UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of November, 2022
Commission File Number 1-15106
PETRÓLEO BRASILEIRO S.A. – PETROBRAS
(Exact name of registrant as specified in its charter)
Brazilian Petroleum Corporation – PETROBRAS
(Translation of Registrant's name into English)
Avenida Henrique Valadares, 28 – 19th floor
20231-030 – Rio de Janeiro, RJ
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes _______ No___X____
Interim Financial Information
PETRÓLEO BRASILEIRO S.A. - PETROBRAS
At September 30, 2022 and report on review of interim financial
information
(A free translation of the original in Portuguese)
INDEX
PETROBRAS
|
Petróleo Brasileiro S.A. – Petrobras
Parent Company Interim Accounting Information / Statement of
Financial Position - Assets
(R$
Thousand)
|
 |
| |
|
|
Account Code |
Account Description |
09.30.2022 |
12.31.2021 |
|
1 |
Total Assets |
1,255,036,000 |
1,248,196,000 |
|
1.01 |
Current Assets |
182,919,000 |
170,555,000 |
|
1.01.01 |
Cash and Cash Equivalents |
3,867,000 |
2,930,000 |
|
1.01.02 |
Marketable Securities |
7,553,000 |
3,630,000 |
|
1.01.03 |
Trade and Other Receivables |
77,735,000 |
100,110,000 |
|
1.01.04 |
Inventories |
44,522,000 |
33,906,000 |
|
1.01.06 |
Recoverable Taxes |
7,000,000 |
6,368,000 |
|
1.01.06.01 |
Current Recoverable Taxes |
7,000,000 |
6,368,000 |
|
1.01.06.01.01 |
Recoverable Income Taxes |
678,000 |
526,000 |
|
1.01.06.01.02 |
Other Recoverable Taxes |
6,322,000 |
5,842,000 |
|
1.01.08 |
Other Current Assets |
42,242,000 |
23,611,000 |
|
1.01.08.01 |
Non-Current Assets Held for Sale |
28,700,000 |
13,142,000 |
|
1.01.08.03 |
Others |
13,542,000 |
10,469,000 |
|
1.01.08.03.03 |
Others |
13,542,000 |
10,469,000 |
|
1.02 |
Non-Current Assets |
1,072,117,000 |
1,077,641,000 |
|
1.02.01 |
Long-Term Receivables |
86,612,000 |
73,779,000 |
|
1.02.01.03 |
Marketable Securities Measured at Amortized Cost |
264,000 |
247,000 |
|
1.02.01.04 |
Trade and Other Receivables |
8,624,000 |
8,450,000 |
|
1.02.01.07 |
Deferred Taxes |
19,431,000 |
17,845,000 |
|
1.02.01.07.02 |
Deferred Taxes and Contributions |
19,431,000 |
17,845,000 |
|
1.02.01.10 |
Other Non-Current Assets |
58,293,000 |
47,237,000 |
|
1.02.01.10.04 |
Judicial Deposits |
53,881,000 |
44,543,000 |
|
1.02.01.10.05 |
Other Assets |
4,412,000 |
2,694,000 |
|
1.02.02 |
Investments |
277,120,000 |
269,825,000 |
|
1.02.03 |
Property, Plant and Equipment |
693,121,000 |
717,355,000 |
|
1.02.04 |
Intangible Assets |
15,264,000 |
16,682,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Parent Company Interim Accounting Information / Statement of
Financial Position - Liabilities
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
09.30.2022 |
12.31.2021 |
|
2 |
Total Liabilities |
1,255,036,000 |
1,248,196,000 |
|
2.01 |
Current Liabilities |
270,733,000 |
269,989,000 |
|
2.01.01 |
Payroll, Profit Sharing and Related Charges |
7,479,000 |
7,655,000 |
|
2.01.02 |
Trade Payables |
38,585,000 |
32,734,000 |
|
2.01.03 |
Taxes Obligations |
6,114,000 |
3,599,000 |
|
2.01.03.01 |
Federal Taxes Obligations |
6,114,000 |
3,599,000 |
|
2.01.03.01.01 |
Income Tax and Social Contribution Payable |
6,114,000 |
3,599,000 |
|
2.01.04 |
Current Debt and Finance Lease Obligations |
176,367,000 |
187,005,000 |
|
2.01.04.01 |
Current Debt |
146,411,000 |
155,461,000 |
|
2.01.04.03 |
Lease Obligations |
29,956,000 |
31,544,000 |
|
2.01.05 |
Other Liabilities |
29,491,000 |
30,767,000 |
|
2.01.05.02 |
Others |
29,491,000 |
30,767,000 |
|
2.01.05.02.04 |
Other Taxes Payable |
15,209,000 |
22,022,000 |
|
2.01.05.02.06 |
Other liabilities |
14,282,000 |
8,745,000 |
|
2.01.06 |
Provisions |
3,734,000 |
3,578,000 |
|
2.01.06.02 |
Other Provisions |
3,734,000 |
3,578,000 |
|
2.01.06.02.04 |
Pension and Medical Benefits |
3,734,000 |
3,578,000 |
|
2.01.07 |
Liabilities Associated with Non-Current Assets Held for Sale and
Discontinued |
8,963,000 |
4,651,000 |
|
2.01.07.01 |
Liabilities Associated with Non-Current Assets Held for
Sale |
8,963,000 |
4,651,000 |
|
2.02 |
Non-Current Liabilities |
611,805,000 |
590,878,000 |
|
2.02.01 |
Non-Current Debt and Finance Lease Obligations |
417,808,000 |
413,637,000 |
|
2.02.01.01 |
Non-Current Debt |
312,828,000 |
306,944,000 |
|
2.02.01.03 |
Lease Obligations |
104,980,000 |
106,693,000 |
|
2.02.02 |
Other Liabilities |
1,563,000 |
1,637,000 |
|
2.02.02.02 |
Others |
1,563,000 |
1,637,000 |
|
2.02.02.02.03 |
Income Tax and Social Contribution |
1,563,000 |
1,637,000 |
|
2.02.03 |
Deferred Taxes |
43,153,000 |
14,807,000 |
|
2.02.03.01 |
Deferred Taxes |
43,153,000 |
14,807,000 |
|
2.02.04 |
Provisions |
149,281,000 |
160,797,000 |
|
2.02.04.01 |
Provisions for Tax Social Security, Labor and Civil
Lawsuits |
12,561,000 |
10,382,000 |
|
2.02.04.02 |
Other Provisions |
136,720,000 |
150,415,000 |
|
2.02.04.02.04 |
Pension and Medical Benefits |
45,667,000 |
50,773,000 |
|
2.02.04.02.05 |
Provision for Decommissioning Costs |
79,995,000 |
86,713,000 |
|
2.02.04.02.06 |
Employee Benefits |
759,000 |
803,000 |
|
2.02.04.02.07 |
Other liabilities |
10,299,000 |
12,126,000 |
|
2.03 |
Shareholders' Equity |
372,498,000 |
387,329,000 |
|
2.03.01 |
Share Capital |
205,432,000 |
205,432,000 |
|
2.03.02 |
Capital Reserves |
3,318,000 |
3,313,000 |
|
2.03.04 |
Profit Reserves |
133,236,000 |
164,028,000 |
|
2.03.08 |
Other Comprehensive Income |
30,512,000 |
14,556,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Parent Company Interim Accounting Information / Statement of
Income
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Accumulated of the Current Quarter 07/01/2022 to
09/30/2022 |
Accumulated of the Current Year 01/01/2022 to
09/30/2022 |
Accumulated of the Previous Quarter 07/01/2021 to
09/30/2021 |
Accumulated of the Previous Year 01/01/2021 to
09/30/2021 |
|
3.01 |
Sales Revenues |
163,747,000 |
460,933,000 |
117,786,000 |
312,646,000 |
|
3.02 |
Cost of Sales |
(81,228,000) |
(218,134,000) |
(63,838,000) |
(164,038,000) |
|
3.03 |
Gross Profit |
82,519,000 |
242,799,000 |
53,948,000 |
148,608,000 |
|
3.04 |
Operating Expenses / Income |
(6,194,000) |
(3,615,000) |
12,941,000 |
1,231,000 |
|
3.04.01 |
Selling Expenses |
(6,574,000) |
(20,212,000) |
(6,048,000) |
(17,579,000) |
|
3.04.02 |
General and Administrative Expenses |
(1,444,000) |
(3,963,000) |
(1,418,000) |
(3,686,000) |
|
3.04.05 |
Other Operating Expenses |
(4,225,000) |
2,053,000 |
13,144,000 |
6,011,000 |
|
3.04.05.01 |
Other Taxes |
(398,000) |
(1,065,000) |
(1,098,000) |
(1,760,000) |
|
3.04.05.02 |
Research and Development Expenses |
(986,000) |
(3,147,000) |
(791,000) |
(2,205,000) |
|
3.04.05.03 |
Exploration Costs |
(550,000) |
(883,000) |
(697,000) |
(2,889,000) |
|
3.04.05.05 |
Other Operating Expenses, Net |
(954,000) |
9,282,000 |
(1,102,000) |
(2,781,000) |
|
3.04.05.07 |
Impairment of Assets Reversals (Charges) |
(1,337,000) |
(2,134,000) |
16,832,000 |
15,646,000 |
|
3.04.06 |
Share of Profit / Gains on Interest in Equity-Accounted
Investments |
6,049,000 |
18,507,000 |
7,263,000 |
16,485,000 |
|
3.05 |
Net Income Before Financial Results and Income Taxes |
76,325,000 |
239,184,000 |
66,889,000 |
149,839,000 |
|
3.06 |
Finance Income (Expenses), Net |
(11,248,000) |
(28,067,000) |
(27,065,000) |
(45,614,000) |
|
3.06.01 |
Finance Income |
2,725,000 |
7,479,000 |
1,249,000 |
2,438,000 |
|
3.06.01.01 |
Finance Income |
2,725,000 |
7,479,000 |
1,249,000 |
2,438,000 |
|
3.06.02 |
Finance Expenses |
(13,973,000) |
(35,546,000) |
(28,314,000) |
(48,052,000) |
|
3.06.02.01 |
Finance Expenses |
(7,277,000) |
(20,712,000) |
(7,596,000) |
(22,786,000) |
|
3.06.02.02 |
Foreign Exchange and Inflation Indexation Charges, Net |
(6,696,000) |
(14,834,000) |
(20,718,000) |
(25,266,000) |
|
3.07 |
Net Income Before Income Taxes |
65,077,000 |
211,117,000 |
39,824,000 |
104,225,000 |
|
3.08 |
Income Tax and Social Contribution |
(18,981,000) |
(66,130,000) |
(8,682,000) |
(29,061,000) |
|
3.08.01 |
Current |
(18,300,000) |
(55,453,000) |
(8,578,000) |
(8,578,000) |
|
3.08.02 |
Deferred |
(681,000) |
(10,677,000) |
(104,000) |
(20,483,000) |
|
3.09 |
Net Income from Continuing Operations |
46,096,000 |
144,987,000 |
31,142,000 |
75,164,000 |
|
3.11 |
Income / (Loss) for the Period |
46,096,000 |
144,987,000 |
31,142,000 |
75,164,000 |
|
3.99.01 |
Income per Share |
|
|
|
|
|
3.99.01.01 |
Ordinary Shares |
3.54 |
11.12 |
2.39 |
5.76 |
|
3.99.01.02 |
Preferred Shares |
3.54 |
11.12 |
2.39 |
5.76 |
|
3.99.02 |
Diluted Income per Share |
|
|
|
|
|
3.99.02.01 |
Ordinary Shares |
3.54 |
11.12 |
2.39 |
5.76 |
|
3.99.02.02 |
Preferred Shares |
3.54 |
11.12 |
2.39 |
5.76 |
|
Petróleo Brasileiro S.A. – Petrobras
Parent Company Interim Accounting Information / Statement of
Comprehensive Income
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Accumulated of the Current Quarter 07/01/2022 to
09/30/2022 |
Accumulated of the Current Year 01/01/2022 to
09/30/2022 |
Accumulated of the Previous Quarter 07/01/2021 to
09/30/2021 |
Accumulated of the Previous Year 01/01/2021 to
09/30/2021 |
|
4.01 |
Net Income for the Period |
46,096,000 |
