(A free translation of the original in Portuguese)
Companhia Brasileira
de Distribuição
Report of Independent Accountants on the
Limited Review of Quarterly
Information - ITR
September 30, 2001
(A free translation of the original in Portuguese)
Report of Independent Accountants on the
Limited Review of Quarterly Information
October 29, 2001
To the Board of Directors and Stockholders
Companhia Brasileira de Distribuição
1
We have carried out limited reviews of the Quarterly Information - ITR of Companhia
Brasileira de Distribuição for the quarters and nine-month periods ended September 30, 2001
and 2000 and for the quarter ended June 30, 2001. This information is the responsibility of the
Company's management.
2
Our reviews were carried out in accordance with the specific standards established by the
Institute of Independent Auditors of Brazil (IBRACON) in conjunction with the Federal
Accounting Council (CFC) and mainly comprised: (a) inquiry of and discussion with
management responsible for the accounting, financial and operational areas of the Company
with regard to the main criteria adopted for the preparation of the quarterly information and
(b) a review of the relevant information and of the subsequent events which have, or could
have, significant effects on the Company's financial position and operations.
October 29, 2001
Companhia Brasileira de Distribuição
3
Based on our limited reviews we are not aware of any significant adjustments which should be
made to the quarterly information referred to above in order that such information be stated in
conformity with the accounting principles determined by Brazilian corporate legislation and
with the standards of the Brazilian Securities Commission (CVM), specifically applicable to
the preparation of quarterly information.
PricewaterhouseCoopers
Auditores Independentes
CRC 2SP000160/O-5
Henrique Luz
Partner
Contador CRC 1RJ045789/T-2 "T" SP 002332
2
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
REGISTRATION WITH THE CVM DOES NOT IMPLY ANY ANALYSIS OF THE COMPANY. COMPANY MANAGEMENT IS RESPONSIBLE FOR THE ACCURACY OF THE
INFORMATION PROVIDED.
01.01 – IDENTIFICATION
1 – CVM CODE
2 - COMPANY NAME
3 – Federal Corporate Taxpayers' Registration Number – CNPJ
01482-6
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
47.508.411/0001-56
4 – State Registration Number – NIRE
35900089901
01.02 – HEAD OFFICE
1 – ADDRESS
2 – SUBURB OR DISTRICT
Av. Brigadeiro Luís Antônio, 3142
Jardim Paulista
3 – POSTAL CODE
4 – MUNICIPALITY
5 - STATE
01402-000
São Paulo
SP
6 – AREA CODE
7 – TELEPHONE
8 – TELEPHONE
9 - TELEPHONE
011
11 – AREA CODE
011
3886-0533
12 – FAX
3884-7177
13 – FAX
14 - FAX
10 - TELEX
15 – E-MAIL
pa.relmerc@grupopaodeacucar.com.br
01.03 – INVESTOR RELATIONS OFFICER (Company Mail Address)
Aymar Giglio Junior
2 – ADDRESS
3 – SUBURB OR DISTRICT
Av. Brigadeiro Luís Antônio, 3142
Jardim Paulista
4 – POSTAL CODE
5 – MUNICIPALITY
01402-000
São Paulo
6 - STATE
SP
7 – AREA CODE
8 – TELEPHONE
011
3886-0421
12 – AREA CODE
13 – FAX
011
3884-2677
16 – E-MAIL
pa.relmerc@grupopaodeacucar.com.br
9 – TELEPHONE
10 - TELEPHONE
14 – FAX
15 - FAX
11 - TELEX
01.04 –GENERAL INFORMATION/INDEPENDENT ACCOUNTANT
CURRENT YEAR
1-BEGINNING
01/01/2001
CURRENT QUARTER
2-END
3-QUARTER
12/31/2001
3
PRIOR QUARTER
4-BEGINNING
07/01/2001
5-END
09/30/2001
9 – INDEPENDENT ACCOUNTANT
PricewaterhouseCoopers Auditores Independentes
11 - PARTNER RESPONSIBLE
Henrique José Fernandes Luz
6-QUARTER
2
7-BEGINNING
04/01/2001
8-END
06/30/2001
10 - CVM CODE
00287-9
12 - INDIVIDUAL TAXPAYERS' REGISTRATION NUMBER OF THE PARTNER
RESPONSIBLE
343.629.917-00
1
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
01.05 – CAPITAL COMPOSITION
Number of shares
(Thousand)
Current Quarter
09/30/2001
Prior quarter
06/30/2001
Same quarter in prior year
09/30/2000
Paid-up capital
1 – Common
2 – Preferred
3 – Total
63,470,812
49,025,597
112,496,409
63,470,812
49,025,597
112,496,409
62,858,755
44,339,512
107,198,267
0
0
0
0
0
0
0
0
0
Treasury Stock
4 – Common
5 – Preferred
6 – Total
01.06 – CHARACTERISTICS OF THE COMPANY
1 – TYPE OF COMPANY
Commercial, industrial and other
2 – SITUATION
Operating
3 – NATURE OF OWNERSHIP
Private national company
4 –ACTIVITY CODE
1040600 – Supermarkets
5 – MAIN ACTIVITY
Retail Trade
6 – TYPE OF CONSOLIDATION
Partial
7 – TYPE OF REPORT OF THE INDEPENDENT ACCOUNTANT
Unqualified
01.07 – COMPANIES EXCLUDED FROM THE CONSOLIDATED FINANCIAL STATEMENTS
01
02
03
04
05
48.093.892/0001-49
.. / 04.129.171/0001-76
00.027.682/0001-26
04.281.635/0001-65
Supermercados Mogi S.A.
CBD Technology Inc.
Supermercados Mirambava Ltda.
Ponte do Ó Veículos e Peças Ltda.
Companhia Progresso de Alimentos
01.08 – DIVIDENDS APPROVED AND/OR PAID DURING AND AFTER THE QUARTER
1 –ITEM
01
02
2 –EVENT
AGO/E
AGO/E
3 –DATE APPROVED
04/26/2001
04/26/2001
4 –AMOUNT
Interest on own capital
Interest on own capital
5 –DATE OF PAYMENT
10/16/2001
10/16/2001
2
6 - TYPE OF SHARE
ON
PN
7 –AMOUNT PER SHARE
0.0007978660
0.0007978660
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 – COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number – CNPJ
47.508.411/0001-56
01.09 – SUBSCRIBED CAPITAL AND ALTERATIONS IN THE CURRENT YEAR
2 – DATE OF ALTERATION
3 - CAPITAL
4 – AMOUNT OF THE ALTERATION
(IN THOUSANDS OF REAIS)
01
02
03
04
05
06
07
08
09
10
11
12
02/05/2001
03/08/2001
05/04/2001
05/18/2001
06/12/2001
06/15/2001
06/22/2001
06/27/2001
06/28/2001
06/29/2001
06/29/2001
06/29/2001
5 –NATURE OF ALTERATION
(IN THOUSANDS OF REAIS)
2,001,099
2,001,113
2,001,206
2,001,208
2,068,613
2,074,766
2,075,231
2,076,244
2,124,301
2,172,702
2,222,854
2,244,136
7 – NUMBER OF SHARES ISSUED
(THOUSANDS)
66
14
93
2
67,405
6,153
465
1,013
48,057
48,401
50,152
21,282
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Debentures conversion
Private subscription in cash
Private subscription in cash
01.10 – INVESTOR RELATIONS OFFICER
10/30/01
3
8 – SHARE PRICE ON ISSUE DATE
(IN REAIS)
1,667
333
1,153
26
1,645,050
150,032
11,333
24,600
1,166,255
1,174,222
612,057
337,647
0.0398170500
0.0398940960
0.0805476510
0.0806870000
0.0409743960
0.0410094980
0.0410915210
0.0411926360
0.0412060290
0.0412194270
0.0819400000
0.0630300000
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
02.01 - Balance Sheet - Assets (Thousands of reais)
1 - CODE
2 - Description
1
1.1
1.1.1
1.1.1.1
1.1.1.2
1.1.2
1.1.2.1
1.1.2.2
1.1.2.3
1.1.2.4
1.1.2.5
1.1.2.6
1.1.3
1.1.4
1.1.4.1
1.2
1.2.1
1.2.1.1
1.2.1.2
1.2.1.3
1.2.1.4
1.2.2
1.2.2.1
1.2.2.2
1.2.2.3
1.2.3
1.3
1.3.1
1.3.1.1
1.3.1.2
1.3.1.3
1.3.2
1.3.2.1
1.3.2.2
1.3.2.3
1.3.2.4
1.3.2.5
1.3.2.6
1.3.2.7
1.3.2.8
1.3.2.9
1.3.3
1.3.3.1
1.3.3.2
1.3.3.3
Total assets
Current assets
Available funds
Cash and banks
Financial investments
Receivables
Trade accounts receivable
Customer credit financing
Allowance for doubtful accounts
Advances to suppliers and employees
Taxes recoverable
Other receivables
Inventories
Other
Prepaid expenses
Long-term receivables
Sundry receivables
Accounts receivable
Deferred income tax
Judicial deposits
Prepaid expenses
Receivables from related companies
Associated companies
Subsidiary companies
Other related companies
Other
Permanent assets
Investments
Associated companies
Subsidiary companies
Other
Property and equipment
Land
Buildings
Building improvements
Equipment
Installations
Furniture and fixtures
Vehicles
Constructions in progress
Other
Deferred charges
Goodwill
Exchange variance
Pre-operating expenses
3 - 09/30/2001
4 - 06/30/2001
6,354,018
2,116,698
575,409
68,322
507,087
978,667
497,520
299,007
(44,286)
72,335
84,392
69,699
545,688
16,934
16,934
572,293
143,194
29,097
34,867
77,570
1,660
429,099
0
429,099
0
0
3,665,027
113,563
0
112,783
780
2,760,027
683,526
1,091,691
413,240
297,810
127,523
36,856
9,111
91,665
8,605
791,437
632,314
26,867
132,256
4
6,079,189
1,954,433
402,076
50,795
351,281
1,007,862
473,465
