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v3.22.1

INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2021
Changes In Dividends Receivable Are As Follows |
Schedule of percentage of the company’s equity interest | Schedule of percentage of the company’s equity interest
|  | Control |  | 2021 |  | 2020
Hidrelétrica Cachoeirão |  |  | Jointly controlled |  |  |  | 59 |  |  |  | 53 |
Guanhães Energia |  |  | Jointly controlled |  |  |  | 125 |  |  |  | 131 |
Hidrelétrica Pipoca |  |  | Jointly controlled |  |  |  | 47 |  |  |  | 36 |
Retiro Baixo |  |  | Jointly controlled |  |  |  | 201 |  |  |  | 195 |
Aliança Norte (Belo Monte plant) |  |  | Jointly controlled |  |  |  | 609 |  |  |  | 631 |
Amazônia Energia (Belo Monte plant) |  |  | Jointly controlled |  |  |  | 933 |  |  |  | 965 |
Madeira Energia (Santo Antônio plant) |  |  | Affiliated |  |  |  | — |  |  |  | 209 |
FIP Melbourne (Santo Antônio plant) |  |  | Affiliated |  |  |  | — |  |  |  | 158 |
Lightger |  |  | Jointly controlled |  |  |  | 124 |  |  |  | 131 |
Baguari Energia |  |  | Jointly controlled |  |  |  | 168 |  |  |  | 159 |
Aliança Geração |  |  | Jointly controlled |  |  |  | 1,141 |  |  |  | 1,167 |
Taesa |  |  | Jointly controlled |  |  |  | 1,580 |  |  |  | 1,467 |
Ativas Data Center |  |  | Affiliated |  |  |  | 16 |  |  |  | 17 |
UFV Janaúba Geração de Energia Elétrica Distribuída |  |  | Jointly controlled |  |  |  | 3 |  |  |  | 10 |
UFV Manga Geração de Energia Elétrica Distribuída |  |  | Jointly controlled |  |  |  | 11 |  |  |  | 11 |
UFV Corinto Geração de Energia Elétrica S.A. |  |  | Jointly controlled |  |  |  | 9 |  |  |  | 10 |
UFV Bonfinópolis Geração de Energia Elétrica Distribuída |  |  | Jointly controlled |  |  |  | 6 |  |  |  | 6 |
UFV Lagoa Grande Geração de Energia Elétrica Distribuída |  |  | Jointly controlled |  |  |  | 15 |  |  |  | 15 |
UFV Lontra Geração de Energia Elétrica Distribuída |  |  | Jointly controlled |  |  |  | 18 |  |  |  | 17 |
UFV Mato Verde Geração de Energia Elétrica Distribuída |  |  | Jointly controlled |  |  |  | 6 |  |  |  | 6 |
UFV Mirabela Geração de Energia Elétrica Distribuída |  |  | Jointly controlled |  |  |  | 4 |  |  |  | 4 |
UFV Porteirinha I Geração de Energia Elétrica Distribuída |  |  | Jointly controlled |  |  |  | 5 |  |  |  | 6 |
UFV Porteirinha II Geração de Energia Elétrica Distribuída |  |  | Jointly controlled |  |  |  | 7 |  |  |  | 7 |
UFV Brasilândia Geração de Energia Elétrica Distribuída (1) |  |  | Jointly controlled |  |  |  | 15 |  |  |  | — |
Axxiom Soluções Tecnológicas |  |  | Jointly controlled |  |  |  | 4 |  |  |  | 4 |
Total of investments |  |  |  |  |  |  | 5,106 |  |  |  | 5,415 |
Itaocara — equity deficit (2) |  |  | Jointly controlled |  |  |  | (21 | ) |  |  | (30 | )
Madeira Energia (Santo Antônio Plant) — provisions to losses (3) |  |  | Affiliated |  |  |  | (162 | ) |  |  | — |
Total |  |  |  |  |  |  | 4,923 |  |  |  | 5,385 |
| (1) | On March 31, 2021, through its wholly-owned subsidiary Cemig Soluções Inteligentes em Energia S.A. (Cemig Sim), the Company acquired 49% of the specialized generation company UFV Brasilândia Geração de Energia Elétrica Distribuída S.A. (‘Brasilândia’), which operates in photovoltaic solar generation for the distributed generation market, with installed capacity of 7.35 MWp, for R$12, achieving a fair value gain of R$2.
| (2) | On December 31, 2021 and 2020, 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$21 (R$30 on December 31, 2020), resulting from contractual obligations assumed with the jointly controlled entity and the other shareholders. The loss is recorded in the balance sheet in Other obligations. Additionally, on December 1, 2021, Cemig GT injected capital into UHE Itaocara S.A., to assist in compliance with the final Arbitration Ruling against the investee, given by the FGV in its Mediation and Arbitration Chamber, in the amount of R$40. This amount is proportional to its shareholding interest in the investee. Further, R$1,359 was injected to cover the expenses specified in the 2021 budget of the investee.
| (3) | A loss was recognized to the extent that the Company has incurred obligations on behalf of the investee and the other shareholders. On December 31, 2021 this amount was R$162. See further information in this note.
Changes in these assets are as follows: | Changes in these assets are as follows:
Investees |  | 2018 |  | Amortization |  | 2019 |  | Amortization |  | 2020 |  | Amortization |  | Disposals (1) |  | 2021
Retiro Baixo |  |  | 32 |  |  |  | (1 | ) |  |  | 31 |  |  |  | (1 | ) |  |  | 30 |  |  |  | (1 | ) |  |  | — |  |  |  | 29 |
Madeira Energia (Santo Antônio plant) |  |  | 18 |  |  |  | (1 | ) |  |  | 17 |  |  |  | (1 | ) |  |  | 16 |  |  |  | (1 | ) |  |  | (15 | ) |  |  | — |
Lightger |  |  | 84 |  |  |  | (3 | ) |  |  | 81 |  |  |  | (3 | ) |  |  | 78 |  |  |  | (2 | ) |  |  | — |  |  |  | 76 |
Aliança Geração |  |  | 378 |  |  |  | (25 | ) |  |  | 353 |  |  |  | (25 | ) |  |  | 328 |  |  |  | (25 | ) |  |  | — |  |  |  | 303 |
Aliança Norte (Belo Monte plant) |  |  | 53 |  |  |  | (2 | ) |  |  | 51 |  |  |  | (2 | ) |  |  | 49 |  |  |  | (2 | ) |  |  | — |  |  |  | 47 |
Taesa |  |  | 180 |  |  |  | (9 | ) |  |  | 171 |  |  |  | (8 | ) |  |  | 163 |  |  |  | (9 | ) |  |  | — |  |  |  | 154 |
Total |  |  | 745 |  |  |  | (41 | ) |  |  | 704 |  |  |  | (40 | ) |  |  | 664 |  |  |  | (40 | ) |  |  | (15 | ) |  |  | 609 |
| (1) | The Company’s investment in Madeira Energia S.A. was written down to zero, as a result of the judgment given in the arbitration proceedings. There is more information below in this note.
Schedule of changes in investments in subsidiaries jointly controlled entities and affiliates | Schedule of changes in investments in subsidiaries jointly controlled entities and affiliates
Investee |  | 2020 |  | Gain (loss) by equity method (Income statement) |  | Dividends |  | Additions / acquisitions |  | Losses on investments |  | Others |  | 2021
Hidrelétrica Cachoeirão |  |  | 53 |  |  |  | 14 |  |  |  | (8 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 59 |
Guanhães Energia |  |  | 131 |  |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 125 |
Hidrelétrica Pipoca |  |  | 36 |  |  |  | 11 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 47 |
Madeira Energia (Santo Antônio plant) |  |  | 209 |  |  |  | (209 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
FIP Melbourne (Santo Antônio plant) |  |  | 158 |  |  |  | (158 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Lightger |  |  | 131 |  |  |  | 5 |  |  |  | (12 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 124 |
Baguari Energia |  |  | 159 |  |  |  | 31 |  |  |  | (22 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 168 |
Amazônia Energia (Belo Monte plant) |  |  | 965 |  |  |  | (32 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 933 |
Aliança Norte (Belo Monte plant) |  |  | 631 |  |  |  | (22 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 609 |
Ativas Data Center |  |  | 17 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 16 |
Taesa |  |  | 1,467 |  |  |  | 481 |  |  |  | (368 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,580 |
Aliança Geração |  |  | 1,167 |  |  |  | 199 |  |  |  | (225 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,141 |
Retiro Baixo |  |  | 195 |  |  |  | 13 |  |  |  | (7 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 201 |
UFV Janaúba Geração de Energia Elétrica Distribuída |  |  | 10 |  |  |  | 1 |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | (6 | ) |  |  | 3 |
UFV Corinto Geração de Energia Elétrica Distribuída |  |  | 10 |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 9 |
UFV Manga Geração de Energia Elétrica Distribuída |  |  | 11 |  |  |  | 2 |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 11 |
UFV Bonfinópolis II Geração de Energia Elétrica Distribuída |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |
UFV Lagoa Grande Geração de Energia Elétrica Distribuída |  |  | 15 |  |  |  | 2 |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15 |
UFV Lontra Geração de Energia Elétrica Distribuída |  |  | 17 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 18 |
UFV Mato Verde Geração de Energia Elétrica Distribuída |  |  | 6 |  |  |  | 1 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |
UFV Mirabela Geração de Energia Elétrica Distribuída |  |  | 4 |  |  |  | 1 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |
UFV Porteirinha I Geração de Energia Elétrica Distribuída |  |  | 6 |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |
UFV Porteirinha II Geração de Energia Elétrica Distribuída |  |  | 7 |  |  |  | 1 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7 |
UFV Brasilândia Geração de Energia Elétrica Distribuída (2) |  |  | — |  |  |  | 4 |  |  |  | (1 | ) |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 15 |
Axxiom Soluções Tecnológicas |  |  | 4 |  |  |  | (2 | ) |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 4 |
Total of investments |  |  | 5,415 |  |  |  | 337 |  |  |  | (654 | ) |  |  | 14 |  |  |  | — |  |  |  | (6 | ) |  |  | 5,106 |
Itaocara — equity déficit (1) |  |  | (30 | ) |  |  | 7 |  |  |  | — |  |  |  | 42 |  |  |  | (40 | ) |  |  | — |  |  |  | (21 | )
Madeira Energia (Santo Antônio Plant) — provisions to losses (3) |  |  | — |  |  |  | (162 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (162 | )
Total |  |  | 5,385 |  |  |  | 182 |  |  |  | (654 | ) |  |  | 56 |  |  |  | (40 | ) |  |  | (6 | ) |  |  | 4,923 |
| (1) | On December 1, 2021, the Company injected capital into UHE Itaocara S.A., to assist in compliance with the final Arbitration Ruling against the investee, given by the FGV in its Mediation and Arbitration Chamber, in the amount of R$40. This amount is proportional to its shareholding interest in the investee, and was recognized under Other expenses in the Company’s income statement. Further, R$1 was injected to cover the expenses specified in the 2021 budget of the investee.
| (2) | Includes the amount of R$2 of the acquisition of the jointly controlled subsidiary UFV Brasilândia.
| (3) | A loss was recognized for extension of the contractual obligations which the Company had assumed to the investee and the other shareholders. On December 31, 2021 this amount was R$162.There is more information below in this note.
Investee |  | 2019 |  | Gain (loss) by equity method (Income statement) (3) |  | Remeasurement of previously held equity interest in subsidiaries acquired (step-acquisition) |  | Dividends |  | Additions / acquisitions |  | Others |  | Disposals |  | 2020
Companhia de Transmissão Centroeste de Minas |  |  | 24 |  |  |  | — |  |  |  | 37 |  |  |  | — |  |  |  | 45 |  |  |  | 14 |  |  |  | (120 | ) |  |  | — |
Hidrelétrica Cachoeirão |  |  | 54 |  |  |  | 9 |  |  |  | — |  |  |  | (10 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 53 |
Guanhães Energia (1) |  |  | 131 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 131 |
Hidrelétrica Pipoca |  |  | 31 |  |  |  | 11 |  |  |  | — |  |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 36 |
Madeira Energia (Santo Antônio plant) |  |  | 167 |  |  |  | 42 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 209 |
FIP Melbourne (Santo Antônio plant) |  |  | 385 |  |  |  | (227 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 158 |
Lightger (1) |  |  | 128 |  |  |  | 10 |  |  |  | — |  |  |  | (7 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 131 |
Baguari Energia |  |  | 157 |  |  |  | 23 |  |  |  | — |  |  |  | (21 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 159 |
Amazônia Energia (Belo Monte plant) |  |  | 1,028 |  |  |  | (63 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 965 |
Aliança Norte (Belo Monte plant) |  |  | 671 |  |  |  | (40 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 631 |
Ativas Data Center |  |  | 16 |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17 |
Taesa |  |  | 1,213 |  |  |  | 494 |  |  |  | — |  |  |  | (240 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,467 |
Aliança Geração |  |  | 1,192 |  |  |  | 89 |  |  |  | — |  |  |  | (114 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,167 |
Retiro Baixo |  |  | 180 |  |  |  | 15 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 195 |
UFV Janaúba Geração de Energia Elétrica Distribuída |  |  | 10 |  |  |  | 1 |  |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10 |
UFV Corinto Geração de Energia Elétrica Distribuída |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | 10 |
UFV Manga Geração de Energia Elétrica Distribuída |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 10 |  |  |  | — |  |  |  | — |  |  |  | 11 |
UFV Bonfinópolis II Geração de Energia Elétrica Distribuída |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 6 |
UFV Lagoa Grande Geração de Energia Elétrica Distribuída |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 15 |
UFV Lontra Geração de Energia Elétrica Distribuída |  |  | — |  |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | 14 |  |  |  | — |  |  |  | — |  |  |  | 17 |
UFV Mato Verde Geração de Energia Elétrica Distribuída |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | — |  |  |  | 6 |
UFV Mirabela Geração de Energia Elétrica Distribuída |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 5 |  |  |  | (1 | ) |  |  | — |  |  |  | 4 |
UFV Porteirinha I Geração de Energia Elétrica Distribuída |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 6 |
UFV Porteirinha II Geração de Energia Elétrica Distribuída |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | — |  |  |  | 7 |
Axxiom Soluções Tecnológicas (1) |  |  | 13 |  |  |  | (9 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |
Total of investments |  |  | 5,400 |  |  |  | 366 |  |  |  | 37 |  |  |  | (399 | ) |  |  | 118 |  |  |  | 13 |  |  |  | (120 | ) |  |  | 5,415 |
Itaocara — equity déficit (2) |  |  | (22 | ) |  |  | (9 | ) |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | (30 | )
Total |  |  | 5,378 |  |  |  | 357 |  |  |  | 37 |  |  |  | (399 | ) |  |  | 119 |  |  |  | 13 |  |  |  | (120 | ) |  |  | 5,385 |
| (1) | With the loss of control of Light, the remaining equity interest in these investees was recognized as an investment in affiliates or jointly controlled subsidiaries, and measured by the equity method, in accordance with IFRS 10. More details see notes 1 and 32.
| (2) | On December 31, 2019, the investee had negative shareholders’ equity. Thus, after reducing the accounting value of its interest to zero, the Company recognized the provision for losses on investments, in the amount of R$22, resulting from contractual obligations assumed with the subsidiary and the other shareholders.
| (3) | Includes bargain purchase related to the acquisition of the joint-controlled entities UFV Corinto, UFV Manga, UFV Lagoa Grande, UFV Lontra, UFV Mato Verde and UFV Porteirinha II, in the amount of R$7.
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 |
| (1) | With the loss of control of Light, the remaining equity interest in these investees was recognized as an investment in affiliates or jointly controlled subsidiaries, and measured by the equity method, in accordance with IFRS 10. More details see notes 1 and 32.
| (2) | On December 31, 2019, the investee had negative shareholders’ equity. Thus, after reducing the accounting value of its interest to zero, the Company recognized the provision for losses on investments, in the amount of R$22, resulting from contractual obligations assumed with the subsidiary and the other shareholders.
Changes in dividends receivable are as follows: | Changes in dividends receivable are as follows:
|  | 2021 |  | 2020
Opening balances |  |  | 188 |  |  |  | 186 |
Dividends proposed by investees |  |  | 655 |  |  |  | 399 |
Elimination of dividends due to business combination |  |  | — |  |  |  | (1 | )
Adjustment of dividends proposed by investee classified as held for sale |  |  | — |  |  |  | (1 | )
Withholding income tax on Interest on equity |  |  | (9 | ) |  |  | (8 | )
Amounts received |  |  | (499 | ) |  |  | (387 | )
Ending balances |  |  | 335 |  |  |  | 188 |
Schedule of subsidiaries and jointly controlled entities percentage by the company’s ownership interest |
| c) | Main information on the subsidiaries, jointly controlled entities and affiliates, not adjusted for the percentage represented by the Company’s ownership interest:
Schedule of subsidiaries and jointly controlled entities percentage by the company’s ownership interest
|  |  |  | 2021 |  | 2020 |  | 2019
Investee |  | Number of shares |  | Cemig interest % |  | Share capital |  | Equity |  | Cemig interest % |  | Share capital |  | Equity |  | Cemig interest % |  | Share capital |  | Equity
Cemig Geração e Transmissão (3) |  |  | 2,896,785,358 |  |  |  | 100.00 |  |  |  | 4,124 |  |  |  | 7,755 |  |  |  | 100.00 |  |  |  | 4,000 |  |  |  | 5,842 |  |  |  | 100.00 |  |  |  | 2,600 |  |  |  | 5,348 |
Madeira Energia (Santo Antônio plant) (5) |  |  | 12,034,025,147 |  |  |  | 15.51 |  |  |  | 10,620 |  |  |  | 1,492 |  |  |  | 15.51 |  |  |  | 10,620 |  |  |  | 2,259 |  |  |  | 15.51 |  |  |  | 10,620 |  |  |  | 3,705 |
Hidrelétrica Cachoeirão |  |  | 35,000,000 |  |  |  | 49.00 |  |  |  | 35 |  |  |  | 120 |  |  |  | 49.00 |  |  |  | 35 |  |  |  | 110 |  |  |  | 49.00 |  |  |  | 35 |  |  |  | 110 |
Guanhães Energia (4) |  |  | 548,626,000 |  |  |  | 49.00 |  |  |  | 549 |  |  |  | 255 |  |  |  | 49.00 |  |  |  | 549 |  |  |  | 268 |  |  |  | 49.00 |  |  |  | 549 |  |  |  | 268 |
Hidrelétrica Pipoca |  |  | 41,360,000 |  |  |  | 49.00 |  |  |  | 41 |  |  |  | 95 |  |  |  | 49.00 |  |  |  | 41 |  |  |  | 73 |  |  |  | 49.00 |  |  |  | 41 |  |  |  | 63 |
Baguari Energia (1) |  |  | 26,157,300,278 |  |  |  | 69.39 |  |  |  | 187 |  |  |  | 243 |  |  |  | 69.39 |  |  |  | 187 |  |  |  | 229 |  |  |  | 69.39 |  |  |  | 187 |  |  |  | 227 |
Central Eólica Praias de Parajuru |  |  | 85,834,843 |  |  |  | 100.00 |  |  |  | 86 |  |  |  | 128 |  |  |  | 100.00 |  |  |  | 71 |  |  |  | 107 |  |  |  | 100.00 |  |  |  | 72 |  |  |  | 89 |
Central Eólica Volta do Rio |  |  | 274,867,441 |  |  |  | 100.00 |  |  |  | 275 |  |  |  | 207 |  |  |  | 100.00 |  |  |  | 117 |  |  |  | 171 |  |  |  | 100.00 |  |  |  | 139 |  |  |  | 58 |
Lightger (4) |  |  | 79,078,937 |  |  |  | 49.00 |  |  |  | 79 |  |  |  | 98 |  |  |  | 49.00 |  |  |  | 79 |  |  |  | 106 |  |  |  | 49.00 |  |  |  | 79 |  |  |  | 95 |
Aliança Norte (Belo Monte plant) |  |  | 41,923,360,811 |  |  |  | 49.00 |  |  |  | 1,209 |  |  |  | 1,148 |  |  |  | 49.00 |  |  |  | 1,209 |  |  |  | 1,189 |  |  |  | 49.00 |  |  |  | 1,208 |  |  |  | 1,266 |
Amazônia Energia (Belo Monte plant) (1) |  |  | 1,322,597,723 |  |  |  | 74.50 |  |  |  | 1,323 |  |  |  | 1,252 |  |  |  | 74.50 |  |  |  | 1,323 |  |  |  | 1,296 |  |  |  | 74.50 |  |  |  | 1,323 |  |  |  | 1,380 |
Aliança Geração |  |  | 1,291,582,500 |  |  |  | 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 |  |  |  | 346 |  |  |  | 49.90 |  |  |  | 225 |  |  |  | 325 |  |  |  | 49.90 |  |  |  | 225 |  |  |  | 300 |
Usina Hidrelétrica Itaocara S.A. |  |  | 156,259,500 |  |  |  | 49.00 |  |  |  | 156 |  |  |  | (42 | ) |  |  | 49.00 |  |  |  | 72 |  |  |  | (60 | ) |  |  | 49.00 |  |  |  | 69 |  |  |  | (45 | )
Cemig Ger.Três Marias S.A. |  |  | 1,291,423,369 |  |  |  | 100.00 |  |  |  | 1,291 |  |  |  | 1,652 |  |  |  | 100.00 |  |  |  | 1,291 |  |  |  | 1,452 |  |  |  | 100.00 |  |  |  | 1,291 |  |  |  | 1,408 |
Cemig Ger.Salto Grande S.A |  |  | 405,267,607 |  |  |  | 100.00 |  |  |  | 405 |  |  |  | 527 |  |  |  | 100.00 |  |  |  | 405 |  |  |  | 455 |  |  |  | 100.00 |  |  |  | 405 |  |  |  | 446 |
Cemig Ger. Itutinga S.A. |  |  | 151,309,332 |  |  |  | 100.00 |  |  |  | 151 |  |  |  | 212 |  |  |  | 100.00 |  |  |  | 151 |  |  |  | 180 |  |  |  | 100.00 |  |  |  | 151 |  |  |  | 184 |
Cemig Geração Camargos S.A. |  |  | 113,499,102 |  |  |  | 100.00 |  |  |  | 113 |  |  |  | 165 |  |  |  | 100.00 |  |  |  | 113 |  |  |  | 144 |  |  |  | 100.00 |  |  |  | 113 |  |  |  | 136 |
Cemig Geração Sul S.A. |  |  | 148,146,505 |  |  |  | 100.00 |  |  |  | 148 |  |  |  | 215 |  |  |  | 100.00 |  |  |  | 148 |  |  |  | 174 |  |  |  | 100.00 |  |  |  | 148 |  |  |  | 179 |
Cemig Geração Leste S.A. |  |  | 100,568,929 |  |  |  | 100.00 |  |  |  | 101 |  |  |  | 148 |  |  |  | 100.00 |  |  |  | 101 |  |  |  | 127 |  |  |  | 100.00 |  |  |  | 101 |  |  |  | 127 |
Cemig Geração Oeste S.A. |  |  | 60,595,484 |  |  |  | 100.00 |  |  |  | 61 |  |  |  | 106 |  |  |  | 100.00 |  |  |  | 61 |  |  |  | 84 |  |  |  | 100.00 |  |  |  | 61 |  |  |  | 73 |
Rosal Energia S.A. |  |  | 46,944,467 |  |  |  | 100.00 |  |  |  | 47 |  |  |  | 115 |  |  |  | 100.00 |  |  |  | 47 |  |  |  | 127 |  |  |  | 100.00 |  |  |  | 47 |  |  |  | 128 |
Sá Carvalho S.A. |  |  | 361,200,000 |  |  |  | 100.00 |  |  |  | 37 |  |  |  | 134 |  |  |  | 100.00 |  |  |  | 37 |  |  |  | 115 |  |  |  | 100.00 |  |  |  | 37 |  |  |  | 124 |
Horizontes Energia S.A. |  |  | 39,257,563 |  |  |  | 100.00 |  |  |  | 39 |  |  |  | 60 |  |  |  | 100.00 |  |  |  | 39 |  |  |  | 55 |  |  |  | 100.00 |  |  |  | 39 |  |  |  | 57 |
Cemig PCH S.A. |  |  | 45,952,000 |  |  |  | 100.00 |  |  |  | 46 |  |  |  | 90 |  |  |  | 100.00 |  |  |  | 46 |  |  |  | 90 |  |  |  | 100.00 |  |  |  | 46 |  |  |  | 98 |
Cemig Geração Poço Fundo S.A. (2) |  |  | 97,161,578 |  |  |  | 100.00 |  |  |  | 97 |  |  |  | 114 |  |  |  | 100.00 |  |  |  | 1 |  |  |  | 4 |  |  |  | 100.00 |  |  |  | 1 |  |  |  | 4 |
Empresa de Serviços de Comercialização de Energia Elétrica S.A. |  |  | 486,000 |  |  |  | 100.00 |  |  |  | — |  |  |  | 8 |  |  |  | 100.00 |  |  |  | — |  |  |  | 57 |  |  |  | 100.00 |  |  |  | — |  |  |  | 28 |
Cemig Trading S.A. |  |  | 1,000,000 |  |  |  | 100.00 |  |  |  | 1 |  |  |  | 2 |  |  |  | 100.00 |  |  |  | 1 |  |  |  | 30 |  |  |  | 100.00 |  |  |  | 1 |  |  |  | 31 |
Cemig Distribuição |  |  | 2,359,113,452 |  |  |  | 100.00 |  |  |  | 5,372 |  |  |  | 6,943 |  |  |  | 100.00 |  |  |  | 5,372 |  |  |  | 6,022 |  |  |  | 100.00 |  |  |  | 5,372 |  |  |  | 4,708 |
TAESA |  |  | 1,033,496,721 |  |  |  | 21.68 |  |  |  | 3,042 |  |  |  | 6,685 |  |  |  | 21.68 |  |  |  | 3,042 |  |  |  | 6,026 |  |  |  | 21.68 |  |  |  | 3,042 |  |  |  | 4,927 |
Ativas Data Center |  |  | 456,540,718 |  |  |  | 19.60 |  |  |  | 182 |  |  |  | 80 |  |  |  | 19.60 |  |  |  | 182 |  |  |  | 86 |  |  |  | 19.60 |  |  |  | 182 |  |  |  | 82 |
Gasmig |  |  | 409,255,483 |  |  |  | 99.57 |  |  |  | 665 |  |  |  | 1,222 |  |  |  | 99.57 |  |  |  | 665 |  |  |  | 1,079 |  |  |  | 99.57 |  |  |  | 665 |  |  |  | 988 |
Cemig Sim |  |  | 24,431,845 |  |  |  | 100.00 |  |  |  | 102 |  |  |  | 111 |  |  |  | 100.00 |  |  |  | 24 |  |  |  | 94 |  |  |  | 100.00 |  |  |  | 15 |  |  |  | 17 |
Companhia de Transmissão Centroeste de Minas |  |  | 28,000,000 |  |  |  | 100.00 |  |  |  | 28 |  |  |  | — |  |  |  | 51.00 |  |  |  | 28 |  |  |  | 118 |  |  |  | 51.00 |  |  |  | 28 |  |  |  | 47 |
Sete Lagoas Transmissora de Energia |  |  | 36,857,080 |  |  |  | 100.00 |  |  |  | 37 |  |  |  | 65 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Axxiom Soluções Tecnológicas |  |  | 68,064,706 |  |  |  | 49.00 |  |  |  | 68 |  |  |  | 9 |  |  |  | 49.00 |  |  |  | 65 |  |  |  | 9 |  |  |  | 49.00 |  |  |  | 58 |  |  |  | 27 |
UFV Janaúba Geração de Energia Elétrica Distribuída |  |  | 18,509,900 |  |  |  | 49.00 |  |  |  | 7 |  |  |  | 5 |  |  |  | 49.00 |  |  |  | 19 |  |  |  | 22 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Corinto Geração de Energia Elétrica Distribuída |  |  | 18,000,000 |  |  |  | 49.00 |  |  |  | 18 |  |  |  | 19 |  |  |  | 49.00 |  |  |  | 18 |  |  |  | 20 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Manga Geração de Energia Elétrica Distribuída |  |  | 21,660,575 |  |  |  | 49.00 |  |  |  | 21 |  |  |  | 22 |  |  |  | 49.00 |  |  |  | 21 |  |  |  | 24 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Bonfinópolis Geração de Energia Elétrica Distribuída |  |  | 13,197,187 |  |  |  | 49.00 |  |  |  | 13 |  |  |  | 13 |  |  |  | 49.00 |  |  |  | 13 |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Lagoa Grande Geração de Energia Elétrica Distribuída |  |  | 25,471,844 |  |  |  | 49.00 |  |  |  | 25 |  |  |  | 26 |  |  |  | 49.00 |  |  |  | 25 |  |  |  | 26 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Lontra Geração de Energia Elétrica Distribuída |  |  | 29,010,219 |  |  |  | 49.00 |  |  |  | 29 |  |  |  | 29 |  |  |  | 49.00 |  |  |  | 29 |  |  |  | 29 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Mato Verde Geração de Energia Elétrica Distribuída |  |  | 11,030,391 |  |  |  | 49.00 |  |  |  | 11 |  |  |  | 11 |  |  |  | 49.00 |  |  |  | 11 |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Mirabela Geração de Energia Elétrica Distribuída |  |  | 9,320,875 |  |  |  | 49.00 |  |  |  | 9 |  |  |  | 9 |  |  |  | 49.00 |  |  |  | 9 |  |  |  | 9 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Porteirinha I Geração de Energia Elétrica Distribuída |  |  | 12,348,392 |  |  |  | 49.00 |  |  |  | 12 |  |  |  | 13 |  |  |  | 49.00 |  |  |  | 12 |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Porteirinha II Geração de Energia Elétrica Distribuída |  |  | 11,702,733 |  |  |  | 49.00 |  |  |  | 12 |  |  |  | 12 |  |  |  | 49.00 |  |  |  | 12 |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | — |
UFV Brasilândia Geração de Energia Elétrica Distribuída |  |  | 25.629.900 |  |  |  | 49,00 |  |  |  | 26 |  |  |  | 27 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
* On November 11, 2021, Cemig GT signed a Contract for Share Purchase and Assignment of Credits for Consideration, for disposal of its entire equity interest in Renova Energia S.A., and for assignment, for consideration, of the totality of its credits held against that investee. Thus the investment was classified as a non-current asset held for sale. For more information, see Note 32.
| (1) | Jointly-control under a Shareholders’ Agreement.
| (2) | On February 23, 2021, Aneel authorized through Resolution 9,735 the Company transfer of ownership of the concession of the Poço Fundo Small Hydro Plant from Cemig Geração e Transmissão S.A. to Cemig Geração Poço Fundo S.A. The transfer was formalized by signature of a new concession contract, Nº. 01/2021, on April 16, 2021. In the third quarter, Cemig GT transferred to this investee, as an advance against future capital increase, the assets related to the Poço Fundo Small Hydro Plant, in the amount of R$77, as well as the amount of R$20, in cash. In the fourth quarter of 2021 the Company made a further injection, of R$40, into this investee, in cash.
| (3) | On July 30, 2021, the Company made an advance for future capital increase in Cemig GT, of R$1,350, in order to provide the resources for the Cash Tender offer implementation. For further information about the Tender Offer, please see Note 22.
| (4) | On December 9, 2021, Light disclosed to the market that it had signed a share purchase agreement with Brasal Energia S.A. for sale of its equity interest in Guanhães and LightGer, subject to the conditions precedent that are usual in this type of transaction. Brasal Energia S.A will join this investee existing shareholders’ agreements, complying fully with their terms.
| (5) | The total of Shareholders’ equity originally disclosed by the investee was adjusted by the Company for the purposes of posting equity income (change in the value of equity in non-consolidated investees), to take into account the modifying subsequent events resulting from the judgments given in the arbitration proceedings to which Saesa is a party. There is more information below in this note.
Schedule of summarized financial information of the company’s equity investees | The main balances for the affiliated and jointly controlled entities, at December 31, 2021, 2020 and 2019, are as follows: Schedule of summarized financial information of the company’s equity investees
2021 |  | Hidrelétrica Itaocara S.A. |  | Ativas Data Center |  | Taesa |  | Axxiom Soluções Tecnológicas |  | Lightger |  | Hidrelétrica Cachoeirão
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 5 |  |  |  | 42 |  |  |  | 2,135 |  |  |  | 13 |  |  |  | 35 |  |  |  | 29 |
Cash and cash equivalents |  |  | 5 |  |  |  | 16 |  |  |  | 385 |  |  |  | 4 |  |  |  | 29 |  |  |  | 25 |
Non-current |  |  | 11 |  |  |  | 96 |  |  |  | 13,761 |  |  |  | 19 |  |  |  | 120 |  |  |  | 93 |
Total assets |  |  | 16 |  |  |  | 138 |  |  |  | 15,896 |  |  |  | 32 |  |  |  | 155 |  |  |  | 122 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 58 |  |  |  | 39 |  |  |  | 1,417 |  |  |  | 21 |  |  |  | 11 |  |  |  | 1 |
Loans and financings |  |  | — |  |  |  | 24 |  |  |  | 16 |  |  |  | 7 |  |  |  | 9 |  |  |  | — |
Non-current |  |  | — |  |  |  | 19 |  |  |  | 7,794 |  |  |  | 2 |  |  |  | 46 |  |  |  | 1 |
Loans and financings |  |  | — |  |  |  | 14 |  |  |  | 614 |  |  |  | — |  |  |  | 46 |  |  |  | — |
Equity |  |  | (42 | ) |  |  | 80 |  |  |  | 6,685 |  |  |  | 9 |  |  |  | 98 |  |  |  | 120 |
Total liabilities and equity |  |  | 16 |  |  |  | 138 |  |  |  | 15,896 |  |  |  | 32 |  |  |  | 155 |  |  |  | 122 |
Statement of income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales revenue |  |  | — |  |  |  | 90 |  |  |  | 3,472 |  |  |  | 28 |  |  |  | 54 |  |  |  | 37 |
Cost of sales |  |  | (36 | ) |  |  | (85 | ) |  |  | (649 | ) |  |  | (28 | ) |  |  | (26 | ) |  |  | (8 | )
Depreciation and amortization |  |  | — |  |  |  | (10 | ) |  |  | (9 | ) |  |  | (1 | ) |  |  | (11 | ) |  |  | (3 | )
Gross profit (loss) |  |  | (36 | ) |  |  | 5 |  |  |  | 2,823 |  |  |  | — |  |  |  | 28 |  |  |  | 29 |
General and administrative expenses |  |  | — |  |  |  | (7 | ) |  |  | (169 | ) |  |  | (4 | ) |  |  | (1 | ) |  |  | — |
Finance income |  |  | — |  |  |  | — |  |  |  | 34 |  |  |  | — |  |  |  | 2 |  |  |  | 2 |
Finance expenses |  |  | (30 | ) |  |  | (3 | ) |  |  | (844 | ) |  |  | (1 | ) |  |  | (11 | ) |  |  | — |
Operational profit (loss) |  |  | (66 | ) |  |  | (5 | ) |  |  | 1,844 |  |  |  | (5 | ) |  |  | 18 |  |  |  | 31 |
Share of (loss) profit, net, of subsidiaries and joint ventures |  |  | — |  |  |  | — |  |  |  | 781 |  |  |  | — |  |  |  | — |  |  |  | — |
Income tax and social contribution tax |  |  | — |  |  |  | — |  |  |  | (411 | ) |  |  | — |  |  |  | (3 | ) |  |  | (2 | )
Net income (loss) for the year |  |  | (66 | ) |  |  | (5 | ) |  |  | 2,214 |  |  |  | (5 | ) |  |  | 15 |  |  |  | 29 |
Comprehensive income (loss) for the year |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) for the year |  |  | (66 | ) |  |  | (5 | ) |  |  | (2,214 | ) |  |  | (5 | ) |  |  | 15 |  |  |  | 29 |
Valuation adjustments |  |  | — |  |  |  | — |  |  |  | 37 |  |  |  | — |  |  |  | — |  |  |  | — |
Comprehensive income (loss) for the year |  |  | (66 | ) |  |  | (5 | ) |  |  | 2,251 |  |  |  | (5 | ) |  |  | 15 |  |  |  | 29 |
2021 |  | Hidrelétrica Pipoca |  | Retiro Baixo |  | Aliança Norte |  | Guanhães Energia |  | Amazônia Energia |  | Madeira Energia (1) |  | Baguari Energia
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 18 |  |  |  | 111 |  |  |  | — |  |  |  | 15 |  |  |  | — |  |  |  | 928 |  |  |  | 72 |
Cash and cash equivalents |  |  | 12 |  |  |  | 99 |  |  |  | — |  |  |  | 5 |  |  |  | — |  |  |  | 180 |  |  |  | 3 |
Non-current |  |  | 101 |  |  |  | 322 |  |  |  | 1,150 |  |  |  | 392 |  |  |  | 1,254 |  |  |  | 23,286 |  |  |  | 218 |
Total assets |  |  | 119 |  |  |  | 433 |  |  |  | 1,150 |  |  |  | 407 |  |  |  | 1,254 |  |  |  | 24,214 |  |  |  | 290 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 10 |  |  |  | 38 |  |  |  | — |  |  |  | 41 |  |  |  | 2 |  |  |  | 2,309 |  |  |  | 21 |
Loans and financings |  |  | 7 |  |  |  | 14 |  |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | 116 |  |  |  | — |
Non-current |  |  | 14 |  |  |  | 49 |  |  |  | 2 |  |  |  | 111 |  |  |  | — |  |  |  | 20,413 |  |  |  | 26 |
Loans and financings |  |  | 13 |  |  |  | 41 |  |  |  | — |  |  |  | 93 |  |  |  | — |  |  |  | 12,828 |  |  |  | — |
Equity |  |  | 95 |  |  |  | 346 |  |  |  | 1,148 |  |  |  | 255 |  |  |  | 1,252 |  |  |  | 1,492 |  |  |  | 243 |
Total liabilities and equity |  |  | 119 |  |  |  | 433 |  |  |  | 1,150 |  |  |  | 407 |  |  |  | 1,254 |  |  |  | 24,214 |  |  |  | 290 |
Statement of income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales revenue |  |  | 39 |  |  |  | 70 |  |  |  | — |  |  |  | 52 |  |  |  | — |  |  |  | 3,758 |  |  |  | 77 |
Cost of sales |  |  | (11 | ) |  |  | (25 | ) |  |  | — |  |  |  | (55 | ) |  |  | (2 | ) |  |  | (2,292 | ) |  |  | (9 | )
Depreciation and amortization |  |  | (3 | ) |  |  | (9 | ) |  |  | — |  |  |  | (18 | ) |  |  | — |  |  |  | (870 | ) |  |  | (11 | )
Gross profit (loss) |  |  | 28 |  |  |  | 45 |  |  |  | — |  |  |  | (3 | ) |  |  | (2 | ) |  |  | 1,466 |  |  |  | 68 |
General and administrative expenses |  |  | (2 | ) |  |  | (3 | ) |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | (80 | ) |  |  | — |
Finance income |  |  | — |  |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 265 |  |  |  | 4 |
Finance expenses |  |  | (2 | ) |  |  | (5 | ) |  |  | — |  |  |  | (8 | ) |  |  | — |  |  |  | (3,476 | ) |  |  | (4 | )
Operational profit (loss) |  |  | 24 |  |  |  | 41 |  |  |  | (2 | ) |  |  | (11 | ) |  |  | (2 | ) |  |  | (1,825 | ) |  |  | 68 |
Share of (loss) profit, net, of subsidiaries and joint ventures |  |  | — |  |  |  | — |  |  |  | (39 | ) |  |  | — |  |  |  | (42 | ) |  |  | — |  |  |  | — |
Income tax and social contribution tax |  |  | (1 | ) |  |  | (13 | ) |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | 1,812 |  |  |  | (23 | )
Net income (loss) for the year |  |  | 23 |  |  |  | 28 |  |  |  | (41 | ) |  |  | (13 | ) |  |  | (44 | ) |  |  | (13 | ) |  |  | 45 |
Comprehensive income (loss) for the year |  |  | 23 |  |  |  | 28 |  |  |  | (41 | ) |  |  | (13 | ) |  |  | (44 | ) |  |  | (79 | ) |  |  | 45 |
| (1) | The amount of Shareholders’ equity originally disclosed by the investee was adjusted by the Company for the purposes of posting equity income (change in the value of equity in non-consolidated investees), to take into account the modifying subsequent events resulting from the judgments given in the arbitration proceedings to which Saesa is a party. There is more information below in this note.
