| (h) |
Foreign currency translation |
The accounts of foreign balances and transactions are translated into USD as follows:
| (i) |
Monetary assets and liabilities, at the rate of exchange in effect at the consolidated statement of financial position date; |
|
| (ii) |
Non-monetary assets and liabilities, at the exchange rates prevailing at the time of the acquisition of the assets or assumption of the liabilities; and |
|
| (iii) |
Revenue and expense items (excluding amortization, which is translated at the same rate as the related asset), at the rate of exchange prevailing at the transaction date. |
Gains and losses arising from translation of foreign currency are included in the determination of net income (loss).