XML 59 R37.htm IDEA: XBRL DOCUMENT v3.22.1
Segment information (Tables)
12 Months Ended
Dec. 31, 2021
Text block [abstract]  
Selected information by segment

 

December 31, 2021     

 

Reported Segments



Reconciliation



 



 

Raízen



Gas and Power



Moove



Logistics



Cosan Investments



Cosan Corporate



Deconsolidated effects



Segment elimination



 



 

Consolidated



Statement of profit or loss

 



 



 



 



 



 



 



 



 



Gross sales

188,825,984



15,711,939



7,697,074



7,944,312



32,695



9,002



(188,825,984

)

(57,091

)

31,337,931



Domestic market(i)

182,035,680



15,711,939



7,021,757



7,606,966



32,695



9,002



(182,035,680

)

(57,091

)

30,325,268



External market(i)

6,790,304





675,317



337,346







(6,790,304

)



1,012,663



Net sales

175,047,270



12,330,209



6,112,457



7,439,632



31,502



8,292



(175,047,270

)

(57,091

)

25,865,001



Cost of sales

(163,367,574

)

(9,755,425

)

(4,808,643

)

(5,352,040

)



(5,231

)

163,367,574



57,091



(19,864,248

)

Gross profit

11,679,696



2,574,784



1,303,814



2,087,592



31,502



3,061



(11,679,696

)



6,000,753



Selling expenses

(3,882,690

)

(125,412

)

(551,520

)

(38,959

)



(7,528

)

3,882,690





(723,419

)

General and administrative expenses

(1,788,180

)

(502,048

)

(269,810

)

(472,739

)

(6,499

)

(321,261

)

1,788,180





(1,572,357

)

Other income (expenses), net

717,792



25,569



23,414



(69,017

)

21,017



381,617



(717,792

)



382,600



Interest in earnings of associates

(43,534

)





12,857





2,195,679



43,534



(2,078,311

)

130,225



Interest in earnings of joint ventures











4,590,631







4,590,631



Finance results, net

(1,967,124

)

(289,616

)

(63,797

)

(1,359,940

)

3,199



(847,403

)

1,967,124





(2,557,557

)

Finance expense

(1,606,724

)

(900,783

)

(61,870

)

(705,623

)

(51

)

(859,179

)

1,606,724





(2,527,506

)

Finance income

580,266



703,204



58,071



399,134



3,250



94,782



(580,266

)



1,258,441



Foreign exchange, net

(1,076,722

)

(60,953

)

(66,118

)

(489,952

)



(482,513

)

1,076,722





(1,099,536

)

Derivatives

136,056



(31,084

)

6,120



(563,499

)



399,507



(136,056

)



(188,956

)

Income taxes

(1,350,252

)

59,360



(147,138

)

(4,053

)

(4,215

)

541,630



1,350,252





445,584



Profit for the year

3,365,708



1,742,637



294,963



155,741



45,004



6,536,426



(3,365,708

)

(2,078,311

)

6,696,460



Profit (loss) attributable to:

 



 



 



 



 



 



 



 



 



Owners of the Company

3,379,014



1,650,725



205,139



150,539



22,502



6,361,546



(3,379,014

)

(2,078,311

)

6,312,140



Non-controlling interests

(13,306

)

91,912



89,824



5,202



22,502



174,880



13,306





384,320



 

3,365,708



1,742,637



294,963



155,741



45,004



6,536,426



(3,365,708

)

(2,078,311

)

6,696,460



Other select data

 



 



 



 



 



 



 



 



 



Depreciation and amortization

6,393,642



559,994



96,852



1,830,683



39



16,818



(6,393,642

)

(2

)

2,504,384



EBITDA

13,076,726



2,532,887



602,750



3,350,417



46,059



6,859,017



(13,076,726

)

(2,078,313

)

11,312,817



Additions to PP&E, intangible

 



 



 



 



 



 



 



 



 



and contract asset

5,282,100



1,269,886



42,536



3,453,407



278



8,732



(5,282,100

)



4,774,839



Reconciliation of EBITDA

 



 



 



 



 



 



 



 



 



Profit for the year

3,365,708



1,742,637



294,963



155,741



45,004



6,536,426



(3,365,708

)

(2,078,311

)

6,696,460



Income taxes

1,350,252



(59,360

)

147,138



4,053



4,215



(541,630

)

(1,350,252

)



(445,584

)

Finance results, net

1,967,124



289,616



63,797



1,359,940



(3,199

)

847,403



(1,967,124

)



2,557,557



Depreciation and amortization

6,393,642



559,994



96,852



1,830,683



39



16,818



(6,393,642

)

(2

)

2,504,384



EBITDA

13,076,726



2,532,887



602,750



3,350,417



46,059



6,859,017



(13,076,726

)

(2,078,313

)

11,312,817




(i)       Domestic markets: sales within the country where each entity is located; external markets: sales export.

 

December 31, 2020 (Restated)



 

Reported Segments



Reconciliation



 



 

Raízen



Gas and Power



Moove



Logistics



Cosan Corporate



Deconsolidated effects



Segment elimination



 



 

Consolidated



Statement of profit or loss

 



 



 



 



 



 



 



 



Gross sales

127,832,718



12,024,615



5,588,754



7,349,804



880



(127,832,718

)

(37,887

)

24,926,166



Domestic market(i)

117,788,563



12,024,615



5,117,770



6,978,624



880



(117,788,563

)

(37,887

)

24,084,002



External market(i)

10,044,155





470,984



371,180





(10,044,155

)



842,164



Net sales

118,049,722



9,093,170



4,415,575



6,966,159



818



(118,049,722

)

(37,887

)

20,437,835



Cost of sales

(110,800,498

)

(6,932,288

)

(3,380,304

)

(4,721,507

)

(3,611

)

110,800,498



37,887



(14,999,823

)

Gross profit

7,249,224



2,160,882



1,035,271



2,244,652



(2,793

)

(7,249,224

)



5,438,012



Selling expenses

(3,264,756

)

(156,892

)

(471,829

)

(30,670

)

(2,516

)

3,264,756





(661,907

)

General and administrative expenses

(1,263,733

)

(376,615

)

(229,672

)

(411,336

)

(572,196

)

1,263,733





(1,589,819

)

Other income (expenses), net

554,126



56,176



34,876



128,388



(42,571

)

(554,126

)



176,869



Interest in earnings of associates

(88,323

)





13,087



1,746,969



88,323



(1,731,255

)

28,801



Interest in earnings of joint ventures

(87,567

)







583,001



87,567





583,001



Finance results, net

(1,431,267

)

(282,773

)

(129,342

)

(1,503,221

)

(68,660

)

1,431,267





(1,983,996

)

Finance expense

(2,345,771

)

(374,252

)

(30,910

)

(2,920,241

)

(1,402,158

)

2,345,771





(4,727,561

)

Finance income

690,678



72,500



20,086



177,206



137,918



(690,678)





407,710



Foreign exchange, net

(3,821,462

)

(150,227

)

(161,636

)

(1,577,342

)

(1,369,451

)

3,821,462





(3,258,656

)

Derivatives

4,045,288



169,206



43,118



2,817,156



2,565,031



(4,045,288

)



5,594,511



Income taxes

(537,004

)

(460,312

)

(87,941

)

(169,990

)

215,576



537,004





(502,667

)

Profit for the year

1,130,700



940,466



151,363



270,910



1,856,810



(1,130,700

)

(1,731,255

)

1,488,294



Profit attributable to:

 



 



 



 



 



 



 



 



Owners of the Company

1,081,176



923,420



104,570



43,602



1,519,145



(1,081,176

)

(1,731,255

)

859,482



Non-controlling interests

49,524



17,046



46,793



227,308



337,665



(49,524

)



628,812



 

1,130,700



940,466



151,363



270,910



1,856,810



(1,130,700

)

(1,731,255

)

1,488,294



Other select data

 



 



 



 



 



 



 



 



Depreciation and amortization

5,059,239



500,714



108,687



1,715,527



15,926



(5,059,239

)



2,340,854



EBITDA

8,158,210



2,184,265



477,333



3,659,648



1,725,820



(8,158,210

)

(1,731,255

)

6,315,811



Additions to PP&E, intangible

 



 



 



 



 



 



 



 



and contract asset

3,159,415



1,006,881



29,658



2,979,213



18,936



(3,159,415

)



