DOEPE 12/03/2015 - Pág. 31 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Recife, 12 de março de 2015
Diário Oficial do Estado de Pernambuco - Poder Executivo
31
EMAMI PARTICIPAÇÕES S.A.
RELATÓRIO DA ADMINISTRAÇÃO - Senhores acionistas, em cumprimento às determinações legais e estatuWiULDVVXEPHWHPRVjDSUHFLDomRGH96DVDVGHPRQVWUDo}HV¿QDQFHLUDVUHODWLYDVDRVH[HUFtFLRVHQFHUUDGRV
em 31 de dezembro de 2014 e de 2013 e relatório dos auditores independentes.
%DODQoRSDWULPRQLDOHPGHGH]HPEUR(PPLOKDUHVGHUHDLV
Ativo
2014
2013 Passivo e patrimônio líquido
Circulante
Circulante
&DL[DHHTXLYDOHQWHVGH
)RUQHFHGRUHV
Contas a pagar a empresa
FDL[D 1RWD
ligada (Nota 13)
Contas a receber (Nota 2.4)
1.010
1.561
'LYLGHQGRVDUHFHEHU 1RWD
550
417 )LQDQFLDPHQWRV 1RWD
3.568
11.196 &RQWDVDSDJDUSRUDTXLVLomR
GHLPyYHO 1RWD
Não circulante
7ULEXWRVDSDJDU
5HDOL]iYHODORQJRSUD]R
'LYLGHQGRVSURSRVWRV 1RWD F
'HSyVLWRVMXGLFLDLV 1RWD
(PSUpVWLPRVDORMLVWDV
412
622
812
3.385 Não circulante
)LQDQFLDPHQWRV 1RWD
,QYHVWLPHQWRVHPFRQWURODGDV
HPFRQMXQWR 1RWD
&RQWDVDSDJDUSRUDTXLVLomR
3URSULHGDGHVSDUD
GHLPyYHO 1RWD
LQYHVWLPHQWR 1RWD
7ULEXWRVDSDJDU 1RWD
,QWDQJtYHO 1RWD
18.744
19.690
131.549 125.109 3DWULP{QLROtTXLGR 1RWD
Capital social
5HVHUYDGHOXFURV
Total do ativo
135.117
136.305
Total do passivo e do
patrimônio líquido
2014
2013
204
280
2.000
9.600
8.900
13.363
143
2.412
14.066
15.238
60.000
60.000
52.151
47.704
112.151 107.704
135.117
Demonstração das mutações do patrimônio líquido - Em milhares de reais
Reserva de lucros
Capital
Lucros
social
Legal
Retenção
acumulados
Em 1º de janeiro de 2013
60.000
1.586
54.939
/XFUROtTXLGRGRH[HUFtFLR
&RQVWLWXLomRGHUHVHUYDV 1RWD E
5HYHUVmRGHUHVHUYDV 1RWD E
'LYLGHQGRV 1RWD F
$QWHFLSDGRV
3URSRVWRV
(PGHGH]HPEURGH
60.000
3.190
44.514
/XFUROtTXLGRGRH[HUFtFLR
&RQVWLWXLomRGHUHVHUYDV 1RWD E
'LYLGHQGRV 1RWD F
$QWHFLSDGRV
3URSRVWRV
(PGHGH]HPEURGH
60.000
4.798
47.353
-
136.305
Total
116.525
107.704
112.151
1RWDVH[SOLFDWLYDVGDDGPLQLVWUDomRjVGHPRQVWUDo}HV¿QDQFHLUDVHPGHGH]HPEURGH
Em milhares de reais, exceto quando indicado de outra forma
1. Informações gerais - $(0$0,3$57,&,3$d®(66$ ³&RPSDQKLD´ pXPDVRFLHGDGHDQ{QLPDGHFDSLWDO
IHFKDGR TXH WHP FRPR REMHWR VRFLDO D SDUWLFLSDomR QR HPSUHHQGLPHQWR LPRELOLiULR GHQRPLQDGR 6KRSSLQJ
5HFLIHORFDOL]DGRHP5HFLIH±3(HDSDUWLFLSDomRVRFLHWiULDHPHPSUHVDVHLQYHVWLPHQWRHPEHQVPyYHLVH
LPyYHLVUHODFLRQDGRVDRUHIHULGRHPSUHHQGLPHQWR
$HPLVVmRGHVWDVGHPRQVWUDo}HV¿QDQFHLUDVIRLDXWRUL]DGDSHODGLUHWRULDGD&RPSDQKLDHPGHPDUoRGH
2015.
