NOTE 37 — NET OPERATING REVENUE
|
|
|
12/31/2017 |
|
12/31/2016 |
|
12/31/2015 |
|
|
|
|
|
|
(reclassified) |
|
(reclassified) |
|
|
OPERATING INCOME |
|
|
|
|
|
|
|
|
Generation |
|
|
|
|
|
|
|
|
Power supply for distribution companies |
|
14,698,137 |
|
12,885,622 |
|
12,310,243 |
|
|
Power supply for end consumers |
|
2,554,279 |
|
2,945,506 |
|
3,571,809 |
|
|
Short-Term Electric Power |
|
1,006,114 |
|
927,183 |
|
1,141,120 |
|
|
Revenue from operation and maintenance of renewed concessions |
|
2,198,347 |
|
2,178,699 |
|
1,882,637 |
|
|
Revenue from construction of renewed plants |
|
52,836 |
|
41,316 |
|
148,403 |
|
|
Financial Effect of Itaipu |
|
626,135 |
|
(346,638 |
) |
234,425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
21,135,848 |
|
18,631,688 |
|
19,288,637 |
|
|
|
|
|
|
|
|
|
|
|
Transmission |
|
|
|
|
|
|
|
|
Revenue from operation and maintenance of renewed lines |
|
3,132,349 |
|
2,735,999 |
|
2,504,239 |
|
|
Revenue from operation and maintenance |
|
265,471 |
|
239,691 |
|
191,372 |
|
|
Construction revenue |
|
917,447 |
|
1,174,703 |
|
2,077,616 |
|
|
Financial - Return on Investment |
|
1,139,816 |
|
805,708 |
|
838,087 |
|
|
Financial - Return on Investment - RBSE |
|
4,922,827 |
|
28,600,553 |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
10,377,910 |
|
33,556,654 |
|
5,611,314 |
|
|
|
|
|
|
|
|
|
|
|
Distribution |
|
|
|
|
|
|
|
|
Delivery/Supply of Electric Power |
|
9,467,631 |
|
15,208,202 |
|
14,835,424 |
|
|
Short-Term Electric Power |
|
724,961 |
|
314,833 |
|
670,432 |
|
|
Construction Revenue |
|
782,068 |
|
1,165,611 |
|
1,011,518 |
|
|
CVA and other financial items |
|
1,441,359 |
|
(339,405 |
) |
324,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
12,416,019 |
|
16,349,241 |
|
16,841,494 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other revenues |
|
2,060,479 |
|
2,450,329 |
|
1,484,431 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,990,256 |
|
70,987,912 |
|
43,225,876 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(-) Deductions from Operating Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(-) ICMS |
|
(2,249,541 |
) |
(4,000,750 |
) |
(3,877,677 |
) |
|
(-)PASEP and COFINS |
|
(3,724,863 |
) |
(3,642,892 |
) |
(4,108,891 |
) |
|
(-) Sector charges |
|
(1,986,659 |
) |
(2,983,323 |
) |
(2,721,655 |
) |
|
(-) Other Deductions (including ISS) |
|
(153,169 |
) |
(44,944 |
) |
(336,810 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8,114,232 |
) |
(10,671,909 |
) |
(11,045,033 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net operating revenue |
|
37,876,024 |
|
60,316,003 |
|
32,180,843 |
|
|
|
|
|
|
|
|
|
|
On December 31, 2017, the Company was able to segregate the line “Short term electric power” for the distribution activity. Previously this item was being presented on the Generation column, now, it has moved to the distribution activity aiming at a better presentation. The same procedure was performed consistently for the years ended December 31, 2016 and 2015.
In 2016, ANEEL approved the remuneration of the electric power transmission assets existing on May 31, 2000, pursuant to the rules of Normative Resolution 589 (see note 2.1).
Accordingly, as as this remuneration represents the update of the financial asset which is part of the remuneration of the infrastructure to be operated and received within the term of the concession and, consistent with the practice followed by transmission companies in Brazil, the Company recognized in the item of Return on Investment, on December 31, 2016, the value of R$ 28,600,553 and, on the year ending December 31, 2017, the value regarding to the compensation correction of R$ 4,922,827.