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STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
DECEMBER 31, 2013 AND 2012
(STATED IN UNITED STATES DOLLAR´S THOUSANDS)
Variation
2013
2012
Absolute
Relative
SALES
3.232.363 3.116.217
116.146
3,73%
COST OF SALES
-‐2.979.431 -‐2.924.181
-‐55.250
1,89%
GROSS PROFIT
252.932
192.036
60.897
31,71%
OPERATING EXPENSES
-‐200.986
-‐179.638
-‐21.348
11,88%
OPERATING PROFIT
51.946
12.397
39.549
319,01%
OTHER
INCOME
(EXPENSES):
Sale of
services
316
291
25
8,52%
Financial expenses
-‐5.198
-‐6.909
1.711
-‐24,76%
Financial
income
2.711
2.865
-‐155
-‐5,40%
Penalties and
interest
for assessment notices
-‐17.919
-‐17.919
100,00%
Other expenses
-‐ net
-‐9.674
-‐6.829
-‐2.845
41,66%
PROFIT BEFORE
INCOME TAX
22.181
1.816
20.365 1121,31%
DEFERRED
INCOME TAX
803
2.284
-‐1.481
-‐64,85%
ASSESSMENT NOTICE
-‐36.371
-‐36.371
100,00%
INCOME TAX
-‐2.614
2.614 -‐100,00%
NET PROFIT
-‐13.387
1.486
-‐14.873 -‐1001,04%
OTHER COMPREHENSIVE
INCOME:
Foreing
currency
translation adjustment
9.438
1.894
7.545
398,43%
Effect
from assets'
revaluation
891
1.181
-‐290
-‐24,57%
COMPREHENSIVE
INCOME OF THE YEAR
-‐3.058
4.561
-‐7.618 -‐167,04%
72
Annual Report 2013 www.recope.com