Reporting Currency Sample Clauses

Reporting Currency. In regard to the financial statements of the Company, the reporting currency shall be in Canadian dollars but may be modified at the Company’s discretion.

Reporting Currency. Effective January 1, 2002, the Company changed its reporting currency from the U.S. dollar to the Euro. The reason for this change is because a significant majority of the Company's business transactions are originally denominated in Euros. The Company's functional currency and reporting currency are now the same. Prior years' financial statements had been reported in U.S. dollars, but have been restated into Euros using the guidance of Statement of Financial Accounting Standards No. 52, "Foreign Currency Translation" ("SFAS 52"). Therefore, the financial statements for prior years depict the same trends that the previous financial statements presented in U.S. dollars show. The Euro was initially implemented by the European Community on January 1, 1999. By adopting the Euro as the Company's reporting currency, most of the cumulative foreign currency translation losses were eliminated from the Company's balance sheets and most of the foreign currency translation losses were eliminated from the Company's statements of comprehensive income. Prior to the restatement, at December 31, 2001, there was a cumulative foreign currency translation loss of $64,016 (in thousands of U.S. dollars) included as part of shareholders' equity in the balance sheet. In conjunction with the restatement, the majority of this amount was eliminated. During the six months ended June 30, 2001, there was a foreign currency translation loss of $13,004 (in thousands of U.S. dollars) included as part of comprehensive income (loss). In conjunction with the restatement, the majority of this amount was eliminated. For periods prior to 1999, when the Company's functional currency was the German deutschmark, the financial statements were restated using a fixed rate of 0.5113 Euros to each deutschmark. As a result of using the fixed exchange rate, the Company's consolidated financial statements for those periods may not be comparable to the financial statements of companies from other countries reporting in the Euro.

Reporting Currency. The Company shall adopt RMB as its reporting currency, but may also adopt US$ as an additional bookkeeping currency. Any currency conversion or transaction necessary for the preparation of the Company’s books and accounts, contributions to the registered capital, distribution of profits and other purposes, shall be translated into the reporting currency based on the official foreign exchange rate announced by the People’s Bank of China on the transaction date or contribution date.

Reporting Currency. The reporting currency of the Cooperative shall be the United States Dollar (USD).

Reporting Currency. The Company shall use Renminbi as its accounting currency. When foreign currency denominated transactions take place, the foreign currency amount will be converted into the reporting currency on a monthly basis for recording purposes in accordance with PRC GAAP. Any increase or decrease in the balance of foreign currency trading account shall be converted into the reporting currency in based on the foreign exchange rate announced by the People’s Bank of China on the transaction date or on the first day of the month when the transaction takes place.

Reporting Currency. All monetary amounts provided in this Letter Agreement will be expressed in U.S. dollars.

Reporting Currency. Fail to report its financial results in U.S. Dollars.