DOEPE 18/04/2020 - Pág. 41 - Poder Executivo - Diário Oficial do Estado de Pernambuco
Recife, 18 de abril de 2020
Diário Oficial do Estado de Pernambuco - Poder Executivo
Ano XCVII • NÀ 72 - 41
... continuação - Companhia Hidro Elétrica do São Francisco - CNPJ 33.541.368/0001-16 - Companhia Aberta
±&3& 5 ,)56$UUHQGDPHQWRV
$&RPSDQKLDDGRWRXDVQRUPDVGR&3& 5 ±2SHUDo}HVGH$UUHQGDPHQWR0HUFDQWLO ,)56 TXHHQWURXHPYLJRUDSDUWLUGH
1 GH MDQHLUR GH $ &RPSDQKLD QmR HVWHQGHX D DSOLFDomR DRV UHTXHULPHQWRV H[LJLGRV SHOD QRUPD SDUD R SHUtRGR FRPSDUDWLYR
DSUHVHQWDGRYLVWRTXHDQRUPDQmRH[LJHDSUHVHQWDomRUHWURDWLYD
23URQXQFLDPHQWR7pFQLFR&3& 5 ,)56LQGX]XPPRGHOR~QLFRGHFRQWDELOL]DomRGHDUUHQGDPHQWRVQREDODQoRSDWULPRQLDO
SDUDDUUHQGDWiULRV8PDUUHQGDWiULRUHFRQKHFHXPDWLYRGHGLUHLWRGHXVRTXHUHSUHVHQWDRVHXGLUHLWRGHXWLOL]DURDWLYRDUUHQGDGRHP
XPSDVVLYRGHDUUHQGDPHQWRTXHUHSUHVHQWDDVXDREULJDomRGHHIHWXDUSDJDPHQWRVGRDUUHQGDPHQWR
,VHQo}HVGHUHFRQKHFLPHQWRVmRSRVVtYHLVQRVFDVRVGHDUUHQGDPHQWRVGHFXUWRSUD]RHSDUDRVTXDLVRDWLYRVXEMDFHQWHpGHEDL[R
YDORU
$GLFLRQDOPHQWHRUHIHULGRSURQXQFLDPHQWRVXEVWLWXLDGHVSHVDOLQHDUGHDUUHQGDPHQWRSHORFXVWRGHGHSUHFLDomRGHDWLYRVREMHWRVGH
GLUHLWRGHXVRGHVVHVFRQWUDWRVHSHODGHVSHVDGHMXURVVREUHDVREULJDo}HVGHDUUHQGDPHQWRjVWD[DVHIHWLYDVGHFDSWDomRYLJHQWHVj
pSRFDGDFRQWUDWDomRGHVVDVWUDQVDo}HV
$ DGRomR GR &3& 5 GHYLGR D LPDWHULDOLGDGH GRV YDORUHV HQYROYLGRV HP FRQWUDWRV GH DUUHQGDPHQWRV QmR SURYRFRX HIHLWRV
UHOHYDQWHVQDVGHPRQVWUDo}HV¿QDQFHLUDVLQGLYLGXDLVHFRQVROLGDGDVGD&RPSDQKLD
$VHJXLUGHPRQVWUDPRVRLPSDFWRGDDGRomRLQLFLDOGR&3& 5 ,)56QDVGHPRQVWUDo}HV¿QDQFHLUDVHPGHMDQHLURGHEHP
FRPRHP
$WLYRVGHGLUHLWRGHXVR
2EULJDo}HVSRUDUUHQGDPHQWRVPHUFDQWLV
6DOGRVHPGHMDQHLURGH
$WLYR
3DVVLYR
6DOGRVHPGHGH]HPEURGH
$WLYR
3DVVLYR
±,&3&,)5,&±,QFHUWH]DVVREUH7UDWDPHQWRGH7ULEXWRVVREUHD5HQGD
(VWD,QWHUSUHWDomRHVFODUHFHFRPRDSOLFDURVUHTXLVLWRVGHUHFRQKHFLPHQWRHPHQVXUDomRGR&3&TXDQGRKiLQFHUWH]DVREUHRV
