XML 36 R20.htm IDEA: XBRL DOCUMENT v3.19.1
14. Prepaid Expenses
 12 Months Ended
Dec. 31, 2018
Prepaid Expenses  
Prepaid Expenses
       
       
       
    12.31.2018  12.31.2017 
  Risk premium - GSF renegotiation (14.1)           12,574           28,033
  Others           31,535           24,518
              44,109           52,551
  Current           40,819           39,867
  Noncurrent             3,290           12,684

 

14.1Hydrological risk renegotiation (GSF)

In accordance with Hydrological Risk Renegotiation Term and previously mentioned regulations, the companies acquired the right to partially recover the cost with MRE (GSF) in 2015, in the amount of R$ 33.55 per average MW of electricity for SP100 product class, based on the risk premium contracted by them (NE nº 4.9.2).

The amounts originally recognized on the renegotiation of the hydrological risk were as follows:

Power Plant Physical guarantee
(Average MW )		 Eligible amount of energy (Average MW ) Amortization period
of prepaid expenses		 Grant extension period
(intangible asset)		 Asset value
to recover as renegotiation
of  GSF		 Value of prepaid expenses to
amortize with
future risk premium		 Value of intangible assets amortization over the concession period
Mauá 100.827 97.391 01.01.2016 to 06.30.2020 not applicable            28,623                           28,623                                 -
Foz do Areia 576,000 226.705 01.01.2016 to 12.31.2016 05.24.2023 to 09.17.2023            66,628                           17,222                         49,406
Santa Clara and Fundão 135,400 134.323 01.01.2016 to 04.22.2019 10.25.2036 to 05.28.2037            39,369                           30,326                          9,043
    458.419              134,620                           76,171                         58,449

 

A breakdown of these items as at December 31, 2018 and 2017 is presented below:

  Balance as of     Balance as of      Balance as of 
  January 1, 2017 Amortization Transfers December 31, 2017 Amortization Transfers December 31, 2018
Risk premium - current asset               15,459          (12,876)     12,876                    15,459          (15,459)       9,394                      9,394
Risk premium - noncurrent asset               25,450                   -    (12,876)                    12,574                   -      (9,394)                      3,180
Intangible               53,186           (7,441)              -                    45,745           (7,038)              -                    38,707
                94,095          (20,317)              -                    73,778          (22,497)              -                    51,281
Risk premium to be amortized - prepaid expenses               40,909                        28,033                        12,574
Grant extension period - intangible               53,186                        45,745                        38,707