PBR » Topics » Selected Balance Sheet Data for International Segment

This excerpt taken from the PBR 6-K filed Nov 28, 2006.

Selected Balance Sheet Data for International Segment

    Nine-month period ended September 30, 2006 
    U.S.$ million 
    INTERNATIONAL 
                             
    E&P    SUPPLY    GAS & 
ENERGY. 
  DISTRIB.    CORPOR.    ELIMIN.    TOTAL 
                             
INTERNATIONAL                             
ASSETS (1)   6,584    1,799    1,304    308    753    (1,830)   8,918 
               
STATEMENT OF INCOME                             
Net Operating Revenues    1,935    2,007    566    1,062    18    (1,657)   3,931 
               
Net operating revenues to third parties    579    899    535    1,056    18      3,087 
Inter-segment net operating revenues    1,356    1,108    31        (1,657)   844 
               
Net income (loss)   314    47    60    (33)   (134)   (10)   244 
               

(1) In order to align the financial statements of each business segment with the best practices of companies in the Oil & Gas sector and to improve the understanding of Petrobras’ management, the Company, since the first quarter of 2006, switched to allocating all financial results and items of a financial nature to the corporate level.

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    U.S.$ million 
    INTERNATIONAL 
                             
    E&P    SUPPLY    GAS & 
ENERGY. 
  DISTRIB.    CORPOR.    ELIMIN.    TOTAL 
INTERNATIONAL                             
 
ASSETS (As of December 31, 2005) (1)   5,880    1,271    1,002    172    727    (1,711)   7,341 
               
STATEMENT OF INCOME                             
(Nine-month period ended September 30, 2005)                            
Net Operating Revenues    1,780    1,758    409    815    21    (1,445)   3,338 
               
Net operating revenues to third parties    689    771    386    812    21      2,679 
Inter-segment net operating revenues    1,091    987    23        (1,445)   659 
               
Net income (loss)   435    50    38    (18)   (108)   16    413 
               

(1) In order to align the financial statements of each business segment with the best practices of companies in the Oil & Gas sector and to improve the understanding of Petrobras’ management, the Company, since the first quarter of 2006, switched to allocating all financial results and items of a financial nature to the corporate level. As a result of this change, the income tax, employee profit share and minority interest line items were adjusted.

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This press release contains statements that constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and that may be incapable of being realized. Prospective investors are cautioned that any such forward looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements, which speak only as of the date made.

http: //www.petrobras.com.br/ri/english 

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