GERDAU - 2004 Annual Report - Consolidated Numbers


Amounts are adjusted to payments and calculated based on the current number of outstanding shares. Dividends paid on preferred shares.		Amounts are adjusted to payments and calculated based on the current number of outstanding shares. Dividends paid on preferred shares.

* Supplementary, non-recurring dividend. Dividend yield is the ratio between the dividend paid per share and the share price on the last day of the year.		Dividend yield is the ratio between the dividend paid per share and the share price on the last day of the year.

Market value is calculated as share price multiplied by the number of shares outstanding in the period.		Market value is calculated as share price multiplied by the number of shares outstanding in the period.

Return on equity (ROE) is the ratio between consolidated net income and consolidated equity.		Return on equity (ROE) is the ratio between consolidated net income and consolidated equity.

Social Responsibility (million R$)	2004	2003
Total investment in social projects	36.5	22.5
Formal education	4.4	2.8
Education for entrepreneurship	3.8	1.9
Education for scientific research	1.5	1.4
Education for total quality	2.3	2.6
Education for volunteer work	0.4	0.2
The arts	18.7	10.9
Health	3.0	1.1
Sports	1.0	0.8
Community action	0.6	0.1
Other	0.8	0.7

Environmental Management	2004	2003
Reuse of industrial water (% of total consumption)	96.7	96.0
Emission of greenhouse gasses (kg of CO₂ per metric ton of steel produced)	550	N.A.*
Use of by-products internally or in other sectors of the economy (% of total volume generated)	66.0	N.A.*

* Not available.

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