(A free translation of the original in Portuguese)
Companhia Brasileira
de Distribuição
Report of Independent Accountants on the
Limited Review of Quarterly
Information - ITR
June 30, 2001
(A free translation of the original in Portuguese)
Report of Independent Accountants on the
Limited Review of Quarterly Information
July 27, 2001
To the Board of Directors and Stockholders
Companhia Brasileira de Distribuição
1
We have carried out limited reviews of the Quarterly Information - ITR of Companhia
Brasileira de Distribuição for the quarters and six-month periods ended June 30, 2001 and
2000 and for the quarter ended March 31, 2001. This information is the responsibility of the
Company's management.
2
Our reviews were carried out in accordance with the specific standards established by the
Institute of Independent Auditors of Brazil (IBRACON) in conjunction with the Federal
Accounting Council (CFC) and mainly comprised: (a) inquiry of and discussion with
management responsible for the accounting, financial and operational areas of the Company
with regard to the main criteria adopted for the preparation of the quarterly information and
(b) a review of the relevant information and of the subsequent events which have, or could
have, significant effects on the Company's financial position and operations.
2
July 27, 2001
Companhia Brasileira de Distribuição
3
Based on our limited reviews we are not aware of any significant adjustments which should be
made to the quarterly information referred to above in order that such information be stated in
conformity with the accounting principles determined by Brazilian corporate legislation and
with the standards of the Brazilian Securities Commission (CVM), specifically applicable to
the preparation of quarterly information.
PricewaterhouseCoopers
Auditores Independentes
CRC 2SP000160/O-5
Henrique Luz
Partner
Contador CRC 1RJ045789/T-2 "T" SP 002332
3
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
REGISTRATION WITH THE CVM DOES NOT IMPLY ANY ANALYSIS OF THE COMPANY. COMPANY MANAGEMENT IS RESPONSIBLE FOR THE ACCURACY OF THE
INFORMATION PROVIDED .
01.01 – IDENTIFICATION
1 – CVM CODE
2 - COMPANY NAME
3 – Federal Corporate Taxpayers' Registration Number – CNPJ
01482-6
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
47.508.411/0001-56
4 – State Registration Number – NIRE
35900089901
01.02 – HEAD OFFICE
1 – ADDRESS
2 – SUBURB OR DISTRICT
Av. Brigadeiro Luís Antônio, 3142
Jardim Paulista
3 – POSTAL CODE
4 – MUNICIPALITY
5 - STATE
01402-000
São Paulo
SP
6 – AREA CODE
7 – TELEPHONE
8 – TELEPHONE
9 - TELEPHONE
011
11 – AREA CODE
011
3886-0533
12 – FAX
3884-7177
13 – FAX
14 - FAX
10 - TELEX
15 – E-MAIL
[email protected]
01.03 – INVESTOR RELATIONS OFFICER (Company Mail Address)
1 – NAME
Aymar Giglio Junior
2 – ADDRESS
3 – SUBURB OR DISTRICT
Av. Brigadeiro Luís Antônio, 3142
Jardim Paulista
4 – POSTAL CODE
5 – MUNICIPALITY
01402-000
São Paulo
6 - STATE
SP
7 – AREA CODE
8 – TELEPHONE
011
3886-0421
12 – AREA CODE
13 – FAX
011
3884-2677
16 – E-MAIL
[email protected]
9 – TELEPHONE
10 - TELEPHONE
14 – FAX
15 - FAX
11 - TELEX
01.04 –GENERAL INFORMATION/INDEPENDENT ACCOUNTANT
CURRENT YEAR
1-BEGINNING
01/01/2001
CURRENT QUARTER
2-END
12/31/2001
3-QUARTER
2
PRIOR QUARTER
4-BEGINNING
04/01/2001
5-END
06/30/2001
9 – INDEPENDENT ACCOUNTANT
PricewaterhouseCoopers Auditores Independentes
11 - PARTNER RESPONSIBLE
Henrique José Fernandes Luz
6-QUARTER
1
7-BEGINNING
01/01/2001
8-END
03/31/2001
10 - CVM CODE
00287-9
12 - INDIVIDUAL TAXPAYERS' REGISTRATION NUMBER OF THE PARTNER
RESPONSIBLE
343.629.917-00
1
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
01.05 – CAPITAL COMPOSITION
Number of shares
(Thousand)
Current Quarter
06/30/2001
Prior quarter
03/31/2001
Same quarter in prior year
06/30/2000
Paid-up capital
1 – Common
2 – Preferred
3 – Total
63,470,812
49,025,597
112,496,409
62,858,755
44,515,279
107,374,034
62,858,755
34,869,181
97,727,936
0
0
0
0
0
0
0
0
0
Treasury Stock
4 – Common
5 – Preferred
6 – Total
01.06 – CHARACTERISTICS OF THE COMPANY
1 – TYPE OF COMPANY
Commercial, industrial and other
2 – SITUATION
Operating
3 – NATURE OF OWNERSHIP
Private national company
4 –ACTIVITY CODE
1040600 – Supermarkets
5 – MAIN ACTIVITY
Retail Trade
6 – TYPE OF CONSOLIDATION
Partial
7 – TYPE OF REPORT OF THE INDEPENDENT ACCOUNTANT
Unqualified
01.07 – COMPANIES EXCLUDED FROM THE CONSOLIDATED FINANCIAL STATEMENTS
1 – ITEM
01
02
03
04
05
2 – CNPJ
48.093.892/0001-49
.. / 04.129.171/0001-76
00.027.682/0001-26
04.281.635/0001-65
3 – NAME
Supermercados Mogi S.A.
CBD Technology Inc.
Supermercados Mirambava Ltda.
Ponte do Ó Veículos e Peças Ltda.
Companhia Progresso de Alimentos
01.08 – DIVIDENDS APPROVED AND/OR PAID DURING AND AFTER THE QUARTER
1 – ITEM
01
02
03
04
2 – EVENT
AGO/E
AGO/E
AGO/E
AGO/E
3 – DATE APPROVED
04/26/2001
04/26/2001
04/26/2001
04/26/2001
4 – AMOUNT
Dividends
Dividends
Interest on own capital
Interest on own capital
5 – DATE OF PAYMENT
06/22/2001
06/22/2001
10/16/2001
10/16/2001
2
6 - TYPE OF SHARE
PN
ON
PN
ON
7 – AMOUNT PER SHARE
0.0007463300
0.0007463300
0.0007978660
0.0007978660
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 – COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number – CNPJ
47.508.411/0001-56
01.09 – SUBSCRIBED CAPITAL AND ALTERATIONS IN THE CURRENT YEAR
1 – ITEM
2 – DATE OF ALTERATION
01
02
03
04
05
06
07
08
09
10
11
12
02/05/2001
03/08/2001
05/04/2001
05/18/2001
06/12/2001
06/15/2001
06/22/2001
06/27/2001
06/28/2001
06/29/2001
06/29/2001
06/29/2001
3 - CAPITAL
4 – AMOUNT OF THE ALTERATION
(IN THOUSANDS OF REAIS)
(IN THOUSANDS OF REAIS)
2,001,099
2,001,113
2,001,206
2,001,208
2,068,613
2,074,766
2,075,231
2,076,244
2,124,301
2,172,702
2,222,854
2,244,136
66
14
93
2
67,405
6,153
465
1,013
48,057
48,401
50,152
21,282
5 –NATURE OF ALTERATION
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Private subscription in cash
Private subscription in cash
01.10 – INVESTOR RELATIONS OFFICER
1 – DATE
2 – SIGNATURE
07/31/2001
3
7 – NUMBER OF SHARES ISSUED
(THOUSANDS)
1,667
333
1,153
26
1,645,050
150,032
11,333
24,600
1,166,255
1,174,222
612,057
337,647
8 – SHARE PRICE ON ISSUE DATE
(IN REAIS)
0.0398170500
0.0398940960
0.0805476510
0.0806870000
0.0409743960
0.0410094980
0.0410915210
0.0411926360
0.0412060290
0.0412194270
0.0819400000
0.0630300000
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
02.01 - Balance Sheet - Assets (Thousands of reais)
1 - CODE
2 - Description
1
1.1
1.1.1
1.1.1.1
1.1.1.2
1.1.2
1.1.2.1
1.1.2.2
1.1.2.3
1.1.2.4
1.1.2.5
1.1.2.6
1.1.3
1.1.4
1.1.4.1
1.2
1.2.1
1.2.1.1
1.2.1.2
1.2.1.3
1.2.1.4
1.2.2
1.2.2.1
1.2.2.2
1.2.2.3
1.2.3
1.3
1.3.1
1.3.1.1
1.3.1.2
1.3.1.3
1.3.2
1.3.2.1
1.3.2.2
1.3.2.3
1.3.2.4
1.3.2.5
1.3.2.6
1.3.2.7
1.3.2.8
1.3.2.9
1.3.3
1.3.3.1
1.3.3.2
1.3.3.3
Total assets
Current assets
Available funds
Cash and banks
Financial investments
Receivables
Trade accounts receivable
Customer credit financing
Allowance for doubtful accounts
Advances to suppliers and employees
Taxes recoverable
Other receivables
Inventories
Other
Prepaid expenses
Long-term receivables
Sundry receivables
Accounts receivable
Deferred income tax
Judicial deposits
Prepaid expenses
Receivables from related companies
Associated companies
Subsidiary companies
Other related companies
Other
Permanent assets
Investments
Associated companies
Subsidiary companies
Other
Property and equipment
Land
Buildings
Building improvements
Equipment
Installations
Furniture and fixtures
Vehicles
Constructions in progress
Other
Deferred charges
Goodwill
Exchange variance
Pre-operating expenses
3 - 06/30/2001
4 - 03/31/2001
6,079,189
1,954,433
402,076
50,795
351,281
1,007,862
473,465
345,192
(37,066)
84,555
69,873
71,843
530,325
14,170
14,170
521,852
136,315
27,560
33,434
73,316
2,005
385,537
0
385,537
0
0
3,602,904
108,923
0
108,143
780
2,673,621
671,649
1,017,238
395,002
298,724
130,415
33,914
10,148
107,920
8,611
820,360
652,038
31,344
136,978
4
6,302,232
2,214,595
568,273
54,548
513,725
928,341
473,704
364,656
(36,517)
18,850
51,451
56,197
698,898
19,083
19,083
530,099
148,902
27,513
47,832
71,206
2,351
381,197
0
381,197
0
0
3,557,538
92,242
0
91,462
780
2,627,207
658,443
1,028,999
365,492
