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This excerpt taken from the SYT 20-F filed Mar 1, 2006. Market Risk Due to Fluctuating Foreign Currency Exchange Rates Since its formation on November 13, 2000, Syngenta has adopted the US dollar as its reporting currency. The US dollar value of foreign currency sales and purchases is sensitive to market fluctuations in foreign currency exchange rates. Syngenta’s primary net foreign currency exposures against the US dollar include the Swiss franc, the British pound sterling and the euro. The split of sales and operating costs by currency for the years 2005 and 2004 was as follows:
“Other” includes over 50 currencies. However, none accounts for more than 10% of total sales or total operating costs. Syngenta categorizes the management of currencies into anticipated transactions, committed exposures and translation exposures on monetary items. This excerpt taken from the SYT 20-F filed Mar 16, 2005.
Since its formation on November 13, 2000, Syngenta has adopted the US dollar as its reporting currency. The US dollar value of foreign currency sales and purchases is sensitive to market fluctuations in foreign currency exchange rates. Syngenta’s primary net foreign currency exposures against the US dollar include the Swiss franc, the British pound sterling and the euro. The split of sales and operating costs by currency for the years 2004 and 2003 was as follows:
“Other” includes over 46 currencies. However, none accounts for more than 10% of total sales or total operating costs. The Seeds acquisitions in 2004 are expected to increase the proportion of US dollar sales and costs in 2005. Syngenta categorizes the management of currencies into anticipated transactions and committed exposures. 91 | EXCERPTS ON THIS PAGE:
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