Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 45

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 45
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,162 |        7,821 | 6,074 |          4,636 |
| Current                           |  1,891 |        1,384 | 1,646 |          1,204 |
| Non-current                       |  8,271 |        6,437 | 4,428 |          3,432 |

Accounting policy for trade and other receivables

Trade and other receivables are generally classified
at amortized cost, except for certain receivables classified at fair value through profit or loss, whose cash flows are distinct from
the receipt of principal and interest, including receivables with final prices linked to changes in commodity price after their transfer
of control.

When the Company is the lessor in a finance lease,
a receivable is recognized at the amount of the net investment in the lease, consisting of the lease payments receivable and any unguaranteed
residual value accruing to the Company, discounted at the interest rate implicit in the lease.

The company recognizes a provision for expected
credit losses (ECL) for short-term accounts receivable from customers using a provision matrix.

The matrix isbased on unadjusted historical credit loss experience, when such information represents the best reasonable and sustainable information, or, adjusted, based on current observable data, to reflect the effects of current and future conditions, provided that such data is available without excessive cost or effort.

ECL is the weighted average of historical credit
losses with the respective default risks, which may occur according to the weightings. The credit loss on a financial asset is measured
by the difference between all contractual cash flows due to the Company and all cash flows the Company expects to receive, discounted
at the original effective interest rate.

The Company measures the allowance for ECL of other
trade receivables based on their 12-month expected credit losses unless their credit risk increases significantly since their initial
recognition, in which case the allowance is based on their lifetime ECL.

When determining whether there has been a significant
increase in credit risk, the Company compares the risk of default on initial recognition and at the reporting date.

Regardless of the assessment of credit risk, a
30-day period of default triggers the definition of significant increase in credit risk on a financial asset, unless otherwise demonstrated
by reasonable and supportable information, such as the existence of contractual or financial guarantees, which have the potential to influence
credit risk, thus affecting the application of the risk matrix percentages.

The