Business Context and Reporting Period
This Form 6-K filing by Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SABESP) was submitted on April 29, 2005. The document serves as a notice to shareholders regarding the declaration of Interest on Own Capital (IOFC) for the first quarter of 2005, approved by the Board of Directors on April 28, 2005.
Key Financial Metrics
- Dividend Declaration (Interest on Own Capital): R$38,200,000.00 (Thirty-eight million and two hundred thousand reais).
- Per Share Amount: R$1.34131202 per thousand common shares.
- Reference Date: May 9, 2005.
- Ex-Interest Date: May 10, 2005.
- Payment Terms: Payment will be made no later than 60 days after the 2006 Annual Shareholders' Meeting.
- Taxation: Withholding Income Tax applies per current legislation, with exemptions available for qualifying shareholders who submit documentation by September 30, 2005.
The filing does not provide data on revenue, profit, cash flow, margins, debt, or liquidity for the period.
Material Changes
The filing does not contain comparative financial data or material changes in operating results versus prior periods. The primary material event is the specific declaration of the R$38.2 million IOFC distribution.
Guidance, Outlook, and Risks
The document includes a standard Forward-Looking Statements disclaimer. Management notes that statements regarding future operations, financial condition, liquidity, and dividend payments are based on current estimates and are subject to risks and uncertainties. There is no guarantee that expected events or trends will occur. The filing does not provide specific operational guidance or detailed risk factors beyond this general disclaimer.
Investor Verification Checklist
- Verify the exact payment date, which is contingent on the timing of the 2006 Annual Shareholders' Meeting.
- Confirm if the shareholder qualifies for tax exemption and ensure documentation is submitted to the company by September 30, 2005.
- Ensure banking instructions (bank, branch, and account number) and Taxpayer Identification Numbers (CPF/CNPJ) are up to date with Banco Itaú S.A. to avoid payment delays.
- Note that the declared amount counts toward the mandatory minimum dividend requirement under the company's Bylaws.