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Investments
 12 Months Ended
Dec. 31, 2021
Investments

 

17.Investments

17.1Changes in investments
               
  Balance as of   Investment/ Amorti- Dividends Other Balance as of 
  January 1, 2021 Equity AFAC zation and JSCP (a) December 31, 2021
Joint Ventures (17.3)              
Voltalia São Miguel do Gostoso I   107,721   1,269 - -  -  -  108,990
Voltalia São Miguel do Gostoso - authorization rights 9,671 - -  (367)  -  -   9,304
Caiuá  95,362  13,765 - -   (2,150)  -  106,977
Integração Maranhense   148,581  20,255 - -   (2,273)  -  166,563
Matrinchã   734,503  96,614 - - (19,346)  -  811,771
Guaraciaba   361,170  57,363 - - (10,918)  -  407,615
Paranaíba   203,681  35,112 - - (11,870)  -  226,923
Mata de Santa Genebra   661,430  63,173 - - (13,614)  -  710,989
Cantareira   359,686  53,492  30,870 -   (6,718)  -  437,330
Solar Paraná 6,831   104   100 -  -  -   7,035
    2,688,636   341,147  30,970  (367) (66,889)  -  2,993,497
Associates               
Dona Francisca Energética (17.4)  28,147   8,574 - -   (9,664)  - 27,057
Foz do Chopim Energética (17.4) 9,986  16,596 - -   (7,480)  - 19,102
Other 1,940   (3) - -  -  -   1,937
   40,073  25,167 - - (17,144)  - 48,096
Investment property   808 - -  (5)  -   (262)  541
    2,729,517   366,314  30,970  (372) (84,033)   (262)  3,042,134
(a) Transfer of assets destined for disposal.
AFAC - Advance for future capital increase
JSCP - Interest on capital

 

                 
  Balance as of   Investment/ Capital Amorti- Dividends Other Balance as of 
  January 1, 2020 Equity AFAC  decrease zation and JSCP (a) December 31, 2020
Joint Ventures (17.3)                
Voltalia São Miguel do Gostoso I   110,099 (2,378) - - -  - -  107,721
Voltalia São Miguel do Gostoso - authorization rights  10,038   - - -  (367)  - -   9,671
Caiuá  78,312 (8,964)  26,014 - -  - - 95,362
Integração Maranhense   138,716 13,672 - - -   (3,807) -  148,581
Matrinchã   711,527 25,644 - - -   (2,668) -  734,503
Guaraciaba   337,077 25,528 - - -   (1,435) -  361,170
Paranaíba   173,973 29,708 - - -  - -  203,681
Mata de Santa Genebra   573,357 48,594  39,479 - -  - -  661,430
Cantareira   338,268 42,666 - - - (21,248) -  359,686
Solar Paraná  - (115)   6,946 - -  - -   6,831
              -  
    2,471,367  174,355  72,439 -  (367) (29,158) -  2,688,636
Associates                 
Dona Francisca Energética (17.4)  28,423  9,674 - - -   (9,950) - 28,147
Foz do Chopim Energética (17.4)  12,175  9,629 - - - (11,818) -   9,986
Dominó Holdings   246   (93) - - -  -  (153) -
Other  10,155   (18) -  (228) -  -  (7,969)   1,940
   50,999 19,192 -  (228) - (21,768)  (8,122) 40,073
Investment property   813   - - -  (5)  - -  808
    2,523,179  193,547  72,439  (228)  (372) (50,926)  (8,122)  2,729,517
(a) R$7.969 of Impairment of Estação Osasco Desenvolvimento Imobiliário S.A., an associate of UEG Araucária, and R$153 of liquidation of Dominó.