144,987,000 |
31,142,000 |
75,164,000 |
|
4.02 |
Other Comprehensive Income |
5,756,000 |
15,956,000 |
13,575,000 |
26,772,000 |
|
4.02.01 |
Actuarial Gains / (Losses) on Defined Benefits Plans |
− |
− |
5,779,000 |
14,433,000 |
|
4.02.02 |
Deferred Income Tax and Social Contribution on Actuarial Gains /
(Losses) on Defined Benefits Plans |
− |
− |
− |
(2,942,000) |
|
4.02.03 |
Translation Adjustments in investees |
8,938,000 |
(8,136,000) |
21,533,000 |
12,045,000 |
|
4.02.07 |
Unrealized Gains / (Losses) on Cash Flow Hedge -
Recognized in Shareholders' Equity |
(10,442,000) |
17,059,000 |
(25,729,000) |
(13,536,000) |
|
4.02.08 |
Unrealized Gains / (Losses) on Cash Flow Hedge -
Reclassified to Profit and Loss |
5,808,000 |
18,184,000 |
5,196,000 |
17,430,000 |
|
4.02.09 |
Deferred Income Tax and Social Contribution on Cash Flow
Hedge |
1,576,000 |
(11,982,000) |
6,981,000 |
(1,324,000) |
|
4.02.10 |
Share of Other Comprehensive Income of Equity-Accounted
Investments |
(124,000) |
831,000 |
(185,000) |
666,000 |
|
4.03 |
Total Comprehensive Income for the Period |
51,852,000 |
160,943,000 |
44,717,000 |
101,936,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Parent Company Interim Accounting Information / Statement of
Changes in Shareholders’ Equity - 01/01/2022 to 09/30/2022
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Share Capital |
Capital Reserves, Granted Options and Treasury
Shares |
Profit Reserves |
Retained Earnings / Accumulated Losses |
Other Comprehensive Income |
Shareholders' Equity |
|
5.01 |
Balance at the Beginning of the Period |
205,432,000 |
3,313,000 |
164,028,000 |
− |
14,556,000 |
387,329,000 |
|
5.03 |
Adjusted Opening Balance |
205,432,000 |
3,313,000 |
164,028,000 |
− |
14,556,000 |
387,329,000 |
|
5.04 |
Capital Transactions with Owners |
− |
5,000 |
(81,663,000) |
(94,116,000) |
− |
(175,774,000) |
|
5.04.06 |
Dividends |
− |
− |
(81,663,000) |
(94,116,000) |
− |
(175,779,000) |
|
5.04.08 |
Change in Interest in Subsidiaries |
− |
5,000 |
− |
− |
− |
5,000 |
|
5.05 |
Total of Comprehensive Income |
− |
− |
− |
144,987,000 |
15,956,000 |
160,943,000 |
|
5.05.01 |
Net Income for the Period |
− |
− |
− |
144,987,000 |
− |
144,987,000 |
|
5.05.02 |
Other Comprehensive Income |
− |
− |
− |
− |
15,956,000 |
15,956,000 |
|
5.07 |
Balance at the End of the Period |
205,432,000 |
3,318,000 |
82,365,000 |
50,871,000 |
30,512,000 |
372,498,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Parent Company Interim Accounting Information / Statement of
Changes in Shareholders’ Equity - 01/01/2021 to 09/30/2021
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Share Capital |
Capital Reserves, Granted Options and Treasury
Shares |
Profit Reserves |
Retained Earnings / Accumulated Losses |
Other Comprehensive Income |
Shareholders' Equity |
|
5.01 |
Balance at the Beginning of the Period |
205,432,000 |
2,665,000 |
127,296,000 |
− |
(26,983,000) |
308,410,000 |
|
5.03 |
Adjusted Opening Balance |
205,432,000 |
2,665,000 |
127,296,000 |
− |
(26,983,000) |
308,410,000 |
|
5.04 |
Capital Transactions with Owners |
− |
(3,703,000) |
(5,861,000) |
(31,705,000) |
− |
(41,269,000) |
|
5.04.06 |
Dividends |
− |
− |
(5,861,000) |
(31,705,000) |
− |
(37,566,000) |
|
5.04.08 |
Change in Interest in Subsidiaries |
− |
(3,703,000) |
− |
− |
− |
(3,703,000) |
|
5.05 |
Total of Comprehensive Income |
− |
− |
− |
75,164,000 |
26,772,000 |
101,936,000 |
|
5.05.01 |
Net Income for the Period |
− |
− |
− |
75,164,000 |
− |
75,164,000 |
|
5.05.02 |
Other Comprehensive Income |
− |
− |
− |
− |
26,772,000 |
26,772,000 |
|
5.07 |
Balance at the End of the Period |
205,432,000 |
(1,038,000) |
121,435,000 |
43,459,000 |
(211,000) |
369,077,000 |
b
|
Petróleo Brasileiro S.A. – Petrobras
Parent Company Interim Accounting Information / Statement of Cash
Flows – Indirect Method
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Accumulated of the Current Year 01/01/2022 to
09/30/2022 |
Accumulated of the Previous Year 01/01/2021 to
09/30/2021 |
|
6.01 |
Net cash provided by operating activities |
119,147,000 |
93,640,000 |
|
6.01.01 |
Cash provided by operating activities |
210,136,000 |
161,697,000 |
|
6.01.01.01 |
Net Income for the period |
144,987,000 |
75,164,000 |
|
6.01.01.02 |
Pension and medical benefits (actuarial expense) |
4,705,000 |
9,273,000 |
|
6.01.01.03 |
Results in equity-accounted investments |
(18,507,000) |
(16,485,000) |
|
6.01.01.04 |
Depreciation, depletion and amortization |
53,128,000 |
50,439,000 |
|
6.01.01.05 |
Impairment of assets (reversal) |
2,134,000 |
(15,646,000) |
|
6.01.01.06 |
Exploratory expenditures write-offs |
348,000 |
1,178,000 |
|
6.01.01.07 |
Gains and losses on legal, administrative and arbitration
proceedings |
3,879,000 |
2,357,000 |
|
6.01.01.08 |
Foreign exchange, indexation and finance charges |
28,996,000 |
44,000,000 |
|
6.01.01.09 |
Deferred income taxes, net |
10,677,000 |
20,483,000 |
|
6.01.01.10 |
Allowance (reversals) for expected credit losses |
418,000 |
(23,000) |
|
6.01.01.13 |
Revision and unwinding of discount on the provision for
decommissioning costs |
2,157,000 |
3,112,000 |
|
6.01.01.16 |
Results from co-participation agreements in bid areas |
(14,193,000) |
(3,519,000) |
|
6.01.01.17 |
Disposal/write-offs of assets, remeasurement of investment retained
with loss of control and reclassification of CTA |
(5,744,000) |
(1,605,000) |
|
6.01.01.18 |
PIS and COFINS recovery - exclusion of ICMS (VAT tax) from the
basis of calculation |
− |
(4,594,000) |
|
6.01.01.19 |
Early termination and cash outflows revision of lease
agreements |
(2,849,000) |
(1,917,000) |
|
6.01.01.20 |
Assumption of interest in concessions |
− |
(520,000) |
|
6.01.02 |
Decrease / (increase) in assets / increase/ (decrease) in
liabilities |
(90,989,000) |
(68,057,000) |
|
6.01.02.01 |
Trade and other receivables, net |
(54,862,000) |
(48,123,000) |
|
6.01.02.02 |
Inventories |
(10,988,000) |
(8,678,000) |
|
6.01.02.03 |
Judicial deposits |
(6,601,000) |
(4,390,000) |
|
6.01.02.05 |
Other assets |
(3,423,000) |
(2,217,000) |
|
6.01.02.06 |
Trade payables |
(136,000) |
(7,787,000) |
|
6.01.02.07 |
Other taxes |
42,965,000 |
21,763,000 |
|
6.01.02.08 |
Pension and medical benefits |
(9,653,000) |
(10,817,000) |
|
6.01.02.09 |
Provisions for legal proceedings |
(1,231,000) |
(1,194,000) |
|
6.01.02.10 |
Short-term benefits |
(221,000) |
(761,000) |
|
6.01.02.11 |
Income tax and social contribution paid |
(44,103,000) |
(4,088,000) |
|
6.01.02.12 |
Provision for Decommissioning Costs |
(2,285,000) |
(2,786,000) |
|
6.01.02.14 |
Other liabilities |
(451,000) |
1,021,000 |
|
6.02 |
Net cash used in investing activities |
38,758,000 |
(68,196,000) |
|
6.02.01 |
Acquisition of PP&E and intangibles assets |
(29,980,000) |
(56,191,000) |
|
6.02.02 |
Decrease (increase) in investments in investees |
(89,000) |
1,733,000 |
|
6.02.03 |
Proceeds from disposal of assets - Divestment |
19,948,000 |
15,279,000 |
|
6.02.04 |
Divestment (investment) in marketable securities |
21,721,000 |
(47,883,000) |
|
6.02.05 |
Dividends received |
1,677,000 |
3,356,000 |
|
6.02.08 |
Financial compensation for Co-participation Agreement |
25,481,000 |
15,510,000 |
|
6.03 |
Net cash used in financing activities |
(156,968,000) |
(25,771,000) |
|
6.03.02 |
Proceeds from financing |
113,725,000 |
126,028,000 |
|
6.03.03 |
Repayment of principal - finance debt |
(62,522,000) |
(76,384,000) |
|
6.03.04 |
Repayment of interest - finance debt |
(13,829,000) |
(19,823,000) |
|
6.03.05 |
Dividends paid to shareholders of Petrobras |
(173,075,000) |
(31,177,000) |
|
6.03.08 |
Settlement of lease liabilities |
(21,267,000) |
(24,415,000) |
|
6.05 |
Net increase/ (decrease) in cash and cash equivalents |
937,000 |
(327,000) |
|
6.05.01 |
Cash and cash equivalents at the beginning of the year |
2,930,000 |
5,180,000 |
|
6.05.02 |
Cash and cash equivalents at the end of the period |
3,867,000 |
4,853,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Parent Company Interim Accounting Information / Statement of Added
Value
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Accumulated of the Current Year 01/01/2022 to
09/30/2022 |
Accumulated of the Previous Year 01/01/2021 to
09/30/2021 |
|
7.01 |
Sales Revenues |
594,119,000 |
435,563,000 |
|
7.01.01 |
Sales of Goods and Services |
542,992,000 |
392,886,000 |
|
7.01.02 |
Other Revenues |
24,512,000 |
14,840,000 |
|
7.01.03 |
Revenues Related to the Construction of Assets to be Used in Own
Operations |
27,033,000 |
27,814,000 |
|
7.01.04 |
Allowance for expected credit losses |
(418,000) |
23,000 |
|
7.02 |
Inputs Acquired from Third Parties |
(180,291,000) |
(123,771,000) |
|
7.02.01 |
Cost of Sales |
(101,963,000) |
(67,777,000) |
|
7.02.02 |
Materials, Power, Third-Party Services and Other Operating
Expenses |
(40,501,000) |
(42,967,000) |
|
7.02.03 |
Impairment Charges / Reversals of Assets |
(2,134,000) |
15,646,000 |
|
7.02.04 |
Others |
(35,693,000) |
(28,673,000) |
|
7.02.04.01 |
Tax Credits on Inputs Acquired from Third Parties |
(35,693,000) |
(28,673,000) |
|
7.03 |
Gross Added Value |
413,828,000 |
311,792,000 |
|
7.04 |
Retentions |
(58,042,000) |
(54,671,000) |
|
7.04.01 |
Depreciation, Amortization and Depletion |
(58,042,000) |
(54,671,000) |
|
7.05 |
Net Added Value Produced |
355,786,000 |
257,121,000 |
|
7.06 |
Transferred Added Value |
30,448,000 |
25,225,000 |
|
7.06.01 |
Share of Profit of Equity-Accounted Investments |
18,507,000 |
16,485,000 |
|
7.06.02 |
Finance Income |
7,479,000 |
2,438,000 |
|
7.06.03 |
Others |
4,462,000 |
6,302,000 |
|
7.06.03.01 |
Rentals, royalties and others |
4,462,000 |
1,713,000 |
|
7.06.03.03 |
PIS and COFINS recovery - exclusion of ICMS (VAT tax) from the
basis of calculation |
− |
4,589,000 |
|
7.07 |
Total Added Value to be Distributed |
386,234,000 |
282,346,000 |
|
7.08 |
Distribution of Added Value |
386,234,000 |
282,346,000 |
|
7.08.01 |
Employee Compensation |
19,939,000 |
22,969,000 |
|
7.08.01.01 |
Salaries |
12,733,000 |
11,777,000 |
|
7.08.01.02 |
Fringe Benefits |
6,530,000 |
10,567,000 |
|
7.08.01.03 |
Unemployment Benefits (FGTS) |
676,000 |
625,000 |
|
7.08.02 |
Taxes and Contributions |
176,543,000 |
126,017,000 |
|
7.08.02.01 |
Federal |
143,112,000 |
97,948,000 |
|
7.08.02.02 |
State |
33,293,000 |
28,019,000 |
|
7.08.02.03 |
Municipal |
138,000 |
50,000 |
|
7.08.03 |
Return on Third-Party Capital |
44,765,000 |
58,196,000 |
|
7.08.03.01 |
Interest |
39,535,000 |
54,273,000 |
|
7.08.03.02 |
Rental Expenses |
5,230,000 |
3,923,000 |
|
7.08.04 |
Return on Shareholders' Equity |
144,987,000 |
75,164,000 |
|
7.08.04.01 |
Interest on Capital |
11,451,000 |
− |
|
7.08.04.02 |
Dividends |
82,664,000 |
31,705,000 |
|
7.08.04.03 |
Retained Earnings / (Losses) for the Period |
50,872,000 |
43,459,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Consolidated Interim Accounting Information / Statement of
Financial Position - Assets
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
09.30.2022 |
12.31.2021 |
|
1 |
Total Assets |
947,574,000 |
972,951,000 |
|
1.01 |
Current Assets |
159,327,000 |
168,247,000 |
|
1.01.01 |
Cash and Cash Equivalents |
23,650,000 |
58,410,000 |
|
1.01.02 |
Marketable Securities |
13,038,000 |
3,630,000 |
|
1.01.03 |
Trade and Other Receivables |
22,026,000 |
35,538,000 |
|
1.01.04 |
Inventories |
52,825,000 |
40,486,000 |
|
1.01.06 |
Recoverable Taxes |
7,763,000 |
7,511,000 |
|
1.01.06.01 |
Current Recoverable Taxes |
7,763,000 |
7,511,000 |
|
1.01.06.01.01 |
Recoverable Income Taxes |
960,000 |
911,000 |
|
1.01.06.01.02 |
Other Recoverable Taxes |
6,803,000 |
6,600,000 |
|
1.01.08 |
Other Current Assets |
40,025,000 |
22,672,000 |
|
1.01.08.01 |
Non-Current Assets Held for Sale |
28,684,000 |
13,895,000 |
|
1.01.08.03 |
Others |
11,341,000 |
8,777,000 |
|
1.01.08.03.03 |
Others |
11,341,000 |
8,777,000 |
|
1.02 |
Non-Current Assets |
788,247,000 |
804,704,000 |
|
1.02.01 |
Long-Term Receivables |
92,717,000 |
79,992,000 |
|
1.02.01.03 |
Marketable Securities measured at amortized cost |
264,000 |
247,000 |
|
1.02.01.04 |
Trade and Other Receivables |
10,516,000 |
10,603,000 |
|
1.02.01.07 |
Deferred Taxes |
22,544,000 |
21,568,000 |
|
1.02.01.07.01 |
Deferred Income Tax and Social Contribution |
2,673,000 |
3,371,000 |
|
1.02.01.07.02 |
Deferred Taxes and Contributions |
19,871,000 |
18,197,000 |
|
1.02.01.10 |
Other Non-Current Assets |
59,393,000 |
47,574,000 |
|
1.02.01.10.04 |
Judicial Deposits |
54,317,000 |
44,858,000 |
|
1.02.01.10.05 |
Other Assets |
5,076,000 |
2,716,000 |
|
1.02.02 |
Investments |
9,041,000 |
8,427,000 |
|
1.02.03 |
Property, Plant and Equipment |
671,067,000 |
699,406,000 |
|
1.02.04 |
Intangible Assets |
15,422,000 |
16,879,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Consolidated Interim Accounting Information / Statement of
Financial Position - Liabilities
(R$
Thousand)
b
|
|
| |
|
|
Account Code |
Account Description |
09.30.2022 |
12.31.2021 |
|
2 |
Total Liabilities |
947,574,000 |
972,951,000 |
|
2.01 |
Current Liabilities |
135,807,000 |
134,913,000 |
|
2.01.01 |
Payroll, Profit Sharing and Related Charges |
8,190,000 |
8,335,000 |
|
2.01.02 |
Trade Payables |
28,164,000 |
30,597,000 |
|
2.01.03 |
Taxes Obligations |
8,568,000 |
4,089,000 |
|
2.01.03.01 |
Federal Taxes Obligations |
8,568,000 |
4,089,000 |
|
2.01.03.01.01 |
Income Tax and Social Contribution Payable |
8,568,000 |
4,089,000 |
|
2.01.04 |
Current Debt and Lease Obligations |
46,728,000 |
50,631,000 |
|
2.01.04.01 |
Current Debt |
17,873,000 |
20,316,000 |
|
2.01.04.03 |
Lease Obligations |
28,855,000 |
30,315,000 |
|
2.01.05 |
Other Liabilities |
31,460,000 |
32,789,000 |
|
2.01.05.02 |
Others |
31,460,000 |
32,789,000 |
|
2.01.05.02.04 |
Other Taxes Payable |
15,495,000 |
22,325,000 |
|
2.01.05.02.06 |
Other liabilities |
15,965,000 |
10,464,000 |
|
2.01.06 |
Provisions |
3,734,000 |
3,632,000 |
|
2.01.06.02 |
Other Provisions |
3,734,000 |
3,632,000 |
|
2.01.06.02.04 |
Pension and Medical Benefits |
3,734,000 |
3,632,000 |
|
2.01.07 |
Liabilities Associated with Non-Current Assets Held for Sale and
Discontinued |
8,963,000 |
4,840,000 |
|
2.01.07.01 |
Liabilities Associated with Non-Current Assets Held for
Sale |
8,963,000 |
4,840,000 |
|
2.02 |
Non-Current Liabilities |
437,662,000 |
448,457,000 |
|
2.02.01 |
Non-Current Debt and Finance Lease Obligations |
246,675,000 |
277,187,000 |
|
2.02.01.01 |
Non-Current Debt |
148,945,000 |
178,908,000 |
|
2.02.01.03 |
Lease Obligations |
97,730,000 |
98,279,000 |
|
2.02.02 |
Other Liabilities |
1,604,000 |
1,676,000 |
|
2.02.02.02 |
Others |
1,604,000 |
1,676,000 |
|
2.02.02.02.03 |
Income Tax and Social Contribution |
1,604,000 |
1,676,000 |
|
2.02.03 |
Deferred Taxes |
35,472,000 |
6,857,000 |
|
2.02.03.01 |
Deferred Taxes |
35,472,000 |
6,857,000 |
|
2.02.04 |
Provisions |
153,911,000 |
162,737,000 |
|
2.02.04.01 |
Provisions for Tax Social Security, Labor and Civil
Lawsuits |
13,621,000 |
11,263,000 |
|
2.02.04.02 |
Other Provisions |
140,290,000 |
151,474,000 |
|
2.02.04.02.04 |
Pension and Medical Benefits |
46,491,000 |
51,498,000 |
|
2.02.04.02.05 |
Provision for Decommissioning Costs |
80,502,000 |
87,160,000 |
|
2.02.04.02.06 |
Employee Benefits |
769,000 |
812,000 |
|
2.02.04.02.07 |
Other liabilities |
12,528,000 |
12,004,000 |
|
2.03 |
Shareholders' Equity |
374,105,000 |
389,581,000 |
|
2.03.01 |
Share Capital |
205,432,000 |
205,432,000 |
|
2.03.02 |
Capital Reserves |
3,102,000 |
3,097,000 |
|
2.03.04 |
Profit Reserves |
133,452,000 |
164,244,000 |
|
2.03.08 |
Other Comprehensive Income |
30,512,000 |
14,556,000 |
|
2.03.09 |
Non-controlling interests |
1,607,000 |
2,252,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Consolidated Interim Accounting Information / Statement of
Income
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Accumulated of the Current Quarter 07/01/2022 to
09/30/2022 |
Accumulated of the Current Year 01/01/2022 to
09/30/2022 |
Accumulated of the Previous Quarter 07/01/2021 to
09/30/2021 |
Accumulated of the Previous Year 01/01/2021 to
09/30/2021 |
|
3.01 |
Sales Revenues |
170,076,000 |
482,677,000 |
121,594,000 |
318,478,000 |
|
3.02 |
Cost of Sales |
(83,240,000) |
(225,214,000) |
(62,042,000) |
(157,888,000) |
|
3.03 |
Gross Profit |
86,836,000 |
257,463,000 |
59,552,000 |
160,590,000 |
|
3.04 |
Operating Expenses / Income |
(12,224,000) |
(21,019,000) |
6,905,000 |
(8,048,000) |
|
3.04.01 |
Selling Expenses |
(6,358,000) |
(18,653,000) |
(5,766,000) |
(16,706,000) |
|
3.04.02 |
General and Administrative Expenses |
(1,752,000) |
(4,900,000) |
(1,763,000) |
(4,630,000) |
|
3.04.05 |
Other Operating Expenses |
(4,285,000) |
601,000 |
12,914,000 |
5,444,000 |
|
3.04.05.01 |
Other Taxes |
(489,000) |
(1,255,000) |
(1,141,000) |
(1,983,000) |
|
3.04.05.02 |
Research and Development Expenses |
(984,000) |
(3,145,000) |
(792,000) |
(2,206,000) |
|
3.04.05.03 |
Exploration Costs |
(565,000) |
(1,169,000) |
(696,000) |
(2,897,000) |
|
3.04.05.05 |
Other Operating Expenses, Net |
(911,000) |
8,349,000 |
(815,000) |
(2,823,000) |
|
3.04.05.07 |
Impairment of Assets Reversals (Charges) |
(1,336,000) |
(2,179,000) |
16,358,000 |
15,353,000 |
|
3.04.06 |
Share of Profit / Gains on Interest in Equity-Accounted
Investments |
171,000 |
1,933,000 |
1,520,000 |
7,844,000 |
|
3.05 |
Net Income Before Financial Results and Income Taxes |
74,612,000 |
236,444,000 |
66,457,000 |
152,542,000 |
|
3.06 |
Finance Income (Expenses), Net |
(7,973,000) |
(20,747,000) |
(25,480,000) |
(45,452,000) |
|
3.06.01 |
Finance Income |
2,713,000 |
7,127,000 |
1,188,000 |
2,973,000 |
|
3.06.01.01 |
Finance Income |
2,713,000 |
7,127,000 |
1,188,000 |
2,973,000 |
|
3.06.02 |
Finance Expenses |
(10,686,000) |
(27,874,000) |
(26,668,000) |
(48,425,000) |
|
3.06.02.01 |
Finance Expenses |
(4,157,000) |
(12,817,000) |
(6,237,000) |
(22,721,000) |
|
3.06.02.02 |
Foreign Exchange and Inflation Indexation Charges, Net |
(6,529,000) |
(15,057,000) |
(20,431,000) |
(25,704,000) |
|
3.07 |
Net Income Before Income Taxes |
66,639,000 |
215,697,000 |
40,977,000 |
107,090,000 |
|
3.08 |
Income Tax and Social Contribution |
(20,403,000) |
(70,194,000) |
