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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K/A
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of December, 2003
Commission File Number 1-15106
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PETROLEO BRASILEIRO S.A. - PETROBRAS
(Exact name of registrant as specified in its charter)
Brazilian Petroleum Corporation - PETROBRAS
(Translation of Registrant's name into English)
Avenida Republica do Chile, 65
20035-900 - Rio de Janeiro, RJ
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.
Yes No X
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Incorporation By Reference
This amended report on Form 6-K is incorporated by reference into the
Registration Statement of Form F-3, File No. 333-92044, of Petroleo Brasileiro
S.A. - Petrobras and Petrobras International Finance Company - PIFCo.
Explanatory Note
This amended report on Form 6-K dated December 10, 2003 corrects
certain typographical errors in the page labeled "Income Statement" included in
the report on Form 6-K furnished to the Securities and Exchange Commission by
Petrobras on November 28, 2003. It also corrects the inclusion of data
applicable to the six-month period ended June 30, 2002 instead of data
applicable to the nine-month period ended September 30, 2002 in the page labeled
"Selected Data for International Segment" included in the report on Form 6-K
furnished to the Securities and Exchange Commission by Petrobras on November 28,
2003. The first column heading under "Income Statement" is hereby modified from
"1Q-2003" to "2Q-2003." The second column heading under "Income Statement" is
hereby modified from "2Q-2003" to "3Q-2003." The third column heading under
"Income Statement" is hereby modified from "2Q-2002" to "3Q-2002." The third
table under "Selected Data for International Segment" is hereby modified from
"STATEMENT OF INCOME (First Semester of 2002)" to "STATEMENT OF INCOME
(Nine-month period ended September 30, 2002)." The data in the third table under
"Selected Data for International Segment" has been updated from data
corresponding to the first semester of 2002 to data corresponding to the
nine-month period ended September 30, 2002, in order to allow a comparison with
the corresponding data for the nine-month period ended September 30, 2003. The
corrected pages are included below. Petrobras believes that these changes are
not material to its financial condition, operations or prospects. Except as
described above, and as set forth in the amended report on Form 6-K filed with
the Securities and Exchange Commission on December 8, 2003, no change has been
made to the report on Form 6-K furnished to the Securities and Exchange
Commission by Petrobras on November 28, 2003.
Income Statement
(Unaudited)
(in millions of U.S. dollars, except for share and per share data)
Nine-month period ended
September 30,
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2Q-2003 3Q-2003 3Q-2002 2003 2002
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10,408 11,314 8,388 Sales of products and services 31,300 24,693
Less:
(1,639) (1,629) (1,291) Value-added and other taxes on sales
and services (4,655) (3,887)
(1,382) (1,467) (1,158) CIDE (3,997) (4,124)
------------ ------------ ------------ ------------ ------------
7,387 8,218 5,939 Net operating revenues 22,648 16,682
(3,880) (4,086) (2,675) Cost of sales (11,058) (8,131)
(345) (564) (687) Depreciation, depletion and amortization (1,322) (1,528)
(134) (110) (92) Exploration, including exploratory dry holes (311) (301)
(27) Impairment (27)
(444) (518) (433) Selling, general and administrative expenses (1,422) (1,376)
(46) (46) (32) Research and development expenses (137) (103)
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(4,876) (5,324) (3,919) Total costs and expenses (14,277) (11,439)
91 1 33 Equity in results of non-consolidated companies 103 (9)
(14) 393 240 Financial income 606 914
(304) (474) (75) Financial expense (1,030) (522)
Monetary and exchange variation on monetary
478 (118) (898) assets and liabilities, net 541 (1,514)
(146) (129) (83) Employee benefit expense (391) (345)
(79) (78) (139) Other taxes (224) (317)
(284) (176) (199) Other expenses, net (756) (236)
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(258) (581) (1,121) (1,151) (2,029)
Income before income taxes and minority
2,253 2,313 899 interests and accounting change 7,220 3,214
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Income tax expense:
(596) (741) (354) Current (2,253) (1,139)
(65) 371 (73) Deferred 239 (211)
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(661) (370) (427) Total income tax expense (2,014) (1,350)
Minority interest in results of consolidated
(133) (46) 280 subsidiaries (238) 374
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1,459 1,897 752 Net income before accounting change effect 4,968 2,238
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Cumulative effect of accounting change, net
of income tax 697
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1,459 1,897 752 Net income for the period 5,665 2,238
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Weighted average number of shares outstanding
634,168,418 634,168,418 634,168,418 Common/ADS 634,168,418 6 34,168,418
462,369,507 462,369,507 451,935,669 Preferred/ADS 462,369,507 4 51,935,669
Basic and diluted earnings per share
Common/ADS and Preferred/ADS
1.33 1.73 0.69 Before effect of change in accounting principle 4.53 2.06
1.33 1.73 0.69 After effect of change in accounting principle 5.17 2.06
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U.S.$ million
INTERNATIONAL
GAS
&
E&P SUPPLY ENERGY DISTRIB. CORPOR. ELIMIN. TOTAL
INTERNATIONAL
ASSETS (As of December 31, 2002) 1,638 349 39 160 1,479 (802) 2,863
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STATEMENT OF INCOME
(Nine-month period ended September 30,
2002)
Net Operating Revenues 209 668 25 280 (399) 783
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Net operating revenues to third parties 59 368 25 258 710
Inter-segment net operating revenues 150 300 22 (399) 73
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Net income 4 24 (2) (31) (2) (7)
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PETROLEO BRASILEIRO S.A--PETROBRAS
By: /s/ Jose Sergio Gabrielli de Azevedo
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Jose Sergio Gabrielli de Azevedo
Chief Financial Officer and Investor Relations
Director
Date: December 10, 2003