DOEPE 26/04/2019 - Pág. 31 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Recife, 26 de abril de 2019
Diário Oficial do Estado de Pernambuco - Poder Executivo
Ano XCVI • NÀ 78 - 31
BRK Ambiental – Região Metropolitana do Recife/Goiana SPE S.A.
&13-1
RELATÓRIO DA ADMINISTRAÇÃO – 2018: 6HQKRUHV$FLRQLVWDV 6XEPHWHPRVjDSUHFLDomRGH96DVDVGHPRQVWUDo}HV¿QDQFHLUDVUHODWLYDVDRH[HUFtFLR¿QGRHPGHGH]HPEURGHDFRPSDQKDGDVGDVQRWDVH[SOLFDWLYDVHGRSDUHFHUGRV$XGLWRUHV,QGHSHQGHQWHV3HUPDQHFHPRV
à disposição de V. Sas. para quaisquer esclarecimentos necessários. 5HFLIHGHPDUoRGH
Balanços patrimoniais em 31 de dezembro de 2018 (em milhares de reais)
ATIVO
2018
2017 PASSIVO E PATRIMÔNIO LÍQUIDO
Circulante
Circulante
&DL[DHHTXLYDOHQWHVGHFDL[D 1RWD ..........
)RUQHFHGRUHV 1RWD ..................................
&RQWDVDUHFHEHU 1RWD ..............................
(PSUpVWLPRVHILQDQFLDPHQWRV 1RWD ....
Tributos a recuperar .......................................
'HErQWXUHV 1RWD ...................................
(VWRTXHV 1RWD ........................................
6DOiULRVHHQFDUJRVVRFLDLV 1RWD ...........
3DUWHVUHODFLRQDGDV 1RWD ........................
7ULEXWRVDSDJDU ............................................
$GLDQWDPHQWRDIRUQHFHGRUHV 1RWD ..........
'LYLGHQGRVDSDJDU 1RWD E ..................
2XWURVSDVVLYRV .............................................
2XWURVDWLYRV ..................................................
Não circulante
Não circulante
&RQWDVDUHFHEHU 1RWD .............................. (PSUpVWLPRVHILQDQFLDPHQWRV 1RWD ....
Tributos a recuperar .......................................
,5H&6GLIHULGRV 1RWD D ......................
3,6H&2),16GLIHULGRV 1RWD ..............
Depósitos judiciais ..........................................
3URYLVmRSDUDFRQWLQJrQFLDV 1RWD .........
2XWURVDWLYRV ..................................................
3DUWHVUHODFLRQDGDV 1RWD .......................
,PRELOL]DGR .....................................................
,QWDQJtYHO ........................................................
Patrimônio líquido 1RWD
Capital social .................................................
5HVHUYDVGHOXFURV ........................................
Total do ativo ................................................
2018
2017
Total do passivo e patrimônio líquido .......
Demonstração das mutações do patrimônio líquido – Exercícios findos em 31 de dezembro de 2018 e 2017 (em milhares de reais)
Reservas de lucros
Capital
Reserva
Retenção Incentivos
Lucros
social
legal
de lucros
fiscais acumulados
Total
Em 1º de janeiro de 2017 ......................................................
$XPHQWRGHFDSLWDO 1RWD D ............................................
/XFUROtTXLGRGRH[HUFtFLR
&RQVWLWXLomRGHUHVHUYDV 1RWD G H I ........................
Em 31 de dezembro de 2017.................................................
/XFUROtTXLGRGRH[HUFtFLR
'LYLGHQGRVPtQLPRVREULJDWyULRV 1RWD E .......................
&RQVWLWXLomRGHUHVHUYDV 1RWD F G H .......................
Em 31 de dezembro de 2018.................................................
1RWDVH[SOLFDWLYDVjVGHPRQVWUDo}HV¿QDQFHLUDV
em 31 de dezembro de 2018
HPPLOKDUHVGHUHDLVH[FHWRTXDQGRLQGLFDGRGHRXWUDIRUPD
1 Informações gerais: $%5.$PELHQWDO±5HJLmR0HWURSROLWDQDGR
5HFLIH*RLDQD63(6$ ³&RPSDQKLD´ IRLFRQVWLWXtGDHPGHRX
WXEURGHFRPVHGHQDFDSLWDOGR(VWDGRGH3HUQDPEXFRWHQ
GRFRPRREMHWLYRDH[SORUDomRHRSHUDomRGRVVHUYLoRVGHFROHWDH
WUDWDPHQWR GH HVJRWR LQFOXLQGR VHUYLoRV FRPSOHPHQWDUHV QD 5H
JLmR0HWURSROLWDQDGR5HFLIHHQRPXQLFtSLRGH*RLDQD ³505´ QD
]RQDGD0DWD1RUWHGR(VWDGR$VHGHGD&RPSDQKLDHVWiORFDOL]D
GDQD3UDoD*RYHUQDGRU3DXOR3HVVRD*XHUUD&DEDQJD5H
FLIH3((PGHIHYHUHLURGHD&RPSDQKLDDVVLQRXFRQWUD
WRFRPD&RPSDQKLD3HUQDPEXFDQDGH6DQHDPHQWR ³&RPSHVD´
IRUPDQGR D 3DUFHULD 3~EOLFD 3ULYDGD ³333´ TXH SUHVWD VHUYLoRV
GH HVJRWDPHQWR VDQLWiULR LQFOXLQGR VHUYLoRV FRPSOHPHQWDUHV QD
505HQRPXQLFtSLRGH*RLDQDQD]RQDGD0DWD1RUWHGR(VWDGR
(PGHRXWXEURGHIRLDVVLQDGRR7HUPR$GLWLYRDRFRQ
WUDWRTXHUHYLVDDVPHWDVHREULJDo}HVGHDPEDVDVSDUWHV&RQVL
GHUDQGRDH[LVWrQFLDGHXPGLUHLWRLQFRQGLFLRQDOGHUHFHELPHQWRHP
HVSpFLHGRPRQWDQWHGRVLQYHVWLPHQWRVUHDOL]DGRVHPDWHQGLPHQWR
j,QWHUSUHWDomR7pFQLFD,&3& 5 GR&RPLWrGH3URQXQFLDPHQ
WRV&RQWiEHLV ³,&3& 5 ´ Hj2ULHQWDomR2&3&GHVVHPHV
PR &RPLWr ³2&3& ´ D &RPSDQKLD SRVVXL XP DWLYR ¿QDQFHLUR
junto à Compesa e o seu reconhecimento é efetuado em montante
HTXLYDOHQWHHSURSRUFLRQDODRVVHUYLoRVSUHVWDGRVFRPDUHVSHFWLYD
UHFHLWDGHFRQVWUXomRHFRQVLGHUDQGRDQDWXUH]DHFRPSRVLomRGD
FRUUHVSRQGHQWHUHPXQHUDomR(PGHDEULOGHD2GHEUHFKW
6$YHQGHXWRGDDVXDSDUWLFLSDomRQRFDSLWDOGD%5.$PELHQWDO
3DUWLFLSDo}HV 6$ ³%5. $PELHQWDO´ DQWHULRUPHQWH GHQRPLQDGD
2GHEUHFKW$PELHQWDO3DUWLFLSDo}HVHP6DQHDPHQWR6$ ³2$36´
SDUD %5 $PELHQWDO )XQGR GH ,QYHVWLPHQWR HP 3DUWLFLSDo}HV 0XO
WLHVWUDWpJLDXPIXQGRGHLQYHVWLPHQWRLQFRUSRUDGRQR%UDVLOHJHUL
GRSHOD%URRN¿HOG%UDVLO$VVHW0DQDJHPHQW,QYHVWLPHQWRV/WGDH
FRQWURODGR SHOD %URRN¿HOG $VVHW 0DQDJHPHQW ,QF (P GH GH
]HPEURGHHD&RPSDQKLDpSDUWHLQWHJUDQWHGR*UXSR
%URRN¿HOG ³*UXSR´ VHQGR FRQWURODGD GLUHWD GD %5. $PELHQWDO ±
3URMHWRV$PELHQWDLV6$ ³%5.3URMHWRV$PELHQWDLV´ HFRQWURODGD
LQGLUHWDGD%5.$PELHQWDO(PGHGH]HPEURGHD&RPSD
QKLDDSUHVHQWRXFDSLWDOFLUFXODQWHOtTXLGRQHJDWLYRQRPRQWDQWHGH
5 ±5 SULQFLSDOPHQWHHPIXQomRGDVGH
ErQWXUHVQRPRQWDQWHGH5FXMRYHQFLPHQWRIRLSRVWHUJD
GRSDUDMXQKRGH $GLFLRQDOPHQWHD&RPSDQKLDSUHYrDOLEH
UDomRGH5SDUDRDQRGH GH¿QDQFLDPHQWRHVWUXWX
UDGR $ DGPLQLVWUDomR GD &RPSDQKLD HQWHQGH EDVHDGD HP VXDV
SURMHo}HVTXHVXDVRSHUDo}HVSDUDRVSUy[LPRVH[HUFtFLRVVHUmR
VX¿FLHQWHV SDUD JHUDU ÀX[R GH FDL[D SRVLWLYR H FXPSULU DV REULJD
o}HVFRQWUDWXDLVH¿QDQFHLUDVEHPFRPRSDUDUHDOL]DUVHXVDWLYRV
¿VFDLVGLIHULGRV$&RPSDQKLDFRQWDFRPRDFHVVRDUHFXUVRV¿QDQ
FHLURV GH VHX DFLRQLVWD FRQWURODGRU LQGLUHWR %5. $PELHQWDO FDVR
QHFHVViULRSDUDID]HUIDFHDRVVHXVFRPSURPLVVRVGHFXUWRSUD]R
(a) Operação Lava-Jato: 'HVGHHQFRQWUDPVHHPDQGDPHQ
WRLQYHVWLJDo}HVHRXWUDVPHGLGDVOHJDLVFRQGX]LGDVSHOR0LQLVWpULR
3~EOLFR )HGHUDO QR FRQWH[WR GD FKDPDGD 2SHUDomR /DYD -DWR H
TXHHQYROYHPHPSUHVDVH[HFXWLYRVHH[H[HFXWLYRVGR*UXSR2GH
EUHFKW GR TXDO D %5. $PELHQWDO H VXDV FRQWURODGDV LQFOXLQGR D
&RPSDQKLD¿]HUDPSDUWHDWpGHDEULOGH(PGHPDLRGH
IRLKRPRORJDGRSHOD9DUD)HGHUDOGH&XULWLEDRDFRUGRGH
OHQLrQFLDFHOHEUDGRHQWUHR0LQLVWpULR3~EOLFR)HGHUDOHD2GHEUHFKW
6$holdingGR*UXSR2GHEUHFKW ³$FRUGR´ SURGX]LQGRDVVLPRV
