Foreign currency translation definition

Foreign currency translation. The accounting records of the Company are maintained in United States dollars. Monetary assets and liabilities in a foreign currency are translated into United States dollars at the prevailing rates of exchange at year end. Revenue receipts and expense payments are translated into United States dollars at the prevailing exchange rate on the respective dates of transactions. The rate of exchange between United States dollars and Cayman Islands Dollars is fixed at US$1.00: CI$0.84. All amounts are CI Dollars (‘000) unless otherwise noted.

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Foreign currency translation means the period-over-period impact of foreign currency translation, which is calculated by applying current-year foreign exchange rates to the various functional currencies in our business to our reporting currency of US dollars for the same period in the prior year.

Examples of Foreign currency translation in a sentence

Depreciation: Fixed assets, other than land, are depreciated by the straight-line method at the following rates estimated to write off the cost of the assets over their expected useful lives: Buildings, Runways, Apron, Car Parks 20 – 40 years Other Assets 4 – 10 years Foreign currency translation: Assets and liabilities denominated in currencies other than Cayman Islands dollars are translated at exchange rates in effect at the balance sheet dates.
Foreign currency translation Items included in the financial statements are measured using the currency of the primary economic environment in which the Company operates (the "functional currency").
Net loss $ (6,419 ) $ (5,356 ) Other comprehensive income (loss): Foreign currency translation adjustments (177 ) (108 ) Unrealized loss on investments (93 ) — Change in accumulated other comprehensive loss (270 ) (108 ) Comprehensive loss $ (6,689 ) $ (5,464 ) LOOKSMART GROUP, INC.
Other income (loss): Foreign currency translation: Adjustments arising during period......................
Foreign currency translation risks are the result of translating assets and liabilities denominated in any currency other than the hryvnia into hryvnia amounts for financial reporting purposes, as the Combined Financial Statements apply the hryvnia as the functional and reporting currency.
Accumulated other comprehensive loss consists of the following: YEARS ENDED JANUARY 31, 2000 1999 1998 (IN THOUSANDS) Foreign currency translation adjustments Beginning balance.........................................
Other comprehensive income: Foreign currency translation adjustments.......................
The income tax effects allocated to the components of other comprehensive income are as follows: YEAR ENDED DECEMBER 31, 2001 BEFORE TAX TAX EFFECT NET-OF-TAX (IN THOUSANDS) Foreign currency translation (loss) gain.............
Foreign currency translation Income taxes Stock-based compensation SunOpta BioProcess Inc.
Foreign currency translation had a positive impact on the consolidated operating income growth rate for the quarter primarily due to the stronger Euro, while foreign currency translation had a minimal impact on the operating income growth rate for the six months.

More Definitions of Foreign currency translation

Foreign currency translation using the exchange rate prevailing at the balance sheet date. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of income. Foreign currency transactions are primarily undertaken in Canadian dollars. The Company has not, to the date of these financials statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.

Foreign currency translation. Balance sheet accounts are translated at the exchange rate in effect at each year-end and income accounts are translated at the average rates of exchange prevailing during the year. The national currencies of the foreign companies are generally the functional currencies. Gains 32 ITT INDUSTRIES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS -- (CONTINUED) DOLLARS IN MILLIONS, EXCEPT PER SHARE, UNLESS OTHERWISE STATED (losses) from foreign currency transactions are reported currently in other operating expenses and were $(4), $4, and $8 in 1995, 1994, and 1993, respectively.

