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PBR » Topics » Contractual Obligations

This excerpt taken from the PBR 6-K filed Mar 30, 2009.

Contractual Obligations

The following table summarizes our outstanding contractual obligations and commitments at December 31, 2008:

22

   
Payments due by period (in millions of U.S.dollars)
 
                    More 
    Total    Less than    1-3 years    3-5 years    than 5 
        year            years 
   Balance Sheet Items:                     
   Long Term Debt Obligations    17,562    1,531    6,392    3,363    6,276 
   Pension Fund Obligations (1)   16,168    923    2,124    2,555    10,566 
   Project Financing Obligations    6,795    1,780    1,407    670    2,938 
   Capital (Finance)Lease Obligations    595    251    302    30    12 
           
 
Total Balance Sheet Items    41,120    4,485    10,225    6,618    19,792 
 
 
Other Long-Term Contractual                     
Commitments                     
     Natural Gas Ship-or-Pay    5,108    457    921    931    2,799 
     Service Contracts    44,843    17,273    16,166    5,621    5,783 
     Natural Gas Supply Agreements    11,687    1,112    1,938    2,178    6,459 
     Operating Leases    23,166    4,271    7,975    6,254    4,666 
     Purchase Commitments    5,154    1,446    1,284    595    1,829 
     International Purchase    10,933    1,543    6,229    1,449    1,712 
Commitments                     
           
 
             Total Other Long-Term                     
Commitments    100,891    26,102    34,513    17,028    23,248 
 
           
 
Total    142,011    30,587    44,738    23,646    43,040 
           

(1) Our pension fund obligations are guaranteed by U.S.$14,115 million in plan assets. These assets are presented as a reduction to the net actuarial liabilities. See Note 16 (f) to our consolidated financial statements for the year ended December 31, 2008.

This excerpt taken from the PBR 6-K filed Mar 18, 2008.

Contractual Obligations

The following table summarizes our outstanding contractual obligations and commitments at December 31, 2007:

   
Payments due by period (in millions of U.S.$dollars)
 
                    More 
    Total    Less than    1-3 years    3-5 years    than 5 
        year            years 
   Balance Sheet Items:                     
   Long Term Debt Obligations    13,421    1,273    3,452    2,898    5,798 
   Pension Fund Obligations (1)   23,591    1,135    2,605    3,114    16,737 
   Project Financings Obligations    6,278    1,692    3,478    250    858 
   Capital (Finance) Lease obligations    738    227    414    97    - 
           
 
               Total Balance Sheet Items 
   44,028    4,327    9,949    6,359    23,393 
 
 
Other Long-Term Contractual                     
Commitments                    
     Natural Gas Ship-or-Pay    5,545    452    919    928    3,246 
     Contract Service Commitments    23,713    10,094    10,446    2,193    980 
     Natural Gas Supply Agreements    6,754    660    1,119    1,106    3,869 
     Operating Lease Commitments     15,063    4,271    6,589    3,081    1,122 
     Purchase Commitments     2,055    732    887    436    - 
     International Purchase Commitments    4,021    704    933    783    1,601 
           
 
                     
               Total Other Long-Term Commitments    57,151    16,913    20,893    8,527    10,818 
           
                                             Total 
   101,179    21,240    30,842    14,886    34,211 
           

(1)      There are plan assets in the amount of U.S.$18,549 million that guarantee the pension plan obligations. These assets are presented as a reduction to the net actuarial liabilities. See Note 16 to our consolidated financial statements for the year ended December 31, 2007.
 
This excerpt taken from the PBR 6-K filed Apr 10, 2007.

Contractual Obligations

The following table summarizes our outstanding contractual obligations at December 31, 2006:

    Payments due by period (in millions of U.S.$ dollars)
 
                    More 
Contractual Obligations    Total    Less than    1-3 years    3-5 years    than 5 
        year            years 
   Balance Sheet Items:                     
   Long Term Debt Obligations    12,616    2,106    2,265    2,353    5,892 
   Pension Fund Obligations (1)   17,238    830    1,887    2,274    12,247 
   Project Financings Obligations    6,374    2,182    2,245    1,067    880 
   Capital (Finance) Lease obligations    1,055    231    460    285    79 
                   
 
        Total Balance Sheet Items    37,283    5,349    6,857    5,979    19,098 
 
 
Other Long-Term Contractual                     
Obligations                     
     Natural Gas Ship-or-Pay    6,467    491    988    996    3,992 
     Contract Service Obligations    8,444    3,432    3,726    825    461 
     Natural Gas Supply Agreements    7,577    822    1,227    1,106    4,422 
     Operating Lease Obligations    8,261    2,590    3,800    1,164    707 
     Purchase Obligations    2,736    1,104    964    234    434 
     International Purchase Obligations    3,262    895    493    535    1,339 
                   
 
         Total Other Long-Term Obligations                     
    36,747    9,334    11,198    4,860    11,355 
                   
 
Total    74,030    14,683    18,055    10,839    30,453 
                   

(1) There are plan assets in the amount of U.S.$ 12,395 million that guarantee the pension plan obligations. These assets are presented as a reduction to the net actuarial liabilities. See Note 16 to our consolidated financial statements for the year ended December 31, 2006.

This excerpt taken from the PBR 6-K filed Jun 8, 2005.

Contractual Obligations

 

The following table summarizes our outstanding contractual obligations at December 31, 2004:

 

    

Payments due by period

(in millions of U.S. dollars)

Contractual Obligations:

    Total
    Less than 1
year
    1-3 years
    3-5 years
    More than 5 years

Balance Sheet Items:

                         

Long-Term Debt Obligations

    13,344    1,199    3,623    2,447    6,075

Pension Fund Obligations(1)

    11,509    587    1,328    1,574    8,020

Project Finance Obligations

    5,712    1,313    2,115    1,672    612

Capital (Finance) Lease Obligations

    1,335    266    415    343    311
    
  
  
  
  

Total Balance Sheet Items

    31,900    3,365    7,481    6,036    15,018

Other Long-Term Contractual Obligations:

                         

Natural Gas Ship-or-Pay Commitments

    9,750    650    1,300    1,300    6,500

Contract Service Obligations

    5,771    2,176    2,364    745    486

Natural Gas Supply Agreements

    5,188    532    696    660    3,300

Operating Lease Obligations

    4,349    1,223    1,533    846    747

Purchase Obligations

    1,047    509    496    34    8
    
  
  
  
  

Total Other Long-Term Contractual Obligations

    26,105    5,090    6,389    3,585    11,041
    
  
  
  
  

Total

    58,005    8,455    13,870    9,621    26,059
    
  
  
  
  

 

(1) There are plan assets in the amount of U.S.$ 7,104 million that guarantee the pension plan obligations. These assets are presented as a reduction to the net actuarial liabilities. See Note 18 to our audited consolidated financial statements for the year ended December 31, 2004.

 

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Table of Contents

EXCERPTS ON THIS PAGE:

6-K
Mar 30, 2009
6-K
Mar 18, 2008
6-K
Apr 10, 2007
6-K
Jun 8, 2005

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