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PBR » Topics » b) Parent Company

This excerpt taken from the PBR 6-K filed Nov 19, 2009.

b) Parent Company

    R$ thousand 
   
    Jan-Sep 2009    Jan-Sep 2008 
     
Income for the year before taxes and after employee profit sharing    25.410.876    39.584.759 
     
Income tax and social contribution at statutory rates (34%)   (8.639.698)   (13.458.818)
Adjustments for calculation of the effective rate:         
       • Permanent additions, net ( * )   1.920.054    544.484 
       • Tax incentives    89.469    109.980 
       • Credit resulting from inclusion of interest on shareholders' capital as operating expenses    1.491.593     
       • Other items    678.598    74.625 
     
Expense for provision for income tax and social contribution    (4.459.984)   (12.729.729)
     
               Deferred income tax/social contribution    1.150.599    (1.196.982)
               Current income tax/social contribution    (5.610.583)   (11.532.747)
     
    (4.459.984)   (12.729.729)
     
Effective rate of income tax and social contribution    17,6%    32,2% 
     

( * ) It includes equity accounting and goodwill/discounts

This excerpt taken from the PBR 6-K filed Aug 18, 2009.

b) Parent Company

    R$ thousand 
   
    Jan-Jun 2009    Jan-Jun 2008 
     
Income for the year before taxes and after employee profit sharing    17.176.303    23.762.782 
     
Income tax and social contribution at statutory rates (34%)   (5.839.943)   (8.079.346)
Adjustments for calculation of the effective rate:         
       • Permanent additions, net ( * )   1.142.802    616.993 
       • Tax incentives    55.241    65.943 
       • Interest on shareholders' equity    894.956     
       • Other items    620.767    74.625 
     
Expense for provision for income and social contribution taxes    (3.126.177)   (7.321.785)
     
                 Deferred income tax / social contribution    1.391.699    (1.062.144)
                 Current income tax / social contribution    (4.517.876)   (6.259.641)
     
    (3.126.177)   (7.321.785)
     
Effective rate of income and social contribution taxes    18,2%    30,8% 
     

( * ) It includes equity accounting and goodwill/discounts

This excerpt taken from the PBR 6-K filed Jun 8, 2009.

b) Parent company

    R$ thousand 
   
    Jan-Mar/2009    Jan-Mar/2008 
     
Income for the year before taxes and after employee profit sharing    8.439.487    10.339.933 
     
Income and social contribution taxes at nominal rates (34%)   (2.869.425)   (3.515.577)
Adjustments for calculation of the effective rate:         
       • Permanent additions, net    705.515    182.422 
       • Tax incentives    8.403    24.359 
       • Other items    (123.017)   27.834 
     
Expense for provision for income and social contribution taxes    (2.278.524)   (3.280.962)
     
                 Deferred income tax/social contribution    (525.320)   (565.034)
                 Current income tax/social contribution    (1.753.204)   (2.715.928)
     
    (2.278.524)   (3.280.962)
     
Effective rate of income and social contribution taxes    27%    32% 
     

This excerpt taken from the PBR 6-K filed Mar 31, 2009.

b) Parent company

        2008    2007 
         
 
Income for the year before taxes and after employee profit sharing    51.353.567    31.238.559 
         
             
Income and social contribution taxes at nominal rates (34%)   (17.460.213)   (10.621.110)
             
Adjustments for calculation of the effective rate:         
             
•   Permanent additions, net    (99.760)   (821.461)
             
•   Tax incentives    214.780    216.114 
             
•   Credit resulting from inclusion of interest on shareholders' equity as operating expenses    2.386.549    2.160.685 
             
•   Other items    74.626    (144.096)
         
             
Expense for provision for income and social contribution taxes    (14.884.018)   (9.209.868)
         
             
Deferred income tax/social contribution    (5.736.891)   (619.148)
Current income tax/social contribution    (9.147.127)   (8.590.720)
         
             
        (14.884.018)   (9.209.868)
         
             
Effective rate of income and social contribution taxes    28,9%    29,5% 
         

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

b) Parent company

    R$ thousand 
   
    Jan-Sep 2008    Jan-Sep 2007 
     
         
Income for the period before taxes and after employee profit sharing    39.116.586    24.016.184 
     
         
Income and social contribution taxes at nominal rates (34%)   (13.299.639)   (8.165.502)
         
Adjustments for calculation of the effective rate:         
         
   • Permanent additions, net    467.924    (442.204)
         
   • Tax incentives    109.980    103.919 
         
   • Credit resulting from inclusion of interest on shareholders’ equity        1.491.593 
         
   • Other items    74.626    (144.095)
     
         
Expense for provision for income and social contribution taxes    (12.647.109)   (7.156.289)
     
         
Deferred income and social contribution taxes    (1.114.362)   (444.455)
Current income and social contribution taxes    (11.532.747)   (6.711.834)
     
         
    (12.647.109)   (7.156.289)
     
