|
|
|
December 31, 2017 |
|
December 31, 2016 |
|
||||||||
|
|
|
Loans and |
|
At fair value |
|
Total |
|
Loans and |
|
At fair value |
|
Total |
|
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
4,328 |
|
— |
|
4,328 |
|
4,262 |
|
— |
|
4,262 |
|
|
Financial investments |
|
18 |
|
— |
|
18 |
|
18 |
|
— |
|
18 |
|
|
Derivative financial instruments |
|
— |
|
106 |
|
106 |
|
— |
|
274 |
|
274 |
|
|
Accounts receivable |
|
2,600 |
|
— |
|
2,600 |
|
3,663 |
|
— |
|
3,663 |
|
|
Related parties |
|
1,898 |
|
— |
|
1,898 |
|
— |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,844 |
|
106 |
|
8,950 |
|
7,943 |
|
274 |
|
8,217 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
— |
|
453 |
|
453 |
|
— |
|
446 |
|
446 |
|
|
Loans |
|
151 |
|
— |
|
151 |
|
180 |
|
— |
|
180 |
|
|
Related parties |
|
2,628 |
|
— |
|
2,628 |
|
— |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,779 |
|
453 |
|
3,232 |
|
180 |
|
446 |
|
626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial assets |
|
11,623 |
|
559 |
|
12,182 |
|
8,123 |
|
720 |
|
8,843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Suppliers and contractors |
|
4,041 |
|
— |
|
4,041 |
|
3,630 |
|
— |
|
3,630 |
|
|
Derivative financial instruments |
|
— |
|
104 |
|
104 |
|
— |
|
414 |
|
414 |
|
|
Loans and borrowings |
|
1,703 |
|
— |
|
1,703 |
|
1,660 |
|
— |
|
1,660 |
|
|
Related parties |
|
270 |
|
— |
|
270 |
|
353 |
|
— |
|
353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,014 |
|
104 |
|
6,118 |
|
5,643 |
|
414 |
|
6,057 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
— |
|
686 |
|
686 |
|
— |
|
1,225 |
|
1,225 |
|
|
Loans and borrowings |
|
20,786 |
|
— |
|
20,786 |
|
27,662 |
|
— |
|
27,662 |
|
|
Related parties |
|
975 |
|
— |
|
975 |
|
87 |
|
— |
|
87 |
|
|
Participative stockholders’ debentures |
|
— |
|
1,233 |
|
1,233 |
|
— |
|
775 |
|
775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,761 |
|
1,919 |
|
23,680 |
|
27,749 |
|
2,000 |
|
29,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial liabilities |
|
27,775 |
|
2,023 |
|
29,798 |
|
33,392 |
|
2,414 |
|
35,806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The classification of financial assets and liabilities by currencies are as follows:
|
|
|
December 31, 2017 |
|
||||||||||
|
|
|
R$ |
|
US$ |
|
CAD |
|
EUR |
|
Others currencies |
|
Total |
|
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
1,790 |
|
2,395 |
|
48 |
|
11 |
|
84 |
|
4,328 |
|
|
Financial investments |
|
1 |
|
17 |
|
— |
|
— |
|
— |
|
18 |
|
|
Derivative financial instruments |
|
60 |
|
46 |
|
— |
|
— |
|
— |
|
106 |
|
|
Accounts receivable |
|
246 |
|
2,334 |
|
6 |
|
— |
|
14 |
|
2,600 |
|
|
Related parties |
|
— |
|
1,898 |
|
— |
|
— |
|
— |
|
1,898 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,097 |
|
6,690 |
|
54 |
|
11 |
|
98 |
|
8,950 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
384 |
|
69 |
|
— |
|
— |
|
— |
|
453 |
|
|
Loans |
|
5 |
|
146 |
|
— |
|
— |
|
— |
|
151 |
|
|
Related parties |
|
— |
|
2,628 |
|
— |
|
— |
|
— |
|
2,628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
389 |
|
2,843 |
|
— |
|
— |
|
— |
|
3,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial assets |
|
2,486 |
|
9,533 |
|
54 |
|
11 |
|
98 |
|
12,182 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Suppliers and contractors |
|
2,464 |
|
1,108 |
|
386 |
|
49 |
|
34 |
|
4,041 |
|
|
Derivative financial instruments |
|
95 |
|
9 |
|
— |
|
— |
|
— |
|
104 |
|
|
Loans and borrowings |
|
768 |
|
880 |
|
18 |
|
37 |
|
— |
|
1,703 |
|
|
Related parties |
|
— |
|
270 |
|
— |
|
— |
|
— |
|
270 |
|
|
|
|
3,327 |
|
2,267 |
|
404 |
|
86 |
|
34 |
|
6,118 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
638 |
|
48 |
|
|
|
|
|
|
|
686 |
|
|
Loans and borrowings |
|
3,379 |
|
16,060 |
|
207 |
|
1,140 |
|
— |
|
20,786 |
|
|
Related parties |
|
78 |
|
897 |
|
— |
|
— |
|
— |
|
975 |
|
|
Participative stockholders’ debentures |
|
1,233 |
|
— |
|
— |
|
— |
|
— |
|
1,233 |
|
|
|
|
5,328 |
|
17,005 |
|
207 |
|
1,140 |
|
— |
|
23,680 |
|
|
Total of financial liabilities |
|
8,655 |
|
19,272 |
|
611 |
|
1,226 |
|
34 |
|
29,798 |
|
|
|
|
December 31, 2016 |
|
||||||||||
|
|
|
R$ |
|
US$ |
|
CAD |
|
EUR |
|
Others currencies |
|
Total |
|
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
961 |
|
2,899 |
|
45 |
|
56 |
|
301 |
|
4,262 |
|
|
Financial investments |
|
1 |
|
17 |
|
— |
|
— |
|
— |
|
18 |
|
|
Derivative financial instruments |
|
104 |
|
170 |
|
— |
|
— |
|
— |
|
274 |
|
|
Accounts receivable |
|
337 |
|
3,310 |
|
— |
|
1 |
|
15 |
|
3,663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,403 |
|
6,396 |
|
45 |
|
57 |
|
316 |
|
8,217 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
400 |
|
46 |
|
— |
|
— |
|
— |
|
446 |
|
|
Loans |
|
35 |
|
96 |
|
49 |
|
— |
|
— |
|
180 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
435 |
|
142 |
|
49 |
|
— |
|
— |
|
626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial assets |
|
1,838 |
|
6,538 |
|
94 |
|
57 |
|
316 |
|
8,843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Suppliers and contractors |
|
1,897 |
|
948 |
|
612 |
|
96 |
|
77 |
|
3,630 |
|
|
Derivative financial instruments |
|
317 |
|
97 |
|
— |
|
— |
|
— |
|
414 |
|
|
Loans and borrowings |
|
752 |
|
827 |
|
17 |
|
64 |
|
— |
|
1,660 |
|
|
Related parties |
|
— |
|
353 |
|
— |
|
— |
|
— |
|
353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,966 |
|
2,225 |
|
629 |
|
160 |
|
77 |
|
6,057 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
1,052 |
|
173 |
|
— |
|
— |
|
— |
|
1,225 |
|
|
Loans and borrowings |
|
5,869 |
|
19,790 |
|
209 |
|
1,794 |
|
— |
|
27,662 |
|
|
Related parties |
|
87 |
|
— |
|
— |
|
— |
|
— |
|
87 |
|
|
Participative stockholders’ debentures |
|
775 |
|
— |
|
— |
|
— |
|
— |
|
775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,783 |
|
19,963 |
|
209 |
|
1,794 |
|
— |
|
29,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial liabilities |
|
10,749 |
|
22,188 |
|
838 |
|
1,954 |
|
77 |
|
35,806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|