5HVXPRGDVSULQFLSDLVSROtWLFDVFRQWiEHLV
2.1. Base de preparação e apresentação - $V GHPRQVWUDo}HV ¿QDQFHLUDV IRUDP SUHSDUDGDV FRQVLGHUDQGR
R FXVWR KLVWyULFR FRPR EDVH GH YDORU H[FHWR SDUD DWLYRV H SDVVLYRV ¿QDQFHLURV UHJLVWUDGRV D YDORU MXVWR H
HVWmR VHQGR DSUHVHQWDGDV FRQIRUPH DV SUiWLFDV FRQWiEHLV DGRWDGDV QR %UDVLO HPLWLGDV SHOR &RPLWr GH
3URQXQFLDPHQWRV &RQWiEHLV &3&V DSOLFDGDV GH PRGR FRQVLVWHQWH QRV H[HUFtFLRV DSUHVHQWDGRV VDOYR
disposição em contrário.
$ SUHSDUDomR GH GHPRQVWUDo}HV ¿QDQFHLUDV UHTXHU R XVR GH FHUWDV HVWLPDWLYDV FRQWiEHLV FUtWLFDV H WDPEpP
R H[HUFtFLR GH MXOJDPHQWR SRU SDUWH GD DGPLQLVWUDomR GD &RPSDQKLD QR SURFHVVR GH DSOLFDomR GDV SROtWLFDV
FRQWiEHLV$VGHPRQVWUDo}HV¿QDQFHLUDVGD&RPSDQKLDLQFOXHPSRUWDQWRHVWLPDWLYDVUHIHUHQWHVjGLYXOJDomR
GH YDORU MXVWR H j VHOHomR GDV YLGDV ~WHLV H GH SURSULHGDGHV SDUD LQYHVWLPHQWR DPRUWL]DomR GH LQWDQJtYHLV
GHWHUPLQDomRGHSURYLV}HVSDUDWULEXWRVHRXWUDVVLPLODUHV2VUHVXOWDGRVUHDLVSRGHPDSUHVHQWDUYDULDo}HV
HPUHODomRjVHVWLPDWLYDV
(PIXQomRGHQmRKDYHURXWURVUHVXOWDGRVDEUDQJHQWHVQRVH[HUFtFLRV¿QGRVHPGHGH]HPEURGHH
de 2013, a Companhia não está apresentando a demonstração do resultado abrangente nestas demonstrações
¿QDQFHLUDV
2.2. Caixa e equivalentes de caixa - &DL[DHHTXLYDOHQWHVGHFDL[DLQFOXHPGHSyVLWRVEDQFiULRVHLQYHVWLPHQWRV
GH FXUWR SUD]R GH DOWD OLTXLGH] FRP YHQFLPHQWRV RULJLQDLV GH DWp WUrV PHVHV H FRP ULVFR LQVLJQL¿FDQWH GH
PXGDQoDGHYDORU
$WLYRV ¿QDQFHLURV $ &RPSDQKLD FODVVL¿FD VHXV DWLYRV ¿QDQFHLURV FRPR ³HPSUpVWLPRV H UHFHEtYHLV´
RVTXDLVVmRDWLYRV¿QDQFHLURVQmRGHULYDWLYRVFRPSDJDPHQWRV¿[RVRXGHWHUPLQiYHLVQmRFRWDGRVHPXP
PHUFDGR DWLYR H VmR DSUHVHQWDGRV QR DWLYR FLUFXODQWH H[FHWR DTXHOHV FRP SUD]R GH YHQFLPHQWR VXSHULRU D
PHVHVDSyVDGDWDGHHPLVVmRGREDODQoR HVWHVVmRFODVVL¿FDGRVQRDWLYRQmRFLUFXODQWH 2VUHFHEtYHLV
FRPSUHHQGHPDSOLFDo}HV¿QDQFHLUDVFRQWDVDUHFHEHUGHSyVLWRVMXGLFLDLVHHPSUpVWLPRVDORMLVWDV
&RQWDVDUHFHEHU$VFRQWDVDUHFHEHUVmRLQLFLDOPHQWHUHFRQKHFLGDVSHORYDORUMXVWRHVXEVHTXHQWHPHQWH
