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PBR » Topics » Pag: 120

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

Pag: 120

The lower negative result was due to the following factors:

• The reduction in expenses from the amendments to the Petros Plan regulations (R$ 642 million) and the commitments listed in the Reciprocal Obligation Agreement (R$ 697 million) in 2007;
• Reduction in tax expenses due to the extinction of the CPMF financial transaction tax, partially offset by the increase in the IOF financial operations tax;
• Reversal of the net financial result (R$ 3,802 million), as detailed on page 7.

The result obtained in the 3Q-2008 was due to the reversal of the net financial result (R$ 4,645 million), as detailed on page 9, associated with the effect of FX gains on foreign investments.

These effects were partially offset by higher operating expenses associated with third-party services and the 2008/09 labor agreement.

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

Pag: 120

(A free translation of the original report in Portuguese)

 

FEDERAL PUBLIC SERVICE   
BRAZILIAN SECURITIES COMMISSION (CVM)  
ITR - QUARTERLY INFORMATION - As of - 09/30/2007 Corporate Law 
COMMERCIAL, INDUSTRIAL & OTHER TYPES OF COMPANY   

08.01 – COMMENTS ON THE CONSOLIDATED PERFORMANCE IN THE QUARTER

EXCERPTS ON THIS PAGE:

6-K
Nov 12, 2008
6-K
Nov 21, 2007

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