At December 31, 2017, 2016 and 2015, the total amount of non-current assets held for sale includes foreclosed assets and other tangible assets. The change in the "Non-current assets held for sale" is as follows:
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| Thousand of reais |
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| 2017 |
| 2016 |
| 2015 |
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| Balance at beginning of year |
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| 1,418,308 |
| 1,310,033 |
| 978,274 | ||
| Loan repayments - repossession of assets |
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| 524,497 |
| 834,903 |
| 293,440 | ||||
| Capital Increase in Companies held for sale |
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| - |
| 10,462 |
| 355,538 | ||||
| Additions / disposals (net) due to change in the scope of consolidation (2) |
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| - |
| (497,847) |
| - | ||||||
| Sales (1) |
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| (434,553) |
| (239,291) |
| (317,321) |
| Others |
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| (704) |
| 48 |
| 102 |
| Final balance, gross |
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| 1,507,548 |
| 1,418,308 |
| 1,310,033 | ||
| Impairment losses (3) |
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| (352,092) |
| (80,423) |
| (72,540) |
| Impairment as a percentage of foreclosed assets |
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| 23.37% |
| 10.52% |
| 5.54% | ||||
| Balance at end of year |
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| 1,155,456 |
| 1,337,885 |
| 1,237,493 | ||
(1) In 2015, it mainly refers to the sale by Santander Corretora de Seguros (Current corporate name of Santander Participações S.A.) of its total interest in Santos Energia and its subsidiaries and, in the Special Purpose Companies Gestamp Eólica Serra de Santana S.A., Gestamp Eólica Paraíso S.A., Gestamp Eólica Lanchinha S.A., Gestamp Eólica Seridó S.A. and Gestamp Eólica Lagoa Nova S.A.
(2) On September 30, 2016, as a result of the non-expectation of sale of investment in BW Guirapá and controlled, from a market period, an administrator transferred the total of this balance to the caption of investments in affiliated and controlled companies in the country (Note 12). In 2017, as described at note 3, this investment was sold.
(3) In 2017, includes the amount of R$271,670 of provisions for devaluations on real estate and which were subsequently sold, constituted from valuation reports prepared by specialized external consulting, recorded as a provision for impairment losses, in 2016, this provision was R$239,291 (Note 44).
Provisions for devaluations on real estate
On December 31, 2017, includes in the caption "Gains (losses) on non-current assets held for sale not classified as discontinued operations" the amount of R$337,686 of provisions for devaluations on real estate, based on appraisal reports prepared by specialized external consulting.