No queries about Australian Operation.
HY 2015 report
Pg7 Other comprehensive income
Foreign currency translation
Net gain was reduced to 21,045,000 from 35,594,000.
The difference in loses are -14,568,000. Negative
Cash flow hedges gained 2,333,000 from negative 24,347,000
Company is reducing its cash hedges. Positive
Pg 10 cash and cash equivalent
Net foreign exchange differences gained 5,852,000 from negative 9,239,000.
The stronger cash on hand the better money in term of higher USD. Positive
It's NOT simple to say foreign exposure company will benefit from higher USD.
If it's a retail industry operated in the US then higher USD is all good.
Ann: Becoming a substantial holder from BTT, page-14
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