PBR » Topics » 2 Consolidation principles

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

2 Consolidation principles

The consolidated financial statements as of December 31, 2007 and 2006 has been prepared in accordance with Brazilian accounting practices and rules of the Brazilian Securities Commission - CVM, encompassing the financial statements of Petróleo Brasileiro S.A. - Petrobras and the subsidiaries, jointly-owned subsidiaries and special purpose companies:

    Ownership of capital - % 
   
    2007    2006 
     
    Subscribed        Subscribed     
    and paid-up    Voting   and paid-up    Voting 
       
Subsidiaries                 
Petrobras Química S.A. - Petroquisa and subsidiaries (v)   100,00    100,00    100,00    100,00 
Petrobras Distribuidora S.A. - BR and subsidiaries (v)   100,00    100,00    100,00    100,00 
Braspetro Oil Services Company - Brasoil and subsidiaries (i)   100,00    100,00    100,00    100,00 
Braspetro Oil Company - BOC and subsidiary (i)   99,99    99,99    99,99    99,99 
Petrobras International Braspetro B.V. - PIBBV                 
And subsidiaries (i) (v) (vii)   100,00    100,00    100,00    100,00 
Petrobras Comercializadora de Energia Ltda. - PEBEN (viii)   99,00    99,00    99,00    99,00 
Petrobras Negócios Eletrônicos S.A. - E-Petro and subsidiary (v)   99,95    99,95    99,95    99,95 
Petrobras Gás S.A. - Gaspetro and subsidiaries (v)   99,95    99,99    99,94    99,94 
Petrobras International Finance Company - PifCo and subsidiaries (i)   100,00    100,00    100,00    100,00 
Petrobras Transporte S.A. - Transpetro and subsidiary    100,00    100,00    100,00    100,00 
Downstream Participações Ltd.and subsidiary    99,99    99,99    99,99    99,99 
Petrobras Netherlands B.V. - PNBVand subsidiaries (i) (v)   100,00    100,00    100,00    100,00 
UTE Nova Piratininga Ltda.            99,00    99,00 
FAFEN Energia S.A.    100,00    100,00    100,00    100,00 
5283 Participações Ltda.    100,00    100,00    100,00    100,00 
Baixada Santista Energia Ltda.    100,00    100,00    100,00    100,00 
Sociedade Fluminense de Energia Ltda. - SFE    100,00    100,00    100,00    100,00 
Termorio S.A.    100,00    100,00    100,00    100,00 
Termoceará Ltda.    100,00    100,00    100,00    100,00 
Termomacaé Ltda    100,00    100,00    100,00    100,00 
Termomacaé Comercialização de Energia Ltda    100,00    100,00    100,00    100,00 
Fundo de Investimento Imobiliário RB Logistica - FII    99,00    99,00    98,96    98,96 
Usina Termelétrica de Juiz de Fora S. A.    100,00    100,00         
 
Jointly-owned companies                 
Usina Termoelétrica Norte Fluminense S.A.    10,00    10,00    10,00    10,00 
GNL do Nordeste Ltda. (ii)   50,00    50,00    50,00    50,00 
Termobahia S.A.(iii)   31,00    31,00    31,00    31,00 
Ibiritermo S.A. (iii)   50,00    50,00    50,00    50,00 
Termoaçu S.A. (ii)   72,10    72,10    62,43    62,43 
 
Rights and advances for acquisition of investments                 
Refinaria de Petróleo Ipiranga S. A. (vi)                

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