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41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Unconsolidated Financial Information Of Companhia Paranaense De Energia - Copel [Abstract] |
Schedule of condensed statements of financial position | (a) Condensed statements of financial position as of December 31, 2019 and 2018
ASSETS | 12.31.2019 | 12.31.2018
CURRENT ASSETS |  |
Cash and cash equivalents | 25,304 | 315,003
Bonds and securities | 90 | 123,560
Collaterals and escrow accounts | - | 129
Dividends receivable | 760,719 | 519,100
CRC transferred to the Paraná State Government | 219,236 | 190,876
Other current receivables | 1,068 | 7,027
Income tax and social contribution receivable | 5,876 | 6,130
Other current recoverable taxes | - | 321
Prepaid expenses | 95 | 40
Receivable from related parties | 6,039 | 8,134
| 1,018,427 | 1,170,320
NONCURRENT ASSETS |  |
Long Term Assets |  |
Other temporary investments | 27,734 | 19,511
CRC transferred to the Paraná State Government | 1,131,449 | 1,254,166
Judicial deposits | 124,219 | 131,840
Other noncurrent receivables | 7,444 | 7,444
Income tax and social contribution receivable | 123,951 | 148,140
Deferred income tax and social contribution | 154,364 | 147,368
Other noncurrent recoverable taxes | 87,597 | 86,110
Receivable from related parties | 108,983 | 104,751
| 1,765,741 | 1,899,330
Investments | 17,286,220 | 16,070,567
Property, plant and equipment | 1,143 | 996
Intangible assets | 1,321 | 1,593
Right-of-use asset | 271 | -
| 19,054,696 | 17,972,486
TOTAL ASSETS | 20,073,123 | 19,142,806
LIABILITIES | 12.31.2019 | 12.31.2018
CURRENT LIABILITIES |  |
Payroll, social charges and accruals | 8,437 | 6,747
Accounts payable to related parties | 696 | 755
Accounts payable to suppliers | 3,956 | 2,731
Income tax and social contribution payable | 1,811 | -
Other taxes due | 120 | 152
Loans and financing | 39,628 | 129,401
Debentures | 315,008 | 941,677
Dividend payable | 588,563 | 354,203
Post-employment benefits | 378 | 87
Lease liability | 158 | -
Other accounts payable | 116 | 135
| 958,871 | 1,435,888
NONCURRENT LIABILITIES |  |
Accounts payable to related parties | 145 | -
Other taxes due | 2,817 | 2,602
Loans and financing | 746,075 | 773,984
Debentures | 797,713 | 596,403
Post-employment benefits | 8,658 | 4,867
Lease liability | 125 | -
Other accounts payable | 1,434 | 3,957
Provisions for legal claims | 304,871 | 292,180
| 1,861,838 | 1,673,993
EQUITY |  |
Attributable to controlling shareholders |  |
Capital | 10,800,000 | 7,910,000
Equity valuation adjustments | 591,927 | 785,610
Legal reserve | 1,014,248 | 914,751
Profit retention reserve | 4,846,239 | 6,422,564
| 17,252,414 | 16,032,925
TOTAL LIABILITIES & EQUITY | 20,073,123 | 19,142,806
Schedule of condensed statements of operations | (b) Condensed statements of operations for the years ended December 31, 2019, 2018 e 2017
| 12.31.2019 | 12.31.2018 | 12.31.2017
Operational expenses / income |  |  |
General and administrative expenses | (59,907) | (67,292) | (59,601)
Other operational income (expenses) | 1,244 | 11,696 | (68,788)
Equity in earnings of investees | 2,089,308 | 1,356,375 | 1,291,434
| 2,030,645 | 1,300,779 | 1,163,045
PROFIT BEFORE FINANCIAL RESULTS AND TAXES | 2,030,645 | 1,300,779 | 1,163,045
Financial results |  |  |
Financial income | 209,679 | 301,729 | 181,312
Financial expenses | (235,033) | (238,355) | (327,855)
| (25,354) | 63,374 | (146,543)
OPERATING PROFIT | 2,005,291 | 1,364,153 | 1,016,502
INCOME TAX AND SOCIAL CONTRIBUTION |  |  |
Current | (21,195) | (2,083) | (36,803)
Deferred | 5,850 | 44,993 | 53,927
| (15,345) | 42,910 | 17,124
NET INCOME | 1,989,946 | 1,407,063 | 1,033,626
BASIC AND DILUTED NET EARNING PER SHARE ATTRIBUTED TO |  |  |
CONTROLLING SHAREHOLDERS - Expressed in Brazilian Reais |  |  |
Common shares | 6.94344 | 4.91091 | 3.60754
Class "A" Preferred shares | 9.11525 | 5.40201 | 3.96830
Class "B" Preferred shares | 7.63812 | 5.40201 | 3.96830
Schedule of condensed statements of comprehensive income | (c) Condensed statement of comprehensive income for the years ended December 31, 2019, 2018 e 2017
| 12.31.2019 | 12.31.2018 | 12.31.2017
NET INCOME | 1,989,946 | 1,407,063 | 1,033,626
Other comprehensive income |  |  |
Items that will never be reclassified to profit or loss |  |  |
Gain (losses) on actuarial liabilities |  |  |
Post employment benefits | (3,371) | (408) | 18
Post employment benefits - equity | (120,358) | (38,245) | (29,567)
Taxes on other comprehensive income | 1,146 | 139 | (7)
Items that may be reclassified to profit or loss |  |  |
Adjustments related to financial assets | - | - | 11,661
Adjustments related to financial assets - equity | - | - | 9,554
Taxes on other comprehensive income | - | - | (3,965)
Realization - gain on financial assets, net of tax | - | - | (9,355)
Realization - gain on financial assets - equity | - | - | (9,554)
