The estimated loss with doubtful accounts was set up in an amount deemed sufficient by
Management to cover possible losses on the realization of receivables.
Aiming to achieve the best estimate possible, concerning the realization of such credits,
and therefore duly set up an allowance for estimated losses with doubtful accounts as at
December 31, 2014, the Corporation's Management analyzed particular aspects about its
customers, such as business activity, general credit situation, the market’s economic
situation and notes due for more than 90 days and whose settlement is not considered as
possible.
The Corporation does not have a history of relevant problems with collection, and the
Accounts Receivable Department rates each customer upon acceptance and credit granting.