Balano Patrimonial

(R$ milhares)

2010

2011

ATIVO
CIRCULANTE
Caixa e equivalentes de caixa
Ttulos e valores mobilirios
Contas a receber de clientes
Estoques
Partes relacionadas
Impostos a recuperar
Outros crditos
Total do ativo circulante
NO CIRCULANTE
Imposto de renda e contribuio social diferidos
Impostos a recuperar
Depsitos judiciais
Ttulos e valores mobilirios
Partes relacionadas
Investimentos
Outros investimentos
Imobilizado
Intangvel
Total do ativo no circulante
TOTAL DO ATIVO

521,688
18,952
634,538
232,016
44,343
16,133
1,467,670

641,294
360
682,365
281,391
80,891
21,166
1,707,467

72,977
42,005
39,817
5,069
1,280
2
347,448
85,024
593,622

83,328
34,642
36,669
5,690
1,280
465,311
98,212
725,132

2,061,292

2,432,599

207,868
509,802
43,784
141,803
4,731
8,552
11,162
13,623
12,000
29,315
982,640

178,443
297,455
40,982
105,630
4,770
13,723
13,130
31,576
12,000
43,387
741,096

68,047
61,125

687,017
53,350

PASSIVO
CIRCULANTE
Fornecedores
Emprstimos e financiamentos
Salrios, provises e contribuies sociais
Impostos a recolher
Partes relacionadas
Parcelamento de tributos
Aluguis a pagar
Dividendos e juros sobre o capital prprio a pagar
Receita diferida
Outras obrigaes
Total do passivo circulante
NO CIRCULANTE
Emprstimos e financiamentos
Proviso para litgios e demandas judiciais

Parcelamento de tributos
Imposto de renda e contribuio social diferidos
Opo de compra financeira
Receita diferida
Total do passivo no circulante
Working Capital
Capital Investido
NOPAT
ROIC

43,435
83,000
255,607

22,371
71,000
833,738

470,634
601,366
1,014,470
1,297,157
224588.028 227211.115
22.14%
17.52%

2012

1T13

2T13

3T13

285,319
19,944
878,325
367,580
61,398
67,161
1,679,727

111,265
9,587
745,066
506,867
74,199
94,356
1,541,340

147,018
1,182
795,720
418,485
73,219
89,272
1,524,896

188,674
217
734,596
422,059
65,826
81,752
1,493,124

80,590
21,874
50,055
6,879
1,174
494,092
106,300
760,964

97,679
13,207
49,742
7,322
1,171
505,631
109,959
784,711

104,063
13,398
51,532
7,419
1,174
509,808
112,849
800,243

115,161
13,816
44,091
7,431
1,174
553,753
115,832
851,258

2,440,691

2,326,051

2,325,139

2,344,382

247,759
89,671
57,803
105,650
6,381
489
16,231
21,435
12,000
47,526
604,945

194,866
114,439
50,971
38,499
3,240
344
13,144
21,435
12,000
36,789
485,727

159,184
99,366
55,663
62,178
3,244
194
15,359
12,000
36,277
443,465

194,309
101,085
51,695
45,597
2,909
14,439
12,000
39,725
461,759

674,597
54,699

684,316
51,045

687,528
51,795

685,431
45,511

659
59,000
788,955

618
56,000
791,979

579
53,000
792,902

50,000
780,942

811,973
964,431
944,507
862,024
1,564,225
1,740,031
1,735,578
1,704,677
281489.913 26688.4057 58760.4978 31170.2121
18.00%
6.28%
14.25%
7.52%

Demonstrao de Resultados
(R$ milhares)
Receita Lquida
Receita Lquida - Varejo
Receita Lquida - Carto
Receita Lquida - Sax
Custo de Mercadorias e Servios
Custo de Mercadorias - Varejo
Custo de Servios Financeiros - Carto
Custo de Servios Financeiros - Sax
Lucro Bruto
Custo de Mercadorias - Varejo
Custo de Servios Financeiros - Carto
Custo de Servios Financeiros - Sax
Despesas Operacionais
Despesas com vendas - Varejo
Despesas Gerais e Administrativas - Varejo
Despesas Gerais e Administrativas - Carto
Despesas Gerais e Administrativas - Sax
Outras Receitas (Despesas) Operacionais - Varejo
Outras Receitas (Despesas) Operacionais - Carto
Outras Receitas (Despesas) Operacionais - Sax
Depreciao e Amortizao

2010
2,075,682
1,702,762
353,168
19,752
###
(807,546)
(224,962)
(6,983)
1,036,191
895,216
128,206
12,769
(750,238)
(535,322)
(105,439)
(9,854)
(5,669)
7,712
(4,123)
3
(97,546)

