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18. INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure of detailed information about investment property [abstract]

Schedule of percentage of the company's equity interest

	Control		2019				2018
Hidrelétrica Cachoeirão	Jointly-controlled		54				49
Guanhães Energia (1)	Jointly-controlled		131				–
Hidrelétrica Pipoca	Jointly-controlled		31				31
Retiro Baixo	Jointly-controlled		180				171
Aliança Norte (Belo Monte plant)	Jointly-controlled		671				664
Madeira Energia (Santo Antônio plant)	Affiliated		167				270
FIP Melbourne (Santo Antônio plant)	Affiliated		385				470
Lightger (1)	Jointly-controlled		128				–
Baguari Energia	Jointly-controlled		157				162
Aliança Geração	Jointly-controlled		1,192				1,217
Amazônia Energia (Belo Monte plant)	Jointly-controlled		1,028				1,013
Taesa	Jointly-controlled		1,213				1,143
Ativas Data Center	Affiliated		16				16
UFV Janaúba Geração de Energia Elétrica Distribuída	Affiliated		10				9
Companhia de Transmissão Centroeste de Minas	Jointly-controlled		24				20
Axxiom Soluções Tecnológicas (1)	Jointly-controlled		13				–
Total of investments			5,400				5,235
Itaocara – equity deficit (2)	Jointly-controlled		(22	)			–
Total			5,378				5,235

(1)	With the cessation of control of Light, the remaining equity interest in these investees was recognized as an investment in affiliate or jointly-controlled entities, and measured by the equity method, in accordance with IFRS 10. For more details please see Notes 1 and 34.
(2)	On December 31, 2019, the investee has negative net equity. Thus, after reducing the accounting value of its interest to zero, the Company recognized the provision for losses to the extent of its obligations , in the amount of R$22, resulting from contractual obligations assumed with the jointly-controlled entity and the other shareholders.

Schedule of allocation of acquisition price of jointly-controlled subsidiaries, a valuation was made of intangible assets relating to right to operate regulated activity

Changes in these assets are as follows:

Investees		2016				Amortization				Written off				2017				Additions				Amortization				Written off				2018				Amortization				2019
Taesa		288				(13	)			(86	)			189				–				(9	)			–				180				(9	)			171
Retiro Baixo		29				(1	)			–				28				6				(2	)			–				32				(1	)			31
Central Eólica Praias de Parajuru (1)		19				(1	)			(1	)			17				–				(2	)			(15	)			–				–				–
Central Eólica Volta do Rio (1)		14				(1	)			(2	)			11				–				(1	)			(10	)			–				–				–
Central Eólica Praias de Morgado (1)		27				(2	)			(1	)			24				–				(2	)			(22	)			–				–				–
Madeira Energia (Santo Antônio plant)		157				(6	)			–				151				–				(6	)			(127	)			18				(1	)			17
Lightger		–				–				–				–				84				–				–				84				(3	)			81
Light		209				(23	)			–				186				–				(20	)			(166	)			–				–				–
Aliança Geração		428				(25	)			–				403				–				(25	)			–				378				(25	)			353
Aliança Norte (Belo Monte plant)		57				(2	)			–				55				–				(2	)			–				53				(2	)			51
Lepsa		49				(6	)			(43	)			–				–				–				–				–				–				–
RME		48				(4	)			–				44				20				(5	)			(59	)			–				–				–
Total		1,325				(84	)			(133	)			1,108				110				(74	)			(399	)			745				(41	)			704

(1)	As from 2018 the investees Central Eólica Praias de Parajuru and Central Eólica Volta do Rio are being consolidated.

