Edgar Filing: BRASKEM SA

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of November, 2013

(Commission File No. 1-14862 )

BRASKEM S.A.

(Exact Name as Specified in its Charter)

N/A

(Translation of registrant's name into English)

Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ___X___ Form 40-F ______

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1). _____

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7). _____

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ______ No ___X___

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.

Braskem S.A.

Quarterly Information (ITR) at

September 30, 2013

and Independent Auditors' Report Review

Report on Review of Quarterly Information

To the Board of Directors and Shareholders

Braskem S.A.

Introduction

We have reviewed the accompanying parent company and consolidated interim accounting information of Braskem S.A., included in the Quarterly Information Form (ITR) for the quarter ended September 30, 2013, comprising the balance sheet at that date and the statements of operations and comprehensive income for the quarter and nine-month periods then ended, and the statements of changes in equity and cash flows for the nine-month period then ended, and a summary of significant accounting policies and other explanatory information.

Management is responsible for the preparation of the parent company interim accounting information in accordance with the accounting standard CPC 21, Interim Financial Reporting, of the Brazilian Accounting Pronouncements Committee (CPC), and of the consolidated interim accounting information in accordance with CPC 21 and International Accounting Standard (IAS) 34, Interim Financial Reporting issued by the International Accounting Standards Board (IASB), as well as the presentation of this information in accordance with the standards issued by the Brazilian Securities Commission (CVM), applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim accounting information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial Information (NBC TR 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity and ISRE 2410 – Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on the parent company interim information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying parent company interim accounting information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 applicable to the preparation of the Quarterly Information, and presented in accordance with the standards issued by the CVM.

Conclusion on the consolidated interim information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated interim accounting information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 and IAS 34 applicable to the preparation of the Quarterly Information, and presented in accordance with the standards issued by the CVM.

Other matters

Statements of value added

We have also reviewed the parent company and consolidated statements of value added for the nine-month period ended September 30, 2013. These statements are the responsibility of the Company’s management, and are required to be presented in accordance with standards issued by the CVM applicable to the preparation of Quarterly Information (ITR) and are considered supplementary information under IFRS, which do not require the presentation of the statement of value added. These statements have been submitted to the same review procedures described above and, based on our review, nothing has come to our attention that causes us to believe that they have not been prepared, in all material respects, in a manner consistent with the parent company and consolidated interim accounting information taken as a whole.

Salvador, November 7, 2013

PricewaterhouseCoopers

Auditores Independentes rtr

CRC 2SP000160/O-5 "F" BA

Fábio Cajazeira Mendes

Contador CRC 1SP196825/O-0 "S" BA

Braskem S.A.

Balance sheet

at September 30, 2013

All amounts in thousands of reais

			Consolidated		Parent Company
Assets		Note	Sep/2013	Dec/2012	Sep/2013	Dec/2012
		2.2.1		Revised		Revised
Current assets
	Cash and cash equivalents	4	3,854,933	3,287,622	2,822,039	1,627,928
	Financial investments	5	61,968	172,146	61,936	155,535
	Trade accounts receivable	6	2,633,775	2,326,480	3,101,930	1,834,491
	Inventories	7	4,897,296	4,102,055	2,850,395	2,478,550
	Taxes recoverable	9	1,709,696	1,476,211	1,184,171	1,005,842
	Dividends and interest on capital		439	2,645	135,851	130,145
	Prepaid expenses		94,843	54,013	31,047	14,153
	Related parties	8	31,750	13,912	110,262	13,906
	Insurance claims		147,025	160,981	141,308	160,981
	Other receivables		558,597	818,434	499,400	761,450

			13,990,322	12,414,499	10,938,339	8,182,981

Non-current assets held for sale		3(a)	277,828	277,828

			14,268,150	12,692,327	10,938,339	8,182,981

Non-current assets
	Financial investments	5	31,592	34,489	31,589	34,088
	Trade accounts receivable	6	103,393	37,742	101,572	35,710
	Taxes recoverable	9	1,394,606	1,527,134	934,987	1,026,391
	Deferred income tax and social contribution	16(b)	2,480,208	2,062,009	1,528,332	1,100,611
	Judicial deposits		183,015	179,618	170,850	164,443
	Related parties	8	132,479	127,627	457,045	988,589
	Insurance claims		67,470	47,255	65,864	45,649
	Other receivables		279,281	218,279	118,336	153,466
	Investments in subsidiaries and jointly-controlled investments	10	113,297	118,787	10,043,822	9,591,644
	Other investments		6,499	6,948	6,123	6,575
	Property, plant and equipment	11	23,815,257	21,176,785	11,586,324	11,794,385
	Intangible assets	12	2,910,171	2,940,966	2,222,787	2,241,565

			31,517,268	28,477,639	27,267,631	27,183,116

Total assets			45,785,418	41,169,966	38,205,970	35,366,097

The Management notes are an integral part of the financial statements

Braskem S.A.

Balance sheet
at September 30, 2013
All amounts in thousands of reais	Continued

			Consolidated		Parent Company
Liabilities and shareholders' equity		Note	Sep/2013	Dec/2012	Sep/2013	Dec/2012
		2.2.1		Revised		Revised
Current liabilities
	Trade payables		9,715,114	8,897,597	8,598,940	6,446,898
	Borrowings	13	2,492,015	1,836,028	3,033,300	1,887,811
	Project finance	14	15,847
	Derivatives operations	20.2	116,288	293,378	22,889	293,378
	Payroll and related charges		458,815	349,176	322,838	249,275
	Taxes payable	15	398,289	342,789	283,039	245,173
	Dividends and interest on capital		4,050	5,369	1,273	2,160
	Advances from customers		274,216	237,504	36,593	257,079
	Sundry provisions	17	52,150	52,264	20,490	11,930
	Post-employment benefits	18	187,662	147,175	187,647	147,175
	Accounts payable to related parties	8			138,731	206,991
	Other payables		115,158	385,577	18,749	29,478

			13,829,604	12,546,857	12,664,489	9,777,348


Non-current liabilities held for sale		3(a)	109,770	109,770

			13,939,374	12,656,627	12,664,489	9,777,348

Non-current liabilities
	Borrowings	13	15,671,336	15,675,610	10,254,546	10,534,287
	Project finance	14	3,284,212
	Derivatives operations	20.2	359,229		359,229
	Taxes payable	15	1,006,065	1,164,753	900,982	1,059,225
	Accounts payable to related parties	8			4,192,502	3,667,754
	Long-term incentives		9,575	10,405	9,575	10,405
	Deferred income tax and social contribution	16(b)	2,254,591	2,138,622	1,073,689	1,015,743
	Post-employment benefits	18	40,393	36,602
	Provision for losses on subsidiaries and jointly-controlled investments				130,184	119,375
	Advances from customers		163,069	204,989	58,538	80,463
	Sundry provisions	17	378,097	363,411	187,678	144,782
	Other payables		504,692	266,963	277,489	343,652

			23,671,259	19,861,355	17,444,412	16,975,686

Shareholders' equity		21
	Capital		8,043,222	8,043,222	8,043,222	8,043,222
	Capital reserve		232,430	797,979	232,430	797,979
	Other comprehensive income		(685,336)	337,411	(685,336)	337,411
	Treasury shares		(48,892)	(48,892)
	Profit (loss) accumulated		506,753	(565,549)	506,753	(565,549)

	Total attributable to the Company's shareholders		8,048,177	8,564,171	8,097,069	8,613,063

	Non-controlling interest	2.4	126,608	87,813

			8,174,785	8,651,984	8,097,069	8,613,063

Total liabilities and shareholders' equity			45,785,418	41,169,966	38,205,970	35,366,097

The Management notes are an integral part of the financial statements

Braskem S.A.

Statement of operations and statement of comprehensive income for the period

at September 30, 2013

All amounts in thousands of reais, except earnings (loss) per share

						Consolidated
			3Q		YTD
		Note	2013	2012	2013	2012
		3(b)		Revised		Revised
Continued operations
Net sales revenue		23	10,700,268	9,254,201	29,523,643	26,281,860
	Cost of products sold		(9,006,096)	(8,272,765)	(25,792,392)	(23,900,876)

Gross profit			1,694,172	981,436	3,731,251	2,380,984

Income (expenses)
	Selling		(242,149)	(245,711)	(728,717)	(692,565)
	General and administrative		(271,632)	(242,278)	(736,791)	(743,062)
	Research and development		(27,905)	(28,335)	(79,146)	(79,692)
	Results from equity investments	10(c)	1,493	(34,827)	(1,701)	(32,747)
	Other operating income (expenses), net		(45,899)	5,712	(100,057)	288,181

Operating profit			1,108,080	435,997	2,084,839	1,121,099

Financial results		24
	Financial expenses		(573,667)	(553,763)	(1,799,481)	(3,129,522)
	Financial income		38,107	(13,222)	490,938	353,100

			(535,560)	(566,985)	(1,308,543)	(2,776,422)

Profit (loss) before income tax and
social contribution			572,520	(130,988)	776,296	(1,655,323)

	Current and deferred income tax and social contribution	16(a)	(178,702)	59,284	(283,899)	682,693
			(178,702)	59,284	(283,899)	682,693

Profit (loss) for the period of continued operations			393,818	(71,704)	492,397	(972,630)

Discontinued operations results		3(b)
	Profit (loss) from discontinued operations			(49,968)		(20,028)
	Current and deferred income tax and social contribution			(2,576)		(12,570)
				(52,544)		(32,598)

Profit (loss) for the period			393,818	(124,248)	492,397	(1,005,228)

Attributable to:
	Company's shareholders		392,915	(134,605)	485,601	(1,011,464)
	Non-controlling interest	2.4	903	10,357	6,796	6,236

Profit (loss) for the period			393,818	(124,248)	492,397	(1,005,228)

Other comprehensive income or loss:
	Fair value of cash flow hedge		(58,149)	625	(130,375)	16,238
	Income tax and social contribution		4,253	(213)	28,810	(5,522)
			(53,896)	412	(101,565)	10,716

	Exchange variation of foreign sales hedge		(97,304)		(1,542,676)
	Income tax and social contribution		33,084		524,510
			(64,220)		(1,018,166)

	Foreign currency translation adjustment		8,441	17,177	116,691	66,446

Total other comprehensive income or loss			(109,675)	17,589	(1,003,040)	77,162

Total comprehensive income or loss for the period			284,143	(106,659)	(510,643)	(928,066)

Attributable to:
	Company's shareholders - continued operations		295,168	(70,083)	(514,033)	(919,961)
	Company's shareholders - discontinued operations			(52,544)		(32,598)
	Non-controlling interest		(11,025)	15,968	3,390	24,493

Total comprehensive income or loss for the period			284,143	(106,659)	(510,643)	(928,066)

The Management notes are an integral part of the financial statements

Braskem S.A.

Statement of operations and statement of comprehensive income for the period
at September 30, 2013
All amounts in thousands of reais, except earnings (loss) per share	Continued

			Consolidated
			YTD
		Note	2013	2012

Profit (loss) per share attributable to the shareholders of the Company
of continued operations at the end of the period (R$)		22
	Basic earnings per share - common		0.6100	(1.2289)
	Basic earnings per share - preferred		0.6100	(1.2289)
	Diluted earnings per share - common		0.6102	(1.2285)
	Diluted earnings per share - preferred		0.6102	(1.2285)


Profit (loss) per share attributable to the shareholders of the Company
of descontinued operations at the end of the period (R$)		3(b)
	Basic earnings per share - common			(0.0409)
	Basic earnings per share - preferred			(0.0409)
	Diluted earnings per share - common			(0.0409)
	Diluted earnings per share - preferred			(0.0409)


Profit (loss) per share attributable to the shareholders of the Company
at the end of the period (R$)
	Basic earnings per share - common		0.6100	(1.2698)
	Basic earnings per share - preferred		0.6100	(1.2698)
	Diluted earnings per share - common		0.6102	(1.2694)
	Diluted earnings per share - preferred		0.6102	(1.2694)

The Management notes are an integral part of the financial statements

Braskem S.A.

Statement of operations and statement of comprehensive income for the period
at September 30, 2013
All amounts in thousands of reais, except earnings (loss) per share	Continued

						Parent Company
			3Q		YTD
		Note	2013	2012	2013	2012

Continued operations
Net sales revenue		23	6,337,171	5,521,331	17,645,495	15,217,855
	Cost of products sold		(5,205,537)	(4,836,705)	(15,193,655)	(13,582,928)

Gross profit			1,131,634	684,626	2,451,840	1,634,927

Income (expenses)
	Selling		(162,192)	(144,127)	(456,707)	(418,867)
	General and administrative		(165,895)	(170,457)	(476,078)	(511,731)
	Research and development		(20,772)	(22,945)	(59,713)	(62,562)
	Results from equity investments	10(c)	186,451	(55,848)	221,386	196,242
	Other operating income (expenses), net		(31,107)	(11,423)	(39,431)	30,075

Operating profit			938,119	279,826	1,641,297	868,084

Financial results		24
	Financial expenses		(535,636)	(541,698)	(1,427,046)	(2,778,412)
	Financial income		108,188	56,868	461,474	257,850

			(427,448)	(484,830)	(965,572)	(2,520,562)

Profit (loss) before income tax and
social contribution			510,671	(205,004)	675,725	(1,652,478)

	Current and deferred income tax and social contribution	16(a)	(117,756)	70,399	(190,124)	641,014
			(117,756)	70,399	(190,124)	641,014

Profit (loss) for the period of continued operations			392,915	(134,605)	485,601	(1,011,464)

Other comprehensive income or loss:
	Fair value of cash flow hedge		(12,510)	625	(84,736)	16,238
	Income tax and social contribution		4,253	(213)	28,810	(5,522)
			(8,257)	412	(55,926)	10,716

	Fair value of cash flow hedge of foreign subsidiaries		(34,229)		(34,229)

	Exchange variation of foreign sales hedge		(97,304)		(1,542,676)
	Income tax and social contribution		33,084		524,510
			(64,220)		(1,018,166)

	Foreign currency translation adjustment		8,959	11,566	108,687	48,189

Total other comprehensive income or loss			(97,747)	11,978	(999,634)	58,905

Total comprehensive income for the period			295,168	(122,627)	(514,033)	(952,559)

The Management notes are an integral part of the financial statements

Braskem S.A.

Statement of changes in shareholder’s equity

All amounts in thousands of reais

		Consolidated
		Attributed to shareholders' interest
				Revenue reserves						Retained	Total
						Unrealized	Additional	Other		earnings	Braskem		Total
			Capital	Legal	Tax	profit	dividends	comprehensive	Treasury	(accumulated	shareholders'	Non-controlling	shareholders'
	Note	Capital	reserve	reserve	incentives	reserve	proposed	income	shares	deficit)	interest	interest	equity

At December 31, 2011		8,043,222	845,998	87,710	4,547	16,457	482,593	315,586	(60,217)	28,692	9,764,588	215,322	9,979,910

Comprehensive income for the period:
Loss for the period										(1,011,464)	(1,011,464)	6,236	(1,005,228)
Fair value of cash flow hedge, net of taxes								10,716			10,716		10,716
Foreign currency translation adjustment								48,189			48,189	18,257	66,446
								58,905		(1,011,464)	(952,559)	24,493	(928,066)

Equity valuation adjustments
Realization of deemed cost of jointly-controlled investment, net of taxes								(710)		710
Realization of additional property, plant and equipment price-level
restatement, net of taxes								(20,427)		20,427
								(21,137)		21,137

Contributions and distributions to shareholders:
Additional dividends approved at Shareholders’ Meeting							(482,593)				(482,593)		(482,593)
Capital increase of non-controlling shareholders												23,613	23,613
Gain on interest in subsidiary								1,982			1,982	(1,982)
Repurchase of treasury shares									(36,694)		(36,694)		(36,694)
							(482,593)	1,982	(36,694)		(517,305)	21,631	(495,674)

At September 30, 2012		8,043,222	845,998	87,710	4,547	16,457		355,336	(96,911)	(961,635)	8,294,724	261,446	8,556,170

At December 31, 2012 (revised)	2.2.1	8,043,222	797,979					337,411	(48,892)	(565,549)	8,564,171	87,813	8,651,984

Comprehensive income for the period:
Profit for the period										485,601	485,601	6,796	492,397
Exchange variation of foreign sales hedge, net of taxes								(1,018,166)			(1,018,166)		(1,018,166)
Fair value of cash flow hedge, net of taxes								(90,155)			(90,155)	(11,410)	(101,565)
Foreign currency translation adjustment								108,687			108,687	8,004	116,691
								(999,634)		485,601	(514,033)	3,390	(510,643)

Equity valuation adjustments
Realization of deemed cost of jointly-controlled investment, net of taxes								(20,427)		20,427
Realization of additional property, plant and equipment price-level
restatement, net of taxes								(725)		725
								(21,152)		21,152

Contributions and distributions to shareholders:
Absorption of losses	21(d)		(565,549)							565,549
Capital increase of non-controlling shareholders												35,405	35,405
Loss on interest in subsidiary								(1,961)			(1,961)		(1,961)
			(565,549)					(1,961)		565,549	(1,961)	35,405	33,444

At September 30, 2013		8,043,222	232,430					(685,336)	(48,892)	506,753	8,048,177	126,608	8,174,785

The Management notes are an integral part of the financial statements

Braskem S.A.

Statement of changes in shareholder’s equity

All amounts in thousands of reais

Parent Company

Revenue reserves

Retained

Unrealized

Additional

Other

earnings

Total

Capital

Legal

Tax

profit

dividends

comprehensive

Treasury

(accumulated

shareholders'

Note

Capital

reserve

incentives

reserve

proposed

income

shares

deficit)

equity

At December 31, 2011

8,043,222

845,998

87,710

4,547

16,457

482,593

315,586

(11,325)

28,692

9,813,480

Comprehensive income for the period:

Loss for the period

(1,011,464)

Fair value of cash flow hedge, net of taxes

10,716

Foreign currency translation adjustment

48,189

58,905

(1,011,464)

(952,559)

Equity valuation adjustments

Realization of deemed cost of jointly-controlled investment, net of taxes

(710)

710

Realization of additional property, plant and equipment price-level

restatement, net of taxes

(20,427)

20,427

(21,137)

21,137

Contributions and distributions to shareholders:

Additional dividends approved at Shareholders’ Meeting

(482,593)

Gain on interest in subsidiary

1,982

Repurchase of treasury shares

(36,694)

(482,593)

1,982

(36,694)

(517,305)

At September 30, 2012

8,043,222

845,998

87,710

4,547

16,457

355,336

(48,019)

(961,635)

8,343,616

At December 31, 2012 (revised)

2.2.1

8,043,222

797,979

337,411

(565,549)

8,613,063

Comprehensive income for the period:

Profit for the period

485,601

Exchange variation of foreign sales hedge, net of taxes

(1,018,166)

Fair value of cash flow hedge, net of taxes

(90,155)

Foreign currency translation adjustment

108,687

(999,634)

485,601

(514,033)

Equity valuation adjustments

Realization of deemed cost of jointly-controlled investment, net of taxes

(725)

725

Realization of additional property, plant and equipment price-level

restatement, net of taxes

(20,427)

20,427

(21,152)

21,152

Contributions and distributions to shareholders:

Absorption of losses

21(d)

(565,549)

565,549

Loss on interest in subsidiary

(1,961)

(565,549)

(1,961)

565,549

(1,961)

At September 30, 2013

8,043,222

232,430

(685,336)

506,753

8,097,069

The Management notes are an integral part of the financial statements

Braskem S.A.

Statement of cash flows

at September 30, 2013

All amounts in thousands of reais

			Consolidated		Parent Company
		Note	Sep/2013	Sep/2012	Sep/2013	Sep/2012

Profit (loss) before income tax and social contribution
	and after of discontinued operations results		776,296	(1,675,351)	675,725	(1,652,478)

Adjustments for reconciliation of loss
	Depreciation, amortization and depletion		1,511,544	1,436,596	958,986	884,551
	Results from equity investments		1,701	32,747	(221,386)	(196,242)
	Interest and monetary and exchange variations, net		858,224	2,014,083	811,764	1,656,561
	Other		10,989	(13,271)	(27,560)	66,707

			3,158,754	1,794,804	2,197,529	759,099

Changes in operating working capital
	Held-for-trading financial investments		118,922	(46,819)	108,515	(64,122)
	Trade accounts receivable		(374,766)	(700,603)	(1,431,109)	(630,257)
	Inventories		(771,260)	(291,830)	(307,173)	(198,835)
	Taxes recoverable		(56,933)	(495,471)	(65,733)	(309,235)
	Prepaid expenses		(40,830)	46,935	(16,894)	35,675
	Other receivables		(93,869)	(71,765)	(91,709)	(67,889)
	Trade payables		387,054	2,177,544	1,721,580	1,890,048
	Taxes payable		(135,998)	(278,425)	(179,983)	(301,217)
	Long-term incentives		(830)	(5,169)	(830)	(5,168)
	Advances from customers		(5,208)	85,507	(242,411)	414,852
	Sundry provisions		14,572	17,257	9,649	19,534
	Other payables		102,098	341,467	142,201	230,727

Cash from operations			2,301,706	2,573,432	1,843,632	1,773,212

	Interest paid		(752,013)	(525,356)	(365,807)	(451,337)
	Transactions costs paid	14	(33,165)
	Income tax and social contribution paid		(44,024)	(29,429)	(21,352)	(29,809)

Net cash generated by operating activities			1,472,504	2,018,647	1,456,473	1,292,066

Proceeds from the sale of fixed assets			1,820	6,026
Proceeds from the sale of investments			387,036		387,036
Cash effect from incorporated subsidiary						394
Acquisitions of investments in subsidiaries and associates			(31)		(107,242)	(110,536)
Acquisitions to property, plant and equipment			(3,921,867)	(1,850,714)	(721,055)	(1,121,218)
Acquisitions of intangible assets			(12,425)	(8,130)	(11,927)	(7,655)
Held-for-trading and available for sale financial investments			10,037	(6,626)	3,762	13,045

Net cash used in investing activities			(3,535,430)	(1,859,444)	(449,426)	(1,225,970)

Short-term and long-term debt
	Obtained borrowings		5,416,263	5,596,279	4,260,796	3,127,193
	Payment of borrowings		(6,175,992)	(5,085,521)	(4,516,360)	(4,175,358)
Project finance		14
	Obtained borrowings		3,316,211
Related parties
	Obtained loans				325,880	1,794,853
	Payment of loans				256,332	(293,928)
	Net current transactions				(139,551)	123,918
Dividends paid			(33)	(19)	(33)	(19)
Non-controlling interests in subsidiaries			32,712	17,426
Repurchase of treasury shares				(36,694)		(36,694)

Net cash provided by financing activities			2,589,161	491,471	187,064	539,965

Exchange variation on cash of foreign subsidiaries			41,076	(34,076)

Increase in cash and cash equivalents			567,311	616,598	1,194,111	606,061

Represented by
	Cash and cash equivalents at the beginning for the period		3,287,622	2,952,272	1,627,928	2,224,335
	Cash and cash equivalents at the end for the period		3,854,933	3,568,870	2,822,039	2,830,396

Increase in cash and cash equivalents			567,311	616,598	1,194,111	606,061

The Management notes are an integral part of the financial statements

Braskem S.A.

Statement of value added

at September 30, 2013

All amounts in thousands of reais

			Consolidated		Parent Company
Continued and discontinued operations		Nota	Sep/2013	Sep/2012	Sep/2013	Sep/2012

Revenue			34,047,876	31,918,080	20,722,932	18,366,760
	Sale of goods, products and services, including discontinued operations	3(b)	34,144,835	31,633,956	20,760,430	18,340,952
	Other income (expenses), net		(65,118)	319,978	(11,439)	46,934
	Allowance for doubtful accounts		(31,841)	(35,854)	(26,059)	(21,126)
Inputs acquired from third parties			(28,717,840)	(26,615,578)	(17,345,262)	(15,002,976)
	Cost of products, goods and services sold		(27,741,565)	(25,641,686)	(16,728,643)	(14,406,977)
	Material, energy, outsourced services and others		(976,318)	(968,887)	(614,858)	(595,920)
	Impairment of assets		43	(5,005)	(1,761)	(79)
Gross value added			5,330,036	5,302,502	3,377,670	3,363,784

Depreciation, amortization and depletion		3(b)	(1,511,544)	(1,436,596)	(958,986)	(884,551)

Net value added produced by the entity			3,818,492	3,865,906	2,418,684	2,479,233

Value added received in transfer			489,492	332,018	683,116	454,239
	Results from equity investments	3(b)	(1,701)	(32,747)	221,386	196,242
	Financial income	3(b)	490,938	364,564	461,474	257,850
	Other		255	201	256	147

Total value added to distribute			4,307,984	4,197,924	3,101,800	2,933,472


Personnel			604,572	622,747	378,268	367,267
	Direct compensation		471,497	467,252	297,345	266,693
	Benefits		98,315	119,606	53,460	74,287
	FGTS (Government Severance Pay Fund)		34,760	35,889	27,463	26,287

Taxes, fees and contributions			1,310,277	1,312,116	729,475	705,611
	Federal		692,971	(101,677)	280,400	(305,607)
	State		605,197	1,390,302	444,625	1,006,139
	Municipal		12,109	23,491	4,450	5,079

Remuneration on third parties' capital			1,900,738	3,268,289	1,508,456	2,872,058
	Financial expenses (including exchange variation)		1,778,486	3,129,692	1,412,247	2,768,283
	Rentals		122,252	138,597	96,209	103,775

Remuneration on own capital			492,397	(1,005,228)	485,601	(1,011,464)
	Profit for the period	3(b)	485,601	(978,866)	485,601	(1,011,464)
	Non-controlling interests in profit (loss) for the period		6,796	6,236
	Profit from discontinued operations			(32,598)

Value added distributed			4,307,984	4,197,924	3,101,800	2,933,472

The Management notes are an integral part of the financial statements

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

1. Operations

Braskem S.A. (hereinafter “Parent Company”) is a public corporation headquartered in Camaçari, Bahia, which jointly with its subsidiaries (hereinafter “Braskem” or “Company”), operates 36 industrial units, 29 in Brazil, 5 in the United States and 2 in Germany.

Braskem S.A. is controlled by Odebrecht S.A. (“Odebrecht”), which directly and indirectly holds interests of 50.11% and 38.32% in its voting and total capital, respectively.

(a) Material corporate and operating events

(a.1) On August 17, 2012, the Company inaugurated, in Marechal Deodoro, Alagoas, a new plant with annual production capacity of 200 kton of polyvinyl chloride (“PVC”). With the plant’s opening, Braskem’s annual PVC production capacity increased to 710 kton (unaudited).

(a.2) On September 13, 2012, the Company inaugurated, in the Triunfo Petrochemical Complex in the state of Rio Grande do Sul, a new plant with annual production capacity of 103 kton (unaudited) of butadiene. The new plant is already operating at full production capacity.

(a.3) In the last quarter of 2012, the ownership interests held in Cetrel and Braskem Distribuidora were divested, for R$208,100 and R$444,000, respectively. The Parent Company held 54.2% of the total and voting capital of Cetrel and 100% of the capital of Braskem Distribuidora.

(a.4) On May 15, 2013, the Extraordinary Shareholders Meeting approved the increase in the capital stock of the subsidiary Braskem Idesa S.A.P.I. (“Braskem Idesa”), without the issue of new shares, in the amount of R$141,620 (Mex$850,061 thousands), through capital injection of R$ 106,214 (Mex$ 637,546 thousands) by the parent company and R$ 35,406 (Mex$ 212,515 thousands) by the non-controlling shareholder.

(a.5) On July 1, 2013, the Parent Company acquired 2 thousand common shares of Odebrecht Comercializadora de Energia S.A. (“OCE”), equivalent to 20% of the capital of that company, whose main corporate purpose is to buy and sell energy in the spot market. Due to the provisions in the shareholders' agreement, this investment was classified as a jointly-controlled investment.

(a.6) On August 30, 2013, the Extraordinary Shareholders' Meeting approved the merger of Rio Polímeros S.A. (“Riopol”) with Braskem Qpar S.A. (“Braskem Qpar”) and the increase in its capital from R$4,252,353 to R$7,131,165.

(b) Net working capital

On September 30, 2013, net working capital of the Parent Company was negative R$1,726,150. On the other hand, net working capital at the Consolidated was positive R$328,776. Given that the consolidated figures are used in the management of working capital, since the Company uses mechanisms to transfer funds between the companies efficiently without jeopardizing the fulfillment of the commitments of each of the entities forming the consolidated statements, any analysis of the Parent Company’s working capital will not reflect the actual liquidity position of the consolidated group.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

Additionally, Braskem has three revolving credit lines in the amounts of:

(i) US$350 million that may be used without restrictions for a period of four years as from November 2012; and (ii) US$250 million that may be used without restrictions for a period of five years as from August 2011; and (iii) R$450 million for a period of three years as from December 2012.

These credit facilities enable Braskem to reduce the amount of cash it holds. Up to September 30, 2013, Braskem had not drawn credit from these lines.

(c) Effect of foreign exchange variation

The Company has balances and transactions in other currencies, mainly in U.S. dollar, as well as financial investments, trade accounts receivable, trade payables, borrowings and sales. The balances of assets and liabilities are translated based on the exchange rate at the end of each period, while transactions are based on the effective exchange rate on the date each operation occurs. These rates are informed by the Central Bank of Brazil.

The following table shows the U.S. dollar average and end-of-period exchange rates for the periods in this report:

U.S. dollar, end of period
September 2013	R$2.2300
December 2012	R$2.0435
Appreciation of the U.S. dollar in relation to the Brazilian real	9.13%

Average U.S. dollar rate
Nine-month period ended September 30, 2013	R$2.1223
Nine-month period ended September 30, 2012	R$1.9213
Appreciation of the U.S. dollar in relation to the Brazilian real	10.46%

2. Summary of significant accounting policies

2.1. Basis of preparation

This Quarterly Information should be read together with the financial statements of Braskem as of December 31, 2012, which were prepared and presented in accordance with accounting practices adopted in Brazil, including the pronouncements issued by the Brazilian Accounting Pronouncements Committee (CPC), and in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB).

The preparation of the quarterly information requires the use of certain critical accounting estimates. It also requires the Management of the Company to exercise its judgment in the process of applying its accounting policies. There were no changes in the assumptions and judgments made by the Company’s management in the use of estimates for the preparation of the Quarterly Information in relation to those used in the December 31, 2012 financial statements.

The statement of operations and statement of comprehensive income for the third quarter of 2012 and for the period ended September 30, 2012, as well as their respective Notes for the period ended September 30, 2012 were revised (Note 2.2.1) to reflect as discontinued operations of Cetrel S.A. (“Cetrel”) and Distribuidora de Água Camaçari S.A. (“Braskem Distribuidora”) resulting from their divestments and IQ Soluções & Química S.A. (“Quantiq”) and IQAG Armazéns Gerais Ltda resulting from the decision to divest (“IQAG”) (Note 3).

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

The balance sheet and statement of changes in shareholders' equity as on December 31, 2012, were revised to reflect the effects of the retroactive application of CPC 33 (R1) and IAS 19, as explained in Note 18.

(a) Consolidated quarterly information

The consolidated Quarterly Information was prepared and is being presented in accordance with the pronouncements CPC 21 (R1) and IAS 34 - Interim Financial Reporting, which establish the minimum content for interim financial statements.

(b) Parent company quarterly information

The parent company Quarterly Information was prepared and is being presented in accordance with pronouncement CPC 21(R1).

2.2. Accounting policies

There were no changes in the accounting practices used in the preparation of the Quarterly Information in relation to those presented in the December 31, 2012 financial statements, except as presented in Notes 2.2.1, and 2.2.2.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

2.2.1 Revised - Post-employment benefits

The post-employment benefits are financed by contributions to pension funds and the use of actuarial assumptions is necessary to measure the liability and the expenses of the plans, as well as the existence of actuarial gains and losses.

The liability recognized in respect of these plans is the present value of the defined benefit obligation at the balance sheet date, less the fair value of plan assets, adjusted by actuarial gains or losses and past-service costs.

The cost components of post-employment benefits are recognized as follows:

(i) actuarial gains and losses from the actuarial remeasurement are recognized under “other comprehensive income”.

(ii) costs of past services are recognized as profit or loss as they are incurred; and

(iii) the net amount of interest on the assets and liabilities of the plan are recorded in the financial results of the period.

Until 2012, item (i) above was not recognized if lower than 10% (a) of the amount of the current defined benefit obligation; and (b) of the fair value of any plan assets. As of 2013, the amount must be recognized at the moment it is determined. The effects of this change are described in the table below:

Dec/2012

Consolidated

Parent company

Post-

employment

Assets

Published

benefits

Revised

Published

benefits

Revised

Current assets and non-current assets

held for sale

12,692,327

8,182,981

Non-current

Deferred income tax and social contribution

2,055,621

6,388

2,062,009

1,100,611

Investments in subsidiaries and

jointly-controlled subsidiaries

9,603,460

(11,816)

9,591,644

Other non-current assets

26,415,630

16,490,861

28,471,251

6,388

28,477,639

27,194,932

(11,816)

27,183,116

Total assets

41,163,578

6,388

41,169,966

35,377,913

(11,816)

35,366,097

Liabilities

Current liabilities and non-current liabilities

held for sale

12,656,627

9,777,348

Non-current

Deferred income tax and social contribution

2,138,622

1,015,743

Other non-current liabilities

17,704,529

18,204

17,722,733

15,959,943

19,843,151

18,204

19,861,355

16,975,686

Equity

Other comprehensive income

349,227

(11,816)

337,411

349,227

(11,816)

337,411

Other equity

8,226,760

8,275,652

Total attributable to the Company's shareholders

8,575,987

(11,816)

8,564,171

8,624,879

(11,816)

8,613,063

Non-controlling interest

87,813

8,663,800

(11,816)

8,651,984

8,624,879

(11,816)

8,613,063

Total liabilities and equity

41,163,578

6,388

41,169,966

35,377,913

(11,816)

35,366,097

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

2.2.2 Non derivative instruments and hedge operations

Management designated non-derivative financial instruments as hedges for the flow of highly probable future exports.

The effective portion of the foreign exchange variation on financial liabilities designated and qualified as hedges for the flow of exports is recognized in "other comprehensive income". These amounts are transferred to the “financial result” in the periods when the item covered by hedge affects the result. The not effective portion is immediately booked at the statement of operations as “financial result”.

When a hedge instrument expires, is sold, or no longer meets the criteria for hedge accounting, it is discontinued prospectively and all the accumulated gain or loss in shareholders' equity remains there and is recognized in the profit or loss of the year when the hedged item or transaction impacts the result. If the hedged item or transaction is settled in advance or discontinued or is not expected to occur, the accumulated gain or loss in shareholders' equity is immediately transferred to "financial results".

Cash flow hedge operations held by the Company are described in Note 20.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

2.3. Consolidated quarterly information

The consolidated quarterly information includes the quarterly information of the Parent Company and companies in which it, directly or indirectly, maintains a controlling equity interest or controls the activities, as presented below:

			Total interest - %
			Headquarters
			(Country)	Sep/2013	Dec/2012	Sep/2012

Direct and Indirect subsidiaries
Braskem America, Inc. (“Braskem America”)			USA	100.00	100.00	100.00
Braskem America Finance Company ("Braskem America Finance")			USA	100.00	100.00	100.00
Braskem Argentina S.A. (“Braskem Argentina”)			Argentina	100.00	100.00	100.00
Braskem Austria Finance GmbH ("Braskem Austria Finance")		(i)	Austria	100.00	100.00
Braskem Chile Ltda. (“Braskem Chile”)			Chile	100.00	100.00	100.00
Braskem Europe GmbH ("Braskem Alemanha")			Germany	100.00	100.00	100.00
Braskem Finance Limited (“Braskem Finance”)			Cayman Islands	100.00	100.00	100.00
Braskem Idesa S.A.P.I (“Braskem Idesa")			Mexico	75.00	75.00	65.00
Braskem Idesa Servicios S.A. de CV ("Braskem Idesa Serviços")			Mexico	75.00	75.00	65.00
Braskem Importação e Exportação Ltda. (“Braskem Importação”)			Brazil	100.00	100.00	100.00
Braskem Incorporated Limited (“Braskem Inc”)			Cayman Islands	100.00	100.00	100.00
Braskem International GmbH ("Braskem Austria")			Austria	100.00	100.00	100.00
Braskem Netherlands B.V (“Braskem Holanda”)			Netherlands	100.00	100.00	100.00
Braskem México, S de RL de CV (“Braskem México”)			Mexico	100.00	100.00	100.00
Braskem Participações S.A. (“Braskem Participações”)			Brazil	100.00	100.00	100.00
Braskem Petroquímica Ltda. (“Braskem Petroquímica”)			Brazil	100.00	100.00	100.00
Braskem Petroquímica Chile Ltda. (“Petroquímica Chile”)			Chile	100.00	100.00	100.00
Braskem Petroquímica Ibérica, S.L. ("Braskem Espanha")			Spain	100.00	100.00	100.00
Braskem Qpar S.A. (“Braskem Qpar”)			Brazil	100.00	100.00	100.00
Cetrel		(ii)	Brazil			53.91
Common Industries Ltd. (“Common”)			British Virgin Islands	100.00	100.00	100.00
Braskem Distribuidora		(ii)	Brazil			100.00
Quantiq		(iii)	Brazil			100.00
IQAG		(iii)	Brazil			100.00
Lantana Trading Co. Inc. (“Lantana”)			Bahamas	100.00	100.00	100.00
Norfolk Trading S.A. (“Norfolk”)			Uruguay	100.00	100.00	100.00
Politeno Empreendimentos Ltda. (“Politeno Empreendimentos”)			Brazil	100.00	100.00	100.00
Riopol		(iv)	Brazil		100.00	100.00

Specific Purpose Entity ("SPE")
Fundo de Investimento Multimercado Crédito Privado Sol (“FIM Sol”)			Brazil	100.00	100.00	100.00

(i)	Company merged in August 2012.
(ii)	Disvestments in December 2012.
(iii)	Investments classified as non-current assets held for sale and presented in consolidated assets and liabilities in specific lines.
(iv)	Company incorpored in August 2013.

2.4. Non-controlling interest in the equity and results of operations of the Company’s subsidiaries

	Shareholders' equity		Profit (loss) for the period
	Sep/2013	Dec/2012	Sep/2013	Sep/2012

Braskem Idesa	126,608	87,813	6,796	(1,885)
Cetrel				8,121
Total	126,608	87,813	6,796	6,236

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

2.5. Reconciliation of equity and profit (loss) for the period between parent company and consolidated

		Shareholders' equity		Profit (loss) for the period
		Sep/2013	Dec/2012	Sep/2013	Sep/2012

Parent Company		8,097,069	8,613,063	485,601	(1,011,464)
	Braskem shares owned by subsidiary Braskem Petroquímica	(48,892)	(48,892)
	Non-controlling interest	126,608	87,813	6,796	6,236
Consolidated		8,174,785	8,651,984	492,397	(1,005,228)

3. Held-for-sale assets and discontinued operations

(a) Assets held for sale - Quantiq and IQAG

These investments are in the process of sale and the Management of the Company estimates that the negotiations will be concluded in 2013.

The operating profits or losses of Quantiq and IQAG were presented in the segment information as operating segment “Chemical distribution” (Note 26). The operating profits or losses of this segment in the period ended September 30, 2012 were R$38,589.

The profits and losses of Quantiq and IQAG in 2012 are recorded under “profit or loss from discontinued operations” in the consolidated statement of operations, and further detailed in item (b) of this Note. The assets and liabilities of these companies on December 31, 2012 are presented under “held-for-sale assets” and “held-for-sale liabilities”, respectively. These amounts are assessed at their book value as of December 31, 2012 since it is lower than the fair value, and will be kept as such until the sale or eventual withdrawal from the divestment.

Profit or loss from discontinued operations includes only transactions with third parties.

The balances on September 30, 2013 and 2012 and the transactions during the period ended September 30, 2013 and 2012 of the parent company with Quantiq and IQAG are as follows:

Income statement transactions from January to September 30, 2013

Balances at September 30, 2013

Assets

Liabilities

Sales /Purchases of products and services, net liquid

Current

Non-current

Trade accounts receivable

Other receivable

Dividends and interest on capital receivable

Total

Trade payables

Other payable

Total

Other payable

Quantiq

7,094

6,096

7,912

21,102

1,954

2,051

46,024

104,914

IQAG

3,412

Total

7,094

6,096

7,912

21,102

1,954

2,051

49,436

104,914

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

				Income statement transactions from January to September 30, 2012


	Balances at December 31, 2012
	Assets	Liabilities		Sales /Purchases of products and services, net liquid
	Current	Current	Non-current
	Trade accounts receivable	Other payable	Other payable
Assets held for sale
Quantiq	610	1,954	81,418	129,733
IQAG			1,235

Total	610	1,954	82,653	129,733

(b) Discontinued operations – Cetrel, Braskem Distribuidora, Quantiq and IQAG

The results from investments available-for-sale (Note 3(a)) and investments of Cetrel and Braskem Distribuidora, which were sold in December 2012 (Note 1(a.3)), of which the Company has received, until September 30, 2013, the amount of R$387,036.

The statements of cash flow and of value added for period ended September 30, 2012 include the results from discontinued operations.

(b.1) Loss from discontinued operations

	Sep/2012

Net sales revenue	535,142
Cost of products sold	(470,550)
Gross profit	64,592

Selling, General and administrative expenses	(86,704)
Other operating income, net	3,229

Operating loss	(18,883)

Financial results	(1,145)

Loss before income tax and social contribution	(20,028)

Current and deferred income tax and social contribution	(12,570)

Discontinued operations loss	(32,598)

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(b.2) Cash flow information from discontinued operations

		Sep/2012

Loss before income tax and social contribution		(20,028)

Adjustments for reconciliation of profit
	Depreciation, amortization and depletion	12,276
	Interest and monetary and exchange variations, net	2,612
	Other adjustments	3,428

		(1,712)

Changes in operating working capital		32,128


Net cash generated by operating activities		30,416

Acquisitions to property, plant and equipment		(16,009)
Acquisitions of intangible assets		(475)

Net cash used in investing activities		(16,484)

Short-term and long-term debt
	Payment of borrowings	(8,126)


Net cash used in financing activities		(8,126)

Increase in cash and cash equivalents		5,806

Represented by
	Cash and cash equivalents at the beginning of the period	148,909
	Cash and cash equivalents at the end of the period	154,715

Increase in cash and cash equivalents		5,806

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(b.3) Statement of value added for discontinued operations

		Sep/2012

Revenue		690,284
	Sale of goods, products and services	687,113
	Other income, net	3,171

Inputs acquired from third parties		(677,377)
	Cost of products, goods and services sold	(616,771)
	Material, energy, outsourced services and others	(60,606)

Gross value added		12,907

Depreciation, amortization and depletion		(1,020)

Net value added produced by the entity		11,887

Value added received in transfer		11,524
	Financial income	11,464
	Other	60

Total value added to distribute		23,411


Personnel		1,645
	Direct compensation	1,375
	Benefits	208
	FGTS (Government Severance Pay Fund)	62

Taxes, fees and contributions		18,529
	Federal	12,778
	Municipal	5,751

Remuneration on third parties' capital		35,835
	Financial expenses (including exchange variation)	12,609
	Rentals	23,226

Remuneration on own capital		(32,598)
	Result from discontinued operations	(32,598)

Value added distributed		23,411

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

4. Cash and cash equivalents

		Consolidated
		Sep/2013	Dec/2012

Cash and banks		562,134	398,142
Cash equivalents:
	Domestic market	1,735,019	1,293,164
	Foreign market	1,557,780	1,596,316
Total		3,854,933	3,287,622

This table was presented in the 2012 annual financial statements of the Company, in Note 7.

5. Financial investments

			Consolidated
			Sep/2013	Dec/2012
Held-for-trading
	Investments in FIM Sol		41,285	50,803
	Investments in foreign currency		3,914	5,256
	Shares		1,170	3,023
Loans and receivables
	Investments in FIM Sol			77,469
	Investments in local currency			513
Held-to-maturity
	Quotas of investment funds in credit rights	(i)	31,590	52,559
	Restricted deposits		15,567	1,281
	Time deposit investment		34	15,731
	Investments in foreign currency	(ii)	559,035	307,639
	Compensation of investments in foreign currency	(ii)	(559,035)	(307,639)
Total			93,560	206,635

In current assets			61,968	172,146
In non-current assets			31,592	34,489
Total			93,560	206,635

This table was presented in the 2012 annual financial statements of the Company, in Note 8.

(i) On September 30, 2013, the Parent Company held junior subordinated shares issued by receivables-backed investment funds. These shares are measured by their redemption value and are held until the conclusion of operations of said funds. The funds issue two other types of shares that enjoy priority in compensation over the junior subordinated shares. The risk related to the operations of these funds is limited to the value of the shares held by the Parent Company.

(ii) On September 30, 2013, Braskem Holanda had a financial investments held-to-maturity that was irrevocably offset by an export prepayment agreement of the Parent Company, in the amount of US$250 million, as provided for in the credit assignment agreement entered into between these two companies and Banco Bradesco (Note 13). This accounting offset was carried out in accordance with CPC 39 and IAS 32, which provides for the possibility of offsetting financial instruments when there is intent and rightfully executable right to realize an asset and settle a liability simultaneously.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

6. Trade accounts receivable

		Consolidated		Parent company
		Sep/2013	Dec/2012	Sep/2013	Dec/2012
Consumers
	Domestic market	1,567,170	1,038,673	1,186,865	790,518
	Foreign market	1,459,870	1,582,433	2,246,618	1,283,605
Allowance for doubtful accounts		(289,872)	(256,884)	(229,981)	(203,922)
Total		2,737,168	2,364,222	3,203,502	1,870,201

In current assets		2,633,775	2,326,480	3,101,930	1,834,491
In non-current assets		103,393	37,742	101,572	35,710
Total		2,737,168	2,364,222	3,203,502	1,870,201

This table was presented in the 2012 annual financial statements of the Company, in Note 9.

The Company realizes part of its trade accounts receivable through the sale of trade notes to funds that acquire receivables. These operations are not entitled to recourse, for which reason the trade notes are written-off at the moment of the operation.

7. Inventories

	Consolidated		Parent company
	Sep/2013	Dec/2012	Sep/2013	Dec/2012

Finished goods	3,465,273	2,622,736	1,840,333	1,417,380
Raw materials, production inputs and packaging	1,091,939	1,175,451	819,372	908,298
Maintenance materials	224,609	211,517	120,225	113,118
Advances to suppliers	49,719	61,385	10,993	10,969
Imports in transit and other	65,756	30,966	59,472	28,785
Total	4,897,296	4,102,055	2,850,395	2,478,550

This table was presented in the 2012 annual financial statements of the Company, in Note 10.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

8. Related parties

The information concerning related parties was presented in the 2012 annual financial statements of the Company, in Note 11.

(a) Parent company

	Balances at September 30, 2013
	Assets
	Current						Non-current
	Trade accounts receivable	Related Parties		Other		Total	Related Parties			Total
		Receivable notes	Other receivable				Current accounts	Loan agreements	Other receivable

Subsidiaries
Braskem America	8,753		2,739			11,492
Braskem Argentina	93,925					93,925
Braskem Chile	13,647					13,647
Braskem Holanda	180,833					180,833
Braskem Idesa	22,637	1,807	2,846			27,290			8,750	8,750
Braskem Inc	1,315,505					1,315,505		8,568		8,568
Braskem México	21,449		4,432	34,000	(i)	59,881
Braskem Participações	80,517		76,854	93,500	(i)	250,871	358,760			358,760
Other	978	264	907			2,149	1,735	64		1,799
	1,738,244	2,071	87,778	127,500		1,955,593	360,495	8,632	8,750	377,877

Jointly-controlled investment
RPR				439	(i)	439
				439		439

Associated companies
Borealis Brasil S.A. ("Borealis")	19,202	187				19,389
	19,202	187				19,389

Related companies
Odebrecht and subsidiaries	2,197		4	321,332	(ii)	323,533
Petrobras and subsidiaries	84,424		14,126			98,550		66,178	12,990	79,168
Other	14,526					14,526
	101,147		14,130	321,332		436,609		66,178	12,990	79,168

SPE
FIM Sol				1,315,059	(iii)	1,315,059
				1,315,059		1,315,059


Total	1,858,593	2,258	101,908	1,764,330		3,727,089	360,495	74,810	21,740	457,045

(i) Amounts under “dividends and interest on capital receivable”.

(ii) Amounts under “other accounts receivable”.

