Explanatory notes
Demonstração de Resultados
c) Investment Program
In this grouping are registered the income and the liquid variations stemming from investments from Plan funds as detailed below:
The following events, among others, determined the results in Variable Income: (i) variation in the stock market (R$16,139,338 thousand), inclusive the income from devidends / interest on capital in the program's portfolio (R$1,217,441 thousand), and (ii) net variation investment funds (R$14,356,949 thousand), inclusive adjustments in the economic value of Litel /Vale, 521 Participations and Neoenergia.
Out of those results of R$37,188,546 thousand originated from the Investment Program, R$36,938,267 thousand were transferred to the Pension Plan Program, and R$250,279 thousand to the Administrative Program, to cover the administrative cost of investments (R$77,857 thousand) and remunerate the Administrative Fund (R$172,422 thousand).
Ronaldo Antonio Medeiros Ferreira
Accountant
CRC-RJ-071624-0
Sérgio Ricardo Silva Rosa
President
CPF: 003.580.198-00
Francisco Ferreira Alexandre
Administrative Director
CPF: 301.479.484-87