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23. Debentures (Tables)
 12 Months Ended
Dec. 31, 2018
Debentures Tables Abstract  
Debentures

 

    Issue Number of  Maturity Annual rate p.y.      
Issue Company Date installment initial final (interest) Principal 12.31.2018  12.31.2017 
(1)   5th  Copel 05.13.2014 3 05.13.2017 05.13.2019 111.5% of DI         1,000,000          336,139               672,537
(2)   6th  Copel 06.28.2017 1 - 06.28.2019 117.0% of DI            520,000          585,540               542,944
(3)   7th  Copel 01.19.2018 2 01.19.2020 01.19.2021 119.0% of DI            600,000          616,401                           -
(4)   1st  Copel GeT 05.15.2015 3 05.15.2018 05.15.2020 113.0% of DI         1,000,000          695,328            1,059,822
(5)   2nd  Copel GeT 07.13.2016 2 07.13.2018 07.13.2019 121.0% of DI         1,000,000          514,993            1,037,570
(6)   3rd  Copel GeT 10.20.2017 3 10.20.2020 10.20.2022 126.0% of  DI         1,000,000       1,003,715               999,442
(7)   4th  Copel GeT 07.23.2018 3 07.23.2021 07.23.2023 126.0% of  DI         1,000,000       1,017,858                           -
(8)   5th  Copel GeT 09.25.2018 5 09.15.2021 09.15.2025 IPCA + 7.6475%            290,000          286,199                           -
(9)   2nd  Copel DIS 10.27.2016 2 10.27.2018 10.27.2019 124.0% of DI            500,000          250,943               502,179
(10)   3rd  Copel DIS 10.20.2017 2 10.20.2021 10.20.2022 126.0% of  DI            500,000          502,640               501,810
(11)   4th  Copel DIS 09.27.2018 3 09.27.2021 09.27.2023 DI + spread 2.70%         1,000,000       1,003,524                           -
(12)   1st  Copel TEL 10.15.2015 5 10.15.2020 10.15.2024 IPCA + 7.9633%            160,000          186,783               184,506
(13)   2nd  Copel TEL 07.15.2017 1 - 07.15.2022 IPCA + 5.4329%            220,000          232,131               215,675
(14)  2nd  (a) 03.24.2016 192 08.15.2016 07.15.2032 TJLP + 2.02%             147,575          128,243               135,662
(15)  2nd  (a) 03.24.2016 192 08.15.2016 07.15.2032 IPCA + 9.87%            153,258          140,043               145,786
(16)   2nd  Elejor 09.26.2013 60 10.26.2013 09.26.2018 DI + Spread 1.00%            203,000                      -                 30,370
(17)   1st  Compagás 12.16.2013 40 09.15.2015 12.15.2018 TJLP+1.7% p.y.+1.0%              66,626                      -                 19,214
(18)   2nd  Compagás 04.15.2016 54 07.15.2017 12.15.2021 TJLP/Selic + 2.17%              33,620            17,651                 23,461
                      7,518,131            6,070,978
              Current        2,184,881            1,632,062
              Noncurrent        5,333,250            4,438,916
(a)  Nova Asa Branca I, Nova Asa Branca II, Nova Asa Branca III, Nova Eurus IV e Ventos de Santo Uriel.      
                   
Characteristics:                 
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (16) Simple debentures, single series, not convertible into shares, unsecured, for public   
distribution with restricted placement efforts, according to CVM No. 476.          
(14) Simple debentures, 1st serie, issued privately and not convertible into shares.        
(15) Simple debentures, 2nd serie, issued privately and not convertible into shares.        
(17) (18) Simple floating debentures, issued privately in a single series and not convertible into shares.      
                   
Finance charges:                
(1) Half-yearly interest - May and November.            
(2) Interest on the maturity of the agreement - June
(3) (7) (13) Half-yearly interest - January and July.
(4) Annual interest - May.
(5) Annual interest - July.
(6) (10) (12)  Half-yearly interest - April and October.            
(8) (11) Half-yearly interest - March and September.
(9) Annual interest - October.              
(14) (15) (16) Monthly interest.              
(17) (18) Quarterly interest - March, June, September and December.
                   
