An enterprise should disclose:

  • The amount of exchange differences included in the net profit or loss for the period.
  • Net exchange differences accumulated in foreign currency translation reserve as a separate component of shareholders’ funds, and a reconciliation of the amount of such exchange differences at the beginning and end of the period.
  • When the reporting currency is different from the currency of the country in which the enterprise is domiciled, the reason for using a different currency should be disclosed.
  • The reason for any change in the reporting currency should also be disclosed.

When there is a change in the classification of a significant foreign operation, an enterprise should disclose:

  • The nature of the change in classification;
  • The reason for the change;
  • The impact of the change in classification on shareholders’ funds; and
  • The impact on net profit or loss for each prior period presented had the change in classification occurred at the beginning of the earliest period presented.

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