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PBR » Topics » Income Statement - Parent Company

This excerpt taken from the PBR 6-K filed Sep 9, 2009.

Income Statement – Parent Company

R$ million
    2nd Quarter        1st Half 
       
1Q-2009     2009     2008        2009    2008 
           
 
39,983    43,595    52,961    Gross Operating Revenues    83,578    97,822 
(9,511)   (9,908)   (11,374)   Sales Deductions    (19,419)   (22,427)
           
30,472    33,687    41,587    Net Operating Revenues    64,159    75,395 
(17,217)   (18,022)   (23,380)          Cost of Products Sold    (35,239)   (42,696)
           
13,255    15,665    18,207    Gross Profit    28,920    32,699 
            Operating Expenses         
(1,704)   (1,587)   (1,452)          Sales    (3,291)   (2,909)
(1,135)   (1,251)   (1,113)          General & Administrative    (2,386)   (2,205)
(858)   (687)   (521)          Exploratory Cost    (1,545)   (1,059)
(332)   (366)   (370)          Research & Development    (698)   (783)
(67)   (92)   (58)          Taxes    (159)   (147)
(350)   (309)   (336)          Health and Pension Plans    (659)   (672)
(1,250)   (689)   (885)          Other    (1,939)   (1,809)
           
(5,696)   (4,981)   (4,735)       (10,677)   (9,584)
           
                   Net Financial         
1,728    1,835    1,715                       Income    3,563    3,156 
(1,808)   (2,132)   (1,194)                      Expenses    (3,940)   (2,540)
(136)   521    (152)                      Net Monetary Variation    385    (249)
(547)   (4,552)   (2,092)                      Net Exchange Variation    (5,099)   (2,257)
           
(763)   (4,328)   (1,723)       (5,091)   (1,890)
           
(6,459)   (9,309)   (6,458)       (15,768)   (11,474)
1,644    2,380    1,675    Paticipation in Equity Income    4,024    2,538 
           
8,440    8,736    13,424    Operating Income    17,176    23,763 
(2,279)   (847)   (4,042)   Income Tax / Social Contribution    (3,126)   (7,322)
           
6,161    7,889    9,382    Net Income    14,050    16,441 
           

Certain figures relating to previous periods have been reclassified to bring them into line with the current financial statements, thereby facilitating comparisons.

34

PETROBRAS   Financial Statements   
1 
 

This excerpt taken from the PBR 6-K filed Aug 17, 2009.

Income Statement – Parent Company

R$ million
    2nd Quarter        1st Half 
       
1Q-2009     2009     2008        2009    2008 
           
 
39,983    43,595    52,961    Gross Operating Revenues    83,578    97,822 
(9,511)   (9,908)   (11,374)   Sales Deductions    (19,419)   (22,427)
           
30,472    33,687    41,587    Net Operating Revenues    64,159    75,395 
(17,217)   (18,022)   (23,380)          Cost of Products Sold    (35,239)   (42,696)
           
13,255    15,665    18,207    Gross Profit    28,920    32,699 
            Operating Expenses         
(1,704)   (1,587)   (1,452)          Sales    (3,291)   (2,909)
(1,135)   (1,251)   (1,113)          General & Administrative    (2,386)   (2,205)
(858)   (687)   (521)          Exploratory Cost    (1,545)   (1,059)
(332)   (366)   (370)          Research & Development    (698)   (783)
(67)   (92)   (58)          Taxes    (159)   (147)
(350)   (309)   (336)          Health and Pension Plans    (659)   (672)
(1,250)   (689)   (885)          Other    (1,939)   (1,809)
           
(5,696)   (4,981)   (4,735)       (10,677)   (9,584)
           
                   Net Financial         
1,728    1,835    1,715                       Income    3,563    3,156 
(1,808)   (2,132)   (1,194)                      Expenses    (3,940)   (2,540)
(136)   521    (152)                      Net Monetary Variation    385    (249)
(547)   (4,552)   (2,092)                      Net Exchange Variation    (5,099)   (2,257)
           
(763)   (4,328)   (1,723)       (5,091)   (1,890)
           
(6,459)   (9,309)   (6,458)       (15,768)   (11,474)
1,644    2,380    1,675    Paticipation in Equity Income    4,024    2,538 
           
8,440    8,736    13,424    Operating Income    17,176    23,763 
(2,279)   (847)   (4,042)   Income Tax / Social Contribution    (3,126)   (7,322)
           
6,161    7,889    9,382    Net Income    14,050    16,441 
           

Certain figures relating to previous periods have been reclassified to bring them into line with the current financial statements, thereby facilitating comparisons.

