PwC

Tax & Legal

    Tax & Legal

    Write-downs to fair market value resulting from foreign exchange rate differences on investment units are to be added back off-balance sheet


    Where a company, which has acquired investment units in US dollar denominated equity funds, writes down the value of the investment units to their fair market value following an unfavourable development in the foreign currency exchange rate, the company must add the write down back off-balance sheet.

     

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