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2 / XV edio / edition

The sixteenth edition / A dcima sexta edio / 1

2 / A dcima sexta edio / The sixteenth edition

The sixteenth edition / A dcima sexta edio / 3

ndice / Table of contents


Prefcio .................................................................................................................................................... 06
Preface
KPMG Moambique, 25 Anos Agregando Valor e Excelncia ....................................................... 08
KPMG Mozambique, 25 Years of Delivering Value and Excellence
Glossrio e Lista de Abreviaturas ................................................................................................. 12
Glossary and Listo f Abbreviations
Introduo .................................................................................................................................... 14
Introduction
As Melhores empresas de Moambique ............................................................................. 20
The best companies of Mozambique
Anlise Macroeconmica (Internacional e Nacional) ..................................................... 28
Macroeconomic Analysis (International and National)
Propriedade Ownnership:
KPMG
Patrono Patron: Sua Excelncia
Joaquim Alberto Chissano.
Ranking das 100 Maiores Empresas, Medias e Pequenas Empresas de
Scios da KPMG KPMG
Moambique em Meticais ........................................................................................ 60
Partners: Filipe Mandlate;
Ranking for the Top 100 Companies, Medium and Small Companies in Mozambique
Quintino Coto; Miguel Alvim;
in Meticais
Abel Guaiaguaia; Andr Olivena;
Miesh Al-Gasant; Hendrik van
Ranking das 100 Maiores Empresas de Moambique em Dolares US ............ 68
Heerden eYussuf Mohamed. Equipa
The Top 100 Companies in Mozambique in US Dollars
de Gesto Management Team: Binit
Anlise Sectorial ............................................................................................... 74
Varajids e Praise Karuma. Direco
Sector Analysis
do Projecto Project Partner: Filipe
Mandlate. Coordenao Logstica,
Perfil dos Scio da KPMG em Moambique .......................................... 126
Imagem e Evento Logistic, Image and
Partners profiles, KPMG in Mozambique
Event Coordinator: Praise Karuma, Malisa
Chutumia e DDB Moambique. Anlise
dos Dados Data Analysis: Baptista Lalane.
Recolha de Dados da Pesquisa Data Collection:
Drcio Maumana;Wendy Massavanhane
e Judy Jamine. Colaboradores da Pesquisa
Survey Collaborators: Angelina Vaz; Asslam
Osman; CelsoTamele; Christelle Mupenda;
Drcio Maumana; Hlio Macie; Iolanda Cal; Judy
Jamine; Juliana Penicela; Mrcia Zunguze; Naira
Golam; Nelson Melo; Philip Mazengera; Sonali
Himatlal;Tendai Mukombiwa;Walter Mandlate;
Wendy Massavanhane. Editor Publisher: KPMG
Moambique. Coordenao Comercial Commercial
Coordination: DDB Moambique.Tradutora Externa
External Translator: Catharine Muhate.Tradutor Oficial
da KPMG KPMG Sworn Translator: Jos Simes. Projecto
Grfico, Direco Grfica e de Arte Grafic Projec and
Layout: Praise Karuma e DDB Moambique. N de Registo /
Registration Number: 020/Gabinfo-DE/03

Anlise Agregada ............................................................................................................ 44


Aggregate Analysis

4 / A dcima sexta edio / The sixteenth edition

The sixteenth edition / A dcima sexta edio / 5

Prefcio Preface

Uma conquista
ano aps ano com
sucesso!
Conquering success,
year after year!
Filipe Mandlate
Director Geral | Country Managing Partner

Carssimos leitores,

Dear readers,

Por ocasio do lanamento da XVI Edio da Pesquisa


sobre as 100 Maiores Empresas de Moambique, a KPMG
sada o pblico leitor desta revista com elevada estima.

On the occasion of the launch of the Top 100 Companies XVI Edition in Mozambique, KPMG welcomes, with great
regard, the readers of this report.

A presente Edio analisa o comportamento das principais


empresas que operam no Mercado Moambicano em
2013, ano que foi envolvido por muita expectativa na rea
empresarial nacional e, que teve como principal destaque
as Eleies Gerais.

This edition analyses the behaviour of the main companies


operating in the Mozambican market in 2013, a year in
which much anticipation surrounded the business world
and the nation with the main focus the General Elections.

Nesta pesquisa esto reflectidos os esforos dos


principais operadores econmicos dirigidos por gestores
que acreditam no crescimento do Pas, motivados pelo
aproveitamento das oportunidades que lhes so oferecidas
pelo ambiente de negcios e o desejo de atingir as suas
metas com sucesso.
A nossa pesquisa no se limita apenas em promover um
ambiente transparente de desenvolvimento de negcios,
ela promove igualmente a imagem das principais
empresas que operam no nosso pas, atravs das anlises
comparativas que nela so feitas.
A KPMG em Moambique orgulha-se por fornecer ao
pblico esta importante ferramenta de anlise da situao
financeira das empresas e aproveita a oportunidade
para reiterar o seu compromisso de transformar o
conhecimento em valor em benefcio da sociedade.
Felicitmos aos gestores das empresas participantes nesta
pesquisa pelo seu entusiasmo e confiana no futuro.
A KPMG expressa agradecimentos a todos que directa ou
indirectamente contriburam para que esta pesquisa seja
realizada.
O sucesso desta pesquisa uma homenagem aos
colaboradores da KPMG, empresas participantes, os
patrocinadores, parceiros do projecto, a DDB, Lda pela
sua colaborao comercial, gesto grfica bem como
pela coordenao do evento, na verdade o seu apoio
e dedicao so claramente observados e merecem
apreciao.
6 / A dcima sexta edio / The sixteenth edition

This study reflects the efforts of the main economic


operators, led by managers who believe in the growth of
the country and motivated by the opportunities offered
to them by the business environment and the desire to
successfully achieve their goals.
Our research is not limited to promoting a transparent
business development environment, it also promotes
the image of the main companies operating in our
country through the comparative analyses that have been
performed in it.
KPMG in Mozambique prides itself on providing the public
with this important tool for the analysis of the financial
situation of companies and takes this opportunity to
reiterate its commitment to transform knowledge into
value for the benefit of society. We congratulate the
managers of the companies participating in this survey for
their enthusiasm and confidence in the future.
KPMG expresses thanks to all those who directly or
indirectly contributed to the completion of the research.
The success of this survey is a tribute to KPMG
employees, participating companies, sponsors, project
partners and DDB Ltd for their business collaboration,
graphics management and the coordination of the event,
indeed their support and dedication are clearly evident and
deserves appreciation.

The sixteenth edition / A dcima sexta edio / 7

A KPMG auditou e continua a auditar as principais empresas


lderes do Pas, auditando as principais empresas cotadas
na Bolsa de Valores de Moambique.Temos credibilidade
e prestgio no mercado e como resultado disso, temos
vindo a ganhar prmios anualmente como a melhor
firma de contabilidade e auditoria (PMR). Vencer estes
prmios no tarefa fcil e estamos muito orgulhosos das
nossas conquistas e de nossa equipa que tem trabalhado
incansavelmente para vencer estes prestigiados prmios.
Temos imenso orgulho em ser a primeira firma das
tradicionais Big 4 que oferece e continua a oferecer uma
vasta gama completa de servios de consultoria. A nossa
linha de servios de consultoria compreende quatro reas
distintas, nomeadamente,Transaces e Reestruturaes,
Consultoria de Gesto, Consultoria de Risco e Servios
de Consultoria em Desenvolvimento Internacional, sendo
a nossa principal vantagem no mercado o conjunto de
conhecimentos relevantes que possumos a nvel interno.
Podemos afirmar definitivamente que transformamos
e continuamos a transformar-nos para manter a
liderana no sector de consultoria, oferecendo solues
multidimensionais aos nossos clientes

KPMG Moambique, 25
Anos Acrescentando
Valor e Excelncia
KPMG Mozambique, 25
Years Delivering Value
and Excellence

O ano de 2015 um marco significativo para KPMG em Moambique, que celebra o seu 25
aniversrio. Por isso, sem dvida, a KPMG a maior e mais antiga firma de contabilidade e
auditoria das tradicionais Big 4 e com muito orgulhoso este sucesso foi alcanado conjuntamente
com os nossos intervenientes ao longo dos ltimos 25 anos, mas continuando igualmente a
trabalhar arduamente para alcanar e contribuir ainda mais para o futuro de Moambique.
The year 2015 marks a significant milestone for KPMG in Mozambique, being the firms 25th anniversary.
Hence, without doubt, KPMG is the largest and longest established of the traditional Big 4 accounting
firms and tremendously proud of what we have with our stakeholders achieved over the past 25 years but,
also continuing to work hard to achieve and contribute even more to the future of Mozambique.
Falar dos 25 anos da KPMG, falar de 25 anos de
sucesso, pois o seu crescimento notvel no nmero de
profissionais, volume de negcios, carteira de clientes e
variedade de servios.
A KPMG Moambique iniciou as suas actividades em
Maputo em Julho de 1990 com seis colaboradores, mas
hoje conta com cerca de 295 profissionais e igualmente
a primeira firma das tradicionais Big 4 a estabelecer
escritrios nas provncias de Nampula, Cabo Delgado e
Zambzia. Hoje, a nossa prestigiada equipa possui um
equilbrio saudvel entre a equipa local e expatriados com
experincia necessria internacional e local para acrescentar
aquele toque especial da KPMG na nossa base de clientes
diversificada. Por isso, nos ltimos 25 anos fomos e
continuamos a ser abenoados com competncias que os
nossos colaboradores possuem e o valor que demonstrado
continuamente nos nossos trabalhos.
8 / A dcima sexta edio / The sixteenth edition

Talking about the first 25 years at KPMG, is talking about 25


years of success, our growth is unmatched in the number of
professionals, revenue, customer base and range of services.
KPMGs Mozambican journey began in Maputo in July 1990
with six employees but, has today grown to approximately
295 professionals and including being the first of the
traditional Big 4 firms to establish offices in the provinces
of Nampula, Cabo Delgado and Zambezia. Today, our staff
compliment boasts a healthy balance between local and expat
staff with the necessary international and local experience to
add that KPMG touch to our diversified client base. Hence,
we have in the past 25 years been blessed and continue to be
blessed with skills that our staff possess and the value that
they continuously bring to engagements.

Quando iniciamos as nossas actividades em 1990, a linha


de servios de fiscalidade e legal constitua a espinha
dorsal da nossa firma e compreendia a maior parte
dos servios que prestamos. Hoje, esta linha de servios
continua a ser um contribuinte significativo para a nossa
firma como um todo e temos o orgulho de afirmar que os
clientes que iniciaram h 25 anos connosco continuam
hoje em dia como nossos clientes.
Os nossos primeiros 25 anos foram marcados por muitos
momentos memorveis, mas, sem dvida, o lanamento
da primeira edio anual da pesquisa sobre as 100 Maiores
Empresas de Moambique h 16 anos foi um marco
significativo. Esta pesquisa anual continua a melhorar
e uma referncia para os intervenientes a nvel local e
internacional. Alm disso, a KPMG desenvolveu igualmente
a pesquisa sobre o ndice de Ambiente de Negcios e ainda a
Pesquisa sobre o Sector Bancrio, e estas pesquisas serviram
e servem como ferramentas para vrios intervenientes. A
qualidade e o contedo das pesquisas acima mencionadas
reforam a posio da KPMG no mercado moambicano
como o melhor parceiro de negcios.
Na KPMG, a Responsabilidade Social sempre foi e
continua a ser de extrema importncia. Acreditamos
que o trabalho do cliente e o servio comunitrio
complementam-se reciprocamente e ao mesmo tempo
temos contribudo consideravelmente para a comunidade
em geral ao longo dos ltimos 25 anos, precisamos e
faremos mais nos prximos 25 anos.
Muitas entidades foram obrigadas a redimensionar as suas
operaes, mas tendo em conta o 25 aniversrio da KPMG,
vemos este desafio como uma oportunidade para rever
nossas operaes de negcios a fim de nos reposicionar
e sobressair neste mercado cada vez mais dinmico e
competitivo. Com este desafio, o nosso 25 aniversrio
simboliza crescimento e muita experincia no que diz
respeito aos servios prestados pela KPMG.

KPMG has audited and continues to audit the leading


companies in the Country including, being auditor to a
majority of the companies listed on the Mozambican
Stock Exchange. We have credibility in the market and
prestige and as a result, have won awards every year as
the best accounting and audit firm (PMR). To achieve these
honours is no easy task and we are immensely proud of our
achievements and of our staff that have worked tirelessly in
order for us to achieve these noteworthy accolades.
We are immensely proud that we were the first of the
traditional Big 4 firms to offer and continue to offer the full
range of advisory services. Our advisory service line has
four distinct silos within advisory which are Transactions and
Restructuring, Management Consulting, Risk Consulting and
International Development Advisory Services and our market
edge is that we have all the relevant expertise in-house. We
would definitely say that we have transformed and continue
to transform ourselves to maintain leadership in the advisory
sector by offering clients multidimensional solutions.
When we started out in 1990, our tax and legal compliance
service line was definitely the backbone of our firm and
constituted the majority of services that we provided. Today,
this service line remains a significant contributor to our firm as
a whole and we are proud to say that clients that were with us
25 years ago, are still with us today.
Our first 25 years has had many memorable moments but,
undoubtedly the launch of the first annual edition of the
Top 100 Companies in Mozambique Survey 16 years ago
is a significant milestone. This annual survey continues to
improve and to be a reference for decision makers both
locally and internationally. Further, KPMG has also developed
the Business Confidence Index and the Banking Survey
again, both these publications have become the tools to
have for decision makers. The quality and content of the
aforementioned surveys reinforce KPMG in the Mozambican
market as the business partner of choice.
At KPMG, Corporate Social Responsibility has always been
and continues to be of utmost importance. We believe that
client work and community service complement each other
and whilst we have contributed much to the wider community
over the past 25 years, we need to do and will do more for the
next 25 years.
Many entities have been forced to rescale operations but,
as KPMG turns 25, we see this as an opportunity to review
our business operations in order to reposition ourselves and
excel in the dynamic and competitive marketplace. With this
challenge, we do not see ourselves as 25 years old but, as
25 and counting and continuing to be the standard setters in
everything we do.

The sixteenth edition / A dcima sexta edio / 9

Pesquisa da KPMG sobre as


100 Maiores Empresas de
Moambique
KPMGs Top 100 Companies
in Mozambique survey
Glossrio
Glossary
Introduo
Introduction
As Melhores empresas de Moambique
The best companies of Mozambique
Anlise Macroeconmica
Macroeconomic Analysis
Anlise Agregada
Aggregate Analysis

10 / A dcima sexta edio / The sixteenth edition

The sixteenth edition / A dcima sexta edio / 11

Glossrio
Glossary

Activo Corrente um activo classificado


como corrente quando:

classificao das empresas prescrito no


Decreto no. 44/2011:

Current Asset an asset is classified as


current when:

the classification of businesses as


prescribed in decree no 44/2011:

guardado primariamente com


o propsito de ser comercializado
(mercadorias).

Pequena Empresa: de 5 a 49
Trabalhadores; Volume de Negcios de
MZN 1.200.000,00 a MZN 14.700.000,00

It is held primarily for the purposes of


being sold (merchandise)

Small Enterprise: from 5 to 49


employees; Revenues from MZN
1.200.000,00 to MZN 14.700.000,00

Espera-se que seja realizado num


perodo mximo de 12 meses aps
o ltimo balano (clientes e outros
devedores).

Mdia Empresa: de 50 a 100


Trabalhadores; Volume de Negcios
de MZN 14.700.000,00 a MZN
29.970.000,00.

Trata-se de caixa e equivalentes de caixa


aos quais o seu uso no seja restrito
(caixa e bancos).

Rentabilidade dos Activos Lquidos o


rcio dos resultados lquidos sobre os
activos lquidos, em percentagem.

ActivoTotal Lquido total do valor do


activo corrente e no corrente lquido de
amortizaes e provises referentes s
diversas rubricas do activo do balano.
As amortizaes aplicam-se ao activo
no corrente, enquanto as provises se
aplicam ao activo corrente/circulante.

Rentabilidade do Volume de Negcio


o rcio dos resultados lquidos sobre o
volume de negcio, em percentagem.

Capitais Prprios Mdios constituem os


capitais prprios do ano corrente e do ano
anterior, divididos por dois.

Resultado Lquido corresponde ao lucro


ou prejuzo obtido pela empresa aps
a deduo dos impostos que sobre ela
incidem.

Custos Operacionais incluem toda


a classe de custos do Plano Geral de
Contabilidade com excepo dos
Encargos Financeiros e dos Custos
das Vendas. Para os bancos, resulta
do somatrio de custos com pessoal,
fornecimentos e servios de terceiros,
amortizaes e outros. Para as
seguradoras consideram-se os prmios
de resseguros cedidos, indemnizaes
de seguros directos e resseguros aceites,
comisses e outros custos de explorao.
Fundos Prprios referem-se ao total do
capital social, dos prmios de emisso,
das reservas, dos resultados transitados e
dos resultados do exerccio.
Liquidez Geral corresponde ao rcio do
activo corrente sobre o passivo corrente.
Nmero deTrabalhadores nmero de
trabalhadores efectivos.
Passivo Corrente Diz respeito aos dbitos
da empresa que necessitam de ser pagos
dentro de 12 meses aps o ltimo balano.
Como exemplos temos os emprstimos
pagveis dentro de um ano, descobertos
bancrios, fornecedores, antecipaes
passivas, Estado (impostos e outros) e
outros dbitos decorrentes da actividade
operacional da empresa.
PassivoTotal total do passivo corrente e
no corrente da empresa.
Pequenas e Mdias Empresas (PMEs)
foi utilizado o critrio nacional de

12 / A dcima sexta edio / The sixteenth edition

Rentabilidade dos Capitais Prprios


o rcio dos resultados lquidos sobre
os capitais prprios mdios do ano, em
percentagem.

Resultado antes de Impostos


corresponde ao resultado bruto obtido
pela empresa antes da deduo dos
impostos que sobre ela incidem.
Taxas de Cmbio como tem sido prtica
habitual, no clculo dos valores da tabela
do ranking em Dlares Americanos, foram
usadas para 2013 as seguintes taxas:
o volume de negcio, os resultados
lquidos e os custos operacionais foram
convertidos usando a taxa de cmbio
mdia anual de USD/MZN 29.91 (Banco
de Moambique);
os activos lquidos e os capitas prprios
mdios foram convertidos usando as
taxas de cmbio do final do ano USD/
MZN 29.95 (Banco de Moambique).
Volume de Negcio proveito total
do exerccio, por exemplo, toda a
classe de proveitos do Plano Geral de
Contabilidade. Para os bancos constitui
o resultado do somatrio da margem
financeira antes das provises, lucros
lquidos em operaes financeiras e
proveitos lquidos de comisses. Para as
empresas seguradoras inclui os fundos de
prmios de seguros directos e resseguros
aceites, comisses, indemnizao de
resseguros cedidos e outros proveitos de
explorao.
Volume de Negcio porTrabalhador
volume de negcio dividido pelo nmero
de trabalhadores efectivos.

It is expected to be realised within a


maximum period of twelve months
of the balance sheet date (clients
and other debtors)
It is cash or cash equivalent for which
use is unrestricted (cash and bank)
Total Net Assets the total value
of current assets and fixed (non
current) assets net of depreciation
and provisions relating to the various
asset headings in the balance sheet.
Depreciation applies to the fixed
assets while provisions apply to
current (circulating) assets.

Medium Enterprises: from 50 to


100 Employees; Revenues from
MZN 14.700.000,00 to MZN
29.970.000,00.
Return on Net Assets is the ratio
of net results over net assets, as a
percentage.
Revenues is the ratio of net results
over business volume as a percentage.
Return on Equity Capital is the
ratio of net profitability results over
the average annual equity capital, as a
percentage.

Average Equity Capital is the sum of


the equity capital of the current year and
the previous year, divided by two.

Net results corresponds to the profit


or loss obtained by the company after
the deduction of related taxes.

Operational Costs includes all


the classes of costs in the General
Accountancy Schedule with the
exception of the Finance Charges and
Cost of Sales. For banks, it is the sum
of the costs of personnel, supplies and
services from 3rd parties, depreciation
and others. Insurance companies take
into account re -insurance premiums
given up, indemnities of insurance
rights and reinsurances accepted,
commissions and other running costs.

Results beforeTax corresponds to the


gross result obtained by the company
before deduction of related taxes.

Shareholders capital constitutes the


total of equity capital, premium issues,
reserves brought forward and those
resulting from the current years activities.
General Liquidity corresponds to
the ratio of current assets over current
liabilities.
Number of employees number of
permanent employees
Current Liabilities Relates to the
debts of a business that are due to be
paid within 12 months of the date of the
last balance sheet. For example loans
payable within one year, bank overdrafts,
suppliers, anticipated liabilities, State
(taxes and others) and other debts
resulting from the operational activities of
the company.
Total Liabilities total of current and
long term liabilities of the company
Small and Medium Enterprises
(SMEs) uses the national criteria for

Exchange Rates as has been


customarily practiced, for the calculation
of the values in the table for ranking
table in American Dollars the following
rates were used for 2013: the volume of business, net
results and operational costs were
converted using the average annual
exchange rate of USD/MZN 29.91
(Bank of Mozambique)
the current assets and the average
equity capital were converted using
the exchange rate at the end of
the year USD/MZN 29.95 (Bank of
Mozambique).
Revenue the total income for the
year, for example all the income
classes of the General Schedule of
Accounting. For the banks it comprises
the financial margin before provisions,
net profits from financial operations
and net income from commissions.
For insurance companies it includes
the premium on insurances, direct and
accepted reinsurances, commissions,
indemnities on reinsurance granted and
other operating income.
Revenue per employee volume of
business divided by the number of
permanent employees.

Lista de Abreviaturas
List of Abbreviations
BM Banco de Moambique / Bank of
Mozambique
BTs Bilhetes doTesouro/Treasury Bonds
CEMPRE (2005) Censo de Empresas
(2005) / Company Census (2005)
CPI Centro de Promoo de Investimentos
/ Investment Promotion Centre
EUA Estados Unidos da Amrica/United
States of America
FMI Fundo Monetrio Internacional /
IMF International Monetary Fund
FPA Facilidade Permanente de Absoro
/ Marginal Absorption Facility
FPC Facilidade Permanente de Cedncia/
Marginal Lending Facility
IDE Investimento Directo Estrangeiro/
Direct Foreign Investment
IDN Investimento Directo Nacional /
Direct National Investment
INE Instituto Nacional de Estatstica/
National Statistics Institute
IPC ndice de Preos ao Consumidor/
Consumer price index
IRPC Imposto Sobre o Rendimento das
Pessoas Colectivas/Corporation tax
M2 Massa Monetria/Money Supply
MAIBOR Maputo Interbank Offered Rate
MT Meticis / Metical
n.a. no aplicvel (ou por falta de
informao, ou pela empresa possuir
apenas 1 ano de actividade ou ainda pelo
facto da empresa no ter participado na
pesquisa do ano anterior) / not applicable
(either due to lack of information or because
the company is in business for 1 year only, or
even because the company did not take part
in the previous year research)
n.d. dado no disponvel / data not
available
PES Plano Econmico e Social /
Economic and Social Plan
PIB Produto Interno Bruto / GDP Gross
Domestic Product
PMEs Pequenas e Mdias Empresas/
SMEs - Small and Medium Enterprises
pp pontos percentuais / percentage points
PVDs Pases em Vias de
Desenvolvimento / Developing countries
SADC Comunidade de
Desenvolvimento da frica Austral/
Southern African Development Community
TAMs Ttulos da Autoridade Monetria/
Monetary Authority Bonds
USD Dlar Norte-americano / US Dollar
ZAR Rand

The sixteenth edition / A dcima sexta edio / 13

Introduo
Introduction

A KPMG continua a oferecer


comunidade empresarial
moambicana uma ferramenta de
anlise que apoie na tomada de
decises empresariais, assegurando
a sua sobrevivncia num mercado
cada vez mais competitivo, bem como
fornecer uma base de anlise credvel.
com imenso orgulho que lembramos
que a KPMG em Moambique foi
a primeira empresa de Auditoria e
Consultoria a firmar-se no mercado
nacional, fornecendo uma vasta gama
de servios destacando-se Consultoria,
Auditoria, Contabilidade e, Assessoria
Fiscal e Jurdica.
A KPMG apresenta este ano a XVI
Edio da pesquisa sobre As 100
Maiores Empresas de Moambique. De
lembrar que esta pesquisa no s serve
de guia ao empresariado nacional, como
tambm aos investidores estrangeiros
que atravs deste instrumento,
podero ter uma viso bastante clara
do nosso mercado, das empresas que
nela actuam e o comportamento das
mesmas nos mais diversos ramos de
actividades existente no nosso pas.
Ao longo dos ltimos dezasseis anos
(desde 1998) esta pesquisa tem provado
ser um instrumento que promove a
transparncia das empresas que nela
participam.

14 / A dcima sexta edio / The sixteenth edition

iniciado a sua actividade a pouco


tempo, no terem produzido receitas,
no julgam possuir um valor elegvel
para participar, por ordens do grupo
internacional, entre outros mais
diversos motivos.
Contudo, apesar dos desafios, muitas
so as empresas que aderem
pesquisa demonstrado assim a sua
transparncia na gesto dos seus
processos de contas e credibilidade do
mercado em que operam.
A presente pesquisa contm
essencialmente dez seces,
nomeadamente:
(i) Prefcio;
(ii) Entrevista com Dr. Filipe Mandlate;
(iii) Glossrio;
(iv) Introduo e Metodologia;
(v) As Melhores Empresas de
Moambique;
(vi) Anlise Macroeconmica
(internacional e nacional);
(vii) Anlise Agregada;
(viii) Ranking das 100 Maiores
Empresas de Moambique;
(ix) Anlise Sectorial, e;
(x) Lista das Empresas Participantes.

Porque a KPMG est empenhada em


melhorar a sua contribuio sociedade
atravs desta pesquisa, este ano foi
introduzida uma nova categoria que a
Pesquisa sobre as Maiores e Melhores
Pequenas e Mdias Empresas de
Moambique, que tambm utiliza os
mesmos critrios de recolha de dados.

A semelhana das edies


passadas, alertamos que os dados
financeiros e econmicos contidos
no presente relatrio so da inteira
responsabilidade das firmas
participantes, no tendo a KPMG
efectuado qualquer alterao aos
mesmos, limitando-se apenas a
analis-los.

A presente edio analisa os resultados


financeiros e econmicos do ano
2013 comparativamente de 2012.
Participaram nesta edio 182 empresas
e todas as que no participaram, alegam
motivos tais como: no ter sido um
ano economicamente favorvel, terem

Em termos de tiragem, esta edio


conta com 5.000 exemplares em
formato bilingue (Portugus e Ingls) de
distribuio gratuita. Alternativamente,
tambm pode ser consultada atravs
da pgina da Internet da KPMG
Moambique www.kpmg.co.mz.

KPMG continues to aim to provide the


Mozambican business community
with an analysis tool that supports their
business decision-making, ensuring
their survival in the increasingly
competitive market, as well as to
provide a basis for credible analysis.

started their activity recently, they


hadnt produced revenue, they didnt
consider they were eligible size wise
to participate and they were subject to
orders of their international group.
However, despite the challenges,
many companies participated in the
research demonstrating through this
their transparency in the management
of their accounts process and
credibility in the market in which they
operate.

It is with great pride that we recall


that KPMG Mozambique was the
first audit and consulting company to
establish itself in the national market,
providing a wide range of services
including in particular consultancy,
auditing, accounting and taxation and
legal advice.

The current document contains ten


sections, namely:

This year KPMG presents the XVI


edition of the research on The 100
largest companies in Mozambique.This
research serves as a guide not only to
national companies but also to foreign
investors, who through this instrument
can have a very clear vision of our
market, of the companies active within
the market and of their behaviour in the
various branches of activities carried
out within our country.

(ii) Interview with His Excellency,


President of the Republic;
(iii) Glossary;
(iv) Introduction and Methodology;
(v) The Top Companies in
Mozambique;
(vi) Macroeconomic Analysis
(International and National);
(vii) Aggregate Analysis;

Over the last sixteen years, since


1998, this research has proven to
be an instrument that promotes the
transparency of the companies who
participate.

(viii) Ranking of the Top 100


companies in Mozambique;
(ix) Analysis by Sector, and;

Because KPMG is committed to


improving their contribution to
society through this survey, a new
category was introduced this year
research on the biggest and best
small and medium-sized companies in
Mozambique, this uses the same data
collection criteria.
This edition analyses the financial and
economic results of the year 2013
compared to 2012, 182 companies
participated in the research for
this edition. Those who chose not
to participate put forward various
reasons including: they hadnt had an
economically favourable year, they

(i) Foreword;

(x) List of Participating Companies.


As in past editions, we advise you
that the financial and economic data
contained in the current report is the
sole responsibility of the participating
firms, KPMG having made no
alterations to the data supplied
limiting their activity to its analysis.
In terms of circulation, 5.000
copies of this edition in bilingual
format (Portuguese and English)
will be distributed free of charge.
Alternatively it can be consulted via
the KPMG Mozambique website
www.kpmg.co.mz.

The sixteenth edition / A dcima sexta edio / 15

ComponenteTcnica
Technical Component
PREPARAO DO PROJECTO E MOBILIZAO INTERNA PREPARATION OF THE PROJECT AND INTERNAL MOBILISATION
Nesta fase, so realizadas todas actividades concernentes : (i) actualizao/reviso e aprovao do questionrio; (ii) actualizao
da base de dados; (iii) actualizao da base de contactos (telefones, fax, email, celular) das empresas; (iv) lanamento interno da
pesquisa; (v) recrutamento, seleco e formao da equipa responsvel pela recolha de dados, e; (vi) lanamento ocial da
pesquisa.
During this phase the following activities are carried out (i) update/revision and approval of the questionnaire; (ii) update of the database; (iii)
update of company contacts (telephone, fax, email, mobile); (iv) internal launch of the study; (v) recruitment, selection and training of the
team responsible for data collection and (vi) ofcial launch of the study.

Metodologia da
Pesquisa
A metodologia da pesquisa consiste
na colecta e anlise de dados
financeiros e econmicos das
empresas participantes por via de
um questionrio. Esta anlise visa
subscrever os reconhecimentos no
posicionamento no mercado e prmios
de liderana em categorias e sectores
especficos, dos diversos participantes
da pesquisa 100 Maiores Empresas
de Moambique.Assim, a publicao
inclui os seguintes reconhecimentos e
prmios:
(i) O tradicional ranking das 100
Maiores Empresas de Moambique
com base no volume de negcios;
(ii) Prmio empresa com maior
volume de negcios;
(iii) Prmio empresa com maior
participao de capitais privados de
origem nacional;
(iv) Prmio empresa com maior
rentabilidade de capitais prprios;
(v) Prmio empresa com maior
subida no ranking em relao a
edio anterior;
(vi) Prmio empresa com maior
entrada no ranking das 100 Maiores
Empresas de Moambique;
(vii) Prmio melhor empresa de
Moambique;
(viii) Reconhecimento das empresas
que lideram os respectivos sectores de
actividades de acordo com o volume
de negcios, e;
(ix) Reconhecimento das melhores
empresas por cada sector de
actividade.
As Pequenas e Mdias Empresas
(PME) desempenham um papel
fundamental na economia nacional e,
16 / A dcima sexta edio / The sixteenth edition

de modo a encorajar a participao


destas empresas, a pesquisa
introduziu quatro novas categorias de
premiaes designadas:
(i) Prmio Pequena empresa com
maior volume de negcios;
(ii) Prmio Pequena melhor
empresa;
(iii) Prmio Mdia empresa com
maior volume de negcios, e;
(iv) Prmio a Mdia melhor
empresa.
Esta pesquisa compreende
fundamentalmente duas
componentes, umaTcnica (que diz
respeito a todo processo desde a
Mobilizao e Preparao do Projecto
at a Anlise dos Dados) e outra
Analtica (que diz respeito a Elaborao
dos Artigos at ao Lanamento da
Pesquisa). As duas componentes
ilustradas na pgina seguinte no se
encontram dissociadas, isto , ambas
so realizadas em paralelo. Cada uma
das componentes (Tcnica e Analtica)
so, por sua vez subdivididas em
quatro fases, ilustradas na pgina
seguinte:

Research Methodology
The research methodology consists of
the collection and analysis of financial and
economic data received from participating
companies via a questionnaire. This analysis
aims to recognise market position and
reward leadership from among the diverse
participants of the Top 100 companies
of Mozambique in specific categories
and sectors. The publication includes the
following awards and recognitions:

(ii) Award to the company with the


highest revenue
(iii) Award to the company with the highest
equity capital of Mozambican origin
(iv) Award to the company with the highest
return on equity capital
(v) Award to the company with the highest
climb in the ranking in relation to the
previous year
(vi) Award to the company with the
highest entry in the ranking of the Top
100 companies of Mozambique

COLECTA DE DADOS DATA COLLECTION


As actividades inerentes a esta fase so: (i) envio de questionrios s empresas; (ii) vericao e correco dos erros/inconsistncias na base de contactos; (iii) telefonemas de follow up para empresas, e; (iv) recolha dos questionrios.
The activities inherent to this phase are: (i) sending of questionnaires to companies; (ii) verication and correction of errors/inconsistencies in the contact data base; (iii) follow up calls to companies; (iv) collection of questionnaires.

CONTROLO DE QUALIDADE E LIMPEZA DE DADOS COLECTADOS QUALITY CONTROL AND DATA CLEANSING
Esta fase dedicada : (i) anlise/auditoria e limpeza dos questionrios recebidos; (ii) insero dos questionrios na base de
dados, e; (iii) vericao nal e aprovao da base de dados.
This phase is dedicated to: (i) analysis/audit of questionnaires and data cleansing; (ii) input of questionnaires into the database, e; (iii)
nal checking and approval of the database.

ANLISE DOS DADOS DATA ANALYSIS


Nesta fase tm lugar as seguintes actividades: (i) anlise dos dados; (ii) produo das estatsticas/resultados, e; partilha das
mesmas estatsticas/resultados para a concluso do relatrio da pesquisa.
In this phase the following activities take place: (i) analysis of the data; (ii) production of the statistics and results and (iii) sharing of
these statistics/results for the completion of the report.

(vii) Award to Mozambiques top company.


(viii) Recognition for the companies that
led their sectors
(ix) Recognition for the best companies for
each sector of activity.
Small and medium-sized enterprises (SMEs)
play a key role in the national economy and
in order to encourage the participation of
these companies, the study has introduced
four new categories of awards:
(i) Award for the Small company with
the highest revenue;
(ii) Award for best Small company;
(iii) Award for the Medium-sized company
with the highest revenue, and;
(iv) Award for the best Medium-sized
company.

The methodology consists of two


components, one technical (that relates to the
process from mobilisation and preparation of
the project to the analysis of the information)
and the other analytical (from the writing of the
articles to the launch of the study), these two
components are not completely separated,
as their activities are carried out in parallel.
(i) The ranking of the Top 100 companies of Each of the components (Technical and
Analytical) are in turn subdivided in four
Mozambique based on revenue
phases as illustrated below:

Componente Analtica
Analytical Component

ELABORAO DOS ARTIGOS


PREPARATION OF THE ARTICLES
Nesta fase realizado: (i) o
convite, seleco e atribuio
dos artigos a cada elemento da
equipa; (ii) denio da
estrutura, contedo, prazos
limites para entrega do
primeiro draft dos artigos; (iii)
fololw up para o
esclarecimento de dvidas e
ponto de situao do processo
de elaborao dos artigos; (iv)
recolha dos draft dos artigos;
(v) reviso e correco dos
artigos, e; (vi) aprovao nal.
During this phase the following
takes place: (i) invitation and
selection of team members and
assignment of articles to each
member; (ii) denition of the
structure and content of the
report and deadlines for the
submission of the rst draft; (iii)
follow up for the clarication of
doubts and monitoring progress
on the writing of the articles; (iv)
collection of the article drafts; (v)
revision and correction of the
articles, and; (vi) nal approval.

TRADUO E CONTROLO
DA QUALIDADE
TRANSLATION AND QUALITY
CONTROL
Esta fase consiste no: (i)
envio dos artigos para a
sua traduo ocial; (ii)
controlo de qualidade da
traduo; (iii) insero dos
dados estatsticos e
tabelas; (iv) vericao do
relatrio nal nas duas
lnguas e aprovao, e; (v)
preparao dos resultados
da pesquisa.
This phase consists of: (i)
sending articles for their
ofcial translation; (ii) quality
control of the translation; (iii)
insertion of statistical data
and tables; (iv) verication
and approval of the nal
report in both languages,
and; (v) preparation of the
study results.

PAGINAO E IMPRESSO
DA REVISTA / LAYOUT AND
PRINTING OF THE
PUBLICATION
Nesta fase so feitos todos
os trabalhos que dizem
respeito : (i) paginao da
revista; (ii) reviso do
relatrio aps paginao e
correco de
inconsistncias (caso
existam), e; (iii) envio do
relatrio para impresso.
This phase involves the
activities relating to: (i) layout
of the document; (ii) review
of the report after layout and
correction of inconsistencies
(if they exist), and; (iii) issue
of the report for printing.

LANAMENTO DA
PESQUISA / LAUNCH OF
THE STUDY
Esta fase dedicada a
divulgao dos
resultados da
pesquisa
This phase is dedicated
to the announcement
of the results of the
study.

The sixteenth edition / A dcima sexta edio / 17

services, cinematographic activities


and editing services, video,
television programme production,
music editing and sound recording.
4. Comrcio
Commerce

Classificao dos sectores

Classification of the sectors

Como referido na edio passada, a classificao


dos sectores foi revisitada, com vista melhorar a
comparabilidade com os dados macroeconmicos
publicados a nvel nacional. Assim, a KPMG procurou
revisitar de forma a alinhar a classificao dos sectores
utilizados na publicao com a utilizada pelo Instituto
Nacional de Estatstica. Como resultado deste exerccio a
classificao dos sectores a seguinte:

As mentioned in the last edition, the classification of the


sectors was revisited in order to improve comparability with
macroeconomic data published at a national level. KPMG sought
to align the classification used in this publication with that used by
the National Institute of Statistics. As a result of this exercise the
classification of the sectors in this edition is as follows:

ACTUAL CLASSIFICAO
CURRENT CLASSIFICATION

1. Agricultura e Pesca
Agriculture and Fisheries

ANTERIOR CLASSIFICAO
PREVIOUS CLASSIFICATION

1. Agricultura
Agriculture
2. Pescas
Fisheries

TIPO DE EMPRESAS QUE


CONGREGA O SECTOR (ACTUAL
CLASSIFICAO)
TYPE OF COMPANIES THAT MAKE
UP THE SECTOR (CURRENT
CLASSIFICATION)

OBSERVAO
OBSERVATION
(PARTICIPATION IN NEW
SECTOR)

Agricultura, Produo Animal,


Floresta e Pesca;
Agriculture, Animal Production,
Forestries and Fisheries;

Fazem parte deste sector todas


empresas que estavam nos
sectores de Agricultura e Sector
das Pescas;
All companies that were in the
Agriculture Sector and Fisheries
Sector;

2. Actividades financeiras e
de seguros
Financial Services and
Insurance

3. Banca e Leasing
Banking and Leasing
4. Seguros
Insurance

Banca, seguros e actividades


auxiliares de intermediao
financeira;
Banking, Insurance and auxiliary
activities of financial intermediation;

Fazem parte deste sector todas


empresas que estavam nos
sectores da Banca e Leasing e
Sector de Seguros;
All companies that were in the
Banking and Leasing Sector and
the Insurance Sector ;

3. Actividades de informao
e de comunicao
3. Information and
Communication Activities

5. Comunicaes
Comunications

Rdio, televiso,
telecomunicaes, servios de
informao, actividades de
edio e actividades
cinematogrficas, de vdeo,
produo de programas de
televiso, edio de msica e
gravao de som.
Radio, television,
telecommunications, information
services, cinematographic activities
and editing services, video,
television programme production,
music editing and sound recording.

Fazem parte deste sector todas


empresas que estavam nos
sectores de Comunicaes;
All companies that were in the
communication sector;

Comrcio por grosso e a retalho;


reparao de veculos
automveis e motociclos;
Wholesale and retail trade; repair of
cars and motorcycles;

Fazem parte deste sector todas


empresas que estavam no
sector de Comrcio e parte de
empresas que estavam no
sector de Energia;
All companies that were in the
commerce sector and some
companies that were in the
energy sector;

4. Comrcio
Commerce

6. Comrcio
Commerce

5. Construo
Construction

7. Construo
Construction

Desenvolvimento de projectos de
edifcios, construo de edifcios,
engenharia civil e actividades
especializadas de construo;
Development of building projects,
construction of buildings, civil
engineering and specialist
construction activities;

Fazem parte deste sector todas


empresas que estavam no
sector de Construo;
All companies that were in the
construction sector

6. Alojamento, Restaurao e
similares
Accommodation, restaurants
and similar actvities

8. Hotelaria e Turismo
Hotels and Tourism

Hoteleiro, restaurao, casas de


pasto, estabelecimentos de
bebidas e similares em que a
alimentao e bebidas so
consumidas regra geral no
prprio local, assim como
cantinas e fornecimentos de
refeies ao domiclio (catering);
Hotels, restaurants, boarding
houses, bars, similar locations such
as canteens where alcohol and food
are generally sold and eaten and
supply of meals to private homes
(catering);

Fazem parte deste sector todas


empresas que estavam no
sector de Hotelaria e Turismo;

18 / A dcima sexta edio / The sixteenth edition

All companies that were in the


hotel and tourism sector;

Comrcio por grosso e a retalho;


reparao de veculos
automveis e motociclos;
Wholesale and retail trade; repair of
cars and motorcycles;

Fazem parte deste sector todas


empresas que estavam no
sector de Comrcio e parte de
empresas que estavam no
sector de Energia;
All companies that were in the
commerce sector and some
companies that were in the
energy sector;

7. Construo
Construction
ANTERIOR CLASSIFICAO
PREVIOUS CLASSIFICATION

Desenvolvimento de projectos de
edifcios, construo de edifcios,
TIPO DE EMPRESAS
QUE
engenharia
civil e actividades
CONGREGA O de
SECTOR
(ACTUAL
especializadas
construo;
CLASSIFICAO)
Development of building projects,
TYPE OF COMPANIES
THAT
construction
of buildings,
civilMAKE
UP THE SECTOR
(CURRENT
engineering
and specialist
CLASSIFICATION)
construction activities;

Fazem parte deste sector todas


empresas que estavam no
OBSERVAO
sector
de Construo;
OBSERVATION
All companies that were in the
(PARTICIPATION
IN NEW
construction
sector
SECTOR)

1. Agricultura
Pesca
6.
Alojamento,e Restaurao
e
similares and Fisheries
Agriculture
Accommodation, restaurants
and similar actvities

1. Agricultura
8.
Hotelaria e Turismo
Agriculture
Hotels and Tourism
2. Pescas
Fisheries

Fazem parte deste sector todas


nos
empresas que estavam no
sectores
Agricultura
e Sector
sector
dede
Hotelaria
e Turismo;
das Pescas;
All companies that were in the
All companies
thatsector;
were in the
hotel
and tourism
Agriculture Sector and Fisheries
Sector;

2. Actividades financeiras e
de seguros
Financial Services and
Insurance

3. Banca e Leasing
Banking and Leasing
4. Seguros
Insurance

Agricultura,
Produo Animal,
Hoteleiro,
restaurao,
casas de
Floresta
e Pesca;
pasto,
estabelecimentos
de
bebidas
e similares
em que a
Agriculture,
Animal Production,
alimentao
bebidas so
Forestries andeFisheries;
consumidas regra geral no
prprio local, assim como
cantinas e fornecimentos de
refeies ao domiclio (catering);
Hotels, restaurants, boarding
Banca, seguros
e actividades
houses,
bars, similar
locations such
auxiliares
intermediao
as
canteensdewhere
alcohol and food
financeira;
are
generally sold and eaten and
Banking,
and auxiliary
supply
of Insurance
meals to private
homes
activities of financial intermediation;
(catering);

7.
Extractivas
e
3. Indstrias
Actividades
de informao
Transformadora
e Indstria
de comunicao
(Indstria)
3. Information and
Extractive industries
and
Communication
Activities
Transformation Industries
(Industry)

9.
Indstria
5. Comunicaes
Industry
Comunications
10. Alimentao e Bebidas
Food and Drink
11. Energia
Energy

Fazem
Fazem parte
parte deste
deste sector
sector todas
empresas
empresas que
que estavam
estavam nos
nos
sectores
sectores da
de Indstria,
Comunicaes;
Alimentao e Bebidas e parte
All companies that were in the
das empresas que estavam no
communication sector;
sector de Energia;
All companies that were in the
Industry and Food and Drink
sectors and some of the
companies that were in the
Energy Sector;

8. Servios
Services

12. Servios
Services

4. Comrcio
Commerce

6. Comrcio
Commerce

Indstria
Extractiva Indstria
Rdio, televiso,
Transformadora;
telecomunicaes, servios de
Extractive
Industry,
Transformation
informao,
actividades
de
Industry
edio e actividades
cinematogrficas, de vdeo,
produo de programas de
televiso, edio de msica e
gravao de som.
Radio, television,
telecommunications, information
services, cinematographic activities
and editing services, video,
television programme production,
Electricidade,
gs,sound
vapor,
gua
music editing and
recording.
quente e fria e ar frio; Captao,
tratamento e distribuio de
gua; saneamento gesto de
Comrcio por grosso e a retalho;
resduos e despoluio;
reparao de veculos
Actividades Imobilirias; Outras
automveis e motociclos;
actividades de servios;
Wholesale and
trade; repair of
Actividades
deretail
consultoria,
cars and motorcycles;
cientficas,
tcnicas e similares;

5. Construo
Construction
ACTUAL CLASSIFICAO
CURRENT CLASSIFICATION

6. Comrcio
Commerce

5. Construo
Construction

7. Construo
Construction

9. Transportes e Armazenagem
Transport and Warehousing

13. Transportes
Transport

6. Alojamento, Restaurao e
similares
Accommodation, restaurants
and similar actvities

8. Hotelaria e Turismo
Hotels and Tourism

Devido a esta reclassificao dos sectores, algumas empresas


que nas edies passadas pertenciam a um determinado
sector,
na presente edio podem estar9. em
um outro sector,
7. Indstrias Extractivas e
Indstria
estando
assimTransformadora
alinhado a actual classificao
em vigor no INE.
Indstria
Industry
(Indstria)
Extractive industries and
Transformation Industries
(Industry)

10. Alimentao e Bebidas


Food and Drink
11. Energia
Energy

Fazem parte deste sector todas


empresas que estavam nos
sectores da Banca e Leasing e
Sector de Seguros;
All companies that were in the
Banking and Leasing Sector and
the Insurance Sector ;

Fazem parte deste sector todas


empresas que estavam no
sector de Servios;
All the companies
weretodas
in the
Fazem
parte destethat
sector
Services
sector;
empresas
que estavam no
sector de Comrcio e parte de
empresas que estavam no
sector de Energia;
All companies that were in the
commerce sector and some
companies that were in the
energy sector;

Electricity, gas, steam, hot and cold


water and cold air; Collection,
treatment and distribution of water;
Sanitation, waste management and
pollution control;
Desenvolvimento
de projectos
de
Fazem parte deste sector todas
Real estate activities;
other
edifcios,
construo
de edifcios,
empresas que estavam no
services; Scientific,
Technical
and
engenharia
civil eServices;
actividades
sector de Construo;
other consultancy
especializadas de construo;
All companies that were in the
Development of building projects,
construction sector
Transportes
Fazem parte deste sector todas
construction Terrestres,
of buildings,por
civil
Oleodutos
empresas que estavam no
engineeringou
andGasodutos,
specialist por
gua,
Areos,
Armazenagem e
sector de Transportes;
construction
activities;
actividades auxiliares dos
All companies that were in the
transportes (manuseamento);
transport
sector;
Hoteleiro,
restaurao,
casas
de
Fazem parte
deste sector todas
Actividades dos Correios e
pasto,
estabelecimentos
de
empresas
que estavam no
postais independentes dos
bebidas
similares em que a
sector de Hotelaria e Turismo;
correios enacionais;
alimentao e bebidas so
All companies that were in the
Road
transport,
oil
and
gas
consumidas regra geral no
hotel and tourism sector;
pipelines,
water
and air
transport,
prprio local,
assim
como
warehousing
and handling activities
cantinas e fornecimentos
de
National
service and
refeiespostal
ao domiclio
(catering);
independent postal activities;
Hotels, restaurants, boarding
houses, bars, similar locations such
as canteens where alcohol and food
are generally sold and eaten and
supply of meals to private homes
(catering);
Due to the reclassification of the sectors in line with the

classification used by the National Institute of Statistics some


companies are now in different sectors
from those in which they
Indstria Extractiva Indstria
Fazem parte deste sector
appeared in previous editions. empresas que estavam nos
Transformadora;
Extractive Industry, Transformation
Industry

sectores da Indstria,
Alimentao e Bebidas e parte
das empresas que estavam no
sector de Energia;
The sixteenth edition
/ A dcima
sexta
All companies
that were
in theedio / 19
Industry and Food and Drink
sectors and some of the
companies that were in the

As Melhores
Empresas de
Moambique
The Top Companies
in Mozambique
Metodologia para a Classificao
O ranking da Melhor Empresa de Moambique das que
constam do ranking das 100 Maiores Empresas de Moambique
tem como principal objectivo destacar a empresa com melhor
desempenho econmico-financeiro no ano em anlise. Para a
classificao desta empresa, foram seleccionados os seguintes
indicadores: (i) crescimento do volume de negcios, (ii)
autonomia financeira, (iii) rentabilidade do volume de negcios,
(iv) rentabilidade de capitais prprios e (v) liquidez geral.
Para a classificao da melhor empresa, foram atribudas
pontuaes que variam de 1 (um) a 100 (cem), sendo atribudos
100 pontos primeira empresa e 1 ponto centsima empresa
classificada para cada um dos indicadores analisados. A empresa
que obtiver a maior pontuao, resultante do somatrio das
pontuaes dos diversos indicadores, obter o ttulo da Melhor
Empresa de Moambique no perodo 2012/2013, segundo a KPMG.
Como critrio adoptado para eventuais desempates na
classificao, realizou-se um novo confronto apenas entre as
empresas que estiverem empatadas, valorizando a rentabilidade
de capitais prprios, j que esta engloba a autonomia da
empresa, a relao entre as vendas e os activos da empresa e a
rentabilidade do volume de negcios.

Seleco da Melhor Empresa,


Melhor Mdia e Pequena Empresa
De acordo com a metodologia acima exposta, a Maputo Car
Terminal, Lda foi apurada como a melhor empresa de 2013, com
um crescimento do volume de negcios na ordem dos 78.33%.
A taxa de rentabilidade do volume de negcios e a rentabilidade
de capitais prprios para esta empresa situaram-se ao nvel de
41.90% e 79.66%, respectivamente. No que concerne a autonomia
financeira e a liquidez geral, a Maputo CarTerminal, Lda obteve as
taxas de 44.08% e 4.32%, respectivamente. A segunda e terceira
posies deste ranking so ocupadas pela Matola CargoTerminal,
SARL e pela Cornelder de Moambique,SA, respectivamente.
A anlise individualizada de alguns destes indicadores revela que
a maior taxa de crescimento do volume de negcios foi obtida

20 / A dcima sexta edio / The sixteenth edition

pela Malala Investment Group, Lda com uma taxa de 209.89%,


seguida pela EMOCIL, Lda com 164.04%.
No que toca autonomia financeira, a Matola CargoTerminal,
SARL e a Construa, Lda lideram o ranking com taxas de 90.67% e
86.80%, respectivamente.
A empresaTerminal de Carvao da Matola, Lda com 49.0%, a
Maputo CarTerminal, Lda com 41.90% e a Sasol Petroleum
Temane, Lda com 41.24% lideram o ranking das melhores
empresas com as maiores taxas de rentabilidade do volume
de negcios. Quanto Rentabilidade dos capitais prprios, a
empresa Cowi Moambique, Lda lidera o ranking com uma taxa
de 104%.
Em termos de liquidez geral, a empresa Seguradora Internacional
de Moambique, SA e a Construa, Lda lideram o ranking com
taxas de 17.94% e 17.38%, respectivamente.
A Malala Investment Group, Lda lidera o ranking das melhores
empresas com uma taxa de crescimento do volume de negcios
por trabalhador de 164.98%, seguido pela CONSULTEC, Lda com
130.68% e pela EMOSE, SA com 127.64%.
A Incala, Lda e a Carpintaria Mutende foram eleitas as melhores
Mdia e Pequena empresas da pesquisa 100 Miores Empresas
de Moambique para a edio 2013. A Incala, Lda registou uma
taxa de crescimento do seu volume de negcios na ordem
de 22.1%. A taxa de rentabilidade do volume de negcios e a
rentabilidade de capitais prprios para esta empresa situaram-se
ao nvel de 5.11% e 4.08%, respectivamente. No que diz respeito
a autonomia financeira e liquidez geral, a Incala, Lda obteve
taxas de 99.04% e 58.13%. As empresas Frum Hotis eTurismo,
Lda e a PROMOTUR, ocupam a segunda e terceira posies no
ranking da melhores mdias empresas. Por outro lado, a Auto
Rectificadora e a Linkup Recruitment Services ocupam a segunda
e terceiras posies do lado das melhores pequenas empresas. A
Carpintaria Mutende teve uma taxa de crescimento do volume de
negcios de 40.3%, quanto a autonomia financeira cifrou-se nos
81.01%. Quanto a taxa de rentabilidade do volume de negcios e a
rentabilidade de capitais prprios, a Carpintaria Mutende registou
taxas de 10.93% e 26.30%, respectivamente.

Classification Methodology

The ranking of the Top Company of Mozambique


amongst the onies that are part of the top 100 Companies
of Mozambique has the objective of featuring/outlining the
company with the best economic-financial performance on
the year in the analysis, based on the following indicators: (i)
growth in revenue, (ii) financial independence, (iii) return on
revenue, (iv) return on equity capital and (v) general liquidity.
For the classification of the top company, points varying
from 1 (one) to 100 (a hundred) were attributed for each of
the indicators, with 100 points being attributed to the top
company and 1 point to the 100th company. The company
with the highest score resulting from the sum of the points
from the relevant indicators will receive the title of the KPMG
Top Company 2012/13.
In the event of a tie, the criteria adopted to determine
final placements in the classification was to make a new
comparison between the companies with the same points
based on their return on equity capital, recognising that
this already reflects the independence of the company, the
relationship between sales and the assets of the company
and the return on revenue.

Selection of the Top Company,


Medium and small Company
According to the methodology referred above, Maputo Car
Terminal, Lda was considered as the best company in 2013, with a
growth revenue of approximately 78.33%. The rate of revenue and
shareholder funds profitability of this company was of approximately
41.90% and 79.66%, respectively. With regard to the financial
autonomy and overall liquidity, Maputo Car Terminal, Lda obtained
the rates of 44.08% and 4.32%, respectively. The second and third
positions in this ranking are occupied by Matola Cargo Terminal, SARL
e pela Cornelder de Moambique, SA, respectively.
The individual analysis of some of these indicators reveals that the
highest growth rate of revenue was obtained by Malala Investment

Group, Lda with a rate of 209.89%, followed by EMOCIL, Lda with


164.04%.
With regard to financial autonomy, Matola Cargo Terminal, SARL e a
Construa, Lda are leading the ranking with 90.67% rate and 86.80%,
respectively.
Terminal de Carvo da Matola, Lda with 49.0%, Maputo Car Terminal,
Lda with 41.90% and Sasol Petroleum Temane, Lda with 41.24%
are leading the ranking of the best companies with the highest rates
of revenue. With regard to shareholder funds profitability, Cowi
Moambique, Lda leads the ranking with a rate of 104%.
With regard to overall liquidity, the companies Seguradora
Internacional de Moambique, SA and Construa, Lda are leading the
ranking with 17.94% and rates of 17:38%, respectively.
Malala Investment Group, Lda leads the ranking of the best companies
with a growth rate of revenue per employee of 164.98%, followed by
CONSULTEC, Lda with 130.68% and EMOSE, SA with 127.64%.
The companies Incala, Lda and Carpintaria Mutende were considered
the best Medium and Small companies in the Top 100 Companies
in Mozambique for the 2013 edition. Incala, Lda registered a growth
rate of its revenue of approximately 22.1%. In terms of revenue and
shareholder funds profitability for the company amounted to 5.11%
and 4:08%, respectively.
Regarding financial autonomy and overall liquidity, Incala, Lda
obtained a rate of 99.04% and 58.13%. The Companies Frum
Hotis e Turismo, Lda and PROMOTUR, are in the second and third
positions regarding the ranking of best medium companies.
On the other hand, Carpintaria Mutende which leads the ranking
of the best small companies registered a growth rate of revenue
of 40.3%, and the financial autonomy with 81.01%. With regard to
revenue and shareholder funds profitability, Carpintaria Mutende
registered rates of 10.93% and 26.30%, respectively. In this ranking,
Carpintaria Mutende is followed by Auto Rectificadora and Linkup
Recruitment Services.

The sixteenth edition / A dcima sexta edio / 21

42

Avenida - Empreendimentos Tursticos e Hoteleiros, Lda

Alojamento, Restaurao e Similares

238,970

262,828

(9.08)

43

Cimentos de Moambique, SA

44

Terminal de Carvo da Matola, Lda


Intelec Holdings, SA

Indstria

4,506,316

4,050,438

11.26

Transportes e Armazenagem

1,235,604

1,228,988

0.54

Servios

7,222,024

5,853,024

23.39

As tabelas que se seguem apresentam o ranking das Melhores Empresas de


46
Banco Comercial e de Investimentos (BCI), SA
Financeiras e de Seguros
5,191,286
4,371,027
18.77
Moambique
em 2013 de acordo com aActividades
metodologia
adoptada.
45

47

Dataserv, Lda

Rank Empresa
Empresa
Rank
48
Gespetro,
SARL
Company
Company

Comrcio

Sector
Actividade
Sector
dede
Actividade
Comrcio
Activity
Activity

348,717

334,969

4.10

1,309,503

1,143,261

14.54
7.78

462,384

444,963

39

7,883,888

6,403,338

22

3,192,371

2,370,365

64

8,669,116

7,163,468

56

82,167,820

26

Vol.
Neg.
Vol.
dede
Neg.
50
Revenues
Revenues
3 3
(10
Meticais)
(10 Meticais)

BIM - Banco Internacional de Moambique, SA

Actividades Financeiras e de Seguros

8,039,551

7,459,047

Petromoc e Sasol, SA

Comrcio

3,026,391
2013
2013

2,609,342
15.98
2012 %13/12
%13/12
2012

51
1 1

Ferro
Moambique,
Lda
Maputo
Terminal,
Maputo
CarCar
Terminal,
LdaLda

Comrcio
Transportes
e Armazenagem
Transportes
e Armazenagem

791,529
395,736
395,736

695,508
221,910
221,910

13.81
78.33
78.33

47
94 94

52
2 2

CETA
- Engenharia
e Construes,
Matola
Cargo
Terminal,
SARL SA
Matola
Cargo
Terminal,
SARL

Construo
Transportes
e Armazenagem
Transportes
e Armazenagem

1,996,310
,694
377377
,694

1,495,107
310,309
310,309

33.52
21.72
21.72

79
62 62

53
3 3

MOTRACO,
Cornelder
de
Moambique,
Cornelder
deSARL
Moambique,
SASA

Servios
Transportes
e Armazenagem
Transportes
e Armazenagem

8,607
,617
4,171,989
4,171,989

9,205,023
3,266,935
3,266,935

(6.49)
27.70
27.70

13 70
70

54
4 4

Socremo
- Banco
de Microfinanas,
SA
LETSHEGO
- Financial
Services
Mozambique,
LETSHEGO
- Financial
Services
Mozambique,
SASA

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

372,957
(0.09)
246,752 122.79
122.79
246,752

21
97 97

55
5 5

Standard
Bank, SARL
Cowi
Moambique,
Cowi
Moambique,
LdaLda

Actividades
Servios Financeiras e de Seguros
Servios

56
6 6

Vale
Moambique,
SA
Sasol
Petroleum
Temane,
Sasol
Petroleum
Temane,
LdaLda

Indstria
Indstria

57
7 7

African
Lda
MPDC
- Sociedade
Desenvolvimento
Porto
Maputo,
MPDC
-Petroleum,
Sociedade
de de
Desenvolvimento
do do
Porto
de de
Maputo,
SASA

58
8 8

Moza
Banco,
SA
Grindrod
Mozambique,
Grindrod
Mozambique,
LdaLda

59
9 9

Medis
Farmaceutica,
Lda
Agrifocus,
Lda.
Agrifocus,
Lda.

60
10 10

Tropigalia,
Lda- Consultores
CONSULTEC
- Consultores
Associados,
CONSULTEC
Associados,
LdaLda

61
11 11

EDM
- Electricidade
Intermetal,
Intermetal,
SASA de Moambique, E.P.

Servios
Comrcio
Comrcio

62
12 12
63
13 13

49
50
2013
2013

372,623
549,750
549,750

32

51
Pontuao
Pontuao

206,035

146,491

23.12

2,815,250

34.68

1,209,423

21.02

68,094,227

175,263

137,227

201,628

197,250

85,428,239

70,646,624

1,275,548
2013
2013

3.92

40.65

44.56

75

2,508,693

12.22

35.71

65

8.98

595,408

103.13

37.88

68

49.00

5,328,052

4,934,087

7.98

20.67

6,209,921

5,197,549

19.48

27.72

43,124

41,289

4.44

Activo
Lquido
Activo
Lquido
2.22
Net
Assets
Net
Assets
3 3
(10
Meticais)
(10 Meticais)
20.92

42,760
14,238,022

Capitais
Prprios
Capitais
Prprios
40,476
5.64
Shareholdersfunds
Shareholdersfunds
3 3
(10
Meticais)
(10 Meticais)

11,988,914

18.76

89

33.78

52.29

76

1.04

0.85

45

1,683

1,940

8.74

75

25.69

100

15.20

15.13

47

0.86

0.88

28

10,691

67.09

64.32

94

0.45

0.32

4,469

30

The following tables present the ranking of the Best Companies in Mozambique in 2013
7.56
27.36
29.59
92
24.91
28.05
63
0.84
1.21
according
to the13methodology
adopted.

(13.24)

17

311

9,915

7.82

54

308

5,219

(14.37)

16

307

6,703

7,538

(11.08)

20

300
299

88

5.53

7.50

63

7.78

10.15

35

0.87

1.13

24

2,578

2,422

6.44

51

24.61

46

4.25

3.08

54

35.15

23.62

77

1.18

1.23

62

5,535

5,726

(3.33)

33

0.70

0.77 Profits/Revenue
Profits/Revenue

25

22.01

22.45

1.12

1.20

Liquidez
Geral
Liquidez
Geral
Current
Ratio53
Current
Ratio

4,762

4,219

por
Trabalhador
VNVN
por
Trabalhador
Revenue per Employee

97

Rent.
Rent.
C. C.
P. P.
S/hs
Funds 60
S/hs
Funds
(%)(%)

21.21
16.67

Autonomia
Autonomia
42
Financeira
Financeira

25.19

26.92

39
Pontuao
Pontuao

18.13
2013
2013

27
.17
2012
2012

52
Pontuao
Pontuao

63
74 74

1.87
41.90
41.90

1.91
35.33
35.33

41 99
99

5.68
79.66
79.66

5.43
65.91
65.91

29 98
98

18100
100

5.01
34.70
34.70

2.10
37.48
37
.48

60 95
95

36.43
37.75
37.75

24.84
45.88
45.88

78 80
80

81 94
94

2.82
31.58
31.58

2.54
25.82
25.82

45
93 93

11.13
69.10
69.10

11.75
60.89
60.89

40
95 95

27.00
16.64
16.64

53 34
34

13.14
33.08
33.08

9.05
23.73
23.73

80 94
94

18.99
58.19
58.19

15.59
48.17
48.17

15.39
56.81
56.81

30 84
84

27
.187.99
7.99

28.75
(13.19)
(13.19)

91 71 104.00
19.23
104.00
71

21.84
(230.89)
(230.89)

(27
.63)
48.68
48.68

4 78
78

(101.36)
41.24
41.24

(197
.09)
43.02
43.02

2 98
98

50.01
27.16
27.16

182.58
23.29
23.29

29.69
85.05
85.05

31.42
53.04
53.04

60 79
79

1.55
23.14
23.14

1.40
25.62
25.62

34 88
88

21.66
59.67
59.67

2.18
94.19
94.19

9.12
74.68
74.68

16 96
96

1.86
21.16
21.16

(11.23)
19.92
19.92

40 87
87

1.66
60.00
60.00

276,702
19.94
2012 %13/12
%13/12
2012

26.02
2013
2013

760,411
529,848
529,848

519,389
308,328
308,328

46.40
71.85
71.85

265,547
233,568
233,568

256,924
182,749
182,749

3.36
27.81
27
.81

34.92
44.08
44.08

3,079,429
455,104
455,104

2,302,178
332,143
332,143

33.76
37.02
37.02

297
,069
412,654
412,654

252,321
281,612
281,612

17.73
46.53
46.53

9.65
90.67
90.67

4,148,665
3,294,694
3,294,694

4,112,463
2,561,332
2,561,332

0.88
28.63
28.63

2,248,586
2,110,268
2,269,913 1,543,034
1,543,034
2,269,913

6.55
47.11
47
.11

54.20
68.90
68.90

1,045,855
2,788,119
2,788,119

20.98
188.48
188.48

6,779,501
9.63
37,660 6,183,818
(1,183) 3283.43
3283.43
37,660
(1,183)
(66.69)
3.14
3.14

75,347
752,011
752,011

1,351,355
544,752 1,322,525
280,523
544,752
280,523

49
Pontuao
Pontuao

41.08

39.93

(%)(%)

2.21
2012
2012

331,867
2013
2013

35

Rent
Rent
VNVN

1.82
2013
2013

45.95
%13/12
%13/12

64

0.67

0.71

1.16
2013
2013

1.18
2012
2012

60
Pontuao
Pontuao

94,575
2013
2013

94,885
2012
2012

1.30
4.32
4.32

1.69
1.65
1.65

70 94
94

28,783
11,813
11,813

0.97
7.997.99

0.92
4.82
4.82

38 98
98

817
2,020
2,020

1.68
2.94
2.94

5.92
2.25
2.25

78
87 87

1,229,660
7,024
7,024

55 89
89

0.96
5.47
5.47

1.01
8.96
8.96

37 96
96

57100
100

0.84
3.78
3.78

0.88
1.62
1.62

26 93
93

85
68 68

3.62
3.48
3.48

1.91
3.76
3.76

91
89 89

18.74
132.23
132.23

59 90
90

0.24
1.23
1.23

0.44
0.96
0.96

(5.87)
103.96
103.96

19 91
91

0.64
3.62
3.62

0.73
2.52
2.52

16

3,475

3,295

12.88
65
Revenue per Employee
5.48

47

298

Melhores
Melhores
295
2012
dede
2012
291

(0.33)
%13/12
%13/12

39
Pontuao
Pontuao

290
Pomtuao
Final
Pomtuao
Final

28,980
9,863
9,863

(0.68)
19.78
19.78

38 77
77

288536
536

1,107
1,682
1,682

(26.25)
20.09
20.09

11 78
78

284
513513

1,315,003
6,055
6,055

(6.49)
15.99
15.99

26
71 71

283
510510

1,117
7,480
7,480

1,156
4,446
4,446

(3.38)
68.23
68.23

31 96
96

277506
506

4,562
3,345
3,345

4,469
2,878
2,878

2.09
16.24
16.24

44 72
72

276505
505

5,384
41,144
41,144

8,349
31,703
31,703

(35.50)
29.78
29.78

7 89
89

275
502502

4 66
66

20,196
5,574
5,574

20,585
4,392
4,392

(1.89)
26.90
26.90

35 87
87

270469
469

14 92
92

3,143
61,592
61,592

2,563
78,231
78,231

22.60
(21.27)
(21.27)

82
14 14

266455
455

967
,491
1,570,868
1,570,868

8.10
77.49
77
.49

4,585,240
,520
237237
,520

4,325,977
169,807
169,807

5.99
39.88
39.88

28
66,287 42,400,315
47,718
85 85 44,063,370
66,287
47,718

3.92
38.91
38.91

11,460,892
7,714,506
7,714,506

8,068,955
5,769,993
5,769,993

42.04
33.70
33.70

86
81,101,999
24,433,611 21,364,186
21,364,186
80 80 105,106,630
24,433,611

29.60
,949) (17
,420,705)
14.37 (29,037
11,893,454
11,531,868
14.37
11,893,454
11,531,868

Comrcio
Transportes
e Armazenagem
Transportes
e Armazenagem

1,211,762
2,764,549
2,764,549

916,017
2,308,068
2,308,068

32.29
19.78
19.78

78
59 59

310,987
2,623,742
2,623,742

151,005
2,144,856
2,144,856

105.94
22.33
22.33

Actividades
Servios Financeiras e de Seguros
Servios

1,197
,345
1,170,254
1,170,254

599,795
899,657
899,657

99.63
30.08
30.08

95
729,458
75 75 14,820,073
729,458

8,689,027
509,629
509,629

70.56
43.14
43.14

Comrcio
Comrcio

362,041
648,000
648,000

310,253
538,000
538,000

16.69
20.45
20.45

53
60 60

249,766
596,000
596,000

215,527
486,000
486,000

15.89
22.63
22.63

39,472
385,000
385,000

32,895
321,000
321,000

19.99
19.94
19.94

15.80
64.60
64.60

32 92
92

1.82
9.88
9.88

2.31
12.08
12.08

38 77
77

18.18
18.13
18.13

24.45
22.38
22.38

54 53
53

0.97
2.65
2.65

1.08
2.74
2.74

39 84
84

4,702
9,257
9,257

4,432
7,173
7,173

6.08
29.05
29.05

50 88
88

266454
454

Comrcio
Servios
Servios

500,544
255,581
255,581

396,412
202,959
202,959

26.27
25.93
25.93

69
68 68

202,727
202,727

178,084
169,841
169,841

19.36
19.36

65,880
55,569
55,569

58,499
47,547
47,547

12.62
16.87
16.87

27-.41
27.41

0 56
56

1.47
8.75
8.75

0.79
6.42
6.42

33 73
73

11.87
43.36
43.36

5.56
30.21
30.21

41 81
81

1.40
1.25
1.25

1.68
3.17
3.17

74 68
68

2,902
4,524
4,524

2,743
1,961
1,961

5.77
130.68
130.68

49 99
99

266445
445

10,205,956
258,089
258,089

8,723,552
199,667
199,667

16.99
29.26
29.26

54
145,892 38,516,805
114,354
74 74 43,578,153
145,892
114,354

13.14
27.58 18,532,151
90,767 18,394,536
73,148
27.58
90,767
73,148

0.75
24.09
24.09

42.53
62.22
62.22

72 89
89

(0.67)
9.14
9.14

1.20
7.707.70

15
76 76

(0.37)
28.79
28.79

0.69
23.47
23.47

16 71
71

1.03
3.54
3.54

1.12
2.57
2.57

42
90 90

2,929
3,019
3,019

2,594
2,980
2,980

12.93
1.29
1.29

66
42 42

265
442442

Unicomo
Moambique,
Lda
Seguradora
Internacional
Moambique
(SIM),
Seguradora
Internacional
de de
Moambique
(SIM),
SASA

Comrcio
1,093,426
Actividades
Financeiras
e de
Seguros 2,368,000
2,368,000
Actividades
Financeiras
e de
Seguros

977
,416
1,986,000
1,986,000

11.87
19.23
19.23

40
57 57

551,696
5,569,000
5,569,000

409,103
5,145,000
5,145,000

34.86
8.24
8.24

13.46
11.53
11.53

15.38
28.14
28.14

29 57
57

0.92
16.85
16.85

0.95
19.74
19.74

27 83
83

12.61
26.85
26.85

13.26
29.63
29.63

42 67
67

1.10
17.94
17
.94

1.10
43.62
43.62

51100
100

10,171
16,164
16,164

8,612
13,556
13,556

18.11
19.23
19.23

74 76
76

263440
440

Lalgy
Truck
Sales,
Lda
Teixeira
Duarte
Engenharia
e Construes
Moambique,
Teixeira
Duarte
Engenharia
e Construes
Moambique,
LdaLda

Comrcio
Construo
Construo

272,181
1,942,184
1,942,184

365,369
1,257
,087 (25.51)
54.50
54.50
1,257
,087

5 91
91

288,946
2,557
,977
2,557
,977

265,757
2,679,158
2,679,158

8.73
(4.52)
(4.52)

109,996
900,387
900,387

95,580
765,010
765,010

15.08
17.70
17.70

38.07
35.20
35.20

69 64
64

5.30
6.97
6.97

4.60
12.70
12.70

62 68
68

14.02
16.26
16.26

19.95
23.30
23.30

44 48
48

1.57
1.23
1.23

1.51
1.23
1.23

77 65
65

4,286
5,328
5,328

6,894
3,781
3,781

(37
.82)
40.94
40.94

6 93
93

263429
429

64
14 14

Malala
Investment
Group,
Global
Alliance
Seguros,
SA
Global
Alliance
Seguros,
SALda

Comrcio
312,928
Actividades
Financeiras
e de
Seguros 2,470,202
2,470,202
Actividades
Financeiras
e de
Seguros

100,981
1,800,450 209.89
37.20
37.20
1,800,450

100
83 83

16,441
1,669,942
1,669,942

5,705
1,066,572
1,066,572

188.19
56.57
56.57

(153)
456,213
456,213

(577)
330,062
330,062

73.48
38.22
38.22

(0.93)
27.32
27.32

6 55
55

0.14
4.97
4.97

0.35
4.40
4.40

19 59 (116.16)
31.21
59
31.21

(121.32)
30.65
30.65

3 74
74

0.89
1.27
1.27

0.87
1.25
1.25

33
69 69

4,535
27,447
27
,447

1,712
21,824
21,824

164.98
25.77
25.77

100
86 86

261
426426

65
15 15

Manica
Freightde
Services
(Mo),
SA
Hidroelctrica
de
Cahora
Bassa,
SARL
Hidroelctrica
Cahora
Bassa,
SARL

Transportes
Indstria e Armazenagem
Indstria

3,393,796
9,110,774
9,110,774

2,835,826
8,629,212
8,629,212

19.68
5.58
5.58

58
1,562,662
1,578,077
56,597
,935 58,044,628
58,044,628
27 27 56,597
,935

(0.98)
184,503 41,660,405
154,696
(2.49) 43,239,608
43,239,608
41,660,405
(2.49)

66
16 16

Mota
- EngilMoambicana
Eng.
Construo
frica,
SA
Companhia
Moambicana
Hidrocarbonetos,
Companhia
de de
Hidrocarbonetos,
SASA

Construo
Indstria
Indstria

6,699,685
2,237
,464
2,237
,464

7,282,728
1,968,365
1,968,365

(8.01)
13.67
13.67

10 46 10,432,022
6,780,794
10,432,022
46

4,381,177
8,612,283
8,612,283

54.77
21.13
21.13

729,449
255,259
4,966,981 4,254,432
4,254,432
4,966,981

67
17 17

Business
Connexion
Mozambique,
Emose
- Empresa
Moambicana
de
Seguros,
Emose
- Empresa
Moambicana
deLda
Seguros,
SASA

Servios
281,151
Actividades
Financeiras
e de
Seguros 4,340,000
4,340,000
Actividades
Financeiras
e de
Seguros

298,256
(5.74)
1,951,000 122.45
122.45
1,951,000

14 96
96

203,395
7,700,000
7,700,000

204,295
5,484,000
5,484,000

(0.44)
40.41
40.41

109,381
101,795
2,098,000 1,813,000
1,813,000
2,098,000

68
18 18

Aeroportos
de
E.P
.
CIMBETO
-Moambique,
Cimpor
Beto
Moambique,
CIMBETO
- Cimpor
Beto
Moambique,
SASA

Transportes
Indstria e Armazenagem
Indstria

1,346,020
846,819
846,819

1,045,097
544,575
544,575

28.79
55.50
55.50

73
493,080
92 92 12,944,202
493,080

11,717
,338
340,105
340,105

10.47
44.98
44.98

774,332
132,758
132,758

953,413
95,977
95,977

69
19 19

Premier
Group,
Lda Companhia
Hollard
Moambique
Companhia
Seguros
, SARL
Hollard
Moambique
de de
Seguros
, SARL

Comrcio
Actividades
Financeiras
e de
Seguros 1,052,802
1,057
,622
1,057
,622
Actividades
Financeiras
e de
Seguros

692,969
,429
807807
,429

51.93
30.99
30.99

89
77 77

766,778
1,295,917
1,295,917

20.99
48.63
48.63

87
,794
376,230
376,230

13,514
281,736
281,736

549.65
33.54
33.54

70 20
20

KPMG
Auditores
e Consultores,
SA
DHL
Moambique,
DHL
Moambique,
LdaLda

Servios
Transportes
e Armazenagem
Transportes
e Armazenagem

503,374
500,078
500,078

439,619
361,906
361,906

14.50
38.18
38.18

49
84 84

219,186
322,605
322,605

196,770
188,734
188,734

11.39
70.93
70.93

40,434
78,008
78,008

42,697
50,074
50,074

71 21
21

Hoteis
Polana,
SAAlgodoeira
SAN
- Sociedade
Algodoeira
Niassa
- JFS,
SARL
SAN
- Sociedade
do do
Niassa
- JFS,
SARL

Alojamento,
Agricultura
e Pescas e Similares
Agricultura
e Restaurao
Pescas

452,651
432,714
432,714

416,784
402,953
402,953

8.61
7.39
7.39

33
31 31

1,160,301
292,740
292,740

1,184,827
286,818
286,818

(2.07)
2.06
2.06

134,975
185,711
185,711

105,853
96,672
96,672

72
22 22

BP
Moambique,
Lda LdaLda
Petrogal
Moambique,
Petrogal
Moambique,

Comrcio
Comrcio

5,986,465
6,076,548
6,076,548

5,824,766
4,646,508
4,646,508

2.78
30.78
30.78

24
76 76

4,129,910
2,619,660
2,619,660

3,938,809
1,827
,560
1,827
,560

4.85
43.34
43.34

2,293,422
,656 2,406,269
715,171
847847
,656
715,171

73 23
23

BancABC,
SA
ES
Contact
Center
Moambique
(ex.Select
Vedior
Moambique)
ES
Contact
Center
Moambique
(ex.Select
Vedior
Moambique)

Actividades
Servios Financeiras e de Seguros
Servios

752,176
314,201
314,201

599,213
206,863
206,863

25.53
51.89
51.89

67
88 88

9,303,683
56,986
56,986

6,284,852
48,940
48,940

48.03
16.44
16.44

721,142
24,008
24,008

721,924
19,335
19,335

74 24
24

Hariche
Group,
Lda
EMOCIL
, Lda
EMOCIL
, Lda

Comrcio
Construo
Construo

853,546
679,686
679,686

754,724
13.09
,420 164.04
164.04
257257
,420

44
99 99

666,005
860,097
860,097

449,467
360,757
360,757

48.18
138.41
138.41

187
,502
46,278
46,278

113,176
21,515
21,515

75 25
25

Transportes
Lalgy,
Lda
CFM
- Portos
e Caminhos
Ferro
Moambique,
CFM
- Portos
e Caminhos
de de
Ferro
de de
Moambique,
E.PE.P
. .

Transportes
e Armazenagem
Transportes
e Armazenagem

1,755,563
8,272,802
8,272,802

1,541,742
6,649,948
6,649,948

13.87
24.40
24.40

48
1,345,569
40,764,353
65 65 40,764,353

1,199,755
37,947
,610
37
,947
,610

12.15
190,560 25,627
174,107
7.42 26,992,028
26,992,028
25,627
,244
7.42
,244

76 26
26

LAM
- Linhas
Areas de
Moambique,
SAServices,
MAHS
- Mozambique
Airport
Handling
MAHS
- Mozambique
Airport
Handling
Services,
LdaLda

Transportes
e Armazenagem
Transportes
e Armazenagem

5,297
,078
296,799
296,799

4,678,313
232,258
232,258

13.23
27.79
27.79

45
72 72

4,361,038
195,955
195,955

4,273,113
244,471
244,471

2.06
(19.85)
(19.85)

905,620
125,654
125,654

874,895
,316
117117
,316

77
27 27

Salvor
Hoteis
Moambique,
SARL
Tecnel
Service,
Tecnel
Service,
LdaLda

Alojamento,
Servios Restaurao e Similares
Servios

268,990
523,411
523,411

252,542
385,580
385,580

6.51
35.75
35.75

29
81 81

957
,759
304,713
304,713

989,381
160,616
160,616

(3.20)
89.72
89.72

566,039
115,231
115,231

517119,744
,768
119,744

78 28
28

Mega
- Distribuio
Construa,
Construa,
LdaLda de Moambique, SA

Comrcio
Comrcio

632,145
1,542,872 (32.46)
12.55
12.55
1,542,872

79 29
29

Teledata
de
Moambique,
Lda
Mozre
- Moambique
Resseguros,
Mozre
- Moambique
Resseguros,
SASA

Comunicaes
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

80
30 30

Topack
Moambique,
SARL LdaLda
Mozambique
Leaf
Tobacco,
Mozambique
Leaf
Tobacco,

81 31
31
82 32
32

927
,748
1,926,151
1,926,151

97,720
1,391,598
1,391,598

233,391
160,866
160,866

23.10

61.46

873,970
2012
2012

282,353
464,070
464,070

24.92

84,850
74,787
1,567
,000 1,405,000
1,405,000
1,567
,000

19.27
3.79
3.79

11.81
76.40
76.40

26 97
97

0.30
25.36
25.36

(0.27)
38.50
38.50

22 90
90

6.01
5.44
5.44

(78.21
.47)
8.21

30 28
28

1.08
2.47
2.47

0.98
3.90
3.90

49 83
83

8,432
27,650
27
,650

7,125
13,084
13,084

18.34
111.32
111.32

75 97
97

260422
422

185.77
16.75
16.75

10.76
47.61
47.61

23 77
77

7.08
39.30
39.30

2.61
41.13
41.13

69 96
96

96.31
19.07
19.07

134.90
21.82
21.82

99 56
56

1.08
6.61
6.61

1.03
10.33
10.33

48 97
97

6,009
106,546
106,546

9,283
100,942
100,942

(35.27)
5.55
5.55

8 48
48

257420
420

7.45
15.72
15.72

53.78
27.25
27.25

80 54
54

2.70
3.43
3.43

0.94
3.69
3.69

44 51
51

.187.62
7.62

5.53
4.20
4.20

33 34
34

2.06
2.20
2.20

1.90
1.761.76

80 81
81

3,514
13,252
13,252

7,849
5,824
5,824

(55.22)
127127
.54.54

4 98
98

255
414414

(18.78)
38.32
38.32

5.98
26.92
26.92

11 52
52

(12.45)
4.34
4.34

(172.49
.58)
2.49

8 57 (19.40)
32.16
57
32.16

(17
.49)
13.68
13.68

7 75
75

1.55
1.03
1.03

1.68
0.94
0.94

76 44
44

1,702
13,442
13,442

1,412
10,085
10,085

20.49
33.29
33.29

79 91
91

254
411411

9.46
19.53
19.53

17 38
38

0.81
8.91
8.91

0.49
12.48
12.48

26
74 74

16.86
28.65
28.65

28.80
45.32
45.32

50
70 70

0.49
3.24
3.24

0.45
3.28
3.28

8 88
88

1,801
18,235
18,235

1,634
16,821
16,821

10.21
8.40
8.40

62
58 58

252
405405

(5.30)
55.79
55.79

18.45
24.18
24.18

37 45
45

(0.45)
5.59
5.59

2.35
(2.98)
(2.98)

17 64
64

(5.44)
43.63
43.63

27
.50
(18.47)
(18.47)

13 82
82

1.17
1.39
1.39

1.25
1.66
1.66

61 73
73

1,528
4,546
4,546

1,349
4,360
4,360

13.29
4.26
4.26

67 46
46

244394
394

27.51
92.10
92.10

11.63
63.44
63.44

25 90
90

6.43
18.05
18.05

(174.65
.68)
4.65

66 84
84

24.18
55.31
55.31

(73.27)
21.45
21.45

61 88
88

0.37
2.89
2.89

0.51
1.27
1.27

5 85
85

1,202
1,297
1,297

1,120
1,648
1,648

7(21.27)
.31
(21.27)

52
13 13

242391
391

(4.69)
18.52
18.52

55.53
32.36
32.36

83 62
62

(1.89)
2.18
2.18

2.07
2.67
2.67

11 42
42

(4.80)
16.95
16.95

5.14
17.87
17
.87

14 51
51

1.36
1.19
1.19

1.67
1.20
1.20

72
64 64

39,910
53,070
53,070

40,310
39,884
39,884

(0.99)
33.06
33.06

37
90 90

241
385385

(0.11)
24.17
24.17

7.75
42.13
42.13

14 71
71

4.28
3.15
3.15

11.00
6.76
6.76

55 48
48

4.46
45.69
45.69

9.79
113.29
113.29

23 83
83

1.04
1.79
1.79

1.06
2.06
2.06

46 79
79

4,033
263263

4,190
330330

(3.75)
(20.47)
(20.47)

30
15 15

235384
384

65.67
115.10
115.10

28.15
5.38
5.38

58
10 10

1.56
3.64
3.64

1.71
(19.25)
(19.25)

35 52
52

8.83
73.05
73.05

16.04
(460.66)
(460.66)

37 96
96

0.84
1.00
1.00

0.82
0.87
0.87

25 40
40

3,632
1,546
1,546

3,900
1,247
1,247

(6.88)
24.06
24.06

25 84
84

224381
381

9.45
5.33
5.33

14.16
66.21
66.21

28 93
93

0.94
20.21
20.21

0.96
20.87
20.87

28 86
86

9.02
6.36
6.36

8.90
5.55
5.55

38 31
31

0.62
2.31
2.31

0.57
3.19
3.19

12 82
82

2,353
1,778
1,778

2,058
1,917
1,917

14.33
(7.24)
(7.24)

69 24
24

223381
381

3.51
7.117.11

20.77
64.12
64.12

41 91
91

0.58
8.11
8.11

2.79
7.00
7.00

24 72
72

3.45
19.80
19.80

16.11
14.82
14.82

21 58
58

0.86
0.69
0.69

0.87
1.00
1.00

29
18 18

7,327
983983

6,641
863863

10.33
13.82
13.82

63 68
68

223379
379

9.32
(3.77)
(3.77)

59.10
37.82
37.82

85 67
67

0.06
1.20
1.20

(3.49)
3.15
3.15

18 29
29

0.03
5.33
5.33

(1.79)
11.47
11.47

17 27
27

0.89
1.49
1.49

1.28
3.59
3.59

32
75 75

796
8,871
8,871

789
6,535
6,535

0.84
35.75
35.75

40
92 92

221
371371

4 43
43

462,284
1,146,544
1,146,544

448,978
1,093,880
1,093,880

2.96
4.81
4.81

337
,045
995,204
995,204

344,501
918,548
918,548

(2.16)
8.35
8.35

72.91
86.80
86.80

95 99
99

(1.75)
4.41
4.41

15.90
7.087.08

12 58
58

(2.19)
8.01
8.01

34.10
12.65
12.65

15 36
36

2.93
17.38
17
.38

3.77
4.06
4.06

86 99
99

3,028
3,498
3,498

4,390
3,535
3,535

(31.02)
(1.05)
(1.05)

9 36
36

221371
371

287
,355
480,632
480,632

299,561
412,102
412,102

(4.07)
16.63
16.63

15 52
52

260,495
309,909
309,909

255,640
372,108
372,108

1.90
(16.72)
(16.72)

64,818
62,659
62,659

71,950
38,726
38,726

(9.91)
61.80
61.80

24.88
20.22
20.22

47 39
39

3.35
5.28
5.28

10.11
1.44
1.44

50 61
61

14.07
50.04
50.04

53.35
16.07
16.07

45 86
86

0.90
1.16
1.16

0.84
0.91
0.91

35 58
58

3,229
25,296
25,296

3,366
21,690
21,690

(4.07)
16.63
16.63

28 73
73

220369
369

Indstria
Agricultura
e Pescas
Agricultura
e Pescas

303,065
6,508,039
6,508,039

257
,793
5,868,252
5,868,252

17.56
10.90
10.90

55
37 37

358,328
4,397
,230
4,397
,230

361,199
3,510,401
3,510,401

(0.79)
25.26
25.26

11,566
1,118,539
1,118,539

11,058
690,400
690,400

4.59
62.01
62.01

3.23
25.44
25.44

8 48
48

0.17
6.58
6.58

0.19
3.99
3.99

21
67 67

4.49
47.34
47
.34

4.47
103.93
103.93

24
84 84

1.08
1.34
1.34

1.03
1.68
1.68

50
71 71

1,871
1,324
1,324

1,713
1,209
1,209

9.22
9.49
9.49

59
61 61

217368
368

CMA
CGM Mozambique,
Lda
Moambique
Rental,
Lda
Moambique
CarCar
Rental,
Lda

Transportes
Servios e Armazenagem
Servios

1,060,638
510,157
510,157

1,400,970
465,470 (24.29)
9.60
9.60
465,470

6 35
35

436,137
668,028
668,028

418,964
705,848
705,848

4.10
(5.36)
(5.36)

37
,670
316,001
316,001

66,396
310,911
310,911

(43.26)
1.64
1.64

8.64
47.30
47
.30

15
76 76

2.95
18.48
18.48

4.43
11.60
11.60

47 85
85

60.10
30.07
30.07

118.34
19.02
19.02

92 73
73

1.06
0.87
0.87

1.16
0.59
0.59

47 31
31

16,193
12,004
12,004

22,238
11,083
11,083

(27
.18)
8.31
8.31

10 56
56

217356
356

Globe
Musica,
Lda
Somotor,
SARL
Somotor,
SARL

Comrcio
Comrcio

2,425,746
384,218
384,218

2,865,570
,997 (15.35)
7.32
7.32
357357
,997

7 30
30

39,236
265,404
265,404

28,351
310,254
310,254

38.39
(14.46)
(14.46)

6,718
83,981
83,981

4,427
62,754
62,754

51.75
33.83
33.83

17.12
31.64
31.64

36 61
61

0.14
7.177.17

0.11
7.067.06

20 70
70

60.44
37.54
37.54

137
47.20
47.38
.20

93 79
79

1.15
1.24
1.24

1.10
1.15
1.15

57 67
67

121,287
3,748
3,748

318,397
3,672
3,672

(61.91)
2.09
2.09

3 43
43

216350
350

83 33
33

Mozal,
SARL
Total
Moambique,
SARL
Total
Moambique,
SARL

Indstria
Comrcio
Comrcio

32,261,000
6,033,647
6,033,647

34,640,000
4,723,996
4,723,996

(6.87)
27.72
27.72

12 71 48,044,000
3,034,772 46,400,000
3,087
,913
71
3,034,772
3,087
,913

3.54
,000 38,806,000
(1.72) 38,077
1,319,596
1,423,551
(1.72)
1,319,596
1,423,551

(1.88)
(7.30)
(7.30)

79.25
43.48
43.48

98 73
73

(10.27)
3.76
3.76

(0.85)
7.377.37

9 53
53

(8.62)
16.54
16.54

(0.73)
24.29
24.29

9 49
49

1.10
0.79
0.79

1.71
1.06
1.06

52 21
21

25,655
71,829
71,829

26,544
59,050
59,050

(3.35)
21.64
21.64

32 81
81

212348
348

84 34
34

Telecomunicaes
de
Moambique,
SA SASA
FNB
- First
National
Bank
Moambique,
FNB
- First
National
Bank
Moambique,

Comunicaes
Actividades
Financeiras
e de
Seguros 3,140,772
791,262
791,262
Actividades
Financeiras
e de
Seguros

3,239,631
512,402
512,402

(3.05)
54.42
54.42

18 90 12,570,842
8,029,099 11,088,572
5,807
,154
90
8,029,099
5,807
,154

13.37
38.26
38.26

0.71
45.88
45.88

41.35
11.05
11.05

70 24
24

1.66
13.17
13.17

(17.84)
(172.35
.84)

36 81
81

1.00
13.93
13.93

1.48
(15.59)
(15.59)

18 43
43

0.89
0.63
0.63

1.01
1.21
1.21

34
13 13

2,060
2,947
2,947

2,145
2,062
2,062

(3.97)
42.92
42.92

29 94
94

205345
345

85
35 35

Ferpinta
SA
MEX
-Moambique,
Moambique
Expresso,
SARL
MEX
- Moambique
Expresso,
SARL

Indstria
Transportes
e Armazenagem
Transportes
e Armazenagem

534,663
818,864
818,864

437
,543
565,552
565,552

22.20
44.79
44.79

63
87 87

661,053
471,644
471,644

706,764
102,143
102,143

(1.67)
0.35
0.35

(10.12)
1.02
1.02

13 23 (29.64)
3.85
23
3.85

(62.64)
8.30
8.30

5 22
22

0.83
4.93
4.93

0.93
3.33
3.33

23
95 95

4,629
6,204
6,204

3,740
4,961
4,961

23.78
25.05
25.05

83
85 85

194345
345

86 36
36

Entreposto
Comercial
de
Moambique,
SARL
G4S
Secure
Solutions,
Lda
G4S
Secure
Solutions,
Lda

Comrcio
Servios
Servios

1,497
,376
1,403,117
1,403,117

1,552,200
1,252,573
1,252,573

(3.53)
12.02
12.02

17 41
41

2,855,524
1,000,211
1,000,211

2,791,309
896,411
896,411

2.30
11.58
11.58

5.16
50.59
50.59

7.11
71.34
71.34

26 87
87

0.83
1.15
1.15

0.89
1.53
1.53

22 56
56

4,476
105105

4,828
97 97

(77.28)
.577.57

23 53
53

193342
342

87 37
37

Banco
nico,
SA
Cervejas
Moambique,
SARL
Cervejas
de de
Moambique,
SARL

Actividades
Indstria Financeiras e de Seguros
Indstria

613,488
9,851,983
9,851,983

241,333
9,062,322 154.21
8.71
8.71
9,062,322

98
34 34

8,957
,898
9,303,810
9,303,810

6,879,165
7,754,453
7,754,453

30.22
19.98
19.98

6 82 (10.24)
26.56
82
26.56

(54.29)
32.24
32.24

8 66
66

0.67
0.67

0.90
0.90

0 17
17

2,108
8,265
8,265

1,946
7,651
7,651

8.32
8.03
8.03

57 55
55

191340
340

88
38 38

Corredor
Desenvolvimento
Toyota
de
Moambique,
Toyota
dede
Moambique,
SASA do Norte (CDN), SARL

Transportes
Comrcioe Armazenagem
Comrcio

754,490
2,937
,366
2,937
,366

1,186,642
2,417
,651 (36.42)
21.50
21.50
2,417
,651

3 61
61

5,565,059
2,303,609
2,303,609

1,174,528
2,185,715
2,185,715

373.81
5.39
5.39

1.18
1.011.01

0.55
1.02
1.02

63
41 41

1,459
7,561
7,561

1,953
6,801
6,801

(25.29)
11.18
11.18

12 64
64

183335
335

89 39
39

Portos
do Norte,
SA
Coca-Cola
Sabco
(Moambique),
Coca-Cola
Sabco
(Moambique),
SASA

Servios
Indstria
Indstria

898,924
4,320,590
4,320,590

3,895,490
3,895,490

10.91
10.91

0 38
38

445,540
3,665,781
3,665,781

2,694,567
2,694,567

36.04
36.04

90 40
40

Transportes
Carlos
Mesquita,
Lda
TCNICA
Industrial,
TCNICA
Industrial,
SASA

Transportes
Comrcioe Armazenagem
Comrcio

385,525
1,045,921
1,045,921

386,788
631,461
631,461

(0.33)
65.64
65.64

20
93 93

374,950
425,051
425,051

430,775
209,302
209,302

(12.96)
103.08
103.08

91 41
41

Turvisa
- -Empreendimentos
Tursticos,
Televisa
- Sociedade
Tcnica
Obras
e Projectos,
Televisa
Sociedade
Tcnica
de de
Obras
eLda
Projectos,
LdaLda

Alojamento,
Servios Restaurao e Similares
Servios

498,045
1,056,556
1,056,556

479,003
774,269
774,269

3.98
36.46
36.46

25
82 82

1,301,993
1,099,061
1,099,061

1,169,333
1,067
,023
1,067
,023

92 42
42

TVAvenida
Cabo--Empreendimentos
Comunicao
Multimdia,
Lda
- Empreendimentos
Tursticos
e Hoteleiros,
Avenida
Tursticos
e Hoteleiros,
LdaLda

Comunicaes
Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

662,931
238,970
238,970

532,504
262,828
262,828

24.49
(9.08)
(9.08)

66
9 9

1,078,281
462,384
462,384

766,326
444,963
444,963

93
43 43

PETROMOC
-Moambique,
Petrleos
de Moambique,
SA
Cimentos
Moambique,
Cimentos
de de
SASA

Comrcio
Indstria
Indstria

18,826,026
4,506,316
4,506,316

16,801,308
4,050,438
4,050,438

12.05
11.26
11.26

42
7,883,888
39 39 15,400,283
7,883,888

12,267
,660
6,403,338
6,403,338

94 44
44

Banco
Procredit,
SAda da
Terminal
Carvo
Matola,
Terminal
de de
Carvo
Matola,
LdaLda

Actividades
Financeiras
e de Seguros
Transportes
e Armazenagem
Transportes
e Armazenagem

419,880
1,235,604
1,235,604

435,592
1,228,988
1,228,988

(3.61)
0.54
0.54

16 22
22

95 45
45

mCel
- Moambique
Celular, SA
Intelec
Holdings,
Intelec
Holdings,
SASA

Comunicaes
Servios
Servios

8,192,669
7,222,024
7,222,024

9,014,153
5,853,024
5,853,024

(9.11)
23.39
23.39

96
46 46

C.M.C.
Africa
Austral,
Banco
Comercial
e Lda
de
Investimentos
(BCI),
Banco
Comercial
e de
Investimentos
(BCI),
SASA

Construo
Actividades
Financeiras
e de
Seguros 3,633,430
5,191,286
5,191,286
Actividades
Financeiras
e de
Seguros

3,658,150
4,371,027
4,371,027

(0.68)
18.77
18.77

19 56 21,636,432
22,874,155
82,167
,820 68,094,227
68,094,227
56
82,167
,820

97 47
47

guas
da Regio
Dataserv,
Dataserv,
LdaLda de Maputo, SA

Servios
Comrcio
Comrcio

1,141,140
348,717
348,717

1,124,317
334,969
334,969

1.50
4.10
4.10

23
26 26

1,195,044
175,263
175,263

98 48
48

Empresa
Municipal
Gespetro,
SARL de Transportes Pblicos de Maputo, E.P.
Gespetro,
SARL

Transportes
Comrcioe Armazenagem
Comrcio

490,743
1,309,503
1,309,503

951,703
1,143,261 (48.44)
14.54
14.54
1,143,261

2 50
50

750,073
201,628
201,628

99 49
49

Servitrade
Servios
Investimentos
e Trading,SA
Lda
BIM
- Banco
Internacional
Moambique,
SA
BIM
- Banco
Internacional
de de
Moambique,

Construo
1,274,567
Actividades
Financeiras
e de
Seguros 8,039,551
8,039,551
Actividades
Financeiras
e de
Seguros

1,153,647
7,459,047
7,459,047

10.48
7.78
7.78

36
2,682,190
2,320,801
85,428,239 70,646,624
70,646,624
32 32 85,428,239

15.57
n.d 11,988,914
n.d
20.92 14,238,022
14,238,022
11,988,914
20.92

Barclays
Bank
SA
Petromoc
e Moambique,
Sasol,
Petromoc
e Sasol,
SASA

Actividades
ComrcioFinanceiras e de Seguros
Comrcio

1,194,130
3,026,391
3,026,391

1,294,584
2,609,342
2,609,342

(7.76)
15.98
15.98

11 51
51

6.29
45.95
45.95

Ferro
Moambique,
Ferro
Moambique,
LdaLda

Comrcio
Comrcio

791,529
791,529

695,508
695,508

13.81
13.81

47 47

760,411
760,411

519,389
519,389

46.40
46.40

1,996,310
1,996,310

1,495,107
1,495,107

33.52
33.52

79 79

3,079,429
3,079,429

2,302,178
2,302,178

33.76
33.76

8,607
,617
8,607
,617

9,205,023
9,205,023

(6.49)
(6.49)

13 13

4,148,665
4,148,665

4,112,463
4,112,463

0.88
0.88

372,623
372,623

372,957
372,957

(0.09)
(0.09)

21 21

1,045,855
1,045,855

,491
967967
,491

8.10
8.10

100
50 50
51 51

- Engenharia
e Construes,
Construo
52 52 CETA
- Engenharia
e Construes,
SASA
22
/ A CETA
dcima
sexta
edio
/ The sixteenth Construo
edition
53 53

MOTRACO,
SARL
MOTRACO,
SARL

Servios
Servios

54 54

Socremo
- Banco
Microfinanas,
Socremo
- Banco
de de
Microfinanas,
SASA

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

426,967
1,736,554
1,736,554

(6.47)
361.75
361.75

5,197
,695
,127 5,160,927
608,119
887887
,127
608,119
4,539
78,071
78,071

55,656
72,936
72,936

(91.85)
7.04
7.04

0.69
16.55
16.55

7 33
33

849,813
206,192
206,192

843,513
121,268
121,268

0.75
70.03
70.03

29.76
20.61
20.61

59 40
40

2.92
5.90
5.90

3.54
5.70
5.70

935,841
5,590,971 1,033,951
5,140,039
5,590,971
5,140,039

(9.49)
8.77
8.77

10.45
60.09
60.09

22 86
86

(16.43)
14.47
14.47

(116.29)
16.82
16.82

(577
,736)
,679
407407
,679

0.00
51.27
51.27

(10.38)
26.77
26.77

5 51
51

(574.32
.00)
4.32

(273.49
.70)
3.49

3 56
56

74.43
24.79
24.79

72.54
21.06
21.06

97
62 62

96,723
2,012,190
1,592,828
2,012,190
1,592,828

26.33
26.33

21.71
54.89
54.89

43 82
82

10.14
12.32
12.32

12.49
12.49

78 79
79

29.53
29.53

32.87
32.87

0 72
72

1.16
0.71
0.71

0.76
0.76

59
19 19

4,482
4,482

4,442
4,442

0.90
0.90

0 41
41

180331
331

16.33
13.03
13.03

15.52
23.74
23.74

31 44
44

1.30
1.33
1.33

0.96
2.54
2.54

31 32
32

9.23
14.64
14.64

7.67
20.06
20.06

39 46
46

0.54
0.66
0.66

0.58
1.65
1.65

9 15
15

1,570
5,977
5,977

1,511
3,671
3,671

3.94
62.80
62.80

45 95
95

175325
325

(577
,736)
616,677
616,677

46 65
65

58,176
100,888
100,888

50,010
89,256
89,256

11.34
3.00
3.00

342,732
77,451
77,451

326,260
67,805
67,805

5.05
14.23
14.23

26.32
7.057.05

50
12 12

3.31
1.80
1.80

5.57
2.41
2.41

49 37
37

4.92
26.12
26.12

8.53
28.47
28.47

25 65
65

0.45
1.03
1.03

0.43
1.101.10

6 43
43

1,009
2,867
2,867

1,153
2,361
2,361

(12.46)
21.46
21.46

18 80
80

173319
319

40.71
3.92
3.92

105,512
206,035
206,035

121,059
146,491
146,491

(12.84)
40.65
40.65

9.79
44.56
44.56

19 75
75

1.23
24.92
24.92

15.76
23.10
23.10

30 89
89

7.17
33.78
33.78

70.91
52.29
52.29

32
76 76

0.18
1.04
1.04

0.23
0.85
0.85

3 45
45

3,994
1,683
1,683

4,329
1,940
1,940

(7(13.24)
.76)
(13.24)

22
17 17

172
311311

25.54
23.12
23.12

1,525,267
2,815,250 1,620,297
2,508,693
2,815,250
2,508,693

(5.86)
12.22
12.22

9.90
35.71
35.71

21 65
65

(0.50)
8.98
8.98

(1.50)
8.74
8.74

16 75
75

(6.04)
15.20
15.20

(14.38)
15.13
15.13

11 47
47

0.79
0.86
0.86

0.75
0.88
0.88

20
28 28

33,350
10,691
10,691

30,520
9,915
9,915

9.27
7.827.82

60
54 54

170308
308

1,491,749
2,370,365
2,370,365

(1.17)
34.68
34.68

201,456
1,209,423
1,209,423

215,430
595,408
595,408

(6.49)
103.13
103.13

13.67
37.88
37.88

27 68
68

(3.66)
49.00
49.00

(19.00)
25.69
25.69

10100
100

(7.37)
67.09
67
.09

(36.36)
64.32
64.32

10 94
94

0.91
0.45
0.45

0.89
0.32
0.32

36
7 7

1,298
4,469
4,469

1,130
5,219
5,219

14.87
(14.37)
(14.37)

70
16 16

169307
307

8 64 14,690,252
8,669,116 12,571,621
7,163,468
64
8,669,116
7,163,468

16.85
21.02
21.02

5,285,030
5,328,052 5,243,983
4,934,087
5,328,052
4,934,087

0.78
7.98
7.98

35.98
61.46
61.46

66 88
88

2.18
5.53
5.53

7.63
.507.50

43 63
63

3.39
7.787.78

13.74
10.15
10.15

20 35
35

0.55
0.87
0.87

0.83
1.13
1.13

10 30
30

9,593
6,703
6,703

10,860
7,538
7,538

(11.67)
(11.08)
(11.08)

19 20
20

166300
300

(5.41)
20.67
20.67

996,831
6,209,921 1,054,818
5,197
,549
6,209,921
5,197
,549

(5.50)
19.48
19.48

4.61
7.567.56

9 13
13

(1.60)
27.36
27.36

0.73
29.59
29.59

14 92
92

(5.65)
24.91
24.91

2.55
28.05
28.05

12 63
63

1.14
0.84
0.84

1.37
1.21
1.21

55
24 24

1,474
2,578
2,578

1,522
2,422
2,422

(3.13)
6.44
6.44

34
51 51

143299
299

1,048,667
,227
137137
,227

13.96
27.72
27.72

(749,650)
43,124 (569,709)
41,289
43,124
41,289

(31.58)
4.44
4.44

(62.73)
24.61
24.61

3 46
46

(15.77)
4.25
4.25

(10.55)
3.08
3.08

7 54
54

27.28
35.15
35.15

23.25
23.62
23.62

69 77
77

1.18
1.18

1.23
1.23

0 62
62

1,619
5,535
5,535

1,688
5,726
5,726

(4.12)
(3.33)
(3.33)

27 33
33

129298
298

928,227
,250
197197
,250

(19.19)
2.22
2.22

1097
.10
5.64
5.64

61.15
21.21
21.21

87 42
42

(35.49)
0.70
0.70

10.30
0.77
0.77

5 25 (70.09)
22.01
25
22.01

(914.88)
22.45
22.45

4 60
60

0.61
1.12
1.12

0.20
1.20
1.20

11 53
53

339
4,762
4,762

728
4,219
4,219

(53.45)
12.88
12.88

5 65
65

114295
295

0 97
97

25.19
25.19

26.92
26.92

0 64
64

1.13
0.67
0.67

1.87
0.71
0.71

54
16 16

3,475
3,475

3,295
3,295

5.48
5.48

0 47
47

90291
291

4 39 (28.53)
18.13
39
18.13

(34.13)
27.17
27.17

6 52
52

0.85
1.16
1.16

0.93
1.18
1.18

27 60
60

1,370
94,575
94,575

1,489
94,885
94,885

(7.97)
(0.33)
(0.33)

21 39
39

89290
290

28,783
28,783

28,980
28,980

(0.68)
(0.68)

38 38

288288

1,474,230
3,192,371
3,192,371

17
,172,453
1,275,548 16,156,608
873,970
1,275,548
873,970

458,706
42,760
42,760

38,318
40,476
40,476

1,691,111
,158
331,867 2,537
276,702
331,867
276,702

18.76
18.76

16.67
16.67

0 35
35

41.08
41.08

39.93
39.93

(33.35)
19.94
19.94

9.85
26.02
26.02

20 49
49

(50.52)
1.82
1.82

(56.57)
2.21
2.21

34.92
34.92

63 63

1.87
1.87

1.91
1.91

41 41

5.68
5.68

5.43
5.43

29 29

1.30
1.30

1.69
1.69

70 70

265,547
265,547

256,924
256,924

3.36
3.36

,069
297297
,069

252,321
252,321

17.73
17.73

9.65
9.65

18 18

5.01
5.01

2.10
2.10

60 60

36.43
36.43

24.84
24.84

78 78

0.97
0.97

0.92
0.92

38 38

2,248,586 2,110,268
2,110,268
2,248,586

6.55
6.55

54.20
54.20

81 81

2.82
2.82

2.54
2.54

45 45

11.13
11.13

11.75
11.75

40 40

1.68
1.68

5.92
5.92

78 78

1,229,660
1,229,660

1,315,003
1,315,003

(6.49)
(6.49)

26 26

283283

20.98
20.98

27.00
27.00

53 53

13.14
13.14

9.05
9.05

80 80

18.99
18.99

15.59
15.59

55 55

0.96
0.96

1.011.01

37 37

1,117
1,117

1,156
1,156

(3.38)
(3.38)

31 31

277277

282,353
282,353

233,391
233,391

1,107
(26.25)
284
817817
1,107
(26.25)
11 11
The sixteenth
edition
/A
dcima sexta
edio / 284
23

43 43

Cimentos
Cimentos
de de
Moambique,
Moambique,
SASA

Indstria
Indstria

4,506,316
4,506,316

4,050,438
4,050,438

44 44

Terminal
Terminal
de de
Carvo
Carvo
da da
Matola,
Matola,
LdaLda

Transportes
Transportes
e Armazenagem
e Armazenagem

1,235,604
1,235,604

45 45

Intelec
Intelec
Holdings,
Holdings,
SASA

Servios
Servios

7,222,024
7,222,024

46 46

Banco
Banco
Comercial
Comercial
e de
e de
Investimentos
Investimentos
(BCI),
(BCI),
SASA

Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 5,191,286
5,191,286

47 47

Dataserv,
Dataserv,
LdaLda

39 39

7,883,888
7,883,888

6,403,338
6,403,338

23.12
23.12

2,815,250
2,815,250 2,508,693
2,508,693

1,228,988
1,228,988

0.54
0.54

22 22

3,192,371
3,192,371

2,370,365
2,370,365

34.68
34.68

1,209,423
1,209,423

595,408
595,408

5,853,024
5,853,024

23.39
23.39

64 64

8,669,116
8,669,116

7,163,468
7,163,468

21.02
21.02

5,328,052
5,328,052 4,934,087
4,934,087

4,371,027
4,371,027

18.77
18.77

56 56 82,167
,820
82,167
,820 68,094,227
68,094,227

20.67
20.67

6,209,921
,549
6,209,921 5,197
5,197
,549

27.72
27.72

348,717
348,717

334,969
334,969

4.10
4.10

26 26

175,263
175,263

137137
,227
,227

1,309,503
1,309,503

1,143,261
1,143,261

14.54
14.54

201,628
201,628

197197
,250
2.22
,250Net
2.22
Net
Assets
Assets

BIM
BIM
- Banco
- Banco
Internacional
Internacional
de de
Moambique,
Moambique,
SASA

Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 8,039,551
8,039,551

7,459,047
7,459,047

7.78
7.78

Vol.
Vol.
dede
Neg.
Neg.
50 50
Revenues
Revenues
3 3
(10(10
Meticais)
Meticais)

Rank
Rank Empresa
Empresa
48 48 Gespetro,
Gespetro,
SARL
SARL
Company
Company
49 49

11.26
11.26

Comrcio
Comrcio

Sector
Sector
dede
Actividade
Actividade
Comrcio
Comrcio
Activity
Activity

3,026,391
3,026,391
2013
2013

Activo
Activo
Lquido
Lquido
3 3
(10(10
Meticais)
Meticais)

32 32 85,428,239
85,428,239 70,646,624
70,646,624

43,124
43,124

41,289
41,289

12.22
12.22

35.71
35.71

65 65

8.98
8.98

8.74
8.74

75 75

15.20
15.20

15.13
15.13

47 47

0.86
0.86

0.88
0.88

103.13
103.13

37.88
37.88

68 68

49.00
49.00

25.69
25.69

100100

67.09
67.09

64.32
64.32

94 94

0.45
0.45

7.98
7.98

61.46
61.46

88 88

5.53
5.53

7.507.50

63 63

7.787.78

10.15
10.15

35 35

0.87
0.87

19.48
19.48

7.567.56

13 13

27.36
27.36

29.59
29.59

92 92

24.91
24.91

28.05
28.05

63 63

4.44
4.44

24.61
24.61

46 46

4.25
4.25

3.08
3.08

54 54

35.15
35.15

23.62
23.62

0.70
0.70

0.77
0.77
Profits/Revenue
Profits/Revenue

25 25

22.01
22.01

97 97

25.19
25.19

26.92
26.92

Capitais
Capitais
Prprios
Prprios

42,760
40,476
5.64
42,760 Shareholdersfunds
40,476
5.64
Shareholdersfunds
3 3
(10(10
Meticais)
Meticais)

20.92
20.92 14,238,022
14,238,022 11,988,914
11,988,914

18.76
18.76

(14.37)
(14.37)

16 16

307307

7,538
7,538

(11.08)
(11.08)

20 20

300300

0.84
0.84

1.21
1.21

24 24

2,578
2,578

2,422
2,422

6.44
6.44

51 51

299299

77 77

1.18
1.18

1.23
1.23

62 62

5,535
5,535

5,726
5,726

(3.33)
(3.33)

33 33

298298

22.45
22.45 S/hs
S/hs
Funds
Funds 60 60

1.121.12

1.20
1.20

Liquidez
Liquidez
Geral
Geral
Current
Current
Ratio
Ratio53 53

4,762
4,762

4,219
4,219

12.88
12.88 perper
65 65
Revenue
Revenue
Employee
Employee

VNVN
por
por
Trabalhador
Trabalhador

Melhores
Melhores
295
295
dede
2012
2012

64 64

0.67
0.67

0.71
0.71

16 16

3,475
3,475

3,295
3,295

5.48
5.48

47 47

291291

(%)(%)

873,970
873,970
2012
2012

45.95
45.95
%13/12
%13/12

331,867
331,867
2013
2013

276,702
19.94
276,702
19.94
2012 %13/12
%13/12
2012

26.02
26.02
2013
2013

49 49
Pontuao
Pontuao

1.82
1.82
2013
2013

2.21
2.21
2012
2012

39 39
Pontuao
Pontuao

18.13
18.13
2013
2013

27
.17
27
.17
2012
2012

52 52
Pontuao
Pontuao

1.16
1.16
2013
2013

1.18
1.18
2012
2012

60 60
Pontuao
Pontuao

94,575
94,575
2013
2013

94,885
94,885
2012
2012

(0.33)
(0.33)
%13/12
%13/12

39 39
Pontuao
Pontuao

290
290
Pomtuao
Pomtuao
Final
Final

46.40
46.40
71.85
71.85

265,547
265,547
233,568
233,568

256,924
256,924
182,749
182,749

3.36
3.36
27
.81
27
.81

34.92
34.92
44.08
44.08

63
74 63
74

1.87
1.87
41.90
41.90

1.91
1.91
35.33
35.33

41 41
99
99

5.68
5.68
79.66
79.66

5.43
5.43
65.91
65.91

29 29
98
98

1.30
1.30
4.32
4.32

1.69
1.69
1.65
1.65

70
70 94
94

28,783
28,783
11,813
11,813

28,980
28,980
9,863
9,863

(0.68)
(0.68)
19.78
19.78

38 77
38
77

288288
536
536

1,996,310
1,996,310
377
,694
377
,694

1,495,107
1,495,107
310,309
310,309

33.52
33.52
21.72
21.72

79
79
62 62

3,079,429
3,079,429
455,104
455,104

2,302,178
2,302,178
332,143
332,143

33.76
33.76
37.02
37.02

297
,069
297
,069
412,654
412,654

252,321
252,321
281,612
281,612

17.73
17.73
46.53
46.53

9.65
9.65
90.67
90.67

18100
18
100

5.01
5.01
34.70
34.70

2.10
2.10
37
.48
37
.48

60 60
95
95

36.43
36.43
37.75
37.75

24.84
24.84
45.88
45.88

78 78
80
80

0.97
0.97
7.99
7.99

0.92
0.92
4.82
4.82

38
38 98
98

817
817
2,020
2,020

1,107
1,107
1,682
1,682

(26.25)
(26.25)
20.09
20.09

11 78
11
78

284
513284
513

8,607
,617
8,607
,617
4,171,989
4,171,989

9,205,023
9,205,023
3,266,935
3,266,935

(6.49)
(6.49)
27.70
27.70

13 70
13
70

4,148,665
4,148,665
3,294,694
3,294,694

4,112,463
4,112,463
2,561,332
2,561,332

0.88
0.88
28.63
28.63

2,248,586
2,110,268
2,248,586
2,110,268
2,269,913 1,543,034
1,543,034
2,269,913

6.55
6.55
47
.11
47
.11

54.20
54.20
68.90
68.90

81 94
81
94

2.82
2.82
31.58
31.58

2.54
2.54
25.82
25.82

45 45
93
93

11.13
11.13
69.10
69.10

11.75
11.75
60.89
60.89

40 40
95
95

1.68
1.68
2.94
2.94

5.92
5.92
2.25
2.25

78
78 87
87

1,229,660
1,229,660
7,024
7,024

1,315,003
1,315,003
6,055
6,055

(6.49)
(6.49)
15.99
15.99

26 71
26
71

283
510283
510

(0.09)
372,957
372,957
(0.09)
246,752
246,752 122.79
122.79

21
21
97 97

1,045,855
1,045,855
2,788,119
2,788,119

967
,491
967
,491
1,570,868
1,570,868

8.10
8.10
77
.49
77
.49

20.98
20.98
188.48
188.48

27.00
27.00
16.64
16.64

53 34
53
34

13.14
13.14
33.08
33.08

9.05
9.05
23.73
23.73

80 80
94
94

18.99
18.99
58.19
58.19

15.59
15.59
48.17
48.17

55 55
89
89

0.96
0.96
5.47
5.47

1.01
1.01
8.96
8.96

37
37 96
96

1,117
1,117
7,480
7,480

1,156
1,156
4,446
4,446

(3.38)
(3.38)
68.23
68.23

31 96
31
96

277277
506
506

5.99
5.99
39.88
39.88

28
28 44,063,370
44,063,370
42,400,315
66,287 42,400,315
47,718
85 85
66,287
47,718

3.92
3.92
38.91
38.91

91 91
19.23
19.23
71
71 104.00
104.00

42.04
42.04
33.70
33.70

86
81,101,999
86 105,106,630
105,106,630
81,101,999
24,433,611 21,364,186
21,364,186
80 80
24,433,611

29.60
,949)
,420,705)
29.60
(29,037
,949)(17
(17
,420,705)
14.37 (29,037
11,893,454
11,531,868
14.37
11,893,454
11,531,868

Servios
Servios
Transportes
Transportes
e Armazenagem
e Armazenagem

54
4 54
4

Socremo
Socremo
- Banco
Banco
de de
Microfinanas,
Microfinanas,
SASA
LETSHEGO
LETSHEGO
- Financial
- Financial
Services
Services
Mozambique,
Mozambique,
SASA

Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros

55
5 55
5

Standard
Standard
Bank,
Bank,
SARL
SARL
Cowi
Cowi
Moambique,
Moambique,
LdaLda

Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 4,585,240
4,585,240
Servios
Servios
237
,520
237
,520

4,325,977
4,325,977
169,807
169,807

56
6 56
6

Vale
Vale
Moambique,
Moambique,
SA
SA LdaLda
Sasol
Sasol
Petroleum
Petroleum
Temane,
Temane,

Indstria
Indstria

11,460,892
11,460,892
7,714,506
7,714,506

8,068,955
8,068,955
5,769,993
5,769,993

57
7 57
7

African
African
Lda
MPDC
MPDC
-Petroleum,
Sociedade
-Petroleum,
Sociedade
deLda
de
Desenvolvimento
Desenvolvimento
do do
Porto
Porto
de de
Maputo,
Maputo,
SASA

Comrcio
Comrcio
Transportes
Transportes
e Armazenagem
e Armazenagem

1,211,762
1,211,762
2,764,549
2,764,549

916,017
916,017
2,308,068
2,308,068

32.29
32.29
19.78
19.78

78
59
59 78

310,987
310,987
2,623,742
2,623,742

151,005
151,005
2,144,856
2,144,856

58
8 58
8

Moza
Moza
Banco,
Banco,
SASA
Grindrod
Grindrod
Mozambique,
Mozambique,
LdaLda

1,197
,345
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 1,170,254
1,197
,345
Servios
Servios
1,170,254

599,795
599,795
899,657
899,657

99.63
99.63
30.08
30.08

95
95 14,820,073
14,820,073
729,458
75 75
729,458

8,689,027
8,689,027
509,629
509,629

70.56
70.56
43.14
43.14

59
9 59
9

Medis
Medis
Farmaceutica,
Farmaceutica,
LdaLda
Agrifocus,
Agrifocus,
Lda.
Lda.

Comrcio
Comrcio

362,041
362,041
648,000
648,000

310,253
310,253
538,000
538,000

16.69
16.69
20.45
20.45

53
53
60 60

249,766
249,766
596,000
596,000

215,527
215,527
486,000
486,000

15.89
15.89
22.63
22.63

39,472
39,472
385,000
385,000

32,895
32,895
321,000
321,000

60
10 60
10

Tropigalia,
Tropigalia,
LdaLda
CONSULTEC
CONSULTEC
- Consultores
- Consultores
Associados,
Associados,
LdaLda

Comrcio
Comrcio
Servios
Servios

500,544
500,544
255,581
255,581

396,412
396,412
202,959
202,959

26.27
26.27
25.93
25.93

69
69
68 68

- 202,727
202,727

178,084
178,084
169,841
169,841

- 19.36
19.36

65,880
65,880
55,569
55,569

58,499
58,499
47,547
47,547

61
11 61
11

EDM
EDM
- Electricidade
- Electricidade
Moambique,
Moambique,
E.PE.P
. .
Intermetal,
Intermetal,
SASA de de

Servios
Servios
Comrcio
Comrcio

10,205,956
10,205,956
258,089
258,089

8,723,552
8,723,552
199,667
199,667

16.99
16.99
29.26
29.26

54
43,578,153
38,516,805
74 43,578,153
145,892 38,516,805
114,354
74 54
145,892
114,354

13.14
13.14
18,532,151
18,394,536
27.58 18,532,151
90,767 18,394,536
73,148
27.58
90,767
73,148

62
12 62
12

Unicomo
Unicomo
Moambique,
Moambique,
Lda
Seguradora
Seguradora
Internacional
Internacional
deLda
de
Moambique
Moambique
(SIM),
(SIM),
SASA

1,093,426
Comrcio
Comrcio
1,093,426
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 2,368,000
2,368,000

977
977
,416
,416
1,986,000
1,986,000

11.87
11.87
19.23
19.23

40
40
57 57

34.86
34.86
8.24
8.24

63
13 63
13

Lalgy
Lalgy
Truck
Truck
Sales,
Sales,
Lda
Lda e Construes
Teixeira
Teixeira
Duarte
Duarte
Engenharia
Engenharia
e Construes
Moambique,
Moambique,
LdaLda

Comrcio
Comrcio
Construo
Construo

272,181
272,181
1,942,184
1,942,184

365,369
365,369
(25.51)
1,257
1,257
,087
,087 (25.51)
54.50
54.50

5 91
5
91

288,946
288,946
2,557
,977
2,557
,977

265,757
265,757
2,679,158
2,679,158

8.73
8.73
(4.52)
(4.52)

109,996
109,996
900,387
900,387

64
14 64
14

Malala
Malala
Investment
Investment
Group,
Group,
Global
Global
Alliance
Alliance
Seguros,
Seguros,
SALda
SALda

312,928
Comrcio
Comrcio
312,928
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 2,470,202
2,470,202

100,981
100,981 209.89
209.89
1,800,450
1,800,450
37.20
37
.20

100
83
83100

16,441
16,441
1,669,942
1,669,942

5,705
5,705
1,066,572
1,066,572

188.19
188.19
56.57
56.57

(153)
(153)
456,213
456,213

65
15 65
15

Manica
Manica
Freight
Freight
Services
Services
(Mo),
(Mo),
SA
SA
Hidroelctrica
Hidroelctrica
de
de
Cahora
Cahora
Bassa,
Bassa,
SARL
SARL

Transportes
Transportes
e Armazenagem
Indstria
Indstria e Armazenagem

3,393,796
3,393,796
9,110,774
9,110,774

(0.98)
184,503
154,696
(0.98) 43,239,608
184,50341,660,405
154,696
(2.49)
43,239,608
41,660,405
(2.49)

66
16 66
16

Mota
Mota
- Engil
- Engil
Eng.
Eng.
Construo
Construo
frica,
frica,
SASA
Companhia
Companhia
Moambicana
Moambicana
de de
Hidrocarbonetos,
Hidrocarbonetos,
SASA

Construo
Construo
Indstria
Indstria

6,699,685
6,699,685
2,237
,464
2,237
,464

67
17 67
17

Business
Business
Connexion
Connexion
Mozambique,
Mozambique,
Lda
Emose
Emose
- Empresa
- Empresa
Moambicana
Moambicana
deLda
de
Seguros,
Seguros,
SASA

281,151
Servios
Servios
281,151
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 4,340,000
4,340,000

68
18 68
18

Aeroportos
Aeroportos
de
de
Moambique,
Moambique,
E.P
E.P
. .
CIMBETO
CIMBETO
- Cimpor
- Cimpor
Beto
Beto
Moambique,
Moambique,
SASA

Transportes
Transportes
e Armazenagem
e Armazenagem
Indstria
Indstria

1,346,020
1,346,020
846,819
846,819

1,045,097
1,045,097
544,575
544,575

69
19 69
19

Premier
Premier
Group,
Group,
LdaLdaCompanhia
Hollard
Hollard
Moambique
Moambique
Companhia
de de
Seguros
Seguros
, SARL
, SARL

Comrcio
Comrcio
1,052,802
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 1,052,802
1,057
,622
1,057
,622

692,969
692,969
807
807
,429
,429

70 20
70
20

KPMG
KPMG
Auditores
Auditores
e Consultores,
e Consultores,
SASA
DHL
DHL
Moambique,
Moambique,
Lda
Lda

Servios
Servios
Transportes
Transportes
e Armazenagem
e Armazenagem

503,374
503,374
500,078
500,078

439,619
439,619
361,906
361,906

71 21
71
21

Hoteis
Hoteis
Polana,
Polana,
SAAlgodoeira
SAAlgodoeira
SAN
SAN
- Sociedade
- Sociedade
do do
Niassa
Niassa
- JFS,
- JFS,
SARL
SARL

Alojamento,
Alojamento,
e Similares
Agricultura
Agricultura
e Restaurao
Pescas
e Restaurao
Pescas e Similares

72 22
72
22

BPPetrogal
BP
Moambique,
Moambique,
LdaLda
Petrogal
Moambique,
Moambique,
LdaLda

Comrcio
Comrcio

73
23 73
23

BancABC,
SA
SA
ESBancABC,
ES
Contact
Contact
Center
Center
Moambique
Moambique
(ex.Select
(ex.Select
Vedior
Vedior
Moambique)
Moambique)

Actividades
Actividades
Financeiras
e de
e de
Seguros
Seguros
Servios
Servios Financeiras

74 24
74
24

Hariche
Hariche
Group,
Group,
LdaLda
EMOCIL
EMOCIL
, Lda
, Lda

Comrcio
Comrcio
Construo
Construo

75 25
75
25

Transportes
Transportes
Lalgy,
LdaLda de de
CFM
CFM
- Portos
- Portos
eLalgy,
Caminhos
e Caminhos
Ferro
Ferro
de de
Moambique,
Moambique,
E.PE.P
. .

Transportes
Transportes
e Armazenagem
e Armazenagem

1,755,563
1,755,563
8,272,802
8,272,802

1,541,742
1,541,742
6,649,948
6,649,948

76 26
76
26

LAM
LAM
- Linhas
Linhas
Areas
Areas
de
de
Moambique,
Moambique,
SAServices,
SA
MAHS
MAHS
- -Mozambique
- Mozambique
Airport
Airport
Handling
Handling
Services,
LdaLda

Transportes
Transportes
e Armazenagem
e Armazenagem

5,297
,078
5,297
,078
296,799
296,799

77 27
77
27

Salvor
Salvor
Hoteis
Hoteis
Moambique,
Moambique,
SARL
SARL
Tecnel
Tecnel
Service,
Service,
Lda
Lda

Alojamento,
Alojamento,
Restaurao
Restaurao
e Similares
e Similares
Servios
Servios

268,990
268,990
523,411
523,411

78 28
78
28

Mega
Mega
- Distribuio
- Lda
Distribuio
Moambique,
Moambique,
SASA
Construa,
Construa,
Lda de de

Comrcio
Comrcio

79 29
79
29

Teledata
Teledata
de
de
Moambique,
Moambique,
LdaLda SASA
Mozre
Mozre
- Moambique
- Moambique
Resseguros,
Resseguros,

Comunicaes
Comunicaes
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros

287
,355
287
,355
480,632
480,632

299,561
299,561
412,102
412,102

(4.07)
(4.07)
16.63
16.63

15 52
15
52

80 30
80
30

Topack
Topack
Moambique,
Moambique,
SARL
SARL
Mozambique
Mozambique
Leaf
Leaf
Tobacco,
Tobacco,
LdaLda

Indstria
Indstria
Agricultura
Agricultura
e Pescas
e Pescas

303,065
303,065
6,508,039
6,508,039

257
257
,793
,793
5,868,252
5,868,252

17.56
17.56
10.90
10.90

55
55
37 37

81
31 81
31

CMA
CMA
CGM
CGM
Mozambique,
Mozambique,
Lda
Lda
Moambique
Moambique
Car
Car
Rental,
Rental,
Lda
Lda

Transportes
Transportes
e Armazenagem
Servios
Servios e Armazenagem

1,060,638
1,060,638
510,157
510,157

1,400,970
1,400,970
(24.29)
465,470
465,470 (24.29)
9.60
9.60

6 35
6
35

82 32
82
32

Globe
Globe
Musica,
Musica,
LdaLda
Somotor,
Somotor,
SARL
SARL

Comrcio
Comrcio

2,425,746
2,425,746
384,218
384,218

2,865,570
2,865,570
(15.35)
357
357
,997
,997 (15.35)
7.32
7.32

7 30
7
30

83 33
83
33

Mozal,
Mozal,
SARL
SARL
Total
Total
Moambique,
Moambique,
SARL
SARL

Indstria
Indstria
Comrcio
Comrcio

32,261,000
32,261,000
6,033,647
6,033,647

34,640,000
34,640,000
4,723,996
4,723,996

84 34
84
34

Telecomunicaes
Telecomunicaes
de
de
Moambique,
Moambique,
SASA
FNB
FNB
- First
- First
National
National
Bank
Bank
Moambique,
Moambique,
SASA

Comunicaes
Comunicaes
3,140,772
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 3,140,772
791,262
791,262

3,239,631
3,239,631
512,402
512,402

(3.05)
(3.05)
54.42
54.42

18 90
18 12,570,842
12,570,842
11,088,572
8,029,099 11,088,572
5,807
,154
90
8,029,099
5,807
,154

85 35
85
35

Ferpinta
Ferpinta
Moambique,
SA
SA SARL
MEX
MEX
- Moambique
-Moambique,
Moambique
Expresso,
Expresso,
SARL

Indstria
Indstria
Transportes
Transportes
e Armazenagem
e Armazenagem

534,663
534,663
818,864
818,864

437
,543
437
,543
565,552
565,552

22.20
22.20
44.79
44.79

63
63
87 87

661,053
661,053
471,644
471,644

706,764
706,764
102,143
102,143

(6.47)
(6.47)
361.75
361.75

4,539
4,539
78,071
78,071

55,656
55,656
72,936
72,936

86 36
86
36

Entreposto
Entreposto
Comercial
Comercial
de
de
Moambique,
Moambique,
SARL
SARL
G4S
G4S
Secure
Secure
Solutions,
Solutions,
Lda
Lda

Comrcio
Comrcio
Servios
Servios

1,497
,376
1,497
,376
1,403,117
1,403,117

1,552,200
1,552,200
1,252,573
1,252,573

(3.53)
(3.53)
12.02
12.02

17 41
17
41

2,855,524
2,855,524
1,000,211
1,000,211

2,791,309
2,791,309
896,411
896,411

2.30
2.30
11.58
11.58

849,813
849,813
206,192
206,192

843,513
843,513
121,268
121,268

0.75
0.75
70.03
70.03

87 37
87
37

Banco
Banco
nico,
nico,
SA
SA
Cervejas
Cervejas
de
de
Moambique,
Moambique,
SARL
SARL

613,488
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 9,851,983
613,488
Indstria
Indstria
9,851,983

241,333
241,333 154.21
154.21
9,062,322
9,062,322
8.71
8.71

98
98
34 34

8,957
,898
8,957
,898
9,303,810
9,303,810

6,879,165
6,879,165
7,754,453
7,754,453

30.22
30.22
19.98
19.98

935,841
935,841 1,033,951
1,033,951
5,590,971
5,140,039
5,590,971
5,140,039

88 38
88
38

Corredor
Corredor
de
Desenvolvimento
Desenvolvimento
Norte
Norte
(CDN),
(CDN),
SARL
SARL
Toyota
Toyota
dede
de
Moambique,
Moambique,
SASA do do

Transportes
Transportes
e Armazenagem
e Armazenagem
Comrcio
Comrcio

754,490
754,490
2,937
,366
2,937
,366

1,186,642
1,186,642
(36.42)
2,417
2,417
,651
,651 (36.42)
21.50
21.50

3 61
3
61

5,565,059
5,565,059
2,303,609
2,303,609

1,174,528
1,174,528
2,185,715
2,185,715

373.81
373.81
5.39
5.39

89
39 89
39

Portos
Portos
do do
Norte,
Norte,
SA
SA
Coca-Cola
Coca-Cola
Sabco
Sabco
(Moambique),
(Moambique),
SASA

Servios
Servios
Indstria
Indstria

898,924
898,924
4,320,590
4,320,590

- 3,895,490
3,895,490

- 10.91
10.91

0 38
0
38

445,540
445,540
3,665,781
3,665,781

- 2,694,567
2,694,567

- 36.04
36.04

90 40
90
40

Transportes
Transportes
Carlos
Carlos
Mesquita,
Mesquita,
LdaLda
TCNICA
TCNICA
Industrial,
Industrial,
SA
SA

Transportes
Transportes
e Armazenagem
e Armazenagem
Comrcio
Comrcio

385,525
385,525
1,045,921
1,045,921

386,788
386,788
631,461
631,461

(0.33)
(0.33)
65.64
65.64

20
20
93 93

374,950
374,950
425,051
425,051

430,775
430,775
209,302
209,302

(12.96)
(12.96)
103.08
103.08

58,176
58,176
100,888
100,888

50,010
50,010
89,256
89,256

91 41
91
41

Turvisa
Turvisa
- -Empreendimentos
- -Empreendimentos
Tursticos,
Televisa
Televisa
Sociedade
Sociedade
Tcnica
Tcnica
deTursticos,
de
Obras
Obras
eLda
Projectos,
eLda
Projectos,
LdaLda

498,045
Alojamento,
Alojamento,
Restaurao
Restaurao
e Similares
e Similares 1,056,556
498,045
Servios
Servios
1,056,556

479,003
479,003
774,269
774,269

3.98
3.98
36.46
36.46

25
25
82 82

1,301,993
1,301,993
1,099,061
1,099,061

1,169,333
1,169,333
1,067
,023
1,067
,023

11.34
11.34
3.00
3.00

342,732
342,732
77,451
77
,451

326,260
326,260
67,805
67
,805

92 42
92
42

TVAvenida
TV
Cabo
Cabo
Comunicao
Comunicao
Multimdia,
Multimdia,
Lda
Avenida
--Empreendimentos
--Empreendimentos
Tursticos
Tursticos
eLda
Hoteleiros,
e Hoteleiros,
LdaLda

Comunicaes
Comunicaes
Alojamento,
Alojamento,
Restaurao
Restaurao
e Similares
e Similares

662,931
662,931
238,970
238,970

532,504
532,504
262,828
262,828

24.49
24.49
(9.08)
(9.08)

66
9
9 66

1,078,281
1,078,281
462,384
462,384

766,326
766,326
444,963
444,963

40.71
40.71
3.92
3.92

105,512
105,512
206,035
206,035

93 43
93
43

PETROMOC
PETROMOC
-Moambique,
Petrleos
-Moambique,
Petrleos
de de
Moambique,
SASA
Cimentos
Cimentos
de de
SAMoambique,
SA

Comrcio
Comrcio
Indstria
Indstria

18,826,026
18,826,026
4,506,316
4,506,316

16,801,308
16,801,308
4,050,438
4,050,438

12.05
12.05
11.26
11.26

42
,660
42 15,400,283
15,400,283
12,267
,660
7,883,888 12,267
6,403,338
39 39
7,883,888
6,403,338

25.54
25.54
23.12
23.12

94 44
94
44

Banco
Banco
Procredit,
Procredit,
SAda
SAda
Terminal
Terminal
de
de
Carvo
Carvo
Matola,
Matola,
LdaLda

419,880
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 1,235,604
419,880
Transportes
Transportes
e Armazenagem
e Armazenagem
1,235,604

435,592
435,592
1,228,988
1,228,988

(3.61)
(3.61)
0.54
0.54

16 22
16
22

(1.17)
(1.17)
34.68
34.68

201,456
201,456
1,209,423
1,209,423

95 45
95
45

mCel
mCel
- Moambique
- Moambique
Celular,
Celular,
SASA
Intelec
Intelec
Holdings,
Holdings,
SASA

Comunicaes
Comunicaes
Servios
Servios

8,192,669
8,192,669
7,222,024
7,222,024

9,014,153
9,014,153
5,853,024
5,853,024

(9.11)
(9.11)
23.39
23.39

8 64
8 14,690,252
14,690,252
12,571,621
8,669,116 12,571,621
7,163,468
64
8,669,116
7,163,468

16.85
16.85
21.02
21.02

96 46
96
46

C.M.C.
C.M.C.
Africa
Africa
Austral,
Austral,
Lda
Banco
Banco
Comercial
Comercial
e de
e Lda
de
Investimentos
Investimentos
(BCI),
(BCI),
SASA

Construo
Construo
3,633,430
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 3,633,430
5,191,286
5,191,286

3,658,150
3,658,150
4,371,027
4,371,027

(0.68)
(0.68)
18.77
18.77

19 56
22,874,155
19 21,636,432
21,636,432
22,874,155
82,167
,820 68,094,227
68,094,227
56
82,167
,820

(5.41)
(5.41)
20.67
20.67

97
47 97
47

guas
guas
da da
Regio
Regio
Maputo,
Maputo,
SASA
Dataserv,
Dataserv,
Lda
Lda de de

Servios
Servios
Comrcio
Comrcio

1,141,140
1,141,140
348,717
348,717

1,124,317
1,124,317
334,969
334,969

1.50
1.50
4.10
4.10

23
26
26 23

1,195,044
1,195,044
175,263
175,263

1,048,667
1,048,667
137
,227
137
,227

13.96
13.96
27.72
27.72

98 48
98
48

Empresa
Empresa
Municipal
Municipal
Transportes
Transportes
Pblicos
Pblicos
de de
Maputo,
Maputo,
E.PE.P
. .
Gespetro,
Gespetro,
SARL
SARL de de

Transportes
Transportes
e Armazenagem
e Armazenagem
Comrcio
Comrcio

490,743
490,743
1,309,503
1,309,503

951,703
951,703 (48.44)
(48.44)
1,143,261
1,143,261
14.54
14.54

2 50
2
50

750,073
750,073
201,628
201,628

928,227
928,227
197
,250
197
,250

(19.19)
(19.19)
2.22
2.22

38,318
38,318
40,476
40,476

99 49
99
49

Servitrade
Servitrade
Servios
Servios
Investimentos
Investimentos
e Trading,
e Trading,
Lda
Lda
BIM
BIM
- Banco
- Banco
Internacional
Internacional
de de
Moambique,
Moambique,
SA
SA

1,274,567
Construo
Construo
1,274,567
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 8,039,551
8,039,551

1,153,647
1,153,647
7,459,047
7,459,047

10.48
10.48
7.78
7.78

36
2,682,190
2,320,801
36 85,428,239
2,682,190 70,646,624
2,320,801
85,428,239
70,646,624
32 32

15.57
n.dn.d 11,988,914
n.dn.d
15.57 14,238,022
20.92
14,238,022
11,988,914
20.92
6.29
6.29
45.95
45.95

791,529
791,529
395,736
395,736

372,623
372,623
549,750
549,750

551,696
551,696
5,569,000
5,569,000

409,103
409,103
5,145,000
5,145,000

105.94
105.94
22.33
22.33

282,353
282,353
464,070
464,070

233,391
233,391
160,866
160,866

6,779,501
9.63
6,779,501
6,183,818
9.63
37,660 6,183,818
(1,183) 3283.43
3283.43
37,660
(1,183)

97,720
97,720
1,391,598
1,391,598

15.39
15.39
56.81
56.81

30 84
30
84

27
.18
27
.18
7.99
7.99

28.75
28.75
(13.19)
(13.19)

21.84
21.84
(230.89)
(230.89)

57100
57
100

0.84
0.84
3.78
3.78

0.88
0.88
1.62
1.62

26
26 93
93

4,562
4,562
3,345
3,345

4,469
4,469
2,878
2,878

2.09
2.09
16.24
16.24

44 72
44
72

276505
276
505

(66.69)
(66.69)
3.14
3.14

(27
.63)
(27
.63)
48.68
48.68

4 78
4
78

(101.36)
(101.36)
41.24
41.24

(197
(197
.09)
.09)
43.02
43.02

2 98
2
98

50.01
50.01
27.16
27.16

182.58
182.58
23.29
23.29

85 85
68
68

3.62
3.62
3.48
3.48

1.91
1.91
3.76
3.76

91
91 89
89

5,384
5,384
41,144
41,144

8,349
8,349
31,703
31,703

(35.50)
(35.50)
29.78
29.78

7 89
7
89

275275
502
502

29.69
29.69
85.05
85.05

31.42
31.42
53.04
53.04

60 60
79
79

1.55
1.55
23.14
23.14

1.40
1.40
25.62
25.62

34
88 34
88

21.66
21.66
59.67
59.67

18.74
18.74
132.23
132.23

59
90 59
90

0.24
0.24
1.23
1.23

0.44
0.44
0.96
0.96

4
4 66
66

20,196
20,196
5,574
5,574

20,585
20,585
4,392
4,392

(1.89)
(1.89)
26.90
26.90

35
35
87 87

270
469270
469

2.18
2.18
94.19
94.19

9.12
9.12
74.68
74.68

16 96
16
96

1.86
1.86
21.16
21.16

(11.23)
(11.23)
19.92
19.92

40 40
87
87

1.66
1.66
60.00
60.00

(5.87)
(5.87)
103.96
103.96

19 91
19
91

0.64
0.64
3.62
3.62

0.73
0.73
2.52
2.52

14
14 92
92

3,143
3,143
61,592
61,592

2,563
2,563
78,231
78,231

22.60
22.60
(21.27)
(21.27)

82
14 82
14

266266
455
455

19.99
19.99
19.94
19.94

15.80
15.80
64.60
64.60

32 92
32
92

1.82
1.82
9.88
9.88

2.31
2.31
12.08
12.08

38 38
77
77

18.18
18.18
18.13
18.13

24.45
24.45
22.38
22.38

54 54
53
53

0.97
0.97
2.65
2.65

1.08
1.08
2.74
2.74

39
39 84
84

4,702
4,702
9,257
9,257

4,432
4,432
7,173
7,173

6.08
6.08
29.05
29.05

50 88
50
88

266266
454
454

12.62
12.62
16.87
16.87

27.41
27-.41-

0 56
0
56

1.47
1.47
8.75
8.75

0.79
0.79
6.42
6.42

33 33
73
73

11.87
11.87
43.36
43.36

5.56
5.56
30.21
30.21

41 41
81
81

1.40
1.40
1.25
1.25

1.68
1.68
3.17
3.17

74
74 68
68

2,902
2,902
4,524
4,524

2,743
2,743
1,961
1,961

5.77
5.77
130.68
130.68

49 99
49
99

266266
445
445

0.75
0.75
24.09
24.09

42.53
42.53
62.22
62.22

72 89
72
89

(0.67)
(0.67)
9.14
9.14

1.20
1.20
7.70
7.70

15
76 15
76

(0.37)
(0.37)
28.79
28.79

0.69
0.69
23.47
23.47

16 71
16
71

1.03
1.03
3.54
3.54

1.12
1.12
2.57
2.57

42
42 90
90

2,929
2,929
3,019
3,019

2,594
2,594
2,980
2,980

12.93
12.93
1.29
1.29

66 42
66
42

265265
442
442

13.46
13.46
11.53
11.53

15.38
15.38
28.14
28.14

29 57
29
57

0.92
0.92
16.85
16.85

0.95
0.95
19.74
19.74

27 27
83
83

12.61
12.61
26.85
26.85

13.26
13.26
29.63
29.63

42 42
67
67

1.10
1.10
17
.94
17
.94

1.10
1.10
43.62
43.62

51
51100
100

10,171
10,171
16,164
16,164

8,612
8,612
13,556
13,556

18.11
18.11
19.23
19.23

74 76
74
76

263263
440
440

95,580
95,580
765,010
765,010

15.08
15.08
17.70
17.70

38.07
38.07
35.20
35.20

69 64
69
64

5.30
5.30
6.97
6.97

4.60
4.60
12.70
12.70

62 62
68
68

14.02
14.02
16.26
16.26

19.95
19.95
23.30
23.30

44 44
48
48

1.57
1.57
1.23
1.23

1.51
1.51
1.23
1.23

77
77 65
65

4,286
4,286
5,328
5,328

6,894
6,894
3,781
3,781

(37
.82)
(37
.82)
40.94
40.94

6 93
6
93

263263
429
429

(577)
(577)
330,062
330,062

73.48
73.48
38.22
38.22

(0.93)
(0.93)
27.32
27.32

6 55
6
55

0.14
0.14
4.97
4.97

0.35
0.35
4.40
4.40

19 59
19 (116.16)
(116.16)
59
31.21
31.21

(121.32)
(121.32)
30.65
30.65

3 74
3
74

0.89
0.89
1.27
1.27

0.87
0.87
1.25
1.25

33
33 69
69

4,535
4,535
27
,447
27
,447

1,712
1,712
21,824
21,824

164.98
164.98
25.77
25.77

100
86100
86

261261
426
426

19.27
19.27
3.79
3.79

11.81
11.81
76.40
76.40

26 26
97
97

0.30
0.30
25.36
25.36

(0.27)
(0.27)
38.50
38.50

22
90 22
90

6.01
6.01
5.44
5.44

(78.21
.47)
(78.21
.47)

30
28 30
28

1.08
1.08
2.47
2.47

0.98
0.98
3.90
3.90

49
83 49
83

8,432
8,432
27
,650
27
,650

7,125
7,125
13,084
13,084

18.34
18.34
111.32
111.32

75
75
97 97

260
422260
422

75,347
75,347
752,011
752,011

1,351,355
1,351,355
1,322,525
544,752 1,322,525
280,523
544,752
280,523

84,850
74,787
84,850
74,787
1,567
,000 1,405,000
1,405,000
1,567
,000

2,835,826
2,835,826
8,629,212
8,629,212

19.68
19.68
5.58
5.58

58
1,562,662
1,578,077
1,562,662
1,578,077
27 56,597
56,597
,935 58,044,628
58,044,628
27 58
,935

7,282,728
7,282,728
1,968,365
1,968,365

(8.01)
(8.01)
13.67
13.67

10 46
6,780,794
10 10,432,022
6,780,794
10,432,022
46

4,381,177
4,381,177
8,612,283
8,612,283

54.77
54.77
21.13
21.13

729,449
255,259
729,449 4,254,432
255,259
4,966,981
4,254,432
4,966,981

185.77
185.77
16.75
16.75

10.76
10.76
47.61
47.61

23 77
23
77

7.08
7.08
39.30
39.30

2.61
2.61
41.13
41.13

69 69
96
96

96.31
96.31
19.07
19.07

134.90
134.90
21.82
21.82

99 99
56
56

1.08
1.08
6.61
6.61

1.03
1.03
10.33
10.33

48
48 97
97

6,009
6,009
106,546
106,546

9,283
9,283
100,942
100,942

(35.27)
(35.27)
5.55
5.55

8 48
8
48

257257
420
420

14 96
14
96

203,395
203,395
7,700,000
7,700,000

204,295
204,295
5,484,000
5,484,000

(0.44)
(0.44)
40.41
40.41

109,381
101,795
109,381 1,813,000
101,795
2,098,000
1,813,000
2,098,000

7.45
7.45
15.72
15.72

53.78
53.78
27.25
27.25

80 54
80
54

2.70
2.70
3.43
3.43

0.94
0.94
3.69
3.69

44 44
51
51

.18
.187.62
7.62

5.53
5.53
4.20
4.20

33 33
34
34

2.06
2.06
2.20
2.20

1.90
1.90
1.76
1.76

80
80 81
81

3,514
3,514
13,252
13,252

7,849
7,849
5,824
5,824

(55.22)
(55.22)
127
.54.54
127

4
4 98
98

255
414255
414

28.79
28.79
55.50
55.50

73
73 12,944,202
12,944,202
493,080
92 92
493,080

11,717
,338
11,717
,338
340,105
340,105

10.47
10.47
44.98
44.98

774,332
774,332
132,758
132,758

953,413
953,413
95,977
95,977

(18.78)
(18.78)
38.32
38.32

5.98
5.98
26.92
26.92

11 52
11
52

(12.45)
(12.45)
4.34
4.34

(172.49
.58)
(172.49
.58)

8 (19.40)
(19.40)
8 57
57
32.16
32.16

(17
.49)
(17
.49)
13.68
13.68

7
7 75
75

1.55
1.55
1.03
1.03

1.68
1.68
0.94
0.94

76
76 44
44

1,702
1,702
13,442
13,442

1,412
1,412
10,085
10,085

20.49
20.49
33.29
33.29

79
79 91
91

254
411254
411

51.93
51.93
30.99
30.99

89
89
77 77

927
,748
927
,748
1,926,151
1,926,151

766,778
766,778
1,295,917
1,295,917

20.99
20.99
48.63
48.63

87
,794
87,794
376,230
376,230

13,514
13,514
281,736
281,736

549.65
549.65
33.54
33.54

9.46
9.46
19.53
19.53

17 38
17
38

0.81
0.81
8.91
8.91

0.49
0.49
12.48
12.48

26
74 26
74

16.86
16.86
28.65
28.65

28.80
28.80
45.32
45.32

50 50
70
70

0.49
0.49
3.24
3.24

0.45
0.45
3.28
3.28

8
8 88
88

1,801
1,801
18,235
18,235

1,634
1,634
16,821
16,821

10.21
10.21
8.40
8.40

62
62 58
58

252252
405
405

14.50
14.50
38.18
38.18

49
49
84 84

219,186
219,186
322,605
322,605

196,770
196,770
188,734
188,734

11.39
11.39
70.93
70.93

40,434
40,434
78,008
78,008

42,697
42,697
50,074
50,074

(5.30)
(5.30)
55.79
55.79

18.45
18.45
24.18
24.18

37 45
37
45

(0.45)
(0.45)
5.59
5.59

2.35
2.35
(2.98)
(2.98)

17
17 64
64

(5.44)
(5.44)
43.63
43.63

27.50
27
.50
(18.47)
(18.47)

13
13 82
82

1.17
1.17
1.39
1.39

1.25
1.25
1.66
1.66

61
61 73
73

1,528
1,528
4,546
4,546

1,349
1,349
4,360
4,360

13.29
13.29
4.26
4.26

67
67 46
46

244244
394
394

134,975
134,975
185,711
185,711

105,853
105,853
96,672
96,672

27.51
27.51
92.10
92.10

11.63
11.63
63.44
63.44

25 90
25
90

6.43
6.43
18.05
18.05

(174.65
.68)
(174.65
.68)

66 66
84
84

24.18
24.18
55.31
55.31

(73.27)
(73.27)
21.45
21.45

61 61
88
88

0.37
0.37
2.89
2.89

0.51
0.51
1.27
1.27

5
5 85
85

1,202
1,202
1,297
1,297

1,120
1,120
1,648
1,648

7(21.27)
.317.31
(21.27)

52
13 52
13

242242
391
391

2,293,422
2,293,422
2,406,269
847
,656 2,406,269
715,171
847
,656
715,171

(4.69)
(4.69)
18.52
18.52

55.53
55.53
32.36
32.36

83 62
83
62

(1.89)
(1.89)
2.18
2.18

2.07
2.07
2.67
2.67

11
11 42
42

(4.80)
(4.80)
16.95
16.95

5.14
5.14
17
.87
17
.87

14
14 51
51

1.36
1.36
1.19
1.19

1.67
1.67
1.20
1.20

72
72 64
64

39,910
39,910
53,070
53,070

40,310
40,310
39,884
39,884

(0.99)
(0.99)
33.06
33.06

37
37 90
90

241241
385
385

7.75
7.75
42.13
42.13

14 71
14
71

4.28
4.28
3.15
3.15

11.00
11.00
6.76
6.76

55
48 55
48

4.46
4.46
45.69
45.69

9.79
9.79
113.29
113.29

23
83 23
83

1.04
1.04
1.79
1.79

1.06
1.06
2.06
2.06

46
79 46
79

4,033
4,033
263
263

4,190
4,190
330
330

(3.75)
(3.75)
(20.47)
(20.47)

30
15 30
15

235
384235
384

(5.74)
298,256
298,256 122.45
(5.74)
1,951,000
1,951,000
122.45

452,651
452,651
432,714
432,714

416,784
416,784
402,953
402,953

8.61
8.61
7.39
7.39

33
33
31 31

1,160,301
1,160,301
292,740
292,740

1,184,827
1,184,827
286,818
286,818

(2.07)
(2.07)
2.06
2.06

5,986,465
5,986,465
6,076,548
6,076,548

5,824,766
5,824,766
4,646,508
4,646,508

2.78
2.78
30.78
30.78

24
76
76 24

4,129,910
4,129,910
2,619,660
2,619,660

3,938,809
3,938,809
1,827
,560
1,827
,560

4.85
4.85
43.34
43.34

752,176
752,176
314,201
314,201

599,213
599,213
206,863
206,863

25.53
25.53
51.89
51.89

67
88
88 67

9,303,683
9,303,683
56,986
56,986

6,284,852
6,284,852
48,940
48,940

48.03
48.03
16.44
16.44

721,142
721,142
24,008
24,008

721,924
721,924
19,335
19,335

(0.11)
(0.11)
24.17
24.17

13.09
754,724
754,724
13.09
257
257
,420
,420 164.04
164.04

44
44
99 99

48.18
48.18
138.41
138.41

187
,502
187
,502
46,278
46,278

113,176
113,176
21,515
21,515

65.67
65.67
115.10
115.10

28.15
28.15
5.38
5.38

58
10 58
10

1.56
1.56
3.64
3.64

1.71
1.71
(19.25)
(19.25)

35 35
52
52

8.83
8.83
73.05
73.05

16.04
16.04
(460.66)
(460.66)

37 37
96
96

0.84
0.84
1.00
1.00

0.82
0.82
0.87
0.87

25
25 40
40

3,632
3,632
1,546
1,546

3,900
3,900
1,247
1,247

(6.88)
(6.88)
24.06
24.06

25
25 84
84

224224
381
381

12.15
190,560
174,107
12.15
190,560 25,627
174,107
7.42 26,992,028
26,992,028
25,627
,244
7.42
,244

9.45
9.45
5.33
5.33

14.16
14.16
66.21
66.21

28 93
28
93

0.94
0.94
20.21
20.21

0.96
0.96
20.87
20.87

28 28
86
86

9.02
9.02
6.36
6.36

8.90
8.90
5.55
5.55

38 38
31
31

0.62
0.62
2.31
2.31

0.57
0.57
3.19
3.19

12
12 82
82

2,353
2,353
1,778
1,778

2,058
2,058
1,917
1,917

14.33
14.33
(7.24)
(7.24)

69
69 24
24

223223
381
381

853,546
853,546
679,686
679,686

426,967
426,967
1,736,554
1,736,554

Barclays
Barclays
Bank
Moambique,
SASA
Petromoc
Petromoc
eBank
Sasol,
e Moambique,
Sasol,
SASA

1,194,130
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros 3,026,391
1,194,130
Comrcio
Comrcio
3,026,391

51 51

Ferro
Ferro
Moambique,
Moambique,
LdaLda

Comrcio
Comrcio

52 52

CETA
CETA
- Engenharia
- Engenharia
e Construes,
e Construes,
SASA

Construo
Construo

Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros

5,219
5,219

6,703
6,703

519,389
519,389
308,328
308,328

Construo
Construo
Transportes
Transportes
e Armazenagem
e Armazenagem

Servios
Servios

4,469
4,469

30 30

760,411
760,411
529,848
529,848

MOTRACO,
MOTRACO,
SARL
Cornelder
Cornelder
deSARL
de
Moambique,
Moambique,
SASA

Socremo
Socremo
- Banco
- Banco
de de
Microfinanas,
Microfinanas,
SASA

(%)(%)

7 7

1.131.13

1,275,548
1,275,548
2013
2013

CETA
CETA
- Engenharia
- Engenharia
e Construes,
e SARL
Construes,
Matola
Matola
Cargo
Cargo
Terminal,
Terminal,
SARL SASA

MOTRACO,
MOTRACO,
SARL
SARL

39.93
39.93

308308

47
47
94 94

53
3 53
3

54 54

41.08
41.08

0.32
0.32

Rent.
Rent.
C. C.
P. P.

54 54

51 51
Pontuao
Pontuao

52
2 52
2

53 53

35 35

7.827.82

13.81
13.81
78.33
78.33

Comrcio
Comrcio
Transportes
Transportes
e Armazenagem
e Armazenagem

24 / A dcima sexta edio / The sixteenth edition

16.67
16.67

Rent
Rent
VNVN

9,915
9,915

695,508
695,508
221,910
221,910

Comrcio
Comrcio

Ferro
Ferro
Moambique,
Moambique,
Lda
Lda
Maputo
Maputo
Car
Car
Terminal,
Terminal,
Lda
Lda

100
50100
50

Autonomia
Autonomia
42 42
Financeira
Financeira

10,691
10,691

15.98
2,609,342
2,609,342
15.98
2012
2012 %13/12
%13/12

Petromoc
Petromoc
e Sasol,
e Sasol,
SASA

51
1 51
1

502013
50
2013

21.21
21.21

28 28

666,005
666,005
860,097
860,097

449,467
449,467
360,757
360,757

13.87
13.87
24.40
24.40

48
1,345,569
48 40,764,353
1,345,569
40,764,353
65 65

1,199,755
1,199,755
37
,947
,610
37
,947
,610

4,678,313
4,678,313
232,258
232,258

13.23
13.23
27.79
27.79

45
45
72 72

4,361,038
4,361,038
195,955
195,955

4,273,113
4,273,113
244,471
244,471

2.06
2.06
(19.85)
(19.85)

905,620
905,620
125,654
125,654

874,895
874,895
117
,316
117
,316

3.51
3.51
7.11
7.11

20.77
20.77
64.12
64.12

41 91
41
91

0.58
0.58
8.11
8.11

2.79
2.79
7.00
7.00

24 24
72
72

3.45
3.45
19.80
19.80

16.11
16.11
14.82
14.82

21 21
58
58

0.86
0.86
0.69
0.69

0.87
0.87
1.00
1.00

29
18 29
18

7,327
7,327
983
983

6,641
6,641
863
863

10.33
10.33
13.82
13.82

63
63 68
68

223223
379
379

252,542
252,542
385,580
385,580

6.51
6.51
35.75
35.75

29
29
81 81

957
,759
957
,759
304,713
304,713

989,381
989,381
160,616
160,616

(3.20)
(3.20)
89.72
89.72

566,039
566,039
115,231
115,231

517119,744
,768
517
,768
119,744

9.32
9.32
(3.77)
(3.77)

59.10
59.10
37.82
37.82

85 67
85
67

0.06
0.06
1.20
1.20

(3.49)
(3.49)
3.15
3.15

18
18 29
29

0.03
0.03
5.33
5.33

(1.79)
(1.79)
11.47
11.47

17
17 27
27

0.89
0.89
1.49
1.49

1.28
1.28
3.59
3.59

32
32 75
75

796
796
8,871
8,871

789
789
6,535
6,535

0.84
0.84
35.75
35.75

40
40 92
92

221221
371
371

632,145
632,145 (32.46)
(32.46)
1,542,872
1,542,872
12.55
12.55

4 43
4
43

462,284
462,284
1,146,544
1,146,544

448,978
448,978
1,093,880
1,093,880

2.96
2.96
4.81
4.81

337
,045
337
,045
995,204
995,204

344,501
344,501
918,548
918,548

(2.16)
(2.16)
8.35
8.35

72.91
72.91
86.80
86.80

95 99
95
99

(1.75)
(1.75)
4.41
4.41

15.90
15.90
7.08
7.08

12
12 58
58

(2.19)
(2.19)
8.01
8.01

34.10
34.10
12.65
12.65

15
15 36
36

2.93
2.93
17
.38
17
.38

3.77
3.77
4.06
4.06

86
86 99
99

3,028
3,028
3,498
3,498

4,390
4,390
3,535
3,535

(31.02)
(31.02)
(1.05)
(1.05)

9
9 36
36

221221
371
371

260,495
260,495
309,909
309,909

255,640
255,640
372,108
372,108

1.90
1.90
(16.72)
(16.72)

64,818
64,818
62,659
62,659

71,950
71,950
38,726
38,726

(9.91)
(9.91)
61.80
61.80

24.88
24.88
20.22
20.22

47 39
47
39

3.35
3.35
5.28
5.28

10.11
10.11
1.44
1.44

50 50
61
61

14.07
14.07
50.04
50.04

53.35
53.35
16.07
16.07

45 45
86
86

0.90
0.90
1.16
1.16

0.84
0.84
0.91
0.91

35
35 58
58

3,229
3,229
25,296
25,296

3,366
3,366
21,690
21,690

(4.07)
(4.07)
16.63
16.63

28
28 73
73

220220
369
369

358,328
358,328
4,397
,230
4,397
,230

361,199
361,199
3,510,401
3,510,401

(0.79)
(0.79)
25.26
25.26

11,566
11,566
1,118,539
1,118,539

11,058
11,058
690,400
690,400

4.59
4.59
62.01
62.01

3.23
3.23
25.44
25.44

8 48
8
48

0.17
0.17
6.58
6.58

0.19
0.19
3.99
3.99

21 21
67
67

4.49
4.49
47
.34
47
.34

4.47
4.47
103.93
103.93

24 24
84
84

1.08
1.08
1.34
1.34

1.03
1.03
1.68
1.68

50
50 71
71

1,871
1,871
1,324
1,324

1,713
1,713
1,209
1,209

9.22
9.22
9.49
9.49

59
59 61
61

217368
217
368

436,137
436,137
668,028
668,028

418,964
418,964
705,848
705,848

4.10
4.10
(5.36)
(5.36)

37
,670
37,670
316,001
316,001

66,396
66,396
310,911
310,911

(43.26)
(43.26)
1.64
1.64

8.64
8.64
47
.30
47
.30

15
76 15
76

2.95
2.95
18.48
18.48

4.43
4.43
11.60
11.60

47
85 47
85

60.10
60.10
30.07
30.07

118.34
118.34
19.02
19.02

92
73 92
73

1.06
1.06
0.87
0.87

1.16
1.16
0.59
0.59

47
31 47
31

16,193
16,193
12,004
12,004

22,238
22,238
11,083
11,083

(27
.18)
(27
.18)
8.31
8.31

10
10 56
56

217356
217
356

39,236
39,236
265,404
265,404

28,351
28,351
310,254
310,254

38.39
38.39
(14.46)
(14.46)

6,718
6,718
83,981
83,981

4,427
4,427
62,754
62,754

51.75
51.75
33.83
33.83

17.12
17.12
31.64
31.64

36 61
36
61

0.14
0.14
7.17
7.17

0.11
0.11
7.06
7.06

20 20
70
70

60.44
60.44
37.54
37.54

137
.38
47137
.20
47.38
.20

93 93
79
79

1.15
1.15
1.24
1.24

1.10
1.101.15
1.15

57
57 67
67

121,287
121,287
3,748
3,748

318,397
318,397
3,672
3,672

(61.91)
(61.91)
2.09
2.09

3
3 43
43

216350
216
350

3.54
,000
3.54 38,077
38,077
,00038,806,000
38,806,000
(1.72)
1,319,596
1,423,551
(1.72)
1,319,596
1,423,551

(1.88)
(1.88)
(7.30)
(7.30)

79.25
79.25
43.48
43.48

98 73
98
73

(10.27)
(10.27)
3.76
3.76

(0.85)
(0.85)
7.37
7.37

9
9 53
53

(8.62)
(8.62)
16.54
16.54

(0.73)
(0.73)
24.29
24.29

9
9 49
49

1.10
1.10
0.79
0.79

1.71
1.71
1.06
1.06

52
52 21
21

25,655
25,655
71,829
71,829

26,544
26,544
59,050
59,050

(3.35)
(3.35)
21.64
21.64

32
32 81
81

212348
212
348

0.71
0.71
45.88
45.88

41.35
41.35
11.05
11.05

70 24
70
24

1.66
1.66
13.17
13.17

(172.35
.84)
(172.35
.84)

36 36
81
81

1.00
1.00
13.93
13.93

1.48
1.48
(15.59)
(15.59)

18
18 43
43

0.89
0.89
0.63
0.63

1.01
1.01
1.21
1.21

34
13 34
13

2,060
2,060
2,947
2,947

2,145
2,145
2,062
2,062

(3.97)
(3.97)
42.92
42.92

29
29 94
94

205205
345
345

(91.85)
(91.85)
7
.04
7.04

0.69
0.69
16.55
16.55

7 33
7
33

(1.67)
(1.67)
0.35
0.35

(10.12)
(10.12)
1.02
1.02

13 (29.64)
(29.64)
13 23
23
3.85
3.85

(62.64)
(62.64)
8.30
8.30

5
5 22
22

0.83
0.83
4.93
4.93

0.93
0.93
3.33
3.33

23
23 95
95

4,629
4,629
6,204
6,204

3,740
3,740
4,961
4,961

23.78
23.78
25.05
25.05

83
83 85
85

194345
194
345

29.76
29.76
20.61
20.61

59 40
59
40

2.92
2.92
5.90
5.90

3.54
3.54
5.70
5.70

5.16
5.16
50.59
50.59

7.11
7.11
71.34
71.34

26 26
87
87

0.83
0.83
1.15
1.15

0.89
0.89
1.53
1.53

22
22 56
56

4,476
4,476
105
105

4,828
4,828
97 97

(77.28)
(77.28)
.57
.57

23
23 53
53

193342
193
342

6 (10.24)
(10.24)
6 82
82
26.56
26.56

(6.87)
(6.87)
27.72
27.72

12 71
12 48,044,000
48,044,000
46,400,000
3,034,772 46,400,000
3,087
,913
71
3,034,772
3,087
,913

1,474,230
1,474,230
3,192,371
3,192,371

1,491,749
1,491,749
2,370,365
2,370,365

17
,172,453
17
,172,453 16,156,608
16,156,608
1,275,548
873,970
1,275,548
873,970

13.37
13.37
38.26
38.26

5,197
,695
5,197
,695
5,160,927
887
,127 5,160,927
608,119
887
,127
608,119

46 46
65
65

(9.49)
(9.49)
8.77
8.77

10.45
10.45
60.09
60.09

22 86
22
86

(16.43)
(16.43)
14.47
14.47

(116.29)
(116.29)
16.82
16.82

(54.29)
(54.29)
32.24
32.24

8
8 66
66

- 0.67
0.67

- 0.90
0.90

0
0 17
17

2,108
2,108
8,265
8,265

1,946
1,946
7,651
7,651

8.32
8.32
8.03
8.03

57
57 55
55

191340
191
340

(577
,736)
(577
,736)
407
,679
407
,679

0.00
0.00
51.27
51.27

(10.38)
(10.38)
26.77
26.77

5 51
5
51

(574.32
.00)
(574.32
.00)

(273.49
.70)
(273.49
.70)

3
3 56
56

74.43
74.43
24.79
24.79

72.54
72.54
21.06
21.06

97 97
62
62

1.18
1.18
1.01
1.01

0.55
0.55
1.02
1.02

63
63 41
41

1,459
1,459
7,561
7,561

1,953
1,953
6,801
6,801

(25.29)
(25.29)
11.18
11.18

12
12 64
64

183335
183
335

96,723
- 96,723 1,592,828
2,012,190
1,592,828
2,012,190

- 26.33
26.33

21.71
21.71
54.89
54.89

43 43
82
82

10.14
10.14
12.32
12.32

- 12.49
12.49

78
79 78
79

- 29.53
29.53

- 32.87
32.87

0
0 72
72

1.16
1.16
0.71
0.71

- 0.76
0.76

59
19 59
19

- 4,482
4,482

- 4,442
4,442

- 0.90
0.90

0
0 41
41

180331
180
331

16.33
16.33
13.03
13.03

15.52
15.52
23.74
23.74

31 44
31
44

1.30
1.30
1.33
1.33

0.96
0.96
2.54
2.54

31 31
32
32

9.23
9.23
14.64
14.64

7.67
7.67
20.06
20.06

39 39
46
46

0.54
0.54
0.66
0.66

0.58
0.58
1.65
1.65

9
9 15
15

1,570
1,570
5,977
5,977

1,511
1,511
3,671
3,671

3.94
3.94
62.80
62.80

45
45 95
95

175325
175
325

5.05
5.05
14.23
14.23

26.32
26.32
7.05
7.05

50
12 50
12

3.31
3.31
1.80
1.80

5.57
5.57
2.41
2.41

49 49
37
37

4.92
4.92
26.12
26.12

8.53
8.53
28.47
28.47

25 25
65
65

0.45
0.45
1.03
1.03

0.43
0.43
1.10
1.10

6
6 43
43

1,009
1,009
2,867
2,867

1,153
1,153
2,361
2,361

(12.46)
(12.46)
21.46
21.46

18
18 80
80

173319
173
319

121,059
121,059
146,491
146,491

(12.84)
(12.84)
40.65
40.65

9.79
9.79
44.56
44.56

19 75
19
75

1.23
1.23
24.92
24.92

15.76
15.76
23.10
23.10

30 30
89
89

7.17
7.17
33.78
33.78

70.91
70.91
52.29
52.29

32
76 32
76

0.18
0.18
1.04
1.04

0.23
0.23
0.85
0.85

3
3 45
45

3,994
3,994
1,683
1,683

4,329
4,329
1,940
1,940

(7.76)
(7(13.24)
.76)
(13.24)

22
17 22
17

172
311172
311

1,525,267
1,525,267
1,620,297
2,815,250 1,620,297
2,508,693
2,815,250
2,508,693

(5.86)
(5.86)
12.22
12.22

9.90
9.90
35.71
35.71

21 65
21
65

(0.50)
(0.50)
8.98
8.98

(1.50)
(1.50)
8.74
8.74

16
16 75
75

(6.04)
(6.04)
15.20
15.20

(14.38)
(14.38)
15.13
15.13

11
11 47
47

0.79
0.79
0.86
0.86

0.75
0.75
0.88
0.88

20
20 28
28

33,350
33,350
10,691
10,691

30,520
30,520
9,915
9,915

9.27
9.27
7.82
7.82

60
60 54
54

170308
170
308

(6.49)
(6.49)
103.13
103.13

13.67
13.67
37.88
37.88

27 68
27
68

(3.66)
(3.66)
49.00
49.00

(19.00)
(19.00)
25.69
25.69

10
10100
100

(7.37)
(7.37)
67
.09
67
.09

(36.36)
(36.36)
64.32
64.32

10
10 94
94

0.91
0.91
0.45
0.45

0.89
0.89
0.32
0.32

36
7 36
7

1,298
1,298
4,469
4,469

1,130
1,130
5,219
5,219

14.87
14.87
(14.37)
(14.37)

70
16 70
16

169307
169
307

5,285,030
5,285,030
5,243,983
5,328,052 5,243,983
4,934,087
5,328,052
4,934,087

0.78
0.78
7.98
7.98

35.98
35.98
61.46
61.46

66 88
66
88

2.18
2.18
5.53
5.53

7.63
.63
.507.50

43 43
63
63

3.39
3.39
7.78
7.78

13.74
13.74
10.15
10.15

20 20
35
35

0.55
0.55
0.87
0.87

0.83
0.83
1.13
1.13

10
10 30
30

9,593
9,593
6,703
6,703

10,860
10,860
7,538
7,538

(11.67)
(11.67)
(11.08)
(11.08)

19
19 20
20

166300
166
300

996,831
996,831 1,054,818
1,054,818
6,209,921
5,197
,549
6,209,921
5,197
,549

(5.50)
(5.50)
19.48
19.48

4.61
4.61
7.56
7.56

9 13
9
13

(1.60)
(1.60)
27.36
27.36

0.73
0.73
29.59
29.59

14
14 92
92

(5.65)
(5.65)
24.91
24.91

2.55
2.55
28.05
28.05

12
12 63
63

1.14
1.14
0.84
0.84

1.37
1.37
1.21
1.21

55
55 24
24

1,474
1,474
2,578
2,578

1,522
1,522
2,422
2,422

(3.13)
(3.13)
6.44
6.44

34
34 51
51

143299
143
299

(749,650)
(749,650)
(569,709)
43,124 (569,709)
41,289
43,124
41,289

(31.58)
(31.58)
4.44
4.44

(62.73)
(62.73)
24.61
24.61

3 46
3
46

(15.77)
(15.77)
4.25
4.25

(10.55)
(10.55)
3.08
3.08

7
7 54
54

27.28
27.28
35.15
35.15

23.25
23.25
23.62
23.62

69
77 69
77

- 1.18
1.18

- 1.23
1.23

0
0 62
62

1,619
1,619
5,535
5,535

1,688
1,688
5,726
5,726

(4.12)
(4.12)
(3.33)
(3.33)

27
27
33 33

129298
129
298

1097
.10
1097
.10
5.64
5.64

61.15
61.15
21.21
21.21

87 42
87
42

(35.49)
(35.49)
0.70
0.70

10.30
10.30
0.77
0.77

5 (70.09)
(70.09)
5 25
25
22.01
22.01

- 18.76
18.76

- 16.67
16.67

0 35
0
35

- 41.08
41.08

- 39.93
39.93

0
0 97
97

(577
,736)
(577
,736)
616,677
616,677

458,706
458,706
42,760
42,760

215,430
215,430
595,408
595,408

4
4 60
60

0.61
0.61
1.12
1.12

0.20
0.20
1.20
1.20

11
11 53
53

339
339
4,762
4,762

728
728
4,219
4,219

(53.45)
(53.45)
12.88
12.88

5
5 65
65

114295
114
295

- 26.92
26.92

0
0 64
64

1.13
1.13
0.67
0.67

1.87
1.87
0.71
0.71

54
16 54
16

- 3,475
3,475

- 3,295
3,295

- 5.48
5.48

0
0 47
47

90291
90
291

4 (28.53)
(28.53)
4 39
39
18.13
18.13

1,294,584
1,294,584
2,609,342
2,609,342

(7.76)
(7.76)
15.98
15.98

11 51
11
51

(33.35)
(33.35)
19.94
19.94

9.85
9.85
26.02
26.02

20 49
20
49

(50.52)
(50.52)
1.82
1.82

(56.57)
(56.57)
2.21
2.21

(34.13)
(34.13)
27
.17
27.17

6
6 52
52

0.85
0.85
1.16
1.16

0.93
0.93
1.18
1.18

27
27 60
60

1,370
1,370
94,575
94,575

1,489
1,489
94,885
94,885

(7.97)
(7.97)
(0.33)
(0.33)

21
21 39
39

89290
89
290

791,529
791,529

695,508
695,508

13.81
13.81

47 47

760,411
760,411

519,389
519,389

46.40
46.40

265,547
265,547

256,924
256,924

3.36
3.36

34.92
34.92

63 63

1.87
1.87

1.91
1.91

41 41

5.68
5.68

5.43
5.43

29 29

1.30
1.30

1.69
1.69

70 70

28,783
28,783

28,980
28,980

(0.68)
(0.68)

38 38

288288

1,996,310
1,996,310

1,495,107
1,495,107

33.52
33.52

79 79

3,079,429
3,079,429

2,302,178
2,302,178

33.76
33.76

,069
297297
,069

252,321
252,321

17.73
17.73

9.65
9.65

18 18

5.01
5.01

2.10
2.10

60 60

36.43
36.43

24.84
24.84

78 78

0.97
0.97

0.92
0.92

38 38

817817

1,107
1,107

(26.25)
(26.25)

11 11

284284

8,607
,617
8,607
,617

9,205,023
9,205,023

(6.49)
(6.49)

13 13

4,148,665
4,148,665

4,112,463
4,112,463

0.88
0.88

372,623
372,623

372,957
372,957

(0.09)
(0.09)

21 21

1,045,855
1,045,855

,491
967967
,491

8.10
8.10

1,691,111
,158
1,691,111
2,537
,158
331,867 2,537
276,702
331,867
276,702

(914.88)
(914.88)
22.45
22.45

- 25.19
25.19

2,248,586 2,110,268
2,110,268
2,248,586
282,353
282,353

233,391
233,391

The sixteenth edition / A dcima sexta edio / 25

6.55
6.55

54.20
54.20

81 81

2.82
2.82

2.54
2.54

45 45

11.13
11.13

11.75
11.75

40 40

1.68
1.68

5.92
5.92

78 78

1,229,660
1,229,660

1,315,003
1,315,003

(6.49)
(6.49)

26 26

283283

20.98
20.98

27.00
27.00

53 53

13.14
13.14

9.05
9.05

80 80

18.99
18.99

15.59
15.59

55 55

0.96
0.96

1.011.01

37 37

1,117
1,117

1,156
1,156

(3.38)
(3.38)

31 31

277277

The following tables present the ranking of the Best Medium Companies in Mozambique in
2013 according to the methodology adopted.

As tabelas que se seguem apresentam o ranking das Melhores Mdias Empresas de


Moambique em 2013 de acordo com a metodologia adoptada.
Rank Empresa
Empresa
Rank
Company
Company

Sector
Actividade
Sector
dede
Actividade
Activity
Activity

Vol.
Neg.
Vol.
dede
Neg.
Revenues
Revenues
3 3
Meticais)
(10(10
Meticais)

2013
2013

Capitais
Prprios
Capitais
Prprios
Shareholdersfunds
Shareholdersfunds
3 3
Meticais)
(10(10
Meticais)

Pontuao
Pontuao

2013
2013

2012
2012

%13/12
%13/12

2013
2013

18,592
18,592

122.1
122.1

9 9

29,274
29,274

28,156
28,156

3.97
3.97

28,993
28,993

27,593
27,593

24,925
24,925

10.7
10.7

7 7

93,711
93,711

34,931
34,931

168.27
168.27

19,640
19,640

20,400
20,400

(3.7)
(3.7)

4 4

17,172
17,172

15,545
15,545

10.47
10.47

19,743
19,743

9,789
9,789

101.7
101.7

12 12

2,879
2,879

1,422
1,422

Servios
Servios

27,070
27,070

25,530
25,530

6.06.0

6 6

5,116
5,116

Servios
Servios

25,733
25,733

8,866
8,866

190.2
190.2

13 13

9,819
9,819

Industria
Construes
Sotomane,
Industria
de de
Construes
Sotomane,
LdaLda

Indstria
Indstria

14,132
14,132

10,940
10,940

29.2
29.2

10 10

8 8

Levas
Flor,
Levas
Flor,
LdaLda

Indstria
Indstria

27,592
27,592

23,710
23,710

16.4
16.4

9 9

Tracus
Arquitectos,
Tracus
Arquitectos,
LdaLda

Construo
Construo

18,418
18,418

32,053
32,053

(42.5)
(42.5)

10 10

- Arquitetos,
MCMC
- Arquitetos,
LdaLda

Servios
Servios

23,532
23,532

12,150
12,150

93.7
93.7

11 11

11,503
11,503

11 11

PINTEX
- Fbrica
Tintas,
SARL
PINTEX
- Fbrica
de de
Tintas,
SARL

Indstria
Indstria

21,473
21,473

21,279
21,279

0.90.9

5 5

10,489
10,489

12 12

Somonav,
Somonav,
LdaLda

Servios
Servios

23,043
23,043

30,190
30,190

(23.7)
(23.7)

3 3

39,094
39,094

13 13

Telescan
- Telecomunicaes
e Sistemas,
Telescan
- Telecomunicaes
e Sistemas,
LdaLda

Comunicaes
Comunicaes

23,458
23,458

51,850
51,850

(54.8)
(54.8)

1 1

52,307
52,307

2013
2013
1 1

Incala,
Incala,
LdaLda

Indstria
Indstria

2 2

Forum
Hotis
e Turismo,
(Hotel
Cruz)
Forum
Hotis
e Turismo,
LdaLda
(Hotel
StaSta
Cruz)

Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

3 3

PROMOTUR
- Residencial
Hoyo-Hoyo,
PROMOTUR
- Residencial
Hoyo-Hoyo,
LdaLda

Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

4 4

Euromoc.
Euromoc.
LdaLda

Servios
Servios

5 5

Tecnicol
Moambique,
Tecnicol
Moambique,
LdaLda

6 6

Howard
JohnsonAssociates
Mozambique
Howard
JohnsonAssociates
Mozambique

7 7

22,707
22,707

2012 %13/12
%13/12
2012

Activo
Lquido
Activo
Lquido
Net
Assets
Net
Assets
3 3
Meticais)
(10(10
Meticais)

2012 %13/12
%13/12
2012

Sector
Actividade
Sector
dede
Actividade
Activity
Activity

Liquidez
Geral
Liquidez
Geral
Current
Ratio
Current
Ratio

por
Trabalhador
VNVN
por
Trabalhador
Revenue
Employee
Revenue
perper
Employee

Melhores
Melhores
2012
dede
2012

2013
2013

Pontuao
Pontuao

2013
2013

2012
2012

Pontuao
Pontuao

2013
2013

2012
2012

Pontuao
Pontuao

2013
2013

2012
2012

Pontuao
Pontuao

2013
2013

2012
2012

%13/12
%13/12

Pontuao
Pontuao

Pomtuao
Final
Pomtuao
Final

99.04
99.04

13 13

5.11
5.11

5.15
5.15

10 10

4.08
4.08

3.50
3.50

6 6

58.13
58.13

45.34
45.34

12 12

327327

293293

11.59
11.59

10 10

60 60

28,673
28,673

3,338
3,338

758.99
758.99

30.60
30.60

7 7

16.29
16.29

22.76
22.76

13 13

28.08
28.08

1,129.88
1,129.88

12 12

3.50
3.50

0.82
0.82

7 7

497497

419419

18.68
18.68

11 11

57 57

15,867
15,867

15,429
15,429

2.84
2.84

92.40
92.40

12 12

12.09
12.09

28.65
28.65

12 12

15.17
15.17

46.69
46.69

7 7

12.77
12.77

125.77
125.77

10 10

786786

770770

2.05
2.05

8 8

53 53

102.46
102.46

(278)
(278)

(342)
(342)

18.71
18.71

(9.66)
(9.66)

2 2

(0.32)
(0.32)

6.76
6.76

5 5

20.32
20.32

(98.39)
(98.39)

10 10

3.69
3.69

1.93
1.93

8 8

1,462
1,462

1,030
1,030

41.93
41.93

12 12

49 49

2,380
2,380

114.96
114.96

4,059
4,059

2,957
2,957

37.27
37.27

79.34
79.34

11 11

2.77
2.77

3.29
3.29

7 7

21.35
21.35

56.75
56.75

11 11

9.34
9.34

(0.82)
(0.82)

9 9

732732

1,110
1,110

(34.09)
(34.09)

5 5

49 49

6,457
6,457

52.07
52.07

(687)
(687)

(1,376)
(1,376)

50.07
50.07

(7.00)
(7.00)

3 3

3.94
3.94

1.111.11

8 8

(98.21)
(98.21)

(14.24)
(14.24)

2 2

0.25
0.25

0.09
0.09

3 3

303303

209209

45.12
45.12

13 13

42 42

7,481
7,481

3,794
3,794

97.18
97.18

4,915
4,915

1,228
1,228

300.24
300.24

65.70
65.70

10 10

4.01
4.01

3.72
3.72

9 9

18.46
18.46

66.29
66.29

8 8

- -

- -

0 0

314314

547547

(42.59)
(42.59)

3 3

40 40

8 8

25,087
25,087

26,288
26,288

(4.57)
(4.57)

1,780
1,780

2,491
2,491

(28.56)
(28.56)

7.097.09

6 6

(2.58)
(2.58)

(22.08)
(22.08)

3 3

(33.32)
(33.32)

(420.33)
(420.33)

4 4

- -

- -

13 13

202202

332332

(39.04)
(39.04)

4 4

38 38

2 2

9,545
9,545

7,396
7,396

29.06
29.06

4,076
4,076

3,500
3,500

16.46
16.46

42.70
42.70

8 8

8.55
8.55

9.51
9.51

11 11

41.58
41.58

174.23
174.23

13 13

- -

77.87
77.87

0 0

1,674
1,674

6,411
6,411

(73.88)
(73.88)

1 1

35 35

6,260
6,260

83.75
83.75

(5,069)
(5,069)

(4,171)
(4,171)

(21.53)
(21.53)

(44.07)
(44.07)

1 1

(3.81)
(3.81)

(47.70)
(47.70)

2 2

19.42
19.42

277277
.87.87

9 9

0.30
0.30

0.13
0.13

4 4

1,810
1,810

2,025
2,025

(10.61)
(10.61)

7 7

34 34

15,941
15,941

(34.20)
(34.20)

(662)
(662)

(981)
(981)

32.52
32.52

(6.31)
(6.31)

4 4

1.49
1.49

(2.33)
(2.33)

6 6

(38.83)
(38.83)

(21.42)
(21.42)

3 3

0.78
0.78

0.87
0.87

5 5

467467

426426

9.69
9.69

9 9

32 32

49,546
49,546

(21.10)
(21.10)

(1,410)
(1,410)

8,162
8,162

(117
(117
.28).28)

(3.61)
(3.61)

5 5

(41.54)
(41.54)

4.50
4.50

(283.53)
1 1 (283.53)

17.76
17.76

1 1

14.18
14.18

2.15
2.15

11 11

295295

387387

(23.67)
(23.67)

6 6

27 27

69,861
69,861

(25.13)
(25.13)

23,080
23,080

23,838
23,838

(3.18)
(3.18)

44.12
44.12

9 9

(1.91)
(1.91)

3.11
3.11

4 4

7.147.14

5 5

1.29
1.29

1.20
1.20

6 6

1,340
1,340

2,659
2,659

(49.59)
(49.59)

2 2

27 27

por
Trabalhador
VNVN
por
Trabalhador
Revenue
Employee
Revenue
perper
Employee

Melhores
Melhores
2012
dede
2012

(1.91)
(1.91)

The following tables present the ranking of the Best Small Companies in Mozambique in
2013 according to the methodology adopted.
Activo
Lquido
Activo
Lquido
Net
Assets
Net
Assets
3 3
Meticais)
(10(10
Meticais)

Capitais
Prprios
Capitais
Prprios
Shareholdersfunds
Shareholdersfunds
3 3
Meticais)
(10(10
Meticais)

Rent
Rent
VNVN
Profits/Revenue
Profits/Revenue
(%)(%)

Rent.
Rent.
C. C.
P. P.
S/hs
Funds
S/hs
Funds
(%)(%)

Liquidez
Geral
Liquidez
Geral
Current
Ratio
Current
Ratio

Pontuao
Pontuao

2013
2013

2012
2012

%13/12
%13/12

2013
2013

2013
2013

Pontuao
Pontuao

2013
2013

2012
2012

Pontuao
Pontuao

2013
2013

2012
2012

Pontuao
Pontuao

2013
2013

2012
2012

Pontuao
Pontuao

2013
2013

2012
2012

%13/12
%13/12

Pontuao
Pontuao

Pomtuao
Final
Pomtuao
Final

Carpintaria
Mutende
Carpintaria
Mutende

Indstria
Indstria

6,361
6,361

4,534
4,534

40.3
40.3

16 16

3,693
3,693

3,444
3,444

7.22
7.22

2,992
2,992

2,296
2,296

130.29
130.29

81.01
81.01

18.00
18.00

10.93
10.93

5.36
5.36

19 19

26.30
26.30

21.16
21.16

19 19

3.33
3.33

41.73
41.73

17 17

177177

283283

(37.65)
(37.65)

9 9

98 98

2 2

Auto
Rectificadora
Auto
Rectificadora

Indstria
Indstria

12,600
12,600

13,091
13,091

(3.8)
(3.8)

8 8

18,709
18,709

18,008
18,008

3.89
3.89

17,029
17,029

16,365
16,365

4.06
4.06

91.02
91.02

20.00
20.00

9.41
9.41

14.50
14.50

18 18

7.107.10

12.05
12.05

16 16

10.36
10.36

10.09
10.09

22 22

332332

345345

(3.75)
(3.75)

13 13

97 97

3 3

Linkup
Recruitment
Services
Linkup
Recruitment
Services

Servios
Servios

7,449
7,449

6,666
6,666

11.711.7

12 12

2,855
2,855

2,081
2,081

37.19
37.19

2,634.00
2,634.00

1,815
1,815

45.12
45.12

92.26
92.26

21.00
21.00

10.99
10.99

12.65
12.65

20 20

36.82
36.82

70.54
70.54

21 21

0.01
0.01

0.01
0.01

5 5

1,490
1,490

1,333
1,333

11.75
11.75

17 17

96 96

4 4

Mediptica,
Mediptica,
LdaLda

Comrcio
Comrcio

5,906
5,906

6,064
6,064

(2.6)
(2.6)

9 9

5,373
5,373

4,437
4,437

21.10
21.10

4,173
4,173

3,927
3,927

6.26
6.26

77.67
77.67

17.00
17.00

4.18
4.18

3.17
3.17

15 15

6.10
6.10

5.01
5.01

15 15

4.48
4.48

8.70
8.70

20 20

562562

551551

2.03
2.03

15 15

91 91

5 5

Lavandaria
Imperial
Lavandaria
Imperial

Servios
Servios

4,348
4,348

3,440
3,440

26.4
26.4

15 15

4,828
4,828

2,202
2,202

119.26
119.26

1,721
1,721

1,706
1,706

0.89
0.89

35.65
35.65

14.00
14.00

0.74
0.74

4.88
4.88

10 10

1.87
1.87

10.41
10.41

13 13

3.84
3.84

2.05
2.05

19 19

89 89

60 60

48.32
48.32

19 19

90 90

6 6

Chef
Privado
Chef
Privado

Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

80 80

7 7

Consulting,
MCMC
Consulting,
LdaLda

Servios
Servios

8 8

SIGA
- Sistemas
Informao
e Gesto
Atendimento,
SIGA
- Sistemas
de de
Informao
e Gesto
de de
Atendimento,
S.AS.A

Servios
Servios

6,168
6,168

9 9

Autrase,
Autrase,
LdaLda

Indstria
Indstria

8,670
8,670

4,953
4,953

75.0
75.0

10 10

Tecninfo,
Tecninfo,
LdaLda

Servios
Servios

4,375
4,375

5,858
5,858

(25.3)
(25.3)

100100
4,564
4,564

2012 %13/12
%13/12
2012

Autonomia
Autonomia
Financeira
Financeira

1 1

2013
2013

2012 %13/12
%13/12
2012

Rent.
Rent.
C. C.
P. P.
S/hs
Funds
S/hs
Funds
(%)(%)

4.17
4.17

Vol.
Neg.
Vol.
dede
Neg.
Revenues
Revenues
3 3
Meticais)
(10(10
Meticais)

2013
2013

Rent
Rent
VNVN
Profits/Revenue
Profits/Revenue
(%)(%)

27,833
27,833

As tabelas que se seguem apresentam o ranking das Melhores Pequenas Empresas de


Moambique em 2013 de acordo com a metodologia adoptada.
Rank Empresa
Empresa
Rank
Company
Company

Autonomia
Autonomia
Financeira
Financeira

25.0
25.0

14 14

90 90

50 50

80.00
80.00

60 60

20 20

200.00
200.00

66.67
66.67

16.00
16.00

40.00
40.00

37.50
37.50

21 21

100.00
100.00

300.00
300.00

22 22

0.60
0.60

0.38
0.38

10 10

67 67

160160

(58.33)
(58.33)

5 5

88 88

1,658.0
260260 1,658.0

22 22

1,841
1,841

460460

300.45
300.45

(107)
(107)

(326)
(326)

67.29
67.29

(5.80)
(5.80)

8.00
8.00

4.81
4.81

(129.54)
(129.54)

17 17

(101.41)
(101.41)

206.13
206.13

7 7

0.75
0.75

0.58
0.58

11 11

1,141
1,141

173173

559.27
559.27

21 21

86 86

1,562.5
371371 1,562.5

21 21

1,059
1,059

655655

61.68
61.68

(1,519)
(1,519)

(1,514)
(1,514)

(0.33)
(0.33)

(143.44)
(143.44)

7.00
7.00

(0.06)
(0.06)

(328.84)
(328.84)

7 7

0.26
0.26

161.16
161.16

9 9

3.64
3.64

0.21
0.21

18 18

685685

74 74

823.63
823.63

22 22

84 84

18 18

7,850
7,850

5,993
5,993

30.99
30.99

3,622
3,622

3,485
3,485

3.93
3.93

46.14
46.14

15.00
15.00

1.61
1.61

2.93
2.93

12 12

3.94
3.94

8.32
8.32

14 14

1.00
1.00

1.36
1.36

13 13

275275

354354

(22.20)
(22.20)

11 11

83 83

3 3

3,032
3,032

2,843
2,843

6.65
6.65

2,621
2,621

2,352.00
2,352.00

11.44
11.44

86.44
86.44

19.00
19.00

4.18
4.18

13.35
13.35

16 16

7.367.36

44.01
44.01

17 17

6.66
6.66

5.88
5.88

21 21

398398

- -

- -

0 0

76 76

1,309 3,768.68
3,768.68
1,309

11 11

F.M.
Simes,
F.M.
Simes,
SASA

Servios
Servios

5,428
5,428

6,276
6,276

(13.5)
(13.5)

5 5

1,992
1,992

1,902
1,902

4.73
4.73

50,641
50,641

2,542.22
2,542.22

22.00
22.00

2.98
2.98

5.54
5.54

14 14

0.62
0.62

53.17
53.17

11 11

2.80
2.80

1.57
1.57

16 16

247247

571571

(56.76)
(56.76)

6 6

74 74

12 12

Limpers,
Limpers,
LdaLda

Servios
Servios

2,434
2,434

775775

214.1
214.1

20 20

2,916
2,916

2,613
2,613

11.60
11.60

109109

347347

(68.59)
(68.59)

3.74
3.74

11.00
11.00

(9.78)
(9.78)

10.58
10.58

5 5

(104.39)
(104.39)

47.26
47.26

6 6

0.55
0.55

1.15
1.15

9 9

487487

310310

57.03
57.03

20 20

71 71

13 13

Bazaruto,
Bazaruto,
LdaLda

Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

1,986
1,986

11,834
11,834

(83.2)
(83.2)

1 1

700,089
700,089

656,062
656,062

6.71
6.71

220,885
220,885

255,504
255,504

(13.55)
(13.55)

31.55
31.55

13.00 1,915.21
1,915.21
13.00

118.73
118.73

22 22

15.97
15.97

11.00
11.00

18 18

2.10
2.10

7.237.23

15 15

- -

- -

- -

0 0

69 69

14 14

Terra
Nova,
Terra
Nova,
LdaLda

Agricultura
e Pescas
Agricultura
e Pescas

15 15

Ferro
& Ferro,
Ferro
& Ferro,
LdaLda

Servios
Servios

16 16

OLOGA
- Sistemas
Informticos,
OLOGA
- Sistemas
Informticos,
LdaLda

Servios
Servios

8,005
8,005

7,391
7,391

17 17

Perfect
Clean,
Perfect
Clean,
E.I.E.I.

