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LIABILITIES FOR ASSETS ACQUISITIONS AND SUBSIDIARIES (Tables)
12 Months Ended
Dec. 31, 2019
LIABILITIES FOR ASSETS ACQUISITIONS AND SUBSIDIARIES  
Schedule of liabilities for assets acquisitions

 

  

December 31,

  

December 31,

 

 

2019

 

2018

Lands and forests acquisition

 

 

 

 

Real estate receivables certificates (1)

 

78,345

 

91,085

Duratex (2)

 

 —

 

385,397

 

 

78,345

 

476,482

Business combination

 

 

 

 

Facepa (3)

 

42,533

 

41,185

Vale Florestar Fundo de Investimento em Participações ("VFFIP") (4)

 

420,737

 

474,845

 

 

463,270

 

516,030

 

 

541,615

 

992,512

 

 

 

 

 

Current liabilities

 

94,414

 

476,954

Non-current liabilities

 

447,201

 

515,558


1)

Refers to obligations with the acquisition of land, farms, reforestation and houses built in Maranhão, restated by the IPCA.

2)

Refers to the commitments related to the acquisition of rural properties and forests (biological assets), restated by the IPCA settled in August 2019.

3)

Acquired in March 2018, for the amount of R$307,876, upon payment of R$267,876 and the remaining restated at the Amplified Consumer Price Index (“IPCA”), adjusted by any losses incurred through the payment date, with maturities in March 2023 and March 2028.

4)

On August 2014, the Company acquired the Vale Florestar S.A. through VFFIP, for the total amount of R$528,941 with a upon payment of R$44,998 and remaining with maturity to August 2029. The monthly settlements are subject to interest and restated at the variation of the U.S. dollar exchange rate and partially restated by variation of the IPCA.