| Profit before taxes and non-controlling interest |
|
3,743,118 |
3,244,794 |
| Adjustments to profit |
|
|
|
| Amortisation and depreciation |
(6) |
1,021,717 |
904,887 |
| Foreign exchange translation differences |
|
(15,717) |
(117,039) |
| Provisions for impairment |
|
15,269 |
6,119 |
| Results from companies consolidated by equity method |
(16) |
(55,607) |
(32,125) |
| Other |
|
165,935 |
49,824 |
| Income tax |
|
(977,349) |
(707,232) |
|
|
|
|
| Funds from operations |
|
3,897,366 |
3,349,228 |
| Variation in assets and liabilities |
|
|
|
| Inventories |
|
(425,134) |
(243,904) |
| Receivables and other current assets |
|
187,222 |
(67,349) |
| Current payables |
|
840,074 |
209,531 |
| Changes in working capital |
|
602,162 |
(101,722) |
|
|
|
|
| Cash flows from operating activities |
|
4,499,528 |
3,247,506 |
| Investments in intangible assets |
|
(164,301) |
(166,740) |
| Investments in property, plant and equipment |
|
(1,353,610) |
(1,629,523) |
| Acquisition of other financial investments |
|
22,308 |
29,224 |
| Payments relating investment in other assets |
(17) |
(72,891) |
(81,553) |
| Collections relating investment in other assets |
(17) |
16,422 |
- |
| Changes in current financial investments |
|
(863,606) |
1,455 |
| Cash flows from investing activities |
|
(2,415,678) |
(1,847,136) |
| Collections relating to non-current financial debt |
|
- |
1,653 |
| Payments relating to non-current financial debt |
|
(2,929) |
- |
| Collections/(Payments) relating to acquisitions of treasury shares |
|
- |
(26,861) |
| Collections/(Payments) relating to current financial debt |
|
4,907 |
6,418 |
| Dividends |
|
(1,625,949) |
(1,510,371) |
| Cash flows used in financing activities |
|
(1,623,971) |
(1,529,161) |
| Net increase in cash and cash equivalents |
|
459,879 |
(128,791) |
| Cash and cash equivalents at the beginning of the year |
(19) |
3,797,930 |
3,846,726 |
| Effect of exchange rate fluctuations on cash and cash equivalents |
|
(32,282) |
79,995 |