Business Context and Reporting Period
This Form 6-K filing by Companhia de Saneamento Básico do Estado de São Paulo - SABESP is dated January 27, 2006. The document serves as a rectification notice to shareholders regarding a previous announcement made on June 24, 2005, concerning the payment of interest on own capital for the second quarter of 2005.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed relates to the correction of a shareholder distribution:
- Total Interest on Own Capital: R$ 66,800,000.00 (Sixty-six million and eight hundred thousand reais).
- Corrected Distribution Rate: R$ 2.3455404 per thousand common shares.
- Reference Date for Shareholders: July 6, 2005.
Material Changes Versus Prior Period
The material change disclosed is a correction of the per-share distribution amount previously reported. The June 24, 2005 notice incorrectly stated the rate as R$ 2.35 per thousand shares due to rounding. This filing clarifies that the precise rate is R$ 2.3455404 per thousand shares. No other operational or financial changes are reported in this document.
Guidance, Outlook, and Risks
The filing includes a standard forward-looking statements disclaimer. It notes that any statements regarding future dividends, operating strategies, capital expenditure plans, or financial conditions are based on management's current estimates and are subject to risks and uncertainties. There is no specific guidance or outlook provided for the 2006 fiscal year in this text.
Key Facts for Investor Verification
- Verify the corrected interest on own capital payment rate of R$ 2.3455404 per thousand shares for the Q2 2005 period.
- Confirm the total payout amount of R$ 66,800,000.00.
- Note that the filing does not contain updated financial performance data for the period ending March 31, 2006, or the full year 2005.
- Contact Banco Itaú S.A. branches for specific shareholder inquiries regarding this payment.