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Financial Debt


The Financial Debt on September 30, 2017 was R$ 565 million, 30.2% lower than December 31, 2016, which registered a value of R$ 809 million.

Considering cash resources of R$ 474 million, Net Debt at the end of September 2017 was R$ 91 million, 58.8% lower than 12/31/2016, which reached R$ 222 million.

Financial Debt


Breakdown of Net Financial Debt
Foreign currency debt was R$ 426 million at September 30, 2017, compared to R$ 553 million at December 31, 2016, representing a reduction of 23.0%.

The breakdown of financial debt is represented in the table below:

Financial Debt Position in
09/30/2017
12/31/2016
(In R$ thousand) Charges Current Long Term Total Total Chg. %
Foreign Currency 4,050 184,769 237,143 452,962 553,333 -23.0%
BNDES 3,903 184,769 236,241 424,913 552,196 -23.1%
Other Institutions 147 - 902 1,049 1,137 -7.7%
Local Currency 4 22,284 117,095 139,383 255,770 -45.5%
ELETROBRÁS 4 5,152 6,040 11,196 15,061 -25.7%
FIDC - - - - 83,151 -
Social Security Entity (*) - 17,132 111,055 128,187 157,558 -18.6%
Total of Financial Debt (1) 4,054 207,053 354,238 565,345 809,103 -30.1%
Resources (2) - 473,910 - 473,910 587,180 -19.3%
Cash and Cash Equivalents - 473,910 - 473,910 587,180 -19.3%
NET DEBT (1) – (2) 4,504 (266,857) 354,238 91,435 221,923 -58.8%

(*) Note: Debt agreements with Fundação CESP which, net of R $ 128.2 million related to CPC 33 adjustment, present a zero balance in Non-Current Liabilities.

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