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
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1073404/000110465918022121/ggb-20171231.xml
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  • ifrs-full:DisclosureOfFinanceIncomeExplanatory

    NOTE 30 — FINANCIAL INCOME

     

     

     

    2017

     

    2016

     

    2015

     

     

     

     

     

     

     

     

     

    Income from short-term investments

     

    85,153

     

    142,965

     

    270,742

     

    Interest income and other financial income

     

    141,462

     

    109,080

     

    107,660

     

     

     

     

     

     

     

     

     

    Financial Income

     

    226,615

     

    252,045

     

    378,402

     

     

     

     

     

     

     

     

     

    Interest on debt

     

    (1,323,448

    )

    (1,540,797

    )

    (1,471,526

    )

    Monetary variation and other financial expenses

     

    (402,836

    )

    (469,208

    )

    (308,840

    )

     

     

     

     

     

     

     

     

    Financial Expenses

     

    (1,726,284

    )

    (2,010,005

    )

    (1,780,366

    )

     

     

     

     

     

     

     

     

    Exchange Variation, net

     

    (4,057

    )

    851,635

     

    (1,564,017

    )

    Reversal of monetary update of contingent liabilities, net

     

    369,819

     

     

     

    Gains and losses on financial instruments, net

     

    (9,441

    )

    (38,930

    )

    87,085

     

     

     

     

     

     

     

     

     

    Financial result, net

     

    (1,143,348

    )

    (945,255

    )

    (2,878,896

    )