XML 69 R43.htm IDEA: XBRL DOCUMENT
v3.21.1

FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Schedule of financial instruments by category |
|  |  |  | December 31, |  | December 31,
|  | Note |  | 2020 |  | 2019
Assets |  |  |  |  |  |
Amortized cost |  |  |  |  |  |
Cash and cash equivalents |  | 5 |  | 6,835,057 |  | 3,249,127
Trade accounts receivable |  | 7 |  | 2,915,206 |  | 3,035,817
Other assets |  |  |  | 974,265 |  | 563,993
|  |  |  | 10,724,528 |  | 6,848,937
Fair value through other comprehensive income |  |  |  |  |  |
Other investments |  | 14 |  | 26,338 |  | 20,048
|  |  |  | 26,338 |  | 20,048
Fair value through profit or loss |  |  |  |  |  |
Derivative financial instruments |  | 4.5.1 |  | 1,341,420 |  | 1,098,972
Marketable securities |  | 6 |  | 2,396,857 |  | 6,330,334
|  |  |  | 3,738,277 |  | 7,429,306
|  |  |  | 14,489,143 |  | 14,298,291
Liabilities |  |  |  |  |  |
Amortized cost |  |  |  |  |  |
Loans, financing and debentures |  | 18.1 |  | 72,899,882 |  | 63,684,326
Lease liabilities |  | 19.2 |  | 5,191,760 |  | 3,984,070
Liabilities for assets acquisitions and subsidiaries |  | 23 |  | 502,228 |  | 541,615
Trade accounts payable |  | 17 |  | 2,361,098 |  | 2,376,459
Other liabilities |  |  |  | 459,684 |  | 578,061
|  |  |  | 81,414,652 |  | 71,164,531
Fair value through profit or loss |  |  |  |  |  |
Derivative financial instruments |  | 4.5.1 |  | 8,117,400 |  | 2,917,913
|  |  |  | 8,117,400 |  | 2,917,913
|  |  |  | 89,532,052 |  | 74,082,444
|  |  |  | 75,042,909 |  | 59,784,153
Summary of estimated fair value of loans and financing |
|  | Yield used |  | December 31, |  | December 31,
|  | to discount |  | 2020 |  | 2019
Quoted in the secondary market |  |  |  |  |  |
In foreign currency |  |  |  |  |  |
Bonds |  | Secondary Market |  | 43,703,482 |  | 30,066,087
Estimated to present value |  |  |  |  |  |
In foreign currency |  |  |  |  |  |
Export credits (“Pre-payment”) |  | LIBOR |  | 20,546,778 |  | 17,213,963
Export credits (“ACC/ACE”) |  | DDI |  |  |  | 575,521
In local currency |  |  |  |  |  |
BNP – Forest Financing |  | DI 1 |  |  |  | 193,646
BNDES – TJLP |  | DI 1 |  | 1,399,177 |  | 1,895,959
BNDES – TLP |  | DI 1 |  | 647,235 |  | 535,812
BNDES – Fixed |  | DI 1 |  | 76,732 |  | 113,979
BNDES – Selic (“Special Settlement and Custody System”) |  | DI 1 |  | 960,215 |  | 693,969
BNDES - Currency basket |  | DI 1 |  | 27,239 |  | 54,420
CRA (“Agribusiness Receivables Certificate”) |  | DI 1/IPCA |  | 3,286,792 |  | 6,039,983
Debentures |  | DI 1 |  | 5,498,793 |  | 5,534,691
FINAME (“Special Agency of Industrial Financing”) |  | DI 1 |  |  |  | 14,168
FINEP (“Financier of Studies and Projects”) |  | DI 1 |  |  |  | 5,138
NCE (“Export Credit Notes”) |  | DI 1 |  | 1,322,813 |  | 1,445,383
