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PBR » Topics » a) Deferred income tax and social contribution assets

This excerpt taken from the PBR 6-K filed Nov 19, 2009.

a) Deferred income tax and social contribution assets

    R$ thousand     
     
    09.30.2009     
     
Nature    Consolidated    Parent Company    Grounds for realization 
       
 
Pension plan    350.141    333.001    Through payment of the contributions of the sponsor. 
 
Unearned income between companies of the system        1.198.196   Through the effective realization of profits. 
 
Provisions for contingencies and doubtful accounts    1.118.446    941.061    Through fiscal consummation of the loss and filing of lawsuits and overdue receivables. 
 
Tax losses    965.826        With future taxable income. 
 
Provision for investment in research and development    78.387    78.387    Through realization of the expenditures. 
 
             
Temporary difference between the criteria for accounting and fiscal depreciation    237.698    103.483    Realization in the term of straight-line depreciation of the assets. 
 
Absorption of conditional financing    75.110        Expiration of the financing agreements. 
 
Provision for exports in transit    249.519    249.519    Through recognition of the revenue. 
 
Other    1.339.046    756.818     
       
 
Total    5.612.369    2.462.269     
       
 
Non-current    3.270.388    458.336     
Current    2.341.981    2.003.933     

This excerpt taken from the PBR 6-K filed Aug 18, 2009.

a) Deferred income tax and social contribution assets

    R$ thousand     
     
    06.30.2009     
     
Nature    Consolidated    Parent Company    Grounds for realization 
       
 
Pension plan    359.284    333.100    Through payment of the contributions of the sponsor. 
 
Unearned income between companies of the system    1.279.723       Through the effective realization of profits. 
 
Provisions for contingencies and            Through fiscal consummation of the 
doubtful accounts    503.340    316.602    loss and filing of lawsuits and 
            overdue receivables 
 
Tax losses    986.507        With future taxable income 
 
Provision for investment in research    91.412    91.412    Through realization of the expenditures. 
and development             
 
Remuneration of shareholders - Interest on shareholders'            By individualized credit to 
capital    894.956    894.956    shareholders 
 
Temporary difference between the criteria            Realization in the term of 
for accounting and fiscal depreciation    178.736    97.769    straight-line depreciation of the 
            assets. 
 
Absorption of conditional financing    74.004        Expiration of the financing 
            agreements 
 
Foreign exchange variation on financing    2.968         
 
            Through recognition 
Provision for exports in transit    275.694    275.694    of the revenue. 
 
Other    754.592    312.360     
       
 
Total    5.401.216    2.321.893     
       
 
Non-current    3.212.803    467.607     
Current    2.188.413    1.854.286     

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

a) Deferred income tax and social contribution assets

    R$ thousand     
     
    06.30.2008     
     
Nature    Consolidated    Parent
Company		   Basis for realization 
     
            By payment of the contributions of 
Pension Plan    1.711.928    1.656.949    the sponsor. 
Unrealized profits between            By means of effective profit 
companies in the Group    1.311.817        accomplishment. 
Plan Provisions for            By realization of losses in view of 
contingencies and for            the outcome of legal suits and 
uncollectible accounts    469.318    248.135    overdue credits. 
Tax losses    373.700        With future taxable profits. 
Provision for profit sharing    345.071    315.433    By payment. 
Provision for ANP research             
   and development investment    193.208    193.208    By realization of the expenditures. 
Temporary difference between            To be realized during the period of 
the accounting and tax            depreciation of assets under the 
   depreciation criteria    75.063    67.880    straight line method. 
Absorption of conditional loans    68.824        End of the loan agreements. 
Provision for ANP research    378.054    378.054    By acknowledgment of the 
and development investment            revenues. 
Other    385.228    79.387     
       
Total    5.312.211    2.939.046     
       
Non-current    3.819.220    1.806.500     
Current    1.492.991    1.132.546     

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

a) Deferred income tax and social contribution assets

    2007     
       
        Parent     
Nature    Consolidated    Company    Basis for realization
       
 
Pensions    1.690.133    1.656.653    By payment of the contributions of the sponsor. 
 
Unrealized profits    1.306.426        By means of effective profit accomplishment. 
 
Plan Provisions for contingencies and for            By realization of losses in view of the outcome of legal suits and overdue credits. 
uncollectible accounts    439.321    247.647   
 
Tax losses    378.611        With future taxable profits. 
 
