PBR » Topics » 26.5 Financial instruments

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

26.5 Financial instruments

During the normal course of its business dealings the company uses various types of financial instruments.

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

26.5 Financial instruments

During the normal course of its business dealings the company uses various types of financial instruments.

This excerpt taken from the PBR 6-K filed Jun 8, 2009.

26.5 Financial instruments

During the normal course of its business dealings the company uses various types of financial instruments.

This excerpt taken from the PBR 6-K filed Mar 31, 2009.

29.5 Financial instruments

During the normal course of its business dealings the Company uses various types of financial instruments.

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

21. Financial Instruments

In the normal course of its business activities, the Company acquires various types of financial instruments.

This excerpt taken from the PBR 6-K filed Nov 12, 2008.

25.4 Financial instruments

In the normal course of its business activities, the Company uses various types of financial instruments.

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

25.4 Financial instruments

In the normal course of its business activities, the Company acquires various types of financial instruments.

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

21. Financial Instruments

In the normal course of its business activities, the Company acquires various types of financial instruments.

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

26.4 Financial instruments

In the normal course of its business activities, the Company acquires various types of financial instruments.

(a) Concentrations of credit risk

Substantial portions of the Company’s assets including financial instruments are located in Brazil. The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of its cash and cash equivalents, government securities, trade receivables and futures contracts.

The Company takes several measures to reduce its credit risk to acceptable levels.

(b) Fair value

Fair values are derived either from quoted market prices where available, or, in their absence, the present value of expected cash flows. Fair values of cash and cash equivalents, trade receivables, short-term debt and trade payables approximate their carrying values. The fair value for the Company’s available-for-sale government securities and other long-term assets and liabilities do not differ materially from their carrying values.

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

22. Financial Instruments

In the normal course of its business activities, the Company acquires various types of financial instruments.

This excerpt taken from the PBR 6-K filed Mar 21, 2006.

24. Financial instruments

In the normal course of its business, the Company uses various types of financial instruments. These instruments include recorded assets and liabilities, and also items such as derivatives, which principally involve off-balance sheet risk.

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