annual report 2017

2017

INCOME STATEMENT FROM THE YEAR ENDED DECEMBER 31, 2017 (BRL MILLION)

2016

INCOME STATEMENT FROM THE YEAR ENDED DECEMBER 31, 2016 (BRL MILLION)

Note to reader: This annual report presents the combined financial statements and results of all our operations in Brazil (considering full participation in assets), including groups of management assets, operating units and other assets, based on international financial reporting standards (IFRS) and specific non-accounting measures.

* It includes the balance sheets of assets and liabilities of companies and other holdings not highlighted in the previous columns.

** Proportional to minority interest.