WUDWDPHQWRVGRLPSRVWRGHUHQGDVREUHROXFUR$,QWHUSUHWDomRUHTXHUTXHD&RPSDQKLD GHWHUPLQHVHSRVLo}HV¿VFDLVLQFHUWDVVmR
DYDOLDGDVVHSDUDGDPHQWHRXFRPRXPJUXSRH DYDOLHVHpSURYiYHOTXHDDXWRULGDGH¿VFDODFHLWHDXWLOL]DomRGHWUDWDPHQWR¿VFDO
LQFHUWRRXSURSRVWDGHXWLOL]DomRSHOD&RPSDQKLD(PFDVRSRVLWLYRDHQWLGDGHGHYHGHWHUPLQDUVXDSRVLomR¿VFDOHFRQWiELOHPOLQKD
FRPRWUDWDPHQWR¿VFDOXWLOL]DGRRXDVHUXWLOL]DGRQDVVXDVGHFODUDo}HVGHLPSRVWRGHUHQGD(PFDVRQHJDWLYRD&RPSDQKLDGHYH
UHÀHWLURHIHLWRGDLQFHUWH]DQDGHWHUPLQDomRGDVXDSRVLomR¿VFDOHFRQWiELO$&RPSDQKLDDYDOLRXRVUHTXHULPHQWRVGDQRUPDHQmR
LGHQWL¿FRXLPSDFWRTXDQGRGDVXDDGRomRHPGHMDQHLURGH
1DSUHSDUDomRGDVSUHVHQWHVGHPRQVWUDo}HV¿QDQFHLUDVD&RPSDQKLDDGRWRXHVWLPDWLYDVHSUHPLVVDVEDVHDGDQDH[SHULrQFLDHHP
RXWURVIDWRUHVTXHHQWHQGHFRPRUD]RiYHLVHUHOHYDQWHVSDUDDVXDDGHTXDGDDSUHVHQWDomR$LQGDTXHHVVDVHVWLPDWLYDVHSUHPLVVDV
VHMDP SHUPDQHQWHPHQWH PRQLWRUDGDV H UHYLVWDV SHOD &RPSDQKLD D PDWHULDOL]DomR VREUH R YDORU FRQWiELO GH DWLYRV H SDVVLYRV H GH
UHVXOWDGRGDVRSHUDo}HVVmRLQFHUWRVSRUGHFRUUHUGRXVRGHMXOJDPHQWR
1RTXHVHUHIHUHjVHVWLPDWLYDVFRQWiEHLVDYDOLDGDVFRPRVHQGRDVPDLVFUtWLFDVD&RPSDQKLDIRUPDVHXVMXOJDPHQWRVVREUHHYHQWRV
IXWXURVYDULiYHLVHSUHPLVVDVFRPRDVHJXLU
$WLYRVHSDVVLYRV¿VFDLVGLIHULGRVVmRFDOFXODGRVHUHFRQKHFLGRVXWLOL]DQGRVHDVDOtTXRWDVDSOLFiYHLVjVHVWLPDWLYDVGHOXFUR
WULEXWiYHOSDUDFRPSHQVDomRQRVDQRVHPTXHHVVDVGLIHUHQoDVWHPSRUiULDVHRVSUHMXt]RV¿VFDLVGHLPSRVWRGHUHQGDHEDVHV
QHJDWLYDVGHFRQWULEXLomRVRFLDODFXPXODGRVGHYHUmRVHUUHDOL]DGRV
2VSUHMXt]RV¿VFDLVHEDVHQHJDWLYDQmRSUHVFUHYHPHVXDFRPSHQVDomR¿FDUHVWULWDDROLPLWHGHGROXFURWULEXWiYHOJHUDGR
HP GHWHUPLQDGR H[HUFtFLR ¿VFDO$V HVWLPDWLYDV GH OXFUR WULEXWiYHO VmR EDVHDGDV QR SODQR HVWUDWpJLFR GD &RPSDQKLD UHYLVDGR
SHULRGLFDPHQWH(QWUHWDQWRROXFURWULEXWiYHOIXWXURSRGHVHUPDLRURXPHQRUTXHDVHVWLPDWLYDVFRQVLGHUDGDVTXDQGRGDGH¿QLomRGD
QHFHVVLGDGHGHUHJLVWUDURXQmRRPRQWDQWHGRDWLYR¿VFDOGLIHULGR
3URYLV}HV6mRUHFRQKHFLGDVTXDQGRXPHYHQWRJHUDXPDREULJDomRIXWXUDFRPSUREDELOLGDGHSURYiYHOGHVDtGDGHUHFXUVRVHVHX