17.2Subsidiaries with non-controlling interests

17.2.1Summarized financial information
             
  Compagás  Elejor UEG Araucária
  12.31.2021 12.31.2020 12.31.2021 12.31.2020 12.31.2021 12.31.2020
             
 ASSETS  827,901 749,434 813,670 705,233   776,201   554,079
 Current assets  355,500 245,028 166,890 165,150   515,430   392,775
 Noncurrent assets  472,401 504,406 646,780 540,083   260,771   161,304
             
 LIABILITIES  827,901 749,434 813,670 705,233   776,201   554,079
 Current liabilities  220,216 173,144 107,772   95,465   221,853   309,265
 Noncurrent liabilities    99,784   81,230 746,843 596,278  13,771   6,603
 Equity  507,901 495,060  (40,945)   13,490   540,577   238,211
             
                   
  Compagás  Elejor UEG Araucária
  12.31.2021 12.31.2020 12.31.2019 12.31.2021 12.31.2020 12.31.2019 12.31.2021 12.31.2020 12.31.2019
 STATEMENT OF INCOME                   
 Net operating revenue  783,277 535,206 866,884 171,263 194,849 218,421   2,250,577   589,909   52,216
 Operating costs and expenses    (654,643)   (452,495)   (662,306)  (86,871)  (67,323)  (86,237)  (1,879,198)  (647,516)   (131,596)
 Financial results   9,817   (764)   43,186   (171,888)   (172,049)  (92,728)   8,952   203 832
 Equity in earnings of investees    -   -   -   -   -   - - - 916
 Income tax and social contribution   (38,860)  (22,967)  (74,791)   33,061   15,154  (13,331) (42,248) (19,920)  (22,703)
 Net income (loss)    99,591   58,980 172,973  (54,435)  (29,369)   26,125   338,083 (77,324)   (100,335)
 Other comprehensive income  294   (343) (1,277)   -   -   - -  (205) 132
 Total comprehensive income     99,885   58,637 171,696  (54,435)  (29,369)   26,125   338,083 (77,529)   (100,203)
                   
 STATEMENTS OF CASH FLOWS                   
 Cash flows from operating activities  178,800 101,708   54,760 127,510   22,097   51,839   312,676  23,491  (57,585)
 Cash flows from investing activities   (14,273)  (17,120)  (17,531)  (31,095)   (208)   (314) (14,579)   1,317 (1,945)
 Cash flows from financing activities   (64,545)   (115,625)   14,312   - (8,151)  (56,533) (64,331)  32,879   45,133
                   
 TOTAL EFFECTS ON CASH AND CASH EQUIVALENTS    99,982  (31,037)   51,541   96,415   13,738 (5,008)   233,766  57,687  (14,397)
 Cash and cash equivalents at the beginning of the year  110,659 141,696   90,155   51,616   37,878   42,886  64,806   7,119   21,516
 Cash and cash equivalents at the end of the year  210,641 110,659 141,696 148,031   51,616   37,878   298,572  64,806  7,119
 CHANGE IN CASH AND CASH EQUIVALENTS     99,982  (31,037)   51,541   96,415   13,738 (5,008)   233,766  57,687  (14,397)

 

The loss recorded at Elejor is due to the monetary update on Accounts payable related to concession, which increased significantly as a result of the IGPM increase, as shown in Note 27.

 

17.2.2Changes in equity attributable to non-controlling shareholders
         
Participation in capital stock Compagás
49%		 Elejor
30%		 UEG Araucária 18,8% Total
Balance as of January 1, 2019 212,962 16,193 74,134 303,289
Net income (loss) 84,758 7,838 (19,673) 72,923
Other comprehensive income (626) - 25 (601)
Additional dividends proposed - (3,335) - (3,335)
Dividends (23,514) (7,838) - (31,352)
Gain with interest variation in Subsidiary - - 4,874 4,874
Balance as of December 31, 2019   273,580 12,858 59,360   345,798
Net income (loss)  28,898  (8,812)   (14,538)   5,548
Other comprehensive income  (168) - (39)  (207)
Additional dividends proposed (51,799) - - (51,799)
Dividends  (7,933) - -  (7,933)
Balance as of December 31, 2020   242,578   4,046 44,783   291,407
Net income (loss)  48,800   (16,331) 63,560  96,029
Other comprehensive income   144 - -   144
Dividends (42,653) -  (6,716) (49,369)
Balance as of December 31, 2021   248,869   (12,285)   101,627   338,211

