2.0.0.10 false Note 16 - Fair value Measurements 00915 - Disclosure - Note 16 - Fair value Measurements true false false false 1 usd $ false false Dollars Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 Shares Standard http://www.xbrl.org/2003/instance shares xbrli 0 2 Notes to Financial Statements [Abstract] 0 pbra_NotesToFinancialStatementsAbstract pbra false na duration string No definition available. false false false false false true false false false false false false 1 false false false false 0 0 false false false No definition available. false 3 Note 16 - Fair value Measurements 1 us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock us-gaap true na duration string No definition available. false false false false false false false false false false false false 1 false false false false 0 0 <div style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"> 16. Fair value Measurements The Companys debt including project financing obligations, resulting from Codification Topic 810 consolidation amounted to US$48,254 at March 31, 2010, and had estimated fair value of US$42,174. The fair value hierarchy for the Companys financial assets and liabilities accounted for at fair value on a recurring basis, at March 31, 2010, was: <div align="left"> <table style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''Times New Roman''''''''''''''''''''''" cellspacing="0" border="0"> <tr> <td width="49%"></td> <td width="14%"></td> <td width="13%"></td> <td width="12%"></td> <td width="8%"></td> </tr> <tr valign="bottom"> <td align="left"> </td> <td align="left" style="border-bottom:1px solid #000000;"> </td> <td align="center" colspan="2" style="border-bottom:1px solid #000000;">As of March 31, 2010 </td> <td align="left" style="border-bottom:1px solid #000000;"> </td> </tr> <tr valign="bottom"> <td align="left"> </td> <td align="right" style="border-bottom:1px solid #000000;">Level 1 </td> <td align="right" style="border-bottom:1px solid #000000;">Level 2 </td> <td align="right" style="border-bottom:1px solid #000000;">Level 3 </td> <td align="right" style="border-bottom:1px solid #000000;">Total </td> </tr> <tr valign="bottom"> <td align="left">Assets </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> </tr> <tr valign="bottom"> <td align="left" style="TEXT-INDENT:3.000000px"> Marketable securities </td> <td align="right">2,557 </td> <td align="right">- </td> <td align="right">- </td> <td align="right">2,557 </td> </tr> <tr valign="bottom"> <td align="left" style="TEXT-INDENT:3.000000px"> Foreign exchange derivatives (Note 3) </td> <td align="right">- </td> <td align="right">62 </td> <td align="right">- </td> <td align="right">62 </td> </tr> <tr valign="bottom"> <td align="left" style="TEXT-INDENT:3.000000px"> Commodity derivatives (Note 3) </td> <td align="right" style="border-bottom:1px solid #000000;">23 </td> <td align="right" style="border-bottom:1px solid #000000;">- </td> <td align="right" style="border-bottom:1px solid #000000;">- </td> <td align="right" style="border-bottom:1px solid #000000;">23 </td> </tr> <tr valign="bottom"> <td align="left"> Total assets </td> <td align="right" style="border-bottom:3px double #000000;">2,580 </td> <td align="right" style="border-bottom:3px double #000000;">62 </td> <td align="right" style="border-bottom:3px double #000000;">- </td> <td align="right" style="border-bottom:3px double #000000;">2,642 </td> </tr> <tr valign="bottom"> <td align="left">Liabilities </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> </tr> <tr valign="bottom"> <td align="left" style="TEXT-INDENT:3.000000px"> Commodity derivatives (Note 3) </td> <td align="right" style="border-bottom:1px solid #000000;">(41) </td> <td align="right" style="border-bottom:1px solid #000000;">- </td> <td align="right" style="border-bottom:1px solid #000000;">- </td> <td align="right" style="border-bottom:1px solid #000000;">(41) </td> </tr> <tr valign="bottom"> <td align="left"> Total liabilities </td> <td align="right" style="border-bottom:3px double #000000;">(41) </td> <td align="right" style="border-bottom:3px double #000000;">- </td> <td align="right" style="border-bottom:3px double #000000;">- </td> <td align="right" style="border-bottom:3px double #000000;">(41) </td> </tr> </table> </div>   </div> <div style="PADDING-RIGHT: 0%; PADDING-LEFT: 0%"> The fair value hierarchy for the Companys non financial assets and liabilities accounted for at fair value on a non-recurring basis at March 31, 2010, was: <div align="left"> <table style="FONT-SIZE: 9pt; WIDTH: 100%; FONT-FAMILY: ''''''''''''''''''''''Times New Roman''''''''''''''''''''''" cellspacing="0" border="0"> <tr> <td width="46%"></td> <td width="18%"></td> <td width="13%"></td> <td width="12%"></td> <td width="8%"></td> </tr> <tr valign="bottom"> <td align="left"> </td> <td align="left" style="border-bottom:1px solid #000000;"> </td> <td align="center" colspan="2" style="border-bottom:1px solid #000000;">As of March 31, 2010 </td> <td align="left" style="border-bottom:1px solid #000000;"> </td> </tr> <tr> <td colspan="5"> </td> </tr> <tr valign="bottom"> <td align="left"> </td> <td align="center" style="border-bottom:1px solid #000000;">Level 1 </td> <td align="center" style="border-bottom:1px solid #000000;">Level 2 </td> <td align="center" style="border-bottom:1px solid #000000;">Level 3 </td> <td align="center" style="border-bottom:1px solid #000000;">Total </td> </tr> <tr> <td colspan="5"> </td> </tr> <tr valign="bottom"> <td align="left">Assets </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> </tr> <tr valign="bottom"> <td align="left" style="TEXT-INDENT:3.000000px"> Long-lived assets held for sale </td> <td align="right"> - </td> <td align="right"> 34 </td> <td align="right"> - </td> <td align="right" style="TEXT-INDENT:4.000000px"> 34 </td> </tr> <tr valign="bottom"> <td align="left" style="TEXT-INDENT:3.000000px"> Long-lived assets held and used </td> <td align="right" style="border-bottom:1px solid #000000;"> - </td> <td align="right" style="border-bottom:1px solid #000000;"> - </td> <td align="right" style="border-bottom:1px solid #000000;"> 93 </td> <td align="right" style="border-bottom:1px solid #000000;">93 </td> </tr> </table> </div>   According with the provisions of ASC Topic 360, long-lived assets held for sale with a carrying amount of US$84 were written down to their fair value of US$34, resulting in an before tax impairment charge of US$50. The fair value was obtained from bids obtained from prospective buyers. In accordance with the provisions of ASC Topic 360, long-lived assets held and used with a carrying amount of US$137 were written down to their fair value of US$93, resulting in an impairment charge of US$44, before taxes, which was included in earnings for the period. </div> 16. Fair value Measurements The Companys debt including project financing obligations, resulting from Codification Topic 810 consolidation amounted to false false false Container for the investments in and advances to affiliates table. Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 14 -Article 12 false false 1 2 false UnKnown UnKnown UnKnown false true