The debt to EBITDA ratio reduced from 3.7x in 2004 to 2.9x in 2005; also; short-term debt to total debt reduced to 11.4% as a result of the successful indebtedness management policy adopted by Management.

	1995	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005
Net Operating Revenue (in millions of R$)	1,910	2,411	2,902	3,101	3,236	3,356	3,435	3,767	4,131	4,397	4,953
Net profit (loss) in millions of R$)	26	58	280	542	(235)	521	216	(651)	833	513	866
LAJIDA (in millions of R$)	974	1,156	1,376	1,638	1,873	1,868	1,786	1,860	2,076	1,927	2,286
LAJIDA margin - %	51.0	47.9	47.4	52.8	57.9	55.7	52.0	49.4	50.3	43.8	46.1
Payable debt/LAJIDA - x	3.1	3.1	3.1	3.0	3.1	3.2	3.6	4.2	3.5	3.7	2.9
Short-term debt/Total debt-%	5.5	15.5	17.6	17.5	14.3	6.4	8.5	16.9	13.7	21.2	11.4
Total liabilities/Total assets-%	34.1	37.0	39.6	42.3	45.3	45.6	49.8	55.7	54.2	52.6	51.3