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CONSOLIDATED BALANCE SHEETS - BRL (R$)
R$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS    
Cash and cash equivalents R$ 2,641,652 R$ 2,890,144
Short-term investments 3,652,949 459,470
Trade accounts receivable - net 2,672,370 3,201,656
Inventories 7,659,737 9,167,689
Tax credits 504,302 527,428
Income and social contribution taxes recoverable 483,088 445,561
Unrealized gains on financial instruments 2,846 30,711
Other current assets 618,769 780,423
TOTAL CURRENT ASSETS 18,235,713 17,503,082
NON-CURRENT ASSETS    
Tax credits 465,549 32,065
Deferred income taxes 4,071,219 3,874,054
Unrealized gains on financial instruments   2,706
Related parties 95,445 27,939
Judicial deposits 1,991,715 2,135,414
Other non-current assets 464,169 449,592
Prepaid pension cost 45,381 17,952
Advance for future investment in joint venture   375,456
Investments in associates and joint ventures 1,812,399 1,367,802
Goodwill 9,469,311 9,112,390
Right-of-use assets 777,314  
Other Intangibles 673,262 836,096
Property, plant and equipment, net 15,901,493 15,546,481
TOTAL NON-CURRENT ASSETS 35,767,257 33,777,947
TOTAL ASSETS 54,002,970 51,281,029
CURRENT LIABILITIES    
Trade accounts payable 3,762,768 4,335,054
Short-term debt 1,544,211 1,822,183
Debentures 18,015 2,755
Taxes payable 432,988 351,545
Income and social contribution taxes payable 205,092 395,682
Payroll and related liabilities 479,693 588,627
Dividends payable 50,968 169,616
Lease liabilities 202,536  
Employee benefits 495 157
Environmental liabilities 60,913 60,419
Unrealized losses on financial instruments   5,245
Other current liabilities 666,858 772,970
TOTAL CURRENT LIABILITIES 7,424,537 8,504,253
NON-CURRENT LIABILITIES    
Long-term debt 11,594,612 11,545,658
Debentures 2,893,029 1,536,118
Related parties   1,350
Deferred income taxes 517,413 118,368
Provision for tax, civil, and labor liabilities 809,299 770,305
Environmental liabilities 51,395 72,228
Employee benefits 1,469,949 1,356,560
Obligations with FIDC 1,018,501 938,526
Lease liabilities 601,733  
Other non-current liabilities 449,375 499,092
TOTAL NON-CURRENT LIABILITIES 19,405,306 16,838,205
EQUITY    
Capital 19,249,181 19,249,181
Treasury stocks (242,542) (280,426)
Capital reserves 11,597 11,597
Retained earnings 5,644,706 4,806,089
Transactions with non-controlling interests without change of control (2,870,825) (2,870,825)
Other reserves 5,163,584 4,814,988
EQUITY ATTRIBUTABLE TO THE EQUITY HOLDERS OF THE PARENT 26,955,701 25,730,604
NON-CONTROLLING INTERESTS 217,426 207,967
EQUITY 27,173,127 25,938,571
TOTAL LIABILITIES AND EQUITY R$ 54,002,970 R$ 51,281,029