The information below was derived from M Dias Branco audited financial statements for the period ended on December 31, 2017, prepared in accordance with Brazilian GAAP.
|As of December 31, 2017|
|Capitalization (R$ million)||2017||2016||Variation|
|(-) Short Term Financial Investments||0.0||-0.2||-100.0%|
|(-) Short Term Financial Investments||0.0||14.5||-100.0%|
|(-) Long Term Financial Investments||-12.3||-10.3||19.4%|
|(=) Net Debt||-596.6||-212.8||180.4%|
|(+) Shareholders‘ Equity||4,992.0||4,333.6||15.2%|