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LIABILITIES FOR ASSETS ACQUISITIONS AND SUBSIDIARIES | 6 Months Ended
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Jun. 30, 2020
LIABILITIES FOR ASSETS ACQUISITIONS AND SUBSIDIARIES |
LIABILITIES FOR ASSETS ACQUISITIONS AND SUBSIDIARIES | 23.LIABILITIES FOR ASSETS ACQUISITIONS AND SUBSIDIARIES
|  | June 30, |  | December 31,
|  | 2020 |  | 2019
Lands and forests acquisition |  |  |  |
Real estate receivables certificates (1) |  | 76,286 |  | 78,345
|  | 76,286 |  | 78,345
Business combination |  |  |  |
Facepa (2) |  | 42,952 |  | 42,533
Vale Florestar Fundo de Investimento em Participações ("VFFIP") (3) |  | 538,897 |  | 420,737
|  | 581,849 |  | 463,270
|  | 658,135 |  | 541,615
Current liabilities |  | 127,721 |  | 94,414
Non-current liabilities |  | 530,414 |  | 447,201
| 1) |  | Refers to obligations with the acquisition of land, farms, reforestation and houses built in Maranhão, restated by the IPCA.
| 2) |  | 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.
| 3) |  | 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.

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