DIÁRIO OFICIAL DA INDÚSTRIA E COMÉRCIO
Porto Alegre, sexta-feira, 27 de fevereiro de 2015
5(/$7Ï5,2'$$'0,1,675$d26UV$FLRQLVWDV$,QYHVWSUHY6HJXURVH3UHYLGrQFLD6$HPFXPSULPHQWRjVGLVSRVLo}HVOHJDLVHHVWDWXWiULDVFRORFDPjGLVSRVLomRGH96DVSDUDDSUHFLDomRDV'HPRQVWUDo}HV)LQDQFHLUDV3DUHFHUGRV$XGLWRUHV,QGHSHQGHQWHVHR3DUHFHU$WXDULDOUHODWLYRVDRH[HUFtFLRGH'(6(03(1+2(&21Ð0,&2±),1$1&(,52$HPSUHVDDSUHVHQWRXQRH[HUFtFLRGH
XPOXFUROtTXLGRGH5VHLVFHQWRVHQRYHQWDHFLQFRPLOHPFRQWUDSDUWLGDDXPSUHMXt]RGH5RLWRPLOK}HVHTXDWURFHQWRVHTXDUHQWDHGRLVPLOQRH[HUFtFLRGH$PHOKRUDQRUHVXOWDGRGHYHVHDXPLQFUHPHQWRGHUHFHLWDRULXQGRGDRSHUDomRGR&RQVyUFLR'SYDWFRPLQtFLRHPMDQHLURGHDVVRFLDGDDDGRomRGHXPDSROtWLFDGHUHGXomRGHFXVWRVPDLVDJUHVVLYD2OXFUROtTXLGRIRLXWLOL]DGR
SDUDDEVRUomRGRVSUHMXt]RVDFXPXODGRVQmRRFRUUHQGRGLVWULEXLomRGHGLYLGHQGRVQHVWHH[HUFtFLR3DUDD,QYHVWSUHYWHYHFRPRREMHWLYRPDQWHURIRFRQDFRPHUFLDOL]DomRGRVSODQRVSUHYLGHQFLiULRVQDV
PRGDOLGDGHVGHSHF~OLRHUHQGD1RHQWDQWRLQWHQVL¿FDUiRVLQYHVWLPHQWRVQRGHVHQYROYLPHQWRGRVUHFXUVRVKXPDQRVDSULPRUDQGRDVIHUUDPHQWDVGHFRPHUFLDOL]DomRHUHODFLRQDPHQWRFRPRFDQDOFRUUHWRU$
DGPLQLVWUDomRGD&RPSDQKLDYLVDQGRXPDPHOKRULDQRVVHXVVLVWHPDVGHLQIRUPDomRLQYHVWLXHPXPQRYRVRIWZDUHSDUDDJHVWmRGHVHJXURVHSUHYLGrQFLDTXHGHYHUiHQWUDUHPSURGXomRDWpDEULOGH
)$725(/(9$17($6XSHULQWHQGrQFLDGH6HJXURV3ULYDGRVQDGDWDGHGH$JRVWRGHSRUPHLRGD3RUWDULD686(3QGHFUHWRXD,QWHUYHQomR([WUDMXGLFLDO2UHJLPHGHLQWHUYHQomRYLJRURX
SHORSUD]ROHJDOGHPHVHVVHQGRHQFHUUDGDSHOD686(3QRGLDGHIHYHUHLURGH1RGLDGHIHYHUHLURGHRVDGPLQLVWUDGRUHVHOHLWRVHKRPRORJDGRVSHOD686(3IRUDPUHFRQGX]LGRVDRV
VHXVUHVSHFWLYRVFDUJRV2FRQWUROHDFLRQiULRGDFRPSDQKLDpGHWLGRSHOR%DQFR5XUDO6$±(0/,48,'$d2(;75$-8',&,$/$VVLPR/LTXLGDQWHGR%DQFR5XUDO6$(/(IRLDXWRUL]DGRSHOR%DQFR
&HQWUDOGR%UDVLODDOLHQDUDSDUWLFLSDomRDFLRQiULDGHWLGDQDFRPSDQKLDDWUDYpVGHXPOHLOmRS~EOLFRDVHUGHVLJQDGR'(&/$5$d2'(&$3$&,'$'(),1$1&(,5$(PDWHQomRj&LUFXODU686(3Q
GHGHMDQHLURGHHDOWHUDo}HVSRVWHULRUHVGHFODUDPRVTXHDHPSUHVDSRVVXLFDSDFLGDGH¿QDQFHLUDFRPSDWtYHOFRPDVVXDVRSHUDo}HV&216,'(5$d®(6),1$,65HD¿UPDPRVQRVVDFUHQoD
QRFRPSRUWDPHQWRpWLFRUHVSHLWDQGRDV/HLVH'LUHWUL]HVTXHQRUWHLDPQRVVDDWLYLGDGHTXHVmRRVEDOL]DGRUHVGHQRVVDDWXDomRQDGLUHomRGD(PSUHVD3RUWR$OHJUHGHIHYHUHLURGH$'LUHWRULD
,19(6735(96(*8526
(35(9,'Ç1&,$6$
CNPJ 17.479.056/0001-73 - NIRE 4330005359-8
%DODQoRV3DWULPRQLDLVGHGH]HPEURGHHGHGH]HPEUR(PPLOKDUHVGHUHDLV
$7,92
&,5&8/$17(
',6321Ë9(/
&DL[DH%DQFRV
$3/,&$d®(6
&5e',726'$623(5$d®(6
&206(*8526(5(66(*8526
3UrPLRVD5HFHEHU
&5e',726'$623(5$d®(6&20
35(9,'Ç1&,$&203/(0(17$5
9DORUHVD5HFHEHU
2XWURV&UpGLWRV2SHUDFLRQDLV
$7,92'(5(66(*852(5(752&(662
3529,6®(67e&1,&$6
7Ë78/26(&5e',726$5(&(%(5
7tWXORVH&UpGLWRVD5HFHEHU
&UpGLWRV7ULEXWiULRVH3UHYLGHQFLiULRV
'HSyVLWRV-XGLFLDLVH)LVFDLV
2XWURV&UpGLWRV
2875269$/25(6(%(16
%HQVD9HQGD
2XWURV9DORUHV
'(63(6$6$17(&,3$'$6
55
12/2014 12/2013
65.470 51.206
$7,9212&,5&8/$17(
5($/,=È9(/$/21*235$=2
$3/,&$d®(6
7Ë78/26(&5e',726$5(&(%(5
'HSyVLWRV-XGLFLDLVH)LVFDLV
,19(67,0(1726
3DUWLFLSDo}HV6RFLHWiULDV
,PyYHLV'HVWLQDGRVD5HQGD
2XWURVLQYHVWLPHQWRV
,02%,/,=$'2
%HQV0yYHLV
2XWUDV,PRELOL]Do}HV
,17$1*Ë9(/
2XWURV,QWDQJtYHLV
24.313
11.979
727$/'2$7,92
89.783
63.185
3$66,92
&,5&8/$17(
&217$6$3$*$5
2EULJDo}HVDSDJDU
Impostos e encargos sociais a recolher
(QFDUJRVWUDEDOKLVWDV
(PSUpVWLPRVH¿QDQFLDPHQWRV
,PSRVWRVHFRQWULEXLo}HV
2XWUDVFRQWDVDSDJDU
'e%,726'(23(5$d®(6&20
6(*8526(5(66(*8526
2SHUDo}HVFRPUHVVHJXUDGRUDV
&RUUHWRUHVGHVHJXURVHUHVVHJXURV
2XWURVGpELWRVRSHUDFLRQDLV
'e%,726'(23(5$d®(6&20
35(9,'Ç1&,$&203/(0(17$5
'pELWRVGHUHVVHJXURV
2XWURVGpELWRVRSHUDFLRQDLV
'(3Ï6,726'(7(5&(,526
3529,6®(67e&1,&$6±6(*8526
3(662$6
9,'$,1',9,'8$/
9,'$&20&2%(5785$325
62%5(9,9Ç1&,$
3529,6®(67e&1,&$6±
35(9,'Ç1&,$&203/(0(17$5
3/$126%/248($'26
3/$12612%/248($'26
3*%/35*3
3$66,9212&,5&8/$17(
&217$6$3$*$5
7ULEXWRVGLIHULGRV
(PSUpVWLPRVH¿QDQFLDPHQWRV
35297e&±35(9,'&203/(0(17$5
3/$126%/248($'26
3/$12612%/248($'26
287526'e%,726
3URYLV}HVMXGLFLDLV
3$75,0Ð1,2/Ë48,'2
&DSLWDOVRFLDO
$XPHQWRGHFDSLWDOHPDSURYDomR
5HVHUYDVGHFDSLWDO
Reservas de lucros
$MXVWHGHDYDOLDomRSDWULPRQLDO
/XFURVRXSUHMXt]RVDFXPXODGRV
727$/'23$66,92(3$75,0/Ë48,'2
12/2014 12/2013
59.075
30.989
136
2
13.577
17.131
89.783
15.757
16.440
63.185
'HPRQVWUDo}HVGDV0XWDo}HVGR3DWULP{QLR/LTXLGR([HUFtFLRV¿QGRVHPGHGH]HPEURGHHGHGH]HPEURGH
(PPLOKDUHVGHUHDLV
$XP 5HV 5HVHUYDV 5HVHUYDV $MXVWHFRP /XFURVRX
Capital
de
de
de
de 7tWH9DORUHV 3UHMXt]RV
Social Cap. Capital
5HDYDO
/XFURV 0RELOLiULRV
$FXPXO
Total
6$/'26$17(5,25(6(0
15.200
4
1.170
19
- 16.392
$-867(6'((;(5&Ë&,26$17(5,25(6
1
1
$80(1725('8d2'(&$3,7$/
7Ë78/26(9$/2(602%,/,È5,26
(11)
(11)
5(68/7$'2/,48,'2'23(5,2'2
3523267$3$%625d235(-8,=26
7UDQVIHUrQFLDVSDUD5HVHUYDV
5HVHUYDOHJDO
5HVHUYDV(VWDWXWiULDV
6$/'26),1$,6(0
6$/'26$17(5,25(6(0
$80(1725('8d2'(&$3,7$/
7Ë78/26(9$/2(602%,/,È5,26
5(68/7$'2/,48,'2'23(5,2'2
6$/'26),1$,6(0
1RWDV([SOLFDWLYDVDV'HPRQVWUDo}HV)LQDQFHLUDV([HUFtFLR¿QGRHPGHGH]HPEURGH(PPLOKDUHVGHUHDLV
1. Contexto operacional: A Investprev Seguros e Previdência S.A. (doravante “Companhia”), controlada pelo Banco Rural S.A., é uma
VRFLHGDGHGHFDSLWDOIHFKDGRFRP¿QVOXFUDWLYRVFRPDXWRQRPLDDGPLQLVWUDWLYDH¿QDQFHLUDHWHPFRPRREMHWLYRVRFLDORSHUDUHPDWLYLGDGHVGHSUHYLGrQFLDFRPSOHPHQWDUUHQGDHSHF~OLREHPFRPRGHVHJXURVGRUDPRYLGDHPJHUDOQRWHUULWyULRQDFLRQDO$&RPSDQKLD
HVWiORFDOL]DGDQD$Y&DUORV*RPHV±DQGDU6DOD3RUWR$OHJUH±5LR*UDQGHGR6XO%UDVLO(PGHGH]HPEURGH
D&RPSDQKLDPDQWpPDPHVPDHVWUXWXUDGRFRQWUROHDFLRQiULRRXVHMDGR%DQFR5XUDO6$2EMHWLYDQGRDODYDQFDUVXDVRSHUDções no mercado, a Investprev criou planos de seguro de vida e acidentes pessoais nas modalidades de contratação individual e coletiva.
6mRSODQRVGHVHJXURVFRPFREHUWXUDVGHPRUWHHLQYDOLGH]YROWDGDVWDQWRSDUDSHVVRDVItVLFDVTXDQWRMXUtGLFDV2XWURSRQWRLPSRUWDQWH
DVHUUHVVDOWDGRpTXHD&RPSDQKLDYHPLPSOHPHQWDQGRXPDSROtWLFDGHRWLPL]DomRGHFXVWRVFRPYLVWDVDPHOKRUDUDUHQWDELOLGDGH$
&RPSDQKLDHVWiH[SRVWDDULVFRVTXHVmRSURYHQLHQWHVGHVXDVRSHUDo}HVHTXHSRGHPDIHWDUVHXVREMHWLYRVHVWUDWpJLFRVH¿QDQFHLURV
(VVDVGHPRQVWUDo}HV¿QDQFHLUDVIRUDPDSURYDGDVSHOR&RQVHOKRGD'LUHWRULDHPGHIHYHUHLURGH2. Elaboração e apresentaomRGDVGHPRQVWUDo}HV¿QDQFHLUDVD'HFODUDomRGHFRQIRUPLGDGH(PGHMDQHLURGHD686(3HPLWLXD&LUFXODUQ
TXHGLVS}HVREUHDVDOWHUDo}HVGDVQRUPDVFRQWiEHLVDVHUHPREVHUYDGDVSHODVHQWLGDGHVDEHUWDVGHSUHYLGrQFLDFRPSOHPHQWDUVRFLHGDGHVGHFDSLWDOL]DomRVRFLHGDGHVVHJXUDGRUDVHUHVVHJXUDGRUDVORFDLVSURGX]LQGRHIHLWRVUHODWLYDPHQWHDSURFHGLPHQWRVFRQWiEHLVD
SDUWLUGHGHMDQHLURGH(VVDFLUFXODUKRPRORJDRVSURQXQFLDPHQWRVWpFQLFRVHPLWLGRVSHOR&RPLWrGH3URQXQFLDPHQWRV&RQWiEHLV
&3&HUHYRJDD&LUFXODU686(3Q'HVWDIRUPDDVGHPRQVWUDo}HV¿QDQFHLUDVIRUDPHODERUDGDVFRQIRUPHRVGLVSRVLWLYRV
GD&LUFXODU686(3QRVSURQXQFLDPHQWRVWpFQLFRVDVRULHQWDo}HVHDVLQWHUSUHWDo}HVHPLWLGDVSHOR&RPLWrGH3URQXQFLDPHQWRV &RQWiEHLV &3& H QRUPDV GR &RQVHOKR 1DFLRQDO GH 6HJXURV 3ULYDGRV &163 GRUDYDQWH ³SUiWLFDV FRQWiEHLV DGRWDGDV QR
%UDVLODSOLFiYHLVjVLQVWLWXLo}HVDXWRUL]DGDVDIXQFLRQDUSHOD686(3´$&RPSDQKLDHIHWXRXDVHJUHJDomRGHLWHQVSDWULPRQLDLVHQWUH
DWLYRHSDVVLYRFLUFXODQWHTXDQGRHVWHVDWHQGHPjVVHJXLQWHVSUHPLVVDV(VSHUDVHTXHVHMDUHDOL]DGRRXSUHWHQGHVHTXHVHMDYHQGLGRRXFRQVXPLGRQRGHFXUVRQRUPDOGRFLFORRSHUDFLRQDOGD&RPSDQKLDPHVHV(VWiPDQWLGRHVVHQFLDOPHQWHFRPRSURSyVLWRGH
VHUQHJRFLDGRH(VSHUDVHTXHVHMDUHDOL]DGRDWpGR]HPHVHVDSyVDGDWDGREDODQoR7RGRVRVLWHQVTXHQmRDWHQGHPDRH[SRVWR
DFLPDIRUDPFODVVL¿FDGRVFRPR³QmRFLUFXODQWHV´E%DVHSDUDPHQVXUDomR$VGHPRQVWUDo}HV¿QDQFHLUDVIRUDPHODERUDGDVGHDFRUGRFRPRFXVWRKLVWyULFRFRPH[FHomRDRVVHJXLQWHVLWHQVQREDODQoRSDWULPRQLDO,QVWUXPHQWRV¿QDQFHLURVPHQVXUDGRVSHORYDORU
MXVWRSRUPHLRGRUHVXOWDGR3URYLV}HVWpFQLFDVPHQVXUDGDVGHDFRUGRFRPDVGHWHUPLQDo}HVGD686(3F&RPSDUDELOLGDGHAs
GHPRQVWUDo}HV¿QDQFHLUDVHVWmRVHQGRDSUHVHQWDGDVFRPLQIRUPDo}HVFRPSDUDWLYDVGHSHUtRGRVDQWHULRUHVFRQIRUPHGLVSRVLo}HVGR
&3& 5 H LQVWUXo}HV GR yUJmR UHJXODGRU 3DUD R EDODQoR SDWULPRQLDO H GHPDLV SHoDV D &RPSDQKLD XWLOL]RXVH GDV LQIRUPDo}HV
