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PBR » Topics » a) Consolidated

This excerpt taken from the PBR 6-K filed Nov 19, 2009.

a) Consolidated

    R$ thousand 
   
    Jan-Sep 2009    Jan-Sep 2008 
     
Income for the year before taxes and after employee profit sharing    32.071.371    40.857.688 
     
Income tax and social contribution at statutory rates (34%)   (10.904.266)   (13.891.613)
Adjustments for calculation of the effective rate:         
       • Permanent additions, net    (356.213)   (352.021)
       • Tax incentives    91.422    113.216 
       • Credit resulting from inclusion of interest on shareholders' capital as operating expenses    1.491.593    - 
       • Tax credits of companies abroad in the exploration stage    (39.270)   (157.594)
       • Tax losses    311.459    (104.028)
       • Results of companies abroad not subject to taxation    916.402    305.041 
       • Others    417.027    (113.752)
     
Expense for provision for income tax and social contribution    (8.071.846)   (14.200.751)
     
                 Deferred income tax/social contribution    524.511    (972.732)
                 Current income tax/social contribution    (8.596.357)   (13.228.019)
     
    (8.071.846)   (14.200.751)
     
Effective rate for income tax and social contribution    25,2%    34,8% 
     

This excerpt taken from the PBR 6-K filed Aug 18, 2009.

a) Consolidated

  R$ thousand 
   
  Jan-Jun/2009    Jan-Jun/2008 
     
Income for the year before taxes and after employee profit sharing  20.807.890    26.203.389 
     
Income tax and social contribution at statutory rates (34%) (7.074.683)   (8.909.152)
Adjustments for calculation of the effective rate:       
       • Permanent additions, net  (72.712)   (237.009)
       • Tax incentives  55.014    193.060 
       • Credit resulting from inclusion of interest on shareholders' equity as       
       operating expenses  894.956     
       • Tax credits of companies abroad in the exploration stage  (4.986)   (87.959)
       • Tax losses  324.502    (116.910)
       • Results of companies abroad not subject to taxation  698.505    423.937 
       • Others  140.703    (62.806)
     
Expense for provision for income tax and social contribution  (5.038.701)   (8.796.839)
     
                 Deferred income tax / social contribution  1.203.560    (1.240.398)
                 Current income tax / social contribution  (6.242.261)   (7.556.441)
     
  (5.038.701)   (8.796.839)
     
Effective rate for income tax and social contribution  24,2%    33,6% 
     

This excerpt taken from the PBR 6-K filed Jun 8, 2009.

a) Consolidated

    R$ thousand 
   
    Jan-Mar 2009    Jan-Mar 2008 
     
Income for the year before taxes and after employee profit sharing    9.000.414    11.400.547 
     
Income and social contribution taxes at nominal rates (34%)   (3.060.141)   (3.876.186)
Adjustments for calculation of the effective rate:         
        Permanent additions, net    719    (155.974)
        Tax incentives    8.780    (59.070)
        Tax credits of companies abroad in the exploration stage    (114.560)   (59.070)
        Others    322.628    135.456 
     
Expense for provision for income and social contribution taxes    (2.842.574)   (3.931.047)
     
                 Deferred income tax/social contribution    (452.734)   (702.409)
                 Current income tax/social contribution    (2.389.840)   (3.228.638)
     
    (2.842.574)   (3.931.047)
     
Effective rate for income and social contribution taxes    32%    34% 
     

This excerpt taken from the PBR 6-K filed Mar 31, 2009.

a) Consolidated

        2008    2007 
     
         
Income for the year before taxes and after employee profit sharing    46.860.272    34.527.373 
     
         
Income and social contribution taxes at nominal rates (34%)   (15.932.493)   (11.739.307)
         
Adjustments for calculation of the effective rate:         
             
•     Permanent additions, net    (1.775.554)   (951.411)
             
•     Tax incentives    226.942    224.967 
             
•    Credit due to the inclusion of interest on shareholders’ equity as operating expenses    2.386.549    2.160.685 
             
