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INSURANCE

12 Months Ended

Dec. 31, 2018

Text block [abstract]

INSURANCE

34. INSURANCE

The Company and its subsidiaries maintain insurance policies to cover damages on certain assets, in accordance with orientation by specialists, as listed below, taking into account the nature and the degree of risk, for amounts considered sufficient to cover any significant losses related to its assets and responsibilities. The risk assumptions adopted, due to their nature, are not part of the scope of an audit of the financial statements, and consequently were not examined by the external auditors.

Coverage

Coverage period

Amount insured (1)

Annual premium (1)

Companhia Energética de Minas Gerais

Facilities in buildings

Fire

Jan. 8, 2019 to Jan. 8, 2020

R$

6,628

R$

1

Cemig Geração e Transmissão

Air transport / Aircraft

Fuselage Third party

April 29, 2018 to April 29, 2019 April 29, 2018 to April 29, 2019

US$ US$

4,385 14,000

US$

49

Warehouse stores

Fire

Nov. 2, 2018 to Nov. 2, 2020

R$

21,775

R$

22

Buildings

Fire

Jan. 8, 2019 to Jan. 8, 2020

R$

271,446

R$

59

Telecoms equipment

Fire

Jan. 8, 2019 to Jan. 8, 2020

R$

11,514

R$

5

Operational risk

—

Dec. 7, 2018 to Dec. 7, 2019

R$

992,147

R$

1,332

Cemig Distribuição

Air transport / Aircraft / Guimbal equipment

Fuselage Third party

April 29, 2018 to April 29, 2019

US$ USS

3,285 14,000

US$

35

Warehouse stores

Fire

Nov. 2, 2018 to Nov. 2, 2020

R$

164,514

R$

169

Facilities in buildings

Fire

Jan. 8, 2019 to Jan. 8, 2020

R$

436,994

R$

94

Telecoms equipment

Fire

R$

17,208

R$

7

Operational risk – Transformers above 15MVA and other energy distribution equipment with value above R$ 1,000 (2)

Total

Dec. 7, 2018 to Dec. 7, 2019

R$

542,976

R$

729

Gasmig

Gas distribution network / Third party

Third party

Dec. 15, 2018 to Dec. 15, 2019

60,000

R$

398

Own vehicle fleet (Operation)

Damage to third parties only

Jul. 7, 2018 to Jul. 7, 2019

500

R$

3

Own vehicle fleet (Directors)

Full cover

Oct. 25, 2018 to Oct. 25, 2019

100

R$

2

Facilities—multirisk (3)

Robbery, theft and fire

Jan. 1, 2018 to Jan. 1, 2019

41,374

R$

50

(1) Amounts expressed in R$ ‘000 or US$’000.

(2) Maximum indemnity limit: R$ 231 million for Cemig GT

(3) Contracting of a new policy is in progress.

The Company, except for its aircraft, does not have third party liability insurance covering accidents, and is not seeking proposals for this type of insurance. Additionally, Company has not sought proposals for, and does not have current policies for, insurance against events that could affect its facilities such as earthquakes, floods, systemic failures or business interruption. The Company has not suffered significant losses arising from the above-mentioned risks.

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- Definition

The entire disclosure for insurance contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Note Expiry date 2021-01-01
-Name IFRS
-Number 4
-IssueDate 2018-01-01
-Section Disclosure
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=4&date=2018-03-02&anchor=sect_Disclosure&doctype=Standard&book=b
-URIDate 2018-03-16

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Note Effective 2021-01-01
-Name IFRS
-Number 17
-IssueDate 2018-01-01
-Section Disclosure
-URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=17&date=2018-03-01&anchor=sect_Disclosure&doctype=Standard
-URIDate 2018-03-16

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