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(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, Industrial and other companies
Corporate Legislation
9/30/2001
THE REGISTRATION WITH CVM DOES NOT IMPLY ANY APPROVAL OF THE COMPANY. THE ACCURACY OF THE INFORMATION IS THE RESPONSIBILITY OF COMPANY MANAGEMENT. 01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 35300023269 01.02 - ADDRESS OF HEAD OFFICE
1 - FULL ADDRESS 2 - SUBURB OR DISTRICT
Centro
4 - MUNICIPALITY 5 - STATE
01075-900
6 - AREA CODE
So Paulo
7 - TELEPHONE 8 - TELEPHONE
SP
9 - TELEPHONE 10 - TELEX
011
11- AREA CODE
3225-4019
12 - FAX
13 - FAX
14 - FAX
011
15 - E-MAIL
3225-4241
klabin@klabin.com.br 01.03 - DIRECTOR OF MARKET RELATIONS (Address for correspondence with Company) 1 - NAME Ronald Seckelmann
3 - SUBURB OR DISTRICT
Centro
6 - AREA CODE
01075-900
7 - TELEPHONE
So Paulo
8 - TELEPHONE 9 - TELEPHONE
SP
10 - TELEX
011 11- AREA CODE 011 15 - E-MAIL Rseckelmann@klabin.com.br 01.04 - REFERENCES/AUDITOR CURRENT YEAR 1-BEGINNING 1/1/2001 2-END 12/31/2001
13 - FAX -
14 - FAX -
8-END 6/30/2001
10 - CODE CVM
018.950.957-00
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - General Taxpayers' Registration (CNPJ) 60.484.797/0001-71
Corporate Legislation
9/30/2001
01.05 - CAPITAL COMPOSITION NUMBER (THOUSANDS) Subscribed Capital 1 - Common 2 - Preferred 3 - Total Treasury Stock 4 - Common 5 - Preferred 6 - Total
01.06 - CHARACTERISTICS OF THE COMPANY
1 - TYPE OF COMPANY Commercial, Industrial and Other 2 - SITUATION Operating 3 - SHARE CONTROL NATURE Private National 4 - ACTIVITY CODE 1170000 - Participation and management 5 - MAIN ACTIVITY Management of and participation in other companies 6 - CONSOLIDATION TYPE Total 7 - TYPE OF REPORT OF INDEPENDENT ACCOUNTANTS Without Exceptions 01.07 - COMPANIES EXCLUDED FROM THE CONSOLIDATED FINANCIAL STATEMENTS 1-ITEM 2- CNPJ 3-NAME
01.08 - DIVIDENDS APPROVED AND/OR PAID DURING AND FOLLOWING THE QUARTER 1- ITEM 01 2 - EVENT 3 - DATE APPROVED
Ordinary/extraordinary General Meeting 4/18/2001 Dividends
4 - TYPE
5 - DATE OF PAYMENT
5/3/2001
6 - TYPE OF SHARE
Common
02
4/18/2001
Dividends
5/3/2001
Preferred
0.02531
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - General Taxpayers' Registration (CNPJ) 60.484.797/0001-71
Corporate Legislation
9/30/2001
01.09 - CURRENT YEAR'S SUBSCRIBED CAPITAL CHANGES 1- ITEM 2 - DATE OF CHANGE (Thousand of reais) 01 1/4/2001 1,206,589 3 - Subscribed Capital 4 - CHANGE AMOUNT (Thousand of reais ) 278,145 Public subscription 5 - NATURE 6 - NUMBER OF (Thousand) 154,525
7 - SHARE PRICE
1.80
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
1 - Code
2 - Description
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating expenses/income Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit (loss) Non-operating results Income Expenses Income (loss) before taxes and participation Provision for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
PARENT COMPANY AND CONSOLIDATED 1. Corporate Restructuring The company's management and it's subsidiary Klabin Riocell S.A. have decided to begin a restructuring to simplify their operational and corporate organization. The whole process is estimated to conclude in December 2001 and expect to reach the following main benefits: . . . . . Reduction of costs in the administrative, operational, finance and fiscal areas Increase of the operational synergy Effective integration of the Klabin group policies and procedures standards Rationalization of the financial resources Alignment of the financial statements with the industry, increasing the transparency with the capital market.
The procedures will basically cover downstream mergers to concentrate the operations in a unique company with the same equity and corporate situation. These mergers will not change the policy in the distribution of dividends. 2. Significant Accounting Policies and Presentation of the Quarterly Information
(a) Corporate legislation The September 30, 2001 quarterly information was prepared in accordance with accounting principles determined by Brazilian corporate legislation, which are consistent with the principles, methods and criteria adopted at the end of the previous year. (b) Consolidation of the financial information (i) Proportional consolidation of jointly-controlled companies In accordance with CVM Instruction 247/96, the proportional consolidation of the financial statements of the jointly-owned subsidiaries - Klabin Kimberly S.A., KCK Tissue S.A. and Norske Skog Klabin Comrcio e Indstria Ltda. - has been included. The Company's investment in these indirect subsidiaries is as follows: Percentage 9/30/2001 Klabin Kimberly S.A. KCK-Tissue S.A. Norske Skog Klabin Com. e Ind. Ltda. 50.00 50.00 50.00 12/31/2000 50.00 50.00 50.00 9/30/2000 50.00 50.00 50.00
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
We present below a summary of the balance sheet and statement of operations, the amounts of which are shown fully and not proportionally.
