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13. FINANCIAL INSTRUMENTS (Details 6) R$ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2018 BRL (R$) R$ / $
Disclosure of detailed information about hedged items [line items] |
Designated amounts | R$ 2,745,045
Amortized part | (669,000)
Effect on Result | 370,191
Impact on Shareholders' equity | R$ (1,441,295)
Hedging relationship 1 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 11/03/2014
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | October 2016 - September 2019
Exchange rate on designation | R$ / $ | 2.4442
Designated amounts | R$ 500,000
Amortized part | (250,003)
Effect on Result | 171,983
Impact on Shareholders' equity | R$ (357,649)
Hedging relationship 2 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 12/01/2014
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | October 2015 - February 2019
Exchange rate on designation | R$ / $ | 2.5601
Designated amounts | R$ 175,000
Amortized part | (154,999)
Effect on Result | 36,766
Impact on Shareholders' equity | R$ (26,295)
Hedging relationship 3 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 12/18/2014
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | May 2020
Exchange rate on designation | R$ / $ | 2.6781
Designated amounts | R$ 100,000
Impact on Shareholders' equity | R$ (119,670)
Hedging relationship 4 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 07/21/2015
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | July 2019 - March 2021
Exchange rate on designation | R$ / $ | 3.1813
Designated amounts | R$ 60,000
Impact on Shareholders' equity | R$ (41,610)
Hedging relationship 5 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 07/23/2015
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | July 2019 - March 2021
Exchange rate on designation | R$ / $ | 3.2850
Designated amounts | R$ 100,000
Impact on Shareholders' equity | R$ (58,980)
Hedging relationship 6 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 07/23/2015
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | October 2018 - October 2022
Exchange rate on designation | R$ / $ | 3.285
Designated amounts | R$ 30,000
Amortized part | (6,000)
Effect on Result | 5,102
Impact on Shareholders' equity | R$ (14,155)
Hedging relationship 7 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 07/24/2015
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | October 2018 - October 2022
Exchange rate on designation | R$ / $ | 3.3254
Designated amounts | R$ 100,000
Amortized part | (20,000)
Effect on Result | 16,198
Impact on Shareholders' equity | R$ (43,952)
Hedging relationship 8 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 07/27/2015
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | October 2018 - October 2022
Exchange rate on designation | R$ / $ | 3.3557
Designated amounts | R$ 25,000
Amortized part | (5,000)
Effect on Result | 3,898
Impact on Shareholders' equity | R$ (10,382)
Hedging relationship 9 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 07/27/2015
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | October 2018 - October 2022
Exchange rate on designation | R$ / $ | 3.3557
Designated amounts | R$ 70,000
Amortized part | (14,000)
Effect on Result | 10,914
Impact on Shareholders' equity | R$ (29,070)
Hedging relationship 10 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 07/27/2015
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | October 2018 - October 2022
Exchange rate on designation | R$ / $ | 3.3557
Designated amounts | R$ 30,000
Amortized part | (6,000)
Effect on Result | 4,677
Impact on Shareholders' equity | R$ (12,458)
Hedging relationship 11 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 07/28/2015
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | October 2018 - October 2022
Exchange rate on designation | R$ / $ | 3.3815
Designated amounts | R$ 30,000
Amortized part | (6,000)
Effect on Result | 4,523
Impact on Shareholders' equity | R$ (11,839)
Hedging relationship 12 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 3/8/2015
Hedging instrument | Export prepayments in US$ to third parties
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | October 2018 - October 2022
Exchange rate on designation | R$ / $ | 3.3940
Designated amounts | R$ 355,000
Amortized part | (11,998)
Effect on Result | 6,179
Impact on Shareholders' equity | R$ (164,915)
Hedging relationship 13 |
Disclosure of detailed information about hedged items [line items] |
Designation date | 04/02/2018
Hedging instrument | Bonds
Hedged item | Part of the highly probable future monthly iron ore exports
Type of hedged risk | Foreign exchange - R$ vs. US$ spot rate
Hedged period | July 2018 - February 2023
Exchange rate on designation | R$ / $ | 3.3104
Designated amounts | R$ 1,170,045
Amortized part | (195,000)
Effect on Result | 109,951
Impact on Shareholders' equity | R$ (550,320)

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