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

SBS » Topics » 14. PROFIT SHARING

This excerpt taken from the SBS 6-K filed Jun 25, 2009.

14. PROFIT SHARING

In the quarter ended March 31, 2009 R$13,304 was accrued, which is recorded under payroll and related charges, in current liabilities, related to the period from January to December 2009, based on the attainment of goals set during negotiations between the Company and entities representing the employees.

This excerpt taken from the SBS 6-K filed Aug 21, 2008.

12. PROFIT SHARING

In the quarter ended March 31, 2008 R$12,838 was accrued, which is recorded under payroll and related charges, in current liabilities, related to the period from January to December 2008, based on the attainment of goals set during negotiations between the Company and entities representing the employees.

This excerpt taken from the SBS 6-K filed Jan 8, 2008.

12. PROFIT SHARING

Based on the negotiations performed in May 2007 between the Company and the entities representing the functional class, the Profit Sharing Plan was agreed upon, considering the period from January to December, 2007, with the distribution of the amount corresponding up to one payroll, according to the results achieved, with payment expected to 2008.

In the semester ended on September 30, 2007 the amount of R$ 42,511 was accrued in the line item “Salaries and Payroll Charges”, in current liabilities, referring to six months of the period from January to December, 2007.

This excerpt taken from the SBS 6-K filed Sep 4, 2007.

12. PROFIT SHARING

Based on the negotiations which took place in May 2007 between the Company and the entities representing the functional class, the Profit Sharing Plan was agreed upon, considering the period from January to December 2007, with the distribution of the amount corresponding to up to one payroll, according to the results achieved, with payment expected to 2008.

In the semester ended on June 30, 2007 the amount of R$ 28,529 was accrued in the line item “Salaries and Payroll Charges”, in current liabilities, referring to six months of the period from January to December, 2007.

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This excerpt taken from the SBS 6-K filed Jun 6, 2007.

14. PROFIT SHARING

As of 2006, the period of target evaluation was changed from June to July to January to December, with distribution of the corresponding amount of up to one payroll value, upon achievement of targets set in negotiations between the Company and the entities representing the functional classes.

In the quarter ended on March 31, 2007 the amount of R$ 13,804 was provisioned, which is recorded in the “Salaries and Wages” item, in current liabilities, referring to the period from January to December, 2007. Still in this period, payments occurred, in the amount of R$ 53,875 referring to the year of 2006.

This excerpt taken from the SBS 6-K filed Apr 18, 2006.

Profit Sharing

2005/2006 profit sharing is an integral part of the Collective Bargaining Agreement and represents one payroll distributed according to achieved goals.

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