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CONSOLIDATED STATEMENT OF INCOME - BRL (R$) R$ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
CONTINUING OPERATIONS |  |  |
NET REVENUE | R$ 25,390 | R$ 22,266 | R$ 21,712
COST OF ENERGY AND GAS |  |  |
Energy purchased for resale | (11,286) | (11,084) | (10,919)
Charges for use of the national grid | (1,426) | (1,480) | (1,174)
Gas purchased for resale | (1,436) | (1,238) | (1,071)
Cost of purchased energy sold | (14,148) | (13,802) | (13,164)
Personnel | (1,002) | (1,098) | (1,270)
Materials | (74) | (81) | (73)
Outsourced services | (1,043) | (913) | (759)
Depreciation and amortization | (815) | (761) | (787)
Operating provisions, net | (1,214) | (40) | (226)
Infrastructure construction cost | (1,200) | (897) | (1,119)
Others | (102) | (85) | (90)
Other costs | (5,450) | (3,875) | (4,324)
TOTAL COST | (19,598) | (17,677) | (17,488)
GROSS PROFIT | 5,792 | 4,589 | 4,224
OPERATING EXPENSES |  |  |
Selling expenses | (238) | (264) | (248)
General and administrative expenses | (642) | (672) | (763)
Operating provisions | (950) | (167) | (353)
Other operating (expenses) income, net | (1,051) | (640) | 34
Operating expense | (2,881) | (1,743) | (1,330)
Share of profit (loss), net, of affiliates and jointly-controlled entities | 125 | (104) | (252)
Dividends declared by investee classified as held for sale | 73 |  |
Remeasurement of previously held equity interest in subsidiaries acquired |  | (119) |
Impairment loss on investments |  | (127) |
Income before finance income (expenses) and taxes | 3,109 | 2,496 | 2,642
Finance income | 3,207 | 1,706 | 804
Finance expenses | (1,847) | (2,224) | (1,800)
Income before income tax and social contribution tax | 4,469 | 1,978 | 1,646
Current income tax and social contribution tax | (1,454) | (583) | (446)
Deferred income tax and social contribution tax | (111) | (16) | (198)
Net income for the year from continuing operations | 2,904 | 1,379 | 1,002
DISCONTINUED OPERATIONS |  |  |
Net income after tax for the year from discontinued operations | 224 | 363 |
NET INCOME FOR THE YEAR | 3,128 | 1,742 | 1,002
Equity holders of the parent |  |  |
Net income from continuing operations | 2,903 | 1,378 | 1,001
Net income from discontinued operations | 224 | 322 |
Net income for the year attributed to equity holders of the parent | 3,127 | 1,700 | 1,001
Non-controlling interests |  |  |
Net income from continuing operations | 1 | 1 | 1
Net income from discontinued operations |  | 41 |
Net income from Non-controlling interests | 1 | 42 | 1
NET INCOME FOR THE YEAR | R$ 3,128 | R$ 1,742 | R$ 1,002
Preferred Shares [Member] |  |  |
Non-controlling interests |  |  |
Basic and diluted earnings per preferred share - R$ | R$ 2.14 | R$ 1.17 | R$ 0.84
Basic and diluted earnings per preferred share from continuing operations - R$ | 1.99 | 0.95 | 0.84
Basic and diluted earnings per preferred share from discontinued operations - R$ | 0.15 | 0.22 |
Common Shares [Member] |  |  |
Non-controlling interests |  |  |
Basic and diluted earnings per common share - R$ | 2.14 | 1.17 | 0.37
Basic and diluted earnings per common share from continuing operations - R$ | 1.99 | 0.95 | 0.37
Basic and diluted earnings per common share from discontinued operations - R$ | R$ 0.15 | R$ 0.22 |

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