1 unchanged sentence
Our financial position is exposed to a variety of risks, including interest rate risks and foreign currency.
−Removed: Additionally, we have seen an increase in these risks and related uncertainties with increased volatility in the
−Removed: financial markets and inflation.
+Added: Additionally, we have seen an increase in these risks and related uncertainties with increased volatility in the financial markets and inflation.
INTEREST RATE RISK
−Removed: Although a substantial portion of our liabilities are non-recourse, fixed-interest-rate instruments, we utilize our lines of credit and other financing facilities which are subject to fluctuations in short-term
−Removed: interest rates.
+Added: Although a substantial portion of our liabilities are non-recourse, fixed-interest-rate instruments, we utilize our lines of credit and other financing facilities which are subject to fluctuations in short-term interest rates.
These non-recourse instruments, which are denominated in US dollars, were entered for other than trading purposes and, except for amounts drawn under the WFCDF Credit Facility, bear interest at a fixed rate.
−Removed: Because the interest
−Removed: rate on these instruments is fixed, changes in interest rates will not directly impact our cash flows.
+Added: Because the interest rate on these instruments is fixed, changes in interest rates will not directly impact our cash flows.
Certain financing transactions are funded with our cash flows, not debt, and may be subject to interest rate risk.
−Removed: If the market
−Removed: interest rate exceeds our internal rate of return, we may not fund the transaction to obtain the proceeds.
+Added: If the market interest rate exceeds our internal rate of return, we may not fund the transaction to obtain the proceeds.
Borrowings under the WFCDF Credit Facility bear interest at a market-based variable rate.
1 unchanged sentence
We have transactions in foreign currencies, primarily in British Pounds, Euros, and Indian Rupees.
−Removed: There is a potential for exposure to fluctuations in foreign currency rates resulting primarily from the translation exposure associated with the
−Removed: preparation of our consolidated financial statements.
+Added: There is a potential for exposure to fluctuations in foreign currency rates resulting primarily from the translation exposure associated with the preparation of our consolidated financial statements.
In addition, we have foreign currency exposure when transactions are not denominated in our subsidiary’s functional currency.
−Removed: To date, our foreign operations are insignificant in relation to
−Removed: total consolidated operations, and we believe that potential fluctuations in currency exchange rates will not have a material effect on our financial position.
+Added: To date, our foreign operations are insignificant in relation to total consolidated operations, and we believe that potential fluctuations in currency exchange rates will not have a material effect on our financial position.
We lease assets in foreign countries, including Canada, the UK, and several other European countries.
As a lessor, we lease assets for amounts denominated in British Pounds, Euros, and Canadian dollars.
−Removed: As our foreign
−Removed: operations have been smaller compared to our domestic operations, we believe that potential fluctuations in currency exchange rates will not have a material effect on our financial position.
+Added: As our foreign operations have been smaller compared to our domestic operations, we believe that potential fluctuations in currency exchange rates will not have a material effect on our financial position.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
2 unchanged sentences
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.