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PBR » Topics » b) Deferred income tax and social contribution liabilities

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

b) Deferred income tax and social contribution liabilities

    R$ thousand     
     
    09.30.2009     
     
Nature    Consolidated     Parent Company    Grounds for realization 
       
 
Costs with exploration and drilling for petroleum    14.208.124    14.208.124    Depreciation based on the production unit method in relation to proven/developed reserves of oil fields. 
 
Temporary difference between accounting and tax depreciation criteria    1.032.230    46.633    Depreciation over the useful life of the asset or disposal. 
 
Income and social contribution taxes - foreign operations    261.048    219.483    Occurrence of triggering events for availability of income. 
 
Investments in subsidiaries and affiliated companies   232.006        Occurrence of triggering events for availability of income. 
 
Foreign exchange variation    (64.006)   (739.345)   Settlement of the contracts. 
 
Tax losses    13.225        With future taxable income. 
 
 
Temporary difference of contractual commitments with transfer of benefits, risks and control of assets    1.292.320    995.742    Through payment of the commitments. 
 
Other    705.202    59.651     
       
 
Total    17.680.149    14.790.288     
       
 
Non-current    16.615.697    13.912.867     
Current    1.064.452    877.421     

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

b) Deferred income tax and social contribution liabilities

    R$ thousand     
     
    06.30.2009     
     
Nature    Consolidated    Parent Company    Grounds for realization 
       
 
            Depreciation based on the units 
Costs with exploration and drilling for uploading            produced method in relation to 
petroleum    13.185.144    13.185.144    proven/developed reserves of oil 
            fields. 
 
Temporary difference between accounting and tax            Depreciation over the useful life of 
depreciation criteria    515.327    45.978    the asset or disposal 
 
            Occurrence of triggering events for 
Income tax and social contribution - foreign operations    333.795    219.483    availability of income. 
 
            Occurrence of triggering events for 
Investments in subsidiaries and affiliated companies    251.315        availability of income. 
 
Foreign exchange variation    607.828    74.756    Settlement of the contracts 
 
Tax losses    12.730        With future taxable income 
 
Temporary difference of the contractual commitments with             
transfer of benefits, risks and control of assets.    1.083.791    792.866    For the payment of the commitments 
 
 
Other    705.981    53.370     
       
 
Total    16.695.911    14.371.597     
       
 
Non-current    14.833.259    12.712.960     
Current    1.862.652    1.658.637     

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

b) Deferred income tax and social contribution liabilities

    R$ thousand     
     
    06.30.2008     
     
        Parent    
Nature    Consolidated    Company    Basis for realization 
       
 
Cost of prospecting and drilling activities for oil extraction            Depreciation based on the unit-of production method in relation to the proven/developed reserves on the oil fields. 
  10.574.356    10.520.746   
 
Temporary difference between the accounting and tax depreciation criteria            Based on the depreciation life of the asset or disposal. 
  614.138    68.945   
 
Income tax and social contribution - foreign operations    284.633    219.483    Through occurrence of triggering events that generate income. 
 
Investments in subsidiaries and affiliated companies    178.487        Through occurrence of triggering events that generate income. 
 
Foreign exchange variations on financing    1.188.840        Cash basis reporting 
 
 
Other    469.846    1.919     
       
 
 
Total    13.310.300    10.811.093     
       
 
 
Non-current    11.930.471    9.651.764     
 
 
Current    1.379.829    1.159.329     

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

b) Deferred income tax and social contribution liabilities

    2007    
       
        Parent     
Nature    Consolidated     Company   Basis for realization 
         
             
Cost of prospecting and drilling activities  for oil extraction    9.706.759    9.706.759    Depreciation based on the unit-of production method in relation to the proven/developed reserves on the oil fields. 
 
