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PBR » Topics » 22.1 Provisions for legal proceedings

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

22.1 Provisions for legal proceedings

Petrobras and its subsidiaries, in the normal course of their operation, are parties to legal proceedings involving labor, tax, civil and environmental issues. The Company recorded provisions for legal proceedings in amounts considered by its legal counsel and Management as sufficient to cover probable losses. At September 30, 2009, these provisions are presented as follows, according to the nature of the corresponding lawsuits:

    R$ thousand 
   
    Consolidated    Parent Company 
     
    09.30.2009    06.30.2009    09.30.2009    06.30.2009 
         
Social security contingencies    54.000    54.000    54.000    54.000 
Tax proceedings    2.048.310    0    2.048.310     
         
Total current liabilities    2.102.310    54.000    2.102.310    54.000 
         
 
Labour grievances    99.404    96.859    14.554    14.130 
Tax proceedings    123.956    120.936    1.736    1.694 
Civil proceedings (*)   441.829    458.875    177.944    184.443 
Other contingencies    122.116    128.858         
         
Total non-current liabilities    787.305    805.528    194.234    200.267 
         
 
Total contingencies    2.889.615    859.528    2.296.544    254.267 
         

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

22.1 Provisions for legal proceedings

Petrobras and its subsidiaries, in the normal course of their operation, are parties to legal proceedings involving labor, tax, civil and environmental issues. The Company recorded provisions for legal proceedings in amounts considered by its legal counsel and Management as sufficient to cover probable losses. As of June 30, 2009, these provisions are presented as follows, according to the nature of the corresponding lawsuits:

        R$ thousand     
     
    Consolidated    Parent company 
     
    06.30.2009    03.31.2009    06.30.2009    03.31.2009 
         
Social security contingencies    54.000    54.000    54.000    54.000 
         
 
Labour grievances    96.859    96.236    14.130    13.698 
Tax proceedings    120.936    132.895    1.694    1.638 
Civil proceedings (*)   458.875    510.920    184.443    191.662 
Other contingencies    128.858    122.373    0     
         
Total non-current liabilities    805.528    862.424    200.267    206.998 
         
 
Total contingencies    859.528    916.424    254.267    260.998 
         

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

22.1 Provisions for legal proceedings

Petrobras and its subsidiaries are parties to legal proceedings involving labor, tax, civil and environmental issues. The company recorded provisions for legal proceedings in amounts considered by its legal counsel and management as sufficient to cover probable losses. At March 31, 2009, these provisions are presented as follows, according to the nature of the corresponding lawsuits:

        R$ thousand     
     
    Consolidated    Parent company 
     
    03.31.2009    12.31.2008    03.31.2009    12.31.2008 
         
Social security contingencies    54.000    54.000    54.000    54.000 
         
 
Labor grievances    96.236    96.640    13.698    13.233 
Tax proceedings    132.895    141.677    1.638    1.592 
Civil proceedings (*)   510.920    500.759    191.662    188.460 
Other contingencies    122.373    151.250         
         
Total non-current liabilities    862.424    890.326    206.998    203.285 
         
 
Total contingencies    916.424    944.326    260.998    257.285 
         
 
(*) Net of deposit in court, when applicable.             

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

25.1 Provisions for legal proceedings

Petrobras and its subsidiaries are parties to legal proceedings involving labor, tax, civil and environmental issues. The company recorded provisions for legal proceedings in amounts considered by its legal counsel and management as sufficient to cover probable losses. At December 31, 2008, these provisions are presented as follows, according to the nature of the corresponding lawsuits:

    Consolidated    Parent company 
     
    2008    2007    2008    2007 
         
Social security contingencies    54.000    54.000    54.000    54.000 
 
Labour grievances    96.640    90.022    13.233    11.905 
Tax proceedings    141.677    205.039    1.592    9.948 
Civil proceedings (*)   500.759    248.544    188.460    186.562 
Other contingencies    151.250    70.364         
         
Total non-current liabilities    890.326    613.969    203.285    208.415 
         
Total contingencies    944.326    667.969    257.285    262.415 
         
 
(*) Net of deposit in court, when applicable.                 

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Table of Contents

EXCERPTS ON THIS PAGE:

6-K
Nov 19, 2009
6-K
Aug 18, 2009
6-K
Jun 8, 2009
6-K
Mar 31, 2009

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