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41 Condensed Unconsolidated Financial Information of Companhia Paranaense de Energia - Copel (Tables)
 12 Months Ended
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.