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24 Equity (Tables)
 12 Months Ended
Dec. 31, 2020
Equity  
Schedule of subscribed and paid-in capital

As of December 31, 2020, and 2019, the authorized, subscribed and paid-in capital, in the amount of R$ 15,000.000, was composed of 683,509,869 registered, book-entry common shares with no par value, as follows:

 

  December 31, 2020 December 31, 2019
  Number of shares %  Number of shares % 
State Department of Finance (1) 343,507,729 50.26 343,524,285 50.26
Other shareholders        
  In Brazil (2) 254,868,646 37.29 236,161,929 34.55
  Abroad (3) (4) 85,133,494 12.45 103,823,655 15.19
         
  683,509,869 100.00 683,509,869 100.00

 

(1) There is a lawsuit with a mandatory injunction filed under number 1051534-40.2019.8.26.0053 pending at the 7th Tax Court of the City of São Paulo, pleading the unlawfulness of the disposal of shares owned by the Treasury Department of the São Paulo State to third parties, filed by Banco Bradesco S.A., the custodian and bookkeeping agent of the Company’s shares.

 

(2) As of December 31, 2020, the common shares traded in Brazil were held by 40,399 shareholders. It includes six shares held by Companhia Paulista de Parcerias (CPP), which is controlled by the São Paulo State Government

 

(3) Shares traded as American Depositary Receipts (ADR) on the New York Stock Exchange, through The Bank New York Mellon, the depositary bank for the Company's ADRs.

 

(4) Each ADR corresponds to 1 share.
Schedule of distribution of earnings

  2020   2019   2018
Profit for the year 973,318   3,367,517   2,835,068
(-) Legal reserve - 5% 48,666   168,376   141,755
           
  924,652   3,199,141   2,693,313
           
Minimum mandatory dividend – 25% 231,163   799,785   673,328
Dividend per share and per ADS 0.33820   1.17012   0.9851
Schedule of allocation of profit
2020   2019   2018
Profit          
(+) Profit for the year 973,318   3,367,517   2,835,068
(-) Legal reserve – 5% 48,666   168,376   141,755
(-) Minimum mandatory dividends 231,163   799,785   673,328
(-) Additional proposed dividends 40,806   141,203   118,859
Investment reserve recorded 652,683   1,901,126   2,258,153
Schedule of other comprehensive loss
G1 plan G0 plan Total
       
Balance as of December 31, 2019 105,254 (1,017,408) (912,154)
Actuarial gains/(losses) for the year (Note 21 (b)) (10,179) 521,331 511,152
Balance as of December 31, 2020 95,075 (496,077) (401,002)