295,131
136,801
32,663
10,673
90,386
8,619
838,089
664,351
35,821
137,917
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01-01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
02.02 - Balance Sheet - Liabilities and Stockholders' Equity (Thousands of reais)
1 - CODE
2 - Description
2
2.1
2.1.1
2.1.2
2.1.3
2.1.4
2.1.4.1
2.1.4.2
2.1.5
2.1.6
2.1.6.1
2.1.7
2.1.7.1
2.1.8
2.1.8.1
2.1.8.2
2.1.8.3
2.1.8.4
2.1.8.5
2.1.8.6
2.1.8.7
2.1.8.8
2.2
2.2.1
2.2.2
2.2.3
2.2.4
2.2.5
2.2.5.1
2.2.5.2
2.2.5.3
2.2.5.4
2.2.5.5
2.3
2.5
2.5.1
2.5.2
2.5.2.1
2.5.2.2
2.5.3
2.5.3.1
2.5.3.2
2.5.4
2.5.4.1
2.5.4.2
2.5.4.3
2.5.4.4
2.5.4.5
2.5.4.6
2.5.4.7
2.5.4.7.1
2.05.05
Total liabilities and stockholders' equity
Current liabilities
Loans and financings
Debentures
Suppliers
Taxes, charges and contributions
Taxes on sales
Taxes payable in installments
Dividends payable
Provisions
Provision for loss on investments
Payable to related companies
Current account with parent and subsidiary companies
Other
Purchase of assets
Salaries and related contributions
Interest on own capital
Public services
Rents
Advertising
Insurance
Other accounts payable
Long-term liabilities
Loans and financings
Debentures
Provisions
Payable to related companies
Other
Income tax
Provision for contingencies
Purchase of assets
Tax es payable in installments
Capitalizable funds - interest on own capital
Deferred income
Stockholders' equity
Paid-up capital
Capital reserves
Fiscal incentives
Subscription bonus
Revaluation reserves
Own assets
Subsidiary/associated companies
Revenue reserves
Legal
Statutory
For contingencies
Unrealized profits
Retention of profits
Special for undistributed dividends
Other
Reserve for expansion
Retained earnings
3 - 06/30/2001
4 - 03/31/2001
6,079,189
1,582,656
714,746
7,065
525,129
12,246
11,875
371
0
61,051
61,051
52,352
52,352
210,067
73,005
89,384
18,149
2,855
11,092
2,909
628
12,045
1,197,637
505,997
128,518
0
0
563,122
1,972
521,637
39,324
189
0
0
3,298,896
2,244,136
348,292
4,050
344,242
0
0
0
706,468
51,386
0
0
23,664
253,508
0
377,910
377,910
0
5
6,302,232
1,880,120
811,374
24,986
634,975
20,548
19,354
1,194
80,135
49,585
49,585
14,435
14,435
244,082
91,515
77,358
41,357
2,840
11,325
3,040
918
15,729
1,407,448
495,157
305,500
0
0
606,791
5,708
517,090
39,566
116
44,311
0
3,014,664
2,001,113
348,292
4,050
344,242
0
0
0
665,259
51,386
0
0
23,664
212,299
0
377,910
377,910
0
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
03.01 - STATEMENT OF INCOME (Thousands of reais)
1 - CODE
2 - DESCRIPTION
3.01
3.02
3.03
3.04
3.05
3.06
3.06.01
3.06.02
3.06.02.01
3.06.02.02
3.06.03
3.06.03.01
3.06.03.02
3.06.03.02.01
3.06.03.02.02
3.06.04
3.06.05
3.06.05.01
3.06.05.02
3.06.05.03
3.06.06
3.07
3.08
3.08.01
3.08.02
3.09
3.10
3.11
3.12
3.12.01
3.12.02
3.13
3.15
Gross sales and/or services
Deductions
Net sales and/or services
Cost of sales and/or services rendered
Gross profit
Operating (expenses) income
Selling
General and administrative
Administrative expenses
Restructuring costs
Financial
Financial income
Financial expenses
Exchange variance
Others
Other operating income
Other operating expenses
Other taxes and charges
Depreciation and amortization
Loss on investment in subsidiary company
Equity in the results of subsidiary companies
Operating profit
Non-operating results
Revenue
Expenses
Net income before taxation and profit sharing
Provision for income tax and social contribution
Deferred income tax
Statutory profit sharing and contributions
Profit sharing
Contributions
Reversal of interest on own capital
Net income for the quarter
Number of shares, ex-treasury (in thousands)
Net income per share
3 - 04/01/2001 to 06/30/2001
4 - 01/01/2001 to 06/30/2001
2,039,867
(320,474)
1,719,393
(1,244,405)
474,988
(423,415)
(261,516)
(73,201)
(66,162)
(7,039)
(855)
114,719
(115,574)
(4,477)
(111,097)
0
(87,843)
(3,326)
(73,043)
(11,474)
0
51,573
693
696
(3)
52,266
(11,057)
0
0
0
0
0
41,209
112,496,409
0.00037
6
4,159,078
(650,971)
3,508,107
(2,534,605)
973,502
(851,695)
(543,007)
(144,168)
(137,129)
(7,039)
19,717
232,774
(213,057)
(8,954)
(204,103)
0
(184,237)
(21,076)
(138,548)
(24,613)
0
121,807
2,757
2,760
(3)
124,564
(31,374)
0
0
0
0
0
93,190
112,496,409
0.00083
5 - 04/01/2000 to 06/30/2000
1,882,073
(298,664)
1,583,409
(1,146,273)
437,136
(375,269)
(241,424)
(72,239)
(72,239)
0
717
99,599
(98,882)
(4,477)
(94,405)
0
(62,323)
(9,834)
(43,870)
(8,619)
0
61,867
1,333
1,493
(160)
63,200
9,145
0
0
0
0
0
72,345
97,727,936
0.00074
6 - 01/01/2000 to 06/30/2000
3,600,226
(560,442)
3,039,784
(2,192,316)
847,468
(729,597)
(463,190)
(144,147)
(144,147)
0
4,634
205,969
(201,335)
(8,954)
(192,381)
0
(126,894)
(20,276)
(84,571)
(22,047)
0
117,871
2,447
2,692
(245)
120,318
(5,828)
0
0
0
0
0
114,490
97,727,936
0.00117
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
1
Operations
The main activity of Companhia Brasileira de Distribuição ("the Company" or "CBD") is
the retailing of food, apparel, electric/electronic goods and other products from its
supermarkets, hypermarkets, specialized outlets and department stores which operate
primarily under the trade names: "Pão de Açúcar", "Extra", "Barateiro", and "Eletro". At
June 30, 2001, the Company had 415 stores in operation (413 at March 31, 2001), of
which 394 are own stores and 21 stores managed by the subsidiary Novasoc Comercial
Ltda. ("Novasoc").
2
Presentation of the Financial Information and
Significant Accounting Policies
The financial information was prepared substantially in conformity with the accounting
principles and practices adopted in the preparation of the Company's financial statements
as of and for the year ended December 31, 2000, which were published on February 15,
2001.
The quarterly information of the Company and the consolidated companies at June 30,
2001, was prepared in conformity with the regulations of the Brazilian Securities
Commission (CVM), which no longer require adjustments to account for inflation.
Upon consolidation of financial information of the Company and its subsidiary Novasoc,
investments were eliminated in proportion to the equity of the investing company in the
results of the investee, and intercompany assets, liabilities, revenue, expenses and
unrealized profits were eliminated.
7
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Pursuant to CVM Instruction 247, the financial information of the wholly owned
subsidiaries Supermercados Mogi S.A. ("Mogi"), Ponte do Ó Veículos e Peças Ltda.
("Ponte de Ó") and Supermercados Mirambava Ltda. ("Mirambava"), as well as
Companhia Progresso de Alimentos ("Progresso") which was acquired in the second
quarter of 2001, were not consolidated into the Company's financial information since
the Company intends to discontinue these business operations which are already under
its management.
In addition to the above companies, the financial information of the wholly owned
subsidiary CBD Technology, Inc. ("CBD Tech") (Note 9) was not consolidated into the
Company's financial information since it has no material effect on the Company's
consolidated financial position and results of operations. No transactions have taken
place from the date of its formation up to June 30, 2001.
3
Financial Investments
Financial investments at June 30, 2001 comprise Bank Deposit Certificates - CDB,
adjusted based on the variation in the Interbank Deposit Certificates (CDI) index.
8
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
4
Accounts Receivable
Thousands of reais
Parent company
06.30.01
03.31.01
Consolidated
06.30.01
Current
Customer credit financing
Installment sales (postdated checks)
Credit cards
Sales vouchers and other
Accounts receivable - Novasoc
Allowance for doubtful accounts
345,192
91,791
265,429
78,694
37,551
(37,066)
364,656
97,106
287,663
46,709
42,226
(36,517)
381,952
98,696
307,997
81,865
(39,522)
781,591
801,843
830,988
27,560
27,513
28,735
130,274
27,560
27,513
159,009
Long-term
Customer credit financing
Accounts receivable - Paes Mendonça
Customer credit financing is contracted at prefixed interest rates and is repayable over
periods varying up to 24 months in the case of monthly payment coupons and in up to six
months for postdated checks.
