AMBEV S.A. | CIK:0001565025 | 3

  • Filed: 3/19/2018
  • Entity registrant name: AMBEV S.A. (CIK: 0001565025)
  • Generator: Thunderdome
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1565025/000129281418000752/0001292814-18-000752-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1565025/000129281418000752/abev-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001565025
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory

    5.
    SEGMENT REPORTING
     
    (a) Reportable segments – Years ended in:
     
       
    Latin America - north
    (i)
    		    
    Latin America - south
    (ii)
    		     Canada     Consolidated  
        2017     2016     2015     2017     2016     2015     2017     2016     2015     2017     2016     2015  
                                                                             
    Net sales    
    31,086.0
    		      
    28,927.8
    		      
    29,654.9
    		      
    10,769.7
    		      
    10,212.9
    		      
    11,255.6
    		      
    6,043.6
    		      
    6,461.9
    		      
    5,809.7
    		      
    47,899.3
    		      
    45,602.6
    		      
    46,720.2
    		  
    Cost of sales    
    (11,935.0
    		 )    
    (10,870.4
    		 )    
    (9,921.3
    		 )    
    (4,122.6
    		 )    
    (3,685.4
    		 )    
    (4,306.8
    		 )    
    (1,984.2
    		 )    
    (2,122.2
    		 )    
    (1,833.3
    		 )    
    (18,041.8
    		 )    
    (16,678.0
    		 )    
    (16,061.4
    		 )
    Gross profit    
    19,151.0
    		      
    18,057.4
    		      
    19,733.6
    		      
    6,647.1
    		      
    6,527.5
    		      
    6,948.8
    		      
    4,059.4
    		      
    4,339.7
    		      
    3,976.4
    		      
    29,857.5
    		      
    28,924.6
    		      
    30,658.8
    		  
    Distribution expenses    
    (4,193.8
    		 )    
    (3,965.4
    		 )    
    (3,709.6
    		 )    
    (1,007.9
    		 )    
    (979.6
    		 )    
    (1,047.5
    		 )    
    (1,093.8
    		 )    
    (1,140.5
    		 )    
    (1,076.1
    		 )    
    (6,295.5
    		 )    
    (6,085.5
    		 )    
    (5,833.2
    		 )
    Sales and marketing expenses    
    (3,655.5
    		 )    
    (3,671.1
    		 )    
    (3,264.0
    		 )    
    (1,091.3
    		 )    
    (1,317.6
    		 )    
    (1,294.8
    		 )    
    (873.2
    		 )    
    (936.3
    		 )    
    (785.9
    		 )    
    (5,620.0
    		 )    
    (5,925.0
    		 )    
    (5,344.7
    		 )
    Administrative expenses    
    (1,954.1
    		 )    
    (1,486.3
    		 )    
    (1,599.8
    		 )    
    (384.5
    		 )    
    (400.2
    		 )    
    (428.0
    		 )    
    (285.2
    		 )    
    (279.6
    		 )    
    (253.4
    		 )    
    (2,623.8
    		 )    
    (2,166.1
    		 )    
    (2,281.3
    		 )
    Other operating income/(expenses)    
    1,170.5
    		      
    1,283.7
    		      
    1,871.5
    		      
    41.2
    		      
    (39.0
    		 )    
    60.3
    		      
    5.6
    		      
    (21.6
    		 )    
    4.2
    		      
    1,217.3
    		      
    1,223.1
    		      
    1,936.1
    		  
    Exceptional items    
    (56.1
    		 )    
    1,183.2
    		      
    (273.9
    		 )    
    (41.3
    		 )    
    (41.5
    		 )    
    (39.9
    		 )    
    (11.3
    		 )    
    (7.4
    		 )    
    (43.4
    		 )    
    (108.7
    		 )    
    1,134.3
    		      
    (357.2
    		 )
    Income from operations (EBIT)    
    10,462.0
    		      
    11,401.5
    		      
    12,757.8
    		      
    4,163.3
    		      
    3,749.6
    		      
    4,198.9
    		      
    1,801.5
    		      
    1,954.3
    		      
    1,821.8
    		      
    16,426.8
    		      
    17,105.4
    		      
    18,778.5
    		  
    Net finance cost    
    (2,693.3
    		 )    
    (3,694.5
    		 )    
    (1,842.9
    		 )    
    (709.5
    		 )    
    (439.0
    		 )    
    (868.6
    		 )    
    (91.1
    		 )    
    431.5
    		      
    443.3
    		      
    (3,493.9
    		 )    
    (3,702.0
    		 )    
    (2,268.2
    		 )
    Share of result of joint ventures    
    (4.7
    		 )    
    (6.8
    		 )    
    1.9
    		      
    -
    		      
    -
    		      
    -
    		      
    1.6
    		      
    1.8
    		      
    1.2
    		      
    (3.1
    		 )    
    (5.0
    		 )    
    3.1
    		  
    Income before income tax    
    7,764.0
    		      
    7,700.2
    		      
    10,916.8
    		      
    3,453.8
    		      
    3,310.6
    		      
    3,330.3
    		      
    1,712.0
    		      
    2,387.6
    		      
    2,266.3
    		      
    12,929.8
    		      
    13,398.4
    		      
    16,513.4
    		  
    Income tax expense    
    (3,309.5
    		 )    
    1,100.1
    		      
    (1,884.7
    		 )    
    (1,144.1
    		 )    
    (814.0
    		 )    
    (1,154.1
    		 )    
    (625.7
    		 )    
    (601.1
    		 )    
    (595.5
    		 )    
    (5,079.3
    		 )    
    (315.0
    		 )    
    (3,634.2
    		 )
    Net income    
    4,454.5
    		      
    8,800.3
    		      
    9,032.1
    		      
    2,309.7
    		      
    2,496.6
    		      
    2,176.2
    		      
    1,086.3
    		      
    1,786.5
    		      
    1,670.8
    		      
    7,850.5
    		      
    13,083.4
    		      
    12,879.2
    		  
                                                                                                     
    Normalized EBITDA
    (iii)
    		    
    13,233.9
    		      
    12,805.0
    		      
    15,274.6
    		      
    4,866.6
    		      
    4,501.7
    		      
    4,877.8
    		      
    2,047.1
    		      
    2,176.4
    		      
    2,057.3
    		      
    20,147.6
    		      
    19,483.1
    		      
    22,209.7
    		  
    Exceptional items    
    (56.1
    		 )    
    1,183.2
    		      
    (273.9
    		 )    
    (41.3
    		 )    
    (41.5
    		 )    
    (39.9
    		 )    
    (11.3
    		 )    
    (7.4
    		 )    
    (43.4
    		 )    
    (108.7
    		 )    
    1,134.3
    		      
    (357.2
    		 )
    Depreciation. amortization and impairment    
    (2,715.8
    		 )    
    (2,586.7
    		 )    
    (2,242.9
    		 )    
    (662.0
    		 )    
    (710.6
    		 )    
    (639.0
    		 )    
    (234.3
    		 )    
    (214.7
    		 )    
    (192.1
    		 )    
    (3,612.1
    		 )    
    (3,512.0
    		 )    
    (3,074.0
    		 )
    Net finance costs    
    (2,693.3
    		 )    
    (3,694.5
    		 )    
    (1,842.9
    		 )    
    (709.5
    		 )    
    (439.0
    		 )    
    (868.6
    		 )    
    (91.1
    		 )    
    431.5
    		      
    443.3
    		      
    (3,493.9
    		 )    
    (3,702.0
    		 )    
    (2,268.2
    		 )
    Share of result of joint ventures    
    (4.7
    		 )    
    (6.8
    		 )    
    1.9
    		      
    -
    		      
    -
    		      
    -
    		      
    1.6
    		      
    1.8
    		      
    1.2
    		      
    (3.1
    		 )    
    (5.0
    		 )    
    3.1
    		  
    Income tax expense    
    (3,309.5
    		 )    
    1,100.1
    		      
    (1,884.7
    		 )    
    (1,144.1
    		 )    
    (814.0
    		 )    
    (1,154.1
    		 )    
    (625.7
    		 )    
    (601.1
    		 )    
    (595.5
    		 )    
    (5,079.3
    		 )    
    (315.0
    		 )    
    (3,634.2
    		 )
    Net income    
    4,454.5
    		      
    8,800.3
    		      
    9,032.1
    		      
    2,309.7
    		      
    2,496.6
    		      
    2,176.2
    		      
    1,086.3
    		      
    1,786.5
    		      
    1,670.8
    		      
    7,850.5
    		      
    13,083.4
    		      
    12,879.2
    		  
                                                                                                     
    Normalized EBITDA margin in %    
    42.6
    		 %    
    44.3
    		 %    
    51.5
    		 %    
    45.2
    		 %    
    44.1
    		 %    
    43.3
    		 %    
    33.9
    		 %    
    33.7
    		 %    
    35.4
    		 %    
    42.1
    		 %    
    42.7
    		 %    
    47.5
    		 %
                                                                                                     
    Acquisition of property, plant and equipment    
    1,862.0
    		      
    2,352.0
    		      
    3,442.0
    		      
    1,051.2
    		      
    1,365.5
    		      
    1,654.1
    		      
    292.8
    		      
    317.9
    		      
    285.8
    		      
    3,206.0
    		      
    4,035.4
    		      
    5,381.9
    		  
                                                                                                     
         
    2017
    		      
    2016
    		      
    2015
    		      
    2017
    		      
    2016
    		      
    2015
    		      
    2017
    		      
    2016
    		      
    2015
    		      
    2017
    		      
    2016
    		      
    2015
    		  
    Segment assets    
    48,811.7
    		      
    50,935.0
    		      
    47,282.3
    		      
    11,558.5
    		      
    11,149.0
    		      
    12,757.7
    		      
    10,204.9
    		      
    9,245.8
    		      
    9,264.6
    		      
    70,575.1
    		      
    71,329.8
    		      
    69,304.6
    		  
    Intersegment elimination    
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
    (3,077.7
    		 )    
    (3,968.1
    		 )    
    (1,996.3
    		 )
    Non-segmented assets    
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
    19,354.5
    		      
    16,479.7
    		      
    22,868.0
    		  
    Total assets    
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
    86,851.9
    		      
    83,841.4
    		      
    90,176.3
    		  
                                                                                                     
    Segment liabilities    
    23,031.6
    		      
    22,958.9
    		      
    20,998.7
    		      
    6,015.2
    		      
    5,576.4
    		      
    5,093.9
    		      
    3,700.2
    		      
    3,275.7
    		      
    3,608.6
    		      
    32,747.0
    		      
    31,811.0
    		      
    29,701.2
    		  
    Intersegment elimination    
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
    (3,077.7
    		 )    
    (3,968.1
    		 )    
    (1,996.3
    		 )
    Non-segmented liabilities    
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
    57,182.6
    		      
    55,998.5
    		      
    62,471.4
    		  
    Total liabilities    
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
     
    		      
    86,851.9
    		      
    83,841.4
    		      
    90,176.3
    		  
     
    (i) Latin America – North: includes operations in Brazil, Luxembourg and CAC (El Salvador, Guatemala, Nicaragua, Dominican Republic, Saint Vincent, Dominica, Antigua, Cuba, Barbados and Panama).
     
    (ii) Latin America – South: includes operations in Argentina, Bolivia, Chile, Paraguay and Uruguay. In addition Colombia, Ecuador and Peru, until
    December 31, 2016,
    due to exchange of shareholdings
    ,
    according the Note
    1
    -
    Corporate information
    .
     
    (iii) Normalized EBITDA is calculated excluding of the net income the following effects: (i)
    Income tax expense
    , (iii)
    Share of results of joint ventures
    (iii)
    Net finance result
    , (iv) Exceptional items, and (v) Depreciation, amortization and impairment of property, plant and equipment.
     
    (b) Additional information – by Business unit – Years ended in:
     
        Latin America - north
        CAC   Brazil   Total
        2017   2016   2015   2017   2016   2015   2017   2016   2015
                                         
    Net sales    
    4,733.0
    		      
    3,973.2
    		      
    3,328.8
    		      
    26,353.0
    		      
    24,954.6
    		      
    26,326.1
    		      
    31,086.0
    		      
    28,927.8
    		      
    29,654.9
    		  
    Cost of sales    
    (2,045.6
    		 )    
    (1,798.6
    		 )    
    (1,563.0
    		 )    
    (9,889.4
    		 )    
    (9,071.8
    		 )    
    (8,358.3
    		 )    
    (11,935.0
    		 )    
    (10,870.4
    		 )    
    (9,921.3
    		 )
    Gross profit    
    2,687.4
    		      
    2,174.6
    		      
    1,765.8
    		      
    16,463.6
    		      
    15,882.8
    		      
    17,967.8
    		      
    19,151.0
    		      
    18,057.4
    		      
    19,733.6
    		  
    Distribution expenses    
    (538.6
    		 )    
    (409.9
    		 )    
    (357.4
    		 )    
    (3,655.2
    		 )    
    (3,555.5
    		 )    
    (3,352.2
    		 )    
    (4,193.8
    		 )    
    (3,965.4
    		 )    
    (3,709.6
    		 )
    Sales and marketing expenses    
    (526.4
    		 )    
    (456.7
    		 )    
    (390.1
    		 )    
    (3,129.1
    		 )    
    (3,214.4
    		 )    
    (2,873.9
    		 )    
    (3,655.5
    		 )    
    (3,671.1
    		 )    
    (3,264.0
    		 )
    Administrative expenses    
    (265.0
    		 )    
    (171.7
    		 )    
    (158.3
    		 )    
    (1,689.1
    		 )    
    (1,314.6
    		 )    
    (1,441.4
    		 )    
    (1,954.1
    		 )    
    (1,486.3
    		 )    
    (1,599.7
    		 )
    Other operating income/(expenses)    
    77.8
    		      
    9.6
    		      
    (0.2
    		 )    
    1,092.7
    		      
    1,274.1
    		      
    1,871.6
    		      
    1,170.5
    		      
    1,283.7
    		      
    1,871.4
    		  
    Exceptional items    
    (23.1
    		 )    
    (13.5
    		 )    
    (8.4
    		 )    
    (33.0
    		 )    
    1,196.7
    		      
    (265.5
    		 )    
    (56.1
    		 )    
    1,183.2
    		      
    (273.9
    		 )
    Income from operations (EBIT)    
    1,412.1
    		      
    1,132.4
    		      
    851.4
    		      
    9,049.9
    		      
    10,269.1
    		      
    11,906.4
    		      
    10,462.0
    		      
    11,401.5
    		      
    12,757.8
    		  
    Net finance cost    
    (46.5
    		 )    
    (9.2
    		 )    
    42.8
    		      
    (2,646.8
    		 )    
    (3,685.3
    		 )    
    (1,885.7
    		 )    
    (2,693.3
    		 )    
    (3,694.5
    		 )    
    (1,842.9
    		 )
    Share of result of joint ventures    
    6.0
    		      
    19.0
    		      
    -
    		      
    (10.7
    		 )    
    (25.8
    		 )    
    1.9
    		      
    (4.7
    		 )    
    (6.8
    		 )    
    1.9
    		  
    Income before income tax    
    1,371.6
    		      
    1,142.2
    		      
    894.2
    		      
    6,392.4
    		      
    6,558.0
    		      
    10,022.6
    		      
    7,764.0
    		      
    7,700.2
    		      
    10,916.8
    		  
    Income tax expense    
    (353.5
    		 )    
    (318.8
    		 )    
    (269.4
    		 )    
    (2,956.0
    		 )    
    1,418.9
    		      
    (1,615.3
    		 )    
    (3,309.5
    		 )    
    1,100.1
    		      
    (1,884.7
    		 )
    Net income    
    1,018.1
    		      
    823.4
    		      
    624.8
    		      
    3,436.4
    		      
    7,976.9
    		      
    8,407.3
    		      
    4,454.5
    		      
    8,800.3
    		      
    9,032.1
    		  
                                                                             
    Normalized EBITDA
    (iii)
    		    
    1,842.0
    		      
    1,483.8
    		      
    1,173.9
    		      
    11,391.9
    		      
    11,321.2
    		      
    14,100.7
    		      
    13,233.9
    		      
    12,805.0
    		      
    15,274.6
    		  
    Exceptional items    
    (23.1
    		 )    
    (13.5
    		 )    
    (8.4
    		 )    
    (33.0
    		 )    
    1,196.7
    		      
    (265.5
    		 )    
    (56.1
    		 )    
    1,183.2
    		      
    (273.9
    		 )
    Depreciation, amortization and impairment    
    (406.8
    		 )    
    (338.0
    		 )    
    (314.1
    		 )    
    (2,309.0
    		 )    
    (2,248.7
    		 )    
    (1,928.8
    		 )    
    (2,715.8
    		 )    
    (2,586.7
    		 )    
    (2,242.9
    		 )
    Net finance costs    
    (46.5
    		 )    
    (9.2
    		 )    
    42.8
    		      
    (2,646.8
    		 )    
    (3,685.3
    		 )    
    (1,885.7
    		 )    
    (2,693.3
    		 )    
    (3,694.5
    		 )    
    (1,842.9
    		 )
    Share of result of joint ventures    
    6.0
    		      
    19.0
    		      
    -
    		      
    (10.7
    		 )    
    (25.8
    		 )    
    1.9
    		      
    (4.7
    		 )    
    (6.8
    		 )    
    1.9
    		  
    Income tax expense    
    (353.5
    		 )    
    (318.8
    		 )    
    (269.4
    		 )    
    (2,956.0
    		 )    
    1,418.9
    		      
    (1,615.3
    		 )    
    (3,309.5
    		 )    
    1,100.1
    		      
    (1,884.7
    		 )
    Net income    
    1,018.1
    		      
    823.3
    		      
    624.8
    		      
    3,436.4
    		      
    7,977.0
    		      
    8,407.3
    		      
    4,454.5
    		      
    8,800.3
    		      
    9,032.1
    		  
                                                                             
    Normalized EBITDA margin in %    
    38.9
    		 %    
    37.3
    		 %    
    35.3
    		 %    
    43.2
    		 %    
    45.4
    		 %    
    53.6
    		 %    
    42.6
    		 %    
    44.3
    		 %    
    51.5
    		 %
     
    (i) Normalized EBITDA is calculated excluding of the net income the following effects: (i)
    Income tax expense
    , (iii)
    Share of results of joint ventures
    , (iii)
    Net finance result
    , (iv) Exceptional items, and (v) Depreciation, amortization and impairment of property, plant and equipment.
     
     
        Brazil
        Beer   Soft drink and
    Non-alcoholic and
    non-carbonated    		   Total
        2017   2016   2015   2017   2016   2015   2017   2016   2015
                                         
    Net sales    
    22,509.3
    		      
    21,173.1
    		      
    22,441.3
    		      
    3,843.7
    		      
    3,781.5
    		      
    3,884.8
    		      
    26,353.0
    		      
    24,954.6
    		      
    26,326.1
    		  
    Cost of sales    
    (7,895.1
    		 )    
    (7,339.9
    		 )    
    (6,757.6
    		 )    
    (1,994.3
    		 )    
    (1,731.9
    		 )    
    (1,600.7
    		 )    
    (9,889.4
    		 )    
    (9,071.8
    		 )    
    (8,358.3
    		 )
    Gross profit    
    14,614.2
    		      
    13,833.2
    		      
    15,683.7
    		      
    1,849.4
    		      
    2,049.6
    		      
    2,284.1
    		      
    16,463.6
    		      
    15,882.8
    		      
    17,967.8
    		  
    Distribution expenses    
    (2,961.0
    		 )    
    (2,891.7
    		 )    
    (2,754.0
    		 )    
    (694.2
    		 )    
    (663.8
    		 )    
    (598.2
    		 )    
    (3,655.2
    		 )    
    (3,555.5
    		 )    
    (3,352.2
    		 )
    Sales and marketing expenses    
    (2,953.6
    		 )    
    (3,044.0
    		 )    
    (2,691.3
    		 )    
    (175.5
    		 )    
    (170.4
    		 )    
    (182.6
    		 )    
    (3,129.1
    		 )    
    (3,214.4
    		 )    
    (2,873.9
    		 )
    Administrative expenses    
    (1,476.3
    		 )    
    (1,160.2
    		 )    
    (1,341.5
    		 )    
    (212.8
    		 )    
    (154.4
    		 )    
    (99.9
    		 )    
    (1,689.1
    		 )    
    (1,314.6
    		 )    
    (1,441.4
    		 )
    Other operating income/(expenses)    
    825.0
    		      
