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Financial Statements
|
2005 |
(in thousand
of R$) |
4 th Q |
3rd Q |
2nd Q |
1st Q |
| Gross Sales |
4,522,079 |
3,863,972 |
3,791,650 |
3,943,262 |
| Net Sales |
3,772,986 |
3,217,177 |
3,157,147 |
3,266,086 |
| Cost of Sales |
(2,682,673) |
(2,239,459) |
(2,193,127) |
(2,322,867) |
| Gross Profit |
1,090,313 |
977,718 |
964,020 |
943,219 |
| % of Net Sales |
28.9% |
30.4% |
30.5% |
28.9% |
| Selling Expenses |
(620,112) |
(570,457) |
(557,934) |
(551,523) |
| % of Net Sales |
-16.4% |
-17.7% |
-17.7% |
-16.9% |
| General and Administrative Expenses |
(157,833) |
(113,806) |
(114,611) |
(119,402) |
| Taxes and charges |
-4.2% |
-3.5% |
-3.6% |
-3.7% |
| % of Net Sales |
(9,249) |
(18,427) |
(18,409) |
(17,065) |
| Total Operating Expenses |
-0.2% |
-0.6% |
-0.6% |
-0.5% |
| % of Net Sales |
(787,194) |
(702,690) |
(690,954) |
(687,990) |
| EBITDA |
-20.9% |
-21.8% |
-21.9% |
-21.1% |
| EBITDA Margin (%) |
303,119 |
275,028 |
273,066 |
255,229 |
| Depreciation |
8.0% |
8.5% |
8.6% |
7.8% |
| % of Net Sales |
(169,957) |
(94,478) |
(93,175) |
(88,572) |
| Amortization of the Deferred Assets |
-4.5% |
-2.9% |
-3.0% |
-2.7% |
| % of Net Sales |
(68,698) |
(40,938) |
(36,297) |
(33,166) |
| EBIT |
-1.8% |
-1.3% |
-1.1% |
-1.0% |
| EBIT Margin (%) |
64,464 |
139,612 |
143,594 |
133,491 |
| Taxes and Charges |
1.7% |
4.3% |
4.5% |
4.1% |
| Financial Expense |
(148,549) |
(185,705) |
(178,925) |
(170,368) |
| Financial Income |
103,651 |
125,338 |
115,635 |
102,074 |
| Exchange Variation |
- |
- |
- |
- |
| Net Financial
Income (Loss) |
(44,898) |
(60,367) |
(63,290) |
(68,294) |
| % of Net Sales |
-1.2% |
-1.9% |
-2.0% |
-2.1% |
| Equity Income |
(4,001) |
(6,444) |
(5,370) |
(375) |
| Non-Operating Results |
37,923 |
1,752 |
(718) |
(6,826) |
| Income Tax |
(594) |
(17,647) |
(21,757) |
(12,996) |
| Minority Shares |
20,347 |
15,896 |
15,203 |
12,738 |
| Employed's Profit Sharing |
(8,453) |
(2,500) |
(3,500) |
- |
| Net Income |
64,788 |
72,802 |
67,662 |
57,738 |
| Net Income per Share |
0.57 |
0.64 |
0.60 |
0.51 |
| Number of Shares |
113,667,915 |
113,522,239 |
113,522,239 |
113,522,239 |
| Share Price |
76.9 |
64 |
56.5 |
46.85 |
| Market Value (thousand) |
8,741,063 |
7,265,423 |
6,414,007 |
5,318,517 |
| Balance Sheet |
2005 |
| (in thousand
of R$) |
4th Q |
3rd Q |
2nd Q |
1st Q |
| Current Assets |
4,910,375 |
4,323,383
|
3,510,986 |
3,909,920 |
| Cash and Banks |
1,710,837 |
1,601,502 |
741,906 |
926,787 |
| Inventories |
1,115,286 |
1,113,271 |
983,860 |
1,049,477 |
| Receivables |
396,392 |
221,687
|
369,060 |
412,476 |
| Other |
1,687,860 |
1,386,923
|
1,416,160 |
1,521,180 |
| Long-Term Receivables |
943,576 |
1,138,377
|
1,102,699 |
1,038,297 |
| Property and Equipment |
3,861,714 |
3,770,617 |
4,589,720 |
4,474,655 |
| Investments |
227,632 |
238,115 |
249,989 |
259,901 |
| Deferred Charges |
979,915 |
1,015,245 |
996,602 |
1,036,858 |
| Goodwill |
918,224 |
957,871 |
978,647 |
1,007,796 |
| Pre-Operating Expenses |
61,691 |
57,374 |
17,955 |
29,062 |
| Exchange Variation |
- |
- |
- |
- |
| Total Assets |
10,923,212 |
10,485,737
|
10,449,996 |
10,719,631 |
| Current Liabilities |
2,569,431 |
2,183,206
|
2,378,814 |
2,530,534 |
| Suppliers |
1,654,234 |
1,176,314 |
1,032,426 |
1,360,820 |
| Short Term Financing |
422,614 |
506,773 |
891,584 |
660,627 |
| Short Term Debentures |
17,979 |
0 |
65,028 |
44,580 |
| Short Payable on Purchase of
Assets |
24,989 |
43,753 |
12,181 |
5,775 |
| Short Term Other |
449,615 |
456,366 |
377,595 |
458,732 |
| Long-Term Financing |
1,213,838 |
1,182,321 |
1,076,096 |
1,285,249 |
| Long-Term Debentures |
401,490 |
401,490 |
401,490 |
401,490 |
| Long-Term Payable on Purchase
of Assets |
0 |
3.,45 |
3,193 |
3,146 |
| Long-Term Provision for Contingencies |
1,076,911 |
1,034,678 |
992,529 |
965,856 |
| Long-Term Other |
1,121,783 |
1,129,872 |
1,101,354 |
1,085,796 |
| Minority Shares |
287,387 |
307,733 |
323,630 |
338,832 |
| Shareholder's Equity |
4,252,372 |
4,243,192 |
4,172,890 |
4,108,728 |
| Total Liabilities
and Shareholder's Equity |
10,923,212 |
10,485,737
|
10,449,996 |
10,719,631 |
EBITDA = Earnings Before Interest, Tax, Depreciation and Amortization.
EBIT = Earnings Before Interest and Tax.
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