TRADE ACCOUNTS RECEIVABLE

12 Months Ended

Dec. 31, 2017

TRADE ACCOUNTS RECEIVABLE

TRADE ACCOUNTS RECEIVABLE

NOTE 5 — TRADE ACCOUNTS RECEIVABLE

	2017		2016
Trade accounts receivable - in Brazil	1,265,431		1,251,739
Trade accounts receivable - exports from Brazil	139,162		265,252
Trade accounts receivable - foreign subsidiaries	1,525,466		2,259,014
(-) Allowance for doubtful accounts	(131,639	)	(199,306	)
	2,798,420		3,576,699

Accounts receivable by aging are as follows:

	2017		2016
Current	2,234,723		2,917,073
Past-due:
Up to 30 days	467,901		506,780
From 31 to 60 days	96,852		128,715
From 61 to 90 days	17,636		37,559
From 91 to 180 days	27,841		53,460
From 181 to 360 days	22,985		66,444
Above 360 days	62,121		65,974
(-) Allowance for doubtful accounts	(131,639	)	(199,306	)
	2,798,420		3,576,699

The changes in the allowance for doubtful accounts are as follows:

Balance as of January 1, 2015	(98,814	)
Provisions for bad debt during the year	(133,868	)
Recoveries in the year	6,167
Write-offs	41,392
Exchange variation	(138	)
Balance as of December 31, 2015	(185,261	)
Provisions for bad debt during the year	(85,661	)
Recoveries in the year	16,880
Write-offs	37,679
Loss of control by selling of subsidiary (note 3.4)	17,594
Exchange variation	(537	)
Balance as of December 31, 2016	(199,306	)
Provisions for bad debt during the year	(98,476	)
Recoveries in the year	80,134
Write-offs	73,591
Loss of control by joint venture creation (note 3.4)	1,487
Assets held for sale (note 3.4)	11,207
Exchange variation	(276	)
Balance as of December 31, 2017	(131,639	)