Send us Feedback

Petrobras (PBR)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL
STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW

PBR » Topics » 21.1 Provision for contingencies

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

21.1 Provision for contingencies

Petrobras and its subsidiaries are parties to judicial proceedings involving tax, labor, civil and environmental issues, arising from the normal course of operations. Based on the advice of its legal counsel, management has recorded the provisions for legal proceedings in amounts considered sufficient to cover probable losses. At September 30, 2008, these provisions are presented as follows, in accordance with the nature of the corresponding lawsuits:

    R$ thousand 
   
    Consolidated    Parent company 
     
    09.30.2008    06.30.2008    09.30.2008    06.30.2008 
       
Social Security contingencies    54.000    54.000    54.000    54.000 
       
 
Labor claims    111.031    98.769    13.103    22.877 
Tax proceedings    161.466    151.012    10.828    10.503 
Civil proceedings (*)   405.826    358.299    166.340    163.622 
Other contingencies    93.794    84.715         
       
Total non-current liabilities    772.117    692.795    190.271    197.002 
       
 
Total contingencies    826.117    746.795    244.271    251.002 
       

"21.1 Provision for contingencies" elsewhere:

BRAZILIAN DISTRIBUTION CO COMPANHIA BRASILEIRA DE DISTR CBD (CBD)
Gerdau S.A. (GGB)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki