This excerpt taken from the PBR 6-K filed Nov 19, 2009.
An increase in the financial result (R$ 3,168 million), due to exchange gains on net dollar assets and the positive effect of the monetary variation on financings, as shown in the table below:
(1) Includes monetary variation over loans in domestic currency attached to the variation of dollar.
The positive effect of minority interests (R$ 949 million), due to lower exchange gains over SPEs and controlled companies debts.
This excerpt taken from the PBR 6-K filed Aug 18, 2009.
A R$ 1,405 million increase in operating expenses, notably:
Exploration costs (R$ 508 million), due to the increase in the write-off of dry and economically unviable wells (R$ 114 million) and increased geological and geophysical costs (R$ 357 million) in Brazil, in turn caused by the
intensification of the Companys investment program;
This excerpt taken from the PBR 6-K filed Jun 8, 2009.