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EQUITY AND REMUNERATION TO SHAREHOLDERS (Tables) | 12 Months Ended
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Dec. 31, 2022
Equity And Remuneration To Shareholders |
Schedule of share capital |
Schedule of share capital |  |  |  |  |  |
Shareholders | Number of shares on December 31, 2022
Common | % | Preferred | % | Total | %
State of Minas Gerais | 375,031,302 | 51 | 17,085 | - | 375,048,387 | 17
Other entities of Minas Gerais State | 30,021 | - | 21,880,950 | 1 | 21,910,971 | 1
FIA Dinâmica Energia S/A | 233,625,046 | 31 | 118,771,654 | 8 | 352,396,700 | 16
BNDES Participações | 82,007,784 | 11 | - | - | 82,007,784 | 4
BlackRock | - | - | 218,212,381 | 15 | 218,212,381 | 10
Others |  |  |  |  |  |
In Brazil | 26,546,632 | 4 | 178,219,966 | 12 | 204,766,598 | 9
Foreign shareholders | 18,606,839 | 3 | 928,421,028 | 64 | 947,027,867 | 43
Total | 735,847,624 | 100 | 1,465,523,064 | 100 | 2,201,370,688 | 100
Shareholders | Number of shares on December 31, 2021
Common | % | Preferred | % | Total | %
State of Minas Gerais | 288,485,632 | 51 | 13,143 | - | 288,498,775 | 17
Other entities of Minas Gerais State | 23,094 | - | 14,472,345 | 1 | 14,495,439 | 1
FIA Dinâmica Energia S.A. | 153,354,328 | 27 | 80,004,762 | 7 | 233,359,090 | 14
BNDES Participações | 63,082,911 | 11 | 22,141,720 | 2 | 85,224,631 | 5
BlackRock | - | - | 123,325,741 | 11 | 123,325,741 | 7
Others |  |  |  |  |  |
In Brazil | 43,689,699 | 8 | 145,881,261 | 13 | 189,570,960 | 11
Foreign shareholders | 17,400,970 | 3 | 741,486,462 | 66 | 758,887,432 | 45
Total | 566,036,634 | 100 | 1,127,325,434 | 100 | 1,693,362,068 | 100
Shareholders | Number of shares on December 31, 2020
Common | % | Preferred | % | Total | %
State of Minas Gerais | 258,738,711 | 51 | 11,788 | - | 258,750,499 | 17
Other entities of Minas Gerais State | 20,713 | - | 7,442,037 | 1 | 7,462,750 | -
FIA Dinâmica Energia S.A. | 114,172,677 | 22 | 43,975,272 | 4 | 158,147,949 | 10
BNDES Participações | 56,578,175 | 11 | 27,299,432 | 3 | 83,877,607 | 6
BlackRock | - | - | 153,689,970 | 15 | 153,689,970 | 10
Others |  |  |  |  |  |
In Brazil | 55,717,246 | 11 | 212,704,725 | 21 | 268,421,971 | 18
Foreign shareholders | 22,442,767 | 5 | 565,959,088 | 56 | 588,401,855 | 39
Total | 507,670,289 | 100 | 1,011,082,312 | 100 | 1,518,752,601 | 100
Schedule of earnings per share |
Schedule of earnings per share |  |  |
| Number of shares
2022 | 2021 | 2020
Common shares already paid up | 735,847,624 | 735,847,624 | 735,847,624
Shares in treasury | (102) | (102) | (102)
Total common shares | 735,847,522 | 735,847,522 | 735,847,522
Preferred shares already paid up | 1,465,523,064 | 1,465,523,064 | 1,465,523,064
Shares in treasury | (846,164) | (846,062) | (846,062)
Total preferred shares | 1,464,676,900 | 1,464,677,002 | 1,464,677,002
Total | 2,200,524,422 | 2,200,524,524 | 2,200,524,524
Schedule of basic and diluted earnings per share |
Schedule of basic and diluted earnings per share |  |  |
| 2022 | 2021 | 2020
Net income for the year attributed to equity holders of the parent | 4,092 | 3,751 | 2,864
Minimum mandatory dividend from net income for the year - preferred shares | 1,486 | 1,309 | 986
Net income for the year not distributed - preferred shares | 1,238 | 1,188 | 920
Total earnings - preferred shares (A) | 2,724 | 2,497 | 1,906
Minimum mandatory dividend from net income for the year - common shares | 747 | 657 | 496
Net income for the year not distributed - common shares | 622 | 597 | 462
Total earnings - common shares (B) | 1,369 | 1,254 | 958
Basic and diluted earnings per preferred share (A / number of preferred shares) | 1.86 | 1.70 | 1.30
Basic and diluted earnings per common share (B / number of common shares) | 1.86 | 1.70 | 1.30
Schedule of equity valuation adjustments |
Schedule of equity valuation adjustments |  |  |
| 2022 | 2021 | 2020
Adjustments to actuarial liabilities - Employee benefits | (260) | (329) | (340)
