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INVENTORIES
12 Months Ended
Dec. 31, 2017
INVENTORIES  
INVENTORIES

NOTE 6 - INVENTORIES

 

 

 

2017

 

2016

 

Finished products

 

3,026,556

 

2,987,785

 

Work in progress

 

1,302,152

 

1,201,327

 

Raw materials

 

1,703,013

 

1,487,971

 

Storeroom supplies

 

298,100

 

430,731

 

Imports in transit

 

375,139

 

253,729

 

(-) Allowance for adjustments to net realizable value

 

(3,556

)

(28,813

)

 

 

 

 

 

 

 

 

6,701,404

 

6,332,730

 

 

 

 

 

 

 

 

 

The allowance for adjustment to net realizable value of inventories, on which the provision and write-offs are registered with impact on cost of sales, is as follows:

 

 

Balance as of January 1, 2015

 

(66,363

)

 

 

 

 

Provision for the year

 

(54,987

)

Reversal of adjustments to net realizable value

 

37,451

 

Exchange rate variation

 

(17,222

)

 

 

 

 

Balance as of December 31, 2015

 

(101,121

)

 

 

 

 

Provision for the year

 

(62,899

)

Reversal of adjustments to net realizable value

 

94,391

 

Loss of contro by selling of subsidiary

 

30,105

 

Exchange rate variation

 

10,711

 

 

 

 

 

Balance as of December 31, 2016

 

(28,813

)

 

 

 

 

Provision for the year

 

(26,545

)

Reversal of adjustments to net realizable value

 

46,740

 

Loss of control by joint venture creation (note 3.4)

 

392

 

Assets held for sale (note 3.4)

 

881

 

Exchange rate variation

 

3,789

 

 

 

 

 

Balance as of December 31, 2017

 

(3,556

)