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3. SALE OF FOREIGN SUBSIDIARY (Tables)

12 Months Ended

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