<SEC-DOCUMENT>0001615774-18-003753.txt : 20180515
<SEC-HEADER>0001615774-18-003753.hdr.sgml : 20180515
<ACCEPTANCE-DATETIME>20180514194455
ACCESSION NUMBER:		0001615774-18-003753
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180514
FILED AS OF DATE:		20180515
DATE AS OF CHANGE:		20180514

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CEMENTOS PACASMAYO SAA
		CENTRAL INDEX KEY:			0001221029
		STANDARD INDUSTRIAL CLASSIFICATION:	CEMENT, HYDRAULIC [3241]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35401
		FILM NUMBER:		18832617

	BUSINESS ADDRESS:	
		STREET 1:		CALLE LA COLONIA 150
		STREET 2:		URBANIZACION EL VIVERO SURCO
		CITY:			LIMA 33
		STATE:			R5
		ZIP:			00000
		BUSINESS PHONE:		5113176000

	MAIL ADDRESS:	
		STREET 1:		CALLE LA COLONIA 150
		STREET 2:		URBANIZACION EL VIVERO SURCO
		CITY:			LIMA 33
		STATE:			R5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>s110195_6k.htm
<DESCRIPTION>6-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">UNITED STATES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 18pt">Washington, D.C.&nbsp; 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 18pt">FORM 6-K</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 18pt">REPORT OF FOREIGN ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15b-16 OF<BR>
THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 18pt">For the month of  May
2018</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 18pt">Commission File Number 001-35401</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: center">CEMENTOS PACASMAYO S.A.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 18pt">(Exact name of registrant as specified
in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>PACASMAYO
CEMENT CORPORATION</B></FONT><BR>
(Translation of registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Republic
of Peru</B></FONT><BR>
(Jurisdiction of incorporation or organization)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 18pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Calle
La Colonia 150, Urbanizaci&oacute;n El Vivero</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Surco, Lima</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Peru</B></FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(</B></FONT>Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-bottom: 6pt">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 6pt">Form 20-F ____<FONT STYLE="font-family: Times New Roman, Times, Serif"><U>X</U></FONT>___
Form 40-F _______</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-bottom: 18pt">Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]<BR>
<BR>
<BR>
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [
]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-bottom: 6pt">Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-bottom: 6pt">Yes _______ No ___<FONT STYLE="font-family: Times New Roman, Times, Serif"><U>X</U></FONT>____</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-bottom: 18pt">If &ldquo;Yes&rdquo; is marked, indicate
below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.</P>

<P>&nbsp;</P>

<P STYLE="margin-top: 10pt; margin-bottom: 10pt">&nbsp;</P>

<P><HR NOSHADE="noshade" STYLE="border-width: 0px; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); clear: both; background-color: rgb(0, 0, 0)"></P>


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<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;Signature</P>

<P>&nbsp;</P>

<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: justify">Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</P>

<P>&nbsp;</P>

<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: left">CEMENTOS PACASMAYO S.A.A.</P>

<P></P>

<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: left">By: /s/ CARLOS JOSE MOLINELLI MATEO</P>

<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: left">Name: Carlos Jose Molinelli Mateo</P>

<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: left">Title: Stock Market Representative</P>

<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</P>

<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: left"></P>

<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: left">Date: May 14, 2018</P>



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<P STYLE="color: rgb(0, 0, 0); font: 10pt Times New Roman, Times, Serif; text-align: left"></P>

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<P STYLE="margin: 0; font-family: Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="margin: 0; font-family: Times New Roman, Times, Serif"></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt; color: Red"><IMG SRC="img001_v1.jpg" ALT="(LOGO)"></P>

<P STYLE="margin: 0; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="margin-top: 0; text-align: center; margin-bottom: 0; font: 10pt Times New Roman, Times, Serif">DECENIO DE LA IGUALDAD DE OPORTUNIDADES PARA MUJERES Y HOMBRES
- A&Ntilde;O DEL DI&Aacute;LOGO</P>

<P STYLE="font: 10pt/9pt Times New Roman, Times, Serif; margin-top: 2.95pt; margin-bottom: 0; text-align: center"><FONT STYLE="letter-spacing: -0.3pt">Y
LA RECONCILIACI&Oacute;N NACIONAL</FONT></P>

<P STYLE="font: 10pt/5pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/9pt Times New Roman, Times, Serif; margin: 2.95pt 0 0 48.7pt">&nbsp;</P>

<P STYLE="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 1.6pt; margin-bottom: 0; text-align: center"><FONT STYLE="letter-spacing: -0.3pt"><B>A</B></FONT><B><FONT STYLE="letter-spacing: 0.05pt">NNEX</FONT></B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin-top: 0.85pt; margin-bottom: 0; text-align: center"><B>Monthly Position of Financial
Derivatives</B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.85pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 80%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 32%; border: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 3.2pt"><FONT STYLE="letter-spacing: -0.05pt">Company:</FONT></TD>
    <TD STYLE="width: 68%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif">CEMENTOS
    PACASMAYO S.A.A.</TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-left: 3.2pt"><FONT STYLE="letter-spacing: -0.05pt">Information
    as of: </FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif">April
    30, 2018</TD></TR>
</TABLE>
<P STYLE="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.8pt 0 0"><B><U>Details of Financial Derivative Instruments:</U></B></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.8pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="2" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD ROWSPAN="2" STYLE="border: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0">Derivative<BR>
Instrument (1)</P></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0">Purpose (2)</P>
        </TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0">Amount (3)</P></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0">Asset
or<BR>
Liabilities<BR>
Variable<BR>
(4)</P></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0">Currency (5)</P></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center">