345,192
(37,066)
84,555
69,873
71,843
530,325
14,170
14,170
521,852
136,315
27,560
33,434
73,316
2,005
385,537
0
385,537
0
0
3,602,904
108,923
0
108,143
780
2,673,621
671,649
1,017,238
395,002
298,724
130,415
33,914
10,148
107,920
8,611
820,360
652,038
31,344
136,978
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01-01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
02.02 - Balance Sheet - Liabilities and Stockholders' Equity (Thousands of reais)
1 - CODE
2 - Description
2
2.1
2.1.1
2.1.2
2.1.3
2.1.4
2.1.4.1
2.1.4.2
2.1.5
2.1.6
2.1.6.1
2.1.7
2.1.7.1
2.1.8
2.1.8.1
2.1.8.2
2.1.8.3
2.1.8.4
2.1.8.5
2.1.8.6
2.1.8.7
2.1.8.8
2.2
2.2.1
2.2.2
2.2.3
2.2.4
2.2.5
2.2.5.1
2.2.5.2
2.2.5.3
2.2.5.4
2.2.5.5
2.3
2.5
2.5.1
2.5.2
2.5.2.1
2.5.2.2
2.5.3
2.5.3.1
2.5.3.2
2.5.4
2.5.4.1
2.5.4.2
2.5.4.3
2.5.4.4
2.5.4.5
2.5.4.6
2.5.4.7
2.5.4.7.1
2.05.05
Total liabilities and stockholders' equity
Current liabilities
Loans and financings
Debentures
Suppliers
Taxes, charges and contributions
Taxes on sales
Taxes payable in installments
Dividends payable
Provisions
Provision for loss on investments
Payable to related companies
Current account with parent and subsidiary companies
Other
Purchase of assets
Salaries and related contributions
Interest on own capital
Public services
Rents
Advertising
Insurance
Other accounts payable
Long-term liabilities
Loans and financings
Debentures
Provisions
Payable to related companies
Other
Income tax
Provision for contingencies
Purchase of assets
Taxes payable in installments
Capitalizable funds - interest on own capital
Deferred income
Stockholders' equity
Paid-up capital
Capital reserves
Fiscal incentives
Subscription bonus
Revaluation reserves
Own assets
Subsidiary/associated companies
Revenue reserves
Legal
Statutory
For contingencies
Unrealized profits
Retention of profits
Special for undistributed dividends
Other
Reserve for expansion
Retained earnings
3 - 09/30/2001
4 - 06/30/2001
6,354,018
1,820,764
1,022,234
1,486
521,858
16,959
16,587
372
0
71,192
71,192
0
0
187,035
50,635
90,797
18,149
2,849
11,463
2,181
81
10,880
1,192,461
521,317
130,550
0
0
540,594
1,169
509,364
29,899
162
0
0
3,340,793
2,244,136
348,292
4,050
344,242
0
0
0
748,365
51,386
0
0
23,664
295,405
0
377,910
377,910
0
5
6,079,189
1,582,656
714,746
7,065
525,129
12,246
11,875
371
0
61,051
61,051
52,352
52,352
210,067
73,005
89,384
18,149
2,855
11,092
2,909
628
12,045
1,197,637
505,997
128,518
0
0
563,122
1,972
521,637
39,324
189
0
0
3,298,896
2,244,136
348,292
4,050
344,242
0
0
0
706,468
51,386
0
0
23,664
253,508
0
377,910
377,910
0
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
03.01 - STATEMENT OF INCOME (Thousands of reais)
1 - CODE
2 - DESCRIPTION
3.01
3.02
3.03
3.04
3.05
3.06
3.06.01
3.06.02
3.06.02.01
3.06.02.02
3.06.03
3.06.03.01
3.06.03.02
3.06.03.02.01
3.06.03.02.02
3.06.04
3.06.05
3.06.05.01
3.06.05.02
3.06.05.03
3.06.06
3.07
3.08
3.08.01
3.08.02
3.09
3.10
3.11
3.12
3.12.01
3.12.02
3.13
3.15
Gross sales and/or services
Deductions
Net sales and/or services
Cost of sales and/or services rendered
Gross profit
Operating (expenses) income
Selling
General and administrative
Administrative expenses
Restructuring costs
Financial
Financial income
Financial expenses
Exchange variance
Others
Other operating income
Other operating expenses
Other taxes and charges
Depreciation and amortization
Loss on investment in subsidiary company
Equity in the results of subsidiary companies
Operating profit
Non-operating results
Revenue
Expenses
Net income before taxation and profit sharing
Provision for income tax and social contribution
Deferred income tax
Statutory profit sharing and contributions
Profit sharing
Contributions
Reversal of interest on own capital
Net income for the quarter/period
Number of shares, ex-treasury (in thousands)
Net income per share
3 - 07/01/200 to 09/30/2001
4 - 01/01/2001 to 09/30/2001
1,963,315
(303,637)
1,659,678
(1,183,318)
476,360
(429,553)
(274,437)
(64,673)
(64,673)
0
6,629
120,176
(113,547)
(4,477)
(109,070)
0
(102,597)
(10,225)
(82,231)
(10,141)
5,525
46,807
1,171
1,171
0
47,978
(6,081)
0
0
0
0
0
41,897
112,496,409
0.00037
6
6,122,393
(954,608)
5,167,785
(3,717,923)
1,449,862
(1,281,248)
(817,444)
(208,841)
(201,802)
(7,039)
26,346
352,950
(326,604)
(13,431)
(313,173)
0
(286,834)
(31,301)
(220,779)
(34,754)
5,525
168,614
3,928
3,931
(3)
172,542
(37,455)
0
0
0
0
0
135,087
112,496,409
0.00120
5 - 07/01/2000 to 09/30/2000
2,081,708
(330,400)
1,751,308
(1,268,142)
483,166
(379,693)
(263,023)
(73,238)
(73,238)
0
23,385
113,624
(90,239)
(4,477)
(85,762)
0
(66,817)
(9,009)
(51,588)
(6,220)
0
103,473
879
879
0
104,352
(14,110)
0
0
0
0
0
90,242
107,198,267
0.00084
6 - 01/01/2000 to 09/30/2000
5,681,934
(890,842)
4,791,092
(3,460,458)
1,330,634
(1,109,290)
(726,213)
(217,385)
(217,385)
0
28,019
319,593
(291,574)
(13,431)
(278,143)
0
(193,711)
(29,285)
(136,159)
(28,267)
0
221,344
3,326
3,571
(245)
224,670
(19,938)
0
0
0
0
0
204,732
107,198,267
0.00191
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
1
Operations
The main activity of Companhia Brasileira de Distribuição ("the Company" or "CBD") is
the retailing of food, apparel, electric/electronic goods and other products from its
supermarkets, hypermarkets, specialized outlets and department stores which operate
primarily under the trade names: "Pão de Açúcar", "Extra", "Barateiro", and "Eletro". At
September 30, 2001, the Company had 412 stores in operation (415 at June 30, 2001), of
which 391 are own stores and 21 are stores managed by subsidiary Novasoc Comercial
Ltda. ("Novasoc").
2
Presentation of the Financial Information and
Significant Accounting Policies
The financial information was prepared in conformity with the accounting principles and
practices adopted in the preparation of the Company's financial statements as of and for
the year ended December 31, 2000, which were published on February 15, 2001 and are
presented at their historical value.
Upon consolidation of financial information of the Company and its subsidiary Novasoc,
investments were eliminated in proportion to the equity of the investing company in the
results of the investee, and intercompany assets, liabilities, revenue, expenses and
unrealized profits were eliminated.
In conformity with CVM Instruction 247, the financial information of the wholly owned
subsidiaries Supermercados Mogi S.A. ("Mogi"), Ponte do Ó Veículos e Peças Ltda.
("Ponte do Ó") and Supermercados Mirambava Ltda. ("Mirambava"), Companhia
Progresso de Alimentos ("Progresso"), were not consolidated into the Company’s
financial information as these companies are not operating and have already been
transferred to the Company.
In addition to the above companies, the financial information of the wholly owned
subsidiary CBD Technology, Inc. ("CBD Tech") (Note 8) was not consolidated into the
Company's financial information since it has no material effect on the Company's
consolidated financial position and results of operations. No transactions have taken
place from the date of its formation up to September 30, 2001.
7
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
3
Accounts Receivable
Thousands of reais
Parent company
Consolidated
09.30.01
06.30.01
09.30.01
299,007
345,192
336,447
83,479
299,924
83,360
30,757
(44,286)
91,791
265,429
78,694
37,551
(37,066)
89,569
342,157
86,532
752,241
781,591
808,162
29,097
27,560
31,227
137,201
29,097
27,560
168,428
Current
Customer credit financing
Customer
Installment sales (postdated checks)
Credit cards
Sales vouchers and other
Accounts receivable - Novasoc
Allowance for doubtful accounts
(46,543)
Long-term
Customer credit financing
Accounts receivable - Paes Mendonça
Customer credit financing is contracted at prefixed interest rates and is repayable over
periods varying up to 24 months in the case of monthly payment coupons and in up to six
months for postdated checks.
