Changes to investments in joint ventures were as follows:
| Raízen Combustíveis S.A. |
Raízen Energia S.A. |
Total | ||||||||||
|
Shares issued by the joint venture |
3,303,168,484 | 5,902,595,634 | ||||||||||
|
Shares held by Cosan |
1,651,584,242 | 2,951,297,817 | ||||||||||
|
Cosan ownership interest |
50% | 50% | ||||||||||
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|
January 1, 2016 |
3,204,834 | 5,032,356 | 8,237,190 | |||||||||
|
Interest in earnings of joint ventures |
737,599 | 832,533 | 1,570,132 | |||||||||
|
Other comprehensive income |
22,949 | 35,467 | 58,416 | |||||||||
|
Interest on capital |
(58,500 | ) | (100,000 | ) | (158,500 | ) | ||||||
|
Dividends |
(716,060 | ) | (484,783 | ) | (1,200,843 | ) | ||||||
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December 31, 2016 |
3,190,822 | 5,315,573 | 8,506,395 | |||||||||
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Interest in earnings of joint ventures |
694,015 | 291,075 | 985,090 | |||||||||
|
Other comprehensive income |
(5,349 | ) | 209,412 | 204,063 | ||||||||
|
Interest on capital |
(42,000 | ) | — | (42,000 | ) | |||||||
|
Dividends |
(651,500 | ) | (554,249 | ) | (1,205,749 | ) | ||||||
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December 31, 2017 |
3,185,988 | 5,261,811 | 8,447,799 | |||||||||
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