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3. SALE OF FOREIGN SUBSIDIARY (Tables) | 12 Months Ended
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Dec. 31, 2018
Sale Of Foreign Subsidiary Tables Abstract |
Sale of foreign subsidiary |
|  |  | 06/30/2018 |  |  | Change in working capital |  | In 2018 |
| U$$ |  | R$ |  |  | U$$ |  | R$ |  | R$ |
Receipt from disposal of the investment | 395,661 |  | 1,525,590 |  |  |  |  |  |  | 1,525,590 |
Deposit in Warranty | 2,000 |  | 7,712 |  |  |  |  |  |  | 7,712 |
Contractual expenses and fees (d) | 2,339 |  | 9,021 |  |  |  |  |  |  | 9,021 |
Basis price for alienation (a) | 400,000 |  | 1,542,323 |  |  |  |  |  |  | 1,542,323 |
Working Capital Receivable (b) (*) | 34,008 |  | 131,127 |  |  | 3,581 |  | 14,402 |  | 145,529 |
Shareholder's Equity da LLC (c) | 133,445 |  | 514,537 |  |  |  |  |  |  | 514,537 |
Net gain of alienation = (a+b-c-d) | 298,224 |  | 1,149,892 |  |  | 3,581 |  | 14,402 |  | 1,164,294 |
Net investment, results and cash flows from the sale of the investment | 3.a) Balance sheet
| LLC
| 06/30/2018
ASSETS |
Current Assets | 418,014
Cash and cash equivalents | 760
Trade Receivable | 114,266
Inventory | 299,373
Other current assets | 3,615
Non-current assets | 191,431
Other non-current assets | 205
Property, plant and equipment | 191,226
TOTAL ASSETS | 609,445
LIABILITIES |
Current Liabilities | 89,810
Borrowings and Financing | 5,446
Social and Labor obligations | 5,526
Trade payables | 76,400
Tax payables | 1,398
Other payables | 1,040
Non-current liabilities | 5,098
Borrowings and Financing | 5,098
Shareholders' equity (disposal) | 514,537
TOTAL LIABILITIES | 609,445
3.b) Statement of Income
| 06/30/2018 |  | 06/30/2017
Net Revenues | 997,061 |  | 472,409
Cost from sale of goods and rendering of services | (888,850) |  | (388,322)
Gross profit | 108,211 |  | 84,087
Selling expenses | (24,650) |  | (10,521)
General and administrative expenses | (15,649) |  | (9,531)
Other operating expenses, net | (844) |  | (358)
Profit before financial income (expenses) | 67,068 |  | 63,677
Financial income (expenses), net | (2,641) |  | (428)
Profit (loss) before taxes | 64,427 |  | 63,249
Income tax and Social Contribution | (1,730) |  | -
Profit (loss) for the period | 62,697 |  | 63,249
3.c) Statement of Cash Flows
| 06/30/2018 |  | 06/30/2017
Net cash provided by (used) by operating activities | 149,691 |  | (69,216)
Net cash provided by (used) by investing activities | (6,269) |  | (2,492)
Net cash provided by (used) by financing activities | (176,592) |  | (1,860)
Increase (decrease) in cash and cash equivalents for the period | (33,170) |  | (73,568)
Cash and equivalents at the beginning of the year | 33,930 |  | 112,428
Cash and equivalents at the end of the year | 760 |  | 38,860
Net revenue receipts from sale of subsidiary LLC
| In 2018
Net cash received from the sale of the asset | 1,525,590
Cash and cash equivalents transferred on the sale of the assets | (760)
Working capital received | 145,529
Net cash provided by the sale of assets | 1,670,359

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