Cer

[pjgriffo]

What does CER mean when comparing this year with last year in elation to company annual results.

[factor-fiction]

Constant Exchange Rate

[factor-fiction]

The following is an example of the relevant notes from a company's statement:


"Exchange translation – Actual Exchange Rate (AER) and Constant Exchange Rate (CER)
The comparative results have been prepared using previously reported exchange rates (AER basis) except where otherwise stated. Results on a CER basis are also shown for the analysis of IFRS and EEV operating profit based on longer-term investment returns."

[factor-fiction]

Accountants love TLAs