Servios
Servios

12,141
12,141

5,423
5,423

18 18

Siesta
- Fbrica
mveis,
colchoaria,
Siesta
- Fbrica
de de
mveis,
colchoaria,
LdaLda

Indstria
Indstria

12,560
12,560

13,421
13,421

(6.4)
(6.4)

201201

119119

68.9
68.9

17 17

430430

1,121
1,121

(61.64)
(61.64)

(3,658)
(3,658)

(2,613)
(2,613)

(39.99)
(39.99)

(850.70)
(850.70)

5.00
5.00

(519.90)
(519.90)

(898.32)
(898.32)

4 4

33.33
33.33

81.82
81.82

20 20

0.07
0.07

0.18
0.18

7 7

18 18

18 18

(0.19)
(0.19)

14 14

67 67

11,835
11,835

16,717
16,717

(29.2)
(29.2)

2 2

9,076
9,076

12,167
12,167

(25.40)
(25.40)

2,487
2,487

2,504
2,504

(0.68)
(0.68)

27.40
27.40

12.00
12.00

0.12
0.12

0.01
0.01

8 8

0.56
0.56

0.04
0.04

10 10

1.42
1.42

1.171.17

14 14

816816

1,079
1,079

(24.32)
(24.32)

10 10

56 56

8.38.3

11 11

1,710
1,710

1,315
1,315

30.04
30.04

(99)(99)

(131)
(131)

24.43
24.43

(5.79)
(5.79)

9.00
9.00

0.39
0.39

0.28
0.28

9 9

(26.96)
(26.96)

(32.06)
(32.06)

8 8

0.88
0.88

0.82
0.82

12 12

1,067
1,067

2,464
2,464

(56.68)
(56.68)

7 7

56 56

123.9
123.9

19 19

- -

- -

- -

- -

- -

- -

- -

0.00
0.00

2.45
2.45

5.31
5.31

13 13

- -

- -

- -

- -

0 0

517517

350350

47.67
47.67

18 18

50 50

6 6

2,660
2,660

2,528
2,528

5.21
5.21

(7,611)
(7,611)

(7,749)
(7,749)

1.78
1.78

(286.17)
(286.17)

6.00
6.00

(1.10)
(1.10)

(0.02)
(0.02)

6 6

1.79
1.79

0.04
0.04

12 12

0.12
0.12

0.11
0.11

8 8

523523

584584

(10.31)
(10.31)

12 12

50 50

10.00 (2,300.33)
(2,300.33)
10.00

(4.43)
(4.43)

(53,301.59)
3 3 (53,301.59)

(56.28)
(56.28)

5 5

19 19

Neoqumica
Moambique,
Neoqumica
Moambique,
LdaLda

Servios
Servios

5,816
5,816

6,123
6,123

(5.0)
(5.0)

7 7

8,741
8,741

9,088
9,088

(3.82)
(3.82)

184184

318318

(42.14)
(42.14)

2.11
2.11

20 20

SOTEL
- Sociedade
Tcnica
Electricidade,
SOTEL
- Sociedade
Tcnica
de de
Electricidade,
LdaLda

Servios
Servios

5,266
5,266

4,407
4,407

19.5
19.5

13 13

- -

- -

- -

- -

- -

- -

- -

0.00
0.00

1.101.10

0.70
0.70

21 21

Gilctricas
Construes,
Gilctricas
Construes,
LdaLda

Construo
Construo

1,202
1,202

1,202
1,202

0.00.0

10 10

n.dn.d

n.dn.d

- -

n.dn.d

n.dn.d

- -

- -

0.00
0.00

- -

22 22

Biriu
Cpias
Biriu
Cpias

Comrcio
Comrcio

295295

369369

(20.1)
(20.1)

4 4

n.dn.d

n.dn.d

- -

n.dn.d

n.dn.d

- -

- -

0.00
0.00

- -

26 / A dcima sexta edio / The sixteenth edition

- -

0.01
0.01

0.01
0.01

6 6

237237

223223

6.62
6.62

16 16

47 47

11 11

- -

- -

- -

- -

- -

0 0

- -

147147

- -

0 0

24 24

- -

- -

- -

- -

- -

- -

- -

0 0

48 48

96 96

(50.00)
(50.00)

8 8

18 18

- -

- -

- -

- -

- -

- -

- -

0 0

42 42

105105

(60.06)
(60.06)

4 4

8 8

The sixteenth edition / A dcima sexta edio / 27

Anlise
Macroeconmica
Macroeconomic
Analysis
Perspectiva Global

Global Perspective

Por: Nelson Melo e Angelina Vaz

By: Nelson Melo and Angelina Vaz

O poderio das principais economias mundiais no


registou grande variao face ao que foi atingido em 2012.
O crescimento do PIB apresentou-se estvel, estando
o destaque repartido entre as economias de Africa
Subsaariana, China e Amrica Latina em termos de variao
do PIB entre 2012 e 2013.

The power of the principal world economies has not


changed greatly from 2012. GDP growth was stable, in
terms of the changes in GDP between 2012 and 2013 the
economies of Sub-Saharan Africa, China and Latin America
stand out.

A estabilidade da moeda nas principais economias, a base


de uma poltica monetria orientada para taxas de juro
directoras muito baixas, taxas de inflao estveis e o grande
enfoque na estabilizao das finanas pblicas com medidas
para a reduo da dvida, contribuiu em grande medida para
a estabilidade verificada nestas economias.

The stability of the currency in major economies and


the monetary policy geared a very low key interest
rates, stable inflation rates and an emphasis on the
stabilisation of public finances as a means to debt
reduction contributed significantly to the stability seen
in these economies.

O reflexo de estabilidade verificado nas grandes economias


acabou por contribuir para a desacelerao do crescimento
das economias emergentes e em vias de desenvolvimento.
No obstante ao mencionado, estas economias emergentes
e em desenvolvimento conseguiram atingir bons nveis
de crescimento, pese embora os mesmos terem sido
relativamente inferiores aos verificados no ano de 2012.

The stability registered in major economies contributed to


a slowing down in the growth of emerging and developing
economies. Despite this, the emerging and developing
economies have achieved good levels of growth although
relatively lower than those recorded in 2012.

PIB mundial / World GDP 2013

22%
39%

17%

12%

8%

USD million 74,909,811


EUA / USA
Europa / Euro area
frica Subsariana / Sub-Saharan Africa
Amrica Latina e Caribe / Latin America & Caribean
China
Outras economias / Otehr economies

2%

Fonte: Dados extrados da base de dados do World Bank Organization. World Databank. World Development Indicator / Source: Data extrated from
the World Bank database.
28 / A dcima sexta edio / The sixteenth edition

No contexto mundial, a economia da frica Subsaariana


acabou por se revelar uma das mais dinmicas, tendo
vindo a apresentar taxas de crescimento robustas e, mais
uma vez, em linha com o desempenho de anos anteriores
recentes. Estima-se que a dinmica verificada se mantenha,
fomentada pela riqueza dos seus recursos naturais e
minerais, assim como pelo elevado Investimento Directo
Estrangeiro esperado ao nvel de infra-estruturas para esta
regio. A contribuio desta regio em 2013 para o PIB
mundial situou-se na casa dos 2%, uma representatividade
muito aqum do potencial econmico e das riquezas
naturais desta regio, sendo de se prever um maior nvel
de relevncia nos anos vindouros perante as restantes
economias mundiais.

frica
Contexto Macroeconmico
O continente Africano em geral sofreu uma desacelerao no
crescimento do PIB tendo a mdia apresentado uma reduo
de 1.7pp, de 5.7% em 2012 para 4.0% em 2013. (Economic
Report on Africa 2014). Este abrandamento justificou-se
pelo facto de algumas economias terem registado uma
ligeira queda no desempenho empresarial causada pela
instabilidade poltica como o caso do Egipto,Tunsia, Lbia e
Repblica Centro Africana.
Cerca de um tero dos pases Africanos cresceu em mdia 6%
ou mais em 2013, impulsionando o rendimento per capita.
Contudo, em muitos desses pases, a pobreza mantm-se
expandida e o desemprego continua em elevados nveis.
(Global Economic and Prospects, Jan 2014).
Para o ano de 2014 e 2015, espera-se que o crescimento seja
de 4.7% e 5.0% respectivamente. (Economic Report on Africa).
De referir a robustez da economia Moambicana, registando
o maior crescimento do PIB na frica Sub-saariana na ordem
dos 7.1%. A Serra Leoa obteve o maior crescimento em frica
atingindo a impressionante marca de 20.1%. (The World Bank
Organization. World Development Indicator).

In the world context, Sub-Saharan Africas economy


turned out to be one of the most dynamic with robust
growth rates in line with performance in recent years. It
is believed that the dynamic has been maintained due
to the richness of natural resources and minerals as well
as high levels of foreign direct investment to develop
infrastructures in the region. In 2013 the contribution
of this region to the global GDP stood at 2%, below
the economic and of the natural wealth potential of the
region. In the coming years a higher level of impact
compared to other world economies can be expected.

Africa
Macroeconomic Context
Overall the African continent suffered a slowdown in
GDP growth with a reduction of 1.7 pp from 5.7% in 2012
to 4.0% in 2013 (Economic Report on Africa 2014). This
slowdown was caused by the fact that some economies
including Egypt, Tunisia, Libya and the Central African
Republic registered a slight drop in business performance
caused by political instability.
About one third of African countries grew by 6% or more in
2013 boosting per capita income. However, in many of these
countries poverty remains widespread and unemployment
continues at high levels (Global Economic Prospects,
Jan 2014). For 2014 and 2015 growth of 4.7% and 5.0%
respectively is forecast (Economic Report on Africa).
The robustness of the Mozambican economy, recording
the highest GDP growth in sub-Saharan Africa at 7.1% is
noteworthy. Sierra Leone achieved the highest growth in
Africa recording an impressive rate of 20.1% (World Bank,
World Development Indicator).

The sixteenth edition / A dcima sexta edio / 29

18

PIB / GDP (%)

14

7.1%

5.0%

10
6
2
-2

frica do Sul
Angola
Benin
Botswana
Burkina Faso
Burundi
Cabo Verde
Camares
Chade
Comores
Congo
RD do Congo
Costa de Marfim
Djibouti
Guin Equatorial
Eritria
Etipia
Gabo
Gmbia
Ghana
Guine
Guin Bissau
Quenia
Lesotho
Libria
Madagascar
Malawi
Mali
Mauritania
Mauricias
Moambique
Namibia
Niger
Nigeria
Ruanda
ST e Principe
Senegal
Seychelles
Serra Leoa
Suazilndia
Togo
Uganda
Tanznia
Zmbia
Zimbabwe

-6

2012

2013

Media / average 2013

Fonte / Source: KPMG. Dados extrados da base de dados do World Bank Organization. World Databank. World Development Indicator / Data
extracted from the World Bank database

Desempenho por sub-regies (crescimento


do PIB)
O crescimento do PIB entre sub-regies da frica variou
positivamente de forma ligeira em 2013. A frica Austral
evoluiu de 3.5% para 3.6% em 2013, principalmente devido
ao aumento do investimento na sub-regio no sector de
minerao (Economic Report on Africa 2014). Na frica
Subsaariana, o crescimento tem permanecido estvel (5.1% em
2013 contra os 4.8% de 2012), sendo sustentado pela produo
de petrleo, minerao, agricultura, servios financeiros e
a crescente economia domstica como principais motores
impulsionadores. (Balano Econmico e Social de 2013).
Para esta sub-regio, perspectiva-se um crescimento de 5.2%
em 2014 e de 5.4 % em 2015. (Global Economic and Prospects,
June 2013). O crescimento na frica Central abrandou de 5.8%
em 2012 para os 4.2% em 2013, em grande parte devido
instabilidade poltica verificada na Repblica Centro Africana,
onde a economia contraiu em 8.9% em 2013. O crescimento da
frica Oriental tambm permaneceu inalterado em 6.0% em
2013. Na frica Ocidental a taxa de crescimento manteve-se
inalterada em 6.7% em 2013. A frica Ocidental continuou a
liderar as sub-regies, graas aos investimentos no sector de
petrleo e minerais, entre outros factores dinamizadores das
economias locais. (Economic Report on Africa 2014).
A instabilidade poltica e as interrupes do fornecimento de
petrleo acabaram por ser determinantes no crescimento
no norte da frica especialmente, Egipto, Lbia eTunsia
evoluindo negativamente para os 2.3% em 2013 se comparado
com os 7.2% atingidos em 2012. (Economic Report on Africa 2014).

Exportaes e Importaes e IDE


As exportaes das economias Africanas evoluram
favoravelmente em 2.3% face a 2012. A evoluo tmida
verificada acabou por reflectir a contrao das economias dos
pases da Europa. (Economic Report on Africa 2014).
30 / A dcima sexta edio / The sixteenth edition

Performance by sub-regions (GDP growth)


GDP growth for sub-regions within Africa showed slight
positive variations in 2013. In Southern Africa GDP
increased from 3.5% to 3.6% in 2013 mainly due to
increased investment in the sub-region in the mining
sector (Economic Report on Africa 2014). In sub-Saharan
Africa, growth has remained stable (5.1% in 2013
compared to 4.8% of 2012) with the main driving forces
sustaining the growth being production of oil, mining,
agriculture, financial services and the growing domestic
economy (Economic and Social Review 2013).
For this sub-region the forecast is for growth of 5.2% in
2014 and 5.4% in 2015 (Global Economic Prospects, June
2013). Growth in Central Africa has slowed from 5.8%
in 2012 to 4.2% in 2013 largely due to political instability
in the Central African Republic where the economy
contracted by 8.9% in 2013. Growth in East Africa
remained unchanged at 6.0% in 2013. In West Africa the
growth rate also remained unchanged at 6.7% in 2013.
West Africa continued to lead the sub-regions, thanks
to investments in the oil and minerals sector amongst
other factors driving the local economies (Economic
Report on Africa 2014).
Political instability and oil supply disruptions were the main
influences on performance in North Africa especially
Egypt, Libya and Tunisia with growth reducing to
2.3% in 2013 compared with the 7.2% achieved in 2012
(Economic Report on Africa 2014).

Exports, imports and FDI


Exports by African economies grew by 2.3% compared to
2012. This slight growth is reflection of European economies
contraction (Economic Report on Africa 2014).

Imports accounted for 29.5% of GDP. For 2014 a


reduction in exports and imports of 27.5% and 29.5%
of GDP respectively is forecasted (Economic Report on
Africa 2014).

Em 2013, o Investimento Directo Estrangeiro, em frica


atingiu os USD 57 mil milhes, um crescimento em 4%,
sustentado pelos fluxos de capital entre economias Africanas,
em consonncia com os esforos de aprofundamento
da integrao regional. (World Investment Report 2014).
De referir que 75% deste volume de investimentos foram
destinados frica Subsaariana, tendo sido direcionado, em
grande parte, aos sectores de recursos naturais Oil & Gas,
mineiro, sector de servios telecomunicaes, financeiro,
retalho e logstica. (Global Economic Prospects, Jan 2014).

In 2013 foreign direct investment in Africa reached 57


billion USD, a growth of 4%, underpinned by capital flows
between African economies in line with the efforts for
deeper regional integration (World Investment Report
2014). It should be noted that 75% of these investments
were earmarked for Sub-Saharan Africa, directed
principally to the natural resource sectors, Oil and Gas,
mining and the service sector - telecommunications,
finance, retail and logistics (Global Economic Prospects,
Jan 2014).

Europa

Europe

Contexto Macroeconmico

Macroeconomic Context

O crescimento mdio do PIB verificado nos pases Europeus


rondou os 0.7% em 2013. Este crescimento reflete uma
modesta recuperao em curso na Europa. As perspectivas
do PIB do continente, indicam um crescimento de 1.4% em
2014 e de 2.3% em 2015. (The Economist Intelligence Unit).

In 2013 the average growth in GDP in European countries


was 0.7%. This growth reflects the modest recovery
under way in Europe. Forecasts for the continents GDP
are for growth of 1.4% in 2014 and 2.3% in 2015 (The
Economist Intelligence Unit).

Crescimento do PIB na Europa / GDP Growth in Europe 2012-2013

8.0
6.0
4.0

0.7%

2.0
0.0
-2.0
-4.0
-6.0
-8.0
Austria
Azerbaijo
Blgica
Bulgria
Crocia
Chipre
Repblica Checa
Dinamarca
Estonia
Finlndia
Frana
Alemanha
Grcia
Hungria
Irlanda
Itlia
Kazaquisto
Repblica da Latvia
Lituania
Holanda
Noruega
Polnia
Portugal
Romnia
Rssia
Srvia
Eslovquia
Eslovnia
Espanha
Sucia
Suia
Turquia
Ucrnia
Reino Unido

22

Por seu turno, as importaes representaram 29.5% do PIB.


Para 2014, projecta-se uma reduo das exportaes e das
importaes, em 27.5% e 29.5% do PIB respetivamente.
(Economic Report on Africa 2014).

PIB / GDP (%)

Crescimento do PIB em frica / GDP in Africa 2012 - 2013 (excluindo frica do Norte / excluding North of Africa)

2012

2013

Media / average 2013

Fonte / Source: KPMG. Dados extrados da base de dados do The Economist Intelligence Unit / Data extracted from the Economist Intelligence
Unit database

Entre as maiores economias da Europa, a Alemanha,


Frana e Reino Unido cresceram 0.5%, 0.4% e 1.7% em
2013, respectivamente. As sub-regies da Europa Central e
Oriental, registaram um crescimento que se situou em 2.2%,
em 2013, contra os 0.3% verificados em 2012. Na maioria dos
pases das sub-regies, verificou-se um abrandamento do
crescimento. Por contra-partida, o crescimento nos pases
da Europa do Leste apresentaram uma evoluo positiva de
4.0% em 2013 (Global Economic Prospects EU, June 2014).

The largest European economies, Germany, France


and the United Kingdom grew by 0.5%, 0.4% and 1.7%
respectively in 2013. The economy of the Central and
Eastern Europe sub-regions registered growth of 2.2% in
2013 compared to 0.3% in 2012. In most of the countries
in the sub-regions there was a slow-down in growth.
In contrast, the Eastern European countries showed
positive development of 4.0% in 2013 (Global Economic
Prospects EU, June 2014).
The sixteenth edition / A dcima sexta edio / 31

9.00
8.00
7.00
6.00
5.00
4.00
3.00
3.00
1.00
0.0

Media / average 2013

Uruguay

Venezuela

Suriname

Trindade e Tobago

St. Lucia

St. Kitts and Nevis

Repblica Dominicana

Peru

Porto Rico

Panama

Paraguay

Mxico

Nicaragua

Jamaica

Haiti

Honduras

Guyana

Grenada

Guatemala

Equador

El Salvador

Dominica

Costa Rica

Chile

Colmbia

2013

St. Vincent and the Grenadines

2012

Brazil

Belize

Bolvia

Bahamas

Barbados

Argentina

2012

Fonte / Source: KPMG. Dados extrados da base de dados do The Economist Intelligence Unit / Data extracted from the Economist Intelligence
Unit database

Vrias economias latino-americanas, nomeadamente o Chile,


Colmbia e Peru, experimentaram um rpido crescimento
econmico graas recuperao de vrios mercados de
exportao e forte demanda pelos seus recursos minerais,
mesmo vivendo um contexto global de incerteza (The Global
Competitiveness Report 2013 2014. World Economic Forum).
Para as economias Brasileiras e Mexicanas, esperam-se
crescimentos de 2.4% e 3.4%, respectivamente, em 2014.
(Global Economic and Prospects LAC 2014).

Several Latin American economies, namely Chile,


Colombia and Peru, experienced rapid economic growth
thanks to the recovery of various export markets and
to strong demand for mineral resources even within
the uncertain global context (Global Competitiveness
Report 2013 2014. World Economic Forum). For the
Brazilian and Mexican economies growth of 2.4% and
3.4% respectively is expected in 2014. (Global Economic
Prospects and LAC 2014).

sia

Asia

Contexto Macroeconmico

Macroeconomic Context

Em 2013, registou-se uma expanso moderada na ordem dos


5.6% da sia Oriental e da sia do Sul, devido principalmente

In 2013, there was a moderate expansion of 5.6% in


East Asia and South Asia due mainly to the deceleration

32 / A dcima sexta edio / The sixteenth edition

2013

Vietnam

Thailand

Taiwan

Sri Lank

South Korea

Singapore

Philippines

Pakisten

New Zealand

4.5%

Malaysia

3.2%

Antigua e Barbuda

PIB / GDP (%)

Crescimento do PIB na Amrica Latina e Caribe / GDP Growth in Latin American and Caribe 2012-2013

16
14
12
10
8
6
4
2
0
-2
-4

Crescimento do PIB da Asia / GDP Growth in Asia 2012-2013

Bangladesh

O crescimento do PIB na Amrica Latina e da regio


do Caribe foi de 2.5% em 2013. Uma reduo de 0.1%
comparativamente com o ano de 2012. Esta evoluo reflete
a fraca procura externa, preos baixos das mercadorias
e enfraquecimento das condies internas. Apesar da
desacelerao, prev-se uma taxa de crescimento de 3.0%
em 2014. Para 2015, as previses indicam um crescimento
de 3.2% suportado pela forte recuperao da economia
Mexicana (The Global Competitiveness Report 2013 2014.
World Economic Forum).

Japan

GDP growth in Latin America and the Caribbean region


was 2.5% in 2013, a reduction of 0.1% compared to the
year 2012. This change reflects weak external demand,
low prices of goods and weakening of internal conditions.
Despite the slowdown a growth rate of 3.0 percent is
expected in 2014. For 2015 forecasts indicate growth of
3.2% supported by the strong recovery of the Mexican
economy (Global Competitiveness Report 2013 2014.
World Economic Forum).

Indonesia

Contexto Macroeconmico

GDP growth in Pakistan (the second largest economy


in South Asia) has also been relatively weak in recent
years (on average 3.5%) and almost 5% below the
average growth during the previous decade. The relatively
weak growth rates reflect a combination of domestic
imbalances (including large fiscal deficits and high
inflation), weakening investment rates and a challenging
external environment (Global Economic Prospects Jan
2014).

ndia

Macroeconomic Context

O crescimento do PIB do Paquisto (a segunda maior


economia do Sul da sia), tambm tem sido relativamente
fraco nos ltimos anos (em mdia 3.5%), situando-se quase
5% abaixo da mdia de crescimento da dcada anterior. As
taxas de crescimento relativamente fraco, reflectem uma
combinao de desequilbrios domsticos (incluindo grandes
dfices fiscais e inflao elevada), enfraquecendo as taxas
de investimento e um ambiente externo desafiador (Global
Economic and Prospects, Jan 2014).

PIB / GDP (%)

Amrica Latina e Caribe

in export growth caused by the marginal downturn in


China (around 7.7%) and also reflecting particularly a
continuing slowdown in India (4.8%) after several years of
rising inflation and high public deficits (Global Economic
Prospects Jan 2014).

Hong Kong

Latin America and Caribbean

desacelerao do crescimento das exportaes, induzido


pelo abrandamento marginal da China (na ordem dos 7.7%) e
refletindo sobretudo uma desacelerao continuada da ndia
(4.8%), aps vrios anos de aumento da inflao e elevados
dfices pblicos.(Global Economic and Prospects, Jan 2014).

China

FDI in Europe reduced to 381 billion USD in 2013 from


437 billion USD in 2012. Forecasts however indicate
investments worth 512 billion USD in 2014 and 582 billion
USD in 2015 (Economic Intelligence Unit).

No continente Europeu, o IDE apresentou uma evoluo


negativa para os USD 381 mil milhes em 2013, perante os
USD 437 mil milhes registados em 2012. No entanto as
projeces indicam um volume de investimentos no valor de
USD 512 mil milhes e USD 582 mil milhes, em 2014 e 2015
respetivamente (The Economic Intelligence Unit).

Media / average 2013

Fonte / Source: KPMG. Dados extrados da base de dados do The Economist Intelligence Unit / Data extracted from the Economist Intelligence
Unit database

Para 2014, a regio prev um crescimento do PIB na ordem dos


6.1% e 6.4% em 2015, em consonncia com o fortalecimento da
procura externa, e uma continuada captao de investimento
internacional. (Global Economic and Prospects, Janeiro 2014).

The region expects GDP growth of 6.1% in 2014 and 6.4% in


2015 consistent with the strengthening of external demand
and continued international investment (Global Economic
Prospects January 2014).

EUA e Canada

USA and Canada

Contexto Macroeconmico

Macroeconomic Context

O crescimento do PIB nos EUA foi de 1.9% em 2013, com a


contnua recuperao da procura interna privada. O Canad
registou um crescimento do PIB que se situou em 2% em 2013,
prevendo-se um crescimento de 2.3% em 2014 e 2.4% em 2015
( World Economic Outlook, Abril 2014).

With the continuous recovery of private domestic demand


the growth of GDP in the USA was 1.9% in 2013. Canada
recorded GDP growth of 2% in 2013 and is forecasting
growth of 2.3% in 2014 and 2.4% in 2015 (World Economic
Outlook, April 2014).

Em 2013, as exportaes de bens e servios dos EUA


para o resto do mundo atingiram uma mdia mensal de
cerca de USD 189 mil milhes, sendo as importaes de
aproximadamente USD 229 mil milhes. As exportaes
representaram 13.5% da produo interna dos EUA em 2013,
uma varivel estvel e verificada em 2012 ( Economic Report
of the President, Maro 2014).

In 2013 exports of goods and services by the USA to the


rest of the world reached a monthly average of around
189 billion USD with imports of approximately 229 billion
USD. Exports accounted for 13.5% of the GDP in 2013, a
stable position compared to 2012 (Economic Report of the
President, March 2014).

O IDE nos EUA aumentou para USD 188 mil milhes em


2013, aps os USD 161 milhes registados em 2012. (World
Investment Report 2014).

FDI in the USA increased to 188 billion USD in 2013,


following the 161 million USD recorded in 2012 (World
Investment Report 2014).

The sixteenth edition / A dcima sexta edio / 33

Economia Nacional

National Economy

Por: Asslam Osman e Walter Mandlate

By: Asslam Osman and Walter Mandlate

Crescimento Econmico1

Economic growth1

Crescimento Econmico consiste no aumento da capacidade


produtiva de uma economia. Convencionalmente, medido
pela taxa de crescimento anual do PIB e, geralmente calculase em termos reais a fim de expurgar o efeito da inflao no
preo dos bens e servios produzidos.

Economic growth is the increase in the productive capacity


of an economy. It is conventionally measured by the annual
rate of growth of GDP and normally calculated in real terms
in order to remove the effect of inflation on the price of goods
and services produced.

Para o ano em anlise, foi projectado um PIB (nominal) de


472,035 milhes de MT contudo, somente foram atingidos
469,238 milhes MT. O desempenho econmico de 2013 foi
marcado pela ocorrncia de factores climatricos adversos
como cheias, inundaes e tempestades, causando a
perda de vidas humanas, para alm da destruio de
infra-estruturas pblicas e privadas. Nesta perspectiva,
a projeco para o crescimento econmico de 2013 foi
revista em baixa para 7.0% contra os 8.5% inicialmente
projectado, tendo o pas registado uma taxa de
crescimento 0.8pp acima da taxa revista.
Os sectores que registaram maior crescimento foram: (i)
Construo (15.2%); (ii) Actividades imobilirias, alugueres
e servios prestados s empresas (15.2%); (iii)Transportes,
Armazenagem e Comunicaes (12.2%); e (iv) Actividades
Financeiras (10.4%). Os sectores de Pesca, Indstria
Manunfactureira e Comrcio tiveram um crescimento
modesto de 3.7%, 4.5% e 3.0% respectivamente enquanto,
o sub-sector da Silvicultura teve uma reduo no seu
crescimento em 4.0%.
O sector de construo e montagem registou um aumento
de 9.6pp acima do planificado, devido aos trabalhos de
reabilitao e manuteno de estradas que incluram
a manuteno de 20,003 km de estrada, efectuao de
melhoramentos localizados totalizando em 1,446 km,
concluda a construo de 5 pontes e, a manuteno de 7
pontes e 11 bsculas.
O sector dos transportes e comunicaes teve um
desempenho positivo de 12.2%, tendo os sub-sectores de
Comunicaes notabilizado com um crescimento de 28.0%
resultante da maior diversificao de servios e marketing
em particular, na rede mvel. Na rea dos servios de
correios, o desempenho positivo de cerca de 29.0%, deveuse aos maiores investimentos na rea postal e no aumento
de encomendas de servios. No sub-sector Ferrovirio o
crescimento de 13% resultou do aumento do transporte
de carvo e de mercadorias em trnsito em consequncia
do aumento da capacidade de manuseamento do Porto
da Beira, que passou a receber navios 24 horas por dia e
melhorada a sua capacidade de manuseamento de carga de
6.8 para 9.6 milhes de toneladas mtricas por ano. Ainda
assim, o crescimento verificado no sector deTransportes e
Comunicaes encontra-se abaixo do planificado (14.1%).

34 / A dcima sexta edio / The sixteenth edition

For the year under review, a GDP (nominal) of MZN 472,035


million was projected however only MZN 469,238 million
was achieved. Economic performance in 2013 was affected
by adverse climatic factors such as floods and storms which
caused loss of human life in addition to the destruction of public
and private infrastructures. In response to this the projection
for economic growth in 2013 was revised downwards to 7.0%
compared to the 8.5% initially projected, the country eventually
recording growth of 0.8pp above the revised rate.
The sectors registering the highest growth were: (i)
Construction (15.2%) (ii) Real estate activities, renting
and business services (15.2%) (iii) Transport, storage and
communications (12.2%); and (iv) Financial Activities (10.4%).
The Fishing, Manufacturing Industry and Commerce sectors
showed modest growth of 3.7%, 4.5% and 3.0% respectively
whilst the Forestry sub-sector recorded a reduction of 4.0%.
The Construction sector showed an increase of 9.6pp above
the rate planned as result of rehabilitation and maintenance of
20,003 miles of roads, improvements to 1,446 miles of local
roads, construction of 5 bridges and maintenance of 7 bridges
and 11 weighbridges.
The transport and communications sector performed
positively with 12.2% growth. The communications subsector stood out with an increase of 28.0% resulting from
the greater diversification of services and marketing in
particular relating to the mobile network. Postal services
grew approximately 29.0% mainly due to higher investments
in services and an increased demand for these services.
The railways sub-sector grew 13% as result of the increase
in transport of coal and other goods, a consequence of
an increase in the handling capacity of the port of Beira
(increased its capacity from 6.8 to 9.6 million metric tons per
year, for which can now unload ships 24 hours a day). Despite
these, the transport and communications sector grew 14.1%
below the planned.
With regard to passenger traffic, the torrential rain which fell
during the first few months of the year causing temporary

No que tange ao trfego de passageiros, as chuvas


torrenciais cadas nos primeiro meses do ano, provocando
danos temporrios nas linhas frreas de Limpopo e de
Ressano Garcia, na zona Sul, e na linha de Sena, na zona
Centro do pas condicionaram o desempenho deste
sector traduzindo-se na reduo do trfego ferrovirio de
passageiros em cerca de 17.9%.
O transporte rodovirio registou uma contraco no
seu nvel de crescimento, tendo somente atingido uma
taxa de crescimento de 1.2% dos 10.6% planificados.
O desempenho deste sub-sector foi influenciado pelo
crescente congestionamento das rodovias, que contriburam
para a reduo da frequncia de veculos tanto de transporte
de carga como de passageiros e de certo modo pela
instabilidade que se registou ao longo da Estrada N1.
O sector das actividades financeiras registou uma taxa de
crescimento de 10.4% contra os 17.7% do planificado, o que
representa cerca de 59% do planificado. Este crescimento
deveu-se a dinmica do sector real da economia traduzida
pelo aumento do volume de crdito concedido nos sectores
de Construo,Transportes e Comunicaes e, Comrcio. Em
2013, entraram em funcionamento mais 35 instituies de
microcrdito, foram abertos 19 agncias de bancos, elevando
o nmero de agncias bancrias em funcionamento no
territrio nacional para 520. A estes balces, adicionamse ainda 33 agncias de micro-bancos e 8 agncias de
cooperativas de crdito, totalizando 561 agncias de
instituies de crdito presentes em todas as capitais
provinciais, municpios e em 63 distritos do pas.
Por outro lado, os sectores de Pesca, Indstria
Manufactureira e Comrcio tiveram um desempenho
modesto em ralao ao esperado. O sub-sector de
Silvicultura e Explorao Florestal registou uma reduo
no seu crescimento na ordem de 4.0%. Neste perodo, foi
tambm registada uma reduo assinalvel na emisso de
licenas de explorao da madeira em toros de 1,035 para
565 e, reduo volume de madeira em toros produzida de
321,370 m3 para 212,711 m3. O desempenho deste subsector, foi influenciado pela reclassificao de algumas
espcies, para espcies de primeira classe, as quais esto
interditas de serem exportadas em toros, devendo ser
processadas internamente e, pela nova exigncia de emisso
de licenas de explorao aps a apresentao e aprovao
dos planos de maneio, conforme previsto pelo Decreto
30/2012, de 01 de Agosto.
A tabela abaixo apresenta a evoluo da taxa de crescimento
da produo global e sectorial (%) de 2009 2013:

damage to the Limpopo and Ressano Garcia railway lines in


the South and to the Sena line in the central region affected
the performance of this sector with a fall in passenger rail
traffic of approximately 17.9%.
Road transport registered a downturn, with growth of only
1.2% compared to the 10.6% planned. The performance of
this sub-sector was influenced by the increasing congestion
on the highways, which contributed to a reduction in the
frequency of journeys for vehicles carrying both cargo
transport and passengers and by the instability that occurred
along the N1 Road.
The Financial Activities sector registered growth of 10.4%
compared to the 17.7% planned. The growth achieved
was due to dynamics within the economic sectors seen,
specifically an increase in the volume of credit granted
to the construction, transport and communications and
commerce sectors. In 2013, more than 35 microfinance
institutions began operations and 19 banks branches were
opened bringing the total number of bank branches operating
within Mozambique to 520. To this can be added 33 microcredit agencies and 8 credit unions agencies, bringing
the total number of credit institutions to 561. All these are
concentrated in provincial capitals, municipalities and 63 of
the countrys districts.
The fishing, manufacturing industry and commerce sectors
performed modestly in relation to expectations. The
Silviculture and forestry sub-sector recorded a decrease
of 4.0% in its activity. In this period there was a notable
reduction in the number of operating licenses issued in
relation to timber logs, from 1,035 to 565 and a reduction
in the volume of timber logs produced from 321,370 m3
to 212,711 m3. The performance of this sub-sector was
influenced by the reclassification of some species to firstclass species, which are prohibited from being exported as
logs and must be processed within Mozambique. The law
added a new requirement, prescribed in Decree 30/01, August
2012, which is for the issuance of operating licenses there has
to one management plan submitted and approval.
The table below presents the evolution of the growth rate for
global and sectorial production (%) from 2009 to 2013:

________________________________________________________________________________

________________________________________________________________________________

Balano do PES 2013

Review of the Economic and Social Plan (PES) 2013

The sixteenth edition / A dcima sexta edio / 35

-5.9

5.4

13.4

6.9

1.4

5.9

2.7

2.3

-4

-1.8

7.7

13.7

4.9

3.7

silvicultura e Explorao Florestal / Forestry Services


Pesca / Fisheries
Indstria de Extraco de Minerais / Mining Industry

22.3

5.6

8.7

58.4

5.2

Indstria Transformadora / Manufacturing Industry

2.8

1.9

3.1

4.5

4.5

Electricidade e gua / Electricity and Water

5.9

7.7

9.2

-3

9.7

17.1

-14

0.5

3.9

15.2

7.9

5.7

5.2

5.2

36.3

1.6

5.2

5.2

Alojamento, Restaurao e Similares / Accomodation, Restaurants and Similar Activities

2.6

11

9.8

10

Transportes e Comunicaes / Transport and Communication

15

10.1

14.8

14.2

12.2

Servios Financeiros / Financial Services

8.7

26.6

17.6

16.4

10.4

Aluguer de Imveis / Real Estate

7.8

6.4

7.2

15.2

11.9

3.4

18.4

9.8

-0.7

2.4

2.4

2.4

7.8

6.2

7.2

7.6

7.8

Construo / Construction
Comrcio / Trade
Servio de Reparao / Repair Services

Servios do Governo / Govenment Services


Outros Servios / Other Services
Total da Produo / Total Production

Inflao2

Inflation2

Em 2013, previu-se continuar a conjugar as Polticas


Monetrias, Fiscal e Cambial, de modo a manter a taxa de
inflao a um dgito, onde foi prevista uma taxa mdia de
7.5%. No entanto, a inflao mdia anual situou-se em menos
3.3pp, tendo o pas registado uma taxa de 4.2% (2012: 2.1%).
Pelo segundo ano consecutivo, a taxa de crescimento da
economia moambicana (PIB: 7.5%) situou-se acima do
crescimento do nvel geral dos preos (Inflao: 4.2%).

In 2013, the combination of fiscal, monetary and exchange rate


policies were expected to continue in order to keep the inflation
rate to one digit, with a forecast of an average rate of 7.5%. The
actual average annual inflation rate was 3.3pp less than this with
the country recording a rate of 4.2% (2012: 2.1%). For the second
consecutive year the growth of the Mozambican economy
(GDP: 7.5%) was above the growth in the general level of prices
(inflation: 4.2%).

Crescimento da Produo e Inflao / Production and Inflaction Growth

25
20

15
10
5
0
-5

1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Taxa de crescimento do PIB (real) / GDP growth rate (real)


Taxa de inflao / Inflaction rate
Fonte / Source: Baseado nos dados do BdPES e 2013 e INE / Based on data from the review of the PES 2013 and INE

________________________________________________________________________________
2

Balano do PES 2012 e Dados do Instituto Nacional de Estatsticas (INE)

36 / A dcima sexta edio / The sixteenth edition

________________________________________________________________________________
2

Review of the PES 2013 and data from the National Institute of Statistics (INE)

Variao Mensal de Preos - 2013

2
1.5

1.43
1.06

0.6
0.26

0.5

0.64

0.23
-0.41

0
-0.5
-1

0.57

Dezembro

5.9

47.7

Pecuria / Livestock

Novembro

4.6

-0.5
-0.45

-0.15

-0.34
Outubro

6.8

Setembro

7.9

Agosto

4.2

Julho

5.1

Agricultura / Agriculture

With regard to the monthly variation in the general level of


prices, data indicates that in the months from May to September
there was a noteworthy reduction of prices and in the months
January to April and October to December the greatest price
changes were registered. February had the greatest impact on
price variances due to the flooding that occurred in much of the
country.

Junho

2013

5.6

Maio

2012

6.3

Abril

2011

5.9

Maro

2010

8.6

Fevereiro

2009

Agricultura, Pecuria e Silvicultura / Agriculture, Livestock and Forestry

Janeiro

Produo / Production

No que concerne a variao mensal do nvel geral de preos,


os dados indicam que nos meses de Maio a Setembro, houve
uma reduo assinalvel de preos tendo, portanto os meses
de Janeiro a Abril e de Outubro a Dezembro registado as
maiores variaes de preos. O ms de Fevereiro foi o que
apresentou a maior variao dos preos, devido as cheias e
inundaes que se verificaram em grande parte do Pas.

Taxas de Crescimento da Produo Global e Sectorial (%), 2009 a 2013 /


Global and Sectorial Production - Growth Rates (%), 2009 to 2013

Fonte / Source: Baseado nos dados do BdPES e 2013 e INE / Based on data from the review of the PES 2013 and INE

Ao nvel das trs principais cidades capitais (Maputo, Beira


e Nampula), a Cidade de Nampula foi a que registou a maior
taxa de inflao mdia anual de 5.11%, seguido pela Cidade de
Maputo e Beira com 4.21% e 2.64%, respectivamente.3

Of the three major capital cities (Maputo, Beira and


Nampula), Nampula city registered the highest annual
average inflation rate 5.11%, followed by Maputo and Beira
with 4.21% and 2.64%, respectively.3

De modo geral, a nvel internacional, os preos apresentaram


sinais significativos de agravamento ao longo do ano. Importa
realar somente um ligeiro agravamento de preos registado
nos pases emergentes e em desenvolvimento. Em funo
destes dados, pode-se aferir que de certo modo a inflao
registada nos primeiros quatro meses do ano em anlise
est relacionada com aspectos internos, nomeadamente, as
cheias ocorridas que assolaram extensas reas de cultivo, em
particular nas regies sul e centro, devastando culturas, infraestruturas diversas, para alm da paralisao da actividade
produtiva em outros sectores. O agravamento em termos
acumulados dos preos do carvo, farinha de milho, farinha de
mandioca e cebola melhor elucida esta situao.

At the international level, prices generally showed


significant signs of worsening over the course of the
year. It should be noted however that only slight increase
in prices were recorded in emerging and developing
countries. In the light of this data we can conclude that
the levels of inflation recorded in the first four months
of the year under review resulted from internal events,
in particular the floods that occurred affecting extensive
areas of cultivation mainly in the southern and central
regions, devastating crops and various infrastructures as
well as paralysing productive activity in other sectors. The
accumulated increase in prices for coal, corn flour, cassava
flour and onion best exemplify this situation.

Neste perodo, registou-se tambm uma relativa estabilidade


da taxa de cmbio em relao as principais moedas de
transaco. A apreciao do Metical face ao Rand e a
estabilidade de preos no mercado Sul-africano permitiu que
as importaes de produtos fossem efectuados a preos mais
baixos.

During this period there was also relative stability in the


exchange rate against the major transaction currencies.
The appreciation of the Metical against the Rand and price
stability in the South African market allowed products to
be imported at lower prices.

De modo a reduzir o custo de vida, foram implementadas


algumas medidas designadamente: a manuteno do
subsdio ao preo da farinha de trigo para a produo de po;
(ii) a fixao do preo de referncia para efeitos de clculo de
direitos aduaneiros na importao de produtos frescos (batata,
cebola, tomate e ovos) que foram fixadas em baixa nos casos
em que no h produo e, a manuteno do preo de alguns
servios como a gua e energia.
________________________________________________________________________________
3

Dados do INE

In order to reduce the cost of living some specific


measures were implemented namely (i) maintenance
of the subsidy on the price of wheat flour used for the
production of bread; (ii) maintenance of the reference
pricing used for calculating the customs duties on the
import of fresh produce (potato, onion, tomato and eggs)
established for occasions when there is no production
in Mozambique and (iii) maintaining the price of some
services such as water and electricity.
________________________________________________________________________________
3

INE statistics

The sixteenth edition / A dcima sexta edio / 37

Taxas de Cmbio4

Exchange rates4

Em Dezembro de 2013, a taxa de cmbio do Metical em relao


ao Dlar dos Estados Unidos da Amrica situou-se em 29.95
(MTn/USD), representando uma depreciao anual nominal
do metical de 1.49%, comparativamente a depreciao de
8.7% registada em 2012. A relativa estabilidade do Metical
face ao Dlar norte-americano no perodo em anlise, deveuse maior disponibilidade de divisas no mercado cambial,
como consequncia das alteraes legislativas introduzidas
recentemente no mercado cambial e do incremento dos nveis
de investimento directo estrangeiro, particularmente nos grandes
projectos. No que concerne aos Bancos Comerciais, o spread
entre a taxa de cmbio e das cotaes, reduziu de 0.75% em
Dezembro de 2012 para 0.60% em Dezembro de 2013.

In December 2013, the exchange rate of the Metical


against the United States Dollar maintained at 29.95 (MTn/
USD), representing a nominal annual depreciation of the
metical of 1.49% compared to 8.7% depreciation in 2012.
The relative stability of the Metical against the American
Dollar in the period under review was due to the increased
availability of foreign currency in the Forex market resulting
from the recently introduced legislative changes and
increasing levels of foreign direct investment particularly
in large projects. With regard to the commercial banks, the
spread between the exchange rate prices reduced from
0.75% in December 2012 to 0.60% in December 2013.

Em relao a cotao do Rand Sul-Africano, a moeda nacional


registou uma apreciao anual de 18.16%, tendo a cotao MTn/
ZAR situando-se em 2.84 Meticais por cada unidade de Rand,
comparativamente a igual perodo de 2012, a cotao MTn/ZAR
foi de 3.47.

In relation to the price of the South African Rand the


national currency showed an annual appreciation of
18.16%, with a value of at 2.84 MTn/ZAR (Meticais per
each unit of Rand), compared to 3.47 MTn/ZAR for the
same period in 2012.

34.00

5.00

32.00

4.50

30.00

4.00

28.00

3.50

26.00

3.00

24.00

2.50

22.00

1.50

20.00

1.00

No ano de 2013, de acordo com Centro de Promoo de


Investimentos, o total de investimentos no pas atingiu cerca de
USD 4,224,032,75, dos quais USD 1,363,367,086 referem-se ao
IDE, este investimento total gerou cerca de 35,627 novos postos
de trabalho. Durante este ano, foram aprovados 515 projectos
de investimento, dos quais, o sector de Servios lidera a lista
com 147 projectos aprovados, seguido pelo sector de Indstria
com 138 projectos, o sector de Transportes e Comunicaes
com 73, Hotelaria e Turismo com 57 projectos, Agricultura e
Agro-indstrias com 54 projectos, 38 projectos para o sector de
Construo e Obras Pblicas, 5 para Comrcio e, 3 para o sector
de Aquacultura e Pescas.

According to the Centre for the Promotion of Investments, in


2013 the total of investments in the country reached around
USD 4,224,032,751, of which USD 1,363,367,086 relates
to Foreign Direct Investment; total investments generated
about 35.627 new jobs. During the year 515 investment
projects were approved; the service sector leads the list
with 147 approved projects followed by the industry sector
with 138 projects, the transport and communications sector
with 73, hospitality industry and tourism with 57 projects,
agriculture and agro-industries with 54 projects, 38 projects
for the construction and public works sector, 5 for commerce
and 3 for the aquaculture and fisheries sector.

Investimento Aprovado por Sector / Approved Investments per Sector


0.1%

Agricultura e Agro-Indstria / Agricultura and Agro-Industry


Servios / Services

20.8%

8.8%

Indstria / Industry
Construo e Obras Pblicas / Constrution

6.6%

11.6%

Hotelaria e Tirismo / Tourism


Transportes e Comunicaes / Transports and Communications
Aquacultura e Pescas / Aquaculture and Fishery

38.2%

MTN / ZAR

Fonte / Source: Banco de Moambique / Banco de Moambique

0.1%

14.0%

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
MTN / USD

tendency as the Central Banks reference interest rates.


Interest rates for active operations (credit) for one year
maturity decreased slightly from 20.47% in December
2012 to 20.25% in November 2013. Passive operations
(deposits) showed a sharper reduction of 1.12pp
dropping to 9.13% in November 2013.

Investments6

Investimentos6

MTN / ZAR

MTN / USD

Taxas de Cmbio (mdias anuais) / Exchange Rates (annual averages)

a mesma tendncia das taxas de juro de referncia do Banco de


Moambique. As taxas de juro para as operaes activas (crdito)
para a maturidade de um ano decresceu ligeiramente para
20.25% em Novembro de 2013, aps 20.47% em Dezembro de
2012. As operaes passivas (depsitos) registaram uma reduo
mais acentuada, na ordem de 1.12pp passando para 9.13% em
Novembro de 2013.

Comrcio / Commerce

Fonte / Source: Baseado nos dados dos projectos aprovados pelo CPI - Centro de Promoo de Investimentos / Based on the data on projects
approved in 2013 by the CPI - Investments Promotion Centre

Taxas de Juro5

Interest rates5

Em 2013, o Banco de Moambique reduziu as taxas de juro de


referncia do nomeadamente, a Facilidade Permanente de Cedncia
dos anteriores 9.50% em 2012 para 8.25% (uma reduo na ordem
de 1.25pp) e a Facilidade Permanente de Absoro em 0.75pp,
passando dos 2.25% em 2012 para 1.50% em 2013.

In 2013, the Central Bank of Mozambique reduced its


reference interest rates namely the Marginal Lending Facility
(FPC) from 9.50% in 2012 to 8.25% (a reduction of 1.25pp)
and the Marginal Absorption Facility (FPA) by 0.75pp from
2.25% in 2012 to 1.50% in 2013.

No sentido inverso as redues registadas nas taxas de juro


de referncia (FPC e FPA), as restantes taxas de juro aplicadas
em outros produtos transaccionados no Mercado Monetrio
Interbancrio aumentaram. As taxas de juros dos BTs para as
maturidades 91, 182 e 364 dias aumentaram em 2.65pp, 3.21pp
e 3.62pp fixando-se em Dezembro de 2013 em 5.25%, 6.60% e
7.30%, respectivamente. Situao semelhante ocorreu para as
taxas de juro de permuta de liquidez entre instituies de crdito
que, aumentou em 0.65pp passando para 3.40% em Dezembro
de 2013.

In contrast to the reductions recorded in reference


interest rates (FPC and FPA), the remaining interest
rates applied to other products traded in the Inter-bank
Monetary Market increased. Interest rates for Treasury
Bills for maturities of 91, 182 and 364 days increased by
2.65pp, 3.62pp and 3.21pp closing in December 2013 at
5.25%, 6.60% and 7.30%, respectively. A similar situation
occurred for interest rates on liquidity swaps between
credit institutions which increased by 0.65pp moving to
3.40% in December 2013.

No que concerne as taxas de juro praticadas pelas instituies


de crdito nas transaces com os seus clientes, estas tiveram

Interest rates applied by credit institutions on


transactions with their clients showed the same

________________________________________________________________________________

________________________________________________________________________________

Review of the Economic and Social Plan

Review of the Economic and Social Plan and statistics from the Banco de Mozambique

Balano do PES
Balano do PES e dados estatsticos do Banco de Moambique

38 / A dcima sexta edio / The sixteenth edition

Os sectores da Indstria, Agricultura e Agro-indstria, Transportes


e Comunicaes e o sector de Servios, destacam-se na lista dos
sectores com o maior volume investimento alocado com cerca de
38%, 20%, 14% e 11%, respectivamente. Todos estes sectores,
totalizam mais de 80% do valor total dos investimentos realizado
durante o perodo em anlise.

The industry, agriculture and agro-industry, transport and


communications and the service sectors stand out as the
sectors with the largest investment volumes, approximately
38%, 20%, 14% and 11% of the total respectively. Investment
in these sectors accounts for more than 80% of the total value of
investments made during the period under review.

Projectosos Aprovado por Sector / Projects Approved per Sector


5

Agricultura e Agro-Indstria / Agricultura and Agro-Industry


Servios / Services

54

73

Indstria / Industry
Construo e Obras Pblicas / Constrution

57

147

Hotelaria e Tirismo / Tourism


Transportes e Comunicaes / Transports and Communications

38
138

Aquacultura e Pescas / Aquaculture and Fishery


Comrcio / Commerce

Fonte / Source: Baseado nos dados dos projectos aprovados pelo CPI - Centro de Promoo de Investimentos / Based on the data on projects
approved in 2013 by the CPI - Investments Promotion Centre
________________________________________________________________________________

________________________________________________________________________________

Baseado nos dados dos projectos aprovados pelo Centro de Promoo de Investimentos (CPI)

Data on projects approved by the Centre for the Promotion of Investments (CPI)

The sixteenth edition / A dcima sexta edio / 39

In terms of employments generated by the 515


investment projects approved in 2013 (2012: 350), about
35.627 new employments were created. The agriculture
and agro-industry sector employed the largest number of
employees 9,395, followed by services and construction
and public works sectors with 8,982 and 5,142
employments, respectively.

Em termos de empregos gerados pelos 515 projectos de


investimentos aprovados em 2013 (2012: 350), foram criados
cerca de 35,627 novos postos de trabalho, onde, o sector de
Agricultura e Agro-indstria empregou o maior nmero de
trabalhadores 9,395, seguido pelos sectores de Servios e
Construo e Obras Pblicas com 8,982 e 5,142 postos de
trabalho, respectivamente.

Fluxo de IDE por pas de origem / Flow of FDI by country of origin


1.5%

1.5%

1.5% 1.0%

0.6%

3.1%
3.6%
6.5%

Empregos criados a partir de Investimentos / Jobs created from Investments

36.0%

17.2%

103 59

24.3%

Agricultura e Agro-Indstria / Agricultura and Agro-Industry

1,593

Servios / Services

2,851

Indstria / Industry

9,395

Construo e Obras Pblicas / Constrution

5,142

Hotelaria e Tirismo / Tourism


Transportes e Comunicaes / Transports and Communications
7,502

Emiratos Arabes Unidos (EAU)


Portugal
frica do Sul
Maurcias
China
Reino Unido
Brasil
ndia
Itlia
Lesotho
Sudo
Outros Pases

3.2%

Aquacultura e Pescas / Aquaculture and Fishery

8,982

Comrcio / Commerce

Fonte / Source: Baseado nos dados dos projectos aprovados pelo CPI - Centro de Promoo de Investimentos / Based on the data on projects
approved in 2013 by the CPI - Investments Promotion Centre

Do total do investimento aprovado, a Cidade de Maputo foi a


provncia que registou o maior volume de investimento, com
cerca de 31% do total do investimento, seguida pela provncia
de Inhambane que obteve 25.67%, Gaza com 20.66%, provncia
de Maputo com 7.79%, Nampula com 4.84%, Zambzia com
3.63%, e por fim, as Provncias de Sofala, Tete, Niassa, Manica e
Cabo Delgado com um agregado de 6.44%.

Maputo City benefitted from the largest amount of


investments with about 31% of the total followed by
Inhambane province gaining 25.67%, Gaza with 20.66%,
Maputo province with 7.79%, Nampula and Zambzia
with 4.84% and 3.63% respectively and finally, the
provinces of Sofala, Tete, Niassa, Manica and Cabo
Delgado with an aggregate total of 6.44%.

Investimento aprovado por Provncia / Investments approved by province


1.77%

0.33%

4.86%

3.24%

1.77%

0.65%

1.94%

31.22%

25.67%

7.79%
20.74%

Cabo Delgado
Niassa
Nampula
Zambzia
Tete
Manica
Sofala
Inhambane
Gaza
Cidade de Maputo
Maputo

Fonte / Source: Baseado nos dados dos projectos aprovados pelo CPI - Centro de Promoo de Investimentos / Based on the data on projects
approved in 2013 by the CPI - Investments Promotion Centre

Os principais pases de origem do IDE em 2013 foram: frica do


Sul (RAS) com 26.7% de todo o IDE, China com 16.79%, Portugal
com 12.59%, Sua com 10.83%, Alemanha com 10.3%,
Emiratos rabes Unidos (EAU) com 3.54%, Uganda com
2.76%, Maurcias com 2.12%, Itlia, Reino Unido, Singapura,
Turquia e ndia com 1.95%, 1.76%, 1.74, 1.62% e 1.05%,
respectivamente e por fim, com cerca de 6.0% os Outros
pases investidores em Moambique.

40 / A dcima sexta edio / The sixteenth edition

In 2013, Foreign Direct Investment originated from South


Africa (RSA) with 26.7% of all FDI, China with 16.79%,
Portugal with 12.59%, Switzerland with 10.83%, Germany
with 10.3%, United Arab Emirates (UAE) with 3.54%,
Uganda with 2.76%, Mauritius with 2.12%, Italy, United
Kingdom, Singapore, Turkey and India with 1.95%, 1.76%,
1.74%, 1.62% and 1.05% respectively and finally around
6.0% from other countries investing in Mozambique.

Fonte / Source: Baseado nos dados dos projectos aprovados pelo CPI - Centro de Promoo de Investimentos / Based on the data on projects
approved in 2013 by the CPI - Investments Promotion Centre

Balana Comercial7

Trade Balance7

Dados disponveis at ao momento, indicam que, at


Setembro de 2013 as exportaes cresceram em 8.93%,
tendo atingido USD 2,834 milhes, se comparado com igual
perodo de 2012 em que situou-se nos USD 2,601 milhes. O
valor total das exportaes programado para 2013 foi de USD
3,989 milhes. Os grandes projectos foram responsveis
por USD 1,644 milhes em exportaes. Relativamente s
importaes, foi registado at Setembro o valor de USD 5,944
milhes o que representa cerca de 69% do valor programado
para o ano de 2013 (USD 8.629 milhes).

Available data so far indicates that up to September 2013 total


exports had reached USD 2,834 million 8.93% higher than the
USD 2,601 million recorded for the same period in 2012. The
anticipated total value of exports for 2013 was USD 3,989 million.
Major projects accounted for USD 1,644 million in exports. For
imports, USD 5,944 million was registered up to September
representing approximately 69% of the expected value for 2013
(USD 8,629 million).

At Setembro de 2013, os bens que mais contriburam para


o desempenho das exportaes foram: alumnio, carvo,
energia elctrica, acar, gs, areias pesadas e tabaco
com contribuies acima de USD 100 milhes por cada
um dos bens. Os bens registaram dinmicas diferentes
decorrentes das necessidades e variaes nos preos no
mercado internacional.
(i) A queda do preo mdio do alumnio no mercado
internacional em 7.7% e das receitas em 3.7% fez com
que o valor exportado no ultrapassasse os USD 812.8
milhes. Contudo, a reduo do preo no impediu que o
alumnio ocupasse o primeiro lugar na lista dos produtos
mais exportados.
(ii) O carvo registou um crescimento de 11.9%
comparativamente ao ano de 2012, este crescimento
explicado pelo aumento das quantidades exportadas
conseguindo superar o efeito negativo da queda do
preo internacional em 12.7% e as dificuldades logsticas
relacionadas com limitaes na capacidade de exportao.
O carvo ocupa a segunda posio dos produtos mais
exportados com um valor de cerca de USD 350.2 milhes.
(iii) A exportao de energia elctrica atingiu USD 197.4
milhes at Setembro de 2013 o que significou um
incremento de 1.8% no nvel de exportaes de energia
comparando com 2012, motivado essencialmente pelo
investimento feito na reposio das infra-estruturas de
transporte de energia elctrica para a frica do Sul que
sofreram danos na poca chuvosa.

In the period up to the end of September the goods with the


most significant impact on the value of exports were aluminium,
coal, electric power, gas, sugar, tobacco and heavy mineral sands
accounting for more than USD 100 million for each of this goods.
The export of these goods exhibit different dynamics arising from
demand and variations in prices in the international market.
(i) the reduction in the average price of aluminium on the
international market by 7.7% and a fall in revenues of 3.7%
meant that the export value did not exceed USD 812.8
million. However, the price reduction couldnt prevent
aluminium occupying first place in the list of exported
products;
(ii) exports of coal achieved growth of 11.9% compared to
the year 2012, this growth is explained by the increase in
the quantities exported overcoming the negative effects of
a fall in the international price of 12.7% and the logistical
difficulties relating to limitations in exportation capacities.
Coal occupies the second position in the list of exported
products with export sales of around USD 350.2 million;
(iii) electrical energy exports reached USD 197.4 million
by September 2013, an increase of 1.8% compared
to 2012, this was driven primarily by investment in
the replacement of the infrastructure of electricity

________________________________________________________________________________

________________________________________________________________________________

Balano do PES 2013

Review of the Economic and Social Plan (PES) 2013

The sixteenth edition / A dcima sexta edio / 41

(v) O volume das exportaes das Areias Pesadas


(ilmenite, rutilo e zirco) foi afectado pela reduo da
procura do mercado internacional, concretamente o
mercado asitico tendo registado uma queda de 37.5%
em relao a 2012. A receita total arrecadada para o ano
de 2013 foi de USD 103.9 milhes;
(vi) No que concerne ao Tabaco, importa referir que, o bom
desempenho agrcola e medidas de controlo evaso fiscal e
contrabando resultaram em exportaes que atingiram USD
171.9 milhes representando um crescimento anual de 1.0%.
(vii) O acar registou bom desempenho registando um
crescimento na ordem de 69%, tendo registado uma
receita de cerca de USD 163 milhes em 2013 contra USD
88.2 milhes registados em 2012. Este crescimento foi
motivado essencialmente pela subida do preo no mercado
internacional e o aumento das quantidades exportadas.
(viii) O volume exportado do algodo atingiu, em 2013, o
valor de USD 74.3 milhes motivado pelo aumento do preo
no mercado internacional (9.1%) e aumento da quantidade
exportada que superou em 100% quando comparado com
igual perodo do ano anterior;
(ix) A reexportao para os pases do interland (Zimbabwe,
Botswana e Malawi), renderam ao pas receitas na ordem
de USD 24 milhes e, a venda de combustveis, leos
e lubrificantes s transportadoras areas e martimas
estrangeiras, renderam USD 30.1 milhes, o que representa
um crescimento na ordem de 38%.
(x) As receitas provenientes da exportao da Banana
sofreram uma queda de 27%, como resultado das
dificuldades de penetrao no mercado europeu e asitico,
combinadas com a reduo do preo mdio internacional
em 3,0%. As receitas provenientes da exportao da
Banana no ultrapassaram os USD 20 milhes.

transmission lines to South Africa which had suffered


damage during the rainy season;
(iv) the increase in the quantities of gas exported resulted in
growth of 34.2% compared to the previous year rising from
USD 133.5 million to USD 180.2 million;
(v) the volume of exports of heavy mineral sands (ilmenite,
rutile and zircon) was affected by a reduction in demand
from the international market, particularly the Asian market,
and recorded a fall of 37.5% compared to 2012. The total
revenue collected for the year 2013 was USD 103.9 million;
(vi) with regard to tobacco it should be noted that the
good agricultural performance and successful measures
to control tax evasion and smuggling have resulted in
exports reaching USD 171.9 million representing an
annual growth rate of 1.0%.
(vii) sugar exports performed well registering growth of
69% and revenue of approximately USD 163 million in 2013
compared to USD 88.2 million in 2012. This growth was
driven mainly by the price rise in the international market and
the increase in the quantities exported.
(viii) the volume of cotton exports reached USD 74.3 million
in 2013 spurred on by the increase in the price in the
international market (9.1%) and an increase of more than
100% in the quantity exported compared to the same
period of the previous year;
(ix) re-exportation to countries in the hinterland (Zimbabwe,
Botswana and Malawi), yielded the country receipts
of around USD 24 million and the sale of fuels, oils and
lubricants to air carriers and foreign maritime transporters
yielded USD 30.1 million which represents growth of 38%.
(x) revenue from the export of bananas suffered a fall
of 27% as a result of the difficulties of penetrating the
European and Asian markets combined with a reduction in
the international average price of 3.0%. Revenue from the
export of bananas was less than USD 20 million.

A importao dos principais bens de consumo registaram


um crescimento, com maior destaque para o leo alimentar,
cereais, medicamentos e automveis acima de 100%, 44%,
26% e 13%, respectivamente gerando receitas na ordem
de USD 907.2 milhes.

Imports of the principal consumer goods increased with greatest


impact seen in imports of cooking oil, grain, medicines and
vehicles at 100%, 44%, 26% and 13% respectively generating
revenue in the order of USD 907.2 million.

Para 2013, foi estimado um volume total de importaes de


cerca de USD 8,629 milhes, no entanto at Setembro de
2013, do valor planeado foi realizado um montante de cerca de
USD 5,943 milhes. Deste valor, cerca de USD 1,119 milhes
correspondem a importao de matrias-primas e bens
intermedirios o que representa um incremento de 20.2% em
relao a 2012, este crescimento explicado pelo aumento
na importao de combustveis em 26.0%, para USD 863.8
milhes com vista a responder em parte, as necessidades
crescentes de matrias-primas das empresas de IDE. Este
crescimento tambm justificado pelo crescimento na
importao de Cimento em 87.9% para USD 61.7 milhes

For 2013, the total volume of imports was forecast at USD


8,629 million of this value USD 5,943 million had been
imported up to the end of September. Approximately USD
1,119 million of this total relates to the import of raw materials
and intermediate goods representing an increase of 20.2%
compared to 2012 this growth is explained by the increase
of 26.0% in the import of fuels to USD 863.8 million
aimed in part at responding to the growing needs for
raw materials for FDI businesses. This growth is also
explained by the growth in imports of cement by
87.9% to USD 61.7 million which was necessary to

42 / A dcima sexta edio / The sixteenth edition

como forma de suprir com o dfice da produo interna


face a expanso do parque imobilirio e da construo de
empreendimentos pblicos.
A expanso de empresas instaladas no pas assim como
a entrada de novas provenientes de Investimento Directo
Estrangeiro particularmente ligadas aos projectos de
expanso das unidades fabris j instaladas no pas, a
prospeco e explorao de recursos naturais com
destaque para o gs natural fez com que o volume de
importao atingisse USD 1,512 milhes at Setembro de
2013. Contudo, este valor decresceu tendo em conta que
at igual perodo de 2012 o volume de importaes dos
grandes projectos chegou a USD 1,720 milhes.
Aliado ao investimento directo estrangeiro, a necessidade
de aquisio de equipamento e tecnologia contribuiu para o
crescimento das importaes de bens de capital na ordem dos
34% em relao ao perodo homlogo de 2012, representando
o volume total de cerca de USD 1,673 milhes. Outras
importaes relevantes so as de alumnio bruto com cerca
de USD 371.8 milhes, material de construo com volume de
importao na ordem de USD 316.1 milhes e as importaes
de petrleo com USD 109.4 milhes.

make up the deficit in domestic production in the face of the


expansion of house building and construction by the state.
The increase in companies located in the country together
with new foreign direct investment particularly linked to
expansion projects for existing manufacturing units as well
as the exploration and exploitation of natural resources with
an emphasis on natural gas contributed to the import volume
reaching USD 1,512 million by September 2013, however, this
figure is less than the volume of imports for major projects for
the same period of 2012 which reached USD 1,720 million.
Allied to foreign direct investment is the need for the
acquisition of equipment and technology which contributed
to the growth in imports of capital goods of 34% compared
to the same period in 2012 taking it to a total volume of
USD 1,673 million. Other significant imports are raw
aluminium with an import volume of about USD 371.8 million,
construction material with around USD 316.1 million and
imports of petroleum with USD 109.4 million.

Evoluo da Balana Comercial / Trade Balance Evolution

7,000.00
USD milhes / millions

(iv) O aumento das quantidades exportadas de Gs


resultou num incremento em 34.2%, comparativamente
ao ano passado, passando de USD 133.5 milhes para
USD 180.2 milhes.

6,000.00
5,000.00
4,000.00
3,000.00
2,000.00
1,000.00
0.00

2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Exportaes / Export

Importaes / Import

The sixteenth edition / A dcima sexta edio / 43

Analise
Agregada
Aggregate
Analysis
Por / By : Iolanda Cal, Drcio
Maumana e Wendy Massavanhane

Durante o perodo em anlise, o volume de negcios do


conjunto das 100 Maiores Empresas de Moambique
atingiu o valor mximo de 281,548 milhes de MT, o que
representa um crescimento de cerca de 18.80% em relao
a 2012. Este crescimento foi mais acentuado em Meticais
do que em Dlares Norte Americanos, como resultado da
apreciao do Metical face ao Dlar.
Em termos de resultado lquido, as 100 Maiores Empresas de
Moambique totalizaram lucros de cerca de MZN 7,396 milhes,
um decrscimo de 65.24% quando comparado com 2012.
Os Activos Lquidos agregados totalizaram cerca de MZN
814,800 milhes, representando um crescimento em
33.17% face a 2012.
No que diz respeito aos Capitais Prprios o conjunto
das 100 Maiores Empresas, registou um decrscimo na
ordem de 7.85% comparativamente a 2012, totalizando
MZN 206,819,milhes.
44 / A dcima sexta edio / The sixteenth edition

During the period under review, the total revenue of the


Top 100 companies in Mozambique reached MZN 281,548
million representing growth of around 18.80% compared
to 2012. As a result of the appreciation of the Metical
against the dollar the % growth was more pronounced in
Meticais than in American Dollars.
In terms of net profits, the Top 100 companies in
Mozambique recorded total profits of approximately MZN
7,396 million, a decrease of 65.24% compared to 2012.
Net aggregated assets totalled approximately MZN
814,800 million representing growth of 33.17% from 2012.
As regards equity, the total for the Top 100 companies
decrease by 7.85% from 2012 to MZN 206,819 million.
In respect to the number of employees, the Top 100
companies absorbed 72,995 workers, which represents an
increase of 16.07% compared to 2012.

Na componente referente ao nmero de trabalhadores, o


agregado das 100 Maiores Empresas absorveu um total
de cerca de 72,995 trabalhadores, o que representa um
incremento na ordem de 16.07%, comparativamente a 2012.

Anlise do Ranking
Volume de Negcios
O volume de negcios das 100 Maiores Empresas de
Moambique para o ano de 2013 foi de MZN 281,548
milhes, o que representa um crescimento de MZN
44,557 milhes em relao a 2012. Esse crescimento
foi mais uma vez influenciado pelo desempenho dos
sectores de Indstria que arrecadaram MZN 83,148
milhes e Comrcio com MZN 59,418 milhes, que
representam cerca de 50% do volume de negcios de
todos os sectores.

Analysis of the Ranking


Revenue
In 2013 the revenue of the Top 100 companies in
Mozambique was MZN 281,548 million, representing
growth of MZN 44.557 million in relation to the previous
year. This growth was once again influenced by the
performance of the industry sector which earned MZN
83,148 million and the commerce sector with MZN 59,418
million which together represented about 50% of the
revenue for all sectors.
The charts below illustrate the evolution of the revenue of
the Top 100 companies in Meticais and US dollars, from
1998 to 2013.

Os grficos abaixo, ilustram a evoluo do volume de


negcios das 100 Maiores Empresas, tanto em Meticais como
em Dlares Americanos, desde o ano 1998 ao ano 2013.
The sixteenth edition / A dcima sexta edio / 45

Volume de Negcios Total das 100 Maiores Empresas


Top 100 Companies Total Revenue (MZM)
O grfico que se segue, ilustra a distribuio do volume de
negcios por sector de actividades entre os anos 2013 e 2012.

Volume de Negcios Total das 100 Maiores Empresas


250 000 Top 100 Companies Total Revenue (MZM)

Volume de Negcios por Sector


Revenues per Sector

281 548

236 990
236 990

224 711
224 711

194 313

146 769
146 769

139 984
139 984

129 833
129 833

108 114
108 114

87 645
87 645

86 735

58 977
58 977

51 431

46 448

24 539

17 614

100%
80%
60%
40%

2011

2012 2013

1998

1999

2000 2001

2002 2003 2004 2005 2006 2007 2008 2009 2010

2011

2012 2013

51 431

2002 2003 2004 2005 2006 2007 2008 2009 2010

46 448

2000 2001
24 539

1999
17 614

1998
14 463

14 463

50 000
100

86 735

150 000
100
000

194 313

200
000
150 000

281 548

250 000
200

50 000
0

The following chart illustrates the distribution of revenue


by sector between 2012 and 2013.

20%
0%
2013

2012

Volume de Negcios Total das 100 Maiores Empresas


Top 100 Companies Total Revenue (USD)

2013

2012

0.6

0.6

Alojamento, Restaurao e Similares | Accommodation, Food and Beverages

Volume de Negcios Total das 100 Maiores Empresas


9 000 Top 100 Companies Total Revenue (USD)

2.5

2.6

Agricultura e Pescas | Agriculture and Fisheries

4.4

5.6

Comunicaes | Communication

8 000

5.8

4.8

Construo | Construction

11.8

12.4

Transportes e Armazenagem | Transports ans Storage

12.2

12.6

Servios | Services

12.2

11.2

Actividades Financeiras e de Seguros | Financial Activities and Insurance

9 000
7
8 000
6

2011

8 393

9 413

8 393

9 413

7 733
7 733

5 463
5 463

6 687

5 490
5 490

4 311
4 311

5 365

3 808

4 662

2 527
2 527

2002 2003 2004 2005 2006 2007 2008 2009 2010


2 216

2000 2001

2 216

2 243

1 594

1 388

1999

2 243

1998

1 594

1 000

1 388

2 000
0

1 219

3 000
1

1 219

2
4 000

3 808

4 662

5
3 000
000

5 365

6
4 000
000

6 687

5
7 000

2012 2013

0
As mentioned
above
the sectors
which2011
contributed
Como referenciado
acima,
os sectores
1998 1999
2000
2001 que
2002mais
2003 2004 2005
2006 2007
2008
2009 2010
2012 most
2013
contriburam para o crescimento do volume de negcios to the growth in revenue were commerce and industry.
foi o da Indstria e de Comrcio. Dentro desses
Within these sectors prominence goes to companies
sectores, importa destacar as empresas Mozal, SARL
Mozal, SARL which contributed more than 38% of the
que contribui com mais de 38% do volume de negcios
industry sector revenue and PETROMOC, SA which
arrecadado pelo sector de Indstria e PETROMOC, SA
que contribuiu com mais de 31% do volume de negcios contributed more than 31% of the revenue earned by the
arrecadado pelo sector de Comrcio
commerce sector.
46 / A dcima sexta edio / The sixteenth edition

21.10 20.58

Comrcio | Commerce

29.53 29.57

Indstria | Industry

Os sectores de Construo, Actividades Financeiras e


de Seguros e Comrcio, tiveram as maiores taxas de
crescimento do volume de negcios no ranking das 100
Maiores Empresas em relao a 2012, com taxas de 41.24%,
29.41% e 21.86%, respectivamente. Contrariamente, o sector
de Comunicaes registou um decrscimo de 8% em relao
a edio anterior da pesquisa (2012/2011: 6.19%)

In the Top 100 companies ranking the construction, financial


and insurance activities and commerce sectors had the
highest growth rates in revenue compared to 2012 with rates
of 41.24%, 29.41% and 21.86% respectively. In contrast the
communications sector registered a decrease of 8% compared
to the previous edition of the survey (2012/2011: 6.19%).

Em 2013, o volume de negcios das 10 Maiores Empresas


de Moambique, totaliza MZN 124,829 milhes, contra
os MZN 118,254 milhes verificados no ano anterior, o
que representa um crescimento de 5.56%. A semelhana
do perodo anterior, a Mozal, SARL tem maior peso no
volume de negcios das 10 Maiores Empresas com
cerca de 25%, e seguido da Petromoc Petrleos de
Moambique, SA com 15% do volume de negcios.

In 2013, the turnover of the 10 largest companies in


Mozambique totalled MZN 124,829 million compared to the
MZN 118,254 million recorded in the previous year which
represents growth of 5.56%. As in the previous year Mozal,
SARL achieved the biggest share of the turnover of the top
10 companies with around 25% followed by Petromoc
Petrleos de Moambique, SA with 15% of the revenue.
The sixteenth edition / A dcima sexta edio / 47

Resultados Lquidos

Net Results

No perodo em anlise as 100 Maiores Empresas realizaram


proveitos na ordem de MZN 7,396 milhes, contra os
MZN 21,278 milhes verificado no perodo anterior, um
decrscimo de 65.24%. O sector de Alojamento, Restaurao
e Similares teve a maior taxa de crescimento dos seus
resultados lquidos (2,043%), registando lucros na ordem dos
MZN 105 milhes, seguido pelo Sector de Construo com
48.25% registando lucros na ordem de MZN 676 milhes.

In the period under review the top 100 companies achieved


profits of approximately MZN 7,396 million compared to
the MZN 21,278 million recorded in the previous period, a
decrease of 65.24%. The accommodation, restaurants and
similar activities sector had the highest rate of growth in its
net results (2,043%) with profits in the order of MZN 105
million, followed by the construction sector with 48.25%
growth and profits in the order of MZN 676 million.

O sector da Indstria registou prejuzos na ordem dos


MZN 6,167 milhes, este resultado foi influenciado
principalmente pelo desempenho negativo das empresas
Vale Moambique, SA e Mozal, SARL que juntas
totalizaram prejuzos de MZN 14,929 milhes.

The industry sector suffered losses in the order of MZN 6,167


million, this value was influenced mainly by the negative
performance of the companies Vale Mozambique, SA and Mozal,
SARL that together recorded losses of MZN 14,929 million.

Custos Operacionais

Operating Costs

No que concerne aos custos operacionais das 100 Maiores


Empresas de Moambique, estes passaram de MZN 190,912
milhes em 2012 para MZN 230,940 milhes em 2013, um
incremento de 20.97%. O sector da Indstria apresenta os
maiores custos operacionais com MZN 76,225 milhes,
seguido pelos sectores de Comrcio e Servios com MZN
48,422 milhes e MZN 30,253 milhes. O conjunto destes
trs (3) sectores representam mais de 60% to total dos custos
operacionais das 100 Maiores Empresas.

With regard to the operating costs of the Top 100


companies in Mozambique, these have increased from
MZN 190,912 million in 2012 to MZN 230,940 million in
2013, an increase of 20.97%. The industry sector has
the highest operating costs with MZN 76,225 million
followed by the commerce and services sectors with
MZN 48,422 million and MZN 30,253 million. These 3
sectors account for more than 60% of the total operating
costs of the Top 100 companies.

As 10 maiores empresas tiveram um incremento nos seus


custos operacionais de 11.7%, tendo totalizado cerca de MZN
117,649 milhes em 2013 (2012: MZN105,285 milhes).

Activos Lquidos
Os activos totais das 100 Maiores empresas de
Moambique totalizaram MZN 814,800 milhes,
representando um crescimento na ordem de 33.17%.
Contriburam em grande medida para este crescimento,
os sectores de Actividades Financeiras e de Seguros
com MZN 292,426 milhes e Indstria com MZN 266,980
milhes, que no seu total representam mais de metade dos
activos totais das 100 Maiores Empresas.
O sector de Agricultura e Pescas registou um crescimento
de 23.51%, um aumento de MZN 3, 797 milhes em
2012 para MZN 4,690 milhes em 2013, crescimento
assinalveis dos Activos Lquidos registou-se tambm no
sector da Indstria com 74.90%.
As 10 Maiores Empresas do Ranking, arrecadaram um
total de MZN 423,062 milhes, contra os MZN 369,364
milhes do perodo anterior. Neste grupo, destacaramse as empresas Vale Moambique, S.A com uma taxa de
crescimento de 29.60%, seguido pela Petromoc - Petrleos de
Moambique, S.A com 25.54% e BIM Banco Internacional
de Moambique, SA com 20.92%.

Capitais Prprios
Os Capitais Prprios das 100 Maiores empresas do Ranking
totalizam 206,819 milhes de MT em 2013, o que representa
uma reduo de 7.85% em relao a 2012 (2012: MZN 224,445
48 / A dcima sexta edio / The sixteenth edition

The top 10 companies had an increase in their operating


costs of 11.7% to approximately MZN 117,649 million in
2013 (2012: MZN 105,285 million).

Net Assets
The total assets of the Top 100 companies in
Mozambique totalled MZN 814,800 million, representing
growth of 33.17%. Contributing significantly to this
growth were the financial and insurance activities sector
with MZN 292,426 million and the industry sector with
MZN 266,980 million, which in total represent more than
half of total assets of the Top 100 companies.
The agriculture and fisheries sector recorded growth of
23.51%, an increase from MZN 3,797 million in 2012 to MZN
4,690 million in 2013, a considerable increase in net assets of
74.9% has also taken place in the industry sector.
The Top 10 companies in the ranking accumulated a total of
MZN 423,062 million compared to MZN 369,364 million in the
previous period. In this group Vale Mozambique, S.A. with a
growth rate of 29.60%, followed by Petromoc-Petrleos de
Moambique, S.A. with 25.54% and BIM-Banco Internacional
de Moambique, SA with 20.92% stand out.

Capital and Reserves

milhes). Nesta componente, o destaque vai para as


seguintes empresas: HCB, SARL com MZN 43,240 milhes,
seguido pela Mozal, SARL e CFM, E.P com MZN 38,077
milhes e MZN 26,992 milhes, respectivamente.
Os capitais prprios das 10 maiores empresas perfazem cerca
de MZN 126,691 milhes contra os MZN 133,171 milhes
registados em 2012, um decrscimo em torno de 4.87%.

Nmero deTrabalhadores
No que diz respeito ao nmero de trabalhadores, as
100 maiores empresas no total empregaram 72,995
trabalhadores, representando um crescimento de cerca
de 16.07% em relao a 2012.
Os sectores com maior nmero de trabalhadores
empregues foram os de Servios, com 22,058
trabalhadores empregues, seguido do sector de
Transportes e Armazenagens, com 12,806 colaboradores
e Actividades Financeiras e de Servios com 8,984
trabalhadores. Por outro lado, o sector de Alojamento
Restaurao e Similares o sector com menos
colaboradores empregues (1,391).
Comparativamente ao perodo anterior, verificou-se
uma reduo do nmero de trabalhadores empregues
nos sectores de Agricultura e Pescas e Comunicao na
ordem de 11.05% e 10.30% respectivamente. O sector
de Agricultura e Pescas que contou em 2012 com 6,387
trabalhadores e, no ano em anlise contou com 5,681 e,
por sua vez o sector de Comunicao que em 2012 havia
contado com 2,970 nesta edio contou com 2,664.
A semelhana da edio anterior, a empresa G4S Security
Services Moambique, Lda continua a liderar o sector
como maior empregadora, tendo empregado 13,911
colaboradores para o ano de 2013, seguida pela empresa
CFM Portos e Caminhos de Ferro de Moambique,
E.P, Lda com 5,656 trabalhadores e a Mozambique Leaf
Tobacco, Lda com 5,324 colaboradores.

Investimentos
No que diz respeito ao Investimento, para as 100
maiores empresas de Moambique, no perodo de 2013,
verificou-se um aumento em 19%, tendo as empresas
no perodo em anlise registado um volume de
investimentos de MZN 52,075 milhes, contra os MZN
43,760 milhes realizados no perodo anterior.

Anlise Sectorial por


Critrios

The Equity of the top 100 companies totalled MZN 206,819


million in 2013 which represents a reduction of 7.85%
compared to 2012 (2012: MZN 224,445 million). For this
component prominence goes to the following companies:
HCB, SARL with MZN 43,240 million followed by Mozal,
SARL and CFM, E.P with MZN 38,077 million and MZN
26,992 million respectively.
The equity of the Top 10 companies totals approximately MZN
126,291 million compared to MZN 133,171 million recorded in
2012, a decrease of approximately 4.87%.

Number of employees
As regards the number of employees, the Top 100
companies in total took on 72,995 workers, representing an
increase of about 16.07% compared to 2012.
The sectors with the largest number of employees taken
on were services with 22,058 employees, followed by
the transport and storage sector with 12,806 employees
and financial activities and services with 8,984 workers. In
contrast the accommodation, restaurants and similar services
sector recorded the lowest number (1,391).
Compared to the previous period, there was a reduction
in the number of workers taken on in the agriculture and
fisheries sector and communication sector by 11.05%
and 10.30% respectively. The agriculture and fisheries
sector recorded 6,387 workers in 2012 and only 5,681 in
the year under review and the communication sector
recorded 2,970 in 2012 and in this edition only 2,664.
As in the previous edition, G4S Security Services
Moambique, Lda continues to lead the industry as the
largest employer, with 13,911 workers in 2013, followed
by CFM-Portos e Caminhos de Ferro de Moambique,
E.P, Lda with 5,656 employees and Mozambique Leaf
Tobacco, Lda with 5,324 employees.

Investments
With regard to investment, the Top 100 companies in
Mozambique saw an increase of 19% in 2013, with
companies recording growth in investments of MZN 52,075
million in the period under review compared to MZN 43,760
million Meticais achieved in the previous period.

Sector analysis by criteria

A anlise sectorial por critrios dos diferentes sectores


da Economia Nacional tem como base os dados das 100
Maiores Empresas de Moambique do ano 2013, tendo
em conta a evoluo de cada sector relativamente ao
ano de 2012. Para esta anlise, so considerados os
seguintes indicadores financeiros:

The analysis by criteria of the performance of the different


sectors of the national economy is based on the data from the
Top 100 companies in Mozambique in the year 2013 and looks
at the evolution of each sector in relation to 2012. For this
analysis, the following financial ratios are examined:

Volume de Negcios

Revenue
The sixteenth edition / A dcima sexta edio / 49

Variao do Volume de Negcios


Resultados Lquidos
Variao dos Resultados Lquidos
Rentabilidade dos Volumes de Negcio
Rentabilidade dos Capitais Prprios
Liquidez Geral
Nmero de Trabalhadores
Variao do Nmero de Trabalhadores
Volume de Negcios por Trabalhador; e
Variao do Volume de Negcios por Trabalhador.

Variation in revenue

Net Profits

Variation in net profits

Return on revenue

Return on equity

Overall Liquidity

Number of employees

Variation in the number of employees

No que concerne ao volume de negcios, os sectores de


Indstria e Comrcio lideram mais uma vez o ranking com
um peso de 29.53% e 21.10%, respectivamente. Estes sectores
tem um peso de cerca de 50% no volume de negcios. Os
sectores de Actividades Financeiras e de Seguros e Servios
ocupam as posies seguintes com um peso de 12.23% e
12.19%, respectivamente. Neste sector foram registadas
ligeiras alteraes, como a subida do sector de Actividades
Financeiras e de Seguros da quinta posio para a terceira,
a subida do sector de Construo para a sexta posio.
Os sectores de Servios,Transporte e Armazenagem e
Comunicaes, registaram quedas de uma posio, passando
para quarta, quinta e stimas posies, respectivamente
comparando com a ltima edio da pesquisa.

Revenue per employee; and

Variation in revenue per employee.

Na componente referente a variao do volume de negcios,


destacam-se os sectores de Construo, Actividades
Financeiras e de Seguros e Comrcio com taxas de 41.24%,
29.41 e 21.86%, respectivamente. O crescimento verificado
nestes sectores foi influenciado pelo bom desempenho
das empresas EMOCIL, Lda, LETSHEGO, SA e pela Malala
Investment Group, Lda com taxas de crescimento de cerca
de 164%, 122% e 209%, respectivamente. Em contrapartida, o
sector de Comunicaes registou um decrscimo de cerca de
8% no seu volume de negcios.
No que concerne os resultados lquidos, este ranking
registou grandes alteraes, passando a ser liderado pelo
sector de Actividades Financeiras e de Seguros com um
total de MZN 6,430 milhes. Aqui importa salientar o bom
desempenho do BIM, SA, BCI, SA e do Standard Bank que
absorveram mais de 90% dos resultados lquidos do sector.
Os sectores deTransporte e Armazenagem e de Servios,
seguem nas seguintes posies com MZN 3,908 milhes e
MZN 991 milhes, respectivamente.
Nesta rubrica, importa salientar a queda do sector da
Indstria da primeira posio em 2012 para nona e
ltima posio. Esta queda deveu-se principalmente ao
desempenho negativo das empresas Vale Moambique,
SA e Mozal, SARL. A subida do sector de Construo da
oitava para a quinta posio.
No ranking da rentabilidade do volume de negcios,
os sectores de Actividades Financeiras e de Seguros,
Transporte e Armazenagem e Agricultura e Pescas lideram
as trs primeiras posies com 18.68%, 11.73% e 7.29%,
respectivamente. Aqui, o maior destaque vai para o sector
de Alojamento, Restaurao e Similares que saiu da nona
e ltima posio em 2012 para a quarta posio em 2013,
influenciado principalmente pelo bom desempenho do Hotel
Avenida, Lda e pela empresa Bazaruto, Lda.

50 / A dcima sexta edio / The sixteenth edition

With regard to turnover, the industry and commerce


sectors once more led the ranking with 29.53% and 21.10%
respectively. These sectors accounted for approximately 50%
of turnover. The financial and insurance activities and services
sectors followed with 12.23% and 12.19% respectively. In
this category slight changes from the previous edition were
seen with the financial and insurance activities sector rising
from fifth to third place, the construction sector rose to sixth
position and the sectors of services, transport and storage and
communications dropped one place each to fourth, fifth and
seventh positions respectively.
Turning to the criteria, variation in revenue, the construction,
financial and insurance activities and commerce sectors with
41.24%, 29.41% and 21.86% growth respectively stand out.
The growth in these sectors was influenced by good business
performances by EMOCIL Lda., LETSHEGO, SA and by Malala
Investment Group, Lda with growth rates of around 164%, 122%
and 209%, respectively. In contrast the communications sector
registered a decrease of approximately 8% in its turnover.
With regard to net profits the ranking has seen major changes and
is now led by the financial and insurance activities sector with a
total of MZN 6,430 million. Within that sector, prominence goes to
BIM, SA, BCI, SA and Standard Bank which together accounted
for more than 90% of the net profits of the sector should be noted.
The transport and storage and services sectors followed with MZN
3,908 million and MZN 991 million respectively.
Under this heading its important to note the fall of the industry
sector from first position in 2012 to ninth and last position.
This fall was mainly due to the negative performance by Vale
Mozambique, SA and Mozal, SARL. The construction sector
rose from eighth position to fifth.
In the ranking for return on turnover, the financial and
insurance activities, transport and storage and agriculture
and fisheries sectors held the first three positions with
18.68%, 11.73% and 7.29% returns respectively. The rise of
the accommodation, restaurant and similar activities from
ninth and last position in 2012 to fourth position in 2013
which was influenced mainly by good performances by Hotel
Avenida, Lda and Bazaruto, Lda is noteworthy.

Quanto ao indicador relacionado com a rentabilidade dos


capitais prprios, os dados da pesquisa apontam para os
sectores da Agricultura e Pescas, Construo e Actividades
Financeiras e de Seguros como sendo os mais rentveis.
Neste indicador, o grande destaque vai para o sector de
Alojamento, Restaurao e Similares que saiu da nona
posio em 2012 para a quinta posio em 2013 e o sector
da Indstria que apresentou uma rentabilidade negativa de
7.35%, ocupando a ltima posio.
No que concerne a liquidez geral, os sectores de
Indstria, Transportes e Armazenagem e Agricultura
e Pescas ocuparam as primeiras posies com
taxas de 1.88%, 1.44% e 1.39%, respectivamente. Em
contrapartida, os sectores de Alojamento Restaurao
e Similares, Comrcio e Comunicaes apresentaram
uma menor dinmica ocupando as trs ltimas
posies do ranking, respectivamente.
O sector de Servios continua a liderar o ranking quanto aos
empregos gerados, tendo em 2013 empregue um total de
22,058 trabalhadores, seguido pelo sector deTransportes e
Armazenagem com 12,806 e Actividades Financeiras e de
Seguros com 8,984 trabalhadores, o que corresponde a cerca
de 60% dos trabalhadores empregues.
Analisando o critrio volume de negcio por trabalhador, o
sector de Comrcio lidera o ranking com MZN 13 milhes,
seguido pelo sector de Indstria com MZN 12 milhes e
pelo sector de Comunicaes com MZN 4 milhes. Neste
sector foram registadas ligeiras alteraes, como a
passagem do sector do Comrcio da segunda para a
primeira posio e do sector de Agricultura e Pescas da
nona para oitava posio.
Em termos de variao do volume de negcios por
trabalhador, o destaque vai para os sectores de
Agricultura e Pescas, Actividades Financeiras e de
Seguros e Comrcio, com taxas de crescimento de
24.05%, 17.39% e 6.10%, respectivamente. Os restantes
Sectores a excepo de Servios e Comunicaes,
apresentaram decrscimos para esta rbrica.
As tabelas abaixo apresentadas ilustram uma anlise mais
detalhada dos critrios e resultados acima apresentados.

As for the indicator relating to the return on equity the research


data shows the agriculture and fisheries, construction and
financial and insurance activities sectors as being the most
profitable. In this category the rise of the accommodation,
restaurants and similar activities from ninth position in 2012 to
fifth position in 2013 and the fall of the industry sector with a
negative return of 7.35% to last position stand out.
With regard to overall liquidity the industry, transport and storage
and agriculture and fisheries sectors occupied the top positions
with rates of 1.88%, 1.44% and 1.39% respectively. In contrast,
the accommodation, restaurants and similar activities, commerce
and communications sectors were less dynamic occupying the
last three positions in the ranking respectively.
The service sector continues to lead the ranking on the number
of jobs generated in 2013 hiring a total of 22,058 employees,
it was followed by the transport and warehousing sector with
12,806 and the financial and insurance activities sector with
8,984 employees, these accounts for approximately 60% of
the workers employed.
Analysing the revenue per worker, the commerce sector
leads the ranking with MZN 13 million, followed by the
Industry sector with MZN 12 million and the communications
sector with MZN 4 million. For this criterion slight changes
were seen including the rise of the commerce sector from
second to first position and the agriculture and fisheries
sector from ninth to eighth position.
In terms of the variation in revenue per worker, the most
prominent sectors are agriculture and fisheries, financial
and insurance activities and commerce with growth rates of
24.05%, 17.39% and 6.10%, respectively. The other sectors,
with the exception of the services and communications
sectors, recorded reductions for this criterion.
The tables below illustrate a more detailed analysis of the
criteria and results presented above.

Volume de Negcios por Sector / Revenue per Sector


Rank
2013

Sector
Activity

2012

Anos
Year

(%) Variao
(%) Variation

2013

2012

13/12

Indstria / Industry

83,148,072

70,066,975

18.67

Comrcio / Commerce

59,418,292

48,761,344

21.86

Actividades Financeiras e de Seguros / Financial Activities and Insurance

34,423,187

26,599,104

29.41

Servios / Services

34,330,983

29,756,622

15.37

Transportes e Armazenagem / Transports and Storage

33,317,968

29,283,967

13.78

Construo / Construction

16,225,862

11,487,896

41.24

Comunicaes / Communication

12,283,727

13,352,181

(8.00)

Agricultura e Pescas / Agriculture and Fisheries

6,940,753

6,271,205

10.68

Alojamento, Restaurao e Similares / Accommodation Food and Beverages

1,458,656

1,411,157

3.37

The sixteenth edition / A dcima sexta edio / 51

Custos Operacionais / Operational Cost

Variao do Volume de Negcios por Sector / Variation in Revenue per Sector


Rank
2013

Sector
Activity

(%) Variao
(%) Variation

Rank

13/12

12/11

2013 2012

2012

Sector
Activity

Anos
Year

(%) Variao
(%) Variation

2013

2012

13/12

Construo / Construction

41.24

0.15

Indstria / Industry

76,224,775

53,948,693

41.29

Actividades Financeiras e de Seguros / Financial Activities and Insurance

29.41

39.38

Comrcio / Commerce

48,421,750

41,746,256

15.99

Servios / Services

30,252,607

27,669,338

9.34

Comrcio / Commerce

21.86

7.41

Industria / Industry

18.67

(10.30)

Transportes e Armazenagem / Transports and Storage

24,225,231

21,858,111

10.83

Servios / Services

15.37

19.81

Actividades Financeiras e de Seguros / Financial Activities and Insurance

19,766,513

17,139,515

15.33

Transportes e Armazenagem / Transports and Storage

13.78

5.93

Construo / Construction

12,635,050

9,814,456

28.74

Comunicaes / Communication

12,055,894

12,110,337

(0.45)

6,434,231

5,709,824

12.69

924,008

915,675

0.91

Agricultura e Pescas / Agriculture and Fisheries

Alojamento, Restaurao e Similares / Accommodation, Food and Beverages

Comunicaes / Communication

10.68

17.00

3.37

11.70

Agricultura e Pescas / Agriculture and Fisheries

(8.00)

6.19

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

Resultado Lquido por Sector / Net Results per Sector


Rank
2013

Sector
Activity

2012

Activos Lquidos / Net Assets


Ano
Year

% Variao
% Variation

2013

2012

Rank

Sector
Activity

Ano
Year

% Variao
% Variation

13/12

2013

2012

2013

2012

13/12

Actividades Financeiras e de Seguros / Financial Activities and Insurance

292,425,841

238,288,723

22.72

266,980,138

152,650,243

74.90

Actividades Financeiras e de Seguros / Financial Activities and Insurance

6,430,178

5,414,914

18.75

Transportes e Armazenagem / Transports and Storage

3,908,271

3,107,793

25.76

Industria / Industry

Servios / Services

991,506

1,198,394

(17.26)

Transportes e Armazenagem / Transports and Storage

79,190,006

67,844,249

16.72

(28.01)

Servios / Services

62,586,570

55,782,938

12.20

48.25

Comrcio / Commerce

38,848,608

32,677,051

18.89

Construo / Construction

37,596,919

32,090,118

17.16

28,599,870

24,944,993

14.65

Comrcio / Commerce

697,190

Construo / Construction

968,451

676,417

456,266

Agricultura e Pescas / Agriculture and Fisheries

506,231

572,038

(11.50)

Comunicaes / Communication

248,411

856,377

(70.99)

Comunicaes / Communication

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

105,289

4,913

2,043.07

Agricultura e Pescas / Agriculture and Fisheries

4,689,970

3,797,219

23.51

(170.90)

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

3,882,437

3,781,618

2.67

Industria / Industry

(6,167,774)

8,698,915

Capitais Prprios / Equity Capital

Variao do Resultado Lquido por Sector / Variation of Net Results per Sector
Rank
2013

Sector
Activity

(%) Variao
(%) Variation

Rank
2013

Sector
Activity

13/12

12/11

2,043.07

(97.51)

Construo / Construction

48.25

(53.52)

Transportes e Armazenagem / Transports and Storage

25.76

(21.93)

Actividades Financeiras e de Seguros / Financial Activities and Insurance

18.75

(8.66)

Agricultura e Pescas / Agriculture and Fisheries

(11.50)

Servios / Services

(17.26)

Comrcio / Commerce

(28.01)

(44.95)

Comunicaes / Communication

(70.99)

Industria / Industry

(170.90)

2012

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

52 / A dcima sexta edio / The sixteenth edition

2012

Anos
Year

(%) Variao
(%) Variation

2013

2012

13/12

Indstria / Industry

79,706,367

105,799,427

(24.66)

Actividades Financeiras e de Seguros / Financial Activities and Insurance

38,322,001

35,843,300

6.92

Transportes e Armazenagem / Transports and Storage

34,822,748

30,943,341

12.54

Servios / Services

26,982,541

26,423,393

2.12

(27.40)

Comrcio / Commerce

10,808,392

10,241,852

5.53

(29.86)

Comunicaes / Communication

10,653,055

10,607,315

0.43

Construo / Construction

2,970,014

2,692,360

10.31

(54.64)

Agricultura e Pescas / Agriculture and Fisheries

1,304,250

797,729

63.50

(33.45)

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

1,249,781

1,096,372

13.99

The sixteenth edition / A dcima sexta edio / 53

Nmero de Trabalhadores / Number of Employees

Rentabilidade do Volume de Negcios / Return on Revenue


Rank
2013

Sector
Activity

Rentabilidade de VN

2012

2013

2012

Actividades Financeiras e de Seguros / Financial Activities and Insurance

18.68

20.36

Transportes e Armazenagem / Transports and Storage

11.73

10.61

Agricultura e Pescas / Agriculture and Fisheries

7.29

9.12

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

7.22

0.35

Construo / Construction

4.17

3.97

Servios / Services

2.89

4.03

Comunicaes / Communication

2.02

6.41

Comrcio / Commerce

1.17

1.99

(7.42)

12.42

Industria / Industry

Rentabilidade dos Capitais Prprios / Return on Equity Capital


Rank
2012

Sector
Activity

Ano
Year

% Variao
% Variation

2013

2012

2013

2012

13/12

Servios / Services

22,058

19,656

12.22

Transportes e Armazenagem / Transports and Storage

12,806

10,136

26.34

Actividades Financeiras e de Seguros / Financial Activities and Insurance

8,984

8,091

11.04

Construo / Construction

7,398

4,657

58.86

Industria / Industry

7,384

5,594

19.27

Agricultura e Pescas / Agriculture and Fisheries

5,681

6,387

(11.05)

Comrcio / Commerce

4,629

4,134

11.97

Comunicaes / Communication

2,664

2,970

(10.30)

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

1,391

1,265

9.96

Variao do Nmero de Trabalhadores / Variation in the Number of Employees

Sector
Activity

2013

Rank

Rentabilidade dos CP
(%)

Rank

Sector
Activity

2013

2012

Agricultura e Pescas / Agriculture and Fisheries

48.41

179.95

Construo / Construction

25.43

18.59

2013

(%) Variao
(%) Variation
13/12

12/11

Construo / Construction

58.86

14.90

Industria / Industry

32.00

4.70

Transportes e Armazenagem / Transports and Storage

26.34

2.22

2012

Actividades Financeiras e de Seguros / Financial Activities and Insurance

17.76

16.66

Transportes e Armazenagem / Transports and Storage

11.88

10.46

Servios / Services

12.22

4.41

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

8.98

0.48

Comrcio / Commerce

11.97

12.03

Comrcio / Commerce

6.60

9.75

Actividades Financeiras e de Seguros / Financial Activities and Insurance

11.04

5.13

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

9.96

7.48

Comunicaes / Communication

(10.30)

3.41

Agricultura e Pescas / Agriculture and Fisheries

(11.05)

18.76

Servios / Services

3.74

5.42

Comunicaes / Communication

2.34

8.28

Industria / Industry

(7.35)

8.38

Volume de Negcios por Trabalhador / Revenue per Employee

Liquidez Geral / General Liquidity


Rank
2013

2012

Sector
Activity

Ano
Year

Rank

% Variao
% Variation

2013

2012

13/12

Indstria / Industry

1.8828

1.9728

(4.56)

Transportes e Armazenagem / Transports and Storage

1.4448

1.5667

(7.78)

Agricultura e Pescas / Agriculture and Fisheries

1.3886

1.6381

(15.23)

Construo / Construction

1.0921

1.2041

(9.30)

Servios / Services

1.0210

1.3322

(23.36)

Actividades Financeiras e de Seguros / Financial Activities and Insurance

0.8153

0.8487

(3.93)

2013

Sector
Activity

2012

Anos
Year

(%) Variao
(%) Variation

2013

2012

13/12

Comrcio / Commerce

13,225

12,465

6.10

Industria / Industry

12,153

12,813

(5.15)

Comunicaes / Communication

4,664

4,571

2.02

Actividades Financeiras e de Seguros / Financial Activities and Insurance

3,956

3,370

17.39

Transportes e Armazenagem / Transports and Storage

2,842

2,921

(2.70)

Construo / Construction

2,260

2,638

(14.31)

Servios / Services

1,633

1,547

5.58

Comunicaes / Communication

0.6841

0.8671

(21.11)

Comrcio / Commerce

0.6010

0.6446

(6.75)

Agricultura e Pescas / Agriculture and Fisheries

1,322

1,066

24.05

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

0.5642

0.6184

(8.75)

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

1,080

1,156

(6.51)

54 / A dcima sexta edio / The sixteenth edition

The sixteenth edition / A dcima sexta edio / 55

para MPDC, SA nova entrada no ranking ocupando dcima


posio com lucro de MZN 639 milhes.

Variao do Volume de Negcios por Trabalhador / Variation in Revenue per Employee


Rank

(%) Variao
(%) Variation

Sector
Activity

2013 2012

13/12

12/11

Agricultura e Pescas / Agriculture and Fisheries

24.05

9.55

Actividades Financeiras e de Seguros / Financial Activities and Insurance

17.39

(0.75)

Comrcio / Commerce

6.10

42.25

Servios / Services

5.58

29.64

Comunicaes / Communication

2.02

(2.73)

Transportes e Armazenagem / Transports and Storage

(2.70)

20.78

Industria / Industry

(5.15)

(14.90)

Alojamento, Restauraco e Similares / Accommodation, Food and Beverages

(6.51)

7.17

Construo / Construction

(14.31)

2.54

As 10 Maiores Empresas por


Critrios
Esta seco agrega as 10 Maiores Empresas participantes
da pesquisa que se destacaram em funo de cada um
dos indicadores financeiros analisados e, como forma
de observar a sua dinmica e evoluo. Os indicadores
econmico-financeiros analisados nesta seco so:
Activos lquidos;
Capitais prprios;
Resultados lquidos;
Rentabilidade do volume de negcios;
Rentabilidade dos capitais prprios, e;
Nmero de trabalhadores.
Na presente edio, a Vale Moambique, SA lidera o
ranking das 10 Maiores Empresas detendo activos lquidos
na ordem de MZN 105,107 milhes (MZN 81,102 milhes
em 2012), seguida pelo BIM Banco Internacional de
Moambique com MZN 85,428 milhes e pelo Banco
Comercial e de Investimentos, SA com MZN 82,168 milhes.
Em termos agregados, as 10 Maiores Empresas perfazem
um total de MZN 551,821 milhes, representando um
crescimento de 13.22% comparativamente a 2012.
No que concerne aos capitais prprios, no houve nenhuma
alterao para as primeiras trs posies em relao a
edio anterior. A Hidroelctrica de Cahora Bassa, SARL
com MZN 43,240 milhes, a Mozal, SARL com MZN
38,077 milhes, e os CFM Portos e Caminhos de Ferro
de Moambique, E.P. com MZN 26,992 milhes lideram o
ranking das 10 Maiores Empresas para este critrio. Importa
realar a entrada de duas novas empresas para este ranking
nomeadamente asTelecomunicaes de Moambique, SA
ocupando a oitava posio e as Cervejas de Moambique
que ocupa a dcima e ltima posio.
Os resultados lquidos das 10 Maiores Empresas
participantes na pesquisa perfazem um total de MZN 17,395
milhes, valor superior aos MZN 16,475 milhes registados
em 2012 (crescimento na ordem de 5.58%). O destaque vai
56 / A dcima sexta edio / The sixteenth edition

The Top 10 companies by criteria


This section calculates, from the companies
participating in the survey, the Top 10 companies for
each of the financial indicators in order to observe
dynamics and change.
The economic and financial indicators analysed in this
section are:

Net assets;

Shareholders equity;

Net profits;

Return on revenue;

Return on equity, and;

Number of employees.
In this edition Vale Mozambique, SA leads the ranking
of the Top 10 companies with net assets of MZN
105,107 million (MZN 81,102 million in 2012), followed
by the BIM-Banco Internacional de Mozambique
with MZN 85,428 million and by Banco Comercial e
de Investimentos, SA with MZN 82,168 million. In
aggregate terms the Top 10 companies have net assets
totaling MZN 551,821 million representing growth of
13.22% compared to 2012.
Turning to shareholders equity, there has been no
change to the first three positions from the previous
edition; Hidroelctrica de Cahora Bassa, SARL with
MZN 43,240 million, Mozal, SARL with MZN 38.077
million, and CFM-Portos e Caminhos de Ferro de
Mozambique, E.P. with MZN 26.992 million lead
the ranking of the Top 10 largest companies for this
criterion. The entry of two new companies in this
ranking Telecomunicaes de Moambique, SA in eighth
position and Cervejas de Moambique which occupies
tenth and last position should be noted.

No que concerne a rentabilidade do volume de negcios,


o ranking das 10 maiores empresas foi marcado pela
entrada de trs (3) novas empresas,Terminal de Carvo da
Matola, Lda que ocupa a primeira posio com uma taxa
de 49.00%, LETSHEGO, SA e Cornelder de Moambique,
SA que ocupam a stima e oitava posies com taxas de
33.08% e 31.58%, respectivamente.
No indicador referente a rentabilidade dos capitais
prprios, o ranking das 10 maiores empresas foi
marcado por alteraes, de destacar a entrada de
cinco (5) novas empresas e a alterao na liderana
do ranking. A primeira posio foi ocupada pela Cowi
Moambique, Lda nova entrada com uma taxa de 104%.
Importa destacar as subidas no ranking da Mota-Engil,
SA e Corredor de Desenvolvimento do Norte, SARL
que saram da quarta e oitava posies em 2012 para
segunda e quartas posies, respectivamente.
As 10 maiores empresas empregaram um total de
41,365 trabalhadores (36,700 em 2012). A semelhana da
edio anterior, este ranking liderado pela G4S Security
Services Moambique, Lda e CFM, E.P com 13,911 e
5,656 trabalhadores empregues, respectivamente. A
Mozambique LeafTobacco, Lda com 5,324 trabalhadores
empregues, a EDM, E.P com 3,493 e C.M.C. frica Austral,
Lda com 2,400 trabalhadores ocupam a terceira, quarta e
quinta posies, respectivamente. De destacar tambm
a vale Moambique, SA e CETA, SA, novas entradas no
ranking ocupando a stima e oitava posies com 2,324 e
2,188 trabalhadores empregues.
Quanto a produtividade do trabalho, medido pelo rcio
volume de negcios por trabalhador, a Motraco, SARL
continua a liderar o ranking com um rcio de MZN 1,230
milhes, seguida pela Globe Musica, Lda e pela Companhia
Moambicana de Hidrocarbonetos, SA com 121 milhes e
MZN 106 milhes, respectivamente.
As tabelas apresentadas a seguir permitiro uma anlise
mais detalhada dos critrios acima expostos.

The net profits of the top 10 companies in the survey make


up a total of MZN 17.395 million, increasing from the MZN
16.475 million recorded in 2012 (growth of 5.58%). MPDC,
SA is a new entry in the ranking occupying tenth position
with a profit of MZN 639 million.
Regarding return on turnover, the ranking of the Top 10
companies was marked by the entry of 3 new companies,
the Matola Coal Terminal, Lda that occupies first position
with a 49.00% rate and LETSHEGO, SA and Cornelder de
Moambique, SA which occupy seventh and eighth positions
with 33.08% and 31.58% respectively.
For the indicator return on equity, the Top 10 companies
ranking has seen changes, highlighted is the entry of five
(5) new businesses and the change in leadership of the
ranking. First position is occupied by Cowi Moambique,
Lda a new entry with a rate of 104%. Other noteworthy
changes are the climb in the rankings of Mota-Engil, SA
and Corredor de Desenvolvimento do Norte, SARL rising
from fourth and eighth positions in 2012 to second and
fourth positions respectively.
The top 10 companies employed a total of 41,365
employees (36,700 in 2012). As in the previous edition this
ranking is headed by G4S Security Services Moambique,
Lda and CFM, E.P. with 13,911 and 5,656 workers
employed respectively. Mozambique Leaf Tobacco Lda
with 5,324 employees, the EDM, E.P. with 3,493 and
C.M.C frica Austral Lda with 2.400 employees occupy
third, fourth and fifth positions. Also highlighted are Vale
Mozambique, SA and CETA SA, new entries in the ranking
in seventh and eighth positions with 2.324 and 2.188
employees respectively.
For labour productivity, measured by the revenue per
employee ratio, Motraco, SARL continues to lead the ranking
with a ratio of MZN 1.230 million, followed by Globe Musica,
Lda and the Companhia Mombicana de Hidrocarbonetos,
SA with MZN 121 million and MZN 106 million respectively.
The tables presented below will allow a more detailed
analysis of the criteria above.

As 10 Maiores por ordem dos Activos / Top 10 Companies per Order of Net Assets
Rank
2013

Empresa
Company

2012

Ranking Geral

Activo Lquido / Net Assets


(10 3 Meticais)

2013

2013

2012

% 13/12

105,106,630

81,101,999

29.60

BIM - Banco Internacional de Moambique, SA

10

85,428,239

70,646,624

20.92

Banco Comercial e de Investimentos (BCI), SA

19

82,167,820

68,094,227

20.67

56,597,935

58,044,628

(2.49)

48,044,000

46,400,000

3.54

44,063,370

42,400,315

3.92

43,578,153

38,516,805

13.14

40,764,353

37,947,610

7.42

11

24,433,611

21,364,186

14.37

21,636,432

22,874,155

(5.41)

Vale Moambique, SA

n.a

18

Hidroelctrica de Cahora Bassa, SARL

Mozal, SARL

19

20

EDM - Electricidade de Moambique, E.P.

CFM - Portos e Caminhos de Ferro de Moambique, E.P.

13

Sasol PetroleumTemane, Lda

10

22

C.M.C. Africa Austral, Lda

25

Standard Bank, SARL

The sixteenth edition / A dcima sexta edio / 57

As 10 Maiores por ordem de Capitais Prprios / Top 10 Companies per Order of Equity
Rank

Empresa
Company

2013

2012

Ranking Geral

As 10 Maiores por ordem da Rentabilidade dos Capitais Prprios / Top 10 Companies per Order of Return on Equity

Rank

Capitais Prprios
Shareholders Funds
(10 3 Meticais)

2013

2012

n.a

n.a

3.14

6,183,818

6,209,921

5
12

2012

100

104.00

(230.89)

Mota - Engil Eng. Construo frica, SA

13

96.31

134.90

Maputo CarTerminal, Lda

82

79.66

65.91

Corredor de Desenvolvimento do Norte (CDN), SARL

62

74.43

72.54

n.a

EMOCIL , Lda

64

73.05

(460.66)

n.a

Cornelder de Moambique, SA

24

69.10

60.89

9.63

n.a

Terminal de Carvo da Matola, Lda

44

67.09

64.32

5,197,549

19.48

Globe Musica, Lda

32

60.44

137.38

5,590,971

5,140,039

8.77

CMA CGM Mozambique, Lda

51

60.10

118.34

5,328,052

4,934,087

7.98

10

Grindrod Mozambique, Lda

48

60.00

103.96

2013

% 13/12

Hidroelctrica de Cahora Bassa, SARL

43,239,608

41,660,405

3.79

Mozal, SARL

38,077,000

38,806,000

(1.88)

CFM - Portos e Caminhos de Ferro de Moambique, E.P.

26,992,028

25,627,244

5.33

EDM - Electricidade de Moambique, E.P.

18,532,151

18,394,536

0.75

BIM - Banco Internacional de Moambique, SA

10

14,238,022

11,988,914

18.76

Sasol PetroleumTemane, Lda

11

11,893,454

11,531,868

Standard Bank, SARL

20

6,779,501

Banco Comercial e de Investimentos (BCI), SA

19

n.a

Cervejas de Moambique, SARL

10

n.a

Intelec Holdings, SA

2012

Ranking Geral

Rank

Resultados Lquidos
Net Prof its
(10 3 Meticais)

G4S Secure Solutions, Lda

CFM - Portos e Caminhos de Ferro de Moambique, E.P.

Mozambique LeafTobacco, Lda

EDM - Electricidade de Moambique, E.P.

3,493

3,476

0.49

C.M.C. Africa Austral, Lda

25

2,400

2,530

(5.14)

BIM - Banco Internacional de Moambique, SA

10

2,329

2,298

1.35

n.a

Vale Moambique, SA

2,324

1,933

20.23

n.a

CETA - Engenharia e Construes, SA

35

2,188

2,700

(18.96)

8.62

Banco Comercial e de Investimentos (BCI), SA

19

2,121

1,906

11.28

8.18

10

n.a

ES Contact Center Moambique (ex.Select Vedior Moambique)

89

1,619

772

109.72

%12/11

BIM - Banco Internacional de Moambique, SA

10

3,302,890

2,978,404

10.89

Sasol PetroleumTemane, Lda

11

3,181,682

2,482,085

28.19

Hidroelctrica de Cahora Bassa, SARL

2,310,059

3,322,071

(30.46)

CFM - Portos e Caminhos de Ferro de Moambique, E.P.

1,672,227

1,387,804

20.49

Cervejas de Moambique, SARL

1,425,094

1,523,848

(6.48)

Banco Comercial e de Investimentos (BCI), SA

19

1,420,545

1,293,282

9.84

Cornelder de Moambique, SA

24

1,317,379

843,526

56.18

Standard Bank, SARL

20

1,246,439

1,243,527

0.23

Companhia Moambicana de Hidrocarbonetos, SA

34

879,433

809,670

10

n.a

MPDC - Sociedade de Desenvolvimento do Porto de Maputo, SA

30

639,587

591,246

As 10 Maiores por ordem da Rentabilidade doVolume de Negcios / Top 10 Companies per Order of Return on Revenues

2013

2012

n.a

Rank

Rent. VN. (%)


Prof it/Revenue (%)

Empresa
Company

2013

2012

2013

2012

Terminal de Carvo da Matola, Lda

44

49.00

25.69

Maputo CarTerminal, Lda

82

41.90

35.33

n.a

Sasol PetroleumTemane, Lda

11

41.24

43.02

BIM - Banco Internacional de Moambique, SA

10

41.08

39.93

Companhia Moambicana de Hidrocarbonetos, SA

34

39.30

41.13

Matola CargoTerminal, SARL

85

34.70

37.48

n.a

LETSHEGO - Financial Services Mozambique, SA

68

33.08

23.73

n.a

Cornelder de Moambique, SA

Banco Comercial e de Investimentos (BCI), SA

10

Standard Bank, SARL

58 / A dcima sexta edio / The sixteenth edition

2013

2013

2012

% 13/12

40

13,911

12,929

7.60

5,656

3,650

54.96

14

5,324

4,506

18.15

10 Maiores por ordem do Volume de Negcios porTrabalhadores / Top 10 Companies per Order of Revenue per Employees

2013

N de Trabalhadores
Employees

2012

Ranking Geral

Ranking Geral

2012

2013

Empresa
Company

Empresa
Company

2013

2013

Rank

Cowi Moambique, Lda

10 Maiores por ordem de Nmero de Trabalhadores / Top 10 Companies per Order of Number of Employees

As 10 Maiores por ordem dos Resultados Lquidos / Top 10 Companies per Order of Net Results

2013

Rent. C.P. (%)


S / hsFunds (%)
2013

2013

Empresa
Company

Ranking Geral
2013

2013

Rank

Empresa
Company

Ranking Geral

VN po Trabalhador
Revenue per Employee
(10 3 Meticais)

2013

2013

2012

%13/12

MOTRACO, SARL

1,229,660

1,315,003

(6.49)

Globe Musica, Lda

32

121,287

318,397

(61.91)

Companhia Moambicana de Hidrocarbonetos, SA

34

106,546

100,942

5.55

Petromoc e Sasol, SA

28

94,575

94,885

(0.33)

Total Moambique, SARL

16

71,829

59,050

21.64

Grindrod Mozambique, Lda

48

61,592

78,231

(21.27)

Petrogal Moambique, Lda

15

53,070

39,884

33.06

31,703

29.78

24

31.58

25.82

Sasol PetroleumTemane, Lda

11

41,144

19

27.36

29.59

BP Moambique, Lda

17

39,910

40,310

(0.99)

20

27.18

28.75

10

10

33,350

30,520

9.27

PETROMOC - Petrleos de Moambique, SA

The sixteenth edition / A dcima sexta edio / 59

Ranking das 100 Maiores


Empresas, Mdias e
Pequenas Empresas de
Moambique em Meticais
Ranking for the Top 100
Companies, Medium
and Small Companies
in Mozambique in
Meticais

Nota: Notem que os dados das 100 Maiores, para alguns casos, no seguem a lgica normal
de clculo financeiro (tanto relativo a Mapa de Demonstraes de Resultados assim como
do Balano), por exemplo: se deduzirmos os Custos Operacionais ao Volume de Negcios,
o resultado deveria ser igual ao Resultado antes do imposto, mas isto no acontece. Este
tipo de situaes fundamentado pelas empresas participantes de acordo com a sua
especificidade. Um exemplo destas situaes acontece quando as empresas vem gerindo
prejuzos de exerccios anteriores e por isso tm que deduzir dos lucros obtidos em
anos seguintes esses mesmos prejuzos. Um outro exemplo resulta de outros Custos,
como Custos ou Proveitos Financeiros que no se encontram inclusos nos Custos
Operacionais que podem influenciar o Resultado antes dos Impostos.
Os dados apresentados na pesquisa podero diferir de uma edio para outra,
devido ajustamentos resultantes de auditorias realizadas pelas empresas
aps o envio dos questionarios.
Note: The Top 100 data, for some cases, doesnt follow the normal logic of financial
calculation (both on Income Statements and Balance Sheet), for example, if we deduct
the operating costs of turnover, the result should be equal to Income before tax, but
this does not happen in all cases presented in the Top 100 list. This type of situation
is substantiated by the participating companies according to their business line
specificity. An example of these situations happens when companies are managing
losses from previous years and therefore have to be deducted from profits in
the following years. Another example is related to the other costs item, such
as financial income or costs that are not included in Operating Costs that may
influence to some extent the result before tax.
The data presented in the survey may differ from one edition to
another, due to adjustments resulting from audits performed by
companies after sending questionnaires.

60 / A dcima sexta edio / The sixteenth edition

The sixteenth edition / A dcima sexta edio / 61

Rank
Rank

Empresa
Empresa
Company
Company

Sector
Sector
dede
Actividade
Actividade
Activity
Activity

2013
2013 2012
2012

Vol.
Vol.
dede
Neg.
Neg.
Revenues
Revenues
3 3
(10
(10
Meticais)
Meticais)

2013
2013

2012
2012 %13/12
%13/12

Resultados
Resultados
Lquidos
Lquidos
Net
Net
Profits
Profits
3 3
(10
(10
Meticais)
Meticais)

2013
2013

2012
2012 %13/12
%13/12

Resultados
Resultados
Antes
Antes
dos
dos
Impostos
Impostos
Income
Income
Before
Before
Taxes
Taxes
3 3
(10
(10
Meticais)
Meticais)
2013
2013

2012
2012 %13/12
%13/12

Activo
Activo
Lquido
Lquido
Net
Net
Assets
Assets
3 3
(10
(10
Meticais)
Meticais)

2013
2013

2012
%13/12
2012
%13/12

Activo
Activo
Corrente
Corrente
Current
Current
Assets
Assets
3 3
(10
(10
Meticais)
Meticais)

2013
2013

2012
%13/12
2012
%13/12

1 1

SARL
1 1 Mozal,
Mozal,
SARL

Indstria
Indstria

32,261,000
(1,026.53)
32,261,00034,640,000
34,640,000 (6.87)
(6.87)(3,312,000)
(3,312,000) (294,000)
(294,000)
(1,026.53) (3,312,000)
(3,312,000) (294,000)
(294,000)(1,026.53)
(1,026.53)

48,044,000
48,044,00046,400,000
46,400,000 3.54
3.54 10,806,000
10,806,00010,701,000
10,701,000 0.98
0.98

2 2

- Petrleos
dede
Moambique,
SASA
2 2 PETROMOC
PETROMOC
- Petrleos
Moambique,

Comrcio
Comrcio

18,826,026
18,826,026 16,801,308
16,801,308

15,400,283
,660
15,400,283 12,267
12,267
,660 25.54
25.54 8,800,230
8,800,230 6,628,561
6,628,561 32.76
32.76

Indstria
Indstria

11,460,892
,245)
(15,903,465)
11,460,892 8,068,955
8,068,955 42.04
42.04 (11,617
(11,617
,245)
(15,903,465)

3 3

Moambique,
SASA
n.an.a Vale
Vale
Moambique,

12.05
12.05

(95,030)
(95,030) (252,079)
(252,079)

62.30
62.30

(135,617)
(135,617) (322,356)
(322,356)

26.95
26.95 (14,273,441)
(14,273,441)(17,061,145)
(17,061,145)

57.93
57.93

16.34
16.34 105,106,630
105,106,63081,101,999
81,101,999 29.60
29.60 23,582,657
23,582,65716,476,293
16,476,293 43.13
43.13

Passivo
Passivo
Total
Total
Total
Total
Liabilites
Liabilites
3 3
(10
(10
Meticais)
Meticais)

2013
2013

%13/12
2012%13/12
2012

31.24
7,594,000 31.24
9,966,000
9,966,000 7,594,000

Passivo
Passivo
Corrente
Corrente
Current
Current
Liabilities
Liabilities
3 3
(10
(10
Meticais)
Meticais)

2013
2013

%13/12
2012%13/12
2012

9,821,000 6,271,000
56.61
6,271,000 56.61
9,821,000

11,208,554 8,892,498
30.31 11,208,554
26.05
10,647
,363 30.31
8,892,498 26.05
13,875,016
13,875,01610,647
,363
36.16
98,522,704 36.16
134,144,579
134,144,57998,522,704

Capitais
Capitais
Prprios
Prprios
Shareholdersfunds
Shareholdersfunds
3 3
(10
(10
Meticais)
Meticais)

2013
2013

2012%13/12
%13/12
2012

Custos
Custos
Operacionais
Operacionais
Operating
Operating
Cost
Cost
3 3
(10
(10
Meticais)
Meticais)

2013
2013

%13/12
2012%13/12
2012

38,806,000 (1.88)
38,077
,00038,806,000
33,836,000
35,046,00033,836,000
(1.88) 35,046,000
38,077
,000

Rent
Rent
VN
VNRent.
Rent.
A.A.
Liq.
Liq. Rent.
Rent.
C.C.
P. P. Liquidez
Liquidez
Profits/
Profits/ Rent.
Rent.
Net
Net S/hs
S/hs
Funds
Funds
Geral
Geral
Revenue
Revenue
Asset
Asset
(%)
(%)
Current
Current
(%)
(%)
(%)
(%)
Ratio
Ratio
2012 2013
2012
2013 2012
2012 2013
2013 2012
2013
2013 2012

3.58 (10.27)
(0.85) (6.89)
(0.73)
(10.27) (0.85)
(0.63) (8.62)
(8.62) (0.73)
3.58
(6.89) (0.63)

1,620,297 (5.86)
14.10
1,525,267 1,620,297
15,832,569 14.10
18,064,35115,832,569
(5.86) 18,064,351
1,525,267

(1.50) (0.62)
(14.38)
(0.50) (1.50)
(2.05) (6.04)
(6.04)(14.38)
(0.50)
(0.62) (2.05)

6,513,722 8,633,962
(17,420,705)(66.69)
37.98 (101.36)
(29,037
,949)(17,420,705)
14,471,261 37.98
(24.56) (29,037
19,967
,12014,471,261
(197
.09) (11.05)
182.58
8,633,962 (24.56)
(66.69) 19,967
(101.36)
(19.61) 50.01
50.01182.58
6,513,722
,949)
,120
(197
.09)
(11.05)(19.61)

NNTrabalhadores
Trabalhadores
VN
VN
por
por
Trabalhador
Trabalhador
NN
ofof
Employees
Employees Revenue
Revenue
per
per
Employee
Employee

%13/12
2012%13/12
2013 2012
2012 2013
2013
2013 2012
(3.67)
1,281 (3.67)
1,234 1,281
1.71 1,234
1.10
1.10 1.71
0.75
0.79
0.79 0.75

604
604

15.05
525 15.05
525

2013
2013

%13/12
2012%13/12
2012

25,655 26,544
(3.35)
26,544 (3.35)
25,655
33,350 30,520
30,520
33,350

Novos
Novos
investimentos
investimentos
realizados
realizados
New
New
Investment
Investment
released
released
3 3
(10(10
Meticais)
Meticais)
2013
2013

2012 %13/12
%13/12
2012

588,000 (18.88)
(18.88)
477
477
,000
,000 588,000

9.27 1,253,661
966,760 29.68
29.68
9.27
1,253,661 966,760

20.23
1,933 20.23
2,324 1,933
1.91 2,324
3.62
3.62 1.91

5,384
5,384

(35.50) 17,199,174
8,349 (35.50)
16,512,235
8,349
17,199,17416,512,235

4.16
4.16

43,578,153
43,578,15338,516,805
38,516,805 13.14
13.14 5,584,970
5,584,970 4,864,662
4,864,662 14.81
14.81

24.47
20,122,269 24.47
25,046,002
25,046,00220,122,269

5,446,350 4,340,882
25.47
4,340,882 25.47
5,446,350

18,394,536
18,532,15118,394,536
18,532,151

0.75
0.75

17.71
8,356,614 17.71
9,836,686 8,356,614
9,836,686

1.20 (0.16)
0.69
(0.67) 1.20
0.27 (0.37)
(0.37) 0.69
(0.67)
(0.16) 0.27

3,476
3,493 3,476
1.12 3,493
1.03
1.03 1.12

0.49
0.49

2,929
2,929

12.93 4,659,770
2,594 12.93
3,775,273 23.43
23.43
2,594
4,659,770 3,775,273

9,303,810
9,303,810 7,754,453
7,754,453 19.98
19.98 2,485,442
2,485,442 2,364,943
2,364,943 5.10
5.10

42.01
2,614,414 42.01
3,712,838
3,712,838 2,614,414

3,712,838 2,614,414
42.01
2,614,414 42.01
3,712,838

5,140,039
5,590,971 5,140,039
5,590,971

8.77
8.77

10.41
1,772,060 10.41
1,956,472 1,772,060
1,956,472

16.82 15.32
32.24
14.47 16.82
19.65 26.56
26.5632.24
14.47
15.32 19.65

(12.87)
1,274 (12.87)
1,110 1,274
0.90 1,110
0.67
0.67 0.90

8,265
8,265

7,651
7,651

9,343,015
9,343,01510,079,096
10,079,096 (7.30)
(7.30)

(18.47)
16,384,223 (18.47)
13,358,327
13,358,32716,384,223

3,783,922 2,582,269
46.53
2,582,269 46.53
3,783,922

38.50 4.08
25.36 38.50
5.72
25.36
4.08 5.72

8.21
5.44 8.21
5.44

3.90
2.47
2.47 3.90

712
712

659
659

4,148,665
4,148,665 4,112,463
4,112,463 0.88
0.88 1,488,049
1,488,049 1,480,325
1,480,325 0.52
0.52

(5.10)
2,002,195 (5.10)
1,900,080
1,900,080 2,002,195

2.54 5.85
11.75
2.82 2.54
5.68 11.13
11.13 11.75
2.82
5.85 5.68

5.92
1.68
1.68 5.92

7 7

7 7

4 4

- Electricidade
dede
Moambique,
E.PE.P
. .
7 7 EDM
EDM
- Electricidade
Moambique,

Servios
Servios

10,205,956
10,205,956 8,723,552
8,723,552

5 5

dede
Moambique,
SARL
4 4 Cervejas
Cervejas
Moambique,
SARL

Indstria
Indstria

9,851,983
9,851,983 9,062,322
9,062,322

6 6

dede
Cahora
Bassa,
SARL
6 6 Hidroelctrica
Hidroelctrica
Cahora
Bassa,
SARL

Indstria
Indstria

9,110,774
9,110,774 8,629,212
8,629,212

7 7

SARL
3 3 MOTRACO,
MOTRACO,
SARL

Servios
Servios

8,607
,617
8,607
,617 9,205,023
9,205,023 (6.49)
(6.49)

8 8

- Portos
e Caminhos
dede
Ferro
dede
Moambique,
E.PE.P
. .
9 9 CFM
CFM
- Portos
e Caminhos
Ferro
Moambique,

Transportes
e Armazenagem
Transportes
e Armazenagem

8,272,802
,804
8,272,802 6,649,948
6,649,948 24.40
24.40 1,672,227
1,672,227 1,387
1,387
,804

9 9

- Moambique
Celular,
SASA
5 5 mCel
mCel
- Moambique
Celular,

Comunicaes
Comunicaes

8,192,669
8,192,669 9,014,153
9,014,153

- Banco
Internacional
dede
Moambique,
SASA
8 8 BIM
BIM
- Banco
Internacional
Moambique,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

8,039,551
8,039,551 7,459,047
7,459,047

7.78
7.78 3,302,890
3,302,8902,978,404
2,978,404

10.89
10.89 3,894,916
3,894,916 3,501,704
3,501,704

11.23
11.23

85,428,239
85,428,23970,646,624
70,646,624 20.92
20.92 45,305,898
45,305,89839,554,787
39,554,787 14.54
14.54

68,096,999 55,617
21.37 68,096,999
22.44
58,657
,710 21.37
55,617
,772 22.44
71,190,217
71,190,21758,657
,710
,772

Petroleum
Temane,
Lda
1313 Sasol
Sasol
Petroleum
Temane,
Lda

Indstria
Indstria

7,714,506
7,714,506 5,769,993
5,769,993 33.70
33.70 3,181,682
3,181,6822,482,085
2,482,085

28.19
28.19 4,681,921
4,681,921 3,654,348
3,654,348

28.12
28.12

24,433,611
24,433,61121,364,186
21,364,186 14.37
14.37

7,071,732
7,071,732 5,229,646
5,229,646 35.22
35.22

14.82
9,832,318 14.82
11,289,734
11,289,734 9,832,318

1212

Holdings,
SASA
1111 Intelec
Intelec
Holdings,

Servios
Servios

7,222,024
7,222,024 5,853,024
5,853,024 23.39
23.39

399,409
399,409 438,966
438,966

(9.01)
(9.01)

864,816
864,816 359,802
359,802 140.36
140.36

8,669,116
8,669,116 7,163,468
7,163,468 21.02
21.02

2,627
,354
2,627
,354 2,465,121
2,465,121 6.58
6.58

1313

- Engil
Eng.
Construo
frica,
SASA
1717 Mota
Mota
- Engil
Eng.
Construo
frica,

Construo
Construo

6,699,685
6,699,685 7,282,728
7,282,728

(8.01)
(8.01)

474,190
474,190 189,930
189,930 149.67
149.67

685,098
685,098 215,440
215,440 218.00
218.00

6,780,794
6,780,794 4,381,177
4,381,177 54.77
54.77 6,438,454
6,438,454 4,249,698
4,249,698 51.50
51.50

1414

Leaf
Tobacco,
Lda
1010 Mozambique
Mozambique
Leaf
Tobacco,
Lda

Agricultura
e Pescas
Agricultura
e Pescas

6,508,039
6,508,039 5,868,252
5,868,252

10.90
10.90

428,139
428,139 234,109
234,109

82.88
82.88

428,139
428,139 234,109
234,109

82.88
82.88

4,397
,230
4,397
,230 3,510,401
3,510,401 25.26
25.26 2,705,668
2,705,668 2,238,514
2,238,514 20.87
20.87

16.27
2,820,001 16.27
3,278,691
3,278,691 2,820,001

2,013,606 1,335,041
50.83
1,335,041 50.83
2,013,606

690,400 62.01
1,118,539 690,400
62.01
1,118,539

1515

Moambique,
Lda
1616 Petrogal
Petrogal
Moambique,
Lda

Comrcio
Comrcio

6,076,548
6,076,548 4,646,508
4,646,508 30.78
30.78

132,486
132,486 124,096
124,096

6.76
6.76

232,341
232,341

178,117
178,117

30.44
30.44

2,619,660
,560
2,619,660 1,827
1,827
,560 43.34
43.34 2,108,907
2,108,907 1,335,927
1,335,927 57.86
57.86

59.30
1,112,389 59.30
1,772,004
1,772,004 1,112,389

1,772,004 1,112,389
59.30
1,112,389 59.30
1,772,004

715,171 18.52
847
,656 715,171
18.52
847
,656

32.86
4,388,201 32.86
5,830,286 4,388,201
5,830,286

2.67 5.06
17.87
2.18 2.67
6.79 16.95
16.95 17.87
2.18
5.06 6.79

1.20
1.19
1.19 1.20

115115

114114

0.88
0.88

53,070 39,884
33.06
39,884 33.06
53,070

(53.80)
85,375
85,375 184,778
184,778 (53.80)

1616

Moambique,
SARL
1414 Total
Total
Moambique,
SARL

Comrcio
Comrcio

6,033,647
6,033,647 4,723,996
4,723,996

226,853
226,853 348,219
348,219 (34.85)
(34.85)

405,362
405,362

511,159
511,159 (20.70)
(20.70)

3,034,772
,913
3,034,772 3,087
3,087
,913 (1.72)
(1.72) 1,348,993
1,348,993 1,415,651
1,415,651 (4.71)
(4.71)

1,664,362
1,715,176
1,715,176 1,664,362

3.05
3.05

1,700,404 1,334,399
27.43
1,334,399 27.43
1,700,404

1,423,551 (7.30)
1,319,596 1,423,551
(7.30)
1,319,596

32.42
4,161,912 32.42
5,511,148 4,161,912
5,511,148

7.37
3.76 7.37
3.76

1.06
0.79
0.79 1.06

8686

8282

4.88
4.88

71,829 59,050
21.64
59,050 21.64
71,829

79.70
532,315
532,315 296,224
296,224 79.70

4,129,910
4,129,910 3,938,809
3,938,809 4.85
4.85

20.01
1,428,011 20.01
1,713,794
1,713,794 1,428,011

1,713,794 1,428,011
20.01
1,428,011 20.01
1,713,794

2,406,269 (4.69)
2,293,422 2,406,269
(4.69)
2,293,422

5,429,111
5,944,670 5,429,111
5,944,670

1.67
1.36
1.36 1.67

150
150

150
150

0.00
0.00

39,910 40,310
(0.99)
40,310 (0.99)
39,910

(19.24)
509,096
509,096 630,387
630,387 (19.24)

0.87
0.86
0.86 0.87

735
735

711711

3.38
3.38

7,327
7,327

10.33
6,641 10.33
6,641

209,566
209,566 225,661
225,661

(7.13)
(7.13)

11.28
1,906 11.28
2,121 1,906
1.21 2,121
0.84
0.84 1.21

2,578
2,578

2,422
2,422

6.44
6.44

698,296
698,296 591,120
591,120

18.13
18.13

1010
1111

16.99
16.99

(68,180)
(68,180) 104,524
104,524 (165.23)
(165.23)

8.71
8.71 1,425,094
1,425,0941,523,848
1,523,848

5.58
5.58 2,310,059
2,310,0593,322,071
3,322,071 (30.46)
(30.46)

(9.11)
(9.11)

27.72
27.72

242,655
242,655 233,555
233,555

52,257
52,257 299,286
299,286 (82.54)
(82.54)

(6.48)
(6.48) 2,093,551
2,093,551 2,149,664
2,149,664

3.90
3.90

(2.61)
(2.61)

3,487
,553
3,487
,553 1,581,579
1,581,579 120.51
120.51
272,119
272,119

4.25
4.25

20.49
20.49 2,481,946
2,481,946 1,913,005
1,913,005

29.74
29.74

178,665
178,665 688,092
688,092 (74.03)
(74.03)

283,677
283,677

83,133
83,133

743,345
743,345 (88.82)
(88.82)

56,597
,935
56,597
,93558,044,628
58,044,628 (2.49)
(2.49)

40,764,353
,610
40,764,353 37,947
37,947
,610

7.42
7.42

7,681,048
7,681,048 8,542,352
8,542,352(10.08)
(10.08)

14,690,252
,407
14,690,25212,571,621
12,571,621 16.85
16.85 3,065,244
3,065,244 3,797
3,797
,407(19.28)
(19.28)

41,660,405
43,239,60841,660,405
43,239,608

3.79
3.79

17.63
5,850,304 17.63
6,881,845 5,850,304
6,881,845

253.98
250,117 253.98
250,117

2,110,268
2,248,586 2,110,268
2,248,586

6.55
6.55

(3.51)
8,475,710 (3.51)
8,178,624 8,475,710
8,178,624

8.41
8.41

3,318,756 2,677
23.94
2,677
,715 23.94
3,318,756
,715

25,627
,244
26,992,02825,627
26,992,028
,244

5.33
5.33

15.05
5,560,228 15.05
6,396,850 5,560,228
6,396,850

28.35
7,327
,937 28.35
9,405,222
9,405,222 7,327
,937

5,523,623 4,574,938
20.74
4,574,938 20.74
5,523,623

5,243,983
5,285,030 5,243,983
5,285,030

0.78
0.78

9,642,651
10,453,569
10,453,569 9,642,651

885,353
885,353

11,531,868
11,893,45411,531,868
11,893,454

3.14
3.14

42.58
1,985,004 42.58
2,830,309 1,985,004
2,830,309

43.02 13.02
23.29
41.24 43.02
11.62 27.16
27.1623.29
41.24
13.02 11.62

3.76
3.48
3.48 3.76

182
182

6.04
6.04

49.87
2,229,381 49.87
3,341,063
3,341,063 2,229,381

3,037
,366 2,178,757
39.41
2,178,757 39.41
3,037
,366

4,934,087
5,328,052 4,934,087
5,328,052

7.98
7.98

17.11
5,377
,881 17.11
6,298,096 5,377
6,298,096
,881

46.67
4,125,918 46.67
6,051,345
6,051,345 4,125,918

5,965,281 4,125,918
44.58
4,125,918 44.58
5,965,281

255,259185.77
14.90
729,449 255,259
(7,067
,288) 14.90
(6,014,587) (7,067
185.77 (6,014,587)
729,449
,288)

1919

Comercial
e de
Investimentos
(BCI),
SASA
1818 Banco
Banco
Comercial
e de
Investimentos
(BCI),

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

5,191,286
5,191,286 4,371,027
4,371,027 18.77
18.77 1,420,545
1,420,5451,293,282
1,293,282

2020

Bank,
SARL
1919 Standard
Standard
Bank,
SARL

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

4,585,240
4,585,240 4,325,977
4,325,977

5.99
5.99 1,246,439
1,246,4391,243,527
1,243,527

2121

dede
Moambique,
SASA
2020 Cimentos
Cimentos
Moambique,

Indstria
Indstria

4,506,316
4,506,316 4,050,438
4,050,438

11.26
11.26

2222

- Empresa
Moambicana
dede
Seguros,
SASA
3131 Emose
Emose
- Empresa
Moambicana
Seguros,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

4,340,000
4,340,000 1,951,000
1,951,000 122.45
122.45

149,000
149,000

2323

Sabco
(Moambique),
SASA
2121 Coca-Cola
Coca-Cola
Sabco
(Moambique),

Indstria
Indstria

4,320,590
4,320,590 3,895,490
3,895,490

10.91
10.91

532,216
532,216 486,525
486,525

2424

dede
Moambique,
SASA
2323 Cornelder
Cornelder
Moambique,

Transportes
e Armazenagem
Transportes
e Armazenagem

4,171,989
4,171,989 3,266,935
3,266,935

27.70
,379
27.70 1,317
1,317
,379 843,526
843,526

2525

Africa
Austral,
Lda
2222 C.M.C.
C.M.C.
Africa
Austral,
Lda

Construo
Construo

3,633,430
3,633,430 3,658,150
3,658,150 (0.68)
(0.68)

(57(57
,986)
,986)

26,542
26,542 (318.47)
(318.47)

(16,248)
(16,248)

(9,119)
(9,119) (78.18)
(78.18)

21,636,432
21,636,43222,874,155
22,874,155 (5.41)
(5.41)

5,360,117
5,360,117 8,890,507
8,890,507(39.71)
(39.71)

2626

Freight
Services
(Mo),
SASA
2525 Manica
Manica
Freight
Services
(Mo),

Transportes
e Armazenagem
Transportes
e Armazenagem

3,393,796
3,393,796 2,835,826
2,835,826

19.68
19.68

10,201
10,201

(7,741)
(7,741) 231.78
231.78

32,810
32,810

3,202
3,202 924.67
924.67

1,562,662
1,562,662 1,578,077
1,578,077 (0.98)
(0.98)

888,732
888,732 1,231,846
1,231,846(27(27
.85)
.85)

2727

dede
Moambique,
SASA
2424 Telecomunicaes
Telecomunicaes
Moambique,

Comunicaes
Comunicaes

3,140,772
3,140,772 3,239,631
3,239,631 (3.05)
(3.05)

52,002
52,002

76,172
76,172 (31.73)
(31.73)

117117
,107
,107

69,133
69,133

69.39
69.39

12,570,842
12,570,84211,088,572
11,088,572 13.37
13.37

4,497
4,497
,821
,821 3,494,814
3,494,814 28.70
28.70

2828

e Sasol,
SASA
2626 Petromoc
Petromoc
e Sasol,

Comrcio
Comrcio

3,026,391
3,026,391 2,609,342
2,609,342

15.98
15.98

55,165
55,165

57,710
57,710

(4.41)
(4.41)

84,319
84,319

71,164
71,164

18.49
18.49

1,275,548
1,275,548

2929

dede
Moambique,
SASA
2727 Toyota
Toyota
Moambique,

Comrcio
Comrcio

2,937
,366
,651
2,937
,366 2,417
2,417
,651

21.50
21.50

126,991
126,991

84,465
84,465

50.35
50.35

196,853
196,853 134,679
134,679

46.16
46.16

2,303,609
2,303,609 2,185,715
2,185,715 5.39
5.39 1,456,420
1,456,420 1,640,258
1,640,258 (11.21)
(11.21)

(5.12)
1,778,036 (5.12)
1,686,932
1,686,932 1,778,036

1,437
,916 1,614,747
(10.95)
1,614,747 (10.95)
1,437
,916

616,677
616,677

407
,679 51.27
51.27
407
,679

3030

- Sociedade
dede
Desenvolvimento
dodo
Porto
dedeMaputo,
SASA Transportes
e Armazenagem
2828 MPDC
MPDC
- Sociedade
Desenvolvimento
Porto
Maputo,
Transportes
e Armazenagem

2,764,549
2,764,549 2,308,068
2,308,068

19.78
19.78

639,587
639,587 591,246
591,246

922,015
922,015 708,578
708,578

30.12
30.12

2,623,742
2,623,742 2,144,856
2,144,856 22.33
22.33 1,429,892
1,429,892 1,271,356
1,271,356 12.47
12.47

(11.54)
1,392,845 (11.54)
1,232,144
1,232,144 1,392,845

1,161,192 1,318,612
(11.94)
1,318,612 (11.94)
1,161,192

1,391,598
1,391,598

3131

Alliance
Seguros,
SASA
3232 Global
Global
Alliance
Seguros,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

2,470,202
2,470,202 1,800,450
1,800,450

37.20
37.20

122,689
122,689

79,265
79,265

54.78
54.78

181,436
181,436

117117
,521
,521

54.39
54.39

1,669,942
1,669,942 1,066,572
1,066,572 56.57
56.57 1,442,630
1,442,630

64.79
736,510 64.79
1,213,729
1,213,729 736,510

1,137
,783
1,137
,783

67.49
679,321 67.49
679,321

3232

Musica,
Lda
n.an.a Globe
Globe
Musica,
Lda

Comrcio
Comrcio

2,425,746
2,425,746 2,865,570
2,865,570 (15.35)
(15.35)

3,368
3,368

3,041
3,041

10.75
10.75

3,368
3,368

3,041
3,041

10.75
10.75

35.93
23,924 35.93
23,924

32,519
32,519

35.93
23,924 35.93
23,924

3333

Internacional
dede
Moambique
(SIM),
SASA
2929 Seguradora
Seguradora
Internacional
Moambique
(SIM),

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

2,368,000
2,368,000 1,986,000
1,986,000

19.23
19.23

399,000
399,000 392,000
392,000

1.79
1.79

538,000
538,000 534,000
534,000

0.75
0.75

5,569,000
5,569,000 5,145,000
5,145,000 8.24
8.24 5,524,000
5,524,000 5,103,000
5,103,000 8.25
8.25

7.01
7.01

308,000
308,000

163.25
,000 163.25
117117
,000

1,405,000 11.53
1,567
,000 1,405,000
11.53
1,567
,000

3434

Moambicana
dede
Hidrocarbonetos,
SASA
3030 Companhia
Companhia
Moambicana
Hidrocarbonetos,

Indstria
Indstria

2,237
,464
2,237
,464 1,968,365
1,968,365

13.67
13.67

879,433
879,433 809,670
809,670

8.62
8.62 1,306,186
1,306,186 1,182,554
1,182,554

10.45
10.45

10,432,022
10,432,022 8,612,283
8,612,283 21.13
21.13 3,964,542
3,964,542 3,110,914
3,110,914 27.44
27.44

25.41
4,357
,851 25.41
5,465,042
5,465,042 4,357
,851

599,454
599,454

99.09
301,089 99.09
301,089

4,254,432 16.75
4,966,981 4,254,432
16.75
4,966,981

3535

- Engenharia
e Construes,
SASA
n.an.a CETA
CETA
- Engenharia
e Construes,

Construo
Construo

1,996,310
1,996,310 1,495,107
1,495,107 33.52
33.52

100,073
100,073

33,592
33,592 322.88
322.88

3,079,429
3,079,429 2,302,178
2,302,178 33.76
33.76 2,571,678
2,571,678 1,760,613
1,760,613 46.07
46.07

35.73
2,049,857 35.73
2,782,360
2,782,360 2,049,857

3636

Duarte
Engenharia
e Construes
Moambique,
Lda
3737 Teixeira
Teixeira
Duarte
Engenharia
e Construes
Moambique,
Lda

Construo
Construo

1,942,184
,087
1,942,184 1,257
1,257
,087 54.50
54.50

135,377
135,377 159,634
159,634 (15.20)
(15.20)

3737

Lalgy,
Lda
3535 Transportes
Transportes
Lalgy,
Lda

Transportes
e Armazenagem
Transportes
e Armazenagem

1,755,563
1,755,563 1,541,742
1,541,742

13.87
13.87

3838

Lda
3434 Construa,
Construa,
Lda

Comrcio
Comrcio

1,736,554
1,736,554 1,542,872
1,542,872

12.55
12.55

3939

Comercial
dede
Moambique,
SARL
3333 Entreposto
Entreposto
Comercial
Moambique,
SARL

Comrcio
Comrcio

1,497
1,497
,376
,376 1,552,200
1,552,200 (3.53)
(3.53)

43,684
43,684

54,915
54,915 (20.45)
(20.45)

4040

Secure
Solutions,
Lda
3838 G4S
G4S
Secure
Solutions,
Lda

Servios
Servios

1,403,117
1,403,117 1,252,573
1,252,573

82,830
82,830

71,391
71,391

16.02
16.02

131,442
131,442 136,754
136,754

(3.88)
(3.88)

4141

dede
Moambique,
E.PE.P
. .
4343 Aeroportos
Aeroportos
Moambique,

Transportes
e Armazenagem
Transportes
e Armazenagem

1,346,020
1,346,020 1,045,097
1,045,097 28.79
28.79 (167
(167
,560)
,560) (183,739)
(183,739)

8.81
8.81

524,699
524,699 301,725
301,725

73.90
73.90

4242

SARL
4242 Gespetro,
Gespetro,
SARL

Comrcio
Comrcio

1,309,503
1,309,503 1,143,261
1,143,261

14.54
14.54

9,161
9,161

8,769
8,769

4.47
4.47

14,102
14,102

14,176
14,176

(0.52)
(0.52)

4343

Servios
Investimentos
e Trading,
Lda
4040 Servitrade
Servitrade
Servios
Investimentos
e Trading,
Lda

Construo
Construo

1,274,567
1,274,567 1,153,647
1,153,647

10.48
10.48

n.dn.d

n.dn.d

- -

n.dn.d

n.dn.d

- -

2,682,190 2,320,801
2,320,801 15.57
15.57
2,682,190

4444

dede
Carvo
dada
Matola,
Lda
3939 Terminal
Terminal
Carvo
Matola,
Lda

Transportes
e Armazenagem
Transportes
e Armazenagem

1,235,604
1,235,604 1,228,988
1,228,988

0.54
0.54

91.76
91.76

821,783
821,783

443,010
443,010

85.50
85.50

3,192,371 2,370,365
2,370,365 34.68
34.68
3,192,371

4545

Petroleum,
Lda
4747 African
African
Petroleum,
Lda

Comrcio
Comrcio

1,211,762
1,211,762

916,017
916,017 32.29
32.29

18,747
18,747

46.46
46.46

27,570
27,570

15,897
15,897

73.43
73.43

4646

Banco,
SASA
5757 Moza
Moza
Banco,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

1,197
1,197
,345
,345

599,795
599,795 99.63
99.63

22,252
22,252 (67(67
,379)
,379) 133.03
133.03

4747

Bank
Moambique,
SASA
5050 Barclays
Barclays
Bank
Moambique,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

1,194,130
1,194,130 1,294,584
1,294,584

4848

Mozambique,
Lda
4848 Grindrod
Grindrod
Mozambique,
Lda

Servios
Servios

1,170,254
1,170,254

4949

dada
Regio
dede
Maputo,
SASA
4646 guas
guas
Regio
Maputo,

Servios
Servios

1,141,140
1,141,140 1,124,317
1,124,317

5050

Moambique,
Lda
4444 Unicomo
Unicomo
Moambique,
Lda

Comrcio
Comrcio

1,093,426
1,093,426

11.87
11.87

10,063
10,063

5151

CGM
Mozambique,
Lda
3636 CMA
CMA
CGM
Mozambique,
Lda

Transportes
e Armazenagem
Transportes
e Armazenagem

1,060,638
1,060,638 1,400,970
1,400,970 (24.29)
(24.29)

31,274
31,274

5252

Moambique
Companhia
dede
Seguros
, SARL
4949 Hollard
Hollard
Moambique
Companhia
Seguros
, SARL

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

12.02
12.02

16,452
16,452

14,843
14,843

681,100
681,100 492,721
492,721

0.38
0.38

44,063,370
44,063,37042,400,315
42,400,315 3.92
3.92 30,335,478
30,335,47831,132,666
31,132,666 (2.56)
(2.56)

36,216,497
37,283,869
37,283,86936,216,497

38.23
38.23

7,883,888
7,883,888 6,403,338
6,403,338 23.12
23.12 3,825,060
3,825,060 2,877
2,877
,288
,288 32.94
32.94

30.14
3,894,645 30.14
5,068,638
5,068,638 3,894,645

229,027
229,027 249,166
249,166

(8.08)
(8.08)

76,656
76,656 109,277
109,277 (29.85)
(29.85)

126,077
126,077

167
167
,260
,260 (24.62)
(24.62)

59,498
59,498

87,492
87,492 (32.00)
(32.00)

247
247
,572
,572 179,180
179,180

17.63
17.63
38.17
38.17

21,123
21,123

9.52
9.52

36,670
36,670 (82,052)
(82,052) 144.69
144.69
(603,228)
(603,228) (732,337)
(732,337)
378,465
378,465

17.63
17.63

269,015
269,015

40.69
40.69

(127
(127
,439)
,439) (144,941)
(144,941)

12.07
12.07

39,236
39,236

28,351
28,351 38.39
38.39

37,404
37,404

26,282
26,282 42.32
42.32

7.43
7.43

4,562
4,562

4,469
4,469

2.09
2.09

48.48
710,564
710,564 478,569
478,569 48.48

8.15
8.15

10,691
10,691

9,915
9,915

7.82
7.82

.04)
16,300
16,300 550,630
.04)
550,630 (97(97

31.59
630,000 31.59
630,000

1,813,000 15.72
2,098,000 1,813,000
15.72
2,098,000

116.11
1,465,000 116.11
3,166,000 1,465,000
3,166,000

3.69
3.43 3.69
3.43

1.31
1.94
1.94 1.31

4.20
7.62 4.20
7.62

1.76
2.20
2.20 1.76

325
325

(1.52)
330 (1.52)
330

13,252
13,252

127
5,824 127
5,824
.54.54

275.00
420,000
420,000 112,000
112,000 275.00

1,459,396 1,014,236
43.89
1,014,236 43.89
1,459,396

1,592,828 26.33
2,012,190 1,592,828
26.33
2,012,190

13.87
3,224,033 13.87
3,671,201 3,224,033
3,671,201

12.49 14.52
32.87
18.06 29.53
12.32 12.49
29.5332.87
12.32
14.52 18.06

1,014
0.76 1,014
0.71
0.71 0.76

10.94
914 10.94
914

4,482
4,482

4,442
4,442

(3.06)
711,336 (3.06)
711,336

1,543,034 47.11
2,269,913 1,543,034
47.11
2,269,913

31.96
2,083,799 31.96
2,749,804 2,083,799
2,749,804

25.82 39.98
60.89
32.93 69.10
31.58 25.82
69.1060.89
31.58
39.98 32.93

2.25
2.94
2.94 2.25

5.89
5.89

7,024
7,024

15.99
6,055 15.99
6,055

490,801
490,801 286,888
286,888

71.08
71.08

(5.41)
21,819,337 (5.41)
20,639,601
20,639,60121,819,337

4,699,413 6,491,234
.60)
6,491,234 (27(27
4,699,413
.60)

1,054,818 (5.50)
996,831 1,054,818
(5.50)
996,831

9.32
9.32

0.73 (0.27)
2.55
0.12 (5.65)
(1.60) 0.73
(5.65) 2.55
(1.60)
(0.27) 0.12

(5.14)
2,530 (5.14)
2,400 2,530
1.37 2,400
1.14
1.14 1.37

227
227
,619
,619 196,914
196,914

15.59
15.59

(3.18)
1,423,381 (3.18)
1,378,160
1,378,160 1,423,381

821,101 1,252,878
(34.46)
1,252,878 (34.46)
821,101

154,696 19.27
184,503 154,696
19.27
184,503

24.39
5,927
,645 24.39
7,373,147
7,373,147 5,927
,645

5,052,314 3,459,724
46.03
3,459,724 46.03
5,052,314

1,018,297
1,024,781
1,024,781 1,018,297

943,682
943,682

32,519
32,519

0.64
0.64

58.00
597
,269 58.00
597
,269

3,740,000
4,002,000
4,002,000 3,740,000

(13.40)
1,914,148 (13.40)
1,657
1,657
,591
,591 1,914,148

1,146,544 1,093,880
1,093,880 4.81
4.81
1,146,544

605,059
605,059

574,422 5.33
5.33
574,422

509,629 43.14
43.14
509,629

689,578
689,578

927
,763
927
,763

62.63
570,466 62.63
570,466

5,160,927
5,197
,695 5,160,927
5,197
,695

0.71
0.71

276,702 19.94
331,867 276,702
19.94
331,867

611611

1,474
1,474

(3.13)
1,522 (3.13)
1,522

9.00
672,089 9.00
672,089

(0.27) 0.65
(0.49)
0.30 (0.27)
0.30
0.65 (0.49)

(7.47
6.01 (7.47
6.01

0.98
1.08
1.08 0.98

44.68
329 44.68
329

8,432
8,432

18.34
7,125 18.34
7,125

13.64
3,064,622 13.64
3,482,769 3,064,622
3,482,769

2.35 0.41
0.69
1.66 2.35
1.66
0.41 0.69

1.48
1.00 1.48
1.00

(0.13)
1,526 (0.13)
1,524 1,526
1.01 1,524
0.89
0.89 1.01

2,060
2,060

(3.97) 1,677
2,145 (3.97)
106.21
2,145
1,677
,048
,048 813,273
813,273 106.21

3,678,563
4,021,343 3,678,563
4,021,343
732,571
732,571

476
476

2.21 4.32
27.17
6.60 18.13
1.82 2.21
18.13 27.17
1.82
4.32 6.60

1.18
1.16
1.16 1.18

3636

3.49 5.51
21.06
3.86 24.79
4.32 3.49
24.79 21.06
4.32
5.51 3.86

1.02
1.01
1.01 1.02

401
401

376
376

6.65
6.65

752,011 85.05
85.05
752,011

23.70
1,565,556 23.70
1,936,574 1,565,556
1,936,574

25.62 24.38
132.23
27.57 59.67
23.14 25.62
59.67132.23
23.14
24.38 27.57

330,062 38.22
456,213 330,062
38.22
456,213

35.99
1,682,929 35.99
2,288,666 1,682,929
2,288,666

6,718
6,718

144,527
144,527

4,427 51.75
15.63
(2,872,371) 15.63
(2,423,410)(2,872,371)
51.75 (2,423,410)
4,427
24.61
1,491,000 24.61
1,858,000 1,491,000
1,858,000

26.90
4,392 26.90
4,392

- -

475
475

8.84
8.84

8787

6.90
6.90

25.77
21,824 25.77
27,447 21,824
27,447

1,102
1,102

(32.60)
1,635
1,635 (32.60)

0.11 8.58
137
0.14 0.11
60.44137
10.73 60.44
0.14
8.58 10.73
.38.38

1.10
1.15
1.15 1.10

2222

22.22
1818 22.22

(61.91)
318,397 (61.91)
121,287 318,397
121,287

700
700

929.41
6868 929.41

19.23
13,556 19.23
16,164 13,556
16,164

0 0

2222

2,657
,586 1,907
39.30
1,907
,748 39.30
2,657
,586
,748

252,321 17.73
(26.87)
297
,069 252,321
(1,461,515)(26.87)
(1,854,258)(1,461,515)
17.73 (1,854,258)
297
,069

2.10 3.25
24.84
5.01 2.10
36.4324.84
1.36 36.43
5.01
3.25 1.36

1,657
,591 1,913,088
(13.36)
1,913,088 (13.36)
1,657
,591

900,387
900,387

765,010 17.70
17.70
765,010

1,496.63
1,073,354
17,137
,475 1,073,354
17,137
,475
1,496.63

12.70 5.29
23.30
6.97 12.70
16.2623.30
5.96 16.26
6.97
5.29 5.96

1.23
1.23
1.23 1.23

190,560
190,560

174,107
174,107

9.45
9.45

32.83
1,181,836 32.83
1,569,870 1,181,836
1,569,870

0.96
0.94 0.96
0.94

8.90
9.02 8.90
9.02

0.57
0.62
0.62 0.57

918,548
995,204 918,548
995,204

8.35
8.35

17.07
1,375,612 17.07
1,610,476 1,375,612
1,610,476

7.08 6.69
4.41 7.08
4.41
6.69 9.99
9.99

12.65
8.01 12.65
8.01

843,513
849,813 843,513
849,813

0.75
0.75

1,518,842 (5.22)
1,439,554 1,518,842
1,439,554
(5.22)

3.54
2.92 3.54
2.92

7.11
5.16 7.11
5.16

5.70 8.28
71.34
5.90 5.70
50.59 71.34
5.90
8.28 7.96
7.96 50.59

(75.36)
141,319 (75.36)
141,319

5,574
5,574

n.dn.d

25.06
31,447
31,447 25.06

9393

147
147

34,815
34,815

39,329
39,329

6,801
6,801

517
517

10.33
6.61
6.61 10.33

1,596,956 1,520,470
1,520,470
1,596,956

n.dn.d

11.18
11.18

7,561
7,561

- -

1.25
1.27
1.27 1.25

43.62
17.94
17.9443.62

9.09
9.09

(0.33)
94,885 (0.33)
94,575 94,885
94,575

n.dn.d

0.96
1.23
1.23 0.96

29.63
26.8529.63
7.62 26.85
7.16
7.16 7.62

758,990
758,990

n.dn.d

30.65
31.2130.65
7.43 31.21
7.35
7.35 7.43

4.40
4.97 4.40
4.97

41.13 8.43
21.82
39.30 41.13
19.07 21.82
9.40 19.07
39.30
8.43 9.40

856,331
856,331

28.57
2828 28.57

20.39
120,053 20.39
120,053

21.10
2,255,321 21.10
2,731,102 2,255,321
2,731,102

21.03
627
,104 21.03
627
,104

934,152
934,152

577
577

0.90 1,000,278
88.35
0.90
1,000,278 531,068
531,068 88.35

19.74
16.85 19.74
16.85

1.24
1.22
1.22 1.24

146
146

0.68
0.68

10.00
2020 10.00

100,942
106,546 100,942
106,546

259.45
518,725
518,725 144,311
144,311 259.45

0 0

- -

5.55 1,094,139
116.71
5.55
1,094,139 504,883
504,883 116.71

(18.96)
2,700 (18.96)
2,188 2,700
0.92 2,188
0.97
0.97 0.92

817
817

(26.25)
1,107 (26.25)
1,107

387
387

13.16
342 13.16
342

5,328
5,328

40.94
3,781 40.94
3,781

(42.49)
103,794
103,794 180,472
180,472 (42.49)

642
642

(24.47)
850 (24.47)
850

2,353
2,353

14.33
2,058 14.33
2,058

(39.45)
103,433
103,433 170,827
170,827 (39.45)

17.38
17.38 4.06
4.06

518
518

475
475

9.05
9.05

3,498
3,498

(1.05)
3,535 (1.05)
3,535

(83.92)
34,193
34,193 212,607
212,607 (83.92)

0.83
0.83 0.89
0.89

339
339

330
330

2.73
2.73

4,476
4,476

(7.28)
4,828 (7.28)
4,828

(49.20)
158,944
158,944 312,869
312,869 (49.20)

12,929
13,91112,929
1.15
1.15 1.53
1.53 13,911

7.60
7.60

105
105

98,854
98,854

92,187
92,187

7.23
7.23

775,142
794,019
794,019 775,142

2.44
2.44

734,570
734,570

248.44
210,814 248.44
210,814

121,268 70.03
206,192 121,268
70.03
206,192

1,126,782 10.12
1,240,813 1,126,782
1,240,813
10.12

13.06
10,763,925 13.06
12,169,870
12,169,87010,763,925

1,013,577
1,013,577

36.33
743,488 36.33
743,488

953,413 (18.78)
774,332 953,413
(18.78)
774,332

1,174,907 14.00
1,339,439 1,174,907
.58) (1.29)
.49)
(12.45)(17(17
(19.40)(17(17
1,339,439
14.00 (12.45)
.58)
(1.29) (1.57)
(1.57) (19.40)
.49)

1.55
1.55 1.68
1.68

806
806

776
776

3.87
3.87

1,702
1,702

20.49 1,550,092
1,412 20.49
(15.28)
1,412
1,550,092 1,829,738
1,829,738 (15.28)

1.34
1.34

123,069
123,069

112,953
112,953

8.96
8.96

42,760
42,760

40,476
40,476

5.64
5.64

1,067
,158 13.82
1,214,654 1,067
1,214,654
,158
13.82

1.20
1.12
1.12 1.20

279
279

271
271

2.95
2.95

4,762
4,762

12.88
4,219 12.88
4,219

15,252
15,252

941,208 1,303,037
1,303,037(27(27
.77)
941,208
.77)

(3.12)
1,844,077 (3.12)
1,786,540
1,786,540 1,844,077

833,063
833,063

19.41
697
,648 19.41
697
,648

n.dn.d

n.dn.d

- -

- -

1.87
1.13
1.13 1.87

700
700

n.dn.d

- -

- -

- -

554,172
554,172

761,170
761,170

448,886 69.57
69.57
448,886

11.72
1,774,956 11.72
1,982,948
1,982,948 1,774,956

270
270

4.81
4.81

(14.37)
5,219 (14.37)
5,219

640,688
640,688

40,901
40,901

28,719 42.42
42.42
28,719

(1.89)
20,585 (1.89)
20,196 20,585
20,196

159,981
159,981

844,175
844,175

323,355161.07
161.07
323,355

138,066
138,066

135,272 2.07
2.07
135,272

7,856,814 5,356,627
5,356,627 46.67
46.67
7,856,814

17,172,45316,156,608
16,156,608 6.29
6.29 10,804,977
10,804,97710,501,962
10,501,962 2.89
2.89
17,172,453
729,458
729,458

829,000
829,000

2.97
2.97

12,944,202 11,717
11,717
,338 10.47
10.47 1,575,558
1,575,558 1,250,566
1,250,566 25.99
25.99
12,944,202
,338

14,820,073 8,689,027
8,689,027 70.56
70.56
14,820,073

(13.68)
175,332 (13.68)
151,339
151,339 175,332

1.94
1.94

4,437
,628 3,253,778
36.38
3,253,778 36.38
4,437
,628

1,947
,795
2,005,711
2,005,711 1,947
,795

2,855,524 2,791,309
2,791,309 2.30
2.30 1,325,419
1,325,419 1,355,585
1,355,585 (2.23)
(2.23)
2,855,524

151,005105.94
105.94
151,005

6,183,818
6,779,501 6,183,818
6,779,501

28.05
1.90 24.91
24.9128.05
1.73
1.73 1.90

405
405

12.61
1,025,647 12.61
1,155,009
1,155,009 1,025,647

310,987
310,987

29.59
27.36 29.59
27.36

969
969

491,907
491,907 17.15
17.15

197
,250 2.22
2.22
197
,250

21.26
2,872,471 21.26
3,483,047 2,872,471
3,483,047

16.11
3.45 16.11
3.45

438
438

576,270
576,270

201,628
201,628

5,197
,549 19.48
6,209,921 5,197
19.48
6,209,921
,549

2.79 0.70
0.58 2.79
3.05
0.58
0.70 3.05

411.14
542,556
542,556 106,146
106,146 411.14

0.88
0.86
0.86 0.88

2,557
2,557
,977
,977 2,679,158
2,679,158 (4.52)
(4.52) 2,036,158
2,036,158 2,355,774
2,355,774(13.57)
(13.57)

896,411 11.58
11.58
896,411

2.07 (2.73)
5.14
(1.89) 2.07
3.06 (4.80)
(4.80) 5.14
(1.89)
(2.73) 3.06

9.49
9.49

1,041
0.88 1,041
0.84
0.84 0.88

1,345,569
1,345,569 1,199,755
1,199,755 12.15
12.15

1,000,211
1,000,211

1,209
1,209

- -

15.13
5.53 15.20
15.20 15.13
5.13
5.13 5.53

18.60
18.60

850,236
850,236 69.67
69.67

1,324
1,324

n.dn.d

300.01
70,942
70,942 300.01

8.74
8.98 8.74
8.98

56.18
56.18 1,428,993
1,428,993 1,204,924
1,204,924

675,928
675,928 59.21
59.21

n.dn.d
283,774
283,774

28.75 2.83
21.84
2.93 19.23
27.18 28.75
19.23 21.84
27.18
2.83 2.93

41.10
1,101,739 41.10
1,554,591
1,554,591 1,101,739

1,076,169
1,076,169

(11.08)
7,538 (11.08)
7,538
(35.27)
9,283 (35.27)
9,283

12.14
3,126,815 12.14
3,506,301 3,126,815
3,506,301

52.60
3,671,000 52.60
5,602,000
5,602,000 3,671,000

873,970
873,970 45.95
45.95

9.50
9.50

5.48 1,041,482
1,259,876 (17(17
.33)
5.48
1,041,482 1,259,876
.33)

6,703
6,703

18.15
4,506 18.15
5,324 4,506
1.68 5,324
1.34
1.34 1.68

18.42
4,239,686 18.42
5,020,543 4,239,686
5,020,543

3,295
3,295

6,009
6,009

3.99
6.58 3.99
6.58

3.51
3.51

3,475
3,475

41,144 31,703
29.78 2,256,636
31,703 29.78
(20.40)
41,144
2,256,636 2,834,935
2,834,935 (20.40)

29.19
973 29.19
973

1,257
1.03 1,257
1.08
1.08 1.03

24.29
11.28 16.54
16.5424.29
7.48
7.48 11.28

9,593 10,860
(11.67) 2,925,984
10,860 (11.67)
1,834,917 59.46
59.46
9,593
2,925,984 1,834,917

(1.38)
1,085 (1.38)
1,070 1,085
1.13 1,070
0.87
0.87 1.13

2.61 6.99
134.90
7.08 2.61
4.34 96.31
96.31134.90
7.08
6.99 4.34
103.93
6.67 47.34
47.34103.93
9.74
9.74 6.67

(7.24) 2,008,747
1,917 (7.24)
2,249,286 (10.69)
(10.69)
1,917
2,008,747 2,249,286

11.15
2,242,963 11.15
2,493,120 2,242,963
2,493,120

7,700,000
7,700,000 5,484,000
5,484,000 40.41
40.41 1,824,000
1,824,000 1,111,000
1,111,000 64.18
64.18

3,294,694
3,294,694 2,561,332
2,561,332 28.63
28.63 2,026,942
2,026,942 1,599,653
1,599,653 26.71
26.71

7.91
7.91

10.15
7.78 10.15
7.78

193
193

- -

50,795 172.22
172.22
50,795

9.63
9.63

3,665,781
3,665,781 2,694,567
2,694,567 36.04
36.04 1,038,722
1,038,722

770,935
770,935 34.74
34.74

874,895
905,620 874,895
905,620

5,634,144
6,079,899 5,634,144
6,079,899

7.50 4.61
5.53 7.50
6.13
5.53
4.61 6.13

856
856

1,778
1,778

1,626,616
0 0 1,626,616
138,274
138,274

97.53
97.53

2,508,693 12.22
2,815,250 2,508,693
12.22
2,815,250

35,920,21335,236,507
2.95 35,920,213
35,236,507
2.95

4.83
4.83

142,052
142,052

5.90
5.90

41,044,75223,179,888
20.77 41,044,752
77.07
62,896,678 20.77
23,179,888 77.07
75,957
75,957
,899
,89962,896,678

194,000
194,000 233,000
233,000 (16.74)
(16.74)

8.18
8.18

1,448,038 1,367
1,367
,413
1,448,038
,413

82,167
82,167
,820
,82068,094,227
68,094,227 20.67
20.67 34,571,939
34,571,93928,101,342
28,101,342 23.03
23.03

23,134
23,134

12,800
12,800

1.68
1.68

10.47
10.47

10.84
10.84

605,427
605,427 315,713
315,713

3,398,217
3,455,417
3,455,417 3,398,217

650,297
650,297 620,335
620,335

9.39
9.39

31,338
31,338 219.33
219.33

668,818
668,818

462,005 44.76
44.76
462,005

158,868
158,868

213,267
213,267

156,774
156,774

181.88
75,658 181.88
75,658

5.03
5.03

1,680,951 1,396,001
20.41
1,396,001 20.41
1,680,951
168,654
168,654

160.64
64,707 160.64
64,707

12,299,964 7,332,661
82.84 12,299,964
7,366,501 82.84
7,332,661
13,468,718
13,468,718 7,366,501

67.74
67.74

13.67 12,637
13,619,450 13.67
12.12
11,272,061 12.12
15,481,342
15,481,34213,619,450
12,637
,820
,82011,272,061
(19.38)
229,106 (19.38)
184,706
184,706 229,106

184,706
184,706

183,186
183,186

1,209,423 595,408
103.13
1,209,423
595,408 103.13

n.dn.d

n.dn.d

- -

1.53
1.53 1.97
1.97

0.77 4.54
22.45
0.70 0.77
22.0122.45
0.70
4.54 4.45
4.45 22.01
- -

- -

- -

- -

- -

9797

- -

7.57
7.57

n.dn.d

n.dn.d

- -

92.67
7,916
7,916 92.67
n.dn.d

- -

n.dn.d

- -

756,299(49.30)
25.69 18.96
64.32
(49.30) 49.00
49.00 25.69
67.0964.32
756,299
18.96 13.32
13.32 67.09

0.32
0.45
0.45 0.32

283
283

1,206,731
1,206,731

881,387 36.91
36.91
881,387

1.40 6.03
18.74
1.55 1.40
21.66 18.74
1.55
6.03 8.48
8.48 21.66

0.44
0.24
0.24 0.44

6464

14.29
5656 14.29

1,051,800
1,051,800

610,464 72.30
610,464
72.30

(11.23)
1.86(11.23)
1.86

(5.87)
1.66 (5.87)
1.66

0.73
0.64
0.64 0.73

437
437

34.46
325 34.46
325

3,143
3,143

22.60
2,563 22.60
2,563

1,691,111 2,537
(1,550,427) (5.47)
(1,635,271)(1,550,427)
(56.57) (3.51)
(34.13)
(33.35) (1,635,271)
(50.52)(56.57)
(28.53)(34.13)
1,691,111
2,537
,158
,158(33.35)
(5.47) (50.52)
(3.51) (4.53)
(4.53) (28.53)

0.93
0.85
0.85 0.93

865
865

(1.48)
878 (1.48)
878

1,370
1,370

(7.97)
1,489 (7.97)
1,489

n.dn.d

n.dn.d

- -

2.52
3.62
3.62 2.52

2323

53.33
1515 53.33

(21.27)
78,231 (21.27)
61,592 78,231
61,592

19,452
19,452

17,596
17,596

10.55
10.55

97,720
97,720

29.69
75,347
75,347 29.69

1,351,355 1,322,525
1,351,355
1,322,525

2.18
2.18

0.83
0.83

544,752 280,523
94.19
544,752
280,523 94.19
(749,650) (569,709)
(31.58)
(749,650)
(569,709) (31.58)

383,459
383,459

793,334
793,334

617
,648 28.44
617
,648
28.44

0.15
0.15 (0.78)
(0.78)

19.92 33.94
103.96
21.16 19.92
60.00103.96
21.16
33.94 35.16
35.16 60.00

4,469
4,469

539.92
25,000
25,000 539.92

63.78
416,093
416,093 254,054
254,054 63.78

- -

20.16
1,618,375 20.16
1,944,693
1,944,693 1,618,375

1,023,917
1,023,917

99.87
512,281 99.87
512,281

- -

720
720

690
690

4.35
4.35

1,619
1,619

(4.12)
1,688 (4.12)
1,688

8.24
8.24

14,798
14,798

13,946
13,946

6.11
6.11

551,696
551,696

409,103 34.86
34.86
409,103

511,815
511,815

368,686 38.82
38.82
368,686

39.64
334,317 39.64
466,846
466,846 334,317

466,846
466,846

39.64
334,317 39.64
334,317

84,850
84,850

13.46
74,787
74,787 13.46

1,077
,070
1,077
,070

963,092 11.83
11.83
963,092

0.95
0.92 0.95
0.92

13.26
2.27 12.61
12.61 13.26
1.82
1.82 2.27

1.10
1.10
1.10 1.10

112112

103
103

8.74
8.74

10,171
10,171

18.11
8,612 18.11
8,612

0 0

0 0

- -

62,042
62,042 (49.59)
(49.59)

53,998
53,998

95,378
95,378 (43.39)
(43.39)

436,137
436,137

418,964 4.10
4.10
418,964

423,437
423,437

407
,345 3.95
3.95
407
,345

13.02
352,568 13.02
398,467
398,467 352,568

398,467
398,467

13.02
352,568 13.02
352,568

37,670
37,670

(43.26)
66,396
66,396(43.26)

131,847
131,847

110,316 19.52
19.52
110,316

4.43
2.95 4.43
2.95

118.34
14.81 60.10
60.10118.34
7.17
7.17 14.81

1.06
1.06

1.11.1

6868

6363

7.94
7.94

.18)
22,238 (27(27
16,193 22,238
16,193
.18)

0 0

0 0

- -

376,230 281,736
33.54
376,230
281,736 33.54

1.50
1.50 (179,941)
(179,941) (118,643)
(118,643) (51.67)
(51.67)
9,297
9,297

1,195,044 1,048,667
1,048,667 13.96
13.96
1,195,044

n.dn.d

n.dn.d

13,351
13,351

1,358883.50
(10.55)(15.06)
23.25
883.50 (15.77)
(15.77)(10.55)
27.2823.25
1,358
(15.06)(11.31)
(11.31) 27.28

- -

10.91
5555 10.91

(2.49)
(2.49)

1,926,151 1,295,917
1,295,917 48.63
48.63 1,905,956
1,905,956 1,274,317
1,274,317 49.57
49.57
1,926,151

52.82
1,014,181 52.82
1,549,921
1,549,921 1,014,181

588,399
588,399

51.32
388,833 51.32
388,833

429,592
429,592

367
,913 16.76
16.76
367
,913

12.48 4.89
45.32
8.91 12.48
7.78 28.65
28.6545.32
8.91
4.89 7.78

3.28
3.24
3.24 3.28

1.72
1.72

41,368
41,368

30,065
30,065

37.60
37.60

1,099,061 1,067
1,067
,023 3.00
3.00
1,099,061
,023

999,217
1,021,610
1,021,610 999,217

2.24
2.24

919,058
919,058

871,491
871,491

5.46
5.46

77,451
77,451

67,805 14.23
14.23
67,805

931,439
931,439

696,208 33.79
33.79
696,208

2.41
1.80 2.41
1.80

28.47
1.75 26.12
26.1228.47
1.73
1.73 1.75

1.10
1.03
1.03 1.10

407
407

23.33
330 23.33
330

8,542
8,542

3,403
3,403 151.01
151.01

12,610
12,610

7,768
7,768

62.33
62.33

927
,748
927
,748

13,918
13,918

16,063
16,063 (13.35)
(13.35)

26,749
26,749

18,347
18,347

45.79
45.79

425,051
425,051

1,057
1,057
,622
,622

807
807
,429
,429 30.99
30.99

94,242
94,242 100,781
100,781

5353

- Sociedade
Tcnica
dede
Obras
e Projectos,
Lda
5151 Televisa
Televisa
- Sociedade
Tcnica
Obras
e Projectos,
Lda

Servios
Servios

1,056,556
1,056,556

774,269
774,269 36.46
36.46

18,970
18,970

5454

Group,
Lda
5454 Premier
Premier
Group,
Lda

Comrcio
Comrcio

1,052,802
1,052,802

692,969
692,969

51.93
51.93

5555

Industrial,
SASA
5656 TCNICA
TCNICA
Industrial,

Comrcio
Comrcio

1,045,921
1,045,921

631,461
631,461 65.64
65.64

62 / A dcima sexta edio / The sixteenth edition

0.23
0.23 1,764,905
1,764,905 1,758,155
1,758,155
14.31
14.31

72,000
72,000 106.94
106.94

(7.76)
(7.76) (603,228)
(603,228) (732,337)
(732,337)

899,657
899,657 30.08
30.08

977
977
,416
,416

404,618
404,618 353,961
353,961

9.84
9.84 1,679,924
1,679,924 1,520,733
1,520,733

0.83
0.55
0.55 0.83

2,032,592 1,389,773
46.25
1,389,773 46.25
2,032,592

5,297
,078
5,297
,078 4,678,313
4,678,313

2,323,111
2,323,111 2,386,146
2,386,146 (2.64)
(2.64)

13.74
3.39 13.74
3.39

1.35
1.35

5,986,465
5,986,465 5,824,766
5,824,766

4,361,038
4,361,038 4,273,113
4,273,113 2.06
2.06 1,249,671
1,249,671 1,192,282
1,192,282 4.81
4.81

5.47
1.22
1.22 5.47

0.47
0.47

Transportes
e Armazenagem
Transportes
e Armazenagem

99,533
99,533 (90.61)
(90.61)

7.63
2.18 7.63
2.18

852
852

Comrcio
Comrcio

9,343
9,343

54.96
3,650 54.96
5,656 3,650
3.19 5,656
2.31
2.31 3.19

2,298
2,329 2,298
0.71 2,329
0.67
0.67 0.71

- Linhas
Areas
dede
Moambique,
SASA
1515 LAM
LAM
- Linhas
Areas
Moambique,

(123,478)
(123,478) 186,001
186,001 (166.39)
(166.39)

5.55
6.36 5.55
6.36

39.93 3.87
26.92
41.08 39.93
4.22 25.19
25.1926.92
41.08
3.87 4.22

Moambique,
Lda
1212 BPBP
Moambique,
Lda

30,725
30,725 130,475
130,475 (76.45)
(76.45)

3.66
4.10
4.10 3.66

6.53
6.53

1717

2.78
2.78 (112,847)
(112,847) 120,481
120,481 (193.66)
(193.66)

20.87
20.21 20.87
20.21

3,455,670
3,681,295 3,455,670
3,681,295

(0.45)
7,674,207 (0.45)
7,639,778 7,674,207
7,639,778

27,650 13,084
111.32
13,084 111.32
27,650

1,229,6601,315,003
0.00 1,229,660
(6.49)
1,315,003 (6.49)
0.00

11,988,914 18.76
14,238,02211,988,914
18.76
14,238,022

1818

13.23
13.23

- -

8.03 2,038,188
1,031,849
8.03
2,038,188 1,031,849

18,650
18,650

(6.49)
(6.49)

136,985
136,985 140,478
140,478

6161

16,821
18,235 16,821
18,235

8.40
8.40

(39.14)
124,126
124,126 203,949
203,949 (39.14)

2,932
2,932

(56.35)
6,717
6,717 (56.35)

The sixteenth edition / A dcima sexta edio / 63

949,137
949,137

956,506 (0.77)
(0.77)
956,506

766,778 20.99
20.99
766,778

442,176
442,176

337
,804 30.90
30.90
337
,804

18.68
753,260 18.68
893,954
893,954 753,260

893,954
893,954

18.68
753,260 18.68
753,260

87,794
87,794

13,514549.65
549.65
13,514

956,679
956,679

685,201 39.62
39.62
685,201

0.49 0.92
28.80
0.81 0.49
0.44 16.86
16.8628.80
0.81
0.92 0.44

0.45
0.49
0.49 0.45

603
603

566
566

209,302103.08
103.08
209,302

214,778
214,778

198,482 8.21
8.21
198,482

170.03
120,046 170.03
324,163
324,163 120,046

324,163
324,163

170.03
120,046 170.03
120,046

100,888
100,888

89,256 13.03
13.03
89,256

1,023,900
1,023,900

641,233 59.68
59.68
641,233

2.54 3.27
20.06
1.33 2.54
7.67 14.64
14.6420.06
1.33
3.27 7.67

1.65
0.66
0.66 1.65

177
177

173
173

2,867
2,867

21.46
2,361 21.46
2,361

60,942
60,942

6.54
6.54

1,801
1,801

10.21
1,634 10.21
1,634

(95.04)
17,925
17,925 361,703
361,703 (95.04)

2.31
2.31

5,977
5,977

62.80
3,671 62.80
3,671

3,666
3,666

35.21
45,071
45,071 35.21

(18.73)
4,511
4,511 (18.73)

n.dn.d

- -

n.dn.d

n.dn.d

- -

2,682,190 2,320,801
2,320,801 15.57
15.57
2,682,190

941,208 1,303,037
1,303,037(27(27
.77)
941,208
.77)

(3.12)
1,844,077 (3.12)
1,786,540
1,786,540 1,844,077

605,427 315,713
315,713
605,427

91.76
91.76

821,783
821,783

443,010
443,010

85.50
85.50

3,192,371 2,370,365
2,370,365 34.68
34.68
3,192,371

761,170
761,170

448,886 69.57
69.57
448,886

11.72
1,774,956 11.72
1,982,948
1,982,948 1,774,956

46.46
46.46

27,570
27,570

15,897
15,897

73.43
73.43

40,901
40,901

28,719 42.42
42.42
28,719

4343

Servios
Investimentos
e Trading,
Lda
4040 Servitrade
Servitrade
Servios
Investimentos
e Trading,
Lda

Construo
Construo

1,274,567 1,153,647
1,153,647
1,274,567

10.48
10.48

4444

dede
Carvo
dada
Matola,
Lda
3939 Terminal
Terminal
Carvo
Matola,
Lda

Transportes
e Armazenagem
Transportes
e Armazenagem

1,235,604 1,228,988
1,228,988
1,235,604

0.54
0.54

4545

Petroleum,
Lda
4747 African
African
Petroleum,
Lda

Comrcio
Comrcio

1,211,762
1,211,762

916,017 32.29
32.29
916,017

18,747
18,747

4646

Banco,
SASA
5757 Moza
Moza
Banco,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

1,197
,345
1,197
,345

599,795 99.63
99.63
599,795

22,252 (67(67
,379) 133.03
133.03
22,252
,379)

4747

Bank
Moambique,
SASA
5050 Barclays
Barclays
Bank
Moambique,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

1,194,130 1,294,584
1,294,584
1,194,130

Rank
R n

Empresa
Emp
Grindrod
Lda
Grindrod
Mozambique,
Lda
Company
C mMozambique,

4848

4848

4949

dada
Regio
dede
Maputo,
SASA
4646 guas
guas
Regio
Maputo,

2013
Moambique,
Lda
4444 Unicomo
5050 2012
Unicomo
Moambique,
Lda

Sector
S odedActividade
A
d d
Servios
Servios
Activity
A

1,170,254
1,170,254

Servios
Servios

1,141,140 1,124,317
1,124,317
1,141,140

Comrcio
Comrcio

2013
1,093,426
1,093,426

n.dn.d

12,800
12,800

(7.76) (603,228)
(603,228) (732,337)
(732,337)
(7.76)

Vol.
Voded Neg.
N g
899,657
30.08
899,657
Revenues
R 30.08
(103 Meticais)
M

17.63
17.63

Resultados
R u doLquidos
qu do
247
,572 179,180
179,180
38.17
247
,572
Net
N Profits
P38.17
(103 Meticais)
M

1.50 (179,941)
(179,941) (118,643)
(118,643) (51.67)
(51.67)
1.50

2012
%
977
,416 %13/12
11.87
977
,416
11.87

2013
10,063
10,063

2012
%
9,297 %13/12
8.24
9,297
8.24

36,670 (82,052)
(82,052) 144.69
144.69
36,670
(603,228) (732,337)
(732,337)
(603,228)

17.63
17.63

Resultados
R u doAntes
An
378,465 dos
269,015
40.69
378,465
269,015
40.69
do
Impostos
mpo
o
Income
m Before
B
Taxes
3
(10
Meticais)
M 12.07
(127
,439) (144,941)
(144,941)
12.07
(127
,439)
2013
14,798
14,798

2012
%6.11
13,946 %13/12
6.11
13,946

310,987
310,987

151,005105.94
105.94
151,005

14,820,073 8,689,027
8,689,027 70.56
70.56
14,820,073

7,856,814 5,356,627
5,356,627 46.67
46.67
7,856,814

17,172,45316,156,608
16,156,608 6.29
6.29 10,804,977
10,804,97710,501,962
10,501,962 2.89
2.89
17,172,453

Activo
A
o
Lquido
qu do
729,458 509,629
509,629
43.14
729,458
Net
N Assets
A43.14
(103 Meticais)
M
1,195,044 1,048,667
1,048,667 13.96
13.96
1,195,044
2013
551,696
551,696

2012 %13/12
%34.86
409,103
409,103
34.86

Activo
A
o
Corrente
Co n
668,818Current
462,005
44.76
668,818
462,005
C
Assets
A44.76
(103 Meticais)
M
n.dn.d
2013
511,815
511,815

213,267
213,267

181.88
75,658 181.88
75,658

833,063
833,063

697
,648
697
,648 19.41
19.41

1,680,951 1,396,001
1,680,951
1,396,001 20.41
20.41
168,654
168,654

64,707
64,707 160.64
160.64

12,299,964 7,332,661
82.84 12,299,964
7,366,501 82.84
13,468,718
13,468,718 7,366,501
7,332,661

67.74
67.74

12,637
,82011,272,061
13.67 12,637
13,619,450 13.67
15,481,342
15,481,34213,619,450
,820
11,272,061 12.12
12.12
184,706
184,706

Passivo Total
(19.38)
229,106
229,106
(19.38)
Total
Liabilites
(10 3 Meticais)
M

Passivo Corrente
C
184,706
184,706
0.83
183,186
0.83
Current
C 183,186
Liabilities
(103 Meticais)
M

- -

20.16
1,618,375 20.16
1,944,693
1,944,693 1,618,375

1,023,917
1,023,917

512,281
512,281 99.87
99.87

2012 %13/12
%38.82
368,686
368,686
38.82

%39.64
2013
2012 %13/12
334,317
466,846
466,846
334,317
39.64

2013
466,846
466,846

%39.64
2012 %13/12
334,317
39.64
334,317

n.dn.d

n.d

1,209,423
1,209,423 595,408
595,408 103.13

n.dn.d

383,459

97,720
97,720

n.dn.d

75,347
75,347 29.69

1,351,355
1,351,355 1,322,525
1,322,525

2.18

1,691,111
,158
1,691,111 2,537
2,537
,158(33.35)

Capitais
C
Prprios
544,752
280,523
544,752
280,523 94.19
Shareholdersfunds
(103 Meticais)
M

756,299 (49.30)

n.d

49.00

25.69

18.96

13.32

1.55

1.40

6.03

8.48

1,206,731

881,387

36.91

1,051,800

610,464

72.30

1.86 (11.23)

0.15

(0.78)

(1,635,271) (1,550,427)

(5.47)

(50.52) (56.57)

(3.51)

(4.53)

Custos
C
Operacionais
O
793,334 Operating
617,648 Cost
28.44
O
C
(103 Meticais)
M

(749,650)
(749,650) (569,709)
(569,709) (31.58)

13,351

1,358 883.50

%
2012
74,787
13.46
74,787%13/12

1,0772013
,070

%
2012 %13/12
963,092
11.83

2013
84,850
84,850

2013
0.92

2012
0.95

2013
1.82

2012
2.27

SARL
136 Mozal,
M
CMA
CGM
Mozambique,
Lda
36
CMA
CGM
Mozambique,
Lda

Indstria
Transportes
e Armazenagem
Transportes
e Armazenagem

252
52

- Petrleos
de Moambique,
SA , SARL
249 PETROMOC
OMO
M dem
Hollard
Moambique
Companhia
Seguros
49
Hollard
Moambique
Companhia
de
Seguros
, SARL

Comrcio
m
12.05
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros 18,826,026
1,057
1,057
,622
,622 16,801,308
807
807
,429
,429 30.99
30.99

353
53

Moambique,
SA
n.a
M- Sociedade
m
Televisa
Tcnica
dede
Obras
e Projectos,
Lda
5151 Vale
Televisa
- Sociedade
Tcnica
Obras
e Projectos,
Lda

Indstria
Servios
Servios

11,460,892
,245)
(15,903,465)
1,056,556
1,056,556 8,068,955
774,269
774,269 42.04
36.46
36.46 (11,617
18,970
18,970
18,650
18,650

454
54

- Electricidade
de Moambique,
E.P.
754 EDM
M
M m
Premier
Group,
Lda
54
Premier
Group,
Lda

Servios
Comrcio
Comrcio

10,205,956
1,052,802
1,052,802 8,723,552
692,969
692,969

555
55

de
Moambique,
456 Cervejas
M SA
m SA SARL
TCNICA
Industrial,
56
TCNICA
Industrial,

Indstria
Comrcio
Comrcio

656
56

de SA
Cahora
6n.a Hidroelctrica
Portos
dodo
Norte,
n.a
Portos
Norte,
SA Bassa, SARL

Indstria
Servios
Servios

9,110,774
898,924
898,924 8,629,212- -

757
57

SARL
352 MOTRACO,
MO
O
Hariche
Group,
Lda
52
Hariche
Group,
Lda

Servios
Comrcio
Comrcio

8,607
,617 9,205,023
853,546
853,546
754,724
754,724 (6.49)
13.09
13.09

272,119
14,799
14,799

4.25
(0.69)
(0.69)

858
58

- Portos- Cimpor
e- Caminhos
deMoambique,
Ferro
de Moambique,
E.P.
959 CFM
M
m
MSASAm
CIMBETO
Beto
59
CIMBETO
Cimpor
Beto
Moambique,

Transportes
m
m
Indstria
Indstria e Armazenagem

8,272,802
,804
20.49
846,819
846,819 6,649,948
544,575
544,575 24.40
55.50
55.50 1,672,227
36,781
36,781 1,387
13,573
13,573
170.99
170.99 2,481,946
50,534
50,534 1,913,005
26,324
26,324

29.74
91.97
91.97

959
59

Moambique
Celular,
SASARL
558 mCel
m
M m Expresso,
MEX
-- Moambique
58
MEX
- Moambique
Expresso,
SARL

Comunicaes
m
Transportes
e Armazenagem
Transportes
e Armazenagem

8,192,669
(9.11)
818,864
818,864 9,014,153
565,552
565,552 44.79
44.79

1060
60

- Moambique,
Banco
Internacional
SA
853 BIM
M
M m
Ferro
Lda
53
Ferro
Moambique,
Ldade Moambique,

Actividades
Comrcio
ComrcioFinanceiras e de Seguros

8,039,551
791,529
791,529 7,459,047
695,508
695,508

1161
61

Temane,
Lda
1363 Sasol
m
mBank
FNB
- Petroleum
First
National
Bank
Moambique,
SASA
63
FNB
- First
National
Moambique,

Indstria
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

7,714,506
28.19
28.12
791,262
791,262 5,769,993
512,402
512,402 33.70
54.42
54.42 3,181,682
104,177
104,1772,482,085
(91,396)
(91,396) 213.98
213.98 4,681,921
122,354
122,354 3,654,348
(92,994)
(92,994) 231.57
231.57

1262
62

Holdings,
SA
1141 Intelec
Corredor
dede
Desenvolvimento
dodo
Norte
(CDN),
SARL
41
Corredor
Desenvolvimento
Norte
(CDN),
SARL

Servios
Transportes
e Armazenagem
Transportes
e Armazenagem

7,222,024
23.39
399,409
438,966
(9.01)
754,490
754,490 5,853,024
1,186,642
1,186,642 (36.42)
(36.42) (430,031)
(430,031) (328,688)
(328,688) (30.83)
(30.83)

1363
63

- Engil
1778 Mota
M
BancABC,
SAEng.
78
BancABC,
SA Construo frica, SA

Construo
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

6,699,685
(8.01)
752,176
752,176 7,282,728
599,213
599,213 25.53
25.53

474,190
32,184
32,184 189,930
65,932
65,932 149.67
(51.19)
(51.19)

1464
64

Leaf Tobacco, Lda


10n.a Mozambique
M
m, Lda
EMOCIL
n.a
EMOCIL
, Lda

Agricultura
e Pescas
Construo
Construo

6,508,039
10.90
679,686
679,686 5,868,252
257
257
,420
,420 164.04
164.04

428,139
234,109
82.88
24,763
24,763 (49,555)
(49,555) 149.97
149.97

428,139
234,109
82.88
24,763
24,763 (49,555)
(49,555) 149.97
149.97

4,397
,230 3,510,401
25.26
20.87
860,097
860,097
360,757
360,757138.41
138.41 2,705,668
810,144
810,144 2,238,514
294,327
294,327175.25
175.25

3,278,691
16.27
139.89
339,242139.89
813,818 2,820,001
813,818
339,242

2,013,606
50.83
813,818 1,335,041
813,818
339,242
339,242 139.89
139.89

1,118,539
46,278
46,278 690,400
21,515

62.01
115.10

6,079,899
(654,923)

5,634,144
7.91
(306,975) (113.35)

1565
65

Moambique,
Lda
1661 Petrogal
M
m
TVTV
Cabo
- Comunicao
Multimdia,
Lda
61
Cabo
- Comunicao
Multimdia,
Lda

Comrcio
m
Comunicaes
Comunicaes

6,076,548
662,931
662,931 4,646,508
532,504
532,504 30.78
24.49
24.49

132,486
6.76
8,124
8,124 124,096
83,943
83,943 (90.32)
(90.32)

232,341
24,906
24,906

178,117
30.44
66,183
66,183 (62.37)
(62.37)

2,619,660
,560 43.34
5714.83
.86
1,078,281
1,078,281 1,827
766,326
766,326
40.71
40.71 2,108,907
134,383
134,383 1,335,927
117117
,026
,026 14.83

1,772,004
50.75
645,267 59.30
972,769 1,112,389
972,769
645,267
50.75

1,772,004
59.30
737
,896 1,112,389
737
,896
511,674
511,674 44.21
44.21

847
,656
715,171
105,512
105,512
121,059

18.52
(12.84)

5,830,286
662,026

4,388,201
463,107

32.86
42.95

1666
66

Moambique,
SARL
1460 Total
M Lda.
m
Agrifocus,
60
Agrifocus,
Lda.

