Equatorial
Energia S.A.
Quarterly Financial Information
June 30, 2021
(A free translation of the original report in Portuguese, prepared in accordance with the accounting practices adopted in Brazil)
Independent auditor's review report on the individual and consolidated quarterly | |
information | 1 |
Statements of financial position | 3 |
Statement of profit and loss | 4 |
Statements of comprehensive income | 5 |
Statements of changes in equity | 6 |
Statements of cash flows - Indirect method | 7 |
Statements of value added | 8 |
Notes to the individual and consolidated interim financial information | 9 |
Centro Empresarial Iguatemi
Av. Washington Soares, 55
5º andar - sala 508 - Bairro Cocó 60811-341 - Fortaleza - CE - Brasil
Tel: +55 85 3392-5600
Fax: +55 85 3392-5659 ey.com.br
Independent auditor's review report on the individual and consolidated quarterly information
To the shareholders of
Equatorial Energia S.A.
São Luis - MA
Introduction
We have reviewed the accompanying individual and consolidated interim financial information, contained in the Quarterly Information Form (ITR) of Equatorial Energia S.A. ("Company"), for the quarter ended June 30, 2021, comprising the statement of financial position as of June 30, 2021 and the related statements of profit or loss and of comprehensive income for the three and six month period then ended, and of changes in equity and of cash flows for the six month period then ended, including the explanatory notes.
Management is responsible for preparation of the individual and consolidated interim financial information in accordance with Accounting Pronouncement NBC TG 21 - Interim Financial Reporting, and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the fair presentation of this information in conformity with the rules issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the preparation of the Quarterly Information Form (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.
Scope of review
We conducted our review in accordance with Brazilian and international standards on review engagements (NBC TR 2410 and ISRE 2410 - Review of Interim Financial Information performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with auditing standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual and consolidated interim financial information included in the quarterly information referred to above are not prepared, in all material respects, in accordance with NBC TG 21 and IAS 34 applicable to the preparation of Quarterly Information Form (ITR), and presented consistently with the rules issued by the Brazilian Securities and Exchange Commission (CVM).
1
Uma empresa-membro da Ernst & Young Global Limited
Other matters
Statements of value added
The abovementioned quarterly information include the individual and consolidated statement of value added (SVA) for the six month periods ended June 30, 2021, prepared under Company's Management responsibility and presented as supplementary information by IAS 34. These statements have been subject to review procedures performed together with the review of the quarterly information with the objective to conclude whether they are reconciled to the interim financial information and the accounting records, as applicable, and if its format and content are in accordance with the criteria set forth by NBC TG 09 - Statement of Value Added. Based on our review, nothing has come to our attention that causes us to believe that they were not prepared, in all material respects, consistently with the overall individual and consolidated interim financial information.
Fortaleza, August 10, 2021.
ERNST & YOUNG
Auditores Independentes S.S.
CRC 2SP015199/O-6
Carlos Santos Mota Filho
Accountant CRC PE020728/O-7-T-CE
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Equatorial Energia S.A. and Consolidated
Statement of financial position as of June 30, 2021 and December 31, 2020 (In thousands of Reais)
Parent company | Consolidated | Parent company | Consolidated | ||||||||
Note | 06/30/2021 | 12/31/2020 | 06/30/2021 | 12/31/2020 | Note | 06/30/2021 | 12/31/2020 | 06/30/2021 | 12/31/2020 | ||
Asset | Liabilities | ||||||||||
Current | Current | ||||||||||
Cash and cash equivalents | 4 | 936.058 | 165.569 | 4.205.024 | 2.219.546 | Trade payables | 14 | 1.297 | 33.007 | 1.723.360 | 2.263.294 |
Market securities | 5 | 289.687 | 642.999 | 3.916.445 | 5.397.283 | Payroll charges and obligations | 453 | 304 | 65.581 | 63.962 | |
Trade accounts receivable | 6 | - | - | 3.542.658 | 3.589.317 | Loans and borrowings | 15 | - | - | 2.171.746 | 2.229.290 |
Fuel purchased - CCC account | - | - | 41.873 | 29.855 | Debentures | 16 | 7.993 | 3.161 | 1.254.429 | 883.076 | |
Services in progress | - | - | 536.245 | 518.041 | A "Component" revenue returnable and other financial items | 7 | - | - | 213.555 | 753.702 | |
A "Component" revenue returnable and other financial items | 7 | - | - | 56.862 | - | Taxes and contributions payable | 17 | 2.663 | 2.763 | 431.088 | 596.074 |
Judicial deposits | 21 | 148 | 56 | 4.105 | 3.567 | Income taxes and social contribution payable | 16 | 61 | 215.516 | 169.208 | |
Derivative financial instruments | 30.4 | - | - | 226.157 | 100.600 | Dividends | 707.099 | 547.597 | 720.269 | 601.510 | |
Inventories | - | - | 95.942 | 47.264 | Public lighting fee | - | - | 88.213 | 83.867 | ||
Dividends receivable | 9 | 298.116 | 175.277 | - | 7.463 | Sector charges | 20 | - | - | 338.382 | 286.397 |
Recoverable taxes and contributions | 8 | 34 | 34 | 1.066.839 | 1.240.973 | Profit sharing | 16.156 | 18.848 | 96.815 | 127.076 | |
Recoverable income tax and social contribution | 11.680 | 6.264 | 238.658 | 195.413 | Derivative financial instruments | 30.4 | 94.528 | - | 94.742 | - | |
Other receivables | 6.677 | 6.071 | 617.999 | 587.078 | Payable under the judicial reorganization plan - Equatorial Pará | 19 | - | - | 45.250 | 30.274 | |
Contractual assets | 13 | - | - | 1.196.400 | 708.900 | Lease liability | 132 | 138 | 8.485 | 11.137 | |
Provision for civil, tax, labor and regulatory claims | 21 | - | - | 120.662 | 215.811 | ||||||
Total current assets | 1.542.400 | 996.270 | 15.745.207 | 14.645.300 | Other accounts payable | 3 | 1 | 389.360 | 395.260 | ||
Total current liabilities | 830.340 | 605.880 | 7.977.453 | 8.709.938 | |||||||
Noncurrent | |||||||||||
Market securities | 5 | - | - | 113.530 | 119.576 | Noncurrent | |||||
Trade accounts receivable | 6 | - | - | 998.406 | 967.527 | Trade payables | 14 | - | - | 19.280 | 6.695 |
A "Component" revenue returnable and other financial items | 7 | - | - | 21.636 | 1.185.784 | Loans and borrowings | 15 | - | - | 9.698.825 | 10.558.285 |
Judicial deposits | 21 | 172 | 172 | 262.341 | 250.284 | Debentures | 16 | 568.539 | 562.926 | 4.645.098 | 4.117.327 |
Services in progress | - | - | 25.686 | 32.774 | Retirement and pension plan | - | - | 162.396 | 150.598 | ||
Derivative financial instruments | 30.4 | - | - | 100.872 | 295.161 | Taxes and contributions payable | 17 | - | - | 213.804 | 234.365 |
Recoverable taxes and contributions | 8 | - | - | 573.547 | 984.483 | Deferred income and social contribution taxes | 18 | 50 | 50 | 1.984.664 | 1.915.750 |
Recoverable income tax and social contribution | 26.747 | 32.512 | 83.247 | 89.012 | Deferred PIS and COFINS | 18.4 | - | - | 1.032.731 | 984.845 | |
CCC subrogation - amounts allocated | - | - | 91.688 | 85.120 | Provision for civil, tax, labor and regulatory claims | 21 | - | - | 993.808 | 991.184 | |
Retirement and pension plan | - | - | 23.206 | 23.206 | A "Component" revenue returnable and other financial items | 7 | - | - | 277.532 | 170.307 | |
Other receivables | 9.348 | 9.673 | 285.625 | 328.019 | Payable under the judicial reorganization plan - Equatorial Pará | 19 | - | - | 976.355 | 930.606 | |
Concession's | 11 | - | - | 6.139.258 | 5.665.922 | Sector charges | 20 | - | - | 439.053 | 486.703 |
Investment | 10 | 10.420.567 | 10.623.050 | 169.108 | 130.024 | Derivative financial instruments | 30.4 | - | - | 108.652 | - |
Property, plant and equipment | 3.027 | 2.782 | 23.476 | 19.258 | PIS/COFINS to be reimbursed to consumers | 22 | - | - | 2.187.405 | 2.321.392 | |
Intangible assets | 12 | 2.638 | 1.437 | 8.804.685 | 8.908.853 | Lease liability | 590 | 655 | 16.147 | 17.716 | |
Right-of-use | 815 | 874 | 22.813 | 29.404 | Other accounts payable | 36.675 | 34.869 | 247.006 | 249.822 | ||
Contractual assets | 13 | - | - | 10.016.945 | 10.364.313 | Total non-current liabilities | 605.854 | 598.500 | 23.002.756 | 23.135.595 | |
Total noncurrent assets | 10.463.314 | 10.670.500 | 27.756.069 | 29.478.720 | Equity | ||||||
Share capital | 23.1 | 4.655.287 | 3.489.736 | 4.655.287 | 3.489.736 | ||||||
Treasury shares | 23.5 | (632.005) | (31.734) | (632.005) | (31.734) | ||||||
Capital reserves | 23.2 | 132.913 | 118.307 | 132.913 | 118.307 | ||||||
Revenue reserves | 23.3 | 5.814.392 | 7.138.924 | 5.814.392 | 7.138.924 | ||||||
Asset and liability valuation adjustments | 23.4 | (264.023) | (252.843) | (264.023) | (252.843) | ||||||
Profit for the period | 862.956 | - | 862.956 | - | |||||||
Shareholders' equity attributable to Company shareholders | 10.569.520 | 10.462.390 | 10.569.520 | 10.462.390 | |||||||
Non-Controlling Interest (NCI) | - | - | 1.951.547 | 1.816.097 | |||||||
Total equity | 10.569.520 | 10.462.390 | 12.521.067 | 12.278.487 | |||||||
Total assets | 12.005.714 | 11.666.770 | 43.501.276 | 44.124.020 | Total liabilities and equity | 12.005.714 | 11.666.770 | 43.501.276 | 44.124.020 |
See accompanying notes.
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Equatorial Energia SA published this content on 30 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2021 21:01:11 UTC.