Temporary difference between the            The difference in depreciation / amortization used for tax and accounting purposes. 
 accounting and tax depreciation criteria    542.827    33.495   
 
Income tax and social contribution - on            Through occurrence of triggering events that generate income. 
 foreign operations    418.582    219.483   
 
Investments in subsidiary and affiliated  companies    181.344        Through occurrence of triggering events that generate income. 
 
Foreign exchange variation on financing    510.171        Cash basis reporting 
 
Other    709.035    28.595     
       
 
Total    12.068.718    9.988.332     
       
 
Non-current    10.352.712    8.433.677     
 
Current    1.716.006    1.554.655     

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

b) Deferred income tax and social contribution liabilities

R$ thousand
     
09.30.2007
     
         Parent     
Nature    Consolidated    Company    Basis for realization 
       
 
            Depreciation based on the unit-of 
            production method in relation to the 
Cost of prospecting and drilling            proven/developed reserves on the oil 
activities for oil extraction    9.333.519    9.333.519    fields. 
 
Temporary difference between            The difference in depreciation / 
the accounting and tax            amortization used for tax and accounting 
depreciation criteria    532.939        purposes. 
 
 
Accelerated and special            Through depreciation over the useful life of 
depreciation    33.781    33.781    the asset or write-off 
 
Income tax and social             
contribution – foreign            Through occurrence of triggering events 
operations    445.179    219.483    that generate income. 
 
Investments in subsidiaries            Through occurrence of triggering 
and affiliated companies    110.481        events that generate income. 
 
Foreign exchange variations             
on loans    532.386        Cash basis reporting 
 
Other    658.622    20.655     
       
Total    11.646.907    9.607.438     
       
 
Non-current    10.277.980    8.392.450     
 
Current    1.368.927    1.214.988     

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

b) Deferred income tax and social contribution liabilities

    R$ Thousand    
             
    06.30.2007    
             
Nature    Consolidate    Parent
Company		   Basis for realization 
       
 
Cost of prospecting and drilling    8.900.760    8.900.760    Depreciation based on the unit-of 
activities for oil extraction            production method in relation to the 
            proven/developed reserves on the oil 
            fields. 
 
Temporary difference between    598.545        The difference in depreciation / 
the accounting and tax            amortization used for tax and accounting 
depreciation criteria            purposes. 
 
Accelerated and special    34.116    34.116    Through depreciation over the useful life of 
depreciation            the asset or write-off 
 
 
Income tax and social    304.842    219.483    Through occurrence of triggering events 
contribution – foreign            that generate income. 
operations             
 
Investments in subsidiaries    108.310        Through occurrence of triggering 
and affiliated companies            Events that generate income. 
 
Foreign exchange variations    774.315        Cash basis reporting 
on loans             
 
Other    332.404    18.603     
       
Total    11.053.292    9.172.962     
       
 
Non-current    9.731.089    8.014.383     
       
 
Current    1.322.203    1.158.579     
       

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

Deferred income tax and social contribution liabilities

    R$ Thousand    
             
    03.31.2007    
             
Nature    Consolidate    Parent
Company		   Basis for realization 
 
Cost of prospecting and drilling activities for oil extraction    8.469.070    8.469.070    Depreciation based on the unit-of production method in relation to the proven/developed reserves on the oil fields. 
 
Temporary difference between the accounting and tax depreciation criteria    600.351        The difference in depreciation / amortization used for tax and accounting purposes. 
 
Accelerated and special depreciation    34.458    34.458    Through depreciation over the useful life of the asset or write-off 
 
Income tax and social contribution – foreign operations    271.760    219.483    Through occurrence of triggering events that generate income. 
 
Investments in subsidiaries and affiliated companies    147.403        Through occurrence of triggering events that generate income. 
 
Other    1.028.134    7.801     
       
             
Total    10.551.176    8.730.812     
       
 
Non-current    9.294.356    7.634.570     
       
 
Current    1.256.820    1.096.242     
       

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

Deferred income tax and social contribution liabilities

    R$ Thousand    
             
    09.30.2006    
             
Nature    Consolidate    Parent
Company		   Basis for realization 
 
 
Cost of prospecting and drilling            Depreciation based on the unit-of 
activities for oil extraction(net of            production method in relation to the proven 
depreciation)   8.082.677    8.082.677    developed reserves on the oil fields. 
 
