EFTA01367026.pdf

Amendment #4 Page 597 of 868 1 able Conlon. Renova Energy Projects I Combined statements of cash flows for the years ended December 31, 2014 and 2013 Amounts in thousands of Brazilian Reais—R$ 11041 2014 2013 CAS-I FLOWS FROM OPERATING ACTIVITIES Net Income 24.229 43,860 Acliustmerts to reconole Net Income to cash provided by operatrg actrates Degeoetion and smodizaton 7 80,073 06,919 Interest on [converge 17 69725 73,446 Debt issuance ants 8 617 615 Interest m short4erm imestments arse restncted deposes 17 (19,963) (12.103) (Increase) decrease in cc:twang assets Trade receivables (1.554) — Read and recoverable taxes (1,700) (829) Other assets (954) 1,088 Increase (decrease) in operatrrg Iodides Trade payables 6,394 (50.138) Taxes payable 10831 8.095 Energy balance-CCEE/Setrotras. net 6 17,752 309 Other payables (18) 47 Cther men flows from operating acts/ties Income and smell contribution taxes paid (8,633) (7,909) Interest paid on borrowings 8 (69,721) (54,532) Net cash provided by operating actwitres 94.998 68,758 CASH FLOWS FROM NVESTING ACT &RIES Short4erm investments 18,764 (7.940) Restricted deposits 7,524 (33,488) Purchase of property plant and equipment (8.064) (14,285) Net cash provided Of (uSed in) imesting adheres 18,224 (55.713) CASH FLOWS FROM FINANCING ACTIV/TIES Proceeds from borrowings 8 7,313 2,752 Paymerts on torrowrgs 8 (67,43) (47.721) Net contnbtatan from parent 12,258 51,227 Payrnert of dvidends 14 (52,050) (121:00) Net cash used n financing adrvties (99.912) (5.742) INCREASE IN CASH AND CASH EQUIVALENTS 13.310 7,303 Cash and cash equivalents at Spasm of year 4 20.799 13.498 Cash and alai equivalents at end of year 4 34,109 20,799 INCREASE IN CASH AND CASH EQUIVALENTS 13,310 7,303 T/4 osorromryln; nolo• Man irtwesipena/ One comberd renew tassas F.277 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058554 CONFIDENTIAL SDNY_GM_00204738 EFTA01367026