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BIOLOGICAL ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
BIOLOGICAL ASSETS.  
Schedule of changes in balances of biological assets

December 31,

December 31,

2022

2021

Opening balance

12,248,732

11,161,210

Additions

4,957,380

3,807,608

Depletions

(3,665,057)

(3,189,726)

Transfers

23,471

Gain on fair value adjustments

1,199,759

763,091

Disposals

(82,331)

(211,433)

Other write-offs

(26,297)

(105,489)

Closing balance

14,632,186

12,248,732

Schedule of assumptions used in calculation of fair value of biological assets

The table below discloses the measurement of the premises adopted:

December 31,

December 31,

    

2022

2021

Planted useful area (hectare)

1,097,081

1,060,806

Mature assets

134,752

138,739

Immature assets

962,329

922,067

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

37.07

37.58

Average gross sale price of eucalyptus – R$/m3

90.16

76.38

Discount rate - % (post-tax)

9.1

%

8.9

%

Schedule of fair value adjustment

The fair value adjustment justified by the combined variations of the indicators mentioned above resulted in a positive variation of R$1,199,759 recognized in other operating income (expenses), net (Note 30).

December 31,

 

December 31,

    

2022

 

2021

Physical changes

(37,088)

148,190

Price

1,236,847

614,901

1,199,759

763,091