Financial reports sample-Yara International-Business and financial information

（Edited by freelance Chinese translator li – English to Chinese translation or Chinese to English translation services- financial report translation）

Business and financial information
The fertilizer season in Western Europe referred to in this discussion starts（开始于） 1 July and ends（结束于） 30 June. Yara’s business is strongly linked to the US dollar, both with regard to（关于） the purchase of energy and raw materials and prices of finished products（产成品）. The variance analyses are therefore developed（发展/形成） in US dollars, as management considers this to provide a better understanding of underlying（根本的/潜在的/实际的） business performance.

“Currency effect on net fixed cost” as given in the variance analysis reflects the effect of US dollar changes on net fixed cost in euro and Norwegian krone. Yara’s competitive position（竞争能力/竞争地位） versus US producers is negatively impacted（负面影响） when the US dollar depreciates against the euro and Norwegian krone.