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Financial Debt


The Financial Debt on 03/31/2017 reached R$ 705.5 million, 12.8% lower than 12/31/2016.

Considering cash resources of R$ 680.2 million, Net Debt at the end of March 2017 was R$ 25.3 million, against R$ 221.9 million on 12/31/2016, representing a variation in the period of 88.6%.

Financial Debt


Breakdown of Net Financial Debt
Foreign currency debt was US$ 162 million as of 03/31/2017, against US$ 170 million as of 12/31/2016.

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

Financial Debt Position in
03/31/2017
12/31/2016
(In R$ thousand) Charges Current Long Term Total Total Chg.
Foreign Currency 4,594 176,755 330,667 512,016 553,333 -7.5%
BNDES 4,442 176,755 329,631 510,828 552,196 -7.5%
Other Institutions 152 - 1,036 1,188 1,137 4.5%
Local Currency 285 67,227 125,981 193,493 255,770 -24.3%
ELETROBRÁS 4 5,152 8,616 13,772 15,061 -8.6%
FIDC 281 29,793 - 30,074 83,151 -63.8%
Social Security Entity (*) - 32,282 117,365 149,647 157,558 -5.0%
Total of Financial Debt (1) - 243,982 456,648 705,509 809,103 -12.8%
Resources (2) - 680,166 - 680,166 587,180 15.8%
Cash and Cash Equivalents - 680,166 - 680,166 587,180 15.8%
NET DEBT (1) – (2) - (436,184) 456,648 25,343 221,923 -88.6%

(*) Note: debts contract with Fundação CESP which, net of the R$ 149,6 million related to adjustment CPC 33, had a zero balance in the Liabilities on 03/31/2017.


Maturities

Financial Debt
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