ABC Pty Ltd signed a binding contract with DEF plc, a listed British company, to build some equipment. The equipment requires a period of time to construct. Relevant events and the spot rates at each date are shown as follows:

Date	Event	Sport rate
15 March 2021	Signed a binding contract worth 390000 with DEF plc to build equipment.	A$1.00 = 0.47
30 June 2021	ABC Pty Ltds End of financial year	A$1.00 = 0.49
15 July 2021	Installed the equipment ready for use	A$1.00 =0.48
14 August 2021	Made payment of 390000 to DEF plc.	A$1.00 = 0.45