GANADO CORPORATION- Managing the Translational Exposure Ganado Corporation U.S.-based multinational parent company Required to report consolidated financial
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GANADO CORPORATION- Managing the Translational Exposure
Ganado Corporation
- U.S.-based multinational parent company
- Required to report consolidated financial results according to U.S. GAAP in U.S. dollars
Ganado China
- A wholly owned foreign subsidiary of Ganado Corporation
- Maintains its financial statements in Chinese yuan
Ganado U.S.
- Wholly owned domestic subsidiary of Ganado Corporation
- Maintains its financial statements in U.S. dollars
Ganado Europe
- Wholly owned foreign subsidiary of Ganado Corporation based in Germany
- Maintains its financial statements in euros
Sales (millions, local currency) | Average Exchange Rate ($/Euro &Yun/$ | Sales (millions, US $) | |||||||
2020 | 2021 | % Change | 2020 | 2021 | % Change | 2020 | 2021 | % Change | |
U.S.A | $560 | 588.56 | 5.1% | 1 | 1 | 0 | |||
Europe | E116.84 | E120 | 2.7% | 1.60 | 1.3 | $156.00 | |||
China | Y1200.00 | Y1200 | 0% | 6.7 | 2.94 | ||||
Total | |||||||||
Earnings (millions, local currency) | Average Exchange Rate ($/Euro &Yun/$ | Earnings (millions, US $) | |||||||
2020 | 2021 | % Change | 2020 | 2021 | % Change | 2020 | 2021 | % Change | |
U.S.A | $30 | 1.5% | |||||||
Europe | E15.4 | E16.4 | 1.6% | 1.6 | 1.3 | ||||
China | Y54 | 0% | 6.7 | 2.94 | |||||
Total | |||||||||
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
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