Allocation:                
(1) (2) (3) (4) (5) (6) (9) (10) Working capital or used to make investments in the issuer.      
(7) Full early redemption of the 4th issue of the Company’s trade promissory notes and partial payment of the 1st amortization  installment of the 2nd issue of debentures.
(8) Reimbursement of expenses related to the Construction Project of the Transmission Lines in: Araraquara II - Taubaté, Assis - Londrina and Foz do Chopim.
(11) Working capital and payment of the 1st installment of amortization of the 2nd issue of debentures.
(12) (13) Deployment, expansion and modernization of the telecommunication network.      
(14) (15) Implementation of wind farms and associated transmission systems.
(16) Full settlement of the loan agreement with Copel.
(17) (18) Fund investment plan of the issuer.            
                   
Collaterals:                
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (16) Personal guarantee
(14) (15) Real and personal guarantee and pledge of Copel Geração e Transmissão's shares.      
(17) (18) Floating                
                   
Guarantor:                
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) Copel.
(16) Copel, at the ratio of  70% and Paineira Participações S.A., at the ratio of  30%.
(17) (18)  Compagás.                
                   
Trustee:                   
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (16) Pentágono S.A. DTVM.
(14) (15) None.                
(17) (18)  BNDES Participações S.A. - BNDESPAR.
Maturity of Noncurrent Installments
   
12.31.2018  
2020  995,390
2021  1,631,912
2022  1,588,014
2023  784,214
2024  128,112
After 2024  205,608
   5,333,250
Changes in Debentures
   
Balance as of January 1, 2017  4,790,809
Funding  2,242,521
Charges and monetary variations  575,468
Amortization - principal  (915,005)
Payment - charges  (622,815)
Balance as of December 31, 2017  6,070,978
Funding  2,890,283
Charges and monetary variations  549,539
Amortization - principal  (1,491,667)
Payment - charges  (501,002)
Balance as of December 31, 2018  7,518,131
Financial Covenants
       
Company Contract Annual financial index Limit
Copel 5th issue de Debentures Consolidated net debt / Consolidated EBITDA
Debt service coverage ratio		 ≤  3.5
≥ 1.5
6th issue de Debentures
7th issue de Debentures
Copel GeT 1st issue de Debentures
2nd issue de Debentures
3rd issue de Debentures
4th issue de Debentures
5th issue de Debentures
Copel DIS 2nd issue de Debentures
3rd issue de Debentures
4th issue de Debentures
Copel TEL 1st issue de Debentures
2nd issue de Debentures
Compagás 1st issue de Debentures Net debt / EBITDA ≤  3.5
2nd issue de Debentures General Indebtedness ≤  0.7
Nova Asa Branca I 2nd issue de Debentures Debt service coverage ratio ≥ 1.3
Nova Asa Branca II
Nova Asa Branca III
Nova Eurus IV
Ventos de Santo Uriel
Borrowing Amounts Recognized

Amounts recognized in liabilities, under Post-employment Benefits, are summarized below:

 

     
  12.31.2018 12.31.2017
Pension plans  1,149  1,069
Healthcare plans  967,614  865,034
   968,763  866,103
Current  58,478  53,225
Noncurrent  910,285  812,878

 

Amounts recognized in the statement of income are shown below:

 

       
  12.31.2018 12.31.2017 12.31.2016
Employees      
Pension plans  78,209  78,680  75,407
Healthcare plan - post employment  97,866  97,511  129,647
Healthcare plan - active employees  86,580  81,617  75,578
(-) Transfers to construction in progress  (20,630)  (21,901)  (22,268)
   242,025  235,907  258,364
Management      
Pension plans  1,598  1,500  -
Healthcare plan  127  190  1,175
   1,725  1,690  1,175
   243,750  237,597  517,903