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Consolidated statement of profit or loss and other comprehensive income - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
[1]
Dec. 31, 2017
[1]
Profit or loss [abstract]      
Net sales R$ 20,611,409 R$ 16,834,768 R$ 13,579,021
Cost of sales (14,160,233) (12,108,305) (9,224,314)
Gross profit 6,451,176 4,726,463 4,354,707
Selling expenses (1,122,866) (1,019,234) (1,068,451)
General and administrative expenses (1,236,062) (975,540) (923,712)
Other income (expenses), net 404,686 747,282 889,775
Operating expenses (1,954,242) (1,247,492) (1,102,388)
Profit before equity in earnings of investees, finance results and taxes 4,496,934 3,478,971 3,252,319
Interest in earnings of associates 1,231 45,066 10,794
Interest in earnings of joint ventures 1,131,406 946,282 985,090
Equity in earnings of investees 1,132,637 991,348 995,884
Finance expense (3,690,578) (2,836,763) (3,687,335)
Finance income 974,604 1,032,158 870,750
Foreign exchange, net (526,946) (1,552,366) (199,471)
Derivatives 1,275,297 1,758,549 282,704
Finance results, net (1,967,623) (1,598,422) (2,733,352)
Profit before taxes 3,661,948 2,871,897 1,514,851
Income taxes      
Current (1,000,057) (464,867) (134,517)
Deferred 220,461 (295,620) (293,838)
Income Taxes (779,596) (760,487) (428,355)
Profit from continuing operations 2,882,352 2,111,410 1,086,496
Profit (loss) from discontinued operation, net of tax 11,021 (28,230) (40,199)
Profit for the year 2,893,373 2,083,180 1,046,297
Items that will not be reclassified to profit or loss      
Gain on share subscription of a subsidiary 0 9,000
Actuarial loss on defined benefit plan (117,302) (82,286) (24,121)
Taxes over actuarial loss on defined benefit plan 35,590 27,977 8,201
Items that will never be reclassified to profit or loss (81,712) (54,309) (6,920)
Items that are or may subsequently be reclassified to profit or loss:      
Foreign currency translation effect 27,788 (161,574) (50,085)
Gain (loss) on cash flow hedge in joint ventures (256,486) 6,883 204,611
Changes in fair value of financial assets 192 244 3,459
Items that are or may be reclassified to profit or loss (228,506) (154,447) 157,985
Other comprehensive (loss) income for the year, net of tax (310,218) (208,756) 151,065
Total comprehensive income for the year 2,583,155 1,874,424 1,197,362
Profit attributable to:      
Owners of the Company 1,316,341 975,448 551,021
Non-controlling interests 1,577,032 1,107,732 495,276
Profit for the year 2,893,373 2,083,180 1,046,297
Total comprehensive income attributable to:      
Owners of the Company 1,485,112 782,487 637,263
Non-controlling interests 1,098,043 1,091,937 560,099
Total comprehensive income for the year R$ 2,583,155 R$ 1,874,424 R$ 1,197,362
Earnings per share      
Basic earnings per share R$ 5.7850 R$ 3.9970 R$ 2.0950
Diluted earnings per share 5.5510 4.1120 2.0470
Basic earnings per share from continuing operations 5.7360 3.8270 2.2480
Diluted earnings per share from continuing operations R$ 5.5050 R$ 3.9500 R$ 2.1960
[1] For details on this restated, see note 24.