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17. Investments
 12 Months Ended
Dec. 31, 2018
Investments Abstract  
Investments

17.1   Changes in investments

              Effects of      
      Investment/     Proposed  applying      
  Balance as of   Advance for future Capital   dividends new IFRS   Balance as of  
  January 1, 2018 Equity capital increase decrease Amortization and JCP (Note 4.17.3) Other (a) December 31, 2018  
Joint Ventures (17.3)                    
Voltalia São Miguel do Gostoso I                  74,998     (3,964)                        39,534                  -                           -                    -                          -                -                      110,568  
Voltalia São Miguel do Gostoso - authorization rights                  10,773               -                                  -                  -                     (368)                    -                          -                -                        10,405  
Paraná Gás                           3            (3)                                  -                  -                           -                    -                          -                -                                 -  
Costa Oeste (Note 1.2)                  33,646       3,041                                  -                  -                           -                    -                          -     (36,687)                                 -  
Marumbi (Note 1.2)                  85,341       6,971                                  -                  -                           -                    -                          -     (92,312)                                 -  
Transmissora Sul Brasileira (Note 1.2)                  64,360       1,161                                  -                  -                           -                    -                          -     (65,521)                                 -  
Caiuá                  56,037       5,034                                  -                  -                           -           (1,324)                14,892                -                        74,639  
Integração Maranhense                113,401       9,238                                  -                  -                           -           (2,022)                  9,067                -                      129,684  
Matrinchã                835,819     50,411                                  -                  -                           -           (9,131)             (203,883)                -                      673,216  
Guaraciaba                418,320     35,321                                  -                  -                           -           (4,328)               (92,372)                -                      356,941  
Paranaíba                162,273   (16,510)                                  -                  -                           -           (2,976)                17,797                -                      160,584  
Mata de Santa Genebra                459,374     (2,541)                        48,096                  -                           -            3,264               (23,931)                -                      484,262  
Cantareira                200,018     24,564                                  -       (35,280)                           -           (1,461)              129,682                -                      317,523  
              2,514,363   112,723                        87,630       (35,280)                     (368)         (17,978)             (148,748)   (194,520)                   2,317,822  
Associates                    
Dona Francisca Energética (17.4)                  29,821       9,989                                  -                  -                           -         (10,666)                          -                -                        29,144  
Foz do Chopim Energética (17.4)                  13,084     13,214                                  -                  -                           -         (18,071)                          -                -                          8,227  
Dominó Holdings                    2,457          (15)                                  -                  -                           -                    -                          -                -                          2,442  
Other                    9,556          (23)                                 9                  -                           -                    -                          -          (427)                          9,115  
                   54,918     23,165                                 9                  -                           -         (28,737)                          -          (427)                        48,928  
Investment property                    1,362               -                                  -                  -                         (5)                    -                          -            (15)                          1,342  
Other investments                           -               -                             142                  -                           -                    -                          -                -                             142  
              2,570,643   135,888                        87,781       (35,280)                     (373)         (46,715)             (148,748)   (194,962)                   2,368,234  
(a) Of the total, the amounts of R$ 36,687 and R$ 92,312 refers to investments that are now subsidiaries; R$ 65,521 refers to investment written off; R$ 427 from the sale of the associated company Dois Saltos Empreendimentos de Geração de Energia Elétrica Ltda ; and R$ 15 refers to the transfer to Other receivables.  
 

 

               
      Investment/        
      Advance   Proposed    
  Balance as of   for future   dividends   Balance as of
  January 1, 2017 Equity capital increase Amortization and JCP Other (a) December 31, 2017
Joint Ventures (17.3)              
Dominó Holdings (a)   81,526 (568) -   - (5,144) (75,814)   -
Voltalia São Miguel do Gostoso I   75,563 (565) -   -   -   - 74,998
Voltalia São Miguel do Gostoso - authorization rights   11,140   - -   (367)   -   - 10,773
Paraná Gás 37 (34) -   -   -   -   3
Costa Oeste (Note 1.2)   37,232   (2,566) -   - (1,020)   - 33,646
Marumbi (Note 1.2)   94,878   (9,537) -   -   -   - 85,341
Transmissora Sul Brasileira (Note 1.2)   69,369   (5,009) -   -   -   - 64,360
Caiuá   60,057   (4,020) -   -   -   - 56,037
Integração Maranhense   122,253   (8,852) -   -   -   - 113,401
Matrinchã   792,069   57,376 -   - (13,626)   - 835,819
Guaraciaba   398,969   25,377 -   - (6,026)   - 418,320
Paranaíba   147,213   17,020 2,082   - (4,042)   - 162,273
Mata de Santa Genebra   232,240   19,477 210,920   - (3,263)   - 459,374
Cantareira   161,855   3,879 35,205   -   (921)   - 200,018
  2,284,401   91,978 248,207   (367) (34,042) (75,814)   2,514,363
Associates              
Dona Francisca Energética (17.4)   32,766   8,876 -   - (11,821)   - 29,821
Foz do Chopim Energética (17.4)   13,967   6,645 -   - (7,528)   - 13,084
Dominó Holdings - 4 -   -   -   2,453 2,457
Other   12,016   (5,764)   36   2,872   - 396 9,556
    58,749   9,761   36   2,872 (19,349)   2,849 54,918
Other investments   1,362  - -   -   -   - 1,362
  2,344,512   101,739 248,243   2,505 (53,391) (72,965)  2,570,643
(a) Of the total amount of R$75,814, R$73,361 refers to capital decrease and R$2,453 refers to the change in the investment of a Joint venture to an Associate.

 

17.2   Subsidiaries with non-controlling interests

17.2.1     Summarized financial information

  Compagás Elejor UEG Araucária
   12.31.2018   12.31.2017   12.31.2016  12.31.2018   12.31.2017   12.31.2016  12.31.2018   12.31.2017   12.31.2016
                   
 ASSETS        675,286        632,910        526,477        652,175        675,450        708,688        436,137        507,060        529,251
 Current assets        204,725        151,966        135,292         80,990         77,216         76,231         33,573         99,101        162,814
 Noncurrent assets        470,561        480,944        391,185        571,185        598,234        632,457        402,564        407,959        366,437
                   
 LIABILITIES        675,286        632,910        526,477        652,175        675,450        708,688        436,137        507,060        529,251
 Current liabilities        133,769        147,743        180,133        124,880        164,574        142,222         42,185         38,386         62,253
 Noncurrent liabilities        106,900         87,409         46,716        473,318        449,149        486,765         23,290         22,470         20,422
 Equity        434,617        397,758        299,628         53,977         61,727         79,701        370,662        446,204        446,576
                   
 STATEMENT OF INCOME                  
 Operating revenues        588,532        515,563        542,822        293,942        291,597        263,686              524        129,084         57,432
 Operating costs and expenses       (515,594)       (309,213)       (534,817)        (89,931)        (93,230)        (96,321)        (94,970)       (121,883)       (259,324)
 Financial results          (2,411)        (25,612)          (1,422)        (89,301)        (54,254)        (93,717)           2,275           5,302         18,499
 Equity in earnings of investees                  -                  -                  -                  -                  -                  -                  -          (5,777)        (55,284)
 Income tax and social contribution        (10,909)        (66,785)          (1,632)        (38,379)        (47,893)        (24,525)         16,316          (7,098)         46,358
 Net income (loss)         59,618        113,953           4,951         76,331         96,220         49,123        (75,855)             (372)       (192,319)
 Other comprehensive income              187             (251)              132                  -                  -                  -                  -                  -                  -
 Total comprehensive income          59,805        113,702           5,083         76,331         96,220         49,123        (75,855)             (372)       (192,319)
                   
 STATEMENTS OF CASH FLOWS                  
 Cash flows from operational activities         66,017         83,661         32,714        127,108        143,911        104,136        (26,980)        (86,840)         65,203
 Cash flows from investment activities        (15,961)        (14,268)        (25,975)          (2,659)          (1,461)          (1,465)          (2,768)        118,460         21,587
 Cash flows from financing activities        (43,980)        (20,623)             (751)       (119,468)       (143,028)       (105,843)                  -                  -       (200,000)
                   
 TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS              6,076         48,770           5,988           4,981             (578)          (3,172)        (29,748)         31,620       (113,210)
 Cash and cash equivalents at the beginning of the year         84,079         35,309         29,321         37,905         38,483         41,655         51,264         19,644        132,854
 Cash and cash equivalents at the end of the year         90,155         84,079         35,309         42,886         37,905         38,483         21,516         51,264         19,644
 CHANGE IN CASH AND CASH EQUIVALENTS               6,076         48,770           5,988           4,981             (578)          (3,172)        (29,748)         31,620       (113,210)
                   
                   

17.2.2     Changes in equity attributable to non-controlling shareholders

Participation in capital stock Compagás:  49% Elejor:  30% UEG Araucária:  20% Consolidated
Balance as of January 1, 2016               144,904         22,200                       150,849             317,953
Net income (loss)                  2,425         14,736                      (38,461)              (21,300)
Other comprehensive income                       65  -                                -                     65
Deliberation of additional dividends proposed                         -  -                      (23,072)              (23,072)
Distribution of dividends with retained earnings                         -         (9,342)                                -                (9,342)
Dividends                    (576)         (3,684)                                -                (4,260)
Balance as of December 31, 2016               146,818         23,910                       89,316             260,044
Net income (loss)                55,837         28,866                            (74)               84,629
Other comprehensive income                    (123)                 -                                -                  (123)
Deliberation of additional dividends proposed                         -        (11,053)                                -              (11,053)
Dividends                 (7,631)        (23,205)                                -              (30,836)
Balance as of December 31, 2017               194,901         18,518                       89,242             302,661
Net income (loss)                29,213         22,899                      (15,171)               36,941
Other comprehensive income                       91                 -                             63                   154
Dividends               (11,243)        (25,224)                                -              (36,467)
Balance as of December 31, 2018               212,962         16,193                       74,134             303,289
         

17.3   Total balances of the groups of assets, liabilities, profit or loss and equity interest in commitments and contingent liabilities of the main joint ventures

                 
  Voltalia Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira
12.31.2018
.                
ASSETS 227,867 261,951   465,801 2,199,434 1,295,670 1,574,846 2,365,160 1,443,693
Current assets 2,344 26,471   47,347   326,557   229,693   165,072   202,253   161,328
Cash and cash equivalents   205 1,128 1   116,634   136,191   13,931   19,568 301
Other current assets 2,139 25,343   47,346   209,923   93,502   151,141   182,685   161,027
Noncurrent assets 225,523 235,480   418,454 1,872,877 1,065,977 1,409,774 2,162,907 1,282,365
.                
LIABILITIES 227,867 261,951   465,801 2,199,434 1,295,670 1,574,846 2,365,160 1,443,693
Current liabilities 2,216 24,955   73,856   137,627   79,701   104,599   124,606  60,964
Financial liabilities   - 7,615   13,228   70,192   27,950   55,968   33,964   46,329
Other current liabilities 2,216 17,340   60,628   67,435   51,751   48,631   90,642   14,635
Noncurrent liabilities   - 84,672   127,284   687,897   487,520   814,798 1,273,962   734,724
Financial liabilities   - 57,028   91,342   683,316   482,125   612,854   934,650   532,179
Other noncurrent liabilities   - 27,644   35,942   4,581   5,395   201,944   339,312   202,545
Equity 225,651 152,324   264,661 1,373,910   728,449   655,449   966,592   648,005
.                
STATEMENT OF INCOME                
Net operating income   - 25,129   42,379   272,103   181,665   (14,331)   514,591   195,441
Operating costs and expenses   (103) (4,785) (7,732)   (47,771)   (27,273)   (23,244) (462,839)   (60,529)
Financial results   (170) (5,017) (7,817)   (61,910)   (35,036)  (57,977) (59,507)   (58,402)
Equity in income of subsidiaries (7,815)   -   -   -   -   -  -   -
Income tax and social contribution   - (5,053) (7,974)   (59,544)   (47,273)   28,163   2,685   (26,379)
Net income (loss) (8,088) 10,274   18,856   102,878   72,083   (67,389) (5,070)   50,131
Other comprehensive income   -   -   -   -   -   -   -   -
Total comprehensive income (8,088) 10,274   18,856  102,878   72,083   (67,389) (5,070)   50,131
.                
Investment interest - % 49.0 49.0   49.0   49.0   49.0   24.5   50.1   49.0
Investment book value 110,568 74,639   129,684   673,216   356,941   160,584   484,262   317,523
                 

