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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
Balance at beginning of period at Dec. 31, 2017 R$ 23,612,848 R$ 19,249,181 R$ (76,085) R$ 11,597 R$ 628,228 R$ 611,531 R$ 2,075,615 R$ 0 R$ (2,870,831) R$ (4,552,984) R$ (27,381) R$ 8,841,450 R$ (472,458) R$ 194,985 R$ 248,706 R$ 23,861,554
Net income 2,303,868 0 0 0 0 0 0 2,303,868 0 0 0 0 0 0 22,514 2,326,382
Other comprehensive income (loss) recognized in the year 364,860 0 0 0 0 0 0 0 0 (1,491,274) 11,817 1,692,162 152,155 0 22,066 386,926
Total comprehensive income for the year, net of tax 2,668,728 0 0 0 0 0 0 2,303,868 0 (1,491,274) 11,817 1,692,162 152,155 0 44,580 2,713,308
Assignment of preferred shares 18,984 0 11,622 0 0 0 7,362 0 0 0 0 0 0 0 0 18,984
Stock option expenses recognized in the year (35,836) 0 0 0 0 0 0 0 0 0 0 0 0 (35,836) (97) (35,933)
Treasury stocks (243,396) 0 (243,396) 0 0 0 0 0 0 0 0 0 0 0 (327) (243,723)
Effects of IAS 29 adoption in the subsidiary of Argentina 502,352 0 0 0 0 0 0 0 0 0 0 502,352 0 0 5,535 507,887
Stock option exercised during the year 23,277 0 27,433 0 0 0 (4,156) 0 0 0 0 0 0 0 77 23,354
Effect of interest changes in subsidiaries 6 0 0 0 0 0 0 0 6 0 0 0 0 0 (85,483) (85,477)
Complementary Dividends (51,020) 0 0 0 0 0 (51,020) 0 0 0 0 0 0 0 0 (51,020)
Destination of net income proposed to the shareholders                                
Legal reserve 0 0 0 0 115,193 0 0 (115,193) 0 0 0 0 0 0 0 0
Tax incentives reserve 0 0 0 0 0 17,051 0 (17,051) 0 0 0 0 0 0 0 0
Investments and working capital reserve 0 0 0 0 0 0 1,406,285 (1,406,285) 0 0 0 0 0 0 0 0
Dividends/interest on capital (765,339) 0 0 0 0 0 0 (765,339) 0 0 0 0 0 0 (5,024) (770,363)
Balance 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 1,203,736 0 0 0 0 0 0 1,203,736 0 0 0 0 0 0 13,151 1,216,887
Other comprehensive income (loss) recognized in the year 361,845 0 0 0 0 0 0 0 0 (322,942) 3,502 726,845 (45,560) 0 10,637 372,482
Total comprehensive income for the year, net of tax 1,565,581 0 0 0 0 0 0 1,203,736 0 (322,942) 3,502 726,845 (45,560) 0 23,788 1,589,369
Stock option expenses recognized in the year (13,249) 0 0 0 0 0 0 0 0 0 0 0 0 (13,249) 879 (12,370)
Stock option exercised during the year 29,405 0 37,884 0 0 0 (8,479) 0 0 0 0 0 0 0 6 29,411
Effect of interest changes in subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1,586) (1,586)
Complementary Dividends (101) 0 0 0 0 0 (101) 0 0 0 0 0 0 0 0 (101)
Destination of net income proposed to the shareholders                                
Legal reserve 0 0 0 0 55,876 0 0 (55,876) 0 0 0 0 0 0 0 0
Tax incentives reserve 0 0 0 0 0 86,216 0 (86,216) 0 0 0 0 0 0 0 0
Investments and working capital reserve 0 0 0 0 0 0 705,105 (705,105) 0 0 0 0 0 0 0 0
Dividends/interest on capital (356,539) 0 0 0 0 0 0 (356,539) 0 0 0 0 0 0 (13,628) (370,167)
Balance at end of period at Dec. 31, 2019 26,955,701 19,249,181 (242,542) 11,597 799,297 714,798 4,130,611 0 (2,870,825) (6,367,200) (12,062) 11,762,809 (365,863) 145,900 217,426 27,173,127
Net income 2,365,763 0 0 0 0 0 0 2,365,763 0 0 0 0 0 0 22,291 2,388,054
Other comprehensive income (loss) recognized in the year 2,228,336 0 0 0 0 0 0 0 0 (2,504,914) (1,972) 4,787,263 (52,041) 0 37,606 2,265,942
Total comprehensive income for the year, net of tax 4,594,099 0 0 0 0 0 0 2,365,763 0 (2,504,914) (1,972) 4,787,263 (52,041) 0 59,897 4,653,996
Stock option expenses recognized in the year 15,375 0 0 0 0 0 0 0 0 0 0 0 0 15,375 15 15,390
Stock option exercised during the year 9,596 0 13,233 0 0 0 (3,637) 0 0 0 0 0 0 0 0 9,596
Effect of interest changes in subsidiaries 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12,776 12,776
Complementary Dividends (13) 0 0 0 0 0 (13) 0 0 0 0 0 0 0 0 (13)
Destination of net income proposed to the shareholders                                
Legal reserve 0 0 0 0 109,649 0 0 (109,649) 0 0 0 0 0 0 0 0
Tax incentives reserve 0 0 0 0 0 172,792 0 (172,792) 0 0 0 0 0 0 0 0
Investments and working capital reserve 0 0 0 0 0 0 1,368,835 (1,368,835) 0 0 0 0 0 0 0 0
Dividends/interest on capital (714,487) 0 0 0 0 0 0 (714,487) 0 0 0 0 0 0 (65,175) (779,662)
Balance at end of period at Dec. 31, 2020 R$ 30,860,271 R$ 19,249,181 R$ (229,309) R$ 11,597 R$ 908,946 R$ 887,590 R$ 5,495,796 R$ 0 R$ (2,870,825) R$ (8,872,114) R$ (14,034) R$ 16,550,072 R$ (417,904) R$ 161,275 R$ 224,939 R$ 31,085,210