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Financial Debt

Profile
The Financial Debt on September 30, 2018 was R$ 311,9 million, 20.2% less than December 31, 2017, which registered a value of R$ 390.6 million.

Considering Cash resources of R$ 473.6 million, Net Debt at the end of September 2018 was surplus in R$ 161.6 million (against a debt of positive R$ 80.1 million on 12/31/2017).

Dívida Financeira


Composition of Net Financial Debt

Foreign currency debt was US$ 75.9 million at September 30, 2018, against US$ 114.5 million on December 31, 2017.

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 3,112 254,828 45,946 303,886 378,777 -19.8%
BNDES 2,923 254,828 44,688 302,439 377,764 -19.9%
Other Institutions 189 - 1,258 1,447 1,013 42.8%
Local Currency 2 5,152 889 6,043 9,907 -39.0%
ELETROBRÁS 2 5,152 889 6,043 9,907 -39.0%
Other Debts - 204 1,787 1,991 1,957 1.7%
Social Security Entity - 204 1,787 1,991 1,957 1.7%
Total of Financial Debt (1) 3,114 260,185 48,622 311,920 390,641 -20.2%
Resources (2) - 473,567 - 473,567 310,536 52.5%
Availabilities - 473,567 - 473,567 310,536 52.5%
NET DEBT (1) – (2) 3,114 (213,383) 48,622 (161,647) 80,105 -

(*) Note: debt contracts with Fundação Cesp which, based on the actuarial valuation carried out by an independent actuary, following the criteria determined by CPC 33, presented a zero balance in current and noncurrent liabilities on 09/30/2018 and 12/31/2017.

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