2014
INTERNAL -
1
47
2014
2014 6 30
2014
INTERNAL - 2
2014
INTERNAL - 3
? ........................................................................................................................ 2?
? ............................................................................................................................. 2?
? ..................................................................................................................................... 3?
? .................................................................................................................................... 5?
? ..................................................................................................................... 5?
? ..................................................................................................................... 5?
? ................................................................................................. 6?
? ..................................................................................................................... 6?
? ..................................................................................................................... 6?
? ................................................................................................ 7?
? ................................................................................................. 7?
? ..................................................................................................................... 7?
? ................................................................................................................................ 9?
? ............................................................................................. 9?
? ................................................... 10?
? ............................................................... 10?
? ................................................... 11?
? ............................................... 12?
? ........................................................... 12?
? ............................................................... 14?
? .............................................................................................................................. 14?
? ................................................................... 14?
? 14?
? ............... 14?
? ...................................................................................... 15?
? ....................................................................................................................... 15?
? ............................................................................................................................... 16?
? ................................................................................... 17?
? ........................................................................................................................... 18?
? .......................................................................................................................... 35?
? ................................................................................................... 35?
? ................................................................................... 35?
? ....................... 36?
? ............................................................................... 38?
? ........................................................................... 39?
? ................... 40?
? ....... 40?
? ....... 40?
2014
INTERNAL - 4
? ................... 40?
? ........................................................... 40?
? ........................................................... 40?
............................................................................................................ 41?
? .............................................................................................................. 42?
? ....................................................................... 42?
? ........................................................... 42?
8.3? ............. 42?
? .............................................................................................................. 42?
? ................................................................................................................... 43?
? ............................................................................................... 43?
? ............................... 43?
? ................................................... 43?
? ....................................................................................................... 43?
? ................................................................................... 43?
? ........................................... 43?
? ....................................................................... 44?
? ................................................................................................................... 45?
? ................................................................................................................... 47?
? ................................................................................................................... 47?
? ........................................................................................................................... 47?
? ........................................................................................................................... 47?
2014
INTERNAL - 5
540002
540002
2006 9 27
869,659,675.98
1.
2.
P/E ROE CFROI
75% A600 25% 1
2014
INTERNAL - 6
2014
INTERNAL - 7
3.1.1
2014 1 1 2014 6 30
-75,843,739.56
-111,769,782.78
-0.0875
-8.53%
-7.01%
3.1.2
5,299,372.20
0.0061
874,959,048.18
1.0061
3.1.3
135.64%
3.32% 1.03% 1.08% 0.63% 2.24% 0.40%
3.31% 1.01% 0.71% 0.70% 2.60% 0.31%
-7.01% 1.21% -4.71% 0.84% -2.30% 0.37%
4.91% 1.32% 0.20% 0.90% 4.71% 0.42%
-2.32% 1.22% -18.02% 1.01% 15.70% 0.21%
135.64% 1.58% 44.69% 1.44% 90.95% 0.14%
2014
INTERNAL - 8
2014
INTERNAL - 9
2013-12-28 - 13
2014
INTERNAL - 10
2006-09-27 2014-01-11 15
2014
INTERNAL - 11
2014
INTERNAL - 12
2014
INTERNAL - 13
2014
INTERNAL - 14
2014
INTERNAL - 15
6.4.7.1
6.4.10.5
105,247.67 337,932,292.52
61,537,826.53 64,888,961.65
839,437.34 305,559.39
744,082,025.09 1,820,816,408.90
693,857,025.09 1,820,816,408.90
--
50,225,000.00 -
--
--
6.4.7.3 - -
6.4.7.4 90,000,000.00 -
- 49,404,126.51
6.4.7.5 1,138,700.91 83,957.72
--
210,237.98 299,288.40
--
6.4.7.6 - -
897,913,475.522,273,730,595.09
--
--
--
--
19,990,070.62 -
429,402.56 7,951,236.67
1,072,645.31 3,119,357.21
178,774.23 519,892.87
2014
INTERNAL - 16
--
6.4.7.7 1,074,291.32 1,594,392.04
--
--
--
--
6.4.7.8 209,243.30 514,703.27
22,954,427.34 13,699,582.06
6.4.7.9 869,659,675.982,088,821,490.76
6.4.7.10 5,299,372.20 171,209,522.27
874,959,048.18 2,260,031,013.03
897,913,475.52 2,273,730,595.09
-94,258,326.88 91,482,360.27
1. 4,504,207.27 694,253.78
1,558,434.57 694,253.78
1,098,919.76 -
--
1,846,852.94 -
--
2. -
-63,828,872.23 80,281,865.99
6.4.7.12 -70,532,521.01 75,909,690.64
--
6.4.7.13 259,712.43 -
--
--
6.4.7.14 - -
2014
INTERNAL - 17
6.4.7.15 6,443,936.35 4,372,175.35
3. -
6.4.7.16 -35,926,043.22 10,338,880.84
4.