•    Tax credits in companies abroad in the exploration stage    (1.544.744)   (565.470)
             
•     Other    677.323    (402.222)
     
         
Expense for provision for income and social contribution taxes    (15.961.977)   (11.272.758)
     
         
Deferred income tax/social contribution    (4.769.951)   (477.234)
Current income tax/social contribution    (11.192.026)   (10.795.524)
     
             
        (15.961.977)   (11.272.758)
     
         
Effective rate for income and social contribution taxes    34,1%    32,6% 
     

102

Table of Contents


This excerpt taken from the PBR 6-K filed Nov 12, 2008.

a) Consolidated

    R$ thousand 
   
    Jan-Sep 2008    Jan-Sep 2007 
     
         
Income for the period before taxes and after employee profit sharing    40.446.441    26.828.785 
     
         
Income and social contribution taxes at nominal rates (34%)   (13.751.790)   (9.121.787)
         
Adjustments to determine the effective rate:         
         
   • Permanent additions, net    (387.431)   (383.753)
         
   • Tax incentives    113.216    109.073 
         
   • Credit resulting from inclusion of interest on shareholders’ equity as operating expense        1.491.593 
         
   • Tax credits of companies abroad in the exploration stage    (174.330)   (399.091)
         
   • Other items    31.133    (610.600)
     
         
Expense for provision for income and social contribution taxes    (14.169.202)   (8.914.565)
     
         
Deferred income and social contribution taxes    (852.408)   (501.883)
Current income and social contribution taxes    (13.316.794)   (8.412.682)
     
         
    (14.169.202)   (8.914.565)
     
         
Effective rate of income and social contribution taxes    35,0%    33,2% 
     
This excerpt taken from the PBR 6-K filed Aug 13, 2008.

a) Consolidated

    R$ thousand 
     
    Jan-Jun/2008    Jan-Jun/2007 
       
Income for the period before tax and after profit sharing    24.914.454    17.975.499 
     
Income tax and social contribution at nominal rates (34%)   (8.470.914)   (6.111.670)
Adjustments to determine effective rate:         
•    Permanent additions, net    (224.735)   (127.012)
•    Tax incentives    68.229    57.610 
•    Credits resulting from inclusion of Interest on share capital under operating expenses        745.796 
•    Tax credits of companies abroad in exploratory stage    (74.748)   (254.358)
•    Other    173.734    (446.331)
       
Expense for income tax and social contribution provisions    (8.528.434)   (6.135.965)
     
Deferred income tax and social contribution    (1.058.390)   511.237 
Current income tax and social contribution    (7.470.044)   (6.647.202)
     
        (8.528.434)   (6.135.965)
       
Effective rate of income tax and social contribution    34,2%    34,1% 
     

This excerpt taken from the PBR 6-K filed Mar 4, 2008.

a) Consolidated

    2007   2006
     
Income before taxes and after profit sharing for employees    34.527.373    39.408.624 
     
Income tax and social contribution at nominal rates (34%)   (11.739.307)   (13.398.932)
Adjustments to determine effective rate:         
  • Permanent additions, net 
   (951.411)   (742.983)
  • Tax incentives 
   224.967    303.922 
  • Interest on shareholder’s capital 
   2.160.685    2.161.455 
  • Tax credits of companies abroad in exploratory stage 
   (565.470)   (53.437)
  • Other 
   (402.222)   (166.426)
     
Expense for income tax and social contribution provisions    (11.272.758)   (11.896.401)
     
Deferred income tax and social contribution    (477.234)   (766.329)
Current income tax and social contribution    (10.795.524)   (11.130.072)
     
    (11.272.758)   (11.896.401)
     
Effective rate of income tax and social contribution    32,6%    30,2% 
     

This excerpt taken from the PBR 6-K filed Nov 21, 2007.