Installment sales comprise postdated checks bearing interest at a prefixed rate of up to
6.9% per month and with a maximum term of 90 days.
Credit card transactions are carried out through cards administered by third parties and
can be payable in up to 12 monthly installments.
Accounts receivable from Novasoc relate to the sale of merchandise supplied to the
stores by the Company.
8
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Accounts receivable - Paes Mendonça - comprise credits arising from the payment of
obligations assumed (mainly with suppliers) by Novasoc pursuant to the leasing
agreement entered into with Paes Mendonça. These credits are being restated by the
General Market Price Index (IGP-M) before the end of the term of the agreement.
Pursuant to the contract, guarantees were received represented by the goodwill of stores
currently operated by Novasoc.
The allowance takes into consideration the average effective losses in prior periods and
management's specific analysis of probable losses:
Thousands of reais
Parent company
09.30.01
Customer credit financing
Installment sales (postdated checks)
06.30.01
Consolidated
09.30.01
(42,502)
(1,784)
(35,054)
(2,012)
(44,572)
(1,971)
(44,286)
(37,066)
(46,543)
The basis for recording this allowance is as follows:
. Customer credit financing - based on historical loss indices in the prior 12 months;
amounts overdue more than 180 days are charged-off against the allowance.
. Installment sales (postdated checks) - based on average historical indices of checks
returned and recoveries in the prior 12 months; once all legal procedures have been
exhausted, checks returned by the bank are charged-off against the allowance.
. Credit cards and sales vouchers; no allowance for doubtful accounts is recorded
because the credit risk is substantially assumed by third parties.
9
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
4
Advances to Suppliers and Employees
Refer mainly to advances to suppliers for the development of products to be sold by the
Company.
5
Inventories
Thousands of reais
Parent company
At stores
At distribution centers
6
Consolidated
09.30.01
06.30.01
09.30.01
362,110
183,578
338,339
191,986
396,769
190,751
545,688
530,325
587,520
Taxes Recoverable
Thousands of reais
Parent company
Taxes
Income tax on financial investments
Social security contributions (INSS)
Prepaid income tax
Consolidated
09.30.01
06.30.01
09.30.01
50,023
10,621
12,029
11,719
37,539
24,640
7,573
121
49,052
12,707
12,029
11,719
84,392
69,873
85,507
Taxes recoverable include income tax and social contribution credits arising from the
incorporation of Rede Barateiro de Supermercados S.A., and recovery of sales tax
(ICMS) credits.
10
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
7
Related Companies
Receivables: These are receivables from the subsidiary Novasoc, amounting to
R$ 426,326 thousand (June 30, 2001 - R$ 385,537 thousand), and from the parent
company amounting to R$ 2,773 thousand which accrue financial charges based on the
CDI variation.
8
Investments
(a) Information on investments at September 30, 2001
Thousands of reais
Progresso
Ponte do Ó
Mirambava
CBD Tech
Novasoc
Mogi
Shares/
Quotas
Held
Percentage
ownership - %
Capital
67,463
1,827,998
49,998
1,000
1,000
3,640,134
99.99
99.99
99.99
99.99
10.00
99.99
67
1,828
50
19,538
10
14,185
Loss for the
quarter
(10,141)
Stockholder's
equity
(negative
equity)
1,007
2,310
50
19,270
(71,192)
14,041
In July 2000, the Company formed CBD Tech, headquartered in the U.S.A. for the
purpose of researching and developing technology for the web site www.amelia.com.br.
Novasoc’ by-laws state that profit sharing need not be made proportionally to the
quotaholders interest in the capital. During a quotaholders’ meeting held on December
29, 2000, it was agreed that the Company will participate in 99.98% of Novasoc’ results
of operations.
At September 30, 2001, Novasoc presented a negative net equity. Based on the planned
continuation of viable operations of this subsidiary, as guaranteed by the parent company,
the Company has been recording the losses calculated by the equity method of
accounting and simultaneously has set up a provision to recognize its obligations to the
subsidiary’s creditors.
11
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Goodwill arising on acquisition of companies is based on appraisal reports of
independent experts and principally relates to the expected future profitability of these
companies and the appreciation of property and equipment items, and is being amortized
based on the projected profitability of the stores acquired and/or in conformity with the
depreciation of the assets which generated goodwill, when applicable, over a maximum
period of 10 years. For acquisitions in prior years and in the first half of 2001, the
goodwill related to expected future profitability was transferred to deferred charges
(Note 10 (a)).
(b) Movement on investments
Thousands of reais
Addition
Balance at
06.30.01
Progresso
Ponte do Ó
Mirambava
Novasoc
Mogi
CBD Tech
Other
Total
9
Equity in
the results
Cost Goodwill
Amortization
of goodwill
Provision Balance at
for loss
09.30.01
15,028
9,963
1,694
15,028
9,963
1,694
(10,141)
10,141
67,774
13,684
780
(946)
5,525
61
108,923
(4,616)
61
(946)
66,828
19,270
780
10,141
113,563
Property and Equipment
Direct investments in property and equipment totaled R$ 138,922 thousand for the
quarter (R$ 369,251 thousand – accumulated from January to September 2001) and refer
mainly to the purchase of operating assets, land and buildings to expand its activities,
refurbishment, construction and expansion of stores and distribution centers, investments
in equipment and capitalization of interest. These investments were partially financed and
amounts payable are recorded in the account “liabilities for the purchase of assets”. Also
recorded in this account are the balances payable for the acquisition of supermarket
chains. Most of these liabilities bear financial charges based on the General Market Price
Index - IGPM, increased by interest at market rates.
12
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
In conformity with CVM Deliberation 193, interest and financial charges arising from
third party financing for specific operating expansion purposes are capitalized during the
periods of construction or refurbishment of the stores and distribution centers. Interest
capitalized from January through September 30, 2001 amounted to R$ 14,348 thousand
(R$ 22,949 thousand through September 30, 2000). The appropriation of capitalized
interest and financial charges to results is consistent with the depreciation terms of the
financed assets.
Construction in progress comprises the expenditures on the refurbishment and
construction of stores and distribution centers of the Company and the subsidiary
company.
10 Deferred Charges
Thousands of reais
Parent company
Goodwill
Exchange
variance
Pre-operating
and other
expenses
Subsidiary
company Consolidated
Pre-operating
and other
Sub-total
expenses
Total
At June 30, 2001
Additions
Disposals
Amortization
652,038
650
31,344
136,978
6,240
820,360
6,890
27,392
847,752
6,890
(20,374)
(4,477)
(10,962)
(35,813)
(2,354)
(38,167)
At September 30, 2001
632,314
26,867
132,256
791,437
25,038
816,475
(a) Goodwill
On merging Peralta, Nirpec, Stratosfera, Gepires, Reimberg, Nagumo, Rosado,
Panamericano and Boa Esperança in the first quarter of 2001, the amounts originally
recorded as investments, in goodwill, based mainly on expected future profitability, were
transferred to deferred charges and will continue to be amortized over the original terms
and in proportion to the profitability projections that determined them.
13
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(b) Exchange variance
As authorized by Federal Law 9816/99 and CVM Resolution 294/99, the Company opted
to defer a portion of the net exchange losses arising from exchange rate variations in the
first quarter of 1999. These exchange losses amounted to R$ 210,413 thousand,
R$ 71,639 thousand of which was deferred and is being amortized over a period of four
years.
(c) Pre-operating and other expenses
Relate to pre-operating expenses (including employees' salaries, training, and rent)
deferred until the stores in construction and/or reform start operating normally. These
expenses are being amortized over a period of up to five years.
11 Loans and Financings
Thousands of reais
Annual interest and charges
Short term
Local currency
BNDES
(i)
(i)
(ii)
Exchange variance + 3.5%
TJLP + 3.5%
TJLP + 3.5%
TJLP + 3.5%
Exchange variance + 3.5%
TJLP + 1% to 3.5%
TJLP + 2%
14
Parent company
Consolidated
09.30.01
06.30.01
09.30.01
25,068
67,284
29,596
9,193
2,250
12,372
108
20,844
66,645
29,438
8,226
983
3,506
77
25,068
67,284
29,596
9,193
2,250
12,372
108
145,871
129,719
145,871
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Thousands of reais
Parent company
Consolidated
09.30.01
06.30.01
09.30.01
1,201
642
984
639
1,201
642
1,843
1,623
1,843
0.8% to 12.6% (06.30.01
-5.2% to 13%)
856,473
560,277
866,897
LIBOR + 0.6% to 3%
18,047
23,127
18,047
1,022,234
714,746
1,032,658
26,795
86,446
89,952
37,789
42,867
166,442
11,109
27,177
101,892
96,160
35,153
36,723
173,845
10,746
26,795
86,446
89,952
37,789
42,867
166,442
11,109
461,400
481,696
461,400
1,538
1,676
1,538
58,379
22,625
58,379
521,317
505,997
521,317
Annual interest and charges
Working capital
21.3% (06.30.01 - 18.8%)
TJLP + 3.5%
Foreign currency
Working capital
Imports
Long term
Local currency
BNDES
(i)
(i)
(ii)
Working capital
Foreign currency
Working capital
Exchange variance + 3.5%
TJLP + 3.5%
TJLP + 3.5%
TJLP + 3.5%
Exchange variance + 3.5%
TJLP + 1% to 3.5%
TJLP + 2%
TJLP + 3.5%
8.1% to 10.9%
(06.30.2001 - 9.3% to 9.4%)
15
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Long-term amounts fall due as follows:
Thousands of reais
2002
2003
2004
2005 onwards
09.30.01
06.30.01
42,771
216,272
101,264
161,010
81,549
172,784
98,117
153,547
521,317
505,997
(a) Contracts with the National Bank for Economic and Social Development - BNDES
are summarized below:
(i) Contract signed on November 10, 2000
A contract to open a line of credit, the principal of which amounts to R$ 211,100
thousand. Up to September 30, 2001, the Company had drawn down R$ 204,169
thousand. Interest is 3.5% p.a. above the TJLP (82% of the line of credit) or 1% p.a.
above the TJLP (4% of the line) or above the BNDES basket of foreign currencies (14%
of the line) which is being appropriated monthly. Payments will be in 60 monthly
installments after a 20-month grace period.
