Cemig Financial Statements 2011: A Review

The 2011 financial year was a significant period for Cemig (Companhia Energética de Minas Gerais), a major Brazilian energy company. Analyzing its financial statements for that year provides valuable insights into the company’s performance, financial health, and strategic direction.

One key aspect to consider is Cemig’s revenue generation. In 2011, the company likely derived its revenue primarily from electricity generation, transmission, and distribution. The performance of the Brazilian economy, specifically in the state of Minas Gerais, directly impacted energy demand and, consequently, Cemig’s revenue stream. Any slowdown in industrial activity or consumer spending would have had a noticeable effect. Specific figures regarding revenue sources and overall growth are crucial for a complete understanding of this period.

On the expense side, Cemig faced several challenges. Fuel costs for thermal power plants, transmission and distribution infrastructure maintenance, and personnel expenses are significant operational expenses. Furthermore, interest expenses related to debt financing played a considerable role. The cost of servicing debt, particularly if a substantial portion was denominated in foreign currencies, would have been susceptible to fluctuations in exchange rates.

The balance sheet provides a snapshot of Cemig’s assets, liabilities, and equity at the end of 2011. Analyzing the asset side reveals the extent of the company’s investments in power generation plants, transmission lines, and distribution networks. Examining the liability side sheds light on the company’s debt structure, including short-term and long-term obligations. The equity section reflects the accumulated profits and reserves of the company.

Profitability metrics, such as gross profit margin, operating profit margin, and net profit margin, are essential for assessing Cemig’s efficiency. A comparison of these margins with previous years and with its peers in the energy sector reveals trends in operational effectiveness. The company’s return on equity (ROE) and return on assets (ROA) indicate how effectively it deployed its capital to generate profits.

Cash flow statements offer a look at how Cemig generated and utilized cash during 2011. Understanding cash flow from operating activities, investing activities, and financing activities is crucial for evaluating the company’s ability to meet its short-term obligations, fund investments, and pay dividends. Strong positive cash flow from operations indicates a healthy core business.

Furthermore, the regulatory environment and government policies played a vital role in shaping Cemig’s financial performance in 2011. Changes in electricity tariffs, government subsidies, and environmental regulations could have had a considerable impact on the company’s profitability and investment decisions. A detailed analysis would incorporate the specific regulations in place during that period.

In conclusion, a thorough examination of Cemig’s 2011 financial statements necessitates a comprehensive analysis of revenue, expenses, assets, liabilities, equity, and cash flows, while also considering the broader economic and regulatory context. Specific figures and comparisons to industry benchmarks are crucial for a complete and nuanced understanding of Cemig’s performance during this pivotal year.

768×1024 conta cemig from www.scribd.com

828×259 cemig relacoes investidores from ri.cemig.com.br

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