FRQVWDQWHVQRSHUtRGR¿QGRLPHGLDWDPHQWHSUHFHGHQWHGHGH]HPEURGHG&RQWLQXLGDGHA Companhia possui recursos para
dar continuidade em suas operações no futuro e, portanto, a mensuração e a apresentação dos componentes do patrimônio levam em
FRQWDHVVDFLUFXQVWkQFLD$GLFLRQDOPHQWHD$GPLQLVWUDomRQmRWHPRFRQKHFLPHQWRGHQHQKXPDLQFHUWH]DPDWHULDOTXHSRVVDJHUDUG~YLGDV VLJQL¿FDWLYDV VREUH D FDSDFLGDGH GH FRQWLQXDU RSHUDQGR 3RUWDQWR DV GHPRQVWUDo}HV ¿QDQFHLUDV IRUDP SUHSDUDGDV FRP EDVH
QHVVHSULQFtSLRH0RHGDIXQFLRQDOHGHDSUHVHQWDomR$VGHPRQVWUDo}HV¿QDQFHLUDVIRUDPHODERUDGDVHPUHDLV5TXHpDPRHGD
IXQFLRQDOGD&RPSDQKLDHHVWmRVHQGRDSUHVHQWDGDVHPPLOKDUHVGHUHDLVH[FHWRTXDQGRLQGLFDGRGHRXWUDIRUPD$&RPSDQKLDQmR
SRVVXLDWLYRVHSDVVLYRVPRQHWiULRVGHQRPLQDGRVHPPRHGDHVWUDQJHLUDQDGDWDGRIHFKDPHQWRGREDODQoRI8VRGHHVWLPDWLYDVH
MXOJDPHQWRV$SUHSDUDomRGHGHPRQVWUDo}HV¿QDQFHLUDVGHDFRUGRFRPDVQRUPDVKRPRORJDGDVSHOD686(3H[LJHTXHD$GPLQLVWUDomRUHJLVWUHGHWHUPLQDGRVYDORUHVGHDWLYRVSDVVLYRVUHFHLWDVHGHVSHVDVFRPEDVHHPHVWLPDWLYDDVTXDLVVmRHVWDEHOHFLGDVDSDUWLU
GHMXOJDPHQWRVHSUHPLVVDVTXDQWRDHYHQWRVIXWXURV2VYDORUHVUHDLVGHOLTXLGDomRGDVRSHUDo}HVSRGHPGLYHUJLUGHVVDVHVWLPDWLYDV
HPIXQomRGDVXEMHWLYLGDGHLQHUHQWHDRSURFHVVRGHVXDGHWHUPLQDomRSRUpPGHYHVHUPHGLGRHPEDVHVFRQ¿iYHLVSDUDTXHDVGHPRQVWUDo}HVFRQWiEHLVQmRVHMDPSUHMXGLFDGDV4XDQGRHQWUHWDQWRQmRSXGHUVHUIHLWDXPDHVWLPDWLYDUD]RiYHORLWHPQmRGHYHVHUUHFRQKHFLGRQDGHPRQVWUDomRFRQWiELO(VWLPDWLYDVHSUHPLVVDVVmRUHYLVWDVSHULRGLFDPHQWH5HYLV}HVFRPUHODomRDHVWLPDWLYDVFRQWiEHLVVmR
UHFRQKHFLGDVQRSHUtRGRHPTXHDVHVWLPDWLYDVVmRUHYLVDGDVHHPTXDLVTXHUSHUtRGRVIXWXURVDIHWDGRV5HVXPRGDVSULQFLSDLV
práticas contábeis: $VSULQFLSDLVSUiWLFDVFRQWiEHLVXWLOL]DGDVQDSUHSDUDomRGDVGHPRQVWUDo}HV¿QDQFHLUDVHVWmRGHPRQVWUDGDVDVHJXLU(VVDVSROtWLFDVIRUDPDSOLFDGDVFRQVLVWHQWHPHQWHSDUDWRGRVRVSHUtRGRVFRPSDUDWLYRVDSUHVHQWDGRVD&ODVVL¿FDomRGRVFRQWUDWRVGHVHJXURVHGHLQYHVWLPHQWR$VSULQFLSDLVGH¿QLo}HVGDVFDUDFWHUtVWLFDVGHXPFRQWUDWRGHVHJXURHVWmRGHVFULWDVQRSURQXQFLDPHQWRWpFQLFR&3&±&RQWUDWRVGHVHJXURVHPLWLGRSHOR&RPLWrGH3URQXQFLDPHQWRV&RQWiEHLV$OpPGLVVRD6XSHULQWHQGrQFLD
GH6HJXURV3ULYDGRV±686(3HVWDEHOHFHXFULWpULRVSDUDLGHQWL¿FDomRGHXPFRQWUDWRGHVHJXUR$GH¿QLomRGHXPFRQWUDWRGHVHJXURp
TXDQGRD&RPSDQKLDDFHLWDXPULVFRGHXPDFRQWHFLPHQWRIXWXURHLQFHUWRHPWURFDGDLQGHQL]DomRDRVHJXUDGREHQH¿FLiULRFDVRHVWH
ULVFRRFRUUD2VFRQWUDWRVGHUHVVHJXURWDPEpPVmRWUDWDGRVGDPHVPDIRUPDFRPRFRQWUDWRVGHVHJXURVSRUWUDQVIHULUHPULVFRGHVHJXURVLJQL¿FDWLYR1HVVHFRQWH[WRD$GPLQLVWUDomRSURFHGHXjVGHYLGDVDQiOLVHVGRVFRQWUDWRVHPLWLGRVFRPEDVHQDVQRUPDVVXSUDFLWDGDVHQmRLGHQWL¿FRXFRQWUDWRVFODVVL¿FDGRVFRPRFRQWUDWRVGHLQYHVWLPHQWRVE&DL[DHHTXLYDOHQWHVGHFDL[DIncluem caixa, saldos
SRVLWLYRVHPFRQWDPRYLPHQWRDSOLFDo}HV¿QDQFHLUDVUHVJDWiYHLVFXMRYHQFLPHQWRGDVRSHUDo}HVVHMDLJXDORXLQIHULRUDGLDVHQWUHD
GDWDGHDTXLVLomRHYHQFLPHQWRHFRPULVFRLQVLJQL¿FDQWHGHPXGDQoDGHVHXYDORUGHPHUFDGRHTXHQmRDIHWHPDYLQFXODomRFRPDWLYRV
garantidores. F,QVWUXPHQWRV)LQDQFHLURV$WLYRV¿QDQFHLURV$&RPSDQKLDFODVVL¿FDVHXVDWLYRV¿QDQFHLURVQDVVHJXLQWHVFDWHJRULDV
9DORUMXVWRSRUPHLRGRUHVXOWDGR0DQWLGRVDWpRYHQFLPHQWR'LVSRQtYHLVSDUDYHQGDH(PSUpVWLPRVHUHFHEtYHLV$FODVVL¿FDomR
GHQWUHDVFDWHJRULDVpGH¿QLGDSHOD$GPLQLVWUDomRQRPRPHQWRLQLFLDOHGHSHQGHGDHVWUDWpJLDSHODTXDORDWLYRIRLDGTXLULGR$WLYRV¿QDQFHLURVGHVLJQDGRVDYDORUMXVWRSRUPHLRGRUHVXOWDGR8PDWLYR¿QDQFHLURpFODVVL¿FDGRSHORYDORUMXVWRSRUPHLRGRUHVXOWDGRFDVR
VHMDFODVVL¿FDGRFRPRPDQWLGRSDUDQHJRFLDomRHVHMDGHVLJQDGRFRPRWDOQRPRPHQWRGRUHFRQKHFLPHQWRLQLFLDO$&RPSDQKLDJHUHQFLD
WDLVLQYHVWLPHQWRVHWRPDGHFLV}HVGHFRPSUDHYHQGDEDVHDGDVHPVHXVYDORUHVMXVWRVGHDFRUGRFRPDJHVWmRGHULVFRVHHVWUDWpJLD
GHLQYHVWLPHQWRV(VVHVDWLYRVVmRPHGLGRVSHORYDORUMXVWRHPXGDQoDVQRYDORUMXVWRGHVVHVDWLYRVVmRUHFRQKHFLGDVQRUHVXOWDGRGR
H[HUFtFLR$WLYRV¿QDQFHLURVPDQWLGRVDWpRYHQFLPHQWR6mRFODVVL¿FDGRVQHVVDFDWHJRULDFDVRD$GPLQLVWUDomRWHQKDLQWHQomRHD
FDSDFLGDGH GH PDQWHU HVVHV DWLYRV ¿QDQFHLURV DWp R YHQFLPHQWR 2V LQYHVWLPHQWRV PDQWLGRV DWp R YHQFLPHQWR VmR UHJLVWUDGRV SHOR
FXVWRDPRUWL]DGRGHGX]LGRVGHTXDOTXHUSHUGDSRUUHGXomRDRYDORUUHFXSHUiYHO(PSUpVWLPRVHUHFHEtYHLV - Compreende, principalPHQWHRVUHFHEtYHLVRULJLQDGRVGHFRQWUDWRVGHVHJXURVWDLVFRPRRVVDOGRVGHSUrPLRVDUHFHEHUGHVHJXUDGRVHYDORUHVDUHFHEHUH
GLUHLWRVMXQWRDRVUHVVHJXUDGRUHV$SyVRUHFRQKHFLPHQWRLQLFLDOVmRPHQVXUDGRVSHORFXVWRDPRUWL]DGRSHORPpWRGRGDWD[DHIHWLYDGH
MXURV2VMXURVDDWXDOL]DomRPRQHWiULDPHQRVSHUGDVGRYDORUUHFXSHUiYHOTXDQGRDSOLFiYHOVmRUHFRQKHFLGRVQRUHVXOWDGRTXDQGR
LQFRUULGRVQDOLQKDGHUHFHLWDVRXGHVSHVDV¿QDQFHLUDV'HWHUPLQDomRGRYDORUMXVWR2VYDORUHVMXVWRVGRVLQYHVWLPHQWRVFRPFRWDomR
S~EOLFDVmRUHJLVWUDGRVFRPEDVHQRVSUHoRVGLYXOJDGRV3DUDRVDWLYRV¿QDQFHLURVVHPPHUFDGRDWLYRRXFRWDomRS~EOLFDD&RPSDQKLD
HVWDEHOHFHRYDORUMXVWRDWUDYpVGHWpFQLFDVGHDYDOLDomRTXHLQFOXHPRXVRGHRSHUDo}HVUHFHQWHVFRQWUDWDGDVFRPWHUFHLURVDUHIHUrQFLDDRXWURVLQVWUXPHQWRVTXHVmRVXEVWDQFLDOPHQWHVLPLODUHVDDQiOLVHGHÀX[RVGHFDL[DGHVFRQWDGRVHRVPRGHORVGHSUHFL¿FDomRGH
RSo}HVTXHID]HPRPDLRUXVRSRVVtYHOGHLQIRUPDo}HVJHUDGDVSHORPHUFDGRHFRQWDPRPtQLPRSRVVtYHOFRPLQIRUPDo}HVJHUDGDV
SHODDGPLQLVWUDomRGDSUySULD&RPSDQKLD5HGXomRDRYDORUUHFXSHUiYHODWLYRV¿QDQFHLURV8PDWLYRWHPSHUGDQRVHXYDORUUHFXSHUiYHOVHXPDHYLGrQFLDREMHWLYDLQGLFDTXHXPHYHQWRGHSHUGDRFRUUHXDSyVRUHFRQKHFLPHQWRLQLFLDOGRDWLYR¿QDQFHLUR$HYLGrQFLD
REMHWLYDGHTXHRVDWLYRV¿QDQFHLURVLQFOXLQGRWtWXORVSDWULPRQLDLVSHUGHUDPYDORUSRGHLQFOXLURQmRSDJDPHQWRRXDWUDVRQRSDJDPHQWRSRUSDUWHGRGHYHGRULQGLFDo}HVGHTXHRGHYHGRURXHPLVVRUHQWUDUiHPSURFHVVRGHIDOrQFLDRXRGHVDSDUHFLPHQWRGHXPPHUFDGR
DWLYRSDUDRWtWXOR$OpPGLVVRSDUDXPLQVWUXPHQWRSDWULPRQLDOXPGHFOtQLRVLJQL¿FDWLYRRXSURORQJDGRHPVHXYDORUMXVWRDEDL[RGRVHX
FXVWRpHYLGrQFLDREMHWLYDGHSHUGDSRUUHGXomRDRYDORUUHFXSHUiYHO$VSHUGDVVmRUHFRQKHFLGDVQRUHVXOWDGRHUHÀHWLGDVHPFRQWD
UHGXWRUDGRDWLYRFRUUHVSRQGHQWH4XDQGRXPHYHQWRVXEVHTXHQWHLQGLFDUHYHUVmRGDSHUGDGHYDORUDGLPLQXLomRQDSHUGDGHYDORUp
UHYHUWLGDHUHJLVWUDGDQRUHVXOWDGR3HUGDVGHYDORUUHGXomRDRYDORUUHFXSHUiYHOQRVDWLYRV¿QDQFHLURVGLVSRQtYHLVSDUDYHQGDVmRUHFRQKHFLGDVSHODUHFODVVL¿FDomRGDSHUGDFXPXODWLYDTXHIRLUHFRQKHFLGDHPRXWURVUHVXOWDGRVDEUDQJHQWHVQRSDWULP{QLROtTXLGRSDUDR
UHVXOWDGR$ SHUGD FXPXODWLYD TXH p UHFODVVL¿FDGD GH RXWURV UHVXOWDGRV DEUDQJHQWHV SDUD R UHVXOWDGR p D GLIHUHQoD HQWUH R FXVWR GH
DTXLVLomROtTXLGRGHTXDOTXHUUHHPEROVRHDPRUWL]DomRGHSULQFLSDOHRYDORUMXVWRDWXDOGHFUHVFLGRGHTXDOTXHUUHGXomRSRUSHUGDGH
'HPRQVWUDo}HVGR5HVXOWDGR
([HUFtFLRV¿QGRVHPGHGH]HPEURGHHGHGH]HPEURGH
(PPLOKDUHVGHUHDLVH[FHWRROXFUROtTXLGRSRUDomR
12/2014 12/2013
Prêmios Emitidos
&RQWULEXLo}HVSDUD&REHUWXUDGH5LVFRV 9DULDo}HVGDV3URY7pFQLFDVGH3UrPLRV 3UrPLRV*DQKRV
5HFHLWD&RP(PLVVmRGH$SyOLFHV
6LQLVWURV2FRUULGRV
&XVWRVGH$TXLVLomR
2XWUDV5HFHLWDVH'HVS2SHUDFLRQDLV 5HVXOWDGRFRP2SHUDo}HVGH5HVVHJXUR 'HVSHVDFRP5HVVHJXUR
5HQGDVGH&RQWULEXLo}HVH3UrPLRV
&RQVWGD3URYGH%HQHID&RQFHGHU
5HFHLWDVGH&RQWULEH3UrPLRVGH9JEO
9DULDomRGH2XWUDV3URY7pFQLFDV
%HQH¿FLRV5HWLGRV
&XVWRVGH$TXLVLomR
2XWUDV5HFHLWDVH'HVS2SHUDFLRQDLV
'HVSHVDV$GPLQLVWUDWLYDV
'HVSHVDVFRP7ULEXWRV
5HVXOWDGR)LQDQFHLUR
5HVXOWDGR3DWULPRQLDO
5HVXOWDGR2SHUDFLRQDO
*DQKRVRX3HUGDVFRP$WLYRV1mR&RUUHQWHV 5HVXOWDGRDQWHVGRV,PSH3DUWLFLSDo}HV ,PSRVWRGH5HQGD
&RQWULEXLomR6RFLDO
3DUWLFLSDo}HVVREUHR/XFUR
/XFUR/tTXLGR3UHMXt]R
4XDQWLGDGHGH$o}HV
/XFUR/tTXLGR3UHMXt]RSRU$omR
'HPRQVWUDo}HVGR5HVXOWDGR$EUDQJHQWH
([HUFtFLRV¿QGRVHPGHGH]HPEURGHHGHGH]HPEURGH
(PPLOKDUHVGHUHDLV
12/2014 12/2013
/XFUROtTXLGRGRH[HUFtFLR
2XWURVUHVXOWDGRVDEUDQJHQWHV
(IHLWRVWULEXWVREUHRVUHVXOWDEUDQJHQWHV
(1)
(3)
9DULDomROtTXLGDQRYDORUMXVWRGHDWLYRV
¿QDQFHLURVGLVSRQtYHLVSDUDYHQGD
5HVXOWDEUDQJHQWHGRH[HUFtFLROtTGRVLPS 5HVXOWDGRDEUDQJHQWHGRH[HUFtFLRDWULEXtYHODRV
Acionistas da empresa controladora
'HPRQVWUDomRGH)OX[RGH&DL[D,QGLUHWR
([HUFtFLRV¿QGRVHPGHGH]HPEURGHH
(PPLOKDUHVGHUHDLV
$7,9,'$'(623(5$&,21$,6
12/2014 12/2013
/XFUR3UHMXt]ROtTXLGRGRSHUtRGR
$MXVWHVSDUD
'HSUHFLDomRHDPRUWL]Do}HV
3HUGD*DQKRQDDOLHQDomRGHLPRELOLHLQWDQJtYHO 2XWURV$MXVWHV
9DULDomRQDVFRQWDVSDWULPRQLDLV
