DOEPE 23/03/2018 - Pág. 43 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Recife, 23 de março de 2018
Diário Oficial do Estado de Pernambuco - Poder Executivo
Ano XCV • NÀ 54 - 43
SER EDUCACIONAL S.A. - CNPJ nº 04.986.320/0001-13
(b) Composição do saldo - Consolidado
%DL[DVGRFXVWR
%DL[DVGDGHSUHFLDomR
'HSUHFLDomR
6DOGRFRQWiELOOtTXLGR
(PGHGH]HPEURGH
&XVWR
'HSUHFLDomRDFXPXODGD
6DOGRFRQWiELOOtTXLGR
7D[DVDQXDLVPpGLDV
Computador
(GL¿FDo}HVH
benfeitorias
Propriedades em
Arrendamentos Mercantis
Equipamentos
e instalações
Veículos e
Aeronaves
Móveis e
utensílios
Livros
Terrenos
Total em
operações
Obras em
andamento
Imobilizado
total
2VLQYHVWLPHQWRVHPREUDVHPDQGDPHQWRUHIHUHPVHSULQFLSDOPHQWHjUHIRUPDGDVHGHGR($'5HFLIHHUHIRUPDHFRQVWUXomRGHQRYRV
SUpGLRVQRVFDPSLGH)RUWDOH]DH&DUXDUX$EDL[DGRFXVWRUHIHUHVHDJDVWRVFRPREUDVQmRLQFRUSRUDGDVDRDWLYRLPRELOL]DGRGD&RPSD
QKLD(c) Outras informações: (c.i) Propriedades em arrendamentos mercantis: $&RPSDQKLDHR*UXSRSRVVXHPFRQWUDWRVGHDOXJXpLV
TXHIRUDPDYDOLDGRVFRPRDUUHQGDPHQWR¿QDQFHLURHHQFRQWUDPVHFODVVL¿FDGRVQRLPRELOL]DGRHPFRQWUDSDUWLGDGSDVVLYRFRPRVHJXH
2017
2016
Tipo
Prazo de amortização Custo Depreciação acumulada Saldo líquido Saldo líquido
(GLItFLRV&RQWURODGRUD
DQRV
(GLItFLRV&RQVROLGDGR
DQRV
(c.ii) Garantia de bens: $&RPSDQKLDSRVVXLFRQWUDWRVGHHPSUpVWLPRV leasings H)LQDPHV GHYHtFXORVDHURQDYHPiTXLQDVHHTXLSD
PHQWRVHHTXLSDPHQWRVGHLQIRUPiWLFDRVTXDLVDOLHQDP¿GXFLDULDPHQWHRVEHQVDGTXLULGRVHPGHGH]HPEURGHD&RQWURODGR
UDSRVVXtD5HR&RQVROLGDGRSRVVXtD5UHODWLYRVDJDUDQWLDGHVVHVFRQWUDWRV$GLFLRQDOPHQWHKiSUpGLRVPiTXLQDVH
HTXLSDPHQWRVGHLQIRUPiWLFDGDGRVHPJDUDQWLDGHSURFHVVRVMXGLFLDLVQRPRQWDQWHWRWDOGH5 (d) Custo de empréstimos capitalizados: 2*UXSRSRVVXLHPDQGDPHQWRDFRQVWUXomRGHQRYRVSURMHWRVUHODWLYRVDQRYDVXQLGDGHVHUHIRUPDV'XUDQWHIRUDP
REWLGRVGRLV¿QDQFLDPHQWRVSDUDFXVWHDUHVVHVHPSUHHQGLPHQWRVFXMRYDORUGRVFXVWRVGHHPSUpVWLPRVFDSLWDOL]DGRVGXUDQWHRSHUtRGR
¿QGRHPGHGH]HPEURGHpGH5UHJLVWUDGRVUHGX]LQGRDGHVSHVDGHMXURV 5 $WD[DXWLOL]DGDSDUD
GHWHUPLQDURPRQWDQWHGRVFXVWRVGHHPSUpVWLPRSDVVtYHLVGHFDSLWDOL]DomRUHSUHVHQWDDPpGLDSRQGHUDGDGRVUHIHULGRVHPSUpVWLPRV
13. Fornecedores
Controladora
Consolidado
2017
2016
2017
2016
)RUQHFHGRUHVQDFLRQDLV
3UHVWDGRUHVGHVHUYLoRVQDFLRQDLV
14. Compromissos a pagar
Controladora
Consolidado
2017
2016
2017
2016
&RQWDVDSDJDUSRUDTXLVLo}HVGHLPyYHLV
&RQWDVDSDJDUSRUDTXLVLomRGHLQYHVWLPHQWRV L
&LUFXODQWH
1mRFLUFXODQWH
L &RPSURPLVVRVGHFRUUHQWHVGDVDTXLVLo}HVVHJXLQWHV
Controladora
Consolidado
2017
2016
2017
2016
)$/
)$6(
81$0$H),7
81*
)$0,/
2VDOGRLQFOXLYDORUHVUHODWLYRVDGLYHUJrQFLDVQDDSXUDomRGHUHVVDUFLPHQWRVGRHQGLYLGDPHQWROtTXLGRHGHFRQWLQJrQFLDVGH¿QLGDV
FRQWUDWXDOPHQWHTXHHVWmRVHQGRGLVFXWLGRVHPHVIHUDFRPSHWHQWHHSRGHPQmRVHULQWHJUDOPHQWHSDJRVSHOD&RPSDQKLD$VSDUFHODV
apresentam o seguinte cronograma de vencimento:
Controladora
Consolidado
2017
2016
2017
2016
$WpXPDQR
Entre um e dois anos
(QWUHGRLVHWUrVDQRV
(QWUHWUrVHTXDWURDQRV
(PSUpVWLPRVH¿QDQFLDPHQWRV D Composição
Controladora
Consolidado
Modalidade
(QFDUJRV¿QDQFHLURV
2017
2016
2017
2016
,)& L
&',DD
&DSLWDOGH*LUR LL
&',DD
)LQDPH
7-/3DDD
/HDVLQJ
&',DDP
&LUFXODQWH
1mRFLUFXODQWH
L &RQWUDWRGHHPSUpVWLPRFRPR,QWHUQDWLRQDO)LQDQFH&RUSRUDWLRQ ,)& (PGHMXQKRGHD&RPSDQKLD¿UPRXDFRUGRGH¿QDQ
FLDPHQWRFRPR,QWHUQDFLRQDO)LQDQFH&RUSRUDWLRQSDUDFXVWHDUDFRQVWUXomRGRVFDPSLGH$UDFDMX 6( H)RUWDOH]D &( PRGHUQL]DomR
HUHIRUPDGRVFDPSLH[LVWHQWHVHQRYDVDTXLVLo}HV2PRQWDQWH¿QDQFLDGRpGH5TXHIRLOLEHUDGRHPGHDJRVWRGH
FRPFXVWRVLQFRUULGRVQDFDSWDomRGH52SUD]RGHSDJDPHQWRpGHVHWHDQRVLQFOXLQGRFDUrQFLDGRSULQFLSDOGHGRLVDQRVFRP
SDJDPHQWRGHMXURVQRVPHVHVGHDEULOHRXWXEURGHFDGDDQR(PERUDWUDWHVHGHUHFXUVRVRULXQGRVQRH[WHULRUHPGyODUHVDPHULFDQRV
R,)&YLQFXORXDRSHUDomRHPUHDLVVHPULVFRFDPELDOSDUDD&RPSDQKLD1mRKiYDORUHVGHHPSUpVWLPRVH¿QDQFLDPHQWRVPDQWLGRV
HPPRHGDHVWUDQJHLUD LL 2HPSUpVWLPRGHFDSLWDOGHJLURIRLTXLWDGRFRPUHFXUVRVRULXQGRVGDHPLVVmRGHGHErQWXUHV 1RWD (b)
Garantias: 2V)LQDPHVH/HDVLQJVUHIHUHPVHSULQFLSDOPHQWHDHTXLSDPHQWRVGHLQIRUPiWLFDYHtFXORVWHOHYLVRUHVFRQGLFLRQDGRUHVGH
DUDHURQDYHHQWUHRXWURVHHVWmRJDUDQWLGRVSRUDOLHQDomR¿GXFLiULDGREHPHRXUHFHEtYHLV 1RWD FLL 3DUDR,)&D&RPSDQKLD
RIHUHFHXJDUDQWLDVQDIRUPDGHFHVVmR¿GXFLiULDGHFUpGLWRVUHIHUHQWHVDSDUWHGDVPHQVDOLGDGHVGHDOXQRVGD&RPSDQKLDHVXDV&RQ
WURODGDVUHSUHVHQWDQGRGRWRWDOGRVDOGRGHYHGRUGRHPSUpVWLPR(c) &ODVVL¿FDomRSRUDQRGHYHQFLPHQWR As parcelas vencíveis
DORQJRSUD]RDSUHVHQWDPRVHJXLQWHFURQRJUDPDGHYHQFLPHQWR
Controladora
Consolidado
2017
2016
2017
3 2016
Entre um e dois anos
(QWUHGRLVHWUrVDQRV
(QWUHWUrVHTXDWURDQRV
(QWUHTXDWURHFLQFRDQRV
Acima de cinco anos
2YDORUMXVWRGRVHPSUpVWLPRVpSUy[LPRDRVHXYDORUFRQWiELOXPDYH]TXHRLPSDFWRGRGHVFRQWRQmRpVLJQL¿FDWLYR2VYDORUHVMXVWRV
EDVHLDPVHQRVÀX[RVGHFDL[DGHVFRQWDGRVXWLOL]DQGRVHRFXVWRGHFDSLWDOGD&RPSDQKLDTXHVHDVVHPHOKDDWD[DGRVFRQWUDWRV
HIHWXDGRV(d) Covenants (cláusulas restritivas): 2HPSUpVWLPRFRPR,)&UHTXHUDPDQXWHQomRGHtQGLFHV¿QDQFHLURV FRYHQDQWV
2V³FRYHQDQWV´VmRFDOFXODGRVVREUHDVGHPRQVWUDo}HV¿QDQFHLUDVGD&RPSDQKLDTXHpJDUDQWLGRUDGDHPLVVmRUHODWLYDVDRVSHUtRGRV
WULPHVWUDLV¿QGRVHPGHPDUoRGHMXQKRGHVHWHPEURHGHGH]HPEURGHFDGDH[HUFtFLRVRFLDOHVHUmRH[LJLGRVDWpDGDWD
GRYHQFLPHQWR¿QDO2VtQGLFHV¿QDQFHLURVVmR ā4XRFLHQWHGDGLYLVmRGRDWLYRFLUFXODQWHPHQRVGHVSHVDVDQWHFLSDGDVSHORSDVVLYR
FLUFXODQWH OLTXLGH] FRUUHQWH GH QR PtQLPR ā 5HVXOWDGR GR TXRFLHQWH GD GLYLVmR GD GtYLGD EUXWD SHOR (%7,'$ ³(DUQLQJV %HIRUH
,QWHUHVW7D[HV'HSUHFLDWLRQDQG$PRUWL]DWLRQ´ DMXVWDGR2YDORUUHVXOWDQWHQmRGHYHVHUVXSHULRUD HāËQGLFHGHFXVWRGRVHUYLoRGD
GtYLGDIXWXURGHQRPtQLPR HVWHtQGLFHpFDOFXODGRFRPEDVHQRTXRFLHQWHGDGLYLVmRGROXFUROtTXLGR GHVFRQWDGRSHORVDMXVWHVVHP
HIHLWRQRFDL[D SHODSURMHomRGHSDJDPHQWRGHMXURVHDPRUWL]Do}HVGDGtYLGDEUXWDQRVSUy[LPRVPHVHV1RSHUtRGRHQFHUUDGRHP
GHGH]HPEURGHRV³FRYHQDQWV´UHODWLYRVDRVFRQWUDWRVGHHPSUpVWLPRVIRUDPDQDOLVDGRVHQmRDSUHVHQWDUDPYDORUHVIRUDGRV
OLPLWHVHVWDEHOHFLGRVFRQWUDWXDOPHQWH16. Debêntures:(PGHDJRVWRGHR&RQVHOKRGH$GPLQLVWUDomRDSURYRXDHPLVVmR
GH GHErQWXUHV VLPSOHV GD &RPSDQKLD QmR FRQYHUVtYHLV HP Do}HV HP GXDV VpULHV LJXDLV GD HVSpFLH TXLURJUDIiULD QRV WHUPRV GD
,QVWUXomRGD&90Q2VUHFXUVRVFDSWDGRVIRUDPXWLOL]DGRVSDUDTXLWDomRGDVGHErQWXUHVUHODWLYDVjHPLVVmRH¿QDQFLDPHQWRV
GD(PLVVRUDRVDOGRUHPDQHVFHQWHIRLXWLOL]DGRSDUDUHIRUoRGHFDSLWDOGHJLUR6REUHRVDOGRGRYDORUQRPLQDOXQLWiULRGDVGHErQWXUHV
LQFLGLUmRMXURVFRUUHVSRQGHQWHVjYDULDomRDFXPXODGDGD7D[D',DFUHVFLGDGHVSUHDGGHDRDQRSDUDDV'HErQWXUHVGD3ULPHLUD
6pULHHGHDRDQRSDUDDV'HErQWXUHVGD6HJXQGD6pULH$HPLVVmRGDVGHErQWXUHVIRLHQFHUUDGDHPGHRXWXEURGHFRP
YDORUQRPLQDOXQLWiULRGH5WRWDOL]DQGRRPRQWDQWHGH5FRPFXVWRVLQFRUULGRVGH52SUD]RGHSDJDPHQWRGD
3ULPHLUD6pULHpGHGRLVDQRVFRPSDUFHOD~QLFDHPGHVHWHPEURGH HGD6HJXQGD6pULHpGHTXDWURDQRVFRPSDJDPHQWR
VHPHVWUDO HP SDUFHODV LJXDLV VHQGR R SULPHLUR YHQFLPHQWR HP GH PDUoR GH H R ~OWLPR HP GH VHWHPEUR GH $V
GHErQWXUHVHPLWLGDVSHOD&RPSDQKLDUHTXHUHPDPDQXWHQomRGHtQGLFHV¿QDQFHLURV ³FRYHQDQWV´ FDOFXODGRVVREUHDVGHPRQVWUDo}HV
¿QDQFHLUDVGD&RPSDQKLDTXHpJDUDQWLGRUDGDHPLVVmRUHODWLYDVDFDGDH[HUFtFLRVRFLDO¿QGRHPGHGH]HPEURHVmRH[LJLGRVD
SDUWLUGHDWpGDWDGRYHQFLPHQWR¿QDO2VSULQFLSDLVtQGLFHV¿QDQFHLURVVmR āRUHVXOWDGRGRTXRFLHQWHGDGLYLVmRGDGtYLGDOtTXLGD
SHOR(%,7'$ ³(DUQLQJV%HIRUH,QWHUHVW7D[HV'HSUHFLDWLRQDQG$PRUWL]DWLRQ´ DMXVWDGRFXMRYDORUUHVXOWDQWHQmRGHYHVHUVXSHULRUD
SRGHQGRVHUPDLRUSRUWULPHVWUHVFRQVHFXWLYRVQRFDVRGHDTXLVLomRVRFLHWiULDFRPREMHWRVRFLDOVHPHOKDQWH HāRUHVXOWDGR
GR TXRFLHQWH GD GLYLVmR GR (%,7'$ VREUH D GHVSHVD ¿QDQFHLUD OtTXLGD FRQVLGHUDQGR RV HQFDUJRV GD GtYLGD EDQFiULD DEDWLGRV GRV
UHQGLPHQWRVGDVDSOLFDo}HV¿QDQFHLUDVFXMRYDORUUHVXOWDQWHQmRGHYHVHULQIHULRUD1RSHUtRGRHQFHUUDGRHPGHGH]HPEURGH
RV³FRYHQDQWV´UHODWLYRVDRVFRQWUDWRVGHHPLVVmRGHGHErQWXUHVIRUDPDQDOLVDGRVHQmRDSUHVHQWDUDPYDORUHVVXSHULRUHVDRV
OLPLWHVHVWDEHOHFLGRVFRQWUDWXDOPHQWH&DVRD&RPSDQKLDDGTXLUDSDUWLFLSDomRVRFLHQWiULDGHHPSUHVDFRPREMHWRVRFLDOVHPHOKDQWH
DRVHXRtQGLFH'tYLGD/tTXLGD(%,7'$SRGHUiWHUXPDFUpVFLPRGHDWpSRUWULPHVWUHVFRQVHFXWLYRVDFRQWDUGRWULPHVWUHQRTXDOD
GtYLGDFRQWUDtGDSDUDDTXLVLomRIRLIHLWD2VDOGRHYHQFLPHQWRGDVSDUFHODVHVWmRGHPRQVWUDGRVFRPRVHJXH
Controladora e Consolidado
2017
2016
&LUFXODQWH
$WpXPDQR
1mR&LUFXODQWH
Entre um e dois anos
(QWUHGRLVHWUrVDQRV
(QWUHWUrVHTXDWURDQRV
2YDORUMXVWRGDVGHErQWXUHVpSUy[LPRDRVHXYDORUFRQWiELOXPDYH]TXHDWD[DFRQWUDWXDOUHÀHWHRYDORUDWXDOL]DGRSDUDOLTXLGDomR
GDRSHUDomR
Controladora
Consolidado
17. Salários e encargos sociais:
2017
2016
2017
2016
3DUWLFLSDomRQRVUHVXOWDGRV
6DOiULRVDSDJDU
Encargos sociais
3URYLVmRSDUDIpULDVHHQFDUJRV
Outros
18. Obrigações de arrendamento mercantil:$&RPSDQKLDHR*UXSRSRVVXHPFRQWUDWRVGHDOXJXpLVRVTXDLVIRUDPFODVVL¿FDGRVFRPR
DUUHQGDPHQWR¿QDQFHLURHHQFRQWUDPVHFODVVL¿FDGRVQRLPRELOL]DGRHQDVREULJDo}HVGHDUUHQGDPHQWRPHUFDQWLOFRQIRUPH1RWD
2VSUD]RVGRVFRQWUDWRVVmRGHGH]DQRVSRGHQGRVHUUHQRYDGRVDXWRPDWLFDPHQWHSRUPDQLIHVWDomRGRORFDWiULRDR¿QDOGRSHUtRGR
FRPSDJDPHQWRVPHQVDLVH¿[RVVHQGRDWXDOL]DGRVDQXDOPHQWHSHORVtQGLFHV,1&&RX,*30GLYXOJDGRSHOD)XQGDomR*HW~OLR9DUJDV
1mRH[LVWHPUHVWULo}HVRXFOiXVXODVTXHGHSHQGDPGRVUHVXOWDGRVRXGLVWULEXLomRGHGLYLGHQGRVSHOD&RPSDQKLD2VFRQWUDWRVIRUDP
FRQVLGHUDGRVQRMXOJDPHQWRGD&RPSDQKLDFRPRDUUHQGDPHQWRPHUFDQWLO¿QDQFHLURHVVHQFLDOPHQWHSHORSUD]RGRVFRQWUDWRVGHDOXJXHO
UHSUHVHQWDUHPDPDLRUSDUWHGDYLGDHFRQ{PLFDGRVDWLYRVRXSHORYDORUMXVWRGDVHGL¿FDo}HVHWHUUHQRVVHUHPLQIHULRUHVDRYDORUSUHVHQWH
GRVSDJDPHQWRVPtQLPRVGHDOXJXHO2YDORUSUHVHQWHGRVFRQWUDWRVIRLFDOFXODGRSRUWD[DVHTXLYDOHQWHVDGHFDSWDomRGHWUDQVDomR
FRPULVFRHQDWXUH]DVLPLODU2YHQFLPHQWRGRVSDJDPHQWRVGRVDOXJXpLVPtQLPRVGRVDUUHQGDPHQWRV¿QDQFHLURVHVWiGHVFULWRDVHJXLU
Controladora
2017
2016
Pagamentos
Desconto a
Valor presente dos
Valor presente dos
Vencimentos
mínimos
valor presente
pagamentos mínimos
pagamentos mínimos
&LUFXODQWH
$WpXPDQR
1mRFLUFXODQWH
Entre um e dois anos
(QWUHGRLVHWUrVDQRV
(QWUHWUrVHTXDWURDQRV
$FLPDGHTXDWURDQRV
Consolidado
2017
2016
Pagamentos
Desconto a
Valor presente dos
Valor presente dos
Vencimentos
mínimos
valor presente
pagamentos mínimos
pagamentos mínimos
&LUFXODQWH
$WpXPDQR
1mRFLUFXODQWH
Entre um e dois anos
(QWUHGRLVHWUrVDQRV
(QWUHWUrVHTXDWURDQRV
$FLPDGHTXDWURDQRV
19. Capital social e reservas: (a) Capital social:(PGHDJRVWRGHD$VVHPEOHLD*HUDODSURYRXRDXPHQWRGR&DSLWDO6RFLDO
GH5SDUD5PHGLDQWHDFDSLWDOL]DomRGH5 SURYHQLHQWHVGDVUHVHUYDVGHUHWHQomRGHOXFURVVHPHPLVVmR
GHQRYDVDo}HVPDQWHQGRDVDo}HVRUGLQiULDVQRPLQDWLYDVHVHPYDORUQRPLQDO1DPHVPDGDWDKRXYHRDXPHQWRGR
FDSLWDODXWRUL]DGRGH5SDUD5(PUHXQLmRGR&RQVHOKRGH$GPLQLVWUDomRUHDOL]DGDQRGLDGHVHWHPEURGH
IRLDSURYDGRRDXPHQWRGRFDSLWDOVRFLDOGD&RPSDQKLDGHQWURGROLPLWHGRFDSLWDODXWRUL]DGRQRPRQWDQWHPtQLPRGH5
HPi[LPRGH5PHGLDQWHDHPLVVmRGHDo}HVRUGLQiULDVQRPLQDWLYDVHVFULWXUDLVHVHPYDORUQRPLQDOSDUDVXEVFULomRSULYDGD
FRUUHVSRQGHQWHVDTXDQWLGDGHPtQLPDGHDo}HVHPi[LPDGH Do}HVDRSUHoRPtQLPRGHHPLVVmR5SRU
DomRHPFRQVRQkQFLDFRPRDUWLJRGD/HLGDV6$V(PGHQRYHPEURGHR&RQVHOKRGH$GPLQLVWUDomRDSURYRXRDXPHQWR
GR&DSLWDO6RFLDOGH5SDUD5 PHGLDQWHDFDSLWDOL]DomRGH5 SURYHQLHQWHVGDVXEVFULomRGH
Do}HV$WXDOPHQWHR&DSLWDO6RFLDOGD&RPSDQKLDpUHSUHVHQWDGRSRUDo}HVRUGLQiULDVQRPLQDWLYDVHVHPYDORUQRPLQDO
2V JDVWRV LQFRUULGRV SHOD &RPSDQKLD SDUD HVVD HPLVVmR WRWDOL]DUDP 5 UHJLVWUDGRV HP FRQWD UHGXWRUD GR &DSLWDO 6RFLDO 2V
UHFXUVRVFDSWDGRVVHUmRGHVWLQDGRVDRIRUWDOHFLPHQWRGDHVWUXWXUDGHFDSLWDOGD&RPSDQKLDLQFOXLQGRR¿QDQFLDPHQWRGDH[SDQVmRGH
VHXQHJyFLRSRUPHLRGH L DTXLVLo}HV H LL LQYHVWLPHQWRVHPVHXFUHVFLPHQWRRUJkQLFRTXHHQJOREDDH[SDQVmRHLQIUDHVWUXWXUDGH
SRORVGDUHGHGHHQVLQRDGLVWkQFLDHLQYHVWLPHQWRVSDUDDLQVWDODomRGHQRYDVXQLGDGHVSUHVHQFLDLV(b) Ações em tesouraria: Em
GHMDQHLURGHIRLDSURYDGDDDTXLVLomRGHDWp WUrVPLOK}HVVHWHFHQWDVHFLQTXHQWDHGXDVPLOGX]HQWDVHWULQWDH
VHWH Do}HVRUGLQiULDVQRPLQDWLYDVHVFULWXUDLVHVHPYDORUQRPLQDOGH(PLVVmRGD&RPSDQKLDSDUDPDQXWHQomRFDQFHODPHQWRHP
WHVRXUDULDRXUHFRORFDomRQRPHUFDGRVHPUHGXomRGRFDSLWDOVRFLDOGHQWURGRSUD]RGHGLDVDSDUWLUGHGHMDQHLURGHFRP
HQFHUUDPHQWRHPGHMDQHLURGHQDIRUPDGHSURJUDPDGHUHFRPSUDSURUURJDGRSRUPDLVHP GHMDQHLURGH(P
GHMDQHLURGHR&RQVHOKRGH$GPLQLVWUDomRGD&RPSDQKLDDSURYRXDUHQRYDomRGR3URJUDPDGH5HFRPSUDGH$o}HVDWp GH
MDQHLURGHTXDQGRIRLGHOLEHUDGRRVHXHQFHUUDPHQWR'HVGHDFULDomRGR3URJUDPDIRUDPDGTXLULGDVSHOD&RPSDQKLD
WUH]HQWDVHVHWHQWDHVHWHPLOHTXLQKHQWDV Do}HVRUGLQiULDVGHVXDHPLVVmRQRYDORUWRWDOGH5DRFXVWRPpGLRSRQGHUDGRGH
5 $VDo}HVRUGLQiULDVDGTXLULGDVSHUPDQHFHUmRHPWHVRXUDULDSDUDSRVWHULRUFDQFHODPHQWRRXGHVWLQDomRDTXDLVTXHURXWURV
SODQRVTXHYLHUHPDVHUIXWXUDPHQWHDSURYDGRVSHOD$VVHPEOHLD*HUDOGD&RPSDQKLD(c) Reserva de capital: (PGHGH]HPEURGH
HGHGH]HPEURGHD&RPSDQKLDQmRSRVVXtDVDOGRUHJLVWUDGRFRPRUHVHUYDGHFDSLWDO G 5HVHUYDGHLQFHQWLYRV¿VFDLV
(PGHGH]HPEURGHD&RPSDQKLDSRVVXtD5 5 UHODWLYRVjUHVHUYDGHLQFHQWLYRV¿VFDLV&RQVWLWXtGD
GHDFRUGRFRPRHVWDEHOHFLGRQRDUWLJR $GD/HLGDV6RFLHGDGHVSRU$o}HV HPHQGDGRSHOD/HLQRGH (VVDUHVHUYD
UHFHEHDSDUFHODGRVLQFHQWLYRV¿VFDLVUHFRQKHFLGRVQRUHVXOWDGRHDHODGHVWLQDGRVDSDUWLUGDFRQWDGHOXFURVDFXPXODGRV'HYLGR
jDGHVmRDR3URXQLRVYDORUHVGRLPSRVWRGHUHQGDHGDFRQWULEXLomRVRFLDOVREUHROXFUROtTXLGRQmRSDJRVHPUD]mRGRLQFHQWLYR
¿VFDOFRQFHGLGRVmRFRQWDELOL]DGRVQRUHVXOWDGRGRSHUtRGRUHGX]LQGRDVGHVSHVDVGRVUHIHULGRVWULEXWRV2PRQWDQWHGRVLQFHQWLYRV
¿VFDLVGD&RQWURODGRUDpGHVWLQDGRDSyVWUDQVLWDUSHORUHVXOWDGRSDUDDFRQWDGHUHVHUYDGHLQFHQWLYRV¿VFDLVQRSDWULP{QLROtTXLGR
(e) Reserva legal: (PGHGH]HPEURGHD&RPSDQKLDSRVVXtD5 5 GHUHVHUYDOHJDO$UHVHUYDOHJDO
pFRQVWLWXtGDPHGLDQWHDDSURSULDomRGHGROXFUROtTXLGRGRH[HUFtFLRVRFLDORXVDOGRUHPDQHVFHQWHDWpROLPLWHGHGRFDSLWDO
VRFLDO$UHVHUYDOHJDOWHPSRU¿PDVVHJXUDUDLQWHJULGDGHGRFDSLWDOVRFLDOHVRPHQWHSRGHUiVHUXWLOL]DGDSDUDFRPSHQVDUSUHMXt]RH
DXPHQWDURFDSLWDO(f) Retenção de lucros: (PGHGH]HPEURGHD&RPSDQKLDSRVVXtD5 5 GH
UHWHQomRGHOXFURV$UHWHQomRGHOXFURVUHSUHVHQWDDSDUFHODGROXFURGHVWLQDGDSDUDFRQWDGHUHVHUYDGHUHWHQomRGHOXFURVSDUDIXWXUR
LQYHVWLPHQWRGHFDSLWDOTXHpREMHWRGHGHOLEHUDomRQD$VVHPEOHLD*HUDO2UGLQiULDGRVDFLRQLVWDV(g) Dividendos: $RVDFLRQLVWDVp
DVVHJXUDGRXPGLYLGHQGRPtQLPRREULJDWyULRGHGROXFUROtTXLGRGRH[HUFtFLRDMXVWDGRSHODFRQVWLWXLomRGDUHVHUYDOHJDOFRQIRUPH
RVWHUPRVGD/HLGDV6RFLHGDGHVSRU$o}HV2VLQFHQWLYRVGHVFULWRVQRLWHP G QmRHQWUDPQDEDVHGHFiOFXORGRGLYLGHQGRPtQLPR
REULJDWyULR&RPEDVHHPSDUHFHUMXUtGLFRD&RPSDQKLDDGRWDDSUiWLFDGHQmRGLVWULEXLUUHVHUYDVGHLQFHQWLYRV¿VFDLVXPDYH]TXHHODV
VHGHVWLQDPH[FOXVLYDPHQWHDDXPHQWRVGHFDSLWDO$DGPLQLVWUDomRHODERURXDSURSRVWDGHGLVWULEXLomRGHGLYLGHQGRVGDVHJXLQWHIRUPD
2017
2016
/XFUROtTXLGRGRH[HUFtFLR
5HVHUYDGH,QFHQWLYR)LVFDO
&RQVWLWXLomRGDUHVHUYDOHJDO
/XFUROtTXLGRDMXVWDGR
'LYLGHQGRPtQLPRREULJDWyULRFDOFXODGR DGLVWULEXLU
'LYLGHQGRVFRPSOHPHQWDUHV D
7RWDOGHGLYLGHQGRVDGLVWULEXLU
0pGLDSRQGHUDGDHPFLUFXODomR
'LYLGHQGRVGLVWULEXtGRVDGLVWULEXLUSRUDo}HV HPUHDLV
D 2VGLYLGHQGRVFRPSOHPHQWDUHVVHUmRVXEPHWLGRVjRSHUDomRGD$VVHPEOHLD*HUDO2UGLQiULDHHPGHGH]HPEURGHHVWmR
UHJLVWUDGRVHPUHVHUYDGHOXFURVQR3DWULP{QLR/LTXLGR