XML 45 R17.htm IDEA: XBRL DOCUMENT
v3.23.1

RELATED PARTIES | 12 Months Ended
--- | ---
Dec. 31, 2022
RELATED PARTIES |
RELATED PARTIES |
11. | RELATED PARTIES
The Company’s commercial and financial transactions with the controlling shareholder and Companies owned by the controlling shareholder Suzano Holding S.A. (“Suzano Group”)were carried out at specific prices and conditions, as well as the corporate governance practices adopted by the Company, and those recommended and/or required by the applicable legislation. The transactions refers mainly to: Assets: (i) accounts receivable from the sale of pulp, paper, tissue and other products; (ii) dividends receivable; (iii) reimbursement for expenses; (iv) social services; and (v) dividends receivable. Liabilities: (i) loan agreements;(ii) reimbursement for expenses; (iii) social services; (iv) real estate consulting; and (v) dividends payable. Amounts in the statements of income: (i) sale of pulp, paper, tissue and other products; (ii) loan charges and exchange variation; (iii) social services and (viii) real estate consulting. For the year ended December 31, 2022, there were no material changes in the terms of the agreements, deals and transactions entered into, nor were there any new contracts, agreements or transactions of any different nature entered into between the Company and its related parties.
11.1. | Balances recognized in assets and liabilities and amounts of transactions during the period
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Assets | ​ | Liabilities | ​ | Financial result | ​ | Operating result
​ | ​ | December | ​ | December | ​ | December | ​ | December | ​ | December | ​ | December | ​ | December | ​ | December | ​ | December | ​ | December
​ | ​ | 31, 2022 | ​ | 31, 2021 | ​ | 31, 2022 | ​ | 31, 2021 | ​ | 31, 2022 | ​ | 31, 2021 | ​ | 31, 2020 | ​ | 31, 2022 | ​ | 31, 2021 | ​ | 31, 2020
Transactions with controlling shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Management and related persons |  | ​ | ​ | ​ | ​ | ​ |  | (22,875) |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Alden Fundo de Investimento em Ações |  | ​ | ​ | ​ | ​ | ​ |  | (17,701) |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Controller |  | ​ | ​ | ​ | ​ | ​ |  | (131,841) |  | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Suzano Holding |  | 5 |  | 2 |  | ​ |  | (248,789) |  | ​ | ​ | ​ |  | (966) |  | 91 |  | (2,621) |  | (4,063)
​ |  | 5 |  | 2 |  | ​ | ​ | (421,206) | ​ | ​ | ​ | ​ |  | (966) |  | 91 |  | (2,621) |  | (4,063)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Transactions with companies of the Suzano |  | ​ |  |  |  | ​ |  |  |  | ​ |  |  |  |  |  | ​ |  |  |  |
Group and other related parties | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Management (expect compensation – Note 11.2) |  | ​ |  | ​ |  | (5) |  | (9) |  | ​ |  | ​ | ​ | ​ |  | (47) |  | (422) |  | (392)
Bexma Participações Ltda |  | 1 |  | 1 |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | 38 |  | 24 |  | 11
Bizma Investimentos Ltda |  | 1 |  | 1 |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | 10 |  | 6 |  | 12
Ensyn Corporation |  | ​ | ​ | ​ |  | ​ | ​ | ​ |  | ​ |  | 1 |  | 689 |  | ​ | ​ | ​ |  | ​
Ficus Empreendimentos e Participações Ltda |  | ​ | ​ | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ | ​ | ​ |  | (655)
Fundação Arymax |  | ​ | ​ | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | 4 |  | 2 |  | 2
Ibema Companhia Brasileira de Papel (1) |  | 106,940 |  | 80,511 |  | (3,705) |  | (6,288) |  | ​ |  | ​ | ​ | ​ |  | 218,226 |  | 169,965 |  | 111,841
