PREVI - Relatório Anual 2007

The Table below shows the abridged composition of results without the inter-program transfers:

2007 results were positive in R$18,131,454 thousand (R$15,936,081 thousand in 2006). In view of that, the accumulated surplus reached R$52,937,840 thousand. A great contribution to attain those results was given by the profitability obtained in Variable Income investments (50.9 %) and in Fixed Income (17.1 %), which exceeded the actuarial goals of 11.2 % (INPC + 5.75 % p.a.).

The variable Income Segment, with a participation of 65.3 % in total investments by the end of the year, was strongly influenced by the good performance of the Stock Exchange.

• a) Pension Plan Program
• b) Administrative Program
• c) Investment Program