Right to Use Assets and Leases payable (Tables)

12 Months Ended

Dec. 31, 2021

	Weighted average useful life (years)	Balance on 12/31/2020		Additions and remeasurement		Write-offs		Transfer (i)		Effect of foreign currency exchange rate variation		Amortization		Reclassification to assets held for sale (ii)		Balance on 12/31/2021
Cost:
Real estate (iii)	10	2,254,432		257,787		(150,718	)	-		1,295		-		(569,323	)	1,793,473
Port area	20	268,534		31,096 (*)		-		-		-		-		-		299,630
Vehicles	4	139,843		26,589		(9,315	)	-		103		-		(11,047	)	146,173
Equipment	6	44,936		19,887		(6,171	)	-		1,920		-		(43,832	)	16,740
Others	20	27,846		-		-		-		-		-		-		27,846
		2,735,591		335,359		(166,204	)	-		3,318		-		(624,202	)	2,283,862
Accumulated amortization:
Real estate		(481,975	)	-		76,954		-		(530	)	(283,882	)	199,963		(489,470	)
Port area		(3,962	)	-		-		(11,935	)	-		(7,629	)	-		(23,526	)
Vehicles		(63,091	)	-		7,032		-		(54	)	(48,146	)	5,392		(98,867	)
Equipment		(19,619	)	-		6,483		-		(897)		(17,637	)	29,836		(1,834	)
Others		(16,658	)	-		-		-		-		(2,212	)	-		(18,870	)
		(585,305	)	-		90,469		(11,935	)	(1,481	)	(359,506	)	235,191		(632,567	)
Impairment
Real estate		-		(38,957	)	-		-		-		-		38,957		-
		-		(38,957	)	-		-		-		-		38,957		-
Net amount		2,150,286		296,402		(75,735	)	(11,935	)	1,837		(359,506	)	(350,054	)	1,651,295

(i)	Refers to the amortization of right-of-use assets in the subsidiary Tequimar Vila do Conde Logística Portuária S.A. (“Tequimar Vila do Conde”), which is being capitalized as Construction in progress, starting its operation in December 2021.
(ii)	For further information, see Note 3.c.1.
(iii)	Includes lease contracts as presented in Note 9.a.
(*)	Includes balances of R$ 14,905 referring to initial direct costs of right-of-use assets.

	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	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		-		-	-		-		(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.

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
Assignment of contract	-
Balance as of December 31, 2020	1,833,288
Interest accrued	147,494
Payments (i)	(440,574	)
Additions and remeasurement	288,711
Write-offs	(83,157	)
Effect of foreign currency exchange rate variation	16,264
Reclassification to liabilities held for sale (ii)	(413,715	)
Balance as of December 31, 2021	1,348,311
Current	188,832
Non-current	1,159,479

⁽ⁱ⁾ Includes the amount of R$ 29,237 paid by subsidiary Tequimar Vila do Conde related to port concession grants.

(ii) For further information. see Note 3.c.1.

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

The weighted average discount rates for the lease contracts of the Company are:

Contracts for maturity date and discount rate
Maturity date of the contracts	Discount rates (% p.a.)
Up to 5 years	6.92
From 6 to 10 years	7.12
From 11 to 15 years	7.35
More than 15 years	8.18

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