DOEPE 24/03/2017 - Pág. 23 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Recife, 24 de março de 2017
Diário Oficial do Estado de Pernambuco - Poder Executivo
FRQWLQXDomR
COMPANHIA MÜLLER DE BEBIDAS NORDESTE - CNPJ nº 02.151.119/0001-90
FRPR QD RSLQLmR GH VHXV DVVHVVRUHV MXUtGLFRV IRUDP FRQVWLWXtGDV SURYLV}HV QR SDVVLYR H[HUFtFLRVRFLDO SUHYLVWDSDUDQRPrVGHDEULOGH 16. Receita
2016
2015
QmR FLUFXODQWH SDUD ULVFRV FRP SHUGDV FRQVLGHUDGDV SURYiYHLV GHPRQVWUDGDV D VHJXLU 9HQGDVEUXWDV
9DORUIDWXUDGRSDUDRPHUFDGRLQWHUQR
109.264 100.135
Probabilidade de perda
IPI
(21.707) (17.244)
2016
2015
2XWURVLPSRVWRVHFRQWULEXLo}HVVREUHYHQGDV
(16.319)
(15.236)
Provável 3RVVtYHO Remota Provável 3RVVtYHO Remota
(87)
(175)
Devoluções e cancelamento de vendas
1DWXUH]DGRVSURFHVVRV
71.151 67.480
)LVFDLVQDHVIHUDDGPLQLVWUDWLYD
387 50.094
4.626
370
23.583
4.432 5HFHLWDOtTXLGDGDVYHQGDV
&tYHLV
1.408
- 17. Apresentação da demonstração do resultado por natureza - $ &RPSDQKLD
)LVFDLVQDHVIHUDMXGLFLDO
1.642
3.001
1.340
2.869 DSUHVHQWRXDGHPRQVWUDomRGRUHVXOWDGRXWLOL]DQGRXPDFODVVL¿FDomRGDVGHVSHVDVFRP
2.469
5.013
826
546
3.531
585 EDVHQDVXDIXQomR$VLQIRUPDo}HVVREUHDQDWXUH]DGHVVDVGHVSHVDVUHFRQKHFLGDVQD
7UDEDOKLVWDV
9DORUHQYROYLGRQRVSURFHVVRV
4.498 56.515
8.453
2.256
27.114
7.866
2016
2015
(2.592)
814
192 (1.863)
992
309 GHPRQVWUDomRGRUHVXOWDGRVmRDSUHVHQWDGDVDVHJXLU
Depósitos judiciais vinculados
&RQVXPRGHPDWpULDVSULPDVHPDWHULDLV
(31.643) (28.113)
3URYLVmRSDUDULVFRV¿VFDLVH
(15.647) (15.403)
393
- 6DOiULRVHQFDUJRVHEHQHItFLRVDHPSUHJDGRV
1.906
WUDEDOKLVWDV
0DQXWHQomRPHOKRULDVHOLPSH]D
(2.368)
(2.540)
$ &RPSDQKLD HVWi TXHVWLRQDQGR MXGLFLDOPHQWH D H[LJrQFLD GR DGLFLRQDO GR 6HJXUR 'HSUHFLDo}HVHDPRUWL]Do}HV
(2.946)
(3.087)
GH$FLGHQWH GR 7UDEDOKR 6$7 FXMR VDOGR HP GH GH]HPEUR GH p GH 5 Despesas com vendas
(12.196) (11.591)
5 HP HVWDQGR JDUDQWLGR SRU GHSyVLWRV MXGLFLDLV QR PRQWDQWH GH 5 %DL[DVGHEHQVGRLPRELOL]DGR
(7)
(55)
(740)
(1.063)
5 HP $GLFLRQDOPHQWH FRQVXEVWDQFLDGD QD RSLQLmR GRV VHXV DVVHVVRUHV ([SHGLomRIUHWHVHFDUUHWRV
(2.790)
(2.823)
MXUtGLFRVD$GPLQLVWUDomRSURYLVLRQRX D 5 5HP UHODWLYRVDKRQRUiULRV (QHUJLDWDULIDVHORFDo}HV
(1.322)
(10)
DGYRFDWtFLRV ³DG H[LWXP´ GHYLGRV VREUH DV GHPDQGDV HP GLVFXVV}HV QDV HVIHUDV 2XWUDVGHVSHVDV D
(69.659) (64.685)
DGPLQLVWUDWLYD H MXGLFLDO FXMDV FODVVL¿FDo}HV GH SUREDELOLGDGH GH SHUGDV VmR UHPRWDV H Total
&XVWRGRVSURGXWRVYHQGLGRV
(51.212)
(48.170)
E 5 5 HP UHODFLRQDGRV FRP DV Do}HV WUDEDOKLVWDV TXH DSUHVHQWDP
(12.196) (11.591)
SHUGDV SURYiYHLV UHODWLYDV D SHGLGRV GH YHUEDV GH GLIHUHQoDV VDODULDLV SHGLGRV Com vendas
*HUDLVHDGPLQLVWUDWLYDV
(3.774)
(3.912)
LQGHQL]DWyULRV H DGLFLRQDLV GH RXWUDV QDWXUH]DV IRUPXODGRV SRU DQWLJRV HPSUHJDGRV
(2.477)
(1.012)
2XWUDVGHVSHVDVRSHUDFLRQDLVOtTXLGDV D
DVVLP FRPR DTXHOHV UHIHUHQWHV jV HPSUHVDV WHUFHLUDV QmR VDXGiYHLV LQVROYHQWHV
(69.659) (64.685)
Total
SDUD RV TXDLV H[LVWHP GHSyVLWRV MXGLFLDLV QR PRQWDQWH GH 5 5 HP $
PRYLPHQWDomRGDSURYLVmRSDUDULVFRV¿VFDLVHWUDEDOKLVWDVSRGHVHUDVVLPGHPRQVWUDGD D $YDULDomRDSUHVHQWDGDGHFRUUHEDVLFDPHQWHGDSURYLVmRGHULVFRV¿VFDLVHWUDEDOKLVWDV
FRPSUREDELOLGDGHGHSHUGDSURYiYHOQRPRQWDQWHGH5FRQIRUPHDSUHVHQWDGRQD
2016
2015
2016
2015
6DOGRHPGHMDQHLUR
2.256
1.708 nota explicativa nº 14. 5HVXOWDGR¿QDQFHLUR
$GLFLRQDOGR6$7
303
332 'HVSHVDV¿QDQFHLUDV
(36)
(45)
1.939
216 -XURVVREUHHPSUpVWLPRVH¿QDQFLDPHQWRV
&RPSOHPHQWR UHYHUVmR GHSURYLVmR
(20)
(87)
6DOGRHPGHGH]HPEUR
4.498
2.256 9DULDomRPRQHWiULD
3,6H&2),16VREUHUHFHLWD¿
QDQFHLUD
(408)
(199)
(2.592) (1.863)
Depósitos judiciais vinculados
(17)
(41)
1.906
393 2XWUDVGHVSHVDV
3URYLVmRSDUDULVFRV¿VFDLVHWUDEDOKLVWDV
Total
(481)
(372)
(PYLUWXGHGHQmRKDYHUDSRVVLELOLGDGHGHUHVJDWHGRVGHSyVLWRVMXGLFLDLVDPHQRVTXH 5HFHLWDV¿QDQFHLUDV
RFRUUDGHVIHFKRIDYRUiYHOGDTXHVWmRSDUDD&RPSDQKLDSDUDRTXHVWLRQDPHQWRGR6$7H -XURVVREUHDSOLFDo}HV¿QDQFHLUDV
8.406
7.425
SDUDDVFRQWLQJrQFLDVFODVVL¿FDGDVGHSHUGDSURYiYHOHVVHVGHSyVLWRVVmRDSUHVHQWDGRV -XURVVREUHHPSUpVWLPRVDSDUWHVUHODFLRQDGDV
179
167
FRPRGHGXomRGRFRUUHVSRQGHQWHSDVVLYRFRQVWLWXtGR$o}HVFRPSUREDELOLGDGHGHr[LWR 2XWUDVUHFHLWDV
254
225
SRVVtYHO - $&RPSDQKLDHVWiFRQWHVWDQGRDGPLQLVWUDWLYDPHQWHDXWRVGHLQIUDomRODYUDGRV Total
8.839
7.817
8.358
7.445
SHODV DXWRULGDGHV ¿VFDLV QR PRQWDQWH DWXDOL]DGR GH 5 5 HP 5HVXOWDGR¿QDQFHLUR
FRPSRVWR VXEVWDQFLDOPHQWH SRU D 5 5 HP SRVVtYHO UHIHUHP 19. Imposto de renda e contribuição social diferidos - 1DWXUH]D H H[SHFWDWLYD GH
VH DR ,3, H E 5 GH DXWRV ODYUDGRV HP GH]HPEUR UHIHUHQWH FREUDQoD GH UHDOL]DomR GR LPSRVWR GH UHQGD H GD FRQWULEXLomR VRFLDO GLIHULGRV 2 LPSRVWR GH UHQGD
,&06VXSRVWDPHQWHGHYLGRVREUH L 5HPRSHUDo}HVFRPFOLHQWHVSRVWHULRUPHQWH H D FRQWULEXLomR VRFLDO GLIHULGRV VmR FDOFXODGRV VREUH RV SUHMXt]RV ¿VFDLV GR LPSRVWR GH
GHFODUDGRVLQLG{QHRVSHOR)LVFR(VWDGXDOH LL 5 SRURPLVV}HVGHQRWDV¿VFDLV UHQGD EDVH GH FiOFXOR QHJDWLYD GD FRQWULEXLomR VRFLDO H DV FRUUHVSRQGHQWHV GLIHUHQoDV
GH HQWUDGDV H VDtGDV GH PHUFDGRULDV QR HVWDEHOHFLPHQWR &RQIRUPH FRUURERUDGR SHORV WHPSRUiULDV HQWUH DV EDVHV GH FiOFXOR GR LPSRVWR VREUH DWLYRV H SDVVLYRV H RV YDORUHV
VHXV DVVHVVRUHV MXUtGLFRV D $GPLQLVWUDomR FRQVLGHUD R ULVFR GH SHUGD UHODFLRQDGR D FRQWiEHLV GDV GHPRQVWUDo}HV ¿QDQFHLUDV $V DOtTXRWDV GHVVHV LPSRVWRV GH¿QLGDV
HVWHVSURFHVVRVDGPLQLVWUDWLYRVFRPRSRVVtYHO&RQIRUPHGHVFULWRQDQRWDH[SOLFDWLYDQ DWXDOPHQWHSDUDGHWHUPLQDomRGRVWULEXWRVGLIHULGRVVmRGH HP SDUDR
D &RPSDQKLD SRVVXL LQFHQWLYR ¿VFDO GH ,&06 FRQFHGLGR SHOR JRYHUQR GR (VWDGR GH LPSRVWRGHUHQGDHGH SDUDDFRQWULEXLomRVRFLDO,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDO
3HUQDPEXFR 2 6XSUHPR 7ULEXQDO )HGHUDO 67) SURIHULX GHFLV}HV HP $o}HV 'LUHWDV GLIHULGRVDWLYRVVmRUHFRQKHFLGRVQDH[WHQVmRHPTXHSRVVDVHUXWLOL]DGRQDFRPSHQVDomR
GHFODUDQGRDLQFRQVWLWXFLRQDOLGDGHGHGLYHUVDVOHLVHVWDGXDLVTXHFRQFHGHUDPEHQHItFLRV GRVSDVVLYRVGLIHULGRVFRQVWLWXtGRVVREUHDVGLIHUHQoDVWHPSRUiULDVDWULEXWDU2VYDORUHV
¿VFDLVGH,&06VHPSUpYLRFRQYrQLRHQWUHRV(VWDGRV1mRIRLLGHQWL¿FDGDQHQKXPD$omR
2016
2015
GHFRPSHQVDomRHPGHGH]HPEURVmRRVVHJXLQWHV
'LUHWDGH,QFRQVWLWXFLRQDOLGDGH$',QTXHVWLRQDQGRDFRQVWLWXFLRQDOLGDGHGRLQFHQWLYR¿VFDO
1.796
1.394
3URYLV}HVHRXWUDVGLIHUHQoDVWHPSRUiULDV
FRQFHGLGRSHORJRYHUQRGR(VWDGRGH3HUQDPEXFR 352'(3( $&RPSDQKLDDPSDUDGD 7RWDOGRLPSRVWRGHUHQGDHGDFRQWULEXLomRVRFLDODWLYRV
1.796
1.394
