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PBR » Topics » 6. Statement of Parent Company Net Income for Dividend Purposes

This excerpt taken from the PBR 6-K filed Mar 7, 2008.

6. Statement of Parent Company Net Income for Dividend Purposes

    R$ Million 
    Year End 
    2007 
Net Income for the year    22,029 
Appropriation:     
         Statutory Reserve    (1,102)
   
    20,927 
(+) Reversal of Reserves/Addition:     
         Revaluation Reserve    5 
   
(=) Basic Profit for Dividend Purposes    20,932 
   
     
     
Proposed dividend, equivalent to 31,44% of basic net income - R$ 1,50 per share (31,27% in 2006, R$ 1,80 per share), comprised of:     
     Interests on Own Capital    6,361 
     Dividends    220 
   
Dividends Proposed Total    6,581 
   

34

PETROBRAS SYSTEM  Appendices
1
     

Proposed dividends for the year ended 2007 in the amount of R$ 6,581 million (R$ 1.50 per share), are composed down as follows:

    Value per Share    Value 
DIVIDENDS TO BE DELIBERATED AT THE GENERAL ORDINARY MEETING    ON and PN    R$ Million 
 
Interest on Own Capital - Approved by the Board of Directors on 07.25.2007 - Paid on 01.23.2008, on the shareholder position of 08.17.2007. 
   0.50    2,194 
 
Interest on Own Capital - Approved by the Board of Directors 09.21.2007, to be held up to 03.31.2008, on the shareholder position of 10.05.2007. 
   0.50    2,193 
 
Interest on Own Capital - Approved by the Board of Directors 12.27.2007, to be held up to 04.30.2008, on the shareholder position of 01.11.2008. 
   0.30    1,316 
 
Dividends - Proposed by the Board of Directors on 02.28.2008. The payment date will be determined at the General Ordinary Meeting to be held 04.04.2008, on the shareholder position of the same date. 
   0.15    658 
       
  0.05    220 
     
 
TOTAL DIVIDENDS    1.50    6,581 
     

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