Notes to the Consolidated
Financial Statements
In millions of U.S. dollars, unless otherwise stated
35. FOREIGN EXCHANGE GAINS (LOSSES), NET
| |
12.31.2010 |
12.31.2009 |
| Monetary and foreign exchange variations |
|
|
| Income: |
|
|
Trade accounts receivable
|
11.3 |
35.3 |
Advances to suppliers
|
(0.9) |
(0.3) |
Cash and cash equivalents and financial assets
|
27.5 |
240.8 |
Tax credits
|
(7.5) |
27.6 |
Other
|
30.0 |
18.0 |
|
60.4 |
321.4 |
| Expenses: |
|
|
Advances from customers
|
(11.3) |
(28.7) |
Loans and financing
|
(7.4) |
(220.1) |
Suppliers
|
(0.8) |
(5.5) |
Accounts payable
|
(4.4) |
(6.8) |
Taxes and charges payable
|
(29.8) |
(97.0) |
Provisions
|
(8.9) |
(36.5) |
Provisions for Contingencies
|
(3.6) |
(2.8) |
Other
|
(1.7) |
(6.2) |
|
(67.9) |
(403.6) |
| Net monetary and foreign exchange variations |
(7.5) |
(82.2) |
| |
|
|
| Derivative instruments |
6.4 |
13.4 |
| Foreign exchange gain (loss), net |
(1.1) |
(68.8) |
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