Foreign currency translation. The accounting records of the Company are maintained in United States dollars. The Budget has been prepared in Cayman Islands Dollars. The rate of exchange between United States dollars and Cayman Islands Dollars is fixed at US$1.00: CI$0.84. • Sale of Outputs (Goods & Services) to Ministries/Portfolios, SAs & GCs 1,530,000 Sale of Outputs (goods and services) to Others 37,335,000 Other operating revenue 214,000 Personnel costs 16,061,000 Supplies and consumables 10,469,000 Depreciation 1,536,000 Other operating expenses 21,614,000 Financing expense (1,361,000) Extraordinary items 0 Opening balance net worth -26,199,000 Net Surplus (11,962,000) Property revaluations 0 Investment revaluations 0 Net revaluations during the period 0 Total recognised revenues and expenses (11,962,000) Equity Contributions (made into this org) 7,000,000 Capital Withdrawal (made from this org) 0 Repayment of Surplus (made by this org) 0 Cash and cash equivalents 660,000 Accounts receivable 5,866,000 Other current assets 25,000 Property, plant and equipment 11,662,000 Other non-current assets 0 Accounts payable 8,515,000 Unearned revenue 4,033,000 Other current liabilities 2,520,000 Borrowings 31,745,000 Other non-current liabilities 2,561,000 Contributed Capital 55,455,000 Accumulated surpluses (86,616,000) Sale of Outputs (Goods & Services) to Ministries/Portfolios, SAs & GCs 1,530,000 Sale of Outputs (goods and services) to Others 37,335,000 Interest received (840,000) Other receipts 470,000 Personnel costs (16,061,000) Suppliers (11,170,000) Interest paid (1,361,000) Other payments (19,053,000) Purchase of non-current assets (3,104,000) Purchase of investments 0 Equity Contributions 7,000,000 Proceeds from borrowings 8,000,000 Repayment of borrowings (2,334,000) Cash and cash equivalents at beginning of period 248,000 CKX C Check 420 CAL C Check - CYB C Check - New Acft Check 420 RVSM 168 CYB #1 Engine ESV2 420 Unspecified Engine 311 Unspecified Engine - CKX #1 Engine ESV1 252 IT Upgrade Project 186 Transitional - Other Capital Assets 202 Rotables 726 The Budget represents the expected results for the year ending June 30th, 2005. The estimations are based upon the strategic plan for the airline and management’s best estimates of the future events. Actual results will differ from estimates and the differences could be significant. The budget includes the results of Cayman Airways and Cayman Airways Express. Cayman Airways Express is the wholly-owned subsidiary of Cayman Airway...

Foreign currency translation shall not be taken into account in calculating Consolidated Net Worth.

Foreign currency translation. The accounting records of the Company are maintained in United States dollars. The Budget has been prepared in Cayman Islands Dollars. The rate of exchange between United States dollars and Cayman Islands Dollars is fixed at US$1.00: CI$0.84. Sale of Outputs to Cabinet 9,851,000 9,851,000 Passenger (sched) 3 40,453,000 41,244,000 Cargo 4 4,860,000 3,620,000 Passenger (Charter) 5 721,000 487,000 Handling 6 1,599,000 1,368,000 Other 7 617,000 512,000 Salaries 8 14,720,000 13,164,000 Benefits & Other Staff Costs 9 3,319,000 3,268,000 Fuel & Oil 10 13,647,000 14,045,000 Maintenance Reserves 11 2,588,000 2,860,000 Landing & Parking Fees 12 1,613,000 1,617,000 Aircraft Services 13 6,660,000 6,741,000 Meal & Beverage 14 804,000 861,000 Commissions & CC 15 3,044,000 3,213,000 Navigation & Overfly 16 929,000 911,000 Other Maintainence 17 2,453,000 2,646,000 Aircraft Rental 18 2,983,000 2,688,000 Facilities Rental 19 488,000 643,000 Communications 20 885,000 1,268,000 Depreciation 21 2,067,000 1,911,000 General & Admin 22 1,441,000 1,600,000 Advertising & Promo 23 1,038,000 1,000,000 Customs 24 333,000 370,000 Other 25 1,885,000 1,894,000 Financing expense 26 1,919,000 1,596,000 Gains/(losses) on foreign exchange transactions - - Other Non-Operating revenues or expenses - - Extraordinary expenses - - Opening balance net worth (32,318,000) (27,106,000) Net Surplus (4,716,000) (5,212,000) Cash and cash equivalents 1,434,000 2,111,000 Accounts receivable 6,300,000 5,628,000 Prepaid Expenses 1,344,000 1,333,000 Parts Held for Resale 38,000 38,000 Property, plant and equipment 14,652,000 14,015,000 Other non-current assets - Bank Overdraft Accounts payable 11,760,000 12,217,000 Unearned Transpo Liability 5,880,000 5,880,000 Unearned Subsidy - Current Portion of LTD 2,688,000 2,544,000 Borrowings 34,614,000 31,496,000 Maintenance Reserve 4,516,000 3,306,000 Contributed Capital 58,939,000 58,939,000 Asset revaluation reserve - Accumulated surpluses (95,973,000) (91,257,000) Net Income (4,716,000) (5,212,000) Depreciation 2,067,000 1,911,000 Reserves 1,210,000 1,702,000 Current Assets 661,000 103,000 Subsidy Current Liabilities (313,000) (2,355,000) Purchase of non-current assets (2,705,000) (7,292,000) Repayment of borrowings 3,119,000 6,334,000 Cash and cash equivalents at beginning of period 2,111,000 6,920,000 The Budget represents the expected results for the year ending June 30th, 2007. The estimations are based on the strategic plan for the airline and management’s b...