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Fair value disclosure of financial assets and liabilities (Tables)
12 Months Ended
Dec. 31, 2011
Fair value disclosure of financial assets and liabilities  
Balances of assets and liabilities measured at fair value on a recurring basis

 

 

 

 

December 31, 2011

 

 

 

Carrying amount

 

Fair value

 

Level 1

 

Level 2

 

Available-for-sale securities

 

7

 

7

 

7

 

 

Unrealized losses on derivatives

 

(81

)

(81

)

 

(81

)

Debentures

 

(1,336

)

(1,336

)

 

(1,336

)

 

 

 

December 31, 2010

 

 

 

Carrying amount

 

Fair value

 

Level 1

 

Level 2

 

Available-for-sale securities

 

12

 

12

 

12

 

 

Unrealized losses on derivatives

 

257

 

257

 

1

 

256

 

Debentures

 

(1,284

)

(1,284

)

 

(1,284

)

Estimated fair value measurement

 

 

 

 

December 31, 2011

 

 

 

Carrying amount

 

Fair value

 

Level 1

 

Level 2

 

Long-term debt (less interests) (*)

 

(22,700

)

(24,312

)

(18,181

)

(6,131

)

Perpetual Notes (**)

 

 (80

)

 (80

)

 

 (80

)

 

 

 

December 31, 2010

 

 

 

Carrying amount

 

Fair value

 

Level 1

 

Level 2

 

Time deposits

 

1,793

 

1,793

 

 

1,793

 

Long-term debt (less interests) (*)

 

(24,071

)

(25,264

)

(19,730

)

(5,534

)

 

 

(*) Less accrued charges of US$333 and US$343 as of December 31, 2011 and December 31, 2010, respectively.

(**) Classified on “LT Loans and related parties”.