NCR (“Rural Credit Notes”) |  | DI 1 |  | 283,702 |  | 288,122
Export credits (“Pre-payment”) |  | DI 1 |  | 1,490,242 |  | 1,464,798
FDCO (“West Center Development Fund”) |  | DI 1 |  |  |  | 571,904
|  |  |  | 79,243,200 |  | 66,707,543
Schedule of contractual maturities of financial liabilities |
|  | December 31,
|  | 2020
|  | Total book |  | Total future |  | Up to 1 |  | 1 - 2 |  | 2 - 5 |  | More than
|  | value |  | value |  | year |  | years |  | years |  | 5 years
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Trade accounts payables |  | 2,361,098 |  | 2,361,098 |  | 2,361,098 |  |  |  |  |  |
Loans, financing and debentures(1) |  | 72,899,882 |  | 101,540,320 |  | 4,034,595 |  | 6,619,518 |  | 36,751,023 |  | 54,135,184
Lease liabilities |  | 5,191,760 |  | 9,552,075 |  | 620,177 |  | 806,560 |  | 2,198,419 |  | 5,926,919
Liabilities for asset acquisitions and subsidiaries |  | 502,228 |  | 573,920 |  | 116,376 |  | 112,155 |  | 253,419 |  | 91,970
Derivative financial instruments(1) |  | 8,117,400 |  | 10,868,858 |  | 1,999,811 |  | 1,296,199 |  | 4,133,320 |  | 3,439,528
Other liabilities |  | 459,684 |  | 459,684 |  | 360,916 |  | 98,768 |  |  |  |
|  | 89,532,052 |  | 125,355,955 |  | 9,492,973 |  | 8,933,200 |  | 43,336,181 |  | 63,593,601
1) The variation is due to the increase in the exchange rate variation in the year ended December 31, 2020.
|  | December 31,
|  | 2019
|  | Total book |  | Total future |  | Up to 1 |  | 1 - 2 |  | 2 - 5 |  | More than
|  | value |  | value |  | year |  | years |  | years |  | 5 years
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Trade accounts payables |  | 2,376,459 |  | 2,376,459 |  | 2,376,459 |  |  |  |  |  |
Loans, financing and debentures |  | 63,684,326 |  | 89,708,210 |  | 8,501,278 |  | 5,692,149 |  | 29,088,292 |  | 46,426,491
Lease liabilities |  | 3,984,070 |  | 7,109,966 |  | 559,525 |  | 1,426,011 |  | 1,186,386 |  | 3,938,044
Liabilities for asset acquisitions and subsidiaries |  | 541,615 |  | 618,910 |  | 103,132 |  | 101,149 |  | 315,989 |  | 98,640
Derivative financial instruments |  | 2,917,913 |  | 8,299,319 |  | 1,488,906 |  | 415,791 |  | 1,258,200 |  | 5,136,422
Other liabilities |  | 578,061 |  | 578,061 |  | 456,338 |  | 121,723 |  |  |  |
|  | 74,082,444 |  | 108,690,925 |  | 13,485,638 |  | 7,756,823 |  | 31,848,867 |  | 55,599,597
Schedule of credit exposures using internal credit grading |
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Low (1) |  | 2,813,038 |  | 2,775,364
Average (2) |  | 54,115 |  | 168,836
High (3) |  | 89,942 |  | 133,613
|  | 2,957,095 |  | 3,077,813
| 1) |  | Current and overdue to 30 days.
| 2) |  | Overdue between 30 and 90 days.
| 3) |  | Overdue more than 90 days.