Balance sheet - thousands of reais Klabin Kimberly S.A. Consolidated 9/30/2001 Assets Current assets Long-term receivables Permanent assets 137,266 7,504 242,564 387,334 Liabilities and shareholders' equity Current liabilities Long-term liabilities Minority interest Shareholders' equity 71,362 21,822 262 293,888 387,334 Statement of operations - thousands of reais Klabin Kimberly S.A. Norske Skog Klabin S.ACom. Ind. Ltda. 9/30/2001 97,164 (73,170) 23,994 (5,624) (23,004) (4,634) 1,502 (3,086) (2,469) (3,132) 9/30/2000 61,696 (53,420) 8,276 (3,615) (6,772) (2,111) 669 (1,442) 12/31/2000 131,022 7,068 258,702 396,792 65,693 26,217 304 304,578 396,792 KCK Tissue S.A. 9/30/2001 65,134 85,940 151,074 49,656 50,780 50,638 151,074 12/31/2000 49,045 61,058 110,103 35,562 39,537 35,004 110,103 Norske Skog Klabin Com. e Ind. Ltda. 9/30/2001 80,198 28,564 90 108,852 58,400 16,974 33,478 108,852 12/31/2000 72,054 43,294
Consolidated 9/30/2001 Net sales Cost of sales Gross profit Operating expenses Financial, net Operating profit (loss) Non-operating income (expenses) Income tax and social contribution Minority interest Net income (loss) for the period 250,384 (175,854) 74,530 (78,276) (9,300) (13,046) (632) 2,180 46 (11,452) 9/30/2000 298,432 (193,150) 105,282 (78,956) (5,884) 20,442 2,244 (4,672) (158) 17,856 9/30/2001 53,082 (45,534) 7,548 (4,430) (6,204) (3,086)
(ii) Igaras Papis e Embalagens S.A. In October 2000, the company, through its subsidiary companies, acquired Igaras Papis e Embalagens S.A. Therefore, as from that month, the figures of that indirect subsidiary are included in the consolidated financial statements.
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
3.
(a) Nature and expectation of realization or liquidation of deferred taxes The consolidated deferred income tax and social contribution assets relate mainly to tax losses and were constituted based on projections supporting their recovery during the next two to five years, taking into account each subsidiary individually. Deferred income tax for the indirect subsidiary Klabin Bacell S.A. was not recognized since this company is income tax exempt. (b) Reconciliation
Thousand of reais Consolidated 9/30/2001 Income tax Consolidated income before income tax and social contribution Income tax (25%) and social contribution (9%) Reconciliation Permanent additions Unrecognized deferred income tax and social contribution Write-off of previous years credits Reversal of deferred tax assets on temporary additions Difference between presumed taxable income method and actual taxable income method Abroad profits not taxable Others Income tax and social contribution reported in consolidated statement of operations (i) (ii) (iii) (225,252) (56,313) Social contribution (225,252) (20,273) Income tax 165,143 41,286 9/30/2000 Social contribution 165,143 14,862
3,030 10,638
808 3,387
(ii)
(240)
186
(39,416)
(12,130)
54,714
19,243
Refers to deferred taxes not recognized, basically from IKPC Participaes S.A. and Klabin Export S.A., due to the corporate restructuring in course. Refers to tax credits of Igaras Papis e Embalagens S.A., KIV Participaes S.A. and Indstrias Klabin S.A., which were written off due to the corporate restructuring in course. Because of the enrollment of the subsidiary Klabin Riocell S.A. in the Tax Recovery Program (REFIS), management opted for taxation based on the presumed profit, and the company was obliged to reverse its deferred taxes on temporary additions. Deferred tax assets relating to tax losses, presented in long-term receivables, are justified because the subsidiary Klabin Riocell S.A. is evaluating the relative advantages of the presumed profit method as compared to the actual taxable income method.
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
4.
(a) Position 30 September 2001 Thousands of reais Direct and indirect investment - % IKPC - Participaes S.A. Indstrias Klabin S.A. KIV Participaes S.A. Klamasa Participaes S.A. Klabin Riocell S.A. Others (i) (ii) (iii) (iii) (iv) 100.00 100.00 100.00 100.00 99.14 Equity in earnings (losses) for the period (11,345) (196,451) 15,859 37,697 4,846 (20,953) (170,347)
(i) Participation of 50% in Klabin Kimberly S.A. and 50% in KCK Tissue S.A. (ii) Participation of 81.67% in Klabin Bacell S.A., 50% in Norske Skog Klabin Comrcio e Indstria Ltda. and 100% in Tiquie S.A. At July 31, 2001, Indstrias Klabin merged the subsidiary Klabin Ponsa S.A. The net equity merged was R$ 30.031 thousand. (iii) KIV Participaes S.A. and Klamasa Participaes S.A. have participation of 35.62% and 58.86%, respectively, in Klabin Riocell S.A. and also IKPC - Indstrias Klabin de Papel e Celulose S.A. has direct participation of 4.66% in Klabin Riocell S.A. (iv) Public company, with issuance of ITR - Quarterly Information and report of independent accountants. (b) Goodwill (negative goodwill) - remaining balance in the consolidated accounts 30 September 2001 Thousand of reais Klamasa Participaes S.A. Klabin Bacell S.A. Igaras Papel e Embalagens S.A. Bacraft S.A. Indstria de Papel Klapart Participaes Ltda. KIV Participaes S.A. Tiquie S.A. 83,836 32,942 453,833 3,018 6,874 (421) (586) 579,496 Basis Future profitability Future profitability Future profitability/appreciation Appreciation of assets Appreciation of land Other economic reasons Other economic reasons Amortization period - years 10 6 to 10 10 10 to 25 -
10
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
5.
