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EQUITY AND REMUNERATION TO SHAREHOLDERS (Tables)
 12 Months Ended
Dec. 31, 2022
Equity And Remuneration To Shareholders  
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
     
  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
     
  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
     
  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
     
  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
     
  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
 
   
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
     
  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
 
   
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