Edgar Filing: ENERGY CO OF MINAS GERAIS

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FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2013

Commission File Number 1-15224

Energy Company of Minas Gerais

(Translation of Registrant’s Name Into English)

Avenida Barbacena, 1200

30190-131 Belo Horizonte, Minas Gerais, Brazil

(Address of Principal Executive Offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F x Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

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Index

Item		Description of Item

1.		Market Announcement dated August 30, 2013: Jaguara — Principal Injunction Maintains Operation by CEMIG

2.		Second Quarter 2013 — Results

3.		Minutes of the Extraordinary General Meeting of Stockholders Held on September 10, 2013

4.		Convocation and Proposal by the Board of Directors to the Extraordinary General Meeting of Stockholders to be Held on September 26, 2013

5.		Market Announcement dated September 12, 2013: CEMIG Selected for Inclusion in the 2013-14 Dow Jones Sustainability Index

6.		Minutes of the Extraordinary General Meeting of Stockholders Held on September 26, 2013

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG


By:	/s/ Luiz Fernando Rolla
	Name:	Luiz Fernando Rolla
	Title:	Chief Officer for Finance and Investor Relations

Date: October 7, 2013

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1. Market Announcement dated August 30, 2013: Jaguara – Principal Injunction Maintains Operation by CEMIG

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COMPANHIA ENERGÉTICA DE MINAS GERAIS – CEMIG

LISTED COMPANY — CNPJ 17.155.730/0001-64 — NIRE 31300040127

MARKET ANNOUNCEMENT

Jaguara: principal injunction maintains operation by Cemig

Cemig (Companhia Energética de Minas Gerais), a listed company with securities traded on the stock exchanges of São Paulo, New York and Madrid — in compliance with CVM Instruction 358/2002, as amended — hereby informs the Brazilian Securities Commission (CVM), the São Paulo Stock Exchange (BM&FBovespa) and the market as follows:

On today’s date Brazil’s Higher Appeal Court (Superior Tribunal de Justiça, or STJ) granted an interim injunction to Cemig’s wholly-owned subsidiary Cemig GT (Cemig Geração e Transmissão S.A.) in its further application for an order of mandamus against the recent decision by the Mining and Energy Ministry which, in a dispatch published on August 23 of this year, refused, after consideration on its merits, the application by Cemig GT for extension of the concession of the Jaguara Hydroelectric Plant under Concession Contract 1007/97.

This interim injunction gives Cemig GT the right to remain in control of the Jaguara Hydroelectric Plant, commercially operating the public service concession granted to it, until final judgment of the case.

It should be noted that this is a preliminary decision by the Judiciary, and that there is at present no decision on the merits of the action. The Higher Appeal Court will examine the merits of the action at a later date.

Cemig reiterates its commitment to seeking both fair prices for services provided to the consumer, and also optimum quality of its services and their sustainability in the use of natural and human resources — to ensure that future generations can enjoy the same benefits.

Cemig will keep its stockholders and the market opportunely and appropriately informed on the progress of this case.

Belo Horizonte, August 30, 2013.

Arlindo Porto Neto

Acting Chief Finance and Investor Relations Officer

Av. Barbacena 1200 Santo Agostinho 30190-131 Belo Horizonte, MG Brazil Tel.: +55 31 3506-5024 Fax +55 31 3506-5025

This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.

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2. Second Quarter 2013 — Results

