Statement of Income

 
HALF-YEARLY INCOME STATEMENT – AS OF JUNE 30
 
(in R$ thousands)
 
 
2002
2001
OPERATING REVENUES
83.667.911
43.555.475
Open Market Operations
48.636.160
18.630.080
Foreign Sector Operations
32.616.021
20.572.028
Banking Sector Operations
40.429
667.117
Credits and Securities Receivable
811.317
1.427.616
Operations with the National Treasury
89.003
121.636
Allowances Reversal and Monetary/Foreign Exchange Restatement
 
 
  - Operation with Institutions under Liquidation
992.253
1.341.326
  - Fines
234.496
20.827
  - Other
31.450
34.455
Penalties Levied
199.101
737.950
Other
17.681
2.440
 
OPERATING EXPENDITURES
(97.080.796)
(48.832.972)
Open Market Operations
(57.670.087)
(30.479.438)
Foreign Sector Operations
(19.553.084)
(8.827.419)
Banking Sector Operations
(747.285)
(615.471)
Credits and Securities Receivable
(179.821)
(93.174)
Operations with the National Treasury
(16.180.112)
(7.315.277)
Allowances - Constitution and Monetary/Foreign Exchange Restatement
 
 
  - Operation with Institutions under Liquidation
(1.754.613)
(240.123)
  - Fines
(287.725)
(705.328)
  - Management Fee - Proagro
(61.990)
    -
  - Other
(51.869)
(48.334)
Administrative
(417.662)
(482.008)
Other
(176.548)
(26.400)
 
OPERATING RESULT
(13.412.885)
(5.277.497)
 
NON-OPERATING REVENUES
3.647.047
1.515.700
Foreign Exchange Restatement of Shares
2.983.397
1.263.841
Settlement of Contributions – Law no. 9,650
387.036
    -
Redirection of Credits Managed by Centrus
106.210
189.126
Provisions - Non-Operating
72.098
35.880
Credits Registered under Debts in Execution
48.438
434
Other
49.868
26.419
 
NON-OPERATING EXPENDITURES
(1.144.247)
(322.952)
Foreign Exchange Restatement of Shares
(326.165)
(271.249)
Centrus - Recognition of Expenses
(619.647)
    -
Provisions - Non-Operating
(48.701)
(2.874)
Credits
(106.436)
(34.657)
Other
(43.298)
(14.172)
 
NON-OPERATING RESULTS
2.502.800
1.192.748
 
RESULTS FOR THE PERIOD (Note 15)
(10.910.085)
(4.084.749)
 
STATEMENT OF CHANGES IN NET WORTH
 
(in R$ thousands)
 
 
EQUITY
CONTINGENCY RESERVE
REVALUATION RESERVE
SHAREHOLDERS' EQUITY
 
Balance at December 31, 2000
2.576.356
404.406
491.653
3.472.415
 
Reversal/Write-off
    -
    -
(5.188)
(5.188)
 
Balance at June 30, 2001
2.576.356
404.406
486.465
3.467.227
 
Changes during the Period
    -
    -
(5.188)
(5.188)
 
Balance at December 31, 2001
2.576.356
2.193.946
493.396
5.263.698
 
Reversal/Write-off
    -
    -
(5.468)
(5.468)
 
Balance at June 30, 2002
2.576.356
2.193.946
487.928
5.258.230
 
Changes during the Period
    -
    -
(5.468)
(5.468)
See accompanying notes to the financial statements.