HIHLWRVMXUtGLFRVLQHUHQWHV$%5.$PELHQWDOHVXDVFRQWURODGDVQmR
VmRVXEVFULWRUDVGRPHQFLRQDGR$FRUGRPDVHVWHEHQH¿FLDWRGDV
DV HPSUHVDV TXH LQWHJUDYDP R *UXSR 2GHEUHFKW TXDQGR GD VXD
FHOHEUDomRHPGHGH]HPEURGH'HVVDIRUPDDDGPLQLVWUD
omRHQWHQGHTXHDSyVDDTXLVLomRGD%5.$PELHQWDO3DUWLFLSDo}HV
6$SHORQRYRDFLRQLVWDFRQWURODGRU %5$PELHQWDO)XQGRGH,QYHV
WLPHQWRHP3DUWLFLSDo}HV0XOWLHVWUDWpJLD ³%5),3´ ¿QDOL]DGDHP
GHDEULOGHD%5.$PELHQWDOVXDVFRQWURODGDVLQFOXLQGRD
&RPSDQKLDHR%5),3QmRHVWmRVXMHLWRVDTXDOTXHUUHVSRQVDELOL
GDGH SHOR SDJDPHQWR GD VDQomR SHFXQLiULD SUHYLVWD QR $FRUGR H
TXH QmR Ki UD]mR SDUD GHWHUPLQDU TXH D %5. $PELHQWDO H VXDV
FRQWURODGDVGHYDPVHUDIHWDGDVSHORVUHVXOWDGRVGDVUHIHULGDVLQ
YHVWLJDo}HVHQYROYHQGRVHXDQWLJRDFLRQLVWDFRQWURODGRUVHXVGHV
GREUDPHQWRVHVXDVFRQVHTXrQFLDV(QWUHWDQWRQmRpSRVVtYHOGH
WHUPLQDU VH D %5. $PELHQWDO H VXDV FRQWURODGDV HVWDUmR HIHWLYD
PHQWHOLYUHVGRULVFRGHVHUHPHYHQWXDOPHQWHLPSDFWDGDSHODVUHIH
ULGDVLQYHVWLJDo}HVGHVGREUDPHQWRVHFRQVHTXrQFLDV$%5.$P
biental e suas controladas adotaram e continuam implementando
PHGLGDV SDUD R FRQWtQXR DSHUIHLoRDPHQWR GH VHX 3URJUDPD GH
&RPSOLDQFHFRPRREMHWLYRGHDGRWDUDVPHOKRUHVSUiWLFDVGHPHU
FDGRGHIRUPDDGHWHFWDUHWUDWDUTXDOTXHUSRWHQFLDOLQFRQIRUPLGD
GH FRQIRUPH DEDL[R GHWDOKDGR $V GHPRQVWUDo}HV ¿QDQFHLUDV GD
&RPSDQKLDQmRLQFOXHPTXDLVTXHUHIHLWRVTXHSRVVDPDGYLUGHVVH
assunto. (b) Programa de Compliance: A BRK Ambiental e suas
FRQWURODGDVLQFOXLQGRD&RPSDQKLDHVWmRFRPSURPHWLGDVHPUHDOL
]DUWRGDVDVVXDVDWLYLGDGHVFRPLQWHJULGDGHHFRPRVPDLVDOWRV
SDGU}HVpWLFRVHGHWUDQVSDUrQFLDQDLPSOHPHQWDomRGRVHX3URJUD
PDGH&RPSOLDQFHWRPDQGRSRUEDVHRWRWDOFXPSULPHQWRGHWRGDV
DVOHJLVODo}HVHUHJXODPHQWDo}HVQDFLRQDLVHLQWHUQDFLRQDLVDSOLFi
YHLVHDGRWDQGRXPDSRVWXUDGHWROHUkQFLD]HURDDWRVGHFRUUXS
omR GLVFULPLQDomR H FRPSRUWDPHQWRV DQWLpWLFRV 'HVVD IRUPD D
%5. $PELHQWDO H VXDV FRQWURODGDV HVWDEHOHFHUDP HP VXD JRYHU
QDQoD FRUSRUDWLYD D DGRomR GHVWH 3URJUDPD GH &RPSOLDQFH FRP
UHSRUWHGLUHWRSDUDD3UHVLGrQFLDGD&RPSDQKLDTXHGHWHUPLQDDV
GLUHWUL]HVTXHGHYHPRULHQWDUDVUHODo}HVLQWHUQDVHH[WHUQDVGHWR
GRVRVIXQFLRQiULRVDGPLQLVWUDGRUHVGLUHWRUHVFRQVHOKHLURVHDFLR
QLVWDV (VWH 3URJUDPD YLVD FRQVROLGDU WRGDV DV LQLFLDWLYDV SDUD D
SURPRomRHRIRUWDOHFLPHQWRGDFXOWXUDpWLFDHGDLQWHJULGDGHHSDUD
DPLWLJDomRGHULVFRVSRUPHLRGHPHFDQLVPRVGHSUHYHQomRGHWHF
omRHUHVSRVWDGHDWRVLOtFLWRVHLQGHVHMDGRVLQFOXVLYHHPVRFLHGD
GHVFRQWURODGDV$%5.$PELHQWDOpVLJQDWiULDGR3DFWR(PSUHVD
ULDOSHOD,QWHJULGDGHHFRQWUDD&RUUXSomRTXHXQHHPSUHVDVFRPR
REMHWLYRGHSURPRYHUXPPHUFDGRPDLVtQWHJURHpWLFRHHUUDGLFDUR
VXERUQRHDFRUUXSomR$%5.$PELHQWDOWDPEpPpVLJQDWiULDGR
3DFWR *OREDO GDV 1Do}HV 8QLGDV XPD LQLFLDWLYD GD 2UJDQL]DomR
GDV1Do}HV8QLGDV 218 TXHEXVFDPRELOL]DUDFRPXQLGDGHHP
SUHVDULDOLQWHUQDFLRQDOHPSUROGHXPDUHODomRPDLVSUy[LPDFRPDV
iUHDVGHGLUHLWRVKXPDQRVUHODo}HVGHWUDEDOKRPHLRDPELHQWHH
combate à corrupção. (c) Programa SOX: 1R H[HUFtFLR GH
KRXYHDFRQVROLGDomRGR3URJUDPD62;GD%5.$PELHQWDOGRTXDO
D&RPSDQKLDIRLSDUWHLQWHJUDQWHGRHVFRSRFRPDFRQWtQXDH[HFX
omRGHVWHSURJUDPDHVXDLQFRUSRUDomRjURWLQDGHWUDEDOKRDWLQJLQ
GRDVVLPD(IHWLYLGDGH2SHUDFLRQDOGRDPELHQWHGH&RQWUROHV,QWHU
QRV QR FRQWH[WR GDV REULJDo}HV GR DFLRQLVWD FRQWURODGRU GD %5.
