The company`s storage contract also includes non-leasing components in the form of payments to variable logistics services and the cost of labour that the company must pay on the basis of the services it consumes. These amounts are not included in the assessment of the lease bond, but are recorded as expenses for the costs incurred. Changes and differences of opinion with accountants regarding accounting and financial information The company has leases for offices and warehouses and certain equipment. In some of the company`s leases, rents are periodically adjusted on the basis of terms set out in the lease. The company did not have financing leases as of December 31, 2019 and did not have financing leases for the 12-month period that expired at the time. There was no disagreement with the Company`s independent auditors regarding the accounts and financial data for the year ended December 31, 2019. As of December 31, 2019, the company employed 550 people, including approximately 310 in manufacturing, logistics and supply chain support, as well as 240 in marketing, management and corporate support. None of the employees are subject to a collective agreement with the company. We believe we have a good relationship with our employees. Of our total staff, approximately 540 are employed in the United States and about 10 in the Asia-Pacific. Our office and storage leases have durations of 36 months to 122 months. Our equipment leases have lease conditions of 60 to 203 months, some of which have automatic renewal clauses.
The company is exposed to market risks related to changes in interest rates and market prices that affect our asset portfolio. Their current investment policy is to maintain an asset portfolio consisting of municipal bonds, U.S. money market securities and quality corporate bonds, either directly or through managed funds. His money is deposited and invested in highly rated financial institutions in North America. Its marketable securities are subject to interest rate risk and market price risk and will lose value if market interest rates rise or market prices fall. If market interest rates were to rise and market prices fell immediately and consistently by 10% from December 31, 2019 levels, the entity believes that the fair value of its asset portfolio would decrease by an immaterial amount and therefore would not expect its operating results or cash flows to be significantly affected by the effects of a change in market conditions on our investments. Consolidated Accounts of Change in Equity We deploy sales commissions and credit card fees during the period during which the corresponding turnover is realized. These fees are deferred, as well as revenue from goods in transit, which are not collected by customers. These costs are recorded as sales, general and administrative expenses in our consolidated income statement.
. As of December 31, 2019, the Company had $104.8 million in capital and working capital of $74.8 million compared to $109.1 million and $85.2 million at December 31, 2018.