Lucro operacional antes de resultado financeiro

285,953

Resultado Financeiro
Despesas Financeiras
Receitas Financeiras

(20,261)
(65,851)
45,590

Lucro antes de imposto de renda e contribuio social

265,692

Imposto de Renda e Contribuio Social - Correntes

Imposto de Renda e Contribuio Social - Diferidos

(52,902)
(4,115)

Lucro Lquido do Perodo

208,675

Lucro Lquido por Ao

Nmero de Aes (em Milhares)

1.13
184,551

EBITDA
Varejo
Cartes

383,500
262,166
114,226

Sax

7,108

2011
2,450,315
1,990,263
412,476
47,576
###
(947,544)
(276,823)
(20,814)
1,205,134
1,042,719
135,653
26,762

2012

1T13

2T13

3T13

2,877,388
2,398,936
396,155
82,297

628,658
483,734
114,568
30,356

744,610
594,526
114,197
35,887

722,526
577,665
101,462
43,399

###
(1,202,931)
(236,318)
(28,484)

###
(247,651)
(68,357)
(11,453)

###
(304,284)
(66,280)
(11,809)

###
(325,914)
(57,802)
(18,683)

1,409,655
1,196,005
159,837
53,813

301,197
236,083
46,211
18,903

362,237
290,242
47,917
24,078

320,127
251,751
43,660
24,716

(917,202)
(689,171)
(115,954)
(16,301)
(8,816)
33,916
(5,478)
(1)
(115,397)

###
(777,297)
(115,477)
(14,129)
(11,569)
16,915
(8,951)
(306)
(143,425)

###
(194,041)
(29,315)
(5,595)
(1,422)
(1,105)
1,502
(4)
(39,042)

###
(208,128)
(26,986)
(5,032)
(2,422)
5,504
(2,448)
(119)
(40,122)

###
(202,464)
(29,213)
(4,475)
(2,194)
3,991
(2,499)
(107)
(41,660)

287,932

355,416

32,175

82,484

41,506

(63,005)
(279,939)
216,934

(65,121)
(122,496)
57,375

(21,631)
(31,307)
9,676

(28,022)
(31,635)
3,613

(25,194)
(36,324)
11,130

224,927

290,295

10,544

54,462

16,312

(18,888)
17,090

(22,048)
6,384

(15,159)
11,097

8,746

38,798

12,250

0.21
185,533

0.07
185,533

122,606
60,632
40,437

83,166
24,065
36,686

(57,796)
10,362

(57,647)
(2,734)

177,493

229,914

0.96
184,551

1.24
185,449

403,329
271,510
113,874

498,841
320,146
136,757

0.05
###
71,217
11,622
42,118

17,945

41,938

17,477

21,537

22,415

Demonstrao de Resultados - Carto Marisa

(R$ milhes)

1T09

2T09

Tarifas e Seguros
Receita de Intermediao Financeira
Recuperao das Perdas do Carto Marisa (a)
Outros
Acordo de Exclusividade - Co-Branded
Receita de Comisso - Co-Branded
Resultado da Operao - Co-Branded
Total da Receita Lquida

19.6
50.7
1.0
(2.7)
3.0
2.0
(3.7)
69.9

18.8
51.4
2.2
(2.3)
3.0
3.8
(1.7)
75.2

Custo de Funding
Custo de Servios
Perdas em Operaes de Crdito (b)
Outros
Despesas Gerais e Administrativas
Outras Receitas (Despesas) Operacionais (c)
Total dos Custos e Despesas

(2.6)
(14.5)
(37.9)
(55.0)

(2.0)
(15.8)
(41.5)
(0.8)
(60.1)

Resultado Operacional (EBITDA)

14.9

15.1

Resultado Lquido da Inadimplncia

(R$ milhes)

1T09

2T09

Recuperao das Perdas do Carto Marisa (a)

Perdas em Operaes de Crdito (b)
Outros Ajustes de Provises (c)

1.0
(37.9)
-

2.2
(41.5)
-

(36.9)

(39.3)

Resultado Lquido da Inadimplncia

1 - Em 2009: Recuperao do Pro-Labore + Outros.

2 - Lquido da Proviso para o Co-Branded em 1T09 (R$ 3,7 mm), 2T09 (R$ 1,7 mm), 3T09 (R$
3 - Em 3T09, 4T09, 2009 e 1T10: Lquido da recuperao de crditos vencidos.

