NOTE 5 — TRADE ACCOUNTS RECEIVABLE
|
|
|
2017 |
|
2016 |
|
|
Trade accounts receivable - in Brazil |
|
1,265,431 |
|
1,251,739 |
|
|
Trade accounts receivable - exports from Brazil |
|
139,162 |
|
265,252 |
|
|
Trade accounts receivable - foreign subsidiaries |
|
1,525,466 |
|
2,259,014 |
|
|
(-) Allowance for doubtful accounts |
|
(131,639 |
) |
(199,306 |
) |
|
|
|
|
|
|
|
|
|
|
2,798,420 |
|
3,576,699 |
|
|
|
|
|
|
|
|
Accounts receivable by aging are as follows:
|
|
|
2017 |
|
2016 |
|
|
Current |
|
2,234,723 |
|
2,917,073 |
|
|
Past-due: |
|
|
|
|
|
|
Up to 30 days |
|
467,901 |
|
506,780 |
|
|
From 31 to 60 days |
|
96,852 |
|
128,715 |
|
|
From 61 to 90 days |
|
17,636 |
|
37,559 |
|
|
From 91 to 180 days |
|
27,841 |
|
53,460 |
|
|
From 181 to 360 days |
|
22,985 |
|
66,444 |
|
|
Above 360 days |
|
62,121 |
|
65,974 |
|
|
(-) Allowance for doubtful accounts |
|
(131,639 |
) |
(199,306 |
) |
|
|
|
|
|
|
|
|
|
|
2,798,420 |
|
3,576,699 |
|
|
|
|
|
|
|
|
The changes in the allowance for doubtful accounts are as follows:
|
Balance as of January 1, 2015 |
|
(98,814 |
) |
|
|
|
|
|
|
Provisions for bad debt during the year |
|
(133,868 |
) |
|
Recoveries in the year |
|
6,167 |
|
|
Write-offs |
|
41,392 |
|
|
Exchange variation |
|
(138 |
) |
|
|
|
|
|
|
Balance as of December 31, 2015 |
|
(185,261 |
) |
|
|
|
|
|
|
Provisions for bad debt during the year |
|
(85,661 |
) |
|
Recoveries in the year |
|
16,880 |
|
|
Write-offs |
|
37,679 |
|
|
Loss of control by selling of subsidiary (note 3.4) |
|
17,594 |
|
|
Exchange variation |
|
(537 |
) |
|
|
|
|
|
|
Balance as of December 31, 2016 |
|
(199,306 |
) |
|
|
|
|
|
|
Provisions for bad debt during the year |
|
(98,476 |
) |
|
Recoveries in the year |
|
80,134 |
|
|
Write-offs |
|
73,591 |
|
|
Loss of control by joint venture creation (note 3.4) |
|
1,487 |
|
|
Assets held for sale (note 3.4) |
|
11,207 |
|
|
Exchange variation |
|
(276 |
) |
|
|
|
|
|
|
Balance as of December 31, 2017 |
|
(131,639 |
) |
|
|
|
|
|