DGIC

AcronymDefinition
DGICDirectorate General for International Cooperation (Belgium)
DGICDirección General de Investigaciones Criminalisticas (Spanish: Criminal Investigation Division; Honduran police)
References in periodicals archive ?
Due to the reverse acquisition accounting for the Dreyer's Nestle Transaction, the operating results of the company presented for the first quarter of 2004 are not directly comparable with the results of either NICC or DGIC for the corresponding prior year period.
Because the company's results for the quarter ended March 27, 2004 include the operations of DGIC following the combination, these results are not directly comparable with those presented for the prior year period.
The increase in total net revenues for the first quarter of 2004 was primarily due to an increase in net sales of $212,167,000, or 186 percent, driven largely by DGIC products acquired in the Dreyer's Nestle Transaction.
The increase in expenses in 2003 over those in 2002 was primarily driven by the addition of selling, general and administrative expenses from DGIC operations as a result of the Dreyer's Nestle Transaction.
Interest expense increased by $2,270,000, or 124 percent, to $4,103,000 for 2003 from $1,833,000 for 2002, primarily due to the increased borrowing associated with the addition of DGIC operations, partially offset by lower interest rates.
The Consolidated Balance Sheet for the company as of December 27, 2003 reflects the addition of the DGIC business at its fair value to the NICC balance sheet on June 26, 2003, the date of the Dreyer's Nestle Transaction.
Because the DGICH results for the quarter and three quarters ended September 27, 2003 include the addition of DGIC operations following the combination on June 26, 2003, these results are not directly comparable with those presented for the prior year periods.
For the next three quarterly periods until the third quarter of 2004, DGICH will continue to report quarterly and year-to-date figures for its operations reflecting the combination of NICC and DGIC compared to results of stand-alone NICC in the corresponding prior year periods.
The increase in total net revenues in the quarter was primarily due to an increase in net sales of $312,971,000, or 173 percent, driven largely by DGIC operations acquired in the Dreyer's Nestle Transaction.
The increase in expenses in the quarter from 2002 was primarily driven by the addition of selling, general and administrative expenses from DGIC operations as a result of the Dreyer's Nestle Transaction.
Interest expense increased by $1,362,000, or 263 percent, to $1,880,000 for the quarter from $518,000 for the same period last year, primarily due to the increased borrowing with the addition of DGIC operations, somewhat offset by lower interest rates.
Net sales of the company's branded products increased $322,223,000, or 57%, for the year to $882,944,000 driven primarily by the addition of the DGIC company brand portfolio.