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Financial Debt

Profile

The Financial Debt at June 30, 2018 was R$ 337,4 million, 13.6% less than December 31, 2017, which registered a value of R$ 390.6 million.

Considering cash resources of R$ 508.7 million, Net Debt at the end of June 2018 was R$ 171.3 million, (against positive R$ 80.1 million on 12/31/2017).

Dívida Financeira


Composition of Net Financial Debt

Foreign currency debt was US$ 85.1 million at June 30, 2018, against US$ 114.5 million at December 31, 2017, representing a reduction of 25.7%.

The composition of the financial debt is represented by the following table:

Financial Debt Position in
06/30/2018
12/31/2017
(In R$ thousand) Charges Current Long Term Total Total Chg. %
Foreign Currency 1,090 240,921 86,118 328,129 378,777 -13.4%
BNDES 1,008 240,941 85,001 326,930 377,764 -13.5%
Other Institutions 82 - 117 1,199 1,013 18.4%
Local Currency 2 5,152 2,176 7,330 9,907 -26.0%
ELETROBRÁS 2 5,152 2,176 7,330 9,907 -26.0%
Other Debts - 198 1,779 1,977 1,957 1.0%
FIDC - - - - - -
Social Security Entity (*) - 198 1,779 1,977 1,957 1.0%
Total of Financial Debt (1) 1,092 246,271 90,073 337,436 390,641 -13.6%
Resources (2) - 508,713 - 508,713 310,536 63.8%
Availabilities - 508,713 - 508,713 310,536 63.8%
NET DEBT (1) – (2) 1,092 (262,442) 90,073 (171,277) 80,105 -

(*) Note: debt agreements with Fundação Cesp which, based on the actuarial valuation performed by an independent actuary, following the criteria determined by CPC 33, presented a zero balance in current and noncurrent liabilities on 06/30/2018 and 12/31/2017.

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