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PBR » Topics » a) Employees postretirement benefits balances

This excerpt taken from the PBR 6-K filed Sep 10, 2009.

a) Employees’ postretirement benefits balances

The Company sponsors a contributory defined benefit pension plan covering substantially all of its employees and provides certain health care benefits for a number of active and retired employees. During 2009, the Company made contributions of US$220 to pension and health care plans (US$527 in 2008).

The balances related to Employees’ Postretirement Benefits are represented as follows:

    As of 
   
    June 30, 2009    December 31, 2008 
     
        Health            Health     
    Pension    Care        Pension    Care     
    Benefits    Benefits    Total    benefits    Benefits     Total 
             
Current liabilities                         
   Defined-benefit plan    249    269    518    176    224    400 
   Variable Contribution plan    45    -    45    92    -    92 
             
 
   Employees’ postretirement projected                         
      benefits obligation 
   294    269    563    268    224    492 
             
 
Long-term liabilities                         
   Defined-benefit plan    2,190    5,038    7,228    1,786    4,001    5,787 
             
   Employees’ postretirement projected                         
      benefits obligation 
   2,484    5,307    7,791    2,054    4,225    6,279 
             
 
Shareholders’ equity - Accumulated other                         
 comprehensive income                         
   Defined-benefit plan    372    (485)   (113)   253    (404)   (151)
   Variable Contribution plan    45    -    45    95    -    95 
   Tax effect    (141)   165    24    (118)   137    19 
             
 
   Net balance recorded in shareholders’                         
   equity    276    (320)   (44)   230    (267)   (37)
             

53

Table of Contents

14. Employees’ Postretirement Benefits and Other Benefits (Continued)

This excerpt taken from the PBR 6-K filed Jun 1, 2009.

a) Employees’ postretirement benefits balances

The Company sponsors a contributory defined benefit pension plan covering substantially all of its employees and provides certain health care benefits for a number of active and retired employees. In 2008, the Company made contributions of US$527 to pension and health care plans.

The balances related to Employees’ Postretirement Benefits are represented as follows:

    As of 
   
    March 31, 2009    December 31, 2008 
     
        Health            Health     
    Pension    care        Pension    Care     
    Benefits   benefits    Total    benefits    Benefits     Total 
             
Current liabilities                         
 Defined-benefit plan    294    227    521    176    224    400 
 Variable Contribution plan    19    -    19    92    -    92 
             
 Employees’ postretirement projected benefits obligation    313    227    540    268    224    492 
             
 
Long-term liabilities                         
 Defined-benefit plan    1,774    4,145    5,919    1,786    4,001    5,787 
             
 Employees’ postretirement projected benefits obligation    2,087    4,372    6,459    2,054    4,225    6,279 
             
 
Shareholders’ equity - Accumulated other  comprehensive income                         
 Defined-benefit plan    331    (408)   (77)   253    (404)   (151)
 Variable Contribution plan    20    -    20    95    -    95 
 
 Tax effect    (120)   139    19    (118)   137    19 
             
     Net balance recorded in shareholders’ equity    231    (269)   (38)   230    (267)   (37)
             

43

Table of Contents

14. Employees’ Postretirement Benefits and Other Benefits (Continued)

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

(a) Employees’ postretirement benefits balances

The balances related to Employees’ Postretirement Benefits are represented as follows:

    As of 
   
    December 31, 2008    December 31, 2007 
     
        Health            Health     
    Pension    Care        Pension    Care     
    Benefits    Benefits    Total    Benefits    Benefits    Total 
             
Current liabilities                         
   Defined-benefit plan    176    224    400    230    259    489 
   Variable Contribution plan    92    -    92    134    -    134 
             
   Employees’ postretirement projected benefits                         
     obligation    268    224    492    364    259    623 
             
 
Long-term liabilities                         
   Defined-benefit plan    1,786    4,001    5,787    4,678    6,639    11,317 
             
   Employees’ postretirement projected benefits                         
     obligation    2,054    4,225    6,279    5,042    6,898    11,940 
             
 
Shareholders’ equity - Accumulated other                         
 comprehensive income                         
   Defined-benefit plan    253    (404)   (151)   2,177    1,406    3,583 
   Variable Contribution plan    95    -    95    162    -    162 
 
   Tax effect    (118)   137    19    (795)   (478)   (1,273)
             
 
   Net balance recorded in shareholders’ equity    230    (267)   (37)   1,544    928    2,472 
             

This excerpt taken from the PBR 6-K filed Nov 28, 2008.

a) Employees’ postretirement benefits balances

The Company sponsors a contributory defined benefit pension plan covering substantially all of its employees and provides certain health care benefits for a number of active and retired employees. In 2007, the Company made contributions of US$499 to pension and health care plans.

The balances related to Employees’ Postretirement Benefits are represented as follows:

    As of 
   
    September 30, 2008    December 31, 2007 
     
        Health            Health     
    Pension     care        Pension    Care     
    Benefits    benefits    Total    benefits    Benefits    Total 
             
Current liabilities                         
   Defined-benefit plan    285    238    523    230    259    489 
   Variable Contribution plan    45    -    45    134    -    134 
             
   Employees’ postretirement projected benefits                         
      obligation 
   330    238    568    364    259    623 
             
 
Long-term liabilities                         
   Defined-benefit plan    4,469    6,572    11,041    4,678    6,639    11,317 
             
   Employees’ postretirement projected benefits                         
      obligation 
   4,799    6,810    11,609    5,042    6,898    11,940 
             
 
Shareholders’ equity - Accumulated other                         
 comprehensive income                         
   Defined-benefit plan    2,016    1,302    3,318    2,177    1,406    3,583 
   Variable Contribution plan    150    -    150    162    -    162 
   Tax effect    (737)   (442)   (1,179)   (795)   (478)   (1,273)
             
 
   Net balance recorded in shareholders’ equity    1,429    860    2,289    1,544    928    2,472 
             

36

Table of Contents

14. Employees’ Postretirement Benefits and Other Benefits (Continued)

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

a) Employees’ postretirement benefits balances

The Company sponsors a contributory defined benefit pension plan covering substantially all of its employees and provides certain health care benefits for a number of active and retired employees. In 2007, the Company made contributions of US$499 to pension and health care plans.

