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21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso Painel Metrô & Integração Transporte Público e Inclusão Social Emiliano Standislau Associação Nacional de Transportes Públicos - ANTP Movimento Nacional pelo Direito ao Transporte - MDT 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso TRANSPORTE PÚBLICO, INCLUSÃO SOCIAL E DESENVOLVIMENTO URBANO 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso INCENTIVOS AO TRANSPORTE INDIVIDUAL FINANCIAMENTO PÚBLICO E INCENTIVOS À INSTALAÇÃO DE NOVAS MONTADORAS E À MODERNIZAÇÃO DAS EXISTENTES REDUÇÕES NOS IMPOSTOS SOBRE OS AUTOMÓVEIS VEÍCULOS 1.0 - REDUÇÃO - EXTENDIDA TAXIS - ISENÇÃO SOBREVIDA DE VEÍCULOS OBSOLETOS IPVA REDUZIDO NÃO ADEQUAÇÃO AOS NÍVEIS MÍNIMOS DE EMISSÃO DE POLUENTES INVESTIMENTO EM AVENIDAS, ELEVADOS E TÚNEIS SEM QUALQUER TRATAMENTO PREFERENCIAL PARA O TRANSPORTE COLETIVO 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso ABANDONO HISTÓRICO DO TRANSPORTE PÚBLICO AUSÊNCIA DE POLÍTICAS PÚBLICAS PARA AS CIDADES POLÍTICA “RODOVIARISTA” - AS CIDADES PAGARAM A CONTA AUSÊNCIA DO GOVERNO FEDERAL CONSTITUIÇÃO DE 1988 SUPRESSÃO DOS RECURSOS CATIVOS TRANSFERÊNCIA DAS COMPETÊNCIAS - ESTADOS E MUNICÍPIOS TRANSPORTE METROPOLITANO SEM INTEGRAÇÃO MAIOR CUSTO E MENOR QUALIDADE 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso ABANDONO HISTÓRICO DO TRANSPORTE PÚBLICO INVESTIMENTOS REDUZIDOS E POUCO EFICIENTES LEGISLAÇÃO CONTROLE FISCAL ESTADOS E MUNICÍPIOS NÃO CONSEGUEM FINANCIAMENTOS QUEDA NO VOLUME E NA REGULARIDADE DOS INVESTIMENTOS PÚBLICOS RETIRADA DOS BONDES - CONVERSÃO EM AVENIDAS SUCATEAMENTO DOS SISTEMAS DE TRENS METROPOLITANOS “COMPETIÇÃO” ENTRE PROJETOS - FALTA INTEGRAÇÃO 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso SITUAÇÃO ATUAL Fontes: ANTP / Ministério das Cidades / Pesquisa OD – Metrô SP/ SEDU / NTU / ITRANS 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso USUÁRIOS HABITUAIS POR MODO E CLASSE SOCIAL 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso RENDIMENTO MÉDIO E TARIFA MÉDIA 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso RM – ATIVIDADE DA POPULAÇÃO DE BAIXA RENDA 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso TRANSPORTE E A EXCLUSÃO SOCIAL 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso DESEMPENHO DAS VIAGENS 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso VELOCIDADE MÉDIA DOS ÔNIBUS 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso TRANSPORTE E OS ACIDENTES 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso CUSTOS DA POLUIÇÃO E DOS ACIDENTES 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso GASTOS PÚBLICOS COM INFRAESTRUTURA 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso Total: R$ 2.400 bilhões/ ano CUSTOS GERADOS POR INTERRUPÇÃO DE OBRAS 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso CRESCIMENTO DO TRANSPORTE INDIVIDUAL SURGIMENTO E CRESCIMENTO DO TRANSPORTE CLANDESTINO IRREGULARIDADE NO ATENDIMENTO INSEGURANÇA VIOLÊNCIA PERDA DE DEMANDA NOS ÔNIBUS - CERCA DE 35% ENTRE 1994 E 2004 PERDAS DE DEMANDA PARA AUTOMÓVEIS E CLANDESTINOS 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso CIDADE DE SÃO PAULO - O EXEMPLO DO CAOS 1992 - 40 Km DIÁRIOS DE VIAS CONGESTIONADAS. • 1998 - 120 Km COM PICOS DE MAIS DE 220 Km, MESMO COM A IMPLANTAÇÃO DO RODÍZIO ÔNIBUS PERDERAM 35% DOS PASSAGEIROS NOS ÚLTIMOS ANOS O TEMPO MÉDIO DA VIAGEM NO TRANSPORTE PÚBLICO É DE 63 MINUTOS SITUAÇÃO SÓ NÃO É PIOR PORQUE A ECONOMIA ESTAGNOU RELAÇÃO DIRETA ENTRE CRESCIMENTO ECONÔMICO E CIRCULAÇÃO AUMENTO DE CUSTOS OPERACIONAIS MAIS CONGESTIONAMENTOS = MAIS COMBUSTÍVEL + MANUTENÇÃO + HOMENS x HORA PERDAS COM CONGESTIONAMENTOS 21 de Junho de 2005 20 anos - METROREC Emiliano Stanislau Affonso 10 MIL TONELADAS DE POLUENTES GERADAS NOS DIAS ÚTEIS EM SP O TRANSPORTE É O MAIOR RESPONSÁVEL PELA POLUIÇÃO DO AR ACIDENTES DE TRÂNSITO - NÚMEROS ANUAIS 40 MIL MORTES POR ANO 350 MIL FERIDOS 120 MIL PESSOAS SE TORNAM DEFICIENTES FÍSICAS QUEDA NA QUALIDADE DE VIDA Investimentos LINHA 4 - AMARELA (MORUMBI-LUZ) CRONOGRAMA DE INVESTIMENTOS / FONTES US$ MIL 2,001 2,002 2,003 2,004 2,005 2,006 2,007 2008 GERAL INVESTIMENTOS PROJETOS 0.0 * 708 * 8,783 * 12,866 * 5,855 * 5,961 * 6,200 * 2,800 * 43,173 . BNDES 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . GESP 0.0 * 708 * 8,783 * 12,866 * 5,855 * 5,961 * 6,200 * 2,800 * 43,173 DESAPROPRIAÇÕES 0.0 * 10,877 * 43,507 0.0 0.0 * 5,900 * 8,700 0.0 * 68,984 . GESP 0.0 * 10,877 * 43,507 0.0 0.0 * 5,900 * 8,700 0.0 * 68,984 OBRAS CIVIS 0.0 0.0 * 164,137 * 152,206 * 112,222 * 50,873 * 48,200 * 19,900 * 547,538 . BIRD 0.0 0.0 * 77,152 * 71,544 * 52,749 * 7,555 0.0 0.0 * 209,000 . JBIC 0.0 0.0 * 42,284 * 39,210 * 28,910 * 4,141 0.0 0.0 * 114,545 . BNDES 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . GESP 0.0 0.0 * 26,821 * 24,871 * 18,338 * 7,846 * 7,230 * 2,985 * 88,091 . Concessionária 0.0 0.0 * 2,682 * 2,487 * 1,834 * 4,700 * 6,146 * 2,537 * 20,385 . ECA 0.0 0.0 * 12,919 * 11,980 * 8,833 * 22,637 * 29,601 * 12,221 * 98,189 . Bancos Comerciais. 0.0 0.0 * 2,280 * 2,114 * 1,559 * 3,995 * 5,224 * 2,157 * 17,328 MATERIAL RODANTE 0.0 0.0 * 43,939 * 58,559 * 58,559 * 55,414 * 43,800 * 19,600 * 279,871 . JBIC 0.0 0.0 * 11,319 * 15,086 * 15,086 * 5,388 0.0 0.0 * 46,878 . BNDES 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . GESP 0.0 0.0 * 16,310 * 21,737 * 21,737 * 7,763 0.0 0.0 * 67,546 . Concessionária 0.0 0.0 * 2,446 * 3,261 * 3,261 * 6,339 * 6,570 * 2,940 * 24,817 . ECA 0.0 0.0 * 11,784 * 15,705 * 15,705 * 30,535 * 31,646 * 14,161 * 119,535 . Bancos Comerciais 0.0 0.0 * 2,080 * 2,771 * 2,771 * 5,389 * 5,584 * 2,499 * 21,094 SISTEMAS 0.0 0.0 * 28,754 * 67,638 * 81,081 * 32,009 * 63,700 * 9,900 * 283,082 . JBIC 0.0 0.0 * 7,407 * 17,425 * 20,888 * 1,857 0.0 0.0 * 47,577 . BNDES 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . GESP 0.0 0.0 * 12,808 * 30,128 * 36,116 * 3,211 0.0 0.0 * 82,263 . Concessionária 0.0 0.0 * 1,281 * 3,013 * 3,612 * 4,041 * 9,555 * 1,485 * 22,986 . ECA 0.0 0.0 * 6,169 * 14,512 * 17,396 * 19,465 * 46,023 * 7,153 * 110,717 . Bancos Comerciais 0.0 0.0 * 1,089 * 2,561 * 3,070 * 3,435 * 8,122 * 1,262 * 19,538 ASS.TEC., ADM. E SUP. 0.0 * 6,492 * 9,738 * 9,738 * 9,738 * 3,246 0.0 0.0 * 38,952 . JBIC 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . BNDES 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . GESP 0.0 * 3,246 * 4,869 * 4,869 * 4,869 * 1,623 0.0 0.0 * 19,476 . Concessionária 0.0 * 487 * 730 * 730 * 730 * 243 0.0 0.0 * 2,921 . ECA 0.0 * 2,345 * 3,518 * 3,518 * 3,518 * 1,173 0.0 0.0 * 14,071 . Bancos Comerciais 0.0 * 414 * 621 * 621 * 621 * 207 0.0 0.0 * 2,483 TOTAL FONTES 0.0 * 18,077 * 298,858 * 301,007 * 267,455 * 153,403 * 170,600 * 52,200 * 1,261,600 Setor Público 0.0 * 14,831 * 251,260 * 237,735 * 204,547 * 51,245 * 22,130 * 5,785 * 787,533 . BIRD 0.00.0 * 77,152 * 71,544 * 52,749 * 7,555 0.0 0.0 * 209,000 . JBIC 0.0 0.0 * 61,011 * 71,721 * 64,883 * 11,386 0.0 0.0 * 209,000 . BNDES 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . GESP 0.0 * 14,831 * 113,097 * 94,471 * 86,914 * 32,305 * 22,130 * 5,785 * 369,533 Setor Privado 0.0 * 3,246 * 47,598 * 63,272 * 62,908 * 102,158 * 148,470 * 46,415 * 474,067 . Concessionária 0.0 * 487 * 7,140 * 9,491 * 9,436 * 15,324 * 22,271 * 6,962 * 71,110 . ECA 0.0 * 2,345 * 34,390 * 45,714 * 45,451 * 73,809 * 107,270 * 33,535 * 342,513 . Bancos Comerciais 0.0 * 414 * 6,069 * 8,067 * 8,021 * 13,025 * 18,930 * 5,918 * 60,443 TOTAL INVESTIMENTOS 0.0 * 18,077 * 298,858 * 301,007 * 267,455 * 153,403 * 170,600 * 52,200 * 1,261,600 Setor Público 0.0 * 14,831 * 251,260 * 237,735 * 204,547 * 51,245 * 22,130 * 5,785 * 787,533 . PROJETOS 0.0 * 708 * 8,783 * 12,866 * 5,855 * 5,961 * 6,200 * 2,800 * 43,173 . DESAPROPRIAÇÕES 0.0 * 10,877 * 43,507 0.0 0.0 * 5,900 * 8,700 0.0 * 68,984 . OBRAS CIVIS 0.0 0.0 * 146,257 * 135,625 * 99,997 * 19,542 * 7,230 * 2,985 * 411,636 . MATERIAL RODANTE 0.0 0.0 * 27,629 * 36,822 * 36,822 * 13,151 0.0 0.0 * 114,425 . SISTEMAS 0.0 0.0 * 20,215 * 47,553 * 57,004 * 5,068 0.0 0.0 * 129,840 . ASS.TEC., ADM. E SUP. 0.0 * 3,246 * 4,869 * 4,869 * 4,869 * 1,623 0.0 0.0 Setor Privado 0.0 * 3,246 * 47,598 * 63,272 * 62,908 * 102,158 * 148,470 * 46,415 * 474,067 . OBRAS CIVIS 0.0 0.0 * 17,880 * 16,581 * 12,225 * 31,331 * 40,970 * 16,915 * 135,902 . MATERIAL RODANTE 0.0 0.0 * 16,310 * 21,737 * 21,737 * 42,263 * 43,800 * 19,600 * 165,446 . SISTEMAS 0.0 0.0 * 8,539 * 20,085 * 24,077 * 26,941 * 63,700 * 9,900 * 153,242 . ASS.TEC., ADM. E SUP. 0.0 * 3,246 * 4,869 * 4,869 * 4,869 * 1,623 0.0 0.0 * 19,476 Estrutura Capital POLUENTE CONTRIBUIÇÃO TRANSPORTE MONÓXIDO DE CARBONO - CO 97,7 % ÓXIDO DE NITROGÊNIO - NO2 96,3 % OXIDO DE ENXOFRE - SO2 55,4 % HIDROCARBONETOS - HC 92,7% MATERIAL PARTICULADO 40,0 % + AEROSOIS Depreciação LINHA 4 - AMARELA (MORUMBI-LUZ) DEPRECIAÇÃO US$ MIL 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 VIDA ÚTIL ANOS OBRAS CIVIS / PROJETOS OBRAS CIVIS * 135,902 0.0 0.0 * 17,880 * 16,581 * 12,225 * 31,331 * 40,970 * 16,915 TOTAL INVESTIMENTO * 135,902 0.0 0.0 * 17,880 * 16,581 * 12,225 * 31,331 * 40,970 * 16,915 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 25 PARCELAS DE DEPRECIAÇÃO: 1 * 78,017 0.0 0.0 0.0 0.0 0.0 * 2,080 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 * 3,038 * 3,037 0.0 0.0 0.0 0.0 * 2 * 40,970 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,639 * 1,638 * 1,639 * 1,638 * 1,639 * 1,638 * 1,639 * 1,638 * 1,639 * 1,638 0.0 0.0 0.0 * 3 * 16,915 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 677 * 677 * 677 * 677 * 677 * 677 * 676 * 677 * 676 * 677 * 676 * 677 * 676 * 677 * 676 * 677 * 676 * 677 * 676 * 677 * 676 * 677 * 676 * 677 * 676 0.0 0.0 TOTAL * 135,902 0.0 0.0 0.0 0.0 0.0 * 2,080 * 3,037 * 4,677 * 5,353 * 5,354 * 5,353 * 5,354 * 5,353 * 5,354 * 5,352 * 5,354 * 5,352 * 5,354 * 5,352 * 5,354 * 5,352 * 5,354 * 5,352 * 5,353 * 5,352 * 5,353 * 5,352 * 5,353 * 5,352 * 5,353 * 5,352 * 2,315 * 676 0.0 0.0 ASS.TEC., ADM. E SUP. ASS.TEC., ADM. E SUP. * 19,476 0.0 * 3,246 * 4,869 * 4,869 * 4,869 * 1,623 0.0 0.0 TOTAL INVESTIMENTO * 19,476 0.0 * 3,246 * 4,869 * 4,869 * 4,869 * 1,623 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 15 PARCELAS DE DEPRECIAÇÃO: 1 * 19,476 0.0 0.0 0.0 0.0 0.0 * 866 * 1,241 * 1,241 * 1,241 * 1,241 * 1,241 * 1,241 * 1,240 * 1,241 * 1,240 * 1,241 * 1,240 * 1,241 * 1,240 * 1,241 * 1,240 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL * 19,476 0.0 0.0 0.0 0.0 0.0 * 866 * 1,241 * 1,241 * 1,241 * 1,241 * 1,241 * 1,241 * 1,240 * 1,241 * 1,240 * 1,241 * 1,240 * 1,241 * 1,240 * 1,241 * 1,240 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 MAT. RODANTE / SISTEMAS MATERIAL RODANTE * 165,446 0.0 0.0 * 16,310 * 21,737 * 21,737 * 42,263 * 43,800 * 19,600 SISTEMAS * 153,242 0.0 0.0 * 8,539 * 20,085 * 24,077 * 26,941 * 63,700 * 9,900 TOTAL INVESTIMENTOS * 318,688 0.0 0.0 * 24,848 * 41,822 * 45,814 * 69,204 * 107,500 * 29,500 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 10 PARCELAS DE DEPRECIAÇÃO: 1 * 181,688 0.0 0.0 0.0 0.0 0.0 * 12,113 * 16,958 * 16,957 * 16,958 * 16,957 * 16,958 * 16,957 * 16,958 * 16,957 * 16,958 * 16,957 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 2 * 107,500 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 10,750 * 10,750 * 10,750 * 10,750 * 10,750 * 10,750 * 10,750 * 10,750 * 10,750 * 10,750 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 3 * 29,500 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 2,950 * 2,950 * 2,950 * 2,950 * 2,950 * 2,950 * 2,950 * 2,950 * 2,950 * 2,950 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 TOTAL * 318,688 0.0 0.0 0.0 0.0 0.0 * 12,113 * 16,958 * 27,707 * 30,658 * 30,657 * 30,658 * 30,657 * 30,658 * 30,657 * 30,658 * 30,657 * 13,700 * 2,950 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 DISPÊNDIO DE CAPITAL P/MANUT. INVESTIMENTOS * 414,850 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 15 PARCELAS DE DEPRECIAÇÃO: 1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 3 * 16,594* 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 4 * 16,594 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 5 * 16,594 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 6 * 16,594 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 0.0 0.0 0.0 0.0 0.0 0.0 * 7 * 16,594 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 0.0 0.0 0.0 0.0 0.0 * 8 * 16,594 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 0.0 0.0 0.0 0.0 * 9 * 16,594 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 0.0 0.0 0.0 * 10 * 16,594 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 0.0 0.0 * 11 * 16,594 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 0.0 * 12 * 16,594 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 13 * 15,488 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 14 * 14,381 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 15 * 13,275 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 16 * 12,169 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 17 * 11,063 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 18 * 9,956 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 19 * 8,850 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 20 * 7,744 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 