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BIOLOGICAL ASSETS (Tables)
12 Months Ended
Dec. 31, 2019
BIOLOGICAL ASSETS  
Schedule of changes in balances of biological assets

 

 

 

Balances on December 31, 2017

 

4,548,897

Addition

 

1,285,490

Depletion

 

(709,547)

Loss on fair value adjustment

 

(129,187)

Disposal

 

(47,124)

Other write-offs

 

(12,624)

Balances on December 31, 2018

 

4,935,905

Business combination with Fibria (1)

 

4,579,526

Addition

 

2,849,039

Depletion

 

(1,905,118)

Gain on fair value adjustment

 

185,399

Disposal

 

(23,764)

Other write-offs

 

(49,488)

Balances on December 31, 2019

 

10,571,499


1)

Business combination with Fibria and its subsidiaries held on January 3, 2019, Note 1.2.1.

Schedule of main assumptions for calculation of fair value of biological assets

 

 

 

 

  

December 31,

 

 

2019

Planted useful area (hectare)

 

 988,720

Mature assets

 

 86,352

Immature assets

 

 902,368

Average annual growth (IMA) - m3 /hectare /year

 

 38.34

Average gross sale price of eucalyptus - R$/m3

 

 66.81

Discount rate - %

 

8.4%

 

Summary of fair value adjustment of biological assets recognized under other operating income (expense), net

 

 

 

 

  

December 31,

 

 

2019

Physical changes

 

(347,409)

Price

 

532,808

 

 

185,399