(iii) Amounts under “cash and cash equivalents”: R$1,273,774 and under “financial investments”: R$41,285.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

	Balances at September 30, 2013
	Liabilities
	Current					Non-Current
	Trade payables	Borrowings	Accounts payable to related parties		Total	Borrowings	Accounts payable to related parties			Total
			Advance to export	Other payable			Advance to export	Current accounts	Payable notes

Subsidiaries
Braskem America	79		20,532	230	20,841		631,090			631,090
Braskem Argentina			49,323		49,323		356,800			356,800
Braskem Holanda			65,814		65,814		3,059,171			3,059,171
Braskem Importação								106		106
Braskem Inc	4,296,087	525,407		873	4,822,367	3,541,769			94,047	3,635,816
Braskem Participações									1,447	1,447
Braskem Petroquímica	4,654				4,654			398		398
Braskem Qpar	18,684			5	18,689
Politeno Empreendimentos								7		7
	4,319,504	525,407	135,669	1,108	4,981,688	3,541,769	4,047,061	511	95,494	7,684,835

Related companies
Odebrecht and subsidiaries	2,763				2,763
Petrobras and subsidiaries	1,541,586				1,541,586
	1,544,349				1,544,349


Total	5,863,853	525,407	135,669	1,108	6,526,037	3,541,769	4,047,061	511	95,494	7,684,835

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

	Income statement transactions from January to September 30, 2013
			Financial
		Purchases of	income	Cost of
		raw materials,	(expenses)	production/general
	Sales	services and	and shareholder's	and administrative
	of products	utilities	equity	expenses
Subsidiaries
Braskem America	8,001		(86,971)
Braskem Argentina	162,623		9,085
Braskem Austria			(53,989)
Braskem Chile	21,832		1,003
Braskem Holanda	299,061		(366,525)
Braskem Idesa	44,017		48,021
Braskem Inc	1,569,499	1,317,108	(736,693)
Braskem Petroquímica	360,024	167,762
Braskem Qpar	142,035	234,863
Other			3
	2,607,092	1,719,733	(1,186,066)

Jointly-controlled investment
RPR	13,533	322
	13,533	322

Associated companies
Borealis	218,962
	218,962

Related companies
Odebrecht and subsidiaries	18,593	177,683
Petrobras and subsidiaries	718,383	8,051,170	3,355
Other	25,454	4,468
	762,430	8,233,321	3,355

Post-employment benefit plan
Odebrecht Previdência Privada ("Odeprev")				10,347
				10,347


Total	3,602,017	9,953,376	(1,182,711)	10,347

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

	Balances at December 31, 2012
	Assets
	Current						Non-current
	Trade accounts receivable	Related Parties		Other		Total	Related Parties			Total
		Receivable notes	Other receivable				Current accounts	Loan agreements	Other receivable

Subsidiaries
Braskem America	20,295	4,011				24,306
Braskem Argentina	95,273		20			95,293
Braskem Chile	429					429
Braskem Holanda	7,588	168	39			7,795
Braskem Idesa		3,026				3,026
Braskem Inc	478,182					478,182		7,584		7,584
Braskem Participações		96				96	1,611			1,611
Braskem Petroquímica	5,939			34,000	(i)	39,939	54,085			54,085
Braskem Qpar	1,138		196			1,334	849,437			849,437
Lantana								57		57
Riopol	5,066		50	93,500	(i)	98,616
	613,910	7,301	305	127,500		749,016	905,133	7,641		912,774

Jointly-controlled investment
RPR				2,645	(i)	2,645
				2,645		2,645

Associated companies
Borealis	252	187				439
	252	187				439

Related companies
Odebrecht and subsidiaries				652,148	(ii)	652,148
Petrobras and subsidiaries	85,566		6,113			91,679		62,822	12,993	75,815
Sansuy	15,609					15,609
	101,175		6,113	652,148		759,436		62,822	12,993	75,815

SPE
FIM Sol				1,083,190	(iii)	1,083,190
				1,083,190		1,083,190


Total	715,337	7,488	6,418	1,865,483		2,594,726	905,133	70,463	12,993	988,589

(i) Amounts under “dividends and interest on capital receivable”

(ii) Amounts under “other accounts receivable”

(iii) Amounts under “cash and cash equivalents”: R$954,919 and under “financial investments”: R$128,271

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

	Balances at December 31, 2012
	Liabilities
	Current						Non-Current
	Trade payables	Advances from customers	Borrowings	Accounts payable to related parties		Total	Borrowings	Accounts payable to related parties			Total
				Advance to export	Other payable			Advance to export	Other payable

Subsidiaries
Braskem America				181,639	170	181,809		408,700			408,700
Braskem Holanda		80		24,382		24,462		2,521,323			2,521,323
Braskem Importação									113		113
Braskem Inc	2,677,575		53,406		800	2,731,781	3,245,562		86,181	(i)	3,331,743
Braskem Petroquímica	863					863
Braskem Qpar	40					40
Politeno Empreendimentos									15		15
Riopol	954					954			651,422	(i)	651,422
	2,679,432	80	53,406	206,021	970	2,939,909	3,245,562	2,930,023	737,731		6,913,316

Related companies
Odebrecht and subsidiaries	1,388					1,388
Petrobras and subsidiaries	1,193,461					1,193,461
	1,194,849					1,194,849


Total	3,874,281	80	53,406	206,021	970	4,134,758	3,245,562	2,930,023	737,731		6,913,316

(i) Amount refers to “current accounts”

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

	Income statement transactions from January to September 30, 2012
			Financial
		Purchases of	income	Cost of
		raw materials,	(expenses)	production/general
	Sales	services and	and shareholder's	and administrative
	of products	utilities	equity	expenses
Subsidiaries
Braskem America	11,065		(493)
Braskem Argentina	111,641		1,887
Braskem Chile	22,876		116
Braskem Finance			1
Braskem Holanda	359,468		(353,055)
Braskem Idesa			11
Braskem Inc	143,929	1,680,358	(536,229)
Braskem Petroquímica	274,427	153,604
Braskem Qpar	26,907	66,128	(22,822)
Ideom	2	5,500
Lantana			4
Riopol	114,818	71,253
	1,065,133	1,976,843	(910,580)

Jointly-controlled investment
RPR	11,085	1,482	743
	11,085	1,482	743

Associated companies
Borealis	76,200
	76,200

Related companies
Odebrecht and subsidiaries		257,838
Petrobras and subsidiaries	495,671	7,618,850	3,488
Sansuy	20,961	11,050
Other	3,150	231,385
	519,782	8,119,123	3,488
Post employment benefit plan
Odeprev				15,697
				15,697


Total	1,672,200	10,097,448	(906,349)	15,697

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(b) Consolidated

Balances at September 30, 2013

Assets

Liabilities

Current

Non-current

Current

Trade accounts receivable

Related parties

Other

Total

Related parties

Total

Trade payables

Receivable notes

Other receivable

Loan agreements

Other receivable

Jointly-controlled investment

RPR

439

(i)

439

439

Associated companies

Borealis

19,278

187

19,465

19,278

187

19,465

Related companies

Odebrecht and subsidiaries

429

321,332

(ii)

321,761

2,882

Petrobras and subsidiaries

126,081

31,563

157,644

66,178

66,301

132,479

1,635,623

Other

14,526

141,036

31,563

321,332

493,931

66,178

66,301

132,479

1,638,505

Total

160,314

187

31,563

321,771

513,835

66,178

66,301

132,479

1,638,505

(i) Amount under “dividends and interest on capital receivable”

(ii) Amounts under “other accounts receivable”

	Income statement transactions from January to September 30, 2013
			Financial
		Purchases of	income	Cost of
		raw materials,	(expenses)	production/general
	Sales	services and	and shareholder's	and administrative
	of products	utilities	equity	expenses

Jointly-controlled investment
RPR	13,886	21,908
	13,886	21,908

Associated companies
Borealis	232,489
	232,489

Related companies
Odebrecht and subsidiaries	18,593	161,760
Petrobras and subsidiaries	909,028	11,563,130	3,355
Other	25,454	4,468
	953,075	11,729,358	3,355

Post employment benefit plan
Odeprev				13,282
				13,282


Total	1,199,450	11,751,266	3,355	13,282

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

Balances at December 31, 2012

Assets

Liabilities

Current

Non-current

Current

Trade accounts receivable

Related parties

Other

Total

Related parties

Total

Trade payables

Receivable notes

Other receivable

Loan agreements

Other receivable

Jointly-controlled investment

RPR

2,645

(i)

2,645

2,645

Associated companies

Borealis

1,017

187

1,204

1,017

187

1,204

Related companies

Odebrecht and subsidiaries

652,100

(ii)

652,100

1,388

Petrobras and subsidiaries

95,462

13,725

109,187

62,822

64,805

127,627

1,505,754

Sansuy

15,640

111,102

13,725

652,100

776,927

62,822

64,805

127,627

1,507,142

Total

112,119

187

13,725

654,745

780,776

62,822

64,805

127,627

1,507,142

(i) Amount under “dividends and interest on capital receivable”

(ii) Amounts under “other accounts receivable”

	Income statement transactions from January to September 30, 2012
			Financial
		Purchases of	income	Cost of
		raw materials,	(expenses)	production/general
	Sales	services and	and shareholder's	and administrative
	of products	utilities	equity	expenses
Jointly-controlled investment
RPR	11,500	30,725	743
	11,500	30,725	743
Associated companies
Borealis	88,245
	88,245
Related companies
Odebrecht and subsidiaries		259,225
Petrobras and subsidiaries	815,327	12,438,717	3,488
Sansuy	20,961	11,050
Other	3,150	232,010
	839,438	12,941,002	3,488
Post employment benefit plan
Odeprev				18,565
				18,565


Total	939,183	12,971,727	4,231	18,565

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(c) Key management personnel

The Company considered as “Key management personnel” the members of the Board of Directors and Board of Executive Officers, composed of the Chief Executive Officer and vice-presidents. Not all members of the Board of Executive Officers are members of the Statutory Board of Executive Officers.

	Parent company and Consolidated
Non-current liabilities	Sep/2013	Dec/2012

Long-term incentives	2,619	2,897
Total	2,619	2,897


	Parent company and Consolidated
Income statement transactions	Sep/2013	Sep/2012
Remuneration
Short-term benefits to employees and managers	28,232	29,771
Post-employment benefit	206	156
Long-term incentives	52	308
Total	28,490	30,235

9. Taxes recoverable

			Consolidated		Parent company
		Note	Sep/2013	Dec/2012	Sep/2013	Dec/2012
Parent Company and subsidiaries in Brazil
	IPI		35,790	32,734	34,225	31,647
	Value-added tax on sales and services (ICMS) - normal operations		692,374	845,045	407,726	447,086
	ICMS - credits from PP&E		120,358	178,920	88,734	108,910
	Social integration program (PIS) and social contribution on revenue (COFINS) - normal operations	(a)	436,421	484,692	390,707	419,170
	PIS and COFINS - credits from PP&E		261,150	273,693	130,701	147,764
	PIS and COFINS - Law 12,859/13	(a)	220,933		159,324
	PIS and COFINS - Law 9,718/98		128,066	171,140	121,211	158,570
	PIS - Decree-Law 2,445 and 2,449/88		99,062	104,256	66,384	70,856
	Income tax and social contribution (IR and CSL)		509,942	452,867	360,292	323,924
	REINTEGRA program	(b)	237,748	217,775	213,519	194,694
	Other		172,059	150,980	146,335	129,612

Foreign subsidiaries
	Value-added tax	(c)	187,342	90,301
	Income tax		1,829	177
	Other		1,228	765

Total			3,104,302	3,003,345	2,119,158	2,032,233

Current assets			1,709,696	1,476,211	1,184,171	1,005,842
Non-current assets			1,394,606	1,527,134	934,987	1,026,391
Total			3,104,302	3,003,345	2,119,158	2,032,233

The information related to taxes recoverable was presented in the 2012 annual financial statements of the Company, in Note 12.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(a) PIS and COFINS – Law 12,859/13

On September 10, 2013, was published Law 12,859, converting Provisional Presidential Decree No. 613 of May 7, 2013, which, among others, reduced the PIS and COFINS social contributions on imports and sales in the domestic market of certain inputs manufactured by domestic manufacturers, and also offers fresh credit to the chemical and petrochemical production chain. The realization of these credits may occur in two ways: (i) offset of overdue or falling due liabilities related to taxes levied by the Federal Revenue Service; or (ii) cash reimbursement.

(b) REINTEGRA Program

In the period ended September 30, 2013, the Company recognized credits in the amount of R$170,144 and offset the amount of R$150,171.

(c) Value added tax (“VAT”)

On September 30, 2013, this line included:

(i) R$18,934 from sales by Braskem Alemanha to other countries. These credits are refunded in cash by the local government; and

(ii) R$168,408 from purchases of machinery and equipment for the Ethylene XXI Project (Note 14). These credits may be refunded, in cash, by the local government or offset with VAT due from the start of operations of the project.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

10. Investments

The information related to investments was presented in the Company’s 2012 annual financial statements, in Note 16.

(a) Information on investments

				Interest in total capital		Adjusted net profit (loss)		Adjusted
				(%) - Sep/2013		for the period		equity
				Direct	Direct and Indirect	Sep/2013	Sep/2012	Sep/2013	Dec/2012

Subsidiaries
	Braskem Alemanha			5.66	100.00	(17,660)	(89,569)	1,016,858	961,450
	Braskem America				100.00	34,456	241,194	912,689	810,315
	Braskem America Finance				100.00	220	2,223	1,258	(4,206)
	Braskem Argentina			96.77	100.00	3,623	819	11,473	7,850
	Braskem Austria			100.00	100.00	(2,304)		(2,277)	81
	Braskem Austria Finance				100.00			47	47
	Braskem Chile			99.02	100.00	68	244	1,850	1,782
	Braskem Distribuidora		(i)				(85,594)
	Braskem Espanha		(ii)		100.00			8	8
	Braskem Holanda			100.00	100.00	50,996	(97,171)	1,306,002	1,188,368
	Braskem Finance			100.00	100.00	(9,930)	(25,321)	(127,359)	(117,429)
	Braskem Idesa			75.00	75.00	27,118	(5,386)	506,431	351,249
	Braskem Idesa Serviços				100.00	(530)	611	2,411	2,726
	Braskem Importação			0.04	100.00	(4)	(2)	200	203
	Braskem Inc.			100.00	100.00	(135,352)	119,364	166,477	301,829
	Braskem México			99.97	100.00	1,283		1,360
	Braskem Participações			100.00	100.00	1,675	(1,388)	(548)	(1,945)
	Braskem Petroquímica			100.00	100.00	91,223	52,899	1,684,860	1,593,973
	Braskem Qpar			98.61	100.00	58,122	(92,531)	5,473,023	2,536,089
	Cetrel		(iii)				16,804
	Common				100.00	773	610	8,322	7,550
	IQAG		(iv)	0.12	100.00		984		3,942
	Lantana				100.00	(49)	(88,813)	(592)	(544)
	Norfolk				100.00	8,481	7,028	78,550	70,069
	Petroquímica Chile			97.96	100.00	(992)	85	5,543	6,535
	Politeno Empreendimentos			99.98	100.00	(8)	(4)	599	607
	Quantiq		(iv)	99.90	100.00		21,346		249,383
	Riopol		(v)				112,672		2,632,337

Jointly-controlled investment
	RPR			33.20	33.20	8,400	12,858	118,715	128,591
	OCE		(vi)	20.00	20.00	291		303
	Polimerica		(vii)				(53,805)
	Propilsur			49.00	49.00	(2,593)	(859)	107,869	109,695

Associates
	Borealis			20.00	20.00	5,492	16,102	166,746	165,459
	Companhia de Desenvolvimento
		Rio Verde ("Codeverde")		35.97	35.97	(406)	(596)	45,671	46,342

(i) Company divested in December 2012.

(ii) Company incorporated in June 2012.

(iii) Investment divested in December 2012.

(iv) Assets held for sale.

(v) Company merged into Braskem Qpar in September 2013. The interest held by the Parent Company in this subsidiary in all previous periods was 100%.

(vi) Shares acquired in July 2013 (Note 1(a.5)).

(vii) Withdrawal of the interest in this investment in November 2012

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(b) Changes in investments – parent company

						Equity in results of investees
	Balance at Dec/2012	Merger	Acquisition of shares	Capital increase	Dividends and interest on equity	Effect of results	Adjustment of profit in inventories	Goodwill amortization	Other		Interest loss	Equity valuation adjustments	Currency translation adjustments	Balance at Sep/2013
Subsidiaries and jointly-controlled investment

Domestic subsidiaries
Braskem Petroquímica	1,452,589					91,223	(2,901)	(2,577)			(336)			1,537,998
Braskem Qpar	3,367,628	2,878,812				58,715	1,530	(77,253)	47,746	(i)	336			6,277,514
Politeno Empreendimentos	607					(8)								599
Quantiq	253,272				(7,912)									245,360
Riopol	2,630,417	(2,878,812)				246,474	1,921
RPR	42,698					(3,279)								39,419
OCE			2			25					33			60
	7,747,211		2		(7,912)	393,150	550	(79,830)	47,746		33			8,100,950

Foreign subsidiaries
Braskem Alemanha	53,753					(1,000)	(199)						4,805	57,359
Braskem Argentina	7,850					3,623	(8,021)							3,452
Braskem Austria	81								(81)
Braskem Chile	1,782					68								1,850
Braskem Holanda	1,177,221					50,996	(1,729)						77,785	1,304,273
Braskem Idesa	263,437			106,214		20,338	(534)				(1,994)	(34,229)	26,057	379,289
Braskem Inc.	301,829					(135,352)	(10,080)							156,397
Braskem México			1,447			(19)							(68)	1,360
Petroquímica Chile	6,535					(992)								5,543
	1,812,488		1,447	106,214		(62,338)	(20,563)		(81)		(1,994)	(34,229)	108,579	1,909,523

Total subsidiaries and jointly-controlled investment	9,559,699		1,449	106,214	(7,912)	330,812	(20,013)	(79,830)	47,665		(1,961)	(34,229)	108,579	10,010,473

Associates

Domestic subsidiaries
Borealis	31,945					1,404								33,349
Nitrocolor				38					(38)
Total associates	31,945			38		1,404			(38)					33,349


Total subsidiaries, jointly-controlled investment and associates	9,591,644		1,449	106,252	(7,912)	332,216	(20,013)	(79,830)	47,627		(1,961)	(34,229)	108,579	10,043,822

(i) Settlement of this subsidiary contingencies that were recorded when the purchase.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(c) Breakdown of equity accounting results

		Consolidated			Parent company
	Sep/2013	Sep/2012	Sep/2013		Sep/2012

Equity in results of subsidiaries, associate and jointly-controlled	(1,701)	(24,549)	312,203		291,618
Amortization of fair value adjustment	-	-	(79,830)	(i)	(69,837)
Provision for losses on investments	-	(9,931)	(11,036)		(25,321)
Other	-	1,733	49		(218)
	(1,701)	(32,747)	221,386		196,242

(i) Amortization of fair value adjustments comprises the following:

· R$77,253 related to the amortization of fair value adjustments on the assets and liabilities from the acquisition of Quattor. This amount is distributed in the following items of the consolidated statement of operations: “net sales revenue” of R$13,289; “cost of sales” of R$69,052; “general and administrative expenses” of R$68 and “financial results” of R$10,045. The effect of deferred income tax and social contribution was R$15,201.