Comrcio
m
Comrcio

6,033,647
2720.45
.72
648,000
648,000 4,723,996
538,000
538,000 20.45

226,853
64,000
64,000 348,219
65,000
65,000 (34.85)
(1.54)
(1.54)

405,362
98,000
98,000

511,159
99,000
99,000 (20.70)
(1.01)
(1.01)

3,034,772
,913 22.63
(1.72)
(4.71)
596,000
596,000 3,087
486,000
486,000
22.63 1,348,993
559,000
559,000 1,415,651
447
447
,000
,000 25.06
25.06

1,715,176
3.05
28.66
164,000 28.66
211,000 1,664,362
211,000
164,000

1,700,404
2729.45
.43
211,000 1,334,399
211,000
163,000
163,000 29.45

1,319,596
385,000
385,000 1,423,551
321,000

(7.30)
19.94

5,511,148
556,000

4,161,912
451,000

32.42
23.28

1767
67

Moambique,
12n.a BP
M
m SASALda
Banco
nico,
n.a
Banco
nico,

Comrcio
m
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

5,986,465
2.78
(112,847)
120,481
613,488
613,488 5,824,766
241,333
241,333 154.21
154.21
(100,810)
(100,810) (280,643)
(280,643) (193.66)
64.08
64.08

4,129,910
4.85
8,957
8,957
,898
,898 3,938,809
6,879,165
6,879,165 30.22
30.22

2,293,422
935,841
935,841 2,406,269
1,033,951

(4.69)
(9.49)

5,944,670
685,433

5,429,111
577,212

9.50
18.75

1868
68

- Linhas- Financial
Areas
de
Moambique,
SA
1593 LAM
M
M Mozambique,
mMozambique,
LETSHEGO
Services
SASA
93
LETSHEGO
- Financial
Services

Transportes
e Armazenagem
m e de
m Seguros
Actividades
Financeiras
Seguros
Actividades
Financeiras
e de

5,297
,078 4,678,313
13.23
549,750
549,750
246,752
246,752 122.79
122.79

905,620
874,895 188.48
3.51
464,070 160,866
464,070

5,020,543
102,241

4,239,686
76,949

18.42
32.87

0.58
33.08

2.79
23.73

1969
69

Comercial
(BCI), SA
18n.a Banco
m e de Investimentos
Ferpinta
Moambique,
SASA m
n.a
Ferpinta
Moambique,

Actividades
Indstria
Indstria Financeiras e de Seguros

5,191,286
18.77
534,663
534,663 4,371,027
437
437
,543
,543 22.20
22.20 1,420,545
(8,920)
(8,920)1,293,282
(44,259)
(44,259)

27.36 (10.12)
29.59
(1.67)

20
7070

Bank,
SARL
1973 Standard
Tecnel
Lda
73
TecnelService,
Service,
Lda

21
7171

de Moambique,
SA
20
m
M
m Lda
Moambique
Car
Rental,
6666 Cimentos
Moambique
Car
Rental,
Lda

22
7272
23
7373

16.99
51.93
51.93

(95,030)
94,242
94,242 (252,079)
100,781
100,781

62.30
(6.49)
(6.49)

(135,617)
136,985
136,985 (322,356)
140,478
140,478

26.95
1.72
1.72 (14,273,441)
41,368
41,368(17,061,145)
30,065
30,065

(68,180)
8,542
8,542 104,524
3,403
3,403 (165.23)
151.01
151.01

242,655
13,280
13,280 233,555
12,885
12,885

3.90
3.07
3.07

178,665
(74.03)
2,906
2,906 688,092
5,782
5,782 (49.74)
(49.74)

713.81
.78 3,302,890
13.81
14,839
14,8392,978,404
13,284
13,284

(2.61)
45.79
45.79

3,487
,553
137
137
,326
,326 1,581,579- - 120.51- 283,677
14,697
14,697

83,133
7,248
7,248

48,044,000
0.98
436,137
436,13746,400,000
418,964
418,964 3.54
4.10
4.10 10,806,000
423,437
423,43710,701,000
407
407
,345
,345 3.95
3.95
15,400,283
,660 25.54
32.76
1,926,151
1,926,151 12,267
1,295,917
1,295,917
48.63
48.63 8,800,230
1,905,956
1,905,956 6,628,561
1,274,317
1,274,317 49.57
49.57

16.34
43.13
37.60
37.60 105,106,630
1,099,061
1,099,06181,101,999
1,067
1,067
,023
,023 29.60
3.00
3.00 23,582,657
949,137
949,13716,476,293
956,506
956,506 (0.77)
(0.77)

52,257
12,610
12,610 299,286
7,768
7,768 (82.54)
62.33
62.33

9,851,983
8.71
(6.48)
1,045,921
1,045,921 9,062,322
631,461
631,461 65.64
65.64 1,425,094
13,918
13,9181,523,848
16,063
16,063 (13.35)
(13.35) 2,093,551
26,749
26,749 2,149,664
18,347
18,347
5.58- - 2,310,059
91,123
91,1233,322,071- - (30.46)- -

57(2.49)
.93
(2.49)

743,345
7,895
7,895 (88.82)
(8.20)
(8.20)

9,966,000
31.24
13.02
352,568 13.02
398,467 7,594,000
398,467
352,568

3,143

2,563

22.60

416,093

254,054

63.78

(1.48)

1,370

1,489

(7.97)

n.d

n.d

2013
12.61

2012
13.26

NNTrabalhadores
23Nof Employees
15m 53.33
N

2013
1.10

2012
1.10

2013
112

720

690

4.35

1,619

%8.74
2012
103 %13/12

2013
10,171

1,688

(4.12)

%
2012 %13/12
8,612
18.11

Novos
N
investimentos
m
19,452
17,596
10.55
realizados
New
N w
Investment
m released
(103 Meticais)
M(39.14)
124,126
203,949
2013
0

2012
0

% %13/12

(3.35)
(27
.18)

477,000
0

588,000
0

(18.88)-

30,520
16,821

9.27
8.40

1,253,661
2,932

966,760
6,717

29.68
(56.35)

6,513,722
919,058 8,633,962
919,058
871,491
871,491 (24.56)
5.46
5.46 (29,037
77,949)
,451
77,451(17,420,705)
67,805
67,805(66.69)
14.23

19,967
,120 14,471,261
931,439
696,208

37.98
33.79

(11.05)
1.73 (19.61)
1.75

50.01 182.58
26.12
28.47

3.62
1.03

1.91
1.10

2,324
407

1,933
330

20.23
23.33

5,384
2,867

8,349
2,361

(35.50)
21.46

17,199,174
60,942 16,512,235
45,071

4.16
35.21

134,144,579
2.24
999,217 36.16
1,021,61098,522,704
1,021,610
999,217
2.24

(101.36)
.09)
1.80 (1972.41

43,578,153
13.14
14.81
927
927
,748
,74838,516,805
766,778
766,778 20.99
20.99 5,584,970
442,176
442,176 4,864,662
337
337
,804
,804 30.90
30.90

25,046,002
18.68
753,260 24.47
893,95420,122,269
893,954
753,260
18.68

5,446,350
893,954 4,340,882
893,954
753,260
753,260 25.47
18.68
18.68

18,532,151
0.75
87,794
87,79418,394,536
13,514
13,514549.65

9,836,686
956,679

8,356,614
685,201

17.71
39.62

(0.67)
0.81

1.20
0.49

(0.16)
0.92

0.27
0.44

(0.37)
0.69
16.86 28.80

1.03
0.49

1.12
0.45

3,493
603

3,476
566

0.49
6.54

2,929
1,801

2,594
1,634

12.93
10.21

4,659,770
17,925

3,775,273
361,703

23.43
(95.04)

9,303,810
19.98
5.10
425,051
425,051 7,754,453
209,302
209,302103.08
103.08 2,485,442
214,778
214,778 2,364,943
198,482
198,482 8.21
8.21

3,712,838
42.01
170.03
120,046 170.03
324,163 2,614,414
324,163
120,046

3,712,838
42.01
324,163 2,614,414
324,163
120,046
120,046 170.03
170.03

5,590,971
8.77
100,888
100,888 5,140,039
89,256
89,256 13.03

1,956,472
1,023,900

1,772,060
641,233

10.41
59.68

14.47
1.33

16.82
2.54

15.32
3.27

19.65
7.67

26.56
32.24
14.64 20.06

0.67
0.66

0.90
1.65

1,110
177

1,274
173

(12.87)
2.31

8,265
5,977

7,651
3,671

8.03
62.80

2,038,188
3,666

1,031,849
4,511

97.53
(18.73)

9,343,015
403,448
403,44810,079,096- - (7.30)- -

13,358,327
348,81816,384,223- - (18.47)- 348,818

3,783,922
348,818 2,582,269- - 46.53- 348,818

27,650-

13,084-

111.32-

0
n.d

1,626,616
n.d

4,148,665
0.88
0.52
666,005
666,005 4,112,463
449,467
449,467 48.18
48.18 1,488,049
290,302
290,302 1,480,325
203,807
203,807 42.44
42.44

1,900,080
(5.10)
42.29
336,291 42.29
478,504 2,002,195
478,504
336,291

1,229,660
3,632 1,315,003
3,900

(6.49)
(6.88)

138,274
54,927

50,795
59,256

172.22
(7.31)

1,917
10,085

(7.24)
33.29

2,008,747
40,725

2,249,286
87,342

(10.69)
(53.37)
59.46-

56,597
,935 58,044,628- - (2.49)- 445,540
445,540

40,764,353
,610 44.98
744.98
.42
493,080
493,080 37,947
340,105
340,105

7,681,048
351,992
351,992 8,542,352
209,296
209,296(10.08)
68.18
68.18

14,690,252
16.85
,407
471,644
471,64412,571,621
102,143
102,143361.75
361.75 3,065,244
117117
,799
,799 3,797
97,395
97,395(19.28)
20.95
20.95

3.79-

6,881,845
759,950

5,850,304-

17.63-

25.36
10.14

38.50-

4.08
20.45

5.72-

5.44-

8.21-

2.47
1.16

3.90-

712
220

659-

250,117
248,949
248,949 253.98
38.20
38.20

2,248,586
6.55
187
187
,502
,502 2,110,268
113,176
113,176 65.67

8,178,624
816,600

8,475,710
726,554

(3.51)
12.39

2.82
1.56

2.54
1.71

5.85
1.99

5.68
2.87

11.13
8.83

11.75
16.04

1.68
0.84

5.92
0.82

7
270

7
200

0.00
35.00

10,453,569
8.41
47.60
244,128 47
360,322 9,642,651
360,322
244,128
.60

3,318,756
,715
23.94
340,321 2,677
340,321
222,676
222,676
52.83
52.83

26,992,028
,244 38.32
5.33
132,758
132,75825,627
95,977
95,977

6,396,850
770,792

5,560,228
496,673

15.05
55.19

20.21
4.34

20.87
2.49

4.10
7.46

3.66
3.99

6.36
32.16

5.55
13.68

2.31
1.03

3.19
0.94

5,656
67

3,650
59

54.96
13.56

9,405,222
,937 1,247
28.35
1,247
29,207
393,573 7,327
393,573
29,207
.53.53

3.39
3.85

885,353
344,046
344,046

43,239,608
96,723
96,72341,660,405- -

1,778
13,442

5,523,623
20.74
23,898 4,574,938
23,898
29,207
29,207 (18.18)
(18.18)

5,285,030
78,071
78,071 5,243,983
72,936
7

0.78
7.04

7,639,778
797,710

7,674,207
562,256

(0.45)
41.88

2.18
0.35

7.63
1.02

1.22
0.62

5.47
5.66

13.74
8.30

0.55
4.93

0.83
3.33

856
148

852
116

0.47
27
.59

9,593
6,204

10,860
4,961

(11.67)
25.05

2,925,984
n.d

1,834,917
n.d

71,190,217
,710 88.54
21.37
,772 110.51
22.44
452,779 55,617
88.54 68,096,999
262,465
494,86458,657
494,864
262,465
452,779
215,084
215,084
110.51

14,238,022
265,547
265,54711,988,914
256,924

18.76
3.36

3,681,295
733,811

3,455,670
655,416

6.53
11.96

41.08
1.87

39.93
1.91

3.87
1.95

4.22
2.56

25.19
5.68 26.92
5.43

0.67
1.30

0.71
1.69

2,329
30

2,298
25

1.35
20.00

3,475
28,783

3,295
28,980

5.48
(0.68)

1,041,482
0

1,259,876
(17.33)
42,345 (100.00)

24,433,611
14.37
8,029,099
8,029,09921,364,186
5,807
5,807
,154
,154 38.26
38.26

7,071,732
5,229,646
4,476,103
4,476,103 3,880,696
3,880,696 35.22
15.34
15.34

11,289,734
37.37
5,199,035 14.82
7,141,972 9,832,318
7,141,972
5,199,035
37.37

2,032,592
46.25
7,098,201 1,389,773
7,098,201
3,209,048
3,209,048 121.19
121.19

11,893,454
887
887
,127
,12711,531,868
608,119

3.14
45.88

2,830,309
654,332

1,985,004
571,530

42.58
14.49

41.24 (17
43.02
13.17
.84)

13.02
1.30

11.62
(1.57)

27.16 (15.59)
23.29
13.93

3.48
0.63

3.76
1.21

193
280

182
257

6.04
8.95

41,144
2,947

31,703
2,062

29.78
42.92

2,256,636
64,484

2,834,935
34,094

864,816
359,802
(307
(307
,333)
,333) (331,113)
(331,113) 140.36
7.18
7.18

8,669,116
7,163,468
21.02
5,565,059
5,565,059 1,174,528
1,174,528373.81
373.81

2,627
,354
6.58
1,527
1,527
,231
,231 2,465,121
464,918
464,918228.49
228.49

3,341,063
49.87
275.10
1,752,263 275.10
6,572,825 2,229,381
6,572,825
1,752,263

3,037
,366 2,178,757
39.41
1,293,216
1,293,216
843,623
843,623 53.29
53.29

5,328,052
(577
(577
,736)
,736) 4,934,087
(577,736)

7.98
0.00

6,298,096
1,061,823

5,377
17.11
1,517,881
,755 (30.04)

.50
(575.53
.00) (277.70)

(74.61
.73) (276.13
.98)

7.78 72.54
10.15
74.43

0.87
1.18

1.13
0.55

1,070
516

1,085
518

(1.38)
(0.39)

6,703
1,459

7,538
1,953

(11.08)
(25.29)

n.d
2,758,580

685,098
50,709
50,709 215,440
97,419
97,419 218.00
(47(47
.95)
.95)

6,780,794
4,381,177
51.50
9,303,683
9,303,683 6,284,852
6,284,852 54.77
48.03
48.03 6,438,454
8,812,284
8,812,284 4,249,698
5,777
5,777
,350
,350 52.53
52.53

6,051,345
4,125,918
48.03
6,284,852 46.67
9,303,683 6,284,852
9,303,683
48.03

5,965,281
4,125,918
8,458,336 5,456,548
8,458,336
5,456,548 44.58
55.01
55.01

729,449
721,142
721,142 255,259
721,924 185.77
(0.11)

(6,014,587)
519,967

6.99
0.35

4.34
1.05

96.31
4.46 134.90
9.79

1.08
1.04

1.03
1.06

1,257
207

973
166

29.19
24.70

6,009
4,033

9,283
4,190

(35.27)
(3.75)

283,774
81,965

6.58
3.99
3.64 (19.25)

9.74 (13.74)
6.67
2.88

47.34 (460.66)
103.93
73.05

1.34
1.00

1.68
0.87

5,324
466

4,506
413

18.15
12.83

1,324
1,546

1,209
1,247

9.49
24.06

2.18
1.23

2.67
15.76

5.06
0.75

6.79
10.95

16.95
17.87
7.17 70.91

1.19
0.18

1.20
0.23

115
196

114
136

0.88
44.12

53,070
3,994

39,884
4,329

33.06
(7.76)

3.76
9.88

7.37
12.08

7.48
10.74

11.28
13.37

16.54
24.29
18.13 22.38

0.79
2.65

1.06
2.74

86
65

82
75

4.88
(13.33)

71,829
9,257

59,050
7,173

(1.89) (116.29)
2.07
(16.43)

(2.73)
(1.13)

3.06
(4.08)

(4.80) (54.29)
5.14
(10.24)

0.70
6.52

3.05
3.73

1.73
(1.35)

1.90
(6.26)

11.23
1.26
1.26

Construo
Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

3,633,430
498,045 3,658,150
479,003 (0.68)
3.98
498,045
479,003
3.98

(57
,986)
16,472
16,472

26,542
26,697 (318.47)
(38.30)
26,697
(38.30)

Freight
Services
(Mo),
25
M
M SA Pblicos
4545 Manica
Empresa
Municipal
dede
Transportes
dede
Maputo,
E.PE.P
. .
Empresa
Municipal
Transportes
Pblicos
Maputo,

m
m
Transportes
e Armazenagem
Transportes
e Armazenagem

3,393,796
19.68
10,201
490,743 2,835,826
951,703 (48.44)
(48.44) (174,174)
(174,174)
490,743
951,703

(7,741)
231.78
98,071 (277
(277
.60)
98,071
.60)

27
7777

de Resseguros,
Moambique,
SA
24
m
M m SA
6969 Telecomunicaes
Mozre
- Moambique
Mozre
- Moambique
Resseguros,
SA

m
Comunicaes
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

3,140,772
480,632 3,239,631
412,102 (3.05)
16.63
480,632
412,102
16.63

76,172
5,929 (31.73)
327
5,929
327
.84.84

28
7878

e Sasol,
SA
26
mPolana,
6868 Petromoc
Hoteis
Polana,
SASA
Hoteis

m
Comrcio
Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

3,026,391
452,651 2,609,342
416,784
452,651
416,784

15.98
8.61
8.61

29
7979

de
Moambique,
SA dodo
27
M Algodoeira
mAlgodoeira
7070 Toyota
SAN
- Sociedade
Niassa
- JFS,
SARL
SAN
- Sociedade
Niassa
- JFS,
SARL

m
Comrcio
Agricultura
e Pescas
Agricultura
e Pescas

2,937
,366
2,417
,651
432,714
402,953
432,714
402,953

21.50
7.39
7.39

30
8080

Sociedade
de
Desenvolvimento
do Porto de Maputo,
SA
28
M
mSASA
M
6262 MPDC
Mega
- -Distribuio
dede
Moambique,
Mega
- Distribuio
Moambique,

m
m
Transportes
Comrcio
Comrcio e Armazenagem

2,764,549
19.78
426,967 2,308,068
632,145 (32.46)
(32.46)
426,967
632,145

639,587
8.18
(7,456) 591,246
100,538 (107
(107
.42)
(7,456)
100,538
.42)

922,015
30.12
(7,456) 708,578
100,538 (107
(107
.42)
(7,456)
100,538
.42)

2,623,742
12.47
462,284 2,144,856
448,978 22.33
2.96 1,429,892
367
,778 1,271,356
393,876 (6.63)
(6.63)
462,284
448,978
2.96
367
,778
393,876

1,232,144
20.06
104,478 (11.54)
125,439 1,392,845
125,439
104,478
20.06

31
8181

Alliance
Seguros,
32
8181 Global
Banco
Procredit,
SASA SA
Banco
Procredit,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

2,470,202
37(3.61)
.20
419,880 1,800,450
435,592 (3.61)
419,880
435,592

122,689
79,265
(15,364) (82,761)
(82,761)
(15,364)

181,436
117
,521
(18,437) (120,568)
(120,568)
(18,437)

1,669,942
1,442,630
850,236
1,474,230 1,066,572
1,491,749 56.57
(1.17) 1,045,964
1,045,964 1,087
1,087
,330 69.67
(3.80)
1,474,230
1,491,749
(1.17)
,330
(3.80)

1,213,729
736,510
(0.28)
1,276,319 64.79
1,272,773 1,276,319
1,272,773
(0.28)

32
8282

Musica,
Lda Lda
n.a
MCar
9898 Globe
Maputo
Car
Terminal,
Maputo
Terminal,
Lda

Comrcio
m
Transportes
e Armazenagem
Transportes
e Armazenagem

2,425,746
395,736 2,865,570
221,910 (15.35)
78.33
395,736
221,910
78.33

3,368
165,821
165,821

33
8383

Internacional
de Moambique
(SIM),MSA
29
MLda m
7272 Seguradora
Transportes
Carlos
Mesquita,
Lda
Transportes
Carlos
Mesquita,

Actividades
Financeiras
e de Seguros
Transportes
e Armazenagem
Transportes
e Armazenagem

2,368,000
19.23
385,525 1,986,000
386,788 (0.33)
(0.33)
385,525
386,788

399,000
4,994 392,000
3,695
4,994
3,695

34
8484

Moambicana
de Hidrocarbonetos, SA
30
m SARL
M m
7777 Companhia
Somotor,
Somotor,
SARL

Indstria
Comrcio
Comrcio

2,237
,464 1,968,365
384,218
357
,997
384,218
357
,997

879,433
27,542 809,670
25,262
27,542
25,262

35
8585

- Engenharia
e Construes,
n.a
8282 CETA
Matola
Cargo
Terminal,
SARL
Matola
Cargo
Terminal,
SARL SA

Construo
Transportes
e Armazenagem
Transportes
e Armazenagem

1,996,310
377
,694 1,495,107
310,309 33.52
21.72
377
,694
310,309
21.72

36
8686

Teixeira
Duarte
Engenharia
e Construes
Lda
37
M m
7474 Socremo
- Banco
dede
Microfinanas,
SASA Moambique,
Socremo
- Banco
Microfinanas,

Construo
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

1,942,184
,087
54.50
372,623 1,257
372,957
(0.09)
372,623
372,957
(0.09)

37
8787

Lalgy, LdaLda
35
8383 Transportes
Medis
Farmaceutica,
Medis
Farmaceutica,
Lda

Transportes
m
m
Comrcio e Armazenagem
Comrcio

1,755,563
362,041 1,541,742
310,253
362,041
310,253

13.87
16.69
16.69

38
8888

34
7979 Construa,
Dataserv,
Lda
Dataserv,
Lda

Comrcio
m
Comrcio

1,736,554
348,717 1,542,872
334,969
348,717
334,969

12.55
4.10
4.10

(123,478)
186,001
(142,013)
(142,013) (414,737)
(414,737) (166.39)
65.76
65.76
9,343
269,322
269,322

681,100
147
,023 492,721
80,822
147
,023
80,822

7,883,888
23.12
,288 32.94
668,028 6,403,338
705,848 (5.36)
(5.36) 3,825,060
164,796 2,877
94,384
74.60
668,028
705,848
164,796
94,384
74.60

5,068,638
30.14
(29.48)
394,936(29.48)
278,515 3,894,645
278,515
394,936

194,000
(16.74)
5,504 233,000
16,651 (66.94)
(66.94)
5,504
16,651

7,700,000
219,186 5,484,000
196,770 40.41
11.39 1,824,000
202,589 1,111,000
181,709 64.18
11.49
219,186
196,770
11.39
202,589
181,709
11.49

5,602,000
16.02
154,073 52.60
178,752 3,671,000
178,752
154,073
16.02

650,297
13,881 620,335
9,839
13,881
9,839

3,665,781- - 2,694,567
178,084 36.04- - 1,038,722
278,309
178,084
278,309

770,935
34.74
178,084 56.28
56.28
178,084

1,554,591
41.10
77.64
119,584 77
212,429 1,101,739
212,429
119,584
.64

3,294,694
28.63
26.71
322,605 2,561,332
188,734 70.93
70.93 2,026,942
287
,770 1,599,653
170,428 68.85
68.85
322,605
188,734
287
,770
170,428

1,024,781
0.64
76.40
138,660 76.40
244,598 1,018,297
244,598
138,660

(16,248)
28,759
28,759

38.23
81.91
81.91

4.83
41.08
41.08

4,437
,628 3,253,778
188,972
188,972
159,061
159,061 36.38
18.80
18.80
829,000
173,702
173,702

411.14
22.53

184,778
(53.80)
6,008 6,039.20

21.64
29.05

532,315
n.d

296,224
n.d

79.70(19.24)
(58.36)

1.36-

1.67-

150
334

150
248

0.00
34.68

39,910
2,108

40,310
1,946

(0.99)
8.32

509,096
73,871

630,387
177,406

16.11
48.17

0.86
5.47

0.87
8.96

735
85

711
62

3.38
37
.10

,327
7,480

6,641
4,446

10.33
68.23

209,566
0

225,661
0

(7.13)-

24.91 (62.64)
28.05
(29.64)

0.84
0.83

1.21
0.93

2,121
102

1,906
129

11.28
(20.93)

2,578
4,629

2,422
3,740

6.44
23.78

698,296
16,091

591,120
39,913

18.13
(59.68)

478,569
23,852

48.48
(12.88)

3.45
58.19

6,209,921
,549
4,539 5,197
4,539
55,656

19.48
(91.85)

3,483,047
512,861

2,872,471
378,673

21.26
35.44

6,779,501
115,231
115,231 6,183,818
119,744

9.63
(3.77)

2,493,120
503,838

2,242,963
353,156

11.15
42.67

27
.18
1.20

28.75
3.15

2.83
2.05

2.93
7.57

19.23
5.33

21.84
11.47

0.84
1.49

0.88
3.59

1,041
59

969
59

7.43
0.00

4,562
8,871

4,469
6,535

2.09
35.75

710,564
20,779

2,815,250
316,001
316,001 2,508,693
310,911

12.22
1.64

3,506,301
375,916

3,126,815
369,393

12.14
1.77

8.98
18.48

8.74
11.60

5.13
14.11

5.53
7.65

15.20
30.07

15.13
19.02

0.86
0.87

0.88
0.59

438
43

405
42

8.15
2.38

10,691
12,004

9,915
11,083

7.82
8.31

16,300
0

7.62
(5.44)

550,630
(97.04)
64,721 (100.00)

116.11
17.71

3.43
(0.45)

3.69
2.35

1.94
(1.03)

1.31
5.25

4.20
27
.50

2.20
1.17

1.76
1.25

325
328

330
331

(1.52)
(0.91)

13,252
1,528

5,824
1,349

127
.54
13.29

420,000
6,247

112,000
3,113

3,224,033
366,195

13.87
26.07

12.32
1.47

12.49
0.79

14.52-

18.06
1.76

29.53
11.87 32.87
5.56

0.71
1.40

0.76
1.68

1,014
192

914
153

10.94
25.49

4,482
2,902

4,442
2,743

0.90
5.77

1,000,278
16,646

531,068
15,560

88.35
6.98

711,336
(3.06)
102,956
102,956 100.40
100.40

2,269,913
78,008
78,008 1,543,034
50,074

47.11
55.79

2,749,804
472,134

2,083,799
372,696

31.96
26.68

31.58
5.59

25.82
(2.98)

39.98
8.66

32.93
(5.72)

69.10 (18.47)
60.89
43.63

2.94
1.39

2.25
1.66

611
120

577
100

5.89
20.00

7,024
4,546

6,055
4,360

15.99
4.26

490,801
17,088

286,888
4,153

71.08
311.46

996,831
342,732
342,732 1,054,818
326,260

(5.50)
5.05

4,021,343
409,183

3,678,563
376,380

9.32
8.72

(1.60)
3.31

0.73
5.57

(0.27)
1.27

0.12
2.28

(5.65)
4.92

2.55
8.53

1.14
0.45

1.37
0.43

2,400
529

2,530
458

(5.14)
15.50

1,474
1,009

1,522
1,153

(3.13)
(12.46)

227
,619
57,929

196,914
211,889

15.59
(72.66)

184,503
19.27
458,706
458,706 154,696
38,318 1097
.10

732,571
666,841

672,089
758,838

9.00
(12.12)

0.30
(35.49)

(0.27)
0.65
10.30 (23.22)

(0.49)
10.57

6.01 (914.88)
(7.47
(70.09)

1.08
0.61

0.98
0.20

476
1,443

329
1,455

44.68
(0.82)

8,432
339

7,125
728

18.34
(53.45)

n.d
594,565

n.d

3,482,769
445,875

3,064,622
402,156

13.64
10.87

1.66
5.28

1.48
16.07

0.89
1.16

1.01
0.91

1,524
19

1,526
19

(0.13)
0.00

2,060
25,296

2,145
21,690

(3.97)
16.63

1,677,048
n.d

813,273
n.d

106.21-

18.13 (73.27)
27.17
24.18

1.16
0.37

1.18
0.51

36
384

28
369

28.57
4.07

94,575
1,202

94,885
1,120

(0.33)
7.31

n.d

n.d

24.79
55.31

21.06
21.45

1.01
2.89

1.02
1.27

401
357

376
310

6.65
15.16

7,561
1,297

6,801
1,648

11.18
(21.27)

39,329
10,312

31,447
45,721

25.06
(77
.45)

689,578
206,321
206,321

821,101
(34.46)
166,784 1,252,878
166,784
488,024
488,024 (65.82)
(65.82)

69,133
69.39
9,945 249.49
249.49
9,945

12,570,842
13.37
309,90911,088,572
372,108(16.72)
(16.72)
309,909
372,108

4,497
,821 3,494,814
285,650
301,522 28.70
(5.26)
285,650
301,522
(5.26)

7,373,147
,645 (25.84)
24.39
(25.84)
333,383
247
,250 5,927
247
,250
333,383

5,052,314
46.03
247
,134 3,459,724
247
,134
332,797
332,797 (25.74)
(25.74)

84,319
71,164
18.49
7,510 (75,685)
(75,685) 109.92
109.92
7,510

1,275,548
873,970
1,160,301 1,184,827
1,184,827 45.95
(2.07)
1,160,301
(2.07)

1,076,169
166,549
166,549

675,928
163,141 59.21
2.09
163,141
2.09

943,682
597
,269 58.00
(4.97)
1,078,974
1,025,325 1,078,974
1,025,325
(4.97)

2,303,609
5.39
292,740 2,185,715
286,818 2.06
2.06 1,456,420
174,089 1,640,258
178,436 (11.21)
(2.44)
292,740
286,818
174,089
178,436
(2.44)

1,686,932
(5.12)
(43.80)
179,489(43.80)
100,869 1,778,036
100,869
179,489

538,000
0.75
4,238 534,000
7,924 (46.52)
(46.52)
4,238
7,924

106,146
18,762

85,375
368,843

1,465,000
422,968

4,699,413
.60)
783,544 6,491,234
783,544
582,272
582,272 (27
34.57
34.57

37
,404
261,962
261,962

542,556
22,990

3,671,201
461,647

1,378,160
(3.18)
(67
.26)
889,912 (67
291,367 1,423,381
291,367
889,912
.26)

28,351
308,328 38.39
71.85
308,328
71.85

300.01
(56.55)

3,166,000
497,871

20,639,601
13.78
843,074 (5.41)
959,26121,819,337
959,261
843,074
13.78

39,236
529,848
529,848

70,942
188,626

15.72
(5.30)

888,732
.85)
101,527 1,231,846
98,607(27
2.96
101,527
98,607
2.96

3,041
10.75
111,585 107
107
111,585
.83.83

n.d 1,384.42185,836

26.33
12.62

5,360,117
350,077 8,890,507
249,131(39.71)
40.52
350,077
249,131
40.52

3,368
231,904
231,904

2.61
11.00

2,012,190
65,880
65,880 1,592,828
58,499

1,562,662
(0.98)
750,073 1,578,077
928,227 (19.19
(19.19
750,073
928,227

54.39
84.71
84.71

7.08
4.28

2,098,000
40,434
40,434 1,813,000
42,697

21,636,432
1,301,99322,874,155
1,169,333 (5.41)
11.34
1,301,993
1,169,333
11.34

196,853
46.16
78,381 134,679
18,729 318.50
318.50
78,381
18,729

14.90
19.98

630,000
31.59
145,136
145,136 19.68
19.68

(9,119)
26,274 (78.18)
9.46
26,274
9.46

117
,107
34,757
34,757

(7,067
,288)
433,364

(20.40)
89.14

1,459,396
43.89
199,489 1,014,236
199,489
106,070
106,070 88.07
88.07

32,810
3,202 (191.31)
924.67
(176,098) 192,865
192,865
(191.31)
(176,098)

5,197
,695 5,160,927
62,659
62,659
38,726

0.71
61.80

331,867
134,975
134,975 276,702
105,853

19.94
27.51

144,527
292,088

120,053
296,012

20.39
(1.33)

616,677
185,711
185,711

407
,679
96,672

51.27
92.10

2,731,102
354,332

2,255,321
384,224

21.10
(7.78)

1,161,192
125,439 1,318,612
125,439
104,478
104,478 (11.94)
20.06
20.06

1,391,598
752,011
337
337
,045
,045 344,501

85.05
(2.16)

1,936,574
429,447

1,565,556
520,472

1,137
,783 1,220,938
679,321
67(5.52)
.49
1,153,553
1,153,553
1,220,938 (5.52)

456,213
201,456
201,456 330,062
215,430

38.22
(6.49)

2,288,666
326,988

1,682,929
380,951

6,718
4,427
233,568
233,568
182,749

51.75
27.81

(2,423,410)
156,649 (2,872,371)
97,950

15.63
59.93

927
,763
454,950
454,950

570,466
62.63
317
317
,334
,334 43.37
43.37

1,437
,916 1,614,747
60,263
60,263
140,390
140,390 (10.95)
(57(57
.07)
.07)

26,282
42.32
207
,554 26.21
26.21
207
,554

32,519
23,924
35.93
135.93
125,578135.93
296,280 125,578
296,280

32,519
60,588
60,588

23,924
35.93
125,578
125,578 (51.75)
(51.75)

2.35
1.44

1.82 (172.21
6.43
.68)

0.41
8.19

0.69
1.59

1.00
50.04

275.00
100.67

4.32
2.51

6.60
(6.22)

4.32
18.05

3.49
4.65

5.51
26.68

3.86
6.53

23.70
(17
.49)

23.14
(1.75)

25.62
15.90

24.38
(1.61)

27.57
22.39

59.67
(2.19) 132.23
34.10

1.23
2.93

0.96
3.77

517
137

475
145

8.84
(5.52)

5,574
3,028

4,392
4,390

26.90
(31.02)

518,725
13,103

144,311
12,663

259.45
3.47

35.99
(14.17)

4.97 (19.00)
4.40
(3.66)

7.35
(1.04)

7.43
(5.55)

31.21
30.65
(7.37) (36.36)

1.27
0.91

1.25
0.89

93
301

87
346

6.90
(13.01)

27
,447
1,298

21,824
1,130

25.77
14.87

1,102
0

1,635
0

(32.60)-

0.14
41.90

0.11
35.33

8.58
31.30

10.73
25.43

60.44
.38
79.66 137
65.91

1.15
4.32

1.10
1.65

22
40

18
27

22.22
48.15

121,287
11,813

318,397
9,863

(61.91)
19.78

700
179,914

68 24,647
929.41
727
.46

5,569,000
8.24
5,524,000
8.25
374,950 5,145,000
430,775(12.96)
(12.96)
125,800 5,103,000
163,092(22.87)
(22.87)
374,950
430,775
125,800
163,092

4,002,000
7.01
(16.81)
380,765 (16.81)
316,774 3,740,000
316,774
380,765

308,000
234,152
234,152

117
,000 163.25
282,908
282,908
(17(17
.23)
.23)

1,567
,000
58,176
58,176 1,405,000
50,010

11.53
16.33

1,858,000
356,957

1,491,000
355,502

24.61
0.41

16.85
1.30

19.74
0.96

7.16
1.33

7.62
0.86

26.85
9.23 29.63
7.67

17
.94 43.62
0.54
0.58

147
233

146
258

0.68
(9.69)

16,164
1,570

13,556
1,511

19.23
3.94

0
331,642

10.45
12.74
12.74

10,432,022
21.13
27
.44
265,404 8,612,283
310,254(14.46)
(14.46) 3,964,542
224,268 3,110,914
285,001(21.31)
(21.31)
265,404
310,254
224,268
285,001

5,465,042
,851
25.41
(26.70)
247
,499(26.70)
181,423 4,357
181,423
247
,499

599,454
181,341
181,341

301,089
99.09
246,904
246,904 (26.55)
(26.55)

4,966,981
83,981
83,981 4,254,432
62,754

16.75
33.83

758,990
332,575

627,104
321,023

21.03
3.60

39.30
7.17

41.13
7.06

8.43
10.38

9.40
8.14

19.07
37.54

21.82
47.20

6.61
1.24

10.33
1.15

22
103

20
102

10.00
0.98

106,546
3,748

100,942
3,672

5.55
2.09

1,094,139
9,762

100,073
31,338
131,043 116,289
116,289 219.33
12.69
131,043
12.69

142,052
33,592
192,940 173,783
173,783 322.88
11.02
192,940
11.02

3,079,429
455,104 2,302,178
332,143 33.76
37.02 2,571,678
338,968 1,760,613
243,638 46.07
39.13
455,104
332,143
37.02
338,968
243,638
39.13

2,782,360
35.73
(15.99)
50,532 (15.99)
42,450 2,049,857
42,450
50,532

2,657
,586
1,907
,748 (15.99)
39.30
42,450
42,450
50,532
50,532
(15.99)

297
,069
252,321
412,654
412,654
281,612

17.73
46.53

(1,854,258)
209,802 (1,461,515)
155,830 (26.87)
34.64

5.01
34.70

2.10
37
.48

3.25
28.79

1.36
35.01

36.43
24.84
37.75 45.88

0.97
7.99

0.92
4.82

2,188
189

2,700
185

(18.96)
2.16

817
2,020

1,107
1,682

(26.25)
20.09

98,854
44,692

92,187
24,071

7.23
85.67

135,377
48,962 159,634
33,746 (15.20)
45.09
48,962
33,746
45.09

229,027
70,203 249,166
52,105
70,203
52,105

1,657
,591 1,913,088
734,784
734,784
705,401
705,401 (13.36)
4.17
4.17

16,452
6,578
6,578

14,843
7,165
7,165

8.62
9.02 1,306,186
40,112 1,182,554
35,580
9.02
40,112
35,580

2,557
,977 2,679,158
1,045,855
967
,491 (4.52)
8.10
8.10 2,036,158
709,025
709,025 2,355,774
709,355
709,355(13.57)
(0.05)
(0.05)
1,045,855
967
,491

1,657
,591 1,914,148
4.01
734,100 (13.40)
763,503
763,503
734,100
4.01

9.52
17.35
17
.35

1,345,569
12.15
249,766 1,199,755
215,527 15.89
15.89
249,766
215,527

576,270
204,805
204,805

491,907
.15
186,570
186,570 17
9.77
9.77

1,155,009
15.15
182,633 12.61
210,294 1,025,647
210,294
182,633
15.15

1,146,544
4.81
175,263 1,093,880
137
,227 27
.72
27.72
175,263
137
,227

605,059
155,206
155,206

574,422
5.33
116,752
116,752 32.94
32.94

151,339
37.73
95,938 (13.68)
132,140 175,332
132,140
95,938
37.73

2,855,524
2.30
56,986 2,791,309
48,940 16.44
16.44 1,325,419
52,187
52,187 1,355,585
46,853
46,853 (2.23)
11.38
11.38
56,986
48,940

2,005,711
,795
2.97
11.40
29,604
32,978 1,947
32,978
29,604
11.40

23,134
14,034
14,034

76,656
14,834 109,277
10,308 (29.85)
43.91
14,834
10,308
43.91

126,077
22,404
22,404

167
,260
(24.62)
15,283
46.59
15,283
46.59

59,498
16,570
16,570

8721,617
,492 (32.00)
(23.35)
21,617
(23.35)

1,497
,376 1,552,200
314,201
206,863 (3.53)
51.89
314,201
206,863
51.89

43,684
9,901
9,901

54,915
(20.45)
13,984 (29.20)
(29.20)
13,984

82,830
424
424

71,391
350
350

Secure
Solutions,
LdaLda
38n.a G4S
n.a
Malala
Investment
Group,
Malala
Investment
Group,
Lda

Servios
Comrcio
Comrcio

1,403,117
12.02
312,928 1,252,573
100,981 209.89
209.89
312,928
100,981

41
9191

de Moambique,
43
M SARL
mSARLE.P.
9090 Aeroportos
Topack
Moambique,
Topack
Moambique,

m
m
Transportes
Indstria e Armazenagem
Indstria

1,346,020
303,065 1,045,097
257
,793 28.79
17.56 (167,560)
508 (183,739)
483
303,065
257
,793
17.56
508
483

42
9292

42
9191 Gespetro,
MAHS
- Mozambique
Airport
Handling
Services,
Lda
MAHS
- SARL
Mozambique
Airport
Handling
Services,
Lda

m
Comrcio
Transportes
e Armazenagem
Transportes
e Armazenagem

1,309,503
296,799 1,143,261
232,258
296,799
232,258

14.54
27.79
27.79

9,161
24,056
24,056

43
9393

Investimentos
e Trading, Lda
4084 Servitrade
m
84
Teledata
deServios
Moambique,
Lda
Teledata
de
Moambique,
Lda

Construo
Comunicaes
Comunicaes

1,274,567
10.48
287
,355 1,153,647
299,561 (4.07)
(4.07)
287
,355
299,561

n.d
9,620
9,620

44
9494

Carvo daMozambique,
Matola,
39n.a Terminal
m de
M Lda Lda
n.a
Business
Connexion
Business
Connexion
Mozambique,
Lda

m
m
Transportes
Servios e Armazenagem
Servios

1,235,604
281,151 1,228,988
298,256
281,151
298,256

45
9595

Petroleum,
47
mLda
7575 African
Lalgy
Truck
Sales,
Lda
Lalgy
Truck
Sales,
Lda

m
Comrcio
Comrcio

1,211,762
272,181
272,181

916,017
32.29
365,369 (25.51)
(25.51)
365,369

18,747
14,415
14,415

46
9696

Banco,
SA
57
M
9292 Moza
Salvor
Hoteis
Moambique,
SARL
Salvor
Hoteis
Moambique,
SARL

Actividades
Financeiras
ee
deSimilares
Alojamento,
Restaurao
eSeguros
Similares
Alojamento,
Restaurao

1,197
,345
268,990
268,990

599,795
252,54 99.63
6.51
252,54
6.51

22,252
,379)
152
152 (67
(8,817)
(8,817) 133.03
101.72
101.72

Actividades
ComrcioFinanceiras e de Seguros
Comrcio

1,194,130
(7.76)
258,089 1,294,584
199,667 29.26
29.26 (603,228)
23,596
23,596 (732,337)
15,367
15,367
258,089
199,667

1753.55
.63
53.55

Servios
Servios

1,170,254
255,581
255,581

38.17
71.63
71.63

8,769
16,269
16,269

21,123
11,959
11,959

(8.08)
34.73
34.73

10.84
(8.19)
(8.19)

40
9090

16.02
21.14
21.14

131,442
424 136,754
350
350
424

(3.88)
21.14
21.14

8.81
5.18
5.18

524,699
508 301,725
483
483
508

73.90
5.18
5.18

2,682,190
260,495
260,495 2,320,801
255,640
255,640 15.57
1.90
1.90

605,427
91.76
7,586 315,713
2,815 169.48
169.48
7,586
2,815

821,783
11,851
11,851

443,010
85.50
5,235
5,235 126.38
126.38

3,192,371
203,395
203,395 2,370,365
204,295
204,295 34.68
(0.44)
(0.44)

2720,878
,570
20,878

15,897
73.43
33,293
33,293 (37
(37
.29)
.29)

1,141,140
1.50
238,970 1,124,317
262,828 (9.08)
(9.08) (179,941)
59,543
59,543 (118,643)
60,718
60,718 (51.67)
(1.94)
(1.94)
238,970
262,828

m
Comrcio
Servios
Servios

1,093,426
237
237
,520
,520
1,060,638

378,465
18,810
18,810

269,015
19,709
19,709

40.69
(4.56)
(4.56)

(127
97,439)
,591
97,591 (144,941)
89,978
89,978

12.07
8.46
8.46

1,181,836
285,815

34,815
131,534
131,534

141,319
94,717
94,717 (75.36)
38.87
38.87

995,204
43,124
43,124 918,548
41,289

8.35
4.44

1,610,476
326,628

1,596,956
5.03
29,199 1,520,470
29,199
22,778
22,778 28.19
28.19

849,813
24,008
24,008 843,513
19,335

0.75
24.17

1,439,554
297,785

206,192
(153)
(153) 121,268
(577)

70.03
73.48

12,169,870
13.06
(0.97)
350,141 (0.97)
346,76210,763,925
346,762
350,141

n.d
41,651
41,651
(66.15)
(66.15)

247
,572
179,180
22,353
22,353
13,024
13,024

1,569,870
314,897

12,944,202
,338 (0.79)
10.47
358,328
358,328 11,717
361,199
361,199
(0.79) 1,575,558
344,074
344,074 1,250,566
358,232
358,232 25.99
(3.95)
(3.95)

n.d
14,099
14,099

1753.55
.63
53.55

1,073,354
212,521 1,496.63
1.37

9.45
19.99

210,814
6,283
6,283 248.44
164.13
164.13

n.d
30,300
(68.25)
30,300
(68.25)

36,670
2,405
2,405 (82,052)
(11,374)
(11,374) 144.69
121.14
121.14

17,137
,475
215,428

190,560
39,472
39,472

734,570
16,595
16,595

14,176
(0.52)
25,139
25,139 116.56
116.56

(603,228)
34,700
34,700 (732,337)
22,598
22,598

17.70
20.98

856,331
9.09
172,628
172,628 21.82
21.82

794,019
2.44
164.13
6,283 164.13
16,595 775,142
16,595
6,283

896,411
11.58
5,705
5,705188.19
188.19

14,102
54,441
54,441

12,800
46.46
16,823 (14.31)
(14.31)
16,823

900,387
765,010
282,353
282,353 233,391

934,152
210,294
210,294

323,355
161.07
5,449
5,449170.77
170.77

1,000,211
16,441
16,441

4.47
47.86
47
.86

Servios
Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

201,628
195,955
195,955

310,987
288,946
288,946

197
,250 (19.85)
2.22
244,471
244,471
(19.85)

151,005
265,757
265,757105.94
8.73
8.73

844,175
14,754
14,754

174,107
32,895

6.97
13.14

12.70
9.05

5.29
4.68

5.96
3.49

16.26 23.30
18.99
15.59

1.23
0.96

1.23
1.01

387
339

342
328

13.16
3.35

5,328
1,117

3,781
1,156

40.94
(3.38)

103,794
46,783

180,472
15,818

(42.49)
195.76

0.94
1.82

0.96
2.31

1.22
2.63

1.24
3.32

9.02 24.45
8.90
18.18

0.62
0.97

0.57
1.08

642
82

850
72

(24.47)
13.89

2,353
4,702

2,058
4,432

14.33
6.08

103,433
18,047

170,827
10,211

(39.45)
76.74

1,375,612
312,175

17
.07
4.63

4.41
4.25

7.08
3.08

6.69
8.46

9.99
7.51

8.01 23.62
12.65
35.15

17
.38
1.18

4.06
1.23

518
66

475
60

9.05
10.00

3,498
5,535

3,535
5,726

(1.05)
(3.33)

34,193
2,576

212,607
11,762

(83.92)
(78.10)

1,518,842
194,720

(5.22)
52.93

2.92
3.15

3.54
6.76

1.53
17
.37

1.97
28.57

5.16 113.29
7.11
45.69

0.83
1.79

0.89
2.06

339
1,619

330
772

2.73
109.72

4,476
263

4,828
330

(7.28)
(20.47)

158,944
0

312,869
n.d

(49.20)-

1,240,813
(311,777)

1,126,782
10.12
(100,631) (209.82)

5.90
0.14

5.70
0.35

8.28
2.58

7.96 (116.16)
50.59 (121.32)
71.34
6.13

1.15
0.89

1.53
0.87

13,911
20 12,929
118

7.60
(83.05)

105
4,535

97
1,712

7.57
164.98

n.d

n.d

1,013,577
317
,770
317
,770

743,488
348,733
348,733 36.33
(8.88)
(8.88)

774,332
11,566
11,566 953,413
11,058

(18.78)
4.59

1,339,439
322,885

1,174,907
257,310

14.00
25.48

(1.29)
0.14

(1.57)
0.13

(19.40)
.49)
4.49 (174.47

1.55
1.08

1.68
1.03

806
168

776
156

3.87
7.69

1,702
1,871

1,412
1,713

20.49
9.22

1,550,092
36,456

1,829,738
17,193

(15.28)
112.04

123,069
64,501
64,501

112,953
8.96
126,120
126,120 (48.86)
(48.86)

42,760
125,654
125,654

40,476
117
,316

5.64
7.11

1,214,654
242,358

1,067
,158
197,721

13.82
22.58

0.70
8.11

0.77
7.00

4.54
12.28

4.45
6.65

22.01 22.45
19.80
14.82

1.12
0.69

1.20
1.00

279
323

271
281

2.95
14.95

4,762
983

4,219
863

12.88
13.82

15,252
n.d

7,916
n.d

92.67-

941,208
.77)
175,697
175,697 1,303,037
147
147
,357
,357(27
19.23
19.23

1,786,540
6.53
183,691 (3.12)
195,677 1,844,077
195,677
183,691
6.53

833,063
195,677
195,677

697
,648
19.41
175,496
175,496
11.50
11.50

n.d
64,818
64,818

n.d
71,950

(9.91)-

n.d
271,321

n.d
253,305

7.11-

3.35-

10.11-

3.69-

11.85-

14.07- 53.35-

1.13
0.90

1.87
0.84

700
88

n.d
90

(2.22)-

3,229-

3,366-

(4.07)-

554,172
43,627

n.d
44,160

(1.21)-

761,170
194,021
194,021

448,886
195,115
195,115 69.57
(0.56)
(0.56)

1,982,948
11.72
(8.28)
102,500 (8.28)
94,015 1,774,956
94,015
102,500

1,209,423
109,381
109,381 595,408
101,795

756,299
59,394 (49.30)
19.90

49.00
2.70

25.69
0.94

18.96
3.73

13.32
1.38

40,901
280,637
280,637

28,719
257
257
,380
,380 42.42
9.04
9.04

213,267
75,658
5.16
170,177 181.88
178,950 170,177
178,950
5.16

1.55
5.30

1.40
4.60

6.03
4.99

8.48
6.33

135,272
2.07
126,555
126,555(64.58)
(64.58)

158,868
70,301
70,301

1,680,951
94,015 1,396,001
94,015
102,500
102,500 20.41
(8.28)
(8.28)
168,654
178,950
178,950

64,707
170,177
170,177 160.64
5.16
5.16

97
,720
109,996
109,996

(12.45)
.58)
0.17 (170.19

103.13
7.45

383,459
71,212

75,347
95,580

29.69
15.08

1,206,731
206,242

881,387
323,057

2.18
9.32

1,051,800
35,445

610,464
27,319

72.30
29.74

1.86 (11.23)
0.06
(3.49)

0.15
0.02

(0.78)
(0.89)

(1,635,271)
223,942 (1,550,427)
174,410

(5.47)
28.40

(50.52)
9.14 (56.57)
7.70

(3.51)
16.17

(4.53)
13.44

33.94
11.03

35.16
7.67

60.00
43.36 103.96
30.21

7,856,814
168,601
168,601 5,356,627
175,482
175,482 46.67
(3.92)
(3.92)

13,468,718
82.84
6738.92
.74
190,494 7,332,661
(16.94) 12,299,964
471,612 (16.94)
391,720 7,366,501
391,720
471,612
190,494
137
,121
137
,121 38.92

1,351,355
566,039
517,768
566,039 1,322,525

15,481,342
13.67
,820 11,272,061
12.12
33.78 12,637
41,206 33.78
55,12613,619,450
55,126
41,206
34,887
36,423
34,887
36,423 (4.22)
(4.22)

1,691,111
,158 (33.35)
90,767
73,148
24.09
90,767 2,537

509,629
43.14
169,841
169,841 19.36
19.36

668,818
184,399
184,399

462,005
44.76
147
147
,35,35 25.14
25.14

184,706
229,106
20.33
122,294 (19.38)
147
,158 122,294
147
,158
20.33

184,706
147
,158
147
,158

183,186
0.83
46,463
46,463 216.72
216.72

544,752
55,569
47,547
55,569 280,523

94.19
16.87

1,195,044
462,384
462,384 1,048,667
444,963
444,963 13.96
3.92
3.92

(749,650)
206,035
206,035 (569,709)
146,491

729,458
202,727
202,727

793,334
236,771

617,648
179,707

36.91
(36.16)

28.44
31.75

19.92
6.42

n.d
265,673
265,673

n.d
254,847
254,847
4.25
4.25

1,944,693
20.16
(14.11)
298,471 (14.11)
256,349 1,618,375
256,349
298,471

1,023,917
256,349
256,349

512,281
99.87
298,471
298,471 (14.11)
(14.11)

(31.58)
40.65

13,351
187
,292

14,798
13,946
6.11
26,358
26,358 (21,271)
(21,271) 223.92
223.92

551,696
66,287
66,287

409,103
34.86
47,718
47,718 38.91
38.91

511,815
52,402
52,402

368,686
33,222
33,222 38.82
57.73
57.73

466,846
39.64
(40.01)
47,718 (40.01)
28,627 334,317
28,627
47,718

466,846
13,845
13,845

334,317
39.64
20,474
20,474 (32.38)
(32.38)

84,850
37,660
37,660

74,787 3283.43
13.46
(1,183)

1,077
,070
216,921

963,092
125,232

11.83
73.22

0.92
0.95
7.99 (13.19)

436,137

418,964

4.10

423,437

407,345

3.95

398,467

352,568

13.02

398,467

352,568

13.02

37,670

66,396 (43.26)

131,847

110,316

19.52

2.95

4.43

7.17

(24.29)

31,274

62,042

(49.59)

53,998

95,378

(43.39)

1,358 883.50
199,494
(6.12)

21.16
8.75

10,063
9,297
8.24
18,968
18,968 (22,403)
(22,403)
184.67
184.67

1,400,970

77.36-

156,774
1.34
(44.71)
127
,155(44.71)
127
,155

138,066
44,827
44,827

17,172,453
6.29
2.89
145,892
145,89216,156,608
114,354
114,354 27
.58
27.58 10,804,977
123,530
123,53010,501,962
93,777
93,777 31.73
31.73

14,820,073
957
957
,759
,759 8,689,027
989,381
989,381 70.56
(3.20)
(3.20)

0
186,983

504,883
116.71
240 3,970.21

32.83
10.18

(15.77)
24.92 (10.55)
23.10 (15.06)
12.88 (11.31)
13.65

67
7.09
.18 64.32
5.53

0.45
2.06

0.32
1.90

283
84

270
76

4.81
10.53

4,469
3,514

5,219
7,849

(14.37)
(55.22)

640,688
0

n.d
0

21.66
14.02

18.74
19.95

0.24
1.57

0.44
1.51

64
63

56
64

14.29
(1.56)

20,196
4,286

20,585
6,894

(1.89)
(37
.82)

159,981
220

25,000
2,023

539.92
(89.12)

1.66
0.03

(5.87)
(1.79)

0.64
0.89

0.73
1.28

437
342

325
334

34.46
2.40

3,143
796

2,563
789

22.60
0.84

416,093
0

254,054
0

63.78-

(28.53)
28.79 (34.13)
23.47

0.85
3.54

0.93
2.57

865
95

878
76

(1.48)
25.00

1,370
3,019

1,489
2,980

(71.29
.97)

n.d
6,777

n.d
5,451

24.33-

3.62
1.25

2.52
3.17

23
0

15
113

53.33-

61,592
4,524

78,231
1,961

(21.27)
130.68

19,452
0

17,596
0

10.55-

27.28 52.29
23.25
33.78

1.04-

0.85-

720
136

690
148

4.35
(8.11)

1,619
1,683

1,688
1,940

(4.12)
(13.24)

124,126
14,046

203,949
7,472

(39.14)
87.98

12.61 (230.89)
13.26
104.00

1.10
3.78

1.10
1.62

112
74

103
68

8.74
8.82

10,171
3,345

8,612
2,878

18.11
16.24

0
n.d

0
n.d

14.81

60.10 118.34

1.06

1.1

68

63

7.94

16,193

22,238

(27.18)

3.28

10.91

18,235

16,821

6,717

(56.35)

1.82 (46.95)
2.27
28.61

1,057,622

807,429

30.99

94,242

100,781

(6.49)

136,985

140,478

(2.49)

1,926,151

1,295,917

48.63

1,905,956

1,274,317

49.57

1,549,921

1,014,181

52.82

588,399

388,833

51.32

376,230

281,736

33.54

429,592

367,913

16.76

8.91

12.48

4.89

7.78

28.65 45.32

3.24

53

51

Televisa - Sociedade Tcnica de Obras


O e Projectos, Lda

Servios

1,056,556

774,269

36.46

18,970

18,650

1.72

41,368

30,065

37.60

1,099,061

1,067,023

3.00

949,137

956,506

(0.77)

1,021,610

999,217

2.24

919,058

871,491

5.46

77,451

67,805

14.23

931,439

696,208

33.79

1.80

2.41

1.73

1.75

26.12 28.47

1.03

1.10

407

330

23.33

54

54

Premier
m Group, Lda

m
Comrcio

1,052,802

692,969

51.93

8,542

3,403

151.01

12,610

7,768

62.33

927,748

766,778

20.99

442,176

337,804

30.90

893,954

753,260

18.68

893,954

753,260

18.68

87,794

956,679

685,201

39.62

0.81

0.49

0.92

0.44

16.86 28.80

0.49

0.45

603

566

55

56

TCNICA Industrial, SA

m
Comrcio

1,045,921

631,461

65.64

13,918

16,063

(13.35)

26,749

18,347

45.79

425,051

209,302 103.08

214,778

198,482

8.21

324,163

120,046

170.03

324,163

120,046

170.03

100,888

1,023,900

641,233

59.68

1.33

2.54

3.27

7.67

14.64 20.06

0.66

1.65

177

173

64 / A dcima sexta edio / The sixteenth edition

VN
VN
por Trabalhador
61,592
78,231
Revenue
R
per
Employee
m(21.27)

26,544
22,238

Austral, Lda Tursticos,


22
M -Africa
Turvisa
Empreendimentos
Lda
6565 C.M.C.
Turvisa
- Empreendimentos
Tursticos,
Lda

Actividades Financeiras e de Seguros

34.46

878

33,350
18,235

26
7676

Hollard Moambique
Companhia
de Seguros , SARL
M m
m

325

865

25,655
16,193

25
7575

49

437

0.93

15.05
10.91

4,171,989
2738.18
.70
1,317
56.18
18.60
500,078 3,266,935
361,906 38.18
27,944 843,526
(10,790) 358.98
358.98 1,428,993
27,944 1,204,924
(10,790) 358.98
358.98
500,078
361,906
27,379
,944
(10,790)
27,944
(10,790)

52

0.73

0.85

(3.67)
7.94

m
m
Transportes
e Armazenagem
Transportes
e Armazenagem

m
m
Transportes e Armazenagem

0.64

525
55

de Moambique,
23
M Lda
m
DHL
Moambique,
7676 Cornelder
DHL
Moambique,
Lda SA

CMA
Mozambique,
Lda
MCGM M
M m

(5.87)

1,281
63

24
7474

36

1.66

(28.53) (34.13)

604
61

532,216
9.39
7,381 486,525
3,135 135.44
135.44
7,381
3,135

51

539.92

1,234
68

149,000
(2,263)
(2,263)

977
,416
11.87
169,807
169,807
39.88
39.88

25,000

1.71
1.1

4,320,590
10.91
500,544 3,895,490
396,412 26.27
26.27
500,544
396,412

da- Empreendimentos
Regio
de Maputo,
SA
46
M
8989 guas
Avenida
Tursticos
e Hoteleiros,
Lda
Avenida
- Empreendimentos
Tursticos
e Hoteleiros,
Lda

159,981

0.75
3.28

4,340,000
503,374 1,951,000
439,619 122.45
14.50
503,374
439,619
14.50

Lda
44111 Unicomo
mMoambique,
M m Lda
111
Cowi
Moambique,
Cowi
Moambique,
Lda

(1.89)

1.10
1.06

Indstria
Comrcio
Comrcio

49
9999

20,585

0.79
3.24

Actividades
Servios
Servios Financeiras e de Seguros

50
100
100

20,196

(8.62)
(0.73)
60.10 118.34

Sabco
SA
21
M m
Tropigalia,
Lda
7171 Coca-Cola
Tropigalia,
Lda (Moambique),

899,657
202,959 30.08
25.93
202,959
25.93

14.29

(6.04) (14.38)
28.65
45.32

- Empresa
deSA
Seguros, SA
31
m Auditores
m eMoambicana
m
KPMG
Consultores,
SA
6767 Emose
KPMG
Auditores
eM
Consultores,

Mozambique,
Lda Associados,
48101 Grindrod
M- Consultores
101
CONSULTEC
Lda
CONSULTEC
-m
Consultores
Associados,
Lda

56

(2.05)
7.78

37,283,869
2.95
35,920,213
1.94
189,48235,236,507
363.60
40,872363.60
189,48236,216,497
189,482
40,872
189,482
40,872
40,872 363.60
363.60

48
9898

64

(0.63)
14.81

44,063,370
3.92
(2.56)
304,71342,400,315
160,616 89.72
89.72 30,335,478
282,25331,132,666
146,730 92.36
92.36
304,713
160,616
282,253
146,730

Bank
Moambique,
SA
50
M m
47
Intermetal,
SASA
9797 103
103 Barclays
Intermetal,

0.44

(0.62)
4.89

4,506,316
510,157 4,050,438
465,470
510,157
465,470

0.54
(5.74)
(5.74)

0.24

(6.89)
7.17

4,585,240
5.99
0.23
1,764,905
0.38
523,411 4,325,977
385,580 35.75
35.75 1,246,439
6,2601,243,527
12,154 (48.49)
(48.49)
12,133 1,758,155
28,801 (57
(57
.87)
523,411
385,580
6,260
12,154
12,133
28,801
.87)

m
Comercial
de Moambique,
SARL
33
m Moambique
M (ex.Select
m(ex.Select
39
ESES
Contact
Center
Vedior
Moambique)
8989 102
102 Entreposto
Contact
Center
Moambique
Vedior
Moambique) Comrcio
Servios
Servios

18.74

(1.50)
12.48

Indstria
Servios
Servios

1.79
35.16
35.16

21.66

Liquidez
3.62Geral
G2.52
Current
C
R - Ratio

(0.85)
4.43

Actividades
Servios
Servios Financeiras e de Seguros

13.67
7.32
7.32

n.d

(0.50)
8.91

75,957
,899 62,896,678
.07
613,26623,179,888
2.22 41,044,752
651,109 20.77
665,592
601,457 77
1.96
665,592
651,109
2.22
613,266
601,457
1.96

3,041
10.75
78,402 111.50
111.50
78,402

n.d

640,688

(10.27)
2.95

82,167
,820 68,094,227
661,053
661,053
706,764
706,764 20.67
(6.47)
(6.47) 34,571,939
509,373
509,37328,101,342
556,847
556,847 23.03
(8.53)
(8.53)

54.78
81.44
81.44

554,172

(14.37)

14.10
16.76

9.84
10.47
79.85
79.85 1,679,924
(45,410)
(45,410) 1,520,733
5,478
5,478(929.03)
(929.03)

84,465
50.35
18,729 316.96
316.96
18,729

5,219

3.58
19.52

1,713,794- - 1,428,011- - 20.01- -

55,165
57
,710
(4.41)
29,122 (73,685)
(73,685)
139.52
29,122
139.52

4,469

18,064,351
429,592 15,832,569
367,913

1,448,038
,413
5.90
99,102 1,367
37,637 163.31
163.31
99,102
37,637

126,991
78,092
78,092

4.81

35,046,000
131,847 33,836,000
110,316

3,455,417
3,398,217
1.68
64.83
1,410,002 64.83
2,324,049 1,410,002
2,324,049

52,002
25,366
25,366

270

1,525,267
(5.86)
376,230
376,230 1,620,297
281,736
281,736 33.54

1,713,794
1,428,011
37.24
5,845,215 20.01
8,022,058 5,845,215
8,022,058
37.24

72,000
106.94
10,321 (121.93)
(121.93)
10,321

n.d

283

38,077
(1.88)
37,000
,670
37,67038,806,000
66,396
66,396(43.26)

2,323,111- - 2,386,146- - (2.64)- -

14.31
74.60
74.60

700

9,821,000
398,467 6,271,000
398,467
352,568
352,568 56.61
13.02
13.02

4,361,038
4,273,113
2.06
4.81
2,788,119
2,788,119 1,570,868
1,570,868 77
.49
77.49 1,249,671
541,808
541,808 1,192,282
337
337
,185
,185 60.69
60.69

404,618
94,264 353,961
53,988
94,264
53,988

1.87
0.32

13,875,016
,363 30.31
588,399 8,892,498
52.82 11,208,554
1,014,181
1,549,92110,647
1,549,921
1,014,181
52.82
588,399
388,833
388,833 26.05
51.32
51.32

99,533
(90.61)
66,180
66,180 306.95
306.95

11.26
9.60
9.60

1.13
0.45

85,428,239
760,411
760,41170,646,624
519,389
519,389 20.92
46.40
46.40 45,305,898
590,125
590,12539,554,787
364,554
364,554 14.54
61.88
61.88

10.89
11.71
11.71 3,894,916
30,711
30,711 3,501,704
30,330
30,330

30,725
(76.45)
181,834
181,834 130,475
58,564
58,564 210.49
210.49

Rent
R VN
VNRent.
R A.ALiq. Rent.
R C.CP.
21.16Profits/
19.92 33.94
60.00 Funds
103.96
Rent.
R 35.16
Net
N S/hs
Revenue
R
Asset
A
(%)%
(%)% (15.06) (11.31)
(%)% 27.28 23.25
(15.77) (10.55)

151
51

32,261,000
(6.87)
(1,026.53)
1,060,638
1,060,63834,640,000
1,400,970
1,400,970 (24.29)
(24.29)(3,312,000)
31,274
31,274 (294,000)
62,042
62,042
(49.59)
(49.59) (3,312,000)
53,998
53,998 (294,000)
95,378
95,378(1,026.53)
(43.39)
(43.39)

67.09 64.32

13,514 549.65
89,256

13.03

61

55

8.40

2,932

The sixteenth edition / A dcima sexta edio /35.21


65
2,867

2,361

21.46

60,942

45,071

6.54

1,801

2.31

5,977

1,634

10.21

17,925

361,703

(95.04)

3,671

62.80

3,666

4,511

(18.73)

The following tables present the ranking of the Top Medium Companies in
Mozambique in 2013 according to the methodology adopted.

As tabelas que se seguem apresentam o ranking das Mdias Empresas


com maior Volume de Negcios de acordo com a metodologia adoptada.
Rank
Rank

Empresa
Empresa
Company
Company

Sector
Sector
de Actividade
de Actividade
Activity
Activity

Vol.Vol.
de Neg.
de Neg.
Revenues
Revenues
3
(103(10
Meticais)
Meticais)

20132013

20132013

20122012
%13/12
%13/12

Resultados
Resultados
Lquidos
Lquidos
NetNet
Profits
Profits
3
(103(10
Meticais)
Meticais)

20132013

Resultados
Resultados
Antes
Antes
dosdos
Impostos
Impostos
Income
Income
Before
Before
Taxes
Taxes
3
(103(10
Meticais)
Meticais)

Activo
Activo
Lquido
Lquido
NetNet
Assets
Assets
3
(103(10
Meticais)
Meticais)

Activo
Activo
Corrente
Corrente
Current
Current
Assets
Assets
3
(103(10
Meticais)
Meticais)

20122012
%13/12
%13/12

20132013

20122012
%13/12
%13/12

5,672
5,672 (20.75)
(20.75)

168.27
168.27
93,711
93,711 34,931
34,931

56,674
56,674

9,1199,119
521.49
521.49

(5,236) 86.4186.41
(711)(711) (5,236)

25,087
25,087 26,288
26,288(4.57)(4.57)

20122012
%13/12
%13/12

20132013

20122012
%13/12
%13/12

4,495
4,495

20132013

Forum
Forum
Hotis
Hotis
e Turismo,
e Turismo,
Lda (Hotel
Lda (Hotel
Sta Cruz)
Sta Cruz)

Alojamento,
Alojamento,
Restaurao
Restaurao
e Similares
e Similares

27,593
27,593 24,925
24,925 10.7 10.7

4,495
4,495 5,672
5,672(20.75)
(20.75)

Levas
Levas
Flor, Flor,
Lda Lda

Indstria
Indstria

27,592
27,592 23,710
23,710 16.4 16.4

(711)(711) (5,236)
(5,236)86.41
86.41

Tecnicol
Tecnicol
Moambique,
Moambique,
Lda Lda

Servios
Servios

27,070
27,070 25,530
25,530

6.0 6.0

749 749

839 839(10.73)
(10.73)

1,1021,102

1,234
1,234 (10.70)
(10.70)

Howard
Howard
JohnsonAssociates
JohnsonAssociates
Mozambique
Mozambique

Servios
Servios

25,733
25,733

8,866
8,866 190.2190.2

1,0131,013

98 98933.67
933.67

7,5177,517

MC -MC
Arquitetos,
- Arquitetos,
Lda Lda

Servios
Servios

23,532
23,532 12,150
12,150 93.793.7

(897)(897) (5,795)
(5,795)84.52
84.52

Telescan
Telescan
- Telecomunicaes
- Telecomunicaes
e Sistemas,
e Sistemas,
Lda Lda

Comunicaes
Comunicaes

23,458
23,458 51,850
51,850 (54.8)(54.8)

(448)(448) 1,6131,613(127.77)
(127.77)

2,492(117.98)
(117.98)
(448)(448) 2,492

(25.13)
(25.13)
52,307
52,307 69,861
69,861

Somonav,
Somonav,
Lda Lda

Servios
Servios

(9,572) 1,359
1,359
(804.34)
(804.34)
23,043
23,043 30,190
30,190 (23.7)(23.7) (9,572)

1,359(804.34)
(804.34)
(9,572)
(9,572) 1,359

Incala,
Incala,
Lda Lda

Indstria
Indstria

22,707
22,707 18,592
18,592 22.122.1

1,240
1,240

1,024
1,024 21.0821.08

4,5734,573
298.36
298.36 3.94 3.941.11 1.1110.3210.321.52 1.52
(98.21)
(98.21)
(14.24)
(14.24) 0.25 0.250.09 0.09

85 85 85 85 0.00 0.00

(4,172)
(4,172)
497.20
497.20

(5,069)
(5,069) (4,171)
(4,171)
(21.53)
(21.53)

17,94536.1336.13 (3.81)(3.81)
(47.70)
(47.70)(7.80)(7.80)
24,429
24,429 17,945
277.87
277.87 0.30 0.300.13 0.13
(92.57)
(92.57)19.4219.42

14 14 12 1216.6716.67

28,378
28,378 47,709
47,709
(40.52)
(40.52)

(36.49)
(36.49)
29,227
29,227 46,023
46,023

22,073
22,073 39,861
39,861(44.63)
(44.63)

23,080
23,080 23,838
23,838(3.18)(3.18)

47,936
(58.35)
(58.35) (1.91)(1.91)3.11 3.11(0.86)(0.86)2.31 2.31 (1.91)(1.91)7.14 7.14 1.29 1.291.20 1.20
19,964
19,964 47,936

(49.59)
16 16 19 19(15.79)
(15.79) 1,3401,340 2,6592,659(49.59)

(21.10)
(21.10)
39,094
39,094 49,546
49,546

37,851
37,851 19,750
19,75091.6591.65

40,504
40,504 41,384
41,384(2.13)(2.13)

2,6702,670

9,1909,190(70.95)
(70.95)

(1,410)
(1,410) 8,1628,162
(117.28)
(117.28)

29,274
29,274 28,156
28,1563.973.97

16,339
16,339 14,646
14,64611.5611.56

(12.98)
(12.98)
323 323

281 281

323 323(12.98)
(12.98)

28,993
28,993 27,833
27,833 4.17 4.17

(34.20)
(34.20)
10,489
10,489 15,941
15,941

8,680
8,680 14,646
14,646
(40.73)
(40.73)

319 319

(496)(496)164.31
164.31

662 662
(109.52)
(109.52)

(216)(216)

662 662(132.63)
(132.63)

11 11

PROMOTUR
PROMOTUR
- Residencial
- Residencial
Hoyo-Hoyo,
Hoyo-Hoyo,
Lda Lda

Alojamento,
Alojamento,
Restaurao
Restaurao
e Similares
e Similares

19,640
19,640 20,400
20,400 (3.7) (3.7)

2,3742,374 5,845
5,845(59.38)
(59.38)

3,526
3,526

5,845
5,845 (39.67)
(39.67)

10.4710.47
17,172
17,172 15,545
15,545

12 12

Tracus
Tracus
Arquitectos,
Arquitectos,
Lda Lda

Construo
Construo

1,575 3,049
3,049(48.34)
(48.34)
18,418
18,418 32,053
32,053 (42.5)(42.5) 1,575

1,575
1,575

3,049
3,049 (48.34)
(48.34)

9,545
9,545

2,879
2,879

102.46
102.46
1,422
1,422

29.06
29.06
7,3967,396

20122012
%13/12
%13/12

20132013

20122012
%13/12
%13/12

567 567

Resultados
Resultados
Antes
Antes
dosdos
Impostos
Impostos
Income
Income
Before
Before
Taxes
Taxes
3
(103(10
Meticais)
Meticais)
20132013

20122012
%13/12
%13/12

Indstria
Indstria
de Construes
de Construes
Sotomane,
Sotomane,
Lda Lda

Indstria
Indstria

14,132
14,132 10,940
10,940 29.229.2

407 407 39.31


39.31

834 834

645 645 29.3029.30

AutoAuto
Rectificadora
Rectificadora

Indstria
Indstria

12,600
12,600 13,091
13,091 (3.8) (3.8) 1,1861,186 1,898
1,898 (37.51)
(37.51)

1,230
1,230

1,9141,914 (35.74)
(35.74)

Siesta
Siesta
- Fbrica
- Fbrica
de mveis,
de mveis,
colchoaria,
colchoaria,
Lda Lda

Indstria
Indstria

12,560
12,560 13,421
13,421 (6.4) (6.4)

(138)(138)

(3) (4,487
(3) (4,487
.27) .27)

297 297

84 84254.08
254.08

Perfect
Perfect
Clean,
Clean,
E.I. E.I.

