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[Convenience translation]voxeljet AG AugsburgReport of the Management Board submitted to the Annual General Meeting regarding Item 7:Extension of the authorization to issue stock options (2022 stock
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Gather all necessary documents that require translation.
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A convenience translation report is a financial document that provides a translated version of a company's financial statements into another currency and is typically required to facilitate understanding for stakeholders who use different currencies.
Entities that operate internationally or have stakeholders in different countries, particularly public companies that must report their financials to investors in a comprehensible manner, are required to file a convenience translation report.
To fill out a convenience translation report, companies should convert their financial statements from the original currency to the reporting currency using the appropriate exchange rates, clearly presenting the translation method and providing necessary disclosures.
The purpose of a convenience translation report is to ensure that stakeholders can easily understand a company's financial performance regardless of the currency they use, allowing for better informed investment and business decisions.
The report must include the translated financial statements, the exchange rates used for translation, any adjustments made during translation, and relevant footnotes explaining the translation process.
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