Difference between accounting            Amortization/depreciation difference 
and tax depreciation criteria    736.595    34.971    between accounting and tax criteria 
 
Income tax and social            Through occurrence of triggering events 
contribution - foreign operations    264.859    219.483    that generate income. 
 
Investments in subsidiaries and            Through occurrence of triggering 
affiliated companies    173.466        events that generate income. 
 
Other    789.795    23.854     
       
Total    10.047.392    8.360.985     
       
 
Long-term    8.792.024    7.290.780     
       
 
Current    1.255.368    1.070.205     
       

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

Deferred income tax and social contribution liabilities

    R$ Thousand    
             
    06.30.2006    
             
Nature    Consolidate    Parent
Company 		   Basis for realization 
 
 
Cost of prospecting and drilling    7.676.916    7.676.916    Depreciation based on the unit-of 
activities for oil extraction            production method in relation to the proven 
(net of depreciation)           developed reserves on the oil fields. 
 
Difference between accounting            Amortization/depreciation difference 
and tax depreciation criteria    806.543    35.269    between accounting and tax criteria 
 
Income tax and social            Through occurrence of triggering events 
contribution - foreign operations    264.653    219.483    that generate income. 
 
Investments in subsidiary and            Through occurrence of triggering 
affiliated companies    171.819    -    events that generate income. 
 
Other    794.391    47.955     
       
Total    9.714.322    7.979.523     
       
 
Long-term    8.488.581    6.935.604     
       
 
Current    1.225.741    1.043.919     
       

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

Deferred income tax and social contribution liabilities

    R$ Thousand    
         
    03.31.2006    
     
Nature    Consolidated    Parent Company    Basis for realization 
     
             
Cost of prospecting and drilling       
activities for oil extraction
 (net of depreciation)		   7,289,324    7,289,324    Depreciation based on the unit-of
production method in relation to the proven developed reserves on the oil fields, 
         
         
 
Curve for amortization of property,
plant and equipment 		   789,848    -    Amortization/depreciation difference between accounting and tax criteria 
         
 
Income tax and social contribution -
foreign operations 		   264,822    219,483    Through occurrence of triggering events that generate income, 
         
 
Special accelerated depreciation    36,766    36,766    By means of depreciation according to the asset’s useful life or disposal, 
           
 
Investments in subsidiary and
affiliated companies 		           Through occurrence of triggering events that generate income, 
  186,867    -   
 
Other    749,647    2,826     
             
Total    9,317,274    7,548,399     
       
 
Long-term    8,178,052    6,596,585     
       
 
Current    1,139,222    951,814     
       

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

Deferred income tax and social contribution liabilities

    R$ thousand     
     
    30.06.2005     
     
Nature    Consolidated    Parent Company    Basis for realization 
       
 
Cost of prospecting and drilling            Depreciation based on the unit-of 
     activities for oil extraction            production method in relation to the proven 
     (net of depreciation)   6.530.879    6.530.879    developed reserves on the oil fields. 
 
Difference between tax and           Depreciation/amortization differences used for 
accounting depreciation criterion    890.069        tax and accounting purposes 
 
Income tax and social contribution -            Through occurrence of triggering events that 
foreign operations    296.820    219.483    generate income. 
 
Special accelerated depreciation    37.182    37.182    By means of depreciation according to the 
            asset’s useful life or disposal. 
 
Investments in subsidiary and            Through occurrence of triggering 
     affiliated companies    218.253        events that generate income. 
 
Other    335.262    3.256     
       
Total    8.308.465    6.790.800     
       
 
Long-term    7.193.908    5.838.854     
       
 
Current    1.114.557    951.946     
       

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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