Schedule of changes in investments in subsidiaries jointly controlled entities and affiliates

Investee		2018				Gain (loss) by equity method (Income statement)				Remeasurement of equity interest held in subsidiaries after loss of control				Dividends				Additions / acquisitions				Others				2019
Companhia de Transmissão Centroeste de Minas		20				4				–				–				–				–				24
Axxiom Soluções Tecnológicas		–				–				4				–				9				–				13
Lightger		–				–				128				–				–				–				128
Guanhães Energia		–				–				131				–				–				–				131
Usina Hidrelétrica Itaocara S.A.		–				(50	)			5				–				23				22				–
Hidrelétrica Pipoca		31				4				–				(4	)			–				–				31
Madeira Energia (Santo Antônio plant)		270				(103	)			–				–				–				–				167
FIP Melbourne (Santo Antônio plant)		470				(85	)			–				–				–				–				385
Hidrelétrica Cachoeirão		49				11				–				(6	)			–				–				54
Baguari Energia		162				22				–				(27	)			–				–				157
Amazônia Energia (Belo Monte plant)		1,013				15				–				–				–				–				1,028
Aliança Norte (Belo Monte plant)		664				6				–				–				1				–				671
Ativas Data Center		16				–				–				–				–				–				16
Taesa		1,143				210				–				(141	)			–				1				1,213
Aliança Geração		1,217				78				–				(103	)			–				–				1,192
Retiro Baixo		171				12				–				(3	)			–				–				180
UFV Janaúba Geração de Energia Elétrica Distribuída		9				1				–				–				–				–				10
Total of investments		5,235				125				268				(284	)			33				23				5,400
Itaocara – equity deficit		–				–				–				–				–				(22	)			(22	)
Total		5,235				125				268				(284	)			33				1				5,378

Investee		2017				Gain (loss) by equity method (Income statement)				Remeasurement of previously held equity interest in subsidiaries acquired (step–acquisition)				Dividends				Additions / acquisitions				Disposals				Reclassification to held for sale				Others				2018
Companhia de Transmissão Centroeste de Minas		21				5				–				(6	)			–				–				–				–				20
Light (1)		1,534				19				(231	)			(8	)			–				–				(1,255	)			(59	)			–
RME (1)		383				3				(52	)			(1	)			104				–				(326	)			(111	)			–
Axxiom Soluções Tecnológicas (1)		12				(7	)			–				–				–				–				(4	)			(1	)			–
Lightger (1)		41				3				84				(2	)			–				–				(126	)			–				–
Guanhães Energia (1)		25				30				–				–				57				–				(112	)			–				–
Usina Hidrelétrica Itaocara S.A. (1)		4				(4	)			–				–				5				–				(5	)			–				–
Hidrelétrica Pipoca		26				7				–				(2	)			–				–				–				–				31
Madeira Energia (Santo Antônio plant) (2) (4)		535				(163	)			–				–				25				–				–				(127	)			270
FIP Melbourne (Santo Antônio plant) (4)		582				(139	)			–				–				27				–				–				–				470
Hidrelétrica Cachoeirão		58				10				–				(19	)			–				–				–				–				49
Baguari Energia		148				28				–				(15	)			–				–				–				1				162
Central Eólica Praias de Parajuru (3)		60				(6	)			21				–				74				(3	)			–				(146	)			–
Central Eólica Volta do Rio (3)		68				(16	)			59				–				92				(22	)			–				(181	)			–
Central Eólica Praias de Morgado (3)		51				(15	)			–				–				–				(12	)			–				(24	)			–
Amazônia Energia (Belo Monte plant)		867				80				–				–				69				–				–				(3	)			1,013
Aliança Norte (Belo Monte plant)		577				44				–				–				43				–				–				–				664
Ativas Data Center		17				(1	)			–				–				–				–				–				–				16
Taesa (1)		1,101				225				–				(208	)			–				–				–				25				1,143
Renova		282				(282	)			–				–				–				–				–				–				–
Aliança Geração		1,242				65				–				(90	)			–				–				–				–				1,217
Retiro Baixo		158				10				–				(3	)			6				–				–				–				171
UFV Janaúba Geração de Energia Elétrica Distribuída		–				–				–				–				9				–				–				–				9
Total of investments		7,792				(104	)			(119	)			(354	)			511				(37	)			(1,828	)			(626	)			5,235