YDORUSRGHVHUHVWLPDGRFRPVHJXUDQoD'HVWDIRUPDRYDORUFRQVWLWXtGRFRPRSURYLVmRpDPHOKRUHVWLPDWLYDGHOLTXLGDomRGHXPD
SURYiYHOREULJDomRQDGDWDGDVGHPRQVWUDo}HV¿QDQFHLUDVOHYDQGRHPFRQVLGHUDomRRVULVFRVHLQFHUWH]DVUHODFLRQDGRV
$VSURYLV}HVVmRUHYLVDGDVHDMXVWDGDVSDUDOHYDUHPFRQWDDOWHUDo}HVQDVFLUFXQVWkQFLDVWDLVFRPRSUD]RGHSUHVFULomRDSOLFiYHO
RXH[SRVLo}HVDGLFLRQDLVLGHQWL¿FDGDVFRPEDVHHPQRYRVDVVXQWRVRXGHFLV}HVGHWULEXQDLV2VUHVXOWDGRVUHDLVSRGHPGLIHULUGDV
HVWLPDWLYDV
&RQWUDWRVRQHURVRVREULJDo}HVSUHVHQWHVUHVXOWDQWHVGHFRQWUDWRVRQHURVRVVmRUHFRQKHFLGDVHPHQVXUDGDVFRPRSURYLV}HV
8PFRQWUDWRRQHURVRH[LVWHTXDQGRRVFXVWRVLQHYLWiYHLVSDUDVDWLVID]HUDVREULJDo}HVGRFRQWUDWRH[FHGHPRVEHQHItFLRVHFRQ{PLFRV
TXHVHHVSHUDPTXHVHMDPUHFHELGRVDRORQJRGRPHVPRFRQWUDWR$&RPSDQKLDXWLOL]DVHGHSUHPLVVDVUHODFLRQDGDVDRVFXVWRVH
EHQHItFLRVHFRQ{PLFRVGHFDGDFRQWUDWRSDUDDGHWHUPLQDomRGDH[LVWrQFLDRXQmRGHXPFRQWUDWRRQHURVR
2PRQWDQWHUHODWLYRDRSHUtRGRGHORQJRSUD]RHVWiUHFRQKHFLGRDYDORUSUHVHQWHFRPEDVHHPWD[DGHGHVFRQWRSyVLPSRVWRV
DSURYDGRVSHODDGPLQLVWUDomR
$ HVWLPDWLYD FUtWLFD QD GHWHUPLQDomR GR PRQWDQWH GH SURYLVmR SDUD D YHQGD IXWXUD GR FRQWUDWR p R 3UHoR GH /LTXLGDomR GDV
'LIHUHQoDV3/'GHFRUUHQWHGRVHVWXGRVGDiUHDGHFRPHUFLDOL]DomRDSURYDGRSHORVLVWHPD(OHWUREUDVFRPRSUHPLVVDSDUDR
FiOFXORGDSURYLVmRGRFRQWUDWRRQHURVRH[FOXVLYDPHQWHSDUD¿QVFRQWiEHLVDVVLPFRPRDWD[DGHGHVFRQWRSDUDRVÀX[RVGHFDL[D2V
YDORUHVUHDLVGR3/'HRXGRVHOHPHQWRVFRQVLGHUDGRVGHQWURGDWD[DGHGHVFRQWRDRORQJRGRVDQRVSRGHPVHUVXSHULRUHVRX
LQIHULRUHVDRVGDVSUHPLVVDVXWLOL]DGDVSHOD&RPSDQKLD
%HQHItFLRVDHPSUHJDGRV
%HQHItFLRVGHFXUWRSUD]R
2EULJDo}HVGHEHQHItFLRVGHFXUWRSUD]RDHPSUHJDGRVVmRUHFRQKHFLGDVFRPRGHVSHVDVGHSHVVRDOFRQIRUPHRVHUYLoRFRUUHVSRQGHQWH
VHMD SUHVWDGR 2 SDVVLYR p UHFRQKHFLGR SHOR PRQWDQWH GR SDJDPHQWR HVSHUDGR FDVR D &RPSDQKLD WHQKD XPD REULJDomR OHJDO RX
FRQVWUXWLYD SUHVHQWH GH SDJDU HVVH PRQWDQWH HP IXQomR GH VHUYLoR SDVVDGR SUHVWDGR SHOR HPSUHJDGR H D REULJDomR SRVVD VHU
HVWLPDGDGHPDQHLUDFRQ¿iYHO
%HQHItFLRVSyVHPSUHJR
D 2EULJDo}HVGHDSRVHQWDGRULD
$VREULJDo}HVSRUFRQWULEXLo}HVDRVSODQRVGHFRQWULEXLomRGH¿QLGDVmRUHFRQKHFLGDVQRUHVXOWDGRFRPRGHVSHVDVFRPSHVVRDOTXDQGR
RVVHUYLoRVUHODFLRQDGRVVmRSUHVWDGRVSHORVHPSUHJDGRV$VFRQWULEXLo}HVSDJDVDQWHFLSDGDPHQWHVmRUHFRQKHFLGDVFRPRXPDWLYR
QDH[WHQVmRHPTXHXPUHVVDUFLPHQWRGHFDL[DRXXPDUHGXomRHPIXWXURVSDJDPHQWRVHVWHMDGLVSRQtYHO
$REULJDomROtTXLGDTXDQWRDRVSODQRVGHEHQHItFLRGH¿QLGRpFDOFXODGDLQGLYLGXDOPHQWHSDUDFDGDSODQRDWUDYpVGDHVWLPDWLYDGRYDORU
GREHQHItFLRIXWXURTXHRVHPSUHJDGRVUHFHEHUmRFRPRUHWRUQRSHORVVHUYLoRVSUHVWDGRVQRSHUtRGRDWXDOHHPSHUtRGRVDQWHULRUHV
(VVH EHQHItFLR p GHVFRQWDGR SDUD GHWHUPLQDU R VHX YDORU SUHVHQWH 4XDLVTXHU FXVWRV GH VHUYLoRV SDVVDGRV QmR UHFRQKHFLGRV H RV
YDORUHVMXVWRVGHTXDLVTXHUDWLYRVGRSODQRVmRGHGX]LGRV
2FiOFXORGDREULJDomRGHSODQRGHEHQHItFLRGH¿QLGRpUHDOL]DGRDQXDOPHQWHSRUXPDWXiULRTXDOL¿FDGRXWLOL]DQGRRPpWRGRGHFUpGLWR
XQLWiULRSURMHWDGR4XDQGRRFiOFXORUHVXOWDHPXPSRWHQFLDODWLYRSDUDD&RPSDQKLDRDWLYRDVHUUHFRQKHFLGRpOLPLWDGRDRYDORU
SUHVHQWH GRV EHQHItFLRV HFRQ{PLFRV GLVSRQtYHLV QD IRUPD GH UHHPEROVRV IXWXURV GR SODQR RX UHGXomR QDV IXWXUDV FRQWULEXLo}HV DR
SODQR3DUDFDOFXODURYDORUSUHVHQWHGRVEHQHItFLRVHFRQ{PLFRVVmROHYDGDVHPFRQVLGHUDomRTXDLVTXHUH[LJrQFLDVGHFXVWHLRPtQLPDV
DSOLFiYHLV
9DORUUHFXSHUiYHOGHDWLYRVGHORQJDGXUDomR±$$GPLQLVWUDomRGD&RPSDQKLDDGRWDYDULiYHLVHSUHPLVVDVHPWHVWHGHGHWHUPLQDomR
GHUHFXSHUDomRGHDWLYRVGHORQJDGXUDomRSDUDGHWHUPLQDomRGRYDORUUHFXSHUiYHOGHDWLYRVHUHFRQKHFLPHQWRGH impairment,
TXDQGRQHFHVViULR1HVWDSUiWLFDVmRDSOLFDGRVMXOJDPHQWRVEDVHDGRVQDH[SHULrQFLDQDJHVWmRGRDWLYRFRQMXQWRGHDWLYRVRX
XQLGDGHJHUDGRUDGHFDL[DTXHSRGHPHYHQWXDOPHQWHQmRVHYHUL¿FDUQRIXWXURLQFOXVLYHTXDQWRjYLGD~WLOHFRQ{PLFDHVWLPDGDTXH
UHSUHVHQWDDVSUiWLFDVGHWHUPLQDGDVSHOD$QHHODSOLFiYHLVDRVDWLYRVYLQFXODGRVjFRQFHVVmRGRVHUYLoRS~EOLFRGHHQHUJLDHOpWULFD
