The company is also exposed to the impact of currency

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Unformatted text preview: on earnings before taxes and OCI before taxes from a 10% change in the exchange rate of the U.S. dollar against the Canadian dollar, Brazilian real, Chilean peso, Russian rouble, Euro, Mauritanian ouguiya, Ghanian cedi and other. 1 0% strenthening in US$ Canadian dollars Brazilian reais Chilean pesos Russian roubles Euros Mauritanian ouguiya Ghanian cedi Other (b) Foreign currency net working asset (liability) in US$ 0.7 (10.9) 18.7 92.4 (6.0) 59.9 29.2 Effect on earnings before taxes, gain (19.3) 1.8 (loss)(a) (0.1) 1.0 (1.7) (8.4) 0.5 (5.4) (2.7) 10% weakening in US$ Effect on OCI before taxes, gain (loss)(a) - Effect on earnings before taxes, gain Effect on OCI before taxes, (loss)(a) gain (loss)(a) - 0.1 (1.2) 2.1 10.3 (0.7) 6.7 3.2 (2.0) (a) (b) - As described in Note 3 (ii), the Company translates its monetary assets and liabilities into U.S. dollars at the rates of exchange at the consolidated balance sheet dates. Gains and losses on translation of foreign currencies are included in earnings. Includes British pounds, Australian dollars, South African rand, and Japanese yen. KINROSS GOLD 2012 ANNUAL REPORT FS43 At December 31, 2012, with other variables unchanged, the following represents the effect of the Company's foreign currency forward contracts on earnings before taxes and OCI before taxes from a 10% change in the exchange rate of the U.S. dollar against the Canadian dollar, Brazilian real, Chilean peso, Russian rouble, and Swiss franc. 1 0% strenthening in US$ Effect on earnings before taxes, gain (loss) Canadian dollars Brazilian reais Chilean pesos Russian roubles Swiss francs (a) iv. $ $ $ $ $ (1.0) 10% weakening in US$ Effect on OCI before taxes, gain (loss) (a) Effect on earnings before taxes, gain (loss) $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Effect on OCI before (16.3) (59.3) (13.7) (15.0) - 1.2 taxes, gain (loss) (a) 20.1 73.3 16.8 18.5 - Upon maturity of these contracts, the amounts in OCI before taxes will reverse against hedged items the contracts relat...
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This document was uploaded on 03/30/2014.

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