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CONTENTS

STATEMENTS OF FINANCIAL POSITION		8
PROFIT AND LOSS ACCOUNTS		10
PROFIT AND LOSS ACCOUNTS		11
STATEMENTS OF COMPREHENSIVE INCOME		12
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY — CONSOLIDATED (*)		13
STATEMENTS OF CASH FLOW		14
STATEMENTS OF ADDED VALUE		15
CONDENSED EXPLANATORY NOTES TO THE INTERIM FINANCIAL STATEMENTS		16
1.	OPERATIONAL CONTEXT	16
2.	BASIS OF PREPARATION	16
3.	PRINCIPLES OF CONSOLIDATION	22
4.	CASH AND CASH EQUIVALENTS	22
5.	SECURITIES	23
6.	CONSUMERS AND TRADERS	23
7.	RECOVERABLE TAXES	24
8.	INCOME TAX AND SOCIAL CONTRIBUTION TAX	25
9.	ESCROW DEPOSITS IN LEGAL ACTIONS	27
10.	FUNDS RECEIVED FROM THE ENERGY DEVELOPMENT ACCOUNT (CDE)	27
11.	ACCOUNTS RECEIVABLE FROM THE MINAS GERAIS STATE GOVERNMENT; THE RECEIVABLES FUND	28
12.	FINANCIAL ASSETS OF THE CONCESSION	29
13.	INVESTMENTS	30
14.	PROPERTY, PLANT AND EQUIPMENT	37
15.	INTANGIBLE ASSETS	38
16.	SUPPLIERS	40
17.	TAXES	40
18.	LOANS, FINANCINGS AND DEBENTURES	41
19.	REGULATORY CHARGES	44
20.	POST-RETIREMENT OBLIGATIONS	44
21.	PROVISIONS	45
22.	STOCKHOLDER’S EQUITY AND REMUNERATION TO STOCKHOLDERS	53
23.	REVENUE	54
24.	OPERATIONAL COSTS AND EXPENSES	57
25.	FINANCIAL REVENUES AND EXPENSES	62
26.	TRANSACTIONS WITH RELATED PARTIES	63
27.	FINANCIAL INSTRUMENTS AND RISK MANAGEMENT	64
28.	FAIR VALUE MEASUREMENT	74
29.	EFFECTS OF PROVISIONAL MEASURE 579 OF SEPTEMBER 11, 2012 (CONVERTED INTO LAW 12783 OF JANUARY 11, 2013)	75
30.	ANNUAL TARIFF ADJUSTMENT, AND TARIFF REVIEW	75
31.	SUBSEQUENT EVENTS	76
32.	OPERATIONAL SEGMENTS	78
CONSOLIDATED ECONOMIC AND FINANCIAL PERFORMANCE		81
FINANCIAL STATEMENTS SEPARATED BY COMPANY		97
OTHER INFORMATION THAT THE COMPANY BELIEVES TO BE MATERIAL		98
REPORT ON REVIEW OF THE INTERIM FINANCIAL STATEMENTS		106

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STATEMENTS OF FINANCIAL POSITION

AT JUNE 30, 2013 AND DECEMBER 31, 2012

ASSETS

R$ ’000

		Consolidated			Holding company
	Note	June 30, 2013	Dec. 31, 2012 (Re-presented)	Jan. 1, 2012 (Re-presented)	June 30, 2013	Dec. 31, 2012 (Re-presented)	Jan. 1, 2012 (Re-presented)
CURRENT
Cash and cash equivalents	4	1,630,058	1,919,125	2,103,870	397,373	1,057,122	226,695
Securities	5	2,656,096	657,142	356,327	1,158,042	27,363	180,000
Consumers and Traders	6	1,741,930	1,858,129	2,067,349	—	—	—
Concession holders — transport of power		250,870	347,371	295,838	—	—	—
Financial Assets of the Concession	12	2,254	287,692	42,106	—	—	—
Recoverable taxes	7	173,065	216,746	228,554	4,846	62,100	72,570
Income tax and Social Contribution tax recoverable	8 a	176,457	228,968	135,221	—	—	—
Traders — Transactions in “Free Energy”		42,617	20,755	22,080	—	—	—
Dividends receivable		95,257	113,364	73,578	602,024	511,043	195,196
Linked funds		101,933	132,493	3,386	99	233	99
Inventories		39,882	41,204	31,041	12	12	15
Provision for gains on financial instruments	27	—	20,445	—	—	—	—
Accounts receivable from Minas Gerais state government	11	—	2,422,099	—	—	2,422,099	—
Passthrough from CDE (Energy Development) Account	10	102,904	—	—	—	—	—
Other credits		477,187	538,219	408,453	13,863	12,522	8,702
TOTAL, CURRENT		7,490,510	8,803,752	5,767,803	2,176,259	4,092,494	683,277

NON-CURRENT
Securities	5	173,893	99,116	—	46,289	7,627	—
Accounts receivable from Minas Gerais state government	11	—	—	1,830,075	—	—	—
Receivables Investment Fund		—	—	—	—	—	1,010,079
Deferred income tax and Social Contribution tax	8 b	1,200,897	1,303,920	931,438	366,620	392,637	431,687
Recoverable taxes	7	382,881	391,608	281,252	4,757	4,757	4,334
Income tax and Social Contribution tax recoverable	8 a	51,160	27,911	19,548	51,160	27,911	19,548
Escrow deposits in litigation	9	1,189,903	1,300,507	1,276,232	143,337	270,702	275,721
Consumers and Traders	6	254,826	221,150	61,822	—	—	—
Concession holders — Transport of electricity		—	10,440	11,931		—	—
Other credits		75,816	97,678	83,822	17,410	39,788	50,694
Financial assets of the concession	12	5,701,329	5,475,463	3,834,358	—	—	—
Investments	13	5,705,822	6,855,253	6,351,309	11,518,208	11,827,567	11,929,888
Property, plant and equipment	14	5,950,404	6,108,729	6,392,332	1,456	1,584	1,723
Intangible assets	15	1,900,501	1,874,354	2,779,400	888	981	657
TOTAL, NON-CURRENT		22,587,432	23,766,129	23,853,519	12,150,125	12,573,554	13,724,331
TOTAL ASSETS		30,077,942	32,569,881	29,621,322	14,326,384	16,666,048	14,407,608

The Condensed Explanatory Notes are an integral part of the Interim Financial Statements.

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STATEMENTS OF FINANCIAL POSITION

AT JUNE 30, 2013 AND DECEMBER 31, 2012

LIABILITIES

R$ ’000

		Consolidated			Holding company
	Note	June 30, 2013	Dec. 31, 2012 (Re-presented)	Jan. 1, 2012 (Re-presented)	June 30, 2013	Dec. 31, 2012 (Re-presented)	Jan. 1, 2012 (Re-presented)
CURRENT
Suppliers	16	1,030,230	1,305,935	843,697	14,573	12,338	12,059
Regulatory charges	19	214,337	317,048	271,409	—	—	—
Profit shares		83,866	84,123	87,800	7,740	7,776	9,357
Taxes	17a	413,174	515,425	460,908	20,933	60,119	35,740
Income tax and Social Contribution tax	17b	23,658	31,946	29,590	—	—	—
Interest on Equity, and dividends, payable		1,418,731	3,478,810	1,243,086	1,418,731	3,478,810	1,243,086
Loans and financings	18	1,431,199	4,901,538	2,633,655	—	1,102,721	1,011,830
Debentures	18	990,799	1,564,531	1,870,176	—	—	—
Payroll and related charges		212,423	226,743	241,488	8,326	11,169	12,987
Post-retirement liabilities	20	54,690	51,227	74,441	2,691	2,520	3,706
Debt to related parties		—	—	—	—	11,132	8,646
Concessions payable		20,392	16,270	7,990	—	—	—
Other liabilities		337,471	304,710	334,629	21,278	15,147	15,137
TOTAL, CURRENT		6,230,970	12,798,306	8,098,869	1,494,272	4,701,732	2,352,548

NON-CURRENT
Suppliers	16	5,650	4,282	4,874	—	—	—
Regulatory charges	19	198,153	169,201	261,930	—	—	—
Loans and financings	18	2,283,781	1,608,770	3,825,345	—	—	18,397
Debentures	18	4,757,404	2,340,954	2,174,715	—	—	—
Taxes	17a	708,997	686,172	773,370	—	—	—
Income tax and Social Contribution tax	8 b	276,202	307,188	333,305	—
Provisions	21	301,622	265,476	311,069	154,382	146,089	185,952
Concessions payable		181,726	171,448	129,629	—	—	—
Post-retirement liabilities	20	2,622,535	2,574,948	1,956,238	209,031	205,733	117,532
Other liabilities		102,386	93,140	85,714	60,183	62,498	66,915
TOTAL, NON-CURRENT		11,438,456	8,221,579	9,856,189	423,596	414,320	388,796
TOTAL LIABILITIES		17,669,426	21,019,885	17,955,058	1,917,868	5,116,052	2,741,344

STOCKHOLDERS’ EQUITY	22
Share capital		4,813,362	4,265,091	3,412,073	4,813,362	4,265,091	3,412,073
Capital reserves		3,405,579	3,953,850	3,953,850	3,405,579	3,953,850	3,953,850
Profit reserves		2,228,045	2,856,176	3,292,871	2,228,045	2,856,176	3,292,871
Stockholders’ equity Valuation Adjustments		417,814	474,879	1,007,470	417,814	474,879	1,007,470
Retained earning		1,543,716	—	—	1,543,716	—	—
Total of stockholders’ equity		12,408,516	11,549,996	11,666,264	12,408,516	11,549,996	11,666,264
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		30,077,942	32,569,881	29,621,322	14,326,384	16,666,048	14,407,608

The Condensed Explanatory Notes are an integral part of the Interim Financial Statements.

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PROFIT AND LOSS ACCOUNTS

FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012

R$ ’000 (except Net profit per share)

		Consolidated				Holding company
	Note	Jan–Jun, 2013		Jan–Jun 2013 (Re-presented)		Jan–Jun 2013		Jan–Jun 2012 (Re-presented)
REVENUE	23	7,116,584		6,655,043		161		161

OPERATIONAL COSTS
COST OF ELECTRICITY	24
Electricity bought for resale		(2,274,710	)	(1,936,818	)	—		—
Charges for the use of the national grid		(254,092	)	(435,389	)	—		—
		(2,528,802	)	(2,372,207	)	—		—
COST	24
Personnel and managers		(429,795	)	(421,061	)	—		—
Materials		(69,441	)	(21,071	)	—		—
Outsourced services		(304,564	)	(293,321	)	—		—
Depreciation and amortization		(356,674	)	(351,532	)	—		—
Operational provisions		(47,857	)	(28,605	)	—		—
Royalties for use of water resources		(62,853	)	(94,849	)	—		—
Infrastructure construction cost		(465,405	)	(584,954	)	—		—
Other		(79,860	)	(40,498	)	—		—
		(1,816,449	)	(1,835,891	)	—		—

TOTAL COST		(4,345,251	)	(4,208,098	)	—		—

GROSS PROFIT		2,771,333		2,446,945		161		161

OPERATIONAL EXPENSES	24
Selling expenses		(34,484	)	(33,791	)	—		—
General and administrative (expenses) / reversals		(512,867	)	(330,708	)	(31,112	)	(28,045	)
Other operational expenses		(221,893	)	(236,960	)	(59,492	)	(13,979	)
		(769,244	)	(601,459	)	(90,604	)	(42,024	)

Equity gain (loss) in subsidiaries		250,582		237,686		1,335,912		1,263,711
Gain on disposal of investments		284,298		—		378,378		—
Unrealized profit		(80,959	)	—		(80,959	)	—

Operational profit before Financial revenue (expenses) and taxes		2,456,010		2,083,172		1,542,888		1,221,848

Financial revenues	25	282,839		296,526		76,445		72,845
Financial expenses	25	(597,961	)	(637,395	)	(24,414	)	(58,967	)
Pretax profit		2,140,888		1,742,303		1,594,919		1,235,726

Income tax and Social Contribution tax	8c	(584,980	)	(665,367	)	(86,319	)	—
Deferred income tax and Social Contribution tax	8c	(73,323	)	158,684		(26,015	)	(106	)
NET PROFIT FOR THE PERIOD		1,482,585		1,235,620		1,482,585		1,235,620

Basic and diluted profit per preferred share	22	1.54		1.28		1.54		1.28
Basic and diluted profit per common share	22	1.54		1.28		1.54		1.28

The Condensed Explanatory Notes are an integral part of the Interim Financial Statements.