$PELHQWDOQmRWHQGRVLGRLGHQWL¿FDGRGH¿FLrQFLDVVLJQL¿FDWLYDVRX
IUDTXH]DVPDWHULDLVHPFRQIRUPLGDGHFRPDVGLUHWUL]HVGD6HomR
GD/HL1RUWH$PHULFDQD6DUEDQHV2[OH\ ³62;´ TXHYLVDHYL
WDUGHWHFWDUHWUDWDUTXDOTXHUSRWHQFLDOLQFRQIRUPLGDGHUHODFLRQDGD
jV LQIRUPDo}HV ¿QDQFHLUDV GDV HPSUHVDV TXH FRPS}HP R *UXSR
%5.JDUDQWLQGRPDLRUFRQ¿DELOLGDGHjVVXDVGHPRQVWUDo}HV¿QDQ
ceiras. 2 Resumo das principais políticas contábeis: As princi
SDLVSROtWLFDVFRQWiEHLVDSOLFDGDVQDSUHSDUDomRGHVVDVGHPRQVWUD
o}HV¿QDQFHLUDVHVWmRGH¿QLGDVDEDL[R(VVDVSROtWLFDVIRUDPDSOL
cadas de modo consistente pela Companhia. As presentes demons
WUDo}HV ¿QDQFHLUDV IRUDP DSURYDGDV SHOD 'LUHWRULD GD &RPSDQKLD
HPGHPDUoRGH 2.1 Base de preparação: As demonstra
o}HV¿QDQFHLUDVIRUDPHODERUDGDVHHVWmRVHQGRDSUHVHQWDGDVGH
DFRUGRFRPDVSUiWLFDVFRQWiEHLVDGRWDGDVQR%UDVLOLQFOXLQGRRV
SURQXQFLDPHQWRVHPLWLGRVSHOR&RPLWrGH3URQXQFLDPHQWRV&RQWi
EHLV ³&3&´ HHYLGHQFLDPWRGDVDVLQIRUPDo}HVUHOHYDQWHVSUySULDV
GDVGHPRQVWUDo}HV¿QDQFHLUDVHVRPHQWHHODVDVTXDLVHVWmRFRQ
VLVWHQWHV FRP DV XWLOL]DGDV SHOD DGPLQLVWUDomR QD VXD JHVWmR $
SUHSDUDomR GH GHPRQVWUDo}HV ¿QDQFHLUDV UHTXHU R XVR GH FHUWDV
HVWLPDWLYDVFRQWiEHLVFUtWLFDVHWDPEpPRH[HUFtFLRGHMXOJDPHQWR
por parte da administração da Companhia no processo de aplicação
GDVSROtWLFDVFRQWiEHLV$TXHODViUHDVTXHUHTXHUHPPDLRUQtYHOGH
MXOJDPHQWR H SRVVXHP PDLRU FRPSOH[LGDGH EHP FRPR DV iUHDV
QDVTXDLVDVSUHPLVVDVHHVWLPDWLYDVVmRVLJQL¿FDWLYDVSDUDDVGH
PRQVWUDo}HV¿QDQFHLUDVHVWmRGLYXOJDGDVQD1RWD2.2 Caixa e
equivalentes de caixa: &DL[D H HTXLYDOHQWHV GH FDL[D LQFOXHP R
FDL[DHRVGHSyVLWRVEDQFiULRVGHFXUWRSUD]RGHDOWDOLTXLGH]FRP
YHQFLPHQWRVRULJLQDLVGHDWpWUrVPHVHVHFRPULVFRLQVLJQL¿FDQWH
GHPXGDQoDGHYDORU$WLYRV¿QDQFHLURV&ODVVL¿FDomR
$&RPSDQKLDFODVVL¿FDVHXVDWLYRV¿QDQFHLURVQRUHFRQKHFLPHQWR
LQLFLDOVREDFDWHJRULDHPSUpVWLPRVHUHFHEtYHLV$FODVVL¿FDomRGH
SHQGHGD¿QDOLGDGHSDUDDTXDORVDWLYRV¿QDQFHLURVIRUDPDGTXLUL
GRV2VDWLYRV¿QDQFHLURVVmRDSUHVHQWDGRVFRPRDWLYRFLUFXODQWH
H[FHWRDTXHOHVFRPSUD]RGHYHQFLPHQWRVXSHULRUDPHVHVDSyV
a data do balanço. 2.3.2 Reconhecimento e mensuração: Os em
SUpVWLPRV H UHFHEtYHLV VmR FRQWDELOL]DGRV SHOR FXVWR DPRUWL]DGR
XVDQGRRPpWRGRGDWD[DHIHWLYDGHMXURV2.3.3 Impairment de atiYRV ¿QDQFHLURV D $WLYRV ¿QDQFHLURV PHQVXUDGRV DR FXVWR
amortizado: $&RPSDQKLDDYDOLDQDGDWDGDHPLVVmRGREDODQoRVH
Demonstração do resultado
Exercícios findos em 31 de dezembro de 2018 e 2017
HPPLOKDUHVGHUHDLVH[FHWRTXDQGRLQGLFDGRGHRXWUDIRUPD
2018
2017
Operações continuadas
5HFHLWDOtTXLGDGHVHUYLoRV 1RWD D .........
