11 unchanged sentences
At January 31, 2022, we had total floorplan payables outstanding of $135.4 million, of which $28.6 million was interest-bearing at variable interest rates and $106.8 million was non-interest bearing.
−Removed: In addition, at January 31, 2021, we had total long-term debt outstanding of $62.2 million, all of which was fixed rate debt.
+Added: In addition, at January 31, 2022, we had total long-term debt outstanding and finance lease liabilities of $89.6 million, primarily all of which is fixed rate debt.
Foreign Currency Exchange Rate Risk
6 unchanged sentences
We have attempted to minimize our net monetary asset position 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.
−Removed: 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: The UAH did devalue during fiscal 2021, and an escalation of political tensions or economic instability could lead to more significant UAH devaluations, which could have a material impact on our results of operations and cash flows.
+Added: With the Russia/Ukraine conflict significantly intensifying in February 2022, currency and payment controls imposed by the National Bank of Ukraine limit our ability to manage our net monetary asset position.
+Added: However in late March 2022, Ukraine's government classified agriculture as a critical industry.
+Added: This has allowed us to convert hryvnia to pay for certain parts and equipment invoices.
+Added: Continuation of political tensions in the Russian/Ukraine conflict could lead to more significant UAH devaluations.
+Added: The inability to fully manage our net monetary asset position and continued UAH devaluations for an extended period of time, 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.
1 unchanged sentence
We believe that a hypothetical 10% increase or decrease in all applicable foreign exchange rates, holding all other variables constant, would not have a material impact on our results of operations or cash flows.
+Added: Table of Content
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.