$WLYRV¿QDQFHLURV
&UpGLWRVGDVRSHUDo}HVGHVHJXURVHUHVVHJXURV
$WLYRVGHUHVVHJXUR
&UpGLWRV¿VFDLVH3UHYLGHQFLiULRV
'HSyVLWRVMXGLFLDLVH¿VFDLV
'HVSHVDVDQWHFLSDGDV
2XWURVDWLYRV
,PSRVWRVHFRQWULEXLo}HV
2XWUDVFRQWDVDSDJDU
'pELWRVGHRSHUDo}HVFRPVHJXURVHUHVVHJXURV
'pELWRVGDVRSHUFRPSUHYLGrQFLDFRPSOHPHQWDU
'pELWRVGDVRSHUDo}HVFRPFDSLWDOL]DomR
'HSyVLWRVGHWHUFHLURV
3URYLV}HVWpFQLFDV6HJXURVHUHVVHJXURV
3URYLV}HVWpFQLFDV3UHYLGrQFLDFRPSOHPHQWDU 3URYLV}HVMXGLFLDLV
2XWURVSDVVLYRV
&DL[D*HUDGR&RQVXPLGRSHODV2SHUDo}HV
-XURVSDJRV
&DL[D/tTXLGR*HUDGR&RQVXPLGRQDV
$WLYLGDGHV2SHUDFLRQDLV
$7,9,'$'(6'(,19(67,0(172
5HFHELPHQWRSHOD9HQGD
,PRELOL]DGR
3DJDPHQWRSHOD&RPSUD
,QYHVWLPHQWRV
,PRELOL]DGR
&DL[D/tTXLGR*HUDGR&RQVXPLGRQDV
$WLYLGDGHVGH,QYHVWLPHQWR
$7,9,'$'(6'(),1$1&,$0(172
Aumento de Capital
6.000
3DJDPHQWRGH(PSUpVWLPRVH[FHWRMXURV
&DL[D/tTXLGR*HUDGR&RQVXPLGRQDV
$WLYLGDGHVGH)LQDQFLDPHQWR
$XPUHGOtTGHFDL[DHHTXLYDOHQWHVGHFDL[D
&DL[DHHTXLYGHFDL[DQRLQtFLRGRH[HUFtFLR
&DL[DHHTXLYDOHQWHGHFDL[DQR¿QDOGRH[HUFtFLR YDORUUHFXSHUiYHOSUHYLDPHQWHUHFRQKHFLGDQRUHVXOWDGR7RGDYLDTXDOTXHUUHFXSHUDomRVXEVHTXHQWHQRYDORUMXVWRGHXPDWLYR¿QDQFHLUR
GLVSRQtYHO SDUD YHQGD SDUD R TXDO WHQKD VLGR UHJLVWUDGD SHUGD GR YDORU UHFXSHUiYHO p UHFRQKHFLGD HP RXWURV UHVXOWDGRV DEUDQJHQWHV
3DVVLYRV ¿QDQFHLURV &RPSUHHQGH VXEVWDQFLDOPHQWH IRUQHFHGRUHV FRQWDV D SDJDU H DV FRQWDV TXH FRPS}HP R JUXSR ³GpELWRV FRP
RSHUDo}HVGHVHJXURV´TXHVmRUHFRQKHFLGRVLQLFLDOPHQWHDRYDORUMXVWR$SyVUHFRQKHFLPHQWRLQLFLDOVmRPHQVXUDGRVSHORFXVWRDPRUWL]DGRSHORPpWRGRGDWD[DHIHWLYDGHMXURV2VMXURVDDWXDOL]DomRPRQHWiULDHDYDULDomRFDPELDOTXDQGRDSOLFiYHLVVmRUHFRQKHFLGRV
QRUHVXOWDGRTXDQGRLQFRUULGRVG3UrPLRVGHVHJXURV2VSUrPLRVDUHFHEHUHDVUHVSHFWLYDVGHVSHVDVGHFRPHUFLDOL]DomRVmRUHJLVWUDGRVSHORVHXYDORUIXWXURGHGX]LGRGRVMXURVDDSURSULDUTXHVmRUHFRQKHFLGRVSHORUHJLPHGHFRPSHWrQFLDFRPRUHFHLWDV¿QDQFHLUDV
$SURYLVmRSDUDULVFRVGHFUpGLWRVpFDOFXODGDSDUDFREULUDVSHUGDVHVSHUDGDVQDUHDOL]DomRGRVFUpGLWRVFRPSUrPLRVGHVHJXURVHD
PHVPDpFRQVWLWXtGDHPVXDWRWDOLGDGHTXDQGRRSHUtRGRGHLQDGLPSOrQFLDIRUVXSHULRUDVHVVHQWDGLDVGDGDWDGRYHQFLPHQWRGR
crédito. H&XVWRGHDTXLVLomRGLIHULGR'$&2VFXVWRVGHDTXLVLomRGLIHULGRVVmRFRPLVV}HVGHFRUUHWDJHPGHDJHQFLDPHQWRHRXWURV
FXVWRVGHDQJDULDomRGLIHULGDHVmRDPRUWL]DGDVGHDFRUGRFRPRSUD]RGHYLJrQFLDGDVDSyOLFHVHRXFRQWUDWRVI,QYHVWLPHQWRVPropriedades para investimento são inicialmente mensuradas ao custo, incluindo custos da transação. Propriedades para investimento são
EDL[DGDVTXDQGRYHQGLGDVRXTXDQGRDSURSULHGDGHGHLQYHVWLPHQWRGHL[DGHVHUSHUPDQHQWHPHQWHXWLOL]DGDHQmRVHHVSHUDQHQKXP
EHQHItFLRHFRQ{PLFRIXWXURGDVXDYHQGD(YHQWXDLVJDQKRVRXSHUGDVQDEDL[DRXDOLHQDomRGHSURSULHGDGHGHLQYHVWLPHQWRVmRUHFRQKHFLGRVQDGHPRQVWUDomRGRUHVXOWDGRQRDQRGDUHIHULGDEDL[DRXDOLHQDomR7UDQVIHUrQFLDVVmRUHDOL]DGDVSDUDDFRQWDGHSURSULHGDGHGH
LQYHVWLPHQWRRXGHVWDFRQWDDSHQDVTXDQGRKRXYHUXPDPXGDQoDQRVHXXVRHYLGHQFLDGDSHORWpUPLQRGDRFXSDomRSHORSURSULHWiULR
LQtFLRGHDUUHQGDPHQWRPHUFDQWLOSDUDRXWUDSDUWHRXFRQFOXVmRGDFRQVWUXomRRXLQFRUSRUDomR3DUDXPDWUDQVIHUrQFLDGHSURSULHGDGHGH
LQYHVWLPHQWRSDUDSURSULHGDGHGHXVRSUySULRRFXVWRSUHVXPLGRSDUD¿QVGHFRQWDELOL]DomRVXEVHTXHQWHFRUUHVSRQGHDRYDORUMXVWRQD
GDWDGDPXGDQoDQRVHXXVR6HRLPyYHOGHXVRSUySULRVHWRUQDUXPDSURSULHGDGHGHLQYHVWLPHQWRD&RPSDQKLDFRQWDELOL]DDUHIHULGD
SURSULHGDGHGHDFRUGRFRPDSROtWLFDGHVFULWDQRLWHPGHLPRELOL]DGRDWpDGDWDGDPXGDQoDQRVHXXVR4XDQGRD&RPSDQKLDFRQFOXL
SHORVSUySULRVPHLRVDFRQVWUXomRRXLQFRUSRUDomRGHXPDSURSULHGDGHGHLQYHVWLPHQWRTXDOTXHUGLIHUHQoDHQWUHRYDORUMXVWRGDSURSULHGDGHQDTXHODGDWDHRVHXYDORUFRQWiELODQWHULRUpUHFRQKHFLGDQDGHPRQVWUDomRGRUHVXOWDGRJ,PRELOL]DGR2DWLYRLPRELOL]DGRGHXVR
SUySULRXWLOL]DGRQDFRQGXomRGRVQHJyFLRVGD&RPSDQKLDFRPSUHHQGHLPyYHLVGHXVRSUySULRHTXLSDPHQWRVPyYHLVPiTXLQDVXWHQVtOLRVHYHtFXORV2LPRELOL]DGRGHXVRSUySULRpGHPRQVWUDGRDRFXVWRKLVWyULFR2FXVWRGRDWLYRLPRELOL]DGRpUHGX]LGRSRUGHSUHFLDomR
DFXPXODGDGRDWLYRH[FHWRSDUDWHUUHQRVFXMRDWLYRQmRpGHSUHFLDGRDWpDGDWDGHGHGH]HPEURGH2FXVWRKLVWyULFRGRDWLYR
LPRELOL]DGRFRPSUHHQGHJDVWRVTXHVmRGLUHWDPHQWHDWULEXtYHLVSDUDDTXLVLomRGRVLWHQVFDSLWDOL]iYHLVHSDUDTXHRDWLYRHVWHMDHPFRQGLo}HVGHXVR*DVWRVVXEVHTXHQWHVVmRFDSLWDOL]DGRVDRYDORUFRQWiELOGRDWLYRLPRELOL]DGRRXUHFRQKHFLGRVFRPRXPFRPSRQHQWHVHSDUDGRGRDWLYRLPRELOL]DGRVRPHQWHTXDQGRpSURYiYHOTXHEHQHItFLRVIXWXURVHFRQ{PLFRVDVVRFLDGRVFRPRLWHPGRDWLYRLUmRÀXLUSDUDD
&RPSDQKLDHRFXVWRGRDWLYRSRVVDVHUDYDOLDGRFRPFRQ¿DELOLGDGH4XDQGRRFRUUHDVXEVWLWXLomRGHXPGHWHUPLQDGRFRPSRQHQWHRX
³SDUWH´GHXPFRPSRQHQWHRLWHPVXEVWLWXtGRpEDL[DGRDSURSULDGDPHQWH7RGRVRVRXWURVJDVWRVGHUHSDURRXPDQXWHQomRVmRUHJLVWUDGRVQRUHVXOWDGRGRSHUtRGRFRQIRUPHLQFRUULGRV$GHSUHFLDomRGHLWHQVGRDWLYRLPRELOL]DGRpFDOFXODGDSHORRPpWRGRSURUDWDGLHH
FRQIRUPHRSHUtRGRGHYLGD~WLOHVWLPDGDGRVDWLYRVRVWHUUHQRVQmRVmRGHSUHFLDGRV2YDORUFRQWiELOGHXPLWHPGRDWLYRLPRELOL]DGRp
EDL[DGRLPHGLDWDPHQWHVHRYDORUUHFXSHUiYHOGRDWLYRIRULQIHULRUDRYDORUFRQWiELOGRDWLYR$VWD[DVDQXDLVGHGHSUHFLDomRXWLOL]DGDVSHOD
&RPSDQKLDVmRSDUDPyYHLVPiTXLQDVXWHQVtOLRVHTXLSDPHQWRVGHFRPXQLFDomRHVHJXUDQoDHGHSDUDYHtFXORVHVLVWHPDGH
processamento de dados. K,QWDQJtYHO$WLYRVLQWDQJtYHLVFRPYLGDGH¿QLGDVmRDPRUWL]DGRVDRORQJRGDYLGD~WLOHFRQ{PLFDHDYDOLDGRV
HPUHODomRjSHUGDSRUUHGXomRDRYDORUUHFXSHUiYHOVHPSUHTXHKRXYHULQGLFDomRGHSHUGDGHYDORUHFRQ{PLFRGRDWLYR2SHUtRGRHR
PpWRGRGHDPRUWL]DomRSDUDRVDWLYRVLQWDQJtYHLVFRPYLGDGH¿QLGDVmRUHYLVDGRVQRPtQLPRDR¿QDOGHFDGDH[HUFtFLRVRFLDO0XGDQoDV
QDYLGD~WLOHVWLPDGDRXQRFRQVXPRHVSHUDGRGRVEHQHItFLRVHFRQ{PLFRVIXWXURVGHVVHVDWLYRVVmRFRQWDELOL]DGRVSRUPHLRGHPXGDQoDV
QRSHUtRGRRXPpWRGRGHDPRUWL]DomRFRQIRUPHRFDVRVHQGRWUDWDGDVFRPRPXGDQoDVGHHVWLPDWLYDVFRQWiEHLV$DPRUWL]DomRGHDWLYRV
LQWDQJtYHLVFRPYLGDGH¿QLGDpUHFRQKHFLGDQDGHPRQVWUDomRGRUHVXOWDGRQDFDWHJRULDGHGHVSHVDFRQVLVWHQWHFRPDXWLOL]DomRGRDWLYR
LQWDQJtYHOL5HGXomRDRYDORUUHFXSHUiYHOGRVDWLYRVQmR¿QDQFHLURV$DGPLQLVWUDomRUHYLVDDQXDOPHQWHRYDORUFRQWiELOOtTXLGRGRV
DWLYRVFRPRREMHWLYRGHDYDOLDUHYHQWRVRXPXGDQoDVQDVFLUFXQVWkQFLDVHFRQ{PLFDVRSHUDFLRQDLVRXWHFQROyJLFDVTXHSRVVDPLQGLFDU
GHWHULRUDomRRXSHUGDGHVHXYDORUUHFXSHUiYHO4XDQGRWDLVHYLGrQFLDVVmRLGHQWL¿FDGDVHRYDORUFRQWiELOOtTXLGRH[FHGHRYDORUUHFXSHUiYHOpFRQVWLWXtGDSURYLVmRSDUDGHWHULRUDomRDMXVWDQGRRYDORUFRQWiELOOtTXLGRDRYDORUUHFXSHUiYHO3HODVDQiOLVHVHMXOJDPHQWRHIHWXDGRVDFRQFOXVmRGD$GPLQLVWUDomRpGHTXHQmRpQHFHVViULDDFRQVWLWXLomRGHXPDSURYLVmRSDUDUHGXomRDRYDORUUHFXSHUiYHOGHVHXV
DWLYRVQmR¿QDQFHLURVM&RQWUDWRVGHDUUHQGDPHQWRPHUFDQWLO2VFRQWUDWRVGHDUUHQGDPHQWRPHUFDQWLOOHDVLQJVmRFODVVL¿FDGRVHP
GRLVJUDQGHVJUXSRVRSHUDFLRQDLVH¿QDQFHLURV2IDWRUGHWHUPLQDQWHSDUDHVVDFODVVL¿FDomRFRQIRUPH&3&±2SHUDomRGHDUUHQGDPHQWRPHUFDQWLOpDWUDQVIHUrQFLDGRVULVFRVHEHQHItFLRVLQHUHQWHVjSURSULHGDGHGREHPArrendamentos operacionais - A Companhia
possui contratos de arrendamento de aluguel da sala para a sede administrativa da Companhia. A Companhia, como arrendatário, determiQRXFRPEDVHQDDYDOLDomRGRVWHUPRVHFRQGLo}HVGRVFRQWUDWRV¿UPDGRVTXHQmRUHWpPWRGRVRVULVFRVHEHQHItFLRVDVVRFLDGRVDR
FRQWUDWRSRUWDQWRFRQWDELOL]DDVRSHUDo}HVFRPRDUUHQGDPHQWRRSHUDFLRQDO2VSDJDPHQWRVIHLWRVSHOD&RPSDQKLDUHIHUHQWHDRVDUUHQGDPHQWRVRSHUDFLRQDLVVmRUHFRQKHFLGRVFRPRGHVSHVDSHORPpWRGROLQHDUSHORSHUtRGRGHYLJrQFLDGRFRQWUDWR$UUHQGDPHQWRV¿QDQceiros'XUDQWHRSHUtRGRGHGLYXOJDomRQmRH[LVWLDPFRQWUDWRVGHDUUHQGDPHQWRPHUFDQWLO¿QDQFHLURYLJHQWHVQD&RPSDQKLDN3URYLV}HV7pFQLFDV$VSURYLV}HVWpFQLFDVVmRFRQVWLWXtGDVHFDOFXODGDVHPFRQVRQkQFLDFRPDVGHWHUPLQDo}HVHRVFULWpULRVHVWDEHOHFLGRV
SHOR&163HSHOD686(3HHVWmRDVVLPUHVXPLGDVSeguros$SURYLVmRGHSUrPLRVQmRJDQKRV331*pFRQVWLWXtGDSHODSDUFHODGR
SUrPLRUHWLGRFRUUHVSRQGHQWHDRSHUtRGRGHULVFRDGHFRUUHUFDOFXODGDSHORPpWRGR³SURUDWDGLH´HDWXDOL]DGDPRQHWDULDPHQWHTXDQGR
DSOLFiYHO$&RPSDQKLDFRQVWLWXLSURYLVmRUHODWLYDDULVFRVYLJHQWHVHQmRHPLWLGRV591(FXMRYDORUIRLGHWHUPLQDGRFRPEDVHHPFiOFXORVDWXDULDLVTXHOHYDUDPHPFRQWDDH[SHULrQFLDKLVWyULFDPHWRGRORJLDSUHYLVWDQD&LUFXODU686(3QHPHWRGRORJLDSUHYLVWDHP
QRWDWpFQLFDDWXDULDOSDUDSUrPLRVSURYLV}HVWpFQLFDVFRPLVV}HVVREUHSUrPLRVHPLWLGRVHGHVSHVDVGHFRPHUFLDOL]DomRGLIHULGDV$SURYLVmRGHVLQLVWURVDOLTXLGDU36/pFRQVWLWXtGDSRUHVWLPDWLYDGHSDJDPHQWRVSURYiYHLVOtTXLGRVGHUHFXSHUDo}HVGHWHUPLQDGDFRPEDVH
QRVDYLVRVGHVLQLVWURVUHFHELGRVDWpDGDWDGREDODQoRHDWXDOL]DGDPRQHWDULDPHQWHQRVWHUPRVGDOHJLVODomR$SURYLVmRGHVLQLVWURV
RFRUULGRVPDVQmRDYLVDGRV,%15pUHDOL]DGDFRPEDVHHPFiOFXORVDWXDULDLVTXHFRQVLGHUDPDH[SHULrQFLDKLVWyULFDHDPHWRGRORJLD
SUHYLVWDHP1RWD7pFQLFD$WXDULDO17$EHPFRPRDPHWRGRORJLDSUHYLVWDQD&LUFXODU686(3QPrevidência - As provisões
PDWHPiWLFDVUHSUHVHQWDPRVYDORUHVGDVREULJDo}HVDVVXPLGDVVREDIRUPDGHSODQRVGHUHQGDSHQVmRHSHF~OLRHVmRFDOFXODGDVVHJXQGRRUHJLPH¿QDQFHLURSUHYLVWRFRQWUDWXDOPHQWHSRUHVREUHVSRQVDELOLGDGHGHDWXiULROHJDOPHQWHKDELOLWDGRUHJLVWUDGRQR,QVWLWXWR
%UDVLOHLURGH$WXiULD,%$$VSURYLV}HVPDWHPiWLFDVUHSUHVHQWDPRYDORUSUHVHQWHGRVEHQHItFLRVIXWXURVHVWLPDGRVFRPEDVHHPPpWRGRVHSUHVVXSRVWRVDWXDULDLV$SURYLVmRPDWHPiWLFDGHEHQHItFLRVDFRQFHGHU30%D&UHIHUHVHDRVSDUWLFLSDQWHVFXMDSHUFHSomRGRV
EHQHItFLRVDLQGDQmRIRLLQLFLDGDHDSURYLVmRPDWHPiWLFDGHEHQHItFLRVFRQFHGLGRV30%&UHIHUHVHjTXHOHVMiHPJR]RGHEHQHItFLRV
2VHQFDUJRV¿QDQFHLURVFUHGLWDGRVjVSURYLV}HVWpFQLFDVVmRFODVVL¿FDGRVFRPR³GHVSHVDV¿QDQFHLUDV´$VSURYLV}HVTXHHVWmRYLQFXODGDVDRVVHJXURVGHYLGDFRPFREHUWXUDGHVREUHYLYrQFLD9*%/HDRVSODQRVGHSUHYLGrQFLDGDPRGDOLGDGH³JHUDGRUGHEHQHItFLRVOLYUHV´
3*%/UHSUHVHQWDPRPRQWDQWHGDVFRQWULEXLo}HVHIHWXDGDVSHORVSDUWLFLSDQWHVOtTXLGDVGHFDUUHJDPHQWRVHGHRXWURVHQFDUJRVFRQWUDWXDLVDFUHVFLGDVGRVUHQGLPHQWRV¿QDQFHLURVJHUDGRVSHODDSOLFDomRGRVUHFXUVRVHPIXQGRVGHLQYHVWLPHQWRVHVSHFLDOPHQWHFRQVWLWXtGRV
(FIE’s). O7HVWHGHDGHTXDomRGRVSDVVLYRV±7$3³/$7±/LDELOLW\$GHTXDF\7HVW´3DUDHVVHWHVWHIRLDGRWDGDXPDPHWRGRORJLDTXH
FRQVLGHUDDVREULJDo}HVGHFRUUHQWHVGRVFRQWUDWRVGHSUHYLGrQFLDFRPSOHPHQWDUDEHUWDHVHJXURVHPFXPSULPHQWRDRGLVSRVWRQD&LUFXODU686(3QGHGHGH]HPEURGH2FiOFXORGR7$3IRLUHDOL]DGRFRPSUXGrQFLDHREMHWLYLGDGHDSDUWLUGDXWLOL]DomRGHPpWRGRVHVWDWtVWLFRVHDWXDULDLVUHOHYDQWHVDSOLFiYHLVHDGHTXDGRVEDVHDGRHPGDGRVDWXDOL]DGRVGD&RPSDQKLD3DUDDVSURYLV}HVFRQVWLWXtGDVQRVSODQRVGHULVFRHGHVHJXURVVHJPHQWRGHSHVVRDVRVÀX[RVGHVFRQWDGRVDSUHVHQWDUDPVXSHUiYLWWHQGRHPYLVWDTXHHVWHV
SODQRVSRVVXHPSUHPLVVDVFRQVHUYDGRUDVHPVXDVEDVHVWpFQLFDV3DUDDVSURYLV}HVFRQVWLWXtGDVQRVSODQRVGHDFXPXODomR)*%3*%/
H9*%/RVÀX[RVGHVFRQWDGRVWDPEpPDSUHVHQWDUDPVX¿FLrQFLD2FiOFXORIRLHODERUDGRSRUDWXiULRH[WHUQRHGRSRQWRGHYLVWDJOREDO
SRUVHJPHQWRDVSURYLV}HVVHPRVWUDUDPDGHTXDGDVHPWRGDVDVVHJPHQWDo}HVQmRWHQGRVLGRGHWHFWDGDTXDOTXHUQHFHVVLGDGHGH
FRQVWLWXLo}HVGHSURYLV}HVDGLFLRQDLVQDGDWDEDVHGDVGHPRQVWUDo}HV¿QDQFHLUDVP$WLYRVHSDVVLYRVFRQWLQJHQWHVHREULJDo}HV
OHJDLV¿VFDLVHSUHYLGHQFLiULDV2UHFRQKHFLPHQWRDPHQVXUDomRHDGLYXOJDomRGRVDWLYRVHSDVVLYRVFRQWLQJHQWHVHREULJDo}HVOHJDLVVmRHIHWXDGRVGHDFRUGRFRPRVFULWpULRVHVWDEHOHFLGRVQRSURQXQFLDPHQWRWpFQLFR&3&QGR&RPLWrGH3URQXQFLDPHQWRV&RQWiEHLVFRQVLGHUDGDVDVRULHQWDo}HVSUHYLVWDVQD&LUFXODU686(3QVHQGRFODVVL¿FDGRVQDVVHJXLQWHVFDWHJRULDVContingências
ativas1mRVmRUHFRQKHFLGDVQDVGHPRQVWUDo}HV¿QDQFHLUDVH[FHWRTXDQWRGDH[LVWrQFLDGHHYLGrQFLDVTXHSURSLFLHPDJDUDQWLDGHVXD
UHDOL]DomRVREUHDVTXDLVQmRFDEHPPDLVUHFXUVRVContingências passivas6mRUHFRQKHFLGDVQDVGHPRQVWUDo}HV¿QDQFHLUDVTXDQGR
EDVHDGRQDRSLQLmRGHDVVHVVRUHVMXUtGLFRVHGD$GPLQLVWUDomRIRUFRQVLGHUDGRRULVFRGHSHUGDGHXPDDomRMXGLFLDORXDGPLQLVWUDWLYD
FRPXPDSURYiYHOVDtGDGHUHFXUVRVSDUDDOLTXLGDomRGDVREULJDo}HVHTXDQGRRVPRQWDQWHVHQYROYLGRVIRUHPPHQVXUiYHLVFRPVX¿FLHQWHVHJXUDQoD2EULJDo}HVOHJDLV±¿VFDLVHSUHYLGHQFLiULDV5HIHUHPVHDGHPDQGDVMXGLFLDLVSRUPHLRGDVTXDLVHVWmRVHQGRFRQWHVWDGDVDOHJDOLGDGHHDFRQVWLWXFLRQDOLGDGHGHWULEXWRVHFRQWULEXLo}HV2PRQWDQWHGLVFXWLGRpTXDQWL¿FDGRUHJLVWUDGRHDWXDOL]DGRPHQVDOmente. Q2XWURVDWLYRVHSDVVLYRV8PDWLYRpUHFRQKHFLGRQREDODQoRTXDQGRIRUSURYiYHOTXHVHXVEHQHItFLRVHFRQ{PLFRVIXWXURV
VHUmRJHUDGRVHPIDYRUGD&RPSDQKLDHVHXFXVWRRXYDORUSXGHUVHUPHQVXUDGRFRPVHJXUDQoD2VDWLYRVHSDVVLYRVVmRFODVVL¿FDGRV
FRPRFLUFXODQWHVTXDQGRVXDUHDOL]DomRRXOLTXLGDomRpSURYiYHOTXHRFRUUDQRVSUy[LPRVGR]HPHVHV&DVRFRQWUiULRVmRGHPRQVWUDGRV
FRPRQmRFLUFXODQWHV8PSDVVLYRpUHFRQKHFLGRQREDODQoRTXDQGRD&RPSDQKLDSRVVXLXPDREULJDomROHJDOFRQVWLWXtGDFRPRUHVXOWDGR
GHXPHYHQWRSDVVDGRVHQGRSURYiYHOTXHXPUHFXUVRHFRQ{PLFRVHMDUHTXHULGRSDUDOLTXLGiOR$VSURYLV}HVVmRUHJLVWUDGDVWHQGRFRPR
EDVHDVPHOKRUHVHVWLPDWLYDVHRULVFRHQYROYLGRR$SXUDomRGRUHVXOWDGR$VUHFHLWDVFRPVHJXURVHSUHYLGrQFLDFXMRIDWRJHUDGRUpD
YLJrQFLDGRULVFRVmRUHFRQKHFLGDVSHORUHJLPHGHFRPSHWrQFLD3DUDRVSURGXWRVGHDFXPXODomRRUHFRQKHFLPHQWRGDUHFHLWDpRUHFHELPHQWRGDVFRQWULEXLo}HV$VUHFHLWDVHRVRXWURVFXVWRVUHODFLRQDGRVjVDSyOLFHVFRPIDWXUDPHQWRPHQVDOFXMDHPLVVmRGDIDWXUDRFRUUH
QRPrVVXEVHTXHQWHDRSHUtRGRGHFREHUWXUDVmRUHFRQKHFLGRVSRUHVWLPDWLYDFDOFXODGDVFRPEDVHQRKLVWyULFRGDHPLVVmR2VYDORUHV
HVWLPDGRV VmR DMXVWDGRV H UHYHUWLGRV TXDQGR GD HPLVVmR GD IDWXUD$V GHPDLV UHFHLWDV H GHVSHVDV VmR UHFRQKHFLGDV SHOR UHJLPH GH
competência. S,PSRVWRGHUHQGDHFRQWULEXLomRVRFLDO$SURYLVmRSDUDLPSRVWRGHUHQGDpFRQVWLWXtGDjDOtTXRWDGHGROXFURWULEXWiYHODFUHVFLGDGRDGLFLRQDOGHVREUHROXFURUHDODQXDOH[FHGHQWHDRVOLPLWHV¿VFDLVHVWDEHOHFLGRV$SURYLVmRSDUDFRQWULEXLomR
VRFLDOpFRQVWLWXtGDjDOtTXRWDGHVREUHROXFUROtTXLGRDMXVWDGRSHORVLWHQVGH¿QLGRVHPOHJLVODomRHVSHFt¿FD4. Gerenciamento de
Continua
56
Porto Alegre, sexta-feira, 27 de fevereiro de 2015
Continuação
riscos: A Seguradora, de forma geral, está exposta aos seguintes
ULVFRV SURYHQLHQWHV GH VXDV RSHUDo}HV H TXH SRGHP DIHWDU FRP
PDLRURXPHQRUJUDXRVVHXVREMHWLYRVHVWUDWpJLFRVH¿QDQFHLURV
5LVFRGHVHJXUR5LVFRGHFUpGLWR5LVFR¿QDQFHLURR5LVFRGH
PHUFDGRR5LVFRGHOLTXLGH]5LVFRRSHUDFLRQDO$¿QDOLGDGHGHVWDQRWDH[SOLFDWLYDpDSUHVHQWDULQIRUPDo}HVJHUDLVVREUHHVWDVH[SRVLo}HVEHPFRPRRVFULWpULRVDGRWDGRVSHOD6HJXUDGRUDQDJHVtão e redução de cada um dos riscos acima mencionados. A
Seguradora dispõe de uma estrutura de gerenciamento de riscos
TXHpFRPSRVWDSRUSULQFtSLRVSROtWLFDVUHVSRQVDELOLGDGHVSURFHdimentos e ações internas. A administração considera essa estrutuUDFRPSDWtYHOFRPDQDWXUH]DHFRPSOH[LGDGHGRVSURGXWRVVHUYLços, processos e sistemas da Seguradora. A estrutura interna de
gerenciamento de riscos da Seguradora é composta pelas seguinWHViUHDV'HSDUWDPHQWRGHFRQWUROHVLQWHUQRV'HSDUWDPHQWRGH
DQiOLVHGHVXEVFULomRGHULVFR'HSDUWDPHQWRDWXDULDO$XGLWRULD
interna. D5LVFRGHVHJXUR$6HJXUDGRUDGH¿QHULVFRGHVHJXUR
FRPRRULVFRWUDQVIHULGRSRUTXDOTXHUFRQWUDWRRQGHKDMDDSRVVLELOLGDGHIXWXUDGHTXHRHYHQWRGHVLQLVWURRFRUUDHRQGHKDMDLQFHUWH]D VREUH R YDORU GH LQGHQL]DomR UHVXOWDQWH GR HYHQWR GH VLQLVWUR
(VVH ULVFR p LQÀXHQFLDGR SHORV VHJXLQWHV IDWRUHV )UHTXrQFLD H
VHYHULGDGHGRVVLQLVWURV+LVWyULFRGRVVLQLVWURVGHORQJRSUD]RH
&DUDFWHUtVWLFDVHSHU¿OGRULVFR1HVWHVHQWLGRD6HJXUDGRUDHQWHQGHTXHRSULQFLSDOULVFRWUDQVIHULGRSDUDVLpRULVFRGHTXHRV
sinistros avisados e os pagamentos de indenizações resultantes
GHVVHVHYHQWRVH[FHGDPRYDORUFRQWiELOGRVSDVVLYRVGHFRQWUDWRV
de seguros. A gestão de riscos é realizada através de regras de
VXEVFULomRULJRURVDPHQWHVHJXLGDVSHODViUHDVGHVXEVFULomRWpFnica e operacional. Cada produto ou cotação deve seguir os preceiWRVHVWDEHOHFLGRVQRPDQXDOGHVXEVFULomRQRWDVWpFQLFDVFRQGLo}HVJHUDLVHFRQWUDWRGHUHVVHJXURVHPSUHREVHUYDQGRRVOLPLWHV
HDOoDGDVSUpGH¿QLGDV(PDGLomRjVIHUUDPHQWDVDFLPDUHODFLRQDGDVTXHVmRDVGLUHWUL]HVVHJXLGDVSHODHTXLSHGHHVSHFLDOLVWDHP
análise de riscos, a Seguradora realiza operações com resseguradoras como parte do seu programa de redução de riscos. A concentração de riscos da Seguradora está no seguro de pessoas em todo
RWHUULWyULRQDFLRQDO$QiOLVHGHVHQVLELOLGDGH2VSURGXWRVGHVHJXURVDSUHVHQWDPFRPRSULQFLSDOULVFRGHQHJyFLRRYDORUGDVSHUGDV
ou sinistros ocorridos superarem o valor das provisões técnicas e
SUrPLRVUHFHELGRV+iWDPEpPLQFHUWH]DVLQHUHQWHVDRSURFHVVRGH
HVWLPDWLYDGDVSURYLV}HVWpFQLFDVTXDQGRHVWDVVmRREWLGDVDWUDYpVGHPHWRGRORJLDVHVWDWtVWLFRDWXDULDLV8PH[HPSORGLVVRpTXH
R DWXDO PRQWDQWH GH VLQLVWURV HVWLPDGRV VHUi FRQ¿UPDGR DSHQDV
TXDQGRWRGRVHOHVIRUHPHIHWLYDPHQWHOLTXLGDGRVSHOD6HJXUDGRUD
