19. Translation differences
Financial statements
CSR report
|
31 December |
|
(thousands of €) |
2018 |
2017 |
On 1 January |
(1,754) |
(1,090) |
Translation differences, arisen from translating foreign activities |
197 |
(664) |
Translation differences on 31 December |
(1,557) |
(1,754) |
Translation differences decreased from a negative €1.8 million at the end of December 2017 to a negative of €1.6 million at the end of December 2018 mainly due to fluctuations of the GB pounds and the U.S. dollar exchange rates.