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21 Loans and Financing (Tables) | 12 Months Ended
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Dec. 31, 2019
Loans And Financing [Abstract] |
Schedule of borrowings |
|  |  |  |  |  |  |  | Contractual | Effective |  | 12.31.2019 | 12.31.2018
|  |  |  | Issue | Number of | Final | Payment | financial | interest | Contract
Contracts | Company | Allocation | Guarantees | Date | installment | maturity | of charges | charges p.y. | rate p.y. | amount
FOREIGN CURRENCY |  |  |  |  |  |  |  |  |  |  |  |
National Treasury Department (STN - Secretaria do Tesouro Nacional) |  |  |  |  |  |  |  |  |  |  |  |
Par Bond | Copel | Debt negotiation | Guarantees deposited (21.1). | 05.20.1998 | 1 | 04.11.2024 | Half-yearly | 6.0% + 0.20% | 6.0% + 0.20% | 17,315 | 64,325 | 61,837
Discount Bond | 05.20.1998 | 1 | 04.11.2024 | Half-yearly | 3.5% + 0.20% | 3.5% + 0.20% | 12,082 | 44,658 | 42,914
Total foreign currency |  |  |  |  |  |  |  |  |  |  | 108,983 | 104,751
LOCAL CURRENCY |  |  |  |  |  |  |  |  |  |  |  |
Banco do Brasil |  |  |  |  |  |  |  |  |  |  |  |
CCB 330.600.773 | Copel DIS | Working capital. | Credit assignment. | 07.11.2014 | 3 | 07.11.2019 | Half-yearly | 111.8% of DI | 111.8% of DI | 116,667 | - | 40,173
CFX 17/35959-7 | Copel DIS | 05.16.2017 | 2 | 05.06.2019 | Quarterly | 12.0% | 12.0% | 75,000 | - | 38,262
CCB 21/00851-5 | Copel DIS | 06.30.2017 | 2 | 06.13.2019 | Quarterly | 11.0% | 11.0% | 38,889 | - | 19,644
CCB 17/35960-0 | Copel DIS | 07.27.2017 | 2 | 07.17.2019 | Quarterly | 11.0% | 11.0% | 50,333 | - | 51,681
CFX 17/35958-9 | Copel DIS | 08.15.2017 | 2 | 08.05.2019 | Quarterly | 11.0% | 11.0% | 58,333 | - | 59,366
NCI 330.600.132 | Copel HOL | 02.28.2007 | 3 | 02.28.2019 | Half-yearly | 107.8% of DI | 107.8% of DI | 231,000 | - | 78,735
CCB 306.401.381 | Copel HOL | 12.19.2019 | 5 | 03.25.2022 | Quarterly | 120.00% of DI | 126.99% of DI | 640,005 | 640,530 | 648,953
NCI 306.401.445 | Copel HOL | 02.24.2017 | 2 | 02.15.2020 | Half-yearly | 124.5% of DI | 136.15% of DI | 77,000 | 39,446 | 79,225
|  |  |  |  |  |  |  |  |  |  | 679,976 | 1,016,039
Eletrobras |  |  |  |  |  |  |  |  |  |  |  |
981/95 | Copel DIS | National Program for Watering - Proni. | Own revenue; issue of promissory notes and commercial duplicates. | 12.22.1994 | 80 | 08.15.2019 | Quarterly | 8.0% | 8.0% | 1,169 | - | 49
982/95 | 12.22.1994 | 80 | 11.15.2019 | Quarterly | 8.0% | 8.0% | 1,283 | - | 24
983/95 | 12.22.1994 | 80 | 11.15.2020 | Quarterly | 8.0% | 8.0% | 11 | 26 | 51
984/95 | 12.22.1994 | 80 | 11.15.2020 | Quarterly | 8.0% | 8.0% | 14 | 11 | 22
985/95 | 12.22.1994 | 80 | 08.15.2021 | Quarterly | 8.0% | 8.0% | 61 | 11 | 17
206/07 | Rural Electricity Program - Luz para Todos. | 03.03.2008 | 120 | 08.30.2020 | Monthly | 5.0%+ 1.0% | 5.05% | 109,642 | 5,953 | 14,882
273/09 | 02.18.2010 | 120 | 12.30.2022 | Monthly | 5.0%+ 1.0% | 5.0%+ 1.0% | 63,944 | 4,933 | 6,577
|  |  |  |  |  |  |  |  |  |  | 10,934 | 21,622
Caixa Econômica Federal | Copel DIS | Rural Electricity Program - Luz para Todos. | Own revenue; issue of promissory notes and commercial duplicates. |  |  |  |  |  |  |  |  |
415.855-22/14 | 03.31.2015 | 120 | 12.08.2026 | Monthly | 6.0% | 6.0% | 16,984 | 13,410 | 15,298
3153-352 | Acquisition of machinery, equipment and IT and automation equipment. | Assignment of trade notes receivable. | 11.01.2016 | 36 | 12.15.2021 | Monthly | 5.5 % above TJLP | 5.5 % above TJLP | 1,156 | 331 | 496
|  |  |  |  |  |  |  | 13,741 | 15,794
Finep |  |  |  |  |  |  |  |  |  |  |  |
21120105-00 | Copel Tel | BEL project - ultra wide band intranet service (Ultra Wide Band - UWB). | Lock of proceeds received in current account. | 07.17.2012 | 81 | 10.15.2020 | Monthly | 4.0% | 4.39% | 35,095 | 2,626 | 5,778
21120105-00 | 07.17.2012 | 81 | 10.15.2020 | Monthly | 3.5% + TR | 3.88% + TR | 17,103 | 2,219 | 4,881
|  |  |  |  |  |  |  |  |  |  | 4,845 | 10,659
|  | Payment of the first installment of debentures and cash enhancement of Copel Get. |  |  |  |  |  |  |  |  |  |
Promissory notes | Copel GeT | Surety of Copel. | 05.12.2017 | 1 | 05.12.2019 | Single installment | 117% of DI | 117% of DI | 500,000 | - | 572,419
|  |  |  |  |  |  |  |  |  | - | 572,419
Banco do Brasil - BNDES Transfer |  |  |  |  |  |  |  |  |  |  |  |
21/02000-0 | Copel GeT | Implementation of Mauá HPP. | Revenue from energy sales from the plant. | 04.16.2009 | 179 | 01.15.2028 | Monthly | 2.13% above TJLP | 2.13% above TJLP | 169,500 | 95,807 | 107,324
|  |  |  |  |  |  |  |  |  |  | 95,807 | 107,324
|  |  |  |  |  |  |  | Contractual | Effective |  | 12.31.2019 | 12.31.2018
|  |  |  | Issue | Number of | Final | Payment | financial | interest | Contract |  |
Contracts | Company | Allocation | Guarantees | Date | installment | maturity | of charges | charges p.y. | rate p.y. | amount |  |
BNDES |  |  |  |  |  |  |  |  |  |  |  |
820989.1 | Copel GeT | Implementation of Mauá HPP. | Revenue from energy sales from the plant. | 03.17.2009 | 179 | 01.15.2028 | Monthly | 1.63% above TJLP | 1.63% above TJLP | 169,500 | 95,807 | 107,326
1120952.1 | Implementation of transmission line between Foz do Iguaçu and Cascavel Oeste substations. | Assignment of receivables; revenue from energy transmission services. | 12.16.2011 | 168 | 04.15.2026 | Monthly | 1.82% and 1.42% above TJLP | 1.82% and 1.42% above TJLP | 44,723 | 21,090 | 24,344
1220768.1 | Implementation of Cavernoso II SHP. | Revenue from energy sales from the plant. | 09.28.2012 | 192 | 07.15.2029 | Monthly | 1.36% above TJLP | 1.36% above TJLP | 73,122 | 46,240 | 50,908
13211061 | Implementation of Colíder HPP. | Assignment of receivables | 12.04.2013 | 192 | 10.15.2031 | Monthly | 0% and 1.49% above TJLP | 6.43% and 7.68% | 1,041,155 | 817,329 | 844,940
13210331 | Implementation of Cerquilho III substation. | 12.03.2013 | 168 | 08.15.2028 | Monthly | 1.49% and 1.89% above TJLP | 1.49% and 1.89% above TJLP | 17,644 | 11,385 | 12,659
15206041 | Implementation of transmission line Assis - Paraguaçu Paulista II. | 12.28.2015 | 168 | 06.15.2030 | Monthly | 2.42% above TJLP | 9.04% | 34,265 | 22,419 | 24,477
15205921 | Implementation of transmission lines Londrina - Figueira and Salto Osório - Foz do Chopim. | 12.28.2015 | 168 | 12.15.2029 | Monthly | 2.32% above TJLP | 8.93% | 21,584 | 13,526 | 14,832
