Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (SBS)

SBS » Topics » Non-Operating expenses, net

This excerpt taken from the SBS 20-F filed Jul 11, 2008.

Non-Operating expenses, net

Non-operating expenses, net 2007 decreased by R$15.7 million, or 30.9%, to R$35.2 million, from R$50.9 million in 2006.

The decrease in non-operating expenses, net was primarily due to:

  • an increase of R$ 22.6 million, or 38.4%, in losses related to the disposal of obsolete assets; and
  • a decrease of R$34.7 million related to the recognition of amounts that are no longer required to be paid back to customers (prescribed).
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