3T09

4T09

2009

1T10

2T10

3T10

4T10

18.7
46.2
10.5
3.0
3.1
(0.4)
81.1

23.0
41.9
(1.8)
3.0
2.6
1.1
69.8

80.1
190.2
3.7
12.0
11.5
(4.6)
292.9

21.7
47.4
(1.9)
3.0
1.3
2.5
74.0

22.7
50.0
6.2
(0.8)
3.0
0.9
2.7
84.8

23.1
49.1
7.4
0.7
3.0
2.2
3.7
89.2

24.7
50.8
14.3
(0.5)
3.0
2.2
4.6
99.3

(2.0)
(16.5)
(26.0)
(0.3)
(1.2)
(46.0)

(2.5)
(23.3)
(17.8)
(0.6)
(2.7)
(46.9)

(9.2)
(70.1)
(138.1)
(1.8)
(7.4)
(226.6)

(1.7)
(15.1)
(18.4)
(0.3)
(1.7)
(37.2)

(2.4)
(20.9)
(23.9)
(0.6)
(1.5)
(22.6)
(71.9)

(3.2)
(19.1)
(46.5)
(1.5)
(2.1)
13.6
(58.8)

(3.4)
(26.4)
(32.5)
(1.1)
(4.5)
3.0
(65.0)

35.1

22.9

66.3

36.8

12.9

30.3

34.3

3T09

4T09

2009

1T10

2T10

3T10

4T10

(26.0)
-

(17.8)
-

(138.1)
-

(18.4)
-

6.2
(23.9)
(22.6)

7.4
(46.5)
13.6

14.3
(32.5)
2.6

(26.0)

(17.8)

(138.1)

(18.4)

(40.3)

(25.6)

(15.6)

1,7 mm), 3T09 (R$ 0,9 mm), 2009 (R$ 5,9 mm) e 2T10 (R$ 756 mil). Em 4T09, temos: Valor da Operao +

2010

1T11

2T11

3T11

91.6
197.4
33.1
(2.5)
12.0
6.6
14.8
353.1

23.2
67.9
5.9
(0.4)
3.0
2.6
8.5
110.7

23.1
62.8
12.0
(0.8)
3.0
1.9
7.7
109.6

18.9
59.5
4.0
(0.5)
3.0
1.8
4.6
91.2

(10.6)
(81.5)
(128.5)
(4.4)
(9.9)
(4.1)
(238.9)

(1.1)
(23.1)
(30.7)
(0.6)
(4.3)
(5.0)
(64.7)

(1.1)
(27.6)
(54.2)
(1.8)
(4.4)
(3.6)
(92.7)

114.2

46.0

2010

4T11

2011

1T12

19.7
59.4
5.8
0.9
3.0
1.4
10.4
100.6

84.8
249.6
27.7
(0.5)
12.0
7.6
31.1
412.5

19.8
62.1
4.1
(6.0)
3.0
1.7
8.5
93.2

(1.3)
(18.5)
(41.3)
(0.7)
(4.2)
4.0
(62.0)

(2.4)
(21.2)
(44.9)
(4.4)
(3.4)
(2.4)
(78.8)

(10.1)
(82.4)
(176.5)
(8.0)
(16.3)
(5.4)
(298.6)

(1.1)
(15.2)
(33.7)
0.3
(3.3)
(4.5)
(57.4)

16.9

29.2

21.8

113.9

35.8

1T11

2T11

3T11

4T11

2011

1T12

33.1
(128.5)
(2.3)

5.9
(30.7)
(6.2)

12.0
(54.2)
-

4.0
(41.3)
-

5.8
(44.9)
-

27.7
(176.5)
-

4.1
(33.7)
-

(97.7)

(31.0)

(42.2)

(37.3)

(39.1)

(148.8)

(29.6)

Valor da Operao + Proviso para o Co-Branded. A Proviso foi de R$ 0,3 milho.

2T12

3T12

4T12

2012

1T13

2T13

3T13

21.8
60.4
9.2
(7.5)
3.0
1.4
10.1
98.4

23.3
64.6
4.3
(9.9)
3.0
1.2
7.7
94.2

24.9
67.9
10.6
(10.1)
3.0
2.8
11.3
110.3

89.8
255.0
28.2
(33.4)
12.0
7.0
37.6
396.2

29.9
71.2
3.9
(7.8)
3.0
1.7
12.7
114.6

30.2
68.9
6.5
(10.0)
3.0
1.3
14.2
114.2

28.5
67.2
5.2
(11.0)
3.0
1.7
6.9
101.5

(0.8)
(14.8)
(48.6)
0.2
(3.0)
(1.8)
(68.9)

(0.8)
(19.2)
(39.7)
(0.5)
(3.3)
(3.5)
(67.0)

