BALANCE SHEET AS OF DECEMBER 31
( UNDER THE CORPORATE LAW )
( Expressed in thousands of Reais )
ASSETS		2001	2000
CURRENT ASSETS		86.547	86.719
Cash and Cash Equivalents/Investments		55.908	55.392
Trade Receivables		15.131	15.822
Inventories		11.159	11.919
Receivables		2.219	1.362
Prepaid Expenses		2.130	2.224
LONG-TERM ASSETS		11.434	11.286
Eletrobrás Credits		575	575
Deferred Income Tax		5.586	5.076
Blocked Deposits and Other Credits		5.273	5.635
PERMANENT ASSETS		120.534	110.951
Investiments		8	8
Property, Plant and Equipment		111.818	103.688
Deferred Charges		8.708	7.255
TOTAL ASSETS		218.515	208.956
LIABILITIES		2001	2000
CURRENT LIABILITIES		23.659	22.908
Trade Payables		3.827	8.777
Personnel Obligations		1.617	1.657
Taxes and Accounts Payable		5.261	4.506
Financial Institutions		9.297	5.691
Dividends and Participations		3.657	2.277
LONG-TERM LIABILITIES		39.903	39.991
Financial Institutions		21.056	22.108
Deferred Income Tax		0	75
Taxes and Obligations Payable		18.847	17.808
SHAREHOLDERS EQUITY		154.953	146.057
Capital		116.726	116.726
Capital Reserves		87	0
Revenue Reserves		38.140	29.331
TOTAL LIABILITIES		218.515	208.956