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EXPENSES BY NATURE
 12 Months Ended
Dec. 31, 2020
EXPENSES BY NATURE  
EXPENSES BY NATURE

NOTE 31 — EXPENSES BY NATURE

The Company opted to present its Consolidated Income Statement by function. As required by IAS 1, the expenses classified by nature are as follows:

 

 

 

 

 

 

 

 

 

    

2020

    

2019

    

2018

Depreciation and amortization

 

(2,499,104)

 

(2,074,295)

 

(1,891,814)

Labor expenses

 

(5,867,265)

 

(5,175,373)

 

(5,724,352)

Raw material and consumption material

 

(26,945,440)

 

(25,890,618)

 

(29,623,418)

Freight

 

(2,572,293)

 

(2,300,439)

 

(2,770,516)

Impairment of non-financial assets

 

(411,925)

 

 -

 

 -

Gains and losses on assets held for sale and sales of interest in subsidiaries

 

 -

 

 -

 

(414,507)

Other expenses/income, net

 

(476,818)

 

(1,002,301)

 

(1,697,786)

 

 

(38,772,845)

 

(36,443,026)

 

(42,122,393)

 

 

 

 

 

 

 

Classified as:

 

  

 

  

 

  

Cost of sales

 

(37,884,102)

 

(35,440,726)

 

(40,010,100)

Selling expenses

 

(512,950)

 

(476,339)

 

(570,431)

General and administrative expenses

 

(1,017,435)

 

(954,117)

 

(1,082,449)

Other operating income

 

1,763,684

 

636,847

 

235,421

Other operating expenses

 

(645,985)

 

(187,647)

 

(270,413)

Impairment of financial assets

 

(64,132)

 

(21,044)

 

(9,914)

Impairment of non-financial assets

 

(411,925)

 

 -

 

 -

Gains and losses on assets held for sale and sales of interest in subsidiaries

 

 -

 

 -

 

(414,507)

 

 

(38,772,845)

 

(36,443,026)

 

(42,122,393)