Labels:book | crt screen | earth | monitor | poster | reckoner | road | sky OCR: The consolidated finaocial statements include the accounts Macromedia, Inc. and its wholly owned subsidiaries, Macromedia Europx Limited located in England Macromedia Pacific Pry Ltd., located ir Australia, anc Macromedia Japan KK located in Japan All significant intercompany balances transactions have been eliminated in consolidation Foreign Currency Translation In fiscal 1995, the Company changed its functional surrency from the local currency to the United Seates dollar Translation gains or losses an reflected in ner income Prior to fiscal 1995 local currencies were the functional currency s0 assets and liabilities foreign currencies were translated to U.S. dollars at the exchange rate on the balance sheer date Revenues, costs, and expenses were translated at average rates of exc hange ...
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