XML 69 R41.htm IDEA: XBRL DOCUMENT
v3.23.1

FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Schedule of financial instruments by category | All transactions with financial instruments are recognized for accounting purposes and classified in the following categories: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | December 31, |  | December 31,
​ | ​ | Note | ​ | 2022 | ​ | 2021
Assets | ​ | ​ | ​ | ​ | ​ | ​
Amortized cost | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | 5 | ​ | 9,505,951 | ​ | 13,590,776
Trade accounts receivable | ​ | 7 | ​ | 9,607,012 | ​ | 6,531,465
Dividends receivable | ​ | 11 | ​ | 7,334 | ​ | 6,604
Other assets(1) | ​ | ​ | ​ | 931,173 | ​ | 886,112
​ | ​ | ​ | ​ | 20,051,470 | ​ | 21,014,957
Fair value through other comprehensive income | ​ | ​ | ​ | ​ | ​ |
Investments - Celluforce | ​ | 14.1 | ​ | 24,917 | ​ | 28,358
​ | ​ | ​ | ​ | 24,917 | ​ | 28,358
​ | ​ | ​ | ​ | ​ | ​ |
Fair value through profit or loss | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | 4.5.1 | ​ | 4,873,749 | ​ | 1,442,140
Marketable securities | ​ | 6 | ​ | 7,965,742 | ​ | 7,758,329
​ | ​ | ​ | ​ | 12,839,491 | ​ | 9,200,469
​ | ​ | ​ | ​ | 32,915,878 | ​ | 30,243,784
Liabilities | ​ | ​ | ​ | ​ | ​ |
Amortized cost | ​ | ​ | ​ | ​ | ​ | ​
Trade accounts payable | ​ | 17 | ​ | 6,206,570 | ​ | 3,288,897
Loans, financing and debentures | ​ | 18.1 | ​ | 74,574,591 | ​ | 79,628,629
Lease liabilities | ​ | 19.2 | ​ | 6,182,530 | ​ | 5,893,194
Liabilities for assets acquisitions and associates | ​ | 23 | ​ | 2,062,322 | ​ | 405,952
Dividends payable | ​ | 11 | ​ | 5,094 | ​ | 919,073
Other liabilities(1) | ​ | ​ | ​ | 147,920 | ​ | 164,216
​ | ​ | ​ | ​ | 89,179,027 | ​ | 90,299,961
Fair value through profit or loss | ​ | ​ | ​ | ​ | ​ |
Derivative financial instruments | ​ | 4.5.1 | ​ | 4,846,795 | ​ | 7,894,528
​ | ​ | ​ | ​ | 4,846,795 | ​ | 7,894,528
​ | ​ | ​ | ​ | 94,025,822 | ​ | 98,194,489
​ | ​ | ​ | ​ | 61,109,944 | ​ | 67,950,705
​
1) | Does not include items not classified as financial instruments.
Summary of estimated fair value of loans and financing | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Yield used to | ​ | ​ | ​ | ​
​ | ​ | discount/ | ​ | December 31, | ​ | December 31,
​ |  | methodology |  | 2022 |  | 2021
Quoted in the secondary market | ​ | ​ | ​ | ​ | ​ | ​
In foreign currency | ​ | ​ | ​ | ​ | ​ | ​
Bonds | ​ | Secondary Market | ​ | 40,309,832 | ​ | 51,183,520
Estimated present value | ​ | ​ | ​ | ​ | ​ | ​
In foreign currency | ​ | ​ | ​ | ​ | ​ | ​
Export credits (“Prepayment”) | ​ | LIBOR | ​ | 17,724,315 | ​ | 19,441,297
Assets Financing | ​ | SOFR | ​ | 138,644 | ​ | ​
In local currency | ​ | ​ | ​ | ​ | ​ | ​
BNDES – TJLP | ​ | DI 1 | ​ | 292,487 | ​ | 355,494
BNDES – TLP | ​ | DI 1 | ​ | 1,393,010 | ​ | 686,247
BNDES – Fixed | ​ | DI 1 | ​ | 21,656 | ​ | 44,544
BNDES – SELIC (“Special Settlement and Custody System”) | ​ | DI 1 | ​ | 575,129 | ​ | 543,269
BNDES - Currency basket | ​ | DI 1 | ​ | 10,866 | ​ | 25,001
CRA (“Agribusiness Receivables Certificate”) | ​ | DI 1/IPCA | ​ | 1,835,336 | ​ | 3,281,250
Debentures | ​ | DI 1 | ​ | 5,643,440 | ​ | 5,633,533
NCE (“Export Credit Notes”) | ​ | DI 1 | ​ | 1,384,396 | ​ | 1,352,291
NCR (“Rural Credit Notes”) | ​ | DI 1 | ​ | 294,089 | ​ | 289,344