Servios
Servios

12,141
12,141

5,423
5,423 123.9123.9

298 298

288 288 3.473.47

439 439

423 423 3.78 3.78

FerroFerro
& Ferro,
& Ferro,
Lda Lda

Servios
Servios

11,835
11,835 16,717
16,717 (29.2)(29.2)

14 14

1 1,300.00
1 1,300.00

26 26

44 44 (40.91)
(40.91)

Autrase,
Autrase,
Lda Lda

Indstria
Indstria

8,670
8,670

4,953
4,953 75.075.0

140 140

145 145 (3.45)(3.45)

206 206

OLOGA
OLOGA
- Sistemas
- Sistemas
Informticos,
Informticos,
Lda Lda

Servios
Servios

8,005
8,005

7,3917,391

31 31

21 21 47.6247.62

31 31

Linkup
Linkup
Recruitment
Recruitment
Services
Services

Servios
Servios

7,4497,449

6,666
6,666 11.7 11.7 819.00
819.00

843 843 (2.85)(2.85)

Carpintaria
Carpintaria
Mutende
Mutende

243 243186.31
186.31

(4) (4) (1,220)


(1,220)99.67
99.67

281 281

(34.10)
(34.10)
11,151
11,151 16,922
16,922

25,206
25,206 28,626
28,626(11.95)
(11.95)

11,151
11,151 16,922
16,922(34.10)
(34.10)

(687)(687) (1,376)
(1,376)
50.0750.07

115 1,008.70
115 1,008.70

1,2751,275

115 1,008.70
115 1,008.70

15,867
15,867 15,429
15,429 2.84 2.84

30 30
(100.00)
(100.00)

4,0764,076 3,5003,50016.4616.46

155.14
155.14
2,336
2,336

5,4695,469 3,8963,89640.3740.37

209 20945.1245.12

0.00 0.00

0.00 0.00

303 303

(10.61) 26,671
1,8101,810 2,0252,025(10.61)
1,041.74
1,041.74
26,671 2,3362,336
(74.22)
1,7811,781 6,9086,908(74.22)

387 387(23.67)
(23.67)

0.00 0.00

293 293 11.5911.59

3,1193,119

467 467

19,526
19,526

1,2751,275

327 327

(22,700)
197.75
197.75 1.49 1.49(2.33)(2.33)3.04 3.04(3.11)(3.11)
22,189
22,189 (22,700)
(38.83)
(38.83)
(21.42)
(21.42) 0.78 0.780.87 0.87 44 44 48 48 (8.33)(8.33)

12.5412.54
16,277
16,277 14,463
14,463

295 295

74 74 65 6513.8513.85

(342)(342)
18.7118.71

594 594(11.95)
(11.95)

n.d n.d

28,83130.4730.47(41.54)
(41.54)4.50 4.50
37,615
37,615 28,831
(283.53)
(283.53)
17.7617.7614.1814.182.15 2.15 78 78 78 78 0.00 0.00
(24.48)
(24.48)2.74 2.74

(981)(981)
32.5232.52

523 523

n.d n.d

17,54220.9420.94 5.11 5.115.15 5.15 3.96 3.963.40 3.40 4.08 4.083.50 3.5058.1358.13
21,215
21,215 17,542
45.3445.34

(278)(278)

1,7641,76478.9778.97

5,960
5,960

18,217
18,217

(662)(662)

3,1573,157

192 192 28.65


28.65

Activo
Activo
Lquido
Lquido
NetNet
Assets
Assets
3
(103(10
Meticais)
Meticais)

20132013

20122012
%13/12
%13/12

7,4817,481

3,794
3,79497.1897.18

18,709
18,709 18,008
18,0083.893.89
2,660
2,660
-

2,528
2,5285.215.21
-

Activo
Activo
Corrente
Corrente
Current
Current
Assets
Assets
3
(103(10
Meticais)
Meticais)

20132013

20122012
%13/12
%13/12

9,0439,043
115.92
115.92 (0.32)(0.32)6.76 6.76(2.19)(2.19)
46.5546.5520.3220.32
(98.39)
(98.39) 3.69 3.691.93 1.93

14 14 13 13 7.69 7.69

15,944
15,944 14,647
14,647 8.86 8.86 12.0912.09
28.6528.6513.8213.8237.6037.6015.1715.17
46.6946.6912.7712.77
125.77
125.77 25 25 25 25 0.00 0.00
16,241
16,241 27,646
27,646
(41.25)
(41.25) 8.55 8.559.51 9.5116.5016.50
41.2241.2241.5841.58
174.23
174.23

- 77-.8777.87

12 12 10 1020.0020.00

25 25

(46.33)
5,8115,811(46.33)

426 426 9.69 9.69

n.d n.d

n.d n.d

1,4621,462 1,0301,03041.9341.93

0.00 0.00

0.00 0.00

770 770 2.05 2.05

0.00 0.00

0.00 0.00

786 786

(73.88)
1,6741,674 6,4116,411(73.88)

(56.64)
1,2241,224 2,8232,823(56.64)

Passivo
Passivo
Total
Total
TotalTotal
Liabilites
Liabilites
3
(10 3(10
Meticais)
Meticais)

20132013

20122012
%13/12
%13/12

Passivo
Passivo
Corrente
Corrente
Current
Current
Liabilities
Liabilities
3
(103(10
Meticais)
Meticais)

20132013

20122012
%13/12
%13/12

4,9154,915 1,2281,228
300.24
300.24

13,298
13,298 10,295
10,29529.1729.17 4.01 4.013.72 3.72 7.58 7.58
10.7310.7318.4618.46
66.2966.29

- 150 150 40 4025.0025.00

314 314

547 547
((42.59)
((42.59)

0.00 0.00

17,029
17,029 16,365
16,365 4.06 4.06

11,370
11,370 11,177
11,177 1.73 1.73 9.41 9.41
14.5014.50 6.34 6.34
10.5410.54 7.10 7.10
10.0910.09 38 38 38 38 0.00 0.00
12.0512.0510.3610.36

332 332

345 345 (3.75)(3.75)

(1.88)(1.88)

0.00 0.00

10,271
10,271 10,277
10,277(0.06)(0.06)

8,8728,872

6,9886,98826.9626.96

(7,611)
(7,611) (7,749)
(7,749)1.78 1.78

12,454
12,454 13,438
13,438 (7.32)(7.32) (1.10)(1.10)
(0.02)(0.02)(5.17)(5.17)
(0.12)(0.12) 1.79 1.790.04 0.04 0.12 0.120.11 0.11 25 25 23 23 8.70 8.70

523 523

584 584(10.31)
(10.31)

21.7121.71

n.d n.d

11,702
11,702

517 517

350 35047.6747.67

33.3133.31

816 816 1,0791,079(24.32)


(24.32)

26.1826.18

1,098
1,098
-

785 785
39.81
39.81
-

- 30 30 17 1776.4776.47

4,236
4,236

3,4133,413
24.1124.11

4,2274,227 2,5092,50968.4768.47

4,2274,227

2,5092,50968.4768.47

3,6223,622 3,4853,485 3.93 3.93

1,593
1,593

1,1791,179
35.1135.11

1,8091,809 1,4451,44525.1925.19

1,8091,809

1,4451,44525.1925.19

1,264
1,264

1,240
1,240 1.94 1.94

2,855
2,855

2,081
2,08137.1937.19

2,706
2,706

1,956
1,956
38.34
38.34

695 695

243 243186.31
186.31

3,693
3,693

3,444
3,444 7.22 7.22

2,338
2,338

1,990
1,99017.4917.49

701 701 1,1481,148


(38.92)
(38.92)

701 701

1,1481,148(38.92)
(38.92)

2,9922,992 2,2962,29630.2930.29

5,4865,486

30 30 (1,220)
(1,220)102.46
102.46

1,059
1,059

655 65561.6861.68

560 560

367 367
52.59
52.59

2,5772,577 2,1692,16918.8118.81

154 154

1,7351,735(91.12)
(91.12)

(1,519)
(1,519) (1,514)
(1,514)(0.33)(0.33)

139 139

59 59
135.59
135.59 (0.06)(0.06)
(328.84)
(328.84)(0.38)(0.38)
(186.26)
(186.26)0.26 0.26
161.16
161.16 3.64 3.640.21 0.21

4,1734,173 3,9273,927 6.26 6.26

4,437
4,43721.1021.10

5,373
5,373

4,437
4,43721.1021.10

8,7418,741

9,088
9,088(3.82)(3.82)

125.00
125.00

100 100
25.00
25.00

13 13

F.M. FSimes,
.M. Simes,
SA SA

Servios
Servios

5,428
5,428

6,2766,276 (13.5)(13.5)

348 348(53.45)
(53.45)

515 515 (53.59)


(53.59)

1,992
1,992

1,902
1,9024.734.73

1,992
1,992

1,902
1,9024.734.73

14 14

SOTEL
SOTEL
- Sociedade
- Sociedade
Tcnica
Tcnica
de Electricidade,
de Electricidade,
Lda Lda

Servios
Servios

5,266
5,266

4,407
4,407 19.5 19.5

58 58

31 31 87.1087.10

62 62

52 52 19.2319.23

15 15

MC Consulting,
MC Consulting,
Lda Lda

Servios
Servios

4,564
4,564

260 260
1,658.0
1,658.0

220 220

(336)(336)
165.29
165.29

541 541

(336)(336)260.99
260.99

1,841
1,841

460 460
300.45
300.45

1,452
1,452

460 460
215.96
215.96

16 16

Tecninfo,
Tecninfo,
Lda Lda

Servios
Servios

4,375
4,375

5,858
5,858 (25.3)(25.3)

183 183

782 782(76.60)
(76.60)

269 269

1,1501,150 (76.61)
(76.61)

3,032
3,032

2,843
2,8436.656.65

2,7442,744

2,888
2,888(4.99)(4.99)

1,2001,200

510 510
135.29
135.29

1,2001,200

510 510
135.29
135.29

8,5578,557 9,0889,088(5.84)(5.84)

8,5578,557

8,7718,771 (2.44)(2.44)

712 712

1,2101,210(41.16)
(41.16)

712 712
-

1,9481,948

1,2101,210(41.16)
(41.16)
-

786 786
147.79
147.79

412 412 491.00


491.00
(16.09)
(16.09)

(131)(131)
24.4324.43

11,808
11,808 16,673
16,673
(29.18)
(29.18) 0.12 0.120.01 0.01 0.15 0.150.01 0.01 0.56 0.560.04 0.04 1.42 1.421.17 1.17

14 14 15 15 (6.67)(6.67)

354 354(22.20)
(22.20)

- 1,2371,237

650.0050.00

1,0671,067 2,4642,464(56.68)
(56.68)

n.d n.d

6,0846,084 5,9435,943 2.37 2.37 10.9910.99


12.6512.6528.6928.69
40.5140.5136.8236.82
70.5470.54 0.01 0.010.01 0.01

5 0.00 0.00

1,4901,490 1,3331,333 11.7511.75

18.1718.17

n.d n.d

3,9593,95938.5738.57 10.9310.935.36 5.3618.8318.83 7.05 7.0526.3026.30


21.1621.16 3.33 3.331.73 1.73 40 40 32 3225.0025.00
8

177 177

283 283(37.65)
(37.65)

0.00 0.00

685 685

74 74
823.63
823.63

n.d n.d

5,4505,450

5,6205,620(3.02)(3.02) 4.18 4.183.17 3.17 4.60 4.604.33 4.33 6.10 6.105.01 5.01 4.48 4.488.70 8.70

10 10 11 11(9.09)(9.09)

562 562

551 551 2.03 2.03

(11.09)
(11.09)

0.00 0.00

318 318
(42.14)
(42.14)

5,9505,950

6,5976,597(9.81)(9.81)
(2,300.33)
(2,300.33)
(4.43)(4.43)
(1,530.57)
(1,530.57)
(2.98)(53,301.59)
(2.98)(53,301.59)
(56.28)
(56.28) 0.01 0.010.01 0.01 22 22 27 27(18.52)
(18.52)

237 237

223 223 6.62 6.62

(38.03)
(38.03)

0.00 0.00

50,641
50,641 1,3091,309
3,768.68
3,768.68

6,0376,037

4,9144,91422.8522.85 2.98 2.985.54 5.54 8.13 8.13


18.3018.30 0.62 0.62
53.1753.17 2.80 2.801.57 1.57 22 22 22 22 0.00 0.00

247 247

571 571(56.76)
(56.76)

n.d n.d

147 147

173 173
559.27
559.27

n.d n.d

n.d n.d

184 184

412 412 491.00


491.00(16.09)
(16.09)

2,6212,6212,352.00
2,352.0011.4411.44

4,0694,069

4,7044,704
(13.50)
(13.50) 4.18 4.18
13.3513.35 6.04 6.0427.5127.51 7.36 7.36
44.0144.01 6.66 6.665.88 5.88

1,7211,721 1,7061,706 0.89 0.89

4,3114,311

3,2553,25532.4432.44 0.74 0.744.88 4.88 0.66 0.66 7.63 7.63 1.87 1.87
10.4110.41 3.84 3.842.05 2.05 48 48 50 50 (4.00)(4.00)

4,348
4,348

3,440
3,440 26.426.4

32 32

168 168(80.96)
(80.96)

37 37

185 185 (80.01)


(80.01)

4,828
4,828

2,202
2,202
119.26
119.26

1,099
1,099

1,0151,0158.248.24

3,1073,107

496 496
526.39
526.39

286 286

496 496(42.30)
(42.30)

2,434
2,434

775 775 214.1214.1

(238)(238)

82 82
(390.24)
(390.24)

(238)(238)

113 113(310.62)
(310.62)

2,9162,916

2,6132,61311.6011.60

1,534
1,534

2,607
2,607
(41.16)
(41.16)

2,8072,807 2,2662,26623.8723.87

2,8072,807

2,2662,26623.8723.87

700,089
700,089 656,062
656,0626.716.71 249,810
249,810 191,874
191,874
30.1930.19

479,204
479,204400,558
400,55819.6319.63

(107)(107)

109 109

347 347
(68.59)
(68.59)

- 60 60
5

366.6766.67

1,1411,141

11 11 11 11 0.00 0.00

398 398

662 662
303.63
303.63 (9.78)(9.78)
10.5810.58(8.16)(8.16)3.14 3.14
(104.39)
(104.39)
47.2647.26 0.55 0.551.15 1.15

5 0.00 0.00

26,114
26,114 15,043
15,04373.6073.60
1,915.21
1,915.21
118.73
118.73 5.43 5.432.14 2.1415.9715.97
11.0011.00 2.10 2.107.23 7.23

89 89

60 6048.3248.32

(11.01)
(11.01)

n.d n.d

487 487

310 31057.0357.03

0.00 0.00

0.00 0.00

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

- 25 25 25 25 0.00 0.00

48 48

96 96(50.00)
(50.00)

0.00 0.00

295 295

369 369 (20.1)(20.1)

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

n.d n.d

42 42

105 105(60.06)
(60.06)

200 200

Agricultura
Agricultura
e Pescas
e Pescas

201 201

119 119 68.968.9 (1,045)


(1,045) (1,069)
(1,069) 2.252.25

(1,045)
(1,045) (1,069)
(1,069) 2.25 2.25

430 430

1,1211,121
(61.64)
(61.64)

280 280

679 679
(58.76)
(58.76)

4,0894,089 3,7343,734 9.51 9.51

4,0894,089

3,7343,734 9.51 9.51

(3,658)
(3,658) (2,613)
(2,613)
(39.99)
(39.99)

943 943

1,1721,172
(19.54)
(19.54)
(519.90)
(519.90)
(898.32)
(898.32)
(243.02)
(243.02)
(95.36)
(95.36)
33.3333.33
81.8281.82 0.07 0.070.18 0.18

9 13 13(30.77)
(30.77)

18 18

18 18 (0.19)(0.19)

14 14

Alojamento,
Alojamento,
Restaurao
Restaurao
e Similares
e Similares

100 100

90 90

50 50
80.00
80.00

90 90

50 50
80.00
80.00

150 150

130 13015.3815.38

40 40

30 3033.3333.33 40.0040.00
37.5037.5044.4444.44
60.0060.00
100.00
100.00
300.00
300.00 0.60 0.600.38 0.38

67 67

160 160(58.33)
(58.33)

66 / A dcima sexta edio / The sixteenth edition

40 40

30 30 33.33
33.33

60 60

50 50 20.0020.00

150 150

130 13015.3815.38

60 60

20 20
200.00
200.00

n.d n.d

n.d n.d

80 80 25.025.0

220,885
220,885255,504
255,504
(13.55)
(13.55)

2,6722,672

0.0 0.0

1,202
1,202

119,220
119,220 26,541
26,541
349.19
349.19

275 275

8 10 10(20.00)
(20.00)

814 81445.5845.58 1.10 1.100.70 0.70

Servios
Servios

35 35 28 2825.0025.00

(544)(544)
(365.37)
(365.37) 4.81 4.81
(129.54)
(129.54)11.9311.93
(73.15)
(73.15)
(101.41)
(101.41)
206.13
206.13 0.75 0.750.58 0.58

Servios
Servios

7,2997,299 6.95 6.95 0.39 0.390.28 0.28 1.81 1.811.60 1.60


(26.96)
(26.96)
(32.06)
(32.06) 0.88 0.880.82 0.82

1,1851,185

Limpers,
Limpers,
Lda Lda

n.d n.d

4,7404,74078.5978.59 1.61 1.612.93 2.93 1.78 1.782.42 2.42 3.94 3.948.32 8.32 1.00 1.001.36 1.36

(2,531)
(2,531)

Lavandaria
Lavandaria
Imperial
Imperial

7,8067,806

786 786147.79
147.79

8,4658,465

(326)(326)67.2967.29

1,9481,948

17 17

38,036
38,036 14,050
14,050170.72
170.72

(99) (99)

220,719.0
220,719.0265,793
265,793
(16.96)
(16.96) 220,719.0
220,719.0 265,793
265,793(16.96)
(16.96) 2,634.00
2,634.00 1,8151,81545.1245.12

18 18

ChefChef
Privado
Privado

1,3151,315
30.04
30.04

5,373
5,373

TerraTerra
Nova,
Nova,
Lda Lda

5,993
5,993
30.99
30.99

444 444 2.70 2.70

23 23

7,8507,850

(271)(271)
(49,267
(49,267
.90) .90)

22 22

5,0005,000
134.04
134.04 2.45 2.455.31 5.31

1,7101,710

456 456

Comrcio
Comrcio

21 21 47.6247.62

(271)(271)
(49,267
(49,267
.90) .90) (133,787)
(133,787)

BiriuBiriu
Cpias
Cpias

213 213 (3.29)(3.29)

6,1236,123 (5.0) (5.0)(133,787)


(133,787)

21 21

2,4872,487 2,5042,504(0.68)(0.68)

6,064
6,064 (2.6) (2.6)

1,202
1,202

9,6649,664(40.01)
(40.01)

5,8165,816

1,986
1,986 11,834
11,834 (83.2)(83.2) 38,036
38,036 14,050
14,050170.72
170.72

5,7975,797

5,906
5,906

Construo
Construo

6,5876,587 9,6649,664
(31.84)
(31.84)

%13/12
%13/12
20122012

n.d n.d

8,205
8,205 11,285
11,285
(27.29)
(27.29)

20132013

1,6441,644 2.19 2.19

9,0769,076 12,167
12,167
(25.40)
(25.40)

239 239

20132013 20122012
%13/12
%13/12

n.d n.d

Servios
Servios

Alojamento,
Alojamento,
Restaurao
Restaurao
e Similares
e Similares

20122012
%13/12
%13/12 20132013201220122013201320122012 20132013
20122012 2013201320122012
%13/12
%13/12
20122012 20132013

1,6801,680

Comrcio
Comrcio

Gilctricas
Gilctricas
Construes,
Construes,
Lda Lda

20132013

1,6801,680 1,6441,644 2.19 2.19

Neoqumica
Neoqumica
Moambique,
Moambique,
Lda Lda

Bazaruto,
Bazaruto,
Lda Lda

20122012
%13/12
%13/12

2,5662,566 2,5662,566 0.00 0.00

n.d n.d

Mediptica,
Mediptica,
Lda Lda

19 19

20132013

Custos
Custos
Operacionais
Operacionais Rent
Rent
VN VN
Rent.
Rent.
A. Liq.
A. Liq.Rent.
Rent.
C. PC.
. P. Liquidez
Liquidez N Trabalhadores
N Trabalhadores VN VN
porpor
Trabalhador
Trabalhador Novos
Novos
investimentos
investimentos
Operating
Operating
CostCost
Profits/
Profits/ Rent.
Rent.
NetNetS/hsS/hs
Funds
Funds
Geral
Geral N of
NEmployees
of EmployeesRevenue
Revenue
per per
Employee
Employee
realizados
realizados
3
(103(10
Meticais)
Meticais) Revenue
Revenue
Asset
Asset
(%)(%) Current
Current
New
New
Investment
Investment
released
released
3
(%)(%)
(%) (%)
Ratio
Ratio
(103(10
Meticais)
Meticais)

n.d n.d

11 11

20 20

Capitais
Capitais
Prprios
Prprios
Shareholdersfunds
Shareholdersfunds
3
(103(10
Meticais)
Meticais)

17,399
17,399 16,585
16,5854.914.91

12 12

162 162

7,8337,83334.1234.12

(32.63)
3,4683,468 5,1485,148(32.63)

(34.09)
732 732 1,1101,110(34.09)

The following tables present the ranking of the Top Small Companies in
Mozambique in 2013 according to the methodology adopted.

Resultados
Resultados
Lquidos
Lquidos
NetNet
Profits
Profits
3
(103(10
Meticais)
Meticais)

247 247

10,506
10,506

283 283

68.53
68.53
1,1441,144

1,928
1,928

As tabelas que se seguem apresentam o ranking das Pequenas Empresas


com maior Volume de Negcios de acordo com a metodologia adoptada.

695 695

24,296 6.88 6.88 2.77 2.773.29 3.2914.6414.64


25,968
25,968 24,296
56.7556.75 9.34 9.34
(39.13)
35.2535.2521.3521.35
(0.82)(0.82) 28 28 46 46(39.13)

- 130 130 143 143 (9.09)(9.09)

16,571
16,571

(496)(496)
164.31
164.31

371 371
1,562.5
1,562.5

4,0594,059 2,9572,95737.2737.27

16,571
16,571 10,432
10,43258.8558.85

(63) (63)

4,534
4,534 40.340.3

(577)(577)
149.05
149.05

(528)1,029.92
(528)1,029.92

319 319

6,1686,168

332 332(39.04)
(39.04)

2,462
2,462
158.37
158.37

0.9 0.9

6,361
6,361

419 41918.6818.68 12,699


324.72
12,699 2,9902,990324.72

202 202

28,673
28,673 3,3383,338
758.99
758.99

4,9104,910

9,789
9,789 101.7101.7

Indstria
Indstria

497 497

19,629(1.77)(1.77) (2.58)(2.58)
(22.08)
(22.08)(2.84)(2.84)
19,282
19,282 19,629
(33.32)
(33.32)
(420.33)
(420.33)
(19.92)
(19.92)

6,361
6,361

283.36
283.36
(577)(577)

%13/12
%13/12
20122012

19,160 8.76 8.76 16.2916.29


22.7622.76 4.80 4.80
20,838
20,838 19,160
1,129.88
1,129.88 3.50 3.500.82 0.82 54 54 57 57 (5.26)(5.26)
16.2416.2428.0828.08

83.75
83.75
6,260
6,260

1,0581,058

20132013

1,7801,780 2,4912,491
(28.56)
(28.56)

52.07
52.07
6,457
6,457

19,743
19,743

SIGASIGA
- Sistemas
- Sistemas
de Informao
de Informao
e Gesto
e Gesto
de Atendimento,
de Atendimento,
S.A S.A Servios
Servios

%13/12
%13/12
20132013 20122012

9,8199,819

21,473
21,473 21,279
21,279

10 10

20122012
%13/12
%13/12 20132013201220122013201320122012 20132013
20122012 20132013
%13/12
%13/12
20122012 2013201320122012

11,503
11,503

958 958 21.0821.08

8.3 8.3

20132013

4,294
4,294 75.0675.06

Servios
Servios

20132013

20122012
%13/12
%13/12

16,173
16,173 11,119
11,11945.4545.45
-

20132013

(5,795) 84.5284.52
(897)(897) (5,795)

Indstria
Indstria

20132013

23,307
23,307 23,797
23,797(2.06)(2.06)

20122012
%13/12
%13/12

476 476
455.04
455.04

1,1601,160

Vol.Vol.
de Neg.
de Neg.
Revenues
Revenues
3
(103(10
Meticais)
Meticais)

105.86
105.86
65,038
65,038 31,593
31,593

20132013

Custos
Custos
Operacionais
Operacionais Rent
Rent
VN VN
Rent.
Rent.
A. Liq.
A. Liq.Rent.
Rent.
C. PC.
. P. Liquidez
Liquidez N Trabalhadores
N Trabalhadores VN VN
porpor
Trabalhador
Trabalhador Novos
Novos
investimentos
investimentos
Operating
Operating
CostCost
Profits/
Profits/ Rent.
Rent.
NetNetS/hsS/hs
Funds
Funds
Geral
Geral N of
NEmployees
of EmployeesRevenue
Revenue
per per
Employee
Employee
realizados
realizados
3
(103(10
Meticais)
Meticais) Revenue
Revenue
Asset
Asset
(%)(%) Current
Current
New
New
Investment
Investment
released
released
3
(%)(%)
(%) (%)
Ratio
Ratio
(103(10
Meticais)
Meticais)

2,642
2,642

Euromoc.
Euromoc.
Lda Lda

Sector
Sector
de Actividade
de Actividade
Activity
Activity

%13/12
%13/12
20122012

Capitais
Capitais
Prprios
Prprios
Shareholdersfunds
Shareholdersfunds
3
(103(10
Meticais)
Meticais)

114.96
114.96
2,380
2,380

PINTEX
PINTEX
- Fbrica
- Fbrica
de Tintas,
de Tintas,
SARL
SARL

Empresa
Empresa
Company
Company

20132013

Passivo
Passivo
Corrente
Corrente
Current
Current
Liabilities
Liabilities
3
(103(10
Meticais)
Meticais)

5,1165,116

10 10

Rank
Rank

Passivo
Passivo
Total
Total
TotalTotal
Liabilites
Liabilites
3
(10 3(10
Meticais)
Meticais)

7 0.00 0.00

100.00
1 100.00

The sixteenth edition / A dcima sexta edio / 67

Ranking das 100


Maiores Empresas
de Moambique em
Dlares US
The Top 100
Companies in
Mozambique in
US Dollars

68 / A dcima sexta edio / The sixteenth edition

The sixteenth edition / A dcima sexta edio / 69

Rank
Rank

Empresa
Empresa
Company
Company

Sector
Sector
dede
Actividade
Actividade
Activity
Activity

2013
2013 2012
2012

2013
2013

1 1

SARL
1 1 Mozal,
Mozal,
SARL

Indstria
Indstria

2 2

- Petrleos
de de
Moambique,
SA SA
2 2 PETROMOC
PETROMOC
- Petrleos
Moambique,

Comrcio
Comrcio

Moambique,
SA SA
3 3 n.an.a ValeVale
Moambique,

Vol.
Vol.
dede
Neg.
Neg.
Revenues
Revenues
3 3
(10(10
USD)
USD)

2012%13/12
%13/12
2012

Resultados
Resultados
Lquidos
Lquidos
Net
Net
Profits
Profits
3 3
(10(10
USD)
USD)

2013
2013

2012%13/12
%13/12
2012

Resultados
Resultados
Antes
Antes
dos
dos
Impostos
Impostos
Income
Income
Before
Before
Taxes
Taxes
3 3
(10(10
USD)
USD)
2013
2013

629,422 595,158
595,158
629,422

5.76
5.76

(3,177) (8,929)
(8,929) (64.42)
(64.42)
(3,177)

26.05
26.05

,913
,401
(477
,213) (604,362)
(604,362) (21.04)
(21.04) 3,509,403
3,509,403 2,707
2,707
,913 29.60
29.60 787787
,401 555,505
555,505
(477
,213)

41.74
41.74

36.16
3,289,573 36.16
4,478,951
4,478,9513,289,573

10,602 (83.52)
(83.52) 1,455,030
1,455,030 1,286,037
1,286,037 13.14
13.14 186,476
186,476 164,014
164,014
10,602

13.70
13.70

24.47
671,862 24.47
836,261
836,261 671,862
42.01
87,293 42.01
87,293

(18.47)
,053(18.47)
446,021
446,021 547547
,053

5 5

de de
Moambique,
SARL
4 4 Cervejas
Cervejas
Moambique,
SARL

Indstria
Indstria

329,388
329,388

321,017
321,017

2.61
2.61

47,646 53,980
53,980 (11.73)
(11.73)
47,646

69,995
69,995

6 6

de de
Cahora
Bassa,
SARL
6 6 Hidroelctrica
Hidroelctrica
Cahora
Bassa,
SARL

Indstria
Indstria

304,606 305,675
305,675 (0.35)
(0.35)
304,606

77,234 117,679
117,679 (34.37)
(34.37)
77,234

116,602
116,602

7 7

SARL
3 3 MOTRACO,
MOTRACO,
SARL

Servios
Servios

,784 326,072
326,072 (11.74)
(11.74)
287287
,784

8 8

- Portos
e Caminhos
de de
Ferro
de de
Moambique,
E.P.E.P.
9 9 CFM
CFM
- Portos
e Caminhos
Ferro
Moambique,

Transportes
e Armazenagem
Transportes
e Armazenagem

276,590 235,563
235,563 17.42
17.42
276,590

9 9

- Moambique
Celular,
SA SA
5 5 mCel
mCel
- Moambique
Celular,

Comunicaes
Comunicaes

273,911
273,911

- Banco
Internacional
de de
Moambique,
SA SA
8 8 BIM
BIM
- Banco
Internacional
Moambique,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

268,791 264,224
264,224
268,791

8,273 (1.94)
(1.94)
8,273

9,484
9,484

55,909 49,161
49,161 13.73
13.73
55,909

82,980
82,980
2,779
2,779

76,148 (8.08)
(8.08)
76,148

82,986
82,986 79,735
79,735

4.08
4.08

56,025 108.13
108.13 1,889,747
1,889,747 1,938,051
1,938,051 (2.49)
(2.49) 311,954
311,954 339,821
339,821
56,025

(8.20)
(8.20)

9,639 (1.61)
(1.61)
9,639

26,332 (89.44)
(89.44)
26,332

130,221 124,042
124,042
130,221

156,534 129,449
129,449 20.92
20.92
156,534

815,813
815,813 713,328
713,328 14.37
14.37 236,118
236,118 176,320
176,320

217,487 288,279
(587
,347)
(969,548) (587
(24.56) (969,548)
288,279 (24.56)
217,487
,347)

65.07
65.07

20.23
30.23
512,620 30.23
1,933 20.23
,573 512,620
(20.80) 49.90
(101.36)(197(197
49.90191.83
191.83 3.62
2,324 1,933
667667
,573
(101.36)
.09).09) (11.07)
(11.07)
(20.80)
3.62 1.931.93 2,324

181,848 144,938
144,938
181,848

620,180
618,770 620,180
25.47 618,770
25.47

(0.23)
(0.23)

296,019
328,876 296,019
328,876

123,968 87,293
87,293
123,968

173,299
186,677 173,299
42.01 186,677
42.01

7.727.72

62,772
65,412 62,772
65,412

126,341 86,219
86,219
126,341

1,404,599
1,443,7261,404,599
46.531,443,726
46.53

2.79
2.79

11.03 25.36
,237 11.03
230,085 207207
38.50 4.09
6.07 5.42
3.94
25.36 38.50
5.42 8.24
8.24 2.47
230,085
,237
4.09 6.07
2.47 3.94

0 0

(100.00)
659659
(100.00)

99.45
463.50 99.45
924924 463.50

0 0

71,149
71,149

5.52
5.52

(8.93) 2.82
300,238 (8.93)
273,441 300,238
2.82
273,441

7 7

0.00
7 7 0.00

41,112
(11.74)
46,581.77 (11.74)
41,112
46,581.77

4,623
4,623

1,799 156.93
156.93
1,799

864,034
901,236 864,034
23.94 901,236
23.94

4.31
4.31

196,962
213,870 196,962
213,870

67,160
67,160

79,677 (15.71)
(15.71)
79,677

29,561
29,561

253.98
8,351 253.98
8,351

8.41
321,958 8.41
349,034
349,034 321,958

110,810 89,406
89,406
110,810

28.35
244,672 28.35
314,031
314,031 244,672

184,428 152,753
152,753
184,428

75,078
75,078

8.58 20.21
20.87
20.21 20.87
8.58

14.82
328,291 14.82
376,953
376,953 328,291

6.04
182182 6.04

1,3761,123.03
22.49
1,123.03 22.49
1,376

(1.38)
1,085 (1.38)
6.50 7.767.76 10.24
10.24 0.87
1,070 1,085
7.507.50 4.61
4.61 6.50
0.87 1.141.14 1,070

(16.07)
224224 267267
.01 .01(16.07)

29.19
973973 29.19

(38.91)
328.84(38.91)
201201 328.84

146,819
146,819

117,209
117,209 25.26
25.26

90,339
90,339 75,472
75,472

19.70
19.70

109,472
109,472

16.27
94,157 16.27
94,157

67,232 44,576
44,576
67,232

50.83
50.83

37,347
37,347

23,277
23,277

60.44
60.44

199,580
203,273 199,580
203,273

6,309 23.12
23.12
6,309

87,468
87,468

61,020
61,020 43.34
43.34

70,414
70,414 45,041
45,041

56.33
56.33

59,165
59,165

59.30
37,142 59.30
37,142

59,165
59,165

37,142
37,142

59.30
59.30

28,302
28,302

24,112
24,112

17.38
17.38

25.40 2.182.18 2.67


155,445 25.40
194,928 155,445
2.67 5.06
16.90 17.92
17.92 1.191.19 1.211.21 115115
194,928
5.06 7.207.20 16.90

13,553
13,553

18,107 (25.15)
(25.15)
18,107

45,042
45,042

47,729
47,729

(5.63)
(5.63)

57,268
57,268

3.05
55,571 3.05
55,571

56,775 44,554
44,554
56,775

27.43
27.43

44,060
44,060

47,996
47,996

(8.20)
(8.20)

24.98 3.763.76
,429 24.98
184,258 147147
184,258
,429

57,222
57,222

20.01
47,680 20.01
47,680

57,222 47,680
47,680
57,222

20.01
20.01

76,575
76,575

81,128
81,128

(5.61)
(5.61)

192,317
198,752 192,317
198,752

113,463 1.681.68
115,373
115,373 113,463

48,349 45,657
45,657
48,349

5.90
5.90

30,238
30,238

29,497
29,497

2.51
2.51

,873
207207
,873

4.67
4.67

14,314
14,314

8,293 72.61
72.61
8,293

203,161 164,595
164,595 23.43
23.43
203,161

4,429
4,429

0.76
0.76

16 16

Moambique,
SARL
14 14 Total
Total
Moambique,
SARL

Comrcio
Comrcio

201,727
201,727

7,585 12,335
12,335 (38.51)
(38.51)
7,585

200,149 206,332
206,332 (3.00)
(3.00)
200,149

101,328
101,328 103,102
103,102 (1.72)
(1.72)

(3,773)
(3,773)

4,268(188.40)
(188.40)
4,268

(4,128)
(4,128)

6,589(162.66)
(162.66)
6,589

137137
,893
,893 131,513
131,513

4.85
4.85

77,566
77,566 80,450
80,450

(3.58)
(3.58)

1,027
1,027

4,622 (77.77)
(77.77)
4,622

312312

3,526 (91.14)
(91.14)
3,526

145,611
145,611 142,675
142,675

2.06
2.06

41,725
41,725 40,198
40,198

3.80
3.80

4.26
,449
4.26 2,743,500
2,743,500 2,273,597
2,273,597 20.67
20.671,154,322
1,154,322 947947
,449

19 19

Comercial
e de
Investimentos
(BCI),
SA SA
18 18 Banco
Banco
Comercial
e de
Investimentos
(BCI),

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

173,564 154,836
154,836 12.09
12.09
173,564

47,494 45,812
45,812
47,494

3.67
3.67

56,166
56,166

53,869
53,869

20 20

Bank,
SARL
19 19 Standard
Standard
Bank,
SARL

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

153,301 153,240
153,240
153,301

0.04
0.04

41,673 44,050
44,050 (5.40)
(5.40)
41,673

59,007
59,007

62,280 (5.25)
(5.25) 1,471,231
1,471,231 1,415,703
1,415,703
62,280

21 21

de de
Moambique,
SA SA
20 20 Cimentos
Cimentos
Moambique,

Indstria
Indstria

150,663 143,480
143,480
150,663

5.01
5.01

13,528 12,538
12,538
13,528

22,772
22,772

17,454 30.47
30.47
17,454

22 22

- Empresa
Moambicana
de de
Seguros,
SA SA
31 31 Emose
Emose
- Empresa
Moambicana
Seguros,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

145,102
145,102

23 23

Sabco
(Moambique),
SA SA
21 21 Coca-Cola
Coca-Cola
Sabco
(Moambique),

Indstria
Indstria

144,453
144,453

,991
137137
,991

24 24

de de
Moambique,
SA SA
23 23 Cornelder
Cornelder
Moambique,

Transportes
e Armazenagem
Transportes
e Armazenagem

139,485
139,485

115,726 20.53
20.53
115,726

25 25

Africa
Austral,
LdaLda
22 22 C.M.C.
C.M.C.
Africa
Austral,

Construo
Construo

121,479 129,584
129,584 (6.25)
(6.25)
121,479

(1,939)
(1,939)

26 26

Freight
Services
(Mo),
SA SA
25 25 Manica
Manica
Freight
Services
(Mo),

Transportes
e Armazenagem
Transportes
e Armazenagem

113,467 100,454
100,454 12.95
12.95
113,467

341341

27 27

de de
Moambique,
SA SA
24 24 Telecomunicaes
Telecomunicaes
Moambique,

Comunicaes
Comunicaes

105,007
105,007

28 28

e Sasol,
SA SA
26 26 Petromoc
Petromoc
e Sasol,

Comrcio
Comrcio

101,183
101,183

29 29

de de
Moambique,
SA SA
27 27 Toyota
Toyota
Moambique,

Comrcio
Comrcio

30 30
31 31

3.92
3.921,012,871
1,012,8711,049,652
1,049,652

34.58 41.24
70,315 34.58
94,628 70,315
43.02 13.04
12.33 27.07
3.80 193193
41.24 43.02
27.07 23.42
23.42 3.48
94,628
13.0412.33
3.48 3.80
10.53 5.53
190,502 10.53
210,568 190,502
5.53
210,568

8,606 183.00
(19.68) 7.087.08 2.61
(250,347) (19.68)
(201,090)(250,347)
2.61
183.00 (201,090)
8,606

3,760 382.43
382.43
3,760
(56.39)
6,545
6,545 (56.39)

86 86

4.88
82 82 4.88

2,402 2,091.74
14.81
2,091.74 14.81
2,402

17,797
17,797

10,493
10,493

3.35 (1.89)
2.07 (2.74)
3.25 (4.78)
(1.89) 2.07
(4.78) 5.155.15 1.361.36 1.691.69 150150
3.35
(2.74) 3.25

0.00
150150 0.00

1,3341,427
(6.55)
1,427
1,334
.91.91 (6.55)

17,021
17,021

(23.78)
22,330
22,330 (23.78)

11.77 0.58
150,184 11.77
,855 150,184
2.79 0.71
3.24 3.44
0.88 735735
16.20 0.86
0.58 2.79
3.44 16.20
167167
,855
0.71 3.24
0.86 0.88

3.38
711711 3.38

235.23 4.134.13
245245 235.23

7,007
7,007

(12.35)
7,994
7,994 (12.35)

7.377.37

18.32
18.32

0.46
85.81 0.46
85.81

23,347
23,347

20,939
20,939

11.50
11.50

8.57
8.57

79,453
83,354 79,453
83,354

4.91 27.18
0.89 1,041
28.75 2.83
21.96 0.84
1,041
27.18 28.75
4.91
2.83 3.113.11 19.17
19.17 21.96
0.84 0.89

969969 7.437.43

(3.64)
158.31 (3.64)
153153 158.31

23,757
23,757

16,952
16,952

40.14
40.14

84,582
84,582

11.13
11.13

110,762
117,228 110,762
117,228

5.84 8.98
8.98
5.84

405405 8.158.15

351.24
357357 351.24

1.771.77

545545

148,168 108,640
108,640
148,168

36.38
36.38

93,998
93,998

14.45 27.36
101,752 14.45
116,451 101,752
29.59
27.36 29.59
116,451

8,254 (21.41)
(21.41)
8,254

257257
,095
,095 183,105
183,105 40.41
40.41

60,902
60,902

37,458
37,458

62.59
62.59

52.60
122,571 52.60
187187
,045
,045 122,571

27,679 21,035
21,035
27,679

31.59
31.59

70,050
70,050

61,126
61,126

14.60
14.60

103.97 3.43
51,895 103.97
105,851 51,895
3.69
3.43 3.69
105,851

21,974 (1.06)
(1.06)
21,974

122,397
122,397

89,969
89,969 36.04
36.04

34,682
34,682 25,992
25,992

33.43
33.43

51,906
51,906

41.10
36,786 41.10
36,786

48,728 33,864
33,864
48,728

43.89
43.89

67,185
67,185

53,703
53,703

25.10
25.10

114,206
122,742 114,206
122,742

44,045 29,880
29,880
44,045

47.40
47.40

47,776
47,776

42,682 11.93
11.93
42,682

110,006
110,006

85,520
85,520 28.63
28.63

67,678
67,678 53,933
53,933

25.48
25.48

34,216
34,216

0.64
34,000 0.64
34,000

23,024 23,751
23,751
23,024

(3.06)
(3.06)

75,790
75,790

52,024
52,024

45.68
45.68

(306.20)
940940(306.20)

(543)
(543)

(323) 68.17
68.17
(323)

722,418
722,418

(5.41)
728,525 (5.41)
689,135
689,135 728,525

156,909 216,736
216,736
156,909

(27.60)
(27.60)

33,283
33,283

35,564
35,564

(6.41)
(6.41)

130,307
134,448 130,307
134,448

(274)(224.38)
(224.38)
(274)

1,097
1,097

.12.12
113113 867867

52,176
52,176

27,416 41,832
(34.46)
41,832 (34.46)
27,416

6,160
6,160

5,216
5,216

18.11
18.11

23,808
24,493 23,808
24,493

174,003
173,546 174,003
46.03 173,546
46.03

(0.26)
(0.26)

108,559
116,442 108,559
116,442

763,745
763,745 (5.41)
(5.41) 178,969
178,969 299,747
299,747 (40.29)
(40.29)
29,674
29,674 41,532
41,532 (28.55)
(28.55)

46,015
46,015

(3.18)
47,525 (3.18)
47,525

27.45
27.45

1,739
1,739

2,698 (35.57)
(35.57)
2,698

3,915
3,915

2,449 59.88
59.88
2,449

246,182
246,182

24.39
197197
,918,918 24.39

168,692 115,517
115,517
168,692

9.47
9.47

1,844
1,844

2,044 (9.78)
(9.78)
2,044

2,819
2,819

2,521 11.83
11.83
2,521

42,589
42,589

29,181
29,181 45.95
45.95

35,932
35,932 22,789
22,789

57.67
57.67

31,509
31,509

58.00
19,942 58.00
19,942

30,977 19,047
19,047
30,977

62.63
62.63

11,081
11,081

9,329
9,329

18.78
18.78

98,207
98,207

85,641 14.67
14.67
85,641

4,246
4,246

2,992 41.90
41.90
2,992

6,582
6,582

4,771 37.95
37.95
4,771

76,915
76,915

72,979
72,979

48,628
48,628 55,302
55,302 (12.07)
(12.07)

56,325
56,325

(5.12)
59,367 (5.12)
59,367

48,011 53,915
53,915
48,011

(10.95)
(10.95)

20,590
20,590

13,745
13,745

49.80
49.80

- Sociedade
de de
Desenvolvimento
do do
Porto
de de
Maputo,
SA SATransportes
e Armazenagem
28 28 MPDC
MPDC
- Sociedade
Desenvolvimento
Porto
Maputo,
Transportes
e Armazenagem

92,429
92,429

81,759 13.05
13.05
81,759

2.10
2.10

30,826
30,826

25,100 22.81
22.81
25,100

87,604
87,604

71,615
71,615 22.33
22.33

47,743
47,743 42,864
42,864

11.38
11.38

41,140
41,140

(11.54)
46,506(11.54)
46,506

38,771 44,027
44,027
38,771

(11.94)
(11.94)

46,464
46,464

25,354
25,354

Alliance
Seguros,
SA SA
32 32 Global
Global
Alliance
Seguros,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

82,588
82,588

63,778 29.49
29.49
63,778

4,102
4,102

2,808 46.09
46.09
2,808

6,066
6,066

4,163 45.71
45.71
4,163

55,758
55,758

35,612
35,612 56.57
56.57

48,168
48,168 28,666
28,666

68.03
68.03

40,525
40,525

64.79
24,591 64.79
24,591

37,989 22,682
22,682
37,989

67.49
67.49

15,232
15,232

11,128
11,128

Comrcio
Comrcio

81,102
81,102

101,508 (20.10)
(20.10)
101,508

113113

4.53
4.53

1,310
1,310

947947 38.39
38.39

40.94
40.94

1,086
1,086

35.93
799799 35.93

1,086
1,086

35.93
35.93

224224

149149

50.28
50.28

163.25
3,907 163.25
3,907

52,321
52,321

Internacional
de de
Moambique
(SIM),
SA SA
29 29 Seguradora
Seguradora
Internacional
Moambique
(SIM),

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

79,171
79,171

70,351 12.54
12.54
70,351

13,340 13,886
13,886 (3.93)
(3.93)
13,340

17,987
17,987

18,916 (4.91)
(4.91)
18,916

Moambicana
de de
Hidrocarbonetos,
SA SA
30 30 Companhia
Companhia
Moambicana
Hidrocarbonetos,

Indstria
Indstria

74,807
74,807

69,726
69,726

29,403 28,681
28,681
29,403

2.52
2.52

43,671
43,671

41,890
41,890

185,943
185,943 171,786
171,786

4.25
4.25

348,315
348,315

799799

11.28
1,906 11.28
28.27 0.84
2,121 1,906
1.731.73 2.012.01 24.83
24.83 28.27
0.84 1.221.22 2,121

5.86 15.15
0.89 438438
15.21 0.86
8.748.74 5.145.14 5.86
15.15 15.21
0.86 0.89

6,486
6,486

34 34

(1.52)
330330 (1.52)

114.76
206.30 114.76
443443 206.30

14,042
14,042

10.94
914914 10.94

(4.76)
150150 157157
.34.34 (4.76)

33,443
33,443

18,812
18,812

77.77
77.77

24.55 31.58
73,815 24.55
34.94 68.92
91,936 73,815
25.82 40.04
61.32 2.94
31.58 25.82
91,936
40.0434.94
68.92 61.32
2.94 2.27
2.27 611611

5.89
577577 5.89

9.47
214.51 9.47
235235 214.51

16,409
16,409

10,163
10,163

61.47
61.47

(8.57)
53.90 (8.57)
53.90

7,610
7,610

6,975
6,975

9.109.10

(5.14)
2,530 (5.14)
0.73 (0.27)
2.55 1.141.14 1.381.382,400
2,400 2,530
(1.60) 0.73
3.183.18 (1.60)
(0.27) 0.120.12 (5.63)
(5.63) 2.55
2.88 0.30
(0.52) 6.00
(0.27) 0.65
(7.65) 1.081.08 0.99
0.30 (0.27)
2.88
0.65(0.52)
6.00 (7.65)
0.99 476476

44.68
329329 44.68

(0.13)
1,526 (0.13)
0.73 1.001.00 1.491.49 0.89
2.35 0.41
1,524 1,526
7.267.26 1.661.66 2.35
0.41 0.73
0.89 1.021.02 1,524

1,315
1,315

1,114
1,114

83.26
83.26

16.75 23.14
55,457 16.75
29.25 59.55
64,747 55,457
25.62 24.41
136.80 1.231.23 0.97
23.14 25.62
64,747
24.4129.25
59.55136.80
0.97 517517

36.88
36.88

28.35 4.97
59,615 28.35
76,518 59,615
4.40
4.97 4.40
76,518

17,343
17,343

239.26
5,112
5,112 239.26

18.70
773.07 18.70
918918 773.07

37 37

(36.39)
58 58 (36.39)

(20.37) 0.140.14 0.110.11 8.60


(101,749) (20.37)
(81,023) (101,749)
144.34 1.151.15 1.111.11
(81,023)
8.6011.38
11.38 60.29
60.29144.34

22 22

22.22
18 18 22.22

(64.05)
11,278.66(64.05)
4,055
4,055
11,278.66

23 23

871.59
2 2 871.59

29.77 17.94
7.177.17 8.08
8.08 26.76
26.76 29.77
17.9444.04
44.04 147147

0.68
146146 0.68

12.54
480.21 12.54
540540 480.21

0 0

10.00
20 20 10.00

(0.38)
3,575.69 (0.38)
3,562
3,5623,575.69

36,581
36,581

7.207.20

124,875 7.017.01
133,623
133,623 124,875

10,284
10,284

47,370
47,370

10.45
10.45

17.6116.85
52,816 17.61
62,120 52,816
19.74
16.85 19.74
62,120

25.41
145,504 25.41
182,472
182,472 145,504

20,015 10,053
10,053
20,015

143,440
165,842 143,440
99.09 165,842
99.09

15.62
15.62

14.23 39.30
22,214 14.23
25,376 22,214
41.13 8.44
22.00 6.61
39.30 41.13
25,376
8.44 9.97
9.97 19.01
19.01 22.00
6.6110.43
10.43

22 22

1,110 201.40
201.40
1,110

4,749
4,749

1,190 299.12
299.12
1,190

102,819
102,819

76,867
76,867 33.76
33.76

85,866
85,866 59,360
59,360

44.65
44.65

92,900
92,900

35.73
68,443 35.73
68,443

88,734 63,698
63,698
88,734

39.30
39.30

9,919
9,919

8,507
8,507

16.59
16.59

(18.96)
19.75 5.015.01 2.102.10 3.25
2,700(18.96)
(51,772) 19.75
(61,995) (51,772)
26.10 0.97
2,188 2,700
(61,995)
3.25 1.441.44 36.32
36.32 26.10
0.97 0.93
0.93 2,188

4,526
4,526

5,655 (19.96)
(19.96)
5,655

7,657
7,657

8,826 (13.25)
(13.25)
8,826

85,408
85,408

89,454
89,454 (4.52)
(4.52)

67,985
67,985 79,426
79,426 (14.40)
(14.40)

55,345
55,345

(13.40)
63,911(13.40)
63,911

55,345 63,876
(13.36)
63,876 (13.36)
55,345

30,063
30,063

25,793
25,793

16.56
16.56

1,406.95 6.97
38,022
572,968 38,022
12.70 5.30
23.47 1.231.23 1.241.24 387387
6.97 12.70
572,968
1,406.95
5.30 6.32
6.32 16.21
16.21 23.47

37 37

Lalgy,
LdaLda
35 35 Transportes
Transportes
Lalgy,

Transportes
e Armazenagem
Transportes
e Armazenagem

58,695
58,695

54,614
54,614

7.477.47

550550

3.37
3.37

44,927
44,927

40,059
40,059 12.15
12.15

19,241
19,241 16,585
16,585

38,565
38,565

12.61
34,245 12.61
34,245

31,190 28,592
28,592
31,190

9.09
9.09

6,363
6,363

5,870
5,870

8.39
8.39

25.37 0.94
41,865 25.37
52,486 41,865
0.96
0.94 0.96
52,486

38 38

LdaLda
34 34 Construa,
Construa,

Comrcio
Comrcio

58,059
58,059

54,654
54,654

6.23
6.23

2,563
2,563

3,871 (33.79)
(33.79)
3,871

4,215
4,215

5,925 (28.86)
(28.86)
5,925

38,282
38,282

36,524
36,524

4.81
4.81

20,202
20,202 19,367
19,367

4.31
4.31

5,053
5,053

(13.68)
5,854(13.68)
5,854

(75.36)
4,718
4,718 (75.36)

10.50 4.41
48,729 10.50
53,844 48,729
53,844
4.41

39 39

Comercial
de de
Moambique,
SARL
33 33 Entreposto
Entreposto
Comercial
Moambique,
SARL

Comrcio
Comrcio

50,063
50,063

54,984 (8.95)
(8.95)
54,984

1,461
1,461

1,945 (24.92)
(24.92)
1,945

1,989
1,989

3,099 (35.82)
(35.82)
3,099

95,343
95,343

93,199
93,199

2.30
2.30

44,254
44,254 45,704
45,704

(3.17)
(3.17)

66,969
66,969

2.97
65,035 2.97
65,035

53,321 50,767
53,321
50,767

40 40

Secure
Solutions,
LdaLda
38 38 G4S
G4S
Secure
Solutions,

Servios
Servios

46,911
46,911

44,370
44,370

2,769
2,769

2,529
2,529

9.51
9.51

4,395
4,395

4,844 (9.28)
(9.28)
4,844

33,396
33,396

29,930
29,930 11.58
11.58

28,186
28,186 10,902
10,902 158.54
158.54

26,511
26,511

2.44
25,881 2.44
25,881

24,527
24,527

41 41

de de
Moambique,
E.P.E.P.
43 43 Aeroportos
Aeroportos
Moambique,

Transportes
e Armazenagem
Transportes
e Armazenagem

45,002
45,002

37,021 21.56
21.56
37,021

(5,602) (6,509)
(6,509) (13.93)
(13.93)
(5,602)

17,543
17,543

10,688 64.13
64.13
10,688

42 42

SARL
42 42 Gespetro,
Gespetro,
SARL

Comrcio
Comrcio

43,781
43,781

40,498
40,498

8.118.11

471471

(6.11)
502502 (6.11)

43 43

Servios
Investimentos
e Trading,
LdaLda
40 40 Servitrade
Servitrade
Servios
Investimentos
e Trading,

Construo
Construo

42,613
42,613

40,866
40,866

4.28
4.28

89,556
89,556

44 44

de de
Carvo
da Matola,
LdaLda
39 39 Terminal
Terminal
Carvo
da Matola,

Transportes
e Armazenagem
Transportes
e Armazenagem

41,311
41,311

43,535 (5.11)
(5.11)
43,535

20,242
20,242

11,184 80.99
80.99
11,184

27,475
27,475

15,693 75.08
75.08
15,693

106,590
106,590

45 45

Petroleum,
LdaLda
47 47 African
African
Petroleum,

Comrcio
Comrcio

40,514
40,514

32,448 24.86
24.86
32,448

627627

38.23
453453 38.23

922922

63.69
563563 63.69

10,384
10,384

5,042
5,042 105.94
105.94

46 46

Banco,
SA SA
57 57 Moza
Moza
Banco,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

40,032
40,032

21,247 88.41
88.41
21,247

(2,387)(131.17)
(131.17)
744744 (2,387)

1,226
1,226

(2,907)(142.18)
(142.18)
(2,907)

47 47

Bank
Moambique,
SA SA
50 50 Barclays
Barclays
Bank
Moambique,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

39,924
39,924

45,858 (12.94)
(12.94) (20,168)
(20,168) (25,942)
(25,942) (22.26)
(22.26)
45,858

48 48

Mozambique,
LdaLda
48 48 Grindrod
Grindrod
Mozambique,

Servios
Servios

39,126
39,126

31,869 22.77
22.77
31,869

49 49

da Regio
de de
Maputo,
SA SA
46 46 guas
guas
da Regio
Maputo,

Servios
Servios

38,152
38,152

39,827 (4.20)
(4.20)
39,827

50 50

Moambique,
LdaLda
44 44 Unicomo
Unicomo
Moambique,

Comrcio
Comrcio

36,557
36,557

34,623
34,623

5.59
5.59

336336

51 51

CGM
Mozambique,
LdaLda
36 36 CMA
CMA
CGM
Mozambique,

Transportes
e Armazenagem
Transportes
e Armazenagem

35,461
35,461

49,627 (28.54)
(28.54)
49,627

52 52

Moambique
Companhia
de de
Seguros
, SARL
49 49 Hollard
Hollard
Moambique
Companhia
Seguros
, SARL

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

35,360
35,360

28,602 23.63
23.63
28,602

35,325
35,325
35,199
35,199

Televisa
- Sociedade
Tcnica
de
Obras
e Projectos,
LdaLda
Servios
51 51
53 53/ A
Televisa
- Sociedade
Tcnica
de
Obras
e Projectos,
Servios
70
dcima
sexta
edio
/ The
sixteenth
edition
54 54

Group,
LdaLda
54 54 Premier
Premier
Group,

Comrcio
Comrcio

(20,168) (25,942)
(25,942) (22.26)
(22.26)
(20,168)

6,586
6,586

(84.82)
7,531
7,531 (84.82)

4,089
4,089

68.38
68.38

39,914
41,485 39,914
41,485

3.93
5.90
3.93 5.90

32,145 (19.57)
32,145
(19.57)

41,619
44,782 41,619
44,782

(17.58) (1.30)
(17.45) 1.551.55 1.701.70 806806
7.607.60(12.45)
(12.45) (17.58)
(1.30)(1.66)
(19.32)(17.45)
(1.66)(19.32)

3.87
776776 3.87

37,802
40,610 37,802
40,610

0.77 4.55
22.52 1.121.12 1.211.21 279279
7.437.43 0.70
0.70 0.77
4.55 4.72
21.94 22.52
4.72 21.94

2.95
271271 2.95

25,854
25,854

8.96
8.96

1,428
1,428

12,929 7.607.60
- 8.29
72.18 1.151.15 1.551.5513,911
13,91112,929
8.29 8.45
8.45 50.47
50.47 72.18

59,651
59,651

(3.12)
61,572 (3.12)
61,572

27,815 23,294
27,815
23,294

19.41
19.41

67.93
67.93

66,209
66,209

11.72
59,264 11.72
59,264

56,125 46,611
56,125
46,611

20.41
20.41

40,381
40,381

20,074
20,074

101.16
101.16

26,791 (52.15)
12,820 26,791
25.69 18.99
65.07 0.45
12,820
49.00 25.69
18.9914.13
66.96 65.07
0.45 0.32
(52.15) 49.00
14.13 66.96
0.32 283283

968968

41.04
41.04

7,121
7,121

181.88
2,526181.88
2,526

160.64
2,161
2,161 160.64

3,263
3,263

2,540
2,540

28.44
28.44

31,222 29.22
40,345 31,222
40,345
29.22 1.551.55

494,827
494,827 290,118
290,118 70.56
70.56 262,331
262,331 180,601
180,601

45.25
45.25

82.84
245,960 82.84
449,707
449,707 245,960

410,683 244,830
410,683
244,830

67.74
67.74

45,120
45,120

44,590
44,590

1.891.89

13.67
454,740 13.67
516,906
516,906 454,740

421,964
376,363
421,964 376,363

12.12
12.12

56,464
56,464

0.83
0.83

18,189
18,189

6.29
6.29 360,767
360,767 354,078
354,078

17,016
17,016 43.14
43.14

(6,016) (4,203)
(4,203) 43.15
43.15
(6,016)

(4,261)
(4,261)

(5,134) (17.01)
(17.01)
(5,134)

39,901
39,901

35,014
35,014 13.96
13.96

0.15
0.15

18,421
18,421

13,660
13,660 34.86
34.86

22,331
22,331 15,577
15,577
-

17,089
17,089 12,430
12,430

43.36
43.36

5,631
5,631

6,167
6,167

(19.38)
7,650(19.38)
7,650

6,167
6,167

6,116
6,116

64,931
64,931

20.16
54,036 20.16
54,036

34,188
34,188

17,105
17,105

37.48
37.48

15,588
15,588

39.64
11,163 39.64
11,163

15,588
11,163
15,588 11,163

39.64
39.64

1,365
1,365

4.62
4.62

(42.85)
6,051
6,051 (42.85)

(52.05)
11,083
11,083 (52.05)

6,885
6,885

36.33
36.33

3,458
3,458

5,314
5,314

248.44
7,039
7,039 248.44

3,771
3,771

7.917.91

1.211.21

1,143
1,143

1.531.53 2.09
0.83 0.90
2.09 5.145.14 7.157.15 0.83
0.90 339339

25,415
25,415 15,134
15,134

4,109
4,109

(45.72)
6,393
6,393 (45.72)

(6.61)
125.21 (6.61)
117117 125.21

53,802 (10.54)
48,130 53,802
3.54
48,130
2.92 3.54
(10.54) 2.92

33,842 24,824
33,842
24,824

3,266
3,266

3,470
3,470

(12.49)
171.02(12.49)
150150 171.02

(0.23)
(0.23)

31,426
31,426 43,932
43,932 (28.47)
(28.47)

9,529 32.78
32.78
9,529

494494

13.06
359,396 13.06
406,340
406,340 359,396

3,305
3,305

27 27

2.73
330330 2.73

7.307.30

28,439
28,439

77,489
77,489 15.57
15.57

12,653
12,653

329329

24.77
24.77

(30.39)
39.23(30.39)
39.23

33.02
133.93 33.02
178178 133.93

9.05
475475 9.05

30,969
30,969

28,374
28,374

79,144
79,144 34.68
34.68

1,366
1,366

4,561
4,561

12.71 17.38
7.087.08 6.69
6.6910.60
17.38 4.104.10 518518
10.60 7.987.98 12.71

33,229
33,229

5.03
5.03

5,235 1.341.34
5,235

24,356
24,356

4,610
4,610

(24.47)
850850(24.47)

5,304
5,304

6,347 30.41
30.41
6,347

8,277
8,277

52,606
52,606 42,163
42,163

13.16
342342 13.16

0 0

104.54
17,885
17,885 104.54

8.94 0.62
1.221.22 1.311.31 8.99
8.99 8.94
0.62 0.58
0.58 642642

1.081.08

573,371
573,371 539,453
539,453

2.22
2.22

19.77
155.58 19.77
186186 155.58

3,346
3,346

6,732
6,732

18.04
18.04

6.90
87 87 6.90

26.21
26.21

432,194
432,194 391,230
391,230 10.47
10.47

94.63
94.63

8.84
475475 8.84

44,530 45.82
45.82
44,530

(1.40)
311311 (1.40)

93 93

52,962 26.02
26.02
52,962

306306

31.10 1.271.27 1.261.26


7.367.36 7.887.88 31.12
31.12 31.10

66,744
66,744

5.73
5.73

28,809
28,809

4.93
240.90 4.93
253253 240.90

6.65
376376 6.65

8.24
8.24 184,441
184,441 172,050
172,050

1,162
1,162

56,070
56,070

14.29 4.32
79,891 14.29
91,311 79,891
3.49 5.52
21.12 1.011.01 1.031.03 401401
4.32 3.49
91,311
5.52 4.104.10 24.73
24.73 21.12

287287
,555
,555 21.13
21.13 132,372
132,372 104,886
104,886

16.02
16.02

(9.37)
75.97 (9.37)
75.97

(5.93)
3,361.15 (5.93)
3,162
3,1623,361.15

64,934
64,934

748748

69 69

28.57
28 28 28.57

13.62 1.821.82 2.21


4,253 13.62
2.21 4.33
27.61 1.161.16 1.201.20
4,253
4.33 7.017.01 18.07
18.07 27.61

Construo
Construo

773773

49 49

11.69
252.40 11.69
282282 252.40

253.94
3,967
3,967 253.94

36 36

4,832
4,832

Construo
Construo

4.61
4.61

(97.21)
19,505
19,505 (97.21)

4.21 2.20
1.941.94 1.391.39 7.607.60 4.21
2.20 1.781.78 325325

Duarte
Engenharia
e Construes
Moambique,
LdaLda
37 37 Teixeira
Teixeira
Duarte
Engenharia
e Construes
Moambique,

526526

86 86

19.16 29.44
12.49 14.54
33.04 0.71
1,014
12.32 12.49
7.477.47 12.32
14.5419.16
29.44 33.04
0.71 0.77
0.77 1,014

36 36

- Engenharia
e Construes,
SA SA
35 35 n.an.a CETA
CETA
- Engenharia
e Construes,

69.61
69.61

208,490
226,361 208,490
1.941.94 226,361

21,742
21,742

33 33

11.96 16.48
16.48 24.32
24.32 0.79
7.497.4911.96
0.79 1.071.07

175,238
,343 175,238
77.07 207207
77.07
,343

3.25
3.25

886886

1,370,442 773,953
20.77 1,370,442
2,100,056 20.77
773,953
2,536,157
2,536,157 2,100,056

30.14
130,038 30.14
169,237
169,237 130,038

1,249
1,249

2,854
2,854

2,550 95.32
95.32
2,550

108108

18,140
18,140

17,234
17,234

113113

2,513 277277
2,513
.54.54

3.34
42.84 3.34
42.84

4,982
4,982

4.53
4.53

1,7741,412.83
25.59
1,412.83 25.59
1,774

17,794
17,794

108108

9,488
9,488

0.88
114114 0.88

18.15
4,506 18.15
3.99 9.75
6.58 3.99
47.22115.19
115.19 1.341.34 1.691.69 5,324
5,324 4,506
1.851.85 6.58
9.75 7.087.08 47.22

44 44

100,423 (24.87)
75,448 100,423
(24.87)
75,448

1,199,3391,176,511
2.95 1,199,339
1,209,232 2.95
1,176,511
1,244,870
1,244,8701,209,232

31.65
31.65

5.39
5.39

4.60 96.20
96.20140.45
140.45 1.081.08 1.041.04 1,257
1,257
7.007.00 4.60

50.50
50.50

21.83
21.83

97,009
97,009

419,728
419,728 370,236
370,236 13.37
13.37 150,178
150,178 117,829
117,829

57,620 (100.00)
(100.00)
57,620

(3.50)
(3.50)

263,235
,715
263,235 213,801
213,801 23.12
23.12 127127
,715

52,690
52,690 (0.98)
(0.98)

86.43
86.43

44,629 (21.98)
(21.98)
44,629

8,293 72.61
72.61
8,293

,587
217217
,587

Comrcio
Comrcio

36,552
36,552

64,999
64,999

7,768
7,768

Agricultura
e Pescas
Agricultura
e Pescas

Moambique,
LdaLda
16 16 Petrogal
Petrogal
Moambique,

(12.45)
67.90(12.45)
67.90

68,144
68,144

97,826
97,826

5.81 3.38
0.84 856856
3.38 13.79
13.79 0.55
1.221.22 5.81
0.55 0.84

14,314
14,314

Leaf
Tobacco,
LdaLda
10 10 Mozambique
Mozambique
Leaf
Tobacco,

15 15

59 59

1.961.96

34,821
34,821

7.637.63

44.58
44.58

14 14

271.02
276276 271.02

(1.69)
(1.69)
16.50
16.50

(0.45)
116.71 (0.45)
116116 116.71

122,411
123,079 122,411
123,079

24,356
24,356

133,733
155,793 133,733
6.59 155,793
91.87 6.59
91.87

(16.63)
384.71(16.63)
321321 384.71

(6.04) 2.182.18
271,846 (6.04)
255,426 271,846
255,426

17.61
17.61

199,175 137137
199,175
,760,760

22,905
22,905

87,725
87,725

98 98

0.47
852852 0.47

(0.19)
(0.19)

46.67
137137
,760,760 46.67

6,728 135.64
135.64
6,728

289,453
289,453 239,181
239,181 21.02
21.02

584,918
575,031 584,918
(39.13) 575,031
295.74(39.13)
180180 295.74

22.39
22.39

0.55 41.08
2,298 1.351.35
39.93 3.87
4.47 25.11
0.72 2,329
41.08 39.93
25.11 27.07
27.07 0.67
2,329 2,298
0.55
3.87 4.47
0.67 0.72

176,80
176,80

404,212
475,393 404,212
22.44 475,393
22.44

202,048
202,048

15,854
15,854

21,384 20,944
20,944
21,384

54.96
3,650 54.96
3.88 6.33
3.22 5,656
6.33 5.57
5.57 2.31
5,656 3,650
4.114.11 3.88
2.31 3.22

50.04
50.04

,978 (13.17)
(13.17)
257257
,978

7.297.29

- 5.86
6.03 11.10
5.98
11.10 11.81
11.81 1.681.68 5.98
5.86 6.03

226,404
226,404 146,283
146,283 54.77
54.77 214,973
214,973 143,280
143,280

223,995
223,995

Musica,
LdaLda
32 32 n.an.a Globe
Globe
Musica,

7,632 200.14
200.14
7,632

Construo
Construo

92,432
92,432

(12.87)
4.21 14.47
1,274(12.87)
16.82 15.34
20.85 26.47
0.91 1,110
14.47 16.82
26.47 32.43
32.43 0.67
1,110 1,274
4.21
15.3420.85
0.67 0.91

2,273,6891,857
21.37 2,273,689
1,958,521 21.37
1,857
,021
2,376,969
2,376,9691,958,521
,021

176,462
20.74 176,462
20.74

0.49
3,476 0.49
0.29 (0.37)
(0.37) 0.70
0.70 1.031.03 1.131.13 3,493
3,493 3,476
1.201.20 (0.16)
(0.16) 0.29

2.142.14

- Engil
Eng.
Construo
frica,
SA SA
17 17 Mota
Mota
- Engil
Eng.
Construo
frica,

114,758 (8.50)
(8.50)
114,758

11.10 (0.67)
(0.67)
11.10

6.94
6.94

13 13

7.897.89

34,246
34,246

166,355
177,898 166,355
39.41 177,898
39.41

12,745 126.86
126.86
12,745

4.68
4.68

33.91
33.91

20,829 (23.43)
(23.43)
20,829

41,914
41,914

388,802
46.25 397397
46.25
,110,110 388,802

28,914
28,914

69,111 109.96
109.96
69,111

13.43
13.43

15,948
15,948

1,1151,081.12
1,081.12 3.133.13
1,115

560,842
603,957 560,842
603,957

67,866 46,403
46,403
67,866

13,354 15,550
15,550 (14.12)
(14.12)
13,354

6.87
6.87

490,493
490,493 419,754
419,754 16.85
16.85 102,345
102,345 128,031
128,031 (20.06)
(20.06)

(5.10)
66,851 (5.10)
66,851

((8.78)
940.28 ((8.78)
858858 940.28

15.05
525525 15.05

(6.78)
(6.78)

101,415 72,746
72,746
101,415

,333 16.46
16.46
207207
,333

165,721
177177
,101,101 165,721

7.427.42 256,462
256,462 288,009
288,009 (10.95)
(10.95)

63,442
63,442

(3.67)
(2.24)(10.27)
1,198,583 (2.24)
1,281 (3.67)
1,171,7151,198,583
(0.85) (6.90)
(0.67) (8.58)
(2.83) 1,171,715
(10.27) (0.85)
(8.58) (0.73)
(0.73) 1.101.10 1.721.72 1,234
1,234 1,281
(2.83)
(6.90)(0.67)
(1.50) (0.62)
(2.18) (6.02)
0.75 604604
(0.50) (1.50)
(6.02)(14.36)
(14.36) 0.79
7.697.69 (0.50)
(0.62)(2.18)
0.79 0.75

2013
2013

54,629
54,629

50,927
50,927

49.87
74,437 49.87
74,437

241,459
241,459

Transportes
e Armazenagem
Transportes
e Armazenagem

(0.45)
(0.45)

2012 %13/12
%13/12
2012

%13/12
%13/12 2013
2012%13/12
2012
2012 2013
2012 2013
2012 2013
2013 2012
2013 2012
2012 2013
2013 2012
2012
2013 2012
2013 2012
%13/12

111,555
111,555

,924 204,392
204,392 26.19
26.19 106,375
106,375
257257
,924

Servios
Servios

Comrcio
Comrcio

49,684
49,684 49,910
49,910

2013
2013

2013
2013

5.55
5.55

Indstria
Indstria

Holdings,
SA SA
11 11 Intelec
Intelec
Holdings,

- Linhas
Areas
de de
Moambique,
SA SA
15 15 LAM
LAM
- Linhas
Areas
Moambique,

0.88
0.88

123,968
123,968

Rent
Rent
VNVN
Rent.
Rent.
A. A.
Liq.
Liq. Rent.
Rent.
C. C.
P. P. Liquidez
Liquidez NN
Trabalhadores
Trabalhadores VNVN
por
por
Trabalhador
Trabalhador Novos
Novos
investimentos
investimentos
Profits/
Profits/ Rent.
Rent.
Net
NetS/hs
S/hs
Funds
Funds
Geral
Geral
NN
of of
Employees
Employees Revenue
Revenue
perper
Employee
Employee
realizados
realizados
Revenue
Revenue
Asset
Asset
(%)(%) Current
Current
New
New
Investment
Investment
released
released
3 3
(%)(%)
(%)(%)
Ratio
Ratio
(10(10
USD)
USD)

83,113
83,113

Petroleum
Temane,
LdaLda
13 13 Sasol
Sasol
Petroleum
Temane,

Moambique,
LdaLda
12 12 BPBP
Moambique,

137137
,311,311

4.98
4.98 2,852,362
2,852,362 2,358,819
2,358,819 20.92
20.921,512,718
1,512,7181,333,607
1,333,607

11 11

,340 20.55
20.55
167167
,340

138,520
138,520

,032
67,765 22.45
22.45 1,361,080
1,361,080 1,267
1,267
,032
67,765

12 12

4,396
4,396

310,645
310,645 258,913
258,913 19.98
19.98

Custos
Custos
Operacionais
Operacionais
Operating
Operating
Cost
Cost
3 3
(10(10
USD)
USD)

%13/12
2012%13/12
2012

2012 %13/12
%13/12
2012

1,308,361
1,271,3521,308,361
56.611,271,352
56.61

1,747
1,747

87,924 20.99
20.99
87,924

2013
2013

209,382
327327
,913,913 209,382

3,703(161.57)
(161.57)
3,703

4.67
4.67

%13/12
2012 %13/12
2012

374,242 296,911
296,911
374,242

(2,280)
(2,280)

24,374 (75.49)
(75.49)
24,374

2013
2013

30.31
355,505 30.31
463,273
463,273 355,505

309,017 10.42
10.42
309,017

5,973
5,973

%13/12
2012
2012
%13/12

31.24
253,556 31.24
332,755
332,755 253,556

383,179 285,829
285,829 34.06
34.06 (388,407)
(388,407)(563,353)
(563,353) (31.05)
(31.05)
383,179

110,428 105,505
105,505
1.731.73 110,428

2013
2013

Capitais
Capitais
Prprios
Prprios
Shareholdersfunds
Shareholdersfunds
3 3
(10(10
USD)
USD)

0.00
0.00

341,222
341,222

319,311 (14.22)
(14.22)
319,311

2012
2012 %13/12
%13/12

Passivo
Passivo
Corrente
Corrente
Current
Current
Liabilities
Liabilities
3 3
(10(10
USD)
USD)

31.48
31.48

Servios
Servios

8,113
8,113

2013
2013

Passivo
Passivo
Total
Total
Total
Total
Liabilites
Liabilites
3 3
(10(10
USD)
USD)

3.54
3.54 360,801
360,801 360,789
360,789

Indstria
Indstria

17 17

2012
2012%13/12
%13/12

Activo
Activo
Corrente
Corrente
Current
Current
Assets
Assets
3 3
(10(10
USD)
USD)

514,200
514,200 409,605
409,605 25.54
25.54 293,831
293,831 223,485
223,485

(4,534) (11,419)
(11,419) (60.29)
(60.29)
(4,534)

- Electricidade
de de
Moambique,
E.P.E.P.
7 7 EDM
EDM
- Electricidade
Moambique,

18 18

2013
2013

1,078,602 1,227
1,227
,063 (12.10)
(12.10) (110,732)
(110,732) (10,414)
(10,414) 963.26
963.26 (110,732)
(110,732) (10,414)
(10,414) 963.26
963.26 1,604,140
1,604,140 1,549,249
1,549,249
1,078,602
,063

4 4

10 10

2012%13/12
%13/12
2012

Activo
Activo
Lquido
Lquido
Net
Net
Assets
Assets
3 3
(10(10
USD)
USD)

3 3

72.92
72.92

3.44
3.44

1.521.52

13.72
50.03 13.72
50.03

51,825
51,825

6.53
149.44 6.53
159159 149.44

510510

57 57

(20.04)
64,815
64,815 (20.04)
280280

81.84
81.84

18,528
18,528

4.81
270270 4.81

(19.18)
184.86(19.18)
149149 184.86

21,421
21,421

64 64

14.29
56 56 14.29

(7.40)
729.18 (7.40)
675675 729.18

5,349
5,349

1.191.19

21,625 62.62
35,165 21,625
(11.23) 0.150.15(0.82)
(5.92) 0.64
35,165
0.64 0.740.74 437437
62.62 1.861.86 (11.23)
(0.82) 1.661.66 (5.92)

34.46
325325 34.46

105105

15.72
90.80 15.72
90.80

13,912
13,912

85,541
(33.99)
85,541 (33.99)

(54,921) (0.45)
(54,673) (54,921)
(56.57) (3.52)
(34.48) 0.85
(54,673)
(50.52)(56.57)
(3.52)(4.81)
(28.40)(34.48)
0.85 0.94
(0.45)(50.52)
(4.81)(28.40)
0.94 865865

(1.48)
878878 (1.48)

46 46

(13.14)
52.74 (13.14)
52.74

9,458
9,458

92.31
92.31

(25,030) (19,208)
99.87 (25,030)
99.87
(19,208)

30.31
30.31

2,833
2,833

2,521
2,521

12.36
12.36

(43.81)
2,239
2,239 (43.81)

- 1.131.13 1.891.89 700700

18.87 0.24
1.401.40 6.04
6.04 8.99
21.60 18.87
0.24 0.45
8.99 21.60
0.45

446446

53.33
15 15 53.33

- 720720

4.35
690690 4.35

13.32 1.101.10 1.111.11 112112


1.831.83 2.41
12.57 13.32
2.41 12.57

103103 8.748.74

(10.55)(15.08)
23.41
48 48 828.26
(15.77)(10.55)
(15.08)
(12.00)
27.20 23.41
828.26(15.77)
(12.00) 27.20
0.95
5.55
0.92 0.95
5.55 0.92

23 23

21,879 21.23
26,524 21,879
19.92 33.98
107.28 3.62
26,524
21.16 19.92
33.9837.30
59.88107.28
3.62 2.55
21.23 21.16
37.30 59.88
2.55

34,116
36,010 34,116
36,010

n.dn.d

79 79

(25.69)
2,771.20(25.69)
2,059
2,0592,771.20

650650

(9.50)
59.80 (9.50)
59.80

4,150
4,150

11.48
305.05 11.48
340340 305.05

0 0

54 54

2.16
2.16

495495

1,046
1,046

2,198 (52.42)
(52.42)
2,198

1,805
1,805

3,379 (46.57)
(46.57)
3,379

14,562
14,562

13,989
13,989

4.10
4.10

14,138
14,138 13,734
13,734

2.94
2.94

13,304
13,304

13.02
11,772 13.02
11,772

11,772
13,304
13,304 11,772

13.02
13.02

1,258
1,258

120.04 1.061.06 1.171.17


59.81120.04
7.187.1815.71
15.71 59.81

68 68

63 63 7.947.94

(31.27)
541541 787787
.73.73 (31.27)

0 0

3,151
3,151

3,570 (11.74)
(11.74)
3,570

4,580
4,580

4,976 (7.96)
(7.96)
4,976

64,312
64,312

43,269
43,269 48.63
48.63

63,638
63,638 42,964
42,964

48.12
48.12

51,750
51,750

52.82
33,862 52.82
33,862

12,983
19,646
19,646 12,983

51.32
51.32

12,562
12,562

9,499
9,499

32.25
32.25

13,033 10.21
14,363 13,033
12.48 4.90
45.97 3.24
8.91 12.48
4.90 8.25
28.57 45.97
3.24 3.31
14,363
10.21 8.91
8.25 28.57
3.31

61 61

10.91
55 55 10.91

2.31
595.87 2.31
610610 595.87

98 98

27,427 28.79
28.79
27,427

634634

(4.00)
661661 (4.00)

1,383
1,383

1,065 29.87
29.87
1,065

36,697
36,697

35,627
35,627

3.00
3.00

31,691
31,691 32,249
32,249

(1.73)
(1.73)

34,111
34,111

2.24
33,363 2.24
33,363

29,098
30,686
30,686 29,098

5.46
5.46

2,586
2,586

2,286
2,286

13.12
13.12

24,662 26.27
31,141 24,662
2.41
31,141
26.27 1.801.80 2.41

24,547 43.39
43.39
24,547

286286

136.91
121121 136.91

422422

53.21
275275 53.21

30,977
30,977

25,602
25,602 20.99
20.99

14,764
14,764 11,389
11,389

29.63
29.63

29,848
29,848

18.68
25,151 18.68
25,151

25,151
29,848
29,848 25,151

18.68
18.68

2,931
2,931

543.36
456456 543.36

4,408
4,408

3,908 12.80
4.43
2.95 4.43
3,908
12.80 2.95

503.98
886886 503.98
8,999
8,999
-

623623

54.58
54.58
-

4.34
4.34

(42.56)
7,225
7,225 (42.56)
0 0

0 0

(58.80)
238238 (58.80)

23.33
2,038
14.64
27.62
83.62 14.64
1,597 /2771
330330edition
23.33
83.62
2,038
1,597
.62
The sixteenth
/96A96 dcima
sexta
edio

28.57 1.031.03 1.111.11 407407


26.04 28.57
1.731.73 1.851.85 26.04

24,272 31.78
31,985 24,272
0.49 0.92
29.05 0.49
0.81 0.49
0.92 0.47
16.86 29.05
0.49 0.45
31,985
31.78 0.81
0.47 16.86
0.45 603603

6.54
566566 6.54

60 60

4.02
57.89 4.02
57.89

599599

(95.32)
12,813 (95.32)
12,813

43 43

Servios
Investimentos
e Trading,
LdaLda
40 40 Servitrade
Servitrade
Servios
Investimentos
e Trading,

Construo
Construo

42,613
42,613

40,866
40,866

89,556
89,556

77,489 15.57
15.57
77,489

31,426 43,932
43,932 (28.47)
(28.47)
31,426

59,651
59,651

(3.12)
61,572 (3.12)
61,572

27,815 23,294
27,815
23,294

19.41
19.41

44 44

de de
Carvo
da Matola,
LdaLda
39 39 Terminal
Terminal
Carvo
da Matola,

Transportes
e Armazenagem
Transportes
e Armazenagem

41,311
41,311

43,535 (5.11)
(5.11)
43,535

20,242
20,242

11,184 80.99
80.99
11,184

27,475
27,475

15,693 75.08
75.08
15,693

106,590
106,590

79,144 34.68
34.68
79,144

25,415 15,134
15,134
25,415

67.93
67.93

66,209
66,209

11.72
59,264 11.72
59,264

56,125 46,611
56,125
46,611

20.41
20.41

40,381
40,381

20,074
20,074

101.16
101.16

14.13 66.96
0.32 283283
12,820
18.9914.13
0.45 0.32
12,820 26,791
26,791 (52.15)
(52.15) 49.00
49.00 25.69
25.69 18.99
66.96 65.07
65.07 0.45

45 45

Petroleum,
LdaLda
47 47 African
African
Petroleum,

Comrcio
Comrcio

40,514
40,514

32,448 24.86
24.86
32,448

627627

38.23
453453 38.23

922922

63.69
563563 63.69

10,384
10,384

5,042 105.94
105.94
5,042

968968

41.04
41.04

7,121
7,121

181.88
2,526181.88
2,526

2,161
2,161 160.64
160.64

3,263
3,263

2,540
2,540

28.44
28.44

40,345
40,345 31,222
31,222 29.22
29.22 1.551.55

46 46

Banco,
SA SA
57 57 Moza
Moza
Banco,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

40,032
40,032

21,247 88.41
88.41
21,247

(2,387)(131.17)
(131.17)
744744 (2,387)

1,226
1,226

(2,907)(142.18)
(142.18)
(2,907)

494,827 290,118
290,118 70.56
70.56 262,331
262,331 180,601
180,601
494,827

45.25
45.25

82.84
245,960 82.84
449,707
449,707 245,960

410,683 244,830
410,683
244,830

67.74
67.74

45,120
45,120

44,590
44,590

47 47

Bank
Moambique,
SA SA
50 50 Barclays
Barclays
Bank
Moambique,

Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

39,924
39,924

45,858 (12.94)
(12.94) (20,168)
(20,168) (25,942)
(25,942) (22.26)
(22.26)
45,858

1.891.89

13.67
454,740 13.67
516,906
516,906 454,740

421,964 376,363
421,964
376,363

12.12
12.12

56,464
56,464

Rank
Rank

Empresa
Empresa

48 48

Company
Company
Mozambique,
LdaLda
48 48 Grindrod
Grindrod
Mozambique,

Activity
Activity
Servios
Servios

39,126
39,126

Vol.
VodedNeg.
N g
Revenues
R 22.77
31,869
22.77
31,869
(103 USD)
USD

49 49

da Regio
de de
Maputo,
SA SA
46 46 guas
guas
da Regio
Maputo,

Servios
Servios

38,152
38,152

39,827 (4.20)
(4.20)
39,827

Comrcio
Comrcio

2013
36,557
36,557

%
2012 %13/12
34,623 5.59
5.59
34,623

2013
2013 2012
2012
Moambique,
LdaLda
50 50 44 44 Unicomo
Unicomo
Moambique,

Sector
Sector
dede
Actividade
Actividade

4.28
4.28

1 1
51 51

SARL
1 1 Mozal,
Mozal,
SARL
CGM
Mozambique,
LdaLda
36 36 CMA
CMA
CGM
Mozambique,

Indstria
Transportes
e Armazenagem
Transportes
e Armazenagem

2 2
52 52

- Petrleos
de de
Moambique,
SA SA
2 2 PETROMOC
PETROMOC
- Petrleos
Moambique,
Moambique
Companhia
de de
Seguros
, SARL
49 49 Hollard
Hollard
Moambique
Companhia
Seguros
, SARL

Comrcio
m
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

Moambique,
SA SA
Moambique,
3 3 n.an.a ValeVale
- Sociedade
Tcnica
de de
Obras
e Projectos,
LdaLda
53 53 51 51 Televisa
Televisa
- Sociedade
Tcnica
Obras
e Projectos,

12,653
12,653

(6,016) (4,203)
(4,203) 43.15
43.15
(6,016)
%
2012 %13/12
2.16
329329 2.16

2013
336336

573,371 539,453
539,453
573,371
24,356
24,356

Activo
A
Lquido
o qu do
Net
N Assets
A
17,016
43.14
17,016
43.14
(103 USD)
USD

(4,261)
(4,261)

(5,134) (17.01)
(17.01)
(5,134)

39,901
39,901

35,014 13.96
13.96
35,014

2013
495495

%
2012 %13/12
0.15
494494 0.15

2013
18,421
18,421

2012 %13/12
%
13,660 34.86
34.86
13,660

1,604,140 1,549,249
1,078,602
1,227,063
(12.10)
(110,732)
(10,414)
963.26
(110,732)
(10,414) 963.26
35,461
1,046
2,198
1,805
3,379
14,562
35,461 49,627
49,627 (28.54)
(28.54)
1,046
2,198 (52.42)
(52.42)
1,805
3,379 (46.57)
(46.57)
14,562 13,989
13,989
629,422
595,158
5.76
35,360
35,360 28,602
28,602 23.63
23.63

(3,177)
(8,929)
(64.42)
3,151
3,151 3,570
3,570 (11.74)
(11.74)

%
2012 %13/12
39.64
11,163 39.64
11,163

2013
2012
%13/12
%
15,588 11,163
15,588
11,163 39.64
39.64

64 64

56 56 14.29
14.29

675675 729.18
729.18 (7.40)
(7.40)

5,349
5,349

1.191.19

(0.82) 1.661.66 (5.92)


35,165
0.64 0.740.74 437437
35,165 21,625
21,625 62.62
62.62 1.861.86 (11.23)
(11.23) 0.150.15(0.82)
(5.92) 0.64

325325 34.46
34.46

105105

90.80
90.80 15.72
15.72

85,541
85,541 (33.99)
(33.99)

(4.81)(28.40)
0.94 865865
(54,673)
(3.52)(4.81)
0.85 0.94
(54,673) (54,921)
(54,921) (0.45)
(0.45)(50.52)
(50.52)(56.57)
(56.57) (3.52)
(28.40)(34.48)
(34.48) 0.85

878878 (1.48)
(1.48)

46 46

52.74
52.74 (13.14)
(13.14)

(103 USD)
USD

99.87
99.87 (25,030)
(25,030) (19,208)
(19,208)
2013
2,833
2,833

30.31
30.31

2012
%13/12
%
2,521
2,521 12.36
12.36

8.99 21.60
0.45
1.401.40 6.04
6.04 8.99
0.24 0.45
21.60 18.87
18.87 0.24

Rent
Rent
VNVN
Rent.
R A. A
Liq.

Rent.
Rent.
C. C.
P. P. Liquidez

O 21,879 Cost
C21.23 21.16
Profits/
Profits/
Rent.
R 37
Net
N.30S/hs
S/hs
Funds
Funds
Geral
G2.552.55
37
26,524
21,879
21.23
19.92
33.98
.30
59.88
107
.28
3.62
26,524Operating
21.16
19.92 33.98
59.88
107.28 3.62
(103 USD)
USD

446446

Revenue
Revenue
(%)(%)

Asset
A
(%)%

(%)(%)

(12.00) 27.20
48 48 828.26
(15.08)
(12.00)
828.26(15.77)
(15.77)(10.55)
(10.55)(15.08)
27.20 23.41
23.41

Current
C
Ratio
R
-

- 720720

287,784
326,072
(11.74)
28,537
28,537 26,735
26,735 6.746.74

8 8
58 58

- Portos
e Caminhos
E.P.
9 9 CFM
CFM
- Portos
m de Ferro de Moambique,
M m
- Cimpor
Beto
Moambique,
SA SA
59 59 CIMBETO
CIMBETO
- Cimpor
Beto
Moambique,

Transportes e Armazenagem
m
m
Indstria
Indstria

276,590
235,563
17.42
28,312
19,291
28,312
19,291 46.77
46.77

9 9
59 59

5 5 mCel
m - Moambique
M m Celular, SA
- Moambique
Expresso,
SARL
58 58 MEX
MEX
- Moambique
Expresso,
SARL

Comunicaes
m
Transportes
e Armazenagem
Transportes
e Armazenagem

273,911
27,378
27,378

10 10
60 60

Banco Internacional de Moambique,


SA
8 8 BIM -M
M m
Moambique,
LdaLda
53 53 Ferro
Ferro
Moambique,

Actividades Financeiras e de Seguros


Comrcio
Comrcio

268,791
264,224
26,464
26,464 24,637
24,637

11 11
61 61

13 13 Sasol Petroleum Temane,


m m Lda
- First
National
Bank
Moambique,
SA SA
63 63 FNB
FNB
- First
National
Bank
Moambique,

Indstria
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

12 12
62 62

11 11 Intelec Holdings, SA
de de
Desenvolvimento
do do
Norte
(CDN),
SARL
41 41 Corredor
Corredor
Desenvolvimento
Norte
(CDN),
SARL

Servios
Transportes
e Armazenagem
Transportes
e Armazenagem

207,333
16.46
13,354
15,550
(14.12)
42,035
42,035 (39.99)
(39.99) (14,377)
(14,377) (11,643)
(11,643) 23.48
23.48

13 13
63 63

17 17 Mota
M - Engil Eng. Construo frica, SA
SA SA
78 78 BancABC,
BancABC,

Construo
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

223,995
25,148
25,148

257,978
(13.17)
21,226
21,226 18.48
18.48

15,854
1,076
1,076

6,728
135.64
2,336
2,336 (53.93)
(53.93)

22,905
1,695
1,695

200.14
7,632
3,451
3,451 (50.87)
(50.87)

207,873
4.67
9,119
9,119 149.21
149.21

14,314
8,293
72.61
828828 (1,755)
.16).16)
(1,755) (147
(147

116,602
4,591
4,591

8,273
(1.94)
456456 (2.72)
(2.72)

9,484
491491

55,909
49,161
13.73
1,230
481481 155.77
1,230
155.77

82,980
1,690
1,690
2,779
242242

56,025
-

(1.61)
9,639
524524 (6.27)
(6.27)

1,889,747 1,938,051
14,876
14,876
138,520
22,237
22,237

(2.49)
-

137,311
0.88
15,007
15,007 48.18
48.18

311,954
339,821
13,471
13,471

49,684
49,910
9,693
9,693 6,871
6,871

(8.20)
-

(0.45)
41.06
41.06

22.45
1,361,080
1,267,032
7.42
256,462
288,009
(10.95)
67,765
932932 81.19
16,463
7,057
81.19
16,463 11,356
11,356 44.98
44.98 11,753
11,753
7,057 66.55
66.55
(89.44)
26,332
280280 (13.35)
(13.35)

490,493
419,754
16.85
102,345
128,031
(20.06)
15,748
3,410
3,933
15,748
3,410 361.75
361.75
3,933 3,284
3,284 19.78
19.78

4.98
2,852,362 2,358,819
20.92 1,512,718 1,333,607
130,221
124,042
1,027
1,074
25,389
17,342
1,027
1,074 (4.43)
(4.43)
25,389
17,342 46.40
46.40 19,704
19,704 12,291
12,291

13.43
60.31
60.31

257,924
204,392
26.19
106,375
87,924
20.99
26,455
18,151
3,483
.58).58)
26,455
18,151 45.75
45.75
3,483 (3,238)
(3,238)(207
(207

20.92
156,534
129,449
4,091
4,091 (3,294)
(3,294)(224.18)
(224.18)

815,813
713,328
14.37
236,118
176,320
268,083
268,083 193,895
193,895 38.26
38.26 149,453
149,453 130,839
130,839

33.91
14.23
14.23

241,459
25,225
25,225

126.86
28,914
12,745
(10,275)
(10,275) (11,729)
(11,729) (12.40)
(12.40)

289,453
239,181
21.02
185,812
185,812 39,216
39,216 373.81
373.81

87,725
83,113
5.55
50,993
50,993 15,675
15,675 225.31
225.31

226,404
146,283
54.77
214,973
143,280
310,641
310,641 209,845
209,845 48.03
48.03 294,233
294,233 194,786
194,786

50.04
51.05
51.05

446,021
547,053
11,647
11,647
63,442
15,977
15,977

(18.47)
-

66,851
(5.10)
42.29
11,228 42.29
11,228

349,034
321,958
8.41
47.60
8,151 47.60
12,031
12,031
8,151

110,810
89,406
11,363 7,435
7,435
11,363

314,031
244,672 28.35
1,247
13,141
13,141
975975
1,247
.53.53

184,428
152,753
798798
975975

2,376,969 1,958,521
21.37
2,273,689 1,857,021
15,118
88.54
8,763 88.54
16,523
7,181
16,523
8,763
15,118
7,181

603,957
560,842
7.69
(0.50)
(1.50)
(0.62) (2.18) (6.02) (14.36)
0.79
0.75
604
8.25 28.57
3.31 61 61
4.90 8.25
3.24 3.31
14,363 13,033
13,033 10.21
10.21 8.91
8.91 12.48
12.48 4.90
28.57 45.97
45.97 3.24
14,363

230,085
207,237
25,408
25,408
-

11.03
-

25.36
38.50
- 10.14
10.14
-

4.09
20.48
- 20.48

5.52
64.07
64.07

273,441
300,238
(8.93)
2.82
27,302 25,737
25,737 6.08
6.08 1.561.56
27,302

23.94
901,236
864,034
52.83
4,433
3,236
52.83
4,433
3,236

4.31
36.98
36.98

213,870
196,962
8.58 20.21
20.87
25,770 17,594
17,594 46.47
46.47 4.34
4.34 2.49
2.49
25,770

176,80
2,459
2,459

(0.19)
6.00
6.00

255,426
271,846
(6.04)
2.18
26,670 19,917
19,917 33.91
33.91 0.35
0.35
26,670

22.44
475,393
404,212
110.51
8,866
8,662
110.51
8,866
8,662

17.61
2.36
2.36

123,079
122,411
24,534 23,217
23,217
24,534

376,953
328,291
14.82
37.37
173,590 37.37
238,463 173,590
238,463

67,866
46,403
,002 107,147
107,147
237237
,002

46.25
121.19
121.19

397,110
388,802
29,620 20,503
20,503
29,620

2.14
44.47
44.47

111,555
219,460
219,460

74,437 49.87
275.10
58,506275.10
58,506

101,415
72,746
43,179 28,168
28,168
43,179

39.41
177,898
166,355
53.29 (19,290)
(19,290) (19,479)
(19,479)
53.29

6.94
(0.97)
(0.97)

202,048
137,760 46.67
48.03
209,845 48.03
310,641 209,845
310,641

199,175
137,760
282,415 182,189
182,189
282,415

44.58
55.01
55.01

6.07
-

5.42
-

8.24
-

2.47
- 1.161.16

3.94
-

0
- 220220

5.86 6.03
11.10
11.81
1.68
5.98
7
3.04 8.81
0.83 270270
2.00 3.04
0.84 0.83
8.81 16.38
16.38 0.84
1.711.71 2.00

99.45
-

0
-

57,620
-

(100.00)
-

79,677
(15.71)
3,094 (55.99)
3,094
(55.99)
64,999
-

852
0.47
27.59
116116 27.59

321
384.71 (16.63)
175.73 18.02
18.02
207207 175.73

97,826
-

0.55
41.08
39.93
3.87 4.47 25.11
27.07
0.67
0.72 2,329
2,298
1.35
2.71 5.66
5.67 1.871.87 1.911.91 1.951.95 2.71
5.66 5.46
5.46 1.301.30 1.711.71 30 30
20.00
5.67
25 25 20.00

7.63
1.22 5.81
3.38
13.79
0.55
0.84
856
3.37 148148
0.62 6.016.01 3.84
4.93 3.37
3.84 8.33
8.33 4.93
1.021.02 0.62

116
116.71
(0.45)
1,026.55 (6.26)
(6.26)
9629621,026.55

34,821
0 0

94,628
70,315
34.58
41.24
43.02
13.04 12.33
27.07 23.42
3.48
3.80
193
(1.67) 13.90
0.63 1.221.22 280280
21,877 20,245
20,245 8.06
8.06 13.17
13.17 (17.84)
(17.84) 1.301.30(1.67)
13.90(15.64)
(15.64) 0.63
21,877

50.50
-

44,629
(21.98)
1,500 (100.00)
1,500
(100.00)

182
6.04
8.95
257257 8.95

1,376 1,123.03
22.49
73.04 34.89
34.89
99 99 73.04

210,568
190,502
10.53
5.53
7.50
4.61 6.50
7.76
10.24
0.87
1.14 1,070
1,085
(1.38)
(29.69) 74.17
0.56 516516 518518 (0.39)
(7.74)
35,501 53,764
53,764 (33.97)
(33.97)(57.00)
(57.00) (27.70)
(27.70) (7.74)
74.17 73.61
73.61 1.181.18 0.56
(0.39)
35,501
(29.69)

224
267.01 (16.07)
69.19(29.48)
(29.48)
49 49 69.19

92,229
92,229

6,583 1,301.04
6,583
1,301.04

201
328.84 (38.91)
148.43 (9.16)
(9.16)
135135 148.43

9,488
2,740
2,740

2,513
277.54
6,682 (58.99)
6,682
(58.99)

8,606
183.00
(201,090) (250,347)
(19.68)
7.08
2.61
7.00 4.60 96.20 140.45
1.08
1.04 1,257
0.35 1.111.11 4.44
24,340
(1.08)
17,384 15,351
15,351 13.24
13.24 4.28
4.28 11.00
11.00 0.35
4.44 9.84
9.84 1.041.04 1.071.07 207207
24,340
(1.08)
17,384

14,314
828828

72.61
8,293
(1,755)
.16).16)
(1,755)(147
(147

146,819
28,718
28,718

117,209
25.26
12,045
12,045 138.41
138.41

90,339
75,472
19.70
27,050
27,050 9,923
9,923 172.59
172.59

109,472
27,173
27,173

94,157
16.27
139.89
11,327139.89
11,327

67,232
44,576
50.83
27,173 11,327
11,327 139.89
139.89
27,173

37,347
1,545
1,545

23,277
725725

4,429
272272

4,396
0.76
2,974
2,974 (90.87)
(90.87)

7,768
833833

23.12
6,309
2,344
2,344 (64.48)
(64.48)

87,468
36,003
36,003

61,020
43.34
25,587
25,587 40.71
40.71

70,414
45,041
4,487
4,487 3,946
3,946

56.33
13.72
13.72

59,165
32,480
32,480

37,142 59.30
50.75
21,545 50.75
21,545

59,165
24,638
24,638

37,142
17,084
17,084

59.30
44.21
44.21

28,302
3,523
3,523

24,112
17.38
4,082 (13.69)
(13.69)
4,082

194,928
155,445
25.40
2.18
2.67
5.06
7.20 16.90
17.92
1.19
1.21
115
11.62 7.147.14 71.11
0.23 196196
0.7511.62
22,134 16,405
16,405 34.92
34.92 1.231.23 15.76
15.76 0.75
71.11 0.180.18 0.23
22,134

16 16
66 66

SARL
14 14 Total Moambique,
M m
Lda.
60 60 Agrifocus,
Agrifocus,
Lda.

