|(R$ millions)||US$ millions|
|Current assets||Prepaid taxes||2.1||1.1|
|Current assets||Escrow received||1.0||0.5|
|Current liabilities||Taxes due||3.5||1.9|
|Non-current assets||Deferred taxes||3.5||1.9|
|Long-term Liabilities||Taxes payable||7.1||3.3|
Lakeland Industries, Inc. (NASDAQ: LAKE) today announced financial results for its first quarter fiscal year 2011 ended April 30, 2010. Financial Results Highlights and Recent Company Developments
There is an additional exposure for 2007-2009 in the amount of approximately $3.3 million. Lakeland intends to apply for amnesty and make any necessary payments upon the forthcoming amnesty periods imposed by the local Brazilian authorities.