POST-EMPLOYMENT BENEFIT (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| POST-EMPLOYMENT BENEFIT |
|
| Summary of Post-employment Benefits |
|
|
Consolidated |
|
|
|
12/31/2024 |
|
|
12/31/2023 |
|
|
Defined contribution |
|
|
|
|
|
|
Futura II |
298 |
|
|
333 |
|
|
Defined benefit |
|
|
|
|
|
|
Futura |
141,050 |
|
|
175,150 |
|
|
Health Insurance |
385,272 |
|
|
442,164 |
|
|
|
526,322 |
|
|
617,314 |
|
|
|
526,620 |
|
|
617,647 |
|
|
| Summary of defined contribution pension plan |
In addition, the indirect subsidiary Compagás performed the actuarial analysis of the defined benefit pension plan, which is in surplus and, therefore, no balances were recorded. The details are below:
|
|
12/31/2024 |
|
|
Liability at year-end |
(32,604 |
) |
|
Financial assets at year-end |
42,435 |
|
|
Accrued surplus |
9,831 |
|
|
Asset limit effect |
(9,831 |
) |
|
Liability to be recognized |
— |
|
|
| Summary of Defined Benefit Obligation and Fair Value of Plan Assets |
The details of the present value of the defined benefit obligation and the fair value of the plan assets are as follows:
|
|
12/31/2024 |
|
|
12/31/2023 |
|
|
12/31/2022 |
|
|
Actuarial obligation at beginning of the year |
1,141,841 |
|
|
1,097,982 |
|
|
1,161,693 |
|
|
Current service cost |
386 |
|
|
157 |
|
|
219 |
|
|
Business combination |
9,560 |
|
|
— |
|
|
319 |
|
|
Interest on actuarial obligation |
105,302 |
|
|
107,057 |
|
|
98,343 |
|
|
Early settlement in the plan |
— |
|
|
— |
|
|
(3,081 |
) |
|
Actuarial (gain) loss arising from financial assumptions |
(170,791 |
) |
|
62,807 |
|
|
(88,709 |
) |
|
Actuarial loss (gain) arising from experience adjustment |
23,181 |
|
|
(62,889 |
) |
|
14,319 |
|
|
Actuarial gains arising from demographic assumptions |
505 |
|
|
22,116 |
|
|
— |
|
|
Benefit payments |
(91,684 |
) |
|
(85,389 |
) |
|
(85,121 |
) |
|
Actuarial obligation at the end of the year |
1,018,300 |
|
|
1,141,841 |
|
|
1,097,982 |
|
|
|
|
|
|
|
|
|
|
|
|
Fair value of plan assets at the beginning of the year |
(524,527 |
) |
|
(522,474 |
) |
|
(492,408 |
) |
|
Interest income |
(46,423 |
) |
|
(49,720 |
) |
|
(42,224 |
) |
|
Return on investments in the year (excluding interest income) |
34,709 |
|
|
2,443 |
|
|
11,405 |
|
|
Early settlement in the plan |
— |
|
|
— |
|
|
3,698 |
|
|
Employer contributions |
(43,340 |
) |
|
(40,278 |
) |
|
(87,945 |
) |
|
Benefit payments |
87,603 |
|
|
85,502 |
|
|
85,000 |
|
|
Fair value of plan assets at the end of the year |
(491,978 |
) |
|
(524,527 |
) |
|
(522,474 |
) |
|
|
|
|
|
|
|
|
|
|
|
Net defined benefit liability |
526,322 |
|
|
617,314 |
|
|
575,508 |
|
|
| Summary of Expense Recognized in Profit or Loss |
The total expense recognized in the financial results is as follows:
|
|
12/31/2024 |
|
|
12/31/2023 |
|
|
12/31/2022 |
|
|
Current service cost |
(386 |
