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 July 31, 2021, 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 $0.4 million.
+Added: Based upon our interest-bearing balances and interest rates as of October 31, 2021, 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 $0.3 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 $0.3 million.
−Removed: At July 31, 2021, we had floorplan payables of $185.5 million, of which approximately $36.9 million was variable-rate floorplan payable and $148.7 million was non-interest bearing.
−Removed: In addition, at July 31, 2021, we had total long-term debt, including finance lease obligations, of $72.2 million, of which all was fixed rate debt.
+Added: At October 31, 2021, we had floorplan payables of $174.7 million, of which approximately $27.4 million was variable-rate floorplan payable and $147.2 million was non-interest bearing.
+Added: In addition, at October 31, 2021, we had total long-term debt, including finance lease obligations, of $81.9 million, of which all 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 July 31, 2021, 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 July 31, 2021, our Ukrainian subsidiary had $2.1 million of net monetary assets denominated in Ukrainian hryvnia ("UAH").
+Added: Based upon balances and exchange rates as of October 31, 2021, 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 October 31, 2021, our Ukrainian subsidiary had $1.2 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 at times through borrowing in UAH which serves as a natural hedging instrument offsetting our net UAH denominated assets.
4 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.