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DOSSIER
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DOSSIER DOSS DO IER E › Gestão G stão de Ativos Ge t Físicos
GESTÃO DE ATIVOS FÍSICOS 44 50 56
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3RU 5DÕO 'ÎULD
*HVW¾R GH $WLYRV )ÈVLFRV 1HVWH QÕPHUR GR 'RVVLHU 7ÄFQLFR DERUGDPRV XP WHPD TXH VHQGR PXLWR LPSRUWDQWH SDUD R 5HVSRQV¼YHO GD 0DQXWHQ¾R R Ä WDPEÄP SDUD RV 5HVSRQV¼YHLV GH XPD HPSUHVD s D *HVW¾R GH $WLYRV )ÈVLFRV
VH SURSÐH GH XPD IRUPD RUJDQL]DGD FRQVLVWHQWH H VXVWHQWDGD (VVD JHVW¾R HƬFLHQWH GHYHU¼ VHU REVHU YDGD SRU WRGRV RV QÈYHLV GD HVWUXWXUD
3DUD TXH XPD TXDOTXHU HPSUHVD SRVVD
GR DWLYR GHYHQGR VHU PD[LPL]DGRV RV
GD HPSUHVD FDEHQGR » 0DQXWHQ¾R
DOFDQÂDU RV REMHWLYRV D TXH VH SURSÏV
YDORUHV LQYHVWLGRV H DR PHVPR WHPSR
XPD TXRWD SDUWH PXLWR LPSRUWDQWH
DTXDQGR GD VXD FRQVWLWXL¾R GHYHU¼
VDWLVIHLWRV RV DQVHLRV GRV UHVSHWLYRV
QD REWHQ¾R GH ERQV UHVXOWDGRV SDUD
SRVVXLU XPD JHVW¾R HƬFLHQWH GRV VHXV
LQYHVWLGRUHV DFLRQLVWDV
DOÄP GH RWLPL]DU RV FXVWRV GH LQGLV
DWLYRV
SRQLELOLGDGH GR DWLYR GH HQHUJLD GH $V DERUGDJHQV H DQ¼OLVHV VREUH D JHV
SHVVRDO GH SHÂDV GH VWRFN H SHUPLWLU
$V LQVWDODÂÐHV IDEULV RV HGLIÈFLRV RV
W¾R GH DWLYRV LQLFLDUDP VH QR SHUÈRGR
TXH D HPSUHVD SRVVD DWXDU H GDU XPD
HTXLSDPHQWRV P¼TXLQDV RX YHÈFXORV H
FRPSUHHQGLGR HQWUH RV ƬQDLV GD GÄFD
UHVSRVWD ¼JLO QXP PHUFDGR FDGD YH]
RXWURV V¾R H[HPSORV GH DWLYRV IÈVLFRV
GD GH H LQÈFLR GRV DQRV GR VÄFXOR
PDLV JOREDO
VREUH RV TXDLV RV GHFLVRUHV GHYHU¾R
SDVVDGR WHQGR FRP SRQWRV GH GLVFXV
FHQWUDU WRGDV DV VXDV DWHQÂÐHV 7RGRV
V¾R pFRPR PDQWHU H GLPLQXLU RV FXVWRV
0DQXWHQ¾R Ä SHGLGD H LPSRVWD XPD
WÅP XP YDORU DTXDQGR GD VXD DTXLVL¾R
GH PDQXWHQ¾R GRV HTXLSDPHQWRV GH
FRQVWDQWH IRUPD¾R DWXDOL]D¾R SRU
PDV TXH GHYHU¾R VHU UHQWDELOL]DGRV GX
XPD HPSUHVD PD[LPL]DQGR RV UHVXOWD
IRUPD D FRUUHVSRQGHU DRV DQVHLRV GRV
UDQWH R UHVSHWLYR pFLFOR GH YLGDq
GRV ƬQDQFHLURV GH FDGD XPD q
DFLRQLVWDV H DGPLQLVWUDGRUHV
$ *HVW¾R GH FDGD $WLYR FRPSUHHQGH
'DGD D JUDQGH LPSRUW½QFLD GR WHPD
2 WHPD GH p*HVW¾R GH $WLYRV )ÈVLFRVq
XP FRQMXQWR GH HWDSDV TXH YDL GHVGH D
IRL D QÈYHO LQWHUQDFLRQDO pFULDGDq D 1RU
EHP FRPR H[SOLFDÂÐHV VREUH D 1RUPD
VXD FRQFH¾R HVWXGR SUÄYLR DWÄ DR VHX
PD ,62 1HOD HVW¾R FRQVDJUDGRV
,62 VHU¼ DERUGDGR QDV S¼JLQDV
DEDWH SDVVDQGR SHOR SODQHDPHQWR VH
RV GLYHUVRV SRQWRV SDUD XPD JHVW¾R
VHJXLQWHV RQGH SRGHUHPRV DSUHQGHU
OH¾R DTXLVL¾R IRUPD¾R XWLOL]D¾R
HƬFLHQWH GRV DWLYRV R TXH SHUPLWLU¼ D
H DSUHHQGHU XP SRXFR PDLV VREUH HVWH
PDQXWHQ¾R H UHQRYD¾R VXEVWLWXL¾R
FDGD HPSUHVD DWLQJLU RV REMHWLYRV D TXH
LPSRUWDQWH DVSHWR GD JHVW¾R M