XML 106 R88.htm IDEA: XBRL DOCUMENT v3.21.1
42 Condensed individual financial information of Companhia Paranaense de Energia - Copel (Tables)
 12 Months Ended
Dec. 31, 2020
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, 2020 and 2019

 

ASSETS 12.31.2020 12.31.2019
Current assets    
Cash and cash equivalents 42,700 25,304
Bonds and securities 90 90
Dividends receivables  1,290,114 760,719
CRC transferred to the State Government of Paraná 287,789 219,236
Other current receivables 1,025 1,068
Income tax and social contribution 12,171 5,876
Prepaid expenses  150 95
Receivable from related parties 40,298 6,039
   1,674,337  1,018,427
Assets classified as held for sale 758,742  - 
   2,433,079  1,018,427
     
Noncurrent assets    
Other temporary investments 22,385 27,734
CRC transferred to the State Government of Paraná  1,104,835  1,131,449
Judicial deposits 125,738 124,219
Other current receivables 7,443 7,444
Income Tax and Social Contribution 117,682 123,951
Deferred tax assets 282,132 154,364
Other noncurrent recoverable taxes 88,331 87,597
Receivables from related parties 140,337 108,983
   1,888,883  1,765,741
     
Investments 18,807,102 17,286,220
Property, Plant and Equipment, net 2,725 1,143
Intangible Assets 2,041 1,321
Right-of-use asset  962  271
     
  20,701,713 19,054,696
     
Total assets 23,134,792 20,073,123
     
LIABILITIES 12.31.2020 12.31.2019
Current liabilities    
Payroll, social charges and accruals 16,759 8,437
Related parties 283,650  696
Suppliers  3,184 3,956
Income tax and social contribution  -  1,811
Other taxes payable  952  120
Loans and financing 512,086 39,628
Debentures 301,972 315,008
Dividends payable 944,274 588,563
Post employment benefits  226  378
Lease liability  279  158
Other accounts payable  567  116
   2,063,949 958,871
     
Noncurrent liabilities    
Related parties 5,851  145
Other taxes due 2,978 2,817
Loans and financing 266,682 746,075
Debentures 499,317 797,713
Post employment benefits 9,929 8,658
Lease liability  707  125
Other accounts payable 1,936 1,434
Provisions for legal claims 324,332 304,871
   1,111,732  1,861,838
     
Equity    
Share capital 10,800,000 10,800,000
Equity valuation adjustments 353,349 591,927
Legal reserves  1,209,458  1,014,248
Retained earnings  6,088,855  4,846,239
Additional dividend from non-capitalized earnings reserve  1,507,449  - 
  19,959,111 17,252,414
     
Total liabilities and equity 23,134,792 20,073,123
Schedule of condensed statements of income

(b)             Condensed statements of income for the years ended December 31, 2020, 2019 and 2018 

       
    Restated Restated
  12.31.2020 12.31.2019 12.31.2018
Operating revenues (expenses)      
General and administrative expenses (79,762) (59,907) (67,292)
Other revenues (expenses), net (24,423) 1,244 11,696
Result of equity in investees  3,551,254  2,177,629  1,258,213
   3,447,069  2,118,966  1,202,617
       
Operating income before financial results  3,447,069  2,118,966  1,202,617
       
Financial income (expenses)      
Financial revenues 335,485 209,679 301,729
Financial expenses (86,076)  (235,033)  (238,355)
  249,409 (25,354) 63,374
       
Operating income  3,696,478  2,093,612  1,265,991
       
Income tax and social contribution      
Income tax and social contribution  -  (21,195) (2,083)
Deferred income tax and social contribution 127,503 5,850 44,993
  127,503 (15,345) 42,910
       
Net income from continuing operations  3,823,981  2,078,267  1,308,901
       
Discontinued operations      
Net income (loss) from discontinued operations 80,221 (88,321) 98,162
       
Net income  3,904,202  1,989,946  1,407,063
       

Basic and diluted net earning per share attributed to controlling shareholders - 

continuing operations - expressed in Brazilian Reais 

      
Common shares 1.33430 0.72523 0.45683
Class A preferred shares 1.76982 0.89086 0.50251
Class B preferred shares 1.46773 0.79778 0.50251
       

Basic and diluted net earning per share attributed to controlling shareholders - 

expressed in Brazilian Reais 

      
Common shares 1.36229 0.69440 0.49109
Class A preferred shares 1.80062 0.85790 0.54020
Class B preferred shares 1.49852 0.76388 0.54020
Schedule of condensed statements of comprehensive income

(c)             Condensed statement of comprehensive income for the years ended December 31, 2020, 2019 e 2018

 

  12.31.2020 12.31.2019 12.31.2018
NET INCOME  3,904,202  1,989,946  1,407,063
 Other comprehensive income       
Items that will never be reclassified to profit or loss       
Gain (losses) on actuarial liabilities       
 Post employment benefits   (779) (3,371)  (408)
 Post employment benefits - equity   (178,434)  (120,358) (38,245)
Taxes on other comprehensive income  265 1,146 139
Items that are or maybe reclassified to profit or loss       
Subsidiary loss with interest variation  - (4,874)  -
 Total comprehensive income, net of taxes   (178,948)  (127,457) (38,514)
TOTAL COMPREHENSIVE INCOME   3,725,254  1,862,489  1,368,549
Schedule of condensed statements of cash flows

