XML 77 R25.htm IDEA: XBRL DOCUMENT

INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

NOTE 19 - INTANGIBLE ASSETS


					Use of the		Intangible
	Concession				public		assets in
	Rights		Software		property		progress		Impairment	Others		Total
Average depreciation rate per year	3.30	%	20.00	%	3.30	%	0.00	%	—	3.40	%	0.00	%
Costs	80,725,923		473,331		306,888		505,533		—	322,737		82,334,412
Accumulated Amortization and Impairment	(1,576,595)		(360,798)		(89,084)		—		(152,988)	(174,366)		(2,353,831)
Balance on December 31, 2022	79,149,328		112,533		217,804		505,533		152,988	148,371		79,980,581
Acquisition of investee control	1,188,150		231		4,635		867		—	72,767		1,266,650
Additions	938		1,225		995		233,689		—	52,029		288,876
Write-offs	(59,325)		(618)		—		(179)		76,378	(74,010)		(57,754)
Amortizations	(1,584,994)		(17,733)		(8,085)		—		—	(27,995)		(1,638,807)
Transfers assets held for sale	—		(295)		—		(2,173)		460	333		(1,675)
Transfers	31,466		174,650		—		(175,177)		(1,359)	(1,210)		28,370
Balance on December 31, 2023	78,725,563		269,993		215,349		562,560		(77,509)	170,285		79,866,241
Costs	81,960,541		633,504		314,044		562,560		—	396,819		83,867,468
Accumulated Amortization and Impairment	(3,234,978)		(363,511)		(98,695)		—		(77,509)	(226,534)		(4,001,227)

In June 2022, the signature of new electrical power generation concession agreements resulted in a significant increase in intangible asset of the Company, totaling R$75,021,259. For more information, see note 1.2.3


					Use of the		Intangible
	Concession				public		assets in
	Rights		Software		property		progress	Impairment	Others		Total
Average depreciation rate per year	2.97	%	20.00	%	1.91	%	—	—	4.82	%	—
Costs	4,858,374		585,584		107,547		456,897	—	169,660		6,178,062
Accumulated Amortization and Impairment	(528,812)		(465,487)		(19,479)		—	(71,451)	(100,657)		(1,185,886)
Balance on December 31, 2021	4,329,562		120,097		88,068		456,897	(71,451)	69,003		4,992,176
Effects of deconsolidation	—		(18,790)		—		(60,403)	—	—		(79,193)
Acquisition of investee control	880,584		463		134,741		4,448	—	109,794		1,130,030
Additions	75,021,253		7,183		—		161,642	(100,153)	10,726		75,100,651
Write-offs	(1,156)		—		—		(5,002)	17,257	(7,754)		3,345
Amortizations	(1,021,931)		(18,198)		(5,005)		—	—	(42,931)		(1,088,065)
Transfers	(58,984)		21,778		—		(52,049)	1,359	9,533		(78,363)
Balance on December 31, 2022	79,149,328		112,533		217,804		505,533	(152,988)	148,371		79,980,581
Costs	80,725,923		473,331		306,888		505,533	—	322,737		82,334,412
Accumulated Amortization and Impairment	(1,576,595)		(360,798)		(89,084)		—	(152,988)	(174,366)		(2,353,831)

Accounting Policy

Intangible assets are initially measured at their cost and subsequently deducted from amortization and impairment loss, if verified. For more information, see note 20.

The Company’s intangible assets are substantially formed by the acquired rights to explore electricity generation projects under the new concession agreements, in connection with Eletrobras privatization process, which took place in 2022.