BM&FBOVESPA S.A.

- Bolsa de Valores, Mercadorias e Futuros

Demonstrao do resultado (consolidado) / Income statement (consolidated)
Variao Variao Variao
(Em milhares de Reais, exceto quando indicado) (In thousand of Brazilian Reals, unless otherwise indicated) 4T16 4T15 3T16 2016 2015
4T16/4T15 4T16/3T16 2016/2015
Receita total Total revenues 691,907 603,290 14.7% 621,281 11.4% 2,576,426 2,458,847 4.8%
Neg. e/ou Liq - BM&F Trading/settlement - BM&F 259,853 258,822 0.4% 240,550 8.0% 1,050,397 1,074,531 -2.2%
Derivativos Derivatives 254,984 253,168 0.7% 235,975 8.1% 1,030,072 1,053,513 -2.2%
Cmbio Foreign Exchange 4,869 5,654 -13.9% 4,575 6.4% 20,325 20,894 -2.7%
Ativos Securities - - - - - - 124 -
Neg. e/ou Liq. - Bovespa Trading/Settlement - Bovespa 272,923 222,807 22.5% 241,795 12.9% 977,848 903,016 8.3%
Negociao - emolumentos de prego Trading fees 43,537 38,591 12.8% 38,745 12.4% 156,613 146,645 6.8%
Transaes - compensao e liquidao Clearing fees 224,209 177,806 26.1% 198,567 12.9% 802,558 734,866 9.2%
Outras Others 5,177 6,410 -19.2% 4,483 15.5% 18,677 21,505 -13.2%
Outras receitas Other revenues 159,131 121,661 30.8% 138,936 14.5% 548,181 481,300 13.9%
Emprstimos de valores mobilirios Securities lending 26,311 25,463 3.3% 30,179 -12.8% 103,975 103,203 0.7%
Listagem de valores mobilirios Listing 13,336 12,233 9.0% 13,129 1.6% 52,935 50,058 5.7%
Depositria, custdia e back-office Depository, custody and back-office 51,240 27,724 84.8% 47,409 8.1% 177,706 130,829 35.8%
Acesso dos participantes de negociao Trading access (Brokers) 8,415 9,833 -14.4% 8,654 -2.8% 36,186 39,493 -8.4%
Vendors - cotaes e info. de mercado Vendors 25,444 30,234 -15.8% 24,624 3.3% 101,563 98,434 3.2%
Banco BM&FBOVESPA BM&FBOVESPA bank 11,024 9,991 10.3% 9,880 11.6% 39,804 35,161 13.2%
Outras Others 23,361 6,183 277.8% 5,061 361.6% 36,012 24,122 49.3%
Dedues da receita Revenue deductions (68,254) (60,060) 13.6% (62,135) 9.8% (255,645) (242,213) 5.5%
PIS e Cofins PIS and Cofins (58,444) (51,980) 12.4% (53,456) 9.3% (220,500) (210,591) 4.7%
Impostos sobre servios Service tax (9,810) (8,080) 21.4% (8,679) 13.0% (35,145) (31,622) 11.1%
Receita lquida Net revenues 623,653 543,230 14.8% 559,146 11.5% 2,320,781 2,216,634 4.7%
Despesas Expenses (309,229) (213,394) 44.9% (446,143) -30.7% (1,226,195) (850,656) 44.1%
Pessoal e encargos Personnel (167,671) (106,539) 57.4% (105,206) 59.4% (505,105) (443,006) 14.0%
Processamento de dados Data processing (37,581) (31,993) 17.5% (36,882) 1.9% (144,648) (122,020) 18.5%
Depreciao e amortizao Deprec. and amortization (25,604) (26,035) -1.7% (25,136) 1.9% (98,320) (110,857) -11.3%
Servios de terceiros Third-party services (14,935) (11,416) 30.8% (14,396) 3.7% (45,530) (41,052) 10.9%
Manuteno em geral Maintenance (4,634) (4,332) 7.0% (3,927) 18.0% (16,102) (14,210) 13.3%
Comunicaes Communication (1,187) (1,341) -11.5% (1,376) -13.7% (5,292) (5,749) -7.9%
Promoo e divulgao Marketing (6,508) (3,910) 66.4% (1,683) 286.7% (11,396) (11,944) -4.6%
Impostos e taxas Taxes (2,516) (2,740) -8.2% (1,706) 47.5% (7,869) (8,212) -4.2%
Honorrios do conselho/comits Board/comittees compensation (2,508) (2,355) 6.5% (2,467) 1.7% (9,798) (9,149) 7.1%
Operao com a Cetip Transaction with Cetip (9,674) - - (7,163) 35.1% (65,629) - -
Diversas Others (36,411) (22,733) 60.2% (246,201) -85.2% (316,506) (84,457) 274.8%
Resultado operacional Operating income 314,424 329,836 -4.7% 113,003 178.2% 1,094,586 1,365,978 -19.9%
Margem operacional Operating margin 50.4% 60.7% -1.030 bps 20.2% 3.021 bps 47.2% 61.6% -1.446 bps
Reduo ao valor recupervel de ativos Impairment - (1,662,681) - - - - (1,662,681) -
Resultado de equivalncia patrimonial Equity in income of investees - - - - - - 136,245 -
Descontinuidade do mtodo de equivalncia patrimonial Discontinuity of the equity method - - - - - - 1,734,889 -
Resultado de alienao de investimentos em coligadas Gain on disposal of investment in associate - - - - - - 723,995 -
Resultado financeiro Financial result 188,206 289,822 -35.1% 221,525 -15.0% 151,984 508,796 -70.1%
Receitas financeiras Financial income 328,433 336,327 -2.3% 325,116 1.0% 1,167,300 745,707 56.5%
Despesas financeiras Financial expenses (140,227) (46,505) 201.5% (103,591) 35.4% (442,516) (236,911) 86.8%
Alienao das aes do CME Group Divestment from CME Group shares - - - - - (572,800) - -
Resultado antes da tributao sobre o lucro Income before taxes 502,630 (1,043,023) 148.2% 334,528 50.3% 1,246,570 2,807,222 -55.6%
Imposto de renda e contribuio social Income tax and social contribution 425,439 635,537 -33.1% (41,870) -1116.1% 199,494 (603,764) -133.0%
Corrente Current 782,618 170,156 359.9% (5,922) -13315.4% (144,391) (45,558) 216.9%
Diferido Deferred (357,179) 465,381 -176.7% (35,948) 893.6% 343,885 (558,206) -161.6%
Lucro (prejuzo) lquido do perodo Net income (loss) 928,069 (407,486) 327.8% 292,658 217.1% 1,446,064 2,203,458 -34.4%
Margem lquida Net margin 148.8% -75.0% 22.382 bps 52.3% 9.647 bps 62.3% 99.4% -3.710 bps
Atribudos aos: Attributable to:
Acionistas da BM&FBOVESPA BM&FBOVESPAs shareholders 927,871 (407,747) 327.6% 293,466 216.2% 1,446,263 2,202,238 -34.3%
Margem lquida net Margin 148.8% -75.1% 22.384 bps 52.5% 9.630 bps 62.3% 99.4% -3.703 bps
Participao dos no controladores Minority interest 198 261 -24.1% (808) -124.5% (199) 1,220 -116.3%

Mdia ponderada de aes em circulao Sharecount 1,787,390,007 1,787,049,094 0.0% 1,787,403,276 0.0% 1,786,929,084 1,791,892,507 -0.3%
LPA atrib. aos acionistas da BM&FBOVESPA (em R$) EPS attrib. to BM&FBOVESPAs shareholders 0.519121 (0.228802) 326.9% 0.164186 216.2% 0.809357 1.229001 -34.1%

Lucro lquido ex-impactos extraordinrios Adjusted net income ex-extraordinary impacts 524,913 704,205 -25.5% 453,166 15.8% 1,814,889 1,694,973 7.1%
Despesas ajustadas Adjusted expenses (206,648) (170,435) 21.2% (155,470) 32.9% (653,129) (614,350) 6.3%

Ajustes nas despesas Adjustments to expenses 4T16 4T15 Var. 3T16 Var. 2016 2015 Var.
Despesas Expenses (309,229) (213,394) 44.9% (446,143) -30.7% (1,226,195) (850,656) 44.1%
(+) Depreciao (+) Depreciation 25,604 26,035 -1.7% 25,136 1.9% 98,320 110,857 -11.3%
(+) Concesso/opo de aes (+) Stock grant/option 57,538 14,082 308.6% 21,084 172.9% 145,217 98,981 46.7%
(+) Proposta de combinao de operaes com a Cetip (+) Proposed business combination with Cetip 2,409 - - 704 242.2% 50,303 - -
(+) Planejamento da integrao de operaes com a Cetip (+) Planning of the business integration with Cetip 7,265 - - 6,459 12.5% 15,327 - -
(+) Provises e outras (+) Provisions and others 9,765 2,842 243.6% 237,291 -95.9% 263,900 26,468 897.0%
Despesas ajustadas Adjusted expenses (206,648) (170,435) 21.2% (155,470) 32.9% (653,129) (614,350) 6.3%

Ajustes nas despesas com pessoal Adjustments to personnel expenses 4T16 4T15 Var. 3T16 Var. 2016 2015 Var.
Pessoal Personnel (167,671) (106,539) 57.4% (105,206) 59.4% (505,105) (443,006) 14.0%
(+) Concesso/opo de aes (+) Stock grant/option 57,538 14,082 308.6% 21,084 172.9% 145,217 98,981 46.7%
Despesas de pessoal ajustadas Adjusted personel expenses (110,133) (92,457) 19.1% (84,122) 30.9% (359,888) (344,025) 4.6%

Ajustes no lucro lquido (impactos extraordinrios) Adjustments to net income (extraordinary impacts) 4T16 4T15 Var. 3T16 Var. 2016 2015 Var.
Lucro (prejuzo) lquido (atribudos aos acionistas) Net income (loss) 927,871 (407,747) 327.6% 293,466 216.2% 1,446,263 2,202,238 -34.3%
(+) Desp. extraordinria com concesso de aes (lq. de imposto) (+) Non-recurring expenses with stock grant (net of tax) 22,358 - - - - 33,973 - -
(+) Despesas relacionadas operao com a Cetip (lq. de imposto) (+) Expenses related to Cetips transaction (net of tax) 6,385 - - 4,728 35.1% 43,315 - -
(+) Ajuste ganho de capital na alienao das aes do CME Group (+) CME Group shares sale capital gain adjustment (431,701) - - - - (431,701) - -
(+) Despesas no recorrentes com provises (lquido de imposto) (+) Non-recurring expenses with provisions (net of tax) - - - 154,972 - 154,972 - -
(+) Alienao das aes do CME Group (lq. de imposto) (+) Divestment from CME Group shares (net of tax) - - - - - 557,276 - -
(+) IOF sobre a venda de aes do CME Group (lq. de imposto) (+) IOF on proceeds from CME Group shares sale (net of tax) - - - - - 10,791 - -
(-) Des. mtodo de equivalncia (lquido de imposto) (-) Discontinuity of the Equity method (net of tax) - 14,583 - - - - (1,130,444) -
(-) Res. Alienao de investimentos em coligadas (lquido de imposto) (-) Gain on disposal of investment in associate (net of tax) - - - - - - (474,191) -
(+) Reduo ao valor recupervel de ativos (lquido de imposto) (+) Impairment (net of tax) - 1,097,370 - - - - 1,097,370 -
Lucro lquido ex-impactos extraordinrios Adjusted net income ex-extraordinary impacts 524,913 704,205 -25.5% 453,166 15.8% 1,814,889 1,694,973 7.1%