Installment sales comprise postdated checks bearing interest at a prefixed rate of up to
5.9% per month (March 31, 2001 - 5.9% per month) and with a maximum term of 90
days.
Credit card transactions are carried out through cards administered by third parties and
can be payable in up to 12 monthly installments.
Accounts receivable from Novasoc relate to the sale of merchandise supplied to the
stores by the Company.
9
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Accounts receivable - Paes Mendonça - comprise credits arising from the payment of
obligations assumed (mainly with suppliers) by Novasoc pursuant to the leasing
agreement entered into with Paes Mendonça. These credits are being restated by the
General Market Price Index (IGP-M) and will be reimbursed up to the expiry of the
agreement. In accordance with the contractual dispositions, guarantees were received
represented by the goodwill of stores currently operated by Novasoc.
Allowance for doubtful accounts - the allowance takes into consideration the average
effective losses in prior periods and management's specific analysis of probable losses:
Thousands of reais
Parent company
06.30.01
Customer credit financing
Installment sales (postdated checks)
03.31.01
Consolidated
06.30.01
(35,054)
(2,012)
(35,124)
(1,393)
(37,325)
(2,197)
(37,066)
(36,517)
(39,522)
Basic directives for recording this allowance is summarized as follows:
. Customer credit financing - based on historical loss indices in the prior 12 months;
amounts overdue more than 180 days are charged-off against the allowance.
. Installment sales (postdated checks) - based on average historical indices of checks
returned and recoveries in the prior 12 months; after all legal procedures have been
exhausted, checks returned by the bank are charged-off against the allowance.
. Credit cards and sales vouchers; no allowance for doubtful accounts is recorded
because the credit risk is substantially assumed by third parties.
10
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
5
Advances to Suppliers and Employees
Refer mainly to advances to suppliers for the development of products to be sold by the
Company.
6
Inventories
Thousands of reais
Parent company
At stores
At distribution centers
7
Consolidated
06.30.01
03.31.01
06.30.01
338,339
191,986
440,683
258,215
371,294
198,709
530,325
698,898
570,003
Taxes Recoverable
Thousands of reais
Parent company
Taxes
Income tax on financial investments
Social security contributions (INSS)
Prepaid income tax
11
Consolidated
06.30.01
03.31.01
06.30.01
37,539
24,640
7,573
121
38,263
5,748
7,321
119
36,142
25,613
7,573
121
69,873
51,451
69,449
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Taxes recoverable refer to income tax and social contribution credits arising from the
incorporation of Rede Barateiro de Supermercados S.A., and recovery of sales tax
(ICMS) credits.
8
Related Companies
Receivables: These are receivables from the subsidiary Novasoc, amounting to
R$ 385,537 thousand (March 31, 2001 - R$ 381,197 thousand), on which incide financial
charges based on the CDI variation.
Payables: These balances refer to debts payable to the parent company amounting to
R$ 37,710 thousand (March 31, 2001 - R$ 394 thousand) and to Mogi amounting to
R$ 14,642 thousand (March 31, 2001 - R$ 14,041 thousand), on which incide financial
charges based on the CDI variation.
9
Investments
(a) Information on investments at June 30, 2001
Thousands of reais
Progresso
Ponte do Ó
Mirambava
CBD Tech
Novasoc
Mogi
Shares/
quotas
held
Percentage
ownership - %
Capital
67,463
1,827,998
49,998
1,000
1,000
3,640,134
99.99
99.99
99.99
99.99
10.00
99.99
67
1,828
50
13,684
10
14,185
12
Loss for the
quarter
(11,474)
Stockholder's
equity
(negative
equity)
1,007
2,310
50
13,684
(61,051)
14,041
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(i)
Subsidiary companies
Novasoc: On May 10, 1999, the Company acquired 10% of the quotas of Novasoc,
which, on April 30, 1999, had leased 25 stores of the Paes Mendonça S.A. chain. Paes
Mendonça S.A. will continue to exist and contractually is fully and solely responsible for
all and any tax, labor, social security, commercial and other liabilities incurred prior to
the lease agreement. The agreement term is five years and may be extended twice for
similar periods via notification by Novasoc to Paes Mendonça S.A. During the legal term
of the agreement, the stockholders of Paes Mendonça S.A. cannot sell their shares
without the prior and express approval of Novasoc. On April 10, 2000, Novasoc returned
three stores to Paes Mendonça based on a private instrument of amendment. This return
will not result in any change to the lease agreement in force.
Under the bylaws, the distribution of net income of Novasoc is proportional to
quotaholdings in this company. At a meeting of quotaholders on December 29, 2000, it
was agreed that 99.98% of net income of Novasoc would be allocated to the Company.
At June 30, 2001 Novasoc has a negative net equity. Although management is confident
of the continuity of operations and future economic feasibility of this subsidiary, the
obligations of which are secured by CBD, the Company recorded a provision for loss on
investments of R$ 11,474 thousand (June 30, 2000 - R$ 8,619 thousand), including the
loss for the quarter recognized on the equity accounting basis, in recognition of its
obligations to Novasoc's creditors.
CDB Tech: In July 2000, the Company formed CBD Tech, headquartered in the U.S.A.
for the purpose of researching and developing technology for the web site
www.amelia.com.br.
(ii) Acquisition in the second quarter
Progresso: this company’s assets are represented by land located in Bahia with a book
value of R$ 15,028 thousand.
13
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Goodwill arising on acquisition of companies is based on appraisal reports of
independent experts and principally relates to the expected future profitability of these
companies and appreciation of property and equipment, and is being amortized based on
the projected profitability of the stores acquired and/or in conformity with the
depreciation of the assets which generate goodwill, when applicable, over a maximum
period of 10 years. Upon effecting the mergers in prior years and in the first quarter, the
portions of goodwill related to expected future profitability were transferred to deferred
charges (Note 11 (a)).
(b) Movement on investments
Thousands of reais
Addition
Balance at
03.31.01
Progresso
Ponte do Ó
Mirambava
Novasoc
Mogi
CBD Tech
Other
68,412
11,393
780
Total
92,242
Equity in
the results
Cost Goodwill
1,007
Amortization
of goodwill
Provision Balance at
for loss
06.30.01
14,021
15,028
9,963
1,694
9,963
1,694
11,474
(11,474)
(638)
67,774
13,684
780
2,291
11,474
3,298
14,021
(638)
(11,474)
108,923
10 Property and Equipment
Direct investments in the Company's property and equipment totaled R$ 95,426 thousand
for the quarter (R$ 230,329 thousand - first quarter of 2001) and refer mainly to the
purchase of operating assets, land and buildings to expand its activities, refurbishment,
construction and expansion of stores and distribution centers, investments in equipment
and capitalization of interest. These investments were partially financed and amounts
payable are recorded in the account “liabilities for the purchase of assets”. Also recorded
in this account are the balances payable for the acquisition of supermarket chains by the
Company. Most of these liabilities bear financial charges based on the General Market
Price Index - IGPM, increased by interest at market rates.
14
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
In conformity with CVM Deliberation 193, interest and financial charges arising from
third party financing for specific operating expansion purposes are capitalized during the
periods of construction or refurbishment of the Company's stores and distribution centers.
Interest capitalized amounted to R$ 6,546 thousand at June 30, 2001 (R$ 8,560 thousand
at June 30, 2000). The appropriation of capitalized interest and financial charges to
results is consistent with the depreciation terms of the financed assets.
Construction in progress comprises the expenditure on the refurbishment and
construction of stores and distribution centers of the Company and the subsidiary
company.
11 Deferred Charges
Thousands of reais
Parent company
Goodwill
Exchange
variance
At March 31, 2001
Additions
Disposals
Amortization
664,351
1,214
35,821
(13,527)
At June 30, 2001
652,038
Pre-operating
and other
expenses
Subsidiary
company Consolidated
Pre-operating
and other
Sub-total
expenses
29,202
Total
(4,477)
137,917
9,564
(61)
(10,442)
838,089
10,778
(61)
(28,446)
(1,810)
867,291
10,778
(61)
(30,256)
31,344
136,978
820,360
27,392
847,752
(a) Goodwill
Upon effecting the mergers of Peralta, Nirpec, Stratosfera, Gepires, Reimberg, Nagumo,
Rosado, Panamericano and Boa Esperança in the first quarter of 2001, the amounts
originally recorded in investments for goodwill based mainly on expected future
profitability were transferred to deferred charges and will continue to be amortized over
the original terms and in proportion the profitability projections.
15
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(b) Exchange variance
As authorized by Federal Law 9816/99 and CVM Resolution 294/99, the Company opted
to defer a portion of the net exchange losses arising from exchange rate variations in the
first quarter of 1999. The net exchange losses determined at the end of the 1999 first
quarter, arising from this exchange variation, amounted to R$ 210,413 thousand,
R$ 71,639 thousand of which was deferred and is being amortized over a period of up to
four years.
(c) Pre-operating and other expenses
Relate to pre-operating expenses (including employees' salaries, training, and rent)
deferred until the stores in construction and/or reform start operating normally. The
expenses are being amortized over a period of up to five years.