· R$2,577 related to the amortization of fair value adjustments on property, plant and equipment of the subsidiary Braskem Petroquímica.

11. Property, plant and equipment

	Consolidated
			Sep/2013			Dec/2012
		Accumulated			Accumulated
		depreciation/			depreciation/
	Cost	depletion	Net	Cost	depletion	Net

Land	421,330		421,330	417,077		417,077
Buildings and improvements	1,788,244	(754,516)	1,033,728	1,749,193	(699,935)	1,049,258
Machinery, equipment and installations	25,157,534	(10,601,063)	14,556,471	24,514,118	(9,296,148)	15,217,970
Projects in progress	7,326,740		7,326,740	4,057,731		4,057,731
Other	905,915	(428,927)	476,988	805,160	(370,411)	434,749
Total	35,599,763	(11,784,506)	23,815,257	31,543,279	(10,366,494)	21,176,785

This table was presented in the Company’s 2012 annual financial statements, in Note 17.

Impairment test for property, plant and equipment

There were no significant events or circumstances in the period ended September 30, 2013 that indicate the need for impairment testing on the property, plant and equipment.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

12. Intangible assets

	Consolidated
			Sep/2013	Dec/2012
		Accumulated			Accumulated
	Cost	amortization	Net	Cost	amortization	Net

Goodwill based on future profitability	3,187,722	(1,128,804)	2,058,918	3,187,722	(1,128,804)	2,058,918
Trademarks and patents	208,074	(80,016)	128,058	199,367	(71,141)	128,226
Software and use rights	441,432	(223,897)	217,535	402,396	(183,908)	218,488
Contracts with customers and suppliers	703,151	(197,491)	505,660	685,890	(150,556)	535,334
Total	4,540,379	(1,630,208)	2,910,171	4,475,375	(1,534,409)	2,940,966

This table was presented in the 2012 annual financial statements of the Company, in Note 18.

Impairment testing of intangible assets with definite and indefinite useful life

There were no significant events or circumstances in the period ended September 30, 2013 that indicated the need to update the impairment test performed in October 2012 on intangible assets with indefinite useful life.

There were no significant events or circumstances in the period ended September 30, 2013 that indicate the need for impairment testing on the intangible assets with definite useful life.

13. Borrowings

		Annual financial charges			Consolidated
			Average interest (unless otherwise stated)
		Monetary restatement	Average interest (unless otherwise stated)	Sep/2013	Dec/2012
Foreign currency
	Bonds and Medium term notes (MTN)	Note 13 (a)	Note 13 (a)	9,987,588	9,278,759
	Advances on exchange contracts	US dollar exchange variation	1.54%		173,939
	Export prepayments	Note 13 (b)	Note 13 (b)	654,752	513,610
	BNDES	Note 13 (c)	Note 13 (c)	492,912	495,260
	Export credit notes	Note 13 (d)	Note 13 (d)	805,547	787,687
	Working capital	US dollar exchange variation	1.77% above Libor	602,535	917,283
	Other	US dollar exchange variation	4.00% above Libor	1,192
	Other	Exchange variation (UMBNDES)	6.06%		768
	Transactions costs, net			(81,865)	(60,285)

Local currency
	Export credit notes	Note 13 (d)	Note 13 (d)	2,852,290	2,384,414
	BNDES	Note 13 (c)	Note 13 (c)	2,213,658	2,381,892
	BNB/ FINAME/ FINEP/ FUNDES		6.87%	616,762	605,273
	BNB/ FINAME/ FINEP/ FUNDES	TJLP	0.32%	17,980	25,746
	Other	TJLP	2.87%		7,292
Total				18,163,351	17,511,638

Current liabilities				2,492,015	1,836,028
Non-current liabilities				15,671,336	15,675,610
Total				18,163,351	17,511,638

The information related to borrowings was presented in the 2012 annual financial statements of the Company, in Note 19.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(a) Bonds and MTN

	Issue amount		Interest	Consolidated
Issue date	(US$ in thousands)	Maturity	(% per year)	Sep/2013	Dec/2012
July 1997	250,000	June 2015	9.38	148,378	134,175
January 2004	250,000	January 2014	11.75	165,543	169,609
September 2006	275,000	January 2017	8.00	284,731	275,270
June 2008	500,000	June 2018	7.25	969,465	1,026,894
May 2010	400,000	May 2020	7.00	911,073	820,621
May 2010	350,000	May 2020	7.00	802,202	722,596
October 2010	450,000	no maturity date	7.38	1,021,180	935,776
April 2011	750,000	April 2021	5.75	1,710,855	1,545,798
July 2011	500,000	July 2041	7.13	1,130,006	1,053,701
February 2012	250,000	April 2021	5.75	572,192	516,995
February 2012	250,000	no maturity date	7.38	567,322	519,876
May 2012	500,000	May 2022	5.38	1,139,638	1,030,598
July 2012	250,000	July 2041	7.13	565,003	526,850
Total	4,975,000			9,987,588	9,278,759

(b) Export prepayments (“EPP”)

		Initial amount
		of the transaction			Consolidated
Issue date		(US$ thousand)	Maturity	Charges (% per year)	Sep/2013	Dec/2012
May 2010	(i)	150,000	May-2015	US dollar exchange variation + semiannual Libor + 2.40		307,406
December 2010		100,000	December-2017	US dollar exchange variation + semiannual Libor + 2.47	228,864	206,204
January 2013		200,000	November-2022	US dollar exchange variation + semiannual Libor + 1.10	425,888
Total		450,000			654,752	513,610

(i) Financing offset by a financial investment in September 2013 (Note 5).

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(c) BNDES borrowings

					Consolidated
Projects	Issue date	Maturity	Charges (% per year)	Sep/2013	Dec/2012

Foreign currency
Other	2006	October-2016	US dollar exchange variation + 6.44	6,766	7,708
Other	2006	January-2013	Monetary variation (UMBNDES) + 5.46		100
Limit of credit UNIB-South	2006	July-2014	US dollar exchange variation + 5.46 to 5.66	5,611	10,747
Braskem Qpar expansion	2006/2007/2008	April-2016	US dollar exchange variation + 6.14 to 6.44	15,612	21,072
Braskem Qpar expansion	2006/2007/2008	January-2015	Monetary variation (UMBNDES) + 6.29	1,479	2,099
Limit of credit I	2007	April-2015	US dollar exchange variation + 4.96 to 5.85	29,668	42,519
Green PE	2009	July-2017	US dollar exchange variation + 6.22	40,561	44,440
Limit of credit II	2009	January-2017	US dollar exchange variation + 6.22	83,165	93,354
New plant PVC Alagoas	2010	January-2020	US dollar exchange variation + 6.22	114,032	101,647
Limit of credit III	2011	October-2018	US dollar exchange variation + 6.06 to 6.09	156,131	143,186
Butadiene	2011	January-2021	US dollar exchange variation + 6.09	39,887	28,388
				492,912	495,260

Local currency
Other	2006	September-2016	TJLP + 2.80	53,764	67,218
Limit of credit UNIB-South	2006	Mai-2014	TJLP + 2.02 to 2.32	17,084	44,432
Braskem Qpar expansion	2006/2007/2008	February-2014	TJLP + 1.00 to 3.30	129,973	197,546
Limit of credit I	2007	April-2015	TJLP + 1.81 to 2.32	108,046	173,477
Green PE	2008/2009	June-2017	TJLP + 0.00 to 4.78	344,070	414,278
Limit of credit II	2009	January-2017	TJLP + 2.58 to 3.58	260,393	319,039
Limit of credit II	2009	January-2017	4.50	11,634	14,252
New plant PVC Alagoas	2010	December-2019	TJLP + 0.00 to 3.58	367,001	351,406
New plant PVC Alagoas	2010	December-2019	5.50	41,756	43,066
Limit of credit III	2011	September-2018	TJLP + 0.00 to 3.45	637,795	582,981
Limit of credit III	2011	July-2018	4.00 to 5.50	102,969	64,095
Butadiene	2011	December-2020	TJLP + 0.00 to 3.45	139,173	110,102
				2,213,658	2,381,892

Total				2,706,570	2,877,152

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(d) Export credit notes (“NCE”)

		Initial amount				Consolidated
Issue date		of the transaction	Maturity	Charges (% per year)	Sep/2013	Dec/2012

Foreign currency
November 2006		167,014	May 2018	Us dollar exchange variation + 8.10	179,537	161,150
April 2007		101,605	March 2018	Us dollar exchange variation + 7.87	115,741	104,029
May 2007		146,010	May 2019	Us dollar exchange variation + 7.85	171,699	154,298
January 2008		266,430	February 2020	Us dollar exchange variation + 7.30	338,570	315,973
March 2008	(i)	41,750	March 2016	Us dollar exchange variation + 7.50		52,237
		722,809			805,547	787,687

Local currency
April 2010	(ii)	50,000	March 2014	100% of CDI	69,371	65,678
June 2010	(ii)	200,000	June 2014	100% of CDI	270,891	256,471
February 2011	(ii)	200,000	February 2014	99% of CDI	251,189	297,434
April 2011	(iii)	450,000	April 2019	112.5% of CDI	458,707	456,876
June 2011	(ii)	80,000	June 2014	98.5% of CDI	96,632	91,563
August 2011	(iii)	400,000	August 2019	112.5% of CDI	403,298	402,527
January 2012	(iv)	200,000	December 2013	103% of CDI		217,320
June 2012	(ii)	100,000	June 2014	103% of CDI	109,836	103,818
September 2012	(ii)	300,000	September 2015	103% of CDI	323,402	305,684
October 2012	(ii)	85,000	September 2014	98.5% of CDI	91,204	86,419
November 2012	(v)	100,000	November 2013	106% of CDI		100,624
February 2013	(vi)	100,000	February 2016	8.00	101,183
February 2013	(vi)	50,000	February 2016	7.50	50,494
February 2013	(vi)	100,000	February 2016	8.00	100,967
February 2013	(vi)	50,000	February 2016	8.00	50,440
February 2013	(vi)	100,000	February 2016	8.00	100,902
March 2013	(vi)	50,000	March 2016	8.00	50,246
March 2013	(vi)	17,500	March 2016	8.00	17,579
August 2013	(vi)	10,000	August 2016	8.00	10,127
August 2013		6,909	October 2013	105.5% of CDI	6,962
August 2013		163,469	February 2014	106.75% of CDI	165,197
August 2013		26,023	February 2014	106% of CDI	26,366
September 2013		94,449	October 2013	106.5% of CDI	94,963
September 2013		2,320	October 2013	107.8% of CDI	2,334
Total		2,935,670			2,852,290	2,384,414

(i) Financing paid in advance in September 2013.

(ii) Maturities and charges on these operations were renegotiated in October 2013 (Note 27(b)).

(iii) The Company enters into swap transactions for these NCE contracts in order to offset the variation in the Interbank Certificate of Deposit (CDI) rate.

(iv) Financing paid in advance in March 2013.

(v) Financing paid in advance in January 2013.

(vi) The Company enters into swap transactions for these NCE contracts (from 77.52% to 92.70% of CDI).

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(e) Payment schedule

The maturity profile of the long-term amounts is as follows:

	Consolidated
	Sep/2013	Dec/2012

2014	209,378	1,759,551
2015	1,626,728	1,515,498
2016	1,762,062	1,092,519
2017	833,999	715,362
2018	1,548,962	1,512,383
2019	1,223,289	1,146,166
2020	2,110,226	1,884,761
2021	2,294,511	2,059,513
2022 and thereafter	4,062,181	3,989,857
Total	15,671,336	15,675,610

(f) Capitalized financial charges - consolidated

The Company capitalized financial charges in the period ended September 30, 2013 in the amount of R$209,459 (R$121,723 in the period ended September 30, 2012), including monetary variation and part of the exchange variation. The average rate of these charges applied on ongoing projects was 7.10% p.a. (7.16% p.a. in the period ended September 30, 2012).

(g) Guarantees

Braskem gave collateral for part of its borrowings as follows:

		Total
		debt	Total
Loans	Maturity	Sep/2013	guaranteed	Guarantees

BNB	December 2022	290,274	290,274	Mortgage of plants, pledge of machinery and equipment
BNDES	January 2021	2,706,570	2,706,570	Mortgage of plants, land and property, pledge of machinery and equipment
FUNDES	June 2020	215,646	215,646	Mortgage of plants, land and property, pledge of machinery and equipment
FINEP	January 2022	125,818	125,818	Bank surety
FINAME	February 2022	3,004	3,004	Pledge of equipment
Total		3,341,312	3,341,312

14. Project finance

Braskem Idesa is constructing a plant in Mexico (Ethylene XXI Project), with capacity to produce around 750 kton of high-density polyethylene and 300 kton of low-density polyethylene using ethane as feedstock. The raw material will be supplied through an agreement with PEMEX-Gás for delivery of 66,000 barrels of ethane per day for 20 years.

In line with the Company’s financial policy, the investment is being financed under the Project finance mode, whereby the project loan must be paid exclusively with the cash generated by the project itself and shareholders provide limited guarantees (limited recourse project finance). Thus, this financing has the usual guarantees of this type of operation such as assets, receivables, cash generation and other rights from the project, as well commitments by shareholders to inject a limited amount of capital to provide for eventual additional costs thereof.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

The financing structure was concluded in December 2012, at the ratio of 70% debt and 30% equity. The total financing contracted to meet construction expenses and start project operation was US$3,193,095 thousand. The first tranche of R$3,316,211 (US$1,483,896 thousand) was received on July 24, 2013. A portion of these funds was used to settle the amounts lent by shareholders Braskem and Grupo Idesa, totaling R$1,449,826 (US$648,750 thousand) and R$483,276 (US$216,250 thousand), respectively. The release of the second tranche is expected to occur at November 6, 2013, amounting to US$ 545,331 thousand.

Braskem Idesa capitalized the financial charges incurred on this financing, since its funding through September 30, 2013, in the amount of R$26,262 (MXN$ 147,835 thousand). The average interest rate was 4.88% p.a.

