RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of significant accounting policies [Abstract]

Disclosure of initial application of standards or interpretations

The total impact on the Company’s financial instruments as of January 1, 2018 is as follows:



	Fair value through profit or loss		Fair value through other comprehensive income	Held to maturity		Amortized cost (Loans and receivables 2017)

Closing balance as of December 31, 2017 - IAS 39	332,143		—	6,129		131,675
Reclassification of Investments in bonds from Held to maturity to Fair value through other comprehensive income	—		6,129	(6,129	)	—
Reclassification of Investments in bonds from Fair value through profit or loss to Fair value through other comprehensive income	(78,258	)	78,258	—		—
Reclassification of Other financial Instruments from Fair value through profit or loss to Amortized cost	(28,343	)	—	—		28,343
Adjustment of Other comprehensive income from adoption of IFRS 9	—		75	—		—
Opening balance as of January 1, 2018 - IFRS 9	225,542		84,462	—		160,018



	Reserves		Retained earnings

Closing balance as of December 31, 2017 - IAS 39	1,416,121		6,491,385
Financial instruments	733		(658	)
Income tax related to Financial instruments	(124	)	124
Allowance for impairment of trade receivables	—		569
Income tax related to Allowance for impairment of trade receivables	—		(137	)
Effect on Minority interest related to the adoption of IFRS 9	(159	)	(45	)
Opening balance as of January 1, 2018 - IFRS 9	1,416,571		6,491,238

To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. On that basis, the loss allowance as of January 1, 2018, was determined as follows for trade receivables:



	Fully performing		Past due between 1 and 90 days		Past due between 91 and 360 days		Past due more than 360 days

Expected loss rate	0.12%		0.93%		8.08%		99.54%
Non-guaranteed trade receivables - Gross carrying amount	543,792		51,669		6,080		14,397
Allowance for trade receivables	(668	)	(483	)	(491	)	(14,331	)