To present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into United States dollars using the average exchange rates from the comparative period rather than the actual exchange rates in effect during the...
The Group generates profits in both the UK and the US. The Group's effective tax rate is primarily dependent on the applicable tax rates in these respective jurisdictions. Following the Sentry acquisition, whose profits are solely generated in the US, the Group now generates a higher proportion ...
Looking forward, we anticipate the underlying tax rate to be approximately 27%. Due to items disallowed for tax in both the Netherlands and Belgium, our effective tax rate is higher than the nominal rates in the countries where we operate. Our Group tax strategy remains unchanged and is fully...
^^Net of tax and minority interest, exceptional loss during Q4 FY24 and FY24 amounted to Rs. 8 crore each, resulting in a Net Profit of Rs. 136 crore and Rs 1,022 crore, respectively. Please refer to Note 16: Exceptional Items in the published Financial Results Financial Commentary: Q4...
The macroeconomic environment remains challenging as persistent inflation, high interest rates and slow economic growth continue to dampen business and consumer sentiment. Continued currency headwinds are also expected from the strong Singapore Dollar relative to the Australian and regional currencies. However...
promote cross-border trade and investment. It provides tax clarity for individuals and businesses engaged in international activities by defining tax rates, and responsibilities, and reducing the chances of being taxed twice. It applies to income tax in India and income and petroleum taxes in ...
the nature of the underlying expense or income amounts recognized in a given period and the high variability of certain amounts, such as mark-to-market adjustments. Organic revenue growth excludes the effect of acquisitions, divestitures and foreign currency. We are unable to present...
The fourth quarter and FY 2023 revenue, operating income, ACV and deferred revenue and backlog, as compared to the fourth quarter and FY 2022, were impacted by fluctuations in the exchange rates of foreign currencies against the U.S. Dollar. The currency fluctuation impacts on GAAP and n...
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conditions; changes in our tax rates or tax laws; and other factors described in Part II, Item 1A of Electronic Arts’ latest Quarterly Report on Form 10-Q under the heading “Risk Factors”, as well as in other documents we have filed with the Securities and Exchange Commission, including...