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PROFIT AND LOSS ACCOUNTS

FOR THE THREE-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012

(R$ ’000, expect net profit per thousand shares)

		Consolidated				Holding company
	Note	Apr–Jun 2013		Apr–Jun 2012 (Re-presented)		Apr–Jun 2013		Apr–Jun 2012 (Re-presented)
REVENUE	23	3,438,990		3,463,114		81		81

OPERATIONAL COSTS
COST OF ELECTRICITY	24
Electricity bought for resale		(1,301,923	)	(1,078,457	)	—		—
Charges for the use of the national grid		(127,867	)	(217,739	)	—		—
		(1,429,790	)	(1,296,196	)	—		—
COST	24
Personnel and managers		(217,015	)	(211,294	)	—		—
Materials		(18,062	)	(12,891	)	—		—
Outsourced services		(159,019	)	(147,177	)	—		—
Depreciation and amortization		(169,440	)	(167,085	)	—		—
Operational provisions		(41,598	)	13,096		—		—
Royalties for use of water resources		(28,812	)	(45,875	)	—		—
Infrastructure construction cost		(261,058	)	(360,461	)	—		—
Other		(60,254	)	(14,104	)	—		—
		(955,258	)	(945,791	)	—		—

TOTAL COST		(2,385,048	)	(2,241,987	)	—		—

GROSS PROFIT		1,053,942		1,221,127		81		81

OPERATIONAL EXPENSES	24
Selling expenses		(13,862	)	(13,599	)	—		—
General and administrative (expenses) / reversals		(166,781	)	(128,833	)	11,331		(984	)
Other operational expenses		(92,796	)	(126,800	)	(52,157	)	(7,252	)
		(273,439	)	(269,232	)	(40,826	)	(8,236	)

Equity gain (loss) in subsidiaries	13	84,424		88,343		458,976		614,527
Gain on disposal of investments	13	284,298		—		378,378		—
Unrealized profit	13	(80,959	)	—		(80,959	)	—

Operational profit before Financial revenue (expenses) and taxes		1,068,266		1,040,238		715,650		606,372

Financial revenues	25	144,450		143,172		23,307		30,124
Financial expenses	25	(296,036	)	(324,853	)	(1,272	)	(27,696	)
Pretax profit		916,680		858,557		737,685		608,800

Income tax and Social Contribution tax	8c	(246,590	)	(338,140	)	(84,423	)	0
Deferred income tax and Social Contribution tax	8c	(52,852	)	83,815		(36,024	)	(4,568	)
NET PROFIT FOR THE PERIOD		617,238		604,232		617,238		604,232

Basic and diluted profit per preferred share	22	0.64		0.63		0.64		0.63
Basic and diluted profit per common share	22	0.64		0.63		0.64		0.63

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STATEMENTS OF COMPREHENSIVE INCOME

FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012

R$ ’000

	Consolidated		Holding company
	Jan–Jun 2013	Jan–Jun , 2012 (Re- presented)	Jan–Jun 2013	Jan–Jun , 2012 (Re- presented)
PROFIT (LOSS) FOR THE PERIOD	1,482,585	1,235,620	1,482,585	1,235,620

OTHER COMPREHENSIVE INCOME
Equity gain on Other comprehensive income in subsidiary and jointly-controlled subsidiary	4,066	3,633	4,066	3,633

COMPREHENSIVE PROFIT (LOSS) FOR THE PERIOD	1,486,651	1,239,253	1,486,651	1,239,253

STATEMENTS OF COMPREHENSIVE INCOME

FOR THE THREE-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012

R$ ’000

	Consolidated		Holding company
	Apr–Jun 2013	Apr–Jun 2012 (Re- presented)	Apr–Jun 2013	Apr–Jun 2012 (Re- presented)
PROFIT (LOSS) FOR THE PERIOD	617,238	604,232	617,238	604,232

OTHER COMPREHENSIVE INCOME
Equity gain on Other comprehensive income in subsidiary and jointly-controlled subsidiary	4,942	5,746	4,942	5,746

COMPREHENSIVE PROFIT (LOSS) FOR THE PERIOD	622,180	609,978	622,180	609,978

The Condensed Explanatory Notes are an integral part of the Interim Financial Statements.