Provision for profit sharing    331.447    291.809    By payment. 
 
Provision for ANP research and development            By realization of the expenditures. 
   investment    200.803    200.803   
 
Interest on shareholders’ capital    223.739    223.739    By means of individual credits to shareholders. 
 
Temporary difference between the accounting and            To be realized during the period of depreciation of assets under the straight line method. 
   tax depreciation criteria    170.399    64.863   
 
Other    668.831    212.888     
       
 
Total    5.409.710    2.898.402     
       
 
Non-current    3.921.534    1.776.187     
 
Current    1.488.176    1.122.215     

This excerpt taken from the PBR 6-K filed Nov 21, 2007.

a) Deferred income tax and social contribution assets

R$ thousand
     
09.30.2007
     
         Parent     
Nature    Consolidated    Company    Basis for realization 
       
            By realization of losses in view of the 
Provisions for contingencies and            outcome of legal suits and overdue 
allowance for doubtful accounts    381.666    195.951    credits. 
             
Provision for profit sharing    304.805    277.653    By payment. 
             
            By payment of the contributions of the 
Pension Plan    1.618.457    1.586.013    sponsors. 
             
Tax losses    603.323        With future taxable profits. 
             
            By means of effective profit 
Unrealized profits    1.139.258        accomplishment. 
             
Temporary difference between            To be realized during the period of 
the accounting and tax            depreciation of assets under the 
depreciation criteria.    156.181    63.002    straight line method. 
             
Provision for ANP research and            By realization of the expenditures. 
development investment    185.669    185.669     
             
Other    770.071    383.913     
       
             
Total    5.159.430    2.692.201     
       
             
Non-current    3.901.777    1.708.568     
             
Current    1.257.653    983.633     

This excerpt taken from the PBR 6-K filed Aug 21, 2007.

a) Deferred income tax and social contribution assets

    R$ Thousand    
             
    06.30.2007    
             
Nature    Consolidate    Parent
Company		   Basis for realization 
       
 
Provision for remuneration of    745.796    745.796    By individualized credit to the 
shareholder JSCP            shareholder 
Provisions for contingencies and    381.752    188.073    By realization of losses in view of the 
allowance for doubtful accounts            outcome of legal suits and overdue 
            credits. 
 
Provision for profit sharing    420.440    379.199    By payment. 
 
            By payment of the contributions of the 
Pension Plan    1.345.226    1.315.601    sponsors. 
 
Tax losses    412.763        Future taxable profits. 
 
Unrealized profits    1.130.273        Effective profit accomplishment. 
 
Temporary difference between    128.850    60.534    Realization over depreciation of assets 
the accounting and tax            under the straight line method. 
depreciation criteria.             
 
Provision for ANP research and    157.910    157.910    By realization of the Expenditures. 
development investment             
 
Other    902.904    360.934     
       
 
Total    5.625.914    3.208.047     
       
 
Non-current    3.695.992    1.564.200     
       
 
Current    1.929.922    1.643.847     
       

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

Deferred income tax and social contribution assets

    R$ Thousand    
             
    03.31.2007    
             
Nature    Consolidate    Parent
Company		   Basis for realization 
 
Provisions for contingencies and allowance for doubtful accounts    349.058    201.398    By realization of losses in view of the outcome of legal suits and overdue credits. 
             
Provision for profit sharing    333.427    302.242    By payment. 
             
Pension Plan    1.283.786    1.255.486    By payment of the contributions of the sponsors 
             
Tax losses    468.663        Future taxable profits. 
             
Unrealized profits    1.068.774        Effective profit accomplishment 
             
Temporary difference between the accounting and tax depreciation criteria.    133.030    57.738    Realization over depreciation of assets under the straight line method 
             
Provision for ANP research and development investment    127.531    127.531    By realization of the Expenditures 
             
Other    876.170    279.994     
       
             
Total    4.640.439    2.224.389     
       
             
Non-current    3.579.285    1.479.333     
       
             
Current    1.061.154    745.056     
       

This excerpt taken from the PBR 6-K filed Nov 17, 2006.

Deferred income tax and social contribution assets

    R$ Thousand    
             
    09.30.2006    
             
Nature    Consolidate    Parent
Company		   Basis for realization 
 
Provision for remuneration to the            By the shareholder's individual 
JCP shareholders    1.491.593    1.491.593    credit. 
 
