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LIABILITIES FOR ASSETS ACQUISITIONS AND SUBSIDIARIES
 6 Months Ended
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.