 

                   
  Voltalia Transmissora Sul Brasileira Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira
12.31.2017
.                  
ASSETS   155,272 659,464   230,743   466,783   2,774,973 1,428,247   1,698,213 1,722,063   952,670
Current assets 2,141 56,604 22,895   44,594 297,331   139,920 233,065   107,568 6,046
Cash and cash equivalents 3 25,547 1,626   2,224 116,256   34,364   29,066   96,244 5,169
Other current assets 2,138 31,057 21,269   42,370 181,075   105,556 203,999   11,324   877
Noncurrent assets   153,131 602,860   207,848   422,189   2,477,642 1,288,327   1,465,148 1,614,495   946,624
.                  
LIABILITIES   155,272 659,464   230,743   466,783   2,774,973 1,428,247   1,698,213 1,722,063   952,670
Current liabilities 2,214 220,845 23,608   71,563 140,515   71,818 124,764   12,630 9,706
Financial liabilities   - 212,618 7,427   13,240   48,686   32,627   53,317   -   -
Other current liabilities 2,214 8,227 16,181   58,323   91,829   39,191   71,447   12,630 9,706
Noncurrent liabilities   - 116,818 92,774   163,790 928,706   502,713 911,107   792,519   534,764
Financial liabilities   - 106,174 64,081   103,755 712,198   388,806 638,779   703,897   439,192
Other noncurrent liabilities   - 10,644 28,693   60,035 216,508   113,907 272,328   88,622 95,572
Equity   153,058 321,801   114,361   231,430   1,705,752   853,716 662,342   916,914   408,200
.                  
STATEMENT OF INCOME                  
Net operating income   - 53,374   (2,904) (14,460) 403,891   208,444 320,302   588,123   392,766
Operating costs and expenses (113)   (63,752)   (5,194) (4,245)   (183,660) (93,369)   (150,984) (434,779) (347,771)
Financial results 9   (26,994)   (6,017) (9,070) (47,331) (36,981) (59,132) (94,512)   (35,207)
Equity in income of subsidiaries   (1,048)   -   - - - - -   -   -
Income tax and social contribution   - 12,330 5,908   9,709 (55,808) (26,303) (40,717) (19,955)   (1,871)
Net income (loss)   (1,152)   (25,042)   (8,207) (18,066) 117,092   51,791   69,469   38,877 7,917
Other comprehensive income   -   -   - - - - -   -   -
Total comprehensive income   (1,152)   (25,042)   (8,207) (18,066) 117,092   51,791  69,469   38,877 7,917
.                  
Investment interest - % 49.0 20.0 49.0 49.0   49.0 49.0   24.5 50.1 49.0
Investment book value 74,998 64,360 56,037   113,401 835,819   418,320 162,273   459,374   200,018
.                  
                   

 

