31.

Revenue (expenses) by type

The Company opted to present the consolidated statements of income by function. The table below shows the detailed costs and expenses by nature:


	12.31.2018			12.31.2017			12.31.2016
				(Restated)			(Restated)
As presented as statements of Income:
Revenue		5,071.1			5,859.4			6,203.9
Cost of sales and services		(4,303.1	)		(4,764.1	)		(4,982.0	)
Administrative		(182.6	)		(179.1	)		(164.3	)
Selling		(304.2	)		(315.9	)		(353.4	)
Research		(46.1	)		(49.2	)		(47.6	)
Other income (expenses), net		(199.4	)		(210.4	)		(442.6	)
Equity in losses on associates		(0.4	)		1,2			(0.3	)

Operating profit before financial income		35.3			341.9			213.7

Revenue (expenses) by nature:
Revenue from sales of goods		4,450.5			5,023.6			5,404.7
Revenue from sales of services		676.5			920.6			880.8
Sales deductions and tax on revenue (i)		(55.9	)		(84.8	)		(81.6	)
General manufacturing costs (ii)		(4,031.1	)		(4,421.4	)		(4,613.6	)
Depreciation		(159.2	)		(196.5	)		(194.5	)
Amortization		(112.8	)		(146.2	)		(173.9	)
Personnel expenses		(245.8	)		(245.4	)		(261.6	)
Selling expenses		(42.7	)		(53.8	)		(83.6	)
Provision for penalties		—			(10.1	)		(228.0	)
Restructuring expenses		—			(6.4	)		(117.3	)
Miscellaneous		(444.2	)		(437.7	)		(317.7	)

Operating profit before financial income		35.3			341.9			213.7

(i)	Refers to sales taxes and other deductions.

(ii)	Refers to costs of materials, direct labor and general manufacturing expenses.