XML 92 R21.htm IDEA: XBRL DOCUMENT
v3.20.1

INVESTMENTS | 12 Months Ended
--- | ---
Dec. 31, 2019
INVESTMENTS |
INVESTMENTS | 14.INVESTMENTS 14.1.Investments breakdown
|  | December 31, |  | December 31,
|  | 2019 |  | 2018
Investments in associates and joint ventures |  | 140,934 |  | 14,338
Goodwill |  | 161,464 |  | —
Other investments evaluated at fair value through other comprehensive income |  | 20,048 |  | —
|  | 322,446 |  | 14,338
14.2.Investments in associates and joint ventures
|  | Information of joint ventures as of |  |  | Company Participation
|  | December 31, |  |  |  |  |
|  | 2019 |  |  | In equity |  | In the income of the year
|  |  |  | Income |  | Participation |  |  |  |  |  |  |  |  |
|  |  |  | of the |  | equity |  |  | December 31, |  | December 31, |  | December 31, |  | December 31,
|  | Equity |  | year |  | (%) |  |  | 2019 |  | 2018 |  | 2019 |  | 2018
Associate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ensyn Corporation (1) |  | 252 |  | (268) |  | 25.30 | % |  | 21,437 |  | — |  | 12,860 |  | —
Spinnova (1) |  |  |  |  |  | 24.06 | % |  | 86,969 |  | — |  | (1,332) |  | —
|  |  |  |  |  |  |  |  | 108,406 |  | — |  | 11,528 |  | —
Joint ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ibema |  |  |  |  |  | 49.90 | % |  | 28,487 |  | 14,338 |  | 20,307 |  | 8,676
F&E Technologies LLC |  |  |  |  |  | 50.00 | % |  | 4,041 |  |  |  | 134 |  |
|  |  |  |  |  |  |  |  | 32,528 |  | 14,338 |  | 20,441 |  | 8,676
|  |  |  |  |  |  |  |  | 140,934 |  | 14,338 |  | 31,969 |  | 8,676
| 1) |  | Investment by which the Company has had significant influence and, therefore, value by the equity method, Note 3.1.5.
14.3.Business combination with Fibria To determine the accounting criteria for recording this transaction with Fibria, we observed the provisions of IFRS 3 – Business Combination. The direct costs related to the operation, recorded directly in general and administrative expenses for the year when incurred, totaled approximately R$100,387, substantially consisting of expenses with legal fees, auditing and other consulting services. The net assets were evaluated by Management and an independent appraiser was hired to assist in determining their fair values. The methodology adopted for the determination of fair value adjustments on business combination with Fibria is described in Note 1.2.1. The assets and liabilities were evaluated by Management and an independent appraiser was hired to assist in determining the fair values, and some qualified for booking in accordance with IAS 38 – Intangible Assets. As disclosed in note 1.1, on January 3, 2019, Suzano has acquired the control of Fibria. The assets acquired and liabilities assumed at the fair value are set forth below in millions of Brazilian Reais:
|  | Fair value |  |  |  | Fair value
Assets |  |  |  | Liabilities |  |
Current |  |  |  | Current |  |
Cash and cash equivalents |  | 1,795 |  | Loans and financing |  | 3,136
Marketable securities |  | 4,316 |  | Derivative financial instruments |  | 276
Derivative financial instruments |  | 211 |  | Lease liabilities |  | 376
Trade accounts receivable |  | 1,302 |  | Trade accounts payable |  | 3,427
Inventories |  | 6,187 |  | Payroll and charges |  | 402
Recoverable taxes |  | 261 |  | Taxes payable |  | 129
Other assets |  | 213 |  | Dividends payable |  | 6
|  |  |  | Other liabilities |  | 126
Total current assets |  | 14,285 |  | Total current liabilities |  | 7,878
Non-current |  |  |  | Non-current |  |
Marketable securities |  | 173 |  | Loans and financing |  | 17,591
Derivative financial instruments |  | 455 |  | Lease liabilities |  | 2,599
Recoverable taxes |  | 988 |  | Derivative financial instruments |  | 126
Advances to suppliers |  | 604 |  | Provision for contingencies, net |  | 3,182
Judicial deposits |  | 210 |  | Deferred taxes |  | 558
Deferred taxes |  | 1,567 |  | Other liabilities |  | 251
Other assets |  | 227 |  |  |  |
|  | 4,224 |  | Total non-current liabilities |  | 24,307
Investments |  | 200 |  | Total liabilities |  | 32,185
Biological assets |  | 4,580 |  |  |  |
Property, plant and equipment |  | 24,961 |  |  |  |
Right of use |  | 2,916 |  |  |  |
Intangible assets |  |  |  |  |  |
Other intangible assets |  | 309 |  |  |  |
Customer portfolio |  | 9,031 |  |  |  |
Software |  | 21 |  |  |  |
Cultivars |  | 143 |  |  |  |
Supplier agreements |  | 172 |  | Equity |  |
Port concession |  | 749 |  |  |  |
Fair value adjustment of lease agreements |  | 44 |  | Shareholders' equity |  | 37,236
Goodwill |  | 7,897 |  |  |  |
|  | 51,023 |  | Non-controlling interest |  | 111
Total non-current assets |  | 55,247 |  | Total equity |  | 37,347
Total asset |  | 69,532 |  | Total liabilities and shareholders' equity |  | 69,532
During the measurement process of the assets acquired and liabilities assumed at the fair value, the Company has identified adjustments to the fair value of some assets and liabilities, as described below, however there were no changes in the goodwill amount. (i)An adjustment in the amount of R$72 million in the opening balance of the measurement of right of use and lease liabilities; (ii)Reclassification of financing leasing liability in the amount of R$142 million to lease liabilities that were previously classified as other liabilities; and (iii)Reclassification of financing leasing assets in the amount of R$83 million to lease rights that were previously classified as PP&E.

X
- Definition The disclosure of investments accounted for using the equity method. [Refer: Investments accounted for using equity method] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_InvestmentsInSubsidiariesJointVenturesAndAssociatesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration