Cosan Ltd. | CIK:0001402902 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Cosan Ltd. (CIK: 0001402902)
  • Generator: Donnelley Financial Solutions
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1402902/000119312518138511/0001193125-18-138511-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1402902/000119312518138511/czz-20171231.xml
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  • ifrs-full:DisclosureOfDeferredTaxesExplanatory

    b) Deferred income tax assets and liabilities:

     

         December 31,
    2017
         December 31,
    2016
     

    Assets credit of:

         

    Income tax loss carry forwards

         2,112,707        1,900,366  

    Social contribution tax loss carry forwards

         772,304        704,480  

    Temporary differences

         

    Foreign exchange—Loans and borrowings

         548,568        590,696  

    Legal proceedings provision

         365,997        367,060  

    Tax deductible goodwill

         56,276        225,104  

    Impairment provision

         250,236        319,070  

    Provisions for employee benefits

         153,434        138,655  

    Allowance for doubtful accounts

         25,991        77,168  

    Regulatory asset (liability)

         65,318        71,039  

    Impairment of tax credit

         61,324        51,057  

    Share-based payment transactions

         291        —    

    Profit sharing

         41,506        28,732  

    Interest on preferred shareholders payable in subsidiaries

         218,599        219,019  

    Property, plant and equipment—useful life review

         160,490        27,987  

    Contractual dispute

         115,490        120,952  

    Other

         297,932        264,094  
      

     

     

        

     

     

     

    Total

         5,246,463        5,105,479  

     

    (-) Deferred taxes assets not recognized

         (1,961,325 )      (1,781,670 ) 

    Liabilities credit of:

        

    Temporary differences

        

    Business combination—property, plant and equipment

         110,149       144,952  

    Tax deductible goodwill

         (369,044 )      (348,192 ) 

    Lease

         (277,091 )      (138,525 ) 

    Concession contract

         (8,681 )      (10,617 ) 

    Unrealized gains on derivatives instruments

         (102,410 )      (47,757 ) 

    Income on formation of joint ventures

         (1,135,036 )      (1,135,036 ) 

    Business combination—Intangible asset

         (3,723,742 )      (3,764,925 ) 

    Other

         (45,513 )      (84,272 ) 
      

     

     

       

     

     

     

    Total

         (5,551,368 )      (5,384,372 ) 
      

     

     

       

     

     

     

    Total of deferred taxes recorded

         (2,266,230 )      (2,060,563 ) 
      

     

     

       

     

     

     

    Deferred income tax—Assets

         1,636,080       1,490,002  
      

     

     

       

     

     

     

    Deferred income tax—Liabilities

         (3,902,310 )      (3,550,565 )