12 Loans and Financings
Thousands of reais
Annual interest and charges
Short term
Local currency
BNDES
(i)
(i)
(ii)
(iii)
(iv)
(iv)
(v)
Exchange v ariance + 3.5%
TJLP + 3.5%
TJLP + 3.5%
TJLP + 3.5%
Exchange variance + 3.5%
TJLP + 1% to 3.5%
TJLP + 2%
16
Parent company
Consolidated
06.30.01
03.31.01
06.30.01
20,844
66,645
29,438
8,226
983
3,506
77
19,571
929
66,182
29,273
8,183
1,490
33
20,844
66,645
29,438
8,226
983
3,506
77
129,719
125,661
129,719
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Thousands of reais
Parent company
Consolidated
06.30.01
03.31.01
06.30.01
984
639
1,305
984
639
1,623
1,305
1,623
5.2% to 13% (03.31.01
- 6.1% to 13%)
560,277
664,561
592,686
LIBOR + 0.6% to 3%
(03.31.2000 - LIBOR +
0.6% to 3.0%)
23,127
19,847
23,127
714,746
811,374
747,155
27,177
101,892
96,160
35,153
36,723
173,845
10,746
30,087
116,709
102,328
36,807
34,401
163,304
9,113
27,177
101,892
96,160
35,153
36,723
173,845
10,746
481,696
492,749
481,696
2,408
1,676
Annual interest and charges
Working capital
18.8% (03.31.01 - 18.8%)
TJLP + 3.5%
Foreign currency
Working capital
Imports
Long term
Local currency
BNDES
(i)
(i)
(ii)
(iii)
(iv)
(iv)
(v)
Exchange variance + 3.5%
TJLP + 3.5%
TJLP + 3.5%
TJLP + 3.5%
Exchange variance + 3.5%
TJLP + 1% to 3.5%
TJLP + 2%
Working capital
TJLP + 3.5%
1,676
Foreign currency
Working capital
9.3% to 9.4%
22,625
505,997
17
22,625
495,157
505,997
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Long-term amounts fall due as follows:
Thousands of reais
2002
2003
2004
2005 onwards
06.30.01
03.31.01
81,549
172,784
98,117
153,547
116,297
145,198
94,514
139,148
505,997
495,157
(a) Contracts with the National Bank for Economic and Social Development - BNDES
are summarized below:
(i)
Contract signed on October 23, 1997
Funds totaling R$ 317,397 thousand which bear interest of 3.5% per annum above the
TJLP - Federal Government Long-term Interest Rate (83% of the line of credit) or above
a BNDES basket of foreign currencies (17% of the line), which is appropriated monthly.
Payments are in 60 monthly installments after a 12-month grace period.
(ii) Contract signed on November 16, 1999
Funds totaling R$ 130,869 thousand which bear interest of 3.5% p.a. above the TJLP
which is appropriated monthly. Payments are in 60 monthly installments after a 12month grace period.
18
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(iii) Contract signed on January 13, 2000
A contract to open a line of credit with BNDES, the principal of which amounts to
R$ 48,700 thousand. Up to June 30, 2001, the Company had drawn down R$ 44,361
thousand. Interest is of 3.5% p.a. above the TJLP which is being appropriated monthly.
Payments are in 72 monthly installments after a 12-month grace period.
(iv) Contract signed on November 10, 2000
A contract to open a line of credit, the principal of which amounts to R$ 211,100
thousand. Up to June 30, 2001, the Company had drawn down R$ 204,169 thousand.
Interest is of 3.5% p.a. above the TJLP (82% of the line of credit) or 1% p.a. above the
TJLP (4% of the line) or above the BNDES basket of foreign currencies (14% of the line)
which is being appropriated monthly. Payments will be in 60 monthly installments after a
20-month grace period.
(v) Contract signed on December 14, 2000
A contract to open a line of credit, the principal of which amounts to R$ 11,116
thousand. Up to June 30, 2001, the Company had drawn down R$ 10,611 thousand.
Interest is of 2% p.a. above the TJLP which is being appropriated monthly. Payments
will be in 60 monthly installments after a 20-month grace period.
These contracts require that the Company maintains certain levels of capitalization and
current liquidity levels and use the funds in the investment program for the construction
and refurbishment of stores and purchase of equipment. The parent company has offered
a joint responsibility surety until the loans are settled.
(b) Other financings
Working capital financings represent mainly funds raised with fixed financial charges for
direct customer credit operations, mainly customer credit and postdated checks.
19
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
To mitigate foreign exchange risks on foreign currency financings the Company signed
swap contracts at pre-fixed rates (Note 18).
Financings are guaranteed by promissory notes and stockholders' sureties.
13 Debentures (Parent Company and Consolidated)
Thousands of reais
Annual interest and charges
06.30.01
03.31.01
7,065
16,905
3,244
4,837
7,065
24,986
Short term
2nd issue
4th issue
1st series
2nd series
Sole series
IGP-M + 13%
IGP-M + 13%
TJLP + 3.5%
Thousands of reais
Annual interest and charges
06.30.01
03.31.01
IGP-M + 13%
IGP-M + 13%
TJLP + 3.5%
1,677
22,937
103,904
169,255
33,408
102,837
128,518
305,500
Long term
2nd issue
4th issue
1st series
2nd series
Sole series
20
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Debentures converted into preferred shares
Number of debentures
Issue
Converted
Balance
Number
of converted
preferred
shares
(in thousands )
In 1999
In 2000
(23,375)
(24,569)
151,625
127,056
779,158,875
818,958,477
02.05.2001
03.08.2001
in 1st quarter
(50)
(10)
(60)
127,006
126,996
1,666,650
333,330
1,999,980
39.817050
39.8 94096
66
14
80
06.12.01
06.15.01
06.22.01
06.27.01
06.28.01
06.29.01
06.29.01
in 2nd quarter
(49,352)
(4,501)
(340)
(738)
(34,988)
(35,227)
(617)
(125,763)
77,644
73,143
72,803
72,065
37,077
1,850
1,233
1,233
1,645,050,216
150,031,833
11,333,220
24,599,754
1,166,255,004
1,174,221,591
Paid
4,171,491,618
40.974396
41.009498
41.091521
41.192636
41.206029
41.219427
67,405
6,153
465
1,013
48,057
48,401
in 1st half year 2001
(125,823)
1,233
4,173,491,598
171,574
(173,767)
1,233
5,771,608,950
229,010
(90)
(2)
(92)
99,910
99,908
1,153,8 90
25,642
1,179,532
(92)
99,908
1,179,532
95
4,174,671,130
171,669
Date of
conversion
2nd issue
Issued
Capital
increase
(R$
thousand)
175,000
Total 2nd issue
175,000
4th issue
27,121
30,315
171,494
100,000
05.04.01
05.18.01
in 2nd quarter
Total 4th issue
Share price
per
thousand
shares (R$)
100,000
Total conversions
1st half of 2001
80.547651
80.687000
93
2
95
Expenses for the placement of debentures, mainly commissions, are recorded in prepaid
expenses and are appropriated over the term of the debentures.
21
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
14 Provision for Contingencies
Thousands of reais
Social Contribution on Revenues (COFINS) and
Social Integration Program (PIS) (i)
National Institute of Social Security (INSS) (ii)
Income tax (iii)
Tax on Financial Transactions (CPMF) (iv)
Labor claims and other
Parent company
Consolidated
06.30.01
03.31.01
06.30.01
198,811
173,944
79,924
47,078
21,880
203,244
184,312
77,404
38,230
13,900
198,851
174,353
79,924
51,396
21,892
521,637
517,090
526,416
Provisions for taxes and contributions are recorded to cover losses from unfavorable
judicial decisions, against which appeals have been filed.
(i)
The Company obtained a favorable decision in the lower courts waiving the application
of the provisions of Law 9718/98. Accordingly, the Company pays COFINS under the
terms of Complementary Law 70/91 (2% of revenue) and PIS under Law 9715/98
(0.65% of revenue) as from February 1, 1999. However, the difference in amounts
determined pursuant to the provisions of Law 9718/98 is being recorded as a provision.
(ii) The Company obtained a preliminary injunction to offset contributions paid in excess for
Labor Accident Insurance (SAT) and Education Allowance against payables of the same
nature to the INSS. Accordingly, the amounts determined are not being paid and are
maintained in the provision for contingencies - INSS until a final ruling is obtained. In
compliance with a court order, the Company has been acquiring public debt securities
which are maintained in judicial escrow in order to secure the right to offset the
Education Allowance amounts which it considers as having been paid in excess.
22
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(iii) The provision for income tax contingencies includes matters under dispute, as well as the
recognition, based on a judicial ruling, of the effects of the depreciation of fixed assets
relating to the inflation index differences arising from the Summer Plan (Economic
Stabilization Plan). On May 31, 2000, the Company obtained a favorable sentence which
permitted the reversal of part of the effects of monetary restatement of the Summer Plan,
which had been classified in this account.
(iv) The Company is challenging, through its legal advisors, the constitutionality of
amendment 21/99 which refers to the extension of the period for the collection of tax on
financial transactions (CPMF). The Company has obtained an injunction which impedes
the retention and payment of this contribution. Unpaid amounts are being provisioned.
15 Income Tax
The provision for income tax and deferred income tax on timing differences is recorded
at the basic rate of 15%, plus the surcharge of 10%.
The deferred income tax asset was calculated based on timing differences considered for
taxable income determination purposes. Income tax in long-term liabilities is based on
inflationary income generated up to 1994.