(ii) Contract signed on December 14, 2000
A contract to open a line of credit, the principal of which amounts to R$ 11,116
thousand. Up to September 30, 2001, the Company had drawn down R$ 11,011 thousand.
Interest is 2% p.a. above the TJLP which is being appropriated monthly. Payments will
be in 60 monthly installments after a 20-month grace period.
These contracts require that the Company maintains certain levels of capitalization and
current liquidity levels and uses the funds in the investment program for the construction/
refurbishment of stores and purchase of equipment. The parent company has offered a
joint responsibility surety until the financings are settled.
16
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(b) Other financings
Working capital financings represent mainly funds raised with fixed financial charges for
direct customer credit operations, mainly customer credit and postdated checks.
To mitigate foreign exchange risks on foreign currency financings the Company signed
swap contracts at pre-fixed rates (Note 17).
Financings are guaranteed by promissory notes and stockholders' sureties.
12 Debentures (Parent Company and Consolidated)
Thousands of reais
Annual interest and charges
09.30.01
06.30.01
IGP-M + 13%
IGP-M + 13%
TJLP + 3.5%
55
742
689
7,065
1,486
7,065
1,731
23,667
105,152
1,677
22,937
103,904
130,550
128,518
Short term
2nd issue
4th issue
1st series
2nd series
Sole series
Long term
2nd issue
4th issue
1st series
2nd series
Sole series
IGP-M + 13%
IGP-M + 13%
TJLP + 3.5%
17
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
Interest related to the 4th issue of debentures was paid during the 3rd quarter.
Debentures movement
Number of debentures
Issue
Converted/paid
Balance
Number
Of
Preferred
shares
converted
In 1999
In 2000
(23,375)
(24,569)
151,625
127,056
779,158,875
818,958,477
02.05.2001
03.08.2001
in 1st quarter
(50)
(10)
(60)
127,006
126,996
1,666,650
333,330
1,999,980
39.817050
39.894096
66
14
80
06.12.01
06.15.01
06.22.01
06.27.01
06.28.01
06.29.01
06.29.01
in 2nd quarter
(49,352)
(4,501)
(340)
(738)
(34,988)
(35,227)
(617)
(125,763)
77,644
73,143
72,803
72,065
37,077
1,850
1,233
1,233
1,645,050,216
150,031,833
11,333,220
24,599,754
1,166,255,004
1,174,221,591
Paid
4,171,491,618
40.974396
41.009498
41.091521
41.192636
41.206029
41.219427
67,405
6,153
465
1,013
48,057
48,401
in 1st half year 2001
(125,823)
1,233
4,173,491,598
171,574
(173,767)
1,233
5,771,608,950
229,010
(90)
(2)
(92)
99,910
99,908
1,153,890
25,642
1,179,532
(92)
99,908
1,179,532
95
4,174,671,130
171,669
Date of
conversion
2nd issue
Issued
Capital
increase
(R$
thousand)
175,000
Total 2nd issue
175,000
4th issue
27,121
30,315
171,494
100,000
05.04.01
05.18.01
in 2nd quarter
Total 4th issue
Share price
per
thousand
shares (R$)
100,000
Total conversions from
January to September 2001
80.547651
80.687000
93
2
95
Expenses for the placement of debentures, mainly commissions, are recorded in prepaid
expenses and are appropriated over the term of the debentures.
18
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
13 Provision for Contingencies
Thousands of reais
Social Contribution on Revenues (COFINS) and
Social Integration Program (PIS) (i)
National Institute of Social Security (INSS) (ii)
Income tax (iii)
Tax on Financial Transactions (CPMF) (iv)
Labor claims and other
Parent company
Consolidated
09.30.01
06.30.01
09.30.01
210,449
181,128
55,264
51,329
11,194
198,811
173,944
79,924
47,078
21,880
210,462
181,654
55,264
55,647
11,204
509,364
521,637
514,231
Provisions for taxes and contributions are recorded to cover probable losses from
unfavorable decisions, against which appeals have been filed.
(i) The Company obtained a favorable decision in the lower courts waiving the application
of the provisions of Law 9718/98 and permitting the payment of COFINS under the
terms of Complementary Law 70/91 (2% of revenue) and of PIS under the terms of Law
9715/98 (0.65% of revenue) as from February 1, 1999. However, the difference in
amounts determined pursuant to the provisions of Law 9718/98 is being recorded as a
provision.
(ii) The Company obtained a preliminary injunction to offset contributions considered to be
paid in excess for Labor Accident Insurance (SAT) and Education Allowance against
payables of the same nature to the INSS. Accordingly, the amounts determined are not
being paid and are maintained in the provision for contingencies - INSS until a final
ruling is obtained. In compliance with a court order, the Company has been acquiring
public debt securities which are maintained in judicial escrow in order to secure the right
to offset the Education Allowance amounts which it considers as having been paid in
excess.
19
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(iii) The provision for income tax contingencies includes matters under dispute, as well as the
recognition, based on a judicial ruling, of the effects of the depreciation of fixed assets
relating to the inflation index differences arising from the Summer Plan (Economic
Stabilization Plan). On May 31, 2000, the Company obtained a favorable sentence which
permitted the reversal of part of the effects of monetary restatement of the Summer Plan,
which had been classified in this account.
(iv) The Company is questioning, through its legal advisors, the constitutionality of
amendment 21/99 which refers to the extension of the period for the collection of tax on
financial transactions (CPMF). The Company has obtained an injunction which suspends
the obligation to retain and pay this contribution until final judgement of the case.
Unpaid amounts are being provisioned. The Company is also questioning the application
of Bacen Circular Letter 3001/2000, against which it obtained an injunction with a
suspensive effect.
14 Income Tax
The provision for income tax and deferred income tax on timing differences is recorded
at the basic rate of 15%, plus the surcharge of 10%.
The deferred income tax asset was calculated based on timing differences considered for
taxable income determination purposes. Income tax in long-term liabilities is based on
the inflationary profit generated up to 1994.
(a) Income tax reconciliation
Thousands of reais
Parent company
Consolidated
09.30.01
09.30.00
09.30.01
Net income before income tax
172,542
224,670
154,949
Income tax expense at nominal tax rates
(43,135)
(56,167)
(38,737)
2,154
14,724
3,415
2,411
Net permanent adjustments (additions/exclusions)
Income tax incentives
Reversal of provision for income tax on inflationary profit
Reversal of provision for prior years income tax
Tax credit of tax loss carryforward
3,526
3,526
17,595
12,938
Accumulated income tax up to September 2001
(37,455 )
20
(20,433 )
(19,862)
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.02 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
15 Stockholders' Equity
(a) Capital
Number of shares - thousands
Capital
(Thousands
of reais)
At December 31, 2000
2,001,033
Conversion of debentures
2nd issue, 1st series (Note 12)
80
At March 31, 2001
2,001,113
Conversion of debentures
2nd issue, 1st series (Note 12)
4th issue, sole series (Note 12)
Capital increase (i)
At June 30 and September 30, 2001
(i)
Preferred
44,513,279 62,858,755
2,000
44,515,279 62,858,755
171,494
95
4,171,492
1,179
71,434
337,647
2,244,136
Common
612,057
49,025,597 63,470,812
The Annual and Extraordinary Stockholders’ Meeting held on April 26, 2001 approved the Board of
Directors proposal to increase capital by issuing 1,175,543,513 shares, of which 612,056,784 common and
563,486,729 preferred, all nominative without nominal value. Subscribed shares were paid up using the
interest on own capital receivable in the amount of R$ 71,434 thousand.
Stockholders entitled to interest on own capital which did not use this distribution to subscribe the capital
increase will receive their respective amounts on October 16, 2001.
The balance of shares not subscribed will be auctioned in due course in conformity with legislation.
Number of shares (thousand)
Proposed increase
Paid-up capital
In reais (thousand)
Common
Preferred
Total
85,668
(71,434)
612,057
(612,057)
563,487
(337,647)
1,175,544
(949,704)
225,840
225,840
Unpaid balance
14,234
21
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.03 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(b)
Stockholding position
Number of shares (million)
At September 30, 2001
Stockholders
At June 30, 2001
Common
%
Preferred
%
Total
%
Common
%
Preferred
%
Total
%
Pão de Açúcar S.A. Ind. e Com.
