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Derivative Financial Instruments
3 Months Ended
Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments
11. Derivative Financial Instruments
The Company enters into forward currency contracts from time to time to manage its exposure to foreign currency exchange rate fluctuations recognized by its subsidiaries on specific monetary loan receivables and significant intercompany balances. The gross total notional amount of forward currency contracts as of March 31, 2024 is $38.9 million (December 31, 2023: $33.9 million). During the three months ended March 31, 2024, an unrealized loss of $0.3 million (three months ended March 31, 2023: $0.2 million) was recognized within foreign exchange loss in the condensed consolidated income statement.