21. Translation differences
21. Translation differences
|
Year ended 31 December |
|
(thousands of €) |
2015 |
2014 |
On 1 January |
(1,157) |
170 |
Translation differences, arisen from translating foreign activities |
690 |
460 |
Translation differences, arisen from the sale of the service division |
|
(1,787) |
Translation differences on 31 December |
(467) |
(1,157) |
Translation differences increased from a negative €1.2 million at the end of December 2014 to a negative of €0.5 million at the end of December 2015 mainly due to the increase of the GB pounds and the U.S. dollar exchange rates.