(1)	Others arises from first adoption of the new accounting standards on January 1, 2018, recognized by the investees directly in equity without inclusion in the Income statement. The column Reclassification to held for sale includes the effect of the reclassification of the investment in Light, Axxion, Lightger, Guanhães and Itaocara to Non-current assets held for sale, in accordance with IFRS 5.
(2)	Due to the result of analysis of impairment indication, due to the recurring losses incurred by Madeira, a provision was recognized for loss of part of the residual added value of the investment in Madeira, to limit its balance to the minimum value of the excess of future economic benefits arising from use of the net fixed asset on December, 31, 2018, using the nominal WACC of 9.59% as the discount rate. The provision is presented in the statement of income for the year ended December 31, 2018 as Impairment loss on Investments.
(3)	Arising from the business combination between the Company and Energimp. The rights to exploitation of the regulated activity are classified in the consolidated statement of financial position under Intangible.
(4)	In October 2018 the Company subscribed capital increases in Mesa and FIP Melbourne, of R$25 and R$26, respectively. These funds were entirely applied in capital contributions to Santo Antônio Energia S.A. (‘Saesa’ or ‘Santo Antônio Hydroelectric Plant’).

		2016				Gain (loss) by equity method (Income statement)				Gain (loss) by equity method (Other comprehensive income)				Dividends				Additions / acquisitions				Disposals				Others				2017
Companhia Transleste de Transmissão		22				5				–				(7	)			–				(20	)			–				–
Companhia Transudeste de Transmissão		21				3				–				(12	)			–				(12	)			–				–
Companhia Transirapé de Transmissão		24				4				–				(6	)			–				(22	)			–				–
Companhia de Transmissão Centroeste de Minas		21				5				–				(5	)			–				–				–				21
Light (1)		1,070				35				(3	)			–				–				–				432				1,534
Axxiom Soluções Tecnológicas		19				(7	)			–				–				–				–				–				12
Lepsa (1)		344				–				(2	)			–				–				–				(342	)			–
RME		339				7				(2	)			–				38				–				1				383
Hidrelétrica Cachoeirão		50				10				–				(3	)			–				–				1				58
Guanhães Energia (2)		–				(13	)			–				–				97				–				(59	)			25
Hidrelétrica Pipoca		32				2				–				(8	)			–				–				–				26
Madeira Energia (Santo Antônio plant)		644				(109	)			–				–				–				–				–				535
FIP Melbourne (Santo Antônio plant)		677				(95	)			–				–				–				–				–				582
Lightger		42				2				–				(3	)			–				–				–				41
Baguari Energia		162				17				–				(30	)			–				–				(1	)			148
Central Eólica Praias de Parajuru		63				(1	)			–				–				–				–				(2	)			60
Central Eólica Volta do Rio		81				(12	)			–				–				–				–				(1	)			68
Central Eólica Praias de Morgado		60				(8	)			–				–				–				–				(1	)			51
Amazônia Energia (Belo Monte plant)		781				1				–				–				85				–				–				867
Ativas Data Center		18				(2	)			–				–				–				–				1				17
Taesa (3)		1,583				216				–				(183	)			–				(515	)			–				1,101
Renova		689				(390	)			(34	)			–				18				–				(1	)			282
Usina Hidrelétrica Itaocara S.A.		3				(2	)			–				–				3				–				–				4
Aliança Geração		1,319				72				–				(149	)			–				–				–				1,242
Aliança Norte (Belo Monte plant)		527				(2	)			–				–				51				–				1				577
Retiro Baixo		162				10				–				(14	)			–				–				–				158
Total of investments		8,753				(252	)			(41	)			(420	)			292				(569	)			29				7,792
Guanhães Energia – equity deficit (2)		(59	)			–				–				–				–				–				59				–
Total		8,694				(252	)			(41	)			(420	)			292				(569	)			88				7,792

(1)	On November 30, 2017 the Company acquired all Lepsa’s shares, and therefore as from that date on it consolidates that company in its financial statements. Lepsa’s sole asset is its holdings in the share capital of Light. Hence, the Company no longer presents the investment that it previously held at Lepsa in its consolidated statement, presenting only the interest in Light.
(2)	Equity deficit reversed through injection of capital.
(3)	On November 2017 the Company sold part of its equity interest in the jointly-controlled entity Taesa. The Company sold 34 million Units of Taesa at the price of R$ 21.10 per Unit. With the sale, the Company’s holding in the share capital of Taesa was reduced from 31.54% to 21.68%. The shares that were sold are not part of the controlling shareholding block of Taesa, and as a result Cemig continues to be in the controlling block of Taesa.

