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COMPANY'S OPERATIONS (Tables) | 12 Months Ended
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Dec. 31, 2020
Summary of equity interest in the entities |
|  |  |  |  |  |  |  |  |  | % equity interest |
|  |  |  |  |  | Type of |  | Accounting |  | December 31, |  | December 31, |
Entity |  | Main activity |  | Country |  | investment |  | method |  | 2020 |  | 2019 |
AGFA – Com. Adm. e Participações Ltda. (1) |  | Holding |  | Brazil |  | Direct |  | Consolidated |  |  |  | 100.00 | %
Asapir Produção Florestal e Comércio Ltda. (1) |  | Eucalyptus cultivation |  | Brazil |  | Direct |  | Consolidated |  |  |  | 100.00 | %
Celluforce Inc. |  | Nanocrystalline pulp research and development |  | Canada |  | Direct |  | Fair value through other comprehensive income |  | 8.30 | % | 8.30 | %
Comercial e Agrícola Paineiras Ltda. (1) |  | Lease of reforestation land |  | Brazil |  | Direct |  | Consolidated |  |  |  | 99.99 | %
Ensyn Corporation |  | Biofuel research and development |  | United States of America |  | Direct |  | Equity |  | 25.30 | % | 25.30 | %
F&E Technologies LLC |  | Biofuel production, except alcohol |  | United States of America |  | Direct |  | Equity |  | 50.00 | % | 50.00 | %
F&E Tecnologia do Brasil S.A. (2) |  | Biofuel production, except alcohol |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Facepa - Fábrica de Papel da Amazônia S.A. (1) |  | Industrialization and commercialization of tissue paper |  | Brazil |  | Direct /Indirect |  | Consolidated |  |  |  | 92.80 | %
Fibria Celulose (USA) Inc. |  | Business office |  | United States of America |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Fibria Overseas Finance Ltd. |  | Financial fundraising |  | Cayman Island |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Fibria Terminais Portuários S.A. (1) |  | Port operation |  | Brazil |  | Direct |  | Consolidated |  |  |  | 100.00 | %
Fibria Terminal de Celulose de Santos SPE S.A. |  | Port operation |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
FuturaGene AgriDev Xinjiang Company Ltd. |  | Biotechnology research and development |  | China |  | Indirect |  | Consolidated |  | 100.00 | % | 100.00 | %
FuturaGene Biotechnology Shangai Company Ltd. |  | Biotechnology research and development |  | China |  | Indirect |  | Consolidated |  | 100.00 | % | 100.00 | %
FuturaGene Brasil Tecnologia Ltda. (1) |  | Biotechnology research and development |  | Brazil |  | Direct /Indirect |  | Consolidated |  |  |  | 100.00 | %
FuturaGene Delaware Inc. |  | Biotechnology research and development |  | United States of America |  | Indirect |  | Consolidated |  | 100.00 | % | 100.00 | %
FuturaGene Hong Kong Ltd. |  | Biotechnology research and development |  | Hong Kong |  | Indirect |  | Consolidated |  | 100.00 | % | 100.00 | %
FuturaGene Inc. |  | Biotechnology research and development |  | United States of America |  | Indirect |  | Consolidated |  | 100.00 | % | 100.00 | %
FuturaGene Israel Ltd. |  | Biotechnology research and development |  | Israel |  | Indirect |  | Consolidated |  | 100.00 | % | 100.00 | %
FuturaGene Ltd. |  | Biotechnology research and development |  | England |  | Indirect |  | Consolidated |  | 100.00 | % | 100.00 | %
Gansu FuturaGene Biotech Co. Ltd. (3) |  | Biotechnology research and development |  | China |  | Indirect |  | Consolidated |  |  |  | 100.00 | %
Ibema Companhia Brasileira de Papel |  | Industrialization and commercialization of paperboard |  | Brazil |  | Direct |  | Equity |  | 49.90 | % | 49.90 | %
Itacel - Terminal de Celulose de Itaqui S.A. |  | Port operation |  | Brazil |  | Indirect |  | Consolidated |  | 100.00 | % | 100.00 | %
Maxcel Empreendimentos e Participações S.A. |  | Holding |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Mucuri Energética S.A. |  | Power generation and distribution |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Ondurman Empreendimentos Imobiliários Ltda. (1) |  | Lease of reforestation land |  | Brazil |  | Direct /Indirect |  | Consolidated |  |  |  | 100.00 | %
