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Foreign currency
2.2 Unsettled balances at the reporting date
The treatment of a balance at the reporting date depends on whether it is monetary
or non-monetary.
Monetary items are those assets or liabilities that will lead to the receipt
or payment of cash. This includes receivables, payables and loans.
Reporting date
Non-monetary items
Monetary items
Do not re-translate.
Retranslate using the
closing rate of exchange. If held at fair value, then
the fair value should be
Exchange gains or losses translated using the rate
to SPL
on the revaluation date.
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