Schedule of changes in dividends receivable

Changes in dividends receivable are as follows:

		2019				2018
Opening balances		119				77
Dividends proposed by investees		285				354
Dividends proposed by investee classified as held for sale		73
Withholding income tax on Interest on equity		(8	)			(7	)
Amounts received		(283	)			(304	)
Ending balances		186				120

Schedule of subsidiaries and jointly controlled entities percentage by the company's ownership interest

Main information on the subsidiaries, jointly-controlled entities and affiliates, not adjusted for the percentage represented by the Company’s ownership interest:

						2019												2018												2017
Investee		Number of shares				Cemig interest %				Share capital				Equity				Cemig interest %				Share capital				Equity				Cemig interest %				Share capital				Equity
Cemig Geração e Transmissão		2,896,785,358				100.00				2,600				5,136				100.00				2,600				4,980				100.00				1,838				4,794
Madeira Energia (Santo Antônio plant)		12,034,025,147				15.51				10,620				3,705				15.51				10,620				4,657				18.13				9,547				5,327
Hidrelétrica Cachoeirão		35,000,000				49.00				35				110				49.00				35				100				49.00				35				118
Guanhães Energia		548,626,000				49.00				549				268				49.00				396				228				49.00				331				51
Hidrelétrica Pipoca		41,360,000				49.00				41				63				49.00				41				63				49.00				41				53
Baguari Energia (1)		26,157,300,278				69.39				187				227				69.39				187				234				69.39				187				214
Central Eólica Praias de Parajuru		71,834,843				100.00				72				89				100.00				72				80				49.00				71				89
Central Eólica Volta do Rio		138,867,440				100.00				139				58				100.00				139				84				49.00				117				116
Central Eólica Praias de Morgado		–				–				–				–				–				–				–				49.00				53				54
Lightger		79,078,937				49.00				79				95				49.00				79				86				49.00				79				83
Aliança Norte (Belo Monte plant)		41,893,675,837				49.00				1,208				1,266				49.00				1,206				1,247				49.00				1,119				1,066
Amazônia Energia (Belo Monte plant) (1)		1,322,597,723				74.50				1,323				1,380				74.50				1,322				1,359				74.50				1,230				1,163
Aliança Geração		1,291,582				45.00				1,291				1,858				45.00				1,291				1,858				45.00				1,291				1,858
Retiro Baixo		225,350,000				49.90				225				300				49.90				223				278				49.90				223				258
Renova (1) (2)		41,719,724				36.23				2,961				(1,091	)			36.23				2,919				(76	)			36.23				2,919				780
Usina Hidrelétrica Itaocara S.A. (6)		69,282,514				49.00				69				(45	)			49.00				22				10				49.00				11				8
Cemig Ger.Três Marias S.A.		1,291,423,369				100.00				1,291				1,408				100.00				1,291				1,396				100.00				1,291				1,392
Cemig Ger.Salto Grande S.A		405,267,607				100.00				405				446				100.00				405				440				100.00				405				440
Cemig Ger. Itutinga S.A.		151,309,332				100.00				151				184				100.00				151				179				100.00				151				171
Cemig Geração Camargos S.A.		113,499,102				100.00				113				136				100.00				113				132				100.00				113				130
Cemig Geração Sul S.A.		148,146,505				100.00				148				179				100.00				148				176				100.00				148				168
Cemig Geração Leste S.A.		100,568,929				100.00				101				127				100.00				101				121				100.00				101				116
Cemig Geração Oeste S.A.		60,595,484				100.00				61				73				100.00				61				70				100.00				61				69
Rosal Energia S.A.		46,944,467				100.00				47				128				100.00				47				125				100.00				47				107
Sá Carvalho S.A.		361,200,000				100.00				37				124				100.00				37				94				100.00				37				103
Horizontes Energia S.A.		39,257,563				100.00				39				57				100.00				39				55				100.00				39				53
Cemig PCH S.A.		45,952,000				100.00				46				98				100.00				46				93				100.00				36				97
Cemig Geração Poço Fundo S.A. (3)		1,402,000				100.00				1				4				100.00				17				18				100.00				17				18
Empresa de Serviços de Comercialização de Energia Elétrica S.A.		486,000				100.00				–				28				100.00				–				27				100.00				–				18
Cemig Comercializadora de Energia Incentivada S.A.		1,000,000				100.00				1				3				100.00				1				3				100.00				1				2
Cemig Trading S.A.		1,000,000				100.00				1				31				100.00				1				28				100.00				1				29
Cemig Distribuição (4)		2,359,113,452				100.00				5,372				4,708				100.00				2,772				4,642				100.00				2,772				3,737
Light		303,934,060				22.58				4,051				5,983				26.06				2,226				3,389				26.06				2,226				3,462
TAESA		1,033,496,721				21.68				3,042				4,927				21.68				3,042				4,572				21.68				3,042				4,347
Cemig Telecom		–				–				–				–				–				–				–				100.00				292				247
Ativas Data Center		456,540,718				19.60				182				82				19.60				182				84				–				–				–
Gasmig		409,255,483				99.57				665				988				99.57				665				1,001				99.57				665				1,224
Cemig Geração Distribuída		174,281				100.00				–				11				100.00				0				3				100.00				0				5
LEPSA (5)		–				–				–				–				100.00				406				447				100.00				406				456
RME (5)		–				–				–				–				100.00				403				423				75.00				403				453
Efficientia		15,121,845				100.00				15				17				100.00				15				18				100.00				6				7
Companhia de Transmissão Centroeste de Minas		28,000,000				51.00				28				47				51.00				28				39				51.00				28				40
Axxiom Soluções Tecnológicas		58,365,000				49.00				58				27				49.00				47				17				49.00				47				24