Comrcio
m
Comrcio
Comrcio

201,727
21,665
21,665

167,340
20.55
19,058
19,058 13.68
13.68

7,585
12,335
(38.51)
2,140
2,140 2,303
2,303 (7.07)
(7.07)

13,553
3,276
3,276

(25.15)
18,107
3,507
3,507 (6.57)
(6.57)

101,328
103,102
(1.72)
19,900
19,900 16,227
16,227 22.63
22.63

45,042
47,729
18,664
18,664 15,071
15,071

(5.63)
23.85
23.85

57,268
7,045
7,045

55,571
3.05
28.66
5,476 28.66
5,476

56,775
44,554
7,045 5,442
5,442
7,045

27.43
29.45
29.45

44,060
12,855
12,855

47,996
10,823
10,823

(8.20)
18.78
18.78

184,258
147,429
24.98
3.76
7.37
7.49 11.96 16.48 24.32
0.79
1.07
14.19 18.07
2.77
10.7514.19
2.65 2.77
18,589 15,976
15,976 16.36
16.36 9.88
9.88 12.08
12.08 10.75
18.07 22.52
22.52 2.65
18,589

Comrcio
m
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

200,149
206,332
(3.00)
20,511
8,549
20,511
8,549 139.93
139.93

(3,773)
4,268 (188.40)
(3,370)
(3,370) (9,941)
(9,941) (66.10)
(66.10)

(4,128)
6,589 (162.66)
(4,748)
(4,748) (14,691)
(14,691) (67.68)
(67.68)

137,893
131,513
4.85
299,095
299,095 229,688
229,688 30.22
30.22

77,566
-

(3.58)
-

57,222
47,680
20.01
37.24
195,166 37.24
,848 195,166
267267
,848

57,222
-

20.01
-

76,575
31,247
31,247

81,128
34,860
34,860

(5.61)
(10.37)
(10.37)

Transportes e Armazenagem
m
m
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

177,101
165,721
6.87
18,380
8,741
18,380
8,741 110.28
110.28

(91.14)
3,526
2,344
2,344 284.10
284.10

145,611
142,675
2.06
93,092
93,092 52,450
52,450 77.49
77.49

41,725
40,198
18,090
18,090 11,368
11,368

3.80
59.13
59.13

115,373
113,463
1.68
64.83
47,079 64.83
77,598 47,079
77,598

48,349
45,657
5.90
3,309 1,257
1,257 163.31
163.31
3,309

30,238
15,495
15,495

29,497
2.51
5,424 185.69
185.69
5,424

463.50
-

36,552
86.43
160160 (23.30)
(23.30)

67,160
1,362
1,362

217,587
22,724
22,724

68,144
123123

59
67.90 (12.45)
25.80
449449 357357
.23.23 25.80

203,161
164,595
23.43
22,164
22,164 18,863
18,863 17.50
17.50

312
9,004
9,004

276
271.02
1.96
130.05 53.65
53.65
200200 130.05
924
-

(1.69)
27.62
27.62

91.87
6.59
155,793
133,733
16.50
57.89 4.02
4.02
12,813 (95.32)
57.89
599599 12,813
(95.32)

4.11 3.88
6.33
5.57
2.31
3.22 5,656
3,650 54.96
4.23 32.07
0.95 67 67
32.07 13.69
13.69 1.031.03 0.95
13.56
7.477.47 4.23
59 59 13.56

Comrcio
m
Comunicaes
Comunicaes

4,622
(77.77)
2,075
2,075 193.05
193.05

98
60 60

1,799
156.93
2,099 (12.51)
2,099
(12.51)

Agricultura e Pescas
Construo
Construo

1,027
6,079
6,079

180
295.74 (39.13)
575,031
584,918
83.62 14.64
14.64
2,038
1,597
96 96 83.62
2,038
1,597

4,623
1,836
1,836

Lda
16 16 Petrogal Moambique,
M m
Cabo
- Comunicao
Multimdia,
LdaLda
61 61 TV TV
Cabo
- Comunicao
Multimdia,

47,680
-

7,225
7,225 (42.56)
(42.56)

41,112 46,581.77
(11.74)
138.16 (12.11)
(12.11)
121121 138.16

15 15
65 65

80,450
-

659 (100.00)
- -

54 54

7
0.00
35.00
200200 35.00

24,356
24,078
24,078

60.44
113.01
113.01

525
15.05
10.91
55 55 10.91

65,412
62,772
4.21
14.47
16.82
15.34 20.85 26.47 32.43
0.67
0.91
1,110
1,274 (12.87)
3.28 8.148.14 14.59
0.66 1.671.67 177177 173173 2.31
34,233 22,715
22,715 50.71
50.71 1.331.33 2.54
2.54 3.28
14.59 20.20
20.20 0.66
2.31
34,233

71,149
3,816
3,816

20.74
176,462
(18.18)
2,607
(18.18)
2,607

34,246
22.39
238238 (58.80)
(58.80)

667,573
512,620
30.23 (101.36) (197.09) (11.07) (20.80) 49.90 191.83
3.62
1.93 2,324
1,933 20.23
31,141 24,662
24,662 26.27
26.27 1.801.80 2.41
2.41 1.731.73 1.851.85 26.04
26.04 28.57
28.57 1.031.03 1.111.11 407407 330330 23.33
23.33
31,141

41,914
98 98

328,876
296,019
11.10
(0.67)
1.20
(0.16) 0.29 (0.37)
0.70
1.03
1.13 3,493
3,476
0.49
0.47 16.86
0.45 603603 566566 6.54
0.92 0.47
0.49 0.45
31,985 24,272
24,272 31.78
31.78 0.81
0.81 0.49
0.49 0.92
16.86 29.05
29.05 0.49
6.54
31,985

75,078
6,260
6,260

54.58
54.58

1,115 1,081.12
3.13
595.87 2.31
2.31
610610 595.87

65.07
13.12
13.12

1,443,726 1,404,599
3,229
3,229
-

25.47
618,770
620,180
(0.23)
18.68
2,931
543.36
18.68
2,931
456456 543.36

46.53
-

20,829
(23.43)
0 0
-

217,487
288,279
(24.56) (969,548)
(587,347)
30,686 29,098
29,098
5.46
2,586
2,286
30,686
5.46
2,586
2,286

8,999
8,999

15,948
0 0

(6.78)
32.25
32.25

8,351
253.98
8,312 38.20
38.20
8,312

858
940.28 ((8.78)
(31.27)
541541 787787
.73.73 (31.27)

54,629
9,499
9,499

29,561
11,487
11,487

2012
%13/12
%
0 0
-

2.79
-

304,606
305,675
30,054
30,054

Servios
Comrcio
Comrcio

87,293
42.01
170.03
4,008170.03
4,008

13,912
13,912

886886 503.98
503.98

2013
0 0

126,341
86,219
11,647
11,647
-

108.13
-

Indstria
Servios
Servios

SARL
3 3 MOTRACO,
MOTRACO,
SARL
Group,
LdaLda
52 52 Hariche
Hariche
Group,

4.08
7.167.16

4,150
4,150

7.72
11.94
11.94

82,986
79,735
7,171
7,171 6,692
6,692

59.80
59.80 (9.50)
(9.50)

123,968
87,293
42.01
186,677
173,299
10,823 4,008
4,008 170.03
170.03
3,369
3,009
10,823
3,369
3,009

310,645
258,913
19.98
14,192
6,988
14,192
6,988 103.08
103.08

2013
2012 %13/12
%
340340 305.05
305.05 11.48
11.48

123,968
10,823
10,823

(8.08)
76,148
650650 37.61
37.61

7 7
57 57

Linhas Areas de Moambique,


SA
15 15 LAM -M
M m
- Financial
Services
Mozambique,
SA SA
93 93 LETSHEGO
LETSHEGO
- Financial
Services
Mozambique,

690690 4.35
4.35

181,848
144,938
29,848 25,151
25,151
29,848

69,995
894894

2013
2012 %13/12
%
2013
2012
2013 2012
2013
2012
2013
2012
2013
2012 %13/12
%
2.41 12.57
36,010
36,010 34,116
34,116 5.55
5.55 0.92
0.92 0.95
0.95 1.831.83 2.41
12.57 13.32
13.32 1.101.10 1.111.11 112112 103103 8.748.74

836,261
671,862 24.47
18.68
25,151 18.68
29,848 25,151
29,848

50,927
12,562
12,562

NN
Trabalhadores
Trabalhadores VNVN
por
por
Trabalhador
Trabalhador Novos
N investimentos
m
N23
N
of of
Employees
Employees
Revenue
per2,771.20
per
Employee
Employee
realizados
23
15
2,059
(25.69)
650650
623
4.34
15 53.33
53.33 Revenue
2,0592,771.20
(25.69)
623
4.34
New
N w
Investment
m released
(103 USD)
U D

4,478,951 3,289,573
36.16
2.24
33,363 2.24
34,111 33,363
34,111

47,646
53,980
(11.73)
465465
569569 (18.22)
(18.22)

18 18
68 68

41.74
(1.73)
(1.73)

321,017
2.61
22,368
22,368 56.33
56.33

Lda
M m
17 17 12 12 BP Moambique,
nico,
SA SA
67 67 n.an.a Banco
Banco
nico,

13.70
29.63
29.63

329,388
34,969
34,969

M m Leaf Tobacco, Lda


14 14 10 10 Mozambique
, Lda
64 64 n.an.a EMOCIL
EMOCIL
, Lda

n.dn.d

(83.52)
1,455,030 1,286,037
13.14
186,476
164,014
10,602
275275 53.21
30,977
53.21
30,977 25,602
25,602 20.99
20.99 14,764
14,764 11,389
11,389

Indstria
Comrcio
Comrcio

4.67
5.43
5.43

Custos
C
Operacionais
O

(21.04)
3,509,403
2,707,913
29.60
787,401
555,505
(477,213) (604,362)
1,383
1,065
36,697
1,383
1,065 29.87
29.87
36,697 35,627
35,627 3.00
3.00 31,691
31,691 32,249
32,249

de de
Moambique,
SARL
4 4 Cervejas
Cervejas
Moambique,
SARL
Industrial,
SA SA
56 56 TCNICA
TCNICA
Industrial,

1.73
110,428
105,505
7.417.41
496496
471471

26.05
51.32
51.32

5 5
55 55

24,374
(75.49)
205205 (52.56)
(52.56)

2013
15,588
15,588

(103 USD)
USD

17,105
17,105

374,242
296,911
19,646 12,983
12,983
19,646

1,747
422422

5,973
97 97

2013
2012
%13/12
%
17,089 12,430
12,430 37.48
37.48
17,089

463,273
355,505 30.31
52.82
33,862 52.82
51,750 33,862
51,750

3,703 (161.57)
121121 136.91
136.91

319,311 (14.22)
20,034
20,034 36.66
36.66

34,188
34,188

Capitais
C
Prprios

31.48
48.12
48.12

(2,280)
286286

(34.37)
-

20.16
54,036 20.16
54,036

18,528
18,528
21,421
21,421

514,200
409,605
25.54
293,831
223,485
64,312
64,312 43,269
43,269 48.63
48.63 63,638
63,638 42,964
42,964

(60.29)
(4,534)
(11,419)
4,580
4,976
4,580
4,976 (7.96)
(7.96)

309,017
10.42
24,547
24,547 43.39
43.39

64,931
64,931

Shareholdersfunds
18,189
9,458
18,189
9,458 92.31
92.31

- 1.131.13 1.891.89 700700

149149 184.86
184.86(19.18)
(19.18)

56.61 1,271,352 1,308,361


(2.83)
1,171,715 1,198,583
(2.24) (10.27)
(0.85)
(6.90) (0.67) (8.58)
(0.73)
1.10
1.72 1,234
1,281 (3.67)
15.71 59.81
13.02
1,258
2,239 (43.81)
(43.81)
4,408 3,908
3,908 12.80
12.80 2.95
2.95 4.43
4.43 7.187.1815.71
59.81120.04
120.04 1.061.06 1.171.17 68 68
13.02
1,258
2,239
4,408
63 63 7.947.94

383,179
285,829
34.06
(388,407) (563,353)
(31.05)
35,325
27,427
634634
661661 (4.00)
35,325
27,427 28.79
28.79
(4.00)

8,113
444444

(103 USD)
USD

Passivo Corrente
C

Current
C 6,116
Liabilities
6,167
6,167
0.83
6,116
0.83

270270 4.81
4.81

327,913
209,382
13,304 11,772
11,772
13,304

341,222
35,199
35,199

77,234
117,679
3,047
3,047

Passivo Total
Total
Liabilites
(19.38)
7,650(19.38)
7,650
(103 USD)
USD

332,755
253,556
31.24
13.02
11,772 13.02
13,304 11,772
13,304

Servios
Comrcio
Comrcio

6,167
6,167

C15,577Assets
A
22,331 Current
43.36
22,331
15,577
43.36

0.00
2.94
2.94

Indstria
Servios
Servios

(0.35)
-

Activo
A
Corrente
o Co n

5,631
5,631

3.54
360,801
360,789
4.10
4.10 14,138
14,138 13,734
13,734

- Electricidade
de de
Moambique,
E.P.E.P.
7 7 EDM
EDM
- Electricidade
Moambique,
Group,
LdaLda
54 54 Premier
Premier
Group,

1,366
1,366

6.29 360,767
360,767 354,078
354,078
6.29

Resultados
R u doAntes
An
dos
do9,529
Impostos
mpo
o
32.78
9,529
32.78
IncomemBefore
B Taxes
(103 USD)
USD

4 4
54 54

de de
Cahora
Bassa,
SARL
6 6 Hidroelctrica
Hidroelctrica
Cahora
Bassa,
SARL
6 6
do do
Norte,
SA SA
56 56 n.an.a Portos
Portos
Norte,

(20,168) (25,942)
(25,942) (22.26)
(22.26)
(20,168)

Resultados
R u doLquidos
qu do
Net
N Profits
P 30.41
6,347
6,347
30.41
(103 USD)
USD

8,277
8,277

973
29.19
24.70
166166 24.70

203,273
199,580
1.85
6.58
3.99
9.75
7.08
47.22 115.19
1.34
1.69 5,324
4,506
18.15
(14.57) 72.93
0.88 466466 413413 12.83
2.88
(21,896) (10,874)
(10,874) 101.36
101.36 3.64
3.64(19.25)
(19.25) 2.88
72.93
(483.99) 1.001.00 0.88
12.83
(21,896)
(14.57)
(483.99)

42.84
3.34
44.16 17.09
17.09
44.16

18,140
769769

3,760
382.43
665665 15.65
15.65

114
0.88
44.12
136136 44.12

1,774 1,412.83
25.59
153.36(12.94)
(12.94)
134134 153.36

2,854
12,332
12,332

6,545
(56.39)
2132135,694.37
5,694.37

86
65 65

82
4.88
(13.33)
75 75(13.33)

2,402 2,091.74
14.81
254.10 21.80
21.80
309309 254.10

17,797
-

150
- 334334

150
0.00
34.68
248248 34.68

1,334 1,427.91
(6.55)
68.94 2.24
2.24
70 70 68.94

17,021
2,470
2,470

22,330
(23.78)
6,284
6,284 (60.70)
(60.70)

167,855
150,184
11.77
0.58
2.79
0.71 3.24
3.44
16.20
0.86
0.88
735
3.96 58.12
9.05 85 85
6.53 3.96
5.47 9.05
3,418 2,726
2,726 25.41
25.41 33.08
33.08 23.73
23.73 6.53
58.12 48.99
48.99 5.47
3,418

711
3.38
37.10
62 62 37.10

245
235.23
4.13
58.78
250250 157157
.49.49 58.78

7,007
0 0

7,994
(12.35)
0 0 #DIV/0!
#DIV/0!

116,451
101,752
14.45
27.36
29.59
1.73
2.01 24.83 28.27
0.84
1.22 2,121
1,906
11.28
(6.64)(29.41)
0.93 102102 129129(20.93)
(1.35)(6.64)
0.83 0.93
17,147 13,414
13,414 27.83
27.83 (1.67)
(1.67)(10.12)
(10.12) (1.35)
(29.41)(62.13)
(62.13) 0.83
(20.93)
17,147

198,752
192,317
3.35
(1.89)
2.07
(2.74) 3.25 (4.78)
5.15
1.36
(4.33)(10.20)
(1.13)(4.33)
22,917 20,447
20,447 12.08
12.08(16.43)
(16.43)(116.29)
(116.29) (1.13)
(10.20)(57.04)
(57.04)
22,917
-

1.69
-

44
52 52

75,448
100,423
(24.87)
2,156
1,208 78.51
2,156
1,208
78.51

10,493
-

69.61
-

Actividades Financeiras e de Seguros


Indstria
Indstria

173,564
154,836
12.09
17,876
15,499
17,876
15,499 15.33
15.33

47,494
45,812
3.67
(298)
(298) (1,568)
(1,568) (80.98)
(80.98)

56,166
(1,518)
(1,518)

4.26
2,743,500 2,273,597
20.67 1,154,322
947,449
53,869
194194(882.47)
22,072
(882.47)
22,072 23,598
23,598 (6.47)
(6.47) 17,007
17,007 18,774
18,774

21.83
(9.41)
(9.41)

2,536,157 2,100,056 20.77


1,370,442
773,953
20,476 20,082
2.22
21,740 2.22
22,223 21,740
20,082
22,223
20,476

77.07
207,343
175,238
1,876
1.961.96
152152
1,876

18.32
(91.92)
(91.92)

86
85.81
0.46
132.47 16.83
16.83
155155 132.47

23,347
538538

20,939
11.50
1,414
1,414 (61.95)
(61.95)

20 20
70 70

19 19 Standard Bank, SARL


Service,
LdaLda
73 73 Tecnel
Tecnel
Service,

Actividades Financeiras e de Seguros


Servios
Servios

153,301
153,240
0.04
17,500
17,500
13,659
13,659 28.12
28.12

41,673
44,050
(5.40)
209209
431431 (51.39)
(51.39)

59,007
406406

(5.25)
1,471,231 1,415,703
3.92 1,012,871 1,049,652
62,280
1,020
1,020 (60.24)
(60.24)
10,174
10,174
5,363
5,363 89.72
89.72
9,424
9,424 4,947
4,947

(3.50)
90.50
90.50

1,244,870 1,209,232
2.95
1,199,339 1,176,511
1.94
226,361
208,490
6,327 1,365
363.60
1,365363.60
6,327
6,327
1,365
6,327
1,365 363.60
363.60
3,847
3,847
4,037
4,037

8.57
(4.70)
(4.70)

83,354
79,453
4.91
27.18
28.75
2.83
3.11 19.17
21.96
0.84
0.89 1,041
8.03 5.31
3.63 59 59
2.06 8.03
16,845
16,845 12,510
12,510 34.65
34.65 1.201.20 3.153.15 2.06
5.31 11.56
11.56 1.491.49 3.63

969
7.43
59 59 0.00
0.00

153
158.31
(3.64)
297297 231.50
231.50 28.12
28.12

23,757
695695

16,952
40.14
845845 (17.78)
(17.78)

21 21
71 71

SA
20 20 Cimentos
m de Moambique,
M m
CarCar
Rental,
LdaLda
66 66 Moambique
Moambique
Rental,

Indstria
Servios
Servios

150,663
143,480
17,056
17,056
16,488
16,488

13,528
12,538
7.89
3,152
3,152
1,912
1,912 64.79
64.79

22,772
4,916
4,916

30.47
17,454
2,863
2,863 71.69
71.69

84,582
10,483
10,483

11.13
0.65
0.65

117,228
110,762
5.84
8.98
8.74
5.14 5.86 15.15
15.21
0.86
0.89
438
0.60 43 43
14.13 8.118.11 29.97
0.87 0.60
12,568
12,568 13,085
13,085 (3.95)
(3.95) 18.48
18.48 11.60
11.60 14.13
29.97 19.13
19.13 0.87

405
8.15
42 42 2.38
2.38

357
351.24
1.77
401401 392.58
392.58 2.23
2.23

545
0 0

19,505
(97.21)
2,293
2,293 (100.00)
(100.00)

22 22
72 72

de Seguros, SA
31 31 Emose
m - Empresa
m Moambicana
M m
Auditores
e Consultores,
SA SA
67 67 KPMG
KPMG
Auditores
e Consultores,

Actividades Financeiras e de Seguros


Servios
Servios

145,102
16,830
16,830

69,111 109.96
15,573
15,573 8.07
8.07

4,982
(76)(76)

2,550
95.32
366366(120.69)
(120.69)

6,486
184184

(21.41)
8,254
590590 (68.80)
(68.80)

23 23
73 73

SA
21 21 Coca-Cola Sabco (Moambique),
M m
LdaLda
71 71 Tropigalia,
Tropigalia,

Indstria
Comrcio
Comrcio

144,453
16,735
16,735

137,991
4.68
14,042
14,042 19.18
19.18

17,794
247247

17,234
3.25
111111 122.21
122.21

21,742
464464

(1.06)
21,974
349349 33.16
33.16

24 24
74 74

SA
23 23 Cornelder de Moambique,
M m
Moambique,
LdaLda
76 76 DHL
DHL
Moambique,

m
m
Transportes e Armazenagem
Transportes
e Armazenagem
Transportes
e Armazenagem

139,485
16,719
16,719

115,726
20.53
12,820
12,820 30.42
30.42

44,045
29,880
47.40
934934
(382)
(382)(344.43)
(344.43)

47,776
934934

11.93
42,682
(382)
(382)(344.43)
(344.43)

110,006
10,771
10,771

25 25
75 75

22 22 C.M.C.
M Africa Austral, Lda
- Empreendimentos
Tursticos,
LdaLda
65 65 Turvisa
Turvisa
- Empreendimentos
Tursticos,

Construo
Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

121,479
129,584
(6.25)
16,651
16,651
16,968
16,968 (1.86)
(1.86)

(1,939)
551551

940 (306.20)
946946 (41.77)
(41.77)

(543)
962962

68.17
(323)
931931 3.31
3.31

722,418
43,472
43,472

26 26
76 76

25 25 Manica
M Freight Services (Mo),
M SA
45 45 Empresa
Municipal
de Transportes
Pblicos
de de
Maputo,
E.P.E.P.
Empresa
Municipal
de Transportes
Pblicos
Maputo,

m
m
Transportes e Armazenagem
Transportes
e Armazenagem
Transportes
e Armazenagem

113,467
100,454
12.95
16,407
16,407
33,712
33,712 (51.33)
(51.33)

341
(5,823)
(5,823)

(274) (224.38)
3,474
3,474(267
(267
.62).62)

1,097
(5,888)
(5,888)

867.12
113
6,832
6,832(186.18)
(186.18)

52,176
25,044
25,044

27 27
77 77

de Moambique,
SA
24 24 Telecomunicaes
m
M m
69 69 Mozre
- Moambique
Resseguros,
SA SA
Mozre
- Moambique
Resseguros,

m
Comunicaes
Actividades
Financeiras
e de
Seguros
Actividades
Financeiras
e de
Seguros

105,007
16,069
16,069

1,739
848848

2,698
(35.57)
210210 303.81
303.81

3,915
1,162
1,162

59.88
2,449
352352 229.86
229.86

28 28
78 78

26 26 Petromoc
me Sasol, SA
68 68 Hoteis
Polana,
SA SA
Hoteis
Polana,

m
Comrcio
Alojamento,
Restaurao
e Similares
Alojamento,
Restaurao
e Similares

101,183
15,134
15,134

9.47
2.51
2.51

1,844
974974

2,044
(9.78)
(2,610)
(2,610)(137
(137
.30).30)

2,819
251251

11.83
2,521
(2,681)
(2,681)(109.37)
(109.37)

42,589
38,741
38,741

29,181
45.95
39,560
39,560 (2.07)
(2.07)

35,932
22,789
5,561
5,561 5,500
5,500

29 29
79 79

SA
27 27 Toyota de Moambique,
M m
70 70 SAN
- Sociedade
Algodoeira
do do
Niassa
- JFS,
SARL
SAN
- Sociedade
Algodoeira
Niassa
- JFS,
SARL

m
Comrcio
Agricultura
e Pescas
Agricultura
e Pescas

98,207
14,467
14,467

85,641
14.67
14,274
14,274 1.351.35

4,246
2,611
2,611

2,992
41.90
663663 293.54
293.54

6,582
2,621
2,621

37.95
4,771
663663 294.99
294.99

76,915
9,774
9,774

72,979
9,577
9,577

30 30
80 80

SA
28 28 MPDC
M - Sociedade de Desenvolvimento
m do Porto de Maputo,
M
62 62 Mega
- Distribuio
de de
Moambique,
SA SA
Mega
- Distribuio
Moambique,

m
m
Transportes e Armazenagem
Comrcio
Comrcio

92,429
14,275
14,275

81,759
13.05
22,393
22,393 (36.25)
(36.25)

21,384
20,944
2.10
(249
(249 3,561
3,561(107
(107
.00).00)

30,826
(249)
(249)

22.81
25,100
3,561
3,561(107
(107
.00).00)

87,604
15,435
15,435

71,615
22.33
14,991
14,991 2.96
2.96

47,743
42,864
12,280
12,280 13,280
13,280

31 31
81 81

32 32 Global Alliance Seguros, SA


81 81 Banco
Procredit,
SA SA
Banco
Procredit,

Actividades Financeiras e de Seguros


Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros

82,588
14,038
14,038

63,778
29.49
15,430
15,430 (9.02)
(9.02)

4,102
2,808
46.09
(514
(514 (2,932)
(2,932) (82.48)
(82.48)

6,066
(616)
(616)

45.71
4,163
(4,271)
(4,271) (85.57)
(85.57)

55,758
49,223
49,223

35,612
56.57
49,808
49,808 (1.17)
(1.17)

48,168
28,666
34,924
34,924 36,660
36,660

Comrcio
m
Transportes
Transportes
e Armazenagem
e Armazenagem

81,102
13,231
13,231

101,508 (20.10)
7,861
7,861 68.32
68.32

113
5,544
5,544

113
7,753
7,753

4.53
108
3,953
3,953 96.15
96.15

1,310
17,691
17,691

947
38.39
10,295
10,295 71.85
71.85

40.94
24.99
24.99

m e de Investimentos
m (BCI), SA
19 19 18 18 Banco Comercial
Moambique,
SA SA
69 69 n.an.a Ferpinta
Ferpinta
Moambique,

M Lda
32 32 n.an.a Globe Musica,
CarCar
Terminal,
LdaLda
82 82 98 98 Maputo
Maputo
Terminal,

5.01
3.44
3.44

114,758
(8.50)
14,598
14,598 10.08
10.08
92,432
14,764
14,764

108
4.53
2,777
2,777 99.62
99.62

33 33
83 83

SA
29 29 Seguradora Internacional de Moambique
M m (SIM),M
72 72 Transportes
Carlos
Mesquita,
LdaLda
Transportes
Carlos
Mesquita,

Actividades Financeiras e de Seguros


Transportes
Transportes
e Armazenagem
e Armazenagem

79,171
12,890
12,890

70,351
12.54
13,701
13,701 (5.93)
(5.93)

13,340
13,886
(3.93)
167167
131131 27.56
27.56

17,987
142142

(4.91)
18,916
281281 (49.52)
(49.52)

34 34
84 84

Moambicana
de Hidrocarbonetos, SA
30 30 Companhia
m
M m
77 77 Somotor,
SARL
Somotor,
SARL

Indstria
Comrcio
Comrcio

74,807
12,846
12,846

69,726
12,681
12,681

29,403
28,681
921921
895895

2.52
2.90
2.90

43,671
1,341
1,341

41,890
1,260
1,260

7.29
1.301.30

263,235
213,801
23.12
127,715
22,305
22,305 23,568
23,568 (5.36)
(5.36)
5,502
5,502

97,009
3,182
3,182

31.65
72.91
72.91

169,237
130,038
30.14
(29.48)
13,187(29.48)
9,299 13,187
9,299

257,095
183,105
40.41
7,318
7,318
6,570
6,570 11.39
11.39

60,902
6,764
6,764

37,458
6,126
6,126

62.59
10.41
10.41

187,045
122,571 52.60
16.02
5,144 16.02
5,968
5,968
5,144

122,397
-

34,682
25,992
9,292
9,292 6,004
6,004

33.43
54.77
54.77

51,906
7,093
7,093

36,786
41.10
77.64
3,993 77.64
3,993

85,520
28.63
6,302
6,302 70.93
70.93

67,678
53,933
9,608
9,608
5,746
5,746

25.48
67.22
67.22

34,216
8,167
8,167

34,000
0.64
76.40
4,630 76.40
4,630

89,969
36.04
5,946
5,946
-

763,745
(5.41)
178,969
299,747
(40.29)
39,043
39,043 11.34
11.34 11,689
11,689 8,400
8,400 39.16
39.16
52,690
(0.98)
30,993
30,993 (19.19)
(19.19)

29,674
41,532
(28.55)
3,390
3,390 3,325
3,325
1.961.96

36.38
18.80
18.80

93,998
10,551
10,551

27,679
21,035
5,800 4,846
5,800
4,846

31.59
19.68
19.68

70,050
1,350
1,350

61,126
1,440
1,440

14.60
(6.22)
(6.22)

105,851
51,895
103.97
3.43
3.69
1.94
1.39
7.60
4.21
2.20
1.78
325
5.56 (5.42)
(1.03) 5.56
16,646
16,646 14,983
14,983 11.10
11.10 (0.45)
(0.45) 2.35
2.35 (1.03)
(5.42) 27.72
27.72 1.171.17 1.261.26 328328

330
(1.52)
331331 (0.91)
(0.91)

443
206.30 114.76
51 51 47.77
47.77 6.92
6.92

14,042
209209

48,728
33,864
6,661 3,542
6,661
3,542

43.89
88.07
88.07

67,185
2,200
2,200

53,703
1,972
1,972

25.10
11.53
11.53

122,742
114,206
7.47
12.32
12.49
14.54
15,435
15,435 12,972
12,972 18.98
18.98 1.471.47 0.79
0.79
-

19.16 29.44 33.04


0.71
0.77 1,014
- 1.871.87 11.83
11.83 5.57
5.57 1.401.40 1.701.70 192192

914
10.94
153153 25.49
25.49

150
157.34
(4.76)
97 97 97.18
97.18 (0.17)
(0.17)

33,443
557557

18,812
551551

23,024
23,751
(3.06)
6,889 3,438
6,889
3,438 100.40
100.40

75,790
2,605
2,605

52,024
1,688
1,688

45.68
54.28
54.28

91,936
73,815
24.55
31.58
25.82
40.04 34.94 68.92
61.32
2.94
2.27
611
(6.07) 43.53
8.67(6.07)
15,785
15,785 13,202
13,202 19.57
19.57 5.59
5.59 (2.98)
(2.98) 8.67
43.53(18.38)
(18.38) 1.391.39 1.671.67 120120

577
5.89
100100 20.00
20.00

235
214.51
9.47
152152 154.46
154.46 (1.59)
(1.59)

16,409
571571

10,163
61.47
147147 288.35
288.35

(27.60)
34.57
34.57

33,283
11,443
11,443

35,564
11,000
11,000

(6.41)
4.03
4.03

6,975
9.10
7,506
7,506 (74.20)
(74.20)

27,416
41,832
(34.46)
5,569 16,295
5,569
16,295 (65.82)
(65.82)

6,160
15,316
15,316

156,909
216,736
26,162 19,441
26,162
19,441

3.18
(1.60)
0.73
(0.27)
0.12 (5.63)
2.55
1.14
1.38 2,400
2,530
(5.14)
2.42 4.91
0.45 0.43
2.61
2.61 3.31
3.31 5.57
5.57 1.271.27 2.42
4.91 8.56
8.56 0.45
0.43 529529 458458 15.50
15.50

7,610
1,937
1,937
19,878
19,878

69
75.97
(9.37)
846846 768.32
768.32 10.08
10.08

56,070
-

28 28.57
369369 4.07
4.07

3,162 3,361.15
(5.93)
40 40 39.69
39.69 1.281.28

91,311
79,891
14.29
4.32
3.49
5.52
4.10 24.73
21.12
1.01
1.03
401
6.93 55.20
26.71 6.93
2.89 1.281.28 357357
11,847
11,847 13,610
13,610 (12.96)
(12.96) 18.05
18.05 4.65
4.65 26.71
55.20 21.60
21.60 2.89

376
6.65
310310 15.16
15.16

253
240.90
4.93
58.38(25.69)
(25.69)
43 43 58.38

1,315
345345

1,114
18.04
1,620
1,620 (78.71)
(78.71)

83.26
(3.11)
(3.11)

64,747
55,457
16.75
23.14
25.62
24.41 29.25 59.55 136.80
1.23
0.97
517
23.76 (2.18)
(1.62)23.76
2.93 3.81
14,358
14,358 18,437
18,437 (22.12)
(22.12) (1.75)
(1.75) 15.90
15.90 (1.62)
(2.18) 34.43
34.43 2.93
3.81 137137

475
8.84
145145 (5.52)
(5.52)

186
155.58
19.77
155.50(34.89)
(34.89)
101101 155.50

17,343
438438

5,112
239.26
449449 (2.34)
(2.34)

36.88
(7.39)
(7.39)

76,518
59,615
28.35
4.97
4.40
7.36
7.88
31.12
31.10
1.27
1.26
93
(1.04)(5.89)
0.91 0.90
10,932
10,932 13,495
13,495 (18.99)
(18.99) (3.66)
(3.66)(19.00)
(19.00) (1.04)
(5.89) (7.34)
(7.34)(36.33)
(36.33) 0.91
0.90 301301

87
6.90
346346(13.01)
(13.01)

918
773.07
18.70
40.03 8.42
8.42
43 43 40.03

37
0 0

22
40 40

18 22.22
27 27 48.15
48.15

4,055 11,278.66 (64.05)


349.37 13.05
13.05
395395 349.37

23
6,015
6,015

7.17 8.08 26.76 29.77


17.94 44.04
147
0.54 0.58
0.58 233233
1.331.33 0.91
0.91 9.20
9.20 7.707.70 0.54

146
0.68
(9.69)
258258 (9.69)

540
480.21
12.54
53.52 (1.90)
(1.90)
53 53 53.52

0
11,088
11,088

0
6,624
6,624

25,376
22,214
14.23 39.30
41.13
8.44 9.97 19.01 22.00
6.61 10.43
22
10.39 8.64
11,119
11,119 11,372
11,372 (2.22)
(2.22) 7.177.17 7.067.06 10.39
8.64 37.43
37.43 47.67
47.67 1.241.24 1.171.17 103103

20
10.00
0.98
102102 0.98

3,562 3,575.69
(0.38)
130.07 (3.65)
(3.65)
125125 130.07

36,581
326326

17,885
104.54
8 8 3,741.59
3,741.59

27.45
(6.18)
(6.18)

246,182
8,255
8,255

197,918 24.39
(25.84)
11,131(25.84)
11,131

168,692
115,517
8,252 11,112
8,252
11,112

57.67
1.101.10

31,509
34,235
34,235

19,942 58.00
(4.97)
36,026 (4.97)
36,026

30,977
19,047
15,190 10,595
15,190
10,595

62.63
43.37
43.37

11,081
4,507
4,507

9,329
3,569
3,569

18.78
26.28
26.28

4,832
4,253
13.62
1.82
2.21
4.33
7.01 18.07
27.61
1.16
1.20
36
(6.60) 24.11
2.51(6.60)
0.37 0.52
9,766
9,766 10,486
10,486 (6.87)
(6.87) 6.43
6.43 (17.68)
(17.68) 2.51
24.11(73.58)
(73.58) 0.37
0.52 384384

48,628
55,302
(12.07)
5,813
6,016
5,813
6,016 (3.38)
(3.38)

56,325
3,368
3,368

59,367
(5.12)
(43.80)
5,993(43.80)
5,993

48,011
53,915
2,012 4,687
2,012
4,687

(10.95)
(57.07)
(57.07)

20,590
6,201
6,201

13,745
3,259
3,259

49.80
90.24
90.24

11.38
(7.53)
(7.53)

41,140
4,188
4,188

46,506 (11.54)
20.06
3,488 20.06
3,488

38,771
44,027
4,188 3,488
4,188
3,488

(11.94)
20.06
20.06

46,464
11,254
11,254

25,354
11,615
11,615

68.03
(4.74)
(4.74)

40,525
42,497
42,497

24,591 64.79
(0.28)
42,615 (0.28)
42,615

37,989
22,682
38,516 40,766
38,516
40,766

67.49
(5.52)
(5.52)

15,232
6,726
6,726

11,128
7,263
7,263

1,086
9,892
9,892

799 35.93
135.93
4,193135.93
4,193

1,086
2,023
2,023

35.93
(51.75)
(51.75)

224
7,799
7,799

149
6,161
6,161

50.28
26.57
26.57

3,907
163.25
9,446
9,446 (17.23)
(17.23)

52,321
1,942
1,942

47,370
1,686
1,686

10.45
15.20
15.20

62,120
52,816
17.61 16.85
19.74
11,934
11,934 12,593
12,593 (5.23)
(5.23) 1.301.30 0.96
0.96

99.09
165,842
143,440
(26.55
(26.55
2,804
2,804
2,116
2,116

15.62
32.53
32.53

1,249
8,747
8,747

886
6,998
6,998

799
4,193
4,193

185,943
171,786
8.24
184,441
172,050
7.20
12,519
4,200
12,519 14,383
14,383 (12.96)
(12.96)
4,200 5,499
5,499 (23.61)
(23.61)

133,623
124,875
7.01
(16.81)
12,713(16.81)
10,577 12,713
10,577

10,284
7,818
7,818

4.25
6.41
6.41

348,315
8,862
8,862

182,472
145,504 25.41
(26.70)
8,264(26.70)
6,058
6,058
8,264

20,015
10,053
6,055 8,244
6,055
8,244

287,555
21.13
132,372
104,886
26.21
10,359
7,488
10,359 (14.46)
(14.46)
7,488 9,609
9,609 (22.07)
(22.07)

46.03
173,546
174,003
(25.74)
(25.74)
2,092
2,092
1,306
1,306

77.77
0.97
0.97

53.90
(8.57)
40.84
40.84 (17.38)
(17.38)

47,525
(3.18)
(67.26)
29,713(67.26)
29,713

(0.26)
60.23
60.23

24,493
23,808
2.88
0.30
(0.27)
0.65 (0.52)
6.00
(7.65)
1.08
0.99
476
329 44.68
11.21(70.13)
(23.25)11.21
0.61 0.20
22,295
22,295 26,881
26,881 (17.06)
(17.06)(35.49)
(35.49) 10.30
10.30(23.25)
(70.13)
(755.48)
(755.48) 0.61
0.20 1,443
1,443 1,455
1,455 (0.82)
(0.82)
116,442
108,559
14,907
14,907 14,246
14,246

7.26
1.66
2.35
0.41 0.73
1.00
1.49
0.89
1.02 1,524
1,526
(0.13)
8.20 1.691.69 49.92
4.64
4.64 5.28
5.28 1.441.44 8.20
49.92 16.13
16.13 1.161.16 0.91
0.91 19 19
19 19 0.00
0.00

(81,023) (101,749) (20.37)


0.14
0.11
8.60 11.38 60.29 144.34
1.15
1.11
31.3426.98
4.32 1.671.67
5,237
5,237 3,470
3,470 50.94
50.94 41.90
41.90 35.33
35.33 31.34
26.98 79.43
79.43 67.71
67.71 4.32

49
34 34

3,967
253.94
110110 89.40
89.40

282
252.40
11.69
11 11 25.77
25.77(56.07)
(56.07)

5,216
18.11
1,292
1,292 1,085.51
1,085.51

134,448
130,307
13,680
13,680 13,333
13,333

46,015
9,728
9,728

419,728
370,236
13.37
150,178
117,829
10,348
10,348 12,424
12,424 (16.72)
(16.72)
9,538
9,538 10,166
10,166

5.39
2.06
2.06

689,135
728,525 (5.41)
13.78
28,149 13.78
32,029 28,149
32,029

148,168
108,640
6,310 5,311
6,310
5,311

28,809
-

94.63
-

58
(36.39)
0 0
-

2
871.59
26 2623,257
23,257
.43.43
67.40
67.40

Construo
Transportes
Transportes
e Armazenagem
e Armazenagem

66,744
12,628
12,628

52,962
26.02
10,992
10,992 14.88
14.88

3,346
4,381
4,381

1,110
201.40
4,119
4,119 6.36
6.36

4,749
6,451
6,451

299.12
1,190
6,156
6,156 4.79
4.79

102,819
15,195
15,195

76,867
33.76
11,090
11,090 37.02
37.02

85,866
59,360
11,318
11,318 8,214
8,214

44.65
37.78
37.78

92,900
1,417
1,417

68,443 35.73
(15.99)
1,687(15.99)
1,687

88,734
63,698
39.30
1,417 1,687
1,417
1,687 (15.99)
(15.99)

9,919
13,778
13,778

8,507
9,495
9,495

16.59
45.11
45.11

(61,995)
(51,772)
19.75
5.01
2.10
3.25
1.44 36.32
26.10
0.97
0.93 2,188
2,700 (18.96)
28.8337.14
4.87 189189 185185 2.162.16
7,014
7,014 5,520
5,520 27.07
27.07 34.70
34.70 37.48
37.48 28.83
37.14 37.65
37.65 46.20
46.20 7.997.99 4.87

39.23 (30.39)
59.58 13.34
13.34
59.58

3,305
1,494
1,494

3,266
853853

36 36
86 86

Lda
37 37 Teixeira Duarte Engenharia e Construes Moambique,
M m
74 74 Socremo
- Banco
de de
Microfinanas,
SA SA
Socremo
- Banco
Microfinanas,

Construo
Actividades
Actividades
Financeiras
Financeiras
e de
e de
Seguros
Seguros

64,934
12,458
12,458

44,530
45.82
13,211
13,211 (5.70)
(5.70)

4,526
1,637
1,637

5,655
(19.96)
1,195
1,195 36.94
36.94

7,657
2,347
2,347

(13.25)
8,826
1,846
1,846 27.17
27.17

85,408
34,920
34,920

89,454
(4.52)
32,304
32,304 8.10
8.10

67,985
79,426
(14.40)
23,674
23,674 23,916
23,916 (1.01)
(1.01)

55,345
25,493
25,493

63,911 (13.40)
24,511 4.014.01
24,511

55,345
63,876
(13.36)
24,534 23,553
24,534
23,553
4.174.17

30,063
9,427
9,427

25,793
7,869
7,869

16.56
19.81
19.81

572,968
38,022 1,406.95
6.97
12.70
5.30 6.32 16.21 23.47
1.23
1.24
387
4.69 3.70
0.96 1.021.02 339339
7,203
7,203 7,528
7,528 (4.33)
(4.33) 13.14
13.14 9.05
9.05 4.69
3.70 18.93
18.93 15.67
15.67 0.96

342
13.16
3.35
328328 3.35

178
133.93
33.02
40.97 (8.81)
(8.81)
37 37 40.97

3,470
1,564
1,564

6,393
(45.72)
560560 179.15
179.15

37 37
87 87

35 35 Transportes Lalgy, Lda


83 83 Medis
Farmaceutica,
LdaLda
Medis
Farmaceutica,

Transportes e Armazenagem
m
m
Comrcio
Comrcio

58,695
12,104
12,104

54,614
7.47
10,990
10,990 10.14
10.14

550
220220

526
4.61
254254 (13.35)
(13.35)

773
469469

3.37
748
424424 10.76
10.76

44,927
8,339
8,339

40,059
12.15
7,196
7,196 15.89
15.89

19,241
16,585
6,838
6,838 6,290
6,290

38,565
7,022
7,022

34,245
12.61
15.15
6,098 15.15
6,098

31,190
28,592
7,022 5,764
7,022
5,764

9.09
21.82
21.82

6,363
1,318
1,318

5,870
1,109
1,109

8.39
18.83
18.83

52,486
41,865
25.37
0.94
0.96
1.22
1.31
8.99
8.94
0.62
0.58
642
2.64 3.53
0.97 1.091.09 82 82
10,528
10,528 10,125
10,125 3.99
3.99 1.821.82 2.31
2.31 2.64
3.53 18.12
18.12 24.63
24.63 0.97

850 (24.47)
13.89
72 72 13.89

79
72.92
7.91
157157 157157
.00.00 0.130.13

3,458
603603

6,051
(42.85)
362362 66.81
66.81

38 38
88 88

34 34 Construa, Lda
79 79 Dataserv,
LdaLda
Dataserv,

Comrcio
m
Comrcio
Comrcio

4,718
(75.36)
3,163
3,163 38.87
38.87

35 35 n.an.a CETA - Engenharia e Construes, SA


Cargo
Terminal,
SARL
85 85 82 82 Matola
Matola
Cargo
Terminal,
SARL

16.02
8.71
8.71

58,059
11,659
11,659

54,654
6.23
11,866
11,866 (1.74)
(1.74)

2,563
496496

3,871
(33.79)
365365 35.82
35.82

4,215
749749

(28.86)
5,925
541541 38.36
38.36

38,282
5,852
5,852

36,524
4.81
4,582
4,582 27.72
27.72

20,202
19,367
5,182
5,182 3,936
3,936

4.31
31.65
31.65

5,053
4,412
4,412

5,854 (13.68)
37.73
3,203 37.73
3,203

m
SARL
Comrcio
m de Moambique,
M m
39 39 33 33 Entreposto Comercial
Contact
Center
Moambique
(ex.Select
Vedior
Moambique)
89 89 102102 ES ES
Contact
Center
Moambique
(ex.Select
Vedior
Moambique) Servios
Servios

50,063
10,505
10,505

54,984
(8.95)
7,328 43.36
43.36
7,328

1,461
331331

1,945
(24.92)
495495 (33.17)
(33.17)

1,989
554554

(35.82)
3,099
766766 (27.65)
(27.65)

95,343
1,903
1,903

93,199
2.30
1,634
1,634 16.44
16.44

44,254
45,704
1,742
1,742 1,580
1,580

(3.17)
10.31
10.31

66,969
1,101
1,101

65,035
2.97
11.40
988988 11.40

53,321
50,767
975975
761761

40 40 38 38 G4S Secure Solutions, Lda


Investment
Group,
LdaLda
90 90 n.an.a Malala
Malala
Investment
Group,

Servios
Comrcio
Comrcio

46,911
10,462
10,462

44,370
5.73
3,577 192.48
192.48
3,577

2,769
14 14

2,529
9.51
12 12 14.34
14.34

4,395
14 14

(9.28)
4,844
12 12 14.34
14.34

33,396
549549

29,930
11.58
190190 188.19
188.19

28,186
10,902
158.54
493493
184184 168.14
168.14

26,511
554554

25,881
2.44
164.13
210210164.13

24,527
554554

(5,602)
(6,509)
(13.93)
17 17
17 17 (0.73)
(0.73)

17,543
17 17

64.13
10,688
17 17 (0.73)
(0.73)

432,194
391,230
10.47
11,964
11,964 12,060
12,060 (0.79)
(0.79)

41 41
91 91

E.P.
43 43 Aeroportos de Moambique,
M m
90 90 Topack
Moambique,
SARL
Topack
Moambique,
SARL

m
m
Transportes e Armazenagem
Indstria
Indstria

45,002
10,133
10,133

37,021
21.56
9,132
9,132 10.96
10.96

42 42
92 92

42 42 Gespetro, SARL
91 91 MAHS
- Mozambique
Airport
Handling
Services,
LdaLda
MAHS
- Mozambique
Airport
Handling
Services,

m
Comrcio
Transportes
Transportes
e Armazenagem
e Armazenagem

43,781
9,923
9,923

40,498
8.11
8,227
8,227 20.61
20.61

306
804804

311
(1.40)
576576 39.56
39.56

471
1,820
1,820

(6.11)
502
891891 104.40
104.40

6,732
6,543
6,543

6,586
2.22
8,163
8,163 (19.85)
(19.85)

43 43
93 93

40 40 Servitrade Servios Investimentos


m e Trading, Lda
84 84 Teledata
de de
Moambique,
LdaLda
Teledata
Moambique,

Construo
Comunicaes
Comunicaes

42,613
9,607
9,607

40,866
4.28
10,611
10,611 (9.46)
(9.46)

322322

1,073
1,073 (70.03)
(70.03)

471471

1,475
1,475 (68.05)
(68.05)

89,556
8,698
8,698

36,557
7,941
7,941

34,623
5.59
6,015
6,015 32.02
32.02

59,264
11.72
(8.28)
3,422 (8.28)
3,422

7,121
5,975
5,975

2,526 181.88
5,682 5.165.16
5,682

(2,907) (142.18)
(403)
(403)(119.96)
(119.96)

494,827
290,118
70.56
262,331
180,601
31,979
31,979 33,034
33,034 (3.20)
(3.20)
5,629
5,629 5,916
5,916

45.25
(4.85)
(4.85)

449,707
245,960 82.84
(16.94)
15,747(16.94)
13,079 15,747
13,079

410,683
244,830
6,360 4,578
6,360
4,578

67.74
38.92
38.92

45,120
18,899
18,899

44,590
17,457
17,457

(22.26)
(20,168)
(25,942)
1,160
1,160
800800 44.93
44.93

573,371
539,453
6.29
360,767
354,078
4,871
4,871
3,818
3,818 27.58
27.58
4,125
4,125 3,162
3,162

1.89
30.45
30.45

516,906
454,740
13.67
33.78
1,376 33.78
1,841
1,841
1,376

421,964
376,363
1,165
1,165 1,216
1,216

12.12
(4.22)
(4.22)

56,464
3,031
3,031

6,116
0.83
1,551
1,551 216.72
216.72

18,189
1,855
1,855

6,347
30.41
461461 61.99
61.99

12,653
629629

32.78
9,529
698698 (9.92)
(9.92)

24,356
6,769
6,769

17,016
43.14
5,671
5,671 19.36
19.36

(6,016)
(4,203)
43.15
1,991
1,991
2,151
2,151 (7.44)
(7.44)

(4,261)
3,263
3,263

(17.01)
(5,134)
3,187
3,187 2.37
2.37

39,901
15,439
15,439

35,014
13.96
14,857
14,857 3.92
3.92

8,871
8,871

495
881881

0.15
494
(753)
(753)(216.96)
(216.96)

18,421
2,213
2,213

336
634634

329
2.16
(794)
(794)(179.91)
(179.91)

51 51

Lda
36 36 CMAMCGM Mozambique,
MM m

m
m
Transportes e Armazenagem

35,461

49,627

(28.54)

1,046

2,198

(52.42)

1,805

52 52

de Seguros , SARL
49 49 Hollard Moambique
M m Companhia
m

Actividades Financeiras e de Seguros

3,379

(46.57)

159
149.44
6.53
33 33 30.58
30.58 7.437.43

510
-

1.13
1.89
700
3.7012.57
0.90 0.85
1.101.10 3.35
12.57 14.01
14.01 54.11
54.11 0.90
0.85 88 88
3.35 10.11
10.11 3.70

n.d
90 90 (2.22)
(2.22)

108108 119.23
119.23 (9.46)
(9.46)

18,528
1,459
1,459

12,820
26,791
(52.15) 49.00
25.69
18.99 14.13 66.96 65.07
0.45
0.32
283
3.73 1.461.46 7.167.16 5.81
2.06 1.921.92 84 84
2,381
5.81 2.06
2,381 2,104
2,104 13.16
13.16 2.70
2.70 0.94
0.94 3.73

66,209
3,139
3,139

41.04
7.987.98

22,331
15,577
6,157
6,157 4,968
4,968

5,631
5,975
5,975

9,071
9,071

8,973
8,973

51,825
1,219
1,219
-

7,531
(84.82)
417417 (79.33)
(79.33)
11,083
-

(52.05)
-

64,815
(20.04)
609609 100.13
100.13
280
-

1,564
1,564

(6.76)
(6.76)

149
184.86 (19.18)
117117 278.03
278.03 (57.74)
(57.74)

21,421
0 0

56
14.29
64 64 (1.56)
(1.56)

675
729.18
(7.40)
143143 244.20
244.20 (41.32)
(41.32)

5,349
7 7

1.19
8.26
8.26

35,165
21,625
62.62
1.86 (11.23)
0.15 (0.82)
1.66
(5.92)
0.64
0.74
437
0.02(0.95)
0.89 1.291.29 342342
1,185
968968 22.46
22.46 0.06
0.06 (3.49)
(3.49) 0.02
(0.95) 0.03
0.03 (1.80)
(1.80) 0.89
1,185

325 34.46
334334 2.40
2.40

105
27 27

90.80
15.72
27.96
27.96 (4.82)
(4.82)

13,912
0 0

8,999
0 0

85,541
(33.99)
2,466
2,466 22.89
22.89

(54,673)
(54,921)
(0.45) (50.52) (56.57)
(3.52) (4.81) (28.40) (34.48)
0.85
0.94
865
16.2014.26
3.54 2.60
7,487
21.19 9.149.14 7.707.70 16.20
14.26 28.70
28.70 23.64
23.64 3.54
2.60 95 95
7,487 6,178
6,178 21.19

878
(1.48)
76 76 25.00
25.00

46
52.74 (13.14)
101101 105.57
105.57 (4.40)
(4.40)

227227

193193

17.34
17.34

23
0 0

15 53.33
113113
(100.00)
(100.00)

2,059 2,771.20 (25.69)


151151 69.46
69.46 117.72
117.72

650
0 0

623
0 0

4.34
-

48 828.26 (15.77) (10.55) (15.08) (12.00)


27.20 23.41
720
12.89 14.414.4 33.69
7,067
7,067 (11.39)
(11.39) 24.92
24.92 23.10
23.10 12.89
33.69 53.02
53.02 1.041.04 0.86
0.86 136136

690
4.35
148148 (8.11)
(8.11)

36,010
34,116
5.55
0.92
0.95
1.83 2.41 12.57
13.32
1.10
1.11
112
28.65
3.78 1.641.64 74 74
7,252
7,252 4,436
4,436 63.49
63.49 7.997.99(13.19)
(13.19) 28.65
(49.81)
(49.81)104.17
104.17
(219.80)
(219.80) 3.78

103
8.74
68 68 8.82
8.82

6,167
4,913
4,913

7,650 (19.38)
20.33
4,083 20.33
4,083

6,167
4,913
4,913

8,592
8,592

3.24
3.24

64,931
8,559
8,559

54,036
20.16
(14.11)
9,966(14.11)
9,966

34,188
8,559
8,559

13,660
34.86
1,593
1,593 38.91
38.91

17,089
12,430
1,750
1,750 1,120
1,120

37.48
56.21
56.21

15,588
956956

11,163 39.64
(40.01)
1,593(40.01)
1,593

15,588
11,163
39.64
462462
684684 (32.38)
(32.38)

2,833
1,257
1,257

2,521
12.36
(40)(40)(3,252.61)
(3,252.61)

14,562

13,989

4.10

14,138

13,734

2.94

13,304

11,772

13.02

13,304

9,458
1,603
1,603

92.31
15.74
15.74

99.87
(25,030)
(19,208)
(14.11)
6,879
4,939
4,939
(14.11)
6,879

30.31
39.29
39.29

26,524
21,879
21.23
21.16
19.92
33.98 37.30 59.88 107.28
3.62
2.55
11.04 8.148.14 43.22
7,916
7,916 6,366
6,366 24.35
24.35 8.75
8.75 6.42
6.42 11.04
43.22 30.41
30.41 1.251.25 3.20
3.20
446
6,262
6,262

11,772

13.02

1,258

2,239

(43.81)

4,408

3,908

12.80

2.95

4.43

7.18

15.71

59.81

120.04

1.06

1.17
3.31

68

63

54
56 56

59.80
(9.50)
68.71
68.71 (18.11)
(18.11)

4,150
470470

340
305.05
11.48
112112 101.95
101.95 9.71
9.71

0
-

7.94

541

787.73

10.91

610

595.87

(31.27)

0 0

81.84
-

270
4.81
76 76 10.53
10.53

0
-

238

(58.80)

28,602

23.63

3,151

3,570

(11.74)

4,580

4,976

(7.96)

64,312

43,269

48.63

63,638

42,964

48.12

51,750

33,862

52.82

19,646

12,983

51.32

12,562

9,499

32.25

14,363

13,033

10.21

8.91

12.48

4.90

8.25

28.57

45.97

3.24

35,325

27,427

28.79

634

661

(4.00)

1,383

1,065

29.87

36,697

35,627

3.00

31,691

32,249

(1.73)

34,111

33,363

2.24

30,686

29,098

5.46

2,586

2,286

13.12

31,141

24,662

26.27

1.80

2.41

1.73

1.85

26.04

28.57

1.03

1.11

407

330

23.33

96

83.62

14.64

2,038

1,597

54 54

54 54 Premier
mGroup, Lda

m
Comrcio

35,199

24,547

43.39

286

121

136.91

422

275

53.21

30,977

25,602

20.99

14,764

11,389

29.63

29,848

25,151

18.68

29,848

25,151

18.68

2,931

456

543.36

31,985

24,272

31.78

0.81

0.49

0.92

0.47

16.86

29.05

0.49

0.45

603

566

6.54

60

57.89

4.02

599

12,813

98

35,360

2.31

54.58
-

Servios

55

7,225
(42.56)
265265 77.42
77.42

51 51 Televisa - Sociedade Tcnica de Obras


O e Projectos, Lda

61

886
503.98
72 72 (89.73)
(89.73)

53 53

72 / A dcima sexta edio / The sixteenth edition

1.21
75.24
75.24

64
63 63

43.36
23.93
23.93

17,105
9,966
9,966

50.03
13.72
60.68
60.68 3.08
3.08

271
2.95
281281 14.95
14.95

40,345
31,222
29.22
1.55
1.40
6.04 8.99 21.60
18.87
0.24
0.45
5.00 6.72
6,895
6.72 13.98
13.98 20.11
20.11 1.571.57 1.531.53
6,895 11,444
11,444 (39.75)
(39.75) 5.30
5.30 4.60
4.60 5.00

67.93
(1.52)
(1.52)

968
8,678
8,678

1,366
9,370
9,370

57
63 63

40,610
37,802
7.43
0.70
0.77
4.55 4.72 21.94 22.52
1.12
1.21
279
12.29 7.067.06 19.73
0.69 1.011.01 323323
8,103
19.73 14.89
14.89 0.69
8,103 7,004
7,004 15.69
15.69 8.118.11 7.007.00 12.29

28.44
13.97
13.97

1,226
80 80

m
Comrcio
Servios
Servios

4.62
6.07
6.07

101.16
6.41
6.41

744
(2,387) (131.17)
5 5
(312
(312 (101.63)
(101.63)

Moambique,
Lda
M m
50 50 44 44 Unicomom
Moambique,
LdaLda
100100 111111 Cowi
Cowi
Moambique,

1,365
3,955
3,955

2,540
3,223
3,223

57 57 Moza
M Banco, SA
92 92 Salvor
Hoteis
Moambique,
SARL
Salvor
Hoteis
Moambique,
SARL

39,827
(4.20)
9,310
9,310 (14.18)
(14.18)

1,428
4,195
4,195

20,074
3,432
3,432

46 46
96 96

38,152
7,990
7,990

3,771
8.96
4,211
4,211 (48.86)
(48.86)

3.44
1.52
60.63
60.63150.09
150.09

776
3.87
156156 7.697.69

3,263
3,673
3,673

4,109
2,154
2,154

3
152152

44,782
41,619
7.60 (12.45) (17.58)
(1.30) (1.66) (19.32) (17.45)
1.55
1.70
806
10,795
4.48 4.48
4.48 1.081.08 1.041.04 168168
10,795 9,115
9,115 18.44
18.44 0.170.17 0.190.19 0.140.14 0.140.14 4.48

40,381
3,652
3,652

5,042
105.94
8,873
8,873 8.73
8.73

Servios
Alojamento,
Alojamento,
Restaurao
Restaurao
e Similares
e Similares

32,145
(19.57)
373373
3.58
3.58

20.41
(8.28)
(8.28)

79,144
34.68
6,821
6,821 (0.44)
(0.44)

10,384
9,648
9,648

SA
46 46 guas da Regio de Maputo,
M
89 89 Avenida
- Empreendimentos
Tursticos
e Hoteleiros,
LdaLda
Avenida
- Empreendimentos
Tursticos
e Hoteleiros,

25,854
386386

2,161
160.64
5,682
5.165.16
5,682

106,590
6,791
6,791

63.69
563
1,179
1,179 (40.81)
(40.81)

49 49
99 99

36.33
(8.88)
(8.88)

56,125
46,611
3,139 3,422
3,139
3,422

75.08
15,693
185185 113.66
113.66

922
698698

8,277
747747

33,842
24,824
10,610 11,644
10,610
11,644

41,485
39,914
3.93
5.90
8.29 8.45 50.47
72.18
1.15
1.55 13,911 12,929
7.60
(115.43
2.58 6.51
0.89 0.88
(10,424)
(127(127
.46).46) 0.89
0.88 20 20 118118(83.05)
(83.05)
(10,424) (3,565)
(3,565) 192.42
192.42 0.140.14 0.35
0.35 2.58
6.51
(115.43

25,415
15,134
6,478
6,478 6,578
6,578

27,475
396396

31,869
22.77
7,189
7,189 18.85
18.85

68.38
(73.74)
(73.74)

(10.78)
(10.78)

453
38.23
596596 (19.13)
(19.13)

39,126
8,545
8,545

4,089
(19)(19)

2,426
2,426

11,184
80.99
100100 154.35
154.35

Servios
Servios
Servios

6,885
(5) (5)

2,164
2,164

627
482482

Lda
M m
48 48 48 48 Grindrod Mozambique,
- Consultores
Associados,
LdaLda
98 98 101101 CONSULTEC
CONSULTEC
- Consultores
Associados,

7,039
248.44
210210 164.13
164.13

19.41
11.50
11.50

20,242
254254

45,858 (12.94)
(20,168)
(25,942)
(22.26)
7,073
7,073 22.00
22.00
789789
544544 44.93
44.93

5,314
0 0

27,815
23,294
6,533 5,860
6,533
5,860

32,448
24.86
12,943
12,943 (29.69)
(29.69)
21,247
88.41
8,946
8,946 0.53
0.53

1,143
86 86

150
171.02 (12.49)
9 9 11.71
11.71(24.93)
(24.93)

61,572
(3.12)
6.53
6,133 6.53
6,133

43,535
(5.11)
10,565
10,565 (11.03)
(11.03)

39,924
8,629
8,629

117
125.21
(6.61)
202.83 (8.76)
(8.76)
185185 202.83

330
2.73
772772109.72
109.72

59,651
6,533
6,533

41,311
9,400
9,400

40,032
8,993
8,993

475
9.05
10.00
60 60 10.00

48,130
53,802
(10.54)
2.92
3.54
1.53 2.09
5.14
7.15
0.83
0.90
339
17.4030.31
9,956
2.08 1,619
1,619
9,956 6,898
6,898 44.34
44.34 3.153.15 6.766.76 17.40
30.31 45.55
45.55116.57
116.57 1.791.79 2.08

31,426
43,932
(28.47)
5,866
5,866 4,968
4,968 18.08
18.08

40,514
9,100
9,100

Actividades Financeiras e de Seguros


Comrcio
Comrcio

53,844
48,729
10.50
4.41
7.08
6.69 10.60
7.98
12.71
17.38
4.10
518
8.48 7.977.97 35.03
10,920
10,920 11,058
11,058 (1.25)
(1.25) 4.25
4.25 3.08
3.08 8.48
35.03 23.60
23.60 1.181.18 1.241.24 66 66

(0.23)
22.97
22.97

77,489
15.57
8,536
8,536 1.901.90

m
Comrcio
Comrcio
Comrcio
Actividades Financeiras e de Seguros
Alojamento,
Alojamento,
Restaurao
Restaurao
e Similares
e Similares

7.30
3.43
3.43

28,439
652652

5,235
1.34
(44.71)
4,246(44.71)
4,246

m
m
Transportes e Armazenagem
Servios
Servios

SA
M m
47 47 50 50 Barclays Bank Moambique,
SA SA
97 97 103103 Intermetal,
Intermetal,

406,340
359,396
13.06
(0.97)
11,691 (0.97)
11,578 11,691
11,578

30,969
1,392
1,392

28,374
802802

5,304
2,347
2,347

Lda
47 47 African Petroleum, m
75 75 Lalgy
Truck
Sales,
LdaLda
Lalgy
Truck
Sales,

4,610
1,497
1,497

24.77
(4.88)
(4.88)

33,229
1,440
1,440

5.03
28.19
28.19

4,561
1.08
4,267
4,267 (64.92)
(64.92)

45 45
95 95

m de Carvo da Matola,
M Lda
44 44 39 39 Terminal
Connexion
Mozambique,
LdaLda
94 94 n.an.a Business
Business
Connexion
Mozambique,

52,606
42,163
11,488
11,488 12,078
12,078

1,162
4,392
4,392

27
68 68

.62
The sixteenth edition / A dcima sexta edio /2773
(95.32)

Anlise Sectorial
Sector Analysis

74 / A dcima sexta edio / The sixteenth edition

The sixteenth edition / A dcima sexta edio / 75

A Facilidade Permanente de Cedncia (FPC)8 diminuiu de


9.5% no incio de 2013 para 8.5% no final do ano de 2013. No
que concerne a taxa referente a Facilidade Permanente de
Depsito, diminuiu de 2.25% em 31 de Dezembro de 2012
para 1.5% em 31 de Dezembro de 2013. De acordo com o do
Banco de Moambique, as questes das taxas de Bilhetes
doTesouro de 91 dias, 182 dias e 364 dias foram de 5.23%,
6.57% e 7.20%, respectivamente, em 31 de Dezembro de
2013. Este comparado com a taxa de Bilhetes doTesouro
para 91 dias, 181 dias e 364 dias de 2.6%, 3.4% e 3,70%,
respectivamente, em 31 de Dezembro de 2012 (de acordo
com o comunicado de imprensa do Banco de Moambique
No. 001/2013-MPC de 18 de Janeiro de 2013).

Actividades
Financeiras e
de Seguros
Financial Activities
and Insurance
Por/By: Tendai
Mukombiwa,
and Christelle
Mupenda

A economia Moambicana continuou a registar um bom crescimento durante 2013. De acordo com a African
Development Bank Groups AfDB African Economic Outlook (2014), a economia de Moambique registou
um crescimento real do PIB de 7%, que menor relativamente as expectativas esperadas devido as cheias
registadas no primeiro trimestre de 2013. O AfDG projectou igualmente uma taxa de crescimento real do PIB
para 2014 de 8.5%. De acordo com o comunicado do Banco de Moambique No. 002/2014-MPC de 12 de Maro
de 2014, a taxa de inflao mdia anual foi de 4.29% em 31 de Dezembro de 2013.
The Mozambique economy continued on a grow path during 2013. According to the African Development Bank Groups
AfDB African Economic Outlook (2014), the Mozambique economy registered real GDP growth of 7%, which is lower
than expectations due to the effects of floods in the first quarter of 2013. AfDG also projects a real GDP growth rate
for 2014 of 8.5%. According to the Bank of Mozambique Press release Nr. 002/2014-MPC dated 12 March 2014, the
average annual inflation rate was 4.29% at 31 December 2013.
De acordo com o African Development Bank Groups
AfDB African Economic Outlook (2014), o crescimento
econmico tem sido impulsionado pelo aumento do
investimento directo estrangeiro (IDE), e um aumento da
despesa pblica. Os sectores econmicos que registaram
um crescimento significativo so os sectores extractivos
(devido, principalmente, s exportaes de carvo),
servios financeiros ( expanso do crdito), construo,
servios, transportes e comunicaes (devido ao
desenvolvimento de infra-estruturas e mega-projectos).
No plano macroeconmico, o exerccio de 2013 registou
um aumento da oferta de moeda, a relativa estabilidade
das taxas de juro e taxas de cmbio por parte das
autoridades monetrias.
Segundo o Banco Central (www.bancomoc.co.mz) o
Metical fechou em MZN 29.75 em 31 de Dezembro de
2013 face ao USD comparativamente a MZN 29.51 em 31
de Dezembro de 2012 representando uma depreciao
anual de 0.81% relativamente a uma depreciao
anual de 8.73% em igual perodo em 2012. Esta relativa
estabilidade permaneceu controlada no que diz respeito
aos resultados em operaes financeiras por parte das
instituies financeiras.
________________________________________________________________________________
8

A taxa de referncia pela qual as Instituies financeiras podem contrair emprstimos atravs/a
partir do Banco de Moambique/Banco Central

76 / A dcima sexta edio / The sixteenth edition

According to the African Development Bank Groups AfDB


African Economic Outlook (2014), the economic growth has been
underpinned by increased foreign direct investment (FDI), and
increased public expenditure. The economic sectors that have
witnessed significant growth are the extractive sectors (mainly
due to coal exports), financial services (due to credit expansion),
construction, services and transport and communication (due to
the infrastructure development and mega projects).
On the macroeconomic front, 2013 has seen increase in
money supply, relative stability in policy interest rates and
exchange rates from monetary authorities.
According to the Central Bank website (www.bancomoc.
co.mz) the Metical closed at MZN 29.75 on 31 December
2013 against the US Dollar as compared to MZN 29.51 at
31 December 2012 representing an annual depreciation of
0.81% compared to an annual depreciation of 8.73% during
the similar period in 2012. This relative stability has resulted in
subdued trading income for financial institutions.

________________________________________________________________________________
8

The benchmark rate at which financial institutions can borrow money from the Mozambican
Central Bank

De acordo com o comunicado do Banco de Moambique


No. 002/2014-MPC de 12 de Maro de 2014, a taxa mdia
de juro para emprstimos de um perodo de reembolso
de um ano concedida pelos bancos comerciais foi
de 20.22%. A taxa comparativa em 31 de Dezembro
de 2012 cifrou-se em 21.38%. Pode-se notar que esta
reduo marginal acompanhou a queda de 1% nas taxas
directoras do banco central durante o ano.
O crescimento econmico resultou no aumento do
endividamento do sector privado no sistema bancrio
nacional que aumentou em 28.7%, o equivalente a cerca
de MZN 33,833 milhes em 31 de Dezembro de 2013. Alm
disso, a oferta de moeda (Base Monetria ou M3) aumentou
em MZN 30,409 milhes o que representa um aumento de
16.37% relativamente ao valor comparativo em 2012 (de
acordo com o comunicado do Banco de Moambique No.
002/2014-MPC de 12 de Maro de 2014). Isso, em conjunto
com a estabilizao nas taxas de juro, resultaram no
aumento das margens lquidas de juro para as instituies
financeiras durante o perodo.
O rcio mnimo de depsito estatutrio permaneceu
inalterado em 8% durante o perodo.
A concorrncia continua alta no mercado e espera-se que
aumente medida que novos intervenientes procuram
penetrar o mercado local. Durante 2013, o Ecobank, um
banco Pan-Africano entrou no mercado local atravs da
aquisio do Banco ProCredit e o Nedbank da frica do Sul
adquiriu igualmente a sua participao no Banco nico. As
oportunidades so abundantes considerando que o mercado
insuficientemente coberto pela banca e que o governo
est a procura de uma soluo para aumentar a incluso do
sector financeiro e apoio atravs da prestao de servios
financeiros para Pequenas e Mdias Empresas (PME). O
crescimento econmico apresenta igualmente condies
favorveis para as instituies financeiras face ao aumento
da procura de novos emprstimos, bem como o aumento dos
depsitos de fluxos de investimento directo estrangeiro.
No que concerne ao mercado de seguro, este continua sem
grandes mudanas desde a crise financeira de 2008. Durante
o ano 2013, as economias emergentes da sia (China, India,
Malsia, Indonsia, Vietname, etc) foram os principais
contribuintes para o crescimento global do sector, com uma
contribuio total de 29%. Isso revela uma mudana na
distribuio do crescimento entre os mercados emergentes e
desenvolvidos (exemplo: USA, Canad, Frana, Hong Kong,

The Marginal Lending Facility interest rate (Facilidade


Permanente de Cedncia- FPC)8 decreased from 9.5% at
the beginning of 2013 to 8.5% at the end of the 2013 year.
The corresponding Standing Deposit Facility interest rate
has decreased from 2.25% at 31 December 2012 to 1.5% at
31 December 2013. According to the Bank of Mozambique
website, the Treasury bill rates issues of 91 days, 182
days and 364 days were 5.23%, 6.57% and 7.20%
respectively at 31 December 2013. This is compared to
the Treasury bill rate for 91 days, 181 days and 364 days
of 2.6%, 3.4% and 3.70% respectively at 31 December
2012 (according to the Bank of Mozambique Press
release Nr. 001/2013-MPC dated 18 January 2013).
According to the Bank of Mozambique Press release Nr.
002/2014-MPC dated 12 March 2014, the average interest
rate for one-year repayment period loans granted by
commercial banks was 20.22%. The comparative rate at 31
December 2012 stood at 21.38%. One can note that this
marginal decrease accompanied the 1% decrease in policy
rates by the central bank during the year.
The economic growth has resulted in the increase in private
sector indebtedness within the national banking system
which has increased by 28.7%, equivalent to MZN 33,833.1
million at 31 December 2013. In addition, the money
supply (Base money or M3) increased by MZN 30,409
million which represents an increase of 16.37% from the
comparative amount in 2012 (according to the Bank of
Mozambique Press release Nr. 002/2014-MPC dated 12
March 2014). This, coupled with stabilisation in interest
rates, has resulted in increased net interest margins for
financial institutions during the period.
The minimum statutory deposit ratio remained
unchanged at 8% during the period.
Competition remains high in the market and it is expected
to increase as new players seek to enter the local market.
During 2013, EcoBank, a pan-African bank has entered in
the local market through the acquisition of ProCredit Bank
and Nedbank of South Africa has also acquired shareholding
in Banco nico. Opportunities are abound as the market is
considered relatively under banked and the government is
seeking to increase financial sector inclusion and support
through the provision of financial services to small and
medium enterprises (SMEs). The economic growth also
present favourable conditions for financial institutions in the
form of increased demand for new loans as well as increased
deposits from foreign direct investment inflows.
Regarding the insurance market, this has operated without
major changes since the financial crisis in 2008. During
2013 the emerging Asian economies (China, India, Malaysia,
The sixteenth edition / A dcima sexta edio / 77

Japo, Austrlia, etc.) ao longo da ltima dcada, em que


antes da crise financeira de 2008-2009, contribuam com
cerca de 80% do crescimento total. (Global Insurance Industry
Insight by Mckinsey & Company 2014)
De acordo com o estudo feito pela Swiss Re reportado
atravs do Sigma, os prmios brutos globais emitidos
em 2013 foram de USD 4,641 bilies representando
um crescimento de 1.4% relativamente ao crescimento
registado em 2012 que foi de 2.5%. A desacelerao
deveu-se principalmente fraqueza no sector do
ramo Vida nos mercados desenvolvidos. Os prmios
de Vida Globais subiram apenas 0.7% em 2013, com
vendas fracas na Amrica do Norte e nos mercados
asiticos desenvolvidos. Em compensao houve um
forte desempenho na Europa Ocidental, Ocenia e na
maioria dos mercados emergentes. (Swiss Re Sigma
Sstudy on World Insurance in 2013)
Os prmios do ramo No Vida cresceram 2.3%, tambm
inferior ao ano anterior que registou um crescimento de
2.7%, reduo que tambm verificou-se igualmente nos
mercados desenvolvidos e emergentes. A rentabilidade
global nos sectores Vida e No Vida melhorou, no entanto,
os retornos do investimento, uma componente importante
dos lucros das seguradoras, permanecem baixas dado o
nvel muito baixo das taxas de juro desde a crise financeira
de 2008. Em 2013, as taxas de juro tenderam a subir
particularmente nos EUA e Reino Unido e continuaro at
2017, mas isso ir beneficiar as seguradoras daqui a alguns
anos. (Swiss Re Sigma Study on World Insurance in 2013).
O mercado moambicano de seguros continua a registar
melhorias tanto no ramo Vida, assim como no ramo No
Vida tendo registado um total de prmios emitidos no
valor de cerca de MZN 941 milhes e MZN 6,131 milhes
respectivamente, contra os valores do ano 2012 que
foram de cerca de MZN 767 milhes para o ramo Vida
e MZN 4,6141 milhes para o ramo No Vida. (KPMG
Intelligence complementado com os Dados do Instituto
de Superviso de Seguros de Moambique)
Em Moambique, o ramo Vida tem crescido ano aps
ano pelo facto da maior parte das empresas terem
includo penses compensatrias nos benefcios aos
trabalhadores e, em relao ao ramo No Vida que
maioritariamente representado pelos ramos Incndio
e Automvel, com uma percentagem total 55.5% dos
prmios emitidos. Essa percentagem justificada pelas
calamidades naturais que o pas vem sofrendo ao longo
dos ltimos anos (exemplo cheias e ciclone) e pela
crescente e facilidade de aquisio de viaturas. (KPMG
Intelligence complementado com os Dados do Instituto
de Superviso de Seguros de Moambique)
Em Moambique o sector de seguros composto
por 17 companhias sendo 13 seguradoras, uma
resseguradora e 3 entidades gestoras de fundos de
penses nomeadamente Seguradora Internacional de
Moambique (SIM), Empresa Moambicana de Seguros
(EMOSE), Global Alliance Seguros (GA), Hollard Seguros
de Moambique, Companhia de Seguros da frica

78 / A dcima sexta edio / The sixteenth edition

Indonesia, Vietnam, etc) were the main contributors to the


overall growth of the sector with a total contribution of 29%.
This indicates a change in the distribution of growth over
the last decade between the emerging markets and the
developed (for example: USA, Canada, France, Hong Kong,
Japan, Australia, etc.) markets, before the financial crisis of
2008-2009 these developed countries contributed around
80% of the total growth. (Global Insurance Industry Insight by
Mckinsey & Company 2014).
According to the study by Swiss Re, as reported in Sigma,
in 2013 the total of global gross premiums issued was 4,641
billion USD representing an increase of only 1.4% compared
to growth of 2.5% in 2012. The deceleration was mainly due
to the weakness in the life insurance sector in developed
markets. Global life premiums increased by only 0.7% in
2013 with weak sales in North America and in the developed
Asian markets, in contrast there was a strong performance
in Western Europe, Oceania and in most emerging markets.
(Swiss Re Sigma Study on World Insurance in 2013).
Non-life premiums grew 2.3%, also lower than the previous
year when growth of 2.7% was recorded, this slowdown
was evident in both developed and emerging markets.
Overall profitability in the life and non-life sectors improved,
however, investment returns, an important part of the profits
of insurers, remained low due to the very low level of interest
rates maintained since the financial crisis of 2008. In 2013,
interest rates showed a tendency to rise, particularly in the
United States and the United Kingdom and this will continue
until 2017, however, this will only benefit insurers in a few
years. (Swiss Re Sigma Study on World Insurance in 2013).
The Mozambican insurance market continues to register
improvements in both life insurance and non-life insurance
markets recording total premiums of around MZN 941
million and 6.131 million MZN respectively, this compares
to the 2012 totals of around MZN 767 million for life
insurance and MZN 4,641 million for non-life insurance.
(KPMG Intelligence supplemented by data from the
insurance supervisory Institute of Mozambique).
In Mozambique, the life insurance sector has grown year
after year due to the fact that most companies have included
compensatory pension benefits to employees. The nonlife branch is dominated by fire and motor insurance which
account for 55.5% of the total premiums issued. This
percentage is explained by the natural disasters the country
has suffered over the last few years (e.g. floods and cyclones)
and by the ease of acquisition and growth in ownership of
vehicles. (KPMG Intelligence supplemented by data from the
Mozambique Institute for the Supervision of Insurance).
In Mozambique the insurance sector comprises 17
companies, 13 insurers, 1 reinsurer and 3 pension
fund managers namely Seguradora Internacional de
Moambique (SIM), Empresa Moambicana de Seguros
(EMOSE), Global Alliance Seguros (GA), Hollard Seguros
de Moambique, Companhia de Seguros da frica Austral,
Moambique Companhia de Seguros (MCS), Tranquilidade
Moambique Companhia de Seguros, Nico Moambique

Austral, Moambique Companhia de Seguros (MCS),


Tranquilidade Moambique Companhia de Seguros,
Nico Moambique Vida Companhia de Seguros, Real
Companhia de Seguros de Moambique, Companhia
de Seguros ndico, Phoenix Seguros, Diamond
Seguros, Fidelidade Seguradora, Resseguradora
MOZRE, Kuhanha Sociedade Gestora de Fundo
de Penses, Standard Bank Sociedade Gestora de
Fundos e Moambique Providente sendo as trs
ultimas gestoras de fundos de penses. (Instituto de
Superviso de Seguros de Moambique)
Deste conjunto, somente a SIM, a EMOSE, a Global
Alliance, a Hollard, aTranquilidade e a Fidelidade
exploram cumulativamente os ramos Vida e No Vida,
enquanto as restantes exploram somente o ramo No Vida
exceptuando as entidades gestoras de fundos de penses.
(Instituto de Superviso de Seguros de Moambique).
O sector apresenta uma estrutura Oligopolista, medida
pelo volume de negcios (Prmios Brutos Emitidos) de
MZN 6,154 milhes dos 4 maiores operadores, o que
representa 87.0% do sector. A penetrao dos seguros na
economia em termos percentuais dos prmios totais (Vida
e No Vida) sobre o PIB foi de 1.5% verificando uma subida
de 0.02pp relativamente ao ano anterior. (Instituto de
Superviso de Seguros de Moambique)
Relativamente ao perodo 2012/2013, o sector de
seguro registou um crescimento no volume de
negcio de 31.4% comparativamente ao perodo
2012/2011 (12.29%). Em termos monetrios, o volume
de negcio registado passou de MZN 5,382 milhes
em 2012 para MZN 7,073 milhes em 2013. (Instituto de
Superviso de Seguros de Moambique)
Na presente edio, o sector de Actividades Financeiras e
de Seguros contou com a participao de 24 empresas, das
quais 16 constam no ranking das 100 maiores empresas.
Neste sector, o destaque vai para o Banco nico, SA e para
Moambique Companhia de Seguros, S.A por constiturem
novas entradas em relao a edio anterior.
As empresas participantes totalizaram um volume
de negcios de cerca de MZN 35,613 milhes, sendo
MZN 34,423 milhes pertencentes as empresas que
constam no ranking (96.66%).
No que concerne ao resultado lquido, no geral, grande
parte das firmas participantes obteve lucros, estes
totalizaram cerca de MZN 6,265 milhes contra os 4,728
milhes obtidos em 2012. Neste critrio, destacam-se
o BIM Banco Internacional de Moambique, SA com
lucros na ordem de MZN 3,303 milhes, seguido do
BCI Banco Comercial e de Investimentos, SA com
MZN 1,421 milhes. Importa realar tambm o First
National Bank que saiu de uma situao de prejuzos
em 2012 de cerca MZN 91.4 milhes para uma situao
de lucros em 2013 cerca de MZN 104.2 milhes.
Quanto a rentabilidade de capitais prprios, o sector
obteve um total de 15.70% onde as empresas Letsego
Financial Services Mozambique, SA e a Mozre

Vida Companhia de Seguros, Real Companhia de Seguros


de Moambique, Companhia de Seguros ndico, Phoenix
Seguros, Diamond Seguros, Fidelidade Seguradora,
Resseguradora MOZRE, Kuhanha Sociedade Gestora de
Fundo de Penses, Standard Bank Sociedade Gestora de
Fundos and Moambique Providente; the last three are
pension funds managers. (Mozambique Institute for the
Supervision of Insurance).
Of this group, only SIM, EMOSE, Global Alliance, Hollard,
Tranquilidade and Fidelidade are active in both life and
non-life branches, the remaining companies, apart from
the pension fund managers only offer non-life insurance
(Mozambique Institute for the Supervision of Insurance).
The sector has an Oligopolistic structure, as demonstrated
by the fact that the turnover (Gross Premiums Written) of
the four major operators of MZN 6,154 million represents
87.0% of the total for the sector. The impact of the
insurance sector on the economy in terms of the total
value of premiums (life and non-life) as a percentage of
GDP was 1.5%, an increase of 0.02pp on the previous year.
(Mozambique Institute for the Supervision of Insurance).
For the period 2012/2013, the insurance sector recorded
growth in turnover of 31.4% compared to 12.29% from
2011 to 2012. In monetary terms the volume of business
increased from MZN 5,382 million in 2012 to MZN 7,073
million in 2013. (Mozambique Institute for the Supervision
of Insurance).
In the present edition, the sector of Financial Activities
and Insurance included the participation of 24 companies,
of which 16 are included in the ranking of the Top 100
companies. In this sector, the emphasis is given to the
Banco nico e para Moambique Companhia de Seguros,
S.A because they constitute new entries compared to the
previous edition
The companies participating in this sector recorded a
revenue of approximately MZN 35,613 million, being MZN
34,423 million belonging to the companies listed in the
ranking (96.66%)
Regarding the net result, in general, most of the
participating companies made profits, of approximately
MZN 6,265 million against 4,728 million obtained in 2012.
According to this criterion, prominence goes to BIM
Banco Internacional de Moambique, SA with profits of
approximately MZN 3,303 million, followed by BCI Banco
Comercial e de Investimentos, SA with MZN 1.421 million.
Prominence goes also to the First National Bank which
went out from a situation of losses in 2012 (around MZN
91.4 million) to a situation of profits in 2013 (around MZN
104.2 million)
Regarding return on equity, the sector earned a total
of 15.70% where the companies Letsego Financial
Services Mozambique, SA e a Mozre Moambique
Resseguros, SA recorded the highest rates of 58.19%
and 50.04% respectively.

The sixteenth edition / A dcima sexta edio / 79

Moambique Resseguros, SA registaram as maiores


taxas de 58.19% e 50.04% respectivamente.
O sector contou com 9,748 trabalhadores empregados,
sendo que 8,984 trabalhadores (92.16%) so das empresas
que fazem parte do ranking. A maior empregadora deste
sector foi o BIM Banco Internacional de Moambique,
SA com 2,329 trabalhadores, seguida pelo BCI Banco
Comercial e de Investimentos, SA com 2,121 e o Standard
Bank, SA com 1,041 trabalhadores empregues.

The sector was represented by 9,748 employed workers,


with 8,984 employees (92.16%) of companies that are
part of the ranking. The largest employer in this sector
was BIM Banco Internacional de Moambique, SA with
2,329 employees, followed by BCI Banco Comercial e de
Investimentos, SA with 2,121 and Standard Bank, SA with
1, 041 employed workers.

Volume de Negcios e Trabalhadores / Revenue and Employees

Rank
2013

2012

1
2013
2
1
3
2
4
3
5
4
6
5
7
6
8
7
9
8
10
9
11
10
12
11
13
12
14
13
15
14
16
15
17
16
18
17
19
18
20
19
21
20
22
21
23
22
24
23

1
2012
2
1
3
2
5
3
6
5
4
6
9
4
8
9
7
8
10
7
13
10
n.a
13
15
n.a
11
15
14
11
12
14
16
12
17
16
n.a
17
21
n.a
18
21
20
18
23
20
22
23

24

22

2013

BIM - Banco Internacional de Moambique, SA

Vol. de Neg. / Revenues


(103 Meticais)
Vol. de Neg. / Revenues
3
%13/12
2012(10 Meticais)

2013

N Trabalhadores
N of Employees
N Trabalhadores
N of Employees
%13/12
2012

2013

Banco Comercial e de Investimentos (BCI), SA


BIM - Banco Internacional de Moambique, SA
Standard Bank, SARL
Banco Comercial e de Investimentos (BCI), SA
Emose - Empresa Moambicana de Seguros, SA
Standard Bank, SARL
Global Alliance Seguros, SA
Emose - Empresa Moambicana de Seguros, SA
Seguradora Internacional de Moambique (SIM), SA
Global Alliance Seguros, SA
Moza Banco, SA
Seguradora Internacional de Moambique (SIM), SA
Barclays Bank Moambique, SA
Moza Banco, SA
Hollard Moambique Companhia de Seguros , SARL
Barclays Bank Moambique, SA
FNB - First National Bank Moambique, SA
Hollard Moambique Companhia de Seguros , SARL
BancABC, SA
FNB - First National Bank Moambique, SA
Banco nico, SA
BancABC, SA
LETSHEGO - Financial Services Mozambique, SA
Banco nico, SA
Mozre - Moambique Resseguros, SA
LETSHEGO - Financial Services Mozambique, SA
Banco Procredit, SA
Mozre - Moambique Resseguros, SA
Socremo - Banco de Microfinanas, SA
Banco Procredit, SA
Banco Nacional de Investimentos, SA
Socremo - Banco de Microfinanas, SA
GAPI - Sociedade de Investimentos, SA
Banco Nacional de Investimentos, SA
Moambique Companhia de Seguros, S.A
GAPI - Sociedade de Investimentos, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Moambique Companhia de Seguros, S.A
Banco Terra, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Banco Oportunidade de Moambique, SARL
Banco Terra, SA
Banco Mercantil e de Investimentos (BMI), SA
Banco Oportunidade de Moambique, SARL
Capitalbank, SA (ex. International Commercial Bank, SA)
Banco Mercantil e de Investimentos (BMI), SA

8,039,551
2013
5,191,286
8,039,551
4,585,240
5,191,286
4,340,000
4,585,240
2,470,202
4,340,000
2,368,000
2,470,202
1,197,345
2,368,000
1,194,130
1,197,345
1,057,622
1,194,130
791,262
1,057,622
752,176
791,262
613,488
752,176
549,750
613,488
480,632
549,750
419,880
480,632
372,623
419,880
236,900
372,623
232,377
236,900
204,196
232,377
151,280
204,196
133,834
151,280
122,664
133,834
71,943
122,664
36,718
71,943

7,459,047
2012
4,371,027
7,459,047
4,325,977
4,371,027
1,951,000
4,325,977
1,800,450
1,951,000
1,986,000
1,800,450
599,795
1,986,000
1,294,584
599,795
807,429
1,294,584
512,402
807,429
599,213
512,402
241,333
599,213
246,752
241,333
412,102
246,752
435,592
412,102
372,957
435,592
237,492
372,957
191,367
237,492
160,024
191,367
109,891
160,024
145,639
109,891
122,460
145,639
47,630
122,460
55,951
47,630

7.78
%13/12
18.77
7.78
5.99
18.77
122.45
5.99
37.20
122.45
19.23
37.20
99.63
19.23
(7.76)
99.63
30.99
(7.76)
54.42
30.99
25.53
54.42
154.21
25.53
122.79
154.21
16.63
122.79
(3.61)
16.63
(0.09)
(3.61)
(0.25)
(0.09)
21.43
(0.25)
27.60
21.43
37.66
27.60
(8.11)
37.66
0.17
(8.11)
51.05
0.17
(34.37)
51.05

2,329
2013
2,121
2,329
1,041
2,121
325
1,041
93
325
147
93
437
147
865
437
61
865
280
61
207
280
334
207
85
334
19
85
301
19
339
301
34
339
122
34
37
122
30
37
157
30
240
157
57
240
87
57

2,298
2012
1,906
2,298
969
1,906
330
969
87
330
146
87
325
146
878
325
55
878
257
55
166
257
248
166
62
248
19
62
346
19
328
346
23
328
120
23
33
120
25
33
158
25
216
158
57
216
79
57

1.35
%13/12
11.28
1.35
7.43
11.28
(1.52)
7.43
6.90
(1.52)
0.68
6.90
34.46
0.68
(1.48)
34.46
10.91
(1.48)
8.95
10.91
24.70
8.95
34.68
24.70
37.10
34.68
0.00
37.10
(13.01)
0.00
3.35
(13.01)
47.83
3.35
1.67
47.83
12.12
1.67
20.00
12.12
(0.63)
20.00
11.11
(0.63)
0.00
11.11
10.13
0.00

3,475
2013
2,578
3,475
4,562
2,578
13,252
4,562
27,447
13,252
16,164
27,447
3,143
16,164
1,370
3,143
18,235
1,370
2,947
18,235
4,033
2,947
2,108
4,033
7,480
2,108
25,296
7,480
1,298
25,296
1,117
1,298
8,312
1,117
1,920
8,312
5,834
1,920
5,501
5,834
850
5,501
538
850
1,262
538
442
1,262

Capitalbank, SA (ex. International Commercial Bank, SA)

36,718

55,951

(34.37)

87

79

10.13

442

VN por Trabalhador
Revenue per Employee
3
(10
Meticais)
VN por
Trabalhador
Revenue
%13/12
2012 per3 Employee
(10 Meticais)

Rank
Empresa
Custos
e Rentabilidade
/ Operating Cost and Profit
Rank
2013

2012

1
2013
2
1
3
2
4
3
5
4
6
5
7
6
8
7
9
8
10
9
11
10
12
11
13
12
14
13
15
14
16
15
17
16
18
17
19
18
20
19
21
20
22
21
23
22
24
23

1
2012
2
1
3
2
5
3
6
5
4
6
9
4
8
9
7
8
10
7
13
10
n.a
13
15
n.a
11
15
14
11
12
14
16
12
17
16
n.a
17
21
n.a
18
21
20
18
23
20
22
23

24

22

2013

BIM - Banco Internacional de Moambique, SA

Banco Comercial e de Investimentos (BCI), SA


Emose - Empresa Moambicana de Seguros, SA
Standard Bank, SARL
Global Alliance Seguros, SA
Emose - Empresa Moambicana de Seguros, SA
Seguradora Internacional de Moambique (SIM), SA
Global Alliance Seguros, SA
Moza Banco, SA
Seguradora Internacional de Moambique (SIM), SA
Barclays Bank Moambique, SA
Moza Banco, SA
Hollard Moambique Companhia de Seguros , SARL
Barclays Bank Moambique, SA
FNB - First National Bank Moambique, SA
Hollard Moambique Companhia de Seguros , SARL
BancABC, SA
FNB - First National Bank Moambique, SA
Banco nico, SA
BancABC, SA
LETSHEGO - Financial Services Mozambique, SA
Banco nico, SA
Mozre - Moambique Resseguros, SA
LETSHEGO - Financial Services Mozambique, SA
Banco Procredit, SA
Mozre - Moambique Resseguros, SA
Socremo - Banco de Microfinanas, SA
Banco Procredit, SA
Banco Nacional de Investimentos, SA
Socremo - Banco de Microfinanas, SA
GAPI - Sociedade de Investimentos, SA
Banco Nacional de Investimentos, SA
Moambique Companhia de Seguros, S.A
GAPI - Sociedade de Investimentos, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Moambique Companhia de Seguros, S.A
Banco Terra, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Banco Oportunidade de Moambique, SARL
Banco Terra, SA
Banco Mercantil e de Investimentos (BMI), SA
Banco Oportunidade de Moambique, SARL
Capitalbank, SA (ex. International Commercial Bank, SA)
Banco Mercantil e de Investimentos (BMI), SA

3,483,047
3,166,000
2,493,120
2,288,666
3,166,000
1,858,000
2,288,666
1,051,800
1,858,000
(1,635,271)
1,051,800
429,592
(1,635,271)
654,332
429,592
519,967
654,332
685,433
519,967
102,241
685,433
445,875
102,241
326,988
445,875
215,428
326,988
160,682
215,428
194,108
160,682
130,483
194,108
81,572
130,483
0
81,572
14,508
0
86,431
14,508
(90,440)
86,431

2,872,471
1,465,000
2,242,963
1,682,929
1,465,000
1,491,000
1,682,929
610,464
1,491,000
(1,550,427)
610,464
367,913
(1,550,427)
571,530
367,913
433,364
571,530
577,212
433,364
76,949
577,212
402,156
76,949
380,951
402,156
212,521
380,951
141,198
212,521
178,721
141,198
110,441
178,721
67,387
110,441
(368,015)
67,387
15,876
(368,015)
97,240
15,876
(74,198)
97,240

21.26
116.11
11.15
35.99
116.11
24.61
35.99
72.30
24.61
(5.47)
72.30
16.76
(5.47)
14.49
16.76
19.98
14.49
18.75
19.98
32.87
18.75
10.87
32.87
(14.17)
10.87
1.37
(14.17)
13.80
1.37
8.61
13.80
18.15
8.61
21.05
18.15
21.05
(8.62)
(11.12)
(8.62)
(21.89)
(11.12)

1,420,545
149,000
1,246,439
122,689
149,000
399,000
122,689
22,252
399,000
(603,228)
22,252
94,242
(603,228)
104,177
94,242
32,184
104,177
(100,810)
32,184
181,834
(100,810)
25,366
181,834
(15,364)
25,366
48,962
(15,364)
49,333
48,962
10,526
49,333
2,294
10,526
47,140
2,294
(221,772)
47,140
38,507
(221,772)
(13,577)
38,507
(77,192)
(13,577)

1,293,282
72,000
1,243,527
79,265
72,000
392,000
79,265
(67,379)
392,000
(732,337)
(67,379)
100,781
(732,337)
(91,396)
100,781
65,932
(91,396)
(280,643)
65,932
58,564
(280,643)
5,929
58,564
(82,761)
5,929
33,746
(82,761)
63,422
33,746
12,646
63,422
173
12,646
28,646
173
(346,443)
28,646
17,319
(346,443)
(56,649)
17,319
(60,088)
(56,649)

9.84
106.94
0.23
54.78
106.94
1.79
54.78
133.03
1.79
17.63
133.03
(6.49)
17.63
213.98
(6.49)
(51.19)
213.98
64.08
(51.19)
210.49
64.08
327.84
210.49
81.44
327.84
45.09
81.44
(22.22)
45.09
(16.76)
(22.22)
1,226.01
(16.76)
64.56
1,226.01
35.99
64.56
122.34
35.99
76.03
122.34
(28.46)
76.03

1,679,924
194,000
1,764,905
181,436
194,000
538,000
181,436
36,670
538,000
(603,228)
36,670
136,985
(603,228)
122,354
136,985
50,709
122,354
(142,013)
50,709
269,322
(142,013)
34,757
269,322
(18,437)
34,757
70,203
(18,437)
76,218
70,203
10,526
76,218
4,196
10,526
69,708
4,196
(221,772)
69,708
38,507
(221,772)
(13,577)
38,507
(77,192)
(13,577)

1,520,733
233,000
1,758,155
117,521
233,000
534,000
117,521
(82,052)
534,000
(732,337)
(82,052)
140,478
(732,337)
(92,994)
140,478
97,419
(92,994)
(414,737)
97,419
66,180
(414,737)
9,945
66,180
(120,568)
9,945
52,105
(120,568)
96,293
52,105
12,646
96,293
2,329
12,646
42,504
2,329
(346,443)
42,504
17,319
(346,443)
(56,649)
17,319
(60,088)
(56,649)

10.47
(16.74)
0.38
54.39
(16.74)
0.75
54.39
144.69
0.75
17.63
144.69
(2.49)
17.63
231.57
(2.49)
(47.95)
231.57
65.76
(47.95)
306.95
65.76
249.49
306.95
84.71
249.49
34.73
84.71
(20.85)
34.73
(16.76)
(20.85)
80.16
(16.76)
64.00
80.16
35.99
64.00
122.34
35.99
76.03
122.34
(28.46)
76.03

24

22

Capitalbank, SA (ex. International Commercial Bank, SA)

(90,440)

(74,198)

(21.89)

(77,192)

(60,088)

(28.46)

(77,192)

(60,088)

(28.46)

No que tange ao volume de negcios por trabalhador, o


destaque vai para empresa Global Alliance Seguros, SA com
um volume de negcio por trabalhador de MZN 27 milhes
(2012: MZN 21 milhes), Mozre Moambique Companhia
de Seguros, SA com um volume de negcios de MZN 25
milhes (2012: MZN 21 milhes) por trabalhador e pela
Hollard Moambique de Seguros, SA com cerca de MZN 18
milhes (2012: MZN 16,821 milhes) por trabalhador.