Schedule of the book value of financial assets representing the exposure to credit risk |
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Cash and cash equivalents |  | 6,835,057 |  | 3,249,127
Marketable securities |  | 2,396,857 |  | 6,330,334
Derivative financial instruments |  | 986,526 |  | 830,426
|  | 10,218,440 |  | 10,409,887
Schedule of credit exposures using external credit grading |
|  | Cash and cash equivalents and |  |
|  | marketable securities |  | Derivative financial instruments
|  | December 31, |  | December 31, |  | December 31, |  | December 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Risk rating (1) |  |  |  |  |  |  |  |
AAA |  |  |  | 190,360 |  | 17,412 |  |
AA- |  |  |  | 56,388 |  | 417,510 |  |
A+ |  |  |  | 606,757 |  | 1,617 |  | 27,363
A |  |  |  | 188,458 |  | 73,135 |  | 165,851
A- |  |  |  | 211,238 |  | 130,546 |  | 222,761
brAAA |  | 7,704,501 |  | 7,153,079 |  | 305,311 |  | 404,693
brAA+ |  | 163,955 |  | 745,177 |  | 32 |  | 9,758
brAA |  | 836,546 |  | 372,188 |  | 40,963 |  |
brAA- |  | 278,712 |  | 23,050 |  |  |  |
brA |  | 240,382 |  | 17,847 |  |  |  |
Others |  | 7,818 |  | 14,919 |  |  |  |
|  | 9,231,914 |  | 9,579,461 |  | 986,526 |  | 830,426
| 1) |  | We use the Brazilian Risk Rating and the rating is given by agencies Fitch Ratings, Standard & Poor’s and Moody’s.
Schedule of net exposure of assets and liabilities in foreign currency |
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Assets |  |  |  |
Cash and cash equivalents |  | 6,370,201 |  | 2,527,834
Trade accounts receivables |  | 1,938,614 |  | 2,027,018
Derivative financial instruments |  | 621,385 |  | 9,440,141
|  | 8,930,200 |  | 13,994,993
Liabilities |  |  |  |
Trade accounts payables |  | (492,617) |  | (1,085,207)
Loans and financing |  | (58,145,087) |  | (45,460,138)
Liabilities for asset acquisitions and subsidiaries |  | (313,022) |  | (288,172)
Derivative financial instruments |  | (6,994,363) |  | (11,315,879)
|  | (65,945,089) |  | (58,149,396)
Net liability exposure |  | (57,014,889) |  | (44,154,403)
Summary of yield curves used to calculate fair value of derivative financial instruments | The yield curves used to calculate the fair value in December 31, 2020, are as set forth below:
Interest rate curves |  |  |
Term |  | Brazil |  | United States of America |  | Dollar coupon |
1 month |  | 1.92 % p.a. |  | 0.14 % p.a. |  | 4.95 % p.a. |
6 months |  | 2.11 % p.a. |  | 0.20 % p.a. |  | 1.56 % p.a. |
1 year |  | 2.86 % p.a. |  | 0.19 % p.a. |  | 1.20 % p.a. |
2 years |  | 4.19 % p.a. |  | 0.20 % p.a. |  | 1.01 % p.a. |
3 years |  | 5.08 % p.a. |  | 0.25 % p.a. |  | 0.99 % p.a. |
5 years |  | 6.05 % p.a. |  | 0.44 % p.a. |  | 1.16 % p.a. |
10 years |  | 7.20 % p.a. |  | 0.95 % p.a. |  | 1.56 % p.a. |
Schedule of derivatives by type of contract |
|  | Notional value in U.S.$ |  | Fair value
|  | December 31, |  | December 31, |  | December 31, |  | December 31,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Instruments contracted with protection strategy |  |  |  |  |  |  |  |
Operational Hedge |  |  |  |  |  |  |  |
Zero Cost Collar (1) |  | 3,212,250 |  | 3,425,000 |  | (780,457) |  | 67,078
NDF (R$ x US$) |  | 80,000 |  |  |  | 7,948 |  |
Debt hedge |  |  |  |  |  |  |  |
Interest rate hedge |  |  |  |  |  |  |  |
Swap LIBOR to Fixed (U.S.$) (1) |  | 3,683,333 |  | 2,750,000 |  | (1,059,192) |  | (444,910)
Swap IPCA to CDI (notional in Reais) |  | 843,845 |  | 843,845 |  | 285,533 |  | 233,255
Swap IPCA to Fixed (U.S.$) |  | 121,003 |  | 121,003 |  | (114,834) |  | 30,544
Swap CDI x Fixed (U.S.$) (1) |  | 2,267,057 |  | 3,115,614 |  | (4,977,309) |  | (1,940,352)
