| Schedule of Trade Accounts Receivable |
The age of accounts receivable
along with the expected credit losses and present value adjustment are as follows:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| Current receivables | |
| | |
| |
| Domestic
sales | |
| 2,278,321 | | |
| 1,994,667 | |
| Foreign
sales | |
| 1,285,531 | | |
| 1,176,603 | |
| Subtotal | |
| 3,563,852 | | |
| 3,171,270 | |
| Overdue receivables: | |
| | | |
| | |
| From 1 to 30 days | |
| 577,982 | | |
| 444,687 | |
| From 31 to 60 days | |
| 45,695 | | |
| 61,314 | |
| From 61 to 90 days | |
| 19,669 | | |
| 20,603 | |
| Above 90 days | |
| 104,315 | | |
| 130,845 | |
| Expected credit losses | |
| (76,685 | ) | |
| (89,060 | ) |
| Present value adjustment
(1) | |
| (2,904 | ) | |
| (4,119 | ) |
| Subtotal | |
| 668,072 | | |
| 564,270 | |
| Trade
accounts receivable, net | |
| 4,231,924 | | |
| 3,735,540 | |
| (1) | The receivables are adjusted to present value using the interest rates applicable to the Group contracts present value using interest rates directly related to customer credit profiles. |
|
| Schedule of Changes in Expected Credit Losses |
Below are the changes in the allowance for expected credit losses:
| Changes in expected credit losses: | |
| | |
| |
| | |
December 31,
2025 | | |
December 31,
2024 | | |
December 31,
2023 | |
| Balance
at the beginning of the year | |
| (89,060 | ) | |
| (84,913 | ) | |
| (82,636 | ) |
| Additions | |
| (31,732 | ) | |
| (17,195 | ) | |
| (9,906 | ) |
| Write-offs/Reversals | |
| 49,485 | | |
| 7,684 | | |
| 9,580 | |
| Exchange rate variation | |
| (5,379 | ) | |
| 5,364 | | |
| (1,951 | ) |
| Balance
at the end of the year | |
| (76,686 | ) | |
| (89,060 | ) | |
| (84,913 | ) |
|