3 unchanged sentences
Changes in exchange rates can positively or negatively affect our reported revenue, operating income, assets, liabilities, and equity.
−Removed: The functional currencies of our Asian subsidiaries are the South Korean won, the New Taiwan
−Removed: dollar, the RMB, and the Singapore dollar.
+Added: The functional currencies of our Asian subsidiaries are the South Korean won, the New Taiwan dollar,
+Added: the RMB, and the Singapore dollar.
The functional currencies of our European subsidiaries are the British pound and the euro.
In addition, we engage in transactions in, and have exposures to, the Japanese yen.
−Removed: We attempt to minimize our risk of foreign currency transaction losses by producing products in the same country in which the products are sold (thereby generating revenues and incurring expenses in
−Removed: the same currency), and by managing our working capital.
+Added: We attempt to minimize our risk of foreign currency transaction losses by producing products in the same country in which the products are sold (thereby generating revenues and incurring expenses
+Added: in the same currency), and by managing our working capital.
However, in some instances, we sell products in a currency other than the functional currency of the country where it was produced, or purchase products in a currency that differs from the
3 unchanged sentences
We do not enter into derivatives for speculative purposes.
−Removed: There can be no assurance that this approach will protect us from the need to recognize significant
−Removed: foreign currency transaction gains and losses, especially in the event of a significant adverse movement in the value of any foreign currency in which we conduct business against any of our functional currencies, including the U.S.
−Removed: Our primary net foreign currency exposures as of July 30, 2023, included the South Korean won, the Japanese yen, the New Taiwan dollar, the RMB, the Singapore dollar, the British pound sterling, and the euro.
+Added: There can be no assurance that this approach will protect us from the need to recognize significant foreign
+Added: currency transaction gains and losses, especially in the event of a significant adverse movement in the value of any foreign currency in which we conduct business against any of our functional currencies, including the U.S.
+Added: Our primary net foreign currency exposures as of January 28, 2024, included the South Korean won, the Japanese yen, the New Taiwan dollar, the RMB, the Singapore dollar, the British pound sterling, and the euro.
that date, a 10% adverse movement in the value of currencies different from the functional currencies of our subsidiaries would have resulted in a net unrealized pre-tax loss of $54.8 million, which represents an increase of $2.7 million from our
−Removed: exposure at April 30, 2023.
−Removed: Our most significant exposures at July 30, 2023, were exposures of the South Korean won, the RMB, and the New Taiwan Dollar to the U.S.
−Removed: dollar, which were, respectively, $12.7 million, $11.1 million, and $24.4 million
−Removed: at that date.
−Removed: We do not believe that a 10% change in the exchange rates of non-US dollar currencies, other than the aforementioned currencies and the Japanese yen, would have had a material effect on our July 30, 2023, condensed consolidated
−Removed: financial statements.
+Added: exposure at October 31, 2023.
+Added: Our most significant exposures at January 28, 2024, were exposures of the South Korean won, the RMB, and the New Taiwan Dollar to the U.S.
+Added: dollar, which were, respectively, $13.8 million, $9.7 million, and $28.4
+Added: million at that date.
+Added: We do not believe that a 10% change in the exchange rates of non-US dollar currencies, other than the aforementioned currencies and the Japanese yen, would have had a material effect on our January 28, 2024, condensed
+Added: consolidated financial statements.
Interest Rate Risk
−Removed: A 10% adverse movement in the interest rates on our variable rate borrowings would not have had a material effect on our July 30, 2023, condensed consolidated financial statements.
+Added: A 10% adverse movement in the interest rates on our variable rate borrowings would not have had a material effect on our January 28, 2024, condensed consolidated financial statements.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.