--
5. -
6.4.7.17 992,381.30 167,359.66
17,511,455.90 10,181,745.36
1 6.4.10.2.1 9,789,475.42 5,985,384.77
2 6.4.10.2.2 1,631,579.23 997,564.07
3
--
4 6.4.7.18 5,871,315.36 2,980,868.94
5
--
--
6 6.4.7.19 219,085.89 217,927.58
-
-111,769,782.78 81,300,614.91
--
-
-111,769,782.78 81,300,614.91
2,088,821,490.76 171,209,522.27 2,260,031,013.03
- -111,769,782.78 -111,769,782.78
-1,219,161,814.78 -54,140,367.29 -1,273,302,182.07
46,968,282.20 1,003,866.62 47,972,148.82
-1,266,130,096.98 -55,144,233.91 -1,321,274,330.89
-- -
2014
INTERNAL - 18
869,659,675.98 5,299,372.20 874,959,048.18
638,585,311.06 108,797,250.06 747,382,561.12
- 81,300,614.91 81,300,614.91
37,056,286.97 10,128,954.52 47,185,241.49
209,942,129.08 60,381,623.37 270,323,752.45
-172,885,842.11 -50,252,668.85 -223,138,510.96
-- -
675,641,598.03 200,226,819.49 875,868,417.52
6.1 6.4
2014
INTERNAL - 19
2013
2014
INTERNAL - 20
105,247.67
-
-
105,247.67
2014
INTERNAL - 21
645,867,428.42693,857,025.09 47,989,596.67
-- -
-- -
49,970,000.00 50,225,000.00 255,000.00
49,970,000.00 50,225,000.00 255,000.00
-- -
-- -
-- -
695,837,428.42744,082,025.09 48,244,596.67
90,000,000.00 -
90,000,000.00 -
86.75
-
-
24,568.61
1,111,808.22
-
2014
INTERNAL - 22
1,897.40
-
339.93
1,138,700.91
1,074,148.32
143.00
1,074,291.32
-
970.22
-
-
208,273.08
-
209,243.30
2,088,821,490.76 2,088,821,490.76
46,968,282.20 46,968,282.20
-1,266,130,096.98 -1,266,130,096.98
869,659,675.98 869,659,675.98
470,893,207.97 -299,683,685.70 171,209,522.27
-75,843,739.56 -35,926,043.22 -111,769,782.78
2014
INTERNAL - 23
-251,263,797.88 197,123,430.59 -54,140,367.29
8,882,327.13 -7,878,460.51 1,003,866.62
-260,146,125.01 205,001,891.10 -55,144,233.91
-- -
143,785,670.53 -138,486,298.33 5,299,372.20
182,070.10
-
-
1,368,218.47
8,146.00
1,558,434.57
2,272,634,559.50
2,343,167,080.51
-70,532,521.01
1,997,550.00
1,737,000.00
837.57
259,712.43
6.4.7.14
2014
INTERNAL - 24
6,443,936.35
-
6,443,936.35
-35,926,043.22
-36,181,043.22
255,000.00
-
-
-
-
-
-
-
-35,926,043.22
948,131.70
42,828.40
1,421.20
992,381.30
2014
INTERNAL - 25
5,871,040.36
275.00
5,871,315.36
59,507.37
148,765.71
1,412.81
9,000.00
400.00
219,085.89
2014
INTERNAL - 26
-- - -
43,498.26 2.44% 43,498.26 5.29%
9,789,475.42 5,985,384.77
2014
INTERNAL - 27
593,150.65 674,060.00
1,631,579.23 997,564.07
105,247.67 182,070.10109,001,032.57 306,812.58
2014
INTERNAL - 28
002727
2014-06-
25
2014-07-
02
12.20 12.20 500 6,100.00 6,100.00 -
300271
2014-06-
27
40.30 - - 310,000 10,968,836.80 12,493,000.00 -
300166
2014-04-
09
19.88
2014-0
7-09
