Page 80 - P6 Slide Taxation - Lecture Day 4
P. 80
Exchange item: Transaction Translation Realisation
Date Date Date
Unit of foreign Spot rate Spot rate Spot rate
currency
Debt Spot rate Spot rate Spot rate
FEC Forward rate Market-related Spot rate
forward rate for
remaining period
Affected FEC Forward rate Forward rate Spot rate
FCOC Zero rate Market value of Market value of
(Nil rate) FCOC divided by FCOC divided by
foreign currency foreign currency
specified specified
in FCOC in FCOC***
Affected FCOC Zero rate Premium/other Market value of
(Nil rate) compensation FCOC divided by
