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Investment property
12 Months Ended
Dec. 31, 2017
Investment property [abstract]  
Investment property
Investment property
 
Changes in the Group’s investment property in 2017 and 2016 were as follows:
 
 
2017
 
2016
Beginning of the year
2,666

 
4,796

Reclassification to property, plant and equipment (i)

 
(1,335
)
Exchange difference
(395
)
 
(795
)
End of the year
2,271

 
2,666

Cost
2,271

 
2,666

Accumulated depreciation

 

Net book amount
2,271

 
2,666

 
(i)       Relates to new contracts with third parties.
 
As of December 31, 2017, the fair value (level 3) of investment property was US$ 42 million (2016: US$ 45 million).