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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