30. FINANCE INCOME AND EXPENSES


	2018			2017			2016
FINANCE INCOME
Income from financial investments		116			205			317
Interest on sale of energy		352			261			277
Foreign exchange variations		—			19			62
Monetary variations		19			46			106
Monetary variations – CVA (Note 15)		62			—			204
Monetary updating of escrow deposits		34			191			46
Pasep and Cofins charged on finance income (2)		(68	)		(53	)		(88	)
Gains on financial instruments – swap (Note 32)		893			—			—
Finance income from advance payments		29			—			—
Inflation adjustment in arbitration case (1) (Note 17)		77			—			—
Borrowing costs paid by related parties (Note 31)		56			—			—
Other		136			135			117

		1,706			804			1,041
FINANCE EXPENSES
Charges on loans and financings		(1,257	)		(1,466	)		(1,860	)
Cost of debt – amortization of transaction cost (Note 22)		(33	)		(67	)		(68	)
Foreign exchange variations – loans and financing (Note 22)		(582	)		(73	)		(35	)
Foreign exchange variations – Itaipu		(29	)
Monetary updating – loans and financings (Note 22)		(134	)		(109	)		(245	)
Monetary updating – onerous concessions		(3	)		—			(3	)
Charges and monetary updating on post-employment obligations (Note 24)		(68	)		(65	)		(103	)
Losses on financial instruments (Note 32)		—			(32	)		—
Monetary updating – CCEE obligations		—			—			(10	)
Monetary updating – CVA		—			(41	)		—
Monetary updating – AFAC		—			239			—
Monetary updating – Advance sales of energy supply (Note 8)		(11	)		(45	)		—
Adjustment to present value		—			(2	)		—
Other		(107	)		(139	)		(154	)

		(2,224	)		(1,800	)		(2,478	)

NET FINANCE INCOME (EXPENSES)		(518	)		(996	)		(1,437	)

(1)

inflation and other adjustments on the debt assumed by Energimp arising from the decision in favor of the company in arbitration, originating from non-compliance with the deadline for wind farms to start operation, agreed in the acquisition of a 49% interest in them, in 2009. For more information see Note 17.

(2)	The Pasep and Cofins expenses apply to Interest on Equity.