|
 |
| |
|
2000
|
|
1999
|
|
1998
|
| |
|
|
|
|
|
|
| SOURCE OF RESOURCES: |
|
|
|
|
|
|
| From
operations- |
|
|
|
Net income for the year
|
577,090
|
411,631
|
123,578
|
Expenses (revenues) not affecting working capital-
|
|
|
|
Minority interest
|
10,540
|
5,249
|
1,513
|
Depreciation
|
856,804
|
733,341
|
678,950
|
Provision for probable investment losses
|
75
|
143
|
10,513
|
Monetary and exchange variations and other charges
on noncurrent liabilities
|
146,925
|
321,702
|
56,965
|
Monetary and exchange variations and other revenues from
noncurrent assets
|
(1,033)
|
(34,554)
|
(11,103)
|
| Interest on construction
in progress |
-
|
-
|
(3,454)
|
| Realization of deferred
income |
(3,670)
|
(3,788)
|
(5,594)
|
| Loss on disposal
of property, plant and equipment |
44,801
|
50,631
|
51,067
|
| Other |
10
|
(4,737)
|
(2,468)
|
| |
|
|
|
| |
1,631,542
|
1,479,618
|
899,967
|
| |
|
|
|
| From third parties- |
|
|
|
| Increase
in noncurrent liabilities- |
|
|
|
Taxes and contributions
|
125,882
|
-
|
18,904
|
Loans and financing
|
555,084
|
318,543
|
82,414
|
Pension Plan
|
-
|
-
|
369,087
|
Other liabilities
|
1,417
|
3,896
|
2,940
|
Donations and grants for investments
|
749
|
316
|
152
|
Transfer of noncurrent to current assets
|
29,010
|
10,511
|
36,532
|
Investment reduction
|
-
|
2,264
|
-
|
Disposal of property, plant and equipment
|
9,611
|
9,352
|
38,589
|
Increase in deferred income
|
3,576
|
2,143
|
20,749
|
Sale of shares
|
2,838
|
3,781
|
-
|
Subscription of capital of subsidiary by new partners
|
133,309
|
-
|
-
|
| |
|
|
|
| Total sources of funds |
2,493,018
|
1,830,424
|
1,469,334
|
| |
|
|
|
| |
|
|
|
| USES OF FUNDS: |
|
|
|
| Increase in noncurrent
assets |
231,773
|
186,592
|
177,224
|
| Decrease in noncurrent
liabilities- |
|
|
|
| Taxes and contributions |
-
|
80,038
|
-
|
| Pension plan - Telos |
-
|
62,726
|
-
|
| Additions to investment |
210,593
|
-
|
21,515
|
| Additions to property,
plant and equipment |
1,420,187
|
1,727,775
|
1,073,308
|
| Proposed dividends
and interest on capital |
214,170
|
166,208
|
80,884
|
| Repurchase of shares |
5,047
|
44,586
|
-
|
| Prior year adjustment |
-
|
-
|
89,207
|
| Transfer of noncurrent
to current liabilities |
279,151
|
305,748
|
117,662
|
| Other |
1,916
|
-
|
-
|
| |
|
|
|
| Total uses of funds |
2,362,837
|
2,573,673
|
1,559,800
|
| |
|
|
|
| INCREASE (DECREASE) IN NET
WORKING CAPITAL |
130,181
|
(743,249)
|
(90,466)
|
| |
|
|
|
| |
|
VARIATIONS OF NET WORKING
CAPITAL:
|
| |
|
|
|
|
|
|
| CURRENT ASSETS: |
|
|
|
|
|
|
| At beginning of
the year |
2,213,880
|
2,229,140
|
1,544,519
|
| At end of the year |
3,399,485
|
2,213,880
|
2,229,140
|
| |
|
|
|
| |
1,185,605
|
(15,260)
|
684,621
|
| |
|
|
|
| CURRENT LIABILITIES: |
|
|
|
| At beginning of
the year |
2,556,537
|
1,828,548
|
1,053,461
|
| At end of the year |
3,611,961
|
2,556,537
|
1,828,548
|
| |
|
|
|
| |
1,055,424
|
727,989
|
775,087
|
| |
|
|
|
| INCREASE (REDUCTION)
IN NET WORKING CAPITAL |
130,181
|
(743,249)
|
(90,466)
|
| |
|
|
|
|
|
|
 |
The accompanying notes are an integral
part of these financial statements.
|