Valentim dos Santos Diniz
Península Participações
Abílio Diniz
Lucília Maria Diniz Gallo
Casino Group
Other
38,333
2,281
6,458
254
894
15,218
33
60.4
3.6
10.1
0.4
1.4
24.0
0.1
7,333
15.0
38,333
2,281
6,458
254
894
15,218
33
60.4
3.6
10.1
0.4
1.4
24.0
0.1
15.0
25.4
59.6
40.6
2.0
5.8
0.2
0.8
24.6
26.0
7,333
1
12,438
29,246
45,666
2,281
6,466
254
895
27,656
29,279
1
12,438
29,246
25.4
59.6
45,666
2,281
6,466
254
895
27,656
29,279
40.6
2.0
5.8
0.2
0.8
24.6
26.0
Total
63,471
100.0
49,026
100.0
112,497
100.0
63,471
100.0
49,026
100.0
112,497
100.0
8
22
8
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
16 Preferred Stock Option Plan
At the Annual and Extraordinary General Meetings held on April 28, 1997, the preferred
stock option plan for company directors and employees was approved, and the first
options were granted relating to 1996.
The exercise price for each lot of shares is at least 60% of the weighed average of the
preferred shares traded in the week the option is granted. The percentage may vary for
each beneficiary or series.
Exercise dates and forms are as follows: (i) 50% in the last month of the third year
following the option grant date and (ii) 50% in the last month of the fifth year following
the option grant date, under the condition that the sale of a certain number of shares will
be restricted until the date of retirement of the beneficiary.
Shares from options exercised have the same rights granted to other stockholders. The
management of this plan was entrusted to a committee appointed by the Administrative
Council.
Information on the stock option plan is summarized as follows:
Preferred
shares
(in thousands)
278,600
373,200
1,007,074
305,975
361,660
I Series - May 9, 1997
II Series - December 22, 1997
III Series - December 18, 1998
IV Series - March 31, 2000
V Series - April 2, 2001
Options granted
2,326,509
Options not granted (i)
2,732,365
Global volume of the plan
5,058,874
Exercised options
I Series - December 15, 1999 (ii)
II Series - December 13, 2000 (iii)
(138,950)
(172,100)
Current volume of the plan
4,747,824
23
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
(i)
At a meeting held on December 7, 1999, the Administrative Council approved the issue of a further 3.4
billion shares to the stock option plan.
(ii)
At a meeting held on December 15, 1999, approval was given by the Administrative Council for an
increase in capital of R$ 7,503 thousand (138,950 thousand preferred shares), of which R$ 5,530 thousand
was paid up in 2000.
(iii) At a meeting held on December 13, 2000, approval was given by the Administrative Council for an
increase in capital of R$ 12,305 thousand (172,100 thousand preferred shares).
17 Financial Instruments
(a) General considerations
The use of instruments and transactions with derivatives involving interest rates is
designed to protect the results of the Company's asset and liability operations.
Operations are carried out through the intermediation of the financial operations area in
accordance with a strategy previously approved by the Board of Directors.
Management evaluates that the risks are minimum since there is no concentration of
counter-parties and operations are realized within approved limits with banks of
recognized solidness.
(b) Market value of the financial instruments
The market values of the main financial instruments are the same as their book values, as
presented below:
Thousands of reais
09.30.01
Financial investments
Loans and financings
06.30.01
Book
Market
Book
Market
507,086
1,553,975
507,086
1,553,975
351,281
1,253,152
351,281
1,253,152
24
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
04.01 - Notes to the Quarterly Information
The book values of financial investments do not differ from market values since they are
subject to the variation in the Interbank Deposit Certificate (CDI) index.
The Company entered into a swap contract for the purpose of exchanging the interest
rates of foreign currency loans - working capital for CDI indexed rates.
Market values were calculated based on the present value of these financial instruments,
considering the interest rate practiced in the market for risk operations with similar
terms.
(c) Concentration of risk credit
Sales financed by the Company are distributed among a large number of customers. The
Company manages risk credit through a strict credit qualification and concession
program.
Doubtful accounts are covered by a allowance to meet possible loss on realization.
25
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
05.01 - Comments on company performance
See comments on consolidated performance in ITR form 08/01
26
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
06.01 - BALANCE SHEET - CONSOLIDATED ASSETS (Thousands of reais)
1 - Code
2 – Description
1
1.1
1.1.1
1.1.1.1
1.1.1.2
1.1.2
1.1.2.1
1.1.2.2
1.1.2.3
1.1.2.4
1.1.2.5
1.1.2.6
1.1.3
1.1.4
1.1.4.1
1.2
1.2.1
1.2.1.1
1.2.1.2
1.2.1.3
1.2.1.4
1.2.2
1.2.2.1
1.2.2.2
1.2.2.3
1.2.2.3.1
1.2.3
1.3
1.3.1
1.3.1.1
1.3.1.2
1.3.1.3
1.3.2
1.3.2.1
1.3.2.2
1.3.2.3
1.3.2.4
1.3.2.5
1.3.2.6
1.3.2.7
1.3.2.8
1.3.2.9
1.3.3
1.3.3.1
1.3.3.2
1.3.3.3
Total assets
Current assets
Available funds
Cash and banks
Financial investments
Receivables
Trade accounts receivable
Customer credit financing
Allowance for doubtful accounts
Advances to suppliers and employees
Taxes recoverable
Other receivables
Inventories
Other
Prepaid expenses
Long-term receivables
Sundry receivables
Accounts receivable
Deferred income tax
Judicial deposits
Prepaid expenses
Receivables from related companies
Associated companies
Subsidiary companies
Other related companies
Current account with parent company
Other
Permanent assets
Investments
Associated companies
Subsidiary companies
Other
Property and equipment
Land
Buildings
Building improvements
Equipment
Installations
Furniture and fixtures
Vehicles
Constructions in progress
Other
Deferred charges
Goodwill
Exchange variance
Pre-operating expenses
3 - 09/30/2001
4 - 06/30/2001
6,338,231
2,224,171
581,799
74,713
507,086
1,036,634
518,258
336,447
(46,543)
72,438
85,507
70,527
587,520
18,218
18,218
322,137
319,364
168,428
71,186
78,090
1,660
2,773
0
0
2,773
2,773
0
3,791,923
113,563
0
112,783
780
2,861,885
683,526
1,096,281
470,752
314,190
139,786
41,654
9,608
97,478
8,610
816,475
632,314
26,867
157,294
27
6,083,532
2,051,123
407,026
55,745
351,281
1,057,730
488,558
381,952
(39,522)
84,643
69,449
72,650
570,003
16,364
16,364
299,277
299,277
159,009
64,513
73,750
2,005
0
0
0
0
0
0
3,733,132
108,923
0
108,143
780
2,776,457
671,649
1,021,869
450,944
315,058
143,128
38,669
10,685
115,841
8,614
847,752
652,038
31,344
164,370
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
06.02 - BALANCE SHEET - CONSOLIDATED LIABILITIES AND STOCKHOLDERS' EQUITY (Thousands of reais)
1 - Code
2
2.1
2.1.1
2.1.2
2.1.3
2.1.4
2.1.4.1
2.1.4.2
2.1.5
2.1.6
2.1.7
2.1.7.1
2.1.8
2.1.8.1
2.1.8.2
2.1.8.3
2.1.8.4
2.1.8.5
2.1.8.6
2.1.8.7
2.1.8.8
2.2
2.2.1
2.2.2
2.2.3
2.2.4
2.2.5
2.2.5.1
2.2.5.2
2.2.5.3
2.2.5.4
2.2.5.5
2.3
2.4
2.5
2.5.1
2.5.2
2.5.2.1
2.5.2.2
2.5.3
2.5.3.1
2.5.3.2
2.5.4
2.5.4.1
2.5.4.2
2.5.4.3
2.5.4.4
2.5.4.5
2.5.4.6
2.5.4.7
2.5.4.7.1
2.5.5
2 – Description
Total liabilities and stockholders' equity
Current liabilities
Loans and financings
Debentures
Suppliers
Taxes, charges and contributions
Taxes on sales
Taxes payable in installments
Dividends payable
Provisions
Payable to related companies
Current account with parent and subsidiary company
Other
Purchase of assets
Salaries and related contributions
Interest on own capital
Public services
Rents
Advertising
Insurance
Other accounts payable
Long-term liabilities
Loans and financings
Debentures
Provisions
Payable to related companies
Other
Income tax
Provision for contingencies
Purchase of assets
Taxes payable in installments
Capitalizable funds - interest on own capital
Deferred income
Minority interests
Stockholders` equity
Paid-up capital
Capital reserves
Fiscal incentives
Subscription bonus
Revaluation reserves
Own assets
Subsidiary/associated companies
Revenue reserves
Legal
Statutory
For contingencies
Unrealized profits
Retention of profits
Special for undistributed dividends
Other
Reserve for expansion
Retained earnings
28
3 - 09/30/2001
6,338,231
1,800,110
1,032,658
1,486
551,108
19,525
19,153
372
0
0
0
0
195,333
50,635
96,379
18,149
2,849
13,433
2,283
89
11,516
1,197,328
521,317
130,550
0
0
545,461
1,169
514,231
29,899
162
0
0
0
3,340,793
2,244,136
348,292
4,050
344,242
0
0
0
748,365
51,386
0
0
23,664
295,405
0
377,910
377,910
0
4 - 06/30/2001
6,083,532
1,582,220
747,155
7,065
542,978
14,767
14,396
371
0
0
52,352
52,352
217,903
73,005
94,365
18,149
2,855
13,083
3,005
640
12,801
1,202,416
505,997
128,518
0
0
567,901
1,972
526,416
39,324
189
0
0
0
3,298,896
2,244,136
348,292
4,050
344,242
0
0
0
706,468
51,386
0
0
23,664
253,508
0
377,910
377,910
0
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
07.01 –CONSOLIDATED STATEMENT OF INCOME (Thousands of reais)
1 – CODE
2 – DESCRIPTION
3.1
3.2
3.3
3.4
3.5
3.6
3.6.1
3.6.2
3.6.2.1
3.6.2.2
3.6.3
3.6.3.1
3.6.3.2
3.6.3.2.1
3.6.3.2.2
3.6.4
3.6.5
3.6.5.1
3.6.5.2
3.6.5.3
3.6.6
3.7
3.8
3.8.1
3.8.2
3.9
3.10