Export credits (“Prepayment”) | ​ | DI 1 | ​ | 1,320,415 | ​ | 1,321,449
​ | ​ | ​ | ​ | 70,943,615 | ​ | 84,157,239
​
Schedule of contractual maturities of financial liabilities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2022
​ | ​ | Book | ​ | Future | ​ | Up to 1 | ​ | ​ | ​ | ​ | ​ | More than
​ | ​ | value | ​ | value | ​ | year | ​ | 1 - 2 years | ​ | 2 - 5 years | ​ | 5 years
Liabilities |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ |  | ​
Trade accounts payable | ​ | 6,206,570 | ​ | 6,206,570 | ​ | 6,206,570 | ​ | ​ | ​ | ​ | ​ | ​
Loans, financing and debentures | ​ | 74,574,591 | ​ | 105,341,912 | ​ | 6,823,274 | ​ | 7,899,772 | ​ | 39,476,527 | ​ | 51,142,339
Lease liabilities | ​ | 6,182,530 | ​ | 11,053,487 | ​ | 1,050,947 | ​ | 992,379 | ​ | 2,668,855 | ​ | 6,341,305
Liabilities for asset acquisitions and associates | ​ | 2,062,322 | ​ | 2,203,302 | ​ | 1,986,633 | ​ | 99,331 | ​ | 57,421 | ​ | 59,917
Derivative financial instruments | ​ | 4,846,795 | ​ | 6,515,262 | ​ | 728,070 | ​ | 1,341,108 | ​ | 4,299,970 | ​ | 146,114
Dividends payable | ​ | 5,094 | ​ | 5,094 | ​ | 5,094 | ​ | ​ | ​ | ​ | ​ | ​
Other liabilities | ​ | 147,920 | ​ | 147,920 | ​ | 61,500 | ​ | 86,420 | ​ | ​ | ​ | ​
​ | ​ | 94,025,822 | ​ | 131,473,547 | ​ | 16,862,088 | ​ | 10,419,010 | ​ | 46,502,773 | ​ | 57,689,675
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2021
​ | ​ | Book | ​ | Future | ​ | Up to 1 | ​ | 1 - 2 | ​ | ​ | ​ | More than
​ | ​ | value | ​ | value | ​ | year | ​ | years | ​ | 2 - 5 years | ​ | 5 years
Liabilities |  | ​ |  | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​
Trade accounts payable | ​ | 3,288,897 | ​ | 3,288,897 | ​ | 3,288,897 | ​ | ​ | ​ | ​ | ​ | ​
Loans, financing and debentures | ​ | 79,628,629 | ​ | 111,723,608 | ​ | 6,357,717 | ​ | 5,761,795 | ​ | 36,672,089 | ​ | 62,932,007
Lease liabilities | ​ | 5,893,194 | ​ | 10,676,580 | ​ | 937,964 | ​ | 1,780,115 | ​ | 1,632,555 | ​ | 6,325,946
Liabilities for asset acquisitions and associates | ​ | 405,952 | ​ | 467,499 | ​ | 111,438 | ​ | 131,371 | ​ | 144,171 | ​ | 80,519
Derivative financial instruments | ​ | 7,894,528 | ​ | 11,774,569 | ​ | 1,688,266 | ​ | 1,391,727 | ​ | 8,694,576 | ​ | ​
Dividends payable | ​ | 919,073 | ​ | 919,073 | ​ | 919,073 | ​ | ​ | ​ | ​ | ​ | ​
Other liabilities | ​ | 164,216 | ​ | 164,216 | ​ | 92,123 | ​ | 72,093 | ​ | ​ | ​ | ​
​ | ​ | 98,194,489 | ​ | 139,014,442 | ​ | 13,395,478 | ​ | 9,137,101 | ​ | 47,143,391 | ​ | 69,338,472
​
Schedule of credit exposures using internal credit grading | ​
​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021
Low (1) | ​ | 9,430,244 | ​ | 6,491,726
Average (2) | ​ | 129,900 | ​ | 19,147
High (3) | ​ | 67,977 | ​ | 55,355
​ | ​ | 9,628,121 | ​ | 6,566,228
1) | Current and overdue up 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,
​ |  | 2022 |  | 2021
Cash and cash equivalents | ​ | 9,505,951 | ​ | 13,590,776
Marketable securities | ​ | 7,965,742 | ​ | 7,758,329
Derivative financial instruments(1) | ​ | 4,833,330 | ​ | 1,413,975
​ | ​ | 22,305,023 | ​ | 22,763,080
​
1) | Does not include the derivative embedded in a forest partnership agreement for the supply of standing wood, which is not a transaction with a financial institution.