(9,753,000) |
(31,549,000) |
|
3.08.01 |
Current |
(19,181,000) |
(58,701,000) |
(9,133,000) |
(10,302,000) |
|
3.08.02 |
Deferred |
(1,222,000) |
(11,493,000) |
(620,000) |
(21,247,000) |
|
3.09 |
Net Income from Continuing Operations |
46,236,000 |
145,503,000 |
31,224,000 |
75,541,000 |
|
3.11 |
Income / (Loss) for the Period |
46,236,000 |
145,503,000 |
31,224,000 |
75,541,000 |
|
3.11.01 |
Attributable to Shareholders of Petrobras |
46,096,000 |
144,987,000 |
31,142,000 |
75,164,000 |
|
3.11.02 |
Attributable to Non-Controlling Interests |
140,000 |
516,000 |
82,000 |
377,000 |
|
3.99.01 |
Income per Share |
|
|
|
|
|
3.99.01.01 |
Ordinary Shares |
3.54 |
11.12 |
2.39 |
5.76 |
|
3.99.01.02 |
Preferred Shares |
3.54 |
11.12 |
2.39 |
5.76 |
|
3.99.02 |
Diluted Income per Share |
|
|
|
|
|
3.99.02.01 |
Ordinary Shares |
3.54 |
11.12 |
2.39 |
5.76 |
|
3.99.02.02 |
Preferred Shares |
3.54 |
11.12 |
2.39 |
5.76 |
|
Petróleo Brasileiro S.A. – Petrobras
Consolidated Interim Accounting Information / Statement of
Comprehensive Income
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Accumulated of the Current Quarter 07/01/2022 to
09/30/2022 |
Accumulated of the Current Year 01/01/2022 to
09/30/2022 |
Accumulated of the Previous Quarter 07/01/2021 to
09/30/2021 |
Accumulated of the Previous Year 01/01/2021 to
09/30/2021 |
|
4.01 |
Net Income for the Period |
46,236,000 |
145,503,000 |
31,224,000 |
75,541,000 |
|
4.02 |
Other Comprehensive Income |
5,757,000 |
15,955,000 |
13,918,000 |
26,962,000 |
|
4.02.01 |
Actuarial Gains (Losses) on Post-employment Defined Benefits
Plans |
− |
− |
6,034,000 |
14,680,000 |
|
4.02.02 |
Deferred Income Tax and Social Contribution on Actuarial Gains /
(Losses) on Defined Benefits Plans |
− |
− |
− |
(2,942,000) |
|
4.02.03 |
Translation Adjustments in investees |
8,939,000 |
(8,137,000) |
21,876,000 |
12,235,000 |
|
4.02.07 |
Unrealized Gains / (Losses) on Cash Flow Hedge -
Recognized in Shareholders' Equity |
(10,442,000) |
17,059,000 |
(25,729,000) |
(13,536,000) |
|
4.02.08 |
Unrealized Gains / (Losses) on Cash Flow Hedge -
Reclassified to Profit and Loss |
5,813,000 |
18,476,000 |
5,396,000 |
17,823,000 |
|
4.02.09 |
Deferred Income Tax and Social Contribution on Cash Flow
Hedge |
1,574,000 |
(12,082,000) |
6,913,000 |
(1,458,000) |
|
4.02.10 |
Share of Other Comprehensive Income of Equity-Accounted
Investments |
(127,000) |
639,000 |
(572,000) |
160,000 |
|
4.03 |
Total Comprehensive Income for the Period |
51,993,000 |
161,458,000 |
45,142,000 |
102,503,000 |
|
4.03.01 |
Attributable to Shareholders of Petrobras |
51,852,000 |
160,943,000 |
44,717,000 |
101,936,000 |
|
4.03.02 |
Attributable to Non-controlling Interests |
141,000 |
515,000 |
425,000 |
567,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Consolidated Interim Accounting Information / Statement of Changes
in Shareholders’ Equity - 01/01/2022 to 09/30/2022
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Share Capital |
Capital Reserves,
Granted Options
and Treasury Shares
|
Profit Reserves |
Retained Earnings /
Accumulated Losses
|
Other
Comprehensive
Income
|
Shareholders' Equity |
Non-controlling
interest
|
Shareholders' Equity
Consolidated
|
|
5.01 |
Balance at the Beginning of the Period |
205,432,000 |
3,313,000 |
164,028,000 |
− |
14,556,000 |
387,329,000 |
2,252,000 |
389,581,000 |
|
5.03 |
Adjusted Opening Balance |
205,432,000 |
3,313,000 |
164,028,000 |
− |
14,556,000 |
387,329,000 |
2,252,000 |
389,581,000 |
|
5.04 |
Capital Transactions with Owners |
− |
5,000 |
(81,663,000) |
(94,116,000) |
− |
(175,774,000) |
(1,160,000) |
(176,934,000) |
|
5.04.06 |
Dividends |
− |
− |
(81,663,000) |
(94,116,000) |
− |
(175,779,000) |
(278,000) |
(176,057,000) |
|
5.04.08 |
Capital Transactions |
− |
5,000 |
− |
− |
− |
5,000 |
(882,000) |
(877,000) |
|
5.05 |
Capital Transactions |
− |
− |
− |
144,987,000 |
15,956,000 |
160,943,000 |
515,000 |
161,458,000 |
|
5.05.01 |
Net Income for the Period |
− |
− |
− |
144,987,000 |
− |
144,987,000 |
516,000 |
145,503,000 |
|
5.05.02 |
Other Comprehensive Income |
− |
− |
− |
− |
15,956,000 |
15,956,000 |
(1,000) |
15,955,000 |
|
5.07 |
Balance at the End of the Period |
205,432,000 |
3,318,000 |
82,365,000 |
50,871,000 |
30,512,000 |
372,498,000 |
1,607,000 |
374,105,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Consolidated Interim Accounting Information / Statement of Changes
in Shareholders’ Equity - 01/01/2021 to 09/30/2021
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Share Capital |
Capital Reserves,
Granted Options
and Treasury Shares
|
Profit Reserves |
Retained Earnings /
Accumulated Losses
|
Other
Comprehensive
Income
|
Shareholders' Equity |
Non-controlling
interest
|
Shareholders' Equity
Consolidated
|
|
5.01 |
Balance at the Beginning of the Period |
205,432,000 |
2,665,000 |
127,296,000 |
− |
(26,983,000) |
308,410,000 |
2,740,000 |
311,150,000 |
|
5.03 |
Adjusted Opening Balance |
205,432,000 |
2,665,000 |
127,296,000 |
− |
(26,983,000) |
308,410,000 |
2,740,000 |
311,150,000 |
|
5.04 |
Capital Transactions with Owners |
− |
(3,703,000) |
(5,861,000) |
(31,705,000) |
− |
(41,269,000) |
3,305,000 |
(37,964,000) |
|
5.04.01 |
Capital Increases |
− |
− |
− |
− |
− |
− |
11,000 |
11,000 |
|
5.04.06 |
Dividends |
− |
− |
(5,861,000) |
(31,705,000) |
− |
(37,566,000) |
(371,000) |
(37,937,000) |
|
5.04.08 |
Capital Transactions |
− |
(3,703,000) |
− |
− |
− |
(3,703,000) |
3,665,000 |
(38,000) |
|
5.05 |
Total of Comprehensive Income |
− |
− |
− |
75,164,000 |
26,772,000 |
101,936,000 |
567,000 |
102,503,000 |
|
5.05.01 |
Net Income for the Period |
− |
− |
− |
75,164,000 |
− |
75,164,000 |
377,000 |
75,541,000 |
|
5.05.02 |
Other Comprehensive Income |
− |
− |
− |
− |
26,772,000 |
26,772,000 |
190,000 |
26,962,000 |
|
5.07 |
Balance at the End of the Period |
205,432,000 |
(1,038,000) |
121,435,000 |
43,459,000 |
(211,000) |
369,077,000 |
6,612,000 |
375,689,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Consolidated Interim Accounting Information / Statement of Cash
Flows – Indirect Method
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Accumulated of the Current Year 01/01/2022 to
09/30/2022 |
Accumulated of the Previous Year 01/01/2021 to
09/30/2021 |
|
6.01 |
Net cash provided by operating activities |
187,835,000 |
151,734,000 |
|
6.01.01 |
Cash provided by operating activities |
221,005,000 |
169,286,000 |
|
6.01.01.01 |
Net Income for the period |
145,503,000 |
75,541,000 |
|
6.01.01.02 |
Pension and medical benefits (actuarial expense) |
4,815,000 |
9,586,000 |
|
6.01.01.03 |
Results of equity-accounted investments |
(1,933,000) |
(7,844,000) |
|
6.01.01.04 |
Depreciation, depletion and amortization |
50,743,000 |
46,820,000 |
|
6.01.01.05 |
Impairment of assets (reversal) |
2,179,000 |
(15,353,000) |
|
6.01.01.06 |
Exploratory expenditures write-offs |
632,000 |
1,178,000 |
|
6.01.01.07 |
Gains/losses on legal, administrative and arbitration
proceedings |
4,169,000 |
2,797,000 |
|
6.01.01.08 |
Foreign exchange, indexation and finance charges |
23,876,000 |
44,143,000 |
|
6.01.01.09 |
Deferred income taxes, net |
11,493,000 |
21,247,000 |
|
6.01.01.10 |
Allowance (Reversals) for expected credit losses |
213,000 |
(100,000) |
|
6.01.01.11 |
Inventory write-down (write-back) to net realizable
value |
34,000 |
(5,000) |
|
6.01.01.13 |
Revision and unwinding of discount on the provision for
decommissioning costs |
2,172,000 |
3,131,000 |
|
6.01.01.16 |
Results from co-participation agreements in bid areas |
(14,193,000) |
(3,519,000) |
|
6.01.01.17 |
Disposal/write-offs of assets, remeasurement of investment retained
with loss of control and reclassification of CTA |
(5,850,000) |
(1,015,000) |
|
6.01.01.18 |
PIS and COFINS recovery - exclusion of ICMS (VAT tax) from the
basis of calculation |
− |
(4,955,000) |
|
6.01.01.19 |
Early termination and cash outflows revision of lease
agreements |
(2,848,000) |
(1,846,000) |
|
6.01.01.20 |
Assumption of interest in concessions |
− |
(520,000) |
|
6.01.02 |
Decrease / (increase) in assets / increase/ (decrease) in
liabilities |
(33,170,000) |
(17,552,000) |
|
6.01.02.01 |
Trade and other receivables, net |
3,823,000 |
(7,504,000) |
|
6.01.02.02 |
Inventories |
(13,259,000) |
(11,764,000) |
|
6.01.02.03 |
Judicial deposits |
(6,760,000) |
(4,454,000) |
|
6.01.02.05 |
Other assets |
(3,483,000) |
(836,000) |
|
6.01.02.06 |
Trade payables |
(2,140,000) |
4,459,000 |
|
6.01.02.07 |
Other taxes |
46,022,000 |
23,128,000 |
|
6.01.02.08 |
Pension and medical benefits |
(9,666,000) |
(10,821,000) |
|
6.01.02.09 |
Provisions for legal proceedings |
(1,292,000) |
(1,923,000) |
|
6.01.02.10 |
Short-term benefits |
(184,000) |
(795,000) |
|
6.01.02.11 |
Income tax and social contribution paid |
(44,861,000) |
(4,998,000) |
|
6.01.02.12 |
Provision for Decommissioning Costs |
(2,285,000) |
(2,798,000) |
|
6.01.02.14 |
Other liabilities |
915,000 |
754,000 |
|
6.02 |
Net cash used in investing activities |
7,921,000 |
7,965,000 |
|
6.02.01 |
Acquisition of PP&E and intangibles assets |
(30,946,000) |