18205101 | Implementation of Baixo Iguaçu HPP. | 11.22.2018 | 192 | 06.15.2035 | Monthly | 1.94% above TJLP | 8.50% | 194,000 | 196,827 | 162,229
14205611-A | Copel DIS | Preservation of business, improvements, operating support and general investments in the expansion and consolidation of projects and social investment programs of companies (ISE). | Surety of Copel; assignment of revenues and indemnity rights under the concession. | 12.15.2014 | 72 | 01.15.2021 | Monthly | 2.09% above TJLP | 8.37% | 41,583 | 7,611 | 14,591
14205611-B | 12.15.2014 | 6 | 02.15.2021 | Annual | 2.09 above TR BNDES | 2.09 above TR BNDES | 17,821 | 8,288 | 11,992
14205611-C | 12.15.2014 | 113 | 06.15.2024 | Monthly | 6.0% | 6.0% | 78,921 | 35,267 | 43,097
14205611-D | 12.15.2014 | 57 | 02.15.2021 | Monthly | TJLP | TJLP | 750 | 11 | 20
14.2.1271.1 | Santa Maria | Construction and implementation of wind generating plants. | Surety of Copel; pledge of shares; assignment of receivables and revenues. | 06.01.2015 | 192 | 08.15.2031 | Monthly | 1.66% above TJLP | 8.26% | 71,676 | 45,582 | 49,336
14.2.1272.1 | Santa Helena | 06.01.2015 | 192 | 08.15.2031 | Monthly | 1.66% above TJLP | 8.26% | 82,973 | 49,458 | 53,531
11211521 | GE Farol | Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment. | 03.19.2012 | 192 | 06.15.2030 | Monthly | 2.34% above TJLP | 2.34% above TJLP | 54,100 | 41,388 | 45,158
11211531 | GE Boa Vista | 03.19.2012 | 192 | 06.15.2030 | Monthly | 2.34% above TJLP | 2.34% above TJLP | 40,050 | 30,598 | 33,385
11211541 | GE S.B. do Norte | 03.19.2012 | 192 | 06.15.2030 | Monthly | 2.34% above TJLP | 2.34% above TJLP | 90,900 | 69,394 | 75,715
11211551 | GE Olho D'Água | 03.19.2012 | 192 | 06.15.2030 | Monthly | 2.34% above TJLP | 2.34% above TJLP | 97,000 | 74,112 | 80,862
18204611 | Cutia | Pledge of shares; assignment of receivables. | 10.25.2018 | 192 | 07.15.2035 | Monthly | 2.04% above TJLP | 8.37% | 619,405 | 611,457 | 517,083
13212221 - A | Costa Oeste | Implementation of transmission line between Cascavel Oeste and Umuarama Sul substations and implementation of Umuarama Sul substation. | Assignment of receivables; 100% of pledged shares. | 12.03.2013 | 168 | 11.30.2028 | Monthly | 1.95% + TJLP | 1.95% + TJLP | 27,634 | 19,203 | 21,291
13212221 - B | 12.03.2013 | 106 | 09.30.2023 | Monthly | 3.5% | 3.5% | 9,086 | 2,992 | 3,789
14205851 - A | Marumbi | Implementation of transmission line between Curitiba and Curitiba Leste and implementation of Curitiba Leste substation. | 07.08.2014 | 168 | 06.30.2029 | Monthly | 2.00% + TJLP | 2.00% + TJLP | 33,460 | 24,627 | 27,134
14205851 - B | 07.08.2014 | 106 | 04.30.2024 | Monthly | 6.0% | 6.0% | 21,577 | 9,813 | 12,076
|  |  |  |  |  |  |  |  |  |  | 2,254,424 | 2,230,775
Total local currency |  |  |  |  |  |  |  |  |  |  | 3,059,727 | 3,974,632
|  |  |  |  |  |  |  |  |  | Gross debt | 3,168,710 | 4,079,383
|  |  |  |  |  |  |  |  |  | (-) Transaction cost | (26,327) | (32,076)
|  |  |  |  |  |  |  |  |  | Net debt | 3,142,383 | 4,047,307
|  |  |  |  |  |  |  |  |  | Current | 255,521 | 1,113,047
|  |  |  |  |  |  |  |  |  | Noncurrent | 2,886,862 | 2,934,260