(1)	Jointly-control under a Shareholders’ Agreement.
(2)	In view of Renova’s negative net equity, the Company reduced to zero the carrying value of its equity interests in this investee, at December 31, 2018.
(3)	The Extraordinary General Meeting of Shareholders held on August 29, 2019 approved changes to the bylaws of the subsidiary, changing its name and its corporate objects. With the alteration, the name of Usina Termelétrica Barreiro S.A. was changed to Cemig Geração Poço Fundo S.A.
(4)	An Extraordinary General Shareholders’ Meeting held on August 7, 2019 approved increase in the share capital of Cemig D by R$2,600, through subscription of funds from Advances for Future Capital Increase (AFACs), paid in by the Company, without issuance of new shares.
(5)	These investees were merged on April 24, 2019.
(6)	On December 31, 2019, the investee has equity deficit. Thus, after reducing the accounting value of its interest to zero, the Company recognized the provision for losses to the extent of its obligations , in the amount of R$22, resulting from contractual obligations assumed with the jointly-controlled entity and the other shareholders.

Schedule of direct and indirect equity interests

The Company has indirect equity interests in the following investees:

		2019								2018
		Direct interest %				Indirect interest %				Direct interest %				Indirect interest %
Amazônia		74.50	%			5.76	%			74.50	%			12.46	%
Renova (1)		36.23	%			–				36.23	%			8.39	%
LightGer		49.00	%			11.52	%			49.00	%			24.92	%
Guanhães		49.00	%			11.52	%			49.00	%			24.92	%
Axxion		49.00	%			11.52	%			49.00	%			24.92	%
UHE Itaocara		49.00	%			11.52	%			49.00	%			24.92	%
Light		22.58	%			–				26.06	%			22.80	%

(1)	On October 15, 2019, Light sold the totality of its shares in the jointly-controlled entity Renova to CG I Fundo de Investimento em Participações. Further details as follows.

Schedule of summarized financial information of the company's equity investees

The main balances for the affiliated and jointly-controlled entities, at December 31, 2019, 2018 and 2017, are as follows:


