Cover
Cover | 12 Months Ended |
Dec. 31, 2019shares | |
Cover [Abstract] | |
Entity Registrant Name | ENERGY CO OF PARANA |
Entity Central Index Key | 0001041792 |
Document Type | 20-F |
Document Period End Date | Dec. 31, 2019 |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
Entity Shell Company | false |
Document Transition Report | false |
Document Shell Company Report | false |
Document Annual Report | true |
Entity Interactive Data Current | No |
Entity Incorporation, State or Country Code | D5 |
Document Accounting Standard | International Financial Reporting Standards |
Entity Common Stock, Shares Outstanding | 0 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2019 |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
CURRENT ASSETS | ||
Cash and cash equivalents | R$ 2941727 | R$ 1948409 |
Bonds and securities | 3,112 | 124,862 |
Collaterals and escrow accounts | 147 | 203 |
Trade accounts receivable | 3,120,168 | 2,944,091 |
Dividends receivable | 70,092 | 76,672 |
CRC transferred to the Parana State Government | 219,236 | 190,876 |
Sectorial financial assets | 355,570 | 421,184 |
Accounts receivable - concessions | 58,842 | 53,177 |
Contract assets | 107,443 | 85,019 |
Other current receivables | 426,865 | 363,250 |
Inventories | 130,442 | 116,285 |
Income tax and social contribution receivable | 236,929 | 152,157 |
Other current recoverable taxes | 205,060 | 160,842 |
Prepaid expenses | 33,563 | 40,819 |
TOTAL CURRENT ASSETS | 7,909,196 | 6,677,846 |
Long Term Assets | ||
Bonds and securities | 278,969 | 219,434 |
Other temporary investments | 27,734 | 19,511 |
Collaterals and escrow accounts | 98,433 | 89,555 |
Trade accounts receivable | 62,399 | 162,915 |
CRC transferred to the Parana State Government | 1,131,449 | 1,254,166 |
Judicial deposits | 504,190 | 528,290 |
Sectorial financial assets | 118,419 | 257,635 |
Accounts receivable - concessions | 2,558,796 | 2,497,514 |
Contract assets | 3,943,941 | 3,348,211 |
Other noncurrent receivables | 661,759 | 228,894 |
Income tax and social contribution receivable | 142,532 | 166,384 |
Deferred income tax and social contribution | 1,011,866 | 1,007,061 |
Other noncurrent recoverable taxes | 322,011 | 231,400 |
Prepaid expenses | 132 | 3,290 |
Total long term asset | 10,862,630 | 10,014,260 |
Investments | 2,523,179 | 2,368,234 |
Property, plant and equipment | 10,592,103 | 10,840,663 |
Intangible assets | 6,332,611 | 6,029,097 |
Right-of-use asset | 92,831 | |
Total non current asset | 30,403,354 | 29,252,254 |
TOTAL ASSETS | 38,312,550 | 35,930,100 |
CURRENT LIABILITIES | ||
Payroll, social charges and accruals | 337,044 | 284,179 |
Accounts payable to suppliers | 1,685,280 | 1,419,243 |
Income tax and social contribution payable | 60,132 | 197,949 |
Other taxes due | 501,068 | 451,433 |
Loans and financing | 255,521 | 1,113,047 |
Debentures | 1,164,301 | 2,184,881 |
Dividend payable | 616,356 | 375,675 |
Post-employment benefits | 66,004 | 58,478 |
Sectorial charges due | 28,508 | 79,872 |
Research and development and Energy efficiency | 375,395 | 270,429 |
Accounts payable related to concession | 73,032 | 67,858 |
Lease liability | 33,573 | |
Other accounts payable | 149,407 | 192,070 |
TOTAL CURRENT LIABILITIES | 5,345,621 | 6,695,114 |
NONCURRENT LIABILITIES | ||
Accounts payable to suppliers | 187,913 | 49,956 |
Deferred income tax and social contribution | 293,666 | 157,420 |
Other taxes due | 662,114 | 796,732 |
Loans and financing | 2,886,862 | 2,934,260 |
Debentures | 7,265,409 | 5,333,250 |
Post-employment benefits | 1,128,932 | 910,285 |
Research and development and Energy efficiency | 282,776 | 322,306 |
Accounts payable related to concession | 539,555 | 516,305 |
Sectorial financial liabilities | 102,284 | 96,531 |
Lease liability | 63,031 | |
Other accounts payable | 349,462 | 116,954 |
Provisions for legal claims | 1,606,713 | 1,664,773 |
TOTAL NONCURRENT LIABILITIES | 15,368,717 | 12,898,772 |
Attributable to controlling shareholders | ||
Capital | 10,800,000 | 7,910,000 |
Equity valuation adjustments | 591,927 | 785,610 |
Legal reserve | 1,014,248 | 914,751 |
Profit retention reserve | 4,846,239 | 6,422,564 |
TOTAL EQUITY | 17,252,414 | 16,032,925 |
EQUITY - Attributable to non-controlling interests | ||
EQUITY - Attributable to controlling shareholders | 345,798 | 303,289 |
TOTAL EQUITY AFTER NON-CONTROLLING INTERESTS | 17,598,212 | 16,336,214 |
TOTAL LIABILITIES & EQUITY | R$ 38312550 | R$ 35930100 |
Consolidated Statements of Inco
Consolidated Statements of Income - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of classes of share capital [line items] | |||
NET OPERATING REVENUE | R$ 16244274 | R$ 14934780 | R$ 14024573 |
OPERATING COSTS | (11,760,176) | (11,501,688) | (10,665,890) |
GROSS PROFIT | 4,484,098 | 3,433,092 | 3,358,683 |
Operational expenses / income | |||
Selling expenses | (207,059) | (148,709) | (169,050) |
General and administrative expenses | (734,300) | (723,534) | (685,675) |
Other operational income (expenses) | (458,815) | (302,690) | (464,316) |
Equity in earnings of investees | 106,757 | 135,888 | 101,739 |
Total operational expenses / income | (1,293,417) | (1,039,045) | (1,217,302) |
PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 3,190,681 | 2,394,047 | 2,141,381 |
Financial results | |||
Financial income | 750,241 | 813,915 | 699,310 |
Financial expenses | (1,238,727) | (1,251,965) | (1,447,750) |
Total financial results | (488,486) | (438,050) | (748,440) |
OPERATING PROFIT | 2,702,195 | 1,955,997 | 1,392,941 |
INCOME TAX AND SOCIAL CONTRIBUTION | |||
Current | (433,555) | (580,065) | (379,943) |
Deferred | (205,771) | 68,072 | 105,257 |
TOTAL INCOME TAX AND SOCIAL CONTRIBUTION | (639,326) | (511,993) | (274,686) |
NET INCOME | 2,062,869 | 1,444,004 | 1,118,255 |
Attributed to controlling shareholders | 1,989,946 | 1,407,063 | 1,033,626 |
Attributed to non-controlling interest | R$ 72923 | R$ 36941 | R$ 84629 |
Common Shares [Member] | |||
BASIC AND DILUTED NET EARNING PER SHARE ATTRIBUTED TO CONTROLLING SHAREHOLDERS - Expressed in Brazilian Reais | |||
Shares | R$ 6.94344 | R$ 4.91091 | R$ 3.60754 |
Class "A" Preferred [Member] | |||
BASIC AND DILUTED NET EARNING PER SHARE ATTRIBUTED TO CONTROLLING SHAREHOLDERS - Expressed in Brazilian Reais | |||
Shares | 9.11525 | 5.40201 | 3.96830 |
Class "B" Preferred Stock [Member] | |||
BASIC AND DILUTED NET EARNING PER SHARE ATTRIBUTED TO CONTROLLING SHAREHOLDERS - Expressed in Brazilian Reais | |||
Shares | R$ 7.63812 | R$ 5.40201 | R$ 3.96830 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Statement of comprehensive income [abstract] | |||
NET INCOME | R$ 2062869 | R$ 1444004 | R$ 1118255 |
Gain (losses) on actuarial liabilities | |||
Post employment benefits | (186,628) | (58,354) | (46,506) |
Taxes on other comprehensive income | 63,444 | 19,994 | 16,827 |
Items that may be reclassified to profit or loss | |||
Adjustments related to financial assets | 0 | 0 | 26,138 |
Taxes on other comprehensive income | 0 | 0 | (8,888) |
Realization - gain on financial assets, net of tax | 0 | 0 | (18,909) |
Total comprehensive income, net of taxes | (123,184) | (38,360) | (31,338) |
TOTAL COMPREHENSIVE INCOME | 1,939,685 | 1,405,644 | 1,086,917 |
Attributed to controlling shareholders | 1,862,489 | 1,368,549 | 1,002,411 |
Attributed to non-controlling interest | R$ 77196 | R$ 37095 | R$ 84506 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - BRL (R$) R$ in Thousands | Capital [Member] | Equity Valuation Adjustments: Deemed Cost [Member] | Equity Valuation Adjustments: Other Comprehensive Income [Member] | Profit Reserves: Legal Reserve [Member] | Profit Reserves: Profit Retention Reserve [Member] | Accumulated Profit [Member] | Shareholders' Equity [Member] | Attributable to Non-Controlling Interests [Member] | Total |
Balance, beginning at Dec. 31, 2016 | R$ 7910000 | R$ 944956 | R$ 53510 | R$ 792716 | R$ 5016916 | R$ 14718098 | R$ 260044 | R$ 14978142 | |
Changes in equity | |||||||||
Net income (loss) | 1,033,626 | 1,033,626 | 84,629 | 1,118,255 | |||||
Other comprehensive income: Gain on financial assets, net of taxes | 17,250 | 17,250 | 17,250 | ||||||
Other comprehensive income: actuarial gain (losses), net of taxes | (29,556) | (29,556) | (123) | (29,679) | |||||
Realization - gain on financial assets, net of taxes | (18,909) | (18,909) | (18,909) | ||||||
Total comprehensive income | (31,215) | 1,033,626 | 1,002,411 | 84,506 | 1,086,917 | ||||
Realization - deemed cost, net of taxes | (71,650) | 71,650 | |||||||
Deliberation of additional dividends proposed | (11,053) | (11,053) | |||||||
Approval of additional dividends in accordance with the 62nd Annual General Meeting | (223,266) | (223,266) | (223,266) | ||||||
Allocation proposed to GSM: Legal reserve | 51,682 | (51,682) | |||||||
Allocation proposed to GSM: Interest on own capital | (266,000) | (266,000) | (266,000) | ||||||
Allocation proposed to GSM: Dividends | (23,401) | (23,401) | (30,836) | (54,237) | |||||
Allocation proposed to GSM: Profit retention reserve | 764,193 | (764,193) | |||||||
Balance, ending at Dec. 31, 2017 | 7,910,000 | 873,306 | 22,295 | 844,398 | 5,557,843 | 15,207,842 | 302,661 | 15,510,503 | |
Changes in equity | |||||||||
Adjustments arising from the adoption of IFRS15 and IFRS9 | (4,391) | (160,533) | (164,924) | (164,924) | |||||
Transfers to profit retention reserve | (160,533) | 160,533 | |||||||
Balance as of January 1, 2018 | 7,910,000 | 873,306 | 17,904 | 844,398 | 5,397,310 | 15,042,918 | 302,661 | 15,345,579 | |
Net income (loss) | 1,407,063 | 1,407,063 | 36,941 | 1,444,004 | |||||
Other comprehensive income: actuarial gain (losses), net of taxes | (38,514) | (38,514) | 154 | (38,360) | |||||
Realization - gain on financial assets, net of taxes | 0 | ||||||||
Total comprehensive income | (38,514) | 1,407,063 | 1,368,549 | 37,095 | 1,405,644 | ||||
Realization - deemed cost, net of taxes | (67,086) | 67,086 | |||||||
Allocation proposed to GSM: Legal reserve | 70,353 | (70,353) | |||||||
Allocation proposed to GSM: Interest on own capital | (280,000) | (280,000) | (280,000) | ||||||
Allocation proposed to GSM: Dividends | (98,542) | (98,542) | (36,467) | (135,009) | |||||
Allocation proposed to GSM: Profit retention reserve | 1,025,254 | (1,025,254) | |||||||
Balance, ending at Dec. 31, 2018 | 7,910,000 | 806,220 | (20,610) | 914,751 | 6,422,564 | 16,032,925 | 303,289 | 16,336,214 | |
Changes in equity | |||||||||
Net income (loss) | 1,989,946 | 1,989,946 | 72,923 | 2,062,869 | |||||
Other comprehensive income: actuarial gain (losses), net of taxes | (122,583) | (122,583) | (601) | (123,184) | |||||
Other comprehensive income: Gain (loss) with interest variation in Subsidiary | (4,874) | (4,874) | 4,874 | ||||||
Realization - gain on financial assets, net of taxes | 0 | ||||||||
Total comprehensive income | (127,457) | 1,989,946 | 1,862,489 | 77,196 | 1,939,685 | ||||
Realization - deemed cost, net of taxes | (66,226) | 66,226 | |||||||
Deliberation of additional dividends proposed | (3,335) | (3,335) | |||||||
Dividends | (7,838) | (7,838) | |||||||
Capital increase | 2,890,000 | (2,890,000) | |||||||
Allocation proposed to GSM: Legal reserve | 99,497 | (99,497) | |||||||
Allocation proposed to GSM: Interest on own capital | (643,000) | (643,000) | (643,000) | ||||||
Allocation proposed to GSM: Dividends | (23,514) | (23,514) | |||||||
Allocation proposed to GSM: Profit retention reserve | 1,313,675 | R$ 1313675 | |||||||
Balance, ending at Dec. 31, 2019 | R$ 10800000 | R$ 739994 | R$ 148067 | R$ 1014248 | R$ 4846239 | R$ 17252414 | R$ 345798 | R$ 17598212 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
CASH FLOWS FROM OPERATIONAL ACTIVITIES | |||
Net income | R$ 2062869 | R$ 1444004 | R$ 1118255 |
Adjustments to reconcile net income for the period with cash | |||
Unrealized monetary and cambial variation and debt charges - net | 815,061 | 767,751 | 900,610 |
Interest - bonus from the grant of concession agreements under the quota system | (91,404) | (85,986) | (82,160) |
Remuneration of transmission concession contracts | (501,566) | (351,544) | (490,925) |
Result of the adoption of the Special Tax Regularization Program | (154,197) | ||
Recovery of PIS / Pasep and Cofins on ICMS | (105,184) | ||
Income tax and social contribution | 433,555 | 580,065 | 379,943 |
Deferred income tax and social contribution | 205,771 | (68,072) | (105,257) |
Equity in earnings of investees | (106,757) | (135,888) | (101,739) |
Appropriation of acturial calculation of post-employment benefits | 99,578 | 97,900 | 97,511 |
Appropriation of pension and healthcare contributions | 138,974 | 151,215 | 153,069 |
Creation for research and development and energy efficiency programs | 130,678 | 125,369 | 118,753 |
Recognition of fair value of assets related to concession compensation | (36,646) | (47,499) | (57,080) |
Sectorial financial assets and liabilities result | (25,057) | (985,344) | (767,040) |
Depreciation and amortization | 1,093,836 | 749,179 | 731,599 |
Net operating estimated losses, provisions and reversals | 374,815 | 306,697 | 365,539 |
Result of business combination carried out with asset swap - gain | 1,414 | 3,769 | |
Realization of added value in business combinations | 1,536 | ||
Result of disposal of investment | (8,174) | (28,650) | |
Fair value in energy purchase and sale operations in the active market | (204,876) | (3,786) | |
Impairment of accounts receivable related to concession | 146 | 1,536 | 17 |
Loss on disposal of contract assets | 7,949 | 9,762 | |
Loss on disposal of property, plant and equipment | 158,084 | 68,450 | 64,508 |
Loss on disposal of intangible assets | 26,789 | 28,742 | 42,740 |
Result of write-offs of use rights of assets and liabilities of leases - net | (31) | ||
Total of adjustments to reconcile net income with cash generated from operating activities | 4,479,534 | 2,648,146 | 2,185,496 |
Decrease (increase) in assets | |||
Trade accounts receivable | 225,624 | 191,113 | (322,814) |
Dividends and interest on own capital received | 36,732 | 50,858 | 44,334 |
CRC transferred to the Government of the State of Parana | 278,586 | 260,117 | 97,085 |
Judicial deposits | 46,300 | 87,853 | 96,028 |
Sectorial financial assets | 277,265 | 482,974 | |
Other receivables | (55,191) | 17,292 | (44,193) |
Inventories | (14,220) | (5,726) | 20,078 |
Income tax and social contribution | (60,904) | 360,855 | 146,602 |
Other current taxes recoverable | (13,338) | (74,003) | 87,884 |
Prepaid expenses | 10,414 | 8,520 | 12,128 |
Related parties | (667) | ||
Total decrease (increase) in assets | 731,268 | 1,379,853 | 136,465 |
Increase (decrease) in liabilities | |||
Payroll, social charges and accruals | 52,792 | (29,845) | 26,170 |
Related parties | (59) | ||
Suppliers | 255,534 | (572,306) | 275,370 |
Other taxes | (132,330) | 75,234 | 24,795 |
Post-employment benefits | (199,007) | (204,809) | (200,848) |
Sectorial charges due | (51,442) | (70,507) | 8,313 |
Research and development and energy efficiency | (91,306) | (91,015) | (104,512) |
Payable related to the concession | (70,569) | (64,365) | (65,871) |
Accounts payable linked to the concession | 419,220 | ||
Other accounts payable | (51,484) | 103,464 | (101,062) |
Provisions for legal claims | (367,548) | (144,171) | (124,395) |
Total increase (decrease) in liabilities | (655,360) | (998,379) | 157,180 |
CASH GENERATED FROM OPERATING ACTIVITIES | 4,555,442 | 3,029,620 | 2,479,141 |
Income tax and social contribution paid | (575,210) | (468,552) | (335,087) |
Loans and financing - interest due and paid | (325,977) | (289,095) | (532,033) |
Debentures - interest due and paid | (700,119) | (501,002) | (622,815) |
Charges for lease liabilities paid | (9,130) | ||
NET CASH GENERATED FROM OPERATING ACTIVITIES | 2,945,006 | 1,770,971 | 989,206 |
CASH FLOWS FROM INVESTMENT ACTIVITIES | |||
Financial investments | 45,170 | (75,804) | 48,512 |
Loans and financing granted to related parties | (5,145) | ||
Receipt of loans and financing granted to related parties | 117,645 | 24,985 | |
Additions to contract assets | (1,042,093) | (792,835) | |
Customers contributions - contract assets | 104,067 | 106,764 | |
Acquisitions of subsidiaries - effect on cash | (123,794) | 7,998 | |
Investment disposal | 484,608 | ||
Additions in investments | (133,874) | (51,557) | (248,243) |
Capital reduction of investees | 35,035 | 35,280 | |
Additions to property, plant and equipment | (543,130) | (1,489,067) | (1,205,508) |
Customers contributions - property, plant and equipment | 12 | ||
Additions to intangible assets | (5,032) | (7,589) | (806,240) |
Customers contributions - intangible assets | 125,858 | ||
NET CASH (USED IN) GENERATED FROM INVESTING ACTIVITIES | (1,663,651) | (2,149,153) | (1,581,173) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Loans and financing obtained from third parties | 796,296 | 1,314,766 | 800,044 |
Issue of Debentures | 2,965,028 | 2,890,283 | 2,242,521 |
Payments of principal - loans and financing | (1,660,869) | (1,126,144) | (971,187) |
Payments of principal - debentures | (1,977,125) | (1,491,667) | (915,005) |
Amortization of principal of lease liabilities | (30,946) | ||
Dividends and interest on own capital paid | (380,421) | (300,722) | (506,404) |
NET CASH GENERATED FROM FINANCING ACTIVITIES | (288,037) | 1,286,516 | 649,969 |
TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | 993,318 | 908,334 | 58,002 |
Cash and cash equivalents at the beginning of the period | 1,948,409 | 1,040,075 | 982,073 |
Cash and cash equivalents at the end of the period | 2,941,727 | 1,948,409 | 1,040,075 |
CHANGE IN CASH AND CASH EQUIVALENTS | R$ 993318 | R$ 908334 | R$ 58002 |
1 Operations
1 Operations | 12 Months Ended |
Dec. 31, 2019 | |
Operations [Abstract] | |
Operations | 1 Operations Companhia Paranaense de Energia (Copel or Company), with its head office located at Rua Coronel Dulcídio, 800, Curitiba - State of Paraná, is a publicly-held mixed capital company controlled by the State of Paraná and its shares are traded at Corporate Governance Level 1 of the Special Listing Segments of B3 S.A. - Brasil, Bolsa Balcão Stock Exchange and also on the New York Stock Exchange (NYSE) and on the Madrid Stock Exchange, in the Latin American segment (Latibex). The core activities of Copel, which are regulated by the Brazilian Electricity Regulatory Agency (ANEEL), linked to the Brazilian Ministry of Mines and Energy (MME), are to carry out research, study, planning, and asset building activities related to the generation, transformation, distribution and trading of energy in any of its forms, primarily electricity. Furthermore, Copel participates in consortiums and in private sector and mixed-capital companies for the purpose of engaging in activities, primarily in the fields of energy, telecommunications and natural gas. 1.1 Copel’s equity interests Copel has direct and indirect interests in subsidiaries (1.1.1), joint ventures (1.1.2), associates (1.1.3) and joint operations (1.1.4). The changes in relation to equity interests as of December 31, 2018 were the business combination presented in Note 1.2 and the setting up of the following Special Purpose Entities (SPE): F.D.A. Geração de Energia Elétrica S.A. Entities that are a part of Jandira Wind Complex In addition, there was dilution of the equity interest of UEG Araucária and Copel’s equity interest changed from 20% to 20.3% and that of Copel GeT from 60% to 60.9%, with a consequent reduction in non-controlling interests to 18.8%. 1.1.1 Subsidiaries Headquarters Main activity Interest Subsidiaries % Investor Copel Geração e Transmissão S.A. (Copel GeT) Curitiba/PR Production and transmission of electricity 100.0 Copel Copel Distribuição S.A. (Copel DIS) Curitiba/PR Distribution and marketing of electricity 100.0 Copel Copel Telecomunicações S.A. (Copel TEL) Curitiba/PR Telecommunication and communication 100.0 Copel Copel Renováveis S.A. (Copel REN) (a) Curitiba/PR Control and management of interests 100.0 Copel Copel Comercialização S.A. (Copel Energia) Curitiba/PR Commercialization of electricity 100.0 Copel Companhia Paranaense de Gás - Compagás Curitiba/PR Distribution of pipeline gas 51.0 Copel Elejor - Centrais Elétricas do Rio Jordão S.A. Curitiba/PR Production of electricity 70.0 Copel UEG Araucária Ltda. (UEG) Curitiba/PR Production of electricity from natural gas 20.3 Copel 60.9 Copel GeT São Bento Energia, Investimentos e Participações S.A. (São Bento) Curitiba/PR Control and management of interests 100.0 Copel GeT Nova Asa Branca I Energias Renováveis S.A. S. Miguel do Gostoso/RN Production of electricity from wind sources 100.0 Copel GeT Nova Asa Branca II Energias Renováveis S.A. Parazinho/RN Production of electricity from wind sources 100.0 Copel GeT Nova Asa Branca III Energias Renováveis S.A. Parazinho/RN Production of electricity from wind sources 100.0 Copel GeT Nova Eurus IV Energias Renováveis S.A. Touros/RN Production of electricity from wind sources 100.0 Copel GeT Santa Maria Energias Renováveis S.A. Maracanaú/CE Production of electricity from wind sources 100.0 Copel GeT Santa Helena Energias Renováveis S.A. Maracanaú/CE Production of electricity from wind sources 100.0 Copel GeT Ventos de Santo Uriel S.A. João Câmara/RN Production of electricity from wind sources 100.0 Copel GeT Cutia Empreendimentos Eólicos S.A. (Cutia) Curitiba/PR Control and management of interests 100.0 Copel GeT Costa Oeste Transmissora de Energia S.A. Curitiba/PR Transmission of electricity 100.0 Copel GeT Marumbi Transmissora de Energia S.A. Curitiba/PR Transmission of electricity 100.0 Copel GeT Uirapuru Transmissora de Energia S.A (Note 1.2.1) Florianópolis Transmission of electricity 100.0 Copel GeT Bela Vista Geração de Energia S.A. (b) Curitiba/PR Production of electricity 100.0 Copel GeT F.D.A. Geração de Energia Elétrica S.A. (b) Curitiba/PR Production of electricity 100.0 Copel GeT Jandaíra I Energias Renováveis S.A. (b) Curitiba/PR Production of electricity from wind sources 100.0 Copel GeT Jandaíra II Energias Renováveis S.A. (b) Curitiba/PR Production of electricity from wind sources 100.0 Copel GeT Jandaíra III Energias Renováveis S.A. (b) Curitiba/PR Production of electricity from wind sources 100.0 Copel GeT Jandaíra IV Energias Renováveis S.A. (b) Curitiba/PR Production of electricity from wind sources 100.0 Copel GeT GE Olho D’Água S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 São Bento GE Boa Vista S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 São Bento GE Farol S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 São Bento GE São Bento do Norte S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 São Bento Central Geradora Eólica São Bento do Norte I S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Bento do Norte II S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Bento do Norte III S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Miguel I S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Miguel II S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Miguel III S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Guajiru S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Jangada S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Potiguar S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Cutia S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Maria Helena S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Esperança do Nordeste S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Paraíso dos Ventos do Nordeste S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia (a) The company is studying the possible incorporation of the operational activities and version of Copel RENs equity for the shareholder or the change of main activity. (b) Pre-operating stage. (c) SPEs established with a 99.99% interest in Copel GeT and 0.1% in Cutia. The transfer of all shares to Copel GeT depends on the granting of Authorizations by Aneel and the signing of the Energy Commercialization Contracts in the Regulated Environment - CCEARs 1.1.2 Joint Ventures Joint ventures Headquarters Main activity Interest % Investor Voltalia São Miguel do Gostoso I Participações S.A. São Paulo/SP Interests in companies 49.0 Copel Paraná Gás Exploração e Produção S.A. (a) Curitiba/PR Exploration of natural gas 30.0 Copel Caiuá Transmissora de Energia S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT Integração Maranhense Transmissora de Energia S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT Matrinchã Transmissora de Energia (TP NORTE) S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT Guaraciaba Transmissora de Energia (TP SUL) S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT Paranaíba Transmissora de Energia S.A. Rio de Janeiro/RJ Transmission of electricity 24.5 Copel GeT Mata de Santa Genebra Transmissão S.A. (b) Rio de Janeiro/RJ Transmission of electricity 50.1 Copel GeT Cantareira Transmissora de Energia S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT (a) Project with halted activities due to a Public Civil Action pending judgment by Federal Court. An arbitration proceeding will be started to decide about relief of contractual obligations with no burden for bidders, with consequent return of signing up bonus, refund of incurred costs with collateral and relief of collateral provided. (b) Pre-operating stage. 1.1.3 Associates Associated companies Headquarters Main activity Interest % Investor Dona Francisca Energética S.A. Agudo/RS Production of electricity 23.0303 Copel Foz do Chopim Energética Ltda. Curitiba/PR Production of electricity 35.77 Copel GeT Carbocampel S.A. Figueira/PR Coal exploration 49.0 Copel Copel Amec S/C Ltda. - in liquidation Curitiba/PR Services 48.0 Copel Sercomtel S.A. Telecomunicações (a) Londrina/PR Telecommunications 45.0 Copel Dominó Holdings Ltda. Curitiba/PR Interests in companies 49.0 Copel Energia Estação Osasco Desenvolvimento Imobiliário S.A. (b) São Paulo/SP Incorporation of real estate projects 18.78 UEG (a) Investment reduced to zero due to the impairment tests. (b) Pre-operating stage. 1.1.4 Joint Operations (consortiums) Joint operations Interest (%) Other consortium members Hydroelectric Power Plant Gov. Jayme Canet Júnior - Mauá (Note 17.5) 51.0 Eletrosul Centrais Elétricas S.A. (49%) Hydroelectric Power Plant Baixo Iguaçu (Note 17.5.1) 30.0 Geração Céu Azul S.A (subsidiary of Neoenergia S.A.) (70%) 1.2 Business combination 1.2.1 Subsidiary acquired - Uirapuru In March 2019, Copel GeT signed a Share Purchase and Sale Agreement - CCVA with Centrais Elétricas Brasileiras S.A. - Eletrobrás and Fundação Eletrosul de Previdência e Assistência Social - ELOS for the transfer of 100% of the shares of SPE Uirapuru Transmissora de Energia S.A., subject to approval by the Brazilian Electricity Regulatory Agency - ANEEL and the Administrative Council for Economic Defense - CADE. After fulfilling the determinants, on June 28, 2019 Copel GeT took control of the company. SPE Uirapuru operates the Transmission Concession Agreement No. 002/2005, which corresponds to the Transmission Line between the municipalities of Ivaiporã and Londrina, consisting of 120 km of 525 kV transmission line, of which the commercial operation started on July 9, 2006. The acquisition of this venture will generate synergy in the use of resources for operation and maintenance, providing dilution of operating costs for the group. 1.2.2 Consideration transferred The business combination occurred with the payment of R$ 133,739, corresponding to 100% of SPE Uirapuru shares, of which R$ 142 was paid in December 2018 and R$ 133,597 during the first half of 2019. Considering the cash acquired from the subsidiary, in the amount of R$ 9,803, we have a net cash effect for the Company of R$ 123,936 (R$ 142 in 2018 and R$ 123,794 in 2019). The amount paid is supported by estimated discounted cash flows from operating activities of the acquired venture. In the acquisition process, the fair values of the assets and liabilities acquired were identified and allocated to the investment, and the amount of concession rights was allocated to the investment in Copel GeT's balance sheet and intangible assets in the consolidated balance sheet. The concession right generated by the business combination mainly consists of expected synergies and economies of scale and will be amortized over the remaining concession period, which will expire on March 4, 2035. Consideration transferred Assets (-) Fair value on 06.28.2019 113,709 Percentage of interest transferred 100% Consideration amount 133,739 Concession rights 20,030 1.2.3 Assets acquired and liabilities assumed recognized on the date of acquisition Copel GeT preliminarily measured the fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition, as follows. Fair value at the Carrying amount acquisition date Assets identified 146,802 144,593 Cash and cash equivalents 9,803 9,803 Trade accounts receivable 2,921 2,921 Taxes recoverable 17 17 Contract assets (a) 133,010 120,213 Other receivables 1,051 1,051 Deferred taxes - business combination - 10,588 Liabilities assumed 12,540 30,884 Suppliers 6,115 6,115 Payroll, social charges and accruals 73 73 Taxes due 320 320 Sectorial charges due 1,572 1,572 Deferred taxes 4,097 4,097 Contingent liabilities - business combination - 18,344 Others liabilities 363 363 Net assets acquired 134,262 113,709 (a) The book value of contract assets disclosed by the acquired subsidiary was adjusted pursuant to the Company's practices before allocation of fair value in the business combination. 1.2.4 Impact of the acquisitions on the consolidated results Had this business combination been completed on January 1, 2019, consolidated net operating revenue would have increased by R$ 10,792, totaling R$ 16,255,066 and the consolidated net income for the year would have increased by R$ 7,682, totaling R$ 2,070,551. Management considers these pro forma 1.2.5 Conclusion of business combination - Costa Oeste e Marumbi On June 4, 2019, the Company concluded the business combination involving subsidiaries Costa Oeste and Marumbi, disclosed in the Financial Statements as at December 31, 2018, without determining any relevant differences from the preliminarily calculated values. |
2 Concessions and Authorization
2 Concessions and Authorizations | 12 Months Ended |
Dec. 31, 2019 | |
Concessions And Authorizations [Abstract] | |
Concessions and Authorizations | 2 Concessions and Authorizations 2.1 Concession contracts or authorizations obtained by Copel Copel Interest % Maturity Concession agreement / authorization of the equity Copel DIS Contract 046/1999, extended by 5th addendum to the contract 100 07.07.2045 Copel TEL Authorization term 54/2003 - Anatel/SVP/PVST 100 Indeterminate Authorization term 305/2012 - Anatel/SVP/PVST 100 Indeterminate Elejor Contract 125/2001 - HPP Fundão and Santa Clara 70 05.28.2037 Authorization - SHP Fundão I and SHP Santa Clara I - 753/2002 and 757/2002 70 12.19.2032 Dona Francisca Energética Contract 188/1998 - HPP Dona Francisca 23 08.28.2033 UEG Araucária Authorization 351/1999 - TPP Araucária (60.9% Copel GET) 20.3 12.23.2029 Compagás (2.1.1) Concession gas distribution contract 51 01.20.2019 Paraná Gás (1.1.2 - a) PART-T-300_R12 4861-.0000.99/2014-00 - ANP 30 05.15.2045 Usina de Energia Eólica São João S.A. (a) MME Ordinance 173/2012 - WPP São João 49 03.26.2047 Usina de Energia Eólica Carnaúba S.A. (a) MME Ordinance 204/2012 - WPP Carnaúbas 49 04.09.2047 Usina de Energia Eólica Reduto S.A. (a) MME Ordinance 230/2012 - WPP Reduto 49 04.16.2047 Usina de Energia Eólica Santo Cristo S.A. (a) MME Ordinance 233/2012 - WPP Santo Cristo 49 04.18.2047 (a) Subsidiaries of Voltalia São Miguel do Gostoso I Participações S.A. Hydroelectric Power Plant - HPP Small Hydroelectric Plant - SHP Thermal Power Plant - TPP Wind Power Plant - WPP 2.1.1 Compagás Compagás is a party to a concession agreement entered with the Concession Grantor, the State of Paraná, setting July 6, 2024 as the expiration date of the concession. On December 7, 2017, the State of Paraná published Complementary Law 205, introducing a new interpretation to the end of the concession, understanding that expiration occurred on January 20, 2019. Considering that until this date there was no extension/bidding of the concession, the law provides that the concession operator may, after the expiration of the term, remain responsible for its performance until the assumption of the new concession operator, subject to the conditions established. The Management of Compagás are challenging the effects of the aforesaid law since they understand that it conflicts with the provisions of the concession agreement currently in force. Compagás filed a lawsuit challenging the early termination of the concession and, on October 30, 2018, a preliminary injunction was granted. The Company is awaiting the trial on merit of the case. Considering that the lawsuit continues outstanding and the law continues in force, it was necessary to consider these effects in this financial statements. The impacts recorded are as follows: 12.31.2019 End of Adjustments End of STATEMENTS OF FINANCIAL POSITION Noncurrent assets Accounts receivable related to the concession 144,813 179,572 324,385 Intangible assets 127,598 (127,598) - STATEMENTS OF INCOME Net operating revenue Fair value of assets from the indemnity for the concession 9,181 1,234 10,415 Operating Costs Amortization (28,854) 400 (28,454) 12.31.2018 End of Adjustments End of STATEMENTS OF FINANCIAL POSITION Noncurrent assets Accounts receivable related to the concession and Contract Assets 148,720 199,257 347,977 Intangible assets 152,538 (148,919) 3,619 STATEMENTS OF INCOME Net operating revenue Fair value of assets from the indemnity for the concession 9,184 3,009 12,193 Operating Costs Amortization (29,012) 6,253 (22,759) End of End of 12.31.2017 Adjustments concession in 2019 STATEMENTS OF FINANCIAL POSITION Noncurrent assets Accounts receivable related to the concession 148,868 154,800 303,668 Intangible assets 198,688 (154,800) 43,888 STATEMENTS OF INCOME Net operating revenue Fair value of assets from the indemnity for the concession (197) 41,078 40,881 Management will continue to make its best efforts to protect the Company's interests, aiming at appropriately settle the impacts of the new interpretation given by the Concession Grantor and looking for the necessary alternatives to maintain the concession in a sustainable manner. 2.2 Concession contracts or authorizations obtained by Copel Get and its investees Copel GeT Interest % Maturity ONEROUS CONCESSION BY THE USE OF PUBLIC PROPERTY - UBP Generation Concession 001/2007 - HPP Gov. Jayme Canet Júnior (Mauá) 51 07.02.2042 Generation concession 001/2011 - HPP Colíder 100 01.17.2046 Ordinance 133/2011 - SHP Cavernoso II 100 02.28.2046 Generation Concession 002/2012 - HPP Baixo Iguaçu 30 10.30.2049 Generation Concession 007/2013 HPP Apucaraninha 100 10.12.2025 HPP Chaminé 100 08.16.2026 HPP Derivação do Rio Jordão 100 11.15.2029 HPP Cavernoso 100 01.07.2031 PUBLIC SERVICE CONCESSIONS Generation concession 045/1999 TPP Figueira (Note 35.2.6) 100 03.27.2019 HPP Gov. Bento Munhoz da Rocha Neto (Foz do Areia) (Note 35.2.6) 100 09.17.2023 HPP São Jorge 100 12.05.2024 HPP Guaricana 100 08.16.2026 HPP Gov. Ney Aminthas de Barros Braga (Segredo) 100 11.16.2029 HPP Gov. José Richa (Salto Caxias) 100 05.05.2030 Authorization 278/1999 - WPP Palmas 100 09.29.2029 Dispatch 182/2002 - Hydroeletric Generating Plant - HGP Melissa, HGP Pitangui and HGP Salto do Vau (only register with ANEEL) 100 - Generation concession 002/2016 - HPP Gov. Pedro Viriato Parigot de Souza (GPS) 100 01.05.2046 HPP Marumbi - Power generating plant registration: CGH. PH. PR. 001501-6.02 100 - Authorization Aneel 5,373/2015 - HGP Chopim I (only register with ANEEL) 100 - Concession agreement / authorization of the equity UEG Araucária Authorization 351/1999 - TPP Araucária (20.3% - Copel) 60.9 12.23.2029 Nova Asa Branca I MME Ordinance 267/2011 - WPP Asa Branca I 100 04.25.2046 Nova Asa Branca II MME Ordinance 333/2011 - WPP Asa Branca II 100 05.31.2046 Nova Asa Branca III MME Ordinance 334/2011 - WPP Asa Branca III 100 05.31.2046 Nova Eurus IV MME Ordinance 273/2011 -WPP Eurus IV 100 04.27.2046 Santa Maria MME Ordinance 274/2012 - WPP SM 100 05.08.2047 Santa Helena MME Ordinance 207/2012 - WPP Santa Helena 100 04.09.2047 Ventos de Santo Uriel MME Ordinance 201/2012 - WPP Santo Uriel 100 04.09.2047 GE Boa Vista MME Ordinance 276 /2011 - WPP Dreen Boa Vista 100 04.28.2046 GE Farol MME Ordinance 263 /2011 - WPP Farol 100 04.20.2046 GE Olho D’Água MME Ordinance 343 /2011 - WPP Dreen Olho D'Água 100 06.01.2046 GE São Bento do Norte MME Ordinance 310 /2011 - WPP Dreen São Bento do Norte 100 05.19.2046 Esperança do Nordeste MME Ordinance 183/2015 - WPP Esperança do Nordeste 100 05.11.2050 Paraíso dos Ventos do Nordeste MME Ordinance 182/2015 - WPP Paraíso dos Ventos do Nordeste 100 05.11.2050 Usina de Energia Eólica Jangada Resolution 3,257/2011 - WPP GE Jangada 100 01.05.2042 Maria Helena Resolution 3,259/2011 - WPP GE Maria Helena 100 01.05.2042 Usina de Energia Eólica Potiguar MME Ordinance 179/2015 - WPP Potiguar 100 05.11.2050 Usina de Energia Eólica Guajiru Resolution 3,256/2011 - WPP Dreen Guajiru 100 01.05.2042 Usina de Energia Eólica Cutia Resolution 3,258/2011 - WPP Dreen Cutia 100 01.05.2042 São Bento do Norte I Ordinance 349/2015 - WPP São Bento do Norte I 100 08.04.2050 São Bento do Norte II Ordinance 348/2015 - WPP São Bento do Norte II 100 08.04.2050 São Bento do Norte III Ordinance 347/2015 - WPP São Bento do Norte III 100 08.04.2050 São Miguel I Ordinance 352/2015 - WPP São Miguel I 100 08.04.2050 São Miguel II Ordinance 351/2015 - WPP São Miguel II 100 08.04.2050 São Miguel III Ordinance 350/2015 - WPP São Miguel III 100 08.04.2050 Foz do Chopim Authorization 114/2000 - SHP Arturo Andreoli 35.77 04.23.2030 SHP Bela Vista (a) Authorizing Resolution No. 913/2007 - transfer of ownership by Authorizing Resolution No. 7802/2019 100 01.02.2041 Jandaíra I Energias Renováveis (a) Awaiting publication of Ordinance by Aneel 100 - Jandaíra II Energias Renováveis (a) Awaiting publication of Ordinance by Aneel 100 - Jandaíra III Energias Renováveis (a) Awaiting publication of Ordinance by Aneel 100 - Jandaíra IV Energias Renováveis (a) Awaiting publication of Ordinance by Aneel 100 - (a) Project under construction. Copel GeT Interest % Maturity Transmission lines and substations concession agreements Contract 060/2001 100 01.01.2043 Contract 075/2001 100 08.17.2031 Contract 006/2008 100 03.17.2038 Contract 027/2009 100 11.19.2039 Contract 010/2010 100 10.06.2040 Contract 015/2010 100 10.06.2040 Contract 022/2012 100 08.27.2042 Contract 002/2013 100 02.25.2043 Contract 005/2014 100 01.29.2044 Contract 021/2014 100 09.05.2044 Contract 022/2014 100 09.05.2044 Contract 006/2016 100 04.07.2046 Transmission line 230 kV Baixo Iguaçu - Realeza Transmission line 230 kV Curitiba Centro - Uberaba Substation Medianeira 230/138 kV Substation Curitiba Centro 230/138 kV Substation Andirá Leste 230/138 kV Concession agreement / authorization of the equity Costa Oeste Transmissora Contract 001/2012: 100 01.12.2042 Transmission line 230 kV Cascavel Oeste - Umuarama Substation Umuarama 230/138 kV Caiuá Transmissora Contract 007/2012: 49 05.10.2042 Transmission line 230 kV Umuarama - Guaíra Transmission line 230 kV Cascavel Oeste - Cascavel Norte Substation Santa Quitéria 230/138/13,8 kV Substation Cascavel Norte 230/138/13,8 kV Marumbi Transmissora Contract 008/2012: 100 05.10.2042 Transmission line 525 kV Curitiba - Curitiba Leste Substation Curitiba Leste 525/230 kV Integração Maranhense Contract 011/2012: 49 05.10.2042 Matrinchã Transmissora Contract 012/2012: 49 05.10.2042 Transmission line 500 kV Paranaíta - Cláudia Transmission line 500 kV Cláudia - Paranatinga Transmission line 500 kV Paranatinga - Ribeirãozinho Substation Paranaíta 500 kV Substation Cláudia 500 kV Substation Paranatinga 500 kV Guaraciaba Transmissora Contract 013/2012: 49 05.10.2042 Transmission line 500 kV Ribeirãozinho - Rio Verde Norte Transmission line 500 kV Rio Verde Norte - Marimbondo II Substation Marimbondo II 500 kV Paranaíba Transmissora Contract 007/2013: 24.5 05.02.2043 Transmission line 500 kV Barreiras II - Rio das Éguas Transmission line 500 kV Rio das Éguas - Luziânia Transmission line 500 kV Luziânia - Pirapora 2 Mata de Santa Genebra (a) Contract 001/2014: 50.1 05.14.2044 Transmisson line 500 kV Itatiba - Bateias Transmisson line 500 kV Araraquara 2 - Itatiba Transmisson line 500 kV Araraquara 2 - Fernão Dias (a) Substation Santa Bárbara D'Oeste 440 kV (a) Substation Itatiba 500 kV Substation Fernão Dias 500/440 kV (a) Cantareira Transmissora Contract 019/2014: 49 09.05.2044 Uirapuru Transmissora Contract 002/2005: 100 03.04.2035 (a) Buildings under construction. |
3 Basis of Preparation
3 Basis of Preparation | 12 Months Ended |
Dec. 31, 2019 | |
Basis Of Preparation [Abstract] | |
Basis of Preparation | 3 Basis of Preparation 3.1 Statements of compliance The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board – IASB. The Company's Management believes that all the relevant information used in its management is evidenced in the consolidated financial statements, and that it corresponds to that used by Management in administering the Company. The issuance of these consolidated financial statements was approved by Management on April 24, 2020. 3.2 Functional and presentation currency The financial statements are presented in Brazilian Reais, which is the functional and presentation currency of the Company. Balances herein have been rounded to the nearest thousand, unless otherwise indicated. 3.3 Basis of measurement The financial statements were prepared based on the historical cost, except for certain financial instruments and investments measured at fair value, as described in the respective accounting policies and notes. 3.4 Use of estimates and judgments In the preparation of these financial statements, Management used judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses of the Company. Actual results may differ from those estimates. Estimates and assumptions are reviewed on a continuous basis. Changes in estimates are recognized prospectively. 3.4.1 Judgments Information about judgment referring to the adoption of accounting policies which significantly impacts the amounts recognized in the consolidated financial statements, except those involving estimates, is included in the following notes: Note 4.1 - Basis of consolidation Note 4.2 - Financial instruments; e Note 4.16.2 – Uncertainty over income tax treatments 3.4.2 Uncertainties over assumptions and estimates Information on uncertainties related to assumptions and estimates that pose a chance of resulting in a material change within the next financial year is included in the following notes: Notes 4.3 and 9 - Sectorial financial assets and liabilities; Notes 4.4 and 10 - Accounts receivable related to the concession Notes 4.5 and 11 - Contract assets; Notes 4.8 and 17 - Property, plant and equipment; Notes 4.9 and 18 - Intangible assets; Notes 4.10, 17.7 and 17.8 - Impairment of assets; Notes 4.11 and 29 - Provisions for litigation and contingent liabilities; Note 4.12 - Revenue recognition; Note 4.14 - Power purchase and sale transactions in the Spot Market (Electric Energy Trading Chamber – CCEE); Note 4.15 - Derivative financial instruments; Note 7.3 - Expected credit losses Note 13.1.2 and 13.1.3 - Deferred income tax and social contribution; and Note 23 - Post-employment benefits. 3.5 Management’s judgment on going concern Management has concluded that there are no material uncertainties that cast doubt on the Company's ability to continue as a going concern. No events or conditions were identified that, individually or in the aggregate, may raise significant doubts on its ability to continue as a going concern. The main bases of judgment used for such conclusion are: (i) main activities resulting from long-term concessions; (ii) robust equity; (iii) strong operating cash generation, including financial capacity to settle commitments entered into with financial institutions; (iv) historical profitability; and (v) fulfillment of the objectives and targets set forth in the Company's Strategic Planning, which is approved by Management, monitored and reviewed periodically, seeking the continuity of its activities. |
4 Significant Accounting Polici
4 Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2019 | |
Significant Accounting Policies [Abstract] | |
Significant Accounting Policies | 4 Significant Accounting Policies 4.1 Basis of consolidation 4.1.1 Calculation of equity in earnings of investees Investments in joint ventures and associate are recognized in the consolidated financial statements based on the equity method. Under this method, investments are initially recorded at cost and their carrying amount is increased or decreased by the recognition of the investor's interest in profit, loss and other comprehensive income generated by investees after acquisition. This method must be discontinued from the date the investment ceases to qualify as a jointly controlled or associated company. Payment of dividends decreases the carrying value of investments . When required, for calculation of equity in earnings of investees, the investees' financial statements are adjusted to align their policies with the Company's accounting policies . 4.1.2 Subsidiaries The subsidiaries are entities to which the Company is exposed to or has a right over the variable returns arising from its involvement with them and has the ability to affect those returns exerting its power over the entities. The financial statements of the subsidiaries are included in the consolidated financial statements as from the date they start to be controlled by the Company until the date such control ceases. The balances of the subsidiaries’ assets and liabilities, and profit or loss, are consolidated and transactions between consolidated companies are eliminated. 4.1.3 Noncontrolling interests Noncontrolling interests are presented in equity, separately from the equity attributable to the Company's shareholders. Profits, losses and other comprehensive income are also allocated separately from the ones allocated to the Company's shareholders, even if this procedure results in negative noncontrolling interest balance. 4.1.4 Joint ventures and associates Joint ventures are entities over which the Company, subject to an agreement, has the ability to affect returns exerting its power in conjunction with other parties, irrespective of the percentage of interest in the voting capital. Associates are entities over which the Company exerts significant influence regarding financial and operational decisions, without control. When the share in losses of a joint venture or associate equals or exceeds the accounting balance of the investor’s equity interest in the investee, the investor should discontinue the recognition of its share in future losses. Additional losses will be considered, and a liability will be recognized, only if the investor incurs legal or constructive obligations, or performs payments on behalf of the investee. Should the investee subsequently post profits, the investor should resume the recognition of its interest in these profits only subsequent to the point at which the portion to which it is entitled to in these subsequent profits equals its share in unrecognized losses. 4.1.5 Joint operations (consortiums) Joint operation is a joint business according to which parties that jointly control the business have rights on assets and obligations regarding liabilities related to the business. Joint operations are recorded in proportion to the share of interest held in their assets, liabilities and profit or loss. 4.1.6 Business combination The acquisition analysis is done on a case-by-case basis to determine whether the transaction represents a business combination or an asset purchase. Transactions between companies under common control do not constitute a business combination. Assets and liabilities acquired in a business combination are accounted for using the acquisition method and are recognized at their fair value at the acquisition date. The excess of the acquisition cost over the fair value of the net assets acquired (identifiable assets acquired, net of assumed liabilities) is recognized as goodwill in intangible assets. When the amount generated is negative, the bargain purchase gain is recognized directly in profit or loss. The amount paid that refers specifically to the concession right acquired in a business combination where the acquired entity is a concession operator, whose right to the concession has a known and defined term, is not characterized as goodwill. In acquisitions of interests in affiliates and in joint ventures, although they do not constitute a business combination, the net assets acquired are also recognized at fair value. Goodwill is presented in the investment. 4.2 Financial Instruments Financial instruments are recognized immediately on the trade date, that is, when the obligation or right arises. They are initially recorded at fair value, unless it is a trade receivable without a significant financing component, plus, for an item not measured at fair value through profit or loss, any directly attributable transaction costs. An accounts receivable from customers without a significant component of financing is initially measured at the price of the transaction. Fair values are determined based on market prices for financial instruments with active market, and by the present value method of expected cash flows, for those that have no quotation available in the market. The Company does not have financial instruments measured at fair value through other comprehensive income. The Company operates with derivative financial instruments as described in Financial assets are not reclassified subsequent to initial recognition, unless the Company changes the business model for the management of financial assets, in which case all affected financial assets are reclassified on the first day of the reporting period subsequent to the change in business model. The Company's financial instruments are classified and measured as described below. 4.2.1 Financial assets recorded at fair value through profit or loss Financial assets recorded at fair value through profit or loss include assets classified as held for trading, financial assets designated upon initial recognition as at fair value through profit or loss or financial assets required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of being sold or repurchased in the near term. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. After initial recognition, transaction costs and attributable interest expenses, when incurred, are recognized through profit or loss. 4.2.2 Financial assets measured at amortized cost These are so classified and measured when: (i) the financial asset is maintained within a business model whose objective is to maintain financial assets in order to receive contractual cash flows; and (ii) the contractual terms of the financial asset give rise, on specified dates, to cash flows that exclusively comprise payments of principal and interest on the principal amount outstanding. 4.2.3 Financial liabilities measured at amortized cost Financial liabilities are measured at amortized cost using the effective interest method. This method is also used to allocate interest expense of these liabilities for the period. The effective interest rate is the rate that discounts estimated future cash flows (including fees paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) over the expected life of the financial liability or, when appropriate, over a shorter period, for the initial recognition of the net carrying amount. 4.2.4 Financial liabilities measured at fair value through Profit or Loss These are liabilities designated upon initial recognition as at fair value through profit or loss and those classified as held for trading. Financial liabilities designated fair value through profit or loss are stated at fair value with the respective gains or losses in fair value recognized in the statement of income. Net gains or losses recognized in profit or loss include the interest paid on the financial liability. 4.2.5 Derecognition of financial assets and liabilities The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. The Company derecognizes financial liabilities only when its obligations are discharged, cancelled or settled. The difference between the carrying amount of the derecognized financial liability and the corresponding disbursement made, or to be made, is recorded to profit or loss. 4.3 Net sectorial financial assets and liabilities According to the amendment to the concession agreement of distribution companies, the Company records changes in sectorial financial assets and liabilities, until the next tariff adjustment/review process, when the Concession Grantor approves the transfer as components of the power tariff and thus, it passes the adjustment on to consumers in the next tariff cycle, which occurs on June 24 of each year. The balances of the net sectorial financial assets and liabilities comprise: a) Parcel A Variation Compensation Account - CVA, which records the variation between estimated and actual energy purchase and transmission costs and sector charges, and b) financial items, which correspond to energy over-contracting, neutrality of charges and other rights and obligations included in the tariff. After approval of the Annual Tariff Adjustment and Periodic Tariff Review, the new tariff applied for the tariff year provides for the collection or return of the constituted assets and liabilities. In the event of termination of the concession for any reason, the residual values of Part A items and other financial components not recovered or returned through tariff are incorporated in the calculation of compensation or deducted from unamortized assets indemnity values, thus protecting rights or obligations of the distribution company to the Concession Grantor. 4.4 Accounts receivable related to the concession Refer to financial assets of the concessions with unconditional right to receive cash by the Company, guaranteed by the Concession Grantor by contractual clause and specific legislation. 4.4.1 Power distribution service concession The concession agreement for electricity distribution provides that the users of the public service remunerate part of the investments made by the concessionaire and the Concession Grantor at the end of the concession indemnifies the other party. This model provides for the recognition of financial assets, contract assets in the construction period and intangible assets. The portion recognized as financial asset refers to the indemnity set forth in the public power distribution service concession agreements, which the Company understands as an unconditional right to cash payments from the Concession Grantor upon expiration of the concession. This indemnification aims to reimburse the Company for investments made in infrastructure, without recovery, through the tariff. The cash flows related to these assets are determined taking into account the Regulatory Compensation Basis (Base de Remuneração Regulatória or BRR), defined by the Concession Grantor. The methodology of the BRR is based on the replacement cost of the assets that make up the power distribution infrastructure related to the concession. 4.4.2 Piped gas distribution service concession Gas concession agreement follows the bifurcated model, whereby part of the investments made by the concession operator is paid by users of the public service and the other part is indemnified by the Concession Grantor, the State of Paraná, at the end of the concession. This model provides for recognition of a financial asset, a contract asset in the construction period and an intangible asset. The amount recognized as a financial asset is the amount that will be indemnified by the Concession Grantor corresponding to the investments made in the last ten years prior to the end of the concession as foreseen in the agreement and that, according to Management, assures the unconditional right to receive cash at the end of the concession. The indemnity assumption is based on the replacement cost of the concession assets. 4.4.3 Bonus for the grant of quota system generation concession agreement The quota system generation concession agreement provides for the payment of a bonus for the grant to the Concession Grantor, pursuant to paragraph 7 of article 8 of Law 12,783/2013. This bonus is recognized as a financial asset because it represents an unconditional right to receive cash, guaranteed by the Concession Grantor during the term of the concession and without risk of demand. The remuneration of this financial asset is based on the Weighted Average Cost of Capital - WACC defined by the National Energy Policy Council (CNPE) in Resolution 2/2015, which is being presented in the statement of income as operating revenue in accordance with the Company's business model. 4.4.4 Transmission concession – Reassessment of assets of the Basic Network of the Existing System Refers to the right to reimbursement of the Concession Agreement No. 060/2001 arising from the Annual Revenue Allowed not received in the period from January 2013 to June 2017. The balance includes monetary adjustment and interest rates (Note 10.4). 4.4.5 Concession of power generation The Company has operated and operates concession agreements for power generation that contain indemnification clauses for the infrastructure not depreciated, amortized and/or received during the concession term. After maturity, the residual balance of the assets is transferred to Accounts receivable related to the concession. At the end of each reporting period, Management evaluates the recoverability of the asset, remeasuring its cash flow based on its best estimate. 4.5 Contract assets Represented by the construction in progress or in service of the infrastructure delegated by the Concession Grantor, conditional upon the receipt of revenue not only by the passage of time, but after fulfilling the performance obligation to maintain and operate the infrastructure. 4.5.1 Power distribution service concession Represents the concessionaire's contractual right related to the works under construction to meet the needs of the concession, accounted for at cost plus financial charges, when applicable. When the assets are put into operation, the assets are transferred to the intangible asset, in the amount equivalent to what will be remunerated by the user through payment of the fee for the use of the services, or to the accounts receivable associated to the concession, in the amount equivalent to the residual portion of the assets not amortized, which will be reverted to the Concession Grantor through indemnification at the end of the concession. 4.5.2 Power gas distribution service concession Construction in progress for the distribution of piped gas which will be transferred to intangible assets upon their entry in operation and to the extent that the right (authorization) is received to charge the users of the public service. The amount that will not be amortized within the term of the concession is presented in financial assets, indemnified at the end of the concession by the Concession Grantor according to contractual definition. 4.5.3 Power transmission concession Represents the balance of public electricity transmission contracts signed with the Concession Grantor to build, operate and maintain the high voltage lines and substations of the generation centers up to the distribution points. During the term of the concession agreement, the Company receives, subject to its performance, a remuneration denominated Annual Revenue Allowance (RAP) that remunerates the investments made in the construction of the infrastructure and covers also, the costs of operation and maintenance incurred. After the start of the commercial operation, this revenue is recognized, monthly, in the statement of income to the extent that the operation and maintenance service are provided, and the portion of the revenue recognized in the construction phase, referring to the remuneration of the constructed assets. This amount invoiced is reclassified to trade accounts receivable line item until their actual receipt. The assets arising from the construction of the transmission infrastructure are formed by the recognition of construction revenue (Note 4.13) and by their financial remuneration (Note 4.12.2). Upon expiration of the concession, any uncollected amounts related to the construction of infrastructure shall be received directly from the Concession Grantor, as an unconditional right to cash reimbursement pursuant to the concession agreement, as compensation for investments made and not recovered through tariffs (RAP). 4.6 Accounts payable related to the concession These refer to the amounts set forth in the concession agreement in connection with the right to explore hydraulic power generation potential (onerous concession), whose agreement is signed as Use of Public Property (Uso do Bem Público or UBP) agreements. The asset is recognized on the date of signature of the concession agreement corresponding to the present value of future cash payments for the concession. The liability is then remeasured using the effective interest rate and reduced by contractual payments. 4.7 Inventories (including property, plant and equipment and contract assets) Materials and supplies in inventory, classified under current assets, and those assigned for investments, classified under property, plant and equipment, and contract assets, have been recorded at their average acquisition cost. Recorded amounts do not exceed their net realizable value. 4.8 Property, Plant and Equipment The property, plant and equipment related to the public service concession agreement are depreciated according to the straight-line method based on annual rates set forth and reviewed periodically by ANEEL, which are used and accepted by the market as representative of the economic useful lives of the assets related to concession's infrastructure. Property, plant and equipment related to contracts for the use of public property under the independent electricity producer scheme are depreciated based on annual rates established by ANEEL limited to the concession period. All other property, plant and equipment are depreciated using the straight-line method based on estimates of their useful lives, which is reviewed annually and adjusted if necessary. Costs directly attributable to construction works as well as interest and financial charges on borrowings from third parties during construction are recorded under property, plant and equipment in progress, if it is probable that they will result in future economic benefits for the Company. 4.9 Intangible Assets These comprise software acquired from third parties and software developed in-house and are measured at acquisition cost and amortized over five years, besides Intangible assets from Concession Agreements below. 4.9.1 Onerous concession of electric power generation Corresponds to acquisition of exploration rights on hydropower potential whose onerous concession contract is signed as Use of Public Property - UBP. During construction work, this asset is recognized at the present value of future cash disbursements during the Concession Agreement term. When commercial operation starts, the amount starts to be amortized over the concession period. 4.9.2 Hydrological risk renegotiation (Generation Scaling Factor - GSF) Asset consisting of the renegotiation of the hydrological risk under the terms of Law No. 13,203/2015, arising from the excess amount between the amounts recovered from the cost with the adjustment of the Energy Reallocation Mechanism - MRE (GSF), subtracted from the total cost of the risk premium to be amortized over the energy supply period in the regulated environment. The amount was transformed by ANEEL into an extension of the concession period, which is amortized on a straight-line basis as from January 1, 2016 until the end of the new concession period, according to note 14.1. 4.9.3 Power distribution service concession This comprises the right to control infrastructure, built or acquired as part of the electric energy public service concession, and the right to charge fees to the users of the public service. Intangible assets are recorded at their fair acquisition and construction value, less accumulated amortization and impairment losses, when applicable. The amortization of intangible assets reflects the pattern in which it is expected that future economic benefits will flow to the Company during the concession period. During the infrastructure construction phase costs are classified as contract assets (Note 4.5). 4.9.4 Piped gas distribution service concession Intangible assets for piped gas distribution services, which correspond to the right to charge users for the gas supply. This intangible asset was initially recognized at acquisition or construction cost, plus interest and other capitalized finance charges. This asset is amortized using the straight-line basis over its estimated useful life, considering the economic benefits generated by intangible assets. During the infrastructure construction phase, costs are classified as contract assets (Note 4.5). 4.9.5 Intangible assets acquired separately Intangible assets with a finite useful life, acquired separately, are recorded at cost, less accumulated amortization and accumulated impairment losses. Amortization is recognized using the straight-line method based on the estimated useful lives of the corresponding assets. The estimated useful lives and the amortization method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. 4.9.6 Derecognition of intangible assets An intangible asset is derecognized when no future economic benefits are expected from use or disposal. Gains or losses arising from disposal of an intangible asset are recognized in profit or loss, measured as the difference between net disposal proceeds and the carrying amount of the asset. 4.10 Impairment of assets Assets are assessed to detect evidence of impairment. 4.10.1 Financial assets Provisions for losses on financial assets are based on assumptions about default risk, existing market conditions and future estimates at the end of each year. The Company applies the simplified approach of IFRS 9 to the measurement of expected credit losses for the entire existence of financial assets that do not have significant financing components, by considering a provision for expected loss over a useful life for all trade accounts receivable. To measure expected credit losses, trade accounts receivable is grouped based on shared credit risk characteristics and overdue days in the amount considered enough to cover losses on the realization of these assets. 4.10.2 Non-financial assets Assets under formation arising from onerous concession and concession rights and/or authorization to generate electricity are classified as intangible assets. Impairment is tested along with the other assets of that cash-generating unit. Whenever there is a loss resulting from situations where an asset’s carrying value exceeds its recoverable value, defined as the higher of the asset’s value in use or its net selling price, this loss is recognized in profit or loss for the year. For impairment testing purposes, assets are grouped at the lowest levels for which there are separately identifiable cash flows (Cash Generating Units - CGU). The amount of the impairment of non-financial assets is reviewed at the reporting date. In case of reversal of impairment losses which had been recorded in prior years, this reversal is recognized in current year's profit or loss. The Impairment of contract assets in their construction phase are tested immediately, mainly considering the use of the effective interest rate fixed at the beginning of the project and carried to the end of the concession cash flow. After the beginning of the commercial operation, the portion of revenue recognized is tested for impairment in the accounts receivable from customers. For the receivable part conditioned to fulfill the performance obligation to maintain and operate the infrastructure, the Company has no history and no expectation of losses, since amount are subject to guarantee structures, via shared apportionment of eventual default losses among the other members of the national interconnected system managed by the “Operador Nacional do Sistema” (ONS) and by jurisdiction of the sector. 4.11 Provisions Provisions are recognized when: i) the Company has a present obligation (legal or constructive) resulting from a past event, ii) it is probable (i.e., more likely than not) that an outflow of resources embodying economic benefits will be required to settle the obligation, and iii) a reliable estimate can be made of the amount to settle the obligation. The estimates of outcomes and financial impacts are determined by the Company, which requires use of judgment by Management, supplemented by the experience of similar past transactions and, in some cases, by independent expert reports. Environmental liabilities are recognized as the Company assumes formal obligations before regulatory agencies or becomes aware of potential risks related to environmental issues, which may lead to cash disbursements that are deemed probable and that may be estimated. During the project implementation phase, the accrued amounts are included in property, plant and equipment (generation), construction cost (transmission) or contract assets (distribution). At the start of operations, all costs included in the Operating License, whose programs will be executed during the concession and the respective disbursement has not yet occurred, are measured and adjusted to present value according to the estimated cash flow of disbursements and recorded as environmental provisions matched against the assets related to the project, being adjusted periodically. Once the project enters commercial operation, all costs or expenses incurred with environmental programs related to the project’s operation and maintenance licenses are analyzed according to their nature and included in profit or loss for the period. 4.12 Revenue recognition 4.12.1 Revenue from contracts with customers Revenue is measured based on the consideration that the Company expects to receive in a contract with the customer, net of any variable consideration. The Company recognizes revenues when it transfers control of the product or service to the customer and when it is probable to receive the consideration considering the client's ability and intention to pay the consideration when due. The Company's operating revenue comes mainly from the electricity supply and from the electric network availability. The revenue from electricity supply is recognized monthly based on the data for billing that are determined by the average MW of contracted electricity and declared with the CCEE. When the information is not available, the Company estimates the revenue considering the contracts’ rules, the price estimate and the volume provided. For wind power generation companies subject to minimum generation amounts, the Company understands that it is subject to variable consideration, and for this reason, includes a provision for non-performance based on the annual generation estimates, reducing revenue. Revenue from electric power supply and network availability is recognized monthly based on measured and effectively billed energy. In addition, the Company records unbilled revenue, calculated from the period between the last billing and the end of each month, by estimate based on the last measurement taken. In the concession contract for the public electricity distribution service, non-performance compensations are provided for quality indicators that, when incurred, reduce electricity availability revenue. 4.12.2 Interest income Interest income is recognized when it is probable that future economic benefits will flow to the Company and its amount can be reliably measured. Interest income is recognized on a straight-line basis and based on time and the effective interest rate on outstanding principal amounts. The effective interest rate is the one that discounts the estimated future cash receipts calculated during the estimated life of the financial asset in relation to initial net carrying amount of that asset. Regarding the financial and contract assets of the power transmission concession, financial compensation revenue is recognized using the discount rate established at the beginning of each project, which is presented in the statement of income as operating income in accordance with the Company's business model. 4.13 Construction revenues and costs Revenue related to construction services for infrastructure in the power transmission and distribution services, and gas distribution, are recognized using the percentage of completion (PoC) method at each reporting period and measured on the basis of the proportion of costs incurred in relation to the total estimated costs of the distribution and transmission concession contracts. Related costs are recognized in the statement of income as construction cost. Given that Copel DIS and Compagás outsource the construction of distribution infrastructure to unrelated parties through works carried out in the short term, the construction margin to the power and gas distribution activities result in no significant amounts, resulting in the non-recognition of such margin. The construction margin adopted for the transmission activity for the years 2019, 2018 and 2017 was 1.65%, and results from a calculation methodology which considers the respective business risk. 4.14 Power purchase and sale transactions in the Spot Market (Electric Energy Trading Chamber - CCEE Power purchase and sale transactions in CCEE are recorded on the accrual basis of accounting, based on data released by CCEE, which are calculated by the product of the Differences settlement prices - PLD multiplied by the energy surplus declared with CCEE, or, when such information is not available in a timely manner, by an estimate prepared by Management. 4.15 Derivative Financial Instruments 4.15.1 Power purchase and sale transactions The Company negotiates energy purchase and sale agreements and part of its contracts are classified as derivative financial instruments measured at fair value through profit or loss. Unrealized net gains or losses arising from the mark-to-market of these contracts (the difference between contractual and market prices) are recognized in the statement of income. 4.15.2 Non-Deliverable Forward (NDF) contracts In addition, the Company operates with Non-Deliverable Forward – NDF contracts, which aim exclusively at providing hedge against exchange rate risks associated with cash flows from capital contributions to subsidiaries, when they reflect foreign-currency denominated purchases of projected equipment. They are measured at their fair value, with changes recorded in the statement of income for the year. The fair value is calculated based on the information of each contracted operation and the respective market information on the closing dates of the financial statements. 4.16 Standards applicable to the Company effective January 1, 2019 4.16.1 IFRS 16 - Leases This pronouncement supersedes IAS 17 - Leases, as well as related interpretations (IFRIC 4, SIC 15 and SIC 27). The adoption of the new standard eliminates accounting for operating leases for lessees, presenting a single lease model that consists of initially recognizing all leases in assets and liabilities at present value and recognizing amortization of the right-of-use asset and lease interest separately in the statement of income. Transition method The Company applied the modified retrospective transition method, which does not require the presentation of comparative information. The lease liability and right-of-use asset are recognized at the present value of the remaining lease installments payable. Accordingly, information referring to prior years continues to be presented in accordance with the previous standard. |
5 Cash and Cash Equivalents
5 Cash and Cash Equivalents | 12 Months Ended |
Dec. 31, 2019 | |
Cash and cash equivalents [abstract] | |
Cash and Cash Equivalents | 5 Cash and Cash Equivalents 12.31.2019 12.31.2018 Cash and bank accounts 263,188 167,728 Financial investments with immediate liquidity 2,678,539 1,780,681 2,941,727 1,948,409 These comprise cash on hand, deposits with banks and short-term highly-liquid investments, which can be redeemed in cash within 90 days from the investment date. Temporary short-term investments are recorded at cost at the reporting date, plus earnings accrued. Cash and cash equivalents are subject to an insignificant risk of change in value. Financial investments of the Company refer to Bank Deposit Certificates - CDBs and Repurchase Agreements, which are the sale of a security with the commitment of the seller (Bank) to repurchase it, and of the purchaser to resell it in the future. Investments are remunerated between 78% and 100.8% of Interbank Deposit Certificate (Certificado de Depósito Interbancário - CDI) interest. |
6 Bonds and Securities
6 Bonds and Securities | 12 Months Ended |
Dec. 31, 2019 | |
Bonds And Securities [Abstract] | |
Bonds and Securities | 6 Bonds and Securities The Company hold securities that yield variable interest rates. The term of these securities ranges from 1 to 52 months from the end of the reporting period. Category Index 12.31.2019 12.31.2018 Quotas in Funds (a) CDI 225,804 286,855 Bank Deposit Certificates - CDB 95.0% to 101% of CDI 50,216 50,629 Committed Operation 96.5% to 100% of CDI 3,632 6,116 National Treasury Bills - LTN CDI 1,696 - Financial Treasury Bonds - LFT Selic 733 696 282,081 344,296 Current 3,112 124,862 Noncurrent 278,969 219,434 Interbank Deposit Certificate - CDI Interest rate equivalent to the reference rate of the Special System for Settlement and Custody - Selic (a) These are fixed income funds in the Parent Company and reserve accounts intended to comply with contracts with BNDES, in other companies. |
7 Trade Accounts Receivables
7 Trade Accounts Receivables | 12 Months Ended |
Dec. 31, 2019 | |
Trade and other receivables [abstract] | |
Trade Accounts Receivables | 7 Trade Accounts Receivable Balances Overdue Overdue for Total Total falling due up to 90 days more than 12.31.2019 12.31.2018 Customers Residential 346,883 203,471 29,361 579,715 584,621 Industrial 184,959 30,440 83,320 298,719 365,020 Commercial 271,065 63,557 29,364 363,986 372,914 Rural 77,716 20,419 5,136 103,271 89,634 Public Entities 44,608 7,523 3,716 55,847 56,920 Public lighting 38,470 51 2 38,523 39,114 Public service 43,660 882 441 44,983 42,702 Unbilled - captives 516,203 - - 516,203 478,328 Energy installments plan - captives (7.1) 124,151 16,280 63,761 204,192 197,951 Low income subsidy - Eletrobras 12,174 - - 12,174 11,958 Free consumers 128,689 4,066 1 132,756 110,528 Other receivables 42,433 23,362 82,580 148,375 138,116 1,831,011 370,051 297,682 2,498,744 2,487,806 Concessionaires, Permission holder and Trading Companies Bilateral contracts 183,973 74 7,416 191,463 186,252 Regulated contracts 148,410 4,289 6,793 159,492 66,294 CCEE (7.2) 196,047 - 119,665 315,712 323,657 Energy suplies 528,430 4,363 133,874 666,667 576,203 Charges from using transmission grid 203,125 4,511 7,946 215,582 208,060 . Telecommunications 50,752 10,094 6,458 67,304 62,985 . Gas distribution 90,510 9,228 11,288 111,026 103,340 . Expected credit losses (7.3) (5,966) (11,486) (359,304) (376,756) (331,388) 2,697,862 386,761 97,944 3,182,567 3,107,006 Current 3,120,168 2,944,091 Noncurrent 62,399 162,915 7.1 Energy installments plan The trade accounts receivable renegotiated are discounted to present value as of December 31, 2019, taking into consideration the future value, the maturity dates, the dates of settlement and the discount rate ranging from 0.26% to 2.81% p.m. 7.2 Electricity Trading Chamber - CCEE Balance receivable by the electricity generation, trading and distribution subsidiaries deriving from the positive position in the monthly settlement of the spot market centralized by CCEE. Amounts are received in the second month following the recognition of revenue or offset against future settlements when the result is negative for the subsidiary. The Company is challenging in court the request for exemption of responsibility so that the obligation to supply the energy sold from Colíder HPP should be postponed (Note 17.4). From the amount determined by CCEE, for the controversial portion arising from the effects of the injunction for exemption of responsibility of Colíder HPP, an allowance for expected losses was recognized in the amount of R$ 119,665 (Note 7.3). 7.3 Expected credit losses The expected credit losses are recorded based on the analysis of the credit realization risks in an amount considered sufficient to cover any losses on the realization of trade accounts receivable, considering specific criteria according to payment history, collection actions carried out to recover the credit and the materiality of the amount due in the receivables portfolio. The Company considers the total recorded expected credit losses of trade accounts receivable sufficient to cover losses on the realization of these assets, according to the breakdown below: Balance as of Additions/ Reversal Reversal Balance as of Effects of applying Additions/ Reversal Reversal Balance as of Additions / Reversal Balance as of January 1, 2017 of write offs December 31, 2017 new IFRS of write offs December 31, 2018 (Reversals) of write offs December 31, 2019 Customers Residential 66,502 36,177 (80,147) 22,532 (5,708) 62,274 (57,376) 21,722 71,794 (51,692) 41,824 Industrial 66,563 26,265 (14,049) 78,779 4,394 10,367 (6,343) 87,197 33,772 (23,015) 97,954 Commercial 67,075 18,101 (25,901) 59,275 16,973 10,318 (16,849) 69,717 27,866 (26,658) 70,925 Rural 3,130 2,997 (3,396) 2,731 1,646 3,734 (4,301) 3,810 1,499 (1,920) 3,389 Public Entities 12,981 (3,833) (4,313) 4,835 3,262 (1,313) (1,910) 4,874 435 (419) 4,890 Public lighting 104 205 (269) 40 389 (304) (5) 120 (117) - 3 Public service 1,111 (653) (439) 19 460 8 (288) 199 145 (79) 265 Unbilled - captives - - - - 1,573 (71) - 1,502 (322) - 1,180 Adjustment to present value - - - - (4,048) 1,165 - (2,883) 1,442 - (1,441) 217,466 79,259 (128,514) 168,211 18,941 86,178 (87,072) 186,258 136,514 (103,783) 218,989 Concessionaires, Permission holder and Trading Companies CCEE (7.2) 119,665 - - 119,665 - - - 119,665 - - 119,665 Concessionaries and permission holder 13,077 1,287 (175) 14,189 4,155 (8,860) (10) 9,474 11,608 (657) 20,425 132,742 (1,287) (175) 133,854 4,155 (8,860) (10) 129,139 11,608 (657) 140,090 Telecommunications 534 8,309 (7,332) 1,511 (1,233) 12,749 (9,148) 3,879 13,292 (12,022) 5,149 Gas distribution 4,924 1,433 (103) 6,254 - 6,017 (159) 12,112 1,063 (647) 12,528 355,666 90,288 (136,124) 309,830 21,863 96,084 (96,389) 331,388 162,477 (117,109) 376,756 Trade accounts receivable are written off when there is no reasonable expectation of recovery. Indications for this include, among other things, the inability of the debtor to participate in a plan to renegotiate its debt with the Company or to make contractual payments of overdue debts. Expected credit losses are presented in selling expenses, in the group of Credit losses, provisions and reversals. Subsequent recoveries of amounts previously written off are also credited to selling expenses, in the group of Other operating costs and expenses, net. |
8 CRC Transferred to the Parana
8 CRC Transferred to the Parana State Government | 12 Months Ended |
Dec. 31, 2019 | |
CRC Transferred To Parana State Government [Abstract] | |
CRC Transferred to the Parana State Government | 8 CRC Transferred to the Paraná State Government The Company's Management and the Paraná State Government formalized on October 31, 2017 the fifth amendment to the agreement for renegotiation of the Account for Compensation of Income and Losses - CRC. The State of Paraná complied with the agreed terms and made the payments of the monthly interest until December 2017. With the end of the grace period, the State of Paraná has complied with the payments under the agreed terms, remaining 64 monthly installments to be paid. The contract balance is updated by the IGP-DI variation and interest of 6.65% p.a. 8.1 Changes in CRC Balance as of Monetary Balance as of Monetary Balance as of January 1, 2018 Interest variations Amortizations December 31, 2018 Interest variations Amortizations December 31, 2019 1,516,362 93,009 95,788 (260,117) 1,445,042 87,710 96,519 (278,586) 1,350,685 Current 190,876 219,236 Noncurrent 1,254,166 1,131,449 8.2 Maturity of noncurrent installments 2021 233,817 2022 249,367 2023 265,951 2024 283,638 After 2024 98,676 1,131,449 |
9 Net Sectorial Financial Asset
9 Net Sectorial Financial Assets and Liabilities | 12 Months Ended |
Dec. 31, 2019 | |
Net Sectorial Financial Assets And Liabilities [Abstract] | |
Net Sectorial Financial Assets and Liabilities | 9 Net Sectorial Financial Assets and Liabilities The balance as of December 31, 2019 is composed of amounts related to amortization referring to the 2019 tariff adjustment, which represents the balance approved by ANEEL already included in the tariff, and of future tariff adjustment cycles (2020 tariff adjustment and 2021 periodic tariff review), whose amounts will be approved by ANEEL in the next tariff events. 9.1 Compositions of net sectorial financial assets and liabilities balances per tariff cycle 12.31.2019 12.31.2018 Current Noncurrent Current Noncurrent Sectorial financial assets - Electricity rate adjustment recoverable 2018 Portion A Electricity purchased for resale - CVA Energ - - 274,495 - Electricity purchased for resale - Itaipu - - 278,072 - Transport of energy using the transmission system - basic grid - - 28,100 - Transport of energy purchased from Itaipu - - 8,312 - System Service Charges - ESS - - (240,248) - Energy Development Account - CDE - - 16,434 - Proinfa - - 3,007 - Other financial components Neutrality - - 42,605 - Overcontracting - - (46,972) - Hydrological risk - - (175,117) - Tariff refunds - - (36,840) - CVA Angra III Adjustment - - 6,272 - Other - - 5,429 - - - 163,549 - Sectorial financial assets - Electricity rate adjustment recoverable 2019 Portion A Electricity purchased for resale - CVA Energ 235,192 - 176,198 176,198 Electricity purchased for resale - Itaipu 342,647 - 304,086 304,086 Transport of energy using the transmission system - basic grid (47,214) - (29,307) (29,307) Transport of energy purchased from Itaipu 9,937 - 7,469 7,469 System Service Charges - ESS (160,277) - (120,862) (120,862) Energy Development Account - CDE 98,722 - 71,325 71,325 Proinfa 8,528 - (10) (9) Other financial components - - - - Neutrality 29,690 - 40,212 40,211 Offset of energy surplus/deficit under CCEAR bilateral contracts - - - - Overcontracting (116,673) - (95,722) (95,722) Hydrological risk (119,416) - (71,958) (71,958) Tariff refunds (43,538) - (23,796) (23,796) Other (448) - - - 237,150 - 257,635 257,635 Sectorial financial assets - Electricity rate adjustment recoverable 2019 Portion A Electricity purchased for resale - CVA Energ 15,298 15,298 - - Electricity purchased for resale - Itaipu 225,340 225,340 - - Transport of energy using the transmission system - basic grid 30,126 30,126 - - Transport of energy purchased from Itaipu 7,227 7,227 - - System Service Charges - ESS (52,336) (52,336) - - Energy Development Account - CDE 27,103 27,103 - - Proinfa (30) (30) - - Other financial components - - - - Neutrality 9,408 9,408 - - Offset of energy surplus/deficit under CCEAR bilateral contracts 20,096 20,096 - - Overcontracting (25,725) (25,725) - - Hydrological risk (113,872) (113,872) - - Tariff refunds (24,215) (24,216) - - 118,420 118,419 - - 355,570 118,419 421,184 257,635 12.31.2019 12.31.2018 Current Noncurrent Current Noncurrent Sectorial financial liabilities - Tariff Review 2021 Financial components Tariff refunds - (102,284) - (96,531) - (102,284) - (96,531) - (102,284) - (96,531) 9.2 Changes in net sectorial financial assets and liabilities Balance as of Operating revenues Financial results Rate Balance as of December 31, 2018 Constitution Amortization Updating flags December 31, 2019 Portion A Electricity purchased for resale - Itaipu 886,243 533,057 (670,501) 44,528 - 793,327 Electricity purchased for resale - CVA Energ 626,891 358,200 (546,801) 29,909 (202,411) 265,788 Transport of energy using the transmission system - basic grid (30,514) 22,917 23,688 (3,053) - 13,038 Transport of energy purchased from Itaipu 23,250 19,531 (19,692) 1,302 - 24,391 ESS (481,972) (188,280) 427,177 (21,874) - (264,949) CDE 159,084 110,752 (127,190) 10,282 - 152,928 Proinfa 2,989 17,396 (12,636) 719 - 8,468 Other financial components Neutrality 123,028 (1,122) (74,698) 1,298 - 48,506 Offset of energy surplus/deficit under CCEAR bilateral contracts 5,237 80,385 (45,430) - - 40,192 CVA Angra III Adjustment 6,272 - (6,272) - - - Hydrological risk (319,033) (324,504) 304,197 (7,820) - (347,160) Tariff refunds (180,963) (89,327) 83,900 (7,863) - (194,253) Overcontracting (238,416) (22,166) 173,087 (5,774) (74,854) (168,123) Others 192 (905) 294 (29) - (448) 582,288 515,934 (490,877) 41,625 (277,265) 371,705 Current assets 421,184 355,570 Noncurrent assets 257,635 118,419 Noncurrent liabilities (96,531) (102,284) Balance as of Operating revenues Financial results Rate Balance as of December 31, 2017 Constitution Amortization Updating flags December 31, 2018 Portion A Electricity purchased for resale - Itaipu (9.2.1) 537,704 661,144 (348,586) 35,981 - 886,243 Electricity purchased for resale - CVA Energ (9.2.2) 497,885 710,482 (129,555) 31,053 (482,974) 626,891 Transport of energy using the transmission system - basic grid 47,239 (36,959) (43,101) 2,307 - (30,514) Transport of energy purchased f rom Itaipu 12,923 21,526 (12,194) 995 - 23,250 ESS (9.2.3) (591,408) (302,226) 443,817 (32,155) - (481,972) CDE (9.2.4) (141,893) 231,308 69,851 (182) - 159,084 Proinfa (5,188) 6,111 2,024 42 - 2,989 Other financial components Neutrality (9.2.5) 121,247 100,280 (100,661) 2,162 - 123,028 CVA Angra III Adjustment 48,193 8,482 (57,214) 6,811 - 6,272 Hydrological risk (9.2.6) (187,928) (310,975) 189,289 (9,419) - (319,033) Tariff refunds (9.2.7) (145,774) (80,493) 52,290 (6,986) - (180,963) Overcontracting (9.2.8) (136,325) (54,421) (37,176) (10,494) - (238,416) Others 3,024 11,193 (8,892) 104 - 5,429 59,699 965,452 19,892 20,219 (482,974) 582,288 Current assets 171,609 421,184 Noncurrent assets 171,609 257,635 Current liabilities (192,819) - Noncurrent liabilities (90,700) (96,531) 9.2.1 Electricity purchased for resale - Itaipu The power output from the Itaipu hydroelectric power plant is sold as quotas to utility companies in the South, Southeast and Midwest Brazilian regions in proportion to their markets, whose value is set in dollars per kilowatt of contracted monthly power (USD/kW). The invoices are paid in Brazilian currency and are used for currency conversion, the average USD sales rate calculated by the Central Bank of Brazil, on the business day immediately prior to the payment of the invoice. 9.2.2 Electricity purchased for resale - CVA Energy The balance constituted reflects the difference between the average price of payment related to the cost of energy purchased and the average price of tariff coverage, mainly due to the effects of contracting by availability (ECD) - associated with the dispatch of thermal plants and generation of wind farms and the transfer of the hydrological risk associated with the plants committed to Contracts of Quotas of Assured Power - CCGF, as well as the enterprises that signed the renegotiation term. 9.2.3 Energy Development Account - CDE The balance of the CDE in 2019 is the result of the higher amount of monthly payment quotas, except in this case the CDE discounts resulting from preliminary injunctions, ratified by ANEEL (Note 31.3.1), in relation to the regulatory quota in the electricity tariff. 9.2.4 System Service Charges - ESS The objective of the ESS is to cover the cost of maintaining the reliability and stability of the electrical system. Its calculation is performed monthly by CCEE and paid by the distributor and by generation agents. The ESS liability balance set up in 2019 is the result of the lower amount paid in relation to the amount included in the tariff, mainly due to the variation of the costs related to the dispatch of thermal plants. 9.2.5 Neutrality Portion A's neutrality corresponds to the estimate of the recoverable portion of the sector charges, energy, transportation, financial components and unrecoverable revenues, not billed by the current, and should be understood as the guarantee of transfer to consumers of all the components over which the distributor has no managing power. 9.2.6 Hydrological risk In the tariff adjustment of 2019 and 2018, there was calculation of the coverage of the hydrological risks associated with plants committed to Contract of Quotas of Assured Power - CCGF, of the Itaipu plant and of the hydroelectric power plants whose energy was contracted within the Regulated Contracting Environment - ACR and that signed the Risk Renegotiation Term in conformity with Law No. 13,203/2015. The estimated hydrological risk defined in the tariff adjustment will be reversed in the subsequent tariff adjustment, adjusted by the Selic rate. 9.2.7 Tariff refunds ANEEL, by means of Order No. 245 of January 28, 2016, in line with the Tariff Regulation Procedures - Proret, sub-module 2.1 - General Procedures, determined that the amounts resulting from excess demand and surplus of reagents previously recorded as special obligations should be recorded as sector financial liabilities. 9.2.8 Overcontracting For the calculation of the transfer of energy overcontracting or exposure to the short-term market, it is necessary to calculate the results in the short-term market of the distributor with data made available by CCEE. Even though contracting management mechanisms have contributed to significantly reduce the risk of over-contracting, the indicators associated with supply and demand point to the occurrence of 105.8% for Copel Distribuição. |
10 Accounts Receivables - Conce
10 Accounts Receivables - Concessions | 12 Months Ended |
Dec. 31, 2019 | |
Accounts Receivable Concessions | |
Accounts Receivables - Concessions | 10 Accounts Receivables - Concessions 12.31.2019 12.31.2018 Power distribution service concession (10.1) 836,818 783,023 Piped gas distribution service concession (10.2) 324,385 322,259 Bonus from the grant of concession agreements under the quota system (10.3) 647,984 625,772 Remeasurement of RBSE assets (10.4) 739,269 753,826 Generation concession agreements (10.5) 69,182 65,811 2,617,638 2,550,691 Current 58,842 53,177 Noncurrent 2,558,796 2,497,514 10.1 Power distribution service concession Balance as of January 1, 2018 684,206 Transfers from contract assets (Note 11.1) 66,380 Transfers to other receivables (assets held for disposal) (1,334) Fair value recognition 35,306 Loss on disposal (1,535) Balance as of December 31, 2018 783,023 Transfers from contract assets (Note 11.1) 28,987 Transfers to investments 348 Transfers to other receivables (assets held for disposal) (1,578) Fair value recognition 26,231 Incorporations (a) (75) Loss on disposal (118) Balance as of December 31, 2019 836,818 (a) Incorporation of assets and equipment through transfer free of charge, of which the amounts were classified in concession related receivables and in intangible assets (Note 18.1). The distribution concession agreement amount is measured at fair value and its collection is assured by the Concession Grantor through an indemnity upon the return of these assets at the end of the concession period. 10.2 Piped gas distribution service concession Balance as of January 1, 2018 303,668 Transfers from contract assets (Note 11.2) 6,399 Fair value recognition 12,193 Loss on disposal (1) Balance as of December 31, 2018 322,259 Transfers from contract assets (Note 11.2) 16,574 Transfers to intangible assets (Note 18.3) (24,835) Fair value recognition 10,415 Loss on disposal (28) Balance as of December 31, 2019 324,385 10.3 Bonus from the grant of concession agreements under the quota system Balance as of January 1, 2018 606,479 Transfers to electricity grid use charges - customers (66,693) Interest (Note 31.1) 85,986 Balance as of December 31, 2018 625,772 Transfers to electricity grid use charges - customers (69,192) Interest (Note 31.1) 91,404 Balance as of December 31, 2019 647,984 On January 5, 2016, Copel GeT entered into a 30-year concession agreement of HPP GPS, in accordance with Law No. 12,783/2013, with payment of the Bonus from the Grant - BO to the Concession Grantor, amounting to R$ 574,827, as per ANEEL Invitation to Bid 12/2015. The electric energy in 2016 was fully sold to the Regulated Contracting Environment - ACR under the Assured Power Quota System - CGF or “quota regime” and, as from 2017 to the end of the concession, in the proportion of 70% of the power in the ACR and 30% in the free environment - ACL. The amount of the bonus for the grant was recognized as a financial asset due to the Copel GeT’s unconditional right to receive the amount paid with inflation adjustment based on IPCA and interest during the concession period. 10.4 Remeasurement of RBSE financial assets Balance as of January 1, 2018 1,418,370 Gain on remeasurement of the cash flow from the RBSE assets (635,292) Increase in the estimated amount due to the approval of the report on RBSE assets 82,640 Transfers to electricity grid use charges - customers (111,892) Balance as of December 31, 2018 753,826 Gain on the cash flow from the assets 90,346 Transfers to electricity grid use charges - customers (104,902) Balance as of December 31, 2019 739,270 Refers to the right recognized, emerging of Concession Agreement No. 060/2001 arising from the Annual Permitted Revenue - RAP not received in the period from January 2013 to June 2017. The balance includes monetary restatement and interest. On June 27, 2017, ANEEL published Resolution 2,258 establishing the Annual Permitted Revenues (RAP) for the 2017-2018 tariff cycle, considering a court decision on the injunction of April 11, 2017 related to a lawsuit filed by business associations, which determines the deduction of the "compensation", provided for in article 15, paragraph 2 of Law 12,783/2013, on a temporary basis. The same decision was applied to the other tariff cycles. The compensation being challenged in court related to the cost of equity calculated for the RBSE assets from January 2013 to June 2017, at the time of filing of the lawsuit, is R$ 201,795. Based on the opinion of its legal counsel, Copel GeT understands that this is a provisional decision that does not oppose its right to receive the due amounts related to RBSE assets, and that these are guaranteed by law. Therefore, the receivables considered in the receipt flow of this asset are recorded in noncurrent assets. 10.5 Power generation concession contract Balance as of January 1, 2018 68,859 Transfers to other current receivables - disposal of assets (9,053) Gain on remeasurement of the cash flow 1,247 Reversal of impairment (Note 32.4) 4,758 Balance as of December 31, 2018 65,811 Gain on remeasurement of the cash flow 426 Reversal of impairment (Note 32.4) 2,945 Balance as of December 31, 2019 69,182 The balance refers to the electricity generation assets, due to the expiration of the concessions of HPP GPS and HPP Mourão I. Copel GeT depreciated the plants until the expiration date of the concessions and the residual balances of the assets were reclassified to accounts receivable linked to the concession. Although the Granting Authority has not yet disclosed the form of payment of remuneration of the assets and despite uncertainties regarding the approval of the investments made, Management's expectation about indemnification for these assets indicates the recoverability of the recorded balance, based on the remuneration methodology established by ANEEL. The variation in the remeasurement of the cash flow of these assets was matched against Other Revenues account, within the group of Other operating costs and expenses, net. Copel GeT timely manifested to ANEEL its interest in receiving the indemnifiable amount. Formalization of proof of realization of the respective investments to ANEEL occurred on December 17, 2015. To prepare the information, the new replacement value methodology was used, as defined by ANEEL Normative Resolution No. 596/2013. |
11 Contract Assets
11 Contract Assets | 12 Months Ended |
Dec. 31, 2019 | |
Contract assets [abstract] | |
Contract Assets | 11 Contract assets 12.31.2019 12.31.2018 Power distribution service concession (11.1) 844,284 640,500 Piped gas distribution service concession (11.2) 26,734 25,718 Power transmission concession (11.3) 3,180,366 2,767,012 4,051,384 3,433,230 Current 107,443 85,019 Noncurrent 3,943,941 3,348,211 Until December 31, 2017, the balances of the electricity transmission concession contracts were classified as a financial asset under the scope of IAS 39 and IFRIC 12, and the balances of works in progress of energy distribution and piped gas were classified as intangible assets under the scope of IFRIC 12. On January 1, 2018, with the entry into force of IFRS 15 and the revision of IFRIC 12, the Company started to classify these balances as contract assets. The adoption of the IFRS was carried out prospectively, according to the changes presented below. 11.1 Power distribution service concession contract Assets Special liabilities Total Balance as of January 1, 2018 - - - Transfers from intangible assets (Note 18.1) 714,446 (26,100) 688,346 Acquisitions 797,832 - 797,832 Customers contributions - (106,764) (106,764) Provision for legal claims added to the cost of the works 4,320 - 4,320 Transfers to intangible assets (Note 18.1) (775,701) 107,679 (668,022) Transfers from/to accounts receivable - concessions (Note 10.1) (67,310) 930 (66,380) Loss on disposal (8,832) - (8,832) Balance as of December 31, 2018 664,755 (24,255) 640,500 Acquisitions 1,021,644 - 1,021,644 Customers contributions - (104,067) (104,067) Provision for legal claims added to the cost of the works 1,823 - 1,823 Transfers from/to intangible assets (Note 18.1) (771,844) 93,164 (678,680) Transfers from/to accounts receivable - concessions (Note 10.1) (33,075) 4,088 (28,987) Loss on disposal (7,949) - (7,949) Balance as of December 31, 2019 875,354 (31,070) 844,284 The costs of borrowings, financing and debentures capitalized in 2019 totaled R$ 6,838, at average rate of 0.28% p.a. (R$ 5,435, at average rate of 0.26% p.a. in 2018). 11.2 Piped gas distribution service concession contract Balance as of January 1, 2018 - Transfers from intangible assets (Note 18.3) 19,471 Acquisitions 15,618 Transfers to intangible assets (Note 18.3) (2,042) Transfers from/to accounts receivable - concessions (Note 10.1) (6,399) Loss on disposal (930) Balance as of December 31, 2018 25,718 Acquisitions 17,590 Transfers to accounts receivable - concessions (Note 10.2) (16,574) Balance as of December 31, 2019 26,734 11.3 Transmission service concession contract Balance as of January 1, 2018 - Transfers from/to accounts receivable - concessions 1,497,399 Transfers from accounts receivable linked to the concession - RBSE (Note 10.4) 635,292 Effect of the acquisition of control of the Costa Oeste and Marumbi 258,908 Transfers to electricity grid use charges - customers (243,247) Transfers to property, plant and equipment (501) Transfers from litigations 8,277 Remuneration 268,904 Construction revenue 297,018 Construction income 44,962 Balance as of December 31, 2018 2,767,012 Business combinations effects (Note 1.2) 117,942 Realization of gains/losses in business combinations 282 Transfers to electricity grid use charges - customers (286,158) Transfers to property, plant and equipment (3,353) Transfers from litigations (313) Remuneration 368,514 Construction revenue 173,733 Construction income 42,707 Balance as of December 31, 2019 3,180,366 |
12 Other Receivables
12 Other Receivables | 12 Months Ended |
Dec. 31, 2019 | |
Other Receivables [Abstract] | |
Other Receivables | 12 Other Receivables 12.31.2019 12.31.2018 Fair value in the purchase and sale of power in the active market (Note 35.2.12) 460,635 14,793 Services in progress (a) 228,593 165,973 Credits on purchases of gas (12.1) 142,941 112,003 CDE Transfer (12.2) 61,898 107,472 Advance payments to suppliers (b) 24,073 22,096 Decommissioning in progress 21,238 19,457 Advance payments to employees 20,427 21,201 Tariff flag - CCRBT 19,545 28,725 Advance for severance estate 15,597 19,591 Other receivables 93,677 80,833 1,088,624 592,144 Current 426,865 363,250 Noncurrent 661,759 228,894 CCRTB - Centralizing account of Tariff Flag Resources. (a) This item refers to services currently in progress within the Company, most of which are related to the Research and Development and Energy Efficiency programs, which upon conclusion are offset against the respective liability recorded for this purpose. (b) Advances to suppliers provided on contractual clauses. 12.1 Credits on purchases of gas - Compagás This balance refers to the gas acquisition of contracted and guaranteed volumes, higher than those actually withdrawn and used, and contains a future compensation clause. Compagás has the right to use the gas in subsequent months and can compensate the volume contracted and not consumed until 2022. According to the contractual provisions and consumption perspectives, derived from the review of the projects and scenarios for the next years, Compagás estimates to fully offset the contracted volumes in the course of its operation. The contracts with Petrobras provide for the right to dispose of this asset. The expiration date of the concession is in discussion with the Concession Grantor, as described in Note 2.1.1. 12.2 CDE Transfer Balance in December 31, 2019 to be transferred by the CDE referring to tariff discounts on the tariffs applicable to users defined in accordance with article 13, item VII, of Law 10,438/2002 and Decree 7,891/2013. The amount transferred to Copel DIS for the period from June 2018 to May 2019, in accordance with Resolution 2,402/2018, was R$ 62,699 per month. As from June 2019, this amount was changed to R$ 51,200 per month, by Resolution 2,559, dated June 18, 2019, which approved the result of the last Annual Tariff Adjustment. |
13 Taxes
13 Taxes | 12 Months Ended |
Dec. 31, 2019 | |
Taxes [Abstract] | |
Taxes | 13 Taxes 13.1 Deferred income tax and social contribution 13.1.1 Income Tax and Social Contribution The taxation on profit comprises income tax and social contribution calculated based on the taxable profits (adjusted profit) of each taxable entity at the applicable tax rates according to prevailing legislation, namely, at 15%, plus 10% surtax on the amount exceeding R$ 240 per year, for income tax and at 9% for social contribution. Income tax and social contribution losses can be offset against future taxable profits, considering the limit of 30% of the taxable profit for the period, and can be carried forward indefinitely. 13.1.2 Deferred income tax and social contribution The Company, based on its profitability history and the expectation of generating future taxable profits, based on its internal projections prepared for reasonable periods for its business, sets up a deferred tax asset on temporary differences between the tax bases and on tax losses and negative tax basis. The deferred income tax and social contribution are recognized on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used for tax calculation purposes, to the extent that it is probable that there will be sufficient taxable profits against which the temporary differences can be utilized and the tax losses can be offset. Deferred tax assets and liabilities may be offset if there is a legal right to offset the current tax assets and liabilities and they relate to the same taxing authority. Effect Business Recognized Business Recognized Balance as of Recognized of applying combination comprehensive Balance as of Recognized combination comprehensive Balance as of January 01, 2018 in income new IFRS effect income December 31, 2018 in income effect (Note 1.2) income December 31, 2019 Noncurrent assets Provisions for legal claims 514,358 55,123 - 3,696 - 573,177 (62,044) 6,237 - 517,370 Post-employment benefits 293,611 15,080 - - 19,994 328,685 13,285 - 63,444 405,414 Impairment of assets 310,561 17,450 - - - 328,011 57,456 - - 385,467 Research and development and energy efficiency programs 156,325 (1,834) - - - 154,491 10,840 - - 165,331 Expected credit losses 113,380 (6,838) 7,468 - - 114,010 17,811 - - 131,821 Tax losses and negative tax basis 110,658 (39,518) - - - 71,140 27,102 - - 98,242 Social security contributions - injunction on judicial deposit 60,856 6,154 - - - 67,010 4,190 - - 71,200 Amortization - concession 48,722 4,617 - - - 53,339 5,005 - - 58,344 Provision for profit sharing 22,270 8,278 - - - 30,548 21,567 - - 52,115 Concession contracts 24,906 (1,300) - - - 23,606 (1,253) - - 22,353 Provision for energy purchases 129,877 25,693 - - - 155,570 (137,531) - - 18,039 Others 97,092 49,673 1,006 - - 147,771 (4,512) - - 143,259 1,882,616 132,578 8,474 3,696 19,994 2,047,358 (48,084) 6,237 63,444 2,068,955 (-) Noncurrent liabilities Concession contracts 535,726 68,475 - 9,457 - 613,658 99,817 (1,026) - 712,449 Deemed cost 449,884 (34,559) - - - 415,325 (34,116) - - 381,209 Derivative financial instruments - 5,030 - - - 5,030 65,915 - - 70,945 Escrow deposits monetary variation 55,328 8,839 - - - 64,167 (3,022) - - 61,145 Accelerated depreciation 26,401 6,281 - - - 32,682 17,640 - - 50,322 Transaction cost on borrowings and debentures 21,538 9,589 - - - 31,127 981 - - 32,108 Others 34,877 851 - - - 35,728 6,849 - - 42,577 1,123,754 64,506 - 9,457 - 1,197,717 154,064 (1,026) - 1,350,755 Net 758,862 68,072 8,474 (5,761) 19,994 849,641 (202,148) 7,263 63,444 718,200 Assets presented in the Statement of Financial Position 915,492 1,007,061 1,011,866 (-) Liabilities presented in the Statement of Financial Position (156,630) (157,420) (293,666) 13.1.3 Realization of deferred taxes The projection of deferred tax credits realization recorded in noncurrent assets and liabilities is based on the average realization period of each item of deferred assets and liabilities and tax losses, also based on projections of future results. These projections were evaluated by the Supervisory Board on March 17, 2020 and approved by the Board of Directors on March 25, 2020. The items that were the basis for the constitution of the main credits, as well as their form of realization are as follows: - Amounts recorded on provisions for post-employment benefits will be realized as the payments are made to the Copel Foundation or reversed according to new actuarial estimates; - Amounts set up on the provisions for legal claims will be realized according to court decisions or by the reversal when the possible risk of the shares is reviewed; - Amounts set up on the provision for impairment of assets will be realized through the amortization and/or depreciation of the impaired asset; - Amounts set up on the provision for purchase of energy and charges of the main distribution and transmission grid will be realized upon the effective obligation of the amounts provisioned or by the reversal of the provision; - Amounts set up on the provisions for R&D and PEE will be realized through the expenses incurred in the projects carried out; - Amounts recorded on the deemed cost will be realized through the amortization and/or depreciation of the valued asset; - Amounts related to the concession agreement will be realized over the term of the agreement; - Amounts related to tax losses and negative tax basiswill be recovered by offsetting against future taxable income; - Other amounts: realized when they meet the deductibility criteria provided for in tax legislation, or upon reversal of the recorded amounts. The projected realization of the deferred taxes is shown below: Assets Liabilities 2020 329,177 (96,763) 2021 258,853 (98,388) 2022 143,599 (91,131) 2023 136,665 (102,510) 2024 84,208 (80,290) 2025 to 2027 158,702 (209,525) 2028 to 2029 957,751 (672,148) 2,068,955 (1,350,755) 13.1.4 Unrecognized tax credits As of December 31, 2019, UEG Araucária did not recognize income tax and social contribution credits on income tax and social contribution tax losses in the amount of R$ 83,273 (R$ 34,567, as of December 31, 2018) for not having, at that moment, reasonable assurance of generation of future taxable profits sufficient to allow the utilization of these tax credits. 13.2 Other taxes recoverable and other tax obligations 12.31.2019 12.31.2018 Current assets Recoverable ICMS (VAT) 103,977 96,072 Recoverable PIS/Pasep and Cofins taxes 98,942 64,200 Other recoverable taxes 2,141 570 205,060 160,842 Noncurrent assets Recoverable ICMS (VAT) 74,568 50,306 PIS/Pasep and Cofins taxes 213,667 147,380 Other recoverable taxes 33,776 33,714 322,011 231,400 Current liabilities ICMS (VAT) payable 179,662 185,634 PIS/Pasep and Cofins payable 125,197 115,345 IRRF on JSCP 117,807 23,687 Special Tax Regularization Program - Pert 49,310 46,777 Ordinary financing of taxes with the federal tax authorities 18,063 64,974 Other taxes 11,029 15,016 501,068 451,433 Noncurrent liabilities Social security contributions - injunction on judicial deposit 209,747 197,413 Special Tax Regularization Program - Pert 447,897 471,665 Ordinary financing of taxes with the federal tax authorities - 21,658 TCFRH (a) - 101,821 Other taxes 4,470 4,175 662,114 796,732 (a) Control, Monitoring and Inspection Fee for Exploration Activities and the Use of Water Resources - as a result of the repeal of the law that instituted the referred fee, the Company, based on the opinion of its legal advisors, concluded that the conditions to maintain the provision were not satisfied and reversed the balance, so that R $ 97,664 was recorded in the operating result (Note 33.6) and R $ 4,157 in the financial result Sales and services revenues are subject to value-added tax (Imposto sobre Circulação de Mercadorias e Serviços or ICMS) and service tax (Imposto sobre Serviços or ISS), at the applicable rates, and to the PIS (Social Integration Program) and COFINS (Contribution for Social Security Funding). Credits resulting from non-cumulative PIS and COFINS charges are accounted for as reductions to operating costs in the statement of income. Credits arising from non-cumulative ICMS, PIS and COFINS related to the purchase of assets are presented as reductions to the acquisition cost of these assets. Prepayments or amounts that can be offset are presented in current and non-current assets, according to their expected realization. 13.2.1 Pis/Pasep and Cofins credit on ICMS The final and unappealable ruling has been rendered in connection with the lawsuit through which Compagás was claiming exclusion of ICMS from the PIS/Pasep and Cofins tax bases. Due to this favorable ruling, the Company recorded the credit right of R$ 143,618 under Other Taxes Recoverable with corresponding entry of R$105,184 in operating revenue (Note 31.1) and R$ 38,434 in financial income (Note 33.1). In addition, Copel DIS filed a writ of mandamus requesting the exclusion of the ICMS amount in the basis for calculating contributions to Pis and Cofins. The referred process is in the final stage of appeals at the Supreme Court of Justice and the Company has been obtaining favorable decisions in all previous stages of the process. The Company awaits the final and unappealable decision of the lawsuit, the modulation of the effects by the Supreme Federal Court of Extraordinary Appeal nº 574,706, as well as the final result of the Taking of Subsidies nº 005/2020 by ANEEL. 13.2.2 Special Regime for Tax Regularization (PERT) Copel DIS joined PERT in 2017, considering the benefits offered by the program in the face of the change in the CVA tax regime, from a billing regime to an accrual basis. The payment of 20% of the debt occurred in 2017 and as of January 2018 the payment of the balance began in 145 monthly installments of R$ 3,572, adjusted by the Selic rate. In December 2018, the Federal Revenue Service of Brazil consolidated the debts presented by the Company, which has been paying its installments on time. 13.3 Reconciliation of provision for income tax (IRPJ) and social contribution (CSLL) 12.31.2019 12.31.2018 12.31.2017 Income before IRPJ and CSLL 2,702,195 1,955,997 1,392,941 IRPJ and CSLL (34%) (918,746) (665,039) (473,600) Tax effects on: Equity in income 36,297 46,203 36,555 Interest on own capital 222,848 98,917 90,440 Dividends 192 280 497 Non deductible expenses (16,571) (9,322) (26,292) Tax incentives 17,804 16,465 14,973 Unrecognized income and social contribution tax loss carry-forwards (48,892) (15,383) (5,645) Setting up and/or offset of income tax and social contribution losses of prior years - 5,037 90,804 Difference between the calculation bases of deemed profit and taxable profit 72,175 11,076 (19,680) Others (4,433) (227) 17,262 Current IRPJ and CSLL (433,555) (580,065) (379,943) Deferred IRPJ and CSLL (205,771) 68,072 105,257 Effective rate - % 23.7% 26.2% 19.7% |
14 Prepaid Expenses
14 Prepaid Expenses | 12 Months Ended |
Dec. 31, 2019 | |
Prepaid Expenses [Abstract] | |
Prepaid Expenses | 14 Prepaid Expenses 12.31.2019 12.31.2018 Risk premium - GSF renegotiation (14.1) 3,180 12,574 Others 30,515 31,535 33,695 44,109 Current 33,563 40,819 Noncurrent 132 3,290 14.1 Hydrological risk renegotiation (GSF) In accordance with Hydrological Risk Renegotiation Term and previously mentioned regulations, the companies acquired the right to partially recover the cost with MRE (GSF) in 2015, in the amount of R$ 33.55 per average MW of electricity for SP100 product class, based on the risk premium contracted by them (Note 4.9.2). The amounts originally recognized on the renegotiation of the hydrological risk were as follows: Power Plant Physical guarantee (Average MW) Eligible amount of energy (Average MW) Amortization period Grant extension period (intangible asset) Asset value to recover as renegotiation of GSF Value of prepaid expenses to amortize with future risk premium Value of intangible assets amortization over the concession period Mauá 100.827 97.391 01.01.2016 to 06.30.2020 not applicable 28,623 28,623 - Foz do Areia 576,000 226.705 01.01.2016 to 12.31.2016 05.24.2023 to 09.17.2023 66,628 17,222 49,406 Santa Clara and Fundão 135,400 134.323 01.01.2016 to 04.22.2019 10.25.2036 to 05.28.2037 39,369 30,326 9,043 458.419 134,620 76,171 58,449 A breakdown of these items as at December 31, 2019 and 2018 is presented below: Balance as of Balance as of Balance as of January 01, 2018 Amortization Transfers December 31, 2018 Amortization Transfers December 31, 2019 Risk premium - current asset 15,459 (15,459) 9,394 9,394 (9,394) 3,180 3,180 Risk premium - noncurrent asset 12,574 - (9,394) 3,180 - (3,180) - Intangible 45,745 (7,038) - 38,707 (7,040) - 31,667 73,778 (22,497) - 51,281 (16,434) - 34,847 Risk premium to be amortized - prepaid expenses 28,033 12,574 3,180 Grant extension period - intangible 45,745 38,707 31,667 |
15 Judicial Deposits
15 Judicial Deposits | 12 Months Ended |
Dec. 31, 2019 | |
Judicial Deposits [Abstract] | |
Judicial Deposits | 15 Judicial Deposits 12.31.2019 12.31.2018 Taxes claims 351,402 369,423 Labor claims 85,187 84,908 Civil Civil 53,260 63,484 Easements 5,076 3,280 Customers 1,897 1,861 60,233 68,625 Others 7,368 5,334 504,190 528,290 |
16 Investments
16 Investments | 12 Months Ended |
Dec. 31, 2019 | |
Investments [Abstract] | |
Investments | 16 Investments 16.1 Changes in investments Investment/ Balance as of Advance for future Capital Amorti- Dividends Balance as of January 1, 2019 Equity capital increase decrease zation and JSCP Transfers December 31, 2019 Joint Ventures (16.3) Voltalia São Miguel do Gostoso I 110,568 (3,409) 2,940 - - - - 110,099 Voltalia São Miguel do Gostoso - direito de autorização 10,405 - - - (367) - - 10,038 Caiuá 74,639 4,800 - - - (1,127) - 78,312 Integração Maranhense 129,684 11,316 - - - (2,284) - 138,716 Matrinchã 673,216 48,634 - - - (10,323) - 711,527 Guaraciaba 356,941 18,312 - (34,300) - (3,876) - 337,077 Paranaíba 160,584 16,375 - - - (2,986) - 173,973 Mata de Santa Genebra 484,262 (41,716) 130,811 - - - - 573,357 Cantareira 317,523 28,031 - - - (7,286) - 338,268 2,317,822 82,343 133,751 (34,300) (367) (27,882) - 2,471,367 Associates Dona Francisca Energética (16.4) 29,144 9,853 - - - (10,574) - 28,423 Foz do Chopim Energética (16.4) 8,227 13,924 - - - (9,976) - 12,175 Dominó Holdings 2,442 (280) - (735) - (1,181) - 246 Other 9,115 917 123 - - - - 10,155 48,928 24,414 123 (735) - (21,731) - 50,999 Investment property 1,342 - - - (5) - (524) 813 Advance for future capital future capital increase (Note 1.2.1) 142 - 133,597 - - - (133,739) - 2,368,234 106,757 267,471 (35,035) (372) (49,613) (134,263) 2,523,179 Investment/ Effects of Advance for Proposed applying Balance as of future capital Capital dividends new IFRS Balance as of January 1, 2018 Equity increase decrease Amortization and JCP (Note 17.1.1) Other (a) December 31, 2018 Joint Ventures (16.3) Voltalia São Miguel do Gostoso I 74,998 (3,964) 39,534 - - - - - 110,568 Voltalia São Miguel do Gostoso - authorization rights 10,773 - - - (368) - - - 10,405 Paraná Gás 3 (3) - - - - - - - Costa Oeste 33,646 3,041 - - - - - (36,687) - Marumbi 85,341 6,971 - - - - - (92,312) - Transmissora Sul Brasileira 64,360 1,161 - - - - - (65,521) - Caiuá 56,037 5,034 - - - (1,324) 14,892 - 74,639 Integração Maranhense 113,401 9,238 - - - (2,022) 9,067 - 129,684 Matrinchã 835,819 50,411 - - - (9,131) (203,883) - 673,216 Guaraciaba 418,320 35,321 - - - (4,328) (92,372) - 356,941 Paranaíba 162,273 (16,510) - - - (2,976) 17,797 - 160,584 Mata de Santa Genebra 459,374 (2,541) 48,096 - - 3,264 (23,931) - 484,262 Cantareira 200,018 24,564 - (35,280) - (1,461) 129,682 - 317,523 2,514,363 112,723 87,630 (35,280) (368) (17,978) (148,748) (194,520) 2,317,822 Associates Dona Francisca Energética (16.4) 29,821 9,989 - - - (10,666) - - 29,144 Foz do Chopim Energética (16.4) 13,084 13,214 - - - (18,071) - - 8,227 Dominó Holdings 2,457 (15) - - - - - - 2,442 Other 9,556 (23) 9 - - - - (427) 9,115 54,918 23,165 9 - - (28,737) - (427) 48,928 Investment property 1,362 - - - (5) - - (15) 1,342 Other investments - - 142 - - - - - 142 2,570,643 135,888 87,781 (35,280) (373) (46,715) (148,748) (194,962) 2,368,234 (a) Of the total, the amounts of R$ 36,687 and R$ 92,312 refers to investments that are now subsidiaries; R$ 65,521 refers to investment written off; R$ 427 from the sale of the associated company Dois Saltos Empreendimentos de Geração de Energia Elétrica Ltda; and R$ 15 refers to the transfer to Other receivables 16.1.1 Initial adoption of IFRS 15 Until December 31, 2017, Copel's joint ventures classified the transmission infrastructure as a financial asset under the scope of IFRIC 12, measured at amortized cost. The Companies recognized a remuneration rate during the construction period, which was remeasured after the start of commercial operation, according to the investments made, and was fixed until the end of the concession. As of the initial adoption of IFRS 15, with the definition of fixed remuneration at the beginning of the project, all changes that occurred in the construction period started to be immediately recognized in the result and no longer diluted over the remaining term of the contract. The adjustment in Copel's shareholders' equity on January 1, 2018, resulting from the remeasurement of the contract assets of its investees, was R$ 148,748, recognized through equity method. In the transition, Copel and its investees opted to adopt the standard on the date of initial application as an adjustment to the opening balance, in a shareholders' equity account, considering only open contracts prior to the application date, as provided for in IFRS 15. 16.2 Subsidiaries with non-controlling interests 16.2.1 Summarized financial information Compagás Elejor UEG Araucária 12.31.2019 12.31.2018 12.31.2017 12.31.2019 12.31.2018 12.31.2017 12.31.2019 12.31.2018 12.31.2017 ASSETS 904,993 675,286 632,910 625,154 652,175 675,450 421,533 436,137 507,060 Current assets 313,896 204,725 151,966 80,079 80,990 77,216 80,788 33,573 99,101 Noncurrent assets 591,097 470,561 480,944 545,075 571,185 598,234 340,745 402,564 407,959 LIABILITIES 904,993 675,286 632,910 625,154 652,175 675,450 421,533 436,137 507,060 Current liabilities 236,190 133,769 147,743 85,647 124,880 164,574 91,066 42,185 38,386 Noncurrent liabilities 110,475 106,900 87,409 496,648 473,318 449,149 14,727 23,290 22,470 Equity 558,328 434,617 397,758 42,859 53,977 61,727 315,740 370,662 446,204 STATEMENT OF INCOME Operating revenues 866,884 588,532 515,563 218,421 293,942 291,597 52,216 524 129,084 Operating costs and expenses (662,306) (515,594) (309,213) (86,237) (89,931) (93,230) (131,596) (94,970) (121,883) Financial results 43,186 (2,411) (25,612) (92,728) (89,301) (54,254) 832 2,275 5,302 Equity in earnings of investees - - - - - - 916 - (5,777) Income tax and social contribution (74,791) (10,909) (66,785) (13,331) (38,379) (47,893) (22,703) 16,316 (7,098) Net income (loss) 172,973 59,618 113,953 26,125 76,331 96,220 (100,335) (75,855) (372) Other comprehensive income (1,277) 187 (251) - - - 132 - - Total comprehensive income 171,696 59,805 113,702 26,125 76,331 96,220 (100,203) (75,855) (372) STATEMENTS OF CASH FLOWS Cash flows from operational activities 54,760 66,017 83,661 51,839 127,108 143,911 (57,585) (26,980) (86,840) Cash flows from investment activities (17,531) (15,961) (14,268) (314) (2,659) (1,461) (1,945) (2,768) 118,460 Cash flows from financing activities 14,312 (43,980) (20,623) (56,533) (119,468) (143,028) 45,133 - - TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS 51,541 6,076 48,770 (5,008) 4,981 (578) (14,397) (29,748) 31,620 Cash and cash equivalents at the beginning of the year 90,155 84,079 35,309 42,886 37,905 38,483 21,516 51,264 19,644 Cash and cash equivalents at the end of the year 141,696 90,155 84,079 37,878 42,886 37,905 7,119 21,516 51,264 CHANGE IN CASH AND CASH EQUIVALENTS 51,541 6,076 48,770 (5,008) 4,981 (578) (14,397) (29,748) 31,620 16.2.2 Changes in equity attributable to non-controlling shareholders Participation in capital stock Compagás: 49% Elejor: 30% UEG Araucária: 18.8% Total Balance as of January 1, 2017 146,818 23,910 89,316 260,044 Net income (loss) 55,837 28,866 (74) 84,629 Other comprehensive income (123) - - (123) Deliberation of additional dividends proposed - (11,053) - (11,053) Dividends (7,631) (23,205) - (30,836) Balance as of December 31, 2017 194,901 18,518 89,242 302,661 Net income (loss) 29,213 22,899 (15,171) 36,941 Other comprehensive income 91 - 63 154 Dividends (11,243) (25,224) - (36,467) Balance as of December 31, 2018 212,962 16,193 74,134 303,289 Net income (loss) 84,758 7,838 (19,673) 72,923 Other comprehensive income (626) - 25 (601) Deliberation of additional dividends proposed - (3,335) - (3,335) Dividends (23,514) (7,838) - (31,352) Gain with interest variation in Subsidiary - - 4,874 4,874 Balance as of December 31, 2019 273,580 12,858 59,360 345,798 16.3 Total balances of the groups of assets, liabilities, profit or loss and equity interest in commitments and contingent liabilities of the main joint venture Voltalia Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira Balance as of December 31, 2019 ASSETS 226,898 271,409 486,305 2,295,925 1,318,517 1,625,008 2,482,326 1,496,577 Current assets 3,664 30,472 59,466 301,722 150,875 178,558 268,381 182,971 Cash and cash equivalents 1,494 3,968 6,570 85,293 44,805 20,338 48,395 60,252 Other current assets 2,170 26,504 52,896 216,429 106,070 158,220 219,986 122,719 Noncurrent assets 223,234 240,937 426,839 1,994,203 1,167,642 1,446,450 2,213,945 1,313,606 . LIABILITIES 226,898 271,409 486,305 2,295,925 1,318,517 1,625,008 2,482,326 1,496,577 Current liabilities 2,206 28,892 77,116 166,430 84,863 104,065 129,810 72,907 Financial liabilities - 7,584 13,468 82,665 33,102 60,399 93,643 48,619 Other current liabilities 2,206 21,308 63,648 83,765 51,761 43,666 36,167 24,288 Noncurrent liabilities - 82,699 126,095 677,398 545,742 810,847 1,208,089 733,326 Financial liabilities - 49,958 78,350 624,779 461,353 580,451 1,208,089 507,775 Other noncurrent liabilities - 32,741 47,745 52,619 84,389 230,396 - 225,551 Equity 224,692 159,818 283,094 1,452,097 687,912 710,096 1,144,427 690,344 . STATEMENT OF INCOME Net operating income - 25,180 44,264 250,188 111,912 198,573 357,522 138,259 Operating costs and expenses (111) (5,481) (5,672) (70,886) (29,067) (30,560) (384,228) (5,360) Financial results 146 (4,557) (6,594) (59,794) (42,548) (54,154) (99,186) (46,190) Equity in income of subsidiaries (7,080) - - - - - - - Income tax and social contribution (5) (5,348) (8,904) (33,103) (2,926) (47,024) 42,627 (29,498) Net income (loss) (7,050) 9,794 23,094 86,405 37,371 66,835 (83,265) 57,211 Other comprehensive income - - - - - - - - Total comprehensive income (7,050) 9,794 23,094 86,405 37,371 66,835 (83,265) 57,211 Investment interest - % 49.0 49.0 49.0 49.0 49.0 24.5 50.1 49.0 Investment book value 110,099 78,312 138,716 711,527 337,077 173,973 573,357 338,268 Voltalia Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira Balance as of December 31, 2018 ASSETS 227,867 261,951 465,801 2,199,434 1,295,670 1,574,846 2,365,160 1,443,693 Current assets 2,344 26,471 47,347 326,557 229,693 165,072 202,253 161,328 Cash and cash equivalents 205 1,128 1 116,634 136,191 13,931 19,568 301 Other current assets 2,139 25,343 47,346 209,923 93,502 151,141 182,685 161,027 Noncurrent assets 225,523 235,480 418,454 1,872,877 1,065,977 1,409,774 2,162,907 1,282,365 . LIABILITIES 227,867 261,951 465,801 2,199,434 1,295,670 1,574,846 2,365,160 1,443,693 Current liabilities 2,216 24,955 73,856 137,627 79,701 104,599 124,606 60,964 Financial liabilities - 7,615 13,228 70,192 27,950 55,968 33,964 46,329 Other current liabilities 2,216 17,340 60,628 67,435 51,751 48,631 90,642 14,635 Noncurrent liabilities - 84,672 127,284 687,897 487,520 814,798 1,273,962 734,724 Financial liabilities - 57,028 91,342 683,316 482,125 612,854 934,650 532,179 Other noncurrent liabilities - 27,644 35,942 4,581 5,395 201,944 339,312 202,545 Equity 225,651 152,324 264,661 1,373,910 728,449 655,449 966,592 648,005 . STATEMENT OF INCOME Net operating income - 25,129 42,379 272,103 181,665 (14,331) 514,591 195,441 Operating costs and expenses (103) (4,785) (7,732) (47,771) (27,273) (23,244) (462,839) (60,529) Financial results (170) (5,017) (7,817) (61,910) (35,036) (57,977) (59,507) (58,402) Equity in income of subsidiaries (7,815) - - - - - - - Income tax and social contribution - (5,053) (7,974) (59,544) (47,273) 28,163 2,685 (26,379) Net income (loss) (8,088) 10,274 18,856 102,878 72,083 (67,389) (5,070) 50,131 Other comprehensive income - - - - - - - - Total comprehensive income (8,088) 10,274 18,856 102,878 72,083 (67,389) (5,070) 50,131 Investment interest - % 49.0 49.0 49.0 49.0 49.0 24.5 50.1 49.0 Investment book value 110,568 74,639 129,684 673,216 356,941 160,584 484,262 317,523 Voltalia Transmissora Sul Brasileira Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira Balance as of December 31, 2017 ASSETS 155,272 659,464 230,743 466,783 2,774,973 1,428,247 1,698,213 1,722,063 952,670 Current assets 2,141 56,604 22,895 44,594 297,331 139,920 233,065 107,568 6,046 Cash and cash equivalents 3 25,547 1,626 2,224 116,256 34,364 29,066 96,244 5,169 Other current assets 2,138 31,057 21,269 42,370 181,075 105,556 203,999 11,324 877 Noncurrent assets 153,131 602,860 207,848 422,189 2,447,642 1,288,327 1,465,148 1,614,495 946,624 . LIABILITIES 155,272 659,464 230,743 466,783 2,774,973 1,428,247 1,698,213 1,722,063 952,670 Current liabilities 2,214 220,845 23,608 71,563 140,515 71,818 124,764 12,630 9,706 Financial liabilities - 212,618 7,427 13,240 48,686 32,627 53,317 - - Other current liabilities 2,214 8,227 16,181 58,323 91,829 39,191 71,447 12,630 9,706 Noncurrent liabilities - 116,818 92,774 163,790 928,706 502,713 911,107 792,519 534,764 Financial liabilities - 106,174 64,081 103,755 712,198 388,806 638,779 703,897 439,192 Other noncurrent liabilities - 10,644 28,693 60,035 216,508 113,907 272,328 88,622 95,572 Equity 153,058 321,801 114,361 231,430 1,705,752 853,716 662,342 916,914 408,200 . STATEMENT OF INCOME Net operating income - 53,374 (2,904) (14,460) 403,891 208,444 320,302 588,123 392,766 Operating costs and expenses (113) (63,752) (5,194) (4,245) (183,660) (93,369) (150,984) (434,779) (347,771) Financial results 9 (26,994) (6,017) (9,070) (47,331) (36,981) (59,132) (94,512) (35,207) Equity in income of subsidiaries (1,048) - - - - - - - - Income tax and social contribution - 12,330 5,908 9,070 (55,808) (26,303) (40,717) (19,955) (1,871) Net income (loss) (1,152) (25,042) (8,207) (18,705) 117,092 51,791 69,469 38,877 7,917 Other comprehensive income - - - - - - - - - Total comprehensive income (1,152) (25,042) (8,207) (18,705) 117,092 51,791 69,469 38,877 7,917 Investment interest - % 49.0 20.0 49.0 49.0 49.0 49.0 24.5 50.1 49.0 Investment book value 74,998 64,360 56,037 113,401 835,819 418,320 162,273 459,374 200,018 As of December 31, 2019, Copel's share of commitments assumed relating to its joint ventures is equivalent to R$ 5,936 (R$ 81,263 as of December 31, 2018) and of contingent liabilities is equivalent to R$ 89,688 (R$ 40,324 as of December 31, 2018). 16.4 Total balances of the groups of assets, liabilities, profit or loss and equity interest in contingent liabilities of the main associates Balance as of December 31, 2019 Dona Francisca Foz do Chopim 12.31.2019 12.31.2018 12.31.2017 12.31.2019 12.31.2018 12.31.2017 ASSETS 130,883 134,141 138,079 61,635 106,736 61,163 Current assets 13,406 12,493 10,304 31,054 73,786 21,553 Noncurrent assets 117,477 121,648 127,775 30,581 32,950 39,610 . - LIABILITIES 130,883 134,141 138,079 61,635 106,736 61,163 Current liabilities 4,344 4,231 4,144 2,354 57,603 1,808 Noncurrent liabilities 3,118 3,361 4,443 25,243 26,133 22,776 Equity 123,421 126,549 129,492 34,038 23,000 36,579 . STATEMENT OF INCOME Net operating income 70,717 70,716 70,716 56,929 46,479 40,441 Operating costs and expenses (25,957) (25,268) (30,379) (16,278) (2,020) (21,124) Financial income (expense) 475 366 835 621 (638) 809 Income tax and social contribution (2,454) (2,446) (2,632) (2,346) (6,880) (1,547) Net income 42,781 43,368 38,540 38,926 36,941 18,579 Other comprehensive income - - - - - - Total comprehensive income 42,781 43,368 38,540 38,926 36,941 18,579 Investment interest - % 23.0303 23.0303 23.0303 35.77 35.77 35.77 Investment book value 28,423 29,144 29,821 12,175 8,227 13,084 As of December 31, 2019, Copel's interest in the contingent liabilities of its associates is equivalent to R$ 78,793 (R$ 61,341 as of December 31, 2018). |
17 Property, Plant and Equipmen
17 Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2019 | |
Property, plant and equipment [abstract] | |
Property, Plant and Equipment | 17 Property, Plant and Equipment The Company records assets used in administrative and commercial facilities for generation of electric power and telecommunication services in property, plant and equipment account. Investments in electric power transmission and distribution and in piped gas distribution are recorded in financial assets and/or intangible assets accounts as per IAS 38, IFRS 15 and IFRIC 12. (Notes 4.4, 4.5 and 4.9). Upon initial adoption of IFRS, property, plant and equipment were measured at fair value with recognition of their deemed cost. Under the regulation relating to the concession of public electric energy services, the assets and facilities used mostly in the generation of power are attached to these services and cannot be withdrawn, sold, assigned, or mortgaged without the prior written consent of the regulatory agency. ANEEL Resolution No. 691/2015, however, regulates the release of assets from the concessions of the Public Electric Power Service, granting prior authorization to release the property and other fixed assets not usable by the concession when they are destined for sale, and also determining that the sales proceeds less respective charges be deposited in a restricted bank account to be invested in the concession. 17.1 Property, plant and equipment by asset class Accumulated Accumulated Cost depreciation 12.31.2019 Cost depreciation 12.31.2018 In service Reservoirs, dams and aqueducts 8,082,238 (4,405,546) 3,676,692 6,643,087 (4,216,613) 2,426,474 Machinery and equipment 8,875,458 (2,871,568) 6,003,890 5,648,292 (2,674,150) 2,974,142 Buildings 1,962,033 (1,054,009) 908,024 1,500,990 (1,021,783) 479,207 Land 490,071 (27,651) 462,420 375,286 (18,184) 357,102 Vehicles and aircraft 47,960 (44,876) 3,084 47,744 (41,978) 5,766 Furniture and tools 22,415 (14,466) 7,949 22,057 (12,642) 9,415 (-) Impairment (1,042,499) - (1,042,499) (3,489) - (3,489) (-) Special Obligations (78) 35 (43) (68) 27 (41) 18,437,598 (8,418,081) 10,019,517 14,233,899 (7,985,323) 6,248,576 In progress Cost 700,172 - 700,172 5,789,780 - 5,789,780 (-) Impairment (127,586) - (127,586) (1,197,693) - (1,197,693) 572,586 - 572,586 4,592,087 - 4,592,087 19,010,184 (8,418,081) 10,592,103 18,825,986 (7,985,323) 10,840,663 17.2 Changes in property, plant and equipment Balance as of January 1, 2019 Additions / Impairment Depreciation Loss on disposal Transfers Balance as of December 31, 2019 In service Reservoirs, dams and aqueducts 2,426,474 - (188,334) (42) 1,438,594 3,676,692 Machinery and equipment 2,974,142 - (409,571) (141,902) 3,581,221 6,003,890 Buildings 479,207 - (52,330) - 481,147 908,024 Land 357,102 - (9,466) (463) 115,247 462,420 Vehicles and aircraft 5,766 - (3,482) (128) 928 3,084 Furniture and tools 9,415 - (2,007) (9) 550 7,949 (-) Impairment (17.7 and 17.8) (3,489) 61,112 - - (1,100,122) (1,042,499) (-) Special Obligations (41) - 8 - (10) (43) 6,248,576 61,112 (665,182) (142,544) 4,517,555 10,019,517 In progress Cost 5,789,780 551,162 - (15,540) (5,625,230) 700,172 (-) Impairment (17.7 and 17.8) (1,197,693) (30,015) - - 1,100,122 (127,586) 4,592,087 521,147 - (15,540) (4,525,108) 572,586 10,840,663 582,259 (665,182) (158,084) (7,553) 10,592,103 Balance as of Additions/ impairment Loss on Balance as of January 1, 2018 Depreciation disposal Transfers December 31, 2018 In service Reservoirs, dams and aqueducts 2,566,727 - (144,991) (1) 4,739 2,426,474 Machinery and equipment 2,665,935 - (199,846) (61,959) 570,012 2,974,142 Buildings 510,923 - (35,932) (500) 4,716 479,207 Land 262,378 - (2,897) (83) 97,704 357,102 Vehicles and aircraft 10,342 - (4,484) (392) 300 5,766 Furniture and tools 5,514 - (1,171) (24) 5,096 9,415 (-) Impairment (4,986) 1,497 - - - (3,489) (-) Special Obligations (38) - 9 - (12) (41) 6,016,795 1,497 (389,312) (62,959) 682,555 6,248,576 In progress Cost 5,023,013 1,455,318 - (5,491) (683,060) 5,789,780 (-) Impairment (1,210,358) 12,665 - - - (1,197,693) 3,812,655 1,467,983 - (5,491) (683,060) 4,592,087 9,829,450 1,469,480 (389,312) (68,450) (505) 10,840,663 17.3 Costs of loans, financing and debentures capitalized The costs of loans and financing and debentures capitalized during 2019 of R$ 4,295, at an average rate of 0.11% p.a. (R$ 4,229, at an average rate of 0.11% p.a. in 2018). 17.4 HPP Colíder On March 9, 2019, May 7, 2019 and December 21, 2019, two generation units of the power plant started their commercial power generation operations, respectively, according to ANEEL Ordinances 673/2019, 1,273/2019 and 3,648/2019 both with installed power capacity of 100 MW. As a result of unforeseeable circumstances and force majeure, the power plant had its commercial start-up delayed, which was initially scheduled for January 2015. Copel GeT submitted an application to ANEEL to exclude its responsibility, so that the obligation to supply energy could be postponed, which was not accepted by the Agency. Copel GeT filed a common lawsuit with the Court on December 18, 2017 applying for a preliminary injunction and requesting the reversal of the decision of the Agency. On April 6, 2018, the Federal Court of the 1st Region fully granted the preliminary injunction required by Copel Get in the Interlocutory Appeal to exempt it from any burden, charges or restrictions to the right arising from the delay in the implementation schedule of the Colíder HPP. The contracted energy of the plant is 125 MW mean, and in the period from January 1, 2019 to December 31, 2019, the physical guarantee calculated represents 109.22 MW mean, due to the partial start of commercial operation, which took place in March 2019. For prior periods, the contract was fulfilled as follows: From January 2015 to May 2016, with suspension of energy delivery by operation because of the injunction obtained by Management; In June 2016, with partial reduction through a bilateral agreement; From July 2016 to December 2018, with reduction of all supply contracts of the CCEARs - Energy Trading Agreement in the Regulated Environment, through a bilateral agreement and participation in the New Energy and Decrease Clearing Facility ("Mecanismo de Compensação de Sobras e Déficits de Energia Nova - MCSD-EN"); and From January to March 2019, the firmed contracts in the regulated environment became effective again, however, energy supply continued suspended, in light of the injunction obtained by Management. Since the trial on merits of the case is still outstanding, the contractual effects of both revenues and energy costs were recognized during the period until December 31, 2019, in profit or loss for the period for purposes of backing the outcome. 17.5 Joint operations - consortiums The amounts recorded under property, plant and equipment referring to the share of interest of Copel GeT in consortiums are shown below: Joint operations Share Copel GeT (%) Annual average depreciation 12.31.2019 12.31.2018 HPP Gov. Jayme Canet Júnior (Mauá) - Consórcio Energético Cruzeiro do Sul 51.0 In service 859,917 859,917 (-) Accumulated depreciation 3.43 (206,000) (176,546) In progress 16,789 22,738 670,706 706,109 HPP Baixo Iguaçu (17.5.1) 30.0 In service 692,593 - (-) Accumulated depreciation 3.27 (19,038) - In progress 49,240 717,599 722,795 717,599 1,393,501 1,423,708 17.5.1 Consórcio Empreendedor Baixo Iguaçu - Cebi Copel holds a 30% interest in Consórcio Empreendedor Baixo Iguaçu - Cebi. The purpose of the consortium is to build and operate the project known as Baixo Iguaçu Hydroelectric Plant, with installed capacity of 350.2 MW and physical guarantee of 171.3 MW mean, located on the Iguaçu River between the municipalities of Capanema and Capitão Leônidas Marques, and between the Governador José Richa Hydroelectric Plant and the Iguaçu National Park, in the State of Paraná. The plant is now 100% in commercial operation, the start of commercial operation of units 1 and 2 occurred in February 2019, and unit 3 occurred in April 2019. 17.6 Cutia wind farm project Cutia wind farm project, located in the State of Rio Grande do Norte, is divided into two large complexes: Cutia Complex: composed of seven wind farms (Guajiru, Jangada, Potiguar, Cutia, Maria Helena, Esperança do Nordeste and Paraíso do Ventos do Nordeste), with 180.6 MW of total installed capacity, and 71.4 MW-mean of assured power. The complex has 86 wind turbines, all in commercial operation. Bento Miguel Complex: composed of six wind parks (São Bento do Norte I, São Bento do Norte II, São Bento do Norte III, São Miguel I, São Miguel II and São Miguel III) with total installed capacity of 132.3 MW and 54.8 MW-mean of assured power. The complex has 63 wind turbines, all in commercial operation. 17.7 Impairment of generation segment assets Cash-generating units of the generation segment were tested for impairment based on previous evidence of impairment, assumptions representing the best estimates of the Company's management, the methodology provided for in Technical Pronouncement IAS 36 and measurement of value in use. The calculation of the value in use was based on discounted operating cash flows over the time of concessions, maintaining the Company’s current commercial conditions. The rate used to discount the cash flows was set considering the WACC (Weighted Average Cost of Capital) methodology and CAPM (Capital Asset Pricing Model) methodology for the generation business, considering usual market parameters. Internal references such as the budget approved by the Company, historical or past data, updating of the timeframe of work and amount of investments for projects in course support the design of key assumptions by Company Management. In the same framework, external references such as level of consumption of electric power, expansion of the economic activity in Brazil and the availability of water resources support the key information about estimated cash flows. A number of assumptions used by Company Management when determining future cash flows can be affected by uncertain events, which, in turn, may give rise to variation in results. Changes in the political and economic model, for example, may lead to upward trend when projecting country risk-rating, increasing the discount rates used in tests. The tests considered the following key assumptions: Growth compatible with historical data and perspective for the Brazilian economy growth; Specific after-tax discount rates for the segment tested, obtained through the methodology usually applied by the market, taking into consideration the weighted average cost of capital; Projected revenue in accordance with the agreements in force, without any expectation for renewal of concession/authorization; and Expenses broken into cash generating units, projected in view of the budget approved by the Company. The Company considered all its generation projects as independent cash generating units. The projects with impairment balances recorded at December 31, 2019 are the following: Property, Plant and Equipment Value in use Cost Depreciation Impairment HPP Colíder 2,473,886 (75,917) (777,294) 1,620,675 Wind power complex Cutia 1,253,371 (59,214) (54,104) 1,140,053 Consórcio Tapajós (a) 14,464 - (14,464) - Power plants in Paraná 970,923 (53,762) (237,576) 679,585 4,712,644 (188,893) (1,083,438) 3,440,313 (a) Project under development The Company reviewed the recoverable amount of property, plant and equipment and, as a result of these analyses, the impairment changed as follows: Balance as of Impairment Balance as of Impairment Transfer Impairment January 1, 2018 December 31, 2018 December 31, 2019 In service UHE Colíder (17.7.1) - - - (45,547) (731,747) (777,294) Wind power complex Cutia (17.7.2) - - - 114,144 (168,248) (54,104) Wind power complex Bento Miguel (17.7.2) - - - 87,370 (87,370) - Power plants in Paraná (17.7.3) (4,986) 1,497 (3,489) (13,534) (112,756) (129,779) (4,986) 1,497 (3,489) 142,433 (1,100,121) (961,177) In progress HPP Colíder (17.7.1) (683,021) (48,244) (731,265) (482) 731,747 - Wind power complex Cutia (17.7.2) (224,510) 56,635 (167,875) (373) 168,248 - Wind power complex Bento Miguel (17.7.2) (98,231) 13,610 (84,621) (2,749) 87,370 - Consórcio Tapajós (14,464) - (14,464) - - (14,464) Power plants in Paraná (17.7.3) (190,132) (9,336) (199,468) (21,085) 112,756 (107,797) (1,210,358) 12,665 (1,197,693) (24,689) 1,100,121 (122,261) (1,215,344) 14,162 (1,201,182) 117,744 - (1,083,438) 17.7.1 UHE Colíder In December 2019, the calculation of value in use took into account the Company's assumptions and budgets and the discount rate after taxes in constant currency of 5.45% p.a. (in 2018, 5.36% p.a.), which derives from the WACC methodology for the electricity generation segment. Due to the postponement of the start of operation of the first turbine to March 2019 (in 2018 it considered February 2019), and changes in the plant's operating costs and CAPEX, an additional provision for losses was recognized. 17.7.2 Cutia Complex and Bento Miguel Complex In December 2019, the calculation of value in use took into account the Company's assumptions and budgets and the discount rate after taxes in constant currency of 7.24% p.a. (in 2018, 7.13% p.a.) which derives from the WACC methodology for the electric power generation segment, adjusted for the specific taxation condition of each project. The reversal observed in both wind farms is justified especially by the review of business plans, which generated a reduction in operating costs. 17.7.3 Plants in the Paraná state In December 2019, the calculation of value in use of generation assets in the State of Paraná considered: (i) the Company's assumptions and budgets; and (ii) discount rate after taxes in constant currency of 5.45% p.a. (in 2018, 5.36% p.a.), which derives from the WACC methodology for the electricity generation segment. An additional provision for losses was recognized due to: (i) postponement of the start-up of the Figueira plant to November 2020 (in 2018 it considered March 2019); (ii) changes in the plants' operating costs and CAPEX. 17.7.4 Cash-generating units that have suffered no impairment Plants that have suffered no impairment have recoverable amount higher than the carrying amount of property, plant and equipment. The following table shows the percentage by which the recoverable amount (“RA”) exceeds the carrying amount (“CA”) of fixed assets. In addition, the Company carried out a sensitivity analysis, increasing the discount rate shown below by 5% and 10% to assess the risk of impairment of each plant. Cash generating unit Discount rate RA/CA-1 RA/CA-1 (5% Variation) RA/CA-1 (10% Variation) Impairment Risk Wind power Assets Complex EOL São Bento (a) 7.24% 9.09% 6.77% 4.52% - Complex EOL Brisa I (b) 7.24% 35.66% 31.89% 28.30% - Complex EOL Brisa II (c) 7.24% 36.07% 31.69% 27.54% - Thermal Assets UEG Araucária 7.76% 0.00% -2.04% -4.01% 11,412 Hydric Assets Foz do Areia 5.45% 217.22% 215.52% 213.85% - Segredo 5.45% 205.09% 200.80% 196.60% - Caxias 5.45% 153.49% 149.69% 145.98% - Guaricana 5.45% 31.09% 29.82% 28.56% - Chaminé 5.45% 80.03% 78.31% 76.62% - Apucaraninha 5.45% 38.17% 36.77% 35.39% Chopim I 5.45% 151.57% 146.48% 141.55% - São Jorge 5.45% 0.40% -0.46% -1.31% 44 Mauá 5.45% 83.84% 79.69% 75.68% - Cavernoso II 5.45% 17.10% 14.23% 11.47% - Bela Vista 5.45% 66.92% 54.22% 42.31% - Elejor 7.00% 48.34% 44.52% 40.85% - (a) Contemplates the GE Boa Vista, GE Farol, GE Olho D’Água and GE São Bento do Norte wind farms. (b) Contemplates the Nova Asa Branca I, Nova Asa Branca II, Nova Asa Branca III and Nova Eurus IV wind farms. (c) Contemplates the Santa Maria, Santa Helena and Ventos de Santo Uriel wind farms. 17.8 Property, Plant and Equipment of Copel Telecomunicações The Company's Management continuously monitors the business environment of the telecommunications segment, paying particular attention to factors such as the increased competitiveness of the sector, the high degree of investment required to maintain its customer base and the expected return from this segment. Considering that some of these factors directly influence the expectations of cash generation and expected return, in addition to Management's decision to evaluate the disposal of the telecommunications segment, including the recent hiring of advisors for this purpose, the Company reassessed the recovery indicators and, consequently, its estimates of the segment's property, plant and equipment ability to continue to generate future economic benefits. Given this new business environment, Management concluded that it is necessary to record estimated losses and to recognize losses due to the decommissioning of equipment and services, specifically for some asset groups, considering new information and also the Company's experience in managing this segment. On December, 31, 2019, estimated impairment losses of R$ 87,399 were recorded (Note 32.4) together with R$ 124,067 related to write-offs and remeasurement of values due to the decommissioning of assets (Note 32.6). The calculation of value in use considered the Company's premises and budgets and discount rate after taxes in constant currency of 6.57% p.a. 17.9 New plants under construction 17.9.1 SHPP Bela Vista With estimated investment of R$ 200,000, this small hydroelectric power plant (SHPP), with installed capacity of 29.4 MW and physical guarantee of 18.4 MW mean, will be built on the Chopim River, in the municipalities of São João and Verê, located in the southwest region of the state of Paraná. The participation in the A-6 auction held on August 31, 2018 led to sale of 14.7 MW mean in regulated contracts at the original price of R$ 195.70/MWh. The energy sale contracts provide for beginning of energy supply on January 1, 2024, with a 30-year term and annual adjustment by reference to IPCA variation. The works started in August 2019, and the three-generating units are expected to start operating in February, March and April 2021, respectively. 17.9.2 Jandaíra Wind Complex With estimated investment of R$ 400,000, this wind farm, with installed capacity of 90.1 MW and physical guarantee of 47.6 MW mean, will be built in the municipalities of Pedra Preta and Jandaíra, in the state of Rio Grande do Norte. The participation in the new power generation auction A-6, held on October 18, 2019, led to sale of 14.4 MW mean in regulated contracts at the original price of R$ 98.00/MWh. The energy sale contracts provided for beginning of energy supply on January 1, 2025, with a 20-year term and annual adjustment by reference to IPCA variation. The works are expected to start in May 2020, and the wind farm is expected to start operating between May 2022 and July 2022, on a phased basis, by wind turbine. 17.10 Depreciation rates Depreciation rates (%) 12.31.2019 12.31.2018 Average generation segment rates (Note 17.10.1) General equipment 6.33 6.25 Machinery and equipment 3.67 3.56 Generations 3.38 3.34 Reservoirs, dams and ducts 2.50 2.21 Hydraulic turbines 2.89 2.60 Gas and steam turbines 2.00 2.00 Water cooling and treatment 4.00 4.00 Gas conditioner 4.00 4.00 Wind power plant unit 5.49 3.71 Average rates for central government assets Buildings 3.35 3.35 Machinery and office equipment 6.25 6.25 Furniture and fixtures 6.25 6.25 Vehicles 14.29 14.29 Telecommunications segment rates (Note 17.10.2) Infrastructure backbone 3% to 5% 3% to 5% Infrastructure last mile 17% to 25% 3% to 17% Other infrastructure equipment 7% to 20% 7% to 20% 17.10.1 Assets with depreciation rates limited to the concession term The assets of the original project of the Mauá, Colíder, Baixo Iguaçu, Cavernoso II and SHPP Bela Vista plants, of Copel GeT, and of the Santa Clara and Fundão plants, of Elejor, are considered by the Granting Authority, without full guarantee of indemnification for their residual value at the end of the concession term. This interpretation is based on the Concessions Law No. 8,987/1995 and Decree No. 2,003/1996, which regulate the generation of electricity by independent generators. Accordingly, from the entry into operation of these assets, depreciation is recognized at the rates determined by ANEEL, over the concession period. As provided for in the concession contracts, subsequent investments not foreseen in the original project, as long as approved by the Granting Authority and not yet amortized, will be indemnified at the end of the concession period and depreciated at the rates established by ANEEL, as from the date of their entry in operation. 17.10.2 Telecommunications segment assets In 2019, the Company's Management deemed it necessary to reassess the estimated useful life of assets directly related to customer service (last mile). Considering the new business environment and the movement of the customer portfolio, Management decided to revise the depreciation rates, observing in a more predominant way the commercial obsolescence, resulting from changes in the market in which the telecommunications business is inserted. In this context, the main changes impacted the machinery and equipment asset classes. The changes were treated prospectively as of October 2019 and added the depreciation share, with an impact of approximately R$ 15,688 in 2019 income statement. |
18 Intangible Assets
18 Intangible Assets | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about intangible assets [abstract] | |
Intangible Assets | 18 Intangible assets 12.31.2019 12.31.2018 Concession agreement - distribution of electricity (18.1) 5,703,686 5,390,063 Generation concession agreements/ authorization (18.2) 582,671 593,852 Concession agreement - piped gas distribution (18.3) - 3,619 Others (18.4) 46,254 41,563 6,332,611 6,029,097 18.1 Power distribution service concession Intangible asset Special liabilities Total in service in progress in service in progress Balance as of January 1, 2018 7,907,965 714,446 (2,845,438) (26,100) 5,750,873 Transfers to accounts receivable related to concession (Note 11.1) - (714,446) - 26,100 (688,346) Capitalizations for intangible in service (Note 11.1) 775,701 - (107,679) - 668,022 Amortization of quotas - concession (a) (431,963) - 130,388 - (301,575) Amortization of quotas - PIS/Pasep and Cofins credits (10,813) - - - (10,813) Loss on disposal (28,098) - - - (28,098) Balance as of December 31, 2018 8,212,792 - (2,822,729) - 5,390,063 Incorporations (Note 10.1) 2,625 - (2,550) - 75 Transfers from contract assets (Note 11.1) 771,844 - (93,164) - 678,680 Transfers to investments (7) - - - (7) Transfers to other receivables (1,520) - - - (1,520) Amortization of quotas - concession (a) (461,370) - 134,864 - (326,506) Amortization of quotas - PIS/Pasep and Cofins credits (10,740) - - - (10,740) Loss on disposal (26,359) - - - (26,359) Balance as of December 31, 2019 8,487,265 - (2,783,579) - 5,703,686 (a) Amortization during the concession as of the start of commercial operations of the enterprises or based on the useful life of the assets, of the two the shortest. In accordance with IFRIC 12 - Service Concession Arrangements, the portion of infrastructure that will be used during concession was recorded in intangible assets, net of special obligations. The Special Obligations represent the resources related to the financial participation of consumers, the Federal, State and Municipal Governments, destined to investments in projects related to the concession, and are not onerous liabilities or shareholder credits. 18.2 Generation concession agreements Concession contract (a) Concession and in service in progress authorization rights Total Balance as of January 1, 2018 236,443 6,977 375,801 619,221 ANEEL grant - use of public property - 302 - 302 Business combination - - 4,845 4,845 Amortization of quotas - concession and authorization (b) (17,311) - (13,205) (30,516) Capitalizations for intangible in service 7,279 (7,279) - Balance as of December 31, 2018 226,411 - 367,441 593,852 Business combination effects (Note 1.2) - - 20,113 20,113 Amortization of quotas - concession and authorization (b) (16,944) - (14,350) (31,294) Balance as of December 31, 2019 209,467 - 373,204 582,671 (a) Includes the balances of use of public asset and hydrological risk renegotiation (b) Amortization during the concession/authorization as of the start of commercial operations of the enterprises. 18.3 Piped gas distribution service concession in service in progress Total Balance as of January 1, 2018 24,417 19,471 43,888 Transfers to accounts receivable related to concession (Note 11.2) - (19,471) (19,471) Capitalizations for intangible in service (Note 11.2) 2,042 - 2,042 Amortization of quotas - concession (22,759) - (22,759) Loss on disposal (81) - (81) Balance as of December 31, 2018 3,619 - 3,619 Transfers from accounts receivable - concessions (Note 10.2) 24,835 - 24,835 Amortization of quotas - concession (28,454) - (28,454) Balance as of December 31, 2019 - - - 18.4 Other intangible assets in service in progress Total Balance as of January 1, 2018 22,693 16,149 38,842 Effect of acquisition of control of Costa Oeste and Marumbi - 37 37 Acquisitions - 7,589 7,589 Transfers from property, plant and equipment 112 1,979 2,091 Capitalizations for intangible in service 9,448 (9,448) - Amortization of quotas (a) (6,410) - (6,410) Amortization of quotas - PIS/Pasep and Cofins credits (23) - (23) Loss on disposal (190) (373) (563) Balance as of December 31, 2018 25,630 15,933 41,563 Acquisitions - 5,032 5,032 Transfers from property, plant and equipment (1,471) 10,217 8,746 Capitalizations for intangible in service 16,118 (16,118) - Amortization of quotas (a) (8,646) - (8,646) Amortization of quotas - PIS/Pasep and Cofins credits (11) - (11) Loss on disposal - (430) (430) Balance as of December 31, 2019 31,620 14,634 46,254 (a) Annual amortization rate: 20%. |
19 Payroll, Social Charges and
19 Payroll, Social Charges and Accruals | 12 Months Ended |
Dec. 31, 2019 | |
Payroll Social Charges And Accruals [Abstract] | |
Payroll, Social Charges and Accruals | 19 Payroll, Social Charges and Accruals 12.31.2019 12.31.2018 Social security liabilities Taxes and social contribution 47,022 54,653 Social security charges on paid vacation and 13th salary 29,182 30,010 76,204 84,663 Labor liabilities Payroll, net 3,330 1,308 Vacation and 13th salary 98,648 101,327 Provisons for profit sharing 156,040 91,526 Voluntary retirement program 2,820 5,349 Other liabilities 2 6 260,840 199,516 337,044 284,179 |
20 Accounts payable to supplier
20 Accounts payable to suppliers | 12 Months Ended |
Dec. 31, 2019 | |
Accounts Payable To Suppliers [Abstract] | |
Accounts payable to suppliers | 20 Accounts Payable to Suppliers 12.31.2019 12.31.2018 Energy supplies 1,085,777 819,792 Materials and supplies 520,647 384,300 Natural gas for resale 79,174 95,478 Charges for use of grid system 187,595 169,629 1,873,193 1,469,199 Current 1,685,280 1,419,243 Noncurrent 187,913 49,956 |
21 Loans and Financing
21 Loans and Financing | 12 Months Ended |
Dec. 31, 2019 | |
Loans And Financing [Abstract] | |
Loans and Financing | 21 Loans and Financing Contractual Effective 12.31.2019 12.31.2018 Issue Number of Final Payment financial interest Contract Contracts Company Allocation Guarantees Date installment maturity of charges charges p.y. rate p.y. amount FOREIGN CURRENCY National Treasury Department (STN - Secretaria do Tesouro Nacional) Par Bond Copel Debt negotiation Guarantees deposited (21.1). 05.20.1998 1 04.11.2024 Half-yearly 6.0% + 0.20% 6.0% + 0.20% 17,315 64,325 61,837 Discount Bond 05.20.1998 1 04.11.2024 Half-yearly 3.5% + 0.20% 3.5% + 0.20% 12,082 44,658 42,914 Total foreign currency 108,983 104,751 LOCAL CURRENCY Banco do Brasil CCB 330.600.773 Copel DIS Working capital. Credit assignment. 07.11.2014 3 07.11.2019 Half-yearly 111.8% of DI 111.8% of DI 116,667 - 40,173 CFX 17/35959-7 Copel DIS 05.16.2017 2 05.06.2019 Quarterly 12.0% 12.0% 75,000 - 38,262 CCB 21/00851-5 Copel DIS 06.30.2017 2 06.13.2019 Quarterly 11.0% 11.0% 38,889 - 19,644 CCB 17/35960-0 Copel DIS 07.27.2017 2 07.17.2019 Quarterly 11.0% 11.0% 50,333 - 51,681 CFX 17/35958-9 Copel DIS 08.15.2017 2 08.05.2019 Quarterly 11.0% 11.0% 58,333 - 59,366 NCI 330.600.132 Copel HOL 02.28.2007 3 02.28.2019 Half-yearly 107.8% of DI 107.8% of DI 231,000 - 78,735 CCB 306.401.381 Copel HOL 12.19.2019 5 03.25.2022 Quarterly 120.00% of DI 126.99% of DI 640,005 640,530 648,953 NCI 306.401.445 Copel HOL 02.24.2017 2 02.15.2020 Half-yearly 124.5% of DI 136.15% of DI 77,000 39,446 79,225 679,976 1,016,039 Eletrobras 981/95 Copel DIS National Program for Watering - Proni. Own revenue; issue of promissory notes and commercial duplicates. 12.22.1994 80 08.15.2019 Quarterly 8.0% 8.0% 1,169 - 49 982/95 12.22.1994 80 11.15.2019 Quarterly 8.0% 8.0% 1,283 - 24 983/95 12.22.1994 80 11.15.2020 Quarterly 8.0% 8.0% 11 26 51 984/95 12.22.1994 80 11.15.2020 Quarterly 8.0% 8.0% 14 11 22 985/95 12.22.1994 80 08.15.2021 Quarterly 8.0% 8.0% 61 11 17 206/07 Rural Electricity Program - Luz para Todos. 03.03.2008 120 08.30.2020 Monthly 5.0%+ 1.0% 5.05% 109,642 5,953 14,882 273/09 02.18.2010 120 12.30.2022 Monthly 5.0%+ 1.0% 5.0%+ 1.0% 63,944 4,933 6,577 10,934 21,622 Caixa Econômica Federal Copel DIS Rural Electricity Program - Luz para Todos. Own revenue; issue of promissory notes and commercial duplicates. 415.855-22/14 03.31.2015 120 12.08.2026 Monthly 6.0% 6.0% 16,984 13,410 15,298 3153-352 Acquisition of machinery, equipment and IT and automation equipment. Assignment of trade notes receivable. 11.01.2016 36 12.15.2021 Monthly 5.5 % above TJLP 5.5 % above TJLP 1,156 331 496 13,741 15,794 Finep 21120105-00 Copel Tel BEL project - ultra wide band intranet service (Ultra Wide Band - UWB). Lock of proceeds received in current account. 07.17.2012 81 10.15.2020 Monthly 4.0% 4.39% 35,095 2,626 5,778 21120105-00 07.17.2012 81 10.15.2020 Monthly 3.5% + TR 3.88% + TR 17,103 2,219 4,881 4,845 10,659 Payment of the first installment of debentures and cash enhancement of Copel Get. Promissory notes Copel GeT Surety of Copel. 05.12.2017 1 05.12.2019 Single installment 117% of DI 117% of DI 500,000 - 572,419 - 572,419 Banco do Brasil - BNDES Transfer 21/02000-0 Copel GeT Implementation of Mauá HPP. Revenue from energy sales from the plant. 04.16.2009 179 01.15.2028 Monthly 2.13% above TJLP 2.13% above TJLP 169,500 95,807 107,324 95,807 107,324 Contractual Effective 12.31.2019 12.31.2018 Issue Number of Final Payment financial interest Contract Contracts Company Allocation Guarantees Date installment maturity of charges charges p.y. rate p.y. amount BNDES 820989.1 Copel GeT Implementation of Mauá HPP. Revenue from energy sales from the plant. 03.17.2009 179 01.15.2028 Monthly 1.63% above TJLP 1.63% above TJLP 169,500 95,807 107,326 1120952.1 Implementation of transmission line between Foz do Iguaçu and Cascavel Oeste substations. Assignment of receivables; revenue from energy transmission services. 12.16.2011 168 04.15.2026 Monthly 1.82% and 1.42% above TJLP 1.82% and 1.42% above TJLP 44,723 21,090 24,344 1220768.1 Implementation of Cavernoso II SHP. Revenue from energy sales from the plant. 09.28.2012 192 07.15.2029 Monthly 1.36% above TJLP 1.36% above TJLP 73,122 46,240 50,908 13211061 Implementation of Colíder HPP. Assignment of receivables 12.04.2013 192 10.15.2031 Monthly 0% and 1.49% above TJLP 6.43% and 7.68% 1,041,155 817,329 844,940 13210331 Implementation of Cerquilho III substation. 12.03.2013 168 08.15.2028 Monthly 1.49% and 1.89% above TJLP 1.49% and 1.89% above TJLP 17,644 11,385 12,659 15206041 Implementation of transmission line Assis - Paraguaçu Paulista II. 12.28.2015 168 06.15.2030 Monthly 2.42% above TJLP 9.04% 34,265 22,419 24,477 15205921 Implementation of transmission lines Londrina - Figueira and Salto Osório - Foz do Chopim. 12.28.2015 168 12.15.2029 Monthly 2.32% above TJLP 8.93% 21,584 13,526 14,832 18205101 Implementation of Baixo Iguaçu HPP. 11.22.2018 192 06.15.2035 Monthly 1.94% above TJLP 8.50% 194,000 196,827 162,229 14205611-A Copel DIS Preservation of business, improvements, operating support and general investments in the expansion and consolidation of projects and social investment programs of companies (ISE). Surety of Copel; assignment of revenues and indemnity rights under the concession. 12.15.2014 72 01.15.2021 Monthly 2.09% above TJLP 8.37% 41,583 7,611 14,591 14205611-B 12.15.2014 6 02.15.2021 Annual 2.09 above TR BNDES 2.09 above TR BNDES 17,821 8,288 11,992 14205611-C 12.15.2014 113 06.15.2024 Monthly 6.0% 6.0% 78,921 35,267 43,097 14205611-D 12.15.2014 57 02.15.2021 Monthly TJLP TJLP 750 11 20 14.2.1271.1 Santa Maria Construction and implementation of wind generating plants. Surety of Copel; pledge of shares; assignment of receivables and revenues. 06.01.2015 192 08.15.2031 Monthly 1.66% above TJLP 8.26% 71,676 45,582 49,336 14.2.1272.1 Santa Helena 06.01.2015 192 08.15.2031 Monthly 1.66% above TJLP 8.26% 82,973 49,458 53,531 11211521 GE Farol Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment. 03.19.2012 192 06.15.2030 Monthly 2.34% above TJLP 2.34% above TJLP 54,100 41,388 45,158 11211531 GE Boa Vista 03.19.2012 192 06.15.2030 Monthly 2.34% above TJLP 2.34% above TJLP 40,050 30,598 33,385 11211541 GE S.B. do Norte 03.19.2012 192 06.15.2030 Monthly 2.34% above TJLP 2.34% above TJLP 90,900 69,394 75,715 11211551 GE Olho D'Água 03.19.2012 192 06.15.2030 Monthly 2.34% above TJLP 2.34% above TJLP 97,000 74,112 80,862 18204611 Cutia Pledge of shares; assignment of receivables. 10.25.2018 192 07.15.2035 Monthly 2.04% above TJLP 8.37% 619,405 611,457 517,083 13212221 - A Costa Oeste Implementation of transmission line between Cascavel Oeste and Umuarama Sul substations and implementation of Umuarama Sul substation. Assignment of receivables; 100% of pledged shares. 12.03.2013 168 11.30.2028 Monthly 1.95% + TJLP 1.95% + TJLP 27,634 19,203 21,291 13212221 - B 12.03.2013 106 09.30.2023 Monthly 3.5% 3.5% 9,086 2,992 3,789 14205851 - A Marumbi Implementation of transmission line between Curitiba and Curitiba Leste and implementation of Curitiba Leste substation. 07.08.2014 168 06.30.2029 Monthly 2.00% + TJLP 2.00% + TJLP 33,460 24,627 27,134 14205851 - B 07.08.2014 106 04.30.2024 Monthly 6.0% 6.0% 21,577 9,813 12,076 2,254,424 2,230,775 Total local currency 3,059,727 3,974,632 Gross debt 3,168,710 4,079,383 (-) Transaction cost (26,327) (32,076) Net debt 3,142,383 4,047,307 Current 255,521 1,113,047 Noncurrent 2,886,862 2,934,260 DI - Interbank Deposit Rate IPCA - Inflation Index (Índice Nacional de Preços ao Consumidor Amplo, in Portuguese) TJLP - Long-term interest rate TR - Referential Rate 21.1 Collateral and Escrow deposits– STN Constitution of guarantees, in the form of a cash guarantee, Par Bond, in the amount of R$ 57,968 (R$ 52,717 at December 31, 2018), and Discount Bond, in the amount of R$ 40,465 (R$ 36,838 at December 31, 2018) intended to the repayment of the amount of principal related to the STN contracts, upon maturity on April 11, 2024. The amounts are adjusted by applying the weighted average of the percentage changes of the Zero Coupon Bond prices of the United States of America Treasury, by the percentage share of each series of the instrument in the portfolio of collateral for repayment of principal, constituted pursuant to the Brazilian Financing Plan of 1992. 21.2 Breakdown of loans and financing by currency and index 12.31.2019 % 12.31.2018 % Foreign currency - change in currencies in the period (%) U.S. Dollar 4.02 108,983 3.47 104,751 2.59 108,983 3.47 104,751 2.59 Local currency - indexes at period end (%) TJLP 5.57 2,271,187 72.30 2,245,786 55.49 CDI 4.40 676,720 21.54 1,410,479 34.85 TR - 2,202 0.07 4,842 0.12 IPCA 4.31 8,288 0.26 11,992 0.30 Without indexer (annual fixed rate) - 75,003 2.36 269,457 6.65 3,033,400 96.53 3,942,556 97.41 3,142,383 100.00 4,047,307 100.00 21.3 Maturity of noncurrent installments 12.31.2019 Gross debt (-) Transaction cost Net debt 2021 706,500 (2,781) 703,719 2022 319,580 (2,061) 317,519 2023 191,584 (1,618) 189,966 2024 295,366 (1,625) 293,741 2025 185,009 (1,622) 183,387 After 2025 1,211,911 (13,381) 1,198,530 2,909,950 (23,088) 2,886,862 21.4 Changes in loans and financing Foreign currency Local currency Total Balance as of January 1, 2018 89,270 3,670,235 3,759,505 Effect of acquisition of control of Costa Oeste and Marumbi - 66,775 66,775 Funding - 1,314,766 1,314,766 Charges 5,038 289,365 294,403 Monetary and exchange variations 15,161 11,936 27,097 Amortization - principal - (1,126,144) (1,126,144) Payment - charges (4,718) (284,377) (289,095) Balance as of December 31, 2018 104,751 3,942,556 4,047,307 Funding - 796,296 796,296 Charges 5,599 268,950 274,549 Monetary and exchange variations 4,170 6,907 11,077 Amortization - principal - (1,660,869) (1,660,869) Payment - charges (5,537) (320,440) (325,977) Balance as of December 31, 2019 108,983 3,033,400 3,142,383 21.5 Covenants The Company signed loans and financing agreements containing covenants that require economic and financial ratios to be maintained within pre-determined parameters, requiring annual fulfillment and other conditions to be complied with, such as not changing the Company's interest in the capital stock of subsidiaries that would represent change of control without prior consent. Failing to fulfill these conditions may lead to accelerated debt repayment and/or fines. As of December 31, 2019, the Company is in compliance with all covenants. The financial covenants contained in the agreements are presented below: Company Contract Annual financial index Limit Copel GeT BNDES Finem No. 820989.1 - Mauá EBITDA / Net financial results ≥ 1.3 Banco do Brasil No. 21/02000-0 - Mauá Copel DIS BNDES Finem No. 14205611 Financial indebtedness / adjusted EBITIDA ≤ 4.0 Santa Maria BNDES Finem No. 14212711 Debt service coverage ratio ≥ 1.3 Santa Helena BNDES Finem No. 14212721 São Bento Energia, Investimento e Participações BNDES Assignment Agreement Debt service coverage ratio ≥ 1.3 GE Boa Vista S.A. BNDES Finem No. 11211531 GE Farol S.A. BNDES Finem No. 11211521 GE Olho D´Água S.A. BNDES Finem No. 11211551 GE São Bento do Norte S.A. BNDES Finem No. 11211541 Cutia BNDES Finem No. 18204611 Debt service coverage ratio (a) ≥ 1.2 Costa Oeste BNDES Finem No. 13212221 Debt service coverage ratio ≥ 1.3 Marumbi BNDES Finem No. 14205851 Debt service coverage ratio ≥ 1.3 Financing for businesses - Finem (a) financial ratio calculated based on the amounts of the consolidated financial statements of Cutia Empreendimentos Eólicos S.A. |
22 Debentures
22 Debentures | 12 Months Ended |
Dec. 31, 2019 | |
Debentures [Abstract] | |
Debentures | 22 Debentures Issue Number of Final Payment Contractual financial Effective interest Contract Company Issue Characteristics Allocation Guarantees Date installment maturity of charges charges p.y. rate p.y. amount 12.31.2019 12.31.2018 Copel 5th (a) Working capital or used to make investments in the issuer. Personal guarantee 05.13.2014 3 05.13.2019 Half-yearly 111.5% of DI 111.5% of DI 1,000,000 - 336,341 6th 06.28.2017 1 06.28.2019 Single installment 117.0% of DI 117.0% of DI 520,000 - 586,230 7th 01.19.2018 2 01.19.2021 Half-yearly 119.0% of DI 125.18% of DI 600,000 617,378 619,998 8th Payment of the 6th issue of debentures and working capital increase 06.14.2019 1 06.14.2022 Half-yearly 106.0% of DI 110.93% of DI 500,000 500,906 - Copel GeT 1st (a) Working capital or used to make investments in the issuer. Personal guarantee 05.15.2015 3 05.15.2020 Annual 113.0% of DI 114.29% of DI 1,000,000 346,906 696,593 2nd 07.13.2016 2 07.13.2019 Annual 121.0% of DI 121.0% of DI 1,000,000 - 517,565 3rd 10.20.2017 3 10.20.2022 Half-yearly 126.0% of DI 131.21% of DI 1,000,000 1,011,691 1,014,685 4th Full early redemption of the 4th issue of the Company’s trade promissory notes and partial payment of the 1st amortization installment of the 2nd issue of debentures. 07.23.2018 3 07.23.2023 Half-yearly 126.0% of DI 133.77% of DI 1,000,000 1,030,054 1,032,762 5th (b) Reimbursement of expenses related to the construction of the Transmission Lines Araraquara II - Taubaté, Assis - Londrina and Foz do Chopim. 09.25.2018 5 09.15.2025 Half-yearly IPCA + 7.6475% IPCA+ 8.3295% 290,000 308,464 295,448 6th (1st serie) (c) Full early redemption of the 5th issue of the Company’s trade promissory notes and partial payment of the 2nd amortization installment of the 2nd issue of debentures. 07.15.2019 2 07.15.2024 Half-yearly 109.0% of DI 111.25% of DI 800,000 818,406 - 6th (2nd serie) Reimbursement of expenses related to the Colíder HPP and Baixo Iguaçu HPP projects 07.15.2019 1 07.15.2025 Half-yearly IPCA + 3.90% IPCA+ 4.46% 200,000 205,677 - Copel DIS 2nd (a) Working capital or used to make investments in the issuer. Personal guarantee 10.27.2016 2 10.27.2019 Annual 124.0% of DI 130.37% of DI 500,000 - 253,226 3rd 10.20.2017 2 10.20.2022 Half-yearly 126.0% of DI 130.85% of DI 500,000 505,846 507,342 4th Working capital and payment of the 1st installment of amortization of the 2nd issue of debentures. 09.27.2018 3 09.27.2023 Half-yearly DI + spread 2.70% CDI + 3.96% 1,000,000 1,019,626 1,020,260 5th (serie 1) (c) Investment for expansion, renovation or improvement and reimbursement of expenses of the Issuer's electricity distribution network linked to concession contract No. 46/1999 of ANEEL. 11.15.2019 3 11.15.2027 Half-yearly IPCA + 4.20% p.a. IPCA+ 4.61% p.a. 500,000 506,180 - 5th (serie 1) Reinforcement of working capital and recomposition of cash by the final amortization of the 2nd issue of debentures. 11.15.2019 2 11.15.2027 Half-yearly DI + spread 1.45% CDI + 1.65% 350,000 351,914 - Copel CTE 1st (a) Deployment, expansion and modernization of the telecommunication network. Personal guarantee 10.15.2015 5 10.15.2024 Half-yearly IPCA + 7.9633% IPCA+ 8.1073% 160,000 195,429 188,278 2nd 07.15.2017 1 07.15.2022 Half-yearly IPCA + 5.4329% IPCA+ 6.1036% 220,000 246,355 237,214 3rd Investments in the issuer. 05.15.2019 3 05.15.2024 Half-yearly 117.0% of DI 119.58% of DI 210,000 211,348 - Brisa Potiguar 2nd (1st serie) (d) Implementation of wind generating plants. Real and personal guarantee and pledge of Copel GeT shares. 03.24.2016 192 07.15.2032 Monthly TJLP + 2.02% TJLP + 2.02% 147,575 119,171 128,242 2nd (2nd serie) 03.24.2016 192 07.15.2032 Monthly IPCA + 9.87% IPCA+ 10.92% 153,258 135,657 141,069 Cutia 1st (b) Construction and implementation of wind generating plants. Personal guarantee 03.20.2019 26 12.15.2031 Half-yearly IPCA + 5.8813% IPCA+ 6.83% 360,000 352,829 - Compagás 2nd (e) Issuer's investment plan fund. Floating 04.15.2016 54 12.15.2021 Quarterly TJLP + 2.17% TJLP + 2.17% 33,620 6,001 8,973 SELIC + 2.17% SELIC + 2.17% - 5,782 8,678 3rd (f) Issuer's investment plan fund. Real 12.17.2019 18 06.28.2021 Monthly DI + Spread 0.88% p.a. 5.68% p.a. 43,000 44,746 - Gross debt 8,540,366 7,592,904 (-) Transaction cost (110,656) (74,773) Net debt 8,429,710 7,518,131 Current 1,164,301 2,184,881 Noncurrent 7,265,409 5,333,250 (a) Simple debentures, single series, not convertible into shares, unsecured, for public distribution with restricted placement efforts, according to CVM No. 476. Guarantor: Copel. Trustee: Pentágono S.A. DTVM. (b) Simple debentures, single series, not convertible into shares, with security interest and additional personal guarantee, for public distribution with restricted efforts, pursuant to CVM Instruction No. 476. Guarantor: Copel. Trustee: Pentágono S.A. DTVM. (c) Simple debentures, two series, not convertible into shares, unsecured, for public distribution with restricted placement efforts, according to CVM No. 476. Guarantor: Copel. Trustee: Pentágono S.A. DTVM. (d) Simple debentures, two series, not convertible into shares, issued privately. Companies: Nova Asa Branca I, Nova Asa Branca II, Nova Asa Branca III, Nova Eurus e Ventos de Santo Uriel. Guarantor: Copel. They have no trustee. (e) Simple registered debentures, single series, with private issue and exclusive placement by BNDESPAR. Guarantor: Compagás. Trustee: BNDES Participações S.A. BNDESPAR. (f) Simple and registered debentures, with a single series, in private issue, with public distribution of restricted efforts. Guarantor: Compagás. Trustee: Simplific Pavarini DTVM Ltda. 22.1 Maturity of noncurrent installments 12.31.2019 Gross debt (-) Transaction cost Net debt 2021 1,851,659 (20,991) 1,830,668 2022 2,393,255 (20,900) 2,372,355 2023 1,290,978 (13,143) 1,277,835 2024 640,764 (7,438) 633,326 2025 478,666 (5,505) 473,161 After 2025 694,561 (16,497) 678,064 7,349,883 (84,474) 7,265,409 22.2 Changes in debentures Balance as of January 1, 2018 6,070,978 Funding 2,890,283 Charges and monetary variations 549,539 Amortization - principal (1,491,667) Payment - charges (501,002) Balance as of December 31, 2018 7,518,131 Funding 2,965,028 Charges and monetary variations 623,795 Amortization - principal (1,977,125) Payment - charges (700,119) Balance as of December 31, 2019 8,429,710 22.3 Covenants Copel issued debentures containing covenants that require the maintenance of certain economic and financial ratios within pre-determined parameters, requiring annual fulfillment and other conditions to be complied with, such as not changing the Company's interest in the capital stock that would represent change of control without prior consent from the debenture holders; not paying out dividends or interest on capital if it is in arrears in relation to honoring any of its financial obligations or not maintaining the financial ratios as determined without prior written consent of the debenture holders. Failing to fulfill these conditions may lead to accelerated redemption of debentures and regulatory penalties. As of December 31, 2019, all the other ratios and covenants have been fulfilled. The financial covenants contained in the agreements are presented as follows: Company Contract Annual financial index Limit Copel 7 th Consolidated net debt / Consolidated EBITDA ≤ 3.5 8 th Copel GeT 1 st 3 rd 4 th 5 th 6 th Copel DIS 3 rd 4 th 5 th Copel TEL 1 st 2 nd 3 rd Compagás 2 nd Net debt / EBTIDA General Indebtedness ≤ 3.5 ≤ 0.7 3 rd Net debt / EBTIDA ≤ 3.5 Nova Asa Branca I Debt service coverage ratio ≥ 1.3 Nova Asa Branca II Nova Asa Branca III 2 nd Nova Eurus IV Ventos de Santo Uriel Cutia 1 st Debt service coverage ratio (a) ≥ 1.2 (a) financial ratio calculated based on the amounts of the consolidated financial statements of Cutia Empreendimentos Eólicos S.A. |
23 Post-Employment Benefits
23 Post-Employment Benefits | 12 Months Ended |
Dec. 31, 2019 | |
Postemployment Benefits [Abstract] | |
Post-Employment Benefits | 23 Post-employment Benefits The Company sponsors private retirement and pension plans (Unified Plan and Plan III) and Healthcare Plan for medical and dental care ("ProSaúde II" and "ProSaúde III" Plans) for their active employees and their legal dependents. The lifetime sponsorship of the Healthcare Plan for retirees, pensioners and legal dependents is only applied to "Prosaúde II" plan participants. The amounts of these actuarial obligations (contributions, costs, liabilities, and/or assets) are calculated annually by an independent actuary at year end. The benefits plan assets are measured at market values (mark-to-market). The amount of the net assistance liability is recognized at the present value of the actuarial liability, less the fair value of the plan assets. Under the projected credit unit method adopted, each year of service triggers an additional benefit unit, which are added up to determine the final liability. Other actuarial assumptions are used, which take into account biometric and economic tables in addition to historical data from the benefits plans, obtained from the manager of these plans, Fundação Copel de Previdência e Assistência Social. Actuarial gains or losses caused by changes in assumptions and/or actuarial adjustments are recognized in other comprehensive income. 23.1 Pension plan The Unified Plan is a Defined Benefit plan - BD in which the income is predetermined, according to each individual's salary. This plan is closed for new participants since 1998. The Plan III is a Variable Contribution plan - CV, being the only plan available for new participants. The costs assumed by the sponsors for these plans are recognized according to the actuarial evaluation prepared annually by independent actuaries in accordance with IAS 19 and IFRIC 14. The economic and financial assumptions for purposes of the actuarial valuation are discussed with the independent actuaries and approved by the Company's Management. 23.2 Helathcare Plan The Company allocate resources for the coverage of healthcare expenses incurred by their employees and their dependents, within rules, limits and conditions set in "ProSaúde II" and "ProSaúde III" Plans' regulations. Coverage includes periodic medical exams in both plans and is extended to all retirees and pensioners for life only in the "ProSaúde II" plan. 23.3 Balance sheet and statement of income Amounts recognized in liabilities, under Post-employment benefits, are summarized below: 12.31.2019 12.31.2018 Pension plans 1,537 1,149 Healthcare plans 1,193,399 967,614 1,194,936 968,763 Current 66,004 58,478 Noncurrent 1,128,932 910,285 Amounts recognized in the statement of income are shown below: 12.31.2019 12.31.2018 12.31.2017 Employees Pension plans 72,067 78,209 78,680 Healthcare plan - post employment 99,578 97,866 97,511 Healthcare plan - active employees 87,515 86,580 81,617 (-) Transfers to construction in progress (22,394) (20,630) (21,901) 236,766 242,025 235,907 Management Pension plans 1,450 1,598 1,500 Healthcare plan 110 127 190 1,560 1,725 1,690 238,326 243,750 237,597 23.4 Changes in post-employment benefits Balance as of January 1, 2018 866,103 Appropriation of actuarial calculation 97,900 Appropriation of pension and healthcare contributions 151,215 Adjustment related to actuarial gains (loss) 58,354 Amortizations (204,809) Balance as of December 31, 2018 968,763 Appropriation of actuarial calculation 99,578 Appropriation of pension and healthcare contributions 138,974 Adjustment related to actuarial gains 186,628 Amortizations (199,007) Balance as of December 31, 2019 1,194,936 23.5 Actuarial valuation in accordance with IAS 19 23.5.1 Actuarial assumptions The actuarial assumptions used to determine the amounts of liabilities and costs for 2019 and 2018 are shown below: 2019 2018 Real Nominal Real Nominal Economic Inflation p.y. - 2.90% - 4.00% Expected rate of discount/return p.y. Unified Plan - Defined Benefit 3.05% 6.04% 4.60% 8.78% Unified Plan - Balance 3.20% 6.19% 4.60% 8.78% Plan III 3.20% 6.19% 4.60% 8.78% Assistance Plan 3.30% 6.30% 4.60% 8.78% Salary growth Unified Plan p.y. 1.00% 3.93% 2.00% 6.08% Plan III p.y. 1.50% 4.44% 1.50% 5.56% Demographic Mortality Table AT - 2000 AT - 2000 Mortality table of individuals with permanent disability WINKLEVOSS WINKLEVOSS Table of new disability benef it vested TASA 1927 TASA 1927 23.5.2 Number of participants and beneficiaries Social Security Plans Unified Plan Plan III Assistance Plan 12.31.2019 12.31.2018 12.31.2019 12.31.2018 12.31.2019 12.31.2018 Number of active participants 27 33 7,647 8,180 6,963 7,427 Number of Inactive participants 4,337 4,368 4,324 3,843 8,433 8,174 Number of dependent people - - - - 22,183 22,472 Total 4,364 4,401 11,971 12,023 37,579 38,073 23.5.3 Life expectancy after the average age of participants - Annuity Table AT-2000 (in years) Unified Plan Plan III As of 12.31.2019 Retired participants 13.13 25.84 Pensioner participants 8.40 25.84 As of 12.31.2018 Retired participants 14.37 22.74 Pensioner participants 15.68 27.21 The average age of inactive participants of the healthcare and pension plans of the Company is 66.6 and 65.9 years, respectively. 23.5.4 Actuarial evaluation Based on the revision of the assumptions, the amounts of the Unified Plan and Plan III as of December 31, 2019 totaled surplus of R$ 908,294 and R$ 91,218, respectively and surplus of R$ 376,077 and R$ 32,732, respectively as of December 31, 2018. Applicable ruling legislation does not allow any significant reduction in contributions or refunds to the Company based on the current surplus of these plans. For this reason, the Company did not record assets in its balance sheet as of December 31, 2019, reflecting any right to reduce contributions, refund of surplus or other amounts. Unified Plan Assistance 12.31.2019 12.31.2018 Total liabilities or partially covered 6,638,462 3,046,536 1,389,610 11,074,608 9,201,030 Fair value of the plan assets (7,546,756) (3,137,754) (196,211) (10,880,721) (8,642,068) Plan coverage status (908,294) (91,218) 1,193,399 193,887 558,962 Unrecognized asset 908,294 91,218 - 999,512 408,652 - - 1,193,399 1,193,399 967,614 The Company adjusted their assistance liabilities through the actuarial report issued on December 31, 2019, when an actuarial gain of R$ 186,629 (R$ 58,354 on December, 2018) was recorded in other comprehensive income, corresponding to an increase ascertained on that base date. 23.5.5 Changes in actuarial liabilities Unified Plan Plan III Assistance Plan Present value of net actuarial obligations as of January 1, 2017 4,951,078 1,565,121 933,914 Cost of services 329 10,502 9,225 Cost of interest 563,257 176,878 105,987 Benefits paid (406,023) (122,841) (7) Actuarial (gain) losses 244,253 104,908 (13,162) Present value of net actuarial obligations as of December 31, 2017 5,352,894 1,734,568 1,035,957 Cost of services 589 9,604 11,633 Cost of interest 533,201 195,991 102,916 Benefits paid (414,256) (133,281) (7) Actuarial (gain) losses 442,336 338,779 (9,894) Present value of net actuarial obligations as of December 31, 2018 5,914,764 2,145,661 1,140,605 Cost of services 560 4,098 14,306 Cost of interest 477,732 128,075 106,004 Benefits paid (435,454) (174,427) (30) Actuarial (gain) losses 680,860 943,129 128,725 Present value of net actuarial obligations as of December 31, 2019 6,638,462 3,046,536 1,389,610 23.5.6 Changes in actuarial assets Unified Plan Plan III Assistance Plan Fair value of the Plan's assets as of January 1, 2017 5,478,802 1,793,516 165,301 Return estimated for assets 546,699 202,691 23,934 Contributions and distributions 30,520 10,505 - Benefits paid (406,023) (122,841) - Actuarial gain (losses) 184,574 (62,816) (18,312) Fair value of the Plan's assets as of December 31, 2017 5,834,572 1,821,055 170,923 Return estimated for assets 593,572 230,703 16,579 Contributions and distributions 24,011 9,184 - Benefits paid (414,256) (133,281) - Actuarial gain (losses) 252,942 250,575 (14,511) Fair value of the Plan's assets as of December 31, 2018 6,290,841 2,178,236 172,991 Return estimated for assets 685,685 337,476 51,541 Contributions and distributions 23,851 4,185 - Benefits paid (435,454) (174,427) - Actuarial gain (losses) 981,833 792,284 (28,321) Fair value of the Plan's assets as of December 31, 2019 7,546,756 3,137,754 196,211 23.5.7 Estimated costs The estimated net periodic plan costs (gains) for 2020 for each plan are shown below: Unified Plan Plan III Assistance Plan Cost of current service 765 4,037 20,854 Estimated cost of interest 405,370 183,865 85,561 Expected return on plan assets (449,905) (183,026) (12,066) Expected employee contributions (187) (2,018) - Costs (income or loss) (43,957) 2,858 94,349 23.5.8 Sensitivity Analysis The following tables set out a sensitivity analysis, which shows the effect of a one percent increase or decrease in the assumed care costs, in the aggregate of the cost of service and cost of interest components and the accumulated post-employment benefit obligation. Projected scenarios Increase by 1% Decrease in 1% Sensitivity of long-term interest rate Impacts on the obligations of the pension (249,719) 253,420 Impacts on the obligations of healthcare program (120,756) 122,130 Sensitivity of growth rate of the medical costs Impacts on the obligations of healthcare program 96,823 (90,471) Impact on cost of service for the following financial year of healthcare program 1,439 (1,344) Sensitivity of the service cost Impacts on the obligations of the pension 39 (40) Impacts on the obligations of healthcare program 1,788 (1,808) 23.5.9 Benefits payable The estimated benefits to be paid by the Company in the next five years and the total benefits for the following fiscal years are shown below: Unified Plan Plan III Assistance Plan Total 2020 429,228 158,427 82,813 670,468 2021 418,133 154,433 86,125 658,691 2022 406,885 149,999 85,451 642,335 2023 395,134 145,567 83,826 624,527 2024 383,511 141,302 81,965 606,778 2025 a 2049 4,016,371 2,011,843 1,091,223 7,119,437 23.5.10 Asset allocation and investment strategy The asset allocation for the Company pension and healthcare plans at the end of 2019 and the allocation goal for 2020, by asset category, are shown below: Goal for 2020 2019 Fixed income 70.4% 82.2% Variable income 9.1% 7.8% Loans 1.6% 1.6% Real estate 7.2% 1.4% Investment structuring 8.9% 7.1% Investments abroad 2.8% 0.0% 100.0% 100.0% In addition, information on the allocation of assets of pension plans sponsored by the Company: Unified Plan Plan III target (%)(*) minimum (%) target (%) minimum (%) Fixed income 86.5% 55.0% 51.0% 23.0% Variable income 5.0% 1.0% 14.0% 8.0% Loans 0.5% 0.0% 3.0% 1.0% Real estate 5.0% 1.0% 10.0% 0.0% Investment structuring 3.0% 0.0% 16.0% 0.0% Investments abroad 0.0% 0.0% 6.0% 0.0% (*) Target based on the total investment of each plan. Management of Fundação Copel decided to keep a more conservative approach investing in variable income in relation to the allowed legal limit, which is 70%. As of December 31, 2019, and 2018, the pension plan assets included the following securities issued by Copel: Unified Plan Plan III 12.31.2019 12.31.2018 12.31.2019 12.31.2018 Debentures - - - 4,166 Shares - 5 - 13 - 5 - 4,179 23.5.11 Additional information The Company made contributions to Plan III (variable contribution plan) for all active employees at December 31, 2019 and 2018, in the amounts of R$ 70,564 and R$ 77,797, respectively. |
24 Sectorial Charges Due
24 Sectorial Charges Due | 12 Months Ended |
Dec. 31, 2019 | |
Sectorial Charges Due [Abstract] | |
Sectorial Charges Due | 24 Sectorial Charges Due 12.31.2019 12.31.2018 Energy Development Account - CDE 4,104 73,549 Global Reversal Reserve - RGR 12,068 6,323 Tariff flags 12,336 - 28,508 79,872 |
25 Research and Development and
25 Research and Development and Energy Efficiency | 12 Months Ended |
Dec. 31, 2019 | |
Research And Development And Energy Efficiency [Abstract] | |
Research and Development and Energy Efficiency | 25 Research and Development and Energy Efficiency In accordance with Law No. 9,991/2000 and supplementary regulations, concession operators and licensees of electric power generation and transmission are required to allocate annually the percentage of 1% of their net operating regulatory revenue to research and development of the electricity sector activities, and the electric power distribution concession operators must segregate this same percentage into the research and development and energy efficiency programs of the electricity sector. 25.1 Balances recognized for investment in Research and Development (R&D) activities and the Energy Efficiency Program (EEP) Amounts payable, before any related prepayments Amounts payable to regulatory agencies Other amounts payable Balance as of Balance as of 12.31.2019 12.31.2018 Research and Development - R&D FNDCT - 4,046 - 4,046 4,725 MME - 2,023 - 2,023 2,361 R&D 174,032 - 167,626 341,658 327,626 174,032 6,069 167,626 347,727 334,712 Energy efficiency program - EEP Procel - 16,410 - 16,410 15,792 EEP 48,518 - 245,516 294,034 242,231 48,518 16,410 245,516 310,444 258,023 222,550 22,479 413,142 658,171 592,735 Current 375,395 270,429 Non-current 282,776 322,306 National Fund for Scientific and Technological Development - FNDCT National Program of Electricity Conservation - Procel 25.2 Changes in R&D and EEP balances FNDCT MME R&D Procel EEP Total Balance as of January 1, 2018 5,232 2,616 316,121 6,041 202,465 532,475 Effect of acquisition of control of Costa Oeste and Marumbi 23 9 467 - - 499 Additions 31,186 15,595 31,188 9,067 36,270 123,306 Performance agreement - - - - 2,063 2,063 Interest rate (Note 33) - - 12,627 684 12,096 25,407 Payments (31,716) (15,859) - - - (47,575) Concluded projects - - (32,777) - (10,663) (43,440) Balance as of December 31, 2018 4,725 2,361 327,626 15,792 242,231 592,735 Business combination effects 20 10 1,464 - - 1,494 Additions 32,311 16,155 32,312 9,333 37,321 127,432 Performance agreement - - - - 3,246 3,246 Interest rate (Note 33) - - 10,627 51 13,892 24,570 Transfers - - - (3,123) 3,123 - Payments (33,010) (16,503) - (5,643) 990 (54,166) Concluded projects - - (30,371) - (6,769) (37,140) Balance as of December 31, 2019 4,046 2,023 341,658 16,410 294,034 658,171 |
26 Accounts Payable Related to
26 Accounts Payable Related to Concessions | 12 Months Ended |
Dec. 31, 2019 | |
Accounts Payable Related To Concessions [Abstract] | |
Accounts Payable Related to Concessions | 26 Accounts Payable Related to Concessions Company Grant Signature Closing Discount Rate Annual Adjustment 12.31.2019 12.31.2018 HPP Mauá Copel GeT 06.29.2007 07.03.2007 07.2042 5.65% p.y. IPCA 16,890 16,709 HPP Colider Copel GeT 12.29.2010 01.17.2011 01.2046 7.74% p.y. IPCA 24,353 23,864 HPP Baixo Iguaçu Copel GeT 07.19.2012 08.20.2012 01.2047 7.74% p.y. IPCA 7,588 7,412 HPP Derivação Rio Jordão Copel GeT 07.11.2013 02.24.2014 02.2019 7.74% p.y. IPCA - 47 HPP Fundão e HPP Santa Clara Elejor 10.23.2001 10.25.2001 10.2036 11.00% p.y. IGPM 563,756 536,131 612,587 584,163 Current 73,032 67,858 Noncurrent 539,555 516,305 Discount rate applied to calculate present value Real and net discount rate, compatible with the estimated long-term rate, not being linked to the expectation of return from the project. Payment to the federal government Monthly installments equivalent to 1/12 of the annual payment restated, as defined in the concession agreement. 26.1 Changes in accounts payable related to concessions Balance as of January 1, 2018 554,954 Additions 302 Adjust to present value (114) Monetary variations 93,386 Payments (64,365) Balance as of December 31, 2018 584,163 Adjust to present value (668) Monetary variations 99,661 Payments (70,569) Balance as of December 31, 2019 612,587 26.2 Nominal value and present value of accounts payable related to concession Nominal value Present value 2020 71,471 73,032 2021 71,471 64,387 2022 71,471 58,128 2023 71,471 52,482 After 2023 1,024,054 364,558 1,309,938 612,587 |
27 Right-of-use asset and lease
27 Right-of-use asset and lease liability | 12 Months Ended |
Dec. 31, 2019 | |
Right of Use Asset And Lease Liability [Abstract] | |
Right-of-use asset and lease liability | 27 Right-of-use asset and lease liability With the adoption of IFRS 16, the Company recognized right-of-use asset and lease liability as follows: 27.1 Right-of-use asset Initial adoption on Additions Remeasurement Adjustment Loss on Balance as of January 1, 2019 Amortization disposal 12.31.2019 Real estate 57,461 2,484 914 (17,705) (2,999) 40,155 Vehicles 57,564 2,295 2,970 (15,205) (1,224) 46,400 Equipment 2,997 4,574 - (1,295) - 6,276 118,022 9,353 3,884 (34,205) (4,223) 92,831 27.2 Lease liability 27.2.1 Changes in lease liability Total Initial adoption on January 1, 2019 118,022 Additions 9,353 Remeasurement Adjustment 3,884 Charges 9,675 Amortization - principal (30,946) Payment - charges (9,130) Disposals (4,254) Balance as of December 31, 2019 96,604 The Company defines the discount rate based on the interest rate applied to the last debentures fundraising, disregarding subsidized or incentivized funding. The last discount rate considered as of December 31, 2019 is 5.85% p.a., applied to contracts effective December 2019 or thereafter. The discount rate on initial adoption was 9.10% p.a. 27.2.2 Maturity of noncurrent installments 2021 22,734 2022 23,251 2023 8,285 2024 9,814 2025 1,252 After 2025 130 65,466 Embedded interest (2,435) Lease Liabilities balance on 12.31.2019 63,031 27.2.3 Potential right to Pis/Cofins recoverable The table below shows the potential right to Pis/Cofins recoverable for Pis/Cofins computed in lease consideration payable in the foreseen periods. Cash Flows Nominal Present value Lease consideration 114,341 96,604 Potential Pis / Cofins 8,320 7,296 27.3 Impact of forecast inflation on discounted cash flows In accordance with IFRS 16, in measuring and remeasuring lease liabilities and right-of-use assets, the Company used the discounted cash flow method without considering forecast future inflation, according to the prohibition imposed by the standard. However, given the current reality of long-term interest rates in the Brazilian economic environment, the table below shows the comparative balances between the information recorded in accordance with IFRS 16 and the amount that would be recorded considering forecast inflation: Balance in accordance with IFRS 16 Inflation projected balance % Lease liabilities 96,604 106,148 9.88% Right to use assets 92,831 100,061 7.79% Financial expense 9,675 10,341 6.88% Amortization expense 34,205 35,398 3.49% 27.4 Commitments from leases and rentals For leases of low value assets, such as computers, printers and furniture, short-term leases, as well as for leases of land for development of wind power generation projects, whose payment is made based on variable remuneration, the amounts are recognized in the statement of income as operating costs and/or expenses (Note 32.6). The balance of commitments from leases and rentals is shown below: Less than Over 1 year 1 to 5 years 5 years 12.31.2019 Commitments from leases and rents 6,347 29,645 158,826 194,818 |
28 Other Accounts Payable
28 Other Accounts Payable | 12 Months Ended |
Dec. 31, 2019 | |
Other Accounts Payable [Abstract] | |
Other Accounts Payable | 28 Other Accounts Payable 12.31.2019 12.31.2018 Fair value in the purchase and sale of power in the active market (Note 35.2.12) 251,973 11,007 Customers (a) 43,024 70,713 Obligations to customers in gas sales operations (b) 39,665 55,048 Public lighting rate collected 38,805 28,337 Aneel Order No. 084/2017 provision 26,008 24,314 Investment acquisition 13,294 32,200 Financial offset for the use of water resources 12,535 20,820 Pledges in guarantee 9,257 10,026 Reimbursements to customer contributions 4,887 5,036 Derivatives fair value - Forward contract (Note35.2.3 - b) 1,203 - Other liabilities 58,218 51,523 498,869 309,024 Current 149,407 192,070 Noncurrent 349,462 116,954 (a) Of the balance at 12.31.2018, R$32,639 refers to amounts transferred from the Federal Government to Copel DIS, in accordance with ANEEL Directive Release No. 565/2018, for the reimbursement of consumers due to the exceeding amount collected from the Net Operating Revenue in the period from January 2010 to December 2012. There is no outstanding balance of this liability on 12.31.2019 (b) Refers to amounts paid for the purchase of contracted gas volumes not yet taken by customers. |
29 Provisions for Legal Claims
29 Provisions for Legal Claims and Contingent Liabilities | 12 Months Ended |
Dec. 31, 2019 | |
Provisions For Legal Claims And Contingent Liabilities [Abstract] | |
Provisions for Legal Claims and Contingent Liabilities | 29 Provisions for Legal Claims and Contingent Liabilities The Company are responsible for several legal and administrative proceedings before different courts. Based on assessments made by the Company's legal counsel, Management makes provisions for legal claims in which the losses are rated probable, when the criteria for recognition of provisioning described in Note 4.11 are met. The Company's management believes it is impracticable to provide information regarding the timing of any cash outflows related to the lawsuits for which the Company are responsible on the date of preparation of the financial statements, in view of the unpredictability and dynamics of the Brazilian judicial, tax and regulatory systems, and that the final resolution depends on the conclusions of the lawsuits. For this reason, this information is not provided. 29.1 Provision for legal claims 29.1.1 Changes in provision for legal claims rated as involving probable losses Income Balances as of Provision for litigations Construction cost Additions (Reversals) Transfers/ Balances as of January 1, 2019 Additions Reversals Additions/(Rev.) to assets Discharges Others December 31, 2019 Tax Cofins (a) 102,603 4,307 (2,626) - - - - 104,284 Others (b) 54,494 4,841 (14,258) - - (1,258) 27,687 71,506 157,097 9,148 (16,884) - - (1,258) 27,687 175,790 Labors (c) 612,782 194,550 (23) - - (134,247) - 673,062 Employee benefits (d) 85,199 27,426 (18,747) - - (7,581) - 86,297 Civil Civil and administrative claims (e) 492,934 101,438 (36,271) - - (221,139) - 336,962 Easements (f) 118,147 711 (3,470) 12,456 1,012 (1,891) 45 127,010 Expropriations and property (g) 116,401 2,844 (4,501) (2,935) 7,109 (161) - 118,757 Customers (h) 5,209 390 (643) - - - - 4,956 Environmental (i) 3,531 1,332 (566) - - (226) - 4,071 736,222 106,715 (45,451) 9,521 8,121 (223,417) 45 591,756 Regulatory (j) 73,473 7,926 (546) - - (1,045) - 79,808 1,664,773 345,765 (81,651) 9,521 8,121 (367,548) 27,732 1,606,713 Noncurrent 1,664,773 1,606,713 Income Balance as of January 01,2018 Provision for litigations Construction cost Asset additions Discharges Transfers / Others Balance as of December 31,2018 Additions Reversals Additions/ (Rev.) Tax Cofins (a) 79,748 22,855 - - - - - 102,603 Others (b) 58,793 7,722 (26,695) - - (6,325) 20,999 54,494 138,541 30,577 (26,695) - - (6,325) 20,999 157,097 Labors (c) 475,631 232,195 (2,400) - - (92,644) - 612,782 Employee benefits (d) 89,439 11,089 (10,062) - - (5,267) - 85,199 Civil Civil and administrative claims (e) 527,613 119,633 (118,652) - - (36,005) 345 492,934 Easements (f) 110,936 2,179 (305) (4,600) 8,477 (1,474) 2,934 118,147 Expropriations and property (g) 95,627 156 (1,350) 4,032 18,168 (232) - 116,401 Consumers (h) 8,377 464 (1,469) - - (2,163) - 5,209 Environmental (i) 1,584 2,570 (562) - - (61) - 3,531 744,137 125,002 (122,338) (568) 26,645 (39,935) 3,279 736,222 Regulatory (j) 64,316 9,296 (139) - - - - 73,473 1,512,064 408,159 (161,634) (568) 26,645 (144,171) 24,278 1,664,773 Current 112,000 - Noncurrent 1,400,064 1,664,773 29.1.2 Description of nature and/or details of the principal lawsuits a) Contribution for Social Security Funding (COFINS) Plaintiff: Federal Revenue of Brazil Cofins payables and respective interest and fines from August 1995 to December 1996, due to the termination of a judicial decision that had recognized the Company's exemption from Cofins. Current status: b) Other tax provisions Claims related to federal, state and municipal taxes, fees and other charges on which the Company discusses the incidence or not, as well as their bases and amounts for payment. c) Labor Labor claims comprise claims filed by employees and former employees of Copel in connection with the payment of overtime differences, hazardous working conditions, transfer bonuses, salary equality/reclassification and other matters, and also claims by former employees of contractors and third- parties (secondary responsibility) involving indemnity and other matters. d) Employee benefits Labor claims comprise claims filed by retired former employees of Copel and its wholly-owned subsidiaries against the Copel Foundation, which will have consequential impact on the Company and its wholly-owned subsidiaries, since additional contributions will be required. e) Civil and admininstrative claims Lawsuits involving billing, supposed irregular procedures, administrative contracts and contractual fines, indemnity for accidents with the electric power network or vehicles. The balance also contains amounts being discussed by arbitration under secrecy and confidentiality, in the discovery phase, with no decision having been handed down to date. The main lawsuit is described below: Plaintiff: Class lawsuit No. 588/2006 has already been rendered final and unappeasable, and the ruling recognized as valid the contractual commissions payable by the Company to Tradener. In the civil public lawsuit No. 0000219.78.2003.8.16.0004, filed by the Prosecution Office, a decision has also been rendered ruling on the absence of irregularities in the electric power purchase agreement. Therefore, Tradener brought recovery lawsuits, seeking to receive its commissions. Current status: Plaintiff: Estimated amount: Lawsuits filed by tobacco growers whose main cause is power failures leading to loss of production. f) Easements Lawsuits are filed challenging expropriation when there is a difference between the amount determined by Copel for payment and the amount claimed by the property owner and/or when the owner's documentation supporting title to the property may not be registered (when probate proceedings are still in progress, properties have no registry number with the land registry, etc.). Cases may also arise from intervention in third-party adverse possession, either as a confronter, or in case of a property where there are areas of easement of passage, in order to preserve the limits and boundaries of expropriated areas. g) Expropriations and property Expropriation and property lawsuits are filled when there is a difference between the amount determined by Copel for payment and the amount claimed by the property owner and/or when the owner's documentation supporting title to the property may not be registered (in case probate proceedings are still in progress, properties have no registry number with the land registry, etc.). Possessory lawsuits include those for repossession of property owned by the concession operator. Litigation arises when there is a need to repossess properties invaded or occupied by third parties in areas owned by the Company. Cases may also arise from intervention in third-party adverse possession, or owners or occupants of contiguous properties or even in cases of properties to preserve limits and boundaries of expropriated areas. The main lawsuits are as follows: Plaintiff: Estimated value Expropriation lawsuit for construction of electric substation that contests the indemnity amount. Current status: Plaintiff: Estimated value: Lawsuit for the expropriation of the area used for the reservoir of the Mauá Plant filed by Consórcio Energético Cruzeiro do Sul, of which Copel GeT participates with 51%, in which discusses the indemnity amount of the property that is in a submerged part. Current status: h) Consumers Lawsuits seeking compensation for damages caused in household appliances, industrial and commercial machines, lawsuits claiming damages for pain and suffering caused by service interruption and lawsuits filed by industrial consumers, challenging the lawfulness of the increase in electricity prices while Plano Cruzado (anti-inflation economic plan) was in effect and claiming reimbursement for the amounts paid by the Company. i) Environmental Public civil and class actions whose purpose is to obstruct the progress of environmental licensing for new projects or to recover permanent preservation areas located around the hydroelectric power plant dams unlawfully used by private individuals. If the outcome of the lawsuits is unfavorable to the Company, Management estimates only the cost to prepare new environmental studies and to recover the areas owned by Copel GeT. They also include the Commitment Agreements (Termos de Ajuste de Conduta - TAC), which refer to the commitments agreed-upon and approved between the Company and the relevant bodies, for noncompliance with any condition provided for by the Installation and Operating Licenses. j) Regulatory The Company has been challenging, both at the administrative and judicial levels, notifications issued by the Regulatory Agency of alleged violations against regulations. The main action is described below: Plaintiffs: Estimated amount: Copel, Copel GeT and Copel DIS are challenging lawsuits filed against ANEEL's Decision 288/2002 involving these companies. Current status: 29.2 Contingent liabilities 29.2.1 Classification of lawsuits rated as possible losses Contingent liabilities are present obligations arising from past events for which no provisions are recognized because it is not probable that an outflow of resources embodying economic benefits will be required to settle the obligation. The following information concerns the nature of contingent liabilities of the Company and potential losses arising therefrom: 12.31.2019 12.31.2018 Tax (a) 628,546 568,512 Labor (29.1.2 - c) 419,917 311,777 Employee benefits (29.1.2 - d) 21,338 19,099 Civil (d) 1,273,928 1,286,466 Regulatory (e) 1,141,420 866,836 3,485,149 3,052,690 29.2.2 Description of nature and/or details of the principal lawsuits a) Tax Claims related to federal, state and municipal taxes, fees and other charges on which the Company discusses the incidence or not, as well as their bases and amounts for payment. The main lawsuits are as follows: Plaintiff: Estimated amount: Tax requirements related to the social security contribution. Current status: Plaintiff: Estimated amount: Copel Distribution received tax deficiency notice 6.587.156-4 from the State of Paraná for allegedly failing to pay ICMS (VAT) tax on the 'metered demand' highlighted in the electricity bills issued to a major consumer between May 2011 and December 2013. The Company maintains its illegitimacy to appear in the taxable position of this tax assessment, since it was not included in the judicial proceeding, thus it cannot suffer the effects of the ruling rendered thereon, which would entail its illegitimacy to appear as liable taxpayer in tax deficiency notice. The Company filed a writ of mandamus on July 16, 2019, having obtained an injunction suspending ICMS levy. Plaintiff: Estimated amount: Tax Requirement on Urban Territorial Property on properties affected by the public electricity service. The case is pending judgment at lower court. Plaintiff: Estimated amount: City halls tax requirement as ISS on construction services provided by third parties. Current status: Plaintiff: Estimated amount: Requirement and administrative questioning related to federal taxes. Current status: b) Civil Lawsuits involving billing, supposed irregular procedures, administrative contracts and contractual fines, indemnity for accidents with the electric power network or vehicles, easements of passage, expropriations, patrimonial and environmental. The balance also contains amounts being discussed by arbitration under secrecy and confidentiality, in the discovery phase, with no decision having been handed down to date. The main lawsuits are as follows: Plaintiff: Lawsuit claiming compensation for alleged losses when this mining company was involved in the construction of the Mauá plant by the Energético Cruzeiro do Sul Consortium in which Copel GeT has a 51% stake. A final and unappealable ruling was rendered on September 4, 2019 on the lawsuit about validity of the mining permit granted to Mineradora Tibagiana, and the revocation of the Ordinance granting mining permit to Mineradora Tibagiana by the National Department of Mineral Production (Departamento Nacional de Produção Mineral - DNPM) remained valid. Due to this, the possibility of outflow of resources has become remote. Plaintiffs: Estimated amount: Lawsuit filed by a former franchisee, without a current contract, with the objective of seeing the object then auctioned as a sub-concession, and not as a franchise, and, consequently, to see the contract extended and to be remunerated through fees charged to users, or, successively, be compensated for lost profits, in addition to royalties, advertising fund, among other funds. Current status: Plaintiff: Estimated amount: The Department of Roads and Roadworks (Departamento de Estradas e Rodagens - DER) - issued a tax assessment notice to Copel Distribuição which, in turn, filed a lawsuit challenging DER's Charge for Use or Occupancy of Highway Domain Range, since the Company understands that this charge is unconstitutional because it has a confiscatory nature. Currently the process is concluded for rendering of the ruling. Plaintiff: Estimated amount: Lawsuits filed by tobacco growers whose main cause is power failures leading to loss of production. Current status: c) Regulatory The Company is challenging, both at the administrative and judicial levels, notifications issued by the Regulatory Agency of alleged violations against regulations. The principal action is described below: Plaintiff: Estimated amount: ESBR filed Ordinary Lawsuit No. 10426-71.2013.4.01.4100 against ANEEL in the Federal Court of Rondônia, whose ruling: (i) acknowledged the exclusion of liability for the 535-day schedule overrun in the construction of the Jirau Hydropower Station; (ii) declares any obligations, penalties and costs imposed on ESBR as a result of the schedule overrun to be unenforceable, and (iii) annuls ANEEL Resolution 1,732/2013, which had recognized a schedule overrun of only 52 days. An appeal has been brought by ANEEL, pending judgment by the Federal Court of the 1st Region. The practical consequence of the ruling was, at the time it exempted ESBR, to expose the distributors with whom it entered into power trading contracts (CCEARs) to the Short-Term Market and to the high value of the Settlement Price of the Differences (Preço de Liquidação das Diferenças - PLD) in the period, including Copel DIS. This occurred because the rules for the sale of electricity require that all energy consumed should have a corresponding contractual coverage. If the lawsuits are judged unfavorably against Copel, the amount will be classified as Sectorial Financial Asset to be recovered through tariff rates. Current status: |
30 Equity
30 Equity | 12 Months Ended |
Dec. 31, 2019 | |
EQUITY | |
Equity | 30 Equity 30.1 Capital Capital consists of common and preferred shares. Each common share entitles its holder to one vote in the general shareholders’ meetings. Preferred shares do not have voting rights and have two classes “A” and “B”. According to Article 17 and following paragraphs of Federal Law No. 6,404/76, dividends paid to preferred shares must be at least 10% higher than those paid to common shares. Class “A” preferred shares have priority in the reimbursement of capital and in the distribution of minimum dividends of 10% p.a. (non-cumulative), calculated based on the capital represented by this class of shares. Class “B” preferred shares have priority in the reimbursement of capital and the right to the distribution of dividends, calculated as 25% of adjusted profit or loss for the year, pursuant to the corporate legislation and to the Company’s by-laws, calculated proportionately to the capital represented by the shares of this class. Dividends for Class “B” have priority only over the common shares and are only paid out of the remaining profits payment of priority dividends of class “A” shares. On December 31, 2019, paid-in capital is R$ 10,800,000 (R$ 7,910,000 as at December 31, 2018). The capital increase of R$ 2,890,000 was approved at the Extraordinary General Meeting held on April 29, 2019. Shareholding interests (comprising no par value shares) and main shareholders are shown below: Number of shares in units Shareholders Common Class "A” Preferred Class “B” preferred Total in share % in share % in share % in share % State of Paraná 85,028,598 58.63 - - - - 85,028,598 31.07 BNDES 38,298,775 26.41 - - 27,282,006 21.26 65,580,781 23.96 Eletrobras 1,530,774 1.06 - - - - 1,530,774 0.56 Free float: B3 19,727,829 13.60 76,783 23.47 73,612,755 57.38 93,417,367 34.15 NYSE 108,545 0.07 - - 27,181,283 21.19 27,289,828 9.97 Latibex - - - - 170,911 0.13 170,911 0.06 City Halls 178,393 0.12 9,326 2.85 3,471 - 191,190 0.07 Other shareholders 158,166 0.11 241,033 73.68 46,727 0.04 445,926 0.16 145,031,080 100.00 327,142 100.00 128,297,153 100.00 273,655,375 100.00 30.2 Equity valuation adjustments Fair values of fixed assets – deemed costs – were recognized on the first-time adoption of IFRS. The line item “Equity value adjustments” was the balancing item of this adjustment, net of deferred income tax and social contribution. The realization of such adjustments is recorded in the retained earnings line item, to the extent of the depreciation or possible disposal of the measured fixed assets. Adjustments arising from the changes in fair value involving financial assets, as well as actuarial gains and losses, are also recorded in this line item. Equity Valuation Adjustments Accumulated Other Comprehensive Income Total As of January 1, 2017 929,404 69,062 998,466 Adjustments to financial assets available for sale Financial investments - 3 3 Taxes on adjustments - (1) (1) Equity interest investments - 26,135 26,135 Taxes on adjustments - (8,887) (8,887) Adjustments related to actuarial liabilities Post employment benefits - (46,506) (46,506) Taxes on adjustments - 16,827 16,827 Realization of equity evaluation adjustment Deemed cost of fixed assets (108,561) - (108,561) Taxes on the adjustments 36,911 - 36,911 Gains on Investments in equity investments (Note 16.1) - (28,650) (28,650) Taxes on adjustments - 9,741 9,741 Attributed to non-controlling interest - 123 123 As of December 31, 2017 857,754 37,847 895,601 Adjustments related to actuarial liabilities Post employment benefits - (58,354) (58,354) Taxes on adjustments - 19,994 19,994 Realization of equity evaluation adjustment Deemed cost of fixed assets (101,645) - (101,645) Taxes on the adjustments 34,559 - 34,559 Reclassification by the adoption of IFRS 9 - Equity interest investments - (4,391) (4,391) Attributed to non-controlling interest - (154) (154) As of December 31, 2018 790,668 (5,058) 785,610 Adjustments related to actuarial liabilities Post employment benefits - (186,628) (186,628) Taxes on adjustments - 63,444 63,444 Realization of equity evaluation adjustment Deemed cost of fixed assets (100,342) - (100,342) Taxes on the adjustments 34,116 - 34,116 Attributed to non-controlling interest - (4,273) (4,273) As of December 31, 2019 724,442 (132,515) 591,927 30.3 Legal reserve and profit retention reserve The amount of 5% of profit for the year is allocated to the legal reserve, before any other allocation, limited to 20% of capital. The profit retention reserve is earmarked for covering the Company's investment program, according to Article 196 of Law No. 6,404/1976. It is funded by retaining the remaining profit or loss after setting up the legal reserve, interest on capital and dividends proposed. 30.4 Proposed dividend distribution Parent Company 12.31.2019 12.31.2018 12.31.2017 Calculation of minimum mandatory dividend (25%) - (1) Net income for the year 1,989,946 1,407,063 1,033,626 Legal Reserve (5%) (99,497) (70,353) (51,681) Realization of equity evaluation adjustment 66,226 67,086 71,650 Calculation basis for minimum mandatory dividends 1,956,675 1,403,796 1,053,595 489,169 350,949 263,399 Total proposed distribution - (2) (3 + 5) 643,000 378,542 289,401 Interest on own capital, net - (3) 643,000 280,000 266,000 Tax on interest on own capital (56,584) (27,593) (26,002) Interest on own capital, net - (4) 586,416 252,407 239,998 Dividends proposed - (5) - 98,542 23,401 Total proposed distribution, net - (6) (4 + 5) 586,416 350,949 263,399 Proposed additional dividend - (7) (6-1) 97,247 - - Interest on own capital, net, in advance, endorsed by CAD - (8) (4-1) 97,247 - - Gross value of dividends per share: Ordinary shares 2.24235 1.31950 1.00801 Class “A” preferred shares 3.94657 2.89050 2.89050 Class “B” preferred shares 2.46692 1.45151 1.10883 Gross amount of dividends per class of shares: Ordinary shares 325,210 191,369 146,193 Class “A” preferred shares 1,291 950 950 Class “B” preferred shares 316,499 186,223 142,258 In accordance with the legal and statutory provisions in effect, the basis for calculating mandatory dividends is obtained from net income, less the quota allocated to the legal reserve. However, Management decided to add to the calculation basis the realization of the equity valuation adjustments, which is dealt with in IAS 16, 40 and IFRS 1, in order to void the effect of the increase in depreciation expense arising from the adoption accounting standards, as well as IAS 16 - Property, Plant and Equipment. This procedure reflects the Company's shareholder remuneration policy, which will be practiced during the realization of the entire reserve for equity valuation adjustments. The distribution of the minimum mandatory dividend is included in Dividend payable in the Company’s financial statements at year-end. The tax benefit of interest on capital is recorded in the statement of income upon its recognition in accounts payable. 30.5 Earnings per share – basic and diluted 12.31.2019 12.31.2018 12.31.2017 Basic and diluted numerator Basic and diluted earnings allocated by classes of shares, allocated to controlling shareholders: Common shares 1,007,014 712,234 523,206 Class “A” preferred shares 2,984 1,775 1,304 Class “B” preferred shares 979,948 693,054 509,116 1,989,946 1,407,063 1,033,626 Basic and diluted denominator Weighted average of shares (in thousands): Common shares 145,031,080 145,031,080 145,031,080 Class “A” preferred shares 327,368 328,627 328,627 Class “B” preferred shares 128,296,927 128,295,668 128,295,668 273,655,375 273,655,375 273,655,375 Basic and diluted earnings per share attributable to controlling shareholders Common shares 6.94344 4.91091 3.60754 Class “A” preferred shares 9.11525 5.40201 3.96830 Class “B” preferred shares 7.63812 5.40201 3.96830 |
31 Net Operating Revenue
31 Net Operating Revenue | 12 Months Ended |
Dec. 31, 2019 | |
Net Operating Revenue [Abstract] | |
Net Operating Revenue | 31 Net Operating Revenue Gross PIS/Pasep Sectorial Service tax Net revenues revenues and Cofins ICMS (VAT) charges (ISSQN) 12.31.2019 12.31.2018 12.31.2017 Electricity sales to final customers 10,481,794 (965,651) (2,336,583) (753,544) - 6,426,016 5,548,584 4,681,533 Electricity sales to distributors 3,301,336 (368,101) (10,727) (56,642) - 2,865,866 2,765,916 3,176,354 Use of the main distribution and transmission grid 8,270,996 (781,017) (1,999,583) (1,351,625) - 4,138,771 3,469,060 3,617,941 Construction income 1,132,884 - - - - 1,132,884 1,097,313 868,001 Fair value of assets from the indemnity for the concession 36,646 - - - - 36,646 47,499 57,080 Telecommunications 532,926 (21,035) (137,896) - (558) 373,437 366,179 308,952 Distribution of piped gas 1,003,790 11,313 (171,897) - (23) 843,183 557,186 454,815 Sectorial financial assets and liabilities result 25,057 (6,426) - - - 18,631 893,688 718,826 Other operating revenue 442,353 (30,203) - - (3,310) 408,840 189,355 141,071 25,227,782 (2,161,120) (4,656,686) (2,161,811) (3,891) 16,244,274 14,934,780 14,024,573 31.1 Revenue by type and/or class of customers 12.31.2019 12.31.2018 12.31.2017 Electricity sales to final customers 10,481,794 10,104,045 8,689,516 Residential 3,336,432 3,175,290 2,750,514 Industrial 1,276,105 1,419,240 1,337,893 Trade, services and other activities 2,179,510 2,136,087 1,880,862 Rural 631,527 572,361 511,196 Public entities 279,495 262,705 236,719 Public lighting 274,250 278,645 244,381 Public service 332,414 316,307 275,431 Free consumers 1,431,274 1,179,314 845,964 Donations and grants 740,787 764,096 606,556 Electricity sales to distributors 3,301,336 3,136,244 3,529,770 Bilateral contracts 1,998,617 2,002,077 1,947,862 Regulated contracts 854,239 385,157 421,805 Electric Energy Trade Chamber - CCEE 357,076 663,024 1,077,943 Interest (Note 10.3) 91,404 85,986 82,160 Use of the main distribution and transmission grid 8,270,996 6,867,274 6,442,761 Residential 2,585,892 2,222,621 2,025,400 Industrial 1,280,168 1,110,089 1,024,452 Trade, services and other activities 1,713,632 1,407,156 1,304,285 Rural 467,044 362,778 341,875 Public entities 217,027 185,383 174,427 Public lighting 206,492 184,530 167,907 Public service 174,414 141,556 126,795 Free consumers 1,052,535 795,105 663,248 Concessionaires and generators 62,414 80,329 60,485 Operating and maintenance income - O&M 98,207 58,578 113,324 Interest income 413,171 319,149 440,563 Construction income 1,132,884 1,097,313 868,001 Fair value of assets from the indemnity for the concession 36,646 47,499 57,080 Telecommunications 532,926 512,540 426,773 Distribution of piped gas 1,003,790 753,222 621,992 Sectorial financial assets and liabilities result 25,057 985,344 767,040 Other operating revenue 442,353 222,329 171,356 Leasing and rent (31.2) 144,744 132,682 109,230 Fair value in the purchase and sale of power in the active market 204,876 - - Income from rendering of services 51,780 59,280 30,247 Charged service 18,807 18,475 15,981 Other income 22,146 11,892 15,898 GROSS OPERATING REVENUE 25,227,782 23,725,810 21,574,289 (-) Pis/Pasep and Cofins (2,266,304) (2,117,800) (1,788,714) Recovery of Pis/Pasep and Cofins on ICMS (Note 13.2.1) 105,184 - - (-) ICMS (VAT) (4,656,686) (4,210,382) (3,734,940) (-) Service tax (ISSQN) (3,891) (5,286) (5,388) (-) Sectorial charges (31.3) (2,161,811) (2,457,562) (2,020,674) NET OPERATING REVENUE 16,244,274 14,934,780 14,024,573 31.2 Leases and rentals 31.2.1 Revenue from leases and rentals 12.31.2019 12.31.2018 12.31.2017 Equipment and framework 143,482 131,409 106,790 Facilities sharing 1,046 1,003 2,159 Real estate 216 270 281 144,744 132,682 109,230 31.2.2 Receivables from leases Less than Over Total 1 year 1 to 5 years 5 years 12.31.2019 Facilities sharing 2,207 8,829 35,920 46,956 31.3 Regulatory charges 12.31.2019 12.31.2018 12.31.2017 Energy Development Account - "CDE " - Power distribution service concession (31.3.1) 1,654,157 1,840,283 1,415,738 Other charges - rate flags 280,286 423,098 420,027 Research and development and energy efficiency - R&D and EEP 127,432 123,306 117,390 Global Reversion Reserve - RGR quota 63,918 48,512 46,825 Energy Development Account - "CDE " - Power transmission concession 25,271 12,211 10,971 Inspection fee 10,747 10,152 9,723 2,161,811 2,457,562 2,020,674 31.3.1 Energy Development Account - CDE - power distribution concession The CDE was created by Law 10,438/2002, amended by Law 12,783/2013 and, in order to meet its objectives, it has among its sources of funds, quotas paid by agents that negotiate energy with end consumers, at a charge included in the tariffs. Currently, the Company makes payments for the “CDE USO” charge, intended to cover the CDE's objectives set forth by law, and the annual quota of “CDE ENERGIA”, composed of: a) Regulated Contracting Environment “CONTA – ACR”. The purpose of this account is to cover costs incurred by the distribution concession operators relating to involuntary spot market exposure and the costs of thermal power dispatching in 2014, linked to CCEAR in the modality due to the availability of electric energy. In October 2019, the remaining balance was returned to the concessionaires, according to the percentage defined by ANEEL, by Order No. 2,755 / 2019. b) “CDE-ENERGIA” destined to the return of the resources received by the distribution concession operators, from January 2013 to February 2014, to cover costs relating to involuntary spot market exposure and the hydrological risk of the plants contracted on a regime of quotas and the costs of thermal power dispatching for reasons of energy security, in compliance with Decree 7,895/2013 and Decree 8,203/2014. The annual quotas for each distributor are defined by ANEEL through resolutions enacted by it. The balance at December 31, 2019 is as follows: Resolutions Period 12.31.2019 CDE USO Resolution No. 2,510/2018 January to June 1,269,498 (-) Preliminary injunctions January to June (3,346) 1,266,152 CONTA ACR Resolution No. 2,231/2017 January to February 98,725 Resolution No. 2,521/2019 March to August 296,174 Return - Order No. 2,755 / 2019 (46,722) 348,177 CDE ENERGIA Resolution No. 2,510/2018 January to March 41,431 (-) Preliminary injunctions January to March (1,603) 39,828 1,654,157 Resolutions Period 12.31.2018 CDE USO Resolution No. 2,368/2018 January to August 594,972 Resolution No. 2,446/2018 September to December 445,075 (-) Preliminary injunctions January to December (2) 1,040,045 CONTA ACR Resolution No. 2,231/2017 January to December 557,981 557,981 CDE ENERGIA Resolution No. 2,202/2017 January to May 100,692 Resolution No. 2,358/2017 June to December 145,007 (-) Preliminary injunctions January to December (3,442) 242,257 1,840,283 Resolutions Period 12.31.2017 CDE USO Resolution No. 2,202/2017 January 53,329 Resolution No. 2,204/2017 February to December 672,756 (-) Preliminary injunctions January to December (28,502) 697,584 CONTA ACR Resolution No. 2,004/2015 January to March 148,087 Resolution No. 2,231/2017 April to December 341,161 489,248 CDE ENERGIA Resolution No. 2,077/2016 January to May 94,736 Resolution No. 2,204/2017 Junel to December 140,968 (-) Preliminary injunctions January to December (6,799) 228,906 1,415,738 Injunctions As a result of preliminary decisions in favor of the Brazilian Association of Large Industrial Energy Consumers and Free Consumers - Abrace, the National Association of Energy Consumers - Anace and other associates, which are challenging in court the tariff components of CDE Uso and CDE Energia quotas, ANEEL by Homologatory Resolutions 1,967/2015, 1,986/2015 and 2,083/2016, ratified the tariff calculation, deducting these charges to the associates of those entities, while the injunctions granted remained effective. 31.4 Copel DIS anual tariff adjustment ANEEL approved the result of Copel DIS's Annual Tariff Adjustment through Homologatory Resolution No. 2,559, dated June 18, 2019, authorizing average adjustment of 3.41% (15.99% in 2018) applied to consumers and whose application occurred in full to tariffs as from June 24, 2019, and for high voltage consumers the adjustment was 4.32%, while for low voltage consumers it was 2.92%. The tariff recomposition includes: 10.54% related to inclusion of financial components; 1.12% resulting from the update of Parcel B (operating costs, depreciation and remuneration); -3.08% related to the updating of Parcel A (energy, transmission and charges); and -5.17% that reflect the withdrawal of financial components from the previous tariff process. |
32 Operating Costs and Expenses
32 Operating Costs and Expenses | 12 Months Ended |
Dec. 31, 2019 | |
Operating Costs And Expenses [Abstract] | |
Operating Costs and Expenses | 32 Operating Costs and Expense Operational costs Selling expenses General and administrative expenses Other operating expenses, net 12.31.2019 Electricity purchased for resale (32.1) (6,105,274) - - - (6,105,274) Charge of the main distribution and transmission grid (1,249,275) - - - (1,249,275) Personnel and management (32.2) (945,312) (13,937) (366,133) - (1,325,382) Pension and healthcare plans (Note 23.3) (169,476) (1,914) (66,936) - (238,326) Materials and supplies (75,417) (289) (6,446) - (82,152) Materials and supplies for power electricity (49,352) - - - (49,352) Natural gas and supplies for gas business (585,233) - - - (585,233) Third-party services (32.3) (433,429) (23,002) (156,690) - (613,121) Depreciation and amortization (1,031,880) (9) (47,228) (14,719) (1,093,836) Credit losses, provisions and reversals (32.4) 33,290 (153,640) - (254,465) (374,815) Construction cost (32.5) (1,091,396) - - - (1,091,396) Other operating costs and expenses, net (32.6) (57,422) (14,269) (90,867) (189,630) (352,188) (11,760,176) (207,060) (734,300) (458,814) (13,160,350) Operational Selling General and Other operating costs expenses administrative expenses expenses, net 12.31.2018 Electricity purchased for resale (32.1) (6,361,178) - - - (6,361,178) Charge of the main distribution and transmission grid (1,176,780) - - - (1,176,780) Personnel and management (32.2) (978,878) (18,460) (360,447) - (1,357,785) Pension and healthcare plans (Note 23.3) (176,102) (2,447) (65,201) - (243,750) Materials and supplies (68,920) (655) (12,182) - (81,757) Materials and supplies for power electricity (19,729) - - - (19,729) Natural gas and supplies for gas business (412,618) - - - (412,618) Third-party services (32.3) (392,869) (23,266) (156,092) - (572,227) Depreciation and amortization (709,575) (15) (26,015) (13,574) (749,179) Credit losses, provisions and reversals (32.4) 18,920 (81,936) - (243,681) (306,697) Construction cost (32.5) (1,052,208) - - - (1,052,208) Other operating costs and expenses, net (32.6) (171,751) (21,930) (103,597) (45,435) (342,713) (11,501,688) (148,709) (723,534) (302,690) (12,676,621) Operational Selling General and Other operating costs expenses administrative expenses expenses, net 12.31.2017 Electricity purchased for resale (32.1) (6,165,450) - - - (6,165,450) Charge of the main distribution and transmission grid (712,030) - - - (712,030) Personnel and management (32.2) (984,011) (20,435) (338,898) - (1,343,344) Pension and healthcare plans (Note 23.3) (175,479) (2,424) (59,694) - (237,597) Materials and supplies (71,535) (968) (10,621) - (83,124) Materials and supplies for power electricity (97,360) - - - (97,360) Natural gas and supplies for gas business (309,542) - - - (309,542) Third-party services (32.3) (386,435) (18,826) (116,254) - (521,515) Depreciation and amortization (686,007) (16) (32,070) (13,506) (731,599) Credit losses, provisions and reversals (32.4) 122,782 (90,478) - (397,843) (365,539) Construction cost (32.5) (1,003,881) - - - (1,003,881) Other operating costs and expenses, net (32.6) (196,942) (35,903) (128,138) (52,967) (413,950) (10,665,890) (169,050) (685,675) (464,316) (11,984,931) 32.1 Electricity purchased for resale 12.31.2019 12.31.2018 12.31.2017 Purchase of Energy in the Regulated Environment - CCEAR 2,880,115 2,599,345 2,693,976 Electric Energy Trade Chamber - CCEE 1,405,497 1,850,021 1,766,091 Itaipu Binacional 1,316,524 1,272,177 1,117,957 Bilateral contracts 754,070 928,741 766,803 Program for incentive to alternative energy sources - Proinfa 268,063 228,295 217,646 Micro and mini generators and repurchase of customers 52,871 12,373 3,892 (-) PIS/Pasep/Cofins taxes on electricity purchased for resale (571,866) (529,774) (400,915) 6,105,274 6,361,178 6,165,450 32.2 Personnel and management 12.31.2019 12.31.2018 12.31.2017 Personnel Salaries and management fees 746,415 794,966 806,119 Social charges on payroll 241,025 261,459 266,183 Meal and education allowance 113,021 113,177 119,881 Provisions for profit sharing (a) 155,544 91,526 68,817 Voluntary retirement program 43,517 69,289 53,468 1,299,522 1,330,417 1,314,468 Management Salaries and management fees 19,867 21,422 22,895 Social charges on payroll 5,745 5,695 5,635 Other expenses 248 251 346 25,860 27,368 28,876 1,325,382 1,357,785 1,343,344 (a) According to Federal Law No. 10,101/2000, State Decree No. 1,978/2007 and State Law No. 16,560/2010. 32.3 Third party services 12.31.2019 12.31.2018 12.31.2017 Maintenance of electrical system 164,572 144,211 135,265 Communication, processing and transmission of data 115,037 115,397 94,230 Maintenance of facilities 105,586 91,872 95,176 Consumer service 55,632 34,502 29,789 Meter reading and bill delivery 45,515 43,968 49,647 Consulting and audit 21,016 41,615 21,589 Other services 105,763 100,662 95,819 613,121 572,227 521,515 32.4 Credit losses, provisions and reversals 12.31.2019 12.31.2018 12.31.2017 Provision for litigations 257,921 219,636 386,373 Impairment of assets Power generation concession contract (Note 10.5) (2,945) (4,758) (1,117) Credits on sales and purchases of gas - - (123,586) Property, plant and equipment - generation segment (Note 17.7) (117,744) (14,162) 1,921 Property, plant and equipment - telecommunications segment (Note 17.8) 87,399 - Expected credit losses (Trade accounts and Other receivables) 153,640 96,202 90,478 Tax credits estimated losses (3,456) 9,779 11,470 374,815 306,697 365,539 32.5 Construction costs 12.31.2019 12.31.2018 12.31.2017 Materials and supplies 548,336 507,899 387,278 Third party services 395,607 400,680 437,788 Personnel 125,777 124,469 143,266 Others 21,676 19,160 35,549 1,091,396 1,052,208 1,003,881 32.6 Other operating costs and expenses, net 12.31.2019 12.31.2018 12.31.2017 Net losses in the decommissioning and disposal of assets (a) 154,628 106,675 58,569 Financial offset for the use of water resources 103,737 105,310 110,971 Taxes 35,319 84,492 87,759 Compensation 66,550 30,949 45,712 Collection charge 51,156 44,682 - Advertising and publicity 29,132 22,135 27,768 Leasing and rent 9,215 40,016 32,037 Gain (loss) on sale of investments - - (28,650) Other net income, costs and expenses (b) (97,549) (91,546) 79,784 352,188 342,713 413,950 (a) Of the total recorded in 2019, R$ 124,067 refer to write-offs of Copel Telecomunicações' fixed assets (Note 17.8). (b) The 2018 balance includes revenue of R$ 72,068 related to reimbursement from suppliers of goods from the wind farms of the Brisa Complex. The 2019 balance includes R$ 97,664 of water rate reversal (TCFRH) |
