For constant currency profit, translation is performed using the entity reporting currency
. For constant currency sales, local currency rates are translated into the most relevant functional currency of the destination country of sale (for example, sales in Latin America are primarily made in US dollars, which is therefore used as the functional currency).
In addition, BigDish has changed its reporting currency
to pound sterling from the US dollar, and has changed its year-end to March 31, in line with its subsidiary BigDish UK Ltd.
* Cabinet members obliged all governmental entities and ministries to change their reporting currency
from US$ to EUR, effective immediately.
Reportedly, this Q1 2017 report is the first in which the company reports in euros following a decision at an EGM held on 22 December 2016 to change the reporting currency
from SEK to EUR.
Where payments have been made in currencies other than the reporting currency
(US$), the exchange rate existing at the time the payment is made has been used.
Foreign currency translation reserves arising due to translation of financial statements of a bank's foreign operations to the reporting currency
may be considered as CET1 capital.
dollar compared to the Euro, Suominen's reporting currency
increased the second quarter net sales by approximately 13 million [euro] ($14.4 million).
In these growth regions, sales both in the local currency and the reporting currency
increased by double digit percentages.
Shares of QBE were down 5.4 per cent at $17 by late morning, compared with a 0.9 per cent rise in the benchmark S&P/ASX 200 index.Australia s biggest general insurer by premium income also said it was adopting the US dollar as its reporting currency
because of its extensive international operations.
This clarifies the requirements for public-sector entities to convert foreign currency transactions and balances into their reporting currency
and reflects the latest amendments to the corresponding IFRS.
InterContinental Hotels is to change the reporting currency
of its group accounts from pounds sterling to US dollars.
These currencies are commonly categorized as home currencies, base currencies and a reporting currency