2 WHVWH GH VHQVLELOLGDGH YLVD GHPRQVWUDU RV HIHLWRV TXDQWLWDWLYRV
VREUHRPRQWDQWHHVWLPDGRGHVLQLVWURVGHFODUDGRVQRSDVVLYRGD
6HJXUDGRUDEHPFRPRQRSDWULP{QLROtTXLGRDMXVWDGR3/$TXDQdo alterada alguma das variáveis aplicadas à metodologia de cálcuORGDSURYLVmRFRQVWLWXtGDQXPDGHWHUPLQDGDGDWDEDVH$DQiOLVH
GHVHQVLELOLGDGHSUHYLVWDQRLQFLVR;,GR$UWLJRGR$QH[RGD
&LUFXODU686(3GHWHUPLQDTXHVHIDoDXPUHFiOFXORGDV
operações considerando outros cenários com alterações nas variáYHLVGHGHVSHVDVDGPLQLVWUDWLYDVHtQGLFHGHVLQLVWUDOLGDGH2TXDGUR DEDL[R GHPRQVWUD DV YDULDELOLGDGHV RFRUULGDV FRQVLGHUDQGR D
DOWHUDomRGHSUHPLVVDVHPPLOKDUHV
%DODQoR FRP'$ FRP'6
'HVSHVDV$GPLQLVWUDWLYDV 'HVSHVDVFRP6LQLVWURV 5HVXOWDGR
3/
E5LVFRGHFUpGLWRRisco de crédito é o risco de perda de valor
GHDWLYRV¿QDQFHLURVHDWLYRVGHUHVVHJXURFRPRFRQVHTXrQFLDGH
uma contraparte no contrato não honrar a totalidade ou parte de
VXDVREULJDo}HVSDUDFRPD&RPSDQKLD3DUDJHVWmRGHVHXVLQYHVWLPHQWRV D &RPSDQKLD FODVVL¿FD FRPR EDL[R ULVFR GH FUpGLWR
RV WtWXORV HPLWLGRV RX JDUDQWLGRV SHOR7HVRXUR 1DFLRQDO ULVFR VREHUDQR 2V WtWXORV GH 5HQGD )L[D GHYHUmR VHU FODVVL¿FDGRV FRPR
EDL[RRXPpGLRDOWRULVFRGHFUpGLWREDVHDGRVHPDQiOLVHVUDWLQJV
HIHWXDGDVSRUDJrQFLDVFODVVL¿FDGRUDVGHULVFRHPIXQFLRQDPHQWR
QRSDtV$WDEHODDVHJXLUDSUHVHQWDDGLVWULEXLomRGDFRPSRVLomR
GRULVFRGDFDUWHLUDGHLQYHVWLPHQWRV
6WDQGDUG3RRU¶V±(VFDOD1DFLRQDO
&RPSRVLomRGDFDUWHLUDSRUFODVVHHSRUFDWHJRULDFRQWiELO EU$$$ EU$ EU$ 6HP5DWLQJ 6DOGRFRQWiELO
$WLYRFLUFXODQWH
7tWXORVSDUDYHQGD
7tWXORVGHUHQGD¿[D
/HWUDV¿QDQFHLUDVGRWHVRXUR±/)7
&HUWL¿FDGRGHGHSyVLWREDQFiULR&'%
'HErQWXUHV
4XRWDVGHIXQGRVGHLQYHVWLPHQWRV±H[FOXVLYR
4XRWDVGHIXQGRVGHLQYHVWLPHQWRV±QmRH[FOXVLYR
4XRWDVGHIXQGRVGHLQYHVWLPHQWRV'39$7
7tWXORVGHUHQGDYDULiYHO
$o}HV
7tWXORVPDQWLGRVDWpRYHQFLPHQWR
5HFLERGH'HSyVLWR%DQFiULR±5'%
([SRVLomRPi[LPDDRULVFRGHFUpGLWR
20.756
743
58
52.390
73.947
2)XQGRGH,QYHVWLPHQWR5XUDO3UHYQmRSRVVXLDYDOLDo}HVGHUDWLQJGLYXOJDGDV(VWHIXQGRSRVVXLFRPRDGPLQLVWUDGRUHJHVWRUR
%1<0HOORQ$5;,QYHVWLPHQWRV/WGDFXMDFODVVL¿FDomRGHUDWLQJDWXDOUHDOL]DGDSHOD)LWFKpGHEU0$SHVDUGDLQH[LVWrQFLDGHFODVVL¿FDomRGHUDWLQJHVWHIXQGRHVWiDORFDGRHPWtWXORVS~EOLFRVIHGHUDLVFXMRUDWLQJpFRQVLGHUDGRVREHUDQRF5LVFR¿QDQFHLUR
$6HJXUDGRUDHVWiH[SRVWDDXPDVpULHGHULVFRV¿QDQFHLURVWUDQVIHULGRVSHORVGLYHUVRVDWLYRVHSDVVLYRVLQHUHQWHVDRVHXQHJyFLR2V
SULQFLSDLVULVFRVDVVRFLDGRVDRVLQVWUXPHQWRV¿QDQFHLURVVmR5LVFRGHPHUFDGRH5LVFRGHOLTXLGH]F5LVFRGHPHUFDGR5LVFR
GHPHUFDGRpDTXHOHDVVRFLDGRjSRVVLELOLGDGHGHRFRUUrQFLDGHSHUGDVGHYLGRjVRVFLODo}HVQRVSUHoRVGHPHUFDGRGRVDWLYRV3DUD
DYDOLDomRGRULVFRGHPHUFDGRGHVHXSRUWIyOLRGHLQYHVWLPHQWRVD6HJXUDGRUDXWLOL]DRPRGHOR³9DOXHDW5LVN9#5´VHQGRTXHVXD
SDUDPHWUL]DomRpDVHJXLQWH6HPFRUUHODo}HV9RODWLOLGDGHSDUDPpWULFD1tYHOGHFRQ¿DQoDGHH3HUtRGRGHUHYHUVmRGH
XPGLDF5LVFRGHOLTXLGH]2ULVFRGHOLTXLGH]pRULVFRGHQmRWHUDFHVVRDUHFXUVRV¿QDQFHLURVSDUDLQYHVWLUQDRSHUDomRRXKRQUDU
VHXVFRPSURPLVVRV(OHpOLPLWDGRSHODUHFRQFLOLDomRGRÀX[RGHFDL[DFRQVLGHUDQGRWDPEpPRVSDVVLYRVDSDJDUGD6HJXUDGRUD3DUD
WDQWRVmRHPSUHJDGRVPpWRGRVDWXDULDLVSDUDHVWLPDURVSDVVLYRVRULXQGRVGHFRQWUDWRVGHVHJXUR'HQWURGHVVHFRQWH[WRD6HJXUDGRUDSRVVXLXPDSROtWLFDFULWHULRVDGHFRPHUFLDOL]DomRYLVDQGRPLWLJDURVULVFRVLQHUHQWHVjVXEVFULomRHQWUHHOHVRULVFRGHQmRUHFHELPHQWRGRSUrPLRLQDGLPSOrQFLD1RkPELWRGRVDWLYRV¿QDQFHLURVD6HJXUDGRUDLQYHVWHUHFXUVRVHPDWLYRV¿QDQFHLURVFXMRVHPLVVRUHV
VmRDPSODPHQWHFRQKHFLGRVHFRQ¿iYHLV7DLVDWLYRVSRVVXHPOLTXLGH]GLiULDHSRGHQGRVHUWUDQVIRUPDGRVHPFDL[DUDSLGDPHQWH$
FRPELQDomRGDVFDUDFWHUtVWLFDVGHVXEVFULomRHGRVDWLYRV¿QDQFHLURVPHQFLRQDGDVDFLPDWHQGHDUHGX]LURULVFRGHOLTXLGH]G5LVFR
operacional: 5LVFRVRSHUDFLRQDLVVmRRVULVFRVGHSUHMXt]RVGLUHWRVRXLQGLUHWRVGHFRUUHQWHVGHXPDYDULHGDGHGHFDXVDVDVVRFLDGDV
D SURFHVVRV SHVVRDO WHFQRORJLD H LQIUDHVWUXWXUD H GH IDWRUHV H[WHUQRV 1D &RPSDQKLD D JHVWmR GRV ULVFRV RSHUDFLRQDLV HQYROYH R
PDSHDPHQWRGHSURFHGLPHQWRVHODERUDomRGHPDQXDLVRSHUDFLRQDLVLGHQWL¿FDomRHLPSOHPHQWDomRGHSRQWRVGHFRQWUROHYLVDQGRD
mitigação de riscos inerentes às atividades operacionais. Gestão de capital - A Companhia executa suas atividades de gestão de risco de
FDSLWDOFRPRREMHWLYRSULPiULRGHDWHQGHUDRVUHTXHULPHQWRVGHFDSLWDOPtQLPRVHJXQGRFULWpULRVGHH[LJLELOLGDGHGHFDSLWDOHPLWLGRVSHOD
686(3PDVWDPEpPSDUDPDQWHURUHWRUQRVREUHRFDSLWDOSDUDRVDFLRQLVWDV2SHUDFLRQDO$(TXLSH2SHUDFLRQDOWHPFRPRSULQFLSDO
DWLYLGDGHIXQo}HVGHDUWLFXODomRHSRVVXLRREMHWLYRGHDODYDQFDUDSURGXWLYLGDGHGRVFOLHQWHVLQWHUQRVHH[WHUQRVFRPRFRPSURPLVVR
GHJHUDUUHVXOWDGRVSRUPHLRGHVXSRUWHjRSHUDomRHVROXo}HVTXHDJUHJDPYDORUjHPSUHVD3DUDWDQWRD6HJXUDGRUDHVWiUHDOL]DQGR
XPDLPSOHPHQWDomRGLiULDQDGRFXPHQWDomRGHSURFHVVRVHWUHLQDPHQWRYLVDQGRPXOWLSOLFDUFRQKHFLPHQWRHQWUHRVFRODERUDGRUHV$V
PHOKRUHVSUiWLFDVYLVDPUHFRQKHFLPHQWRSHODVGHPDLViUHDVFRPRXPDHTXLSHGHGLFDGDQDEXVFDHPLQRYDo}HVH[FHOrQFLDQDJHVWmR
GHSURFHVVRVH¿FiFLDQDJHVWmRGHLQFLGHQWHHIDFLOLWDGRUDSDUDRVQRYRVSURGXWRV7HFQRORJLDGD,QIRUPDomR9LVDQGRPLWLJDURVULVFRV
LQHUHQWHV D 7HFQRORJLD GD ,QIRUPDomR D 6HJXUDGRUD HODERURX XPD SROtWLFD SDUD XWLOL]DomR GH UHFXUVRV FRPSXWDFLRQDLV TXH WUDWD GD
FRQ¿GHQFLDOLGDGHGDLQIRUPDomRGLUHLWRVGHYHUHVHUHVSRQVDELOLGDGHVGRVXVXiULRVOLFHQFLDPHQWRGHVRIWZDUHSROtWLFDGHVHQKDVDOpP
GDGLVSRQLELOLGDGHGHVHXVUHFXUVRV3DUDLVWRGHXFLrQFLDDWRGRVRVVHXVFRODERUDGRUHVUHFROKHQGRDDVVLQDWXUDHPXPIRUPXOiULR
HVSHFt¿FRSDUDHVWH¿P$DGPLQLVWUDomRGD&RPSDQKLDYLVDQGRXPDPHOKRULDQRVVHXVVLVWHPDVGHLQIRUPDomRLQYHVWLXHPXPQRYR
VRIWZDUHSDUDDJHVWmRGHVHJXURVHSUHYLGrQFLDTXHGHYHUiHQWUDUHPSURGXomRDWpDEULOGH$OpPGLVWRWHPLQYHVWLGRPDFLoDPHQWH
HPXPSURMHWRSDUDUHYLVDUVHXVVLVWHPDVSDUDHOLPLQDUWRGRVRVJDSVHWUD]HUPDLRUDXWRPDWLFLGDGHDJLOLGDGHHFRQWUROHjVVXDVDWLYLGDGHVSRVVLELOLWDQGRDVVLPDODYDQFDUVXDVSRWHQFLDOLGDGHV
$SOLFDo}HV¿QDQFHLUDVD$SOLFDo}HV¿QDQFHLUDVSRUYHQFLPHQWR'HPRQVWUDPRVDEDL[RDFRPSRVLomRGRVDOGRGDVDSOLFDo}HV
¿QDQFHLUDVHPGHGH]HPEURGHHGHGH]HPEURGH
12/2014
12/2013
6HP $Wp $FLPDGH
9DORU
6DOGR
6DOGR
'HVFULomR
YHQFLPHQWR
GLDV GLDV
WRWDO FRQWiELO $SOLFDGR FRQWiELO
7tWXORVSDUDYHQGD
/HWUDV)LQDQFHLUDVGR7HVRXUR±/)7
&HUWL¿FDGRGH'HSyVLWR%DQFiULR±&'%SyV¿[DGR
'HErQWXUHV
4XRWDVGHIXQGRVGHLQYHVWLPHQWR±H[FOXVLYR
4XRWDVGHIXQGRVGHLQYHVWLPHQWR±QmRH[FOXVLYR
4XRWDVGHIXQGRVGHLQYHVWLPHQWR±'39$7
$o}HVGHFRPSDQKLDVDEHUWDV
7tWXORGH&DSLWDOL]DomR
7tWXORVPDQWLGRVDWpRYHQFLPHQWR
5HFLERGH'HSyVLWR%DQFiULR±5'%SyV¿[DGR
7RWDOSRUYHQFLPHQWR
'HPRQVWUDPRVDEDL[RDFRPSRVLomRGDVTXRWDVGHIXQGRVGHLQYHVWLPHQWRVH[FOXVLYRV
12/2014
12/2013
Saldo
Saldo
&RQWiELO $SOLFDGR Contábil
4XRWDVGHIXQGRVGHUHQGD¿[D
/HWUDV)LQDQFHLUDVGR7HVRXUR±/)7 2XWUDVFRQWDVDSDJDUOtTXLGDV
7RWDOGDFDUWHLUD
&LUFXODQWH
$DORFDomRGHUHFXUVRVGRSRUWIyOLRGD,QYHVWSUHYHVWiGLYLGLGDHP
UHQGD ¿[D UHSUHVHQWDGD SRU WtWXORV S~EOLFRV /)7 H IXQGR GH LQYHVWLPHQWRV UHQGD ¿[D WtWXORV S~EOLFRV LQGH[DGRV D 6(/,& WtWXORV
SULYDGRV&'%SyVHR)XQGR5XUDO3UHYLQGH[DGRVD&',&(7,3
GHErQWXUHVLQGH[DGDVDR,*3',DFUHVFLGRGHXPVSUHDGHUHQGD
YDULiYHOUHSUHVHQWDGDSHODVDo}HVGD9DOH6$2YDORUGHPHUFDGR
GDV TXRWDV GH IXQGRV GH LQYHVWLPHQWR IRL DSXUDGR FRP EDVH QRV
YDORUHVGHTXRWDVGLYXOJDGRVSHORVDGPLQLVWUDGRUHVGRVIXQGRVQRV
TXDLVD&RPSDQKLDDSOLFDVHXVUHFXUVRV2VWtWXORVS~EOLFRVIHGHUDLV IRUDP FRQWDELOL]DGRV SHOR FXVWR GH DTXLVLomR DFUHVFLGRV GRV
UHQGLPHQWRVDXIHULGRVHDMXVWDGRVDRYDORUGHPHUFDGRFRPEDVH
QDV WDEHODV GH UHIHUrQFLD GR PHUFDGR VHFXQGiULR GD$VVRFLDomR
1DFLRQDOGDV,QVWLWXLo}HV)LQDQFHLUDVGR0HUFDGR)LQDQFHLUR$1%,0$2VFHUWL¿FDGRVHUHFLERVGHGHSyVLWREDQFiULRHDVGHErQWXUHVIRUDPFRQWDELOL]DGRVSHORFXVWRGHDTXLVLomRDFUHVFLGRGRV
UHQGLPHQWRV DXIHULGRV DWp D GDWD GR EDODQoR 2V WtWXORV S~EOLFRV
HVWmRFXVWRGLDGRVQR6LVWHPD(VSHFLDOGH/LTXLGDomRH&XVWyGLD
6(/,&HRVWtWXORVSULYDGRVQD&(7,36$±%DOFmR2UJDQL]DGRGH
$WLYRVH'HULYDWLYRV$VTXRWDVGHIXQGRVGHLQYHVWLPHQWRHVSHFLDOPHQWHFRQVWLWXtGRVFRPRUHFXUVRVJDUDQWLGRUHVGHSODQRVGHEHQHItFLRVVmRDGPLQLVWUDGRVSHOD%1<0HOORQ$5;,QYHVWLPHQWRV/WGD
E'HWHUPLQDomRGRYDORUMXVWRGDVDSOLFDo}HV¿QDQFHLUDV2
YDORUMXVWRGRVDWLYRV¿QDQFHLURVpRPRQWDQWHSHORTXDOXPDWLYR
