NOTE 29 — EXPENSES BY NATURE
The Company opted to present its Consolidated Income Statement by function. The expenses classified by nature is as follows:
|
|
|
2017 |
|
2016 |
|
2015 |
|
|
Depreciation and amortization |
|
(2,092,551 |
) |
(2,535,955 |
) |
(2,607,909 |
) |
|
Labor expenses |
|
(5,514,721 |
) |
(6,508,834 |
) |
(7,018,129 |
) |
|
Raw material and consumption material |
|
(23,423,950 |
) |
(22,863,693 |
) |
(27,126,417 |
) |
|
Freight |
|
(2,281,773 |
) |
(2,279,459 |
) |
(2,538,071 |
) |
|
Impairment of assets |
|
(1,114,807 |
) |
(2,917,911 |
) |
(4,996,240 |
) |
|
Gains and losses on assets held for sale and sales of interest in subsidiaries and associate company |
|
(721,682 |
) |
(58,223 |
) |
— |
|
|
Reversal of contingent liabilities, net |
|
929,711 |
|
— |
|
— |
|
|
Other expenses/income, net |
|
(1,563,177 |
) |
(2,111,181 |
) |
(2,485,485 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
(35,782,950 |
) |
(39,275,256 |
) |
(46,772,251 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Classified as: |
|
|
|
|
|
|
|
|
Cost of sales |
|
(33,312,995 |
) |
(34,187,941 |
) |
(39,290,526 |
) |
|
Selling expenses |
|
(524,965 |
) |
(710,766 |
) |
(785,002 |
) |
|
General and administrative expenses |
|
(1,129,943 |
) |
(1,528,262 |
) |
(1,797,483 |
) |
|
Other operating income |
|
260,618 |
|
242,077 |
|
213,431 |
|
|
Other operating expenses |
|
(168,887 |
) |
(114,230 |
) |
(116,431 |
) |
|
Impairment of assets |
|
(1,114,807 |
) |
(2,917,911 |
) |
(4,996,240 |
) |
|
Gains and losses on assets held for sale and sales of interest in subsidiaries and associate company |
|
(721,682 |
) |
(58,223 |
) |
— |
|
|
Reversal of contingent liabilities, net |
|
929,711 |
|
— |
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
(35,782,950 |
) |
(39,275,256 |
) |
(46,772,251 |
) |
|
|
|
|
|
|
|
|
|