2019		Centroeste				Ativas Data Center				Taesa				Axxiom Soluções Tecnológicas				Hidrelétrica Cachoeirão				Hidrelétrica Pipoca				Retiro Baixo				Aliança Norte
Assets
Current		29				33				3,568				34				35				11				68				1
Cash and cash equivalents		27				8				83				7				30				2				56				1
Non-current		35				107				7,662				26				82				89				343				1,266
Total assets		64				140				11,230				60				117				100				411				1,267
Liabilities
Current		6				24				996				28				7				11				34				1
Loans and financings – Current		3				13				10				8				–				7				14				–
Non-current		11				34				5,307				5				–				26				77				–
Loans and financings – Non-Current		8				31				4,159				–				–				26				68				–
Equity		47				82				4,927				27				110				63				300				1,266
Total liabilities		64				140				11,230				60				117				100				411				1,267
Statement of income
Net sales revenue		17				83				1,795				53				38				30				70				–
Cost of sales		(5	)			(75	)			(574	)			(54	)			(17	)			(15	)			(30	)			–
Depreciation and amortization		(1	)			(18	)			(5	)			(2	)			(3	)			(3	)			(9	)			–
Gross profit (loss)		12				8				1,221				(1	)			21				15				40				–
General and administrative expenses		(2	)			(7	)			(122	)			(11	)			–				–				(4	)			(2	)
Finance income		2				–				97				–				1				–				3				–
Finance expenses		(2	)			(3	)			(356	)			(2	)			–				(3	)			(8	)			–
Operational profit (loss)		10				(2	)			840				(14	)			22				12				31				(2	)
Share of (loss) profit, net, of subsidiaries and joint ventures		–				–				306				–				–				–				–				19
Income tax and social contribution tax		(1	)			–				(144	)			5				(2	)			(1	)			(3	)			–
Net income (loss) for the year		9				(2	)			1,002				(9	)			20				11				28				17
Comprehensive income (loss) for the year		9				(2	)			1,002				(9	)			20				11				28				17

2019		Amazônia Energia				Madeira Energia				Baguari Energia				Renova				Lightger				Guanhães Energia				Aliança Geração
Assets
Current		–				750				60				21				87				11				935
Cash and cash equivalents		–				78				9				5				69				5				435
Non-current		1,380				21,680				187				2,309				124				419				2,409
Total assets		1,380				22,430				247				2,330				211				430				3,344
Liabilities
Current		1				1,177				16				2,928				53				27				610
Loans and financings – Current		–				73				–				1,507				9				12				161
Non-current		–				17,548				4				493				63				136				876
Loans and financings – Non-Current		–				10,925				–				55				63				127				276
Equity		1,379				3,705				227				(1,091	)			95				267				1,858
Total liabilities		1,380				22,430				247				2,330				211				430				3,344
Statement of income
Net sales revenue		–				3,198				68				98				50				51				1,103
Cost of sales		–				(2,508	)			(23	)			(66	)			(27	)			(38	)			(681	)
Depreciation and amortization		–				(869	)			(9	)			(9	)			(11	)			(14	)			(151	)
Gross profit (loss)		–				690				45				32				23				13				422
General and administrative expenses		–				(99	)			–				(660	)			(2	)			(5	)			(31	)
Finance income		–				131				4				3				4				1				39
Finance expenses		–				(1,683	)			(1	)			(448	)			(7	)			(9	)			(90	)
Operational profit (loss)		–				(961	)			48				(1,073	)			18				–				340
Share of (loss) profit, net, of subsidiaries and joint ventures		20								–				66				–				–
Income tax and social contribution tax		–				10				(16	)			(7	)			(3	)			(2	)			(111	)
Net income (loss) for the year		20				(951	)			32				(1,014	)			15				(2	)			229
Comprehensive income (loss) for the year		20				(951	)			32				(1,014	)			15				(2	)			229

2018		Centroeste				Ativas Data Center				Taesa				Hidrelétrica Cachoeirão				Hidrelétrica Pipoca				Retiro Baixo				Aliança Norte
Assets
Current		19				17				1,927				23				12				47				–
Cash and cash equivalents		–				1				21				18				4				36				–
Non-current		36				106				6,689				85				95				354				1,247
Total assets		55				123				8,616				108				107				401				1,247
Liabilities
Current		6				23				647				8				11				32				–
Loans and financings – Current		3				9				11				–				7				14				–
Non-current		10				16				3,397				–				33				91				–
Loans and financings – Non-Current		10				13				410				–				33				82				–
Equity		39				84				4,572				100				63				278				1,247
Total liabilities		55				123				8,616				108				107				401				1,247
Statement of income
Net sales revenue		14				70				1,635				50				29				71				–
Cost of sales		(1	)			(72	)			(362	)			(29	)			(12	)			(29	)			–
Depreciation and amortization		–				–				–				(3	)			(3	)			(10	)			–
Gross profit (loss)		13				(2	)			1,273				21				17				42				–
General and administrative expenses		–				(16	)			(144	)			–				–				(4	)			(3	)
Finance income		1				–				63				1				–				2				1
Finance expenses		(3	)			(3	)			(274	)			–				(4	)			(11	)			(1	)
Operational profit (loss)		11				(21	)			918				22				13				29				(3	)
Share of (loss) profit, net, of subsidiaries and joint ventures		–				–				301				–				–				–				97
Income tax and social contribution tax		(1	)			–				(147	)			(2	)			(1	)			(3	)			–
Net income (loss) for the year		10				(21	)			1,072				20				12				26				94
Comprehensive income (loss) for the year		10				(21	)			1,072				20				12				26				94


2018		Amazônia Energia				Madeira Energia				Baguari Energia				Renova				Aliança Geração
Assets
Current		–				618				44				1,738				791
Cash and cash equivalents		–				69				8				15				381
Non-current		1,360				22,453				201				891				2,440
Total assets		1,360				23,071				245				2,629				3,231
Liabilities
Current		1				1,281				7				2,195				564
Loans and financings – Current		–				53				–				349				168
Non-current		–				17,134				5				510				809
Loans and financings – Non-Current		–				10,220				–				64				348
Equity		1,359				4,656				233				(76	)			1,858
Total liabilities		1,360				23,071				245				2,629				3,231
Statement of income
Net sales revenue		–				3,006				74				710				984
Cost of sales		–				(2,689	)			(31	)			(834	)			(599	)
Depreciation and amortization		–				(887	)			(9	)			(10	)			(153	)
Gross profit (loss)		–				317				43				(124	)			385
General and administrative expenses		(1	)			(195	)			–				(458	)			(31	)
Finance income		2				128				3				3				33
Finance expenses		(2	)			(1,881	)			(1	)			(320	)			(89	)
Operational profit (loss)		(1	)			(1,631	)			45				(899	)			298
Share of (loss) profit, net, of subsidiaries and joint ventures		105				–				–				49				–
Income tax and social contribution tax		(1	)			(112	)			(4	)			(6	)			(100	)
Net income (loss) for the year		103				(1,743	)			41				(856	)			198
Comprehensive income (loss) for the year		103				(1,743	)			41				(856	)			198

2017		Centroeste				RME				Light				Taesa				Axxiom				Aliança Norte				Itaocara				Lightger				Amazônia Energia				Aliança Geração
Assets
Current		56				2				4,137				1,947				46				1				5				51				–				706
Cash and cash equivalents		17				1				270				57				3				–				5				1				–				540
Non-current		1				451				10,807				6,108				11				1,065				11				142				1,163				2,593
Total assets		57				453				14,944				8,055				57				1,066				16				193				1,163				3,299
Liabilities
Current		4				–				5,493				645				29				–				1				31				–				511
Suppliers		–				–				–				–				1				–				1				20				–				–
Loans and financings – Current		3				–				1,395				9				5				–				–				–				–				98
Non-current		13				–				6,019				3,062				4				–				7				79				–				930
Equity		40				453				3,432				4,348				24				1,066				8				83				1,163				1,858
Total liabilities		57				453				14,944				8,055				57				1,066				16				193				1,163				3,299
Statement of income
Net sales revenue		15				–				11,315				1,077				43				–				–				42				–				930
Cost of sales		(4	)			–				(8,869	)			(198	)			(55	)			–				(4	)			(28	)			–				(560	)
Depreciation and amortization		(1	)			–				(493	)			(1	)			(2	)			–				–				(11	)			–				(123	)
Gross profit (loss)		11				–				2,446				879				(12	)			–				(4	)			14				–				370
General and administrative expenses		–				(1	)			(1,071	)			(122	)			(7	)			(1	)			–				(2	)			(1	)			4
Finance income		2				16				100				70				1				–				–				4				2				28
Finance expenses		(2	)			–				(977	)			(292	)			(1	)			–				–				(9	)			–				(73	)
Operational profit (loss)		11				15				498				535				(19	)			(1	)			(4	)			7				1				329
Share of (loss) profit, net, of subsidiaries and joint ventures		–				–				(199	)			168				–				–				–				–				–				–
Income tax and social contribution tax		(1	)			–				(175	)			(55	)			6				–				–				(3	)			–				(114	)
Net income (loss) for the year		10				15				124				648				(13	)			(1	)			(4	)			4				1				215
Comprehensive income (loss) for the year		10				15				124				648				(13	)			(1	)			(4	)			4				1				215