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,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Risk rating (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
AA- | ​ | ​ | ​ | ​ | ​ | 47,681 | ​ | 57,193
A+ | ​ | ​ | ​ | ​ | ​ | 1,149,694 | ​ | 8,318
A | ​ | ​ | ​ | ​ | ​ | 1,485,424 | ​ | 601,475
A- | ​ | ​ | ​ | ​ | ​ | 1,095 | ​ | 10,677
brAAA | ​ | 17,117,171 | ​ | 21,149,838 | ​ | 1,418,968 | ​ | 576,195
brAA+ | ​ | 1,173 | ​ | 2,282 | ​ | ​ | ​ | 41,321
brAA | ​ | 133,030 | ​ | 132,698 | ​ | 730,468 | ​ | 118,796
brAA- | ​ | 47 | ​ | ​ | ​ | ​ | ​ | ​
brA+ | ​ | 352 | ​ | 313 | ​ | ​ | ​ | ​
brA | ​ | 17,595 | ​ | ​ | ​ | ​ | ​ | ​
brBB+ | ​ | ​ | ​ | 2 | ​ | ​ | ​ | ​
brBB- | ​ | 2,897 | ​ | 22,824 | ​ | ​ | ​ | ​
Others | ​ | 199,428 | ​ | 41,148 | ​ | ​ | ​ | ​
​ | ​ | 17,471,693 | ​ | 21,349,105 | ​ | 4,833,330 | ​ | 1,413,975
1) | We use the Brazilian Risk Ratings issued by the agencies Fitch Ratings, Standard & Poor’s and Moody’s.
​ ​
Schedule of net exposure of assets and liabilities in foreign currency | ​
​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021
Assets | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | 8,039,218 | ​ | 13,411,978
Marketable securities | ​ | 4,510,652 | ​ | 2,394,667
Trade accounts receivable | ​ | 7,612,768 | ​ | 5,043,453
Derivative financial instruments | ​ | 3,393,785 | ​ | 1,028,450
​ | ​ | 23,556,423 | ​ | 21,878,548
​ | ​ | ​ | ​ |
Liabilities | ​ | ​ | ​ | ​
Trade accounts payable | ​ | (2,030,806) | ​ | (605,557)
Loans and financing | ​ | (61,216,140) | ​ | (65,972,300)
Liabilities for asset acquisitions and associates | ​ | (2,053,259) | ​ | (273,179)
Derivative financial instruments | ​ | (4,698,323) | ​ | (7,362,631)
​ | ​ | (69,998,528) | ​ | (74,213,667)
​ | ​ | (46,442,105) | ​ | (52,335,119)
​
Summary of yield curves used to calculate fair value of derivative financial instruments | The yield curves used to calculate the fair value as at December 31, 2022 are as set forth below:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest rate curves | ​ | ​ | ​
Term |  | Brazil |  | United States of America |  | US Dollar coupon | ​
1 month | ​ | 13.65% p.a. | ​ | 4.79% p.a. | ​ | 3.38% p.a. | ​
