*HVW¾R GH $WLYRV H D 3$6 s XP QRYR SDUDGLJPD"
M
50
DOSSIER › Gestão de Ativos Físicos
9DOÄULD 6LPÐHV GH 0DUFR (QJHQKHLUD (OHWULFLVWD s ()(, &RRUGHQDGRUD GR 3URJUDPD GH 0RQLWRUL]D¾R GD (ƬF¼FLD GD 0DQXWHQ¾R QD *HVW¾R GD 0DQXWHQ¾R ,QWHJUDGD GD (OHWUREU¼V (OHWURQXFOHDU 6 $ &HUWLƬHG 5HOLDELOLW\ 3URIHVVLRQDO &53 5HOLDVRIW
118 119
5(6802
H DSURSULDGDPHQWH TXDOLƬFDGDV H SRU
RV VHXV ULVFRV H GHVSHVDV DR ORQJR GR
2 GRFXPHQWR 3$6 Ä XPD HVSHFLƬ
LVVR Q¾R HVSHFLƬFD pFRPR H R TXH ID
FLFOR GH YLGD REMHWLYDQGR D HVWUDWÄJLD
FD¾R GLVSRQÈYHO SXEOLFDPHQWH TXH IRL
]HUq SDUD FXPSULU RV UHTXLVLWRV PDV
RUJDQL]DFLRQDO
HPLWLGD HP SHOD %ULWLVK 6WDQGDUV
TXDOTXHU SURƬVVLRQDO TXH GHWÅP FR
,QVWLWXWLRQ %6, HP UHVSRVWD » SURFXUD
QKHFLPHQWRV GH HQJHQKDULD GH ƬDELOL
$ 3$6 FODVVLƬFD DV FDWHJRULDV GH
GD LQGÕVWULD SRU XP SDGU¾R GH *HVW¾R
GDGH SHUFHEH TXH WRGDV DV VXDV IHUUD
DWLYRV TXH GHYHP VHU JHULGRV SDUD DWLQ
GH $WLYRV H Q¾R GHYH VHU FRQVLGHUDGD
PHQWDV H HVWUDWÄJLDV V¾R DSOLF¼YHLV QR
JLU R SODQHDPHQWR HVWUDWÄJLFR RUJDQL
FRPR 1RUPD %ULW½QLFD HPERUD DSUH
DWHQGLPHQWR GRV UHTXLVLWRV
]DFLRQDO DWLYRV IÈVLFRV DWLYRV KXPDQRV
VHQWH UHTXLVLWRV H GHƬQLÂÐHV FOD
GH LQIRUPD¾R ƬQDQFHLURV H DWLYRV LQD
UDV QHFHVV¼ULDV SDUD LPSODQWDU H DXGL
2 REMHWLYR GHVWH DUWLJR Ä PRVWUDU TXH
WLQJÈYHLV UHSXWD¾R PRUDO SURSULHGD
WDU XP VLVWHPD GH JHVW¾R DEUDQJHQWH H
DV HVWUDWÄJLDV QHFHVV¼ULDV SDUD D H[FH
GH LQWHOHWXDO SRUÄP R DOYR GD 3$6
RWLPL]DGR SDUD WRGR R FLFOR GH YLGD GH
OÅQFLD GD *HVW¾R GH $WLYRV GD 3$6
IRFD VH QD *HVW¾R GH $WLYRV )ÈVLFRV H VÎ
TXDOTXHU DWLYR IÈVLFR $ 3$6 GLUHFLR
V¾R GR FRQKHFLPHQWR GD PDLRULD GDV
FRQVLGHUD DV GHPDLV FDWHJRULDV TXDQGR
QD VH SULQFLSDOPHQWH SDUD R GHVHPSH
HPSUHVDV PDV Q¾R V¾R SUDWLFDGDV
HVWDV FDXVDP LPSDFWR QD JHVW¾R RWLPL
QKR R ULVFR H R FXVWR GRV DWLYRV Ƭ[RV
]DGD GH DWLYRV IÈVLFRV 1¾R Ä SRVVÈYHO GHVHMDU XPD HƬFD]
¤ DSOLF¼YHO D TXDOTXHU RUJDQL]D¾R QD
*HVW¾R GH $WLYRV VH R SURFHVVR GH JHV
TXDO RV DWLYRV IÈVLFRV VHMDP IDWRUHV FKD
W¾R GD PDQXWHQ¾R Q¾R FRQWHPSOD R
YH RX FUÈWLFRV SDUD JDUDQWLU DV VXDV PH
SODQHDPHQWR H FRQWUROR QD PDQXWHQ
(6758785$ '2 6,67(0$ '( *(67 2 3$6
WDV GH QHJÎFLR
¾R JHVW¾R GH FRQWUDWRV VLVWHPD LQ
$ 3$6 Ä RUJDQL]DGD GH DFRUGR FRP D
IRUPDWL]DGR SDUD HPLVV¾R GH RUGHQV
HVWUXWXUD 3'&$ 3ODQHDU s 'HVHQYROYHU
$ UHYLV¾R GH UHƮHWH R FUHVFHQWH
GH VHUYLÂR H UHJLVWRV GH GDGRV SÎV PD
s &RQWURODU s $JLU FRQIRUPH GHPRQV
