21. Translation differences
21. Translation differences
(thousands of €) |
2016 |
2015 |
On 1 January |
(467) |
(1,157) |
Translation differences, arisen from translating foreign activities |
(623) |
690 |
Translation differences on 31 December |
(1,090) |
(467) |
Translation differences decreased from a negative €0.5 million at the end of December 2015 to a negative of €1.1 million at the end of December 2016 mainly due to fluctuations of the GB pounds and the U.S. dollar exchange rates.