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PBR » Topics » Pag: 122

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

Pag: 122

(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

Year-to-date consolidated international oil production fell 16% over the 9M-2006, due to the exclusion of Venezuelan output as of April/06.

Third-quarter consolidated international oil output dropped 5% over the 2Q-2007, due to storm-driven production stoppages in the United States.

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

Pag: 122

Result by Business Area R$ million (1) (3)
    2° Quarter            Jan-Jun     
           
1Q-2007    2007    2006    D %       2007    2006    D %
               
 
5.083    6.416    6.899    (7)   EXPLORATION & PRODUCTION    11.499    13.673    (16)
2.136    2.231    1.632    37    SUPPLY    4.367    3.632    20 
(316)   (215)   (222)   (3)   GAS AND ENERGY    (531)   (300)   77 
189    215    132    63    DISTRIBUTION    404    295    37 
(261)   235    255    (8)   INTERNATIONAL (2)   (26)   491    (105)
(2.590)   (1.745)   (1.122)   56    CORPORATE    (4.335)   (2.983)   45 
(110)   (337)   (615)   (45)   ELIMINATIONS AND ADJUSTMENTS    (447)   (1.174)   (62)
               
4.131    6.800    6.959    (2)   CONSOLIDATED NET INCOME    10.931    13.634    (20)
               

(1)
Comments on the results by business area begin on page 17 and their respective financial statements on page 26. 
 
(2)
In the international business segment, given that all operations are executed abroad, comparisons between the periods is influenced by foreign exchange variations in dollars or in the currency of those countries in which the companies in question are headquartered. As a result, there may be substantial variations in Reais, primarily arising from and reflecting changes in the exchange rate. 
 
(3)
Expenditure related to the training of new Petrobras employees is now allocated in line with the area of each employee and are 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. 

EXCERPTS ON THIS PAGE:

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

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