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Accounting practices adopted (Tables) | 12 Months Ended
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Dec. 31, 2018
Accounting practices adopted |
Schedule of change in assets and liabilities due to adoption of leases |
|  | Present value of |  |  |
Asset |  | liabilities (a) |  | Discount rate (b) |
Land |  | R$ | 990,928 |  | 5.78 | %
Property |  | R$ | 18,452 |  | 5.78 | %
Machine and Equipment |  | R$ | 103,235 |  | 5.13 | %
Total |  | R$ | 1,112,615 |  |  |
(a)Net tax liability (b)To determine the discount rates, quotes were obtained from financial institutions for contracts with characteristics and average terms similar to the lease agreements.

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