Tiscali 2003 Annual Report Download - page 67
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6969
v) Recording of foreign currency amounts
Receivables and payables in foreign currencies are adjusted to the exchange rates in force at the end of the period, taking into
account any hedging agreements that may exist. Exchange rate gains and losses are booked to the profit and loss account.
The exchange rates used to convert items and accounts in foreign currencies are shown below:
EXCHANGE RATES ISO CODE END-OF-YEAR RATE AVERAGE RATE
Swiss franc CHF 1.557900 1.520742
Czech koruna CSK 32.410000 31.842583
Danish krone DKK 7.445000 7.430692
Euro EUR 1.000000 1.000000
British pound GBP 0.704800 0.691892
Norwegian krone NOK 8.414100 7.999458
Swedish krona SEK 9.080000 9.124358
US dollar USD 1.263000 1.130900
South African rand ZAR 8.327600 8.530883