20.58 1,380,080 25,136,288.83 27,435,990.40 -
300323
2014-04-
28
20.06
2014-0
7-28
11.21 1,223,902 16,985,601.62 24,551,474.12 -
2014
INTERNAL - 29
6.4.13.2.1
6.4.13.2.2
2014 6 30
50,225,000.00 (2013 12 31 0
2014
INTERNAL - 30
105,247.67 - - - 105,247.67
61,537,826.53 - - - 61,537,826.53
839,437.34 - - - 839,437.34
50,225,000.00 - - 693,857,025.09 744,082,025.09
- - - - -
90,000,000.00 - - - 90,000,000.00
- - - - -
- - - 1,138,700.91 1,138,700.91
- - - - -
- - - 210,237.98 210,237.98
- - - - -
- - - - -
202,707,511.54 - - 695,205,963.98 897,913,475.52
- - - - -
- - - - -
2014
INTERNAL - 31
- - - - -
- - - - -
- - - 19,990,070.62 19,990,070.62
- - - 429,402.56 429,402.56
- - - 1,072,645.31 1,072,645.31
- - - 178,774.23 178,774.23
- - - - -
- - - 1,074,291.32 1,074,291.32
- - - - -
- - - - -
- - - - -
- - - - -
- - - 209,243.30 209,243.30
- - - 22,954,427.34 22,954,427.34
202,707,511.54 - - 672,251,536.64 874,959,048.18
1 1-5 5
337,932,292.52 - - - 337,932,292.52
64,888,961.65 - - - 64,888,961.65
305,559.39 - - - 305,559.39
- - - 1,820,816,408.90
1,820,816,408.9
0
- - - - -
- - - - -
- - - 49,404,126.51 49,404,126.51
- - - 83,957.72 83,957.72
- - - - -
3,497.02 - - 295,791.38 299,288.40
- - - - -
- - - - -
403,130,310.58 - - 1,870,600,284.51
2,273,730,595.0
9
2014
INTERNAL - 32
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - 7,951,236.67 7,951,236.67
- - - 3,119,357.21 3,119,357.21
- - - 519,892.87 519,892.87
- - - - -
- - - 1,594,392.04 1,594,392.04
- - - - -
- - - - -
- - - - -
- - - - -
- - - 514,703.27 514,703.27
- - - 13,699,582.06 13,699,582.06
403,130,310.58 - - 1,856,900,702.45
2,260,031,013.0
3
67,413.45
67,413.45
2014
INTERNAL - 33
693,857,025.09 79.30 1,820,816,408.90 80.57
50,225,000.00 5.74 - -
-- - -
-- - -
-- - -
744,082,025.09 85.04 1,820,816,408.90 80.57
6.4.13.4.3.2
2014
INTERNAL - 34
53,760,437.82 132,407,935.19
53,760,437.82 132,407,935.19
6.4.14
2014
INTERNAL - 35
1
693,857,025.09 77.27
693,857,025.09 77.27
2
50,225,000.00 5.59
50,225,000.00 5.59
- -
3
- -
4
- -
5
90,000,000.00 10.02
- -
6
61,643,074.20 6.87
7
2,188,376.23 0.24
8
897,913,475.52 100.00
A
- -
B
- -
C
448,937,261.61 51.31
D
11,747,334.90 1.34
2014
INTERNAL - 36
E
- -
F
6,100.00 0.00
G
10,839,384.00 1.24
H
- -
I
98,773,540.36 11.29
J
82,903,665.00 9.48
K
20,889,090.02 2.39
L
15,033,766.00 1.72
M
- -
N
- -
O
- -
P
- -
Q
- -
R
4,726,883.20 0.54
S
- -
693,857,025.09 79.30
1 300166 1,380,080 27,435,990.40 3.14
2 300323 1,223,902 24,551,474.12 2.81
3 600699 910,993 22,893,254.09 2.62
4 600261 2,021,781 19,975,196.28 2.28
5 600594 471,500 19,392,795.00 2.22