Pre-fixed Swap to U.S.$ (U.S.$) |  | 350,000 |  | 350,000 |  | (508,328) |  | (33,011)
Commodity Hedge |  |  |  |  |  |  |  |
Swap US-CPI standing wood (U.S.$) (2) |  | 646,068 |  | 679,485 |  | 354,900 |  | 268,547
Swap VLSFO/Brent |  | 37,757 |  | 365 |  | 15,759 |  | (92)
|  |  |  |  |  | (6,775,980) |  | (1,818,941)
Current assets |  |  |  |  |  | 484,043 |  | 260,273
Non-current assets |  |  |  |  |  | 857,377 |  | 838,699
Current liabilities |  |  |  |  |  | (1,991,118) |  | (893,413)
Non-current liabilities |  |  |  |  |  | (6,126,282) |  | (2,024,500)
|  |  |  |  |  | (6,775,980) |  | (1,818,941)
1)The variation is due to the increase in the exchange rate in the year ended December 31, 2020. 2)The embedded derivative refers to swap contracts for the sale of US-CPI variations within the term of the forest partnership and standing wood supply contracts.
Schedule of maturity analysis for derivatives |
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
2020 |  |  |  | (633,644)
2021 |  | (1,507,075) |  | 98,850
2022 |  | (918,030) |  | (154,734)
2023 |  | (433,195) |  | 185,209
2024 |  | (705,859) |  | (197,718)
2025 |  | (1,684,124) |  | (606,827)
2026 onwards |  | (1,527,697) |  | (510,077)
|  | (6,775,980) |  | (1,818,941)
Schedule of long and short positions of outstanding derivatives |
|  | Notional value |  | Fair value
|  |  |  | December 31, |  | December 31, |  | December 31, |  | December 31,
|  | Currency |  | 2020 |  | 2019 |  | 2020 |  | 2019
Debt hedge |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |
Swap CDI x Fixed (U.S.$) |  | R$ |  | 8,594,225 |  | 11,498,565 |  | 719 |  | 11,673,117
Swap Pre-Fixed to U.S.$ (U.S.$) |  | R$ |  | 1,317,226 |  | 1,317,226 |  | 136,192 |  | 1,478,336
Swap LIBOR x Fixed (U.S.$) |  | US$ |  | 3,683,333 |  | 2,750,000 |  | 61,120 |  | 11,063,970
Swap IPCA x CDI |  | IPCA |  | 974,102 |  | 933,842 |  | 285,533 |  | 1,093,067
Swap IPCA x U.S.$ |  | IPCA |  | 520,973 |  | 499,441 |  |  |  | 579,307
|  |  |  |  |  |  |  | 483,564 |  | 25,887,797
Liabilities |  |  |  |  |  |  |  |  |  |
Swap CDI x Fixed (U.S.$) |  | US$ |  | 2,267,057 |  | 3,115,614 |  | (4,978,028) |  | (13,613,469)
Swap LIBOR x Fixed (U.S.$) |  | US$ |  | 350,000 |  | 350,000 |  | (644,520) |  | (1,511,347)
Swap LIBOR x Fixed (U.S.$) |  | US$ |  | 3,683,333 |  | 2,750,000 |  | (1,120,312) |  | (11,508,880)
Swap IPCA x CDI |  | R$ |  | 843,845 |  | 843,845 |  |  |  | (859,812)
Swap IPCA x U.S.$ |  | US$ |  | 121,003 |  | 121,003 |  | (114,834) |  | (548,763)
|  |  |  |  |  |  |  | (6,857,694) |  | (28,042,271)
|  |  |  |  |  |  |  | (6,374,130) |  | (2,154,474)
Operational hedge |  |  |  |  |  |  |  |  |  |
Zero cost collar (U.S.$ x R$) |  | US$ |  | 3,212,250 |  | 3,425,000 |  | (780,457) |  | 67,078
NDF (R$ x U.S.$) |  | US$ |  | 80,000 |  |  |  | 7,948 |  |
|  |  |  |  |  |  |  | (772,509) |  | 67,078
Commodity hedge |  |  |  |  |  |  |  |  |  |
Swap US-CPI (standing wood) |  | US$ |  | 646,068 |  | 679,485 |  | 354,900 |  | 268,547
Swap VLSFO/Brent |  | US$ |  | 37,757 |  | 365 |  | 15,759 |  | (92)
|  |  |  |  |  |  |  | 370,659 |  | 268,455
|  |  |  |  |  |  |  | (6,775,980) |  | (1,818,941)
Schedule of settled derivatives |
|  | December 31, |  | December 31,
|  | 2020 |  | 2019
Operational hedge |  |  |  |
Zero cost collar (R$ x U.S.$) |  | (2,268,158) |  | (104,040)
NDF (R$ x U.S.$) |  | (60,815) |  | 63,571
|  | (2,328,973) |  | (40,469)
Commodity hedge |  |  |  |
Swap Bunker (oil) |  | (85,468) |  | 3,804
|  | (85,468) |  | 3,804
Debt hedge |  |  |  |
Swap CDI x Fixed (U.S.$) |  | (1,888,906) |  | (68,362)
Swap IPCA x CDI |  | 10,601 |  | 23,024
Swap IPCA x USD |  | 10,054 |  |
Swap Pre-Fixed to U.S.$ (U.S.$) |  | 59,351 |  | (26,358)
Swap LIBOR x Fixed (U.S.$) |  | (242,299) |  | (27,088)
|  | (2,051,199) |  | (98,784)
|  | (4,465,640) |  | (135,449)
Schedule of fair value hierarchy |
|  | December 31,
|  | 2020
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |
Fair value through profit or loss |  |  |  |  |  |  |  |
Derivative financial instruments |  |  |  | 1,341,420 |  |  |  | 1,341,420
Marketable securities |  | 444,712 |  | 1,952,145 |  |  |  | 2,396,857
|  | 444,712 |  | 3,293,565 |  |  |  | 3,738,277
Fair value through other comprehensive income |  |  |  |  |  |  |  |
Other investments - CelluForce |  |  |  |  |  | 26,338 |  | 26,338
|  |  |  |  |  | 26,338 |  | 26,338
Biological assets |  |  |  |  |  | 11,161,210 |  | 11,161,210
|  |  |  |  |  | 11,161,210 |  | 11,161,210
Total assets |  | 444,712 |  | 3,293,565 |  | 11,187,548 |  | 14,925,825
Liabilities |  |  |  |  |  |  |  |
Fair value through profit or loss |  |  |  |  |  |  |  |
Derivative financial instruments |  |  |  | 8,117,400 |  |  |  | 8,117,400
|  |  |  | 8,117,400 |  |  |  | 8,117,400
Total liabilities |  |  |  | 8,117,400 |  |  |  | 8,117,400
|  | December 31,
|  | 2019
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets |  |  |  |  |  |  |  |
Fair value through profit or loss |  |  |  |  |  |  |  |
Derivative financial instruments |  |  |  | 1,098,972 |  |  |  | 1,098,972
Marketable securities |  | 1,631,319 |  | 4,699,015 |  |  |  | 6,330,334
|  | 1,631,319 |  | 5,797,987 |  |  |  | 7,429,306
Fair value through other comprehensive income |  |  |  |  |  |  |  |
Other investments - CelluForce |  |  |  |  |  | 20,048 |  | 20,048
|  |  |  |  |  | 20,048 |  | 20,048
Biological assets |  |  |  |  |  | 10,571,499 |  | 10,571,499
|  |  |  |  |  | 10,571,499 |  | 10,571,499
Total assets |  | 1,631,319 |  | 5,797,987 |  | 10,591,547 |  | 18,020,853
Liabilities |  |  |  |  |  |  |  |
Fair value through profit or loss |  |  |  |  |  |  |  |
Derivative financial instruments |  |  |  | 2,917,913 |  |  |  | 2,917,913
|  |  |  | 2,917,913 |  |  |  | 2,917,913
Total liabilities |  |  |  | 2,917,913 |  |  |  | 2,917,913
Currency Risk | Financial instruments, excluding derivatives |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis |
|  | December 31,
|  | 2020
|  | Effect on profit or loss and equity
|  | Probable |  | Possible |  | Remote
|  | (base value) |  | (25%) |  | (50%)
Cash and cash equivalents |  | 6,370,201 |  | 1,592,550 |  | 3,185,101
Trade accounts receivable |  | 1,938,614 |  | 484,654 |  | 969,307
Trade accounts payable |  | (492,617) |  | (123,154) |  | (246,309)
Loans and financing |  | (58,145,087) |  | (14,536,272) |  | (29,072,544)
Liabilities for asset acquisitions and subsidiaries |  | (313,022) |  | (78,256) |  | (156,511)
Currency Risk | Derivative financial instruments |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis |
|  | December 31,
|  | 2020
|  | Effect on profit or loss and equity
|  | Probable |  | Possible |  | Remote |  | Possible |  | Remote
|  | (base value) |  | (+25%) |  | (+50%) |  | (-25%) |  | (-50%)
|  | 5.1967 |  | 6.4959 |  | 7.7951 |  | 3.8975 |  | 2.5984
Financial instruments derivatives |  |  |  |  |  |  |  |  |  |
Derivative Non-Deliverable Forward (‘NDF’) |  | 7,948 |  | (102,756) |  | (205,512) |  | 102,756 |  | 205,512
Derivative options |  | (780,896) |  | (3,386,080) |  | (7,232,365) |  | 3,253,805 |  | 7,301,982
Derivative swaps |  | (6,503,859) |  | (4,436,537) |  | (8,873,083) |  | 4,436,554 |  | 8,873,100
Interest rate risk | Financial instruments, excluding derivatives |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis |
|  | December 31,
|  | 2020
