XML 56 R49.htm IDEA: XBRL DOCUMENT

9. Income and Social Contribution Taxes (Tables)

12 Months Ended

Dec. 31, 2017

Income And Social Contribution Taxes Tables

Deferred taxes

		2017		2016

Assets - Deferred income and social contribution taxes on:
Provision for impairment of assets		47,592		46,254
Provisions for tax, civil, and labor risks		145,767		163,096
Provision for post-employment benefits		81,199		54,185
Provision for differences between cash and accrual basis		40,755		18,452
Goodwill		14,234		17,823
Business combination – fiscal basis vs. accounting basis of goodwill		74,972		68,064
Provision for asset retirement obligation		19,111		23,419
Other provisions		146,002		136,463
Tax losses and negative basis for social contribution carryforwards (d)		201,471		78,682

Total		771,103		606,438
Offset the liabilities balance		(225,492)		(189,094)
Net balance of assets		545,611		417,344

Liabilities - Deferred income and social contribution taxes on:
Revaluation of property, plant, and equipment		2,109		2,640
Lease		3,361		3,899
Provision for differences between cash and accrual basis		44,440		59,264
Provision for goodwill/negative goodwill		131,811		74,895
Business combination – fair value of assets		45,414		46,202
Temporary differences of foreign subsidiaries		955		2,290
Other provisions		35,926		7,549

Total		264,016		196,739
Offset the assets balance		(225,492)		(189,094)
Net balance of liabilities		38,524		7,645

Changes in balance of deferred taxes

	2017		2016		2015

Initial balance	409,699		292,989		309,726
Deferred IRPJ and CSLL recognized in income of the year	83,029		100,505		(14,813)
Deferred IRPJ and CSLL recognized in other comprehensive income	13,389		18,938		(2,250)
Deferred IRPJ and CSLL recognized in business combination	(610)		-		-
Others	1,580		(2,733)		326

Final balance	507,087		409,699		292,989

Recovery of deferred tax assets


Up to 1 Year		207,210
From 1 to 2 Years		79,790
From 2 to 3 Years		139,314
From 3 to 5 Years		94,397
From 5 to 7 Years		194,627
From 7 to 10 Years		55,765

Total of deferred tax assets relating to IRPJ and CSLL		771,103

Reconciliation of taxes

	2017		2016		2015

Income (loss) before taxes and share of profit (loss) of joint ventures, and associates	2,392,624		2,263,134		2,258,192
Statutory tax rates - %	34		34		34
Income and social contribution taxes at the statutory tax rates	(813,492)		(769,466)		(767,785)
Adjustments to the statutory income and social contribution taxes:
Nondeductible expenses (i)	(105,017)		(57,961)		(70,540)
Nontaxable revenues (ii)	19,084		7,561		3,753
Adjustment to estimated income (iii)	10,844		14,218		12,926
Interest on equity (iv)	(550)		(364)		-
Other adjustments	1,104		7,108		4,874
Income and social contribution taxes before tax incentives	(888,027)		(798,904)		(816,772)

Tax incentives - SUDENE	48,598		98,912		82,436
Income and social contribution taxes in the income statement	(839,429)		(699,992)		(734,336)

Current	(922,458)		(800,497)		(719,523)
Deferred	83,029		100,505		(14,813)

Effective IRPJ and CSLL rates - %	35.0		30.9		32.5

Tax incentives

Subsidiary	Units	Incentive - %	Expiration



Bahiana Distribuidora de Gás Ltda.	Aracaju base ⁽¹⁾	75	2017
	Suape base	75	2018
	Mataripe base	75	2024
	Caucaia base	75	2025

Terminal Químico de Aratu S.A. – Tequimar	Suape terminal	75	2020
	Aratu terminal	75	2022
	Itaqui terminal	75	2025

Oleoquímica Indústria e Comércio de Produtos Químicos Ltda.	Camaçari plant	75	2021

Oxiteno Nordeste S.A. Indústria e Comércio	Camaçari plant ⁽²⁾	75	2026

Empresa Carioca de Produtos Químicos S.A.	Camaçari plant ⁽³⁾	75	2026