Statement of Changes in Stockholders' Equity ( Note 21)


Period Ended December 31, 2010 and 2009

(In Millions of Reais)

  Attributed to owners of parent company
Capital Treasury shares Additional paid-in capital Appropriated reserves – Capital and Revenue Unappropriate reserves
Balance at 01/01/2009 10,000 (46) 12,510
Transactions with Owners          
Purchase of Treasury Shares   (15)
(-) Cancellation of Treasury Shares   46 (46)
Purchase of Non-Controlling Interests in Redecard   (179)
Effect of the Purchase by the Subsidiary Duratex of the Control over Satipel 192
Subscription of Shares 450
Capitalization of Reserves 2,550 (2,550)
Granting of Stock Options – Expenses Recognized for the Year 42
Dividends and Interest on Capital
Dividend – Amount to Be Proposed in Addition to the Minimum Mandatory
Dividends Paid to Non-Controlling Interests
Change in Non-Controlling Interests
Other (218)
Total Comprehensive Income
Net Income
Other Comprehensive Income for the Year
Appropriations: :
Legal Reserve 145
Statutory Reserves 1,573
Balance at 12/31/2009 13,000 (15) 12 11,456
Balance at 01/01/2010 13,000 (15) 12 11,456
Transactions with Owners
Subscription of Shares 266
(-) Cancellation of Treasury Shares 15 (15)
Change in Non-Controlling Interests
Granting of Stock Options – Expenses Recognized for the Year 48
Dividends and Interest on Capital
Dividend – Amount to Be Proposed in Addition to the Minimum Mandatory
Dividend – Amount in Addition to the Minimum Mandatory for Prior Years
Dividends Paid to Non-Controlling Interests
Change in Non-Controlling Interests
Other
Total Comprehensive Income
Net Income
Other Comprehensive Income for the Year
Appropriations:
Legal Reserve 221
Unappropriated Reserves 974
 
Balance at 12/31/2010 13,266 (0) 12 11,710 974


  Attributed to owners of parent company
Proposal for distribution of additional dividends Retained earnings Comprehensive income
Available for sale Cumulative translation adjustments Gains and losses – Cash flow
Balance at 01/01/2009 (3,061) 3 (47)
Transactions with Owners          
Purchase of Treasury Shares
(-) Cancellation of Treasury Shares
Purchase of Non-Controlling Interests in Redecard
Effect of the Purchase by the Subsidiary Duratex of the Control over Satipel
Subscription of Shares
Capitalization of Reserves
Granting of Stock Options – Expenses Recognized for the Year
Dividends and Interest on Capital (1,026)
Dividend – Amount to Be Proposed in Addition to the Minimum Mandatory 380 (380)
Dividends Paid to Non-Controlling Interests
Change in Non-Controlling Interests
Other 223
Total Comprehensive Income
Net Income 4,362
Other Comprehensive Income for the Year 243 (294) 51
Appropriations:
Legal Reserve (145)
Unappropriated Reserves (1,573)
 
Balance at 31/12/2009 380 (1,601) 246 (294) 5
Balance at 01/01/2010 380 (1,601) 246 (294) 5
Transactions with Owners
Subscription of Shares
(-) Cancellation of Treasury Shares
Change in Non-Controlling Interests
Granting of Stock Options – Expenses Recognized for the Year
Dividends and Interest on Capital (1,192)
Dividend – Amount to Be Proposed in Addition to the Minimum Mandatory 445 (445)
Dividend – Amount in Addition to the Minimum Mandatory for Prior Years (380)
Dividends Paid to Non-Controlling Interests
Change in Non-Controlling Interests
Other 16
Total Comprehensive Income
Net Income 4,417
Other Comprehensive Income for the Year 56 (93) (25)
Appropriations:
Legal Reserve (221)
Unappropriated Reserves (974)
 
Balance at 12/31/2010 445 0 302 (387) (20)


 
Total stockholders’ equity – owners of the parent company Total stockholders’ equity – non-controlling interests Total
    
Balance at 01/01/2009 19,359 1,539 20,899
Transactions with Owners   
Purchase of Treasury Shares (15)    (15)
(-) Cancellation of Treasury Shares (0)    (0)
Purchase of Non-Controlling Interests in Redecard (179) (12) (191)
Effect of the Purchase by the Subsidiary Duratex of the Control over Satipel 192 854 1,046
Subscription of Shares 450    450
Capitalization of Reserves   
Granting of Stock Options – Expenses Recognized for the Year 42    42
Dividends and Interest on Capital (1,026)    (1,026)
Dividend – Amount to Be Proposed in Addition to the Minimum Mandatory   
Dividends Paid to Non-Controlling Interests (166) (166)
Change in Non-Controlling Interests   
Other 5 47 52
Total Comprehensive Income   
Net Income 4,362 387 4,749
Other Comprehensive Income for the Year 1      1
Appropriations:     
Legal Reserve     
Unappropriated Reserves     
     
Balance at 31/12/2009 23,189 2,649 25,838
Balance at 01/01/2010 23,189 2,649 25,838
Transactions with Owners   
Subscription of Shares 266    266
(-) Cancellation of Treasury Shares   
Change in Non-Controlling Interests (49)   
Granting of Stock Options – Expenses Recognized for the Year 48    48
Dividends and Interest on Capital (1,192)      (1,192)
Dividend – Amount to Be Proposed in Addition to the Minimum Mandatory   
Dividend – Amount in Addition to the Minimum Mandatory for Prior Years (380)    (380)
Dividends Paid to Non-Controlling Interests (372)   
Change in Non-Controlling Interests  
Other 16 53 69
Total Comprehensive Income  
Net Income 4,417 596 5,013
Other Comprehensive Income for the Year (62)    (62)
Appropriations:   
Legal Reserve   
Unappropriated Reserves   
     
Balance at 12/31/2010 26,302 2,877 29,179
The accompanying notes are an integral part of these financial statements.


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