(a) Income tax movement
Thousands of reais
At March 31, 2001
Net additions
Payments
Realizations
Parent company
Consolidated
Liabilities
Liabilities
Assets
Long-term
Assets
Long-term
47,832
5,708
73,080
5,708
(14,398)
(364)
(3,372)
(14,398)
(364)
(3,372)
33,434
1,972
64,513
1,972
5,831
At June 30, 2001
23
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(b) Income tax reconciliation
Thousands of reais
Parent company
Consolidated
06.30.01
06.30.00
06.30.01
Net income before income tax
124,564
120,318
112,211
Income tax expense at nominal tax rates
(31,141)
(30,080)
(28,053)
(3,759)
(4,014)
2,409
(3,778)
Net permanent adjustments (additions/exclusions)
Income tax incentives
Reversal of provision for income tax on inflationary income
Reversal of provision for prior years income tax
Tax credit of tax loss carryforward
Other adjustments
3,526
3,526
17,595
9,284
8,262
Income tax for the half year
(31,374)
(5,828)
(19,021)
16 Stockholders' Equity
(a) Capital
Number of shares - thousands
At December 31, 2000
Conversion of debentures
2nd issue, 1st series (Note 13)
At March 31, 2001
Conversion of debentures
2nd issue, 1st series (Note 13)
4th issue, sole series (Note 13)
Capital increase (i)
At June 30, 2001
24
Capital
(Thousands
of reais)
Preferred
Common
2,001,033
44,513,279
62,858,755
80
2,000
2,001,113
44,515,279
171,494
95
4,171,492
1,179
71,434
337,647
612,057
2,244,136
49,025,597
63,470,812
62,858,755
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(i)
The Annual and Extraordinary Stockholders’ Meeting held on April 26, 2001 approved the Board of
Directors proposal to increase capital by issuing 1,175,543,513 shares, of which 612,056,784 common and
563,486,729 preferred, all nominative without nominal value. Subscribed shares were paid up using the
interest on own capital receivable in the amount of R$ 71,434 thousand.
Stockholders entitled to interest on own capital which did not subscribe the capital increase will receive
their respective amounts on October 16, 2001.
The balance of shares not subscribed will be auctioned in due course in conformity with legislation.
Number of shares (thousand)
Proposed increase
Paid-up capital
In reais (thousand)
Common
Preferred
Total
85,668
(71,434)
612,057
(612,057)
563,487
(337,647)
1,175,544
(949,704)
225,840
225,840
Unpaid balance
14,234
25
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.03 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(b)
Stockholding position
Number of shares (million)
At June 30, 2001
Stockholders
At March 31, 2001
Common
%
Preferred
%
Total
%
Common
%
Preferred
%
Total
%
Pão de Açúcar S.A. Ind. e Com.
Valentim dos Santos Diniz
Península Participações
Abílio Diniz
Lucília Maria Diniz Gallo
Casino Group
Other
38,333
2,281
6,458
254
894
15,218
33
60.4
3.6
10.1
0.4
1.4
24.0
0.1
7,333
15.0
37,962
2,259
6,396
251
885
15,072
33
60.4
3.6
10.1
0.4
1.4
24.0
0.1
16.2
25.4
59.6
40.6
2.0
5.8
0.2
0.8
24.6
26.0
7,198
1
12,438
29,246
45,666
2,281
6,466
254
895
27,656
29,279
12,286
25,030
27.6
56.2
45,160
2,259
6,396
251
885
27,358
25,063
42.1
2.1
6.0
0.2
0.8
25.5
23.3
Total
63,471
100.0
49,026
100.0
112,497
100.0
62,859
100.0
44,513
100.0
107,372
100.0
8
26
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
17 Preferred Stock Option Plan
At the Annual and Extraordinary General Meetings held on April 28, 1997, the preferred
stock option plan for company directors and employees was approved, and the first
options were granted relating to 1996.
The exercise price for each lot of shares is at least 60% of the weighed average of the
preferred shares traded in the week the option is granted. The percentage may vary for
each beneficiary or series.
Exercise dates are as follows: (i) 50% in the last mont h of the third year following the
option grant date and (ii) 50% in the last month of the fifth year following the option
grant date, under the condition that the sale of a certain number of shares will be
restricted until the date of retirement of the beneficiary.
Shares from options exercised have the same rights granted to other stockholders. The
management of this plan was entrusted to a committee appointed by the Administrative
Council.
Information on the stock option plan is summarized as follows:
Preferred
shares
(in thousands )
278,600
373,200
1,007,074
305,975
361,660
I Series - May 9, 1997
II Series - December 22, 1997
III Series - December 18, 1998
IV Series - March 31, 2000
V Series - April 2, 2001
Options granted
2,326,509
Options not granted (i)
2,732,365
Global volume of the plan
5,058,874
Exercised options
I Series - December 15, 1999 (ii)
II Series - December 13, 2000 (iii)
(138,950)
(172,100)
Current volume of the plan
4,747,824
27
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(i)
At a meeting held on December 7, 1999, the Administrative Council approved a new issue of a further 3.4
billion shares to the stock option plan.
(ii)
At a meeting held on December 15, 1999, approval was given by the Administrative Council for an
increase in capital of R$ 7,503 thousand (138,950 thousand preferred shares), of which R$ 5,530 thousand
was paid up in 2000.
(iii) At a meeting held on December 13, 2000, approval was given by the Administrative Council for an
increase in capital of R$ 12,305 thousand (172,100 thousand preferred shares).
18 Financial Instruments
(a) General considerations
The use of instruments and transactions with derivatives involving interest rates is
designed to protect the results of the Company's asset and liability operations.
Operations are carried out through the intermediation of the financial operations area in
accordance with a strategy previously approved by the Board of Directors.
Management evaluates that the risks are minimum since there is no concentration of
counter-parties and operations are engaged with top tier banks and within approved
limits.
(b) Market value of the financial instruments
The market values of the main financial instruments approximate their book values, as
presented below:
Thousands of reais
06.30.01
Financial investments
Loans and financings
03.31.01
Book
Market
Book
Market
351,281
1,253,152
351,281
1,253,152
513,725
1,341,345
513,725
1,342,553
28
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
The book values of financial investments do not differ from market values since they are
subject to the variation in the Interbank Deposit Certificate (CDI) index.
The Company entered into a swap contract for the purpose of exchanging the interest
rates of foreign currency loans - working capital for CDI indexed rates.
Market values were calculated based on the present value of these financial instruments,
considering the interest rate practiced in the market for risk operations with similar
terms.
(c) Concentration of risk credit
Sales financed by the Company are distributed among a large number of customers. The
Company manages risk credit through a strict credit classification and credit concession
program.
Doubtful accounts are covered by a provision to meet possible loss on realization.
29
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
05.01 -
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
Comments on company performance
See comments on consolidated performance in item 08.01
30
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
06.01 - BALANCE SHEET - CONSOLIDATED ASSETS (Thousands of reais)
1 - Code
2 - Description
1
1.1
1.1.1
1.1.1.1
1.1.1.2
1.1.2
1.1.2.1
1.1.2.2
1.1.2.3
1.1.2.4
1.1.2.5
1.1.2.6
1.1.3
1.1.4
1.1.4.1
1.2
1.2.1
1.2.1.1
1.2.1.2
1.2.1.3
1.2.1.4
1.2.2
1.2.2.1
1.2.2.2
1.2.2.3
1.2.3
1.3
1.3.1
1.3.1.1
1.3.1.2
1.3.1.3
1.3.2
1.3.2.1
1.3.2.2
1.3.2.3
1.3.2.4
1.3.2.5
1.3.2.6
1.3.2.7
1.3.2.8
1.3.2.9
1.3.3
1.3.3.1
1.3.3.2
1.3.3.3
Total assets
Current assets
Available funds
Cash and banks
Financial investments
Receivables
Trade accounts receivable
Customer credit financing
Allowance for doubtful accounts
Advances to suppliers and employees
Taxes recoverable
Other receivables
Inventories
Other
Prepaid expenses
Long-term receivables
Sundry receivables
Accounts receivable
Deferred income tax
Judicial deposits
Prepaid expenses
Receivables from related companies
Associated companies
Subsidiary companies
Other related companies
Other
Permanent assets
Investments
Associated companies
Subsidiary companies
Other
Property and equipment
Land
Buildings
Building improvements
Equipment
Installations
Furniture and fixtures
Vehicles
Constructions in progress
Other
Deferred charges
Goodwill
Exchange variance
Pre-operating expenses
3 - 06/30/2001
4 - 03/31/2001
6,083,532
2,051,123
407,026
55,745
351,281
1,057,730
488,558
381,952
(39,522)
84,643
69,449
72,650
570,003
16,364
16,364
299,277
299,277
159,009
64,513
73,750
2,005
0
0
0
0
0
3,733,132
108,923
0
108,143
780
2,776,457
671,649
1,021,869
450,944
315,058
143,128
38,669
10,685
115,841
8,614
847,752
652,038
31,344
164,370
31
6,321,322
2,332,816
572,692
58,967
513,725
974,494
484,862
400,741
(38,517)
18,907
51,509
56,992
763,380
22,250
22,250
298,066
298,066
151,050
73,080
71,585
2,351
0
0
0
0
0
3,690,440
92,242
0
91,462
780
2,730,907
658,443
1,033,672
421,522
311,770
150,058
37,490
11,250
98,080
8,622
867,291
664,351
35,820
167,120
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
