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Consolidated Balance Sheets (Unaudited) (BRL)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents 20,927 16,742
Inventories 3,781 3,454
Accounts receivable    
Clients 7,804 8,285
Franchisees 8,672 9,483
Allowance for doubtful accounts (899) (1,838)
Prepaid expenses 2,221 1,350
Advances to suppliers 2,779 2,426
Receivables from properties sale (notes 4 and 5) 3,633 3,633
Other current assets 5,031 4,249
TOTAL CURRENT ASSETS 53,949 47,784
Other receivables and other assets (note 4) 14,617 16,258
Deferred tax asset, net 11,842 11,992
Goodwill 799 799
Property and equipment, net 29,263 29,862
Deferred charges, net 5,424 5,866
TOTAL ASSETS 115,894 112,561
CURRENT LIABILITIES:    
Notes payable 9,463 12,972
Accounts payable and accrued expenses 21,002 25,848
Payroll and related accruals 8,059 6,571
Taxes 3,210 4,936
Current portion of deferred income tax 1,105 1,190
Current portion of deferred income (note 7) 2,201 993
Current portion of contingencies and reassessed taxes 1,530 1,580
Other current liabilities 76 79
TOTAL CURRENT LIABILITIES 46,646 54,169
Deferred income, less current portion (note 7) 5,698 2,702
Deferred income tax 763 1,262
NOTES PAYABLE, less current portion 879 1,107
CONTINGENCIES AND REASSESSED TAXES, less current portion (note 4) 19,262 19,251
TOTAL LIABILITIES 73,248 78,491
SHAREHOLDERS' EQUITY:    
Preferred stock, $.01 par value, 5,000 shares authorized; no shares issued 0 0
Common stock, $.0001 par value, 12,500,000 shares authorized; 8,472,927 and 8,472,927 shares issued; 8,129,437 and 8,137,762 shares outstanding 1 1
Additional paid-in capital 61,148 61,148
Treasury Stock (343,490 and 335,165 shares) (2,065) (1,946)
Accumulated Deficit (17,420) (24,946)
Accumulated comprehensive loss (1,130) (1,091)
TOTAL SHAREHOLDERS' EQUITY 40,534 33,166
Non-Controlling Interest 2,112 904
TOTAL EQUITY 42,646 34,070
TOTAL LIABILITIES AND EQUITY 115,894 112,561