Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) relates to a Board of Directors meeting held on December 6, 2004. The report announces the approval of Complementary Interest on Own Capital for the fiscal year ending December 31, 2004.
Key Financial Metrics
The filing details specific capital remuneration figures rather than general operating metrics like revenue or net income.
- Total Interest on Own Capital (2004): R$1,325,000,993.32
- Complementary Interest (2004): R$903,038,999.96
- Per Share Payouts (Gross): R$5.439542815 per Common Stock; R$5.983497096 per Preferred Stock.
- Per Share Payouts (Net): R$4.623611393 per Common Stock; R$5.085972532 per Preferred Stock (after 15% withholding tax for individuals).
- Payment Date: February 15, 2005.
The filing text does not provide clear values for total revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The document does not provide comparative financial data for the prior period to assess material changes in operating performance. It notes that the complementary interest represents approximately 39 times the monthly paid interest.
Guidance, Outlook, and Risks
Capital Policy: Bradesco's policy aims to distribute Interest on Own Capital in the maximum amount allowed by current legislation. These amounts are included, net of withholding tax, in the calculation of mandatory dividends per the Company's By-Laws.
Risks and Forward-Looking Statements: The filing includes standard disclaimers that forward-looking statements regarding future economic circumstances, industry conditions, and company performance are subject to risks and uncertainties. There is no guarantee that expected events or trends will occur.
Investor Verification Checklist
- Verify the record date for stockholders eligible for the payout (December 6, 2004).
- Confirm the net payout amount applicable to your specific tax status (individual vs. corporate entity).
- Check the settlement date of February 15, 2005, for fund availability.
- Review the Company's By-Laws regarding how Interest on Own Capital counts toward mandatory dividend requirements.