BACEN: Brazilian Central Bank.
BY-LAWS: The Company’s Bylaws.
BNDES: Brazilian Development Bank.
BNDESPAR: BNDES Participações S.A.
BOVESPA: São Paulo Stock Exchange.
BR GAAP: Brazilian Generally Accepted Accounting Principles.
BREAKAGES: Loss of products in the stores as a result of expired, mishandled or stolen products.