&XVWRGRVVHUYLoRVSUHVWDGRV 1RWD F .....
Lucro bruto .....................................................
Despesas operacionais
*HUDLVHDGPLQLVWUDWLYDV 1RWD F ..............
Lucro operacional antes do resultado financeiro ....................................................................
Resultado financeiro 1RWD G
Receitas financeiras .........................................
Despesas financeiras .......................................
Lucro antes do IR e da CS .............................
,5H&6FRUUHQWHV 1RWD E ........................
,5H&6GLIHULGRV 1RWD E .........................
Lucro líquido do exercício .............................
Lucro básico e diluído por ação das operações continuadas atribuível aos acionistas
da Companhia durante o exercício (em R$
por ação) 1RWD E ....................................
Demonstração do resultado abrangente
Exercícios findos em 31 de dezembro de 2018 e 2017
HPPLOKDUHVGHUHDLVH[FHWRTXDQGRLQGLFDGRGHRXWUDIRUPD
2018
2017
Lucro líquido do exercício ............................
2XWURVUHVXOWDGRVDEUDQJHQWHV .......................
Total do resultado abrangente do exercício
H[LVWH HYLGrQFLD REMHWLYD GH TXH XP DWLYR ¿QDQFHLUR RX JUXSR GH
DWLYRV¿QDQFHLURVHVWiGHWHULRUDGR8PDWLYRRXJUXSRGHDWLYRV¿
nanceiros está deteriorado e as perdas por impairment são incorri
GDVVRPHQWHVHKiHYLGrQFLDREMHWLYDGHimpairment como resultado
GHXPRXPDLVHYHQWRVRFRUULGRVDSyVRUHFRQKHFLPHQWRLQLFLDOGRV
DWLYRV XP³HYHQWRGHSHUGD´ HDTXHOHHYHQWR RXHYHQWRV GHSHU
GDWHPXPLPSDFWRQRVÀX[RVGHFDL[DIXWXURVHVWLPDGRVGRDWLYR
¿QDQFHLURRXJUXSRGHDWLYRV¿QDQFHLURVTXHSRGHVHUHVWLPDGRGH
PDQHLUDFRQ¿iYHO E $WLYRVQmR¿QDQFHLURV 2VDWLYRVTXHHVWmR
VXMHLWRVjDPRUWL]DomRVmRUHYLVDGRVSDUDDYHUL¿FDomRGHimpairmentVHPSUHTXHHYHQWRVRXPXGDQoDVQDVFLUFXQVWkQFLDVLQGLFD
UHPTXHRYDORUFRQWiELOSRGHQmRVHUUHFXSHUiYHO8PDSHUGDSRU
impairmentpUHFRQKHFLGDTXDQGRRYDORUFRQWiELOGRDWLYRH[FHGH
VHXYDORUUHFXSHUiYHORTXDOUHSUHVHQWDRPDLRUYDORUHQWUHRYDORU
MXVWRGHXPDWLYRPHQRVVHXVFXVWRVGHYHQGDHRVHXYDORUHPXVR
3DUD¿QVGHDYDOLDomRGRimpairmentRVDWLYRVVmRDJUXSDGRVQRV
QtYHLVPDLVEDL[RVSDUDRVTXDLVH[LVWHPÀX[RVGHFDL[DLGHQWL¿Fi
YHLV VHSDUDGDPHQWH 8QLGDGHV *HUDGRUDV GH &DL[D ³8*&´ 2.4
Contas a receber e perdas esperadas com crédito de liquidação
duvidosa: São representadas pelos direitos a faturar decorrentes
GDVUHFHLWDVGHFRQVWUXomRGRFRQWUDWRGHFRQFHVVmRS~EOLFDUHJLV
WUDGR FRPR DWLYR ¿QDQFHLUR UHFRQKHFLGRV j PHGLGD TXH R DWLYR p
IRUPDGR(VVHVGLUHLWRVVmRDSUHVHQWDGRVQRDWLYRFLUFXODQWHHQmR
FLUFXODQWHFRPEDVHQRUHVSHFWLYRSUD]RSUHYLVWRGHUHDOL]DomRFRQ
IRUPHFRQWUDWRGHFRQFHVVmR$VFRQWDVDUHFHEHUVmRLQLFLDOPHQWH
UHFRQKHFLGDVSHORYDORUMXVWRPHQRVDVSHUGDVHVSHUDGDVFRPFUp
GLWRV GH OLTXLGDomR GXYLGRVD ³3(&/'´ , calculados com base na
DQiOLVHGRVFUpGLWRVHUHJLVWUDGRQRPRQWDQWHFRQVLGHUDGRSHODDG
PLQLVWUDomRFRPRVX¿FLHQWHSDUDFREULUSHUGDVQDVFRQWDVDUHFH
EHUTXDQGRDSOLFiYHO2.5 Estoques: Os estoques contemplam os
PDWHULDLVGHVWLQDGRVjRSHUDomRHPDQXWHQomRGRVVLVWHPDVHVmR
DYDOLDGRVDRFXVWRPpGLRGHDTXLVLomRLQIHULRUDRFXVWRGHUHSRVL
omRRXDRYDORUGHUHDOL]DomRVHQGRFODVVL¿FDGRVQRDWLYRFLUFXODQ