FRQVHQVR LQWHUQDFLRQDO VREUH DV ERDV
QXWHQ¾R WUHLQR H IRUPD¾R GRV SUR
WUD D )LJXUD
SU¼WLFDV H[LJLGDV QD JHVW¾R GRV DWLYRV
ƬVVLRQDLV FXPSULPHQWR DV 1RUPDV H
Ƭ[RV
UHTXLVLWRV OHJDLV LQGLFDGRUHV GH PD
$ *HVW¾R GH $WLYRV HQYROYH WÄFQLFDV H
QXWHQ¾R DQ¼OLVH GH PRGRV GH IDOKDV
IHUUDPHQWDV SDUD LQWHUSUHWDU DV LQIRU
$ 3$6 IRL SXEOLFDGD SHOR %6, GLYLGLGD
H FDXVD UDL] PDQXWHQ¾R EDVHDGD QD
PDÂÐHV H GDGRV REWLGRV SHODV ¼UHDV GH
HP SDUWHV TXH D $VVRFLD¾R %UDVLOHLUD
FRQGL¾R PDQXWHQ¾R SUHGLWLYD SUR
RSHUD¾R H PDQXWHQ¾R PDLV DEUDQ
GH 0DQXWHQ¾R $%5$0$1 WUDGX]LX H
JUDPD GH PDQXWHQ¾R SUHYHQWLYD LP
JHQWHV GR TXH VLPSOHVPHQWH DTXHODV
SXEOLFRX HP OÈQJXD SRUWXJXHVD
SOHPHQWDGR H FRQWLQXDPHQWH DYDOLDGR
XWLOL]DGDV SDUD PDQWHU RV HTXLSDPHQ
s 3DUWH (VSHFLƬFD¾R SDUD D JHV
SHOD PDQXWHQ¾R FHQWUDGD HP ƬDELOL
WRV HP FRQGLÂÐHV GH RSHUD¾R
W¾R RWLPL]DGD GH DWLYRV IÈVLFRV
GDGH DQ¼OLVH GH ƬDELOLGDGH H GLVSRQLEL
s 3DUWH s 'LUHWUL]HV SDUD D DSOLFD ¾R GR 3$6 (VW¼ HP GHVHQYROYLPHQWR QR ,QWHUQD
OLGDGH H PDQXWHQ¾R GRV VLVWHPDV FUÈWL
¤ QHFHVV¼ULR FRQHWDU DV GHFLVÐHV VREUH
FRV DQ¼OLVH H JHVW¾R GH ULVFR H DQ¼OLVH
RV DWLYRV DRV REMHWLYRV HVWUDWÄJLFRV GD
GH GDGRV GH YLGD GRV HTXLSDPHQWRV H
HPSUHVD FRQVLGHUDU RV VLVWHPDV H Q¾R
FRPSRQHQWHV
VRPHQWH DV VXDV SDUWHV WHU HP FRQWD
WLRQDO 2UJDQL]DWLRQ IRU 6WDQGDUGL]DWLRQ
WRGR R FLFOR GH YLGD FRQVLGHUDU H JHULU
,62 R SURMHWR SDUD WUDQVIRUPDU D HVSH
3DODYUDV FKDYH
DV LQFHUWH]DV H OHYDU DRV VWDNHKROGHUV DO
FLƬFD¾R 3$6 HP 1RUPDV
)LDELOLGDGH 'LVSRQLELOLGDGH *HVW¾R GH
WHUQDWLYDV GH GHFLVÐHV TXH SRVVDP VHU
s ,62 s $VVHW 0DQDJHPHQW s
$WLYRV *HVW¾R GD 0DQXWHQ¾R *HVW¾R
HQWHQGLGDV
2YHUYLHZ 3ULQFLSOHV DQG 7HUPLQRORJ\
GH 5LVFR H 0DQXWHQ¾R
s ,62 s $VVHW 0DQDJHPHQW
$ *HVW¾R GH $WLYRV HQYROYH XP FRQMXQ
s 5HTXLUHPHQWV
WR GH DWLYLGDGHV DVVRFLDGDV » VHJXUDQ
,1752'8¢ 2
ÂD ƬDELOLGDGH GLVSRQLELOLGDGH LQIUDHV
s *XLGHOLQHV RQ WKH $SSOLFDWLRQ RI
$ *HVW¾R GH $WLYRV Ä GHƬQLGD QD 3$6
WUXWXUD H FXVWR
,62
FRPR DV DWLYLGDGHV H SU¼WLFDV H[H
s ,62 s $VVHW 0DQDJHPHQW
FXWDGDV GH PDQHLUD VLVWHP¼WLFD H FR
1¾R Ä SRVVÈYHO JHULU RV DWLYRV VHP FR
1D SUHSDUD¾R GD 3$6 IRL DVVXPL
RUGHQDGD DWUDYÄV GDV TXDLV XPD RUJD
QKHFHU D ƬDELOLGDGH H D GLVSRQLELOLGD
GR TXH D H[HFX¾R GDV VXDV SUHVFULÂÐHV
QL]D¾R RWLPL]D H JHUH RV VHXV DWLYRV H
GH GRV VLVWHPDV H FRPSRQHQWHV FUÈWL
VHU¼ HQWUHJXH D SHVVRDV H[SHULHQWHV
RV VLVWHPDV DWLYRV R VHX GHVHPSHQKR
FRV DR ORQJR GR WHPSR GH RSHUD¾R RV