(0.8)
(17.4)
(42.7)
(1.5)
(4.5)
0.8
(66.1)

(3.6)
(66.6)
(164.7)
(1.5)
(14.1)
(9.3)
(259.7)

(1.0)
(18.4)
(43.0)
(6.0)
(5.6)
1.5
(72.5)

(0.6)
(15.5)
(54.4)
4.3
(5.0)
(2.5)
(73.8)

(1.0)
(15.7)
(40.2)
(0.9)
(4.5)
(2.4)
(64.8)

29.5

27.2

44.3

136.4

42.1

40.4

36.7

2T12

3T12

4T12

2012

1T13

2T13

3T13

9.2
(48.6)
-

4.3
(39.7)
-

10.6
(42.7)
-

28.2
(164.7)
-

3.9
(43.0)
-

6.5
(54.4)
-

5.2
(40.2)
-

(39.4)

(35.5)

(32.1)

(136.5)

(39.2)

(47.9)

(35.1)

Resultado Operacional SAX

(R$ milhes)

1T09

2T09

3T09

Receita Lquida de Servios Financeiros

Provises e Perdas, Lquidas
Custos dos servios prestados
Custos de captao
Despesas Gerais e Administrativas
Outras Receitas (Despesas) Operacionais

1.8
(1.0)
(0.7)
-

2.2
(1.0)
(0.7)
-

1.6
(0.4)
(0.7)
-

Resultado Operacional (EBITDA)

0.1

0.5

0.5

1 - Em 1T09, 2T09, 3T09, 4T09, 2009, 1T10, 2T10, 3T10 e 3T11, h outros custos como Provis

4T09

2009

1T10

2T10

3T10

4T10

2010

1T11

2T11

3T11

4T11

1.9
(0.3)
(1.4)
-

7.6
(2.8)
(3.5)

3.0
(1.0)
(1.1)
-

4.1
(1.5)
(1.4)
-

5.7
(2.1)
(1.5)
-

7.0
(2.2)
(0.2)
(1.9)
(0.0)

19.8
(6.5)
(0.5)
(5.7)
0.0

9.0
(2.1)
(0.3)
(1.8)
(0.9)

11.9
(4.6)
(0.6)
(2.2)
0.1

13.1
(5.4)
(0.6)
(2.0)
(0.0)

13.5
(5.5)
(0.6)
(2.8)
(0.0)

0.2

1.4

0.8

1.2

2.1

2.7

7.1

3.8

4.5

5.0

4.6

ustos como Proviso e Perdas.

2011

1T12

2T12

3T12

4T12

2012

1T13

2T13

3T13

46.9
(18.0)
(2.1)
(8.8)
(0.0)

15.6
(5.4)
(0.5)
(2.5)
(0.0)

18.4
(5.9)
(0.7)
(2.5)
(0.0)

23.6
(7.5)
(0.6)
(2.8)
(0.2)

24.2
(7.0)
(0.4)
(3.7)
(0.1)

79.9
(23.8)
(2.3)
(11.6)
(0.3)

30.4
(8.6)
(2.4)
(0.5)
(1.4)
(0.0)

36.8
(10.1)
(1.9)
(0.7)
(2.4)
(0.1)

43.4
(15.6)
(2.2)
(0.8)
(2.2)
(0.1)

17.9

7.1

9.2

12.6

12.9

41.9

17.5

21.5

22.4

Destaques Operacionais
Receita por m2 - Varejo (R$ milhares)
SSS (%)
rea de Vendas (m)
rea de Vendas Mdia (m)
Nmero de lojas
rea mdia de Vendas por loja (m)
Nmero de Cartes Ativos
Private Label
Co-Branded
Meios de Pagamento (%)
Private Label (%)
Co-Branded (%)
Crdito (%)
Dbito (%)
Dinheiro (%)
Volume e Preo
Ticket Mdio Private Label (R$)
Ticket Mdio Co-Branded (R$)
Ticket Mdio Marisa (R$)
Preo Mdio Marisa (R$)
Nmero de Peas