te. 2.6 Fornecedores: $V FRQWDV D SDJDU DRV IRUQHFHGRUHV VmR
REULJDo}HVDSDJDUSRUEHQVRXVHUYLoRVTXHIRUDPDGTXLULGRVQR
FXUVRQRUPDOGRVQHJyFLRVVHQGRFODVVL¿FDGDVQRSDVVLYRFLUFXODQ
WH2VVDOGRVVmRLQLFLDOPHQWHUHFRQKHFLGRVSHORYDORUMXVWRHVXE
VHTXHQWHPHQWHPHQVXUDGDVSHORFXVWRDPRUWL]DGRFRPRXVRGR
PpWRGRGDWD[DHIHWLYDGHMXURV(PSUpVWLPRV¿QDQFLDPHQWRV
e debêntures:6mRUHFRQKHFLGRVLQLFLDOPHQWHSHORYDORUMXVWROt
TXLGRGRVFXVWRVLQFRUULGRVQDWUDQVDomRHVmRVXEVHTXHQWHPHQWH
GHPRQVWUDGRVSHORFXVWRDPRUWL]DGR4XDOTXHUGLIHUHQoDHQWUHRV
YDORUHVFDSWDGRV OtTXLGRVGRVFXVWRVGDWUDQVDomR HRYDORUGHOL
quidação é reconhecida na demonstração do resultado durante o
SHUtRGRHPTXHRV¿QDQFLDPHQWRVHVWHMDPHPDEHUWRXWLOL]DQGRR
PpWRGRGDWD[DHIHWLYDGHMXURV$VWD[DVSDJDVQRHVWDEHOHFLPHQWR
GRV HPSUpVWLPRV ¿QDQFLDPHQWRV H GHErQWXUHV VmR UHFRQKHFLGDV
FRPRFXVWRVGDWUDQVDomRGDVUHVSHFWLYDVRSHUDo}HVXPDYH]TXH
VHMDSURYiYHOTXHXPDSDUWHRXWRGRRHPSUpVWLPRVHMDVDFDGR2V
HPSUpVWLPRV¿QDQFLDPHQWRVHGHErQWXUHVVmRFODVVL¿FDGRVFRPR
SDVVLYRFLUFXODQWHDPHQRVTXHD&RPSDQKLDWHQKDXPGLUHLWRLQ
FRQGLFLRQDOGHGLIHULUDOLTXLGDomRGRSDVVLYRSRUSHORPHQRVGR]H
PHVHVDSyVDGDWDGREDODQoR2VFXVWRVGHHPSUpVWLPRV¿QDQFLD
PHQWRVHGHErQWXUHVTXHVmRGLUHWDPHQWHDWULEXtYHLVjDTXLVLomR
FRQVWUXomR RX SURGXomR GH XP DWLYR TXDOL¿FiYHO TXH p XP DWLYR
TXHQHFHVVDULDPHQWHGHPDQGDXPSHUtRGRGHWHPSRVXEVWDQFLDO
SDUD¿FDUSURQWRSDUDVHXXVRRXYHQGDSUHWHQGLGDVVmRFDSLWDOL]D
GRVFRPRSDUWHGRFXVWRGRDWLYRTXDQGRIRUSURYiYHOTXHHOHVLUmR
UHVXOWDUHPEHQHItFLRVHFRQ{PLFRVIXWXURVHTXHWDLVFXVWRVSRVVDP
VHU PHQVXUDGRV FRP FRQ¿DQoD 'HPDLV FXVWRV VmR UHFRQKHFLGRV
FRPRGHVSHVDQRSHUtRGRTXHVmRLQFRUULGRV2.8 Imposto de renda e contribuição social diferidos: O imposto de renda e contribui
omRVRFLDOGLIHULGRVVmRFDOFXODGRVVREUHRVSUHMXt]RV¿VFDLVGRLP
SRVWRGHUHQGDEDVHQHJDWLYDGHFRQWULEXLomRVRFLDOHDGLo}HVRX
H[FOXV}HV WHPSRUiULDV $V DOtTXRWDV GHVVHV WULEXWRV GH¿QLGDV
DWXDOPHQWH SDUD GHWHUPLQDomR GHVVHV FUpGLWRV GLIHULGRV VmR GH
GHLPSRVWRGHUHQGDHGH SDUDDFRQWULEXLomRVRFLDO&RP
EDVHHPSURMHo}HVGHUHVXOWDGRVIXWXURVHODERUDGDVHIXQGDPHQWD
das em premissas internas e em cenários que podem sofrer altera
o}HVRVWULEXWRVGLIHULGRVDWLYRVVmRUHFRQKHFLGRVSRUVHUSURYiYHO
TXH R OXFUR IXWXUR WULEXWiYHO VHUi FRPSHQVDGR FRP RV VDOGRV GH
SUHMXt]RV¿VFDLVHEDVHQHJDWLYDDFXPXODGRV$&RPSDQKLDSRVVXL
REHQHItFLRGHUHGXomRGHLPSRVWRGHUHQGDHDGLFLRQDLVQmRUHVWL
WXtYHLVHPGD6XSHULQWHQGrQFLDGH'HVHQYROYLPHQWRGR1RU
GHVWH±68'(1(SDUDRSHUtRGRGHMDQHLURGHDGH]HPEURGH
2 LPSRVWR GH UHQGD H D FRQWULEXLomR VRFLDO FRUUHQWHV VmR
DSUHVHQWDGRVOtTXLGRVQRSDVVLYRTXDQGRKRXYHUPRQWDQWHVDSD
JDURXQRDWLYRTXDQGRRVPRQWDQWHVDQWHFLSDGDPHQWHSDJRVH[FH
GHPRWRWDOGHYLGRQDGDWDGRUHODWyULR2.9 Provisões: $VSURYLV}HV
SDUDDo}HVMXGLFLDLV WUDEDOKLVWDVFtYHLVHWULEXWiULDV VmRUHFRQKHFL
GDVTXDQGRD&RPSDQKLDWHPXPDREULJDomRSUHVHQWHRXQmRIRU
PDOL]DGDFRPRUHVXOWDGRGHHYHQWRVSDVVDGRV pSURYiYHOTXHXPD
Demonstração do fluxo de caixa – Exercícios findos em 31 de
dezembro de 2018 e 2017 (em milhares de reais)
2018
2017
Fluxos de caixa das atividades operacionais
Lucro antes do imposto de renda e da
contribuição social .............................................
