(Convenience Translation into English from the Original Previously Issued in Portuguese)
Transmissora Aliança de Energia Elétrica S.A.
Report on Review of
Interim Financial Information
for the Three-month Period Ended March 31, 2024
Deloitte Touche Tohmatsu Auditores Independentes Ltda.
ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A. | Version: 1 | |
Contents | ||
Company Information | ||
Capital Breakdown | 1 | |
Individual Financial Statements | ||
Balance Sheet - Assets | 2 | |
Balance Sheet - Liabilities | 3 | |
Statement of Income | 5 | |
Statement of Comprehensive Income | 6 | |
Statement of Cash Flows (Indirect Method) | 7 | |
Statement of Changes in Equity | ||
Statement of Changes in Equity - 01/01/2024 to 03/31/2024 | 9 | |
Statement of Changes in Equity - 01/01/2023 to 03/31/2023 | 10 | |
Statement of Value Added | 11 | |
Consolidated Financial Statements | ||
Balance Sheet - Assets | 12 | |
Balance Sheet - Liabilities | 13 | |
Statement of Income | 15 | |
Statement of Comprehensive Income | 16 | |
Statement of Cash Flows (Indirect Method) | 17 | |
Statement of Changes in Equity | ||
Statement of Changes in Equity - 01/01/2024 to 03/31/2024 | 19 | |
Statement of Changes in Equity - 01/01/2023 to 03/31/2023 | 20 | |
Statement of Value Added | 21 | |
Comments on Performance | 22 | |
Notes to the Financial Statements | 28 | |
Opinions and Statements | ||
Special review report - Unqualified | 81 | |
Statement of the Directors on the Financial Statements | 83 | |
Statement of the Directors on the Independent Auditors' Report | 84 |
ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A. | Version: 1 |
Company Information / Capital Breakdown
Number of Shares | Current Quarter |
(Thousand) | 03/31/2024 |
Of Paid-in Capital | |
Common | 590,714 |
Preferred | 442,783 |
Total | 1,033,497 |
Treasury | |
Common | 0 |
Preferred | 0 |
Total | 0 |
1
ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A. | Version: 1 |
Individual Financial Statements / Balance Sheet - Assets
(In thousands of Brazilian reais - R$)
Account | Account Description | Current Quarter | Prior Year |
Code | 03/31/2024 | 12/31/2023 | |
1 | Total assets | 17,266,222 | 17,127,396 |
1.01 | Current assets | 2,464,366 | 2,891,758 |
1.01.01 | Cash and cash equivalents | 689,230 | 1,143,367 |
1.01.01.01 | Cash and banks | 4,680 | 791 |
1.01.01.02 | Short-term investments | 684,550 | 1,142,576 |
1.01.03 | Trade receivables | 223,485 | 221,191 |
1.01.03.01 | Trade receivables | 223,485 | 221,191 |
1.01.03.01.01 | Receivables from concessionaires and assignees | 223,485 | 221,191 |
1.01.06 | Recoverable taxes | 274,712 | 268,090 |
1.01.06.01 | Current recoverable taxes | 274,712 | 268,090 |
1.01.08 | Other current assets | 1,276,939 | 1,259,110 |
1.01.08.03 | Other | 1,276,939 | 1,259,110 |
1.01.08.03.03 | Dividends receivable | 213,412 | 207,358 |
1.01.08.03.04 | Other receivables and other assets | 67,563 | 55,267 |
1.01.08.03.05 | Concession contract asset | 995,964 | 996,485 |
1.02 | Noncurrent assets | 14,801,856 | 14,235,638 |
1.02.01 | Long-term assets | 6,323,011 | 6,332,784 |
1.02.01.04 | Trade receivables | 37,056 | 37,040 |
1.02.01.04.01 | Receivables from concessionaires and assignees | 37,056 | 37,040 |
1.02.01.10 | Other noncurrent assets | 6,285,955 | 6,295,744 |
1.02.01.10.03 | Securities | 6,392 | 6,233 |
1.02.01.10.05 | Other receivables | 24,948 | 24,539 |
1.02.01.10.06 | Escrow deposits | 52,375 | 51,257 |
1.02.01.10.10 | Concession contract asset | 6,202,240 | 6,213,715 |
1.02.02 | Investments | 8,084,177 | 7,506,246 |
1.02.02.01 | Ownership interests | 8,084,177 | 7,506,246 |
1.02.02.01.01 | Ownership interests in associates | 2,001,343 | 1,936,770 |
1.02.02.01.02 | Ownership interests in subsidiaries | 4,435,508 | 4,014,805 |
1.02.02.01.03 | Ownership interests in joint ventures | 1,647,326 | 1,554,671 |
1.02.03 | Property, plant and equipment | 228,853 | 230,686 |
1.02.03.01 | Property, plant and equipment in operation | 226,956 | 228,513 |
1.02.03.02 | Lease right of use | 1,897 | 2,173 |
1.02.04 | Intangible assets | 165,815 | 165,922 |
1.02.04.01 | Intangible assets | 165,815 | 165,922 |
2
ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A. | Version: 1 |
Individual Financial Statements / Balance Sheet - Liabilities
(In thousands of Brazilian reais - R$)
Account | Account Description | Current Quarter | Prior Year |
Code | 03/31/2024 | 12/31/2023 | |
2 | Total liabilities | 17,266,222 | 17,127,396 |
2.01 | Current liabilities | 2,562,379 | 1,637,124 |
2.01.02 | Trade payables | 54,021 | 113,493 |
2.01.02.01 | Domestic suppliers | 54,021 | 113,493 |
2.01.02.01.01 | Domestic suppliers | 54,021 | 113,493 |
2.01.03 | Taxes payable | 23,354 | 32,512 |
2.01.03.01 | Federal taxes payable | 20,461 | 27,648 |
2.01.03.01.01 | Income tax and social contribution payable | 20,461 | 27,648 |
2.01.03.02 | State taxes payable | 751 | 2,227 |
2.01.03.03 | Municipal taxes payable | 2,142 | 2,637 |
2.01.04 | Borrowings and financing | 2,370,397 | 1,130,072 |
2.01.04.01 | Borrowings and financing | 152 | 6,197 |
2.01.04.01.01 | In local currency | 22 | 36 |
2.01.04.01.02 | In foreign currency | 130 | 6,161 |
2.01.04.02 | Debentures | 2,368,665 | 1,122,333 |
2.01.04.03 | Finance lease | 1,580 | 1,542 |
2.01.05 | Other payables | 114,607 | 361,047 |
2.01.05.02 | Other | 114,607 | 361,047 |
2.01.05.02.01 | Dividends and interest on capital payable | 82 | 228,083 |
2.01.05.02.04 | Regulatory charges | 47,425 | 45,248 |
2.01.05.02.05 | Derivative financial instruments | 855 | 160 |
2.01.05.02.06 | Other payables | 66,245 | 87,556 |
2.02 | Noncurrent liabilities | 7,646,962 | 8,810,962 |
2.02.01 | Borrowings and financing | 6,284,635 | 7,472,779 |
2.02.01.01 | Borrowings and financing | 351,527 | 346,697 |
2.02.01.01.02 | In foreign currency | 351,527 | 346,697 |
2.02.01.02 | Debentures | 5,932,226 | 7,124,873 |
2.02.01.03 | Finance lease | 882 | 1,209 |
2.02.02 | Other payables | 193,614 | 184,264 |
2.02.02.02 | Other | 193,614 | 184,264 |
2.02.02.02.03 | Other payables | 67,740 | 48,685 |
2.02.02.02.04 | Derivative financial instruments | 125,874 | 135,579 |
2.02.03 | Deferred taxes | 1,117,435 | 1,103,301 |
2.02.03.01 | Deferred income tax and social contribution | 1,117,435 | 1,103,301 |
2.02.03.01.01 | Deferred income tax and social contribution | 759,541 | 744,399 |
2.02.03.01.02 | Deferred PIS and COFINS | 357,894 | 358,902 |
2.02.04 | Provisions | 51,278 | 50,618 |
2.02.04.01 | Provisions for tax, social security, labor and civil risks | 51,278 | 50,585 |
2.02.04.01.01 | Provisions for tax risks | 15,479 | 15,338 |
2.02.04.01.02 | Provisions for social security and labor risks | 9,546 | 9,325 |
2.02.04.01.04 | Provisions for civil risks | 26,253 | 25,922 |
2.02.04.02 | Other provisions | 0 | 33 |
2.02.04.02.04 | Provision for asset retirement | 0 | 33 |
2.03 | Equity | 7,056,881 | 6,679,310 |
2.03.01 | Realized capital | 3,042,035 | 3,042,035 |
3
ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A. | Version: 1 |
Individual Financial Statements / Balance Sheet - Liabilities
(In thousands of Brazilian reais - R$)
Account | Account Description | Current Quarter | Prior Year |
Code | 03/31/2024 | 12/31/2023 | |
2.03.01.01 | Subscribed and paid-in capital | 3,067,535 | 3,067,535 |
2.03.01.02 | (-) Share issuance costs | -25,500 | -25,500 |
2.03.02 | Capital reserves | 598,736 | 598,736 |
2.03.04 | Earnings reserves | 3,081,130 | 3,081,130 |
2.03.04.01 | Legal reserve | 433,057 | 433,057 |
2.03.04.04 | Unrealized earnings reserve | 1,931,520 | 1,931,520 |
