Documente Academic
Documente Profesional
Documente Cultură
RELATED-PARTY TRANSACTIONS
On June 30, 2014, Light S.A. pertained to the controlling group Companhia Energtica
de Minas Gerais CEMIG, Luce Empreendimentos e Participaes S.A. and Rio Minas
Energia Participaes S.A (RME) company controlled by Redentor Energia S.A.
06.30.2014
Reference
Asset
12.31.2013
Liability
Asset
Liability
01.01.2014 to
06.30.2014
01.01.2013 to
06.30.2013
Revenue
(Expenses)
Revenue
(Expenses)
(A)
526
5,337
(6,752)
(25,252)
(B)
222
282
(1,178)
(505)
(C)
772
(D)
171
356
578
(E)
414
378
(1,823)
(1,567)
(F)
62
62
(G)
(8,126)
(7,925)
(H)
1,140
1,484
(8,586)
(7,856)
(I)
152
130
(J)
Consulting service
Light SESA x Axxiom
491
5,287
(2,256)
(3,214)
(K)
Service rendering
Light
Energia x Lightger
1,204
2,876
(L)
36,174
313,050
(M)
131
1,224,736
(3,539)
(69,856)
(N)
1,146
637
(3,031)
(69,856)
70
10
25
182,370
11
25
3,083
(A) Strategic agreement - Purchase of electric power between Light SESA and
CEMIG.
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: R$614,049
Duration: Jan/2006 to Dec/2038
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: 30% of remaining balance
Remaining balance: R$300,672
(B) Strategic agreement - Purchase of electric power between Light SESA and
CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: R$37,600
Duration: Jan/2010 to Dec/2039
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: 30% of remaining balance
Remaining balance: R$61,742
(C) Strategic agreement - Sale of electric power between Light Energia and CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: R$156,239
Duration: Jan/2005 to Dec/2013
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: N/A
Remaining balance: R$0
(F) Strategic agreement - Commitment to the basic electric network usage charges
between Light Energia and CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: N/A
Duration: as of Dec/2002
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: N/A
Remaining balance: R$ 10
(G) Strategic agreement Purchase of electric power between Light Energia and
Lightger
Balance sheet groups: Trade payables x Trade receivables
Relationship: Lightger (under common control)
Original amount: R$217,213
Duration: Dec/2010 to Jun/2028
Terms of agreement: market price
Conditions of termination or expiration: N/A
Remaining balance: R$0
(H) Strategic agreement - Sale of electric power between Lightger and CEMIG
Balance sheet groups: Trade payables x Trade receivables
Relationship: CEMIG (party of the controlling group)
Original amount: R$208,818
Duration: Dec/2010 to Jun/2028
Terms of agreement: Price established in the regulated market
Conditions of termination or expiration: N/A
Remaining balance: R$1,140
(I) Strategic agreement Commitment to the basic electric network usage charges
between Light SESA and Lightger
Balance sheet groups: Trade receivables x Trade payables
Relationship: Lightger (under common control)
Original amount: N/A
Duration: as of Dec/2010. Undetermined duration.
Terms of agreement: regulated market price
Conditions of termination or expiration: N/A
Remaining balance: R$25
(J) Strategic agreement Consulting services between Light SESA and Axxiom
(K) Strategic agreement Related to services between Light Energia and Lightger.
Balance sheet groups: Trade receivables x Trade payables
Relationship: Lightger (under common control)
Original amount: N/A
Duration: December 2012 to June 2014
Conditions of agreement: market price
Conditions of termination or expiration: N/A
Remaining balance: R$0
(N)
Strategic agreement related to services between Ativa Data Center and Light.
The subsidiary Light Energia has a purchase contract of 400 MW of installed power
capacity from the portfolio projects of its jointly controlledRenova Energia S.A., and
200 MW to be made available from 2015 to 2035 and 200 MW from 2016 to 2036.
Policy regarding remuneration of the Board of Directors, Executive Board and Fiscal
Council (consolidated).
Pro-rata share of each component to the aggregate remuneration for in the first
semester of 2014 and 2013:
Consolidated
6 months
2014
Board of
Directors
Fixed remuneration (%)
2013
Board of
Executive
Officers
Fiscal Council
100%
100%
Board of
Directors
45%
100%
100%
55%
Other (%)
TOTAL
100%
100%
100%
Board of
Executive
Officers
Fiscal Council
100%
52%
42%
6%
100%
100%
Remuneration paid by the Company to the Board of Directors, Executive Board, and
Fiscal Council for in the first semester of 2014 and 2013:
Consolidated
6 months
2014
Board of
Directors
22.00
2013
Fiscal Council
Board of
Executive
Officers
10.00
8.00
Total
Board of
Directors
Fiscal Council
Board of
Executive
Officers
Total
40.00
21.30
10.00
8.00
39.30
863
337
6,568
7,768
812
330
4,823
5,965
Salary or pro-labore
719
281
2,724
3,724
677
275
2,630
3,582
421
421
3,423
3,623
135
Other
(b)
144
56
55
417
417
1,776
1,966
7,886
7,886
3,844
3,844
Bonus
7,886
7,886
3,182
3,182
Other
662
662
863
337
14,454
15,654
812
330
531
531
9,198
10,340
Average remuneration due to the Board of Directors, Executive Board, and Fiscal
Council for in the first semester of 2014 and 2013:
Consolidated
6 months
2014
Board of
Directors
NUMBER OF MEMBERS (a)
22.00
(b)
(a)
(b)
(b)
2013
Fiscal Council
Board of
Executive
Officers
Board of
Directors
Fiscal Council
Board of
Executive
Officers
10.00
8.00
21.30
10.00
8.00
70
56
3,217
54
43
35
28
1,380
27
22
580
39
34
1,807
38
33
1,150
39
34
1,807
38
33
1,150
Overall management remuneration in Light S.A., parent company, for in the first
semester of 2014 is R$1,915 (R$1,160 in the first semester of 2013).
1,556