70% of Sri Lankan Tamils in Sri Lanka live in the Northern and Eastern provinces. Although Sri Lankan Tamils are culturally and linguistically distinct, genetic studies indicate that they are closely related to Sinhalese ethnic group in the island.
DEFINITION of 'Reporting Currency'. The currency which is used for an entity's financial statements. The reporting currency in financial statements and other financial reports are easiest to understand when they are compiled using only one currency.
In addition, paragraph 17 of IAS 21 requires that an entity determine its functional currency in accordance with paragraphs 9â14 of the standard. Therefore, paragraph 9 should not be considered in isolation when determining the functional currency of an entity.