4,034,688



Reconciliation of EBITDA

 



 



 



 



 



 



 



 



Profit for the year

1,130,700



940,466



151,363



270,910



1,856,810



(1,130,700

)

(1,731,255

)

1,488,294



Income taxes

537,004



460,312



87,941



169,990



(215,576

)

(537,004

)



502,667



Finance results, net

1,431,267



282,773



129,342



1,503,221



68,660



(1,431,267

)



1,983,996



Depreciation and amortization

5,059,239



500,714



108,687



1,715,527



15,926



(5,059,239

)



2,340,854



EBITDA

8,158,210



2,184,265



477,333



3,659,648



1,725,820



(8,158,210

)

(1,731,255

)

6,315,811



 

(i)       Domestic markets: sales within the country where each entity is located; external markets: sales export.

 

December 31, 2019 (Restated)



 

Reported segments 



Reconciliation






 

Raízen



Gas and Power



Moove



Logistics



Cosan Corporate



Deconsolidated effects



Segment elimination



Consolidated



Statement of profit or loss

 



 



 



 



 



 



 



 



Gross sales

140,230,052



12,007,634



5,072,163



7,473,730



106



(140,230,052

)

(37,047

)

24,516,586



Domestic market(i)

132,455,731



12,007,634



4,948,678



7,232,158



106



(132,455,731

)

(37,047

)

24,151,529



External market(i)

7,774,321





123,485



241,572





(7,774,321

)



365,057



Net sales

129,349,463



9,514,222



4,046,296



7,087,840



98



(129,349,463

)

(37,047

)

20,611,409



Cost of sales

(122,429,335

)

(6,859,090

)

(3,185,745

)

(4,608,781

)

(416

)

122,429,335



37,047



(14,616,985

)

Gross profit

6,920,128



2,655,132



860,551



2,479,059



(318

)

(6,920,128

)



5,994,424



Selling expenses

(3,069,304

)

(157,740

)

(492,482

)

(6,983

)

(8,909

)

3,069,304





(666.114

)

General and administrative expenses

(1,232,666

)

(404,441

)

(173,212

)

(364,555

)

(293,854

)

1,232,666





(1,236,062

)

Other income (expenses), net

2,021,001



(31,534

)

31,806



(24,084

)

428,498



(2,021,001

)



404,686



Interest in earnings of associates

115,168





439



21,876



2,822,914



(115,168

)

(2,843,998

)

1,231



Interest in earnings of joint ventures

(7,206

)







1,131,406



7,206





1,131,406



Finance results, net

(1,296,237

)

(180,381

)

(96,794

)

(1,197,817

)

(492,631

)

1,296,237





(1,967,623

)

Finance expense

(2,180,426

)

(495,958

)

(38,514

)

(1,871,221

)

(1,284,885

)

2,180,426





(3,690,578

)

Finance income

767,336



315,634



22,385



202,875



433,710



(767,336

)



974,604



Foreign exchange, net

(571,377

)

(27,518

)

(92,989

)

(205,839

)

(200,600

)

571,377





(526,946

)

Derivatives

688,230



27,461



12,324



676,368



559,144



(688,230

)



1,275,297



Income taxes

(923,156

)

(588,389

)

(55,206

)

(129,247

)

(6,754

)

923,156





(779,596

)

Profit from continuing operations

2,527,728



1,292,647



75,102



778,249



3,580,352



(2,527,728

)

(2,843,998

)

2,882,352



Profit from discontinued

 



 



 



 



 



 



 



 



operation, net of tax









11,021







11,021



Profit for the year

2,527,728



1,292,647



75,102



778,249



3,591,373



(2,527,728

)

(2,843,998

)

2,893,373



Profit attributable to:

 



 



 



 



 



 



 



 



Owners of the Company

2,399,076



1,255,369



72,971



157,216



3,586,632



(2,399,076

)

(3,755,847

)

1,316,341



Non-controlling interests

128,652



37,278



2,131



621,033



4,741



(128,652

)

911,849



1,577,032



 

2,527,728



1,292,647



75,102



778,249



3,591,373



(2,527,728

)

(2,843,998

)

2,893,373



Other select data

 



 



 



 



 



 



 



 



Depreciation and amortization

3,625,854



459,584



97,827



1,716,185



14,281



(3,625,854

)