06.02 - BALANCE SHEET - CONSOLIDATED LIABILITIES AND STOCKHOLDERS' EQUITY (Thousands of reais)
1 - Code
2 – Description
2
2.1
2.1.1
2.1.2
2.1.3
2.1.4
2.1.4.1
2.1.4.2
2.1.5
2.1.6
2.1.6.1
2.1.7
2.1.7.1
2.1.8
2.1.8.1
2.1.8.2
2.1.8.3
2.1.8.4
2.1.8.5
2.1.8.6
2.1.8.7
2.1.8.8
2.2
2.2.1
2.2.2
2.2.3
2.2.4
2.2.5
2.2.5.1
2.2.5.2
2.2.5.3
2.2.5.4
2.2.5.5
2.3
2.4
2.5
2.5.1
2.5.2
2.5.2.1
2.5.2.2
2.5.3
2.5.3.1
2.5.3.2
2.5.4
2.5.4.1
2.5.4.2
2.5.4.3
2.5.4.4
2.5.4.5
2.5.4.6
2.5.4.7
Total liabilities and stockholders' equity
Current liabilities
Loans and financings
Debentures
Suppliers
Taxes, charges and contributions
Taxes on sales
Taxes payable in installments
Dividends payable
Provisions
Provision for loss on investment
Payable to related companies
Current account with subsidiary company
Other
Purchase of assets
Salaries and related contributions
Interest on own capital
Public services
Rents
Advertising
Insurance
Other accounts payable
Long-term liabilities
Loans and financings
Debentures
Provisions
Payable to related companies
Other
Income tax
Provision for contingencies
Purchase of assets
Taxes payable in installments
Capitalizable funds - interest on own capital
Deferred income
Minority interests
Stockholders` equity
Paid-up capital
Capital reserves
Fiscal incentives
Subscription bonus
Revaluation reserves
Own assets
Subsidiary/associated companies
Revenue reserve
Legal
Statutory
For contingencies
Unrealized profits
Retention of profits
Special for undistributed dividends
Other
3 - 06/30/2001
4 - 03/31/2001
6,083,532
1,582,220
747,155
7,065
542,978
14,767
14,396
371
0
0
0
52,352
52,352
217,903
73,005
94,365
18,149
2,855
13,083
3,005
640
12,801
1,202,416
505,997
128,518
0
0
567,901
1,972
526,416
39,324
189
0
0
0
3,298,896
2,244,136
348,292
4,050
344,242
0
0
0
706,468
51,386
0
0
23,664
253,508
0
377,910
32
6,321,322
1,896,106
846,188
24,986
655,413
23,412
22,218
1,194
80,135
0
0
14,435
14,435
251,537
91,515
81,862
41,357
2,840
13,246
3,166
879
16,672
1,410,552
495,157
305,500
0
0
609,895
5,708
520,194
39,566
116
44,311
0
0
3,014,664
2,001,113
348,292
4,050
344,242
0
0
0
665,259
51,386
0
0
23,664
212,299
0
377,910
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
06.02 - BALANCE SHEET - CONSOLIDATED LIABILITIES AND STOCKHOLDERS' EQUITY (Thousands of reais)
1 - Code
2 – Description
2.5.4.7.1
2.5.5
Reserve for expansion
Retained earnings
3 - 06/30/2001
4 - 03/31/2001
377,910
0
33
377,910
0
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
07.01 - CONSOLIDATED STATEMENT OF INCOME (Thousands of reais)
1 – CODE
2 - DESCRIPTION
3.1
3.2
3.3
3.4
3.5
3.6
3.6.1
3.6.2
3.6.2.1
3.6.2.2
3.6.3
3.6.3.1
3.6.3.2
3.6.3.2.1
3.6.3.2.2
3.6.4
3.6.5
3.6.5.1
3.6.5.2
3.6.5.3
3.6.6
3.7
3.8
3.8.1
3.8.2
3.9
3.10
3.11
3.12
3.12.1
3.12.2
3.13
3.14
3.15
Gross sales and/or services
Deductions
Net sales and/or services
Cost of sales and/or services rendered
Gross profit
Operating (expenses) income
Selling
General and administrative
Administrative expenses
Restructuring costs
Financial
Financial income
Financial expenses
Exchange variance
Other
Other operating income
Other operating expenses
Other taxes and charges
Depreciation and amortization
Loss on investment in subsidiary company
Equity in the results of subsidiary companies
Operating profit
Non-operating results
Revenue
Expenses
Net income before taxation and profit sharing
Provision for income tax and social contribution
Deferred income tax
Statutory profit sharing and contributions
Profit sharing
Contributions
Reversal of interest on own capital
Minority interests
Net income for the quarter
3 - 04/01/2001 to
06/30/2001
2,266,908
(354,514)
1,912,394
(1,390,925)
521,469
(475,178)
(299,314)
(76,456)
(69,417)
(7,039)
(19,625)
102,469
(122,094)
(4,477)
(117,617)
0
(79,783)
(1,929)
(77,854)
0
0
46,291
144
147
(3)
46,435
(5,226)
0
0
0
0
0
0
41,209
34
4 - 01/01/2001 to
06/30/2001
4,602,825
(717,369)
3,885,456
(2,818,461)
1,066,995
(956,074)
(615,507)
(151,354)
(144,315)
(7,039)
(17,239)
204,297
(221,536)
(8,954)
(212,582)
0
(171,974)
(23,777)
(148,197)
0
0
110,921
1,290
1,293
(3)
112,211
(19,021)
0
0
0
0
0
0
93,190
5 - 04/01/2000 to
06/30/2000
2,096,668
(332,482)
1,764,186
(1,283,854)
480,332
(426,522)
(275,260)
(75,146)
(75,146)
0
(16,551)
83,993
(100,544)
(4,477)
(96,067)
0
(59,565)
(11,394)
(48,171)
0
0
53,810
1,401
1,561
(160)
55,211
13,529
3,605
0
0
0
0
0
72,345
6 - 01/01/2000 to
06/30/2000
4,026,222
(627,236)
3,398,986
(2,470,771)
928,215
(825,026)
(531,295)
(148,509)
(148,509)
0
(28,729)
176,736
(205,465)
(8,954)
(196,511)
0
(116,493)
(23,721)
(92,772)
0
0
103,189
2,515
2,760
(245)
105,704
5,181
3,605
0
0
0
0
0
114,490
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
07.01 - CONSOLIDATED STATEMENT OF INCOME (Thousands of reais)
1 – CODE
2 - DESCRIPTION
3 - 04/01/2001 to
06/30/2001
112,496,409
0.00037
Number of shares, ex-treasury (in thousands)
Net income per share
35
4 - 01/01/2001 to
06/30/2001
112,496,409
0.00083
5 - 04/01/2000 to
06/30/2000
97,727,936
0.00074
6 - 01/01/2000 to
06/30/2000
97,727,936
0.00117
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Sales Performance
During the second quarter of 2001, consolidated net sales of Companhia
Net sales grow
8.4% to reach
R$ 1,912 million
Brasileira de Distribuição (CBD) reached R$ 1,912.4 million, an increase of
8.4% as compared to the same period last year. During the first half of
2001, consolidated net sales amounted to R$ 3,885.5 million, an increase of
14.3% over the same period of 2000.
Sales in the same stores slightly decreased by 0.2% in the second quarter
and increased 0.7% in the first half as compared to the same period last
year. The performance of CBD and the Brazilian retail sector as a whole
Consumers’
level of
confidence low
in the 2 nd quarter
of 2001
was affected by the difficult economic scenario, marked by the devaluation
of the real, increase in interest rates, turmoil in foreign markets, political
crisis, and mainly the electric energy crisis. As a consequence, consumers’
level of confidence, which was at a high level last year, recorded a sudden
and sharp drop. The Consumer Intentions Index divulged by the State of
São Paulo Commerce Foundation (FCESP) presented a strong decrease
from 111.5% in January to 81.7% in June reflecting a drop in consumer
confidence which was at a high level at the beginning of the year.
The electric energy crisis significantly contributed to this scenario and has
been changing Brazilian consumer habits and trends. To save energy and
comply with the consumption levels set by the Government, consumers
Energy crisis
changes
consumer habits
used all their stocks of chilled and frozen food products and turned off their
freezers. In May and in the first two weeks of June the sector experienced a
drop in sales of these products, followed by a change in consumer habits:
they started to go to the stores more often in order to have reduced stocks
in their homes.
Another phenomenon was the reduction in demand for nonfood products,
Decrease in
electronics sales
especially electronics, which affected negatively the performance of the
Extra and Eletro divisions.
36
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
The expectation for the second half is an improvement in this scenario
based on an increase in the number of sales vouchers sufficient to
compensate the reduction in average sales voucher transactions. In
addition, CBD believes that in such an adverse scenario the opportunities of
increasing market share become more and more evident as a result of the
Expectation of
gains of market
share in the 2 nd
half
more efficient distribution structure, well located stores and efficiency gains
in product category and procurement management. This perspective could
be affected by how long the energy crisis lasts. In fact, after the excellent
adhesion of the population to the energy saving campaigns, a possible
intensification of this movement might occur, which could imply in new
campaigns and the consequent psychological effects on economic
activities.
Evolution of Net Sales by Division - Consolidated*
Variation 2001/2000 (%)
Corporate Legislation
2nd Quarter
1st Half-year
All Stores
Same stores
All Stores
Same stores
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
11.9%
13.0%
-10.4%
0.5%
8.4%
2.5%
0.1%
-10.1%
5.0%
-0.2%
17.4%
15.3%
2.3%
18.1%
14.3%
2.0%
0.5%
-9.4%
21.5%
0.7%
In constant purchasing power (IPCA)
2nd Quarter
1st Half-year
All Stores
Same stores
All Stores
Same stores
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
4.6%
5.6%
-16.2%
-6.1%
1.3%
-4.2%
-6.4%
-16.0%
-1.8%
-6.7%
10.1%
8.2%
-4.0%
-10.9%
7.3%
* The amount of sales for the same stores include only stores with at least 12 months of operations .
37
-4.3%
-5.7%
-4.2%
14.1%
-4.2%
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
27.3% Gross
Margin
Even in a period of lower sales CBD obtained important efficiency gains,
which already reflect the start of the effects of the new form of organization
in the sales and management areas. This scenario proportioned an
increase in margins as compared to the same quarter last year. Gross
margin in the second quarter of 2001 was 27.3%, slightly higher that the
27.2% margin in the last year second quarter.
