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TRADE ACCOUNTS PAYABLE
12 Months Ended
Dec. 31, 2020
TRADE ACCOUNTS PAYABLE  
TRADE ACCOUNTS PAYABLE

NOTE 14 – TRADE ACCOUNTS PAYABLE

 

 

 

 

 

 

 

    

2020

    

2019

Trade accounts payable - domestic market

 

3,941,924

 

2,701,246

Trade accounts payable - debtor risk

 

726,045

 

376,093

Trade accounts payable - intercompany

 

8,958

 

4,283

Trade accounts payable - imports

 

761,026

 

681,146

 

 

5,437,953

 

3,762,768

 

The Company has contracts with financial institutions in order to allow its suppliers to receive in advance their receivables through an operation called "Trade accounts payable - debtor risk". In this operation, the suppliers transfer the right to receive their receivables to a financial institution, which in turn, becomes the holder of the rights to the suppliers' receivables. The Company constantly monitors the composition of the portfolio and the conditions established with its suppliers, which have not resulted in significant changes in relation to what had been practiced historically.