Schedule of borrowings by currency and index | 21.2 Breakdown of loans and financing by currency and index
|  | 12.31.2019 | % | 12.31.2018 | %
Foreign currency - change in currencies in the period (%) |  |  |  |  |
U.S. Dollar | 4.02 | 108,983 | 3.47 | 104,751 | 2.59
|  | 108,983 | 3.47 | 104,751 | 2.59
Local currency - indexes at period end (%) |  |  |  |  |
TJLP | 5.57 | 2,271,187 | 72.30 | 2,245,786 | 55.49
CDI | 4.40 | 676,720 | 21.54 | 1,410,479 | 34.85
TR | - | 2,202 | 0.07 | 4,842 | 0.12
IPCA | 4.31 | 8,288 | 0.26 | 11,992 | 0.30
Without indexer (annual fixed rate) | - | 75,003 | 2.36 | 269,457 | 6.65
| 3,033,400 | 96.53 | 3,942,556 | 97.41
| 3,142,383 | 100.00 | 4,047,307 | 100.00
Schedule of maturity of noncurrent installments | 21.3 Maturity of noncurrent installments
12.31.2019 | Gross debt | (-) Transaction cost | Net debt
2021 | 706,500 | (2,781) | 703,719
2022 | 319,580 | (2,061) | 317,519
2023 | 191,584 | (1,618) | 189,966
2024 | 295,366 | (1,625) | 293,741
2025 | 185,009 | (1,622) | 183,387
After 2025 | 1,211,911 | (13,381) | 1,198,530
| 2,909,950 | (23,088) | 2,886,862
Schedule of changes in borrowings | 21.4 Changes in loans and financing
| Foreign currency | Local currency | Total
Balance as of January 1, 2018 | 89,270 | 3,670,235 | 3,759,505
Effect of acquisition of control of Costa Oeste and Marumbi | - | 66,775 | 66,775
Funding | - | 1,314,766 | 1,314,766
Charges | 5,038 | 289,365 | 294,403
Monetary and exchange variations | 15,161 | 11,936 | 27,097
Amortization - principal | - | (1,126,144) | (1,126,144)
Payment - charges | (4,718) | (284,377) | (289,095)
Balance as of December 31, 2018 | 104,751 | 3,942,556 | 4,047,307
Funding | - | 796,296 | 796,296
Charges | 5,599 | 268,950 | 274,549
Monetary and exchange variations | 4,170 | 6,907 | 11,077
Amortization - principal | - | (1,660,869) | (1,660,869)
Payment - charges | (5,537) | (320,440) | (325,977)
Balance as of December 31, 2019 | 108,983 | 3,033,400 | 3,142,383
Schedule of financial covenants | The financial covenants contained in the agreements are presented below:
Company | Contract | Annual financial index | Limit
Copel GeT | BNDES Finem No. 820989.1 - Mauá | EBITDA / Net financial results | ≥ 1.3
Banco do Brasil No. 21/02000-0 - Mauá
Copel DIS | BNDES Finem No. 14205611 | Financial indebtedness / adjusted EBITIDA | ≤ 4.0
Santa Maria | BNDES Finem No. 14212711 | Debt service coverage ratio | ≥ 1.3
Santa Helena | BNDES Finem No. 14212721
São Bento Energia, Investimento e Participações | BNDES Assignment Agreement | Debt service coverage ratio | ≥ 1.3
GE Boa Vista S.A. | BNDES Finem No. 11211531
GE Farol S.A. | BNDES Finem No. 11211521
GE Olho D´Água S.A. | BNDES Finem No. 11211551
GE São Bento do Norte S.A. | BNDES Finem No. 11211541
Cutia | BNDES Finem No. 18204611 | Debt service coverage ratio (a) | ≥ 1.2
Costa Oeste | BNDES Finem No. 13212221 | Debt service coverage ratio | ≥ 1.3
Marumbi | BNDES Finem No. 14205851 | Debt service coverage ratio | ≥ 1.3
Financing for businesses - Finem
(a) financial ratio calculated based on the amounts of the consolidated financial statements of Cutia Empreendimentos Eólicos S.A.

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