Gross Debt
The Corporation ended the year with consolidated gross debt of R$11.0 billion, compared to R$8.9
billion in December 2013.
Of the total debt, 15.0% is short-term and 85.0% is long-term, and 8.4% is denominated in Brazilian
real and 91.6% in other currencies. In comparison with, 19.5% of the Group’s revenues are generated
in Brazilian Real and 80.5% in other currencies.
The weighted average cost of our consolidated bank debt stood at 7.7%.