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STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY — CONSOLIDATED

FOR THE PERIODS ENDED JUNE 30, 2013 AND 2012

R$ ’000

	Share capital	Capital reserves		Profit reserves		Valuation adjustments to Stockholders’ equity		Retained earnings (losses)	Total Stockholders’ equity
BALANCES AT DECEMBER 31, 2011, PREVIOUSLY PRESENTED	3,412,073	3,953,850		3,292,871		1,086,154		—	11,744,948
Effects of adoption of new accounting practices (Note 2.2)	—	—		—		(78,684	)	—	(78,684	)
DECEMBER 31, 2011 BALANCES ADJUSTED FOR CHANGE IN ACCOUNTING PRACTICE	3,412,073	3,953,850		3,292,871		1,007,470		—	11,666,264
Profit (loss) for the period	—	—		—		—		1,235,620	1,235,620
Other comprehensive income:
Equity gain on Other comprehensive income in subsidiary and jointly-controlled subsidiary	—	—		—		3,633		—	3,633
Total comprehensive income for the period	—	—		—		3,633		1,235,620	1,239,253
Other changes in Stockholders’ equity
Increase in registered capital	853,018			(853,018	)				—
Additional dividend proposed for 2011				(86,316	)				(86,316	)
Realization of reserves
Adjustments to Stockholders’ equity — attributed cost of PP&E	—	—		—		(92,773	)	92,773	—
BALANCE ON JUNE 30, 2012	4,265,091	3,953,850		2,353,537		918,330		1,328,393	12,819,201

BALANCES AT DECEMBER 31, 2012, PREVIOUSLY PRESENTED	4,265,091	3,953,850		2,856,176		968,945		—	12,044,062
Effects of adoption of new accounting practices (Note 2.2)	—	—		—		(494,066	)	—	(494,066	)
DECEMBER 31, 2012 BALANCES ADJUSTED FOR CHANGE IN ACCOUNTING PRACTICE	4,265,091	3,953,850		2,856,176		474,879		—	11,549,996
Profit (loss) for the period	—	—		—		—		1,482,585	1,482,585
Other comprehensive income:
Equity gain on Other comprehensive income in subsidiary and jointly-controlled subsidiary	—	—		—		4,066		—	4,066
Total comprehensive income for the period	—	—		—		4,066		1,482,585	1,486,651
Other changes in Stockholders’ equity
Increase in share capital	548,271	(548,271	)	—		—		—	—
Additional dividend proposed in 2012 (R$ 0.74 per share)	—	—		(628,131	)	—		—	(628,131	)
Realization of reserves
Adjustments to Stockholders’ equity — attributed cost of PP&E	—	—		—		(61,131	)	61,131	—
BALANCES ON JUNE 30, 2013	4,813,362	3,405,579		2,228,045		417,814		1,543,716	12,408,516

The Condensed Explanatory Notes are an integral part of the Interim Financial Statements.

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STATEMENTS OF CASH FLOW

FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012

R$ ’000

	Consolidated				Holding company
	Jan–Jun 2013		Jan–Jun 2012 (Re-presented)		Jan–Jun 2013		Jan–Jun 2012 (Re-presented)
CASH FLOW FROM OPERATIONS
Profit (loss) for the period	1,482,585		1,235,620		1,482,585		1,235,620
Expenses (revenues) not affecting cash and cash equivalents
Income tax and Social Contribution tax	658,303		506,683		112,334		106
Depreciation and amortization	387,125		371,315		201		185
Gain on disposal of investments	(284,298	)	—		(378,378	)	—
Equity gain (loss) in subsidiaries	(250,582	)	(237,686	)	(1,335,912	)	(1,263,711	)
Unrealized profit	80,959		—		80,959		—
Interest and monetary updating	450,290		464,736		(22,087	)	12,754
Provisions for operational losses	75,001		46,036		8,293		(18,392	)
Post-retirement liabilities	137,757		114,494		8,173		7,394
Other	3,186		10,754		20		15
	2,740,326		2,511.952		(43,812	)	(26,029	)
(Increase) / decrease in assets
Consumers and Traders	61,901		(65,731	)	—		—
Passthrough from CDE (Energy Development) Account	(102,904	)	—		—		—
Recoverable taxes	52,408		(40,039	)	57,254		(1,172	)
Income tax and Social Contribution tax recoverable	58,962		(5,148	)	(23,249	)	(9,627	)
Transport of electricity	106,941		(37,775	)	—		—
Dividends received	276,222		227.569		235,786		609,318
Financial assets	295,906		28,081		—		—
Other	224,968		(247,135	)	148,538		12,266
	974,404		(140,178	)	418,329		610,785
Increase (reduction) in liabilities
Suppliers	(275,705	)	101,492		2,235		(4,742	)
Taxes	(79,426	)	(33,790	)	(39,186	)	(13,951	)
Income tax and Social Contribution tax	(107,350	)	(32,432	)	21,783		14,302
Payroll and related charges	(14,320	)	(31,533	)	(2,843	)	(2,958	)
Regulatory charges	(73,759	)	(19,457	)	—		—
Post-retirement liabilities	(86,707	)	(98,842	)	(4,704	)	(4,940	)
Other	37,012		(22,230	)	(7,349	)	(147	)
	(600,255	)	(136,792	)	(30,064	)	(12,436	)

