Combined Results Information

 

INCOME STATEMENT FROM THE YEAR ENDED DECEMBER 31, 2018 (BRL MILLION)

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Property Infrastructure Power Generation Timberlands Agriculture Private Equity Others* Combined
Gross operating revenue 2,252.5 13,264.6 1,679.8 168.5 390.1 2,946.6 29.0 20,731.1
Taxes on sales (47.7) (1,537.5) (73.0) (12.5) (15.8) (293.8) (2.2) (1,982.5)
NET OPERATING REVENUE AND FEE REVENUE 2,204.8 11,727.1 1,606.8 156.0 374.3 2,652.7 26.9 18,748.6
Operating costs (1,623.8) (3,972.0) (389.8) (17.2) (209.8) (1,117.2) (42.7) (7,372.5)
NET REVENUE LESS OPERATING COSTS 581.0 7,755.1 1,217.0 138.8 164.5 1,535.5 (15.9) 11,376.0
Revenue from investment portfolio management* - - - - - - 76.9 76.9
Sales, general and administrative expenses (406.1) (238.2) (41.3) (43.4) (70.4) (717.6) (177.4) 1,694.8
EBITDA 175.0 7,516.9 1,175.7 94.9 94.1 817.9 (116.4) 9,758.1
 

 

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

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Property Infrastructure Power Generation Timberlands Agriculture Private Equity Others* Combined
Gross operating revenue 1,590.1 11,796.7 1,287.7 213.3 309.4 1,804.0 39.8 17,040.9
Taxes on sales (49.0) (1,379.1) (65.9) (13.0) (10.8) (178.3) (3.9) (1,700.0)
NET OPERATING REVENUE AND FEE REVENUE 1,541.1 10,417.6 1,221.7 200.3 298.6 1,625.7 35.9 15,340.9
Operating costs (1,126.7) (3,914.8) (319.3) (16.3) (178.5) (615.3) (66.0) (6,237.0)
NET REVENUE LESS OPERATING COSTS 414.4 6,502.8 902.4 184.0 120.1 1,010.4 (30.1) 9,104.0
Revenue from investment portfolio management** - - - - - - 74.2 74.2
Sales, general and administrative expenses (423.1) (35.1) (34.3) (26.4) (65.8) (457.0) (173.5) 1,215.2
EBITDA (8.7) 6,467.7 868.1 157.6 54.3 553.3 (129.4) 7,963.0
 

 

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.