为什么蓝色框中的数值相加不是等于400

问题如下：

In response to the board’s fourth question, the balance sheet exposure (in C$ millions) would be closest to:

选项：

A.

–19.

B.

148.

C.

400.

解释：

B is correct.

If the functional currency were changed, then Consol-Can would use the current rate method and the balance sheet exposure would be equal to net assets (total assets – total liabilities). In this case, 400 – 77 – 175 = 148.

考点： balance sheet exposure计算

解析：之前美元是functional currency，即LC≠FC=RC，我们选择temporal method。现在如果functional currency变成加拿大元，LC=FC≠RC，则要用current rate method进行转换。

current rate method的exposure =net assets =total assets – total liabilities.

所以exposure=TA-TL=400 – 77 – 175 = 148.

【提示】

1、本题不用考虑汇率。之所以会有exposure，是由于汇率的不确定性导致的，所以计算exposure的多少是衡量有多少资产在转换前面临着这种汇率的不确定性，做汇率的调整的话和exposure的概念不符。

2、延伸一下：如果计算的是temporal method下的exposure，temporal method 下 exposure = MA - ML = (135 + 98) - (77 + 175) = 233 - 252 = -19