Government Transfers - Deloitte

Foreign currency translation
Unrealized gains and losses
“Old” PSA Standards
Gains and losses on translation are
deferred and amortized to
revenue/expense over the remaining
term of the monetary item
“New” PSA Standards
All monetary assets, liabilities and
non-monetary assets accounted for
at fair value are adjusted to the
period end exchange rate.
Prior to settlement, exchange gains
and losses will be recognized in a
statement of re-measurement gains
and losses (outside the statement of
operations).