34

PETROBRAS   Financial Statements   
1 
 

This excerpt taken from the PBR 6-K filed Nov 17, 2008.

Income Statement – Parent Company

R$ million
    3rd Quarter        Jan-Sep 
 
2Q-2008     2008     2007         2008    2007 
         
 
52,961    58,129    44,201    Gross Operating Revenues    155,950    123,880 
(11,374)   (12,219)   (11,043)   Sales Deductions    (34,645)   (32,028)
           
41,587    45,910    33,158    Net Operating Revenues    121,305    91,852 
(23,704)   (28,480)   (18,271)      Cost of Products Sold    (71,839)   (49,733)
           
17,883    17,430    14,887    Gross Profit    49,466    42,119 
            Operating Expenses         
(1,480)   (1,620)   (1,483)      Sales    (4,586)   (3,977)
(1,110)   (1,361)   (1,113)      General & Administrative    (3,565)   (3,177)
(521)   (643)   (376)      Exploratory Cost    (1,702)   (826)
(370)   (475)   (407)      Research & Development    (1,258)   (1,212)
(58)   (82)   (194)      Taxes    (230)   (534)
(337)   (335)   (1,086)      Health and Pension Plans    (1,008)   (1,935)
(1,098)   (1,922)   (1,209)      Other    (4,124)   (4,172)
           
(4,974)   (6,438)   (5,868)       (16,473)   (15,833)
           
               Net Financial         
1,541    1,203    1,266                   Income    4,105    3,220 
(1,445)   (1,320)   (841)                  Expenses    (3,698)   (2,164)
(152)   3,310    (1,390)                  Net Monetary Variation    3,061    (3,512)
(2,262)   2,250    (1)                  Net Exchange Variation    (198)   (70)
           
(2,318)   5,443    (966)       3,270    (2,526)
           
(7,292)   (995)   (6,834)       (13,203)   (18,359)
1,126    614    (253)   Paticipation in Equity Income    2,538    306 
           
11,717    17,049    7,800    Operating Income    38,801    24,066 
337    (23)   (15)   Non-operating Income (Expense)   315    (50)
(3,688)   (5,674)   (2,113)   Income Tax / Social Contribution    (12,647)   (7,156)
           
8,366    11,352    5,672    Net Income    26,469    16,860 
           

Certain figures relating to previous periods have been reclassified to bring them into line with the current financial statements, thereby facilitating comparisons.

35

PETROBRAS  Financial Statements 
     

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

Income Statement – Parent Company

R$ million
    2nd Quarter        First Half 
       
1Q-2008     2008     2007        2008    2007 
           
44,861    52,961    41,691    Gross Operating Revenues    97,822    79,677 
(11,053)   (11,374)   (10,866)   Sales Deductions    (22,427)   (20,984)
           
33,808    41,587    30,825    Net Operating Revenues    75,395    58,693 
(19,655)   (23,704)   (16,180)      Cost of Products Sold    (43,359)   (31,461)
           
14,153    17,883    14,645    Gross Profit    32,036    27,232 
            Operating Expenses         
(1,486)   (1,480)   (1,237)      Sales    (2,966)   (2,494)
(1,092)   (1,110)   (1,025)      General & Administrative    (2,202)   (2,064)
(538)   (521)   (236)      Exploratory Cost    (1,059)   (451)
(413)   (370)   (425)      Research & Development    (783)   (805)
(90)   (58)   (185)      Taxes    (148)   (340)
(336)   (337)   (424)      Health and Pension Plans    (673)   (848)
(1,071)   (1,098)   (1,162)      Other    (2,204)   (2,964)
           
(5,026)   (4,974)   (4,694)       (10,035)   (9,966)
           
               Net Financial         
1,326    1,541    967            Income    2,902    1,953 
(934)   (1,445)   (735)           Expenses    (2,379)   (1,323)
(96)   (152)   50            Net Monetary Variation    (248)   (69)
(186)   (2,262)   (1,267)           Net Exchange Variation    (2,448)   (2,121)
           