1T09

2T09

3T09

1,025
-3.8
235.0
235.3
216
1,089

1,478
-0.7
240.9
238.0
221
1,077

1,358
-0.3
242.2
241.6
222
1,088

2,526,429
2,262,005
264,424
100.0
50.1
0.4
17.9
12.0
19.5

81.54
85.18
55.53
18.95
17,307

2,413,968
1,998,417
415,551
100.0
51.3
2.5
19.0
10.9
16.2

99.52
98.25
71.07
24.09
19,772

2,686,286
2,101,764
584,522
100.0
50.2
3.6
17.9
10.8
17.5

90.82
90.24
64.62
20.22
22,090

4T09

2009

1T10

2T10

3T10

4T10

2,087
13.3
250.0
246.1
227
1,084

5,829
3.4
250.0
246.1
227
1,084

1,185
19.2
249.3
249.7
225
1,110

1,647
15.1
257.1
253.2
233
1,087

1,494
13.7
263.3
260.2
240
1,084

2,151
8.8
295.5
279.4
277
1,009

2,965,493
2,335,730
629,763
100.0
53.1
3.5
15.2
10.7
17.6

107.25
97.49
72.12
21.46
32,653

2,965,493
2,335,730
629,763
100.0
51.5
2.8
17.2
11.0
17.6

96.54
95.01
67.36
21.25
91,822

2,606,861
2,252,359
354,502
100.0
48.1
3.5
17.7
12.1
18.6

89.00
83.35
62.24
20.13
19,973

2,473,702
2,064,710
408,992
100.0
49.5
3.8
18.9
11.4
16.3

102.15
97.19
72.02
23.41
24,248

2,660,998
2,183,904
477,094
100.0
47.2
4.0
19.1
11.8
17.9

95.03
91.21
66.48
21.13
24,940

2,914,470
2,374,961
539,509
100.0
45.6
4.2
18.8
12.5
18.9

108.81
106.51
74.58
23.59
34,863

2010

1T11

2T11

3T11

4T11

2011

6,094
13.2
295.5
279.4
277
1,009

1,258
12.7
299.6
297.6
281
1,059

1,680
10.8
309.0
304.3
290
1,049

1,449
6.9
317.0
313.0
302
1,036

1,963
2.3
346.4
331.7
336
987

6,000
7.3
346.4
331.7
336
987

2,914,470
2,374,961
539,509
100.0
47.3
3.9
18.7
12.0
18.0

99.92
96.40
69.96
22.29
104,025

2,857,688
2,323,209
534,479
100.0
41.8
4.1
21.4
13.8
18.9

93.27
91.52
67.34
22.71
22,322

2,698,879
2,121,311
577,568
100.0
44.5
4.4
22.2
12.5
16.5

110.84
104.74
79.66
27.44
25,148

2,647,685
2,051,281
596,404
100.0
42.5
4.6
21.8
13.5
17.7

102.22
100.62
71.75
23.77
25,877

2,796,375
2,179,349
617,026
100.0
41.2
4.1
20.1
14.1
20.4

111.14
100.78
77.17
25.28
35,582

2,796,375
2,179,349
617,026
100.0
42.5
4.3
21.2
13.5
18.5

105.27
101.21
74.74
24.90
108,928

1T12

2T12

3T12

4T12

2012

1T13

1,172
2.0
346.4
346.4
336
1,031

1,662
4.5
353.4
349.9
341
1,026

1,730
17.2
355.3
354.3
343
1,033

2,175
14.1
379.2
367.2
368
998

6,736
10.1
379.2
356.1
368
968

1,270
12.8
382.1
380.9
371
1,027

2,919,811
2,273,651
646,160
99.5
40.6
3.5
21.9
14.7
18.9

96.64
101.75
70.94
24.29
22,602

2,865,858
2,211,157
654,701
100.0
45.0
4.0
21.1
12.2
17.6

116.42
113.97
86.27
29.52
26,359

3,060,268
2,391,159
669,109
100.0
43.6
4.0
22.0
13.2
17.2

110.93
109.08
80.29
26.27
29,935

3,292,694
2,562,123
730,571
100.0
42.1
3.9
20.8
14.2
18.9

120.19
121.64
85.44
28.19
38,671

3,292,694
2,562,123
730,571
100.0
42.9
4.0
21.3
13.6
18.2

113.14
112.75
81.89
27.23
117,568

3,328,872
2,590,685
738,187
100.0
40.4
3.9
22.0
14.2
19.6

105.80
112.75
77.44
26.82
24,097

2T13

3T13

1,542
0.6
389.3
385.7
380
1,015

1,472
-7.5
395.7
392.5
389
1,009

3,051,031
2,295,059
755,972
100.0
42.8
3.9
23.0
13.5
16.8

117.69
116.08
87.28
30.71
28,384

3,231,508
2,428,690
802,818
100.0
41.8
4.2
22.3
14.3
17.4

110.53
107.84
80.28
27.47
28,911

Fluxo de Caixa
(R$ milhares)

