Dear All
We have a forgein branch in Switzerland, which is responsible for the entire revenue in Swiss Francs.
We do not produce any revenue directly in the UK.
Therefore, it would make sense to us, to present our Financal Reporting in Swiss Francs.
Is this possible under FRS 105? If so, it is suffcient when we just clearly state that the presentation currency is in Swiss Francs?
We do appreciate your help tremendously.
Best Regards
MTH