Reduction in
administrative
and selling
expenses
In the second quarter of 2001 R$ 7 million was recorded in extraordinary
expenses relating to severance indemnities paid to employees as a
consequence of the restructuring process. Excluding these extraordinary
expenses, general and administrative expenses were 3.6% of net sales
against 3.8% in the first quarter of 2001 and 4.3% in the same quarter last
year, reflecting a leaner and more efficient structure permitting a greater
absorption of fixed expenses.
Selling expenses also dropped as compared to the first quarter of 2001 and
remained at the same level as in the same quarter of 2000, being 15.6%.
We highlight the efforts to reduce advertising expenses which represented
1.7% of sales in the second quarter of 2001 against 2% in the 2001 first
quarter and in the 2001 second quarter.
EBITDA grows
17.6% with a
margin of 8%
As a result of the increase in gross margin and the reduction of expenses,
CBD recorded an increase in EBITDA (excluding extraordinary expenses)
of 17.6%, significantly higher that the 8.4% increase in sales. EBITDA
margin reached 8% against 7.8% in the first quarter and 7.4% in the second
quarter of 2000.
The R$ 25.8 million amortization of deferred charges was recorded in the
item depreciation. Pre-operating expenses capitalized in the quarter totaled
R$ 10.8 million.
38
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Financial results
Financial expenses totaled R$ 122.1 million, including R$ 25 million of taxes
and charges (Provisional contribution on financial movement – CPMF).
Foreign exchange variance expenses of R$ 4.5 million refer to amortization
of part of the exchange losses deferred in the 1999 first quarter.
Financial income totaled R$ 102.5 million so that there was a net financial
expense of R$ 19.6 million (R$ 5.4 million positive if taxes and charges are
excluded).
Net income of
R$ 41.2 million
In the second quarter, net income before taxation was R$ 46.4 million
(R$ 55.2 million in second quarter 2000) and net income amounted to R$
41.2 million (R$ 72.3 million in the same quarter last year). Net income per
thousand shares was R$ 0.37 against R$ 0.74 in the second quarter of
2000.
Advances in
Working Capital
management
There were important advances in managing our working capital, mainly as
regards inventory turnover. We were able to attain our 11-day reduction
target as compared to the first quarter of 2001 when considering the
quarter-end inventory position. If we take into account average inventories
during the period, this reduction was of 6 days. This improvement is a
consequence of the investments made by the Company in distribution and
technology which made it possible to adjust the automatic ordering
parameters and, consequently, to be able to work with lower inventories at
the stores. Also, we emphasize the first positive effects of Company
restructuring with efficiency gains in product category management.
This inventory management improvement generated working capital gains
of approximately R$ 73 million in the quarter.
39
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Debenture
conversion
Long-term indebtedness was reduced by R$ 177 million as a result of the
nd
conversion of the 2
issue debentures (1
st
series), which generated
4,171,491,618 new preferred shares.
Investments
Investments in the second quarter of 2001 totaled R$ 95.4 million (R$ 317.6
million in the second quarter of 2000), accumulating R$ 230.3 million in the
first half of 2001 (R$ 475 million in the first half of 2000). The main events
were as follows:
•
Beginning of the construction of four hypermarkets to be inaugurated
throughout the second half;
•
Opening of three Barateiro stores and one Pão de Açúcar store;
•
Refurbishment of five Pão de Açúcar supermarkets, six Barateiro
supermarkets, five Eletro stores and two Extra hypermarkets;
•
Opening of a new Distribution Center for chilled products located in the
State of São Paulo.
40
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Stores by division
03.31.00
Opened
Closed
Converted
Pão de
Açúcar
155
33
CBD
356
58
Sales
2
area (m )
677,102
Number of
employees
39,613
Extra
46
Eletro
71
1
Barateiro
84
24
72
108
1
414
6
(2 )
750,063
46,478
06.30.00
Opened
Closed
Converted
188
1
(1)
46
4
09.30.00
Opened
Closed
Converted
188
1
(3)
50
3
71
1
(6)
109
2
418
7
(9 )
788,336
48,498
12.31.00
Opened
Closed
Converted
186
53
66
111
2
(2 )
416
2
(5 )
815,291
50,106
03.31.01
Opened
Closed
Converted
06.30.01
185
1
(2)
53
64
111
3
413
4
(2 )
811,696
49,350
184
53
64
114
415
808,161
48,035
(1)
(1)
(2)
41
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Net sales by division - consolidated*
In thousands of R$ - nominal (Corporate legislation)
APRIL
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
2001
230,300
337,224
86.805
30,518
684,867
MAY
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
2001
211,124
301,193
77,382
32,897
622,596
JUNE
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
nd
2
2001
205.824
294,115
78,959
26,033
604,931
QUARTER
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
2001
647,247
932,552
243,146
89,449
1,912,394
st
1 QUARTER
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
2001
1,303,096
1,899,071
488,478
194,811
3,885,456
%
2000
33.6%
49.2%
12.7%
4.5%
100.0%
187,200
294,890
90,669
25.862
598,621
%
2000
33.9%
48.4%
12.4%
5.3%
100.0%
192,527
266,752
91,149
33,371
583,799
%
2000
34.0%
48.6%
13.1%
4.3%
100.0%
198,900
263,632
89,429
29,805
581,766
%
2000
33.8%
48.8%
12.7%
4.7%
100.0%
578,628
825,274
271,247
89,037
1,764,186
%
2000
33.5%
48.9%
12.6%
5.0%
100.0%
1,110,095
1,646,446
477,520
164,925
3,398,986
* Data as per Corporate Legislation
42
%
31.3%
49.3%
15.1%
4.3%
100.0%
%
33.0%
45.7%
15.6%
5.7%
100.0%
%
34.2%
45.3%
15.4%
5.1%
100.0%
%
32.8%
46.8%
15.4%
5.0%
100.0%
%
32.7%
48.4%
14.0%
4.9%
100.0%
Var.(%)
23.0%
14.4%
-4.3%
18.0%
14.4%
Var.(%)
9.7%
12.9%
-15.1%
-1.4%
6.6%
Var.(%)
3.5%
11.6%
-11.7%
-12.7%
4.0%
Var.(%)
11.9%
13.0%
-10.4%
0.5%
8.4%
Var.(%)
17.4%
15.3%
2.3%
18.1%
14.3%
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Data per division on June 30, 2001
#
checkouts
2,306
2,762
1,285
189
6,542
Pão de Açúcar
Extra
Barateiro
Eletro
Total stores
Management
Loss prevention (security)
Distribution Centers
CBD
#
employees
14,535
18,068
5,309
1,380
39,292
2,574
3,022
3,147
48,035
6,542
#
stores
184
53
114
64
415
Sales area
2
(m )
220,759
415,142
131,095
41,165
808,161
415
808,161
Productivity indices
In R$ - nominal (Corporate legislation)
2
Sales per m /month
2Q/01
970
780
623
725
805
2Q/00
949
784
730
727
818
Var. (%)
2.2%
-0.5%
-14.7%
-0.3%
-1.6%
1H/01
965
778
629
793
807
1H/00
985
782
706
672
818
Var. (%)
-2.1%
-0.5%
-10.9%
18.0%
-1.3%
Sales per employee /month
2Q/01
Pão de Açúcar
14,817
Extra
17,379
Barateiro
15,341
Eletro
20,642
CBD
16,271
2Q/00
14,261
17,046
16,049
19,418
15,965
Var. (%)
3.9%
2.0%
-4.4%
6.3%
1.9%
1H/01
15.016
17,674
15,094
19,418
16,512
1H/00
15,703
17,345
16,305
17,716
16,551
Var. (%)
-4.4%
1.9%
-7.4%
9.6%
-0.2%
2Q/00
17.0
36.2
12.2
213.1
22.1
Var. (%)
-0.6%
-3.0%
-5.7%
8.1%
0.0%
1H/01
17.0
35.8
11.5
225.5
22.4
1H/00
17.1
36.0
12.2
211.8
22.5
Var. (%)
-0.6%
-0.6%
-5.7%
6.5%
-0.4%
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
Average ticket
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
2Q/01
16.9
35.1
11.5
230.4
22.1
43
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Sales per checkout/month
2Q/01
Pão de Açúcar
92,484
Extra
114,198
Barateiro
63,435
Eletro
174,808
CBD
97,997
2Q/00
87,393
114,872
74,780
163,308
98,057
Var. (%)
5.8%
-0.6%
-15.2%
7.0%
-0.1%
1H/01
91,564
114.568
63,543
193,189
98,334
1H/00
91,788
114.280
74,882
150,804
99,969
Var. (%)
-0.2%
0.3%
-15.1%
28.1%
-1.6%
* Data on sales area, employees and checkouts was calculated based on average amounts proportional to the period in which
stores were open.
Sales composition (% of net sales)
Cash
Credit card
Food vouchers
Installments
Postdated checks
Credit
2001
54.4%
25.6%
6.2%
13.7%
7.2%
6.5%
2Q/01
53.7%
28.0%
6.1%
12.2%
6.3%
5.9%
Apr/01
53.7%
28.5%
6.1%
17.7%
6.8%
4.9%
May/01
52.9%
29.1%
6.0%
12.0%
6.7%
5.3%
Jun/01
53.8%
28.6%
6.6%
11.0%
6.7%
4.3%
2Q/01
53.5%
28.7%
6.2%
11.6%
6.7%
4.9%
Declarations in this communication relating to business prospects, operating and financial result projections,
and potential growth of the Company, are mere forecasts based on management expectations for the future.
These expectations are highly dependent on market changes, overall economic performance of Brazil,
industry, and the international markets, and are therefore subject to change.
