Revenue

(GRI 2.8)

In 2013, Consolidated Gross Operating Revenue came to R$ 1,118.3 million, down 51.1% from the R$ 2,287.2 million in 2012. This change mainly resulted from the new level of Financial Income, which reflects the current balance of Financial Assets, written off because the assets related to concession contract 059/2001 were returned to the Federal Government under the terms of addendum signed on December 04, 2012, which extended the contract by another 30 years.

Revenue from Construction Services
Revenues from construction or improvement services are recognized based on the progress of the works, under the service concession contract.

Consolidated Construction Revenues totaled R$ 267.9 million in 2013, up 28.7% from the R$ 208.1 million recorded in 2012. This change mainly resulted from the recognition of revenue from investments in Improvements by ANEEL, which reflects the stable Construction and Improvement revenues established in the extension of the Parent Company's concession contract 059/2001.

Financial Income
Financial income is recognized when future economic benefits are likely to be booked by the Company so that revenue can be measured accurately.

In 2013, Consolidated Financial Income came to R$ 242.7 million, down 83.5% from the R$ 1,467.3 million reported in 2012, reflecting the change in the financial flow expected for the realization of construction and reversal amounts. Owing to the extension of the Parent Company's concession contract 059/2001, financial assets comprised only investments realized and not considered in the reversal provided for by Law 12783/2013 at the close of 2013.

Other Revenues
Other revenues correspond to leasing with the fixed-line telephone company and maintenance and technical analysis services provided by third parties.

They totaled R$ 21.2 million in 2013, up 8.7% from the 19.5% recorded in 2012, mainly due to the inflation adjustment in contract prices.

Deductions from operating revenues totaled R$ 137.2 million in 2013, a drop of 49.6% against the R$ 272.2 million recorded in 2012. This change reflects the 79.3% decrease in regulatory charges, proportional to the fall in RAP resulting from the extension of the Parent Company's concession contract 059/2001 and the suspension of the payments of the Global Reversal Reserve (RGR) charges and the Fuel Account (CCC) related to 2013 pursuant to Law 12783/2013.