Exchange differences arising on the settlement of
monetary items and on the retranslation of
monetary items are taken to the profit and loss account.
9M, negatively impacted by currency depreciation and the subsequent impact on Deferred Tax and
Monetary Items.
In subsequent years, all
monetary items would be up for negotiation, when the district's financial picture is clearer.
For the powerless, the subjective value of
monetary items is intensified and the physical representations of those items are distorted based on whether there is a positive (bigger is better) or negative (smaller is better) value relationship.
6 million), including gains on the revaluation of foreign currency
monetary items of CAD$160 million.
Additionally, FAS33 classifies deferred policy acquisition costs and unearned property and casualty insurance premiums as nonmonetary, but American General (1981) believes these should be classified as
monetary items.
The CPP income statement also contains a gain or loss on holding
monetary items.
However, there will always be differences of opinion as to fair value of
monetary items, book value of long-lived assets, intangible assets, allowances for future troubles, etc.
items outstanding for more than one year) foreign currency denominated
monetary items are, for LCT purposes, a "reserve" under subsection 181(1) and, hence, included in the calculation of taxable capital.
The contract also includes two new
monetary items, a profit-sharing plan and an "inflationary recognition program," both of which are linked to the company's economic performance.
Should we require that translation adjustments on long-term
monetary items be taken to income?
monetary items or on settlement of
monetary items are recognized in the
