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PBR » Topics » Consolidated Financial Results

This excerpt taken from the PBR 6-K filed Nov 14, 2005.

Consolidated Financial Results

R$ Million
    Third Quarter        Jan - Sep
2Q-2005 (1)   2005 (1)   2004 (2)       2005 (1)   2004 (2)
 
42.646    46.555    40.575    Gross Operating Revenues    128.999    110.876 
(10.287)   (10.844)   (10.405)   Sales Deductions    (31.032)   (29.489)
           
32.359    35.711    30.170    Net Operating Revenues    97.967    81.387 
(17.939)   (20.601)   (17.387)      Cost of Goods Sold    (55.050)   (47.107)
           
14.420    15.110    12.783    Gross Profit    42.917    34.280 
            Operating Expenses         
(1.251)   (1.247)   (1.510)      Sales    (3.768)   (3.465)
(1.261)   (1.322)   (1.040)      General & Administrative    (3.823)   (2.970)
(341)   (386)   (651)      Cost of Prospecting, Drilling & Lifting    (970)   (1.276)
(222)   (248)   (191)      Research & Development    (664)   (509)
(199)   (202)   (218)      Taxes    (620)   (1.026)
(1.570)   (1.075)   (1.272)      Other    (4.055)   (3.086)
               Net Financial Expenses         
(81)   (132)   (64)           Income    62    1.396 
(1.063)   (1.065)   (952)           Expenses    (3.480)   (3.910)
(499)   (1.783)   (226)           Monetary & FX Correction - Assets    (2.169)   451 
1.013    1.962    1.272            Monetary & FX Correction - Liabilities    2.866    (547)
           
(630)   (1.018)   30        (2.721)   (2.610)
           
(5.474)   (5.498)   (4.852)       (16.621)   (14.942)
(484)   (259)   (332)   Gains from Investments in Subsidiaries    (542)   125 
           
8.462    9.353    7.599    Operating Profit    25.754    19.463 
(79)   14    24    Non-Operating Income (Expenses)   (192)   (115)
(2.103)   (3.481)   (1.307)   Income Tax & Social Contribution    (8.392)   (5.672)
(1.350)   (254)   (757)   Minority Interest    (1.587)   (1.026)
           
4.930    5.632    5.559    Net Income    15.583    12.650 
           

(1)   As of 1.1.2005, the Special Purpose Entities, whose activities are directly or indirectly by PETROBRAS, were included in the Consolidated  Financial Statements, as per CVM Instruction No. 408/2004. 
(2)   To facilitate comparability, the Special Purpose Companies were also included in the financial statements of 3Q-2004, and in the accumulated period Jan-Sept. 2004.

Some values related to prior periods were reclassified for the purpose of aligning the financial statements to the current period, thus facilitating comparability. 

16

This excerpt taken from the PBR 6-K filed May 16, 2005.

Consolidated Financial Results

R$ Million 
   
Jan-Mar 
4Q-2004 (2) 
2005 (1)
2004 (2)
 
40,034   Gross Operating Revenues  39,798   32,654  
(10,980)  Sales Deductions  (10,881)  (9,442) 
29,054   Net Operating Revenues  28,917   23,212  
(16,455)      Cost of Goods Sold  (15,562)  (12,844) 
12,599   Gross Profit  13,355   10,368  
  Operating Expenses     
(1,504)      Sales  (1,270)  (911) 
(1,248) 
    General & Administrative 
(1,231)  (883) 
(699)      Cost of Prospecting, Drilling & Lifting  (243)  (372) 
(187)      Research & Development  (194)  (138) 
(223)      Taxes  (218)  (285) 
(164)      Other  (1,410)  (687) 
      Net Financial Expenses     
(591)          Income  246   464  
(1,001)          Expenses  (1,415)  (1,308) 
(27)          Monetary & FX Correction - Assets  108   3  
952           Monetary & FX Correction - Liabilities  5   (123) 
(667)    (1,056)  (964) 
(4,692)    (5,622)  (4,240) 
(270)  Equity Income  201   143  
7,637   Operating Profit  7,934   6,271  
(224)  Non-operating Income (Expenses)  (126)  (49) 
(1,423)  Income Tax & Social Contribution  (2,803)  (2,312) 
(762)  Minority Interest  16   (117) 
(783)  Employee Profit-Sharing Plan 
-  
-  
4,445   Net Income  5,021   3,793  

(1)  
As of January 1, 2005, the Special Purpose Companies whose activities are directly or indirectly controlled by Petrobras were included in the Consolidated Financial Statements, as per CVM Instruction No. 408/2004.

(2)  
To facilitate comparability, Special Purpose Companies were also included in the financial statements of 1Q-2004 and 4Q-2004.

EXCERPTS ON THIS PAGE:

6-K
Nov 14, 2005
6-K
May 16, 2005

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