PHQVXUDGDVSHORFXVWRDPRUWL]DGRFRPRXVRGRPpWRGRGDWD[DHIHWLYDGHMXURVPHQRVDSURYLVmRSDUDFUpGLWRV
GHOLTXLGDomRGXYLGRVD(VWmRUHSUHVHQWDGDVSRUDOXJXpLVUHFHELGRVSHOR&RQGRPtQLR3Uy,QGLYLVRGR6KRSSLQJ
5HFLIHRVTXDLVIRUDPUHSDVVDGRVSDUDD&RPSDQKLDHPMDQHLURGH
'HSyVLWRVMXGLFLDLVHWULEXWRVDSDJDU QmRFLUFXODQWH &RUUHVSRQGHPDYDORUHVGH3,6H&2),16VREUH
UHFHLWDV¿QDQFHLUDVHGHGLIHUHQoDVGH,53-H&6/GHH[HUFtFLRVDQWHULRUHVWRGRVTXHVWLRQDGRVMXGLFLDOPHQWH
6mRDSUHVHQWDGRVDRFXVWRDWXDOL]DGRVPRQHWDULDPHQWHSHODWD[D6(/,&2VYDORUHVGH3,6H&2),16HVWmR
FRUUHVSRQGLGRVSRUWULEXWRVDSDJDUUHJLVWUDGRVQRSDVVLYRQmRFLUFXODQWH
2.6. Investimentos em controladas em conjunto - 2VLQYHVWLPHQWRVHPVRFLHGDGHVFRQWURODGDVHPFRQMXQWR
VmRUHJLVWUDGRVHDYDOLDGRVSHORPpWRGRGHHTXLYDOrQFLDSDWULPRQLDO
2.7. Propriedades para investimento - $&RPSDQKLDpSURSULHWiULDGHSDUWHGHHPSUHHQGLPHQWRPDQWLGRSDUD
¿QVGHUHQGDGHDOXJXHOGHORQJRSUD]R2LPyYHOQmRpRFXSDGRSHOD&RPSDQKLDHHVWiGHPRQVWUDGRDRFXVWR
GH DTXLVLomR RX FRQVWUXomR GHGX]LGR GD GHSUHFLDomR DFXPXODGD FDOFXODGD SHOR PpWRGR OLQHDU SHODV YLGDV
~WHLVHVWLPDGDVPHQFLRQDGDVQD1RWD
2.8. Intangível - 5HIHUHVH DR IXQGR GH FRPpUFLR UHODWLYR DR YDORU HFRQ{PLFR GD DTXLVLomR GH SDUWH GR
HPSUHHQGLPHQWR 6KRSSLQJ 5HFLIH EDVHDGR HP ODXGR GH SHULWR LQGHSHQGHQWH TXH GHWHUPLQRX VHX YDORU
considerando a rentabiliGDGH IXWXUD GR QHJyFLR DOpP GH GH¿QLU VXD YLGD ~WLO HFRQ{PLFD HP DQRV (VWi
GHPRQVWUDGRDRFXVWRKLVWyULFRGHGX]LGRGDDPRUWL]DomRDFXPXODGDFDOFXODGDSHORPpWRGROLQHDU
2.9. Contas a pagar - $VFRQWDVDSDJDUVmRREULJDo}HVDSDJDUSRUEHQVRXVHUYLoRVTXHIRUDPDGTXLULGRV
QR FXUVR QRUPDO GRV QHJyFLRV (ODV VmR LQLFLDOPHQWH UHFRQKHFLGDV SHOR YDORU MXVWR H VXEVHTXHQWHPHQWH
PHQVXUDGDVSHORFXVWRDPRUWL]DGRFRPRXVRGRPpWRGRGHWD[DHIHWLYDGHMXURVTXDQGRDSOLFiYHO1DSUiWLFD
VmRQRUPDOPHQWHUHFRQKHFLGDVDRYDORUGDIDWXUDFRUUHVSRQGHQWH
2.10. Financiamentos e contas a pagar por aquisição de imóvel - São reconhecidos, inicialmente, pelo
