PBR » Topics » (a) Employees post-retirement benefits balances

This excerpt taken from the PBR 6-K filed Apr 10, 2007.

(a) Employees’ post-retirement benefits balances

The balances related to Employees’ Post-retirement Benefits are represented as follows:

    As of December 31, 
   
    2006    2005 
     
        Health        Health 
    Pension    care    Pension    care 
    benefits    benefits    benefits    benefits 
         
 
Current liabilities    198    -    206   
Long-term liabilities    4,645    5,433    3,627    3,004 
         
Employees’ post-retirement projected                 
benefit obligation    4,843    5,433    3,833    3,004 
 
Accumulated other comprehensive    3,110    1,495       
income            2,941     
Tax effect    (1,058)   (508)   (1,011)  
         
Net balance recorded in shareholders’                 
equity    2,052    987    1,930   

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