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Note 16 - Trade Receivables, Net

12 Months Ended

Dec. 31, 2018

Statement Line Items [Line Items]

Disclosure of trade and other receivables [text block]

16	Trade receivables, net

		Year ended December 31,
		2018				2017
Current accounts			1,778,796				1,240,769
Receivables from related parties			25,105				51,676
			1,803,901				1,292,445
Allowance for doubtful accounts (see Note 22 (i))			(66,535	)			(78,385	)
			1,737,366				1,214,060

The following table sets forth details of the aging of trade receivables:

											Past due
			Trade Receivables				Not Due				1 - 180 days				>180 days
At December 31, 2018
Guaranteed			286,250				254,743				30,884				623
Not guaranteed			1,517,651				1,180,788				260,675				76,188
Guaranteed and not guaranteed			1,803,901				1,435,531				291,559				76,811
Expected loss rate			0.07	%			0.04	%			0.17	%			0.43	%
Allowances for doubtful accounts			(1,396	)			(564	)			(510	)			(322	)
Nominative allowances for doubtful accounts			(65,139	)			-				(1,436	)			(63,703	)
Net Value			1,737,366				1,434,967				289,613				12,786

											Past due
			Trade Receivables				Not Due				1 - 180 days				>180 days
At January 1, 2018
Guaranteed			247,079				219,764				22,978				4,337
Not guaranteed			1,045,366				841,737				115,245				88,384
Guaranteed and not guaranteed			1,292,445				1,061,501				138,223				92,721
Expected loss rate			0.08	%			0.04	%			0.17	%			0.43	%
Allowances for doubtful accounts			(1,075	)			(447	)			(252	)			(376	)
Nominative allowances for doubtful accounts			(77,310	)			-				-				(77,310	)
Net Value			1,214,060				1,061,054				137,971				15,035
Effect of adoption of new standard			(6,423	)			-				-				(6,423	)
Net Value after adoption of new standard			1,207,637				1,061,054				137,971				8,612

Trade receivables are mainly denominated in

U.S. dollars.