The equity section of Sosa SA appears below as of December 31, 2019.
Net income for 2019 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$12,000,000 (before tax) as a result of discontinued operations. Preference
dividends of R$270,000 were declared and paid in 2019. Dividends of R$1,000,000 were declared and paid to ordinary shareholders in 2019.