6 600196 929,462 18,765,837.78 2.14
7 000712 1,250,000 18,662,500.00 2.13
8 300150 1,154,056 18,280,247.04 2.09
9 600446 591,273 18,175,732.02 2.08
10 600109 899,500 17,873,065.00 2.04
11 300219 1,312,044 17,712,594.00 2.02
12 300178 923,450 15,033,766.00 1.72
13 002048 995,200 14,828,480.00 1.69
14 002465 883,998 14,082,088.14 1.61
15 002023 734,201 14,023,239.10 1.60
16 600967 1,093,216 13,719,860.80 1.57
17 002595 286,869 13,525,873.35 1.55
2014
INTERNAL - 37
18 600587 180,929 13,488,256.95 1.54
19 002701 662,698 13,366,618.66 1.53
20 000726
1,518,791 13,350,172.89 1.53
21 600887 402,451 13,329,177.12 1.52
22 002521 1,314,919 13,320,129.47 1.52
23 300169 1,490,413 13,130,538.53 1.50
24 600201 414,000 12,883,680.00 1.47
25 300306 444,079 12,616,284.39 1.44
26 300271 310,000 12,493,000.00 1.43
27 601099 1,930,000 12,294,100.00 1.41
28 300168 664,066 12,185,611.10 1.39
29 601166 1,200,000 12,036,000.00 1.38
30 600886 2,303,399 11,747,334.90 1.34
31 600340 461,961 11,627,558.37 1.33
32 600016 1,800,000 11,178,000.00 1.28
33 600517 1,083,600 11,009,376.00 1.26
34 600563 328,450 10,920,962.50 1.25
35 600000 1,200,000 10,860,000.00 1.24
36 600270 897,300 10,839,384.00 1.24
37 600690 728,688 10,755,434.88 1.23
38 600343 857,000 10,361,130.00 1.18
39 300017 159,921 10,202,959.80 1.17
40 002651 597,468 9,911,994.12 1.13
41 002104 490,000 9,604,000.00 1.10
42 000002
1,119,895 9,261,531.65 1.06
43 000521 1,880,000 9,118,000.00 1.04
44 000768 749,996 7,897,457.88 0.90
45 002223 304,923 7,394,382.75 0.85
46 002292 192,822 7,076,567.40 0.81
47 600372 277,154 6,283,081.18 0.72
48 300180 354,929 6,175,764.60 0.71
49 600879 515,413 6,071,565.14 0.69
50 300367 61,969 5,242,577.40 0.60
51 600880 399,230 4,726,883.20 0.54
52 600438 484,893 4,601,634.57 0.53
53 000733 344,446 4,457,131.24 0.51
54 600978 849,961 4,147,809.68 0.47
55 002206
539,901 3,552,548.58 0.41
56 002250 194,710 2,764,882.00 0.32
57 603008 289,304 2,702,099.36 0.31
58 002296 97,118 2,525,068.00 0.29
2014
INTERNAL - 38
59 600081 162,594 2,258,430.66 0.26
60 600063 799,940 1,959,853.00 0.22
61 002550 100,000 1,935,000.00 0.22
62 601231 40,000 1,233,600.00 0.14
63 300385 500 12,830.00 0.00
64 002726 500 8,530.00 0.00
65 002727 500 6,100.00 0.00
2% 20
1 600261
46,298,064.23 2.05
2 600703
31,885,258.30 1.41
3 000729
31,387,052.88 1.39
4 000726
31,116,107.13 1.38
5 600690
30,038,202.58 1.33
6 002285
26,485,179.18 1.17
7 002614
26,227,190.49 1.16
8 300166
25,136,288.83 1.11
9 002595
24,992,718.28 1.11
10 002153
24,206,480.51 1.07
11 600446
24,039,162.31 1.06
12 300274
23,593,553.65 1.04
13 002701
22,573,580.01 1.00
14 300219
21,601,406.24 0.96
15 002223
21,460,010.81 0.95
16 002651
21,164,769.12 0.94
17 600439
21,097,653.55 0.93
18 601965
21,077,633.50 0.93
19 300323
20,954,777.31 0.93
20 300049
20,644,447.59 0.91
2014
INTERNAL - 39
1 600887
193,196,004.50 8.55
2 000651
130,443,781.46 5.77
3 000860
102,638,922.15 4.54
4 002038
101,679,740.01 4.50
5 600637
90,227,210.39 3.99
6 600309
89,005,926.19 3.94
7 002241
83,611,081.46 3.70
8 600292
78,788,178.25 3.49
9 600196
69,275,743.06 3.07
10 300075
47,397,730.70 2.10
11 300074
45,397,408.92 2.01
12 600999
44,137,374.17 1.95
13 601318
39,927,039.37 1.77
14 002557
35,240,964.23 1.56
15 300006
35,015,560.33 1.55
16 600030
31,245,151.82 1.38
17 002400
30,574,108.75 1.35
18 600066
30,122,695.67 1.33
19 300133
28,060,847.48 1.24
20 002292
27,874,509.51 1.23
1,252,388,739.92
2,272,634,559.50
1
- -
2
- -
3
50,225,000.00 5.74
50,225,000.00 5.74
4
- -
5
- -
6
- -
7
- -
2014
INTERNAL - 40
8
- -
9
50,225,000.00 5.74
1 140204 1404 500,000 50,225,000.00 5.74
2014
INTERNAL - 41
1
839,437.34
2
-
3
-
4
1,138,700.91
5
210,237.98
6
-
7
-
8
-
9
2,188,376.23
1 300166
27,435,990.40 3.14 2 300323
24,551,474.12 2.81
2014
INTERNAL - 42
19,690 44,167.58 423,970,974.13 48.75% 445,688,701.85 51.25%
162,898.50 0.0187%
0-10
10-50
1,436,388,715.89
2,088,821,490.76
46,968,282.20
1,266,130,096.98
-
869,659,675.98
2014
INTERNAL - 43
2014
INTERNAL - 44
10.7.1
1 1,643,674,724.5946.71%1,496,397.46 46.71% 1 742,390,793.0521.10%675,873.38 21.10% 1 452,536,773.5612.86%411,988.74 12.86% 1 176,705,776.185.02%160,873.87 5.02% 1 162,766,518.484.63%148,182.94 4.63% 1 136,327,551.843.87%124,112.85 3.87% 1 106,216,214.183.02% 96,699.39 3.02% 1 57,732,271.761.64% 52,559.35 1.64% 1 33,962,443.780.97% 30,919.67 0.97% 1 6,222,052.000.18% 5,664.68 0.18% 1 -- - - 1 -- - - 12 3,518,535,119.42100.00%3,203,272.33 100.00%
1)
a.
b. ,
c. ,
d. ,
e.
2)
2014
INTERNAL - 45
a.
b.
c.
d.
10.7.2
- - - - - -
- -2,385,000,000.00 25.25% - -
- -2,210,000,000.00 23.40% - -
- - - - - -
1,997,550.00 100.00% 1,796,000,000.00 19.01% - -
- - - - - -
- - - - - -
- -1,100,000,000.00 11.65% - -
- -1,735,000,000.00 18.37% - -
- -220,000,000.00 2.33% - -
- - - - - -
- - - - - -
1,997,550.00 100.00% 9,446,000,000.00 100.00% - -
1
2014-01-02
2
2014-01-11
3
2014-01-11
4
2014-01-15
2014
INTERNAL - 46
5 2013 4
2014-01-20
6
2014-02-07
7
2014-02-26
8
2014-03-12
9 2013
2014-03-26
10
2014-04-01
11
2014-04-08
12 2014 1
2014-04-22
13
2014-04-26
14
2014 1
2014-05-12
15
2014-06-17
16
2014-06-27
17
2014-06-27
2014
INTERNAL - 47
