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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - BRL (R$)
R$ in Thousands
Total Parent company's interest
Capital
Treasury Stocks
Capital Reserve
Legal reserve
Tax Incentives Reserve
Investments and working capital reserve
Retained earnings
Operations with noncontrolling interests
Gains and losses on net investment hedge
Gains and losses on financial instruments
Cumulative translation adjustment
Pension Plan
Stock Options
Non-controlling interests
Total
Equity at beginning of period at Dec. 31, 2016 R$ 24,028,136 R$ 19,249,181 R$ (98,746) R$ 11,597 R$ 628,228 R$ 611,531 R$ 2,523,448 R$ 0 R$ (2,873,335) R$ (4,404,436) R$ 16,323 R$ 8,532,065 R$ (357,072) R$ 189,352 R$ 246,517 R$ 24,274,653
Net income (loss) (359,360)             (359,360)             20,693 (338,667)
Other comprehensive income (loss) recognized in the year 34,100                 (148,548) (11,351) 309,385 (115,386)   6,201 40,301
Total comprehensive income (loss) for the year, net of tax (325,260)             (359,360)   (148,548) (11,351) 309,385 (115,386)   26,894 (298,366)
Stock option expenses recognized in the year 5,633                         5,633 15 5,648
Stock option exercised during the year 19,650   22,661       (3,011)               32 19,682
Effect of interest changes in subsidiaries 2,504               2,504           (21,698) (19,194)
Destination of net income proposed to the shareholders                                
Absorption of net loss proposed to the shareholders             (359,360) 359,360                
Dividends/interest on capital (85,462)           (85,462)               (3,020) (88,482)
Equity at end of period at Dec. 31, 2017 23,645,201 19,249,181 (76,085) 11,597 628,228 611,531 2,075,615 0 (2,870,831) (4,552,984) 4,972 8,841,450 (472,458) 194,985 248,740 23,893,941
Destination of net income proposed to the shareholders                                
Effects of IFRS 9 adoption, net of taxes (32,353)                   (32,353)       (34) (32,387)
Adjusted Balance 23,612,848 19,249,181 (76,085) 11,597 628,228 611,531 2,075,615 0 (2,870,831) (4,552,984) (27,381) 8,841,450 (472,458) 194,985 248,706 23,861,554
Net income (loss) 2,303,868             2,303,868             22,514 2,326,382
Other comprehensive income (loss) recognized in the year 364,860                 (1,491,274) 11,817 1,692,162 152,155   22,066 386,926
Total comprehensive income (loss) for the year, net of tax 2,668,728             2,303,868   (1,491,274) 11,817 1,692,162 152,155   44,580 2,713,308
Assignment of preferred shares 18,984   11,622       7,362                 18,984
Stock option expenses recognized in the year (35,836)                         (35,836) (97) (35,933)
Treasury stocks (243,396)   (243,396)                       (327) (243,723)
Effects of IAS 29 adoption in the subsidiary of Argentina 502,352                     502,352     5,535 507,887
Stock option exercised during the year 23,277   27,433       (4,156)               77 23,354
Effect of interest changes in subsidiaries 6               6           (85,483) (85,477)
Complementary Dividends (51,020)           (51,020)                 (51,020)
Legal reserve         115,193     (115,193)                
Tax incentives reserve           17,051   (17,051)                
Investments and working capital reserve             1,406,285 (1,406,285)                
Dividends/interest on capital (765,339)             (765,339)             (5,024) (770,363)
Equity at end of period at Dec. 31, 2018 25,730,604 19,249,181 (280,426) 11,597 743,421 628,582 3,434,086 0 (2,870,825) (6,044,258) (15,564) 11,035,964 (320,303) 159,149 207,967 25,938,571
Net income (loss) 1,203,736             1,203,736             13,151 1,216,887
Other comprehensive income (loss) recognized in the year 361,845                 (322,942) 3,502 726,845 (45,560)   10,637 372,482
Total comprehensive income (loss) for the year, net of tax 1,565,581             1,203,736   (322,942) 3,502 726,845 (45,560)   23,788 1,589,369
Stock option expenses recognized in the year (13,249)                         (13,249) 879 (12,370)
Stock option exercised during the year 29,405   37,884       (8,479)               6 29,411
Effect of interest changes in subsidiaries                             (1,586) (1,586)
Complementary Dividends (101)           (101)                 (101)
Destination of net income proposed to the shareholders                                
Legal reserve         55,876     (55,876)                
Tax incentives reserve           86,216   (86,216)                
Investments and working capital reserve             705,105 (705,105)                
Dividends/interest on capital (356,539)             R$ (356,539)             (13,628) (370,167)
Equity at end of period at Dec. 31, 2019 R$ 26,955,701 R$ 19,249,181 R$ (242,542) R$ 11,597 R$ 799,297 R$ 714,798 R$ 4,130,611   R$ (2,870,825) R$ (6,367,200) R$ (12,062) R$ 11,762,809 R$ (365,863) R$ 145,900 R$ 217,426 R$ 27,173,127