 

17.3Summarized information on the main joint ventures
                 
                 
Balance as of December 31, 2021 Voltalia Caiuá  Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira
ASSETS   224,632   284,870   515,495   2,610,094   1,413,231   1,829,340   3,203,892   1,715,776
Current assets   3,711  30,304  65,219   367,428   194,283   193,190   681,494   196,424
Cash and cash equivalents   3,667   6,117  16,501  96,346  70,543  32,665   387,027  52,354
Other current assets  44  24,187  48,718   271,082   123,740   160,525   294,467   144,070
Noncurrent assets   220,921   254,566   450,276   2,242,666   1,218,948   1,636,150   2,522,398   1,519,352
.                
LIABILITIES   224,632   284,870   515,495   2,610,094   1,413,231   1,829,340   3,203,892   1,715,776
Current liabilities   2,206  14,562  53,132   126,211   101,042  85,964   123,884  78,982
Financial liabilities -   7,386  13,169  91,811  34,529  51,453  45,898  52,397
Other current liabilities   2,206   7,176  39,963  34,400  66,513  34,511  77,986  26,585
Noncurrent liabilities -  51,986   122,438   827,205   480,320   817,159   1,660,867   744,285
Financial liabilities -  35,606  52,653   685,525   428,314   522,289   1,630,306   456,180
Other noncurrent liabilities -  16,380  69,785   141,680  52,006   294,870  30,561   288,105
Equity   222,426   218,322   339,925   1,656,678   831,869   926,217   1,419,141   892,509
.                
STATEMENT OF INCOME                
Net operating revenue -  43,128  71,868   396,622   229,117   285,483   426,573   233,888
Operating costs and expenses (64)  (5,609) (10,508) (24,341)  (7,185) (17,537) (72,970) (24,727)
Financial results   162  (2,348)  (3,954) (83,280) (44,131) (62,138)  (162,110) (43,794)
Equity in income of subsidiaries   2,506 - - - - - - -
Income tax and social contribution (17)  (7,078) (16,072) (91,830) (60,617) (62,638) (65,399) (56,201)
Net income (loss)   2,587  28,093  41,334   197,171   117,184   143,170   126,094   109,166
Other comprehensive income - - - - - - - -
Total comprehensive income    2,587  28,093  41,334   197,171   117,184   143,170   126,094   109,166
.                
Investment interest - %  49.0  49.0  49.0  49.0  49.0  24.5  50.1  49.0
Investment book value    108,990   106,977   166,563   811,771   407,615   226,923   710,989   437,330

                 
                 
  Voltalia Caiuá  Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira
Balance as of December 31, 2020
.                
ASSETS   222,038   267,425   475,734   2,357,028   1,269,378   1,687,613   2,712,737   1,567,577
Current assets   3,623  31,048  59,709   261,168   165,063   179,229   340,382   165,816
Cash and cash equivalents   3,579   6,871  12,696  46,198  25,565  20,820  61,171  34,435
Other current assets  44  24,177  47,013   214,970   139,498   158,409   279,211   131,381
Noncurrent assets   218,415   236,377   416,025   2,095,860   1,104,315   1,508,384   2,372,355   1,401,761
.                
LIABILITIES   222,038   267,425   475,734   2,357,028   1,269,378   1,687,613   2,712,737   1,567,577
Current liabilities   2,199  18,995  51,926   192,512  86,163  78,981   158,350  63,206
Financial liabilities -   7,392  13,180  80,141  28,741  62,143   104,308  41,314
Other current liabilities   2,199  11,603  38,746   112,371  57,422  16,838  54,042  21,892
Noncurrent liabilities -  53,816   120,579   665,528   446,133   777,279   1,234,165   770,317
Financial liabilities -  42,864  65,624   612,413   446,801   545,200   1,215,988   489,784
Other noncurrent liabilities -  10,952  54,955  53,115  (668)   232,079  18,177   280,533
Equity   219,839   194,614   303,229   1,498,988   737,082   831,353   1,320,222   734,054
.                
STATEMENT OF INCOME                
Net operating revenue -  17,927  31,418   328,171   109,978   478,147   364,070   196,039
Operating costs and expenses (66) (34,584)  11,706  (160,795)  (8,317) (18,801)  (125,569) (23,533)
Financial results  32  (3,389)  (5,229) (71,164) (38,883) (48,184) (91,947) (40,630)
Equity in income of subsidiaries  (4,893) - - - - - - -
Income tax and social contribution -   1,752  (9,991) (30,178) (22,084)  (125,646) (49,560) (44,805)
Net income (loss)  (4,927) (18,294)  27,904  66,034  40,694   285,516  96,994  87,071
Other comprehensive income - - - - - - - -
Total comprehensive income   (4,927) (18,294)  27,904  66,034  40,694   285,516  96,994  87,071
.                
Investment interest - %  49.0  49.0  49.0  49.0  49.0  24.5  50.1  49.0
Investment book value    107,721  95,362   148,581   734,503   361,170   203,681   661,430   359,686