33 Financial Results
33 Financial Results | 12 Months Ended |
Dec. 31, 2019 | |
Financial Result [Abstract] | |
Financial Results | 33 Financial Results 12.31.2019 12.31.2018 12.31.2017 Financial income Arrears charges on bills 225,956 226,050 191,554 Interest and monetary variation of CRC transfer (Note 8.1) 192,724 214,627 141,923 Return on financial investments 126,510 98,841 114,523 Remuneration of net sectorial assets and liabilities (Note 9.2) 47,378 43,966 20,493 Monetary variation over the Itaipu power purchase 26,332 24,658 17,777 Recognition of tax credit (33.1) 38,434 55,096 - Monetary variation and adjust to present value of accounts payable related to the concession (Note 26.1) 1,462 1,047 10,813 Other financial income 91,445 149,630 202,227 750,241 813,915 699,310 ( - ) Financial expenses Monetary and exchange variation and debt charges 906,952 871,397 993,970 Monetary variation and adjust to present value of accounts payable related to the concession (Note 26.1) 100,455 94,319 65,418 Monetary variation over the Itaipu power purchase 29,547 50,203 12,264 Interest on R&D and EEP (Note 25.2) 24,570 25,407 34,345 Interest and monetary variation of CRC transfer (Note 8.1) 8,495 25,830 51,211 Remuneration of net sectorial assets and liabilities (Note 9.2) 5,753 23,747 29,622 PIS/Pasep/Cofins taxes on interest on capital 71,549 13,636 45,196 Other financial expenses 91,406 147,426 215,724 1,238,727 1,251,965 1,447,750 Net (488,486) (438,050) (748,440) 33.1 Recognition of tax credit The balance of 2019 refers to the PIS/Pasep and Cofins credit on the ICMS recognized by Compagás, according to Note 13.2.1. The balance recorded in 2018 arises from the tax credit recognized by the Brazilian Federal Revenue Service in favor of the Company in the updated amount of R$ 80,226, regarding the disputed tax levy on Pasep from July 1988 to July 1995, in connection with the effects of Federal Senate Resolution 49, of October 9, 1995, which suspended the effects of Decree-Laws 2,445/1988 and 2,449/1988, deemed to be unconstitutional by the Federal Supreme Court. From the total amount recognized, R$ 55,096 were recorded in financial income and R$ 25,129 in other operating income. |
34 Operating Segments
34 Operating Segments | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of operating segments [abstract] | |
Operating Segments | 34 Operating Segments Operating segments are business activities that generate revenues and incur expenses, whose operating results are regularly reviewed by the executive boards of the Company and subsidiaries and by key strategic decision-makers responsible for allocating funds and assessing performance. 34.1 Products and services from which the reportable segments have their revenues generated The Company operates in reportable segments identified by Management, through the chief officers of each business area, taking into consideration the regulatory environments, the strategic business units and the different products and services. These segments are managed separately, since each business and each company require different technologies and strategies. In the period ended December 31, 2019, all sales have been to customers within the Brazilian territory, in addition, all noncurrent assets are also located in the national territory. The Company did not identify any customer who individually accounts for more than 10% of their total net revenue until December 31, 2019. The Company evaluates the performance of each segment, based on information derived from the accounting records. The accounting policies of the operating segments are the same as those described in Note 4. 34.2 Company’s reportable segments The reportable segments of the Company, in accordance with IFRS 8, are: Power generation and transmission (GET) (GER) (TRA) Power distribution (DIS) - Telecommunications (TEL) GAS Power sale (COM) Holding Company (HOL) 34.3 Assets by reportable segment ASSETS Electric Energy TEL GAS HOL Intersegment operations Total 12.31.2019 GET DIS COM TOTAL ASSETS 19,457,551 13,434,522 690,372 1,527,098 904,993 3,183,677 (885,662) 38,312,550 CURRENT ASSETS 2,039,443 4,631,991 229,630 528,754 313,896 1,127,469 (961,987) 7,909,196 NON-CURRENT ASSETS 17,418,108 8,802,531 460,742 998,344 591,097 2,056,208 76,325 30,403,354 Long term assets 5,054,560 3,051,058 460,312 137,770 576,190 1,879,619 (296,879) 10,862,630 Investments 2,371,374 813 247 - - 150,746 - 2,523,179 Property, plant and equipment 9,735,093 - 53 833,974 - 22,983 - 10,592,103 Intangible assets 233,973 5,703,686 123 19,844 - 1,781 373,204 6,332,611 Right-of-use asset 23,108 46,974 7 6,756 14,907 1,079 - 92,831 ASSETS Electric Energy TEL GAS HOL Intersegment operations Total 12.31.2018 GET DIS COM TOTAL ASSETS 18,573,953 12,331,603 227,287 1,264,748 675,286 3,359,407 (502,184) 35,930,100 CURRENT ASSETS 1,722,519 3,971,915 181,077 88,239 204,725 1,214,523 (705,152) 6,677,846 NON-CURRENT ASSETS 16,851,434 8,359,688 46,210 1,176,509 470,561 2,144,884 202,968 29,252,254 Long term assets 4,660,867 2,968,282 43,564 88,798 466,942 1,950,280 (164,473) 10,014,260 Investments 2,212,271 1,343 2,442 - - 152,178 - 2,368,234 Property, plant and equipment 9,728,872 - 51 1,071,489 - 40,251 - 10,840,663 Intangible assets 249,424 5,390,063 153 16,222 3,619 2,175 367,441 6,029,097 34.4 Statement of income by reportable segment STATEMENT OF INCOME Electric Energy TEL GAS HOL Intersegment operations Total GET DIS COM 12.31.2019 GER TRA NET OPERATING REVENUES 3,368,375 871,510 10,401,301 1,810,901 418,030 866,884 - (1,492,727) 16,244,274 Net operating revenues - third-parties 2,233,367 643,596 10,352,690 1,773,765 375,030 865,826 - - 16,244,274 Net operating revenues - between segments 1,135,008 227,914 48,611 37,136 43,000 1,058 - (1,492,727) - OPERATING COSTS AND EXPENSES (1,659,225) (479,538) (9,579,915) (1,608,245) (604,616) (662,306) (59,232) 1,492,727 (13,160,350) Energy purchased for resale (262,288) - (5,424,207) (1,590,272) - - - 1,171,493 (6,105,274) Charges for use of the main transmission grid (451,107) - (1,044,135) - - - - 245,967 (1,249,275) Personnel and management (217,792) (139,662) (822,772) (13,041) (73,890) (36,932) (21,293) - (1,325,382) Pension and healthcare plans (37,955) (25,027) (155,784) (1,481) (11,384) (4,122) (2,573) - (238,326) Materials and supplies (10,987) (3,766) (64,419) (15) (1,955) (217) (793) - (82,152) Raw materials and supplies for generation (50,388) - - - - - - 1,036 (49,352) Natural gas and supplies for gas business - - - - - (585,233) - - (585,233) Third party services (108,309) (38,092) (397,390) (1,718) (87,113) (12,971) (16,734) 49,206 (613,121) Depreciation and amortization (551,576) (12,987) (343,597) (44) (152,863) (30,480) (2,289) - (1,093,836) Provision (reversal) for litigations (45,212) (24,398) (164,705) (156) (14,072) (292) (9,086) - (257,921) Impairment of assets 117,648 - - - - - 3,041 - 120,689 Other estimated losses, provisions and reversals 43,207 (41,350) (137,680) (4) (100,691) (1,063) (2) - (237,583) Construction cost - (175,220) (904,023) - - (12,153) - - (1,091,396) Other operating costs and expenses, net (84,466) (19,036) (121,203) (1,514) (162,648) 21,157 (9,503) 25,025 (352,188) EQUITY IN EARNINGS OF INVESTEES 14,840 85,752 - (280) - - 6,445 - 106,757 PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX 1,723,990 477,724 821,386 202,376 (186,586) 204,578 (52,787) - 3,190,681 Financial income 80,632 20,637 355,152 3,004 20,760 53,625 217,057 (626) 750,241 Financial expenses (457,528) (138,947) (273,909) (220) (53,857) (10,439) (304,453) 626 (1,238,727) OPERATING PROFIT (LOSS) 1,347,094 359,414 902,629 205,160 (219,683) 247,764 (140,183) - 2,702,195 Income tax and social contribution (289,831) (54,695) (201,236) (69,854) 68,644 (74,791) (17,563) - (639,326) NET INCOME (LOSS) 1,057,263 304,719 701,393 135,306 (151,039) 172,973 (157,746) - 2,062,869 STATEMENT OF INCOME Electric Energy TEL GAS HOL Intersegment operations Total GET DIS COM 12.31.2018 GER TRA NET OPERATING REVENUES 3,007,565 904,826 9,972,442 1,341,162 421,408 588,532 - (1,301,155) 14,934,780 Net operating revenues - third-parties 2,116,875 680,567 9,932,267 1,341,162 364,741 582,895 - (83,727) 14,934,780 Net operating revenues - between segments 890,690 224,259 40,175 - 56,667 5,637 - (1,217,428) - OPERATING COSTS AND EXPENSES (1,619,431) (561,850) (9,474,473) (1,354,578) (369,201) (515,594) (57,993) 1,276,499 (12,676,621) Energy purchased for resale (417,918) - (5,577,719) (1,338,473) - - - 972,932 (6,361,178) Charges for use of the main transmission grid (408,347) - (1,012,062) - - - - 243,629 (1,176,780) Personnel and management (214,855) (147,139) (837,728) (13,734) (92,472) (34,896) (16,961) - (1,357,785) Pension and healthcare plans (36,379) (25,884) (159,842) (1,507) (13,892) (3,881) (2,365) - (243,750) Materials and supplies (11,637) (5,054) (60,379) (65) (1,763) (2,110) (749) - (81,757) Raw materials and supplies for generation (25,367) - - - - - - 5,638 (19,729) Natural gas and supplies for gas business - - - - - (412,618) - - (412,618) Third party services (119,668) (33,489) (339,399) (1,700) (91,127) (17,034) (32,311) 62,501 (572,227) Depreciation and amortization (353,916) (11,386) (301,581) (16) (58,209) (22,759) (1,312) - (749,179) Provision (reversal) for litigations 18,059 7,879 (222,057) 9 (12,844) (154) (10,528) - (219,636) Impairment of assets 22,312 - - - - - 1,648 (5,040) 18,920 Other estimated losses, provisions and reversals 55,457 (49,486) (77,985) (935) (12,749) (6,017) (14,266) - (105,981) Construction cost - (277,259) (741,855) - - (13,478) - (19,616) (1,052,208) Other operating costs and expenses, net (127,172) (20,032) (143,866) 1,843 (86,145) (2,647) 18,851 16,455 (342,713) EQUITY IN EARNINGS OF INVESTEES 5,514 123,676 - (15) - - 6,713 - 135,888 PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX 1,393,648 466,652 497,969 (13,431) 52,207 72,938 (51,280) (24,656) 2,394,047 Financial income 119,196 29,163 335,377 6,065 16,808 29,454 305,344 (27,492) 813,915 Financial expenses (517,832) (136,455) (308,319) (104) (41,713) (31,865) (243,169) 27,492 (1,251,965) OPERATING PROFIT (LOSS) 995,012 359,360 525,027 (7,470) 27,302 70,527 10,895 (24,656) 1,955,997 Income tax and social contribution (327,598) (75,361) (148,244) 2,632 (2,853) (10,909) 41,957 8,383 (511,993) NET INCOME (LOSS) 667,414 283,999 376,783 (4,838) 24,449 59,618 52,852 (16,273) 1,444,004 STATEMENT OF INCOME Electric Energy TEL GAS HOL Intersegment operations Total GET DIS COM 12.31.2017 GER TRA NET OPERATING REVENUES 3,176,811 819,623 9,358,664 664,495 380,550 515,563 - (891,133) 14,024,573 Net operating revenues - third-parties 2,851,644 640,199 9,324,633 664,495 306,473 510,010 - (272,881) 14,024,573 Net operating revenues - between segments 325,167 179,424 34,031 - 74,077 5,553 - (618,252) - OPERATING COSTS AND EXPENSES (1,768,390) (546,510) (9,071,359) (654,445) (286,363) (309,213) (139,784) 891,133 (11,884,931) Energy purchased for resale (290,019) - (5,717,970) (654,026) - - - 596,565 (6,065,450) Charges for use of the main transmission grid (352,958) - (554,805) - - - - 195,733 (712,030) Personnel and management (218,456) (122,515) (822,963) (12,993) (107,874) (35,761) (22,782) - (1,343,344) Pension and healthcare plans (38,782) (22,733) (154,285) (1,415) (14,800) (3,577) (2,005) - (237,597) Materials and supplies (12,463) (4,732) (60,320) (27) (2,978) (1,936) (668) - (83,124) Raw materials and supplies for generation (102,719) - - - - - - 5,359 (97,360) Natural gas and supplies for gas business - - - - - (309,542) - - (309,542) Third party services (120,993) (24,609) (347,393) (1,280) (67,612) (22,670) (15,089) 78,131 (521,515) Depreciation and amortization (368,987) (7,201) (285,835) (9) (39,553) (28,753) (1,261) - (731,599) Provision (reversal) for litigations (39,733) (81,210) (168,600) (156) (3,648) 854 (93,880) - (386,373) Impairment of assets 3,886 - - - - 123,586 (4,690) - 122,782 Other estimated losses, provisions and reversals (9,397) 1,107 (83,916) - (8,309) (1,433) - - (101,948) Construction cost - (272,216) (717,351) - - (14,314) - - (1,003,881) Other operating costs and expenses, net (217,769) (12,401) (157,921) 15,461 (41,589) (15,667) 591 15,345 (413,950) EQUITY IN EARNINGS OF INVESTEES (5,777) 93,145 - (564) - - 14,935 - 101,739 PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX 1,302,644 366,258 287,305 9,486 94,187 206,350 (124,849) - 2,141,381 Financial income 73,433 13,313 380,597 6,515 11,828 38,821 186,660 (11,857) 699,310 Financial expenses (565,837) (123,707) (343,540) (322) (30,691) (64,433) (331,077) 11,857 (1,447,750) OPERATING PROFIT (LOSS) 810,240 255,864 324,362 15,679 75,324 180,738 (269,266) - 1,392,941 Income tax and social contribution (191,899) (30,515) 22,893 (2,638) (21,272) (66,785) 15,530 - (274,686) NET INCOME (LOSS) 618,341 225,349 347,255 13,041 54,052 113,953 (253,736) - 1,118,255 34.5 Additions to noncurrent assets by reportable segment Electric Energy TEL GAS HOL Total 12.31.2019 GET DIS COM Contract assets - 917,577 - - 17,590 - 935,167 Property, plant and equipment 522,744 - 14 59,216 - 285 582,259 Intangible assets 4,272 - 3 486 - 271 5,032 Right-of-use asset 33,461 66,621 8 9,950 16,933 402 127,375 IFRS 16 Initial adoption (Note 27.1) 32,919 60,494 - 9,868 14,356 385 118,022 Additions for the period 542 6,127 8 82 2,577 17 9,353 Electric Energy TEL GAS HOL Total 12.31.2018 GET DIS COM Contract assets - 797,832 - - 15,618 - 813,450 Property, plant and equipment 1,160,967 - 4 308,242 - 267 1,469,480 Intangible assets 6,351 - - 1,235 - 3 7,589 Electric Energy TEL GAS HOL Total 12.31.2017 GET DIS COM Property, plant and equipment 1,077,088 - 7 238,944 - 376 1,316,415 Intangible assets 3,996 757,709 101 2,200 13,745 635 778,386 |
35 Financial Instruments
35 Financial Instruments | 12 Months Ended |
Dec. 31, 2019 | |
Financial Instruments [Abstract] | |
Financial Instruments | 35 Financial Instruments 35.1 Categories and determination of fair value of financial instruments Note Level 12.31.2019 12.31.2018 Book value Fair value Book value Fair value Financial assets Fair value through profit or loss Cash and cash equivalents (a) 5 1 2,941,727 2,941,727 1,948,409 1,948,409 Bonds and securities (b) 6 1 2,429 2,429 696 696 Bonds and securities (b) 6 2 279,652 279,652 343,600 343,600 Accounts receivable - distribution concession (c) 10.1 and 10.2 3 1,161,203 1,161,203 1,105,282 1,105,282 Accounts receivable - generation concession (d) 10.5 3 69,182 69,182 65,811 65,811 Fair value in the purchase and sale of power in the active market (e) 12 3 460,635 460,635 14,793 14,793 Other temporary investments (f) 1 15,566 15,566 11,557 11,557 Other temporary investments (f) 2 12,168 12,168 7,954 7,954 4,942,562 4,942,562 3,498,102 3,498,102 Amortized cost Collaterals and escrow accounts (a) 147 147 203 203 Collateral and escrow deposits - STN (g) 21.1 98,433 102,733 89,555 76,524 Trade accounts receivable (a) 7 3,182,567 3,182,567 3,107,006 3,107,006 CRC Transferred to the Paraná State Government (h) 8 1,350,685 1,479,683 1,445,042 1,546,469 Sectorial financial assets (a) 9 473,989 473,989 678,819 678,819 Accounts receivable - concessions - RBSE (c) 10.4 739,269 739,269 753,826 753,826 Accounts receivable - concessions - bonus from the grant (i) 10.3 647,984 738,483 625,772 714,880 6,493,074 6,716,871 6,700,223 6,877,727 Total financial assets 11,435,636 11,659,433 10,198,325 10,375,829 Financial liabilities Fair value in the purchase and sale of power (e) 28 3 251,973 251,973 11,007 11,007 Derivatives fair value - forward contracts 28 3 1,203 1,203 - - 253,176 253,176 11,007 11,007 Amortized cost Sectorial financial liabilities (a) 9 102,284 102,284 96,531 96,531 Ordinary financing of taxes with the federal tax authorities (g) 13.2 18,063 18,001 86,632 84,383 Special Tax Regularization Program - Pert (g) 13.2 497,207 446,448 518,442 469,304 Accounts payable to suppliers (a) 20 1,873,193 1,873,193 1,469,199 1,469,199 Loans and financing (g) 21 3,168,710 3,204,188 4,047,307 4,012,621 Debentures (J) 22 8,540,366 8,540,366 7,518,131 7,518,133 Accounts payable related to concession (k) 26 612,587 694,742 584,163 687,869 Lease liabilities (a) 27 96,604 96,604 - - 14,909,014 14,975,826 14,320,405 14,338,040 Total financial liabilities 15,162,190 15,229,002 14,331,412 14,349,047 Different levels are defined as follows: Level 1 Level 2: assets or liabilities; Level 3: on observable market data. a) Equivalent to their respective carrying values due to their nature and terms of realization. b) Fair value is calculated based on information made c) The criteria are disclosed in Note 4.4 to the financial statements. d) The fair values of generation assets approximate their carrying amounts, according to Note 4.4 of these Financial Statements. e) The fair values of assets and liabilities are equivalent to their carrying amounts according to Note 4.15 of these Financial Statements. f) Investments in other companies, stated at fair value, which is calculated according to the price quotations published in an active market, for assets classified as level 1 and determined in view of the comparative assessment model for assets classified as level 2. g) The cost of the last borrowing taken out by the Company is used as h) The Company based its calculation on the comparison with a long-term and post-fixed National Treasury Bond (NTN-B) maturing on August 15, 2026, which yields approximately 2.97% p.a. plus the IPCA inflation index. i) Receivables related to the concession agreement for providing electricity generation services under quota arrangements, having their fair value calculated by expected cash inflows, discounted at the rate j) Calculated from the Unit Price quotation (PU) for December 31, 2019, obtained from the Brazilian Association of Financial and Capital Markets (ANBIMA), net of unamortized financial cost. k) Actual net discount rate of 8.16% p.a., in line with the Company's estimated rate for long-term projects. 35.2 Financial risk management The Company's business activities are exposed to the following risks arising from financial instruments: 35.2.1 Credit risk Credit risk is the risk of the Company incurring losses due to a customer or counterparty in a financial instrument, resulting from failure in complying with their contractual obligations Exposure to credit risk 12.31.2019 12.31.2018 Cash and cash equivalents (a) 2,941,727 1,948,409 Bonds and securities (a) 282,081 344,296 Pledges and restricted deposits linked (a) 98,580 89,758 Trade accounts receivable (b) 3,182,567 3,107,006 CRC Transferred to the Paraná State Government (c) 1,350,685 1,445,042 Sectorial financial assets (d) 473,989 678,819 Accounts receivable - distribution concession (e) 1,161,203 1,105,282 Accounts receivable - concessions - RBSE (f) 739,269 753,826 Accounts receivable - concessions - Bonus from the grant (g) 647,984 625,772 Accounts receivable - generation concessions (h) 69,182 65,811 Other temporary investments (i) 27,734 19,511 10,975,001 10,183,532 a) The Company manages the credit risk of its assets in accordance with the Management’s policy of investing virtually all of its funds in federal banking institutions. As a result of legal and/or regulatory requirements, in exceptional circumstances the Company may invest funds in prime private banks. b) The risk arises from the possibility that the Company might incur losses resulting from difficulties to receive its billings to customers. This risk is directly related to internal and external factors to Copel. To mitigate this type of risk, the Company manages its accounts receivable, detecting defaulting consumers, implementing specific collection policies and suspending the supply and/or recording of energy and the provision of service, as established in contract and regulatory standards. c) Management believes this credit risk is low because repayments are secured by resources from dividends. d) Management considers the risk of this credit to be reduced, since the agreements signed guarantee the unconditional right to receive cash at the end of the concession to be paid by the Concession Grantor, corresponding to the costs not recovered through the tariff. e) Management considers the risk of this credit to be reduced, since the agreements signed guarantee the unconditional right to receive cash at the end of the concession to be paid by the Concession Grantor, referring to investments in infrastructure not recovered through the tariff. f) Management considers the credit risk reduced to the balance of RBSE assets, even in light of the injunctions that temporarily reduced the RAP to be received, as described in Note 10.4. g) Management considers the risk of such credit to be low, as the contract for the sale of energy by quotas guarantees the receipt of an Annual Generation Revenue - RAG, which includes the annual amortization of this amount during the concession term. h) For the generation concession assets, ANEEL published Normative Resolution 596/2013, which deals with the definition of criteria for calculating the New replacement value (Valor novo de reposição – VNR), for the purposes of indemnification. Management's expectation of indemnification for these assets supports recoverability of the balances recorded, as described in Note 10.5. i) This risk arises from the possibility that the Company might incur losses resulting from the volatility on the stock market. This type of risk involves external factors and has been managed through periodic assessment of the variations occurred in the market. 35.2.2 Liquidity risk The Company's liquidity risk consists of the possibility of having insufficient funds, cash or other financial assets, to settle obligations on their scheduled maturity dates. The Company manages liquidity risk relying on a set of methodologies, procedures and instruments applied to secure ongoing control over financial processes to ensure proper management of risks. Investments are financed by incurring medium and long-term debt with financial institutions and capital markets. Short, medium and long-term business projections are made and submitted to Management bodies for evaluation. The budget for the next fiscal year is annually approved. Medium and long-term business projections cover monthly periods over the next five years. Short-term projections consider daily periods covering only the next 90 days. The Company permanently monitors the volume of funds to be settled by controlling cash flows to reduce funding costs, the risk involved in the renewal of loan agreements and compliance with the financial investment policy, while concurrently keeping minimum cash levels. The following table shows the expected undiscounted settlement amounts in each time range. Projections were based on financial indicators linked to the related financial instruments and forecast according to average market expectations as disclosed in the Central Bank of Brazil's Focus Report, which provides the average expectations of market analysts for these indicators for the current year and for the next 3 years. As from 2024, 2023 indicators are repeated on an unaltered basis throughout the forecast period. Less than 1 to 3 3 months 1 to 5 Over Interest (a) 1 month months to 1 year years 5 years Total 12.31.2019 Loans and financing Note 21 31,783 115,995 308,094 2,063,354 1,666,502 4,185,728 Debentures Note 22 391,329 61,304 1,049,225 7,256,323 1,655,253 10,413,434 Accounts payable related Rate of return + to concession IGP-M and IPCA 6,099 12,198 56,222 336,027 1,389,334 1,799,880 Accounts payable to suppliers - 1,313,913 291,700 127,030 140,550 - 1,873,193 Ordinary financing of taxes with the federal tax authorities Selic 6,037 12,117 - - - 18,154 Special Tax Regularization Program - Pert Selic 4,122 8,282 37,820 219,788 335,681 605,693 Sectorial financial liabilities Selic - - - 108,367 - 108,367 Lease liabilities Note 27 3,485 6,980 31,793 73,515 11,226 126,999 1,756,769 508,576 1,610,184 10,197,923 5,057,996 19,131,448 (a) Effective interest rate - weighted average. As disclosed in Notes 21.5 and 22.3, the Company have loans and financing agreements and debentures with covenants that if breached may have their payment accelerated. 35.2.3 Market risk Market risk is the risk that the fair value or the future cash flows of a financial instrument shall oscillate due to changes in market prices, such as currency rates, interest rates and stock price. The purpose of managing this risk is to control exposures within acceptable limits, while optimizing return. a) Foreign currency risk (US Dollar) This risk comprises the possibility of losses due to fluctuations in foreign exchange rates, which may reduce assets or increase liabilities denominated in foreign currencies. The Company's foreign currency indebtedness is not significant, and it is not exposed to foreign exchange derivatives. The Company monitors all relevant foreign exchange rates. The effect of the exchange rate variation resulting from the power purchase agreement with Eletrobras (Itaipu) is transferred to customers in Copel DIS's next tariff adjustment. The exchange rate risk posed by the purchase of gas arises from the possibility of Compagás reporting losses on the fluctuations in foreign exchange rates, increasing the amount in Reais of the accounts payable related to the gas acquired from Petrobras. This risk is mitigated by the monitoring and transfer of the price fluctuation through tariff, when possible. The Company monitors these fluctuations on an ongoing basis. Sensitivity analysis of foreign currency risk The Company has developed a sensitivity analysis in order to measure the impact of the devaluation of the US dollar on its loans and financing subject to currency risk. The baseline scenario takes into account the existing balances in each account as of December 31, 2019 and the probable scenario assumes a variation in the foreign exchange rate - prevailing at the end of the period (R$/US$ 4.60) based on the median market expectation for 2020 reported in the Central Bank's . Baseline Projected scenarios - Dec.2020 Foreign exchange risk Risk 12.31.2019 Probable Scenario 1 Scenario 2 Financial assets Collaterals and escrow accounts - STN USD depreciation 98,433 13,903 (14,181) (42,265) . 98,433 13,903 (14,181) (42,265) Financial liabilities Loans and financing - STN USD appreciation (108,983) (15,393) (46,487) (77,581) Suppliers Eletrobras (Itaipu) USD appreciation (222,431) (31,416) (94,878) (158,340) Acquisition of gas USD appreciation (79,174) (11,183) (33,772) (56,361) (410,588) (57,992) (175,137) (292,282) In addition to the sensitivity analysis required by CVM Resolution 475/2008, the Company evaluates its financial instruments considering the possible effects on profit and loss and equity of the risks evaluated by the Company's Management on the reporting date for the financial instruments, as recommended by IFRS 7 - Financial Instruments: Disclosure. Based on the equity position and the notional value of the financial instruments held as of December 31, 2019, it is estimated that these effects will approximate the amounts stated in the above table in the column for the forecast probable scenario, since the assumptions used by the Company are similar to those previously described. b) Foreign exchange risk - euro This risk arises from the possibility of loss due to fluctuations in exchange rates affecting fair value of Non-Deliverable Forward (NDF) transactions, whose gains and losses are recognized in the Company's statement of income. Based on the notional amount of 22 million euros outstanding as of December 31, 2019, the fair value was estimated by the difference between the amounts contracted under the respective terms and the forward currency quotations (B3 reference rates), discounted to present value at the fixed rate as of the same date. The liability balance, recorded as of December 31, 2019, is shown in Note 28. Sensitivity analysis of operations with derivative financial instruments The Company developed a sensitivity analysis in order to measure the impact from exposure to fluctuation in exchange rate to Euro (€). The sensitivity analyses were prepared in accordance with CVM Instruction 475/08, considering, for scenarios 1 and 2, 25% and 50% increase or decrease in exchange rates, applied to the forward rate as of December 31, 2019. The results obtained are shown below Exchange rate variation Baseline Projected scenarios 12.31.2019 Scenario 1 Scenario 2 Gains (losses) on operations with derivative financial instruments Increase (1,203) 23,777 48,757 Decrease (1,203) (26,183) (51,163) c) Interest rate and monetary variation risk This risk comprises the possibility of losses due to fluctuations in interest rates or other indicators, which may reduce financial income or financial expenses or increase the financial expenses related to the assets and liabilities raised in the market. The Company has developed a sensitivity analysis in order to measure the impact of variable interest rates and monetary variations on its financial assets and liabilities subject to these risks. Sensitivity analysis of interest rate and monetary variation risk The Company has developed a sensitivity analysis in order to measure the impact of variable interest rates and monetary variations on its financial assets and liabilities subject to these risks. The baseline scenario takes into account the existing balances in each account as of December 31, 2019 while the probable scenario assumes balances reflecting varying indicators (CDI/Selic: 3.25%, IPCA: 2.52%, IGP-DI: 4.93%, IGP-M: 4.83% and TJLP: 5.20%) estimated as market average projections for 2020 according to the Focus Report issued by the Central Bank of Brazil as of April 9, 2020 For the scenarios 1 and 2, deteriorations of 25% and 50%, respectively, were considered for the main risk factor for the financial instrument compared to the rate used in the probable scenario. . Baseline Projected scenarios - Dec.2020 Interest rate risk and monetary variation Risk 12.31.2019 Probable Scenario 1 Scenario 2 Financial assets Bonds and securities Low CDI/SELIC 282,081 9,168 6,876 4,584 Collaterals and escrow accounts Low CDI/SELIC 147 5 4 2 CRC Transferred to the Paraná State Government Low IGP-DI 1,350,685 66,589 49,942 33,294 Sectorial financial assets Low Selic 473,989 15,405 11,553 7,702 Accounts receivable - concessions Low IPCA 2,548,456 64,221 48,166 32,111 Accounts receivable - generation concessions Undefined (a) 69,182 - - - 4,724,540 155,387 116,540 77,693 Financial liabilities Loans and financing Banco do Brasil High CDI (679,976) (22,099) (27,624) (33,149) BNDES High TJLP (2,198,064) (114,299) (142,874) (171,449) BNDES High IPCA (8,288) (209) (261) (313) Banco do Brasil - BNDES Transfer High TJLP (95,807) (4,982) (6,227) (7,473) Caixa Econômica Federal High TJLP (331) (17) (22) (26) Other No risk (77,261) - - - Debentures High CDI/SELIC (6,464,603) (210,100) (262,624) (315,149) Debentures High IPCA (1,950,591) (49,155) (61,444) (73,732) Debentures High TJLP (125,172) (6,509) (8,136) (9,763) Sectorial financial liabilities High Selic (102,284) (3,324) (4,155) (4,986) Ordinary financing of taxes with the federal tax authorities High Selic (18,063) (587) (734) (881) Special Tax Regularization Program - Pert High Selic (497,207) (16,159) (20,199) (24,239) Accounts payable related to concession High IGP-M (563,756) (27,793) (34,741) (41,690) Accounts payable related to concession High IPCA (48,831) (1,231) (1,538) (1,846) . (12,830,234) (456,464) (570,580) (684,697) (a) Risk assessment still requires ruling by the Granting Authority. In addition to the sensitivity analysis required by CVM Resolution 475/2008, the Company evaluates its financial instruments considering the possible effects on profit and loss and equity of the risks evaluated by the Company's Management on the reporting date for the financial instruments, as recommended by IFRS 7 Based on the equity position and the notional value of the financial instruments held as of December 31, 2019, it is estimated that these effects will approximate the amounts stated in the above table in the column for the forecast probable scenario, since the assumptions used by the Company are similar to those previously described. 35.2.4 Electricity shortage risk Approximately 64% of installed capacity in Brazil currently comes from hydroelectric generation, as informed by the Generation Information Bank of ANEEL, which makes Brazil and the geographic region in which we operate subject to unpredictable hydrological conditions, due to non-cyclical deviations of mean precipitation. Unsatisfactory hydrological conditions may cause, among other things, the implementation of comprehensive programs of electricity savings, such as rationalization or even a mandatory reduction of consumption, which is the case of rationing. Since 2014, the reservoirs of the Southeast/Midwest, North and Northeast Brazilian regions have been subject to adverse climate situations, leading agencies responsible for this industry to adopt water resources optimization measures to guarantee fully meeting electricity demand. The Electric Sector Monitoring Committee (CMSE) has maintained the energy deficit risk indicators within the safety margin in short-term projections. The same position is adopted by ONS regarding the risk of deficit in the medium term, as stated in the 2019-2023 Energy Operation Plan - PEN 2019. Although dam storage levels are not ideal, from the standpoint of regulatory agencies, when combined with other variables, such as a slower consumption growth, they are sufficient to keep the risk of deficit within the safety margin established by the National Energy Policy Council (Conselho Nacional de Política Energética - CNPE) (maximum risk of 5%) in all subsystems. 35.2.5 Risk of GSF impacts The Energy Reallocation Mechanism (Mecanismo de Realocação de Energia - MRE) is a system of redistribution of electric power The contracts need to have an energy physical guarantee basis. This is done, especially, through the allocation of power generated received from the MRE or purchase. The GSF is the ratio of the entire hydroelectric generation of the MRE participants to the GF sum of all the MRE plants. Basically, the GSF is used to calculate how much each plant will receive from generation to back up its GF. Thus, knowing the GSF of a given month the company will be able to know if it will need to back up its contracts through purchases. Whenever GSF multiplied by GF is less than the sum of contracts, the company will need to buy the difference in the spot market. However, whenever GSF multiplied by GF is greater than the total contracts, the company will receive the difference to the PLD. The low inflows that have been recorded since 2014, as well as problems with delays in the expansion of the transmission system have resulted in low GSF values, resulting in heavy losses for the companies holding MRE participating hydroelectric projects. For plants with contracts in the Free Contracting Environment - ACL, the main way to manage the low GSF risk is not to compromise the entire GF with contracts, approach currently adopted by the Company. For the contracts in the ACR, Law 13,203/2015 allowed the generators to contract insurance for electricity demand (load), by means of payment of a risk premium. Copel adopted this approach to protect contracts related to energy generated by the Mauá, Santa Clara, Fundão, Baixo Iguaçu and Colíder Thermoelectric Plants and Cavernoso II Small HPP. For the distribution segment, the effects of the GSF are perceived in the costs associated with quotas of Itaipu, of Angra and the plants whose concessions were renewed in accordance with Law 12,783/2013, as well as in the costs of the contracts for power availability with thermoelectric plants. This is a financial risk, since there is guarantee of neutrality of expenses with energy purchases through a tariff transfer. 35.2.6 Risk of non-renewal of concessions - generation and transmission Currently, the extension of energy generation and transmission concessions, achieved by Law No. 9,074/1995, is regulated by Law No. 12,783/2013. Concessions for hydroelectric power generation and electric power transmission may be extended, at the discretion of the granting authority, only once, for a period of up to 30 years. Thermoelectric power generation concessions have an extension term limited to 20 years. The concession operator should request extension of concession at least 60 months before the final contract date or after granting of concessions to hydroelectric power generation and electric power transmission and distribution plants, and of up to 24 months for thermoelectric plants. The Concession Grantor may advance effects of extension by up to 60 months counted as of contract or grant date and may also define initial tariff or revenue . However, in 2019, Decree No. 10,135/2019 was published, which regulated the granting of concession contracts in the electricity sector associated with privatization through sale of control by holder of a public service concession for electricity generation, changing the exploration regime to Independent Power Producer (IPP). According to the Decree, the manifestation of sale of the concession must take place within up to 42 months from the date of the related formal agreement, and any sale must take place within up to 18 months from the concession end date. If sale of control of the venture does not occur within the specified period, the plant must be subject to auction by the granting authority and the same concessionaire can participate in the auction, if it meets the qualification conditions. Copel has 2 plants whose concession ends in the next 5 years. For HPP Governador Bento Munhoz da Rocha Netto (HPP GBM) (1,676 MW), whose concession will end in 2023, the Company has not expressed any interest in extending the concession, as internal studies have shown that the extension through early change of the exploration regime would be economically and financially disadvantageous in relation to exploration of the plant under the current regime until concession end. On March 3, 2020, Copel GeT transferred the concession of HPP GBM to subsidiary F.D.A. Geração de Energia Elétrica S.A. with the purpose of divesting the control of this concessionaire and, thus, allow a new concession grant for 30 years (Note 40.2). With respect to HPP São Jorge, whose concession ends in 2024, Copel did not express interest in the renewal and intends, at the end of the concession, to request ANEEL to convert the granting of concession into granting of registration. Regarding the Figueira HPP concession, expired in March 2019, the Company awaits the conclusion of the related ANEEL procedural steps to execute any amendment to the Concession Agreement. The plant is undergoing a modernization process and will have as direct benefits the improvement in energy efficiency and the reduction of pollutant emissions in the atmosphere, in comparison with the old plant. According to the law, the Company may express its intention to extend the concession of the Apucaraninha HPP in 2020, and the Guaricana and Chaminé HPPs in 2021. If the Company does not express an interest in the extension of the current regime at its final term, be granted to the Company in the condition of registration, and the other concessions, at their final term, must be returned to the Concession Grantor. Copel GeT does not have any transmission concession ending in the next ten years. 35.2.7 Risk on non-renewal of concessions – distributions of electricity The fifth amendment to Copel DIS's concession contract No. 46/1999 imposes economic and financial efficiency covenants and indicators that consider the duration and frequency of service interruptions (DECi and FECi). Failure to comply with the conditions will result in termination of the concession (clause eighteen, subclause one), with due regard for the provisions of the contract, particularly the right to full defense and adversary system. Indicators and penalties Year Indicator Criteria Penalties Until 2020 Economic - financial efficiency and quality 2 consecutive years or at the end of the 5-year period (2020) Extinction of the dividend Quality Indicators 2 consecutive years or 3 times Distribution limitation concession and interest on equity Economic - financial efficiency In 5 years in the base year Capital Increase (a) From the 6th year of (2021) Economic and financial efficiency 2 consecutive years Concession termination Quality Indicators 3 consecutive years (a) Within 180 days from the end of each fiscal year, in the totality of the insufficiency that occurs to reach the Minimum Economic and Financial Sustainability Parameter. Targets defined for Copel Distribuição in the first five years after extension of the concession agreement Quality - limits (a) Quality (Performed) Year Economic and Financial Management Realized DECi (b) FECi (b) DECi FECi 2016 13.61 9.24 10.80 7.14 2017 EBITDA = 0 (c) 661,391 12.54 8.74 10.41 6.79 2018 EBITDA (-) QRR = 0 (d) 550,675 11.23 8.24 10.29 6.20 2019 {Net Debt / [EBITDA (-) QRR]} ≤ 1 / (0.8 * SELIC) (e) 10.12 7.74 9,10 (f) 6,00 (f) 2020 {Net Debt / [EBITDA (-) QRR]} ≤ 1 / (1.11 * SELIC) (e) 9.83 7.24 - - (a) According to Aneel’s Technical Note No. 0335/2015. (b) DECi - Equivalent Time of Interruption Caused by Internal Source per Consumer Unit; and FECi - Equivalent Frequency of Interruption Caused by Internal Source per Consumer Unit. (c) Regulatory EBTIDA adjusted for non-recurring events (Voluntary retirement program, post-employment benefit, provisions and reversals) according to sub-clause six, of the Fifth Amendment to the Concession Agreement. (d) QRR: Regulatory Reintegration Quota or Regulatory Depreciation Expense. This is the value defined in the most recent Periodical Tariff Review (RTP), plus General Market Price Index (IGPM) variation between the month preceding the RTP and the month preceding the twelve-month period of the economic and financial sustainability measurement. (e) Selic: limited to 12.87% p.y. (f) DECi / FECi in 2019: preliminary data 35.2.8 Risk of non-extension of the gas distribution concession As presented in Note 2.1.1, the expiration date of the gas distribution concession of the subsidiary Compagás is under discussion with the concession grantor. In the event of non-extension of the concession, Compagás will be entitled to compensation for investments made in the last 10 years prior to the end of the concession at their depreciated replacement value, according to the contractual clause. 35.2.9 Risk of overcontracting and undercontracting of electricity Under the current regulatory model, the agreement for purchase of electric power by distributors is regulated by Law 10,484/2014 and Decree 5,163/2004, which determine that the purchase of energy must be in the volume necessary to serve 100% of the distributor's market. The difference between the costs remunerated by the tariff and those actually incurred in the power purchases are fully passed on to captive consumers, as long as the distributor presents a contracting level between 100% and 105% of its market. However, if distributors determine contracting levels lower or higher than the regulatory limits, there is the assurance of neutrality if it is identified that such violation derives from extraordinary and unforeseen events that are not manageable by the buyer. Since 2016, the distribution segment has been exposed to a general overcontracting scenario, as most companies determined contracting levels higher than 105%. Considering that several factors that have contributed to this situation are extraordinary and unavoidable by the distributors, such as the involuntary allocation of physical guarantee quotas and the broad migration of consumers to the free market, ANEEL and MME implemented a series of measures aiming at the mitigation of overcontracting. In relation to the contracting of 2019, the scenarios of supply and demand indicate the occurrence of over contracting 105.8% by Copel DIS. Nevertheless, considering that this situation arises mainly from the migration of consumers to the free market, it is considered that the distributor maintains the guarantee of neutrality preserved, since this factor is subject to the recognition of involuntary over contracting. 35.2.10 Gas shortage risk The natural gas market in Paraná is composed of Compagás' consumers (non-thermal market) and the Araucária Thermoelectric Plant (UEG Araucária). This market is supplied by contracts with Petrobras that uses the transportation infrastructure of the Brazil-Bolivia gas pipeline (Gasbol). Compagás has a contract for the supply of natural gas from Bolivia until December 2021, and is making a public bidding for the supply of natural gas as from January 2022. UEG Araucária, on the other hand, negotiates short-term natural gas contracts for not having electricity generated contracted in the regulated environment. In the current situation of the natural gas sector in Brazil, the New Gas Market program is coordinated by the Ministry of Mines and Energy together with the Civil House of the Presidency of the Republic, the Ministry of Economy, the Administrative Council for Economic Defense, the National Petroleum Agency and the Energy Research Company - EPE, whose purpose is to open the natural gas market in order to make it dynamic, competitive, integrated with the electric and industrial sector, with an improved regulation. Within the scope of the New Gas Market, the offer of natural gas already demonstrates growth and diversification, having as alternatives the import of gas from Bolivia, import of liquefied natural gas (LNG) that has a large world offer, use of natural gas from onshore basins and greater use of natural gas from the pre-salt which has large volumes to be extracted. In relation to the transportation network, the changes in regulation to allow access to new agents, the public call of TBG (Gasbol transporter) that establishes a new capacity contracting regime in the gas pipeline and the Gas Pipeline Indicative Plan (PIG) coordinated by EPE, give a vision of better structuring of the sector and adequate planning to meet current and future demands, even though investments are needed for the latter. A possible shortage in gas supply could result in losses to Copel due to a reduction in revenue from the natural gas distribution service provided by |
36 Related Party Transactions
36 Related Party Transactions | 12 Months Ended |
Dec. 31, 2019 | |
Related party transactions [abstract] | |
Related Party Transactions | 36 Related Party Transactions Assets Liabilities Revenue Cost / Expense Related parties / Nature of operation 12.31.2019 12.31.2018 12.31.2019 12.31.2018 12.31.2019 12.31.2018 12.31.2017 12.31.2019 12.31.2018 12.31.2017 Controlling shareholder State of Paraná - - - 190,664 112,196 - - - - - - CRC Transfer (Note 8) 1,350,685 1,445,042 - - 184,229 188,797 90,712 - - - Luz Fraterna 7,478 10,353 - - - - - - - - Tarifa Rural Noturna 7,639 - - - - - - - - - Morar Bem Paraná - - - - - - 1,165 - - - Remuneration and employ social security charges assigned (b) 33 1,248 - - - - - - - - Telecommunication services (c) 16,312 15,788 - - 43,079 41,375 40,396 - - - Meteorological System of Paraná - Simepar (d) - - 185 181 - - - (2,171) (1,559) (1,752) Entities with significant influence BNDES and BNDESPAR - - - 130,204 80,144 - - - - - - Financing (Note 21) - - 2,231,409 2,208,920 - - - (175,461) (131,379) (140,537) Debentures - Compagás (Note 22) - - 11,783 17,651 - - - (1,194) (2,625) (5,242) Debentures - wind farms (Note 22) (f) - - 253,877 268,286 - - - (28,240) (30,316) (30,540) State of Paraná investee - - Sanepar (c) (g) 294 - 311 273 4,710 4,200 3,699 (5,852) (5,227) (1,783) Use of water withdrawn from plants’ reservoirs - 144 - - 480 - - - - - Joint ventures Voltalia São Miguel do Gostoso - mutual - - - - - 294 3,513 - - - Dividends 1,032 1,032 - - - - - - - - Caiuá Transmissora de Energia (c) (h) (i) (j) 256 329 1,512 285 2,792 4,250 3,792 (14,233) (14,869) (13,700) Dividends 4,443 3,316 - - - - - - - - Integração Maranhense Transmissora (i) (j) - - 161 58 - - - (1,938) (1,797) (1,468) Dividends 4,306 6,033 - - - - - - - - Matrinchã Transmissora de Energia (i) (j) - - 829 316 - - - (10,137) (9,514) (6,636) Dividends 31,793 21,470 - - - - - - - - Guaraciaba Transmissora de Energia (i) (j) - - 383 136 - - - (4,853) (4,475) (3,202) Dividends 14,846 15,869 - - - - - - - - Paranaíba Transmissora de Energia (i) (j) - - 638 212 - - - (6,514) (6,595) (3,642) Dividends 5,962 8,544 - - - - - - - - Cantareira Transmissora de Energia (i) - - 467 170 - - - (5,403) (1,618) - Dividends 7,286 1,461 - - - - - - - - Mata de Santa Genebra Transmissão (i) (k) 2,035 5,126 10 - 16,449 6,600 1,950 (340) - - Associates Dona Francisca Energética S.A. (l) 40 - 1,436 1,436 145 - - (16,905) (16,903) (17,031) Foz do Chopim Energética Ltda. (c) (m) 209 193 - - 2,538 2,668 2,063 - - - Dividends - 18,071 - - - - - - - - Acquisition of power plant projects - - - 19,461 - - - - - - Sercomtel S.A. Telecomunicações (c) (n) 4,436 2,226 - - 8,354 8,051 8,153 (21) (4) (4) Key management staff - - Fees and social security charges (Note 32.2) - - - - - - - (25,860) (27,368) (28,876) Pension and healthcare plans (Note 23.3) - - - - - - - (1,560) (1,725) (1,690) Other related parties Fundação Copel (c) 9 20 - - 285 299 316 - - - Administrative property rental - - 14,662 312 - - - (2,520) (15,396) (16,347) Pension and healthcare plans (Note 23.3) - - 1,194,936 968,763 - - - - - - Lactec (c) (o) 4 - 1,507 1,601 746 - - (2,787) (4,026) (15,912) a) Luz Fraterna In March 2018, the amount of R$ 159,274 was settled. The principal interest, fine and monetary restatement, at December 31, 2019, totaled R$ 158,849. For these charges on electricity bills for the period of September 2010 to June 2015, a lawsuit was filed against the State of Paraná on November 5, 2018, relating to the payment of invoices pursuant to State Law 14,087/2003. We highlight that despite the negotiations maintained by Management, seeking to settle this debt, uncertainties still exist regarding the realization of this asset and therefore, in view of this condition, this asset was not recognized, therefore, in accordance with the current accounting standards. For the tax treatment, as determined by the Federal Revenue of Brazil in the Normative Instruction 1,753/2017, the Company has taxed this revenue. Management further emphasizes that it is making all necessary efforts and taking all necessary measures to preserve the Company's interests. The Tarifa Rural Noturna b) c) d) e) f) g) h) i) j) k) l) m) n) o) The relevant transactions with related parties are shown above. Transactions arising from operations in a regulated environment are billed according to the criteria and definitions established by the regulatory agents and other transactions are recorded according to the market prices practiced by the Company. 36.1 Guarantees awarded to related parties Sureties and guarantees granted by Copel to its subsidiaries for financing and debentures are informed in Notes 21 and 22. Copel provided financial guarantees, in the form of corporate guarantee letter, for power purchase agreements made by Copel GeT, in the total amount of R$ 4,005 (R$ 3,246 at December 31, 2018) and made by Copel Energia, in the amount of R$ 21,846 (R$ 79,358 at December 31, 2018). Sureties and guarantees granted by Copel and Copel GeT for financing, debentures and insurance contracts of joint ventures are shown below: Date Final Amount Balance Interest Amount Company Operation issued maturity approved 12.31.2019 % guarantees (1) Caiuá Transmissora (a) Financing 12.23.2013 02.15.2029 84,600 57,542 49.0 5,956 (2) Guaraciaba Transmissora Financing 09.28.2016 01.15.2031 440,000 374,894 49.0 183,698 (3) Guaraciaba Transmissora Debentures 07.15.2018 12.15.2030 118,000 119,561 49.0 58,585 (4) Mata de Santa Genebra Financing 11.30.2017 07.15.2033 1,018,500 1,098,965 50.1 550,581 (5) Mata de Santa Genebra Debentures 04.15.2019 11.15.2030 210,000 202,767 50.1 101,586 (6) Cantareira Transmissora de Energia (a) Financing 12.28.2016 09.15.2032 426,834 453,020 49.0 28,175 (7) Cantareira Transmissora de Energia Debentures 01.09.2018 08.15.2032 100,000 103,374 49.0 50,653 979,234 (a) Guarantee awarded of fixed amount pursuant to the contractual provisions and formal requirements of the financial institution Financial institution (fund provider): Allocation: Guarantees: Operation guarantee: Performance bond Final Amount % endorsement Amount Company maturity Insured Copel GeT endorsement Matrinchã Transmissora 09.30.2020 90,000 49.0 44,100 Guaraciaba Transmissora 04.30.2020 47,000 49.0 23,030 Mata de Santa Genebra 05.31.2020 78,300 50.1 39,228 106,358 |
37 Commitments
37 Commitments | 12 Months Ended |
Dec. 31, 2019 | |
Commitments [Abstract] | |
Commitments | 37 Commitments Commitments related to long-term contracts not yet incurred, and therefore not recognized in the financial statements, are as follows: 12.31.2019 12.31.2018 Energy purchase and transportation contracts 137,279,155 140,638,024 Additions to property, plant and equipment Construction of transmission lines and substations 115,732 214,086 Construction of HPP Colíder power plant - 36,303 Construction of HPP Baixo Iguaçu - 202,668 Construction of Cutia wind farm - 40,392 Construction of SHP Bela Vista 111,481 - Telecommunications works 90,769 115,710 Acquisition of assets for electricity distribution 428,441 528,109 Gas purchase contracts 859,211 1,339,848 |
38 Insurance
38 Insurance | 12 Months Ended |
Dec. 31, 2019 | |
Insurance [Abstract] | |
Insurance | 38 Insurance Details by peril type and effective date of the main insurance policies can be seen below: End Insured Policy of term amount Operational risks - HPP Baixo Iguaçu 05.31.2020 2,233,183 Operational risks - HPP Colíder 11.01.2020 2,166,984 Operational risks - Cutia and Bento Miguel 03.29.2021 2,165,557 Nominated Risks 08.24.2020 2,069,590 Operational risks - UEG Araucária (a) 05.31.2021 684,130 Operational risks - Brisa Potiguar 06.27.2020 890,763 Operational risks - HPP Governador Jayme Canet Junior 11.23.2020 799,290 Fire - owned and rented facilities 08.24.2020 662,791 Operational risks - São Bento 06.27.2020 569,835 Operational risks - Elejor 03.11.2021 302,984 (a) The values of the insured of operating risks - UEG Araucária have been translated from USD into BRL, with the current rate R$4.0307 as of December 31, 2019. In addition to the insurance policies listed above, the Company take out other insurance policies with lower values, such as: Directors and Officers liability (D&O), general civil liability, court award payment guarantee, sundry perils, national and international transportation, life, aircraft and vehicles. The guarantee insurance taken out by the subsidiaries, joint ventures and associates have Copel and/or Copel GeT as guarantor, within the limits of their share of interest in each project. |
39 Additional Information to th
39 Additional Information to the Statement of Cash Flows | 12 Months Ended |
Dec. 31, 2019 | |
Additional Information To Statement Of Cash Flows [Abstract] | |
Additional Information to the Statement of Cash Flows | 39 Additional information to the Statement of Cash Flows 39.1 Transactions not involving cash Among the transactions carried out in the line item Contract assets, specified in Notes 11.1 and 11.2, the acquisitions totaled R$ 1,039,234 (R$ 813,450 on December 31, 2018 and R$ 778,386 on December 31, 2017). Of this amount, R$ 48,068 (R$ 50,927 on December 31, 2018 and R$ 30,312 on December 31, 2017) represent the amount of purchases made in installments and not settled through the end of the reporting period. According to information in Note 17.2, Property, plant and equipment acquisitions totaled R$ 551,162 (R$ 1,455,318 on December 31, 2018 and R$ 1,318,336 on December 31, 2017). Of this amount, R$ 52,446 (R$ 71,454 on December 31, 2018 and R$ 123,268 on December 31, 2017) represent the amount of purchases made in installments and not settled through the end of the reporting period. In December 2018, there was acquisition in installments of the studies and projects denominated PCH Bela Vista and UHE Salto Grande, for the amount of R$ 19,461, with the company Foz do Chopim Energética Ltda., such liability being recorded in accounts payable to suppliers. In 2019, this acquisition was settled through a matching of accounts with the dividend’s receivable from that supplier, which is part of the Company's consolidated investments as associate. As described in note 27.1, the additions and remeasurement adjustment occurred in right-of-use assets totaled R$ 13,237, which were recognized matched against lease liabilities. The mentioned transactions did not involve cash and, for this reason, are not being presented in the statement of cash flows. |
40 Subsequent Events
40 Subsequent Events | 12 Months Ended |
Dec. 31, 2019 | |
Subsequent Events [Abstract] | |
Subsequent Events | 40 Subsequent events 40.1 Performance Prize On February 12, 2020, the Company approved the short-term incentive program, denominated Performance Premium - PPD, of a variable nature, in order to align efforts at different organizational levels with the Company's strategic objectives. This program was developed considering its technical consistency and considering the best market practices, with the support of FIA - Fundação Instituto de Administração, a consulting firm specializing in projects to modernize people management practices in public and private companies. Thus, Copel improves its management by goals and improves its culture of meritocracy, ensuring efficient execution of its strategic plan. Safeguarding the values of the Company, the implementation of this program reflects the commitment assumed by Management with the improvement of operational efficiency of the Copel group and with the highest standards of Corporate Governance, strengthening the cornerstones for continuity and sustainable growth of the business. 40.2 HPP Gov. Bento Munhoz da Rocha Neto On March 3, 2020, Copel GeT filed its registered manifestation with the Ministry of Mines and Energy - MME for inclusion, under the terms of Federal Decree No. 9,271/2018, of its subsidiary SPE F.D.A. Geração de Energia Elétrica. On the same date, this Special Purpose Entity (SPE) signed with ANEEL the concession contract for exploration of HPP Gov. Bento Munhoz da Rocha Neto (“GBM” or “Foz do Areia”), whereby formalizing plant ownership transfer. The purpose of the registered manifestation is to enable a new concession grant for 30 years for HPP Foz do Areia, subject to a process of disposal of control of the respective SPE, pursuant to the provisions of the aforementioned Federal Decree, within a period of up to 18 months before the date of end of the current concession contract, namely September 17, 2023. The transfer of plant`s assets from Copel GeT to F.D.A. Geração de Energia Elétrica was carried out in the first quarter of 2020. 40.3 TPP Araucária – Gas Contract A natural gas supply contract was signed between Petróleo Brasileiro S.A. - Petrobras and GPP Araucária Ltda. - GPPA, for the Araucária Thermoelectric Plant, effective February 21, 2020 to December 31, 2020, with warranty by Copel, which provides for supply of 2,150,000 cubic meters of natural gas per day, without mandatory gas taking. As a result, TPP Araucária will remain available to the National Interconnected System - SIN and may be commissioned at the discretion of the National System Operator (ONS). 40.4 Jandaíra Wind Complex On March 30, 2020, Ministry of Mines and Energy - MME issued Ordinances 140, 141, 142 and 143, which authorized the companies Jandaíra I Energias Renováveis S.A., Jandaíra II Energias Renováveis S.A., Jandaíra III Energias Renováveis S.A. and Jandaíra IV Energias Renováveis S.A., respectively, to establish themselves as Independent Electric Energy Producers, through the implementation and operation of the wind power plants Jandaíra I, Jandaíra II, Jandaíra III and Jandaíra IV. 40.5 Effect of the coronavirus (COVID-19) on the financial statements The Company has constantly assessed the impacts and potential impacts of the Coronavirus (COVID-19) in the administrative and operations and has taken measures to contain the spread of the disease at Company and minimize economic impacts. The expectation of a drop in growth and a recession in some business segments, resulting from the suspension of certain businesses and activities caused by the coronavirus outbreak, affect the performance of the Brazilian economy, with subsequent effects on Copel's operations, mainly impacting the reduction in the demand for electricity, which may expose the energy levels already contracted in the free market and also affect the regulatory limits of contracting in the regulated market. In addition, the Company may have effects resulting from: (i) an increase in defaults, (ii) a reduction in short-term future prices, and (iii) delay in the construction schedule, consequently resulting in a greater impact on the Company's financial results. On April 8, 2020, Provisional Measure No. 950 was issued by Federal Government, which provides for temporary emergency measures for the electricity sector to deal with the state of public calamity, establishing an exemption in energy tariffs, funded by the electricity sector charge Energy Development Account (CDE), for low-income consumers up to the consumption of 220 kWh per month, for a period of three months, and providing resources through a credit operation destined to provide financial relief to electricity distributors. It should be noted that the provisional measure does not reach the free market energy contracts. Copel may have an impact on collection from the free market, due to the reduction in contracted volumes, or the postponement of the expiration of its customers' energy bills. Eventual temporary and emergency measures by the Federal Government should not reach the free energy market, which should seek bilateral negotiations or have the situation arbitrated by the Judiciary. In relation to the captive market, Copel estimates that in the short term there will be a reduction in revenue and collection of receivables from the supply of energy, as well as a possible increase in the default of large customers, served by high voltage, and also of the class of commercial consumption, as a result of the extension of the social distancing policy. In the medium term, the effects can be extended to other consumption classes, especially residential. A possible increase in consumer defaults, coupled with the drop in tax collection and the stoppage of several commercial and industrial activities resulting from social isolation measures may adversely affect the Company's financial and economic results. Eventually, with the reduction in energy consumption, the Company may be in a position higher than the permitted regulatory limit for overcontracting of electricity. Copel has followed the electricity demand projections issued by official bodies in the electricity sector, which already show signs of retraction in 2020, strongly impacted by the decrease in consumption in the commercial and industrial segments. This decrease has caused notifications by energy buyers, under the perspective and allegation of fortuitous circumstances and force majeure generated by the Covid-19 pandemic, requiring a reduction in the amounts of energy contracts and / or installments of falling bills. Forced by the retraction of the electricity demand, the PLD and GSF projections for the remainder of 2020 already show a reduction in relation to the projections prior to the establishment of the state of public calamity caused by the Covid-19 pandemic. Another point of attention is the possible impacts on the implementation schedule of generation and transmission projects, or even on the availability of existing assets resulting from local actions that prevent access to facilities or problems with suppliers in the sector, also affected by the crisis . In order to monitor and mitigate the impacts and consequences in the main activities, the Company established a contingency commission and has been constantly monitoring its contracts, the liquidity of the energy market and the short-term price, as well as the negotiations with the Regulatory Agency of the Brazilian Electricity Sector for the implementation of guidelines that guarantee the maintenance of economic and financial sustainability of the entire chain of generation, transmission, sale and distribution of electric energy. To guarantee the fulfillment of financial commitments and preserve the working capital required for operations throughout the crisis period, the Company considers the possibility of raising external resources and the cash relief obtained with possible structural measures by the government and other sectorial institutions and, at the same time, works internally with actions to reduce expenses and postpone investments. It should be noted, however, that there has been no material impact on its business that could modify the measurement of its assets and liabilities presented in the financial statements on December 31, 2019 and up to the date of this publication. 40.6 Solar Paraná GD Participações S.A, On March 17, 2020, the Company's Board of Directors unanimously approved the acquisition of a 49% interest in six distributed generation photovoltaic projects, which total an installed capacity of 5.36MW, called Complexo Bandeirantes. The company called Solar Paraná GD Participações S.A. will be the holding company for these projects. Copel expects to invest around R$ 10,500, with disbursement until September 2020. 40.7 Caiuá Transmissora de Energia S.A, On April 22, 2020, the capital contribution in the total amount of R$ 18,169 in Caiuá Transmissora de Energia S.A, was approved by the Extraordinary General Meeting, of which R$ 8,903 will be paid by Copel Geração e Transmissão SA, corresponding to its 49% of percentage of interest in Company. The amount of the contribution will be allocated to the payment of deferred taxes resulting from the change in Caiuá's tax regime, from Real Profit to Presumed Profit. |
41 Condensed Unconsolidated Fin
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel | 12 Months Ended |
Dec. 31, 2019 | |
Condensed Unconsolidated Financial Information Of Companhia Paranaense De Energia - Copel [Abstract] | |
Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel | 41 Condensed unconsolidated financial information of Companhia Paranaense de Energia - Copel Since the condensed unconsolidated financial information required by Rule 12-04 of Regulation S-X is not required under IFRS issued by the International Accounting Standards Board - IASB, such information was not included in the original financial statements filed with the Brazilian Securities and Exchange Commissions – CVM in March, 25, 2020. In order to attend the specific requirements of the Securities and Exchange Commission (the “SEC”), Management has incorporated the condensed unconsolidated information in these financial statements as part of the Form 20-F. The condensed unconsolidated financial information of Companhia Paranaense de Energia - Copel, presented herein were prepared considering the same accounting policies as described in Note 3 and 4 to Company’s consolidated financial statements. (a) Condensed statements of financial position as of December 31, 2019 and 2018 ASSETS 12.31.2019 12.31.2018 CURRENT ASSETS Cash and cash equivalents 25,304 315,003 Bonds and securities 90 123,560 Collaterals and escrow accounts - 129 Dividends receivable 760,719 519,100 CRC transferred to the Paraná State Government 219,236 190,876 Other current receivables 1,068 7,027 Income tax and social contribution receivable 5,876 6,130 Other current recoverable taxes - 321 Prepaid expenses 95 40 Receivable from related parties 6,039 8,134 1,018,427 1,170,320 NONCURRENT ASSETS Long Term Assets Other temporary investments 27,734 19,511 CRC transferred to the Paraná State Government 1,131,449 1,254,166 Judicial deposits 124,219 131,840 Other noncurrent receivables 7,444 7,444 Income tax and social contribution receivable 123,951 148,140 Deferred income tax and social contribution 154,364 147,368 Other noncurrent recoverable taxes 87,597 86,110 Receivable from related parties 108,983 104,751 1,765,741 1,899,330 Investments 17,286,220 16,070,567 Property, plant and equipment 1,143 996 Intangible assets 1,321 1,593 Right-of-use asset 271 - 19,054,696 17,972,486 TOTAL ASSETS 20,073,123 19,142,806 LIABILITIES 12.31.2019 12.31.2018 CURRENT LIABILITIES Payroll, social charges and accruals 8,437 6,747 Accounts payable to related parties 696 755 Accounts payable to suppliers 3,956 2,731 Income tax and social contribution payable 1,811 - Other taxes due 120 152 Loans and financing 39,628 129,401 Debentures 315,008 941,677 Dividend payable 588,563 354,203 Post-employment benefits 378 87 Lease liability 158 - Other accounts payable 116 135 958,871 1,435,888 NONCURRENT LIABILITIES Accounts payable to related parties 145 - Other taxes due 2,817 2,602 Loans and financing 746,075 773,984 Debentures 797,713 596,403 Post-employment benefits 8,658 4,867 Lease liability 125 - Other accounts payable 1,434 3,957 Provisions for legal claims 304,871 292,180 1,861,838 1,673,993 EQUITY Attributable to controlling shareholders Capital 10,800,000 7,910,000 Equity valuation adjustments 591,927 785,610 Legal reserve 1,014,248 914,751 Profit retention reserve 4,846,239 6,422,564 17,252,414 16,032,925 TOTAL LIABILITIES & EQUITY 20,073,123 19,142,806 (b) Condensed statements of operations for the years ended December 31, 2019, 2018 e 2017 12.31.2019 12.31.2018 12.31.2017 Operational expenses / income General and administrative expenses (59,907) (67,292) (59,601) Other operational income (expenses) 1,244 11,696 (68,788) Equity in earnings of investees 2,089,308 1,356,375 1,291,434 2,030,645 1,300,779 1,163,045 PROFIT BEFORE FINANCIAL RESULTS AND TAXES 2,030,645 1,300,779 1,163,045 Financial results Financial income 209,679 301,729 181,312 Financial expenses (235,033) (238,355) (327,855) (25,354) 63,374 (146,543) OPERATING PROFIT 2,005,291 1,364,153 1,016,502 INCOME TAX AND SOCIAL CONTRIBUTION Current (21,195) (2,083) (36,803) Deferred 5,850 44,993 53,927 (15,345) 42,910 17,124 NET INCOME 1,989,946 1,407,063 1,033,626 BASIC AND DILUTED NET EARNING PER SHARE ATTRIBUTED TO CONTROLLING SHAREHOLDERS - Expressed in Brazilian Reais Common shares 6.94344 4.91091 3.60754 Class "A" Preferred shares 9.11525 5.40201 3.96830 Class "B" Preferred shares 7.63812 5.40201 3.96830 (c) Condensed statement of comprehensive income for the years ended December 31, 2019, 2018 e 2017 12.31.2019 12.31.2018 12.31.2017 NET INCOME 1,989,946 1,407,063 1,033,626 Other comprehensive income Items that will never be reclassified to profit or loss Gain (losses) on actuarial liabilities Post employment benefits (3,371) (408) 18 Post employment benefits - equity (120,358) (38,245) (29,567) Taxes on other comprehensive income 1,146 139 (7) Items that may be reclassified to profit or loss Adjustments related to financial assets - - 11,661 Adjustments related to financial assets - equity - - 9,554 Taxes on other comprehensive income - - (3,965) Realization - gain on financial assets, net of tax - - (9,355) Realization - gain on financial assets - equity - - (9,554) Subsidiary loss with interest variation (4,874) - - Total comprehensive income, net of taxes (127,457) (38,514) (31,215) TOTAL COMPREHENSIVE INCOME 1,862,489 1,368,549 1,002,411 (d) Condensed statements of cash flows for the years ended December 31, 2019, 2018 and 2017 12.31.2019 12.31.2018 12.31.2017 CASH FLOWS FROM INVESTMENT ACTIVITIES 688,443 653,230 440,406 CASH FLOWS FROM INVESTMENT ACTIVITIES Financial investments 115,376 (124,254) 24 Loans and financing granted to related parties (24,410) (192,445) (251,856) Receipt of loans and financing granted to related parties 24,512 560,877 124,122 Disposal of investments - - 397,572 Additions in investments (271,968) (608,934) (574,347) Capital reduction of investees - 45,000 170,000 Additions to property, plant and equipment (285) (267) (282) Additions to intangible assets (271) (3) (499) NET CASH USED IN INVESTING ACTIVITIES (157,046) (320,026) (135,266) CASH FLOWS FROM FINANCING ACTIVITIES Loans and financing obtained from third parties - - 77,000 Issue of Debentures 500,000 600,000 520,000 Issue of loans with related parties 48,000 - - Amortization of principal - loans and financing (115,500) (77,000) (83,000) Amortization of principal - debentures (853,400) (333,300) (333,300) Amortization of loans obtained from related parties (48,000) - - Amortization of principal - Lease liabilities (141) - - Dividends and interest on own capital paid (352,055) (264,734) (475,103) NET CASH USED IN FINANCING ACTIVITIES (821,096) (75,034) (294,403) TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS (289,699) 258,170 10,737 Cash and cash equivalents at the beginning of the period 315,003 56,833 46,096 Cash and cash equivalents at the end of the period 25,304 315,003 56,833 CHANGE IN CASH AND CASH EQUIVALENTS (289,699) 258,170 10,737 During the years ended December 31, 2019, 2018 and 2017, we received R$ 777,651 (of which R$ 650.830 by consolidated subsidiaries and R$ 126,821 of unconsolidated investees ) (of which R$ 588,540 by consolidated subsidiaries and R$ 20,679 of unconsolidated investees), R$ 669,179 (of which R$ 639,796 by consolidated subsidiaries and R$ 29,463 of unconsolidated investees) · Related Parties 12.31.2019 12.31.2018 Assets Copel Distribuição 108,983 104,751 Investees and Subsidiaries - Structure sharing 6,039 8,134 115,022 112,885 Liabilities Investees and Subsidiaries - Structure sharing 696 755 Elejor advance 145 - 841 755 · Investments 12.31.2019 12.31.2018 Copel Geração e Transmissão 9,749,705 8,911,964 Copel Distribuição 6,012,246 5,908,755 Copel Telecomunicações 710,128 638,873 Copel Energia 243,123 83,468 Compagas 284,747 221,654 UEG Araucária 64,094 74,132 Other investments 71,431 79,542 17,135,474 15,918,388 The information regarding joint ventures, associates and other investments are presented in note 16.1 – Changes in investments. · Dividends receivable 12.31.2019 12.31.2018 Investees and subsidiaries Copel Geração e Transmissão 464,450 368,950 Copel Distribuição 266,050 89,486 Copel Telecomunicações - 29,260 Copel Comercialização 88 - Compagas 22,531 9,996 Elejor - 13,358 UEG Araucária 6,143 6,143 Joint Ventures Voltália 1,032 1,032 Other investments 425 875 760,719 519,100 · Reserve for risks 12.31.2019 12.31.2018 Regulatory 17,357 16,176 Labor 1,957 588 Civil 150,529 142,773 Tax Claim 135,028 132,643 304,871 292,180 Restriction of transfer of funds from subsidiaries - The subsidiaries described below qualify as either concessionaires of public services or independent power producers. As such, any transfer of funds to the respective parent company, in the form of loans or advances, requires approval by ANEEL. This regulatory restriction does not apply to cash dividends determined in accordance with the Brazilian Corporate Law. As of December 31, 2019 and 2018, total restricted subsidiaries net assets are composed as follows: 12.31.2019 12.31.2018 Copel Geração e Transmissão S.A. 9,749,705 8,911,964 Copel Distribuição S.A. 6,012,244 5,908,755 UEG Araucária Ltda. 315,740 370,662 Centrais Elétricas Rio Jordão - Elejor 42,859 53,977 16,120,548 15,245,358 The following table shows the expected undiscounted settlement values of the liabilities, in each time range: Interest (a) Less than 1 month 1 to 3 months 3 months to a year 1 to 5 years Over 5 years Total 12.31.2019 Loans and financing Note 21 - 47,209 27,273 800,135 - 874,617 Debentures Note 22 318,774 - 28,433 840,228 - 1,187,435 Suppliers 3,956 - - - - 3,956 Lease liabilities Note 27 15 29 131 142 - 317 322,745 47,238 55,837 1,640,505 - 2,066,325 (a) Effective interest rate - weighted average. |
4 Significant Accounting Poli_2
4 Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2019 | |
Significant Accounting Policies [Abstract] | |
Basis of consolidation | 4.1 Basis of consolidation 4.1.1 Calculation of equity in earnings of investees Investments in joint ventures and associate are recognized in the consolidated financial statements based on the equity method. Under this method, investments are initially recorded at cost and their carrying amount is increased or decreased by the recognition of the investor's interest in profit, loss and other comprehensive income generated by investees after acquisition. This method must be discontinued from the date the investment ceases to qualify as a jointly controlled or associated company. Payment of dividends decreases the carrying value of investments . When required, for calculation of equity in earnings of investees, the investees' financial statements are adjusted to align their policies with the Company's accounting policies . 4.1.2 Subsidiaries The subsidiaries are entities to which the Company is exposed to or has a right over the variable returns arising from its involvement with them and has the ability to affect those returns exerting its power over the entities. The financial statements of the subsidiaries are included in the consolidated financial statements as from the date they start to be controlled by the Company until the date such control ceases. The balances of the subsidiaries’ assets and liabilities, and profit or loss, are consolidated and transactions between consolidated companies are eliminated. 4.1.3 Noncontrolling interests Noncontrolling interests are presented in equity, separately from the equity attributable to the Company's shareholders. Profits, losses and other comprehensive income are also allocated separately from the ones allocated to the Company's shareholders, even if this procedure results in negative noncontrolling interest balance. 4.1.4 Joint ventures and associates Joint ventures are entities over which the Company, subject to an agreement, has the ability to affect returns exerting its power in conjunction with other parties, irrespective of the percentage of interest in the voting capital. Associates are entities over which the Company exerts significant influence regarding financial and operational decisions, without control. When the share in losses of a joint venture or associate equals or exceeds the accounting balance of the investor’s equity interest in the investee, the investor should discontinue the recognition of its share in future losses. Additional losses will be considered, and a liability will be recognized, only if the investor incurs legal or constructive obligations, or performs payments on behalf of the investee. Should the investee subsequently post profits, the investor should resume the recognition of its interest in these profits only subsequent to the point at which the portion to which it is entitled to in these subsequent profits equals its share in unrecognized losses. 4.1.5 Joint operations (consortiums) Joint operation is a joint business according to which parties that jointly control the business have rights on assets and obligations regarding liabilities related to the business. Joint operations are recorded in proportion to the share of interest held in their assets, liabilities and profit or loss. 4.1.6 Business combination The acquisition analysis is done on a case-by-case basis to determine whether the transaction represents a business combination or an asset purchase. Transactions between companies under common control do not constitute a business combination. Assets and liabilities acquired in a business combination are accounted for using the acquisition method and are recognized at their fair value at the acquisition date. The excess of the acquisition cost over the fair value of the net assets acquired (identifiable assets acquired, net of assumed liabilities) is recognized as goodwill in intangible assets. When the amount generated is negative, the bargain purchase gain is recognized directly in profit or loss. The amount paid that refers specifically to the concession right acquired in a business combination where the acquired entity is a concession operator, whose right to the concession has a known and defined term, is not characterized as goodwill. In acquisitions of interests in affiliates and in joint ventures, although they do not constitute a business combination, the net assets acquired are also recognized at fair value. Goodwill is presented in the investment. |
Financial instruments | 4.2 Financial Instruments Financial instruments are recognized immediately on the trade date, that is, when the obligation or right arises. They are initially recorded at fair value, unless it is a trade receivable without a significant financing component, plus, for an item not measured at fair value through profit or loss, any directly attributable transaction costs. An accounts receivable from customers without a significant component of financing is initially measured at the price of the transaction. Fair values are determined based on market prices for financial instruments with active market, and by the present value method of expected cash flows, for those that have no quotation available in the market. The Company does not have financial instruments measured at fair value through other comprehensive income. The Company operates with derivative financial instruments as described in Financial assets are not reclassified subsequent to initial recognition, unless the Company changes the business model for the management of financial assets, in which case all affected financial assets are reclassified on the first day of the reporting period subsequent to the change in business model. The Company's financial instruments are classified and measured as described below. 4.2.1 Financial assets recorded at fair value through profit or loss Financial assets recorded at fair value through profit or loss include assets classified as held for trading, financial assets designated upon initial recognition as at fair value through profit or loss or financial assets required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of being sold or repurchased in the near term. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. After initial recognition, transaction costs and attributable interest expenses, when incurred, are recognized through profit or loss. 4.2.2 Financial assets measured at amortized cost These are so classified and measured when: (i) the financial asset is maintained within a business model whose objective is to maintain financial assets in order to receive contractual cash flows; and (ii) the contractual terms of the financial asset give rise, on specified dates, to cash flows that exclusively comprise payments of principal and interest on the principal amount outstanding. 4.2.3 Financial liabilities measured at amortized cost Financial liabilities are measured at amortized cost using the effective interest method. This method is also used to allocate interest expense of these liabilities for the period. The effective interest rate is the rate that discounts estimated future cash flows (including fees paid or received that form an integral part of the effective interest rate, transaction costs and other premiums or discounts) over the expected life of the financial liability or, when appropriate, over a shorter period, for the initial recognition of the net carrying amount. 4.2.4 Financial liabilities measured at fair value through Profit or Loss These are liabilities designated upon initial recognition as at fair value through profit or loss and those classified as held for trading. Financial liabilities designated fair value through profit or loss are stated at fair value with the respective gains or losses in fair value recognized in the statement of income. Net gains or losses recognized in profit or loss include the interest paid on the financial liability. 4.2.5 Derecognition of financial assets and liabilities The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. The Company derecognizes financial liabilities only when its obligations are discharged, cancelled or settled. The difference between the carrying amount of the derecognized financial liability and the corresponding disbursement made, or to be made, is recorded to profit or loss. |
Net sectorial financial assets and liabilities | 4.3 Net sectorial financial assets and liabilities According to the amendment to the concession agreement of distribution companies, the Company records changes in sectorial financial assets and liabilities, until the next tariff adjustment/review process, when the Concession Grantor approves the transfer as components of the power tariff and thus, it passes the adjustment on to consumers in the next tariff cycle, which occurs on June 24 of each year. The balances of the net sectorial financial assets and liabilities comprise: a) Parcel A Variation Compensation Account - CVA, which records the variation between estimated and actual energy purchase and transmission costs and sector charges, and b) financial items, which correspond to energy over-contracting, neutrality of charges and other rights and obligations included in the tariff. After approval of the Annual Tariff Adjustment and Periodic Tariff Review, the new tariff applied for the tariff year provides for the collection or return of the constituted assets and liabilities. In the event of termination of the concession for any reason, the residual values of Part A items and other financial components not recovered or returned through tariff are incorporated in the calculation of compensation or deducted from unamortized assets indemnity values, thus protecting rights or obligations of the distribution company to the Concession Grantor. |
Accounts receivable related to the concession | 4.4 Accounts receivable related to the concession Refer to financial assets of the concessions with unconditional right to receive cash by the Company, guaranteed by the Concession Grantor by contractual clause and specific legislation. 4.4.1 Power distribution service concession The concession agreement for electricity distribution provides that the users of the public service remunerate part of the investments made by the concessionaire and the Concession Grantor at the end of the concession indemnifies the other party. This model provides for the recognition of financial assets, contract assets in the construction period and intangible assets. The portion recognized as financial asset refers to the indemnity set forth in the public power distribution service concession agreements, which the Company understands as an unconditional right to cash payments from the Concession Grantor upon expiration of the concession. This indemnification aims to reimburse the Company for investments made in infrastructure, without recovery, through the tariff. The cash flows related to these assets are determined taking into account the Regulatory Compensation Basis (Base de Remuneração Regulatória or BRR), defined by the Concession Grantor. The methodology of the BRR is based on the replacement cost of the assets that make up the power distribution infrastructure related to the concession. 4.4.2 Piped gas distribution service concession Gas concession agreement follows the bifurcated model, whereby part of the investments made by the concession operator is paid by users of the public service and the other part is indemnified by the Concession Grantor, the State of Paraná, at the end of the concession. This model provides for recognition of a financial asset, a contract asset in the construction period and an intangible asset. The amount recognized as a financial asset is the amount that will be indemnified by the Concession Grantor corresponding to the investments made in the last ten years prior to the end of the concession as foreseen in the agreement and that, according to Management, assures the unconditional right to receive cash at the end of the concession. The indemnity assumption is based on the replacement cost of the concession assets. 4.4.3 Bonus for the grant of quota system generation concession agreement The quota system generation concession agreement provides for the payment of a bonus for the grant to the Concession Grantor, pursuant to paragraph 7 of article 8 of Law 12,783/2013. This bonus is recognized as a financial asset because it represents an unconditional right to receive cash, guaranteed by the Concession Grantor during the term of the concession and without risk of demand. The remuneration of this financial asset is based on the Weighted Average Cost of Capital - WACC defined by the National Energy Policy Council (CNPE) in Resolution 2/2015, which is being presented in the statement of income as operating revenue in accordance with the Company's business model. 4.4.4 Transmission concession – Reassessment of assets of the Basic Network of the Existing System Refers to the right to reimbursement of the Concession Agreement No. 060/2001 arising from the Annual Revenue Allowed not received in the period from January 2013 to June 2017. The balance includes monetary adjustment and interest rates (Note 10.4). 4.4.5 Concession of power generation The Company has operated and operates concession agreements for power generation that contain indemnification clauses for the infrastructure not depreciated, amortized and/or received during the concession term. After maturity, the residual balance of the assets is transferred to Accounts receivable related to the concession. At the end of each reporting period, Management evaluates the recoverability of the asset, remeasuring its cash flow based on its best estimate. |
Contract assets | 4.5 Contract assets Represented by the construction in progress or in service of the infrastructure delegated by the Concession Grantor, conditional upon the receipt of revenue not only by the passage of time, but after fulfilling the performance obligation to maintain and operate the infrastructure. 4.5.1 Power distribution service concession Represents the concessionaire's contractual right related to the works under construction to meet the needs of the concession, accounted for at cost plus financial charges, when applicable. When the assets are put into operation, the assets are transferred to the intangible asset, in the amount equivalent to what will be remunerated by the user through payment of the fee for the use of the services, or to the accounts receivable associated to the concession, in the amount equivalent to the residual portion of the assets not amortized, which will be reverted to the Concession Grantor through indemnification at the end of the concession. 4.5.2 Power gas distribution service concession Construction in progress for the distribution of piped gas which will be transferred to intangible assets upon their entry in operation and to the extent that the right (authorization) is received to charge the users of the public service. The amount that will not be amortized within the term of the concession is presented in financial assets, indemnified at the end of the concession by the Concession Grantor according to contractual definition. 4.5.3 Power transmission concession Represents the balance of public electricity transmission contracts signed with the Concession Grantor to build, operate and maintain the high voltage lines and substations of the generation centers up to the distribution points. During the term of the concession agreement, the Company receives, subject to its performance, a remuneration denominated Annual Revenue Allowance (RAP) that remunerates the investments made in the construction of the infrastructure and covers also, the costs of operation and maintenance incurred. After the start of the commercial operation, this revenue is recognized, monthly, in the statement of income to the extent that the operation and maintenance service are provided, and the portion of the revenue recognized in the construction phase, referring to the remuneration of the constructed assets. This amount invoiced is reclassified to trade accounts receivable line item until their actual receipt. The assets arising from the construction of the transmission infrastructure are formed by the recognition of construction revenue (Note 4.13) and by their financial remuneration (Note 4.12.2). Upon expiration of the concession, any uncollected amounts related to the construction of infrastructure shall be received directly from the Concession Grantor, as an unconditional right to cash reimbursement pursuant to the concession agreement, as compensation for investments made and not recovered through tariffs (RAP). |
Accounts payable related to the concession | 4.6 Accounts payable related to the concession These refer to the amounts set forth in the concession agreement in connection with the right to explore hydraulic power generation potential (onerous concession), whose agreement is signed as Use of Public Property (Uso do Bem Público or UBP) agreements. The asset is recognized on the date of signature of the concession agreement corresponding to the present value of future cash payments for the concession. The liability is then remeasured using the effective interest rate and reduced by contractual payments. |
Inventories (including property, plant and equipment and contract assets) | 4.7 Inventories (including property, plant and equipment and contract assets) Materials and supplies in inventory, classified under current assets, and those assigned for investments, classified under property, plant and equipment, and contract assets, have been recorded at their average acquisition cost. Recorded amounts do not exceed their net realizable value. |
Property, Plant and Equipment | 4.8 Property, Plant and Equipment The property, plant and equipment related to the public service concession agreement are depreciated according to the straight-line method based on annual rates set forth and reviewed periodically by ANEEL, which are used and accepted by the market as representative of the economic useful lives of the assets related to concession's infrastructure. Property, plant and equipment related to contracts for the use of public property under the independent electricity producer scheme are depreciated based on annual rates established by ANEEL limited to the concession period. All other property, plant and equipment are depreciated using the straight-line method based on estimates of their useful lives, which is reviewed annually and adjusted if necessary. Costs directly attributable to construction works as well as interest and financial charges on borrowings from third parties during construction are recorded under property, plant and equipment in progress, if it is probable that they will result in future economic benefits for the Company. |
Intangible Assets | 4.9 Intangible Assets These comprise software acquired from third parties and software developed in-house and are measured at acquisition cost and amortized over five years, besides Intangible assets from Concession Agreements below. 4.9.1 Onerous concession of electric power generation Corresponds to acquisition of exploration rights on hydropower potential whose onerous concession contract is signed as Use of Public Property - UBP. During construction work, this asset is recognized at the present value of future cash disbursements during the Concession Agreement term. When commercial operation starts, the amount starts to be amortized over the concession period. 4.9.2 Hydrological risk renegotiation (Generation Scaling Factor - GSF) Asset consisting of the renegotiation of the hydrological risk under the terms of Law No. 13,203/2015, arising from the excess amount between the amounts recovered from the cost with the adjustment of the Energy Reallocation Mechanism - MRE (GSF), subtracted from the total cost of the risk premium to be amortized over the energy supply period in the regulated environment. The amount was transformed by ANEEL into an extension of the concession period, which is amortized on a straight-line basis as from January 1, 2016 until the end of the new concession period, according to note 14.1. 4.9.3 Power distribution service concession This comprises the right to control infrastructure, built or acquired as part of the electric energy public service concession, and the right to charge fees to the users of the public service. Intangible assets are recorded at their fair acquisition and construction value, less accumulated amortization and impairment losses, when applicable. The amortization of intangible assets reflects the pattern in which it is expected that future economic benefits will flow to the Company during the concession period. During the infrastructure construction phase costs are classified as contract assets (Note 4.5). 4.9.4 Piped gas distribution service concession Intangible assets for piped gas distribution services, which correspond to the right to charge users for the gas supply. This intangible asset was initially recognized at acquisition or construction cost, plus interest and other capitalized finance charges. This asset is amortized using the straight-line basis over its estimated useful life, considering the economic benefits generated by intangible assets. During the infrastructure construction phase, costs are classified as contract assets (Note 4.5). 4.9.5 Intangible assets acquired separately Intangible assets with a finite useful life, acquired separately, are recorded at cost, less accumulated amortization and accumulated impairment losses. Amortization is recognized using the straight-line method based on the estimated useful lives of the corresponding assets. The estimated useful lives and the amortization method are reviewed at the end of each reporting period, with the effect of any changes in estimate being accounted for on a prospective basis. 4.9.6 Derecognition of intangible assets An intangible asset is derecognized when no future economic benefits are expected from use or disposal. Gains or losses arising from disposal of an intangible asset are recognized in profit or loss, measured as the difference between net disposal proceeds and the carrying amount of the asset. |
Impairment of assets | 4.10 Impairment of assets Assets are assessed to detect evidence of impairment. 4.10.1 Financial assets Provisions for losses on financial assets are based on assumptions about default risk, existing market conditions and future estimates at the end of each year. The Company applies the simplified approach of IFRS 9 to the measurement of expected credit losses for the entire existence of financial assets that do not have significant financing components, by considering a provision for expected loss over a useful life for all trade accounts receivable. To measure expected credit losses, trade accounts receivable is grouped based on shared credit risk characteristics and overdue days in the amount considered enough to cover losses on the realization of these assets. 4.10.2 Non-financial assets Assets under formation arising from onerous concession and concession rights and/or authorization to generate electricity are classified as intangible assets. Impairment is tested along with the other assets of that cash-generating unit. Whenever there is a loss resulting from situations where an asset’s carrying value exceeds its recoverable value, defined as the higher of the asset’s value in use or its net selling price, this loss is recognized in profit or loss for the year. For impairment testing purposes, assets are grouped at the lowest levels for which there are separately identifiable cash flows (Cash Generating Units - CGU). The amount of the impairment of non-financial assets is reviewed at the reporting date. In case of reversal of impairment losses which had been recorded in prior years, this reversal is recognized in current year's profit or loss. The Impairment of contract assets in their construction phase are tested immediately, mainly considering the use of the effective interest rate fixed at the beginning of the project and carried to the end of the concession cash flow. After the beginning of the commercial operation, the portion of revenue recognized is tested for impairment in the accounts receivable from customers. For the receivable part conditioned to fulfill the performance obligation to maintain and operate the infrastructure, the Company has no history and no expectation of losses, since amount are subject to guarantee structures, via shared apportionment of eventual default losses among the other members of the national interconnected system managed by the “Operador Nacional do Sistema” (ONS) and by jurisdiction of the sector. |
Provisions | 4.11 Provisions Provisions are recognized when: i) the Company has a present obligation (legal or constructive) resulting from a past event, ii) it is probable (i.e., more likely than not) that an outflow of resources embodying economic benefits will be required to settle the obligation, and iii) a reliable estimate can be made of the amount to settle the obligation. The estimates of outcomes and financial impacts are determined by the Company, which requires use of judgment by Management, supplemented by the experience of similar past transactions and, in some cases, by independent expert reports. Environmental liabilities are recognized as the Company assumes formal obligations before regulatory agencies or becomes aware of potential risks related to environmental issues, which may lead to cash disbursements that are deemed probable and that may be estimated. During the project implementation phase, the accrued amounts are included in property, plant and equipment (generation), construction cost (transmission) or contract assets (distribution). At the start of operations, all costs included in the Operating License, whose programs will be executed during the concession and the respective disbursement has not yet occurred, are measured and adjusted to present value according to the estimated cash flow of disbursements and recorded as environmental provisions matched against the assets related to the project, being adjusted periodically. Once the project enters commercial operation, all costs or expenses incurred with environmental programs related to the project’s operation and maintenance licenses are analyzed according to their nature and included in profit or loss for the period. |
Revenue recognition | 4.12 Revenue recognition 4.12.1 Revenue from contracts with customers Revenue is measured based on the consideration that the Company expects to receive in a contract with the customer, net of any variable consideration. The Company recognizes revenues when it transfers control of the product or service to the customer and when it is probable to receive the consideration considering the client's ability and intention to pay the consideration when due. The Company's operating revenue comes mainly from the electricity supply and from the electric network availability. The revenue from electricity supply is recognized monthly based on the data for billing that are determined by the average MW of contracted electricity and declared with the CCEE. When the information is not available, the Company estimates the revenue considering the contracts’ rules, the price estimate and the volume provided. For wind power generation companies subject to minimum generation amounts, the Company understands that it is subject to variable consideration, and for this reason, includes a provision for non-performance based on the annual generation estimates, reducing revenue. Revenue from electric power supply and network availability is recognized monthly based on measured and effectively billed energy. In addition, the Company records unbilled revenue, calculated from the period between the last billing and the end of each month, by estimate based on the last measurement taken. In the concession contract for the public electricity distribution service, non-performance compensations are provided for quality indicators that, when incurred, reduce electricity availability revenue. 4.12.2 Interest income Interest income is recognized when it is probable that future economic benefits will flow to the Company and its amount can be reliably measured. Interest income is recognized on a straight-line basis and based on time and the effective interest rate on outstanding principal amounts. The effective interest rate is the one that discounts the estimated future cash receipts calculated during the estimated life of the financial asset in relation to initial net carrying amount of that asset. Regarding the financial and contract assets of the power transmission concession, financial compensation revenue is recognized using the discount rate established at the beginning of each project, which is presented in the statement of income as operating income in accordance with the Company's business model. |
Construction revenues and costs | 4.13 Construction revenues and costs Revenue related to construction services for infrastructure in the power transmission and distribution services, and gas distribution, are recognized using the percentage of completion (PoC) method at each reporting period and measured on the basis of the proportion of costs incurred in relation to the total estimated costs of the distribution and transmission concession contracts. Related costs are recognized in the statement of income as construction cost. Given that Copel DIS and Compagás outsource the construction of distribution infrastructure to unrelated parties through works carried out in the short term, the construction margin to the power and gas distribution activities result in no significant amounts, resulting in the non-recognition of such margin. The construction margin adopted for the transmission activity for the years 2019, 2018 and 2017 was 1.65%, and results from a calculation methodology which considers the respective business risk. |
Power purchase and sale transactions in the Spot Market (Electric Energy Trading Chamber - CCEE) | 4.14 Power purchase and sale transactions in the Spot Market (Electric Energy Trading Chamber - CCEE Power purchase and sale transactions in CCEE are recorded on the accrual basis of accounting, based on data released by CCEE, which are calculated by the product of the Differences settlement prices - PLD multiplied by the energy surplus declared with CCEE, or, when such information is not available in a timely manner, by an estimate prepared by Management. |
Derivative Financial Instruments | 4.15 Derivative Financial Instruments 4.15.1 Power purchase and sale transactions The Company negotiates energy purchase and sale agreements and part of its contracts are classified as derivative financial instruments measured at fair value through profit or loss. Unrealized net gains or losses arising from the mark-to-market of these contracts (the difference between contractual and market prices) are recognized in the statement of income. 4.15.2 Non-Deliverable Forward (NDF) contracts In addition, the Company operates with Non-Deliverable Forward – NDF contracts, which aim exclusively at providing hedge against exchange rate risks associated with cash flows from capital contributions to subsidiaries, when they reflect foreign-currency denominated purchases of projected equipment. They are measured at their fair value, with changes recorded in the statement of income for the year. The fair value is calculated based on the information of each contracted operation and the respective market information on the closing dates of the financial statements. |
Standards applicable to the Company effective January 1, 2018 | 4.16 Standards applicable to the Company effective January 1, 2019 4.16.1 IFRS 16 - Leases This pronouncement supersedes IAS 17 - Leases, as well as related interpretations (IFRIC 4, SIC 15 and SIC 27). The adoption of the new standard eliminates accounting for operating leases for lessees, presenting a single lease model that consists of initially recognizing all leases in assets and liabilities at present value and recognizing amortization of the right-of-use asset and lease interest separately in the statement of income. Transition method The Company applied the modified retrospective transition method, which does not require the presentation of comparative information. The lease liability and right-of-use asset are recognized at the present value of the remaining lease installments payable. Accordingly, information referring to prior years continues to be presented in accordance with the previous standard. The Company analyzed its operating lease contracts and applied the pronouncement only to the contracts in effect on January 1, 2019 and that were previously identified as leases. In accordance with IFRS 16, the Company elected to adopt exemptions from recognition provided for short-term leases (lease term of up to 12 months) and leases of low value assets, such as computers, printers and furniture, amounting to less than R$ 18. These contracts are recognized as operating lease costs and/or expenses on a straight-line basis as provided for in the standard, during the term of the contract. The Company has land lease agreements for the development of wind power generation projects that provide for minimum payment during the study/construction period and payment based on variable remuneration during the period of commercial operation. For contracts that are subject to minimum payment on the date of application of the standard, the Company recognized right-of-use assets and lease liabilities. For contracts that are in commercial operation, the Company recognizes them in its statement of income, when the event or condition is satisfied, as leases and rentals, in operating costs and/or expenses. Use of judgment The Company considered, for all lease agreements with related parties and third parties, the interest rate necessary to acquire assets under conditions like those applicable to rents contracted on the date of signature. The rate adopted by the Company considers the cost of the last fundraising made, based on the CDI (Interbank Deposit Certificate) plus a risk spread applicable to the Company. Upon initial adoption, the rate used was 9.10% p.a. Effects from initial adoption The new requirements of IFRS 16 produced the following impacts on the recognition and presentation of lease and rent contracts. Financial Statements Classification as IAS17 IFRS 16 Statements of Financial Position Noncurrent assets - Right-of-use asset Current Liabilities and Noncurrent Liabilities - Lease liability Statements of Income Operating Costs Leases and rentals Amortization of right-of-use asset Other operating costs and expense Leases and rentals Amortization of right-of-use asset Financial expenses - Interest on lease liability Sttatements of cash flows Payment of interest on lease liability - Operating activities Payment of principal of lease liability - Financing activities The adoption of IFRS 16 for leases previously classified as operating leases in accordance with IAS 17 resulted in increase in assets and liabilities in the amount of R$ 118,022, increase in amortization in the amount of R$ 34,205 and increase in interest expense in the amount of R$ 9,675 (Note 27) and the reduction of Other operating costs and expenses in the amount of R$ 40,076. 4.16.2 IFRIC 23 - Uncertainty over Income Tax Treatments The interpretation explains how to apply the recognition and measurement requirements of IAS 12 - Income Taxes where there is un/certainty over a tax treatment. In accordance with certain requirements, such as where the tax authority is most likely not to accept certain treatment, the entity shall recognize and measure its current or deferred tax, asset or liability, applying the requirements of IAS 12 based on taxable profit (tax loss), tax bases, unused tax losses, unused tax credits and ruling statutory tax rates, considering this non-acceptance. The Company evaluated the income tax treatments and concluded that the application of the standard did not have impacts on its results. |
New standards that are not yet in effect | 4.17 New standards that are not yet in effect From January 1, 2020, changes in the following pronouncements will be in effect, without significant impacts on the Company's financial statements: (i) IAS 1 Conceptual framework; (ii) Amendment to definition of business in IFRS 3 and amendment to definition of materiality in IAS 1 and IAS 8. |
1 Operations (Tables)
1 Operations (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Operations [Abstract] | |
Subsidiaries | 1.1.1 Subsidiaries Headquarters Main activity Interest Subsidiaries % Investor Copel Geração e Transmissão S.A. (Copel GeT) Curitiba/PR Production and transmission of electricity 100.0 Copel Copel Distribuição S.A. (Copel DIS) Curitiba/PR Distribution and marketing of electricity 100.0 Copel Copel Telecomunicações S.A. (Copel TEL) Curitiba/PR Telecommunication and communication 100.0 Copel Copel Renováveis S.A. (Copel REN) (a) Curitiba/PR Control and management of interests 100.0 Copel Copel Comercialização S.A. (Copel Energia) Curitiba/PR Commercialization of electricity 100.0 Copel Companhia Paranaense de Gás - Compagás Curitiba/PR Distribution of pipeline gas 51.0 Copel Elejor - Centrais Elétricas do Rio Jordão S.A. Curitiba/PR Production of electricity 70.0 Copel UEG Araucária Ltda. (UEG) Curitiba/PR Production of electricity from natural gas 20.3 Copel 60.9 Copel GeT São Bento Energia, Investimentos e Participações S.A. (São Bento) Curitiba/PR Control and management of interests 100.0 Copel GeT Nova Asa Branca I Energias Renováveis S.A. S. Miguel do Gostoso/RN Production of electricity from wind sources 100.0 Copel GeT Nova Asa Branca II Energias Renováveis S.A. Parazinho/RN Production of electricity from wind sources 100.0 Copel GeT Nova Asa Branca III Energias Renováveis S.A. Parazinho/RN Production of electricity from wind sources 100.0 Copel GeT Nova Eurus IV Energias Renováveis S.A. Touros/RN Production of electricity from wind sources 100.0 Copel GeT Santa Maria Energias Renováveis S.A. Maracanaú/CE Production of electricity from wind sources 100.0 Copel GeT Santa Helena Energias Renováveis S.A. Maracanaú/CE Production of electricity from wind sources 100.0 Copel GeT Ventos de Santo Uriel S.A. João Câmara/RN Production of electricity from wind sources 100.0 Copel GeT Cutia Empreendimentos Eólicos S.A. (Cutia) Curitiba/PR Control and management of interests 100.0 Copel GeT Costa Oeste Transmissora de Energia S.A. Curitiba/PR Transmission of electricity 100.0 Copel GeT Marumbi Transmissora de Energia S.A. Curitiba/PR Transmission of electricity 100.0 Copel GeT Uirapuru Transmissora de Energia S.A (Note 1.2.1) Florianópolis Transmission of electricity 100.0 Copel GeT Bela Vista Geração de Energia S.A. (b) Curitiba/PR Production of electricity 100.0 Copel GeT F.D.A. Geração de Energia Elétrica S.A. (b) Curitiba/PR Production of electricity 100.0 Copel GeT Jandaíra I Energias Renováveis S.A. (b) Curitiba/PR Production of electricity from wind sources 100.0 Copel GeT Jandaíra II Energias Renováveis S.A. (b) Curitiba/PR Production of electricity from wind sources 100.0 Copel GeT Jandaíra III Energias Renováveis S.A. (b) Curitiba/PR Production of electricity from wind sources 100.0 Copel GeT Jandaíra IV Energias Renováveis S.A. (b) Curitiba/PR Production of electricity from wind sources 100.0 Copel GeT GE Olho D’Água S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 São Bento GE Boa Vista S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 São Bento GE Farol S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 São Bento GE São Bento do Norte S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 São Bento Central Geradora Eólica São Bento do Norte I S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Bento do Norte II S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Bento do Norte III S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Miguel I S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Miguel II S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Central Geradora Eólica São Miguel III S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Guajiru S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Jangada S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Potiguar S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Cutia S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Maria Helena S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Esperança do Nordeste S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia Usina de Energia Eólica Paraíso dos Ventos do Nordeste S.A. São Bento do Norte/RN Production of electricity from wind sources 100.0 Cutia (a) The company is studying the possible incorporation of the operational activities and version of Copel RENs equity for the shareholder or the change of main activity. (b) Pre-operating stage. (c) SPEs established with a 99.99% interest in Copel GeT and 0.1% in Cutia. The transfer of all shares to Copel GeT depends on the granting of Authorizations by Aneel and the signing of the Energy Commercialization Contracts in the Regulated Environment - CCEARs |
Joint venture | 1.1.2 Joint Ventures Joint ventures Headquarters Main activity Interest % Investor Voltalia São Miguel do Gostoso I Participações S.A. São Paulo/SP Interests in companies 49.0 Copel Paraná Gás Exploração e Produção S.A. (a) Curitiba/PR Exploration of natural gas 30.0 Copel Caiuá Transmissora de Energia S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT Integração Maranhense Transmissora de Energia S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT Matrinchã Transmissora de Energia (TP NORTE) S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT Guaraciaba Transmissora de Energia (TP SUL) S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT Paranaíba Transmissora de Energia S.A. Rio de Janeiro/RJ Transmission of electricity 24.5 Copel GeT Mata de Santa Genebra Transmissão S.A. (b) Rio de Janeiro/RJ Transmission of electricity 50.1 Copel GeT Cantareira Transmissora de Energia S.A. Rio de Janeiro/RJ Transmission of electricity 49.0 Copel GeT (a) Project with halted activities due to a Public Civil Action pending judgment by Federal Court. An arbitration proceeding will be started to decide about relief of contractual obligations with no burden for bidders, with consequent return of signing up bonus, refund of incurred costs with collateral and relief of collateral provided. (b) Pre-operating stage. |
Associates | 1.1.3 Associates Associated companies Headquarters Main activity Interest % Investor Dona Francisca Energética S.A. Agudo/RS Production of electricity 23.0303 Copel Foz do Chopim Energética Ltda. Curitiba/PR Production of electricity 35.77 Copel GeT Carbocampel S.A. Figueira/PR Coal exploration 49.0 Copel Copel Amec S/C Ltda. - in liquidation Curitiba/PR Services 48.0 Copel Sercomtel S.A. Telecomunicações (a) Londrina/PR Telecommunications 45.0 Copel Dominó Holdings Ltda. Curitiba/PR Interests in companies 49.0 Copel Energia Estação Osasco Desenvolvimento Imobiliário S.A. (b) São Paulo/SP Incorporation of real estate projects 18.78 UEG (a) Investment reduced to zero due to the impairment tests. (b) Pre-operating stage. |
Joint Operations (Consortiums) | 1.1.4 Joint Operations (consortiums) Joint operations Interest (%) Other consortium members Hydroelectric Power Plant Gov. Jayme Canet Júnior - Mauá (Note 17.5) 51.0 Eletrosul Centrais Elétricas S.A. (49%) Hydroelectric Power Plant Baixo Iguaçu (Note 17.5.1) 30.0 Geração Céu Azul S.A (subsidiary of Neoenergia S.A.) (70%) |
Consideration Transferred | Consideration transferred Assets (-) Fair value on 06.28.2019 113,709 Percentage of interest transferred 100% Consideration amount 133,739 Concession rights 20,030 |
Assets acquired and liabilities recognized | Copel GeT preliminarily measured the fair value of identifiable assets acquired and liabilities assumed as of the date of acquisition, as follows. Fair value at the Carrying amount acquisition date Assets identified 146,802 144,593 Cash and cash equivalents 9,803 9,803 Trade accounts receivable 2,921 2,921 Taxes recoverable 17 17 Contract assets (a) 133,010 120,213 Other receivables 1,051 1,051 Deferred taxes - business combination - 10,588 Liabilities assumed 12,540 30,884 Suppliers 6,115 6,115 Payroll, social charges and accruals 73 73 Taxes due 320 320 Sectorial charges due 1,572 1,572 Deferred taxes 4,097 4,097 Contingent liabilities - business combination - 18,344 Others liabilities 363 363 Net assets acquired 134,262 113,709 (a) The book value of contract assets disclosed by the acquired subsidiary was adjusted pursuant to the Company's practices before allocation of fair value in the business combination. |
2 Concessions and Authorizati_2
2 Concessions and Authorizations (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Concessions And Authorizations [Abstract] | |
Concessions Contracts or Authorizations Obtained | 2.1 Concession contracts or authorizations obtained by Copel Copel Interest % Maturity Concession agreement / authorization of the equity Copel DIS Contract 046/1999, extended by 5th addendum to the contract 100 07.07.2045 Copel TEL Authorization term 54/2003 - Anatel/SVP/PVST 100 Indeterminate Authorization term 305/2012 - Anatel/SVP/PVST 100 Indeterminate Elejor Contract 125/2001 - HPP Fundão and Santa Clara 70 05.28.2037 Authorization - SHP Fundão I and SHP Santa Clara I - 753/2002 and 757/2002 70 12.19.2032 Dona Francisca Energética Contract 188/1998 - HPP Dona Francisca 23 08.28.2033 UEG Araucária Authorization 351/1999 - TPP Araucária (60.9% Copel GET) 20.3 12.23.2029 Compagás (2.1.1) Concession gas distribution contract 51 01.20.2019 Paraná Gás (1.1.2 - a) PART-T-300_R12 4861-.0000.99/2014-00 - ANP 30 05.15.2045 Usina de Energia Eólica São João S.A. (a) MME Ordinance 173/2012 - WPP São João 49 03.26.2047 Usina de Energia Eólica Carnaúba S.A. (a) MME Ordinance 204/2012 - WPP Carnaúbas 49 04.09.2047 Usina de Energia Eólica Reduto S.A. (a) MME Ordinance 230/2012 - WPP Reduto 49 04.16.2047 Usina de Energia Eólica Santo Cristo S.A. (a) MME Ordinance 233/2012 - WPP Santo Cristo 49 04.18.2047 (a) Subsidiaries of Voltalia São Miguel do Gostoso I Participações S.A. Hydroelectric Power Plant - HPP Small Hydroelectric Plant - SHP Thermal Power Plant - TPP Wind Power Plant - WPP |
Impact to financials from accelerating expiry | Considering that the lawsuit continues outstanding and the law continues in force, it was necessary to consider these effects in this financial statements. The impacts recorded are as follows: 12.31.2019 End of concession in 2024 Adjustments End of concession in 2019 STATEMENTS OF FINANCIAL POSITION Noncurrent assets Accounts receivable related to the concession 144,813 179,572 324,385 Intangible assets 127,598 (127,598) - STATEMENTS OF INCOME Net operating revenue Fair value of assets from the indemnity for the concession 9,181 1,234 10,415 Operating Costs Amortization (28,854) 400 (28,454) 12.31.2018 End of Adjustments End of STATEMENTS OF FINANCIAL POSITION Noncurrent assets Accounts receivable related to the concession and Contract Assets 148,720 199,257 347,977 Intangible assets 152,538 (148,919) 3,619 STATEMENTS OF INCOME Net operating revenue Fair value of assets from the indemnity for the concession 9,184 3,009 12,193 Operating Costs Amortization (29,012) 6,253 (22,759) End of End of 12.31.2017 Adjustments concession in 2019 STATEMENTS OF FINANCIAL POSITION Noncurrent assets Accounts receivable related to the concession 148,868 154,800 303,668 Intangible assets 198,688 (154,800) 43,888 STATEMENTS OF INCOME Net operating revenue Fair value of assets from the indemnity for the concession (197) 41,078 40,881 Management will continue to make its best efforts to protect the Company's interests, aiming at appropriately settle the impacts of the new interpretation given by the Concession Grantor and looking for the necessary alternatives to maintain the concession in a sustainable manner. 2.2 Concession contracts or authorizations obtained by Copel Get and its investees Copel GeT Interest % Maturity ONEROUS CONCESSION BY THE USE OF PUBLIC PROPERTY - UBP Generation Concession 001/2007 - HPP Gov. Jayme Canet Júnior (Mauá) 51 07.02.2042 Generation concession 001/2011 - HPP Colíder 100 01.17.2046 Ordinance 133/2011 - SHP Cavernoso II 100 02.28.2046 Generation Concession 002/2012 - HPP Baixo Iguaçu 30 10.30.2049 Generation Concession 007/2013 HPP Apucaraninha 100 10.12.2025 HPP Chaminé 100 08.16.2026 HPP Derivação do Rio Jordão 100 11.15.2029 HPP Cavernoso 100 01.07.2031 PUBLIC SERVICE CONCESSIONS Generation concession 045/1999 TPP Figueira (Note 35.2.6) 100 03.27.2019 HPP Gov. Bento Munhoz da Rocha Neto (Foz do Areia) (Note 35.2.6) 100 09.17.2023 HPP São Jorge 100 12.05.2024 HPP Guaricana 100 08.16.2026 HPP Gov. Ney Aminthas de Barros Braga (Segredo) 100 11.16.2029 HPP Gov. José Richa (Salto Caxias) 100 05.05.2030 Authorization 278/1999 - WPP Palmas 100 09.29.2029 Dispatch 182/2002 - Hydroeletric Generating Plant - HGP Melissa, HGP Pitangui and HGP Salto do Vau (only register with ANEEL) 100 - Generation concession 002/2016 - HPP Gov. Pedro Viriato Parigot de Souza (GPS) 100 01.05.2046 HPP Marumbi - Power generating plant registration: CGH. PH. PR. 001501-6.02 100 - Authorization Aneel 5,373/2015 - HGP Chopim I (only register with ANEEL) 100 - Concession agreement / authorization of the equity UEG Araucária Authorization 351/1999 - TPP Araucária (20.3% - Copel) 60.9 12.23.2029 Nova Asa Branca I MME Ordinance 267/2011 - WPP Asa Branca I 100 04.25.2046 Nova Asa Branca II MME Ordinance 333/2011 - WPP Asa Branca II 100 05.31.2046 Nova Asa Branca III MME Ordinance 334/2011 - WPP Asa Branca III 100 05.31.2046 Nova Eurus IV MME Ordinance 273/2011 -WPP Eurus IV 100 04.27.2046 Santa Maria MME Ordinance 274/2012 - WPP SM 100 05.08.2047 Santa Helena MME Ordinance 207/2012 - WPP Santa Helena 100 04.09.2047 Ventos de Santo Uriel MME Ordinance 201/2012 - WPP Santo Uriel 100 04.09.2047 GE Boa Vista MME Ordinance 276 /2011 - WPP Dreen Boa Vista 100 04.28.2046 GE Farol MME Ordinance 263 /2011 - WPP Farol 100 04.20.2046 GE Olho D’Água MME Ordinance 343 /2011 - WPP Dreen Olho D'Água 100 06.01.2046 GE São Bento do Norte MME Ordinance 310 /2011 - WPP Dreen São Bento do Norte 100 05.19.2046 Esperança do Nordeste MME Ordinance 183/2015 - WPP Esperança do Nordeste 100 05.11.2050 Paraíso dos Ventos do Nordeste MME Ordinance 182/2015 - WPP Paraíso dos Ventos do Nordeste 100 05.11.2050 Usina de Energia Eólica Jangada Resolution 3,257/2011 - WPP GE Jangada 100 01.05.2042 Maria Helena Resolution 3,259/2011 - WPP GE Maria Helena 100 01.05.2042 Usina de Energia Eólica Potiguar MME Ordinance 179/2015 - WPP Potiguar 100 05.11.2050 Usina de Energia Eólica Guajiru Resolution 3,256/2011 - WPP Dreen Guajiru 100 01.05.2042 Usina de Energia Eólica Cutia Resolution 3,258/2011 - WPP Dreen Cutia 100 01.05.2042 São Bento do Norte I Ordinance 349/2015 - WPP São Bento do Norte I 100 08.04.2050 São Bento do Norte II Ordinance 348/2015 - WPP São Bento do Norte II 100 08.04.2050 São Bento do Norte III Ordinance 347/2015 - WPP São Bento do Norte III 100 08.04.2050 São Miguel I Ordinance 352/2015 - WPP São Miguel I 100 08.04.2050 São Miguel II Ordinance 351/2015 - WPP São Miguel II 100 08.04.2050 São Miguel III Ordinance 350/2015 - WPP São Miguel III 100 08.04.2050 Foz do Chopim Authorization 114/2000 - SHP Arturo Andreoli 35.77 04.23.2030 SHP Bela Vista (a) Authorizing Resolution No. 913/2007 - transfer of ownership by Authorizing Resolution No. 7802/2019 100 01.02.2041 Jandaíra I Energias Renováveis (a) Awaiting publication of Ordinance by Aneel 100 - Jandaíra II Energias Renováveis (a) Awaiting publication of Ordinance by Aneel 100 - Jandaíra III Energias Renováveis (a) Awaiting publication of Ordinance by Aneel 100 - Jandaíra IV Energias Renováveis (a) Awaiting publication of Ordinance by Aneel 100 - (a) Project under construction. Copel GeT Interest % Maturity Transmission lines and substations concession agreements Contract 060/2001 100 01.01.2043 Contract 075/2001 100 08.17.2031 Contract 006/2008 100 03.17.2038 Contract 027/2009 100 11.19.2039 Contract 010/2010 100 10.06.2040 Contract 015/2010 100 10.06.2040 Contract 022/2012 100 08.27.2042 Contract 002/2013 100 02.25.2043 Contract 005/2014 100 01.29.2044 Contract 021/2014 100 09.05.2044 Contract 022/2014 100 09.05.2044 Contract 006/2016 100 04.07.2046 Transmission line 230 kV Baixo Iguaçu - Realeza Transmission line 230 kV Curitiba Centro - Uberaba Substation Medianeira 230/138 kV Substation Curitiba Centro 230/138 kV Substation Andirá Leste 230/138 kV Concession agreement / authorization of the equity Costa Oeste Transmissora Contract 001/2012: 100 01.12.2042 Transmission line 230 kV Cascavel Oeste - Umuarama Substation Umuarama 230/138 kV Caiuá Transmissora Contract 007/2012: 49 05.10.2042 Transmission line 230 kV Umuarama - Guaíra Transmission line 230 kV Cascavel Oeste - Cascavel Norte Substation Santa Quitéria 230/138/13,8 kV Substation Cascavel Norte 230/138/13,8 kV Marumbi Transmissora Contract 008/2012: 100 05.10.2042 Transmission line 525 kV Curitiba - Curitiba Leste Substation Curitiba Leste 525/230 kV Integração Maranhense Contract 011/2012: 49 05.10.2042 Matrinchã Transmissora Contract 012/2012: 49 05.10.2042 Transmission line 500 kV Paranaíta - Cláudia Transmission line 500 kV Cláudia - Paranatinga Transmission line 500 kV Paranatinga - Ribeirãozinho Substation Paranaíta 500 kV Substation Cláudia 500 kV Substation Paranatinga 500 kV Guaraciaba Transmissora Contract 013/2012: 49 05.10.2042 Transmission line 500 kV Ribeirãozinho - Rio Verde Norte Transmission line 500 kV Rio Verde Norte - Marimbondo II Substation Marimbondo II 500 kV Paranaíba Transmissora Contract 007/2013: 24.5 05.02.2043 Transmission line 500 kV Barreiras II - Rio das Éguas Transmission line 500 kV Rio das Éguas - Luziânia Transmission line 500 kV Luziânia - Pirapora 2 Mata de Santa Genebra (a) Contract 001/2014: 50.1 05.14.2044 Transmission line 500 kV Itatiba - Bateias Transmission line 500 kV Araraquara 2 - Itatiba Transmission line 500 kV Araraquara 2 - Fernão Dias (a) Substation Santa Bárbara D'Oeste 440 kV (a) Substation Itatiba 500 kV Substation Fernão Dias 500/440 kV (a) Cantareira Transmissora Contract 019/2014: 49 09.05.2044 Uirapuru Transmissora Contract 002/2005: 100 03.04.2035 (a) Buildings under construction. |
4 Significant Accounting Poli_3
4 Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Significant Accounting Policies [Abstract] | |
Effect of new accounting standards | The new requirements of IFRS 16 produced the following impacts on the recognition and presentation of lease and rent contracts. Financial Statements Classification as IAS17 IFRS 16 Statements of Financial Position Noncurrent assets - Right-of-use asset Current Liabilities and Noncurrent Liabilities - Lease liability Statements of Income Operating Costs Leases and rentals Amortization of right-of-use asset Other operating costs and expense Leases and rentals Amortization of right-of-use asset Financial expenses - Interest on lease liability Sttatements of cash flows Payment of interest on lease liability - Operating activities Payment of principal of lease liability - Financing activities |
5 Cash and Cash Equivalents (Ta
5 Cash and Cash Equivalents (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Cash and cash equivalents [abstract] | |
Cash and Cash Equivalents | 12.31.2019 12.31.2018 Cash and bank accounts 263,188 167,728 Financial investments with immediate liquidity 2,678,539 1,780,681 2,941,727 1,948,409 |
6 Bonds and Securities (Tables)
6 Bonds and Securities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Bonds And Securities [Abstract] | |
Bonds and Securities | The Company hold securities that yield variable interest rates. The term of these securities ranges from 1 to 52 months from the end of the reporting period. Category Index 12.31.2019 12.31.2018 Quotas in Funds (a) CDI 225,804 286,855 Bank Deposit Certificates - CDB 95.0% to 101% of CDI 50,216 50,629 Committed Operation 96.5% to 100% of CDI 3,632 6,116 National Treasury Bills - LTN CDI 1,696 - Financial Treasury Bonds - LFT Selic 733 696 282,081 344,296 Current 3,112 124,862 Noncurrent 278,969 219,434 (a) These are fixed income funds in the Parent Company and reserve accounts intended to comply with contracts with BNDES, in other companies. |
7 Trade Accounts Receivables (T
7 Trade Accounts Receivables (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Trade and other receivables [abstract] | |
Trade Accounts Receivable | Balances Overdue Overdue for Total Total falling due up to 90 days more than 12.31.2019 12.31.2018 Customers Residential 346,883 203,471 29,361 579,715 584,621 Industrial 184,959 30,440 83,320 298,719 365,020 Commercial 271,065 63,557 29,364 363,986 372,914 Rural 77,716 20,419 5,136 103,271 89,634 Public Entities 44,608 7,523 3,716 55,847 56,920 Public lighting 38,470 51 2 38,523 39,114 Public service 43,660 882 441 44,983 42,702 Unbilled - captives 516,203 - - 516,203 478,328 Energy installments plan - captives (7.1) 124,151 16,280 63,761 204,192 197,951 Low income subsidy - Eletrobras 12,174 - - 12,174 11,958 Free consumers 128,689 4,066 1 132,756 110,528 Other receivables 42,433 23,362 82,580 148,375 138,116 1,831,011 370,051 297,682 2,498,744 2,487,806 Concessionaires, Permission holder and Trading Companies Bilateral contracts 183,973 74 7,416 191,463 186,252 Regulated contracts 148,410 4,289 6,793 159,492 66,294 CCEE (7.2) 196,047 - 119,665 315,712 323,657 Energy suplies 528,430 4,363 133,874 666,667 576,203 Charges from using transmission grid 203,125 4,511 7,946 215,582 208,060 . Telecommunications 50,752 10,094 6,458 67,304 62,985 . Gas distribution 90,510 9,228 11,288 111,026 103,340 . Expected credit losses (7.3) (5,966) (11,486) (359,304) (376,756) (331,388) 2,697,862 386,761 97,944 3,182,567 3,107,006 Current 3,120,168 2,944,091 Noncurrent 62,399 162,915 |
Allowance for Doubtful Accounts | The Company considers the total recorded expected credit losses of trade accounts receivable sufficient to cover possible losses on the realization of these assets, according to the breakdown below: Balance as of Additions Reversal Reversal Balance as of Effects of applying Additions/ Reversal Reversal Balance as of Additions / Reversal Balance as of January 1, 2017 of write offs December 31, 2017 new IFRS of write offs December 31, 2018 (Reversals) of write offs December 31, 2019 Customers Residential 66,502 36,177 (80,147) 22,532 (5,708) 62,274 (57,376) 21,722 71,794 (51,692) 41,824 Industrial 66,563 26,265 (14,049) 78,779 4,394 10,367 (6,343) 87,197 33,772 (23,015) 97,954 Commercial 67,075 18,101 (25,901) 59,275 16,973 10,318 (16,849) 69,717 27,866 (26,658) 70,925 Rural 3,130 2,997 (3,396) 2,731 1,646 3,734 (4,301) 3,810 1,499 (1,920) 3,389 Public Entities 12,981 (3,833) (4,313) 4,835 3,262 (1,313) (1,910) 4,874 435 (419) 4,890 Public lighting 104 205 (269) 40 389 (304) (5) 120 (117) - 3 Public service 1,111 (653) (439) 19 460 8 (288) 199 145 (79) 265 Unbilled - captives - - - - 1,573 (71) - 1,502 (322) - 1,180 Adjustment to present value - - - - (4,048) 1,165 - (2,883) 1,442 - (1,441) 217,466 79,259 (128,514) 168,211 18,941 86,178 (87,072) 186,258 136,514 (103,783) 218,989 Concessionaires, Permission holder and Trading Companies CCEE (7.2) 119,665 - - 119,665 - - - 119,665 - - 119,665 Concessionaries and permission holder 13,077 1,287 (175) 14,189 4,155 (8,860) (10) 9,474 11,608 (657) 20,425 132,742 (1,287) (175) 133,854 4,155 (8,860) (10) 129,139 11,608 (657) 140,090 Telecommunications 534 8,309 (7,332) 1,511 (1,233) 12,749 (9,148) 3,879 13,292 (12,022) 5,149 Gas distribution 4,924 1,433 (103) 6,254 - 6,017 (159) 12,112 1,063 (647) 12,528 355,666 90,288 (136,124) 309,830 21,863 96,084 (96,389) 331,388 162,477 (117,109) 376,756 |
8 CRC Transferred to the Para_2
8 CRC Transferred to the Parana State Government (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
CRC Transferred To Parana State Government [Abstract] | |
Changes in CRC | 8.1 Changes in CRC Balance as of Monetary Balance as of Monetary Balance as of January 1, 2018 Interest variations Amortizations December 31, 2018 Interest variations Amortizations December 31, 2019 1,516,362 93,009 95,788 (260,117) 1,445,042 87,710 96,519 (278,586) 1,350,685 Current 190,876 219,236 Noncurrent 1,254,166 1,131,449 |
Maturity of Noncurrent Installments | 8.2 Maturity of noncurrent installments 2021 233,817 2022 249,367 2023 265,951 2024 283,638 After 2024 98,676 1,131,449 |
9 Net Sectorial Financial Ass_2
9 Net Sectorial Financial Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Net Sectorial Financial Assets And Liabilities [Abstract] | |
Net Sectorial Financial Assets and Liabilities | 9.1 Compositions of net sectorial financial assets and liabilities balances per tariff cycle 12.31.2019 12.31.2018 Current Noncurrent Current Noncurrent Sectorial financial assets - Electricity rate adjustment recoverable 2018 Portion A Electricity purchased for resale - CVA Energ - - 274,495 - Electricity purchased for resale - Itaipu - - 278,072 - Transport of energy using the transmission system - basic grid - - 28,100 - Transport of energy purchased from Itaipu - - 8,312 - System Service Charges - ESS - - (240,248) - Energy Development Account - CDE - - 16,434 - Proinfa - - 3,007 - Other financial components Neutrality - - 42,605 - Overcontracting - - (46,972) - Hydrological risk - - (175,117) - Tariff refunds - - (36,840) - CVA Angra III Adjustment - - 6,272 - Other - - 5,429 - - - 163,549 - Sectorial financial assets - Electricity rate adjustment recoverable 2019 Portion A Electricity purchased for resale - CVA Energ 235,192 - 176,198 176,198 Electricity purchased for resale - Itaipu 342,647 - 304,086 304,086 Transport of energy using the transmission system - basic grid (47,214) - (29,307) (29,307) Transport of energy purchased from Itaipu 9,937 - 7,469 7,469 System Service Charges - ESS (160,277) - (120,862) (120,862) Energy Development Account - CDE 98,722 - 71,325 71,325 Proinfa 8,528 - (10) (9) Other financial components - - - - Neutrality 29,690 - 40,212 40,211 Offset of energy surplus/deficit under CCEAR bilateral contracts - - - - Overcontracting (116,673) - (95,722) (95,722) Hydrological risk (119,416) - (71,958) (71,958) Tariff refunds (43,538) - (23,796) (23,796) Other (448) - - - 237,150 - 257,635 257,635 Sectorial financial assets - Electricity rate adjustment recoverable 2019 Portion A Electricity purchased for resale - CVA Energ 15,298 15,298 - - Electricity purchased for resale - Itaipu 225,340 225,340 - - Transport of energy using the transmission system - basic grid 30,126 30,126 - - Transport of energy purchased from Itaipu 7,227 7,227 - - System Service Charges - ESS (52,336) (52,336) - - Energy Development Account - CDE 27,103 27,103 - - Proinfa (30) (30) - - Other financial components - - - - Neutrality 9,408 9,408 - - Offset of energy surplus/deficit under CCEAR bilateral contracts 20,096 20,096 - - Overcontracting (25,725) (25,725) - - Hydrological risk (113,872) (113,872) - - Tariff refunds (24,215) (24,216) - - 118,420 118,419 - - 355,570 118,419 421,184 257,635 12.31.2019 12.31.2018 Current Noncurrent Current Noncurrent Sectorial financial liabilities - Tariff Review 2021 Financial components Tariff refunds - (102,284) - (96,531) - (102,284) - (96,531) - (102,284) - (96,531) |
Changes in Net Sectorial Financial Assets and Liabilities | 9.2 Changes in net sectorial financial assets and liabilities Balance as of Operating revenues Financial results Rate Balance as of December 31, 2018 Constitution Amortization Updating flags December 31, 2019 Portion A Electricity purchased for resale - Itaipu 886,243 533,057 (670,501) 44,528 - 793,327 Electricity purchased for resale - CVA Energ 626,891 358,200 (546,801) 29,909 (202,411) 265,788 Transport of energy using the transmission system - basic grid (30,514) 22,917 23,688 (3,053) - 13,038 Transport of energy purchased from Itaipu 23,250 19,531 (19,692) 1,302 - 24,391 ESS (481,972) (188,280) 427,177 (21,874) - (264,949) CDE 159,084 110,752 (127,190) 10,282 - 152,928 Proinfa 2,989 17,396 (12,636) 719 - 8,468 Other financial components Neutrality 123,028 (1,122) (74,698) 1,298 - 48,506 Offset of energy surplus/deficit under CCEAR bilateral contracts 5,237 80,385 (45,430) - - 40,192 CVA Angra III Adjustment 6,272 - (6,272) - - - Hydrological risk (319,033) (324,504) 304,197 (7,820) - (347,160) Tariff refunds (180,963) (89,327) 83,900 (7,863) - (194,253) Overcontracting (238,416) (22,166) 173,087 (5,774) (74,854) (168,123) Others 192 (905) 294 (29) - (448) 582,288 515,934 (490,877) 41,625 (277,265) 371,705 Current assets 421,184 355,570 Noncurrent assets 257,635 118,419 Noncurrent liabilities (96,531) (102,284) Balance as of Operating revenues Financial results Rate Balance as of December 31, 2017 Constitution Amortization Updating flags December 31, 2018 Portion A Electricity purchased for resale - Itaipu (9.2.1) 537,704 661,144 (348,586) 35,981 - 886,243 Electricity purchased for resale - CVA Energ (9.2.2) 497,885 710,482 (129,555) 31,053 (482,974) 626,891 Transport of energy using the transmission system - basic grid 47,239 (36,959) (43,101) 2,307 - (30,514) Transport of energy purchased f rom Itaipu 12,923 21,526 (12,194) 995 - 23,250 ESS (9.2.3) (591,408) (302,226) 443,817 (32,155) - (481,972) CDE (9.2.4) (141,893) 231,308 69,851 (182) - 159,084 Proinfa (5,188) 6,111 2,024 42 - 2,989 Other financial components Neutrality (9.2.5) 121,247 100,280 (100,661) 2,162 - 123,028 CVA Angra III Adjustment 48,193 8,482 (57,214) 6,811 - 6,272 Hydrological risk (9.2.6) (187,928) (310,975) 189,289 (9,419) - (319,033) Tariff refunds (9.2.7) (145,774) (80,493) 52,290 (6,986) - (180,963) Overcontracting (9.2.8) (136,325) (54,421) (37,176) (10,494) - (238,416) Others 3,024 11,193 (8,892) 104 - 5,429 59,699 965,452 19,892 20,219 (482,974) 582,288 Current assets 171,609 421,184 Noncurrent assets 171,609 257,635 Current liabilities (192,819) - Noncurrent liabilities (90,700) (96,531) |
10 Accounts Receivable Concessi
10 Accounts Receivable Concessions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Accounts Receivable Concessions | |
Accounts Receivable Related to the Concession | 12.31.2019 12.31.2018 Power distribution service concession (10.1) 836,818 783,023 Piped gas distribution service concession (10.2) 324,385 322,259 Bonus from the grant of concession agreements under the quota system (10.3) 647,984 625,772 Remeasurement of RBSE assets (10.4) 739,269 753,826 Generation concession agreements (10.5) 69,182 65,811 2,617,638 2,550,691 Current 58,842 53,177 Noncurrent 2,558,796 2,497,514 |
Distribution Concession Agreement | 10.1 Power distribution service concession Balance as of January 1, 2018 684,206 Transfers from contract assets (Note 11.1) 66,380 Transfers to other receivables (assets held for disposal) (1,334) Fair value recognition 35,306 Loss on disposal (1,535) Balance as of December 31, 2018 783,023 Transfers from contract assets (Note 11.1) 28,987 Transfers to investments 348 Transfers to other receivables (assets held for disposal) (1,578) Fair value recognition 26,231 Incorporations (a) (75) Loss on disposal (118) Balance as of December 31, 2019 836,818 (a) Incorporation of assets and equipment through transfer free of charge, of which the amounts were classified in concession related receivables and in intangible assets (Note 18.1). |
Piped gas distribution service concession | 10.2 Piped gas distribution service concession Balance as of January 1, 2018 303,668 Transfers from contract assets (Note 11.2) 6,399 Fair value recognition 12,193 Loss on disposal (1) Balance as of December 31, 2018 322,259 Transfers from contract assets (Note 11.2) 16,574 Transfers to intangible assets (Note 18.3) (24,835) Fair value recognition 10,415 Loss on disposal (28) Balance as of December 31, 2019 324,385 |
Bonus from the Grant of Concession Agreements | 10.3 Bonus from the grant of concession agreements under the quota system Balance as of January 1, 2018 606,479 Transfers to electricity grid use charges - customers (66,693) Interest (Note 31.1) 85,986 Balance as of December 31, 2018 625,772 Transfers to electricity grid use charges - customers (69,192) Interest (Note 31.1) 91,404 Balance as of December 31, 2019 647,984 |
Remeasurement of RBSE Financial Assets | 10.4 Remeasurement of RBSE financial assets Balance as of January 1, 2018 1,418,370 Gain on remeasurement of the cash flow from the RBSE assets (635,292) Increase in the estimated amount due to the approval of the report on RBSE assets 82,640 Transfers to electricity grid use charges - customers (111,892) Balance as of December 31, 2018 753,826 Gain on the cash flow from the assets 90,346 Transfers to electricity grid use charges - customers (104,902) Balance as of December 31, 2019 739,270 |
Concession Agreement - Gas Distribution | Power generation concession contract Balance as of January 1, 2018 68,859 Transfers to other current receivables - disposal of assets (9,053) Gain on remeasurement of the cash flow 1,247 Reversal of impairment (Note 32.4) 4,758 Balance as of December 31, 2018 65,811 Gain on remeasurement of the cash flow 426 Reversal of impairment (Note 32.4) 2,945 Balance as of December 31, 2019 69,182 |
11 Contract Assets (Tables)
11 Contract Assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Contract assets [abstract] | |
Summary of Contract Assets | 12.31.2019 12.31.2018 Power distribution service concession (11.1) 844,284 640,500 Piped gas distribution service concession (11.2) 26,734 25,718 Power transmission concession (11.3) 3,180,366 2,767,012 4,051,384 3,433,230 Current 107,443 85,019 Noncurrent 3,943,941 3,348,211 |
Power distribution service concession contract | 11.1 Power distribution service concession contract Assets Special liabilities Total Balance as of January 1, 2018 - - - Transfers from intangible assets (Note 18.1) 714,446 (26,100) 688,346 Acquisitions 797,832 - 797,832 Customers contributions - (106,764) (106,764) Provision for legal claims added to the cost of the works 4,320 - 4,320 Transfers to intangible assets (Note 18.1) (775,701) 107,679 (668,022) Transfers from/to accounts receivable - concessions (Note 10.1) (67,310) 930 (66,380) Loss on disposal (8,832) - (8,832) Balance as of December 31, 2018 664,755 (24,255) 640,500 Acquisitions 1,021,644 - 1,021,644 Customers contributions - (104,067) (104,067) Provision for legal claims added to the cost of the works 1,823 - 1,823 Transfers from/to intangible assets (Note 18.1) (771,844) 93,164 (678,680) Transfers from/to accounts receivable - concessions (Note 10.1) (33,075) 4,088 (28,987) Loss on disposal (7,949) - (7,949) Balance as of December 31, 2019 875,354 (31,070) 844,284 |
Piped gas distribution service concession contract | 11.2 Piped gas distribution service concession contract Balance as of January 1, 2018 - Transfers from intangible assets (Note 18.3) 19,471 Acquisitions 15,618 Transfers to intangible assets (Note 18.3) (2,042) Transfers from/to accounts receivable - concessions (Note 10.1) (6,399) Loss on disposal (930) Balance as of December 31, 2018 25,718 Acquisitions 17,590 Transfers to accounts receivable - concessions (Note 10.2) (16,574) Balance as of December 31, 2019 26,734 |
Transmission service concession contract | 11.3 Transmission service concession contract Balance as of January 1, 2018 - Transfers from/to accounts receivable - concessions 1,497,399 Transfers from accounts receivable linked to the concession - RBSE (Note 10.4) 635,292 Effect of the acquisition of control of the Costa Oeste and Marumbi 258,908 Transfers to electricity grid use charges - customers (243,247) Transfers to property, plant and equipment (501) Transfers from litigations 8,277 Remuneration 268,904 Construction revenue 297,018 Construction income 44,962 Balance as of December 31, 2018 2,767,012 Business combinations effects (Note 1.2) 117,942 Realization of gains/losses in business combinations 282 Transfers to electricity grid use charges - customers (286,158) Transfers to property, plant and equipment (3,353) Transfers from litigations (313) Remuneration 368,514 Construction revenue 173,733 Construction income 42,707 Balance as of December 31, 2019 3,180,366 |
12 Other Receivables (Tables)
12 Other Receivables (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Other Receivables [Abstract] | |
Other Receivables | 12.31.2019 12.31.2018 Fair value in the purchase and sale of power in the active market (Note 35.2.12) 460,635 14,793 Services in progress (a) 228,593 165,973 Credits on purchases of gas (12.1) 142,941 112,003 CDE Transfer (12.2) 61,898 107,472 Advance payments to suppliers (b) 24,073 22,096 Decommissioning in progress 21,238 19,457 Advance payments to employees 20,427 21,201 Tariff flag - CCRBT 19,545 28,725 Advance for severance estate 15,597 19,591 Other receivables 93,677 80,833 1,088,624 592,144 Current 426,865 363,250 Noncurrent 661,759 228,894 |
13 Taxes (Tables)
13 Taxes (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Taxes [Abstract] | |
Income Tax and Social Contribution | Deferred tax assets and liabilities may be offset if there is a legal right to offset the current tax assets and liabilities and they relate to the same taxing authority. Effect Business Recognized Business Recognized Balance as of Recognized of applying combination comprehensive Balance as of Recognized combination comprehensive Balance as of January 01, 2018 in income new IFRS effect income December 31, 2018 in income effect (Note 1.2) income December 31, 2019 Noncurrent assets Provisions for legal claims 514,358 55,123 - 3,696 - 573,177 (62,044) 6,237 - 517,370 Post-employment benefits 293,611 15,080 - - 19,994 328,685 13,285 - 63,444 405,414 Impairment of assets 310,561 17,450 - - - 328,011 57,456 - - 385,467 Provision for energy purchases 156,325 (1,834) - - - 154,491 10,840 - - 165,331 Expected credit losses 113,380 (6,838) 7,468 - - 114,010 17,811 - - 131,821 Tax losses and negative tax basis 110,658 (39,518) - - - 71,140 27,102 - - 98,242 Social security contributions - injunction on judicial deposit 60,856 6,154 - - - 67,010 4,190 - - 71,200 Amortization - concession 48,722 4,617 - - - 53,339 5,005 - - 58,344 Provision for profit sharing 22,270 8,278 - - - 30,548 21,567 - - 52,115 Concession contracts 24,906 (1,300) - - - 23,606 (1,253) - - 22,353 Research and development and energy efficiency programs 129,877 25,693 - - - 155,570 (137,531) - - 18,039 Others 97,092 49,673 1,006 - - 147,771 (4,512) - - 143,259 1,882,616 132,578 8,474 3,696 19,994 2,047,358 (48,084) 6,237 63,444 2,068,955 (-) Noncurrent liabilities Concession contracts 535,726 68,475 - 9,457 - 613,658 99,817 (1,026) - 712,449 Deemed cost 449,884 (34,559) - - - 415,325 (34,116) - - 381,209 Derivative financial instruments - 5,030 - - - 5,030 65,915 - - 70,945 Escrow deposits monetary variation 55,328 8,839 - - - 64,167 (3,022) - - 61,145 Accelerated depreciation 26,401 6,281 - - - 32,682 17,640 - - 50,322 Transaction cost on borrowings and debentures 21,538 9,589 - - - 31,127 981 - - 32,108 Others 34,877 851 - - - 35,728 6,849 - - 42,577 1,123,754 64,506 - 9,457 - 1,197,717 154,064 (1,026) - 1,350,755 Net 758,862 68,072 8,474 (5,761) 19,994 849,641 (202,148) 7,263 63,444 718,200 Assets presented in the Statement of Financial Position 915,492 1,007,061 1,011,866 (-) Liabilities presented in the Statement of Financial Position (156,630) (157,420) (293,666) |
Realization of Deferred Taxes | The projected realization of the deferred taxes is shown below: Assets Liabilities 2020 329,177 (96,763) 2021 258,853 (98,388) 2022 143,599 (91,131) 2023 136,665 (102,510) 2024 84,208 (80,290) 2025 to 2027 158,702 (209,525) 2028 to 2029 957,751 (672,148) 2,068,955 (1,350,755) |
Other Recoverable Taxes and Other Taxes Due | 13.2 Other taxes recoverable and other tax obligations 12.31.2019 12.31.2018 Current assets Recoverable ICMS (VAT) 103,977 96,072 Recoverable PIS/Pasep and Cofins taxes 98,942 64,200 Other recoverable taxes 2,141 570 205,060 160,842 Noncurrent assets Recoverable ICMS (VAT) 74,568 50,306 PIS/Pasep and Cofins taxes 213,667 147,380 Other recoverable taxes 33,776 33,714 322,011 231,400 Current liabilities ICMS (VAT) payable 179,662 185,634 PIS/Pasep and Cofins payable 125,197 115,345 IRRF on JSCP 117,807 23,687 Special Tax Regularization Program - Pert 49,310 46,777 Ordinary financing of taxes with the federal tax authorities 18,063 64,974 Other taxes 11,029 15,016 501,068 451,433 Noncurrent liabilities Social security contributions - injunction on judicial deposit 209,747 197,413 Special Tax Regularization Program - Pert 447,897 471,665 Ordinary financing of taxes with the federal tax authorities - 21,658 TCFRH (a) - 101,821 Other taxes 4,470 4,175 662,114 796,732 (a) Control, Monitoring and Inspection Fee for Exploration Activities and the Use of Water Resources - as a result of the repeal of the law that instituted the referred fee, the Company, based on the opinion of its legal advisors, concluded that the conditions to maintain the provision were not satisfied and reversed the balance, so that R $ 97,664 was recorded in the operating result (Note 33.6) and R $ 4,157 in the financial result |
Reconciliation of Provision for Income Tax (IRPJ) and Social Contribution (CSLL) | 13.3 Reconciliation of provision for income tax (IRPJ) and social contribution (CSLL) 12.31.2019 12.31.2018 12.31.2017 Income before IRPJ and CSLL 2,702,195 1,955,997 1,392,941 IRPJ and CSLL (34%) (918,746) (665,039) (473,600) Tax effects on: Equity in income 36,297 46,203 36,555 Interest on own capital 222,848 98,917 90,440 Dividends 192 280 497 Non deductible expenses (16,571) (9,322) (26,292) Tax incentives 17,804 16,465 14,973 Unrecognized income and social contribution tax loss carry-forwards (48,892) (15,383) (5,645) Setting up and/or offset of income tax and social contribution losses of prior years - 5,037 90,804 Difference between the calculation bases of deemed profit and taxable profit 72,175 11,076 (19,680) Others (4,433) (227) 17,262 Current IRPJ and CSLL (433,555) (580,065) (379,943) Deferred IRPJ and CSLL (205,771) 68,072 105,257 Effective rate - % 23.7% 26.2% 19.7% |
14 Prepaid Expenses (Tables)
14 Prepaid Expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Prepaid Expenses [Abstract] | |
Prepaid Expenses | 12.31.2019 12.31.2018 Risk premium - GSF renegotiation (14.1) 3,180 12,574 Others 30,515 31,535 33,695 44,109 Current 33,563 40,819 Noncurrent 132 3,290 |
Recovery of Power Purchase Cost through Renegotiation | The amounts originally recognized on the renegotiation of the hydrological risk were as follows: Power Plant Physical guarantee (Average MW) Eligible amount of energy (Average MW) Amortization period Grant extension period (intangible asset) Asset value to recover as renegotiation of GSF Value of prepaid expenses to amortize with future risk premium Value of intangible assets amortization over the concession period Mauá 100.827 97.391 01.01.2016 to 06.30.2020 not applicable 28,623 28,623 - Foz do Areia 576,000 226.705 01.01.2016 to 12.31.2016 05.24.2023 to 09.17.2023 66,628 17,222 49,406 Santa Clara and Fundão 135,400 134.323 01.01.2016 to 04.22.2019 10.25.2036 to 05.28.2037 39,369 30,326 9,043 458.419 134,620 76,171 58,449 |
CCEE liabilities | A breakdown of these items as at December 31, 2019 and 2018 is presented below: Balance as of Balance as of Balance as of January 01, 2018 Amortization Transfers December 31, 2018 Amortization Transfers December 31, 2019 Risk premium - current asset 15,459 (15,459) 9,394 9,394 (9,394) 3,180 3,180 Risk premium - noncurrent asset 12,574 - (9,394) 3,180 - (3,180) - Intangible 45,745 (7,038) - 38,707 (7,040) - 31,667 73,778 (22,497) - 51,281 (16,434) - 34,847 Risk premium to be amortized - prepaid expenses 28,033 12,574 3,180 Grant extension period - intangible 45,745 38,707 31,667 |
15 Judicial Deposits (Tables)
15 Judicial Deposits (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Judicial Deposits [Abstract] | |
Judicial Deposits | 12.31.2019 12.31.2018 Taxes claims 351,402 369,423 Labor claims 85,187 84,908 Civil Civil 53,260 63,484 Easements 5,076 3,280 Customers 1,897 1,861 60,233 68,625 Others 7,368 5,334 504,190 528,290 |
16 Investiments (Tables)
16 Investiments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Investiments | |
Schedule of changes in investments | Investment/ Balance as of Advance for future Capital Amorti- Dividends Balance as of January 1, 2019 Equity capital increase decrease zation and JSCP Transfers December 31, 2019 Joint Ventures (16.3) Voltalia São Miguel do Gostoso I 110,568 (3,409) 2,940 - - - - 110,099 Voltalia São Miguel do Gostoso - direito de autorização 10,405 - - - (367) - - 10,038 Caiuá 74,639 4,800 - - - (1,127) - 78,312 Integração Maranhense 129,684 11,316 - - - (2,284) - 138,716 Matrinchã 673,216 48,634 - - - (10,323) - 711,527 Guaraciaba 356,941 18,312 - (34,300) - (3,876) - 337,077 Paranaíba 160,584 16,375 - - - (2,986) - 173,973 Mata de Santa Genebra 484,262 (41,716) 130,811 - - - - 573,357 Cantareira 317,523 28,031 - - - (7,286) - 338,268 2,317,822 82,343 133,751 (34,300) (367) (27,882) - 2,471,367 Associates Dona Francisca Energética (16.4) 29,144 9,853 - - - (10,574) - 28,423 Foz do Chopim Energética (16.4) 8,227 13,924 - - - (9,976) - 12,175 Dominó Holdings 2,442 (280) - (735) - (1,181) - 246 Other 9,115 917 123 - - - - 10,155 48,928 24,414 123 (735) - (21,731) - 50,999 Investment property 1,342 - - - (5) - (524) 813 Advance for future capital future capital increase (Note 1.2.1) 142 - 133,597 - - - (133,739) - 2,368,234 106,757 267,471 (35,035) (372) (49,613) (134,263) 2,523,179 Investment/ Effects of Advance for Proposed applying Balance as of future capital Capital dividends new IFRS Balance as of January 1, 2018 Equity increase decrease Amortization and JCP (Note 17.1.1) Other (a) December 31, 2018 Joint Ventures (16.3) Voltalia São Miguel do Gostoso I 74,998 (3,964) 39,534 - - - - - 110,568 Voltalia São Miguel do Gostoso - authorization rights 10,773 - - - (368) - - - 10,405 Paraná Gás 3 (3) - - - - - - - Costa Oeste 33,646 3,041 - - - - - (36,687) - Marumbi 85,341 6,971 - - - - - (92,312) - Transmissora Sul Brasileira 64,360 1,161 - - - - - (65,521) - Caiuá 56,037 5,034 - - - (1,324) 14,892 - 74,639 Integração Maranhense 113,401 9,238 - - - (2,022) 9,067 - 129,684 Matrinchã 835,819 50,411 - - - (9,131) (203,883) - 673,216 Guaraciaba 418,320 35,321 - - - (4,328) (92,372) - 356,941 Paranaíba 162,273 (16,510) - - - (2,976) 17,797 - 160,584 Mata de Santa Genebra 459,374 (2,541) 48,096 - - 3,264 (23,931) - 484,262 Cantareira 200,018 24,564 - (35,280) - (1,461) 129,682 - 317,523 2,514,363 112,723 87,630 (35,280) (368) (17,978) (148,748) (194,520) 2,317,822 Associates Dona Francisca Energética (16.4) 29,821 9,989 - - - (10,666) - - 29,144 Foz do Chopim Energética (16.4) 13,084 13,214 - - - (18,071) - - 8,227 Dominó Holdings 2,457 (15) - - - - - - 2,442 Other 9,556 (23) 9 - - - - (427) 9,115 54,918 23,165 9 - - (28,737) - (427) 48,928 Investment property 1,362 - - - (5) - - (15) 1,342 Other investments - - 142 - - - - - 142 2,570,643 135,888 87,781 (35,280) (373) (46,715) (148,748) (194,962) 2,368,234 (a) Of the total, the amounts of R$ 36,687 and R$ 92,312 refers to investments that are now subsidiaries; R$ 65,521 refers to investment written off; R$ 427 from the sale of the associated company Dois Saltos Empreendimentos de Geração de Energia Elétrica Ltda; and R$ 15 refers to the transfer to Other receivables |
Schedule of subsidiaries with non-controlling interest summarized financial information | 16.2.1 Summarized financial information Compagás Elejor UEG Araucária 12.31.2019 12.31.2018 12.31.2017 12.31.2019 12.31.2018 12.31.2017 12.31.2019 12.31.2018 12.31.2017 ASSETS 904,993 675,286 632,910 625,154 652,175 675,450 421,533 436,137 507,060 Current assets 313,896 204,725 151,966 80,079 80,990 77,216 80,788 33,573 99,101 Noncurrent assets 591,097 470,561 480,944 545,075 571,185 598,234 340,745 402,564 407,959 LIABILITIES 904,993 675,286 632,910 625,154 652,175 675,450 421,533 436,137 507,060 Current liabilities 236,190 133,769 147,743 85,647 124,880 164,574 91,066 42,185 38,386 Noncurrent liabilities 110,475 106,900 87,409 496,648 473,318 449,149 14,727 23,290 22,470 Equity 558,328 434,617 397,758 42,859 53,977 61,727 315,740 370,662 446,204 STATEMENT OF INCOME Operating revenues 866,884 588,532 515,563 218,421 293,942 291,597 52,216 524 129,084 Operating costs and expenses (662,306) (515,594) (309,213) (86,237) (89,931) (93,230) (131,596) (94,970) (121,883) Financial results 43,186 (2,411) (25,612) (92,728) (89,301) (54,254) 832 2,275 5,302 Equity in earnings of investees - - - - - - 916 - (5,777) Income tax and social contribution (74,791) (10,909) (66,785) (13,331) (38,379) (47,893) (22,703) 16,316 (7,098) Net income (loss) 172,973 59,618 113,953 26,125 76,331 96,220 (100,335) (75,855) (372) Other comprehensive income (1,277) 187 (251) - - - 132 - - Total comprehensive income 171,696 59,805 113,702 26,125 76,331 96,220 (100,203) (75,855) (372) STATEMENTS OF CASH FLOWS Cash flows from operational activities 54,760 66,017 83,661 51,839 127,108 143,911 (57,585) (26,980) (86,840) Cash flows from investment activities (17,531) (15,961) (14,268) (314) (2,659) (1,461) (1,945) (2,768) 118,460 Cash flows from financing activities 14,312 (43,980) (20,623) (56,533) (119,468) (143,028) 45,133 - - TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS 51,541 6,076 48,770 (5,008) 4,981 (578) (14,397) (29,748) 31,620 Cash and cash equivalents at the beginning of the year 90,155 84,079 35,309 42,886 37,905 38,483 21,516 51,264 19,644 Cash and cash equivalents at the end of the year 141,696 90,155 84,079 37,878 42,886 37,905 7,119 21,516 51,264 CHANGE IN CASH AND CASH EQUIVALENTS 51,541 6,076 48,770 (5,008) 4,981 (578) (14,397) (29,748) 31,620 |
Schedule of changes in equity attributable to non-controlling shareholders | 16.2.2 Changes in equity attributable to non-controlling shareholders Participation in capital stock Compagás: 49% Elejor: 30% UEG Araucária: 18.8% Total Balance as of January 1, 2017 146,818 23,910 89,316 260,044 Net income (loss) 55,837 28,866 (74) 84,629 Other comprehensive income (123) - - (123) Deliberation of additional dividends proposed - (11,053) - (11,053) Dividends (7,631) (23,205) - (30,836) Balance as of December 31, 2017 194,901 18,518 89,242 302,661 Net income (loss) 29,213 22,899 (15,171) 36,941 Other comprehensive income 91 - 63 154 Dividends (11,243) (25,224) - (36,467) Balance as of December 31, 2018 212,962 16,193 74,134 303,289 Net income (loss) 84,758 7,838 (19,673) 72,923 Other comprehensive income (626) - 25 (601) Deliberation of additional dividends proposed - (3,335) - (3,335) Dividends (23,514) (7,838) - (31,352) Gain with interest variation in Subsidiary - - 4,874 4,874 Balance as of December 31, 2019 273,580 12,858 59,360 345,798 |
Schedule of assets, liabilities and profit or loss of the main joint ventures | Total balances of the groups of assets, liabilities, profit or loss and equity interest in commitments and contingent liabilities of the main joint venture Voltalia Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira Balance as of December 31, 2019 ASSETS 226,898 271,409 486,305 2,295,925 1,318,517 1,625,008 2,482,326 1,496,577 Current assets 3,664 30,472 59,466 301,722 150,875 178,558 268,381 182,971 Cash and cash equivalents 1,494 3,968 6,570 85,293 44,805 20,338 48,395 60,252 Other current assets 2,170 26,504 52,896 216,429 106,070 158,220 219,986 122,719 Noncurrent assets 223,234 240,937 426,839 1,994,203 1,167,642 1,446,450 2,213,945 1,313,606 . LIABILITIES 226,898 271,409 486,305 2,295,925 1,318,517 1,625,008 2,482,326 1,496,577 Current liabilities 2,206 28,892 77,116 166,430 84,863 104,065 129,810 72,907 Financial liabilities - 7,584 13,468 82,665 33,102 60,399 93,643 48,619 Other current liabilities 2,206 21,308 63,648 83,765 51,761 43,666 36,167 24,288 Noncurrent liabilities - 82,699 126,095 677,398 545,742 810,847 1,208,089 733,326 Financial liabilities - 49,958 78,350 624,779 461,353 580,451 1,208,089 507,775 Other noncurrent liabilities - 32,741 47,745 52,619 84,389 230,396 - 225,551 Equity 224,692 159,818 283,094 1,452,097 687,912 710,096 1,144,427 690,344 . STATEMENT OF INCOME Net operating income - 25,180 44,264 250,188 111,912 198,573 357,522 138,259 Operating costs and expenses (111) (5,481) (5,672) (70,886) (29,067) (30,560) (384,228) (5,360) Financial results 146 (4,557) (6,594) (59,794) (42,548) (54,154) (99,186) (46,190) Equity in income of subsidiaries (7,080) - - - - - - - Income tax and social contribution (5) (5,348) (8,904) (33,103) (2,926) (47,024) 42,627 (29,498) Net income (loss) (7,050) 9,794 23,094 86,405 37,371 66,835 (83,265) 57,211 Other comprehensive income - - - - - - - - Total comprehensive income (7,050) 9,794 23,094 86,405 37,371 66,835 (83,265) 57,211 Investment interest - % 49.0 49.0 49.0 49.0 49.0 24.5 50.1 49.0 Investment book value 110,099 78,312 138,716 711,527 337,077 173,973 573,357 338,268 Voltalia Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira Balance as of December 31, 2018 ASSETS 227,867 261,951 465,801 2,199,434 1,295,670 1,574,846 2,365,160 1,443,693 Current assets 2,344 26,471 47,347 326,557 229,693 165,072 202,253 161,328 Cash and cash equivalents 205 1,128 1 116,634 136,191 13,931 19,568 301 Other current assets 2,139 25,343 47,346 209,923 93,502 151,141 182,685 161,027 Noncurrent assets 225,523 235,480 418,454 1,872,877 1,065,977 1,409,774 2,162,907 1,282,365 . LIABILITIES 227,867 261,951 465,801 2,199,434 1,295,670 1,574,846 2,365,160 1,443,693 Current liabilities 2,216 24,955 73,856 137,627 79,701 104,599 124,606 60,964 Financial liabilities - 7,615 13,228 70,192 27,950 55,968 33,964 46,329 Other current liabilities 2,216 17,340 60,628 67,435 51,751 48,631 90,642 14,635 Noncurrent liabilities - 84,672 127,284 687,897 487,520 814,798 1,273,962 734,724 Financial liabilities - 57,028 91,342 683,316 482,125 612,854 934,650 532,179 Other noncurrent liabilities - 27,644 35,942 4,581 5,395 201,944 339,312 202,545 Equity 225,651 152,324 264,661 1,373,910 728,449 655,449 966,592 648,005 . STATEMENT OF INCOME Net operating income - 25,129 42,379 272,103 181,665 (14,331) 514,591 195,441 Operating costs and expenses (103) (4,785) (7,732) (47,771) (27,273) (23,244) (462,839) (60,529) Financial results (170) (5,017) (7,817) (61,910) (35,036) (57,977) (59,507) (58,402) Equity in income of subsidiaries (7,815) - - - - - - - Income tax and social contribution - (5,053) (7,974) (59,544) (47,273) 28,163 2,685 (26,379) Net income (loss) (8,088) 10,274 18,856 102,878 72,083 (67,389) (5,070) 50,131 Other comprehensive income - - - - - - - - Total comprehensive income (8,088) 10,274 18,856 102,878 72,083 (67,389) (5,070) 50,131 Investment interest - % 49.0 49.0 49.0 49.0 49.0 24.5 50.1 49.0 Investment book value 110,568 74,639 129,684 673,216 356,941 160,584 484,262 317,523 Voltalia Transmissora Sul Brasileira Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira Balance as of December 31, 2017 ASSETS 155,272 659,464 230,743 466,783 2,774,973 1,428,247 1,698,213 1,722,063 952,670 Current assets 2,141 56,604 22,895 44,594 297,331 139,920 233,065 107,568 6,046 Cash and cash equivalents 3 25,547 1,626 2,224 116,256 34,364 29,066 96,244 5,169 Other current assets 2,138 31,057 21,269 42,370 181,075 105,556 203,999 11,324 877 Noncurrent assets 153,131 602,860 207,848 422,189 2,447,642 1,288,327 1,465,148 1,614,495 946,624 . LIABILITIES 155,272 659,464 230,743 466,783 2,774,973 1,428,247 1,698,213 1,722,063 952,670 Current liabilities 2,214 220,845 23,608 71,563 140,515 71,818 124,764 12,630 9,706 Financial liabilities - 212,618 7,427 13,240 48,686 32,627 53,317 - - Other current liabilities 2,214 8,227 16,181 58,323 91,829 39,191 71,447 12,630 9,706 Noncurrent liabilities - 116,818 92,774 163,790 928,706 502,713 911,107 792,519 534,764 Financial liabilities - 106,174 64,081 103,755 712,198 388,806 638,779 703,897 439,192 Other noncurrent liabilities - 10,644 28,693 60,035 216,508 113,907 272,328 88,622 95,572 Equity 153,058 321,801 114,361 231,430 1,705,752 853,716 662,342 916,914 408,200 . STATEMENT OF INCOME Net operating income - 53,374 (2,904) (14,460) 403,891 208,444 320,302 588,123 392,766 Operating costs and expenses (113) (63,752) (5,194) (4,245) (183,660) (93,369) (150,984) (434,779) (347,771) Financial results 9 (26,994) (6,017) (9,070) (47,331) (36,981) (59,132) (94,512) (35,207) Equity in income of subsidiaries (1,048) - - - - - - - - Income tax and social contribution - 12,330 5,908 9,070 (55,808) (26,303) (40,717) (19,955) (1,871) Net income (loss) (1,152) (25,042) (8,207) (18,705) 117,092 51,791 69,469 38,877 7,917 Other comprehensive income - - - - - - - - - Total comprehensive income (1,152) (25,042) (8,207) (18,705) 117,092 51,791 69,469 38,877 7,917 Investment interest - % 49.0 20.0 49.0 49.0 49.0 49.0 24.5 50.1 49.0 Investment book value 74,998 64,360 56,037 113,401 835,819 418,320 162,273 459,374 200,018 |
Schedule of assets, liabilities and profit or loss of the main associates | 16.4 Total balances of the groups of assets, liabilities, profit or loss and equity interest in contingent liabilities of the main associates Balance as of December 31, 2019 Dona Francisca Foz do Chopim 12.31.2019 12.31.2018 12.31.2017 12.31.2019 12.31.2018 12.31.2017 ASSETS 130,883 134,141 138,079 61,635 106,736 61,163 Current assets 13,406 12,493 10,304 31,054 73,786 21,553 Noncurrent assets 117,477 121,648 127,775 30,581 32,950 39,610 . - LIABILITIES 130,883 134,141 138,079 61,635 106,736 61,163 Current liabilities 4,344 4,231 4,144 2,354 57,603 1,808 Noncurrent liabilities 3,118 3,361 4,443 25,243 26,133 22,776 Equity 123,421 126,549 129,492 34,038 23,000 36,579 . STATEMENT OF INCOME Net operating income 70,717 70,716 70,716 56,929 46,479 40,441 Operating costs and expenses (25,957) (25,268) (30,379) (16,278) (2,020) (21,124) Financial income (expense) 475 366 835 621 (638) 809 Income tax and social contribution (2,454) (2,446) (2,632) (2,346) (6,880) (1,547) Net income 42,781 43,368 38,540 38,926 36,941 18,579 Other comprehensive income - - - - - - Total comprehensive income 42,781 43,368 38,540 38,926 36,941 18,579 Investment interest - % 23.0303 23.0303 23.0303 35.77 35.77 35.77 Investment book value 28,423 29,144 29,821 12,175 8,227 13,084 |
17. Property, Plant and Equipme
17. Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Property, plant and equipment [abstract] | |
Schedule of property plant and equipment | 17.1 Property, plant and equipment by asset class Accumulated Accumulated Cost depreciation 12.31.2019 Cost depreciation 12.31.2018 In service Reservoirs, dams and aqueducts 8,082,238 (4,405,546) 3,676,692 6,643,087 (4,216,613) 2,426,474 Machinery and equipment 8,875,458 (2,871,568) 6,003,890 5,648,292 (2,674,150) 2,974,142 Buildings 1,962,033 (1,054,009) 908,024 1,500,990 (1,021,783) 479,207 Land 490,071 (27,651) 462,420 375,286 (18,184) 357,102 Vehicles and aircraft 47,960 (44,876) 3,084 47,744 (41,978) 5,766 Furniture and tools 22,415 (14,466) 7,949 22,057 (12,642) 9,415 (-) Impairment (1,042,499) - (1,042,499) (3,489) - (3,489) (-) Special Obligations (78) 35 (43) (68) 27 (41) 18,437,598 (8,418,081) 10,019,517 14,233,899 (7,985,323) 6,248,576 In progress Cost 700,172 - 700,172 5,789,780 - 5,789,780 (-) Impairment (127,586) - (127,586) (1,197,693) - (1,197,693) 572,586 - 572,586 4,592,087 - 4,592,087 19,010,184 (8,418,081) 10,592,103 18,825,986 (7,985,323) 10,840,663 |
Schedule of changes in property plant and equipment | 17.2 Changes in property, plant and equipment Balance as of January 1, 2019 Additions / Impairment Depreciation Loss on disposal Transfers Balance as of December 31, 2019 In service Reservoirs, dams and aqueducts 2,426,474 - (188,334) (42) 1,438,594 3,676,692 Machinery and equipment 2,974,142 - (409,571) (141,902) 3,581,221 6,003,890 Buildings 479,207 - (52,330) - 481,147 908,024 Land 357,102 - (9,466) (463) 115,247 462,420 Vehicles and aircraft 5,766 - (3,482) (128) 928 3,084 Furniture and tools 9,415 - (2,007) (9) 550 7,949 (-) Impairment (17.7 and 17.8) (3,489) 61,112 - - (1,100,122) (1,042,499) (-) Special Obligations (41) - 8 - (10) (43) 6,248,576 61,112 (665,182) (142,544) 4,517,555 10,019,517 In progress Cost 5,789,780 551,162 - (15,540) (5,625,230) 700,172 (-) Impairment (17.7 and 17.8) (1,197,693) (30,015) - - 1,100,122 (127,586) 4,592,087 521,147 - (15,540) (4,525,108) 572,586 10,840,663 582,259 (665,182) (158,084) (7,553) 10,592,103 Balance as of Additions/ impairment Loss on Balance as of January 1, 2018 Depreciation disposal Transfers December 31, 2018 In service Reservoirs, dams and aqueducts 2,566,727 - (144,991) (1) 4,739 2,426,474 Machinery and equipment 2,665,935 - (199,846) (61,959) 570,012 2,974,142 Buildings 510,923 - (35,932) (500) 4,716 479,207 Land 262,378 - (2,897) (83) 97,704 357,102 Vehicles and aircraft 10,342 - (4,484) (392) 300 5,766 Furniture and tools 5,514 - (1,171) (24) 5,096 9,415 (-) Impairment (4,986) 1,497 - - - (3,489) (-) Special Obligations (38) - 9 - (12) (41) 6,016,795 1,497 (389,312) (62,959) 682,555 6,248,576 In progress Cost 5,023,013 1,455,318 - (5,491) (683,060) 5,789,780 (-) Impairment (1,210,358) 12,665 - - - (1,197,693) 3,812,655 1,467,983 - (5,491) (683,060) 4,592,087 9,829,450 1,469,480 (389,312) (68,450) (505) 10,840,663 |
Schedule of joint operations property plant and equipment | 17.5 Joint operations - consortiums The amounts recorded under property, plant and equipment referring to the share of interest of Copel GeT in consortiums are shown below: Joint operations Share Copel GeT (%) Annual average depreciation 12.31.2019 12.31.2018 HPP Gov. Jayme Canet Júnior (Mauá) - Consórcio Energético Cruzeiro do Sul 51.0 In service 859,917 859,917 (-) Accumulated depreciation 3.43 (206,000) (176,546) In progress 16,789 22,738 670,706 706,109 HPP Baixo Iguaçu (17.5.1) 30.0 In service 692,593 - (-) Accumulated depreciation 3.27 (19,038) - In progress 49,240 717,599 722,795 717,599 1,393,501 1,423,708 |
Schedule of impairment balances | The projects with impairment balances recorded at December 31, 2019 are the following: Property, Plant and Equipment Value in use Cost Depreciation Impairment HPP Colíder 2,473,886 (75,917) (777,294) 1,620,675 Wind power complex Cutia 1,253,371 (59,214) (54,104) 1,140,053 Consórcio Tapajós (a) 14,464 - (14,464) - Power plants in Paraná 970,923 (53,762) (237,576) 679,585 4,712,644 (188,893) (1,083,438) 3,440,313 (a) Project under development |
Schedule of impairment of property plant and equipment | The Company reviewed the recoverable amount of property, plant and equipment and, as a result of these analyses, the impairment changed as follows: Balance as of Impairment Balance as of Impairment Transfer Impairment January 1, 2018 December 31, 2018 December 31, 2019 In service UHE Colíder (17.7.1) - - - (45,547) (731,747) (777,294) Wind power complex Cutia (17.7.2) - - - 114,144 (168,248) (54,104) Wind power complex Bento Miguel (17.7.2) - - - 87,370 (87,370) - Power plants in Paraná (17.7.3) (4,986) 1,497 (3,489) (13,534) (112,756) (129,779) (4,986) 1,497 (3,489) 142,433 (1,100,121) (961,177) In progress HPP Colíder (17.7.1) (683,021) (48,244) (731,265) (482) 731,747 - Wind power complex Cutia (17.7.2) (224,510) 56,635 (167,875) (373) 168,248 - Wind power complex Bento Miguel (17.7.2) (98,231) 13,610 (84,621) (2,749) 87,370 - Consórcio Tapajós (14,464) - (14,464) - - (14,464) Power plants in Paraná (17.7.3) (190,132) (9,336) (199,468) (21,085) 112,756 (107,797) (1,210,358) 12,665 (1,197,693) (24,689) 1,100,121 (122,261) (1,215,344) 14,162 (1,201,182) 117,744 - (1,083,438) |
Schedule of impairment risk | the Company carried out a sensitivity analysis, increasing the discount rate shown below by 5% and 10% to assess the risk of impairment of each plant. Cash generating unit Discount rate RA/CA-1 RA/CA-1 (5% Variation) RA/CA-1 (10% Variation) Impairment Risk Wind power Assets Complex EOL São Bento (a) 7.24% 9.09% 6.77% 4.52% - Complex EOL Brisa I (b) 7.24% 35.66% 31.89% 28.30% - Complex EOL Brisa II (c) 7.24% 36.07% 31.69% 27.54% - Thermal Assets UEG Araucária 7.76% 0.00% -2.04% -4.01% 11,412 Hydric Assets Foz do Areia 5.45% 217.22% 215.52% 213.85% - Segredo 5.45% 205.09% 200.80% 196.60% - Caxias 5.45% 153.49% 149.69% 145.98% - Guaricana 5.45% 31.09% 29.82% 28.56% - Chaminé 5.45% 80.03% 78.31% 76.62% - Apucaraninha 5.45% 38.17% 36.77% 35.39% Chopim I 5.45% 151.57% 146.48% 141.55% - São Jorge 5.45% 0.40% -0.46% -1.31% 44 Mauá 5.45% 83.84% 79.69% 75.68% - Cavernoso II 5.45% 17.10% 14.23% 11.47% - Bela Vista 5.45% 66.92% 54.22% 42.31% - Elejor 7.00% 48.34% 44.52% 40.85% - (a) Contemplates the GE Boa Vista, GE Farol, GE Olho D’Água and GE São Bento do Norte wind farms. (b) Contemplates the Nova Asa Branca I, Nova Asa Branca II, Nova Asa Branca III and Nova Eurus IV wind farms. (c) Contemplates the Santa Maria, Santa Helena and Ventos de Santo Uriel wind farms. |
Schedule of average depreciation rates | 17.10 Depreciation rates Depreciation rates (%) 12.31.2019 12.31.2018 Average generation segment rates (Note 17.10.1) General equipment 6.33 6.25 Machinery and equipment 3.67 3.56 Generations 3.38 3.34 Reservoirs, dams and ducts 2.50 2.21 Hydraulic turbines 2.89 2.60 Gas and steam turbines 2.00 2.00 Water cooling and treatment 4.00 4.00 Gas conditioner 4.00 4.00 Wind power plant unit 5.49 3.71 Average rates for central government assets Buildings 3.35 3.35 Machinery and office equipment 6.25 6.25 Furniture and fixtures 6.25 6.25 Vehicles 14.29 14.29 Telecommunications segment rates (Note 17.10.2) Infrastructure backbone 3% to 5% 3% to 5% Infrastructure last mile 17% to 25% 3% to 17% Other infrastructure equipment 7% to 20% 7% to 20% |
18 Intangible Assets (Tables)
18 Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of detailed information about intangible assets [abstract] | |
Schedule of inangible assets | 12.31.2019 12.31.2018 Concession agreement - distribution of electricity (18.1) 5,703,686 5,390,063 Generation concession agreements/ authorization (18.2) 582,671 593,852 Concession agreement - piped gas distribution (18.3) - 3,619 Others (18.4) 46,254 41,563 6,332,611 6,029,097 |
Schedule of changes in intangible assets | 18.1 Power distribution service concession Intangible asset Special liabilities Total in service in progress in service in progress Balance as of January 1, 2018 7,907,965 714,446 (2,845,438) (26,100) 5,750,873 Transfers to accounts receivable related to concession (Note 11.1) - (714,446) - 26,100 (688,346) Capitalizations for intangible in service (Note 11.1) 775,701 - (107,679) - 668,022 Amortization of quotas - concession (a) (431,963) - 130,388 - (301,575) Amortization of quotas - PIS/Pasep and Cofins credits (10,813) - - - (10,813) Loss on disposal (28,098) - - - (28,098) Balance as of December 31, 2018 8,212,792 - (2,822,729) - 5,390,063 Incorporations (Note 10.1) 2,625 - (2,550) - 75 Transfers from contract assets (Note 11.1) 771,844 - (93,164) - 678,680 Transfers to investments (7) - - - (7) Transfers to other receivables (1,520) - - - (1,520) Amortization of quotas - concession (a) (461,370) - 134,864 - (326,506) Amortization of quotas - PIS/Pasep and Cofins credits (10,740) - - - (10,740) Loss on disposal (26,359) - - - (26,359) Balance as of December 31, 2019 8,487,265 - (2,783,579) - 5,703,686 (a) Amortization during the concession as of the start of commercial operations of the enterprises or based on the useful life of the assets, of the two the shortest. |
Schedule of generation concession agreements | 18.2 Generation concession agreements Concession contract (a) Concession and in service in progress authorization rights Total Balance as of January 1, 2018 236,443 6,977 375,801 619,221 ANEEL grant - use of public property - 302 - 302 Business combination - - 4,845 4,845 Amortization of quotas - concession and authorization (b) (17,311) - (13,205) (30,516) Capitalizations for intangible in service 7,279 (7,279) - Balance as of December 31, 2018 226,411 - 367,441 593,852 Business combination effects (Note 1.2) - - 20,113 20,113 Amortization of quotas - concession and authorization (b) (16,944) - (14,350) (31,294) Balance as of December 31, 2019 209,467 - 373,204 582,671 (a) Includes the balances of use of public asset and hydrological risk renegotiation (b) Amortization during the concession/authorization as of the start of commercial operations of the enterprises. |
Schedule of piped gas distribution service concession | 18.3 Piped gas distribution service concession in service in progress Total Balance as of January 1, 2018 24,417 19,471 43,888 Transfers to accounts receivable related to concession (Note 11.2) - (19,471) (19,471) Capitalizations for intangible in service (Note 11.2) 2,042 - 2,042 Amortization of quotas - concession (22,759) - (22,759) Loss on disposal (81) - (81) Balance as of December 31, 2018 3,619 - 3,619 Transfers from accounts receivable - concessions (Note 10.2) 24,835 - 24,835 Amortization of quotas - concession (28,454) - (28,454) Balance as of December 31, 2019 - - - |
Schedule of other intangible assets | 18.4 Other intangible assets in service in progress Total Balance as of January 1, 2018 22,693 16,149 38,842 Effect of acquisition of control of Costa Oeste and Marumbi - 37 37 Acquisitions - 7,589 7,589 Transfers from property, plant and equipment 112 1,979 2,091 Capitalizations for intangible in service 9,448 (9,448) - Amortization of quotas (a) (6,410) - (6,410) Amortization of quotas - PIS/Pasep and Cofins credits (23) - (23) Loss on disposal (190) (373) (563) Balance as of December 31, 2018 25,630 15,933 41,563 Acquisitions - 5,032 5,032 Transfers from property, plant and equipment (1,471) 10,217 8,746 Capitalizations for intangible in service 16,118 (16,118) - Amortization of quotas (a) (8,646) - (8,646) Amortization of quotas - PIS/Pasep and Cofins credits (11) - (11) Loss on disposal - (430) (430) Balance as of December 31, 2019 31,620 14,634 46,254 (a) Annual amortization rate: 20%. |
19 Payroll, Social Charges an_2
19 Payroll, Social Charges and Accruals (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Payroll Social Charges And Accruals [Abstract] | |
Schedule of payroll social charges and accruals | 12.31.2019 12.31.2018 Social security liabilities Taxes and social contribution 47,022 54,653 Social security charges on paid vacation and 13th salary 29,182 30,010 76,204 84,663 Labor liabilities Payroll, net 3,330 1,308 Vacation and 13th salary 98,648 101,327 Provisons for profit sharing 156,040 91,526 Voluntary retirement program 2,820 5,349 Other liabilities 2 6 260,840 199,516 337,044 284,179 |
20 Accounts payable to suppli_2
20 Accounts payable to suppliers (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Accounts Payable To Suppliers [Abstract] | |
Schedule of accounts payable to suppliers | 12.31.2018 12.31.2017 Energy supplies 819,792 986,689 Materials and supplies 384,300 521,969 Natural gas for resale 95,478 101,026 Charges for use of grid system 169,629 117,362 1,469,199 1,727,046 Current 1,419,243 1,683,577 Noncurrent 49,956 43,469 |
21 Loans and Financing (Tables)
21 Loans and Financing (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Loans And Financing [Abstract] | |
Schedule of borrowings | Contractual Effective 12.31.2019 12.31.2018 Issue Number of Final Payment financial interest Contract Contracts Company Allocation Guarantees Date installment maturity of charges charges p.y. rate p.y. amount FOREIGN CURRENCY National Treasury Department (STN - Secretaria do Tesouro Nacional) Par Bond Copel Debt negotiation Guarantees deposited (21.1). 05.20.1998 1 04.11.2024 Half-yearly 6.0% + 0.20% 6.0% + 0.20% 17,315 64,325 61,837 Discount Bond 05.20.1998 1 04.11.2024 Half-yearly 3.5% + 0.20% 3.5% + 0.20% 12,082 44,658 42,914 Total foreign currency 108,983 104,751 LOCAL CURRENCY Banco do Brasil CCB 330.600.773 Copel DIS Working capital. Credit assignment. 07.11.2014 3 07.11.2019 Half-yearly 111.8% of DI 111.8% of DI 116,667 - 40,173 CFX 17/35959-7 Copel DIS 05.16.2017 2 05.06.2019 Quarterly 12.0% 12.0% 75,000 - 38,262 CCB 21/00851-5 Copel DIS 06.30.2017 2 06.13.2019 Quarterly 11.0% 11.0% 38,889 - 19,644 CCB 17/35960-0 Copel DIS 07.27.2017 2 07.17.2019 Quarterly 11.0% 11.0% 50,333 - 51,681 CFX 17/35958-9 Copel DIS 08.15.2017 2 08.05.2019 Quarterly 11.0% 11.0% 58,333 - 59,366 NCI 330.600.132 Copel HOL 02.28.2007 3 02.28.2019 Half-yearly 107.8% of DI 107.8% of DI 231,000 - 78,735 CCB 306.401.381 Copel HOL 12.19.2019 5 03.25.2022 Quarterly 120.00% of DI 126.99% of DI 640,005 640,530 648,953 NCI 306.401.445 Copel HOL 02.24.2017 2 02.15.2020 Half-yearly 124.5% of DI 136.15% of DI 77,000 39,446 79,225 679,976 1,016,039 Eletrobras 981/95 Copel DIS National Program for Watering - Proni. Own revenue; issue of promissory notes and commercial duplicates. 12.22.1994 80 08.15.2019 Quarterly 8.0% 8.0% 1,169 - 49 982/95 12.22.1994 80 11.15.2019 Quarterly 8.0% 8.0% 1,283 - 24 983/95 12.22.1994 80 11.15.2020 Quarterly 8.0% 8.0% 11 26 51 984/95 12.22.1994 80 11.15.2020 Quarterly 8.0% 8.0% 14 11 22 985/95 12.22.1994 80 08.15.2021 Quarterly 8.0% 8.0% 61 11 17 206/07 Rural Electricity Program - Luz para Todos. 03.03.2008 120 08.30.2020 Monthly 5.0%+ 1.0% 5.05% 109,642 5,953 14,882 273/09 02.18.2010 120 12.30.2022 Monthly 5.0%+ 1.0% 5.0%+ 1.0% 63,944 4,933 6,577 10,934 21,622 Caixa Econômica Federal Copel DIS Rural Electricity Program - Luz para Todos. Own revenue; issue of promissory notes and commercial duplicates. 415.855-22/14 03.31.2015 120 12.08.2026 Monthly 6.0% 6.0% 16,984 13,410 15,298 3153-352 Acquisition of machinery, equipment and IT and automation equipment. Assignment of trade notes receivable. 11.01.2016 36 12.15.2021 Monthly 5.5 % above TJLP 5.5 % above TJLP 1,156 331 496 13,741 15,794 Finep 21120105-00 Copel Tel BEL project - ultra wide band intranet service (Ultra Wide Band - UWB). Lock of proceeds received in current account. 07.17.2012 81 10.15.2020 Monthly 4.0% 4.39% 35,095 2,626 5,778 21120105-00 07.17.2012 81 10.15.2020 Monthly 3.5% + TR 3.88% + TR 17,103 2,219 4,881 4,845 10,659 Payment of the first installment of debentures and cash enhancement of Copel Get. Promissory notes Copel GeT Surety of Copel. 05.12.2017 1 05.12.2019 Single installment 117% of DI 117% of DI 500,000 - 572,419 - 572,419 Banco do Brasil - BNDES Transfer 21/02000-0 Copel GeT Implementation of Mauá HPP. Revenue from energy sales from the plant. 04.16.2009 179 01.15.2028 Monthly 2.13% above TJLP 2.13% above TJLP 169,500 95,807 107,324 95,807 107,324 Contractual Effective 12.31.2019 12.31.2018 Issue Number of Final Payment financial interest Contract Contracts Company Allocation Guarantees Date installment maturity of charges charges p.y. rate p.y. amount BNDES 820989.1 Copel GeT Implementation of Mauá HPP. Revenue from energy sales from the plant. 03.17.2009 179 01.15.2028 Monthly 1.63% above TJLP 1.63% above TJLP 169,500 95,807 107,326 1120952.1 Implementation of transmission line between Foz do Iguaçu and Cascavel Oeste substations. Assignment of receivables; revenue from energy transmission services. 12.16.2011 168 04.15.2026 Monthly 1.82% and 1.42% above TJLP 1.82% and 1.42% above TJLP 44,723 21,090 24,344 1220768.1 Implementation of Cavernoso II SHP. Revenue from energy sales from the plant. 09.28.2012 192 07.15.2029 Monthly 1.36% above TJLP 1.36% above TJLP 73,122 46,240 50,908 13211061 Implementation of Colíder HPP. Assignment of receivables 12.04.2013 192 10.15.2031 Monthly 0% and 1.49% above TJLP 6.43% and 7.68% 1,041,155 817,329 844,940 13210331 Implementation of Cerquilho III substation. 12.03.2013 168 08.15.2028 Monthly 1.49% and 1.89% above TJLP 1.49% and 1.89% above TJLP 17,644 11,385 12,659 15206041 Implementation of transmission line Assis - Paraguaçu Paulista II. 12.28.2015 168 06.15.2030 Monthly 2.42% above TJLP 9.04% 34,265 22,419 24,477 15205921 Implementation of transmission lines Londrina - Figueira and Salto Osório - Foz do Chopim. 12.28.2015 168 12.15.2029 Monthly 2.32% above TJLP 8.93% 21,584 13,526 14,832 18205101 Implementation of Baixo Iguaçu HPP. 11.22.2018 192 06.15.2035 Monthly 1.94% above TJLP 8.50% 194,000 196,827 162,229 14205611-A Copel DIS Preservation of business, improvements, operating support and general investments in the expansion and consolidation of projects and social investment programs of companies (ISE). Surety of Copel; assignment of revenues and indemnity rights under the concession. 12.15.2014 72 01.15.2021 Monthly 2.09% above TJLP 8.37% 41,583 7,611 14,591 14205611-B 12.15.2014 6 02.15.2021 Annual 2.09 above TR BNDES 2.09 above TR BNDES 17,821 8,288 11,992 14205611-C 12.15.2014 113 06.15.2024 Monthly 6.0% 6.0% 78,921 35,267 43,097 14205611-D 12.15.2014 57 02.15.2021 Monthly TJLP TJLP 750 11 20 14.2.1271.1 Santa Maria Construction and implementation of wind generating plants. Surety of Copel; pledge of shares; assignment of receivables and revenues. 06.01.2015 192 08.15.2031 Monthly 1.66% above TJLP 8.26% 71,676 45,582 49,336 14.2.1272.1 Santa Helena 06.01.2015 192 08.15.2031 Monthly 1.66% above TJLP 8.26% 82,973 49,458 53,531 11211521 GE Farol Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment. 03.19.2012 192 06.15.2030 Monthly 2.34% above TJLP 2.34% above TJLP 54,100 41,388 45,158 11211531 GE Boa Vista 03.19.2012 192 06.15.2030 Monthly 2.34% above TJLP 2.34% above TJLP 40,050 30,598 33,385 11211541 GE S.B. do Norte 03.19.2012 192 06.15.2030 Monthly 2.34% above TJLP 2.34% above TJLP 90,900 69,394 75,715 11211551 GE Olho D'Água 03.19.2012 192 06.15.2030 Monthly 2.34% above TJLP 2.34% above TJLP 97,000 74,112 80,862 18204611 Cutia Pledge of shares; assignment of receivables. 10.25.2018 192 07.15.2035 Monthly 2.04% above TJLP 8.37% 619,405 611,457 517,083 13212221 - A Costa Oeste Implementation of transmission line between Cascavel Oeste and Umuarama Sul substations and implementation of Umuarama Sul substation. Assignment of receivables; 100% of pledged shares. 12.03.2013 168 11.30.2028 Monthly 1.95% + TJLP 1.95% + TJLP 27,634 19,203 21,291 13212221 - B 12.03.2013 106 09.30.2023 Monthly 3.5% 3.5% 9,086 2,992 3,789 14205851 - A Marumbi Implementation of transmission line between Curitiba and Curitiba Leste and implementation of Curitiba Leste substation. 07.08.2014 168 06.30.2029 Monthly 2.00% + TJLP 2.00% + TJLP 33,460 24,627 27,134 14205851 - B 07.08.2014 106 04.30.2024 Monthly 6.0% 6.0% 21,577 9,813 12,076 2,254,424 2,230,775 Total local currency 3,059,727 3,974,632 Gross debt 3,168,710 4,079,383 (-) Transaction cost (26,327) (32,076) Net debt 3,142,383 4,047,307 Current 255,521 1,113,047 Noncurrent 2,886,862 2,934,260 |
Schedule of borrowings by currency and index | 21.2 Breakdown of loans and financing by currency and index 12.31.2019 % 12.31.2018 % Foreign currency - change in currencies in the period (%) U.S. Dollar 4.02 108,983 3.47 104,751 2.59 108,983 3.47 104,751 2.59 Local currency - indexes at period end (%) TJLP 5.57 2,271,187 72.30 2,245,786 55.49 CDI 4.40 676,720 21.54 1,410,479 34.85 TR - 2,202 0.07 4,842 0.12 IPCA 4.31 8,288 0.26 11,992 0.30 Without indexer (annual fixed rate) - 75,003 2.36 269,457 6.65 3,033,400 96.53 3,942,556 97.41 3,142,383 100.00 4,047,307 100.00 |
Schedule of maturity of noncurrent installments | 21.3 Maturity of noncurrent installments 12.31.2019 Gross debt (-) Transaction cost Net debt 2021 706,500 (2,781) 703,719 2022 319,580 (2,061) 317,519 2023 191,584 (1,618) 189,966 2024 295,366 (1,625) 293,741 2025 185,009 (1,622) 183,387 After 2025 1,211,911 (13,381) 1,198,530 2,909,950 (23,088) 2,886,862 |
Schedule of changes in borrowings | 21.4 Changes in loans and financing Foreign currency Local currency Total Balance as of January 1, 2018 89,270 3,670,235 3,759,505 Effect of acquisition of control of Costa Oeste and Marumbi - 66,775 66,775 Funding - 1,314,766 1,314,766 Charges 5,038 289,365 294,403 Monetary and exchange variations 15,161 11,936 27,097 Amortization - principal - (1,126,144) (1,126,144) Payment - charges (4,718) (284,377) (289,095) Balance as of December 31, 2018 104,751 3,942,556 4,047,307 Funding - 796,296 796,296 Charges 5,599 268,950 274,549 Monetary and exchange variations 4,170 6,907 11,077 Amortization - principal - (1,660,869) (1,660,869) Payment - charges (5,537) (320,440) (325,977) Balance as of December 31, 2019 108,983 3,033,400 3,142,383 |
Schedule of financial covenants | The financial covenants contained in the agreements are presented below: Company Contract Annual financial index Limit Copel GeT BNDES Finem No. 820989.1 - Mauá EBITDA / Net financial results ≥ 1.3 Banco do Brasil No. 21/02000-0 - Mauá Copel DIS BNDES Finem No. 14205611 Financial indebtedness / adjusted EBITIDA ≤ 4.0 Santa Maria BNDES Finem No. 14212711 Debt service coverage ratio ≥ 1.3 Santa Helena BNDES Finem No. 14212721 São Bento Energia, Investimento e Participações BNDES Assignment Agreement Debt service coverage ratio ≥ 1.3 GE Boa Vista S.A. BNDES Finem No. 11211531 GE Farol S.A. BNDES Finem No. 11211521 GE Olho D´Água S.A. BNDES Finem No. 11211551 GE São Bento do Norte S.A. BNDES Finem No. 11211541 Cutia BNDES Finem No. 18204611 Debt service coverage ratio (a) ≥ 1.2 Costa Oeste BNDES Finem No. 13212221 Debt service coverage ratio ≥ 1.3 Marumbi BNDES Finem No. 14205851 Debt service coverage ratio ≥ 1.3 Financing for businesses - Finem (a) financial ratio calculated based on the amounts of the consolidated financial statements of Cutia Empreendimentos Eólicos S.A. |
22 Debentures (Tables)
22 Debentures (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Debentures [Abstract] | |
Schedule of debentures | Issue Number of Final Payment Contractual financial Effective interest Contract Company Issue Characteristics Allocation Guarantees Date installment maturity of charges charges p.y. rate p.y. amount 12.31.2019 12.31.2018 Copel 5th (a) Working capital or used to make investments in the issuer. Personal guarantee 05.13.2014 3 05.13.2019 Half-yearly 111.5% of DI 111.5% of DI 1,000,000 - 336,341 6th 06.28.2017 1 06.28.2019 Single installment 117.0% of DI 117.0% of DI 520,000 - 586,230 7th 01.19.2018 2 01.19.2021 Half-yearly 119.0% of DI 125.18% of DI 600,000 617,378 619,998 8th Payment of the 6th issue of debentures and working capital increase 06.14.2019 1 06.14.2022 Half-yearly 106.0% of DI 110.93% of DI 500,000 500,906 - Copel GeT 1st (a) Working capital or used to make investments in the issuer. Personal guarantee 05.15.2015 3 05.15.2020 Annual 113.0% of DI 114.29% of DI 1,000,000 346,906 696,593 2nd 07.13.2016 2 07.13.2019 Annual 121.0% of DI 121.0% of DI 1,000,000 - 517,565 3rd 10.20.2017 3 10.20.2022 Half-yearly 126.0% of DI 131.21% of DI 1,000,000 1,011,691 1,014,685 4th Full early redemption of the 4th issue of the Company’s trade promissory notes and partial payment of the 1st amortization installment of the 2nd issue of debentures. 07.23.2018 3 07.23.2023 Half-yearly 126.0% of DI 133.77% of DI 1,000,000 1,030,054 1,032,762 5th (b) Reimbursement of expenses related to the construction of the Transmission Lines Araraquara II - Taubaté, Assis - Londrina and Foz do Chopim. 09.25.2018 5 09.15.2025 Half-yearly IPCA + 7.6475% IPCA+ 8.3295% 290,000 308,464 295,448 6th (1st serie) (c) Full early redemption of the 5th issue of the Company’s trade promissory notes and partial payment of the 2nd amortization installment of the 2nd issue of debentures. 07.15.2019 2 07.15.2024 Half-yearly 109.0% of DI 111.25% of DI 800,000 818,406 - 6th (2nd serie) Reimbursement of expenses related to the Colíder HPP and Baixo Iguaçu HPP projects 07.15.2019 1 07.15.2025 Half-yearly IPCA + 3.90% IPCA+ 4.46% 200,000 205,677 - Copel DIS 2nd (a) Working capital or used to make investments in the issuer. Personal guarantee 10.27.2016 2 10.27.2019 Annual 124.0% of DI 130.37% of DI 500,000 - 253,226 3rd 10.20.2017 2 10.20.2022 Half-yearly 126.0% of DI 130.85% of DI 500,000 505,846 507,342 4th Working capital and payment of the 1st installment of amortization of the 2nd issue of debentures. 09.27.2018 3 09.27.2023 Half-yearly DI + spread 2.70% CDI + 3.96% 1,000,000 1,019,626 1,020,260 5th (serie 1) (c) Investment for expansion, renovation or improvement and reimbursement of expenses of the Issuer's electricity distribution network linked to concession contract No. 46/1999 of ANEEL. 11.15.2019 3 11.15.2027 Half-yearly IPCA + 4.20% p.a. IPCA+ 4.61% p.a. 500,000 506,180 - 5th (serie 1) Reinforcement of working capital and recomposition of cash by the final amortization of the 2nd issue of debentures. 11.15.2019 2 11.15.2027 Half-yearly DI + spread 1.45% CDI + 1.65% 350,000 351,914 - Copel CTE 1st (a) Deployment, expansion and modernization of the telecommunication network. Personal guarantee 10.15.2015 5 10.15.2024 Half-yearly IPCA + 7.9633% IPCA+ 8.1073% 160,000 195,429 188,278 2nd 07.15.2017 1 07.15.2022 Half-yearly IPCA + 5.4329% IPCA+ 6.1036% 220,000 246,355 237,214 3rd Investments in the issuer. 05.15.2019 3 05.15.2024 Half-yearly 117.0% of DI 119.58% of DI 210,000 211,348 - Brisa Potiguar 2nd (1st serie) (d) Implementation of wind generating plants. Real and personal guarantee and pledge of Copel GeT shares. 03.24.2016 192 07.15.2032 Monthly TJLP + 2.02% TJLP + 2.02% 147,575 119,171 128,242 2nd (2nd serie) 03.24.2016 192 07.15.2032 Monthly IPCA + 9.87% IPCA+ 10.92% 153,258 135,657 141,069 Cutia 1st (b) Construction and implementation of wind generating plants. Personal guarantee 03.20.2019 26 12.15.2031 Half-yearly IPCA + 5.8813% IPCA+ 6.83% 360,000 352,829 - Compagás 2nd (e) Issuer's investment plan fund. Floating 04.15.2016 54 12.15.2021 Quarterly TJLP + 2.17% TJLP + 2.17% 33,620 6,001 8,973 SELIC + 2.17% SELIC + 2.17% - 5,782 8,678 3rd (f) Issuer's investment plan fund. Real 12.17.2019 18 06.28.2021 Monthly DI + Spread 0.88% p.a. 5.68% p.a. 43,000 44,746 - Gross debt 8,540,366 7,592,904 (-) Transaction cost (110,656) (74,773) Net debt 8,429,710 7,518,131 Current 1,164,301 2,184,881 Noncurrent 7,265,409 5,333,250 (a) Simple debentures, single series, not convertible into shares, unsecured, for public distribution with restricted placement efforts, according to CVM No. 476. Guarantor: Copel. Trustee: Pentágono S.A. DTVM. (b) Simple debentures, single series, not convertible into shares, with security interest and additional personal guarantee, for public distribution with restricted efforts, pursuant to CVM Instruction No. 476. Guarantor: Copel. Trustee: Pentágono S.A. DTVM. (c) Simple debentures, two series, not convertible into shares, unsecured, for public distribution with restricted placement efforts, according to CVM No. 476. Guarantor: Copel. Trustee: Pentágono S.A. DTVM. (d) Simple debentures, two series, not convertible into shares, issued privately. Companies: Nova Asa Branca I, Nova Asa Branca II, Nova Asa Branca III, Nova Eurus e Ventos de Santo Uriel. Guarantor: Copel. They have no trustee. (e) Simple registered debentures, single series, with private issue and exclusive placement by BNDESPAR. Guarantor: Compagás. Trustee: BNDES Participações S.A. BNDESPAR. (f) Simple and registered debentures, with a single series, in private issue, with public distribution of restricted efforts. Guarantor: Compagás. Trustee: Simplific Pavarini DTVM Ltda. |
Schedule of maturity of noncurrent installments | 22.1 Maturity of noncurrent installments 12.31.2019 Gross debt (-) Transaction cost Net debt 2021 1,851,659 (20,991) 1,830,668 2022 2,393,255 (20,900) 2,372,355 2023 1,290,978 (13,143) 1,277,835 2024 640,764 (7,438) 633,326 2025 478,666 (5,505) 473,161 After 2025 694,561 (16,497) 678,064 7,349,883 (84,474) 7,265,409 |
Schedule of changes in debentures | 22.2 Changes in debentures Balance as of January 1, 2018 6,070,978 Funding 2,890,283 Charges and monetary variations 549,539 Amortization - principal (1,491,667) Payment - charges (501,002) Balance as of December 31, 2018 7,518,131 Funding 2,965,028 Charges and monetary variations 623,795 Amortization - principal (1,977,125) Payment - charges (700,119) Balance as of December 31, 2019 8,429,710 |
Schedule of financial covenants | The financial covenants contained in the agreements are presented as follows: Company Contract Annual financial index Limit Copel 7 th Consolidated net debt / Consolidated EBITDA ≤ 3.5 8 th Copel GeT 1 st 3 rd 4 th 5 th 6 th Copel DIS 3 rd 4 th 5 th Copel TEL 1 st 2 nd 3 rd Compagás 2 nd Net debt / EBTIDA General Indebtedness ≤ 3.5 ≤ 0.7 3 rd Net debt / EBTIDA ≤ 3.5 Nova Asa Branca I Debt service coverage ratio ≥ 1.3 Nova Asa Branca II Nova Asa Branca III 2 nd Nova Eurus IV Ventos de Santo Uriel Cutia 1 st Debt service coverage ratio (a) ≥ 1.2 (a) financial ratio calculated based on the amounts of the consolidated financial statements of Cutia Empreendimentos Eólicos S.A. |
23 Post-Employment Benefits (Ta
23 Post-Employment Benefits (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Postemployment Benefits [Abstract] | |
Schedule of liabilities under post-employment benefits | Amounts recognized in liabilities, under Post-employment benefits, are summarized below: 12.31.2019 12.31.2018 Pension plans 1,537 1,149 Healthcare plans 1,193,399 967,614 1,194,936 968,763 Current 66,004 58,478 Noncurrent 1,128,932 910,285 |
Schedule of post-employment benefits recognized in the statement of income | Amounts recognized in the statement of income are shown below: 12.31.2019 12.31.2018 12.31.2017 Employees Pension plans 72,067 78,209 78,680 Healthcare plan - post employment 99,578 97,866 97,511 Healthcare plan - active employees 87,515 86,580 81,617 (-) Transfers to construction in progress (22,394) (20,630) (21,901) 236,766 242,025 235,907 Management Pension plans 1,450 1,598 1,500 Healthcare plan 110 127 190 1,560 1,725 1,690 238,326 243,750 237,597 |
Schedule of changes in post-employment benefits | 23.4 Changes in post-employment benefits Balance as of January 1, 2018 866,103 Appropriation of actuarial calculation 97,900 Appropriation of pension and healthcare contributions 151,215 Adjustment related to actuarial gains (loss) 58,354 Amortizations (204,809) Balance as of December 31, 2018 968,763 Appropriation of actuarial calculation 99,578 Appropriation of pension and healthcare contributions 138,974 Adjustment related to actuarial gains 186,628 Amortizations (199,007) Balance as of December 31, 2019 1,194,936 |
Schedule of actuarial assumptions | The actuarial assumptions used to determine the amounts of liabilities and costs for 2019 and 2018 are shown below: 2019 2018 Real Nominal Real Nominal Economic Inflation p.y. - 2.90% - 4.00% Expected rate of discount/return p.y. Unified Plan - Defined Benefit 3.05% 6.04% 4.60% 8.78% Unified Plan - Balance 3.20% 6.19% 4.60% 8.78% Plan III 3.20% 6.19% 4.60% 8.78% Assistance Plan 3.30% 6.30% 4.60% 8.78% Salary growth Unified Plan p.y. 1.00% 3.93% 2.00% 6.08% Plan III p.y. 1.50% 4.44% 1.50% 5.56% Demographic Mortality Table AT - 2000 AT - 2000 Mortality table of individuals with permanent disability WINKLEVOSS WINKLEVOSS Table of new disability benef it vested TASA 1927 TASA 1927 |
Schedule of participants and beneficiaries | 23.5.2 Number of participants and beneficiaries Social Security Plans Unified Plan Plan III Assistance Plan 12.31.2019 12.31.2018 12.31.2019 12.31.2018 12.31.2019 12.31.2018 Number of active participants 27 33 7,647 8,180 6,963 7,427 Number of Inactive participants 4,337 4,368 4,324 3,843 8,433 8,174 Number of dependent people - - - - 22,183 22,472 Total 4,364 4,401 11,971 12,023 37,579 38,073 |
Schedule of life expectancy | 23.5.3 Life expectancy after the average age of participants - Annuity Table AT-2000 (in years) Unified Plan Plan III As of 12.31.2019 Retired participants 13.13 25.84 Pensioner participants 8.40 25.84 As of 12.31.2018 Retired participants 14.37 22.74 Pensioner participants 15.68 27.21 |
Schedule of actuarial evaluation | the Company did not record assets in its balance sheet as of December 31, 2019, reflecting any right to reduce contributions, refund of surplus or other amounts. Unified Plan Assistance 12.31.2019 12.31.2018 Total liabilities or partially covered 6,638,462 3,046,536 1,389,610 11,074,608 9,201,030 Fair value of the plan assets (7,546,756) (3,137,754) (196,211) (10,880,721) (8,642,068) Plan coverage status (908,294) (91,218) 1,193,399 193,887 558,962 Unrecognized asset 908,294 91,218 - 999,512 408,652 - - 1,193,399 1,193,399 967,614 |
Schedule of changes in actuarial liabilities | 23.5.5 Changes in actuarial liabilities Unified Plan Plan III Assistance Plan Present value of net actuarial obligations as of January 1, 2017 4,951,078 1,565,121 933,914 Cost of services 329 10,502 9,225 Cost of interest 563,257 176,878 105,987 Benefits paid (406,023) (122,841) (7) Actuarial (gain) losses 244,253 104,908 (13,162) Present value of net actuarial obligations as of December 31, 2017 5,352,894 1,734,568 1,035,957 Cost of services 589 9,604 11,633 Cost of interest 533,201 195,991 102,916 Benefits paid (414,256) (133,281) (7) Actuarial (gain) losses 442,336 338,779 (9,894) Present value of net actuarial obligations as of December 31, 2018 5,914,764 2,145,661 1,140,605 Cost of services 560 4,098 14,306 Cost of interest 477,732 128,075 106,004 Benefits paid (435,454) (174,427) (30) Actuarial (gain) losses 680,860 943,129 128,725 Present value of net actuarial obligations as of December 31, 2019 6,638,462 3,046,536 1,389,610 |
Schedule of changes in actuarial assets | 23.5.6 Changes in actuarial assets Unified Plan Plan III Assistance Plan Fair value of the Plan's assets as of January 1, 2017 5,478,802 1,793,516 165,301 Return estimated for assets 546,699 202,691 23,934 Contributions and distributions 30,520 10,505 - Benefits paid (406,023) (122,841) - Actuarial gain (losses) 184,574 (62,816) (18,312) Fair value of the Plan's assets as of December 31, 2017 5,834,572 1,821,055 170,923 Return estimated for assets 593,572 230,703 16,579 Contributions and distributions 24,011 9,184 - Benefits paid (414,256) (133,281) - Actuarial gain (losses) 252,942 250,575 (14,511) Fair value of the Plan's assets as of December 31, 2018 6,290,841 2,178,236 172,991 Return estimated for assets 685,685 337,476 51,541 Contributions and distributions 23,851 4,185 - Benefits paid (435,454) (174,427) - Actuarial gain (losses) 981,833 792,284 (28,321) Fair value of the Plan's assets as of December 31, 2019 7,546,756 3,137,754 196,211 |
Schedule of estimated net periodic plan costs (gains) | The estimated net periodic plan costs (gains) for 2020 for each plan are shown below: Unified Plan Plan III Assistance Plan Cost of current service 765 4,037 20,854 Estimated cost of interest 405,370 183,865 85,561 Expected return on plan assets (449,905) (183,026) (12,066) Expected employee contributions (187) (2,018) - Costs (income or loss) (43,957) 2,858 94,349 |
Schedule of sensitivity analysis | The following tables set out a sensitivity analysis, which shows the effect of a one percent increase or decrease in the assumed care costs, in the aggregate of the cost of service and cost of interest components and the accumulated post-employment benefit obligation. Projected scenarios Increase by 1% Decrease in 1% Sensitivity of long-term interest rate Impacts on the obligations of the pension (249,719) 253,420 Impacts on the obligations of healthcare program (120,756) 122,130 Sensitivity of growth rate of the medical costs Impacts on the obligations of healthcare program 96,823 (90,471) Impact on cost of service for the following financial year of healthcare program 1,439 (1,344) Sensitivity of the service cost Impacts on the obligations of the pension 39 (40) Impacts on the obligations of healthcare program 1,788 (1,808) |
Schedule of benefits payable | The estimated benefits to be paid by the Company in the next five years and the total benefits for the following fiscal years are shown below: Unified Plan Plan III Assistance Plan Total 2020 429,228 158,427 82,813 670,468 2021 418,133 154,433 86,125 658,691 2022 406,885 149,999 85,451 642,335 2023 395,134 145,567 83,826 624,527 2024 383,511 141,302 81,965 606,778 2025 a 2049 4,016,371 2,011,843 1,091,223 7,119,437 |
Schedule of asset allocation for pension and healthcare plans | The asset allocation for the Company pension and healthcare plans at the end of 2019 and the allocation goal for 2020, by asset category, are shown below: Goal for 2020 2019 Fixed income 70.4% 82.2% Variable income 9.1% 7.8% Loans 1.6% 1.6% Real estate 7.2% 1.4% Investment structuring 8.9% 7.1% Investments abroad 2.8% 0.0% 100.0% 100.0% |
Schedule of fund management limits | In addition, information on the allocation of assets of pension plans sponsored by the Company: Unified Plan Plan III target (%)(*) minimum (%) target (%) minimum (%) Fixed income 86.5% 55.0% 51.0% 23.0% Variable income 5.0% 1.0% 14.0% 8.0% Loans 0.5% 0.0% 3.0% 1.0% Real estate 5.0% 1.0% 10.0% 0.0% Investment structuring 3.0% 0.0% 16.0% 0.0% Investments abroad 0.0% 0.0% 6.0% 0.0% (*) Target based on the total investment of each plan. |
Schedule of pension plan assets | As of December 31, 2019, and 2018, the pension plan assets included the following securities issued by Copel: Unified Plan Plan III 12.31.2019 12.31.2018 12.31.2019 12.31.2018 Debentures - - - 4,166 Shares - 5 - 13 - 5 - 4,179 |
24 Sectorial Charges Due (Table
24 Sectorial Charges Due (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Sectorial Charges Due [Abstract] | |
Schedule of sectorial charges due | 12.31.2019 12.31.2018 Energy Development Account - CDE 4,104 73,549 Global Reversal Reserve - RGR 12,068 6,323 Tariff flags 12,336 - 28,508 79,872 |
25 Research and Development a_2
25 Research and Development and Energy Efficiency (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Research And Development And Energy Efficiency [Abstract] | |
Schedule of investment in research and development and the energy efficiency program | 25.1 Balances recognized for investment in Research and Development (R&D) activities and the Energy Efficiency Program (EEP) Amounts payable, before any related prepayments Amounts payable to regulatory agencies Other amounts payable Balance as of Balance as of 12.31.2019 12.31.2018 Research and Development - R&D FNDCT - 4,046 - 4,046 4,725 MME - 2,023 - 2,023 2,361 R&D 174,032 - 167,626 341,658 327,626 174,032 6,069 167,626 347,727 334,712 Energy efficiency program - EEP Procel - 16,410 - 16,410 15,792 EEP 48,518 - 245,516 294,034 242,231 48,518 16,410 245,516 310,444 258,023 222,550 22,479 413,142 658,171 592,735 Current 375,395 270,429 Non-current 282,776 322,306 |
Schedule of changes in research and development and the energy efficiency program | 25.2 Changes in R&D and EEP balances FNDCT MME R&D Procel EEP Total Balance as of January 1, 2018 5,232 2,616 316,121 6,041 202,465 532,475 Effect of acquisition of control of Costa Oeste and Marumbi 23 9 467 - - 499 Additions 31,186 15,595 31,188 9,067 36,270 123,306 Performance agreement - - - - 2,063 2,063 Interest rate (Note 33) - - 12,627 684 12,096 25,407 Payments (31,716) (15,859) - - - (47,575) Concluded projects - - (32,777) - (10,663) (43,440) Balance as of December 31, 2018 4,725 2,361 327,626 15,792 242,231 592,735 Business combination effects 20 10 1,464 - - 1,494 Additions 32,311 16,155 32,312 9,333 37,321 127,432 Performance agreement - - - - 3,246 3,246 Interest rate (Note 33) - - 10,627 51 13,892 24,570 Transfers - - - (3,123) 3,123 - Payments (33,010) (16,503) - (5,643) 990 (54,166) Concluded projects - - (30,371) - (6,769) (37,140) Balance as of December 31, 2019 4,046 2,023 341,658 16,410 294,034 658,171 |
26 Accounts Payable Related t_2
26 Accounts Payable Related to Concessions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Accounts Payable Related To Concessions [Abstract] | |
Schedule of concession charges for use of public property | Company Grant Signature Closing Discount Rate Annual Adjustment 12.31.2019 12.31.2018 HPP Mauá Copel GeT 06.29.2007 07.03.2007 07.2042 5.65% p.y. IPCA 16,890 16,709 HPP Colider Copel GeT 12.29.2010 01.17.2011 01.2046 7.74% p.y. IPCA 24,353 23,864 HPP Baixo Iguaçu Copel GeT 07.19.2012 08.20.2012 01.2047 7.74% p.y. IPCA 7,588 7,412 HPP Derivação Rio Jordão Copel GeT 07.11.2013 02.24.2014 02.2019 7.74% p.y. IPCA - 47 HPP Fundão e HPP Santa Clara Elejor 10.23.2001 10.25.2001 10.2036 11.00% p.y. IGPM 563,756 536,131 612,587 584,163 Current 73,032 67,858 Noncurrent 539,555 516,305 |
Schedule of changes in accounts payable related to concessions | 26.1 Changes in accounts payable related to concessions Balance as of January 1, 2018 554,954 Additions 302 Adjust to present value (114) Monetary variations 93,386 Payments (64,365) Balance as of December 31, 2018 584,163 Adjust to present value (668) Monetary variations 99,661 Payments (70,569) Balance as of December 31, 2019 612,587 |
Schedule of nominal and present value of accounts payable related to concessions | Nominal value and present value of accounts payable related to concession Nominal value Present value 2020 71,471 73,032 2021 71,471 64,387 2022 71,471 58,128 2023 71,471 52,482 After 2023 1,024,054 364,558 1,309,938 612,587 |
27 Right-of-use asset and lea_2
27 Right-of-use asset and lease liability (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Right-of-use Asset And Lease Liability | |
Schedule of right of use asset | 27.1 Right-of-use asset Initial adoption on Additions Remeasurement Adjustment Loss on Balance as of January 1, 2019 Amortization disposal 12.31.2019 Real estate 57,461 2,484 914 (17,705) (2,999) 40,155 Vehicles 57,564 2,295 2,970 (15,205) (1,224) 46,400 Equipment 2,997 4,574 - (1,295) - 6,276 118,022 9,353 3,884 (34,205) (4,223) 92,831 |
Schedule of changes in lease liability | 27.2.1 Changes in lease liability Total Initial adoption on January 1, 2019 118,022 Additions 9,353 Remeasurement Adjustment 3,884 Charges 9,675 Amortization - principal (30,946) Payment - charges (9,130) Disposals (4,254) Balance as of December 31, 2019 96,604 |
Schedule of maturity of noncurrent installments | 27.2.2 Maturity of noncurrent installments 2021 22,734 2022 23,251 2023 8,285 2024 9,814 2025 1,252 After 2025 130 65,466 Embedded interest (2,435) Lease Liabilities balance on 12.31.2019 63,031 |
Schedule of potential right to pis/cofins recoverable | The table below shows the potential right to Pis/Cofins recoverable for Pis/Cofins computed in lease consideration payable in the foreseen periods. Cash Flows Nominal Present value Lease consideration 114,341 96,604 Potential Pis / Cofins 8,320 7,296 |
Schedule of impact of forecast inflation on discounted cash flows | the table below shows the comparative balances between the information recorded in accordance with IFRS 16 and the amount that would be recorded considering forecast inflation: Balance in accordance with IFRS 16 Inflation projected balance % Lease liabilities 96,604 106,148 9.88% Right to use assets 92,831 100,061 7.79% Financial expense 9,675 10,341 6.88% Amortization expense 34,205 35,398 3.49% |
Schedule of commitments from leases and rentals | The balance of commitments from leases and rentals is shown below: Less than Over 1 year 1 to 5 years 5 years 12.31.2019 Commitments from leases and rents 6,347 29,645 158,826 194,818 |
28 Other Accounts Payable (Tabl
28 Other Accounts Payable (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Other Accounts Payable [Abstract] | |
Schedule of other accounts payables | 12.31.2019 12.31.2018 Fair value in the purchase and sale of power in the active market (Note 35.2.12) 251,973 11,007 Customers (a) 43,024 70,713 Obligations to customers in gas sales operations (b) 39,665 55,048 Public lighting rate collected 38,805 28,337 Aneel Order No. 084/2017 provision 26,008 24,314 Investment acquisition 13,294 32,200 Financial offset for the use of water resources 12,535 20,820 Pledges in guarantee 9,257 10,026 Reimbursements to customer contributions 4,887 5,036 Derivatives fair value - Forward contract (Note35.2.3 - b) 1,203 - Other liabilities 58,218 51,523 498,869 309,024 Current 149,407 192,070 Noncurrent 349,462 116,954 (a) Of the balance at 12.31.2018, R$32,639 refers to amounts transferred from the Federal Government to Copel DIS, in accordance with ANEEL Directive Release No. 565/2018, for the reimbursement of consumers due to the exceeding amount collected from the Net Operating Revenue in the period from January 2010 to December 2012. There is no outstanding balance of this liability on 12.31.2019 (b) Refers to amounts paid for the purchase of contracted gas volumes not yet taken by customers. |
29 Provisions for Legal Claim_2
29 Provisions for Legal Claims and Contingent Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Provisions For Legal Claims And Contingent Liabilities [Abstract] | |
Schedule of changes in provisions for litigation | 29.1.1 Changes in provision for legal claims rated as involving probable losses Income Balances as of Provision for litigations Construction cost Additions (Reversals) Transfers/ Balances as of January 1, 2019 Additions Reversals Additions/(Rev.) to assets Discharges Others December 31, 2019 Tax Cofins (a) 102,603 4,307 (2,626) - - - - 104,284 Others (b) 54,494 4,841 (14,258) - - (1,258) 27,687 71,506 157,097 9,148 (16,884) - - (1,258) 27,687 175,790 Labors (c) 612,782 194,550 (23) - - (134,247) - 673,062 Employee benefits (d) 85,199 27,426 (18,747) - - (7,581) - 86,297 Civil Civil and administrative claims (e) 492,934 101,438 (36,271) - - (221,139) - 336,962 Easements (f) 118,147 711 (3,470) 12,456 1,012 (1,891) 45 127,010 Expropriations and property (g) 116,401 2,844 (4,501) (2,935) 7,109 (161) - 118,757 Customers (h) 5,209 390 (643) - - - - 4,956 Environmental (i) 3,531 1,332 (566) - - (226) - 4,071 736,222 106,715 (45,451) 9,521 8,121 (223,417) 45 591,756 Regulatory (j) 73,473 7,926 (546) - - (1,045) - 79,808 1,664,773 345,765 (81,651) 9,521 8,121 (367,548) 27,732 1,606,713 Noncurrent 1,664,773 1,606,713 Income Balance as of January 01,2018 Provision for litigations Construction cost Asset additions Discharges Transfers / Others Balance as of December 31,2018 Additions Reversals Additions/ (Rev.) Tax Cofins (a) 79,748 22,855 - - - - - 102,603 Others (b) 58,793 7,722 (26,695) - - (6,325) 20,999 54,494 138,541 30,577 (26,695) - - (6,325) 20,999 157,097 Labors (c) 475,631 232,195 (2,400) - - (92,644) - 612,782 Employee benefits (d) 89,439 11,089 (10,062) - - (5,267) - 85,199 Civil Civil and administrative claims (e) 527,613 119,633 (118,652) - - (36,005) 345 492,934 Easements (f) 110,936 2,179 (305) (4,600) 8,477 (1,474) 2,934 118,147 Expropriations and property (g) 95,627 156 (1,350) 4,032 18,168 (232) - 116,401 Consumers (h) 8,377 464 (1,469) - - (2,163) - 5,209 Environmental (i) 1,584 2,570 (562) - - (61) - 3,531 744,137 125,002 (122,338) (568) 26,645 (39,935) 3,279 736,222 Regulatory (j) 64,316 9,296 (139) - - - - 73,473 1,512,064 408,159 (161,634) (568) 26,645 (144,171) 24,278 1,664,773 Current 112,000 - Noncurrent 1,400,064 1,664,773 |
Schedule of contingent liabilities | The following information concerns the nature of contingent liabilities of the Company and potential losses arising therefrom: 12.31.2019 12.31.2018 Tax (a) 628,546 568,512 Labor (29.1.2 - c) 419,917 311,777 Employee benefits (29.1.2 - d) 21,338 19,099 Civil (d) 1,273,928 1,286,466 Regulatory (e) 1,141,420 866,836 3,485,149 3,052,690 |
30 Equity (Tables)
30 Equity (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
EQUITY | |
Schedule ofclasses of shares and main shareholders | Shareholding interests (comprising no par value shares) and main shareholders are shown below: Number of shares in units Shareholders Common Class "A” Preferred Class “B” preferred Total in share % in share % in share % in share % State of Paraná 85,028,598 58.63 - - - - 85,028,598 31.07 BNDES 38,298,775 26.41 - - 27,282,006 21.26 65,580,781 23.96 Eletrobras 1,530,774 1.06 - - - - 1,530,774 0.56 Free float: B3 19,727,829 13.60 76,783 23.47 73,612,755 57.38 93,417,367 34.15 NYSE 108,545 0.07 - - 27,181,283 21.19 27,289,828 9.97 Latibex - - - - 170,911 0.13 170,911 0.06 City Halls 178,393 0.12 9,326 2.85 3,471 - 191,190 0.07 Other shareholders 158,166 0.11 241,033 73.68 46,727 0.04 445,926 0.16 145,031,080 100.00 327,142 100.00 128,297,153 100.00 273,655,375 100.00 |
Schedule ofchanges in equity Value adjustments | Adjustments arising from the changes in fair value involving financial assets, as well as actuarial gains and losses, are also recorded in this line item. Equity Valuation Adjustments Accumulated Other Comprehensive Income Total As of January 1, 2017 929,404 69,062 998,466 Adjustments to financial assets available for sale Financial investments - 3 3 Taxes on adjustments - (1) (1) Equity interest investments - 26,135 26,135 Taxes on adjustments - (8,887) (8,887) Adjustments related to actuarial liabilities Post employment benefits - (46,506) (46,506) Taxes on adjustments - 16,827 16,827 Realization of equity evaluation adjustment Deemed cost of fixed assets (108,561) - (108,561) Taxes on the adjustments 36,911 - 36,911 Gains on Investments in equity investments (Note 16.1) - (28,650) (28,650) Taxes on adjustments - 9,741 9,741 Attributed to non-controlling interest - 123 123 As of December 31, 2017 857,754 37,847 895,601 Adjustments related to actuarial liabilities Post employment benefits - (58,354) (58,354) Taxes on adjustments - 19,994 19,994 Realization of equity evaluation adjustment Deemed cost of fixed assets (101,645) - (101,645) Taxes on the adjustments 34,559 - 34,559 Reclassification by the adoption of IFRS 9 - Equity interest investments - (4,391) (4,391) Attributed to non-controlling interest - (154) (154) As of December 31, 2018 790,668 (5,058) 785,610 Adjustments related to actuarial liabilities Post employment benefits - (186,628) (186,628) Taxes on adjustments - 63,444 63,444 Realization of equity evaluation adjustment Deemed cost of fixed assets (100,342) - (100,342) Taxes on the adjustments 34,116 - 34,116 Attributed to non-controlling interest - (4,273) (4,273) As of December 31, 2019 724,442 (132,515) 591,927 |
Schedule of proposed dividend distribution | 30.4 Proposed dividend distribution Parent Company 12.31.2019 12.31.2018 12.31.2017 Calculation of minimum mandatory dividend (25%) - (1) Net income for the year 1,989,946 1,407,063 1,033,626 Legal Reserve (5%) (99,497) (70,353) (51,681) Realization of equity evaluation adjustment 66,226 67,086 71,650 Calculation basis for minimum mandatory dividends 1,956,675 1,403,796 1,053,595 489,169 350,949 263,399 Total proposed distribution - (2) (3 + 5) 643,000 378,542 289,401 Interest on own capital, net - (3) 643,000 280,000 266,000 Tax on interest on own capital (56,584) (27,593) (26,002) Interest on own capital, net - (4) 586,416 252,407 239,998 Dividends proposed - (5) - 98,542 23,401 Total proposed distribution, net - (6) (4 + 5) 586,416 350,949 263,399 Proposed additional dividend - (7) (6-1) 97,247 - - Interest on own capital, net, in advance, endorsed by CAD - (8) (4-1) 97,247 - - Gross value of dividends per share: Ordinary shares 2.24235 1.31950 1.00801 Class “A” preferred shares 3.94657 2.89050 2.89050 Class “B” preferred shares 2.46692 1.45151 1.10883 Gross amount of dividends per class of shares: Ordinary shares 325,210 191,369 146,193 Class “A” preferred shares 1,291 950 950 Class “B” preferred shares 316,499 186,223 142,258 |
Schedule of earnings per share - basic and diluted | 12.31.2019 12.31.2018 12.31.2017 Basic and diluted numerator Basic and diluted earnings allocated by classes of shares, allocated to controlling shareholders: Common shares 1,007,014 712,234 523,206 Class “A” preferred shares 2,984 1,775 1,304 Class “B” preferred shares 979,948 693,054 509,116 1,989,946 1,407,063 1,033,626 Basic and diluted denominator Weighted average of shares (in thousands): Common shares 145,031,080 145,031,080 145,031,080 Class “A” preferred shares 327,368 328,627 328,627 Class “B” preferred shares 128,296,927 128,295,668 128,295,668 273,655,375 273,655,375 273,655,375 Basic and diluted earnings per share attributable to controlling shareholders Common shares 6.94344 4.91091 3.60754 Class “A” preferred shares 9.11525 5.40201 3.96830 Class “B” preferred shares 7.63812 5.40201 3.96830 |
31 Net Operating Revenue (Table
31 Net Operating Revenue (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Net Operating Revenue [Abstract] | |
Schedule of net operating revenue | Gross PIS/Pasep Sectorial Service tax Net revenues revenues and Cofins ICMS (VAT) charges (ISSQN) 12.31.2019 12.31.2018 12.31.2017 Electricity sales to final customers 10,481,794 (965,651) (2,336,583) (753,544) - 6,426,016 5,548,584 4,681,533 Electricity sales to distributors 3,301,336 (368,101) (10,727) (56,642) - 2,865,866 2,765,916 3,176,354 Use of the main distribution and transmission grid 8,270,996 (781,017) (1,999,583) (1,351,625) - 4,138,771 3,469,060 3,617,941 Construction income 1,132,884 - - - - 1,132,884 1,097,313 868,001 Fair value of assets from the indemnity for the concession 36,646 - - - - 36,646 47,499 57,080 Telecommunications 532,926 (21,035) (137,896) - (558) 373,437 366,179 308,952 Distribution of piped gas 1,003,790 11,313 (171,897) - (23) 843,183 557,186 454,815 Sectorial financial assets and liabilities result 25,057 (6,426) - - - 18,631 893,688 718,826 Other operating revenue 442,353 (30,203) - - (3,310) 408,840 189,355 141,071 25,227,782 (2,161,120) (4,656,686) (2,161,811) (3,891) 16,244,274 14,934,780 14,024,573 31.1 Revenue by type and/or class of customers 12.31.2019 12.31.2018 12.31.2017 Electricity sales to final customers 10,481,794 10,104,045 8,689,516 Residential 3,336,432 3,175,290 2,750,514 Industrial 1,276,105 1,419,240 1,337,893 Trade, services and other activities 2,179,510 2,136,087 1,880,862 Rural 631,527 572,361 511,196 Public entities 279,495 262,705 236,719 Public lighting 274,250 278,645 244,381 Public service 332,414 316,307 275,431 Free consumers 1,431,274 1,179,314 845,964 Donations and grants 740,787 764,096 606,556 Electricity sales to distributors 3,301,336 3,136,244 3,529,770 Bilateral contracts 1,998,617 2,002,077 1,947,862 Regulated contracts 854,239 385,157 421,805 Electric Energy Trade Chamber - CCEE 357,076 663,024 1,077,943 Interest (Note 10.3) 91,404 85,986 82,160 Use of the main distribution and transmission grid 8,270,996 6,867,274 6,442,761 Residential 2,585,892 2,222,621 2,025,400 Industrial 1,280,168 1,110,089 1,024,452 Trade, services and other activities 1,713,632 1,407,156 1,304,285 Rural 467,044 362,778 341,875 Public entities 217,027 185,383 174,427 Public lighting 206,492 184,530 167,907 Public service 174,414 141,556 126,795 Free consumers 1,052,535 795,105 663,248 Concessionaires and generators 62,414 80,329 60,485 Operating and maintenance income - O&M 98,207 58,578 113,324 Interest income 413,171 319,149 440,563 Construction income 1,132,884 1,097,313 868,001 Fair value of assets from the indemnity for the concession 36,646 47,499 57,080 Telecommunications 532,926 512,540 426,773 Distribution of piped gas 1,003,790 753,222 621,992 Sectorial financial assets and liabilities result 25,057 985,344 767,040 Other operating revenue 442,353 222,329 171,356 Leasing and rent (31.2) 144,744 132,682 109,230 Fair value in the purchase and sale of power in the active market 204,876 - - Income from rendering of services 51,780 59,280 30,247 Charged service 18,807 18,475 15,981 Other income 22,146 11,892 15,898 GROSS OPERATING REVENUE 25,227,782 23,725,810 21,574,289 (-) Pis/Pasep and Cofins (2,266,304) (2,117,800) (1,788,714) Recovery of Pis/Pasep and Cofins on ICMS (Note 13.2.1) 105,184 - - (-) ICMS (VAT) (4,656,686) (4,210,382) (3,734,940) (-) Service tax (ISSQN) (3,891) (5,286) (5,388) (-) Sectorial charges (31.3) (2,161,811) (2,457,562) (2,020,674) NET OPERATING REVENUE 16,244,274 14,934,780 14,024,573 |
Schedule of revenues from leases and rentals | 31.2.1 Revenue from leases and rentals 12.31.2019 12.31.2018 12.31.2017 Equipment and framework 143,482 131,409 106,790 Facilities sharing 1,046 1,003 2,159 Real estate 216 270 281 144,744 132,682 109,230 |
Schedule of receivables from non-cancelable leases | 31.2.2 Receivables from leases Less than Over Total 1 year 1 to 5 years 5 years 12.31.2019 Facilities sharing 2,207 8,829 35,920 46,956 |
Schedule of regulatory charges | 31.3 Regulatory charges 12.31.2019 12.31.2018 12.31.2017 Energy Development Account - "CDE " - Power distribution service concession (31.3.1) 1,654,157 1,840,283 1,415,738 Other charges - rate flags 280,286 423,098 420,027 Research and development and energy efficiency - R&D and EEP 127,432 123,306 117,390 Global Reversion Reserve - RGR quota 63,918 48,512 46,825 Energy Development Account - "CDE " - Power transmission concession 25,271 12,211 10,971 Inspection fee 10,747 10,152 9,723 2,161,811 2,457,562 2,020,674 |
Schedule of energy development account - CDE | The annual quotas for each distributor are defined by ANEEL through resolutions enacted by it. The balance at December 31, 2019 is as follows: Resolutions Period 12.31.2019 CDE USO Resolution No. 2,510/2018 January to June 1,269,498 (-) Preliminary injunctions January to June (3,346) 1,266,152 CONTA ACR Resolution No. 2,231/2017 January to February 98,725 Resolution No. 2,521/2019 March to August 296,174 Return - Order No. 2,755 / 2019 (46,722) 348,177 CDE ENERGIA Resolution No. 2,510/2018 January to March 41,431 (-) Preliminary injunctions January to March (1,603) 39,828 1,654,157 Resolutions Period 12.31.2018 CDE USO Resolution No. 2,368/2018 January to August 594,972 Resolution No. 2,446/2018 September to December 445,075 (-) Preliminary injunctions January to December (2) 1,040,045 CONTA ACR Resolution No. 2,231/2017 January to December 557,981 557,981 CDE ENERGIA Resolution No. 2,202/2017 January to May 100,692 Resolution No. 2,358/2017 June to December 145,007 (-) Preliminary injunctions January to December (3,442) 242,257 1,840,283 Resolutions Period 12.31.2017 CDE USO Resolution No. 2,202/2017 January 53,329 Resolution No. 2,204/2017 February to December 672,756 (-) Preliminary injunctions January to December (28,502) 697,584 CONTA ACR Resolution No. 2,004/2015 January to March 148,087 Resolution No. 2,231/2017 April to December 341,161 489,248 CDE ENERGIA Resolution No. 2,077/2016 January to May 94,736 Resolution No. 2,204/2017 Junel to December 140,968 (-) Preliminary injunctions January to December (6,799) 228,906 1,415,738 |
32 Operating Costs and Expens_2
32 Operating Costs and Expenses (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Operating Costs And Expenses [Abstract] | |
Schedule of operating costs and expenses | Operational costs Selling expenses General and administrative expenses Other operating expenses, net 12.31.2019 Electricity purchased for resale (32.1) (6,105,274) - - - (6,105,274) Charge of the main distribution and transmission grid (1,249,275) - - - (1,249,275) Personnel and management (32.2) (945,312) (13,937) (366,133) - (1,325,382) Pension and healthcare plans (Note 23.3) (169,476) (1,914) (66,936) - (238,326) Materials and supplies (75,417) (289) (6,446) - (82,152) Materials and supplies for power electricity (49,352) - - - (49,352) Natural gas and supplies for gas business (585,233) - - - (585,233) Third-party services (32.3) (433,429) (23,002) (156,690) - (613,121) Depreciation and amortization (1,031,880) (9) (47,228) (14,719) (1,093,836) Credit losses, provisions and reversals (32.4) 33,290 (153,640) - (254,465) (374,815) Construction cost (32.5) (1,091,396) - - - (1,091,396) Other operating costs and expenses, net (32.6) (57,422) (14,269) (90,867) (189,630) (352,188) (11,760,176) (207,060) (734,300) (458,814) (13,160,350) Operational Selling General and Other operating costs expenses administrative expenses expenses, net 12.31.2018 Electricity purchased for resale (32.1) (6,361,178) - - - (6,361,178) Charge of the main distribution and transmission grid (1,176,780) - - - (1,176,780) Personnel and management (32.2) (978,878) (18,460) (360,447) - (1,357,785) Pension and healthcare plans (Note 23.3) (176,102) (2,447) (65,201) - (243,750) Materials and supplies (68,920) (655) (12,182) - (81,757) Materials and supplies for power electricity (19,729) - - - (19,729) Natural gas and supplies for gas business (412,618) - - - (412,618) Third-party services (32.3) (392,869) (23,266) (156,092) - (572,227) Depreciation and amortization (709,575) (15) (26,015) (13,574) (749,179) Credit losses, provisions and reversals (32.4) 18,920 (81,936) - (243,681) (306,697) Construction cost (32.5) (1,052,208) - - - (1,052,208) Other operating costs and expenses, net (32.6) (171,751) (21,930) (103,597) (45,435) (342,713) (11,501,688) (148,709) (723,534) (302,690) (12,676,621) Operational Selling General and Other operating costs expenses administrative expenses expenses, net 12.31.2017 Electricity purchased for resale (32.1) (6,165,450) - - - (6,165,450) Charge of the main distribution and transmission grid (712,030) - - - (712,030) Personnel and management (32.2) (984,011) (20,435) (338,898) - (1,343,344) Pension and healthcare plans (Note 23.3) (175,479) (2,424) (59,694) - (237,597) Materials and supplies (71,535) (968) (10,621) - (83,124) Materials and supplies for power electricity (97,360) - - - (97,360) Natural gas and supplies for gas business (309,542) - - - (309,542) Third-party services (32.3) (386,435) (18,826) (116,254) - (521,515) Depreciation and amortization (686,007) (16) (32,070) (13,506) (731,599) Credit losses, provisions and reversals (32.4) 122,782 (90,478) - (397,843) (365,539) Construction cost (32.5) (1,003,881) - - - (1,003,881) Other operating costs and expenses, net (32.6) (196,942) (35,903) (128,138) (52,967) (413,950) (10,665,890) (169,050) (685,675) (464,316) (11,984,931) |
Schedule of electricity purchased for resale | 32.1 Electricity purchased for resale 12.31.2019 12.31.2018 12.31.2017 Purchase of Energy in the Regulated Environment - CCEAR 2,880,115 2,599,345 2,693,976 Electric Energy Trade Chamber - CCEE 1,405,497 1,850,021 1,766,091 Itaipu Binacional 1,316,524 1,272,177 1,117,957 Bilateral contracts 754,070 928,741 766,803 Program for incentive to alternative energy sources - Proinfa 268,063 228,295 217,646 Micro and mini generators and repurchase of customers 52,871 12,373 3,892 (-) PIS/Pasep/Cofins taxes on electricity purchased for resale (571,866) (529,774) (400,915) 6,105,274 6,361,178 6,165,450 |
Schedule of personnel and management | 32.2 Personnel and management 12.31.2019 12.31.2018 12.31.2017 Personnel Salaries and management fees 746,415 794,966 806,119 Social charges on payroll 241,025 261,459 266,183 Meal and education allowance 113,021 113,177 119,881 Provisions for profit sharing (a) 155,544 91,526 68,817 Voluntary retirement program 43,517 69,289 53,468 1,299,522 1,330,417 1,314,468 Management Salaries and management fees 19,867 21,422 22,895 Social charges on payroll 5,745 5,695 5,635 Other expenses 248 251 346 25,860 27,368 28,876 1,325,382 1,357,785 1,343,344 (a) According to Federal Law No. 10,101/2000, State Decree No. 1,978/2007 and State Law No. 16,560/2010. |
Schedule of third party services | 32.3 Third party services 12.31.2019 12.31.2018 12.31.2017 Maintenance of electrical system 164,572 144,211 135,265 Communication, processing and transmission of data 115,037 115,397 94,230 Maintenance of facilities 105,586 91,872 95,176 Consumer service 55,632 34,502 29,789 Meter reading and bill delivery 45,515 43,968 49,647 Consulting and audit 21,016 41,615 21,589 Other services 105,763 100,662 95,819 613,121 572,227 521,515 |
Schedule of estimated losses provisions and reversals | 32.4 Credit losses, provisions and reversals 12.31.2019 12.31.2018 12.31.2017 Provision for litigations 257,921 219,636 386,373 Impairment of assets Power generation concession contract (Note 10.5) (2,945) (4,758) (1,117) Credits on sales and purchases of gas - - (123,586) Property, plant and equipment - generation segment (Note 17.7) (117,744) (14,162) 1,921 Property, plant and equipment - telecommunications segment (Note 17.8) 87,399 - Expected credit losses (Trade accounts and Other receivables) 153,640 96,202 90,478 Tax credits estimated losses (3,456) 9,779 11,470 374,815 306,697 365,539 |
Schedule of construction cost | 32.5 Construction costs 12.31.2019 12.31.2018 12.31.2017 Materials and supplies 548,336 507,899 387,278 Third party services 395,607 400,680 437,788 Personnel 125,777 124,469 143,266 Others 21,676 19,160 35,549 1,091,396 1,052,208 1,003,881 |
Schedule of other operating costs and expenses | 32.6 Other operating costs and expenses, net 12.31.2019 12.31.2018 12.31.2017 Net losses in the decommissioning and disposal of assets (a) 154,628 106,675 58,569 Financial offset for the use of water resources 103,737 105,310 110,971 Taxes 35,319 84,492 87,759 Compensation 66,550 30,949 45,712 Collection charge 51,156 44,682 - Advertising and publicity 29,132 22,135 27,768 Leasing and rent 9,215 40,016 32,037 Gain (loss) on sale of investments - - (28,650) Other net income, costs and expenses (b) (97,549) (91,546) 79,784 352,188 342,713 413,950 (a) Of the total recorded in 2019, R$ 124,067 refer to write-offs of Copel Telecomunicações' fixed assets (Note 17.8). (b) The 2018 balance includes revenue of R$ 72,068 related to reimbursement from suppliers of goods from the wind farms of the Brisa Complex. The 2019 balance includes R$ 97,664 of water rate reversal (TCFRH) |
33 Financial Results (Tables)
33 Financial Results (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Financial Result [Abstract] | |
Schedule of financial results | 12.31.2019 12.31.2018 12.31.2017 Financial income Arrears charges on bills 225,956 226,050 191,554 Interest and monetary variation of CRC transfer (Note 8.1) 192,724 214,627 141,923 Return on financial investments 126,510 98,841 114,523 Remuneration of net sectorial assets and liabilities (Note 9.2) 47,378 43,966 20,493 Monetary variation over the Itaipu power purchase 26,332 24,658 17,777 Recognition of tax credit (33.1) 38,434 55,096 - Monetary variation and adjust to present value of accounts payable related to the concession (Note 26.1) 1,462 1,047 10,813 Other financial income 91,445 149,630 202,227 750,241 813,915 699,310 ( - ) Financial expenses Monetary and exchange variation and debt charges 906,952 871,397 993,970 Monetary variation and adjust to present value of accounts payable related to the concession (Note 26.1) 100,455 94,319 65,418 Monetary variation over the Itaipu power purchase 29,547 50,203 12,264 Interest on R&D and EEP (Note 25.2) 24,570 25,407 34,345 Interest and monetary variation of CRC transfer (Note 8.1) 8,495 25,830 51,211 Remuneration of net sectorial assets and liabilities (Note 9.2) 5,753 23,747 29,622 PIS/Pasep/Cofins taxes on interest on capital 71,549 13,636 45,196 Other financial expenses 91,406 147,426 215,724 1,238,727 1,251,965 1,447,750 Net (488,486) (438,050) (748,440) |
34 Operating Segments (Tables)
34 Operating Segments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Disclosure of operating segments [abstract] | |
Schedule of assets per reportable segment | 34.3 Assets by reportable segment ASSETS Electric Energy TEL GAS HOL Intersegment operations Total 12.31.2019 GET DIS COM TOTAL ASSETS 19,457,551 13,434,522 690,372 1,527,098 904,993 3,183,677 (885,662) 38,312,550 CURRENT ASSETS 2,039,443 4,631,991 229,630 528,754 313,896 1,127,469 (961,987) 7,909,196 NON-CURRENT ASSETS 17,418,108 8,802,531 460,742 998,344 591,097 2,056,208 76,325 30,403,354 Long term assets 5,054,560 3,051,058 460,312 137,770 576,190 1,879,619 (296,879) 10,862,630 Investments 2,371,374 813 247 - - 150,746 - 2,523,179 Property, plant and equipment 9,735,093 - 53 833,974 - 22,983 - 10,592,103 Intangible assets 233,973 5,703,686 123 19,844 - 1,781 373,204 6,332,611 Right-of-use asset 23,108 46,974 7 6,756 14,907 1,079 - 92,831 ASSETS Electric Energy TEL GAS HOL Intersegment operations Total 12.31.2018 GET DIS COM TOTAL ASSETS 18,573,953 12,331,603 227,287 1,264,748 675,286 3,359,407 (502,184) 35,930,100 CURRENT ASSETS 1,722,519 3,971,915 181,077 88,239 204,725 1,214,523 (705,152) 6,677,846 NON-CURRENT ASSETS 16,851,434 8,359,688 46,210 1,176,509 470,561 2,144,884 202,968 29,252,254 Long term assets 4,660,867 2,968,282 43,564 88,798 466,942 1,950,280 (164,473) 10,014,260 Investments 2,212,271 1,343 2,442 - - 152,178 - 2,368,234 Property, plant and equipment 9,728,872 - 51 1,071,489 - 40,251 - 10,840,663 Intangible assets 249,424 5,390,063 153 16,222 3,619 2,175 367,441 6,029,097 |
Schedule of statement of income per reportable segment | 34.4 Statement of income by reportable segment STATEMENT OF INCOME Electric Energy TEL GAS HOL Intersegment operations Total GET DIS COM 12.31.2019 GER TRA NET OPERATING REVENUES 3,368,375 871,510 10,401,301 1,810,901 418,030 866,884 - (1,492,727) 16,244,274 Net operating revenues - third-parties 2,233,367 643,596 10,352,690 1,773,765 375,030 865,826 - - 16,244,274 Net operating revenues - between segments 1,135,008 227,914 48,611 37,136 43,000 1,058 - (1,492,727) - OPERATING COSTS AND EXPENSES (1,659,225) (479,538) (9,579,915) (1,608,245) (604,616) (662,306) (59,232) 1,492,727 (13,160,350) Energy purchased for resale (262,288) - (5,424,207) (1,590,272) - - - 1,171,493 (6,105,274) Charges for use of the main transmission grid (451,107) - (1,044,135) - - - - 245,967 (1,249,275) Personnel and management (217,792) (139,662) (822,772) (13,041) (73,890) (36,932) (21,293) - (1,325,382) Pension and healthcare plans (37,955) (25,027) (155,784) (1,481) (11,384) (4,122) (2,573) - (238,326) Materials and supplies (10,987) (3,766) (64,419) (15) (1,955) (217) (793) - (82,152) Raw materials and supplies for generation (50,388) - - - - - - 1,036 (49,352) Natural gas and supplies for gas business - - - - - (585,233) - - (585,233) Third party services (108,309) (38,092) (397,390) (1,718) (87,113) (12,971) (16,734) 49,206 (613,121) Depreciation and amortization (551,576) (12,987) (343,597) (44) (152,863) (30,480) (2,289) - (1,093,836) Provision (reversal) for litigations (45,212) (24,398) (164,705) (156) (14,072) (292) (9,086) - (257,921) Impairment of assets 117,648 - - - - - 3,041 - 120,689 Other estimated losses, provisions and reversals 43,207 (41,350) (137,680) (4) (100,691) (1,063) (2) - (237,583) Construction cost - (175,220) (904,023) - - (12,153) - - (1,091,396) Other operating costs and expenses, net (84,466) (19,036) (121,203) (1,514) (162,648) 21,157 (9,503) 25,025 (352,188) EQUITY IN EARNINGS OF INVESTEES 14,840 85,752 - (280) - - 6,445 - 106,757 PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX 1,723,990 477,724 821,386 202,376 (186,586) 204,578 (52,787) - 3,190,681 Financial income 80,632 20,637 355,152 3,004 20,760 53,625 217,057 (626) 750,241 Financial expenses (457,528) (138,947) (273,909) (220) (53,857) (10,439) (304,453) 626 (1,238,727) OPERATING PROFIT (LOSS) 1,347,094 359,414 902,629 205,160 (219,683) 247,764 (140,183) - 2,702,195 Income tax and social contribution (289,831) (54,695) (201,236) (69,854) 68,644 (74,791) (17,563) - (639,326) NET INCOME (LOSS) 1,057,263 304,719 701,393 135,306 (151,039) 172,973 (157,746) - 2,062,869 F-105 STATEMENT OF INCOME Electric Energy TEL GAS HOL Intersegment operations Total GET DIS COM 12.31.2018 GER TRA NET OPERATING REVENUES 3,007,565 904,826 9,972,442 1,341,162 421,408 588,532 - (1,301,155) 14,934,780 Net operating revenues - third-parties 2,116,875 680,567 9,932,267 1,341,162 364,741 582,895 - (83,727) 14,934,780 Net operating revenues - between segments 890,690 224,259 40,175 - 56,667 5,637 - (1,217,428) - OPERATING COSTS AND EXPENSES (1,619,431) (561,850) (9,474,473) (1,354,578) (369,201) (515,594) (57,993) 1,276,499 (12,676,621) Energy purchased for resale (417,918) - (5,577,719) (1,338,473) - - - 972,932 (6,361,178) Charges for use of the main transmission grid (408,347) - (1,012,062) - - - - 243,629 (1,176,780) Personnel and management (214,855) (147,139) (837,728) (13,734) (92,472) (34,896) (16,961) - (1,357,785) Pension and healthcare plans (36,379) (25,884) (159,842) (1,507) (13,892) (3,881) (2,365) - (243,750) Materials and supplies (11,637) (5,054) (60,379) (65) (1,763) (2,110) (749) - (81,757) Raw materials and supplies for generation (25,367) - - - - - - 5,638 (19,729) Natural gas and supplies for gas business - - - - - (412,618) - - (412,618) Third party services (119,668) (33,489) (339,399) (1,700) (91,127) (17,034) (32,311) 62,501 (572,227) Depreciation and amortization (353,916) (11,386) (301,581) (16) (58,209) (22,759) (1,312) - (749,179) Provision (reversal) for litigations 18,059 7,879 (222,057) 9 (12,844) (154) (10,528) - (219,636) Impairment of assets 22,312 - - - - - 1,648 (5,040) 18,920 Other estimated losses, provisions and reversals 55,457 (49,486) (77,985) (935) (12,749) (6,017) (14,266) - (105,981) Construction cost - (277,259) (741,855) - - (13,478) - (19,616) (1,052,208) Other operating costs and expenses, net (127,172) (20,032) (143,866) 1,843 (86,145) (2,647) 18,851 16,455 (342,713) EQUITY IN EARNINGS OF INVESTEES 5,514 123,676 - (15) - - 6,713 - 135,888 PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX 1,393,648 466,652 497,969 (13,431) 52,207 72,938 (51,280) (24,656) 2,394,047 Financial income 119,196 29,163 335,377 6,065 16,808 29,454 305,344 (27,492) 813,915 Financial expenses (517,832) (136,455) (308,319) (104) (41,713) (31,865) (243,169) 27,492 (1,251,965) OPERATING PROFIT (LOSS) 995,012 359,360 525,027 (7,470) 27,302 70,527 10,895 (24,656) 1,955,997 Income tax and social contribution (327,598) (75,361) (148,244) 2,632 (2,853) (10,909) 41,957 8,383 (511,993) NET INCOME (LOSS) 667,414 283,999 376,783 (4,838) 24,449 59,618 52,852 (16,273) 1,444,004 STATEMENT OF INCOME Electric Energy TEL GAS HOL Intersegment operations Total GET DIS COM 12.31.2017 GER TRA NET OPERATING REVENUES 3,176,811 819,623 9,358,664 664,495 380,550 515,563 - (891,133) 14,024,573 Net operating revenues - third-parties 2,851,644 640,199 9,324,633 664,495 306,473 510,010 - (272,881) 14,024,573 Net operating revenues - between segments 325,167 179,424 34,031 - 74,077 5,553 - (618,252) - OPERATING COSTS AND EXPENSES (1,768,390) (546,510) (9,071,359) (654,445) (286,363) (309,213) (139,784) 891,133 (11,884,931) Energy purchased for resale (290,019) - (5,717,970) (654,026) - - - 596,565 (6,065,450) Charges for use of the main transmission grid (352,958) - (554,805) - - - - 195,733 (712,030) Personnel and management (218,456) (122,515) (822,963) (12,993) (107,874) (35,761) (22,782) - (1,343,344) Pension and healthcare plans (38,782) (22,733) (154,285) (1,415) (14,800) (3,577) (2,005) - (237,597) Materials and supplies (12,463) (4,732) (60,320) (27) (2,978) (1,936) (668) - (83,124) Raw materials and supplies for generation (102,719) - - - - - - 5,359 (97,360) Natural gas and supplies for gas business - - - - - (309,542) - - (309,542) Third party services (120,993) (24,609) (347,393) (1,280) (67,612) (22,670) (15,089) 78,131 (521,515) Depreciation and amortization (368,987) (7,201) (285,835) (9) (39,553) (28,753) (1,261) - (731,599) Provision (reversal) for litigations (39,733) (81,210) (168,600) (156) (3,648) 854 (93,880) - (386,373) Impairment of assets 3,886 - - - - 123,586 (4,690) - 122,782 Other estimated losses, provisions and reversals (9,397) 1,107 (83,916) - (8,309) (1,433) - - (101,948) Construction cost - (272,216) (717,351) - - (14,314) - - (1,003,881) Other operating costs and expenses, net (217,769) (12,401) (157,921) 15,461 (41,589) (15,667) 591 15,345 (413,950) EQUITY IN EARNINGS OF INVESTEES (5,777) 93,145 - (564) - - 14,935 - 101,739 PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX 1,302,644 366,258 287,305 9,486 94,187 206,350 (124,849) - 2,141,381 Financial income 73,433 13,313 380,597 6,515 11,828 38,821 186,660 (11,857) 699,310 Financial expenses (565,837) (123,707) (343,540) (322) (30,691) (64,433) (331,077) 11,857 (1,447,750) OPERATING PROFIT (LOSS) 810,240 255,864 324,362 15,679 75,324 180,738 (269,266) - 1,392,941 Income tax and social contribution (191,899) (30,515) 22,893 (2,638) (21,272) (66,785) 15,530 - (274,686) NET INCOME (LOSS) 618,341 225,349 347,255 13,041 54,052 113,953 (253,736) - 1,118,255 |
Schedule of additions to noncurrent assets by reportable segment | 34.5 Additions to noncurrent assets by reportable segment Electric Energy TEL GAS HOL Total 12.31.2019 GET DIS COM Contract assets - 917,577 - - 17,590 - 935,167 Property, plant and equipment 522,744 - 14 59,216 - 285 582,259 Intangible assets 4,272 - 3 486 - 271 5,032 Right-of-use asset 33,461 66,621 8 9,950 16,933 402 127,375 IFRS 16 Initial adoption (Note 27.1) 32,919 60,494 - 9,868 14,356 385 118,022 Additions for the period 542 6,127 8 82 2,577 17 9,353 Electric Energy TEL GAS HOL Total 12.31.2018 GET DIS COM Contract assets - 797,832 - - 15,618 - 813,450 Property, plant and equipment 1,160,967 - 4 308,242 - 267 1,469,480 Intangible assets 6,351 - - 1,235 - 3 7,589 Electric Energy TEL GAS HOL Total 12.31.2017 GET DIS COM Property, plant and equipment 1,077,088 - 7 238,944 - 376 1,316,415 Intangible assets 3,996 757,709 101 2,200 13,745 635 778,386 |
35 Financial Instruments (Table
35 Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Financial Instruments [Abstract] | |
Schedule of fair value of financial instruments | 35.1 Categories and determination of fair value of financial instruments Note Level 12.31.2019 12.31.2018 Book value Fair value Book value Fair value Financial assets Fair value through profit or loss Cash and cash equivalents (a) 5 1 2,941,727 2,941,727 1,948,409 1,948,409 Bonds and securities (b) 6 1 2,429 2,429 696 696 Bonds and securities (b) 6 2 279,652 279,652 343,600 343,600 Accounts receivable - distribution concession (c) 10.1 and 10.2 3 1,161,203 1,161,203 1,105,282 1,105,282 Accounts receivable - generation concession (d) 10.5 3 69,182 69,182 65,811 65,811 Fair value in the purchase and sale of power in the active market (e) 12 3 460,635 460,635 14,793 14,793 Other temporary investments (f) 1 15,566 15,566 11,557 11,557 Other temporary investments (f) 2 12,168 12,168 7,954 7,954 4,942,562 4,942,562 3,498,102 3,498,102 Amortized cost Collaterals and escrow accounts (a) 147 147 203 203 Collateral and escrow deposits - STN (g) 21.1 98,433 102,733 89,555 76,524 Trade accounts receivable (a) 7 3,182,567 3,182,567 3,107,006 3,107,006 CRC Transferred to the Paraná State Government (h) 8 1,350,685 1,479,683 1,445,042 1,546,469 Sectorial financial assets (a) 9 473,989 473,989 678,819 678,819 Accounts receivable - concessions - RBSE (c) 10.4 739,269 739,269 753,826 753,826 Accounts receivable - concessions - bonus from the grant (i) 10.3 647,984 738,483 625,772 714,880 6,493,074 6,716,871 6,700,223 6,877,727 Total financial assets 11,435,636 11,659,433 10,198,325 10,375,829 Financial liabilities Fair value in the purchase and sale of power (e) 28 3 251,973 251,973 11,007 11,007 Derivatives fair value - forward contracts 28 3 1,203 1,203 - - 253,176 253,176 11,007 11,007 Amortized cost Sectorial financial liabilities (a) 9 102,284 102,284 96,531 96,531 Ordinary financing of taxes with the federal tax authorities (g) 13.2 18,063 18,001 86,632 84,383 Special Tax Regularization Program - Pert (g) 13.2 497,207 446,448 518,442 469,304 Accounts payable to suppliers (a) 20 1,873,193 1,873,193 1,469,199 1,469,199 Loans and financing (g) 21 3,168,710 3,204,188 4,047,307 4,012,621 Debentures (J) 22 8,540,366 8,540,366 7,518,131 7,518,133 Accounts payable related to concession (k) 26 612,587 694,742 584,163 687,869 Lease liabilities (a) 27 96,604 96,604 - - 14,909,014 14,975,826 14,320,405 14,338,040 Total financial liabilities 15,162,190 15,229,002 14,331,412 14,349,047 |
Schedule of credit risk | Credit risk is the risk of the Company incurring losses due to a customer or counterparty in a financial instrument, resulting from failure in complying with their contractual obligations. Exposure to credit risk 12.31.2019 12.31.2018 Cash and cash equivalents (a) 2,941,727 1,948,409 Bonds and securities (a) 282,081 344,296 Pledges and restricted deposits linked (a) 98,580 89,758 Trade accounts receivable (b) 3,182,567 3,107,006 CRC Transferred to the Paraná State Government (c) 1,350,685 1,445,042 Sectorial financial assets (d) 473,989 678,819 Accounts receivable - distribution concession (e) 1,161,203 1,105,282 Accounts receivable - concessions - RBSE (f) 739,269 753,826 Accounts receivable - concessions - Bonus from the grant (g) 647,984 625,772 Accounts receivable - generation concessions (h) 69,182 65,811 Other temporary investments (i) 27,734 19,511 10,975,001 10,183,532 a) b) c) d) e) f) g) h) i) |
Schedule of liquidity risk | The following table shows the expected undiscounted settlement amounts in each time range. Projections were based on financial indicators linked to the related financial instruments and forecast according to average market expectations as disclosed in the Central Bank of Brazil's Focus Report, which provides the average expectations of market analysts for these indicators for the current year and for the next 3 years. As from 2024, 2023 indicators are repeated on an unaltered basis throughout the forecast period. Less than 1 to 3 3 months 1 to 5 Over Interest (a) 1 month months to 1 year years 5 years Total 12.31.2019 Loans and financing Note 21 31,783 115,995 308,094 2,063,354 1,666,502 4,185,728 Debentures Note 22 391,329 61,304 1,049,225 7,256,323 1,655,253 10,413,434 Accounts payable related Rate of return + to concession IGP-M and IPCA 6,099 12,198 56,222 336,027 1,389,334 1,799,880 Accounts payable to suppliers - 1,313,913 291,700 127,030 140,550 - 1,873,193 Ordinary financing of taxes with the federal tax authorities Selic 6,037 12,117 - - - 18,154 Special Tax Regularization Program - Pert Selic 4,122 8,282 37,820 219,788 335,681 605,693 Sectorial financial liabilities Selic - - - 108,367 - 108,367 Lease liabilities Note 27 3,485 6,980 31,793 73,515 11,226 126,999 1,756,769 508,576 1,610,184 10,197,923 5,057,996 19,131,448 (a) Effective interest rate - weighted average. |
Schedule of sensitivity analysis of foreign currency risk | The baseline scenario takes into account the existing balances in each account as of December 31, 2019 and the probable scenario assumes a variation in the foreign exchange rate - prevailing at the end of the period (R$/US$ 4.60) based on the median market expectation for 2020 reported in the Central Bank's . Baseline Projected scenarios - Dec.2020 Foreign exchange risk Risk 12.31.2019 Probable Scenario 1 Scenario 2 Financial assets Collaterals and escrow accounts - STN USD depreciation 98,433 13,903 (14,181) (42,265) . 98,433 13,903 (14,181) (42,265) Financial liabilities Loans and financing - STN USD appreciation (108,983) (15,393) (46,487) (77,581) Suppliers Eletrobras (Itaipu) USD appreciation (222,431) (31,416) (94,878) (158,340) Acquisition of gas USD appreciation (79,174) (11,183) (33,772) (56,361) (410,588) (57,992) (175,137) (292,282) |
Schedule of gains (losses) on operations with derivative financial instruments | The sensitivity analyses were prepared in accordance with CVM Instruction 475/08, For the probable scenario, the balances were updated with the market price curve, the credit risk rate and the NTN-B rate on April 7, 2020. For scenarios 1 and 2, the increase or decrease of 25% and 50% in future prices, applied to market prices of December 31, 2019. The results obtained are as follows: Exchange rate variation Baseline Projected scenarios 12.31.2019 Scenario 1 Scenario 2 Gains (losses) on operations with derivative financial instruments Increase (1,203) 23,777 48,757 Decrease (1,203) (26,183) (51,163) |
Schedule of sensitivity analysis of interest rate and monetary variation risk | For the scenarios 1 and 2, deteriorations of 25% and 50%, respectively, were considered for the main risk factor for the financial instrument compared to the rate used in the probable scenario. . Baseline Projected scenarios - Dec.2020 Interest rate risk and monetary variation Risk 12.31.2019 Probable Scenario 1 Scenario 2 Financial assets Bonds and securities Low CDI/SELIC 282,081 9,168 6,876 4,584 Collaterals and escrow accounts Low CDI/SELIC 147 5 4 2 CRC Transferred to the Paraná State Government Low IGP-DI 1,350,685 66,589 49,942 33,294 Sectorial financial assets Low Selic 473,989 15,405 11,553 7,702 Accounts receivable - concessions Low IPCA 2,548,456 64,221 48,166 32,111 Accounts receivable - generation concessions Undefined (a) 69,182 - - - 4,724,540 155,387 116,540 77,693 Financial liabilities Loans and financing Banco do Brasil High CDI (679,976) (22,099) (27,624) (33,149) BNDES High TJLP (2,198,064) (114,299) (142,874) (171,449) BNDES High IPCA (8,288) (209) (261) (313) Banco do Brasil - BNDES Transfer High TJLP (95,807) (4,982) (6,227) (7,473) Caixa Econômica Federal High TJLP (331) (17) (22) (26) Other No risk (77,261) - - - Debentures High CDI/SELIC (6,464,603) (210,100) (262,624) (315,149) Debentures High IPCA (1,950,591) (49,155) (61,444) (73,732) Debentures High TJLP (125,172) (6,509) (8,136) (9,763) Sectorial financial liabilities High Selic (102,284) (3,324) (4,155) (4,986) Ordinary financing of taxes with the federal tax authorities High Selic (18,063) (587) (734) (881) Special Tax Regularization Program - Pert High Selic (497,207) (16,159) (20,199) (24,239) Accounts payable related to concession High IGP-M (563,756) (27,793) (34,741) (41,690) Accounts payable related to concession High IPCA (48,831) (1,231) (1,538) (1,846) . (12,830,234) (456,464) (570,580) (684,697) (a) Risk assessment still requires ruling by the Granting Authority. |
Schedule of indicators and penalties | Indicators and penalties Year Indicator Criteria Penalties Until 2020 Economic - financial efficiency and quality 2 consecutive years or at the end of the 5-year period (2020) Extinction of the dividend Quality Indicators 2 consecutive years or 3 times Distribution limitation concession and interest on equity Economic - financial efficiency In 5 years in the base year Capital Increase (a) From the 6th year of (2021) Economic and financial efficiency 2 consecutive years Concession termination Quality Indicators 3 consecutive years (a) Within 180 days from the end of each fiscal year, in the totality of the insufficiency that occurs to reach the Minimum Economic and Financial Sustainability Parameter. |
Schedule of targets set | Targets defined for Copel Distribuição in the first five years after extension of the concession agreement Quality - limits (a) Quality (Performed) Year Economic and Financial Management Realized DECi (b) FECi (b) DECi FECi 2016 13.61 9.24 10.80 7.14 2017 EBITDA = 0 (c) 661,391 12.54 8.74 10.41 6.79 2018 EBITDA (-) QRR = 0 (d) 550,675 11.23 8.24 10.29 6.20 2019 {Net Debt / [EBITDA (-) QRR]} ≤ 1 / (0.8 * SELIC) (e) 10.12 7.74 9,10 (f) 6,00 (f) 2020 {Net Debt / [EBITDA (-) QRR]} ≤ 1 / (1.11 * SELIC) (e) 9.83 7.24 - - (a) According to Aneel’s Technical Note No. 0335/2015. (b) DECi - Equivalent Time of Interruption Caused by Internal Source per Consumer Unit; and FECi - Equivalent Frequency of Interruption Caused by Internal Source per Consumer Unit. (c) Regulatory EBTIDA adjusted for non-recurring events (Voluntary retirement program, post-employment benefit, provisions and reversals) according to sub-clause six, of the Fifth Amendment to the Concession Agreement. (d) QRR: Regulatory Reintegration Quota or Regulatory Depreciation Expense. This is the value defined in the most recent Periodical Tariff Review (RTP), plus General Market Price Index (IGPM) variation between the month preceding the RTP and the month preceding the twelve-month period of the economic and financial sustainability measurement. (e) Selic: limited to 12.87% p.y. (f) DECi / FECi in 2019: preliminary data |
Schedule of deadline for manifestation | The variation in relation to the net balance of R$ 3,786, on December 31, 2018, results from the increase in the level of contracting in the free energy market. Assets Liabilities Net Current 13,540 (7,152) 6,388 Noncurrent 447,095 (244,821) 202,274 460,635 (251,973) 208,662 |
Schedule of sensitivity analysis on the power purchase and sale transactions in the active market | The results obtained are as follows: Price Baseline Projected scenarios variation 12.31.2019 Probable Scenario 1 Scenario 2 Gains (losses) on purchase and sale of energy in active market Increase 208,662 192,103 270,953 349,803 Decrease 208,662 192,103 113,253 34,402 |
Schedule of capital monitored by index | As of December 31, 2019, the ratio attained is shown below: 31.12.2019 31.12.2018 Loans and financing 3,142,383 4,047,307 Debentures 8,429,710 7,518,131 (-) Cash and cash equivalents (2,941,727) (1,948,409) (-) Bonds and securities (current) (3,112) (124,862) (-) Bonds and securities (noncurrent) (121,617) (112,604) (-) Collaterals and escrow accounts STN (98,433) (89,555) Adjusted net debt 8,407,204 9,290,008 Net Income 2,062,869 1,444,004 Equity in earnings of investees (106,757) (135,888) Deferred IRPJ and CSLL 205,771 (68,072) Provision for IRPJ and CSLL 433,555 580,065 Financial expenses (income), net 488,486 438,050 Depreciation and amortization 1,093,836 749,179 Adjusted ebitda 4,177,760 3,007,338 Adjusted net debt / Adjusted ebitda 2.01 3.09 |
Schedule of equity indebtedness | 35.3.1 The equity to debt ratio is shown below: Indebtedness 12.31.2019 12.31.2018 Loans and financing 3,168,710 4,047,307 Debentures 8,540,366 7,518,131 (-) Cash and cash equivalents 2,941,727 1,948,409 (-) Bonds and securities 282,081 344,296 Net debt 8,485,268 9,272,733 Equity 17,598,212 16,336,214 Equity indebtedness 0.48 0.57 |
36 Related Party Transactions (
36 Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Related party transactions [abstract] | |
Schedule of related party transactions | Assets Liabilities Revenue Cost / Expense Related parties / Nature of operation 12.31.2019 12.31.2018 12.31.2019 12.31.2018 12.31.2019 12.31.2018 12.31.2017 12.31.2019 12.31.2018 12.31.2017 Controlling shareholder State of Paraná - - - 190,664 112,196 - - - - - - CRC Transfer (Note 8) 1,350,685 1,445,042 - - 184,229 188,797 90,712 - - - Luz Fraterna 7,478 10,353 - - - - - - - - Tarifa Rural Noturna 7,639 - - - - - - - - - Morar Bem Paraná - - - - - - 1,165 - - - Remuneration and employ social security charges assigned (b) 33 1,248 - - - - - - - - Telecommunication services (c) 16,312 15,788 - - 43,079 41,375 40,396 - - - Meteorological System of Paraná - Simepar (d) - - 185 181 - - - (2,171) (1,559) (1,752) Entities with significant influence BNDES and BNDESPAR - - - 130,204 80,144 - - - - - - Financing (Note 21) - - 2,231,409 2,208,920 - - - (175,461) (131,379) (140,537) Debentures - Compagás (Note 22) - - 11,783 17,651 - - - (1,194) (2,625) (5,242) Debentures - wind farms (Note 22) (f) - - 253,877 268,286 - - - (28,240) (30,316) (30,540) State of Paraná investee - - Sanepar (c) (g) 294 - 311 273 4,710 4,200 3,699 (5,852) (5,227) (1,783) Use of water withdrawn from plants’ reservoirs - 144 - - 480 - - - - - Joint ventures Voltalia São Miguel do Gostoso - mutual - - - - - 294 3,513 - - - Dividends 1,032 1,032 - - - - - - - - Caiuá Transmissora de Energia (c) (h) (i) (j) 256 329 1,512 285 2,792 4,250 3,792 (14,233) (14,869) (13,700) Dividends 4,443 3,316 - - - - - - - - Integração Maranhense Transmissora (i) (j) - - 161 58 - - - (1,938) (1,797) (1,468) Dividends 4,306 6,033 - - - - - - - - Matrinchã Transmissora de Energia (i) (j) - - 829 316 - - - (10,137) (9,514) (6,636) Dividends 31,793 21,470 - - - - - - - - Guaraciaba Transmissora de Energia (i) (j) - - 383 136 - - - (4,853) (4,475) (3,202) Dividends 14,846 15,869 - - - - - - - - Paranaíba Transmissora de Energia (i) (j) - - 638 212 - - - (6,514) (6,595) (3,642) Dividends 5,962 8,544 - - - - - - - - Cantareira Transmissora de Energia (i) - - 467 170 - - - (5,403) (1,618) - Dividends 7,286 1,461 - - - - - - - - Mata de Santa Genebra Transmissão (i) (k) 2,035 5,126 10 - 16,449 6,600 1,950 (340) - - Associates Dona Francisca Energética S.A. (l) 40 - 1,436 1,436 145 - - (16,905) (16,903) (17,031) Foz do Chopim Energética Ltda. (c) (m) 209 193 - - 2,538 2,668 2,063 - - - Dividends - 18,071 - - - - - - - - Acquisition of power plant projects - - - 19,461 - - - - - - Sercomtel S.A. Telecomunicações (c) (n) 4,436 2,226 - - 8,354 8,051 8,153 (21) (4) (4) Key management staff - - Fees and social security charges (Note 32.2) - - - - - - - (25,860) (27,368) (28,876) Pension and healthcare plans (Note 23.3) - - - - - - - (1,560) (1,725) (1,690) Other related parties Fundação Copel (c) 9 20 - - 285 299 316 - - - Administrative property rental - - 14,662 312 - - - (2,520) (15,396) (16,347) Pension and healthcare plans (Note 23.3) - - 1,194,936 968,763 - - - - - - Lactec (c) (o) 4 - 1,507 1,601 746 - - (2,787) (4,026) (15,912) a) Luz Fraterna In March 2018, the amount of R$ 159,274 was settled. The principal interest, fine and monetary restatement, at December 31, 2019, totaled R$ 158,849. For these charges on electricity bills for the period of September 2010 to June 2015, a lawsuit was filed against the State of Paraná on November 5, 2018, relating to the payment of invoices pursuant to State Law 14,087/2003. We highlight that despite the negotiations maintained by Management, seeking to settle this debt, uncertainties still exist regarding the realization of this asset and therefore, in view of this condition, this asset was not recognized, therefore, in accordance with the current accounting standards. For the tax treatment, as determined by the Federal Revenue of Brazil in the Normative Instruction 1,753/2017, the Company has taxed this revenue. Management further emphasizes that it is making all necessary efforts and taking all necessary measures to preserve the Company's interests. The Tarifa Rural Noturna b) c) d) e) f) g) h) i) j) k) l) m) n) o) |
Schedule of sureties and guarantees granted | Sureties and guarantees granted by Copel and Copel GeT for financing, debentures and insurance contracts of joint ventures are shown below: Date Final Amount Balance Interest Amount Company Operation issued maturity approved 12.31.2019 % guarantees (1) Caiuá Transmissora (a) Financing 12.23.2013 02.15.2029 84,600 57,542 49.0 5,956 (2) Guaraciaba Transmissora Financing 09.28.2016 01.15.2031 440,000 374,894 49.0 183,698 (3) Guaraciaba Transmissora Debentures 07.15.2018 12.15.2030 118,000 119,561 49.0 58,585 (4) Mata de Santa Genebra Financing 11.30.2017 07.15.2033 1,018,500 1,098,965 50.1 550,581 (5) Mata de Santa Genebra Debentures 04.15.2019 11.15.2030 210,000 202,767 50.1 101,586 (6) Cantareira Transmissora de Energia (a) Financing 12.28.2016 09.15.2032 426,834 453,020 49.0 28,175 (7) Cantareira Transmissora de Energia Debentures 01.09.2018 08.15.2032 100,000 103,374 49.0 50,653 979,234 (a) Guarantee awarded of fixed amount pursuant to the contractual provisions and formal requirements of the financial institution Financial institution (fund provider): Allocation: Guarantees: Operation guarantee: |
Schedule of performance bonds | Performance bond Final Amount % endorsement Amount Company maturity Insured Copel GeT endorsement Matrinchã Transmissora 09.30.2020 90,000 49.0 44,100 Guaraciaba Transmissora 04.30.2020 47,000 49.0 23,030 Mata de Santa Genebra 05.31.2020 78,300 50.1 39,228 106,358 |
37 Commitments (Tables)
37 Commitments (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Commitments [Abstract] | |
Schedule of commitments related to long-term contracts | Commitments related to long-term contracts not yet incurred, and therefore not recognized in the financial statements, are as follows: 12.31.2019 12.31.2018 Energy purchase and transportation contracts 137,279,155 140,638,024 Additions to property, plant and equipment Construction of transmission lines and substations 115,732 214,086 Construction of HPP Colíder power plant - 36,303 Construction of HPP Baixo Iguaçu - 202,668 Construction of Cutia wind farm - 40,392 Construction of SHP Bela Vista 111,481 - Telecommunications works 90,769 115,710 Acquisition of assets for electricity distribution 428,441 528,109 Gas purchase contracts 859,211 1,339,848 |
38 Insurance (Tables)
38 Insurance (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Insurance [Abstract] | |
Schedule of insurance policies | End Insured Policy of term amount Operational risks - HPP Baixo Iguaçu 05.31.2020 2,233,183 Operational risks - HPP Colíder 11.01.2020 2,166,984 Operational risks - Cutia and Bento Miguel 03.29.2021 2,165,557 Nominated Risks 08.24.2020 2,069,590 Operational risks - UEG Araucária (a) 05.31.2021 684,130 Operational risks - Brisa Potiguar 06.27.2020 890,763 Operational risks - HPP Governador Jayme Canet Junior 11.23.2020 799,290 Fire - owned and rented facilities 08.24.2020 662,791 Operational risks - São Bento 06.27.2020 569,835 Operational risks - Elejor 03.11.2021 302,984 (a) The values of the insured of operating risks - UEG Araucária have been translated from USD into BRL, with the current rate R$4.0307 as of December 31, 2019. |
41 Condensed Unconsolidated F_2
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Tables) | 12 Months Ended |
Dec. 31, 2019 | |
Condensed Unconsolidated Financial Information Of Companhia Paranaense De Energia - Copel [Abstract] | |
Schedule of condensed statements of financial position | (a) Condensed statements of financial position as of December 31, 2019 and 2018 ASSETS 12.31.2019 12.31.2018 CURRENT ASSETS Cash and cash equivalents 25,304 315,003 Bonds and securities 90 123,560 Collaterals and escrow accounts - 129 Dividends receivable 760,719 519,100 CRC transferred to the Paraná State Government 219,236 190,876 Other current receivables 1,068 7,027 Income tax and social contribution receivable 5,876 6,130 Other current recoverable taxes - 321 Prepaid expenses 95 40 Receivable from related parties 6,039 8,134 1,018,427 1,170,320 NONCURRENT ASSETS Long Term Assets Other temporary investments 27,734 19,511 CRC transferred to the Paraná State Government 1,131,449 1,254,166 Judicial deposits 124,219 131,840 Other noncurrent receivables 7,444 7,444 Income tax and social contribution receivable 123,951 148,140 Deferred income tax and social contribution 154,364 147,368 Other noncurrent recoverable taxes 87,597 86,110 Receivable from related parties 108,983 104,751 1,765,741 1,899,330 Investments 17,286,220 16,070,567 Property, plant and equipment 1,143 996 Intangible assets 1,321 1,593 Right-of-use asset 271 - 19,054,696 17,972,486 TOTAL ASSETS 20,073,123 19,142,806 LIABILITIES 12.31.2019 12.31.2018 CURRENT LIABILITIES Payroll, social charges and accruals 8,437 6,747 Accounts payable to related parties 696 755 Accounts payable to suppliers 3,956 2,731 Income tax and social contribution payable 1,811 - Other taxes due 120 152 Loans and financing 39,628 129,401 Debentures 315,008 941,677 Dividend payable 588,563 354,203 Post-employment benefits 378 87 Lease liability 158 - Other accounts payable 116 135 958,871 1,435,888 NONCURRENT LIABILITIES Accounts payable to related parties 145 - Other taxes due 2,817 2,602 Loans and financing 746,075 773,984 Debentures 797,713 596,403 Post-employment benefits 8,658 4,867 Lease liability 125 - Other accounts payable 1,434 3,957 Provisions for legal claims 304,871 292,180 1,861,838 1,673,993 EQUITY Attributable to controlling shareholders Capital 10,800,000 7,910,000 Equity valuation adjustments 591,927 785,610 Legal reserve 1,014,248 914,751 Profit retention reserve 4,846,239 6,422,564 17,252,414 16,032,925 TOTAL LIABILITIES & EQUITY 20,073,123 19,142,806 |
Schedule of condensed statements of operations | (b) Condensed statements of operations for the years ended December 31, 2019, 2018 e 2017 12.31.2019 12.31.2018 12.31.2017 Operational expenses / income General and administrative expenses (59,907) (67,292) (59,601) Other operational income (expenses) 1,244 11,696 (68,788) Equity in earnings of investees 2,089,308 1,356,375 1,291,434 2,030,645 1,300,779 1,163,045 PROFIT BEFORE FINANCIAL RESULTS AND TAXES 2,030,645 1,300,779 1,163,045 Financial results Financial income 209,679 301,729 181,312 Financial expenses (235,033) (238,355) (327,855) (25,354) 63,374 (146,543) OPERATING PROFIT 2,005,291 1,364,153 1,016,502 INCOME TAX AND SOCIAL CONTRIBUTION Current (21,195) (2,083) (36,803) Deferred 5,850 44,993 53,927 (15,345) 42,910 17,124 NET INCOME 1,989,946 1,407,063 1,033,626 BASIC AND DILUTED NET EARNING PER SHARE ATTRIBUTED TO CONTROLLING SHAREHOLDERS - Expressed in Brazilian Reais Common shares 6.94344 4.91091 3.60754 Class "A" Preferred shares 9.11525 5.40201 3.96830 Class "B" Preferred shares 7.63812 5.40201 3.96830 |
Schedule of condensed statements of comprehensive income | (c) Condensed statement of comprehensive income for the years ended December 31, 2019, 2018 e 2017 12.31.2019 12.31.2018 12.31.2017 NET INCOME 1,989,946 1,407,063 1,033,626 Other comprehensive income Items that will never be reclassified to profit or loss Gain (losses) on actuarial liabilities Post employment benefits (3,371) (408) 18 Post employment benefits - equity (120,358) (38,245) (29,567) Taxes on other comprehensive income 1,146 139 (7) Items that may be reclassified to profit or loss Adjustments related to financial assets - - 11,661 Adjustments related to financial assets - equity - - 9,554 Taxes on other comprehensive income - - (3,965) Realization - gain on financial assets, net of tax - - (9,355) Realization - gain on financial assets - equity - - (9,554) Subsidiary loss with interest variation (4,874) - - Total comprehensive income, net of taxes (127,457) (38,514) (31,215) TOTAL COMPREHENSIVE INCOME 1,862,489 1,368,549 1,002,411 |
Schedule of condensed statements of cash flows | (d) Condensed statements of cash flows for the years ended December 31, 2019, 2018 and 2017 12.31.2019 12.31.2018 12.31.2017 CASH FLOWS FROM INVESTMENT ACTIVITIES 688,443 653,230 440,406 CASH FLOWS FROM INVESTMENT ACTIVITIES Financial investments 115,376 (124,254) 24 Loans and financing granted to related parties (24,410) (192,445) (251,856) Receipt of loans and financing granted to related parties 24,512 560,877 124,122 Disposal of investments - - 397,572 Additions in investments (271,968) (608,934) (574,347) Capital reduction of investees - 45,000 170,000 Additions to property, plant and equipment (285) (267) (282) Additions to intangible assets (271) (3) (499) NET CASH USED IN INVESTING ACTIVITIES (157,046) (320,026) (135,266) CASH FLOWS FROM FINANCING ACTIVITIES Loans and financing obtained from third parties - - 77,000 Issue of Debentures 500,000 600,000 520,000 Issue of loans with related parties 48,000 - - Amortization of principal - loans and financing (115,500) (77,000) (83,000) Amortization of principal - debentures (853,400) (333,300) (333,300) Amortization of loans obtained from related parties (48,000) - - Amortization of principal - Lease liabilities (141) - - Dividends and interest on own capital paid (352,055) (264,734) (475,103) NET CASH USED IN FINANCING ACTIVITIES (821,096) (75,034) (294,403) TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS (289,699) 258,170 10,737 Cash and cash equivalents at the beginning of the period 315,003 56,833 46,096 Cash and cash equivalents at the end of the period 25,304 315,003 56,833 CHANGE IN CASH AND CASH EQUIVALENTS (289,699) 258,170 10,737 |
Schedule of outstanding balances with related parties | Related Parties 12.31.2019 12.31.2018 Assets Copel Distribuição 108,983 104,751 Investees and Subsidiaries - Structure sharing 6,039 8,134 115,022 112,885 Liabilities Investees and Subsidiaries - Structure sharing 696 755 Elejor advance 145 - 841 755 |
Schedule of investments in subsidiaries | Investments 12.31.2019 12.31.2018 Copel Geração e Transmissão 9,749,705 8,911,964 Copel Distribuição 6,012,246 5,908,755 Copel Telecomunicações 710,128 638,873 Copel Energia 243,123 83,468 Compagas 284,747 221,654 UEG Araucária 64,094 74,132 Other investments 71,431 79,542 17,135,474 15,918,388 |
Schedule of dividends receivable | Dividends receivable 12.31.2019 12.31.2018 Investees and subsidiaries Copel Geração e Transmissão 464,450 368,950 Copel Distribuição 266,050 89,486 Copel Telecomunicações - 29,260 Copel Comercialização 88 - Compagas 22,531 9,996 Elejor - 13,358 UEG Araucária 6,143 6,143 Joint Ventures Voltália 1,032 1,032 Other investments 425 875 760,719 519,100 |
Schedule of provisions for risks | Reserve for risks 12.31.2019 12.31.2018 Regulatory 17,357 16,176 Labor 1,957 588 Civil 150,529 142,773 Tax Claim 135,028 132,643 304,871 292,180 |
Schedule of restricted subsidiaries net assets | As of December 31, 2019 and 2018, total restricted subsidiaries net assets are composed as follows: 12.31.2019 12.31.2018 Copel Geração e Transmissão S.A. 9,749,705 8,911,964 Copel Distribuição S.A. 6,012,244 5,908,755 UEG Araucária Ltda. 315,740 370,662 Centrais Elétricas Rio Jordão - Elejor 42,859 53,977 16,120,548 15,245,358 |
Schedule of expected undiscounted settlement values of the liabilities | The following table shows the expected undiscounted settlement values of the liabilities, in each time range: Interest (a) Less than 1 month 1 to 3 months 3 months to a year 1 to 5 years Over 5 years Total 12.31.2019 Loans and financing Note 21 - 47,209 27,273 800,135 - 874,617 Debentures Note 22 318,774 - 28,433 840,228 - 1,187,435 Suppliers 3,956 - - - - 3,956 Lease liabilities Note 27 15 29 131 142 - 317 322,745 47,238 55,837 1,640,505 - 2,066,325 (a) Effective interest rate - weighted average. |
1 Operations (Details)
1 Operations (Details) | 12 Months Ended | |
Dec. 31, 2019 | ||
Copel Geracao e Transmissao S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Copel Geração e Transmissão S.A. (Copel GeT) | |
Headquarters | Curitiba/PR | |
Main activity | Production and transmission of electricity | |
Interest | 100.00% | |
Investor | Copel | |
Copel Distribuicao S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Copel Distribuição S.A. (Copel DIS) | |
Headquarters | Curitiba/PR | |
Main activity | Distribution and marketing of electricity | |
Interest | 100.00% | |
Investor | Copel | |
Copel Telecomunicacoes S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Copel Telecomunicações S.A. (Copel TEL) | |
Headquarters | Curitiba/PR | |
Main activity | Telecommunication and communication | |
Interest | 100.00% | |
Investor | Copel | |
Copel Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Copel Renováveis S.A. (Copel REN) | [1] |
Headquarters | Curitiba/PR | [1] |
Main activity | Control and management of interests | [1] |
Interest | 100.00% | [1] |
Investor | Copel | [1] |
Copel Comercializacao S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Copel Comercialização S.A. (Copel Energia) | |
Headquarters | Curitiba/PR | |
Main activity | Commercialization of electricity | |
Interest | 100.00% | |
Investor | Copel | |
Companhia Paranaense de Gas - Compagas [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Companhia Paranaense de Gás - Compagás | |
Headquarters | Curitiba/PR | |
Main activity | Distribution of pipeline gas | |
Interest | 51.00% | |
Investor | Copel | |
Elejor - Centrais Eletricas do Rio Jordao S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Elejor - Centrais Elétricas do Rio Jordão S.A. | |
Headquarters | Curitiba/PR | |
Main activity | Production of electricity | |
Interest | 70.00% | |
Investor | Copel | |
UEG Araucaria Ltda. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | UEG Araucária Ltda. (UEG) | |
Headquarters | Curitiba/PR | |
Main activity | Production of electricity from natural gas | |
Interest | 20.30% | |
Investor | Copel | |
UEG Araucaria Ltda. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | UEG Araucária Ltda. (UEG) | |
Headquarters | Curitiba/PR | |
Main activity | Production of electricity from natural gas | |
Interest | 60.90% | |
Investor | Copel GeT | |
Sao Bento Energia, Investimentos e Participacoes S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | São Bento Energia, Investimentos e Participações S.A. (São Bento) | |
Headquarters | Curitiba/PR | |
Main activity | Control and management of interests | |
Interest | 100.00% | |
Investor | Copel GeT | |
Nova Asa Branca I Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Nova Asa Branca I Energias Renováveis S.A. | |
Headquarters | S. Miguel do Gostoso/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Copel GeT | |
Nova Asa Branca II Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Nova Asa Branca II Energias Renováveis S.A. | |
Headquarters | Parazinho/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Copel GeT | |
Nova Asa Branca III Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Nova Asa Branca III Energias Renováveis S.A. | |
Headquarters | Parazinho/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Copel GeT | |
Nova Eurus IV Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Nova Eurus IV Energias Renováveis S.A. | |
Headquarters | Touros/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Copel GeT | |
Santa Maria Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Santa Maria Energias Renováveis S.A. | |
Headquarters | Maracanaú/CE | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Copel GeT | |
Santa Helena Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Santa Helena Energias Renováveis S.A. | |
Headquarters | Maracanaú/CE | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Copel GeT | |
Ventos de Santo Uriel S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Ventos de Santo Uriel S.A. | |
Headquarters | João Câmara/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Copel GeT | |
Cutia Empreendimentos Eolicos S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Cutia Empreendimentos Eólicos S.A. (Cutia) | |
Headquarters | Curitiba/PR | |
Main activity | Control and management of interests | |
Interest | 100.00% | |
Investor | Copel GeT | |
Costa Oeste Transmissora de Energia S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Costa Oeste Transmissora de Energia S.A. | |
Headquarters | Curitiba/PR | |
Main activity | Transmission of electricity | |
Interest | 100.00% | |
Investor | Copel GeT | |
Marumbi Transmissora de Energia S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Marumbi Transmissora de Energia S.A. | |
Headquarters | Curitiba/PR | |
Main activity | Transmission of electricity | |
Interest | 100.00% | |
Investor | Copel GeT | |
Uirapuru Transmissora de Energia S.A [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Uirapuru Transmissora de Energia S.A | |
Headquarters | Florianópolis | |
Main activity | Transmission of electricity | |
Interest | 100.00% | |
Investor | Copel GeT | |
Bela Vista Geracao de Energia S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Bela Vista Geração de Energia S.A. | [2] |
Headquarters | Curitiba/PR | [2] |
Main activity | Production of electricity | [2] |
Interest | 100.00% | [2] |
Investor | Copel GeT | [2] |
F.D.A. Geracao de Energia Eletrica S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | F.D.A. Geração de Energia Elétrica S.A. | [2] |
Headquarters | Curitiba/PR | [2] |
Main activity | Production of electricity | [2] |
Interest | 100.00% | [2] |
Investor | Copel GeT | [2] |
Jandaira I Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Jandaíra I Energias Renováveis S.A. | [2] |
Headquarters | Curitiba/PR | [2] |
Main activity | Production of electricity from wind sources | [2] |
Interest | 100.00% | [2] |
Investor | Copel GeT | [2] |
Jandaira II Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Jandaíra II Energias Renováveis S.A. | [2] |
Headquarters | Curitiba/PR | [2] |
Main activity | Production of electricity from wind sources | [2] |
Interest | 100.00% | [2] |
Investor | Copel GeT | [2] |
Jandaira III Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Jandaíra III Energias Renováveis S.A. | [2] |
Headquarters | Curitiba/PR | [2] |
Main activity | Production of electricity from wind sources | [2] |
Interest | 100.00% | [2] |
Investor | Copel GeT | [2] |
Jandaira IV Energias Renovaveis S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Jandaíra IV Energias Renováveis S.A. | [2] |
Headquarters | Curitiba/PR | [2] |
Main activity | Production of electricity from wind sources | [2] |
Interest | 100.00% | [2] |
Investor | Copel GeT | [2] |
GE Olho D'agua S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | GE Olho D’Água S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | São Bento | |
GE Boa Vista S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | GE Boa Vista S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | São Bento | |
GE Farol S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | GE Farol S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | São Bento | |
GE Sao Bento do Norte S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | GE São Bento do Norte S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | São Bento | |
Central Geradora Eolica Sao Bento do Norte I S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Central Geradora Eólica São Bento do Norte I S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Central Geradora Eolica Sao Bento do Norte II S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Central Geradora Eólica São Bento do Norte II S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Central Geradora Eolica Sao Bento do Norte III S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Central Geradora Eólica São Bento do Norte III S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Central Geradora Eolica Sao Miguel I S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Central Geradora Eólica São Miguel I S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Central Geradora Eolica Sao Miguel II S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Central Geradora Eólica São Miguel II S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Central Geradora Eolica Sao Miguel III S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Central Geradora Eólica São Miguel III S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Usina de Energia Eolica Guajiru S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Usina de Energia Eólica Guajiru S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Usina de Energia Eolica Jangada S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Usina de Energia Eólica Jangada S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Usina de Energia Eolica Potiguar S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Usina de Energia Eólica Potiguar S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Usina de Energia Eolica Cutia S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Usina de Energia Eólica Cutia S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Usina de Energia Eolica Maria Helena S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Usina de Energia Eólica Maria Helena S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Usina de Energia Eolica Esperanca do Nordeste S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Usina de Energia Eólica Esperança do Nordeste S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
Usina de Energia Eolica Paraiso dos Ventos do Nordeste S.A. [Member] | ||
Disclosure of subsidiaries [line items] | ||
Subsidiary name | Usina de Energia Eólica Paraíso dos Ventos do Nordeste S.A. | |
Headquarters | São Bento do Norte/RN | |
Main activity | Production of electricity from wind sources | |
Interest | 100.00% | |
Investor | Cutia | |
[1] | The company is studying the possible incorporation of the operational activities and version of Copel RENs equity for the shareholder or the change of main activity. | |
[2] | Pre-operating stage. |
1 Operations (Details 1)
1 Operations (Details 1) | 12 Months Ended | |
Dec. 31, 2019 | ||
Voltalia Sao Miguel do Gostoso I Participacoes S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
Joint ventures | Voltalia São Miguel do Gostoso I Participações S.A. | |
Headquarters | São Paulo/SP | |
Main activity | Interests in companies | |
Interest | 49.00% | |
Investor | Copel | |
Parana Gas Exploracao e Producao S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
Joint ventures | Paraná Gás Exploração e Produção S.A. | [1] |
Headquarters | Curitiba/PR | [1] |
Main activity | Exploration of natural gas | [1] |
Interest | 30.00% | [1] |
Investor | Copel | [1] |
Caiua Transmissora de Energia S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
Joint ventures | Caiuá Transmissora de Energia S.A. | |
Headquarters | Rio de Janeiro/RJ | |
Main activity | Transmission of electricity | |
Interest | 49.00% | |
Investor | Copel GeT | |
Integracao Maranhense Transmissora de Energia S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
Joint ventures | Integração Maranhense Transmissora de Energia S.A. | |
Headquarters | Rio de Janeiro/RJ | |
Main activity | Transmission of electricity | |
Interest | 49.00% | |
Investor | Copel GeT | |
Matrincha Transmissora de Energia (TP NORTE) S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
Joint ventures | Matrinchã Transmissora de Energia (TP NORTE) S.A. | |
Headquarters | Rio de Janeiro/RJ | |
Main activity | Transmission of electricity | |
Interest | 49.00% | |
Investor | Copel GeT | |
Guaraciaba Transmissora de Energia (TP SUL) S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
Joint ventures | Guaraciaba Transmissora de Energia (TP SUL) S.A. | |
Headquarters | Rio de Janeiro/RJ | |
Main activity | Transmission of electricity | |
Interest | 49.00% | |
Investor | Copel GeT | |
Paranaiba Transmissora de Energia S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
Joint ventures | Paranaíba Transmissora de Energia S.A. | |
Headquarters | Rio de Janeiro/RJ | |
Main activity | Transmission of electricity | |
Interest | 24.50% | |
Investor | Copel GeT | |
Mata de Santa Genebra Transmissao S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
Joint ventures | Mata de Santa Genebra Transmissão S.A. | [2] |
Headquarters | Rio de Janeiro/RJ | [2] |
Main activity | Transmission of electricity | [2] |
Interest | 50.10% | [2] |
Investor | Copel GeT | [2] |
Cantareira Transmissora de Energia S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
Joint ventures | Cantareira Transmissora de Energia S.A. | |
Headquarters | Rio de Janeiro/RJ | |
Main activity | Transmission of electricity | |
Interest | 49.00% | |
Investor | Copel GeT | |
[1] | Project with halted activities due to a Public Civil Action pending judgment by Federal Court. An arbitration proceeding will be started to decide about relief of contractual obligations with no burden for bidders, with consequent return of signing up bonus, refund of incurred costs with collateral and relief of collateral provided. | |
[2] | Pre-operating stage. |
1 Operations (Details 2)
1 Operations (Details 2) | 12 Months Ended | |
Dec. 31, 2019 | ||
Dona Francisca Energetica S.A. [Member] | ||
Disclosure of associates [line items] | ||
Associate name | Dona Francisca Energética S.A. | |
Headquarters | Agudo/RS | |
Main activity | Production of electricity | |
Interest | 23.0303% | |
Investor | Copel | |
Foz do Chopim Energetica Ltda. [Member] | ||
Disclosure of associates [line items] | ||
Associate name | Foz do Chopim Energética Ltda. | |
Headquarters | Curitiba/PR | |
Main activity | Production of electricity | |
Interest | 35.77% | |
Investor | Copel GeT | |
Carbocampel S.A. [Member] | ||
Disclosure of associates [line items] | ||
Associate name | Carbocampel S.A. | |
Headquarters | Figueira/PR | |
Main activity | Coal exploration | |
Interest | 49.00% | |
Investor | Copel | |
Copel Amec S/C Ltda. - in liquidation [Member] | ||
Disclosure of associates [line items] | ||
Associate name | Copel Amec S/C Ltda. - in liquidation | |
Headquarters | Curitiba/PR | |
Main activity | Services | |
Interest | 48.00% | |
Investor | Copel | |
Sercomtel S.A. Telecomunicacoes [Member] | ||
Disclosure of associates [line items] | ||
Associate name | Sercomtel S.A. Telecomunicações | [1] |
Headquarters | Londrina/PR | [1] |
Main activity | Telecommunications | [1] |
Interest | 45.00% | [1] |
Investor | Copel | [1] |
Domino Holdings Ltda. [Member] | ||
Disclosure of associates [line items] | ||
Associate name | Dominó Holdings Ltda. | |
Headquarters | Curitiba/PR | |
Main activity | Interests in companies | |
Interest | 49.00% | |
Investor | Copel Energia | |
Estacao Osasco Desenvolvimento Lmobiliario S.A. [Member] | ||
Disclosure of associates [line items] | ||
Associate name | Estação Osasco Desenvolvimento Imobiliário S.A. | [2] |
Headquarters | São Paulo/SP | [2] |
Main activity | Incorporation of real estate projects | [2] |
Interest | 18.78% | [2] |
Investor | UEG | [2] |
[1] | Investment reduced to zero due to the impairment tests. | |
[2] | Pre-operating stage. |
1 Operations (Details 3)
1 Operations (Details 3) | 12 Months Ended |
Dec. 31, 2019 | |
Hydroelectric Power Plant Gov. Jayme Canet Junior [Member] | |
Disclosure of joint operations [line items] | |
Joint operation name | Hydroelectric Power Plant Gov. Jayme Canet Júnior Mauá (Note 17.5) |
Interest | 51.00% |
Other consortium members | Eletrosul Centrais Elétricas S.A. (49%) |
Hydroelectric Power Plant Baixo Iguacu [Member] | |
Disclosure of joint operations [line items] | |
Joint operation name | Hydroelectric Power Plant Baixo Iguaçu (Note 17.5.1) |
Interest | 30.00% |
Other consortium members | Geração Céu Azul S.A (subsidiary of Neoenergia S.A.) (70%) |
1 Operations (Details 4)
1 Operations (Details 4) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Jun. 28, 2018 |
Disclosure of detailed information about business combination [line items] | ||
Percentage of interest transferred | 100.00% | |
Consideration amount | R$ 133739 | |
Concession rights | 20,030 | |
Fair Value [Member] | ||
Disclosure of detailed information about business combination [line items] | ||
Consideration amount | R$ 113709 | R$ 113709 |
1 Operations (Details 5)
1 Operations (Details 5) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Jun. 28, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
SummaryOfOperationsLineItems [Line Items] | ||||||
Assets identified | R$ 38312550 | R$ 35930100 | ||||
Cash and cash equivalents | 2,941,727 | 1,948,409 | R$ 1040075 | R$ 982073 | ||
Taxes recoverable | 236,929 | 152,157 | ||||
Other receivables | 2,617,638 | 2,550,691 | ||||
Suppliers | 187,913 | 49,956 | ||||
Taxes due | 293,666 | 157,420 | R$ 156630 | |||
Deferred taxes | 1,606,713 | R$ 1664773 | ||||
Net assets acquired | 133,739 | |||||
Fair Value [Member] | ||||||
SummaryOfOperationsLineItems [Line Items] | ||||||
Assets identified | 144,593 | |||||
Cash and cash equivalents | 9,803 | |||||
Trade accounts receivable | 2,921 | |||||
Taxes recoverable | 17 | |||||
Contract assets | [1] | 120,213 | ||||
Other receivables | 1,051 | |||||
Deferred taxes - business combination | 10,588 | |||||
Liabilities assumed | 30,884 | |||||
Suppliers | 6,115 | |||||
Payroll, social charges and accruals | 73 | |||||
Taxes due | 320 | |||||
Sectorial charges due | 1,572 | |||||
Deferred taxes | 4,097 | |||||
Contingent liabilities - business combination | 18,344 | |||||
Others liabilities | 363 | |||||
Net assets acquired | 113,709 | R$ 113709 | ||||
Carrying Amount [Member] | ||||||
SummaryOfOperationsLineItems [Line Items] | ||||||
Assets identified | 146,802 | |||||
Cash and cash equivalents | 9,803 | |||||
Trade accounts receivable | 2,921 | |||||
Taxes recoverable | 17 | |||||
Contract assets | [1] | 133,010 | ||||
Other receivables | 1,051 | |||||
Deferred taxes - business combination | ||||||
Liabilities assumed | 12,540 | |||||
Suppliers | 6,115 | |||||
Payroll, social charges and accruals | 73 | |||||
Taxes due | 320 | |||||
Sectorial charges due | 1,572 | |||||
Deferred taxes | 4,097 | |||||
Contingent liabilities - business combination | ||||||
Others liabilities | 363 | |||||
Net assets acquired | R$ 134262 | |||||
[1] | The book value of contract assets disclosed by the acquired subsidiary was adjusted pursuant to the Company's practices before allocation of fair value in the business combination. |
1 Operations (Details Narrative
1 Operations (Details Narrative) - BRL (R$) R$ in Thousands | Jan. 02, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Mar. 31, 2019 |
Disclosure of joint ventures [line items] | |||||
Percentage interest in shares of acquired | 100.00% | ||||
Net operating revenue increased | R$ 10792 | ||||
Net operating revenue | 16,255,066 | R$ 105184 | |||
Net income increased | 7,682 | ||||
Net income | R$ 2070551 | R$ 2062869 | R$ 1444004 | R$ 1118255 | |
Description of business combination | The business combination occurred with the payment of R$ 133,739, corresponding to 100% of SPE Uirapuru shares, of which R$ 142 was paid in December 2018 and R$ 133,597 during the first half of 2019. Considering the cash acquired from the subsidiary, in the amount of R$ 9,803, we have a net cash effect for the Company of R$ 123,936 (R$ 142 in 2018 and R$ 123,794 in 2019). | ||||
SPE Uirapuru Transmissora de Energia S.A. [Member] | Share Purchase and Sale Agreement [Member] | |||||
Disclosure of joint ventures [line items] | |||||
Percentage interest in shares of acquired | 100.00% |
2 Concessions and Authorizati_3
2 Concessions and Authorizations (Details) | 12 Months Ended | |
Dec. 31, 2019 | ||
Concession Contracts [Member] | Parana Gas [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | PART-T-300_R12 4861-.0000.99/2014-00 - ANP | |
Interest | 30.00% | |
Maturity | 05.15.2045 | |
Concession Contracts [Member] | Usina de Energia Eolica Sao Joao S.A. [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | MME Ordinance 173 /2012 - WPP Sao Joao | [1] |
Interest | 49.00% | [1] |
Maturity | 03.26.2047 | [1] |
Concession Contracts [Member] | Usina de Energia Eolica Carnauba S.A. [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | MME Ordinance 204 /2012 - WPP Carnaubas | [1] |
Interest | 49.00% | [1] |
Maturity | 04.09.2047 | [1] |
Concession Contracts [Member] | Usina de Energia Eolica Reduto S.A. [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | MME Ordinance 230 /2012 - WPP Reduto | [1] |
Interest | 49.00% | [1] |
Maturity | 04.16.2047 | [1] |
Concession Contracts [Member] | Usina de Energia Eolica Santo Cristo S.A. [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | MME Ordinance 233/2012 - WPP Santo Cristo | [1] |
Interest | 49.00% | [1] |
Maturity | 04.18.2047 | [1] |
Concession Contracts [Member] | Dona Francisca Energetica S.A. [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | Contract 188/1998 - HPP Dona Francisca | |
Interest | 23.00% | |
Maturity | 08.28.2033 | |
Concession Contracts [Member] | Copel Distribuicao S.A. [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | Contract 046/1999, extended by 5th addendum to the contract | |
Interest | 100.00% | |
Maturity | 07.07.2045 | |
Concession Contracts [Member] | Copel Telecomunicacoes S.A. [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | Authorization term 54/2003 - Anatel/SVP/PVST | |
Interest | 100.00% | |
Maturity | Indeterminate | |
Concession Contracts [Member] | Elejor [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | Contract 125/2001 - HPP Fundao and Santa Clara | |
Interest | 70.00% | |
Maturity | 05.28.2037 | |
Concession Contracts [Member] | UEG Araucaria [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | Authorization 351/1999 - TPP Araucaria (60.9% Copel GET) | |
Interest | 20.30% | |
Maturity | 12.23.2029 | |
Concession Contracts [Member] | Compagas [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | Concession gas distribution contract | |
Interest | 51.00% | |
Maturity | 01.20.2019 | |
Concession Agreement/Authorization [Member] | Copel Telecomunicacoes S.A. [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | Authorization term 305/2012 - Anatel/SVP/PVST | |
Interest | 100.00% | |
Maturity | Indeterminate | |
Concession Agreement/Authorization [Member] | Elejor [Member] | ||
Disclosure of detailed information about service concession arrangements [line items] | ||
Concessions agreements or authorizations | Authorization - SHP Fundao I and SHP Santa Clara I - 753/2002 and 757/2002 | |
Interest | 70.00% | |
Maturity | 12.19.2032 | |
[1] | Subsidiaries of Voltalia Sao Miguel do Gostoso I Participacoes S.A. |
2 Concessions and Authorizati_4
2 Concessions and Authorizations (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about service concession arrangements [line items] | |||
Accounts receivable related to the concession | R$ 2617638 | R$ 2550691 | |
Intangible assets | 6,332,611 | 6,029,097 | |
Amortization | (372) | (373) | |
End of concession in 2024 [Member] | |||
Disclosure of detailed information about service concession arrangements [line items] | |||
Accounts receivable related to the concession | 144,813 | 148,720 | R$ 148868 |
Intangible assets | 127,598 | 152,538 | 198,688 |
Fair value of assets from the indemnity for the concession | 9,181 | 9,184 | (197) |
Amortization | (28,854) | (29,012) | |
Adjustments [Member] | |||
Disclosure of detailed information about service concession arrangements [line items] | |||
Accounts receivable related to the concession | 179,572 | 199,257 | 154,800 |
Intangible assets | (127,598) | (148,919) | (154,800) |
Fair value of assets from the indemnity for the concession | 1,234 | 3,009 | 41,078 |
Amortization | 400 | 6,253 | |
End of concession in 2019 [Member] | |||
Disclosure of detailed information about service concession arrangements [line items] | |||
Accounts receivable related to the concession | 324,385 | 347,977 | 303,668 |
Intangible assets | 3,619 | 43,888 | |
Fair value of assets from the indemnity for the concession | 10,415 | 12,193 | R$ 40881 |
Amortization | R$ 28454 | R$ 22759 |
2 Concessions and Authorizati_5
2 Concessions and Authorizations (Details 2) - Copel Geracao e Transmissao S.A. [Member] - Concession Contracts [Member] | 12 Months Ended | |
Dec. 31, 2019 | ||
Generation Concession 001/2007 - HPP Gov. Jayme Canet Junior (Maua) [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 51.00% | |
Maturity date | Feb. 7, 2042 | |
Generation concession 001/2011 - HPP Colider [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 17, 2046 | |
Ordinance 133/2011 - SHP Cavernoso II [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Feb. 28, 2046 | |
Generation Concession 002/2012 - HPP Baixo Iguacu [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 30.00% | |
Maturity date | Oct. 30, 2049 | |
HPP Apucaraninha [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Oct. 12, 2025 | |
HPP Chamine [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 16, 2026 | |
HPP Derivacao do Rio Jordao [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Nov. 15, 2029 | |
HPP Cavernoso [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 7, 2031 | |
TPP Figueira [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Mar. 27, 2019 | |
HPP Gov. Bento Munhoz da Rocha Neto (Foz do Areia) [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Sep. 17, 2023 | |
HPP Sao Jorge [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Dec. 5, 2024 | |
HPP Guaricana [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 16, 2026 | |
HPP Gov. Ney Aminthas de Barros Braga (Segredo) [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Nov. 16, 2029 | |
HPP Gov. Jose Richa (Salto Caxias) [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | May 5, 2030 | |
Authorization 278/1999 - WPP Palmas [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Sep. 29, 2029 | |
HGP Salto do Vau [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Generation Concession 002/2016 - HPP Gov. Pedro Viriato Parigot de Souza (GPS) [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 5, 2046 | |
HPP Marumbi - Power Generating Plant Registration: CGH. PH. PR. 001501-6.02 [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Authorization Aneel 5,373/2015 - HGP Chopim I [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
UEG Araucaria [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 60.90% | |
Maturity date | Dec. 23, 2029 | |
Nova Asa Branca I [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Apr. 25, 2046 | |
Nova Asa Branca II [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | May 31, 2046 | |
Nova Asa Branca III [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | May 31, 2046 | |
Nova Eurus IV [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Apr. 27, 2046 | |
Santa Maria [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | May 8, 2047 | |
Santa Helena [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Apr. 9, 2047 | |
Ventos de Santo Uriel [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Apr. 9, 2047 | |
GE Boa Vista [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Apr. 28, 2046 | |
GE Farol [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Apr. 20, 2046 | |
GE Olho DAgua [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jun. 1, 2046 | |
GE Sao Bento do Norte [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | May 19, 2046 | |
Esperanca do Nordeste [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | May 11, 2050 | |
Paraiso dos Ventos do Nordeste [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | May 11, 2050 | |
Usina de Energia Eolica Jangada [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 5, 2042 | |
Maria Helena [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 5, 2042 | |
Usina de Energia Eolica Potiguar [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | May 11, 2050 | |
Usina de Energia Eolica Guajiru [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 5, 2042 | |
Usina de Energia Eolica Cutia [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 5, 2042 | |
Sao Bento do Norte I [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 4, 2050 | |
Sao Bento do Norte II [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 4, 2050 | |
Sao Bento do Norte III [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 4, 2050 | |
Sao Miguel I [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 4, 2050 | |
Sao MigueI lI [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 4, 2050 | |
Sao MigueI lI [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 4, 2050 | |
Foz do Chopim [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 35.77% | |
Maturity date | Apr. 23, 2030 | |
SHP Bela Vista [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | [1] |
Maturity date | Jan. 2, 2041 | [1] |
Jandaira I Energias Renovaveis [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | [1] |
Jandaira II Energias Renovaveis [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | [1] |
Jandaira III Energias Renovaveis [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | [1] |
Jandaira IV Energias Renovaveis [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | [1] |
Contract 060/2001 - Transmission Installations (Several Transmission Lines and Substations) [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 1, 2043 | |
Contract 075/2001 - Transmission Line 230 kV Bateias - Jaguariaiva [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 17, 2031 | |
Contract 006/2008 - Transmission Line 230 kV Bateias - Pilarzinho [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Mar. 17, 2038 | |
Contract 027/2009 - Transmission Line 525 kV Foz do Iguacu - Cascavel Oeste [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Nov. 19, 2039 | |
Contract 010/2010 - Transmission Line 500 kV Araraquara II - Taubate [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Oct. 6, 2040 | |
Contract 015/2010 - Substation Cerquilho III 230/138 kV [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Oct. 6, 2040 | |
Contract 022/2012 - Transmission Line 230 kV Londrina - Figueira and Transmission Line 230 kV Foz do Chopim - Salto Osorio [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Aug. 27, 2042 | |
Contract 002/2013 - Transmission Line 230 kV Assis - Paraguacu Paulista II e Substation Paraguacu Paulista II 230 kV [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Feb. 25, 2043 | |
Contract 005/2014 - Transmission Line 230 kV Bateias - Curitiba Norte e Substation Curitiba Norte 230/138 kV [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 29, 2044 | |
Contract 021/2014 - Transmission Line 230 kV Foz do Chopim - Realeza e Substation Realeza 230/138 kV [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Sep. 5, 2044 | |
Contract 022/2014 - Transmission Line 500 kV Assis - Londrina [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Sep. 5, 2044 | |
Contract 006/2016 - Transmission Line 525kV Curitiba Leste - Blumenau [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | [2] |
Maturity date | Apr. 7, 2046 | [2] |
Costa Oeste Transmissora [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Jan. 12, 2042 | |
Caiua Transmissora [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 49.00% | |
Maturity date | May 10, 2042 | |
Marumbi Transmissora [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | May 10, 2042 | |
Integracao Maranhense [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 49.00% | |
Maturity date | May 10, 2042 | |
Matrincha Transmissora [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 49.00% | |
Maturity date | May 10, 2042 | |
Guaraciaba Transmissora [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 49.00% | |
Maturity date | May 10, 2042 | |
Paranaiba Transmissora [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 24.50% | |
Maturity date | May 2, 2043 | |
Mata de Santa Genebra [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 50.10% | [2] |
Maturity date | May 14, 2044 | [2] |
Cantareira Transmissora [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 49.00% | |
Maturity date | Sep. 5, 2044 | |
Uirapuru Transmissora [Member] | ||
Disclosure of subsidiaries [line items] | ||
Percentage of interest rate | 100.00% | |
Maturity date | Mar. 4, 2035 | |
[1] | Project under construction. | |
[2] | Buildings under construction. |
4 Significant Accounting Poli_4
4 Significant Accounting Policies (Details Narrative) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019BRL (R$) | Dec. 31, 2018BRL (R$) | Dec. 31, 2017BRL (R$) | |
Significant Accounting Policies [Abstract] | |||
CDI rate | 0.0910 | ||
Increase in assets and liabilities | R$ 118022 | ||
Increase in amortization | 34,205 | ||
Increase in interest expense | 9,675 | ||
Other operational income (expenses) | R$ 458815 | R$ 302690 | R$ 464316 |
Percentage of construction margin adopted for the transmission activity | 1.65% | 1.65% | 1.65% |
5 Cash and Cash Equivalents (De
5 Cash and Cash Equivalents (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of fair value measurement of assets [line items] | ||||
Cash and cash equivalents | R$ 2941727 | R$ 1948409 | R$ 1040075 | R$ 982073 |
Cash and Bank Accounts [Member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Cash and cash equivalents | 263,188 | 167,728 | ||
Financial Investments with Immediate Liquidity [Member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Cash and cash equivalents | R$ 2678539 | R$ 1780681 |
5 Cash and Cash Equivalents (_2
5 Cash and Cash Equivalents (Details Narrative) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Cash and cash equivalents [abstract] | ||
Interbank deposit certificate | 78.00% | 100.80% |
6 Bonds and Securities (Details
6 Bonds and Securities (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | ||
Disclosure of fair value measurement of assets [line items] | |||
Bonds and securities | R$ 282081 | R$ 344296 | |
Bonds and securities, current | 3,112 | 124,862 | |
Bonds and securities, noncurrent | 278,969 | 219,434 | |
Committed Operation [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Bonds and securities | R$ 3632 | 6,116 | |
Index | 96.5% to 100% of CDI | ||
Bank Deposit Certificates - CDB [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Bonds and securities | R$ 50216 | 50,629 | |
Index | 95.0% to 101% of CDI | ||
Financial Treasury Bonds - LFT [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Bonds and securities | R$ 733 | 696 | |
Index | Selic | ||
National Treasury Bills - LTN [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Bonds and securities | R$ 1696 | ||
Index | CDI | ||
Quotas in Funds [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Bonds and securities | [1] | R$ 225804 | R$ 286855 |
Index | [1] | CDI | |
[1] | These are fixed income funds in the Parent Company and reserve accounts intended to comply with contracts with BNDES, in other companies. |
6 Bonds and Securities (Detai_2
6 Bonds and Securities (Details Narrative) | 12 Months Ended |
Dec. 31, 2019 | |
Bonds And Securities [Abstract] | |
Description of securites term | The term of these securities ranges from 1 to 52 months from the end of the reporting period. |
7 Trade Accounts Receivable (De
7 Trade Accounts Receivable (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | R$ 3182567 | R$ 3107006 |
Current | 3,120,168 | 2,944,091 |
Noncurrent | 62,399 | 162,915 |
Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 2,697,862 | |
Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 386,761 | |
Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 97,944 | |
CCEE [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 119,665 | |
Customers [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 2,498,744 | 2,487,806 |
Customers [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 1,831,011 | |
Customers [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 370,051 | |
Customers [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 297,682 | |
Customers [Member] | Residential [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 579,715 | 584,621 |
Customers [Member] | Residential [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 346,883 | |
Customers [Member] | Residential [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 203,471 | |
Customers [Member] | Residential [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 29,361 | |
Customers [Member] | Industrial [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 298,719 | 365,020 |
Customers [Member] | Industrial [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 184,959 | |
Customers [Member] | Industrial [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 30,440 | |
Customers [Member] | Industrial [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 83,320 | |
Customers [Member] | Commercial [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 363,986 | 372,914 |
Customers [Member] | Commercial [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 271,065 | |
Customers [Member] | Commercial [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 63,557 | |
Customers [Member] | Commercial [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 29,364 | |
Customers [Member] | Rural [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 103,271 | 89,634 |
Customers [Member] | Rural [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 77,716 | |
Customers [Member] | Rural [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 20,419 | |
Customers [Member] | Rural [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 5,136 | |
Customers [Member] | Public Entities [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 55,847 | 56,920 |
Customers [Member] | Public Entities [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 44,608 | |
Customers [Member] | Public Entities [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 7,523 | |
Customers [Member] | Public Entities [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 3,716 | |
Customers [Member] | Public Lighting [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 38,523 | 39,114 |
Customers [Member] | Public Lighting [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 38,470 | |
Customers [Member] | Public Lighting [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 51 | |
Customers [Member] | Public Lighting [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 2 | |
Customers [Member] | Public Service [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 44,983 | 42,702 |
Customers [Member] | Public Service [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 43,660 | |
Customers [Member] | Public Service [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 882 | |
Customers [Member] | Public Service [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 441 | |
Customers [Member] | Unbilled - captives [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 516,203 | 478,328 |
Customers [Member] | Unbilled - captives [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 516,203 | |
Customers [Member] | Unbilled - captives [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | ||
Customers [Member] | Unbilled - captives [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | ||
Customers [Member] | Energy Installments Plan - captives [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 204,192 | 197,951 |
Customers [Member] | Energy Installments Plan - captives [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 124,151 | |
Customers [Member] | Energy Installments Plan - captives [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 16,280 | |
Customers [Member] | Energy Installments Plan - captives [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 63,761 | |
Customers [Member] | Low Income Subsidy-Eletrobras [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 12,174 | 11,958 |
Customers [Member] | Low Income Subsidy-Eletrobras [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 12,174 | |
Customers [Member] | Low Income Subsidy-Eletrobras [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | ||
Customers [Member] | Low Income Subsidy-Eletrobras [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | ||
Customers [Member] | Other Receivables [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 148,375 | 138,116 |
Customers [Member] | Other Receivables [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 42,433 | |
Customers [Member] | Other Receivables [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 23,362 | |
Customers [Member] | Other Receivables [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 82,580 | |
Customers [Member] | Free Consumers [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 132,756 | 110,528 |
Customers [Member] | Free Consumers [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 128,689 | |
Customers [Member] | Free Consumers [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 4,066 | |
Customers [Member] | Free Consumers [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 1 | |
Concessionaires, Permission holder and Trading Companies [Member] | Regulated contracts [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 159,492 | 66,294 |
Concessionaires, Permission holder and Trading Companies [Member] | Regulated contracts [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 148,410 | |
Concessionaires, Permission holder and Trading Companies [Member] | Regulated contracts [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 4,289 | |
Concessionaires, Permission holder and Trading Companies [Member] | Regulated contracts [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 6,793 | |
Concessionaires, Permission holder and Trading Companies [Member] | Bilateral Contracts [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 191,463 | 186,252 |
Concessionaires, Permission holder and Trading Companies [Member] | Bilateral Contracts [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 183,973 | |
Concessionaires, Permission holder and Trading Companies [Member] | Bilateral Contracts [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 74 | |
Concessionaires, Permission holder and Trading Companies [Member] | Bilateral Contracts [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 7,416 | |
Concessionaires, Permission holder and Trading Companies [Member] | CCEE [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 315,712 | 323,657 |
Concessionaires, Permission holder and Trading Companies [Member] | CCEE [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 196,047 | |
Concessionaires, Permission holder and Trading Companies [Member] | CCEE [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | ||
Concessionaires, Permission holder and Trading Companies [Member] | CCEE [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 119,665 | |
Concessionaires, Permission holder and Trading Companies [Member] | Energy Suplies [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 666,667 | 576,203 |
Concessionaires, Permission holder and Trading Companies [Member] | Energy Suplies [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 528,430 | |
Concessionaires, Permission holder and Trading Companies [Member] | Energy Suplies [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 4,363 | |
Concessionaires, Permission holder and Trading Companies [Member] | Energy Suplies [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 133,874 | |
Concessionaires, Permission holder and Trading Companies [Member] | Charges From Using Transmission Grid [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 215,582 | 208,060 |
Concessionaires, Permission holder and Trading Companies [Member] | Charges From Using Transmission Grid [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 203,125 | |
Concessionaires, Permission holder and Trading Companies [Member] | Charges From Using Transmission Grid [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 4,511 | |
Concessionaires, Permission holder and Trading Companies [Member] | Charges From Using Transmission Grid [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 7,946 | |
Telecommunications [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 67,304 | 62,985 |
Telecommunications [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 50,752 | |
Telecommunications [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 10,094 | |
Telecommunications [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 6,458 | |
Gas Distribution [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 111,026 | 103,340 |
Gas Distribution [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 90,510 | |
Gas Distribution [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 9,228 | |
Gas Distribution [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | 11,288 | |
Expected Credit Losses [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | (376,756) | R$ 331388 |
Expected Credit Losses [Member] | Balance Falling Due [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | (5,966) | |
Expected Credit Losses [Member] | Overdue Up To 90 Days [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | (11,486) | |
Expected Credit Losses [Member] | Less Than 1 Year [Member] | ||
TradeAndOtherReceivablesLineItems [Line Items] | ||
Trade Accounts Receivable | R$ 359304 |
7 Trade Accounts Receivable (_2
7 Trade Accounts Receivable (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | R$ 331388 | R$ 309830 | R$ 355666 |
Effects of applying new IFRS | 21,863 | ||
Additions/ (reversals) | 162,477 | 96,084 | 90,288 |
Reversal or write offs | (117,109) | (96,389) | (136,124) |
Allowance for doubtful accounts, ending | 376,756 | 331,388 | 309,830 |
Customers [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 186,258 | 168,211 | 217,466 |
Effects of applying new IFRS | 18,941 | ||
Additions/ (reversals) | 136,514 | 86,178 | 79,259 |
Reversal or write offs | (103,783) | (87,072) | (128,514) |
Allowance for doubtful accounts, ending | 218,989 | 186,258 | 168,211 |
Customers [Member] | Residential [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 21,722 | 22,532 | 66,502 |
Effects of applying new IFRS | (5,708) | ||
Additions/ (reversals) | 71,794 | 62,274 | 36,177 |
Reversal or write offs | (51,692) | (57,376) | (80,147) |
Allowance for doubtful accounts, ending | 41,824 | 21,722 | 22,532 |
Customers [Member] | Industrial [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 87,197 | 78,779 | 66,563 |
Effects of applying new IFRS | 4,394 | ||
Additions/ (reversals) | 33,772 | 10,367 | 26,265 |
Reversal or write offs | (23,015) | (6,343) | (14,049) |
Allowance for doubtful accounts, ending | 97,954 | 87,197 | 78,779 |
Customers [Member] | Commercial [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 69,717 | 59,275 | 67,075 |
Effects of applying new IFRS | 16,973 | ||
Additions/ (reversals) | 27,866 | 10,318 | 18,101 |
Reversal or write offs | (26,658) | (16,849) | (25,901) |
Allowance for doubtful accounts, ending | 70,925 | 69,717 | 59,275 |
Customers [Member] | Rural [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 3,810 | 2,731 | 3,130 |
Effects of applying new IFRS | 1,646 | ||
Additions/ (reversals) | 1,499 | 3,734 | 2,997 |
Reversal or write offs | (1,920) | (4,301) | (3,396) |
Allowance for doubtful accounts, ending | 3,389 | 3,810 | 2,731 |
Customers [Member] | Public Entities [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 4,874 | 4,835 | 12,981 |
Effects of applying new IFRS | 3,262 | ||
Additions/ (reversals) | 435 | (1,313) | (3,833) |
Reversal or write offs | (419) | (1,910) | (4,313) |
Allowance for doubtful accounts, ending | 4,890 | 4,874 | 4,835 |
Customers [Member] | Public Lighting [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 120 | 40 | 104 |
Effects of applying new IFRS | 389 | ||
Additions/ (reversals) | (117) | (304) | 205 |
Reversal or write offs | (5) | (269) | |
Allowance for doubtful accounts, ending | 3 | 120 | 40 |
Customers [Member] | Public Service [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 199 | 19 | 1,111 |
Effects of applying new IFRS | 460 | ||
Additions/ (reversals) | 145 | 8 | (653) |
Reversal or write offs | (79) | (288) | (439) |
Allowance for doubtful accounts, ending | (265) | 199 | 19 |
Customers [Member] | Unbilled - captives [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 1,502 | ||
Effects of applying new IFRS | 1,573 | ||
Additions/ (reversals) | (322) | (71) | |
Reversal or write offs | |||
Allowance for doubtful accounts, ending | 1,180 | 1,502 | |
Customers [Member] | Adjustment to Present Value [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | (2,883) | ||
Effects of applying new IFRS | (4,048) | ||
Additions/ (reversals) | 1,442 | 1,165 | |
Reversal or write offs | |||
Allowance for doubtful accounts, ending | (1,441) | (2,883) | |
Concessionaires, Permission holder and Trading Companies [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 129,139 | 133,854 | 132,742 |
Effects of applying new IFRS | 4,155 | ||
Additions/ (reversals) | 11,608 | (8,860) | (1,287) |
Reversal or write offs | (657) | (10) | (175) |
Allowance for doubtful accounts, ending | 140,090 | 129,139 | 133,854 |
Concessionaires, Permission holder and Trading Companies [Member] | CCEE [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 119,665 | 119,665 | 119,665 |
Effects of applying new IFRS | |||
Additions/ (reversals) | |||
Reversal or write offs | |||
Allowance for doubtful accounts, ending | (119,665) | 119,665 | 119,665 |
Concessionaires, Permission holder and Trading Companies [Member] | Concessionaires, Permission holder and Trading Companies [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 9,474 | 14,189 | 13,077 |
Effects of applying new IFRS | 4,155 | ||
Additions/ (reversals) | 11,608 | (8,860) | 1,287 |
Reversal or write offs | (657) | (10) | (175) |
Allowance for doubtful accounts, ending | 20,425 | 9,474 | 14,189 |
Telecommunications [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 3,879 | 1,511 | 534 |
Effects of applying new IFRS | (1,233) | ||
Additions/ (reversals) | 13,292 | 12,749 | 8,309 |
Reversal or write offs | (12,022) | (9,148) | (7,332) |
Allowance for doubtful accounts, ending | 5,149 | 3,879 | 1,511 |
Gas Distribution [Member] | |||
TradeAndOtherReceivablesLineItems [Line Items] | |||
Allowance for doubtful accounts, beginning | 12,112 | 6,254 | 4,924 |
Effects of applying new IFRS | |||
Additions/ (reversals) | 1,063 | 6,017 | 1,433 |
Reversal or write offs | (647) | (159) | (103) |
Allowance for doubtful accounts, ending | R$ 12528 | R$ 12112 | R$ 6254 |
7 Trade Accounts Receivable (_3
7 Trade Accounts Receivable (Details Narrative) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of subsidiaries [line items] | ||
Trade receivables | R$ 3182567 | R$ 3107006 |
Bottom Of Range [Member] | ||
Disclosure of subsidiaries [line items] | ||
Discount rate for trade account receivables | 0.26% | |
Top Of Range [Member] | ||
Disclosure of subsidiaries [line items] | ||
Discount rate for trade account receivables | 2.81% | |
CCEE [Member] | ||
Disclosure of subsidiaries [line items] | ||
Trade receivables | R$ 119665 |
8 CRC Transferred to the Para_3
8 CRC Transferred to the Parana State Government (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
CRC Transferred To Parana State Government [Abstract] | ||
Changes in CRC, beginning | R$ 1445042 | R$ 1516362 |
Interest | 87,710 | 93,009 |
Monetary variations | 96,519 | 95,788 |
Amortizations | (278,586) | (260,117) |
Changes in CRC, ending | 1,350,685 | 1,445,042 |
Changes in CRC, current | 219,236 | 190,876 |
Changes in CRC, noncurrent | R$ 1131449 | R$ 1254166 |
8 CRC Transferred to the Para_4
8 CRC Transferred to the Parana State Government (Details 1) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
DisclosureOfChangesInCrcLineItems [Line Items] | ||
CRC transferred to the State Government of Parana noncurrent | R$ 1131449 | R$ 1254166 |
2021 [Member] | ||
DisclosureOfChangesInCrcLineItems [Line Items] | ||
CRC transferred to the State Government of Parana noncurrent | 233,817 | |
2022 [Member] | ||
DisclosureOfChangesInCrcLineItems [Line Items] | ||
CRC transferred to the State Government of Parana noncurrent | 249,367 | |
2023 [Member] | ||
DisclosureOfChangesInCrcLineItems [Line Items] | ||
CRC transferred to the State Government of Parana noncurrent | 265,951 | |
2024 [Member] | ||
DisclosureOfChangesInCrcLineItems [Line Items] | ||
CRC transferred to the State Government of Parana noncurrent | 283,638 | |
After 2024 [Member] | ||
DisclosureOfChangesInCrcLineItems [Line Items] | ||
CRC transferred to the State Government of Parana noncurrent | R$ 98676 |
9 Net Sectorial Financial Ass_3
9 Net Sectorial Financial Assets and Liabilities (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | R$ 355570 | R$ 421184 | R$ 171609 |
Sectorial financial assets, noncurrent | 118,419 | 257,635 | 171,609 |
Sectorial financial liabilities, current | 192,819 | ||
Sectorial financial liabilities, noncurrent | (102,284) | (96,531) | R$ 90700 |
Electricity Rate Adjustment Recoverable 2018 [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 163,549 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Adjusting Portion A [Member] | Electricity Purchased For Resale - Cva Energ [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 274,495 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Adjusting Portion A [Member] | Electricity Purchased For Resale - Itaipu [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 278,072 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Adjusting Portion A [Member] | Transport Of Energy Using The Transmission System - Basic Grid [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 28,100 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Adjusting Portion A [Member] | Transport Of Energy Purchased From Itaipu [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 8,312 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Adjusting Portion A [Member] | System Service Charges - ESS [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (240,248) | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Adjusting Portion A [Member] | Energy Development Account - CDE [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 16,434 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Adjusting Portion A [Member] | Proinfa [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 3,007 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Other Financial Components [Member] | Neutrality [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 42,605 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Other Financial Components [Member] | Overcontracting [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (46,972) | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Other Financial Components [Member] | Hydrological Risk [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (175,117) | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Other Financial Components [Member] | Tariff Refunds [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (36,840) | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Other Financial Components [Member] | CVA Angra III Adjustment [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 6,272 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2018 [Member] | Other Financial Components [Member] | Others [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 5,429 | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2019 [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 237,150 | 257,635 | |
Sectorial financial assets, noncurrent | 257,635 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Electricity Purchased For Resale - Cva Energ [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 235,192 | 176,198 | |
Sectorial financial assets, noncurrent | 176,198 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Electricity Purchased For Resale - Itaipu [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 342,647 | 304,086 | |
Sectorial financial assets, noncurrent | 304,086 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Transport Of Energy Using The Transmission System - Basic Grid [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (47,214) | (29,307) | |
Sectorial financial assets, noncurrent | (29,307) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Transport Of Energy Purchased From Itaipu [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 9,937 | 7,469 | |
Sectorial financial assets, noncurrent | 7,469 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | System Service Charges - ESS [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (160,277) | (120,862) | |
Sectorial financial assets, noncurrent | (120,862) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Energy Development Account - CDE [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 98,722 | 71,325 | |
Sectorial financial assets, noncurrent | 71,325 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Proinfa [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 8,528 | (10) | |
Sectorial financial assets, noncurrent | (9) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Neutrality [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 29,690 | 40,212 | |
Sectorial financial assets, noncurrent | 40,212 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Overcontracting [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (116,673) | (95,722) | |
Sectorial financial assets, noncurrent | (95,722) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Hydrological Risk [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (119,416) | (71,958) | |
Sectorial financial assets, noncurrent | (71,958) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Tariff Refunds [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (43,538) | (23,796) | |
Sectorial financial assets, noncurrent | (23,796) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Others [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (448) | ||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Offset Of Energy Surplus/Deficit Under CCEAR Bilateral Contracts [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | |||
Sectorial financial assets, noncurrent | |||
Electricity Rate Adjustment Recoverable 2019 [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 118,420 | ||
Sectorial financial assets, noncurrent | 118,419 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Electricity Purchased For Resale - Cva Energ [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 15,298 | ||
Sectorial financial assets, noncurrent | 15,298 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Electricity Purchased For Resale - Itaipu [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 225,340 | ||
Sectorial financial assets, noncurrent | 225,340 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Transport Of Energy Using The Transmission System - Basic Grid [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 30,126 | ||
Sectorial financial assets, noncurrent | 30,126 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Transport Of Energy Purchased From Itaipu [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 7,227 | ||
Sectorial financial assets, noncurrent | 7,227 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | System Service Charges - ESS [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (52,336) | ||
Sectorial financial assets, noncurrent | (52,336) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Energy Development Account - CDE [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 27,103 | ||
Sectorial financial assets, noncurrent | 27,103 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Adjusting Portion A [Member] | Proinfa [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (30) | ||
Sectorial financial assets, noncurrent | (30) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Neutrality [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 9,408 | ||
Sectorial financial assets, noncurrent | 9,408 | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Overcontracting [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (25,725) | ||
Sectorial financial assets, noncurrent | (25,725) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Hydrological Risk [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (113,872) | ||
Sectorial financial assets, noncurrent | (113,872) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Tariff Refunds [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | (24,215) | ||
Sectorial financial assets, noncurrent | (24,216) | ||
Electricity Rate Adjustment Recoverable 2019 [Member] | Other Financial Components [Member] | Offset Of Energy Surplus/Deficit Under CCEAR Bilateral Contracts [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial assets, current | 20,096 | ||
Sectorial financial assets, noncurrent | 20,096 | ||
Tariff Review 2021 [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial liabilities, current | |||
Sectorial financial liabilities, noncurrent | (102,284) | (96,531) | |
Tariff Review 2021 [Member] | Financial Components [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial liabilities, current | |||
Sectorial financial liabilities, noncurrent | (102,284) | (96,531) | |
Tariff Review 2021 [Member] | Financial Components [Member] | Tariff Refunds [Member] | |||
DisclosureOfNetSectorialFinancialAssetsAndLiabilitiesLineItems [Line Items] | |||
Sectorial financial liabilities, current | |||
Sectorial financial liabilities, noncurrent | R$ 102284 | R$ 96531 |
9 Net Sectorial Financial Ass_4
9 Net Sectorial Financial Assets and Liabilities (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | R$ 582288 | R$ 59699 | |
Operating revenues, constitution | 515,934 | 965,452 | |
Operating revenues, amortization | (490,877) | 19,892 | |
Financial results, updating | 41,625 | 20,219 | |
Rate flags | (277,265) | (482,974) | |
Net sectorial financial assets and liabilities, ending | 371,705 | 582,288 | |
Sectorial financial assets, current | 355,570 | 421,184 | R$ 171609 |
Sectorial financial assets, noncurrent | 118,419 | 257,635 | 171,609 |
Sectorial financial liabilities, current | 192,819 | ||
Sectorial financial liabilities, noncurrent | (102,284) | (96,531) | R$ 90700 |
Adjusting Portion A [Member] | Electricity Purchased For Resale - Itaipu [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | 886,243 | 537,704 | |
Operating revenues, constitution | 533,057 | 661,144 | |
Operating revenues, amortization | (670,501) | (348,586) | |
Financial results, updating | 44,528 | 35,981 | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | 793,327 | 886,243 | |
Adjusting Portion A [Member] | Electricity Purchased For Resale - Cva Energ [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | 626,891 | 497,885 | |
Operating revenues, constitution | 358,200 | 710,482 | |
Operating revenues, amortization | (546,801) | (129,555) | |
Financial results, updating | 29,909 | 31,053 | |
Rate flags | (202,411) | (482,974) | |
Net sectorial financial assets and liabilities, ending | 265,788 | 626,891 | |
Adjusting Portion A [Member] | Transport Of Energy Using The Transmission System - Basic Grid [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | (30,514) | 47,239 | |
Operating revenues, constitution | 22,917 | (36,959) | |
Operating revenues, amortization | 23,688 | (43,101) | |
Financial results, updating | (3,053) | 2,307 | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | 13,038 | (30,514) | |
Adjusting Portion A [Member] | Transport Of Energy Purchased From Itaipu [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | 23,250 | 12,923 | |
Operating revenues, constitution | 19,531 | 21,526 | |
Operating revenues, amortization | (19,692) | (12,194) | |
Financial results, updating | 1,302 | 995 | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | 24,391 | 23,250 | |
Adjusting Portion A [Member] | System Service Charges - ESS [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | (481,972) | (591,408) | |
Operating revenues, constitution | (188,280) | (302,226) | |
Operating revenues, amortization | 427,177 | 443,817 | |
Financial results, updating | (21,874) | (32,155) | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | (264,949) | (481,972) | |
Adjusting Portion A [Member] | Energy Development Account - CDE [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | 159,084 | (141,893) | |
Operating revenues, constitution | 110,752 | 231,308 | |
Operating revenues, amortization | (127,190) | 69,851 | |
Financial results, updating | 10,282 | (182) | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | 152,928 | 159,084 | |
Adjusting Portion A [Member] | Proinfa [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | 2,989 | (5,188) | |
Operating revenues, constitution | 17,396 | 6,111 | |
Operating revenues, amortization | (12,636) | 2,024 | |
Financial results, updating | 719 | 42 | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | 8,468 | 2,989 | |
Other Financial Components [Member] | Neutrality [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | 123,028 | 121,247 | |
Operating revenues, constitution | (1,122) | 100,280 | |
Operating revenues, amortization | (74,698) | (100,661) | |
Financial results, updating | 1,298 | 2,162 | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | 48,506 | 123,028 | |
Other Financial Components [Member] | CVA Angra III Adjustment [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | 6,272 | 48,193 | |
Operating revenues, constitution | 8,482 | ||
Operating revenues, amortization | (6,272) | (57,214) | |
Financial results, updating | 6,811 | ||
Rate flags | |||
Net sectorial financial assets and liabilities, ending | 6,272 | ||
Other Financial Components [Member] | Hydrological Risk [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | (319,033) | (187,928) | |
Operating revenues, constitution | (324,504) | (310,975) | |
Operating revenues, amortization | 304,197 | 189,289 | |
Financial results, updating | (7,820) | (9,419) | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | (347,160) | (319,033) | |
Other Financial Components [Member] | Tariff Refunds [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | (180,963) | (145,774) | |
Operating revenues, constitution | (89,327) | (80,493) | |
Operating revenues, amortization | 83,900 | 52,290 | |
Financial results, updating | (7,863) | (6,986) | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | (194,253) | (180,963) | |
Other Financial Components [Member] | Overcontracting [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | (238,416) | (136,325) | |
Operating revenues, constitution | (22,166) | (54,421) | |
Operating revenues, amortization | 173,087 | (37,176) | |
Financial results, updating | (5,774) | (10,494) | |
Rate flags | (74,854) | ||
Net sectorial financial assets and liabilities, ending | (168,123) | (238,416) | |
Other Financial Components [Member] | Others [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | 5,429 | 3,024 | |
Operating revenues, constitution | (905) | 11,193 | |
Operating revenues, amortization | 294 | (8,892) | |
Financial results, updating | (29) | 104 | |
Rate flags | |||
Net sectorial financial assets and liabilities, ending | (448) | 5,429 | |
Other Financial Components [Member] | Offset of Energy Surplus/Deficit Under CCEAR Bilateral Contracts [Member] | |||
Disclosure of financial assets [line items] | |||
Net sectorial financial assets and liabilities, beginning | 5,237 | ||
Operating revenues, constitution | 80,385 | ||
Operating revenues, amortization | (45,430) | ||
Financial results, updating | |||
Rate flags | |||
Net sectorial financial assets and liabilities, ending | R$ 40192 | R$ 5237 |
9 Net Sectorial Financial Ass_5
9 Net Sectorial Financial Assets and Liabilities (Details Narrative) | 12 Months Ended |
Dec. 31, 2019 | |
Overcontracting [Member] | |
Disclosure of financial assets [line items] | |
Percentage of internal tranfer limit | 105.80% |
10 Accounts Receivables - Con_2
10 Accounts Receivables - Concessions (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Accounts Receivable Concessions [Line Items] | ||
Accounts receivable related to the concession | R$ 2617638 | R$ 2550691 |
Accounts receivable related to the concession, current | 58,842 | 53,177 |
Accounts receivable related to the concession, noncurrent | 2,558,796 | 2,497,514 |
Power Distribution Service Concession [Member] | ||
Accounts Receivable Concessions [Line Items] | ||
Accounts receivable related to the concession | 836,818 | 783,023 |
Piped Gas Distribution Service Concession [Member] | ||
Accounts Receivable Concessions [Line Items] | ||
Accounts receivable related to the concession | 324,385 | 322,259 |
Bonus From The Grant Of Concession Agreements Under The Quota System [Member] | ||
Accounts Receivable Concessions [Line Items] | ||
Accounts receivable related to the concession | 647,984 | 625,772 |
Remeasurement Of RBSE Financial Assets [Member] | ||
Accounts Receivable Concessions [Line Items] | ||
Accounts receivable related to the concession | 739,269 | 753,826 |
Generation Concession Agreements [Member] | ||
Accounts Receivable Concessions [Line Items] | ||
Accounts receivable related to the concession | R$ 69182 | R$ 65811 |
10 Accounts Receivables - Con_3
10 Accounts Receivables - Concessions (Details 1) - Power Distribution Service Concession [Member] - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2020 | Dec. 31, 2019 | ||
Accounts Receivable Concessions [Line Items] | |||
Balance at beginning | R$ 836818 | R$ 783023 | |
Transfers from contract assets | 66,380 | 28,987 | |
Donations and grants received | (1,334) | ||
Transfers from intangible assets | 348 | ||
Transfers to other receivables (assets held for disposal) | (1,578) | ||
Fair value recognition | 35,306 | 26,231 | |
Incorporation | [1] | (75) | |
Loss on disposal | (1,535) | (118) | |
Balance at ending | R$ 783023 | R$ 836818 | |
[1] | Incorporation of assets and equipment through transfer free of charge, of which the amounts were classified in concession related receivables and in intangible assets (Note 18.1). |
10 Accounts Receivables - Con_4
10 Accounts Receivables - Concessions (Details 2) - Piped Gas Distribution Service Concession [Member] - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Accounts Receivable Concessions [Line Items] | ||
Concession agreement - gas distribution, beginning | R$ 322259 | R$ 303668 |
Transfers from contract assets | 16,574 | 6,399 |
Reclassified from intangible assets | (24,835) | |
Fair value recognition | 10,415 | 12,193 |
Loss on disposal | (28) | (1) |
Concession agreement - gas distribution, ending | R$ 324385 | R$ 322259 |
10 Accounts Receivables - Con_5
10 Accounts Receivables - Concessions (Details 3) - Bonus From The Grant Of Concession Agreements Under The Quota System [Member] - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Accounts Receivable Concessions [Line Items] | ||
Bonus from the grant, beginning | R$ 625772 | R$ 606479 |
Transfers to electricity grid use charges - customers | (69,192) | (66,693) |
Interest | 91,404 | 85,986 |
Bonus from the grant, ending | R$ 647984 | R$ 625772 |
10 Accounts Receivables - Con_6
10 Accounts Receivables - Concessions (Details 4) - Remeasurement Of RBSE Financial Assets [Member] - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Accounts Receivable Concessions [Line Items] | ||
Remeasurement of RBSE financial assets, beginning | R$ 753826 | R$ 1418370 |
Gain on remeasurement of the cash flow from the RBSE assets | 90,346 | (635,292) |
Increase in the estimated amount due to the approval of the report on RBSE assets | 82,640 | |
Transfers to electricity grid use charges - customers | (104,902) | (111,892) |
Remeasurement of RBSE financial assets, ending | R$ 739270 | R$ 753826 |
10 Accounts Receivables - Con_7
10 Accounts Receivables - Concessions (Details 5) - Generation Concession Agreements [Member] - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Accounts Receivable Concessions [Line Items] | ||
Power generation concession contract at beginning | R$ 65811 | R$ 68859 |
Gain on remeasurement of the cash flow | 426 | 1,247 |
Reversal of impairment | 2,945 | 4,758 |
Transfers to other current receivables - disposal of assets | (9,053) | |
Power generation concession contract at ending | R$ 69182 | R$ 65811 |
10 Accounts Receivables - Con_8
10 Accounts Receivables - Concessions (Details Narrative) - BRL (R$) R$ in Thousands | Apr. 11, 2017 | Jan. 05, 2016 |
Brazilian Electricity Regulatory Agency (ANEEL) [Member] | ||
Accounts Receivable Concessions [Line Items] | ||
Reduction on RAP cycle | R$ 201795 | |
Concession Agreement [Member] | HPP GPS [Member] | Bonus From The Grant Of Concession Agreements Under The Quota System [Member] | ||
Accounts Receivable Concessions [Line Items] | ||
Concession agreement term | P30Y | |
Bonus paid | R$ 574827 | |
Description of proportion of electric energy sold | 70% of the power in the ACR and 30% in the free environment - ACL. |
11 Contract assets (Details)
11 Contract assets (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract Assets | R$ 4051384 | R$ 3433230 | |
Current | 107,443 | 85,019 | |
Noncurrent | 3,943,941 | 3,348,211 | |
Power Distribution Service Concession [Member] | |||
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract Assets | 844,284 | 640,500 | |
Piped Gas Distribution Service Concession [Member] | |||
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract Assets | 26,734 | 25,718 | |
Power Transmission Concession [Member] | |||
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract Assets | R$ 3180366 | R$ 2767012 |
11 Contract assets (Details 1)
11 Contract assets (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract assets, beginning | R$ 3433230 | ||
Effect of acquisition of control of Costa Oeste and Marumbi | R$ 66775 | ||
Transfers to intangible assets | (26,789) | (28,742) | R$ 42740 |
Loss on disposal | (7,949) | (9,762) | |
Contract assets, ending | 4,051,384 | 3,433,230 | |
Power Distribution Service Concession [Member] | |||
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract assets, beginning | 640,500 | ||
Transfers from intangible assets | 688,346 | ||
Acquisitions | 1,021,644 | 797,832 | |
Provision for legal claims added to the cost of the works | 1,823 | 4,320 | |
Transfers to intangible assets | (678,680) | (668,022) | |
Transfers to accounts receivable related to concession | (28,987) | (66,380) | |
Loss on disposal | (7,949) | (8,832) | |
Contract assets, ending | 844,284 | 640,500 | |
Power Distribution Service Concession [Member] | Special Liabilities [Member] | |||
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract assets, beginning | (24,255) | ||
Transfers from intangible assets | (26,100) | ||
Acquisitions | |||
Customers contributions | (106,764) | ||
Provision for legal claims added to the cost of the works | |||
Transfers to intangible assets | 93,164 | 107,679 | |
Transfers to accounts receivable related to concession | 4,088 | 930 | |
Loss on disposal | |||
Contract assets, ending | (31,070) | (24,255) | |
Power Distribution Service Concession [Member] | Assets [Member] | |||
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract assets, beginning | 664,755 | ||
Transfers from intangible assets | 714,446 | ||
Acquisitions | 1,021,644 | 797,832 | |
Customers contributions | |||
Provision for legal claims added to the cost of the works | 1,823 | 4,320 | |
Transfers to intangible assets | (771,844) | (775,701) | |
Transfers to accounts receivable related to concession | (33,075) | (67,310) | |
Loss on disposal | (7,949) | (8,832) | |
Contract assets, ending | 875,354 | 664,755 | |
Piped Gas Distribution Service Concession [Member] | |||
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract assets, beginning | 25,718 | ||
Transfers from intangible assets | 19,471 | ||
Acquisitions | 17,590 | 15,618 | |
Transfers to intangible assets | (2,042) | ||
Transfers to accounts receivable related to concession | (16,574) | (6,399) | |
Loss on disposal | (930) | ||
Contract assets, ending | 26,734 | 25,718 | |
Power Transmission Concession [Member] | |||
SummaryOfContractAssetsLineItems [Line Items] | |||
Contract assets, beginning | 2,767,012 | ||
Transfers from accounts receivable related to concession | 1,497,399 | ||
Transfers from accounts receivable related to concession - RBSE | 635,292 | ||
Effect of acquisition of control of Costa Oeste and Marumbi | 258,908 | ||
Transfers to electricity grid use charges - customers | (286,158) | (243,247) | |
Transfers to property, plant and equipment | (3,353) | (501) | |
Transfers from litigations | (313) | 8,277 | |
Business combinations effects | 117,942 | ||
Realization of gains/losses in business combinations | 282 | ||
Remuneration | 368,514 | 268,904 | |
Construction revenue | 173,733 | 297,018 | |
Construction income | 42,707 | 44,962 | |
Contract assets, ending | R$ 3180366 | R$ 2767012 |
12 Other Receivables (Details)
12 Other Receivables (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | R$ 1088624 | R$ 592144 | |
Other current receivables | 426,865 | 363,250 | |
Other noncurrent receivables | 661,759 | 228,894 | |
Fair Value Purchase And Sale Of Power In The Active Market [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | 460,635 | ||
Fair Value Purchase And Sale Of Power In The Active Market [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | 14,793 | ||
Services In Progress [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | [1] | 228,593 | 165,973 |
Credits On Sales And Purchases Of Gas [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | 142,941 | 112,003 | |
CDE Transfer [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | 61,898 | 107,472 | |
Advance Payments To Suppliers [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | [2] | 24,073 | 22,096 |
Decommissioning In Progress [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | 21,238 | 19,457 | |
Advance Payments To Employees [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | 20,427 | 21,201 | |
Tariff Flag [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | 19,545 | 28,725 | |
Advance For Severance Estate [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | 15,597 | 19,591 | |
Other Receivables [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Other receivables | R$ 93677 | R$ 80833 | |
[1] | This item refers to services currently in progress within the Company, most of which are related to the Research and Development and Energy Efficiency programs, which upon conclusion are offset against the respective liability recorded for this purpose. | ||
[2] | Advances to suppliers provided on contractual clauses. |
12 Other Receivables (Details N
12 Other Receivables (Details Narrative) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
CDE Transfer [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
CDE Transfer amount (per month) | R$ 62699 | R$ 51200 |
13 Taxes (Details)
13 Taxes (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | R$ 2047358 | R$ 1882616 | |
Noncurrent assets, recognized in income | (48,084) | 132,578 | |
Noncurrent assets, effects of applying new IFRS | 8,474 | ||
Noncurrent assets, business combination effect | 6,237 | 3,696 | |
Noncurrent assets, recognized in other comprehensive income | 63,444 | 19,994 | |
Noncurrent assets, ending | 2,068,955 | 2,047,358 | |
Noncurrent liabilities, beginning | 1,197,717 | ||
Noncurrent liabilities, recognized in income | 154,064 | 1,123,754 | |
Noncurrent liabilities, effects of applying new IFRS | 64,506 | ||
Noncurrent liabilities, business combination effect | (1,026) | ||
Noncurrent liabilities, recognized in other comprehensive income | 9,457 | ||
Noncurrent liabilities, ending | 1,350,755 | 1,197,717 | |
Net | 849,641 | 758,862 | |
Total, recognized in income | (202,148) | 68,072 | |
Total, effects of applying new IFRS | 8,474 | ||
Total, business combination effect | 7,263 | (5,761) | |
Total, recognized in other comprehensive income | 63,444 | 19,994 | |
Total | 718,200 | 849,641 | |
Assets presented in the Statement of Financial Position | 1,011,866 | 1,007,061 | R$ 915492 |
Liabilities presented in the Statement of Financial Position | 293,666 | 157,420 | R$ 156630 |
Provisions for Legal Claims [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 573,177 | 514,358 | |
Noncurrent assets, recognized in income | (62,044) | 55,123 | |
Noncurrent assets, business combination effect | 6,237 | 3,696 | |
Noncurrent assets, ending | 517,370 | 573,177 | |
Post Employment Benefits [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 328,685 | 293,611 | |
Noncurrent assets, recognized in income | 13,285 | 15,080 | |
Noncurrent assets, recognized in other comprehensive income | 63,444 | 19,994 | |
Noncurrent assets, ending | 405,414 | 328,685 | |
Impairment of Assets [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 328,011 | 310,561 | |
Noncurrent assets, recognized in income | 57,456 | 17,450 | |
Noncurrent assets, ending | 385,467 | 328,011 | |
Provision for Energy Purchases [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 154,491 | 156,325 | |
Noncurrent assets, recognized in income | 10,840 | (1,834) | |
Noncurrent assets, ending | 165,331 | 154,491 | |
Expected Credit Losses [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 114,010 | 113,380 | |
Noncurrent assets, recognized in income | 17,811 | (6,838) | |
Noncurrent assets, effects of applying new IFRS | 7,468 | ||
Noncurrent assets, ending | 131,821 | 114,010 | |
Tax Losses and Negative Tax Basis [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 71,140 | 110,658 | |
Noncurrent assets, recognized in income | 27,102 | (39,518) | |
Noncurrent assets, ending | 98,242 | 71,140 | |
Social Security Contributions - Injunction on Judicial Deposit [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 67,010 | 60,856 | |
Noncurrent assets, recognized in income | 4,190 | 6,154 | |
Noncurrent assets, ending | 71,200 | 67,010 | |
Concession Contracts [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 53,339 | 48,722 | |
Noncurrent assets, recognized in income | 5,005 | 4,617 | |
Noncurrent assets, ending | 58,344 | 53,339 | |
Noncurrent liabilities, beginning | 613,658 | ||
Noncurrent liabilities, recognized in income | 99,817 | ||
Noncurrent liabilities, business combination effect | (1,026) | ||
Noncurrent liabilities, ending | 712,449 | 613,658 | |
Provision for Profit Sharing [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 30,548 | 22,270 | |
Noncurrent assets, recognized in income | 21,567 | 8,278 | |
Noncurrent assets, ending | 52,115 | 30,548 | |
Concession Contracts [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 23,606 | 24,906 | |
Noncurrent assets, recognized in income | (1,253) | (1,300) | |
Noncurrent assets, ending | 22,353 | 23,606 | |
Noncurrent liabilities, beginning | 535,726 | ||
Noncurrent liabilities, recognized in income | 68,475 | ||
Noncurrent liabilities, business combination effect | 9,457 | ||
Research and Development and Energy Efficiency Programs [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 155,570 | 129,877 | |
Noncurrent assets, recognized in income | (137,531) | 25,693 | |
Noncurrent assets, ending | 18,039 | 155,570 | |
Others [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 97,092 | ||
Noncurrent assets, recognized in income | 49,673 | ||
Noncurrent assets, effects of applying new IFRS | 1,006 | ||
Noncurrent liabilities, beginning | 34,877 | ||
Noncurrent liabilities, recognized in income | 851 | ||
Deemed Cost [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent liabilities, beginning | 415,325 | 449,884 | |
Noncurrent liabilities, recognized in income | (34,116) | (34,559) | |
Noncurrent liabilities, ending | 381,209 | 415,325 | |
Financial Instruments [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent liabilities, beginning | 5,030 | ||
Noncurrent liabilities, recognized in income | 65,915 | 5,030 | |
Noncurrent liabilities, ending | 70,945 | 5,030 | |
Escrow Deposits Monetary Variation [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent liabilities, beginning | 64,167 | 55,328 | |
Noncurrent liabilities, recognized in income | (3,022) | 8,839 | |
Noncurrent liabilities, ending | 61,145 | 64,167 | |
Accelerated Depreciation [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent liabilities, beginning | 32,682 | 26,401 | |
Noncurrent liabilities, recognized in income | 17,640 | 6,281 | |
Noncurrent liabilities, ending | 50,322 | 32,682 | |
Transaction Cost On Borrowings and Debentures [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent liabilities, beginning | 31,127 | 21,538 | |
Noncurrent liabilities, recognized in income | 981 | 9,589 | |
Noncurrent liabilities, ending | 32,108 | 31,127 | |
Other [Member] | |||
DisclosureOfChangesInDeferredIncomeTaxAndSocialContributionLineItems [Line Items] | |||
Noncurrent assets, beginning | 147,771 | ||
Noncurrent assets, recognized in income | (4,512) | ||
Noncurrent assets, ending | 143,259 | 147,771 | |
Noncurrent liabilities, beginning | 35,728 | ||
Noncurrent liabilities, recognized in income | 6,849 | ||
Noncurrent liabilities, ending | R$ 42577 | R$ 35728 |
13 Taxes (Details 1)
13 Taxes (Details 1) R$ in Thousands | Dec. 31, 2019BRL (R$) |
TaxesLineItems [Line Items] | |
Assets | R$ 2068955 |
Liabilities | (1,350,755) |
Less Than 1 Year [Member] | |
TaxesLineItems [Line Items] | |
Assets | 329,177 |
Liabilities | (96,763) |
2021 [Member] | |
TaxesLineItems [Line Items] | |
Assets | 258,853 |
Liabilities | (98,388) |
2022 [Member] | |
TaxesLineItems [Line Items] | |
Assets | 143,599 |
Liabilities | (91,131) |
2023 [Member] | |
TaxesLineItems [Line Items] | |
Assets | 136,665 |
Liabilities | (102,510) |
2024 [Member] | |
TaxesLineItems [Line Items] | |
Assets | 84,208 |
Liabilities | (80,290) |
2025 to 2027 [Member] | |
TaxesLineItems [Line Items] | |
Assets | 158,702 |
Liabilities | (209,525) |
2028 to 2029 [Member] | |
TaxesLineItems [Line Items] | |
Assets | 957,751 |
Liabilities | R$ 672148 |
13 Taxes (Details 2)
13 Taxes (Details 2) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
TaxesLineItems [Line Items] | |||
Other current taxes recoverable | R$ 205060 | R$ 160842 | |
Other noncurrent taxes recoverable | 322,011 | 231,400 | |
Other current tax obligations | 501,068 | 451,433 | |
Other noncurrent tax obligations | 662,114 | 796,732 | |
Recoverable ICMS (VAT) [Member] | |||
TaxesLineItems [Line Items] | |||
Other current taxes recoverable | 103,977 | 96,072 | |
Other noncurrent taxes recoverable | 74,568 | 50,306 | |
Other current tax obligations | 179,662 | 185,634 | |
Recoverable PIS/Pasep and Cofins Taxes [Member] | |||
TaxesLineItems [Line Items] | |||
Other current taxes recoverable | 98,942 | 64,200 | |
Other noncurrent taxes recoverable | 213,667 | 147,380 | |
Other Recoverable Taxes [Member] | |||
TaxesLineItems [Line Items] | |||
Other current taxes recoverable | 2,141 | 570 | |
Other noncurrent taxes recoverable | 33,776 | 33,714 | |
PIS/Pasep and Cofins Payable [Member] | |||
TaxesLineItems [Line Items] | |||
Other current taxes recoverable | 98,942 | ||
Other noncurrent taxes recoverable | 213,667 | ||
Other current tax obligations | 115,345 | ||
IRRF on JSCP [Member] | |||
TaxesLineItems [Line Items] | |||
Other current tax obligations | 117,807 | 23,687 | |
TCFRH [Member] | |||
TaxesLineItems [Line Items] | |||
Other noncurrent tax obligations | 101,821 | ||
Social Security Contributions - Injunction on Judicial Deposit [Member] | |||
TaxesLineItems [Line Items] | |||
Other noncurrent tax obligations | 209,747 | 197,413 | |
Special Tax Regularization Program - Pert [Member] | |||
TaxesLineItems [Line Items] | |||
Other current tax obligations | 49,310 | 46,777 | |
Other noncurrent tax obligations | 447,897 | 471,665 | |
Other Taxes [Member] | |||
TaxesLineItems [Line Items] | |||
Other current tax obligations | 11,029 | 15,016 | |
Other noncurrent tax obligations | [1] | 4,470 | 4,175 |
Ordinary Financing of Taxes With The Federal Tax Authorities [Member] | |||
TaxesLineItems [Line Items] | |||
Other current tax obligations | 18,063 | 64,974 | |
Other noncurrent tax obligations | R$ 21658 | ||
[1] | Control, Monitoring and Inspection Fee for Exploration Activities and the Use of Water Resources - as a result of the repeal of the law that instituted the referred fee, the Company, based on the opinion of its legal advisors, concluded that the conditions to maintain the provision were not satisfied and reversed the balance, so that R$ 97,664 was recorded in the operating result (Note 33.6) and R$ 4,157 in the financial result. |
13 Taxes (Details 3)
13 Taxes (Details 3) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Taxes Abstract | |||
Income before IRPJ and CSLL | R$ 2702195 | R$ 1955997 | R$ 1392941 |
IRPJ and CSLL (34%) | (918,746) | (665,039) | (473,600) |
Tax effects on: | |||
Equity in income | 36,297 | 46,203 | 36,555 |
Interest on own capital | 222,848 | 98,917 | 90,440 |
Dividends | 192 | 280 | 497 |
Non deductible expenses | (16,571) | (9,322) | (26,292) |
Tax incentives | 17,804 | 16,465 | 14,973 |
Unrecognized income and social contribution tax loss carry-forwards | (48,892) | (15,383) | (5,645) |
Setting up and/or offset of income tax and social contribution losses of prior years | 5,037 | 90,804 | |
Difference between the calculation bases of deemed profit and taxable profit | 72,175 | 11,076 | (19,680) |
Others | (4,433) | (227) | 17,262 |
Current IRPJ and CSLL | (433,555) | (580,065) | (379,943) |
Deferred IRPJ and CSLL | R$ 205771 | R$ 68072 | R$ 105257 |
Effective rate - % | 23.70% | 26.20% | 19.70% |
13 Taxes (Details Narrative)
13 Taxes (Details Narrative) R$ in Thousands | Jan. 02, 2019BRL (R$) | Dec. 31, 2019BRL (R$)Installment | Dec. 31, 2018BRL (R$) |
Disclosure of assets and liabilities with significant risk of material adjustment [line items] | |||
Applicable tax rate | 15.00% | ||
Applicable tax rate with surtax | 10.00% | ||
Minimum amount for income tax | R$ 240 | ||
Percentage for social contribution | 9.00% | ||
Percentage of offset against future taxable profits | 30.00% | ||
Unrecognized tax credits | R$ 83273 | R$ 34567 | |
Percentage of CVA tax regime | 20.00% | ||
Monthly installment of CVA tax regime | Installment | 145 | ||
Amount of CVA tax regime | R$ 572 | ||
Operating revenue | R$ 16255066 | R$ 105184 | |
Operating income | 97,664 | ||
Financial income | 4,157 | ||
Recoverable PIS/Pasep and Cofins Taxes [Member] | |||
Disclosure of assets and liabilities with significant risk of material adjustment [line items] | |||
Financial income | 38,434 | ||
Amount of tax recoverable | 143,618 | ||
Special Regime For Tax Regularization [Member] | |||
Disclosure of assets and liabilities with significant risk of material adjustment [line items] | |||
Amount of CVA tax regime | R$ 3572 |
14 Prepaid Expenses (Details)
14 Prepaid Expenses (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of fair value measurement of assets [line items] | ||
Prepaid expenses | R$ 33695 | R$ 44109 |
Prepaid expenses, current | 33,563 | 40,819 |
Prepaid expenses, noncurrent | 132 | 3,290 |
Risk Premium - GSF Renegotiation [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Prepaid expenses | 3,180 | 12,574 |
Others [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Prepaid expenses | R$ 30515 | R$ 31535 |
14 Prepaid Expenses (Details 1)
14 Prepaid Expenses (Details 1) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019BRL (R$)MW | Dec. 31, 2018BRL (R$) | Dec. 31, 2017BRL (R$) | |
Disclosure of fair value measurement of assets [line items] | |||
Asset value to recover as renegotiation of GSF | R$ 34847 | R$ 51281 | R$ 73778 |
Hydrological Risk [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Eligible amount of energy (Average MW) | MW | 458.419 | ||
Asset value to recover as renegotiation of GSF | R$ 134620 | ||
Value of prepaid expenses to amortize with future risk premium | 76,171 | ||
Value of intangible assets amortization over the concession period | R$ 58449 | ||
Maua [Member] | Hydrological Risk [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Physical guarantee (Average MW) | MW | 100.827 | ||
Eligible amount of energy (Average MW) | MW | 97.391 | ||
Amortization period of prepaid expenses | 01.01.2016 to 06.30.2020 | ||
Grant extension period (intangible asset) | not applicable | ||
Asset value to recover as renegotiation of GSF | R$ 28623 | ||
Value of prepaid expenses to amortize with future risk premium | R$ 28623 | ||
Foz Do Areia [Member] | Hydrological Risk [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Physical guarantee (Average MW) | MW | 576 | ||
Eligible amount of energy (Average MW) | MW | 226.705 | ||
Amortization period of prepaid expenses | 01.01.2016 to 12.31.2016 | ||
Grant extension period (intangible asset) | 05.24.2023 to 09.17.2023 | ||
Asset value to recover as renegotiation of GSF | R$ 66628 | ||
Value of prepaid expenses to amortize with future risk premium | 17,222 | ||
Value of intangible assets amortization over the concession period | R$ 49406 | ||
Santa Clara and Fundoa [Member] | Hydrological Risk [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Physical guarantee (Average MW) | MW | 135.400 | ||
Eligible amount of energy (Average MW) | MW | 134.323 | ||
Amortization period of prepaid expenses | 01.01.2016 to 04.22.2019 | ||
Grant extension period (intangible asset) | 10.25.2036 to 05.28.2037 | ||
Asset value to recover as renegotiation of GSF | R$ 39369 | ||
Value of prepaid expenses to amortize with future risk premium | 30,326 | ||
Value of intangible assets amortization over the concession period | R$ 9043 |
14 Prepaid Expenses (Details 2)
14 Prepaid Expenses (Details 2) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of fair value measurement of assets [line items] | |||
Asset value to recover as renegotiation of GSF, beginning | R$ 51281 | R$ 73778 | |
Amortization | (16,434) | (22,497) | |
Asset value to recover as renegotiation of GSF, ending | 34,847 | 51,281 | |
Risk premium to be amortized - prepaid expenses | 3,180 | 12,574 | R$ 28033 |
Grant extension period - intangible | 31,667 | 38,707 | R$ 45745 |
Risk Premium - Current Asset [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Asset value to recover as renegotiation of GSF, beginning | 9,394 | 15,459 | |
Amortization | (9,394) | (15,459) | |
Transfers | 3,180 | 9,394 | |
Asset value to recover as renegotiation of GSF, ending | 3,180 | 9,394 | |
Risk Premium Noncurrent Asset [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Asset value to recover as renegotiation of GSF, beginning | 3,180 | 12,574 | |
Transfers | (3,180) | (9,394) | |
Asset value to recover as renegotiation of GSF, ending | 3,180 | ||
Intangible [Member] | |||
Disclosure of fair value measurement of assets [line items] | |||
Asset value to recover as renegotiation of GSF, beginning | 38,707 | 45,745 | |
Amortization | (7,040) | (7,038) | |
Asset value to recover as renegotiation of GSF, ending | R$ 31667 | R$ 38707 |
14 Prepaid Expenses (Details Na
14 Prepaid Expenses (Details Narrative) | 12 Months Ended |
Dec. 31, 2019MW | |
Disclosure Of Prepaid Expenses Abstract | |
Per average electricity | 33.55 |
15 Judicial Deposits (Details)
15 Judicial Deposits (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of fair value measurement of assets [line items] | ||
Judicial deposits | R$ 504190 | R$ 528290 |
Civil [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Judicial deposits | 60,233 | 68,625 |
Civil [Member] | Customers [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Judicial deposits | 1,897 | 1,861 |
Civil [Member] | Easements [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Judicial deposits | 5,076 | 3,280 |
Civil [Member] | Civil [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Judicial deposits | 53,260 | 63,484 |
Others [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Judicial deposits | 7,368 | 5,334 |
Taxes Claims [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Judicial deposits | 351,402 | 369,423 |
Labor Claims [Member] | ||
Disclosure of fair value measurement of assets [line items] | ||
Judicial deposits | R$ 85187 | R$ 84908 |
16 Investments (Details)
16 Investments (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | |||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | R$ 2368234 | R$ 2570643 | [1] | |
Equity | 106,757 | 135,888 | ||
Investment/advance for future capital increase | 267,471 | 87,781 | ||
Capital decrease | (35,035) | (35,280) | ||
Amortization | (372) | (373) | ||
Proposed dividends and JCP | (49,613) | (46,715) | ||
Transfers | (134,263) | |||
Effects of applying new IFRS | (148,748) | |||
Other | [2] | (194,962) | ||
Investments, ending | 2,523,179 | 2,368,234 | ||
Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 48,928 | 54,918 | ||
Equity | 24,414 | 23,165 | ||
Investment/advance for future capital increase | 123 | 9 | ||
Capital decrease | (735) | |||
Amortization | ||||
Proposed dividends and JCP | (21,731) | (28,737) | ||
Transfers | ||||
Effects of applying new IFRS | ||||
Other | [2] | (427) | ||
Investments, ending | 50,999 | 48,928 | ||
Investment Property [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 1,342 | 1,362 | ||
Equity | ||||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | (5) | |||
Proposed dividends and JCP | ||||
Effects of applying new IFRS | ||||
Other | [2] | (15) | ||
Investments, ending | 1,342 | |||
Other investments [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 1,342 | 1,362 | ||
Equity | ||||
Investment/advance for future capital increase | 142 | |||
Capital decrease | ||||
Amortization | (5) | |||
Proposed dividends and JCP | ||||
Transfers | (524) | |||
Effects of applying new IFRS | ||||
Other | [2] | |||
Investments, ending | 813 | 1,342 | ||
Advance for Future Capital Future Capital Increase [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 142 | |||
Equity | 133,597 | |||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | ||||
Transfers | (133,739) | |||
Investments, ending | 142 | |||
Dona Francisca Energetica [Member] | Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 29,144 | 29,821 | ||
Equity | 9,853 | 9,989 | ||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | (10,574) | (10,666) | ||
Transfers | ||||
Effects of applying new IFRS | ||||
Other | [2] | |||
Investments, ending | 28,423 | 29,144 | ||
Foz Do Chopim Energetica [Member] | Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 8,227 | 13,084 | ||
Equity | 13,924 | 13,214 | ||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | (9,976) | (18,071) | ||
Transfers | ||||
Effects of applying new IFRS | ||||
Other | [2] | |||
Investments, ending | 12,175 | 8,227 | ||
Domino Holdings [Member] | Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 2,442 | 2,457 | ||
Equity | (280) | (15) | ||
Investment/advance for future capital increase | ||||
Capital decrease | (735) | |||
Amortization | ||||
Proposed dividends and JCP | (1,181) | |||
Transfers | ||||
Effects of applying new IFRS | ||||
Other | [2] | |||
Investments, ending | 246 | 2,442 | ||
Others [Member] | Associates [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 9,115 | 9,556 | ||
Equity | 917 | (23) | ||
Investment/advance for future capital increase | 123 | 9 | ||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | ||||
Transfers | ||||
Effects of applying new IFRS | ||||
Other | [2] | (427) | ||
Investments, ending | 10,155 | 9,115 | ||
Joint Ventures [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 2,317,822 | 2,514,363 | ||
Equity | 82,343 | 112,723 | ||
Investment/advance for future capital increase | 133,751 | 87,630 | ||
Capital decrease | (34,300) | (35,280) | ||
Amortization | (367) | (368) | ||
Proposed dividends and JCP | (27,882) | (17,978) | ||
Transfers | ||||
Effects of applying new IFRS | (148,748) | |||
Other | [2] | (194,520) | ||
Investments, ending | 2,471,367 | 2,317,822 | ||
Joint Ventures [Member] | Voltalia Sao Miguel Do Gostoso I [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 110,568 | 74,998 | ||
Equity | (3,409) | (3,964) | ||
Investment/advance for future capital increase | 2,940 | 39,534 | ||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | ||||
Transfers | ||||
Effects of applying new IFRS | ||||
Other | [2] | |||
Investments, ending | 110,099 | 110,568 | ||
Joint Ventures [Member] | Voltalia Sao Miguel Do Gostoso - Authorization Rights [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 10,773 | |||
Equity | ||||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | (368) | |||
Proposed dividends and JCP | ||||
Effects of applying new IFRS | ||||
Other | [2] | |||
Joint Ventures [Member] | Parana Gas [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 3 | |||
Equity | (3) | |||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | ||||
Effects of applying new IFRS | ||||
Other | [2] | |||
Joint Ventures [Member] | Costa Oeste [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 33,646 | |||
Equity | 3,041 | |||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | ||||
Effects of applying new IFRS | ||||
Other | [2] | (36,687) | ||
Joint Ventures [Member] | Marumbi [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 85,341 | |||
Equity | 6,971 | |||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | ||||
Effects of applying new IFRS | ||||
Other | [2] | (92,312) | ||
Joint Ventures [Member] | Transmissora Sul Brasileira [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 64,360 | |||
Equity | 1,161 | |||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | ||||
Effects of applying new IFRS | ||||
Other | [2] | (65,521) | ||
Joint Ventures [Member] | Caiua [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 74,639 | 56,037 | ||
Equity | 4,800 | 5,034 | ||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | (1,127) | (1,324) | ||
Transfers | ||||
Effects of applying new IFRS | 14,892 | |||
Other | [2] | |||
Investments, ending | 78,312 | 74,639 | ||
Joint Ventures [Member] | Integracao Maranhense [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 129,684 | 113,401 | ||
Equity | 11,316 | 9,238 | ||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | (2,284) | (2,022) | ||
Transfers | ||||
Effects of applying new IFRS | 9,067 | |||
Other | [2] | |||
Investments, ending | 138,716 | 129,684 | ||
Joint Ventures [Member] | Matrincha [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 673,216 | 835,819 | ||
Equity | 48,634 | 50,411 | ||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | (10,323) | (9,131) | ||
Transfers | ||||
Effects of applying new IFRS | (203,883) | |||
Other | [2] | |||
Investments, ending | 711,527 | 673,216 | ||
Joint Ventures [Member] | Guaraciaba [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 356,941 | 418,320 | ||
Equity | 18,312 | 35,321 | ||
Investment/advance for future capital increase | ||||
Capital decrease | (34,300) | |||
Amortization | ||||
Proposed dividends and JCP | (3,876) | (4,328) | ||
Transfers | ||||
Effects of applying new IFRS | (92,372) | |||
Other | [2] | |||
Investments, ending | 337,077 | 356,941 | ||
Joint Ventures [Member] | Paranaiba [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 160,584 | 162,273 | ||
Equity | 16,375 | (16,510) | ||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | (2,986) | (2,976) | ||
Transfers | ||||
Effects of applying new IFRS | 17,797 | |||
Other | [2] | |||
Investments, ending | 173,973 | 160,584 | ||
Joint Ventures [Member] | Mata de Santa Genebra [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 484,262 | 459,374 | ||
Equity | (41,716) | (2,541) | ||
Investment/advance for future capital increase | 130,811 | 48,096 | ||
Capital decrease | ||||
Amortization | ||||
Proposed dividends and JCP | 3,264 | |||
Transfers | ||||
Effects of applying new IFRS | (23,931) | |||
Other | [2] | |||
Investments, ending | 573,357 | 484,262 | ||
Joint Ventures [Member] | Cantareira [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 200,018 | |||
Equity | 24,564 | |||
Investment/advance for future capital increase | ||||
Capital decrease | (35,280) | |||
Amortization | ||||
Proposed dividends and JCP | (1,461) | |||
Effects of applying new IFRS | 129,682 | |||
Other | [2] | |||
Joint Ventures [Member] | Voltalia Sao Miguel Do Gostoso - Direito De Autorizacao [Member] | ||||
DisclosureOfInvestmentsLineItems [Line Items] | ||||
Investments, beginning | 10,405 | |||
Equity | ||||
Investment/advance for future capital increase | ||||
Capital decrease | ||||
Amortization | (367) | |||
Proposed dividends and JCP | ||||
Transfers | ||||
Investments, ending | R$ 10038 | R$ 10405 | ||
[1] | As of December 31, 2017, the joint ventures operating in the transmission segment had their electricity transmission concession agreements classified as financial assets within the scope of IAS 39 and IFRIC 12. With the entry into force on January 1, 2018 of IFRS 15, bringing the concept of the right to receive the infrastructure investments conditioned to the fulfillment of performance obligations to operate and maintain the infrastructure and not only by the passage of time, the electricity transmission concession agreements started being classified as contract assets. As a result, the balance of the financial assets of the joint ventures started being classified on January 1, 2018 as contract assets in accordance with the Company's practices, with a reduction in its measurement in the amount of R$148,748 with effect in the Company in the caption Investments, by equity. At the transition, the Company and its joint ventures opted to adopt the standard on the date of initial application as an adjustment to the opening balance, in equity account, considering only agreements outstanding prior to the date of application, as set forth in IFRS 15. | |||
[2] | Of the total, the amounts of R$ 36,687 and R$ 92,312 refers to investments that are now subsidiaries; R$ 65,521 refers to investment written off; R$ 427 from the sale of the associated company Dois Saltos Empreendimentos de Gerao de Energia Eltrica Ltda ; and R$ 15 refers to the transfer to Other receivables. |
16 Investments (Details 1)
16 Investments (Details 1) - BRL (R$) R$ in Thousands | Jan. 02, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of subsidiaries [line items] | |||||
ASSETS | R$ 38312550 | R$ 35930100 | |||
Current assets | 7,909,196 | 6,677,846 | |||
Noncurrent assets | 30,403,354 | 29,252,254 | |||
Current liabilities | 5,345,621 | 6,695,114 | |||
Noncurrent liabilities | 15,368,717 | 12,898,772 | |||
Equity | 17,598,212 | 16,336,214 | R$ 15510503 | R$ 14978142 | |
STATEMENT OF INCOME | |||||
Operating revenues | 16,244,274 | 14,934,780 | 14,024,573 | ||
Operating costs and expenses | (11,760,176) | (11,501,688) | (10,665,890) | ||
Financial results | (488,486) | (438,050) | (748,440) | ||
Equity in earnings of investees | 106,757 | 135,888 | 101,739 | ||
Income tax and social contribution | 639,326 | 511,993 | 274,686 | ||
Net income (loss) | R$ 2070551 | 2,062,869 | 1,444,004 | 1,118,255 | |
Total comprehensive income | 1,939,685 | 1,405,644 | 1,086,917 | ||
STATEMENTS OF CASH FLOWS | |||||
Cash flows from operational activities | 2,945,006 | 1,770,971 | 989,206 | ||
Cash flows from investment activities | (1,663,651) | (2,149,153) | (1,581,173) | ||
Cash flows from financing activities | (288,037) | 1,286,516 | 649,969 | ||
TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | 993,318 | 908,334 | 58,002 | ||
Cash and cash equivalents at the beginning of the period | 1,948,409 | 1,948,409 | 1,040,075 | 982,073 | |
Cash and cash equivalents at the end of the period | 2,941,727 | 1,948,409 | 1,040,075 | ||
CHANGE IN CASH AND CASH EQUIVALENTS | 993,318 | 908,334 | 58,002 | ||
Compagas [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
ASSETS | 904,993 | 675,286 | 632,910 | ||
Current assets | 313,896 | 204,725 | 151,966 | ||
Noncurrent assets | 591,097 | 470,561 | 480,944 | ||
LIABILITIES | 904,993 | 675,286 | 632,910 | ||
Current liabilities | 236,190 | 133,769 | 147,743 | ||
Noncurrent liabilities | 110,475 | 106,900 | 87,409 | ||
Equity | 558,328 | 434,617 | 397,758 | ||
STATEMENT OF INCOME | |||||
Operating revenues | 866,884 | 588,532 | 515,563 | ||
Operating costs and expenses | (662,306) | (515,594) | (309,213) | ||
Financial results | 43,186 | (2,411) | (25,612) | ||
Equity in earnings of investees | |||||
Income tax and social contribution | (74,791) | (10,909) | (66,785) | ||
Net income (loss) | 172,973 | 59,618 | 113,953 | ||
Other comprehensive income | (1,277) | 187 | (251) | ||
Total comprehensive income | 171,696 | 59,805 | 113,702 | ||
STATEMENTS OF CASH FLOWS | |||||
Cash flows from operational activities | 54,760 | 66,017 | 83,661 | ||
Cash flows from investment activities | (17,531) | (15,961) | (14,268) | ||
Cash flows from financing activities | 14,312 | (43,980) | (20,623) | ||
TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | 51,541 | 6,076 | 48,770 | ||
Cash and cash equivalents at the beginning of the period | 90,155 | 90,155 | 84,079 | 35,309 | |
Cash and cash equivalents at the end of the period | 141,696 | 90,155 | 84,079 | ||
CHANGE IN CASH AND CASH EQUIVALENTS | 51,541 | 6,076 | 48,770 | ||
Elejor [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
ASSETS | 652,175 | 675,450 | |||
Current assets | 80,990 | 77,216 | |||
Noncurrent assets | 571,185 | 598,234 | |||
LIABILITIES | 652,175 | 675,450 | |||
Current liabilities | 124,880 | 164,574 | |||
Noncurrent liabilities | 473,318 | 449,149 | |||
Equity | 53,977 | 61,727 | |||
STATEMENT OF INCOME | |||||
Operating revenues | 218,421 | 293,942 | 291,597 | ||
Operating costs and expenses | (86,237) | (89,931) | (93,230) | ||
Financial results | (92,728) | (89,301) | (54,254) | ||
Equity in earnings of investees | |||||
Income tax and social contribution | (13,331) | (38,379) | (47,893) | ||
Net income (loss) | 26,125 | 76,331 | 96,220 | ||
Other comprehensive income | |||||
Total comprehensive income | 26,125 | 76,331 | 96,220 | ||
STATEMENTS OF CASH FLOWS | |||||
Cash flows from operational activities | 51,839 | 127,108 | 143,911 | ||
Cash flows from investment activities | (314) | (2,659) | (1,461) | ||
Cash flows from financing activities | (56,533) | (119,468) | (143,028) | ||
TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | (5,008) | 4,981 | (578) | ||
Cash and cash equivalents at the beginning of the period | 42,886 | 42,886 | 37,905 | 38,483 | |
Cash and cash equivalents at the end of the period | 37,878 | 42,886 | 37,905 | ||
CHANGE IN CASH AND CASH EQUIVALENTS | (5,008) | 4,981 | (578) | ||
UEG Araucaria [Member] | |||||
Disclosure of subsidiaries [line items] | |||||
ASSETS | 436,137 | 507,060 | |||
Current assets | 33,573 | 99,101 | |||
Noncurrent assets | 402,564 | 407,959 | |||
LIABILITIES | 436,137 | 507,060 | |||
Current liabilities | 42,185 | 38,386 | |||
Noncurrent liabilities | 23,290 | 22,470 | |||
Equity | 370,662 | 446,204 | |||
STATEMENT OF INCOME | |||||
Operating revenues | 52,216 | 524 | 129,084 | ||
Operating costs and expenses | (131,596) | (94,970) | (121,883) | ||
Financial results | 832 | 2,275 | 5,302 | ||
Equity in earnings of investees | 916 | (5,777) | |||
Income tax and social contribution | (22,703) | 16,316 | (7,098) | ||
Net income (loss) | (100,335) | (75,855) | (372) | ||
Other comprehensive income | 132 | ||||
Total comprehensive income | (100,203) | (75,855) | (372) | ||
STATEMENTS OF CASH FLOWS | |||||
Cash flows from operational activities | (57,585) | (26,980) | (86,840) | ||
Cash flows from investment activities | (1,945) | (2,768) | 118,460 | ||
Cash flows from financing activities | 45,133 | ||||
TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | (14,397) | (29,748) | 31,620 | ||
Cash and cash equivalents at the beginning of the period | R$ 21516 | 21,516 | 51,264 | 19,644 | |
Cash and cash equivalents at the end of the period | 7,119 | 21,516 | 51,264 | ||
CHANGE IN CASH AND CASH EQUIVALENTS | R$ 14397 | R$ 29748 | R$ 31620 |
16 Investments (Details 2)
16 Investments (Details 2) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Equity Attributable To Non-Controlling Shareholders [Roll Forward] | |||
Equity attributable to non-controlling shareholders, beginning | R$ 303289 | R$ 302661 | R$ 260044 |
Net income (loss) | 72,923 | 36,941 | 84,629 |
Other comprehensive income | (601) | 154 | (123) |
Deliberation of additional dividends proposed | (3,335) | (11,053) | |
Dividends | 31,352 | (36,467) | (30,836) |
Gain with interest variation in Subsidiary | 4,874 | ||
Equity attributable to non-controlling shareholders, ending | 345,798 | 303,289 | 302,661 |
Compagas [Member] | |||
Equity Attributable To Non-Controlling Shareholders [Roll Forward] | |||
Equity attributable to non-controlling shareholders, beginning | 212,962 | 194,901 | 146,818 |
Net income (loss) | 84,758 | 29,213 | 55,837 |
Other comprehensive income | (626) | 91 | (123) |
Deliberation of additional dividends proposed | |||
Dividends | (23,514) | (11,243) | (7,631) |
Gain with interest variation in Subsidiary | |||
Equity attributable to non-controlling shareholders, ending | 273,580 | 212,962 | 194,901 |
Elejor [Member] | |||
Equity Attributable To Non-Controlling Shareholders [Roll Forward] | |||
Equity attributable to non-controlling shareholders, beginning | 16,193 | 18,518 | 23,910 |
Net income (loss) | 7,838 | 22,899 | 28,866 |
Other comprehensive income | |||
Deliberation of additional dividends proposed | (3,335) | (11,053) | |
Dividends | 7,838 | (25,224) | (23,205) |
Gain with interest variation in Subsidiary | |||
Equity attributable to non-controlling shareholders, ending | 12,858 | 16,193 | 18,518 |
UEG Araucaria [Member] | |||
Equity Attributable To Non-Controlling Shareholders [Roll Forward] | |||
Equity attributable to non-controlling shareholders, beginning | 74,134 | 89,242 | 89,316 |
Net income (loss) | (19,673) | (15,171) | (74) |
Other comprehensive income | 25 | 63 | |
Deliberation of additional dividends proposed | |||
Dividends | |||
Gain with interest variation in Subsidiary | 4,874 | ||
Equity attributable to non-controlling shareholders, ending | R$ 59360 | R$ 74134 | R$ 89242 |
16 Investments (Details 3)
16 Investments (Details 3) - BRL (R$) R$ in Thousands | Jan. 02, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of joint ventures [line items] | |||||
ASSETS | R$ 38312550 | R$ 35930100 | |||
Current assets | 7,909,196 | 6,677,846 | |||
Cash and cash equivalents | 2,941,727 | 1,948,409 | R$ 1040075 | R$ 982073 | |
Noncurrent assets | 30,403,354 | 29,252,254 | |||
Current liabilities | 5,345,621 | 6,695,114 | |||
Noncurrent liabilities | 15,368,717 | 12,898,772 | |||
Equity | 17,598,212 | 16,336,214 | 15,510,503 | R$ 14978142 | |
STATEMENT OF INCOME | |||||
Net operating income | 16,244,274 | 14,934,780 | 14,024,573 | ||
Operating costs and expenses | (11,760,176) | (11,501,688) | (10,665,890) | ||
Equity in income of subsidiaries | 106,757 | 135,888 | 101,739 | ||
Income tax and social contribution | 639,326 | 511,993 | 274,686 | ||
Net income (loss) | R$ 2070551 | 2,062,869 | 1,444,004 | 1,118,255 | |
Total comprehensive income | 1,939,685 | 1,405,644 | 1,086,917 | ||
Voltalia [Member] | |||||
Disclosure of joint ventures [line items] | |||||
ASSETS | 226,898 | 227,867 | 155,272 | ||
Current assets | 3,664 | 2,344 | 2,141 | ||
Cash and cash equivalents | 1,494 | 205 | 3 | ||
Other current assets | 2,170 | 2,139 | 2,138 | ||
Noncurrent assets | 223,234 | 225,523 | 153,131 | ||
LIABILITIES | 226,898 | 227,867 | 155,272 | ||
Current liabilities | 2,206 | 2,216 | 2,214 | ||
Financial liabilities | |||||
Other current liabilities | 2,206 | 2,216 | 2,214 | ||
Noncurrent liabilities | |||||
Financial liabilities | |||||
Other noncurrent liabilities | |||||
Equity | 224,692 | 225,651 | 153,058 | ||
STATEMENT OF INCOME | |||||
Net operating income | |||||
Operating costs and expenses | (111) | (103) | (113) | ||
Financial results | 146 | (170) | 9 | ||
Equity in income of subsidiaries | (7,080) | (7,815) | (1,048) | ||
Income tax and social contribution | (5) | ||||
Net income (loss) | (7,050) | (8,088) | (1,152) | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 7050 | R$ 8088 | R$ 1152 | ||
Investment interest - % | 4900.00% | 49.00% | 49.00% | ||
Investment book value | R$ 110099 | R$ 110568 | R$ 74998 | ||
Caiua [Member] | |||||
Disclosure of joint ventures [line items] | |||||
ASSETS | 271,409 | 261,951 | 230,743 | ||
Current assets | 30,472 | 26,471 | 22,895 | ||
Cash and cash equivalents | 3,968 | 1,128 | 1,626 | ||
Other current assets | 26,504 | 25,343 | 21,269 | ||
Noncurrent assets | 240,937 | 235,480 | 207,848 | ||
LIABILITIES | 271,409 | 261,951 | 230,743 | ||
Current liabilities | 28,892 | 24,955 | 23,608 | ||
Financial liabilities | 7,584 | 7,615 | 7,427 | ||
Other current liabilities | 21,308 | 17,340 | 16,181 | ||
Noncurrent liabilities | 82,699 | 84,672 | 92,774 | ||
Financial liabilities | 49,958 | 57,028 | 64,081 | ||
Other noncurrent liabilities | 32,741 | 27,644 | 28,693 | ||
Equity | 159,818 | 152,324 | 114,361 | ||
STATEMENT OF INCOME | |||||
Net operating income | 25,180 | 25,129 | (2,904) | ||
Operating costs and expenses | (5,481) | (4,785) | (5,194) | ||
Financial results | (4,557) | (5,017) | (6,017) | ||
Equity in income of subsidiaries | |||||
Income tax and social contribution | (5,348) | (5,053) | 5,908 | ||
Net income (loss) | 9,794 | 10,274 | (8,207) | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 9794 | R$ 10274 | R$ 8207 | ||
Investment interest - % | 4900.00% | 49.00% | 49.00% | ||
Investment book value | R$ 78312 | R$ 74639 | R$ 56037 | ||
Integracao Maranhense [Member] | |||||
Disclosure of joint ventures [line items] | |||||
ASSETS | 486,305 | 465,801 | 466,783 | ||
Current assets | 59,466 | 47,347 | 44,594 | ||
Cash and cash equivalents | 6,570 | 1 | 2,224 | ||
Other current assets | 52,896 | 47,346 | 42,370 | ||
Noncurrent assets | 426,839 | 418,454 | 422,189 | ||
LIABILITIES | 486,305 | 465,801 | 466,783 | ||
Current liabilities | 77,116 | 73,856 | 71,563 | ||
Financial liabilities | 13,468 | 13,228 | 13,240 | ||
Other current liabilities | 63,648 | 60,628 | 58,323 | ||
Noncurrent liabilities | 126,095 | 127,284 | 163,790 | ||
Financial liabilities | 78,350 | 91,342 | 103,755 | ||
Other noncurrent liabilities | 47,745 | 35,942 | 60,035 | ||
Equity | 283,094 | 264,661 | 231,430 | ||
STATEMENT OF INCOME | |||||
Net operating income | 44,264 | 42,379 | (14,460) | ||
Operating costs and expenses | (5,672) | (7,732) | (4,245) | ||
Financial results | (6,594) | (7,817) | (9,070) | ||
Equity in income of subsidiaries | |||||
Income tax and social contribution | (8,904) | (7,974) | 9,709 | ||
Net income (loss) | 23,094 | 18,856 | (18,066) | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 23094 | R$ 18856 | R$ 18066 | ||
Investment interest - % | 4900.00% | 49.00% | 49.00% | ||
Investment book value | R$ 138716 | R$ 129684 | R$ 113401 | ||
Matrincha [Member] | |||||
Disclosure of joint ventures [line items] | |||||
ASSETS | 2,295,925 | 2,199,434 | 2,774,973 | ||
Current assets | 301,722 | 326,557 | 297,331 | ||
Cash and cash equivalents | 85,293 | 116,634 | 116,256 | ||
Other current assets | 216,429 | 209,923 | 181,075 | ||
Noncurrent assets | 1,994,203 | 1,872,877 | 2,477,642 | ||
LIABILITIES | 2,295,925 | 2,199,434 | 2,774,973 | ||
Current liabilities | 166,430 | 137,627 | 140,515 | ||
Financial liabilities | 82,665 | 70,192 | 48,686 | ||
Other current liabilities | 83,765 | 67,435 | 91,829 | ||
Noncurrent liabilities | 677,398 | 687,897 | 928,706 | ||
Financial liabilities | 624,779 | 683,316 | 712,198 | ||
Other noncurrent liabilities | 52,619 | 4,581 | 216,508 | ||
Equity | 1,452,097 | 1,373,910 | 1,705,752 | ||
STATEMENT OF INCOME | |||||
Net operating income | 250,188 | 272,103 | 403,891 | ||
Operating costs and expenses | (70,886) | (47,771) | (183,660) | ||
Financial results | (59,794) | (61,910) | (47,331) | ||
Equity in income of subsidiaries | |||||
Income tax and social contribution | (33,103) | (59,544) | (55,808) | ||
Net income (loss) | 86,405 | 102,878 | 117,092 | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 86405 | R$ 102878 | R$ 117092 | ||
Investment interest - % | 4900.00% | 49.00% | 49.00% | ||
Investment book value | R$ 711527 | R$ 673216 | R$ 835819 | ||
Guaraciaba [Member] | |||||
Disclosure of joint ventures [line items] | |||||
ASSETS | 1,318,517 | 1,295,670 | 1,428,247 | ||
Current assets | 150,875 | 229,693 | 139,920 | ||
Cash and cash equivalents | 44,805 | 136,191 | 34,364 | ||
Other current assets | 106,070 | 93,502 | 105,556 | ||
Noncurrent assets | 1,167,642 | 1,065,977 | 1,288,327 | ||
LIABILITIES | 1,318,517 | 1,295,670 | 1,428,247 | ||
Current liabilities | 84,863 | 79,701 | 71,818 | ||
Financial liabilities | 33,102 | 27,950 | 32,627 | ||
Other current liabilities | 51,761 | 51,751 | 39,191 | ||
Noncurrent liabilities | 545,742 | 487,520 | 502,713 | ||
Financial liabilities | 461,353 | 482,125 | 388,806 | ||
Other noncurrent liabilities | 84,389 | 5,395 | 113,907 | ||
Equity | 687,912 | 728,449 | 853,716 | ||
STATEMENT OF INCOME | |||||
Net operating income | 111,912 | 181,665 | 208,444 | ||
Operating costs and expenses | (29,067) | (27,273) | (93,369) | ||
Financial results | (42,548) | (35,036) | (36,981) | ||
Equity in income of subsidiaries | |||||
Income tax and social contribution | (2,926) | (47,273) | (26,303) | ||
Net income (loss) | 37,371 | 72,083 | 51,791 | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 37371 | R$ 72083 | R$ 51791 | ||
Investment interest - % | 4900.00% | 49.00% | 49.00% | ||
Investment book value | R$ 337077 | R$ 356941 | R$ 418320 | ||
Paranaiba [Member] | |||||
Disclosure of joint ventures [line items] | |||||
ASSETS | 1,625,008 | 1,574,846 | 1,698,213 | ||
Current assets | 178,558 | 165,072 | 233,065 | ||
Cash and cash equivalents | 20,338 | 13,931 | 29,066 | ||
Other current assets | 158,220 | 151,141 | 203,999 | ||
Noncurrent assets | 1,446,450 | 1,409,774 | 1,465,148 | ||
LIABILITIES | 1,625,008 | 1,574,846 | 1,698,213 | ||
Current liabilities | 104,065 | 104,599 | 124,764 | ||
Financial liabilities | 60,399 | 55,968 | 53,317 | ||
Other current liabilities | 43,666 | 48,631 | 71,447 | ||
Noncurrent liabilities | 810,847 | 814,798 | 911,107 | ||
Financial liabilities | 580,451 | 612,854 | 638,779 | ||
Other noncurrent liabilities | 230,396 | 201,944 | 272,328 | ||
Equity | 710,096 | 655,449 | 662,342 | ||
STATEMENT OF INCOME | |||||
Net operating income | 198,573 | (14,331) | 320,302 | ||
Operating costs and expenses | (30,560) | (23,244) | (150,984) | ||
Financial results | (54,154) | (57,977) | (59,132) | ||
Equity in income of subsidiaries | |||||
Income tax and social contribution | (47,024) | 28,163 | (40,717) | ||
Net income (loss) | 66,835 | (67,389) | 69,469 | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 66835 | R$ 67389 | R$ 69469 | ||
Investment interest - % | 2450.00% | 24.50% | 24.50% | ||
Investment book value | R$ 173973 | R$ 160584 | R$ 162273 | ||
Mata de Santa Genebra [Member] | |||||
Disclosure of joint ventures [line items] | |||||
ASSETS | 2,482,326 | 2,365,160 | 1,722,063 | ||
Current assets | 268,381 | 202,253 | 107,568 | ||
Cash and cash equivalents | 48,395 | 19,568 | 96,244 | ||
Other current assets | 219,986 | 182,685 | 11,324 | ||
Noncurrent assets | 2,213,945 | 2,162,907 | 1,614,495 | ||
LIABILITIES | 2,482,326 | 2,365,160 | 1,722,063 | ||
Current liabilities | 129,810 | 124,606 | 12,630 | ||
Financial liabilities | 93,643 | 33,964 | |||
Other current liabilities | 36,167 | 90,642 | 12,630 | ||
Noncurrent liabilities | 1,208,089 | 1,273,962 | 792,519 | ||
Financial liabilities | 1,208,089 | 934,650 | 703,897 | ||
Other noncurrent liabilities | 339,312 | 88,622 | |||
Equity | 1,144,427 | 966,592 | 916,914 | ||
STATEMENT OF INCOME | |||||
Net operating income | 357,522 | 514,591 | 588,123 | ||
Operating costs and expenses | (384,228) | (462,839) | (434,779) | ||
Financial results | (99,186) | (59,507) | (94,512) | ||
Equity in income of subsidiaries | |||||
Income tax and social contribution | 42,627 | 2,685 | (19,955) | ||
Net income (loss) | (83,265) | (5,070) | 38,877 | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 83265 | R$ 5070 | R$ 38877 | ||
Investment interest - % | 5010.00% | 50.10% | 50.10% | ||
Investment book value | R$ 573357 | R$ 484262 | R$ 459374 | ||
Cantareira [Member] | |||||
Disclosure of joint ventures [line items] | |||||
ASSETS | 1,496,577 | 1,443,693 | 952,670 | ||
Current assets | 182,971 | 161,328 | 6,046 | ||
Cash and cash equivalents | 60,252 | 301 | 5,169 | ||
Other current assets | 122,719 | 161,027 | 877 | ||
Noncurrent assets | 1,313,606 | 1,282,365 | 946,624 | ||
LIABILITIES | 1,496,577 | 1,443,693 | 952,670 | ||
Current liabilities | 72,907 | 60,964 | 9,706 | ||
Financial liabilities | 48,619 | 46,329 | |||
Other current liabilities | 24,288 | 14,635 | 9,706 | ||
Noncurrent liabilities | 733,326 | 734,724 | 534,764 | ||
Financial liabilities | 507,775 | 532,179 | 439,192 | ||
Other noncurrent liabilities | 225,551 | 202,545 | 95,572 | ||
Equity | 690,344 | 648,005 | 408,200 | ||
STATEMENT OF INCOME | |||||
Net operating income | 138,259 | 195,441 | 392,766 | ||
Operating costs and expenses | (5,360) | (60,529) | (347,771) | ||
Financial results | (46,190) | (58,402) | (35,207) | ||
Equity in income of subsidiaries | |||||
Income tax and social contribution | (29,498) | (26,379) | (1,871) | ||
Net income (loss) | 57,211 | 50,131 | 7,917 | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 57211 | R$ 50131 | R$ 7917 | ||
Investment interest - % | 4900.00% | 49.00% | 49.00% | ||
Investment book value | R$ 338268 | R$ 317523 | R$ 200018 | ||
Transmissora Sul Brasileira [Member] | |||||
Disclosure of joint ventures [line items] | |||||
ASSETS | 659,464 | ||||
Current assets | 56,604 | ||||
Cash and cash equivalents | 25,547 | ||||
Other current assets | 31,057 | ||||
Noncurrent assets | 602,860 | ||||
LIABILITIES | 659,464 | ||||
Current liabilities | 220,845 | ||||
Financial liabilities | 212,618 | ||||
Other current liabilities | 8,227 | ||||
Noncurrent liabilities | 116,818 | ||||
Financial liabilities | 106,174 | ||||
Other noncurrent liabilities | 10,644 | ||||
Equity | 321,801 | ||||
STATEMENT OF INCOME | |||||
Net operating income | 53,374 | ||||
Operating costs and expenses | (63,752) | ||||
Financial results | (26,994) | ||||
Equity in income of subsidiaries | |||||
Income tax and social contribution | 12,330 | ||||
Net income (loss) | (25,042) | ||||
Other comprehensive income | |||||
Total comprehensive income | R$ 25042 | ||||
Investment interest - % | 20.00% | ||||
Investment book value | R$ 64360 |
16 Investments (Details 4)
16 Investments (Details 4) - BRL (R$) R$ in Thousands | Jan. 02, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of associates [line items] | |||||
ASSETS | R$ 38312550 | R$ 35930100 | |||
Current assets | 7,909,196 | 6,677,846 | |||
Noncurrent assets | 30,403,354 | 29,252,254 | |||
Current liabilities | 5,345,621 | 6,695,114 | |||
Noncurrent liabilities | 15,368,717 | 12,898,772 | |||
Equity | 17,598,212 | 16,336,214 | R$ 15510503 | R$ 14978142 | |
STATEMENT OF INCOME | |||||
Net operating revenues | 16,244,274 | 14,934,780 | 14,024,573 | ||
Operating costs and expenses | (11,760,176) | (11,501,688) | (10,665,890) | ||
Income tax and social contribution | 639,326 | 511,993 | 274,686 | ||
Net income | R$ 2070551 | 2,062,869 | 1,444,004 | 1,118,255 | |
Total comprehensive income | 1,939,685 | 1,405,644 | 1,086,917 | ||
Dona Francisca [Member] | |||||
Disclosure of associates [line items] | |||||
ASSETS | 130,883 | 134,141 | 138,079 | ||
Current assets | 13,406 | 12,493 | 10,304 | ||
Noncurrent assets | 117,477 | 121,648 | 127,775 | ||
LIABILITIES | 130,883 | 134,141 | 138,079 | ||
Current liabilities | 4,344 | 4,231 | 4,144 | ||
Noncurrent liabilities | 3,118 | 3,361 | 4,443 | ||
Equity | 123,421 | 126,549 | 129,492 | ||
STATEMENT OF INCOME | |||||
Net operating revenues | 70,717 | 70,716 | 70,716 | ||
Operating costs and expenses | (25,957) | (25,268) | (30,379) | ||
Financial income (expense) | 475 | 366 | 835 | ||
Income tax and social contribution | (2,454) | (2,446) | (2,632) | ||
Net income | 42,781 | 43,368 | 38,540 | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 42781 | R$ 43368 | R$ 38540 | ||
Investment interest - % | 23.0303% | 23.0303% | 23.0303% | ||
Investment book value | R$ 28423 | R$ 29144 | R$ 29821 | ||
Foz Do Chopim [Member] | |||||
Disclosure of associates [line items] | |||||
ASSETS | 61,635 | 106,736 | 61,163 | ||
Current assets | 31,054 | 73,786 | 21,553 | ||
Noncurrent assets | 30,581 | 32,950 | 39,610 | ||
LIABILITIES | 61,635 | 106,736 | 61,163 | ||
Current liabilities | 2,354 | 57,603 | 1,808 | ||
Noncurrent liabilities | 25,243 | 26,133 | 22,776 | ||
Equity | 34,038 | 23,000 | 36,579 | ||
STATEMENT OF INCOME | |||||
Net operating revenues | 56,929 | 46,479 | 40,441 | ||
Operating costs and expenses | 16,278 | (2,020) | (21,124) | ||
Financial income (expense) | 621 | (638) | 809 | ||
Income tax and social contribution | (2,346) | (6,880) | (1,547) | ||
Net income | 38,926 | 36,941 | 18,579 | ||
Other comprehensive income | |||||
Total comprehensive income | R$ 38926 | R$ 36941 | R$ 18579 | ||
Investment interest - % | 35.77% | 35.77% | 35.77% | ||
Investment book value | R$ 12175 | R$ 8227 | R$ 13084 |
16 Investments (Details Narrati
16 Investments (Details Narrative) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure Of Investments Abstract | ||
Commitments in relation to joint ventures | R$ 5936 | R$ 81263 |
Contingent liabilities incurred in relation to interests in joint ventures | 89,688 | 40,324 |
Contingent liabilities incurred in relation to interests in associates | R$ 78793 | R$ 61341 |
17 Property, Plant and Equipm_2
17 Property, Plant and Equipment (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | R$ 19010184 | R$ 18825986 |
Accumulated depreciation | (8,418,081) | (7,985,323) |
Property, plant and equipment, ending | 10,592,103 | 10,840,663 |
In Service [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | 18,437,598 | 14,233,899 |
Accumulated depreciation | (8,418,081) | (7,985,323) |
Property, plant and equipment, ending | 10,019,517 | 6,248,576 |
In Service [Member] | Reservoirs, Dams and Aqueducts [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | 8,082,238 | 6,643,087 |
Accumulated depreciation | (4,405,546) | (4,216,613) |
Property, plant and equipment, ending | 3,676,692 | 2,426,474 |
In Service [Member] | Machinery and Equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | 8,875,458 | 5,648,292 |
Accumulated depreciation | (2,871,568) | (2,674,150) |
Property, plant and equipment, ending | 6,003,890 | 2,974,142 |
In Service [Member] | Buildings [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | 1,962,033 | 1,500,990 |
Accumulated depreciation | (1,054,009) | (1,021,783) |
Property, plant and equipment, ending | 908,024 | 479,207 |
In Service [Member] | Land [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | 490,071 | 375,286 |
Accumulated depreciation | (27,651) | (18,184) |
Property, plant and equipment, ending | 462,420 | 357,102 |
In Service [Member] | Vehicles and Aircraft [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | 47,960 | 47,744 |
Accumulated depreciation | 44,876 | (41,978) |
Property, plant and equipment, ending | 3,084 | 5,766 |
In Service [Member] | Furniture And Tools [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | 22,415 | 22,057 |
Accumulated depreciation | (14,466) | (12,642) |
Property, plant and equipment, ending | 7,949 | 9,415 |
In Service [Member] | Provision For Impairment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | (1,042,499) | (3,489) |
Accumulated depreciation | ||
Property, plant and equipment, ending | (1,042,499) | (3,489) |
In Service [Member] | Special Obligations [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | (78) | (68) |
Accumulated depreciation | 35 | 27 |
Property, plant and equipment, ending | (43) | (41) |
In Progress [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | 572,586 | 4,592,087 |
Accumulated depreciation | ||
Property, plant and equipment, ending | 572,586 | 4,592,087 |
In Progress [Member] | Provision For Impairment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | (127,586) | (1,197,693) |
Accumulated depreciation | ||
Property, plant and equipment, ending | (127,586) | (1,197,693) |
In Progress [Member] | Cost [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, cost | 700,172 | 5,789,780 |
Accumulated depreciation | ||
Property, plant and equipment, ending | R$ 700172 | R$ 5789780 |
17 Property, Plant and Equipm_3
17 Property, Plant and Equipment (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | R$ 10840663 | R$ 9829450 |
Additions/Reversal of impairment | 582,259 | 1,469,480 |
Depreciation | (665,182) | (389,312) |
Loss on disposal | (158,084) | (68,450) |
Transfers | (7,553) | (505) |
Property, plant and equipment, ending | 10,592,103 | 10,840,663 |
In Service [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | 6,248,576 | 6,016,795 |
Additions/Reversal of impairment | 61,112 | 1,497 |
Depreciation | (665,182) | (389,312) |
Loss on disposal | (142,544) | (62,959) |
Transfers | 4,517,555 | 682,555 |
Property, plant and equipment, ending | 10,019,517 | 6,248,576 |
In Service [Member] | Reservoirs, Dams and Aqueducts [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | 2,426,474 | 2,566,727 |
Additions/Reversal of impairment | ||
Depreciation | (188,334) | (144,991) |
Loss on disposal | (42) | (1) |
Transfers | 1,438,594 | 4,739 |
Property, plant and equipment, ending | 3,676,692 | 2,426,474 |
In Service [Member] | Machinery and Equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | 2,974,142 | 2,665,935 |
Additions/Reversal of impairment | ||
Depreciation | (409,571) | (199,846) |
Loss on disposal | (141,902) | (61,959) |
Transfers | 3,581,221 | 570,012 |
Property, plant and equipment, ending | 6,003,890 | 2,974,142 |
In Service [Member] | Buildings [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | 479,207 | 510,923 |
Additions/Reversal of impairment | ||
Depreciation | (52,330) | (35,932) |
Loss on disposal | (500) | |
Transfers | 481,147 | 4,716 |
Property, plant and equipment, ending | 908,024 | 479,207 |
In Service [Member] | Land [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | 357,102 | 262,378 |
Additions/Reversal of impairment | ||
Depreciation | (9,466) | (2,897) |
Loss on disposal | (463) | (83) |
Transfers | 115,247 | 97,704 |
Property, plant and equipment, ending | 462,420 | 357,102 |
In Service [Member] | Vehicles and Aircraft [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | 5,766 | 10,342 |
Additions/Reversal of impairment | ||
Depreciation | (3,482) | (4,484) |
Loss on disposal | (128) | (392) |
Transfers | 928 | 300 |
Property, plant and equipment, ending | 3,084 | 5,766 |
In Service [Member] | Furniture And Tools [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | 9,415 | 5,514 |
Additions/Reversal of impairment | ||
Depreciation | (2,007) | (1,171) |
Loss on disposal | (9) | (24) |
Transfers | 550 | 5,096 |
Property, plant and equipment, ending | 7,949 | 9,415 |
In Service [Member] | Provision For Impairment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | (3,489) | (4,986) |
Additions/Reversal of impairment | 61,112 | 1,497 |
Depreciation | ||
Loss on disposal | ||
Transfers | (1,100,122) | |
Property, plant and equipment, ending | (1,042,499) | (3,489) |
In Service [Member] | Special Obligations [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | (41) | (38) |
Additions/Reversal of impairment | ||
Depreciation | 8 | 9 |
Loss on disposal | ||
Transfers | (10) | (12) |
Property, plant and equipment, ending | (43) | (41) |
In Progress [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | 4,592,087 | 3,812,655 |
Additions/Reversal of impairment | 521,147 | 1,467,983 |
Depreciation | ||
Loss on disposal | (15,540) | (5,491) |
Transfers | (4,525,108) | (683,060) |
Property, plant and equipment, ending | 572,586 | 4,592,087 |
In Progress [Member] | Provision For Impairment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | (1,197,693) | (1,210,358) |
Additions/Reversal of impairment | (30,015) | 12,665 |
Depreciation | ||
Loss on disposal | ||
Transfers | 1,100,122 | |
Property, plant and equipment, ending | (127,586) | (1,197,693) |
In Progress [Member] | Cost [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Property, plant and equipment, beginning | 5,789,780 | 5,023,013 |
Additions/Reversal of impairment | 551,162 | 1,455,318 |
Depreciation | ||
Loss on disposal | (15,540) | (5,491) |
Transfers | (5,625,230) | (683,060) |
Property, plant and equipment, ending | R$ 700172 | R$ 5789780 |
17 Property, Plant and Equipm_4
17 Property, Plant and Equipment (Details 2) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of joint operations [line items] | ||
Joint operations | R$ 1393501 | R$ 1423708 |
In Progress [Member] | ||
Disclosure of joint operations [line items] | ||
Joint operations | R$ 722795 | 717,599 |
In Progress [Member] | HPP Baixo Iguacu [Member] | ||
Disclosure of joint operations [line items] | ||
Share | 30.00% | |
Joint operations | R$ 49240 | 717,599 |
In Progress [Member] | Accumulated Depreciation [Member] | ||
Disclosure of joint operations [line items] | ||
Annual average depreciation rate | 3.27% | |
Joint operations | R$ 19038 | |
In Service [Member] | ||
Disclosure of joint operations [line items] | ||
Joint operations | 670,706 | 683,371 |
In Service [Member] | HPP Baixo Iguacu [Member] | ||
Disclosure of joint operations [line items] | ||
Joint operations | R$ 692593 | |
In Service [Member] | Accumulated Depreciation [Member] | ||
Disclosure of joint operations [line items] | ||
Annual average depreciation rate | 3.43% | |
Joint operations | R$ 206000 | (176,546) |
In Service [Member] | HPP Maua (Consorcio Energetico Cruzeiro do Sul) [Member] | ||
Disclosure of joint operations [line items] | ||
Share | 51.00% | |
Joint operations | R$ 859917 | R$ 859917 |
17 Property, Plant and Equipm_5
17 Property, Plant and Equipment (Details 3) - BRL (R$) R$ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | |||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Depreciation | R$ 665182 | R$ 389312 | ||
Property, Plant and Equipment, Impairment | (117,744) | (14,162) | ||
Projects [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Cost | 4,712,644 | |||
Property, Plant and Equipment, Depreciation | (188,893) | |||
Property, Plant and Equipment, Impairment | (1,083,438) | |||
Property, Plant and Equipment, Value in use | 3,440,313 | 4,712,644 | ||
Projects [Member] | HPP Colider [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Cost | 2,473,886 | |||
Property, Plant and Equipment, Depreciation | (75,917) | |||
Property, Plant and Equipment, Impairment | (777,294) | |||
Property, Plant and Equipment, Value in use | 1,620,675 | 2,473,886 | ||
Projects [Member] | Wind Power Complex Cutia [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Cost | 1,253,371 | |||
Property, Plant and Equipment, Depreciation | (59,214) | |||
Property, Plant and Equipment, Impairment | (54,104) | |||
Property, Plant and Equipment, Value in use | 1,140,053 | 1,253,371 | ||
Projects [Member] | Power Plants In Parana [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Cost | 970,923 | |||
Property, Plant and Equipment, Depreciation | (53,762) | |||
Property, Plant and Equipment, Impairment | (237,576) | |||
Property, Plant and Equipment, Value in use | 679,585 | 970,923 | ||
In Progress [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Depreciation | ||||
Property, Plant and Equipment, Impairment | 24,689 | (12,665) | ||
In Progress [Member] | HPP Colider [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Impairment | 482 | 48,244 | ||
In Progress [Member] | Wind Power Complex Cutia [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Impairment | 373 | (56,635) | ||
In Progress [Member] | Consorcio Tapajos [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Cost | [1] | 14,464 | ||
Property, Plant and Equipment, Depreciation | [1] | |||
Property, Plant and Equipment, Impairment | [1] | |||
Property, Plant and Equipment, Value in use | [1] | 14,464 | ||
In Progress [Member] | Power Plants In Parana [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Property, Plant and Equipment, Impairment | R$ 21085 | R$ 9336 | ||
[1] | Project under development |
17 Property, Plant and Equipm_6
17 Property, Plant and Equipment (Details 4) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | ||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | R$ 1201182 | R$ 1215344 | |
Impairment at the year | 117,744 | 14,162 | |
Transfer | |||
Recoverable amount at ending | (1,083,438) | (1,201,182) | |
In Service [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | (3,489) | (4,986) | |
Impairment at the year | 142,433 | 1,497 | |
Transfer | (1,100,121) | ||
Recoverable amount at ending | (961,177) | (3,489) | |
In Service [Member] | UEG Araucaria [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | |||
Impairment at the year | (45,547) | ||
Transfer | (731,747) | ||
Recoverable amount at ending | (777,294) | ||
In Service [Member] | Wind Power Complex Cutia [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | |||
Impairment at the year | 114,144 | ||
Transfer | (168,248) | ||
Recoverable amount at ending | (54,104) | ||
In Service [Member] | Wind Power Complex Bento Miguel [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | |||
Impairment at the year | 87,370 | ||
Transfer | (87,370) | ||
Recoverable amount at ending | |||
In Service [Member] | Power Plants In Parana [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | (3,489) | (4,986) | |
Impairment at the year | (13,534) | 1,497 | |
Transfer | (112,756) | ||
Recoverable amount at ending | (129,779) | (3,489) | |
In Progress [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | (1,197,693) | (1,210,358) | |
Impairment at the year | (24,689) | 12,665 | |
Transfer | 1,100,121 | ||
Recoverable amount at ending | (122,261) | (1,197,693) | |
In Progress [Member] | Wind Power Complex Cutia [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | (167,875) | (224,510) | |
Impairment at the year | (373) | 56,635 | |
Transfer | 168,248 | ||
Recoverable amount at ending | (167,875) | ||
In Progress [Member] | Wind Power Complex Bento Miguel [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | (84,621) | (98,231) | |
Impairment at the year | (2,749) | 13,610 | |
Transfer | 87,370 | ||
Recoverable amount at ending | (84,621) | ||
In Progress [Member] | Power Plants In Parana [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | (199,468) | (190,132) | |
Impairment at the year | (21,085) | (9,336) | |
Transfer | 112,756 | ||
Recoverable amount at ending | (107,797) | (199,468) | |
In Progress [Member] | HPP Colider [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | (731,265) | (683,021) | |
Impairment at the year | (482) | (48,244) | |
Transfer | 731,747 | ||
Recoverable amount at ending | (731,265) | ||
In Progress [Member] | Consorcio Tapajos [Member] | |||
Disclosure of detailed information about property, plant and equipment [line items] | |||
Gross total | (14,464) | (14,464) | |
Impairment at the year | [1] | ||
Transfer | |||
Recoverable amount at ending | R$ 14464 | R$ 14464 | |
[1] | Project under development |
17 Property, Plant and Equipm_7
17 Property, Plant and Equipment (Details 5) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019BRL (R$) | ||
Complex EOL So Bento [Member] | Wind Power Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 7.24% | [1] |
RA/CA-1 | 9.09% | [1] |
RA/CA-1 (5% Variation) | 6.77% | [1] |
RA/CA-1 (10% Variation) | 4.52% | [1] |
Impairment Risk | [1] | |
Complex EOL Brisa I [Member] | Wind Power Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 7.24% | [2] |
RA/CA-1 | 35.66% | [2] |
RA/CA-1 (5% Variation) | 31.89% | [2] |
RA/CA-1 (10% Variation) | 28.30% | [2] |
Impairment Risk | [2] | |
Complex EOL Brisa II [Member] | Wind Power Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 7.24% | [3] |
RA/CA-1 | 36.07% | [3] |
RA/CA-1 (5% Variation) | 31.69% | [3] |
RA/CA-1 (10% Variation) | 27.54% | [3] |
Impairment Risk | [3] | |
UEG Araucaria [Member] | Thermal Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 7.76% | |
RA/CA-1 | 0.00% | |
RA/CA-1 (5% Variation) | (2.04%) | |
RA/CA-1 (10% Variation) | (4.01%) | |
Impairment Risk | R$ 11412 | |
Foz Do Areia [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 217.22% | |
RA/CA-1 (5% Variation) | 215.52% | |
RA/CA-1 (10% Variation) | 213.85% | |
Impairment Risk | ||
Segredo [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 205.09% | |
RA/CA-1 (5% Variation) | 200.80% | |
RA/CA-1 (10% Variation) | 196.60% | |
Impairment Risk | ||
Caxias [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 153.49% | |
RA/CA-1 (5% Variation) | 149.69% | |
RA/CA-1 (10% Variation) | 145.98% | |
Impairment Risk | ||
Guaricana [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 31.09% | |
RA/CA-1 (5% Variation) | 29.82% | |
RA/CA-1 (10% Variation) | 28.56% | |
Impairment Risk | ||
Chamine [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 80.03% | |
RA/CA-1 (5% Variation) | 78.31% | |
RA/CA-1 (10% Variation) | 76.62% | |
Impairment Risk | ||
Apucaraninha [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 38.17% | |
RA/CA-1 (5% Variation) | 36.77% | |
RA/CA-1 (10% Variation) | 35.39% | |
Impairment Risk | ||
Chopim I [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 151.57% | |
RA/CA-1 (5% Variation) | 146.48% | |
RA/CA-1 (10% Variation) | 141.55% | |
Impairment Risk | ||
Sao Jorge [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 0.40% | |
RA/CA-1 (5% Variation) | (0.46%) | |
RA/CA-1 (10% Variation) | (1.31%) | |
Impairment Risk | R$ 44 | |
Maua [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 83.84% | |
RA/CA-1 (5% Variation) | 79.69% | |
RA/CA-1 (10% Variation) | 75.68% | |
Impairment Risk | ||
Cavernoso II [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 17.10% | |
RA/CA-1 (5% Variation) | 14.23% | |
RA/CA-1 (10% Variation) | 11.47% | |
Impairment Risk | ||
Bela Vista [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 5.45% | |
RA/CA-1 | 66.92% | |
RA/CA-1 (5% Variation) | 54.22% | |
RA/CA-1 (10% Variation) | 42.31% | |
Impairment Risk | ||
Elejor [Member] | Hydric Assets [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Discount rate | 7.00% | |
RA/CA-1 | 48.34% | |
RA/CA-1 (5% Variation) | 44.52% | |
RA/CA-1 (10% Variation) | 40.85% | |
Impairment Risk | ||
[1] | Contemplates the GE Boa Vista, GE Farol, GE Olho D Agua and GE Sao Bento do Norte wind farms. | |
[2] | Contemplates the Nova Asa Branca I, Nova Asa Branca II, Nova Asa Branca III and Nova Eurus IV wind farms. | |
[3] | Contemplates the Santa Maria, Santa Helena and Ventos de Santo Uriel wind farms. |
17 Property, Plant and Equipm_8
17 Property, Plant and Equipment (Details 6) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Generation [Member] | General Equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 6.33% | 6.25% |
Generation [Member] | Machinery and Equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 3.67% | 3.56% |
Generation [Member] | Generators [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 3.38% | 3.34% |
Generation [Member] | Reservoirs, Dams and Aqueducts [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 2.50% | 2.21% |
Generation [Member] | Hydraulic Turbines [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 2.89% | 2.60% |
Generation [Member] | Gas and Steam Turbines [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 2.00% | 2.00% |
Generation [Member] | Water Cooling and Treatment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 4.00% | 4.00% |
Generation [Member] | Gas Conditioner [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 4.00% | 4.00% |
Generation [Member] | Wind Power Plant Unit [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 5.49% | 3.71% |
Central Management [Member] | Buildings [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 3.35% | 3.35% |
Central Management [Member] | Machinery and Office Equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 6.25% | 6.25% |
Central Management [Member] | Furniture and Fixtures [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 6.25% | 6.25% |
Central Management [Member] | Vehicles [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 14.29% | 14.29% |
Telecommunications [Member] | Transmission Equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 6.36% | 4.77% |
Telecommunications [Member] | Terminal Equipment [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 9.96% | |
Telecommunications [Member] | Terminal Equipment [Member] | Bottom Of Range [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 3.00% | 3.00% |
Telecommunications [Member] | Terminal Equipment [Member] | Top Of Range [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 5.00% | 5.00% |
Telecommunications [Member] | Infrastructure [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 10.37% | |
Telecommunications [Member] | Infrastructure Last Mile [Member] | Bottom Of Range [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 17.00% | 3.00% |
Telecommunications [Member] | Infrastructure Last Mile [Member] | Top Of Range [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 25.00% | 17.00% |
Telecommunications [Member] | Other Infrastructure Equipment[Member] | Bottom Of Range [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 7.00% | 7.00% |
Telecommunications [Member] | Other Infrastructure Equipment[Member] | Top Of Range [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Average rate of depreciation | 20.00% | 20.00% |
17 Property, Plant and Equipm_9
17 Property, Plant and Equipment (Details Narrative) R$ / shares in Units, R$ in Thousands | 12 Months Ended | |||
Dec. 31, 2019BRL (R$)MW | Dec. 31, 2018BRL (R$)MW | Nov. 28, 2014R$ / shares | Oct. 31, 2014R$ / shares | |
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Borrowings and debentures | R$ | R$ 4295 | R$ 4229 | ||
Average interest rate | 0.11% | 0.11% | ||
Total investment | R$ | R$ 2523179 | R$ 2368234 | ||
Cutia and Bento Miguel Wind Farms [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Pre-tax discount rate | 7.24% | 7.13% | ||
Power Plants Of Parana [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Pre-tax discount rate | 5.45% | 5.36% | ||
HPP Colider [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Pre-tax discount rate | 5.45% | 5.36% | ||
Cutia Complex [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Auction final price per megawatt hour | R$ / shares | R$ 144.00 | |||
Restated price due to variation of IPCA | 180.6 | |||
Revision of assured power of project | MW | 71.4 | |||
Installed capacity of hydroelectric plant | MW | 86 | |||
Bento Miguel Complex [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Auction final price per megawatt hour | R$ / shares | R$ 142.03 | |||
Restated price due to variation of IPCA | 179.84 | |||
Revision of assured power of project | MW | 54.8 | |||
Installed capacity of hydroelectric plant | MW | 132.3 | |||
Copel [Member] | ||||
Disclosure of detailed information about property, plant and equipment [line items] | ||||
Pre-tax discount rate | 6.57% | |||
Impairment losses | R$ | R$ 87399 | |||
Write-offs | R$ | R$ 124067 |
18 Intangible Assets (Details)
18 Intangible Assets (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about intangible assets [line items] | |||
Intangible Assets | R$ 6332611 | R$ 6029097 | |
Distribution Concession Agreement [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible Assets | 5,703,686 | 5,390,063 | |
Generation Concession Agreement [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible Assets | 582,671 | 593,852 | R$ 619221 |
Gas Distribution [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible Assets | 3,619 | R$ 43888 | |
Other Intangible Assets [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible Assets | 46,254 | 41,563 | |
Other [Member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible Assets | R$ 46254 | R$ 41563 |
18 Intangible Assets (Details 1
18 Intangible Assets (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | ||||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | R$ 6029097 | ||||||
Effect of acquisition of control of Costa Oeste and Marumbi | R$ 66775 | ||||||
Loss on disposal | 26,789 | 28,742 | R$ 42740 | ||||
Intangible assets, ending | 6,332,611 | 6,029,097 | |||||
Distribution Concession Agreement in Service [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 8,212,792 | 7,907,965 | |||||
Acquisitions | |||||||
Incorporations | 2,625 | ||||||
Amortization of quotas - concession and authorization | [1] | (461,370) | (431,963) | ||||
Amortization of quotas - PIS/Pasep and Cofins credits | (10,740) | (10,813) | |||||
Loss on disposal | (26,359) | (28,098) | |||||
Provision for claims added to the cost of the works | |||||||
Transfers to other receivables | (1,520) | ||||||
Transfers to investments | (7) | ||||||
Transfers to contract assets | |||||||
Transfers from contract assets | 771,844 | 775,701 | |||||
Intangible assets, ending | 8,487,265 | 8,212,792 | 7,907,965 | ||||
Distribution Concession Agreement Special Liabilities in Service [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | (2,822,729) | (2,845,438) | |||||
Incorporations | (2,550) | ||||||
Amortization of quotas - concession and authorization | [1] | (134,864) | 130,388 | ||||
Amortization of quotas - PIS/Pasep and Cofins credits | |||||||
Loss on disposal | |||||||
Transfers to contract assets | |||||||
Transfers from contract assets | (93,164) | (107,679) | |||||
Intangible assets, ending | (2,783,579) | (2,822,729) | (2,845,438) | ||||
Distribution Concession Agreement in Progress [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 714,446 | ||||||
Capitalizations for intangible in service | |||||||
Amortization of quotas - concession and authorization | |||||||
Amortization of quotas - PIS/Pasep and Cofins credits | |||||||
Loss on disposal | |||||||
Customers contributions | |||||||
Transfers to contract assets | (714,446) | ||||||
Transfers from contract assets | |||||||
Intangible assets, ending | 714,446 | ||||||
Distribution Concession Agreement Special Liabilities in Progress [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | (26,100) | ||||||
Capitalizations for intangible in service | |||||||
Amortization of quotas - concession and authorization | |||||||
Amortization of quotas - PIS/Pasep and Cofins credits | |||||||
Loss on disposal | |||||||
Customers contributions | |||||||
Transfers to contract assets | (26,100) | ||||||
Transfers from contract assets | |||||||
Intangible assets, ending | (26,100) | ||||||
Distribution Concession Agreement [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 5,390,063 | 5,750,873 | |||||
Incorporations | 75 | ||||||
Capitalizations for intangible in service | |||||||
Amortization of quotas - concession and authorization | [1] | (326,506) | (301,575) | ||||
Amortization of quotas - PIS/Pasep and Cofins credits | (10,740) | (10,813) | |||||
Loss on disposal | (26,359) | (28,098) | |||||
Transfers to other receivables | (1,520) | ||||||
Transfers to investments | (7) | ||||||
Transfers to contract assets | (688,346) | ||||||
Transfers from contract assets | 678,680 | 668,022 | |||||
Intangible assets, ending | 5,703,686 | 5,390,063 | 5,750,873 | ||||
Generation Concession Agreement in Service [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 226,411 | 236,443 | |||||
Capitalizations for intangible in service | 7,279 | ||||||
Amortization of quotas - concession and authorization | [2] | (16,944) | (17,311) | ||||
ANEEL grant - use of public property | |||||||
Business combination (Note 1.2) | |||||||
Intangible assets, ending | 209,467 | 226,411 | 236,443 | ||||
Generation Concession Agreement in Progress [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 6,977 | [3] | |||||
Amortization of quotas - concession and authorization | [3] | ||||||
ANEEL grant - use of public property | [3] | ||||||
Business combination (Note 1.2) | |||||||
Intangible assets, ending | [3] | 6,977 | [3] | ||||
Generation Concession Agreement Concession Authorization Rights [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 367,441 | 375,801 | |||||
Amortization of quotas - concession and authorization | [2] | (31,294) | (13,205) | ||||
ANEEL grant - use of public property | |||||||
Business combination (Note 1.2) | 20,113 | 4,845 | |||||
Intangible assets, ending | 582,671 | 367,441 | 375,801 | ||||
Generation Concession Agreement [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 593,852 | 619,221 | |||||
Amortization of quotas - concession and authorization | [2] | (14,350) | (30,516) | ||||
ANEEL grant - use of public property | 302 | ||||||
Business combination (Note 1.2) | 20,113 | 4,845 | |||||
Intangible assets, ending | 582,671 | 593,852 | 619,221 | ||||
Gas Distribution in Service [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 3,619 | 24,417 | |||||
Acquisitions | |||||||
Transfers from property, plant and equipment | 24,835 | ||||||
Capitalizations for intangible in service | 10,011 | 2,042 | [1] | ||||
Amortization of quotas - concession and authorization | (28,454) | [1] | (22,759) | ||||
Loss on disposal | (81) | ||||||
Transfers to contract assets | |||||||
Intangible assets, ending | 3,619 | 24,417 | |||||
Gas Distribution in Progress [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 19,471 | ||||||
Acquisitions | |||||||
Capitalizations for intangible in service | [1] | ||||||
Amortization of quotas - concession and authorization | [1] | ||||||
Loss on disposal | |||||||
Transfers to contract assets | (19,471) | ||||||
Transfers from contract assets | |||||||
Intangible assets, ending | 19,471 | ||||||
Gas Distribution [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 3,619 | 43,888 | |||||
Transfers from property, plant and equipment | 24,835 | ||||||
Capitalizations for intangible in service | |||||||
Amortization of quotas - concession and authorization | (28,454) | [1] | (22,759) | ||||
Loss on disposal | (81) | ||||||
Transfers to contract assets | (19,471) | ||||||
Transfers from contract assets | 2,042 | ||||||
Intangible assets, ending | 3,619 | 43,888 | |||||
Other in Service [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 25,630 | 22,693 | |||||
Acquisitions | |||||||
Transfers from property, plant and equipment | (1,471) | 112 | |||||
Capitalizations for intangible in service | 16,118 | 9,448 | |||||
Amortization of quotas - concession and authorization | 8,646 | (6,410) | [4] | ||||
Amortization of quotas - PIS/Pasep and Cofins credits | (11) | (23) | |||||
Loss on disposal | (190) | ||||||
Intangible assets, ending | 31,620 | 25,630 | 22,693 | ||||
Other in Progress [Member] | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 15,933 | 16,149 | |||||
Acquisitions | 5,032 | 7,589 | |||||
Transfers from property, plant and equipment | 10,217 | 1,979 | |||||
Capitalizations for intangible in service | (16,118) | (9,448) | |||||
Amortization of quotas - concession and authorization | [4] | ||||||
Amortization of quotas - PIS/Pasep and Cofins credits | |||||||
Loss on disposal | (430) | (373) | |||||
Intangible assets, ending | 14,634 | 15,933 | 16,149 | ||||
Other | |||||||
Disclosure of detailed information about intangible assets [line items] | |||||||
Intangible assets, beginning | 41,563 | 38,842 | |||||
Acquisitions | 5,032 | 7,589 | |||||
Transfers from property, plant and equipment | 8,746 | 2,091 | |||||
Capitalizations for intangible in service | |||||||
Amortization of quotas - concession and authorization | (8,646) | (6,410) | [4] | ||||
Amortization of quotas - PIS/Pasep and Cofins credits | (11) | (23) | |||||
Loss on disposal | (430) | (563) | |||||
Intangible assets, ending | R$ 46254 | R$ 41563 | R$ 38842 | ||||
[1] | Amortization during the concession as of the start of commercial operations of the enterprises or based on the useful life of the assets, of the two the shortest. | ||||||
[2] | Amortization during the concession/authorization as of the start of commercial operations of the enterprises. | ||||||
[3] | Includes the balances of use of public asset and hydrological risk renegotiation | ||||||
[4] | Annual amortization rate: 20%. |
19 Payroll, Social Charges an_3
19 Payroll, Social Charges and Accruals (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | R$ 337044 | R$ 284179 |
Social security liabilities [Member] | ||
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | 76,204 | 84,663 |
Social security liabilities [Member] | Taxes and social contribution [Member] | ||
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | 47,022 | 54,653 |
Social security liabilities [Member] | Social security charges on paid vacation and 13th salary [Member] | ||
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | 29,182 | 30,010 |
Labor liabilities [Member] | ||
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | 260,840 | 199,516 |
Labor liabilities [Member] | Payroll, net [Member] | ||
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | 3,330 | 1,308 |
Labor liabilities [Member] | Vacation [Member] | ||
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | 98,648 | 101,327 |
Labor liabilities [Member] | Provisions for profit sharing [Member] | ||
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | 156,040 | 91,526 |
Labor liabilities [Member] | Voluntary retirement program [Member] | ||
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | 2,820 | 5,349 |
Labor liabilities [Member] | Other liabilities [Member] | ||
DisclosureOfPayrollSocialChargesAndAccrualsLineItems [Line Items] | ||
Payroll, social charges and accruals | R$ 2 | R$ 6 |
20 Accounts payable to suppli_3
20 Accounts payable to suppliers (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
DisclosureOfAccountsPayableToSuppliersLineItems [Line Items] | ||
Suppliers | R$ 1873193 | R$ 1469199 |
Suppliers, current | 1,685,280 | 1,419,243 |
Suppliers, noncurrent | 187,913 | 49,956 |
Energy supplies [Member] | ||
DisclosureOfAccountsPayableToSuppliersLineItems [Line Items] | ||
Suppliers | 1,085,777 | 819,792 |
Materials And Supplies [Member] | ||
DisclosureOfAccountsPayableToSuppliersLineItems [Line Items] | ||
Suppliers | 520,647 | 384,300 |
Natural gas for resale [Member] | ||
DisclosureOfAccountsPayableToSuppliersLineItems [Line Items] | ||
Suppliers | 79,174 | 95,478 |
Charges for use of grid system [Member] | ||
DisclosureOfAccountsPayableToSuppliersLineItems [Line Items] | ||
Suppliers | R$ 187595 | R$ 169629 |
21 Loans and Financing (Details
21 Loans and Financing (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of detailed information about borrowings [line items] | |||
Final maturity | The term of these securities ranges from 1 to 52 months from the end of the reporting period. | ||
Loans and financing | R$ 3142383 | R$ 4047307 | R$ 3759505 |
Gross debt | 3,168,710 | 4,079,383 | |
Transaction cost | (26,327) | (32,076) | |
Net debt | 3,142,383 | 4,047,307 | |
Loans and financing, current | 255,521 | 1,113,047 | |
Loans and financing, noncurrent | 2,886,862 | 2,934,260 | |
Foreign Currency [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | 108,983 | 104,751 | 89,270 |
Loans and financing, noncurrent | R$ 103646 | ||
Foreign Currency [Member] | National Treasury Department (STN - Secretaria do Tesouro Nacional) [Member] | Par Bond [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | Par Bond | ||
Company | Copel | ||
Allocation | Debt negotiation | ||
Guarantees | Guarantees deposited (21.1). | ||
Issue date | May 20, 1998 | ||
Number of installments | 1 | ||
Final maturity | Apr. 11, 2024 | ||
Finance charges | Half-yearly | ||
Contractual financial charges p.y. | 6.0% + 0.20% | ||
Effective interest rate p.y. | 6.0% + 0.20% | ||
Contract amount | R$ 17315 | ||
Loans and financing | R$ 64325 | 61,837 | |
Foreign Currency [Member] | National Treasury Department (STN - Secretaria do Tesouro Nacional) [Member] | Discount Bond [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | Discount Bond | ||
Company | Copel | ||
Allocation | Debt negotiation | ||
Guarantees | Guarantees deposited (21.1). | ||
Issue date | May 20, 1998 | ||
Number of installments | 1 | ||
Final maturity | Apr. 11, 2024 | ||
Finance charges | Half-yearly | ||
Contractual financial charges p.y. | 3.5% + 0.20% | ||
Effective interest rate p.y. | 3.5% + 0.20% | ||
Contract amount | R$ 12082 | ||
Loans and financing | 44,658 | 42,914 | |
Local Currency [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | 3,033,400 | 3,942,556 | R$ 3670235 |
Loans and financing, noncurrent | R$ 2830614 | ||
Local Currency [Member] | Promissory Notes [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | Promissory notes | ||
Company | Copel GeT | ||
Allocation | Payment of the first installment of debentures and cash enhancement of Copel Get. | ||
Guarantees | Surety of Copel. | ||
Issue date | May 12, 2017 | ||
Number of installments | 1 | ||
Final maturity | May 12, 2019 | ||
Finance charges | Single installment | ||
Contractual financial charges p.y. | 117% of DI | ||
Effective interest rate p.y. | 117% of DI | ||
Contract amount | R$ 500000 | ||
Loans and financing | 572,419 | ||
Local Currency [Member] | Banco Do Brasil [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 679976 | 1,016,039 | |
Local Currency [Member] | Banco Do Brasil [Member] | CCB 330.600.773 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | CCB 330.600.773 | ||
Company | Copel DIS | ||
Allocation | Working capital. | ||
Guarantees | Credit assignment. | ||
Issue date | Jul. 11, 2014 | ||
Number of installments | 3 | ||
Final maturity | Jul. 11, 2019 | ||
Finance charges | Half-yearly | ||
Contractual financial charges p.y. | 111.8% of DI | ||
Effective interest rate p.y. | 111.8% of DI | ||
Contract amount | R$ 116667 | ||
Loans and financing | 40,173 | ||
Local Currency [Member] | Banco Do Brasil [Member] | CFX 17/35959-7 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | CFX 17/35959-7 | ||
Company | Copel DIS | ||
Allocation | Working capital. | ||
Guarantees | Credit assignment. | ||
Issue date | May 16, 2017 | ||
Number of installments | 2 | ||
Final maturity | May 6, 2019 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 12.00% | ||
Effective interest rate p.y. | 12.00% | ||
Contract amount | R$ 75000 | ||
Loans and financing | 38,262 | ||
Local Currency [Member] | Banco Do Brasil [Member] | CCB 21/00851-5 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | CCB 21/00851-5 | ||
Company | Copel DIS | ||
Allocation | Working capital. | ||
Guarantees | Credit assignment. | ||
Issue date | Jun. 30, 2017 | ||
Number of installments | 2 | ||
Final maturity | Jun. 13, 2019 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 11.00% | ||
Effective interest rate p.y. | 11.00% | ||
Contract amount | R$ 38889 | ||
Loans and financing | 19,644 | ||
Local Currency [Member] | Banco Do Brasil [Member] | CCB 17/35960-0 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | CCB 17/35960-0 | ||
Company | Copel DIS | ||
Allocation | Working capital. | ||
Guarantees | Credit assignment. | ||
Issue date | Jul. 27, 2017 | ||
Number of installments | 2 | ||
Final maturity | Jul. 17, 2019 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 11.00% | ||
Effective interest rate p.y. | 11.00% | ||
Contract amount | R$ 50333 | ||
Loans and financing | 51,681 | ||
Local Currency [Member] | Banco Do Brasil [Member] | CFX 17/35958-9 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | CFX 17/35958-9 | ||
Company | Copel DIS | ||
Allocation | Working capital. | ||
Guarantees | Credit assignment. | ||
Issue date | Aug. 15, 2017 | ||
Number of installments | 2 | ||
Final maturity | Aug. 5, 2019 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 11.00% | ||
Effective interest rate p.y. | 11.00% | ||
Contract amount | R$ 58333 | ||
Loans and financing | 59,366 | ||
Local Currency [Member] | Banco Do Brasil [Member] | NCI 330.600.132 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | NCI 330.600.132 | ||
Company | Copel HOL | ||
Allocation | Working capital. | ||
Guarantees | Credit assignment. | ||
Issue date | Feb. 28, 2007 | ||
Number of installments | 3 | ||
Final maturity | Feb. 28, 2019 | ||
Finance charges | Half-yearly | ||
Contractual financial charges p.y. | 107.8% of DI | ||
Effective interest rate p.y. | 107.8% of DI | ||
Contract amount | R$ 231000 | ||
Loans and financing | 78,735 | ||
Local Currency [Member] | Banco Do Brasil [Member] | CCB 306.401.381 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | CCB 306.401.381 | ||
Company | Copel HOL | ||
Allocation | Working capital. | ||
Guarantees | Credit assignment. | ||
Issue date | Dec. 19, 2019 | ||
Number of installments | 5 | ||
Final maturity | Mar. 25, 2022 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 120.00% of DI | ||
Effective interest rate p.y. | 126.99% of DI | ||
Contract amount | R$ 640005 | ||
Loans and financing | R$ 640530 | 648,953 | |
Local Currency [Member] | Banco Do Brasil [Member] | NCI 306.401.445 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | NCI 306.401.445 | ||
Company | Copel HOL | ||
Allocation | Working capital. | ||
Guarantees | Credit assignment. | ||
Issue date | Feb. 24, 2017 | ||
Number of installments | 2 | ||
Final maturity | Feb. 15, 2020 | ||
Finance charges | Half-yearly | ||
Contractual financial charges p.y. | 124.5% of DI | ||
Effective interest rate p.y. | 136.15% of DI | ||
Contract amount | R$ 77000 | ||
Loans and financing | 39,446 | 648,953 | |
Local Currency [Member] | Banco Do Brasil [Member] | Contract [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | 79,225 | ||
Local Currency [Member] | Eletrobras [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 10934 | 21,622 | |
Local Currency [Member] | Eletrobras [Member] | 981/95 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 981/95 | ||
Company | Copel DIS | ||
Allocation | National Program for Watering - Proni. Rural Electricity Program - Luz para Todos. | ||
Guarantees | Own revenue; issue of promissory notes and commercial duplicates. | ||
Issue date | Dec. 22, 1994 | ||
Number of installments | 80 | ||
Final maturity | Aug. 15, 2019 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 8.00% | ||
Effective interest rate p.y. | 8.00% | ||
Contract amount | R$ 1169 | ||
Loans and financing | 49 | ||
Local Currency [Member] | Eletrobras [Member] | 982/95 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 982/95 | ||
Company | Copel DIS | ||
Allocation | National Program for Watering - Proni. Rural Electricity Program - Luz para Todos. | ||
Guarantees | Own revenue; issue of promissory notes and commercial duplicates. | ||
Issue date | Dec. 22, 1994 | ||
Number of installments | 80 | ||
Final maturity | Nov. 15, 2019 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 8.00% | ||
Effective interest rate p.y. | 8.00% | ||
Contract amount | R$ 1283 | ||
Loans and financing | 24 | ||
Local Currency [Member] | Eletrobras [Member] | 983/95 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 983/95 | ||
Company | Copel DIS | ||
Allocation | National Program for Watering - Proni. Rural Electricity Program - Luz para Todos. | ||
Guarantees | Own revenue; issue of promissory notes and commercial duplicates. | ||
Issue date | Dec. 22, 1994 | ||
Number of installments | 80 | ||
Final maturity | Nov. 15, 2020 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 8.00% | ||
Effective interest rate p.y. | 8.00% | ||
Contract amount | R$ 11 | ||
Loans and financing | R$ 26 | 51 | |
Local Currency [Member] | Eletrobras [Member] | 984/95 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 984/95 | ||
Company | Copel DIS | ||
Allocation | National Program for Watering - Proni. Rural Electricity Program - Luz para Todos. | ||
Guarantees | Own revenue; issue of promissory notes and commercial duplicates. | ||
Issue date | Dec. 22, 1994 | ||
Number of installments | 80 | ||
Final maturity | Nov. 15, 2020 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 8.00% | ||
Effective interest rate p.y. | 8.00% | ||
Contract amount | R$ 14 | ||
Loans and financing | R$ 11 | 22 | |
Local Currency [Member] | Eletrobras [Member] | 985/95 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 985/95 | ||
Company | Copel DIS | ||
Allocation | National Program for Watering - Proni. Rural Electricity Program - Luz para Todos. | ||
Guarantees | Own revenue; issue of promissory notes and commercial duplicates. | ||
Issue date | Dec. 22, 1994 | ||
Number of installments | 80 | ||
Final maturity | Aug. 15, 2021 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 8.00% | ||
Effective interest rate p.y. | 8.00% | ||
Contract amount | R$ 61 | ||
Loans and financing | R$ 11 | 17 | |
Local Currency [Member] | Eletrobras [Member] | 206/07 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 206/07 | ||
Company | Copel DIS | ||
Allocation | National Program for Watering - Proni. Rural Electricity Program - Luz para Todos. | ||
Guarantees | Own revenue; issue of promissory notes and commercial duplicates. | ||
Issue date | Mar. 3, 2008 | ||
Number of installments | 120 | ||
Final maturity | Aug. 30, 2020 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 5.0% + 1.0% | ||
Effective interest rate p.y. | 5.05% | ||
Contract amount | R$ 109642 | ||
Loans and financing | R$ 5953 | 14,882 | |
Local Currency [Member] | Eletrobras [Member] | 273/09 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 273/09 | ||
Company | Copel DIS | ||
Allocation | National Program for Watering - Proni. Rural Electricity Program - Luz para Todos. | ||
Guarantees | Own revenue; issue of promissory notes and commercial duplicates. | ||
Issue date | Feb. 18, 2010 | ||
Number of installments | 120 | ||
Final maturity | Dec. 30, 2022 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 5.0% + 1.0% | ||
Effective interest rate p.y. | 5.0% + 1.0% | ||
Contract amount | R$ 63944 | ||
Loans and financing | 4,933 | 6,577 | |
Local Currency [Member] | Caixa Econonica Federal [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 13741 | 15,794 | |
Local Currency [Member] | Caixa Econonica Federal [Member] | 415.855-22/14 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 415.855-22/14 | ||
Company | Copel DIS | ||
Allocation | Rural Electricity Program - Luz para Todos. Acquisition of machinery, equipment and IT and automation equipment. | ||
Guarantees | Own revenue; issue of promissory notes and commercial duplicates. | ||
Issue date | Mar. 31, 2015 | ||
Number of installments | 120 | ||
Final maturity | Dec. 8, 2026 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 6.00% | ||
Effective interest rate p.y. | 6.00% | ||
Contract amount | R$ 16984 | ||
Loans and financing | R$ 13410 | 15,298 | |
Local Currency [Member] | Caixa Econonica Federal [Member] | 3153-352 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 3153-352 | ||
Company | Copel DIS | ||
Allocation | Rural Electricity Program - Luz para Todos. Acquisition of machinery, equipment and IT and automation equipment. | ||
Guarantees | Assignment of trade notes receivable. | ||
Issue date | Nov. 1, 2016 | ||
Number of installments | 36 | ||
Final maturity | Dec. 15, 2021 | ||
Finance charges | Quarterly | ||
Contractual financial charges p.y. | 5.5 % above TJLP | ||
Effective interest rate p.y. | 5.5 % above TJLP | ||
Contract amount | R$ 1156 | ||
Loans and financing | 331 | 496 | |
Local Currency [Member] | Finep [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 4845 | 10,659 | |
Local Currency [Member] | Finep [Member] | 21120105-00 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 21120105-00 | ||
Company | Copel Tel | ||
Allocation | BEL project - ultra wide band intranet service (Ultra Wide Band - UWB). | ||
Guarantees | Lock of proceeds received in current account. | ||
Issue date | Jul. 17, 2012 | ||
Number of installments | 81 | ||
Final maturity | Oct. 15, 2020 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 4.00% | ||
Effective interest rate p.y. | 4.39% | ||
Contract amount | R$ 35095 | ||
Loans and financing | R$ 2626 | 5,778 | |
Local Currency [Member] | Finep [Member] | 21120105-00 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 21120105-00 | ||
Company | Copel Tel | ||
Allocation | BEL project - ultra wide band intranet service (Ultra Wide Band - UWB). | ||
Guarantees | Lock of proceeds received in current account. | ||
Issue date | Jul. 17, 2012 | ||
Number of installments | 81 | ||
Final maturity | Oct. 15, 2020 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 3.5% + TR | ||
Effective interest rate p.y. | 3.88% + TR | ||
Contract amount | R$ 17103 | ||
Loans and financing | 2,219 | 4,881 | |
Local Currency [Member] | BNDES [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 2254424 | 2,230,775 | |
Local Currency [Member] | BNDES [Member] | 820989.1 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 820989.1 | ||
Company | Copel GeT | ||
Allocation | Implementation of Mauá HPP. | ||
Guarantees | Revenue from energy sales from the plant. | ||
Issue date | Mar. 17, 2009 | ||
Number of installments | 179 | ||
Final maturity | Jan. 15, 2028 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 1.63% above TJLP | ||
Effective interest rate p.y. | 1.63% above TJLP | ||
Contract amount | R$ 169500 | ||
Loans and financing | R$ 95807 | 107,324 | |
Local Currency [Member] | BNDES [Member] | 1120952.1 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 1120952.1 | ||
Company | Copel GeT | ||
Allocation | Implementation of transmission line between Foz do Iguaçu and Cascavel Oeste substations. | ||
Guarantees | Assignment of receivables; revenue from energy transmission services. | ||
Issue date | Dec. 16, 2011 | ||
Number of installments | 168 | ||
Final maturity | Apr. 15, 2026 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 1.82% above TJLP | ||
Effective interest rate p.y. | 1.82% above TJLP | ||
Contract amount | R$ 44723 | ||
Loans and financing | R$ 21090 | 24,344 | |
Local Currency [Member] | BNDES [Member] | 1220768.1 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 1220768.1 | ||
Company | Copel GeT | ||
Allocation | Implementation of Cavernoso II SHP. | ||
Guarantees | Revenue from energy sales from the plant. | ||
Issue date | Sep. 28, 2012 | ||
Number of installments | 192 | ||
Final maturity | Jul. 15, 2029 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 1.36% above TJLP | ||
Effective interest rate p.y. | 1.36% above TJLP | ||
Contract amount | R$ 73122 | ||
Loans and financing | R$ 46240 | 50,908 | |
Local Currency [Member] | BNDES [Member] | 13211061 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 13211061 | ||
Company | Copel GeT | ||
Allocation | Implementation of Colíder HPP. | ||
Guarantees | Assignment of receivables | ||
Issue date | Dec. 4, 2013 | ||
Number of installments | 192 | ||
Final maturity | Oct. 15, 2031 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 0% and 1.49% above TJLP | ||
Effective interest rate p.y. | 6.43% and 7.68% | ||
Contract amount | R$ 1041155 | ||
Loans and financing | R$ 817329 | 844,940 | |
Local Currency [Member] | BNDES [Member] | 13210331 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 13210331 | ||
Company | Copel GeT | ||
Allocation | Implementation of Cerquilho III substation. | ||
Guarantees | Assignment of receivables | ||
Issue date | Dec. 3, 2013 | ||
Number of installments | 168 | ||
Final maturity | Aug. 15, 2028 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 1.49% and 1.89% above TJLP | ||
Effective interest rate p.y. | 1.49% and 1.89% above TJLP | ||
Contract amount | R$ 17644 | ||
Loans and financing | R$ 11385 | 12,659 | |
Local Currency [Member] | BNDES [Member] | 15206041 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 15206041 | ||
Company | Copel GeT | ||
Allocation | Implementation of transmission line Assis - Paraguaçu Paulista II. | ||
Guarantees | Assignment of receivables | ||
Issue date | Dec. 28, 2015 | ||
Number of installments | 168 | ||
Final maturity | Jun. 15, 2030 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.42% above TJLP | ||
Effective interest rate p.y. | 9.04% | ||
Contract amount | R$ 34265 | ||
Loans and financing | R$ 22419 | 24,477 | |
Local Currency [Member] | BNDES [Member] | 15205921 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 15205921 | ||
Company | Copel GeT | ||
Allocation | Implementation of transmission lines Londrina - Figueira and Salto Osório - Foz do Chopim. | ||
Guarantees | Assignment of receivables | ||
Issue date | Dec. 28, 2015 | ||
Number of installments | 168 | ||
Final maturity | Dec. 15, 2029 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.32% above TJLP | ||
Effective interest rate p.y. | 8.93% | ||
Contract amount | R$ 21584 | ||
Loans and financing | R$ 13526 | 14,832 | |
Local Currency [Member] | BNDES [Member] | 18205101 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 18205101 | ||
Company | Copel GeT | ||
Allocation | Implementation of Baixo Iguaçu HPP. | ||
Guarantees | Assignment of receivables | ||
Issue date | Nov. 22, 2018 | ||
Number of installments | 192 | ||
Final maturity | Jun. 15, 2035 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 1.94% above TJLP | ||
Effective interest rate p.y. | 8.50% | ||
Contract amount | R$ 194000 | ||
Loans and financing | R$ 196827 | 162,229 | |
Local Currency [Member] | BNDES [Member] | 14205611-A [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 14205611-A | ||
Company | Copel DIS | ||
Allocation | Preservation of business, improvements, operating support and general investments in the expansion and consolidation of projects and social investment programs of companies (ISE). | ||
Guarantees | Surety of Copel; assignment of revenues and indemnity rights under the concession. | ||
Issue date | Dec. 15, 2014 | ||
Number of installments | 72 | ||
Final maturity | Jan. 15, 2021 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.09% above TJLP | ||
Effective interest rate p.y. | 8.37% | ||
Contract amount | R$ 41583 | ||
Loans and financing | R$ 7611 | 14,591 | |
Local Currency [Member] | BNDES [Member] | 14205611-B [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 14205611-B | ||
Company | Copel DIS | ||
Allocation | Preservation of business, improvements, operating support and general investments in the expansion and consolidation of projects and social investment programs of companies (ISE). | ||
Guarantees | Surety of Copel; assignment of revenues and indemnity rights under the concession. | ||
Issue date | Dec. 15, 2014 | ||
Number of installments | 6 | ||
Final maturity | Feb. 15, 2021 | ||
Finance charges | Annual | ||
Contractual financial charges p.y. | 2.09 above TR BNDES | ||
Effective interest rate p.y. | 2.09 above TR BNDES | ||
Contract amount | R$ 17821 | ||
Loans and financing | R$ 8288 | 11,992 | |
Local Currency [Member] | BNDES [Member] | 14205611-C [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 14205611-C | ||
Company | Copel DIS | ||
Allocation | Preservation of business, improvements, operating support and general investments in the expansion and consolidation of projects and social investment programs of companies (ISE). | ||
Guarantees | Surety of Copel; assignment of revenues and indemnity rights under the concession. | ||
Issue date | Dec. 15, 2014 | ||
Number of installments | 113 | ||
Final maturity | Jun. 15, 2024 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 6.00% | ||
Effective interest rate p.y. | 6.00% | ||
Contract amount | R$ 78921 | ||
Loans and financing | R$ 35267 | 43,097 | |
Local Currency [Member] | BNDES [Member] | 14205611-D [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 14205611-D | ||
Company | Copel DIS | ||
Allocation | Preservation of business, improvements, operating support and general investments in the expansion and consolidation of projects and social investment programs of companies (ISE). | ||
Guarantees | Surety of Copel; assignment of revenues and indemnity rights under the concession. | ||
Issue date | Dec. 15, 2014 | ||
Number of installments | 57 | ||
Final maturity | Feb. 15, 2021 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | TJLP | ||
Effective interest rate p.y. | TJLP | ||
Contract amount | R$ 750 | ||
Loans and financing | R$ 11 | 20 | |
Local Currency [Member] | BNDES [Member] | 14.2.1271.1 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 14.2.1271.1 | ||
Company | Santa Maria | ||
Allocation | Construction and implementation of wind generating plants. | ||
Guarantees | Surety of Copel; pledge of shares; assignment of receivables and revenues. | ||
Issue date | Jun. 1, 2015 | ||
Number of installments | 192 | ||
Final maturity | Aug. 15, 2031 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 1.66% above TJLP | ||
Effective interest rate p.y. | 8.26% | ||
Contract amount | R$ 71676 | ||
Loans and financing | R$ 45582 | 49,336 | |
Local Currency [Member] | BNDES [Member] | 14.2.1272.1 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 14.2.1272.1 | ||
Company | Santa Helena | ||
Allocation | Construction and implementation of wind generating plants. | ||
Guarantees | Surety of Copel; pledge of shares; assignment of receivables and revenues. | ||
Issue date | Jun. 1, 2015 | ||
Number of installments | 192 | ||
Final maturity | Aug. 15, 2031 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 1.66% above TJLP | ||
Effective interest rate p.y. | 8.26% | ||
Contract amount | R$ 82973 | ||
Loans and financing | R$ 49458 | 53,531 | |
Local Currency [Member] | BNDES [Member] | 11211521 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 11211521 | ||
Company | GE Farol | ||
Allocation | Construction and implementation of wind generating plants. | ||
Guarantees | Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment. | ||
Issue date | Mar. 19, 2012 | ||
Number of installments | 192 | ||
Final maturity | Jun. 15, 2030 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.34% above TJLP | ||
Effective interest rate p.y. | 2.34% above TJLP | ||
Contract amount | R$ 54100 | ||
Loans and financing | R$ 41388 | 45,158 | |
Local Currency [Member] | BNDES [Member] | 11211531 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 11211531 | ||
Company | GE Boa Vista | ||
Allocation | Construction and implementation of wind generating plants. | ||
Guarantees | Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment. | ||
Issue date | Mar. 19, 2012 | ||
Number of installments | 192 | ||
Final maturity | Jun. 15, 2030 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.34% above TJLP | ||
Effective interest rate p.y. | 2.34% above TJLP | ||
Contract amount | R$ 40050 | ||
Loans and financing | R$ 30598 | 33,385 | |
Local Currency [Member] | BNDES [Member] | 11211541 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 11211541 | ||
Company | GE S.B. do Norte | ||
Allocation | Construction and implementation of wind generating plants. | ||
Guarantees | Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment. | ||
Issue date | Mar. 19, 2012 | ||
Number of installments | 192 | ||
Final maturity | Jun. 15, 2030 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.34% above TJLP | ||
Effective interest rate p.y. | 2.34% above TJLP | ||
Contract amount | R$ 90900 | ||
Loans and financing | R$ 69394 | 75,715 | |
Local Currency [Member] | BNDES [Member] | 11211551 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 11211551 | ||
Company | GE Olho D'Água | ||
Allocation | Construction and implementation of wind generating plants. | ||
Guarantees | Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment. | ||
Issue date | Mar. 19, 2012 | ||
Number of installments | 192 | ||
Final maturity | Jun. 15, 2030 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.34% above TJLP | ||
Effective interest rate p.y. | 2.34% above TJLP | ||
Contract amount | R$ 97000 | ||
Loans and financing | R$ 74112 | 80,862 | |
Local Currency [Member] | BNDES [Member] | 18204611 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 18204611 | ||
Company | Cutia | ||
Allocation | Construction and implementation of wind generating plants. | ||
Guarantees | Pledge of shares; assignment of receivables. | ||
Issue date | Oct. 25, 2018 | ||
Number of installments | 192 | ||
Final maturity | Jul. 15, 2035 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.04% above TJLP | ||
Effective interest rate p.y. | 8.37% | ||
Contract amount | R$ 619405 | ||
Loans and financing | R$ 611457 | 517,083 | |
Local Currency [Member] | BNDES [Member] | 13212221 - A [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 13212221 - A | ||
Company | Costa Oeste | ||
Allocation | Implementation of transmission line between Cascavel Oeste and Umuarama Sul substations and implementation of Umuarama Sul substation. | ||
Guarantees | Assignment of receivables; 100% of pledged shares. | ||
Issue date | Dec. 3, 2013 | ||
Number of installments | 168 | ||
Final maturity | Nov. 30, 2028 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 1.95% + TJLP | ||
Effective interest rate p.y. | 1.95% + TJLP | ||
Contract amount | R$ 27634 | ||
Loans and financing | R$ 19203 | 21,291 | |
Local Currency [Member] | BNDES [Member] | 13212221 - B [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 13212221 - B | ||
Company | Costa Oeste | ||
Allocation | Implementation of transmission line between Cascavel Oeste and Umuarama Sul substations and implementation of Umuarama Sul substation. | ||
Guarantees | Assignment of receivables; 100% of pledged shares. | ||
Issue date | Dec. 3, 2013 | ||
Number of installments | 106 | ||
Final maturity | Sep. 30, 2023 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 3.5% | ||
Effective interest rate p.y. | 3.5% | ||
Contract amount | R$ 9086 | ||
Loans and financing | R$ 2992 | 3,789 | |
Local Currency [Member] | BNDES [Member] | 14205851 - A [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 14205851 - A | ||
Company | Marumbi | ||
Allocation | Implementation of transmission line between Curitiba and Curitiba Leste and implementation of Curitiba Leste substation. | ||
Guarantees | Assignment of receivables; 100% of pledged shares. | ||
Issue date | Jul. 8, 2014 | ||
Number of installments | 168 | ||
Final maturity | Jun. 30, 2029 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.00% + TJLP | ||
Effective interest rate p.y. | 2.00% + TJLP | ||
Contract amount | R$ 33460 | ||
Loans and financing | R$ 24627 | 27,134 | |
Local Currency [Member] | BNDES [Member] | 14205851 - B [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 14205851 - B | ||
Company | Marumbi | ||
Allocation | Implementation of transmission line between Curitiba and Curitiba Leste and implementation of Curitiba Leste substation. | ||
Guarantees | Assignment of receivables; 100% of pledged shares. | ||
Issue date | Jul. 8, 2014 | ||
Number of installments | 106 | ||
Final maturity | Apr. 30, 2024 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 6.00% | ||
Effective interest rate p.y. | 6.00% | ||
Contract amount | R$ 21577 | ||
Loans and financing | 9,813 | 12,076 | |
Local Currency [Member] | Banco do Brasil BNDES Transfer [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 95807 | 107,324 | |
Local Currency [Member] | Banco do Brasil BNDES Transfer [Member] | 21/02000-0 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Contract | 21/02000-0 | ||
Company | Copel GeT | ||
Allocation | Implementation of Mauá HPP. | ||
Guarantees | Revenue from energy sales from the plant. | ||
Issue date | Apr. 16, 2009 | ||
Number of installments | 179 | ||
Final maturity | Jan. 15, 2028 | ||
Finance charges | Monthly | ||
Contractual financial charges p.y. | 2.13% above TJLP | ||
Effective interest rate p.y. | 2.13% above TJLP | ||
Contract amount | R$ 169500 | ||
Loans and financing | R$ 95807 | R$ 107324 |
21 Loans and Financing (Detai_2
21 Loans and Financing (Details 1) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 3142383 | R$ 4047307 | R$ 3759505 |
Loans and financing, percent | 100.00% | 100.00% | |
Foreign Currency [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 108983 | R$ 104751 | |
Loans and financing, percent | 3.47% | 2.59% | |
Foreign Currency [Member] | United States of America, Dollars | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 108983 | R$ 104751 | |
Loans and financing, percent | 3.47% | 2.59% | |
Local Currency [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 3033400 | R$ 3942556 | |
Loans and financing, percent | 96.53% | 97.41% | |
Local Currency [Member] | CDI | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 676720 | R$ 1410479 | |
Loans and financing, percent | 21.54% | 34.85% | |
Local Currency [Member] | TJLP | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 2271187 | R$ 2245786 | |
Loans and financing, percent | 72.30% | 55.49% | |
Local Currency [Member] | TR | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 2202 | R$ 4842 | |
Loans and financing, percent | 0.07% | 0.12% | |
Local Currency [Member] | IPCA | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 8288 | R$ 11992 | |
Loans and financing, percent | 0.26% | 0.30% | |
Local Currency [Member] | Without indexer (annual fixed rate) | |||
Disclosure of detailed information about borrowings [line items] | |||
Loans and financing | R$ 75003 | R$ 269457 | |
Loans and financing, percent | 2.36% | 6.65% |
21 Loans and Financing (Detai_3
21 Loans and Financing (Details 2) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about borrowings [line items] | ||
Gross debt | R$ 3168710 | R$ 4079383 |
Transaction cost | (26,327) | (32,076) |
Net debt | 3,142,383 | R$ 4047307 |
Noncurrent Installments [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Gross debt | 2,909,950 | |
Transaction cost | (23,088) | |
Net debt | 2,886,862 | |
Noncurrent Installments [Member] | 2021 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Gross debt | 706,500 | |
Transaction cost | (2,781) | |
Net debt | 703,719 | |
Noncurrent Installments [Member] | 2022 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Gross debt | 319,580 | |
Transaction cost | (2,061) | |
Net debt | 317,519 | |
Noncurrent Installments [Member] | 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Gross debt | 191,584 | |
Transaction cost | (1,618) | |
Net debt | 189,966 | |
Noncurrent Installments [Member] | 2024 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Gross debt | 295,366 | |
Transaction cost | (1,625) | |
Net debt | 293,741 | |
Noncurrent Installments [Member] | 2025 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Gross debt | 185,009 | |
Transaction cost | (1,622) | |
Net debt | 183,387 | |
Noncurrent Installments [Member] | After 2025 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Gross debt | 1,211,911 | |
Transaction cost | (13,381) | |
Net debt | R$ 1198530 |
21 Loans and Financing (Detai_4
21 Loans and Financing (Details 3) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about borrowings [line items] | ||
Loans and financing, beginning | R$ 4047307 | R$ 3759505 |
Effect of acquisition of control of Costa Oeste and Marumbi | 66,775 | |
Funding | 796,296 | 1,314,766 |
Charges | 274,549 | 294,403 |
Monetary and exchange variations | 11,077 | 27,097 |
Amortization - principal | (1,660,869) | (1,126,144) |
Payment - charges | (325,977) | (289,095) |
Loans and financing, ending | 3,142,383 | 4,047,307 |
Foreign Currency [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Loans and financing, beginning | 104,751 | 89,270 |
Effect of acquisition of control of Costa Oeste and Marumbi | ||
Funding | 5,599 | |
Charges | 4,170 | 5,038 |
Monetary and exchange variations | 15,161 | |
Amortization - principal | ||
Payment - charges | (5,537) | (4,718) |
Loans and financing, ending | 108,983 | 104,751 |
Local Currency [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Loans and financing, beginning | 3,942,556 | 3,670,235 |
Effect of acquisition of control of Costa Oeste and Marumbi | 66,775 | |
Funding | 796,296 | 1,314,766 |
Charges | 268,950 | 289,365 |
Monetary and exchange variations | 6,907 | 11,936 |
Amortization - principal | (1,660,869) | (1,126,144) |
Payment - charges | (320,440) | (284,377) |
Loans and financing, ending | R$ 3033400 | R$ 3942556 |
21 Loans and Financing (Detai_5
21 Loans and Financing (Details 4) | 12 Months Ended | |
Dec. 31, 2019 | ||
Copel Geracao e Transmissao S.A. [Member] | BNDES Finem n - 820989.1 - Maua [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | Copel GeT | |
Contract | BNDES Finem No. 820989.1 - Mauá | |
Annual financial index | EBITDA / Net financial results | |
Limit | ≤ 1.3 | |
Copel Geracao e Transmissao S.A. [Member] | Banco do Brasil n - 21/02000-0 - Maua [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | Copel GeT | |
Contract | Banco do Brasil No. 21/02000-0 - Mauá | |
Annual financial index | EBITDA / Net financial results | |
Limit | ≤ 1.3 | |
Copel Distribuicao S.A. [Member] | BNDES Finem n - 14205611 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | Copel DIS | |
Contract | BNDES Finem No. 14205611 | |
Annual financial index | Financial indebtedness / adjusted EBITIDA | |
Limit | ≤ 4.0 | |
Santa Maria Energias Renovaveis S.A. [Member] | BNDES Finem n - 14212711 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | Santa Maria | |
Contract | BNDES Finem No. 14212711 | |
Annual financial index | Debt service coverage ratio | |
Limit | ≤ 1.3 | |
Santa Helena Energias Renovaveis S.A. [Member] | BNDES Finem n - 14212721 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | Santa Helena | |
Contract | BNDES Finem No. 14212721 | |
Annual financial index | Debt service coverage ratio | |
Limit | ≤ 1.3 | |
Sao Bento Energia, Investimentos e Participacoes S.A. [Member] | BNDES Assignment Agreement [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | São Bento Energia, Investimento e Participações | |
Contract | BNDES Assignment Agreement | |
Annual financial index | Debt service coverage ratio | |
Limit | ≤ 1.3 | |
GE Boa Vista S.A. [Member] | BNDES Finem n - 11211531 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | GE Boa Vista S.A. | |
Contract | BNDES Finem No. 11211531 | |
Annual financial index | Debt service coverage ratio | |
Limit | ≤ 1.3 | |
GE Farol S.A. [Member] | BNDES Finem n - 11211521 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | GE Farol S.A. | |
Contract | BNDES Finem No. 11211521 | |
Annual financial index | Debt service coverage ratio | |
Limit | ≤ 1.3 | |
GE Olho D'agua S.A. [Member] | BNDES Finem n - 11211551 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | GE Olho D´Água S.A. | |
