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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. Below, a summary of related-party transactions occurred in the quarters ended 2013 and 2012:
CONSOLIDATED Groups Balance Sheet Supplier Contracts with the same group (Agreement objectives and characteristics) Strategic agreement Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Purchase agreement of electric power between Light SESA and CEMIG Strategic agreement Sale agreement of electric power between Light Energia and CEMIG Strategic agreement Collection of distribution system usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light SESA and CEMIG Strategic agreement Commitment to the basic electric network usage charges between Light Energia and CEMIG Relationship with Light S.A. CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) CEMIG (Party of the controlling group) ASSET 3/31/2013 12/31/2012 LIABILITY 3/31/2013 6,592 12/31/2012 8,906 REVENUE 3/31/2013 3/31/2012 EXPENDUTURE 3/31/2013 14,501 3/31/2012 20,475
Supplier
272
259
605
404
Supplier
398
2,495
883
5,000
Supplier
94
163
287
590
Supplier
359
1,614
806
3,830
Supplier
11
12
32
36
Post-employment Pension Plan Benefit Fundao de Seguridade Social (Social Security Foundation) - BRASLIGHT
BRASLIGHT
1,381,481
1,370,738
39,398
40,552
Jan / 2006
Dec / 2038
Supplier
37,600
Jan / 2010
Dec / 2039
57,263
Supplier
156,239
Jan / 2005
Dec / 2013
N/A
34,456
Supplier
Nov / 2003
Undetermined
N/A
94
Supplier
Dec / 2002
Undetermined
N/A
359
Supplier
Dec / 2002
Undetermined
N/A
11
Post-employment benefit
BRASLIGHT
535,052
Jun / 2001
Jun / 2026
N/A
1,381,481
IPCA+ 6% p.a
The subsidiary Light Energia has a purchase contract of 400 MW of installed power capacity from the portfolio projects of its jointly-owned subsidiary Renova Energia S.A., and 200 MW will be made available from 2015 to 2035 and 200 MW from 2016 to 2036. Related-party transactions have been executed in accordance with the agreements between the parties.
MANAGEMENT REMUNERATION Policy regarding remuneration of the Board of Directors, Executive Board, Fiscal Council and board committees. Pro-rata share of each component to the aggregate remuneration for 2013.
Board of Directors Fixed Compensation: Board of Executive Officers Fixed Compensation: Variable Compensation: Fiscal Council Fixed Compensation:
Remuneration paid by the Company to the Board of Directors, Executive Board, and Fiscal Council in the quarter ended 2013:
Statutory Board of Executive Offcers 8.0 164 137 27 164 1,749 1,209 201 339 552 552 2,301
2013 Number of members (*) Fixed compensation for the period Salary or pro-labore Direct and indirect benefits Others
(1)
Variable compensation for the period Other Total compensation per body
(1)
Average remuneration due to the Board of Directors, Executive Board, and Fiscal Council in the quarter ended 2013:
Statutory Board of Executive Offcers 8.0 21 11 14 296 168 245
2013 Number of members (*) Highest individual compensation ** Lowest individual compensation ** Average individual compensation **
*number of members calculated through the periods weighted average. **Excluding Social Security and FGTS charges
Overall management compensation at the parent company Light S.A. for the quarter ended March 31, 2013 is R$428.