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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of detailed information about hedging instruments
The net fair values of derivative financial instruments at December 31, 2018 and 2017 were as follows:
 
As of December 31,
 
2018
 
2017
 
 
 
 
Contracts with positive fair value
 
 
 
Interest rate swap contracts
818

 
302

Foreign exchange contracts
770

 
2,002

 
 
 
 
 
1,588

 
2,304

 
 
 
 
Contracts with negative fair value
 
 
 
Foreign exchange contracts
(12,981
)
 
(6,001
)
 
 
 
 
 
(12,981
)
 
(6,001
)
Changes in fair value of derivative instruments designated as cash flow hedges for each of the years presented are included below:
 
Cash flow hedges
 
Gross amount
 
Income tax
 
Total
 
 
 
 
 
 
At December 31, 2016
75

 
(22
)
 
53

 
 
 
 
 
 
(Decrease) / Increase
363

 
3

 
366

Reclassification to income statement
372

 
(110
)
 
262

 
 
 
 
 
 
At December 31, 2017
810

 
(129
)
 
681

 
 
 
 
 
 
(Decrease) / Increase
(14
)
 
(108
)
 
(122
)
Reclassification to income statement
(117
)
 
35

 
(82
)
 
 
 
 
 
 
At December 31, 2018
679

 
(202
)
 
477

The net fair values of the exchange rate derivative contracts as of December 31, 2018 and December 31, 2017 were as follows:
 
 
 
 
 
 
Fair value at December 31,
Currencies
 
Contract
 
Notional
amount
 
2018
 
2017
 
 
 
 
 
 
 
 
 
EUR/$
 
ND Forward - Buy EUR
 
212.9 million EUR
 
(12,954
)
 
224

BRL/$
 
ND Forward - Buy BRL
 
34.5 million BRL
 
(493
)
 
1,514

EUR/$
 
ND Forward - Sell EUR
 
1.9 million EUR
 
(27
)
 
—

BRL/$
 
ND Forward - Sell BRL
 
32.0 million BRL
 
1,154

 
247

COP/$
 
ND Forward - Sell COP
 
194.9 billion COP
 
109

 
17

ARS/$
 
ND Forward - Buy ARS
 
6.4 billion ARS
 
—

 
(6,534
)
ARS/$
 
ND Forward - Sell ARS
 
187.0 million ARS
 
—

 
533

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(12,211
)
 
(3,999
)
ARS: Argentine pesos; COP: Colombian pesos; EUR: E.U. euros; $: U.S. dollars; BRL: Brazilian reais.