2,287,877



EBITDA

8,372,975



2,521,001



324,929



3,821,498



4,094,018



(8,372,975

)

(2,843,998

)

7,917,448



Additions to PP&E, intangible

 



 



 



 



 



 



 



 



and contract asset

3,586,261



775,769



32,854



1,943,063



11,251



(3,586,261

)



2,762,937



Reconciliation of EBITDA

 



 



 



 



 



 



 



 



Profit for the year

2,527,728



1,292,647



75,102



778,249



3,580,352



(2,527,728

)

(2,843,998

)

2,882,352



Income taxes

923,156



588,389



55,206



129,247



6,754



(923,156

)



779,596



Finance results, net

1,296,237



180,381



96,794



1,197,817



492,631



(1,296,237

)



1,967,623



Depreciation and amortization

3,625,854



459,584



97,827



1,716,185



14,281



(3,625,854

)



2,287,877



EBITDA

8,372,975



2,521,001



324,929



3,821,498



4,094,018



(8,372,975

)

(2,843,998

)

7,917,448



(i)       Domestic markets: sales within the countries where each entity is located; external markets: sales export.

 

 

December 31, 2021



 

Reported segments



Reconciliation



  



 

Raízen



Gas and Power



Moove



Logistics



Cosan Investments



Cosan Corporate



Deconsolidated effects



Segment elimination



Consolidated



Statement of financial position


























Assets

110,136,182



19,982,611



4,850,344



48,174,556



4,484,805



35,054,649



(110,136,182

)

(14,704,942

)

97,842,023



Cash and cash equivalents

5,034,788



3,562,358



1,059,866



9,448,193



7,468



2,096,245



(5,034,788

)



16,174,130



Marketable securities

154,052



1,876,006



129,390



1,425,897



46,094



910,620



(154,052

)



4,388,007



Trade receivables

7,618,176



1,427,720



605,928



503,316



207,761



1,128



(7,618,176

)



2,745,853



Derivative financial instruments

11,805,548



358,456



26,513



1,674,821





2,673,136



(11,805,548

)



4,732,926



Inventories

14,297,068



129,554



790,825



228,923





2



(14,297,068

)



1,149,304



Sector financial assets



558,310















558,310



Other financial assets

261,412





466





319,728



(1

)

(261,412

)



320,193



Other current assets

12,545,650



340,909



298,004



747,308



13,470



1,599,793



(12,545,650

)

(668,152

)

2,331,332



Other non-current assets

8,562,180



1,370,964



246,934



3,197,105



354



2,180,558



(8,562,180

)

(240,673

)

6,755,242



Investments in associates







57,844





14,518,340





(13,796,117

)

780,067



Investments in joint ventures

1,317,720











10,936,663



(1,317,720

)



10,936,663



Biological assets

3,106,744













(3,106,744

)





Investment properties









3,886,696









3,886,696



Contract asset

2,941,390



684,970



21,011



1







(2,941,390

)



705,982



Right-of-use assets

10,758,442



73,220



51,458



7,784,941



3,203



34,445



(10,758,442

)



7,947,267



Property, plant and equipment

22,506,160



271,490



334,065



15,974,562



31



68,405



(22,506,160

)



16,648,553



Intangible assets and goodwill

9,226,852



9,328,654



1,285,884



7,131,645





35,315



(9,226,852

)



17,781,498



Liabilities

(84,736,772

)

(13,609,495

)

(2,564,187

)

(33,156,493

)

(246,599

)

(20,305,063

)

84,736,772



909,836



(68,972,001

)

Loans, borrowings and debentures

(26,967,092

)

(7,667,987

)

(831,148

)

(21,178,748

)



(15,981,154

)

26,967,092





(45,659,037

)

Derivative financial instruments

(12,377,276

)

(357,932

)



(576,749

)



(141,480

)

12,377,276





(1,076,161

)

Trade payables

(15,678,442

)

(1,798,977

)

(828,690

)

(618,658

)

(1,006

)

(6,173

)

15,678,442





(3,253,504

)

Employee benefits payable

(788,948

)

(104,404

)

(132,158

)

(255,963

)



(60,466

)

788,948





(552,991

)

Sector financial liabilities



(1,372,283

)