Ajustes
'HSUHFLDomRHDPRUWL]DomR ...............................
9DORUUHVLGXDOGRDWLYRLPRELOL]DGREDL[DGR ......
3URYLV}HVSDUDFRQWLQJrQFLDV............................
0DUJHPGHOXFURGHFRQVWUXomR ........................
-XURVHYDULDo}HVPRQHWiULDVOtTXLGRV .............
9DULDo}HVQRVDWLYRVHSDVVLYRV
Contas a receber............................................
Adiantamento a fornecedores ........................
Tributos a recuperar .......................................
Estoques ........................................................
Depósitos judiciais .........................................
2XWURVDWLYRV ..................................................
Fornecedores .................................................
6DOiULRVHHQFDUJRVVRFLDLV ...........................
7ULEXWRVDSDJDU .............................................
3,6H&2),16GLIHULGRV .................................
3URYLV}HVSDUDFRQWLQJrQFLDV ........................
2XWURVSDVVLYRV .............................................
Caixa aplicado nas operações .......................
,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDOSDJRV ..
Caixa líquido aplicado nas atividades
operacionais ....................................................
Fluxo de caixa das atividades de
investimentos
$GLo}HVDRLPRELOL]DGR .....................................
$GLo}HVDRLQWDQJtYHO .......................................
Caixa líquido aplicado nas atividades de
investimentos .................................................
Fluxo de caixa das atividades de
financiamentos
,QJUHVVRVGHHPSUpVWLPRVHILQDQFLDPHQWRV ...
$PRUWL]Do}HVGHHPSUpVWLPRVHILQDQFLDPHQWRV
-XURVSDJRVGHHPSUpVWLPRVHILQDQFLDPHQWRV
&XVWRGHWUDQVDomRVREUHLQJUHVVRVGH
empréstimos e financiamentos .........................
-XURVSDJRVGHGHErQWXUHV ..............................
'LYLGHQGRVSDJRV .............................................
3DUWHVUHODFLRQDGDV ..........................................
Caixa líquido proveniente das atividades de
financiamentos ................................................
Redução líquida de caixa e equivalentes de
caixa..................................................................
Caixa e equivalentes de caixa no início do
exercício ...........................................................
Caixa e equivalentes de caixa no final do
exercício ...........................................................
$VQRWDVH[SOLFDWLYDVVmRSDUWHLQWHJUDQWH
GDVGHPRQVWUDo}HV¿QDQFHLUDV
VDtGD GH UHFXUVRV VHMD QHFHVViULD SDUD OLTXLGDU D REULJDomR H R
YDORUWLYHUVLGRHVWLPDGRFRPVHJXUDQoD$VSURYLV}HVVmRPHQVX
UDGDV SHOR YDORU SUHVHQWH GRV JDVWRV TXH GHYHP VHU QHFHVViULRV
SDUD OLTXLGDU D REULJDomR XVDQGR XPD WD[D DQWHV GH LPSRVWRV D
TXDO UHÀLWD DV DYDOLDo}HV DWXDLV GH PHUFDGR GR YDORU WHPSRUDO GR
GLQKHLURHGRVULVFRVHVSHFt¿FRVGDREULJDomR2DXPHQWRGDREUL
JDomRHPGHFRUUrQFLDGDSDVVDJHPGRWHPSRpUHFRQKHFLGRFRPR