2021 |  | Aliança Geração |  | UFV Janaúba |  | UFV Corinto |  | UFV Manga |  | UFV Bonfinópolis II |  | UFV Lagoa Grande
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 728 |  |  |  | 1 |  |  |  | 3 |  |  |  | 3 |  |  |  | 2 |  |  |  | 3 |
Cash and cash equivalents |  |  | 378 |  |  |  | 1 |  |  |  | 2 |  |  |  | 2 |  |  |  | 2 |  |  |  | 3 |
Non-current |  |  | 3,364 |  |  |  | 18 |  |  |  | 17 |  |  |  | 20 |  |  |  | 12 |  |  |  | 23 |
Total assets |  |  | 4,092 |  |  |  | 19 |  |  |  | 20 |  |  |  | 23 |  |  |  | 14 |  |  |  | 26 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 762 |  |  |  | 2 |  |  |  | 1 |  |  |  | 1 |  |  |  | 1 |  |  |  | — |
Loans and financings |  |  | 101 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Non-current |  |  | 1,472 |  |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loans and financings |  |  | 700 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Equity |  |  | 1,858 |  |  |  | 5 |  |  |  | 19 |  |  |  | 22 |  |  |  | 13 |  |  |  | 26 |
Total liabilities and equity |  |  | 4,092 |  |  |  | 19 |  |  |  | 20 |  |  |  | 23 |  |  |  | 14 |  |  |  | 26 |
Statement of income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales revenue |  |  | 1,096 |  |  |  | 5 |  |  |  | 4 |  |  |  | 6 |  |  |  | 3 |  |  |  | 6 |
Cost of sales |  |  | (102 | ) |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Depreciation and amortization |  |  | (157 | ) |  |  | (2 | ) |  |  | (1 | ) |  |  | (1 | ) |  |  | — |  |  |  | (1 | )
Gross profit (loss) |  |  | 994 |  |  |  | 3 |  |  |  | 4 |  |  |  | 6 |  |  |  | 3 |  |  |  | 6 |
General and administrative expenses |  |  | (44 | ) |  |  | — |  |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | )
Finance income |  |  | 41 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Finance expenses |  |  | (233 | ) |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Operational profit (loss) |  |  | 758 |  |  |  | 2 |  |  |  | 3 |  |  |  | 5 |  |  |  | 2 |  |  |  | 5 |
Income tax and social contribution tax |  |  | (252 | ) |  |  | (1 | ) |  |  | — |  |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | )
Net income (loss) for the year |  |  | 506 |  |  |  | 1 |  |  |  | 3 |  |  |  | 4 |  |  |  | 1 |  |  |  | 4 |
Comprehensive income (loss) for the year |  |  | 506 |  |  |  | 1 |  |  |  | 3 |  |  |  | 4 |  |  |  | 1 |  |  |  | 4 |
2021 |  | UFV Lontra |  | UFV Mato Verde |  | UFV Mirabela |  | UFV Porteirinha I |  | UFV Porteirinha II |  | UFV Brasilândia
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 4 |  |  |  | 1 |  |  |  | 1 |  |  |  | 3 |  |  |  | 1 |  |  |  | 3 |
Cash and cash equivalents |  |  | 3 |  |  |  | 1 |  |  |  | 1 |  |  |  | 2 |  |  |  | — |  |  |  | 2 |
Non-current |  |  | 26 |  |  |  | 11 |  |  |  | 9 |  |  |  | 11 |  |  |  | 12 |  |  |  | 27 |
Total assets |  |  | 30 |  |  |  | 12 |  |  |  | 10 |  |  |  | 14 |  |  |  | 13 |  |  |  | 30 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 1 |  |  |  | 1 |  |  |  | 1 |  |  |  | 1 |  |  |  | 1 |  |  |  | 3 |
Equity |  |  | 29 |  |  |  | 11 |  |  |  | 9 |  |  |  | 13 |  |  |  | 12 |  |  |  | 27 |
Total liabilities and equity |  |  | 30 |  |  |  | 12 |  |  |  | 10 |  |  |  | 14 |  |  |  | 13 |  |  |  | 30 |
Statement of income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales revenue |  |  | 5 |  |  |  | 3 |  |  |  | 2 |  |  |  | 2 |  |  |  | 3 |  |  |  | 5 |
Depreciation and amortization |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Gross profit (loss) |  |  | 5 |  |  |  | 3 |  |  |  | 2 |  |  |  | 2 |  |  |  | 3 |  |  |  | 5 |
General and administrative expenses |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | ) |  |  | — |  |  |  | (1 | ) |  |  | (1 | )
Operational profit (loss) |  |  | 4 |  |  |  | 2 |  |  |  | 1 |  |  |  | 2 |  |  |  | 2 |  |  |  | 4 |
Income tax and social contribution tax |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Net income (loss) for the year |  |  | 3 |  |  |  | 2 |  |  |  | 1 |  |  |  | 2 |  |  |  | 2 |  |  |  | 3 |
Comprehensive income (loss) for the year |  |  | 3 |  |  |  | 2 |  |  |  | 1 |  |  |  | 2 |  |  |  | 2 |  |  |  | 3 |
2020 |  | Hidrelétrica Itaocara S.A. |  | Ativas Data Center |  | Taesa |  | Axxiom Soluções Tecnológicas |  | Lightger |  | Hidrelétrica Cachoeirão
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 3 |  |  |  | 39 |  |  |  | 2,360 |  |  |  | 20 |  |  |  | 103 |  |  |  | 30 |
Cash and cash equivalents |  |  | 2 |  |  |  | 12 |  |  |  | 896 |  |  |  | 3 |  |  |  | 80 |  |  |  | 26 |
Non-current |  |  | 10 |  |  |  | 104 |  |  |  | 11,745 |  |  |  | 21 |  |  |  | 129 |  |  |  | 80 |
Total assets |  |  | 13 |  |  |  | 143 |  |  |  | 14,105 |  |  |  | 41 |  |  |  | 232 |  |  |  | 110 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 73 |  |  |  | 39 |  |  |  | 841 |  |  |  | 25 |  |  |  | 72 |  |  |  | 2 |
Loans and financings |  |  | — |  |  |  | 27 |  |  |  | 121 |  |  |  | 7 |  |  |  | 9 |  |  |  | — |
Non-current |  |  | — |  |  |  | 18 |  |  |  | 7,238 |  |  |  | 7 |  |  |  | 54 |  |  |  | — |
Loans and financings |  |  | — |  |  |  | 16 |  |  |  | 923 |  |  |  | 1 |  |  |  | 54 |  |  |  | — |
Equity |  |  | (60 | ) |  |  | 86 |  |  |  | 6,026 |  |  |  | 9 |  |  |  | 106 |  |  |  | 108 |
Total liabilities and equity |  |  | 13 |  |  |  | 143 |  |  |  | 14,105 |  |  |  | 41 |  |  |  | 232 |  |  |  | 110 |
Statement of income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales revenue |  |  | — |  |  |  | 94 |  |  |  | 3,561 |  |  |  | 41 |  |  |  | 52 |  |  |  | 34 |
Cost of sales |  |  | (13 | ) |  |  | (78 | ) |  |  | (1,048 | ) |  |  | (38 | ) |  |  | (9 | ) |  |  | (15 | )
Depreciation and amortization |  |  | — |  |  |  | (15 | ) |  |  | (7 | ) |  |  | (2 | ) |  |  | (11 | ) |  |  | (3 | )