            By realization of losses in view of 
Provisions for contingencies and            the outcome of legal suits and 
Doubtful debts    444.295    210.644    overdue credits. 
 
Provision for profit sharing    280.457    263.567    By payment. 
 
PETROS - Pension plan             
    (Sponsor’s installment)   1.151.533    1.117.694    By payment of the contributions. 
 
Tax losses    204.974        Future taxable income. 
 
Unrealized profits    1.114.903        By profit realization 
 
Temporary difference between            Realization in the duration of 
accounting and tax depreciation/            straight-line 
amortization criteria    183.259    50.363    depreciation/amortization 
 
Provision for ANP research and            By realization of the effective 
development investment    103.196    102.762    expenditures 
 
Other    685.300    287.798     
       
 
Total    5.659.510    3.524.421     
       
 
Long-term    3.139.448    1.284.752     
       
 
Current    2.520.062    2.239.669     
       

This excerpt taken from the PBR 6-K filed Aug 25, 2006.

Deferred income tax and social contribution assets

    R$ Thousand    
             
    06.30.2006    
             
Nature    Consolidate    Parent    Basis for realization 
 
            By realization of losses in view of 
Provisions for contingencies and            the outcome of legal suits and 
Doubtful debts    529.924    244.274    overdue credits. 
 
Provision for profit sharing    387.161    355.345    By payment. 
 
PETROS - Pension plan             
   (Sponsor’s installment)   1.065.830    1.035.104    By payment of the contributions. 
 
Tax losses    261.219        Future taxable income. 
 
Unrealized profits    860.004        By profit realization 
 
Temporary difference between            Realization in the duration of straight- 
accounting and tax deprecation criteria    140.189    47.801    line depreciation 
             
Provision for ANP research and            By realization of the effective 
development investment    68.877    68.877    expenditures
             
 
Other    707.965    365.854     
       
 
Total    4.021.169    2.117.255     
       
 
Long-term    3.040.756    1.453.700     
       
 
Current    980.413    663.555     
       

55

This excerpt taken from the PBR 6-K filed Jun 26, 2006.

Deferred income tax and social contribution assets

    R$ Thousand    
         
    03.31.2006    
     
Nature    Consolidated    Parent Company    Basis for realization 
     
 

Provisions for contingencies and 
   uncollectible accounts 

   484,462    211,417    By realization of losses in view of the outcome of legal suits and overdue
credits, 
           
Provision for profit sharing   312,052    274,690    By payment, 
             
PETROS - Pension plan (Sponsor’s
installment)		   979,305    951,761    By payment of the contributions, 
             
Tax losses    357,612        Future taxable income, 
             
Unrealized profits    823,203        By profit realization 
             
Temporary between
depreciation criteria 		   140,524    140,524    Realization in the duration of linear depreciation 
             
Other    518,502    165,343     
       
             
Total    3,615,660    1,743,735     
       
             
Long-term    2,729,161    1,231,319     
       
             
Current    886,499    512,416     
       

50

This excerpt taken from the PBR 6-K filed Aug 19, 2005.

Deferred income tax and social contribution assets

    R$ Thousand     
     
    30.06.2005     
     
Nature    Consolidated    Parent Company    Basis for realization 
 
Provisions for contingencies and            Due to recognition of loss, 
       uncollectible accounts    514.592    214.767    filing of the proceedings and overdue 
            credits. 
 
Provision for profit sharing    158.899    122.181    By payment. 
 
Programmed maintenance    83.846    65.272    Through the effective maintenance. 
 
PETROS-Pension plan (Sponsor’s stallment)   680.429    673.614    By payment of the contributions. 
 
Tax losses    226.425        Future taxable income. 
 
Unrealized profit    790.398        Due to assets depreciation/realization 
            Profits 
 
Others    567.268    255.656     
       
 
Total    3.021.857    1.331.490     
       
 
Long-term    2.418.022    941.160     
       
 
Current    603.835    390.330     
       

51

EXCERPTS ON THIS PAGE:

6-K
Nov 19, 2009
6-K
Aug 18, 2009
6-K
Aug 13, 2008
6-K
Mar 4, 2008
6-K
Nov 21, 2007
6-K
Aug 21, 2007
6-K
Jun 8, 2007
6-K
Nov 17, 2006
6-K
Aug 25, 2006
6-K
Jun 26, 2006
6-K
Aug 19, 2005

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