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22. Borrowings (Tables)
 12 Months Ended
Dec. 31, 2018
Borrowings Tables Abstract  
Borrowings
     12.31.18     12.31.17 
Non-current        
Corporate notes (1)                  6,249,967                  4,812,465
Borrowing                     942,500                  1,376,829
Total non-current                  7,192,467                  6,189,294
         
Current        
Interest from corporate notes                     110,019                       91,896
Borrowing                     967,434                       13,243
Total current                  1,077,453                     105,139

 

  (1) Net of debt issuance, repurchase and redemption expenses.

 
Borrowings currency denominations
    12.31.18   12.31.17
US dollars                   8,269,920                  6,294,433
                   8,269,920                  6,294,433
Maturities of the Company's borrowings and exposure to interest rate
    12.31.18   12.31.17
Fixed rate        
Less than 1 year                      110,019                       91,896
From 2 to 5 years                  6,249,967                  4,812,465
Total Fixed rate                  6,359,986                  4,904,361
         
Variable rate        
Less than 1 year                      967,434                       13,244
From 1 to 2 years                     942,500                     688,414
From 2 to 5 years                                -                     688,414
Total Variable rate                  1,909,934                  1,390,072
                   8,269,920                  6,294,433
Roll forward of the Company's borrowings
    12.31.18   12.31.17   12.31.16
Balance at beginning of the year                  6,294,433                  5,202,452                  6,224,330
Proceeds from borrowings                                 -                  1,285,946                                -
Payment of borrowings' interests                   (652,667)                  (418,494)                  (529,227)
Repurchase of Corporate Notes by the trust                                -                                -                      (9,683)
Paid from repurchase of Corporate Notes                   (375,520)                                -                  (441,462)
Gain from repurchase of Corporate Notes                       (4,539)                                -                           (84)
Exchange difference and interest accrued                   6,134,425                  1,252,327                  1,604,325
Result from exposure to inflation               (3,126,212)               (1,027,798)               (1,645,747)
 Balance at the end of period                   8,269,920                  6,294,433                  5,202,452
Debt issued
                Million of USD Million of $
Corporate Notes   Class   Rate   Year of Maturity   Debt structure at 12.31.17   Debt repurchase    Debt structure at 12.31.18   At 12.31.18
Fixed Rate Par Note   9   9.75   2022                      171.87                          (10.22)                               161.65                    6,249.78
Total                                  171.87                          (10.22)                               161.65                    6,249.78

 

                Million of USD Million of $
Corporate Notes   Class   Rate   Year of Maturity   Debt structure at 12.31.16   Debt repurchase   Debt structure at 12.31.17   At 12.31.17
Fixed Rate Par Note   9   9.75   2022                      171.87                                    -                               171.87                    3,259.22
Total                                  171.87                                    -                               171.87                    3,259.22