Subsidiary and jointly controlled entity |  |  |
Adjustments to actuarial liabilities - Employee benefits | (2,043) | (2,433) | (2,660)
Deemed cost of PP&E | 427 | 554 | 569
Others | 2 | - | -
Total | (1,614) | (1,879) | (2,091)
Valuation adjustments | (1,874) | (2,208) | (2,431)
Schedule of reserves |
Schedule of reserves |  |  |
| 2022 | 2021 | 2020
Investment-related donations and subsidies | 1,857 | 1,857 | 1,857
Goodwill on issuance of shares | 394 | 394 | 394
Shares in treasury | (1) | (1) | (1)
Capital reserves and shares in Treasury | 2,250 | 2,250 | 2,250
Schedule of income reserves |
Schedule of income reserves |  |  |
| 2022 | 2021 | 2020
Legal reserve | 1,387 | 1,181 | 995
Statutory reserve | 57 | 57 | 57
Retained earnings reserve | 6,546 | 7,331 | 6,651
Unrealized earnings reserve | 835 | 835 | 835
Incentive tax reserve | 150 | 124 | 103
Reserve for mandatory dividends not distributed | 1,420 | 1,420 | 1,420
Profit reserves | 10,395 | 10,948 | 10,061
Schedule of reserve for mandatory dividends not distributed |
Schedule of reserve for mandatory dividends not distributed |
Dividends withheld, arising from the net income of 2015 | 623
Dividends withheld, arising from the net income of 2014 | 797
| 1,420
Schedule of minimum dividends proposed |
Schedule of minimum dividends proposed |  |  |
| 2022 | 2021 | 2020
Calculation of minimum dividends required by the by-laws for the preferred shares |  |  |
Nominal value of the preferred shares | 7,328 | 5,637 | 5,055
Preferred shares | 7,328 | 5,637 | 5,055
Percentage applied to the nominal value of the preferred shares | 10.00% | 10.00% | 10.00%
Amount of the dividends by the first payment criterion | 733 | 564 | 506
Equity | 21,777 | 19,457 | 17,473
Preferred shares as a percentage of Equity (net of shares held in Treasury) | 66.56% | 66.56% | 66.56%
Portion of Equity represented by the preferred shares | 14,495 | 12,950 | 11,630
Percentage applied to the portion of Equity | 3.00% | 3.00% | 3.00%
Amount of the dividends by the second payment criterion | 435 | 389 | 349
Minimum dividends required by the by-laws for the preferred shares | 733 | 564 | 506
| 2022 | 2021 | 2020
Calculation of the Minimum Dividend under the by-laws based on the net income for the year |  |  |
Mandatory dividend |  |  |
Net income for the year | 4,092 | 3,751 | 2,864
| 50% | 50% | 50%
Mandatory dividends - 50% of Net income | 2,046 | 1,876 | 1,432
Unrealized earnings reserve | (835) | (835) | (835)
Reversal of the unrealized earnings reserve of 2019 | 835 | 835 | 835
Withholding income tax on Interest on equity | 186 | 91 | 50
| 2,232 | 1,967 | 1,482
Dividends recorded, as specified in the by-laws |  |  |
Interest on Equity | 1,983 | 956 | 553
Ordinary dividends | 249 | 1,011 | 929
| 2,232 | 1,967 | 1,482
Total dividends for the preferred shares | 1,486 | 1,309 | 986
Total dividends for the common shares | 747 | 658 | 496
Unit value of dividends - R$ |  |  |
Minimum dividends required by the by-laws for the preferred shares | 0.50 | 0.50 | 0.50
Mandatory dividends (including withholding income tax on Interest on Equity) | 1.01 | 1.16 | 0.99
Dividends proposed: Common (ON) shares | 1.01 | 1.16 | 0.99
Dividends proposed: Preferred (PN) shares | 1.01 | 1.16 | 0.99
Schedule of changes on dividends and interest on capital payable |
Schedule of changes on dividends and interest on capital payable |
Balance on December 31, 2020 | 1,449
Proposed dividends | 1,967
Dividends proposed for non-controlling shareholder | 1
Tax withheld at source on Interest on Equity | (91)
Dividends retained - Minas Gerais state government | (13)
Dividends paid | (1,403)
Balance on December 31, 2021 | 1,910
Proposed dividends | 2,232
Dividends proposed for non-controlling shareholder | 1
Tax withheld at source on Interest on Equity | (186)
Dividends paid | (2,094)
Balance on December 31, 2022 | 1,863

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