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EFFECTS OF FOREIGN CURRENCY MOVEMENTS (Tables)
3 Months Ended
Mar. 31, 2013
Exchange Rates Used for Translation of Balance Sheet and Statement of Operations

Table below presents the exchange rates used for translation of our balance sheet and statement of operations and comprehensive income balances as of and for the three months ended March 31, 2013:

 

     Balance sheet rate
as of
March 31, 2013
     Balance sheet rate
as of
December 31, 2012
     Average rate for the
three months ended
March 31, 2013
     Average rate for the
three months ended
March 31, 2012
 

PLN / USD

     3.2590         3.0996         3.1469         3.2249   

RUR / USD

     31.0381         30.4779         30.4048         30.1674   

HUF / USD

     237.8832         221.4000         224.7786         225.5175   
Schedule of Foreign Currency Exchange Rate Effect Before Tax

The table below summarizes the pre-tax impact of a one percent movement in each of the exchange rate which could result in a significant impact in the results of the Company’s operations.

 

Exchange Rate

   Value of notional amount as of March 31, 2013      Pre-tax impact of a 1%
movement in exchange rate
 

USD-Polish zloty*

     $376.7 million       $ 3.8 million gain/loss   

USD-Russian ruble*

     $272.2 million       $ 2.7 million gain/loss   

EUR-USD*

     €442.7 million or approximately $567.5 million       $ 5.7 million gain/loss   

EUR-Russian ruble

     €30.4 million or approximately $39.0 million         0.4 million gain/loss   

 

* Reflects debt outstanding prior to giving effect to the Plan of Reorganization.