PBR » Topics » Consolidated Results by International Business Area

This excerpt taken from the PBR 6-K filed Mar 24, 2009.

Consolidated Results by International Business Area

    R$ MILLION  
INTERNATIONAL 
 
    E&P    SUPPLY    GAS 

ENERGY 
  DISTRIB.    CORPOR.    ELIMIN.    TOTAL 
 
ASSETS (09.30.2008)   19,688    7,721    2,816    881    3,192    (4,801)   29,497 
               
Income Statement - 2007                             
Net Operating Revenues    4,638    12,999    1,900    3,654    25    (3,826)   19,390 
               
   Intersegments    2,589    2,818    372    41      (3,826)   1,994 
   Third Parties    2,049    10,181    1,528    3,613    25      17,396 
Operating Profit (Loss)   (55)   178    476    (96)   (583)   (26)   (106)
Net Income (Loss)   (777)   245    326    (71)   (720)   (26)   (1,023)
 
ASSETS (21.31.2007)   14,987    4,636    2,378    819    2,543    (2,957)   22,406 
               

34


PETROBRAS SYSTEM    Appendices   
1 
 

This excerpt taken from the PBR 6-K filed Mar 9, 2009.

Consolidated Results by International Business Area

    R$ MILLION  
INTERNATIONAL 
 
    E&P    SUPPLY    GAS 

ENERGY 
  DISTRIB.    CORPOR.    ELIMIN.    TOTAL 
 
ASSETS (09.30.2008)   19,688    7,721    2,816    881    3,192    (4,801)   29,497 
               
Income Statement - 2007                             
Net Operating Revenues    4,638    12,999    1,900    3,654    25    (3,826)   19,390 
               
   Intersegments    2,589    2,818    372    41      (3,826)   1,994 
   Third Parties    2,049    10,181    1,528    3,613    25      17,396 
Operating Profit (Loss)   (55)   178    476    (96)   (583)   (26)   (106)
Net Income (Loss)   (777)   245    326    (71)   (720)   (26)   (1,023)
 
ASSETS (21.31.2007)   14,987    4,636    2,378    819    2,543    (2,957)   22,406 
               

34


PETROBRAS SYSTEM    Appendices   
1 
 

This excerpt taken from the PBR 6-K filed Aug 13, 2008.

Consolidated Results – International Business Area

    R$ MILLION
INTERNATIONAL
                             
    E&P   SUPPLY    GAS
&
ENERGY
  DISTRIB.    CORPOR.    ELIMIN.    TOTAL 
ASSETS - (03.31.2008)   15,949    4,835    2,430    713    3,050    (3,967)   23,010 
               
               
Income Statement - (1H-2007)                            
Net Operating Revenues    2,402    6,233    1,127    1,780    25    (2,050)   9,517 
               
   Intersegments    1,664    1,389    201    13      (2,050)   1,217 
   Third Parties    738    4,844    926    1,767    25      8,300 
Operating Profit (Loss)   135    206    305    (29)   (282)   11    346 
Net Income (Loss)   (95)   161    211    (23)   (291)   11    (26)

30


PETROBRAS SYSTEM  Appendices
     

This excerpt taken from the PBR 6-K filed May 27, 2008.

Consolidated Results – International Business Area

    R$ MILLION 
    INTERNATIONAL 
                             
            GAS                
            &                
    E&P    SUPPLY    ENERGY   DISTR.   CORPOR.   ELIMIN.   TOTAL
INTERNATIONAL AREA                             
ASSETS (12.31.2007)   14,987    4,636    2,378    819    2,543    (2,957)   22,406 
               
Income Statement - 1Q 2007                             
Net Operating Revenues    1,211    2,975    634    890    15    (1,054)   4,671 
               
   Intersegments    914    706    99        (1,054)   668 
   Third Parties    297    2,269    535    887    15      4,003 
Operating Profit (Loss)   (153)   (74)   195    21    (169)   24    (156)
Net Income (Loss)   (239)   (38)   144    17    (169)   24    (261)

(1) Expenditure related to the training of new Petrobras employees is now allocated in line with the area of each employee and is no longer wholly allocated to corporate administrative expenses. In order to maintain comparability between the periods, we are presenting the previous statements in accordance with the new criteria above.

