Statement of Income

 
 
Half-Yearly Income Statement - as of June 30
(In R$ thousands)
 
 
1st Sem./2003
1st Sem./2002
OPERATING REVENUES
158.217.984
83.234.790
Open Market Operations
108.009.377
48.651.716
Foreign Sector Operations
44.037.699
32.616.021
Banking Sector Operations
1.380
40.429
Credits and Securities Receivable
819.611
811.317
Operations with the National Treasury
2.733.451
89.003
Allowances Reversal and Monetary/Foreign Exchange Restatements
2.589.552
1.023.703
Other
26.914
2.601
 
OPERATING EXPENSES
(131.941.980)
(96.693.940)
Open Market Operations
(69.222.673)
(57.670.098)
Foreign Sector Operations
(49.221.146)
(19.553.084)
Banking Sector Operations
(4.459.023)
(747.285)
Credits and Securities Receivable
(21.805)
(179.821)
Operations with the National Treasury
(7.290.975)
(16.180.112)
Allowances Constitution and Monetary/Foreign Exchange Restatements
(1.153.351)
(1.868.472)
Administrative
(453.029)
(417.662)
Other
(119.978)
(77.406)
 
OPERATING RESULT
26.276.004
(13.459.150)
 
NON-OPERATING REVENUES
1.468.413
3.538.412
Exchange Rate Readjustment of Shares
944.099
2.983.397
Settlement of Contributions – Law 9,650
    -
387.036
Remuneration of Credits Managed by Centrus
173.423
106.210
Transfer Received from National Treasury
262.758
    -
Other
88.133
61.769
 
NON-OPERATING EXPENSES
(3.562.623)
(989.347)
Exchange Rate Readjustment of Shares
(3.279.420)
(326.165)
Pension Funds Liens - Centrus
(71.812)
(619.647)
Allowance for Legal Losses
(90.588)
    -
Judgments - Precatory Letters
(49.419)
(25.022)
Other
(71.384)
(18.513)
 
NON-OPERATING RESULT
(2.094.210)
2.549.065
 
RESULT FOR THE PERIOD
24.181.794
(10.910.085)
 
STATEMENT OF CHANGES IN NET EQUITY
(In R$ thousands)
 
 
EQUITY
CONTINGENCY RESERVE
REVALUATION RESERVE
NET EQUITY
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
Reversal/Write-off
    -
    -
(4.185)
(4.185)
Balance at June 30, 2003
2.576.356
2.193.946
479.558
5.249.860
See accompanying notes to the financial statements