(1,372,283

)

Other current liabilities

(9,591,918

)

(472,592

)

(349,967

)

(1,384,611

)

(48,739

)

(1,384,091

)

9,591,918



148,171



(3,491,829

)

Leases

(10,685,524

)

(63,752

)

(53,436

)

(3,106,883

)

(3,253

)

(40,358

)

10,685,524





(3,267,682

)

Other non-current liabilities

(8,647,572

)

(1,771,568

)

(368,788

)

(6,034,881

)

(193,601

)

(2,691,341

)

8,647,572



761,665



(10,298,514

)

Total assets (net of liabilities) allocated by segment

25,399,410



6,373,116



2,286,157



15,018,063



4,238,206



14,749,587



(25,399,410

)

(13,795,107

)

28,870,022



 

 



 



 



 



 



 



 



 



 



Equity attributable to:

 



 



 



 



 



 



 



 



 



Owners of the Company

23,870,251



5,585,768



1,599,949



4,479,944



2,119,104



14,751,279



(23,870,251

)

(13,795,107

)

14,740,937



Non-controlling interests

1,529,159



787,348



686,208



10,538,119



2,119,102



(1,692

)

(1,529,159

)



14,129,085



Total shareholders’ equity

25,399,410



6,373,116



2,286,157



15,018,063



4,238,206



14,749,587



(25,399,410

)

(13,795,107

)

28,870,022



 

 

December 31, 2020 (restated)


 

Reported segments



Reconciliation


 

 

Raízen



Gas and Power



Moove



Logistics



Cosan Corporate



Deconsolidated effects



Segment elimination



 


 

Consolidated


Statement of financial position

 



 



 



 



 



 



 



 


Assets

67,942,010



15,027,675



4,439,453



45,912,604



33,324,494



(67,942,010

)

(14,990,661

)

83,713,565


Cash and cash equivalents

3,422,828



1,899,533



936,345



7,778,612



3,028,428



(3,422,828

)



13,642,918


Marketable securities

19,086



1,188,625



168,066



1,396,723



915,695



(19,086

)



3,669,109


Trade receivables

4,265,294



1,121,612



483,227



428,492



110



(4,265,294

)



2,033,441


Derivative financial instruments

6,064,604



517,181



28,463



3,988,524



3,606,532



(6,064,604

)



8,140,700


Inventories

8,317,566



121,064



564,836



249,318



46



(8,317,566

)



935,264


Sector financial assets



241,749













241,749


Other financial assets

160,600





69,126







(160,600

)



69,126


Other current assets

5,761,106



276,139



146,166



685,659



1,938,096



(5,761,106

)

(764,392

)

2,281,668


Other non-current assets

5,225,978



169,905



398,796



2,613,480



1,566,428



(5,225,978

)

(410,191

)

4,338,418


Investments in associates







50,715



14,149,214





(13,816,078

)

383,851


Investments in joint ventures

1,305,790









7,988,208



(1,305,790

)



7,988,208


Biological assets

1,073,582











(1,073,582

)




Contract asset

2,860,658



686,690



9,248







(2,860,658

)



695,938


Right-of-use assets

5,210,366



19,865



39,550



7,823,401



33,414



(5,210,366

)



7,916,230


Property, plant and equipment

18,165,518



15,326



327,535



13,646,248



79,397



(18,165,518

)



14,068,506


Intangible assets and goodwill

6,089,034



8,769,986



1,268,095



7,251,432



18,926



(6,089,034

)



17,308,439


Liabilities

(51,528,998

)

(11,681,752

)

(2,473,884

)

(32,359,866

)

(17,553,779

)

51,528,998



1,174,583



(62,894,698

)

Loans, borrowings and debentures

(24,557,518

)

(7,043,909

)

(802,938

)

(21,656,908

)

(12,745,705

)

24,557,518





(42,249,460

)

Derivative financial instruments

(3,088,300

)

(286,018

)

(348

)



(159,695

)

3,088,300





(446,061

)

Trade payables

(9,311,282

)

(1,182,111

)

(688,139

)

(754,546

)

(5,258

)

9,311,282





(2,630,054

)

Employee benefits payable

(534,376

)

(74,543

)

(96,192

)

(139,058

)

(26,673

)