2017		Hidrelétrica Cachoeirão				Baguari Energia				Guanhães Energia				Madeira Energia				Hidrelétrica Pipoca				Retiro Baixo				Renova				Central Eólica de Parajuru				Central Eólica de Morgado				Central Eólica Volta do Rio
Assets
Current		51				29				8				557				15				23				144				41				11				16
Cash and cash equivalents		46				5				4				55				6				14				25				35				7				5
Non-current		87				209				223				23,593				95				366				2,786				121				136				233
Total assets		138				238				231				24,150				110				389				2,930				162				147				249
Liabilities
Current		10				18				25				2,030				18				27				1,751				26				90				126
Suppliers		1				10				12				203				6				3				259				1				2				1
Non-current		10				6				155				16,793				39				104				399				47				3				7
Equity		118				214				51				5,327				53				258				780				89				54				116
Total liabilities		138				238				231				24,150				110				389				2,930				162				147				249
Statement of income
Net sales revenue		39				64				–				2,971				29				67				734				21				14				22
Cost of sales		(17	)			(37	)			–				(1,858	)			(18	)			(34	)			(677	)			(16	)			(17	)			(28	)
Depreciation and amortization		(4	)			(9	)			–				(838	)			(3	)			(10	)			(10	)			(10	)			(10	)			(17	)
Gross profit (loss)		22				27				–				1,113				11				33				57				5				(3	)			(6	)
General and administrative expenses		–				–				(10	)			(817	)			(1	)			–				(942	)			(2	)			(1	)			(3	)
Provision for loss		–				–				–				–				–				–				–				–				–				–
Financial income		4				6				1				115				2				3				12				3				2				3
Finance expenses		(2	)			–				(16	)			(1,551	)			(5	)			(11	)			(470	)			(6	)			(8	)			(12	)
Operational profit (loss)		24				33				(25	)			(1,140	)			7				25				(1,343	)			–				(10	)			(18	)
Share of (loss) profit, net, of subsidiaries and joint ventures		–				–				–				–				–				–				96				–				–				–
Income tax and social contribution tax		(3	)			(11	)			–				49				(2	)			(3	)			107				–				(1	)			(3	)
Net income (loss) for the year		21				22				(25	)			(1,091	)			5				22				(1,140	)			–				(11	)			(21	)
Comprehensive income (loss) for the year		21				22				(25	)			(1,091	)			5				22				(1,140	)			–				(11	)			(21	)

Schedule of restatement of prior holding in subsidiaries acquired

Based on the provisions of IFRS 3 – Business combinations, the Company remeasured the previously held interest at fair value on the date control was obtained, and any difference between the fair value and the carrying value of the investment will be recognized in the statement of income in 2020, as follows:


		Centroeste
Fair value on the acquisition date		120
Equity interest held by the Company before the acquisition of control		51	%
Previously held interest, valued at fair value on the date control was obtained		61
Carrying value of the investment		(24	)
Gain on remeasurement of previously held equity interest in subsidiaries acquired to be recognized in 2020		37

Schedule of remeasurement of interest previously held in subsidiaries at fair value

The remeasurement of the previously held interest based on the preliminary fair value of the net assets acquired is as follows:


		Centroeste
Cash consideration paid for 49% of the equity of Centroeste		45
Previously held interest, valued at fair value on the acquisition date – 51%		61
Bargain purchase		14
Total		120

Schedule of fair value of interest acquired, and remeasurement of previous equity interest in subsidiaries

The preliminary fair value of the assets and liabilities acquired at the acquisition date, is as follows:


Assets	Fair value on the transaction date		Liabilities	Fair value on the transaction date
Current	29		Current	6
Cash and cash equivalents	27		Loans and financings	3
Other current assets	2		Interest on equity and dividends payable	2
Non-current	108		Other current liabilities	1
Contract assets and Right to exploitation of the regulated activity	108		Non-current	11
			Loans and financings	8
			Provisions	3
			Fair value of net identifiable assets	120