(24,728,000) |
|
6.02.02 |
Decrease (increase) in investments in assets |
(101,000) |
(80,000) |
|
6.02.03 |
Proceeds from disposal of assets - Divestment |
19,927,000 |
15,053,000 |
|
6.02.04 |
Divestment (investment) in marketable securities |
(8,055,000) |
629,000 |
|
6.02.05 |
Dividends received |
1,615,000 |
1,581,000 |
|
6.02.08 |
Financial compensation for Co-participation Agreement |
25,481,000 |
15,510,000 |
|
6.03 |
Net cash used in financing activities |
(227,173,000) |
(164,565,000) |
|
6.03.01 |
Changes in non-controlling interest |
241,000 |
(49,000) |
|
6.03.02 |
Proceeds from financing |
13,322,000 |
8,921,000 |
|
6.03.03 |
Repayment of principal - finance debt |
(39,255,000) |
(108,399,000) |
|
6.03.04 |
Repayment of interest - finance debt |
(7,499,000) |
(10,142,000) |
|
6.03.05 |
Dividends paid to shareholders of Petrobras |
(173,075,000) |
(31,177,000) |
|
6.03.06 |
Dividends paid to non-controlling interests |
(340,000) |
(396,000) |
|
6.03.08 |
Settlement of lease liabilities |
(20,567,000) |
(23,323,000) |
|
6.04 |
Effect of exchange rate changes on cash and cash
equivalents |
(3,415,000) |
3,362,000 |
|
6.05 |
Net increase/ (decrease) in cash and cash equivalents |
(34,832,000) |
(1,504,000) |
|
6.05.01 |
Cash and cash equivalents at the beginning of the year |
58,482,000 |
60,930,000 |
|
6.05.02 |
Cash and cash equivalents at the end of the period |
23,650,000 |
59,426,000 |
|
Petróleo Brasileiro S.A. – Petrobras
Consolidated Interim Accounting Information / Statement of Added
Value
(R$
Thousand)
|
|
| |
|
|
Account Code |
Account Description |
Accumulated of the Current Year 01/01/2022 to
09/30/2022 |
Accumulated of the Previous Year 01/01/2021 to
09/30/2021 |
|
7.01 |
Sales Revenues |
618,833,000 |
447,296,000 |
|
7.01.01 |
Sales of Goods and Services |
565,117,000 |
399,087,000 |
|
7.01.02 |
Other Revenues |
26,078,000 |
17,811,000 |
|
7.01.03 |
Revenues Related to the Construction of Assets to be Used in Own
Operations |
27,851,000 |
30,298,000 |
|
7.01.04 |
Allowance for expected credit losses |
(213,000) |
100,000 |
|
7.02 |
Inputs Acquired from Third Parties |
(187,371,000) |
(122,759,000) |
|
7.02.01 |
Cost of Sales |
(112,116,000) |
(66,887,000) |
|
7.02.02 |
Materials, Power, Third-Party Services and Other Operating
Expenses |
(39,018,000) |
(44,241,000) |
|
7.02.03 |
Impairment Charges / Reversals of Assets |
(2,179,000) |
15,353,000 |
|
7.02.04 |
Others |
(34,058,000) |
(26,984,000) |
|
7.02.04.01 |
Tax Credits on Inputs Acquired from Third Parties |
(34,024,000) |
(26,989,000) |
|
7.02.04.02 |
Inventory Write-Down to Net Realizable Value |
(34,000) |
5,000 |
|
7.03 |
Gross Added Value |
431,462,000 |
324,537,000 |
|
7.04 |
Retentions |
(55,658,000) |
(51,052,000) |
|
7.04.01 |
Depreciation, Amortization and Depletion |
(55,658,000) |
(51,052,000) |
|
7.05 |
Net Added Value Produced |
375,804,000 |
273,485,000 |
|
7.06 |
Transferred Added Value |
11,650,000 |
16,728,000 |
|
7.06.01 |
Share of Profit of Equity-Accounted Investments |
1,933,000 |
7,844,000 |
|
7.06.02 |
Finance Income |
7,127,000 |
2,973,000 |
|
7.06.03 |
Others |
2,590,000 |
5,911,000 |
|
7.06.03.01 |
Rentals, royalties and others |
2,590,000 |
960,000 |
|
7.06.03.03 |
PIS and COFINS recovery - exclusion of ICMS (VAT tax) from the
basis of calculation |
− |
4,951,000 |
|
7.07 |
Total Added Value to be Distributed |
387,454,000 |
290,213,000 |
|
7.08 |
Distribution of Added Value |
387,454,000 |
290,213,000 |
|
7.08.01 |
Employee Compensation |
21,856,000 |
25,151,000 |
|
7.08.01.01 |
Salaries |
14,215,000 |
13,313,000 |
|
7.08.01.02 |
Fringe Benefits |
6,896,000 |
11,139,000 |
|
7.08.01.03 |
Unemployment Benefits (FGTS) |
745,000 |
699,000 |
|
7.08.02 |
Taxes and Contributions |
183,211,000 |
131,100,000 |
|
7.08.02.01 |
Federal |
148,842,000 |
102,179,000 |
|
7.08.02.02 |
State |
33,838,000 |
28,495,000 |
|
7.08.02.03 |
Municipal |
531,000 |
426,000 |
|
7.08.03 |
Return on Third-Party Capital |
36,884,000 |
58,421,000 |
|
7.08.03.01 |
Interest |
31,906,000 |
54,800,000 |
|
7.08.03.02 |
Rental Expenses |
4,978,000 |
3,621,000 |
|
7.08.04 |
Return on Shareholders' Equity |
145,503,000 |
75,541,000 |
|
7.08.04.01 |
Interest on Capital |
11,451,000 |
− |
|
7.08.04.02 |
Dividends |
82,664,000 |
31,705,000 |
|
7.08.04.03 |
Retained Earnings / (Losses) for the Period |
50,872,000 |
43,459,000 |
|
7.08.04.04 |
Non-controlling Interests on Retained Earnings /
(Losses) |
516,000 |
377,000 |
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
These interim financial statements present the significant changes
in the period, avoiding repetition of certain notes to the
financial statements previously reported, and present the
consolidated information, considering Management’s understanding
that it provides a comprehensive view of the Company’s financial
position and operational performance, complemented by certain
information of the Parent Company. Hence, this interim financial
information should be read together with the Company’s audited
annual financial statements for the year ended December 31, 2021,
which include the full set of notes.
The consolidated and individual interim financial information of
the company was prepared and is presented in accordance with the
Technical Pronouncement - CPC 21 (R1) - Interim Financial
Statements, issued by the Accounting Pronouncements Committee (CPC)
and approved by the Securities and Exchange Commission (CVM), and
related to IAS 34 - Interim Financial Reporting issued by the
International Accounting Standards Board (IASB). All relevant
information pertaining to the financial statements, and only these,
are being evidenced, and correspond to those used in the management
of the company's Management.
These interim financial statements were approved and authorized for
issue by the Company’s Board of Directors in a meeting held on
November 3, 2022.
|
2. |
Summary of significant accounting
policies |
The same accounting policies and methods of computation were
followed in these consolidated interim financial statements as
those followed in the preparation of the annual financial
statements of the Company for the year ended December 31, 2021.
The accounting standards that came into effect on January
1st, 2022 did not have a material effect on these
individual and consolidated quarterly information.
Regarding the reform of the reference interest rates (IBOR Reform),
the Company continues to monitor the pronouncements of the
regulatory authorities, as well as the measures that have been
adopted, aimed at adapting the various financial instruments to the
new benchmarks. Petrobras and its subsidiaries have debts indexed
to Libor (London Interbank Offered Rate), the amount of which
corresponds to approximately 33.5% of their financings.
|
3. |
Cash and cash equivalents and
Marketable securities |
|
3.1. |
Cash and cash equivalents |
They include cash, available bank deposits and short-term financial
investments with high liquidity, which meet the definition of cash
and cash equivalents.
|
|
Consolidated |
|
|
09.30.2022 |
12.31.2021 |
|
Cash at bank and in hand |
862 |
1,666 |
|
Short-term financial
investments |
|
|
|
- In
Brazil |
|
|
|
Brazilian
interbank deposit rate investment funds and other short-term
deposits |
3,628 |
10,885 |
|
Other
investment funds |
1,120 |
911 |
|
|
4,748 |
11,796 |
|
- Abroad |
|
|
|
Time deposits |
8,855 |
24,050 |
|
Automatic investing accounts and
interest checking accounts |
9,032 |
20,826 |
|
Other financial
investments |
153 |
72 |
|
|
18,040 |
44,948 |
|
Total short-term financial
investments |
22,788 |
56,744 |
|
Total cash and cash
equivalents |
23,650 |
58,410 |
Short-term financial investments in Brazil primarily consist of
investments in funds holding Brazilian Federal Government Bonds
that can be redeemed immediately, as well as reverse repurchase
agreements that mature within three months as of the date of their
acquisition. Short-term financial investments abroad comprise time
deposits that mature in three months or less from the date of their
acquisition, highly-liquid automatic investment accounts, interest
checking accounts and other short-term fixed income
instruments.
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
|
3.2. |
Marketable securities |
|
|
|
Consolidated |
|
|
09.30.2022 |
12.31.2021 |
|
Fair value through profit or
loss |
3,543 |
3,630 |
|
Amortized cost |
9,759 |
247 |
|
Total |
13,302 |
3,877 |
|
Current |
13,038 |
3,630 |
|
Non-current |
264 |
247 |
|
|
Marketable securities classified as fair value through profit or
loss refer mainly to investments in Brazilian Federal Government
Bonds. These financial investments have maturities of more than
three months and are generally classified as current assets due to
their maturity or the expectation of their realization in the short
term. Securities classified as amortized cost refer to investments
abroad in time deposits with maturities exceeding three months from
the contracting date and investments in floating-rate Bank Deposit
Certificates with daily liquidity, with maturity of one year.
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
| |
|
Consolidated |
| |
2022 |
2021 |
| |
Jul-Sep |
Jan-Sep |
Jul-Sep |
Jan-Sep |
|
Gross sales |
191,345 |
565,117 |
154,062 |
399,087 |
|
Sales taxes (*) |
(21,269) |
(82,440) |
(32,468) |
(80,609) |
|
Sales revenues |
170,076 |
482,677 |
121,594 |
318,478 |
|
Diesel |
61,343 |
152,821 |
35,722 |
92,983 |
|
Gasoline |
21,575 |
62,166 |
17,690 |
43,197 |
|
Liquefied petroleum gas |
7,108 |
20,354 |
6,747 |
17,673 |
|
Jet fuel |
8,058 |
20,133 |
3,292 |
7,727 |
|
Naphtha |
3,305 |
10,042 |
2,749 |
6,450 |
|
Fuel oil (including bunker fuel) |
2,003 |
5,648 |
2,852 |
6,708 |
|
Other oil products |
7,780 |
22,379 |
6,265 |
16,399 |
|
Subtotal oil products |
111,172 |
293,543 |
75,317 |
191,137 |
|
Natural gas |
10,522 |
29,199 |
8,974 |
21,659 |
|
Crude oil |
10,379 |
32,777 |
137 |
427 |
|
Nitrogen products and renewables |
364 |
1,173 |
63 |
184 |
|
Breakage |
988 |
2,361 |
204 |
1,069 |
|
Electricity |
740 |
2,827 |
5,433 |
11,495 |
|
Services, agency and others |
1,333 |
4,080 |
1,243 |
3,019 |
|
Domestic market |
135,498 |
365,960 |
91,371 |
228,990 |
|
Exports |
29,859 |
105,370 |
29,308 |
85,675 |
|
Crude
oil |
19,031 |
71,663 |
21,582 |
61,803 |
|
Fuel oil
(including bunker fuel) |
9,182 |
30,271 |
6,115 |
19,396 |
|
Other oil
products and other products |
1,646 |
3,436 |
1,611 |
4,476 |
|
Sales abroad (**) |
4,719 |
11,347 |
915 |
3,813 |
|
Foreign Market |
34,578 |
116,717 |
30,223 |
89,488 |
|
Sales revenues |
170,076 |
482,677 |
121,594 |
318,478 |
|
(*) Includes, mainly, CIDE, PIS, COFINS and ICMS
(VAT). |
|
(**) Sales revenues from operations outside of Brazil, including
trading and excluding exports. |
In the period from January to September 2022, the revenues of two
clients in the Refining, Transportation and Marketing (RTM) segment
individually represent 15% and 11% of the company's revenues. In
the same period of 2021, only one customer in the RTM segment
represented 15% of the company's total revenue.
|
5. |
Costs and expenses by nature |
| |
|
Consolidated |
| |
2022 |
2021 |
| |
Jul-Sep |
Jan-Sep |
Jul-Sep |
Jan-Sep |
|
Raw material, products for resale, materials and third-party
services (*) |
(47,657) |
(117,439) |
(30,823) |
(71,554) |
|
Depreciation, depletion and amortization |
(13,908) |
(41,001) |
(12,380) |
(36,087) |
|
Production taxes |
(19,435) |
(60,409) |
(15,574) |
(42,397) |
|
Employee compensation |
(2,240) |
(6,365) |
(3,265) |
(7,850) |
|
Total |
(83,240) |
(225,214) |
(62,042) |
(157,888) |
|
(*) It Includes short-term leases and inventory
turnover. |
| |
|
Consolidated |
| |
2022 |
2021 |
| |
Jul-Sep |
Jan-Sep |
Jul-Sep |
Jan-Sep |
|
Materials, third-party services, freight, rent and other related
costs |
(5,102) |
(14,991) |
(4,831) |
(14,020) |
|
Depreciation, depletion and amortization |
(1,020) |
(3,124) |
(831) |
(2,384) |
|
Allowance for expected credit losses |
(107) |
(177) |
37 |
71 |
|
Employee compensation |
(129) |
(361) |
(141) |
(373) |
|
Total |
(6,358) |
(18,653) |
(5,766) |
(16,706) |
|
5.3. |
General and administrative
expenses |
| |
|
Consolidated |
| |
2022 |
2021 |
| |
Jul-Sep |
Jan-Sep |
Jul-Sep |
Jan-Sep |
|
Employee compensation |
(1,171) |
(3,267) |
(1,364) |
(3,390) |
|
Materials, third-party services, rent and other related
costs |
(446) |
(1,260) |
(294) |
(894) |
|
Depreciation, depletion and amortization |
(135) |
(373) |
(105) |
(346) |
|
Total |
(1,752) |
(4,900) |
(1,763) |
(4,630) |
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
|
6. |
Other income and expenses |
| |
|
Consolidated |
| |
2022 |
2021 |
| |
Jul-Sep |
Jan-Sep |
Jul-Sep |
Jan-Sep |
|
Unscheduled stoppages and pre-operating expenses |
(2,390) |
(6,862) |
(1,792) |
(5,281) |
|
Gains / (losses) related to legal, administrative and arbitration
proceedings |
(1,377) |
(4,169) |
(1,416) |
(2,797) |
|
Pension and medical benefits – retirees (****) |
(1,596) |
(4,083) |
(4,300) |
(6,663) |
|
Variable compensation program |
(805) |
(2,061) |
(795) |
(1,857) |
|
Gains/(losses) with Commodities Derivatives |
464 |
(627) |
(70) |
(294) |
|
Operating expenses with thermoelectric power plants |
(196) |
(555) |
(85) |
(334) |
|
Profit Sharing |
(201) |
(530) |
(182) |
(496) |
|
Transfer of rights on concession agreements |
− |
− |
1,518 |
1,579 |
|
Amounts recovered from Lava Jato investigation (**) |
115 |
175 |
132 |
1,197 |
|
Tax recovery (*) |
63 |
270 |
189 |
2,853 |
|
Fines imposed on suppliers |
310 |
904 |
249 |
664 |
|
Government grants |
650 |
1,687 |
139 |
158 |
|
Expenses/Reimbursements from E&P partnership
operations |
1,538 |
2,314 |
705 |
2,254 |
|
Early termination and cash outflows revision of lease
agreements |
826 |
2,848 |
632 |
1,846 |
|
Results on disposal/write-offs of assets and on remeasurement of
investment retained with loss of control |
1,550 |
5,850 |
613 |
1,235 |
|
Results from co-participation agreements in bid areas
(***) |
(50) |
14,193 |
3,519 |
3,519 |
|
Others |
188 |
(1,005) |
129 |
(406) |
|
Total |
(911) |
8,349 |
(815) |
(2,823) |
|
(*) In the nine-month period ended September 30, 2021, it includes
the effects of the exclusion of ICMS (VAT tax) from the basis of
calculation of sales taxes PIS and COFINS, except for the effects
of inflation indexation. |
|
(**) The total amount recovered from Lava Jato Investigation
through December 31, 2021 was R$ 6,220, recognized through
collaboration and leniency agreements entered into with individuals
and legal entities. |
|
(***) It mainly refers to the gain related to the Co-participation
Agreement of Atapu and Sépia (see note 16.2). |
|
(****) In 2022, includes the amount of R$ 352 referring to the
payment of the contribution provided for in the Term of Financial
Commitment Pre-70 for the administrative cost of the PPSP-R pre-70
and PPSP-NE pre-70 plans. |
| |
|
7. |
Net finance income (expense) |
| |
|
Consolidated |
| |
2022 |
2021 |
| |
Jul-Sep |
Jan-Sep |
Jul-Sep |
Jan-Sep |
|
Finance income |
2,713 |
7,127 |
1,188 |
2,973 |
|
Income from investments and marketable securities (Government
Bonds) |
1,783 |
4,448 |
519 |
921 |
|
Others |
930 |
2,679 |
669 |
2,052 |
|
Finance expenses |
(4,157) |
(12,817) |
(6,237) |
(22,721) |
|
Interest on finance debt |
(2,963) |
(9,143) |
(3,499) |
(12,415) |
|
Unwinding of discount on lease liabilities |
(1,773) |
(4,943) |
(1,579) |
(4,768) |
|
Discount and premium on repurchase of debt securities |
(54) |
(592) |
(1,309) |
(5,813) |
|
Capitalized borrowing costs |
1,364 |
4,072 |
1,406 |
3,970 |
|
Unwinding of discount on the provision for decommissioning
costs |
(668) |
(2,025) |
(1,017) |
(3,071) |
|
Other finance expenses and income, net |
(63) |
(186) |
(239) |
(624) |
|
Foreign exchange gains (losses) and indexation
charges |
(6,529) |
(15,057) |
(20,431) |
(25,704) |
|
Foreign Exchange (*) |
(4,073) |
278 |
(15,507) |
(10,659) |
|
Reclassification of hedge accounting to the Statement of Income
(*) |
(5,813) |
(18,476) |
(5,396) |
(17,823) |
|
Monetary restatement of anticipated dividends and dividends payable
(***) |
2,085 |
749 |
104 |
32 |
|
Recoverable taxes inflation indexation income (**) |
155 |
382 |
79 |
2,587 |
|
Others |
1,117 |
2,010 |
289 |
159 |
|
Total |
(7,973) |
(20,747) |
(25,480) |
(45,452) |
|
(*) For more information, see notes 27.3a and 27.3c. |
|
(**) In 2021, includes PIS and Cofins inflation indexation income -
exclusion of ICMS (VAT tax) from the basis of
calculation. |
|
(***) In 2022, it refers to the income on the monetary restatement
of paid anticipated dividends, in the amount of R$ 2,180 (R$ 105,
in 2021), and to the expense on the indexation charges on dividends
payable, in the amount of R$ 1,431 (R$ 73 in 2021). |
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
|
8. |
Net income by operating
segment |
Consolidated Statement of Income by operating segment –
Jul-Sep/2022
|
|
Exploration and Production |
Refining, Transportation &
Marketing |
Gas
&
Power
|
Corporate and other
business |
Eliminations |
Total |
|
Sales revenues |
101,391 |
154,035 |
21,747 |
657 |
(107,754) |
170,076 |
|
Intersegments |
99,712 |
2,773 |
5,262 |
7 |
(107,754) |
− |
|
Third
parties |
1,679 |
151,262 |
16,485 |
650 |
− |
170,076 |
|
Cost of sales |
(39,049) |
(139,607) |
(13,849) |
(711) |
109,976 |
(83,240) |
|
Gross profit |
62,342 |
14,428 |
7,898 |
(54) |
2,222 |
86,836 |
|
Expenses |
(2,316) |
(3,519) |
(3,078) |
(3,463) |
(19) |
(12,395) |
|
Selling |
(36) |
(2,297) |
(3,989) |
(17) |
(19) |
(6,358) |
|
General and
administrative |
(34) |
(253) |
(78) |
(1,387) |
− |
(1,752) |
|
Exploration
costs |
(565) |
− |
− |
− |
− |
(565) |
|
Research and
development |
(828) |
(8) |
(7) |
(141) |
− |
(984) |
|
Other
taxes |
(47) |
53 |
(83) |
(412) |
− |
(489) |
|
Impairment |
(24) |
(1,313) |
1 |
− |
− |
(1,336) |
|
Other income
and expenses |
(782) |
299 |
1,078 |
(1,506) |
− |
(911) |
|
Net income (loss) before financial
results and income taxes |
60,026 |
10,909 |
4,820 |
(3,517) |
2,203 |
74,441 |
|
Net finance
income (expenses) |
− |
− |
− |
(7,973) |
− |
(7,973) |
|
Results in
equity-accounted investments |
237 |
(118) |
62 |
(10) |
− |
171 |
|
Net Income (loss) before income
taxes |
60,263 |
10,791 |
4,882 |
(11,500) |
2,203 |
66,639 |
|
Income
taxes |
(20,409) |
(3,709) |
(1,639) |
6,103 |
(749) |
(20,403) |
|
Net income (loss) of the
period |
39,854 |
7,082 |
3,243 |
(5,397) |
1,454 |
46,236 |
|
Attributable to: |
|
|
|
|
|
|
|
Shareholders of Petrobras |
39,860 |
7,082 |
3,148 |
(5,448) |
1,454 |
46,096 |
|
Non-controlling interests |
(6) |
− |
95 |
51 |
− |
140 |
|
|
39,854 |
7,082 |
3,243 |
(5,397) |
1,454 |
46,236 |
Consolidated Statement of Income by operating segment –
Jul-Sep/2021
|
|
Exploration and Production |
Refining, Transportation &
Marketing |
Gas
&
Power
|
Corporate and other
