XML 55 R25.htm IDEA: XBRL DOCUMENT
v3.25.1

LEASES | 12 Months Ended
--- | ---
Dec. 31, 2024
Presentation of leases for lessee [abstract] |
LEASES | 19 LEASES 19.1 Right of use The balances rolled-forward are set out below:
|  | Lands |  | Machinery and equipment |  | Buildings |  | Ships and boats |  | Vehicles |  | Total
Balances at December 31, 2022 |  | 3,283,156 |  |  | 112,553 |  |  | 85,756 |  |  | 1,623,118 |  |  | 4,643 |  |  | 5,109,226 |
Additions/updates |  | 496,236 |  |  | 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, 2023 |  | 3,380,298 |  |  | 184,813 |  |  | 127,432 |  |  | 1,498,228 |  |  | 5,860 |  |  | 5,196,631 |
Additions/updates |  | 506,373 |  |  | 157,542 |  |  | 41,235 |  |  |  |  |  | 39,076 |  |  | 744,226 |
Depreciation (1) |  | (408,000) |  |  | (167,312) |  |  | (54,275) |  |  | (124,890) |  |  | (2,587) |  |  | (757,064) |
Write-offs (2) |  | (3,102) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,102) |
Balances at December 31, 2024 |  | 3,475,569 |  |  | 175,043 |  |  | 114,392 |  |  | 1,373,338 |  |  | 42,349 |  |  | 5,180,691 |
(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. On December 31, 2024 and 2023, the Company does not have commitments to lease agreements not yet in force. 19.2 Lease liabilities The balance of lease payables on December 31, 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 |  |  | October/2052 |  | 3,951,880 |
Machinery and equipment |  | 11.19 |  |  | April/2035 |  | 273,019 |
Buildings |  | 10.75 |  |  | May/2031 |  | 117,387 |
Ships and boats |  | 11.25 |  |  | February/2039 |  | 2,626,083 |
Vehicles |  | 11.10 |  |  | November/2028 |  | 4,546 |
|  |  |  |  |  | 6,972,915 |
(i)To determine the discount rates, quotes were obtained from financial institutions for agreements with characteristics and average terms similar to the lease agreements. (ii)Refers to the original maturities of the agreements and, therefore, does not consider eventual renewal clauses. The balances rolled-forward are set out below:
|  | 12/31/2024 |  | 12/31/2023
Opening balance |  | 6,243,782 |  |  | 6,182,530 |
Additions |  | 744,226 |  |  | 813,909 |
Write-offs (2) |  | (3,102) |  |  | (18,797) |
Payments |  | (1,325,398) |  |  | (1,218,399) |
Accrual of financial charges (1) |  | 700,283 |  |  | 664,651 |
Exchange rate variations |  | 613,124 |  |  | (180,112) |
Closing balance |  | 6,972,915 |  |  | 6,243,782
Current |  | 872,228 |  |  | 753,399 |
Non-current |  | 6,100,687 |  |  | 5,490,383 |
(1)On December 31, 2024, the amount of R$249,135 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 year The amounts recognized are set out below:
|  | 12/31/2024 |  | 12/31/2023
Expenses relating to short-term assets |  | 6,477 |  |  | 8,005 |
Expenses relating to low-value assets |  | 4,083 |  |  | 2,611 |
|  | 10,560 |  |  | 10,616

X
- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfLeasesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

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