Gross profit (loss) |  |  | (13 | ) |  |  | 16 |  |  |  | 2,513 |  |  |  | 3 |  |  |  | 43 |  |  |  | 19 |
General and administrative expenses |  |  | — |  |  |  | (8 | ) |  |  | (153 | ) |  |  | (5 | ) |  |  | (1 | ) |  |  | — |
Finance income |  |  | — |  |  |  | — |  |  |  | 39 |  |  |  | — |  |  |  | 2 |  |  |  | 1 |
Finance expenses |  |  | (5 | ) |  |  | (3 | ) |  |  | (514 | ) |  |  | (1 | ) |  |  | (16 | ) |  |  | — |
Operational profit (loss) |  |  | (18 | ) |  |  | 5 |  |  |  | 1,885 |  |  |  | (3 | ) |  |  | 28 |  |  |  | 20 |
Share of (loss) profit, net, of subsidiaries and joint ventures |  |  | — |  |  |  | — |  |  |  | 834 |  |  |  | — |  |  |  | — |  |  |  | — |
Income tax and social contribution tax |  |  | — |  |  |  | (2 | ) |  |  | (456 | ) |  |  | — |  |  |  | (2 | ) |  |  | (1 | )
Net income (loss) for the year |  |  | (18 | ) |  |  | 3 |  |  |  | 2,263 |  |  |  | (3 | ) |  |  | 26 |  |  |  | 19 |
Comprehensive income (loss) for the year |  |  | (18 | ) |  |  | 3 |  |  |  | 2,263 |  |  |  | (3 | ) |  |  | 26 |  |  |  | 19 |
2020 |  | Hidrelétrica Pipoca |  | Retiro Baixo |  | Aliança Norte |  | Guanhães Energia |  | Amazônia Energia |  | Renova |  | Madeira Energia
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 21 |  |  |  | 87 |  |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | 998 |  |  |  | 945 |
Cash and cash equivalents |  |  | 8 |  |  |  | 74 |  |  |  | — |  |  |  | 6 |  |  |  | — |  |  |  | 29 |  |  |  | 263 |
Non-current |  |  | 89 |  |  |  | 331 |  |  |  | 1,189 |  |  |  | 405 |  |  |  | 1,296 |  |  |  | 1,299 |  |  |  | 21,370 |
Total assets |  |  | 110 |  |  |  | 418 |  |  |  | 1,189 |  |  |  | 418 |  |  |  | 1,296 |  |  |  | 2,297 |  |  |  | 22,315 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 17 |  |  |  | 30 |  |  |  | — |  |  |  | 27 |  |  |  | — |  |  |  | 725 |  |  |  | 1,150 |
Loans and financings |  |  | 7 |  |  |  | 14 |  |  |  | — |  |  |  | 12 |  |  |  | — |  |  |  | 380 |  |  |  | 108 |
Non-current |  |  | 20 |  |  |  | 63 |  |  |  | — |  |  |  | 123 |  |  |  | — |  |  |  | 2,680 |  |  |  | 18,906 |
Loans and financings |  |  | 20 |  |  |  | 55 |  |  |  | — |  |  |  | 106 |  |  |  | — |  |  |  | 1,083 |  |  |  | 4,902 |
Equity |  |  | 73 |  |  |  | 325 |  |  |  | 1,189 |  |  |  | 268 |  |  |  | 1,296 |  |  |  | (1,108 | ) |  |  | 2,259 |
Total liabilities and equity |  |  | 110 |  |  |  | 418 |  |  |  | 1,189 |  |  |  | 418 |  |  |  | 1,296 |  |  |  | 2,297 |  |  |  | 22,315 |
Statement of income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales revenue |  |  | 33 |  |  |  | 73 |  |  |  | — |  |  |  | 49 |  |  |  | — |  |  |  | 70 |  |  |  | 3,200 |
Cost of sales |  |  | (6 | ) |  |  | (29 | ) |  |  | — |  |  |  | (36 | ) |  |  | — |  |  |  | (46 | ) |  |  | (2,720 | )
Depreciation and amortization |  |  | (3 | ) |  |  | (11 | ) |  |  | — |  |  |  | (17 | ) |  |  | — |  |  |  | (7 | ) |  |  | (869 | )
Gross profit (loss) |  |  | 27 |  |  |  | 44 |  |  |  | — |  |  |  | 13 |  |  |  | — |  |  |  | 24 |  |  |  | 480 |
General and administrative expenses |  |  | (1 | ) |  |  | (4 | ) |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | (122 | ) |  |  | (82 | )
Finance income |  |  | — |  |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 258 |
Finance expenses |  |  | (2 | ) |  |  | (6 | ) |  |  | — |  |  |  | (10 | ) |  |  | — |  |  |  | 26 |  |  |  | (2,112 | )
Operational profit (loss) |  |  | 24 |  |  |  | 36 |  |  |  | (1 | ) |  |  | 3 |  |  |  | — |  |  |  | (72 | ) |  |  | (1,456 | )
Share of (loss) profit, net, of subsidiaries and joint ventures |  |  | — |  |  |  | — |  |  |  | (77 | ) |  |  | — |  |  |  | (84 | ) |  |  | 95 |  |  |  | — |
Income tax and social contribution tax |  |  | (2 | ) |  |  | (3 | ) |  |  | — |  |  |  | (2 | ) |  |  | — |  |  |  | (1 | ) |  |  | 10 |
Net income (loss) for the year |  |  | 22 |  |  |  | 33 |  |  |  | (78 | ) |  |  | 1 |  |  |  | (84 | ) |  |  | 22 |  |  |  | (1,446 | )
Comprehensive income (loss) for the year |  |  | 22 |  |  |  | 33 |  |  |  | (78 | ) |  |  | 1 |  |  |  | (84 | ) |  |  | 22 |  |  |  | (1,446 | )
2020 |  | Baguari Energia |  | Aliança Geração |  | UFV Janaúba |  | UFV Corinto |  | UFV Manga |  | UFV Bonfinópolis II
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 63 |  |  |  | 805 |  |  |  | 3 |  |  |  | 2 |  |  |  | 1 |  |  |  | — |
Cash and cash equivalents |  |  | 10 |  |  |  | 385 |  |  |  | 2 |  |  |  | 1 |  |  |  | — |  |  |  | — |
Non-current |  |  | 209 |  |  |  | 2,461 |  |  |  | 19 |  |  |  | 18 |  |  |  | 23 |  |  |  | 13 |
Total assets |  |  | 272 |  |  |  | 3,266 |  |  |  | 22 |  |  |  | 20 |  |  |  | 24 |  |  |  | 13 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 22 |  |  |  | 503 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loans and financings |  |  | — |  |  |  | 19 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  |  |
Non-current |  |  | 21 |  |  |  | 905 |  |  |  | — |  |  |  | 1 |  |  |  | 2 |  |  |  | — |
Loans and financings |  |  | — |  |  |  | 261 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Equity |  |  | 229 |  |  |  | 1,858 |  |  |  | 22 |  |  |  | 19 |  |  |  | 22 |  |  |  | 13 |
Total liabilities and equity |  |  | 272 |  |  |  | 3,266 |  |  |  | 22 |  |  |  | 20 |  |  |  | 24 |  |  |  | 13 |
Statement of income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales revenue |  |  | 73 |  |  |  | 1,042 |  |  |  | — |  |  |  | 3 |  |  |  | 3 |  |  |  | — |
Cost of sales |  |  | (30 | ) |  |  | (580 | ) |  |  | 3 |  |  |  | — |  |  |  | — |  |  |  | — |
Depreciation and amortization |  |  | (11 | ) |  |  | (154 | ) |  |  | (1 | ) |  |  | (1 | ) |  |  | (1 | ) |  |  | — |
Gross profit (loss) |  |  | 43 |  |  |  | 462 |  |  |  | 3 |  |  |  | 3 |  |  |  | 3 |  |  |  | — |
General and administrative expenses |  |  | 5 |  |  |  | (47 | ) |  |  | — |  |  |  | (1 | ) |  |  | (2 | ) |  |  | — |
