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 October 20, 2005. The document serves as a notice to shareholders regarding the declaration of Interest on Own Capital for the third quarter of 2005. The filing does not contain a full financial report for the period ending December 31, 2005, but rather a specific corporate action announcement.
Key Financial Metrics
- Dividend Declaration (Interest on Own Capital): R$85,153,937.70 total amount.
- Per Share Amount: R$2.99 per thousand common shares.
- Payment Timing: Scheduled for payment no later than 60 days after the 2006 Annual Shareholders' Meeting.
- Record Date: November 3, 2005.
- Ex-Interest Date: November 4, 2005.
- Revenue, Profit, Cash Flow, Debt, Liquidity: The filing text does not provide clear values for these metrics.
Material Changes
The filing does not report material changes in operating results, revenue, or debt levels compared to prior periods. The primary material event is the Board of Directors' recommendation and Executive Board's approval to distribute Interest on Own Capital, which will be computed toward the mandatory minimum dividends required by the Company's Bylaws and Brazilian Law 9249/95.
Guidance, Outlook, and Risks
The document includes a standard Forward-Looking Statements disclaimer. It notes that statements regarding future operations, capital expenditure plans, and financial results are based on management's current estimates and are subject to risks and uncertainties. There is no specific quantitative guidance or outlook provided in this text. The filing highlights tax withholding requirements, noting that income tax shall be withheld unless shareholders prove immunity or exemption by January 31, 2006.
Investor Verification Checklist
- Verify the exact payment date once the 2006 Annual Shareholders' Meeting concludes, as payment is contingent on this event.
- Confirm if the shareholder qualifies for tax exemption on Interest on Own Capital to avoid withholding.
- Ensure banking instructions (CPF/CNPJ and account details) are updated with Banco Itaú S.A. to avoid payment delays.
- Review the full 2005 Annual Report (Form 20-F) for comprehensive revenue, profit, and debt data not included in this 6-K.