Instituto Ecofuturo - Futuro para o Desenvolvimento Sustentável |  | 3 |  | 1 |  | (66) |  | ​ |  | ​ |  | ​ | ​ | ​ |  | (4,603) |  | (4,399) |  | (4,168)
IPLF Holding S.A. |  | 23 |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | 38 |  | 10 |  | 5
Mabex Representações e Participações Ltda |  | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | (137) |  | (50)
Lazam MDS Corretora e Adm. Seguros S.A. |  | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ |  | 3
Nemonorte Imóveis e Participações Ltda |  | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​ | ​ |  | (194) |  | (170) |  | (191)
Other shareholders |  | ​ |  | ​ |  | (5,094) |  | (497,867) |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ |  | ​
​ |  | 106,968 |  | 80,514 |  | (8,870) |  | (504,164) |  | ​ |  | 1 | ​ | 689 |  | 213,472 |  | 164,879 |  | 106,418
​ |  | 106,973 |  | 80,516 |  | (8,870) |  | (925,370) |  | ​ |  | 1 |  | (277) |  | 213,563 |  | 162,258 |  | 102,355
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets |  | ​ |  |  |  | ​ |  |  |  | ​ |  |  |  |  |  |  |  |  |  |
Trade accounts receivable (Note 7) |  | 99,608 |  | 73,598 |  | ​ | ​ | ​ |  | ​ |  |  |  |  |  |  |  |  |  |
Dividends receivable |  | 7,334 |  | 6,604 |  | ​ | ​ | ​ |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  | 31 |  | 314 |  | ​ | ​ | ​ |  |  |  |  |  |  |  |  |  |  |  |
Liabilities |  | ​ |  |  |  | ​ |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade accounts payable (Note 17) |  | ​ | ​ | ​ |  | (3,776) |  | (6,288) |  |  |  |  |  |  |  |  |  |  |  |
Dividends payable |  | ​ | ​ | ​ |  | (5,094) |  | (919,073) |  |  |  |  |  |  |  |  |  |  |  |
Other liabillities |  | ​ | ​ | ​ |  | ​ |  | (9) |  |  |  |  |  |  |  |  |  |  |  |
​ |  | 106,973 |  | 80,516 |  | (8,870) |  | (925,370) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ 1)Refers mainly to the sale of pulp.
11.2. | Management compensation
Expenses related to the compensation of key management personnel, which include the Board of Directors, Fiscal Council and Board of Statutory Executive Officers, recognized in the statement of income for the period, are set out below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, | ​ | December 31, | ​ | December 31,
​ |  | 2022 |  | 2021 |  | 2020
Short-term benefits | ​ | ​ | ​ | ​ | ​ | ​
Salary or compensation | ​ | 50,228 | ​ | 48,693 | ​ | 47,089
Direct and indirect benefits | ​ | 1,099 | ​ | 880 | ​ | 852
Bonus | ​ | 7,031 | ​ | 6,474 | ​ | 11,326
​ | ​ | 58,358 | ​ | 56,047 | ​ | 59,267
​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term benefits | ​ | ​ | ​ | ​ | ​ | ​
Share-based compensation plan | ​ | 36,390 | ​ | 46,306 | ​ | 75,022
​ | ​ | 36,390 | ​ | 46,306 | ​ | 75,022
​ | ​ | 94,748 | ​ | 102,353 | ​ | 134,289
​ Short-term benefits include fixed compensation (salaries and fees, vacation pay, mandatory bonus and “13th month’s salary” bonus), payroll charges (Company’s share of contributions to social security – “INSS”) and variable compensation such as profit sharing, bonuses and benefits (company car, health plan, meal voucher, market voucher, life insurance and private pension plan). Long-term benefits include the stock option plan and phantom shares for executives and key members of Management, in accordance with the specific regulations disclosed in Note 22.

X
- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2022-03-24 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2022-en-r&doctype=Standard&dita_xref=IAS24_g13-24__IAS24_g13-24_TI -URIDate 2022-03-24 + Details
Name: | ifrs-full_DisclosureOfRelatedPartyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration