aracruz2000

S 178 million for the year ended december 31 2000 us

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Unformatted text preview: 2000. Assets acquired in the future will be depreciated at the same rates as those determined in the technical report, taking into consideration the nature of the assets. 11 Short-term borrowings The Company's short-term borrowings are principally from commercial banks for export financing and are substantially denominated in U.S. dollars. Average annual interest rates at December 31, 1999 and 2000 were, respectively, 8.2% and 7.4%. At December 31, 2000, U.S.$ 125,203 of short-term borrowings fall due within 90 days, U.S.$ 29,440 from 91 to 180 days and U.S.$ 3,050 from 181 to 365 days. 25 Aracruz Celulose S.A. Notes to Consolidated Financial Statements Expressed in thousands of United States dollars (unless otherwise stated) 12 Long-term debt December 31, 1999 Denominated in Brazilian currency - term loans with varying interest rates; principally the "Long-term Interest Rate" (TJLP) plus 5.5% to 11.5% (1999 - 5.5% to 11.5%), due 2000 to 2006 Denominated in foreign currencies Term loans - 9,26% to 12.37% (1999 - 8.45% to 12.23%), due 2001 to 2004 Securitization of receivables - 7.98% (1999 - 7.98% to 9.89%) due 2001 to 2002 Import financing - 6.56% to 7.31% (1999 - 5.55% to 7.08%), due 2001 to 200...
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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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