COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP
STATEMENTS OF CHANGES IN FINANCIAL POSITION
FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
(In thousands of Brazilian reais – R$)
(Convenience Translation into English from the Original Previously Issued in Portuguese)
SOURCES OF FUNDS
From operations:
Net income
Items not affecting working capital
Bad Debt Expense
Depreciation and amortization
Investments write-off
Loss on disposal of property, plant and equipment
Write-off of deferred charges
Monetary variations on long-term items
Provisions for contingencies
Pension obligation
Interest and monetary and exchange variations on long- term assets and liabilities:
Loans and financing
Taxes payable
Deferred income and social contribution taxes:
In long-term assets
In long-term liabilities
Total from operations
From third parties:
Loans and financing, long-term
Increase in long-term liabilities – work aid
Total from third parties
Decrease in working capital
Total sources
USES OF FUNDS
Increase in long-term assets
Decrease in long-term liabilities
Permanent assets
Property, plant and equipment
Deferred charges
Transfer from long-term to current liabilities
Loans and financing
Interest on shareholders’ equity
Increase in working capital
Total uses
2005
2004
865,647
513,028
137,639
595,981
4,360
19,051
6,700
(19,597)
120,609
54,382
76,870
598,911
34,616
(38,548)
75,660
76,636
(143,210)
21,761
(9,569)
25,018
(41,549)
3,388
1,625,162
(34,467)
8,938
1,327,093
1,153,479
13,529
1,167,008
780,722
14,552
795,274
-
356,265
2,792,170
2,478,632
180,003
46,602
217,107
22,668
678,237
106
600,903
444
634,487
348,216
1,484,575
152,935
904,519
-
2,792,170
2,478,632
1,725,386
1,229,790
495,596
1,229,790
1,217,165
12,625
1,691,966
2,100,889
(408,923)
904,519
2,100,889
1,731,999
368,890
(356,265)
Increase (decrease) in working capital:
Current assets
At end of year
At beginning of year
Variation in current assets
Current liabilities
At end of year
At beginning of year
Variation in current liabilities
Increase (decrease) in working capital
The accompanying notes are an integral part of these financial statements.
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COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO - SABESP
STATEMENTS OF CHANGES IN FINANCIAL POSITION
FOR THE YEARS ENDED DECEMBER 31, 2005 AND 2004
(In thousands of Brazilian reais – R$)
(Convenience Translation into English from the Original Previously Issued in Portuguese)
SUMMARY
2005
2004
SOURCES
From operations
From third parties
Decrease in working capital
TOTAL SOURCES
1,625,162
1,167,008
2,792,170
1,327,093
795,274
356,265
2,478,632
USES
Increase in long-term assets
Decrease in long-term liabilities
Permanent assets
Transfer from long-term to current liabilities
Interest on shareholders’ equity
Increase in working capital
TOTAL USES
180,003
46,602
678,343
634,487
348,216
904,519
2,792,170
217,107
22,668
601,347
1,484,575
152,935
2,478,632
For 2005, the Company chosen for enhancing the model of its Statements of Changes in Financial Position,
presenting the Increase in working capital as uses and the decrease in working capital as sources.
The accompanying notes are an integral part of these financial statements.
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