Toyota Caetano Portugal, S.A.

Quarterly Report • Nov 29, 2013

Interim Financial Reporting Third quarter of 2013

= Consolidated Accounts = (Non-Audited)

Issued under CMVM Regulation nº 5/2008 and in accordance with IAS34

Management Report

The most recent news point to improved prospects for a slow recovery in economic activity within the Eurozone. According to the Banco de Portugal publication on the indicator situation, Opinion Surveys from the European Commission carried out up to August 2013, most confidence indicators (consumers, retail trade, services and construction) showed some improvements compared to the second quarter, except for the processing industry, where confidence levels remained stable.

In this sense, data published by ACAP (Portuguese Automotive Association) show positive developments in the automotive sector for sales to September compared to the same period for light passenger vehicles (+6.7%) and more moderate trends in light commercial vehicles (+1.0%). However, Grupo Toyota Caetano Portugal experienced a drop in turnover due to the reduction in commercial vehicles' sales, resulting from the discontinuation of the Hiace product and the drop in Dyna product sales for European markets. These falls were not offset by the increase in light passenger vehicles' sales. The increase in sales of light passenger vehicles, compared to the previous year, namely the Yaris and Auris products (Table 1), enabled the make to maintain its market share, but this was not enough to generate a positive change in turnover. The decrease of about 24% recorded by the company headquarted in Cape Verde - Caetano Auto CV, also contributed to the reduction in this item in consolidated terms. This business unit reflected the effects of the economic crisis that Cape Verde is now experiencing.

Table 1 – Accumulated registrations from January to September 2013 and 1012

In its ongoing efforts to find advantages in synergies, Grupo Toyota Caetano Portugal started another restructuring process in the automotive retail sector, with the merger of the following companies: CAISB - Companhia Administradora Imobiliária São Bernardo, S.A., (real estate company whose properties are at the service of Caetano Auto, S.A.,) Auto Partner - Comércio de Automóveis, S.A. and Caetano Colisão Norte, S.A., in the company Caetano Auto, S.A. which groups all Toyota sales and after-sales regional activity. This is expected to have an impact at the level of structural cost reductions.

The outlook for the final quarter of 2013 should see accumulated income close to the break-even, in line with the budget outlined for the period, thus allowing Grupo Toyota Caetano Portugal, through the group's continued efforts, to maintain a sound balance sheet and a good level of financial autonomy in the view of potential investors.

Vila Nova de Gaia, 27 November 2013

Alexandra Maria Pacheco Gama Junqueira José Reis da Silva Ramos – Chairman

Certified Accountant The Board of Directors Takeshi Numa Daniele Schillaci Maria Angelina Martins Caetano Ramos Salvador Acácio Martins Caetano Miguel Pedro Caetano Ramos Rui Manuel Machado de Noronha Mendes

TOYOTA CAETANO PORTUGAL, S.A.

CONSOLIDATED STATEMENT OF FINANCIAL POSITION AT AT 30 SEPTEMBER 2013, 31 DECEMBER 2012

ASSETS	Notes	30-09-2013	31-12-2012
NON-CURRENT ASSETS
Goodwill		611.997	611.997
Intangible Assets		627.410	735.848
Tangible Fixed Assets		78.008.378	83.466.849
Investment property		15.635.540	16.002.786
Available for sale Investments		3.302.077	3.181.038
Other Credits		313.000	313.000
Deferred tax		3.397.336	3.440.928
Accounts Receivable		62.555	111.718
Total non-current assets		101.958.293	107.864.164
CURRENT ASSETS Inventories		48.316.398	44.835.859
Accounts Receivable		39.237.486	42.891.844
Other Credits		6.231.835	7.657.930
Public Entities		40.402	228.104
Other Current Assets		2.147.166	2.995.638
Cash and cash equivalents	4	8.441.082	7.507.699
Total current assets		104.414.369	106.117.074
Total assets		206.372.662	213.981.238
SHAREHOLDERS' EQUITY & LIABILITIES
EQUITY
Share capital	5	35.000.000	35.000.000
Legal Reserve		7.498.903	7.498.903
Revaluation reserves		6.195.184	6.195.184
Translation reserves		(1.695.238)	(1.695.238)
Fair value reserves		221.394	102.455
Other Reserve		81.324.069	84.174.774
Net Income		(892.858) 127.651.454	(2.853.034) 128.423.044
Non-controlled Interests		707.588	812.346
Total equity		128.359.042	129.235.390
LIABILITIES:
NON-CURRENT LIABILITIES
Loans		13.608.038	15.442.693
Pension Fund liabilities		499.600	1.051.264
Provisions		324.024	315.464
Deferred tax		2.499.172	2.499.172
Total non-current liabilities		16.930.834	19.308.593
CURRENT LIABILITIES
Loans		17.950.263	24.991.635
Accounts Payable		23.626.480	18.105.176
Other Creditors		2.186.350	2.445.622
Public Entities		3.643.530	5.925.322
Other current liabilities		13.471.448	13.364.892
Derivative financial instruments		204.715	604.608
Total current liabilities		61.082.786	65.437.255
Total liabilities and shareholder' equity		206.372.662	213.981.238

The notes to the financial statements integrates this statement for the period ending at 30 September 2013 .

ALEXANDRA MARIA PACHECO GAMA JUNQUEIRA JOSE REIS DA SILVA RAMOS –President

CHARTERED ACCOUNTANT BOARD OF DIRECTORS TAKESHI NUMA DANIELE SCHILLACI MARIA ANGELINA MARTINS CAETANO RAMOS SALVADOR ACÁCIO MARTINS CAETANO MIGUEL PEDRO CAETANO RAMOS RUI MANUEL MACHADO DE NORONHA MENDES

CONSOLIDATED INCOME STATEMENT

FOR THE PERIOD ENDED AT 30 SEPTEMBER 2013 and 2012

	Notes	30-09-2013	30-09-2012
Operational Income: Sales Service Rendered Other Operating Income Variation of Products	7 7	144.383.579 13.297.783 25.046.706 (875.908) 181.852.160	150.300.532 14.902.557 24.308.619 (3.120.785) 186.390.923
Operational Costs: Cost of sales External Supplies and Services Payroll Expenses Depreciations and Amortizations Provisions and Impairment loss Other Operating expenses		(117.711.634) (24.943.918) (26.403.681) (10.407.663) 123.153 (2.012.684) (181.356.427)	(119.588.851) (25.190.614) (27.379.000) (12.876.773) 621.703 (2.754.005) (187.167.540)
Operational Income		495.733	(776.617)
Finance costs Finance Income	8 8	(2.089.758) 718.927	(2.844.707) 299.215
Profit before taxation		(875.098)	(3.322.109)
Income tax for the year		(119.132) (994.230)	269.799 (3.052.310)
Net profit for the period		(994.230)	(3.052.310)
Net profit for the period from continuing operations attributable to: Equity holders of the parent Minority interest		(892.858) (101.372) (994.230)	(2.870.314) (181.996) (3.052.310)
Net profit for the period from discontinued operations attributable to: Equity holders of the parent Minority interest		- -	- -
Net profit for the period attributable to: Equity holders of the parent Non-controlled interest		- (892.858) (101.372) (994.230)	- (2.870.314) (181.996) (3.052.310)
Earnings per share:
from continuing operations		-0,028	-0,087
from discontinued operations Basic		- -0,028	- -0,087
from continuing operations from discontinued operations		-0,028 -	-0,087 -
Diluted		-0,028	-0,087

The notes to the financial statements integrates this statement for the period ending at 30 September 2013 .

CHARTERED ACCOUNTANT BOARD OF DIRECTORS ALEXANDRA MARIA PACHECO GAMA JUNQUEIRA JOSE REIS DA SILVA RAMOS –President TAKESHI NUMA DANIELE SCHILLACI MARIA ANGELINA MARTINS CAETANO RAMOS SALVADOR ACÁCIO MARTINS CAETANO MIGUEL PEDRO CAETANO RAMOS RUI MANUEL MACHADO DE NORONHA MENDES

CONSOLIDATED INCOME STATEMENT

FOR THE PERIOD ENDED AT 30 SEPTEMBER 2013 and 2012

		01-07 a 30-09-2013			01-07 a 30-09-2012
	Notes	30-09-2013	non audit	30-09-2012	non audit
Operational Income:
Sales	7	144.383.579	45.692.149	150.300.532	42.863.386
Service Rendered	7	13.297.783	4.521.986	14.902.557	5.108.874
Other Operating Income		25.046.706	8.204.735	24.308.619	7.949.854
Variation of Products		(875.908)	(1.580.938)	(3.120.785)	(2.640.113)
		181.852.160	56.837.932	186.390.923	53.282.001
Operational Costs:
Cost of sales		(117.711.634) ( )	(35.991.465) ( )	(119.588.851) ( )	(31.877.270) ( )
External Supplies and Services		(24.943.918)	(7.935.478)	(25.190.614)	(7.414.546)
Payroll Expenses		(26.403.681)	(8.128.919)	(27.379.000)	(8.634.577)
Depreciations and Amortizations		(10.407.663)	(3.611.374)	(12.876.773)	(4.402.120)
Provisions and Impairment loss		123.153	(3.386)	621.703	991.750
Other Operating expenses		(2.012.684)	(1.037.524)	(2.754.005)	(1.625.161)
		(181.356.427)	(56.708.146)	(187.167.540)	(52.961.924)
Operational Income		495.733	129.786	(776.617)	320.077
Finance costs	8	(2.089.758)	(589.845)	(2.844.707)	(1.111.726)
Finance Income	8	718.927	228.946	299.215	199.141
Profit before taxation		(875.098)	(231.113)	(3.322.109)	(592.508)
Income tax for the year		(119.132)	235.067	269.799	(105.687)
		(994.230)	3.954	(3.052.310)	(698.195)
Net profit for the period		(994.230)	3.954	(3.052.310)	(698.195)
Net profit for the period from continuing operations attributable to:
Equity holders of the parent		(892.858)	30.234	(2.870.314)	(634.506)
Minority interest y		(101.372) ( )	(26.280) ( )	(181.996) ( )	(63.689) ( )
		(994.230)	3.954	(3.052.310)	(698.195)
Net profit for the period from discontinued operations attributable to:
Equity holders of the parent		-	-	-	-
Minority interest		-	-	-	-
		-	-	-	-
Net profit for the for the period attributable to attributable to:
Equity holders of the parent		(892.858)	30.234	(2.870.314)	(634.506)
Non-controlled interest		(101.372) (994.230)	(26.280) 3.954	(181.996) (3.052.310)	(63.689) (698.195)
Earnings per share:
from continuing operations		-0,028	0,000	-0,087	-0,020
from discontinued operations		-	-	-	-
Basic		-0,028	0,000	-0,087	-0,020
from continuing operations from continuing from discontinued operations		-0,028 -	0,000 -	-0,087 -	-0,020 -
Diluted		-0,028	0,000	-0,087	-0,020

The notes to the financial statements integrates this statement for the period ending at 30 September 2013 .

CHARTERED ACCOUNTANT BOARD OF DIRECTORS ALEXANDRA MARIA PACHECO GAMA JOSE REIS DA SILVA

ALEXANDRA MARIA PACHECO GAMA JUNQUEIRA JOSE REIS DA SILVA RAMOS –President TAKESHI NUMA DANIELE SCHILLACI MARIA ANGELINA MARTINS CAETANO RAMOS SALVADOR ACÁCIO MARTINS CAETANO MIGUEL PEDRO CAETANO RAMOS RUI MANUEL MACHADO DE NORONHA MENDES

EQUITY MOVEMENTS IN CONSOLIDATED STATEMENT

FOR THE PERIOD ENDED AT 30 SEPTEMBER 2013 and 2012

(Amounts expressed in Euros)

			Ca	ital ribu tab le t att p	nt c o p are om pan	y
	Sha re ital cap	Leg al Re ser ves	Re lua tion ava Re ser ves	Tra nsl atio n res erv es	Fa ir v alu e res erv es	Oth er Re ser ve	To tal res erv es	Ne t fit pro	Su bto tal	No roll ed ont n-c Inte ts res	To tal
Ba lan 31 of De ber 20 11 at ces cem	35. 000 .00 0	7.4 98. 903	6.1 95. 184	( 1.6 95. 238 )	14. 396	86. 270 .79 5	98. 284 .04 0	( 2.2 18. 405 )	131 .06 5.6 35	1.0 58. 180	132 .12 3.8 15
Ch in t he iod ang es per : of Co Ap lica tion the lida ted Ne t In e 2 011 p nso com	-	-	-	-	-	( ) 2.2 18. 405	( ) 2.2 18. 405	2.2 18. 405	-	-	-
Oth ers Su bto tal	- -	- -	- -	- -	- -	- ( ) 2.2 18. 405	- ( ) 2.2 18. 405	- 2.2 18. 405	- -	( 9.8 18) ( 18) 9.8	( 9.8 18) ( 18) 9.8
Co lida ted reh ive inc nso co mp ens om e	-	-	-	-	125 .73 1	( 15. 518 )	110 .21 3	( 2.8 70. 314 )	( 2.7 60. 101 )	( 181 .99 7)	( 2.9 42. 098 )
Se Ba lan at 30 of tem ber 20 12 ces p	35. 000 .00 0	7.4 98. 903	6.1 95. 184	( ) 1.6 95. 238	140 .12 7	84. 036 .87 2	96. 175 .84 8	( ) 2.8 70. 314	128 .30 5.5 34	866 .36 5	129 .17 1.8 99
of Ba lan at 31 De ber 20 12 ces cem	35. 000 .00 0	7.4 98. 903	6.1 95. 184	( ) 1.6 95. 238	102 .45 5	84. 174 .77 4	96. 276 .07 8	( ) 2.8 53. 034	128 .42 3.0 44	812 .34 6	129 .23 5.3 90
Ch in t he iod ang es per :							-
Ap lica tion of the Co lida ted Ne t In e 2 012 p nso com	-	-	-	-	-	( 2.8 53. 034 )	( 2.8 53. 034 )	2.8 53. 034	-	-	-
Oth ers	-	-	-	-	-	2.3 29	2.3 29	-	2.3 29	( 3.3 86)	( 1.0 57)
Su bto tal	-	-	-	-	-	( ) 2.8 50. 705	( ) 2.8 50. 705	2.8 53. 034	2.3 29	( 86) 3.3	( 57) 1.0
Co lida ted reh ive inc nso co mp ens om e	-	-	-	-	118 .93 9	-	118 .93 9	( 892 .85 8)	( 773 .91 9)	( 101 .37 2)	( 875 .29 1)
Ba lan at 30 of Se tem ber 20 13 ces p	35. 000 .00 0	7.4 98. 903	6.1 95. 184	( 1.6 95. 238 )	221 .39 4	81. 324 .06 9	93. 544 .31 2	( 892 .85 8)	127 .65 1.4 54	707 .58 8	128 .35 9.0 42

The notes to the financial statements integrates this statement for the period ending at 30 September 2013 .

CHARTERED ACCOUNTANT

ALEXANDRA MARIA PACHECO GAMA JUNQUEIRA

BOARD OF DIRECTORS JOSE REIS DA SILVA RAMOS –President TAKESHI NUMADANIELE SCHILLACIMARIA ANGELINA MARTINS CAETANO RAMOSSALVADOR ACÁCIO MARTINS CAETANOMIGUEL PEDRO CAETANO RAMOSRUI MANUEL MACHADO DE NORONHA MENDES

CONSOLIDATED STATEMENT OF THE COMPREHENSIVE INCOME FOR THE PERIOD ENDING AT 30 SEPTEMBER 2013 AND 2012

(Amounts expressed in Euros)

	IAS/IFRS 30-09-2013	IAS/IFRS 30-09-2012
Consolidated net profit for the period, including non-controlled interest	(994.230)	(3.052.310)
Components of other consolidated comprehensive income, net of tax:
Available for sale Investments fair value changes Others	118.939 -	125.731 (15.519)
Consolidated comprehensive income	(875.291)	(2.942.098)
Atributable to: Equity holders of the parent company Non-controlled interest	(773.919) (101.372)	(2.760.101) (181.997)

The notes to the consolidated financial statments integrates this statement for the period ending at 30 September 2013.

CHARTERED ACCONTANT BOARD OF DIRECTORS ALEXANDRA MARIA PACHECO GAMA JUNQUEIRA JOSÉ REIS DA SILVA RAMOS – Presidente

TAKESHI NUMA DANIELE SCHILLACI MARIA ANGELINA MARTINS CAETANO RAMOS SALVADOR ACÁCIO MARTINS CAETANO MIGUEL PEDRO CAETANO RAMOS RUI MANUEL MACHADO DE NORONHA MENDES

= UNAUDITED ACCOUNTS =

STATEMENT OF CONSOLIDATED CASH FLOWS FOR THE THREE MONTH PERIOD ENDED AS OF 30 SEPTEMBER 2013 AND 2012

			01-07 a 30-09-2013		01-07 a 30-09-2012
Operating Activities		30-09-2013	non audit	30-09-2012	non audit
Collections from Customers		179.625.414	59.513.643	191.030.637	55.095.248
Payments to Suppliers		(139.259.121)	(50.578.246)	(136.097.107)	(42.027.737)
Payments to Personnel		(22.163.249)	(6.880.730)	(22.995.059)	(7.336.723)
	Operating Flow	18.203.044	2.054.667	31.938.471	5.730.788
Payments of Income Tax		(829.253)	(148.980)	686.681	1.082.958
Other Collections/Payments Related to Operating Activities		(6.586.208)	(4.882.615)	(19.314.517)	(6.901.188)
	Flow in Operating Activities(1)	10.787.583	(2.976.928)	13.310.635	(87.442)
Investing Activities
Collections from:
Tangible Fixed Assets		7.412.928	3.092.438	18.437.761	12.286.711
Subsidies		9.972	-	11.893	-
Interest and Others		146.527	79.804	235.304	234.528
		7.569.427	3.172.242	18.684.958	12.521.239
Payments to:
Investments		-	-	(5.000.000)	-
Tangible Fixed Assets		(5.173.751)	(2.004.738)	(11.174.720)	(3.859.178)
Intangible Fixed Assets		(5.000)	-	-	594
		(5.178.751)	(2.004.738)	(16.174.720)	(3.858.584)
	Flow in Investing Activities(2)	2.390.676	1.167.504	2.510.238	8.662.655
Financing Activities
Collections from:
Loan		144.588	128.151	12.112.478	10.532.693
		144.588	128.151	12.112.478	10.532.693
Payments to:
Loan		(9.045.586)	3.248.323	(32.096.917)	(20.253.540)
Lease Down Payments		(1.083.763)	1.163.425	(1.074.123)	(356.941)
Interest and Others		(2.252.557)	(690.135)	(2.876.939)	(1.127.941)
Dividends		(7.558)	-	(3.985)	-
		(12.389.464)	3.721.613	(36.051.964)	(21.738.422)
	Flow in Financing Activities(3)	(12.244.876)	3.849.764	(23.939.486)	(11.205.729)
CASH (4)= (1)+(2)+(3)		933.383	2.040.340	(8.118.613)	(2.630.516)
Cash and Cash Equivalents at Beginning of Period		7.507.699	6.400.742	18.006.247	12.518.150
Changes in Perimeter		-	-	-	-
Cash and Cash Equivalents at End of Period		8.441.082	8.441.082	9.887.634	9.887.634

CHARTERED ACCOUNTANT BOARD OF DIRECTORS

ALEXANDRA MARIA PACHECO GAMA JUNQUEIRA JOSÉ REIS DA SILVA RAMOS - Presidente

TAKESHI NUMA DANIELE SCHILLACI MARIA ANGELINA MARTINS CAETANO RAMOS SALVADOR ACÁCIO MARTINS CAETANO MIGUEL PEDRO CAETANO RAMOS RUI MANUEL MACHADO DE NORONHA MENDES

1. INTRODUCTION

Toyota Caetano Portugal, S.A. ("Toyota Caetano" or "the Company") was incorporated in 1946, with its head office in Vila Nova de Gaia, and is the Parent Company of a Group ("Toyota Caetano Group"), whose companies mainly develop economic activities included in the automotive industry, namely the import, assembly and retail of light and heavy vehicles, production of buses, retail and rentals of cargo movement industrial equipment (forklifts), retail of vehicles spare parts, as well as the corresponding technical assistance.

Toyota Caetano Group develops its activity in Portugal and in Cabo Verde.

Toyota Caetano shares are listed in Euronext Lisboa stock exchange since October 1987.

As of 30 September 2013, the companies included in Toyota Caetano Group, their headquarters and the abbreviations used, are as follows:

With headquarters in Portugal:
Toyota Caetano Portugal, S.A. ("Parent company")	Vila Nova de Gaia
Saltano – Investimentos e Gestão, S.G.P.S., S.A. ("Saltano")	Vila Nova de Gaia
Caetano Components, S.A. ("Caetano Components")	Vila Nova de Gaia
Caetano Renting, S.A. ("Caetano Rent")	Vila Nova de Gaia
Caetano Auto, S.A. ("Caetano Auto")	Vila Nova de Gaia
Caetano Retail (Norte) II SGPS, S.A. ("Caetano Retail SGPS")	Vila Nova de Gaia
Auto Partner-Comércio de Automóveis, S.A. ("Auto Partner")	Vila Nova de Gaia
Caetano Colisão (Norte), S.A. ("Caetano Colisão")	Vila Nova de Gaia
Movicargo – Movimentação Industrial, Lda. ("Movicargo")	Vila Nova de Gaia
Caisb - Companhia Administradora Imobiliária São Bernardo, SA ("Caisb")	Vila Nova de Gaia

The attached financial statements are stated in Euros (rounded by the unit), as this is the functional currency used in the economic environment where the Group operates.

2. BASIS OF PRESENTATION AND PRINCIPAL ACCOUNTING POLICIES

BASIS OF PRESENTATION

Interim financial statements are presented in accordance with IAS 34 – "Interim Financial Reporting".

These interim financial statements, prepared in accordance with the above mentioned framework, do not include all the required information to be included in the annual consolidated financial statements. Therefore, they should be read along with the consolidated financial statements as of 31 December 2012.

The accompanying consolidated financial statements have been prepared on a going concern basis and under the historical cost convention, except for some financial instruments which are stated at fair value, from the books and accounting records of the companies included in consolidation.

During the preparation of the accompanying consolidated financial statements, estimates were used which have an impact on the recorded amounts of assets and liabilities, as well as in recorded expenses and income in the period. However, all estimates and assumptions made by the Board of Directors were based on the best knowledge of events and transactions in course, available at the date of approval of these consolidated financial statements.

CONSOLIDATION PRINCIPLES AND PRINCIPLE ACCOUNTING PRINCIPLES

The accompanying financial statements were prepared in accordance with the accounting policies disclosed in the notes to the consolidated financial statements as of 31 December 2012.

During the three months ended September 30, 2013, there were no changes in accounting policies or material errors relating to prior year.

4. CASH AND CASH EQUIVALENTS

As of 30 September 2013 and 2012, the caption "Cash and cash equivalents" was as follows:

	Sep-13	Sep-12
Cash	213.679	142.865
Bank Deposits	8.227.403	9.744.769
	8.441.082	9.887.634

5. SHARE CAPITAL

As of 30 September 2013, the Company's share capital, fully subscribed and paid for, consisted of 35.000.000 bearer shares, with a nominal value of 1 Euro each.

The entities with over 20% of subscribed capital are as follows:

- Grupo Salvador Caetano – SGPS, S.A.	60,82%
- Toyota Motor Europe NV/SA	27,00%

6. SEGMENT INFORMATION

During the period ended as of 30 September 2013 and 31 December 2012, the detail in segment information was as follows:

								2013
		NATIONAL								FOREIGN
	Vehicles			Industrial equipments Others			Vehicles		Industrial equipments			REMOVALS	CONSOLIDATED
	Industrie	Commercial	Services	Rental	machines	Services	Rental		Industrie	Commercial machines Services Rental
PROFIT
External Sales		7.035.926 180.322.017 13.499.382			3.476.954 4.284.550 1.455.921		8.131.397	296.352		8.718.674 10.141.476 308.294		11.083	5.090	(72.747.042)	164.940.071
Income
Operacional income	(1.415.853)	1.036.810	(58.707)	614.017		(253.199) 1.039.655	1.771.220	281.636	(1.708.177)	(82.367)	10.276	7.216	1.308	(748.101)	495.733
Financial Income	(34.689)	(313.883)	(1.068)	369	(12.004)	(8.238)	(933.181)	1.088	(48.430)	(19.210)	(2.199)	(57)	(30)	701	(1.370.831)
Net income w ith non-controlled interests	(1.450.542)	434.936	(104.187)	614.386		(265.203) 1.031.417	838.038	282.724	(1.756.607)	(108.001)	8.077	7.159	1.278	(527.705)	(994.230)
Total consolidated assests		42.673.966 206.491.286 13.999.314		13.250.154 3.985.931			334.507 35.758.970 35.207.174		-	8.448.594	-	-	-	(153.777.233)	206.372.662
Total consolidated liabilities	16.570.480	92.226.136	9.891.327	11.327.232 1.239.369			117.686 15.468.684 14.802.259		-	1.777.272	-	-	-	(85.406.824)	78.013.620
Capital expenses	447.325	1.327.002	79.669	1.455.555	36.377	6.778	1.033.802	-	-	36.516	-	-	-	37.685	4.460.708
Depreciations	1.218.088	3.515.328	261.246	2.301.280	90.530	16.868	2.748.025	11.293	-	179.690	-	-	-	65.313	10.407.663

								2012
		NATIONAL								FOREIGN
	Vehicles			Industrial equipments Others				Vehicles		Industrial equipments		REMOVALS	CONSOLIDATED
	Industrie	Commercial	Services	Rental	machines	Services	Rental		Industrie	Commercial machines Services Rental
PROFIT
External Sales		17.860.022 221.986.655 16.066.946				8.481.851 5.953.214 2.203.462 10.846.112		830.899		14.444.297 17.952.367 241.402		8.845	3.260	(90.798.176)	226.081.156
Income
Operacional income	(2.418.586)	1.308.264	(188.634)	199.498		(145.379) 1.376.414	1.232.603	(1.590)	(1.902.171)	231.859	10.466	8.130	249	(747.563)	(1.036.441)
Financial Income	(239.587)	(1.200.749)	7.012	(343.288)	(59.091)	(33.837)	(730.847)	(262.765)	(214.357)	(83.366)	(5.635)	(109)	(59)	262.851	(2.903.825)
Net income w ith non-controlled interests	(2.526.877)	40.797	(177.135)	57.254		(204.699) 1.321.559	552.671	(299.023)	(2.116.528)	147.514	4.755	7.896	187	102.574	(3.089.055)
Total consolidated assests		47.968.779 194.585.943 12.780.481 11.317.037 4.013.852					123.646 38.630.140 36.291.428			- 10.333.877	-	-	-	(142.063.943)	213.981.238
Total consolidated liabilities	17.319.123	85.943.532	8.506.652	9.793.572 1.160.926			40.499 14.098.451 14.749.903		-	3.131.898	-	-	-	(69.998.708)	84.745.848
Capital expenses	432.411	1.835.463		38.824 (1.787.234)	52.592	3.166	1.995.544	-	-	400.512	-	-	-	6.223.167	9.194.446
Depreciations	1.836.275	4.807.511	375.947	4.273.906	130.509	7.857	4.315.033	-	-	303.044	-	-	-	(318.482)	15.731.600

= UNAUDITED ACCOUNTS =

7. SALES AND SERVICES RENDERED BY GEOGRAPHIC MARKETS AND BY ACTIVITIES

The detail of sales and services rendered by geographic markets, for the period ended as of 30 September 2013 and 2012, was as follows:

	Sep13		Sep-12
Mercado	Amount	%	Amount	%
National	141.508.235	89,74%	145.309.024	87,96%
Belgium	8.106.425	5,14%	9.009.607	5,45%
African Countries with official Portuguese Language	6.660.023	4,22%	8.632.323	5,23%
Spain	312.992	0,20%	25.547	0,02%
Germany	232.612	0,15%	1.556.503	0,94%
United Kingdom	138.589	0,09%	133.474	0,08%
Others	722.486	0,46%	536.610	0,32%
	157.681.362	100,00%	165.203.089	100,00%

Additionally, sales and services rendered by activity were as follows:

	Sep-13		Sep-12
Activity	Amount	%	Amount	%
Vehicles	104.208.600	66,09%	106.980.996	64,76%
Spare parts	34.831.559	22,09%	36.367.699	22,01%
Repairs and after sales services	10.038.409	6,37%	11.061.478	6,70%
Others	8.602.794	5,46%	10.792.916	6,53%
	157.681.362	100,00%	165.203.089	100,00%

7. FINANCIAL RESULTS

The detail of financial results for the period ended as of 30 September 2013 and 2012, was as follows:

Expenses and Losses	Set-13	Set-12
Interest	1.619.105	2.054.891
Other Financial Expenses	470.653	789.816
	2.089.758	2.844.707

Income and Gains	Set-13	Set-12
Interest	319.034	299.215
Other Income and Gains	399.893	-
	718.927	299.215

The caption other income and financial gain refers to changes in the fair value of derivatives.

8. EXPLANATION ADDED FOR TRANSLATION

These consolidated financial statements are a translation of financial statements originally issued in Portuguese in accordance with International Financial Reporting Standards (IFRS/IAS), some of which may not conform or be required by generally accepted accounting principles in other countries. In the event of discrepancies, the Portuguese language version prevails.