| Trade accounts receivable |
4 Trade accounts receivable
| | |
March 31,
2026 | | |
December 31,
2025 | |
| Current receivables: | |
| | |
| |
| Domestic sales | |
| 2,099,075 | | |
| 2,278,321 | |
| Foreign sales | |
| 1,145,406 | | |
| 1,285,531 | |
| Subtotal | |
| 3,244,481 | | |
| 3,563,852 | |
| Overdue receivables: | |
| | | |
| | |
| From 1 to 30 days | |
| 479,789 | | |
| 577,982 | |
| From 31 to 60 days | |
| 56,433 | | |
| 45,695 | |
| From 61 to 90 days | |
| 31,378 | | |
| 19,669 | |
| Above 90 days | |
| 146,410 | | |
| 104,315 | |
| Expected credit losses | |
| (77,967 | ) | |
| (76,686 | ) |
| Present value adjustment | |
| (3,133 | ) | |
| (2,903 | ) |
| Subtotal | |
| 632,910 | | |
| 668,072 | |
| Trade accounts receivable, net | |
| 3,877,391 | | |
| 4,231,924 | |
Present value adjustment - The Group discounts
its receivables to present value using interest rates directly related to customer credit profiles. The weighted average discount rate
used to calculate the present value of trade accounts receivable on March 31, 2026, was 5.70% per year (5.40% per year on March 31,
2025). Realization of the present value adjustment is recognized in net revenue.
Changes in expected credit losses:
| | |
March 31,
2026 | | |
March 31,
2025 | |
| Balance at the beginning of the period | |
| (76,686 | ) | |
| (89,060 | ) |
| Additions | |
| (2,678 | ) | |
| (12,896 | ) |
| Write-offs/Reversals | |
| 776 | | |
| 2,768 | |
| Exchange rate variation | |
| 621 | | |
| (2,391 | ) |
| Balance at the end of the period | |
| (77,967 | ) | |
| (101,579 | ) |
|