|
|
|
2017 |
|
||||||||
|
|
|
Mining |
|
Smelting |
|
Elimination |
|
Adjustment(i) |
|
Total |
|
|
Revenue from external customers |
|
491,758 |
|
1,952,006 |
|
— |
|
5,719 |
|
2,449,484 |
|
|
Intersegment (sales or transfer) |
|
721,463 |
|
— |
|
(721,463 |
) |
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue from products sold |
|
1,213,221 |
|
1,952,006 |
|
(721,463 |
) |
5,719 |
|
2,449,484 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
(581,029 |
) |
(1,698,325 |
) |
721,463 |
|
(123,311 |
) |
(1,681,202 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
632,192 |
|
253,681 |
|
— |
|
(117,592 |
) |
768,282 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Revised) |
|
||||||||
|
|
|
Mining |
|
Smelting |
|
Elimination |
|
Adjustment(i) |
|
Total |
|
|
Revenue from external customers |
|
469,187 |
|
1,491,988 |
|
— |
|
3,666 |
|
1,964,841 |
|
|
Intersegment (sales or transfer) |
|
438,238 |
|
— |
|
(438,238 |
) |
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue from products sold |
|
907,425 |
|
1,491,988 |
|
(438,238 |
) |
3,666 |
|
1,964,841 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
(513,135 |
) |
(1,260,519 |
) |
438,238 |
|
(103,685 |
) |
(1,439,101 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
394,290 |
|
231,469 |
|
— |
|
(100,019 |
) |
525,740 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Revised) |
|
||||||||
|
|
|
Mining |
|
Smelting |
|
Elimination |
|
Adjustment(i) |
|
Total |
|
|
Revenue from external customers |
|
420,663 |
|
1,421,307 |
|
— |
|
23,213 |
|
1,865,183 |
|
|
Intersegment (sales or transfer) |
|
350,041 |
|
— |
|
(350,041 |
) |
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net revenue from products sold |
|
770,704 |
|
1,421,307 |
|
(350,041 |
) |
23,213 |
|
1,865,183 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of products sold |
|
(532,097 |
) |
(1,170,545 |
) |
350,041 |
|
(110,689 |
) |
(1,463,290 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit |
|
238,607 |
|
250,762 |
|
— |
|
(87,476 |
) |
401,893 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(i) |
The column “Adjustment” represents the residual component of revenue from external customers and cost of products sold either not pertaining to the Mining or Smelting segments, or, represents items that, because of their nature, are not being allocated to a specific segment, such as revenues sales of concentrate executed from the smelting segment, purchase price allocation amortization of the fair value adjustments which were recognized upon the acquisition of NEXA PERU, and other variable payments related to production performance results, fair value hedge from other operating expenses. |
The table below shows the composition of the revenue from external customer adjustments according to their nature:
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
Sales of concentrate from smelting segment |
|
5,740 |
|
7,153 |
|
17,945 |
|
|
VMZ Energy sales |
|
— |
|
— |
|
8,354 |
|
|
Other |
|
(21 |
) |
(3,487 |
) |
(3,086 |
) |
|
|
|
|
|
|
|
|
|
|
Total Adjustment on revenue from external customer |
|
5,719 |
|
3,666 |
|
23,213 |
|
|
|
|
|
|
|
|
|
|
The table below shows the composition of the cost of products sold adjustments according to their nature:
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
Cost of concentrate sold by smelting segment |
|
(3,303 |
) |
(2,405 |
) |
(10,968 |
) |
|
Cost of energy sold by VMZ |
|
— |
|
— |
|
(4,788 |
) |
|
Employee compensation - Production performance |
|
(33,969 |
) |
(31,602 |
) |
(21,825 |
) |
|
Amortization of purchase price allocation of Milpo |
|
(77,585 |
) |
(77,585 |
) |
(77,672 |
) |
|
Fair Value Hedge |
|
(8,406 |
) |
14,729 |
|
(6,230 |
) |
|
Other |
|
(48 |
) |
(6,822 |
) |
10,794 |
|
|
|
|
|
|
|
|
|
|
|
Total adjustment on cost of products sold |
|
(123,311 |
) |
(103,685 |
) |
(110,689 |
) |
|
|
|
|
|
|
|
|
|