The net assets of a foreign operation at 30 June 2015 are constituted as assets of US$400 000 and liabilities of US$250 000. The parent entity purchased the foreign subsidiary on 1 July 2012. Exchange rate information is as follows:

1 July 2012 US$1.00 = AS1.6949 1 July 2014 US$1.00 = A$1.7857 30 June 2015 US$1.00 = AS1.9231