(d)             Condensed statements of cash flows for the years ended December 31, 2020, 2019 and 2018

 

  12.31.2020 12.31.2019 12.31.2018
Net cash generated from operating activities 761,050 688,443 653,230
       
Cash flow from investing activities      
Financial investments  5,349 115,376  (124,254)
Loans and financing granted to related parties  (40,000)  (24,410)  (192,445)
Receipt of loans and financing granted to related parties 7,015 24,512 560,877
Additions in investments  (68,127)  (271,968)  (608,934)
Capital reduction of investees.  228  -  45,000
Additions to property, plant and equipment   (1,800)  (285)  (267)
Additions to intangible  (1,045)  (271)  (3)
       
Net cash used in investing activities  (98,380)  (157,046)  (320,026)
       
Cash flow from financing activities      
Issue of Debentures  -  500,000 600,000
Issue of loans with related parties 280,000 48,000  - 
Amortization of principal - loans and financing  (38,500)  (115,500)  (77,000)
Amortization of principal - debentures  (300,000)  (853,400)  (333,300)
Amortization of loans obtained from related parties  -   (48,000)  - 
Amortization of principal - Lease liabilities  (329)  (141)  - 
Dividends and interest on capital paid  (586,445)  (352,055)  (264,734)
       
Net cash used in financing activities  (645,274)  (821,096)  (75,034)
       
Total effects on cash and cash equivalents 17,396  (289,699) 258,170
       
Cash and cash equivalents at the beginning of the period 25,304 315,003 56,833
Cash and cash equivalents at the end of the period 42,700 25,304 315,003
       
Change in cash and cash equivalents 17,396  (289,699) 258,170
Schedule of outstanding balances with related parties

·                 Related Parties: Copal has the following balances outstanding with related parties:

     
  12.31.2020 12.31.2019
Assets    
Copel Distribuição (a) 140,337 108,983
UEG Araucária - mutual  33,572 - 
Investees and Subsidiaries - Structure sharing  6,726  6,039
  180,635 115,022
Liabilities    
Copel CTE - mutual 282,817 - 
Investees and Subsidiaries - Structure sharing 833 696
Elejor advance  5,851 145
  289,501 841
 

(a) Copel DIS - Financing transferred - STN 
Schedule of investments in subsidiaries

Investments - As of December 31, 2020 and 2019, investments in subsidiaries are comprised as follows:

 

  12.31.2020 12.31.2019
 Copel Geração e Transmissão  10,732,734  9,749,705
 Copel Distribuição   7,212,915  6,012,246
 Copel Telecomunicações  757,799 710,128
 Copel TEL - Reclassification (a)   (758,742)  - 
 Copel Energia  356,922 243,123
 Compagas  252,481 284,747
 UEG Araucária  48,355 64,094
 Other investments  50,328 71,431
  18,652,792 17,135,474
(a)Reclassification to Assets classified as held for sale.
Schedule of dividends receivable

·                 Dividends receivable - The dividends receivable is comprised as follows:

     
  12.31.2020 12.31.2019
Investees and subsidiaries    
Copel Geração e Transmissão 769,108 464,450
Copel Distribuição 440,368 266,050
Copel Comercialização 29,803 88
Compagas 43,164  22,531
UEG Araucária 6,143  6,143
     
Joint Ventures and Associates    
Voltália 1,032  1,032
Dona Francisca 97 - 
     
Other investments 399 425
   1,290,114 760,719
Schedule of provisions for risks

·                 Provisions for Legal Claims - Copel recorded provisions for Legal Claims, as follows:

     
  12.31.2020 12.31.2019
Regulatory  21,373  17,357
Labor  2,466  1,957
Civil 163,940 150,529
Tax Claim 136,553 135,028
  324,332 304,871
Schedule of restricted subsidiaries net assets

As of December 31, 2020, total restricted subsidiaries net assets amount to R$ 18,197,350 composed as follows:

 

  12.31.2020 12.31.2019
Copel Geração e Transmissão S.A. 10,732,735  9,749,705
Copel Distribuição S.A.  7,212,914  6,012,244
UEG Araucária Ltda. 238,211 315,740
Centrais Elétricas Rio Jordão - Elejor 13,490 42,859
  18,197,350 16,120,548
Schedule of expected undiscounted settlement values of the liabilities

The following table shows the expected undiscounted settlement values ​​of the Copel liabilities, in each time range:

 

  Interest (a) Less than
1 month		 1 to 3 months 3 months to 1 year 1 to 5 years Over
5 years		 Total
12.31.2020              
Loans and financing  Note 21  -  131,547 400,876 279,030 -  811,453
Debentures  Note 22  303,640 -  15,199 511,799 -  830,638
Suppliers  -   3,183 1 -  -  -   3,184
    306,823 131,548 416,075 790,829 -   1,645,275
(a) Effective interest rate - weighted average.