NOTE 16 — FIXED ASSETS, NET
The items under fixed assets relate primarily to infrastructure for electricity generation under concessions not extended in the terms of Law 12,783/13.
The property that comprises the fixed assets of the Company, listed and identified as public utility concession assets, cannot be sold or given in guarantee to third parties.
Special Obligations (obligations relating to concessions) correspond to funds received from consumers for the purpose of contributing to the execution of the expansion projects necessary to meet electricity supply requests and are allocated to the corresponding projects. The assets acquired with the corresponding funds are recorded under the fixed assets of the Company, pursuant to the provisions established by ANEEL. By virtue of the nature of these contributions, they do not represent effective financial obligations, as they will not be returned to the consumers.
|
|
|
12/31/2017 |
|
||||||||
|
|
|
Gross value |
|
Accumulated |
|
Obligations associated with the |
|
Impairment * |
|
Net value |
|
|
In operation |
|
|
|
|
|
|
|
|
|
|
|
|
Generation |
|
50,132,157 |
|
(24,120,639 |
) |
(607,383 |
) |
(13,804,579 |
) |
11,599,556 |
|
|
Administration |
|
2,406,319 |
|
(1,537,139 |
) |
(8,413 |
) |
— |
|
860,767 |
|
|
Distribution |
|
1,398,468 |
|
(557,042 |
) |
— |
|
— |
|
841,426 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,936,944 |
|
(26,214,819 |
) |
(615,796 |
) |
(13,804,579 |
) |
13,301,749 |
|
|
Under Construction |
|
|
|
|
|
|
|
|
|
|
|
|
Generation |
|
13,827,544 |
|
— |
|
— |
|
— |
|
13,827,544 |
|
|
Administration |
|
836,544 |
|
— |
|
— |
|
— |
|
836,544 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,664,088 |
|
— |
|
— |
|
— |
|
14,664,088 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
68,601,032 |
|
(26,214,819 |
) |
(615,796 |
) |
(13,804,579 |
) |
27,965,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12/31/2016 |
|
||||||||
|
|
|
Gross value |
|
Accumulated |
|
Obligations associated with the |
|
Impairment * |
|
Net value |
|
|
In operation |
|
|
|
|
|
|
|
|
|
|
|
|
Generation |
|
47,456,125 |
|
(23,064,664 |
) |
(538,375 |
) |
(12,141,003 |
) |
11,712,083 |
|
|
Administration |
|
2,491,860 |
|
(1,514,448 |
) |
(9,292 |
) |
— |
|
968,119 |
|
|
Distribution |
|
1,398,468 |
|
(499,344 |
) |
— |
|
— |
|
899,124 |
|
|
|
|
51,346,453 |
|
(25,078,456 |
) |
(547,667 |
) |
(12,141,003 |
) |
13,579,326 |
|
|
Under Construction |
|
|
|
|
|
|
|
|
|
|
|
|
Generation |
|
12,353,688 |
|
— |
|
— |
|
— |
|
12,353,688 |
|
|
Administration |
|
879,911 |
|
— |
|
— |
|
— |
|
879,911 |
|
|
|
|
13,233,599 |
|
— |
|
— |
|
— |
|
13,233,599 |
|
|
|
|
64,580,052 |
|
(25,078,456 |
) |
(547,667 |
) |
(12,141,003 |
) |
26,812,925 |
|
*See Note 19
Movement of Fixed Assets
|
|
|
Balance on |
|
Additions |
|
Transfer |
|
Disposals |
|
Acquisition of |
|
Classification - |
|
Balance on |
|
|
Generation / commercialization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In operation |
|
47,456,125 |
|
198,582 |
|
(33,257 |
) |
(96,066 |
) |
2,232,962 |
|
— |
|
49,758,346 |
|
|
Accumulated depreciation |
|
(23,064,664 |
) |
(1,349,670 |
) |
194,497 |
|
99,198 |
|
— |
|
— |
|
(24,120,639 |
) |
|
Under Construction |
|
12,564,811 |
|
1,778,494 |
|
(378,979 |
) |
(15,734 |
) |
90,075 |
|
— |
|
14,038,667 |
|
|
Provision for recoverable assets (impairment) |
