Indebtedness Aumentar Diminuir

Financial Debt

Financial Debt on September 30, 2016 was R$ 1,112.6 million, 33.9% less than December 31, 2015.

Taking into consideration cash, cash equivalents and FIDC Subordinated Quotas of R$ 693.3 million, the Net Debt at the end of September 2016 was R$ 419.3 million.

Financial Debt


Breakdown of Net Financial Debt

Foreign currency debt was US$ 188 million on September 30, 2016, including charges up to that date (US$ 266 million on December 31, 2015).

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

Financial Debt Position in
09/30/2016
12/31/2015
(In R$ thousand) Charges Current Long Term Total Total Chg.
Foreign Currency 5,551 173,975 430,323 609,849 862,495 -29.3%
BNDES 5,395 173,975 429,596 608,966 860,878 -29.3%
Other 156 - 727 883 1,617 -45.4%
Local Currency 5 5,152 11,192 16,349 20,214 -19.1%
ELETROBRÁS 5 5,152 11,192 16,349 20,214 -19.1%
Other Debts 1,264 435,482 49,652 486,398 800,157 -39.2%
FIDC 1,264 137,568 - 138,832 309,322 -55.1%
Social Security Entity (*) - 297,914 49,652 347,566 490,835 -29.2%
Total of Financial Debt (1) 6,820 614,609 491,167 1,112,596 1,682,866 -33.9%
Resources (2) - 631,100 62,152 693,252 640,116 8.3%
Cash and Cash Equivalents FIDC Subordinated Quotas - 631,100 62,152 693,252 640,116 8.3%
NET DEBT (1) – (2) 6,820 16,491 429,015 419,344 1,042,750 -59.8%

(*) Note: Debt Agreements with CESP Foundation, net of R$ 347.6 million for the CPC setting 33 have zero balance in non-current liabilities on 09.30.2016. Subsequent events: on Oct/16 an addendum to the BSPS debt confession agreement was signed with Fundação CESP, extending the maturity to 2027.


Maturities

Financial Debt
-