Custos Operacionais
Operating Cost
3
Meticais)
Custos (10
Operacionais
Operating
Cost
%13/12
2012
3
(10 Meticais)

2013

Resultados Lquidos
Net Profits
(103 Lquidos
Meticais)
Resultados
Profits
2012 3Net%13/12
(10 Meticais)

Rank
Empresa
Balano
/ Balance
Sheet
Rank
2013

2012

3,295
2012
2,422
3,295
4,469
2,422
5,824
4,469
21,824
5,824
13,556
21,824
2,563
13,556
1,489
2,563
16,821
1,489
2,062
16,821
4,190
2,062
1,946
4,190
4,446
1,946
21,690
4,446
1,130
21,690
1,156
1,130
12,179
1,156
1,650
12,179
9,698
1,650
4,579
9,698
919
4,579
574
919
801
574
662
801

5.48
%13/12
6.44
5.48
2.09
6.44
127.54
2.09
25.77
127.54
19.23
25.77
22.60
19.23
(7.97)
22.60
8.40
(7.97)
42.92
8.40
(3.75)
42.92
8.32
(3.75)
68.23
8.32
16.63
68.23
14.87
16.63
(3.38)
14.87
(31.75)
(3.38)
16.41
(31.75)
(39.84)
16.41
20.14
(39.84)
(7.52)
20.14
(6.20)
(7.52)
57.67
(6.20)
(33.19)
57.67

1
2013
2
1
3
2
4
3
5
4
6
5
7
6
8
7
9
8
10
9
11
10
12
11
13
12
14
13
15
14
16
15
17
16
18
17
19
18
20
19
21
20
22
21
23
22
24
23

1
2012
2
1
3
2
5
3
6
5
4
6
9
4
8
9
7
8
10
7
13
10
n.a
13
15
n.a
11
15
14
11
12
14
16
12
17
16
n.a
17
21
n.a
18
21
20
18
23
20
22
23

662

(33.19)

24

22

Custos e Rentabilidade / Operating Cost and Profit


Company
Empresa
Company

2
5
3
6
5
4
6
9
4
8
9
7
8
10
7
13
10
n.a
13
15
n.a
11
15
14
11
12
14
16
12
17
16
n.a
17
21
n.a
18
21
20
18
23
20
22
23

In terms of revenue per employee, prominence goes to


Global Alliance Seguros, SA with a revenue per employee
of MZN 27.447 million (2012: MZN 21 824 million), Mozre
Moambique Companhia de Seguros, SA with a revenue of
MZN 25,296 million (2012: MZN 21 690 million) per employee
and Hollard Moambique de Seguros, SA with MZN 18,235
million (2012: MZN 16.821 million) per employee.

Balano / Balance Sheet

Rank
Empresa e Trabalhadores / Revenue and Employees
Volume
de Negcios
Company
Empresa
Company

2
4
3
5
4
6
5
7
6
8
7
9
8
10
9
11
10
12
11
13
12
14
13
15
14
16
15
17
16
18
17
19
18
20
19
21
20
22
21
23
22
24
23

Resultados Antes dos Impostos


Income Before Taxes
(103 Impostos
Meticais)
Resultados Antes dos
Income
Taxes
%13/12
2012 Before
2013
3
(10 Meticais)

Company
Empresa
Company

2013

BIM - Banco Internacional de Moambique, SA

2013

Activo Corrente
Current Assets
(103 Corrente
Meticais)
Activo
Current
%13/12
2012 Assets
(103 Meticais)

2013

Passivo Total
Total Liabilities
3
(10
Meticais)
Passivo
Total
Total
Liabilities
%13/12
2012
(103 Meticais)

2013

Passivo Corrente
Current Liabilities
(103 Corrente
Meticais)
Passivo
Current
Liabilities
%13/12
2012
(103 Meticais)

Banco Comercial e de Investimentos (BCI), SA


BIM - Banco Internacional de Moambique, SA
Standard Bank, SARL
Banco Comercial e de Investimentos (BCI), SA
Emose - Empresa Moambicana de Seguros, SA
Standard Bank, SARL
Global Alliance Seguros, SA
Emose - Empresa Moambicana de Seguros, SA
Seguradora Internacional de Moambique (SIM), SA
Global Alliance Seguros, SA
Moza Banco, SA
Seguradora Internacional de Moambique (SIM), SA
Barclays Bank Moambique, SA
Moza Banco, SA
Hollard Moambique Companhia de Seguros , SARL
Barclays Bank Moambique, SA
FNB - First National Bank Moambique, SA
Hollard Moambique Companhia de Seguros , SARL
BancABC, SA
FNB - First National Bank Moambique, SA
Banco nico, SA
BancABC, SA
LETSHEGO - Financial Services Mozambique, SA
Banco nico, SA
Mozre - Moambique Resseguros, SA
LETSHEGO - Financial Services Mozambique, SA
Banco Procredit, SA
Mozre - Moambique Resseguros, SA
Socremo - Banco de Microfinanas, SA
Banco Procredit, SA
Banco Nacional de Investimentos, SA
Socremo - Banco de Microfinanas, SA
GAPI - Sociedade de Investimentos, SA
Banco Nacional de Investimentos, SA
Moambique Companhia de Seguros, S.A
GAPI - Sociedade de Investimentos, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Moambique Companhia de Seguros, S.A
Banco Terra, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Banco Oportunidade de Moambique, SARL
Banco Terra, SA
Banco Mercantil e de Investimentos (BMI), SA
Banco Oportunidade de Moambique, SARL
Capitalbank, SA (ex. International Commercial Bank, SA)
Banco Mercantil e de Investimentos (BMI), SA

85,428,239
2013
82,167,820
85,428,239
44,063,370
82,167,820
7,700,000
44,063,370
1,669,942
7,700,000
5,569,000
1,669,942
14,820,073
5,569,000
17,172,453
14,820,073
1,926,151
17,172,453
8,029,099
1,926,151
9,303,683
8,029,099
8,957,898
9,303,683
2,788,119
8,957,898
309,909
2,788,119
1,474,230
309,909
1,045,855
1,474,230
2,350,518
1,045,855
911,123
2,350,518
242,408
911,123
1,797,700
242,408
1,939,977
1,797,700
364,468
1,939,977
1,179,236
364,468
672,917
1,179,236

70,646,624
2012
68,094,227
70,646,624
42,400,315
68,094,227
5,484,000
42,400,315
1,066,572
5,484,000
5,145,000
1,066,572
8,689,027
5,145,000
16,156,608
8,689,027
1,295,917
16,156,608
5,807,154
1,295,917
6,284,852
5,807,154
6,879,165
6,284,852
1,570,868
6,879,165
372,108
1,570,868
1,491,749
372,108
967,491
1,491,749
2,815,703
967,491
969,099
2,815,703
204,596
969,099
1,434,172
204,596
1,972,671
1,434,172
367,094
1,972,671
1,064,830
367,094
805,361
1,064,830

20.92
%13/12
20.67
20.92
3.92
20.67
40.41
3.92
56.57
40.41
8.24
56.57
70.56
8.24
6.29
70.56
48.63
6.29
38.26
48.63
48.03
38.26
30.22
48.03
77.49
30.22
(16.72)
77.49
(1.17)
(16.72)
8.10
(1.17)
(16.52)
8.10
(5.98)
(16.52)
18.48
(5.98)
25.35
18.48
(1.66)
25.35
(0.72)
(1.66)
10.74
(0.72)
(16.45)
10.74

45,305,898
2013
34,571,939
45,305,898
30,335,478
34,571,939
1,824,000
30,335,478
1,442,630
1,824,000
5,524,000
1,442,630
7,856,814
5,524,000
10,804,977
7,856,814
1,905,956
10,804,977
4,476,103
1,905,956
8,812,284
4,476,103
8,812,284
541,808
285,650
541,808
1,045,964
285,650
709,025
1,045,964
495,916
709,025
240,378
495,916
195,052
240,378
1,750,475
195,052
1,398,063
1,750,475
293,503
1,398,063
70,279
293,503
539,267
70,279

39,554,787
2012
28,101,342
39,554,787
31,132,666
28,101,342
1,111,000
31,132,666
850,236
1,111,000
5,103,000
850,236
5,356,627
5,103,000
10,501,962
5,356,627
1,274,317
10,501,962
3,880,696
1,274,317
5,777,350
3,880,696
5,777,350
337,185
301,522
337,185
1,087,330
301,522
709,355
1,087,330
786,872
709,355
94,510
786,872
156,377
94,510
1,415,732
156,377
1,210,583
1,415,732
289,535
1,210,583
1,064,830
289,535
590,424
1,064,830

14.54
%13/12
23.03
14.54
(2.56)
23.03
64.18
(2.56)
69.67
64.18
8.25
69.67
46.67
8.25
2.89
46.67
49.57
2.89
15.34
49.57
52.53
15.34
52.53
60.69
(5.26)
60.69
(3.80)
(5.26)
(0.05)
(3.80)
(36.98)
(0.05)
154.34
(36.98)
24.73
154.34
23.64
24.73
15.49
23.64
1.37
15.49
(93.40)
1.37
(8.66)
(93.40)

71,190,217
2013
75,957,899
71,190,217
37,283,869
75,957,899
5,602,000
37,283,869
1,213,729
5,602,000
4,002,000
1,213,729
13,468,718
4,002,000
15,481,342
13,468,718
1,549,921
15,481,342
7,141,972
1,549,921
9,303,683
7,141,972
8,022,058
9,303,683
2,324,049
8,022,058
247,250
2,324,049
1,272,773
247,250
763,503
1,272,773
47,039
763,503
552,312
47,039
204,543
552,312
1,542,313
204,543
1,359,814
1,542,313
256,440
1,359,814
1,278,572
256,440
560,547
1,278,572

58,657,710
2012
62,896,678
58,657,710
36,216,497
62,896,678
3,671,000
36,216,497
736,510
3,671,000
3,740,000
736,510
7,366,501
3,740,000
13,619,450
7,366,501
1,014,181
13,619,450
5,199,035
1,014,181
6,284,852
5,199,035
5,845,215
6,284,852
1,410,002
5,845,215
333,383
1,410,002
1,276,319
333,383
734,100
1,276,319
209,906
734,100
620,813
209,906
169,026
620,813
1,225,785
169,026
1,500,671
1,225,785
261,269
1,500,671
1,169,449
261,269
698,299
1,169,449

121.37
%13/12
20.77
121.37
2.95
20.77
52.60
2.95
64.79
52.60
7.01
64.79
82.84
7.01
13.67
82.84
52.82
13.67
37.37
52.82
48.03
37.37
37.24
48.03
64.83
37.24
(25.84)
64.83
(0.28)
(25.84)
4.01
(0.28)
(77.59)
4.01
(11.03)
(77.59)
21.01
(11.03)
25.82
21.01
(9.39)
25.82
(1.85)
(9.39)
9.33
(1.85)
(19.73)
9.33

68,096,999
2013
41,044,752
68,096,999
35,920,213
41,044,752
829,000
35,920,213
1,137,783
829,000
308,000
1,137,783
12,299,964
308,000
12,637,820
12,299,964
588,399
12,637,820
7,098,201
588,399
8,458,336
7,098,201
8,458,336
99,102
247,134
99,102
1,153,553
247,134
734,784
1,153,553
18,785
734,784
221,194
18,785
204,543
221,194
304,778
204,543
1,163,604
304,778
207,839
1,163,604
487,702
207,839
560,547
487,702

55,617,772
2012
23,179,888
55,617,772
35,236,507
23,179,888
630,000
35,236,507
679,321
630,000
117,000
679,321
7,332,661
117,000
11,272,061
7,332,661
388,833
11,272,061
3,209,048
388,833
5,456,548
3,209,048
5,456,548
37,637
332,797
37,637
1,220,938
332,797
705,401
1,220,938
16,170
705,401
246,429
16,170
169,025
246,429
69,050
169,025
1,308,307
69,050
169,709
1,308,307
492,478
169,709
698,299
492,478

22.44
%13/12
77.07
22.44
1.94
77.07
31.59
1.94
67.49
31.59
163.25
67.49
67.74
163.25
12.12
67.74
51.32
12.12
121.19
51.32
55.01
121.19
55.01
163.31
(25.74)
163.31
(5.52)
(25.74)
4.17
(5.52)
16.17
4.17
(10.24)
16.17
21.01
(10.24)
341.39
21.01
(11.06)
341.39
22.47
(11.06)
(0.97)
22.47
(19.73)
(0.97)

Capitalbank, SA (ex. International Commercial Bank, SA)

672,917

805,361

(16.45)

539,267

590,424

(8.66)

560,547

698,299

(19.73)

560,547

698,299

(19.73)

Balano / Balance Sheet

Indicadores / Ratios

Prprios
Balano Capitais
/ Balance
Sheet

Rank
Empresa
Indicadores
/ Ratios

2013

Activo Lquido
Net Assets
(103 Meticais)
Activo
Lquido
Net Assets
%13/12
2012
(103 Meticais)

Shareholdersfunds
(103 Meticais)
Capitais
Prprios
Shareholdersfunds
2012 %13/12
(103 Meticais)

Banco Comercial e de Investimentos (BCI), SA


BIM - Banco Internacional de Moambique, SA
Standard Bank, SARL
Banco Comercial e de Investimentos (BCI), SA
Emose - Empresa Moambicana de Seguros, SA
Standard Bank, SARL
Global Alliance Seguros, SA
Emose - Empresa Moambicana de Seguros, SA
Seguradora Internacional de Moambique (SIM), SA
Global Alliance Seguros, SA
Moza Banco, SA
Seguradora Internacional de Moambique (SIM), SA
Barclays Bank Moambique, SA
Moza Banco, SA
Hollard Moambique Companhia de Seguros , SARL
Barclays Bank Moambique, SA
FNB - First National Bank Moambique, SA
Hollard Moambique Companhia de Seguros , SARL
BancABC, SA
FNB - First National Bank Moambique, SA
Banco nico, SA
BancABC, SA
LETSHEGO - Financial Services Mozambique, SA
Banco nico, SA
Mozre - Moambique Resseguros, SA
LETSHEGO - Financial Services Mozambique, SA
Banco Procredit, SA
Mozre - Moambique Resseguros, SA
Socremo - Banco de Microfinanas, SA
Banco Procredit, SA
Banco Nacional de Investimentos, SA
Socremo - Banco de Microfinanas, SA
GAPI - Sociedade de Investimentos, SA
Banco Nacional de Investimentos, SA
Moambique Companhia de Seguros, S.A
GAPI - Sociedade de Investimentos, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Moambique Companhia de Seguros, S.A
Banco Terra, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Banco Oportunidade de Moambique, SARL
Banco Terra, SA
Banco Mercantil e de Investimentos (BMI), SA
Banco Oportunidade de Moambique, SARL
Capitalbank, SA (ex. International Commercial Bank, SA)
Banco Mercantil e de Investimentos (BMI), SA

3,681,295
2013
3,483,047
3,681,295
2,493,120
3,483,047
3,166,000
2,493,120
2,288,666
3,166,000
1,858,000
2,288,666
1,051,800
1,858,000
(1,635,271)
1,051,800
429,592
(1,635,271)
654,332
429,592
519,967
654,332
685,433
519,967
102,241
685,433
445,875
102,241
326,988
445,875
215,428
326,988
160,682
215,428
194,108
160,682
130,483
194,108
81,572
130,483
0
81,572
14,508
0
86,431
14,508
(90,440)
86,431

3,455,670
2012
2,872,471
3,455,670
2,242,963
2,872,471
1,465,000
2,242,963
1,682,929
1,465,000
1,491,000
1,682,929
610,464
1,491,000
(1,550,427)
610,464
367,913
(1,550,427)
571,530
367,913
433,364
571,530
577,212
433,364
76,949
577,212
402,156
76,949
380,951
402,156
212,521
380,951
141,198
212,521
178,721
141,198
110,441
178,721
67,387
110,441
(368,015)
67,387
15,876
(368,015)
97,240
15,876
(74,198)
97,240

6.53
%13/12
21.26
6.53
11.15
21.26
116.11
11.15
35.99
116.11
24.61
35.99
72.30
24.61
(5.47)
72.30
16.76
(5.47)
14.49
16.76
19.98
14.49
18.75
19.98
32.87
18.75
10.87
32.87
(14.17)
10.87
1.37
(14.17)
13.80
1.37
8.61
13.80
18.15
8.61
21.05
18.15
21.05
(8.62)
(11.12)
(8.62)
(21.89)
(11.12)

3,302,890
2013
1,420,545
3,302,890
1,246,439
1,420,545
149,000
1,246,439
122,689
149,000
399,000
122,689
22,252
399,000
(603,228)
22,252
94,242
(603,228)
104,177
94,242
32,184
104,177
(100,810)
32,184
181,834
(100,810)
25,366
181,834
(15,364)
25,366
48,962
(15,364)
49,333
48,962
10,526
49,333
2,294
10,526
47,140
2,294
(221,772)
47,140
38,507
(221,772)
(13,577)
38,507
(77,192)
(13,577)

2,978,404
2012
1,293,282
2,978,404
1,243,527
1,293,282
72,000
1,243,527
79,265
72,000
392,000
79,265
(67,379)
392,000
(732,337)
(67,379)
100,781
(732,337)
(91,396)
100,781
65,932
(91,396)
(280,643)
65,932
58,564
(280,643)
5,929
58,564
(82,761)
5,929
33,746
(82,761)
63,422
33,746
12,646
63,422
173
12,646
28,646
173
(346,443)
28,646
17,319
(346,443)
(56,649)
17,319
(60,088)
(56,649)

(10.89
%13/12
9.84
(10.89
0.23
9.84
106.94
0.23
54.78
106.94
1.79
54.78
133.03
1.79
17.63
133.03
(6.49)
17.63
213.98
(6.49)
(51.19)
213.98
64.08
(51.19)
210.49
64.08
327.84
210.49
81.44
327.84
45.09
81.44
(22.22)
45.09
(16.76)
(22.22)
1,226.01
(16.76)
64.56
1,226.01
35.99
64.56
122.34
35.99
76.03
122.34
(28.46)
76.03

3,894,916
2013
1,679,924
3,894,916
1,764,905
1,679,924
194,000
1,764,905
181,436
194,000
538,000
181,436
36,670
538,000
(603,228)
36,670
136,985
(603,228)
122,354
136,985
50,709
122,354
(142,013)
50,709
269,322
(142,013)
34,757
269,322
(18,437)
34,757
70,203
(18,437)
76,218
70,203
10,526
76,218
4,196
10,526
69,708
4,196
(221,772)
69,708
38,507
(221,772)
(13,577)
38,507
(77,192)
(13,577)

3,501,704
2012
1,520,733
3,501,704
1,758,155
1,520,733
233,000
1,758,155
117,521
233,000
534,000
117,521
(82,052)
534,000
(732,337)
(82,052)
140,478
(732,337)
(92,994)
140,478
97,419
(92,994)
(414,737)
97,419
66,180
(414,737)
9,945
66,180
(120,568)
9,945
52,105
(120,568)
96,293
52,105
12,646
96,293
2,329
12,646
42,504
2,329
(346,443)
42,504
17,319
(346,443)
(56,649)
17,319
(60,088)
(56,649)

11.23
%13/12
10.47
11.23
0.38
10.47
(16.74)
0.38
54.39
(16.74)
0.75
54.39
144.69
0.75
17.63
144.69
(2.49)
17.63
231.57
(2.49)
(47.95)
231.57
65.76
(47.95)
306.95
65.76
249.49
306.95
84.71
249.49
34.73
84.71
(20.85)
34.73
(16.76)
(20.85)
80.16
(16.76)
64.00
80.16
35.99
64.00
122.34
35.99
76.03
122.34
(28.46)
76.03

14,238,022
2013
6,209,921
14,238,022
6,779,501
6,209,921
2,098,000
6,779,501
456,213
2,098,000
1,567,000
456,213
1,351,355
1,567,000
1,691,111
1,351,355
376,230
1,691,111
887,127
376,230
721,142
887,127
935,841
721,142
464,070
935,841
62,659
464,070
201,456
62,659
282,353
201,456
2,303,479
282,353
358,810
2,303,479
37,865
358,810
255,386
37,865
580,163
255,386
108,028
580,163
(99,336)
108,028
112,370
(99,336)

11,988,914
2012
5,197,549
11,988,914
6,183,818
5,197,549
1,813,000
6,183,818
330,062
1,813,000
1,405,000
330,062
1,322,525
1,405,000
2,537,158
1,322,525
281,736
2,537,158
608,119
281,736
721,924
608,119
1,033,951
721,924
160,866
1,033,951
38,726
160,866
215,430
38,726
233,391
215,430
2,605,797
233,391
348,285
2,605,797
35,571
348,285
208,387
35,571
472,000
208,387
105,825
472,000
(104,619)
105,825
107,062
(104,619)

18.76
%13/12
19.48
18.76
9.63
19.48
15.72
9.63
38.22
15.72
11.53
38.22
2.18
11.53
(33.35)
2.18
33.54
(33.35)
45.88
33.54
(0.11)
45.88
(9.49)
(0.11)
188.48
(9.49)
61.80
188.48
(6.49)
61.80
20.98
(6.49)
(11.60)
20.98
3.02
(11.60)
6.45
3.02
22.55
6.45
22.92
22.55
2.08
22.92
5.05
2.08
4.96
5.05

Capitalbank, SA (ex. International Commercial Bank, SA)

(90,440)

(74,198)

(21.89)

(77,192)

(60,088)

(28.46)

(77,192)

(60,088)

(28.46)

112,370

107,062

4.96

Rank
2013

2012

1
2013
2
1
3
2
4
3
5
4
6
5
7
6
8
7
9
8
10
9
11
10
12
11
13
12
14
13
15
14
16
15
17
16
18
17
19
18
20
19
21
20
22
21
23
22
24
23

1
2012
2
1
3
2
5
3
6
5
4
6
9
4
8
9
7
8
10
7
13
10
n.a
13
15
n.a
11
15
14
11
12
14
16
12
17
16
n.a
17
21
n.a
18
21
20
18
23
20
22
23

24

22

Company
Empresa
Company

BIM - Banco Internacional de Moambique, SA

Rent VN
Profits/Revenue
Rent (%)
VN
Profits/Revenue
2013
2012
(%)

Rent. A. Liq.
Rent. Net Asset
(%)
Rent. A. Liq.
Rent.
2013 Net Asset
2012
(%)

Rent. C. P.
S/hs Funds
(%)
Rent. C.
P.
2012
2013 S/hs Funds
(%)

Liquidez Geral
Current Ratio
(%)
Liquidez Geral
Current Ratio
2012
2013
(%)

Banco Comercial e de Investimentos (BCI), SA


BIM - Banco Internacional de Moambique, SA
Standard Bank, SARL
Banco Comercial e de Investimentos (BCI), SA
Emose - Empresa Moambicana de Seguros, SA
Standard Bank, SARL
Global Alliance Seguros, SA
Emose - Empresa Moambicana de Seguros, SA
Seguradora Internacional de Moambique (SIM), SA
Global Alliance Seguros, SA
Moza Banco, SA
Seguradora Internacional de Moambique (SIM), SA
Barclays Bank Moambique, SA
Moza Banco, SA
Hollard Moambique Companhia de Seguros , SARL
Barclays Bank Moambique, SA
FNB - First National Bank Moambique, SA
Hollard Moambique Companhia de Seguros , SARL
BancABC, SA
FNB - First National Bank Moambique, SA
Banco nico, SA
BancABC, SA
LETSHEGO - Financial Services Mozambique, SA
Banco nico, SA
Mozre - Moambique Resseguros, SA
LETSHEGO - Financial Services Mozambique, SA
Banco Procredit, SA
Mozre - Moambique Resseguros, SA
Socremo - Banco de Microfinanas, SA
Banco Procredit, SA
Banco Nacional de Investimentos, SA
Socremo - Banco de Microfinanas, SA
GAPI - Sociedade de Investimentos, SA
Banco Nacional de Investimentos, SA
Moambique Companhia de Seguros, S.A
GAPI - Sociedade de Investimentos, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Moambique Companhia de Seguros, S.A
Banco Terra, SA
Cooperativa de Poupana e Crdito (CPC), SCRL
Banco Oportunidade de Moambique, SARL
Banco Terra, SA
Banco Mercantil e de Investimentos (BMI), SA
Banco Oportunidade de Moambique, SARL
Capitalbank, SA (ex. International Commercial Bank, SA)
Banco Mercantil e de Investimentos (BMI), SA

41.08
2013
27.36
41.08
27.18
27.36
3.43
27.18
4.97
3.43
16.85
4.97
1.86
16.85
(50.52)
1.86
8.91
(50.52)
13.17
8.91
4.28
13.17
(16.43)
4.28
33.08
(16.43)
5.28
33.08
(3.66)
5.28
13.14
(3.66)
20.82
13.14
4.53
20.82
1.12
4.53
31.16
1.12
(165.71)
31.16
31.39
(165.71)
(18.87)
31.39
(210.23)
(18.87)

39.93
2012
29.59
39.93
28.75
29.59
3.69
28.75
4.40
3.69
19.74
4.40
(11.23)
19.74
(56.57)
(11.23)
12.48
(56.57)
(17.84)
12.48
11.00
(17.84)
(116.29)
11.00
23.73
(116.29)
1.44
23.73
(19.00)
1.44
9.05
(19.00)
26.70
9.05
6.61
26.70
0.11
6.61
26.07
0.11
(237.88)
26.07
14.14
(237.88)
(118.94)
14.14
(107.39)
(118.94)

3.87
2013
1.73
3.87
2.83
1.73
1.94
2.83
7.35
1.94
7.16
7.35
0.15
7.16
(3.51)
0.15
4.89
(3.51)
1.30
4.89
0.35
1.30
(1.13)
0.35
6.52
(1.13)
8.19
6.52
(1.04)
8.19
4.68
(1.04)
2.10
4.68
1.16
2.10
0.95
1.16
2.62
0.95
(11.43)
2.62
10.57
(11.43)
(1.15)
10.57
(11.47)
(1.15)

4.22
2012
1.90
4.22
2.93
1.90
1.31
2.93
7.43
1.31
7.62
7.43
(0.78)
7.62
(4.53)
(0.78)
7.78
(4.53)
(1.57)
7.78
1.05
(1.57)
(4.08)
1.05
3.73
(4.08)
1.59
3.73
(5.55)
1.59
3.49
(5.55)
2.25
3.49
1.30
2.25
0.08
1.30
2.00
0.08
(17.56)
2.00
4.72
(17.56)
(5.32)
4.72
(7.46)
(5.32)

25.19
2013
24.91
25.19
19.23
24.91
7.62
19.23
31.21
7.62
26.85
31.21
1.66
26.85
(28.53)
1.66
28.65
(28.53)
13.93
28.65
4.46
13.93
(10.24)
4.46
58.19
(10.24)
50.04
58.19
(7.37)
50.04
18.99
(7.37)
2.01
18.99
2.98
2.01
6.25
2.98
20.33
6.25
(42.16)
20.33
36.01
(42.16)
13.31
36.01
(70.36)
13.31

26.92
2012
28.05
26.92
21.84
28.05
4.20
21.84
30.65
4.20
29.63
30.65
(5.87)
29.63
(34.13)
(5.87)
45.32
(34.13)
(15.59)
45.32
9.79
(15.59)
(54.29)
9.79
48.17
(54.29)
16.07
48.17
(36.36)
16.07
15.59
(36.36)
2.68
15.59
3.70
2.68
0.97
3.70
13.48
0.97
(87.66)
13.48
17.61
(87.66)
194.56
17.61
(43.76)
194.56

0.67
2013
0.84
0.67
0.84
0.84
2.20
0.84
1.27
2.20
17.94
1.27
0.64
17.94
0.85
0.64
3.24
0.85
0.63
3.24
1.04
0.63
1.04
5.47
1.16
5.47
0.91
1.16
0.96
0.91
26.40
0.96
1.09
26.40
0.95
1.09
5.74
0.95
1.20
5.74
1.41
1.20
0.14
1.41
0.96
0.14

0.71
2012
1.21
0.71
0.88
1.21
1.76
0.88
1.25
1.76
43.62
1.25
0.73
43.62
0.93
0.73
3.28
0.93
1.21
3.28
1.06
1.21
1.06
8.96
0.91
8.96
0.89
0.91
1.01
0.89
48.66
1.01
0.38
48.66
0.93
0.38
20.50
0.93
0.93
20.50
1.71
0.93
2.16
1.71
0.85
2.16

Capitalbank, SA (ex. International Commercial Bank, SA)

(210.23)

(107.39)

(11.47)

(7.46)

(70.36)

(43.76)

0.96

0.85

Balano / Balance Sheet


Rank

Empresa

Rank

Empresa
Company

/ Balance Sheet
80Balano
/ A dcima
sexta edio / The sixteenth edition
Company
2013

2012

2013

Activo Lquido
Net Assets
(103 Meticais)
Activo
Lquido
Net Assets
2012
%13/12
(103 Meticais)

2013

Activo Corrente
Current Assets
(103 Corrente
Meticais)
Activo
Current
Assets
%13/12
2012
3
(10 Meticais)

2013

Passivo Total
Total Liabilities
3
(10
Meticais)
Passivo
Total
Total
Liabilities
%13/12
2012
3
(10 Meticais)

2013

Passivo Corrente
Current Liabilities
(103 Corrente
Meticais)
Passivo
Current
Liabilities
%13/12
2012
3
(10 Meticais)

The sixteenth edition / A dcima sexta edio / 81

Agricultura8
e Pescas
Agriculture and
Fisheries
Por/By: CelsoTamele

(i) Desenvolvimentos recentes do sector aos nveis global, regional e nacional;

(ii) Agricultura na economia de Moambique


(por ex. sua contribuio para o PIB);

(ii)Agriculture in the Mozambican economy (i.e.


contribution to the GDP);

Historicamente, o sector da agricultura e pescas


considerado de capital importncia para a economia de
Moambique, constituindo fonte de rendimentos para 70%
da populao do pas que se dedica a agricultura, silvicultura
e pescas. A anlise dos dados de desempenho econmico
dos ltimos 10 anos permite visualizar uma tendncia de
crescimento da contribuio percentual deste sector para o
PIB do pas, a qual se manteve acima dos 22% nos ltimos 10
anos e acima dos 29% nos ltimos 4 anos (Grfico 1).

Historically, the agriculture and fisheries sector is considered to


be of prime importance for the Mozambican economy, being the
source of income for 70% of the countrys population working
in agriculture, forestry and fisheries. An analysis of economic
performance data over the past 10 years shows an upward trend
for the percentage contribution of this sector to the countrys
GDP, this has remained above 22% for the last 10 years and
above 29% for the last 4 years (graph 1).

Segundo as estatsticas da FAO mais de 3 bilhes de pessoas vivem nas zonas rurais, das quais 2.5 bilhes dependem da agricultura
para a sua subsistncia. Deste modo este sector representa um potencial enorme para o desenvolvimento econmico, especialmente
para os pases em desenvolvimento (FAO, 2013). No geral, o desempenho deste sector difere entre os pases com diferentes
nveis de desenvolvimento, e tem-se verificado uma tendncia crescente do volume de exportaes provenientes dos pases em
desenvolvimento, destinadas a suprir as necessidades das economias que no so dominadas pelo sector agrrio.

Contribuio do sector da Agricultura e Pescas no PIB de Moambique (2004-2013) /


Contribuition of agriculture and fisheries to Mozambiques GDP

35
30
25

According to FAO statistics more than 3 billion people live in rural areas, of these 2.5 billion depend on agriculture for their livelihood.This
sector therefore represents a great potential for economic development, especially for developing countries (FAO, 2013). In general, the
performance of this sector differs for countries at different levels of development and there has been a trend for increases in the volume
of exports from developing countries to meet the needs of economies that are not dominated by the agricultural sector.

20

82 / A dcima sexta edio / The sixteenth edition

FAO predicted an increase of 5.8% for the economies of


developing countries for the year 2013 (FAO, 2013). However, as
this sector dominates these economies, predictions reflect the
volatile economic performance associated with dependence
on weather conditions and productivity. This analysis is
especially true for the Sub-Saharan African countries, where
the agriculture sector employs about 65% of the existing work
force and also makes up a relatively high proportion of the GDP.
The productivity in this sector is relatively low in comparison
to other continents and also in relation to the existing potential
(AGRA, 2013).
According to the African Development Bank (ADB), the year
2013 closed on a positive note for Southern Africa despite
decreases in growth projections observed in almost half of the
countries in the region. The agriculture sector has contributed
to this evaluation of performance in differing ways. In Angola,
the positive economic growth resulted from robust growth
in sectors such as agriculture. South Africa is an example
of a country which ended the year with lower growth even
though the agricultural sector has shown improvement as a
result of increased productivity. For Mozambique, although
the agricultural sector has developed, its relative impact on
economic growth was overshadowed by developments in
other sectors such as the extractive industry, transport and
communications. (AFDB, 2013).

i)Recent developments in the sector at the global, regional and national level;

A FAO previa, para o ano de 2013, um crescimento


de 5.8% para as economias dos pases em vias de
desenvolvimento (FAO, 2013). Porm, por este sector
dominar estas economias, as previses transpareceram
desempenhos econmicos volteis associados a
dependncia nas condies climatricas e produtividade.
Esta anlise aplica-se aos pases da frica Sub-sahariana,
onde o sector da Agricultura emprega cerca de 65% da
fora de trabalho existente e ainda contribui com uma
percentagem relativamente elevada no PIB. No mbito
da produtividade do sector, esta encontra-se subutilizada
em comparao aos outros continentes e tambm em
relao ao potencial existente (AGRA, 2013).
Segundo o Banco Africano para o Desenvolvimento
(BAD), o ano de 2013 fechou com uma nota positiva para
a Africa Austral no obstante as descidas nas projeces
de crescimento observadas em quase metade dos pases
abrangidos. O sector da agricultura contribuiu para
esta avaliao de desempenho de forma diferenciada.
Angola apresentou um crescimento econmico positivo
resultante do crescimento robusto em sectores como
o da agricultura. A frica do Sul exemplo de um pas
que terminou o ano com um crescimento reduzido
embora o sector da agricultura tenha apresentado
melhoria como resultado do aumento da produtividade.
Para Moambique, embora o sector agrcola se tenha
desenvolvido, o seu impacto relativo no crescimento
econmico foi ofuscado pelo desenvolvimento de outros
sectores como o da indstria extractiva, transportes e
comunicaes. (AFDB, 2013).

Recent developments in the agricultural sector of Mozambique


include the initiatives for production of agricultural raw materials
to be used for biofuel production. This trend points towards
growth of this sector in terms of production and productivity.
However, there are discussions in national and international
forums on the impact that the production will have on food
security, as several food crops are considered potential crops
for biofuel production.

Os desenvolvimentos recentes no sector agrcola de


Moambique incluem o surgimento de iniciativas de
produo de matrias-primas agrcolas para a produo de
biocombustveis. Esta tendncia permite prever o crescimento
deste sector em termos de produo e produtividade. Porm
discute-se em fruns nacionais e internacionais o impacto
que a produo ter na segurana alimentar, a medida que
vrias culturas alimentares so consideradas potenciais para a
produo de biocombustveis.

15
10
5
0

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Percentagem anual do PIB (%)

Fonte: Banco de Moambique; EPAU-UNDP, SADC, Index Mundi. Source: Bank of Mozambique, EPAU-UNDP, SADC, Index Mundi

________________________________________________________________________________
8

Artigo escrito com base nas seguintes referncias:


AFDB. (2013). Southern Africa Quarterly Overview and Analysis - 4th quarter 2013. Southern Africa
Quarterly Overview and Analysis (No 11).
AGRA. (2013). Africa Agriculture Status Report: Focus on Staple Crops. Alliance for a Green
Revolution in Africa,
Nairobi, Kenya.
EPAU-UNDP, Mozambique quick facts 2011 e 2012;
Banco de Moambique, relatrios anuais de 2003 a 2011
CPI - Centro de Promoo de Investimento, Dados de Projectos Aprovados, 2002-2013. Maputo.
FAO. (2013). FAO Statistical Yearbook. Rome.
FAO. (2010). Global Forest Resources Assessment. Rome: FAO.
FAO. (2013). World Economic Situation and Prospects 2013. Rome.
Index Mundi (2014), http://www.indexmundi.com/mozambique/economy_profile.html
MINAG. (2010). Plano Estratgico para o Desenvolvimento do Sector Agrrio - PEDSA 2010-2019.
Maputo: Ministrio da Agricultura de Moambique.
MP. (2010). Plano Director das Pescas - PDP 2010-2010. Maputo: Ministrio das Pescas de
Moambique.
MPD(a) (2013) Avaliao Final dos PAPs ao Desempenho do Governo de Moambique em 2012.
MPD(b). (2013). Balano do Plano Econmico e Social de 2013. Maputo: Ministrio da Planificao e
Desenvolvimento.
MPD (2009,2010,2011,2012), Balano do Plano Econmico e Social.Ministrio da Planificao e
Desenvolvimento
SADC. (2012). Regional Agricultural Policy - Priority Policy Issues and Interventions. GaboroneBotswana:
United Nations. (2013). World Economic Situation and Prospects - Global Outlook.

________________________________________________________________________________
8

Article based on the following references:


AFDB. (2013). Southern Africa Quarterly Overview and Analysis-4th quarter 2013. Southern
Africa Quarterly Overview and Analysis (No 11).
AGRA. (2013) Africa Agriculture Status Report: Focus on Staple Crops. Alliance for a Green
Revolution in Africa,
Nairobi, Kenya.
EPAU-UNDP, Mozambique quick facts 2011 and 2012;
Banco de Moambique, annual reports from 2003 to 2011
CPI-Centre for Investment Promotion, data on approved projects, 2002-2013. Maputo.
FAO. (2013). FAO Statistical Yearbook. Rome.
FAO. (2010). Global Forest Resources Assessment. Rome: FAO.
FAO. (2013). World Economic Situation and Prospects 2013. Rome.
IndexMundi (2014), http://www.indexmundi.com/mozambique/economy_profile.html
MINAG. (2010). strategic plan for the development of the Agriculture Sector-PEDSA 2010-2019.
Maputo: Ministry of Agriculture, Mozambique.
MP. (2010). Fisheries master plan - PDP 2010. Maputo: Ministry of Fisheries, Mozambique.
MPD (a) (2013) Final evaluation of the PAPs on the performance of the Government of
Mozambique in 2012.
MPD (b). (2013). Assessment of the Economic and Social Plan 2013. Maputo: Ministry of
Planning and Development.
MPD (2009, 2010, 2011, 2012), Assessment of the Economic and Social Plan. Ministry of
Planning and Development
SADC. (2012). Regional Agricultural Policy- Priority Policy Issues and Interventions. GaboroneBotswana:
United Nations. (2013). World Economic Situation and Prospects-Global Outlook.

The sixteenth edition / A dcima sexta edio / 83

Nmero de Projectos aprovados anualmente de 2002 a 2013 /


Number of projects approved annually 2002-2013

60
50

# de Projectos

40
30
20
10
0

2002

2003

2004

2005

2006

2007

Agricultura e Agro-Indstria

2008

2009

2010

2011

2012

2013

Aquacultura e Pescas

Fonte: CPI. Source: CPI

Os Parceiros de Apoio Programtico (PAPs) consideram


satisfatrio o desempenho global do Governo para o
objectivo do Aumento da Produo e Produtividade
Agrria e Pesqueira para 2012/13. Segundo a avaliao
dos PAPs este desempenho traduziu-se num crescimento
do valor acrescentado de 7.1% e 7.0% para o sector
agrcola e das pescas respectivamente (MPD(a), 2013).

Partners for Programme Aid (PAPs) consider the overall


performance of the Government in relation to the objective
of increasing Agricultural and Fisheries production and
productivity for 2012/13 to be satisfactory. According to
the evaluation of the PAPs this performance resulted into
growth of 7.1% and 7.0% for the agricultural and fisheries
sector respectively (MPD (a), 2013).

A avaliao do Governo para o mesmo perodo mostra


que a agricultura enfrentou como um dos principais
desafios a ocorrncia de condies adversas como a
estiagem e cheias. Para o perodo 2012/13, a ocorrncia
de estiagem nos meses de Novembro e Dezembro e
inundaes em Janeiro no sul e centro do Pas foi um
obstculo que resultou na perda de 4% do total da rea
semeada. Contudo, a poca foi considerada boa para
todas as culturas alimentares exceptuando o arroz que
apresentou uma ligeira reduo da produo.

The Government assessment for the same period shows


that one of the main challenges facing agriculture was the
occurrence of adverse conditions such as drought and
floods. During 2012/13, the occurrence of drought in the
months of November and December and floods in January
in the south and centre of the country was a hindrance
which resulted in the loss of 4% of the total area sown.
However, the season was considered good for all food
crops except rice, which showed a slight reduction in
production.

Rendimento de algumas culturas alimentares de 2009 a 2013 / Food crop production 2009 to 2013

2,500,000
2,000,000

Toneladas / Tonnes

The short and medium term development objectives for


Mozambiques agriculture and fisheries sectors are defined
in the Strategic Plan for the development of the Agriculture
Sector-PEDSA (MINAG, 2010) and the Fisheries master
plan-PDP (MP, 2010). These two regulatory documents cover
the time horizon from 2010 to 2019 and establish as general
targets a 7% annual growth for the agriculture sector and
production of 300 thousand tons of fish for the fisheries
sector. These must be achieved through a mix of public and
private investment. As a result the growth of the agriculture
and fisheries sector is linked with the emergence of projects
in the areas of agricultural production, agro-industry,
aquaculture and fisheries. The upward trend is most striking
for projects developed in the area of agricultural production
and agro-industry.

2010

2011

2012

2013

1,500,000
1,000,000
500,000
0

Mapira

Mexoeira

Arroz

Trigo

Feijes

Amendoim

A mesma avaliao aplicada as culturas de rendimento com


a excepo da reduo na produo do algodo e cana-deacar em 63% e 7% respectivamente, quando comparados a
poca anterior (MPD(b), 2013).

The same assessment applies to cash crops with the


exception of reductions in the production of cotton and
sugarcane of 63% and 7% respectively, compared to the
previous season (MPD (b), 2013).

Segundo o balano do Plano Econmico e Social (PES) de 2013


o ramo pecurio colheu os frutos dos programas de fomento
pecurio e de preveno das principais doenas reflectindo-se
num aumento de 6.9% no valor de produo. Porm, ramos
especficos da avicultura como o da produo de ovos ainda
se ressentem da competio com as importaes de outros
pases. A ttulo de exemplo o relatrio de balano do PES 2013
aponta que os produtores de Maputo tem reduzido o mpeto
na produo como resultado das importaes provenientes da
frica do Sul e Suazilndia.

According to the evaluation of the Economic and Social Plan


(PES) for 2013 the livestock industry reap the rewards of
programmes for livestock development and prevention of
the main diseases reflected in a 6.9% increase in the value
of production. However, specific branches of poultry farming
such as egg production still suffer from competition from
imports from other countries. For example the 2013 PES
evaluation report indicates that eggs production in Maputo,
slowed down as a result of imports from South Africa and
Swaziland.

O sector das florestas de capital importncia onde,


segundo o mais recente inventrio florestal, 24% do pas
est coberto por floresta apta para produo de madeira.
O desflorestamento um dos principais constrangimentos
enfrentados por este sector, fenmeno causado pela aco
do homem atravs das queimadas descontroladas, corte para
produo de lenha, corte para abertura de novas reas de
cultivo e corte para produo de madeira (FAO, 2010).

The forestry sector is of prime importance as according to the


most recent forest inventory 24% of the country is covered
by forest suitable for timber production. Deforestation is one
of the main constraints faced by this sector, a phenomenon
caused by the action of human beings through uncontrolled
burning of trees and logging for firewood and wood
production and to open new areas for cultivation (FAO, 2010).

A explorao de recursos florestais tem sido sujeita a


averiguao devido a ocorrncia de casos reportados de
exportaes ilegais de espcies florestais com valor comercial.
A reclassificao de algumas espcies para espcies de
primeira classe e a imposio de emisso de licenas de
explorao dentro das normas resultou na reduo da
explorao florestal em 4% (MPD(b), 2013).
O sector das pescas, para o ano 2012/13, apresentou uma
dinmica variada para os subgrupos da pesca comercial,
pesca artesanal e aquacultura que traduziram-se num
crescimento geral da produo pesqueira em 3.7%.

The exploration of forest resources has been subject to


investigation due to reported cases of illegal exports of
species of trees with commercial value. The reclassification of
some species as first class species and the imposition of the
emission of exploration licenses resulted in the reduction of
forest exploration by 4% (MPD (b), 2013).
In 2012/13 the fisheries sector showed varying dynamics
for the subsets of commercial fishing, artisanal fishing
and aquaculture that resulted in overall growth in fishing
production of 3.7%.

Peca Comercial - Produo de Pescado diverso 2009 - 2013 / Total yield from commercial fishing from 2009 to 2013

7000

2009

6000

2010

2011

2012

2013

5000
4000
3000
2000
1000
0

84 / A dcima sexta edio / The sixteenth edition

2009

Milho

Toneladas / Tonnes

Os objectivos de desenvolvimento a curto e mdio prazo


para o sector de agricultura e pescas de Moambique
constam do Plano Estratgico para o Desenvolvimento do
Sector Agrrio - PEDSA (MINAG, 2010) e o Plano Director
das Pescas - PDP (MP, 2010). Estes dois documentos
reguladores cobrem o horizonte temporal de 2010 a 2019
e estabelecem como metas gerais um crescimento anual
de 7% para o sector da agricultura e uma produo de 300
mil toneladas de pescado para o sector de pescas, as quais
devero ser alcanados atravs de uma miscelnea de
investimentos pblicos e privados. Assim, o crescimento
do sector da agricultura e pescas acompanhado
pelo surgimento de projectos nas reas de produo
agrcola, agroindstria, aquacultura e pescas. A tendncia
de crescimento mais flagrante para os projectos
desenvolvidos na rea de produo agrcola e agroindstria.

Lagosta

Caranguejo

Gamba

Peixe

Camaro

Lagostim

Cefalopodes

Kapenta

The sixteenth edition / A dcima sexta edio / 85

Pesca Comercial - Produo de Kapenta 2009 - 2013 / Kapenta yield from commercial fishing from 2009 to 2013

Kapenta

20000

Toneladas / Tonnes

18000
16000
14000
12000
10000
8000
6000
4000
2000
0

2009

2010

2011

2012

2013

Pesca Artesanal - Produo de Pescado diverso 2009 - 2013 / Yield from artisanal fishing from 2009 to 2013

10000

2009

Toneladas / Tonnes

9000

2010

2011

2012

2013

8000

Data from the survey indicate that this sector had the
participation of 4 companies of which 2 are listed in Top 100
Companies of Mozambique. Prominence goes to Terra Nova,
Lda participating for the first time in the research. These
companies generated a revenue of MZN 7,165 million, being
MZN 6,941 million (96.66%) belonging to the companies
listed in the ranking.

O desempenho das empresas participantes neste sector


conduziu a obteno de um resultado lquido de MZN
508 milhes (2012: MZN 253 milhes). Neste critrio
destaca-se a empresa Mozambique Leaf Tobacco, Lda
com MZN 428 milhes, um crescimento na ordem de
83% em relao a 2012.

The performance of the participating companies in this


sector has led the achieving of a net profit of MZN 508 million
(2012: MZN 253 million). In this criterion prominence goes to
Mozambique Leaf Tobacco, Lda to MZN 428 million, a growth
of 83% compared to 2012.

A Mozambique Leaf Tobacco, Lda foi a empresa com


mais trabalhadores empregues em 2013, com cerca de
5,324 trabalhadores (2012: 4,506). No total, este sector
empregou cerca de 5,894 trabalhadores, um crescimento
de 17.5% em relao a edio anterior. A Mozambique
Leaf Tobacco, Lda, registou tambm o maior volume
de negcio por trabalhador na ordem dos MZN 1,324
milhes em relao ao ano anterior (2012: 1,209).

Mozambique Leaf Tobacco, Lda was the company with


more employed workers in 2013, with 5,324 employees
(2012: 4,506). In total, this sector employed around 5,894
employees, an increase of 17.5% compared to the previous
edition. This company has also registered the highest revenue
per employee of MZN 1,324 million in the previous year (2012:
MZN 1,209 million).

7000
6000
5000

Volume de Negcios e Trabalhadores / Revenue and Employees

4000

Rank
Empresa e Trabalhadores / Revenue and Employees
Volume
de Negcios

3000

Rank
Empresa e Trabalhadores / Revenue and Employees
Volume
de Negcios

2000

Rank
Empresa e Trabalhadores / Revenue and Employees
Volume
de Negcios

1000

Empresa
SAN
- Sociedade Algodoeira do Niassa - JFS, SARL
Mozambique
Company Leaf Tobacco, Lda
Sociedade Industrial de Pesca (SIP), Lda
SAN - Sociedade Algodoeira do Niassa - JFS, SARL
Mozambique
Leaf Tobacco, Lda
Terra Nova, Lda
Sociedade Industrial de Pesca (SIP), Lda
SAN
- Sociedade
do Niassa - JFS, SARL
Mozambique
LeafAlgodoeira
Tobacco, Lda
Terra Nova, Lda
Sociedade
Industrial
de Pesca
Lda- JFS, SARL
SAN - Sociedade
Algodoeira
do(SIP),
Niassa
Custos e Rentabilidade
/ Operating
Cost
and Profit
Terra Nova,Industrial
Lda
4
n.a
Sociedade
de Pesca (SIP), Lda
3
3

Company

Lagosta

Caranguejo

Camaro

Acetes

Cefalopodes

Tubaro

Outros

Fauna
acompanhante

2013

2012

1
2013
Rank
2
1
2013
3
2
1
4
2013
3
2
1
4
3
2

1
2012
2
1
2012
3
2
1
n.a
2012
3
2
1
n.a
3
2

Company

Mozambique
Company Leaf Tobacco, Lda

Peixe

200000
180000

n.a

201

Company
Rank
Empresa
Custos
e Rentabilidade
/ Operating Cost and Profit
Company
2013
2012
Custos
e Rentabilidade
/ Operating Cost and Profit
Rank
Empresa
Mozambique
1
1
Company Leaf Tobacco, Lda
2013
2012
Rank
Empresa
SAN - Sociedade Algodoeira do Niassa - JFS, SARL
2
2
Mozambique
1
1
Company Leaf Tobacco, Lda
2013
3
2
1
4
2013
3
2
1
4
3
2

2013
6,079,899
2013
354,332
6,079,899
2172013
,753
354,332
6,079,899
943
2013
217,753
354,332
6,079,899
943
217,753
354,332
943
217,753

2012
3
2
1
n.a
2012
3
2
1
n.a
3
2

Sociedade Industrial de Pesca (SIP), Lda


SAN - Sociedade Algodoeira do Niassa - JFS, SARL
Mozambique
Leaf Tobacco, Lda
Terra Nova, Lda
Sociedade Industrial de Pesca (SIP), Lda
SAN
- Sociedade
do Niassa - JFS, SARL
Mozambique
LeafAlgodoeira
Tobacco, Lda
Terra Nova, Lda
Sociedade
Industrial
de Pesca
Lda- JFS, SARL
SAN - Sociedade
Algodoeira
do(SIP),
Niassa
Balano / Balance
Sheet
Terra
Nova,Industrial
Lda
4
n.a
Sociedade
de Pesca (SIP), Lda
3
3

160000
140000
120000

Rank
Empresa
Balano
/ Balance
Sheet
Terra Nova,
Lda
4
n.a

100000

Company
Empresa
Balano / Balance
Sheet
Company
2013
2012
Rank
Empresa
Balano / Balance
Sheet
Mozambique
1
1
Company Leaf Tobacco, Lda
2013
2012
Rank
Empresa
SAN
- Sociedade Algodoeira do Niassa - JFS, SARL
2
2
Mozambique
1
1
Company Leaf Tobacco, Lda
Rank

80000
60000
40000
20000
0

2009

2010

2011

2012

2013

2013
3
2
1
4
2013
3
2
1
4
3
2

2012
3
2
1
n.a
2012
3
2
1
n.a
3
2

2013

Sociedade Industrial de Pesca (SIP), Lda


SAN - Sociedade Algodoeira do Niassa - JFS, SARL
Mozambique
Leafdo
Tobacco,
LdaLda
Empresa Agrcola
Xuxululo,
Sociedade Industrial de Pesca (SIP), Lda
SAN
- Sociedade
Algodoeira
do Niassa - JFS, SARL
Mozambique
Leaf
Tobacco,
Lda
Empresa Agrcola do Xuxululo,
Lda
Sociedade
Industrial
de Pesca
Lda- JFS, SARL
SAN - Sociedade
Algodoeira
do(SIP),
Niassa
Indicadores
/ Ratios
Balano / Balance Sheet
Empresa Agrcola
dode
Xuxululo,
Lda Lda
4
n.a
Sociedade
Industrial
Pesca (SIP),
3
3

4,397,230
2013
292,740
4,397,230
2013
213,936
292,740
4,3972013
,230
430
213,936
292,740
4,397
,230
430
213,936
292,740
430
213,936

Rank
Empresa
Prprios
Indicadores
/ Ratios
BalanoCapitais
/ Balance
Sheet
Empresa Agrcola do Xuxululo, Lda
4

A pesca comercial decresceu em 3% enquanto a pesca


artesanal cresceu 3%. A aquacultura de pequena escala
ressentiu-se da ocorrncia de cheias e inundaes
mas apresentou um crescimento de 26% contra um
crescimento de 7% apresentado pela aquacultura
industrial. O camaro como um dos principais produtos
de exportao do sector pesqueiro rendeu USD 24
milhes representando um aumento de 0.8%.
86 / A dcima sexta edio / The sixteenth edition

Commercial fishing decreased by 3% whilst artisanal fishing


grew by 3%. Small-scale aquaculture felt the impact of floods
but still showed growth of 26% compared to growth of 7%
achieved by industrial aquaculture. Sale of prawns, one of the
main exports of the fisheries sector, earned USD 24 million,
representing an increase of 0.8%.

2013
6,508,039
2013
432,714
6,508,039
2013
224,510
432,714
6,508,039
201
2013
224,510
432,714
6,508,039
201
224,510
432,714
201
224,510

Rank
Empresa
Custos
e Rentabilidade
/ Operating Cost and Profit
Terra Nova, Lda

Pesca Artesanal - Produo de Peixe 2009 - 2013 / Fish Production 2009 to 2013

Toneladas / Tonnes

Dados da pesquisa indicam que este sector contou com


a participao de 4 empresas das quais 2 constam do
ranking das 100 Maiores Empresas de Moambique.
Importa realar a empresa Terra Nova, Lda que participa
pela primeira vez na pesquisa. Estas empresas geraram
um volume de negcios de MZN 7,165 milhes, sendo
cerca de MZN 6,941 milhes (96.66%) pertencentes as
empresas que constam do ranking.

n.a
Shareholdersfunds
Prprios
(103 Meticais)
BalanoCapitais
/ Balance
Sheet
Shareholdersfunds
2013
2012 %13/12
(103 Meticais)
BalanoCapitais
/ Balance
Sheet
Prprios
1,118,539Shareholdersfunds
690,400
62.01
2013
2012 %13/12
3 Prprios
Capitais
(10 Meticais)
185,711
96,672
92.10
1,118,539Shareholdersfunds
690,400
62.01
2012
%13/12
3
1072013
,706
104,791
2.78
Meticais)
(10
185,711
96,672
92.10
1,118,539
(3,658)
1072013
,706
185,711
1,118,539
(3,658)
107
,706
185,711
(3,658)
107
,706

690,400
62.01
(2,613)
(39.99)
2012 %13/12
104,791
2.78
96,672
92.10
690,400
62.01
(2,613) (39.99)
104,791
2.78
96,672
92.10
(2,613) (39.99)
104,791
2.78

(3,658)

(2,613) (39.99)

Activo Lquido
Net943
Assets
Activo
Lquido
(103 Meticais)
Net Assets
2012
%13/12
(103 Meticais)
Activo
Lquido
3,510,401
25.26
Net
Assets
2012
%13/12
Activo
Lquido
(103 Meticais)
286,818
2.06
3,510,401
25.26
Net Assets
2012
%13/12
3
192,191
11.31
Meticais)
(10
286,818
2.06
3,510,401
1,121
2012
192,191
286,818
3,510,401
1,121
192,191
286,818
1,121
192,191

25.26
(61.64)
%13/12
11.31
2.06
25.26
(61.64)
11.31
2.06
(61.64)
11.31

Vol. de Neg. / Revenues


(103 Meticais)
Vol. de Neg. / Revenues
(103 Meticais)
2012
%13/12
Vol. de Neg. / Revenues
5,868,252 (103 Meticais)
10.90
2012
%13/12
Vol. de Neg. / Revenues
402,953
7.39
5,868,252 (103 Meticais)
10.90
2012
158,860
402,953
5,868,252
119
2012
158,860
402,953
5,868,252
119
158,860
402,953

%13/12
41.33
7.39
10.90
68.91
%13/12
41.33
7.39
10.90
68.91
41.33
7.39

119
158,860

68.91
41.33

9
204

Custos Operacionais
119Operating68.91
Cost
3
Custos (10
Operacionais
Meticais)
Operating Cost
2012 3
%13/12
Meticais)
Custos (10
Operacionais
5,634,144
7.91
Operating
Cost
2012
%13/12
3
Custos (10
Operacionais
Meticais)
384,224
(7.78)
5,634,144
7.91
Operating Cost
%13/12
1572012
,498 3
38.26
384,224(10 Meticais)
(7.78)
5,634,144
1,172
1572012
,498
384,224
5,634,144
1,172
157
,498
384,224
1,172
157
,498
1,172

2013
2,705,668
2013
174,089
2,705,668
2013
53,693
174,089
2,705,668
280
2013
53,693
174,089
2,705,668
280
53,693
174,089

1,121
(61.64)
Company 430
Rank
Empresa
Indicadores
/ Ratios
Company
2013
2012
Indicadores
/ Ratios
Rank
Empresa
Mozambique
1
1
Company Leaf Tobacco, Lda
2013
2012
Rank
Empresa
SAN
- Sociedade Algodoeira do Niassa - JFS, SARL
2
2
Mozambique
1
1
Company Leaf Tobacco, Lda
2013
3
2

2012
3
2

n.a

1
4
2013
3
2
1
4
3
2
4
3

1
n.a
2012
3
2
1
n.a
3
2
n.a
3

2013
5,324
2013
357
5,324
2013
204
357
5,324
9
2013
204
357
5,324
9
204
357

7.91
(19.54)
%13/12
38.26
(77.78)
.91
(19.54)
38.26
(7.78)
(19.54)
38.26

2013
428,139
2013
78,092
428,139
2013
2,915
78,092
428,139
(1,045)
2013
2,915
78,092
428,139
(1,045)
2,915
78,092
(1,045)
2,915

N Trabalhadores
N of Employees
N Trabalhadores
N of Employees
2012
%13/12
N Trabalhadores
4,506
18.15
N
of
Employees
2012
%13/12
N Trabalhadores
310
15.16
4,506
18.15
N of Employees
2012
187
310
4,506
13
2012
187
310
4,506
13
187
310

%13/12
9.09
15.16
18.15
(30.77)
%13/12
9.09
15.16
18.15
(30.77)
9.09
15.16

13
187

(30.77)
9.09

234,109
(1,069)
2012
1,455
18,729
234,109
(1,069)
1,455
18,729
(1,069)
1,455

82.88
2.25
%13/12
100.34
316.96
82.88
2.25
100.34
316.96
2.25
100.34

2013
1,324
2013
1,297
1,324
2013
1,148
1,297
1,324
18
2013
1,148
1,297
1,324
18
1,148
1,297

Resultados Lquidos
13
(30.77)
Net Profits
Resultados
(103 Lquidos
Meticais)
Net Profits
2012 3
%13/12
(10 Lquidos
Meticais)
Resultados
234,109
82.88
Net%13/12
Profits
2012
3 Lquidos
Resultados
18,729(10 Meticais)
316.96
234,109
82.88
Net Profits
2012 3
%13/12
1,455
100.34
18,729(10 Meticais)
316.96

280
53,693

679
49,295

280

679

20.87
(58.76)
%13/12
8.92
(2.44)
20.87
(58.76)
8.92
(2.44)
(58.76)
8.92

Rent VN
(58.76)
Profits/Revenue
Rent (%)
VN
Profits/Revenue
2013
2012
Rent (%)
VN
6.58
3.99
Profits/Revenue
2013
2012
Rent (%)
VN
18.05
4.65
6.58
3.99
Profits/Revenue
2013
2012
1.30
0.92
(%)
18.05
4.65

3,278,691
4,089
2013
106,230
100,869
3,278,691
4,089
106,230
100,869

2,820,001
3,734
872012
,400
179,489
2,820,001
3,734
87
,400
179,489

4,089
106,230

3,734
87
,400

Rent. A. Liq.
3,734
Rent. Net Asset
Rent. A. Liq.
(%)
Rent. Net Asset
2013
2012
(%)
Rent. A. Liq.
9.74
6.67
Rent.
2013 Net Asset
2012
Rent. A. Liq.
(%)
26.68
6.53
9.74 Net Asset
6.67
Rent.
2013
2012
1.36
0.76
(%)
26.68
6.53

4,089

1,209
18
2012
990
1,648
1,209
18
990
1,648

18
1,148

18
990

9.49
(0.19)
%13/12
16.02
(21.27)
9.49
(0.19)
16.02
(21.27)
(0.19)
16.02

428,139
(1,045)
2013
10,278
78,381
428,139
(1,045)
10,278
78,381
(1,045)
10,278

234,109
(1,069)
2012
2,593
18,729
234,109
(1,069)
2,593
18,729
(1,069)
2,593

82.88
2.25
%13/12
296.37
318.50
82.88
2.25
296.37
318.50
2.25
296.37

Resultados Antes dos Impostos


18
18 Before Taxes
(0.19)
Income
Resultados Antes dos
(103Impostos
Meticais)
Income Before Taxes
2013
2012 3
%13/12
(10 Impostos
Meticais)
Resultados Antes dos
428,139
234,109
82.88
Income
Taxes
2013
2012 Before%13/12
3Impostos
Resultados Antes dos
78,381
18,729(10 Meticais)
318.50
428,139
234,109
82.88
Income Before Taxes
2013
2012 3
%13/12
10,278
2,593
296.37
78,381
18,729(10 Meticais)
318.50

Passivo Total
Activo Corrente
(19.54)
(1,045)
(1,069)
Total2.25
Liabilities
Current Assets
3
Passivo
Total
Activo
(10
(103 Corrente
Meticais)
Meticais)
Total Liabilities
Current Assets
2013
2012
%13/12
2012
%13/12
3
(10
(103 Corrente
Meticais)
Meticais)
Passivo
Total
Activo
3,278,691
2,820,001
16.27
2,238,514
20.87
Total
Current
Assets
2013
2012 Liabilities
%13/12
2012 %13/12
3 Corrente
3
Passivo
Total
Activo
(10 Meticais)
(10 Meticais)
100,869
179,489
(43.80)
178,436
(2.44)
3,278,691
2,820,001
16.27
2,238,514
20.87
Total Liabilities
Current Assets
2013
2012
%13/12
2012
%13/12
3
3
106,230
87
,400
21.54
49,295
8.92
(10 Meticais)
(10 Meticais)
100,869
179,489
(43.80)
178,436
(2.44)
2,238,514
679
2012
49,295
178,436
2,238,514
679
49,295
178,436

VN por Trabalhador
Revenue per Employee
3
VN por
Trabalhador
(10
Meticais)
Revenue per Employee
2012 3
%13/12
(10
Meticais)
VN por
Trabalhador
1,209 per Employee
9.49
Revenue
2012
%13/12
3
VN por
Trabalhador
1,648(10 Meticais)
(21.27)
1,209 per Employee
9.49
Revenue
2012
%13/12
990 3
16.02
1,648(10 Meticais)
(21.27)

16.27
9.51
%13/12
21.54
(43.80)
16.27
9.51
21.54
(43.80)
9.51
21.54
9.51

2013

Sociedade Industrial de Pesca (SIP), Lda


SAN - Sociedade Algodoeira do Niassa - JFS, SARL
Mozambique
Leaf Tobacco, Lda
Terra Nova, Lda
Sociedade Industrial de Pesca (SIP), Lda
SAN
- Sociedade
do Niassa - JFS, SARL
Mozambique
LeafAlgodoeira
Tobacco, Lda
Terra Nova, Lda
Sociedade
Industrial
de Pesca
Lda- JFS, SARL
SAN - Sociedade
Algodoeira
do(SIP),
Niassa
Terra Nova,Industrial
Lda
Sociedade
de Pesca (SIP), Lda

6.58
(519.90)
2013
1.30
18.05
6.58
(519.90)
1.30
18.05

3.99
(898.32)
2012
0.92
4.65
3.99
(898.32)
0.92
4.65

9.74
(243.02)
2013
1.36
26.68
9.74
(243.02)
1.36
26.68

6.67
(95.36)
2012
0.76
6.53
6.67
(95.36)
0.76
6.53

47.34
2013
55.31
47.34
2013
2.74
55.31
47
.34
33.33
2013
2.74
55.31
47.34
33.33
2.74
55.31

(519.90)
1.30

(898.32)
0.92

(243.02)
1.36

(95.36)
0.76

33.33
2.74

Terra Nova, Lda

(519.90)

(898.32)

(243.02)

(95.36)

33.33

Passivo Corrente

(1,045)

(1,069)
2.25
Current Liabilities

2013
2,013,606
2013
60,263
2,013,606
2013
106,230
60,263
2,013,606
4,089
2013
106,230
60,263
2,013,606
4,089
106,230
60,263
4,089
106,230

Passivo
(103 Corrente
Meticais)
Current Liabilities
2012 3
%13/12
(10 Corrente
Meticais)
Passivo
1,335,041
50.83
Current
Liabilities
2012
%13/12
Passivo
(103 Corrente
Meticais)
140,390
(57.07)
1,335,041
50.83
Current Liabilities
%13/12
872012
,400
21.54
(103 Meticais)
140,390
(57.07)
1,335,041
3,734
872012
,400
140,390
1,335,041
3,734
87
,400
140,390

Rent. C. P.
4,089
S/hs
Funds
Rent. C.
P.
(%)
S/hs Funds
2012
(%)
Rent. C.
P.
S/hs103.93
Funds
2012
Rent. C.
P.
(%)
21.45
S/hs103.93
Funds
2012
2.56
(%)
21.45
103.93
81.82
2012
2.56
21.45
103.93
81.82
2.56
21.45

3,734
87
,400

50.83
9.51
%13/12
21.54
(57
.07)
50.83
9.51
21.54
(57
.07)
9.51
21.54

Liquidez Geral
9.51
Current Ratio
Liquidez Geral
(%)
Current Ratio
2013
2012
(%)
Liquidez Geral
1.34
1.68
Current Ratio
2013
2012
Liquidez Geral
(%)
2.89
1.27
1.34
1.68
Current Ratio
2013
2012
0.51
0.56
(%)
2.89
1.27

3,734

81.82
2.56

1.34
0.07
2013
0.51
2.89
1.34
0.07
0.51
2.89
0.07
0.51

1.68
0.18
2012
0.56
1.27
1.68
0.18
0.56
1.27
0.18
0.56

81.82

0.07

0.18

The sixteenth edition / A dcima sexta edio / 87

Para os prximos 15 anos, a OMT destacou as principais


tendncias do sector do turismo, nomeadamente: (i) demanda
intra-regional em contnuo crescimento; (ii) reduo do
tempo total de viagens; (iii) um potencial crescimento mais
acelerado do turismo nas prximas dcadas. Destinos
consolidados ou novos destinos tursticos podem se beneficiar
dessa oportunidade, a partir de polticas adequadas relativas
ao ambiente de negcios, infra-estrutura, facilidades,
marketing e recursos humanos; (iv) desafios no que diz
respeito maximizao dos benefcios sociais e econmicos
e minimizao dos impactos negativos que o turismo pode
causar, e; (vi) o padro do crescimento a longo prazo ser mais
moderado, sustentvel e inclusivo.

Alojamento,
Restaurao e
Similares
Accommodation,
Restaurants and
Similar Activities
Por/By: Mrcia Zunguze

Em 2013, a Europa foi o primeiro destino turstico com


mais de 560 milhes de viajantes internacionais, um valor
que ultrapassou os resultados j muito bons de 2012. O
crescimento foi particularmente acentuado na Europa
Meridional e Central. (Livro Verde - Segurana dos servios de
alojamento turstico 2014, Comisso Europeia)

and Iolanda Cal

A atividade turstica tem-se destacado nos cenrios nacional e internacional, o que tem provocado
uma maior preocupao dos governos e da sociedade com a sua gesto, de modo a favorecer o seu
desenvolvimento. Como actividade de extrema importncia econmica, o turismo possui uma cadeia
produtiva extensa que qualifica sua multidisciplinaridade e exige participao de diversos sectores da
sociedade e da economia. O seu planeamento complexo, uma vez que envolve um grande nmero de
actividades e pessoas, com diferentes expectativas e necessidades.
The Tourism sector has been highlighted in national and international markets which has triggered the interest
of Governments and society in its management in order to promote its development. As an important economic
activity, tourism has an extensive supply chain which explains its multidisciplinary nature which requires
participation by various sectors of society and the economy. Planning is complex as it involves a large number of
activities and people with different expectations and needs.
extremamente delicado alinhar o trabalho desses diferentes
actores, de forma a obter um conjunto integrado de aces
para melhorar a qualidade dos produtos e servios tursticos
e, consequentemente, melhorar a qualidade dos servios
prestados populao local. Isso porque muitos dos
servios so nicos e no diferenciam turistas de residentes,
principalmente no que se refere infra-estrutura bsica.

Aligning the work of these different actors in a way that


achieves an integrated set of actions that improves the quality
of tourist products and services and consequently improves
the quality of services provided to the local population is
an extremely delicate process. This is because many of the
services are singular with no differentiation between tourists
and residents, this particularly relates to basic infrastructure.

A actividade turstica nos ltimos anos tem sido de extrema


importncia no que diz respeito ao desenvolvimento e
crescimento da economia mundial. um dos sectores com
crescimento rpido no mundo e desempenha um papel
decisivo nos pases desenvolvidos e em desenvolvimento,
proporcionando um grande potencial para o crescimento
do PIB. (Importncia doTurismo na Economia -http://www.
trabalhosfeitos.com 02/2013)

Tourism in recent years has been of the utmost importance


to the development and growth of the world economy. It is
one of the sectors with rapid growth in the world and plays
a decisive role in both developed and developing countries
providing a great potential for GDP growth. (Importncia do
Turismo na Economia, in http://www.trabalhosfeitos.com).

At 2030, a Organizao Mundial do Turismo (OMT) prev


um aumento de 3.3% por ano no nmero de chegadas de
turistas internacionais em todo o mundo, chegando a data com
cerca de 1.8 bilhes de chegadas de turistas internacionais.
As chegadas em destinos emergentes devero crescer com
o dobro do ritmo (OMT, 2013). Segundo as estimativas da
OMT ao longo dos prximos 10 anos (at 2023), espera-se
que o turismo contribua com USD 6.9 trilhes para o PIB e
gere 72 milhes de novos empregos, representando cerca
de 340 milhes de empregos ao redor do mundo. (Dados da
Organizao Mundial doTurismo - 2013)
88 / A dcima sexta edio / The sixteenth edition

In its forecasts to the year 2030 the World Tourism


Organisation (UNWTO) predicts an increase of 3.3% per
year in the number of international tourist arrivals worldwide
reaching around 1.8 billion international tourist arrivals in 2030.
Arrivals in emerging destinations should grow at twice this
pace (UNWTO, 2013). According to ILO estimates, over the
next 10 years (until 2023) tourism is expected to contribute
6.9 trillion USD to GDP and generate 72 million new jobs
bringing the total to approximately 340 million jobs around the
world. (Data of the World Tourism Organization-2013).
The WTO highlighted the following main trends within the
tourism sector for the next 15 years: (i) continuous growth

No que diz respeito ao nmero de dormidas em


estabelecimentos de alojamento turstico a Unio Europeia
(UE) atingiu um pico de 2.6 bilhes de noites em 2013.
Alm disso, o nmero de dormidas em estabelecimentos
de alojamento turstico por no residentes (isto , turistas
de outros pases) aumentou 4.8% na UE, entre 2012 e
2013, alcanando 45% do nmero total de dormidas em
2013. (Livro Verde - Segurana dos servios de alojamento
turstico 2014, Comisso Europeia)
Em alguns pases como Malta, Chipre e Crocia, a ocupao
dos alojamentos tursticos depende quase na totalidade dos
no residentes (96%, 93% e 92%, respectivamente), enquanto
noutros, como a Romnia (18%), a Polnia ou Alemanha (em
ambos os pases, 20% de ocupao por no residentes), a
situao exactamente oposta. (Livro Verde - Segurana dos
servios de alojamento turstico 2014, Comisso Europeia)
Ao nvel do continente africano, em 2013, Angola destacouse neste sector, com um saldo positivo, em que o volume de
negcios do sector atingiu o montante de 119.1 mil milhes
de Kwanzas (USD 1.1 mil milhes) em comparao com o ano
de 2012. Os factores que estiveram na base deste aumento
das receitas prende-se com a realizao do Mundial de
Hquei em Patins e da Feira Internacional de Luanda, alm
da consolidao da estabilidade macroeconmica do pas
que tem proporcionado maior atraco do investimento
estrangeiro. As viagens de negcio destacam-se como sendo
o motivo do turismo em Angola, com um peso de 80.9% sobre
o valor total de 2013. (http://expanso.co.ao/Artigo/Geral/44227,
Jornal Expanso de 30/04/2014).
A Europa confirmou a sua posio de principal mercado
emissor de turistas para Angola com 231.2 mil. Ao nvel de
pases, Portugal destaca-se com 141.3 mil, seguido pela
frica do Sul, com 942.1 mil, e pela China, com 84.3 mil. Estes
trs pases representaram quase metade das entradas de
estrangeiros em Angola, em 2013. (http://expanso.co.ao/
Artigo/Geral/44227, Jornal Expanso de 30/04/2014)
O movimento turstico a nvel da SADC atingiu a cifra de
200,593 chegadas. Em relao aos PALOP, o movimento
turstico proveniente deste bloco atingiu 8,033 chegadas, com
SoTom e Prncipe e Moambique a destacarem-se. (Jornal

in intra-regional tourism; (ii) reduction in journey times; (iii)


potential accelerating growth in tourism over the coming
decades, with appropriate policies on business environment,
infrastructure, facilities, marketing and human resource
existing or new tourist destinations can take advantage of this
opportunity; (iv) challenges in respect of the maximisation
of social and economic benefits and minimisation of the
negative impacts that tourism can cause and; (vi) a longterm framework for growth which will be more controlled,
sustainable and inclusive.
In 2013, Europe became the first tourist destination with
more than 560 million international traveller arrivals,
a total that exceeded the already very good results in
2012. Growth was particularly strong in Southern and
Central Europe. (Livro Verde - Segurana dos servios de
alojamento turstico 2014, Comisso Europeia).
The number of overnight stays in tourist accommodation
in the European Union (EU) reached a peak of 2.6 billion in
2013, in addition, the number of overnight stays in tourist
accommodation in the EU by non-residents (i.e., tourists
from other countries) increased by 4.8% between 2012
and 2013, reaching 45% of the total number of overnight
stays in 2013. (Livro Verde - Segurana dos servios de
alojamento turstico 2014, Comisso Europeia).
In some countries such as Malta, Cyprus and Croatia,
the occupation of tourist accommodation was made up
almost completely of non-residents (96%, 93% and 92%,
respectively) whilst in others such as Romania (18%), Poland
and Germany (20% non-resident occupancy for both), the
situation was reversed. (Livro Verde - Segurana dos servios
de alojamento turstico 2014, Comisso Europeia).
In the African continent, Angola stood out in this sector in
2013, with a positive performance in that the turnover of the
sector reached a total of AOA 119.1 million (equivalent to 1.1
million dollars) in comparison to the year 2012. The factors
which were the foundation of the increasing revenues were
the hosting of the World Roller Hockey Championships and
the Luanda international trade fair as well as the consolidation
of the macroeconomic stability of the country which has
attracted greater foreign investment. The business trips are
highlighted as the main reason for tourism in Angola, with
80.9% of the total value in 2013. (in http://expanso.co.ao/
Artigo/Geral/44227, Journal Expanso 30/04/2014).
Europe has continued to be the main market for tourists
to Angola with 231.2 thousand. At a country level Portugal
stands out with 141.3 thousand, followed by South Africa
with 942.1 thousand and China, with 84.3 thousand. These
three countries account for almost half of the foreign
entries into Angola in 2013. (in http://expanso.co.ao/Artigo/
Geral/44227, Jornal Expanso 30/04/2014).
In the SADC region the tourism movement achieved a total
of 200,593 arrivals. The contribution to the tourist movement
from PALOPs (Portuguese speaking countries) totalled 8,033
with So Tom & Principe and Mozambique standing out.
(Jornal Economia e Finanas Sector turstico e hoteleiro
com saldo positivo em 2013).

The sixteenth edition / A dcima sexta edio / 89

Economia e Finanas Sector turstico e hoteleiro com saldo


positivo em 2013.
Em Moambique, o turismo tem sido um dos sectores que
tem contribudo significativamente para o crescimento do PIB.
Dados do PES 2013, apontam uma previso de crescimento para
o sector de Alojamento, Restaurao e Similares de cerca de
6.2%, no entanto, o BdPES 2013, aponta para um crescimento
1.2pp abaixo do planificado (5.0%).
O Plano Estratgico para o Desenvolvimento doTurismo
2004-2013 e a publicao da Lei doTurismo dois instrumentos
fundamentais para o estabelecimento das bases da poltica e
da estratgia do turismo no pas vm confirmar a importncia
atribuda pelo governo moambicano a esta actividade. Para
o ano 2014, atravs dos chamados projectos ncora esto
previstos importantes investimentos no sector, que podem
atingir USD 1.2 bilhes. Estes projectos tm como objectivo
estimular o crescimento e investimento no sector do turismo,
nomeadamente em Inhassoro (provncia de Inhambane),
reserva de Gil (provncia da Zambzia), Ilhas Epidendron
e Casuarina (provncia da Zambzia), Ilhas Crusse e Jamali
(provncia de Nampula) e Reserva Especial de Maputo
(provncia de Maputo). At ao momento foi materializada
a estratgia de concessionamento da Reserva Especial de
Maputo. (Mercados Informao Global Moambique Dossier
de Mercado: Fevereiro 2010)
Nesta edio, o sector do Alojamento, Restaurao e Similares
conta com a participao de 9 empresas, das quais 2 (duas)
so novas entradas em relao a edio anterior. Do total das
empresas participantes 4 encontram-se no ranking das 100
Maiores Empresas de Moambique.
O volume de negcios das firmas deste sector totaliza MZN
1,546 milhes, dos quais MZN 1.459 milhes (94.34%) so
absorvidos pelas empresas que constam do ranking das 100
Maiores Empresas. Em termos de volume de negcios, este
sector continua a ser liderado pela Turvisa - Empreendimentos
Tursticos, Lda com um volume de negcios de MZN 498
milhes, seguida pelas empresas Hotis Polana, S.A e Salvor
Hoteis Moambique, SARL com MZN 453 milhes e 269
milhes respectivamente.
Os resultados lquidos deste sector fixaram-se em MZN 157
milhes, contra os 37 milhes registados em 2012. Neste
indicador importa salientar o bom desempenho da AvenidaEmpreendimentosTursticos e Hoteleiros, Lda e do Bazaruto,
Lda que atingiram os maiores lucros no sector com cerca
de MZN 59.5milhes e MZN 38 milhes respectivamente.
Importa tambm realar Hotis Polana, S.A e Salvor Hoteis
Moambique, SARL que saram de situaes de prejuzos de
MZN 73.7 milhes e MZN 8.8 milhes para lucros de MZN 152
mil e MZN 59.5 milhes, respectivamente.
No que diz respeito a rentabilidade de capitais prprios, o
sector obteve um total de 10.77%, estando a liderar o sector a
empresa Bazaruto, Lda, seguido pela empresa Chef Privado e
pelo Hotel Moambicano, Lda.
As empresas participantes na pesquisa empregaram um total de
1,546 trabalhadores, dos quais 1,391 trabalham nas empresas que
constam no ranking das 100 Maiores. Em termos de rentabilidade
de volume de negcios por trabalhador destaca-se a empresa
Frum Hoteis eTurismo, Lda (Hotel Santa Cruz) com a maior taxa
de crescimento com 18.68%.
90 / A dcima sexta edio / The sixteenth edition

In Mozambique tourism has been one of the sectors that


has contributed significantly to GDP growth. Data from the
2013 economic and social plan indicated a growth forecast
for this sector of around 6.2% however, during the review
of the implementation of the plan growth of 5.0% (1.2pp
below the forecast) was reported.
The strategic plan for the development of tourism 20042013 and the Tourism Law two instruments that are
fundamental for the establishment of the policies and
the tourism strategy in the country, demonstrate the
importance attributed by the Mozambican Government
to this activity. For 2014, through the designated anchor
projects there is provision for significant investments in
the sector which could reach USD 1.2 billion. These projects
aim to stimulate growth and investment in the tourism
sector, in particular in Inhassoro (Inhambane province), Gil
reserve (Zambezia province), the Islands of Epidendron and
Casuarina (Zambezia province), the Islands of Crusse and
Jamali (Nampula province) and the Maputo Special Reserve
(Maputo province). So far the strategy for the concession
for the Maputo Special Reserve has materialised.
(Mercados Informao Global Moambique Dossier de
Mercado: Fevereiro 2010).
In this edition, the Accommodation, Restoration and Similar
Activities sector is represented by 9 companies, of which
2 are new entries compared to the previous edition. Of all
participating companies 4 are in the Top 100 Companies in
Mozambique.
The revenue of the companies in this sector is represented
by a total of 1,546 million MZN, of which MZN 1,459
million (94.34%) are absorbed by the companies listed in
the Top 100 Companies ranking. In terms of revenue this
sector continues to be led by Turvisa- Empreendimentos
Tursticos, Lda with a revenue of 498 million MZN, followed
by Hotis Polana, S.A e Salvor Hotis Moambique, SARL
with 453 and 269 million MZN respectively.
Net results for this sector stood at MZN 157 million,
compared to MZN 37 million in 2012. In this indicator
is important to note the good performance of AvenidaEmpreendimentos Tursticos e Hoteleiros, Lda and
do Bazaruto, Lda achieving the highest profits in the
sector with MZN 59.5 and 38 million MZN respectively.
Prominence goes also to Hotis Polana, S.A e Salvor Hotis
Moambique, SARL leaving behind the crisis situation of
losses of MZN 73.7 and 8.8 million to profit of MZN 152
thousand and 59.5 million, respectively.
With regard to return on equity, the sector earned a total
of 10.77%, and the sector is led by Chef Privado with
a revenue of 100%, followed by Hotel Moambicano
with 49.54% and Avenue Hoteliers and Avenida
Empreendimentos Tursticos e Hoteleiros, Lda with 33.78%
The participating companies in the survey employed a total
of 1,546 employees, of which 1,391 work in companies
listed in the Top 100 Companies ranking. With regard to the
return on revenue per employee prominence goes to Frum
Hoteis e Turismo, Lda (Hotel Santa Cruz) with the highest
growth rate of 18.68%.

Volume de Negcios e Trabalhadores / Revenue and Employees


Rank

Vol. de Neg. / Revenues


(103 Meticais)

Empresa
Company

N Trabalhadores
N of Employees

VN por Trabalhador
Revenue per Employee
(103 Meticais)

2013

2012

2013

2012

%13/12

2013

2012

%13/12

2013

2012

%13/12

Turvisa - Empreendimentos Tursticos, Lda

498,045

479,003

3.98

529

458

15.50

1,009

1,153

(12.46)

Hoteis Polana, SA

452,651

416,784

8.61

384

369

4.07

1,202

1,120

7.31

Salvor Hoteis Moambique, SARL

268,990

252,542

6.51

342

334

2.40

796

789

0.84

Avenida - Empreendimentos Tursticos e Hoteleiros, Lda

238,970

262,828

(9.08)

136

148

(8.11)

1,683

1,940

(13.24)

Hotel Moambicano, Lda

38,158

43,018

(11.30)

74

74

0.00

516

581

(11.30)

Forum Hotis e Turismo, Lda (Hotel Sta Cruz)

27,593

24,925

10.70

54

57

(5.26)

497

419

18.68

PROMOTUR - Residencial Hoyo-Hoyo, Lda

19,640

20,400

(3.73)

25

25

0.00

786

770

2.05

n.a

Bazaruto, Lda

1,986

11,834

(83.22)

n.a

Chef Privado

100

80

25.00

100.00

67

160

(58.33)

Custos e Rentabilidade / Operating Cost and Profit


Rank

Empresa
Company

Resultados Lquidos
Net Profits
(103 Meticais)

Custos Operacionais
Operating Cost
(103 Meticais)

Resultados Antes dos Impostos


Income Before Taxe
(103 Meticais)

2013

2012

2013

2012

%13/12

2013

2012

%13/12

2013

2012

Turvisa - Empreendimentos Tursticos, Lda

409,183

376,380

8.72

16,472

26,697

(38.30)

28,759

26,274

9.46

Hoteis Polana, SA

292,088

296,012

(1.33)

29,122

(73,685)

139.52

7,510

(75,685)

109.92

Salvor Hoteis Moambique, SARL

35,445

27,319

29.74

152

(8,817)

101.72

2,405

(11,374)

121.14

Avenida - Empreendimentos Tursticos e Hoteleiros, Lda

187,292

199,494

(6.12)

59,543

60,718

(1.94)

97,591

89,978

8.46

Hotel Moambicano, Lda

28,429

32,063

(11.33)

6,616

6,806

(2.79)

9,729

10,009

(2.80)

Forum Hotis e Turismo, Lda (Hotel Sta Cruz)

20,838

19,160

8.76

4,495

5,672

(20.75)

4,495

5,672

(20.75)

PROMOTUR - Residencial Hoyo-Hoyo, Lda

15,944

14,647

8.86

2,374

5,845

(59.38)

3,526

5,845

(39.67)

n.a

Bazaruto, Lda

26,114

15,043

73.60

38,036

14,050

170.72

38,036

14,050

170.72

n.a

Chef Privado

40

30

33.33

40

30

33.33

60

50

20.00

%13/12

Balano / Balance Sheet


Rank

Empresa
Company

Activo Lquido
Net Assets
(103 Meticais)

Passivo Total
Total Liabilities
(103 Meticais)

Activo Corrente
Current Assets
(103 Meticais)

Passivo Corrente
Current Liabilities
(103 Meticais)

2013

2012

2013

2012

%13/12

2013

2012

%13/12

2013

2012

%13/12

2013

2012

%13/12

Turvisa - Empreendimentos Tursticos, Lda

1,301,993

1,169,333

11.34

350,077

249,131

40.52

959,261

843,074

13.78

783,544

582,272

34.57

Hoteis Polana, SA

1,160,301

1,184,827

(2.07)

166,549

163,141

2.09

1,025,325 1,078,974

(4.97)

454,950

317,334

43.37

Salvor Hoteis Moambique, SARL

957,759

989,381

(3.20)

168,601

175,482

(3.92)

391,720

471,612

(16.94)

190,494

137,121

38.92

Avenida - Empreendimentos Tursticos e Hoteleiros, Lda

462,384

444,963

3.92

265,673

254,847

4.25

256,349

298,471

(14.11)

256,349

298,471

(14.11)

Hotel Moambicano, Lda

38,500

36,023

6.88

38,500

32,900

17.02

21,894

25,919

(15.53)

21,843

25,822

(15.41)

Forum Hotis e Turismo, Lda (Hotel Sta Cruz)

93,711

34,931

168.27

56,674

9,119

521.49

65,038

31,593

105.86

16,173

11,119

45.45

PROMOTUR - Residencial Hoyo-Hoyo, Lda

17,172

15,545

10.47

16,277

14,463

12.54

1,275

115

1008.70

1,275

115

1008.70

n.a

Bazaruto, Lda

700,089

656,062

6.71

249,810

191,874

30.19

479,204

400,558

19.63

119,220

26,541

349.19

n.a

Chef Privado

90

50

80.00

90

50

80.00

150

130

15.38

150

130

15.38

Balano / Balance Sheet


Capitais Prprios
Shareholdersfunds
(103 Meticais)

Indicadores / Ratios
Rank

Empresa
Company

Rent VN
Profits/Revenue
(%)

Rent. A. Liq.
Rent. Net Asset
(%)

Rent. C. P.
S/hs Funds
(%)

Liquidez Geral
Current Ratio
(%)

2013

2012

%13/12

2013

2012

2013

2012

2013

2012

2013

2012

2013

2012

342,732

326,260

5.05

Turvisa - Empreendimentos Tursticos, Lda

3.31

5.57

1.27

2.28

4.92

8.53

0.45

0.43

134,975

105,853

27.51

Hoteis Polana, SA

6.43

(17.68)

2.51

(6.22)

24.18

(73.27)

0.37

0.51

566,039

517,768

9.32

Salvor Hoteis Moambique, SARL

0.06

(3.49)

0.02

(0.89)

0.03

(1.79)

0.89

1.28

206,035

146,491

40.65

Avenida - Empreendimentos Tursticos e Hoteleiros, Lda

24.92

23.10

12.88

13.65

33.78

52.29

1.04

0.85

16,606

10,104

64.35

Hotel Moambicano, Lda

17.34

15.82

17.18

18.89

49.54

45.62

1.76

1.27

28,673

3,338

758.99

Forum Hotis e Turismo, Lda (Hotel Sta Cruz)

16.29

22.76

4.80

16.24

28.08

1129.88

3.50

0.82

PROMOTUR - Residencial Hoyo-Hoyo, Lda

125.77

15,867

15,429

2.84

220,885

255,504

(13.55)

n.a

Bazaruto, Lda

60

20

200.00

n.a

Chef Privado

12.09

28.65

13.82

37.60

15.17

46.69

12.77

1,915.21

118.73

5.43

2.14

15.97

11.00

2.10

7.23

40.00

37.50

44.44

60.00

100.00

300.00

0.60

0.38

The sixteenth edition / A dcima sexta edio / 91

O comrcio entre pases pode ser analisado a partir de


dois pontos de vista. Em primeiro lugar, ele permite
que cada pas tenha acesso a um leque muito amplo
de bens e servios, satisfazendo as necessidades
diversificadas de seus cidados, sem perder as
vantagens da especializao produtiva. Em segundo
lugar, a possibilidade de vender seus produtos em
outros mercados, permite que os volumes de bens
produzidos em cada pas sejam muito maiores do que
seriam no caso de ficarem restritos aos mercados
internos, exclusivamente, sendo assim possvel
aproveitar os ganhos de eficincia conhecidos como
economias de escala.

Comrcio
Commerce
Por/By: Juliana Penicela

O comrcio a actividade scio-econmica que consiste na compra e na venda de bens, seja para usufruir dos
mesmos, vend-los ou transform-los.Trata-se da transaco de algo em troca de outra coisa de igual valor (podendo
ser dinheiro). Existem diversas classes de comrcio. Por exemplo, o comrcio a retalho que a actividade de
compra e venda de mercadorias cujo comprador o consumidor final (ou seja, a pessoa que usa ou consome o bem
em questo). O comrcio a grosso que a actividade de compra e venda em que o comprador no corresponde
ao consumidor final, uma vez que o seu objectivo voltar a vender (da o nome revenda) a mercadoria a outro
comerciante ou a uma empresa manufactureira que utilize a matria-prima para a transformar/processar.
Commerce is the socio-economic activity that consists of the purchase and sale of goods, whether to be used, sold on or
changed. It