SEC Filing Summary: Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Business Context and Reporting Period
This Form 6-K filing, dated December 15, 2006, reports on a corporate action taken by SABESP, a publicly held Brazilian utility company. The filing announces the Board of Directors' approval, on December 14, 2006, to pay Interest on Own Capital (IOFC) to shareholders for the fourth quarter of 2006.
Key Financial Metrics
- Interest on Own Capital Payment: R$ 141,258,706.02 (Total amount).
- Per Share Amount: R$ 4.96 per thousand common shares.
- Reference Date: December 27, 2006.
- Ex-Interest Date: December 28, 2006.
- Payment Deadline: No later than 60 days after the 2007 Annual Shareholders' Meeting.
- Revenue, Profit, and Cash Flow: The filing text does not provide a clear value for these metrics.
- Debt and Liquidity: The filing text does not provide a clear value for these metrics.
Material Changes
The filing does not report material changes in operating results or financial position compared to prior periods. The primary disclosure is the declaration of a specific shareholder distribution (IOFC) for Q4 2006, which counts toward the mandatory minimum dividend requirement under the company's bylaws and Brazilian law (Law 9249/95).
Guidance, Outlook, and Risks
The document 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 specific quantitative guidance or outlook provided in this filing.
Investor Verification Checklist
- Confirm the exact payment date, which is contingent on the scheduling of the 2007 Annual Shareholders' Meeting.
- Verify tax withholding status, as income tax applies unless the shareholder provides proof of immunity or exemption by March 31, 2007.
- Ensure banking instructions (CPF/CNPJ and account details) are updated with Banco Itaú S.A. to avoid delays in credit availability.
- Review the company's 20-F annual report for comprehensive financial data (revenue, profit, debt) not included in this specific 6-K notice.