CNPJ nº 23.274.194/0001-19

FINANCIAL STATEMENTS

BALANCE SHEET AT OCTOBER 31

IN THOUSANDS OF REAIS

ASSETS / LIABILITIES /
CURRENT ASSETS / 2.307.102 / CURRENT LIABILITIES / 2.276.246
Cash and banks / 6.121 / Suppliers / 1.198.393
Open market investiments / 496.647 / Financial charges / 14.972
Consumers and Resellers / 1.156.007 / Taxes and social contribution / 351.472
Loans and financing / 26.198 / Loans and financing / 114.391
Refinancing of credits – energy / 36.863 / Estimated liabilities / 35.567
Sundry receivables / 155.484 / Interest on capital / 102.057
Stores / 42.793 / Provision for contingencies / 137.912
Tax credits / 297.876 / Sundry creditors – ELETRONORTE / 245.809
Escrow and linked deposits / 16.543 / Others / 75.673
Prepaid expenses / 2.191
Others / 70.379
LONG-TERM RECEIVABLES / 754.176 / LONG-TERM LIABILITIES / 2.961.536
Loans and financing / 175.208 / Suppliers / 1.310
Refinancing of credits – energy / 314.374 / Loans and financing / 1.027.599
Concessions to bid / 143.052 / Provision for deferred income tax / 134.084
Government securities / 58.486 / Other creditors–Real Grandeza-Provision / 949.019
Escrow and linked deposits / 10.908 / Taxes and social contribution / 733.791
Others / 52.148 / Others / 3.193
Obligations associated to the concession / 112.540
PERMANENT / 11.988.289 /

STOCKHOLDERS’ EQUITY

/ 9.811.785
Investiments / 32.835 / Capital / 1.257.785
Property, plant and equipment / 11.953.586 / Capital reserves / 5.267.475
Deferred charges / 1.868 / Revenue reserves / 782.120
Retained earnings / 2.473.251
Advances for capital increase / 31.154
TOTAL ASSETS / 15.049.567 / TOTAL LIABILITIES / 15.049.567
FURNAS – CENTRAIS ELÉTRICAS S.A
CNPJ Nº 23.274.194/0001-19
STATEMENT OF INCOME FOR THE PERIOD
ENDED OCTOBER 31
IN THOUSANDS OF REAIS
OPERATING REVENUE
Electric power sales / 6.223
Electric power supply / 4.654.179
Use of transmission lines / 511.597
Others revenues / 11.169
5.183.168
Deductions from operating revenues
Taxes and contributions on revenue / 183.591
Quota for global reversal reserve / 64.871
Others consumer taxes / 540
249.002

Net operating revenue

/ 4.934.166

OPERATING EXPENSES

Personnel / 185.353
Materials / 19.211
Third-party services / 113.395
Fuel for generation of electric power / 49.666
Financial cost of use of hydro resources / 39.352
Eletric power purchased for resale / 3.383.324
Charge for inspection of electric power services / 6.759
Depreciation and amortization / 385.312
Provision for contigencies / 10.416
Reversal of provision / (8.000)
Other expenses / 113.519
4.298.307
Operating profit / 635.859

FURNAS – CENTRAIS ELÉTRICAS S.A

CNPJ Nº 23.274.194/0001-19

STATEMENT OF INCOME FOR THE PERIOD
ENDED OCTOBER 31
IN THOUSANDS OF REAIS
FINANCIAL REVENUE(EXPENSE)

Financial investiments

/ 57.693
Financial expenses / (67.997)
Interest on Tax debt refinancing - REFIS / (54.060)
Monetary variation plus interest arrears – Electric power sold / 53.730
Monetary variation plus interest arrears – Electric power purchased / (42.641)
Monetary variation plus interest – Refinancing of energy credits / 58.190
Monetary and exchange variation on loans and financing / (15.586)
Monetary variation plus interest on loans granted / 37.968
Monetary variation on contingencies / (1.092)
Others / (40.225)
(14.020)
Operating income
/ 621.839
Interest on capital / (120.000)
Operating income before interest on capital / 501.839
NON-OPERATING REVENUE / 1.486
NON-OPERATING EXPENSE / (8.730)
Non-operating loss
/ (7.244)
INCOME BEFORE SOCIAL CONTRIBUTION AND INCOME TAX / 494.595
Social contribution / (43.049)
Income tax / (114.966)
INCOME AFTER SOCIAL CONTRIBUTION AND INCOME TAX / 336.580
Profit Sharing – adjustment / (766)
PROFIT BEFORE REVERSAL OF INTEREST ON CAPITAL / 335.814
Reversal of interest on capital / 120.000
NET INCOME FOR THE PERIOD / 455.814
JOSÉ LUIZ OLIVEIRA DE AGUIAR
Accountant - CRC-RJ- 026.157/O-5

2