Contract | BNDES Finem No. 11211551 | |
Annual financial index | Debt service coverage ratio | |
Limit | ≤ 1.3 | |
GE Sao Bento do Norte S.A. [Member] | BNDES Finem n - 11211541 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | GE São Bento do Norte S.A. | |
Contract | BNDES Finem No. 11211541 | |
Annual financial index | Debt service coverage ratio | |
Limit | ≤ 1.3 | |
Cutia Empreendimentos Eolicos S.A. [Member] | BNDES Finem n - 18204611 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | Cutia | |
Contract | BNDES Finem No. 18204611 | |
Annual financial index | Debt service coverage ratio | |
Limit | ||
Costa Oeste Transmissora de Energia S.A. [Member] | BNDES Finem n - 14205851 - A [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | Costa Oeste | |
Contract | BNDES Finem No. 13212221 | |
Annual financial index | Debt service coverage ratio | [1] |
Limit | ≤ 1.3 | |
Marumbi Transmissora de Energia S.A. [Member] | BNDES Finem n - 14205851 - B [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company | Marumbi | |
Contract | BNDES Finem No. 14205851 | |
Annual financial index | Debt service coverage ratio | |
Limit | ≤ 1.3 | |
[1] | financial ratio calculated based on the amounts of the consolidated financial statements of Cutia Empreendimentos Eolicos S.A. |
21 Loans and Financing (Detai_6
21 Loans and Financing (Details Narrative) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about borrowings [line items] | ||
Description of securites term | The term of these securities ranges from 1 to 52 months from the end of the reporting period. | |
National Treasury Department [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Description of securites term | 2024.04.11 | |
National Treasury Department [Member] | Par Bonds [Member] | Collateral [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Cash deposits | R$ 57968 | R$ 52717 |
National Treasury Department [Member] | Discount Bonds [Member] | Collateral [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Cash deposits | R$ 40465 | R$ 36838 |
22 Debentures (Details)
22 Debentures (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Disclosure of detailed information about borrowings [line items] | |||||
Gross debt | R$ 8540366 | R$ 7592904 | |||
Transaction cost | (110,656) | (74,773) | |||
Debentures | 8,429,710 | 7,518,131 | R$ 6070978 | ||
Debentures, current | 1,164,301 | 2,184,881 | |||
Debentures, noncurent | R$ 7265409 | 5,333,250 | |||
Debentures Due On 13 May, 2019 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel | |||
Issue | [1] | 5th | |||
Allocation | [1] | Working capital or used to make investments in the issuer. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | May 13, 2014 | |||
Number of installments | [1] | 3 | |||
Final maturity | [1] | May 13, 2019 | |||
Payment of chages | Half-yearly | ||||
Contractual financial charges p.y. | [1] | 111.5% of DI | |||
Effective interest rate p.y. | [1] | 111.5% of DI | |||
Contract amount | [1] | R$ 1000000 | |||
Debentures | 336,341 | [1] | |||
Debentures Due On 28 June, 2019 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel | |||
Issue | [1] | 6th | |||
Allocation | [1] | Working capital or used to make investments in the issuer. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Jun. 28, 2017 | |||
Number of installments | [1] | 1 | |||
Final maturity | [1] | Jun. 28, 2019 | |||
Payment of chages | [1] | Single installment | |||
Contractual financial charges p.y. | [1] | 117.0% of DI | |||
Effective interest rate p.y. | [1] | 117.0% of DI | |||
Contract amount | [1] | R$ 520000 | |||
Debentures | [1] | 586,230 | |||
Debentures Due On 19 January, 2021 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel | |||
Issue | [1] | 7th | |||
Allocation | [1] | Working capital or used to make investments in the issuer. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Jan. 19, 2018 | |||
Number of installments | [1] | 2 | |||
Final maturity | [1] | Jan. 19, 2021 | |||
Payment of chages | [1] | Half-yearly | |||
Contractual financial charges p.y. | [1] | 119.0% of DI | |||
Effective interest rate p.y. | [1] | 125.18% of DI | |||
Contract amount | [1] | R$ 600000 | |||
Debentures | [1] | R$ 617378 | 619,998 | ||
Debentures Due On 14 Jun, 2022 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel | |||
Issue | [1] | 8th | |||
Allocation | [1] | Payment of the 6th issue of debentures and working capital increase | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Jun. 14, 2019 | |||
Number of installments | [1] | 1 | |||
Final maturity | [1] | Jun. 14, 2022 | |||
Payment of chages | [1] | Half-yearly | |||
Contractual financial charges p.y. | [1] | 106.0% of DI | |||
Effective interest rate p.y. | [1] | 110.93% of DI | |||
Contract amount | [1] | R$ 500000 | |||
Debentures | [1] | R$ 500906 | |||
Debentures Due On 15 May, 2020 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel GeT | |||
Issue | [1] | 1st | |||
Allocation | [1] | Working capital or used to make investments in the issuer. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | May 15, 2015 | |||
Number of installments | [1] | 3 | |||
Final maturity | [1] | May 15, 2020 | |||
Payment of chages | [1] | Annual | |||
Contractual financial charges p.y. | [1] | 113.0% of DI | |||
Effective interest rate p.y. | [1] | 114.29% of DI | |||
Contract amount | [1] | R$ 1000000 | |||
Debentures | [1] | R$ 346906 | 696,593 | ||
Debentures Due On 13 July, 2019 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel GeT | |||
Issue | [1] | 2nd | |||
Allocation | [1] | Working capital or used to make investments in the issuer. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Jul. 13, 2016 | |||
Number of installments | [1] | 2 | |||
Final maturity | [1] | Jul. 13, 2019 | |||
Payment of chages | [1] | Annual | |||
Contractual financial charges p.y. | [1] | 121.0% of DI | |||
Effective interest rate p.y. | [1] | 121.0% of DI | |||
Contract amount | [1] | R$ 1000000 | |||
Debentures | [1] | 517,565 | |||
Debentures Due On 20 October, 2020 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel GeT | |||
Issue | [1] | 3rd | |||
Allocation | [1] | Working capital or used to make investments in the issuer. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Oct. 20, 2017 | |||
Number of installments | [1] | 3 | |||
Final maturity | [1] | Oct. 20, 2022 | |||
Payment of chages | [1] | Half-yearly | |||
Contractual financial charges p.y. | [1] | 126.0% of DI | |||
Effective interest rate p.y. | [1] | 131.21% of DI | |||
Contract amount | [1] | R$ 1000000 | |||
Debentures | [1] | R$ 1011691 | 1,014,685 | ||
Debentures Due On 23 July, 2023 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel GeT | |||
Issue | [1] | 4th | |||
Allocation | [1] | Full early redemption of the 4th issue of the Company’s trade promissory notes and partial payment of the 1st amortization installment of the 2nd issue of debentures. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Jul. 23, 2018 | |||
Number of installments | [1] | 3 | |||
Final maturity | [1] | Jul. 23, 2023 | |||
Payment of chages | [1] | Half-yearly | |||
Contractual financial charges p.y. | [1] | 126.0% of DI | |||
Effective interest rate p.y. | [1] | 133.77% of DI | |||
Contract amount | [1] | R$ 1000000 | |||
Debentures | [1] | R$ 1030054 | 1,032,762 | ||
Debentures Due On 15 September, 2025 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [2] | Copel GeT | |||
Issue | [2] | 5th | |||
Allocation | [2] | Reimbursement of expenses related to the construction of the Transmission Lines Araraquara II - Taubaté, Assis - Londrina and Foz do Chopim. | |||
Guarantees | [2] | Personal guarantee | |||
Issue date | [2] | Sep. 25, 2018 | |||
Number of installments | [2] | 5 | |||
Final maturity | [2] | Sep. 15, 2025 | |||
Payment of chages | [2] | Half-yearly | |||
Contractual financial charges p.y. | [2] | IPCA + 7.6475% | |||
Effective interest rate p.y. | [2] | IPCA+ 8.3295% | |||
Contract amount | [2] | R$ 290000 | |||
Debentures | [2] | R$ 308464 | 295,448 | ||
Debentures Due On 15 July, 2024 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [3] | Copel GeT | |||
Issue | [3] | 6th (1st serie) | |||
Allocation | [3] | Full early redemption of the 5th issue of the Company's trade promissory notes and partial payment of the 2nd amortization installment of the 2nd issue of debentures. | |||
Guarantees | [3] | Personal guarantee | |||
Issue date | [3] | Jul. 15, 2019 | |||
Number of installments | [3] | 2 | |||
Final maturity | [3] | Jul. 15, 2024 | |||
Payment of chages | [3] | Half-yearly | |||
Contractual financial charges p.y. | [3] | 109.0% of DI | |||
Effective interest rate p.y. | [3] | 111.25% of DI | |||
Contract amount | [3] | R$ 800000 | |||
Debentures | [3] | R$ 818406 | |||
Debentures Due On 15 July, 2025 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [3] | Copel GeT | |||
Issue | [3] | 6th (2nd serie) | |||
Allocation | [3] | Reimbursement of expenses related to the Colíder HPP and Baixo Iguaçu HPP projects | |||
Guarantees | [3] | Personal guarantee | |||
Issue date | [3] | Jul. 15, 2019 | |||
Number of installments | [3] | 1 | |||
Final maturity | [3] | Jul. 15, 2025 | |||
Payment of chages | [3] | Half-yearly | |||
Contractual financial charges p.y. | [3] | IPCA + 3.90% | |||
Effective interest rate p.y. | [3] | IPCA+ 4.46% | |||
Contract amount | [3] | R$ 200000 | |||
Debentures | [3] | R$ 205677 | |||
Debentures Due On 27 October, 2019 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel DIS | |||
Issue | [1] | 2nd | |||
Allocation | [1] | Working capital or used to make investments in the issuer. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Oct. 27, 2016 | |||
Number of installments | [1] | 2 | |||
Final maturity | [1] | Oct. 27, 2019 | |||
Payment of chages | [1] | Annual | |||
Contractual financial charges p.y. | [1] | 124.0% of DI | |||
Effective interest rate p.y. | [1] | 130.37% of DI | |||
Contract amount | [1] | R$ 500000 | |||
Debentures | [1] | 253,226 | |||
Debentures Due On 20 October, 2022 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel DIS | |||
Issue | [1] | 3rd | |||
Allocation | [1] | Working capital or used to make investments in the issuer. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Oct. 20, 2017 | |||
Number of installments | [1] | 2 | |||
Final maturity | [1] | Oct. 20, 2022 | |||
Payment of chages | [1] | Half-yearly | |||
Contractual financial charges p.y. | [1] | 126.0% of DI | |||
Effective interest rate p.y. | [1] | 131.21% of DI | |||
Contract amount | [1] | R$ 500000 | |||
Debentures | [1] | R$ 505846 | 507,342 | ||
Debentures Due On 27 September, 2023 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel DIS | |||
Issue | [1] | 4th | |||
Allocation | [1] | Working capital and payment of the 1st installment of amortization of the 2nd issue of debentures. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Sep. 27, 2018 | |||
Number of installments | [1] | 3 | |||
Final maturity | [1] | Sep. 27, 2023 | |||
Payment of chages | [1] | Half-yearly | |||
Contractual financial charges p.y. | [1] | DI + spread 2.70% | |||
Effective interest rate p.y. | [1] | CDI + 3.96% | |||
Contract amount | [1] | R$ 1000000 | |||
Debentures | [1] | R$ 1019626 | 1,020,260 | ||
Debentures Due On 15 November, 2027 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [3] | Copel DIS | |||
Issue | [3] | 5th (serie 1) | |||
Allocation | [3] | Investment for expansion, renovation or improvement and reimbursement of expenses of the Issuer's electricity distribution network linked to concession contract No. 46/1999 of ANEEL. | |||
Guarantees | [3] | Personal guarantee | |||
Issue date | [3] | Nov. 15, 2019 | |||
Number of installments | [3] | 3 | |||
Final maturity | [3] | Nov. 15, 2019 | |||
Payment of chages | [3] | Half-yearly | |||
Contractual financial charges p.y. | [3] | IPCA + 4.20% p.a. | |||
Effective interest rate p.y. | [3] | IPCA+ 4.61% p.a. | |||
Contract amount | [3] | R$ 500000 | |||
Debentures | [3] | R$ 506180 | |||
Debentures Due On 15 November, 2027 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [3] | Copel DIS | |||
Issue | [3] | 5th (serie 1) | |||
Allocation | [3] | Reinforcement of working capital and recomposition of cash by the final amortization of the 2nd issue of debentures. | |||
Guarantees | [3] | Personal guarantee | |||
Issue date | [3] | Nov. 15, 2027 | |||
Number of installments | [3] | 2 | |||
Final maturity | [3] | Nov. 15, 2027 | |||
Payment of chages | [3] | Half-yearly | |||
Contractual financial charges p.y. | [3] | DI + spread 1.45% | |||
Effective interest rate p.y. | [3] | CDI + 1.65% | |||
Contract amount | [3] | R$ 350000 | |||
Debentures | [3] | R$ 351914 | |||
Debentures Due On 15 October, 2024 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel CTE | |||
Issue | [1] | 1st | |||
Allocation | [1] | Deployment, expansion and modernization of the telecommunication network. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Oct. 15, 2015 | |||
Number of installments | [1] | 5 | |||
Final maturity | [1] | Oct. 15, 2024 | |||
Payment of chages | [1] | Half-yearly | |||
Contractual financial charges p.y. | [1] | IPCA + 7.9633% | |||
Effective interest rate p.y. | [1] | IPCA+ 8.1073% | |||
Contract amount | [1] | R$ 160000 | |||
Debentures | [1] | R$ 195429 | 188,278 | ||
Debentures Due On 15 July, 2022 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel CTE | |||
Issue | [1] | 2nd | |||
Allocation | [1] | Deployment, expansion and modernization of the telecommunication network. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | Jul. 15, 2017 | |||
Number of installments | [1] | 1 | |||
Final maturity | [1] | Jul. 15, 2022 | |||
Payment of chages | [1] | Half-yearly | |||
Contractual financial charges p.y. | [1] | IPCA + 5.4329% | |||
Effective interest rate p.y. | [1] | IPCA+ 6.1036% | |||
Contract amount | [1] | R$ 220000 | |||
Debentures | [1] | R$ 246355 | 237,214 | ||
Debentures Due On 15 May, 2024 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [1] | Copel CTE | |||
Issue | [1] | 3rd | |||
Allocation | [1] | Investments in the issuer. | |||
Guarantees | [1] | Personal guarantee | |||
Issue date | [1] | May 15, 2019 | |||
Number of installments | [1] | 3 | |||
Final maturity | [1] | May 15, 2019 | |||
Payment of chages | [1] | Half-yearly | |||
Contractual financial charges p.y. | [1] | 117.0% of DI | |||
Effective interest rate p.y. | [1] | 119.58% of DI | |||
Contract amount | [1] | R$ 210000 | |||
Debentures | [1] | R$ 211348 | |||
Debentures Due On 15 July, 2032 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [4] | Brisa Potiguar | |||
Issue | [4] | 2nd (1st serie) | |||
Allocation | [4] | Implementation of wind generating plants. | |||
Guarantees | [4] | Real and personal guarantee and pledge of Copel GeT shares. | |||
Issue date | [4] | Mar. 24, 2016 | |||
Number of installments | [4] | 192 | |||
Final maturity | [4] | Jul. 15, 2032 | |||
Payment of chages | [4] | Monthly | |||
Contractual financial charges p.y. | [4] | TJLP + 2.02% | |||
Effective interest rate p.y. | [4] | TJLP + 2.02% | |||
Contract amount | [4] | R$ 147575 | |||
Debentures | [4] | R$ 119171 | 128,242 | ||
Debentures Due On 15 July, 2032 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [4] | Brisa Potiguar | |||
Issue | [4] | 2nd (2nd serie) | |||
Allocation | [4] | Implementation of wind generating plants. | |||
Guarantees | [4] | Real and personal guarantee and pledge of Copel GeT shares. | |||
Issue date | [4] | Mar. 24, 2016 | |||
Number of installments | [4] | 192 | |||
Final maturity | [4] | Jul. 15, 2032 | |||
Payment of chages | [4] | Monthly | |||
Contractual financial charges p.y. | [4] | IPCA + 9.87% | |||
Effective interest rate p.y. | [4] | IPCA+ 10.92% | |||
Contract amount | [4] | R$ 153258 | |||
Debentures | [4] | R$ 135657 | 141,069 | ||
Debentures Due On 15 December, 2031 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [2] | Cutia | |||
Issue | [2] | 1st | |||
Allocation | [2] | Construction and implementation of wind generating plants. | |||
Guarantees | [2] | Personal guarantee | |||
Issue date | [2] | Mar. 20, 2019 | |||
Number of installments | [2] | 26 | |||
Final maturity | [2] | Dec. 15, 2031 | |||
Payment of chages | [2] | Half-yearly | |||
Contractual financial charges p.y. | [2] | IPCA + 5.8813% | |||
Effective interest rate p.y. | [2] | IPCA+ 6.83% | |||
Contract amount | [2] | R$ 360000 | |||
Debentures | [2] | R$ 352829 | |||
Debentures Due On 15 December, 2021 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [5] | Compagás | |||
Issue | [5] | 2nd | |||
Allocation | [5] | Issuer's investment plan fund. | |||
Guarantees | [5] | Floating | |||
Issue date | [5] | Apr. 15, 2016 | |||
Number of installments | [5] | 54 | |||
Final maturity | [5] | Dec. 15, 2021 | |||
Payment of chages | [5] | Quarterly | |||
Contractual financial charges p.y. | [5] | TJLP + 2.17% | |||
Effective interest rate p.y. | [5] | TJLP + 2.17% | |||
Contract amount | [5] | R$ 33620 | |||
Debentures | [5] | R$ 6001 | 8,973 | ||
Debentures Due On 15 December, 2018 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [6] | Compagás | |||
Issue | [6] | 3rd | |||
Allocation | [6] | Issuer's investment plan fund. | |||
Guarantees | [6] | Real | |||
Issue date | [6] | Dec. 17, 2019 | |||
Number of installments | [6] | 18 | |||
Final maturity | [6] | Jun. 28, 2021 | |||
Payment of chages | [6] | Monthly | |||
Contractual financial charges p.y. | [6] | DI + Spread 0.88% p.a. | |||
Effective interest rate p.y. | [6] | 5.68% p.a. | |||
Contract amount | [6] | R$ 43000 | |||
Debentures | [6] | R$ 44746 | |||
Debentures Due On 15 December, 2021 [Member] | |||||
Disclosure of detailed information about borrowings [line items] | |||||
Company | [5] | Compagás | |||
Issue | [5] | 2nd | |||
Allocation | [5] | Issuer's investment plan fund. | |||
Guarantees | [5] | Floating | |||
Issue date | [5] | Apr. 15, 2016 | |||
Number of installments | [5] | 54 | |||
Final maturity | [5] | Dec. 15, 2021 | |||
Payment of chages | [5] | Quarterly | |||
Contractual financial charges p.y. | [5] | SELIC + 2.17% | |||
Effective interest rate p.y. | [5] | SELIC + 2.17% | |||
Contract amount | [5] | ||||
Debentures | [5] | R$ 5782 | R$ 8678 | ||
[1] | Simple debentures, single series, not convertible into shares, unsecured, for public distribution with restricted placement efforts, according to CVM No. 476. Guarantor: Copel. Trustee: Pentagono S.A. DTVM. | ||||
[2] | Simple debentures, single series, not convertible into shares, with security interest and additional personal guarantee, for public distribution with restricted efforts, pursuant to CVM Instruction No. 476. | ||||
[3] | Simple debentures, two series, not convertible into shares, unsecured, for public distribution with restricted placement efforts, according to CVM No. 476. Guarantor: Copel. Trustee: Pentagono S.A. DTVM. | ||||
[4] | Simple debentures, two series, not convertible into shares, issued privately. Companies: Nova Asa Branca I, Nova Asa Branca II, Nova Asa Branca III, Nova Eurus e Ventos de Santo Uriel. Guarantor: Copel. They have no trustee. | ||||
[5] | Simple registered debentures, single series, with private issue and exclusive placement by BNDESPAR. Guarantor: Compagas. Trustee: BNDES Participacoes S.A. BNDESPAR. | ||||
[6] | Simple and registered debentures, with a single series, in private issue, with public distribution of restricted efforts. Guarantor: Compagas. Trustee: Simplific Pavarini DTVM Ltda. |
22 Debentures (Details 1)
22 Debentures (Details 1) R$ in Thousands | Dec. 31, 2019BRL (R$) |
Disclosure of detailed information about borrowings [line items] | |
Gross debt | R$ 7349883 |
Transaction cost | (84,474) |
Net debt | 7,265,409 |
2021 [Member] | |
Disclosure of detailed information about borrowings [line items] | |
Gross debt | 1,851,659 |
Transaction cost | (20,991) |
Net debt | 1,830,668 |
2022 [Member] | |
Disclosure of detailed information about borrowings [line items] | |
Gross debt | 2,393,255 |
Transaction cost | (20,900) |
Net debt | 2,372,355 |
2023 [Member] | |
Disclosure of detailed information about borrowings [line items] | |
Gross debt | 1,290,978 |
Transaction cost | (13,143) |
Net debt | 1,277,835 |
2024 [Member] | |
Disclosure of detailed information about borrowings [line items] | |
Gross debt | 640,764 |
Transaction cost | (7,438) |
Net debt | 633,326 |
2025 [Member] | |
Disclosure of detailed information about borrowings [line items] | |
Gross debt | 478,666 |
Transaction cost | (5,505) |
Net debt | 473,161 |
After 2025 [Member] | |
Disclosure of detailed information about borrowings [line items] | |
Gross debt | 694,561 |
Transaction cost | (16,497) |
Net debt | R$ 678064 |
22 Debentures (Details 2)
22 Debentures (Details 2) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Of Debentures Abstract | ||
Debentures, beginning balance | R$ 7518131 | R$ 6070978 |
Funding | 2,965,028 | 2,890,283 |
Charges and monetary variations | 623,795 | 549,539 |
Amortization - principal | (1,977,125) | (1,491,667) |
Payment - charges | (700,119) | (501,002) |
Debentures, ending balance | R$ 8429710 | R$ 7518131 |
22 Debentures (Details 3)
22 Debentures (Details 3) | 12 Months Ended | |
Dec. 31, 2019 | ||
Debentures [Member] | Copel Geracao e Transmissao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel GeT | |
Contract | 1st issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
Debentures [Member] | Copel Telecomunicacoes S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel TEL | |
Contract | 1st issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
Debentures [Member] | Compagas [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Compagás | |
Contract | 3rd issue of Debentures | |
Annual financial index | Net debt / EBTIDA | |
Limit | ≤ 3.5 | |
3rd Issue De Debentures [Member] | Copel Geracao e Transmissao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel GeT | |
Contract | 3rd issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
3rd Issue De Debentures [Member] | Copel Distribuicao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel DIS | |
Contract | 3rd issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
3rd Issue De Debentures [Member] | Copel Telecomunicacoes S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel TEL | |
Contract | 3rd issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
3rd Issue De Debentures [Member] | Ventos de Santo Uriel [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Cutia | |
Contract | 1st issue of Debentures | |
Annual financial index | Debt service coverage ratio | [1] |
Limit | ≥ 1.2 | |
4th Issue De Debentures [Member] | Copel Geracao e Transmissao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel GeT | |
Contract | 3rd issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
4th Issue De Debentures [Member] | Copel Distribuicao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel DIS | |
Contract | 4th issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
5th Issue De Debentures [Member] | Copel Distribuicao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel DIS | |
Contract | 5th issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
2nd Issue De Debentures [Member] | Copel Telecomunicacoes S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel TEL | |
Contract | 2nd issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
2nd Issue De Debentures [Member] | Compagas [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Compagás | |
Contract | 2nd issue of Debentures | |
Annual financial index | Net debt / EBTIDA General Indebtedness | |
Limit | ≤ 3.5 ≤ 0.7 | |
2nd Issue De Debentures [Member] | Nova Asa Branca I [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Nova Asa Branca I | |
Contract | 2nd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.3 | |
2nd Issue De Debentures [Member] | Nova Asa Branca II [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Nova Asa Branca II | |
Contract | 2nd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.3 | |
2nd Issue De Debentures [Member] | Nova Asa Branca III [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Nova Asa Branca III | |
Contract | 2nd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.3 | |
2nd Issue De Debentures [Member] | Nova Eurus IV [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Nova Eurus IV | |
Contract | 2nd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.3 | |
2nd Issue De Debentures [Member] | Ventos de Santo Uriel [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Ventos de Santo Uriel | |
Contract | 2nd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.3 | |
Debentures [Member] | Copel Geracao e Transmissao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel GeT | |
Contract | 1st issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
3rd Issue De Debentures [Member] | Copel Geracao e Transmissao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel GeT | |
Contract | 3rd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
4th Issue De Debentures [Member] | Copel Geracao e Transmissao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel GeT | |
Contract | 3rd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
3rd Issue De Debentures [Member] | Copel Distribuicao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel DIS | |
Contract | 3rd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
4th Issue De Debentures [Member] | Copel Distribuicao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel DIS | |
Contract | 4th issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
5th Issue De Debentures [Member] | Copel Distribuicao S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel DIS | |
Contract | 5th issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
Debentures [Member] | Copel Telecomunicacoes S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel TEL | |
Contract | 1st issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
2nd Issue De Debentures [Member] | Copel Telecomunicacoes S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel TEL | |
Contract | 2nd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
3rd Issue De Debentures [Member] | Copel Telecomunicacoes S.A. [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel TEL | |
Contract | 3rd issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
Copel [Member] | 7th Issue De Debentures [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel | |
Contract | 7th issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
Copel [Member] | 8th Issue De Debentures [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel | |
Contract | 8th issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≥ 1.5 | |
Copel [Member] | 5th Issue De Debentures [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel | |
Contract | 5th issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
Copel [Member] | 6th Issue De Debentures [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel | |
Contract | 6th issue of Debentures | |
Annual financial index | Consolidated net debt / Consolidated EBITDA | |
Limit | ≤ 3.5 | |
Copel [Member] | 7th Issue De Debentures [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel | |
Contract | 7th issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
Copel [Member] | 8th Issue De Debentures [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel | |
Contract | 8th issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
Copel [Member] | 5th Issue De Debentures [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel | |
Contract | 5th issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
Copel [Member] | 6th Issue De Debentures [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Company name | Copel | |
Contract | 6th issue of Debentures | |
Annual financial index | Debt service coverage ratio | |
Limit | ≥ 1.5 | |
[1] | financial ratio calculated based on the amounts of the consolidated financial statements of Cutia Empreendimentos Eolicos S.A. |
23 Post-employment Benefits (De
23 Post-employment Benefits (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | R$ 1194936 | R$ 968763 | R$ 866103 |
Post-employment benefits, current | 66,004 | 58,478 | |
Post-employment benefits, noncurrent | 1,128,932 | 910,285 | |
Pension Plans [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | 1,537 | 1,149 | |
Healthcare Plans [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | R$ 1193399 | R$ 967614 |
23 Post-employment benefits (_2
23 Post-employment benefits (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | R$ 238326 | R$ 243750 | R$ 237597 |
Management [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | 1,560 | 1,725 | 1,690 |
Pension Plans [Member] | Management [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | 1,450 | 1,598 | 1,500 |
Healthcare Plan [Member] | Management [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | 110 | 127 | 190 |
Employees [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | 236,766 | 242,025 | 235,907 |
Employees [Member] | Pension Plans [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | 72,067 | 78,209 | 78,680 |
Employees [Member] | Healthcare Plan - Post Employment [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | 99,578 | 97,866 | 97,511 |
Employees [Member] | Healthcare Plan - Active Employees [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | 87,515 | 86,580 | 81,617 |
Employees [Member] | Transfers To Construction In Progress [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Post-employment benefits | R$ 22394 | R$ 20630 | R$ 21901 |
23 Post-employment benefits (_3
23 Post-employment benefits (Details 2) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Post-Employment Benefits [Roll Forward] | ||
Post-employment benefits, balance at beginning | R$ 968763 | R$ 866103 |
Appropriation of actuarial calculation | 99,578 | 97,900 |
Appropriation of pension and healthcare contributions | 138,974 | 151,215 |
Adjustment related to actuarial gains (loss) | 186,628 | 58,354 |
Amortizations | (199,007) | (204,809) |
Post-employment benefits, balance at ending | R$ 1194936 | R$ 968763 |
23 Post-employment benefits (_4
23 Post-employment benefits (Details 3) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Inflation P.Y. [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Real rate | ||
Nominal rate | 2.90% | 4.00% |
Expected Rate Of Discount/Return P.Y. [Member] | Unified Plan Defined Benefit [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Real rate | 3.05% | 4.60% |
Nominal rate | 6.04% | 8.78% |
Expected Rate Of Discount/Return P.Y. [Member] | Unified Plan - Balance [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Real rate | 3.20% | 4.60% |
Nominal rate | 6.19% | 8.78% |
Expected Rate Of Discount/Return P.Y. [Member] | Plan III [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Real rate | 3.20% | 4.60% |
Nominal rate | 6.19% | 8.78% |
Expected Rate Of Discount/Return P.Y. [Member] | Assistance Plan [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Real rate | 3.30% | 4.60% |
Nominal rate | 6.30% | 8.78% |
Salary Growth [Member] | Plan III [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Real rate | 1.50% | 1.50% |
Nominal rate | 4.44% | 5.56% |
Salary Growth [Member] | Unified Plan [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Real rate | 1.00% | 2.00% |
Nominal rate | 3.93% | 6.08% |
Demographic [Member] | Mortality Table [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Nominal assumption | AT - 2000 | AT - 2000 |
Demographic [Member] | Mortality Table Of Individuals With Permanent Disability [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Nominal assumption | WINKLEVOSS | WINKLEVOSS |
Demographic [Member] | Table Of New Disability Benefit Vested [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Nominal assumption | TASA 1927 | TASA 1927 |
23 Post-employment benefits (_5
23 Post-employment benefits (Details 4) - Participants | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Unified Plan [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Number of active participants | 27 | 33 |
Number of inactive participants | 4,337 | 4,368 |
Number of dependent people | ||
Total | 4,364 | 4,401 |
Plan III [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Number of active participants | 7,647 | 8,180 |
Number of inactive participants | 4,324 | 3,843 |
Total | 11,971 | 12,023 |
Assistance Plan [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Number of active participants | 6,963 | 7,427 |
Number of inactive participants | 8,433 | 8,174 |
Number of dependent people | 22,183 | 22,472 |
Total | 37,579 | 38,073 |
23 Post-employment benefits (_6
23 Post-employment benefits (Details 5) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Unified Plan [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Retired participants life expectancy | 13 years 1 month 17 days | 14 years 4 months 13 days |
Pensioner participants life expectancy | 8 years 5 months 24 days | 15 years 8 months 5 days |
Plan III [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Retired participants life expectancy | 25 years 10 months 2 days | 22 years 9 months 26 days |
Pensioner participants life expectancy | 25 years 10 months 2 days | 27 years 2 months 16 days |
23 Post-employment benefits (_7
23 Post-employment benefits (Details 6) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of defined benefit plans [line items] | ||||
Total liabilities or partially covered | R$ 11074608 | R$ 9201030 | ||
Fair value of the plan assets | (10,880,721) | (8,642,068) | ||
Plan coverage status | 193,887 | 558,962 | ||
Unrecognized asset | 999,512 | 408,652 | ||
Total | 1,193,399 | 967,614 | ||
Unified Plan [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Total liabilities or partially covered | 6,638,462 | 5,914,764 | R$ 5352894 | R$ 4951078 |
Fair value of the plan assets | (7,546,756) | (6,290,841) | (5,834,572) | |
Plan coverage status | (908,294) | |||
Unrecognized asset | 908,294 | |||
Total | ||||
Plan III [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Total liabilities or partially covered | 3,046,536 | 2,145,661 | 1,734,568 | 1,565,121 |
Fair value of the plan assets | (3,137,754) | (2,178,236) | (1,821,055) | |
Plan coverage status | (91,218) | |||
Unrecognized asset | 91,218 | |||
Total | ||||
Assistance Plan [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Total liabilities or partially covered | 1,389,610 | 1,140,605 | 1,035,957 | R$ 933914 |
Fair value of the plan assets | (196,211) | R$ 172991 | R$ 170923 | |
Plan coverage status | 1,193,399 | |||
Unrecognized asset | ||||
Total | R$ 1193399 |
23 Post-employment benefits (_8
23 Post-employment benefits (Details 7) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Actuarial Obligations [Roll Forward] | |||
Present value of net actuarial obligations, beginning balance | R$ 9201030 | ||
Present value of net actuarial obligations, ending balance | 11,074,608 | R$ 9201030 | |
Unified Plan [Member] | |||
Actuarial Obligations [Roll Forward] | |||
Present value of net actuarial obligations, beginning balance | 5,914,764 | 5,352,894 | R$ 4951078 |
Cost of services | 560 | 589 | 329 |
Cost of interest | 477,732 | 533,201 | 563,257 |
Benefits paid | (435,454) | (414,256) | (406,023) |
Actuarial (gain) losses | 680,860 | 442,336 | 244,253 |
Present value of net actuarial obligations, ending balance | 6,638,462 | 5,914,764 | 5,352,894 |
Plan III [Member] | |||
Actuarial Obligations [Roll Forward] | |||
Present value of net actuarial obligations, beginning balance | 2,145,661 | 1,734,568 | 1,565,121 |
Cost of services | 4,098 | 9,604 | 10,502 |
Cost of interest | 128,075 | 195,991 | 176,878 |
Benefits paid | (174,427) | (133,281) | (122,841) |
Actuarial (gain) losses | 943,129 | 338,779 | 104,908 |
Present value of net actuarial obligations, ending balance | 3,046,536 | 2,145,661 | 1,734,568 |
Assistance Plan [Member] | |||
Actuarial Obligations [Roll Forward] | |||
Present value of net actuarial obligations, beginning balance | 1,140,605 | 1,035,957 | 933,914 |
Cost of services | 14,306 | 11,633 | 9,225 |
Cost of interest | 106,004 | 102,916 | 105,987 |
Benefits paid | (30) | (7) | (7) |
Actuarial (gain) losses | 128,725 | (9,894) | (13,162) |
Present value of net actuarial obligations, ending balance | R$ 1389610 | R$ 1140605 | R$ 1035957 |
23 Post-employment benefits (_9
23 Post-employment benefits (Details 8) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of defined benefit plans [line items] | |||
Fair value of the plan's assets, ending balance | R$ 10880721 | R$ 8642068 | |
Unified Plan [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Fair value of the plan's assets, beginning balance | 6,290,841 | 5,834,572 | R$ 5478802 |
Return estimated for assets | 685,685 | 593,572 | 546,699 |
Contributions and distributions | 23,851 | 24,011 | 30,520 |
Benefits paid | (435,454) | (414,256) | (406,023) |
Actuarial gain (losses) | 981,833 | 252,942 | 184,574 |
Fair value of the plan's assets, ending balance | 7,546,756 | 6,290,841 | 5,834,572 |
Plan III [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Fair value of the plan's assets, beginning balance | 2,178,236 | 1,821,055 | 1,793,516 |
Return estimated for assets | 337,476 | 230,703 | 202,691 |
Contributions and distributions | 4,185 | 9,184 | 10,505 |
Benefits paid | (174,427) | (133,281) | (122,841) |
Actuarial gain (losses) | 792,284 | 250,575 | (62,816) |
Fair value of the plan's assets, ending balance | 3,137,754 | 2,178,236 | 1,821,055 |
Assistance Plan [Member] | |||
Disclosure of defined benefit plans [line items] | |||
Fair value of the plan's assets, beginning balance | 172,991 | 170,923 | 165,301 |
Return estimated for assets | 51,541 | 16,579 | 23,934 |
Contributions and distributions | |||
Benefits paid | |||
Actuarial gain (losses) | (28,321) | (14,511) | (18,312) |
Fair value of the plan's assets, ending balance | R$ 196211 | R$ 172991 | R$ 170923 |
23 Post-employment benefits _10
23 Post-employment benefits (Details 9) R$ in Thousands | 12 Months Ended |
Dec. 31, 2020BRL (R$) | |
Plan III [Member] | |
Disclosure of defined benefit plans [line items] | |
Cost of current service | R$ 4037 |
Estimated cost of interest | 183,865 |
Expected return on plan assets | (183,026) |
Expected employee contributions | (2,018) |
Costs (income or loss) | 2,858 |
Assistance Plan [Member] | |
Disclosure of defined benefit plans [line items] | |
Cost of current service | 20,854 |
Estimated cost of interest | 85,561 |
Expected return on plan assets | (12,066) |
Expected employee contributions | |
Costs (income or loss) | 94,349 |
Unified Plan [Member] | |
Disclosure of defined benefit plans [line items] | |
Cost of current service | 765 |
Estimated cost of interest | 405,370 |
Expected return on plan assets | (449,905) |
Expected employee contributions | (187) |
Costs (income or loss) | R$ 43957 |
23 Post-employment benefits _11
23 Post-employment benefits (Details 10) R$ in Thousands | Dec. 31, 2019BRL (R$) |
Increase By 1% [Member] | |
Sensitivity of long-term interest rate | |
Impacts on the obligations of the pension | R$ 249719 |
Impacts on the obligations of healthcare program | (120,756) |
Sensitivity of growth rate of the medical costs | |
Impacts on the obligations of healthcare program | 96,823 |
Impact on cost of service for the following financial year of healthcare program | 1,439 |
Sensitivity of the service cost | |
Impacts on the obligations of the pension | 39 |
Impacts on the obligations of healthcare program | 1,788 |
Decrease In 1% [Member] | |
Sensitivity of long-term interest rate | |
Impacts on the obligations of the pension | 253,420 |
Impacts on the obligations of healthcare program | 122,130 |
Sensitivity of growth rate of the medical costs | |
Impacts on the obligations of healthcare program | (90,471) |
Impact on cost of service for the following financial year of healthcare program | (1,344) |
Sensitivity of the service cost | |
Impacts on the obligations of the pension | (40) |
Impacts on the obligations of healthcare program | R$ 1808 |
23 Post-employment benefits _12
23 Post-employment benefits (Details 11) R$ in Thousands | 12 Months Ended |
Dec. 31, 2019BRL (R$) | |
Less Than 1 Year [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | R$ 670468 |
2021 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 658,691 |
2022 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 642,335 |
2023 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 624,527 |
2024 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 606,778 |
2025 - 2049 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 7,119,437 |
Unified Plan [Member] | Less Than 1 Year [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 429,228 |
Unified Plan [Member] | 2021 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 418,133 |
Unified Plan [Member] | 2022 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 406,885 |
Unified Plan [Member] | 2023 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 395,134 |
Unified Plan [Member] | 2024 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 383,511 |
Unified Plan [Member] | 2025 - 2049 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 4,016,371 |
Plan III [Member] | Less Than 1 Year [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 158,427 |
Plan III [Member] | 2021 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 154,433 |
Plan III [Member] | 2022 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 149,999 |
Plan III [Member] | 2023 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 145,567 |
Plan III [Member] | 2024 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 141,302 |
Plan III [Member] | 2025 - 2049 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 2,011,843 |
Assistance Plan [Member] | Less Than 1 Year [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 82,813 |
Assistance Plan [Member] | 2021 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 86,125 |
Assistance Plan [Member] | 2022 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 85,451 |
Assistance Plan [Member] | 2023 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 83,826 |
Assistance Plan [Member] | 2024 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | 81,965 |
Assistance Plan [Member] | 2025 - 2049 [Member] | |
DisclosureOfBenefitsPayableLineItems [Line Items] | |
Benefits payable | R$ 1091223 |
23 Post-employment benefits _13
23 Post-employment benefits (Details 12) | 12 Months Ended | |
Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of defined benefit plans [line items] | ||
Asset allocation | 100.00% | 100.00% |
Fixed Income [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Asset allocation | 70.40% | 82.20% |
Variable Income [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Asset allocation | 9.10% | 7.80% |
Loans [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Asset allocation | 1.60% | 1.60% |
Real Estate [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Asset allocation | 7.20% | 1.40% |
Investment Structuring [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Asset allocation | 8.90% | 7.10% |
Investments Abroad [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Asset allocation | 2.80% | 0.00% |
23 Post-employment benefits _14
23 Post-employment benefits (Details 13) | 12 Months Ended | |
Dec. 31, 2019 | ||
Unified Plan [Member] | Fixed Income [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 86.50% | [1] |
Minimum limit | 55.00% | |
Unified Plan [Member] | Variable Income [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 5.00% | [1] |
Minimum limit | 1.00% | |
Unified Plan [Member] | Loans [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 0.50% | [1] |
Minimum limit | 0.00% | |
Unified Plan [Member] | Real Estate [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 5.00% | [1] |
Minimum limit | 1.00% | |
Unified Plan [Member] | Investment Structuring [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 3.00% | [1] |
Minimum limit | 0.00% | |
Unified Plan [Member] | Investments Abroad [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 0.00% | [1] |
Minimum limit | 0.00% | |
Plan III [Member] | Fixed Income [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 51.00% | |
Minimum limit | 23.00% | |
Plan III [Member] | Variable Income [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 14.00% | |
Minimum limit | 8.00% | |
Plan III [Member] | Loans [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 3.00% | |
Minimum limit | 1.00% | |
Plan III [Member] | Real Estate [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 10.00% | |
Minimum limit | 0.00% | |
Plan III [Member] | Investment Structuring [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 16.00% | |
Minimum limit | 0.00% | |
Plan III [Member] | Investments Abroad [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Target limit | 6.00% | |
Minimum limit | 0.00% | |
[1] | Target based on the total investment of each plan. |
23 Post-employment benefits _15
23 Post-employment benefits (Details 14) - shares | Dec. 31, 2019 | Dec. 31, 2018 |
Unified Plan [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Debentures | ||
Shares | 5 | |
Defined benefit pension plan securities | 5 | |
Plan III [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Debentures | 4,166 | |
Shares | 13 | |
Defined benefit pension plan securities | 4,179 |
23 Post-employment benefits _16
23 Post-employment benefits (Details Narrative) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of defined benefit plans [line items] | ||
Actuarial gain | R$ 186628 | R$ 58354 |
Variable Income [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Legal limit | 70.00% | |
Healthcare Plan [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Average age of inactive participants | 66 years 7 months 6 days | |
Pension Plans [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Average age of inactive participants | 65 years 10 months 24 days | |
Plan III [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Surplus | R$ 91218 | 32,732 |
Contributions of all active employees | 70,564 | 77,797 |
Unified Plan [Member] | ||
Disclosure of defined benefit plans [line items] | ||
Surplus | R$ 908294 | R$ 376077 |
24 Sectorial Charges Due (Detai
24 Sectorial Charges Due (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
DisclosureOfCustomerChargesDueLineItems [Line Items] | ||
Customer charges due | R$ 28508 | R$ 79872 |
Energy Development Account (CDE) [Member] | ||
DisclosureOfCustomerChargesDueLineItems [Line Items] | ||
Customer charges due | 4,104 | 73,549 |
Global Reversal Reserve (RGR) [Member] | ||
DisclosureOfCustomerChargesDueLineItems [Line Items] | ||
Customer charges due | 12,068 | 6,323 |
Tariff flags [Member] | ||
DisclosureOfCustomerChargesDueLineItems [Line Items] | ||
Customer charges due | R$ 12336 | R$ 0 |
25 Research and Development a_3
25 Research and Development and Energy Efficiency (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Amounts payable, before any related prepayments | R$ 222550 | ||
Amounts payable to regulatory agencies | 22,479 | ||
Other amounts payable | 413,142 | ||
Research and development and energy efficiency | 658,171 | R$ 592735 | R$ 532475 |
Research and development and energy efficiency, current | 375,395 | 270,429 | |
Research and development and energy efficiency, noncurrent | 282,776 | 322,306 | |
MME [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Research and development and energy efficiency | 2,023 | 2,361 | 2,616 |
FNDCT [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Research and development and energy efficiency | 4,046 | 4,725 | 5,232 |
P&D [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Research and development and energy efficiency | 341,658 | 327,626 | R$ 316121 |
Research and Development - R&D [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Amounts payable, before any related prepayments | 174,032 | ||
Amounts payable to regulatory agencies | 6,069 | ||
Other amounts payable | 167,626 | ||
Research and development and energy efficiency | 347,727 | 334,712 | |
Research and Development - R&D [Member] | National Fund for Scientific and Technological Development - FNDCT [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Amounts payable to regulatory agencies | 4,046 | ||
Research and development and energy efficiency | 4,046 | ||
Research and Development - R&D [Member] | MME [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Amounts payable to regulatory agencies | 2,023 | ||
Research and development and energy efficiency | 2,023 | ||
Research and Development - R&D [Member] | R&D [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Amounts payable, before any related prepayments | 174,032 | ||
Other amounts payable | 167,626 | ||
Research and development and energy efficiency | 341,658 | ||
Energy efficiency program - EEP [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Amounts payable, before any related prepayments | 48,518 | ||
Amounts payable to regulatory agencies | 16,410 | ||
Other amounts payable | 245,516 | ||
Research and development and energy efficiency | 310,444 | 258,023 | |
Energy efficiency program - EEP [Member] | National Program of electricity conservation - Procel [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Amounts payable to regulatory agencies | 16,410 | ||
Research and development and energy efficiency | 16,410 | 15,792 | |
Energy efficiency program - EEP [Member] | EEP [Member] | |||
DisclosureOfResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | |||
Amounts payable, before any related prepayments | 48,518 | ||
Other amounts payable | 245,516 | ||
Research and development and energy efficiency | R$ 294034 | R$ 242231 |
25 Research and Development a_4
25 Research and Development and Energy Efficiency (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
DisclosureOfChangesInResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | ||
Research and development and energy efficiency, beginning | R$ 592735 | R$ 532475 |
Effect of acquisition of control of Costa Oeste and Marumbi | 1,494 | 499 |
Additions | 127,432 | 123,306 |
Performance agreement | 3,246 | 2,063 |
Interest rate | 24,570 | 25,407 |
Payments | (54,166) | (47,575) |
Concluded projects | (37,140) | (43,440) |
Research and development and energy efficiency, ending | 658,171 | 592,735 |
FNDCT [Member] | ||
DisclosureOfChangesInResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | ||
Research and development and energy efficiency, beginning | 4,725 | 5,232 |
Effect of acquisition of control of Costa Oeste and Marumbi | 20 | 23 |
Additions | 32,311 | 31,186 |
Performance agreement | 0 | |
Interest rate | 0 | |
Payments | (33,010) | (31,716) |
Concluded projects | 0 | |
Research and development and energy efficiency, ending | 4,046 | 4,725 |
MME [Member] | ||
DisclosureOfChangesInResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | ||
Research and development and energy efficiency, beginning | 2,361 | 2,616 |
Effect of acquisition of control of Costa Oeste and Marumbi | 10 | 9 |
Additions | 16,155 | 15,595 |
Performance agreement | 0 | |
Interest rate | 0 | |
Payments | (16,503) | (15,859) |
Concluded projects | 0 | |
Research and development and energy efficiency, ending | 2,023 | 2,361 |
P&D [Member] | ||
DisclosureOfChangesInResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | ||
Research and development and energy efficiency, beginning | 327,626 | 316,121 |
Effect of acquisition of control of Costa Oeste and Marumbi | 1,464 | 467 |
Additions | 32,312 | 31,188 |
Performance agreement | 0 | |
Interest rate | 10,627 | 12,627 |
Payments | 0 | |
Concluded projects | (30,371) | (32,777) |
Research and development and energy efficiency, ending | 341,658 | 327,626 |
Procel [Member] | ||
DisclosureOfChangesInResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | ||
Research and development and energy efficiency, beginning | 15,792 | 6,041 |
Effect of acquisition of control of Costa Oeste and Marumbi | 0 | |
Additions | 9,333 | 9,067 |
Performance agreement | 0 | |
Interest rate | 51 | 684 |
Transfers | (3,123) | |
Payments | (5,643) | 0 |
Concluded projects | 0 | |
Research and development and energy efficiency, ending | 16,410 | 15,792 |
PEE [Member] | ||
DisclosureOfChangesInResearchAndDevelopmentAndEnergyEfficiencyLineItems [Line Items] | ||
Research and development and energy efficiency, beginning | 242,231 | 202,465 |
Effect of acquisition of control of Costa Oeste and Marumbi | 0 | |
Additions | 37,321 | 36,270 |
Performance agreement | 3,246 | 2,063 |
Interest rate | 13,892 | 12,096 |
Transfers | 3,123 | |
Payments | 990 | 0 |
Concluded projects | (6,769) | (10,663) |
Research and development and energy efficiency, ending | R$ 294034 | R$ 242231 |
26 Accounts Payable Related t_3
26 Accounts Payable Related to Concessions (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | R$ 612587 | R$ 584163 | R$ 554954 |
Accounts payable related to concession, current | 73,032 | 67,858 | |
Accounts payable related to concession, noncurrent | R$ 539555 | 516,305 | |
HPP Maua [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Public property name | HPP Maua | ||
Company | Copel GeT | ||
Grant | Jun. 29, 2007 | ||
Signature | Jul. 3, 2007 | ||
Closing | 07.2042 | ||
Discount rate | 5.65% p.y. | ||
Annual adjustment | IPCA | ||
Accounts payable related to concession | R$ 16890 | 16,709 | |
HPP Colider [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Public property name | HPP Colider | ||
Company | Copel GeT | ||
Grant | Dec. 29, 2010 | ||
Signature | Jan. 17, 2011 | ||
Closing | 01.2046 | ||
Discount rate | 7.74% p.y. | ||
Annual adjustment | IPCA | ||
Accounts payable related to concession | R$ 24353 | 23,864 | |
HPP Baixo Iguacu [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Public property name | HPP Baixo Iguacu | ||
Company | Copel GeT | ||
Grant | Jul. 19, 2012 | ||
Signature | Aug. 20, 2012 | ||
Closing | 01.2047 | ||
Discount rate | 7.74% p.y. | ||
Annual adjustment | IPCA | ||
Accounts payable related to concession | R$ 7588 | 7,412 | |
HPP Derivacao Rio Jordao [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Public property name | HPP Derivacao Rio Jordao | ||
Company | Copel GeT | ||
Grant | Jul. 11, 2013 | ||
Signature | Feb. 24, 2014 | ||
Closing | 02.2019 | ||
Discount rate | 7.74% p.y. | ||
Annual adjustment | IPCA | ||
Accounts payable related to concession | R$ 563756 | 47 | |
HPP Fundao e HPP Santa Clara [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Public property name | HPP Fundao e HPP Santa Clara | ||
Company | Elejor | ||
Grant | Oct. 23, 2001 | ||
Signature | Oct. 25, 2001 | ||
Closing | 10.2036 | ||
Discount rate | 11.00% p.y. | ||
Annual adjustment | IGPM | ||
Accounts payable related to concession | R$ 536131 |
26 Accounts Payable Related t_4
26 Accounts Payable Related to Concessions (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Accounts Payable Related To Concessions | ||
Accounts payable related to concession, beginning | R$ 584163 | R$ 554954 |
Additions | 302 | |
Adjust to present value | (668) | (114) |
Monetary variations | 99,661 | 93,386 |
Payments | (70,569) | (64,365) |
Accounts payable related to concession, ending | R$ 612587 | R$ 584163 |
26 Accounts Payable Related t_5
26 Accounts Payable Related to Concessions (Details 2) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | R$ 612587 | R$ 584163 | R$ 554954 |
Present value [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 612,587 | ||
Present value [Member] | 2020 [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 73,032 | ||
Present value [Member] | 2021 [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 64,387 | ||
Present value [Member] | 2022 [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 58,128 | ||
Present value [Member] | 2023 [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 52,482 | ||
Present value [Member] | After 2023 [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 364,558 | ||
Nominal value [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 1,309,938 | ||
Nominal value [Member] | 2020 [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 71,471 | ||
Nominal value [Member] | 2021 [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 71,471 | ||
Nominal value [Member] | 2022 [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 71,471 | ||
Nominal value [Member] | 2023 [Member] | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | 71,471 | ||
Nominal value [Member] | After 2023 | |||
DisclosureOfAccountsPayableRelatedToConcessionsLineItems [Line Items] | |||
Accounts payable related to concession | R$ 1024054 |
27 Right-of-use asset and lea_3
27 Right-of-use asset and lease liability (Details) R$ in Thousands | 12 Months Ended |
Dec. 31, 2019BRL (R$) | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Additions | R$ 9353 |
Remeasurement Adjustment | 3,884 |
Amortization | (34,205) |
Loss on disposal | (4,223) |
Initial adoption on end | 92,831 |
Real Estate [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Initial adoption on beginning | 57,461 |
Additions | 2,484 |
Remeasurement Adjustment | 914 |
Amortization | (17,705) |
Loss on disposal | (2,999) |
Initial adoption on end | 40,155 |
Vehicles [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Initial adoption on beginning | 57,564 |
Additions | 2,295 |
Remeasurement Adjustment | 2,970 |
Amortization | (15,205) |
Loss on disposal | (1,224) |
Initial adoption on end | 46,400 |
Equipment [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Initial adoption on beginning | 2,997 |
Additions | 4,574 |
Remeasurement Adjustment | |
Amortization | (1,295) |
Loss on disposal | |
Initial adoption on end | R$ 6276 |
27 Right-of-use asset and lea_4
27 Right-of-use asset and lease liability (Details 1) R$ in Thousands | 12 Months Ended |
Dec. 31, 2019BRL (R$) | |
Right of Use Asset And Lease Liability [Abstract] | |
Initial adoption on beginning | R$ 118022 |
Additions | 9,353 |
Remeasurement Adjustment | 3,884 |
Charges | 9,675 |
Amortization - principal | (30,946) |
Payment - charges | (9,130) |
Disposals | (4,254) |
Initial adoption on end | R$ 96604 |
27 Right-of-use asset and lea_5
27 Right-of-use asset and lease liability (Details 2) R$ in Thousands | Dec. 31, 2019BRL (R$) |
Right of Use Asset And Lease Liability [Abstract] | |
2021 | R$ 22734 |
2022 | 23,251 |
2023 | 8,285 |
2024 | 9,814 |
2025 | 1,252 |
After 2025 | 130 |
Maturity of noncurrent installments | 65,466 |
Embedded interest | (2,435) |
Lease Liabilities balance | R$ 63031 |
27 Right-of-use asset and lea_6
27 Right-of-use asset and lease liability (Details 3) - Cash Flow Hedges [Member] R$ in Thousands | Dec. 31, 2019BRL (R$) |
Lease Consideration [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Nominal | R$ 114341 |
Present value | 96,604 |
Potential Pis / Cofins [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Nominal | 8,320 |
Present value | R$ 7296 |
27 Right-of-use asset and lea_7
27 Right-of-use asset and lease liability (Details 4) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of quantitative information about right-of-use assets [line items] | ||
Lease liabilities | R$ 96604 | R$ 118022 |
Right to use assets | 92,831 | |
Depreciation expense | R$ 34205 | |
Lease liabilities, percent | 9.88% | |
Right to use assets, percent | 7.79% | |
Financial expense, percent | 6.88% | |
Depreciation expense, percent | 3.49% | |
Balance in Accordance with IFRS 16 [Member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Lease liabilities | R$ 96604 | |
Right to use assets | 92,831 | |
Financial expense | 9,675 | |
Depreciation expense | 34,205 | |
Inflation projected balance [Member] | ||
Disclosure of quantitative information about right-of-use assets [line items] | ||
Lease liabilities | 106,148 | |
Right to use assets | 100,061 | |
Financial expense | 10,341 | |
Depreciation expense | R$ 35398 |
27 Right-of-use asset and lea_8
27 Right-of-use asset and lease liability (Details 5) R$ in Thousands | Dec. 31, 2019BRL (R$) |
Disclosure of quantitative information about right-of-use assets [line items] | |
Commitments from leases and rents | R$ 194818 |
Less Than 1 Year [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Commitments from leases and rents | 6,347 |
1 to 5 Years [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Commitments from leases and rents | 29,645 |
Over 5 Years [Member] | |
Disclosure of quantitative information about right-of-use assets [line items] | |
Commitments from leases and rents | R$ 158826 |
27 Right-of-use asset and lea_9
27 Right-of-use asset and lease liability (Details Narrative) | 12 Months Ended |
Dec. 31, 2019 | |
Right of Use Asset And Lease Liability [Abstract] | |
Discount rate on last adoption | 5.85% |
Discount rate on initial adoption | 9.10% |
28 Other Accounts Payable (Deta
28 Other Accounts Payable (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | R$ 498869 | R$ 309024 | |
Other accounts payable, current | 149,407 | 192,070 | |
Other accounts payable, noncurrent | 349,462 | 116,954 | |
Fair value in the purchase and sale of power in the active market [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | 251,973 | 11,007 | |
Customers [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | [1] | 43,024 | 70,713 |
Obligations to customers in gas sales operations [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | [2] | 39,665 | 55,048 |
Public lighting rate collected [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | 38,805 | 28,337 | |
Aneel Order No. 084/2017 provision [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | 26,008 | 24,314 | |
Investment acquisition [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | 13,294 | 32,200 | |
Financial offset for the use of water resources [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | 12,535 | 20,820 | |
Pledges in guarantee [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | 9,257 | 10,026 | |
Reimbursements to customer contributions [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | 4,887 | 5,036 | |
Other liabilities [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | 58,218 | R$ 51523 | |
Forward contract - euro [Member] | |||
DisclosureOfOtherAccountsPayableLineItems [Line Items] | |||
Other accounts payable | R$ 1203 | ||
[1] | Of the balance at 12.31.2018, R$32,639 refers to amounts transferred from the Federal Government to Copel DIS, in accordance with ANEEL Directive Release No. 565/2018, for the reimbursement of consumers due to the exceeding amount collected from the Net Operating Revenue in the period from January 2010 to December 2012. There is no outstanding balance of this liability on 12.31.2019 | ||
[2] | Refers to amounts paid for the purchase of contracted gas volumes not yet taken by customers. |
29 Provisions for Legal Claim_3
29 Provisions for Legal Claims and Contingent Liabilities (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | |||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | R$ 1664773 | R$ 1512064 | ||
Provision for litigations, additions | 345,765 | 408,159 | ||
Provision for litigations, reversals | (81,651) | (161,634) | ||
Construction cost, additions/(rev.) | 9,521 | (568) | ||
Additions to assets | 8,121 | 26,645 | ||
Discharges | (367,548) | (144,171) | ||
Transfers/others | 27,732 | 24,278 | ||
Provisions for legal claims, ending | 1,606,713 | 1,664,773 | ||
Provisions for legal claims, current | 112,000 | |||
Provisions for legal claims, noncurrent | 1,606,713 | 1,664,773 | ||
Tax [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 157,097 | 138,541 | ||
Provision for litigations, additions | 9,148 | 30,577 | ||
Provision for litigations, reversals | (16,884) | (26,695) | ||
Construction cost, additions/(rev.) | ||||
Additions to assets | ||||
Discharges | (1,258) | (6,325) | ||
Transfers/others | 27,687 | 20,999 | ||
Provisions for legal claims, ending | 175,790 | 157,097 | ||
Tax [Member] | Cofins [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 102,603 | [1] | 79,748 | |
Provision for litigations, additions | 4,307 | 22,855 | ||
Provision for litigations, reversals | (2,626) | |||
Construction cost, additions/(rev.) | ||||
Additions to assets | ||||
Discharges | ||||
Transfers/others | ||||
Provisions for legal claims, ending | 104,284 | 102,603 | [1] | |
Tax [Member] | Others [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 54,494 | [2] | 58,793 | |
Provision for litigations, additions | 4,841 | 7,722 | ||
Provision for litigations, reversals | (14,258) | (26,695) | ||
Construction cost, additions/(rev.) | ||||
Additions to assets | ||||
Discharges | (1,258) | (6,325) | ||
Transfers/others | 27,687 | 20,999 | ||
Provisions for legal claims, ending | 71,506 | 54,494 | [2] | |
Labors [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 612,782 | 475,631 | ||
Provision for litigations, additions | 194,550 | 232,195 | ||
Provision for litigations, reversals | (23) | (2,400) | ||
Construction cost, additions/(rev.) | ||||
Additions to assets | ||||
Discharges | (134,247) | (92,644) | ||
Transfers/others | ||||
Provisions for legal claims, ending | 673,062 | 612,782 | ||
Employee Benefits [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 85,199 | [3] | 89,439 | |
Provision for litigations, additions | 27,426 | 11,089 | ||
Provision for litigations, reversals | (18,747) | (10,062) | ||
Construction cost, additions/(rev.) | ||||
Additions to assets | ||||
Discharges | (7,581) | (5,267) | ||
Transfers/others | ||||
Provisions for legal claims, ending | 86,297 | 85,199 | [3] | |
Civil [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 736,222 | 744,137 | ||
Provision for litigations, additions | 736,222 | 125,002 | ||
Provision for litigations, reversals | (45,451) | (122,338) | ||
Construction cost, additions/(rev.) | 9,521 | (568) | ||
Additions to assets | 8,121 | 26,645 | ||
Discharges | (223,417) | (39,935) | ||
Transfers/others | 45 | 3,279 | ||
Provisions for legal claims, ending | 591,756 | 736,222 | ||
Civil [Member] | Civil And Administrative Claims [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 492,934 | [4] | 527,613 | |
Provision for litigations, additions | 101,438 | 119,633 | ||
Provision for litigations, reversals | (36,271) | (118,652) | ||
Construction cost, additions/(rev.) | ||||
Additions to assets | ||||
Discharges | (221,139) | (36,005) | ||
Transfers/others | 345 | |||
Provisions for legal claims, ending | 336,962 | 492,934 | [4] | |
Civil [Member] | Easements [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 118,147 | [5] | 110,936 | |
Provision for litigations, additions | 711 | 2,179 | ||
Provision for litigations, reversals | (3,470) | (305) | ||
Construction cost, additions/(rev.) | 12,456 | (4,600) | ||
Additions to assets | 1,012 | 8,477 | ||
Discharges | (1,891) | (1,474) | ||
Transfers/others | 45 | 2,934 | ||
Provisions for legal claims, ending | 127,010 | 118,147 | [5] | |
Civil [Member] | Expropriations And Property [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 116,401 | [6] | 95,627 | |
Provision for litigations, additions | 2,844 | 156 | ||
Provision for litigations, reversals | (4,501) | (1,350) | ||
Construction cost, additions/(rev.) | (2,935) | 4,032 | ||
Additions to assets | 7,109 | 18,168 | ||
Discharges | (161) | (232) | ||
Transfers/others | ||||
Provisions for legal claims, ending | 118,757 | 116,401 | [6] | |
Civil [Member] | Customers [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 5,209 | [7] | 8,377 | |
Provision for litigations, additions | 390 | 464 | ||
Provision for litigations, reversals | (643) | (1,469) | ||
Construction cost, additions/(rev.) | ||||
Additions to assets | ||||
Discharges | (2,163) | |||
Transfers/others | ||||
Provisions for legal claims, ending | 4,956 | 5,209 | [7] | |
Civil [Member] | Environmental [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 3,531 | [8] | 1,584 | |
Provision for litigations, additions | 1,332 | 2,570 | ||
Provision for litigations, reversals | (566) | (562) | ||
Construction cost, additions/(rev.) | ||||
Additions to assets | ||||
Discharges | (566) | (61) | ||
Transfers/others | ||||
Provisions for legal claims, ending | 4,071 | 3,531 | [8] | |
Regulatory [Member] | ||||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||||
Provisions for legal claims, beginning | 73,473 | [9] | 64,316 | |
Provision for litigations, additions | 73,473 | 9,296 | ||
Provision for litigations, reversals | (546) | (139) | ||
Construction cost, additions/(rev.) | ||||
Additions to assets | ||||
Discharges | (1,045) | |||
Transfers/others | ||||
Provisions for legal claims, ending | R$ 79808 | R$ 73473 | [9] | |
[1] | Contribution for Social Security Funding (COFINS) Plaintiff: Federal Revenue of Brazil. Cofins payables and respective interest and fines from August 1995 to December 1996 due to the termination of a judicial decision that had recognized the Company's exemption from Cofins. Current status: awaiting judgment. | |||
[2] | Other tax provisions Lawsuits relating to federal, state and municipal taxes, fees and other charges. | |||
[3] | Employee benefits Labor claims comprise claims filed by retired former employees of the Company and its wholly-owned Controlled Companies against the Copel Foundation, which will have consequential impact on the Company and its wholly-owned subsidiaries, since additional contributions will be required. | |||
[4] | Civil and administrative claims Lawsuits involving billing, irregular procedures, administrative contracts and contractual fines, indemnity for accidents with the electric power network or vehicles. The balance also contains amounts being discussed by arbitration under confidentiality, in the discovery phase, with no decision having been handed down to date. The principal lawsuit is described below: Plaintiff: Tradener Ltda. Estimated amount: R$ 128,481 Class lawsuit No. 588/2006 has already been rendered final and unappeasable, and the ruling recognized as valid commissions payable by the Company to Tradener. In the civil public lawsuit No. 0000219- 78.2003.8.16.0004, filed by the Prosecution Office, a decision has also been rendered ruling on the absence of irregularities in the electric power purchase agreement. Therefore, Tradener brought recovery lawsuits, seeking to receive its commissions. Current status: Case record 0005990.22.2012.8.16.0004 - the Company was ordered to pay the amount of R$ 107,955, the restated amount by reference to the INPC/IBGE variation, from the maturity of the commissions, plus interest of 1% per month, as from the date of notification (October 31, 2012), as well as attorneys' fees. The Company filed an appeal against this decision, however, on November 8, 2016, by majority voting, the Court dismissed the appeal. Copel filed an application for Clarification of Ruling, which was partially granted for the ruling obscurity to be dispelled, although without changing the result of the appeal. Copel filed a Special Appeal, which was dismissed. Copel filed an Appeal to the Higher Court of Justice, which is pending judgmet. | |||
[5] | Easements Lawsuits are filed challenging expropriation when there is a difference between the amount determined by Copel for payment and the amount claimed by the property owner and/or when the owner's documentation supporting title to the property may not be registered (when probate proceedings are still in progress, properties have no registry number with the land registry, etc.).Cases may also arise from intervention in third-party adverse possession, either as a confronter, or in case of a property where there are areas of easement of passage, in order to preserve the limits and boundaries of expropriated areas. | |||
[6] | Expropriations and property Lawsuits are filed challenging expropriation when there is a difference between the amount determined by Copel for payment and the amount claimed by the property owner and/or when the owners documentation supporting title to the property may not be registered (in case probate proceedings are still in progress, properties have no registry number with the land registry, etc.).Possessory lawsuits include those for repossession of property owned by the concession operator.Litigation arises when there is a need to repossess properties invaded or occupied by third parties in areas owned by the Company.Cases may also arise from intervention in third-party adverse possession, or owners or occupants of contiguous properties or even in cases of properties to preserve limits and boundaries of expropriated areas. The main lawsuits are as follows:Plaintiff: property owner Estimated value: R$ 39,399 Expropriation lawsuit for construction of electric substation discussing the indemnity amount.Current status: lawsuit awaiting judgment at higher court.Plaintiff: property owner Estimated value: R$ 22,449 Lawsuit for the expropriation of the area used for the reservoir of the Maua Plant filed by Consorcio Energetico Cruzeiro do Sul, in which Copel GeT participates with 51%, which discusses the indemnity amount of the property that is in a submerged part. Current status: Lower court decision, motions to clarify were filed, which have not yet been judged. | |||
[7] | Consumers Lawsuits seeking compensation for damages caused in household appliances, industrial and commercial machines, lawsuits claiming damages for pain and suffering caused by service interruption and lawsuits filed by industrial consumers challenging the lawfulness of the increase in electricity prices while Plano Cruzado (anti-inflation economic plan) was in effect and claiming reimbursement for the amounts paid by the Company. | |||
[8] | Environmental Class lawsuits whose purpose is to obstruct the progress of environmental licensing for new projects or to recover permanent preservation areas located around the hydroelectric power plant dams unlawfully used by private individuals. If the outcome of the lawsuits is unfavorable to the Company, Management estimates only the cost to prepare new environmental studies and to recover the areas owned by Copel GeT. They also include the Commitment Agreements (TAC), which refer to the commitments agreed-upon and approved between the Company and the relevant bodies for noncompliance with any condition provided for by the Installation and Operating Licenses. | |||
[9] | Regulatory The Company is challenging, both at the administrative and judicial levels, notifications issued by the Regulatory Agency of alleged violations against regulations. The principal action is described below Plaintiffs: Companhia Estadual de Energia Eletrica - CEEE and Dona Francisca Energetica S.A. Estimated amount: R$ 53.120 Copel, Copel GeT and Copel DIS are challenging lawsuits filed against ANEELs decision No. 288/2002 involving these companies.'Current status: awaiting judgment. |
29 Provisions for Legal Claim_4
29 Provisions for Legal Claims and Contingent Liabilities (Details 1) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | |||
Contingent liabilities | R$ 3485149 | R$ 3052690 | |
Tax [Member] | |||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | |||
Contingent liabilities | [1] | 628,546 | 568,512 |
Labor [Member] | |||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | |||
Contingent liabilities | [2] | 419,917 | 311,777 |
Employee Benefits [Member] | |||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | |||
Contingent liabilities | [3] | 21,338 | 19,099 |
Civil [Member] | |||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | |||
Contingent liabilities | [4] | 1,273,928 | 1,286,466 |
Regulatory [Member] | |||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | |||
Contingent liabilities | [5] | R$ 1141420 | R$ 866836 |
[1] | TaxLawsuits relating to federal, state and municipal taxes, fees and other charges in which the Company challenges their applicability, calculation bases and amounts due to be collected. The main lawsuits are as follows: Plaintiff: National Institute of Social Security (INSS) Estimated amount: R$ 108,493 Tax requirements related to the social security contribution. Current status: awaiting judgment in the Administrative Council of Tax Appeals - CARF. Plaintiff: State Tax Authority (SEFAZ) Estimated amount: R$ 78,402 Copel Distribution received tax deficiency notice 6.587.156-4 from the State of Paran? for allegedly failing to pay ICMS (VAT) tax on the 'metered demand' line in the electricity bills issued to a major consumer between May 2011 and December 2013. The Company maintains its illegitimacy to appear in the taxable position of this tax assessment, since it was not included in the judicial proceeding, thus it cannot suffer the effects of the ruling rendered thereon, which would entail its illegitimacy to appear as liable taxpayer in tax deficiency notice 6.587.156-4. Plaintiff: Copel Estimated amount: R$ 76,475 Tax Requirement on Urban Territorial Property - IPTU on properties affected by the public electricity service. The case is pending judgment at first instance. Plaintiff: City Hall Estimated amount: R$ 55,735 City halls tax requirement as ISS in construction services provided by third parties. Current status: awaiting the decision on the appeal. Plaintiff: Brazilian Federal Revenue Office Estimated amount: R$ 116,086 Requirement and administrative question related to federal taxes, mostly still pending management review. | ||
[2] | Labor Labor claims comprise claims filed by employees and former employees of Copel and its subsidiaries in connection with the payment of overtime differences, hazardous working conditions, transfer bonuses, salary equality/reclassification, and other matters, and also claims by former employees of contractors and third- parties (secondary responsibility) involving indemnity and other matters. | ||
[3] | Employee benefits Labor claims comprise claims filed by retired former employees of the Company and its wholly-owned subsidiaries against the Copel Foundation, which will have consequential impact on the Company and its wholly-owned subsidiaries, since additional contributions will be required. | ||
[4] | Civil Lawsuits involving billing, irregular procedures, administrative contracts and contractual fines, indemnity for accidents with the electric power network or vehicles, easements of passage, expropriations, patrimonial and environmental. The balance also contains amounts being discussed by arbitration under confidentiality, in the discovery phase, with no decision having been handed down to date. The main lawsuits are as follows: Plaintiff: Mineradora Tibagiana Ltda.Estimated amount: R$ 172,583 Lawsuit claiming compensation for alleged losses when this mining company was involved in the construction of the Mau? plant by the Energ? tico Cruzeiro do Sul consortium in which Copel GeT has a 51% stake. The action challenges the validity of the mining permit granted by Mineradora Tibagiana for the Mau? job site and the indemnifying effects arising therefrom. Current status: action awaiting judgment by lower court. Plaintiff: franchises of the Agency/Copel store Estimated amount: R$ 44,717 Filing of two individual claims against Copel Distribui? o regarding the franchise contracts of Copel branches/stores, with the main petition claiming an extension of the term of the contract and secondary petition to recognize the existence of a sub concession, with transfer of the services provided and full pass-through of the fees, amongst other amounts, with related appeals currently awaiting trial. Current status: awaiting judgment. Plaintiff: Copel Distribuicao Estimated amount: R$ 78,277. The Department of Roads and Roadworks - DER issued a tax assessment notice to Copel Distribui? o, as a consequence, the Company filed a lawsuit challenging DER's Charge for Use or Occupancy of Highway Domain Range, since the Company understands that this charge is unconstitutional because it has a confiscatory nature. Currently, the process awaits decision on the production of expert evidence. | ||
[5] | Regulatory The Company is challenging, both at the administrative and judicial levels, notifications issued by the Regulatory Agency of alleged violations against regulations. The principal action is described below: Plaintiff: Energia Sustent? vel do Brasil S.A. - ESBR Estimated amount: R$ 729,609 ESBR filed Ordinary Lawsuit No. 10426-71.2013.4.01.4100 against ANEEL in the federal courts of Rond? nia, the decision on which: (i) excludes liability for the 535-day schedule overrun in the construction of the Jirau Hydropower Station; (ii) declares any obligations, penalties and costs imposed on ESBR as a result of the schedule overrun to be unenforceable, and (iii) annuls ANEEL Resolution No. 1,732/2013, which recognized a schedule overrun of only 52 days. An appeal has been brought by ANEEL, pending judgment by the TRF of the 1st Region. The practical outcome of the decision is that, by exempting ESBR, it exposed the distribution utilities with which it had concluded regulated power trading contracts (CCEARs), including Copel DIS, to the spot market and spot prices during the period. The reason is that electricity trading rules require that all electricity consumed be covered by a contract. If the lawsuits are judged unfavorably against Copel, the amount will be classified as Sectorial Financial Asset to be recovered through tariff rates. Current status: awaiting judgment. |
29 Provisions for Legal Claim_5
29 Provisions for Legal Claims and Contingent Liabilities (Details Narrative) - BRL (R$) R$ in Thousands | Aug. 22, 2019 | Dec. 31, 2019 |
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Payment agreement | R$ 130440 | |
Tradener Ltda. [Member] | Civil And Administrative Claims [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Interest rate | 1.00% | |
Property Owner [Member] | Expropriations And Property [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | R$ 28211 | |
Property Owner [Member] | Expropriations And Property [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | R$ 10467 | |
Copel [Member] | Expropriations And Property [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Ownership rights | 51.00% | |
Copel [Member] | Contingent Liabilities Tax [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | R$ 87006 | |
Companhia Estadual de Energia Eletrica - CEEE and Dona Francisca Energetica S.A. [Member] | Regulatory [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | 57,000 | |
National Institute Of Social Security (INSS) [Member] | Contingent Liabilities Tax [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | 117,018 | |
State Tax Authority (SEFAZ) [Member] | Contingent Liabilities Tax [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | 87,657 | |
City Hall [Member] | Contingent Liabilities Tax [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | 65,443 | |
Brazilian Federal Revenue Office [Member] | Contingent Liabilities Tax [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | 105,800 | |
Franchises Of The Agency/Copel Store [Member] | Contingent Liabilities Civil [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | 85,277 | |
Copel Distribuicao [Member] | Contingent Liabilities Civil [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | 34,792 | |
Energia Sustentavel Do Brasil S.A. - ESBR [Member] | Contingent Liabilities Regulatory [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | 1,034,593 | |
Franchises Of Agency Copel Store [Member] | Contingent Liabilities Civil [Member] | ||
ProvisionsForLegalClaimsAndContingentLiabilitiesLineItems [Line Items] | ||
Plaintiff estimated amount | R$ 49689 | |
Ownership rights | 51.00% |
30 Equity (Details)
30 Equity (Details) | Dec. 31, 2019shares |
Disclosure of classes of share capital [line items] | |
Number of shares | 273,655,375 |
Percent | 10000.00% |
Common [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 145,031,080 |
Percent | 10000.00% |
Class "B" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 128,297,153 |
Percent | 10000.00% |
Class "A" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 327,142 |
Percent | 10000.00% |
State of Parana [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 85,028,598 |
Percent | 3107.00% |
State of Parana [Member] | Common [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 85,028,598 |
Percent | 5863.00% |
BNDES [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 65,580,781 |
Percent | 2396.00% |
BNDES [Member] | Common [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 38,298,775 |
Percent | 2641.00% |
BNDES [Member] | Class "B" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 27,282,006 |
Percent | 2126.00% |
Eletrobras [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 1,530,774 |
Percent | 56.00% |
Eletrobras [Member] | Common [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 1,530,774 |
Percent | 1.06% |
Free Float: NYSE [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 27,289,828 |
Percent | 997.00% |
Free Float: NYSE [Member] | Common [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 108,545 |
Percent | 7.00% |
Free Float: NYSE [Member] | Class "B" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 27,181,283 |
Percent | 2119.00% |
Free Float: Latibex [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 170,911 |
Percent | 6.00% |
Free Float: Latibex [Member] | Class "B" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 170,911 |
Percent | 13.00% |
Other Shareholders [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 445,926 |
Percent | 16.00% |
Other Shareholders [Member] | Common [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 158,166 |
Percent | 11.00% |
Other Shareholders [Member] | Class "B" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 46,727 |
Percent | 4.00% |
Other Shareholders [Member] | Class "A" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 241,033 |
Percent | 7368.00% |
Free Float: B3 [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 93,417,367 |
Percent | 3415.00% |
Free Float: B3 [Member] | Common [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 19,727,829 |
Percent | 1360.00% |
Free Float: B3 [Member] | Class "B" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 73,612,755 |
Percent | 5738.00% |
Free Float: B3 [Member] | Class "A" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 76,783 |
Percent | 2347.00% |
City Halls [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 191,190 |
Percent | 7.00% |
City Halls [Member] | Common [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 178,393 |
Percent | 12.00% |
City Halls [Member] | Class "B" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 3,471 |
City Halls [Member] | Class "A" Preferred [Member] | |
Disclosure of classes of share capital [line items] | |
Number of shares | 9,326 |
Percent | 285.00% |
30 Equity (Details 1)
30 Equity (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Equity valuation adjustments, beginning | R$ 785610 | R$ 895601 | R$ 998466 |
Adjustments to financial assets available for sale | |||
Financial investments | 3 | ||
Taxes on adjustments | (1) | ||
Equity interest investments | 26,135 | ||
Taxes on adjustments | (8,887) | ||
Adjustments related to actuarial liabilities | |||
Post employment benefits | (186,628) | (58,354) | (46,506) |
Taxes on adjustments | 63,444 | 19,994 | 16,827 |
Realization of equity evaluation adjustment | |||
Deemed cost of fixed assets | (100,342) | (101,645) | (108,561) |
Taxes on the adjustments | 34,116 | 34,559 | 36,911 |
Gains on Investments in equity investments | (28,650) | ||
Taxes on adjustments | 9,741 | ||
Equity interest investments | (4,391) | ||
Attributed to non-controlling interest | (4,273) | (154) | 123 |
Equity valuation adjustments, ending | 591,927 | 785,610 | 895,601 |
Equity Valuation Adjustments [Member] | |||
Equity valuation adjustments, beginning | 790,668 | 857,754 | 929,404 |
Realization of equity evaluation adjustment | |||
Deemed cost of fixed assets | (100,342) | (101,645) | (108,561) |
Taxes on the adjustments | 34,116 | 34,559 | 36,911 |
Equity valuation adjustments, ending | 724,442 | 790,668 | 857,754 |
Accumulated Other Comprehensive Income [Member] | |||
Equity valuation adjustments, beginning | (5,058) | 37,847 | 69,062 |
Adjustments to financial assets available for sale | |||
Financial investments | 3 | ||
Taxes on adjustments | (1) | ||
Equity interest investments | 26,135 | ||
Taxes on adjustments | (8,887) | ||
Adjustments related to actuarial liabilities | |||
Post employment benefits | (186,628) | (58,354) | (46,506) |
Taxes on adjustments | 63,444 | 19,994 | 16,827 |
Realization of equity evaluation adjustment | |||
Gains on Investments in equity investments | (28,650) | ||
Taxes on adjustments | 9,741 | ||
Equity interest investments | (4,391) | ||
Attributed to non-controlling interest | (4,273) | (154) | 123 |
Equity valuation adjustments, ending | R$ 132515 | R$ 5058 | R$ 37847 |
30 Equity (Details 2)
30 Equity (Details 2) - BRL (R$) R$ / shares in Units, R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Net income for the year | R$ 1989946 | R$ 1407063 | R$ 1033626 |
Legal Reserve (5%) | (99,497) | (70,353) | (51,681) |
Realization of equity evaluation adjustment | 66,226 | 67,086 | 71,650 |
Calculation basis for minimum mandatory dividends | 1,956,675 | 1,403,796 | 1,053,595 |
Minimum mandatory dividend | 489,169 | 350,949 | 263,399 |
Total proposed distribution | 643,000 | 378,542 | 289,401 |
Interest on own capital, net | 643,000 | 280,000 | 266,000 |
Tax on interest on own capital | (56,584) | (27,593) | (26,002) |
Interest on own capital, net | 586,416 | 252,407 | 239,998 |
Dividends proposed | 98,542 | 23,401 | |
Total proposed distribution, net | 586,416 | R$ 350949 | R$ 263399 |
Proposed additional dividend | 97,247 | ||
Interest on own capital, net, in advance, endorsed by CAD | R$ 97247 | ||
Gross value of dividends per share: ordinary shares | R$ 2.24235 | R$ 1.3195 | R$ 1.00801 |
Gross amount of dividends per class of shares: ordinary shares | R$ 325210 | R$ 191369 | R$ 146193 |
Class "A" Preferred [Member] | |||
Gross value of dividends per share, preferred | R$ 3.94657 | R$ 2.8905 | R$ 2.8905 |
Gross amount of dividends per class of shares, preferred | R$ 1291 | R$ 950 | R$ 950 |
Class "B" Preferred [Member] | |||
Gross value of dividends per share, preferred | R$ 2.46692 | R$ 1.45151 | R$ 1.10883 |
Gross amount of dividends per class of shares, preferred | R$ 316499 | R$ 186223 | R$ 142258 |
30 Equity (Details 3)
30 Equity (Details 3) - BRL (R$) R$ / shares in Units, R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Basic and diluted numerator | |||
Basic and diluted earnings | R$ 1989946 | R$ 1407063 | R$ 1033626 |
Basic and diluted denominator | |||
Weighted average of shares | 273,655,375 | 273,655,375 | 273,655,375 |
Common Shares [Member] | |||
Basic and diluted numerator | |||
Basic and diluted earnings | R$ 1007014 | R$ 712234 | R$ 523206 |
Basic and diluted denominator | |||
Weighted average of shares | 145,031,080 | 145,031,080 | 145,031,080 |
Basic and diluted earnings per share attributable to shareholders of parent company | R$ 6.94344 | R$ 4.91091 | R$ 3.60754 |
Class "A" Preferred [Member] | |||
Basic and diluted numerator | |||
Basic and diluted earnings | R$ 2984 | R$ 1775 | R$ 1304 |
Basic and diluted denominator | |||
Weighted average of shares | 327,368 | 328,627 | 328,627 |
Basic and diluted earnings per share attributable to shareholders of parent company | R$ 9.11525 | R$ 5.40201 | R$ 3.9683 |
Class "B" Preferred [Member] | |||
Basic and diluted numerator | |||
Basic and diluted earnings | R$ 979948 | R$ 693054 | R$ 509116 |
Basic and diluted denominator | |||
Weighted average of shares | 128,296,927 | 128,295,668 | 128,295,668 |
Basic and diluted earnings per share attributable to shareholders of parent company | R$ 7.63812 | R$ 5.40201 | R$ 3.96830 |
30 Equity (Details Narrative)
30 Equity (Details Narrative) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of classes of share capital [line items] | ||
Rights, preferences and restrictions attaching to class of share capital | Each common share entitles its holder to one vote in the general shareholders’ meetings. Preferred shares do not have voting rights and have two classes “A” and “B”. | |
Description of preferred shares dividends paid | Dividends paid to preferred shares must be at least 10% higher than those paid to common shares. | |
Paid-in share capital | R$ 10800000 | R$ 7910000 |
Percentage of legal reserve on profit | 5.00% | |
Percentage of issued capital on profit | 20.00% | |
Capital increase | ||
Class A Preferred Stock [Member] | ||
Disclosure of classes of share capital [line items] | ||
Description of preferred shares dividends paid | Class "A" preferred shares have priority in the reimbursement of capital and in the distribution of minimum dividends of 10% p.a. (non-cumulative), calculated based on the capital represented by this class of shares. | |
Class "B" Preferred Stock [Member] | ||
Disclosure of classes of share capital [line items] | ||
Description of preferred shares dividends paid | Class "B" preferred shares have priority in the reimbursement of capital and the right to the distribution of dividends, calculated as 25% of adjusted profit or loss for the year, pursuant to the corporate legislation and to the Company’s by-laws, calculated proportionately to the capital represented by the shares of this class. Dividends for Class “B” have priority only over the common shares and are only paid out of the remaining profits payment of priority dividends of class “A” shares. |
31 Net Operating Revenue (Detai
31 Net Operating Revenue (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net operating revenue [line items] | |||
Gross revenues | R$ 25227782 | R$ 23725810 | R$ 21574289 |
PIS/Pasep and Cofins | (2,161,120) | (2,117,800) | (1,788,714) |
ICMS (VAT) | (4,656,686) | (4,210,382) | (3,734,940) |
Sectorial charges | (2,161,811) | 2,457,562 | (2,020,674) |
Service tax (ISSQN) | (3,891) | (5,286) | (5,388) |
Net operating revenues | 16,244,274 | 14,934,780 | 14,024,573 |
Electricity Sales To Final Customers [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross revenues | 10,481,794 | 10,104,045 | 8,689,516 |
PIS/Pasep and Cofins | (965,651) | ||
ICMS (VAT) | (2,336,583) | ||
Sectorial charges | (753,544) | ||
Service tax (ISSQN) | |||
Net operating revenues | 6,426,016 | 5,548,584 | 4,681,533 |
Electricity Sales To Distributors [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross revenues | 3,301,336 | 3,136,244 | 3,529,770 |
PIS/Pasep and Cofins | (368,101) | ||
ICMS (VAT) | (10,727) | ||
Sectorial charges | (56,642) | ||
Service tax (ISSQN) | |||
Net operating revenues | 2,865,866 | 3,136,244 | 3,176,354 |
Use Of The Main Distribution and Transmission Grid [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross revenues | 8,270,996 | 3,469,060 | 6,442,761 |
PIS/Pasep and Cofins | (781,017) | ||
ICMS (VAT) | (1,999,583) | ||
Sectorial charges | (1,351,625) | ||
Service tax (ISSQN) | |||
Net operating revenues | 4,138,771 | 3,617,941 | |
Construction Income [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross revenues | 1,132,884 | 1,097,313 | 868,001 |
PIS/Pasep and Cofins | |||
ICMS (VAT) | |||
Sectorial charges | |||
Service tax (ISSQN) | |||
Net operating revenues | 1,132,884 | 1,097,313 | 868,001 |
Fair Value Of Assets From The Indemnity For The Concession [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross revenues | 36,646 | 47,499 | 57,080 |
PIS/Pasep and Cofins | |||
ICMS (VAT) | |||
Sectorial charges | |||
Service tax (ISSQN) | |||
Net operating revenues | 36,646 | 47,499 | 57,080 |
Telecommunications [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross revenues | 532,926 | 512,540 | 426,773 |
PIS/Pasep and Cofins | (21,035) | ||
ICMS (VAT) | (137,896) | ||
Sectorial charges | |||
Service tax (ISSQN) | (558) | ||
Net operating revenues | 373,437 | 512,540 | 308,952 |
Distribution Of Piped Gas [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross revenues | 1,003,790 | 753,222 | 621,992 |
PIS/Pasep and Cofins | 11,313 | ||
ICMS (VAT) | (171,897) | ||
Sectorial charges | |||
Service tax (ISSQN) | (23) | ||
Net operating revenues | 843,183 | 557,186 | 454,815 |
Sectorial Financial Assets and Liabilities Result [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross revenues | 25,057 | 985,344 | 767,040 |
PIS/Pasep and Cofins | (6,426) | ||
ICMS (VAT) | |||
Sectorial charges | |||
Service tax (ISSQN) | |||
Net operating revenues | 18,631 | 893,688 | 718,826 |
Other Operating Revenue [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross revenues | 442,353 | 222,329 | 171,356 |
PIS/Pasep and Cofins | (30,203) | ||
ICMS (VAT) | |||
Sectorial charges | |||
Service tax (ISSQN) | (3,310) | ||
Net operating revenues | R$ 408840 | R$ 189355 | R$ 141071 |
31 Net Operating Revenue (Det_2
31 Net Operating Revenue (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | R$ 25227782 | R$ 23725810 | R$ 21574289 |
PIS/Pasep and Cofins | (2,161,120) | (2,117,800) | (1,788,714) |
Recovery of Pis/Pasep and Cofins on ICMS | (105,184) | ||
ICMS (VAT) | (4,656,686) | (4,210,382) | (3,734,940) |
Sectorial charges | (2,161,811) | 2,457,562 | (2,020,674) |
Service tax (ISSQN) | (3,891) | (5,286) | (5,388) |
Net operating revenues | 16,244,274 | 14,934,780 | 14,024,573 |
Electricity Sales To Final Customers [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 10,481,794 | 10,104,045 | 8,689,516 |
PIS/Pasep and Cofins | (965,651) | ||
ICMS (VAT) | (2,336,583) | ||
Sectorial charges | (753,544) | ||
Service tax (ISSQN) | |||
Net operating revenues | 6,426,016 | 5,548,584 | 4,681,533 |
Electricity Sales To Final Customers [Member] | Residential [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 3,336,432 | 3,175,290 | 2,750,514 |
Electricity Sales To Final Customers [Member] | Industrial [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,276,105 | 1,419,240 | 1,337,893 |
Electricity Sales To Final Customers [Member] | Trade, Services and Other Activities [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 2,179,510 | 2,136,087 | 1,880,862 |
Electricity Sales To Final Customers [Member] | Rural [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 631,527 | 572,361 | 511,196 |
Electricity Sales To Final Customers [Member] | Public Entities [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 279,495 | 262,705 | 236,719 |
Electricity Sales To Final Customers [Member] | Public Lighting [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 274,250 | 278,645 | 244,381 |
Electricity Sales To Final Customers [Member] | Public Service [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 332,414 | 316,307 | 275,431 |
Electricity Sales To Final Customers [Member] | Free Consumers [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,179,314 | 845,964 | |
Electricity Sales To Final Customers [Member] | Donations and Grants [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 740,787 | 764,096 | 606,556 |
Electricity Sales To Final Customers [Member] | Free Consumers [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,431,274 | ||
Electricity Sales To Distributors [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 3,301,336 | 3,136,244 | 3,529,770 |
PIS/Pasep and Cofins | (368,101) | ||
ICMS (VAT) | (10,727) | ||
Sectorial charges | (56,642) | ||
Service tax (ISSQN) | |||
Net operating revenues | 2,865,866 | 3,136,244 | 3,176,354 |
Electricity Sales To Distributors [Member] | Bilateral Contracts [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,998,617 | 2,002,077 | 1,947,862 |
Electricity Sales To Distributors [Member] | Regulated contracts [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 854,239 | 385,157 | 421,805 |
Electricity Sales To Distributors [Member] | Electric Energy Trade Chamber CCEE [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 357,076 | 663,024 | |
Electricity Sales To Distributors [Member] | Interest [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 91,404 | 85,986 | 82,160 |
Electricity Sales To Distributors [Member] | Concessionaires And Generators [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 62,414 | ||
Electricity Sales To Distributors [Member] | Electric Energy Trade Chamber - CCEE [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 357,076 | 1,077,943 | |
Use Of The Main Distribution and Transmission Grid [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 8,270,996 | 3,469,060 | 6,442,761 |
PIS/Pasep and Cofins | (781,017) | ||
ICMS (VAT) | (1,999,583) | ||
Sectorial charges | (1,351,625) | ||
Service tax (ISSQN) | |||
Net operating revenues | 4,138,771 | 3,617,941 | |
Use Of The Main Distribution and Transmission Grid [Member] | Residential [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 2,585,892 | 2,222,621 | 2,025,400 |
Use Of The Main Distribution and Transmission Grid [Member] | Industrial [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,280,168 | 1,110,089 | 1,024,452 |
Use Of The Main Distribution and Transmission Grid [Member] | Trade, Services and Other Activities [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,713,632 | 1,407,156 | 1,304,285 |
Use Of The Main Distribution and Transmission Grid [Member] | Rural [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 467,044 | 341,875 | |
Use Of The Main Distribution and Transmission Grid [Member] | Public Entities [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 206,492 | 185,383 | 174,427 |
Use Of The Main Distribution and Transmission Grid [Member] | Public Lighting [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 206,492 | 184,530 | 167,907 |
Use Of The Main Distribution and Transmission Grid [Member] | Public Service [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 174,414 | 141,556 | 126,795 |
Use Of The Main Distribution and Transmission Grid [Member] | Free Consumers [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,052,535 | 795,105 | 663,248 |
Use Of The Main Distribution and Transmission Grid [Member] | Concessionaires And Generators [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 80,329 | 60,485 | |
Use Of The Main Distribution and Transmission Grid [Member] | Interest Income [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 58,578 | ||
Use Of The Main Distribution and Transmission Grid [Member] | Operating and Maintenance Income - O&M [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 98,207 | 113,324 | |
Use Of The Main Distribution and Transmission Grid [Member] | Interest Income [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 413,171 | 440,563 | |
Construction Income [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,132,884 | 1,097,313 | 868,001 |
PIS/Pasep and Cofins | |||
ICMS (VAT) | |||
Sectorial charges | |||
Service tax (ISSQN) | |||
Net operating revenues | 1,132,884 | 1,097,313 | 868,001 |
Fair Value Of Assets From The Indemnity For The Concession [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 36,646 | 47,499 | 57,080 |
PIS/Pasep and Cofins | |||
ICMS (VAT) | |||
Sectorial charges | |||
Service tax (ISSQN) | |||
Net operating revenues | 36,646 | 47,499 | 57,080 |
Telecommunications [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 532,926 | 512,540 | 426,773 |
PIS/Pasep and Cofins | (21,035) | ||
ICMS (VAT) | (137,896) | ||
Sectorial charges | |||
Service tax (ISSQN) | (558) | ||
Net operating revenues | 373,437 | 512,540 | 308,952 |
Distribution Of Piped Gas [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,003,790 | 753,222 | 621,992 |
PIS/Pasep and Cofins | 11,313 | ||
ICMS (VAT) | (171,897) | ||
Sectorial charges | |||
Service tax (ISSQN) | (23) | ||
Net operating revenues | 843,183 | 557,186 | 454,815 |
Sectorial Financial Assets and Liabilities Result [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 25,057 | 985,344 | 767,040 |
PIS/Pasep and Cofins | (6,426) | ||
ICMS (VAT) | |||
Sectorial charges | |||
Service tax (ISSQN) | |||
Net operating revenues | 18,631 | 893,688 | 718,826 |
Other Operating Revenue [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 442,353 | 222,329 | 171,356 |
PIS/Pasep and Cofins | (30,203) | ||
ICMS (VAT) | |||
Sectorial charges | |||
Service tax (ISSQN) | (3,310) | ||
Net operating revenues | 408,840 | 189,355 | 141,071 |
Other Operating Revenue [Member] | Other Income [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 22,146 | 11,892 | 15,898 |
Other Operating Revenue [Member] | Charged Service [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 18,807 | 18,475 | 15,981 |
Other Operating Revenue [Member] | Income From Rendering Of Services [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 51,780 | 59,280 | 30,247 |
Other Operating Revenue [Member] | Leasing And Rent [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 144,744 | 132,682 | 109,230 |
Distribution Of Piped Gas [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | 1,003,790 | ||
Fair Value In The Purchase and Sale Of Power In The Active Market [Member] | |||
Disclosure of net operating revenue [line items] | |||
Gross operating revenues | R$ 204876 |
31 Net Operating Revenue (Det_3
31 Net Operating Revenue (Details 2) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net operating revenue [line items] | |||
Lease and rental revenue | R$ 144744 | R$ 132682 | R$ 109230 |
Equipment and Framework [Member] | |||
Disclosure of net operating revenue [line items] | |||
Lease and rental revenue | 143,482 | 131,409 | 106,790 |
Facilities Sharing [Member] | |||
Disclosure of net operating revenue [line items] | |||
Lease and rental revenue | 1,046 | 1,003 | 2,159 |
Real Estate [Member] | |||
Disclosure of net operating revenue [line items] | |||
Lease and rental revenue | R$ 216 | R$ 270 | R$ 281 |
31 Net Operating Revenue (Det_4
31 Net Operating Revenue (Details 3) R$ in Thousands | Dec. 31, 2019BRL (R$) |
NetOperatingRevenueLineItems [Line Items] | |
Facilities sharing | R$ 46956 |
Less Than One Year [Member] | |
NetOperatingRevenueLineItems [Line Items] | |
Facilities sharing | 2,207 |
1 to 5 Years [Member] | |
NetOperatingRevenueLineItems [Line Items] | |
Facilities sharing | 8,829 |
Over 5 Years [Member] | |
NetOperatingRevenueLineItems [Line Items] | |
Facilities sharing | R$ 35920 |
31 Net Operating Revenue (Det_5
31 Net Operating Revenue (Details 4) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net operating revenue [line items] | |||
Regulatory charges | R$ 2161811 | R$ 2457562 | R$ 2020674 |
Energy Development Account CDE Energia [Member] | |||
Disclosure of net operating revenue [line items] | |||
Regulatory charges | 1,654,157 | 1,840,283 | 1,415,738 |
Other Charges - Rate Flags [Member] | |||
Disclosure of net operating revenue [line items] | |||
Regulatory charges | 280,286 | 423,098 | 420,027 |
Research and Development and Energy Efficiency - R&D and EEP [Member] | |||
Disclosure of net operating revenue [line items] | |||
Regulatory charges | 127,432 | 123,306 | 117,390 |
Global Reversion Reserve - RGR Quota [Member] | |||
Disclosure of net operating revenue [line items] | |||
Regulatory charges | 63,918 | 48,512 | 46,825 |
Energy Development Account - "CDE Uso" [Member] | |||
Disclosure of net operating revenue [line items] | |||
Regulatory charges | 25,271 | 12,211 | 10,971 |
Inspection fee [Member] | |||
Disclosure of net operating revenue [line items] | |||
Regulatory charges | R$ 10747 | R$ 10152 | R$ 9723 |
31 Net Operating Revenue (Det_6
31 Net Operating Revenue (Details 5) - National Electric Energy Agency [Member] - Energy Development Account CDE Energia [Member] - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net operating revenue [line items] | |||
Regulatory charges | R$ 1654157 | R$ 1840283 | R$ 1415738 |
CDE USO [Member] | |||
Disclosure of net operating revenue [line items] | |||
Regulatory charges | R$ 1266152 | R$ 1040045 | R$ 697584 |
CDE USO [Member] | Resolution No. 2,510/2018 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,510/2018 | ||
Period | January to June | ||
Regulatory charges | R$ 1269498 | ||
CDE USO [Member] | Preliminary Injunctions [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | (-) Preliminary injunctions | (-) Preliminary injunctions | (-) Preliminary injunctions |
Period | January to June | January to December | January to December |
Regulatory charges | R$ 3346 | R$ 2 | R$ 28502 |
CDE USO [Member] | Resolution No. 2,368/2018 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,368/2018 | ||
Period | January to August | ||
Regulatory charges | R$ 594972 | ||
CDE USO [Member] | Resolution No. 2,446/2018 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,446/2018 | ||
Period | September to December | ||
Regulatory charges | R$ 445075 | ||
CDE USO [Member] | Resolution No. 2,202/2017 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,202/2017 | ||
Period | January | ||
Regulatory charges | R$ 53329 | ||
CDE USO [Member] | Resolution No. 2,204/2017 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,204/2017 | ||
Period | February to December | ||
Regulatory charges | R$ 672756 | ||
CONTA ACR [Member] | |||
Disclosure of net operating revenue [line items] | |||
Regulatory charges | R$ 348177 | R$ 557981 | R$ 489248 |
CONTA ACR [Member] | Resolution No. 2,231/2017 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,231/2017 | Resolution No. 2,231/2017 | Resolution No. 2,231/2017 |
Period | January to February | January to December | April to December |
Regulatory charges | R$ 98725 | R$ 557981 | R$ 341161 |
CONTA ACR [Member] | Resolution No. 2,521/2019 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,521/2019 | ||
Period | March to August | ||
Regulatory charges | R$ 296174 | ||
CONTA ACR [Member] | Return - Order No. 2,755 / 2019 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Return - Order No. 2,755 / 2019 | ||
Regulatory charges | R$ 46722 | ||
CONTA ACR [Member] | Resolution No. 2,004/2015 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,004/2015 | ||
Period | January to March | ||
Regulatory charges | R$ 148087 | ||
CDE ENERGIA [Member] | |||
Disclosure of net operating revenue [line items] | |||
Regulatory charges | R$ 39828 | R$ 242257 | R$ 228906 |
CDE ENERGIA [Member] | Resolution No. 2,510/2018 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,510/2018 | ||
Period | January to March | ||
Regulatory charges | R$ 41431 | ||
CDE ENERGIA [Member] | Preliminary Injunctions [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | (-) Preliminary injunctions | (-) Preliminary injunctions | (-) Preliminary injunctions |
Period | January to March | January to December | January to December |
Regulatory charges | R$ 1603 | R$ 3442 | R$ 6799 |
CDE ENERGIA [Member] | Resolution No. 2,202/2017 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,202/2017 | ||
Period | January to May | ||
Regulatory charges | R$ 100692 | ||
CDE ENERGIA [Member] | Resolution No. 2,358/2017 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,358/2017 | ||
Period | June to December | ||
Regulatory charges | R$ 145007 | ||
CDE ENERGIA [Member] | Resolution No. 2,204/2017 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,204/2017 | ||
Period | Junel to December | ||
Regulatory charges | R$ 140968 | ||
CDE ENERGIA [Member] | Resolution No. 2,077/2016 [Member] | |||
Disclosure of net operating revenue [line items] | |||
Resolutions | Resolution No. 2,077/2016 | ||
Period | January to May | ||
Regulatory charges | R$ 94736 |
31 Net Operating Revenue (Det_7
31 Net Operating Revenue (Details Narrative) | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of net operating revenue [line items] | ||
Annual tariff review and authorized average rate | 3.41% | 15.99% |
High voltage consumers percentage | 4.32% | |
Low voltage consumers percentage | 2.92% | |
Financial Components [Member] | ||
Disclosure of net operating revenue [line items] | ||
Annual tariff review and authorized average rate | 10.54% | |
Updating Portion B [Member] | ||
Disclosure of net operating revenue [line items] | ||
Annual tariff review and authorized average rate | 1.12% | |
Adjusting Portion A [Member] | ||
Disclosure of net operating revenue [line items] | ||
Annual tariff review and authorized average rate | (3.08%) | |
Withdrawal Of The Financial Components From The Previous Tariff Process [Member] | ||
Disclosure of net operating revenue [line items] | ||
Annual tariff review and authorized average rate | (5.17%) |
32 Operating Costs and Expens_3
32 Operating Costs and Expenses (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | R$ 11760176 | R$ 11501688 | R$ 10665890 |
Selling expenses | (207,059) | (148,709) | (169,050) |
General and administrative expenses | (734,300) | (723,534) | (685,675) |
Other operating expenses, net | (458,815) | (302,690) | (464,316) |
Total operating costs and expenses | (13,160,350) | (12,676,621) | (11,984,931) |
Electricity Purchased For Resale [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (6,105,274) | (6,361,178) | (6,165,450) |
Selling expenses | |||
General and administrative expenses | |||
Other operating expenses, net | |||
Total operating costs and expenses | (6,105,274) | (6,361,178) | (6,165,450) |
Charge Of The Main Distribution And Transmission Grid [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (1,249,275) | (1,176,780) | (712,030) |
Selling expenses | |||
General and administrative expenses | |||
Other operating expenses, net | |||
Total operating costs and expenses | (1,249,275) | (1,176,780) | (712,030) |
Personnel And Management [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (945,312) | (978,878) | (984,011) |
Selling expenses | (13,937) | (18,460) | (20,435) |
General and administrative expenses | (366,133) | (360,447) | (338,898) |
Other operating expenses, net | |||
Total operating costs and expenses | (1,325,382) | (1,357,785) | (1,343,344) |
Pension And Healthcare Plans [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (169,476) | (176,102) | (175,479) |
Selling expenses | (1,914) | (2,447) | (2,424) |
General and administrative expenses | (66,936) | (65,201) | (59,694) |
Other operating expenses, net | |||
Total operating costs and expenses | (238,326) | (243,750) | (237,597) |
Materials And Supplies [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (75,417) | (68,920) | (71,535) |
Selling expenses | (289) | (655) | (968) |
General and administrative expenses | (6,446) | (12,182) | (10,621) |
Other operating expenses, net | |||
Total operating costs and expenses | (82,152) | (81,757) | (83,124) |
Materials And Supplies For Power Electricity [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (49,352) | (19,729) | (97,360) |
Selling expenses | |||
General and administrative expenses | |||
Other operating expenses, net | |||
Total operating costs and expenses | (49,352) | (19,729) | (97,360) |
Natural Gas And Supplies For Gas Business [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (585,233) | (412,618) | (309,542) |
Selling expenses | |||
General and administrative expenses | |||
Other operating expenses, net | |||
Total operating costs and expenses | (585,233) | (412,618) | (309,542) |
Third-Party Services [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (433,429) | (392,869) | (386,435) |
Selling expenses | (23,002) | (23,266) | (18,826) |
General and administrative expenses | (156,690) | (156,092) | (116,254) |
Other operating expenses, net | |||
Total operating costs and expenses | (613,121) | (572,227) | (521,515) |
Depreciation And Amortization [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (1,031,880) | (709,575) | (686,007) |
Selling expenses | (9) | (15) | (16) |
General and administrative expenses | (47,228) | (26,015) | (32,070) |
Other operating expenses, net | (14,719) | (13,574) | (13,506) |
Total operating costs and expenses | (1,093,836) | (749,179) | (731,599) |
Credit Losses Provisions And Reversals [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | 33,290 | 18,920 | 122,782 |
Selling expenses | (153,640) | (81,936) | (90,478) |
General and administrative expenses | |||
Other operating expenses, net | (254,465) | (243,681) | (397,843) |
Total operating costs and expenses | (374,815) | (306,697) | (365,539) |
Construction Cost [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (1,091,396) | (1,052,208) | (1,003,881) |
Selling expenses | |||
General and administrative expenses | |||
Other operating expenses, net | |||
Total operating costs and expenses | (1,091,396) | (1,052,208) | (1,003,881) |
Other Operating Costs And Expenses Net [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Operating costs and expenses | (57,422) | (171,751) | (196,942) |
Selling expenses | (14,269) | (21,930) | (35,903) |
General and administrative expenses | (90,867) | (103,597) | (128,138) |
Other operating expenses, net | (189,630) | (45,435) | (52,967) |
Total operating costs and expenses | R$ 352188 | R$ 342713 | R$ 413950 |
32 Operating Costs and Expens_4
32 Operating Costs and Expenses (Details 1) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating costs and expenses [line items] | |||
Electricity purchased for resale | R$ 6105274 | R$ 6361178 | R$ 6165450 |
Purchase of Energy In The Regulated Environment - CCEAR [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Electricity purchased for resale | 2,880,115 | 2,599,345 | 2,693,976 |
Electric Energy Trade Chamber - CCEE [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Electricity purchased for resale | 1,405,497 | 1,850,021 | 1,766,091 |
Itaipu Binacional [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Electricity purchased for resale | 1,316,524 | 1,272,177 | 1,117,957 |
Bilateral Contracts [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Electricity purchased for resale | 754,070 | 928,741 | 766,803 |
Program For Incentive To Alternative Energy Sources - Proinfa [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Electricity purchased for resale | 268,063 | 228,295 | 217,646 |
Micro and Mini Generators and Repurchase Of Customers [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Electricity purchased for resale | 52,871 | 12,373 | 3,892 |
PIS/Pasep/Cofins Taxes On Electricity Purchased For Resale [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Electricity purchased for resale | R$ 571866 | R$ 529774 | R$ 400915 |
32 Operating Costs and Expens_5
32 Operating Costs and Expenses (Details 2) - BRL (R$) R$ in Thousands | 12 Months Ended | ||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | R$ 1325382 | R$ 1357785 | R$ 1343344 | ||
Personnel [Member] | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | 1,299,522 | 1,330,417 | 1,314,468 | ||
Personnel [Member] | Salaries And Management Fees [Member] | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | 746,415 | 794,966 | 806,119 | ||
Personnel [Member] | Social Charges On Payroll [Member] | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | 241,025 | 261,459 | 266,183 | ||
Personnel [Member] | Meal And Education Allowance [Member | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | 113,021 | 113,177 | 119,881 | ||
Personnel [Member] | Provisons For Profit Sharing [Member] | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | 155,544 | 91,526 | [1] | 68,817 | [1] |
Personnel [Member] | Voluntary Retirement Program [Member] | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | 43,517 | 69,289 | 53,468 | ||
Management [Member] | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | 25,860 | 27,368 | 28,876 | ||
