Individual Statement of Income


Years ended December 31, 2010 and 2009

(In Millions of Reais, Except per Share Information)

  Note 01/01 to 12/31/2010 01/01 to 12/31/2009
Operating Income (Net) 4.663 4.585
Net Gain from Financial Assets
41 141
Share of Income
14 4.465 4.369
Other Operating Income
157 75
Operating Expenses (424) (179)
General and Administrative Expenses
(51) (42)
Other Operating Expenses
(167) (135)
Financial Expense
(206) (2)
Net Income Before Income Tax and Social Contribution 4.239 4.406
Income Tax and Social Contribution 178 (43)
Income Tax and Social Contribution – Current
1 (4)
Income Tax and Social Contribution – Deferred
177 (39)
Net Income 4.417 4.362
Earnings per Share – Basic/Diluted
Common
26 1,01 1,03
Preferred
26 1,01 1,03
Weighted Average Number of Shares Oustanding – Basic/Diluted
Common
26 1.676.313.114 1.620.340.077
Preferred
26 2.686.114.746 2.597.394.834
The accompanying notes are an integral part of these financial statements.


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