Paineiras Logística e Transportes Ltda. |  | Road freight transport |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Portocel - Terminal Espec. Barra do Riacho S.A. |  | Port operation |  | Brazil |  | Direct |  | Consolidated |  | 51.00 | % | 51.00 | %
Projetos Especiais e Investimentos Ltda. |  | Commercialization of equipment and parts |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Rio Verde Participações e Propriedades Rurais S.A. (4) |  | Forest assets |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
SFBC Participações Ltda. (5) |  | Packaging production |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % |  |
Spinnova OY (6) |  | Research and development of sustainable raw materials (wood) for the textile industry |  | Finland |  | Direct |  | Equity |  | 23.44 | % | 24.06 | %
Stenfar S.A. Indl. Coml. Imp. Y. Exp. (7) |  | Commercialization of computer paper and materials |  | Argentina |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Suzano Austria GmbH. |  | Business office |  | Austria |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Suzano Canada Inc. |  | Lignin research and development |  | Canada |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Suzano International Trade GmbH. |  | Business office |  | Austria |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Suzano Operações Industriais e Florestais S.A. (8) |  | Industrialization, commercialization and exportation of pulp |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % |  |
Suzano Participações do Brasil Ltda. (9) |  | Holding |  | Brazil |  | Direct |  | Consolidated |  | 100.00 | % |  |
Suzano Pulp and Paper America Inc. |  | Business office |  | United States of America |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Suzano Pulp and Paper Europe S.A. |  | Business office |  | Switzerland |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Suzano Shanghai Ltd. (10) |  | Business office |  | China |  | Direct |  | Consolidated |  | 100.00 | % |  |
Suzano Trading International KFT |  | Business office |  | Hungary |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Suzano Trading Ltd. |  | Business office |  | Cayman Island |  | Direct |  | Consolidated |  | 100.00 | % | 100.00 | %
Veracel Celulose S.A. (11) |  | Industrialization, commercialization and exportation of pulp |  | Brazil |  | Direct |  | Proportional Consolidated |  | 50.00 | % | 50.00 | %
| 1) |  | On December 31, 2020, merger of the entity by Suzano S.A.
| 2) |  | On May 31, 2020, reorganization of equity interest as a result of the merger of Suzano Participações do Brasil Ltda. by Suzano S.A. Previously, the participation of this entity was directly held by Suzano Participações do Brasil Ltda. and indirectly by Suzano S.A. After the merger, it was held wholly-owned by Suzano S.A.
3)On April 8, 2020, disposal of equity interest. 4)On May 31, 2020 reorganization of equity interest as a result of the merger of Suzano Participações do Brasil Ltda. by Suzano S.A. Previously, the participation of this entity was directly held by Suzano Participações do Brasil Ltda. and indirectly by Suzano S.A. After the merger, it was held wholly-owned by Suzano S.A. 5)On August 31, 2020, entity established as a result of corporate restructuring. On December 31, 2020, reorganization of equity interest as a result of the merger of Facepa - Fábrica de Papel da Amazônia S.A. by Suzano S.A. Previously, the participation of this entity was wholly-owned held by Facepa - Fábrica de Papel da Amazônia S.A. and indirectly by Suzano S.A. After the merger, it was held directly by Suzano S.A. 6)On January 29, 2020, dilution of equity interest due to the acquisition of interest by another investor. 7)On December 31, 2020, reorganization of equity interest as a result of the merger of Comercial e Agrícola Paineiras Ltda. by Suzano S.A. Previously, the participation of this entity was 90% held by Suzano S.A and 10% by Comercial e Agrícola Paineiras Ltda. After the merger, it was held wholly-owned by Suzano S.A. 8)On December 02, 2020, establishment of legal entity arising from corporate reorganization. 9)On May 31, 2020, merger of the entity by Suzano S.A. 10)On February 26, 2020, establishment of legal entity arising from corporate reorganization. 11)Joint operation with Stora Enso, a company located in Finland.