The breakdown of charges and maturities is as follows:

Contract value

Value received

Consolidated

Identification

US$ thousands

Maturity

Charges (% per year)

Sep/2013

Dec/2012

Project finance I

700,000

375,766

February-2027

Us dollar exchange variation + quarterly Libor + 3.25

841,640

Project finance II

210,000

24,054

February-2027

Us dollar exchange variation + 6.17

54,084

Project finance III

600,000

131,360

February-2029

Us dollar exchange variation + 4.33

294,520

Project finance IV

660,000

442,971

February-2029

Us dollar exchange variation + quarterly Libor + 3.88

992,934

Project finance V

400,000

214,723

February-2029

Us dollar exchange variation + quarterly Libor + 4.65

481,821

Project finance VI

90,000

8,852

February-2029

Us dollar exchange variation + quarterly Libor + 2.73

19,828

Project finance VII

533,095

286,170

February-2029

Us dollar exchange variation + quarterly Libor + 4.64

646,714

Transactions costs

(31,482)

Total

3,193,095

1,483,896

3,300,059

Current liabilities

15,847

Non-current liabilities

3,284,212

Total

3,300,059

The maturity profile of this long-term financing, by year of maturity, is as follows:

	Consolidated
	Sep/2013	Dec/2012

2016	195,788
2017	265,027
2018	265,027
2019	265,027
2020	265,027
2021	265,027
2022 and thereafter	1,763,289
Total	3,284,212

In accordance with the Company’s risk management strategy and based on its financial policy, the Management contracted and designated derivative operations under hedge accounting (Note 20.2.1 (b.ii)) in order to offset the change in future debt-related financial expenses caused by the fluctuation of the Libor rate.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

15. Taxes payable

		Consolidated		Parent company
		Sep/2013	Dec/2012	Sep/2013	Dec/2012

Parent Company and subsidiaries in Brazil
	IPI	81,520	71,440	61,795	55,609
	PIS and COFINS		5,764
	Income tax and social contribution	82,036	54,987	22,802	16,983
	ICMS	102,032	72,435	33,027	16,274
	Federal tax payment program - Law 11,941/09	1,083,397	1,237,156	1,015,954	1,168,413
	Other	54,770	59,630	50,443	47,119

Foreign subsidiaries
	Value-added tax		2,538
	Income tax		2,132
	Other	599	1,460
Total		1,404,354	1,507,542	1,184,021	1,304,398

Current liabilities		398,289	342,789	283,039	245,173
Non-current liabilities		1,006,065	1,164,753	900,982	1,059,225
Total		1,404,354	1,507,542	1,184,021	1,304,398

The information related to taxes payable was presented in the Company’s 2012 annual financial statements, in Note 21.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

16. Income tax (“IR”) and social contribution (“CSL”)

(a) Reconciliation of the effects of income tax and social contribution on profit or loss

	Consolidated		Parent company
	Sep/2013	Sep/2012	Sep/2013	Sep/2012

Income (loss) before IR and CSL and after discontinued operations	776,296	(1,675,351)	675,725	(1,652,478)

IR and CSL at the rate of 34%	(263,941)	569,620	(229,747)	561,843

Permanent adjustments to the IR and CSL calculation basis
IR and CSL on equity in results of investees	(578)	(8,347)	79,007	75,406
Effects from pre-payment of taxes	5,864	27,374	5,864	27,374
Tax incentives	501	436	132
Other permanent adjustments	(25,745)	81,040	(45,380)	(23,609)

Effect of IR and CSL on results of operations	(283,899)	670,123	(190,124)	641,014

Breakdown of IR and CSL:

Current IR and CSL / continued operations	(62,089)	(12,522)	(6,579)	(6)
Current IR and CSL / discontinued operations		(12,441)
Current IR and CSL	(62,089)	(24,963)	(6,579)	(6)

Deferred IR and CSL / continued operations	(221,810)	695,215	(183,545)	641,020
Deferred IR and CSL / discontinued operations		(129)
Deferred IR and CSL	(221,810)	695,086	(183,545)	641,020

Total IR and CSL on income statement	(283,899)	670,123	(190,124)	641,014

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(b) Breakdown of deferred income tax and social contribution

	Consolidated		Parent company
Non-current assets	Sep/2013	Dec/2012	Sep/2013	Dec/2012

Tax losses (IR) and negative base (CSL)	957,748	1,099,345	430,647	444,332
Goodwill amortized	12,810	31,432	9,827	28,126
Exchange variations	625,266	215,545	603,176	205,725
Temporary adjustments	546,391	362,198	329,814	277,549
Business combination	230,699	243,517	89,769	89,770
Pension plan	63,800	49,912	63,800	49,912
Deferred charges - write-off	43,494	60,060	1,299	5,197
	2,480,208	2,062,009	1,528,332	1,100,611

Non-current liabilities

Amortization of goodwill based on future profitability	629,046	586,857	535,922	510,308
Tax depreciation	497,625	391,224	254,671	208,849
Temporary differences	335,093	327,500	7,570	8,014
Business combination	595,153	624,817	84,101	85,746
Write-off negative goodwill of incorporated subsidiaries	1,336	1,781	1,336	1,781
Additional indexation PP&E	143,665	154,189	143,665	154,188
Other	52,673	52,254	46,424	46,857
	2,254,591	2,138,622	1,073,689	1,015,743

(c) Offset of deferred income and social contribution tax assets and liabilities

		Consolidated - Sep/2013
	Headquarters (Country)	IR-CSL Asset	IR-CS Liability


Braskem S.A.	Brazil	1,528,332	(1,073,689)
Braskem Argentina	Argentina	4,511
Braskem Alemanha	Germany	45,572	(10,275)
Braskem Idesa	Mexico	111,623
Braskem Petroquímica	Brazil	207,628	(113,384)
Petroquímica Chile	Chile	238	(105)
Braskem Qpar	Brazil	582,304	(744,867)
Braskem America	USA		(312,271)

		2,480,208	(2,254,591)

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

		Consolidated - Dec/2012
	Headquarters (Country)	IR-CSL Asset	IR-CS Liability


Braskem S.A.	Brazil	1,100,611	(1,015,743)
Braskem Argentina	Argentina	3,251
Braskem Alemanha	Germany	17,448	(9,176)
Braskem Idesa	Mexico	24,677
Braskem Petroquímica	Brazil	214,430	(93,256)
Petroquímica Chile	Chile	169
Braskem Qpar	Brazil	459,914	(626,807)
Riopol	Brazil	237,944	(88,201)
Braskem America	USA	3,565	(305,439)

		2,062,009	(2,138,622)

(d) Realization of deferred income tax and social contribution

In the period ended September 30, 2013, there were no material events or circumstances that indicate any compromise of the realization of these deferred taxes.

The information related to income tax and social contribution was presented in the 2012 annual financial statements of the Company, in Note 22.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

17. Sundry provisions

	Consolidated
	Sep/2013	Dec/2012

Provision for customers bonus	37,673	40,666
Provision for recovery of environmental damages	80,846	32,944
Judicial and administrative provisions	302,094	333,218
Other	9,634	8,847
Total	430,247	415,675

Current liabilities	52,150	52,264
Non-current liabilities	378,097	363,411
Total	430,247	415,675

The composition of provisions for judicial and administrative suits is as follows:

		Consolidated
		Sep/2013	Dec/2012

Labor claims		88,222	75,697

Tax claims
Income tax and social contribution		31,615	29,980
PIS and COFINS		34,820	32,929
ICMS - interstate purchases		84,263	79,688
ICMS - other	(i)	11,171	56,974
Other		44,143	50,744

Corporate claims and other		7,860	7,206
		302,094	333,218

(i) Payment of R$47,746 was made with the advantages of the Special Installment Program implemented by the São Paulo State Government.

This table and the information on provisions were presented in the 2012 annual financial statements of the Company, in Note 23.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

18. Post-employment benefits

The amounts recognized for defined benefit pension plans are as follows:

		Consolidated
		Sep/2013	Dec/2012
Petros Copesul		187,662	147,175
Novamont Braskem America	(i)	10,501	10,381
Braskem Alemanha	(i)	29,892	26,221
		228,055	183,777

Current liabilities		187,662	147,175
Non-current liabilities		40,393	36,602
Total		228,055	183,777

(i) With the adoption of CPC 33 (R1) and IAS 19, the actuarial losses previously unrecognized in these two plans in the amount of R$18,204 (R$11,816, net of income tax) were recognized retroactively, at December 31, 2012, under "other comprehensive income (loss)". The balance sheet on that date was restated to reflect the changes to the item “post-employment benefits”. For comparison purposes, the information for December 31, 2011 was not restated in the statement of changes in shareholders’ equity, since the amounts are immaterial.

19. Contingencies

The Company has contingent liabilities related to lawsuits and administrative proceedings arising from the normal course of its business. These contingencies are of a labor and social security, tax, civil and corporate nature and involve risks of losses that are classified by the Company’s management as possible. A provision for the lawsuits for which the risk of loss is classified as probable is recognized and is presented in Note 17 of this Quarterly Information.

The balance of contingencies not accounted for at September 30, 2013:

	Consolidated
	Sep/2013	Dec/2012

Tax claims	2,962,456	2,967,799
Other lawsuits	336,292	411,324
Total	3,298,748	3,379,123

The description of the main contingent liabilities of the Company was presented in the 2012 annual financial statements, in Note 28.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

20. Financial instruments

The information related to financial instruments was presented in the 2012 financial statements of the Company, in Note 20.

20.1. Non-derivative financial instruments – measured at fair value - consolidated

			Fair value	Book value		Fair value
	Note	Classification by category	hierarchy	Sep/2013	Dec/2012	Sep/2013	Dec/2012

Cash and cash equivalents	4
Cash and banks		Loans and receivables		562,134	398,142	562,134	398,142
Financial investments in Brazil		Held-for-trading	Level 2	521,246	393,348	521,246	393,348
Financial investments in Brazil		Loans and receivables		1,213,773	899,816	1,213,773	899,816
Financial investments abroad		Held-for-trading	Level 2	1,557,780	1,596,316	1,557,780	1,596,316
				3,854,933	3,287,622	3,854,933	3,287,622

Financial investments	5
FIM Sol investments		Held-for-trading	Level 2	41,285	50,803	41,285	50,803
Investments in foreign currency		Held-for-trading	Level 2	3,914	5,256	3,914	5,256
Investments in foreign currency		Held-to-maturity		34	15,731	34	15,731
Shares		Held-for-trading	Level 1	1,170	3,023	1,170	3,023
FIM Sol investments		Loans and receivables			77,469		77,469
Investments in national currency		Loans and receivables			513		513
Quotas of receivables investment fund		Held-to-maturity		31,590	52,559	31,590	52,559
Restricted deposits		Held-to-maturity		15,567	1,281	15,567	1,281
				93,560	206,635	93,560	206,635

Trade accounts receivable	6	Loans and receivables		2,737,168	2,364,222	2,737,168	2,364,222

Related parties credits	8	Loans and receivables		164,229	141,539	164,229	141,539

Other receivables
Disposal of shareholdings		Loans and receivables		265,064	652,100	265,064	652,100

Trade payables		Other financial liabilities		9,715,114	8,897,597	9,715,114	8,897,597

Borrowings	13
Foreign currency - Bond		Other financial liabilities	Level 1	9,987,588	9,278,759	9,845,365	10,032,553
Foreign currency - other borrowings		Other financial liabilities		2,556,938	2,887,779	2,556,938	2,887,779
Local currency		Other financial liabilities		5,700,690	5,404,617	5,700,690	5,405,688
				18,245,216	17,571,155	18,102,993	18,326,020

Project finance	14	Other financial liabilities		3,331,541		3,331,541

Other payables
Creditors for the acquisitions of shares		Other financial liabilities		270,636	256,030	270,636	256,030
Accounts payable to non-controlling		Other financial liabilities		216,843	260,649	216,843	260,649
				487,479	516,679	487,479	516,679

Fair value hierarchy

Level 1 – fair value obtained through prices quoted (without adjustments) in active markets for identical assets or liabilities, such as the stock exchange.

Level 2 – fair value obtained from discounted cash flow models, when the instrument is a forward purchase or sale or a swap contract, or valuation models of option contracts, such as the Black-Scholes model, when the derivative has the characteristics of an option.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

20.2. Financial instruments designated and not designated for hedge accounting

Operation characteristics

Fair value

Principal exposure

Change in

Financial

Identification

Note

hierarchy

Derivatives

Dec/2012

fair value

settlement

Sep/2013

Non-hedge accounting transactions

Non-deliverable forward ("NDF") - ethanol

Level 2

Real

Dollar

1,791

(1,843)

Commodity swap - Naphtha

20.2.1 (a.i)

Level 2

Fixed price

Variable price

(183)

(127)

Commodity swap - Naphtha

20.2.1 (a.i)

Level 2

Fixed price

Variable price

(2,408)

Contract for the future purchase - ethanol

Level 1

Fixed price

Variable price

(2)

Exchange swap

Level 2

Dollar

CDI

4,968

(1,688)

(3,280)

Interest rate swaps

20.2.1 (a.ii)

Level 2

Fixed rate

CDI

20,300

2,588

22,888

Deliverable Forward

20.2.1 (a.iii)

Level 2

Mexican peso

Dollar

69,932

1,868

71,800

Deliverable Forward

20.2.1 (a.iv)

Level 2

Euro

Dollar

(2,739)

(1,723)

(4,462)

6,761

83,505

(2,575)

87,691

Hedge accounting transactions

Exchange swap

20.2.1 (b.i)

Level 2

CDI

Dollar

286,617

41,085

5,350

333,052

Interest rate swaps

20.2.1 (b.ii)

Level 2

Libor

Dollar

(70,368)

(1,746)

(72,114)

286,617

(29,283)

3,604

260,938

Current assets (other receivables)

(33,174)

Non current assets (other receivables)

(93,714)

Current liabilities (derivatives operations)

293,378

116,288

Non current liabilities (derivatives operations)

359,229

293,378

348,629

20.2.1. Existing operations on September 30, 2013

(a) Non-hedge accounting transactions

The regular changes in the fair value of swaps are recorded as financial income or expenses in the same period in which they occur. Braskem recognized a financial expense of R$83,505 related to the change in the fair value of these swaps for the period ended September 30, 2013.

(a.i) Commodity swap – Naphtha

The parent company made a single operation of resin at a fixed price sale to a final customer. With the goal of preserving its margin, potentially affected by the fluctuation in the price of naphtha, were made four future purchase contracts at a fixed price of this raw material, as shown below:

Identification	Nominal value	Fixed price - US$/Ton (hedge)	Maturity		Fair value
Identification	US$ thousands	Fixed price - US$/Ton (hedge)	Maturity	Sep/2013	Dec/2012
Commodity swap - naphtha	477	830,000	February-2014	(50)
Commodity swap - naphtha	477	830,000	March-2014	(38)
Commodity swap - naphtha	477	830,000	April-2014	(26)
Commodity swap - naphtha	425	830,000	May-2014	(13)
Total	1,857			(127)	-

Current assets (other receivables)				(127)
Total				(127)

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

Braskem Inc. signed a contract for the purchase of naphtha at a fixed price with the supplier. To preserve its margin, potentially affected by the fluctuation in resin prices, it contracted a swap operation that also makes variable the cost of this raw material, as follows:

Identification	Nominal value	Fixed price - US$/Ton (hedge)	Maturity		Fair value
Identification	US$ thousands	Fixed price - US$/Ton (hedge)	Maturity	Sep/2013	Dec/2012
Commodity swap - naphtha	35,483	959.000	October-2013	(2,408)
Total	35,483			(2,408)

Current assets (other receivables)				(2,408)
Total				(2,408)

(a.ii) Interest rate swap linked to NCE

The parent company has contracted financing facilities in the form of export credit note (NCE) (Note 13(d)) with fixed interest payments. Considering that the cash in Brazilian real is largely invested in the overnight rate (CDI)-indexed investments, the company contracted swaps to match financial charges with cash yields.

Identification		Interest rate	Maturity		Fair value
Identification	Nominal value	(hedge)	Maturity	Sep/2013	Dec/2012
Swap NCE I	100,000	90.65% CDI	February-2016	4,811
Swap NCE II	50,000	88.20% CDI	February-2016	2,573
Swap NCE III	100,000	92.64% CDI	February-2016	4,998
Swap NCE IV	50,000	92.70% CDI	February-2016	2,544
Swap NCE V	100,000	91.92% CDI	February-2016	4,890
Swap NCE VI	50,000	92.25% CDI	March-2016	2,314
Swap NCE VII	17,500	91.10% CDI	March-2016	758
Total	467,500			22,888

Current liabilities (derivatives operations)				22,888
Total				22,888

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(a.iii) Currency futures contract– Mexican Peso

Braskem Idesa contracted currency purchase transactions through futures contracts to hedge its future obligations in Mexican peso (local trade payables, payroll, taxes and etc.). Since the cash of this subsidiary is maintained in U.S. dollar, these operations were contracted to ensure cash flow balance.

Identification	Nominal value	Foreign exchange	Maturity		Fair value
Identification	US$ thousands	(hedge)	Maturity	Sep/2013	Dec/2012
Deliverable Forward	30,811	12.4196	October-2013	4,108
Deliverable Forward	31,517	12.4493	December-2013	4,191
Deliverable Forward	32,291	12.4763	December-2013	4,300
Deliverable Forward	35,315	12.5052	January-2014	4,698
Deliverable Forward	35,232	12.5343	February-2014	4,659
Deliverable Forward	37,938	12.5662	March-2014	4,995
Deliverable Forward	36,920	12.6458	April-2014	4,558
Deliverable Forward	32,410	12.6792	June-2014	4,009
Deliverable Forward	36,844	12.7075	June-2014	4,557
Deliverable Forward	36,839	12.7388	July-2014	4,537
Deliverable Forward	33,627	12.7722	September-2014	4,115
Deliverable Forward	30,750	12.8005	September-2014	3,743
Deliverable Forward	30,079	12.8318	October-2014	3,645
Deliverable Forward	27,843	12.8631	December-2014	3,361
Deliverable Forward	24,091	12.8933	December-2014	2,899
Deliverable Forward	22,522	12.9276	February-2015	2,701
Deliverable Forward	18,209	12.9548	March-2015	2,179
Deliverable Forward	15,394	12.9841	March-2015	1,838
Deliverable Forward	9,703	13.0148	April-2015	1,155
Deliverable Forward	5,299	13.0497	June-2015	627
Deliverable Forward	3,191	13.0812	June-2015	376
Deliverable Forward	1,769	13.1149	July-2015	207
Deliverable Forward	1,840	13.1486	August-2015	214
Deliverable Forward	5,448	13.1838	October-2013	24
Deliverable Forward	10,593	13.2190	December-2013	35
Deliverable Forward	8,654	13.2487	December-2013	29
Deliverable Forward	5,706	13.2791	January-2014	19
Deliverable Forward	220	13.3068	February-2014	1
Deliverable Forward	1,267	13.3375	March-2014	4
Deliverable Forward	5,471	13.3669	April-2014	16
Total	607,791			71,800

Current liabilities (derivatives operations)				71,800
Total				71,800

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(a.iv) Currency futures contract - Euro

Braskem Idesa contracted currency purchase transactions through futures contracts to hedge its future obligations in euro (trade payables). Since the cash of this subsidiary is maintained in U.S. dollar, these operations were contracted to ensure cash flow balance.

