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TRADE ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2021

NOTE 5 — TRADE ACCOUNTS RECEIVABLE


	2021	2020
Trade accounts receivable - in Brazil	2,640,011	2,081,740
Trade accounts receivable - exports from Brazil	249,834	26,121
Trade accounts receivable - outside of Brazil	2,632,002	1,766,555
(-) Impairment loss on trade receivables	(107,772)	(137,146)
	5,414,075	3,737,270

Accounts receivable by aging are as follows:


	2021	2020
Current	4,646,175	3,466,000
Past-due:
Up to 30 days	494,866	259,756
From 31 to 60 days	139,415	48,905
From 61 to 90 days	32,245	9,355
From 91 to 180 days	169,959	13,636
From 181 to 360 days	8,220	15,899
Above 360 days	30,967	60,865
(-) Impairment on financial assets	(107,772)	(137,146)
	5,414,075	3,737,270

The changes in the impairment on financial assets are as follows:


Balance as of January 1, 2019		(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)
Impairment on financial assets during the year		(55,731)
Recoveries in the year		56,088
Write-offs		9,892
Loss of control of subsidiary (note 3.4)		23,203
Exchange variation		(4,078)
Balance as of December 31, 2021		(107,772)

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.