Management [Member] | Salaries And Management Fees [Member] | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | 19,867 | 21,422 | 22,895 | ||
Management [Member] | Social Charges On Payroll [Member] | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | 5,745 | 5,695 | 5,635 | ||
Management [Member] | Other Expenses [Member] | |||||
Disclosure of operating costs and expenses [line items] | |||||
Personnel and management | R$ 248 | R$ 251 | R$ 346 | ||
[1] | According to Federal Law No. 10,101/2000, State Decree No. 1,978/2007 and State Law No. 16,560/2010. |
32 Operating Costs and Expens_6
32 Operating Costs and Expenses (Details 3) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating costs and expenses [line items] | |||
Third-party services expense | R$ 613121 | R$ 572227 | R$ 521515 |
Maintenance Of Electrical System [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Third-party services expense | 164,572 | 144,211 | 135,265 |
Communication Processing And Transmission Of Data [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Third-party services expense | 115,037 | 115,397 | 94,230 |
Maintenance Of Facilities [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Third-party services expense | 105,586 | 91,872 | 95,176 |
Consumer Service [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Third-party services expense | 55,632 | 34,502 | 29,789 |
Meter Reading And Bill Delivery [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Third-party services expense | 45,515 | 43,968 | 49,647 |
Consulting And Audit [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Third-party services expense | 21,016 | 41,615 | 21,589 |
Other Services [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Third-party services expense | R$ 105763 | R$ 100662 | R$ 95819 |
32 Operating Costs and Expens_7
32 Operating Costs and Expenses (Details 4) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating costs and expenses [line items] | |||
Credit losses, provisions and reversals | R$ 374815 | R$ 306697 | R$ 365539 |
Provision For Litigations [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Credit losses, provisions and reversals | 257,921 | 219,636 | 386,373 |
Power Generation Concession Contract [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Credit losses, provisions and reversals | (2,945) | (4,758) | (1,117) |
Credits On Sales And Purchases Of Gas [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Credit losses, provisions and reversals | (4,758) | (123,586) | |
Property Plant And Equipment Generation Segment [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Credit losses, provisions and reversals | (117,744) | (14,162) | 1,921 |
Property Plant And Equipment Telecommunications Segment [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Credit losses, provisions and reversals | 87,399 | ||
Expected Credit Losses (Trade Accounts And Other Receivables) [Member | |||
Disclosure of operating costs and expenses [line items] | |||
Credit losses, provisions and reversals | 153,640 | 96,202 | 90,589 |
Tax Credits Estimated Losses [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Credit losses, provisions and reversals | (3,456) | R$ 9779 | 11,470 |
Accounts Receivable Related To The Concession Compensation [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Credit losses, provisions and reversals | R$ 2945 | R$ 1117 |
32 Operating Costs and Expens_8
32 Operating Costs and Expenses (Details 5) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating costs and expenses [line items] | |||
Construction cost | R$ 1091396 | R$ 1052208 | R$ 1003881 |
Materials And Supplies [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Construction cost | 548,336 | 507,899 | 387,278 |
Third-Party Services [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Construction cost | 395,607 | 400,680 | 437,788 |
Personnel [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Construction cost | 125,777 | 124,469 | 143,266 |
Others [Member] | |||
Disclosure of operating costs and expenses [line items] | |||
Construction cost | R$ 21676 | R$ 19160 | R$ 35549 |
32 Operating Costs and Expens_9
32 Operating Costs and Expenses (Details 6) - BRL (R$) R$ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | R$ 352188 | R$ 352188 | R$ 413950 | |
Net Losses In The Decommissioning And Disposal Of Assets [Member] | ||||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | [1] | 154,628 | 106,675 | 58,569 |
Financial offset for the use of water resources [Member] | ||||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | 103,737 | 105,310 | 110,971 | |
Taxes [Member] | ||||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | 35,319 | 84,492 | 87,759 | |
Compensation [Member] | ||||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | 66,550 | 30,949 | 45,712 | |
Collection Charge [Member] | ||||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | 51,156 | 44,682 | ||
Advertising And Publicity [Member] | ||||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | 29,132 | 22,135 | 27,768 | |
Leasing And Rent [Member] | ||||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | (9,215) | 40,016 | 32,037 | |
Gain (Loss) On Sale Of Investments [Member] | ||||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | (28,650) | |||
Other Net Income Costs And Expenses [Member] | ||||
Disclosure of operating costs and expenses [line items] | ||||
Other operating costs and expenses, net | [2] | R$ 97549 | R$ 91546 | R$ 79784 |
[1] | Of the total recorded in 2019, R$ 124,067 refer to write-offs of Copel Telecomunicacoes' fixed assets (Note 17.8). | |||
[2] | The 2018 balance includes revenue of R$ 72,068 related to reimbursement from suppliers of goods from the wind farms of the Brisa Complex. The 2019 balance includes R$ 97,664 of water rate reversal (TCFRH). |
32 Operating Costs and Expen_10
32 Operating Costs and Expenses (Details Narrative) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Property Plant And Equipment Telecommunications Segment [Member] | ||
Disclosure of operating costs and expenses [line items] | ||
Write offs of fixed assets | R$ 124067 | |
Wind Farms Of The Brisa Complex [Member] | ||
Disclosure of operating costs and expenses [line items] | ||
Revenue related to the reimbursement | R$ 97664 | R$ 72068 |
33 Financial Results (Details)
33 Financial Results (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
FinancialResultLineItems [Line Items] | |||
Financial income | R$ 750241 | R$ 813915 | R$ 699310 |
Financial expenses | 1,238,727 | 1,251,965 | 1,447,750 |
Financial result, net | (488,486) | (438,050) | (748,440) |
Arrears Charges On Bills [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial income | 225,956 | 226,050 | 191,554 |
Interest And Monetary Variation Of CRC Transfer Expense [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial income | 192,724 | 214,627 | 141,923 |
Return On Financial Investments [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial income | 126,510 | 98,841 | 114,523 |
Recognition Of Tax Credit [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial income | 38,434 | 55,096 | |
Remuneration Of Net Sectorial Assets And Liabilities Expense [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial income | 47,378 | 43,966 | 20,493 |
Monetary Variation Over The Ltaipu Power Purchase [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial income | 26,332 | 24,658 | 17,777 |
Monetary Variation And Adjust To Present Value Of Accounts Payable Related To The Concession [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial income | 1,462 | 1,047 | 10,813 |
Other Financial Income [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial income | 91,445 | 149,630 | 202,227 |
Monetary And Exchange Variation And Debt Charges [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial expenses | 906,952 | 871,397 | 993,970 |
Monetary Variation And Adjust To Present Value Of Accounts Payable Related To The Concession Expense [Member]r | |||
FinancialResultLineItems [Line Items] | |||
Financial expenses | 100,455 | 94,319 | 65,418 |
Monetary Variation Over The Itaipu Power Purchase Expense [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial expenses | 29,547 | 50,203 | 12,264 |
Interest And Monetary Variation Of CRC Transfer [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial expenses | 8,495 | 25,830 | 51,211 |
Interest on R&D and EEP [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial expenses | 24,570 | 25,407 | 34,345 |
Remuneration Of Net Sectorial Assets And Liabilities [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial expenses | 5,753 | 23,747 | 29,622 |
PIS/Pasep/Cofins Taxes On Interest On Capital [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial expenses | 71,549 | 13,636 | 45,196 |
Other Financial Expenses [Member] | |||
FinancialResultLineItems [Line Items] | |||
Financial expenses | R$ 91406 | R$ 147426 | R$ 215724 |
33 Financial Results (Details N
33 Financial Results (Details Narrative) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
FinancialResultLineItems [Line Items] | |||
Revenue | R$ 16244274 | R$ 14934780 | R$ 14024573 |
Finance income | 750,241 | 813,915 | 699,310 |
Other operational income (expenses) | (458,815) | (302,690) | (464,316) |
Recognition Of Tax Credit [Member] | |||
FinancialResultLineItems [Line Items] | |||
Revenue | 80,226 | ||
Finance income | R$ 38434 | 55,096 | |
Other operational income (expenses) | R$ 25129 |
34 Operating Segments (Details)
34 Operating Segments (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating segments [line items] | ||||
ASSETS | R$ 38312550 | R$ 35930100 | ||
CURRENT ASSETS | 7,909,196 | 6,677,846 | ||
NON-CURRENT ASSETS | 30,403,354 | 29,252,254 | ||
Long term assets | 10,862,630 | 10,014,260 | ||
Investments | 2,523,179 | 2,368,234 | R$ 2570643 | [1] |
Property, plant and equipment | 10,592,103 | 10,840,663 | R$ 9829450 | |
Intangible assets | 6,332,611 | 6,029,097 | ||
Right-of-use asset | 92,831 | |||
Electric Energy GET [Member] | ||||
Disclosure of operating segments [line items] | ||||
ASSETS | 19,457,551 | 18,573,953 | ||
CURRENT ASSETS | 2,039,443 | 1,722,519 | ||
NON-CURRENT ASSETS | 17,418,108 | 16,851,434 | ||
Long term assets | 5,054,560 | 4,660,867 | ||
Investments | 2,371,374 | 2,212,271 | ||
Property, plant and equipment | 9,735,093 | 9,728,872 | ||
Intangible assets | 233,973 | 249,424 | ||
Right-of-use asset | 23,108 | |||
Electric Energy DIS [Member] | ||||
Disclosure of operating segments [line items] | ||||
ASSETS | 13,434,522 | 12,331,603 | ||
CURRENT ASSETS | 4,631,991 | 3,971,915 | ||
NON-CURRENT ASSETS | 8,802,531 | 8,359,688 | ||
Long term assets | 3,051,058 | 2,968,282 | ||
Investments | 813 | 1,343 | ||
Property, plant and equipment | ||||
Intangible assets | 5,703,686 | 5,390,063 | ||
Right-of-use asset | 46,974 | |||
Com [Member] | ||||
Disclosure of operating segments [line items] | ||||
ASSETS | 690,372 | 227,287 | ||
CURRENT ASSETS | 229,630 | 181,077 | ||
NON-CURRENT ASSETS | 460,742 | 46,210 | ||
Long term assets | 460,312 | 43,564 | ||
Investments | 247 | 2,442 | ||
Property, plant and equipment | 53 | 51 | ||
Intangible assets | 123 | 153 | ||
Right-of-use asset | 7 | |||
TEL [Member] | ||||
Disclosure of operating segments [line items] | ||||
ASSETS | 1,527,098 | 1,264,748 | ||
CURRENT ASSETS | 528,754 | 88,239 | ||
NON-CURRENT ASSETS | 998,344 | 1,176,509 | ||
Long term assets | 137,770 | 88,798 | ||
Investments | ||||
Property, plant and equipment | 833,974 | 1,071,489 | ||
Intangible assets | 19,844 | 16,222 | ||
Right-of-use asset | 6,756 | |||
GAS [Member] | ||||
Disclosure of operating segments [line items] | ||||
ASSETS | 904,993 | 675,286 | ||
CURRENT ASSETS | 313,896 | 204,725 | ||
NON-CURRENT ASSETS | 591,097 | 470,561 | ||
Long term assets | 576,190 | 466,942 | ||
Investments | ||||
Property, plant and equipment | ||||
Intangible assets | 3,619 | |||
Right-of-use asset | 14,907 | |||
HOL [Member] | ||||
Disclosure of operating segments [line items] | ||||
ASSETS | 3,183,677 | 3,359,407 | ||
CURRENT ASSETS | 1,127,469 | 1,214,523 | ||
NON-CURRENT ASSETS | 2,056,208 | 2,144,884 | ||
Long term assets | 1,879,619 | 1,950,280 | ||
Investments | 150,746 | 152,178 | ||
Property, plant and equipment | 22,983 | 40,251 | ||
Intangible assets | 1,781 | 2,175 | ||
Right-of-use asset | 1,079 | |||
Intersegment Operations [Member] | ||||
Disclosure of operating segments [line items] | ||||
ASSETS | (885,662) | (502,184) | ||
CURRENT ASSETS | (961,987) | (705,152) | ||
NON-CURRENT ASSETS | 76,325 | 202,968 | ||
Long term assets | (296,879) | (164,473) | ||
Investments | ||||
Property, plant and equipment | ||||
Intangible assets | 373,204 | R$ 367441 | ||
Right-of-use asset | ||||
[1] | As of December 31, 2017, the joint ventures operating in the transmission segment had their electricity transmission concession agreements classified as financial assets within the scope of IAS 39 and IFRIC 12. With the entry into force on January 1, 2018 of IFRS 15, bringing the concept of the right to receive the infrastructure investments conditioned to the fulfillment of performance obligations to operate and maintain the infrastructure and not only by the passage of time, the electricity transmission concession agreements started being classified as contract assets. As a result, the balance of the financial assets of the joint ventures started being classified on January 1, 2018 as contract assets in accordance with the Company's practices, with a reduction in its measurement in the amount of R$148,748 with effect in the Company in the caption Investments, by equity. At the transition, the Company and its joint ventures opted to adopt the standard on the date of initial application as an adjustment to the opening balance, in equity account, considering only agreements outstanding prior to the date of application, as set forth in IFRS 15. |
34 Operating Segments (Details
34 Operating Segments (Details 1) - BRL (R$) R$ in Thousands | Jan. 02, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of operating segments [line items] | ||||
NET OPERATING REVENUE | R$ 16244274 | R$ 14934780 | R$ 14024573 | |
Net operating revenues - third-parties | 16,244,274 | 14,934,780 | 14,024,573 | |
Net operating revenues - between segments | ||||
OPERATING COSTS AND EXPENSES | (13,160,350) | (12,676,621) | (11,984,931) | |
Energy purchased for resale | (6,105,274) | (6,361,178) | (6,065,450) | |
Charges for use of the main transmission grid | (1,249,275) | (1,176,780) | (712,030) | |
Personnel and management | (1,325,382) | (1,357,785) | (1,343,344) | |
Pension and healthcare plans | (238,326) | (243,750) | (237,597) | |
Materials and supplies | (82,152) | (81,757) | (83,124) | |
Raw materials and supplies for generation | (49,352) | (19,729) | (97,360) | |
Natural gas and supplies for gas business | (585,233) | (412,618) | (309,542) | |
Third party services | (613,121) | (572,227) | (521,515) | |
Depreciation and amortization | (1,093,836) | (749,179) | (731,599) | |
Provision (reversal) for litigations | (257,921) | (219,636) | (386,373) | |
Impairment of assets | 120,689 | 18,920 | 122,782 | |
Other estimated losses, provisions and reversals | (237,583) | (105,981) | (101,948) | |
Construction cost | (1,091,396) | (1,052,208) | (1,003,881) | |
Other operating costs and expenses, net | (458,815) | (302,690) | (464,316) | |
EQUITY IN EARNINGS OF INVESTEES | 106,757 | 135,888 | 101,739 | |
PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX | 3,190,681 | 2,394,047 | 2,141,381 | |
Financial income | 750,241 | 813,915 | 699,310 | |
Financial expenses | (1,238,727) | (1,251,965) | (1,447,750) | |
OPERATING PROFIT (LOSS) | 2,702,195 | 1,955,997 | 1,392,941 | |
Income tax and social contribution | (639,326) | (511,993) | (274,686) | |
Net income (loss) | R$ 2070551 | 2,062,869 | 1,444,004 | 1,118,255 |
Electricity GET GER [Member] | ||||
Disclosure of operating segments [line items] | ||||
NET OPERATING REVENUE | 3,368,375 | 3,007,565 | 3,176,811 | |
Net operating revenues - third-parties | 2,233,367 | 2,116,875 | 2,851,644 | |
Net operating revenues - between segments | 1,135,008 | 890,690 | 325,167 | |
OPERATING COSTS AND EXPENSES | (1,659,225) | (1,619,431) | (1,768,390) | |
Energy purchased for resale | (262,288) | (417,918) | (290,019) | |
Charges for use of the main transmission grid | (451,107) | (408,347) | (352,958) | |
Personnel and management | (217,792) | (214,855) | (218,456) | |
Pension and healthcare plans | (37,955) | (36,379) | (38,782) | |
Materials and supplies | (10,987) | (11,637) | (12,463) | |
Raw materials and supplies for generation | (50,388) | (25,367) | (102,719) | |
Natural gas and supplies for gas business | ||||
Third party services | (108,309) | (119,668) | (120,993) | |
Depreciation and amortization | (551,576) | (353,916) | (368,987) | |
Provision (reversal) for litigations | (45,212) | 18,059 | (39,733) | |
Impairment of assets | 117,648 | 22,312 | 3,886 | |
Other estimated losses, provisions and reversals | 43,207 | 55,457 | (9,397) | |
Construction cost | ||||
Other operating costs and expenses, net | (84,466) | (127,172) | (217,769) | |
EQUITY IN EARNINGS OF INVESTEES | 14,840 | 5,514 | (5,777) | |
PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX | 1,723,990 | 1,393,648 | 1,302,644 | |
Financial income | 80,632 | 119,196 | 73,433 | |
Financial expenses | (457,528) | (517,832) | (565,837) | |
OPERATING PROFIT (LOSS) | 1,347,094 | 995,012 | 810,240 | |
Income tax and social contribution | (289,831) | (327,598) | (191,899) | |
Net income (loss) | 1,057,263 | 667,414 | 618,341 | |
Electricity GET TRA [Member] | ||||
Disclosure of operating segments [line items] | ||||
NET OPERATING REVENUE | 871,510 | 904,826 | 819,623 | |
Net operating revenues - third-parties | 643,596 | 680,567 | 640,199 | |
Net operating revenues - between segments | 227,914 | 224,259 | 179,424 | |
OPERATING COSTS AND EXPENSES | (479,538) | (561,850) | (546,510) | |
Energy purchased for resale | ||||
Charges for use of the main transmission grid | ||||
Personnel and management | (139,662) | (147,139) | (122,515) | |
Pension and healthcare plans | (25,027) | (25,884) | (22,733) | |
Materials and supplies | (3,766) | (5,054) | (4,732) | |
Raw materials and supplies for generation | ||||
Natural gas and supplies for gas business | ||||
Third party services | (38,092) | (33,489) | (24,609) | |
Depreciation and amortization | (12,987) | (11,386) | (7,201) | |
Provision (reversal) for litigations | (24,398) | 7,879 | (81,210) | |
Impairment of assets | ||||
Other estimated losses, provisions and reversals | (41,350) | (49,486) | 1,107 | |
Construction cost | (175,220) | (277,259) | (272,216) | |
Other operating costs and expenses, net | (19,036) | (20,032) | (12,401) | |
EQUITY IN EARNINGS OF INVESTEES | 85,752 | 123,676 | 93,145 | |
PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX | 477,724 | 466,652 | 366,258 | |
Financial income | 20,637 | 29,163 | 13,313 | |
Financial expenses | (138,947) | (136,455) | (123,707) | |
OPERATING PROFIT (LOSS) | 359,414 | 359,360 | 255,864 | |
Income tax and social contribution | (54,695) | (75,361) | (30,515) | |
Net income (loss) | 304,719 | 283,999 | 225,349 | |
Electric Energy DIS [Member] | ||||
Disclosure of operating segments [line items] | ||||
NET OPERATING REVENUE | 10,401,301 | 9,972,442 | 9,358,664 | |
Net operating revenues - third-parties | 10,352,690 | 9,932,267 | 9,324,633 | |
Net operating revenues - between segments | 48,611 | 40,175 | 34,031 | |
OPERATING COSTS AND EXPENSES | (9,579,915) | (9,474,473) | (9,071,359) | |
Energy purchased for resale | (5,424,207) | (5,577,719) | (5,717,970) | |
Charges for use of the main transmission grid | (1,044,135) | (1,012,062) | (554,805) | |
Personnel and management | (822,772) | (837,728) | (822,963) | |
Pension and healthcare plans | (155,784) | (159,842) | (154,285) | |
Materials and supplies | (64,419) | (60,379) | (60,320) | |
Raw materials and supplies for generation | ||||
Natural gas and supplies for gas business | ||||
Third party services | (397,390) | (339,399) | (347,393) | |
Depreciation and amortization | (343,597) | (301,581) | (285,835) | |
Provision (reversal) for litigations | (164,705) | (222,057) | (168,600) | |
Impairment of assets | ||||
Other estimated losses, provisions and reversals | (137,680) | (77,985) | (83,916) | |
Construction cost | (904,023) | (741,855) | (717,351) | |
Other operating costs and expenses, net | (121,203) | (143,866) | (157,921) | |
EQUITY IN EARNINGS OF INVESTEES | ||||
PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX | 821,386 | 497,969 | 287,305 | |
Financial income | 355,152 | 335,377 | 380,597 | |
Financial expenses | (273,909) | (308,319) | (343,540) | |
OPERATING PROFIT (LOSS) | 902,629 | 525,027 | 324,362 | |
Income tax and social contribution | (201,236) | (148,244) | 22,893 | |
Net income (loss) | 701,393 | 376,783 | 347,255 | |
Com [Member] | ||||
Disclosure of operating segments [line items] | ||||
NET OPERATING REVENUE | 1,810,901 | 1,341,162 | 664,495 | |
Net operating revenues - third-parties | 1,773,765 | 1,341,162 | 664,495 | |
Net operating revenues - between segments | 37,136 | |||
OPERATING COSTS AND EXPENSES | (1,608,245) | (1,354,578) | (654,445) | |
Energy purchased for resale | (1,590,272) | (1,338,473) | (654,026) | |
Charges for use of the main transmission grid | ||||
Personnel and management | (13,041) | (13,734) | (12,993) | |
Pension and healthcare plans | (1,481) | (1,507) | (1,415) | |
Materials and supplies | (15) | (65) | (27) | |
Raw materials and supplies for generation | ||||
Natural gas and supplies for gas business | ||||
Third party services | (1,718) | (1,700) | (1,280) | |
Depreciation and amortization | (44) | (16) | (9) | |
Provision (reversal) for litigations | (156) | 9 | (156) | |
Impairment of assets | ||||
Other estimated losses, provisions and reversals | (4) | (935) | ||
Construction cost | ||||
Other operating costs and expenses, net | (1,514) | 1,843 | 15,461 | |
EQUITY IN EARNINGS OF INVESTEES | (280) | (15) | (564) | |
PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX | 202,376 | (13,431) | 9,486 | |
Financial income | 3,004 | 6,065 | 6,515 | |
Financial expenses | (220) | (104) | (322) | |
OPERATING PROFIT (LOSS) | 205,160 | (7,470) | 15,679 | |
Income tax and social contribution | (69,854) | 2,632 | (2,638) | |
Net income (loss) | 135,306 | (4,838) | 13,041 | |
TEL [Member] | ||||
Disclosure of operating segments [line items] | ||||
NET OPERATING REVENUE | 418,030 | 421,408 | 380,550 | |
Net operating revenues - third-parties | 375,030 | 364,741 | 306,473 | |
Net operating revenues - between segments | 43,000 | 56,667 | 74,077 | |
OPERATING COSTS AND EXPENSES | (604,616) | (369,201) | (286,363) | |
Energy purchased for resale | ||||
Charges for use of the main transmission grid | ||||
Personnel and management | (73,890) | (92,472) | (107,874) | |
Pension and healthcare plans | (11,384) | (13,892) | (14,800) | |
Materials and supplies | (1,955) | (1,763) | (2,978) | |
Raw materials and supplies for generation | ||||
Natural gas and supplies for gas business | ||||
Third party services | (87,113) | (91,127) | (67,612) | |
Depreciation and amortization | (152,863) | (58,209) | (39,553) | |
Provision (reversal) for litigations | (14,072) | (12,844) | (3,648) | |
Impairment of assets | ||||
Other estimated losses, provisions and reversals | (100,691) | (12,749) | (8,309) | |
Construction cost | ||||
Other operating costs and expenses, net | (162,648) | (86,145) | (41,589) | |
EQUITY IN EARNINGS OF INVESTEES | ||||
PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX | (186,586) | 52,207 | 94,187 | |
Financial income | 20,760 | 16,808 | 11,828 | |
Financial expenses | (53,857) | (41,713) | (30,691) | |
OPERATING PROFIT (LOSS) | (219,683) | 27,302 | 75,324 | |
Income tax and social contribution | 68,644 | (2,853) | (21,272) | |
Net income (loss) | (151,039) | 24,449 | 54,052 | |
GAS [Member] | ||||
Disclosure of operating segments [line items] | ||||
NET OPERATING REVENUE | 866,884 | 588,532 | 515,563 | |
Net operating revenues - third-parties | 865,826 | 582,895 | 510,010 | |
Net operating revenues - between segments | 1,058 | 5,637 | 5,553 | |
OPERATING COSTS AND EXPENSES | (662,306) | (515,594) | (309,213) | |
Energy purchased for resale | ||||
Charges for use of the main transmission grid | ||||
Personnel and management | (36,932) | (34,896) | (35,761) | |
Pension and healthcare plans | (4,122) | (3,881) | (3,577) | |
Materials and supplies | (217) | (2,110) | (1,936) | |
Raw materials and supplies for generation | ||||
Natural gas and supplies for gas business | (585,233) | (412,618) | (309,542) | |
Third party services | (12,971) | (17,034) | (22,670) | |
Depreciation and amortization | (30,480) | (22,759) | (28,753) | |
Provision (reversal) for litigations | (292) | (154) | 854 | |
Impairment of assets | 123,586 | |||
Other estimated losses, provisions and reversals | (1,063) | (6,017) | (1,433) | |
Construction cost | (12,153) | (13,478) | (14,314) | |
Other operating costs and expenses, net | 21,157 | (2,647) | (15,667) | |
EQUITY IN EARNINGS OF INVESTEES | ||||
PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX | 204,578 | 72,938 | 206,350 | |
Financial income | 53,625 | 29,454 | 38,821 | |
Financial expenses | (10,439) | (31,865) | (64,433) | |
OPERATING PROFIT (LOSS) | 247,764 | 70,527 | 180,738 | |
Income tax and social contribution | (74,791) | (10,909) | (66,785) | |
Net income (loss) | 172,973 | 59,618 | 113,953 | |
HOL [Member] | ||||
Disclosure of operating segments [line items] | ||||
NET OPERATING REVENUE | ||||
Net operating revenues - third-parties | ||||
Net operating revenues - between segments | ||||
OPERATING COSTS AND EXPENSES | (59,232) | (57,993) | (139,784) | |
Energy purchased for resale | ||||
Charges for use of the main transmission grid | ||||
Personnel and management | (21,293) | (16,961) | (22,782) | |
Pension and healthcare plans | (2,573) | (2,365) | (2,005) | |
Materials and supplies | (793) | (749) | (668) | |
Raw materials and supplies for generation | ||||
Natural gas and supplies for gas business | ||||
Third party services | (16,734) | (32,311) | (15,089) | |
Depreciation and amortization | (2,289) | (1,312) | (1,261) | |
Provision (reversal) for litigations | (9,086) | (10,528) | (93,880) | |
Impairment of assets | 3,041 | 1,648 | (4,690) | |
Other estimated losses, provisions and reversals | (2) | (14,266) | ||
Construction cost | ||||
Other operating costs and expenses, net | (9,503) | 18,851 | 591 | |
EQUITY IN EARNINGS OF INVESTEES | 6,445 | 6,713 | 14,935 | |
PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX | (52,787) | (51,280) | (124,849) | |
Financial income | 217,057 | 305,344 | 186,660 | |
Financial expenses | (304,453) | (243,169) | (331,077) | |
OPERATING PROFIT (LOSS) | (140,183) | 10,895 | (269,266) | |
Income tax and social contribution | (17,563) | 41,957 | 15,530 | |
Net income (loss) | (157,746) | 52,852 | (253,736) | |
Intersegment Operations [Member] | ||||
Disclosure of operating segments [line items] | ||||
NET OPERATING REVENUE | (1,492,727) | (1,301,155) | (891,133) | |
Net operating revenues - third-parties | (83,727) | (272,881) | ||
Net operating revenues - between segments | (1,492,727) | (1,217,428) | (618,252) | |
OPERATING COSTS AND EXPENSES | 1,492,727 | 1,276,499 | 891,133 | |
Energy purchased for resale | 1,171,493 | 972,932 | 596,565 | |
Charges for use of the main transmission grid | 245,967 | 243,629 | 195,733 | |
Personnel and management | ||||
Pension and healthcare plans | ||||
Materials and supplies | ||||
Raw materials and supplies for generation | 1,036 | 5,638 | 5,359 | |
Natural gas and supplies for gas business | ||||
Third party services | 49,206 | 62,501 | 78,131 | |
Depreciation and amortization | ||||
Provision (reversal) for litigations | ||||
Impairment of assets | (5,040) | |||
Other estimated losses, provisions and reversals | ||||
Construction cost | (19,616) | |||
Other operating costs and expenses, net | 25,025 | 16,455 | 15,345 | |
EQUITY IN EARNINGS OF INVESTEES | ||||
PROFIT (LOSS) BEFORE FINANCIAL INCOME AND TAX | (24,656) | |||
Financial income | (626) | (27,492) | (11,857) | |
Financial expenses | R$ 626 | 27,492 | 11,857 | |
OPERATING PROFIT (LOSS) | (24,656) | |||
Income tax and social contribution | 8,383 | |||
Net income (loss) | R$ 16273 |
34 Operating Segments (Detail_2
34 Operating Segments (Details 2) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating segments [line items] | |||
Contract Assets | R$ 935167 | R$ 813450 | |
Property, plant and equipment | 582,259 | 1,469,480 | R$ 1316415 |
Intangible assets | 5,032 | 7,589 | 778,386 |
Right-of-use asset | 9,353 | ||
IFRS 16 Initial adoption | 118,022 | ||
Additions for the period | 9,353 | ||
Electric Energy GET [Member] | |||
Disclosure of operating segments [line items] | |||
Contract Assets | |||
Property, plant and equipment | 522,744 | 1,160,967 | 1,077,088 |
Intangible assets | 4,272 | 6,351 | 3,996 |
Right-of-use asset | 33,461 | ||
IFRS 16 Initial adoption | 32,919 | ||
Additions for the period | 542 | ||
Electric Energy DIS [Member] | |||
Disclosure of operating segments [line items] | |||
Contract Assets | 917,577 | 797,832 | |
Property, plant and equipment | |||
Intangible assets | 757,709 | ||
Right-of-use asset | 66,621 | ||
IFRS 16 Initial adoption | 60,494 | ||
Additions for the period | 6,127 | ||
Com [Member] | |||
Disclosure of operating segments [line items] | |||
Contract Assets | |||
Property, plant and equipment | 14 | 4 | 7 |
Intangible assets | 3 | 101 | |
Right-of-use asset | 8 | ||
IFRS 16 Initial adoption | |||
Additions for the period | 8 | ||
TEL [Member] | |||
Disclosure of operating segments [line items] | |||
Contract Assets | |||
Property, plant and equipment | 59,216 | 308,242 | 238,944 |
Intangible assets | 486 | 1,235 | 2,200 |
Right-of-use asset | 9,950 | ||
IFRS 16 Initial adoption | 9,868 | ||
Additions for the period | 82 | ||
GAS [Member] | |||
Disclosure of operating segments [line items] | |||
Contract Assets | 17,590 | 15,618 | |
Property, plant and equipment | |||
Intangible assets | 13,745 | ||
Right-of-use asset | 16,933 | ||
IFRS 16 Initial adoption | 14,356 | ||
Additions for the period | 2,577 | ||
HOL [Member] | |||
Disclosure of operating segments [line items] | |||
Contract Assets | |||
Property, plant and equipment | 285 | 267 | 376 |
Intangible assets | 271 | R$ 3 | R$ 635 |
Right-of-use asset | 402 | ||
IFRS 16 Initial adoption | 385 | ||
Additions for the period | R$ 17 |
35 Financial Instruments (Detai
35 Financial Instruments (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | R$ 11435636 | R$ 10198325 | |
Total financial assets, fair value | 11,659,433 | 10,375,829 | |
Total financial liabilities, book value | 15,162,190 | 14,331,412 | |
Total financial liabilities, fair value | 15,229,002 | 14,349,047 | |
Financial Liabilities at Amortised Cost [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | 14,909,014 | 14,320,405 | |
Total financial liabilities, fair value | 14,975,826 | 14,338,040 | |
Financial Liabilities at Amortised Cost [Member] | Sectorial Financial Liabilities [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | [1] | 102,284 | 96,531 |
Total financial liabilities, fair value | [1] | 102,284 | 96,531 |
Financial Liabilities at Amortised Cost [Member] | Ordinary Financing of Taxes With The Federal Tax Authorities [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | 18,063 | 86,632 | |
Total financial liabilities, fair value | 18,001 | 84,383 | |
Financial Liabilities at Amortised Cost [Member] | Special Tax Regularization Program - Pert [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | [2] | 497,207 | 518,442 |
Total financial liabilities, fair value | [2] | 446,448 | 469,304 |
Financial Liabilities at Amortised Cost [Member] | Suppliers [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | 1,873,193 | 1,469,199 | |
Total financial liabilities, fair value | 1,873,193 | 1,469,199 | |
Financial Liabilities at Amortised Cost [Member] | Loans and Financing [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | [2] | 3,168,710 | 4,047,307 |
Total financial liabilities, fair value | [2] | 3,204,188 | 4,012,621 |
Financial Liabilities at Amortised Cost [Member] | Debentures [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | [3] | 8,540,366 | 7,518,131 |
Total financial liabilities, fair value | [3] | 8,540,366 | 7,518,133 |
Financial Liabilities at Amortised Cost [Member] | Payable Related To Concession [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | [4] | 612,587 | 584,163 |
Total financial liabilities, fair value | [4] | 694,742 | 687,869 |
Financial Liabilities at Amortised Cost [Member] | Fair Value In the Purchase and Sale of Power [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | [5] | 251,973 | 11,007 |
Total financial liabilities, fair value | [5] | 251,973 | 11,007 |
Financial Liabilities at Amortised Cost [Member] | Derivatives Fair Value - Forward Contracts [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | 1,203 | ||
Total financial liabilities, fair value | 1,203 | ||
Financial Liabilities at Amortised Cost [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial liabilities, book value | 253,176 | 11,007 | |
Total financial liabilities, fair value | 253,176 | 11,007 | |
Fair Value Through Profit Or Loss [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | 4,942,562 | 3,498,102 | |
Total financial assets, fair value | 4,942,562 | 3,498,102 | |
Fair Value Through Profit Or Loss [Member] | Cash And Cash Equivalents [Member] | Level 1 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [1] | 2,941,727 | 1,948,409 |
Total financial assets, fair value | 2,941,727 | 1,948,409 | |
Fair Value Through Profit Or Loss [Member] | Bonds And Securities [Member] | Level 1 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [6] | 2,429 | 696 |
Total financial assets, fair value | [6] | 2,429 | 696 |
Fair Value Through Profit Or Loss [Member] | Bonds And Securities [Member] | Level 2 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [6] | 279,652 | 343,600 |
Total financial assets, fair value | [6] | 279,652 | 343,600 |
Fair Value Through Profit Or Loss [Member] | Accounts Receivable Related To The Distribution Concession [Member] | Level 3 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [7] | 1,161,203 | 1,105,282 |
Total financial assets, fair value | [7] | 1,161,203 | 1,105,282 |
Fair Value Through Profit Or Loss [Member] | Accounts Receivable Related To The Generation Concession [Member] | Level 1 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [8] | 65,811 | |
Total financial assets, fair value | [8] | 65,811 | |
Fair Value Through Profit Or Loss [Member] | Accounts Receivable Related To The Generation Concession [Member] | Level 3 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [8] | 69,182 | |
Total financial assets, fair value | [8] | 69,182 | |
Fair Value Through Profit Or Loss [Member] | Fair Value In The Purchase And Sale Of Power In The Active Market [Member] | Level 3 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [9] | 460,635 | 14,793 |
Total financial assets, fair value | [9] | 460,635 | 14,793 |
Fair Value Through Profit Or Loss [Member] | Other Temporary Investments [Member] | Level 1 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [10] | 15,566 | 11,557 |
Total financial assets, fair value | [10] | 15,566 | 11,557 |
Fair Value Through Profit Or Loss [Member] | Other Temporary Investments [Member] | Level 2 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [10] | 12,168 | 7,954 |
Total financial assets, fair value | [10] | 12,168 | 7,954 |
Financial Assets at Amortised Cost [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | 6,493,074 | 6,700,223 | |
Total financial assets, fair value | 6,716,871 | 6,877,727 | |
Financial Assets at Amortised Cost [Member] | Collaterals And Escrow Accounts [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [1] | 147 | 203 |
Total financial assets, fair value | [1] | 147 | 203 |
Financial Assets at Amortised Cost [Member] | Collaterals And Escrow Accounts [Member] | Level 2 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [2] | 89,555 | |
Total financial assets, fair value | [2] | 76,524 | |
Financial Assets at Amortised Cost [Member] | Collaterals And Escrow Accounts [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [2] | 98,433 | |
Total financial assets, fair value | [2] | 102,733 | |
Financial Assets at Amortised Cost [Member] | Trade Accounts Receivable [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [1] | 3,182,567 | 3,107,006 |
Total financial assets, fair value | [1] | 3,182,567 | 3,107,006 |
Financial Assets at Amortised Cost [Member] | CRC Transferred To The Parana State Government [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [11] | 1,350,685 | 1,445,042 |
Total financial assets, fair value | [11] | 1,479,683 | 1,546,469 |
Financial Assets at Amortised Cost [Member] | Sectorial Financial Assets [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [1] | 473,989 | 678,819 |
Total financial assets, fair value | [1] | 473,989 | 678,819 |
Financial Assets at Amortised Cost [Member] | Accounts Receivable Related To The Concession - RBSE [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [7] | 739,269 | |
Total financial assets, fair value | [7] | 739,269 | |
Financial Assets at Amortised Cost [Member] | Accounts Receivable Related To The Concession - RBSE [Member] | Level 1 of Fair Value Hierarchy [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [7] | 753,826 | |
Total financial assets, fair value | [7] | 753,826 | |
Financial Assets at Amortised Cost [Member] | Accounts Receivable Related To The Concession - Bonus From The Grant [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Total financial assets, book value | [12] | 647,984 | 625,772 |
Total financial assets, fair value | [12] | R$ 738483 | R$ 714880 |
[1] | Equivalent to their respective carrying values due to their nature and terms of realization. | ||
[2] | The cost of the last borrowing taken out by the Company is used as a basic assumption 120.0% of CDI, for discount of the expected payment flows. | ||
[3] | Calculated from the Unit Price quotation (PU) for December 31, 2019, obtained from the Brazilian Association of Financial and Capital Markets (ANBIMA), net of unamortized financial cost. | ||
[4] | Actual net discount rate of 8.26% p.a., in line with the Company's estimated rate for long-term projects. | ||
[5] | Buildings under construction. | ||
[6] | Fair value is calculated based on information made available by the financial agents and the market values of the bonds issued by the Brazilian government. | ||
[7] | The criteria are disclosed in Note 4.4 to the financial statements. | ||
[8] | The fair values of generation assets approximate their carrying amounts, according to Note 4.4 of these Financial Statements. | ||
[9] | The fair values of assets and liabilities are equivalent to their carrying amounts according to Note 4.15 of these Financial Statements. | ||
[10] | Investments in other companies, stated at fair value, which is calculated according to the price quotations published in an active market, for assets classified as level 1 and determined in view of the comparative assessment model for assets classified as level 2. | ||
[11] | The Company based its calculation on the comparison with a long-term and post-fixed National Treasury Bond (NTN-B) maturing on August 15, 2026, which yields approximately 2.74% p.a. plus the IPCA inflation index. | ||
[12] | Receivables related to the concession agreement for providing electricity generation services under quota arrangements, having their fair value calculated by expected cash inflows, discounted at the rate established by ANEEL auction notice 12/2015 (9.04%). |
35 Financial Instruments (Det_2
35 Financial Instruments (Details 1) - Credit Risk [Member] - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | R$ 10975001 | R$ 10183532 | |
Cash And Cash Equivalents [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [1] | 2,941,727 | 1,948,409 |
Bonds And Securities [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [1] | 282,081 | 344,296 |
Pledges And Restricted Deposits Linked [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [1] | 98,580 | 89,758 |
Trade Accounts Receivable [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [2] | 3,182,567 | 3,107,006 |
CRC Transferred To The Parana State Government [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [3] | 1,350,685 | 1,445,042 |
Sectorial Financial Assets [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [4] | 473,989 | 678,819 |
Accounts Receivable - Distribution Concession [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [5] | 1,161,203 | 1,105,282 |
Accounts Receivable - Concessions - Bonus From The Grant [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [6] | 647,984 | 625,772 |
Accounts Receivable - Generation Concessions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [7] | 69,182 | 65,811 |
Other Temporary Investments [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [8] | 27,734 | 19,511 |
Accounts Receivable - Concessions - RBSE [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Exposure to credit risk | [9] | R$ 739269 | R$ 753826 |
[1] | The Company manages the credit risk of its assets in accordance with the Management's policy of investing virtually all of its funds in federal banking institutions. As a result of legal and/or regulatory requirements, in exceptional circumstances the Company may invest funds in prime private banks. | ||
[2] | The risk arises from the possibility that the Company might incur losses resulting from difficulties to receive its billings to customers. This risk is directly related to internal and external factors to Copel. To mitigate this type of risk, the Company manages its accounts receivable, detecting defaulting consumers, implementing specific collection policies and suspending the supply and/or recording of energy and the provision of service, as established in contract and regulatory standards | ||
[3] | Management believes this credit risk is low because repayments are secured by resources from dividends. | ||
[4] | Management considers the risk of this credit to be reduced, since the agreements signed guarantee the unconditional right to receive cash at the end of the concession to be paid by the Concession Grantor, corresponding to the costs not recovered through the tariff. | ||
[5] | Management considers the risk of this credit to be reduced, since the agreements signed guarantee the unconditional right to receive cash at the end of the concession to be paid by the Concession Grantor, referring to investments in infrastructure not recovered through the tariff. | ||
[6] | Management considers the credit risk reduced to the balance of RBSE assets, even in light of the injunctions that temporarily reduced the RAP to be received, as described in Note 10.4. | ||
[7] | For the generation concession assets, ANEEL published Normative Resolution 596/2013, which deals with the definition of criteria for calculating the New replacement value (Valor novo de reposicao - VNR, in Portuguese), for the purposes of indemnification. Management's expectation of indemnification for these assets supports recoverability of the balances recorded, as described in Note 10.5. | ||
[8] | This risk arises from the possibility that the Company might incur losses resulting from the volatility on the stock market. This type of risk involves external factors and has been managed through periodic assessment of the variations occurred in the market. | ||
[9] | Within 180 days from the end of each fiscal year, in the totality of the insufficiency that occurs to reach the Minimum Economic and Financial Sustainability Parameter. |
35 Financial Instruments (Det_3
35 Financial Instruments (Details 2) - Liquidity Risk [Member] R$ in Thousands | Dec. 31, 2019BRL (R$) |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | R$ 19131996 |
Loans and Financing [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 4,184,163 |
Debentures [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 10,413,434 |
Accounts Payable Related To Concession [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 1,799,880 |
Suppliers [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 1,873,193 |
Ordinary Financing of Taxes With The Federal Tax Authorities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 18,154 |
Special Tax Regularization Program - Pert [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 605,693 |
Sectorial Financial Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 108,367 |
Lease Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 126,999 |
Less Than 1 Month [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 1,756,769 |
Less Than 1 Month [Member] | Loans and Financing [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 31,783 |
Less Than 1 Month [Member] | Debentures [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 391,329 |
Less Than 1 Month [Member] | Accounts Payable Related To Concession [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 6,099 |
Less Than 1 Month [Member] | Suppliers [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 1,313,913 |
Less Than 1 Month [Member] | Ordinary Financing of Taxes With The Federal Tax Authorities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 6,037 |
Less Than 1 Month [Member] | Special Tax Regularization Program - Pert [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 4,122 |
Less Than 1 Month [Member] | Sectorial Financial Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | |
Less Than 1 Month [Member] | Lease Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 3,485 |
1 To 3 Months [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 508,576 |
1 To 3 Months [Member] | Loans and Financing [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 115,995 |
1 To 3 Months [Member] | Debentures [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 61,304 |
1 To 3 Months [Member] | Accounts Payable Related To Concession [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 12,198 |
1 To 3 Months [Member] | Suppliers [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 291,700 |
1 To 3 Months [Member] | Ordinary Financing of Taxes With The Federal Tax Authorities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 12,117 |
1 To 3 Months [Member] | Special Tax Regularization Program - Pert [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 8,282 |
1 To 3 Months [Member] | Sectorial Financial Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | |
1 To 3 Months [Member] | Lease Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 6,980 |
3 Months To 1 Year [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 1,610,184 |
3 Months To 1 Year [Member] | Loans and Financing [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 308,094 |
3 Months To 1 Year [Member] | Debentures [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 1,049,225 |
3 Months To 1 Year [Member] | Accounts Payable Related To Concession [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 56,222 |
3 Months To 1 Year [Member] | Suppliers [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 127,030 |
3 Months To 1 Year [Member] | Ordinary Financing of Taxes With The Federal Tax Authorities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | |
3 Months To 1 Year [Member] | Special Tax Regularization Program - Pert [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 37,820 |
3 Months To 1 Year [Member] | Sectorial Financial Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | |
3 Months To 1 Year [Member] | Lease Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 31,793 |
1 to 5 Years [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 10,193,923 |
1 to 5 Years [Member] | Loans and Financing [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 2,063,354 |
1 to 5 Years [Member] | Debentures [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 7,256,323 |
1 to 5 Years [Member] | Accounts Payable Related To Concession [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 336,027 |
1 to 5 Years [Member] | Suppliers [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 140,550 |
1 to 5 Years [Member] | Ordinary Financing of Taxes With The Federal Tax Authorities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | |
1 to 5 Years [Member] | Special Tax Regularization Program - Pert [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 219,788 |
1 to 5 Years [Member] | Sectorial Financial Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 108,367 |
1 to 5 Years [Member] | Lease Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 73,515 |
Over 5 Years [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 5,057,996 |
Over 5 Years [Member] | Loans and Financing [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 1,666,502 |
Over 5 Years [Member] | Debentures [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 1,655,253 |
Over 5 Years [Member] | Accounts Payable Related To Concession [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 1,389,334 |
Over 5 Years [Member] | Suppliers [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | |
Over 5 Years [Member] | Ordinary Financing of Taxes With The Federal Tax Authorities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | |
Over 5 Years [Member] | Special Tax Regularization Program - Pert [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | 335,681 |
Over 5 Years [Member] | Sectorial Financial Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | |
Over 5 Years [Member] | Lease Liabilities [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Total financial liabilities under undiscounted cash flow | R$ 11226 |
35 Financial Instruments (Det_4
35 Financial Instruments (Details 3) - Foreign Exchange Risk [Member] - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2020 | |
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets, Baseline | R$ 98433 | |
Financial assets, projected probable | R$ 13903 | |
Financial assets, projected scenario 1 | 14,181 | |
Financial assets, projected scenario 2 | 42,265 | |
Financial liabilities, Baseline | R$ 410588 | |
Financial liabilities, projected probable | 57,992 | |
Financial liabilities, projected scenario 1 | 175,137 | |
Financial liabilities, projected scenario 2 | 292,282 | |
Loans and Financing [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets and liabilities risk | USD appreciation | |
Financial liabilities, Baseline | R$ 108983 | |
Financial liabilities, projected probable | (4,578) | |
Financial liabilities, projected scenario 1 | (32,968) | |
Financial liabilities, projected scenario 2 | (61,358) | |
Suppliers - Eletrobras (Itaipu) [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets and liabilities risk | USD appreciation | |
Financial liabilities, Baseline | R$ 222431 | |
Financial liabilities, projected probable | 31,416 | |
Financial liabilities, projected scenario 1 | 94,878 | |
Financial liabilities, projected scenario 2 | 158,340 | |
Suppliers - Acquisition Of Gas [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets and liabilities risk | USD appreciation | |
Financial liabilities, Baseline | R$ 79174 | |
Financial liabilities, projected probable | 11,183 | |
Financial liabilities, projected scenario 1 | 33,772 | |
Financial liabilities, projected scenario 2 | 56,361 | |
Collaterals And Escrow Accounts - Stn [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial assets and liabilities risk | USD depreciation | |
Financial assets, Baseline | R$ 98433 | |
Financial assets, projected probable | 13,903 | |
Financial assets, projected scenario 1 | 14,181 | |
Financial assets, projected scenario 2 | R$ 42265 |
35 Financial Instruments (Det_5
35 Financial Instruments (Details 4) - Foreign Exchange Risk [Member] R$ in Thousands | 12 Months Ended |
Dec. 31, 2019BRL (R$) | |
Exchange rate Variation - Increase [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Gains (losses) on operations with derivative financial instruments, Exchange rate variation | Increase |
Gains (losses) on operations with derivative financial instruments, Baseline | R$ 1203 |
Gains (losses) on operations with derivative financial instruments, Projected scenario 1 | 23,777 |
Gains (losses) on operations with derivative financial instruments, Projected scenario 2 | R$ 48757 |
Exchange rate Variation - Decrease [Member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Gains (losses) on operations with derivative financial instruments, Exchange rate variation | Decrease |
Gains (losses) on operations with derivative financial instruments, Baseline | R$ 1203 |
Gains (losses) on operations with derivative financial instruments, Projected scenario 1 | (26,183) |
Gains (losses) on operations with derivative financial instruments, Projected scenario 2 | R$ 51163 |
35 Financial Instruments (Det_6
35 Financial Instruments (Details 5) - Interest Rate Risk And Monetary Variation [Member] - BRL (R$) R$ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 30, 2019 | Dec. 31, 2020 | ||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets, Baseline | R$ 4724540 | |||
Financial assets, projected probable | R$ 162180 | |||
Financial assets, projected scenario 1 | 121,640 | |||
Financial assets, projected scenario 2 | 81,104 | |||
Financial liabilities, Baseline | R$ 12830234 | |||
Financial liabilities, projected probable | (456,464) | |||
Financial liabilities, projected scenario 1 | (570,580) | |||
Financial liabilities, projected scenario 2 | (684,697) | |||
Banco Do Brasil [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High CDI | |||
Financial liabilities, Baseline | R$ 679976 | |||
Financial liabilities, projected probable | (22,099) | |||
Financial liabilities, projected scenario 1 | (27,624) | |||
Financial liabilities, projected scenario 2 | (33,149) | |||
BNDES [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High TJLP | |||
Financial liabilities, Baseline | R$ 2198064 | |||
Financial liabilities, projected probable | (144,299) | |||
Financial liabilities, projected scenario 1 | (142,874) | |||
Financial liabilities, projected scenario 2 | (171,449) | |||
BNDES [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High IPCA | |||
Financial liabilities, Baseline | R$ 8288 | |||
Financial liabilities, projected probable | (209) | |||
Financial liabilities, projected scenario 1 | (261) | |||
Financial liabilities, projected scenario 2 | (213) | |||
Banco Do Brasil - BNDES Transfer [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High TJLP | |||
Financial liabilities, Baseline | R$ 95807 | |||
Financial liabilities, projected probable | (4,982) | |||
Financial liabilities, projected scenario 1 | (6,227) | |||
Financial liabilities, projected scenario 2 | (7,473) | |||
Caixa Economica Federal [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High TJLP | |||
Financial liabilities, Baseline | R$ 331 | |||
Financial liabilities, projected probable | (17) | |||
Financial liabilities, projected scenario 1 | (22) | |||
Financial liabilities, projected scenario 2 | (26) | |||
Other [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | No risk | |||
Financial liabilities, Baseline | R$ 77261 | |||
Financial liabilities, projected probable | ||||
Financial liabilities, projected scenario 1 | ||||
Financial liabilities, projected scenario 2 | ||||
Debentures [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High CDI/SELIC | |||
Financial liabilities, Baseline | R$ 6464603 | |||
Financial liabilities, projected probable | (210,100) | |||
Financial liabilities, projected scenario 1 | (262,624) | |||
Financial liabilities, projected scenario 2 | (315,149) | |||
2nd Issue De Debentures [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High IPCA | |||
Financial liabilities, Baseline | R$ 1950591 | |||
Financial liabilities, projected probable | (49,155) | |||
Financial liabilities, projected scenario 1 | (61,444) | |||
Financial liabilities, projected scenario 2 | 73,732 | |||
3rd Issue De Debentures [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High TJLP | |||
Financial liabilities, Baseline | R$ 125172 | |||
Financial liabilities, projected probable | (6,509) | |||
Financial liabilities, projected scenario 1 | (8,136) | |||
Financial liabilities, projected scenario 2 | (9,763) | |||
Sectorial Financial Liabilities [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High Selic | |||
Financial liabilities, Baseline | R$ 102284 | |||
Financial liabilities, projected probable | (3,324) | |||
Financial liabilities, projected scenario 1 | (4,155) | |||
Financial liabilities, projected scenario 2 | (4,986) | |||
Ordinary Financing of Taxes With The Federal Tax Authorities [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High Selic | |||
Financial liabilities, Baseline | R$ 18063 | |||
Financial liabilities, projected probable | (587) | |||
Financial liabilities, projected scenario 1 | 734 | |||
Financial liabilities, projected scenario 2 | 881 | |||
Special Tax Regularization Program - Pert [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High Selic | |||
Financial liabilities, Baseline | R$ 497207 | |||
Financial liabilities, projected probable | (16,159) | |||
Financial liabilities, projected scenario 1 | (20,199) | |||
Financial liabilities, projected scenario 2 | (24,239) | |||
Accounts Payable Related To Concession [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High IGP-M | |||
Financial liabilities, Baseline | R$ 563756 | |||
Financial liabilities, projected probable | (27,793) | |||
Financial liabilities, projected scenario 1 | (34,741) | |||
Financial liabilities, projected scenario 2 | (41,690) | |||
Accounts Payable Related To Concession [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | High IPCA | |||
Financial liabilities, Baseline | R$ 48831 | |||
Financial liabilities, projected probable | (1,231) | |||
Financial liabilities, projected scenario 1 | (1,538) | |||
Financial liabilities, projected scenario 2 | (1,846) | |||
Bonds And Securities [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | Low CDI/SELIC | |||
Financial assets, Baseline | R$ 282081 | |||
Financial assets, projected probable | 9,168 | |||
Financial assets, projected scenario 1 | 6,876 | |||
Financial assets, projected scenario 2 | 4,584 | |||
Collaterals And Escrow Accounts [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | Low CDI/SELIC | |||
Financial assets, Baseline | R$ 147 | |||
Financial assets, projected probable | 5 | |||
Financial assets, projected scenario 1 | 4 | |||
Financial assets, projected scenario 2 | 2 | |||
CRC Transferred To The Parana State Government [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | Low IGP-DI | |||
Financial assets, Baseline | R$ 1350685 | |||
Financial assets, projected probable | 66,589 | |||
Financial assets, projected scenario 1 | 49,942 | |||
Financial assets, projected scenario 2 | 33,294 | |||
Sectorial Financial Assets [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | Low Selic | |||
Financial assets, Baseline | R$ 473989 | |||
Financial assets, projected probable | 15,405 | |||
Financial assets, projected scenario 1 | 11,553 | |||
Financial assets, projected scenario 2 | 7,702 | |||
Accounts Receivable - Concessions [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | Low IPCA | |||
Financial assets, Baseline | R$ 2548456 | |||
Financial assets, projected probable | 64,221 | |||
Financial assets, projected scenario 1 | 48,166 | |||
Financial assets, projected scenario 2 | 32,111 | |||
Accounts Receivable - Generation Concessions [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial assets and liabilities risk | [1] | Undefined | ||
Financial assets, Baseline | R$ 69182 | |||
Financial assets, projected probable | ||||
Financial assets, projected scenario 1 | ||||
Financial assets, projected scenario 2 | ||||
[1] | Risk assessment still requires ruling by the Granting Authority. |
35 Financial Instruments (Det_7
35 Financial Instruments (Details 6) | 12 Months Ended | |
Dec. 31, 2019 | ||
Until 2020 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Indicator | Economic - financial efficiency and quality | |
Criteria | 2 consecutive years or at the end of the 5-year period (2020) | |
Penalties | Extinction of the dividend | |
Until 2020 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Indicator | Quality Indicators | |
Criteria | 2 consecutive years or 3 times | |
Penalties | Distribution limitation concession and interest on equity | |
Until 2020 [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Indicator | Economic - financial efficiency | |
Criteria | In 5 years in the base year | |
Penalties | Capital Increase (a) | [1] |
From The 6th Year Of (2021) [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Indicator | Economic and financial efficiency | |
Criteria | 2 consecutive years | |
Penalties | Concession termination | |
From The 6th Year Of (2021) [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Indicator | Quality Indicators | |
Criteria | 3 consecutive years | |
Penalties | Concession termination | |
[1] | Within 180 days from the end of each fiscal year, in the totality of the insufficiency that occurs to reach the Minimum Economic and Financial Sustainability Parameter. |
35 Financial Instruments (Det_8
35 Financial Instruments (Details 7) - Risk Of Non-Renewal Of Concessions - Distribution of Electricity [Member] | 12 Months Ended | |
Dec. 31, 2019 | ||
2016 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Quality (limit established) DECi | 13.61 | [1],[2] |
Quality (limit established) FECi | 9.24 | [1],[2] |
Quality (performed) DECi | 10.80 | |
Quality (performed) FECi | 7.14 | |
2017 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Economic and Financial Management | EBITDA = 0 | [3] |
Quality (limit established) DECi | 12.54 | [1],[2] |
Quality (limit established) FECi | 8.74 | [1],[2] |
Quality (performed) DECi | 10.41 | |
Quality (performed) FECi | 6.79 | |
2018 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Economic and Financial Management | EBITDA (-) QRR = 0 | [4] |
Quality (limit established) DECi | 11.23 | [1],[2] |
Quality (limit established) FECi | 8.24 | [1],[2] |
Quality (performed) DECi | 10.29 | |
Quality (performed) FECi | 6.20 | |
2019 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Economic and Financial Management | {Net Debt / [EBITDA (-) QRR]} ≤ 1 / (0.8 * SELIC) | [5] |
Quality (limit established) DECi | 10.12 | [1],[2] |
Quality (limit established) FECi | 7.74 | [1],[2] |
Quality (performed) DECi | 9,10 | [6] |
Quality (performed) FECi | 6,00 | [6] |
2020 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Economic and Financial Management | {Net Debt / [EBITDA (-) QRR]} ≤ 1 / (1.11 * SELIC) | [5] |
Quality (limit established) DECi | 9.83 | [1],[2] |
Quality (limit established) FECi | 7.24 | [1],[2] |
[1] | According to Aneel's Technical Note No. 0335/2015. | |
[2] | DECi - Equivalent Time of Interruption Caused by Internal Source per Consumer Unit; and FECi - Equivalent Frequency of Interruption Caused by Internal Source per Consumer Unit. | |
[3] | Regulatory EBTIDA adjusted for non-recurring events (Voluntary retirement program, post-employment benefit, provisions and reversals) according to sub-clause six, of the Fifth Amendment to the Concession Agreement. | |
[4] | QRR: Regulatory Reintegration Quota or Regulatory Depreciation Expense. This is the value defined in the most recent Periodical Tariff Review (RTP), plus General Market Price Index (IGPM) variation between the month preceding the RTP and the month preceding the twelve-month period of the economic and financial sustainability measurement. | |
[5] | Selic: limited to 12.87% p.y. | |
[6] | DECi / FECi in 2019: preliminary data |
35 Financial Instruments (Det_9
35 Financial Instruments (Details 8) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of detailed information about financial instruments [line items] | ||
Net | R$ 11435636 | R$ 10198325 |
Risk Related To Price Of Power Purchase And Sale Transactions [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Current assets | 13,540 | |
Noncurrent assets | 447,095 | |
Net assets | 460,635 | |
Current liabilities | (7,152) | |
Noncurrent liabilities | (244,821) | |
Net liabilities | (251,973) | |
Net Current | 6,388 | |
Net Noncurrent | 202,274 | |
Net | R$ 208662 |
35 Financial Instruments (De_10
35 Financial Instruments (Details 9) - Risk Related To Price Of Power Purchase And Sale Transactions [Member] R$ in Thousands | 12 Months Ended |
Dec. 31, 2019BRL (R$) | |
Increase [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Gains (losses) on purchase and sale of energy in active market, Price variation | Increase |
Gains (losses) on purchase and sale of energy in active market, Baseline | R$ 208662 |
Gains (losses) on purchase and sale of energy in active market, Projected Scenario Probable | 192,103 |
Gains (losses) on purchase and sale of energy in active market, Projected Scenario 1 | 270,953 |
Gains (losses) on purchase and sale of energy in active market, Projected Scenario 2 | R$ 349803 |
Decrease [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Gains (losses) on purchase and sale of energy in active market, Price variation | Decrease |
Gains (losses) on purchase and sale of energy in active market, Baseline | R$ 208662 |
Gains (losses) on purchase and sale of energy in active market, Projected Scenario Probable | 192,103 |
Gains (losses) on purchase and sale of energy in active market, Projected Scenario 1 | 113,253 |
Gains (losses) on purchase and sale of energy in active market, Projected Scenario 2 | R$ 34402 |
35 Financial Instruments (De_11
35 Financial Instruments (Details 10) - BRL (R$) R$ / shares in Units, R$ in Thousands | Jan. 02, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 |
Disclosure of detailed information about financial instruments [line items] | |||||
Less: Cash and cash equivalents | R$ 2941727 | R$ 1948409 | R$ 1040075 | R$ 982073 | |
Net income | R$ 2070551 | 2,062,869 | 1,444,004 | 1,118,255 | |
Deferred IRPJ and CSLL | 205,771 | (68,072) | (105,257) | ||
Provision for IRPJ and CSLL | 433,555 | 580,065 | 379,943 | ||
Depreciation and amortization | 1,093,836 | 749,179 | R$ 731599 | ||
Capital Management Risk [Member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Loans and financing | 3,142,383 | 4,047,307 | |||
Debentures | 8,429,710 | 7,518,131 | |||
Less: Cash and cash equivalents | (2,941,727) | (1,948,409) | |||
Less: Bonds and securities (current) | (3,112) | (124,862) | |||
Less: Bonds and securities (noncurrent) | (121,617) | (112,604) | |||
Less: Collaterals and escrow accounts STN | (98,433) | (89,555) | |||
Adjusted net debt | 8,407,204 | 9,290,008 | |||
Net income | 2,062,869 | 1,444,004 | |||
Equity in earnings of investees | (106,757) | (135,888) | |||
Deferred IRPJ and CSLL | 205,771 | (68,072) | |||
Provision for IRPJ and CSLL | 433,555 | 580,065 | |||
Financial expenses (income), net | (488,486) | (438,050) | |||
Depreciation and amortization | 1,093,836 | 749,179 | |||
Adjusted ebitda | R$ 4177760 | R$ 3007338 | |||
Adjusted net debt / Ebitda (in R$ per share) | R$ 2.01 | R$ 3.09 |
35 Financial Instruments (De_12
35 Financial Instruments (Details 11) - BRL (R$) R$ / shares in Units, R$ in Thousands | 12 Months Ended | |||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Disclosure of detailed information about financial instruments [line items] | ||||
Less: Cash and cash equivalents | R$ 2941727 | R$ 1948409 | R$ 1040075 | R$ 982073 |
Net debt | 3,142,383 | 4,047,307 | ||
Equity | 17,598,212 | 16,336,214 | R$ 15510503 | R$ 14978142 |
Capital Management Risk [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Loans and financing | 3,142,383 | 4,047,307 | ||
Debentures | 8,429,710 | 7,518,131 | ||
Less: Cash and cash equivalents | 2,941,727 | 1,948,409 | ||
Less: Bonds and securities | 3,112 | 124,862 | ||
Capital Management Risk [Member] | Indebtedness [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Loans and financing | 3,168,710 | 4,047,307 | ||
Debentures | 8,540,366 | 7,518,131 | ||
Less: Cash and cash equivalents | 2,941,727 | 1,948,409 | ||
Less: Bonds and securities | 282,081 | 344,296 | ||
Net debt | 8,485,268 | 9,272,733 | ||
Equity | R$ 17598212 | R$ 16336214 | ||
Equity indebtedness (in R$ per share) | R$ 0.48 | R$ 0.57 |
35 Financial Instruments (De_13
35 Financial Instruments (Details Narrative) R$ in Thousands | Mar. 03, 2020 | Dec. 31, 2019BRL (R$)ExchangeMW | Dec. 31, 2018BRL (R$) |
Disclosure of detailed information about financial instruments [line items] | |||
Percentage of basic assumption of CDI | 120.00% | ||
Percentage of discounted expected cash inflows | (9.04%) | ||
Percentage of net discount rate | 8.16% | ||
Net working capital | R$ 4200 | ||
Closing foreign exchange rate (R$/USD) | Exchange | 3.70 | ||
Percentage of electric shortage risk | 64.00% | ||
Percentage of maximum electric shortage risk | 5.00% | ||
Increase (decrease) in energy reallocation mechanism | Restricted to 5% by revision or 10% in the concession period. | ||
Period for compensation of investments | 10 years | ||
Percentage of market share | 100.00% | ||
Percentage of maximum variation | 4.00% | ||
Bottom Of Range [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Extended term for thermoelectric power generation | MW | 36 | ||
Percentage of distributor contracting level | 100.00% | ||
Percentage of regulatory limits | 100.00% | ||
Top Of Range [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Final term for thermoelectric power generation | MW | 60 | ||
Percentage of distributor contracting level | 105.00% | ||
Percentage of regulatory limits | 105.00% | ||
Risk Related To Price Of Power Purchase And Sale Transactions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Closing foreign exchange rate (R$/USD) | Exchange | 4.60 | ||
Financial instruments probable scenario 1 | 25.00% | ||
Financial instruments probable scenario 2 | 50.00% | ||
Variation in relation to the net balance | 3,786 | ||
Foreign Exchange Risk [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial instruments probable scenario 1 | 25.00% | ||
Financial instruments probable scenario 2 | 50.00% | ||
Foreign Exchange Risk [Member] | Euro | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional value | R$ 22000 | ||
Interest Rate Risk And Monetary Variation [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Financial instruments probable scenario 1 | 25.00% | ||
Financial instruments probable scenario 2 | 50.00% | ||
Description of sensitivity analysis of interest rate and monetary variation risk baseline scenario | CDI/Selic: 3.25%, IPCA: 2.52%, IGP-DI: 4.93%, IGP-M: 4.83% and TJLP: 5.20% | ||
Risk Of Non-Performance Of Windfarms [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Non-performance of assets | R$ 65790 | 83,525 | |
Purchase Contracts Risk [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional value | 4,448,602 | 222,928 | |
Sale Contracts Risk [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional value | R$ 4089801 | R$ 95382 | |
National Treasury Bond (NTN-B) [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Maturity of debt instrument | Aug. 15, 2026 | ||
Percentage of debt instrument yield | 2.97% | ||
Hydroelectric Power Generation And Electric Power Transmission [Member] | Risk Of Non-Renewal Of Concessions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Extension Terms | 30 years | ||
Thermoelectric Power Generation [Member] | Risk Of Non-Renewal Of Concessions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Extension Terms | 20 years | ||
Two Plant Of Generation And Transmission [Member] | Risk Of Non-Renewal Of Concessions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Maturity terms of concessions | 5 years | ||
HPP Governador Bento Munhoz Da Rocha Netto [Member] | Risk Of Non-Renewal Of Concessions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Maturity terms of concessions | 2023 | ||
HPP Governador Bento Munhoz Da Rocha Netto [Member] | Risk Of Non-Renewal Of Concessions [Member] | Copel Geracao e Transmissao S.A. [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Extension Terms | 30 years | ||
HPP Sao Jorge [Member] | Risk Of Non-Renewal Of Concessions [Member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Maturity terms of concessions | 2024 |
36 Related Party Transactions_2
36 Related Party Transactions (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||||||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | R$ 38312550 | R$ 35930100 | |||||
Net operating revenues | 16,244,274 | 14,934,780 | R$ 14024573 | ||||
Operating costs and expenses | (11,760,176) | (11,501,688) | (10,665,890) | ||||
Controlling Shareholder [Member] | State of Parana [Member] | Dividends Payable [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | 190,664 | 112,196 | |||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Controlling Shareholder [Member] | State of Parana [Member] | CRC Transfer [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 1,350,685 | 1,445,042 | |||||
Liabilities | |||||||
Net operating revenues | 184,229 | 188,797 | 90,712 | ||||
Operating costs and expenses | |||||||
Controlling Shareholder [Member] | State of Parana [Member] | Luz Fraterna Program [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [1] | 7,478 | 10,353 | ||||
Liabilities | [1] | ||||||
Net operating revenues | [1] | ||||||
Operating costs and expenses | [1] | ||||||
Controlling Shareholder [Member] | State of Parana [Member] | 2014 World Cup Construction Work [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Controlling Shareholder [Member] | State of Parana [Member] | Morar Bem Parana Program [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | |||||||
Net operating revenues | 1,165 | ||||||
Operating costs and expenses | |||||||
Controlling Shareholder [Member] | State of Parana [Member] | Remuneration And Employ Social Security Charges Assigned [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [2] | 33 | 1,248 | ||||
Liabilities | [2] | ||||||
Net operating revenues | [2] | ||||||
Operating costs and expenses | [2] | ||||||
Controlling Shareholder [Member] | State of Parana [Member] | Telecommunication Services [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [3] | 16,312 | 15,788 | ||||
Liabilities | [3] | ||||||
Net operating revenues | [3] | 43,079 | 41,375 | 40,396 | |||
Operating costs and expenses | [3] | ||||||
Controlling Shareholder [Member] | State of Parana [Member] | Meteorological System of Parana - Simepar [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [4] | ||||||
Liabilities | [4] | 185 | 181 | ||||
Net operating revenues | [4] | ||||||
Operating costs and expenses | [4] | (2,171) | (1,559) | (1,752) | |||
Controlling Shareholder [Member] | State of Parana [Member] | Tarifa Rural Noturna Program [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [1] | 7,639 | |||||
Liabilities | [1] | ||||||
Net operating revenues | [1] | ||||||
Operating costs and expenses | [1] | ||||||
Entities With Significant Influence [Member] | BNDES And BNDESPAR [Member] | Dividends Payable [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [5] | ||||||
Liabilities | [5] | 130,204 | 80,144 | ||||
Net operating revenues | [5] | ||||||
Operating costs and expenses | [5] | ||||||
Entities With Significant Influence [Member] | BNDES And BNDESPAR [Member] | Financing [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | 2,231,409 | 2,208,920 | |||||
Net operating revenues | |||||||
Operating costs and expenses | (175,461) | (131,379) | (140,537) | ||||
Entities With Significant Influence [Member] | BNDES And BNDESPAR [Member] | Debentures Compagas [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | 11,783 | 17,651 | |||||
Net operating revenues | |||||||
Operating costs and expenses | (1,194) | (2,625) | (5,242) | ||||
Entities With Significant Influence [Member] | BNDES And BNDESPAR [Member] | Debentures Wind Farms [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [6] | ||||||
Liabilities | [6] | 253,877 | 268,286 | ||||
Net operating revenues | [6] | ||||||
Operating costs and expenses | [6] | (28,240) | (30,316) | (30,540) | |||
State Of Parana Investee [Member] | Sanepar [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 294 | [3],[7] | |||||
Liabilities | 311 | 273 | [3],[7] | ||||
Net operating revenues | 4,710 | 4,200 | [3],[7] | 3,699 | [3],[7] | ||
Operating costs and expenses | (5,852) | (5,227) | [3],[7] | (1,783) | [3],[7] | ||
State Of Parana Investee [Member] | Sanepar [Member] | Use Of Water Withdrawal From Plants Reserviors [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 144 | ||||||
Liabilities | |||||||
Net operating revenues | 480 | ||||||
Operating costs and expenses | |||||||
Joint Ventures [Member] | Voltalia Sao Miguel Do Gostoso - Mutual [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | |||||||
Net operating revenues | 294 | 3,513 | |||||
Operating costs and expenses | |||||||
Joint Ventures [Member] | Voltalia Sao Miguel Do Gostoso - Mutual [Member] | Dividends [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 1,032 | 1,032 | |||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Joint Ventures [Member] | Caiua Transmissora De Energia [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [3],[8],[9],[10] | 256 | 329 | ||||
Liabilities | [3],[8],[9],[10] | 1,512 | 285 | ||||
Net operating revenues | [3],[8],[9],[10] | 2,792 | 4,250 | 3,792 | |||
Operating costs and expenses | [3],[8],[9],[10] | (14,233) | (14,869) | (13,700) | |||
Joint Ventures [Member] | Caiua Transmissora De Energia [Member] | Dividends [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 4,443 | 3,316 | |||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Joint Ventures [Member] | Integracao Maranhense Transmissora [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [9] | [8] | [11] | ||||
Liabilities | [9] | 161 | [8] | 58 | [11] | ||
Net operating revenues | [9] | [8] | [11] | [8] | |||
Operating costs and expenses | [9] | (1,938) | [8] | (1,797) | [11] | (1,468) | [8] |
Joint Ventures [Member] | Integracao Maranhense Transmissora [Member] | Dividends [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 4,306 | 6,033 | |||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Joint Ventures [Member] | Matrincha Transmissora De Energia [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [9] | [8] | [11] | ||||
Liabilities | [9] | 829 | [8] | 316 | [11] | ||
Net operating revenues | [9] | [8] | [11] | [8] | |||
Operating costs and expenses | [9] | (10,137) | [8] | (9,514) | [11] | (6,636) | [8] |
Joint Ventures [Member] | Matrincha Transmissora De Energia [Member] | Dividends [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 31,793 | 21,470 | |||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Joint Ventures [Member] | Guaraciaba Transmissora De Energia [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [9] | [8] | [11] | ||||
Liabilities | [9] | 383 | [8] | 136 | [11] | ||
Net operating revenues | [9] | [8] | [11] | [8] | |||
Operating costs and expenses | [9] | (4,853) | [8] | (4,475) | [11] | (3,202) | [8] |
Joint Ventures [Member] | Guaraciaba Transmissora De Energia [Member] | Dividends [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 14,846 | 15,869 | |||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Joint Ventures [Member] | Paranaiba Transmissora De Energia [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [9] | [8] | [11] | ||||
Liabilities | [9] | 638 | [8] | 212 | [11] | ||
Net operating revenues | [9] | [8] | [11] | [8] | |||
Operating costs and expenses | [9] | (6,514) | [8] | (6,595) | [11] | (3,642) | [8] |
Joint Ventures [Member] | Paranaiba Transmissora De Energia [Member] | Dividends [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 5,962 | 8,544 | |||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Joint Ventures [Member] | Cantareira Transmissora de Energia [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [8] | [11] | |||||
Liabilities | 467 | [8] | 170 | [11] | |||
Net operating revenues | [8] | [11] | [8] | ||||
Operating costs and expenses | (5,403) | [8] | (1,618) | [11] | [8] | ||
Joint Ventures [Member] | Cantareira Transmissora de Energia [Member] | Dividends [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 7,286 | 1,461 | |||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Joint Ventures [Member] | Mata De Santa Genebra Transmissao [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [12] | 2,035 | [8] | 5,126 | [11] | ||
Liabilities | [12] | 10 | [8] | [11] | |||
Net operating revenues | [12] | 16,449 | [8] | 6,600 | [11] | 1,950 | [8] |
Operating costs and expenses | [12] | (340) | [8] | [11] | [8] | ||
Joint Ventures [Member] | Mata De Santa Genebra Transmissao [Member] | Dividends [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Associates [Member] | Dona Francisca Energetica S.A [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [13] | 40 | |||||
Liabilities | [13] | 1,436 | 1,436 | ||||
Net operating revenues | [13] | 145 | |||||
Operating costs and expenses | [13] | (16,905) | (16,903) | (17,031) | |||
Associates [Member] | Foz do Chopim Energetica Ltda. [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [3],[14] | 209 | 193 | ||||
Liabilities | [3],[14] | ||||||
Net operating revenues | [3],[14] | 2,538 | 2,668 | 2,063 | |||
Operating costs and expenses | [3],[14] | ||||||
Associates [Member] | Foz do Chopim Energetica Ltda. [Member] | Dividends [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | 18,071 | ||||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Associates [Member] | Foz do Chopim Energetica Ltda. [Member] | Acquisition of power plant projects | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | 19,461 | ||||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Associates [Member] | Sercomtel S.A. Telecomunicacoes [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [3],[15] | 4,436 | 2,226 | ||||
Liabilities | [3],[15] | ||||||
Net operating revenues | [3],[15] | 8,354 | 8,051 | 8,153 | |||
Operating costs and expenses | [3],[15] | (21) | (4) | (4) | |||
Key Management Staff [Member] | Fees And Social Security Charges [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | (25,860) | (27,368) | (28,876) | ||||
Key Management Staff [Member] | Pension And Healthcare Plans [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | |||||||
Net operating revenues | |||||||
Operating costs and expenses | (1,560) | (1,725) | (1,690) | ||||
Other Related Parties [Member] | Fundacao Copel [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [3] | 9 | 20 | ||||
Liabilities | [3] | ||||||
Net operating revenues | [3] | 285 | 299 | 316 | |||
Operating costs and expenses | [3] | ||||||
Other Related Parties [Member] | Fundacao Copel [Member] | Pension And Healthcare Plans [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | 1,194,936 | 968,763 | |||||
Net operating revenues | |||||||
Operating costs and expenses | |||||||
Other Related Parties [Member] | Fundacao Copel [Member] | Administrative Property Rental [Member] | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | |||||||
Liabilities | 14,662 | 312 | |||||
Net operating revenues | |||||||
Operating costs and expenses | (2,520) | (15,396) | (16,347) | ||||
Other Related Parties [Member] | Lactec | |||||||
Disclosure of transactions between related parties [line items] | |||||||
Assets | [3],[16] | 4 | |||||
Liabilities | [3],[16] | 1,507 | 1,601 | ||||
Net operating revenues | [3],[16] | 746 | |||||
Operating costs and expenses | [3],[16] | R$ 2787 | R$ 4026 | R$ 15912 | |||
[1] | The Luz Fraterna Program created under Law 491/2013 and 17,639/2013 establishes the payment of electricity consumption to benefit low-income families, residing in the State of Parana, whose properties - consumer units - are used exclusively for residential purposes, whether in urban or rural areas, and fulfill the requirements established in articles 3 and 4 of this law. In March 2018, the amount of R$ 159,274 was settled. The principal interest, fine and monetary restatement, at December 31, 2019, totaled R$ 158,849. For these charges on electricity bills for the period of September 2010 to June 2015, a lawsuit was filed against the State of Parana on November 5, 2018, relating to the payment of invoices pursuant to State Law 14,087/2003. We highlight that despite the negotiations maintained by Management, seeking to settle this debt, uncertainties still exist regarding the realization of this asset and therefore, in view of this condition, this asset was not recognized, therefore, in accordance with the current accounting standards. For the tax treatment, as determined by the Federal Revenue of Brazil in the Normative Instruction 1,753/2017, the Company has taxed this revenue. Management further emphasizes that it is making all necessary efforts and taking all necessary measures to preserve the Company's interests. The Tarifa Rural Noturna Program of the Parana State Government, regulated by Decree No. 1,288 of April 30, 2019, provides for the granting of special monthly discount on the electricity tariff and the charges resulting from this service, including on the additional tariff flags, regarding night consumption by consumers addressed by this decree. This program provides for the payment by the Parana State Government to Copel Distribuicao of the amount corresponding to 60% of the electricity consumption by the benefitted consumers, considered to be night-period consumption, as specified in Decree 1,288 of April 30, 2019. | ||||||
[2] | Reimbursement of wages and social charges for employees transferred to the Parana State Government. Balances presented are net of expected credit loss. | ||||||
[3] | Revenue of Copel TEL from telecommunications services and lease of equipment and infrastructure. | ||||||
[4] | The Meteorological System of Parana - Simepar is a supplementary unit of the Independent Social Service Parana Technology, linked to the State Department of Science, Technology and Higher Education. Simepar had contracts with Copel for services of weather forecast, meteorological reports, ampacity analysis, mapping and analyses of winds and atmospheric discharges. | ||||||
[5] | BNDES is the parent company of BNDES Participacoes S.A. - BNDESPAR, which owns Copel shares (Note 30.1). On December 22, 2018, it was ended the shareholder agreement between the State of Parana and BNDESPAR, signed on December 22, 1998. | ||||||
[6] | BNDES and BNDESPAR acquired all the debentures issued by the subsidiaries Nova Asa Branca I, Nova Asa Branca II, Nova Asa Branca III, Nova Eurus IV and Ventos de Santo Uriel. | ||||||
[7] | Basic sanitation provided by Sanepar. | ||||||
[8] | Charges for use of the transmission system due by Copel GeT, UEG Araucaria and wind farms. | ||||||
[9] | Copel DIS maintains a Contract for the Use of Transmission System (Cust) with ONS and power transmission concession operators whose subject matter is the contracting of Transmission System Use Amount (Must). Contracting is permanent and is regulated by ANEEL Normative Resolution No. 666/2015. Amounts are defined for four subsequent years, with annual reviews. | ||||||
[10] | Operation and maintenance services agreement provided by Copel GeT, maturing on May 9, 2021. Transmission System Connection Agreement - CCT executed by Copel DIS, expiring by the end of the concession agreement of the distribution or transmission company, whichever takes place first. | ||||||
[11] | Charges for the use of the Transmission System and revenue from operating and maintenance contracts, engineering services and sharing of facilities with Copel GeT. | ||||||
[12] | Agreements entered by Copel GeT: for operation and maintenance services, maturing on February 1, 2023, rendering of owner's engineering services, advisory and consulting services, maturing on May 2020, and facility sharing, maturing on January 1, 2043. | ||||||
[13] | Connection to the transmission system contracts entered by Copel GeT, Costa Oeste and Marumbi, maturing on August 17, 2031 until July 21, 2048. Power purchase and sale agreement made by Copel GeT, maturing on March 31, 2025. | ||||||
[14] | Contracts entered into by Copel GeT: for operation and maintenance, maturing on May 23, 2020, and connection to the transmission system, maturing on January 1, 2043. | ||||||
[15] | Light pole sharing agreement, signed between Sercomtel S.A. Telecomunicacoes and Copel DIS. | ||||||
[16] | The Institute of Technology for Development (Lactec) is a Public Interest Civil Society Organization (OSCIP), in which Copel is an associate. Lactec has service and R&D contracts with Copel GeT, UEGA and Copel DIS, which are subject to prior or later control and approval by ANEEL. Copel COM provides services and sells energy to the institute. |
36 Related Party Transactions_3
36 Related Party Transactions (Details 1) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019BRL (R$) | ||
Disclosure of transactions between related parties [line items] | ||
Amount endorsement/security | R$ 979234 | |
Caiua Transmissora [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Operation | Financing | [1] |
Date issued | 12.23.2013 | [1] |
Final maturity | 02.15.2029 | [1] |
Amount approved | R$ 84600 | [1] |
Sureties and guarantees balance | R$ 57542 | [1] |
Interest | 49.00% | [1] |
Amount endorsement/security | R$ 5956 | [1] |
Guaraciaba Transmissora [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Operation | Financing | |
Date issued | 09.28.2016 | |
Final maturity | 01.15.2031 | |
Amount approved | R$ 440000 | |
Sureties and guarantees balance | R$ 374894 | |
Interest | 49.00% | |
Amount endorsement/security | R$ 183698 | |
Guaraciaba Transmissora [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Operation | Debentures | |
Date issued | 07.15.2018 | |
Final maturity | 12.15.2030 | |
Amount approved | R$ 118000 | |
Sureties and guarantees balance | R$ 119561 | |
Interest | 49.00% | |
Amount endorsement/security | R$ 58585 | |
Mata de Santa Genebra [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Operation | Financing | |
Date issued | 11.30.2017 | |
Final maturity | 07.15.2033 | |
Amount approved | R$ 1018500 | |
Sureties and guarantees balance | R$ 1098965 | |
Interest | 50.10% | |
Amount endorsement/security | R$ 550581 | |
Mata de Santa Genebra [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Operation | Debentures | |
Date issued | 04.15.2019 | |
Final maturity | 11.15.2030 | |
Amount approved | R$ 210000 | |
Sureties and guarantees balance | R$ 202767 | |
Interest | 50.10% | |
Amount endorsement/security | R$ 101586 | |
Cantareira Transmissora de Energia [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Operation | Financing | [1] |
Date issued | 12.28.2016 | [1] |
Final maturity | 09.15.2032 | [1] |
Amount approved | R$ 426834 | [1] |
Sureties and guarantees balance | R$ 453020 | [1] |
Interest | 49.00% | [1] |
Amount endorsement/security | R$ 28175 | [1] |
Cantareira Transmissora de Energia [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Operation | Debentures | |
Date issued | 01.09.2018 | |
Final maturity | 08.15.2032 | |
Amount approved | R$ 100000 | |
Sureties and guarantees balance | R$ 103374 | |
Interest | 49.00% | |
Amount endorsement/security | R$ 50653 | |
[1] | Guarantee awarded of fixed amount pursuant to the contractual provisions and formal requirements of the financial institution |
36 Related Party Transactions_4
36 Related Party Transactions (Details 2) R$ in Thousands | 12 Months Ended |
Dec. 31, 2019BRL (R$) | |
Disclosure of transactions between related parties [line items] | |
Amount endorsement | R$ 106358 |
Matrincha Transmissora [Member] | |
Disclosure of transactions between related parties [line items] | |
Final maturity | Sep. 30, 2020 |
Amount insured | R$ 90000 |
Endorsement percent, Copel GeT | 49.00% |
Amount endorsement | R$ 44100 |
Guaraciaba Transmissora [Member] | |
Disclosure of transactions between related parties [line items] | |
Final maturity | Apr. 30, 2020 |
Amount insured | R$ 47000 |
Endorsement percent, Copel GeT | 49.00% |
Amount endorsement | R$ 23030 |
Mata de Santa Genebra [Member] | |
Disclosure of transactions between related parties [line items] | |
Final maturity | May 31, 2020 |
Amount insured | R$ 78300 |
Endorsement percent, Copel GeT | 50.10% |
Amount endorsement | R$ 39228 |
36 Related Party Transactions_5
36 Related Party Transactions (Details Narrative) - Financial Guarantee [Member] - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2019 | Dec. 31, 2018 | |
Copel Geracao e Transmissao S.A. [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Provision of guarantees or collateral by entity, related party transactions | R$ 4005 | R$ 3246 |
Copel Comercializacao S.A. [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Provision of guarantees or collateral by entity, related party transactions | R$ 21846 | R$ 79358 |
37 Commitments (Details)
37 Commitments (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
Energy Purchase and Transportation Contracts [Member] | ||
DisclosureOfCommitmentsLineItems [Line Items] | ||
Commitments | R$ 137279155 | R$ 140638024 |
Construction of Transmission Grid and Substations [Member] | ||
DisclosureOfCommitmentsLineItems [Line Items] | ||
Commitments | 115,732 | 214,086 |
Construction Of HPP Colider Power Plant [Member] | ||
DisclosureOfCommitmentsLineItems [Line Items] | ||
Commitments | 36,303 | |
Construction Of HPP BaixoIguacu [Member] | ||
DisclosureOfCommitmentsLineItems [Line Items] | ||
Commitments | 202,668 | |
Construction Of Cutia Wind Farm [Member] | ||
DisclosureOfCommitmentsLineItems [Line Items] | ||
Commitments | 40,392 | |
Telecommunications Works [Member] | ||
DisclosureOfCommitmentsLineItems [Line Items] | ||
Commitments | 90,769 | 115,710 |
Acquisition Of Assets For Electricity Distribution [Member] | ||
DisclosureOfCommitmentsLineItems [Line Items] | ||
Commitments | 428,441 | 528,109 |
Gas Purchase Contracts [Member] | ||
DisclosureOfCommitmentsLineItems [Line Items] | ||
Commitments | 859,211 | R$ 1339848 |
Construction Of SHP Bela Vista [Member] | ||
DisclosureOfCommitmentsLineItems [Line Items] | ||
Commitments | R$ 111481 |
38 Insurance (Details)
38 Insurance (Details) R$ in Thousands | 12 Months Ended |
Dec. 31, 2019BRL (R$) | |
Operational Risks HPP Baixo Iguacu [Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | May 31, 2020 |
Insured amount | R$ 2233183 |
Operational Risks HPP Colider [Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | Jan. 11, 2020 |
Insured amount | R$ 2166984 |
Cutia and Bento Miguel[Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | Mar. 29, 2020 |
Insured amount | R$ 2165557 |
Nominated Risks [Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | Aug. 24, 2020 |
Insured amount | R$ 2069590 |
Operational Risks UEG Araucaria [Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | May 31, 2020 |
Insured amount | R$ 684130 |
Operational Risks Brisa Potiguar [Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | Jun. 27, 2020 |
Insured amount | R$ 890763 |
Operational Risks HPP Governador Jayme Canet Junior [Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | Nov. 23, 2020 |
Insured amount | R$ 799290 |
Fire Company Owned and Rented Facilities [Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | Aug. 24, 2020 |
Insured amount | R$ 662791 |
Operational Risks Sao Bento [Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | Jun. 27, 2020 |
Insured amount | R$ 569835 |
Multi Risk Elejor [Member] | |
Disclosure of types of insurance contracts [line items] | |
End of term | Mar. 11, 2021 |
Insured amount | R$ 302984 |
38 Insurance (Details Narrative
38 Insurance (Details Narrative) | Dec. 31, 2019Exchange |
Disclosure of types of insurance contracts [line items] | |
Insured of operating risks | 3.70 |
Operational Risks UEG Araucaria [Member] | |
Disclosure of types of insurance contracts [line items] | |
Insured of operating risks | 4.0307 |
39 Additional information to _2
39 Additional information to the Statement of Cash Flows (Details Narrative) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
AdditionalInformationToStatementOfCashFlowsLineItems [Line Items] | |||
Contract Assets | R$ 1039234 | R$ 813450 | R$ 778386 |
Investment for future capital increase | 267,471 | 87,781 | |
Property, plant and equipment acquisitions | 551,162 | 1,455,318 | 1,318,336 |
Right-of-use assets | 92,831 | ||
Purchases Made in Installments and Not Settled [Member] | |||
AdditionalInformationToStatementOfCashFlowsLineItems [Line Items] | |||
Contract Assets | 48,068 | 50,927 | 30,312 |
Property, plant and equipment acquisitions | 52,446 | R$ 71454 | R$ 123268 |
Foz Do Chopim Energetica Ltda [Member] | |||
AdditionalInformationToStatementOfCashFlowsLineItems [Line Items] | |||
Investment for future capital increase | R$ 19461 |
40 Subsequent events (Details N
40 Subsequent events (Details Narrative) - MW | Mar. 17, 2020 | Mar. 03, 2020 | Dec. 31, 2019 | Mar. 24, 2020 |
AdditionalInformationToStatementOfCashFlowsLineItems [Line Items] | ||||
Description of securites term | The term of these securities ranges from 1 to 52 months from the end of the reporting period. | |||
Events After Reporting Period [Member] | ||||
AdditionalInformationToStatementOfCashFlowsLineItems [Line Items] | ||||
Percentage of acquisition | 49.00% | |||
Events After Reporting Period [Member] | HPP Gov. Bento Munhoz Da Rocha Neto [Member] | Copel Geracao e Transmissao S.A. [Member] | ||||
AdditionalInformationToStatementOfCashFlowsLineItems [Line Items] | ||||
Description of securites term | 18 months | |||
Events After Reporting Period [Member] | ANELL [Member] | Bottom Of Range [member] | ||||
AdditionalInformationToStatementOfCashFlowsLineItems [Line Items] | ||||
Energy generating unit | 120 | |||
Events After Reporting Period [Member] | ANELL [Member] | Top Of Range [member] | ||||
AdditionalInformationToStatementOfCashFlowsLineItems [Line Items] | ||||
Energy generating unit | 150 |
41 Condensed Unconsolidated F_3
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
CURRENT ASSETS | |||||
Cash and cash equivalents | R$ 2941727 | R$ 1948409 | R$ 1040075 | R$ 982073 | |
Bonds and securities | 3,112 | 124,862 | |||
Collaterals and escrow accounts | 147 | 203 | |||
CRC transferred to the Parana State Government | 219,236 | 190,876 | |||
Other current receivables | 426,865 | 363,250 | |||
Income tax and social contribution | 236,929 | 152,157 | |||
Other current recoverable taxes | 205,060 | 160,842 | |||
Total current assets | 7,909,196 | 6,677,846 | |||
Long Term Assets | |||||
Other temporary investments | 27,734 | 19,511 | |||
CRC transferred to the Parana State Government | 1,131,449 | 1,254,166 | |||
Judicial deposits | 504,190 | 528,290 | |||
Other noncurrent receivables | 58,842 | 53,177 | |||
Deferred income tax and social contribution | 1,011,866 | 1,007,061 | 915,492 | ||
Other noncurrent recoverable taxes | 322,011 | 231,400 | |||
Subtotal | 10,862,630 | 10,014,260 | |||
Investments | 2,523,179 | 2,368,234 | 2,570,643 | [1] | |
Property, Plant and Equipment | 10,592,103 | 10,840,663 | 9,829,450 | ||
Intangible Assets | 6,332,611 | 6,029,097 | |||
Right-of-use asset | 92,831 | ||||
Total non current asset | 30,403,354 | 29,252,254 | |||
ASSETS | 38,312,550 | 35,930,100 | |||
CURRENT LIABILITIES | |||||
Payroll, social charges and accruals | 337,044 | 284,179 | |||
Accounts payable to suppliers | 1,685,280 | 1,419,243 | |||
Income tax and social contribution payable | 60,132 | 197,949 | |||
Other taxes due | 501,068 | 451,433 | |||
Loans and financing | 255,521 | 1,113,047 | |||
Debentures | 1,164,301 | 2,184,881 | |||
Dividend payable | 616,356 | 375,675 | |||
Post-employment benefits | 66,004 | 58,478 | |||
Other accounts payable | 149,407 | 192,070 | |||
Total current liabilities | 5,345,621 | 6,695,114 | |||
NONCURRENT LIABILITIES | |||||
Other taxes due | 662,114 | 796,732 | |||
Loans and financing | 2,886,862 | 2,934,260 | |||
Debentures | 7,265,409 | 5,333,250 | |||
Post-employment benefits | 1,128,932 | 910,285 | |||
Other accounts payable | 349,462 | 116,954 | |||
Provisions for legal claims | 1,606,713 | 1,664,773 | |||
Total noncurrent liabilities | 15,368,717 | 12,898,772 | |||
EQUITY - Attributable to controlling shareholders | |||||
Share capital | 10,800,000 | 7,910,000 | |||
Equity valuation adjustments | 591,927 | 785,610 | 895,601 | 998,466 | |
Legal reserve | 1,014,248 | 914,751 | |||
TOTAL EQUITY | 17,598,212 | 16,336,214 | 15,510,503 | 14,978,142 | |
TOTAL LIABILITIES & EQUITY | 38,312,550 | 35,930,100 | |||
Companhia Paranaense de Energia - Copel [Member] | |||||
CURRENT ASSETS | |||||
Cash and cash equivalents | 25,304 | 315,003 | R$ 56833 | R$ 46096 | |
Bonds and securities | 90 | 123,560 | |||
Collaterals and escrow accounts | 129 | ||||
Dividends receivable | 760,719 | 519,100 | |||
CRC transferred to the Parana State Government | 219,236 | 190,876 | |||
Other current receivables | 1,068 | 7,027 | |||
Income tax and social contribution | 5,876 | 6,130 | |||
Other current recoverable taxes | 321 | ||||
Prepaid expenses | 95 | 40 | |||
Related parties | 6,039 | 8,134 | |||
Total current assets | 1,018,427 | 1,170,320 | |||
Long Term Assets | |||||
Other temporary investments | 27,734 | 19,511 | |||
CRC transferred to the Parana State Government | 1,131,449 | 1,254,166 | |||
Judicial deposits | 124,219 | 131,840 | |||
Other noncurrent receivables | 7,444 | 7,444 | |||
Income tax and social contribution receivable | 123,951 | 148,140 | |||
Deferred income tax and social contribution | 154,364 | 147,368 | |||
Other noncurrent recoverable taxes | 87,597 | 86,110 | |||
Receivable from related parties | 108,983 | 104,751 | |||
Subtotal | 1,765,741 | 1,899,330 | |||
Investments | 17,286,220 | 16,070,567 | |||
Property, Plant and Equipment | 1,143 | 996 | |||
Intangible Assets | 1,321 | 1,593 | |||
Right-of-use asset | 271 | ||||
Total non current asset | 19,054,696 | 16,073,156 | |||
ASSETS | 20,073,123 | 19,142,806 | |||
CURRENT LIABILITIES | |||||
Payroll, social charges and accruals | 8,437 | 6,747 | |||
Accounts payable to related parties | 696 | 755 | |||
Accounts payable to suppliers | 3,956 | 2,731 | |||
Income tax and social contribution payable | 1,811 | ||||
Other taxes due | 120 | 152 | |||
Loans and financing | 39,628 | 129,401 | |||
Debentures | 315,008 | 941,677 | |||
Dividend payable | 588,563 | 354,203 | |||
Post-employment benefits | 378 | 87 | |||
Lease liability | 158 | ||||
Other accounts payable | 116 | 135 | |||
Total current liabilities | 958,871 | 1,435,888 | |||
NONCURRENT LIABILITIES | |||||
Accounts payable to related parties | 145 | ||||
Other taxes due | 2,817 | 2,602 | |||
Loans and financing | 746,075 | 773,984 | |||
Debentures | 797,713 | 596,403 | |||
Post-employment benefits | 8,658 | 4,867 | |||
Lease liability | 125 | ||||
Other accounts payable | 1,434 | 3,957 | |||
Provisions for legal claims | 304,871 | 292,180 | |||
Total noncurrent liabilities | 1,861,838 | 1,673,993 | |||
EQUITY - Attributable to controlling shareholders | |||||
Share capital | 10,800,000 | 7,910,000 | |||
Equity valuation adjustments | 591,927 | 785,610 | |||
Legal reserve | 1,014,248 | 914,751 | |||
Profit retention reserve | 4,846,239 | 6,422,564 | |||
TOTAL EQUITY | 17,252,414 | 16,032,925 | |||
TOTAL LIABILITIES & EQUITY | R$ 20073123 | R$ 19142806 | |||
[1] | As of December 31, 2017, the joint ventures operating in the transmission segment had their electricity transmission concession agreements classified as financial assets within the scope of IAS 39 and IFRIC 12. With the entry into force on January 1, 2018 of IFRS 15, bringing the concept of the right to receive the infrastructure investments conditioned to the fulfillment of performance obligations to operate and maintain the infrastructure and not only by the passage of time, the electricity transmission concession agreements started being classified as contract assets. As a result, the balance of the financial assets of the joint ventures started being classified on January 1, 2018 as contract assets in accordance with the Company's practices, with a reduction in its measurement in the amount of R$148,748 with effect in the Company in the caption Investments, by equity. At the transition, the Company and its joint ventures opted to adopt the standard on the date of initial application as an adjustment to the opening balance, in equity account, considering only agreements outstanding prior to the date of application, as set forth in IFRS 15. |
41 Condensed Unconsolidated F_4
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details 1) - BRL (R$) R$ / shares in Units, R$ in Thousands | Jan. 02, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
Operational expenses / income | ||||
General and administrative expenses | R$ 734300 | R$ 723534 | R$ 685675 | |
Other operational income (expenses) | (458,815) | (302,690) | (464,316) | |
Equity in earnings of investees | 106,757 | 135,888 | 101,739 | |
Total operational expenses / income | (1,293,417) | (1,039,045) | (1,217,302) | |
PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 3,190,681 | 2,394,047 | 2,141,381 | |
Financial results | ||||
Financial income | 750,241 | 813,915 | 699,310 | |
Financial expenses | (1,238,727) | (1,251,965) | (1,447,750) | |
Total financial results | (488,486) | (438,050) | (748,440) | |
OPERATING PROFIT | 2,702,195 | 1,955,997 | 1,392,941 | |
INCOME TAX AND SOCIAL CONTRIBUTION | ||||
Current | (433,555) | (580,065) | (379,943) | |
Deferred | (205,771) | 68,072 | 105,257 | |
INCOME TAX AND SOCIAL CONTRIBUTION | (639,326) | (511,993) | (274,686) | |
NET INCOME | R$ 2070551 | 2,062,869 | 1,444,004 | 1,118,255 |
Companhia Paranaense de Energia - Copel [Member] | ||||
Operational expenses / income | ||||
General and administrative expenses | (59,907) | (67,292) | (59,601) | |
Other operational income (expenses) | 1,244 | 11,696 | (68,788) | |
Equity in earnings of investees | 2,089,308 | 1,356,375 | 1,291,434 | |
Total operational expenses / income | 2,030,645 | 1,300,779 | 1,163,045 | |
PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 2,030,645 | 1,300,779 | 1,163,045 | |
Financial results | ||||
Financial income | 209,679 | 301,729 | 181,312 | |
Financial expenses | (235,033) | (238,355) | (327,855) | |
Total financial results | (25,354) | 63,374 | (146,543) | |
OPERATING PROFIT | 2,005,291 | 1,364,153 | 1,016,502 | |
INCOME TAX AND SOCIAL CONTRIBUTION | ||||
Current | (21,195) | (2,083) | (36,803) | |
Deferred | 5,850 | 44,993 | 53,927 | |
INCOME TAX AND SOCIAL CONTRIBUTION | (15,345) | 42,910 | 17,124 | |
NET INCOME | R$ 1989946 | R$ 1407063 | R$ 1033626 | |
BASIC AND DILUTED NET EARNING PER SHARE ATTRIBUTED TO PARENT COMPANY SHAREHOLDERS - EXPRESSED IN BRAZILIAN REAIS | ||||
Ordinary shares | R$ 6.94344 | R$ 4.91091 | R$ 3.60754 | |
Class "A" Preferred [Member] | Companhia Paranaense de Energia - Copel [Member] | ||||
BASIC AND DILUTED NET EARNING PER SHARE ATTRIBUTED TO PARENT COMPANY SHAREHOLDERS - EXPRESSED IN BRAZILIAN REAIS | ||||
Ordinary shares | 9.11525 | 5.40201 | 3.96830 | |
Class "B" Preferred | Companhia Paranaense de Energia - Copel [Member] | ||||
BASIC AND DILUTED NET EARNING PER SHARE ATTRIBUTED TO PARENT COMPANY SHAREHOLDERS - EXPRESSED IN BRAZILIAN REAIS | ||||
Ordinary shares | R$ 7.63812 | R$ 5.40201 | R$ 3.9683 |
41 Condensed Unconsolidated F_5
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details 2) - BRL (R$) R$ in Thousands | Jan. 02, 2019 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||||
NET INCOME | R$ 2070551 | R$ 2062869 | R$ 1444004 | R$ 1118255 |
Items that will never be reclassified to profit or loss | ||||
Gain (losses) on post employment benefits | (186,628) | (58,354) | (46,506) | |
Gain (losses) on taxes on other comprehensive income | 63,444 | 19,994 | 16,827 | |
Items that are or maybe reclassified to profit or loss | ||||
Adjustments related to financial assets: | 0 | 0 | 26,138 | |
Taxes on other comprehensive income | 0 | 0 | (8,888) | |
Realization - gain on financial assets, net of taxes | 0 | 0 | (18,909) | |
Total comprehensive income, net of taxes | (123,184) | (38,360) | (31,338) | |
TOTAL COMPREHENSIVE INCOME | 1,939,685 | 1,405,644 | 1,086,917 | |
Companhia Paranaense de Energia - Copel [Member] | ||||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||||
NET INCOME | 1,989,946 | 1,407,063 | 1,033,626 | |
Items that will never be reclassified to profit or loss | ||||
Gain (losses) on post employment benefits | (3,371) | (408) | 18 | |
Gain (losses) on post employment benefits - equity | (120,358) | (38,245) | (29,567) | |
Gain (losses) on taxes on other comprehensive income | (1,146) | 139 | (7) | |
Items that are or maybe reclassified to profit or loss | ||||
Adjustments related to financial assets: | 11,661 | |||
Adjustments related to financial assets - equity | 9,554 | |||
Taxes on other comprehensive income | (3,965) | |||
Realization - gain on financial assets, net of taxes | (9,355) | |||
Realization - gain on financial assets - equity | (9,554) | |||
Subsidiary loss with interest variation | (4,874) | |||
Total comprehensive income, net of taxes | (127,457) | (38,514) | (31,215) | |
TOTAL COMPREHENSIVE INCOME | R$ 1862489 | R$ 1368549 | R$ 1002411 |
41 Condensed Unconsolidated F_6
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details 3) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |||
NET CASH GENERATED IN OPERATING ACTIVITIES | R$ 2945006 | R$ 1770971 | R$ 989206 |
CASH FLOWS FROM INVESTMENT ACTIVITIES | |||
Financial investments | 45,170 | (75,804) | 48,512 |
Loans and financing granted to related parties | (5,145) | ||
Receipt of loans and financing granted to related parties | 117,645 | 24,985 | |
Disposal of investments | 484,608 | ||
Additions in investments | (133,874) | (51,557) | (248,243) |
Capital reduction of investees | 35,035 | 35,280 | |
Additions to property, plant and equipment | (543,130) | (1,489,067) | (1,205,508) |
Additions to intangible assets | (5,032) | (7,589) | (806,240) |
NET CASH USED IN INVESTING ACTIVITIES | (1,663,651) | (2,149,153) | (1,581,173) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Loans and financing obtained from third parties | 796,296 | 1,314,766 | 800,044 |
Issue of Debentures | 2,965,028 | 2,890,283 | 2,242,521 |
Dividends and interest on own capital paid | (380,421) | (300,722) | (506,404) |
NET CASH GENERATED FROM (USED IN) FINANCING ACTIVITIES | (288,037) | 1,286,516 | 649,969 |
TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | 993,318 | 908,334 | 58,002 |
Cash and cash equivalents at the beginning of the period | 1,948,409 | 1,040,075 | 982,073 |
Cash and cash equivalents at the end of the period | 2,941,727 | 1,948,409 | 1,040,075 |
CHANGE IN CASH AND CASH EQUIVALENTS | 993,318 | 908,334 | 58,002 |
Companhia Paranaense de Energia - Copel [Member] | |||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |||
NET CASH GENERATED IN OPERATING ACTIVITIES | 688,443 | 653,230 | 440,406 |
CASH FLOWS FROM INVESTMENT ACTIVITIES | |||
Financial investments | 115,376 | (124,254) | 24 |
Loans and financing granted to related parties | (24,410) | (192,445) | (251,856) |
Receipt of loans and financing granted to related parties | 24,512 | 560,877 | 124,122 |
Disposal of investments | 397,572 | ||
Additions in investments | (271,968) | (608,934) | (574,347) |
Capital reduction of investees | 45,000 | 170,000 | |
Additions to property, plant and equipment | (285) | (267) | (282) |
Additions to intangible assets | (271) | (3) | (499) |
NET CASH USED IN INVESTING ACTIVITIES | (157,046) | (320,026) | (135,266) |
CASH FLOWS FROM FINANCING ACTIVITIES | |||
Loans and financing obtained from third parties | 77,000 | ||
Issue of Debentures | 500,000 | 600,000 | 520,000 |
Issue of loans with related parties | 48,000 | ||
Amortization of principal - loans and financing | (115,500) | (77,000) | (83,000) |
Amortization of principal - debentures | (853,400) | (333,300) | (333,300) |
Amortization of loans obtained from related parties | (48,000) | ||
Amortization of principal - Lease liabilities | (141) | ||
Dividends and interest on own capital paid | (352,055) | (264,734) | (475,103) |
NET CASH GENERATED FROM (USED IN) FINANCING ACTIVITIES | (821,096) | (75,034) | (294,403) |
TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | (289,699) | 258,170 | 10,737 |
Cash and cash equivalents at the beginning of the period | 315,003 | 56,833 | 46,096 |
Cash and cash equivalents at the end of the period | 25,304 | 315,003 | 56,833 |
CHANGE IN CASH AND CASH EQUIVALENTS | R$ 289699 | R$ 258170 | R$ 10737 |
41 Condensed Unconsolidated F_7
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details 4) - Companhia Paranaense de Energia - Copel [Member] - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Related parties assets | R$ 511477 | R$ 112885 |
Related parties liabilities | 841 | 755 |
Copel Distribuicao [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Related parties assets | 89,296 | 104,751 |
Investees and Subsidiaries - Structure Sharing [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Related parties assets | 6,039 | 8,134 |
Related parties liabilities | 696 | 755 |
Elejor Advance [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Related parties liabilities | R$ 145 |
41 Condensed Unconsolidated F_8
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details 5) - Companhia Paranaense de Energia - Copel [Member] - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Investments | R$ 17135474 | R$ 15918388 |
Copel Geracao e Transmissao [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Investments | 9,749,705 | 8,911,964 |
Copel Distribuicao [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Investments | 6,012,246 | 5,908,755 |
Copel Telecomunicacoes [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Investments | 710,128 | 638,873 |
Copel Energia [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Investments | 243,123 | 83,468 |
Compagas [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Investments | 284,747 | 221,654 |
UEG Araucaria [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Investments | 64,094 | 74,132 |
Other investments [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Investments | R$ 71431 | R$ 79542 |
41 Condensed Unconsolidated F_9
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details 6) - Companhia Paranaense de Energia - Copel [Member] - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | R$ 760719 | R$ 519100 |
Other investments [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | 425 | 875 |
Voltalia [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | 1,032 | 1,032 |
Copel Geracao e Transmissao [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | 464,450 | 368,950 |
Copel Distribuicao [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | 266,050 | 89,486 |
Copel Telecomunicacoes [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | 29,260 | |
Copel Comercializacao [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | 88 | 0 |
Compagas [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | 22,531 | 9,996 |
Elejor [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | 13,358 | |
UEG Araucaria [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Dividends receivable | R$ 6143 | R$ 6143 |
41 Condensed Unconsolidated _10
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details 7) - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |||
Reserve for risks | R$ 1606713 | R$ 1664773 | R$ 1512064 |
Companhia Paranaense de Energia - Copel [Member] | Regulatory [Member] | |||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |||
Reserve for risks | 17,357 | 16,176 | |
Companhia Paranaense de Energia - Copel [Member] | Labor [Member] | |||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |||
Reserve for risks | 1,957 | 588 | |
Companhia Paranaense de Energia - Copel [Member] | Tax Claim [Member] | |||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |||
Reserve for risks | 150,529 | 132,643 | |
Companhia Paranaense de Energia - Copel [Member] | Civil [Member] | |||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |||
Reserve for risks | R$ 135028 | R$ 142773 |
41 Condensed Unconsolidated _11
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details 8) - Companhia Paranaense de Energia - Copel [Member] - BRL (R$) R$ in Thousands | Dec. 31, 2019 | Dec. 31, 2018 |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Restricted net assets | R$ 16120548 | R$ 15245358 |
Copel Geracao e Transmissao S.A. [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Restricted net assets | 9,749,705 | 8,911,964 |
Centrais Eletricas Rio Jordao - Elejor [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Restricted net assets | 6,012,244 | 53,977 |
UEG Araucaria Ltda. [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Restricted net assets | 315,740 | 370,662 |
Copel Distribuicao S.A. [Member] | ||
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | ||
Restricted net assets | R$ 42859 | R$ 5908755 |
41 Condensed Unconsolidated _12
41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Details 9) R$ in Thousands | Dec. 31, 2019BRL (R$) |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | R$ 2066325 |
Less Than 1 Month [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 322,745 |
1 To 3 Month [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 47,238 |
3 Months To 1 Year [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 55,837 |
1 To 5 Years [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 1,640,505 |
Loans and Financing [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 874,617 |
Loans and Financing [Member] | 1 To 3 Month [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 47,209 |
Loans and Financing [Member] | 3 Months To 1 Year [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 27,273 |
Loans and Financing [Member] | 1 To 5 Years [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 800,135 |
Debentures [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 1,187,435 |
Debentures [Member] | Less Than 1 Month [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 318,774 |
Debentures [Member] | 3 Months To 1 Year [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 28,433 |
Debentures [Member] | 1 To 5 Years [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 840,228 |
Suppliers [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 3,956 |
Suppliers [Member] | Less Than 1 Month [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 3,956 |
Lease liabilities [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 317 |
Lease liabilities [Member] | Less Than 1 Month [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 15 |
Lease liabilities [Member] | 1 To 3 Month [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 29 |
Lease liabilities [Member] | 3 Months To 1 Year [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | 131 |
Lease liabilities [Member] | 1 To 5 Years [Member] | |
CondensedUnconsolidatedFinancialInformationOfCompanhiaParanaenseDeEnergiaCopelLineItems [Line Items] | |
Expected undiscounted settlement values of the liabilities | R$ 142 |