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0; text-align: center">Fair Value</P></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0">Current<BR>
Month</P></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0">Previous<BR>
Month</P></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 16%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center; vertical-align: top">Cross
    Currency Swaps</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: black 1pt solid; text-align: center; vertical-align: top">Coverage</TD>
    <TD STYLE="width: 22%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: black 1pt solid; text-align: center; vertical-align: top">USD
    300 MM total</TD>
    <TD STYLE="width: 13%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: black 1pt solid; vertical-align: top; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-bottom: 0; text-align: center">Liability:<BR>
Corporate
bond</P></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: black 1pt solid; text-align: center; vertical-align: top">PEN</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: black 1pt solid; text-align: center; vertical-align: top">-12,588,000</TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: black 1pt solid; text-align: center; vertical-align: top">-9,929,000</TD></TR>
</TABLE>
<P STYLE="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="letter-spacing: 0.15pt"><B><U>Accumulative Gain/Loss
and Fair Value:</U></B></FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 0.8pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="2" STYLE="width: 80%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="width: 71%; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; border-right: black 1pt solid; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 19%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2.95pt"><FONT STYLE="letter-spacing: 0.05pt">Currency
        (5)</FONT></P></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: middle; text-align: center">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PEN</P></TD></TR>
<TR STYLE="vertical-align: top; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="letter-spacing: 0.05pt">Total
    amount of profit/loss during the year due to Derivative Financial Instruments (6)</FONT>:</TD>
    <TD COLSPAN="2" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: top; text-align: center">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">-18,869,000</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0.1pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<DIV STYLE="border: Black 1pt solid">

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 1.6pt 21.4pt 0 9pt">Additional
Information:</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 1.6pt 21.4pt 0 7.1pt; text-align: justify"><FONT STYLE="background-color: white">The
total cumulative profit/loss as of April 30, 2018 for Derivative Financial Instruments is determined according to instructions
from the Superintendency of Securities and includes the following transactions recorded in books during 2018: the decline in fair
value derivative financial instruments of </FONT>S/13,077,000 (includes S/1,044,000 due to counterparty risk)<FONT STYLE="background-color: white">,
minus the unrealized exchange rate loss due to the holding of bonds in U.S. dollars of S/1,500,000, plus deferred income tax of
S/4,300,000, minus accrued commissions resulting from the Cross Currency Swap contracts for S/8,592,000 as of April 30, 2018.
The first three items are recorded in equity accounts (except for the counterparty risk recorded in financial cost), while the
commissions are recorded as interest expense in the profit and loss account. </FONT></P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 1.6pt 21.4pt 0 7.1pt; text-align: justify"><FONT STYLE="background-color: white">-
The amounts relating to the fair value of the Cross Currency Swaps, are estimated internally in accordance with the International
Financial Reporting Standards and using valuation techniques based on market data and are preliminary and subject to change.</FONT></P>

</div>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 1.6pt 21.4pt 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/12pt Times New Roman, Times, Serif; margin: 1.6pt 21.4pt 0 7.1pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.6pt 0 0 6.1pt; text-align: left"><FONT STYLE="letter-spacing: -0.05pt"><B><I>N</I></B></FONT><B><I>otas:</I></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6.1pt"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="letter-spacing: 0.05pt">(</FONT>1)</TD><TD>Forward, Fu<FONT STYLE="letter-spacing: 0.1pt">t</FONT>ure,
<FONT STYLE="letter-spacing: 0.05pt">O</FONT>p<FONT STYLE="letter-spacing: 0.05pt">ti</FONT>o<FONT STYLE="letter-spacing: -0.05pt">ns</FONT>,
<FONT STYLE="letter-spacing: 0.05pt">S</FONT>wap, among others.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6.1pt"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="letter-spacing: 0.05pt">(</FONT>2)</TD><TD>According to International Financial Reporting Standards
(IFRS) are eligible for coverage or Negotiation.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6.1pt"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="letter-spacing: 0.05pt">(</FONT>3)</TD><TD>Notional amount or Nominal Value in Contract.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6.1pt"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="letter-spacing: 0.05pt">(</FONT>4)</TD><TD><FONT STYLE="letter-spacing: -0.05pt">If hedging derivatives
cases represents the asset or liability that has being hedging and in the case of trading derivatives is the reference variable.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6.1pt"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="letter-spacing: 0.05pt">(</FONT>5)</TD><TD>Presentation currency of individual interim financial information.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt/11pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 6.1pt"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="letter-spacing: 0.05pt">(</FONT>6)</TD><TD>It represents total income and / or expenses of all derivative
financial instruments, including: (i) income &amp; expenses for derivative instruments accumulated in the year that are recorded
in the statement of profit and loss; and (ii) the total variation accumulated at the end of period of the derivative instruments
that are recorded in other comprehensive income.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.05pt 0 0 6.1pt">&nbsp;</P>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
