XML 161 R149.htm IDEA: XBRL DOCUMENT v3.23.2
Loans and Financing (Details) - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
IfrsStatementLineItems [Line Items]        
Loans and financing R$ 4,650,363 R$ 3,678,444 R$ 3,188,531 R$ 3,142,383
Loans received 4,694,957 3,587,697    
Gross debt 4,694,957 3,738,269    
Transaction cost (44,594) (59,825)    
Net debt 4,650,363 3,678,444    
Loans and financing, current 278,838 579,770    
Loans and financing, noncurrent 4,371,525 3,098,674    
Caixa Economica Federal [Member]        
IfrsStatementLineItems [Line Items]        
Loans and financing 7,664 9,580    
Foreign Currency [Member]        
IfrsStatementLineItems [Line Items]        
Loans and financing [1] 150,572 [1] 140,337 108,983
Foreign Currency [Member] | Par Bond [Member] | National Treasury Department [Member]        
IfrsStatementLineItems [Line Items]        
Contract [1] Par Bond      
Issue date [1] May 20, 1998      
Number of installments 1      
Final maturity [1] 04.11.2024      
Finance charges [1] Half-yearly      
Contractual financial charges p.y. [1] 6.0% + 0.20%      
Effective interest rate p.y. [1] 6.0% + 0.20%      
Contract amount [1] R$ 17,315      
Loans and financing [1] 89,058    
Foreign Currency [Member] | Par Bond And Discount Bond [Member] | National Treasury Department [Member]        
IfrsStatementLineItems [Line Items]        
Company [1] Copel      
Allocation [1] Debt negotiation      
Guarantees [1] Guarantees deposited      
Foreign Currency [Member] | Discount Bond [Member] | National Treasury Department [Member]        
IfrsStatementLineItems [Line Items]        
Contract [1] Discount Bond      
Issue date [1] May 20, 1998      
Number of installments 1      
Final maturity [1] 04.11.2024      
Finance charges [1] Half-yearly      
Contractual financial charges p.y. [1] 1% + 0.20%      
Effective interest rate p.y. [1] 1% + 0.20%      
Contract amount [1] R$ 12,082      
Loans and financing [1] 61,514    
Local Currency [Member]        
IfrsStatementLineItems [Line Items]        
Loans and financing 4,650,363 3,527,872 R$ 3,048,194 R$ 3,033,400
Local Currency [Member] | Banco Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Loans and financing 751,673 641,207    
Local Currency [Member] | Caixa Economica Federal [Member]        
IfrsStatementLineItems [Line Items]        
Loans and financing 1,037,946    
Local Currency [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Loans and financing 718,835 626,043    
Local Currency [Member] | Banco Do Brasil B N D E S Transfer [Member]        
IfrsStatementLineItems [Line Items]        
Loans and financing R$ 60,720 72,109    
Local Currency [Member] | C C B [Member] | Banco Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract [2] CCB 306.401.381      
Company [2] Copel HOL      
Allocation Working capital.      
Guarantees Credit assignment      
Issue date [2] Jul. 21, 2015      
Number of installments 2      
Final maturity [2] 03.25.2023      
Finance charges [2] Quarterly      
Contractual financial charges p.y. [2] 135.00% of DI      
Effective interest rate p.y. [2] 145.46% of DI      
Contract amount [2] R$ 640,005      
Loans and financing [2] 641,207    
Local Currency [Member] | C C B 1 [Member] | Banco Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract CCB 265.901.903      
Company Copel DIS      
Issue date Jun. 29, 2022      
Number of installments 2      
Final maturity 06.24.2025      
Finance charges Quarterly      
Contractual financial charges p.y. DI + spread 1,25%      
Effective interest rate p.y. DI + spread 2,14%      
Contract amount R$ 750,000      
Loans and financing R$ 751,673    
Local Currency [Member] | Commercial Papers [Member] | Caixa Economica Federal [Member]        
IfrsStatementLineItems [Line Items]        
Contract Commercial paper      
Company Copel GET      
Allocation Partial amortization of the 3rd, 4th and 5th debenture issues and meeting various short-term obligations, including energy purchases, regulatory obligations and dividends.      