business |
Eliminations |
Total |
|
Sales revenues |
76,472 |
107,188 |
18,014 |
476 |
(80,556) |
121,594 |
|
Intersegments |
74,710 |
2,290 |
3,384 |
172 |
(80,556) |
− |
|
Third
parties |
1,762 |
104,898 |
14,630 |
304 |
− |
121,594 |
|
Cost of sales |
(32,983) |
(95,546) |
(13,938) |
(474) |
80,899 |
(62,042) |
|
Gross profit |
43,489 |
11,642 |
4,076 |
2 |
343 |
59,552 |
|
Expenses |
19,572 |
(5,396) |
(4,043) |
(4,719) |
(29) |
5,385 |
|
Selling |
23 |
(2,172) |
(3,572) |
(16) |
(29) |
(5,766) |
|
General and
administrative |
(269) |
(190) |
(99) |
(1,205) |
− |
(1,763) |
|
Exploration
costs |
(696) |
− |
− |
− |
− |
(696) |
|
Research and
development |
(596) |
(8) |
(12) |
(176) |
− |
(792) |
|
Other
taxes |
(406) |
(196) |
(273) |
(266) |
− |
(1,141) |
|
Impairment |
16,901 |
(69) |
(474) |
− |
− |
16,358 |
|
Other income
and expenses |
4,615 |
(2,761) |
387 |
(3,056) |
− |
(815) |
| Net income (loss) before financial results and
income taxes |
63,061 |
6,246 |
33 |
(4,717) |
314 |
64,937 |
|
Net finance
income (expenses) |
− |
− |
− |
(25,480) |
− |
(25,480) |
|
Results in
equity-accounted investments |
151 |
1,343 |
60 |
(34) |
− |
1,520 |
|
Net Income (loss) before income
taxes |
63,212 |
7,589 |
93 |
(30,231) |
314 |
40,977 |
|
Income
taxes |
(21,440) |
(2,124) |
(11) |
13,929 |
(107) |
(9,753) |
|
Net income (loss) of the
period |
41,772 |
5,465 |
82 |
(16,302) |
207 |
31,224 |
|
Attributable to: |
|
|
|
|
|
|
|
Shareholders of Petrobras |
41,778 |
5,465 |
20 |
(16,328) |
207 |
31,142 |
|
Non-controlling interests |
(6) |
− |
62 |
26 |
− |
82 |
|
|
41,772 |
5,465 |
82 |
(16,302) |
207 |
31,224 |
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
Consolidated Statement of Income by operating segment –
Jan-Sep/2022
|
|
Exploration and Production |
Refining, Transportation &
Marketing |
Gas
&
Power
|
Corporate and other
business |
Eliminations |
Total |
|
Sales revenues |
311,999 |
439,940 |
57,792 |
2,058 |
(329,112) |
482,677 |
|
Intersegments |
306,890 |
7,480 |
14,723 |
19 |
(329,112) |
− |
|
Third
parties |
5,109 |
432,460 |
43,069 |
2,039 |
− |
482,677 |
|
Cost of sales |
(119,389) |
(383,669) |
(40,798) |
(2,089) |
320,731 |
(225,214) |
|
Gross profit |
192,610 |
56,271 |
16,994 |
(31) |
(8,381) |
257,463 |
|
Expenses |
9,983 |
(10,463) |
(11,702) |
(10,710) |
(60) |
(22,952) |
|
Selling |
(65) |
(6,703) |
(11,778) |
(47) |
(60) |
(18,653) |
|
General and
administrative |
(163) |
(657) |
(247) |
(3,833) |
− |
(4,900) |
|
Exploration
costs |
(1,169) |
− |
− |
− |
− |
(1,169) |
|
Research and
development |
(2,676) |
(31) |
(24) |
(414) |
− |
(3,145) |
|
Other
taxes |
(240) |
(76) |
(177) |
(762) |
− |
(1,255) |
|
Impairment |
(642) |
(1,535) |
4 |
(6) |
− |
(2,179) |
|
Other income
and expenses |
14,938 |
(1,461) |
520 |
(5,648) |
− |
8,349 |
|
Net income (loss) before financial
results and income taxes |
202,593 |
45,808 |
5,292 |
(10,741) |
(8,441) |
234,511 |
|
Net finance
income (expenses) |
− |
− |
− |
(20,747) |
− |
(20,747) |
|
Results in
equity-accounted investments |
776 |
823 |
354 |
(20) |
− |
1,933 |
|
Net Income (loss) before income
taxes |
203,369 |
46,631 |
5,646 |
(31,508) |
(8,441) |
215,697 |
|
Income
taxes |
(68,882) |
(15,575) |
(1,799) |
13,192 |
2,870 |
(70,194) |
|
Net income (loss) of the
period |
134,487 |
31,056 |
3,847 |
(18,316) |
(5,571) |
145,503 |
|
Attributable to: |
|
|
|
|
|
|
|
Shareholders of Petrobras |
134,504 |
31,056 |
3,483 |
(18,485) |
(5,571) |
144,987 |
|
Non-controlling interests |
(17) |
− |
364 |
169 |
− |
516 |
|
|
134,487 |
31,056 |
3,847 |
(18,316) |
(5,571) |
145,503 |
Consolidated Statement of Income by operating segment –
Jan-Sep/2021
|
|
Exploration and Production |
Refining, Transportation &
Marketing |
Gas
&
Power
|
Corporate and other
business |
Eliminations |
Total |
|
Sales revenues |
211,864 |
284,257 |
44,061 |
1,929 |
(223,633) |
318,478 |
|
Intersegments |
207,677 |
5,349 |
9,755 |
852 |
(223,633) |
− |
|
Third
parties |
4,187 |
278,908 |
34,306 |
1,077 |
− |
318,478 |
|
Cost of sales |
(91,286) |
(248,767) |
(29,957) |
(1,906) |
214,028 |
(157,888) |
|
Gross profit |
120,578 |
35,490 |
14,104 |
23 |
(9,605) |
160,590 |
|
Expenses |
14,276 |
(10,334) |
(11,645) |
(8,103) |
(86) |
(15,892) |
|
Selling |
(4) |
(6,146) |
(10,410) |
(60) |
(86) |
(16,706) |
|
General and
administrative |
(597) |
(574) |
(275) |
(3,184) |
− |
(4,630) |
|
Exploration
costs |
(2,897) |
− |
− |
− |
− |
(2,897) |
|
Research and
development |
(1,631) |
(28) |
(101) |
(446) |
− |
(2,206) |
|
Other
taxes |
(616) |
(543) |
(530) |
(294) |
− |
(1,983) |
|
Impairment |
16,329 |
(69) |
(914) |
7 |
− |
15,353 |
|
Other income
and expenses |
3,692 |
(2,974) |
585 |
(4,126) |
− |
(2,823) |
|
Net income (loss) before financial
results and income taxes |
134,854 |
25,156 |
2,459 |
(8,080) |
(9,691) |
144,698 |
|
Net finance
income (expenses) |
− |
− |
− |
(45,452) |
− |
(45,452) |
|
Results in
equity-accounted investments |
451 |
4,695 |
450 |
2,248 |
− |
7,844 |
|
Net Income (loss) before income
taxes |
135,305 |
29,851 |
2,909 |
(51,284) |
(9,691) |
107,090 |
|
Income
taxes |
(45,850) |
(8,553) |
(836) |
20,395 |
3,295 |
(31,549) |
|
Net income (loss) of the
period |
89,455 |
21,298 |
2,073 |
(30,889) |
(6,396) |
75,541 |
|
Attributable to: |
|
|
|
|
|
|
|
Shareholders of Petrobras |
89,473 |
21,298 |
1,752 |
(30,963) |
(6,396) |
75,164 |
|
Non-controlling interests |
(18) |
− |
321 |
74 |
− |
377 |
|
|
89,455 |
21,298 |
2,073 |
(30,889) |
(6,396) |
75,541 |
The balance of depreciation, depletion and amortization by business
segment is shown below:
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
| |
Exploration and Production |
Refining, Transportation & Marketing |
Gas
&
Power
|
Corporate and other business |
Total |
|
Jul-Sep/2022 |
13,435 |
3,029 |
667 |
12 |
17,143 |
|
Jul-Sep/2021 |
12,466 |
2,970 |
590 |
236 |
16,262 |
| |
|
|
|
|
|
| |
Exploration and Production |
Refining, Transportation & Marketing |
Gas
&
Power
|
Corporate and other business |
Total |
|
Jan-Sep/2022 |
40,077 |
8,682 |
1,710 |
274 |
50,743 |
|
Jan-Sep/2021 |
35,639 |
8,737 |
1,743 |
701 |
46,820 |
|
9. |
Trade and other receivables |
|
9.1. |
Trade and other receivables,
net |
|
|
Consolidated |
|
|
09.30.2022 |
12.31.2021 |
|
Receivables from contracts with
customers |
|
|
|
Third parties |
25,736 |
27,005 |
|
Related parties |
|
|
|
Investees (note 28.5) |
479 |
2,152 |
|
Subtotal |
26,215 |
29,157 |
|
Other trade receivables |
|
|
|
Third parties |
|
|
|
Receivables from divestments
(*) |
5,114 |
14,951 |
|
Lease receivables |
2,182 |
2,428 |
|
Other receivables |
3,963 |
4,866 |
|
Related parties |
|
|
|
Petroleum and alcohol accounts –
receivables from Brazilian Government |
3,094 |
2,822 |
|
Subtotal |
14,353 |
25,067 |
|
Total trade
receivables |
40,568 |
54,224 |
|
Expected credit losses (ECL) – Third
parties |
(7,986) |
(7,971) |
|
Expected credit losses (ECL) – Related
parties |
(40) |
(112) |
|
Total trade receivables,
net |
32,542 |
46,141 |
|
Current |
22,026 |
35,538 |
|
Non-current |
10,516 |
10,603 |
|
(*) On September 30, 2022, refers mainly to the amount receivable
for the divestment of Rio Ventura, Roncador, Baúna, Miranga,
Maromba, Pampo and Enchova, Breitener and Cricaré.
|
Accounts receivable are classified in the amortized cost category,
except for certain receivables with final price formation after the
transfer of control of products that depend on the variation in the
value of the commodity, classified in the category fair value
through profit or loss, whose value on September 30, 2022 totaled
R$2,348 (R$ 6,445 as of December 31, 2021).
The balance of receivables from divestments decreased mainly due to
the receipt of US$ 950 million (R$ 5,066), from the sale of
interest in the exploration block BM-S-8 and the receipt of US$ 1
billion (R$ 5,549) from Nova Transportadora do Sudeste (NTS),
referring to the last installment of the sale of 90% of Petrobras
shares.
|
9.2. |
Aging of trade and other
receivables – third parties |
|
|
|
Consolidated |
|
|
09.30.2022 |
12.31.2021 |
|
|
Trade receivables |
Expected credit losses
(ECL) |
Trade receivables |
Expected credit losses
(ECL) |
|
Current |
27,701 |
(212) |
39,392 |
(428) |
|
Overdue: |
|
|
|
|
|
Until 3 months |
687 |
(196) |
1,214 |
(144) |
|
3 – 6 months |
224 |
(148) |
221 |
(36) |
|
6 – 12 months |
208 |
(199) |
286 |
(164) |
|
More than 12 months |
8,175 |
(7,231) |
8,137 |
(7,199) |
|
Total |
36,995 |
(7,986) |
49,250 |
(7,971) |
|
9.3. |
Changes in provision for expected
credit losses |
|
|
Consolidated |
|
|
2022
Jan-Sep
|
2021
Jan-Sep
|
|
Opening
balance |
8,083 |
8,293 |
|
Additions |
505 |
266 |
|
Reversals |
(334) |
(342) |
|
Write-offs |
(103) |
(213) |
|
Transfers from assets
held for sale |
− |
(42) |
|
Cumulative translation
adjustment |
(125) |
178 |
|
Closing balance |
8,026 |
8,140 |
|
Current |
1,164 |
842 |
|
Non-current |
6,862 |
7,298 |
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
|
|
Consolidated |
|
|
09.30.2022 |
12.31.2021 |
|
Crude oil |
20,599 |
17,012 |
|
Oil products |
20,071 |
13,922 |
|
Intermediate products |
3,489 |
2,967 |
|
Natural gas and LNG (*) |
3,190 |
1,946 |
|
Biofuels |
145 |
106 |
|
Fertilizers |
8 |
43 |
|
Total products |
47,502 |
35,996 |
|
Materials, supplies and others |
5,323 |
4,490 |
|
Total |
52,825 |
40,486 |
|
(*) Liquefied
Natural Gas |
Consolidated inventories are presented net of losses for adjustment
to their net realizable value, these adjustments being mainly due
to fluctuations in international oil prices and their oil products
and, they are recognized in the statement of income for the period
as cost of sales. In the period from January to September 2022,
there was a provision of R$34 (reversal of R$5 in the period from
January to September 2021).