YDORU MXVWR OtTXLGR GRV FXVWRV LQFRUULGRV QD WUDQVDomR H VmR VXEVHTXHQWHPHQWH GHPRQVWUDGRV SHOR FXVWR
DPRUWL]DGR6mRFODVVL¿FDGRVQRSDVVLYRFLUFXODQWHH[FHWRDTXHODVSDUFHODVFRPSUD]RGHYHQFLPHQWRVXSHULRU
DPHVHVDSyVDGDWDGREDODQoR HVWDVVmRFODVVL¿FDGDVQRSDVVLYRQmRFLUFXODQWH
$VGHVSHVDVFRPHQFDUJRVVmRUHFRQKHFLGDVFRPEDVHQRPpWRGRGHWD[DHIHWLYDHLQFOXtGDVHPGHVSHVDV
¿QDQFHLUDV
2.11. Apuração do resultado - $ &RPSDQKLD UHFRQKHFH D UHFHLWD TXDQGR L R YDORU GD UHFHLWD SRGH VHU
PHQVXUDGRFRPVHJXUDQoD LL pSURYiYHOTXHEHQHItFLRVHFRQ{PLFRVIXWXURVÀXDPSDUDD&RPSDQKLD H LLL
TXDQGR FULWpULRV HVSHFt¿FRV WLYHUHP VLGR DWHQGLGRV SDUD FDGD XPD GDV DWLYLGDGHV GD &RPSDQKLD FRQIRUPH
GHVFULomRDVHJXLU
$VUHFHLWDVGHDOXJXpLVVmRUHJLVWUDGDVTXDQGRHIHWLYDPHQWHUHFHELGDVRTXHQmRGLYHUJHVXEVWDQFLDOPHQWH
GD SUiWLFD FRQWiELO DGRWDGD QR %UDVLO TXH GHWHUPLQDP TXH GHYHP VHU UHFRQKHFLGDV SHOR PpWRGR OLQHDU QD
GHPRQVWUDomRGRUHVXOWDGRGXUDQWHRSHUtRGRFRQWUDWXDO H
$VUHFHLWDVGH³5HV6SHUDWD´VmRUHFRQKHFLGDVQRPRPHQWRGRVHXUHFHELPHQWRHpGHFRUUHQWHGDUHVHUYDGR
espaço para utilização da estrutura do empreendimento.
CNPJ n.º 04.805.021/0001-35
'HPRQVWUDomRGRUHVXOWDGR([HUFtFLRV¿QGRVHPGHGH]HPEUR
Em milhares de reais, exceto quando indicado de outra forma
2014
2013
Receitas (Nota 11)
41.655
39.069
'HVSHVDVDGPLQLVWUDWLYDV
Despesas gerais (Nota 12)
(5.061)
(4.062)
Depreciação e amortização
(3.741)
(3.508)
2XWUDVGHVSHVDVOtTXLGDV
(662)
Lucro operacional
32.191
31.499
5HVXOWDGRGHHTXLYDOrQFLDSDWULPRQLDO 1RWD
5HVXOWDGR¿QDQFHLUR
5HFHLWDV¿QDQFHLUDV
(QFDUJRVGH¿QDQFLDPHQWRV 1RWD
(QFDUJRVGRFRQWUDWRGHDTXLVLomRGHLPyYHO 1RWD
2XWUDVGHVSHVDV¿QDQFHLUDV
(11)
Lucro antes do imposto de renda e da
FRQWULEXLomRVRFLDO
37.056
36.589
Contribuição social (Nota 2.11)
(1.306)
(1.200)
Imposto de renda (Nota 2.11)
(3.603)
(3.310)
32.079
Lucro líquido do exercício
32.147
$o}HVHPFLUFXODomRQR¿QDOGR
60.000
H[HUFtFLR HPPLOKDUHV
60.000
/XFUROtTXLGRSRUORWHGHPLODo}HVGR
534,65
FDSLWDOQR¿PGRH[HUFtFLR±5