Fixed Assets Thousands of reais Consolidated Accumulated depreciation and depletion 1,826,118 200,750 2,026,868
6.
Deferred Charges Thousands of reais Consolidated Accumulated amortization 102,361 2,200 5,682 1,471 9,290 121,004
Cost Implementation and pre-operating expenses Reorganization and installation expenses Data processing center implementation expenses Product and other research and development Other 215,320 3,935 15,075 1,570 14,375 250,275
11
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
7.
Stockholders' Equity Thousands of reais At December 31, 2000 Capital increase Income tax incentives Acquisition of own shares Loss for the period Complement of dividends - 2000 At September 30, 2001 1,228,352 278,145 7,610 (20) (176,068) (22,497) 1,315,522
(a) Movement
On January 4, 2001, the company's capital stock was increased by 154,524,978 registered preferred shares, with no nominal value, equivalent to R$ 278,145 thousand, through a subscription fully paid up by BNDESPar. Funds arising from this capital payment were totally used to settle the bridge loan contracted to acquire the subsidiary Igaras Papis e Embalagens S.A. (b) Revaluation reserve (i) CVM Instruction 189/92 As permitted by CVM Instruction 197/93, the Company decided not to apply the dispositions of articles 1 and 2 of CVM Instruction 189/92. Had they been applied, the revaluation reserve would have been adjusted as follows: Thousands of reais Subsidiary companies' assets 88,211 (45,155) (14,639) 28,417
Own assets Revaluation reserve at September 30, 2001 Portion related to restatement under Law 8,200/91, included in the revaluation reserve Tax charges 12,479
(4,243) 8,236
12
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
(ii) CVM Deliberation 183/95 Based on IBRACON (Brazilian Institute of Accountants) Technical Pronouncement XXIV and CVM Deliberation 183/95, the Company's and subsidiary companies' managements elected to maintain the revaluation reserves existing at June 30, 1995. (c) Treasury stock The company purchased 11,522 common shares and 5,000 preferred shares from dissident shareholders in relation to swaps of IKPC - Indstrias Klabin de Papel e Celulose S.A. shares for Klabin Riocell S.A. shares.
8.
Financial Income (Expenses) Thousands of reais Consolidated 1/1/2001 to 9/30/2001 Financial income Financial expenses Exchange variances, net 43,110 (300,682) (398,517) (656,089) 7/1/2001 to 9/30/2001 15,132 (113,425) (174,174) (272,467) 1/1/2000 to 9/30/2001 31,552 (179,675) (28,206) (176,329) 7/1/2000 to 9/30/2000 9,802 (59,930) (25,203) (75,331)
9.
Financial Instruments The Company and its subsidiaries participate in transactions involving financial instruments which are recorded in asset and liability accounts, and used to meet their needs and to reduce exposure to market, currency and interest rate risks. These risks are managed by defining strategies, establishing control systems and determining position limits.
(a) Financial investments Financial investments are mostly in securities with terms of less than three months, and the negotiated rates reflect usual market conditions at the end of the quarter. At September 30, 2001, financial investments totaled R$ 5,912 thousand (consolidated - R$ 149,894 thousand), and mainly comprise Bank Deposit Certificates (CDBs), which are indexed to the variation of the Interbank Deposit Certificates (CDI) through swap contracts.
13
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
The estimated market values of recorded financial instruments at September 30, 2001, do not differ significantly from the carrying amounts of these assets and liabilities recognized in the financial statements. (b) Loans (i) Position
Thousands of reais Consolidated Annual interest - % Local currency . National Bank for Economic and Social Development (BNDES) . Government Agency for Machinery and Equipment Financing (FINAME) . Others Foreign currency . Fixed assets financing . Eurobond issue . Export notes . Others Short term Long term Total
(17,373) 941,884
(*) The company and its subsidiaries have asset swap agreements in order to reduce exchange exposure risks. The results of these operations were totally recorded in the results of the period and amount to a gain of R$ 127,569 thousand, through September 2001. (ii) Guarantees The accrued financial charges are included in the loan accounts, which are guaranteed by inventories, land, buildings, improvements, machinery, equipment and installations, as well as guarantees from the controlling stockholder and/or third parties and directors of IKPC - Indstrias Klabin de Papel e Celulose S.A.
14
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
(c)
Debentures The debentures will mature on November 1, 2004 and are subject to interest of 103.50% of the interest rate for one-day interbank extra-group deposits (DI). Almost all of the obligation of payment was transferred to the subsidiary company Indstrias Klabin S.A. At August 2001, Indstrias Klabin S.A. signed a swap contract which expect to decrease the remuneration of this obligation to 70% of the DI. The total amount covered by this contract is around 50% of the total of the debentures. At September 30, 2001, the debentures is approximately R$ 591 thousand (consolidated - R$ 123,854 thousand), net of the swap effects.
10. Contingencies The company has approximately R$ 118 million (consolidated) recorded as provision for contingencies related to tax, labor, civil and other claims. The management and their legal advisors understand that this amount is enough to cover eventual future losses.
15
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
For a better understanding of Company performance we present in 08.01 comments on the consolidated performance.