110    (2,318)   (985)       (2,173)   (1,560)
           
(4,916)   (7,292)   (5,679)       (12,208)   (11,526)
798    1,126    507    Paticipation in Equity Income    1,924    559 
           
10,035    11,717    9,473    Operating Income    21,752    16,265 
1    337    (33)   Non-operating Income (Expense)   338    (34)
(3,285)   (3,688)   (2,588)   Income Tax / Social Contribution    (6,973)   (5,043)
           
6,751    8,366    6,852    Net Income    15,117    11,188 
           

Certain figures relating to previous periods have been reclassified to bring them into line with the current financial statements, thereby facilitating comparisons.

34

This excerpt taken from the PBR 6-K filed May 27, 2008.

Income Statement – Parent Company

R$ million
        First Quarter 
     
4Q-2007        2008    2007 
       
46,365    Gross Operating Revenues    44,861    37,986 
(11,450)    Sales Deductions    (11,053)   (10,118)
       
34,915    Net Operating Revenues    33,808    27,868 
(20,712)            Cost of Products Sold    (19,655)   (15,282)
       
14,203    Gross Profit    14,153    12,586 
    Operating Expenses         
(1,337)            Sales    (1,486)   (1,257)
(1,310)            General & Administrative    (1,092)   (1,036)
(387)            Exploratory Costs    (538)   (216)
(45)            Impairment    -    - 
(489)            Research & Development    (413)   (380)
(183)            Taxes    (90)   (155)
(424)            Health and Pension Plans    (336)   (423)
(925)            Other    (1,106)   (1,804)
       
(5,100)       (5,061)   (5,271)
       
           Net Financial         
1,408                               Income    1,361    986 
(898)                              Expense    (934)   (589)
(1,917)                              Monetary & Foreign Exchange Variation - Assets    (541)   (2,112)
786                               Monetary & Foreign Exchange Variation - Liabilities    259    1,140 
       
(621)       145    (575)
       
(5,721)       (4,916)   (5,846)
(968)   Equity Results    798    52 
       
7,514    Operating Income    10,035    6,792 
(291)   Non-operating Income (Expense)   1    (1)
(2,054)   Income Tax / Social Contribution    (3,285)   (2,455)
       
5,169    Net Income    6,751    4,336 
       

Certain figures relating to previous periods have been reclassified to bring them into line with the current financial statements, thereby facilitating comparisons.

35

This excerpt taken from the PBR 6-K filed Mar 7, 2008.

Income Statement – Parent Company

R$ million
    Fourth Quarter        Year End 
       
3Q-2007     2007     2006         2007    2006 
       
 
44,201    46,365    41,709    Gross Operating Revenues    170,245    162,226 
(11,043)   (11,450)   (11,118)   Sales Deductions    (43,478)   (42,508)
           
33,158    34,915    30,591    Net Operating Revenues    126,767    119,718 
(18,271)   (20,712)   (18,300)      Cost of Products Sold    (70,445)   (65,942)
           
14,887    14,203    12,291    Gross Profit    56,322    53,776 
            Operating Expenses         
(1,483)   (1,337)   (1,318)      Sales    (5,314)   (4,975)
(1,113)   (1,310)   (1,029)      General & Administrative    (4,488)   (3,608)
(376)   (387)   (412)      Cost of Prospecting, Drilling & Lifting    (1,212)   (1,119)
-    (45)   (40)      Impairment    (45)   (40)
(407)   (489)   (473)      Research & Development    (1,700)   (1,576)
(194)   (183)   (199)      Taxes    (718)   (680)
(1,087)   (424)   (455)        Health and Pension Plans    (2,359)   (1,824)
(914)   (915)   (995)      Other    (4,366)   (2,636)
           
(5,574)   (5,090)   (4,921)       (20,202)   (16,458)
           
               Net Financial         
1,202    1,443    971                   Income    4,662    3,038 
(762)   (898)   (567)                  Expense    (2,983)   (2,226)
(2,795)   (1,917)   (629)                  Monetary & Foreign Exchange Variation - Assets    (9,838)   (3,002)
1,402    786    375                   Monetary & Foreign Exchange Variation - Liabilities    5,124    2,224 
           
