Consolidated Statement of Comprehensive Income


Year Ended December 31, 2010 and 2009

(In Millions of Reais, Except per Share Information)

  Note 12/31/2010 12/31/2009
Net Income 5,013 4,749
Available-for-Sale Financial Assets 56 243
Change in Fair Value
92 405
Tax Effect
(36) (162)
Foreign Exchange Variation in Investments Abroad (93) (294)
Cash Flow Hedge (25) 51
Change in Fair Value
(42) 85
Tax Effect
17 (34)
Total Comprehensive Income 4,951 4,749
Comprehensive Income Attributable to Owners of Parent Company
4,355 4,362
Comprehensive Income Attributable to Non-Controlling Interests
596 387
The accompanying notes are an integral part of these consolidated financial statements.

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