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EXPENSES BY NATURE
 12 Months Ended
Dec. 31, 2019
EXPENSES BY NATURE  
EXPENSES BY NATURE

30   EXPENSES BY NATURE

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

December 31,

 

  

2019

  

2018

  

2017

Cost of sales (1)

 

   

 

   

 

   

Personnel expenses

 

(1,374,331)

 

(649,741)

 

(546,090)

Variable cost

 

(10,067,716)

 

(3,197,895)

 

(2,994,349)

Logistics cost

 

(2,776,021)

 

(1,044,899)

 

(963,379)

Depreciation, depletion and amortization

 

(4,290,308)

 

(1,523,935)

 

(1,367,856)

Amortization of fair value adjustment on business combination with Fibria and Facepa

 

(2,844,741)

 

—

 

—

Other

 

 609,635

 

(505,861)

 

(624,630)

 

 

(20,743,482)

 

(6,922,331)

 

(6,496,304)

Selling expenses

 

 

 

 

 

   

Personnel expenses

 

(215,640)

 

(145,844)

 

(106,083)

Services

 

(85,161)

 

(78,227)

 

(45,593)

Logistics cost

 

(618,089)

 

(297,129)

 

(220,944)

Depreciation and amortization

 

(84,018)

 

(4,471)

 

(3,547)

Amortization of fair value adjustment on business combination with Fibria

 

(820,730)

 

—

 

—

Other (2)

 

(81,641)

 

(73,055)

 

(47,158)

 

 

(1,905,279)

 

(598,726)

 

(423,325)

 

 

 

 

 

 

 

General and Administrative expenses

 

 

 

 

 

   

Personnel expenses

 

(642,543)

 

(469,661)

 

(309,019)

Services

 

(323,841)

 

(235,544)

 

(105,522)

Depreciation and amortization

 

(52,830)

 

(34,817)

 

(31,375)

Amortization of fair value adjustment on business combination with Fibria

 

 26,609

 

—

 

—

Other (3)

 

(180,753)

 

(85,187)

 

(83,058)

 

 

(1,173,358)

 

(825,209)

 

(528,974)

 

 

 

 

 

 

 

Other operating (expenses) income net

 

 

 

 

 

   

Rents and leases

 

 5,805

 

—

 

—

Result from sale of other products, net (4)

 

 15,229

 

 8,785

 

 4,765

Result from sale and disposal of property, plant and equipment and biological assets, net

 

(63,454)

 

 4,523

 

 4,700

Result on fair value adjustment of biological assets

 

 185,399

 

(129,187)

 

 192,504

Partial write-off of intangible assets

 

—

 

—

 

(18,845)

Provision for loss and write-off of property, plant and equipment and biological assets

 

—

 

(18,103)

 

(66,707)

Amortization of intangible assets

 

(8,193)

 

(9,947)

 

(8,303)

Receipt of royalties

 

—

 

—

 

 2,603

Judicial agreements

 

—

 

—

 

 20,231

Land conflict agreement

 

—

 

—

 

(11,779)

Insurance reimbursement

 

 7,917

 

—

 

—

Trade agreement credits (5)

 

 87,000

 

 51,846

 

 10,671

Provision for loss of judicial deposits

 

(3,284)

 

—

 

—

Amortization of fair value adjustment on business combination with Fibria, Facepa and Ibema

 

(12,143)

 

—

 

—

Tax credits - gains in tax lawsuit (ICMS from the PIS/COFINS calculation basis) (6)

 

 128,115

 

 335

 

 5,613

Other operating income (expenses), net

 

 63,363

 

(5,127)

 

 5,057

 

 

 405,754

 

(96,875)

 

 140,510

1)

Includes the amount of R$615,394, related to idle capacity and maintenance downtime.

2)

Includes expected credit losses, insurance, materials of use and consumption, expenses with travel, accommodation, participation in trade fairs and events.

3)

Includes corporate expenses, insurance, materials of use and consumption social projects and donations, expenses with travel and accommodation.

4)

Includes depletion from wood sold in the amount of R$5,598 (On December 31, 2018 R$9,869).

5)

The amount refers to the receipt of credits from compulsory loans discussed in lawsuits against Centrais Elétricas Brasileiras S.A. (Eletrobrás).

6)

For further information see Note 9.