(953)   (586)   150        (3,035)   34 
           
(6,527)   (5,676)   (4,771)       (23,237)   (16,424)
(253)   (968)   (155)   Equity Income    (662)   424 
           
8,107    7,559    7,365    Operating Income    32,423    37,776 
(15)   (291)   (28)   Non-operating Income (Expense)   (340)   (112)
(2,113)   (2,054)   (1,825)   Income Tax / Social Contribution    (9,210)   (10,608)
(307)   (45)   (275)   Employee Participations    (844)   (993)
           
5,672    5,169    5,237    Net Income    22,029    26,063 
           

Part of the expenses associated with idle thermoelectric plants were allocated to COGS, given that such expenses are linked to energy sales which are in turn tied to the capacity available for sale, independently of the volume effectively generated.

In order to unify the criterion for the allocation of safety, health and environment expenses, we opted to allocate these expenses in their entirety to other operating expenses.

Expenditure related to the training of new Petrobras employees is now allocated in line with the area of each employee and is no longer wholly allocated to corporate administrative expenses.

In order to maintain comparability between the periods, we are presenting the previous statements in accordance with the new criteria above.

37

PETROBRAS Financial Statements 
1
     
This excerpt taken from the PBR 6-K filed Nov 13, 2007.

Income Statement – Parent Company

R$ million
    Third Quarter        Jan-Sep 
 
2Q-2007     2007     2006         2007    2006 
         
 
41.691    44.201    43.725    Gross Operating Revenues    123.880    120.517 
(10.866)   (11.043)   (11.151)   Sales Deductions    (32.028)   (31.390)
           
30.825    33.158    32.574    Net Operating Revenues    91.852    89.127 
(16.229)   (18.271)   (18.969)      Cost of Products Sold    (49.733)   (47.642)
           
14.596    14.887    13.605    Gross Profit    42.119    41.485 
            Operating Expenses         
(1.237)   (1.483)   (1.318)      Sales    (3.977)   (3.657)
(929)   (1.113)   (922)      General & Administrative    (3.177)   (2.579)
(235)   (376)   (320)      Cost of Prospecting, Drilling & Lifting    (826)   (707)
(431)   (407)   (370)      Research & Development    (1.212)   (1.103)
(185)   (194)   (147)      Taxes    (534)   (481)
(425)   (1.086)   (456)        Health and Pension Plans    (1.935)   (1.368)
(1.283)   (1.222)   (1.131)      Other    (4.250)   (2.360)
           
(4.725)   (5.881)   (4.664)       (15.911)   (12.255)
           
               Net Financial         
1.046    1.202    990                   Income    3.220    2.068 
(735)   (762)   (671)                  Expense    (2.085)   (1.659)
(3.014)   (2.795)   (34)                  Monetary & Foreign Exchange Variation - Assets    (7.921)   (2.374)
1.797    1.402    12                   Monetary & Foreign Exchange Variation - Liabilities    4.338    1.849 
           
(906)   (953)   297        (2.448)   (116)
           
(5.631)   (6.834)   (4.367)       (18.359)   (12.371)
507    (253)   (477)   Paticipation in Equity Income    306    579 
           
9.472    7.800    8.761    Operating Income    24.066    29.693 
(33)   (15)   (31)   Non-operating Income (Expense)   (50)   (84)
(2.587)   (2.113)   (1.917)   Income Tax / Social Contribution    (7.156)   (8.783)
           
6.852    5.672    6.813    Net Income    16.860    20.826 
           
           

Part of the expenses associated with idle thermoelectric plants were allocated to COGS, given that such expenses are linked to energy sales which are in turn tied to the capacity available for sale, independently of the volume effectively generated.

In order to unify the criterion for the allocation of safety, health and environment expenses, we opted to allocate these expenses in their entirety to other operating expenses.

Expenditure related to the training of new Petrobras employees is now allocated in line with the area of each employee and is no longer wholly allocated to corporate administrative expenses.

In order to maintain comparability between the periods, we are presenting the previous statements in accordance with the new criteria above.

34

PETROBRAS SYSTEM  Financial Statements  
     

EXCERPTS ON THIS PAGE:

6-K
Sep 9, 2009
6-K
Aug 17, 2009
6-K
Nov 17, 2008
6-K
Aug 13, 2008
6-K
May 27, 2008
6-K
Mar 7, 2008
6-K
Nov 13, 2007

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