 

                 
                 
  Voltalia Caiuá  Integração Maranhense Matrinchã Guaraciaba Paranaíba Mata de Santa Genebra Cantareira
Balance as of December 31, 2019
STATEMENT OF INCOME                
Net operating revenue -  25,180  44,264   250,188   111,912   198,573   357,522   138,259
Operating costs and expenses  (111)  (5,481)  (5,672) (70,886) (29,067) (30,560)  (384,228)  (5,360)
Financial results   146  (4,557)  (6,594) (59,794) (42,548) (54,154) (99,186) (46,190)
Equity in income of subsidiaries  (7,080) - - - - - - -
Income tax and social contribution   (5)  (5,348)  (8,904) (33,103)  (2,926) (47,024)  42,627 (29,498)
Net income (loss)  (7,050)   9,794  23,094  86,405  37,371  66,835 (83,265)  57,211
Other comprehensive income - - - - - - - -
Total comprehensive income   (7,050)   9,794  23,094  86,405  37,371  66,835 (83,265)  57,211

 

On December 31, 2021, Copel’s interest in contingent liabilities classified as a possible loss in its joint ventures is equivalent to R$250,262 (R$227,467 on December 31, 2020), of which the amount of R$187,243 (R$187,183 on December 31, 2020) refers to Mata de Santa Genebra.

 

17.4Summarized information of the main associates
         
         
  Dona Francisca Foz do Chopim
   12.31.2021   12.31.2020   12.31.2021   12.31.2020 
.        
ASSETS   180,425   128,798  55,900  62,635
Current assets  13,570  14,562  13,308  33,378
Noncurrent assets   166,855   114,236  42,592  29,257
.        
LIABILITIES   180,425   128,798  55,900  62,635
Current liabilities  19,938 4,452 2,495  34,723
Noncurrent liabilities  42,988 2,119  -  -
Equity   117,499   122,227  53,405  27,912
Investment interest - % 23.03 23.03 35.77 35.77
Investment book value 27,057 28,147 19,102 9,986

 

.            
  Dona Francisca Foz do Chopim
   12.31.2021   12.31.2020   12.31.2019   12.31.2021   12.31.2020   12.31.2019 
STATEMENT OF INCOME            
Net operating revenue  66,797  70,314  70,717  60,943  55,740  56,929
Operating costs and expenses (26,605) (26,171) (25,957) (10,775) (21,260) (16,278)
Financial income (expense)   (664) 208 475   (1,703)   (5,527) 621
Income tax and social contribution   (2,298)   (2,343)   (2,454)   (2,060)   (2,035)   (2,346)
Net income   37,230  42,008  42,781  46,405  26,918  38,926
Other comprehensive income  -  -  -  -  -  -
Total comprehensive income   37,230  42,008  42,781  46,405  26,918  38,926

 

As of December 31, 2021, Copel’s interest in the contingent liabilities of its associates is equivalent to R$2,166 (R$1,428 as of December 31, 2020).