The Balance Sheet is like a picture of PREVI’s overall situation. It gives us a view of the inventory of assets and liabilities at the end of the administration, and still indicates whether the situation is in balance or not. More detailed info. on the composition of its accounts can be found on the Explanatory Notes.
PREVI has seen the end of 2004 with a bottom line result of R$70,44 billion from all of its Plans, which shows an R$12,41 increase compared to 2003.
Total commitments have amounted to R$60,68 billion. As a result, we had a year surplus of approx. R$5,71 billion, which, combined to 2003 results, amounted to R$9,76 billion.
The larger part of this result (R$70,17 billion) is related to Plan 1, mostly because it is the oldest plan and the one with more associates. Because it is an Assigned Benefit Plan, its accounting books are able to report deficits or surpluses. The R$9,76 billion surplus refers to the results of this specific Plan.
 |
|
 |
|
Results from the Administration plus Accumulated
|
|
 |
|
 |
| |
|
 |
 |
| |
 |
|
|
| R$ billion |
2002 |
2003 |
2004 |
 Administration Results |
-1,58 |
7,67 |
5,71 |
 Accumulated Results |
-3,62 |
4,05 |
9,76 |
The financial result of each administration is comprised of the difference between resources in and out (involving cash flow), and of the difference between positive or negative assets and liabilities’ inventory variations (that have an equity effect).
|