535,78
$V GHVSHVDV DGPLQLVWUDWLYDV JHUDLV UHIHUHPVH SULQFLSDOPHQWH D JDVWRV
FRPSDUWLOKDGRVUHODWLYRVjSDUFHODGRXVRGDLQIUDHVWUXWXUDDGPLQLVWUDWLYD
PDQWLGD SHOR *UXSR -&30 1RWD D JDVWRV UHODFLRQDGRV j HVWUXWXUD
mantida no empreendimento para gerenciamento e monitoramento
GR SURFHVVR GH DUUHFDGDomR GH DOXJXpLV DOpP GH RXWUDV GHVSHVDV
QHFHVViULDV SDUD D FRQGXomR GDV DWLYLGDGHV GD &RPSDQKLD H HVWmR
UHJLVWUDGDVSHORUHJLPHGHFRPSHWrQFLD
$UHFHLWD¿QDQFHLUDpUHFRQKHFLGDFRQIRUPHRSUD]RGHFRUULGRSHORUHJLPH
GHFRPSHWrQFLDXVDQGRRPpWRGRGDWD[DHIHWLYDGHMXURV
Os encargos do imposto de renda e da contribuição social foram
GHWHUPLQDGRVFRPEDVHQROXFURSUHVXPLGRjVDOtTXRWDVDSOLFiYHLV
,QVWUXPHQWRV ¿QDQceiros - $ &RPSDQKLD RSHUD FRP GLYHUVRV
LQVWUXPHQWRV¿QDQFHLURVFRPGHVWDTXHSDUDFDL[DHHTXLYDOHQWHVGHFDL[D
LQFOXLQGRDSOLFDo}HV¿QDQFHLUDV'XUDQWHRVH[HUFtFLRVGHHGH
D&RPSDQKLDQmRFHOHEURXFRQWUDWRVTXHSRVVDPVHUFRQVLGHUDGRVFRPR
LQVWUXPHQWRV¿QDQFHLURVGHULYDWLYRV
2V YDORUHV UHJLVWUDGRV QR DWLYR H QR SDVVLYR FLUFXODQWH WrP OLTXLGH]
LPHGLDWD RX YHQFLPHQWR HP VXD PDLRULD HP SUD]RV LQIHULRUHV D WUrV
PHVHV &RQVLGHUDQGR D QDWXUH]D R SUD]R H DV FDUDFWHUtVWLFDV GHVVHV
LQVWUXPHQWRV TXH VmR VLVWHPDWLFDPHQWH UHQHJRFLDGRV D DGPLQLVWUDomR
DYDOLDTXHD&RPSDQKLDQmRHVWiH[SRVWDDULVFRVUHOHYDQWHVGHFUpGLWR
GH OLTXLGH] H GH PHUFDGR EHP FRPR QmR WHP H[SHFWDWLYD GH GLIHUHQoDV
'HPRQVWUDomRGRVÀX[RVGHFDL[D
([HUFtFLRV¿QGRVHPGHGH]HPEUR(PPLOKDUHVGHUHDLV
2014
2013
Fluxos de caixa das atividades operacionais
Lucro antes do imposto de renda e da
FRQWULEXLomRVRFLDO
37.056
36.589
$MXVWHVGH
-XURVVREUHGHSyVLWRVMXGLFLDLV
%DL[DGHGHSyVLWRVMXGLFLDLV
%DL[DGHHPSUpVWLPRVDORMLVWDV
Depreciação e amortização
3.741
3.508
5HVXOWDGRGDHTXLYDOrQFLDSDWULPRQLDO
(QFDUJRVGH¿QDQFLDPHQWRV
(QFDUJRVGHFRQWUDWRGHDTXLVLomRGHLPyYHO
9DULDo}HVQRVDWLYRVHSDVVLYRV
Contas a receber
551
(718)
)RUQHFHGRUHV
Contas a pagar a empresa ligada
(4)
28
7ULEXWRVDSDJDU
5
Caixa gerado pelas operações
