{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}


We conducted our audits of these statements in

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: e conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America which require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for the opinion expressed above. PricewaterhouseCoopers Auditores Independentes Vitória, Brazil January 12, 2001 2 Aracruz Celulose S.A. Consolidated Balance Sheets Expressed in thousands of United States dollars (except number of shares) December 31, Assets Property, plant and equipment, net 2000 312,590 189,480 18,091 323,032 5,892 78,085 69,639 6,488 22,323 8,462 9,530 84,536 80,976 6,736 72,081 7,956 692,959 Current assets Cash and cash equivalents D ebt securities available-for-sale Accounts receivable, net Related party Other Inventories, net Deferred income tax, net Recoverable income and other taxes P repaid expenses and other current assets 1999 602,938 1,702,747 December 31, 1,664,322 Investment in affiliated company Liabilities and stockholders' equity 79,698 Other assets A dvances to suppliers Deposits for tax assessments Deferred income tax, net Recoverable...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online