6 months | ​ | 13.73% p.a. | ​ | 5.01% p.a. | ​ | 5.30% p.a. | ​
1 year | ​ | 13.42% p.a. | ​ | 5.09% p.a. | ​ | 5.80% p.a. | ​
2 years | ​ | 12.66% p.a. | ​ | 4.65% p.a. | ​ | 5.61% p.a. | ​
3 years | ​ | 12.58% p.a. | ​ | 4.27% p.a. | ​ | 5.37% p.a. | ​
5 years | ​ | 12.62% p.a. | ​ | 3.95% p.a. | ​ | 5.35% p.a. | ​
10 years | ​ | 12.61% p.a. | ​ | 3.75% p.a. | ​ | 5.96% p.a. | ​
​
Schedule of derivatives by type of contract | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Notional value in U.S.$ | ​ | Fair value
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Instruments as part of protection strategy | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operational hedges | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
ZCC | ​ | 6,866,800 | ​ | 4,494,125 | ​ | 1,596,089 | ​ | (187,788)
NDF (R$ x US$) | ​ | 248,100 | ​ | 30,000 | ​ | (2,474) | ​ | (7,043)
NDF (€ x US$) | ​ | 544,702 | ​ | ​ | ​ | 161,055 | ​ | ​
​ | ​ | ​ | ​ |  | ​ | ​ | ​ |
Debt hedges | ​ | ​ | ​ |  | ​ | ​ | ​ |
Swap LIBOR to Fixed (US$) | ​ | 3,200,179 | ​ | 3,600,000 | ​ | 1,052,546 | ​ | (395,675)
Swap IPCA to CDI (notional in Brazilian Reais) | ​ | 1,741,787 | ​ | 843,845 | ​ | 278,945 | ​ | 249,653
Swap IPCA to Fixed (US$) | ​ | 121,003 | ​ | 121,003 | ​ | (29,910) | ​ | (148,583)
Swap CDI x Fixed (US$) | ​ | 1,863,534 | ​ | 2,267,057 | ​ | (2,566,110) | ​ | (5,230,612)
Pre-fixed Swap to US$ (US$) | ​ | 350,000 | ​ | 350,000 | ​ | (503,605) | ​ | (760,505)
​ | ​ | ​ | ​ |  | ​ | ​ | ​ |
Commodity Hedge | ​ | ​ | ​ |  | ​ | ​ | ​ |
Swap US-CPI (US$) (1) | ​ | 124,960 | ​ | 590,372 | ​ | 40,418 | ​ | 28,165
​ | ​ | ​ | ​ | ​ | ​ | 26,954 | ​ | (6,452,388)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |
Current assets | ​ | ​ | ​ | ​ | ​ | 3,048,493 | ​ | 470,261
Non-current assets | ​ | ​ | ​ | ​ | ​ | 1,825,256 | ​ | 971,879
Current liabilities | ​ | ​ | ​ | ​ | ​ | (667,681) | ​ | (1,563,459)
Non-current liabilities | ​ | ​ | ​ | ​ | ​ | (4,179,114) | ​ | (6,331,069)
​ | ​ | ​ | ​ | ​ | ​ | 26,954 | ​ | (6,452,388)
1) | The embedded derivative refers to a swap contract for the sale of price variations in United States Dollars and US-CPI within the term of a forest partnership with a standing wood supply contract.
