Added Value Distribution

(GRI EC1)

CTEEP's added value totaled R$ 531.3 million in 2013, down 74.6% from the R$ 2,091.2 million recorded in 2012. Of this total, R$ 31.9 million was distributed to shareholders as dividends and interest on equity, R$ 22.6 million was used to pay taxes, fees and social contributions; R$ 231.3 million was spent on payroll and fringe benefits and R$ 245.4 million was used to pay return on third parties' capital.

In absolute amounts, there was a significant year-over-year drop as a result of the factors discussed above.