7 unchanged sentences
We have both fixed and floating rate financing.
−Removed: Some of our floating rate credit facilities contain minimum rates of interest to be charged.
+Added: Some of our floating rate credit facilities contain minimum interest rates to be charged.
Based upon our interest-bearing balances and interest rates as of January 31, 2025, 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 $4.5 million.
1 unchanged sentence
At January 31, 2025, we had total floorplan payables outstanding of $755.7 million, of which $453.3 million was interest-bearing at variable interest rates and $302.4 million was non-interest bearing.
−Removed: In addition, at January 31, 2024, we had total long-term debt outstanding and finance lease liabilities of $122.1 million, primarily all of which is fixed rate debt.
+Added: In addition, at January 31, 2025, we had total long-term debt outstanding and finance lease liabilities of $215.3 million, primarily all of which was 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: Many of the currency and payment controls the National Bank of Ukraine imposed in February 2022, have been relaxed, making it more practicable to manage our UAH exposure.
+Added: Many of the currency and payment controls that the National Bank of Ukraine imposed in February 2022 have been relaxed, making it more practicable to manage our UAH exposure.
However, the continuation of the Russia/Ukraine conflict could lead to more significant UAH devaluations, similar to the 24% devaluation that occurred in July 2022, or more stringent payment controls in the future.
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.