Identification	Nominal value	Foreign exchange	Maturity		Fair value
Identification	US$ thousands	(hedge)	Maturity	Sep/2013	Dec/2012
Deliverable Forward	9,780	1.3041	December-2013	(782)
Deliverable Forward	8,485	1.3053	January-2014	(660)
Deliverable Forward	7,839	1.3066	March-2014	(594)
Deliverable Forward	10,444	1.3050	December-2013	(799)
Deliverable Forward	6,096	1.3059	January-2014	(457)
Deliverable Forward	3,287	1.3068	March-2014	(241)
Deliverable Forward	6,501	1.3079	June-2014	(465)
Deliverable Forward	6,555	1.3089	July-2014	(464)
Total	58,987			(4,462)

Current assets (other receivables)				(4,462)
Total				(4,462)

(b) Hedge accounting transactions

(b.i) Swaps related to export credit notes (NCE)

In line with the Company’s risk management strategy and based on its financial policy, the Management contracted swap operations to offset the interest rate and currency risks arising from the financings mentioned in Note 13, by maintaining its exposure to long-term financial liabilities in the U.S. dollar.

Identification		Interest rate	Maturity	Fair value
Identification	Nominal value	(hedge)	Maturity	Sep/2013	Dec/2012
Swap NCE I	200,000	5.44%	August 2019	93,639	82,812
Swap NCE II	100,000	5.40%	August 2019	44,343	39,008
Swap NCE III	100,000	5.37%	August 2019	42,614	37,333
Swap NCE IV	100,000	5.50%	April 2019	34,971	29,904
Swap NCE V	100,000	5.50%	April 2019	34,907	29,250
Swap NCE VI	150,000	5.43%	April 2019	46,844	38,585
Swap NCE VII	100,000	4.93%	April 2019	35,734	29,725
Total	850,000			333,052	286,617

Current assets (other receivables)				(26,177)
Current liabilities (derivatives operations)					286,617
Non Current liabilities (derivatives operations)				359,229
Total				333,052	286,617

Prior to designating these swaps as hedge accounting, on May 1, 2013, the Company had recognized financial income of R$43,651 as profit for the period. After the recognition of this designation, an expense of R$84,736, relating to changes in the fair value of these swaps since the designation until September 30, 2013, was recognized.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(b.ii) Interest rate swap linked to Libor

On September 30, 2013, Braskem Idesa held six interest rate swap contracts for a nominal value of US$1,312,892 thousand, contracted on the future disbursements of the financing line (Note 14) contracted in U.S. dollar at floating rates (based on Libor). In these swaps, Braskem Idesa receives floating rates (Libor) and pays fixed rates periodically, coinciding with the financing cash flows. The objective of these swaps is to offset the changes in the future financial expenses from debt caused by changes in the Libor rate. The term, amount, settlement dates and floating interest rates coincide with the terms of the financing line.

Identification	Nominal value	Interest rate			Fair value
	US$ thousands	(hedge)	Maturity	Sep/2013	Dec/2012
Swap Libor I	299,996	1.9825%	May-2025	(16,478)
Swap Libor II	299,996	1.9825%	May-2025	(16,478)
Swap Libor III	299,996	1.9825%	May-2025	(16,478)
Swap Libor IV	129,976	1.9825%	May-2025	(7,139)
Swap Libor V	132,996	1.9825%	May-2025	(7,305)
Swap Libor VI	149,932	1.9825%	May-2025	(8,236)
Total	1,312,892			(72,114)

Non-Current assets (other receivables)				(93,714)
Current liabilities (derivatives operations)				21,600
Total				(72,114)

Before designating these swap operations as hedge accounting, on September 1, 2013, the Company recognized financial income of R$116,007 as profit in the period. After recognizing such designation, in shareholders’ equity, the Company recognized financial expense of R$45,639 relating to changes in the fair value of these swaps since the designation through September 30, 2013.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(b.ii) Non-derivative liabilities designated for export hedge accounting

On May 1, 2013, Braskem S.A. designated non-derivative financial instrument liabilities, denominated in U.S. dollars, as hedge for the flow of its highly probable future exports. Thus, the impact of exchange rates on future cash flows in dollars derived from these exports will be offset by the foreign exchange variation on the designated liabilities, partly eliminating the volatility of results.

On September 30, 2013, the following non-derivative liabilities of Braskem S.A. were designated as hedge for the flow of its highly probable future exports:

			Financial liabilities - Parent company

			Nominal value	Balance at	Balance at
Identification	Maturity	Hedge	US$ thousands	Sep/2013	Dec/2012

Operations designated for hedge accounting
Trade payables	2016	Dollar	267,364	596,220
Trade payables related parties	2016	Dollar	572,083	1,275,746
Trade payables	2017	Dollar	118,140	263,453
Trade payables related parties	2017	Dollar	561,545	1,252,245
Export prepayments - related parties	2017	Dollar	150,000	334,500
Trade payables	2018	Dollar	119,365	266,184
Trade payables related parties	2018	Dollar	465,195	1,037,386
Export prepayments	2018	Dollar	173,333	386,533
Export prepayments - related parties	2018	Dollar	30,000	66,900
Bond	2019	Dollar	65,143	145,269
Accounts payable - related parties	2019	Dollar	50,000	111,500
Export prepayments	2019	Dollar	150,000	334,500
Export prepayments - related parties	2019	Dollar	468,837	1,045,507
Accounts payable - related parties	2020	Dollar	294,000	655,620
Export prepayments	2020	Dollar	100,000	223,000
Export prepayments - related parties	2020	Dollar	330,000	735,900
Accounts payable - related parties	2021	Dollar	336,000	749,280
Export prepayments	2021	Dollar	380,000	847,400
Accounts payable - related parties	2022	Dollar	216,000	481,680
Credit note export	2022	Dollar	353,000	787,190
Export prepayments - related parties	2022	Dollar	150,000	334,500
Accounts payable - related parties	2023	Dollar	653,972	1,458,357
Export prepayments - related parties	2023	Dollar	64,400	143,610
Accounts payable - related parties	2024	Dollar	113,854	253,895
Export prepayments - related parties	2024	Dollar	575,000	1,282,250
			6,757,231	15,068,625


			Nominal value	Balance at	Balance at
Related parties			US$ thousands	Sep/2013	Dec/2012
Braskem Holanda			1,283,826	2,862,931
Braskem America			200,000	446,000
Braskem Inc			3,367,061	7,508,545
Braskem GmbH			180,000	401,400
0			5,030,886	11,218,876

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

The Company considers the flow covered as highly probable based, on the following factors:

· Historically, annual export volumes represent three to four times the annual amount covered; In the past 5 years, Braskem S.A. recorded average exports of US$2,4 billion annual, supporting the export amounts underlying the hedge; and

· The flow covered varies between 15% and 30% of the export flows planned by the Company;

The Company designated longer export flows than the financial liabilities that hedge them, to analyze the effectiveness of the operations, the export flows will be considered only until the date of maturity of the underlying debt. Nevertheless, to ensure continuity of the relation and strategy of the proposed hedge, the Company plans to refinance and/or substitute these hedging instruments according to their maturity, in accordance with CPC 38 and IAS 39.

The Braskem, in order to maintain consistency between the parent company’s results and the consolidated results, selected the hedge instruments with subsidiaries abroad observing the guarantees at those companies whose counterparty is external to that of Braskem. As such, non-derivative financial liabilities in which the foreign subsidiary acted as an intermediary in the operations were selected, which effectively maintained the essence of the transactions.

On September 30, the following non-derivative financial liabilities were designated as guarantee for the hedge, considering the scope of the consolidated balance sheet:

			Financial liabilities - Consolidated

			Nominal value	Balance at	Balance at
Identification	Maturity	Hedge	US$ thousands	Sep/2013	Dec/2012

Operations designated for hedge accounting
Bond	2016	Dollar	78,890	175,928
Trade payables	2016	Dollar	760,554	1,696,036
Bond	2017	Dollar	213,220	475,481
Trade payables	2017	Dollar	616,465	1,374,717
Bond	2018	Dollar	340,455	759,215
Trade payables	2018	Dollar	447,439	997,788
Bond	2019	Dollar	315,483	703,528
Trade payables	2019	Dollar	418,497	933,248
Bond	2020	Dollar	460,001	1,025,802
Foreign currency borrowings	2020	Dollar	39,923	89,027
Trade payables	2020	Dollar	110,076	245,470
Export prepayments	2020	Dollar	114,000	254,220
Bond	2021	Dollar	480,001	1,070,402
Foreign currency borrowings	2021	Dollar	99,999	222,997
Export prepayments	2021	Dollar	136,001	303,282
Bond	2022	Dollar	363,656	810,954
Credit note export	2022	Dollar	353,000	787,190
Export prepayments	2022	Dollar	2,344	5,226
Bond	2023	Dollar	698,372	1,557,369
Export prepayments	2023	Dollar	20,000	44,600
Bond	2024	Dollar	681,199	1,519,073
Export prepayments	2024	Dollar	7,656	17,072
			6,757,231	15,068,625

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

The amounts of the operations designated for hedge accounting booked in shareholders' equity are shown below:

	Balance at			Balance at
	Dec/2012	Addition	Reversion	Sep/2013



Exchange variation of foreign sales hedge		1,542,676		1,542,676
Income tax and social contribution on foreign sales hedge		(524,510)		(524,510)

Fair value of cash flow hedges, net of taxes		1,018,166		1,018,166

(c) Estimated maximum loss

The amount at risk of the derivatives held by Braskem on September 30, 2013, which is defined as the highest loss that could result in one month and in 95% of the cases under normal market conditions, was estimated by the Company at US$45,824 for the NCE swaps, and US$49,158 for fixed rate / CDI swaps.

20.3. Credit quality of financial assets

(a) Trade accounts receivable

Only a few of the Company's customers have risk ratings assigned by credit rating agencies. For this reason, the Company developed its own credit rating system for all accounts receivable from domestic customers and for part of the accounts receivable from foreign customers. The Company does not apply this rating to all of its foreign customers because most accounts receivable from them are covered by an insurance policy or letters of credit issued by banks. On September 30, 2013, the credit ratings were as follows:

		Percentage
1	Minimum risk	26.27%
2	Low risk	27.98%
3	Moderate risk	21.83%
4	High risk	22.89%
5	Very high risk (i)	1.03%

(i) Most customers in this group are inactive and the respective accounts are in the process of collection actions in the courts. Customers in this group that are still active buy from Braskem and pay in advance.

Default indicators for the periods ended:

	Domestic Market (LTM)	Export Market (LTM)
September 30, 2013	0.29%	0.15%
September 30, 2012	0.35%	0.25%
December 31, 2012	0.28%	0.37%
December 31, 2011	0.18%	0.43%

LTM – last 12 months

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(b) Other financial assets

In order to determine the credit ratings of counterparties in financial assets classified as cash and cash equivalents, held-for-trading, held-to-maturity and loans and receivables, the Company uses the following credit rating agencies: Standard & Poor’s, Moody’s and Fitch Ratings.

		Sep/2013	Dec/2012
Financial assets with risk assessment
AAA		3,429,192	2,484,788
AA+		1	190,660
AA		16,830	5
AA-			449,555
A+			120,123
A		463,988	19
A-		1,070	80,231
		3,911,081	3,325,381
Financial assets without risk assessment
Quotas of investment funds in credit rights	(i)	31,590	103,359
Sundry funds	(ii)	3,914	60,356
Restricted deposits	(iii)		1,281
Other financial assets with no risk assessment		1,908	3,880
		37,412	168,876

Total		3,948,493	3,494,257

(i) Financial assets with no internal or external ratings and approved by the Management of the Company.

(ii) Investment funds with no assessment of internal or external risk, whose portfolio is composed of assets from major financial institutions and that comply with Braskem’s financial policy.

(iii) Risk-free financial assets

Braskem’s financial policy determines “A-” as the minimum rating for financial investments.

20.4. Sensitivity analysis

Financial instruments, including derivatives, may be subject to changes in their fair value as a result of the variation in commodity prices, foreign exchange rates, interest rates, shares and share indexes, price indexes and other variables. The sensitivity of the derivative and non-derivative financial instruments to these variables are presented below:

(a) Selection of risks

On September 30, 2013, the main risks that can affect the value of the Company’s financial instruments are:

· Brazilian real/U.S. dollar exchange rate;

· Mexican peso/U.S. dollar exchange rate;

· Euro/U.S. dollar exchange rate;

· LIBOR floating interest rate;

· CDI interest rate; and

· TJLP interest rate.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

For the purposes of the risk sensitivity analysis, the Company presents the exposures to currencies as if they were independent, that is, without reflecting in the exposure to a foreign exchange rate the risks of the variation in other foreign exchange rates that could be directly influenced by it.

(b) Selection of scenarios

In accordance with CVM Instruction No. 475/08, the Company included three scenarios in the sensitivity analysis, with one that is probable and two that represent adverse effects to the Company. In the preparation of the adverse scenarios, only the impact of the variables on the financial instruments, including derivatives, and on the items covered by hedge transactions, was considered. The overall impacts on the Company’s operations, such as those arising from the revaluation of inventories and revenue and future costs, were not considered. Since the Company manages its exposure to foreign exchange rate risk on a net basis, adverse effects from depreciation in the Brazilian real in relation to the U.S. dollar can be offset by opposing effects on Braskem’s operating results.

(b.1) Probable scenario

The Market Readout published by the Central Bank of Brazil on September 27, 2013 was used to create the probable scenario for the U.S. dollar/Brazilian real exchange rate and the CDI interest rate, using the reference date of December 31, 2013. The Market Readout presents a consensus of market expectations based on a survey of the forecasts made by various financial and non-financial institutions.

The Market Readout does not publish forecasts for the interest rates LIBOR and TJLP. Therefore, the Company considered the expectations for the CDI interest rate for determining the probable scenario for those rates, given their correspondence. The probable scenario for the TJLP is an increase of 0.5% from the current rate of 5%, in line with the size of the government’s most recent decisions to increase or decrease the rate, and accompanying the forecast for the cumulative increase in the CDI rate by end-2013 of 0.75%.

(b.2) Possible and extreme adverse scenarios

For the Brazilian real/U.S. dollar and Mexican peso/U.S. dollar exchange rates, a positive change of 25% was considered for the possible adverse scenario and of 50% for the extreme scenario based on the exchange rate on September 30, 2013.

For the U.S. dollar/Euro exchange rate, a decrease of 25% was considered for the possible adverse scenario and of 50% for the extreme scenario based on the exchange rate on September 30, 2013.

For the Libor and CDI interest rates, a positive change of 25% was considered for the possible adverse scenario and of 50% for the extreme scenario based on the respective interest rate on September 30, 2013.

For the TJLP interest rate, an increase of 1% was considered for the possible adverse scenario and of 1.5% for the extreme scenario based on its rate on September 30, 2013, in accordance with the upward or downward adjustments made by the government in the rate, in this order of scale.

The sensitivity values in the table (c) below are the changes in the value of the financial instruments in each scenario, except for tables (d), (e), (f), (g) and (h) which show the changes in future cash flows.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(c) Sensitivity to the Brazilian real/U.S. dollar exchange rate

The sensitivity of each financial instrument, including derivatives and items covered by them, to the variation in the Brazilian real/US dollar exchange rate is presented in the table below:

		Possible adverse	Extreme adverse
Instrument	Probable	(25%)	(50%)
Bonds and MTN	(313,512)	(2,496,897)	(4,993,794)
BNDES	(44,200)	(352,020)	(704,041)
Working capital / structured operations	(37)	(298)	(595)
Raw material financing	(20,446)	(162,836)	(325,672)
Export prepayments	56,893	453,110	906,220
Financial investments abroad	(39,360)	(311,323)	(622,646)

(d) Sensitivity to the U.S. dollar/Mexican peso exchange rate

The sensitivity of each financial instrument, including derivatives and items covered by them, to the variation in the U.S. dollar/Mexican peso exchange rate is presented in the table below:

		Possible adverse	Extreme adverse
Instrument	Probable	(25%)	(50%)
Project finance	19,623	(369,962)	(739,923)
Deliverable Forward	7,082	(113,388)	(189,327)

(e) Sensitivity to the U.S. dollar/Euro exchange rate

The sensitivity of each financial instrument, including derivatives and items covered by them, to the variation in the U.S. dollar/Euro exchange rate is presented in the table below:

		Possible adverse	Extreme adverse
Instrument	Probable	(25%)	(50%)
Deliverable Forward	(1,378)	(5,894)	(15,379)

(f) Sensitivity of future cash flows to the LIBOR floating interest rate

The sensitivity of future interest income and expenses of each financial instrument, including derivatives and items covered by them, is presented in the table below. The figures represent the impact on financial income (expenses), taking into consideration the average term of the respective instrument.