37.237
34.723
(QFDUJRVGHGtYLGDSDJRV
Imposto de renda e contribuição social pagos
(4.837)
(4.499)
Caixa líquido gerado pelas atividades operacionais
31.906
30.208
Fluxos de caixa das atividades de investimento
'HSyVLWRVMXGLFLDLVHIHWXDGRV
5HFHELPHQWR FRQFHVVmR GHHPSUpVWLPRVDORMLVWDV
$TXLVLo}HVGHSURSULHGDGHVSDUDLQYHVWLPHQWR
9DORUHVUHFHELGRSRUUHGXomRGHFDSLWDOGHLQYHVWLGD
'LYLGHQGRVUHFHELGRV
4.656
4.923
Caixa líquido aplicado nas atividades de investimento (3.849)
(3.745)
)OX[RVGHFDL[DGDVDWLYLGDGHVGH¿QDQFLDPHQWR
/LEHUDomRGH¿QDQFLDPHQWRV
$PRUWL]DomRGH¿QDQFLDPHQWRV
(2.578)
'LYLGHQGRVSDJRV
(35.300) (34.800)
&DL[DOtTXLGRDSOLFDGRQDVDWLYLGDGHVGH¿QDQFLDPHQWR (35.267) (19.710)
Aumento (redução) líquido de caixa e equivalentes de caixa
(7.210)
6.753
Caixa e equivalentes de caixa no início do exercício
9.218
2.465
9.218
&DL[DHHTXLYDOHQWHVGHFDL[DQR¿QDOGRH[HUFtFLR
2.008
VLJQL¿FDWLYDVTXDQGRGDUHDOL]DomRGHVVHVLQVWUXPHQWRV
4. Caixa e equivalentes de caixa - 2VDOGRHPGHGH]HPEURGHp
FRPSRVWRSRU5UHODWLYRDUHFXUVRVHPFRQWDFRUUHQWH 5
HSRU5 HPDSOLFDo}HV¿QDQFHLUDVHPUHQGD¿[D 5 $V
DSOLFDo}HV¿QDQFHLUDVHPUHQGD¿[DUHIHUHPVHDFHUWL¿FDGRVGHGHSyVLWRV
EDQFiULRV H TXRWDV GH IXQGRV GH LQYHVWLPHQWR RV TXDLV SRVVXHP OLTXLGH]
LPHGLDWDHWrPUHPXQHUDomRDWUHODGDjYDULDomRGRVFHUWL¿FDGRVGHGHSyVLWR
LQWHU¿QDQFHLUR&',
5. Investimentos em controladas em conjunto
D 5HFLIH3DUNLQJ/WGDHPSUHVDUHVSRQViYHOSHODDGPLQLVWUDomRGRHVWDFLRQDPHQWRGRHPSUHHQGLPHQWR6KRSSLQJ5HFLIH
E $6&5$GPLQLVWUDGRUD6KRSSLQJ&HQWHU5HFLIH/WGDHPSUHVDUHVSRQViYHOSHODDGPLQLVWUDomRGR&RQGRPtQLRGR6KRSSLQJ&HQWHU5HFLIH
F 5HFLIH/RFDGRUDGH(TXLSDPHQWRVSDUD$XWRJHUDomR/WGDWHPFRPRREMHWRDORFDomRGHHTXLSDPHQWRVSDUDJHUDomRGHHQHUJLD(PRFDSLWDO
VRFLDOGDLQYHVWLGDIRLUHGX]LGRPHGLDQWHGHYROXomRGHGLQKHLURDRVVyFLRVFDEHQGRj&RPSDQKLDRYDORUGH5HFDQFHODPHQWRGHTXRWDV
2014
2013
ASCR – Administradora
Recife Locadora de
Recife Parking
Shopping Center
Equipamentos para
Ltda.
Recife Ltda.
Autogeração Ltda.