GHVSHVD ¿QDQFHLUD 2.10 Reconhecimento da receita: A receita
FRPSUHHQGHRYDORUMXVWRGDFRQWUDSUHVWDomRUHFHELGDRXDUHFHEHU
SHODSUHVWDomRGHVHUYLoRVQRFXUVRQRUPDOGDVDWLYLGDGHVGD&RP
SDQKLD$UHFHLWDpDSUHVHQWDGDOtTXLGDGRVLPSRVWRVGRVDEDWLPHQ
tos e dos descontos. A Companhia reconhece a receita quando o
YDORUSRGHVHUPHQVXUDGRFRPVHJXUDQoDpSURYiYHOTXHEHQHIt
FLRVHFRQ{PLFRVIXWXURVVHMDPDSXUDGRVSDUDD&RPSDQKLDHTXDQ
GRFULWpULRVHVSHFt¿FRVWLYHUHPVLGRDWHQGLGRVSDUDFDGDXPDGDV
DWLYLGDGHVFRQIRUPHGHVFULomRDVHJXLU (a) Receita de serviços: O
UHVXOWDGRGDVRSHUDo}HVpDSXUDGRHPFRQIRUPLGDGHFRPRUHJLPH
FRQWiELOGHFRPSHWrQFLDGRH[HUFtFLRVHQGRDVUHFHLWDVUHIHUHQWHj
SUHVWDomRGHVHUYLoRVGHFROHWDHWUDWDPHQWRGHHVJRWRVDQLWiULR$V
UHFHLWDV DLQGD QmR IDWXUDGDV UHSUHVHQWDP UHFHLWDV LQFRUULGDV FXMR
VHUYLoRIRLSUHVWDGRPDVDLQGDQmRIRLIDWXUDGRDWpR¿QDOGHFDGD
SHUtRGR (b) Receita de construção: A receita de construção foi
HVWLPDGDFRQVLGHUDQGRRVJDVWRVLQFRUULGRVSHOD&RPSDQKLDQDIRU
PDomRGDLQIUDHVWUXWXUDGHFDGDFRQWUDWRHDUHVSHFWLYDPDUJHPGH
OXFURGHWHUPLQDGDFRPEDVHQRVFRUUHVSRQGHQWHVFXVWRVGHHQYRO
YLPHQWRGD&RPSDQKLDQDIRUPDomRGRVHXDWLYR¿QDQFHLURSUHVHQ
WHQRFRQWUDWRGHFRQFHVVmRS~EOLFD ,&3& 5 H2&3& Mi
TXHD&RPSDQKLDDGRWDFRPRSUiWLFDDWHUFHLUL]DomRGRVVHUYLoRV
GHFRQVWUXomRFRPULVFRVGHFRQVWUXomRDVVHJXUDGRVQRVFRQWUD
WRVGHSUHVWDomRGHVHUYLoRVHSRUVHJXURVHVSHFt¿FRVGHFRQVWUX
ção. A receita de construção é determinada e reconhecida de acor
GR FRP R 3URQXQFLDPHQWR 7pFQLFR ,&3& 5 H 2&3& GR
&3&±&RQWUDWRVGH&RQFHVVmRPHGLDQWHLQFRUSRUDomRGDPDUJHP
GHOXFURDRVUHVSHFWLYRVFXVWRVLQFRUULGRVQRPrVGHFRPSHWrQFLD
$PDUJHPGHOXFURXWLOL]DGDHPGHGH]HPEURGHHGH
pGH(VVDUHFHLWDpUHFRQKHFLGDMXQWDPHQWHFRPRVUHVSHFWLYRV
tributos diferidos e custos de construção na demonstração do resul
WDGRGHVXDFRPSHWrQFLDHHVWiGLUHWDPHQWHUHODFLRQDGDDRVUHV
SHFWLYRVDWLYRVIRUPDGRV FRQWDVDUHFHEHUSRUGLUHLWRVDIDWXUDU (c)
5HFHLWDGHDWLYR¿QDQFHLUR $UHFHLWDGRDWLYR¿QDQFHLURpGHFRU
UHQWHGDDWXDOL]DomRGRVGLUHLWRVDIDWXUDUFRQVWLWXtGRVSHODUHFHLWD
GH FRQVWUXomR GR DWLYR ¿QDQFHLUR FRUUHVSRQGHQWH DR FRQWUDWR GH
FRQFHVVmRS~EOLFDHGDGDDVXDQDWXUH]DHVWiVHQGRDSUHVHQWDGD
FRPR UHFHLWDV GDV RSHUDo}HV GD &RPSDQKLD (VVD DWXDOL]DomR p
FDOFXODGDFRPEDVHQDWD[DGHGHVFRQWRHVSHFt¿FDGRFRQWUDWRD
TXDOIRLGHWHUPLQDGDFRQVLGHUDQGRRVUHVSHFWLYRVULVFRVHSUHPLV
VDVGRVVHUYLoRVSUHVWDGRV$&RPSDQKLDLQLFLRXDDWXDOL]DomRGRV
GLUHLWRVDIDWXUDUDSDUWLUGRLQtFLRGDVVXDVRSHUDo}HV(d) Receita
¿QDQFHLUD $UHFHLWD¿QDQFHLUDpUHFRQKHFLGDFRQIRUPHRSUD]RGH
FRUULGRSHORUHJLPHGHFRPSHWrQFLDXVDQGRRPpWRGRGDWD[DHIHWL
YDGHMXURV2.11 PIS e COFINS diferidos: 2VDOGRUHIHUHVHjWUL
butos sobre diferença temporária da receita de construção e receita
GH DWLYR ¿QDQFHLUR 2.12 Benefícios a empregados. (a) Obrigações de aposentadoria: $ &RPSDQKLD GLVSRQLELOL]D XP SODQR GH
3UHYLGrQFLD &RPSOHPHQWDU DWUDYpV GH HQWLGDGH IHFKDGD GH 3UHYL
GrQFLD&RPSOHPHQWDU(QWLGDGHVHP¿QVOXFUDWLYRVTXHDWXDVRED
IRUPDMXUtGLFDGHVRFLHGDGHFLYLODSURYDGDSHOR0LQLVWpULRGD3UHYL