IRI integrated research limited

Found This In The Dec 20 Half Year Accounts!

  1. 1,821 Posts.
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    I found this in the December 2020 Half ...
    https://hotcopper.com.au/data/attachments/3903/3903999-b912e44e3bae8554c37b44e13a159197.jpg

    It would appear to be Fx related.

    The A$-US$ Fx rate for the last 18 months years is as follows:

    https://hotcopper.com.au/data/attachments/3904/3904015-f5d013944184eecb8876d1f231dcbde3.jpg

    I can't find the actual rates used (in the relevant reports).

    But

    It looks to my (unbiased) eye that the A$ is weaker for both transaction and translation Fx's vs pcp. If that's the case then the $2,893 loss wont be in the Dec 21half year which should turn an EBIT loss to an EBIT profit (vs pcp).
 
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