Total
Total
,QIRUPDo}HVVREUHDVLQYHVWLGDV
4XDQWLGDGHGHTXRWDVSRVVXtGDV
3DUWLFLSDomRQRFDSLWDO QR¿QDOGRH[HUFtFLR
Capital social
10
10
5.588
3DWULP{QLROtTXLGR
/XFUROtTXLGRGRH[HUFtFLR
Movimentação dos investimentos
6DOGRHPGHMDQHLUR
(TXLYDOrQFLDSDWULPRQLDO
5HGXomRGHFDSLWDOHPLQYHVWLGD
'LYLGHQGRVUHFHELGRV
'LYLGHQGRVDUHFHEHU
Saldo em 31 de dezembro
4
3
1.961
1.968
2.213
6. Propriedades para investimento
2014
Custo de Depreciação
aquisição acumulada
7HUUHQRV
(GL¿FDo}HV
Instalações
Obras em andamento
2013
Vida útil
estimada
Líquido Líquido (em anos)
18.755
13.478
157
134.618
18.755 17.747
(3.636)
9.842 8.519
17
157 3.733
(24.593) 110.025 99.821
2014
2013
6DOGRHPGHMDQHLUR
$TXLVLo}HV
&RPSUDGRLPyYHO3& 1RWD
Depreciação
(2.795) (2.562)
Saldo em 31 de dezembro
110.025 99.821
2VYDORUHVDFLPDUHSUHVHQWDPDÈUHD%UXWD/RFiYHO±$%/FRUUHVSRQGHQWHj
SDUFHODLGHDOGHGRHPSUHHQGLPHQWR6KRSSLQJ5HFLIH$VDTXLVLo}HV
GH SURSULHGDGHV SDUD LQYHVWLPHQWR HP H HP HVWmR VXEVWDQFLDOPHQWHUHSUHVHQWDGDVSRUJDVWRVFRPDUHYLWDOL]DomRGRHPSUHHQGLPHQWRH
FRP D DPSOLDomR GR FLQHPD H FRQVWUXomR GH GRLV UHVWDXUDQWHV$ UHYLWDOL]DomR IRL FRQFOXtGD HP PHDGRV GH H D DPSOLDomR GR FLQHPD H GRV
UHVWDXUDQWHVIRLFRQFOXtGDQRSULPHLURVHPHVWUHGH
$VYLGDV~WHLVXWLOL]DGDVSDUD¿QVGHGHWHUPLQDomRGDVWD[DVDQXDLVGHGHSUHFLDomR HVWmR EDVHDGDV HP ODXGR GH DYDOLDomR HPLWLGR SRU SHULWRV LQGHSHQGHQWHV3DUDDHODERUDomRGRODXGRRDYDOLDGRULQGHSHQGHQWHFRQVLGHURXRSODQHMDPHQWRRSHUDFLRQDOGD&RPSDQKLDSDUDRVSUy[LPRVH[HUFtFLRV
DQWHFHGHQWHV LQWHUQRV FRPR R QtYHO GH PDQXWHQomR H XWLOL]DomR GRV LWHQV
HOHPHQWRVGHFRPSDUDomRHWD[DVGHYLYrQFLDGRVEHQV
6HHVVDVSURSULHGDGHVHVWLYHVVHPDYDOLDGDVSHORYDORUMXVWRHVWHVHULDGH
5 $&RPSDQKLDHVWDEHOHFHRYDORUMXVWRDWUDYpVGHWpFQLFDVGH
DYDOLDomR TXH LQFOXHP R XVR GH RSHUDo}HV UHFHQWHV UHDOL]DGDV HQWUH WHUFHLURV FRP SURSULHGDGHV VLPLODUHV D DQiOLVH GH PRGHORV GH SUHFL¿FDomR
TXHID]HPRPDLRUXVRSRVVtYHOGHLQIRUPDo}HVJHUDGDVSHORPHUFDGRHD
DQiOLVHGHÀX[RVGHFDL[DGHVFRQWDGRVRVTXDLVQmRFRQVLGHUDPRVHIHLWRV
WULEXWiULRVWHQGRHPYLVWDDH[SHULrQFLDHRHQWHQGLPHQWRGDDGPLQLVWUDomR
GH TXH R PHUFDGR DVVLP DYDOLD HVVHV WLSRV GH SURSULHGDGHV HP HYHQWXDLV
negociações.
7. Intangível
2014
2013
6DOGRHPGHMDQHLUR
Amortização
(946)
(946)
Saldo em 31 de dezembro
18.744
19.690
8. Financiamentos - 5HIHUHVH D ¿QDQFLDPHQWR FRQFHGLGR SHOR %DQFR GR
1RUGHVWHGR%UDVLO6$QRkPELWRGR)XQGR&RQVWLWXFLRQDOGH)LQDQFLDPHQWR
GR1RUGHVWH)1(2VHQFDUJRV¿QDQFHLURVLQFLGHQWHVVREUHRFUpGLWRVmR
GHDDFRPE{QXVGHDGLPSOrQFLDGHH[LJLGRVWULPHVWUDOPHQWH
GXUDQWHRSHUtRGRGHFDUrQFLDGHPHVHV$SyVDFDUrQFLDRYDORU¿QDQFLDGRHRVMXURVVmRDPRUWL]DGRVHPSUHVWDo}HVPHQVDLVHVXFHVVLYDVFRP
YHQFLPHQWRLQLFLDOHPGHDEULOGH
3DUDHVWDRSHUDomRD&RPSDQKLDGHXHPJDUDQWLD¿DQoDEDQFiULDH¿DQoD
dos acionistas.