SRGHVHUWURFDGRRXXPSDVVLYROLTXLGDGRHQWUHSDUWHVFRQKHFLGDV
HHPSHQKDGDVQDUHDOL]DomRGHXPDWUDQVDomRMXVWDGHPHUFDGR
QD GDWD GR EDODQoR 2 YDORU MXVWR GDV DSOLFDo}HV HP IXQGRV GH
LQYHVWLPHQWRIRLREWLGRDSDUWLUGRVYDORUHVGDVTXRWDVGLYXOJDGDV
SHODV LQVWLWXLo}HV ¿QDQFHLUDV DGPLQLVWUDGRUDV GHVVHV IXQGRV 2V
WtWXORV GH UHQGD ¿[D S~EOLFRV WLYHUDP VHXV YDORUHV MXVWRV REWLGRV
DSDUWLUGDVWDEHODVGHUHIHUrQFLDGLYXOJDGDVSHOD$VVRFLDomR1DFLRQDOGDV,QVWLWXLo}HVGR0HUFDGR)LQDQFHLUR$1%,0$(PUD]mR
GRVDWLYRV¿QDQFHLURVGD&RPSDQKLDHQFRQWUDUHPVHLQWHJUDOPHQWH
DORFDGRVQRSDGUmR&',6(/,&RVYDORUHVFRQWiEHLVMiHVWmRUHJLVWUDGRVjPHUFDGRRXVHMDSHORYDORUMXVWRGRVDWLYRV+LHUDUTXLDGR
YDORUMXVWR$WDEHODDEDL[RDSUHVHQWDRVLQVWUXPHQWRV¿QDQFHLURV
UHJLVWUDGRV SHOR YDORU MXVWR XWLOL]DQGR R PpWRGR GH DYDOLDomR SRU
QtYHLV2VGLIHUHQWHVQtYHLVIRUDPGH¿QLGRVFRQIRUPHVHJXH1tYHO
±RVSUHoRVFRWDGRVQmRDMXVWDGRVHPPHUFDGRVDWLYRVSDUDDWLYRVRXSDVVLYRVLGrQWLFRV1tYHO±RXWURVGDGRVTXHQmRVHMDP
RV SUHoRV FRWDGRV HP PHUFDGRV DWLYRV LQFOXtGRV QR 1tYHO TXH
VmRREVHUYiYHLVSDUDRDWLYRRXSDVVLYRVHMDGLUHWDPHQWHRXVHMD
FRPRRVSUHoRVRXLQGLUHWDPHQWHLVWRpGHULYDGRGRVSUHoRV
1tYHO±RVGDGRVSDUDRDWLYRRXSDVVLYRQmRVHEDVHLDPHPGDGRVREVHUYiYHLVGHPHUFDGRGDGRVQmRREVHUYiYHLV
12/2014
12/2013
Saldo
Saldo
'HVFULomR
1tYHO FRQWiELO 1tYHO FRQWiELO
7tWXORVSDUDYHQGD
7tWXORVS~EOLFRVIHGHUDLV
Letras Financeiras do
7HVRXUR±/)7
7tWXORVSULYDGRV
&HUWL¿FDGRGH'HSyVLWR
%DQFiULR±&'%
'HErQWXUHV
4XRWDVGHIXQGRGH
LQYHVWLPHQWR±H[FOXVLYR
4XRWDVGHIXQGRVGH
LQYHVWLPHQWR±QmRH[FOXVLYR 4XRWDVGHIXQGRVGH
LQYHVWLPHQWR±'39$7
$o}HVGHFRPSDQKLDVDEHUWDV
7tWXORVPDQWLGRVDWpRYHQFLPHQWR
7tWXORVSULYDGRV
5HFLERGH'HSyVLWR
%DQFiULR±5'%SyV¿[DGR 7RWDOSRUQtYHO
$ &RPSDQKLD SRVVXL RSHUDo}HV FRP DSOLFDo}HV ¿QDQFHLUDV FXMD
FODVVL¿FDomRVHHQTXDGUDVRPHQWHQRQtYHOHPGHGH]HPEUR
GHF$WLYRVRIHUHFLGRVHPJDUDQWLDGDVSURYLV}HVWpFQLcas - 2VDWLYRVJDUDQWLGRUHVGDVSURYLV}HVWpFQLFDVHVWmRFRPSRVWRVFRQIRUPHWDEHOD
12/2014
12/2013
Valor Garantia
Valor
OtTXLGR GDV5HV OtTXLGR
FRQWiELO 7pFQLFDV contábil
/)7/HWUDV)LQDQFHLUDVGR7HVRXUR &HUWL¿FDGRGH'HSyVLWR%DQFiULR
'HErQWXUHV
$o}HVGH&RPSDQKLDV$EHUWDV
4XRWDVGH)XQGRVGH,QYHVWLPHQWRV Total
41.824
41.824 47.396
3URYLV}HV7pFQLFDV7RWDLV6HJXURV 3URYLV}HV7pFQLFDV7RWDLV
3UHYLG&RPSOHP
3URYLV}HVDVHUHPFREHUWDV
6X¿FLrQFLD
4.290
G,QVWUXPHQWRV¿QDQFHLURVGHULYDWLYRV(PGHGH]HPEURGH
HGHGH]HPEURGHQmRKDYLDFRQWUDWRVHQYROYHQGR
RSHUDo}HV GH ³VZDS´ RSo}HV RX RXWURV LQVWUXPHQWRV ¿QDQFHLURV
derivativos na Companhia. 6. Prêmios a receber: 2V SUrPLRV D
UHFHEHUFRQWHPSODPRVSUrPLRVGHHPLVVmRGLUHWDGHDFRUGRFRP
DV YLJrQFLDV FRQWUDWXDLV GDV DSyOLFHV$ &RPSDQKLD DYDOLD SHULRGLFDPHQWHRVYDORUHVUHJLVWUDGRVQDUXEULFD³±5HGXomRDR
YDORUUHFXSHUiYHO´HPDQWpPDWXDOL]DGDDSURYLVmRFRQVWLWXtGDHP
VXD WRWDOLGDGH TXDQGR R SHUtRGR GH LQDGLPSOrQFLD IRU VXSHULRU D
VHVVHQWDGLDVGDGDWDGRYHQFLPHQWRGRFUpGLWR2YDORUSURYLVLRQDGRHPGHGH]HPEURGHpGH5HHPGH
GH]HPEUR GH p GH 5 2 TXDGUR DEDL[R GHPRQVWUD D
PRYLPHQWDomRGRVDOGRGHSUrPLRVDUHFHEHUHQWUHGHGH]HPEUR
GHHGHGH]HPEURGH
3UrPLRVSHQGHQWHVHPGHGH]HPEURGH
496
3UrPLRVHPLWLGRVOtTXLGRV
&REUDGRV&DQFHODGRV
5HGXomRDR9DORU5HFXSHUiYHO
3UrPLRVSHQGHQWHVHPGHGH]HPEURGH
259
DIÁRIO OFICIAL DA INDÚSTRIA E COMÉRCIO
$FRPSRVLomRGRVSUrPLRVDUHFHEHUSRUGHFXUVRGHSUD]RHVWiGHPRQVWUDGDQRTXDGURDEDL[R
Prêmios a Receber
12/2014
12/2013
12/2014
12/2013
12/2014
12/2013
3UrPLRV9HQFLGRV
3UrPLRV9LQFHQGRV
5HGXomRDR9DORU5HFXSHUiYHO
'HDGLDV
'HDGLDV
'HDGLDV
'HDGLDV
'HDGLDV
6XSHULRUDGLDV
Total
991
1.314
14
6
746
824
9DORUHVDUHFHEHU±3UHYLGrQFLD&RPSOHPHQWDU2VYDORUHVDUHFHEHUUHJLVWUDGRVQHVVDUXEULFDVmRGHFRUUHQWHVGDVFRQWULEXLo}HV
DUHFHEHUGHSDUWLFLSDQWHVGHDFRUGRFRPDVFRQGLo}HVSDUWLFXODUHVGHFDGDSODQRHYDORUHVDUHFHEHUGHyUJmRVDYHUEDGRUHVFXMRYDORU
HPGHGH]HPEURGHpGH55HP
&RQWULEXLo}HVSHQGHQWHVHPGHGH]HPEURGH
&RQWULEXLo}HVHPLWLGDVOtTXLGDV
&REUDGRV&DQFHODGRV
3''
&RQWULEXLo}HVSHQGHQWHVHPGHGH]HPEURGH
$FRPSRVLomRGDVFRQWULEXLo}HVDUHFHEHUSRUGHFXUVRGHSUD]RHVWiGHPRQVWUDGDQRTXDGURDEDL[R
&RQWULEXLo}HVD5HFHEHU
12/2014
12/2013
12/2014
12/2013
12/2014
12/2013
&RQWULEXLo}HV9HQFLGDV &RQWULEXLo}HV9LQFHQGDV
5HGXomRDR9DORU5HFXSHUiYHO
'HDGLDV
'HDGLDV
'HDGLDV
'HDGLDV
'HDGLDV
6XSHULRUDGLDV
Total
2.410
2.251
1.816
1.295
7tWXORVHFUpGLWRVDUHFHEHU$FRPSRVLomRGRVWtWXORVHFUpGLWRVDUHFHEHUHPGHGH]HPEURGHHGHGH]HPEURGH
HVWiGHPRQVWUDGDQRTXDGURDEDL[R
12/2014
12/2013
9DORUHVDUHFHEHUGHVRFLHGDGHVOLJDGDV
9DORUHVDUHFHEHUGHRXWUDVLQVWLWXLo}HV
'HSyVLWRVMXGLFLDLVH¿VFDLV
'LUHLWRVGHUHVXOWDGRQDYHQGDGHLPyYHLV
&UpGLWRVWULEXWiULRVHSUHYLGHQFLiULRV
$GLDQWDPHQWRVREUHIROKDGHVDOiULR
$GLDQWDPHQWRDGPLQLVWUDWLYR
6DOGRVEDQFiULRVEORTXHDGRV
2XWURV
Total
6.003
5.186
&LUFXODQWH
1mR&LUFXODQWH
,QYHVWLPHQWRV2VLQYHVWLPHQWRVHVWmRFRPSRVWRVFRPRVHJXH
12/2014
12/2013
7D[D$QXDOGH'HSUHF &XVWRGHDTXLVLomR 'HSUHFLDomR
Saldo Contábil
Saldo Contábil
'HVFULomR
3DUWLFLSDo}HV6RFLHWiULDV
,QFHQWLYRV)LVFDLV
,PyYHLV
7HUUHQRV
(GL¿FDo}HV
7RWDO
,PRELOL]DGR2LPRELOL]DGRHVWiFRPSRVWRFRPRVHJXH
12/2014
12/2013
7D[D$QXDOGH'HSUHF &XVWRGHDTXLVLomR 'HSUHFLDomR 7RWDOGR,PRELOL]DGR 7RWDOGR,PRELOL]DGR
'HVFULomR
(TXLSDPHQWRV(TXLS,QIRUPiWLFD
0yYHLV0iTH8WHQVtOLRV
%HQIHLWRULDV,PyYHLV7HUFHLURV
9HtFXORV
7RWDO
$VEHQIHLWRULDVHPLPyYHLVGHWHUFHLURVVmRDPRUWL]DGDVHPFRQIRUPLGDGHFRPRFRQWUDWRGHDOXJXHORXVHMDFDOFXODGDSHORSHUtRGR
GDGDWDGHDTXLVLomRGDEHQIHLWRULDDWpR¿QDOGRFRQWUDWR$WD[DDSOLFDGDpYDULiYHOGHDFRUGRFRPRSHUtRGRGHYLJrQFLDGRFRQWUDWR
GHDOXJXHOHPFDGD¿OLDO5HVVHJXUR'H¿QLPRVDSROtWLFDGHUHVVHJXURWRPDQGRFRPRSUHPLVVDQRVVDFDSDFLGDGHGHUHWHQomR
SRUULVFRVHJXUDGRHODERUDGDDWUDYpVGHHVWXGRVDWXDULDLV'HVVDGH¿QLomRFRQVWDPRVULVFRVDUHVVHJXUDUOLVWDGRV5HVVHJXUDGRUHV
HJUDXGHFRQFHQWUDomR2VFRQWUDWRVGHUHVVHJXURDXWRPiWLFRVVmR¿UPDGRVHUHQRYDGRVFRPSHULRGLFLGDGHDQXDODOpPGRVWHUPRV
facultativos, consideram condições proporcionais, de forma a reduzir a exposição a riscos isolados. A seguradora atua nos segmentos
de seguro de pessoas e de previdência privada, garantindo através de seus contratos a entrega de um capital ou renda, ao segurado
ou a terceiro, no caso de realização dos riscos segurados relativos à vida humana. 'HSyVLWRVGHWHUFHLURVAs contas registradas
HPGHSyVLWRVGHWHUFHLURVVmRFRPSRVWDVSRUYDORUHVUHFHELGRVHIHWLYDPHQWHHDLQGDQmREDL[DGRVFRQ¿JXUDQGRXPDFRQWDWUDQVLWyULD
RQGHVmRUHJLVWUDGDVDVRSHUDo}HVGHFREUDQoDGHSUrPLRVHEHQHItFLRVGD&RPSDQKLD2VDOGRWRWDOUHJLVWUDGRQHVVHJUXSRHPGH
GH]HPEURGHpGH55HPGHGH]HPEURGH
$FLRQLVWD&RQWD'HSyVLWR Prêmios e Emol. Recebidos 9DORUHVD5HFODV3UHYLG&RPSOHP 2XWURV'HSyVLWRV
12/2014
12/2013
12/2014
12/2013
12/2014
12/2013 12/2014 12/2013
'HDGLDV
'HDGLDV
'HDGLDV
'HDGLDV
'HDGLDV
6XSHULRUDGLDV
Saldo
370
22
'HWDOKDPHQWRHPRYLPHQWDomRGDVSURYLV}HVWpFQLFDV6HJXHDPRYLPHQWDomRGDVSURYLV}HVWpFQLFDVUHIHUHQWHDRDQRGH
0RYLPHQWDomRGDVSURYLV}HVWpFQLFDVEUXWDVGHUHVVHJXUR3UHYLGrQFLD9*%/H9LGD,QGLYLGXDO
3URYLVmR
6DOGRHP 5HYHUVmR &RQVWLWXLomR 3DJDPHQWR~QLFR 6DOGRHP
30%$&
30%&
331*
331*591(
395
,%15
3'$
36/
7RWDO
0RYLPHQWDomRGDVSURYLV}HVWpFQLFDVOtTXLGDVGHUHVVHJXUR3UHYLGrQFLD9*%/H9LGD,QGLYLGXDO
3URYLVmR
6DOGRHP 5HYHUVmR &RQVWLWXLomR 3DJDPHQWR~QLFR 6DOGRHP
30%$&
30%&
331*
331*591(
395
,%15
3'$
36/
7RWDO
0RYLPHQWDomRGDV3URYLV}HV7pFQLFDV6HJXURV%UXWDGH5HVVHJXUR
3URYLVmR
6DOGRHP 5HYHUVmR &RQVWLWXLomR 3DJDPHQWR~QLFR 6DOGRHP
331*
331*591(
36/
,%15
3'5
7RWDO
0RYLPHQWDomRGDV3URYLV}HV7pFQLFDV6HJXURV/tTXLGDGH5HVVHJXUR
3URYLVmR
6DOGRHP 5HYHUVmR &RQVWLWXLomR 3DJDPHQWR~QLFR 6DOGRHP
331*
331*591(
36/
,%15
3'5
7RWDO
'HVHQYROYLPHQWRGHVLQLVWURV2TXDGURGHGHVHQYROYLPHQWRGHVLQLVWURVWHPRREMHWLYRGHDSUHVHQWDURJUDXGHLQFHUWH]DH[LVWHQWH
QDHVWLPDWLYDGRPRQWDQWHGHVLQLVWURVRFRUULGRVQDGDWDGHSXEOLFDomRGREDODQoR3DUWLQGRGRSHUtRGRHPTXHRVLQLVWURRFRUUHXHR
PRQWDQWHHVWLPDGRQHVWHPHVPRSHUtRGRQDSULPHLUDOLQKDGRTXDGURDEDL[RpDSUHVHQWDGRFRPRHVWHPRQWDQWHYDULDQRGHFRUUHUGRV
SHUtRGRVFRQIRUPHVmRREWLGDVLQIRUPDo}HVPDLVSUHFLVDVVREUHDIUHTXrQFLDHVHYHULGDGHGRVVLQLVWURVjPHGLGDTXHRVVLQLVWURVVmR
avisados para a Companhia.
