SEC Filing Summary: Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Business Context and Reporting Period
This Form 6-K filing by Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SABESP), a publicly held Brazilian water and sanitation utility, was submitted on December 20, 2004. The document serves as a notice to shareholders regarding a corporate action approved by the Board of Directors on December 16, 2004.
Key Financial Metrics
The filing discloses a specific distribution to shareholders rather than comprehensive financial statements for the period.
- Interest on Own Capital (Dividends): R$85,438,733.00 (Eighty-five million, four hundred thirty-eight thousand, seven hundred thirty-three reais).
- Per Share Amount: R$3.00 per thousand common shares.
- Reference Period: November 2004.
- Record Date: December 29, 2004.
- Payment Terms: Payment to be made no later than 60 days after the 2005 Annual Shareholders' Meeting.
The filing text does not provide clear values for total revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the reporting period.
Material Changes
The filing does not contain comparative financial data or a discussion of material changes in operating results versus prior periods. The primary material event is the declaration of Interest on Own Capital, which will be computed in the calculation of the mandatory minimum dividends pursuant to the Company's Bylaws and Law 9249/95.
Guidance, Outlook, and Risks
The document includes a standard Forward-Looking Statements disclaimer. Management notes that statements regarding future operations, financial condition, liquidity, and capital expenditure plans are based on current estimates and are subject to risks and uncertainties, including general economic and market conditions. No specific quantitative guidance or outlook for future periods is provided in this text.
Investor Verification Checklist
- Verify the exact date of the 2005 Annual Shareholders' Meeting to determine the final payment deadline (60 days post-meeting).
- Confirm tax exemption status with the Company by April 29, 2005, to avoid withholding income tax on the distribution.
- Ensure banking instructions and Taxpayer Identification Numbers (CPF/CNPJ) are updated with Banco Itaú S.A. to avoid delays in credit availability.
- Review the Company's 20-F annual report for full financial statements, as this 6-K only covers the dividend declaration.