31



PETROBRAS SYSTEM  Appendices 
1
     
This excerpt taken from the PBR 6-K filed Mar 7, 2008.

Consolidated Results – International Business Area

    R$ MILLION 
INTERNATIONAL 
   
                             
            GAS                 
    E&P    SUPPLY      DISTRIB.    CORPOR.    ELIMIN.    TOTAL 
            ENERGY                 
INTERNATIONAL AREA                             
ASSETS (09.30.2007)   17,066    4,472    4,160    783    3,771    (6,864)   23,388 
               
Income Statement (1) - 2006                             
                             
Net Operating Revenues    5,424    7,493    2,618    3,202    56    (4,701)   14,092 
               
   Intersegments    3,916    3,107    424    14      (4,701)   2,760 
   Third Parties    1,508    4,386    2,194    3,188    56      11,332 
                             
Operating Profit (Loss)   1,372    40    554    (205)   (551)   22    1,232 
                             
Net Income (Loss)   396    32    249    (60)   (279)   12    350 
                             
ASSETS (12.31.2006)   16,351    4,967    4,483    749    2,072    (4,909)   23,713 
               

(1) Expenditure related to the training of new Petrobras employees is now allocated in line with the area of each employee and is no longer wholly allocated to corporate administrative expenses. In order to maintain comparability between the periods, we are presenting the previous statements in accordance with the new criteria above.

32


PETROBRAS SYSTEM  Appendices
1
     

This excerpt taken from the PBR 6-K filed Nov 13, 2007.

Consolidated Results – International Business Area

  R$ MILLION 
INTERNATIONAL 
 
 
          GAS                 
  E&P    SUPPLY      DISTRIB.    CORPOR.    ELIMIN.    TOTAL 
          ENERGY                 
INTERNATIONAL AREA                           
ASSETS (06.30.2007) 17.151    4.573    4.358    706    2.296    (5.336)   23.748 
               
               
Income Statement (1) - (Jan-Sep/2006)                          
Net Operating Revenues  4.223    4.341    1.974    2.301    40    (3.588)   9.291 
               
   Intersegments  2.946    2.385    330    13      (3.588)   2.086 
   Third Parties  1.277    1.956    1.644    2.288    40      7.205 
Operating Profit (Loss) 1.330    196    422    (197)   (388)   (28)   1.335 
Net Income (Loss) 605    99    244    (72)   (261)   (18)   597 

(1) Expenditure related to the training of new Petrobras employees is now allocated in line with the area of each employee and is no longer wholly allocated to corporate administrative expenses. In order to maintain comparability between the periods, we are presenting the previous statements in accordance with the new criteria above.

29


PETROBRAS SYSTEM  Appendices 
     

This excerpt taken from the PBR 6-K filed Aug 15, 2007.

Consolidated Results – International Business Area

    R$ MILLION 
INTERNATIONAL
     
    E&P    SUPPLY    GAS
&
ENERGY
  DISTRIBUTION    CORPOR.    ELIMIN.    TOTAL 
INTERNATIONAL AREA                             
ASSETS - (03.31.2007)   17.221    5.034    4.565    749    2.155    (5.290)   24.434 
               
               
                             
Income Statement - (1H-2006)                            
Net Operating Revenues    2.692    2.802    1.248    1.418    23    (2.349)   5.834 
               
   Intersegments    1.855    1.636    200        (2.349)   1.347 
   Third Parties    837    1.166    1.048    1.413    23      4.487 
Operating Profit (Loss)   928    152    292    (126)   (271)   28    1.003 
Net Income (Loss)   497    85    172    (53)   (229)   19    491 

(1) Expenditure related to the training of new Petrobras employees is now allocated in line with the area of each employee and are no longer wholly allocated to corporate administrative expenses. In order to maintain comparability between the periods, we are presenting the previous statements in accordance with the new criteria above.

