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INVESTMENTS (Tables)

6 Months Ended

Jun. 30, 2021

INVESTMENTS

Schedule of investments by type


		June 30,		December 31,
		2021		2020
Investments in associates and joint ventures		236,618		96,373
Goodwill ⁽¹⁾		234,344		236,360
Other investments evaluated at fair value through other comprehensive income - Celluforce		26,121		26,338
		497,083		359,071

1)The movement is due to the events disclosed in Note 1.2.5.

Schedule of investments in associates and joint ventures

Information of joint ventures as of

June 30,

Company participation

2021

Carrying amount

In the income of the period

Income

Participation

of the

equity

June 30,

December 31,

June 30,

June 30,

Equity

period

(%)

2021

2020

2021

2020

Associate

Ensyn Corporation

29,398

(11,482)

26.24%

7,714

5,472

(3,013)

(13,086)

Spinnova Plc

626,299

(77,619)

19.91%

124,696

15,387

(15,454)

(2,966)

132,410

20,859

(18,467)

(16,052)

Joint ventures

Domestic (Brazil)

Ibema Companhia Brasileira de Papel

175,396

34,504

49.90%

87,523

70,305

17,218

11,651

Foreign

F&E Technologies LLC

10,029

50.00%

5,014

5,209

1,449

Woodspin

50.00%

11,671

104,208

75,514

17,218

13,100

Other movements ⁽¹⁾

90,867

90,867

236,618

96,373

89,618

(2,952)

1)Includes, substantially, the effect arising from the remeasurement of Spinnova’s investment (Note 1.2.5).