RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Q2/24Given that 90% of the operations are in US$, 80% of its assets and liabilities too, it is more accurate to have financial statements in US$.
Indeed, at each quarter they have to present information in the same currency. Imagine that from one quarter to the other, the exchange rate move by 2%. You would have to change the value of 80% of the assets and liabilities by 2% to adjust the real value.
However it is the same assets ? It is not accurate to ''play'' like this with values inside the balance sheet.
The same for the sales, a GL 7500 sold 55 M$ at two clients in may and july, have to be put in the books at the same value, not at 2% or less depending of the quarter.