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 January 9, 2004. The document serves as a notice to shareholders regarding the payment of Interest on Own Capital for the period of November and December 2003. SABESP is a publicly held company based in São Paulo, Brazil, operating in the basic sanitation sector.
Key Financial Metrics
The filing discloses specific dividend-related figures but does not provide comprehensive financial statements such as total revenue, net profit, operating cash flow, margins, debt levels, or liquidity ratios for the reporting period.
- Total Interest on Own Capital Declared: R$ 190,813,171.44
- Per Share Amount: R$ 6.70 per thousand common shares
- Payment Deadline: No later than 60 days after the 2004 Annual Shareholders' Meeting
- Record Date: January 19, 2004
- Ex-Dividend Date: January 20, 2004
Material Changes
The filing does not contain comparative financial data or a discussion of material changes in revenue, profit, or operational metrics versus prior periods. The primary material event reported is the declaration of Interest on Own Capital in substitution for dividends referring to October 2003, which are computed toward the mandatory minimum dividend requirement.
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. No specific quantitative guidance or outlook for future earnings or cash flows is provided in this text.
Withholding Tax: Income tax will be withheld from payments unless shareholders prove exempt status by January 30, 2004.
Investor Verification Checklist
- Verify the exact date of the 2004 Annual Shareholders' Meeting to calculate the final payment deadline (60 days post-meeting).
- Confirm if the shareholder's banking information and tax ID (CPF/CNPJ) are up to date with Banco Itaú S.A. to avoid payment delays.
- Check the company's 20-F annual report for full financial statements, as this 6-K only covers the dividend declaration.
- Review the specific tax exemption requirements to avoid withholding tax deductions if applicable.