Mattel 2011 Annual Report Download - page 63
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Please find page 63 of the 2011 Mattel annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
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monetary assets and liabilities denominated in Venezuelan bolivar fuertes. The SITME rate was quoted at 5.30
Venezuelan bolivar fuertes per US dollar at December 31, 2011.
Mattel’s Venezuelan subsidiary represented less than 0.1% of Mattel’s consolidated net sales in 2011 and
had approximately $34 million of net monetary assets denominated in Venezuelan bolivar fuertes as of
December 31, 2011. For every $10 million of net monetary assets denominated in Venezuelan bolivar fuertes, a
10% increase/(decrease) in the foreign currency exchange rate would decrease/(increase) Mattel’s pre-tax income
by approximately $1 million.
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