SAO PAULO, BRAZIL -- (Marketwire) -- 05/15/12 -- CCR S.A. (CCR) (BOVESPA: CCRO3), Brazil's largest road concession operator in revenue terms, hereby announces its results for the first quarter and the year of 2012.
Presentation of the Results
The Quarterly Financial Statements (ITR) have been drawn up and are presented in accordance with accounting practices adopted in Brazil for the Parent Company, and comply with International Financial Reporting Standards ("IFRS"), issued by the International Accounting Standards Board (IASB") for the consolidated results, as well as being pursuant to the conditions set out under Brazilian Corporation Law, rules defined by the Brazilian Securities Exchange Commission (CVM") and the Pronouncements Guidelines and Interpretations issued by the Accounting Statements Committee ("CPC"), applied in a manner consistent with the accounting practices described in Explanatory Note No. 3 accompanying these quarterly financial statements.
Unless otherwise stated, the financial and operational information set out below is presented on a consolidated basis in thousands of Reais, in accordance with Brazilian Corporation Law, with comparisons referring to 1Q11.
Non-financial information, as well as other operational information, has not been reviewed by the independent auditors.
The figures presented take into consideration the changes introduced by the IFRS and their respective impact, as described in the Press Release for 2010 in the section "IFRS Conceptual Supplement," which is available on our website.