         
Effective rate of income and social contribution taxes    32,3%    29,8% 
     
This excerpt taken from the PBR 6-K filed Aug 13, 2008.

b) Parent Company

        R$ thousand 
     
        Jan-Jun/2008    Jan-Jun/2007 
       
Income for the period before tax and after profit sharing    22.089.460    16.230.814 
     
Income tax and social contribution at nominal rates (34%)   (7.510.417)   (5.518.477)
Adjustments to determine effective rate:         
•    Permanent additions, net    (257.057)   (372.895)
•    Equity pick-up/Goodwill    654.071    190.167 
•    Tax incentives    65.943    56.970 
•    Credits resulting from inclusion of Interest on share capital        745.796 
•    Other    74.625    (144.707)
       
Expense for income tax and social contribution provisions    (6.972.835)   (5.043.146)
     
Deferred income tax and social contribution    (782.117)   505.867 
Current income tax and social contribution    (6.190.718)   (5.549.013)
     
        (6.972.835)   (5.043.146)
       
Effective rate of income tax and social contribution    31,6%    31,1% 
     

This excerpt taken from the PBR 6-K filed Mar 4, 2008.

b) Parent Company

    2007    2006 
     
Income before taxes and after profit sharing for employees    31.238.559    36.670.909 
Income tax and social contribution at nominal rates (34%)   (10.621.110)   (12.468.109)
Adjustments to determine effective rate:         
  • Permanent additions, net 
   (821.461)   (704.908)
  • Tax incentives 
   216.114    303.204 
  • Interest on shareholder’s capital 
   2.160.685    2.161.455 
  • Other 
   (144.096)   100.622 
     
Expense for income tax and social contribution provisions    (9.209.868)   (10.607.736)
     
Deferred income tax and social contribution    (619.148)   (1.241.563)
Current income tax and social contribution    (8.590.720)   (9.366.173)
     
    (9.209.868)   (10.607.736)
     
Effective rate of income tax and social contribution    29,5%    28,9% 
     

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

Parent Company

    R$ thousand 
   
    JAN-SEP/2007    JAN-SEP/2006 
     
Income before tax and after profit sharing employees    24.016.184    29.609.406 
     
Income tax and social contribution at nominal rates (34%)   (8.165.502)   (10.067.198)
Adjustments to determine effective rate:         
• Permanent additions, net    (546.280)   (567.434)
• Equity pick-up    101.126    194.149 
• Goodwill/Discount amortization    2.950    2.692 
• Tax incentives    103.919    62.088 
• Prior year income tax and social contribution adjustment    (144.095)   100.622 
• Credit due to inclusion of JSCP as operating expenses    1.491.593    1.491.593 
     
 
Expense for income tax and social contribution    (7.156.289)   (8.783.488)
     
Deferred income tax and social contribution    (444.455)   391.170 
Current income tax and social contribution    (6.711.834)   (9.174.658)
     
    (7.156.289)   (8.783.488)
     

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

Parent Company

    R$ thousand 
   
    JAN-JUN/2007    JAN-JUN/2006 
     
 
Income before tax and after profit sharing employees    16.230.814    20.880.332 
     
Income tax and social contribution at nominal rates (34%)   (5.518.477)   (7.099.313)
Adjustments to determine effective rate:         
• Permanent additions, net    (372.895)   (254.227)
• Equity pick-up    186.624    356.941 
• Goodwill/Discount amortization    3.543    2.100 
• Tax incentives    56.970    27.287 
• Prior year income tax and social contribution adjustment    (144.707)   100.622 
• Overseas earnings         
• Credit due to inclusion of JSCP as operating expenses    745.796     
     
 
Expense for income tax and social contribution         
    (5.043.146)   (6.866.590)
     
Deferred income tax and social contribution    505.867    (679.962)
Current income tax and social contribution    (5.549.013)   (6.186.628)
     
    (5.043.146)   (6.866.590)
     

This excerpt taken from the PBR 6-K filed Jun 8, 2007.

Parent Company

    R$ thousand 
   
    JAN-MAR/2007    JAN-MAR/2006 
     
Income before tax and after profit sharing employees    6.791.071    10.267.978 
     
Income tax and social contribution at nominal rates (34%)   (2.308.964)   (3.491.113)
Adjustments to determine effective rate:         
• Permanent additions, net    (178.864)   (218.237)
• Equity pickup    16.927    115.266 
• Goodwill/Discount amortization    804    1.483 
• Tax incentives    12.677    5.385 
• Prior year income tax and social contribution adjustment    2.669    247.462 
• Overseas earnings        (14.459)
     
Expense for income tax and social contribution    (2.454.751)   (3.354.213)
     
Deferred income tax and social contribution    (35.641)   (726.519)
Current income tax and social contribution    (2.419.110)   (2.627.694)
     
    (2.454.751)   (3.354.213)
     

This excerpt taken from the PBR 6-K filed Nov 17, 2006.