Guarantees Personal guarantee      
Issue date Sep. 10, 2022      
Number of installments 2      
Final maturity 09.10.2025      
Finance charges Half-yearly      
Contractual financial charges p.y. DI + spread 1,22%      
Effective interest rate p.y. DI + spread 1,31%      
Contract amount R$ 1,000,000      
Loans and financing R$ 1,037,946    
Local Currency [Member] | Contract 1 [Member] | Caixa Economica Federal [Member]        
IfrsStatementLineItems [Line Items]        
Contract 415.855-22/14      
Company Copel DIS      
Allocation Rural Electricity Program      
Guarantees Own revenue; issue of promissory notes and commercial duplicates.      
Issue date Mar. 31, 2015      
Number of installments 120      
Final maturity 12.08.2026      
Finance charges Monthly      
Contractual financial charges p.y. 6.0%      
Effective interest rate p.y. 6.0%      
Contract amount R$ 16,984      
Loans and financing R$ 7,664 9,580    
Local Currency [Member] | Contract 2 [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract 35202166127989      
Company Jandaíra I      
Allocation Implementation of Jandaíra Wind Complex      
Guarantees Bank guarantee      
Issue date May 31, 2021      
Number of installments 192      
Final maturity 06.15.2038      
Finance charges Monthly      
Contractual financial charges p.y. 2.7086% + IPCA      
Effective interest rate p.y. 3.0107% + IPCA      
Contract amount R$ 21,687      
Loans and financing R$ 17,969 7,312    
Local Currency [Member] | Contract 3 [Member] | Caixa Economica Federal [Member]        
IfrsStatementLineItems [Line Items]        
Allocation Implementation of Jandaíra Wind Complex      
Local Currency [Member] | Contract 3 [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract 35202164527986      
Company Jandaíra II      
Guarantees Bank guarantee      
Issue date May 31, 2021      
Number of installments 192      
Final maturity 06.15.2038      
Finance charges Monthly      
Contractual financial charges p.y. 2.2161% + IPCA (1) and 2.7086% + IPCA (1)      
Effective interest rate p.y. 3.0107% + IPCA      
Contract amount R$ 56,421      
Loans and financing R$ 46,644 18,424    
Local Currency [Member] | Contract 4 [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract 35202162927987      
Company Jandaíra III      
Allocation Implementation of Jandaíra Wind Complex      
Guarantees Bank guarantee      
Issue date May 31, 2021      
Number of installments 192      
Final maturity 06.15.2038      
Finance charges Monthly      
Contractual financial charges p.y. 2.7086% + IPCA      
Effective interest rate p.y. 3.0107% + IPCA      
Contract amount R$ 65,158      
Loans and financing R$ 53,843 21,645    
Local Currency [Member] | Contract 5 [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract 35202160027984      
Company Jandaíra IV      
Allocation Implementation of Jandaíra Wind Complex      
Guarantees Bank guarantee      
Issue date May 31, 2021      
Number of installments 192      
Final maturity 06.15.2038      
Finance charges Monthly      
Contractual financial charges p.y. 2.2161% + IPCA (1) and 2.7086% + IPCA (1)      
Effective interest rate p.y. 3.0107% + IPCA      
Contract amount R$ 65,421      
Loans and financing R$ 54,053 22,058    
Local Currency [Member] | Contract 6 [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract 35201915725525      
Company Potiguar B141      
Allocation Implementation of Vilas Wind Complex.      
Guarantees Fiduciary assignment of credit rights; fiduciary assignment of rights under the O&M contract; fiduciary assignment of rights arising from the authorization; pledge of shares; fiduciary alienation of project machinery and equipment; 100% bank guarantee; fiduciary assignment of the Debt Service Reserve Accounts; fiduciary assignment of the operating reserve account (O&M); Shareholder support agreement      
Issue date Apr. 04, 2019      
Number of installments 216      
Final maturity 04.15.2039      
Finance charges Monthly      
Contractual financial charges p.y. IPCA + 2.3323%      
Effective interest rate p.y. IPCA + 2.3323%      
Contract amount R$ 92,138      
Loans and financing R$ 89,685 94,781    
Local Currency [Member] | Contract 7 [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract 35201922425522      
Company Potiguar B142      
Allocation Implementation of Vilas Wind Complex.      
Issue date Apr. 04, 2019      
Number of installments 216      
Final maturity 04.15.2039      
Finance charges Monthly      
Contractual financial charges p.y. IPCA + 2.3323%      
Effective interest rate p.y. IPCA + 2.3323%      
Contract amount R$ 92,213      
Loans and financing R$ 89,709 94,809    
Local Currency [Member] | Contract 8 [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract 35201926525533      
Company Potiguar B143      
Allocation Implementation of Vilas Wind Complex.      
Issue date Apr. 11, 2019      
Number of installments 216      
Final maturity 04.15.2039      
Finance charges Monthly      
Contractual financial charges p.y. IPCA + 2.3323%      
Effective interest rate p.y. IPCA + 2.3323%      
Contract amount R$ 92,138      
Loans and financing R$ 89,376 94,453    
Local Currency [Member] | Contract 9 [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract 35201910625534      
Company Ventos de Vila Paraíba IV      
Allocation Implementation of Vilas Wind Complex.      
Issue date Apr. 18, 2019      
Number of installments 216      
Final maturity 05.15.2039      
Finance charges Monthly      
Contractual financial charges p.y. IPCA + 2.3323%      
Effective interest rate p.y. IPCA + 2.3323%      
Contract amount R$ 92,138      
Loans and financing R$ 91,004 96,237    
Local Currency [Member] | Contract 10 [Member] | Banco Do Nordeste Do Brasil [Member]        
IfrsStatementLineItems [Line Items]        
Contract 352020148727169      
Company Potiguar B61      
Allocation Implementation of Vilas Wind Complex.      
Issue date Aug. 11, 2020      
Number of installments 216      
Final maturity 08.15.2040      
Finance charges Monthly      
Contractual financial charges p.y. IPCA + 1.4865%      
Effective interest rate p.y. IPCA + 1.4865%      
Contract amount R$ 163,886      
Loans and financing R$ 186,552 176,324    
Local Currency [Member] | Contract 11 [Member] | Banco Do Brasil B N D E S Transfer [Member]        
IfrsStatementLineItems [Line Items]        
Contract 21/02000-0      
Company Copel GeT      
Allocation Implementation of Mauá HPP.      
Guarantees Revenue from energy sales from the plant.      
Issue date Apr. 16, 2009      
Number of installments 179      
Final maturity 01.15.2028      
Finance charges Monthly      
Contractual financial charges p.y. 2.13% above TJLP      
Effective interest rate p.y. 2.13% above TJLP      
Contract amount R$ 169,500      
Loans and financing R$ 60,720 72,109    
Local Currency [Member] | Contract 12 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 820989.1      
Company Copel GeT      
Allocation Implementation of Mauá HPP      
Guarantees Revenue from energy sales from the plant.      
Issue date Mar. 17, 2009      
Number of installments 179      
Final maturity 01.15.2028      
Contractual financial charges p.y. 1.63% above TJLP      
Effective interest rate p.y. 1.63% above TJLP      
Contract amount R$ 169,500      
Loans and financing R$ 60,719 72,109    
Local Currency [Member] | Contract 13 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 1120952.1      
Allocation Implementation of transmission line between Foz do Iguaçu and Cascavel Oeste substations.      
Guarantees Assignment of receivables; revenue from energy transmission services.      
Issue date Dec. 16, 2011      
Number of installments 168      
Final maturity 04.15.2026      
Finance charges Monthly      
Contractual financial charges p.y. 1.82% and 1.42% above TJLP      
Effective interest rate p.y. 1.82% and 1.42% above TJLP      
Contract amount R$ 44,723      
Loans and financing R$ 11,186 14,431    
Local Currency [Member] | Contract 14 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 1220768.1      
Allocation Implementation of Cavernoso II SHP.      
Guarantees Revenue from energy sales from the plant.      
Issue date Sep. 28, 2012      
Number of installments 192      
Final maturity 07.15.2029      
Finance charges Monthly      
Contractual financial charges p.y. 1.36% above TJLP      
Effective interest rate p.y. 1.36% above TJLP      
Contract amount R$ 73,122      
Loans and financing R$ 32,012 36,593    
Local Currency [Member] | Contract 15 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 13211061      
Allocation Implementation of Colíder HPP.      
Issue date Dec. 04, 2013      
Number of installments 192      
Final maturity 10.15.2031      
Finance charges Monthly      
Contractual financial charges p.y. 0% and 1.49% above TJLP      
Effective interest rate p.y. 6.43% and 7.68%      
Contract amount R$ 1,041,155      
Loans and financing R$ 615,968 680,413    
Local Currency [Member] | Contract 19 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 18205101      
Allocation Implementation of Baixo Iguaçu HPP.      
