8 unchanged sentences
Some of our floating rate credit facilities contain minimum rates of interest to be charged.
−Removed: Based upon our interest-bearing balances and interest rates as of October 31, 2019 , holding other variables constant, a one percentage point increase in interest rates for the next 12-month period would decrease pre-tax earnings and cash flow by approximately $1.9 million .
+Added: Based upon our interest-bearing balances and interest rates as of April 30, 2020, holding other variables constant, a one percentage point increase in interest rates for the next 12-month period would decrease pre-tax earnings and cash flow by approximately $1.8 million.
Conversely, a one percentage point decrease in interest rates for the next 12-month period would result in an increase to pre-tax earnings and cash flow of approximately $1.8 million.
−Removed: At October 31, 2019 , we had floorplan payables of $445.7 million , of which approximately $188.6 million was variable-rate floorplan payable and $257.1 million was non-interest bearing.
−Removed: In addition, at October 31, 2019 , we had total long-term debt, including finance lease obligations, of $54.9 million , of which $10.0 million was variable rate debt and $44.9 million was fixed rate debt.
+Added: At April 30, 2020, we had floorplan payables of $378.3 million, of which approximately $176.4 million was variable-rate floorplan payable and $201.9 million was non-interest bearing.
+Added: In addition, at April 30, 2020, we had total long-term debt, including finance lease obligations, of $58.8 million, of which $10.0 million was variable rate debt and $48.8 million was fixed rate debt.
Foreign Currency Exchange Rate Risk
3 unchanged sentences
The Company attempts to manage its transactional foreign currency exchange rate risk through the use of derivative financial instruments, primarily foreign exchange forward contracts, or through natural hedging instruments.
−Removed: Based upon balances and exchange rates as of October 31, 2019 , holding other variables constant, we believe that a hypothetical 10% increase or decrease in all applicable foreign exchange rates would not have a material impact on our results of operations or cash flows.
−Removed: As of October 31, 2019 , our Ukrainian subsidiary had $4.5 million of net monetary assets denominated in Ukrainian hryvnia ("UAH").
+Added: Based upon balances and exchange rates as of April 30, 2020, holding other variables constant, we believe that a hypothetical 10% increase or decrease in all applicable foreign exchange rates would not have a material impact on our results of operations or cash flows.
+Added: As of April 30, 2020, our Ukrainian subsidiary had $5.2 million of net monetary assets denominated in Ukrainian hryvnia ("UAH").
We have attempted to minimize our net monetary asset position in Ukraine through reducing overall asset levels in Ukraine and through borrowing in UAH which serves as a natural hedging instrument offsetting our net UAH denominated assets.
At certain times, currency and payment controls imposed by the National Bank of Ukraine have limited our ability to manage our net monetary asset position.
−Removed: While the UAH has recently remained relatively stable, an escalation of political tensions or economic instability could lead to significant UAH devaluations, which could have a material impact on our results of operations and cash flows.
In addition to transactional foreign currency exchange rate risk, we are also exposed to translational foreign currency exchange rate risk as we translate the results of operations and assets and liabilities of our foreign operations from their functional currency to the U.S.
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.