Basic HTML Version
76
RECOPEANNUALREPORT2014
Company
data
The accompanying notes are an integral part of these financial statements .
Notes
2014
2013
SALES
1u
US$ 3.173.307.399,00
US$
3.232.363.172,00
COST OF SALES
1v
(2.908.992.988,00)
(2.979.430.780,00)
GROSS PROFIT
264.314.411,00
252.932.392,00
OPERATING EXPENSES
1x, 19
(196.573.007,00)
(200.986.317,00)
OPERATING PROFIT
67.741.404,00
51.946.075,00
OTHER INCOME (EXPENSES):
Sale of services
330.146,00
316.024,00
Financial expenses
(11.736.501,00)
(5.197.727,00)
Financial income
1.705.403,00
2.710.533,00
Penalties and interest for assessment
notices
14
(5.367.089,00)
(17.919.416,00)
Other expenses - net
(15.434.023,00)
(9.674.310,00)
PROFIT BEFORE INCOME TAX
37.239.340,00
22.181.179,00
DEFERRED INCOME TAX
1l, 14
4.857.545,00
802.763,00
ASSESSMENT NOTICE
1l, 14
(9.850.488,00)
(36.370.896,00)
NET PROFIT (LOSS)
32.246.397,00
(13.386.954,00)
OTHER COMPREHENSIVE (LOSS)
INCOME:
Foreign currency translation adjustment
1b
(48.731.685,00)
9.438.264,00
Effect from assets’ revaluation
1s
891.055,00
COMPREHENSIVE LOSS OF THE YEAR
US$ (16.485.288,00)
US$
(3.057.635,00)
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2014 AND 2013
(Expressed in United States Dollars)
Financial situation 2014