Guarantees Assignment of receivables      
Issue date Nov. 22, 2018      
Number of installments 192      
Final maturity 06.15.2035      
Finance charges Monthly      
Contractual financial charges p.y. 1.94% above TJLP      
Effective interest rate p.y. 8.50%      
Contract amount R$ 194,000      
Loans and financing R$ 159,948 171,447    
Local Currency [Member] | Contract 16 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 13210331      
Allocation Implementation of Cerquilho III substation.      
Issue date Dec. 03, 2013      
Number of installments 168      
Final maturity 08.15.2028      
Finance charges Monthly      
Contractual financial charges p.y. 1.49% and 1.89% above TJLP      
Effective interest rate p.y. 1.49% and 1.89% above TJLP      
Contract amount R$ 17,644      
Loans and financing R$ 7,502 8,758    
Local Currency [Member] | Contract 17 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 15206041      
Allocation Implementation of transmission line Assis - Paraguaçu Paulista II.      
Issue date Dec. 28, 2015      
Number of installments 168      
Final maturity 06.15.2030      
Finance charges Monthly      
Contractual financial charges p.y. 2.42% above TJLP      
Effective interest rate p.y. 9.04%      
Contract amount R$ 34,265      
Loans and financing R$ 16,139 18,151    
Local Currency [Member] | Contract 18 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 15205921      
Allocation Implementation of transmission lines Londrina - Figueira and Salto Osório - Foz do Chopim.      
Issue date Dec. 28, 2015      
Number of installments 168      
Final maturity 12.15.2029      
Finance charges Monthly      
Contractual financial charges p.y. 2.32% above TJLP      
Effective interest rate p.y. 8.93%      
Contract amount R$ 21,584      
Loans and financing R$ 9,542 10,822    
Local Currency [Member] | Contract 20 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 19207901- A+B+E+F+G+H      
Allocation Implementation of transmission facilities for the line: substation Medianeira; substation Curitiba Centro and Curitiba Uberaba and substation Andirá Leste.      
Issue date Jun. 03, 2020      
Number of installments 279      
Final maturity 12.15.2043      
Finance charges Monthly      
Contractual financial charges p.y. IPCA + 4.8165%      
Effective interest rate p.y. IPCA + 4.8570%      
Contract amount R$ 206,882      
Loans and financing R$ 200,932 185,532    
Local Currency [Member] | Contract 21 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 19207901- C+D+I+J      
Allocation Implementation of transmission facilities for the line: transmission line Curitiba Leste - Blumenal and Baixo Iguaçu - Realeza.      
Issue date Jun. 03, 2020      
Number of installments 267      
Final maturity 12.15.2043      
Finance charges Monthly      
Contractual financial charges p.y. IPCA + 4.8165%      
Effective interest rate p.y. IPCA + 4.8570%      
Contract amount R$ 225,230      
Loans and financing R$ 188,869 162,773    
Local Currency [Member] | Contract 22 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 14205611-C      
Company Copel DIS      
Allocation Preservation of business, improvements, operating support and general investments in the expansion and consolidation of projects and social investment programs of companies (ISE).      
Guarantees Surety of Copel; assignment of revenues and indemnity rights under the concession.      
Issue date Dec. 15, 2014      
Number of installments 113      
Final maturity 06.15.2024      
Finance charges Monthly      
Contractual financial charges p.y. 6.0%      
Effective interest rate p.y. 6.0%      
Contract amount R$ 78,921      
Loans and financing R$ 11,757 19,595    
Local Currency [Member] | Contract 23 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 14.2.1271.1      
Company Santa Maria      
Guarantees Surety of Copel; pledge of shares; assignment of receivables and revenues.      
Issue date Jun. 01, 2015      
Number of installments 192      
Final maturity 08.15.2031      
Finance charges Monthly      
Contractual financial charges p.y. 1.66% above TJLP      
Effective interest rate p.y. 8.26%      
Contract amount R$ 71,676      
Loans and financing R$ 34,125 37,771    
Local Currency [Member] | Contract 25 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 11211521      
Company GE Farol      
Allocation Construction and implementation of wind generating plants.      
Guarantees Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment.      
Issue date Mar. 19, 2012      
Number of installments 192      
Final maturity 06.15.2030      
Finance charges Monthly      
Contractual financial charges p.y. 2.34% above TJLP      
Effective interest rate p.y. 2.34% above TJLP      
Contract amount R$ 54,100      
Loans and financing R$ 29,888 33,570    
Local Currency [Member] | Contract 24 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 14.2.1272.1      
Company Santa Helena      
Guarantees Surety of Copel; pledge of shares; assignment of receivables and revenues.      