Subsidiary loss with interest variation | (4,874) | - | -
Total comprehensive income, net of taxes | (127,457) | (38,514) | (31,215)
TOTAL COMPREHENSIVE INCOME | 1,862,489 | 1,368,549 | 1,002,411
Schedule of condensed statements of cash flows | (d) Condensed statements of cash flows for the years ended December 31, 2019, 2018 and 2017
| 12.31.2019 | 12.31.2018 | 12.31.2017
CASH FLOWS FROM INVESTMENT ACTIVITIES | 688,443 | 653,230 | 440,406
CASH FLOWS FROM INVESTMENT ACTIVITIES |  |  |
Financial investments | 115,376 | (124,254) | 24
Loans and financing granted to related parties | (24,410) | (192,445) | (251,856)
Receipt of loans and financing granted to related parties | 24,512 | 560,877 | 124,122
Disposal of investments | - | - | 397,572
Additions in investments | (271,968) | (608,934) | (574,347)
Capital reduction of investees | - | 45,000 | 170,000
Additions to property, plant and equipment | (285) | (267) | (282)
Additions to intangible assets | (271) | (3) | (499)
NET CASH USED IN INVESTING ACTIVITIES | (157,046) | (320,026) | (135,266)
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |
Loans and financing obtained from third parties | - | - | 77,000
Issue of Debentures | 500,000 | 600,000 | 520,000
Issue of loans with related parties | 48,000 | - | -
Amortization of principal - loans and financing | (115,500) | (77,000) | (83,000)
Amortization of principal - debentures | (853,400) | (333,300) | (333,300)
Amortization of loans obtained from related parties | (48,000) | - | -
Amortization of principal - Lease liabilities | (141) | - | -
Dividends and interest on own capital paid | (352,055) | (264,734) | (475,103)
NET CASH USED IN FINANCING ACTIVITIES | (821,096) | (75,034) | (294,403)
TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS | (289,699) | 258,170 | 10,737
Cash and cash equivalents at the beginning of the period | 315,003 | 56,833 | 46,096
Cash and cash equivalents at the end of the period | 25,304 | 315,003 | 56,833
CHANGE IN CASH AND CASH EQUIVALENTS | (289,699) | 258,170 | 10,737
Schedule of outstanding balances with related parties | Related Parties: The Company has the following balances outstanding with related parties:
| 12.31.2019 | 12.31.2018
Assets |  |
Copel Distribuição | 108,983 | 104,751
Investees and Subsidiaries - Structure sharing | 6,039 | 8,134
| 115,022 | 112,885
Liabilities |  |
Investees and Subsidiaries - Structure sharing | 696 | 755
Elejor advance | 145 | -
| 841 | 755
Schedule of investments in subsidiaries | Investments - As of December 31, 2019 and 2018, investments in subsidiaries are comprised as follows:
| 12.31.2019 | 12.31.2018
Copel Geração e Transmissão | 9,749,705 | 8,911,964
Copel Distribuição | 6,012,246 | 5,908,755
Copel Telecomunicações | 710,128 | 638,873
Copel Energia | 243,123 | 83,468
Compagas | 284,747 | 221,654
UEG Araucária | 64,094 | 74,132
Other investments | 71,431 | 79,542
| 17,135,474 | 15,918,388
Schedule of dividends receivable | Dividends receivable - The dividends receivable is comprised as follows:
| 12.31.2019 | 12.31.2018
Investees and subsidiaries |  |
Copel Geração e Transmissão | 464,450 | 368,950
Copel Distribuição | 266,050 | 89,486
Copel Telecomunicações | - | 29,260
Copel Comercialização | 88 | -
Compagas | 22,531 | 9,996
Elejor | - | 13,358
UEG Araucária | 6,143 | 6,143
Joint Ventures |  |
Voltália | 1,032 | 1,032
Other investments | 425 | 875
| 760,719 | 519,100
Schedule of provisions for risks | Reserve for risks - Companhia Paranaense de Energia - Copel recorded reserves for risks mainly related to Cofins and PIS/PASEP. The provisions for risks are shown below:
| 12.31.2019 | 12.31.2018
Regulatory | 17,357 | 16,176
Labor | 1,957 | 588
Civil | 150,529 | 142,773
Tax Claim | 135,028 | 132,643
| 304,871 | 292,180
Schedule of restricted subsidiaries net assets | As of December 31, 2019 and 2018, total restricted subsidiaries net assets are composed as follows:
| 12.31.2019 | 12.31.2018
Copel Geração e Transmissão S.A. | 9,749,705 | 8,911,964
Copel Distribuição S.A. | 6,012,244 | 5,908,755
UEG Araucária Ltda. | 315,740 | 370,662
Centrais Elétricas Rio Jordão - Elejor | 42,859 | 53,977
| 16,120,548 | 15,245,358
Schedule of expected undiscounted settlement values of the liabilities | The following table shows the expected undiscounted settlement values of the liabilities, in each time range:
| Interest (a) | Less than 1 month | 1 to 3 months | 3 months to a year | 1 to 5 years | Over 5 years | Total
12.31.2019 |  |  |  |  |  |  |
Loans and financing | Note 21 | - | 47,209 | 27,273 | 800,135 | - | 874,617
Debentures | Note 22 | 318,774 | - | 28,433 | 840,228 | - | 1,187,435
Suppliers |  | 3,956 | - | - | - | - | 3,956
Lease liabilities | Note 27 | 15 | 29 | 131 | 142 | - | 317
|  | 322,745 | 47,238 | 55,837 | 1,640,505 | - | 2,066,325
(a) Effective interest rate - weighted average. |  |  |  |  |

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