2009

Caixa Lquido Atividades Operacionais

Caixa Gerado nas Operaes
Lucro Lquido do Exerccio
Depreciao e Amortizao
Custo Residual do Ativo Imobilizado Baixado
Plano de Opo de Compra de Aes
(Ganho) Perda com Investimento, lquido
Aumento de capital por opo de compra exercida
Participao no controladores
Encargos Financeiros e Variao Cambial sobre financiamentos,
emprstimos e obrigaes fiscais
Imposto de Renda e Contribuio Social Diferidos
Receita Diferida
Proviso para Riscos
Variaes nos Ativos e Passivos
Contas a receber de clientes
Estoques
Ttulos e Valores Mobilirios
Tributos a Compensar
Partes Relacionadas
Depsitos Judiciais
Outros Crditos
Fornecedores
Tributos a Recolher
Salrios, Provises e Encargos Sociais
Partes Relacionadas
Parcelamento de Tributos
Aluguis a pagar
Outras Obrigaes
Outros
Juros Pagos
Imposto de Renda e Contribuio Social Pagos

205,328
236,714
141,251
88,148
1,742
630
-

Caixa Lquido Atividades de Investimento

Aquisio de Imobilizado
Aquisio de Ativo Inatngvel
Dividendos recebidos
Participao no controladores
Aumento de capital por opo de compra exercida

(70,918)
(58,475)
(12,413)
(30)

Caixa Lquido Atividades de Financiamento

Captao de financiamentos - terceiros
Emisso de Debnture
Aumento de capital

13,336
8,222
(12,000)
(4,615)
24,526
13,315
(15,242)
(19,500)
(22,784)
(6)
(1,273)
(4,592)
36,013
18,624
4,393
550
289
14,739
(55,912)
(25,776)
(30,136)

###
63,580
(13,259)

Pagamento de dividendos e juros sobre o capital prprio

Pagamento de obrigao por arrendamento
Juros pagos
Amortizao de financiamentos
Aumento (Reduo) de Caixa e Equivalentes
Saldo Inicial de Caixa e Equivalentes
Saldo Final de Caixa e Equivalentes

(6,623)
###

(23,701)
357,661
333,960

1T10

2T10

(35,300)
52,970
25,471
25,576
68
5,007

6M10

68,910
76,322
53,996
26,088
495
6
4,888

3T10

9M10

4T10

2010

33,610
129,292
79,467
51,664
563
6
-

96,103
88,444
41,618
24,909
281
4
-

129,713
217,736
121,085
76,573
844
10
-

96,422
115,369
87,590
26,782
315
3
-

226,135
333,105
208,675
103,355
1,159
13
-

9,895

4,431

14,326

9,915

24,241

(1,642)
(3,000)
1,490
(78,299)
84,594
(72,133)
(451)
(10,929)
(4,456)
(4,967)
(9,221)
(44,017)
(2,945)
(2,566)
(894)
(10,314)
(9,971)
(4,535)
(5,436)

4,486
(3,000)
(10,637)
(8,817)
(39,709)
28,790
1,363
(37,371)
9,533
(6,350)
(16,362)
56,622
4,190
252
(918)
(8,857)
1,405
(4,031)
5,436

2,844
(6,000)
(9,147)
(87,116)
44,885
(43,343)
912
(48,300)
5,077
(11,317)
(25,583)
12,605
1,245
(2,314)
(1,812)
(19,171)
(8,566)
(8,566)
-

6,663
(3,000)
13,538
534
45,863
(44,281)
(1,705)
(8,996)
2
(12,662)
(2,495)
48,491
(29,998)
3,720
(121)
(1,006)
(4,128)
7,850
7,125
(3,779)
10,904

9,507
(9,000)
4,391
(86,582)
90,748
(87,624)
(793)
(57,296)
2
(7,585)
(13,812)
22,908
(17,393)
4,965
(2,435)
(2,818)
(4,128)
(11,321)
(1,441)
(12,345)
10,904

(5,392)
(2,948)
(896)
18,078
(174,199)
3,057
(941)
427
650
(1,132)
13,168
23,066
133,926
6,874
2,567
(132)
6,069
4,678
(37,025)
(1,066)
(35,959)

4,115
(11,948)
3,495
(68,504)
(83,451)
(84,567)
(1,734)
(56,869)
652
(8,717)
(644)
45,974
116,533
11,839
132
(2,950)
1,941
(6,643)
(38,466)
(13,411)
(25,055)

(22,965)
(16,940)
(6,025)
-

(45,177)
(37,376)
(7,801)
-

(68,142)
(54,316)
(13,826)
-

(76,765)
(51,851)
(24,893)
(21)

###
###
(38,719)
(21)

(99,102)
(89,263)
(9,856)
17

###
###
(48,575)
(4)

(35,836)
2,651
464
(15,120)

(59,167)
8,565
(43,526)

(95,003)
11,216
464
(58,646)

63,468
119,341
(31,070)

(31,535)
130,557
464
(89,716)

237,137
286,890
(21,124)

205,602
417,447
464
###

(1,271)
(22,560)

(1,191)
(23,015)

(2,462)
(45,575)

(1,031)
(23,772)

(3,493)
(69,347)

(898)
(27,731)

(4,391)
(97,078)

(94,101)
333,960
239,859

(35,434)
333,960
298,526

###
333,960
204,425

82,806
333,960
416,766

(46,729)
333,960
287,231

234,457
333,960
568,417

187,728
333,960
521,688

1T11
(68,172)
74,842
36,026
30,112
305
1
18,327

2T11
46,423
87,328
71,170
29,359
949
(1)
9,256

6M11
(21,749)
162,170
107,196
59,471
1,254
27,583

3T11
82,880
113,232
34,024
30,549
(70)
2
39,738

9M11

4T11

2011

61,131
275,402
141,220
90,020
1,184
2
-

41,177
81,016
36,273
32,551
233
1,156
-

102,308
356,418
177,493
122,571
1,417
1,156
2
-

67,321

16,584

83,905

(6,818)
(2,924)
(187)
###
95,155
(84,498)
(540)
3,024
(1,789)
(13,307)
(11,289)
(90,765)
(9,129)
(2,585)
(290)
(9,238)
(17,763)
(17,763)

(15,662)
(3,076)
(4,667)
(42,012)
(64,189)
(555)
141
(22,984)
(3)
3,833
204
(27,909)
56,394
7,820
(372)
(7,343)
(979)
13,930
1,107
1,107

(22,480)
(6,000)
(4,854)
###
30,966
(85,053)
(399)
(19,960)
(3)
2,044
(13,103)
(39,198)
(34,371)
(1,309)
(2,957)
(7,633)
(979)
4,692
(16,656)
(16,656)

10,384
(3,000)
1,605
(13,958)
65,147
(34,056)
18,419
(37,345)
(96)
(3,009)
(1,750)
2,298
(22,941)
5,377
489
(4,575)
(1,571)
(345)
(16,394)
(16,394)

(12,096)
(9,000)
(3,249)
###
96,113
(119,109)
18,020
(57,305)
(99)
(965)
(14,853)
(36,900)
(57,312)
4,068
(2,468)
(12,208)
(2,550)
4,347
(33,050)
(33,050)

1,745
(3,000)
(4,526)
80,693
(143,940)
69,734
(49)
28,120
99
4,113
9,820
7,475
99,134
(6,870)
2,507
(3,685)
4,518
9,717
###
(75,587)
(44,945)

(10,351)
(12,000)
(7,775)
###
(47,827)
(49,375)
17,971
(29,185)
3,148
(5,033)
(29,425)
41,822
(2,802)
39
(15,893)
1,968
14,064
###
(75,587)
(77,995)

(42,916)
(36,015)
(6,893)
(8)

(52,654)
(43,294)
(9,360)
-

(95,570)
(79,309)
(16,253)
(8)

(77,387)
(66,786)
(10,601)
-

###
###
(26,854)
(8)

(82,082)
(75,091)
(6,999)
8

###
###
(33,853)
-

236,874
381,733
(589)

165,123
12,576
300,000
(25,379)

401,997
394,309
300,000
(25,968)

###
316,514
###
(99,998)

###
710,823
###

401,131
###
650,320
(2)

272,337
421,981
650,320
###

(1,019)
(16,808)
###

(937)
(16,975)
###

(1,956)
(33,783)
###

(749)
(21,913)
###

(2,705)
(55,696)
###

(494)
55,696
(15,547)

125,786
521,688
647,474

158,892
521,688
680,580

284,678
521,688
806,366

###
521,688
(3,610)

###
521,688
281,068

360,226
521,688
881,914

(3,199)
###

119,606
521,688
641,294

1T12
###
39,748
386
35,615
437
771
19,204

2T12
80,516
111,637
47,594
35,280
3,658
453
18,678

6M12
(30,737)
151,385
47,980
70,895
4,095
1,224
37,882

3T12
32,248
119,287
66,332
35,654
(417)
565
18,865

9M12

2012

1,511
270,672
114,312
106,549
3,678
1,789
-

150,599
420,473
229,914
143,425
3,604
2,351
9,053
7,742

56,747

32,301

1T13
###
38,877
8,746
39,042
110
550
14,173

(13,109)
(3,000)
(556)
###
113,640
(105,081)
(375)
(15,208)
(8,182)
(15,970)
18,593
(70,640)
(1,202)
(2,489)
(35,241)
(2,627)
(13,133)
(13,086)
(13,086)

7,180
(3,000)
1,794
(36,626)
(111,271)
21,675
(916)
16,806
(1,680)
(1,510)
8,530
18,857
5,764
19
652
1,671
4,777
5,505
5,505

(5,929)
(6,000)
1,238
###
2,369
(83,406)
(1,291)
1,598
(9,862)
(17,480)
27,123
(51,783)
4,562
(2,470)
(34,589)
(956)
(8,356)
(7,581)
(7,581)

107
(3,000)
1,181
(78,568)
(13,413)
(66,739)
327
(14,876)
(2,018)
(21,439)
36,599
(9,108)
4,890
810
(175)
(587)
7,161
(8,471)
(8,471)

(5,822)
(9,000)
2,419
###
(11,044)
(150,145)
(964)
(13,278)
(11,880)
(38,919)
63,722
(60,891)
9,452
(1,660)
(34,764)
(1,543)
(1,195)
(16,052)
(16,052)

2,734
(12,000)
1,349
###
(195,960)
(86,189)
(20,773)
32,261
106
(13,386)
(45,995)
69,316
27,522
16,821
1,611
(34,946)
3,101
4,139
(27,502)
(27,502)

(17,090)
(3,000)
(3,654)
###
133,259
(139,287)
(8,832)
(4,134)
3
313
(8,453)
(52,893)
(42,950)
(6,832)
(3,141)
(186)
(3,087)
(10,737)
(24,201)
(24,201)

(35,446)
(27,042)
(8,404)
-

(25,657)
(18,683)
(6,974)
-

(56,101)
(45,725)
(15,378)
5,002

(43,798)
(37,643)
(6,976)
821

(99,899)
(83,368)
(22,354)
5,823

###
###
(32,802)
-

(54,350)
(43,790)
(10,560)
-

###
31,962
7,132
-

(82,687)
4,800
(31,576)

###
36,762
(31,576)

(7,634)
4,817
-

###
41,579
(31,576)

###
52,995
(70,175)

12,577
50,652
-

(549)
(8,429)
###

(521)
(35,272)
(22,039)
1,921

(1,070)
(43,701)
###
9,053

(2,005)
(806)
(9,640)
-

(3,075)
(44,507)
###
9,053

(3,967)
(46,087)
###

(1,179)
(4,252)
(32,644)

###
641,294
309,719

(27,828)
309,719
286,893

###
641,294
286,893

(19,184)
286,893
267,709

###
641,294
267,709

###
641,294
285,319

###
285,319
111,265

2T13

6M13

3T13

9M13

134,360
90,037
38,798
40,122
413
295
-

2,079
128,914
47,544
79,164
523
845
-

156,981
60,546
12,250
41,660
59
659
-

159,060
189,460
59,794
120,824
582
1,504
-

19,043

33,216

26,299

59,515

(6,384)
(3,000)
750
56,913
(50,654)
88,382
8,308
789
(3)
(1,790)
5,084
(35,682)
36,269
4,692
4
(189)
2,215
(512)
(12,590)
(12,590)

(23,474)
(6,000)
(2,904)
(90,044)
82,605
(50,905)
(524)
(3,345)
(1,477)
(3,369)
(88,575)
(6,681)
(2,140)
(3,137)
(375)
(872)
(11,249)
(36,791)
(36,791)

(11,097)
(3,000)
(6,284)
111,028
61,124
(3,574)
953
6,975
7,441
7,520
35,125
(1,988)
(3,968)
(335)
(773)
(920)
3,448
(14,593)
(14,593)

(34,571)
(9,000)
(9,188)
20,984
143,729
(54,479)
429
3,630
5,964
4,151
(53,450)
(8,669)
(6,108)
(3,472)
(1,148)
(1,792)
(7,801)
(51,384)
(51,384)

(47,601)
(37,653)
(9,948)
-

###
(81,443)
(20,508)
-

(88,647)
(76,808)
(11,839)
-

###
###
(32,347)
-

(51,006)
8,290
(21,435)

(38,429)
58,942
(21,435)

(26,678)
(7,620)
-

(65,107)
51,322
(21,435)

(1,485)
(25,444)
(12,266)
1,334

(2,664)
(29,696)
(44,910)
1,334

(4,525)
(572)
(13,961)
-

(7,189)
(30,268)
(58,871)
1,334

35,752
111,265
147,018

###
285,319
147,018

41,656
147,018
188,674

(96,645)
285,319
188,674