Consolidated

    R$ thousand 
   
    JAN-SEP/2007    JAN-SEP/2006 
     
 
Income before tax and after profit sharing for employees    26.828.785    31.965.147 
     
Income tax and social contribution at nominal rates (34%)   (9.121.787)   (10.868.151)
Adjustments to determine effective rate:         
• Permanent additions, net    (324.717)   (509.230)
• Equity pick-up    (61.267)   (149.921)
• Goodwill/Discount Amortization    15.979    13.035 
• Tax incentives    109.073    62.186 
• Prior year income tax and social contribution adjustment   (174.033)   63.548 
• Credit due to inclusion of JSCP as operating expenses    1.491.593    1.491.593 
Other items    (849.406)   (98.271)
     
 
Expense for income tax and social contribution    (8.914.565)   (9.995.211)
     
Deferred income tax and social contribution    (501.883)   541.146 
Current income tax and social contribution    (8.412.682)   (10.536.357)
     
    (8.914.565)   (9.995.211)
     

This excerpt taken from the PBR 6-K filed Aug 21, 2007.

Consolidated

    R$ thousand 
   
    JAN-JUN/2007    JAN-JUN/2006 
     
Income before tax and after profit sharing for employees         
    17.975.499    22.319.218 
     
Income tax and social contribution at nominal rates (34%)   (6.111.670)   (7.588.535)
Adjustments to determine effective rate:         
• Permanent additions, net    (104.422)   (246.779)
• Equity pick-up    (34.819)   (135.376)
• Goodwill/Discount Amortization    12.229    8.995 
• Tax incentives    57.610    27.502 
• Prior year income tax and social contribution         
adjustment    (148.799)   139.985 
• Credit due to inclusion of JSCP as operating expenses    745.796     
• Other items    (551.890)   60.904 
     
 
Expense for income tax and social contribution         
    (6.135.965)   (7.733.304)
     
Deferred income tax and social contribution    511.237    (600.201)
Current income tax and social contribution    (6.647.202)   (7.133.103)
     
    (6.135.965)   (7.733.304)
     

This excerpt taken from the PBR 6-K filed Jun 8, 2007.

Consolidated

    R$ thousand 
   
    JAN-MAR/2007    JAN-MAR/2006 
     
Income before tax and after profit sharing for employees    7.574.776    11.046.951 
     
Income tax and social contribution at nominal rates (34%)   (2.575.424)   (3.755.962)
Adjustments to determine effective rate:         
• Permanent additions, net    (185.875)   (204.608)
• Equity pickup    7.988    (127.475)
• Goodwill/Discount Amortization    5.147    5.371 
• Tax incentives    14.414    5.395 
• Prior year income tax and social contribution adjustment    2.662    247.462 
• Other items    (236.847)   (38.070)
     
Expense for income tax and social contribution    (2.967.935)   (3.867.887)
     
Deferred income tax and social contribution    (105.886)   (774.629)
Current income tax and social contribution    (2.862.049)   (3.093.258)
     
    (2.967.935)   (3.867.887)
     

This excerpt taken from the PBR 6-K filed Nov 17, 2006.

Consolidated

    R$ Thousand 
   
    Jan-Sep/2006    Jan-Sep/2005 
     
Income before taxes/participations    31.965.147    25.729.201 
     
Income tax and social contribution at nominal rates         
(34%)   (10.868.151)   (8.747.928)
Adjustments to determine effective rate:         
• Permanent additions, net    (509.229)   (498.787)
• Equity pickup    (149.921)   (208.769)
• Goodwill/discount amortization    13.035    (12.266)
• Tax incentives    62.186    28.063 
• Adjustments Income tax and social contribution for prior periods    63.548     
• Credit due to the inclusion of interest on capital as  operating expenses    1.491.592    743.639 
• Other    (98.271)   335.813 
     
Provision for income tax and social contribution    (9.995.211)   (8.360.235)
     
Deferred income tax and social contribution    541.146    (1.122.758)
Current income tax and social contribution    (10.536.357)   (7.237.477)
     
    (9.995.211)   (8.360.235)

This excerpt taken from the PBR 6-K filed Aug 25, 2006.

