Statement of Income

 
HALF-YEARLY INCOME STATEMENT – AS OF DECEMBER 31
 
(R$ thousands)
 
2nd Sem/2002
2nd Sem/2001
2002
2001
OPERATING REVENUES
224.203.817
88.040.767
307.438.607
130.885.374
Open Market Operations
120.697.406
48.500.804
169.349.122
67.130.884
Foreign Sector Operations
98.735.052
35.565.207
131.351.073
56.137.235
Banking Sector Operations
11.306
780
51.735
667.897
Credits and Securities Receivable
645.542
1.159.031
1.456.859
2.586.647
Operations with the National Treasury
2.208.591
1.555.045
2.297.594
1.676.681
Allowances Reversal and Mon/Foreign Exchange Restatements
1.905.039
1.257.937
2.929.218
2.681.627
Other
881
1.963
3.006
4.403
 
OPERATING EXPENSES
(232.897.936)
(81.084.210)
(329.591.876)
(129.207.643)
Money Market Operations
(127.059.333)
(42.690.934)
(184.729.431)
(73.170.372)
Foreign Sector Operations
(80.721.333)
(29.945.393)
(100.274.417)
(38.772.812)
Banking Sector Operations
(2.548.710)
(757.727)
(3.295.995)
(1.373.198)
Credits and Securities Receivable
(277.483)
(89.499)
(457.304)
(182.673)
Operations with the National Treasury
(18.925.885)
(6.141.898)
(35.105.997)
(13.457.175)
Allowances Constitution and Mon/Foreign Exchange Restatements
(2.587.126)
(772.297)
(4.455.598)
(1.061.685)
Administrative
(638.425)
(647.234)
(1.056.087)
(1.129.242)
Other
(139.641)
(39.228)
(217.047)
(60.486)
 
OPERATING RESULT
(8.694.119)
6.956.557
(22.153.269)
1.677.731
 
NON-OPERATING REVENUES
6.046.568
1.887.750
9.584.980
3.368.029
Exchange Rate Restatement of Shares
5.778.196
1.798.351
8.761.593
3.062.192
Settlement of Contributions – Law no. 9,650
1.183
    -
388.219
    -
Revenues on Credits Managed by Centrus
121.087
20.467
227.297
143.344
Other
146.102
68.932
207.871
162.493
 
NON-OPERATING EXPENSES
(3.636.063)
(1.686.146)
(4.625.410)
(1.972.348)
Foreign Exchange Restatement of Shares
(2.718.139)
(1.669.247)
(3.044.304)
(1.940.496)
Pension Funds Liens - Centrus
(330.905)
    -
(950.552)
    -
Allowance for Legal Losses
(152.831)
    -
(152.831)
    -
Court orders - Judicial Requests Payable
(415.737)
    -
(440.759)
    -
Other
(18.451)
(16.899)
(36.964)
(31.852)
 
NON-OPERATING RESULT
2.410.505
201.604
4.959.570
1.395.681
 
RESULT FOR THE PERIOD
(6.283.614)
7.158.161
(17.193.699)
3.073.412
 
STATEMENT OF CHANGES IN NET WORTH
 
(R$ thousands)
EVENTS
EQUITY
CONTINGENCY RESERVES
RE-EVALUATION RESERVES
NET WORTH
 
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
 
Reversal/Write-off
    -
    -
(4.185)
(4.185)
 
Balance at December 31, 2002
2.576.356
2.193.946
483.743
5.254.045
 
See accompanying notes to the financial statements.