16
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
17
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
06.02 - Consolidated Balance Sheet - Liabilities and Shareholders' Equity (R$ thousands)
1 - CODE 2 2.01 2.01.01 2.01.02 2.01.03 2.01.04 2.01.04.01 2.01.04.02 2.01.05 2.01.06 2.01.07 2.01.08 2.01.08.01 2.01.08.02 2.01.08.03 2.02 2.02.01 2.02.02 2.02.03 2.02.04 2.02.05 2.02.05.01 2.02.05.02 2.03 2.04 2.05 2.05.01 2.05.02 2.05.02.01 2.05.02.02 2.05.02.03 2.05.03 2.05.03.01 2.05.03.02 2.05.04 2.05.04.01 2.05.04.02 2 - DESCRIPTION Total liabilities and shareholders' equity Current liabilities Loans Debentures Suppliers Taxes, charges and contributions payable Taxes payable Income tax and social contribution Dividends payable Provisions Payables to related parties Others Salaries, vacation pay and social charges Other accounts payable Advances from clients Long-term liabilities Loans Debentures Provisions Payables to related parties Others Provision for income tax and social contribution Other accounts payable Deferred income Minority interest in subsidiaries Shareholders' equity Paid-up capital Capital reserves Special restatement - Law 8200/91 Gain on sale of treasury stock Fiscal incentives and other Revaluation reserves Own assets Affiliated/subsidiary companies' assets Revenue reserves Legal Statutory 3 - 9/30/2001 4,660,047 1,271,684 941,884 8,554 153,783 42,644 36,448 6,196 0 0 264 124,555 41,903 45,991 36,661 1,995,467 1,709,111 115,300 0 0 171,056 12,791 158,265 15,836 61,538 1,315,522 1,206,589 119,215 93,067 10 26,138 100,690 12,479 88,211 62,798 47,965 14,371 4 - 6/30/2001 4,520,802 989,463 723,665 3,052 151,675 32,350 21,623 10,727 0 0 973 77,748 37,130 39,578 1,040 2,026,215 1,760,677 115,300 0 0 150,238 12,211 138,027 19,574 60,261 1,425,289 1,206,589 117,495 93,067 10 24,418 101,392 12,739 88,653 62,802 47,965 14,371
18
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
06.02 - Consolidated Balance Sheet - Liabilities and Shareholders' Equity (R$ thousands)
2 - DESCRIPTION Contingencies Unrealized profits Retention of profits Special for undistributed dividends Others Special reserve for non-obligatory dividends Treasury stock Retained earnings (accumulated deficit)
19
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
1 - Code
2 - Description
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.13 3.14 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating expenses/income Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit (loss) Non-operating results Income Expenses Income (loss) before taxes and participation Provision for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Reversal of interest on own capital Minority interest Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
20
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
Initial Considerations
The results of Igaras, which was acquired in October 2000, have been consolidated into Klabin Group's earnings since 4Q00. Due to the significant contribution of this acquisition and for a better understanding of the Company's performance, all comparisons in this report are based on 3Q01 results in relation to those of 2Q01 (excluding the net result of the sale of the forestry assets of Klabin Riocell) unless otherwise specified. Another important non-recurring fact was the forestry sale of Klabin Riocell, occurred in May 2001, generating net revenue of R$ 67 million and EBIT of R$ 42 million. At the end of this commentary a pro forma income statement is presented, excluding the effect of the forestry sale in 2Q01, in order to better analyze the Company's performance in the 3Q01 over 2Q01.
21
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
67%
66%
70%
3Q01
2Q01
1Q01
Exports
Domestic market
Exports accounted for 38% of total sales in the quarter. The slight reduction in the contribution of this segment was due to the standardization of export recognition accounting procedures. The packaging segment represented 57% of the net revenue in the first nine months of 2001 (59% in 1H01). This reduction again reflects the accounting standardization for packaging paper exports and the weaker performance in the corrugated box segment in 3Q01 due to the economic slowdown.
67%
66%
70%
2Q01
1Q01
Exports
Domestic market
22
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
Operating Result
The operating result before financial expenses (EBIT) was R$ 137 million, an increase of 10%, in 3Q01 and accumulating R$ 383 million in the year. This result represents a net margin of 23% in 3Q01 and corresponds to the average for the first nine months of 2001. The increase in net revenue and the maintenance of cost of products sold, which reported a slight drop as percentage of net revenue from 59% in 2Q01 to 57% in 3Q01, both contributed to this result. In addition, there was a 4% reduction in general and administrative expenses with no further non-recurring expenses being registered - the case in previous quarters. The operating and corporate reorganization, which is to be implemented in 4Q01, should bring further savings in this item. Significantly, in the 3Q01 the Company began to amortize the goodwill premium of R$ 12 million for the Igaras acquisition. The amortization, which will extend over a period of 10 years, was booked to the item "Other operating expenses"; thus impacting the EBIT and causing an increase of 8% in total operating expenses for 3Q01.
EBITDA
The operating cash generation, EBITDA, grew for the 11th consecutive quarter, reaching R$ 205 million, a growth of 12%, with the EBITDA margin rising from 32% to 35%. This growth underscores the Company's solid operating cash generation, which was R$ 565 million with a 33% EBITDA margin for the first nine months of the year.
