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TRADE ACCOUNTS RECEIVABLE | 12 Months Ended
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Dec. 31, 2020
TRADE ACCOUNTS RECEIVABLE |
TRADE ACCOUNTS RECEIVABLE | NOTE 5 — TRADE ACCOUNTS RECEIVABLE
|  | 2020 |  | 2019
Trade accounts receivable - in Brazil |  | 2,081,740 |  | 1,193,971
Trade accounts receivable - exports from Brazil |  | 26,121 |  | 117,274
Trade accounts receivable - outside of Brazil |  | 1,766,555 |  | 1,459,204
(-) Impairment loss on trade receivables |  | (137,146) |  | (98,079)
|  | 3,737,270 |  | 2,672,370
Accounts receivable by aging are as follows:
|  | 2020 |  | 2019
Current |  | 3,466,000 |  | 2,226,121
Past-due: |  |  |  |
Up to 30 days |  | 259,756 |  | 381,999
From 31 to 60 days |  | 48,905 |  | 58,972
From 61 to 90 days |  | 9,355 |  | 30,202
From 91 to 180 days |  | 13,636 |  | 15,384
From 181 to 360 days |  | 15,899 |  | 16,739
Above 360 days |  | 60,865 |  | 41,032
(-) Impairment on financial assets |  | (137,146) |  | (98,079)
|  | 3,737,270 |  | 2,672,370
The Company’s maximum exposure to credit risk, net of impairment on financial assets, is the amount of accounts receivable. The credit quality of accounts receivable to maturity is considered adequate, and the value of the effective risk of possible losses on accounts receivable from customers is presented as impairment on financial assets. The changes in the impairment on financial assets are as follows:
Balance as of January 1, 2018 |  | (179,702)
Impairment on financial assets during the year |  | (111,900)
Recoveries in the year |  | 101,986
Write-offs |  | 39,943
Exchange variation |  | (5,136)
Assets held for sale |  | (3,348)
Balance as of December 31, 2018 |  | (158,157)
Impairment on financial assets during the year |  | (81,243)
Recoveries in the year |  | 60,199
Write-offs |  | 78,635
Exchange variation |  | 2,487
Balance as of December 31, 2019 |  | (98,079)
Impairment on financial assets during the year |  | (148,548)
Recoveries in the year |  | 84,416
Write-offs |  | 36,210
Exchange variation |  | (11,145)
Balance as of December 31, 2020 |  | (137,146)

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- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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- References No definition available. + Details
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