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PBR » Topics » 4.13 Schedule stoppages

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

4.13 Schedule stoppages

The Company adopts as an accounting practice the recording in property, plant and equipment of material expenditures made with maintenance of the industrial units and ships, which include spare parts, and assembly and disassembly services, amongst others.

These stoppages occur in programmed periods, on average every four years, and the respective expenses are depreciated as a production cost until the beginning of the following stoppage.

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