SEC Filing Summary: Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Business Context and Reporting Period
This Form 6-K filing, dated October 19, 2007, serves as a notice to shareholders regarding the declaration of interest on own capital. The payment refers to the operational period from January 1, 2007, to September 30, 2007. 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 period.
- Total Interest on Own Capital Declared: R$ 268,847,215.14
- Per Share Amount: R$ 1.18 per common share
- Reference Date for Shareholders: October 29, 2007
- Ex-Interest Trading Date: October 30, 2007
Material Changes and Payment Terms
The Board of Directors approved the payment of interest on own capital on October 18, 2007. This amount is declared and computed toward the calculation of the mandatory minimum dividends required by the Company's Bylaws and Brazilian Law 9249/95. The filing does not provide comparative financial data against prior periods to assess material changes in operational performance.
Payment Schedule: Payment is scheduled to occur no later than 60 days after the 2008 Annual Shareholders' Meeting. Credits will be available to shareholders via Banco Itaú S.A. based on their registered banking information.
Guidance, Risks, and Contingencies
The filing includes a standard forward-looking statements disclaimer. Management notes that statements regarding future operations, capital expenditure plans, and financial results are based on current estimates and are subject to risks and uncertainties, including general economic conditions and industry factors. There is no guarantee that expected results will occur.
Tax Contingency: Income tax will be withheld from the payment unless shareholders provide proof of immunity or exemption by November 30, 2007. Specific documentation is required for entities such as Supplementary Private Pension funds, Insurance Companies, and Fapi.
Investor Verification Checklist
- Verify the exact date of the 2008 Annual Shareholders' Meeting to determine the final payment deadline (60 days post-meeting).
- Confirm that banking instructions and Taxpayer Identification Numbers (CPF/CNPJ) are up to date with Banco Itaú S.A. to avoid payment delays.
- Check for any updates regarding the mandatory minimum dividend calculation for the full fiscal year 2007 in subsequent filings.
- Review the company's website (www.sabesp.com.br) for the specific declaration model required for tax-exempt entities.