22. Financial instruments classification
The Company classifies its financial instruments in accordance with the purpose for which they were acquired, and determines the classification and initial recognition according to the following categories:
|
|
|
December 31, 2017 |
|
December 31, 2016 |
|
||||||||
|
|
|
Loans and |
|
At fair value |
|
Total |
|
Loans and |
|
At fair value |
|
Total |
|
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
4,328 |
|
— |
|
4,328 |
|
4,262 |
|
— |
|
4,262 |
|
|
Financial investments |
|
18 |
|
— |
|
18 |
|
18 |
|
— |
|
18 |
|
|
Derivative financial instruments |
|
— |
|
106 |
|
106 |
|
— |
|
274 |
|
274 |
|
|
Accounts receivable |
|
2,600 |
|
— |
|
2,600 |
|
3,663 |
|
— |
|
3,663 |
|
|
Related parties |
|
1,898 |
|
— |
|
1,898 |
|
— |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,844 |
|
106 |
|
8,950 |
|
7,943 |
|
274 |
|
8,217 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
— |
|
453 |
|
453 |
|
— |
|
446 |
|
446 |
|
|
Loans |
|
151 |
|
— |
|
151 |
|
180 |
|
— |
|
180 |
|
|
Related parties |
|
2,628 |
|
— |
|
2,628 |
|
— |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,779 |
|
453 |
|
3,232 |
|
180 |
|
446 |
|
626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial assets |
|
11,623 |
|
559 |
|
12,182 |
|
8,123 |
|
720 |
|
8,843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Suppliers and contractors |
|
4,041 |
|
— |
|
4,041 |
|
3,630 |
|
— |
|
3,630 |
|
|
Derivative financial instruments |
|
— |
|
104 |
|
104 |
|
— |
|
414 |
|
414 |
|
|
Loans and borrowings |
|
1,703 |
|
— |
|
1,703 |
|
1,660 |
|
— |
|
1,660 |
|
|
Related parties |
|
270 |
|
— |
|
270 |
|
353 |
|
— |
|
353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,014 |
|
104 |
|
6,118 |
|
5,643 |
|
414 |
|
6,057 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
— |
|
686 |
|
686 |
|
— |
|
1,225 |
|
1,225 |
|
|
Loans and borrowings |
|
20,786 |
|
— |
|
20,786 |
|
27,662 |
|
— |
|
27,662 |
|
|
Related parties |
|
975 |
|
— |
|
975 |
|
87 |
|
— |
|
87 |
|
|
Participative stockholders’ debentures |
|
— |
|
1,233 |
|
1,233 |
|
— |
|
775 |
|
775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,761 |
|
1,919 |
|
23,680 |
|
27,749 |
|
2,000 |
|
29,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial liabilities |
|
27,775 |
|
2,023 |
|
29,798 |
|
33,392 |
|
2,414 |
|
35,806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The classification of financial assets and liabilities by currencies are as follows:
|
|
|
December 31, 2017 |
|
||||||||||
|
|
|
R$ |
|
US$ |
|
CAD |
|
EUR |
|
Others currencies |
|
Total |
|
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
1,790 |
|
2,395 |
|
48 |
|
11 |
|
84 |
|
4,328 |
|
|
Financial investments |
|
1 |
|
17 |
|
— |
|
— |
|
— |
|
18 |
|
|
Derivative financial instruments |
|
60 |
|
46 |
|
— |
|
— |
|
— |
|
106 |
|
|
Accounts receivable |
|
246 |
|
2,334 |
|
6 |
|
— |
|
14 |
|
2,600 |
|
|
Related parties |
|
— |
|
1,898 |
|
— |
|
— |
|
— |
|
1,898 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,097 |
|
6,690 |
|
54 |
|
11 |
|
98 |
|
8,950 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
384 |
|
69 |
|
— |
|
— |
|
— |
|
453 |
|
|
Loans |
|
5 |
|
146 |