R$ million
EBITDA margin
33% 35% 33% 32% 35%
40% 30% 20%
35%
31%
144
145
164
178
178
183
205
10% 0%
1Q 00 2Q 00 3Q 00 4Q 00 1Q 01 2Q 01 3Q 01
EBITDA EBITDA margin
Dec'00
Sep'01
23
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
08.01 - Comments on the Consolidated Performance Net debt was R$ 2,595 million at the end of September, or 65% of the total capitalization (62% in 2Q01). In December 2000, US$ denominated net debt represented US$ 1,124 million, also including the capitalization of R$ 278 million which took place on January 4, 2001. At the end of September, based on the same criteria, net debt represented US$ 971 million, a reduction of US$ 153 million. This 14% reduction underscores management's determination to reduce the debt level using not only the Company's strong cash generation but also through the sale of assets. The long term profile of the debt is more significant than the total amount, which allows a proactive management of the debt, taking advantage of market opportunities - especially important when considering the expected scenario in 2002. In this context, more than two thirds of the Company's debt is long term with maturities which extend out to 2008. The Company has trimmed foreign currency denominated debt by 7%, declining from US$ 803 million in 2Q01 to US$ 746 million at the end of September. Hedge operations worth US$ 264 million remained in place at the end of 3Q01 as part of the continuing strategy of minimizing the Company's exposure to foreign exchange rate fluctuations. In addition to hedge operations, the Company's foreign exchange risk is also protected by prepayment operations (natural hedge), thus reducing the debt exposure to fluctuations in the Real/ Dollar exchange rate to only 5% of total foreign currency denominated debt.
Foreign currency debt 9/30/01 TOTAL Trade finance - natural hedge Hedge Exposure US$ million 746 (447) (264) 35
Net Profit
Klabin's favorable operating performance in 3Q01 was offset by the adverse effect of losses accruing on foreign currency denominated debt, which resulted in a net loss of R$ 111 million in the period. For the period from January to September, the accumulated loss was R$ 176 million. This result reflects the full effect of the depreciation of the Real against the Dollar. Management states that it does not intend to defer financial expenses as a result of the Real's devaluation during 2001, although permitted by the Brazilian Securities Commission (CVM). The same procedure was adopted at the time of the 1999 devaluation when the local currency/Dollar exchange rate was allowed to float.
24
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
Obs 1: The sales volume above considers 100% of the sales of Klabin Kimberly S.A., KCK Tissue S.A. and Norske Skog Klabin Comrcio e Indstria Ltda. Obs 2: Net Revenue is stated in (R$) according to Brazilian Corporate Law.
25
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
2Q0
Net revenue Cost of products sold Gross profit Selling expenses General & administrative expenses Others revenue (expenses) Total operating expenses Operating result (before fin. results) Net result on the sale of forestry assets Financial expenses Net foreign exchange losses Financial revenues Net financial expenses Operating result Non operating revenues (expenses) Net income (loss) before taxes Income tax and soc. contrib. Minority interest Net income (loss) Amortization/ depreciation EBITDA
* Excluding the effect of the forestry sale of Klabin Riocell.
2Q01
567,301 (332,714) 234,587 (69,684) (38,518) (1,905) (110,107) 124,480 41,631 (95,130) (70,695) 15,438 (150,387) 15,724 2,402 18,126 (2,012) (951) 15,163 58,171 182,651
3Q0
588,057 (332,767) 255,290 (70,815) (36,838) (10,681) (118,334) 136,956 (113,425) (174,174) 15,132 (272,467) (135,511) 1,191 (134,320) 23,965 (1,128) (111,483) 68,203 205,159
633,757 (357,539) 276,218 (69,684) (38,518) (1,905) (110,107) 166,111 (95,130) (70,695) 15,438 (150,387) 15,724 2,402 18,126 (2,012) (951) 15,163 58,171 224,282
26
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
Jan/Sep'01
1,757,740 (1,009,503) 748,237 (193,049) (115,690) (14,372) (323,111) 425,126 (300,682) (398,517) 43,110 (656,089) (230,963) 5,711 (225,252) 51,546 (2,362) (176,068) 181,830 606,956
Jan/Sep'01 (*)
1,691,284 (984,678) 706,606 (193,049) (115,690) (14,372) (323,111) 383,495 41,631 (300,682) (398,517) 43,110 (656,089) (230,963) 5,711 (225,252) 51,546 (2,362) (176,068) 181,830 565,325
1,312,601 (729,216) 583,385 (136,274) (108,410) (261) (244,945) 338,440 (179,675) (28,206) 31,552 (176,329) 162,111 3,032 165,143 (73,957) (42,737) 48,449 115,128 453,568
27
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
7 - TYPE OF COMPANY
8 - NUMBER OF SHARES FOR THE QUARTER (THOUSANDS) (MIL) 59.368.100/0001-18 Unlisted subsidiary company
01 Indstrias Klabin S.A. Commercial, industrial, and other 02 KIV - Participaes S.A. Commercial, industrial, and other 03 IKPC - Participaes S.A. Commercial, industrial, and other 04 Klamasa Participaes S.A. Commercial, industrial, and other 05 Klabin Bacell S.A. Commercial, industrial, and other 06 Tiquie S.A. Commercial, industrial, and other 07 Klabin Kimberly S.A. Commercial, industrial, and other 08 Igaras Papis e Embalagens S.A. Commercial, industrial, and other
100.00
100.00
81.67
100.00
50.00
100.00
28
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
1 3
rd
CVM/SRE/DEB - 1999/063 11/9/1999 SINGLE SIMPLE PUBLIC 11/1/1999 11/1/2004 NO PREFERENCE 103.5% of CDI rate
29
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
During the third quarter of 2001, IKPC - Indstrias Klabin de Papel e Celulose S.A. and subsidiary companies invested R$ 105.7 million. Indstrias Klabin S.A. During the quarter, the Company invested R$ 18.2 million in its operating divisions. These funds were used for normal replacements and in the following major projects: - Klabin Paran Paper Division and Klabin Celucat Division
Klabin Kimberly S.A. (jointly-owned subsidiary) Invested R$ 2.0 million in various projects. Klabin Riocell S.A. Invested R$ 73.6 million in replacement projects, reforestation and expansion project. Klabin Bacell S.A. Invested R$ 3.3 million in various projects and replacement projects. Klabin PONSA S.A. Invested R$ 0.4 million in replacement projects. Igaras Papis e Embalagens S.A. Invested R$ 5.4 million in replacement projects and reforestation. KCK Tissue S.A. (jointly-owned subsidiary) Invested R$ 2.6 million in various projects. Klabin Argentina S.A. Invested R$ 0.2 million in various projects.
30
'(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
12.01 - Report on the Special Review - Unqualified REPORT OF INDEPENDENT ACCOUNTANTS ON THE LIMITED REVIEW OF THE QUARTERLY INFORMATION
November 5, 2001 To the Board of Directors and Shareholders IKPC - Indstrias Klabin de Papel e Celulose S.A. 1 We have carried out limited reviews of the accounting information included in the Quarterly Information (ITR) of IKPC - Indstrias Klabin de Papel e Celulose S.A. for the quarters and periods ended September 30 and June 30, 2001 and September 30, 2000. This information is the responsibility of the company's management. The limited review of the accounting information for the quarters ended September 30 and June 30, 2001, of Igaras Papis e Embalagens S.A. which is accounted for on the equity method, was carried out by other independent accountants, and our report, insofar as it relates to the amount of this investment at September 30, 2001, R$ 224,459 thousand (June 30, 2001 - R$ 244,945 thousand), and the equity in its loss for the quarter ended September 30, 2001, R$ 20,486 thousand (June 30, 2001 - profit of R$ 1,063 thousand), is based solely on the report of the other independent accountants. Our reviews were performed in accordance with specific standards established by the Institute of Independent Auditors of Brazil (IBRACON) and the Brazilian Federal Accounting Council (CFC), and mainly comprised: (a) inquiries of and discussions with officials responsible for the accounting, financial and operating areas of the company with regard to the principal criteria adopted for the preparation of the quarterly financial information and (b) a review of the significant information and of the subsequent events which have, or could have, significant effects on the company's financial position and operations. Based on our limited reviews and on the review carried out by other independent accountants, we are not aware of any material modifications that should be made to the quarterly information referred to in the first paragraph for it to be in conformity with the accounting principles determined by Brazilian corporate legislation applicable to the preparation of quarterly information, consistent with the regulations of the Brazilian Securities Commission (CVM).
Paulo Cesar Estevo Netto Partner Contador CRC 1RJ026365/T-6 "T" SP002331
31
'(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
12.01 - Report on the Special Review - Unqualified Subsidiary/Associated Company 1 - COMPANY NAME INDSTRIAS KLABIN S.A. 13.01 - Statement of Operations of the Subsidiary/Associated Company (R$ thousand)
1 - Code 2 - Description 3 - Amount for the quarter 7/1/2001 to 9/30/2001 354,565 (49,673) 304,892 (186,021) 118,871 (261,891) (19,244) (23,611) (198,929) 36,915 (235,844) 5,187 (13,289) (12,005) (143,020) 4,038 4,035 3 (138,982) 37,063 0 0 0 0 0 (101,919) 35 0 (2,911.97143) 4 - YTD 1/1/2001 to 9/30/2001 5 - Same quarter in the prior year 7/1/2000 to 9/30/2000 300,810 (42,846) 257,964 (157,851) 100,113 (78,627) (15,441) (23,038) (43,891) 18,541 (62,432) 2,617 0 1,126 21,486 (195) 327 (522) 21,291 (8,029) 0 0 0 0 0 13,262 35 378.91429 0 6 - Prior YTD 1/1/2000 to 9/30/2000
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.13 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating expenses/income Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit (loss) Non-operating results Income Expenses Income (loss) before taxes and participation Provision for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Reversal of interest on capital Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
963,918 (137,565) 826,353 (511,456) 314,897 (606,306) (50,170) (68,154) (483,689) 68,558 (552,247) 14,946 (20,311) 1,072 (291,409) 5,902 5,906 (4) (285,507) 89,003 0 0 0 0 0 (196,504) 35 0 (5,614.40000)
833,528 (115,709) 717,819 (440,942) 276,877 (200,605) (37,997) (68,257) (89,292) 39,506 (128,798) 5,505 0 (10,564) 76,272 1,141 1,724 (583) 77,413 (31,909) 0 0 0 0 0 45,504 35 1,300.11429 0
32
'(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
12.01 - Report on the Special Review - Unqualified Subsidiary/Associated Company 1 - COMPANY NAME KIV PARTICIPAES S.A. 13.01 - Statement of Operations of the Subsidiary/Associated Company (R$ Thousand)
1 - Code 2 - Description 3 - Amount for the quarter 7/1/2001 to 9/30/2001 0 0 0 0 0 1,904 0 (3) (271) 2 (273) 0 0 2,178 1,904 0 0 0 1,904 (2,278) 0 0 0 0 0 (374) 1,254 0 (0.29825) 4 - YTD 1/1/2001 to 9/30/2001 5 - Same quarter in the prior year 7/1/2000 to 9/30/2000 0 0 0 0 0 21,947 0 (8) (1,739) 2 (1,741) 0 0 23,694 21,947 0 0 0 21,947 (2,278) 0 0 0 0 0 19,669 1,254 15.68501 0 0 0 0 0 0 10,469 0 (3) (360) 3 (363) 0 0 10,832 10,469 0 0 0 10,469 0 0 0 0 0 0 10,469 1,254 8.34848 0 6 - Prior YTD 1/1/2000 to 9/30/2000
