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Deferred taxes and contributions

12 Months Ended

Dec. 31, 2022

19	Deferred taxes and contributions

(a)

Statement of financial position details

Schedule of deferred taxes
	December 31, 2022			December 31, 2021
Deferred income tax assets
Provisions		560,404			503,374
Pension obligations - G1		141,606			150,577
Donations of underlying asset on concession agreements		46,088			47,589
Credit losses		199,363			183,963
Other		171,798			127,092
Total deferred tax assets		1,119,259			1,012,595

Deferred income tax liabilities
Temporary difference on concession of intangible asset		(353,817	)		(368,235	)
Capitalization of borrowing costs		(457,669	)		(404,931	)
Profit on supply to government entities		(346,650	)		(353,262	)
Actuarial gain/loss – G1 Plan		(93,561	)		(109,271	)
Construction margin		(43,323	)		(46,079	)
Borrowing costs		(13,517	)		(14,556	)
Total deferred tax liabilities		(1,308,537	)		(1,296,334	)

Deferred tax assets (liabilities), net		(189,278	)		(283,739	)

(b) Realization

Schedule of realization
	December 31, 2022			December 31, 2021
Deferred income tax assets
to be realized within 12 months		318,965			280,373
to be realized after one year		800,294			732,222
Total deferred tax asset		1,119,259			1,012,595
Deferred income tax liabilities
to be realized within 12 months		(25,746	)		(31,777	)
to be realized after one year		(1,282,791	)		(1,264,557	)
Total deferred tax liabilities		(1,308,537	)		(1,296,334	)
Deferred tax liability, net		(189,278	)		(283,739	)

(c) Changes

Schedule of changes
Deferred income tax assets	December 31, 2021			Variação líquida			December 31, 2022
Provisions		503,374			57,030			560,404
Pension obligations - G1		150,577			(8,971	)		141,606
Donations of underlying asset on concession agreements		47,589			(1,501	)		46,088
Credit losses		183,963			15,400			199,363
Other		127,092			44,706			171,798
Total		1,012,595			106,664			1,119,259

Deferred income tax liabilities
Temporary difference on concession of intangible asset		(368,235	)		14,418			(353,817	)
Capitalization of borrowing costs		(404,931	)		(52,738	)		(457,669	)
Profit on supply to governmental entities		(353,262	)		6,612			(346,650	)
Actuarial (gain)/loss – G1		(109,271	)		15,710			(93,561	)
Construction margin		(46,079	)		2,756			(43,323	)
Borrowing costs		(14,556	)		1,039			(13,517	)
Total		(1,296,334	)		(12,203	)		(1,308,537	)

Deferred tax liabilities, net		(283,739	)		94,461			(189,278	)

Deferred income tax assets	December 31, 2020			Net change			December 31, 2021
Provisions		436,445			66,929			503,374
Pension obligations - G1		154,498			(3,921	)		150,577
Donations of underlying asset on concession agreements		50,142			(2,553	)		47,589
Credit losses		155,719			28,244			183,963
Other		134,932			(7,840	)		127,092
Total		931,736			80,859			1,012,595

Deferred income tax liabilities
Temporary difference on concession of intangible asset		(388,675	)		20,440			(368,235	)
Capitalization of borrowing costs		(390,211	)		(14,720	)		(404,931	)
Profit on supply to governmental entities		(356,513	)		3,251			(353,262	)
Actuarial (gain)/loss – G1		(48,979	)		(60,292	)		(109,271	)
Construction margin		(48,843	)		2,764			(46,079	)
Borrowing costs		(19,231	)		4,675			(14,556	)
Total		(1,252,452	)		(43,882	)		(1,296,334	)

Deferred tax liabilities, net		(320,716	)		36,977			(283,739	)

Deferred income tax assets	December 31, 2019			Net change			December 31, 2020
Provisions		366,673			69,772			436,445
Pension obligations - G1		157,998			(3,500	)		154,498
Donations of underlying asset on concession agreements		51,818			(1,676	)		50,142
Credit losses		145,622			10,097			155,719
Other		183,147			(48,215	)		134,932
Total		905,258			26,478			931,736

Deferred income tax liabilities
Temporary difference on concession of intangible asset		(408,732	)		20,057			(388,675	)
Capitalization of borrowing costs		(409,236	)		19,025			(390,211	)
Profit on supply to governmental entities		(372,289	)		15,776			(356,513	)
Actuarial (gain)/loss – G1		(54,222	)		5,243			(48,979	)
Construction margin		(83,399	)		34,556			(48,843	)
Borrowing costs		(11,376	)		(7,855	)		(19,231	)
Total		(1,339,254	)		86,802			(1,252,452	)

Deferred tax liabilities, net		(433,996	)		113,280			(320,716	)


	December 31, 2022			December 31, 2021			December 31, 2020

Opening balance		(283,739	)		(320,716	)		(433,996	)
Net change in the year:
- corresponding entry to the income statement		78,751			97,269			108,037
- corresponding entry to valuation adjustments to equity (Note 22)		15,710			(60,292	)		5,243

Total net change		94,461			36,977			113,280
Closing balance		(189,278	)		(283,739	)		(320,716	)

(d) Reconciliation of the effective tax rate

The amounts recorded as income tax and social contribution expenses in the financial statements are reconciled to the statutory rates, as shown below:


	December 31, 2022			December 31, 2021			December 31, 2020

Profit before income taxes		4,272,750			3,170,156			1,326,002
Statutory rate		34	%		34	%		34	%

Estimated expense at the statutory rate		(1,452,735	)		(1,077,853	)		(450,841	)
Tax benefit of interest on equity		284,920			200,073			126,604
Permanent differences
Provision – Law 4,819/1958 – G0 (i)		(26,786	)		(22,640	)		(37,675	)
Donations		(16,588	)		(16,723	)		(8,672	)
Other differences		59,706			52,856			17,900

Income tax and social contribution		(1,151,483	)		(864,287	)		(352,684	)

Current income tax and social contribution		(1,230,234	)		(961,556	)		(460,721	)
Deferred income tax and social contribution		78,751			97,269			108,037
Effective rate		27	%		27	%		27	%

(i)	Permanent difference related to the provision for actuarial liability (Note 22 (ii) and (v)).