aracruz2000

Additionally in accordance with the maturity schedule

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Unformatted text preview: Company partially reinvested proceeds of U.S. $34,924 into Central Bank Bonds, Series E with a maturity date in June 2004. 22 Aracruz Celulose S.A. Notes to Consolidated Financial Statements Expressed in thousands of United States dollars (unless otherwise stated) At December 31, 2000, the fair value of the Company’s debt securities available for sale amounted to U.S. $323,032 (1999 – U.S. $189,480), with an unrealized gain, net of tax, of U.S. $1,095 recorded as a component of other cumulative comprehensive income. 8 Accounts receivable, net December 31, 1999 2000 Customers - pulp sales Domestic Export Advances to suppliers Other 6,999 71,074 1,223 5,171 8,149 80,887 3,432 2,044 Allowance for doubtful accounts 84,467 (490 ) 95,512 (446 ) Total, net 83,977 94,066 At December 31, 2000, one customer accounted for 30% of total customer receivables (1999 - two customers accounted for 37%) and no other accounted for more than 10%. Export receivables are denominated in the following currencies: December 31, 1999 41,416 29,399 259 77,439 3,448 71,074 United States dollars European currency units - EURO British pounds 2000 80,887 Export receivables in currencies other than U.S. dollars are swapped into U...
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This note was uploaded on 02/05/2014 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.

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