534,376





(336,466

)

Sector financial liabilities



(565,911

)











(565,911

)

Other current liabilities

(4,094,274

)

(662,779

)

(290,827

)

(950,582

)

(2,006,371

)

4,094,274



204,366



(3,706,193

)

Preferred shareholders payable in subsidiaries









(387,044

)





(387,044

)

Leases

(4,734,766

)

(10,320

)

(41,299

)

(2,912,317

)

(37,911

)

4,734,766





(3,001,847

)

Other non-current liabilities

(5,208,482

)

(1,856,161

)

(554,141

)

(5,946,455

)

(2,185,122

)

5,208,482



970,217



(9,571,662

)

Total assets (net of liabilities) allocated by segment

16,413,012



3,345,923



1,965,569



13,552,738



15,770,715



(16,413,012

)

(13,816,078

)

20,818,867


Equity attributable to:

 



 



 



 



 



 



 



 


Owners of the Company

16,129,497



3,288,315



1,367,157



2,150,052



12,270,637



(16,129,497

)

(13,816,078

)

5,260,083


Non-controlling interests

283,515



57,608



598,412



11,402,686



3,500,078



(283,515

)



15,558,784


Total shareholders’ equity

16,413,012



3,345,923



1,965,569



13,552,738



15,770,715



(16,413,012

)

(13,816,078

)

20,818,867


Summary of net sales by customer by segment

5.1. Net sales to external customers by product/customer 

 

December 31, 2021



December 31, 2020 (restated)



December 31, 2019 (restated)



 

Reported segment

 



 



 



Raízen

 



 



 



Ethanol

27,464,271



19,625,060



20,286,705



Sugar

13,946,480



10,241,141



3,925,499



Gasoline

55,158,035



36,127,017



46,140,529



Diesel

71,828,092



46,967,219



51,522,023



Cogeneration

3,968,947



2,282,158



3,934,639



Other

7,288,547



2,807,127



3,540,068



Intercompany elimination(i)

(4,607,102

)





 

175,047,270



118,049,722



129,349,463



Gas and Power

 



 



 



Natural gas distribution

 



 



 



Industrial

7,386,258



5,030,738



6,045,600



Residential

1,610,286



1,381,597



1,295,107



Cogeneration

637,489



389,732



437,327



Automotive

364,664



220,130



350,637



Commercial

448,615



350,760



507,550



Construction revenue

1,020,176



885,630



813,341



Other

242,226



59,104



64,660



 

11,709,714



8,317,691



9,514,222



Electricity trading

620,495



775,479





 

12,330,209



9,093,170



9,514,222



Moove

 



 



 



Finished goods

5,088,102



3,891,551



3,786,636



Base oil

457,991



392,153



194,353



Services

566,364



131,871



65,307



 

6,112,457



4,415,575



4,046,296



Logistics

 



 



 



North operations

5,479,583



5,270,436



5,313,757



South operations

1,624,084



1,409,872



1,478,314



Container operations

335,965



285,851



295,769



 

7,439,632



6,966,159



7,087,840



Cosan Investments

 



 



 



Land leases

31,502







 

31,502







Reconciliation

 



 



 



Cosan Corporate

8,292



818



98



Deconsolidated effects

 



 



 



and eliminations

(175,104,361

)

(118,087,609

)

(129,386,510

)

Total

25,865,001



20,437,835



20,611,409




(i)
On June 1, 2021, Raízen S.A. started to consolidate Raízen Energia and, therefore, the balances between the entities are presented net.
Summary of Information on Geographical Area

5.2. Information on geographical area

 

Net sales


Non-current assets


 

December 31, 2021


December 31, 2020


December 31, 2019


December 31, 2021


December 31, 2020


 

Brazil

22,529,634


18,100,012


18,522,108


12,551,261


12,577,376


Europe(i)

2,551,739


1,867,284


1,719,262


10,515


11,401


Latin America(ii)

632,235


360,798


184,981


6,320


24,684


North America

81,384


62,760


157,665




Asia and other

70,009


46,981


27,393




Total

25,865,001


20,437,835


20,611,409


12,568,096


12,613,461


 

Main countries:

(i) England, France, Spain and Portugal; and
(ii) Argentina, Bolívia, Uruguay and Paraguay.