Petrobras' Financial Statement Disclosure

BRAZIL POLITICS - Report 23 Apr 2015 by Murillo de Aragão and Cristiano Noronha
Quick Snapshot Impairment of 44 billion reais, or 14.8 billion dollars6.2 billion reais ($2.1 billion) due to corruptionR$ 199 billion worth of contracts analyzed to calculate loss from corruptionNet loss of R$21 billionDisclosure was fully approved by PricewaterhouseCoopersResults for the first quarter of 2015 should be disclosed on May 15New business plan should be released in up to 30 daysPetrobras released yesterday, with months of delay, its audited financial statements. The company announced R$ 44.34 billion, or US$ 14.8 billion in losses from impairment and a net loss of R$21.6 billi...

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.