DOEPE 25/05/2016 - Pág. 15 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Recife, 25 de maio de 2016
Diário Oficial do Estado de Pernambuco - Poder Executivo
Ano XCIII • NÀ 95 - 15
*HUDGRU&RPSDQKLD6HFXULWL]DGRUDGH&UpGLWRV)LQDQFHLURV
&13-
5(/$7Ï5,2'$$'0,1,675$d2
6HQKRUHV$FLRQLVWDV $SUHVHQWDPRVDVGHPRQVWUDo}HV¿QDQFHLUDVUHODWLYDVDRH[HUFtFLR¿QGRHPGHGH]HPEURGHHGH
5HFLIH GHPDUoRGH
$'LUHWRULD
'HPRQVWUDo}HVGRV)OX[RVGH&DL[D
%DODQoRVSDWULPRQLDLVHPGHGH]HPEUR(PPLOKDUHVGHUHDLV
'HPRQVWUDo}HVGR5HVXOWDGR
([HUFtFLRV¿QGRVHPGHGH]HPEUR
([HUFtFLRV¿QGRVHPGHGH]HPEUR
$7,92
1RWD 3$66,92
1RWD
(PPLOKDUHVGHUHDLV
(PPLOKDUHVGHUHDLV
&LUFXODQWH
&LUFXODQWH
1RWD )OX[RGHFDL[DGDVDWLYLGDGHVRSHUDFLRQDLV
(TXLYDOHQWHVGHFDL[D
'HErQWXUHV
/XFUR SUHMXt]R GRH[HUFtFLR
2SHUDo}HVGHFUpGLWRDUHFHEHU
,PSRVWRVHFRQWULEXLo}HVDUHFROKHU
5HFHLWDRSHUDFLRQDOOtTXLGD
$MXVWH
,PSRVWRVHFRQWULEXLo}HVDUHFXSHUDU
3DUWHVUHODFLRQDGDV
&XVWRGDVRSHUDo}HV
3HUGDVHVWLPDGDVFRPFUpGLWRV
7RWDOGRDWLYRFLUFXODQWH
7RWDOGRSDVVLYRFLUFXODQWH
/XFUR SUHMXt]R EUXWR
GHOLTXLGDomRGXYLGRVD
5HFHLWDV GHVSHVDV RSHUDFLRQDLV
1mRFLUFXODQWH
3DWULP{QLROtTXLGR
5HGXomR DXPHQWR QRVDWLYRV
,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDOGLIHULGRV &DSLWDOVRFLDO
*HUDLVHDGPLQLVWUDWLYDV
2SHUDo}HVGHFUpGLWRDUHFHEHU
7RWDOGRDWLYRQmRFLUFXODQWH
3UHMXt]RVDFXPXODGRV
3HUGDVHVWLPDGDVFRPFUpGLWRV
,PSRVWRVHFRQWULEXLo}HVDUHFXSHUDU
7RWDOGRSDWULP{QLROtTXLGR
GHOLTXLGDomRGXYLGRVD
2XWURVDWLYRV
7RWDOGRDWLYR
7RWDOGRSDVVLYRHSDWULP{QLROtTXLGR
5HVXOWDGR¿QDQFHLUROtTXLGR
,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDOGLIHULGRV
1RWDVH[SOLFDWLYDVGD$GPLQLVWUDomRjV'HPRQVWUDo}HV)LQDQFHLUDV([HUFtFLRV¿QGRVHPGHGH]HPEURGHHGH 2XWUDVUHFHLWDV GHVSHVDV OtTXLGDV
$XPHQWR UHGXomR QRVSDVVLYRV
/XFUR SUHMXt]R DQWHVGRLPSRVWR
(PPLOKDUHVGHUHDLV
'HErQWXUHV
GHUHQGDHGDFRQWULEXLomRVRFLDO
&RQWH[WRRSHUDFLRQDO $*HUDGRU&RPSDQKLD6HFXULWL]DGRUD PHQWR$&RPSDQKLDEDL[DXPSDVVLYR¿QDQFHLURTXDQGRWHPVXDV
,PSRVWRVHFRQWULEXLo}HVDUHFROKHU
GH&UpGLWRV)LQDQFHLURVFRPVHGHQD$YHQLGD*RYHUQDGRU$JDPH REULJDo}HVFRQWUDWXDLVUHWLUDGDVFDQFHODGDVRXYHQFLGDV$&RPSD ,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDOGLIHULGRV
3DUWHVUHODFLRQDGDV
QRQ0DJDOKmHVQVDODDQGDUHP5HFLIH3(pXPD QKLDWHPSDVVLYR¿QDQFHLURQDFDWHJRULDRXWURVSDVVLYRV7DLVSDVVL /XFUR SUHMXt]R GRH[HUFtFLR
&DL[DOtTXLGRDSOLFDGRQDV
