Embratel Participacoes SA
Corporate Law - Consolidated Balance
 
 
 Sheet 2002 2001 2002
R$ thousands Dec 31 Dec 31 Sep 30
 





 
 
Assets
 
 Cash and cash equivalents 886,991 652,153 756,693
 Account receivables, net 1,590,996 1,929,278 1,831,701
 Deferred and recoverable taxes 437,838 606,191 563,547
 Other current assets 249,055 189,985 204,750
 Current assets 3,164,880 3,377,607 3,356,691
 





 
 Deferred and recoverable taxes 1,185,636 490,604 1,182,126
 Legal deposits 270,011 341,562 197,954
 Other non-current assets 40,385 66,865 47,470
 Non-current assets 1,496,032 899,031 1,427,550
 





 
 Investments 267,042 169,627 256,437
 Net property, plant & equipment 7,795,867 7,849,429 7,743,393
 Deferred fixed assets 121,787 162,382 131,936
 Permanent assets 8,184,696 8,181,438 8,131,766
 Total assets 12,845,608 12,458,076 12,916,007
 





 





 
 
Liabilities
 Personnel, charges and social
 
 benefits 118,075 99,202 121,284
 
 Accounts payable and accrued
 
 expenses 1,680,690 1,569,123 1,554,899
 Taxes and contributions  252,284 450,308 289,102
 
 Dividends and interest on capital
 
 payable 23,466 30,240 23,483
 
 Proposed dividends and interest on
 
 capital 14,254 - -
 
 Short term debt and current portion
 
 of long term debt 2,566,482 1,079,953 2,360,183
 Provisions for contigencies 53,378 33,573 57,965
 Pension plan -Telos 63,973 61,506 58,219
 Employee profit sharing 42,113 22,610 34,000
 
 Subsidiaries and associated
 
 companies 96,671 39,091 107,548
 Other current liabilities 121,457 112,258 125,826
 Current liabilities  5,032,843 3,497,864 4,732,509
 





 
 Taxes and contributions 55,557 229,462 55,621
 Long term debt 2,325,453 2,648,157 2,823,267
 Pension plan - Telos  338,982 358,343 339,368
 Other non-current liabilities 27,008 915 915
 Non-current liabilities 2,747,000 3,236,877 3,219,171
 





 
 Deferred income 121,889 132,038 119,343
 Minority interest 224,083 244,625 237,184
 Paid in capital 2,273,913 2,273,913 2,273,913
 Income reserves 1,912,113 1,912,113 1,912,113
 Treasury stock  (41,635) (41,101) (41,635)
 Retained earnings 575,402 1,201,747 463,409
 Shareholders' equity 4,719,793 5,346,672 4,607,800
 
Total liabilities and shareholders'
 
 equity  12,845,608 12,458,076 12,916,007
 





 





 
Total borrowed funds 4,891,935 3,728,110 5,183,450
Net debt 4,004,944 3,075,957 4,426,757
Net debt/Shareholders equity 0.85 0.58 0.96