3.11
3.12
3.12.1
3.12.2
3.13
3.14
Gross sales and/or services
Deductions
Net sales and/or services
Cost of sales and/or services rendered
Gross profit
Operating (expenses) income
Selling
General and administrative
Administrative expenses
Restructuring costs
Financial
Financial income
Financial expenses
Exchange variance
Other
Other operating income
Other operating expenses
Other taxes and charges
Depreciation and amortization
Loss on investment in subsidiary company
Equity in the results of subsidiary companies
Operating profit
Non-operating results
Revenue
Expenses
Net income before taxation and profit sharing
Provision for income tax and social contribution
Deferred income tax
Statutory profit sharing and contributions
Profit sharing
Contributions
Reversal of interest on own capital
Minority interests
3 - 07/01/2001 to
09/30/2001
2,177,296
(335,243)
1,842,053
(1,314,014)
528,039
(485,959)
(311,379)
(67,904)
(67,904)
0
(13,024)
104,578
(117,602)
(4,477)
(113,125)
0
(99,177)
(11,452)
(87,725)
0
5,525
42,080
658
658
0
42,738
(841)
0
0
0
0
0
0
29
4 - 01/01/2001 to
09/30/2001
6,780,121
(1,052,612)
5,727,509
(4,132,475)
1,595,034
(1,442,033)
(926,886)
(219,258)
(212,219)
(7,039)
(30,263)
308,875
(339,138)
(13,431)
(325,707)
0
(271,151)
(35,229)
(235,922)
0
5,525
153,001
1,948
1,951
(3)
154,949
(19,862)
0
0
0
0
0
0
5 - 07/01/2000 to
09/30/2000
2,300,647
(364,178)
1,936,469
(1,410,160)
526,309
(420,906)
(293,890)
(74,496)
(74,496)
0
12,669
104,452
(91,873)
(4,477)
(87,396)
0
(65,189)
(9,051)
(56,138)
0
0
105,403
(1,194)
(1,195)
1
104,209
(10,362)
(3,605)
0
0
0
0
0
6 - 01/01/2000 to
09/30/2000
6,326,869
(991,414)
5,335,455
(3,880,931)
1,454,524
(1,245,932)
(825,185)
(223,005)
(223,005)
0
(16,060)
281,278
(297,338)
(13,431)
(283,907)
0
(181,682)
(32,772)
(148,910)
0
0
208,592
1,321
1,565
(244)
209,913
(5,181)
0
0
0
0
0
0
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
07.01 –CONSOLIDATED STATEMENT OF INCOME (Thousands of reais)
1 – CODE
2 – DESCRIPTION
3.15
Net income for the quarter/period
Number of shares, ex-treasury (in thousands)
Net income per share
3 - 07/01/2001 to
09/30/2001
41,897
112,496,409
0.00037
30
4 - 01/01/2001 to
09/30/2001
135,087
112,496,409
0.00120
5 - 07/01/2000 to
09/30/2000
90,242
107,198,267
0.00084
6 - 01/01/2000 to
09/30/2000
204,732
107,198,267
0.00191
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Comments on Sales Performance
Net sales reached
Consolidated net sales totaled R$1,842.1 million in the 3rd quarter of 2001 and R$5,727.5
R$1,842 million
million in the first nine months of the year, representing, respectively, a 4.9% decrease and a
7.3% growth compared to the same periods in 2000. Same stores sales decreased by 6.9% in the
third quarter and by 2.0% in the first nine months.
Sales in the third quarter were negatively affected by low consumer confidence level,
aggravated by the terrorist attacks in the United States.
Extra and Eletro
The electric energy rationing caused a decrease in sales of electronic products, affecting the
Divisions under the
Extra and Eletro Divisions. In the specific case of the hypermarkets, sales of food products in
impact of the adverse
economic scenario
general presented a good performance, but it was not enough to compensate for the retraction in
sales of electronics. The highlight of the quarter was the launch of the Extra private label card,
which represents an important tool to increase our customers’ loyalty and our knowledge about
consumption habits in hypermarkets. This card was designed to meet the needs of lower income
classes, since it requires a family income of only R$ 150. The card is a product of the
partnership with Fininvest (Unibanco Group) and, therefore, it does not represent an additional
credit risk for CBD.
Pão de Açúcar Division The Pão de Açúcar Division had the best performance within all the Company’s formats,
presents the best
quarterly performance
benefiting from its sales mix which focuses on food products (around 95%) and the fact that its
target customers are less susceptible to the adverse macro-economic scenario. We highlight the
beginning of the program of discounts focused on information obtained through the Pão de
Açúcar Mais relationship card. After 12 months accumulating information from about 60% of
the stores’ tickets, CBD initiated, pioneering in Brazil, a personalized discount program, by
means of which customers receive discounts on their preferred products which will certainly
have a positive impact in terms of customer loyalty and on the efficacy of market strategies.
31
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Re-launch of the
The Barateiro Division passed through a transition period in which the stores were prepared for
Barateiro format
the re-launch of the format at the beginning of October. We have directed our actions towards
the implementation of the ideal store model to meet the needs of the lower income population.
We highlight the following changes: complete review of the sales mix with an increase in the
assortment and a better balance between national brands, first price products and own brands;
improvement in the level of services, review of own brands line; renovation of the lay-out and
internal environment of all stores and the launch of the Clube Barateiro Card in partnership with
Fininvest (Unibanco Group).This card offers: a fidelity program to customers; services, such as
the payment of bills at checkouts (light, telephone, water, etc.); and credit for low income
families (minimal family income of R$ 150).
The Company is certain that the necessary adjustments have been put into practice and that
productivity gains will be noticed as from the next quarter.
32
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Evolution of net sales by division - Consolidated*
Variation 2001/2000 (%)
rd
Corporate legislation
quarter
Accumulated – 9 months
Same stores
All stores
Same stores
-0.3%
10.5%
1.2%
-9.3%
9.0%
-2.8%
-11.5%
-3.8%
-10.2%
-20.8%
2.4%
5.2%
-6.9%
7.3%
-2.0%
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
3
All stores
-1.3%
-2.6%
-14.1%
-22.5%
-4.9%
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
In constant purchase power (IPCA)
3rd quarter
Accumulated - 9 months
All stores
Same stores
All stores
Same stores
-7.4%
-6.5%
3.8%
-4.7%
-8.6%
-15.0%
2.3%
-8.6%
-19.5%
-17.0%
-9.6%
-15.8%
-27.3%
-25.7%
-3.6%
3.1%
-10.8%
-13.0%
0.8%
-7.7%
*The sales figures of same stores include only the stores that are at least 12 months in operation.
33
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Comments on the Results
Gross Margin
The gross margin of the quarter reached 28.7%, compared to 27.2% in the same period in
reaches 28.7%
2000, reflecting the higher participation of foods in the mix of products, instead of
electronic products which have a gross margin inferior to the average since part of the
gains are recorded as financial income. CBD estimates that this change in the mix
generated an increase of approximately one percentage point in the gross margin of the
quarter.
Efficiency gains allow We also increased our price competitivity, without deteriorating margin. This is a
margin gains
consequence of the restructuring process implemented during the first six-month period,
one of the main objectives being to focus on the commercial areas of the Company in
negotiations with suppliers. During the first nine months, the gross margin was of 27.8%
compared to 27.3% in the same period of 2000.
Reduction in
Operating expenses also reflected the changes occurred in the first half of the year,
operating expenses
mainly concerning the reduction in the number of employees. General and administrative
expenses totaled R$ 67.9 million, an amount less than the 2nd quarter of 2001 and the 3rd
quarter of 2000 - R$ 76.5 million and R$ 74.5 million, respectively
Selling expenses were impacted by R$ 15.0 million due to extraordinary marketing
expenses for the re-launch of the Barateiro format and the launch of the Extra card.
EBITDA margin of
8.1% in the quarter
In the third quarter, the profit before interest, taxes, depreciation and amortization
(EBITDA) totaled R$148.7 million, with an 8.1% margin. In the nine first months,
EBITDA accumulated R$449.0 million, representing a 7.8% margin, compared to,
respectively, R$406.3 million and 7.6% in the same periods in 2000.
34
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Depreciation/amortization included R$ 33.7 million for amortization of deferred charges,
of which R$ 20.4 million goodwill amortization and R$ 13.3 million amortization of preoperating expenses.
The pre-operating expenses capitalized during the period amounted to R$ 6.2 million.
Negative financial
Financial expenses totaled R$ 113.1 million compared to R$ 87.4 million in the same
result of R$ 13.0
quarter of 2000. The exchange variation expense of R$ 4.5 million refers to amortization
million
of part of the exchange loss deferred in the first quarter of 1999. Financial income totaled
R$ 104.6 million, at the same level of the 3rd quarter of 2000 (R$ 104.5 million),
generating a negative net financial result of R$ 13.0 million.
