The following table details the Company's sensitivity to a 30% increase and decrease in the U.S. dollar against the relevant foreign currency. The sensitivity analysis includes outstanding foreign currency denominated monetary items at December 31, 2017 and adjusts their translation at the year-end for a 30% change in U.S. dollars against the relevant foreign currency and the same change that affects net income as certain costs are incurred in Argentine pesos.
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| | | | | | | | | | | |
| | | | |
| | Gain/(loss) |
Account | | Currency | | Amount | | 30% Increase | | 30% Decrease |
| | | | | | | | |
Net balances | | Argentine pesos | | (1,149 | ) | | 265 |
| | (345 | ) |
| | Total | | (1,149 | ) | | 265 |
| | (345 | ) |
|
| | | | | | | | | | | |
| | | | | | Gain/(loss) |
Account | | Currency | | Amount | | 30% Increase | | 30% Decrease |
| | | | | | | | |
Costs | | Argentine pesos | | (127,475 | ) | | 29,417 |
| | (38,242 | ) |
| | Total | | (127,475 | ) | | 29,417 |
| | (38,242 | ) |