2.03.04.07 | Tax incentive reserve | 326,270 | 326,270 |
2.03.04.08 | Additional dividends proposed | 390,283 | 390,283 |
2.03.05 | Retained earnings/Accumulated losses | 374,027 | 0 |
2.03.08 | Other comprehensive income | -39,047 | -42,591 |
4
ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A. | Version: 1 |
Individual Financial Statements / Statement of Income
(In thousands of Brazilian reais - R$)
Account | Account Description | Accumulated for the | Accumulated for the |
Code | Current Year | Prior Year | |
01/01/2024 to 03/31/2024 | 01/01/2023 to 03/31/2023 | ||
3.01 | Revenue from sales and/or services | 456,272 | 386,343 |
3.01.01 | Revenue from infrastructure, inflation adjustment operation | 272,946 | 238,059 |
and maintenance and other, net | |||
3.01.02 | Compensation for concession contract asset | 183,326 | 148,284 |
3.02 | Cost of sales and/or services | -48,296 | -26,995 |
3.02.01 | Personnel | -20,944 | -12,669 |
3.02.02 | Material | -19,363 | -7,956 |
3.02.03 | Outside services | -6,858 | -4,086 |
3.02.04 | Depreciation and amortization | -5 | -2,186 |
3.02.05 | Other operating costs | -1,126 | -98 |
3.03 | Gross profit (loss) | 407,976 | 359,348 |
3.04 | Operating expenses/income | 265,124 | 304,774 |
3.04.02 | General and administrative expenses | -46,696 | -37,852 |
3.04.02.01 | Personnel and management | -34,674 | -27,306 |
3.04.02.02 | Outside services | -7,423 | -7,956 |
3.04.02.03 | Depreciation and amortization | -4,599 | -2,590 |
3.04.05 | Other operating expenses | -2,165 | -183 |
3.04.06 | Share of profit (loss) of subsidiaries | 313,985 | 342,809 |
3.04.06.01 | Share of profit (loss) of subsidiaries | 313,985 | 342,809 |
3.05 | Profit (loss) before finance income (costs) and taxes | 673,100 | 664,122 |
3.06 | Finance income (costs) | -276,828 | -255,385 |
3.06.01 | Finance income | 17,613 | 22,184 |
3.06.02 | Finance costs | -294,441 | -277,569 |
3.07 | Profit (loss) before income taxes | 396,272 | 408,737 |
3.08 | Income tax and social contribution | -22,245 | -21,965 |
3.08.01 | Current | -8,927 | 464 |
3.08.02 | Deferred | -13,318 | -22,429 |
3.09 | Profit from continuing operations | 374,027 | 386,772 |
3.11 | Profit/loss for the period | 374,027 | 386,772 |
3.99 Earnings per share (R$/share)
3.99.01 Basic earnings per share
3.99.01.01 | Common | 0.3619 | 0.37424 |
3.99.01.02 | Preferred | 0.3619 | 0.37424 |
3.99.02 Diluted earnings per share
3.99.02.01 | Common | 0.3619 | 0.37424 |
3.99.02.02 | Preferred | 0.3619 | 0.37424 |
5
ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A. | Version: 1 |
Individual Financial Statements / Statement of Comprehensive Income
(In thousands of Brazilian reais - R$)
Account | Account Description | Accumulated for the | Accumulated for the |
Code | Current Year | Prior Year | |
01/01/2024 to 03/31/2024 | 01/01/2023 to 03/31/2023 | ||
4.01 | Profit for the period | 374,027 | 386,772 |
4.02 | Other comprehensive income | 3,544 | -6,093 |
4.02.01 | Fair value adjustment to derivative financial instruments | 3,544 | -6,093 |
4.03 | Comprehensive income for the period | 377,571 | 380,679 |
6
ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A. | Version: 1 |
Individual Financial Statements / Statement of Cash Flows (Indirect Method)
(In thousands of Brazilian reais - R$)
Account | Account Description | Accumulated for the | Accumulated for the |
Code | Current Year | Prior Year | |
01/01/2024 to 03/31/2024 | 01/01/2023 to 03/31/2023 | ||
6.01 | Net cash from operating activities | 286,829 | 491,854 |
6.01.01 | Cash generated by operations | 138,387 | 144,464 |
6.01.01.01 | Profit for the period | 374,027 | 386,772 |
6.01.01.02 | Share of profit (loss) of subsidiaries | -313,985 | -342,809 |
6.01.01.03 | Depreciation and amortization | 4,328 | 3,577 |
6.01.01.04 | Interest, exchange rate changes, net and fair value | 10,902 | -3,874 |
adjustment to borrowings and financing | |||
6.01.01.05 | Interest, inflation adjustment and fair value adjustment to | 271,047 | 254,612 |
debentures | |||
6.01.01.06 | Current income tax and social contribution | 8,927 | -464 |
6.01.01.07 | Deferred income tax and social contribution | 13,318 | 22,429 |
6.01.01.08 | Provision for tax, social security, labor and civil risks | 28 | 35 |
6.01.01.09 | Deferred taxes | -1,008 | -1,249 |
6.01.01.10 | Expense on inflation adjustment to contingencies | 935 | 3,642 |
6.01.01.11 | Interest on lease liabilities | 58 | 101 |
6.01.01.12 | Revenue from infrastructure implementation | -21,035 | -630 |
6.01.01.13 | Loss on derivative financial instruments | 6,837 | 17,109 |
6.01.01.14 | (Reversal of) allowance for variable portion | 567 | -20,541 |
6.01.01.15 | Income from short-term investments | -159 | -179 |
6.01.01.16 | Infrastructure implementation cost | 14,685 | 357 |
6.01.01.17 | Compensation for concession contract asset | -183,326 | -148,284 |
6.01.01.18 | Inflation adjustment to concession contract asset | -47,385 | -27,194 |
6.01.01.19 | Depreciation of right of use | 276 | 1,199 |
6.01.01.20 | Revenue from inflation adjustment to escrow deposits | -650 | -145 |
6.01.02 | Changes in assets and liabilities | 148,442 | 347,390 |
6.01.02.01 | Decrease in receivables from concessionaires and assignees | 260,811 | 209,298 |
and concession contract asset | |||
6.01.02.02 | Income tax and social contribution paid | -22,365 | -7,753 |
6.01.02.03 | (Increase) decrease in taxes and social contribution assets, net | -2,343 | 1,698 |
of liabilities | |||
6.01.02.05 | (Increase) in other receivables | -13,175 | -16,540 |
6.01.02.06 | (Decrease) in trade payables | -74,161 | -34,953 |
6.01.02.07 | Increase in regulatory fees | 2,177 | 933 |
6.01.02.08 | (Decrease) in other payables | -2,502 | -22,197 |
6.01.02.09 | Dividends received from subsidiaries | 0 | 167,675 |
6.01.02.10 | Dividends received from joint ventures and associates | 0 | 49,229 |
6.02 | Net cash from investing activities | -272,661 | -914,390 |
6.02.04 | Net additions to property, plant and equipment and intangible | -2,661 | -21,659 |
assets | |||
6.02.07 | Capital increase in subsidiaries | -270,000 | -892,731 |
6.03 | Net cash from financing activities | -468,305 | 448,439 |
6.03.01 | Payment of borrowings and financing - principal | -13 | -965 |
6.03.02 | Payment of borrowings and financing - interest | -12,104 | -9,706 |
6.03.03 | Payment of debentures - principal | -75,000 | 0 |
6.03.04 | Payment of debentures - interest | -142,362 | -58,761 |
7
ITR - Interim Financial Information - 03/31/2024- TRANSMISSORA ALIANÇA DE ENERGIA ELÉTRICA S.A. | Version: 1 |
Individual Financial Statements / Statement of Cash Flows (Indirect Method)
(In thousands of Brazilian reais - R$)
Account | Account Description | Accumulated for the | Accumulated for the |
Code | Current Year | Prior Year | |
01/01/2024 to 03/31/2024 | 01/01/2023 to 03/31/2023 | ||
6.03.05 | Payment of derivative financial instruments | -10,478 | -15,310 |
6.03.07 | Issuance of debentures, net of transaction costs | 0 | 995,181 |
6.03.09 | Payment of dividends and interest on capital | -228,001 | -459,997 |
6.03.10 | Payment of lease liability | -347 | -2,003 |
6.05 | Increase (decrease) in cash and cash equivalents | -454,137 | 25,903 |
6.05.01 | Opening balance of cash and cash equivalents | 1,143,367 | 759,628 |
6.05.02 | Closing balance of cash and cash equivalents | 689,230 | 785,531 |
8
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TAESA - Transmissora Aliança de Energia Elétrica SA published this content on 23 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 May 2024 20:40:03 UTC.