Net income of
In the third quarter of 2001, net income was of R$ 41.9 million, (R$ 0.37 per thousand
R$ 41.9 million
shares), compared to a net income of R$ 90.2 million (R$ 0.84 per thousand shares) in
the same period in 2000. In the fist nine-months of 2001, net income was of R$ 135.1
million (R$ 1.20 per thousand shares), compared to R$ 204.7 million (R$ 1.91 per
thousand shares) in the same period of 2000.
Inventory turnover
New advances were obtained in the administration of our working capital. For the second
improves once more
consecutive quarter, the inventory turnover improved from 43.1 days in the second
quarter to 39.6 days. This improvement is a result of increased efficiency in category
management and purchasing and the maturity of the investments in the distribution and
information technology areas.
Investments of
In the third quarter of 2001, investments totaled R$ 138.9 million (R$ 317.0 million in
R$ 138.9 million
the third quarter of 2000), accumulating R$ 369.3 million in 2001 (R$ 792.0 million in
2000). Of note are:
•
Inauguration of one Extra store and the construction of 2 hypermarkets to be
inaugurated during the fourth quarter;
•
Opening of 2 Barateiro stores, one Pão de Açúcar store and one Eletro store;
35
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
•
Refurbishment of 4 Pão de Açúcar supermarkets, 116 Barateiro supermarkets and 5
Eletro stores;
•
Conversion of 2 stores of the Pão de Açúcar format into the Barateiro format.
•
Beginning of the construction of 2 Pão de Açúcar stores to be inaugurated in the
fourth quarter.
Aiming at possible investment opportunities that may arise in the market, management
opted to work with higher cash compared to the position of the second quarter of 2001,
passing from R$ 407.0 million to R$ 581.8 million. This rise in cash explains the
increase in short-term borrowings, but did not alter net indebtedness significantly.
36
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Movement at stores by Division
06.30.00
Opened
Closed
Converted
09.30.00
Opened
Closed
Converted
12.31.00
Opened
Closed
Converted
03.31.00
Opened
Closed
Converted
06.30.01
Opened
Closed
Converted
09.30.01
Pão de
Açúcar
Extra
Eletro
Barateiro
CBD
188
1
(1)
188
1
(3)
186
(1)
185
1
(2)
184
1
(2)
(2)
181
46
4
50
3
53
53
53
1
(1)(*)
53
72
(1)
71
1
(6)
66
(2)
64
64
1
(3)
62
108
1
109
2
111
2
(2)
111
3
414
6
(2)
418
7
(9)
416
2
(5)
413
4
(2)
415
5
(8)
412
114
2
(2)
2
116
(*) To be reopened as Pão de Açúcar
37
Sales Area
(m2)
Number of
employees
750,063
46,478
788,336
48,498
815,291
50,106
811,696
49,350
808,161
48,035
813,246
46,642
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Net sales by division – Consolidated
In thousands of R$ – nominal (Corporate legislation)
JULY
2001
%
2000
%
Var.(%)
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
206,740
292,963
78,244
26,966
604,913
34.2%
48.4%
12.9%
4.5%
100.0%
214,097
306,013
94,781
33,705
648,596
33.0%
47.2%
14.6%
5.2%
100.0%
-3.4%
-4.3%
-17.4%
-20.0%
-6.7%
AUGUST
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
2001
219,936
290,635
81,130
27,099
618,800
%
35.5%
47.0%
13.1%
4.4%
100.0%
2000
218,767
303,585
92,874
34,985
650,211
%
33.6%
46.7%
14.3%
5.4%
100.0%
Var,(%)
0.5%
-4.3%
-12.6%
-22.5%
-4.8%
SEPTEMBER
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
2001
207,425
304,442
80,254
26,219
618,340
%
33.5%
49.2%
13.0%
4.2%
100.0%
2000
209,543
301,777
91,389
34,953
637,662
%
32.9%
47.3%
14.3%
5.5%
100.0%
Var,(%)
-1.0%
0.9%
-12.2%
-25.0%
-3.0%
3rd QUARTER
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
2001
634,101
888,040
239,628
80,284
1,842,053
%
34.4%
48.2%
13.0%
4.4%
100.0%
2000
642,407
911,374
279,044
103,644
1,936,469
%
33.2%
47.0%
14.4%
5.4%
100.0%
Var,(%)
-1.3%
-2.6%
-14.1%
-22.5%
-4.9%
9 MONTHS
2001
%
%
Var,(%)
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
1,937,197
2,787,111
728,106
275,095
5,727,509
33.8%
48.7%
12.7%
4.8%
100.0%
2000
1,752,502
2,557,820
756,564
268,569
5,335,455
38
32.8%
47.9%
14.2%
5.0%
100.0%
10.5%
9.0%
-3.8%
2.4%
7.3%
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Data per division on September 30, 2001
Pão de Açúcar
Extra
Barateiro
Eletro
Total stores
Management
#
Checkouts
2,248
2,673
1,285
193
#
Employees
14,081
17,210
5,374
1,292
6,399
37,957
2,559
Loss prevention (security)
2,991
Distribution Centers
3,135
CBD
6,399
46,642
39
#
Stores
181
53
116
62
Sales area
(m2)
221,265
420,407
129,935
41,639
412
813,246
412
813,246
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Productivity indices*
In R$- nominal (Corporate legislation)
Sales per m2/month
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
3Q/01
970
730
614
648
772
3Q/00
933
807
725
826
831
Var (%)
4.0%
-9.5%
-15.3%
-21.5%
-7.1%
9m/01
966
760
624
745
794
9m/00
969
790
712
727
823
Var (%)
-0.3%
-3.8%
-12.4%
2.5%
-3.5%
3Q/01
14,924
16,790
14,914
20,095
15,955
3Q/00
14,232
17,643
16,309
23,334
16,361
Var (%)
4.9%
-4.8%
-8.6%
-13.9%
-2.5%
9m/01
14,985
17,380
15,034
21,662
16,327
9m/00
15,227
17,444
16,306
19,589
16,531
Var (%)
-1.6%
-0.4%
-7.8%
10.6%
-1.2%
3Q/01
16.9
34.4
11.3
249.1
21.7
3Q/00
16.3
37.1
11.7
245.8
22.0
Var (%)
3.7%
-7.3%
-3.4%
1.3%
-1.4%
9m/01
17.0
35.2
11.4
235.0
22.2
9m/00
16.9
36.4
12.0
223.2
22.4
Var (%)
0.6%
-3.3%
-5.0%
5.3%
-0.9%
3Q/00
85,974
118,817
73,888
193,154
99,493
Var (%)
9.7%
-7.2%
-16.0%
-27.2%
-3.6%
9m/01
92,472
113,150
63,055
175,671
97,524
9m/00
89,933
115,793
74,551
164,920
99,838
Var (%)
2.8%
-2.3%
-15.4%
6.5%
-2.3%
Sales per employee/ month
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
Average ticket
Pão de Açúcar
Extra
Barateiro
Eletro
CBD
Sales per checkout/month
3Q/01
Pão de Açúcar
94,286
Extra
110,312
Barateiro
62,079
Eletro
140,637
CBD
95,903
* Data on sales area, employees and checkouts were calculated based on average amounts proportional to the period in which stores
were opened.
40
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
08.01 – COMMENTS ON CONSOLIDATED PERFORMANCE
Sales composition (% of net sales)
Cash
Credit card
Food voucher
Installments
Postdated checks
Credit
2000
53.9%
26.9%
6.2%
13.0%
6.8%
6.2%
1st Q/01
53.7%
28.0%
6.1%
12.2%
6.3%
5.9%
2nd Q/01
53.5%
28.7%
6.2%
11.6%
6.7%
4.9%
41
Jul/01
53.9%
28.6%
6.4%
11.1%
6.3%
4.8%
Aug/01
53.9%
29.3%
6.2%
10.6%
6.3%
4.3%
Sept/01
53.5%
29.7%
6.5%
10.3%
6.2%
4.1%
3rd Q/01
53.8%
29.2%
6.4%
10.6%
6.3%
4.3%
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 – COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
09.01 – INVESTMENTS IN SUBSIDIARY AND/OR ASSOCIATED COMPANIES
1 - ITEM
2 – SUBSIDIARY/ASSOCIATED COMPANY NAME
7 - TYPE OF COMPANY
01
NOVASOC COMERCIAL LTDA
3 - NATIONAL CORPORATE TAXPAYERS'
REGISTRATION-CNPJ
4 - SHARE CONTROL NATURE
5 - % OWNERSHIP 6 - % OF
OF THE INVESTEE INVESTOR'S
STOCKHOLDERS'
EQUITY
9 - NUMBER OF SHARES - PRIOR QUARTER
(thousand)
8 - NUMBER OF SHARES - CURRENT QUARTER
(thousand)
03.139.761/0001-17
COMMERCIAL, INDUSTRIAL AND OTHER
PRIVATE ASSOCIATED COMPANY
1
42
10.00
1.04
1
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
10.01 – CHARACTERISTICS OF PUBLIC OR PRIVATE DEBENTURE ISSUES
1 – Item
01
2nd
2 - Issue order number
3 - Registration number at CVM
SEP/GER/DCA-98/0013
4 - Registration date at CVM
08/17/1998
5 - Issued series
1
6 – Type
Convertible
7 – Nature
Public
8 - Issue date
07/01/1998
9 - Due date
07/01/2003
10 - Type of debenture
Subordinated
11 - Remuneration conditions prevailing
IGP-M + 13% p.a.