Schedule of long and short positions of outstanding derivatives | The outstanding derivatives positions are set forth below:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Notional value | ​ | Fair value
​ | ​ | ​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
​ |  | Currency |  | 2022 |  | 2021 |  | 2022 |  | 2021
Debt hedges | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Swap CDI to Fixed (US$) | ​ | R$ | ​ | 7,081,545 | ​ | 8,594,225 | ​ | 617,835 | ​ | 306,663
Swap Pre-Fixed to US$ | ​ | R$ | ​ | 1,317,226 | ​ | 1,317,226 | ​ | 45,329 | ​ | 76,279
Swap LIBOR to Fixed (US$) | ​ | US$ | ​ | 3,200,000 | ​ | 3,600,000 | ​ | 1,052,546 | ​ | 130,104
Swap IPCA to CDI | ​ | IPCA | ​ | 2,041,327 | ​ | 1,078,706 | ​ | 427,417 | ​ | 255,422
Swap IPCA to US$ | ​ | IPCA | ​ | 610,960 | ​ | 576,917 | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ |  | ​ | 2,143,127 | ​ | 768,468
Liabilities | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ |
Swap CDI to Fixed (US$) | ​ | US$ | ​ | 1,863,534 | ​ | 2,267,057 | ​ | (3,183,945) | ​ | (5,537,275)
Swap Pre-Fixed to US$ | ​ | US$ | ​ | 350,000 | ​ | 350,000 | ​ | (548,934) | ​ | (836,784)
Swap LIBOR to Fixed (US$) | ​ | US$ | ​ | 3,200,000 | ​ | 3,600,000 | ​ | ​ | ​ | (525,779)
Swap IPCA to CDI | ​ | R$ | ​ | 1,741,787 | ​ | 843,845 | ​ | (148,472) | ​ | (5,769)
Swap IPCA to US$ | ​ | US$ | ​ | 121,003 | ​ | 121,003 | ​ | (29,910) | ​ | (148,583)
​ | ​ | ​ | ​ | ​ | ​ |  | ​ | (3,911,261) | ​ | (7,054,190)
​ | ​ | ​ | ​ | ​ | ​ |  | ​ | (1,768,134) | ​ | (6,285,722)
Operational hedge | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ |
Zero cost collar (US$ x R$) | ​ | US$ | ​ | 6,866,800 | ​ | 4,494,125 | ​ | 1,596,089 | ​ | (187,788)
NDF (R$ x US$) | ​ | US$ | ​ | 248,100 | ​ | 30,000 | ​ | (2,474) | ​ | (7,043)
NDF (€ x US$) | ​ | US$ | ​ | 544,702 | ​ | ​ | ​ | 161,055 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ |  | ​ | 1,754,670 | ​ | (194,831)
Commodity hedge | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ |
Swap US-CPI (standing wood) (1) | ​ | US$ | ​ | 124,960 | ​ | 590,372 | ​ | 40,418 | ​ | 28,165
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 40,418 | ​ | 28,165
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 26,954 | ​ | (6,452,388)
1) | The embedded derivatives refer to swap contracts for the sale of price variations in United States Dollars and US-CPI within the term of the forest partnership involving a standing wood supply contract.
​
Schedule of fair value settled derivatives | The settled derivatives positions are set forth below:
​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021
Operational hedge | ​ | ​ | ​ | ​
Zero cost collar (R$ x US$) | ​ | 718,618 | ​ | (1,269,231)
NDF (R$ x US$) | ​ | 8,301 | ​ | 1,399
NDF (€ x US$) | ​ | 7,113 | ​ | ​
​ | ​ | 734,032 | ​ | (1,267,832)
Commodity hedge | ​ | ​ | ​ | ​
Swap VLSFO/other | ​ | ​ | ​ | (54,002)
​ | ​ | ​ | ​ | (54,002)
Debt hedge | ​ | ​ | ​ |
Swap CDI to Fixed (US$) | ​ | (261,570) | ​ | (266,268)
Swap IPCA to CDI (Brazilian Reais) | ​ | (5,180) | ​ | 41,651
Swap IPCA to Fixed (US$) | ​ | 171 | ​ | (4,819)
Swap Pre-Fixed to US$ | ​ | 54,128 | ​ | 49,562
Swap LIBOR to Fixed (US$) | ​ | (239,356) | ​ | (419,545)
​ | ​ | (451,807) | ​ | (599,419)
​ | ​ | 282,225 | ​ | (1,921,253)
​
Schedule of fair value hierarchy | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2022
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At fair value through profit or loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | ​ | ​ | 4,873,749 | ​ | ​ | ​ | 4,873,749
Marketable securities | ​ | ​ | ​ | 7,965,742 | ​ | ​ | ​ | 7,965,742
​ | ​ | ​ | ​ | 12,839,491 | ​ | ​ | ​ | 12,839,491