Facepa |
Summary of balance sheet items | The following table summarizes, the balance sheet of Facepa as of December 31, 2020:
ASSET |  |  |  | LIABILITIES |  |
CURRENT |  |  |  | CURRENT |  |
Cash and cash equivalentes |  | 47,397 |  | Trade accounts payable |  | 219,578
Trade accounts receivable |  | 53,777 |  | Lease liabilities |  | 451
Inventories |  | 34,977 |  | Taxes payable |  | 1,813
Recoverable taxes |  | 45,738 |  | Payroll and charge |  | 7,064
Other assets |  | 1,845 |  | Dividends payable |  | 8,004
Total current asset |  | 183,734 |  | Other liabilities |  | 4,515
|  |  |  | Total current liabilities |  | 241,425
NON-CURRENT |  |  |  | NON-CURRENT |  |
Recoverable taxes |  | 183 |  | Loans and financing |  | 3,650
Deferred taxes |  | 4,498 |  | Lease liabilities |  | 1,011
Judicial deposits |  | 1,231 |  | Provision for judicial liabilities |  | 7
|  | 5,912 |  | Total non-current liabilities |  | 4,668
|  |  |  | TOTAL LIABILITIES |  | 246,093
Investment |  | 15,839 |  |  |  |
Property, plant and equipment |  | 65,487 |  |  |  |
Right of use |  | 1,389 |  | EQUITY |  |
Intangible |  | 120 |  | Share capital |  | 24,713
|  | 82,835 |  | Accumulated profit |  | 1,675
Total non-current asset |  | 88,747 |  | Total equity |  | 26,388
TOTAL ASSET |  | 272,481 |  | TOTAL LIABILITIES AND EQUITY |  | 272,481
Fibria |
Summary of final purchase price allocation | The following table summarizes the final purchase price allocation based on the appraisal report prepared by an independent and specialized entity:
Cash consideration |  | 27,797,441 |  |
Issuance of shares by Suzano |  | 9,438,413 |  |
Total consideration |  | 37,235,854 |  |
Book value of Fibria's shareholders' equity |  | 14,149,004 |  |
Write-off of the book value of existing goodwill, net of the deferred income taxes |  | (3,495,077) |  |
Mandatory minimum dividends (eliminated from the balance sheet at the date of acquisition) |  | 724,829 |  |
Book value of Fibria's shareholders' equity, net of goodwill |  | 11,378,756 |  |
Fair value adjustment on business combination with Fibria (assets and liabilities): |  |  |  |
Inventories |  | 2,178,903 |  | (1)
Property, plant and equipment |  | 9,362,315 |  | (2)
Customer relationship |  | 9,030,779 |  | (3)
Port assets |  | 749,060 |  | (4)
Contingent liabilities |  | (2,970,546) |  | (5)
Loans and financing |  | (59,921) |  | (6)
Taxes recoverable |  | (235,843) |  | (7)
Other assets and liabilities, net |  | 451,624 |  | (8)
Deferred taxes, net |  | (546,324) |  | (9)
Total impact of fair value |  | 17,960,047 |  |
Goodwill on the expectation of future profitability |  | 7,897,051 |  | (10)
| 1) |  | Measured considering the balance of finished products based on selling price, net of selling expenses and an accepted margin based on the results achieved in 2018.
| 2) |  | Determined based on the analysis of market data on comparable transactions and cost quantification, based on the estimate of replacement or replacement value of the assets.
