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EXPENSES BY NATURE
12 Months Ended
Dec. 31, 2023
EXPENSES BY NATURE  
EXPENSES BY NATURE

NOTE 30 — 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:

    

2023

    

2022

    

2021

Depreciation and amortization

 

(3,047,212)

 

(2,866,699)

 

(2,658,561)

Labor expenses

 

(7,653,352)

 

(7,367,601)

 

(7,249,811)

Raw material and consumption material

 

(42,523,164)

 

(48,606,561)

 

(43,720,989)

Freight

 

(4,360,264)

 

(4,820,294)

 

(3,898,360)

Other expenses/income, net

 

(1,707,334)

 

(2,151,429)

 

(1,585,863)

Eletrobras compulsory loan recovery

 

 

 

1,391,280

Results in operations with subsidiary and joint ventures

 

 

 

(162,913)

(59,291,326)

(65,812,584)

(57,885,217)

Classified as:

 

  

 

  

 

  

Cost of sales

 

(57,583,992)

 

(63,661,156)

 

(57,527,721)

Selling expenses

 

(716,195)

 

(733,026)

 

(715,830)

General and administrative expenses

 

(1,491,441)

 

(1,454,592)

 

(1,390,121)

Other operating income

 

1,033,506

 

246,313

 

979,760

Other operating expenses

 

(522,476)

 

(210,042)

 

(460,029)

Eletrobras compulsory loan recovery

1,391,280

Results in operations with subsidiary and joint ventures

 

 

 

(162,913)

Impairment of financial assets

 

(10,728)

 

(81)

 

357

(59,291,326)

(65,812,584)

(57,885,217)