2YDORUMXVWRGRV¿QDQFLDPHQWRVVHDSUR[LPDDRVHXYDORUFRQWiELOYLVWRTXH
QmRKRXYHPXGDQoDVVLJQL¿FDWLYDVQDVFRQGLo}HVGHPHUFDGRDWXDLVHWD[DV
GHMXURVHPUHODomRjVFRQGLo}HVQDGDWDHPTXHRHPSUpVWLPRIRLWRPDGR
2VPRQWDQWHVUHJLVWUDGRVQRSDVVLYRQmRFLUFXODQWHWrPDVHJXLQWHFRPSRVLomRSRUDQRGHYHQFLPHQWR
2014
2013
2015
3.018
2016
3.558
3.018
2017
3.558
3.018
2018
3.558
3.018
2019
890
754
11.564
12.826
9. Contas a pagar por aquisição de imóvel - Em 21 de outubro de 2014,
D&RPSDQKLD¿UPRXFRQWUDWRSDUDDTXLVLomRGHIUDomRGRLPyYHOGHQRPLQDGR3&ORFDOL]DGRQRHPSUHHQGLPHQWR6KRSSLQJ5HFLIHSHORYDORUGH5
VHQGR5jYLVWDHRUHVWDQWHHPSDUFHODVPHQVDLVDWXDOL]DGDVSHODYDULDomRGR,3&$HDFUHVFLGDVGHMXURVDQXDLVGH
(PD&RPSDQKLDHIHWXRXSDJDPHQWRVTXHWRWDOL]DP5VHQGR
5 GH SULQFLSDO H 5 GH HQFDUJRV 2 VDOGR HP DEHUWR HP GH
GH]HPEURGHVHUiTXLWDGRDWpDEULOGH
10. Patrimônio líquido
(a) Capital social - O capital social em 31 de dezembro de 2014 e de 2013
HVWi UHSUHVHQWDGR SRU Do}HV RUGLQiULDV QRPLQDWLYDV VHP YDORU
nominal.
E 5HVHUYDGHOXFURV$UHVHUYDOHJDOpFRQVWLWXtGDDQXDOPHQWHFRPRGHVWLQDomRGHGROXFUROtTXLGRGRH[HUFtFLRHQmRSRGHUiH[FHGHUDGR
FDSLWDOVRFLDO$UHVHUYDOHJDOWHPSRU¿PDVVHJXUDUDLQWHJULGDGHGRFDSLWDO
VRFLDOHVRPHQWHSRGHUiVHUXWLOL]DGDSDUDFRPSHQVDUSUHMXt]RHDXPHQWDU
o capital.
(P D DGPLQLVWUDomR SURS{V D GHVWLQDomR GR VDOGR UHPDQHVFHQWH GR
OXFUROtTXLGRQRPRQWDQWHGH5 SDUDUHVHUYDGHUHWHQomRGHOXFURV
XPDYH]TXHIRUDPXWLOL]DGRVSDUDDWHQGHULQYHVWLPHQWRVGHFDSLWDOSUySULR
QDDPSOLDomRHUHYLWDOL]DomRGRHPSUHHQGLPHQWR6KRSSLQJ5HFLIH$FRQVWLWXLomR GD UHVHUYD HP VHUi GHOLEHUDGD RSRUWXQDPHQWH HP DVVHPEOHLD
GH DFLRQLVWDV TXH DSURYDUi DV GHPRQVWUDo}HV ¿QDQFHLUDV GHVWH H[HUFtFLR
(P D DGPLQLVWUDomR SURS{V D UHDOL]DomR GD UHVHUYD GH UHWHQomR GH
OXFURVQRYDORUGH5WHQGRGHVWLQDGRWDLVUHFXUVRVQDGLVWULEXLomR
GHGLYLGHQGRVDRVDFLRQLVWDV(VVDUHDOL]DomRIRLDSURYDGDHPDVVHPEOHLDGH
CONTINUA