Issue date Jun. 01, 2015      
Number of installments 192      
Final maturity 08.15.2031      
Finance charges Monthly      
Contractual financial charges p.y. 1.66% above TJLP      
Effective interest rate p.y. 8.26%      
Contract amount R$ 82,973      
Loans and financing R$ 37,027 40,983    
Local Currency [Member] | Contract 26 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 11211531      
Company GE Boa Vista      
Guarantees Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment.      
Issue date Mar. 19, 2012      
Number of installments 192      
Final maturity 06.15.2030      
Finance charges Monthly      
Contractual financial charges p.y. 2.34% above TJLP      
Effective interest rate p.y. 2.34% above TJLP      
Contract amount R$ 40,050      
Loans and financing R$ 22,096 24,818    
Local Currency [Member] | Contract 27 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 11211541      
Company GE S.B. do Norte      
Allocation Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment.      
Guarantees Pledge of shares; assignment of receivables from energy sales from the project; assignment of machinery and equipment.      
Issue date Mar. 19, 2012      
Number of installments 192      
Final maturity 06.15.2030      
Finance charges Monthly      
Contractual financial charges p.y. 2.34% above TJLP      
Effective interest rate p.y. 2.34% above TJLP      
Contract amount R$ 90,900      
Loans and financing R$ 50,112 56,287    
Local Currency [Member] | Contract 28 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 11211551      
Company GE Olho D'Água      
Issue date Mar. 19, 2012      
Number of installments 192      
Final maturity 06.15.2030      
Finance charges Monthly      
Contractual financial charges p.y. 2.34% above TJLP      
Effective interest rate p.y. 2.34% above TJLP      
Contract amount R$ 97,000      
Loans and financing R$ 53,519 60,113    
Local Currency [Member] | Contract 29 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 18204611      
Company Cutia      
Issue date Oct. 10, 2018      
Number of installments 192      
Final maturity 07.15.2035      
Finance charges Monthly      
Contractual financial charges p.y. 2.04% above TJLP      
Effective interest rate p.y. 8.37%      
Contract amount R$ 619,405      
Loans and financing R$ 543,337 563,569    
Local Currency [Member] | Contract 30 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 13212221      
Company Costa      
Guarantees Assignment of receivables; 100% of pledged shares      
Issue date Dec. 03, 2013      
Number of installments 168      
Final maturity 11.30.2028      
Finance charges Monthly      
Contractual financial charges p.y. 1.95% + TJLP      
Effective interest rate p.y. 1.95% + TJLP      
Contract amount R$ 27,634      
Loans and financing R$ 12,842 14,898    
Local Currency [Member] | Contract 31 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 13212221      
Allocation Implementation of transmission line between Cascavel Oeste and Umuarama Sul substations and implementation of Umuarama Sul substation.      
Issue date Dec. 03, 2013      
Number of installments 106      
Final maturity 09.30.2023      
Finance charges Monthly      
Contractual financial charges p.y. 3.5%      
Effective interest rate p.y. 3.5%      
Contract amount R$ 9,086      
Loans and financing R$ 598 1,396    
Local Currency [Member] | Contract 32 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 14205851      
Company Marumbi      
Allocation Implementation of transmission line between Curitiba and Curitiba Leste and implementation of Curitiba Leste substation.      
Issue date Jul. 08, 2014      
Number of installments 168      
Final maturity 06.30.2029      
Finance charges Monthly      
Contractual financial charges p.y. 2.00% + TJLP      
Effective interest rate p.y. 2.00% + TJLP      
Contract amount R$ 33,460      
Loans and financing R$ 16,981 19,444    
Local Currency [Member] | Contract 33 [Member] | B N D E S [Member]        
IfrsStatementLineItems [Line Items]        
Contract 14205851      
Issue date Jul. 08, 2014      
Number of installments 106      
Final maturity 04.30.2024      
Finance charges Monthly      
Contractual financial charges p.y. 6.0%      
Effective interest rate p.y. 6.0%      
Contract amount R$ 21,577      
Loans and financing 3,020 5,285    
Local Currency 1 [Member]        
IfrsStatementLineItems [Line Items]        
Loans and financing R$ 2,118,119 R$ 2,238,758    
[1] On March 10, 2022, the debt was redeemed in advance, net of the collateral and escrow deposits.
[2] Debt renegotiated in March 2021, with changes in the amortization dates and the amount of financial charges.