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BIOLOGICAL ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
BIOLOGICAL ASSETS  
Schedule of changes in balances of biological assets

 

 

 

Balances on December 31, 2018

 

 4,935,905

Business combination

 

 4,579,526

Addition

 

 2,849,039

Depletion

 

(1,905,118)

Gain on fair value adjustment

 

 185,399

Disposal

 

(23,764)

Other write-offs

 

(49,488)

Balances on December 31, 2019

 

 10,571,499

Addition

 

 3,392,975

Depletion

 

(3,094,742)

Transfers (1)

 

(23,471)

Gain on fair value adjustment

 

 466,484

Disposal

 

(93,847)

Other write-offs

 

(57,688)

Balances on December 31, 2020

 

 11,161,210


1)

Includes transfer to assets held for sale as disclosed in note 1.2.2.

Schedule of main assumptions for calculation of fair value of biological assets

 

 

 

 

 

 

 

  

December 31,

 

December 31,

 

 

    

2020

 

2019

 

Planted useful area (hectare)

 

 1,020,176

 

 988,720

 

Mature assets

 

 111,866

 

 86,352

 

Immature assets

 

 908,310

 

 902,368

 

Average annual growth (IMA) – m3/hectare/year

 

 38.43

 

 38.34

 

Average gross sale price of eucalyptus – R$/m3

 

 70.22

 

 66.81

 

Discount rate - %

 

 8.9

%

 8.4

%

 

Summary of fair value adjustment of biological assets recognized under other operating income (expense), net

 

 

 

 

 

 

  

December 31,

 

December 31,

 

    

2020

 

2019

Physical changes

 

 156,906

 

(347,409)

Price

 

 309,578

 

 532,808

 

 

 466,484

 

 185,399