) |
|
(157 |
) |
|
(219 |
) |
|
Interest on actuarial obligation |
(58,879 |
) |
|
(57,337 |
) |
|
(56,119 |
) |
|
|
(59,265 |
) |
|
(57,494 |
) |
|
(56,338 |
) |
|
| Summary of Amount Recognised as Accumulated Other Comprehensive Income |
Total amount recognized as accumulated other comprehensive income:
|
|
12/31/2024 |
|
|
12/31/2023 |
|
|
12/31/2022 |
|
|
Accumulated at the beginning of the year |
180,311 |
|
|
204,788 |
|
|
141,803 |
|
|
Actuarial gain (loss) arising from financial assumptions |
168,351 |
|
|
(62,807 |
) |
|
88,709 |
|
|
Actuarial (loss) gain arising from experience adjustment |
(23,575 |
) |
|
62,889 |
|
|
(14,319 |
) |
|
Actuarial loss arising from demographic assumptions |
— |
|
|
(22,116 |
) |
|
— |
|
|
Return on investments in the year (excluding interest income) |
(34,709 |
) |
|
(2,443 |
) |
|
(11,405 |
) |
|
Accumulated at the end of the year |
290,378 |
|
|
180,311 |
|
|
204,788 |
|
|
| Summary of Plan Assets |
The plan's assets consist of the following:
|
|
12/31/2024 |
|
|
12/31/2023 |
|
|
|
Value |
|
|
% |
|
|
Value |
|
|
% |
|
|
Fixed income |
491,194 |
|
|
100.00% |
|
|
523,743 |
|
|
100.00% |
|
|
|
491,194 |
|
|
100.00% |
|
|
523,743 |
|
|
100.00% |
|
|
| Summary of Assumptions to Determine Defined Benefit Obligations |
The following are the primary assumptions used to determine the Company's and its subsidiaries' benefit obligations:
|
|
Future |
|
|
Health insurance |
|
|
|
12/31/2024 |
|
|
12/31/2023 |
|
|
12/31/2024 |
|
|
12/31/2023 |
|
|
Discount rate |
11.07% |
|
|
9.29% |
|
|
12.14% p.a. |
|
|
10.12% p.a. |
|
|
Inflation rate |
3.50% |
|
|
3.50% |
|
|
4.50% p.a. |
|
|
4.50% p.a. |
|
|
Future salary increases |
N/A |
|
|
N/A |
|
|
N/A |
|
|
N/A |
|
|
Morbidity (aging factor) |
N/A |
|
|
N/A |
|
|
3.00% |
|
|
3.00% |
|
|
Future pension increases |
3.50% |
|
|
3.50% |
|
|
3.00% p.a. |
|
|
3.00% p.a. |
|
|
Overall mortality (segregated by sex) |
N/A |
|
|
N/A |
|
|
AT-2000 (smoothed in 10%) |
|
|
AT-2000
(smoothed in 10%) |
|
|
Disability mortality |
N/A |
|
|
N/A |
|
|
IAPB-1957 |
|
|
IAPB-1957 |
|
|
Entry into disability (modified) |
N/A |
|
|
N/A |
|
|
UP-84 modified |
|
|
UP-84 modified |
|
|
Turnover |
N/A |
|
|
N/A |
|
|
0.60/ (service time +1) |
|
|
0.60/ (service time +1) |
|
|
| Summary of Changes in Discount Rate |
Change in the discount rate is one of the relevant actuarial assumptions, as it impacts the defined benefit obligation. The following table demonstrates the sensitivity of the defined benefit obligation to changes in the discount rate, keeping other assumptions constant:
|
|
Discount rate |
|
|
Medical inflation |
|
|
|
Increase 0.50% |
|
|
Reduction (0.50)% |
|
|
Increase 0.50% |
|
|
Reduction (0.50)% |
|
|
Futura |
611,199 |
|
|
654,754 |
|
|
— |
|
|
— |
|
|
Health insurance |
(17,382 |
) |
|
18,988 |
|
|
(432 |
) |
|
520 |
|
|