|
— |
|
— |
|
— |
|
151 |
|
|
Related parties |
|
— |
|
2,628 |
|
— |
|
— |
|
— |
|
2,628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
389 |
|
2,843 |
|
— |
|
— |
|
— |
|
3,232 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial assets |
|
2,486 |
|
9,533 |
|
54 |
|
11 |
|
98 |
|
12,182 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Suppliers and contractors |
|
2,464 |
|
1,108 |
|
386 |
|
49 |
|
34 |
|
4,041 |
|
|
Derivative financial instruments |
|
95 |
|
9 |
|
— |
|
— |
|
— |
|
104 |
|
|
Loans and borrowings |
|
768 |
|
880 |
|
18 |
|
37 |
|
— |
|
1,703 |
|
|
Related parties |
|
— |
|
270 |
|
— |
|
— |
|
— |
|
270 |
|
|
|
|
3,327 |
|
2,267 |
|
404 |
|
86 |
|
34 |
|
6,118 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
638 |
|
48 |
|
|
|
|
|
|
|
686 |
|
|
Loans and borrowings |
|
3,379 |
|
16,060 |
|
207 |
|
1,140 |
|
— |
|
20,786 |
|
|
Related parties |
|
78 |
|
897 |
|
— |
|
— |
|
— |
|
975 |
|
|
Participative stockholders’ debentures |
|
1,233 |
|
— |
|
— |
|
— |
|
— |
|
1,233 |
|
|
|
|
5,328 |
|
17,005 |
|
207 |
|
1,140 |
|
— |
|
23,680 |
|
|
Total of financial liabilities |
|
8,655 |
|
19,272 |
|
611 |
|
1,226 |
|
34 |
|
29,798 |
|
|
|
|
December 31, 2016 |
|
||||||||||
|
|
|
R$ |
|
US$ |
|
CAD |
|
EUR |
|
Others currencies |
|
Total |
|
|
Financial assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
961 |
|
2,899 |
|
45 |
|
56 |
|
301 |
|
4,262 |
|
|
Financial investments |
|
1 |
|
17 |
|
— |
|
— |
|
— |
|
18 |
|
|
Derivative financial instruments |
|
104 |
|
170 |
|
— |
|
— |
|
— |
|
274 |
|
|
Accounts receivable |
|
337 |
|
3,310 |
|
— |
|
1 |
|
15 |
|
3,663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,403 |
|
6,396 |
|
45 |
|
57 |
|
316 |
|
8,217 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
400 |
|
46 |
|
— |
|
— |
|
— |
|
446 |
|
|
Loans |
|
35 |
|
96 |
|
49 |
|
— |
|
— |
|
180 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
435 |
|
142 |
|
49 |
|
— |
|
— |
|
626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial assets |
|
1,838 |
|
6,538 |
|
94 |
|
57 |
|
316 |
|
8,843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Suppliers and contractors |
|
1,897 |
|
948 |
|
612 |
|
96 |
|
77 |
|
3,630 |
|
|
Derivative financial instruments |
|
317 |
|
97 |
|
— |
|
— |
|
— |
|
414 |
|
|
Loans and borrowings |
|
752 |
|
827 |
|
17 |
|
64 |
|
— |
|
1,660 |
|
|
Related parties |
|
— |
|
353 |
|
— |
|
— |
|
— |
|
353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,966 |
|
2,225 |
|
629 |
|
160 |
|
77 |
|
6,057 |
|
|
Non-current |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Derivative financial instruments |
|
1,052 |
|
173 |
|
— |
|
— |
|
— |
|
1,225 |
|
|
Loans and borrowings |
|
5,869 |
|
19,790 |
|
209 |
|
1,794 |
|
— |
|
27,662 |
|
|
Related parties |
|
87 |
|
— |
|
— |
|
— |
|
— |
|
87 |
|
|
Participative stockholders’ debentures |
|
775 |
|
— |
|
— |
|
— |
|
— |
|
775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,783 |
|
19,963 |
|
209 |
|
1,794 |
|
— |
|
29,749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total of financial liabilities |
|
10,749 |
|
22,188 |
|
838 |
|
1,954 |
|
77 |
|
35,806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|