(PPLOKDUHV
7$%(/$'('(6(192/9,0(172'(6,1,67526
0RQWDQWHHVWLPDGRSDUDRVVLQLVWURV MXQ GH] MXQ GH] MXQGH] MXQ GH] MXQ GH] MXQGH]727$/
1R¿QDOGRVHPHVWUHGRDYLVR
8PVHPHVWUHDSyVRDYLVR
'RLVVHPHVWUHVDSyVRDYLVR
7UrVVHPHVWUHVDSyVRDYLVR
4XDWURVHPHVWUHVDSyVRDYLVR
&LQFRVHPHVWUHVDSyVRDYLVR
6HLVVHPHVWUHVDSyVRDYLVR
6HWHVHPHVWUHVDSyVRDYLVR
2LWRVHPHVWUHVDSyVRDYLVR
1RYHVHPHVWUHVDSyVRDYLVR
'H]VHPHVWUHVDSyVRDYLVR
2Q]HVHPHVWUHVDSyVRDYLVR
(VWLPDWLYDFRUUHQWH
3DJDPHQWRVDFXPXODGRVDWpDGDWDEDVH
3DVVLYRUHFRQKHFLGRQREDODQoR
3DVVLYRVFRQWLQJHQWHVD2EULJDo}HVOHJDLV$&RPSDQKLDGHVLVWLXGDVDo}HVMXGLFLDLVUHIHUHQWHVDH[HFXo}HV¿VFDLVUHODWLYDV
DGLYHUVRVWULEXWRVHLQFOXLXRVGpELWRVQRSDUFHODPHQWRGD/HL1mRFRQVWDYDORUHVQHVVDUXEULFDQRH[HUFtFLRGHHQR
H[HUFtFLRGHE3URYLV}HVUHODFLRQDGDVDEHQHItFLRVHVLQLVWURVMXGLFLDLVFtYHLVHWUDEDOKLVWDV%HQHItFLRV6LQLVWURV2V
SURFHVVRVUHODFLRQDGRVDEHQHItFLRVVLQLVWURVHVWmRUHJLVWUDGRVQRJUXSR³3URYLV}HVWpFQLFDV´QDVUXEULFDV³3URYLVmRGH6LQLVWURVD/LTXLGDU´H³3URYLVmRGH6LQLVWURVD/LTXLGDU-XGLFLDLV´UHVSHFWLYDPHQWH5HIHUHPVHjHVWLPDWLYDGHSHUGDVSURYiYHLVHPDo}HVUHIHUHQWHV
DEHQHItFLRVVLQLVWURVGHFRUUHQWHVGRFXUVRQRUPDOGDVRSHUDo}HVFXMDVREULJDo}HVHYDORUHVYrPVHQGRGLVFXWLGRVMXGLFLDOPHQWHSHOD
&RPSDQKLD$$GPLQLVWUDomRFRQVWLWXLDVSURYLV}HVGHDFRUGRFRPRVFULWpULRVHVWDEHOHFLGRVQRSURQXQFLDPHQWRWpFQLFR&3&QGR&RPLWrGH3URQXQFLDPHQWRV&RQWiEHLVFRPEDVHQDRSLQLmRGHVHXVFRQVXOWRUHVMXUtGLFRVQDMXULVSUXGrQFLDQRKLVWyULFRSURFHVVXDOJHUDGR
HPGHPDQGDVDQWHULRUHVQDDQiOLVHGDVGHPDQGDVMXGLFLDLVSHQGHQWHVQDH[SHULrQFLDDQWHULRUUHIHUHQWHjVTXDQWLDVUHLYLQGLFDGDVEHP
FRPRQDLPSRUWkQFLDVHJXUDGDHUHJXODo}HVWpFQLFDV2VDOGRUHJLVWUDGRGHEHQHItFLRVHPGHGH]HPEURGHpGH55
HPGHGH]HPEURGH-iRVDOGRUHJLVWUDGRGHVLQLVWURHPGHGH]HPEURGHpGH55HPGHGH]HPEUR
GH&tYHLV$&RPSDQKLDpSDUWHHPRXWURVSURFHVVRVMXGLFLDLVHPUD]mRGRFXUVRQRUPDOGHVXDVRSHUDo}HV$$GPLQLVWUDomR
DFRPSDQKDRDQGDPHQWRGHVVHVSURFHVVRVHFRPEDVHQDRSLQLmRGHVHXVDVVHVVRUHVOHJDLVSDUDWRGRVDTXHOHVSURFHVVRVFXMRGHVIHFKRGHVIDYRUiYHOpDYDOLDGRFRPRSURYiYHOpFRQVWLWXtGDSURYLVmRSDUDSHUGDHYHQWXDO2VDOGRUHJLVWUDGRHPGHGH]HPEURGHp
GH55HPGHGH]HPEURGH7UDEDOKLVWDV2VSDVVLYRVFRQWLQJHQWHVGHFRUUHQWHVGHOLWtJLRVWUDEDOKLVWDVVmRDSXUDGRV
FRPEDVHQDPpGLDSRQGHUDGDGDVSHUGDVRFRUULGDVQRV~OWLPRVGR]HPHVHVDSOLFDGDVREUHDVFDXVDVHPDEHUWRHTXDQGRDSOLFiYHO
VmRFRPSOHPHQWDGDVSRUSURYLVmRSDUDFDXVDVHVSHFt¿FDV2VDOGRUHJLVWUDGRHPGHGH]HPEURGHpGH55HPGH
GH]HPEURGHF&RPSRVLomRHPRYLPHQWDomRGRVSDVVLYRVFRQWLQJHQWHVHREULJDo}HVOHJDLV$SURYLVmRGDVDo}HVMXGLFLDLV
Continua
DIÁRIO OFICIAL DA INDÚSTRIA E COMÉRCIO
Continuação
HPDQGDPHQWRHPGHGH]HPEURGHHGHGH]HPEURGHVHJXQGRDYDOLDomRGRVDVVHVVRUHVMXUtGLFRVGD&RPSDQKLDp
GHPRQVWUDGDQRTXDGURDEDL[R
12/2014
12/2013
9DORU
9DORU 4XDQWLGDGH
9DORU
9DORU 4XDQWLGDGH
3UREDELOLGDGHGHSHUGD
UHFODPDGR SURYLVLRQDGR
GHDo}HV
UHFODPDGR SURYLVLRQDGR
GHDo}HV
Sinistro
3URYiYHO
3RVVtYHO
Remota
Total
752
155
23
658
45
20
%HQHItFLRV
3URYiYHO
3RVVtYHO
Remota
Total
8.388
3.738
578
7.971
3.105
540
&tYHLV
3URYiYHO
3RVVtYHO
Remota
Total
81.673
100
87
76.729
25
43
7UDEDOKLVWD
3URYiYHO
3RVVtYHO
Remota
Total
2.280
596
22
2.602
451
17
)LVFDLV
$&RPSDQKLDQmRSRVVXLDo}HV¿VFDLVQRVH[HUFtFLRVGH
H2TXDGURDEDL[RGHPRQVWUDDPRYLPHQWDomRGRVDOGRGH
SURYLV}HVMXGLFLDLVHQWUHGHGH]HPEURGHHGHGH]HPEURGHDEUDQJHQGRDVSURYLV}HVFtYHLVWUDEDOKLVWDVH¿VFDLV
6DOGRLQLFLDOHPGHGH]HPEURGH
%DL[D5HYHUVmR
,QFOXV}HV
$WXDOL]Do}HV
6DOGR¿QDOHPGHGH]HPEURGH
2TXDGURDEDL[RGHPRQVWUDDGLVFULPLQDomRGDVSURYLV}HVMXGLFLDLV
GHVLQLVWURVEHQHItFLRVHQWUHGHGH]HPEURGHHGHGH]HPEURGH
HPPLOKDUHV
12/2014 12/2013
6DOGRLQLFLDOGRSHUtRGR
7RWDOSDJRQRSHUtRGR
7RWDOSURYLVLRQDGRGHDo}HVSDJDV
1RYDVFRQVWLWXLo}HVQRSHUtRGREDVH
1RYDVFRQVWLWXLo}HVH[HUFtFLRVDQWHULRUHV
%DL[DSURYLVmRSRUr[LWR
$OWHUDomRGHHVWLPDWLYDV
$WXDOL]DomRPRQHWiULD
6DOGR¿QDOGRSHUtRGR
%HQHItFLRV D HPSUHJDGRV $V REULJDo}HV GH EHQHItFLRV GH
curto prazo para empregados são reconhecidas pelo valor espeUDGRDVHUSDJRHODQoDGDVFRPRGHVSHVDjPHGLGDTXHRVHUYLoR UHVSHFWLYR p SUHVWDGR$ &RPSDQKLD DOpP GRV EHQHItFLRV DRV
HPSUHJDGRV H[LJLGRV SHOR DFRUGR FROHWLYR FRPR WLFNHW UHIHLomR H
DOLPHQWDomRDX[tOLRFUHFKHEDEiYDOHWUDQVSRUWHHSODQRGHDVVLVWrQFLD PpGLFD WDPEpP RIHUHFH DX[tOLR HGXFDomR H DVVLVWrQFLD
RGRQWROyJLFD 3DWULP{QLR OtTXLGR D &DSLWDO VRFLDO 2 FDSLWDO VRFLDO HP GH GH]HPEUR GH p GH 5 H HVWi
UHSUHVHQWDGRSRUDo}HVRUGLQiULDVQRPLQDWLYDVVHPYDORU
QRPLQDO WRGDV SHUWHQFHQWHV D DFLRQLVWDV GRPLFLOLDGRV QR SDtV E
'LYLGHQGRV2VDFLRQLVWDVWrPGLUHLWRDXPGLYLGHQGRREULJDWyULR
QmRLQIHULRUDGROXFUROtTXLGRGRH[HUFtFLRDMXVWDGRGHDFRUGR
FRPDOHLVRFLHWiULDHRHVWDWXWR1RH[HUFtFLRGHROXFURGR
H[HUFtFLRIRLWRWDOPHQWHDEVRUYLGRSHORV3UHMXt]RV$FXPXODGRVF
5HVHUYDOHJDO&RQVWLWXtGDDR¿QDOGRH[HUFtFLRQDIRUPDSUHYLVWDQDOHJLVODomRVRFLHWiULDEUDVLOHLUDSRGHQGRVHUXWLOL]DGDSDUDD
FRPSHQVDomR GH SUHMXt]RV RX SDUD DXPHQWR GH FDSLWDO VRFLDO G
5HVHUYD HVWDWXWiULD Conforme previsto no artigo 30, parágrafo
1o, do Estatuto Social a parcela remanescente dos lucros anuais,
QmR GHVWLQDGD j FRQVWLWXLomR GD UHVHUYD OHJDO H D GLVWULEXLomR GH
dividendos, é transferida à conta de reserva estatutária. H/XFUR
SUHMXt]RSRUDomR$WDEHODDVHJXLUHVWDEHOHFHRFiOFXORGROXFUR
OtTXLGRSUHMXt]RSRUDomRSDUDRVH[HUFtFLRV¿QGRVHPH
HPPLOKDUHVH[FHWRROXFUROtTXLGRSUHMXt]RSRUDomR
12/2014 12/2013
/XFUR/tTXLGR3UHMXt]RGRSHUtRGR
4XDQWLGDGHGHDo}HV
3UHMXt]ROXFURSRUDomR±EiVLFRHGLOXtGRHP5
I 3DWULP{QLR OtTXLGR DMXVWDGR 3/$ PDUJHP GH VROYrQFLD H
H[LJrQFLDGHFDSLWDO(PGHGH]HPEURGHRFiOFXORGR
FDSLWDO PtQLPR UHTXHULGR p FDOFXODGR FRQIRUPH UHTXHULPHQWRV GD
5HVROXomR&163GHGHGH]HPEURGH
3$75,0Ð1,2/Ë48,'2$-867$'2
12/2014 12/2013
3DWULP{QLR/tTXLGR
'HVSHVDV$QWHFLSDGDV
&UpGLWRV7ULEXWiULRV
$WLYRV,QWDQJtYHLV
3DUWLFHP6RF)LQDQF
$WLYR'LIHULGR
3DWULP{QLR/tTXLGR$MXVWDGR
0$5*(0'(62/9Ç1&,$
3UrPLRV5HWLGRV~OWLPRVPHVHV
6LQLVWURV5HWLGRV~OWLPRVPHVHV
0DUJHPGH6ROYrQFLDD
&$3,7$/%$6(&%E
&$3,7$/'(5,6&2
&DSLWDOGHVXEVFULomR&5VXEV
&DSLWDOGHFUpGLWR&5FUHG
&DSLWDORSHUDFLRQDO&URSHU
&RUUHODomR
&DSLWDOGHULVFR&5F
&$3,7$/0Ë1,025(48(5,'2
3DWULPRQLR/tTXLGR$MXVWDGR
([LJrQFLDGH&DSLWDO(&PDLRUHQWUHDERXF
- 15.000
([LJrQFLDGH&DSLWDO(&PDLRUHQWUHERXF 15.000
6X¿FLrQFLD,QVX¿FLrQFLDGH&DSLWDO5
6X¿FLrQFLD,QVX¿FLrQFLDGH&DSLWDOGD(& $WLYRV/tTXLGRV/LYUHV
GR&05
/LTXLGH]HPUHODomRDR&05
17. Transações com partes relacionadas: A Investprev realiza
RSHUDo}HVFRPHPSUHVDVLQWHJUDQWHVGRJUXSR¿QDQFHLURDVTXDLV
HVWmRGHPRQVWUDGDVFRQIRUPHTXDGURDEDL[R
12/2014
12/2013
$WLYR 5HFHLWD
$WLYR 5HFHLWD
3DVVLYR 'HVSHVD3DVVLYR 'HVSHVD
%DQFR5XUDO6$
'LVSRQtYHO
7tWXORVH&UpGLWRVD5HFHEHU
2EULJDo}HVD3DJDU
2XWUDV5HFHLWDV2SHUDFLRQDLV
103
,QYHVWSUHY6HJXUDGRUD6$
7tWXORVH&UpGLWRVD5HFHEHU
2EULJDo}HVD3DJDU
2XWUDV5HFHLWDV2SHUDFLRQDLV
2.130
563UHYLGrQFLD
7tWXORVH&UpGLWRVD5HFHEHU
2EULJDo}HVD3DJDU
5HIHUHVHjVFRQWDVFRUUHQWHVEDQFiULDVTXHD&RPSDQKLDSRVVXLQR%DQFR5XUDO6$5HVVDUFLPHQWRGHGHVSHVDVSDUDD56
Previdência, em função da transferência da carteira (ocorrida em
DEULOGHLRemuneração do pessoal chave da Administração
$ &RPSDQKLD QmR SRVVXL EHQHItFLRV GH FXUWR H ORQJR SUD]R GH
UHVFLVmRGHFRQWUDWRGHWUDEDOKRRXUHPXQHUDomRSDUDVHXSHVVRDO
chave da Administração. ii. 2XWUDVLQIRUPDo}HV - Conforme legislação em vigor, sociedades seguradoras, entidade de previdência e
sociedades de capitalização não podem conceder empréstimos ou
DGLDQWDPHQWRV SDUD D 'LUHWRUHV H PHPEURV GRV FRQVHOKRV FRQVXOWLYRV RX DGPLQLVWUDWLYR ¿VFDLV H VHPHOKDQWHV EHP FRPR VHXV
F{QMXJHVHUHVSHFWLYRVSDUHQWHVDWpRJUDXE3HVVRDVItVLFDV
RX MXUtGLFDV TXH SDUWLFLSHP GH VHX FDSLWDO FRP PDLV GH F
3HVVRDVMXUtGLFDVGHFXMRFDSLWDOSDUWLFLSHPFRPPDLVGHGD
SUySULD&RPSDQKLDTXDLVTXHUGLUHWRUHVRXDGPLQLVWUDGRUHVGDSUySULD&RPSDQKLDEHPFRPRVHXVF{QMXJHVHUHVSHFWLYRVSDUHQWHV
DWpRJUDX'HVVDIRUPDQmRIRUDPHIHWXDGRVSHOD&RPSDQKLD
HPSUpVWLPRVRXDGLDQWDPHQWRVDTXDOTXHUVXEVLGLiULDPHPEURVGR
&RQVHOKRGH$GPLQLVWUDomRRXGD'LUHWRULDHVHXVIDPLOLDUHV
'HWDOKDPHQWRGHFRQWDVGRUHVXOWDGRD5DPRVGHDWXDomRHtQGLFHVGHVLQLVWUDOLGDGHHFRPHUFLDOL]DomR
ËQGLFHGH
ËQGLFHGH
3UrPLRVJDQKRV Sinistros retidos
Sinistralidade
comissionamento
Ramos
12/2014 12/2013 12/2014 12/2013
12/2014
12/2013
12/2014
12/2013
±3UHVWDPLVWD
±$3,QGLYLGXDO
±$3&ROHWLYR
±9LGDLQGLYLGXDO
±9LGDHPJUXSR
2XWURV
±'39$7
Pecúlio
Total
38.699
11.909 E6LQLVWURV
,QGHQL]Do}HVDYLVDGDV
'HVSHVDVFRPVLQLVWURV
9DULDomRGDVSURYLV}HVGHVLQLVWURV
RFRUULGRVPDVQmRDYLVDGRV
'HVSHVDVFRPEHQHItFLRV
Provisão de eventos ocorridos mas
QmRDYLVDGRV3HQVmRSHF~OLRLQYDOLGH]
Total
F&XVWRGHDTXLVLomR
3UHYLGrQFLD
'HVSHVDVGHFRUUHWDJHPDJHQFLDPHQWR
'HVSHVDVGHFXVWHDPHQWRGHYHQGDV
2XWUDVGHVSHVDVGHFRPHUFLDOL]DomR
Total
12/2014 12/2013 6HJXURV
12/2014 12/2013
&RPLVV}HV9*%/
Total
12/2014 12/2013
G'HVSHVDVDGPLQLVWUDWLYDV
'HVSHVDVFRP3HVVRDO3UySULR
'HVSHVDVFRP6HUYLoRVGH7HUFHLURV
'HVSHVDVFRP/RFDOL]DomRH)XQFLRQDPHQWR
'HVSHVDVFRP3XEOLFLGDGHH3URSDJDQGDV
'HVSHVDVFRP3XEOLFDo}HV
12/2014 12/2013
'HVSHVDVFRP'RQDWLYRVH&RQWULEXLo}HV
2XWUDV
(1.306)
- 'HVSHVDV$GPLQLVWUDWLYDVGR&RQYrQLR'SYDW
Total
Porto Alegre, sexta-feira, 27 de fevereiro de 2015
H'HVSHVDVFRPWULEXWRV
'HVSHVDVFRP,PSRVWRV)HGHUDLV
'HVSHVDVFRP,PSRVWRV(VWDGXDLV
'HVSHVDVFRP,PSRVWRV0XQLFLSDLV
'HVSHVDVFRP&2),16
'HVSHVDVFRP3,63$6(3
'HVSHVDVFRP&RQWULEXLomR6LQGLFDO
'HVSHVDVFRP7D[DGH)LVFDOL]DomR686(3
12/2014 12/2013
I5HVXOWDGR)LQDQFHLUR
5HFHLWDV)LQDQFHLUDV
5HFHLWDGH$SOLFDo}HVQR0HUFDGR$EHUWR
5HFHLWDFRP7tWXORVGH5HQGD)L[D3ULYDGRV
5HFHLWDFRP7tWXORVGH5HQGD)L[D3~EOLFRV
5HFHLWDFRP7tWXORVGH5HQGD9DULiYHO
5HFHLWDFRP2SHUDo}HVGH6HJXURV
5HFHLWDFRP&UpGLWRV7ULEXWiULRV
5HFHLWDV)LQDQFHLUDV±&RQVyUFLR'SYDW
5HFHLWDVFRP'HSyVLWRV-XGLFLDLVH)LVFDLV
5HFHLWDVFRP)XQGRVGH,QYHVWLPHQWR
Receitas Financeiras – Previdência Complementar
Receitas Financeiras Eventuais
2
2
7RWDO5HFHLWDV)LQDQFHLUDV
8.396
3.974
'HVSHVDV)LQDQFHLUDV
'HVSHVDVF7tWXORVGH5HQGD9DULiYHO
'HVSHVDV)LQDQFF5HQGD)L[D
'HVSHVDV)LQDQF3URY6LQ/LTXLGDU
'HVSHVDV)LQDQF5HVVHJXUR&HGLGR
'HVSHVDV)LQDQF3URY7pF9LGD&REHUW6REUHY
'HVSHVDV)LQDQF3URY7pF3UHY
&RPSOHP3ODQRV%ORT
'HVSHVDV)LQDQF3URY7pF3UHY
&RPSO3ODQR1mR%ORT
57
(QFDUJRVVREUH7ULEXWRV
2XWUDV'HVSHVDV)LQDQFHLUDV
'HVSHVDV)LQDQFHLUDV6HJXURV
'HVSHVDV)LQDQFHLUDV±&RQVyUFLR'SYDW
(11)
7RWDO'HVSHVDV)LQDQFHLUDV
7RWDO5HVXOWDGR)LQDQFHLUR
J*DQKRVRXSHUGDVFRPDWLYRVQmRFRUUHQWHV
Ganhos ou perdas com ativos não correntes
12/2014 12/2013
5HVXOWDGRQDDOLHQDomRGHEHQVGRDWLYRSHUPDQHQWH Resultado de outras operações
Ganho com ativos não correntes
K ,PSRVWR GH UHQGD H FRQWULEXLomR VRFLDO 2 LPSRVWR GH UHQGD
H D FRQWULEXLomR VRFLDO FDOFXODGRV FRP EDVH QDV DOtTXRWDV R¿FLDLV
estão reconciliados para os valores reconhecidos nas demonstrações
GRUHVXOWDGRFRPRVHJXH
12/2014
12/2013
'HVFULomR
,53- &6// ,53- &6//
Resultado antes do imposto de
UHQGDFRQWULEXLomRVRFLDOH
SDUWLFLSDomRQRVUHVXOWDGRV
'HVSHVDVQmRGHGXWtYHLV
5HFHLWDVQmRWULEXWiYHLV
%DVHGHFiOFXORDQWHVGDV
FRPSHQVDo}HV
&RPSHQVDo}HV
,PSRVWRGHUHQGD
,PSRVWRGHUHQGD±DOtTXRWD
DGLFLRQDO
&RQWULEXLomRVRFLDO
'HGXomRGRVLQFHQWLYRV¿VFDLV Total
271
129
3RUWR$OHJUHGHIHYHUHLURGH
'LUHWRULD([HFXWLYD
*HUDOGR+HQULTXHGH&DVWUR
'LUHWRU3UHVLGHQWH
Contadora Responsável
/XFLDQD0DULD2XULTXH3HL[RWR
&5&56±2
)OiYLR7DERDGD
'LUHWRU9LFH3UHVLGHQWH
/XFLDQR*UDQHWR9LHLUD
'LUHWRU
Atuário Responsável
&DUORV+HQULTXH5DGDQRYLWVFN
0,%$±
3DUHFHUGRV$XGLWRUHV$WXDULDLV,QGHSHQGHQWHV
$RV$GPLQLVWUDGRUHVH$FLRQLVWDVGD,QYHVWSUHY6HJXURVH3UHYLGrQFLD6$
([DPLQDPRV DV SURYLV}HV WpFQLFDV UHJLVWUDGDV QDV GHPRQVWUDo}HV ¿QDQFHLUDV H RV GHPRQVWUDWLYRV GR FDSLWDO PtQLPR GD VROYrQFLD H
GRVOLPLWHVGHUHWHQomRGD,QYHVWSUHY6HJXURVH3UHYLGrQFLD6$³&RPSDQKLD´HPHODERUDGRVVREDUHVSRQVDELOLGDGHGH
VXD$GPLQLVWUDomRHPFRQIRUPLGDGHFRPRVSULQFtSLRVDWXDULDLVGLYXOJDGRVSHOR,QVWLWXWR%UDVLOHLURGH$WXiULD±,%$HFRPDVQRUPDVGD
6XSHULQWHQGrQFLDGH6HJXURV3ULYDGRV±686(3
5HVSRQVDELOLGDGHGD$GPLQLVWUDomRA Administração da Companhia é responsável pelas provisões técnicas registradas nas demonstrao}HV¿QDQFHLUDVHSHORVGHPRQVWUDWLYRVGHFDSLWDOPtQLPRGDVROYrQFLDHGRVOLPLWHVGHUHWHQomRHODERUDGRVGHDFRUGRFRPRVSULQFtSLRV
DWXDULDLVGLYXOJDGRVSHOR,QVWLWXWR%UDVLOHLURGH$WXiULD±,%$HFRPDVQRUPDVGD6XSHULQWHQGrQFLDGH6HJXURV3ULYDGRV±686(3HSHORV
FRQWUROHVLQWHUQRVTXHHODGHWHUPLQRXVHUHPQHFHVViULRVSDUDSHUPLWLUDVXDHODERUDomROLYUHGHGLVWRUomRUHOHYDQWHLQGHSHQGHQWHPHQWH
se causada por fraude ou erro.