The balances related to Employees’ Postretirement Benefits are represented as follows:

    As of 
     
    June 30, 2008    December 31, 2007 
     
        Health        Health 
    Pension    Care    Pension    Care 
    Benefits    Benefits    benefits    Benefits 
         
Current liabilities                 
     Defined-benefit plan    256    286    230    259 
     Variable Contribution plan    83    .    134    - 
         
     Employees’ postretirement projected benefits                 
        obligation    339    286    364    259 
         
 
Long-term liabilities                 
     Defined-benefit plan    5,372    7,735    4,678    6,639 
     Variable Contribution plan    -    -    -    - 
         
     Employees’ postretirement projected benefits                 
        obligation    5,372    7,735    4,678    6,639 
         
    5,711    8,021    5,042    6,898 
         
 
Shareholders’ equity - Accumulated other                 
  comprehensive income                 
     Defined-benefit plan    2,418    1,564    2,177    1,406 
     Variable Contribution plan    180    -    162    - 
     Tax effect    (883)   (532)   (795)   (478)
         
     Net balance recorded in shareholders’ equity    1,715    1,032    1,544    928 
         

38

Table of Contents

14. Employees’ Postretirement Benefits and Other Benefits (Continued)

This excerpt taken from the PBR 6-K filed May 22, 2008.

(a) Employees’ postretirement benefits balances

The Company sponsors a contributory defined benefit pension plan covering substantially all of its employees and provides certain health care benefits for a number of active and retired employees. In 2007, the Company made contributions of US$499 to pension and health care plans.

The balances related to Employees’ Postretirement Benefits are represented as follows:

    As of 
   
    March 31, 2008    December 31, 2007 
     
        Health        Health 
    Pension    care    Pension    Care 
    benefits    benefits    benefits    Benefits 
         
Current liabilities                 
     Defined-benefit plan    233    260    230    259 
     Variable Contribution plan    103    -    134    - 
         
     Employees’.postretirement projected benefits                 
         obligation 
   336    260    364    259 
         
 
Long-term liabilities                 
     Defined-benefit plan    4,801    6,883    4,678    6,639 
     Variable Contribution plan    -    -    -    - 
         
     Employees’ postretirement projected benefits                 
         obligation 
   4,801    6,883    4,678    6,639 
         
 
    5,137    7,143    5,042    6,898 
         
 
Shareholder’s equity - Accumulated other                 
   comprehensive income 
                
     Defined-benefit plan    2,204    1,423    2,177    1,406 
     Variable Contribution plan    164    -    162    - 
     Tax effect    (805)   (484)   (795)   (478)
         
     Net balance recorded in shareholders’ equity    1,563    939    1,544    928 
         

39

Table of Contents

14. Employees’ Postretirement Benefits and Other Benefits (Continued)

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

(a) Employees’ postretirement benefits balances

The balances related to Employees’ Postretirement Benefits are represented as follows:

    As of December 31, 
   
    2007    2006 
     
        Health        Health 
    Pension    Care    Pension     Care 
    Benefits    Benefits    Benefits    Benefits 
         
Current liabilities                 
     Defined-benefit plan    230    259    198    190 
     Variable Contribution plan    134    -    -    - 
         
     Employees’.postretirement projected                 
           benefits obligation    364    259    198    190 
                - 
Long-term liabilities    4,678    6,639    4,645    5,243 
         
     Defined-benefit plan                 
     Employees’ postretirement projected                 
           benefits obligation    5,042    6,898    4,843    5,433 
         
 
Shareholder’s equity - Accumulated                 
   other comprehensive income 
                
     Defined-benefit plan    2,177    1,406    3,110    1,495 
     Variable Contribution plan    162    -    -    - 
     Tax effect    (795)   (478)   (1,058)   (508)
         
     Net balance recorded in shareholders’                 
           equity    1,544    928    2,052    987 
         
This excerpt taken from the PBR 6-K filed Mar 21, 2006.

(a) Employees’ postretirement benefits balances

The balances related to Employees’ Postretirement Benefits are represented as follows:

    As of December 31, 
   
    2005   2004
     
        Health        Health 
    Pension     care    Pension     care 
    benefits    benefits    benefits    benefits 
         
 
Current liabilities    206    -    166    - 
Long-term liabilities    3,627    3,004    2,915    2,137 
         
Employees’ postretirement benefits obligations    3,833    3,004    3,081    2,137 
 
Accumulated other comprehensive income    2,941    -    2,994    - 
Tax effect    (1,011)   -    (1,019)   - 
         
Net balance recorded in shareholders’ equity    1,930    -    1,975    - 

EXCERPTS ON THIS PAGE:

6-K
Sep 10, 2009
6-K
Jun 1, 2009
6-K
Mar 30, 2009
6-K
Nov 28, 2008
6-K
Sep 4, 2008
6-K
May 22, 2008
6-K
Mar 18, 2008
6-K
Mar 21, 2006

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