EARNINGS PER SHARE (EPS) (Tables)

12 Months Ended

Dec. 31, 2017

EARNINGS PER SHARE (EPS)

Schedule of earnings per share

	2017
	Common		Preferred		Total
	(in thousands, except share and per share data)
Basic numerator
Allocated net income (loss) available to common and preferred shareholders	(120,267	)	(239,093	)	(359,360	)
Basic denominator
Weighted-average outstanding shares, after deducting the average tresuary shares	571,929,945		1,137,012,265
Earnings per share (in R$) — Basic	(0.21	)	(0.21	)

	2016
	Common		Preferred		Total
	(in thousands, except share and per share data)
Basic numerator
Allocated net income (loss) available to common and preferred shareholders	(969,954	)	(1,920,857	)	(2,890,811	)
Basic denominator
Weighted-average outstanding shares, after deducting the average tresuary shares	571,929,945		1,132,626,373
Earnings per share (in R$) — Basic	(1.70	)	(1.70	)

	2015
	Common		Preferred		Total
	(in thousands, except share and per share data)
Basic numerator
Allocated net income (loss) available to common and preferred shareholders	(1,541,242	)	(3,010,196	)	(4,551,438	)
Basic denominator
Weighted-average outstanding shares, after deducting the average tresuary shares	571,929,945		1,117,034,926
Earnings per share (in R$) — Basic	(2.69	)	(2.69	)