The carrying amounts of loans, borrowings and debentures are denominated in the following currencies:
| December 31, 2017 |
December 31, 2016 |
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|
Reais (R$) |
11,312,466 | 12,474,129 | ||||||
|
Dollar (US$) (i) |
9,906,406 | 5,646,136 | ||||||
|
Pound (GBP) |
470,074 | 218,232 | ||||||
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| 21,688,946 | 18,338,497 | |||||||
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| (i) | At December 31, 2017, all dated debts denominated in U.S. Dollars, in the subsidiaries, have currency risk protection through derivatives (Note 32). |
Below are the movements that occurred for the year ended December 31, 2017.
|
At January 01, 2016 |
18,829,203 | |||
|
|
|
|||
|
Raised |
7,527,792 | |||
|
Payment |
(8,652,290 | ) | ||
|
Interest, exchange rate and fair value |
609,221 | |||
|
Other |
24,571 | |||
|
At December 31, 2016 |
18,338,497 | |||
|
|
|
|||
|
Raised |
6,248,712 | |||
|
Payment |
(5,441,667 | ) | ||
|
Interest, exchange rate and fair value |
2,543,404 | |||
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|
|
|||
|
At December 31, 2017 |
21,688,946 | |||
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|