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Trade Payables | 12 Months Ended
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Dec. 31, 2019
Text block [abstract] |
Trade Payables | 17. Trade Payables
|  | 12/31/2019 |  |  | 12/31/2018 |
Domestic suppliers |  |  | 1,897,256 |  |  |  | 2,079,010 |
Domestic suppliers – reverse factoring (i) |  |  | 455,950 |  |  |  | 73,169 |
Foreign suppliers |  |  | 261,222 |  |  |  | 472,597 |
Foreign suppliers – reverse factoring (i) |  |  | 85,643 |  |  |  | 106,901 |
|  |  | 2,700,071 |  |  |  | 2,731,677 |
(i) | Suppliers – reverse factoring: some subsidiaries of the Company entered into an agreements with a financial institutions, which consists of the anticipation of receipt of the trade payables by the supplier, in which the financial institutions prepay a certain amount from the supplier, and receives on the maturity date the amount payable by the subsidiaries of the Company. The decision to join this transaction is solely and exclusively of the supplier. The agreement does not substantially change the main characteristics of the commercial conditions previously established between the subsidiaries of the Company and the suppliers. These transactions are presented in operating activities in the statements of cash flow.
Some Company’s subsidiaries acquire oil-based fuels and LPG from Petrobras and its subsidiaries and ethylene from Braskem S.A. These suppliers control almost all the markets for these products in Brazil.

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- Definition The disclosure of trade and other payables. [Refer: Trade and other payables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
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