ARA » Topics » other net operating expenses

This excerpt taken from the ARA 20-F filed Jun 30, 2009.

Other Net Operating Expenses

Other net operating expenses are largely comprised of the provision for losses on ICMS tax credits, provision for labor indemnities, provision for fixed asset write-offs, allowance for doubtful account receivables and losses or gains on sales of fixed assets, and the results of net sales of chemicals and wood.

This excerpt taken from the ARA 6-K filed Oct 10, 2007.
other net operating expenses in the quarter was a $3.4 million expense, compared with a net expense of $5.1 million in the 3Q06 and a credit of $24 million in the 2Q07. The difference in relation to the 2Q07 is mainly due to the $23.4 million reversal of an ICMS tax credit provision made in the previous period. When compared to the 3Q06, the decrease was mainly due to the reversal of provision contingencies that are no longer payable.

The sum of the

This excerpt taken from the ARA 6-K filed Jul 9, 2007.
other net operating expenses in the quarter was a $24 million credit compared with expenses of $5.4 million and $7.7 million, respectively, in the 2Q06 and 1Q07, mainly due to a $23.4 million reversal of an ICMS tax credit provision based on a sales contract signed at the end of June and already authorized by the state government.

ARACRUZ RESULTS - SECOND QUARTER 2007 7


 

The sum of the

This excerpt taken from the ARA 6-K filed Oct 11, 2006.
other net operating expenses in the quarter was $5.4 million, compared to $11.0 million in the same period of last year. Contributions to the reduction came from a $0.6 million lower provision for loss on ICMS credits, a $0.7 million lower loss on the sale and writing-off of obsolete assets, a $0.2 million lower provision for labor indemnities and a $3.6 million lower provision for fines relating to tax contingencies. When compared to the 1Q06, the figure was $3.5 million higher, mainly due to a $0.9 million higher provision for loss on ICMS credits, $0.6 million higher legal fees, a $0.4 million higher provision for labor indemnities, a $0.2 million lower profit on the sale of fixed assets and a $0.5 million reversal in the accounts payable in the 1Q06.

 

 

 

 

 

 

 

The sum of the

This excerpt taken from the ARA 6-K filed Jul 10, 2006.
other net operating expenses in the quarter was $5.4 million, compared to $11.0 million in the same period of last year. Contributions to the reduction came from a $0.6 million lower provision for loss on ICMS credits, a $0.7 million lower loss on the sale and writing-off of obsolete assets, a $0.2 million lower provision for labor indemnities and a $3.6 million lower provision for fines relating to tax contingencies. When compared to the 1Q06, the figure was $3.5 million higher, mainly due to a $0.9 million higher provision for loss on ICMS credits, $0.6 million higher legal fees, a $0.4 million higher provision for labor indemnities, a $0.2 million lower profit on the sale of fixed assets and a $0.5 million reversal in the accounts payable in the 1Q06.

 

 

 

 

 

 

 

The sum of the

This excerpt taken from the ARA 6-K filed Apr 13, 2006.
other net operating expenses in the quarter was $2.0 million, compared to $5.3 million in the same period of last year. Contributions to the reduction came from a $1.4 million lower provision for loss on ICMS credits, a $0.5 million reversal under accounts payable, a $0.3 million lower provision for labor indemnities and a $0.2 million lower provision for fines relating to tax fiscal contingencies. When compared to the 4Q05, the figure was $2.4 million lower, mainly due to a $1.0 million lower provision for labor indemnities, $0.4 million lower losses on the sale of obsolete spare parts and a $0.5 million reversal under accounts payable.

 

The sum of the

This excerpt taken from the ARA 6-K filed Jan 18, 2006.
other net operating expenses in the quarter was $4.4 million, compared to $8.1 million in the same period of the previous year, mainly due to the book loss of $5.1 million on the sale of 2/3 ownership in Aracruz Produtos de Madeira S.A. (APM) and tax credits of $2.0 million, both recorded in the same quarter of last year.

The sum of the

This excerpt taken from the ARA 6-K filed Oct 17, 2005.
other net operating expenses in the quarter was a net income of $4.4 million, compared to a net expense of $6.9 million in the same period of the previous year, mainly due to a $15.5 million lower provision for loss on ICMS credits (there was a credit of $10.1 million during the quarter, as a result of successful negotiations with the tax authorities, pursuant to which the company’s right to offset certain ICMS liabilities with accumulated credits was recognized, thus bringing this pending issue to a definitive conclusion), partially offset by a $3.6 million higher provision for fines relating to tax contingencies.

 

The sum of the

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