|
(12,141,003 |
) |
(2,459,063 |
) |
105,379 |
|
988,028 |
|
|
|
— |
|
(13,506,659 |
) |
|
Investigation findings |
|
(211,123 |
) |
— |
|
— |
|
— |
|
— |
|
— |
|
(211,123 |
) |
|
Special Obligations Associated with the Concession |
|
(538,375 |
) |
(28 |
) |
— |
|
6,911 |
|
|
|
— |
|
(531,492 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,065,771 |
|
(1,831,684 |
) |
(112,360 |
) |
982,337 |
|
2,323,037 |
|
— |
|
25,427,101 |
|
|
Distribution |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Leasing |
|
1,398,468 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
1,398,468 |
|
|
Accumulated depreciation |
|
(499,344 |
) |
(57,698 |
) |
— |
|
— |
|
— |
|
— |
|
(557,042 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
899,124 |
|
(57,698 |
) |
— |
|
— |
|
— |
|
— |
|
841,426 |
|
|
Administration |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In operation |
|
2,491,860 |
|
12,615 |
|
65,212 |
|
(28,320 |
) |
114 |
|
(135,162 |
) |
2,406,319 |
|
|
Accumulated depreciation |
|
(1,514,448 |
) |
(136,531 |
) |
(7,139 |
) |
29,190 |
|
— |
|
91,790 |
|
(1,537,139 |
) |
|
Under Construction |
|
879,911 |
|
82,000 |
|
(64,902 |
) |
(20,447 |
) |
866 |
|
(40,884 |
) |
836,544 |
|
|
Special Obligations Associated with the Concession |
|
(9,292 |
) |
(27 |
) |
— |
|
69 |
|
— |
|
836 |
|
(8,414 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,848,030 |
|
(41,943 |
) |
(6,829 |
) |
(19,509 |
) |
980 |
|
(83,420 |
) |
1,697,310 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
26,812,925 |
|
(1,931,325 |
) |
(119,189 |
) |
962,828 |
|
2,324,017 |
|
(83,420 |
) |
27,965,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(*) Business combination, se explanatory note 43.
|
|
|
Balance on |
|
Additions |
|
Transfer |
|
Write-offs |
|
Balance on |
|
|
Generation / commercialization |
|
|
|
|
|
|
|
|
|
|
|
|
In operation |
|
46,003,180 |
|
184,468 |
|
1,287,960 |
|
(19,483 |
) |
47,456,125 |
|
|
Accumulated depreciation |
|
(21,740,065 |
) |
(1,363,922 |
) |
27,098 |
|
12,225 |
|
(23,064,664 |
) |
|
Under Construction |
|
11,659,196 |
|
2,106,303 |
|
(1,355,214 |
) |
(56,596 |
) |
12,353,689 |
|
|
Provision for recoverable assets (impairment) |
|
(8,540,131 |
) |
(4,020,332 |
) |
14,048 |
|
405,412 |
|
(12,141,003 |
) |
|
Special Obligations Associated with the Concession |
|
(633,602 |
) |
(2,540 |
) |
(6,951 |
) |
104,718 |
|
(538,375 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,748,577 |
|
(3,096,023 |
) |
(33,059 |
) |
446,276 |
|
24,065,771 |
|
|
Distribution |
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Leasing |
|
1,398,468 |
|
— |
|
— |
|
— |
|
1,398,468 |
|
|
Accumulated depreciation |
|
(441,647 |
) |
(57,697 |
) |
— |
|
— |
|
(499,344 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
956,821 |
|
(57,697 |
) |
— |
|
— |
|
899,124 |
|
|
Administration |
|
|
|
|
|
|
|
|
|
|
|
|
In operation |
|
2,444,828 |
|
49,578 |
|
217,570 |
|
(220,116 |
) |
2,491,860 |
|
|
Accumulated depreciation |
|
(1,445,137 |
) |
(149,132 |
) |
(100,422 |
) |
180,243 |
|
(1,514,448 |
) |
|
Under Construction |
|
799,908 |
|
136,791 |
|
(56,719 |
) |
(69 |
) |
879,911 |
|
|
Special Obligations Associated with the Concession |
|
(25,518 |
) |
— |
|
— |
|
16,226 |
|
(9,292 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,774,081 |
|
37,236 |
|
60,429 |
|
(23,716 |
) |
