The information below was derived from M Dias Branco audited financial statements for the period ended on December 31, 2016, prepared in accordance with Brazilian GAAP.
|As of December 31, 2016|
|Capitalization (R$ million)||06/30/2016||06/30/2015||Variation|
|(-) Short Term Financial Investments||-0.2||-6.9||-97.1%|
|(-) Long Term Financial Investments||-4.3||-3.9||10.3%|
|(=) Net Debt||29.2||287.3||-89.8%|
|(+) Shareholders‘ Equity||3,935.9||3,507.4||12.2%|