21 * 6,638 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 22 * 5,531 * 1,106 * 1,106 * 1,106 * 1,106 * 1,106 * 23 * 4,425 * 1,106 * 1,106 * 1,106 * 1,106 * 24 * 3,319 * 1,106 * 1,106 * 1,106 * 25 * 2,213 * 1,106 * 1,106 * 26 * 1,106 * 1,106 TOTAL * 282,098 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 1,106 * 2,213 * 3,319 * 4,425 * 5,531 * 6,638 * 7,744 * 8,850 * 9,956 * 11,063 * 12,169 * 13,275 * 14,381 * 15,488 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 TOTAL GERAL * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 Encargos Financeiros LINHA 4 - AMARELA (MORUMBI-LUZ) ENCARGOS FINANCEIROS - CONSOLIDADO US$ MIL TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 AMORTIZAÇÃO ECA * 342,513 0.0 0.0 0.0 0.0 0.0 0.0 * 391 * 6,123 * 13,742 * 21,317 * 33,618 * 51,495 * 56,692 * 50,962 * 43,344 * 35,771 * 23,469 * 5,590 0.0 BANCOS COMERCIAIS * 60,443 0.0 0.0 0.0 0.0 0.0 0.0 * 69 * 1,080 * 2,425 * 3,762 * 5,933 * 9,088 * 10,008 * 8,991 * 7,648 * 6,311 * 4,141 * 988 0.0 TOTAL * 402,957 0.0 0.0 0.0 0.0 0.0 0.0 * 460 * 7,203 * 16,167 * 25,079 * 39,551 * 60,583 * 66,699 * 59,953 * 50,992 * 42,082 * 27,609 * 6,578 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JUROS ECA * 212,701 0.0 0.0 * 194 * 3,042 * 6,827 * 10,590 * 16,701 * 25,551 * 27,821 * 26,683 * 24,918 * 22,134 * 17,870 * 13,176 * 8,957 * 5,368 * 2,406 * 463 0.0 BANCOS COMERCIAIS * 50,773 0.0 0.0 * 46 * 726 * 1,630 * 2,528 * 3,987 * 6,099 * 6,641 * 6,369 * 5,948 * 5,284 * 4,266 * 3,145 * 2,138 * 1,281 * 574 * 111 0.0 TOTAL * 263,474 0.0 * 240 * 3,768 * 8,457 * 13,118 * 20,688 * 31,650 * 34,462 * 33,052 * 30,866 * 27,418 * 22,136 * 16,321 * 11,095 * 6,649 * 2,980 * 574 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 SERVIÇO DA DÍVIDA * 666,431 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 21,148 * 38,853 * 50,629 * 58,131 * 70,417 * 88,001 * 88,835 * 76,274 * 62,087 * 48,731 * 30,589 * 7,152 0.0 LIBERAÇÃO ECA * 342,513 0.0 * 2,345 * 34,390 * 45,714 * 45,451 * 73,809 * 107,270 * 33,535 BANCOS COMERCIAIS * 60,443 0.0 * 414 * 6,069 * 8,067 * 8,021 * 13,025 * 18,930 * 5,918 TOTAL * 402,957 * 2,759 * 40,458 * 53,781 * 53,472 * 86,834 * 126,200 * 39,453 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 ECA LINHA 4 - AMARELA (MORUMBI-LUZ) ENCARGOS FINANCEIROS - ECA US$ MIL TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 LIBERAÇÃO * 342,513 0.0 * 2,345 * 34,390 * 45,714 * 45,451 * 73,809 * 107,270 * 33,535 AMORTIZAÇÃO PARCELA DE AMORTIZAÇÃO: 1 * 2,345 * 391 * 391 * 391 * 391 * 391 * 390 * 2 * 34,390 * 5,732 * 5,732 * 5,732 * 5,732 * 5,732 * 5,730 * 3 * 45,714 * 7,619 * 7,619 * 7,619 * 7,619 * 7,619 * 7,619 * 4 * 45,451 * 7,575 * 7,575 * 7,575 * 7,575 * 7,575 * 7,576 * 5 * 73,809* 12,301 * 12,301 * 12,301 * 12,301 * 12,301 * 12,304 * 6 * 107,270 * 17,878 * 17,878 * 17,878 * 17,878 * 17,878 * 17,880 * 7 * 33,535 * 5,589 * 5,589 * 5,589 * 5,589 * 5,589 * 5,590 TOTAL * 342,513 0.0 0.0 0.0 0.0 0.0 0.0 * 391 * 6,123 * 13,742 * 21,317 * 33,618 * 51,495 * 56,692 * 50,962 * 43,344 * 35,771 * 23,469 * 5,590 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 SALDO DEVEDOR 0.0 * 2,345 * 36,735 * 82,449 * 127,900 * 201,709 * 308,587 * 335,999 * 322,257 * 300,940 * 267,322 * 215,827 * 159,136 * 108,174 * 64,830 * 29,059 * 5,590 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JUROS 8.28% * 212,701 0.0 0.0 * 194 * 3,042 * 6,827 * 10,590 * 16,701 * 25,551 * 27,821 * 26,683 * 24,918 * 22,134 * 17,870 * 13,176 * 8,957 * 5,368 * 2,406 * 463 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Bancos Comerciais LINHA 4 - AMARELA (MORUMBI-LUZ) ENCARGOS FINANCEIROS - BANCOS COMERCIAIS US$ MIL TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 LIBERAÇÃO * 60,443 0.0 * 414 * 6,069 * 8,067 * 8,021 * 13,025 * 18,930 * 5,918 AMORTIZAÇÃO PARCELA DE AMORTIZAÇÃO: 1 * 414 * 69 * 69 * 69 * 69 * 69 * 69 * 2 * 6,069 * 1,011 * 1,011 * 1,011 * 1,011 * 1,011 * 1,014 * 3 * 8,067 * 1,345 * 1,345 * 1,345 * 1,345 * 1,345 * 1,342 * 4 * 8,021 * 1,337 * 1,337 * 1,337 * 1,337 * 1,337 * 1,336 * 5 * 13,025 * 2,171 * 2,171 * 2,171 * 2,171 * 2,171 * 2,170 * 6 * 18,930 * 3,155 * 3,155 * 3,155 * 3,155 * 3,155 * 3,155 * 7 * 5,918 * 986 * 986 * 986 * 986 * 986 * 988 TOTAL * 60,443 0.0 0.0 0.0 0.0 0.0 0.0 * 69 * 1,080 * 2,425 * 3,762 * 5,933 * 9,088 * 10,008 * 8,991 * 7,648 * 6,311 * 4,141 * 988 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 SALDO DEVEDOR 0.0 * 414 * 6,483 * 14,550 * 22,571 * 35,596 * 54,457 * 59,294 * 56,869 * 53,107 * 47,174 * 38,086 * 28,079 * 19,087 * 11,440 * 5,128 * 988 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 JUROS 11.20% * 50,773 0.0 0.0 * 46 * 726 * 1,630 * 2,528 * 3,987 * 6,099 * 6,641 * 6,369 * 5,948 * 5,284 * 4,266 * 3,145 * 2,138 * 1,281 * 574 * 111 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Renovação LINHA 4 - AMARELA (MORUMBI-LUZ) DISPÊNDIO DE CAPITAL PARA RENOVAÇÃO ITEM IFC IPC R$ / US$ IFC - US$ MIL VIDA ÚTIL R$ MIL 97-00 Dec-99 Dec-00 PONDERADO Sistemas de Material Rodante * 18,759 * 1.1212 * 1.9634 * 10,712 10 Acabamentos * 3,600 * 1.1212 * 1.9634 * 2,056 25 Via Permanente * 6,700 * 1.1212 * 1.9634 * 3,826 25 Total * 29,059 * 16,594 15 Usos e Fontes 1 LINHA 4 - AMARELA (MORUMBI-LUZ) USOS E FONTES - CONCESSIONÁRIA US$ MIL TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 FONTES RECEITA LÍQUIDA * 4,453,011 0.0 0.0 0.0 0.0 0.0 * 54,806 * 84,720 * 139,022 * 141,215 * 143,375 * 145,754 * 147,207 * 148,998 * 150,353 * 151,342 * 152,497 * 153,902 * 155,157 * 156,260 * 157,203 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 FINANCIAMENTO * 402,957 0.0 * 2,759 * 40,458 * 53,781 * 53,472 * 86,834 * 126,200 * 39,453 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . ECA * 342,513 0.0 * 2,345 * 34,390 * 45,714 * 45,451 * 73,809 * 107,270 * 33,535 . Bancos Comerciais * 60,443 0.0 * 414 * 6,069 * 8,067 * 8,021 * 13,025 * 18,930 * 5,918 RECURSOS PRÓPRIOS * 206,152 0.0 * 487 * 7,380 * 13,259 * 17,893 * 15,324 * 22,271 * 6,962 0.0 0.0 * 18,118 * 35,285 * 35,913 * 23,564 * 9,696 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . Para Investimentos * 71,110 0.0 * 487 * 7,140 * 9,491 * 9,436 * 15,324 * 22,271 * 6,962 . Necessidades de caixa * 135,042 0.0 0.0 * 240 * 3,768 * 8,457 0.0 0.0 0.0 0.0 0.0 * 18,118 * 35,285 * 35,913 * 23,564 * 9,696 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (+) DEPRECIAÇÃO * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 TOTAL DE FONTES * 5,818,284 0.0 * 3,246 * 47,838 * 67,040 * 71,365 * 172,023 * 254,426 * 219,062 * 178,467 * 180,627 * 201,124 * 220,850 * 224,375 * 214,488 * 202,713 * 195,280 * 180,832 * 172,446 * 171,702 * 173,754 * 175,735 * 175,603 * 176,707 * 177,814 * 178,920 * 180,027 * 180,026 * 180,027 * 180,026 * 180,027 * 180,026 * 176,989 * 175,350 * 174,674 * 174,674 USOS INVESTIMENTOS * 474,067 0.0 * 3,246 * 47,598 * 63,272 * 62,908 * 102,158 * 148,470 * 46,415 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . Obras Civis * 135,902 0.0 0.0 * 17,880 * 16,581 * 12,225 * 31,331 * 40,970 * 16,915 . Material Rodante * 165,446 0.0 0.0 * 16,310 * 21,737 * 21,737 * 42,263 * 43,800 * 19,600 . Sistemas * 153,242 0.0 0.0 * 8,539 * 20,085 * 24,077 * 26,941 * 63,700 * 9,900 . Ass. Téc., Adm. E Superv. * 19,476 0.0 * 3,246 * 4,869 * 4,869 * 4,869 * 1,623 0.0 0.0 CUSTOS / DESPESAS * 2,456,924 0.0 0.0 0.0 0.0 0.0 * 42,906 * 63,008 * 75,397 * 90,562 * 96,331 * 96,331 * 97,437 * 98,543 * 99,650 * 100,754 * 101,862 * 86,009 * 76,368 * 74,521 * 75,630 * 76,734 * 76,602 * 77,706 * 78,813 * 79,919 * 81,026 * 81,025 * 81,026 * 81,025 * 81,026 * 81,025 * 77,988 * 76,349 * 75,673 * 75,673 . Pessoal * 881,797 0.0 0.0 0.0 0.0 0.0 * 11,467 * 17,201 * 17,201 * 26,488 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 . Energia Elétrica * 144,917 0.0 0.0 0.0 0.0 0.0 * 1,384 * 2,077 * 2,077 * 4,159 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 . Materiais * 326,760 0.0 0.0 0.0 0.0 0.0 *1,256 * 1,884 * 1,884 * 8,656 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 . Gastos Gerais * 347,286 0.0 0.0 0.0 0.0 0.0 * 13,740 * 20,611 * 20,611 * 14,007 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 Subtotal * 1,700,760 0.0 0.0 0.0 0.0 0.0 * 27,847 * 41,772 * 41,772 * 53,310 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 . Depreciação * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 Imposto de Renda + Contribuição Social * 406,372 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 3,611 0.0 0.0 * 225 * 1,086 * 2,455 * 3,859 * 5,048 * 6,084 * 13,969 * 20,225 * 21,379 * 21,283 * 21,170 * 21,215 * 20,840 * 20,463 * 20,088 * 19,711 * 19,711 * 19,711 * 19,711 * 19,711 * 19,711 * 20,743 * 21,301 * 21,531 * 21,531 SERVIÇO DA DÍVIDA * 666,431 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 21,148 * 38,853 * 50,629 * 58,131 * 70,417 * 88,001 * 88,835 * 76,274 * 62,087 * 48,731 * 30,589 * 7,152 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 , Amortização * 402,957 0.0 0.0 0.0 0.0 0.0 0.0 * 460 * 7,203 * 16,167 * 25,079 * 39,551 * 60,583 * 66,699 * 59,953 * 50,992 * 42,082 * 27,609 * 6,578 0.0 . Despesas Financeiras * 263,474 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 20,688 * 31,650 * 34,462 * 33,052 * 30,866 * 27,418 * 22,136 * 16,321 * 11,095 * 6,649 * 2,980 * 574 0.0 Dispêndios de Capital para Renovação * 414,850 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 TAXA DE CONCESSÃO - CALCULADA * 536,394 0.0 0.0 0.0 0.0 0.0 * 6,601 * 10,205 * 16,746 * 17,010 * 17,270 * 17,557 * 17,732 * 17,948 * 18,111 * 18,230 * 18,369 * 18,538 * 18,689 * 18,822 * 18,936 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 TOTAL DE USOS * 4,955,037 0.0 * 3,246 * 47,838 * 67,040 * 71,365 * 164,783 * 242,831 * 181,022 * 158,201 * 171,732 * 201,124 * 220,850 * 224,375 * 214,488 * 202,713 * 191,640 * 165,700 * 139,028 * 131,316 * 132,443 * 133,540 * 133,453 * 134,182 * 134,912 * 135,643 * 136,373 * 136,372 * 136,373 * 136,372 * 136,373 * 136,372 * 134,367 * 133,286 * 132,840 * 132,840 SALDO * 863,247 0.0 0.0 0.0 0.0 0.0 * 7,240 * 11,595 * 38,040 * 20,266 * 8,895 0.0 0.0 0.0 0.0 0.0 * 3,640 * 15,132 * 33,418 * 40,386 * 41,311 * 42,195 * 42,150 * 42,525 * 42,902 * 43,277 * 43,654 * 43,654 * 43,654 * 43,654 * 43,654 * 43,654 * 42,622 * 42,064 * 41,834 * 41,834 (-) RECURSOS PRÓPRIOS * 206,152 0.0 * 487 * 7,380 * 13,259 * 17,893 * 15,324 * 22,271 * 6,962 0.0 0.0 * 18,118 * 35,285 * 35,913 * 23,564 * 9,696 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (=) FLUXO DE CAIXA LÍQUIDO * 657,094 0.0 * (487) * (7,380) * (13,259) * (17,893) * (8,084) * (10,675) * 31,078 * 20,266 * 8,895 * (18,118) * (35,285) * (35,913) * (23,564) * (9,696) * 3,640 * 15,132 * 33,418 * 40,386 * 41,311 * 42,195 * 42,150 * 42,525 * 42,902 * 43,277 * 43,654 * 43,654 * 43,654 * 43,654 * 43,654 * 43,654 * 42,622 * 42,064 * 41,834 * 41,834 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TIR = 13.20% VPL = -1 CP = 13.2% Usos e Fontes 2 LINHA 4 - AMARELA (MORUMBI-LUZ) USOS E FONTES - CONCESSIONÁRIA US$ MIL TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 FONTES RECEITA LÍQUIDA * 4,453,011 0.0 0.0 0.0 0.0 0.0 * 54,806 * 84,720 * 139,022 * 141,215 * 143,375 * 145,754 * 147,207 * 148,998 * 150,353 * 151,342 * 152,497 * 153,902 * 155,157 * 156,260 * 157,203 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 FINANCIAMENTO * 402,957 0.0 * 2,759 * 40,458 * 53,781 * 53,472 * 86,834 * 126,200 * 39,453 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . ECA * 342,513 0.0 * 2,345 * 34,390 * 45,714 * 45,451 * 73,809 * 107,270 * 33,535 . Bancos Comerciais * 60,443 0.0 * 414 * 6,069 * 8,067 * 8,021 * 13,025 * 18,930 * 5,918 RECURSOS PRÓPRIOS * 174,535 0.0 * 487 * 7,380 * 13,259 * 17,893 * 15,324 * 22,271 * 6,962 0.0 0.0 * 10,293 * 27,565 * 30,043 * 18,233 * 4,827 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . Para Investimentos * 71,110 0.0 * 487 * 7,140 * 9,491 * 9,436 * 15,324 * 22,271 * 6,962 . Necessidades de caixa * 103,425 0.0 0.0 * 240 * 3,768 * 8,457 0.0 0.0 0.0 0.0 0.0 * 10,293 * 27,565 * 30,043 * 18,233 * 4,827 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (+) DEPRECIAÇÃO * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 TOTAL DE FONTES * 5,786,667 0.0 * 3,246 * 47,838 * 67,040 * 71,365 * 172,023 * 254,426 * 219,062 * 178,467 * 180,627 * 193,299 * 213,130 * 218,505 * 209,157 * 197,844 * 195,280 * 180,832 * 172,446 * 171,702 * 173,754 * 175,735 * 175,603 * 176,707 * 177,814 * 178,920 * 180,027 * 180,026 * 180,027 * 180,026 * 180,027 * 180,026 * 176,989 * 175,350 * 174,674 * 174,674 USOS INVESTIMENTOS * 474,067 0.0 * 3,246 * 47,598 * 63,272 * 62,908 * 102,158 * 148,470 * 46,415 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . Obras Civis * 135,902 0.0 0.0 * 17,880 * 16,581 * 12,225 * 31,331 * 40,970 * 16,915 . Material Rodante * 165,446 0.0 0.0 * 16,310 * 21,737 * 21,737 * 42,263 * 43,800 * 19,600 . Sistemas * 153,242 0.0 0.0 * 8,539 * 20,085 * 24,077 * 26,941 * 63,700 * 9,900 . Ass. Téc., Adm. E Superv. * 19,476 0.0 * 3,246 * 4,869 * 4,869 * 4,869 * 1,623 0.00.0 CUSTOS / DESPESAS * 2,456,924 0.0 0.0 0.0 0.0 0.0 * 42,906 * 63,008 * 75,397 * 90,562 * 96,331 * 96,331 * 97,437 * 98,543 * 99,650 * 100,754 * 101,862 * 86,009 * 76,368 * 74,521 * 75,630 * 76,734 * 76,602 * 77,706 * 78,813 * 79,919 * 81,026 * 81,025 * 81,026 * 81,025 * 81,026 * 81,025 * 77,988 * 76,349 * 75,673 * 75,673 . Pessoal * 881,797 0.0 0.0 0.0 0.0 0.0 * 11,467 * 17,201 * 17,201 * 26,488 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 . Energia Elétrica * 144,917 0.0 0.0 0.0 0.0 0.0 * 1,384 * 2,077 * 2,077 * 4,159 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 . Materiais * 326,760 0.0 0.0 0.0 0.0 0.0 * 1,256 * 1,884 * 1,884 * 8,656 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 . Gastos Gerais * 347,286 0.0 0.0 0.0 0.0 0.0 * 13,740 * 20,611 * 20,611 * 14,007 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 Subtotal * 1,700,760 0.0 0.0 0.0 0.0 0.0 * 27,847 * 41,772 * 41,772 * 53,310 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 . Depreciação * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 Imposto de Renda + Contribuição Social * 513,023 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 5,943 * 2,160 * 1,611 * 2,669 * 3,737 * 7,082 * 9,121 * 10,842 * 12,350 * 19,441 * 23,942 * 25,122 * 25,049 * 24,957 * 25,002 * 24,627 * 24,250 * 23,874 * 23,498 * 23,498 * 23,498 * 23,498 * 23,498 * 23,498 * 24,531 * 25,088 * 25,318 * 25,318 SERVIÇO DA DÍVIDA * 666,431 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 21,148 * 38,853 * 50,629 * 58,131 * 70,417 * 88,001 * 88,835 * 76,274 * 62,087 * 48,731 * 30,589 * 7,152 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 , Amortização * 402,957 0.0 0.0 0.0 0.0 0.0 0.0 * 460 * 7,203 * 16,167 * 25,079 * 39,551 * 60,583 * 66,699 * 59,953 * 50,992 * 42,082 * 27,609 * 6,578 0.0 . Despesas Financeiras * 263,474 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 20,688 * 31,650 * 34,462 * 33,052 * 30,866 * 27,418 * 22,136 * 16,321 * 11,095 * 6,649 * 2,980 * 574 0.0 Dispêndios de Capital para Renovação * 414,850 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 TAXA DE CONCESSÃO - 5% s/ Rec.Liq. * 222,651 0.0 0.0 0.0 0.0 0.0 * 2,740 * 4,236 * 6,951 * 7,061 * 7,169 * 7,288 * 7,360 * 7,450 * 7,518 * 7,567 * 7,625 * 7,695 * 7,758 * 7,813 * 7,860 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 TOTAL DE USOS * 4,747,945 0.0 * 3,246 * 47,838 * 67,040 * 71,365 * 160,922 * 236,862 * 173,559 * 150,412 * 163,242 * 193,299 * 213,130 * 218,505 * 209,157 * 197,844 * 187,162 * 160,329 * 131,814 * 124,050 * 125,134 * 126,189 * 126,102 * 126,831 * 127,562 * 128,291 * 129,022 * 129,021 * 129,022 * 129,021 * 129,022 * 129,021 * 127,017 * 125,935 * 125,489 * 125,489 SALDO * 1,038,722 0.0 0.0 0.0 0.0 0.0 * 11,101 * 17,564 * 45,503 * 28,055 * 17,385 0.0 0.0 0.0 0.0 0.0 * 8,118 * 20,503 * 40,632 * 47,652 * 48,620 * 49,546 * 49,501 * 49,876 * 50,252 * 50,629 * 51,005 * 51,005 * 51,005 * 51,005 * 51,005 * 51,005 * 49,972 * 49,415 * 49,185 * 49,185 (-) RECURSOS PRÓPRIOS * 174,535 0.0 * 487 * 7,380 * 13,259 * 17,893 * 15,324 * 22,271 * 6,962 0.0 0.0 * 10,293 * 27,565 * 30,043 * 18,233 * 4,827 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (=) FLUXO DE CAIXA LÍQUIDO * 864,187 0.0 * (487) * (7,380) * (13,259) * (17,893) * (4,223) * (4,706) * 38,541 * 28,055 * 17,385 * (10,293) * (27,565) * (30,043) * (18,233) * (4,827) * 8,118 * 20,503 * 40,632 * 47,652 * 48,620 * 49,546 * 49,501 * 49,876 * 50,252 * 50,629 * 51,005 * 51,005 * 51,005 * 51,005 * 51,005 * 51,005 * 49,972 * 49,415 * 49,185 * 49,185 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TIR = 19.45% VPL = 29,448 CP = 13.2% Usos e Fontes 4 LINHA 4 - AMARELA (MORUMBI-LUZ) USOS E FONTES - CONCESSIONÁRIA US$ MIL TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 FONTES RECEITA LÍQUIDA * 4,408,611 0.0 0.0 0.0 0.0 0.0 * 54,260 * 83,879 * 137,637 * 139,808 * 141,945 * 144,301 * 145,740 * 147,514 * 148,854 * 149,833 * 150,976 * 152,366 * 153,609 * 154,703 * 155,634 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 FINANCIAMENTO * 402,957 0.0 * 2,759 * 40,458 * 53,781 * 53,472 * 86,834 * 126,200 * 39,453 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . ECA * 342,513 0.0 * 2,345 * 34,390 * 45,714 * 45,451 * 73,809 * 107,270 * 33,535 . Bancos Comerciais * 60,443 0.0 * 414 * 6,069 * 8,067 * 8,021 * 13,025 * 18,930 * 5,918 RECURSOS PRÓPRIOS * 197,275 0.0 * 487 * 7,140 * 9,491 * 13,024 * 15,324 * 22,271 * 6,962 0.0 0.0 * 18,118 * 35,285 * 35,913 * 23,565 * 9,696 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . Para Investimentos * 71,110 0.0 * 487 * 7,140 * 9,491 * 9,436 * 15,324 * 22,271 * 6,962 . Necessidades de caixa * 126,165 0.0 0.0 0.0 0.0 * 3,588 0.0 0.0 0.0 0.0 0.0 * 18,118 * 35,285 * 35,913 * 23,565 * 9,696 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (+) DEPRECIAÇÃO * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270* 16,594 * 16,594 TOTAL DE FONTES * 5,765,007 0.0 * 3,246 * 47,598 * 63,272 * 66,496 * 171,477 * 253,585 * 217,677 * 177,060 * 179,197 * 199,671 * 219,383 * 222,890 * 212,990 * 201,204 * 193,759 * 179,296 * 170,898 * 170,145 * 172,185 * 174,159 * 174,027 * 175,131 * 176,238 * 177,344 * 178,451 * 178,450 * 178,451 * 178,450 * 178,451 * 178,450 * 175,413 * 173,774 * 173,098 * 173,098 USOS INVESTIMENTOS * 454,591 0.0 0.0 * 42,729 * 58,403 * 58,039 * 100,535 * 148,470 * 46,415 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . Obras Civis * 135,902 0.0 0.0 * 17,880 * 16,581 * 12,225 * 31,331 * 40,970 * 16,915 . Material Rodante * 165,446 0.0 0.0 * 16,310 * 21,737 * 21,737 * 42,263 * 43,800 * 19,600 . Sistemas * 153,242 0.0 0.0 * 8,539 * 20,085 * 24,077 * 26,941 * 63,700 * 9,900 0.0 CUSTOS / DESPESAS * 2,456,924 0.0 0.0 0.0 0.0 0.0 * 42,906 * 63,008 * 75,397 * 90,562 * 96,331 * 96,331 * 97,437 * 98,543 * 99,650 * 100,754 * 101,862 * 86,009 * 76,368 * 74,521 * 75,630 * 76,734 * 76,602 * 77,706 * 78,813 * 79,919 * 81,026 * 81,025 * 81,026 * 81,025 * 81,026 * 81,025 * 77,988 * 76,349 * 75,673 * 75,673 . Pessoal * 881,797 0.0 * 11,467 * 17,201 * 17,201 * 26,488 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 . Energia Elétrica * 144,917 0.0 * 1,384 * 2,077 * 2,077 * 4,159 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 . Materiais * 326,760 0.0 * 1,256 * 1,884 * 1,884 * 8,656 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 . Gastos Gerais * 347,286 0.0 * 13,740 * 20,611 * 20,611 * 14,007 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 Subtotal * 1,700,760 0.0 0.0 0.0 0.0 0.0 * 27,847 * 41,772 * 41,772 * 53,310 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 . Depreciação * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 Imposto de Renda + Contribuição Social * 406,372 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 3,612 0.0 0.0 * 225 * 1,087 * 2,456 * 3,859 * 5,047 * 6,083 * 13,969 * 20,225 * 21,379 * 21,283 * 21,170 * 21,215 * 20,840 * 20,463 * 20,087 * 19,711 * 19,711 * 19,711 * 19,711 * 19,711 * 19,711 * 20,744 * 21,301 * 21,531 * 21,531 SERVIÇO DA DÍVIDA * 666,431 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 21,148 * 38,853 * 50,629 * 58,131 * 70,417 * 88,001 * 88,835 * 76,274 * 62,087 * 48,731 * 30,589 * 7,152 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 , Amortização * 402,957 0.0 0.0 0.0 0.0 0.0 0.0 * 460 * 7,203 * 16,167 * 25,079 * 39,551 * 60,583 * 66,699 * 59,953 * 50,992 * 42,082 * 27,609 * 6,578 0.0 . Despesas Financeiras * 263,474 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 20,688 * 31,650 * 34,462 * 33,052 * 30,866 * 27,418 * 22,136 * 16,321 * 11,095 * 6,649 * 2,980 * 574 0.0 Dispêndios de Capital para Renovação * 414,850 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 TAXA DE CONCESSÃO - CALCULADA * 492,005 0.0 0.0 0.0 0.0 0.0 * 6,055 * 9,361 * 15,360 * 15,602 * 15,841 * 16,104 * 16,264 * 16,462 * 16,612 * 16,721 * 16,849 * 17,004 * 17,143 * 17,265 * 17,369 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 * 17,466 TOTAL DE USOS * 4,891,173 0.0 0.0 * 42,969 * 62,171 * 66,496 * 162,614 * 241,987 * 179,637 * 156,793 * 170,303 * 199,671 * 219,383 * 222,890 * 212,990 * 201,204 * 190,120 * 164,166 * 137,482 * 129,759 * 130,876 * 131,964 * 131,877 * 132,606 * 133,337 * 134,067 * 134,797 * 134,796 * 134,797 * 134,796 * 134,797 * 134,796 * 132,792 * 131,710 * 131,264 * 131,264 SALDO * 873,834 0.0 * 3,246 * 4,629 * 1,101 0.0 * 8,863 * 11,598 * 38,040 * 20,266 * 8,894 0.0 0.0 0.0 0.0 0.0 * 3,639 * 15,130 * 33,416 * 40,386 * 41,309 * 42,194 * 42,149 * 42,525 * 42,901 * 43,277 * 43,653 * 43,653 * 43,653 * 43,653 * 43,653 * 43,653 * 42,621 * 42,063 * 41,833 * 41,833 (-) RECURSOS PRÓPRIOS * 197,275 0.0 * 487 * 7,140 * 9,491 * 13,024 * 15,324 * 22,271 * 6,962 0.0 0.0 * 18,118 * 35,285 * 35,913 * 23,565 * 9,696 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (=) FLUXO DE CAIXA LÍQUIDO * 676,559 0.0 * 2,759 * (2,511) * (8,390) * (13,024) * (6,461) * (10,672) * 31,078 * 20,266 * 8,894 * (18,118) * (35,285) * (35,913) * (23,565) * (9,696) * 3,639 * 15,130 * 33,416 * 40,386 * 41,309 * 42,194 * 42,149 * 42,525 * 42,901 * 43,277 * 43,653 * 43,653 * 43,653 * 43,653 * 43,653 * 43,653 * 42,621 * 42,063 * 41,833 * 41,833 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TIR = 16.91% VPL = 13,862 CP = 13.2% Usos e Fontes 5 LINHA 4 - AMARELA (MORUMBI-LUZ) USOS E FONTES - CONCESSIONÁRIA US$ MIL TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 FONTES RECEITA LÍQUIDA * 4,408,611 0.0 0.0 0.0 0.0 0.0 * 54,260 * 83,879 * 137,637 * 139,808 * 141,945 * 144,301 * 145,740 * 147,514 * 148,854 * 149,833 * 150,976 * 152,366 * 153,609 * 154,703 * 155,634 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 * 156,504 RECURSOS PRÓPRIOS * 756,968 0.0 * 3,246 * 83,187 * 112,184 * 111,511 * 163,669 * 236,757 * 46,415 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . Para Investimentos * 474,067 0.0 * 3,246 * 47,598 * 63,272 * 62,908 * 102,158 * 148,470 * 46,415 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.00.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . Para Investimentos * 71,110 0.0 * 487 * 7,140 * 9,491 * 9,436 * 15,324 * 22,271 * 6,962 . ECA * 342,513 0.0 * 2,345 * 34,390 * 45,714 * 45,451 * 73,809 * 107,270 * 33,535 . Bancos Comerciais * 60,443 0.0 * 414 * 6,069 * 8,067 * 8,021 * 13,025 * 18,930 * 5,918 . Necessidades de caixa * 282,901 0.0 0.0 * 35,589 * 48,912 * 48,603 * 61,511 * 88,287 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (+) DEPRECIAÇÃO * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 TOTAL DE FONTES * 5,921,743 0.0 * 3,246 * 83,187 * 112,184 * 111,511 * 232,988 * 341,871 * 217,677 * 177,060 * 179,197 * 181,553 * 184,098 * 186,978 * 189,425 * 191,508 * 193,759 * 179,296 * 170,898 * 170,145 * 172,185 * 174,159 * 174,027 * 175,131 * 176,238 * 177,344 * 178,451 * 178,450 * 178,451 * 178,450 * 178,451 * 178,450 * 175,413 * 173,774 * 173,098 * 173,098 USOS INVESTIMENTOS * 454,591 0.0 0.0 * 42,729 * 58,403 * 58,039 * 100,535 * 148,470 * 46,415 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 . Obras Civis * 135,902 0.0 0.0 * 17,880 * 16,581 * 12,225 * 31,331 * 40,970 * 16,915 . Material Rodante * 165,446 0.0 0.0 * 16,310 * 21,737 * 21,737 * 42,263 * 43,800 * 19,600 . Sistemas * 153,242 0.0 0.0 * 8,539 * 20,085 * 24,077 * 26,941 * 63,700 * 9,900 0.0 CUSTOS / DESPESAS * 2,456,924 0.0 0.0 0.0 0.0 0.0 * 42,906 * 63,008 * 75,397 * 90,562 * 96,331 * 96,331 * 97,437 * 98,543 * 99,650 * 100,754 * 101,862 * 86,009 * 76,368 * 74,521 * 75,630 * 76,734 * 76,602 * 77,706 * 78,813 * 79,919 * 81,026 * 81,025 * 81,026 * 81,025 * 81,026 * 81,025 * 77,988 * 76,349 * 75,673 * 75,673 . Pessoal * 881,797 0.0 * 11,467 * 17,201 * 17,201 * 26,488 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 * 31,132 . Energia Elétrica * 144,917 0.0 * 1,384 * 2,077 * 2,077 * 4,159 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 * 5,201 . Materiais * 326,760 0.0 * 1,256 * 1,884 * 1,884 * 8,656 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 * 12,042 . Gastos Gerais * 347,286 0.0 * 13,740 * 20,611 * 20,611 * 14,007 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 * 10,705 Subtotal * 1,700,760 0.0 0.0 0.0 0.0 0.0 * 27,847 * 41,772 * 41,772 * 53,310 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 . Depreciação * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 Imposto de Renda + Contribuição Social * 498,683 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 5,629 * 1,842 * 1,288 * 2,340 * 3,223 * 5,645 * 8,636 * 10,354 * 11,858 * 18,945 * 23,442 * 24,619 * 24,542 * 24,448 * 24,493 * 24,118 * 23,741 * 23,365 * 22,989 * 22,989 * 22,989 * 22,989 * 22,989 * 22,989 * 24,022 * 24,579 * 24,809 * 24,809 SERVIÇO DA DÍVIDA 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 , Amortização 0.0 . Despesas Financeiras 0.0 Dispêndios de Capital para Renovação * 414,850 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 TAXA DE CONCESSÃO - 5% s/Rec.Liq. * 220,428 0.0 0.0 0.0 0.0 0.0 * 2,713 * 4,194 * 6,882 * 6,990 * 7,097 * 7,215 * 7,287 * 7,376 * 7,443 * 7,492 * 7,549 * 7,618 * 7,680 * 7,735 * 7,782 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 * 7,825 TOTAL DE USOS * 4,045,475 0.0 0.0 * 42,729 * 58,403 * 58,039 * 146,154 * 215,672 * 134,323 * 99,394 * 104,716 * 122,481 * 124,542 * 128,158 * 132,324 * 135,194 * 137,863 * 129,166 * 124,085 * 123,469 * 124,548 * 125,601 * 125,514 * 126,243 * 126,973 * 127,703 * 128,434 * 128,433 * 128,434 * 128,433 * 128,434 * 128,433 * 126,429 * 125,347 * 124,901 * 124,901 SALDO * 1,876,268 0.0 * 3,246 * 40,458 * 53,781 * 53,472 * 86,834 * 126,200 * 83,353 * 77,666 * 74,482 * 59,072 * 59,557 * 58,819 * 57,101 * 56,314 * 55,895 * 50,130 * 46,813 * 46,676 * 47,636 * 48,557 * 48,512 * 48,888 * 49,264 * 49,640 * 50,017 * 50,016 * 50,017 * 50,016 * 50,017 * 50,016 * 48,984 * 48,426 * 48,197 * 48,197 (-) RECURSOS PRÓPRIOS * 756,968 0.0 * 3,246 * 83,187 * 112,184 * 111,511 * 163,669 * 236,757 * 46,415 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (=) FLUXO DE CAIXA LÍQUIDO * 1,119,300 0.0 0.0 * (42,729) * (58,403) * (58,039) * (76,834) * (110,557) * 36,938 * 77,666 * 74,482 * 59,072 * 59,557 * 58,819 * 57,101 * 56,314 * 55,895 * 50,130 * 46,813 * 46,676 * 47,636 * 48,557 * 48,512 * 48,888 * 49,264 * 49,640 * 50,017 * 50,016 * 50,017 * 50,016 * 50,017 * 50,016 * 48,984 * 48,426 * 48,197 * 48,197 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TIR = 12.79% VPL = -6,517 CP = 13.2% Grafico Fluxo de Caixa 1 Grafico Fluxo de Caixa 1 0 0 0 0 0 2001 0 0 0 0 -486.9 2002 0 0 0 240 -7379.6911096179 2003 0 0 0 3768 -13258.7755064909 2004 0 0 0 8457 -17893.2131197745 2005 54806 27847 6601.3678212673 13118 -8084.0386572196 2006 84720 41771.863 10205 21148 -10675.363 2007 139022 41771.863 16746 38853 31077.887 2008 141215 53310 17010 50629 20266 2009 143375 59079.189 17270 58131 8894.811 2010 145754 59079.189 17557 70417 -18118.189 2011 147207 59079.189 17732 88001.1 -35285.289 2012 148998 59079.189 17948 88835.2496211678 -35913.4386211678 2013 150353 59079.189 18111 76274.0612034485-23564.2502034485 2014 151342 59079.189 18230 62086.8743453886 -9696.0633453886 2015 152497 59079.189 18369 48731.1347370629 3639.6762629371 2016 153902 59079.189 18538 30589.5 15132.311 2017 155157 59079.189 18689 7151.75 33418.061 2018 156260 59079.189 18822 0 40385.811 2019 157203 59079.189 18936 2020 41310.811 2020 158080 59079.189 19042 2021 42194.811 2021 158080 59079.189 19042 2022 42149.811 2022 158080 59079.189 19042 2023 42524.811 2023 158080 59079.189 19042 2024 42901.811 2024 158080 59079.189 19042 2025 43276.811 2025 158080 59079.189 19042 2026 43653.811 2026 158080 59079.189 19042 2027 43653.811 2027 158080 59079.189 19042 2028 43653.811 2028 158080 59079.189 19042 2029 43653.811 2029 158080 59079.189 19042 2030 43653.811 2030 158080 59079.189 19042 2031 43653.811 2031 158080 59079.189 19042 2032 42621.811 2032 158080 59079.189 19042 2033 42063.811 2033 158080 59079.189 19042 2034 41833.811 2034 158080 59079.189 19042 2035 41833.811 2035 RECEITA LÍQUIDA CUSTO DOS SERVIÇOS PRESTADOS TAXA DE CONCESSÃO SERVIÇO DA DÍVIDA FLUXO DE CAIXA ANUAL INVESTIMENTOS + RENOVAÇÃO ANOS US$ MIL FLUXO DE CAIXA DA CONCESSIONÁRIA Fluxo de Caixa 1 LINHA 4 - AMARELA (MORUMBI-LUZ) FLUXO DE CAIXA - CONCESSIONÁRIA US$ MIL TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 (+) Receita Líquida * 4,453,011 0.0 0.0 0.0 0.0 0.0 * 54,806 * 84,720 * 139,022 * 141,215 * 143,375 * 145,754 * 147,207 * 148,998 * 150,353 * 151,342 * 152,497 * 153,902 * 155,157 * 156,260 * 157,203 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 (-) Custo dos Serviços Prestados * 2,456,924 0.0 0.0 0.0 0.0 0.0 * 42,906 * 63,008 * 75,397 * 90,562 * 96,331 * 96,331 * 97,437 * 98,543 * 99,650 * 100,754 * 101,862 * 86,009 * 76,368 * 74,521 * 75,630 * 76,734 * 76,602 * 77,706 * 78,813 * 79,919 * 81,026 * 81,025 * 81,026 * 81,025 * 81,026 * 81,025 * 77,988 * 76,349 * 75,673 * 75,673 . Custos Operacionais * 1,700,760 0.0 0.0 0.0 0.0 0.0 * 27,847 * 41,772 * 41,772 * 53,310 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 . Depreciação * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 (-) Despesas Financeiras * 263,474 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 20,688 * 31,650 * 34,462 * 33,052 * 30,866 * 27,418 * 22,136 * 16,321 * 11,095 * 6,649 * 2,980 * 574 0.0 (-) Taxa de Concessão (*) * 536,394 0.0 0.0 0.0 0.0 0.0 * 6,601 * 10,205 * 16,746 * 17,010 * 17,270 * 17,557 * 17,732 * 17,948 * 18,111 * 18,230 * 18,369 * 18,538 * 18,689 * 18,822 * 18,936 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 * 19,042 (=) Lucro Antes do IR e CS * 1,196,219 0.0 0.0 * (240) * (3,768) * (8,457) * (7,819) * (9,181) * 15,229 * (819) * (3,278) * 1,000 * 4,620 * 10,371 * 16,271 * 21,263 * 25,617 * 46,375 * 59,526 * 62,917 * 62,637 * 62,304 * 62,436 * 61,332 * 60,225 * 59,119 * 58,012 * 58,013 * 58,012 * 58,013 * 58,012 * 58,013 * 61,050 * 62,689 * 63,365 * 63,365 (-) Provisão para CS e IR * 406,372 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 3,611 0.0 0.0 * 225 * 1,086 * 2,455 * 3,859 * 5,048 * 6,084 * 13,969 * 20,225 * 21,379 * 21,283 * 21,170 * 21,215 * 20,840 * 20,463 * 20,088 * 19,711 * 19,711 * 19,711 * 19,711 * 19,711 * 19,711 * 20,743 * 21,301 * 21,531 * 21,531 . Contribuição Social * 107,658 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 959 0.0 0.0 * 63 * 291 * 653 * 1,025 * 1,340 * 1,614 * 3,701 * 5,357 * 5,663 * 5,637 * 5,607 * 5,619 * 5,520 * 5,420 * 5,321 * 5,221 * 5,221 * 5,221 * 5,221 * 5,221 * 5,221 * 5,494 * 5,642 * 5,703 * 5,703 . Imposto de Renda * 298,714 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 2,652 0.0 0.0 * 162 * 795 * 1,802 * 2,834 * 3,708 * 4,470 * 10,268 * 14,868 * 15,716 * 15,646 * 15,563 * 15,596 * 15,320 * 15,043 * 14,767 * 14,490 * 14,490 * 14,490 * 14,490 * 14,490 * 14,490 * 15,249 * 15,659 * 15,828 * 15,828 (=) Lucro Operacional * 789,847 0.0 0.0 * (240) * (3,768) * (8,457) * (7,819) * (9,181) * 11,618 * (819) * (3,278) * 775 * 3,534 * 7,916 * 12,412 * 16,215 * 19,533 * 32,406 * 39,301 * 41,538 * 41,354 * 41,134 * 41,221 * 40,492 * 39,762 * 39,031 * 38,301 * 38,302 * 38,301 * 38,302 * 38,301 * 38,302 * 40,307 * 41,388 * 41,834 * 41,834 (+) Depreciação * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 (+) Despesas Financeiras * 263,474 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 20,688 * 31,650 * 34,462 * 33,052 * 30,866 * 27,418 * 22,136 * 16,321 * 11,095 * 6,649 * 2,980 * 574 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (-) Investimentos * 474,067 0.0 * 3,246 * 47,598 * 63,272 * 62,908 * 102,158 * 148,470 * 46,415 (-) Dispêndios de Capital para Renovação * 414,850 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 (=) FLUXO DE CAIXA OPERACIONAL * 920,568 0.0 * (3,246) * (47,598) * (63,272) * (62,908) * (81,800) * (115,727) * 30,478 * 70,895 * 67,026 * 52,299 * 52,716 * 52,922 * 52,710 * 52,391 * 52,371 * 45,722 * 40,570 * 40,386 * 41,311 * 42,195 * 42,150 * 42,525 * 42,902 * 43,277 * 43,654 * 43,654 * 43,654 * 43,654 * 43,654 * 43,654 * 42,622 * 42,064 * 41,834 * 41,834 (+) Financiamento * 402,957 0.0 * 2,759 * 40,458 * 53,781 * 53,472 * 86,834 * 126,200 * 39,453 (-) Serviço da Dívida * 666,431 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 21,148 * 38,853 * 50,629 * 58,131 * 70,417 * 88,001 * 88,835 * 76,274 * 62,087 * 48,731 * 30,589 * 7,152 0.0 (=) FLUXO DE CAIXA DO ACIONISTA * 657,094 0.0 * (487) * (7,380) * (13,259) * (17,893) * (8,084) * (10,675) * 31,078 * 20,266 * 8,895 * (18,118) * (35,285) * (35,913) * (23,564) * (9,696) * 3,640 * 15,132 * 33,418 * 40,386 * 41,311 * 42,195 * 42,150 * 42,525 * 42,902 * 43,277 * 43,654 * 43,654 * 43,654 * 43,654 * 43,654 * 43,654 * 42,622 * 42,064 * 41,834 * 41,834 RESULTADOS DO FLUXO DE CAIXA DA CONCESSIONÁRIA (ALTERNATIVA1) TIR VPL TX.DESC. (*) TAXA DE ao ano US$ MIL ao ano CONCESSÃO FLUXO DE CAIXA OPERACIONAL 10.46% * 118,681 6.88% (WACC) FLUXO DE CAIXA DO ACIONISTA 13.20% * (1) 13.20% (CCP) 12.05% Compensação do Prejuizo . Apuração 0 0 240 3,768 8,457 7,819 9,181 0 819 3,278 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 . Compensação máxima 0 0 0 0 0 0 0 4,569 0 0 300 1,386 3,111 4,881 6,379 7,685 13,912 17,858 18,875 18,791 18,691 18,731 18,400 18,067 17,736 17,404 17,404 17,404 17,404 17,404 17,404 18,315 18,807 19,009 19,009 . Saldo 0 0 240 4,008 12,465 20,284 29,465 24,896 25,715 28,993 28,693 27,307 24,196 19,315 12,936 5,251 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Compensação real 0 0 0 0 0 0 0 4,569 0 0 300 1,386 3,111 4,881 6,379 7,685 5,251 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Valor do limite do adicional IR - R$ mil 240 R$ / US$ 1.8441 Valor do limite do adicional IR - US$ mil 130 Cálculo do Imposto de Renda 0 0 0 0 0 0 0 2,652 0 0 162 795 1,802 2,834 3,708 4,470 10,268 14,868 15,716 15,646 15,563 15,596 15,320 15,043 14,767 14,490 14,490 14,490 14,490 14,490 14,490 15,249 15,659 15,828 15,828 Cálculo da Contribuição Social 0 0 0 0 0 0 0 959 0 0 63 291 653 1,025 1,340 1,614 3,701 5,357 5,663 5,637 5,607 5,619 5,520 5,420 5,321 5,221 5,221 5,221 5,221 5,221 5,221 5,494 5,642 5,703 5,703 Análise calculando Taxa de Concessão para Fluxo de Caixa zerado sobre Receita com crescimento vegetativo da demanda Fluxo de Caixa 2 LINHA 4 - AMARELA (MORUMBI-LUZ) LINHA 4 - AMARELA (MORUMBI-LUZ) (ALTERNATIVA 2.2) CONTINUAÇÃO FLUXO DE CAIXA - CONCESSIONÁRIA US$ MIL FLUXO DE CAIXA - CONCESSIONÁRIA US$ MIL TOTAL * 2,001 * 2,002 * 2,003 * 2,004 * 2,005 * 2,006 * 2,007 * 2,008 * 2,009 * 2,010 * 2,011 * 2,012 * 2,013 * 2,014 * 2,015 * 2,016 * 2,017 * 2,018 * 2,019 * 2,020 * 2,021 * 2,022 * 2,023 * 2,024 * 2,025 * 2,026 * 2,027 * 2,028 * 2,029 * 2,030 * 2,031 * 2,032 * 2,033 * 2,034 * 2,035 (+) Receita Líquida * 4,453,011 0.0 0.0 0.0 0.0 0.0 * 54,806 * 84,720 * 139,022 * 141,215 * 143,375 * 145,754 * 147,207 * 148,998 * 150,353 * 151,342 * 152,497 * 153,902 * 155,157 * 156,260 * 157,203 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 * 158,080 (-) Custo dos Serviços Prestados * 2,456,924 0.0 0.0 0.0 0.0 0.0 * 42,906 * 63,008 * 75,397 * 90,562 * 96,331 * 96,331 * 97,437 * 98,543 * 99,650 * 100,754 * 101,862 * 86,009 * 76,368 * 74,521 * 75,630 * 76,734 * 76,602 * 77,706 * 78,813 * 79,919 * 81,026 * 81,025 * 81,026 * 81,025 * 81,026 * 81,025 * 77,988 * 76,349 * 75,673 * 75,673 . Custos Operacionais * 1,700,760 0.0 0.0 0.0 0.0 0.0 * 27,847 * 41,772 * 41,772 * 53,310 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 * 59,079 . Depreciação * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 (-) Despesas Financeiras * 263,474 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 20,688 * 31,650 * 34,462 * 33,052 * 30,866 * 27,418 * 22,136 * 16,321 * 11,095 * 6,649 * 2,980 * 574 0.0 (-) Taxa de Concessão - 5% s/ Rec. Liq. * 222,651 0.0 0.0 0.0 0.0 0.0 * 2,740 * 4,236 * 6,951 * 7,061 * 7,169 * 7,288 * 7,360 * 7,450 * 7,518 * 7,567 * 7,625 * 7,695 * 7,758 * 7,813 * 7,860 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 * 7,904 (=) Lucro Antes do IR e CS * 1,509,962 0.0 0.0 * (240) * (3,768) * (8,457) * (3,958) * (3,212) * 25,024 * 9,130 * 6,823 * 11,269 * 14,992 * 20,869 * 26,864 * 31,926 * 36,361 * 57,218 * 70,457 * 73,926 * 73,713 * 73,442 * 73,574 * 72,470 * 71,363 * 70,257 * 69,150 * 69,151 * 69,150 * 69,151 * 69,150 * 69,151 * 72,188 * 73,827 * 74,503 * 74,503 (-) Provisão para CS e IR * 513,023 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 5,943 * 2,160 * 1,611 * 2,669 * 3,737 * 7,082 * 9,121 * 10,842 * 12,350 * 19,441 * 23,942 * 25,122 * 25,049 * 24,957 * 25,002 * 24,627 * 24,250 * 23,874 * 23,498 * 23,498 * 23,498 * 23,498 * 23,498 * 23,498 * 24,531 * 25,088 * 25,318 * 25,318 . Contribuição Social * 135,897 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 1,577 * 575 * 430 * 710 * 993 * 1,878 * 2,418 * 2,873 * 3,272 * 5,150 * 6,341 * 6,653 * 6,634 * 6,610 * 6,622 * 6,522 * 6,423 * 6,323 * 6,223 * 6,224 * 6,223 * 6,224 * 6,223 * 6,224 * 6,497 * 6,644 * 6,705 * 6,705 . Imposto de Renda * 377,126 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 4,366 * 1,585 * 1,181 * 1,959 * 2,745 * 5,204 * 6,703 * 7,968 * 9,077 * 14,291 * 17,601 * 18,468 * 18,415 * 18,347 * 18,380 * 18,104 * 17,828 * 17,551 * 17,274 * 17,275 * 17,274 * 17,275 * 17,274 * 17,275 * 18,034 * 18,444 * 18,613 * 18,613 (=) Lucro Operacional * 996,940 0.0 0.0 * (240) * (3,768) * (8,457) * (3,958) * (3,212) * 19,081 * 6,970 * 5,212 * 8,600 * 11,254 * 13,786 * 17,743 * 21,084 * 24,011 * 37,777 * 46,515 * 48,804 * 48,663 * 48,485 * 48,572 * 47,843 * 47,112 * 46,383 * 45,652 * 45,653 * 45,652 * 45,653 * 45,652 * 45,653 * 47,657 * 48,739 * 49,185 * 49,185 (+) Depreciação * 756,164 0.0 0.0 0.0 0.0 0.0 * 15,059 * 21,236 * 33,625 * 37,252 * 37,252 * 37,252 * 38,358 * 39,464 * 40,571 * 41,675 * 42,783 * 26,930 * 17,289 * 15,442 * 16,551 * 17,655 * 17,523 * 18,627 * 19,734 * 20,840 * 21,947 * 21,946 * 21,947 * 21,946 * 21,947 * 21,946 * 18,909 * 17,270 * 16,594 * 16,594 (+) Despesas Financeiras * 263,474 0.0 0.0 * 240 * 3,768 * 8,457 * 13,118 * 20,688 * 31,650 * 34,462 * 33,052 * 30,866 * 27,418 * 22,136 * 16,321 * 11,095 * 6,649 * 2,980 * 574 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (-) Investimentos * 474,067 0.0 * 3,246 * 47,598 * 63,272 * 62,908 * 102,158 * 148,470 * 46,415 (-) Dispêndios de Capital para Renovação * 414,850 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 * 16,594 (=) FLUXO DE CAIXA OPERACIONAL * 1,127,661 0.0 * (3,246) * (47,598) * (63,272) * (62,908) * (77,939) * (109,758) * 37,941 * 78,684 * 75,516 * 60,124 * 60,436 * 58,792 * 58,041 * 57,260 * 56,849 * 51,093 * 47,784 * 47,652 * 48,620 * 49,546 * 49,501 * 49,876 * 50,252 * 50,629 * 51,005 * 51,005 * 51,005 * 51,005 * 51,005 * 51,005 * 49,972 * 49,415 * 49,185 * 49,185 (+) Financiamento * 402,957 0.0 * 2,759 * 40,458 * 53,781 * 53,472 * 86,834 * 126,200 * 39,453 (-) Serviço da Dívida * 666,431 0.0 0.0
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