SEC Filing Summary: Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Business Context and Reporting Period
This Form 6-K filing, dated August 13, 2007, reports a material fact regarding a tariff adjustment for Companhia de Saneamento Básico do Estado de São Paulo - SABESP, a publicly held utility company in Brazil. The filing announces adjustments to water supply and sewage collection service tariffs effective September 10, 2007.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the period. The primary financial metric disclosed is the calculated tariff adjustment percentage based on a regulatory formula covering the period from July 2006 to June 2007.
Material Changes
- Tariff Adjustment: Water supply and sewage collection tariffs are adjusted by 4.12% based on a formula incorporating cost variations (electric power, treatment supplies, taxes) and billed volumes.
- Non-Residential Exception: Tariffs for non-residential categories with consumption larger than 20m³ are adjusted by 3.74%, aligned with the IPCA (Brazilian Wide Ranging Consumer Price Index) accumulated between August 2006 and July 2007.
- Regulatory Compliance: The adjustment follows Article 28 of the Tariff System Regulation (State Decree #41,446) and aligns with national guidelines under Law #11,445/07 regarding the disclosure of adjusted tariffs 30 days prior to effectiveness.
Guidance, Outlook, and Risks
The filing includes standard forward-looking statements regarding management's estimates of future economic circumstances, industry conditions, and company performance. It explicitly states that actual results may differ materially from expectations due to risks including general economic conditions, industry conditions, and operating factors. No specific financial guidance or capital expenditure plans are detailed in this document.
Investor Verification Checklist
- Verify the effective date of the new tariffs (September 10, 2007) against customer billing cycles.
- Confirm the specific impact of the 4.12% vs. 3.74% adjustment rates on the company's revenue mix based on residential versus non-residential consumption volumes.
- Review the detailed tariff tables available on the company website (www.sabesp.com.br) and the Official Gazette of the State of São Paulo.
- Monitor subsequent quarterly financial reports (ITR) to assess the realized revenue impact of this adjustment.