44
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 – COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
09.01 – INVESTMENTS IN SUBSIDIARY AND/OR ASSOCIATED COMPANIES
1 - ITEM
2 - SUBSIDIARY/ASSOCIATED COMPANY NAME
7 - TYPE OF COMPANY
01
NOVASOC COMERCIAL LTDA
3 - NATIONAL CORPORATE TAXPAYERS'
REGISTRATION-CNPJ
4 - SHARE CONTROL NATURE
5 - % OWNERSHIP 6 - % OF
OF THE INVESTEE INVESTOR'S
STOCKHOLDERS'
EQUITY
9 - NUMBER OF SHARES - PRIOR QUARTER
(thousand)
8 - NUMBER OF SHARES - CURRENT QUARTER
(thousand)
03.139.761/0001-17
COMMERCIAL, INDUSTRIAL AND OTHER
PRIVATE ASSOCIATED COMPANY
1
45
10.00
0.75
1
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
10.01 – CHARACTERISTICS OF PUBLIC OR PRIVATE DEBENTURE ISSUES
1 - Item
01
2nd
2 - Issue order number
3 - Registration number at CVM
SEP/GER/DCA-98/0013
4 - Registration date at CVM
08/17/1998
5 - Issued series
1
6 - Type
Convertible
7 - Nature
Public
8 - Issue date
07/01/1998
9 - Due date
07/01/2003
10 - Type of debenture
Subordinated
11 - Remuneration conditions prevailing
IGP-M + 13% p.a.
12 - Premium/discount
18.77%
13 - Nominal value (reais)
1,360.10
14 - Issued amount (R$ thousand)
1,677
15 - Number of debentures issued (units)
175,000
16 - Outstanding debentures (units)
1,233
17 - Treasury debentures (units)
0
18 - Redeemed debentures (units)
617
19 - Converted debentures (units)
173,150
20 - Debentures to be placed (units)
0
21 - Date of last renegotiation
22 - Date of next event
07/01/2001
46
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
10.01 – CHARACTERISTICS OF PUBLIC OR PRIVATE DEBENTURE ISSUES
1 - Item
02
2nd
2 - Issue order number
3 - Registration number at CVM
SEP/GER/DEB-98/0060
4 - Registration date at CVM
08/17/1998
5 - Issued series
2
6 - Type
Simple
7 - Nature
Public
8 - Issue date
07/01/1998
9 - Due date
07/01/2003
10 - Type of debenture
Subordinated
11 - Remuneration conditions prevailing
IGP-M + 13% p.a.
12 - Premium/discount
18.77%
13 - Nominal value (reais)
1,375.10
14 - Issued amount (R$ thousand)
22,937
15 - Number of debentures issued (units)
25,000
16 - Outstanding debentures (units)
16,675
17 - Treasury debentures (units)
0
18 - Redeemed debentures (units)
8,325
19 - Converted debentures (units)
0
20 - Debentures to be placed (units)
0
21 - Date of last renegotiation
22 - Date of next event
07/01/2001
47
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
10.01 – CHARACTERISTICS OF PUBLIC OR PRIVATE DEBENTURE ISSUES
1 – Item
03
4th
2 - Issue order number
3 - Registration number at CVM
4 - Registration date at CVM
5 - Issued series
1
6 – Type
Convertible
7 – Nature
Private
8 - Issue date
09/01/2000
9 - Due date
08/31/2005
10 - Type of debenture
Floating
11 - Remuneration conditions prevailing
TJLP + 3.5% p.a.
12 - Premium/discount
22.55%
13 - Nominal value (reais)
1,110.71
14 - Issued amount (R$ thousand)
110,969
15 - Number of debentures issued (units)
100,000
16 - Outstanding debentures (units)
99,908
17 - Treasury debentures (units)
0
18 - Redeemed debentures (units)
0
19 - Converted debentures (units)
92
20 - Debentures to be placed (units)
0
21 - Date of last renegotiation
22 - Date of next event
08/31/2001
48
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
17.01 – UNQUALIFIED REPORT ON THE LIMITED REVIEW
July 27, 2001
To the Board of Directors and Stockholders
Companhia Brasileira de Distribuição
1
We have carried out limited reviews of the Quarterly Information - ITR of Companhia
Brasileira de Distribuição for the quarters and half-years ended June 30, 2001 and 2000. This
information is the responsibility of the Company's management.
2
Our reviews were carried out in accordance with the specific standards established by the
Institute of Independent Auditors of Brazil (IBRACON) in conjunction with the Federal
Accounting Council (CFC) and mainly comprised: (a) inquiry of and discussion with
management responsible for the accounting, financial and operational areas of the Company
with regard to the main criteria adopted for the preparation of the quarterly information and (b)
a review of the relevant information and of the subsequent events which have, or could have,
significant effects on the Company's financial position and operations.
3
Based on our limited reviews we are not aware of any significant adjustments which should be
made to the quarterly information referred to above in order that such information be stated in
conformity with the accounting principles determined by Brazilian corporate legislation and
with the standards of the Brazilian Securities Commission (CVM), specifically applicable to
the preparation of quarterly information.
PricewaterhouseCoopers
Auditores Independentes
CRC 2SP000160/O-5
Henrique Luz
Partner
Contador CRC 1RJ045789/T-2 "T" SP 002332
49
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
18.01 – STATEMENT OF INCOME OF SUBSIDIARY/ASSOCIATED COMPANY (Thousands of reais)
Subsidiary/Associated company: NOVOSOC COMERCIAL LTDA.
1 - CODE
3.1
3.2
3.3
3.4
3.5
3.6
3.6.1
3.6.2
3.6.3
3.6.3.1
3.6.3.2
3.6.4
3.6.5
3.6.5.1
3.6.5.2
3.6.6
3.7
3.8
3.8.1
3.8.2
3.9
3.10
3.11
3.12
3.12.1
3.12.2
3.13
3.15
2 - DESCRIPTION
Gross sales and/or services rendered
Deductions
Net sales and/or services rendered
Cost of sales and/or services rendered
Gross profit
Operating (expenses) income
Selling
General and administrative
Financial
Financial income
Financial expenses
Other operating income
Other operating expenses
Other taxes and charges
Depreciation and amortization
Equity in the results of subsidiary companies
Operating loss
Non-operating results
Income
Expenses
Loss before taxation and profit sharing
Provision for income tax and social contribution
Deferred income tax
Statutory profit sharing and contributions
Profit sharing
Contributions
Reversal of interest on own capital
Loss for the quarter
Number of shares, ex-treasury (thousand)
Net income per share
3 - 04/01/2001 to 06/30/2001
227,041
(34,040)
193,001
(140,847)
52,154
(69,462)
(38,413)
(8,929)
(18,707)
9,299
(28,006)
0
(3,413)
1,398
(4,811)
0
(17,308)
2
2
0
(17,306)
0
5,832
0
0
0
0
(11,474)
1
50
4 - 01/01/2001 to 06/30/2001
443,748
(66,398)
377,350
(272,770)
104,580
(141,201)
(73,747)
(18,273)
(36,831)
12,648
(49,479)
0
(12,350)
(2,701)
(9,649)
0
(36,621)
(346)
2
(348)
(36,967)
0
12,354
0
0
0
0
(24,613)
1
5 - 04/01/2000 to 06/30/2000
219,944
(33,818)
186,126
(137,213)
48,913
(65,588)
(33,893)
(8,625)
(17,211)
4,072
(21,283)
0
(5,859)
(1,560)
(4,299)
0
(16,675)
67
67
0
(16,608)
3,326
4,663
0
0
0
0
(8,619)
1
0
6 - 01/01/2000 to 06/30/2000
437,089
(66,794)
370,295
(277,796)
92,499
(129,228)
(68,212)
(16,115)
(33,256)
7,207
(40,463)
0
(11,645)
(3,445)
(8,200)
0
(36,729)
67
67
0
(36,662)
5,181
9,434
0
0
0
0
(22,047)
1
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
18.01 – STATEMENT OF INCOME OF SUBSIDIARY/ASSOCIATED COMPANY (Thousands of reais)
Subsidiary/Associated company: NOVOSOC COMERCIAL LTDA.
1 - CODE
2 - DESCRIPTION
Loss per share
3 - 04/01/2001 to 06/30/2001
(11,474.00000)
51
4 - 01/01/2001 to 06/30/2001
(24,613.00000)
5 - 04/01/2000 to 06/30/2000
(8,619.00000)
6 - 01/01/2000 to 06/30/2000
(22,047.00000)
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
18.02 – COMMENTS ON SUBSIDIARY/ASSOCIATED COMPANY PERFORMANCE
Subsidiary/associated company: NOVASOC COMERCIAL LTDA.
See comments on consolidated performance in Item 08.01.
52
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
June 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
INDEX
Group
01
01
01
01
01
01
01
01
01
01
02
02
03
04
05
06
06
07
08
09
10
17
ITR
01
02
03
04
05
06
07
08
09
10
01
02
01
01
01
01
02
01
01
01
01
01
18
18
01
02
Description
Identification
Head office
Investor Relations Officer (Company mail Address)
General Information/Independent Accountant
Capital composition
Characteristics of the company
Companies excluded from the consolidated financial statements
Dividends approved and/or paid during and after the quarter
Subscribed capital and alterations in the current year
Investors relations officer
Balance sheet -assets
Balance sheet - liabilities and stockholders` equity
Statement of income
Notes to the quarterly information
Comments on company performance
Balance sheet - consolidated assets
Balance sheet - consolidated liabilities and stockholders' equity
Consolidated statement of income
Comments on consolidated performance
Investments in subsidiary and/or associated companies
Characteristics of public or private debenture issues
Unqualified report on the limited review
NOVASOC COMERCIAL LTDA.
Statement of income of subsidiary/associated company
Comments on subsidiary/associated company performance
53
Page
1
1
1
1
2
2
2
2
3
3
4
5
6
7
30
31
32
34
36
45
46
49
50
52