|  | Effect on profit or loss and equity
|  |  |  | Possible |  | Remote
|  | Probable |  | (25%) |  | (50%)
CDI/SELIC |  |  |  |  |  |
Cash and cash equivalents |  | 115,032 |  | 546 |  | 1,093
Marketable securities |  | 2,396,857 |  | 11,385 |  | 22,770
Loans and financing |  | 9,715,511 |  | 46,149 |  | 92,297
TJLP |  |  |  |  |  |
Loans and financing |  | 1,553,635 |  | 17,673 |  | 35,345
LIBOR |  |  |  |  |  |
Loans and financing |  | 18,923,543 |  | 11,277 |  | 22,555
Interest rate risk | Derivative financial instruments |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis |
|  | December 31,
|  | 2020
|  | Effect on profit or loss and equity
|  |  |  | Probable |  | Remote |  | Probable |  | Remote
|  | Probable |  | (+25%) |  | (+50%) |  | (-25%) |  | (-50%)
CDI |  |  |  |  |  |  |  |  |  |
Financial instruments derivatives |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |
Derivative Non-Deliverable Forward (‘NDF’) |  | 7,948 |  | (2,409) |  | (4,786) |  | 2,442 |  | 4,916
Derivative options |  | (780,896) |  | (43,105) |  | (85,545) |  | 43,800 |  | 88,323
Derivative swaps |  | (6,503,859) |  | (22,941) |  | (45,441) |  | 23,367 |  | 47,086
LIBOR |  |  |  |  |  |  |  |  |  |
Financial instruments derivatives |  |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |
Derivative swaps |  | (6,503,859) |  | 45,349 |  | 90,699 |  | (45,364) |  | (90,726)
U.S. Consumer Price Index | Derivative financial instruments |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis |
|  | December 31,
|  | 2020
|  | Impact of an increase/decrease of
|  | US-CPI on the fair value
|  | Probable |  | Possible |  | Remote
|  | (base value) |  | (25%) |  | (50%)
|  | 2.16% |  | 2.70% |  | 3.24%
Embedded derivative in forestry partnership and standing wood supply agreements |  | 354,900 |  | (158,373) |  | (324,287)
Commodity price risk |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis |
|  | December 31,
|  | 2020
|  | Impact of an increase/decrease of price risk
|  | Probable |  |  |  |
|  | (base value) |  | Possible (25%) |  | Remote (50%)
VLSFO/Brent derivative |  | 15,759 |  | 43,614 |  | 87,227

X
- Definition The disclosure of an analysis of credit exposures using an external credit grading system. [Refer: Credit exposure; External credit grades [member]] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2021-01-01 -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph IG23 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_IG23_a&doctype=Implementation%20Guidance&book=b -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2021-01-01 -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 36 -Subparagraph c -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_36_c&doctype=Standard&book=b -URIDate 2020-01-01 + Details
Name: | ifrs-full_AnalysisOfCreditExposuresUsingExternalCreditGradingSystemExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of an analysis of credit exposures using an internal credit grading system. [Refer: Credit exposure; Internal credit grades [member]] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2021-01-01 -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph IG23 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_IG23_a&doctype=Implementation%20Guidance&book=b -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2021-01-01 -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 36 -Subparagraph c -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_36_c&doctype=Standard&book=b -URIDate 2020-01-01 + Details
