Currency Translation

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Please use the attached spreadsheet to complete this currency translation. The required Foreign Currency Translation Methods are Current Method and Temporal Method. Please use the information given in the spreadsheet fully, and read the attached Requirement file. Please pay more attention to the exchange rate, average rate, the exchange rate of retained earnings.

CURRENT–NONCURRENT METHOD Under the current–noncurrent method, a foreign subsidiary’s current assets (assets that are usually converted to cash within a year) and current liabilities (obligations that mature within a year) are translated into their parent company’s reporting currency at the current rate. Noncurrent assets and liabilities are translated at historical rates. Income statement items (except for depreciation and amortization charges) are translated at average rates applicable to each month of operation or on the basis of weighted averages covering the whole period being reported. The remaining is in the attached Required File.

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