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Financial Statements
|
2002 |
| (in thousand
of R$) |
4th Q |
3rd Q |
2nd Q |
1st Q |
| Gross Sales |
3,404,174 |
2,724,247 |
2,490,039 |
2,535,619 |
| Net Sales |
2,889,992 |
2,307,477 |
2,107,516 |
2,149,684 |
| Cost of Sales |
(2,113,611) |
(1,638,531) |
(1,507,318) |
(1,550,128) |
| Gross Profit |
776,381 |
668,946 |
600,198 |
599,556 |
| % of Net Sales |
26.9% |
29.0% |
28.5% |
27.9% |
| Selling Expenses |
(443,431) |
(383,459) |
(344,914) |
(342,021) |
| % of Net Sales |
-15.3% |
-16.6% |
-16.4% |
-15.9% |
| General and Administrative Expenses |
(92,413) |
(94,041) |
(83,053) |
(80,559) |
| Taxes and charges |
-3.2% |
-4.1% |
-3.9% |
-3.7% |
| % of Net Sales |
(28,189) |
(16,609) |
(13,793) |
(12,865) |
| Total Operating Expenses |
-1.0% |
-0.7% |
-0.7% |
-0.6% |
| % of Net Sales |
(564,033) |
(494,109) |
(441,760) |
(435,445) |
| EBITDA |
-19.5% |
-21.4% |
-21.0% |
-20.3% |
| EBITDA Margin (%) |
212,348 |
174,837 |
158,438 |
164,111 |
| Depreciation |
7.3% |
7.6% |
7.5% |
7.6% |
| % of Net Sales |
(84,262) |
(63,146) |
(65,861) |
(59,812) |
| Amortization of the Deferred Assets |
-2.9% |
-2.7% |
-3.1% |
-2.8% |
| % of Net Sales |
(45,762) |
(38,144) |
(29,387) |
(27,243) |
| EBIT |
-1.6% |
-1.7% |
-1.4% |
-1.3% |
| EBIT Margin (%) |
82,324 |
73,547 |
63,190 |
77,056 |
| Taxes and Charges |
2.8% |
3.2% |
3.0% |
3.6% |
| Financial Expense |
(155,390) |
(170,390) |
(144,121) |
(113,926) |
| Financial Income |
57,141 |
132,371 |
143,445 |
105,831 |
| Exchange Variation |
(4,479) |
(4,477) |
(4,477) |
(4,477) |
| Net Financial
Income (Loss) |
(102,728) |
(42,496) |
(5,153) |
(12,572) |
| % of Net Sales |
-3.6% |
-1.8% |
-0.2% |
-0.6% |
| Equity Income |
(5,091) |
(5,539) |
1,372 |
- |
| Non-Operating Results |
1,894 |
1,031 |
1,046 |
509 |
| Income Tax |
126,074 |
9,686 |
(9,832) |
(8,097) |
| Minority Shares |
- |
- |
- |
(1,099) |
| Employed's Profit Sharing |
- |
- |
- |
- |
| Net Income |
102,473 |
36,229 |
50,623 |
55,797 |
| Net Income per Share |
0.91 |
0.32 |
0.45 |
0.49 |
| Number of Shares |
113,186,139 |
113,064,539 |
113,064,539 |
113,061,139 |
| Share Price |
54.5 |
47 |
50.5 |
51.77 |
| Market Value (thousand) |
6,168,645 |
5,314,033 |
5,709,759 |
5,853,175 |
| Balance Sheet |
2002 |
| (in thousand
of R$) |
4th Q |
3rd Q |
2nd Q |
1st Q |
| Current Assets |
3,733,022 |
3,152,361 |
3,422,175 |
2,880,501 |
| Cash and Banks |
1,135,158 |
1,124,252 |
1,409,763 |
1,038,541 |
| Inventories |
980,794 |
705,720 |
666,345 |
633,234 |
| Receivables |
1,087,891 |
1,035,417 |
1,057,737 |
1,020,618 |
| Other |
529,179 |
286,972 |
288,330 |
188,108 |
| Long-Term Receivables |
667,610 |
498,362 |
467,774 |
442,254 |
| Property and Equipment |
3,741,504 |
3,534,270 |
3,466,518 |
3,034,131 |
| Investments |
271,088 |
374,061 |
262,163 |
122,173 |
| Deferred Charges |
774,466 |
750,392 |
786,571 |
820,435 |
| Goodwill |
669,254 |
630,663 |
648,845 |
664,558 |
| Pre-Operating Expenses |
100,734 |
110,772 |
124,292 |
137,966 |
| Exchange Variation |
4,478 |
8,957 |
13,434 |
17,911 |
| Total Assets |
9,187,690 |
8,309,446 |
8,405,201 |
7,299,494 |
| Current Liabilities |
3,229,408 |
2,801,451 |
2,936,397 |
2,230,136 |
| Suppliers |
1,409,616 |
773,910 |
711,009 |
676,985 |
| Short Term Financing |
1,486,120 |
1,792,426 |
1,715,048 |
477,991 |
| Short Term Debentures |
79,991 |
16,606 |
24,466 |
20,731 |
| Short Payable on Purchase of
Assets |
6,237 |
5,970 |
260,969 |
23,521 |
| Short Term Other |
247,444 |
212,539 |
224,905 |
253,492 |
| Long-Term Financing |
873,416 |
956,624 |
1,020,737 |
773,098 |
| Long-Term Debentures |
476,258 |
110,636 |
122,668 |
121,004 |
| Long-Term Payable on Purchase
of Assets |
2,748 |
15,122 |
13,505 |
23,905 |
| Long-Term Provision for Contingencies |
988,991 |
865,808 |
786,805 |
683,236 |
| Long-Term Other |
24,829 |
13,208 |
14,721 |
8,428 |
| Shareholder's Equity |
3,592,040 |
3,546,597 |
3,510,368 |
3,459,687 |
| Total Liabilities
and Shareholder's Equity |
9,187,690 |
8,309,446 |
8,405,201 |
7,299,494 |
EBITDA = Earnings Before Interest, Tax, Depreciation and Amortization.
EBIT = Earnings Before Interest and Tax.
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