XML 76 R24.htm IDEA: XBRL DOCUMENT

PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Dec. 31, 2023

NOTE 18 - PROPERTY, PLANT AND EQUIPMENT

Property, plant, and equipment items refer substantially to the infrastructure for generating electricity and corporate assets.

The following shows the movement of property, plant, and equipment:


			Buildings,
	Dams,		civil works		Machines
	reservoirs and		and		and				Right of
	water mains		improvements		equipment		Impairment	In progress	Use		Others		Total
Average depreciation rate pa	2.00	%	2.50	%	3.30	%	—	—	3.50	%	5.80	%	—
Costs	22,752,509		10,977,909		43,366,208		—	2,716,242	2,052,882		499,472		82,365,222
Accumulated Depreciation and Impairment	(11,286,218)		(5,620,539)		(26,900,142)		(2,536,835)	—	(1,097,733)		(184,050)		(47,625,517)
Balance on December 31, 2022	11,466,291		5,357,370		16,466,066		(2,536,835)	2,716,242	955,149		315,422		34,739,705
Acquisition of investee control	2,973,633		1,127,662		203,498		—	13,028	378		255,049		4,573,248
Addition	532		11,764		216,012		(1,073,345)	3,847,094	12,075		(217,628)		2,796,504
Write-offs	(19,443)		(155)		(53,134)		73,635	(28,670)	(5,371)		(18,278)		(51,416)
Depreciation	(602,937)		(290,467)		(952,293)		—	—	(92,403)		(37,300)		(1,975,400)
Transfers assets held for sale	(167,687)		(140,959)		(3,929,766)		1,829,696	(462,734)	(710,857)		(3,740)		(3,586,047)
Transfers	(287,158)		61,351		431,611		(62,721)	(1,584,868)	—		750,612		(691,173)
Balance on December 31, 2023	13,363,232		6,126,565		12,381,994		(1,769,570)	4,500,092	158,971		1,044,137		35,805,421
Costs	25,243,381		11,940,669		37,765,942		—	4,500,092	1,350,009		1,323,410		82,123,503
Accumulated Depreciation and Impairment	(11,880,149)		(5,814,104)		(25,383,948)		(1,769,570)	—	(1,191,038)		(279,273)		(46,318,082)


			Buildings,
	Dams,		civil works		Machines
	reservoirs and		and		and				Right of
	water mains		improvements		equipment		Impairment	In progress	Use		Others		Total
Average depreciation rate per year	2.60	%	3.39	%	3.32	%	—	—	6.22	%	1.10	%	—
Costs	15,418,627		8,214,167		42,054,751		—	17,484,344	2,112,362		742,900		86,027,151
Accumulated Depreciation and Impairment	(9,005,632)		(5,329,002)		(29,828,945)		(6,963,604)	—	(1,068,058)		(463,929)		(52,659,170)
Balance on December 31, 2021	6,412,995		2,885,165		12,225,806		(6,963,604)	17,484,344	1,044,304		278,971		33,367,981
Effects of deconsolidation	(1,283)		(492,840)		(3,124,977)		4,508,764	(14,600,061)	(8,514)		(41,624)		(13,760,535)
Acquisition of control - MESA	6,506,951		3,532,292		7,329,149		—	141,896	2,023		348,979		17,861,290
Addition	—		—		249,346		(287,874)	2,014,982	17,254		3,125		1,996,833
Write-offs	(1,675,657)		(462,751)		(1,149,201)		205,879	(150,362)	(84)		(204,808)		(3,436,984)
Depreciation	(495,697)		(212,702)		(766,561)		—	—	(99,806)		(70,177)		(1,644,943)
Transfers	718,982		108,206		1,702,504		—	(2,174,557)	(28)		956		356,063
Balance on December 31, 2022	11,466,291		5,357,370		16,466,066		(2,536,835)	2,716,242	955,149		315,422		34,739,705
Costs	22,752,509		10,977,909		43,366,208		—	2,716,242	2,052,882		499,472		82,365,222
Accumulated Depreciation and Impairment	(11,286,218)		(5,620,539)		(26,900,142)		(2,536,835)	—	(1,097,733)		(184,050)		(47,625,517)

Accounting Policy

Fixed assets are initially measured at their cost. Cost includes expenses directly attributed to the acquisition, construction of the assets and expenses for putting the asset into operation. Subsequently, fixed assets are deducted by depreciation and impairment loss, if verified, see note 20. Property, plant and equipment items refer substantially to the electricity generation infrastructure of the Company’s concessions. Depreciation of these assets begins when they are ready to operate, being recognized linearly based on the estimated useful life of each asset and the residual value of these assets at the end of the concessions. The Company considers that the useful life estimated by ANEEL for fixed assets items adequately expresses the useful life of the assets, so it adopts the depreciation rates determined by ANEEL. The Company’s electricity transmission infrastructure is not classified in Fixed Assets, due to the contractual characteristics of the concessions. The rights to consideration originating from the construction of transmission projects are recorded in the item Contractual Transmission Asset, see note 16. Right of Use assets are also depreciated linearly, by the contractual terms of leases.