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Leases
 6 Months Ended
Jun. 30, 2024
Presentation of leases for lessee [abstract]  
Disclosure of leases [text block]
19 LEASES
19.1 Right of use
The balances rolled-forward are set out below:
 Lands Machinery and equipment BuildingsShips and boatsVehicles Total
Balances at December 31, 20223,283,156 112,553 85,756 1,623,118 4,643 5,109,226 
Additions/updates496,236 206,847 101,124 9,702 813,909 
Depreciation (1)
(386,436)(134,587)(59,448)(124,890)(2,346)(707,707)
Write-offs (2)
(12,658)(6,139)(18,797)
Balances at December 31, 20233,380,298 184,813 127,432 1,498,228 5,860 5,196,631 
Additions/updates224,133 78,294 24,251  4 326,682 
Depreciation (1)
(199,399)(77,328)(26,790)(62,445)(1,029)(366,991)
Write-offs (2)
(2,860)    (2,860)
Balances at June 30, 20243,402,172 185,779 124,893 1,435,783 4,835 5,153,462 
(1)The amount of depreciation related to land is substantially reclassified to biological assets to make up the formation costs.
(2)Write-off due to cancellation of contracts.
For the six-month period ended June 30, 2024, the Company does not have commitments to lease agreements not yet in force.
19.2 Lease liabilities
The balance of lease payables on June 30, 2024, measured at present value and discounted at the respective discount rates are set forth below:
Nature of agreement
Average rate - % p.a. (1)
Maturity (2)
Present value of liabilities
Lands and farms

12.27 December/20513,801,227 
Machinery and equipment

11.19 April/2035265,062 
Buildings

10.75 September/2031120,910 
Ships and boats

11.25 February/20392,411,937 
Vehicles

11.10 November/20285,216 
6,604,352 
(1)To determine the discount rates, quotes were obtained from financial institutions for agreements with characteristics and average terms similar to the lease agreements.
(2)Refers to the original maturities of the agreements and, therefore, does not consider eventual renewal clauses.
The balances rolled-forward are set out below:
06/30/202412/31/2023
Opening balance6,243,782 6,182,530 
Additions326,682 813,909 
Write-offs (2)
(2,860)(18,797)
Payments(633,211)(1,218,399)
Accrual of financial charges (1)
340,454 664,651 
Exchange rate variations329,505 (180,112)
Closing balance6,604,352 6,243,782 
Current797,863 753,399 
Non-current5,806,489 5,490,383 
(1)On June 30, 2024, the amount of R$118,269 related to interest expenses on leased lands was capitalized to biological assets to represent the formation cost (R$223,055 as of December 31, 2023).
(2)Write-off due to cancellation of contracts.
The maturity schedule for future payments not discounted to present value related to lease liabilities is disclosed in Note 4.2.
19.2.1 Amounts recognized in the statement of income for the period
The amounts recognized are set out below:
06/30/202406/30/2023
Expenses relating to short-term assets2,578 5,559 
Expenses relating to low-value assets1,376 946 
3,954 6,505