TXHSRGHPYDULDUHPGHFRUUrQFLDGDDQiOLVHSHULyGLFDGRSUD]RGHYLGD~WLOHFRQ{PLFDGHEHQVHPYLJRU7DPEpPLPSDFWDPQD
GHWHUPLQDomRGDVYDULiYHLVHSUHPLVVDVXWLOL]DGDVQDGHWHUPLQDomRGRVÀX[RVGHFDL[DIXWXURGHVFRQWDGRVSDUD¿QVGHUHFRQKHFLPHQWR
GRYDORUUHFXSHUiYHOGHDWLYRVGHORQJDGXUDomRGLYHUVRVHYHQWRVLQWULQVHFDPHQWHLQFHUWRV'HQWUHHVVHVHYHQWRVGHVWDFDPVH
DPDQXWHQomRGRVQtYHLVGHFRQVXPRGHHQHUJLDHOpWULFDDWD[DGHFUHVFLPHQWRGDDWLYLGDGHHFRQ{PLFDGRSDtVDGLVSRQLELOLGDGH
GHUHFXUVRVKtGULFRVDOpPGDTXHODVLQHUHQWHVDR¿PGRVSUD]RVGHFRQFHVVmRGHVHUYLoRVS~EOLFRVGHHQHUJLDHOpWULFDGHWLGDV
SHOD&RPSDQKLDHPHVSHFLDOTXDQWRDRYDORUGHVXDUHYHUVmRDR¿QDOGRSUD]RGHFRQFHVVmR1HVWHSRQWRIRLDGRWDGDDSUHPLVVD
GHLQGHQL]DomRFRQWUDWXDOPHQWHSUHYLVWDTXDQGRDSOLFiYHOSHORPHQRUHQWUHRYDORUFRQWiELOUHVLGXDOH[LVWHQWHQR¿QDOGRSUD]RGDV
FRQFHVV}HVGHHQHUJLDHOpWULFDHRYDORUQRYRGHUHSRVLomR
2EULJDo}HVDWXDULDLV$VREULJDo}HVDWXDULDLVVmRGHWHUPLQDGDVSRUFiOFXORVDWXDULDLVHODERUDGRVSRUDWXiULRVLQGHSHQGHQWHVH
RVUHVXOWDGRVUHDLVIXWXURVGDVHVWLPDWLYDVFRQWiEHLVXWLOL]DGDVQHVWDV'HPRQVWUDo}HV)LQDQFHLUDVSRGHPVHUGLVWLQWRVVREYDULiYHLV
SUHPLVVDVHFRQGLo}HVGLIHUHQWHVGDTXHODVH[LVWHQWHVHXWLOL]DGDVQDpSRFDGRMXOJDPHQWR
9LGD~WLOGRVEHQVGRLPRELOL]DGR±$&RPSDQKLDXWLOL]DRVFULWpULRVGH¿QLGRVQDUHVROXomR$1((/QoGHDWXDOL]DGD
SHOD5HVROXomRQoGHQDGHWHUPLQDomRGDYLGD~WLOHVWLPDGDGRVEHQVGRDWLYRLPRELOL]DGR
'H¿QLomRGHFRQWUROHHFRQWUROHFRPSDUWLOKDGRQDGHWHUPLQDomRGDVFRQWURODGDVFRQWURODGDVHPFRQMXQWRVHFROLJDGDV
E &DL[DHHTXLYDOHQWHVGHFDL[D
&DL[DHHTXLYDOHQWHVGHFDL[DLQFOXHPVDOGRVGHFDL[DGHSyVLWRVEDQFiULRVjYLVWDHDVDSOLFDo}HV¿QDQFHLUDVFRPOLTXLGH]LPHGLDWDRX
VHMDSURQWDPHQWHFRQYHUVtYHLVHPXPPRQWDQWHFRQKHFLGRGHFDL[DHTXHHVWmRVXMHLWDVDXPLQVLJQL¿FDQWHULVFRGHPXGDQoDGHYDORU
E 2XWUDVREULJDo}HVSyVHPSUHJR
F &RQWDVDUHFHEHUGHFOLHQWHV
$&RPSDQKLDVXEVLGLDSDUWHGRVSUrPLRVGHFRUUHQWHVGHXPDDSyOLFHGHVHJXURGHYLGDSDUDRVHPSUHJDGRVDWLYRV2VH[HPSUHJDGRV
DSRVHQWDGRV TXH RSWDUDP SRU SHUPDQHFHU YLQFXODGRV D HVVD DSyOLFH SDJDP LQWHJUDOPHQWH R SUrPLR TXH p HVWDEHOHFLGR GH IRUPD
