Concession of Brazilian Federal Highways: Orphan Assets Evidence

Authors

  • Samuel de Rezende Salgado Programa de Pos-Graduação em Ciências Contábeis da Universidade de Brasília Author
  • Marcelo Driemeyer Wilbert Programa de Pos-Graduação em Ciências Contábeis da Universidade de Brasília Author
  • Diana Vaz de Lima Programa de Pos-Graduação em Ciências Contábeis da Universidade de Brasília Author
  • Wellington Alves de Oliveira Programa de Pos-Graduação em Ciências Contábeis da Universidade de Brasília Author

DOI:

https://doi.org/10.4025/enfoque.v36i1.32380

Abstract

One of the uses of public service concession contracts in Brazil is in the road infrastructure sector, existing at the federal level 21 roads’ concession contracts, totaling approximately 10 thousand kilometers, which is 12.6% of the federal road network. Whereas in this type of contract the government does not transfer ownership of the asset, but only access to the concessionaire for the operation of public services, this study aims to determine in which entity (public or private) are registered the federal roads, object of the concession contracts. To address the research question, the financial statements of 21 utility companies or controlling group were analyzed, as well the balance sheet of the National Land Transportation Agency (ANTT), all for the year 2014. The study findings show that the Brazilian federal highways are not recorded in public statements or in the financial statements of utility companies, providing evidence that these infrastructure assets meet the definition of orphan assets. Thus, the net worth of the ANTT is not adequately represented in its balance sheet.

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Author Biographies

  • Samuel de Rezende Salgado, Programa de Pos-Graduação em Ciências Contábeis da Universidade de Brasília

    Contador e Mestrando do Programa de Pós-Graduação em Ciências Contábeis (PPGCont) da Universidade de Brasília

  • Marcelo Driemeyer Wilbert, Programa de Pos-Graduação em Ciências Contábeis da Universidade de Brasília

    Engenheiro Mecânico, Mestre e Doutor em Economia

    Professor do Programa de Pós-Graduação em Ciências Contábeis (PPGCont) da Universidade de Brasília

  • Diana Vaz de Lima, Programa de Pos-Graduação em Ciências Contábeis da Universidade de Brasília

    Contadora, mestre em administração e doutora em ciências contábeis. Professora do Programa de Pós-Graduação em Contabilidade - PPGCont da Universidade de Brasília. Departamento de Ciências Contábeis e Atuariais

  • Wellington Alves de Oliveira, Programa de Pos-Graduação em Ciências Contábeis da Universidade de Brasília
    Contador e Mestrando do Programa de Pós-Graduação em Ciências Contábeis (PPGCont) da Universidade de Brasília

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Published

2017-01-20

Issue

Vol. 36 No. 1 (2017)

Section

Original Articles

License

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How to Cite

Salgado, S. de R., Wilbert, M. D., Lima, D. V. de, & Oliveira, W. A. de. (2017). Concession of Brazilian Federal Highways: Orphan Assets Evidence. Enfoque: Reflexão Contábil, 36(1), 105-122. https://doi.org/10.4025/enfoque.v36i1.32380