Parent Company

    R$ Thousand 
   
    Jan-Sep/2006    Jan-Sep/2005 
     
Income before taxes/participations    29.609.406    22.545.103 
     
Income tax and social contribution at nominal rates         
(34%)   (10.067.198)   (7.665.335)
Adjustments to determine effective rate:         
• Permanent additions, net    (508.118)   (475.815)
• Equity pickup    194.149    382.700 
• Credits due to the inclusion of interest on capital as operating expenses   1.491.593    745.646 
• Goodwill/discount amortization    2.692    (12.266)
• Tax incentives    62.088    27.692 
• IRPJ and CSLL adjustment made for prior years   100.622    1.312 
• Foreign profit        (15.224)
• Other    (59.316)   (49.131)
     
Provision for income tax and social Contribution    (8.783.488)   (7.060.421)
     
Deferred income tax and social contribution    391.170    (1.058.567)
Current income tax and social contribution    (9.174.658)   (6.001.854)
     
    (8.783.488)   (7.060.421)
     

This excerpt taken from the PBR 6-K filed Aug 25, 2006.

Parent Company

    R$ Thousand 
   
    JAN-JUN/2006   JAN-JUN/2005 
     
         
Income before taxes/participations    20.880.332    13.752.415 
     
Income tax and social contribution at nominal rates         
(34%)   (7.099.313)   (4.675.821)
Adjustments to determine effective rate:         
• Permanent additions, net    (228.833)   (330.485)
• Equity pickup    356.941    353.956 
• Credits due to the inclusion of interest on         
      capital as operating expenses        745.655 
• Goodwill/discount amortization    2.100    (12.846)
• Tax incentives    27.275    19.790 
• IRPJ and CSLL adjustment made for prior         
        years    100.622    1.312 
• Foreign profit        (15.880)
• Other items    (25.382)   (31.642)
     
Provision for income tax and social Contribution    (6.866.590)   (3.945.961)
     
Deferred income tax and social contribution    (679.962)   (946.858)
Current income tax and social contribution    (6.186.828)   (2.999.103)
     
    (6.866.590)   (3.945.961)
     

59

This excerpt taken from the PBR 6-K filed Jun 26, 2006.

Parent Company

    R$ Thousand 
   
    JAN-MAR/2006    JAN-MAR/2005 
     
Income before social contributions and income tax    10,267,978    7,493,215 
       
Income tax and social contribution at nominal rates (34%)   (3,491,113)   (2,547,693)
Adjustments to determine effective rate:         
•  Permanent additions, net    (181,045)   (143,383)
• Equity pickup    115,266    324,846 
• Goodwill/discount amortization    1,483    (13,404)
• Credits reversion above ten years    (37,192)   (11,735)
• Tax incentives    5,385    5,475 
• Adjustments IRPJ and CSLL for prior periods    247,462    - 
• Foreign profit    (14,459)   - 
       
 
 Provision for income tax and social
Contribution		        
(3,354,213)   (2,385,894)
       
   Deferred income tax and social contribution    (726,519)   (538,132)
   Current income tax and social contribution    (2,627,694)   (1,847,762)
       
    (3,354,213)   (2,385,894)
       

54

This excerpt taken from the PBR 6-K filed Aug 19, 2005.

Parent Company

    R$ Thousand 
   
    JAN-JUN/2005    JAN-JUN/2004 
     
Income before social contributions and         
income tax    13.752.415    12.724.012 
         
     
Income tax and social contribution at         
   nominal rates (34%)   (4.675.821)   (4.326.164)
         
Adjustments to determine effective rate:         
         
•          Permanent additions, net   (330.485)   (247.534)
•          Equity pickup    353.956    391.126 
•          Credits for inclusion of interest on equity    745.655     
•          Discount amortization    (12.846)   (952)
•          Reversal of credits above ten years    (31.654)   (161.147)
•          Tax incentives    19.790    11.393 
•          IRPJ and CSLL prior year adjustments    1.312    43.210 
•          Foreign gains    (15.880)   (5.028)
•          Other items    12    12 
     
         
   Provision for income tax and social         
     Contribution   (3.945.961)   (4.295.084)
     
         
   Deferred income tax and social contribution    (946.858)   (1.241.391)
   Current income tax and social contribution    (2.999.103)   (3.053.693)
     
    (3.945.961)   (4.295.084)
     

55

EXCERPTS ON THIS PAGE:

6-K
Nov 19, 2009
6-K
Aug 18, 2009
6-K
Jun 8, 2009
6-K
Mar 31, 2009
6-K
Nov 12, 2008
6-K
Aug 13, 2008
6-K
Mar 4, 2008
6-K
Nov 21, 2007
6-K
Aug 21, 2007
6-K
Jun 8, 2007
6-K
Nov 17, 2006
6-K
Aug 25, 2006
6-K
Jun 26, 2006
6-K
Aug 19, 2005

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