FROHWLYDSDUDWRGDDPDVVDGHDWLYRVHLQDWLYRV7RGDYLDGDGDVDVFDUDFWHUtVWLFDVHWiULDVGDVPDVVDVSRSXODFLRQDLVGHDWLYRVHLQDWLYRV
RFiOFXORDWXDULDOGRSUrPLRVHJUHJDGRDWULEXtYHOjPDVVDLQDWLYDLGHQWL¿FDDH[LVWrQFLDGHXPVXEVtGLRSyVHPSUHJRLQGLUHWRSDJRSHOD
&RPSDQKLD(VVDVREULJDo}HVVmRDYDOLDGDVDQXDOPHQWHSRUDWXiULRVLQGHSHQGHQWHVHRVJDQKRVHSHUGDVDWXDULDLVGHFRUUHQWHVGH
DMXVWHVFRPEDVHQDH[SHULrQFLDHHPPXGDQoDVGHSUHPLVVDVDWXDULDLVVmRGHELWDGRVRXFUHGLWDGRVGLUHWDPHQWHQRSDWULP{QLROtTXLGR
outros resultados abrangentesQRSHUtRGRHPTXHRFRUUHP
$V FRQWDV D UHFHEHU GH FOLHQWHV VmR GHFRUUHQWHV GD YHQGD GH HQHUJLD GD GLVSRQLELOL]DomR GR VLVWHPD GH WUDQVPLVVmR GH VHUYLoRV
SUHVWDGRV DFUpVFLPRV PRUDWyULRV H RXWURV DWp R HQFHUUDPHQWR GR H[HUFtFLR FRQWDELOL]DGRV FRP EDVH QR UHJLPH GH FRPSHWrQFLD H
DMXVWDGRVDYDORUSUHVHQWH
$ SURYLVmR SDUD FUpGLWRV GH OLTXLGDomR GXYLGRVD p FRQVWLWXtGD HP PRQWDQWH FRQVLGHUDGR VX¿FLHQWH SHOD $GPLQLVWUDomR SDUD FREULU
HYHQWXDLVSHUGDVQDUHDOL]DomRGHVVDVFRQWDVDUHFHEHU
5HVXOWDGRSRUDomR
G 7tWXORVHYDORUHVPRELOLiULRV
2UHVXOWDGRSRUDomREiVLFRpFDOFXODGRSRUPHLRGRUHVXOWDGRGRSHUtRGRDWULEXtYHODRVGHWHQWRUHVGHDo}HVRUGLQiULDVHSUHIHUHQFLDLVH
QDPpGLDSRQGHUDGDGHDo}HVHPFLUFXODomRQRUHVSHFWLYRSHUtRGR2UHVXOWDGRSRUDomRGLOXtGRpFDOFXODGRSRUPHLRGDTXDQWLGDGHGDV
Do}HVHPFLUFXODomRDMXVWDGDSHORVLQVWUXPHQWRVSRWHQFLDOPHQWHFRQYHUVtYHLVHPDo}HVFRPHIHLWRGLOXLGRUQRVSHUtRGRVDSUHVHQWDGRV
QRVWHUPRVGR&3&HGDIAS
$V DSOLFDo}HV ¿QDQFHLUDV HP /HWUDV GR 7HVRXUR 1DFLRQDO ± /71 H 1RWDV GR 7HVRXUR 1DFLRQDO 171 VpULHV % H ) VmR PDQWLGDV
SDUD QHJRFLDomR HP IXQGR GH LQYHVWLPHQWR H[FOXVLYR FRQIRUPH UHJXODPHQWDomR HP YLJRU 2V GHPDLV WtWXORV H YDORUHV PRELOLiULRV
FRUUHVSRQGHQWHVDPHQRUSDUWHHVWmRUHODFLRQDGRVD7tWXORVGD'tYLGD$JUiULD±7'$H1RWDVGR7HVRXUR1DFLRQDO±171VpULH3
FRPYHQFLPHQWRVGH¿QLGRVSDUDRVTXDLVD&RPSDQKLDWHPDLQWHQomRGHPDQWHUDWpRYHQFLPHQWR6mRUHJLVWUDGRVSHORFXVWRGH
