1. Economic and Financial Summary (1)

  R$ Million
CONSOLIDATED PETROBRAS
2010 2009 2010 2009
Own capital / Third-party capital ratio (3) 67/33 52/48 73/27 55/45
25. Sales revenue 213,274 182,834 156,487 134,034
Income before financial results, interests and taxes 47,057 45,997 36,554 34,381
Proper activities 34,981 30,116 27,997 22,107
Subsidiaries / Affiliated companies 208 (65) 7,039 7,852
Net income of atributable to shareholders of Petrobras 35,189 30,051 35,036 29,959
Net income per share (2) 3,57 3,43 3,52 3,42
Net indebtedness(3) 62,067 73,416 10,541 26,790
Total assets 519,970 350,419 466,655 318,997
Investments, property, plant and equipment, intangible assets and deferred charges 374,815 241,122 319,013 191,452
Net Equity 310,225 166,895 307,317 165,021
breakdown of Ebitda consolidated parent company
2010 2009 % 2010 2009 %
Net Indebtedness/EBITDA 1.03 1.23 (0.20) 0.23 0.61 (0.38)
Income before financial results, profitsharing and taxes 47,057 45,997 2 36,554 34,381 6
Employee profit-sharing (1,691) (1,495) 13 (1,428) (1,270) 12
Depreciation/Amortization 14,881 14,457 3 10,813 10,380 4
(-) Loss on recovery of assets 76 543 (86) (104) 550 (119)
EBITDA 60,323 59,502 1 45,835 44,041 4
EBITDA margin (%) 28 33 (5) 29 33 (4)

EBITDA is not an indicator calculated in accordance with accounting principles generally accepted in Brazil, and possibly it may not serve as a basis for comparison with indicators with the same name, presented by other companies. EBITDA should not be considered as a substitute indicator to measure operating income, or even as a better form for measuring the liquidity and cash flow of the operating activities. EBITDA is additional information on the ability to pay debts, to maintain investments and to cover working capital needs.

(1) The amounts expressed in Reais were calculated in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board. For comparison purposes, the information for 2009, published previously, is encountered adjusted to IFRS.
(2) Net income per share calculated based on the weighted average of the number of shares.
(3) It includes indebtedness contracted through financial leases and federal government bonds with maturity of more than 90 days.

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