Finance income |  |  | 2 |  |  |  | 28 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Finance expenses |  |  | (1 | ) |  |  | (63 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Operational profit (loss) |  |  | 49 |  |  |  | 380 |  |  |  | 3 |  |  |  | 2 |  |  |  | 1 |  |  |  | — |
Share of (loss) profit, net, of subsidiaries and joint ventures |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Income tax and social contribution tax |  |  | (17 | ) |  |  | (126 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) for the year |  |  | 32 |  |  |  | 254 |  |  |  | 3 |  |  |  | 2 |  |  |  | 1 |  |  |  | — |
Comprehensive income (loss) for the year |  |  | 32 |  |  |  | 254 |  |  |  | 3 |  |  |  | 2 |  |  |  | 1 |  |  |  | — |
2020 |  | UFV Lagoa Grande |  | UFV Lontra |  | UFV Mato Verde |  | UFV Mirabela |  | UFV Porteirinha I |  | UFV Porteirinha II
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 2 |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | 1 |  |  |  | — |
Cash and cash equivalents |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Non-current |  |  | 24 |  |  |  | 29 |  |  |  | 11 |  |  |  | 9 |  |  |  | 12 |  |  |  | 12 |
Total assets |  |  | 26 |  |  |  | 29 |  |  |  | 12 |  |  |  | 9 |  |  |  | 13 |  |  |  | 12 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Non-current |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Equity |  |  | 26 |  |  |  | 27 |  |  |  | 12 |  |  |  | 9 |  |  |  | 13 |  |  |  | 12 |
Total liabilities and equity |  |  | 26 |  |  |  | 29 |  |  |  | 12 |  |  |  | 9 |  |  |  | 13 |  |  |  | 12 |
Statement of income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales revenue |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
Cost of sales |  |  | — |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Gross profit (loss) |  |  | 2 |  |  |  | (1 | ) |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
General and administrative expenses |  |  | (1 | ) |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Operational profit (loss) |  |  | 1 |  |  |  | (2 | ) |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | (1 | )
Income tax and social contribution tax |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Net income (loss) for the year |  |  | 1 |  |  |  | (2 | ) |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
Comprehensive income (loss) for the year |  |  | 1 |  |  |  | (2 | ) |  |  | — |  |  |  | 1 |  |  |  | — |  |  |  | — |
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 |  |  | 3 |  |  |  | 13 |  |  |  | 10 |  |  |  | 8 |  |  |  | — |  |  |  | 7 |  |  |  | 14 |  |  |  | — |
Non-current |  |  | 11 |  |  |  | 34 |  |  |  | 5,307 |  |  |  | 5 |  |  |  | — |  |  |  | 26 |  |  |  | 77 |  |  |  | — |
Loans and financings |  |  | 8 |  |  |  | 31 |  |  |  | 4,159 |  |  |  | — |  |  |  | — |  |  |  | 26 |  |  |  | 68 |  |  |  | — |
Equity |  |  | 47 |  |  |  | 82 |  |  |  | 4,927 |  |  |  | 27 |  |  |  | 110 |  |  |  | 63 |  |  |  | 300 |  |  |  | 1,266 |
Total liabilities and equity |  |  | 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 (restated) |  | 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 |  |  |  | 2,269 |  |  |  | 124 |  |  |  | 419 |  |  |  | 2,409 |
Total assets |  |  | 1,380 |  |  |  | 22,430 |  |  |  | 247 |  |  |  | 2,290 |  |  |  | 211 |  |  |  | 430 |  |  |  | 3,344 |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |
Current |  |  | 1 |  |  |  | 1,177 |  |  |  | 16 |  |  |  | 2,928 |  |  |  | 53 |  |  |  | 27 |  |  |  | 610 |
Loans and financings |  |  | — |  |  |  | 73 |  |  |  | — |  |  |  | 1,507 |  |  |  | 9 |  |  |  | 12 |  |  |  | 161 |
Non-current |  |  | — |  |  |  | 17,548 |  |  |  | 4 |  |  |  | 493 |  |  |  | 63 |  |  |  | 136 |  |  |  | 876 |
Loans and financings |  |  | — |  |  |  | 10,925 |  |  |  | — |  |  |  | 55 |  |  |  | 63 |  |  |  | 127 |  |  |  | 276 |
Equity |  |  | 1,379 |  |  |  | 3,705 |  |  |  | 227 |  |  |  | (1,130 | ) |  |  | 95 |  |  |  | 267 |  |  |  | 1,858 |
Total liabilities and equity |  |  | 1,380 |  |  |  | 22,430 |  |  |  | 247 |  |  |  | 2,291 |  |  |  | 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 |
The preliminary fair value of net assets acquired at the acquisition date is as follows: | The preliminary fair value of net assets acquired at the acquisition date is as follows:
|  | SLTE
Book value of the investee |  |  | 58 |
Negative difference between fair value and equity value |  |  | (5 | )
Estimaged fair of net assets acquried |  |  | 53 |
Bargain purchase, recognized in 2021 profit |  |  | (4 | )
Cash consideration paid for 100% of the equity of SLTE |  |  | 49 |
The fair value of the assets and liabilities acquired at the acquisition date, is as follows: | The 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 |  |  | 15 |  |  | Current |  |  | 3 |
Cash and cash equivalents |  |  | 7 |  |  | Loans and financings |  |  | 2 |
Contract assets (1) |  |  | 7 |  |  | Other current liabilities |  |  | 1 |
Other current assets |  |  | 1 |  |  | Non-current |  |  | 35 |
Non-current |  |  | 76 |  |  | Loans and financings |  |  | 11 |
Contract assets |  |  | 73 |  |  | Deferred tax liabilities |  |  | 16 |
Other non-current assets |  |  | 3 |  |  | Taxes |  |  | 8 |
|  |  |  |  |  | Fair value of net identifiable assets |  |  | 53 |
| (1) | Considering that the concession contract is identifiable and may be measured in objective and reliable terms, the negative difference between fair value and the carrying amount was recognized in the subgroup ‘Contractual assets’ in the consolidated financial statements, and was considered as part of the investment in the individual financial statements. The (negative) added value is amortized over the period of the concession.

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