DTXLVLomR DFUHVFLGR SRU MXURV H DWXDOL]DomR PRQHWiULD FRP LPSDFWRV QR UHVXOWDGR H VmR DMXVWDGRV DR YDORU SURYiYHO GH UHDOL]DomR
TXDQGRDSOLFiYHO
'LVWULEXLomRGHGLYLGHQGRV
$SROtWLFDGHUHFRQKHFLPHQWRFRQWiELOGHGLYLGHQGRVHVWiHPFRQVRQkQFLDFRPDVQRUPDVSUHYLVWDVQRV&3& IAS H,&3& 5
DVTXDLVGHWHUPLQDPTXHRVGLYLGHQGRVSURSRVWRVDVHUHPSDJRVHTXHHVWHMDPIXQGDPHQWDGRVHPREULJDo}HVHVWDWXWiULDVGHYHPVHU
UHJLVWUDGRVQRSDVVLYRFLUFXODQWH
2HVWDWXWRVRFLDOGD&RPSDQKLDHVWDEHOHFHTXHQRPtQLPRGROXFUROtTXLGRDQXDOVHMDPGLVWULEXtGRVDWtWXORGHGLYLGHQGRV
'HVVHPRGRQRHQFHUUDPHQWRGRH[HUFtFLRVRFLDOHDSyVDVFRPSHQVDo}HVGHSUHMXt]RVDFXPXODGRVHDVGHYLGDVGHVWLQDo}HVOHJDLVD
&RPSDQKLDUHJLVWUDSURYLVmRHTXLYDOHQWHDRGLYLGHQGRPtQLPRREULJDWyULRQRSDVVLYRFLUFXODQWHHRVGLYLGHQGRVSURSRVWRVH[FHGHQWHV
DRPtQLPRREULJDWyULRFRPRGLYLGHQGRDGLFLRQDOSURSRVWRQRSDWULP{QLROtTXLGR
2VGLYLGHQGRVQmRUHFODPDGRVQRSUD]RGHWUrVDQRVVmRUHYHUWLGRVSDUDD&RPSDQKLDFRQIRUPHSUHYLVmROHJDO
'HPDLV3UiWLFDV&RQWiEHLV
D (VWLPDWLYDVHMXOJDPHQWRVFRQWiEHLVFUtWLFRV
H &DXo}HVHGHSyVLWRVYLQFXODGRV
$V FDXo}HV H GHSyVLWRV YLQFXODGRV UHIHUHPVH D JDUDQWLDV SUHVWDGDV D LQVWLWXLo}HV ¿QDQFHLUDV H HP OHLO}HV GH HQHUJLD HOpWULFD H
GHSyVLWRVMXGLFLDLVYLQFXODGRVDSURFHVVRVH[LVWHQWHVQDVHVIHUDVMXGLFLDOHDGPLQLVWUDWLYDHVWmRUHJLVWUDGDVDRFXVWRDFUHVFLGRVGRV
UHVSHFWLYRVUHQGLPHQWRVDXIHULGRVDWpDGDWDGREDODQoR
I $WLYRVLQGH[DGRV
2VDWLYRVLQGH[DGRVHVWmRDWXDOL]DGRVDWpDGDWDGREDODQoRHRVGHPDLVGHPRQVWUDGRVDRFXVWRGHGX]LGRVGHHYHQWXDLVSURYLV}HV
SDUDSHUGDV
J &RQWUDWRGHFRQFHVVmRGHVHUYLoRVS~EOLFRs
$WLYRGHFRQWUDWRpXPGLUHLWRGD&RPSDQKLDjFRQWUDSUHVWDomRHPWURFDGHEHQVRXVHUYLoRVTXHDHQWLGDGHWUDQVIHULXDRFOLHQWH6HD
&RPSDQKLDFRQFOXLURGHVHPSHQKRSRUPHLRGDWUDQVIHUrQFLDGHEHQVRXVHUYLoRVDRFOLHQWHDQWHVTXHRFOLHQWHSDJXHDFRQWUDSUHVWDomR
RXDQWHVTXHRSDJDPHQWRVHMDGHYLGRD&RPSDQKLDGHYHDSUHVHQWDURFRQWUDWRFRPRDWLYRGHFRQWUDWRH[FOXLQGRTXDLVTXHUYDORUHV
Companhia Hidro Elétrica do São Francisco - Continua...