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COST OF SALES

12 Months Ended

Dec. 31, 2020

Analysis of income and expense [abstract]

COST OF SALES

COST OF SALES


						Year ended December 31,
						2020						2019						2018


Inventories at the beginning of the year						2,158,298						2,689,829						2,550,930

Effect of initial inflation adjustment (Note 3 (cc))						—						—						191,708
Translation differences						—						(21,919)						(413,436)

Plus: Charges for the year
Raw materials and consumables used and other movements						5,359,938						6,165,654						6,961,704
Services and fees						112,924						151,373						158,551
Labor cost						546,045						611,615						699,447
Depreciation of property, plant and equipment						527,283						508,934						456,522
Amortization of intangible assets						14,624						17,805						25,374
Maintenance expenses						371,368						467,090						519,625
Office expenses						6,131						8,513						8,586

Insurance						10,641						9,674						8,769
Change of obsolescence allowance						(1,279)						8,413						17,322
Recovery from sales of scrap and by-products						(20,892)						(23,793)						(27,744)
Others						16,623						17,550						15,799

Less: Inventories at the end of the year						(2,001,781)						(2,158,298)						(2,689,829)

Cost of Sales						7,099,923						8,452,440						8,483,328