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.13 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating expenses/income Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit (loss) Non-operating results Income Expenses Income before taxes and participation Credit (provision) for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Reversal of interest on capital Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
0 0 0 0 0 25,826 0 (10) (801) 15 (816) 0 0 26,637 25,826 0 0 0 25,826 0 0 0 0 0 0 25,826 1,254 20.59490 0
33
'(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
12.01 - Report on the Special Review - Unqualified Subsidiary/Associated Company 1 - COMPANY NAME IKPC PARTICIPAES S.A. 13.01 - Statement of Operations of the Subsidiary/Associated Company (R$ Thousand)
1 - Code 2 - Description 3 - Amount for the quarter 7/1/2001 to 9/30/2001 0 0 0 0 0 (3,897) 0 (4) (5,240) 2 (5,242) 0 0 1,347 (3,897) 0 0 0 (3,897) 0 0 0 0 0 0 (3,897) 1,000 0 (3.89700) 4 - YTD 1/1/2001 to 9/30/2001 5 - Same quarter in the prior year 7/1/2000 to 9/30/2000 0 0 0 0 0 2,847 0 (2) (1,019) 0 (1,019) 0 0 3,868 2,847 0 0 0 2,847 141 0 0 0 0 0 2,988 1,000 2.98800 0 6 - Prior YTD 1/1/2000 to 9/30/2000
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.13 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating expenses/income Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit Non-operating results Income Expenses Income before taxes and participation Provision for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Reversal of interest on capital Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
0 0 0 0 0 (11,344) 0 (72) (10,304) 6 (10,310) 0 0 (968) (11,344) 0 0 0 (11,344) 0 0 0 0 0 0 (11,344) 1,000 0 (11.34400)
0 0 0 0 0 6,314 0 (89) (1,554) 0 (1,554) 0 0 7,957 6,314 0 0 0 6,314 258 0 0 0 0 0 6,572 1,000 6.57200 0
34
'(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
12.01 - Report on the Special Review - Unqualified Subsidiary/Associated Company 1 - COMPANY NAME KLAMASA PARTICIPAES S.A. 13.01 - Statement of Operations of the Subsidiary/Associated Company (R$ Thousand)
1 - CODE 2 - DESCRIPTION 3 - Amount for the quarter 7/1/2001 to 9/30/2001 0 0 0 0 0 2,212 0 (23) (37) 0 (37) 0 0 2,272 2,212 0 0 0 2,212 0 0 0 0 0 0 2,212 68,137 0.03246 0 4 - YTD 1/1/2001 to 9/30/2001 5 - Same quarter in the prior year 7/1/2000 to 9/30/2000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 - Prior YTD 1/1/2000 to 9/30/2000
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.13 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating expenses/income Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit (loss) Non-operating results Income Expenses Income (loss) before taxes and participation Provision for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Reversal of interest on capital Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
0 0 0 0 0 37,697 0 (79) (46) 0 (46) 0 0 37,822 37,697 0 0 0 37,697 0 0 0 0 0 0 37,697 68,137 0.55325 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
35
'(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
12.01 - Report on the Special Review - Unqualified Subsidiary/Associated Company 1 - COMPANY NAME KLABIN BACELL S.A. 13.01 - Statement of Operations of the Subsidiary/Associated Company (R$ Thousand)
1 - CODE 2 - DESCRIPTION 3 - Amount for the quarter 7/1/2001 to 9/30/2001 41,858 (2,192) 39,666 (25,087) 14,579 (5,475) (700) (683) (4,092) 113 (4,205) 0 0 0 9,104 0 0 0 9,104 (3,137) 0 0 0 0 0 5,967 3,621,234 0.00165 0 4 - YTD 1/1/2001 to 9/30/2001 5 - Same quarter in the prior year 7/1/2000 to 9/30/2000 28,055 (244) 27,811 (15,730) 12,081 (8,512) (3,136) (613) (4,763) 184 (4,947) 0 0 0 3,569 (204) 0 (204) 3,365 0 0 0 0 0 0 3,365 1,677,763 0.00201 0 6 - Prior YTD 1/1/2000 to 9/30/2000
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.13 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating income (expenses) Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit (loss) Non-operating results Income Expenses Income (loss) before taxes and participation Provision for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Reversal of interest on capital Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
109,471 (5,082) 104,389 (67,463) 36,926 (19,341) (3,009) (1,921) (14,411) 279 (14,690) 0 0 0 17,585 (2,082) 0 (2,082) 15,503 (5,684) 0 0 0 0 0 9,819 3,621,234 0.00271 0
82,084 (1,014) 81,070 (57,141) 23,929 (28,084) (5,685) (1,967) (20,432) 1,155 (21,587) 0 0 0 (4,155) (203) 0 (203) (4,358) (775) 0 0 0 0 0 (5,133) 1,677,763 0 (0,00306)
36
'(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
12.01 - Report on the Special Review - Unqualified Subsidiary/Associated Company 1 - COMPANY NAME TIQUIE S.A. 13.01 - Statement of Operations of the Subsidiary/Associated Company (R$ thousand)
1 - CODE 2 - DESCRIPTION 3 - Amount for the quarter 7/1/2001 to 9/30/2001 0 0 0 0 0 (17,586) 0 (16) 2,917 2,917 0 0 0 (20,487) (17,586) 0 0 0 (17,586) 0 0 0 0 0 0 (17,586) 754,292 0 (0.02331) 4 - YTD 1/1/2001 to 9/30/2001 5 - Same quarter in the prior year 7/1/2000 to 9/30/2000 0 0 0 0 0 (611) 0 (7) (604) 1,168 (1,772) 0 0 0 (611) 0 0 0 (611) 0 0 0 0 0 0 (611) 754,292 0 (0.00081) 6 - Prior YTD 1/1/2000 to 9/30/2000
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.13 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating income (expenses) Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit (loss) Non-operating results Income Expenses Income (loss) before taxes and participation Provision for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Reversal of interest on capital Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
0 0 0 0 0 (14,484) 0 (144) 5,084 6,050 (966) 0 0 (19,424) (14,484) 0 0 0 (14,484) 0 0 0 0 0 0 (14,484) 754,292 0 (0.01920)
0 0 0 0 0 927 0 (14) (610) 1,130 (1,740) 0 0 1,551 927 0 0 0 927 0 0 0 0 0 0 927 754,292 0.00123 0
37
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
Subsidiary/Associated Company 1 - COMPANY NAME KLABIN KIMBERLY S.A. 13.01 - Statement of Operations of the Subsidiary/Associated Company (R$ Thousand)
1 - Code 2 - Description 3 - Amount for the quarter 7/1/2001 to 9/30/2001 108,266 (17,264) 91,002 (59,892) 31,110 (33,966) (22,574) (4,540) (4,104) 1,400 (5,504) 204 (2,952) 0 (2,856) (1,378) (972) (406) (4,234) 558 0 0 0 0 0 (3,676) 15,457 0 (0.23782) 4 - YTD 1/1/2001 to 9/30/2001 5 - Same quarter in the prior year 7/1/2000 to 9/30/2000 126,068 (20,202) 105,866 (70,669) 35,197 (31,577) (21,166) (5,934) (4,512) 2,022 (6,534) 37 (2) 0 3,620 1,108 2,064 (956) 4,728 2,396 0 0 0 0 0 7,124 15,457 0.46089 0 6 - Prior YTD 4/1/2000 to 9/30/2000
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.13 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating expenses/income Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit (loss) Non-operating results Income Expenses Income (loss) before taxes and participation Provision for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Reversal of interest on capital Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
301,036 (50,652) 250,384 (175,854) 74,530 (87,576) (55,710) (14,326) (9,300) 3.430 (12,730) 204 (8,444) 0 (13,046) (586) 454 (1,040) (13,632) 2,180 0 0 0 0 0 (11,452) 15,457 0 (0.74089)
357,358 (58,926) 298,432 (193,150) 105,282 (84,840) (60,668) (18,514) (5,884) 5,800 (11,684) 234 (8) 0 20,442 2,086 3,088 (1,002) 22,528 (4,672) 0 0 0 0 0 17,856 15,457 1.15520 0
38
(A free translation of the original in Portuguese) FEDERAL GOVERNMENT SERVICE BRAZILIAN SECURITIES COMMISSION (CVM) QUARTERLY INFORMATION - ITR Commercial, industrial and other companies
01.01 - IDENTIFICATION 1 - CVM CODE 00742-0 2 - COMPANY NAME IKPC - Indstrias Klabin de Papel e Celulose S.A. 3 - CNPJ 60.484.797/0001-71
Corporate Legislation
9/30/2001
Subsidiary/Associated Company 1 - COMPANY NAME IGARAS PAPEIS E EMBALAGENS S.A. 13.01 - Statement of Operations of the Subsidiary/Associated Company (R$ Thousand)
1 - Code 2 - Description 3 - Amount for the quarter 7/1/2001 to 9/30/2001 115,940 (13,563) 102,377 (70,348) 32,029 (47,810) (12,841) (4,349) (31,269) 279 (31,548) 228 421 0 (15,781) (1,172) (191) (981) (16,953) (3,534) 0 0 0 0 0 (20,487) 146,018 0 (0.14030) 4 - YTD 1/1/2001 to 9/30/2001 5 - Same quarter in the prior year 7/1/2000 to 9/301/2000 111,447 (13,685) 97,762 (58,281) 39,481 (39,634) (11,551) (7,292) (14,865) 236 (15,101) (1,213) (4,719) 6 (153) 374 304 70 221 576 0 0 0 0 0 797 146,018 0.00546 0 6 - Prior YTD 1/1/2000 to 9/30/2000
3.01 3.02 3.03 3.04 3.05 3.06 3.06.01 3.06.02 3.06.03 3.06.03.01 3.06.03.02 3.06.04 3.06.05 3.06.06 3.07 3.08 3.08.01 3.08.02 3.09 3.10 3.11 3.12 3.12.01 3.12.02 3.13 3.15
Gross sales and/or services Gross sales deductions Net sales and/or services Cost of sales and/or services rendered Gross profit Operating expenses/income Selling General and administrative Financial, net Financial income Financial expenses Other operating income Other operating expenses Equity in the results of investee companies Operating profit (loss) Non-operating results Income Expenses Income (loss) before taxes and participation Provision for income tax and social contribution Deferred income tax Statutory participation and contributions Participation Contributions Reversal of interest on capital Net income (loss) Number of shares (thousand), ex. treasury stock Net income per share Loss per share
361,687 (40,865) 320,822 (214,348) 106,474 (124,706) (40,043) (17,557) (68,814) 830 (69,644) 2,034 (326) 0 (18,232) 3,413 4,577 (1,164) (14,819) (4,605) 0 0 0 0 0 (19,424) 146,018 0 (0.13302)
367,240 (48,074) 319,166 (203,959) 115,207 (93,863) (33,354) (22,858) (30,656) (647) (30,009) 0 (6,886) (109) 21,344 608 608 0 21,952 (5,293) 0 0 0 0 0 16,659 146,018 0.11409 0
39