SRUVHXVDVVHVVRUHVMXUtGLFRVWHPDFRPSDQKDGRDHYROXomRGHVVDTXHVWmRQRVWULEXQDLV &XVWRDWULEXtGRDRLPRELOL]DGR
(8.082)
(7.810)
REMHWLYDQGR GHWHUPLQDU HYHQWXDLV LPSDFWRV HP VXDV RSHUDo}HV IXWXUDV &RP EDVH QR 'HSUHFLDomRGHYLGD~WLOUHYLVDGD/HLQ
(1.849)
(1.752)
FHQiULRDWXDOD&RPSDQKLDFRQVLGHUDTXHQmRH[LVWDQHQKXPLPSDFWRQDVGHPRQVWUDo}HV 2XWUDVGLIHUHQoDVWHPSRUiULDV
(173)
(132)
¿QDQFHLUDVHPUHODomRDHVVHDVVXQWR3DWULP{QLROtTXLGRD &DSLWDOVRFLDOEm 7RWDOGRLPSRVWRGHUHQGDHGDFRQWULEXLomRVRFLDOSDVVLYRV
(10.104)
(9.694)
(8.308)
(8.300)
GHGH]HPEURGHHGHHVWiGLYLGLGRHPDo}HVVHQGR Do}HV 7RWDOGRSDVVLYROtTXLGR
RUGLQiULDVFXMRVGLUHLWRVVmRGH¿QLGRVHPOHLHDo}HVSUHIHUHQFLDLVHVWDV~OWLPDV $ &RPSDQKLD FRP EDVH QDV SURMHo}HV GH UHVXOWDGRV WULEXWiYHLV IXWXURV DSURYDGDV SRU
GLYLGLGDVHPFODVVH$HFODVVH%WRGDVQRPLQDWLYDVHVHPYDORUQRPLQDO VHXV DFLRQLVWDV UHFRQKHFHX R LPSRVWR GH UHQGD H D FRQWULEXLomR VRFLDO GLIHULGRV VREUH
$VDo}HVSUHIHUHQFLDLVQmRWHUmRGLUHLWRDYRWRQDVGHOLEHUDo}HVHP$VVHPEOHLDVHQGR GLIHUHQoDV WHPSRUDULDPHQWH WULEXWiYHLV H LQGHGXWtYHLV RV TXDLV QmR SRVVXHP SUD]R
OKHV DVVHJXUDGRV QR PtQLPR RV VHJXLQWHV GLUHLWRV H YDQWDJHQV • 3DUWLFLSDomR LQWHJUDO SUHVFULFLRQDO2YDORUFRQWiELOGRLPSRVWRGHUHQGDGLIHULGRDWLYRpUHYLVDGRSHULRGLFDPHQWH
QRV UHVXOWDGRV GD &RPSDQKLD • 3ULRULGDGH QD GLVWULEXLomR GR GLYLGHQGR PtQLPR QmR SHOD&RPSDQKLD5HFRQFLOLDomRGDVGHVSHVDVHIHWLYDVGRLPSRVWRGHUHQGDHFRQWULEXLomR
cumulativo. • 3ULRULGDGH QR UHHPEROVR GR FDSLWDO HP FDVR GH GLVVROXomR GD &RPSDQKLD
2016
2015
VRFLDOFRPDDOtTXRWDQRPLQDO
b) Ajuste de avaliação patrimonial - 5HIHUHVHDRDMXVWHGRDWLYRLPRELOL]DGRSHORFXVWR
/XFURDQWHVGRLPSRVWRGHUHQGDHGDFRQWULEXLomRVRFLDO
9.850 10.240
DWULEXtGRUHJLVWUDGRHPGHMDQHLURGH eUHJLVWUDGRSHORYDORUOtTXLGRGRVHIHLWRV $OtTXRWDQRPLQDOFRPELQDGDGRLPSRVWRGHUHQGDHGD
WULEXWiULRV H UHDOL]DGR QD SURSRUomR GDV GHSUHFLDo}HV H EDL[DV GRV EHQV UHDYDOLDGRV c) FRQWULEXLomRVRFLDO
34
34
5HVHUYDGHLQFHQWLYRV¿VFDLV&RQVWLWXtGDGHDFRUGRFRPRHVWDEHOHFLGRQRDUWLJR $ ,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDOjVDOtTXRWDVGDOHJLVODomR
(3.349) (3.482)
GD/HLGDV6RFLHGDGHVSRU$o}HV HPHQGDGRSHOD/HLQ (VVDUHVHUYDUHFHEH $MXVWHVSDUDFiOFXORSHODDOtTXRWDHIHWLYD
DVSDUFHODVGRVLQFHQWLYRV¿VFDLVGH,PSRVWRGH5HQGD3HVVRD-XUtGLFD,53-H,&06 ,QFHQWLYR¿VFDOGRLPSRVWRGHUHQGD
255
1.023
979
FRQIRUPHPHQFLRQDGRQDQRWDH[SOLFDWLYDQUHFRQKHFLGDVQRUHVXOWDGRGRH[HUFtFLRH ,QFHQWLYR¿VFDOGR,&06QmRWULEXWiYHO
'RDo}HVHSDWURFtQLRVLQFHQWLYDGRV
109
184
GHVWLQDGDVjUHIHULGDUHVHUYDDSDUWLUGDUXEULFD³/XFURVDFXPXODGRV´SRGHQGRVHUXWLOL]DGD
(680)
643
VRPHQWHSDUDDXPHQWRGHFDSLWDORXDEVRUomRGHSUHMXt]RV (VVHVLQFHQWLYRVQmRHQWUDP 2XWUDVGLIHUHQoDVWHPSRUiULDV
(2.897) (1.421)
QD EDVH GH FiOFXOR GR GLYLGHQGR PtQLPR REULJDWyULR d) Reservas de lucros - Reserva 'HVSHVDGRLPSRVWRGHUHQGDHGDFRQWULEXLomRVRFLDO
(2.889) (2.912)
legal. $UHVHUYDOHJDOpFDOFXODGDQDEDVHGHGROXFUROtTXLGRGRH[HUFtFLR WRGDYLDQmR &RUUHQWHV
(8)
1.491
YHPVHQGRFRQVWLWXtGDHPYLUWXGHGHWHUDWLQJLGRROLPLWHGHGRFDSLWDOVRFLDOFRQIRUPH 'LIHULGRV
(2.897) (1.421)
'HVSHVDGRLPSRVWRGHUHQGDHGDFRQWULEXLomRVRFLDO
GHWHUPLQDomRGD/HLQReserva de retenção de lucros. O saldo desta conta no
PRQWDQWHGH5 IRLUHYHUWLGRjFRQWD/XFURVDGLVSRVLomRGD$VVHPEOHLDFRQIRUPH ,QFHQWLYRV ¿VFDLV $ &RPSDQKLD REWHYH GD 6XSHULQWHQGrQFLD GR 'HVHQYROYLPHQWR GR
GHPRQVWUDGRDEDL[R I e) Dividendos propostos - 1RVWHUPRVGRHVWDWXWRVRFLDOFRP 1RUGHVWH 68'(1( DWXDO$JrQFLDGH'HVHQYROYLPHQWRGR1RUGHVWH$'(1( LQFHQWLYRV
DHPLVVmRGR&HUWL¿FDGRGH(PSUHHQGLPHQWR,PSODQWDGR&(,HPRXWXEURGHDSDUWLU ¿VFDLVUHODFLRQDGRVjUHGXomRGRLPSRVWRGHUHQGDGHYLGRVREUHROXFURGDH[SORUDomR
GRH[HUFtFLR¿QGRHPGHGH]HPEURGHRGLYLGHQGRPtQLPRREULJDWyULRSDVVRXD (VVD UHGXomR FRUUHVSRQGH FRQVRDQWH /DXGR &RQVWLWXWLYR &RPSOHPHQWDU Q
VHUFDOFXODGRjUD]mRGHGROXFUROtTXLGRGRH[HUFtFLRDWRGRVRVWLWXODUHVGHDo}HV$ HPLWLGRSHOD$'(1(HSURUURJDomRSRUPDLVGH]DQRVFRQIRUPHKRPRORJDomRGHSHGLGR
SURSRVWDGHGLYLGHQGRVFRQVLJQDGDQDVGHPRQVWUDo}HV¿QDQFHLUDVGD&RPSDQKLDVXMHLWD HIHWXDGRj5HFHLWD)HGHUDOGR%UDVLOSRUPHLRGR$WR'HFODUDWyULR([HFXWLYRQD
jDSURYDomRGRVDFLRQLVWDVHP$VVHPEOHLD*HUDOIRLFDOFXODGDQRVWHUPRVGRHVWDWXWRHGD GRLPSRVWRGHYLGRDSXUDGRDWpGH]HPEURGH FDOFXODGRQRVWHUPRVGDOHJLVODomR
/HLQHPHVSHFLDOQRTXHWDQJHDRGLVSRVWRQRVDUWLJRV H HFRQVLGHUD HVSHFt¿FD1RH[HUFtFLR¿QGRHPGHGH]HPEURGHQmRKRXYHLQFHQWLYR¿VFDOGHVWD
QDWXUH]D HP WRWDOL]RX 5 (P RXWXEUR GH HP YLUWXGH GD UHDOL]DomR GRV
DMXVWHVUHODFLRQDGRVFRPRVHIHLWRVGDDGRomRGRFXVWRDWULEXtGRFRQIRUPHVHJXH
LQYHVWLPHQWRVSUHYLVWRVQRSURMHWRSRUVROLFLWDomRGD&RPSDQKLDQRVWHUPRVGD3RUWDULD
2016
2015
QGHGHRXWXEURGHGRGLUHWRUGR'HSDUWDPHQWR)LQDQFHLURHGH5HFXSHUDomR
/XFUROtTXLGRGRH[HUFtFLR
6.953
8.819
,&06LQFHQWLYDGR352'(3(
(3.009) (2.879) GH 3URMHWRV ')53 VXFHVVRU GH '*),1 R 3URMHWR ),125 IRL HQFHUUDGR VHQGR HPLWLGR
(255) RFRUUHVSRQGHQWH&HUWL¿FDGRGH(PSUHHQGLPHQWR,PSODQWDGR &(, 20. Lucro básico e
IRPJ incentivado
5HDOL]DomRGRFXVWRDWULEXtGR
719
848 GLOXtGRSRUDomR&DOFXODGRPHGLDQWHDGLYLVmRGROXFUROtTXLGRDWULEXtYHODRVDFLRQLVWDV
%DVHGHFiOFXORGRVGLYLGHQGRV
4.663
6.533 GD &RPSDQKLD SHOD TXDQWLGDGH PpGLD GH Do}HV RUGLQiULDV H SUHIHUHQFLDLV GXUDQWH R
1.167
1.634 H[HUFtFLRFRQIRUPHDVHJXLU
'LYLGHQGRVPtQLPRVREULJDWyULRVSURSRVWRV
2016
2015
6.953
8.819
(P $VVHPEOHLD *HUDO 2UGLQiULD UHDOL]DGD HP GH PDLR GH IRL GHOLEHUDGD D /XFUROtTXLGRGRH[HUFtFLR
GLVWULEXLomRGHGLYLGHQGRVQRPRQWDQWHWRWDOGH5TXHFRUUHVSRQGHDGDEDVH 4XDQWLGDGHPpGLDSRQGHUDGDGHDo}HVHPLWLGDV PLOKDUHV
90.000 90.000
GH FiOFXOR GR GLYLGHQGR PtQLPR REULJDWyULR SURSRVWRV HP &RQVHTXHQWHPHQWH HP $o}HVRUGLQiULDV
106.871 106.871
IRLDSURYDGRHGLVWULEXtGRRYDORUGH5 FRPSOHPHQWDUDRPRQWDQWHLQLFLDOPHQWH $o}HVSUHIHUHQFLDLVFODVVH$
35.270 35.270
$o}HVSUHIHUHQFLDLVFODVVH%
SURSRVWR HP GH 5 4XDOTXHU GHFODUDomR GH GLYLGHQGR DGLFLRQDO DR SUHYLVWR
232.141 232.141
Total
OHJDO RX HVWDWXWDULDPHQWH RX RXWUD IRUPD GH GLVWULEXLomR GH UHVXOWDGR TXH RFRUUHU DSyV
/XFUREiVLFRHGLOXtGRSRUDomR5
D GDWD GR EDODQoR H DQWHV GD GDWD GD DXWRUL]DomR GH HPLVVmR GDV GHPRQVWUDo}HV
¿QDQFHLUDV QmR JHUD UHÀH[RV QR SDVVLYR GD &RPSDQKLD SRU QmR UHSUHVHQWDU QHQKXPD 3DUDRVH[HUFtFLRV¿QGRVHPGHGH]HPEURGHHGHD&RPSDQKLDQmRWLQKD
REULJDomRSUHVHQWHQDGDWDGDVGHPRQVWUDo}HV¿QDQFHLUDVFRQIRUPHHVWDEHOHFLGRSHORV SRWHQFLDO SDUD GLOXLomR GH Do}HV RUGLQiULDV H FRQVHTXHQWHPHQWH R OXFUR GLOXtGR SRU
LWHQVHGRSURQXQFLDPHQWRWpFQLFR&3&(YHQWR6XEVHTXHQWHHFRUURERUDGRSHOR DomR p HTXLYDOHQWH DR OXFUR EiVLFR SRU DomR FRQIRUPH GHPRQVWUDGR DQWHULRUPHQWH 21.
LWHPGDLQWHUSUHWDomRWpFQLFD,&3&&RQWDELOL]DomRGDSURSRVWDGHSDJDPHQWRGH 'HPRQVWUDo}HVGRVÀX[RVGHFDL[D$PRYLPHQWDomRSDWULPRQLDOTXHQmRDIHWRXRÀX[R
dividendos. f) Lucros à disposição da Assembleia - (PGHGH]HPEURGHRVDOGR
GHVVDUXEULFDQRPRQWDQWHGH5 5HP pFRPSRVWRSHORVVHJXLQWHV
YDORUHV L 5 UHODWLYRVDRVDOGRUHPDQHVFHQWH DSyVDDSURYDomRGRSDJDPHQWRGH
GLYLGHQGRVHGHPDLVGHVWLQDo}HV GROXFUROtTXLGRGRH[HUFtFLR¿QGRHPGHGH]HPEUR
GHYLVWRTXHD$VVHPEOHLD*HUDO2UGLQiULDUHDOL]DGDHPGHMXOKRGHTXH
DSURYRXDVGHPRQVWUDo}HV¿QDQFHLUDVGRUHIHULGRH[HUFtFLRGHOLEHURXTXHRVDOGRGHYHUi
SHUPDQHFHUQDUXEULFD³/XFURVjGLVSRVLomRGD$VVHPEOHLD´ LL 5 UHODWLYRVDRVDOGR
UHPDQHVFHQWH DSyVDDSURYDomRGRSDJDPHQWRGHGLYLGHQGRVHGHPDLVGHVWLQDo}HV GR
OXFUROtTXLGRGRH[HUFtFLR¿QGRHPGHGH]HPEURGHYLVWRTXHD$VVHPEOHLD*HUDO
2UGLQiULDUHDOL]DGDHPGHPDLRGHTXHDSURYRXDVGHPRQVWUDo}HV¿QDQFHLUDVGR
UHIHULGRH[HUFtFLRGHOLEHURXTXHRVDOGRGHYHUiSHUPDQHFHUQDUXEULFD³/XFURVjGLVSRVLomR
GD$VVHPEOHLD´ H LLL 5UHODWLYRVDRVDOGRUHPDQHVFHQWHGROXFUROtTXLGRGRH[HUFtFLR
¿QGRHPGHGH]HPEURGHQRPRQWDQWHGH5 DFUHVFLGR5 UHODWLYR
j UHYHUVmR GR VDOGR GD FRQWD GH 5HVHUYD GH 5HWHQomR GH /XFURV D VHU GHVWLQDGR HP
FRQIRUPLGDGHFRPRTXHIRUGHOLEHUDGRQD$VVHPEOHLD*HUDOTXHDSURYDUDVFRQWDVGR UHIHULGR
Ano XCIV • NÀ 56 - 23
GHFDL[DGD&RPSDQKLDpFRPRVHJXH
'LYLGHQGRVPtQLPRVSURSRVWRV
Total
2016
1.167
1.167
2015
1.634
1.634
%HQHItFLRV D HPSUHJDGRV $ &RPSDQKLD FRQFHGH D VHXV HPSUHJDGRV EHQHItFLRV
GHVHJXURGHYLGDDVVLVWrQFLDPpGLFDDVVLVWrQFLDRGRQWROyJLFDDVVLVWrQFLDIDUPDFrXWLFD
SDUWLFLSDomR QRV UHVXOWDGRV H DOLPHQWDomR HQWUH RXWURV$ FRQFHVVmR GHVVHV EHQHItFLRV
REHGHFH DR UHJLPH GH FRPSHWrQFLD H D FRQFHVVmR GHVWHV FHVVD DR WpUPLQR GR YtQFXOR
HPSUHJDWtFLRParticipação nos resultados. (PGHGH]HPEURGHD&RPSDQKLD
UHFRQKHFHX D GHVSHVD SURYHQLHQWH GD FRQVWLWXLomR GH SURYLVmR SDUD SDUWLFLSDomR GRV
FRODERUDGRUHVHPVHXVUHVXOWDGRVQRPRQWDQWHGH5 5 HP $SDUWLFLSDomR
QRV UHVXOWDGRV GH IRL GH¿QLGD FRP EDVH HP LQGLFDGRUHV H PHWDV GH GHVHPSHQKR
RSHUDFLRQDO QmR HVWDQGR FRQGLFLRQDGD VRPHQWH DRV UHVXOWDGRV FRQWiEHLV DSUHVHQWDGRV
SHOD&RPSDQKLD(VVHYDORUHVWiUHJLVWUDGRQDVUXEULFDV³&XVWRGRVSURGXWRVYHQGLGRV´
³'HVSHVDV FRP YHQGDV´ H ³'HVSHVDV JHUDLV H DGPLQLVWUDWLYDV´ 23. Instrumentos
¿QDQFHLURV H JHVWmR GH ULVFR ,QIRUPDo}HV JHUDLV $ &RPSDQKLD PDQWpP
RSHUDo}HV FRP LQVWUXPHQWRV ¿QDQFHLURV FXMRV ULVFRV VmR DGPLQLVWUDGRV SRU PHLR GH
HVWUDWpJLDVGHSRVLo}HV¿QDQFHLUDVHVLVWHPDVGHOLPLWHVGHH[SRVLomRDHVVHV$OpPGLVVR
WHPRSHUDGRFRPEDQFRVTXHDWHQGHPDRVUHTXLVLWRVGHVROLGH]¿QDQFHLUDHFRQ¿DELOLGDGH
VHJXQGRRVFULWpULRVHVWDEHOHFLGRVSRUVXD$GPLQLVWUDomR$SROtWLFDGHFRQWUROHVFRQVLVWH
HP DFRPSDQKDPHQWR SHUPDQHQWH GDV WD[DV FRQWUDWDGDV HP FRPSDUDomR FRP DV
WD[DV YLJHQWHV QR PHUFDGR 7RGDV DV RSHUDo}HV HVWmR LQWHJUDOPHQWH UHFRQKHFLGDV QD
FRQWDELOLGDGHHUHVWULWDVDRVLQVWUXPHQWRVDVHJXLUUHODFLRQDGRV D &DL[DHHTXLYDOHQWHVGH
FDL[DHDSOLFDo}HV¿QDQFHLUDV FRQIRUPHDSUHVHQWDGRQDVQRWDVH[SOLFDWLYDVQHVmR
UHFRQKHFLGRVSHORFXVWRDFUHVFLGRGRVUHQGLPHQWRVDXIHULGRVDWpR¿PGHFDGDH[HUFtFLRRV
TXDLVVHDSUR[LPDPGR VHXYDORU GHPHUFDGRb) &RQWDVDUHFHEHUGHFOLHQWHV FRPHQWDGDV
HDSUHVHQWDGDVQDQRWDH[SOLFDWLYDQc) )LQDQFLDPHQWRV FRPHQWDGRVHDSUHVHQWDGRV
na nota explicativa nº 10. d)&RQWDVDUHFHEHUHDSDJDUDSDUWHVUHODFLRQDGDV FRPHQWDGDV
H DSUHVHQWDGDV QD QRWD H[SOLFDWLYD Q e) 2XWURV YDORUHV D UHFHEHU H RXWURV SDVVLYRV
UHFRQKHFLGRV QR DWLYR H SDVVLYR FLUFXODQWH H QmR FLUFXODQWH 23.2. Mensuração a valor
justo -2VLQVWUXPHQWRV¿QDQFHLURVVmRPHQVXUDGRVDRYDORUMXVWRQR¿PGHFDGDH[HUFtFLR
FRQIRUPH GHWHUPLQDGR SHOR SURQXQFLDPHQWR WpFQLFR &3& ,QVWUXPHQWRV )LQDQFHLURV
(YLGHQFLDomR H GH DFRUGR FRP D VHJXLQWH KLHUDUTXLD 1tYHO DYDOLDomR FRP EDVH HP
SUHoRV FRWDGRV QmR DMXVWDGRV HP PHUFDGRV DWLYRV SDUD DWLYRV H SDVVLYRV LGrQWLFRV QR
¿P GH FDGD H[HUFtFLR 8P PHUFDGR p YLVWR FRPR DWLYR VH RV SUHoRV FRWDGRV HVWLYHUHP
SURQWD H UHJXODUPHQWH GLVSRQtYHLV D SDUWLU GH XPD EROVD GH PHUFDGRULDV H YDORUHV XP
FRUUHWRU JUXSR GH LQG~VWULDV VHUYLoR GH SUHFL¿FDomR RX DJrQFLD UHJXODGRUD H DTXHOHV
SUHoRV UHSUHVHQWDUHP WUDQVDo}HV GH PHUFDGR UHDLV DV TXDLV RFRUUHP UHJXODUPHQWH HP
EDVHV SXUDPHQWH FRPHUFLDLV 1tYHO XWLOL]DGR SDUD LQVWUXPHQWRV ¿QDQFHLURV TXH QmR
VmRQHJRFLDGRVHPPHUFDGRVDWLYRVFXMDDYDOLDomRpEDVHDGDHPWpFQLFDVTXHDOpPGRV
SUHoRVFRWDGRVLQFOXtGRVQR1tYHOXWLOL]DPRXWUDVLQIRUPDo}HVDGRWDGDVSHORPHUFDGR
SDUD R DWLYR RX SDVVLYR GLUHWD RX VHMD FRPR SUHoRV RX LQGLUHWDPHQWH RX VHMD FRPR
GHULYDGRVGRVSUHoRV 1tYHO DYDOLDomRGHWHUPLQDGDHPYLUWXGHGHLQIRUPDo}HVSDUD
RV DWLYRV RX SDVVLYRV TXH QmR VmR EDVHDGDV QRV GDGRV DGRWDGRV SHOR PHUFDGR RX
VHMD LQIRUPDo}HV QmR REVHUYiYHLV (P GH GH]HPEUR GH H GH R FDL[D H
HTXLYDOHQWHVGHFDL[DGD&RPSDQKLDFRUUHVSRQGHPjVFDUDFWHUtVWLFDVGR1tYHO2VYDORUHV
GRV¿QDQFLDPHQWRVDSUR[LPDPVHGRVVHXVYDORUHVMXVWRVSRLVHVWmRDWUHODGRVDXPDWD[D
GH MXURV SyV¿[DGD RX SUH¿[DGD GH DFRUGR FRP D SUHYLVmR FRQWUDWXDO FRP D LQVWLWXLomR
¿QDQFHLUD)DWRUHVGHULVFR¿QDQFHLUR$VDWLYLGDGHVGD&RPSDQKLDDH[S}HPD
GLYHUVRVULVFRV¿QDQFHLURV ULVFRGHPHUFDGR ULVFRGHWD[DGHMXURVGHÀX[RGHFDL[D ULVFR
GHFUpGLWRHULVFRGHOLTXLGH]2SURJUDPDGHJHVWmRGHULVFRJOREDOGD&RQWURODGRUDEXVFD
PLQLPL]DU SRWHQFLDLV HIHLWRV DGYHUVRV QR GHVHPSHQKR ¿QDQFHLUR GD &RQWURODGRUD H GH
VXDVFRQWURODGDV$&RPSDQKLDQmRXVDLQVWUXPHQWRV¿QDQFHLURVGHULYDWLYRVSDUDSURWHJHU
H[SRVLo}HVDULVFR$JHVWmRGHULVFRpUHDOL]DGDSHODiUHDGH7HVRXUDULDGD&RQWURODGRUD
D TXDO LGHQWL¿FD DYDOLD H SURWHJH D &RPSDQKLD FRQWUD HYHQWXDLV ULVFRV ¿QDQFHLURV HP
FRRSHUDomR FRP D FRQWURODGRUD (a) Risco de mercado - 5LVFR FDPELDO H GR ÀX[R GH
FDL[DDVVRFLDGRFRPWD[DGHMXURV&RQVLGHUDQGRTXHD&RPSDQKLDQmRSRVVXLRSHUDo}HV
HPPRHGDHVWUDQJHLUDRUHVXOWDGRHRVÀX[RVGHFDL[DRSHUDFLRQDLVGD&RPSDQKLDVmR
VXEVWDQFLDOPHQWH LQGHSHQGHQWHV GDV PXGDQoDV QDV WD[DV GH FkPELR 2 ULVFR GH WD[D
GH MXURV GHFRUUH GH DWLYRV ¿QDQFHLURV DR YDORU MXVWR 2V VDOGRV GH ¿QDQFLDPHQWRV GH
FXUWR H GH ORQJR SUD]RV QmR VmR VLJQL¿FDWLYRV 2V DWLYRV ¿QDQFHLURV jV WD[DV YDULiYHLV
H[S}HP D &RPSDQKLD DR ULVFR GH WD[D GH MXURV GH ÀX[R GH FDL[D $ SROtWLFD TXH YHP
VHQGR DGRWDGD SHOD iUHD GH 7HVRXUDULD GD &RQWURODGRUD p D GH PDQWHU D WRWDOLGDGH GH
VHXH[FHGHQWHGHFDL[DDSOLFDGRHPWtWXORVHIXQGRVFRPUHPXQHUDomRPHGLDQWHDWD[D
GHMXURVTXHYDULHGHDFRUGRFRPRV&',VFRPRGLYXOJDGRSHOD&(7,36$0HUFDGRV
2UJDQL]DGRV REHGHFHQGR DRV VHJXLQWHV FULWpULRV (i) $V DSOLFDo}HV ¿QDQFHLUDV GHYHP
VHU HIHWXDGDV HP PRGDOLGDGHV TXH DSUHVHQWHP EDL[R H PpGLR ULVFRV H[HPSORV &'%V
RSHUDo}HV FRPSURPLVVDGDV H IXQGRV GH LQYHVWLPHQWR FODVVL¿FDGRV FRPR EDL[R H PpGLR
ULVFRV (ii)$VDSOLFDo}HVHPRSHUDo}HVFRPSURPLVVDGDVTXHVmRODVWUHDGDVHPSDSpLV
GHYHPSUHIHUHQFLDOPHQWHWHUODVWURHPSDSpLVGDVSUySULDVLQVWLWXLo}HV¿QDQFHLUDVRXGH
HPSUHVDV GR PHVPR JUXSR H[HPSOR GHErQWXUHV GDV HPSUHVDV GH OHDVLQJ (iii) 3DUD
DSOLFDo}HVHPIXQGRVGHLQYHVWLPHQWRHVWHVGHYHPSUHIHUHQFLDOPHQWHLQYHVWLUHPDWLYRV
GH UHQGD ¿[D FRPR WtWXORV S~EOLFRV &'%V GHErQWXUHV OHWUDV ¿QDQFHLUDV H RSHUDo}HV
FRPSURPLVVDGDV(iv) $VFRQFHQWUDo}HVGHUHFXUVRVDSOLFDGRVSRULQVWLWXLomRHPRGDOLGDGH
GHYHP VHU HYLWDGDV $ GLYHUVL¿FDomR GDV DSOLFDo}HV GLPLQXL R ULVFR JOREDO GH SHUGDV
FRQVLGHUiYHLVGHMXURVHSULQFLSDODGYLQGDVGHVLWXDo}HVDGYHUVDVDTXHWDLVRSHUDo}HV
HVWmRVXMHLWDV$iUHDGH7HVRXUDULDGD&RQWURODGRUDDQDOLVDVXDH[SRVLomRjWD[DGHMXURV
GHIRUPDGLQkPLFD6mRVLPXODGRVGLYHUVRVFHQiULRVFRPEDVHQRVTXDLVD&RPSDQKLD
GH¿QHXPDPXGDQoDUD]RiYHOQDWD[DGHMXURVHFDOFXODRLPSDFWRVREUHRUHVXOWDGR2V
FHQiULRVVmRHODERUDGRVVRPHQWHSDUDRVDWLYRVTXHUHSUHVHQWDPDVSULQFLSDLVSRVLo}HV
FRPMXURV&RPEDVHQDVDQiOLVHVUHDOL]DGDVRLPSDFWRVREUHROXFURGHSRLVGRFiOFXOR
GRLPSRVWRGHUHQGDHGDFRQWULEXLomRVRFLDOFRPXPDYDULDomRHPGHHQD
WD[D GH MXURV FRUUHVSRQGHULD D XP DXPHQWR RX UHGXomR FRQIRUPH DSUHVHQWDGR D VHJXLU
Instrumentos
$SOLFDo}HV)LQDQFHLUDV
(PSUpVWLPRVH¿QDQFLDPHQWRV
9DORUFRQWiELO Encargos
Cenário Cenário
31/12/2016
¿QDQFHLURV Taxa
I +25% II -25%
68.430
CDI
2.380 (2.380)
(8)
8
(428)
TJLP
2.371 (2.371)
(b) Risco de crédito - 2 ULVFR GH FUpGLWR p DGPLQLVWUDGR FRUSRUDWLYDPHQWH 2 ULVFR GH
FUpGLWR GHFRUUH GH FDL[D H HTXLYDOHQWHV GH FDL[D GHSyVLWRV HP EDQFRV H LQVWLWXLo}HV
¿QDQFHLUDV EHP FRPR GH H[SRVLo}HV GH FUpGLWR GRV DWLYRV ¿QDQFHLURV DR YDORU MXVWR H
D FOLHQWHV LQFOXLQGR FRQWDV D UHFHEHU GH FOLHQWHV HP DEHUWR 3DUD EDQFRV LQVWLWXLo}HV
¿QDQFHLUDV H DWLYRV ¿QDQFHLURV YDORUL]DGRV DR YDORU MXVWR SRU PHLR GR UHVXOWDGR VmR
DSOLFDGRVRVUHFXUVRV¿QDQFHLURVHPLQVWLWXLo}HV¿QDQFHLUDVTXHSUHIHUHQFLDOPHQWHVHMDP
GHSULPHLUDOLQKDWHQGRFRPRFULWpULRGHDYDOLDomRVHX³UDWLQJ´GLYXOJDGRVSRUDJrQFLDVGH
FODVVL¿FDomRGHULVFRFRQIRUPHVHJXH
$JHQFLDGHFODVVL¿FDomR
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6WDQGDUW 3RRU¶V
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,JXDORXVXSHULRUD$$
1RFDVRGHFOLHQWHVDiUHDGH$QiOLVHGH&UpGLWRDYDOLDDTXDOLGDGHGRFUpGLWRGRFOLHQWH
OHYDQGR HP FRQVLGHUDomR VXD SRVLomR ¿QDQFHLUD H[SHULrQFLD SDVVDGD H RXWURV IDWRUHV
2V OLPLWHV GH ULVFRV LQGLYLGXDLV VmR GHWHUPLQDGRV FRP EDVH HP FODVVL¿FDo}HV LQWHUQDV
GHDFRUGRFRPSURFHGLPHQWRVHVSHFt¿FRV$XWLOL]DomRGHOLPLWHVGHFUpGLWRpPRQLWRUDGD
UHJXODUPHQWHHRVDOGRGHFRQWDVDUHFHEHUGHFOLHQWHVQmRXOWUDSDVVDROLPLWHGHFUpGLWR
SUHYLDPHQWHFRQFHGLGR(c) Risco de liquidez - $SUHYLVmRGHÀX[RGHFDL[DpUHDOL]DGD
QDV HQWLGDGHV RSHUDFLRQDLV H JHUHQFLDGD SHOD iUHD GH 7HVRXUDULD GD &RQWURODGRUD TXH
PRQLWRUD DV SUHYLV}HV FRQWtQXDV GDV H[LJrQFLDV GH OLTXLGH] GD &RQWURODGRUD H GH VXDV
FRQWURODGDVSDUDDVVHJXUDUTXHHODVWHQKDPFDL[DVX¿FLHQWHSDUDDWHQGHUjVQHFHVVLGDGHV
RSHUDFLRQDLV R TXDO WDPEpP PDQWpP HVSDoR OLYUH VX¿FLHQWH HP VXDV OLQKDV GH FUpGLWR
GLVSRQtYHLV D TXDOTXHU PRPHQWR QmR KDYHQGR OLQKDV GH FUpGLWRV UHOHYDQWHV HP QRPH
GD &RPSDQKLD YLVWRV LVRODGDPHQWH 2 H[FHVVR GH FDL[D PDQWLGR SHODV HQWLGDGHV
RSHUDFLRQDLV DOpP GR VDOGR H[LJLGR SDUD DGPLQLVWUDomR GR FDSLWDO FLUFXODQWH p JHULGR
SHOD iUHD GH 7HVRXUDULD GD &RQWURODGRUD TXH LQYHVWH R H[FHVVR GH FDL[D HP IXQGRV GH
LQYHVWLPHQWRGHDOWDOLTXLGH]HWtWXORVHYDORUHVPRELOLiULRVHVFROKHQGRLQVWUXPHQWRVFRP
YHQFLPHQWRVDSURSULDGRVRXOLTXLGH]VX¿FLHQWHSDUDIRUQHFHUPDUJHPVX¿FLHQWHFRQIRUPH
GHWHUPLQDGRSHODVSUHYLV}HVDQWHULRUPHQWHPHQFLRQDGDV24. Cobertura de seguros - A
&RPSDQKLDSRVVXLXPSURJUDPDGHJHUHQFLDPHQWRGHULVFRVFRPRREMHWLYRGHGHOLPLWDU
RVULVFRVEXVFDQGRQRPHUFDGRFREHUWXUDVFRPSDWtYHLVFRPVHXSRUWHHVXDVRSHUDo}HV
$V FREHUWXUDV GH VHJXUR FRQWUDWDGDV FRP WHUFHLURV GH DFRUGR FRP DV FRUUHVSRQGHQWHV
DSyOLFHV PRQWDP D 5 5 HP 25. Compromissos com
arrendamento mercantil operacional - $&RPSDQKLDPDQWpPFRQWUDWRGHDUUHQGDPHQWR
PHUFDQWLORSHUDFLRQDO¿UPDGRFRPWHUFHLURVGHHPSLOKDGHLUDVHYHtFXORVFXMRVSULQFLSDLV
WHUPRVVmRRVVHJXLQWHV D DUUHQGDPHQWRGHWUrVDQRVUHQRYiYHLVQRWpUPLQRGRSHUtRGR
GR DUUHQGDPHQWR j WD[D GH PHUFDGR H E QHFHVVLGDGH GH FRPXQLFDU SRU QRWL¿FDomR
FRP DQWHFHGrQFLD GH GLDV D LQWHQomR GH UHVFLQGLU R FRQWUDWR $V GHVSHVDV FRP
DUUHQGDPHQWR GHELWDGDV QD GHPRQVWUDomR GR UHVXOWDGR GXUDQWH R H[HUFtFLR WRWDOL]DUDP
5 5 HP 26. Compromissos - $ &RPSDQKLD SRVVXL FRQWUDWR GH
GHPDQGD GH HQHUJLD HOpWULFD FRQWUDWDGD FRP D FRPSDQKLD GH GLVWULEXLomR GH HQHUJLD
HOpWULFD &RPSDQKLD(QHUJpWLFDGH3HUQDPEXFR&(/3( GH.:SRUPrVFXMRYDORU
HVWLPDGRpGH5$SURYDomRGDVGHPRQVWUDo}HV¿QDQFHLUDV$VGHPRQVWUDo}HV
¿QDQFHLUDV HP GH GH]HPEUR GH IRUDP DXWRUL]DGDV SDUD HPLVVmR H DSURYDGDV
SDUDSXEOLFDomRSHOR&RQVHOKRGH$GPLQLVWUDomRGD&RPSDQKLDHPGHPDUoRGH
A Administração
'LUOHQH$SDUHFLGD9ROWDUHOOL$UQRQL&RQWDGRUD&5&63 263
continua