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This excerpt taken from the PBR 20-F filed Jun 30, 2005.
Petrobras
We are currently subject to numerous proceedings relating to civil, criminal, administrative, environmental, labor and tax claims. Several individual disputes account for a significant part of the total amount of claims against
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Table of Contentsus. Our audited consolidated financial statements only include provisions for probable and reasonably estimable losses and expenses we may incur in connection with pending litigation, including the proceedings described below under Environmental Claims. See Note 21 to our audited consolidated financial statements. The table below sets forth our recorded financial provisions by type of claim:
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