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At fair value through other comprehensive income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other investments - CelluForce | ​ | ​ | ​ | ​ | ​ | 24,917 | ​ | 24,917
​ | ​ | ​ | ​ | ​ | ​ | 24,917 | ​ | 24,917
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Biological assets | ​ | ​ | ​ | ​ | ​ | 14,632,186 | ​ | 14,632,186
​ | ​ | ​ | ​ | ​ | ​ | 14,632,186 | ​ | 14,632,186
Total assets | ​ | ​ | ​ | 12,839,491 | ​ | 14,657,103 | ​ | 27,496,594
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At fair value through profit or loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | ​ | ​ | 4,846,795 | ​ | ​ | ​ | 4,846,795
​ | ​ | ​ | ​ | 4,846,795 | ​ | ​ | ​ | 4,846,795
Total liabilities | ​ | ​ | ​ | 4,846,795 | ​ | ​ | ​ | 4,846,795
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2021
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At fair value through profit or loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | ​ | ​ | 1,442,140 | ​ | ​ | ​ | 1,442,140
Marketable securities | ​ | 637,616 | ​ | 7,120,713 | ​ | ​ | ​ | 7,758,329
​ | ​ | 637,616 | ​ | 8,562,853 | ​ | ​ | ​ | 9,200,469
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At fair value through other comprehensive income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other investments - CelluForce | ​ | ​ | ​ | ​ | ​ | 28,358 | ​ | 28,358
​ | ​ | ​ | ​ | ​ | ​ | 28,358 | ​ | 28,358
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Biological assets | ​ | ​ | ​ | ​ | ​ | 12,248,732 | ​ | 12,248,732
​ | ​ | ​ | ​ | ​ | ​ | 12,248,732 | ​ | 12,248,732
Total assets | ​ | 637,616 | ​ | 8,562,853 | ​ | 12,277,090 | ​ | 21,477,559
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
At fair value through profit or loss | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | ​ | ​ | 7,894,528 | ​ | ​ | ​ | 7,894,528
​ | ​ | ​ | ​ | 7,894,528 | ​ | ​ | ​ | 7,894,528
Total liabilities | ​ | ​ | ​ | 7,894,528 | ​ | ​ | ​ | 7,894,528
​
Currency Risk | Financial instruments, excluding derivatives |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2022
​ | ​ | Effect on profit or loss and equity
​ | ​ | Probable | ​ | Possible | ​ | Remote
​ |  | (base value) |  | (25%) |  | (50%)
Cash and cash equivalents | ​ | 8,039,218 | ​ | 2,009,805 | ​ | 4,019,609
Marketable securities | ​ | 4,510,652 | ​ | 1,127,663 | ​ | 2,255,326
Trade accounts receivable | ​ | 7,612,768 | ​ | 1,903,192 | ​ | 3,806,384
Trade accounts payable | ​ | (2,030,806) | ​ | (507,702) | ​ | (1,015,403)
Loans and financing | ​ | (61,216,140) | ​ | (15,304,035) | ​ | (30,608,070)
Liabilities for asset acquisitions and associates | ​ | (2,053,259) | ​ | (513,315) | ​ | (1,026,630)
​
Currency Risk | Derivative financial instruments |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis | The following table set out the potential impacts in each of these assumed scenarios: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2022
​ | ​ | Effect on profit or loss and equity
​ | ​ | Probable | ​ | Possible | ​ | Remote
​ |  | (base value) |  | 25% |  | 50%
Dollar/Real | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | ​ | ​ | ​ | ​ | ​
Derivative options | ​ | 1,596,089 | ​ | (5,557,847) | ​ | (12,762,202)
Derivative swaps | ​ | (1,768,134) | ​ | (2,862,661) | ​ | (5,725,322)
Derivative Non-Deliverable Forward (‘NDF’) Contracts | ​ | (2,474) | ​ | (314,397) | ​ | (628,793)
Embedded derivatives | ​ | 40,418 | ​ | (71,082) | ​ | (142,165)
NDF parity derivatives (1) | ​ | 161,055 | ​ | (40,264) | ​ | (80,528)
​ | ​ | ​ | ​ | ​ | ​ | ​
Dollar/Euro | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | ​ | ​ | ​ | ​ | ​
NDF parity derivatives (1) | ​ | 161,055 | ​ | (724,977) | ​ | (1,449,953)
​
1) | Long positions at US$/EUR parity in order to protect the Capex cash flow of the Cerrado Project against the appreciation of the Euro.
