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Braskem SA (BAK)
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BAK » Topics » 6 Other investments

This excerpt taken from the BAK 20-F filed Jun 30, 2008.

5 Other Investments

    2007    2006 
     
 
Current assets         
     Fair market value of derivative instruments    114.6    27.6 
     Government securities issued abroad    -    311.1 
     Investment funds    134.1    63.9 
     Subordinated quotas of investment fund - credit rights         
         and other    -    11.3 
     
 
    248.7    413.9 
     
 
Long-term receivables         
     Investment funds    118.1    - 
     Other    1.7    1.6 
     
 
    119.8    1.6 
     
 
Total    368.5    415.5 
     

F-36

Table of Contents

Braskem S.A. and Its Subsidiaries 
 
Notes to the Consolidated Financial Statements 
at December 31, 2007, 2006 and 2005 
All amounts in millions of reais, unless otherwise indicated 
 

The Company's investments comprise a portfolio of domestic and foreign investment funds, the risk of which is regularly reassessed by the Company, all of which are recorded at fair value and are considered trading investments.

This excerpt taken from the BAK 20-F filed Jun 23, 2006.

6  Other investments

 

     2005
    2004

Current assets

          

Subordinated quotas of investment fund – credit rights

    3.9    4.7

Fair market value of derivative instruments

    19.8    —  

Investment and other funds

    122.1    16.9
    
  
     145.8    21.6
    
  

Long-term receivables

          

Shares of associated company held for sale

    —      22.1

Debentures with share in profit

    —      7.2

Subordinated quotas of investment fund—credit rights

    —      3.1

Securitization reserve

    —      25.0

FINOR and other securities

    0.3    4.6
    
  
     0.3    62.0
    
  

Total

    146.1    83.6
    
  

 

The Company’s investment funds comprise a portfolio of foreign investment funds, the risk of which is regularly reassessed by the Company. These funds are recorded at realizable value.

 

F-26

Table of Contents

Braskem S.A. and its Subsidiaries

 

Notes to the Consolidated Financial Statements—(Continued)

at December 31, 2005, 2004 and 2003

All amounts in millions of reais, unless otherwise indicated

 

As of December 31, 2004, associated company shares for sale were equal to the net book value of shares issued by Borealis Brasil S.A. (“Borealis”), representing 20% of its total capital. In June 2005, the investment balance was transferred to “Associated companies” in permanent assets, as the original decision to sell such shares was revoked.

 

EXCERPTS ON THIS PAGE:

20-F
Jun 30, 2008
20-F
Jun 23, 2006

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