Send us Feedback

Petrobras (PBR)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

PBR » Topics » 3.1 Determination of net income, current and non-current assets and liabilities

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

3.1 Determination of net income, current and non-current assets and liabilities

Net income is determined on the accrual basis and includes income, charges and monetary and exchange variations, at official indexes or rates, calculated on current and non-current assets and liabilities, including, when applicable, the effects of adjustments of assets to market or net realizable values, as well as the provision for doubtful debts, in an amount considered sufficient to cover possible losses on accounts receivable.

Sales revenue is recognized in the income statement when all the risks and benefits inherent to the product are transferred to the buyer. Revenue from services is recognized in the income statement for the period in which it is received.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki