DOEPE 25/05/2018 - Pág. 16 - Poder Executivo - Diário Oficial do Estado de Pernambuco
16 - Ano XCV• NÀ 96
Diário Oficial do Estado de Pernambuco - Poder Executivo
AGROVIA DO NORDESTE S.A.
Recife, 25 de maio de 2018
CNPJ nº 18.510.603/0001-07
RELATÓRIO DOS ADMINISTRADORES - 2017
6HQKRUHV$FLRQLVWDV 6XEPHWHPRVjDSUHFLDomRGH96DVDVGHPRQVWUDo}HV¿QDQFHLUDVUHODWLYDVDRH[HUFtFLRVRFLDO¿QGRGHGH]HPEURGHDFRPSDQKDGDVGDVUHVSHFWLYDVQRWDVH[SOLFDWLYDV5HFLIHGHIHYHUHLURGH$$GPLQLVWUDomR
PASSIVO E PATRIMÔNIO LÍQUIDO
Balanço patrimonial em 31 de dezembro de 2017 e 31 de
Demonstração do resultado ([HUFtFLRV¿QGRVHPGHGH]HPEUR
'HPRQVWUDomRGRVÀX[RVGHFDL[D
Notas
2017
2016
dezembro de 2016 9DORUHVH[SUHVVRVHPPLOKDUHVGHUHDLV
9DORUHVH[SUHVVRVHPPLOKDUHVGHUHDLVH[FHWRTXDQGR
([HUFtFLRV¿QGRVHPGHGH]HPEUR
Passivo circulante
ATIVO
LQGLFDGRGHRXWUDIRUPD
9DORUHVH[SUHVVRVHPPLOKDUHVGHUHDLV
Notas
2017
2016 )RUQHFHGRUHVHFRQWDVDSDJDU
Notas
2017
2016
2017
2016
'HErQWXUHV
Ativo circulante
Operações continuadas
Fluxos de caixa das atividades operacionais
5HFHLWDOtTXLGD
&DL[DHHTXLYDOHQWHVGHFDL[D
2EULJDo}HVVRFLDLVHWUDEDOKLVWDV
Prejuízo do exercício
Contas a receber
6
191
311 ,PSRVWRVWD[DVH
&XVWRVGRVVHUYLoRVSUHVWDGRV
Ajustes
Lucro bruto
7ULEXWRVDUHFXSHUDU
FRQWULEXLo}HVVRFLDLV
'HSUHFLDomR
5
Despesas operacionais
Despesas antecipadas
698
673 2XWURVSDVVLYRV
-XURVHYDULDo}HVPRQHWiULDVOtTXLGDV 1.581
98
38.361 *HUDLVHDGPLQLVWUDWLYDV
2XWURVDWLYRV
101
5.330 Passivo não circulante
3UHMXt]RDQWHVGRUHVXOWDGR¿QDQFHLUR
Variação dos ativos e passivos
,PSRVWRVWD[DVHFRQWULEXLo}HVVRFLDLV
5HVXOWDGR¿QDQFHLUROtTXLGR
Ativo não circulante
&RQWDVDUHFHEHU
Patrimônio líquido
5HDOL]iYHODORQJRSUD]R
Prejuízo do exercício
7ULEXWRVDUHFXSHUDU
Prejuízo do exercício por ação das operações continuadas
7ULEXWRVDUHFXSHUDU
&DSLWDOVRFLDO
'HVSHVDVDQWHFLSDGDV
continuadas atribuível aos acionistas (expresso em
,PRELOL]DGR
3UHMXt]RVDFXPXODGRV
2XWURVDWLYRV
19.665 R$ por ação)
61.955
E
)RUQHFHGRUHVHFRQWDVDSDJDU
Total do ativo
Total do passivo e patrimônio líquido
2EULJDo}HVVRFLDLVHWUDEDOKLVWDV
As notas explicativas da Administração são
,PSRVWRVWD[DVHFRQWULEXLo}HVVRFLDLV
As notas explicativas da Administração são parte integrante das demonstrações contábeis.
parte integrante das demonstrações contábeis.
2XWURVSDVVLYRV
1
Demonstração das mutações do patrimônio líquido em 31 de dezembro
GR QHJyFLR e) Risco associado a taxas de juros e índice de Caixa aplicado pelas operações
9DORUHVH[SUHVVRVHPPLOKDUHVGHUHDLV
LQÀDomR $ &RPSDQKLD HVWi H[SRVWD DR ULVFR GH TXH XPD -XURVSDJRVVREUHGHErQWXUHV
Prejuízos
YDULDomRGDVWD[DVGHMXURVSRGHQGRFDXVDUXPDXPHQWRQDVXD
Notas
Capital social
acumulados
Total GHVSHVD ¿QDQFHLUD FRP SDJDPHQWRV GH MXURV IXWXURV 2 ULVFR GH Caixa líquido aplicado nas atividades
Em 1º de janeiro de 2016
17.118
WD[DGHMXURVGD&RPSDQKLDGHFRUUHGHGHErQWXUHVGHFXUWRSUD]R operacionais
$XPHQWRGHFDSLWDO
$V GHErQWXUHV H[S}HP D &RPSDQKLD DR ULVFR GH WD[D GH MXURV Fluxo de caixa das atividades de investimentos
3UHMXt]RGRH[HUFtFLR
-
GHÀX[RGHFDL[DHDÀXWXDomRGR&HUWL¿FDGRGH'HSyVLWR%DQFiULR $GLo}HVGHLPRELOL]DGR
Em 31 de dezembro de 2016
³&',´ 3.1. Gestão de capital - $&RPSDQKLDPRQLWRUDRFDSLWDO Caixa líquido aplicado nas atividades
$XPHQWRGHFDSLWDO
FRP EDVH QR tQGLFH GH DODYDQFDJHP ¿QDQFHLUD (VVH tQGLFH de investimentos
3UHMXt]RGRH[HUFtFLR
-
FRUUHVSRQGH j GtYLGD OtTXLGD GLYLGLGD SHOR FDSLWDO WRWDO $ GtYLGD )OX[RVGHFDL[DGDVDWLYLGDGHVGH¿QDQFLDPHQWRV
$PRUWL]DomRGHGHErQWXUHV
Em 31 de dezembro de 2017
OtTXLGDSRUVXDYH]FRUUHVSRQGHDRWRWDOGHGHErQWXUHV FRQIRUPH
$XPHQWRGHFDSLWDO
As notas explicativas da Administração são parte integrante das demonstrações contábeis.
GHPRQVWUDGR QR EDODQoR SDWULPRQLDO VXEWUDtGR GR PRQWDQWH GH Custo de captação de debêntures
FDL[D H HTXLYDOHQWHV GH FDL[D 2 FDSLWDO WRWDO p DSXUDGR DWUDYpV Caixa líquido proveniente das atividades
Notas explicativas da administração às demonstrações contábeis em 31 de dezembro de 2017 e 2016
GDVRPDGRSDWULP{QLROtTXLGRFRQIRUPHGHPRQVWUDGRQREDODQoR GH¿QDQFLDPHQWRV
(PPLOKDUHVGHUHDLVH[FHWRTXDQGRLQGLFDGRGHRXWUDIRUPD
1. Informações gerais -$$JURYLDGR1RUGHVWH6$ ³$JURYLD1(´ IXWXURVDVVRFLDGRVDHVVHVFXVWRVHTXHSRVVDPVHUPHQVXUDGRV SDWULPRQLDO FRP D GtYLGD OtTXLGD 2V tQGLFHV GH HQGLYLGDPHQWR Redução de caixa e equivalentes de
RX³&RPSDQKLD´ FRPVHGHQDFLGDGHGH,SRMXFD3HUQDPEXFRIRL FRP VHJXUDQoD 2 YDORU FRQWiELO GH LWHQV RX SHoDV VXEVWLWXtGRV SRGHPVHUDVVLPVXPDUL]DGRV
caixa, líquido
Notas
2017
2016 &DL[DHHTXLYDOHQWHVGHFDL[D
FRQVWLWXtGDHPGHMXOKRGHWHQGRFRPRREMHWLYRDH[HFXomR pEDL[DGR7RGRVRVRXWURVUHSDURVHPDQXWHQo}HVVmRODQoDGRV
QRLQtFLRGRH[HUFtFLR
GRFRQWUDWRGHDUUHQGDPHQWRGHiUHDORFDOL]DGRQD=RQD,QGXVWULDO HP FRQWUDSDUWLGD DR UHVXOWDGR GR H[HUFtFLR TXDQGR LQFRUULGRV 7RWDOGHGHErQWXUHV
3RUWXiULD ± =,3 GH 6XDSH QR PXQLFtSLR GH ,SRMXFD HVWDGR GH $GHSUHFLDomRpFDOFXODGDXVDQGRRPpWRGROLQHDUFRQVLGHUDQGR 0HQRV &DL[DHHTXLYDOHQWHV
&DL[DHHTXLYDOHQWHVGHFDL[D
GHFDL[D
5
3HUQDPEXFRGHVWLQDGRjLPSODQWDomRGR7HUPLQDO$oXFDUHLURSDUD RVVHXVFXVWRVHVHXVYDORUHVUHVLGXDLVGXUDQWHDYLGD~WLOHVWLPDGD
QR¿QDOGRH[HUFtFLR
38.377
PRYLPHQWDomR H DUPD]HQDJHP GH Do~FDU j JUDQHO H HP VDFRV 1RWD 2VYDORUHVUHVLGXDLVHDYLGD~WLOGRVDWLYRVVmRUHYLVDGRV 'tYLGDOtTXLGD
As notas explicativas da Administração são
19.665
QDVDWLYLGDGHVGHH[SRUWDomRLPSRUWDomRHFDERWDJHP$&RPSD- H DMXVWDGRV VH DSURSULDGR DR ¿QDO GH FDGD H[HUFtFLR 2 YDORU 7RWDOGRSDWULP{QLROtTXLGR
parte integrante das demonstrações contábeis.
QKLDSRVVXL&RQWUDWRGH$UUHQGDPHQWRQ WUDQVIHULQGRD FRQWiELO GH XP DWLYR p LPHGLDWDPHQWH EDL[DGR DR VHX YDORU 7RWDOGRFDSLWDOSUySULRHGHWHUFHLURV
L $&RPSDQKLDPDQWpPDSOLFDo}HVGHFXUWRSUD]RGHDOWDOLTXLGH]
WLWXODULGDGHGHWRGRVRVGLUHLWRVHREULJDo}HVGDFRQVWUXomRHH[SOR- UHFXSHUiYHOTXDQGRRYDORUFRQWiELOGRDWLYRpPDLRUGRTXHVHX ËQGLFHGHDODYDQFDJHP¿QDQFHLUD
SURQWDPHQWHFRQYHUVtYHLVHPFDL[DUHPXQHUDGDVHQWUHD
UDomRGRWHUPLQDODoXFDUHLURQR=,3GH6XDSHSDUDD&RPSDQKLD YDORUUHFXSHUiYHOHVWLPDGR (e) Fornecedores e contas a pagar GR&', ±DGR&',
2 FRQWUDWR WHP R SUD]R GH DQRV SRGHQGR VHU SURUURJDGR SRU )RUQHFHGRUHVHFRQWDVDSDJDUVmRREULJDo}HVUHIHUHQWHVDEHQV ,QVWUXPHQWRV¿QDQFHLURVSRUFDWHJRULD
Empréstimos e recebíveis 6. Contas a receber - (P GH GH]HPEUR GH D &RPSDQKLD
PDLVDQRV$&RPSDQKLDpSDUWHLQWHJUDQWHGR*UXSR2GHEUHFKW RXVHUYLoRVTXHIRUDPDGTXLULGRVQRFXUVRQRUPDOGRVQHJyFLRV
Notas
2017
2016 SRVVXL XP VDOGR GH 5 5 UHSUHVHQWDGR SRU
³*UXSR´ VHQGRFRQWURODGDGLUHWDPHQWHSHOD2GHEUHFKW7UDQVSRUW VHQGRFODVVL¿FDGDVFRPRSDVVLYRVFLUFXODQWHVVHRSDJDPHQWRIRU
UHFHEtYHLV GHFRUUHQWHV GRV VHUYLoRV GH DUPD]HQDJHP GH FDUJDV
6$ ³273´ HLQGLUHWDPHQWHSHOD2GHEUHFKW6$ ³2'%´ &RPRp GHYLGRQRSHUtRGRGHDWpPHVHV&DVRFRQWUiULRRVIRUQHFHGRUHV Ativos, conforme o balanço patrimonial
QR WHUPLQDO DoXFDUHLUR (P GH GH]HPEUR GH D &RPSDGHFRQKHFLPHQWRS~EOLFRGHVGHHQFRQWUDPVHHPDQGDPHQWR VmRDSUHVHQWDGRVFRPRSDVVLYRQmRFLUFXODQWH(ODVVmRLQLFLDOPHQWH &DL[DHHTXLYDOHQWHVGHFDL[D
QKLD
FRP EDVH HP VXD DYDOLDomR GR ULVFR GH FUpGLWR HQWHQGH TXH
6
191
311
LQYHVWLJDo}HV H RXWURV SURFHGLPHQWRV OHJDLV FRQGX]LGRV SHOR UHFRQKHFLGDVSHORYDORUMXVWRHVXEVHTXHQWHPHQWHPHQVXUDGDV Contas a receber
QmR VH ID] QHFHVViULR D FRQVWLWXLomR GH SURYLVmR SDUD SHUGDV QD
0LQLVWpULR3~EOLFR)HGHUDOHRXWUDVDXWRULGDGHVS~EOLFDVQRFRQWH[WR SHORFXVWRDPRUWL]DGRFRPRXVRGRPpWRGRGHWD[DHIHWLYDGHMXURV
2XWURVSDVVLYRV¿QDQFHLURV UHDOL]DomRGDVFRQWDVDUHFHEHU
GDFKDPDGD³2SHUDomR/DYD-DWR´TXHLQYHVWLJDSULQFLSDOPHQWH (f) Debêntures - 2V UHFXUVRV ¿QDQFHLURV WRPDGRV DWUDYpV GH
7. Tributos a recuperar
SUiWLFDV UHODFLRQDGDV D FRUUXSomR H ODYDJHP GH GLQKHLUR H TXH HPLVVmRGHGHErQWXUHV VmRUHFRQKHFLGRV LQLFLDOPHQWHSHORYDORU Passivo, conforme o balanço patrimonial
2017
2016
HQYROYHPHPSUHVDVH[H[HFXWLYRVHH[HFXWLYRVGR*UXSR2GHEUHFKW MXVWR OtTXLGRV GR FXVWR GH WUDQVDomR (P VHJXLGD RV UHFXUVRV )RUQHFHGRUHVHFRQWDVDSDJDU
10
39.030 Ativo circulante
DFLRQLVWD LQGLUHWR GD &RPSDQKLD$ &RPSDQKLD QmR IRL QRWL¿FDGD ¿QDQFHLURV WRPDGRV VmR DSUHVHQWDGRV SHOR FXVWR DPRUWL]DGR Debêntures
3,6H&2),16VREUHDWLYRV
D UHVSHLWR GH VHU REMHWR GH TXDOTXHU LQYHVWLJDomR SURPRYLGD SRU LVWR p DFUHVFLGR GH HQFDUJRV H MXURV SURSRUFLRQDLV DR SHUtRGR
Imposto de renda retido a recuperar
703
yUJmRV UHJXODGRUHV LQWHUQRV RX RUJDQLVPRV LQWHUQDFLRQDLV FRQWUD LQFRUULGR SURUDWDWHPSRULV FRPEDVHQDWD[DHIHWLYD2VFXVWRV 5. Caixa e equivalentes de caixa
2017
2016
D &RPSDQKLD RX VHXV H[HFXWLYRV UHODFLRQDGD j 2SHUDomR /DYD GH GHErQWXUHV JHUDLV H HVSHFt¿FRV TXH VmR GLUHWDPHQWH DWULEXtAtivo
não
circulante
-DWR EHP FRPR QmR VRIUHX EXVFD H DSUHHQVmR HP VHXV HVWDEH- YHLVjDTXLVLomRFRQVWUXomRRXSURGXomRGHXPDWLYRTXDOL¿FiYHO &DL[DHEDQFRV
1.108
3.385 3,6H&2),16VREUHDWLYRV
OHFLPHQWRV H QmR WHYH QHQKXP H[HFXWLYR LQGLFLDGR GHQXQFLDGR TXH p XP DWLYR TXH QHFHVVDULDPHQWH GHPDQGD XP SHUtRGR $SOLFDo}HV¿QDQFHLUDV L
RX WDPSRXFR FRQGHQDGR DWp R PRPHQWR &RQVLGHUDQGR TXH DV GH WHPSR VXEVWDQFLDO SDUD ¿FDU SURQWR SDUD VHX XVR RX YHQGD
LQYHVWLJDo}HVDLQGDHVWmRHPDQGDPHQWRQmRKiFRPRGHWHUPLQDU
VH VHUi DIHWDGD SHORV UHVXOWDGRV GR UHIHULGR $FRUGR H SRU
TXDLVTXHUGHVHXVGHVGREUDPHQWRVHVXDVFRQVHTXrQFLDVIXWXUDV
(a) Capital circulante líquido negativo (“CCL negativo”) - (P
GH GH]HPEUR GH D &RPSDQKLD DSUHVHQWDYD H[FHVVR GH
SDVVLYRV FLUFXODQWHV VREUH DWLYRV FLUFXODQWHV QR PRQWDQWH GH
5 5 GHFRUUHQWHV SULQFLSDOPHQWH GRV
VDOGRV GH GHErQWXUHV $ OLTXLGDomR GRV VDOGRV VHUi UHDOL]DGD
DWUDYpVGDJHUDomRRSHUDFLRQDOGHFDL[DHGHDSRUWHVGRVDFLRQLVWDV
(b) Apresentação das demonstrações contábeis - As
SUHVHQWHV GHPRQVWUDo}HV FRQWiEHLV IRUDP DXWRUL]DGDV
SHOD'LUHWRULDGD&RPSDQKLDGHIHYHUHLURGH
2. Resumo das principais práticas contábeis adotadas - As
SULQFLSDLV SROtWLFDV FRQWiEHLV DSOLFDGDV QD SUHSDUDomR GHVWDV
GHPRQVWUDo}HV FRQWiEHLV HVWmR GH¿QLGDV DEDL[R (VVDV SROtWLFDV
IRUDPDSOLFDGDVGHPRGRFRQVLVWHQWHQRVH[HUFtFLRVDSUHVHQWDGRV
VDOYR GLVSRVLomR HP FRQWUiULR 2.1. Base de preparação - As
GHPRQVWUDo}HV FRQWiEHLV IRUDP SUHSDUDGDV FRQIRUPH DV
SUiWLFDVFRQWiEHLVDGRWDGDVQR%UDVLOLQFOXLQGRRVSURQXQFLDPHQWRV
HPLWLGRV SHOR &RPLWr GH 3URQXQFLDPHQWRV &RQWiEHLV ³&3&´ H
HYLGHQFLDP WRGDV DV LQIRUPDo}HV UHOHYDQWHV SUySULDV GDV
GHPRQVWUDo}HV FRQWiEHLV H VRPHQWH HODV DV TXDLV HVWmR
FRQVLVWHQWHVFRPDVXWLOL]DGDVSHODDGPLQLVWUDomRQDVXDJHVWmR
$V GHPRQVWUDo}HV FRQWiEHLV IRUDP SUHSDUDGDV FRQVLGHUDQGR R
FXVWR KLVWyULFR FRPR EDVH GH YDORU (a) Caixa e equivalente de
caixa - &DL[DHHTXLYDOHQWHVGHFDL[DLQFOXHPRFDL[DRVGHSyVLWRV
EDQFiULRV H RXWURV LQYHVWLPHQWRV GH FXUWR SUD]R GH DOWD OLTXLGH]
FRPYHQFLPHQWRVRULJLQDLVGHWUrVPHVHVHFRPULVFRLQVLJQL¿FDQWH
GHPXGDQoDGHYDORU E $WLYRV¿QDQFHLURV E &ODVVL¿FDomR
$&RPSDQKLDFODVVL¿FDVHXVDWLYRV¿QDQFHLURVQRUHFRQKHFLPHQWR
LQLFLDO VRE DV VHJXLQWHV FDWHJRULDV GH HPSUpVWLPRV H UHFHEtYHLV
$ FODVVL¿FDomR GHSHQGH GD ¿QDOLGDGH SDUD D TXDO RV DWLYRV
¿QDQFHLURVIRUDPDGTXLULGRV(b.2) Empréstimos e recebíveis - Os
HPSUpVWLPRVHUHFHEtYHLVVmRFRQWDELOL]DGRVSHORFXVWRDPRUWL]DGR
XVDQGR R PpWRGR GD WD[D HIHWLYD GH MXURV 6mR FODVVL¿FDGRV RV
DWLYRV ¿QDQFHLURV QmR GHULYDWLYRV FRP UHFHELPHQWRV ¿[RV RX
GHWHUPLQiYHLV TXH QmR VmR FRWDGRV HP XP PHUFDGR DWLYR 6mR
LQFOXtGRV FRPR DWLYR FLUFXODQWH H[FHWR DTXHOHV FRP SUD]R GH
YHQFLPHQWR VXSHULRU D PHVHV DSyV D GDWD GH HPLVVmR GR
EDODQoR HVWHVVmRFODVVL¿FDGRVQRDWLYRQmRFLUFXODQWH (PGH
GH]HPEUR GH FRPSUHHQGH D UXEULFD ³&DL[D H HTXLYDOHQWHV
GH FDL[D´ 1RWD H ³&RQWDV D UHFHEHU´ 1RWD (c) Contas a
receber - $V FRQWDV D UHFHEHU VmR LQLFLDOPHQWH UHFRQKHFLGDV
SHOR YDORU MXVWR H VXEVHTXHQWHPHQWH PHQVXUDGDV SHOR FXVWR
DPRUWL]DGRFRPRXVRGRPpWRGRGDWD[DHIHWLYDGHMXURVPHQRV
D SHUGD HVWLPDGD SDUD FUpGLWRV GH OLTXLGDomR GXYLGRVD ³3(&/'´
RXLPSDLUPHQW 1DSUiWLFDVmRQRUPDOPHQWHUHFRQKHFLGDVDRYDORU
IDWXUDGR DMXVWDGR SHOD 3(&/' VH QHFHVViULD (d) Imobilizado 2 LPRELOL]DGR p PHQVXUDGR SHOR VHX FXVWR KLVWyULFR PHQRV
GHSUHFLDomR DFXPXODGD 2 FXVWR KLVWyULFR LQFOXL RV JDVWRV GLUHWDPHQWHDWULEXtYHLVjFRQVWUXomRGDLQIUDHVWUXWXUDLQFOXLQGRRVFXVWRV
GH¿QDQFLDPHQWRUHODFLRQDGRVFRPDDTXLVLomRGHDWLYRVTXDOL¿FiYHLV
2V FXVWRV VXEVHTXHQWHV VmR LQFOXtGRV QR YDORU FRQWiELO GR DWLYR
RX UHFRQKHFLGRV FRPR XP DWLYR VHSDUDGR FRQIRUPH DSURSULDGR
VRPHQWH TXDQGR IRU SURYiYHO TXH ÀXDP EHQHItFLRV HFRQ{PLFRV
SUHWHQGLGRV VmR FDSLWDOL]DGRV FRPR SDUWH GR FXVWR GR DWLYR 8. Imobilizado
TXDQGR IRU SURYiYHO TXH HOHV LUmR UHVXOWDU HP EHQHItFLRV
)HUUDPHQWDV
HFRQ{PLFRVIXWXURVSDUDDHQWLGDGHHTXHWDLVFXVWRVSRVVDPVHU
(GL¿FDo}HVH DSDUHOKRVH(TXLSGH
&RQVWUXoHP,PSRUWDomRHP 0iTXLH
PHQVXUDGRV FRP FRQ¿DQoD 'HPDLV FXVWRV GH GHErQWXUHV VmR
LQVWDODo}HV
acessórios ,QIRUPiW 0RYHLVXWHQVL. DQGDPHQWR L DQGDPHQWR L
HTXLS
7RWDO
UHFRQKHFLGRV FRPR GHVSHVD QR SHUtRGR HP TXH VmR LQFRUULGRV &XVWR
(g) Contingências para causas judiciais $V SURYLV}HV SDUD 'HSUHFLDomRDFXPXODGD
Do}HVMXGLFLDLV WUDEDOKLVWDVFtYHLVHWULEXWiULDV VmRUHFRQKHFLGDV Saldo em 1º de janeiro de 2016
TXDQGR D &RPSDQKLD WHP XPD REULJDomR SUHVHQWH RX QmR $TXLVLo}HVGHLPRELOL]DGR
IRUPDOL]DGD FRQVWUXFWLYH REOLJDWLRQ FRPR UHVXOWDGR GH HYHQWRV 7UDQVIHUrQFLDV
SDVVDGRV pSURYiYHOTXHXPDVDtGDGHUHFXUVRVVHMDQHFHVViULD (QFDUJRVFDSLWDOL]DGRV
SDUDOLTXLGDUDREULJDomR HRYDORUWLYHUVLGRHVWLPDGRFRPVHJXUDQoD 'HSUHFLDomR
FRP DPSDUR GD RSLQLmR GH VHXV FRQVXOWRUHV OHJDLV H[WHUQRV Saldo contábil
(P GH GH]HPEUR GH D &RPSDQKLD QmR SRVVXL FDXVDV &XVWR
SDVVtYHLVGHUHJLVWUR 1RWD (h) Reconhecimento de receita - 'HSUHFLDomRDFXPXODGD
$ UHFHLWD FRPSUHHQGH R YDORU MXVWR GD FRQWUDSUHVWDomR UHFHELGD Saldo em 31 de dezembro de 2016
RX D UHFHEHU SHOD SUHVWDomR GH VHUYLoRV QR FXUVR QRUPDO GDV $TXLVLo}HVGHLPRELOL]DGR
DWLYLGDGHV GD &RPSDQKLD $ UHFHLWD p DSUHVHQWDGD OtTXLGD GRV 7UDQVIHUrQFLDV
LPSRVWRV GRV DEDWLPHQWRV H GRV GHVFRQWRV$ &RPSDQKLD UHFR- (QFDUJRVFDSLWDOL]DGRV
QKHFHDUHFHLWDTXDQGRRYDORUGDUHFHLWDSRGHVHUPHQVXUDGRFRP 'HSUHFLDomR
VHJXUDQoD p SURYiYHO TXH EHQHItFLRV HFRQ{PLFRV IXWXURV ÀXDP 6DOGRFRQWiELO
SDUD D HQWLGDGH H TXDQGR FULWpULRV HVSHFt¿FRV WLYHUHP VLGR &XVWR
DWHQGLGRV SDUD DV DWLYLGDGHV GD &RPSDQKLD FRQIRUPH GHVFUL- 'HSUHFLDomRDFXPXODGD
omR D VHJXLU$ &RPSDQKLD EDVHLD VXDV HVWLPDWLYDV OHYDQGR HP Saldo em 31 de dezembro de 2017
FRQVLGHUDomR DV HVSHFL¿FDo}HV GD SUHVWDomR GH VHUYLoR (h.1) Taxas anuais de depreciação (%)
Receita de serviços - $UHFHLWDGHVHUYLoRVFRPSUHHQGHVHUYLoRV L 2PRQWDQWHGHFRQVWUXo}HVHLPSRUWDo}HVHPDQGDPHQWRIRUDPWRWDOPHQWHWUDQVIHULGRVDSyVDFRQFOXVmR
GH DUPD]HQDJHP PRQLWRUDPHQWR H PRYLPHQWDomR GH Do~FDU 9. Fornecedores e contas a pagar
j JUDQHO H HP VDFRV QDV DWLYLGDGHV GH H[SRUWDomR LPSRUWDomR (PGHGH]HPEURGHD&RPSDQKLDSRVVXLXPVDOGRGH5 ±5 UHSUHVHQWDGRSRUGHVSHVDVDGPLQLVWUDWLYDV
H FDERWDJHP K 5HFHLWD ¿QDQFHLUD $ UHFHLWD ¿QDQFHLUD p GHVSHVDVFRPDHTXLSHGHGHVHQYROYLPHQWRGRDWLYRHFRPPDWHULDLVSDUDFRQVWUXomRGDLQIUDHVWUXWXUDGRWHUPLQDODoXFDUHLUR
UHFRQKHFLGD FRQIRUPH R SUD]R GHFRUULGR XVDQGR R PpWRGR GD 10. Debêntures
WD[DHIHWLYDGHMXURV
Emissão
Valor unitário
Vencimento
Remuneração
Valor
2017
2016
*HVWmR GH ULVFR ¿QDQFHLUR. a) Considerações gerais -
5
GHIHYHUHLURGH
)DWRU&',MXURVGH DD
$ &RPSDQKLD SDUWLFLSD GH RSHUDo}HV HQYROYHQGR LQVWUXPHQWRV (P GHVHWHPEURGHD&RPSDQKLDDVVLQRXDGLWLYRFRQWUDWXDOSURUURJDQGRRYHQFLPHQWRRULJLQDOGHGHVHWHPEURGHSDUD
¿QDQFHLURVLQFOXLQGRFDL[DHHTXLYDOHQWHVGHFDL[DFRQWDVDUHFHEHU GHIHYHUHLURGH(PGHGH]HPEURGHKRXYHOLTXLGDomRGHSDUWHGRSULQFLSDOQRPRQWDQWHGH5HGRVMXURVGH5
FRQWDV D SDJDU DRV IRUQHFHGRUHV H GHErQWXUHV FRP R REMHWLYR a) Movimentação
GHDGPLQLVWUDUDGLVSRQLELOLGDGH¿QDQFHLUDGHVXDVRSHUDo}HVb)
2017
2016
Gerenciamento de riscos - $&RPSDQKLDHVWiH[SRVWDDULVFRV Saldo no início do exercício
GHOLTXLGH]HPYLUWXGHGDSRVVLELOLGDGHGHQmRWHUFDL[DVX¿FLHQWH 3DJDPHQWRSULQFLSDO
SDUDDWHQGHUVXDVQHFHVVLGDGHVRSHUDFLRQDLVDULVFRVGHPHUFDGR -XURVSURYLVLRQDGRV
GHFRUUHQWHV GH YDULDo}HV GH WD[DV GH MXURV$ &RPSDQKLD DGRWD -XURVSDJRV
SURFHGLPHQWRVGHJHVWmRGHULVFRVGHOLTXLGH]GHPHUFDGRHGH &XVWRGHWUDQVDomR
FUpGLWR DWUDYpV GH PHFDQLVPRV GR PHUFDGR ¿QDQFHLUR TXH EXV- $PRUWL]DomRGRFXVWRGHWUDQVDomR
1.335
FDPPLQLPL]DUDH[SRVLomRGRVDWLYRVHSDVVLYRVGD&RPSDQKLD 6DOGRQR¿QDOGRH[HUFtFLR
SURWHJHQGR D UHQWDELOLGDGH GRV FRQWUDWRV H GR SDWULP{QLR b) Principais compromissos assumidos. $V FOiXVXODV UHVWULWLYDV GRV FRQWUDWRV GH ¿QDQFLDPHQWR IRUDP FXPSULGDV SHOD &RPSDQKLD
c) Risco de crédito - $VRSHUDo}HVTXHVXMHLWDPD&RPSDQKLDj HPGHGH]HPEURGH
FRQFHQWUDomR GH ULVFR GH FUpGLWR UHVLGHP SULQFLSDOPHQWH QDV 11. Impostos, taxas e contribuições sociais - (P GH GH]HPEUR HPLWLGDV WRWDOPHQWH LQWHJUDOL]DGR HP PRHGD FRUUHQWH (P
FRQWDV FRUUHQWHV EDQFiULDV H DSOLFDo}HV ¿QDQFHLUDV RQGH D GHD&RPSDQKLDSRVVXLXPVDOGRGH5 ±5 GH RXWXEUR GH IRL DSURYDGR R DXPHQWR GH FDSLWDO GD
&RPSDQKLD ILFD H[SRVWD DR ULVFR GD LQVWLWXLomR ILQDQFHLUD UHSUHVHQWDGR VXEVWDQFLDOPHQWH SRU ,&06 QR TXDO HVWi HP SURFHVVR &RPSDQKLDQRPRQWDQWHGH5FRPHPLVVmRGH
HQYROYLGD 9LVDQGR JHUHQFLDU HVWH ULVFR D &RPSDQKLD PDQ- GHFRQWHVWDo}HV¿VFDLV
QRYDVDo}HVRUGLQiULDVSHODDFLRQLVWD273D$JURYLDUHQXQFLRXDR
WpP FRQWDV FRUUHQWHV EDQFiULDV H DSOLFDo}HV ¿QDQFHLUDV FRP 12. Patrimônio líquido - a) Capital social. (P GH GH]HPEUR GH VHX GLUHLWR GH SUHIHUrQFLD QD VXEVFULomR GDV Do}HV HPLWLGDV
LQVWLWXLo}HV FRQVLGHUDGDV SHOD $GPLQLVWUDomR FRPR GH SULPHLUD R FDSLWDO VRFLDO LQWHJUDOL]DGR GD &RPSDQKLD HUD GH 5 WRWDOPHQWHLQWHJUDOL]DGRHPPRHGDFRUUHQWH(PGHQRYHPEUR
OLQKD d) Risco de liquidez - $ SUHYLVmR GH ÀX[R GH FDL[D p UHSUHVHQWDGRSRU Do}HVRUGLQiULDVQRPLQDWLYDVHVHPYDORU GH IRL DSURYDGR R DXPHQWR GH FDSLWDO GD &RPSDQKLD QR
UHDOL]DGD SHOD &RPSDQKLD VHQGR VXD SURMHomR PRQLWRUDGD QRPLQDO(PGHRXWXEURGHIRLDSURYDGRRDXPHQWRGHFDSLWDO PRQWDQWHGH5FRPHPLVVmRGHQRYDVDo}HV
FRQWLQXDPHQWH D ¿P GH JDUDQWLU H DVVHJXUDU DV H[LJrQFLDV GH GD&RPSDQKLDQRPRQWDQWHGH5FRPHPLVVmRGH RUGLQiULDVSHODDFLRQLVWD273D$JURYLDUHQXQFLRXDRVHXGLUHLWR
OLTXLGH] RV OLPLWHV RX FOiXVXODV GRV FRQWUDWRV GH HPSUpVWLPR QRYDVDo}HVRUGLQiULDVSHODDFLRQLVWD273D$JURYLD6$ ³$JURYLD´ GH SUHIHUrQFLD QD VXEVFULomR GDV Do}HV HPLWLGDV WRWDOPHQWH
HFDL[DVX¿FLHQWHSDUDDWHQGLPHQWRjVQHFHVVLGDGHVRSHUDFLRQDLV UHQXQFLRX DR VHX GLUHLWR GH SUHIHUrQFLD QD VXEVFULomR GDV Do}HV LQWHJUDOL]DGRHPPRHGDFRUUHQWH(PGHGH]HPEURGH