English to Japanese Bus/Financial Finance (general)

Constant currency removes the impact of exchange rate movements to facilitate comparability by restating the current
year’s results at the prior year’s rates. This is done in two parts: 1) by converting the current year net profit of entities in
the group that have reporting currencies other than Australian Dollars at the rates that were applicable to the prior year
(“translation currency effect”) and comparing this with the actual profit of those entities for the current year; and 2) by
restating material transactions booked by the group that are impacted by exchange rate movements at the rate that would
have applied to the transaction if it had occurred in the prior year (“transaction currency effect”) and comparing this with
the actual transaction recorded in the current year. The sum of translation currency effect and transaction currency effect
is the amount by which reported net profit is adjusted to calculate the result at constant currency.