| 3) |  | In order to determine the fair value adjustment in the customer portfolio, the income approach and the method were used to measure the present value of the income that will be generated during the remaining useful life of the asset. Considering the 5-year history of Fibria's sales data and the churn rate that measures customer satisfaction and customer permanence in the portfolio, the adjustment was measured using estimated discounted cash flows.
| 4) |  | Fibria has concession contracts and port assets to assist in port operations in Brazil. For fair value measurement of these assets was considered the income approach, the Multi Period Excess Earnings Method (“MPEEM”) that measures the present value of the income that will be generated during the remaining useful life of the asset and method of direct cost differential.
| 5) |  | In the business combination, for the contingencies fair value measurement, whose chances of loss were classified as possible and remote, Fibria's Management and its external and independent advisors were considered for their fair values, whose amounts were measured based on the analyzes of Company’s external lawyers.
| 6) |  | The adjustment to fair value of loans and financing was measured based on the fair value of the Bonds, based on the quotation of the security in the secondary market, and the adjustment to present value considering the market rate at the base date on December 31, 2018.
| 7) |  | For the measurement of the fair value of the taxes to be recovered, the amount to be recovered, discounted to the present value considering the expected Selic rate for the tax period, was considered.
| 8) |  | In other net assets and liabilities, including supply contracts, accounts receivable and advances to suppliers, the income evaluation methodology, the present value and the direct cost differential were used.
| 9) |  | Deferred asset on income tax on fair value adjustments of assets of Veracel and Portocel. For the remaining fair value, we did not recognize deferred liability on income taxes liabilities due to Fibria’s Legal Merger in April 2019.
| 10) |  | Goodwill is attributable to the strong market position and expected future profitability of Fibria in negotiations in the eucalyptus pulp market.
Summary of balance sheet items | The following table summarizes, the main items balance sheet of Fibria as of March 31, 2019.
ASSETS |  |  |  | LIABILITIES |  |
CURRENT |  |  |  | CURRENT |  |
Cash and cash equivalents |  | 29,086 |  | Trade accounts payable |  | 955,210
Marketable securities |  | 2,734,027 |  | Loans and financing |  | 816,180
Trade accounts receivable |  | 3,572,059 |  | Lease liabilities |  | 420,241
Inventories |  | 1,714,560 |  | Taxes payable |  | 36,057
Recoverable taxes |  | 768,439 |  | Payroll and charges |  | 104,246
Derivative financial instruments |  | 256,675 |  | Related parties |  | 1,179,254
Other assets |  | 161,238 |  | Derivative financial instruments |  | 254,444
Total current assets |  | 9,236,084 |  | Dividends payable |  | 4,015
|  |  |  | Other liabilities |  | 946,099
|  |  |  | Total current liabilities |  | 4,715,746
NON-CURRENT |  |  |  | NON-CURRENT |  |
Marketable securities |  | 175,559 |  | Loans and financing |  | 8,139,390
Recoverable taxes |  | 546,234 |  | Derivative financial instruments |  | 678,833
Deferred taxes |  | 1,364,363 |  | Lease liabilities |  | 1,972,531
Derivative financial instruments |  | 723,084 |  | Related parties |  | 16,305,560
Advances to suppliers |  | 696,767 |  | Employee benefits |  | 144,557
Judicial deposits |  | 190,533 |  | Provision for judicial liabilities |  | 190,698
Other assets |  | 100,877 |  | Other liabilities |  | 175,934
|  |  |  | Total non-current liabilities |  | 27,607,503
|  |  |  | TOTAL LIABILITIES |  | 32,323,249
Biological assets |  | 4,355,102 |  |  |  |
Investments |  | 9,481,900 |  |  |  |
Property, plant and equipment |  | 14,633,114 |  |  |  |
Right of use |  | 2,301,427 |  |  |  |
Intangible assets |  | 118,920 |  |  |  |
Total non-current |  | 34,687,880 |  | EQUITY |  | 11,600,715
TOTAL ASSETS |  | 43,923,964 |  | TOTAL EQUITY AND LIABILITIES |  | 43,923,964

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