Annual Report and Accounts 2020 to 2021
k) Functional and presentational currency
The Commission's functional and presentational currency is sterling. The very small number of transactions denominated in a foreign currency have been translated into sterling at the exchange rate ruling on the date of the transaction. Resulting exchange gains and losses are recognised in the Commission's surplus or deficit in the period in which such gains or losses arise.
Last updated: 22 July 2021
Show updates to this content
No changes to show.