Interest rate risk | Financial instruments, excluding derivatives |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2022
​ | ​ | Effect on profit or loss and equity
​ | ​ | ​ | ​ | Possible | ​ | Remote
​ |  | Probable |  | (25%) |  | (50%)
CDI/SELIC | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | 1,441,758 | ​ | 49,200 | ​ | 98,400
Marketable securities | ​ | 3,383,832 | ​ | 115,473 | ​ | 230,947
Loans and financing | ​ | 8,001,775 | ​ | 273,061 | ​ | 546,121
​ | ​ | ​ | ​ | ​ | ​ | ​
TJLP | ​ | ​ | ​ | ​ | ​ | ​
Loans and financing | ​ | 317,281 | ​ | 5,711 | ​ | 11,422
​ | ​ | ​ | ​ | ​ | ​ | ​
LIBOR | ​ | ​ | ​ | ​ | ​ | ​
Loans and financing | ​ | 16,930,445 | ​ | 201,781 | ​ | 403,562
​
Interest rate risk | Derivative financial instruments |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2022
​ | ​ | Effect on profit or loss and equity
​ | ​ | ​ | ​ | Probable | ​ | Remote
​ |  | Probable |  | 25% |  | 50%
CDI | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ | ​ | ​ | ​ | ​ | ​
Derivative options | ​ | 1,596,089 | ​ | (594,361) | ​ | (1,140,951)
Derivative swaps | ​ | (1,768,134) | ​ | (10,977) | ​ | (22,123)
LIBOR | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ | ​ | ​ | ​ | ​ | ​
Derivative swaps | ​ | (1,768,134) | ​ | 369,294 | ​ | 738,044
​
U.S. Consumer Price Index | Derivative financial instruments |
FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT |
Summary of sensitivity analysis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ | ​ | 2022
​ | ​ | Effect on profit or loss and equity
​ |  | Probable |  | Possible |  | Remote
​ | ​ | (base value) | ​ | (25%) | ​ | (50%)
Derivative embedded in a commitment to purchase standing wood, originating from a forest partnership agreement | ​ | 40,418 | ​ | (31,599) | ​ | (65,159)
​ | ​ | ​ | ​ | ​ | ​ | ​
​

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 2023-01-01 -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 36 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_36_c&doctype=Standard&book=b -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2023-01-01 -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph IG23 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_IG23_a&doctype=Implementation%20Guidance&book=b -URIDate 2022-03-24 + Details
Name: | ifrs-full_AnalysisOfCreditExposuresUsingExternalCreditGradingSystemExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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 2023-01-01 -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 36 -Subparagraph c -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_36_c&doctype=Standard&book=b -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2023-01-01 -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph IG23 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_IG23_a&doctype=Implementation%20Guidance&book=b -URIDate 2022-03-24 + Details
Name: | ifrs-full_AnalysisOfCreditExposuresUsingInternalCreditGradingSystemExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Section Credit risk -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS07_g35A-38__IFRS07_g35A-38_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfCreditRiskExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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 2022-03-24 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_7&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 35K -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_35K&doctype=Standard -URIDate 2022-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2022-03-24 -Paragraph 31 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_31&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=21&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS21_g51-57__IAS21_g51-57_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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 2022-03-24 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IFRS13_g91-99__IFRS13_g91-99_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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 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 2022-03-24 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_10_e&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfLiquidityRiskExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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 2022-03-24 -Paragraph 40 -Subparagraph a -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2022-en-r&anchor=para_40_a&doctype=Standard -URIDate 2022-03-24 + Details
Name: | ifrs-full_SensitivityAnalysisForEachTypeOfMarketRisk
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types: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: | suz_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | suz_
Data Type: | dtr-types: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: | suz_DisclosureOfPositionsOfDerivativeFinancialInstrumentsTableTextBlock
Namespace Prefix: | suz_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of settled derivatives. + References No definition available. + Details
Name: | suz_DisclosureOfSettledDerivativesTableTextBlock
Namespace Prefix: | suz_
Data Type: | dtr-types: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: | suz_FairValueInputsAssetsAndLiabilitiesQuantitativeInformationTableTextBlock
Namespace Prefix: | suz_
Data Type: | dtr-types: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=suz_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: |