GERDAU S.A. | CIK:0001073404 | 3

  • Filed: 4/3/2018
  • Entity registrant name: GERDAU S.A. (CIK: 0001073404)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1073404/000110465918022121/0001104659-18-022121-index.htm
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  • ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory

    NOTE 9 — INVESTMENTS

     

     

     

     

    Joint ventures

     

    Associate companies

     

     

     

     

     

    Joint ventures
    North America

     

    Gerdau Corsa
    S.A.P.I. de C.V.

     

    Gerdau Metaldom
    Corp.

     

    Gerdau Summit
    Aços Fundidos e
    Forjados S.A. (note
    3.2)

     

    Diaco S.A.

     

    Dona Francisca
    Energética S.A.

     

    Armacero
    Ind. Com. Ltda.

     

    Corsa
    Controladora S.A.
    de C.V.

     

    Corporación
    Centro Americana
    del Acero, S.A.

     

    Others

     

    Total

     

    Balance as of January 1, 2015

     

    40,152

     

    109,930

     

    364,281

     

     

     

    124,211

     

    20,251

     

    298,409

     

    435,568

     

    1,581

     

    1,394,383

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Equity in earnings

     

    14,432

     

    (88,690

    )

    38,485

     

     

     

    11,725

     

    (1,933

    )

    (7,574

    )

    9,053

     

     

    (24,502

    )

    Cumulative Translation Adjustment

     

    11,265

     

    27,021

     

    173,079

     

     

     

     

    2,611

     

    68,733

     

    134,749

     

    503

     

    417,961

     

    Capital increase

     

     

    40,524

     

     

     

     

     

     

     

     

     

    40,524

     

    Impairment of assets

     

     

     

     

     

     

     

     

     

    (361,786

    )

     

    (361,786

    )

    Control acquisition

     

     

     

     

     

     

     

    (20,929

    )

     

     

     

    (20,929

    )

    Dividends/Interest on equity

     

    (5,116

    )

     

     

     

     

    (46,341

    )

     

     

    (1,312

    )

     

    (52,769

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance as of December 31, 2015

     

    60,733

     

    88,785

     

    575,845

     

     

     

    89,595

     

     

    359,568

     

    216,272

     

    2,084

     

    1,392,882

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Equity in earnings

     

    13,533

     

    (96,306

    )

    16,362

     

     

     

    17,780

     

     

    12,155

     

    23,705

     

     

    (12,771

    )

    Cumulative Translation Adjustment

     

    (9,492

    )

    (11,748

    )

    (88,051

    )

     

     

     

     

    (105,420

    )

    (36,134

    )

    (350

    )

    (251,195

    )

    Effect of selling of subsidiary (note 3.4)

     

     

     

     

     

     

     

     

     

    (203,843

    )

    (1,734

    )

    (205,577

    )

    Dividends/Interest on equity

     

    (8,282

    )

     

    (99,634

    )

     

     

    (16,579

    )

     

     

     

     

    (124,495

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance as of December 31, 2016

     

    56,492

     

    (19,269

    )

    404,522

     

     

     

    90,796

     

     

    266,303

     

     

     

    798,844

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Equity in earnings

     

    5,725

     

    (110,773

    )

    33,505

     

    15,460

     

    8,048

     

    19,971

     

     

    (6,533

    )

     

     

    (34,597

    )

    Cumulative Translation Adjustment

     

    5,081

     

    (33,078)

     

    (7,606

    )

     

    1,346

     

     

     

    17,512

     

     

     

    (16,745

    )

    Capital increase

     

     

    178,670

     

     

    184,187

     

     

     

     

     

     

     

    362,857

     

    Joint venture creation (note 3.2)

     

     

     

     

     

    145,084

     

     

     

     

     

     

    145,084

     

    Contingent price complement

     

     

     

     

     

     

    65,500

     

     

     

     

     

    65,500

     

    Dividends/Interest on equity

     

    (14,050

    )

     

     

     

     

    (26,594

    )

     

     

     

     

    (40,644

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Balance as of December 31, 2017

     

    53,248

     

    15,550

     

    430,421

     

    199,647

     

    154,478

     

    149,673

     

     

    277,282

     

     

     

    1,280,299