Netshoes (Cayman) Ltd. | CIK:0001562767 | 3

  • Filed: 3/29/2018
  • Entity registrant name: Netshoes (Cayman) Ltd. (CIK: 0001562767)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1562767/000119312518100098/0001193125-18-100098-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1562767/000119312518100098/nets-20171231.xml
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  • ifrs-full:DisclosureOfInventoriesExplanatory

    10. Inventories, Net

     

         Year ended December 31,  
         2016      2017      2017  
         BRL      BRL      USD  

    Finished goods for resale

       R$ 356,529      R$ 466,486      US$ 141,018  

    Allowance for slow moving and others

         (4,518      (9,854      (2,979
      

     

     

        

     

     

        

     

     

     

    Total inventories, net

       R$     352,011      R$     456,632      US$     138,039  
      

     

     

        

     

     

        

     

     

     

    During the years December 31, 2015, 2016 and 2017, inventories of R$873,068, R$1,040,768 and R$1,126,781 (US$344,707) were sold and recognized as cost of sales in the consolidated statements of profit or loss, respectively.

    In addition, due to obsolescence, damaged and slow moving items, the Company recognizes an allowance on the related inventories to their net realizable value. For years ended December 31, 2015, 2016 and 2017, the Company recognized a loss of R$216, R$593 and R$5,336 (US$1,613), respectively, which was included in cost of sales in the consolidated statements of profit or loss.