XML 56 R47.htm IDEA: XBRL DOCUMENT v3.23.3
BIOLOGICAL ASSETS (Tables)
6 Months Ended
Jun. 30, 2023
BIOLOGICAL ASSETS.  
Schedule of changes in balances of biological assets

The roll-forward of biological assets is as set forth below:

June 30,

December 31,

2023

2022

Opening balance                  

    

14,632,186

    

12,248,732

Additions

2,899,032

4,957,380

Depletions

(1,805,371)

(3,665,057)

Gain on fair value adjustments

1,256,315

1,199,759

Disposals

(36,278)

(82,331)

Other write-offs

(31,764)

(26,297)

Closing balance

16,914,120

14,632,186

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

The table below discloses the measurement of the premises adopted:

June 30,

December 31,

    

2023

    

2022

Planted useful area (hectare)

1,105,168

1,097,081

Mature assets

181,573

134,752

Immature assets

923,595

962,329

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

37.61

37.07

Average gross sale price of eucalyptus - R$/m3

97.34

90.16

Discount rate - % (post-tax)

8.8%

9.1%

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$1,256,315 recognized in other operating income (expenses), net (Note 30).

June 30,

December 31,

    

2023

    

2022

Physical changes

432,212

(37,088)

Price

824,103

1,236,847

1,256,315

1,199,759