As of September 30, 2022, the company has a volume of oil and/or
oil product inventories given as guarantee of the Term of Financial
Commitments (TFC) related to the PPSP-R, PPSP R pre 70 and PPSP NR
pre 70 Pension plans, signed in 2008 with Fundação Petrobras de
Seguridade Social - Petros, in the estimated amount of R$5,573,
already deducted from the equivalent volumes of the partial early
settlement, carried out in February 2022, in compliance with the
contractual condition of debt coverage with the TFCs.
|
11.
Taxes
11.1.
Income tax and social contribution
Current taxes
Income tax and social contribution
|
Consolidated |
|
|
Current assets |
Current liabilities |
Non-current liabilities |
|
|
09.30.2022 |
12.31.2021 |
09.30.2022 |
12.31.2021 |
09.30.2022 |
12.31.2021 |
|
Taxes in Brazil |
|
|
|
|
|
|
|
Income taxes |
939 |
745 |
6,385 |
3,803 |
− |
− |
|
Income taxes – Tax settlement
programs |
− |
− |
253 |
241 |
1,604 |
1,676 |
|
|
939 |
745 |
6,638 |
4,044 |
1,604 |
1,676 |
|
Taxes abroad |
21 |
166 |
1,930 |
45 |
− |
− |
|
Total |
960 |
911 |
8,568 |
4,089 |
1,604 |
1,676 |
Reconciliation between statutory tax rate and effective tax expense
rate
The reconciliation of taxes calculated according to nominal rates
and the amount of registered taxes are shown below:
| |
|
Consolidated |
| |
2022 |
2021 |
| |
Jul-Sep |
Jan-Sep |
Jul-Sep |
Jan-Sep |
|
Net income before income taxes |
66,639 |
215,697 |
40,977 |
107,090 |
|
Nominal income taxes computed based on Brazilian statutory
corporate tax rates (34%) |
(22,657) |
(73,337) |
(13,933) |
(36,411) |
|
Adjustments to arrive at the effective tax rate: |
|
|
|
|
|
Interest on capital |
1,894 |
3,789 |
− |
- |
|
Different jurisdictional tax rates for companies abroad |
1,053 |
3,096 |
659 |
305 |
|
Brazilian income taxes on income of
companies incorporated outside Brazil (*) |
(511) |
(3,666) |
(785) |
(1,928) |
|
Tax loss carryforwards (unrecognized
tax losses) |
(46) |
(82) |
542 |
424 |
|
Non-taxable income (non-deductible
expenses), net (**) |
128 |
447 |
100 |
1,391 |
|
Post-retirement benefit |
(399) |
(1,339) |
(1,779) |
(2,263) |
|
Results of equity-accounted
investments in Brazil and abroad |
52 |
673 |
534 |
2,024 |
|
Non-incidence of income taxes on
indexation (SELIC interest rate) of undue paid taxes |
50 |
127 |
4,767 |
4,767 |
|
Others |
33 |
98 |
142 |
142 |
|
Income tax expenses |
(20,403) |
(70,194) |
(9,753) |
(31,549) |
|
Deferred income taxes |
(1,222) |
(11,493) |
(620) |
(21,247) |
|
Current income taxes |
(19,181) |
(58,701) |
(9,133) |
(10,302) |
|
Effective tax rate of income
taxes |
30.6% |
32.5% |
23.8% |
29.5% |
|
(*) Income tax and social contribution in Brazil referring to
income earned in the years by investees abroad, according to
provisions provided for in Law No. 12,973 / 2014. |
|
(**) It includes provisions for legal proceedings and payment of an
administrative contribution over the TFC Pre-70 for the
administrative funding of the PPSP-R pre-70 and PPSP-NE pre-70
plans. |
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
Deferred income taxes - non-current
The table below shows the composition and basis for realization of
deferred tax assets and liabilities:
|
Nature |
Basis for realization |
09.30.2022 |
12.31.2021 |
|
Property, plant and equipment - Cost
of prospecting and dismantling areas |
Depreciation, Amortization and Write-off of Assets
|
(3,160) |
(7,601) |
|
Property, plant and equipment -
Impairment |
Amortization, Write-off of Assets and
Impairment Reversal |
24,620 |
24,455 |
|
Property, plant and equipment –
Depreciation, accelerated and linear x unit produced and
capitalized charges |
Depreciation, Amortization and
Write-off of Assets |
(85,023) |
(72,123) |
|
Loans, accounts receivable / payable
and financing |
Payments, Receipts and
Consideration |
10,322 |
19,475 |
|
Leases |
Appropriation of
consideration |
3,771 |
6,942 |
|
Provision for lawsuits |
Payment and reversal of the
provision |
3,914 |
3,378 |
|
Tax losses |
Compensation of 30% of taxable
income |
3,499 |
10,193 |
|
Inventories |
Sale, Write-Off and Loss |
1,444 |
1,271 |
|
Employee benefits, mainly pension
plan |
Payment and reversal of the
provision |
6,885 |
6,976 |
|
Others |
|
929 |
3,548 |
|
Total |
|
|
|
|
|
(32.799) |
(3.486) |
|
Deferred income taxes – assets |
|
2,673 |
3,371 |
|
Deferred income taxes – liabilities (*) |
|
(35,472) |
(6,857) |
|
(*) The balance of deferred tax liabilities increased in the
period, mainly due to the offsetting of tax losses and negative
basis of social contribution, use of the benefit of accelerated tax
depreciation and the appreciation of the real against the
dollar. |
| |
|
|
|
|
|
|
|
|
The table below shows the movement in the periods:
| |
Consolidated |
| |
2022 |
2021 |
| |
Jan-Sep |
Jan-Sep |
|
Opening balance |
(3,486) |
32,509 |
|
Recognized in income of the period |
(11,493) |
(21,247) |
|
Recognized in shareholders’ equity |
(12,082) |
(4,400) |
|
Cummulative Translation Adjustment |
(33) |
11 |
|
Use of tax credits |
(5,722) |
(2,821) |
|
Others |
17 |
(45) |
|
Final balance |
(32,799) |
4,007 |
| |
Consolidated
|
Other taxes |
Current assets |
Non-current assets |
Current liabilities |
Non-current liabilities
(*) |
|
|
09.30.2022 |
12.31.2021 |
09.30.2022 |
12.31.2021 |
09.30.2022 |
12.31.2021 |
09.30.2022 |
12.31.2021 |
|
Taxes in Brazil: |
|
|
|
|
|
|
Current / Deferred VAT Rate
(VAT) |
5,003 |
3,712 |
2,174 |
2,114 |
2,297 |
5,554 |
− |
− |
|
Current / Deferred PIS and COFINS
(**) |
1,270 |
2,330 |
12,815 |
11,329 |
204 |
2,786 |
410 |
251 |
|
PIS and COFINS - Law
9,718/98 |
− |
− |
3,398 |
3,313 |
− |
− |
− |
− |
|
CIDE |
5 |
31 |
− |
− |
13 |
235 |
− |
− |
|
Production taxes/Royalties |
− |
|
− |
− |
11,794 |
11,984 |
368 |
117 |
|
Withholding income taxes |
− |
− |
− |
− |
330 |
481 |
− |
− |
|
Tax settlement programs |
− |
− |
− |
− |
129 |
374 |
36 |
36 |
|
Others |
201 |
272 |
1,422 |
1,393 |
615 |
781 |
421 |
392 |
|
Total in Brazil |
6,479 |
6,345 |
19,809 |
18,149 |
15,382 |
22,195 |
1,235 |
796 |
|
Taxes abroad |
324 |
255 |
62 |
48 |
113 |
130 |
− |
− |
|
Total |
6,803 |
6,600 |
19,871 |
18,197 |
15,495 |
22,325 |
1,235 |
796 |
|
(*) Other
non-current liabilities are classified as other
liabilities. |
|
(**) As of September 30, 2022,
includes R$289 (R$576 as of December 31, 2021) in current assets,
referring to the exclusion of VAT tax in the PIS and COFINS
calculation basis. |
PIS and COFINS Law 9,718/98
The company filed common actions against the Federal Government
referring to the recovery of amounts paid as PIS/COFINS on
financial income and active exchange variations, considering the
unconstitutionality of §1 of art. 3 of Law 9,718/98, in the periods
between February 1999 and January 2004.
All actions were upheld with a final and unappealable decision.
Currently, two actions are in the precatory stage, with values
as
claimed by the company. Regarding the two remaining cases, both
have favorable reports, and in one of them, the Union has already
expressed its agreement.
As of September 30, 2022, the amount monetarily restated is R$3,398
(R$3,313 as of December 31, 2021).
|
NOTES TO THE FINANCIAL STATEMENTS
PETROBRAS
This interim financial information should be read together with the
Company’s audited annual financial statements(Expressed in millions
of reais, unless otherwise indicated)
|
| |
Employee benefits are all forms of consideration given by an entity
in exchange for service rendered by employees or for the
termination of employment. It also includes expenses with directors
and other managers. Such benefits include salaries, post-employment
benefits, termination benefits and other benefits.
|
|
Consolidated |
|
|
09.30.2022 |
12.31.2021 |
|
Liabilities |
|
|
|
Short-term employee
benefits |
7,895 |
7,197 |
|
Termination benefits |
1,064 |
1,950 |
|
Post-retirement benefits |
50,225 |
55,130 |
|
Total |
59,184 |
64,277 |
|
Current |
11,924 |
11,967 |
|
Non-current |
47,260 |
52,310 |
12.1.
Short-term benefits
Short-term benefits are employee benefits (other than termination
benefits) that are expected to be settled wholly before twelve
months after the end of the reporting period in which the employees
render the related service.
|
|
|
Consolidated |
|
|
|
|
09.30.2022 |
12.31.2021 |
|
Variable compensation program –
PPP |
|
|
2,225 |
2,574 |
|
Accrued vacation and Christmas
bonus |
|
|
3,801 |
2,453 |
|
Salaries and related charges and other
provisions |
|
|
1,331 |
1,505 |
|
Profit sharing |
|
|
538 |
665 |
|
Total |
|
|
7,895 |
7,197 |
|
Current |
|
|
7,749 |
7,178 |
|
Non-current (*) |
|
|
146 |
19 |
(*) Refers to the balance of the deferral for 4 years of 40% of the
PPP portion of the administrators and executive managers.
In the period from January to September, in relation to short-term
benefits, the company recognized the following amounts in the
income statement:
| |
Consolidated |
| |
2022 |
2021 |
| |
Jul-Sep |
Jan-Sep |
Jul-Sep |
Jan-Sep |
|
|