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PROPERTY, PLANT AND EQUIPMENT

6 Months Ended

Jun. 30, 2022

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT

15.PROPERTY, PLANT AND EQUIPMENT

Machinery,

equipment and

Work in

Lands

Buildings

facilities

progress

Other ⁽¹⁾

Total

Average rate %

3,55

5.91

16.05

Cost

Balance as of December 31, 2020

9,912,305

9,203,134

43,184,495

883,384

1,059,595

64,242,913

Additions

38,786

319,887

1,768,938

22,973

2,150,584

Write-offs ⁽²⁾

(539,528)

(1,656)

(253,341)

(1,323)

(13,763)

(809,611)

Transfer and other ⁽³⁾

379,539

214,340

698,591

(1,047,084)

35,796

281,182

Balance as of December 31, 2021

9,791,102

9,415,818

43,949,632

1,603,915

1,104,601

65,865,068

Additions ⁽⁴⁾

4,910

223

170,809

3,217,890

4,050

3,397,882

Acquisition of subsidiaries ⁽⁵⁾

3,449,637

107

3,449,744

Write-offs

(8,238)

(207)

(36,291)

(4,287)

(49,023)

Transfer and other ⁽³⁾

193,628

94,895

401,604

(752,118)

68,293

6,302

Balance as of June 30, 2022

13,431,039

9,510,729

44,485,754

4,069,687

1,172,764

72,669,973

Depreciation

Balance as of December 31, 2020

(3,245,786)

(21,176,572)

(663,665)

(25,086,023)

Additions

(331,691)

(2,356,184)

(120,796)

(2,808,671)

Write-offs

495

186,775

11,535

198,805

Transfer

(115)

1,145

(506)

524

Balance as of December 31, 2021

(3,577,097)

(23,344,836)

(773,432)

(27,695,365)

Additions

(153,259)

(1,172,202)

(56,897)

(1,382,358)

Write-offs

194

21,899

2,808

24,901

Transfer

36

36

Balance as of June 30, 2022

(3,730,162)

(24,495,103)

(827,521)

(29,052,786)

Book value

Balance as of December 31, 2021

9,791,102

5,838,721

20,604,796

1,603,915

331,169

38,169,703

Balance as of June 30, 2022

13,431,039

5,780,567

19,990,651

4,069,687

345,243

43,617,187

1)	Includes vehicles, furniture and utensils and computer equipment.

2)	In 2021, includes mainly, the write-off for the sale of rural properties to Turvinho, whose agreement was signed in November 2020.

3)	Includes transfers carried out between the items of property, plant and equipment, intangible and inventories. In 2021, it also includes transfers from the sale of rural properties to those held for sale, as a result of the contract signed with Turvinho.

4)	The addition in progress refers substantially to the Cerrado Project.

5)	Balance from acquisition of all the shares of the Parkia structure companies, held on April 28, 2022 (note 1.2.4.).

For the six-month period ended June 30, 2022, the Company evaluated the business, market and climate impacts and did not identify any trigger to perform the impairment test of property, plant and equipment.

15.1.Items pledged as collateral

For the six-month period ended June 30, 2022, property, plant and equipment items that are pledge as collateral for loans transactions and lawsuits, consisting substantially of the units of, Imperatriz, Limeira, Mucuri, Suzano and Três Lagoas totaled R$18,894,922 (R$19,488,481 in the same units as of December 31, 2021).

15.2.Capitalized expenses

For the six-month period ended June 30, 2022, the Company capitalized loan costs in the amount of R$108,972 (R$18,624 as of December 31, 2021). The weighted average interest rate, adjusted by the equalization of exchange rate effects, utilized to determine the capitalized amount was 13.18% p.a. (12.04% p.a. as of December 31, 2021).