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Financial Statements
|
2004 |
(in thousand
of R$) |
4th Q |
3rd Q |
2nd Q |
1st Q |
Gross Sales |
4,375,397 |
3,760,507 |
3,747,235 |
3,414,307 |
Net Sales |
3,595,208 |
3,098,971 |
3,061,425 |
2,809,413 |
Cost of Sales |
(2,560,834) |
(2,174,215) |
(2,154,606) |
(2,001,821) |
Gross Profit |
1,034,374 |
924,756 |
906,819 |
807,592 |
% of Net Sales |
28.8% |
29.8% |
29.6% |
28.7% |
Selling Expenses |
(617,407) |
(535,408) |
(529,717) |
(478,149) |
% of Net Sales |
-17.2% |
-17.3% |
-17.3% |
-17.0% |
General and Administrative Expenses |
(119,302) |
(113,902) |
(122,571) |
(113,285) |
Taxes and charges |
-3.3% |
-3.7% |
-4.0% |
-4.0% |
% of Net Sales |
(14,745) |
(16,514) |
(15,497) |
(14,011) |
Total Operating Expenses |
-0.4% |
-0.5% |
-0.5% |
-0.5% |
% of Net Sales |
(751,454) |
(665,824) |
(667,785) |
(605,445) |
EBITDA |
-20.9% |
-21.5% |
-21.8% |
-21.6% |
EBITDA Margin (%) |
282,920 |
258,932 |
239,034 |
202,147 |
Depreciation |
7.9% |
8.4% |
7.8% |
7.2% |
% of Net Sales |
(117,026) |
(88,882) |
(79,895) |
(82,465) |
Amortization of the Deferred Assets |
-3.3% |
-2.9% |
-2.6% |
-2.9% |
% of Net Sales |
(26,512) |
(42,391) |
(31,348) |
(21,050) |
EBIT |
-0.7% |
-1.4% |
-1.0% |
-0.7% |
EBIT Margin (%) |
139,382 |
127,659 |
127,791 |
98,632 |
Taxes and Charges |
3.9% |
4.1% |
4.2% |
3.5% |
Financial Expense |
(154,143) |
(147,293) |
(157,978) |
(158,854) |
Financial Income |
84,850 |
79,249 |
91,251 |
75,252 |
Exchange Variation |
- |
- |
- |
- |
Net Financial
Income (Loss) |
(69,293) |
(68,044) |
(66,727) |
(83,602) |
% of Net Sales |
-1.9% |
-2.2% |
-2.2% |
-3.0% |
Equity Income |
3,078 |
3,786 |
(817) |
(740) |
Non-Operating Results |
(6,231) |
87,080 |
(703) |
132 |
Income Tax |
43,294 |
12,399 |
(10,997) |
4,848 |
Minority Shares |
16,796 |
8,117 |
9,672 |
8,634 |
Employed's Profit Sharing |
(14,317) |
|
|
|
Net Income |
112,709 |
170,997 |
58,219 |
27,904 |
Net Income per Share |
0.99 |
1.51 |
0.51 |
0.25 |
Number of Shares |
113,522,239 |
113,522,239 |
113,522,239 |
113,522,239 |
Share Price |
68.7 |
57.9 |
52.5 |
60.7 |
Market Value (thousand) |
7,798,978 |
6,572,938 |
5,959,918 |
6,890,800 |
| Balance Sheet |
2004 |
| (in thousand
of R$) |
4th Q |
3rd Q |
2nd Q |
1st Q |
| Current Assets |
4,266,462 |
2,918,695 |
2,798,574 |
3,220,132 |
| Cash and Banks |
1,179,470 |
682,783 |
574,505 |
981,913 |
| Inventories |
1,089,648 |
1,047,608 |
910,017 |
943,634 |
| Receivables |
497,634 |
327,024 |
516,910 |
603,986 |
| Other |
1,499,710 |
861,280 |
797,142 |
690,599 |
| Long-Term Receivables |
1,015,515 |
973,198 |
908,276 |
837,658 |
| Property and Equipment |
4,425,445 |
4,337,655 |
4,317,036 |
3,986,044 |
| Investments |
263,621 |
602,421 |
233,312 |
241,068 |
| Deferred Charges |
1,069,174 |
1,086,381 |
1,176,045 |
655,002 |
| Goodwill |
1,027,691 |
1,052,412 |
1,132,795 |
592,609 |
| Pre-Operating Expenses |
41,483 |
33,969 |
43,250 |
62,393 |
| Exchange Variation |
- |
- |
- |
- |
| Total Assets |
11,040,217 |
9,918,350 |
9,433,243 |
8,939,904 |
| Current Liabilities |
3,248,421 |
2,783,267 |
2,574,886 |
2,853,957 |
| Suppliers |
1,545,449 |
1,246,439 |
1,086,345 |
1,190,217 |
| Short Term Financing |
1,234,898 |
1,159,449 |
1,155,465 |
1,326,733 |
| Short Term Debentures |
69,416 |
52,358 |
66,371 |
61,024 |
| Short Payable on Purchase of
Assets |
12,636 |
8,348 |
11,337 |
8,263 |
| Short Term Other |
386,022 |
316,673 |
255,368 |
267,720 |
| Long-Term Financing |
875,911 |
1,020,374 |
1,039,920 |
639,659 |
| Long-Term Debentures |
524,553 |
523,464 |
563,334 |
441,413 |
| Long-Term Payable on Purchase
of Assets |
3,105 |
3,069 |
3,029 |
2,962 |
| Long-Term Provision for Contingencies |
922,324 |
887,601 |
847,840 |
1,134,251 |
| Long-Term Other |
1,063,342 |
449,656 |
316,196 |
99,240 |
| Minority Shares |
351,571 |
223,578 |
231,695 |
- |
| Shareholder's Equity |
4,050,990 |
4,027,341 |
3,856,343 |
3,768,422 |
| Total Liabilities
and Shareholder's Equity |
11,040,217 |
9,918,350 |
9,433,243 |
8,939,904 |
EBITDA = Earnings Before Interest, Tax, Depreciation and Amortization.
EBIT = Earnings Before Interest and Tax.
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