Right to Use Assets and Leases payable (Tables)

12 Months Ended

Dec. 31, 2020

	Weighted average useful life (years)	Balance on 12/31/2019		Additions and remeasurement	Write-offs		Effect of foreign currency exchange rate variation		Amortization		Balance on 12/31/2020
Cost:
Real estate	10	2,068,254		259,244	(78,529	)	5,463		-		2,254,432
Port area (i)	20	68,007		200,527	-		-		-		268,534
Vehicles	4	91,868		55,616	(7,893	)	252		-		139,843
Equipment	6	31,822		7,833	(572	)	5,853		-		44,936
Others	20	27,846		-	-		-		-		27,846
		2,287,797		523,220	(86,994	)	11,568		-		2,735,591
Accumulated amortization:
Real estate		(256,430	)	-	46,282		(697	)	(271,130	)	(481,975	)
Port area (i)		-		-	-		-		(3,962	)	(3,962	)
Vehicles		(27,492	)	-	5,509		232		(41,340	)	(63,091	)
Equipment		(7,600	)	-	572		(1,996	)	(10,595	)	(19,619	)
Others		(15,363	)	-	-		-		(1,295	)	(16,658	)
		(306,885	)	-	52,363		(2,461	)	(328,322	)	(585,305	)
Net amount		1,980,912		523,220	(34,631	)	9,107		(328,322	)	2,150,286

	Weighted average useful life (years)	Adoption IFRS 16	Additions and remeasurement	Write-offs		Transfer		Effect of foreign currency exchange rate variation	Amortization		Balance on 12/31/2019
Cost:
Real estate	7	1,636,330	308,622	(55,605	)	98,043		80,930	-		2,068,320
Port area (i)	-	-	68,007	-		-		-	-		68,007
Others	4	95,097	26,235	(1,981	)	27,847		4,272	-		151,470
		1,731,427	402,864	(57,586	)	125,890		85,202	-		2,287,797
Accumulated amortization:
Real estate		-	-	6,682		-		36	(262,750	)	(256,032	)
Others		-	-	442		(14,068	)	81	(37,308	)	(50,853	)
		-	-	7,124		(14,068	)	117	(300,058	)	(306,885	)
Net amount		1,731,427	402,864	(50,462	)	111,822		85,319	(300,058	)	1,980,912

(i) Refers to the area port lease, which R$ 68,007 was paid by the Company’s subsidiaries in the fourth quarter of 2019 (see Note 34.c).

The amortization expenses were recognized in the financial statements as shown below:

	2020	2019	2018
Cost of products and services sold	66,604	48,134	15,044
Selling and marketing	257,846	244,974	8,920
General and administrative	3,872	6,950	75,370
	328,322	300,058	99,334

The changes in leases payable are shown below:

Balance as of December 31, 2018	46,066
Adoption IFRS 16	1,363,803
Interest accrued	128,996
Payments	(321,716	)
Additions and remeasurement	334,857
Write-offs	(52,129	)
Effect of foreign currency exchange rate variation	88,796
Balance as of December 31, 2019	1,588,673
Interest accrued	144,655
Payments	(360,787	)
Additions and remeasurement	484,121
Write-offs	(35,381	)
Effect of foreign currency exchange rate variation	12,007
Balance as of December 31, 2020	1,833,288
Current	260,189
Non-current	1,573,099

The future disbursements (installments) assumed under leases contracts are presented below:

The weighted average discount rates for the lease payable are presented below:

Maturity date of the contracts	Up to 5 years		From 5 to 10 years		From 10 to 15 years		More than 15 years
Weighted average discount rates (% p.a.)	7.2		8.8		8.9		9.2

The future disbursements (payments), assumed as a result of these contracts amount approximately to: