Brazil — the heading member of the BRICs, is the largest and the richest country in South America, a fastest growing nation in the developing world and also one of the leaders among the emerging economies. On 1st July, 1994 Brazil abandoned its original currency and named its new currency BRL. From then on, it has gained more power in development and in 2009; the GDP of Brazil has risen to US$ 1,574.039 billion with US$ 8,220 per capita.
The efficient accounting management has contributed a lot to such achievements. With the economic development of Brazil, international business and trade have played an increasingly important role. In an international environment, the pace of economic and communicative globalisation has promoted the implementation of international accounting, which will definitely facilitate informed business decision-making for business managers and potential investors.
Name Petroleo Brasileiro S.A. or Petrobras
Financial year end 30 September 2009
Industry An energy company including exploration, production, trade, transportation and distribution.
Country of stock exchange Brazil
Name of stock exchange BM & FBOVESPA S.A.
Web address - company
- annual report (not just FS)
- full FS (not summary
- Group (not just holding co.) Annual report, full financial statement
2011/0711/1711087969.htmlBrazil is rich in natural resources. There are about 36 billion barrels of oil reservation and 133 billion cubic meters of natural gas. Petrobras, as the largest energy company in Brazil, has made full use of the local advantages and won a great recognition worldwide. According to the 代写个人作业economic and financial reports, Petrobras has achieved significant progress in business. It has profited from US$ 1.373 billion in 1997 to more than US$ 15 billion in 2009 and become the 15th biggest company in energy industry. It has also demonstrated recognized performance in stock market, which can be shown in the following table.