Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bank Bradesco) covers the month of October 2006. The document serves as a "Calendar of Corporate Events - 2006," detailing the schedule for financial reporting, shareholder meetings, and dividend distributions for the fiscal year 2006 and the prior fiscal year 2005. The registrant is a foreign private issuer based in Osasco, Brazil, filing under Rule 13a-16.
Key Financial Metrics
The filing does not provide current period revenue, profit, cash flow, margins, debt, or liquidity metrics for 2006. Instead, it details specific profit allocation events for the fiscal year ended December 31, 2005:
- Monthly Interests on Own Capital (2005): Total amount of R$ 339,554,458.79. Per share values were R$ 0.057000 (common) and R$ 0.062700 (preferred).
- Intermediary Interests on Own Capital (1st Half 2005): Total amount of R$ 293,706,480.66. Per share values were R$ 0.57000 (common) and R$ 0.62700 (preferred).
- Complementary Interests on Own Capital (Fiscal Year 2005): Total amount of R$ 903,739,060.55. Per share values were R$ 1.755955872 (common) and R$ 1.931551459 (preferred).
- Dividends (2005): Total amount of R$ 344,000,000.00. Per share values were R$ 0.334530926 (common) and R$ 0.367984019 (preferred).
Note: The filing states that dividends and interests on own capital related to 2005 were not proposed to the Annual Stockholders' Meeting on March 27, 2006, as they had already been declared and paid.
Material Changes and Corporate Events
The document outlines the timeline for significant corporate governance and reporting activities throughout 2006:
- Financial Reporting: Annual financial statements for 2005 were forwarded to regulators and stock exchanges on February 22, 2006. Quarterly reports (ITR) for Q1, Q2, and Q3 2006 were filed on May 8, August 7, and November 6, 2006, respectively.
- Shareholder Meetings: The Special and Annual Stockholders' Meetings were held on March 27, 2006. A subsequent Special Stockholders' Meeting was held on October 5, 2006.
- Dividend Payments: Monthly interests on own capital were scheduled for payment throughout 2006 and into early 2007, with record dates and payment dates listed for each month.
Guidance, Outlook, and Risks
The filing includes a standard "Forward-Looking Statements" disclaimer. It notes that statements regarding future economic circumstances, industry conditions, company performance, dividend declarations, and capital expenditure plans are based on management's current views and estimates. The document explicitly states that there is no guarantee that expected events or trends will occur and that actual results may differ materially due to risks and uncertainties, including general economic and market conditions.
Important Facts for Investor Verification
- Verify the actual financial performance for 2006 in the separate Quarterly Consolidated Financial Statements filed on May 8, August 7, and November 6, 2006, as this Form 6-K does not contain 2006 operating results.
- Confirm the total return to shareholders for 2005 by aggregating the monthly interests, intermediary interests, complementary interests, and dividends listed in the filing.
- Check the minutes of the Special Stockholders' Meeting held on October 5, 2006, for details on resolutions passed during that event.
- Review the "Silence Period" dates listed in the filing to understand when the company restricted public commentary prior to earnings disclosures.