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 | ) | ||||||
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Total inventories, net |
R$ | 352,011 | R$ | 456,632 | US$ | 138,039 | ||||||
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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.