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PBR » Topics » 21.1 Judicial actions and contingencies recorded

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

21.1 Judicial actions and contingencies recorded

Petrobras and its subsidiaries are involved in several legal actions for civil, tax, labor and environmental issues arising in the normal course of business. Based on the advice of its internal legal counsel and management’s best judgment, the Company has recorded provisions in amounts sufficient to cover losses that are considered probable. As of June 30, 2008 these provisions are presented as follows, according to the nature of the lawsuits:

    R$ thousand 
   
    Consolidated    Parent Company 
     
    06.30.2008    03.31.2008    06.30.2008    03.31.2008 
         
 
Social security contingencies    54.000    54.000    54.000    54.000 
         
 
Labor claims    98.769    88.742    22.877    12.284 
Tax proceedings    151.012    207.714    10.503    10.219 
Civil proceedings ( * )   358.299    382.110    163.622    188.439 
Other contingencies    84.715    79.813         
         
 
Total non-current liabilities    692.795    758.379    197.002    210.942 
         
 
Total of contingencies    746.795    812.379    251.002    264.942 
         
(*) Net of Judicial Deposit, when applicable. 

This excerpt taken from the PBR 6-K filed Nov 21, 2007.

19.1. Judicial actions and contingencies recorded

Petrobras and its subsidiaries are involved in several legal actions for civil, tax, labor and environmental issues arising in the normal course of business. Based on the advice of its internal legal counsel and management’s best judgment, the Company has recorded provisions in amounts sufficient to cover losses that are considered probable. As of September 30, 2007 these provisions are presented as follows, according to the nature of the lawsuits:

    Consolidated    Parent Company 
     
    09.30.2007    06.30.2007    09.30.2007    06.30.2007 
         
 
Other pension liabilities    54.000    54.000    54.000    54.000 
         
Total current liabilities    54.000    54.000    54.000    54.000 
         
 
Labor claims    89.801    89.263    11.524    11.141 
Tax proceedings    156.636    149.883    9.601    9.253 
Civil proceedings ( * )   230.971    215.995    162.883    163.373 
Other contingencies    91.695    88.748         
         
Total non-current liabilities    569.103    543.889    184.008    183.767 
         
 
Total    623.103    597.889    238.008    237.767 
         

(*) Net of the judicial deposit related to the provisioned for judicial proceeding – according to CVM Pronouncement nº 489/05 

This excerpt taken from the PBR 6-K filed Aug 21, 2007.

19.1. Judicial actions and contingencies recorded

Petrobras and its subsidiaries are involved in several legal actions for civil, tax, labor and environmental issues arising in the normal course of business. Based on the advice of its internal legal counsel and management’s best judgment, the Company has recorded provisions in amounts sufficient to cover losses that are considered probable. As of June 30, 2007 these provisions are presented as follows, according to the nature of the lawsuits:

    Consolidated    Parent Company 
     
    06.30.2007    03.31.2007    06.30.2007    03.31.2007 
         
 
Other pension liabilities    54.000    54.000    54.000    54.000 
         
Total current liabilities    54.000    54.000    54.000    54.000 
         
 
Labor claims    89.263    84.743    11.141    10.771 
Tax proceedings    149.883    109.100    9.253    8.907 
Civil proceedings ( * )   215.995    202.551    163.373    162.841 
Other contingencies    88.748    78.974         
         
Total non-current liabilities    543.889    475.368    183.767    182.519 
         
 
Total    597.889    529.368    237.767    236.519 
         

(*)
Net of the judicial deposit related to the provisioned for judicial proceeding – according to CVM Pronouncement n° 489/05 

EXCERPTS ON THIS PAGE:

6-K
Aug 13, 2008
6-K
Nov 21, 2007
6-K
Aug 21, 2007

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