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19. Leases
 12 Months Ended
Dec. 31, 2019
Leases [abstract]  
Leases
19.Leases

 

    2018                     2019
  Weighted average rate (p.a.) Current Non-current Total IFRS adoption 16 (1) Additions Write-offs
Contractual amendment		 Payments Payment (escrow deposit) Payment (maintenance reserve) Interest accrued Interest payment Exchange rate variation Current non-current Total
In R$:                                  
Leases without purchase option 12.92% - - - 49,975 2,925 - - (18,085) - - 9,992 - - 21,781 23,026 44,807
Total   - - - 49,975 2,925 - - (18,085) - - 9,992 - - 21,781 23,026 44,807
                                   
In US$:                                  
Leases with purchase option 3.75% 120,118 520,542 640,660 - - 137 - (113,362) - - 22,931 (23,304) 21,768 128,936 419,894 548,830
Leases Without purchase Option 8.55% - - - 5,540,621 954,101 (7,676) (275,921) (1,437,957) (476) (6,498) 469,621 - 223,328 1,253,995 4,205,148 5,459,143
Operation leases - 135,799 135,686 271,485 (219,728) - - - (48,273) - - - - (3,484) - - -
Total   255,917 656,228 912,145 5,320,893 954,101 (7,539) (275,921) (1,599,592) (476) (6,498) 492,552 (23,304) 241,612 1,382,931 4,625,042 6,007,973
                                   
Total leases   255,917 656,228 912,145 5,370,868 957,026 (7,539) (275,921) (1,617,677) (476) (6,498) 502,544 (23,304) 241,612 1,404,712 4,648,068 6,052,780

 

(1) Effects related to the adoption of IFRS 16 “Leases”  as disclosed in Note 4.26.1.

 

The future payments of leases liabilities agreements are detailed as follows:

 

  Without purchase option With purchase option
  2019 2019 2018
2019 - -  140,307
2020 1,691,357 148,613  140,080
2021 1,324,403 148,744  139,852
2022 1,125,060 207,654  139,624
2023 904,627 72,801  69,985
2024 thereafter 1,938,987 16,830  65,776
Total minimum leases payments 6,984,434  594,642  695,624
Less total interest (1,480,484)  (45,812)  (54,964)
Present value of minimum leases payments 5,503,950  548,830 640,660
Less current portion (1,275,776)  (128,936)  (120,118)
Non-current portion 4,228,174 419,894  520,542

 

The weighted average discount rate used to calculate the present value of minimum leases payments is 8.15% on December 31, 2019 and 1st, 2019.

 

There are no significant differences between the present value of the minimum leases payments and the market value of these leases liabilities.

 

19.1. Sale-leaseback transactions

 

During the year ended December 31, 2019, the Company recorded a net gain of R$7,924 arising from one aircraft sale-leaseback transaction recorded under “Sale-Leaseback Transactions”.