BALANCE SHEET AS OF DECEMBER 31,
	( Expressed in thousands of Reais )
	A S S E T S
		PARENT COMPANY			CONSOLIDATED
		2005		2004	2005	2004
	CURRENT ASSETS	247.243		234.748	247.245	234.795
	Cash and Cash Equivalents / Investments	42.033		20.733	42.033	20.779
	Clients - Trade Receivables	76.579		97.577	76.581	97.578
	Inventories	86.055		82.460	86.055	82.460
	Taxes to be Offset	40.208		30.969	40.208	30.969
	Receivables	1.046		1.115	1.046	1.115
	Prepaid Expenses	1.322		1.894	1.322	1.894
	LONG-TERM ASSETS	34.026		32.594	34.026	32.594
	Deferred Taxes	10.194		9.676	10.194	9.676
	Judicial Deposits	18.817		18.689	18.817	18.689
	Taxes Recoverable	3.852		3.036	3.852	3.036
	Blocked Deposits and Other Credits	1.163		1.193	1.163	1.193
	PERMANENT ASSETS	267.304		226.872	265.758	225.074
	Investments	8.984		7.643	7.438	5.845
	Property, Plant and Equipement	203.557		162.222	203.557	162.222
	Deferred Charges	20.705		17.648	20.705	17.648
	Unamortized Premium	34.058		39.359	34.058	39.359
	TOTAL ASSETS	548.573		494.214	547.029	492.463
	L I A B I L I T I E S
		PARENT COMPANY			CONSOLIDATED
		2005		2004	2005	2004
	CURRENT LIABILITIES	76.017		97.333	75.035	96.218
	Suppliers - Trade Payable	25.791		22.724	25.793	22.725
	Personnel	5.951		6.950	5.951	6.950
	Taxes and Accounts Payable	12.468		19.953	11.484	18.837
	Financial Institutions	21.652		28.672	21.652	28.672
	Dividends and Participations	10.155		19.034	10.155	19.034
	LONG-TERM LIABILITIES	154.910		109.445	154.348	108.809
	Financial Institutions	73.414		31.385	73.414	31.385
	Provision for Taxes and Contributions	55.816		52.038	55.816	52.038
	Provision for Contingencies	25.118		25.386	25.118	25.386
	Controlled Company	562		636
	SHAREHOLDERS' EQUITY	317.646		287.436	317.646	287.436
	Capital	200.000		175.000	200.000	175.000
	Capital Reserves	42.808		42.032	42.808	42.032
	Revenue Reserves	74.838		70.404	74.838	70.404
	TOTAL LIABILITIES	548.573		494.214	547.029	492.463
	The accompanying notes are an integral part of these financial statements