    969.8
    		      
    1,551.2
    		      
    267.7
    		      
    304.3
    		      
    320.4
    		      
    1,092.7
    		      
    1,274.1
    		      
    1,871.6
    		  
    Exceptional items    
    (28.2
    		 )    
    1,014.3
    		      
    (265.2
    		 )    
    (4.8
    		 )    
    182.4
    		      
    (0.3
    		 )    
    (33.0
    		 )    
    1,196.7
    		      
    (265.5
    		 )
    Income from operations (EBIT)    
    8,020.1
    		      
    8,721.4
    		      
    10,182.9
    		      
    1,029.8
    		      
    1,547.7
    		      
    1,723.5
    		      
    9,049.9
    		      
    10,269.1
    		      
    11,906.4
    		  
    Net finance cost    
    (2,646.8
    		 )    
    (3,685.3
    		 )    
    (1,885.7
    		 )    
    -
    		      
    -
    		      
    -
    		      
    (2,646.8
    		 )    
    (3,685.3
    		 )    
    (1,885.7
    		 )
    Share of result of joint ventures    
    (10.7
    		 )    
    (25.8
    		 )    
    1.9
    		      
    -
    		      
    -
    		      
    -
    		      
    (10.7
    		 )    
    (25.8
    		 )    
    1.9
    		  
    Income before income tax    
    5,362.6
    		      
    5,010.3
    		      
    8,299.1
    		      
    1,029.8
    		      
    1,547.7
    		      
    1,723.5
    		      
    6,392.4
    		      
    6,558.0
    		      
    10,022.6
    		  
    Income tax expense    
    (2,956.0
    		 )    
    1,418.9
    		      
    (1,615.3
    		 )    
    -
    		      
    -
    		      
    -
    		      
    (2,956.0
    		 )    
    1,418.9
    		      
    (1,615.3
    		 )
    Net income    
    2,406.6
    		      
    6,429.2
    		      
    6,683.8
    		      
    1,029.8
    		      
    1,547.7
    		      
    1,723.5
    		      
    3,436.4
    		      
    7,976.9
    		      
    8,407.3
    		  
                                                                             
    Normalized EBITDA
    (i)
    		    
    10,047.3
    		      
    9,618.6
    		      
    12,038.9
    		      
    1,344.6
    		      
    1,702.6
    		      
    2,061.8
    		      
    11,391.9
    		      
    11,321.2
    		      
    14,100.7
    		  
    Exceptional items    
    (28.2
    		 )    
    1,014.3
    		      
    (265.2
    		 )    
    (4.8
    		 )    
    182.4
    		      
    (0.3
    		 )    
    (33.0
    		 )    
    1,196.7
    		      
    (265.5
    		 )
    Depreciation, amortization and impairment    
    (1,999.0
    		 )    
    (1,911.5
    		 )    
    (1,590.8
    		 )    
    (310.0
    		 )    
    (337.3
    		 )    
    (338.0
    		 )    
    (2,309.0
    		 )    
    (2,248.8
    		 )    
    (1,928.8
    		 )
    Net finance costs    
    (2,646.8
    		 )    
    (3,685.3
    		 )    
    (1,885.7
    		 )    
    -
    		      
    -
    		      
    -
    		      
    (2,646.8
    		 )    
    (3,685.3
    		 )    
    (1,885.7
    		 )
    Share of result of joint ventures    
    (10.7
    		 )    
    (25.8
    		 )    
    1.9
    		      
    -
    		      
    -
    		      
    -
    		      
    (10.7
    		 )    
    (25.8
    		 )    
    1.9
    		  
    Income tax expense    
    (2,956.0
    		 )    
    1,418.9
    		      
    (1,615.3
    		 )    
    -
    		      
    -
    		      
    -
    		      
    (2,956.0
    		 )    
    1,418.9
    		      
    (1,615.3
    		 )
    Net income    
    2,406.6
    		      
    6,429.2
    		      
    6,683.8
    		      
    1,029.8
    		      
    1,547.7
    		      
    1,723.5
    		      
    3,436.4
    		      
    7,976.9
    		      
    8,407.3
    		  
                                                                             
    Normalized EBITDA margin in %    
    44.5
    		 %    
    45.4
    		 %    
    53.6
    		 %    
    35.8
    		 %    
    45.0
    		 %    
    53.1
    		 %    
    43.2
    		 %    
    45.4
    		 %    
    53.6
    		 %
     
    (i) Normalized EBITDA is calculated excluding of the net income the following effects: (i)
    Income tax expense
    , (iii)
    Share of results of joint ventures
    , (iii)
    Net finance result
    , (iv) Exceptional items, and (v) Depreciation, amortization and impairment of property, plant and equipment.