VRFLHGDGH FRP SURSyVLWR HVSHFt¿FR FRP SUD]R LQGHWHUPLQDGR GH YRV¿QDQFHLURVVmRUHFRQKHFLGRVLQLFLDOPHQWHSHORYDORUMXVWRDFUHV /XFUR SUHMXt]R SRUDomRHP5
'HPRQVWUDo}HVGR5HVXOWDGR$EUDQJHQWH
DWLYLGDGHVRSHUDFLRQDLV
GXUDomRHIRLFRQVWLWXtGDHLQLFLRXVXDVDWLYLGDGHVRSHUDFLRQDLVHP FLGRGHTXDLVTXHUFXVWRVGHWUDQVDomRDWULEXtYHLV$SyVRUHFRQKHFL
([HUFtFLRV¿QGRVHPGHGH]HPEUR
)OX[RGHFDL[DGDVDWLYLGDGHVGH¿QDQFLDPHQWRV
GHPDUoRGH$&RPSDQKLDWHPSRUREMHWRVRFLDOH[FOXVLYR PHQWRLQLFLDOHVVHVSDVVLYRV¿QDQFHLURVVmRPHGLGRVSHORFXVWRDPRU
(PPLOKDUHVGHUHDLV
,QWHJUDOL]DomRGHFDSLWDO
DGTXLULUHPFRQMXQWRRXVHSDUDGDPHQWHGLUHLWRVFUHGLWyULRVRULXQ WL]DGRDWUDYpVGRPpWRGRGRVMXURVHIHWLYRV2VDWLYRVHSDVVLYRV¿
&DL[DOtTXLGRJHUDGRSHODV
GRVGDVRSHUDo}HVGHFRUUHQWHVGHHPSUpVWLPRVFRPSDJDPHQWRV QDQFHLURVVmRFRPSHQVDGRVHRYDORUOtTXLGRpDSUHVHQWDGRQRED
/XFUR
SUHMXt]R
GRH[HUFtFLR
DWLYLGDGHVGH¿
QDQFLDPHQWRV
IHLWRVDWUDYpVGHGHVFRQWRVHPIROKDGHSDJDPHQWRV FUpGLWRFRQ ODQoRSDWULPRQLDOTXDQGRHVRPHQWHTXDQGRD&RPSDQKLDWHQKDR
$XPHQWRGRFDL[DHHTXLYDOHQWHVGHFDL[D
VLJQDGR SUDWLFDGDVSHOR%DQFR*HUDGRU6$LQVWLWXLomR¿QDQFHL GLUHLWROHJDOGHFRPSHQVDURVYDORUHVHWHQKDDLQWHQomRGHOLTXLGDU 2XWURVUHVXOWDGRVDEUDQJHQWHV
9DULDomRGRFDL[DHHTXLYDOHQWHVGHFDL[D
UDLQVFULWDQR&DGDVWUR1DFLRQDOGD3HVVRD-XUtGLFDGR0LQLVWpULR HPXPDEDVHOtTXLGDRXGHUHDOL]DURDWLYRHTXLWDURSDVVLYRVLPXO 5HVXOWDGRDEUDQJHQWHGRH[HUFtFLR
(TXLYDOHQWHVGHFDL[DQR¿PGRH[HUFtFLR
'HPRQVWUDo}HVGDV0XWDo}HVGR3DWULP{QLR/tTXLGR
GD)D]HQGDVREQ$SDUWLUGHHPGHFRU WDQHDPHQWHE(TXLYDOHQWHVGHFDL[D &RPSUHHQGHPRVVDOGRVGH
(TXLYDOHQWHVGHFDL[DQRLQtFLRGRH[HUFtFLR
([HUFtFLRV¿QGRVHPGHGH]HPEUR
UrQFLDGHXPDUHHVWUXWXUDomRRSHUDFLRQDOQR%DQFR*HUDGRU6$ GHSyVLWRVEDQFiULRVjYLVWDHDSOLFDo}HV¿QDQFHLUDV$VDSOLFDo}HV¿
$XPHQWRGRFDL[DHHTXLYDOHQWHVGHFDL[D
(PPLOKDUHVGHUHDLV
DVRSHUDo}HVGHFUpGLWRGD&RPSDQKLDIRUDPH[WUHPDPHQWHUHGX QDQFHLUDVHVWmRGHPRQVWUDGDVDRFXVWRDFUHVFLGRGRVUHQGLPHQWRV
QDGHPRQVWUDomRGRUHVXOWDGRVREDUXEULFD³&XVWRGDVRSHUDo}HV´
&DSLWDO
3UHMXt]RV
]LGDV$$GPLQLVWUDomRHVWiDYDOLDQGRDVLWXDomRQRVHQWLGRGHUH DXIHULGRVDWpDGDWDGRHQFHUUDPHQWRGREDODQoRSDWULPRQLDOHVmR
VRFLDO DFXPXODGRV 7RWDO QRPRQWDQWHGH5HP 5HP (PPDUoRGH
WRPDGDGDQRUPDOLGDGHRSHUDFLRQDOGD&RPSDQKLD$&RPSDQKLD GHOLTXLGH]LPHGLDWDF2SHUDo}HVGHFUpGLWRDUHFHEHU 5HSUHVHQ
DVGHErQWXUHVIRUDPOLTXLGDGDV
XWLOL]DVHP{QXVDVGHSHQGrQFLDVItVLFDVHHVWUXWXUDGR%DQFR*H WDPRVYDORUHVDUHFHEHUGHRSHUDo}HVGHHPSUpVWLPRVFRQVLJQDGRV 6DOGRVHPGHMDQHLURGH
3DUWHVUHODFLRQDGDV 7UDWDVHGHUHFHELPHQWRVSHOD&RPSDQKLD
RULJLQDGRVQR%DQFR*HUDGRU6$FXMRVHQFDUJRVSDFWXDGRVVmRUH ,QWHJUDOL]DomRGHFDSLWDO
UDGRU6$SDUDGHVHQYROYHUVXDVDWLYLGDGHVRSHUDFLRQDLV
3UHMXt]RGRH[HUFtFLR
GHYDORUHVGDFDUWHLUDGHFUpGLWRGHGLUHLWRGR%DQFR*HUDGRU6$RV
%DVHGHSUHSDUDomRHDSUHVHQWDomRGDVGHPRQVWUDo}HV¿ FRQKHFLGRVQRUHVXOWDGRSHORUHJLPHGHFRPSHWrQFLD$HVWLPDWLYD
TXDLVVmRUHSDVVDGRVSRVWHULRUPHQWH
QDQFHLUDV D'HFODUDomRGHFRQIRUPLGDGH $VGHPRQVWUDo}HV¿ GHSHUGDVFRPFUpGLWRVGHOLTXLGDomRGXYLGRVDpFRQVWLWXtGDHPYD 6DOGRVHPGHGH]HPEURGH
3DVVLYRVFRQWLQJHQWHV 1mRKiDo}HVFRQWUDD&RPSDQKLDDWp
QDQFHLUDVGD&RPSDQKLDIRUDPHODERUDGDVHHVWmRVHQGRDSUHVHQ ORUMXOJDGRVX¿FLHQWHFRPEDVHQDDYDOLDomRGHULVFRLQGLYLGXDOG,P ,QWHJUDOL]DomRGHFDSLWDO
RPRPHQWR1RGHVHQYROYLPHQWRGHVXDVRSHUDo}HVD&RPSDQKLD
WDGDVHPFRQIRUPLGDGHFRPDVSUiWLFDVFRQWiEHLVDGRWDGDVQR%UD SRVWRGHUHQGDHFRQWULEXLomRVRFLDOGLIHULGRV 2LPSRVWRGHUHQ /XFURGRH[HUFtFLR
HVWiVXMHLWDDFHUWRVULVFRVUHSUHVHQWDGRVSRUDo}HVWULEXWiULDV
VLOHFRPREVHUYkQFLDjVGLVSRVLo}HVFRQWLGDVQDOHJLVODomRVRFLH GDHDFRQWULEXLomRVRFLDOGLIHULGRVVmRUHFRQKHFLGRVQRVWHUPRVGD 6DOGRVHPGHGH]HPEURGH
WiULDEUDVLOHLUD$VGHPRQVWUDo}HV¿QDQFHLUDVTXHLQFOXHPDVQR OHJLVODomR¿VFDOHDOtTXRWDVYLJHQWHVVREUHSUHMXt]RV¿VFDLVHEDVH 2SHUDo}HVGHFUpGLWRDUHFHEHU 5HIHUHVHH[FOXVLYDPHQWHD FtYHLVHWUDEDOKLVWDV4XDQWRDDo}HVWULEXWiULDVGHDFRUGRFRPDV
WDVH[SOLFDWLYDVVmRGHUHVSRQVDELOLGDGHGD$GPLQLVWUDomRGD&RP QHJDWLYDGDFRQWULEXLomRVRFLDOHDSUHVHQWDGRVQRDWLYRQmRFLUFXODQ RSHUDo}HVSRUFRQWDGH³(PSUpVWLPRVFRQVLJQDGRV´RULJLQDGDVSHOR OHJLVODo}HVYLJHQWHVDVRSHUDo}HVGD&RPSDQKLDHVWmRVXMHLWDV
D UHYLV}HV SHODV DXWRULGDGHV ¿VFDLV HP SHUtRGRV SUHVFULFLRQDLV
SDQKLDFXMDDXWRUL]DomRSDUDVXDFRQFOXVmRIRLGDGDHP GHPDU WHFRQIRUPHVXDH[SHFWDWLYDGHUHDOL]DomRH'HErQWXUHV 6mRUH %DQFR*HUDGRU6$FXMRVVDOGRVSRGHPVHUDVVLPDSUHVHQWDGRV
oRGHE0HQVXUDomRGHYDORU $VGHPRQVWUDo}HV¿QDQFHL JLVWUDGDVSHORVYDORUHVQRPLQDLVHDWXDOL]DGDVFRPEDVHQRVHQFDU
HPJHUDOFLQFRDQRV SDUDRVGLYHUVRVLPSRVWRVWD[DVHFRQWUL
UDVIRUDPSUHSDUDGDVFRPEDVHQRFXVWRKLVWyULFRH[FHWRTXDQGR JRV¿QDQFHLURVFRQWUDWXDLVLQFRUULGRVUHJLVWUDGRVQRUHVXOWDGRVRED 'HVFULomR
&LUFXODQWH &LUFXODQWH EXLo}HVIHGHUDLVHPXQLFLSDLV
LQGLFDGRGHRXWUDIRUPDHPQRWDH[SOLFDWLYDF0RHGDIXQFLRQDOH UXEULFD³&XVWRGDVRSHUDo}HV´SHORUHJLPHGHFRPSHWrQFLDI'H &UpGLWRVDUHFHEHU
&DSLWDOVRFLDO 2FDSLWDOVRFLDOWRWDOPHQWHLQWHJUDOL]DGRpGH
PRHGDGHDSUHVHQWDomR $VGHPRQVWUDo}HV¿QDQFHLUDVHVWmRDSUH PDLVDWLYRVHSDVVLYRV 8PDWLYRpUHFRQKHFLGRQREDODQoRTXDQ 5HQGDVDDSURSULDU
5 HPGHGH]HPEURGH 5HP HHVWi
GLYLGLGRHP Do}HVRUGLQiULDVQRPLQDWLYDVHVHPYDORU
VHQWDGDVHPPLOKDUHVGHUHDLV2UHDOpDPRHGDIXQFLRQDOHGH GRIRUSURYiYHOTXHVHXVEHQHItFLRVHFRQ{PLFRVIXWXURVVHUmRJHUD 3HUGDVHVWLPDGDVFRP
DSUHVHQWDomRGD&RPSDQKLDG8VRGHHVWLPDWLYDVHMXOJDPHQ GRVHPIDYRUGD&RPSDQKLDHVHXFXVWRRXYDORUSXGHUVHUPHQVX FUpGLWRVGHOLTXLGDomRGXYLGRVD
QRPLQDO(P GHDEULOGHIRLUHDOL]DGRRDXPHQWRGHFDSL
WRV $SUHSDUDomRGDVGHPRQVWUDo}HV¿QDQFHLUDVGHDFRUGRFRP UDGRFRPVHJXUDQoD8PSDVVLYRpUHFRQKHFLGRQREDODQoRTXDQGR
WDOGD&RPSDQKLDPHGLDQWHDHPLVVmRGHQRYDVDo}HVSHODDFLR
DVQRUPDVEUDVLOHLUDVH[LJHTXHD$GPLQLVWUDomRGD&RPSDQKLDIDoD D&RPSDQKLDSRVVXLXPDREULJDomROHJDORXFRQVWLWXtGDFRPRUHVXO $PRYLPHQWDomRGDHVWLPDWLYDGHSHUGDVFRPFUpGLWRVGHOLTXLGDomR QLVWD5HGH%DQRUWH0DWUL]0XOWLVVHUYLoRV/WGDQRPRQWDQWHGH5
GLYLGLGRHPDo}HVRUGLQiULDVQRPLQDWLYDVHVHP
MXOJDPHQWRVHVWLPDWLYDVHSUHPLVVDVTXHDIHWDPDDSOLFDomRGHSR WDGRGHXPHYHQWRSDVVDGRVHQGRSURYiYHOTXHXPUHFXUVRHFRQ{ GXYLGRVDIRLDVHJXLQWH
OtWLFDVFRQWiEHLVHRVYDORUHVUHSRUWDGRVGHDWLYRVSDVVLYRVUHFHL PLFRVHMDUHTXHULGRSDUDOLTXLGiORQRIXWXUR(VWmRGHPRQVWUDGRVSRU
YDORUQRPLQDO$LQGDHPGHDJRVWRGHIRLUHDOL]DGRRDX
WDVHGHVSHVDV2VUHVXOWDGRVUHDLVSRGHPGLYHUJLUGHVVDVHVWLPD VHXVYDORUHVFRQKHFLGRVRXFDOFXOiYHLVDFUHVFLGRVTXDQGRDSOLFi 6DOGRLQLFLDO
PHQWR GH FDSLWDO GD &RPSDQKLD PHGLDQWH D HPLVVmR GH QRYDV
WLYDV$VLQIRUPDo}HVVREUHMXOJDPHQWRVFUtWLFRVUHIHUHQWHVjVSROt YHOGRVFRUUHVSRQGHQWHVUHQGLPHQWRVHQFDUJRVHDWXDOL]Do}HVPR 5HYHUV}HV
Do}HVSHODDFLRQLVWD5HGH%DQRUWH0DWUL]0XOWLVVHUYLoRV/WGDQR
WLFDVFRQWiEHLVDGRWDGDVSHOD$GPLQLVWUDomRGD&RPSDQKLDHTXH QHWiULDVLQFRUULGDVDWpDGDWDGREDODQoRHQRFDVRGRVDWLYRVUHWL¿ $GLo}HV
PRQWDQWHGH5GLYLGLGRHPDo}HVRUGLQiULDVQRPL
SRVVXHPPDLRUFRPSOH[LGDGHEHPFRPRDTXHODVFXMDVSUHPLVVDV FDGRVSRUSURYLVmRSDUDSHUGDVTXDQGRQHFHVViULRJ3URYLV}HV &UpGLWRVEDL[DGRVSDUDSUHMXt]R
QDWLYDVHVHPYDORUQRPLQDO(P GHIHYHUHLURGHIRLUHD
HHVWLPDWLYDVVmRVLJQL¿FDWLYDVSDUDDVGHPRQVWUDo}HV¿QDQFHLUDV 8PDSURYLVmRpUHFRQKHFLGDTXDQGRKiXPDREULJDomRSUHVHQWHOH 6DOGR¿QDO
OL]DGRRDXPHQWRGHFDSLWDOGD&RPSDQKLDPHGLDQWHDHPLVVmRGH
JDORXQmRIRUPDOL]DGDFRPRUHVXOWDGRGHHYHQWRVSDVVDGRVTXDQ $FDUWHLUDGHRSHUDo}HVGHFUpGLWRHVWiDWXDOL]DGDSHORVHQFDUJRV QRYDV Do}HV SHOD DFLRQLVWD 5HGH %DQRUWH 0DWUL] 0XOWLVVHUYLoRV
HVWmRLQFOXtGDVQDVUHVSHFWLYDVQRWDVH[SOLFDWLYDV
5HVXPRGDVSULQFLSDLVSUiWLFDVFRQWiEHLV $VSULQFLSDLVSROtWL GRpSURYiYHOTXHXPDVDtGDGHUHFXUVRVVHMDQHFHVViULDSDUDOLTXL SDFWXDGRVHPFRQWUDWRVFRPRVGHYHGRUHV$HVWLPDWLYDGHSHUGDV /WGDQRPRQWDQWHGH5GLYLGLGRHPDo}HVRU
FDVFRQWiEHLVTXHIRUDPDSOLFDGDVGHPRGRFRQVLVWHQWHQRVH[HUFt GDUDREULJDomRHTXDQGRRYDORUSRVVDVHUHVWLPDGRFRPVX¿FLHQWH FRPFUpGLWRVGHOLTXLGDomRGXYLGRVDpFRQVLGHUDGDSHOD$GPLQLVWUD GLQiULDVQRPLQDWLYDVHVHPYDORUQRPLQDO
5HFHLWDRSHUDFLRQDOOtTXLGD
FLRVDSUHVHQWDGRVHVWmRDSUHVHQWDGDVDEDL[R D,QVWUXPHQWRV¿ VHJXUDQoDK$WLYRVHSDVVLYRVFRQWLQJHQWHV $VSUiWLFDVFRQWi omRGD&RPSDQKLDVX¿FLHQWHSDUDFREULUHYHQWXDLVSHUGDVIXWXUDV
'HVFULomR
QDQFHLURV 2VLQVWUXPHQWRV¿QDQFHLURVVRPHQWHVmRUHFRQKHFLGRV EHLVSDUDUHJLVWURHGLYXOJDomRGHDWLYRVHSDVVLYRVFRQWLQJHQWHVH ,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDOGLIHULGRV
DSDUWLUGDGDWDHPTXHD&RPSDQKLDVHWRUQDSDUWHGDVGLVSRVLo}HV REULJDo}HVOHJDLVVmRDVVHJXLQWHV $WLYRVFRQWLQJHQWHV VmRUHFR 'HVFULomR
5HQGDVGHHPSUpVWLPRVHPFDUWHLUD
,PSRVWRVLQFLGHQWHV
FRQWUDWXDLVGRVLQVWUXPHQWRV¿QDQFHLURV4XDQGRUHFRQKHFLGRVVmR QKHFLGRVVRPHQWHTXDQGRKiJDUDQWLDVUHDLVRXGHFLV}HVMXGLFLDLVID ,PSRVWRGHUHQGD±,53-
LQLFLDOPHQWHUHJLVWUDGRVDRVHXYDORUMXVWRDFUHVFLGRVGRVFXVWRVGH YRUiYHLVWUDQVLWDGDVHPMXOJDGR2VDWLYRVFRQWLQJHQWHVFRPr[LWRV &RQWULEXLomRVRFLDO±&6//
WUDQVDomRTXHVHMDPGLUHWDPHQWHDWULEXtYHLVjVXDDTXLVLomRRXHPLV SURYiYHLVVmRDSHQDVGLYXOJDGRVHPQRWDH[SOLFDWLYD3DVVLYRVFRQ
'HVSHVDVJHUDLVHDGPLQLVWUDWLYDV
VmRTXDQGRDSOLFiYHO6XDPHQVXUDomRVXEVHTXHQWHRFRUUHDFDGD WLQJHQWHV VmRSURYLVLRQDGRVTXDQGRDVSHUGDVIRUHPDYDOLDGDVFRPR (PGHGH]HPEURGHHGHD&RPSDQKLDSRVVXtDSUH 'HVFULomR
GDWDGHEDODQoRGHDFRUGRFRPDVUHJUDVHVWDEHOHFLGDVSDUDFDGD SURYiYHLVHRVPRQWDQWHVHQYROYLGRVIRUHPPHQVXUiYHLVFRPVX¿ MXt]RV¿VFDLVHEDVHGHFiOFXORQHJDWLYDGDFRQWULEXLomRVRFLDOVHP 'HVSHVDVGHSXEOLFDo}HV
WLSRGHFODVVL¿FDomRGHDWLYRVHSDVVLYRV¿QDQFHLURV$WLYRV¿QDQFHL FLHQWHVHJXUDQoD2VSDVVLYRVFRQWLQJHQWHVDYDOLDGRVFRPRGHSHU SUD]RVGHSUHVFULomRHFRPSHQViYHLVFRPOXFURVWULEXWiULRVIXWXURV 6HUYLoRVGHDVVHVVRULDWpFQLFD
URV $FODVVL¿FDomRGHSHQGHGDQDWXUH]DHGRSURSyVLWRGRVDWLYRV¿ GDVSRVVtYHLVVmRDSHQDVGLYXOJDGRVHPQRWDH[SOLFDWLYDHRVSDVVL OLPLWDGRDGRVOXFURVDQXDLV &RQVLGHUDQGRDVSURMHo}HVHDYD 6HUYLoRVEDQFiULRV
QDQFHLURVHpGHWHUPLQDGDQRUHFRQKHFLPHQWRLQLFLDO$VDTXLVLo}HV YRVFRQWLQJHQWHVDYDOLDGRVFRPRGHSHUGDVUHPRWDVQmRVmRSURYL OLDo}HVHFRQ{PLFDVHHVWUDWpJLFDVDVTXDLVFRQWHPSODPXPSRVVt 2XWUDVGHVSHVDV
RXDOLHQDo}HVGHDWLYRV¿QDQFHLURVVmRUHFRQKHFLGDVRXEDL[DGDV VLRQDGRVQHPGLYXOJDGRV$VHVWLPDWLYDVGHSHUGDVVmRHVWDEHOHFL YHOFHQiULRGHUHQWDELOLGDGHIXWXUDGDVRSHUDo}HVHPPRQWDQWHVX¿
FRPEDVHQDGDWDGHQHJRFLDomR$&RPSDQKLDSRVVXLDWLYRV¿QDQ GDVSHORVDVVHVVRUHVMXUtGLFRVGD&RPSDQKLDTXDQGRQHFHVViULR FLHQWHSDUDSHUPLWLUDFRPSHQVDomRGRVUHIHULGRVSUHMXt]RV¿VFDLVH 5HVXOWDGR¿QDQFHLUROtTXLGR
FHLURVFODVVL¿FDGRVFRPRUHFHEtYHLV$&RPSDQKLDFRQVLGHUDDWLYRV 2EULJDo}HVOHJDLVVmRVHPSUHUHJLVWUDGDVFRPRH[LJtYHLVL5HFR EDVHQHJDWLYDGDFRQWULEXLomRVRFLDOD$GPLQLVWUDomRGD&RPSDQKLD 'HVFULomR
¿QDQFHLURVQDFDWHJRULDGHUHFHEtYHLVDVRSHUDo}HVGHFUpGLWRDUH QKHFLPHQWRGDVUHFHLWDVHGHVSHVDV $VUHFHLWDVHGHVSHVDVVmR SURFHGHXDRUHJLVWURGRVFUpGLWRVWULEXWiULRVFDOFXODGRVDSDUWLUGDV 5HQGDVGHDSOLFDo}HV¿QDQFHLUDV
2XWUDVUHFHLWDV GHVSHVDV OtTXLGDV
FHEHU5HFHEtYHLVVmRDWLYRV¿QDQFHLURVTXHSRVVXHPSDJDPHQWRV DSURSULDGDV QR UHVXOWDGR REHGHFHQGR DR UHJLPH GH FRPSHWrQFLD DOtTXRWDVR¿FLDLV ,53- DGLFLRQDOGHH&6//
'HVFULomR
¿[RVRXGHWHUPLQiYHLVHQmRVmRFRWDGRVHPXPPHUFDGRDWLYR(OHV 8PDUHFHLWDQmRpUHFRQKHFLGDVHKRXYHULQFHUWH]DVLJQL¿FDWLYDGH 'HErQWXUHV
VmRPHQVXUDGRVSHORFXVWRDPRUWL]DGRXWLOL]DQGRVHGRPpWRGRGRV VXDUHDOL]DomRM6HJUHJDomRHQWUHFLUFXODQWHHQmRFLUFXODQWH $V
5HFXSHUDomRGHFUpGLWRVEDL[DGRVSDUDSUHMXt]R
MXURVHIHWLYRVGHGX]LGRGHSURYLVmRSDUDSHUGDDRYDORUUHFXSHUiYHO RSHUDo}HVDWLYDVHSDVVLYDVFRPYHQFLPHQWRVLQIHULRUHVDWpRHQFHU 'HVFULomR
&LUFXODQWH 7RWDO 5HYHUVmRGHSURYLVmRSDUDRSHUDo}HV
³impairment´ TXDQGRDSOLFiYHO$UHFHLWDpUHFRQKHFLGDQRUHVXOWD UDPHQWR GR SUy[LPR H[HUFtFLR HVWmR UHJLVWUDGDV QR FLUFXODQWH H DV 2EULJDo}HVSRUHPLVV}HVGHGHErQWXUHV
GHFUpGLWRGHOLTXLGDomRGXYLGRVD
GR$&RPSDQKLDEDL[DXPDWLYR¿QDQFHLURVRPHQWHTXDQGRRVGLUHL FRPSUD]RVVXSHULRUHVQRQmRFLUFXODQWHN'HPRQVWUDo}HVGRVÀX 6mRREULJDo}HVSRUFRQWDGHGXDVHPLVV}HVGHGHErQWXUHVFRQIRU 2XWUDVGHVSHVDV
WRVFRQWUDWXDLVVREUHRÀX[RGHFDL[DGRDWLYRYHQFHPRXTXDQGR [RVGHFDL[D $VGHPRQVWUDo}HVGRVÀX[RVGHFDL[DIRUDPSUHSDUD PH,QVWUXPHQWR3DUWLFXODUGH(VFULWXUDGH(PLVVmRGH'HErQWXUHV
*HUHQFLDPHQWRGHULVFRV $VRSHUDo}HVGD&RPSDQKLDHVWmR
WUDQVIHUHRDWLYR¿QDQFHLURHVXEVWDQFLDOPHQWHWRGRVRVULVFRVHUH GDVSHORPpWRGRLQGLUHWR
6LPSOHVQmRFRQYHUVtYHLVHPDomRGDHVSpFLHVXERUGLQDGDRFRUUL
WRUQRVVREUHDSURSULHGDGHGRDWLYRSDUDRXWUDHQWLGDGH3DVVLYRV¿ (TXLYDOHQWHVGHFDL[D
GDVHPGHPDUoRGHHGHPDUoRGHQRPRQWDQWH H[SRVWDVDULVFRVFXMRJHUHQFLDPHQWRpIHLWRSHOD$GPLQLVWUDomRQR
QDQFHLURV $&RPSDQKLDUHFRQKHFHSDVVLYRV¿QDQFHLURVLQLFLDOPHQ 'HVFULomR
GH5FDGD$VGHErQWXUHVIRUDPUHJLVWUDGDVSHORVYDORUHV VHQWLGRGHPLQLPL]iORVDWUDYpVGHVLVWHPDVGHFRQWUROHVLQWHUQRV2V
WHQDGDWDHPTXHVmRRULJLQDGRV7RGRVRVRXWURVSDVVLYRV¿QDQFHL %DQFRVFRQWDPRYLPHQWR
QRPLQDLVXQLWiULRVGDVUHVSHFWLYDVHPLVV}HVHDWXDOL]DGDVSHODWD[D ULVFRVH[LVWHQWHVVmRGHFUpGLWRGHOLTXLGH]HRSHUDFLRQDO2ULVFR
URVVmRUHFRQKHFLGRVLQLFLDOPHQWHQDGDWDGHQHJRFLDomRQDTXDOD $SOLFDo}HV¿QDQFHLUDV &'%
GHMXURVSDFWXDGDHTXLYDOHQWHDGR&',FDOFXODGRVGLDULD RSHUDFLRQDOGHFRUUHGD&RPSDQKLDGHSHQGHUGRVGLUHLWRVFUHGLWyULRV
&RPSDQKLDVHWRUQDXPDSDUWHGDVGLVSRVLo}HVFRQWUDWXDLVGRLQVWUX
PHQWH(VVHVHQFDUJRVGHYLGRVPHQVDOPHQWHHVWmRDSUHVHQWDGRV RULJLQDGRVDSHQDVQR%DQFR*HUDGRU6$FRQIRUPHQRWD
$',5(725,$
5HODWyULRGRV$XGLWRUHV,QGHSHQGHQWHV
,QGHSHQGHQWHV 1RVVDUHVSRQVDELOLGDGHpDGHH[SUHVVDUXPDRSL
VREUHDV'HPRQVWUDo}HV)LQDQFHLUDV
QLmRVREUHHVVDVGHPRQVWUDo}HV¿QDQFHLUDVFRPEDVHHPQRVVDDX
$RV'LUHWRUHVH$FLRQLVWDVGD*HUDGRU±&RPSDQKLD6HFXULWL]DGR GLWRULDFRQGX]LGDGHDFRUGRFRPDVQRUPDVEUDVLOHLUDVHLQWHUQDFLR
UDGH&UpGLWRV)LQDQFHLURV5HFLIH3(
QDLVGHDXGLWRULD(VVDVQRUPDVUHTXHUHPRFXPSULPHQWRGHH[LJrQ
([DPLQDPRVDVGHPRQVWUDo}HV¿QDQFHLUDVGD*HUDGRU±&RPSDQKLD FLDVpWLFDVSHORVDXGLWRUHVHTXHDDXGLWRULDVHMDSODQHMDGDHH[HFX
6HFXULWL]DGRUDGH&UpGLWRV)LQDQFHLURV ³&RPSDQKLD´ TXHFRPSUHHQ WDGDFRPRREMHWLYRGHREWHUVHJXUDQoDUD]RiYHOGHTXHDVGHPRQV
GHPREDODQoRSDWULPRQLDOHPGHGH]HPEURGHHDVUHVSHF WUDo}HV¿QDQFHLUDVHVWmROLYUHVGHGLVWRUomRUHOHYDQWH8PDDXGLWRULD
WLYDVGHPRQVWUDo}HVGRUHVXOWDGRGRUHVXOWDGRDEUDQJHQWHGDVPX HQYROYHDH[HFXomRGHSURFHGLPHQWRVVHOHFLRQDGRVSDUDREWHQomR
WDo}HVGRSDWULP{QLROtTXLGRHGRVÀX[RVGHFDL[DSDUDRH[HUFtFLR GHHYLGrQFLDDUHVSHLWRGRVYDORUHVHGLYXOJDo}HVDSUHVHQWDGRVQDV
¿QGRQDTXHODGDWDDVVLPFRPRRUHVXPRGDVSULQFLSDLVSUiWLFDVFRQ GHPRQVWUDo}HV¿QDQFHLUDV2VSURFHGLPHQWRVVHOHFLRQDGRVGHSHQ
WiEHLVHGHPDLVQRWDVH[SOLFDWLYDV5HVSRQVDELOLGDGHGD$GPLQLV GHPGRMXOJDPHQWRGRDXGLWRULQFOXLQGRDDYDOLDomRGRVULVFRVGHGLV
WUDomRVREUHDVGHPRQVWUDo}HV¿QDQFHLUDV $$GPLQLVWUDomRGD WRUomRUHOHYDQWHQDVGHPRQVWUDo}HV¿QDQFHLUDVLQGHSHQGHQWHPHQ
&RPSDQKLDpUHVSRQViYHOSHODHODERUDomRHDGHTXDGDDSUHVHQWD WHVHFDXVDGDSRUIUDXGHRXHUUR1HVVDDYDOLDomRGHULVFRVRDXGL
omR GHVVDV GHPRQVWUDo}HV ¿QDQFHLUDV GH DFRUGR FRP DV SUiWLFDV WRUFRQVLGHUDRVFRQWUROHVLQWHUQRVUHOHYDQWHVSDUDDHODERUDomRH
FRQWiEHLVDGRWDGDVQR%UDVLOHSHORVFRQWUROHVLQWHUQRVTXHHODGH DGHTXDGDDSUHVHQWDomRGDVGHPRQVWUDo}HV¿QDQFHLUDVGD&RPSD
WHUPLQRXFRPRQHFHVViULRVSDUDSHUPLWLUDHODERUDomRGHGHPRQV QKLDSDUDSODQHMDURVSURFHGLPHQWRVGHDXGLWRULDTXHVmRDSURSULD
WUDo}HV¿QDQFHLUDVOLYUHVGHGLVWRUomRUHOHYDQWHLQGHSHQGHQWHPHQ GRVQDVFLUFXQVWkQFLDVPDVQmRSDUD¿QVGHH[SUHVVDUXPDRSLQLmR
WHVHFDXVDGDSRUIUDXGHRXHUUR5HVSRQVDELOLGDGHGRV$XGLWRUHV VREUHDH¿FiFLDGHVVHVFRQWUROHVLQWHUQRVGD&RPSDQKLD8PDDXGL
&RQWDGRU0DULDQR9DOH&5&3(2
WRULDLQFOXLWDPEpPDDYDOLDomRGDDGHTXDomRGDVSUiWLFDVFRQWi UDo}HVHRVVHXVÀX[RVGHFDL[DSDUDRH[HUFtFLR¿QGRQDTXHODGDWD
EHLVXWLOL]DGDVHDUD]RDELOLGDGHGDVHVWLPDWLYDVFRQWiEHLVIHLWDVSHOD GHDFRUGRFRPDVSUiWLFDVFRQWiEHLVDGRWDGDVQR%UDVLOÇQIDVH &RQ
$GPLQLVWUDomREHPFRPRDDYDOLDomRGDDSUHVHQWDomRGDVGHPRQV IRUPHPHQFLRQDGRQDQRWDH[SOLFDWLYDD&RPSDQKLDWHPSRUREMH
WUDo}HV¿QDQFHLUDVWRPDGDVHPFRQMXQWR$FUHGLWDPRVTXHDHYLGrQ WRVRFLDOH[FOXVLYRDDTXLVLomRGHGLUHLWRVFUHGLWyULRVGHFRUUHQWHVGH
FLD GH DXGLWRULD REWLGD p VX¿FLHQWH H DSURSULDGD SDUD IXQGDPHQWDU HPSUpVWLPRVFRPTXLWDo}HVIHLWDVDWUDYpVGHGHVFRQWRVHPIROKDGH
QRVVDRSLQLmRFRPUHVVDOYD%DVHSDUDRSLQLmRFRPUHVVDOYD &RQ SDJDPHQWR FUpGLWRFRQVLJQDGR SUDWLFDGRVSHOR%DQFR*HUDGRU6$
IRUPHPHQFLRQDGRQDQRWDH[SOLFDWLYDD&RPSDQKLDUHJLVWURXDWL FXMDVRSHUDo}HVDSUHVHQWDUDPXPDUHGXomRLPSRUWDQWHHP$V
YRV¿VFDLVGLIHULGRVQRPRQWDQWHGH5PLOIXQGDPHQWDGDQD GHPRQVWUDo}HV¿QDQFHLUDVIRUDPSUHSDUDGDVQRSUHVVXSRVWRGDFRQ
H[SHFWDWLYDGHOXFURVWULEXWiYHLVIXWXURV7RGDYLDFRPEDVHQDVLQ WLQXLGDGHQRUPDOGDVRSHUDo}HVGD&RPSDQKLD2XWURVDVVXQWRV
IRUPDo}HVGLVSRQtYHLVQmRQRVIRLSRVVtYHOFRQFOXLUFRPVHJXUDQoD 'HPRQVWUDo}HV¿QDQFHLUDVGRH[HUFtFLRDQWHULRU 2VYDORUHVFRU
VHDVDo}HVHVWUDWpJLFDVGD$GPLQLVWUDomRGD&RPSDQKLDSRGHUmR UHVSRQGHQWHVDRH[HUFtFLR¿QGRHPGHGH]HPEURGHDSUH
JDUDQWLUDUHDOL]DomRGDTXHOHPRQWDQWHGHDWLYRV¿VFDLVGLIHULGRV2SL VHQWDGRVSDUD¿QVGHFRPSDUDomRIRUDPWDPEpPSRUQyVH[DPLQD
QLmRFRPUHVVDOYD (PQRVVDRSLQLmRH[FHWRSHORVSRVVtYHLVHIHL GRVFXMRUHODWyULRGDWDGRGHGHDEULOGHFRQWLQKDPRGL¿FD
WRVGRDVVXQWRFRPHQWDGRQRSDUiJUDIR³%DVHSDUDRSLQLmRFRPUHV omRGRPHVPRDVVXQWRFRPHQWDGRQRSDUiJUDIR³%DVHSDUDRSLQLmR
VDOYD´DVGHPRQVWUDo}HV¿QDQFHLUDVDFLPDUHIHULGDVDSUHVHQWDPDGH FRPUHVVDOYD´DFLPD5LEHLUmR3UHWR63 GHPDUoRGH
TXDGDPHQWHHPWRGRVRVDVSHFWRVUHOHYDQWHVDSRVLomRSDWULPRQLDO
0RRUH6WHSKHQV3ULVPD$XGLWRULDH
H¿QDQFHLUDGD*HUDGRU±&RPSDQKLD6HFXULWL]DGRUDGH&UpGLWRV)L
&RQVXOWRULD&RQWiELO66/WGD&5&632³6´3(
+pOLR0D]]L-~QLRU&RQWDGRU&5&63 2³6´3(
QDQFHLURVHPGHGH]HPEURGHRGHVHPSHQKRGHVXDVRSH
(84859)
Consulte o nosso site: www.cepe.com.br