EMBRAER S.A. | CIK:0001355444 | 3

  • Filed: 3/23/2018
  • Entity registrant name: EMBRAER S.A. (CIK: 0001355444)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1355444/000119312518092436/0001193125-18-092436-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1355444/000119312518092436/erj-20171231.xml
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  • ifrs-full:DisclosureOfDeferredTaxesExplanatory

    The components of deferred tax assets and liabilities are as follows:

     

         12.31.2017      12.31.2016      12.31.2015  

    Temporarily non-deductible provisions

         (76.1      (102.7      (2.8

    Tax loss carryforwards

         4.5        28.3        20.5  

    Functional currency effect of the non monetary assets (i)

         (206.0      (201.0      (407.1

    Gains not realized from sales of Parent Company to subsidiairies

         15.4        16.4        19.9  

    Effect of differences by fixed asset

         (8.1      (31.1      (36.1

    Differences between basis: account x tax (ii)

         21.8        30.2        (7.2
      

     

     

        

     

     

        

     

     

     

    Deferred tax assets (liabilities), net

         (248.5      (259.9      (412.8
      

     

     

        

     

     

        

     

     

     

    Total deferred tax asset

         2.8        3.4        4.5  

    Total deferred tax liability

         (251.3      (263.3      (417.3

     

    i) Refers to deferred income tax calculated on differences related to non-monetary assets remeasured from the local currency into the functional currency using historical exchange rates, and resulting from changes in exchange rates.
    ii) Refers to miscellaneous temporary differences (e.g. non-deductible expenses).