Consolidated

    R$ Thousand 
   
    JAN-JUN/2006   JAN-JUN/2005 
     
Income before taxes/participations         
    22.319.218    16.054.201 
     
Income tax and social contribution at nominal rates         
(34%)   (7.588.535)   (5.458.428)
Adjustments to determine effective rate:         
• Permanent additions, net   (246.779)   (305.645)
• Equity pickup    (135.376)   (74.359)
• Goodwill/discount amortization    8.995    (22.019)
• Tax incentives    27.502    20.060 
• Adjustments IRPJ and CSLL for prior periods    139.985    1.312 
• Credit due to the inclusion of interest on capital as         
       operating expenses    -    745.655 
• Other    60.904    218.157 
     
Provision for income tax and social contribution    (7.733.304)   (4.875.267)
     
Deferred income tax and social contribution    (600.201)   (967.062)
Current income tax and social contribution    (7.133.103)   (3.908.205)
     
    (7.733.304)   (4.875.267)
     

58

This excerpt taken from the PBR 6-K filed Jun 26, 2006.

Consolidated

    R$ Thousand 
   
    JAN-MAR/2006    JAN-MAR/2005 
     
Income before taxes and Employee’s participation         
    11,046,951    7,812,234 
     
Income tax and social contribution at nominal rates (34%)   (3,755,962)   (2,656,160)
Adjustments to determine effective rate:         
• Permanent additions, net    (167,417)   (182,886)
• Equity pickup    (127,475)   32,181 
• Goodwill/discount amortization    5,371    (13,404)
• Credits reversion above ten years    (37,192)   - 
• Tax incentives    5,395    5,490 
• Adjustments IRPJ and CSLL for prior periods    247,462    - 
• Other    (38,070)   7,279 
     
 
Provision for income tax and social contribution    (3,867,887)   (2,807,500)
     
         
   Deferred income tax and social contribution    (774,629)   (535,530)
   Current income tax and social contribution    (3,093,258)   (2,271,970)
     
    (3,867,887)   (2,807,500)
     
 

53

This excerpt taken from the PBR 6-K filed Aug 19, 2005.

Consolidated

    R$ Thousand 
   
    JAN-JUN/2005    JAN-JUN/2004 
     
Income before taxes         
   Employee’s participation    16.195.631    11.725.053 
         
     
Income tax and social contribution at         
   nominal rates (34%)   (5.506.515)   (3.986.517)
         
Adjustments to determine effective rate:         
         
•        Permanent additions, net    (305.645)   (383.061)
•        Equity pickup    (74.359)   159.906 
•        Credit due to inclusion of JSCP as operating         
         expense    745.655     
•        Amortization of goodwill/discount    (22.019)   (4.405)
•        Reversal of credits above ten years    (31.654)   (161.147)
•        Tax incentives    20.060    11.393 
•        Adjustment of prior years income and social         
           contribution taxes    1.312    43.210 
•        Tax losses not recorded in the year        4.420 
•        Reversal of income from foreign operations, net    12.949    (43.569)
•        Other items    249.149    (5.178)
     
         
   Provision for income tax and social         
     Contribution    (4.911.067)   (4.364.948)
     
         
 Deferred income tax and social contribution    (1.002.861)   (1.078.384)
 Current income tax and social contribution    (3.908.206)   (3.286.564)
     
    (4.911.067)   (4.364.948)
     

54

EXCERPTS ON THIS PAGE:

6-K
Nov 19, 2009
6-K
Aug 18, 2009
6-K
Jun 8, 2009
6-K
Mar 31, 2009
6-K
Nov 12, 2008
6-K
Aug 13, 2008
6-K
Mar 4, 2008
6-K
Nov 21, 2007
6-K
Aug 21, 2007
6-K
Jun 8, 2007
6-K
Nov 17, 2006
6-K
Aug 25, 2006
6-K
Jun 26, 2006
6-K
Aug 19, 2005

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