| NOTES | 2018 | 2017 | |||
|---|---|---|---|---|---|
| Net income of the year | $ | 1,355,360 | $ | 1,677,299 | |
| Other comprehensive income (loss) items: | |||||
| Item that can be potentially reclassified to net income of the year: | |||||
| Valuation of derivative financial instruments, net of taxes | 66,220 | 37,474 | |||
| Cumulative translation adjustments | 18 h | (482,624) | (33,196) | ||
| (416,404) | 4,278 | ||||
| Item that cannot be potentially reclassified to net income of the year: | |||||
| Actuarial remeasurements of defined benefits obligation | 17 | 3,547 | (19,838) |
||
| 3,547 | (19,838) |
||||
| Total other comprehensive items | (412,857) | (15,560) |
|||
| Total comprehensive income of the year | $ | 942,503 | $ | 1,661,739 |
See accompanying notes to these consolidated financial statements.