forex gain likely from retranslation of USD loan?

anyone here is petron customer? Seen quite negative feedback on their new loyalty program. its old loyalty program had beem crowd pulling factor in the past from other players. m has

70m derivative loss...imagine without it..the profit would be much higher

just my 2cent.. not sure if it's true

and if say suddenly oil price in last week of quarter go up from $50 to $100, I don't see there will be "inventory gain". because it is lower cost or NRV

and Q416, I think "inventory gain" is more from their purchasing crude at lower price and selling at higher refined price (when price rising)). don't think there is inventory mark up to market price on outstanding stock though

As long as the decline in refined oil price is less than its refining margin, then there should be no write down in inventory value.

hi Jay, true agreed. but I think inventory value is not marked down to fair value like financial asset. they are only tested for NRV (estimated selling price less estimated cost to)

Don't think any market fair value gain for inventory unless it uses some deritvative

b) unrealized - net realizable value loss (when estimated selling price less est cost to complete is lower than cost). likely happen if a huge fall

I think inventory gain/loss from
a) realised -from buying high crude oil and selling at lower refined price