DOEPE 22/03/2018 - Pág. 17 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Diário Oficial do Estado de Pernambuco - Poder Executivo
Ano XCV • NÀ 53 - 17
NE1300 INVESTIMENTO IMOBILIÁRIO S.A.
RELATÓRIO DA ADMINISTRAÇÃO - Senhores acionistas, em cumprimento às determinações legais e estatutárias,
VXEPHWHPRV j DSUHFLDomR GH 9 6DV DV GHPRQVWUDo}HV ¿QDQFHLUDV UHODWLYDV DR H[HUFtFLR HQFHUUDGR HP GH
GH]HPEURGHHGHHUHODWyULRGRDXGLWRULQGHSHQGHQWH
%DODQoRSDWULPRQLDOHPGHGH]HPEUR(PPLOKDUHVGHUHDLV
Ativo
2017
2016 Passivo e patrimônio líquido
Circulante
Circulante
&DL[DHHTXLYDOHQWHVGH
)RUQHFHGRUHV 1RWD
FDL[D 1RWD
Contas a pagar a empresa
(VWRTXHV 1RWD
OLJDGD 1RWD
7ULEXWRVDUHFXSHUDU
6DOiULRVHHQFDUJRV
2XWURVDWLYRV
7ULEXWRVDSDJDU
'LYLGHQGRVSURSRVWRV 1RWD F
1mRFLUFXODQWH
Propriedades para
3DWULP{QLROtTXLGR 1RWD
LQYHVWLPHQWR 1RWD
&DSLWDOVRFLDO
,PRELOL]DGR 1RWD
5HVHUYDVGHOXFURV
3UHMXt]RVDFXPXODGRV
7RWDOGRDWLYR
7RWDOGRSDVVLYRHGR
SDWULP{QLROtTXLGR
-
-
-
2016
Demonstração das mutações do patrimônio líquido - Em milhares de reais
Reserva de lucros
Lucros
&DSLWDO
SUHMXt]RV
social
Legal Retenção acumulados
Em 1º de janeiro de 2016
5HYHUVmRGHGLYLGHQGRV 1RWD F
$XPHQWRGHFDSLWDO 1RWD D
/XFUROtTXLGRGRH[HUFtFLR
&RQVWLWXLomRGHUHVHUYDV 1RWD E
'LYLGHQGRVSURSRVWRV 1RWD F
(PGHGH]HPEURGH
5HYHUVmRGHGLYLGHQGRV 1RWD F
$XPHQWRGHFDSLWDO 1RWD D
3UHMXt]RGRH[HUFtFLR
5HDOL]DomRGHUHVHUYDV 1RWD E
(PGHGH]HPEURGH
2017
Total
1RWDVH[SOLFDWLYDVGDDGPLQLVWUDomRjVGHPRQVWUDo}HV¿QDQFHLUDVHPGHGH]HPEURGH
Em milhares de reais, exceto quando indicado de outra forma
Seção A – Informações gerais
1.1. Contexto Operacional $1(,19(67,0(172,02%,/,È5,26$ ³&RPSDQKLD´ pXPDVRFLHGDGHDQ{QLPDGHFDSLWDOIHFKDGRFRPVHGHHP5HFLIH3(TXHWHPFRPRREMHWRRLQYHVWLPHQWRHPEHQV
PyYHLVHLPyYHLVORWHDPHQWRGHWHUUHQRVLQFRUSRUDomRLPRELOLiULDFRQVWUXomRGHSUpGLRVGHVWLQDGRVj
YHQGDYHQGDGHLPyYHLVDGTXLULGRVSDUDUHYHQGDHDGPLQLVWUDomRHORFDomRGHEHQVPyYHLVHLPyYHLV.
$&RPSDQKLDFRQVWUXLXRHPSUHHQGLPHQWRGHQRPLQDGR(PSUHVDULDO5LRPDU.HQQHG\HP)RUWDOH]D&(
FHQWURHPSUHVDULDOFXMDVVDODVHVWmRGHVWLQDGDVjYHQGDHDORFDomR
$HPLVVmRGHVWDVGHPRQVWUDo}HV¿QDQFHLUDVIRLDXWRUL]DGDSHODGLUHWRULDGD&RPSDQKLDHPGHPDUoR
GH
1.2. Base de preparação $V GHPRQVWUDo}HV ¿QDQFHLUDV IRUDP SUHSDUDGDV FRQIRUPH DV SUiWLFDV
FRQWiEHLVDGRWDGDVQR%UDVLOLQFOXLQGRRVSURQXQFLDPHQWRVHPLWLGRVSHOR&RPLWrGH3URQXQFLDPHQWRV
&RQWiEHLV &3& HHYLGHQFLDPWRGDVDVLQIRUPDo}HVUHOHYDQWHVSUySULDVGDVGHPRQVWUDo}HV¿QDQFHLUDVHVRPHQWHHODVDVTXDLVHVWmRFRQVLVWHQWHVFRPDVXWLOL]DGDVSHODDGPLQLVWUDomRQDVXDJHVWmR
$VSULQFLSDLVSROtWLFDVFRQWiEHLVDSOLFDGDVQDSUHSDUDomRGHVVDVGHPRQVWUDo}HV¿QDQFHLUDVDVTXDLV
IRUDPDSOLFDGDVGHPRGRFRQVLVWHQWHQRVH[HUFtFLRVDSUHVHQWDGRVHVWmRDSUHVHQWDGDVQDQRWD
(P IXQomR GH QmR KDYHU RXWURV UHVXOWDGRV DEUDQJHQWHV QR H[HUFtFLR ¿QGR HP GH GH]HPEUR GH
HD&RPSDQKLDQmRHVWiDSUHVHQWDQGRDGHPRQVWUDomRGRUHVXOWDGRDEUDQJHQWHQHVWDV
GHPRQVWUDo}HV¿QDQFHLUDV
1.3. Normas, alterações e interpretações (PGHMDQHLURGHSDVVDUDPDYLJRUDUDVQRUPDV&3&
,QVWUXPHQWRV)LQDQFHLURVH&3&±5HFHLWDVGH&RQWUDWRVFRP&OLHQWHV$DGPLQLVWUDomRDYDOLRX
DVDOWHUDo}HVWUD]LGDVSRUHVVDVQRUPDVHFRQFOXLXTXHQmRKiLPSDFWRVGHFRUUHQWHVGHVXDDSOLFDomR
Seção B – Riscos
(VWLPDWLYDVHMXOJDPHQWRVFRQWiEHLVFUtWLFRV$VHVWLPDWLYDVHRVMXOJDPHQWRVFRQWiEHLVVmRFRQWLQXDPHQWHDYDOLDGRVHEDVHLDPVHQDH[SHULrQFLDKLVWyULFDHHPRXWURVIDWRUHVLQFOXLQGRH[SHFWDWLYDV
GHHYHQWRVIXWXURVFRQVLGHUDGDVUD]RiYHLVSDUDDVFLUFXQVWkQFLDV
$ SUHSDUDomR GH GHPRQVWUDo}HV ¿QDQFHLUDV UHTXHU R XVR GH FHUWDV HVWLPDWLYDV FRQWiEHLV FUtWLFDV H
WDPEpPRH[HUFtFLRGHMXOJDPHQWRSRUSDUWHGDDGPLQLVWUDomRGD&RPSDQKLDQRSURFHVVRGHDSOLFDomR
GDV SROtWLFDV FRQWiEHLV$V GHPRQVWUDo}HV ¿QDQFHLUDV GD &RPSDQKLD LQFOXHP SRUWDQWR HVWLPDWLYDV
UHIHUHQWHVjVHOHomRGDVYLGDV~WHLVGHSURSULHGDGHVSDUDLQYHVWLPHQWRVGRVEHQVGRDWLYRLPRELOL]DGR
GHWHUPLQDomR GH SURYLV}HV SDUD WULEXWRV H RXWUDV VLPLODUHV 2V UHVXOWDGRV UHDLV SRGHP DSUHVHQWDU
YDULDo}HVHPUHODomRjVHVWLPDWLYDV
Seção C – Notas explicativas relevantes selecionadas
3. Caixa e equivalentes a caixa 2VDOGRHPGHGH]HPEURGHpFRPSRVWRSRU5 ±
5 UHODWLYRVDUHFXUVRVHPFRQWDFRUUHQWHHSRU5 ±5 HPDSOLFDo}HV¿QDQFHLUDV
HPUHQGD¿[D2VDOGRHPDLQGDHUDFRPSRVWRSRU5HPGLQKHLURHPFDL[D$VDSOLFDo}HV
¿QDQFHLUDVHPUHQGD¿[DUHIHUHPVHDFHUWL¿FDGRVGHGHSyVLWRVEDQFiULRVHTXRWDVGHIXQGRVGHLQYHVWLPHQWRRVTXDLVSRVVXHPOLTXLGH]LPHGLDWDHWrPUHPXQHUDomRDWUHODGDjYDULDomRGRVFHUWL¿FDGRVGH
GHSyVLWRLQWHU¿QDQFHLUR±&',
4. Estoques (VWi GHPRQVWUDGR DR FXVWR GH DTXLVLomR H VmR UHSUHVHQWDGRV SRU WHUUHQR VLWXDGR QR
PXQLFtSLR GH )RUWDOH]D&(H SRU JDVWRV GH IRUPDomR GH LPyYHLV D FRPHUFLDOL]DU (P GH GH]HPEUR
GHRHPSUHHQGLPHQWRFRPVDODVFRPHUFLDLVHQFRQWUDYDVHFRPFRQVWUXomRFRQFOXtGDVDODV FRPHUFLDLV Mi KDYLDP VLGR YHQGLGDV H VDOD FRP YDORU GH FXVWR WRWDO GH 5 KDYLD VLGR GHVWLQDGD SDUD D ORFDomR GH ORQJR SUD]R H PDQWLGD FRPR SURSULHGDGHV SDUD LQYHVWLPHQWR 2 VDOGR HP
GH GH]HPEUR GH p FRPSRVWR SHOR WHUUHQR QR YDORU GH 5 ± 5 H SRU LPyYHLV GLVSRQtYHLV SDUD YHQGD QR PRQWDQWH GH 5 ± LPyYHLV HP FRQVWUXomR QR YDORU GH
5 2VDOGRHPDLQGDHUDFRPSRVWRSRUDGLDQWDPHQWRVDIRUQHFHGRUHVQRPRQWDQWHGH5
5. Patrimônio líquido
(a) Capital social 2FDSLWDOVRFLDOHPGHGH]HPEURGHHVWiUHSUHVHQWDGRSRU
Do}HVRUGLQiULDVQRPLQDWLYDVVHPYDORUQRPLQDO ±Do}HV
(PGHDEULOHGHGH]HPEURGHDDVVHPEOHLDGHDFLRQLVWDVDSURYRXDXPHQWRGHFDSLWDO
UHVSHFWLYDPHQWHQRVPRQWDQWHVGH5H5FRPUHFXUVRVSUHYLDPHQWHDGLDQWDGRVSHORV
DFLRQLVWDVWHQGRVLGRHPLWLGDVQRFRQMXQWRQRYDVDo}HV
(P GH DEULO GH D DVVHPEOHLD GH DFLRQLVWDV DSURYRX DXPHQWR GH FDSLWDO QR PRQWDQWH GH
5FRPUHFXUVRVSUHYLDPHQWHDGLDQWDGRVSHORVDFLRQLVWDVWHQGRVLGRHPLWLGDVQRYDVDo}HV
E 5HVHUYDGHOXFURV$UHVHUYDOHJDOpFRQVWLWXtGDDQXDOPHQWHFRPRGHVWLQDomRGHGROXFUROtTXLGRGRH[HUFtFLRHQmRSRGHUiH[FHGHUDGRFDSLWDOVRFLDO$UHVHUYDOHJDOWHPSRU¿PDVVHJXUDUDLQWHJULGDGHGRFDSLWDOVRFLDOHVRPHQWHSRGHUiVHUXWLOL]DGDSDUDFRPSHQVDUSUHMXt]RHDXPHQWDURFDSLWDO
(PDDGPLQLVWUDomRSURS{VDGHVWLQDomRGRVDOGRUHPDQHVFHQWHGROXFUROtTXLGRGRH[HUFtFLR
QRYDORUGH5SDUDUHVHUYDGHUHWHQomRGHOXFURVXPDYH]TXHVHULDPXWLOL]DGRVSDUDDWHQGHU
LQYHVWLPHQWRV GH FDSLWDO SUySULR QD FRQVWUXomR GR HPSUHHQGLPHQWR FRPHUFLDO (P D DGPLQLVWUDomRSURS{VDUHDOL]DomRGDUHVHUYDOHJDOHGDUHVHUYDGHUHWHQomRGHOXFURVUHVSHFWLYDPHQWHQRV
PRQWDQWHVGH5H5SDUDFRPSHQVDomRGHSUHMXt]RDSXUDGRQRH[HUFtFLR$FRQVWLWXLomRGD
UHVHUYDHPIRLDSURYDGDHPDVVHPEOHLDGHDFLRQLVWDVUHDOL]DGDHPGHDEULOGHHDUHDOL]DomRGDUHVHUYDHPVHUiGHOLEHUDGDRSRUWXQDPHQWHHPDVVHPEOHLDGHDFLRQLVWDVTXHDSURYDUi
DVGHPRQVWUDo}HV¿QDQFHLUDVGHVWHH[HUFtFLR
F 'LVWULEXLomRGHGLYLGHQGRV$RVDFLRQLVWDVpDVVHJXUDGRHVWDWXWDULDPHQWHXPGLYLGHQGRPtQLPRREULJDWyULRGHGROXFUROtTXLGRGRH[HUFtFLRDMXVWDGRQRVWHUPRVGD/HLGDV6RFLHGDGHVSRU
$o}HV(PDGLUHWRULDSURS{VDGLVWULEXLomRGRVGLYLGHQGRVPtQLPRVGH5$DVVHPEOHLDGH
DFLRQLVWDVUHDOL]DGDHPGHDEULOGHDSURYRXDUHYHUVmRGRVGLYLGHQGRVSURSRVWRVHPSDUD
LQFRUSRUDomRjUHVHUYDGHOXFURVSDUDLQYHVWLPHQWRV2HVWDWXWRGD&RPSDQKLDDXWRUL]DSUHYLDPHQWHD
GLVWULEXLomRGHGLYLGHQGRVFRQIRUPHRSURSRVWRSHODDGPLQLVWUDomR
6. Receitas
2017
2016
5HFHLWDGHYHQGDVGHLPyYHLV
5HFHLWDGHDOXJXHLV
'HGXo}HV±&DQFHODPHQWRVSRUGLVWUDWRV
'HGXo}HV±3,6H&2),16
CNPJ n.º 19.326.522/0001-06
Demonstração do resultado
([HUFtFLRV¿QGRVHPGHGH]HPEUR
Em milhares de reais, exceto quando indicado de outra forma
2017
2016
Receitas (Nota 6)
&XVWRGRVLPyYHLVYHQGLGRV 1RWD
/XFUREUXWR
'HVSHVDVDGPLQLVWUDWLYDV
'HVSHVDVJHUDLV 1RWD
Depreciação
/XFUR SUHMXt]R RSHUDFLRQDO
5HFHLWDV¿QDQFHLUDV
'HVSHVDV¿QDQFHLUDV
/XFUR SUHMXt]R DQWHVGRLPSRVWRGHUHQGDH
GDFRQWULEXLomRVRFLDO
&RQWULEXLomRVRFLDO 1RWD
,PSRVWRGHUHQGD 1RWD
/XFUROtTXLGR SUHMXt]R GRH[HUFtFLR
$o}HVHPFLUFXODomRQR¿QDOGRH[HUFtFLR HPPLOKDUHV
/XFUROtTXLGR SUHMXt]R SRUORWHGHPLODo}HVGR
FDSLWDOVRFLDOQR¿PGRH[HUFtFLR±5
7. Despesas administrativas - gerais
(QFDUJRVFRQGRPLQLDLVGHVDODVQmRFRPHUFLDOL]DGDV L
3HVVRDO L
3URSDJDQGD
6HUYLoRVSUHVWDGRV
,378
&RPSDUWLOKDPHQWRGDHVWUXWXUDGR*UXSR 1RWD
3XEOLFDo}HV
&RQWULEXLomRVLQGLFDO
2XWUDV
2017
2016
(i) (P KRXYH D ¿QDOL]DomR GD FRQVWUXomR GR HPSUHHQGLPHQWR (PSUHVDULDO
5LRPDU.HQQHG\ HSRUWDQWRGHVSHVDVGHFRQGRPtQLRHGHSHVVRDOUHIHUHQWHVjVVDODV
não comercializadas foram incorridas.
8. Partes relacionadas$&RPSDQKLDpSDUWHLQWHJUDQWHGHXPJUXSRGHHPSUHVDV
GHQRPLQDGR*UXSR-&30TXHDWXDGHIRUPDLQWHJUDGDHRVEHQHItFLRVGDVHVWUXWXUDV
RSHUDFLRQDOHDGPLQLVWUDWLYDVmRDWULEXtGRVDFDGDHPSUHVDVHJXQGRDUD]RDELOLGDGHGDV
VXDVRSHUDo}HV 1RWD
$VFRQWDVDSDJDUDHPSUHVDOLJDGD-&303DUWLFLSDo}HVH(PSUHHQGLPHQWRV6$QR
YDORUGH5 ±5 UHIHUHPVHjSDUFHODHPDEHUWRTXHFDEHj&RPSDQKLD
QR FRPSDUWLOKDPHQWR GDV HVWUXWXUDV RSHUDFLRQDO H DGPLQLVWUDWLYD GR JUXSR HFRQ{PLFR
QRTXDOHVWiLQVHULGD
2 SHVVRDOFKDYH GD DGPLQLVWUDomR HVWi UHSUHVHQWDGR SHORV GLUHWRUHV FXMD UHPXQHUDomRDQXDOSDJDRXSURYLVLRQDGDFRUUHVSRQGHDRVVDOiULRVHHQFDUJRVQRPRQWDQWHGH
5 5 RVTXDLVVmRDWULEXtGRVj&RPSDQKLDSRUPHLRGHFRPSDUWLOKDmento de despesas.
6HomR'±3ROtWLFDVFRQWiEHLV
5HVXPRGDVSULQFLSDLVSROtWLFDVFRQWiEHLV
9.1. Caixa e equivalentes de caixa &DL[DHHTXLYDOHQWHVGHFDL[DLQFOXHPGHSyVLWRV
EDQFiULRVHLQYHVWLPHQWRVGHFXUWRSUD]RGHDOWDOLTXLGH]FRPYHQFLPHQWRVRULJLQDLVGH
DWpWUrVPHVHVHFRPULVFRLQVLJQL¿FDQWHGHPXGDQoDGHYDORU$VDSOLFDo}HV¿QDQFHLUDV
VmRFODVVL¿FDGDVFRPRDWLYRV¿QDQFHLURVDRYDORUMXVWRSRUPHLRGRUHVXOWDGR
$WLYRV¿QDQFHLURV$&RPSDQKLDFODVVL¿FDVHXVDWLYRV¿QDQFHLURVFRPR³HPSUpVWLPRV H UHFHEtYHLV´ RV TXDLV VmR DWLYRV ¿QDQFHLURV QmR GHULYDWLYRV FRP SDJDPHQWRV
¿[RVRXGHWHUPLQiYHLVQmRFRWDGRVHPXPPHUFDGRDWLYRHVmRDSUHVHQWDGRVQRDWLYR
FLUFXODQWHH[FHWRDTXHOHVFRPSUD]RGHYHQFLPHQWRVXSHULRUDPHVHVDSyVDGDWD
GHHPLVVmRGREDODQoR HVWHVVmRFODVVL¿FDGRVQRDWLYRQmRFLUFXODQWH 2VUHFHEtYHLV
FRPSUHHQGHPDSOLFDo}HV¿QDQFHLUDVHRXWURVDWLYRV
9.3. Estoques 2V HVWRTXHV VmR GHPRQVWUDGRV DR FXVWR RX DR YDORU OtTXLGR GH UHDOL]DomRGRVGRLVRPHQRU2YDORUOtTXLGRGHUHDOL]DomRpRSUHoRGHYHQGDHVWLPDGR
QRFXUVRQRUPDOGRVQHJyFLRVPHQRVRVFXVWRVHVWLPDGRVGHFRQFOXVmRHRVFXVWRV
HVWLPDGRVQHFHVViULRVSDUDHIHWXDUDYHQGD
9.4. Propriedades para investimento $&RPSDQKLDpSURSULHWiULDGHVDODFRPHUFLDO
GHHPSUHHQGLPHQWRPDQWLGDSDUD¿QVGHUHQGDGHDOXJXHOGHORQJRSUD]R2LPyYHOQmR
pRFXSDGRSHOD&RPSDQKLDHHVWiGHPRQVWUDGRDRFXVWRGHDTXLVLomRRXFRQVWUXomR
GHGX]LGRGDGHSUHFLDomRDFXPXODGDFDOFXODGDSHORPpWRGROLQHDUjWD[DDQXDOGH
,PRELOL]DGR - Referem-se a bens utilizados pela Companhia em suas operações,
'HPRQVWUDomRGRVÀX[RVGHFDL[D
([HUFtFLRV¿QGRVHPGHGH]HPEUR(PPLOKDUHVGHUHDLV
2017
2016
Fluxos de caixa das atividades operacionais
/XFUR SUHMXt]R DQWHVGRLPSRVWRGHUHQGDH
GDFRQWULEXLomRVRFLDO
$MXVWHVGH
'HSUHFLDomR
9DULDo}HVQRVDWLYRVHSDVVLYRV
7ULEXWRVDUHFXSHUDU
2XWURVDWLYRV
)RUQHFHGRUHV
&RQWDVDSDJDUDHPSUHVDOLJDGD
6DOiULRVHHQFDUJRV
7ULEXWRVDSDJDU
$SOLFDomRGHUHFXUVRVHPLPyYHLVDFRPHUFLDOL]DU(VWRTXHV
Caixa aplicado nas operações
Imposto de renda e contribuição social pagos
Caixa líquido aplicado nas atividades operacionais
Fluxos de caixa das atividades de investimento
$TXLVLo}HVGHEHQVGRLPRELOL]DGR
-
Caixa líquido aplicado nas atividades de investimento
-
)OX[RVGHFDL[DGDVDWLYLGDGHVGH¿QDQFLDPHQWR
Integralização de capital pelos acionistas
&DL[DOtTXLGRJHUDGRSHODVDWLYLGDGHVGH¿QDQFLDPHQWR
Redução líquida de caixa e equivalentes de caixa
Caixa e equivalentes de caixa no início do exercício
&DL[DHHTXLYDOHQWHVGHFDL[DQR¿QDOGRH[HUFtFLR
UHSUHVHQWDGRVSRULQVWDODo}HVHTXLSDPHQWRVPyYHLVHXWHQVtOLRVeGHPRQVWUDGR
DRFXVWRGHGX]LGRGDGHSUHFLDomRDFXPXODGDFDOFXODGDSHORPpWRGROLQHDUjWD[D
DQXDOGH
9.6. Contas a pagar - As contas a pagar são obrigações a pagar por bens ou serYLoRVTXHIRUDPDGTXLULGRVQRFXUVRQRUPDOGRVQHJyFLRV(ODVVmRLQLFLDOPHQWH
UHFRQKHFLGDVSHORYDORUMXVWRHVXEVHTXHQWHPHQWHPHQVXUDGDVSHORFXVWRDPRUWL]DGRFRPRXVRGRPpWRGRGHWD[DHIHWLYDGHMXURVTXDQGRDSOLFiYHO1DSUiWLFD
VmRQRUPDOPHQWHUHFRQKHFLGDVDRYDORUGDIDWXUDFRUUHVSRQGHQWH2VDOGRHP
GHGH]HPEURGHpFRPSRVWRVXEVWDQFLDOPHQWHSRUIRUQHFHGRUHVGHPDWHULDLVH
HTXLSDPHQWRVUHODFLRQDGRVFRPDFRQVWUXomRGRHPSUHHQGLPHQWR
9.7. Apuração do resultado$VUHFHLWDVGHYHQGDGDVXQLGDGHVLPRELOLiULDVVmRUHJLVWUDGDVTXDQGRHIHWLYDPHQWHUHFHELGDVRTXHGLYHUJHGDSUiWLFDFRQWiELODGRWDGD
QR%UDVLOTXHGHWHUPLQDPTXHDVPHVPDVVHMDPUHFRQKHFLGDVTXDQGRGDWUDQVIHUrQFLDGRVULVFRVHEHQHItFLRVSDUDRVFRPSUDGRUHVHTXDQGR L RYDORUGDUHFHLWD
SRGHVHUPHQVXUDGRFRPVHJXUDQoD H LL pSURYiYHOTXHEHQHItFLRVHFRQ{PLFRV
IXWXURVÀXDPSDUDD&RPSDQKLD
$VUHFHLWDVGHDOXJXHOGHVDODVFRPHUFLDLVVmRUHJLVWUDGDVTXDQGRHIHWLYDPHQWHUHFHELGDVRTXHQmRGLYHUJHVXEVWDQFLDOPHQWHGDSUiWLFDFRQWiELODGRWDGDQR%UDVLO
TXHGHWHUPLQDPTXHGHYHPVHUUHFRQKHFLGDVSHORPpWRGROLQHDUQDGHPRQVWUDomR
GRUHVXOWDGRGXUDQWHRSHUtRGRFRQWUDWXDO2VGLVWUDWRVVmRFRQWDELOL]DGRVTXDQGR
RVLQVWUXPHQWRVVmR¿UPDGRVFRPRVFOLHQWHVHRVYDORUHVVmRHIHWLYDPHQWHSDJRV
2FXVWRGRVLPyYHLVYHQGLGRVpDSURSULDGRDRUHVXOWDGRQRPRPHQWRGDHQWUHJD
GRVLPyYHLVDRVFRPSUDGRUHVTXDQGRRVULVFRVHEHQHItFLRVVmRVXEVWDQFLDOPHQWH
transferidos.
$VGHVSHVDVDGPLQLVWUDWLYDVJHUDLVUHIHUHPVHSULQFLSDOPHQWHDJDVWRVFRPSDUWLOKDGRVUHODWLYRVjSDUFHODGRXVRGDLQIUDHVWUXWXUDDGPLQLVWUDWLYDPDQWLGDSHOR*UXSR
-&30 1RWDV H D JDVWRV FRP SHVVRDO H VHUYLoRV FRQWUDWDGRV DOpP GH RXWUDV
GHVSHVDVQHFHVViULDVSDUDDFRQGXomRGDVDWLYLGDGHVGD&RPSDQKLDHHVWmRUHJLVWUDGDVSHORUHJLPHGHFRPSHWrQFLD
$UHFHLWD¿QDQFHLUDpUHFRQKHFLGDFRQIRUPHRSUD]RGHFRUULGRSHORUHJLPHGHFRPSHWrQFLDXVDQGRRPpWRGRGDWD[DHIHWLYDGHMXURV
&RQIRUPHIDFXOWDGRSHOD/HLQ HDOWHUDo}HVSRVWHULRUHV TXHLQVWLWXLXR
5HJLPH(VSHFLDOGH7ULEXWDomR5(7D&RPSDQKLDRSWRXSRUVXEPHWHUVHXHPSUHHQGLPHQWR DR SDWULP{QLR GH DIHWDomR (VVD RSomR p LUUHWUDWiYHO H LUUHYRJiYHO
3DUDHVVHHPSUHHQGLPHQWRTXHDGHULXDR5(7RVHQFDUJRVUHIHUHQWHVDRLPSRVWR
GHUHQGDjFRQWULEXLomRVRFLDOj&RQWULEXLomRSDUDR)LQDQFLDPHQWRGD6HJXULGDGH
6RFLDO&2),16HDR3URJUDPDGH,QWHJUDomR6RFLDO3,6VmRFDOFXODGRVjUD]mR
GHVREUHDVUHFHLWDVEUXWDV$VGHPDLVUHFHLWDVGD&RPSDQKLDQmRSHUWHQFHQWHV
à incorporação, sofrem os encargos do imposto de renda e da contribuição social
FRPEDVHQROXFURSUHVXPLGRjVDOtTXRWDVDSOLFiYHLV
5HODWyULRGRDXGLWRULQGHSHQGHQWHVREUHDVGHPRQVWUDo}HV¿QDQFHLUDV
Aos Administradores e Acionistas
NE1300 InvestimHQWR,PRELOLiULR6$
Opinião
([DPLQDPRVDVGHPRQVWUDo}HV¿QDQFHLUDVGD1(,QYHVWLPHQWR,PRELOLiULR6$
³&RPSDQKLD´ TXH FRPSUHHQGHP R EDODQoR SDWULPRQLDO HP GH GH]HPEUR GH
H DV UHVSHFWLYDV GHPRQVWUDo}HV GR UHVXOWDGR GDV PXWDo}HV GR SDWULP{QLR
OtTXLGRHGRVÀX[RVGHFDL[DSDUDRH[HUFtFLR¿QGRQHVVDGDWDEHPFRPRDVFRUUHVSRQGHQWHVQRWDVH[SOLFDWLYDVLQFOXLQGRRUHVXPRGDVSULQFLSDLVSROtWLFDVFRQWiEHLV
(PQRVVDRSLQLmRDVGHPRQVWUDo}HV¿QDQFHLUDVDFLPDUHIHULGDVDSUHVHQWDPDGHTXDGDPHQWHHPWRGRVRVDVSHFWRVUHOHYDQWHVDSRVLomRSDWULPRQLDOH¿QDQFHLUDGD
1(,QYHVWLPHQWR,PRELOLiULR6$HPGHGH]HPEURGHRGHVHPSHQKR
GHVXDVRSHUDo}HVHRVVHXVÀX[RVGHFDL[DSDUDRH[HUFtFLR¿QGRQHVVDGDWDGH
DFRUGRFRPDVSUiWLFDVFRQWiEHLVDGRWDGDVQR%UDVLO
Base para opinião
1RVVDDXGLWRULDIRLFRQGX]LGDGHDFRUGRFRPDVQRUPDVEUDVLOHLUDVHLQWHUQDFLRQDLV
GH DXGLWRULD 1RVVDV UHVSRQVDELOLGDGHV HP FRQIRUPLGDGH FRP WDLV QRUPDV HVWmR
GHVFULWDVQDVHomRDVHJXLULQWLWXODGD³5HVSRQVDELOLGDGHVGRDXGLWRUSHODDXGLWRULD
GDVGHPRQVWUDo}HV¿QDQFHLUDV´6RPRVLQGHSHQGHQWHVHPUHODomRj&RPSDQKLDGH
DFRUGRFRPRVSULQFtSLRVpWLFRVUHOHYDQWHVSUHYLVWRVQR&yGLJRGHeWLFD3UR¿VVLRQDO
GR &RQWDGRU H QDV QRUPDV SUR¿VVLRQDLV HPLWLGDV SHOR &RQVHOKR )HGHUDO GH &RQWDELOLGDGH H FXPSULPRV FRP DV GHPDLV UHVSRQVDELOLGDGHV pWLFDV FRQIRUPH HVVDV
QRUPDV$FUHGLWDPRVTXHDHYLGrQFLDGHDXGLWRULDREWLGDpVX¿FLHQWHHDSURSULDGD
para fundamentar nossa opinião.
5HVSRQVDELOLGDGHV GD DGPLQLVWUDomR H GD JRYHUQDQoD SHODV GHPRQVWUDo}HV
¿QDQFHLUDV
$DGPLQLVWUDomRGD&RPSDQKLDpUHVSRQViYHOSHODHODERUDomRHDGHTXDGDDSUHVHQWDomR GDV GHPRQVWUDo}HV ¿QDQFHLUDV GH DFRUGR FRP DV SUiWLFDV FRQWiEHLV DGRWDGDVQR%UDVLOHSHORVFRQWUROHVLQWHUQRVTXHHODGHWHUPLQRXFRPRQHFHVViULRVSDUD
SHUPLWLU D HODERUDomR GH GHPRQVWUDo}HV ¿QDQFHLUDV OLYUHV GH GLVWRUomR UHOHYDQWH
independentemente se causada por fraude ou erro.
1DHODERUDomRGDVGHPRQVWUDo}HV¿QDQFHLUDVDDGPLQLVWUDomRpUHVSRQViYHOSHOD
DYDOLDomRGDFDSDFLGDGHGHD&RPSDQKLDFRQWLQXDURSHUDQGRGLYXOJDQGRTXDQGR
DSOLFiYHO RV DVVXQWRV UHODFLRQDGRV FRP D VXD FRQWLQXLGDGH RSHUDFLRQDO H R XVR
GHVVDEDVHFRQWiELOQDHODERUDomRGDVGHPRQVWUDo}HV¿QDQFHLUDVDQmRVHUTXH
DDGPLQLVWUDomRSUHWHQGDOLTXLGDUD&RPSDQKLDRXFHVVDUVXDVRSHUDo}HVRXQmR
WHQKDQHQKXPDDOWHUQDWLYDUHDOLVWDSDUDHYLWDURHQFHUUDPHQWRGDVRSHUDo}HV
2VUHVSRQViYHLVSHODJRYHUQDQoDGD&RPSDQKLDVmRDTXHOHVFRPUHVSRQVDELOLGDGH
SHODVXSHUYLVmRGRSURFHVVRGHHODERUDomRGDVGHPRQVWUDo}HV¿QDQFHLUDV
LQGLYLGXDOPHQWHRXHPFRQMXQWRSRVVDPLQÀXHQFLDUGHQWURGHXPDSHUVSHFWLYDUD]RiYHODVGHcisões econômicas dos usuários tomadas com base nas referidas dePRQVWUDo}HV¿QDQFHLUDV
Como parte de uma auditoria realizada de acordo com as normas brasileiras e inWHUQDFLRQDLVGHDXGLWRULDH[HUFHPRVMXOJDPHQWRSUR¿VVLRQDOHPDQWHPRVFHWLFLVPR
SUR¿VVLRQDODRORQJRGDDXGLWRULD$OpPGLVVR
,GHQWL¿FDPRVHDYDOLDPRVRVULVFRVGHGLVWRUomRUHOHYDQWHQDVGHPRQVWUDo}HV¿QDQFHLUDVLQGHSHQGHQWHPHQWHVHFDXVDGDSRUIUDXGHRXHUURSODQHMDPRVHH[Hcutamos procedimentos de auditoria em resposta a tais riscos, bem como obtemos
HYLGrQFLDGHDXGLWRULDDSURSULDGDHVX¿FLHQWHSDUDIXQGDPHQWDUQRVVDRSLQLmR2
ULVFRGHQmRGHWHFomRGHGLVWRUomRUHOHYDQWHUHVXOWDQWHGHIUDXGHpPDLRUGRTXH
RSURYHQLHQWHGHHUURMiTXHDIUDXGHSRGHHQYROYHURDWRGHEXUODURVFRQWUROHV
LQWHUQRVFRQOXLRIDOVL¿FDomRRPLVVmRRXUHSUHVHQWDo}HVIDOVDVLQWHQFLRQDLV
2EWHPRVHQWHQGLPHQWRGRVFRQWUROHVLQWHUQRVUHOHYDQWHVSDUDDDXGLWRULDSDUDSODQHMDUPRVSURFHGLPHQWRVGHDXGLWRULDDSURSULDGRVjVFLUFXQVWkQFLDVPDVQmRFRPRREMHWLYRGHH[SUHVVDUPRVRSLQLmRVREUHDH¿FiFLDGRVFRQWUROHVLQWHUQRVGD&RPSDQKLD
$YDOLDPRVDDGHTXDomRGDVSROtWLFDVFRQWiEHLVXWLOL]DGDVHDUD]RDELOLGDGHGDVHVWLPDWLYDVFRQWiEHLVHUHVSHFWLYDVGLYXOJDo}HVIHLWDVSHODDGPLQLVWUDomR
&RQFOXtPRV VREUH D DGHTXDomR GR XVR SHOD DGPLQLVWUDomR GD EDVH FRQWiELO GH
FRQWLQXLGDGHRSHUDFLRQDOHFRPEDVHQDVHYLGrQFLDVGHDXGLWRULDREWLGDVVHH[LVWH
LQFHUWH]DUHOHYDQWHHPUHODomRDHYHQWRVRXFRQGLo}HVTXHSRVVDPOHYDQWDUG~YLGD
VLJQL¿FDWLYDHPUHODomRjFDSDFLGDGHGHFRQWLQXLGDGHRSHUDFLRQDOGD&RPSDQKLD
6HFRQFOXLUPRVTXHH[LVWHLQFHUWH]DUHOHYDQWHGHYHPRVFKDPDUDWHQomRHPQRVVR
UHODWyULRGHDXGLWRULDSDUDDVUHVSHFWLYDVGLYXOJDo}HVQDVGHPRQVWUDo}HV¿QDQFHLUDVRXLQFOXLUPRGL¿FDomRHPQRVVDRSLQLmRVHDVGLYXOJDo}HVIRUHPLQDGHTXDGDV
1RVVDVFRQFOXV}HVHVWmRIXQGDPHQWDGDVQDVHYLGrQFLDVGHDXGLWRULDREWLGDVDWp
D GDWD GH QRVVR UHODWyULR 7RGDYLD HYHQWRV RX FRQGLo}HV IXWXUDV SRGHP OHYDU D
Companhia a não mais se manter em continuidade operacional.
$YDOLDPRVDDSUHVHQWDomRJHUDODHVWUXWXUDHRFRQWH~GRGDVGHPRQVWUDo}HV¿QDQFHLUDVLQFOXVLYHDVGLYXOJDo}HVHVHHVVDVGHPRQVWUDo}HV¿QDQFHLUDVUHSUHVHQWDP
DVFRUUHVSRQGHQWHVWUDQVDo}HVHRVHYHQWRVGHPDQHLUDFRPSDWtYHOFRPRREMHWLYR
GHDSUHVHQWDomRDGHTXDGD
&RPXQLFDPRQRVFRPRVUHVSRQViYHLVSHODJRYHUQDQoDDUHVSHLWRHQWUHRXWURVDVSHFWRVGRDOFDQFHSODQHMDGRGDpSRFDGDDXGLWRULDHGDVFRQVWDWDo}HVVLJQL¿FDWLYDV
GHDXGLWRULDLQFOXVLYHDVHYHQWXDLVGH¿FLrQFLDVVLJQL¿FDWLYDVQRVFRQWUROHVLQWHUQRV
TXHLGHQWL¿FDPRVGXUDQWHQRVVRVWUDEDOKRV
5HFLIHGHPDUoRGH
PricewaterhouseCoopers
5HVSRQVDELOLGDGHVGRDXGLWRUSHODDXGLWRULDGDVGHPRQVWUDo}HV¿QDQFHLUDV
$XGLWRUHV,QGHSHQGHQWHV
-RVp9LWDO3HVVRD0RQWHLUR)LOKR
1RVVRVREMHWLYRVVmRREWHUVHJXUDQoDUD]RiYHOGHTXHDVGHPRQVWUDo}HV¿QDQFHL- &5&632³)´3(
&RQWDGRU&5&3(2
UDVWRPDGDVHPFRQMXQWRHVWmROLYUHVGHGLVWRUomRUHOHYDQWHLQGHSHQGHQWHPHQWH
',5(725,$
VHFDXVDGDSRUIUDXGHRXHUURHHPLWLUUHODWyULRGHDXGLWRULDFRQWHQGRQRVVDRSLQLmR
-RmR&DUORV3DHV0HQGRQoD'LUHWRU3UHVLGHQWH
6HJXUDQoDUD]RiYHOpXPDOWRQtYHOGHVHJXUDQoDPDVQmRXPDJDUDQWLDGHTXHD
-DLPHGH4XHLUR]/LPD)LOKR'LUHWRU9LFH3UHVLGHQWH
auditoria realizada de acordo com as normas brasileiras e internacionais de audito5DIDHO0RQWHLURGH%DUURV*XLPDUmHV'LUHWRU$GPLQLVWUDWLYR)LQDQFHLUR
ULD VHPSUH GHWHFWDP DV HYHQWXDLV GLVWRUo}HV UHOHYDQWHV H[LVWHQWHV$V GLVWRUo}HV
$UQDOGRGD&RVWD3RUWR)LOKR&RQWDGRU&5&3(2
podem ser decorrentes de fraude ou erro e são FRQVLGHUDGDV UHOHYDQWHV TXDQGR
(100243)
Recife, 22 de março de 2018