|
STATEMENT OF INCOME |
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|
YEARS ENDED DECEMBER 31 |
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|
( In thousands
of Reais ) |
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|
|
|
PARENT
COMPANY |
|
CONSOLIDATED |
||
|
|
|
2006 |
2005 |
|
2006 |
2005 |
|
|
|
|
|
|
|
|
|
Sales Revenue – Domestic Market |
|
755.305 |
768.651 |
|
755.305 |
768.651 |
|
Sales Revenue – Foreign Market |
|
141.780 |
69.454 |
|
141.780 |
69.454 |
|
|
|
|
|
|
|
|
|
GROSS SALES REVENUE |
|
897.085 |
838.105 |
|
897.085 |
838.105 |
|
|
|
|
|
|
|
|
|
Sales Taxes and Deductions |
|
(177.098) |
(182.657) |
|
(177.098) |
(182.657) |
|
|
|
|
|
|
|
|
|
NET SALES REVENUE |
|
719.987 |
655.448 |
|
719.987 |
655.448 |
|
|
|
|
|
|
|
|
|
Cost of Products Sold |
|
(621.145) |
(531.750) |
|
(621.145) |
(531.750) |
|
|
|
|
|
|
|
|
|
GROSS INCOME |
|
98.842 |
123.698 |
|
98.842 |
123.698 |
|
|
|
|
|
|
|
|
|
Selling Expenses |
|
(30.407) |
(25.108) |
|
(30.407) |
(25.108) |
|
General and Administrative Expenses |
|
(33.731) |
(33.765) |
|
(33.742) |
(33.806) |
|
Other Operating Revenues and
Expenses |
|
480 |
1.743 |
|
480 |
1.743 |
|
|
|
|
|
|
|
|
|
OPERATING INCOME BEFORE FINANCIAL INCOME, EQUITY ACCOUNTING AND GOODWILL AMORTIZATION |
35.184 |
66.568 |
|
35.173 |
66.527 |
|
|
|
|
|
|
|
|
|
|
Financial Income – (Note 16) |
|
(9.234) |
(4.923) |
|
(9.368) |
(5.135) |
|
CPMF, IOF, PIS and COFINS –
(Note 16) |
|
(2.926) |
(3.399) |
|
(2.925) |
(3.399) |
|
|
|
|
|
|
|
|
|
OPERATING INCOME BEFORE EQUITY ACCOUNTING AND GOODWILL
AMORTIZATION |
23.024 |
58.246 |
|
22.880 |
57.993 |
|
|
|
|
|
|
|
|
|
|
Goodwill Amortization |
|
(5.300) |
(5.300) |
|
(5.300) |
(5.300) |
|
Equity Accounting |
|
(144) |
(253) |
|
- |
- |
|
|
|
|
|
|
|
|
|
OPERATING
INCOME |
|
17.580 |
52.693 |
|
17.580 |
52.693 |
|
|
|
|
|
|
|
|
|
Non-Operating Income |
|
6.768 |
226 |
|
6.768 |
226 |
|
|
|
|
|
|
|
|
|
INCOME BEFORE TAXES AND PARTICIPATION |
|
24.348 |
52.919 |
|
24.348 |
52.919 |
|
|
|
|
|
|
|
|
|
Income Tax and Social
Contribution (Note 9 a) |
|
(3.470) |
(5.335) |
|
(3.470) |
(5.335) |
|
Profit-Sharing – Employees and
Management |
|
(2.050) |
(4.474) |
|
(2.050) |
(4.474) |
|
|
|
|
|
|
|
|
|
NET
INCOME |
|
18.828 |
43.110 |
|
18.828 |
43.110 |
|
|
|
|
|
|
|
|
|
Net earnings per
thousand-share lot – R$ |
|
30
|
68 |
|
30 |
68 |
|
|
|
|
|
|
|
|
|
EBITDA |
|
54.791 |
82.531 |
|
54.780 |
82.490 |
|
The
accompanying notes are an integral part of these financial statements. |
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