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NET FINANCIAL RESULT (Tables)
 6 Months Ended
Jun. 30, 2020
NET FINANCIAL RESULT  
Schedule of net financial result

 

  

June 30,

  

June 30,

 

 

2020

 

2019

Financial expenses

 

 

 

 

Interest on loans, financing and debentures (1)

 

(1,728,835)

 

(1,674,698)

Amortization of fundraising costs

 

(41,268)

 

(159,856)

Amortization of fair value adjustment on business combination

 

(10,660)

 

 63,128

Other financial expenses

 

(338,787)

 

(307,570)

 

 

(2,119,550)

 

(2,078,996)

Financial income

 

 

 

 

Cash and cash equivalents and marketable securities

 

 108,427

 

 214,116

Amortization of fair value adjustment on business combination

 

 47,619

 

 37,412

Other financial income

 

 47,127

 

 47,401

 

 

 203,173

 

 298,929

Income from derivative financial instruments

 

 

 

 

Income

 

 990,989

 

 1,052,879

Expenses

 

(11,826,103)

 

(1,432,386)

 

 

(10,835,114)

 

(379,507)

Monetary and exchange rate variation, net

 

 

 

 

Exchange rate variation on loans, financing and debentures

 

(16,364,585)

 

 421,010

Lease

 

(742,501)

 

(11,684)

Other assets and liabilities (2)

 

 1,757,291

 

(106,830)

 

 

(15,349,795)

 

 302,496

 

 

(28,101,286)

 

(1,857,078)

1)

Does not include the amount of R$7,940 arising from capitalized interest for the six-month period ended June 30, 2020 (R$1,505 as of June 30, 2019).

2)

Includes effects of exchange rate variations of customers, suppliers, cash and cash equivalents, marketable securities and others.