5HVSRQVDELOLGDGH GD $XGLWRULD ,QGHSHQGHQWH 1RVVD UHVSRQVDELOLGDGH p D GH H[SUHVVDU XPD RSLQLmR VREUH DV SURYLV}HV WpFQLFDV
UHJLVWUDGDVQDVGHPRQVWUDo}HV¿QDQFHLUDVHRVGHPRQVWUDWLYRVGRFDSLWDOPtQLPRGDVROYrQFLDHGRVOLPLWHVGHUHWHQomRFRPEDVHHP
QRVVDDXGLWRULDDWXDULDOFRQGX]LGDGHDFRUGRFRPRVSULQFtSLRVDWXDULDLVHPLWLGRVSHOR,QVWLWXWR%UDVLOHLURGH$WXiULD±,%$(VWHVSULQFtSLRV
DWXDULDLVUHTXHUHPTXHDDXGLWRULDDWXDULDOVHMDSODQHMDGDHH[HFXWDGDFRPRREMHWLYRGHREWHUVHJXUDQoDUD]RiYHOGHTXHDVSURYLV}HV
WpFQLFDVUHJLVWUDGDVQDVGHPRQVWUDo}HV¿QDQFHLUDVHRVGHPRQVWUDWLYRVGRFDSLWDOPtQLPRGDVROYrQFLDHGRVOLPLWHVGHUHWHQomRHVWmR
livres de distorção relevante.
8PDDXGLWRULDDWXDULDOHQYROYHDH[HFXomRGHSURFHGLPHQWRVVHOHFLRQDGRVSDUDREWHQomRGHHYLGrQFLDDUHVSHLWRGRVYDORUHVGDVSURYLV}HVWpFQLFDVUHJLVWUDGDVQDVGHPRQVWUDo}HV¿QDQFHLUDVHGRVGHPRQVWUDWLYRVGRFDSLWDOPtQLPRGDVROYrQFLDHGRVOLPLWHVGHUHWHQomR
2VSURFHGLPHQWRVVHOHFLRQDGRVGHSHQGHPGRMXOJDPHQWRGRDWXiULRLQFOXLQGRDDYDOLDomRGRVULVFRVGHGLVWRUomRUHOHYDQWHLQGHSHQGHQWHPHQWHVHFDXVDGDSRUIUDXGHRXHUUR1HVVDVDYDOLDo}HVGHULVFRRDWXiULRFRQVLGHUDRVFRQWUROHVLQWHUQRVUHOHYDQWHVSDUDRFiOFXORH
HODERUDomRGDVSURYLV}HVWpFQLFDVUHJLVWUDGDVQDVGHPRQVWUDo}HV¿QDQFHLUDVHGRVGHPRQVWUDWLYRVGRFDSLWDOPtQLPRGDVROYrQFLDHGRV
OLPLWHVGHUHWHQomRGD&RPSDQKLDSDUDSODQHMDUSURFHGLPHQWRVGHDXGLWRULDDWXDULDOTXHVmRDSURSULDGRVQDVFLUFXQVWkQFLDVPDVQmRSDUD
¿QVGHH[SUHVVDUXPDRSLQLmRVREUHDHIHWLYLGDGHGHVVHVFRQWUROHVLQWHUQRVGD&RPSDQKLD
$FUHGLWDPRVTXHDHYLGrQFLDGHDXGLWRULDREWLGDpVX¿FLHQWHHDSURSULDGDSDUDIXQGDPHQWDUQRVVDRSLQLmRGHDXGLWRULDDWXDULDO
%DVHSDUD2SLQLmR$&RPSDQKLDPHQFLRQRXQD1RWDQDFHUFDGRVLQYHVWLPHQWRVTXHHVWiID]HQGRSDUDPHOKRULDGRVVHXVVLVWHPDV
GHLQIRUPDomRHPSURGXomRDSDUWLUGHDEULO$VEDVHVGHGDGRVXWLOL]DGDVSDUDWHVWDUDFRQVLVWrQFLDGDVSURYLV}HVGHVLQLVWURVD
OLTXLGDU36/HGHVLQLVWURVRFRUULGRVHQmRDYLVDGRV,%15DVVLPFRPRGDVSURYLV}HVGHEHQHItFLRVDFRQFHGHU30%$&HGHUHVJDWHVH
RXWURVYDORUHVDUHJXODUL]DU395UHODFLRQDGDVjVRSHUDo}HVGHSUHYLGrQFLDWUDGLFLRQDOQmRGHPDQGDUDPDTXDOL¿FDomRQHFHVViULDHP
UHODomRDGHWHUPLQDGRVSHUtRGRVPDLVSUHWpULWRVFXMDPHOKRULDMiVHSRGHREVHUYDU
2SLQLmR(PQRVVDRSLQLmRDVSURYLV}HVWpFQLFDVUHJLVWUDGDVQDVGHPRQVWUDo}HV¿QDQFHLUDVFRPH[FHomRGRPHQFLRQDGRQRSDUiJUDIR
DQWHULRUHRVGHPRQVWUDWLYRVGRFDSLWDOPtQLPRGDVROYrQFLDHGRVOLPLWHVGHUHWHQomRGD&RPSDQKLDHPGHGH]HPEURGHIRUDP
HODERUDGRVHPWRGRVRVDVSHFWRVUHOHYDQWHVGHDFRUGRFRPDVQRUPDVHRULHQWDo}HVHPLWLGDVSHORVyUJmRVUHJXODGRUHVHSHOR,QVWLWXWR
%UDVLOHLURGH$WXiULD±,%$3RUWR$OHJUHGHIHYHUHLURGH
(GHU*HUVRQ$JXLDUGH2OLYHLUD$WXiULR0,%$
$78È5,$%5$6,/$VVHVVRULD&RQVXOWRULDH$XGLWRULD66/WGD&,%$
&13-5XD*HQHUDO&kPDUDQ&RQM±32$56
5HODWyULRGRV$XGLWRUHV,QGHSHQGHQWHVVREUHDV'HPRQVWUDo}HV)LQDQFHLUDV
$RV'LUHWRUHVH$FLRQLVWDVGD
GDV GHPRQVWUDo}HV ¿QDQFHLUDV GD &RPSDQKLD SDUD SODQHMDU RV
,QYHVW3UHY6HJXURVH3UHYLGrQFLD6$
SURFHGLPHQWRVGHDXGLWRULDTXHVmRDSURSULDGRVQDVFLUFXQVWkQFLDV
([DPLQDPRV DV GHPRQVWUDo}HV ¿QDQFHLUDV GD ,QYHVW3UHY PDVQmRSDUD¿QVGHH[SUHVVDUXPDRSLQLmRVREUHDH¿FiFLDGHVVHV
6HJXURV H 3UHYLGrQFLD 6$ ³&RPSDQKLD´ TXH FRPSUHHQGHP R FRQWUROHV LQWHUQRV GD &RPSDQKLD 8PD DXGLWRULD LQFOXL WDPEpP
EDODQoRSDWULPRQLDOHPGHGH]HPEURGHHDVUHVSHFWLYDV D DYDOLDomR GD DGHTXDomR GDV SUiWLFDV FRQWiEHLV XWLOL]DGDV H D
GHPRQVWUDo}HV GR UHVXOWDGR GDV PXWDo}HV GR SDWULP{QLR OtTXLGR UD]RDELOLGDGH GDV HVWLPDWLYDV FRQWiEHLV IHLWDV SHOD $GPLQLVWUDomR
H GRV ÀX[RV GH FDL[D SDUD R VHPHVWUH ¿QGR QDTXHOD GDWD DVVLP EHP FRPR D DYDOLDomR GD DSUHVHQWDomR GDV GHPRQVWUDo}HV
FRPR R UHVXPR GDV SULQFLSDLV SUiWLFDV FRQWiEHLV H GHPDLV QRWDV ¿QDQFHLUDVWRPDGDVHPFRQMXQWR
explicativas.
$FUHGLWDPRV TXH D HYLGrQFLD GH DXGLWRULD REWLGD p VX¿FLHQWH H
5HVSRQVDELOLGDGHGD$GPLQLVWUDomRVREUHDV'HPRQVWUDo}HV apropriada para fundamentar nossa opinião.
)LQDQFHLUDV A administração da Companhia é responsável pela 2SLQLmR VHP UHVVDOYD Em nossa opinião, as demonstrações
HODERUDomR H DGHTXDGD DSUHVHQWDomR GHVVDV GHPRQVWUDo}HV ¿QDQFHLUDVDQWHULRUPHQWHUHIHULGDVDSUHVHQWDPDGHTXDGDPHQWHHP
¿QDQFHLUDVGHDFRUGRFRPDVSUiWLFDVFRQWiEHLVDGRWDGDVQR%UDVLO WRGRV RV DVSHFWRV UHOHYDQWHV D SRVLomR SDWULPRQLDO H ¿QDQFHLUD GD
aplicáveis às entidades supervisionadas pela Superintendência ,QYHVW3UHY6HJXURVH3UHYLGrQFLD6$HPGHGH]HPEURGH
GH 6HJXURV 3ULYDGRV ± 686(3 H SHORV FRQWUROHV LQWHUQRV TXH RGHVHPSHQKRGHVXDVRSHUDo}HVHRVVHXVÀX[RVGHFDL[DSDUDR
HOD GHWHUPLQRX FRPR QHFHVViULRV SDUD SHUPLWLU D HODERUDomR H[HUFtFLR ¿QGR QDTXHOD GDWD GH DFRUGR FRP DV SUiWLFDV FRQWiEHLV
GH GHPRQVWUDo}HV ¿QDQFHLUDV OLYUHV GH GLVWRUomR UHOHYDQWH adotadas no Brasil aplicáveis às entidades supervisionadas pela
independentemente se causada por fraude ou erro.
6XSHULQWHQGrQFLDGH6HJXURV3ULYDGRV±686(3
5HVSRQVDELOLGDGH GRV $XGLWRUHV ,QGHSHQGHQWHV 1RVVD ÇQIDVH2FRQWUROHDFLRQiULRGDFRPSDQKLDpGHWLGRSHOR%DQFR5XUDO
UHVSRQVDELOLGDGH p D GH H[SUHVVDU XPD RSLQLmR VREUH HVVDV 6$ ± (0 /,48,'$d2 (;75$-8',&,$/$VVLP R /LTXLGDQWH GR
GHPRQVWUDo}HV ¿QDQFHLUDV FRP EDVH HP QRVVD DXGLWRULD Banco Rural S.A. – E.L.E, foi autorizado pelo Banco Central do Brasil
FRQGX]LGD GH DFRUGR FRP DV QRUPDV EUDVLOHLUDV H LQWHUQDFLRQDLV a alienar a participação acionária detida na companhia, através de um
GH DXGLWRULD (VVDV QRUPDV UHTXHUHP R FXPSULPHQWR GH OHLOmRS~EOLFRDVHUGHVLJQDGR
H[LJrQFLDVpWLFDVSHORVDXGLWRUHVHTXHDDXGLWRULDVHMDSODQHMDGD 2XWURV DVVXQWRV 2V YDORUHV FRUUHVSRQGHQWHV DR H[HUFtFLR ¿QGRV
HH[HFXWDGDFRPRREMHWLYRGHREWHUVHJXUDQoDUD]RiYHOGHTXHDV HPGHGH]HPEURGHDSUHVHQWDGRVSDUD¿QVGHFRPSDUDomR
GHPRQVWUDo}HV¿QDQFHLUDVHVWmROLYUHVGHGLVWRUomRUHOHYDQWH8PD IRUDP SRU QyV DXGLWDGRV FRQIRUPH UHODWyULR GH DXGLWRULD HPLWLGR
auditoria envolve a execução de procedimentos selecionados para HP GH IHYHUHLUR GH FRQWHQGR rQIDVH TXDQWR D ,QWHUYHQomR
REWHQomR GH HYLGrQFLD D UHVSHLWR GRV YDORUHV H GDV GLYXOJDo}HV ([WUDMXGLFLDO GHFUHWDGDSHOD6XSHULQWHQGrQFLDGH6HJXURV3ULYDGRV
DSUHVHQWDGRV QDV GHPRQVWUDo}HV ¿QDQFHLUDV 2V SURFHGLPHQWRV SRUPHLRGD3RUWDULD686(3QQRSHUtRGRGHGHDJRVWRGH
VHOHFLRQDGRV GHSHQGHP GR MXOJDPHQWR GR DXGLWRU LQFOXLQGR D iGHIHYHUHLURGH
avaliação dos riscos de distorção relevante nas demonstrações
3RUWR$OHJUH56GHIHYHUHLURGH
¿QDQFHLUDV LQGHSHQGHQWHPHQWH VH FDXVDGD SRU IUDXGH RX HUUR
1HVVD DYDOLDomR GH ULVFRV R DXGLWRU FRQVLGHUD RV FRQWUROHV -RVp$OELQR)LORPHQD
LQWHUQRV UHOHYDQWHV SDUD D HODERUDomR H DGHTXDGD DSUHVHQWDomR &5&56&90
&RQWDGRU&5&56
1444832
Download