Name: | ifrs-full_AnalysisOfCreditExposuresUsingInternalCreditGradingSystemExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of credit risk. [Refer: Credit risk [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Section Credit risk -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IFRS07_g35A-38_TI -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfCreditRiskExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about financial instruments. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 31 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_31&doctype=Standard -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_7&doctype=Standard -URIDate 2020-01-01 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 35K -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_35K&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the effect of changes in foreign exchange rates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 21 -IssueDate 2020-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=21&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IAS21_g51-57_TI -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for fair value measurement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2020-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2020-en-r&doctype=Standard&dita_xref=IFRS13_g91-99_TI -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfFinancialInstrumentsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of liquidity risk. [Refer: Liquidity risk [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DisclosureOfLiquidityRiskExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the sensitivity analysis for types of market risk to which the entity is exposed, showing how profit or loss and equity would have been affected by changes in the relevant risk variable that were reasonably possible at that date. [Refer: Market risk [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 40 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_40_a&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the fair value measurement of assets and liabilities. + References No definition available. + Details
Name: | suzby_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | suzby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a maturity analysis for derivative financial assets (liabilities), net. + References No definition available. + Details
Name: | suzby_DisclosureOfMaturityAnalysisForDerivativeFinancialAssetsLiabilitiesNetTableTextBlock
Namespace Prefix: | suzby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of long and short positions of derivative financial instruments + References No definition available. + Details
Name: | suzby_DisclosureOfPositionsOfDerivativeFinancialInstrumentsTableTextBlock
Namespace Prefix: | suzby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of settled derivatives. + References No definition available. + Details
Name: | suzby_DisclosureOfSettledDerivativesTableTextBlock
Namespace Prefix: | suzby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of quantitative information about the inputs used in the fair value measurement of assets and liabilities. + References No definition available. + Details
Name: | suzby_FairValueInputsAssetsAndLiabilitiesQuantitativeInformationTableTextBlock
Namespace Prefix: | suzby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_CurrencyRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=suzby_FinancialInstrumentsExcludingDerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_DerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_InterestRateRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_OtherPriceRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_TypesOfRisksAxis=ifrs-full_CommodityPriceRiskMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |