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PBR » Topics » Consolidated Statement of Added Value

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

Consolidated Statement of Added Value

    R$ million 
    Jan-Sep 
    2005 (1)   2004 (2)
Description         
Sales of Products and Services and Non-Operating Revenues    129.262    110.389 
Raw Materials Used    (4.074)   (4.981)
Products for Resale    (20.364)   (23.130)
Materials, Energy, Services & Others    (15.782)   (11.633)
     
Added Value Generated    89.042    70.645 
 
Depreciation & Amortization    (5.764)   (4.858)
Participation in Related Companies, Goodwill & Negative Goodwill    (542)   125 
Financial Result    (2.107)   1.848 
Rent and Royalties    374    281 
     
Total Distributable Added Value    81.003    68.041 
 
Distribution of Added Value         
Personnel         
Salaries, Benefits and Charges    6.089    4.699 
     
    6.089    4.699 
     
Government Entities         
Taxes, Fees and Contributions    36.483    33.898 
Government Take    10.463    7.991 
     
    46.946    41.889 
     
Financial Institutions and Suppliers         
Financial Expenses, Interest, Rent & Freight    10.798    7.777 
     
 
Shareholders         
     Dividends / Interest on Own Capital    2.193    3.290 
     Retained Earnings    13.390    9.360 
     
    15.583    12.650 
     Minority Interest    1.587    1.026 
     
    17.170    13.676 
     

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 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.

19

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

Consolidated Statement of Added Value

    R$ Million 
    First Half 
    2005 (1)   2004 (2)
Description         
Sales of Products and Services and Non-operating Revenues    82.506    70.149 
Raw Materials Used    (5.664)   (6.451)
Products for Resale    (7.650)   (10.593)
Materials, Energy, Services & Others    (11.425)   (7.200)
     
Added Value Generated    57.767    45.905 
 
Depreciation & Amortization    (3.906)   (3.211)
Participation in Related Companies, Goodwill & Negative Goodwill    (283)   457 
Financial Result    (192)   2.137 
Rent and Royalties    255    194 
     
Total Distributable Value Added    53.641    45.482 
 
Distribution of Added Value         
Personnel         
Salaries, Benefits and Charges    4.119    2.960 
     
    4.119    2.960 
     
Government Entities         
Taxes, Fees and Contributions    23.265    22.844 
Government Take    6.441    4.971 
     
    29.706    27.815 
     
Financial Institutions and Suppliers         
Financial Expenses, Interest, Rent & Freight    8.532    7.347 
     
 
Shareholders         
     Dividends / Interest on Own Capital    2.193    - 
     Retained Earnings    7.758    7.091 
     
    9.951    7.091 
     Minority Interest    1.333    269 
     
    11.284    7.360 
     

(1)      As of January 1, 2005, the Special Purpose Entities, whose activities are directly or indirectly controlled by Petrobras, are included in the Consolidated Financial Statements, as per CVM Instruction Number 408/2004.
(3)      To facilitate comparability, the Special Purpose Entities were also included in the 1H-2004 financial statements.
 

Some values related to previous periods were reclassified for purposes of comparability to the financial statements of the current period.

18


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

Consolidated Statement of Added Value

  R$ Million 
  Jan-Mar 
 
2005 (1) 
2004 (2) 
Description     
Sales of Products and Services and Non-operating Revenues  39,793   32,657  
Raw Materials Used  (2,654)  (3,126) 
Products for Resale  (3,950)  (3,088) 
Materials, Energy, Services & Others  (4,787)  (3,911) 
Added Value Generated  28,402   22,532  
 
Depreciation & Amortization  (1,659)  (1,412) 
Participation in Related Companies, Goodwill & Negative Goodwill  201   143  
Financial Result  354   467  
Total Distributable Value Added  27,298   21,730  
 
Distribution of Added Value     
Personnel     
Salaries, Benefits and Charges  2,189   1,615  
Government Entities     
Taxes, Fees and Contributions  12,746   11,325  
Government Participation  3,040   2,301  
  15,786   13,626  
Financial Institutions and Suppliers     
Financial Expenses, Interest, Rent & Freight  4,318   2,579  
 
Shareholders     
    Dividends 
5,021   3,793  
  5,021   3,793  
        Minority Interest 
(16)  117  
  5,005   3,910  

(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.
This excerpt taken from the PBR 6-K filed Mar 11, 2005.

Consolidated Statement of Added Value

  R$ Million
  Fiscal Year
  2004  2003 
Description
Gross Operating Revenues from Sales & Services 150,379  131,907 
Raw Materials Used (4,823) (6,683)
Products for Resale (28,694) (18,044)
Materials, Energy, Services & Others (15,088) (20,937)
 
Value Added Generated 101,774  86,243 
 
Depreciation & Amortization (6,171) (5,082)
Participation in Associated Companies (72) (1,009)
Financial Income 1,668  844 
Balance Sheet Monetary Correction -  - 
 
Total Distributable Value Added 97,199  80,996 
 
Distribution of Value Added
Personnel
Salaries, Benefits and Charges 5,490  4,273 
Participation 783  894 
 
  6,273  5,167 
 
Government Entities
Taxes, Fees and Contributions 46,895  42,938 
Government Participation 11,327  9,774 
Deferred Income Tax & Social Contribution 980  (338)
 
  59,202  52,374 
 
Financial Institutions and Suppliers
Financial Expenses, Interest, Rent & Freight 13,036  4,776 
 
 
Shareholders
    Dividends 5,045  5,650 
    Retained Earnings 12,816  12,145 
 
  17,861  17,795 
    Minority Interest 827  884 
 
Value Added Distributed 18,688  18,679 
 
This excerpt taken from the PBR 6-K filed Feb 28, 2005.

Consolidated Statement of Added Value

  R$ Million
  Fiscal Year
  2004  2003 
Description
Gross Operating Revenues from Sales & Services 150,379  131,907 
Raw Materials Used (4,823) (6,683)
Products for Resale (28,694) (18,044)
Materials, Energy, Services & Others (15,088) (20,937)
 
Value Added Generated 101,774  86,243 
 
Depreciation & Amortization (6,171) (5,082)
Participation in Associated Companies (72) (1,009)
Financial Income 1,668  844 
Balance Sheet Monetary Correction -  - 
 
Total Distributable Value Added 97,199  80,996 
 
Distribution of Value Added
Personnel
Salaries, Benefits and Charges 5,490  4,273 
Participation 783  894 
 
  6,273  5,167 
 
Government Entities
Taxes, Fees and Contributions 46,895  42,938 
Government Participation 11,327  9,774 
Deferred Income Tax & Social Contribution 980  (338)
 
  59,202  52,374 
 
Financial Institutions and Suppliers
Financial Expenses, Interest, Rent & Freight 13,036  4,776 
 
 
Shareholders
    Dividends 5,045  5,650 
    Retained Earnings 12,816  12,145 
 
  17,861  17,795 
    Minority Interest 827  884 
 
Value Added Distributed 18,688  18,679 
 

EXCERPTS ON THIS PAGE:

6-K
Nov 14, 2005
6-K
Aug 16, 2005
6-K
May 16, 2005
6-K
Mar 11, 2005
6-K
Feb 28, 2005

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