This excerpt taken from the BAK 20-F filed Jun 30, 2008.
5 Other Investments
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
The Companys 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.
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balance was transferred to Associated companies in permanent assets, as the original decision to sell such shares was revoked.