  Dominó (a) Voltalia Costa Oeste Marumbi Transmissora Sul Brasileira Caiuá Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira
12.31.2016
.                        
ASSETS   180,049    156,422   112,601     185,888              696,381        255,276           513,186     2,583,118        1,247,036       1,284,733             1,050,330        525,446
Current assets    24,725       2,177      9,892       12,614                51,963          26,820             49,355        273,185           107,429            41,648                 59,160            1,242
Cash and cash equivalents      5,340            41      4,323         3,324                23,295           1,435                  115        118,196            16,284             3,051                 47,792               157
Other current assets    19,385       2,136      5,569         9,290                28,668          25,385             49,240        154,989            91,145            38,597                 11,368            1,085
Noncurrent assets   155,324    154,245   102,709     173,274              644,418        228,456           463,831     2,309,933        1,139,607       1,243,085               991,170        524,204
.                        
LIABILITIES   180,049    156,422   112,601     185,888              696,381        255,276           513,186     2,583,118        1,247,036       1,284,733             1,050,330        525,446
Current liabilities    13,669       2,212      8,003       17,760                33,949          26,776             76,137        120,886            41,099            83,078               523,351        140,759
Financial liabilities             -              -      3,110         5,190                25,153           7,387             13,188          52,625              9,928            45,939               489,017          65,697
Other current liabilities    13,669       2,212      4,893       12,570                 8,796          19,389             62,949          68,261            31,171            37,139                 34,334          75,062
Noncurrent liabilities             -              -    31,594       49,531              315,589        105,934           187,554        845,764           391,712          600,784                 63,427          54,373
Financial liabilities             -              -    27,426       43,171              308,859          70,633           115,732        747,709           378,528          561,700                          -                   -
Other noncurrent liabilities             -              -      4,168         6,360                 6,730          35,301             71,822          98,055            13,184            39,084                 63,427          54,373
Equity   166,380    154,210    73,004     118,597              346,843        122,566           249,495     1,616,468           814,225          600,784               463,552        330,314
.                        
STATEMENT OF INCOME                        
Net operating income             -              -    20,433       37,559                56,553          38,148             64,428        433,833           310,380          322,855               570,237        337,614
Operating costs and expenses        (969)         (122)     (3,341)      (11,906)               (12,042)          (4,008)              (2,851)       (237,779)          (204,412)         (185,789)              (497,852)       (321,966)
Financial results   (24,062)              5     (1,213)        (3,596)               (32,674)          (6,432)            (10,934)         (66,462)           (73,693)           (58,703)                (80,255)               225
Equity in income of subsidiaries   101,543       8,987             -                -                        -                  -                      -                  -                     -                    -                          -  
Income tax and social contribution             -              -     (1,426)        (1,822)                (2,810)         (11,355)            (18,125)         (44,061)             (9,429)           (25,924)                   2,724           (5,354)
Net income (loss)    76,512       8,870    14,453       20,235                 9,027          16,353             32,518          85,531            22,846            52,439                  (5,146)          10,519
Other comprehensive income     (9,669)              -             -                -                        -                  -                      -                  -                     -                    -                          -                   -
Total comprehensive income    76,512       8,870    14,453       20,235                 9,027          16,353             32,518          85,531            22,846            52,439                  (5,146)          10,519
.                        
Investment interest - %        49.0         49.0        51.0          80.0                   20.0             49.0                 49.0             49.0                49.0               24.5                     50.1              49.0
Investment book value    81,526      75,563    37,232       94,878                69,369          60,057           122,253        792,069           398,969          147,213               232,240        161,855
.                        

 

As of December 31, 2018, Copel's interest in the commitments assumed from its joint ventures is equivalent to R$ 81,263 (R$ 141,744 in 2017) and in contingent liabilities is equivalent to R$ 40.324 (R$ 38,218 in 2017).

17.4   Total balances of the groups of assets, liabilities, profit or loss and equity interest in contingent liabilities of the main associates

  Dona Francisca Foz do Chopim
   12.31.2018   12.31.2017   12.31.2016  12.31.2018   12.31.2017   12.31.2016
.            
ASSETS        134,141        138,079        151,563        106,736         61,163         48,937
Current assets         12,493         10,304         19,311         73,786         21,553         11,043
Noncurrent assets        121,648        127,775        132,252         32,950         39,610         37,894
.            
LIABILITIES        134,141        138,079        151,563        106,736         61,163         48,937
Current liabilities           4,231           4,144           5,306         57,603           1,808           2,336
Noncurrent liabilities           3,361           4,443           3,982         26,133         22,776           7,553
Equity        126,549        129,492        142,275         23,000         36,579         39,048
.            
STATEMENT OF INCOME            
Net operating income         70,716         70,716         70,208         46,479         40,441         40,762
Operating costs and expenses        (25,268)        (30,379)        (34,074)          (2,020)        (21,124)        (10,130)
Financial income (expense)              366              835           1,453             (638)              809              795
Income tax and social contribution          (2,446)          (2,632)          (3,275)          (6,880)          (1,547)          (1,580)
Net income         43,368         38,540         34,312         36,941         18,579         29,847
Other comprehensive income                  -                  -                  -                  -                  -                  -
Total comprehensive income         43,368         38,540         34,312         36,941         18,579         29,847
.            
Investment interest - %        23.0303        23.0303        23.0303           35.77           35.77           35.77
Investment book value         29,144         29,821         32,766           8,227         13,084         13,967
             
             

As of December 31, 2018, Copel's interest in the contingent liabilities of its associates is equivalent to R$ 61,341 (R$ 58,194 in 2017).