29


PETROBRAS SYSTEM  Appendices
     

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

Consolidated Results – International Business Area

    R$ MILLION 
INTERNATIONAL
     
    E&P    SUPPLY    GAS
&
ENERGY
  DISTRIBUTION    CORPOR.    ELIMIN.    TOTAL 
                             
INTERNATIONAL AREA                             
ASSETS (12.31.2006)   16.351    4.967    4.483    749    2.072    (4.909)   23.713 
               
               
Income Statement (03.31.2006)                            
Net Operating Revenues    1.345    1.309    622    582    1    (1.080)   2.779 
               
   Intersegments    869    798    109        (1.080)   700 
   Third Parties    476    511    513    578        2.079 
Operating Profit (Loss)   414    45    140    (37)   (124)   59    497 
Net Income (Loss)   198    22    79    (15)   (86)   38    236 

This excerpt taken from the PBR 6-K filed May 23, 2007.

Consolidated Results – International Business Area

    R$ MILLION 
INTERNATIONAL
     
    E&P    SUPPLY    GAS
&
ENERGY
  DISTRIBUTION    CORPOR.    ELIMIN.    TOTAL 
                             
INTERNATIONAL AREA                             
ASSETS (12.31.2006)   16.351    4.967    4.483    749    2.072    (4.909)   23.713 
               
               
Income Statement (03.31.2006)                            
Net Operating Revenues    1.345    1.309    622    582    1    (1.080)   2.779 
               
   Intersegments    869    798    109        (1.080)   700 
   Third Parties    476    511    513    578        2.079 
Operating Profit (Loss)   414    45    140    (37)   (124)   59    497 
Net Income (Loss)   198    22    79    (15)   (86)   38    236 

28


PETROBRAS SYSTEM  Appendices
     

This excerpt taken from the PBR 6-K filed Mar 12, 2007.

Consolidated Results – International Business Area

    R$ MILLION 
INTERNATIONAL
    INTERNATIONAL 
    E&P    SUPPLY    G&E    DISTRIBUTION    CORPOR.    ELIMIN.    TOTAL 
INTERNATIONAL AREA                             
ASSETS (09.30.2006)   14.856    4.062    4.375    723    1.367    (3.903)   21.480 
               
Income Statement (12.31.2005)                            
Net Operating Revenues    5.583    5.399    2.296    2.486    51    (4.347)   11.468 
               
   Intersegments    3.399    2.915    390        (4.347)   2.365 
   Third Parties    2.184    2.484    1.906    2.478    51      9.103 
Operating Income (Loss)   2.175    187    370    (21)   (575)   51    2.187 
Net Income (Loss)   1.400    99    279    (7)   (358)   37    1.450 
ASSETS (12.31.2005)   14.311    3.143    4.081    455    5.594    (8.058)   19.526 
               

In order to aligning the financial statements per business segment and adopting the best corporate practices used by Oil and Gas companies and to better present PETROBRAS’ businesses starting 1Q06 the Company allocated all its financial results and patrimonial accounts of financial nature to the corporate level. As a result of this change, the income tax, social contribution share and minority interest lines were also adjusted.

In order to facilitating comparisons, we present business segments financial statements for prior period with the new classification.

28


PETROBRAS SYSTEM  Appendices
     
This excerpt taken from the PBR 6-K filed Aug 14, 2006.

Consolidated Results – International Business Area

    R$ Million
INTERNATIONAL
                         
    E&P    SUPPLY    G&E    DISTRIBUTION    CORPOR.    ELIMIN.    TOTAL 
INTERNATIONAL AREA                            
                             
ASSETS (03/31/2006)   13,777    2,896    3,911    458    1,024    (3,346)   18,720 
               
                             
Income Statement (1H-2006)                            
                             
Net Operating Revenues    2,642    2,664    1,084    1,233    3    (2,179)   5,447 
               
   Intersegments    1,541    1,473    161        (2,179)   999 
   Third Parties    1,101    1,191    923    1,230        4,448 
                             
Operating Profit (Loss)   1,204    139    205    (42)   (251)   (7)   1,248 
                             
Net Income (Loss)   722    68    157    (19)   (66)   (4)   858 

In order to align the financial statement of each business segment with the best practices of companies in the Oil & Gas sector and to improve the understanding of Petrobras management, starting in the 1Q-2006, the Company switched to allocating all financial results and items of financial nature to the corporate level. As a result of this change, the income tax, employee profit share and minority interest line items were adjusted.

To facilitate comparisons, we have presented segmented financial statements for prior periods in accordance with new criteria.

29


PETROBRAS SYSTEM  Appendices 


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