1,848,030 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
29,546,645 |
|
(2,972,527 |
) |
27,370 |
|
422,560 |
|
26,812,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance on |
|
Additions |
|
Transfer |
|
Disposals |
|
Reclassification of |
|
Investigation |
|
Reclassification of |
|
Balance on |
|
|
Generation / commercialization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In operation |
|
43,466,067 |
|
886 |
|
776,531 |
|
(304,835 |
) |
1,349,221 |
|
— |
|
715,310 |
|
46,003,180 |
|
|
Accumulated depreciation |
|
(19,292,806 |
) |
(1,226,683 |
) |
(10,486 |
) |
57,138 |
|
(914,576 |
) |
— |
|
(352,652 |
) |
(21,740,065 |
) |
|
Under Construction |
|
7,547,759 |
|
3,908,372 |
|
(804,186 |
) |
(54,567 |
) |
1,022,207 |
|
(15,996 |
) |
55,606 |
|
11,659,195 |
|
|
Provision for recoverable assets (impairment) |
|
(2,955,233 |
) |
(5,729,304 |
) |
— |
|
167,261 |
|
— |
|
11,514 |
|
(34,369 |
) |
(8,540,131 |
) |
|
Special Obligations Associated with the Concession |
|
(455,808 |
) |
— |
|
(86,113 |
) |
4,084 |
|
(87,157 |
) |
— |
|
(8,608 |
) |
(633,602 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,309,979 |
|
(3,046,729 |
) |
(124,254 |
) |
(130,919 |
) |
1,369,695 |
|
(4,482 |
) |
375,287 |
|
26,748,577 |
|
|
Distribution |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Leasing |
|
1,398,468 |
|
— |
|
— |
|
— |
|
— |
|
— |
|
— |
|
1,398,468 |
|
|
Accumulated depreciation |
|
(383,950 |
) |
(57,697 |
) |
— |
|
— |
|
— |
|
— |
|
— |
|
(441,647 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,014,518 |
|
(57,697 |
) |
— |
|
— |
|
— |
|
— |
|
— |
|
956,821 |
|
|
Administration |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
In operation |
|
2,396,288 |
|
24,358 |
|
34,701 |
|
(10,519 |
) |
— |
|
|
|
— |
|
2,444,828 |
|
|
Accumulated depreciation |
|
(1,302,020 |
) |
(132,790 |
) |
(22,854 |
) |
12,527 |
|
— |
|
|
|
— |
|
(1,445,137 |
) |
|
Under Construction |
|
713,710 |
|
206,275 |
|
(84,236 |
) |
(35,841 |
) |
— |
|
|
|
— |
|
799,908 |
|
|
Special Obligations Associated with the Concession |
|
(26,927 |
) |
— |
|
— |
|
1,409 |
|
— |
|
— |
|
— |
|
(25,518 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,781,051 |
|
97,843 |
|
(72,389 |
) |
(32,424 |
) |
— |
|
— |
|
— |
|
1,774,081 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL |
|
31,105,548 |
|
(3,006,583 |
) |
(196,643 |
) |
(163,343 |
) |
1,369,695 |
|
(4,482 |
) |
375,287 |
|
29,479,479 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average depreciation rate and accumulated depreciation:
|
|
|
12/31/2017 |
|
12/31/2016 |
|
||||
|
|
|
Average |
|
Accumulated |
|
Average |
|
Accumulated |
|
|
Generation |
|
|
|
|
|
|
|
|
|
|
Hydraulic |
|
2.48 |
% |
16,938,117 |
|
2.53 |
% |
15,920,174 |
|
|
Nuclear |
|
3.93 |
% |
4,842,938 |
|
3.93 |
% |
4,439,098 |
|
|
Thermal |
|
3.26 |
% |
2,166,751 |
|
4.03 |
% |
2,542,610 |
|
|
Wind |
|
6.99 |
% |
164,395 |
|
6.89 |
% |
161,681 |
|
|
Marketing |
|
2.92 |
% |
8,438 |
|
3.15 |
% |
1,101 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,120,639 |
|
|
|
23,064,664 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Distribution |
|
3.00 |
% |
557,042 |
|
3.00 |
% |
499,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Administration |
|
6.31 |
% |
1,537,139 |
|
6.00 |
% |
1,514,448 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
26,214,820 |
|
|
|
25,078,456 |
|
|
|
|
|
|
|
|
|
|
|
|