XML 36 R11.htm IDEA: XBRL DOCUMENT

TRADE ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2023

NOTE 5 — TRADE ACCOUNTS RECEIVABLE


	2023	2022
Trade accounts receivable - in Brazil	2,622,865	2,641,881
Trade accounts receivable - exports from Brazil	617,577	262,306
Trade accounts receivable - outside of Brazil	1,724,838	2,187,404
(-) Impairment loss on trade receivables	(89,886)	(92,587)
	4,875,394	4,999,004

Accounts receivable by aging are as follows:


	2023	2022
Current	4,294,446	4,303,352
Past-due:
Up to 30 days	513,384	629,018
From 31 to 60 days	48,538	50,587
From 61 to 90 days	24,027	37,065
From 91 to 180 days	50,502	24,627
From 181 to 360 days	13,251	18,934
Above 360 days	21,132	28,008
(-) Impairment on financial assets	(89,886)	(92,587)
	4,875,394	4,999,004

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


Balance as of January 1, 2021		(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)
Impairment on financial assets during the year		(29,445)
Recoveries in the year		29,364
Write-offs		11,313
Exchange variation		3,953
Balance as of December 31, 2022		(92,587)
Impairment on financial assets during the year		(37,609)
Recoveries in the year		26,719
Write-offs		9,736
Exchange variation		3,855
Balance as of December 31, 2023		(89,886)

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.