		Possible adverse	Extreme adverse
Instrument	Probable	(25%)	(50%)
Borrowings	(2,068)	(6,082)	(12,163)
Export prepayments	(5,414)	(15,924)	(31,848)
Swaps	30,561	(89,885)	(179,770)

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(g) Sensitivity of future cash flows to the CDI interest rate

The sensitivity of each financial instrument, including derivatives and items covered by them, to the variation in CDI interest rate is presented in the table below:

		Possible adverse	Extreme adverse
Instrument	Probable	(25%)	(50%)
Export credit notes	(7,571)	(22,210)	(42,982)
Agricultural credit note	(7,117)	(21,084)	(41,391)
Financial investments in local currency	9,799	29,392	58,767

(h) Sensitivity of future cash flows to the TJLP interest rate

The sensitivity of each financial instrument, including derivatives and items covered by them, to the variation in TJLP interest rate is presented in the table below:

	Probable	Possible adverse	Extreme adverse
Instrument	5.5%	6.0%	6.5%
BNDES	(34,979)	(69,203)	(102,690)
FINEP	(147)	(291)	(433)
Other governmental agents	(32)	(63)	(94)

21. Shareholders’ Equity

The information related to the Company’s shareholders’ equity was presented in its 2012 annual financial statements, in Note 29.

(a) Capital

On September 30, 2013, the Company's subscribed and paid up capital stock amounted to R$8,043,222 and comprised 797,265,348 shares with no par value divided into 451,668,652 common shares, 345,002,878 class A preferred shares, and 593,818 class B preferred shares, distributed as follows:

				Preferred		Preferred
		Common		shares		shares
		shares	%	class A	%	class B	%	Total	%

OSP e Odebrecht		226,334,623	50.11%	79,182,498	22.96%			305,517,121	38.32%
Petrobras		212,426,951	47.03%	75,792,589	21.97%			288,219,540	36.15%
BNDESPAR				41,313,037	11.97%			41,313,037	5.18%
ADR	(i)			34,199,944	9.91%			34,199,944	4.29%
Other		12,907,078	2.86%	113,360,052	32.86%	593,818	100.00%	126,860,948	15.91%
Total		451,668,652	100.00%	343,848,120	99.67%	593,818	100.00%	796,110,590	99.86%
Braskem shares owned by subsidiary of Braskem Petroquímica	(ii)			1,154,758	0.33%			1,154,758	0.14%
Total		451,668,652	100.00%	345,002,878	100.00%	593,818	100.00%	797,265,348	100.00%


(i) American Depository Receipt, negotiated in the New York stock market (USA).
(ii) These shares are treated as "treasury shares" in consolidated Equity.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(b) Ongoing share repurchase programs

(b.1) 4^th Share repurchase program

On August 13, 2012, Braskem’s Board of Directors approved the 4^th program for the repurchase of shares effective between August 29, 2012 and August 28, 2013, through which the Company, or financial institutions hired for such purpose were allowed to acquire up to 13,376,161 class A preferred shares at market price.

Until November 2012, the financial institutions had acquired 262,300 shares for R$3,489 at an average price of R$13.30 (minimum of R$12.66 and maximum of R$14.07).

On November 12, 2012, the Company acquired these shares and received R$71, related to the swap connected to the repurchase, net of withholding income tax of R$29.

The shares repurchased were canceled in December 2012.

No purchases were made under this program in 2013.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

(c) Other comprehensive income - shareholders' equity

Parent company and consolidated

Additional

Deemed

Defined

Foreign

indexation of

cost of

benefit

Fair value

currency

Gain (loss)

PP&E

jointly-controlled

plan actuarial

of cash flow

translation

on interest

price-level

investment

loss

derivatives

adjustment

in subsidiary

(i)

(ii)

(iii)

(iv)

(v)

Total

As of December 31, 2011

326,541

21,159

(10,716)

(24,504)

3,106

315,586

Additional indexation

Realization by depreciation or write-off assets

(30,951)

Income tax and social contribution on realization

10,524

Deemed cost of jointly-controlled investment

Realization by depreciation or write-off assets

(1,075)

Income tax and social contribution on realization

365

Cash flow derivatives

Change in fair value

1,948

Transfer to result

14,290

Tax on fair value gains

(5,522)

Gain on interest in subsidiary

1,982

Foreign currency translation adjustment

48,189

As of September 30, 2012

306,114

20,449

23,685

5,088

355,336

As of December 31, 2012

299,305

20,207

(11,816)

37,158

(7,443)

337,411

Additional indexation

Realization by depreciation or write-off assets

(30,951)

Income tax and social contribution on realization

10,524

Deemed cost of jointly-controlled investment

Realization by depreciation or write-off assets

(1,098)

Income tax and social contribution on realization

373

Fair value foreign sales hedge

Change in fair value

(1,542,676)

Tax on fair value gains

524,510

Cash flow derivatives

Change in fair value

(75,996)

Transfer to result

(42,969)

Tax on fair value gains

28,810

Loss on interest in subsidiary

(1,961)

Foreign currency translation adjustment

108,687

As of September 30, 2013

278,878

19,482

(11,816)

(1,108,321)

145,845

(9,404)

(685,336)

(i) Realization under retained earnings (accumulated losses) as the asset is depreciated or written-off;

(ii) Realization under retained earnings (accumulated losses) upon extinction of the plan;

(iii) Realization under profit or loss upon maturity, prepayment or loss of efficacy for hedge accounting;

(iv) Realization under profit or loss upon write-off of subsidiary abroad; and

(v) Realization under profit or loss upon divestment or transfer of control of subsidiary.

(d) Absorption of accumulated losses

On April 2, 2013, the Annual Shareholders' Meeting approved the absorption of the balance under the “accumulated losses” account at December 31, 2012, in the amount of R$565,549, by using a portion of the “capital reserve” account.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

22. Earnings per share

The table below shows the reconciliation of profit or loss for the period adjusted for the amounts used to calculate basic and diluted earnings per share.

		Sep/2013		Sep/2012
		Basic	Diluted	Basic	Diluted
	3(b)			Revised	Revised

Profit (loss) for the period attributed to Company's shareholders
of continued operations		485,601	485,601	(978,866)	(978,866)

Distribution of dividends attributable to priority:
Preferred shares class "A"		208,437	208,515
Preferred share class "A" potentially convertible			180
(the ratio of 2 shares class "B" for each share class "A")
Preferred shares class "B"		360
		208,797	208,695

Distribution of 6% of unit value of common shares		273,796	273,898

Distribution of plus income, by class
Common shares		1,708	1,708
Preferred shares class "A"		1,300	1,300
		3,008	3,008

Reconciliation of income available for distribution, by class (numerator):
Common shares		275,504	275,606	(555,068)	(554,861)
Preferred shares class "A"		209,737	209,815	(423,798)	(423,640)
Preferred share class "A" potentially convertible			180		(365)
(the ratio of 2 shares class "B" for each share class "A")
		485,241	485,601	(978,866)	(978,866)

Weighted average number of shares, by class (denominator):
Common shares		451,668,652	451,668,652	451,668,652	451,668,652
Preferred shares class "A" (i)		343,848,120	343,848,120	344,851,898	344,851,898
Preferred share class "A" potentially convertible
(the ratio of 2 shares class "B" for each share class "A")			296,909		296,909
		795,516,772	795,813,681	796,520,550	796,817,459

Profit (loss) per share (in R$)
Common shares		0.6100	0.6102	(1.2289)	(1.2285)
Preferred shares class "A"		0.6100	0.6102	(1.2289)	(1.2285)

The information related to the earnings per share of the Company was presented in its 2012 annual financial statements, in Note 30.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

23. Net sales revenues

			Consolidated		Parent company
			Sep/2013	Sep/2012	Sep/2013	Sep/2012
		3(b)		Revised
Sales revenue
	Domestic market		21,672,345	19,587,380	15,782,610	13,994,483
	Foreign market		12,732,048	11,603,540	5,179,350	4,513,593
			34,404,393	31,190,920	20,961,960	18,508,076
Sales deductions
Tributos	Taxes		(4,621,192)	(4,664,983)	(3,114,935)	(3,123,097)
Devoluções de vendas e outros	Sales returns and other		(259,558)	(244,077)	(201,530)	(167,124)
			(4,880,750)	(4,909,060)	(3,316,465)	(3,290,221)

Net sales revenue			29,523,643	26,281,860	17,645,495	15,217,855

This table was presented in the 2012 annual financial statements of the Company, in Note 31.

24. Financial results

			Consolidated		Parent company
			Sep/2013	Sep/2012	Sep/2013	Sep/2012
		3(b)		Revised
Financial income
	Interest income		199,388	147,731	192,255	149,567
	Monetary variations		13,820	29,598	13,339	27,850
	Exchange rate variations		178,049	151,721	210,973	68,801
	Other		99,681	24,050	44,907	11,632
			490,938	353,100	461,474	257,850

Financial expenses
	Interest expenses		(830,940)	(745,445)	(771,051)	(678,445)
	Monetary variations		(229,588)	(191,384)	(228,064)	(171,150)
	Exchange rate variations		39,375	(1,618,728)	(30,108)	(1,522,679)
	Inflation adjustments on fiscal debts		(138,793)	(159,527)	(73,640)	(140,857)
	Tax expenses on financial operations		(20,996)	(12,439)	(14,799)	(10,129)
	Discounts granted		(58,994)	(36,586)	(24,654)	(16,596)
	Loans transaction costs - amortization		(4,506)	(25,771)	(244)	(18,801)
	Adjustment to present value - appropriation		(445,821)	(212,818)	(249,133)	(165,747)
	Other		(109,218)	(126,824)	(35,353)	(54,008)
			(1,799,481)	(3,129,522)	(1,427,046)	(2,778,412)

	Total		(1,308,543)	(2,776,422)	(965,572)	(2,520,562)

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

		Consolidated		Parent company
		Sep/2013	Sep/2012	Sep/2013	Sep/2012
	3(b)		Revised
Interest income
Held for sale		8,498	4,282	8,498	4,907
Loans and receivables		64,726	88,451	67,176	104,576
Held-to-maturity		18,954	10,501	17,800	10,501
		92,178	103,234	93,474	119,984
Other assets not classifiable		107,210	44,497	98,781	29,583
Total		199,388	147,731	192,255	149,567

This table was presented in the 2012 annual financial statements of the Company, in Note 34.

25. Expenses by nature

			Consolidated		Parent company
			Sep/2013	Sep/2012	Sep/2013	Sep/2012
		3(b)		Revised
Classification by nature:
	Raw materials other inputs		(21,927,407)	(20,369,793)	(12,769,307)	(11,343,928)
	Personnel expenses		(1,354,497)	(1,272,825)	(843,138)	(812,412)
	Outsourced services		(1,125,809)	(1,147,225)	(644,245)	(675,363)
	Tax expenses		(5,418)	(39,079)	(3,074)	(19,600)
	Depreciation, amortization and depletion		(1,463,021)	(1,336,217)	(932,499)	(867,627)
	Freights		(1,097,267)	(927,167)	(717,410)	(623,944)
	Other expenses		(363,627)	(323,889)	(276,480)	(233,214)
	Total		(27,337,046)	(25,416,195)	(16,186,153)	(14,576,088)

Classification by function:
	Cost of products sold		(25,792,392)	(23,900,876)	(15,193,655)	(13,582,928)
	Selling and distribution		(728,717)	(692,565)	(456,707)	(418,867)
	General and administrative		(736,791)	(743,062)	(476,078)	(511,731)
	Research and development		(79,146)	(79,692)	(59,713)	(62,562)
	Total		(27,337,046)	(25,416,195)	(16,186,153)	(14,576,088)

This table was presented in the 2012 annual financial statements of the Company, in Note 35.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

26. Segment information

		Sep/2013
		Reporting segments				Total			Braskem
		Basic			USA and	reportable	Other	Corporate	consolidated		Braskem
		petrochemicals	Polyolefins	Vinyls	Europe	segments	segments	unit	before adjustments	Eliminations	consolidated

Net sales revenue		18,882,333	12,435,806	1,903,417	4,902,613	38,124,169	83,979		38,208,148	(8,684,505)	29,523,643
Cost of products sold		(17,094,887)	(10,702,956)	(1,739,310)	(4,656,147)	(34,193,300)	(90,642)		(34,283,942)	8,491,550	(25,792,392)
Gross profit		1,787,446	1,732,850	164,107	246,466	3,930,869	(6,663)		3,924,206	(192,955)	3,731,251

Operating expenses
Selling, general and distribution expenses		(379,231)	(619,142)	(124,599)	(197,443)	(1,320,415)	(65,897)	(158,342)	(1,544,654)		(1,544,654)
Results from equity investments								(1,701)	(1,701)		(1,701)
Other operating income (expenses), net		(16,599)	(3,397)	1,256	(557)	(19,297)	1,018	(81,778)	(100,057)		(100,057)
		(395,830)	(622,539)	(123,343)	(198,000)	(1,339,712)	(64,879)	(241,821)	(1,646,412)		(1,646,412)

Operating profit (loss)		1,391,616	1,110,311	40,764	48,466	2,591,157	(71,542)	(241,821)	2,277,794	(192,955)	2,084,839


		Sep/2012
	3(b)										Revised
		Reporting segments				Total			Braskem
		Basic			USA and	reportable	Other	Corporate	consolidated		Braskem
		petrochemicals	Polyolefins	Vinyls	Europe	segments	segments	unit	before adjustments	Eliminations	consolidated

Net sales revenue		17,598,910	10,736,517	1,469,094	4,047,942	33,852,463	57,837		33,910,300	(7,628,440)	26,281,860
Cost of products sold		(16,249,645)	(9,833,626)	(1,437,676)	(3,937,188)	(31,458,135)	(70,517)		(31,528,652)	7,627,776	(23,900,876)
Gross profit		1,349,265	902,891	31,418	110,754	2,394,328	(12,680)		2,381,648	(664)	2,380,984

Operating expenses
Selling, general and distribution expenses		(355,122)	(657,023)	(96,850)	(182,838)	(1,291,833)	(17,015)	(206,471)	(1,515,319)		(1,515,319)
Results from equity investments								(32,747)	(32,747)		(32,747)
Other operating income (expenses), net		(38,469)	(8,861)	(2,641)	260,869	210,898	(99,041)	176,324	288,181		288,181
		(393,591)	(665,884)	(99,491)	78,031	(1,080,935)	(116,056)	(62,894)	(1,259,885)		(1,259,885)

Operating profit (loss)		955,674	237,007	(68,073)	188,785	1,313,393	(128,736)	(62,894)	1,121,763	(664)	1,121,099

The segment “United States and Europe” was presented in December 2012 as “International Business”.

The information related to the presentation of information by segment was presented in the 2012 annual financial statements, in Note 36.

Braskem S.A.

Notes to the financial statements

at September 30, 2013

All amounts in thousands of reais unless otherwise stated

27. Subsequent events

(a) On October 14, 2013, Braskem announced the execution of a memorandum of understanding to assess the possibility of forming a joint venture in Brazil with Styrolution, a global leader in the styrenics. The joint venture will be responsible for analyzing the economic feasibility of installing a plant with annual production capacity of 100 kton styrenics specialties and the copolymers acrylonitrile butadiene styrene (ABS) and styrene acrylonitrile (SAN) to supply to clients in Brazil and all of South America.

The consummation of the joint venture is subject to approval by the regulatory and antitrust agencies. The plan is for Styrolution to be the majority shareholder, with 70% of the company and for Braskem to hold the other 30%. Subject to the conclusion of an agreement between the parties and the respective approvals from the government agencies, the plant construction is expected to begin in early 2015, with production most likely starting in 2017.

(b) On October 25, 2013, Braskem renegotiated its export credit note (NCE) financing of R$1,015,000, extending the final maturity to October 2021, with interest of 105% of the overnight rate (CDI) (Note 13(d)). Principal will be repaid in 7 annual tranches from 2015.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 13, 2013

BRASKEM S.A.


By:	/s/ Mário Augusto da Silva

	Name:	Mário Augusto da Silva
	Title:	Chief Financial Officer

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.