Petrobras - 2009 Sustainability Report

• Presentation of the Financial Statements

• Consolidation Procedures

• Description of Significant Accounting Policies

• Cash and Cash Equivalents

• Trade Accounts Receivable, Net

• Related Party Transactions

• Inventories

• Petroleum and Alcohol
  Accounts - STN

• Marketable Securities

• Project Financing

• Deposits in Court

• Investments

• Property, Plant and Equipment

• Intangible Assets

• Financing

• Contractual Commitments

• Financial Income and Expenses

• Other Operating Expenses, Net

• Taxes, Contributions and Interests

• Employee Benefits

• Employee and Management Profit-Sharing

• Shareholders’ Equity

• Legal Proceedings and Contingencies

• Commitments Assumed by the Energy Segment

• Guarantees for Concession Agreements for Petroleum Exploration

• Segment Reporting

• Derivative Financial Instruments, HEDGE and Risk Management Activities

• Insurance

• Security, Environment and Health

• Pronouncements, Interpretations and Orientations That Will Come Into Force in 2010

• Subsequent Events

Marketable Securities

	CONSOLIDATED		PARENT COMPANY
	2009	2008	2009	2008
NON-CURRENT PORTION OF SECURITIES	4,638,959	4,066,280	4,179,820	3,597,762
Available for sale	4,467,830	3,773,133	4,171,047	3,589,343
Trading		132,178
Held until maturity	294,953	449,720	1,726,339	8,419
	4,762,783	4,355,031	5,897,386	3,597,762
Less: current portion of securities	123,824	288,751	1,717,566

The securities, classified as long-term, are composed as follows:

	CONSOLIDATED		PARENT COMPANY
	2009	2008	2009	2008
	4,638,959	4,066,280	4,179,820	3,597,762
NTN-B	4,380,432	3,778,198	4,167,049	3,589,343
B Certificates	26,660	119,032
Others	231,867	169,050	12,771	8,419

The Series B National Treasury Notes (NTN-B) were given as a guarantee to Petros, on October 23, 2008, after signing the financial commitment agreement entered into between Petrobras and subsidiaries that are sponsors of the Petros Plan, unions and Petros, for settling obligations with the pension plan. The face value of the NTN-B is indexed to the variation of the Amplified Consumer Price Index (IPCA). The coupon interest will be paid half-yearly at the rate of 6% p.a. on the updated nominal value of these papers and their maturities are in 2024 and 2035.

The B certificates were received by Brasoil on account of the sale of platforms in 2000 and 2001, with half-yearly maturities until 2011 and yielding interest equivalent to Libor plus 0.70% p.a. to 4.25% p.a.

At December 31, 2009, the Parent company had resources invested in a non standard credit assignment investment fund (FIDC-NP), related to non-performing credit rights of its operating activities in the amount of R$ 1,717,566.