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Financial Income (Expense)
 12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Financial Income (Expense)
30.

Financial Income (Expense)

 

     2018     2017     2016  

Financial income:

       

Interest on financial investments

      328,625       475,460       404,080  

Interest from customers

      135,514       105,773       103,976  

Changes in subscription warranty—indemnification (see Note 24)

      44,484       —         —    

Selic interest on PIS and COFINS credits (see Notes 7.a.2 and 21.a.1.2)

      168,564       —         —    

Other financial income

      4,048       3,868       5,187  
  

 

 

    

 

 

    

 

 

  
     681,235     585,101     513,243  
  

 

 

    

 

 

    

 

 

  

Financial expenses:

       

Interest on loans

      (440,641 )      (672,102 )      (777,424 ) 

Interest on debentures

      (441,394 )      (385,009 )      (374,125 ) 

Interest on finance leases

      (2,670 )      (4,991 )      (7,839 ) 

Bank charges, financial transactions tax, and other charges

      (92,558 )      (91,614 )      (74,761 ) 

Exchange variation, net of gains and losses with derivative instruments

      172,701       72,869       (69,854 ) 

Reversal of provision – ICMS from PIS and COFINS tax bases (see Note 21.a.1.2)

      —         43,411       —    

Changes in subscription warranty—indemnification (see Note 24)

      —         (20,360 )      (42,615 ) 

TCC interest – Bahiana (see Notes 21.b.2.2 and 29)

      —         (13,509 )      —    

Interest of provisions, net, and other financial expenses

      9,791       11,908       (9,201 ) 
  

 

 

    

 

 

    

 

 

  
     (794,771 )      (1,059,397 )      (1,355,819 ) 
  

 

 

    

 

 

    

 

 

  

Financial income (expense)

      (113,536 )      (474,296 )      (842,576 )