12 - Premium/discount
18.77%
13 - Nominal value (reais)
1,448.50
14 - Issued amount (R$ thousand)
1,786
15 - Number of debentures issued (units)
175,000
16 - Outstanding debentures (units)
1,233
17 - Treasury debentures (units)
0
18 - Redeemed debentures (units)
617
19 - Converted debentures (units)
173,150
20 - Debentures to be placed (units)
0
21 - Date of last renegotiation
22 - Date of next event
10/01/2001
43
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
10.01 – CHARACTERISTICS OF PUBLIC OR PRIVATE DEBENTURE ISSUES
1 – Item
02
2nd
2 - Issue order number
3 - Registration number at CVM
SEP/GER/DEB-98/0060
4 - Registration date at CVM
08/17/1998
5 - Issued series
2
6 – Type
Simple
7 – Nature
Public
8 - Issue date
07/01/1998
9 - Due date
07/01/2003
10 - Type of debenture
Subordinated
11 - Remuneration conditions prevailing
IGP-M + 13% p.a.
12 - Premium/discount
18.77%
13 - Nominal value (reais)
1,463.81
14 - Issued amount (R$ thousand)
24,409
15 - Number of debentures issued (units)
25,000
16 - Outstanding debentures (units)
16,675
17 - Treasury debentures (units)
0
18 - Redeemed debentures (units)
8,325
19 - Converted debentures (units)
0
20 - Debentures to be placed (units)
0
21 - Date of last renegotiation
22 - Date of next event
10/01/2001
44
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
10.01 – CHARACTERISTICS OF PUBLIC OR PRIVATE DEBENTURE ISSUES
1 – Item
03
4th
2 - Issue order number
3 - Registration number at CVM
4 - Registration date at CVM
5 - Issued series
1
6 – Type
Convertible
7 – Nature
Private
8 - Issue date
09/01/2000
9 - Due date
08/31/2005
10 - Type of debenture
Floating
11 - Remuneration conditions prevailing
TJLP + 3.5% p.a.
12 - Premium/discount
22.55%
13 - Nominal value (reais)
1,059.38
14 - Issued amount (R$ thousand)
105,841
15 - Number of debentures issued (units)
100,000
16 - Outstanding debentures (units)
99,908
17 - Treasury debentures (units)
0
18 - Redeemed debentures (units)
0
19 - Converted debentures (units)
92
20 - Debentures to be placed (units)
0
21 - Date of last renegotiation
22 - Date of next event
10/01/2001
45
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
16.01 – Other significant information
On August 9, 1999, Companhia Brasileira de Distribuição signed a stockholders’ agreement involving its
main controlling companies and Segisor ("Cassino"). The content of the main items of this agreement was
included in the Report on Annual Information (IAN) 2000, represented on September 18, 2001.
46
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
Corporate Legislation
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
17.01 – UNQUALIFIED REPORT ON THE LIMITED REVIEW
October 29, 2001
To the Board of Directors and Stockholders
Companhia Brasileira de Distribuição
1
We have carried out limited reviews of the Quarterly Information - ITR of Companhia Brasileira de
Distribuição for the quarters and nine-month periods ended September 30, 2001 and 2000 and for the
quarter ended June 30, 2001. This information is the responsibility of the Company's management.
2
Our reviews were carried out in accordance with the specific standards established by the Institute of
Independent Auditors of Brazil (IBRACON) in conjunction with the Federal Accounting Council (CFC)
and mainly comprised: (a) inquiry of and discussion with management responsible for the accounting,
financial and operational areas of the Company with regard to the main criteria adopted for the
preparation of the quarterly information and (b) a review of the relevant information and of the
subsequent events which have, or could have, significant effects on the Company's financial position
and operations.
3
Based on our limited reviews we are not aware of any significant adjustments which should be made to
the quarterly information referred to above in order that such information be stated in conformity with
the accounting principles determined by Brazilian corporate legislation and with the standards of the
Brazilian Securities Commission (CVM), specifically applicable to the preparation of quarterly
information.
PricewaterhouseCoopers
Auditores Independentes
CRC 2SP000160/O-5
Henrique Luz
Partner
Contador CRC 1RJ045789/T-2 "T" SP 002332
47
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
18.01 – STATEMENT OF INCOME OF SUBSIDIARY/ASSOCIATED COMPANY (Thousands of reais)
Subsidiary/Associated company: NOVASOC COMERCIAL LTDA.
1 - CODE
3.1
3.2
3.3
3.4
3.5
3.6
3.6.1
3.6.2
3.6.3
3.6.3.1
3.6.3.2
3.6.4
3.6.5
3.6.5.1
3.6.5.2
3.6.6
3.7
3.8
3.8.1
3.8.2
3.9
3.10
3.11
3.12
3.12.1
3.12.2
3.13
3.15
2 - DESCRIPTION
Gross sales and/or services rendered
Deductions
Net sales and/or services rendered
Cost of sales and/or services rendered
Gross profit
Operating (expenses) income
Selling
General and administrative
Financial
Financial income
Financial expenses
Other operating income
Other operating expenses
Other taxes and charges
Depreciation and amortization
Equity in the results of subsidiary companies
Operating loss
Non-operating results
Income
Expenses
Loss before taxation and profit sharing
Provision for income tax and social contribution
Deferred income tax
Statutory profit sharing and contributions
Profit sharing
Contributions
Reversal of interest on own capital
Loss for the quarter/period
Number of shares, ex-treasury (thousand)
3 - 07/01/2001 to 09/30/2001
213,981
(31,607)
182,374
(125,347)
57,027
(72,408)
(37,516)
(8,580)
(19,590)
8,069
(27,659)
0
(6,722)
(1,228)
(5,494)
0
(15,381)
1
(2)
3
(15,380)
0
5,239
0
0
0
0
(10,141)
1
48
4 - 01/01/2001 to 09/30/2001
657,729
(98,005)
559,724
(398,117)
161,607
(213,609)
(111,263)
(26,853)
(56,421)
20,717
(77,138)
0
(19,072)
(3,929)
(15,143)
0
(52,002)
(345)
0
(345)
(52,347)
0
17,593
0
0
0
0
(34,754)
1
5 - 07/01/2000 to 09/30/2000
221,220
(33,778)
187,442
(138,132)
49,310
(55,672)
(33,003)
(7,423)
(10,653)
11,359
(22,012)
0
(4,593)
(42)
(4,551)
0
(6,362)
0
0
0
(6,362)
9,576
(9,434)
0
0
0
0
(6,220)
1
6 - 01/01/2000 to 09/30/2001
658,309
(100,572)
557,737
(415,928)
141,809
(184,900)
(101,215)
(23,538)
(43,909)
18,566
(62,475)
0
(16,238)
(3,487)
(12,751)
0
(43,091)
67
67
0
(43,024)
14,757
0
0
0
0
0
(28,267)
1
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 – IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
18.01 – STATEMENT OF INCOME OF SUBSIDIARY/ASSOCIATED COMPANY (Thousands of reais)
Subsidiary/Associated company: NOVASOC COMERCIAL LTDA.
1 - CODE
2 - DESCRIPTION
Net income per share
Loss per share
3 - 07/01/2001 to 09/30/2001
(10,141.00000)
49
4 - 01/01/2001 to 09/30/2001
(34,754.00000)
5 - 07/01/2000 to 09/30/2000
6,220.00000
6 - 01/01/2000 to 09/30/2001
28,267.00000
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
18.02 – COMMENTS ON SUBSIDIARY/ASSOCIATED COMPANY PERFORMANCE
Subsidiary/associated company: NOVASOC COMERCIAL LTDA.
See comments on consolidated performance in Item 08.01.
50
(A free translation of the original in Portuguese)
FEDERAL GOVERNMENT SERVICE
BRAZILIAN SECURITIES COMMISSION (CVM)
QUARTERLY INFORMATION – ITR
COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES
Corporate Legislation
September 30, 2001
01.01 - IDENTIFICATION
1 – CVM CODE
01482-6
2 - COMPANY NAME
COMPANHIA BRASILEIRA DE DISTRIBUIÇÃO
3 – Federal Corporate Taxpayers' Registration Number - CNPJ
47.508.411/0001-56
INDEX
Group
01
01
01
01
01
01
01
01
01
01
02
02
03
04
05
06
06
07
08
09
10
16
17
ITR
01
02
03
04
05
06
07
08
09
10
01
02
01
01
01
01
02
01
01
01
01
01
01
18
18
01
02
Description
Identification
Head office
Investor relations officer (Company mail address)
General Information/Independent Accountant
Capital composition
Characteristics of the company
Companies excluded from the consolidated financial statements
Dividends approved and/or paid during and after the quarter
Subscribed capital and alterations in the current year
Investors relations officer
Balance sheet –assets
Balance sheet - liabilities and stockholders` equity
Statement of income
Notes to the quarterly information
Comments on company performance
Balance sheet - consolidated assets
Balance sheet - consolidated liabilities and stockholders' equity
Consolidated statement of income
Comments on consolidated performance
Investments in subsidiary and/or associated companies
Characteristics of public or private debenture issues
Other significant information
Unqualified report on the limited review
NOVASOC COMERCIAL LTDA.
Statement of income of subsidiary/associated company
Comments on subsidiary/associated company performance
51
Page
1
1
1
1
2
2
2
2
3
3
4
5
6
7
26
27
28
29
31
42
43
46
47
48
50