Explanatory notes
14. Operational Liabilities
The liability group Operational Liabilities is sub-divided in Pension Plan, Administrative and Investment Programs and registers all obligations stemming from PREVI operations, particularly hose under the Pension Plan Program.
a) Contract BB X PREVI - Group 67 - Death Table AT-83 and Accounting Alignment
In the Pension Plan Program are book kept all anticipated amortizing contributions provided for in the contract signed between Banco do Brasil and PREVI in December 24th, 1997 and amended in February 2nd. 1998, with a view to provide funds for the payment of the benefits extended to Banco do Brasil retirees and to those employees yet to retire, provided they had joined the bank no later than April 14, 1967.
After the settlement of Mortality Table AT - 83, relinquishing GAM - 71 and , later, GAM - 83, 2nd year amortized (undisputed part), occurred an increase in the Bank's commitments with regard to benefit payments to staff who joined the Bank until April 14th, 1967 of R$1,878,641 thousand. Such amount, plus the amounts relative to the monthly differences between the captions "Anticipated Amortizing Contributions" and "Mathematical Provisions to Constitute" occurred during 2006, and amounting to 142,065 thousand, and the monetary adjustments of those items, totaling 23,269 thousand, added up R$2,039,986 thousand, which were carried to credit under the caption "Anticipated Amortizing Contributions" and to debit under "Reserve for Plan Revision".
On December 31st, 2007, the amounts relative to the contract between BB and PREVI reached the following amounts:
b) Parity - 2006 Agreement
The caption Future Funds - Parity - 2006 Agreement presented the following activity during the period:
