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LOANS AND FINANCING (Tables)

12 Months Ended

Dec. 31, 2018

LOANS AND FINANCING

Schedule of loans and financing

		Annual charges (*)		2018		2017
Working capital		6.78%		2,424,246		2,739,258
Financing of property, plant and equipment and others		14.28%		1,205,281		2,108,216
Ten/Thirty Year Bonds		5.81%		9,738,314		11,614,182
Total Loans and Financing				13,367,841		16,461,656
Current				1,822,183		2,004,341
Non-current				11,545,658		14,457,315
Principal amount of loans and Financing				13,178,457		16,207,120
Interest accrued of loans and Financing				189,384		254,536
Total of Debts				13,367,841		16,461,656

(*) Weighted average effective interest costs on December 31, 2018, which in a consolidated basis represent total of 6.66%.

Schedule of loans and financing by currency

		2018		2017
Brazilian Real (BRL)		2,361,610		2,710,308
U.S. Dollar (USD)		10,924,355		13,333,669
Other currencies		81,876		417,679
		13,367,841		16,461,656

Schedule of amortization of long term loans and financing

		2018		2017
2019		—		873,274
2020		2,253,958		3,158,211
2021		1,199,045		1,730,177
2022		121,490		147,715
2023		1,209,109		1,296,597
2024 after		6,762,056		7,251,341
		11,545,658		14,457,315

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The disclosure of detailed information about borrowings by currency.

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