Cash from operational activities	3,114,475		2,234,982		344,453		572,320

Interest paid on loans and financings	(657,880	)	(530,764	)	(17,784	)	(4,784	)
Income tax and Social Contribution tax paid	(516,904	)	(482,342	)	(108,102	)	(10,800	)
CASH FROM OPERATIONAL ACTIVITIES	1,939,691		1,221,876		218,567		556,736

CASH FLOWS FROM INVESTMENT ACTIVITIES
In securities — short-term investments	(2,073,731	)	(631,993	)	(1,169,341	)	30,515
Accounts receivable received from Minas Gerais state government	2,465,646		96,329		2,465,646		—
In financial assets	(46,233	)	(45,600	)	—		—
Investments	1,351,574		(117,536	)	1,619,986		(4,603	)
Gain on disposal of investments	1,691,415		—		1,619,986
Acquisition of investments	(94,184	)	—		—		—
Injection of capital	(236,734	)	(117,536	)	—		—
Other	(8,923	)	—		—		(4,603	)
In PP&E	(4,115	)	(44,818	)	—		—
In intangible assets	(444,119	)	(542,592	)	—		—
NET CASH FROM (USED IN) INVESTMENT ACTIVITIES	1,249,022		(1,286,210	)	2,916,291		25,912

CASH FLOW IN FINANCING ACTIVITIES
New loans, financings and debentures	2,442,510		2,591,159		—		—
Payment of loans, financings and debentures	(3,232,080	)	(2,884,086	)	(1,106,397	)	(18,397	)
Interest on Equity, and dividends	(2,688,210	)	(647,963	)	(2,688,210	)	(647,963	)
NET CASH USED IN FINANCING ACTIVITIES	(3,477,780	)	(940,890	)	(3,794,607	)	(666,360	)

NET CHANGE IN CASH AND CASH EQUIVALENTS	(289,067	)	(1,005,224	)	(659,749	)	(83,712	)

STATEMENT OF CHANGES IN CASH AND CASH EQUIVALENTS
Beginning of the year	1,919,125		2,103,870		1,057,122		226,695
End of the year	1,630,058		1,098,646		397,373		142,983
	(289,067	)	(1,005,224	)	(659,749	)	(83,712	)

The Condensed Explanatory Notes are an integral part of the Interim Financial Statements.

Table of Contents

STATEMENTS OF ADDED VALUE

FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2013 AND 2012

R$ ’000

	Consolidated				Holding company
	Jan–Jun, 2013		Jan–Jun, 2012 (Re-presented)		Jan–Jun, 2013		Jan–Jun, 2012 (Re- presented)
REVENUE
Sales of electricity and services	9,064,480		9,138,892		161		161
Distribution construction revenue	421,826		542,426		—		—
Transmission construction revenue	43,579		42,528		—		—
Gain on disposal of investments	1,691,415		—		1,619,986		—
Other revenues	2,300		2,606		—		—
Allowance for doubtful receivables	(34,501	)	(33,801	)	—		—
	11,189,099		9,692,651		1,620,147		161

INPUTS ACQUIRED FROM THIRD PARTIES
Electricity bought for resale	(2,416,955	)	(2,133,716	)	—		—
Charges for use of the national grid	(284,495	)	(489,438	)	—		—
Outsourced services	(660,684	)	(628,789	)	(4,281	)	(5,700	)
Materials	(273,768