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Votorantim Celulose e Papel SA (VCP)
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VCP » Topics » Investments - Goodwill on the acquisition of shares

This excerpt taken from the VCP 6-K filed Jul 29, 2009.

Investments - Goodwill on the acquisition of shares

 

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Nature of balance: regarding goodwill created in the Veracel Celulose S.A. acquisition transactions.

 

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Adjustment criteria: balances were considered null, as they have no market value or their realization/sale is improbable. In general they refer to expenditures already realized and not incurred in accounting terms the amortization of which is being performed gradually.

 

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Amount of Adjustment:

 

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Reduction of nine million, seven hundred and forty-two thousand reais (R$ 9,742 thousand) in the goodwill account of Aracruz.

 

   
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5. Appraisal of shareholder’s equity at market prices (cont’d)   

Free translation of the

original document in  

Portuguese        

 

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