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?
or on settlement of monetary items
are recognized in the