EBR Centrais Eletricas Brasileiras SA Eletrobras

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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FORM 6-K

 

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

 

For the month of June, 2023

 

Commission File Number 1-34129

 

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CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS

(Exact name of registrant as specified in its charter)

BRAZILIAN ELECTRIC POWER COMPANY

(Translation of Registrant's name into English)

Rua da Quitanda, 196 – 24th floor,
Centro, CEP 20091-005,
Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

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

Form 20-F ___X___ Form 40-F _______

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

Yes _______ No___X____

 

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS
INCOME STATEMENT FOR THE PERIODS ENDED ON MARCH 31, 2023
(in thousands of Brazilian Reais)
		Eletrobras Holding		Furnas		Chesf		Eletronorte		CGT Eletrosul		Eletropar		Eliminations		Eletrobras Consolidated
		0		0		0		0		0		0		0		0
NET OPERATING REVENUE - ROL		13,294		3,568,663		2,151,411		2,802,725		812,976		572		139,808		9,209,833
GENERATION		-		2,661,952		1,092,730		2,489,769		379,122		-		63,348		6,560,225
Procurement		-		1,802,632		133,259		1,770,105		378,065		-		63,348		4,020,713
Supply		-		470,604		200,974		402,674		-		-		-		1,074,252
CCEE		-		29,297		96,543		308,418		1,057		-		-		435,315
Revenue from operation and maintenance		-		359,419		661,954		8,572		-		-		-		1,029,945
Revenue from construction of Plants		-		-		-		-		-		-		-		-
Itaipu Transfer		-		-		-		-		-		-		-		-
TRANSMISSION		-		1,521,513		1,448,967		802,763		513,934		-		71,005		4,216,172
Revenue from operation and maintenance - Renewed Lines		-		-		-		-		-		-		-		-
Revenue from operation and maintenance		-		537,978		589,197		354,877		222,469		-		71,005		1,633,516
Financial - Return on Investment - RBSE		-		-		-		-		-		-		-		-
Construction revenue		-		35,964		153,736		39,156		55,005		-		-		283,861
Contractual revenue - Transmission		-		947,571		706,034		408,730		236,460		-		-		2,298,795
OTHER REVENUES		13,179		9,447		15,401		171,888		15,795		572		5,455		220,827
DEDUCTIONS		115		(624,249)		(405,687)		(661,695)		(95,875)		-		-		(1,787,391)
(-) Encargos setoriais		-		(186,423)		(163,673)		(247,027)		(21,875)		-		-		(618,998)
(-) ICMS		-		(59,648)		(34,628)		(161,249)		(240)		-		-		(255,765)
(-) PASEP e COFINS		115		(378,045)		(207,195)		(251,399)		(73,568)		-		-		(910,092)
(-) Outras Deduções		-		(133)		(191)		(2,020)		(192)		-		-		(2,536)
OPERATING COSTS		(25)		(1,648,621)		(885,473)		(1,172,087)		(443,122)		-		(134,353)		(4,014,975)
Personnel, Supplies and Services		-		(310,097)		(216,231)		(196,851)		(120,884)		-		-		(844,063)
Personnel		-		(188,960)		(155,117)		(122,819)		(82,546)		-		-		(549,442)
Consensual Dismissal Plan (PDC) - Provision		-		-		-		-		-		-		-		-
Supplies		-		(15,067)		(3,024)		(13,635)		(4,198)		-		-		(35,924)
Services		-		(106,070)		(58,090)		(60,397)		(34,140)		-		-		(258,697)
Energy purchased for resale		(25)		(453,667)		(49,447)		(43,919)		(154,795)		-		(63,348)		(638,505)
Charges on the use of the power grid		-		(389,358)		(253,378)		(222,022)		(16,328)		-		(71,005)		(810,081)
Combustível para produção de energia elétrica		-		(98,318)		-		(311,051)		(32,652)		-		-		(442,021)
Construction		-		(35,821)		(268,594)		(38,991)		(54,793)		-		-		(398,199)
Depreciation		-		(263,757)		(28,655)		(106,237)		(51,505)		-		-		(450,154)
Amortization		-		(97,603)		(59,647)		(242,719)		(1,152)		-		-		(401,121)
Provisions/Operational reversals		-		-		-		-		-		-		-		-
Other Costs		-		-		(9,521)		(10,297)		(11,013)		-		-		(30,831)
GROSS INCOME		13,269		1,920,042		1,265,938		1,630,638		369,854		572		5,455		5,194,858
OPERATING EXPENSES		(277,469)		(517,876)		(369,592)		(366,842)		(177,893)		(1,133)		(5,455)		(1,705,350)
Personnel, Supplies and Services		(181,746)		(153,343)		(127,543)		(194,270)		(63,568)		(1,133)		-		(721,603)
Personnel		(95,357)		(85,453)		(93,141)		(164,764)		(47,224)		(421)		-		(486,360)
Extraordinary Retirement Program		(3,654)		-		(3,233)		16,897		-		-		-		10,010
Supplies		(206)		(1,740)		(5,510)		-		(1,195)		-		-		(8,651)
Services		(82,529)		(66,150)		(25,659)		(46,403)		(15,149)		(712)		-		(236,602)
Depreciation		(3,214)		(11,022)		(7,789)		(18,154)		(4,388)		-		-		(44,567)
Amortization		(3)		(2,499)		(247)		(2,135)		(2,657)		-		-		(7,541)
Donations and contributions		(2,534)		(19,684)		(1,535)		(19,577)		(3,191)		-		-		(46,521)
Provisions/Operational reversals		(34,242)		(255,212)		(115,997)		(69,661)		(101,087)		-		-		(576,199)
Other expenses		(55,730)		(76,116)		(116,481)		(63,045)		(3,002)		-		(5,455)		(308,919)
Regulatory remeasurements - Transmission contracts		-		-		-		-		-		-		-		-
OPERATING INCOME BEFORE FINANCIAL INCOME		(264,200)		1,402,166		896,346		1,263,796		191,961		(561)		-		3,489,508
FINANCIAL INCOME		(589,279)		(1,006,128)		(516,004)		(935,502)		(87,040)		1,132		-		(3,132,821)
Revenue from financial investments		291,690		397,562		46,524		27,376		21,028		1,485		-		785,665
Interest income, fines, commissions and fees		260,951		5,620		-		-		-		-		121,072		145,499
Addition of moratorium on electricity		-		299		2,367		54,362		-		-		-		57,028
Active monetary restatements		108,203		43,499		49,230		23,652		10,059		-		94,464		140,179
Active exchange variations		226,265		7,969		-		8,030		5		-		11,368		230,901
Revenue from Interest on Dividends		-		-		-		-		-		-		-		-
Gains from derivatives		-		-		-		-		-		-		-		-
Other financial income		125,571		6,057		4,338		11,775		2,071		-		-		149,812
(-) Taxation on Financial Revenue		(38,584)		(20,685)		-		(5,758)		(1,541)		(69)		-		(66,637)
																-
Debt charges		(633,094)		(957,502)		(22,658)		(152,420)		(63,707)		-		(121,072)		(1,708,309)
Charges - Obligations to CDE		-		(159,067)		(231,253)		(162,781)		-		-		-		(553,101)
Charges - Revitalization of River Basins		-		(23,196)		(35,298)		(29,751)		-		-		-		(88,245)
Leasing charges		(977)		(2,519)		(55)		(139,090)		(898)		-		-		(143,539)
Charges on shareholders' funds		-		-		-		-		-		-		-		-
Passive monetary adjustments		(451,385)		(59,581)		(5,006)		(80,072)		(32,155)		-		(94,464)		(533,735)
Monetary restatement - Obligations to CDE		-		(173,631)		(252,428)		(177,686)		-		-		-		(603,745)
Monetary restatement - Revitalization of River Basins		-		(33,489)		(50,962)		(42,954)		-		-		-		(127,405)
Passive exchange variations		(75,523)		-		-		-		(3,796)		-		(11,368)		(67,951)
Losses from derivatives		-		-		-		(232,916)		-		-		-		(232,916)
Other financial expenses		(402,396)		(37,464)		(20,803)		(37,269)		(18,106)		(284)		-		(516,322)
INCOME BEFORE EQUITY INVESTMENTS		(853,479)		396,038		380,342		328,294		104,921		571		-		356,687
Income from equity investments		1,354,188		146,663		46,638		(18,893)		891		5,456		1,026,117		508,826
Other income and expenses		(12,699)		(199)		-		-		-		1,441		-		(11,457)
Effect of Law 14,182/2021		-		-		-		-		-		-		-		-
OPERATING INCOME BEFORE TAXES		488,010		542,502		426,980		309,401		105,812		7,468		1,026,117		854,056
Current income tax and social contribution		608		(313,131)		(34,215)		(113,992)		(12,496)		(96)		(74,909)		(398,413)
Deferred income tax and social contribution		-		58,081		(89,298)		6,191		(24,654)		-		-		(49,680)
Tax incentive income		-		-		25,174		49,735		-		-		74,909		-
Portion Attributed to Non-Controlling Shareholders		-		(83,715)		-		-		(90)		-		(83,805)		-
NET PROFIT (LOSS) FOR THE PERIOD		488,618		371,167		328,641		251,335		68,752		7,372		1,109,922		405,963
NET PROFIT (LOSS) FROM DISCONTINUED OPERATIONS		-		-		-		-		-		-		-		-
NET PROFIT (LOSS) FOR THE PERIOD		488,618		371,167		328,641		251,335		68,752		7,372		1,109,922		405,963

 

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS
INCOME STATEMENT FOR THE PERIODS ENDED ON MARCH 31, 2022
(in thousands of Brazilian Reais)
		Eletrobras Holding		Furnas		Chesf		Eletronorte		CGT Eletrosul		Eletropar		Eliminations		Eletrobras Consolidated
NET OPERATING REVENUE - ROL		19,206		2,792,920		2,002,819		2,510,754		963,983		92		122,165		8,167,609
GENERATION		21,415		1,637,959		942,235		2,319,741		509,810		-		57,167		5,373,993
Procurement		503		737,543		19,064		1,667,460		497,410		-		57,167		2,864,813
Supply		-		333,477		188,913		414,616		-		-		-		937,006
CCEE		16,981		190,009		35,318		228,313		12,400		-		-		483,021
Revenue from operation and maintenance		-		373,512		698,940		9,352		-		-		-		1,081,804
Revenue from construction of Plants		-		3,418		-		-		-		-		-		3,418
Itaipu Transfer		3,931		-		-		-		-		-		-		3,931
TRANSMISSION		-		1,596,733		1,407,983		748,858		550,029		-		62,520		4,241,083
Revenue from operation and maintenance - Renewed Lines		-		-		-		-		-		-		-		-
Revenue from operation and maintenance		-		513,371		542,157		289,912		239,773		-		62,520		1,522,693
Financial - Return on Investment - RBSE		-		-		-		-		-		-		-		-
Construction revenue		-		15,638		88,230		10,651		32,923		-		-		147,442
Contractual revenue - Transmission		-		1,067,724		777,596		448,295		277,333		-		-		2,570,948
OTHER REVENUES		25,470		5,396		14,090		145,014		14,419		92		2,572		201,909
DEDUCTIONS		(27,679)		(447,168)		(361,489)		(702,859)		(110,275)		-		(94)		(1,649,376)
(-) Sector charges		-		(149,040)		(147,216)		(263,027)		(21,756)		-		-		(581,039)
(-) ICMS		-		(47,024)		(33,751)		(218,386)		(376)		-		-		(299,537)
(-) PASEP and COFINS		(27,679)		(250,465)		(180,378)		(219,563)		(87,937)		-		(94)		(765,928)
(-) Other Deductions		-		(639)		(144)		(1,883)		(206)		-		-		(2,872)
OPERATING COSTS		(15,967)		(1,162,248)		(651,977)		(1,059,095)		(432,432)		(975)		(119,184)		(3,203,510)
Personnel, Supplies and Services		-		(288,783)		(180,986)		(187,241)		(136,897)		(975)		-		(794,882)
Personnel		-		(210,186)		(143,535)		(123,708)		(78,532)		(416)		-		(556,377)
Consensual Dismissal Plan (PDC) - Provision		-		-		-		-		-		-		-		-
Supplies		-		(5,510)		(4,277)		(12,559)		(2,738)		-		-		(25,084)
Services		-		(73,087)		(33,174)		(50,974)		(55,627)		(559)		-		(213,421)
Energy purchased for resale		(15,967)		(277,262)		(50,012)		(48,375)		(148,006)		-		(56,664)		(482,958)
Charges on the use of the power grid		-		(193,265)		(220,129)		(194,607)		(14,654)		-		(62,520)		(560,135)
Combustível para produção de energia elétrica		-		(301,928)		-		(315,223)		(31,120)		-		-		(648,271)
Construction		-		(18,995)		(132,862)		(10,609)		(32,790)		-		-		(195,256)
Depreciation		-		(61,354)		(23,336)		(109,090)		(51,784)		-		-		(245,564)
Amortization		-		(20,661)		(2,910)		(177,777)		(1,151)		-		-		(202,499)
Provisions/Operational reversals		-		-		-		-		-		-		-		-
Other Costs		-		-		(41,742)		(16,173)		(16,030)		-		-		(73,945)
GROSS INCOME		3,239		1,630,672		1,350,842		1,451,659		531,551		(883)		2,981		4,964,099
OPERATING EXPENSES		(844,044)		(375,847)		(405,581)		(1,192,294)		(83,736)		-		(4,378)		(2,897,124)
Personnel, Supplies and Services		(130,324)		(138,499)		(140,032)		(188,153)		(61,119)		-		-		(658,127)
Personnel		(82,847)		(90,169)		(119,588)		(160,158)		(42,216)		-		-		(494,978)
Extraordinary Retirement Program		-		-		-		-		-		-		-		-
Supplies		(58)		(160)		(5,149)		-		(2,780)		-		-		(8,147)
Services		(47,419)		(48,170)		(15,295)		(27,995)		(16,123)		-		-		(155,002)
Depreciation		(2,820)		(10,727)		(8,116)		(19,832)		(4,234)		-		-		(45,729)
Amortization		(3)		(3,723)		(247)		(895)		(2,657)		-		-		(7,525)
Donations and contributions		(33,277)		(9,509)		(2,051)		(1,650)		(581)		-		-		(47,068)
Provisions/Operational reversals		(648,111)		(163,147)		(158,372)		(901,441)		(14,520)		-		55,559		(1,941,150)
Other expenses		(29,509)		(50,242)		(96,763)		(24,764)		(625)		-		(4,378)		(197,525)
Regulatory remeasurements - Transmission contracts		-		-		-		-		-		-		-		-
OPERATING INCOME BEFORE FINANCIAL INCOME		(840,805)		1,254,825		945,261		259,365		447,815		(883)		(1,397)		2,066,975
FINANCIAL INCOME		782,292		(66,056)		14,659		(255,986)		57,263		1,097		(55,465)		588,734
Revenue from financial investments		86,862		61,629		65,916		83,586		29,366		1,624		-		328,983
Interest income, fines, commissions and fees		320,681		8,666		-		-		-		-		114,421		214,926
Addition of moratorium on electricity		-		392		2,259		54,326		-		-		(55,559)		112,536
Active monetary restatements		261,111		50,293		12,531		12,907		2,127		-		28,289		310,680
Active exchange variations		1,512,496		63,716		-		56,162		97,189		-		177,221		1,552,342
Revenue from Interest on Dividends		171,223		-		-		-		-		-		109,677		61,546
Gains from derivatives		-		-		-		-		-		-		-		-
Other financial income		64,589		4,152		2,439		2,580		36,198		-		1,760		108,198
(-) Taxation on Financial Revenue		(40,050)		(5,789)		-		(9,897)		(4,389)		-		-		(60,125)
Debt charges		(450,382)		(164,897)		(26,865)		(123,819)		(61,273)		-		(114,421)		(712,815)
Charges - Obligations to CDE		-		-		-		-		-		-		-		-
Charges - Revitalization of River Basins		-		-		-		-		-		-		-		-
Leasing charges		(1,106)		(2,767)		(55)		(135,596)		(985)		-		-		(140,509)
Charges on shareholders' funds		(1,882)		(21,288)		(31,488)		(55,634)		(1,678)		-		(109,677)		(2,293)
Passive monetary adjustments		(445,127)		(33,060)		(3,788)		(6,003)		(32,490)		-		(28,289)		(492,179)
Monetary restatement - Obligations to CDE		-		-		-		-		-		-		-		-
Monetary restatement - Revitalization of River Basins		-		-		-		-		-		-		-		-
Passive exchange variations		(673,629)		(6,542)		-		(157)		-		-		(177,221)		(503,107)
Losses from derivatives		-		-		-		(79,366)		-		-		-		(79,366)
Other financial expenses		(22,494)		(20,561)		(6,290)		(55,075)		(6,802)		(527)		(1,666)		(110,083)
INCOME BEFORE EQUITY INVESTMENTS		(58,513)		1,188,769		959,920		58,938		505,078		214		(1,303)		2,655,709
Income from equity investments		2,636,665		116,163		45,190		(5,719)		(14,513)		3,431		2,155,166		626,051
Other income and expenses		121,033		-		-		-		-		-		-		121,033
Effect of Law 14,182/2021		-		-		-		-		-		-		-		-
OPERATING INCOME BEFORE TAXES		2,699,185		1,304,932		1,005,110		53,219		490,565		3,645		2,153,863		3,402,793
Current income tax and social contribution		-		(343,203)		(169,972)		(236,837)		(82,793)		-		(139,036)		(693,769)
Deferred income tax and social contribution		(78,443)		(47,250)		(83,689)		218,159		(89,079)		-		-		(80,302)
Tax incentive income		-		-		124,267		14,769		-		-		139,036		-
Portion Attributed to Non-Controlling Shareholders				(6)						(831)				(837)		-
NET PROFIT (LOSS) FROM CONTINUED OPERATIONS		2,620,742		914,485		875,716		49,310		319,524		3,645		2,154,700		2,628,722
NET PROFIT (LOSS) FROM DISCONTINUED OPERATIONS		87,600		-		-		-		-		-		(54)		87,654
NET PROFIT (LOSS) FOR THE PERIOD		2,708,342		914,485		875,716		49,310		319,524		3,645		2,154,647		2,716,375

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS
BALANCE SHEET AS OF MARCH 31, 2023
(in thousands of Brazilian Reais)
		Eletrobras Holding		Furnas		Chesf		Eletronorte		CGT Eletrosul		Eletropar		Eliminations		Eletrobras Consolidated
ASSET
CURRENT		19,678,698		18,487,566		6,601,954		5,219,041		2,342,654		53,455		(3,863,728)		48,519,640
Financial Asset - Itaipu (Parent Company)		308,696		-		-		-		-		-		-		308,696
Restricted cash		2,976,305		186,003		-		-		-		-		-		3,162,308
Accounts Receivable, net		5,559,808		4,914,909		723,627		418,119		1,283		124		-		11,617,870
Customers (Consumers and resellers)		455,706		1,768,102		928,088		1,626,112		322,112		-		(98,801)		5,001,319
Financing and Loans - principal		1,369,047		-		-		-		-		-		(806,120)		562,927
Financing and Loans - charges		106,365		-		-		-		-		-		-		106,365
Marketable Securities		1,654,823		5,538,906		271,790		102,478		917,333		41,492		-		8,526,822
Dividends Receivable (Remuneration of shareholdings)		2,588,179		177,891		54,279		28,300		-		7,838		(2,162,914)		693,573
Deferred Fiscal Assets (Tax and Contributions)		462,650		20,474		88,768		95,083		6,082		1,906		-		674,963
Income Tax and Social Contribution		789,186		644,598		541,407		177,056		38,264		173		-		2,190,684
Derivative Financial Instruments		-		-		-		437,191		-		-		-		437,191
Reimbursement Rights		808,489		-		-		25,974		13,921		-		-		848,384
Guarantees and Linked Deposits		-		324,615		19,256		-		7,597		-		-		351,468
Inventory		241		154,034		125,365		117,751		49,637		-		-		447,028
Amounts Receivable Law 12,783/2013		-		-		-		-		-		-		-		-
Nuclear Fuel Inventory		-		-		-		-		-		-		-		-
Contractual Assets - Allowed Annual Revenue (Transmission)		-		553,257		553,395		459,266		393,290		-		-		1,959,208
Contractual Assets - Indemnifiable concessions (Transmission)		-		-		-		-		-		-		-		-
Contractual Assets - RBSE (Transmission)		-		3,807,546		2,360,156		1,056,291		451,611		-		-		7,675,604
Contractual Assets - RBSE		-		-		-		-		-		-		-		-
Contractual Assets - Indemnifiable concessions (Generation)		-		-		-		-		-		-		-		-
Contractual Assets (Parcel A - CVA)		-		-		-		-		-		-		-		-
Hydrological Risk		-		-		-		-		-		-		-		-
Others		2,278,512		396,966		792,231		531,316		141,524		1,922		(795,893)		3,346,578
Assets held for sale		320,691		265		143,592		144,104		-		-		-		608,652
NON-CURRENT		149,532,051		77,251,120		54,822,252		49,399,870		12,455,845		195,133		(124,345,034)		219,311,237
LONG-TERM RECEIVABLES		34,085,177		25,143,319		17,438,873		11,127,637		7,713,858		3,766		(25,027,113)		70,485,517
Financial Asset - Itaipu (Parent Company)		-		-		-		-		-		-		-		-
Receivables - ENBPAR (parent company)		-		-		-		-		-		-		-		-
Restricted cash		-		987,571		468,876		-		-		-		-		1,456,447
Customers (Consumers and resellers)		-		232,389		-		464,292		-		-		-		696,681
Financing and Loans - principal		3,127,376		-		-		-		-		-		(2,929,242)		198,134
Marketable Securities		415,817		-		234		21,604		39		-		-		437,694
Deferred Fiscal Assets (Tax and Contributions)		3,705		94		216,832		219,053		-		3,766		-		443,450
Income Tax and Social Contribution		-		2,089,987		-		-		1,435,735		-		-		3,525,722
Derivative Financial Instruments		-		-		-		316,755		-		-		-		316,755
Reimbursement Rights		1,881,525		-		-		71,427		67,334		-		-		2,020,286
Guarantees and Linked Deposits		6,364,398		1,210,944		579,665		211,561		273,711		-		-		8,640,279
Rights with Revitalization of Basins		-		-		-		-		-		-		-		-
Nuclear Fuel Inventory		-		-		-		-		-		-		-		-
Contractual Assets - Allowed Annual Revenue (Transmission)		-		-		6,879,180		3,479,619		3,709,019		-		-		14,067,818
Contractual Assets - Indemnifiable concessions (Transmission)		-		6,172,632		709,313		2,183,640		507,000		-		-		9,572,585
Contractual Assets - RBSE (Transmission)		-		14,240,317		8,519,033		3,656,300		1,648,547		-		-		28,064,197
Contractual Assets - RBSE		-		-		-		-		-		-		-		-
Contractual Assets - Indemnifiable concessions (Generation)		-		-		-		-		-		-		-		-
Advances for equity interest		20,596,028		-		-		-		-		-		(20,596,028)		-
Contractual Assets (Parcel A - CVA)		-		-		-		-		-		-		-		-
Hydrological Risk		-		-		-		-		-		-		-		-
Others		1,696,328		209,385		65,740		503,386		72,473		-		(1,501,843)		1,045,469
INVESTMENTS		115,138,517		5,160,734		5,697,173		5,536,222		1,947,836		191,331		(99,224,151)		34,447,662
Assessed by equity method		113,532,285		5,145,890		5,680,063		5,536,222		1,940,370		126,065		(99,224,151)		32,736,744
Held at fair value		1,606,232		-		-		-		-		65,266		-		1,671,498
Evaluated at acquisition cost		-		14,844		228		-		7,466		-		-		22,538
Other Investments		-		-		16,882		-		-		-		-		16,882
FIXED ASSETS		231,526		24,520,339		2,968,856		4,524,387		2,603,068		36		(93,770)		34,754,442
INTANGIBLE ASSETS		76,831		22,426,728		28,717,350		28,211,624		191,083		-		-		79,623,616
TOTAL ASSETS		169,210,749		95,738,686		61,424,206		54,618,911		14,798,499		248,588		(128,208,762)		267,830,877
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT		12,785,265		5,137,547		3,040,461		5,322,192		1,209,513		9,195		3,863,728		23,640,445
Financial Liabilities - Itaipu (Parent Company)		-		-		-		-		-		-		-		-
Compulsory loan (Parent company)		1,320,486		-		-		-		-		-		-		1,320,486
Global Reversal Reserve - RGR (Company)		276,833		-		-		-		-		-		-		276,833
Suppliers		758,406		745,588		373,844		501,928		154,081		1,098		77,764		2,457,181
Financing and loans - principal, charges and debentures		2,095,584		2,053,568		197,461		1,429,648		430,267		-		818,447		5,388,081
Charges		938,172		-		-		-		-		-		-		938,172
Debentures		544,953		-		-		-		-		-		-		544,953
Taxes and social contributions		33,649		206,165		113,992		151,279		30,345		867		-		536,297
Income tax and social security contribution		-		-		-		-		-		-		-		-
Derivative Financial Instruments		-		-		-		-		-		-		-		-
Reimbursement obligations		1,939,862		-		-		-		-		-		-		1,939,862
Advances from customers (Advance sale of energy)		1,471,321		53,640		-		103,080		-		-		-		1,628,041
Remuneration to shareholders (dividends payable)		900,355		742,797		592,047		742,182		96,690		6,892		2,169,028		911,935
Estimated obligations		164,665		418,798		511,888		485,672		211,792		-		-		1,792,815
Provisions for litigation		2,255,488		62,286		-		-		177,474		-		-		2,495,248
Post-employment benefit		-		8,462		263,161		-		22,249		-		-		293,872
Obligations with CDE		-		177,322		257,794		181,463		-		-		-		616,579
Obligations with revitalization with Watersheds		-		224,813		342,106		288,346		-		-		-		855,265
Leasing - Principal		13,729		22,860		40		197,245		7,731		-		-		241,605
Leasing - Interest		(3,369)		(8,855)		-		(2,885)		(3,435)		-		-		(18,544)
Onerous Contracts		-		-		-		-		-		-		-		-
Concessions payable - Use of the public good		-		30,286		-		-		3,768		-		-		34,054
Sectoral charges		-		177,479		352,027		428,442		32,617		-		-		990,565
Regulatory Liabilities (Portion A - CVA)		-		-		-		-		-		-		-		-
Others		75,131		222,338		36,101		815,792		45,934		338		798,489		397,145
Held for sale		-		-		-		-		-		-		-		-

NON-CURRENT		45,541,368		45,020,030		36,694,513		26,334,443		4,693,259		10,361		25,120,883		133,173,091
Remuneration to shareholders (dividends payable)		-		-		-		-		-		-		-		-
Compulsory loan (Parent company)		-		-		-		-		-		-		-		-
Obligations with revitalization with Watersheds		-		-		-		-		-		-		-		-
Global Reversal Reserve - RGR (Company)		689,706		-		-		-		-		-		-		689,706
Suppliers		-		-		-		-		-		-		-		-
Financing and loans - principal, charges and debentures		7,977,392		26,080,015		788,314		2,509,332		2,759,162		-		2,929,242		37,184,973
Debentures		13,015,094		-		-		-		-		-		-		13,015,094
Taxes and social contributions		-		191,962		-		499,396		-		-		-		691,358
Income tax and social security contribution		409,441		4,184,781		676,913		1,020,333		-		10,361		-		6,301,829
Derivative Financial Instruments		-		-		-		-		-		-		-		-
Reimbursement obligations		-		-		-		-		-		-		-		-
Advances from customers (Advance sale of energy)		-		117,911		-		61,113		-		-		-		179,024
Estimated obligations		-		4,697		-		-		-		-		-		4,697
Provisions for litigation		22,377,869		2,881,802		4,328,769		506,547		998,653		-		-		31,093,640
Provision for unsecured liabilities in investees		-		-		-		-		-		-		-		-
Post-employment benefit		676,423		122,323		3,458,269		61,073		502,627		-		-		4,820,715
Obligations with CDE		-		8,712,773		12,666,761		8,916,226		-		-		-		30,295,760
Obligations with revitalization with Watersheds		-		1,414,433		2,152,398		1,814,164		-		-		-		5,380,995
Leasing - Principal		35,646		226,748		1,964		244,373		49,811		-		-		558,542
Leasing - Interest		(4,403)		(52,983)		-		(3,281)		(16,948)		-		-		(77,615)
Onerous Contracts		-		-		90,499		-		118,600		-		-		209,099
Concessions payable - Use of the public good		-		330,411		-		-		45,462		-		-		375,873
Sector Charges (regulatory fees)		-		234,638		217,474		-		22,128		-		-		474,240
Obligations to demob. of assets (Discount of nucl. plants)		-		-		-		-		-		-		-		-
Advances for future capital increase		89,744		-		11,766,222		8,829,806		-		-		20,596,028		89,744
Regulatory Liabilities (Portion A - CVA)		-		-		-		-		-		-		-		-
Others		274,456		570,519		546,930		1,875,361		213,764		-		1,595,613		1,885,417
SHAREHOLDERS' EQUITY		110,884,116		45,581,109		21,689,232		22,962,276		8,895,727		229,032		99,224,151		111,017,341
Share capital		69,991,640		15,439,373		9,753,953		13,506,377		7,067,586		118,055		45,885,344		69,991,640
Cash-pool		(316,062)		-		-		-		-		-		-		(316,062)
Advances for future capital increase		-		8,400,000		-		-		-		-		8,400,000		-
Capital Reserves		13,867,170		4,925,031		4,916,199		-		-		-		9,841,230		13,867,170
Profit reserves		33,910,233		18,054,370		9,792,422		9,485,752		1,742,696		50,965		39,126,205		33,910,233
Proposed Additional Dividend		-		299,121		695,808		-		-		21,416		1,016,345		-
Accumulated profits/losses		498,193		371,167		328,641		251,335		124,075		19,484		1,094,702		498,193
Other Comprehensive Income		(7,067,058)		(2,003,872)		(3,797,791)		(281,188)		(38,630)		19,112		(6,102,369)		(7,067,058)
Interest of non-controlling shareholders		-		95,919		-		-		-		-		(37,306)		133,225
Participation of controlling shareholders		-		-		-		-		-		-		-		-
Participation of non-controlling shareholders		-		-		-		-		-		-		-		-
TOTAL SHAREHOLDERS' EQUITY		110,884,116		45,581,109		21,689,232		22,962,276		8,895,727		229,032		99,224,151		111,017,341
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		169,210,749		95,738,686		61,424,206		54,618,911		14,798,499		248,588		128,208,762		267,830,877

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS
BALANCE SHEET AS OF DECEMBER 31, 2022
(in thousands of Brazilian Reais)
		Eletrobras Holding		Furnas		Chesf		Eletronorte		CGT Eletrosul		Eletropar		Eliminations		Eletrobras Consolidated
ASSET
CURRENT		20,065,183		18,829,403		6,816,205		4,781,644		2,942,884		79,361		(3,891,553)		49,623,127
Financial Asset - Itaipu (Parent Company)		389,438		-		-		-		-		-		-		389,438
Restricted cash		-		-		-		-		-		-		-		-
Accounts Receivable, net		7,845,720		4,764,303		874,173		162,518		9,994		267		-		13,656,975
Customers (Consumers and resellers)		462,628		1,771,246		869,168		1,453,289		384,376		-		(145,783)		4,794,924
Financing and Loans - principal		1,456,681		-		-		-		-		-		(831,249)		625,432
Financing and Loans - charges		67,407		-		-		-		-		-		-		67,407
Marketable Securities		3,611,904		6,718,885		386,643		209,271		1,384,157		63,346		-		12,374,206
Dividends Receivable (Remuneration of shareholdings)		3,028,085		117,409		54,279		28,375		-		7,278		(2,527,551)		707,875
Deferred Fiscal Assets (Tax and Contributions)		857,466		5,148		81,575		179,177		5,834		6,713		-		1,135,913
Income Tax and Social Contribution		261,321		592,381		634,263		243,170		18,090		-		-		1,749,225
Derivative Financial Instruments		-		-		-		501,355		-		-		-		501,355
Reimbursement Rights		796,776		-		-		25,463		5,251		-		-		827,490
Guarantees and Linked Deposits		-		137,708		28,782		-		7,506		-		-		173,996
Inventory		262		145,915		121,543		110,745		50,845		-		-		429,310
Amounts Receivable Law 12,783/2013		-		-		-		-		-		-		-		-
Nuclear Fuel Inventory		-		-		-		-		-		-		-		-
Contractual Assets - Allowed Annual Revenue (Transmission)		-		554,850		563,720		460,898		423,376		-		-		2,002,844
Contractual Assets - Indemnifiable concessions (Transmission)		-		-		-		-		-		-		-		-
Contractual Assets - RBSE (Transmission)		-		3,590,494		2,271,551		1,041,109		443,128		-		-		7,346,282
Contractual Assets - RBSE		-		-		-		-		-		-		-		-
Contractual Assets - Indemnifiable concessions (Generation)		-		-		-		-		-		-		-		-
Contractual Assets (Parcel A - CVA)		-		-		-		-		-		-		-		-
Hydrological Risk		-		-		-		-		-		-		-		-
Others		966,804		430,723		786,886		222,886		130,010		1,757		(386,970)		2,152,096
Assets held for sale		320,691		341		143,622		143,388		80,317		-		-		688,359
NON-CURRENT		149,843,718		77,517,329		54,478,628		49,853,770		12,172,371		180,766		(123,452,247)		220,594,335
LONG-TERM RECEIVABLES		35,807,159		25,189,105		17,245,651		11,252,788		7,598,142		-		(25,204,318)		71,888,527
Financial Asset - Itaipu (Parent Company)		-		-		-		-		-		-		-		-
Receivables - ENBPAR (parent company)		1,223,316		-		-		-		-		-		-		1,223,316
Restricted cash		-		-		-		-		-		-		-		-
Customers (Consumers and resellers)		-		238,051		-		465,004		-		-		-		703,055
Financing and Loans - principal		3,366,460		-		-		-		-		-		(3,037,654)		328,806
Marketable Securities		411,705		902,780		403,589		118		39		-		-		1,718,231
Deferred Fiscal Assets (Tax and Contributions)		3,705		12,125		214,093		209,273		-		-		-		439,196
Income Tax and Social Contribution		-		2,077,784		-		-		1,463,378		-		-		3,541,162
Derivative Financial Instruments		-		-		-		485,507		-		-		-		485,507
Reimbursement Rights		2,048,517		-		-		76,390		-		-		-		2,124,907
Guarantees and Linked Deposits		6,402,122		1,131,005		541,800		220,855		262,231		-		-		8,558,013
Rights with Revitalization of Basins		-		-		-		-		-		-		-		-
Nuclear Fuel Inventory		-		-		-		-		-		-		-		-
Contractual Assets - Allowed Annual Revenue (Transmission)		-		-		6,609,150		3,411,943		3,612,894		-		-		13,633,987
Contractual Assets - Indemnifiable concessions (Transmission)		-		6,051,428		709,313		2,125,766		487,724		-		-		9,374,231
Contractual Assets - RBSE (Transmission)		-		14,566,845		8,707,065		3,733,468		1,687,488		-		-		28,694,866
Contractual Assets - RBSE		-		-		-		-		-		-		-		-
Contractual Assets - Indemnifiable concessions (Generation)		-		-		-		-		-		-		-		-
Advances for equity interest		20,596,029		-		-		-		-		-		(20,596,029)		-
Contractual Assets (Parcel A - CVA)		-		-		-		-		-		-		-		-
Hydrological Risk		-		-		-		-		-		-		-		-
Others		1,755,305		209,087		60,641		524,464		84,388		-		(1,570,635)		1,063,250
INVESTMENTS		113,736,819		5,076,612		5,650,536		5,547,620		1,946,945		180,727		(98,153,737)		33,985,522
Assessed by equity method		112,079,558		5,059,419		5,633,425		5,547,620		1,939,479		118,500		(98,153,737)		32,224,264
Held at fair value		1,657,261		-		-		-		-		62,227		-		1,719,488
Evaluated at acquisition cost		-		17,193		229		-		7,466		-		-		24,888
Other Investments		-		-		16,882		-		-		-		-		16,882
FIXED ASSETS		231,883		24,725,671		2,811,656		4,631,490		2,433,158		39		(94,192)		34,739,705
INTANGIBLE ASSETS		67,857		22,525,941		28,770,785		28,421,872		194,126		-		-		79,980,581
TOTAL ASSETS		169,908,901		96,346,732		61,294,833		54,635,414		15,115,255		260,127		(127,343,800)		270,217,462
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT		13,546,305		6,282,248		3,377,603		5,494,188		1,597,996		34,088		3,891,552		26,440,876
Financial Liabilities - Itaipu (Parent Company)		-		-		-		-		-		-		-		-
Compulsory loan (Parent company)		1,289,602		-		-		-		-		-		-		1,289,602
Global Reversal Reserve - RGR (Company)		279,890		-		-		-		-		-		-		279,890
Suppliers		994,922		1,033,888		554,497		616,199		452,136		1,821		136,290		3,517,173
Financing and loans - principal, charges and debentures		2,255,744		2,617,176		207,407		1,398,829		426,256		-		807,600		6,097,812
Charges		1,011,880		-		-		-		-		-		-		1,011,880
Debentures		135,188		-		-		-		-		-		-		135,188
Taxes and social contributions		370,739		296,767		285,739		284,358		33,036		1,061		-		1,271,700
Income tax and social security contribution		-		-		-		-		-		-		-		-
Derivative Financial Instruments		-		-		-		-		-		-		-		-
Reimbursement obligations		1,912,423		-		-		-		-		-		-		1,912,423
Advances from customers (Advance sale of energy)		1,486,222		64,270		-		102,630		-		-		-		1,653,122
Remuneration to shareholders (dividends payable)		913,018		742,797		592,047		742,182		96,690		7,427		2,169,517		924,644
Estimated obligations		166,337		511,151		557,716		796,566		286,254		530		-		2,318,554
Provisions for litigation		2,646,711		62,450		-		-		-		-		-		2,709,161
Post-employment benefit		-		36,815		187,658		-		21,964		-		-		246,437
Obligations with CDE		-		174,904		248,146		174,672		-		-		-		597,722
Obligations with revitalization with Watersheds		-		230,764		349,553		294,623		-		-		-		874,940
Leasing - Principal		12,159		28,098		39		194,936		8,395		-		-		243,627
Leasing - Interest		(3,449)		(9,276)		-		(3,084)		(3,499)		-		-		(19,308)
Onerous Contracts		-		-		-		-		-		-		-		-
Concessions payable - Use of the public good		-		29,943		-		-		3,717		-		-		33,660
Sectoral charges		-		186,837		353,427		423,804		32,542		-		-		996,610
Regulatory Liabilities (Portion A - CVA)		-		-		-		-		-		-		-		-
Others		74,919		275,664		41,374		468,473		70,057		23,249		778,145		175,591
Held for sale		-		-		-		-		170,448		-		-		170,448

NON-CURRENT		45,857,800		44,581,122		36,460,244		26,428,969		4,708,999		9,327		25,298,511		132,747,950
Remuneration to shareholders (dividends payable)		-		-		-		-		-		-		-		-
Compulsory loan (Parent company)		-		-		-		-		-		-		-		-
Obligations with revitalization with Watersheds		-		-		-		-		-		-		-		-
Global Reversal Reserve - RGR (Company)		755,530		-		-		-		-		-		-		755,530
Suppliers		-		-		-		-		-		-		-		-
Financing and loans - principal, charges and debentures		8,557,113		25,900,525		827,706		2,813,588		2,807,646		-		3,037,654		37,868,924
Debentures		12,957,298		-		-		-		-		-		-		12,957,298
Taxes and social contributions		-		202,010		-		521,706		-		-		-		723,716
Income tax and social security contribution		427,390		4,242,878		588,229		1,026,523		-		9,327		-		6,294,347
Derivative Financial Instruments		-		-		-		-		-		-		-		-
Reimbursement obligations		-		-		-		-		-		-		-		-
Advances from customers (Advance sale of energy)		-		129,484		-		84,437		-		-		-		213,921
Estimated obligations		-		4,697		-		-		-		-		-		4,697
Provisions for litigation		22,084,048		2,706,968		4,208,697		512,258		1,111,587		-		-		30,623,558
Provision for unsecured liabilities in investees		-		-		-		-		-		-		-		-
Post-employment benefit		680,399		122,594		3,579,524		61,073		503,644		-		-		4,947,234
Obligations with CDE		-		8,382,493		12,192,728		8,582,550		-		-		-		29,157,771
Obligations with revitalization with Watersheds		-		1,583,991		2,412,032		2,032,998		-		-		-		6,029,021
Leasing - Principal		37,668		226,878		1,972		290,413		51,314		-		-		608,245
Leasing - Interest		(5,097)		(52,582)		-		(3,925)		(17,792)		-		-		(79,396)
Onerous Contracts		-		-		90,499		-		118,600		-		-		209,099
Concessions payable - Use of the public good		-		327,256		-		-		45,164		-		-		372,420
Sector Charges (regulatory fees)		-		221,777		219,571		-		23,010		-		-		464,358
Obligations to demob. of assets (Discount of nucl. plants)		-		-		-		-		-		-		-		-
Advances for future capital increase		86,919		-		11,766,222		8,829,806		-		-		20,596,028		86,919
Regulatory Liabilities (Portion A - CVA)		-		-		-		-		-		-		-		-
Others		276,532		582,153		573,064		1,677,542		65,826		-		1,664,829		1,510,288
SHAREHOLDERS' EQUITY		110,504,796		45,483,362		21,456,986		22,712,257		8,808,260		216,712		98,153,737		111,028,636
Share capital		69,705,554		15,439,373		9,753,953		13,506,377		7,067,586		118,055		45,885,344		69,705,554
Cash-pool		-		-		-		-		-		-		-		-
Advances for future capital increase		-		8,400,000		-		-		-		-		8,400,000		-
Capital Reserves		13,867,170		5,053,045		4,916,199		-		-		-		9,969,244		13,867,170
Profit reserves		33,910,233		18,054,370		9,888,817		9,487,068		1,742,815		84,141		39,257,211		33,910,233
Proposed Additional Dividend		-		299,121		695,808		-		-		-		994,929		-
Accumulated profits/losses		-		-		-		-		55,323		-		55,323		-
Other Comprehensive Income		(6,978,161)		(1,996,130)		(3,797,791)		(281,188)		(26,734)		14,516		(6,087,327)		(6,978,161)
Interest of non-controlling shareholders		-		233,583		-		-		(30,730)		-		(320,987)		523,840
Participation of controlling shareholders		-		-		-		-		-		-		-		-
Participation of non-controlling shareholders		-		-		-		-		-		-		-		-
TOTAL SHAREHOLDERS' EQUITY		110,504,796		45,483,362		21,456,986		22,712,257		8,808,260		216,712		98,153,737		111,028,636
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		169,908,901		96,346,732		61,294,833		54,635,414		15,115,255		260,127		127,343,800		270,217,462

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS
CASH FLOW STATEMENT FOR THE PERIOD ENDED MARCH 31, 2023
(in thousands of Brazilian Reais)
		Eletrobras Holding		Furnas		Chesf		Eletronorte		CGT Eletrosul		Eletropar		Eliminations		Eletrobras Consolidated
OPERATIONAL ACTIVITIES
Income for the period before income tax and social contribution		488,010		542,502		426,980		309,401		105,812		7,468		(1,026,117)		854,056
Adjustments to reconcile profit with cash generated by operations:		(651,671)		95,227		(406,414)		654,317		(234,249)		(5,456)		1,137,683		589,437
Depreciation and amortization		3,217		374,881		96,338		369,245		59,702		-		(0)		903,383
Net exchange and monetary variations		192,440		215,233		259,166		269,030		25,887		-		-		961,756
Financial charges		416,806		1,136,664		289,264		456,666		64,605		-		(466,599)		1,897,406
Income from the equity method		(1,354,188)		(146,663)		(46,638)		18,893		(891)		(5,456)		1,026,117		(508,826)
Other Income and Expenses		12,699		-		-		-		-		-		(1,242)		11,457
Transmission revenue		-		(1,521,513)		(1,448,967)		(802,763)		(513,934)		-		71,005		(4,216,172)
Construction cost - transmission		-		35,821		268,594		38,991		54,793		-		-		398,199
Operating provisions (reversals)		34,242		255,212		115,997		69,661		101,087		-		-		576,199
Financial instruments - derivatives		-		-		-		232,916		-		-		-		232,916
Others		43,113		(254,408)		59,832		1,678		(25,498)		-		508,402		333,119
Variation in operating assets and liabilities		87,779		(963,842)		(325,597)		(312,291)		(160,505)		(24,013)		4,877		(1,693,592)
Cash from (used in) operating activities
Payment of financial charges		(292,140)		(559,184)		(39,975)		(139,621)		(61,676)		-		90,776		(1,001,820)
Receipt of the permitted annual revenue - RAP		-		1,511,378		1,288,689		740,831		436,569		-		(48,497)		3,928,970
Receipt of financial charges		193,777		-		-		-		-		-		(137,997)		55,780
Receipt of compensation for investments in equity investments		8,890		-		-		-		-		-		0		8,890
Payment of disputes		(452,591)		-		-		(15,775)		(35,221)		-		(0)		(503,587)
Bonds and earmarked deposits		(110,249)		(249,653)		5,900		13,816		(4,520)		-		(0)		(344,706)
Payment of income tax and social contribution		(140,274)		(264,081)		(66,684)		(100,423)		(30,424)		-		(0)		(601,886)
Payment of supplementary pension plan		(3,976)		(18,157)		(116,181)		(6,291)		(45,092)		-		0		(189,697)
Net cash from (used in) operating activities of continuing operations		(872,446)		94,190		766,718		1,143,964		(29,306)		(22,001)		20,726		1,101,845
Net cash from (used in) operating activities of discontinued operations
Net cash from (used in) operating activities		(872,446)		94,190		766,718		1,143,964		(29,306)		(22,001)		20,726		1,101,845
FINANCING ACTIVITIES
Loans and financing obtained and debentures obtained		-		14,604		-		-		-		-		-		14,604
Payment of loans and financing and debentures - principal		(664,101)		(827,943)		(49,483)		(289,412)		(107,571)		-		143,547		(1,794,963)
Payment of remuneration to shareholders		(3,070)		-		-		-		-		-		0		(3,070)
Payment to dissenting shareholders - merger of shares		(212)		(128,014)		(96,395)		-		(119)		-		(1,317)		(226,057)
Sharebuyback		(147,683)		-		-		-		-		-		(0)		(147,683)
Payment of obligations with basin revitalization - principal		-		(223,458)		(340,045)		(286,610)		-		-		-		(850,113)
Payment of leases - principal		-		(7,699)		-		(181,978)		(1,257)		-		-		(190,934)
Other		-		-		-		(97,223)		-		-		97,223		-
Net cash from (used in) financing activities of continuing operations		(815,065)		(1,172,510)		(485,923)		(855,223)		(108,947)		-		239,452		(3,198,216)
Net cash from (used in) financing activities of discontinued operations
Net cash from (used in) financing activities		(815,065)		(1,172,510)		(485,923)		(855,223)		(108,947)		-		239,452		(3,198,216)
INVESTMENT ACTIVITIES
Receipt of loans and financing		376,307		-		-		-		-		-		(192,954)		183,353
Acquisition of fixed assets		(2,856)		(83,415)		(197,762)		(94,146)		(310,293)		2		0		(688,470)
Acquisition of intangible assets		(8,977)		(682)		(6,459)		(5,191)		(65)		-		0		(21,374)
Net financial investments (TVM)		1,957,082		1,325,103		41,474		112,683		487,852		21,855		1,485		3,947,534
Transmission infrastructure - contractual asset		-		(35,821)		(268,594)		(38,991)		(54,793)		-		-		(398,199)
Acquisition/Capital Contribution in Equity Interests		(2,108)		(289)		-		(7,495)		6,841		-		(68,708)		(71,759)
Others		-		24,030		-		-		-		-		-		24,030
Net cash from (used in) investment activities of continuing operations		2,319,447		1,228,926		(431,341)		(33,140)		129,542		21,857		(260,176)		2,975,115
Net cash from (used in) investment activities from discontinued operations
Net cash from (used in) investing activities		2,319,447		1,228,926		(431,341)		(33,140)		129,542		21,857		(260,176)		2,975,115
Increase (decrease) in cash and cash equivalents		631,937		150,606		(150,546)		255,601		(8,711)		(144)		1		878,744
Cash and cash equivalents at the beginning of the period		4,927,871		4,764,303		874,173		162,518		9,994		267		-		10,739,126
Cash and cash equivalents at the end of the period		5,559,808		4,914,909		723,627		418,119		1,283		124		-		11,617,870
Increase (decrease) in cash and cash equivalents from discontinued operations		-		-		-		-		-		-		-		-

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRAS
CASH FLOW STATEMENT FOR THE PERIOD ENDED MARCH 31, 2022
(in thousands of Brazilian Reais)
		Eletrobras Holding		Furnas		Chesf		Eletronorte		CGT Eletrosul		Eletropar		Eliminations		Eletrobras Consolidated
OPERATIONAL ACTIVITIES
Income for the period before income tax and social contribution		2,786,785		1,304,932		1,005,110		53,219		490,565		3,645		(2,153,810)		3,490,446
Adjustments to reconcile profit with cash generated by operations:		(2,955,063)		(1,295,195)		(1,018,563)		829,770		(429,797)		(3,431)		2,083,343		(2,788,936)
Depreciation and amortization		2,822		96,465		34,609		307,594		59,826		-		(0)		501,316
Net exchange and monetary variations		(654,851)		(74,407)		(8,743)		(50,560)		(66,826)		-		(12,349)		(867,736)
Financial charges		(38,534)		180,286		58,408		312,597		63,936		-		2,452		579,145
Income from the equity method		(2,636,666)		(116,163)		(45,190)		5,719		14,513		(3,431)		2,155,167		(626,051)
Other Income and Expenses		(121,033)		6		-		166		-		-		(172)		(121,033)
Transmission revenue		-		(1,596,733)		(1,407,983)		(748,858)		(550,029)		-		62,520		(4,241,083)
Construction cost - transmission		-		15,577		132,862		10,609		32,790		-		-		191,838
Operating provisions (reversals)		648,111		249,204		158,372		957,000		14,520		-		(86,057)		1,941,150
Financial instruments - derivatives		-		-		-		79,366		-		-		-		79,366
Others		(154,913)		(49,430)		59,102		(43,863)		1,473		-		(38,218)		(225,848)
Variation in operating assets and liabilities		470,325		(598,383)		(100,882)		(76,016)		(312,160)		1,029		393,837		(222,250)
Cash from (used in) operating activities
Payment of financial charges		(252,448)		(146,085)		(27,119)		(122,735)		(42,591)		-		102,886		(488,092)
Receipt of the permitted annual revenue - RAP		-		1,281,616		1,094,859		602,794		411,516		-		(42,431)		3,348,354
Receipt of financial charges		186,700		-		-		-		-		-		(102,886)		83,814
Receipt of compensation for investments in equity investments		67,541		80,357		-		12,250		-		-		(19,346)		140,802
Payment of disputes		(760,725)		-		-		(35,158)		(23,366)		-		-		(819,249)
Bonds and earmarked deposits		(268,619)		(6,141)		(54,324)		(18,542)		30,536		-		(168,197)		(485,287)
Payment of income tax and social contribution		(28,195)		(254,164)		(123,270)		(250,690)		(21,344)		-		0		(677,663)
Payment of supplementary pension plan		(17,789)		(19,619)		(78,225)		-		(1,054)		-		0		(116,687)
Net cash from (used in) operating activities of continuing operations		(771,488)		347,318		697,586		994,892		102,305		1,243		93,396		1,465,252
Net cash from (used in) operating activities of discontinued operations														239,805		239,805
Net cash from (used in) operating activities		(771,488)		347,318		697,586		994,892		102,305		1,243		333,201		1,705,057
FINANCING ACTIVITIES
Payment of loans and financing and debentures - principal		(836,102)		(336,013)		(45,324)		(497,498)		(75,428)		-		478,846		(1,311,519)
Payment of remuneration to shareholders		(108)		(19,430)		-		-		-		-		19,345		(193)
Payment of leases - principal		-		(6,895)		-		(172,449)		(1,149)		-		-		(180,493)
Other		-		-		(477,772)		(24,889)		-		-		446,284		(56,377)
Net cash from (used in) financing activities of continuing operations		(836,210)		(362,338)		(523,096)		(694,836)		(76,577)		-		944,475		(1,548,582)
Net cash from (used in) financing activities of discontinued operations														(87,284)		(87,284)
Net cash from (used in) financing activities		(836,210)		(362,338)		(523,096)		(694,836)		(76,577)		-		857,191		(1,635,866)
INVESTMENT ACTIVITIES
Receipt of loans and financing		846,812		-		-		-		-		-		(478,846)		367,966
Acquisition of fixed assets		-		(27,966)		(41,004)		(41,126)		(1,653)		2		-		(111,747)
Acquisition of intangible assets		-		(1,042)		(5,434)		(48)		(2,027)		-		-		(8,551)
Net financial investments (TVM)		771,485		-		-		-		-		-		(792,728)		(21,243)
Transmission infrastructure - contractual asset		-		(15,577)		(132,862)		(10,609)		-		-		(32,790)		(191,838)
Acquisition/Capital Contribution in Equity Interests		-		(396)		-		-		-		-		-		(396)
Others		-		45,101		-		(269,213)		(32,790)		(1,194)		266,493		8,397
Net cash from (used in) investment activities of continuing operations		1,618,297		120		(179,300)		(320,996)		(36,470)		(1,192)		(1,037,871)		42,588
Net cash from (used in) investment activities from discontinued operations														(155,194)		(155,194)
Net cash from (used in) investing activities		1,618,297		120		(179,300)		(320,996)		(36,470)		(1,192)		(1,193,065)		(112,606)
Increase (decrease) in cash and cash equivalents		10,599		(14,900)		(4,810)		(20,940)		(10,742)		51		(2,673)		(43,415)
Cash and cash equivalents at the beginning of the period		7,384		116,800		9,762		33,529		10,859		3,811		10,514		192,659
Cash and cash equivalents at the end of the period		17,983		101,900		4,952		12,588		117		3,862		7,842		149,244
Increase (decrease) in cash and cash equivalents from discontinued operations		-		-		-		-		-		-		-		-

SIGNATURE

 

 

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.

Date: June 5, 2023

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
By:	/S/ Elvira Baracuhy Cavalcanti Presta
	Elvira Baracuhy Cavalcanti Presta Vice President of Finance and Investor Relations

 

 

FORWARD-LOOKING STATEMENTS

 

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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