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This excerpt taken from the PBR 6-K filed Nov 17, 2006. a) Ventures under negotiation The balance relating to ventures under negotiation includes the disbursements made by PETROBRAS on projects where there are still no defined partners and which are classified under Non-Current Assets as Structured Projects, as shown below:
This excerpt taken from the PBR 6-K filed Aug 25, 2006. a) Ventures under negotiation The balance relating to ventures under negotiation includes the disbursements made by PETROBRAS on projects where there are still no defined partners and which are classified under Non-Current Assets as Structured Projects, as shown below:
This excerpt taken from the PBR 6-K filed Jun 26, 2006. a) Ventures under negotiation The balance relating to ventures under negotiation includes the disbursements made by PETROBRAS on projects where there are still no defined partners and which are classified under Non-Current Assets as Structured Projects, as shown below: 18
This excerpt taken from the PBR 6-K filed Aug 19, 2005. a) Ventures under negotiation The balance relating to ventures under negotiation includes the disbursements made by PETROBRAS on projects where there are still no defined partners and which are classified under Noncurrent Assets as Structured Projects, as shown below:
In line with CVM Instruction No. 408/2004, these expenses are classified in permanent assets – property, plant and equipment in the consolidated financial statements. 19 This excerpt taken from the PBR 6-K filed Mar 18, 2005. (a) Ventures under negotiation These balances involve project costs for which no partnership has yet been obtained as well as the balance of compensation for amounts already spent by PETROBRAS in the projects for which partnerships have been obtained. These amounts are classified under noncurrent assets as project financings, as shown bellow:
As the expenses with the gas flow and treatment plan in connection with the Cabiúnas Project refer to long-term service rendering, they were reclassified from ventures under negotiation to reimbursements receivable, in conformity with the service agreement between PETROBRAS, as subcontracted, and the consortium formed by the companies Toyo Engineering Corporation, headquartered in Japan, Setal Overseas Limited, located on the Cayman Islands and TOYO-SETAL do Brasil LTDA., headquartered in Macaé, Rio de Janeiro, Brazil. The expenses with the Malhas Sudeste/Nordeste Project were reclassified from ventures under negotiation to reimbursements receivable due to the closing of the operation. | EXCERPTS ON THIS PAGE:
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