VALLETTA, Malta, Apr 3, 2017 /PRNewswire/ -- The net foreign exchange impact of the Kindred Group's main trading currencies against its reporting currency of GBP is shown in the tables below. While this has no material impact on the underlying development in Kindred Group's business, it does affect the reported results when translated into GBP.
The weighted average impact of GBP against Kindred Group's main currencies was a positive impact on Gross winnings revenue of approximately 10-11 per cent in the first quarter of 2017 compared to the same period of 2016.
| Balance sheet rates: |
|||||||||
| Rate to GBP |
31-Mar-16 |
31-Mar-17 |
YoY Delta |
||||||
| SEK |
11.655 |
11.142 |
4.4% |
||||||
| NOK |
11.894 |
10.717 |
9.9% |
||||||
| EUR |
1.263 |
1.169 |
7.4% |
||||||
| DKK |
9.413 |
8.694 |
7.6% |
||||||
| AUD |
1.871 |
1.634 |
12.7% |
||||||
| Income statement averages for the quarter: |
|||||||||
| Rate to GBP |
Avg Q1 16 |
Avg Q1 17 |
YoY Delta |
||||||
| SEK |
12.117 |
11.054 |
8.8% |
||||||
| NOK |
12.383 |
10.452 |
15.6% |
||||||
| EUR |
1.300 |
1.163 |
10.5% |
||||||
| DKK |
9.695 |
8.646 |
10.8% |
||||||
| AUD |
1.987 |
1.634 |
17.8% |
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CONTACT:
For more information:
Inga Lundberg, Investor Relations, +44 788 799 6116
This information was brought to you by Cision http://news.cision.com
http://news.cision.com/kindred-group/r/exchange-rates-for-the-first-quarter-of-2017,c2231013
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