Net sales revenues for the period are as follows:
| |
|
|
|
12/31/2009 |
12/31/2008 |
| Gross sales revenue |
6,070,401 |
4,852,755 |
| Taxes on sales |
(1,094,667) |
(879,690) |
| Discounts and cancellations |
(362,345) |
(282,656) |
| Net Sales |
4,613,389 |
3,690,409 |
Taxes levied on sales consist primarily of ICMS state value added tax (Pay-TV 10%, broadband 25%), ISS municipal taxes on services (5%), federal taxes on revenue PIS (0.65% or 1.65%), and Cofins (3% or 7.65%), and FUST (1%) and Funtel (0.5%) taxes.
All revenues are generated in Brazil.