XML 103 R80.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment information - Segment analysis (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Disclosure of operating segments [line items]        
Sales of goods and services rendered $ 933,178 $ 869,235 $ 674,314  
Cost of goods sold and services rendered (766,727) (678,581) (557,786)  
Initial recognition and changes in fair value of biological assets and agricultural produce 63,220 125,456 54,528  
Changes in net realizable value of agricultural produce after harvest 8,852 (5,841) 14,691  
Margin on manufacturing and agricultural activities before operating expenses 238,523 310,269 185,747  
General and administrative expense 57,299 50,750 48,425  
Selling expenses (95,399) (80,673) (70,268)  
Other operating income, net 39,461 (8,297) 31,066  
Share of loss of joint venture 0 0 (2,685)  
Profit from operations 125,286 170,549 95,435  
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     21,964  
Depreciation and amortization (151,007) (127,500) (104,401)  
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized) 14,645 9,811 11,326  
Initial recognition and changes in fair value of biological assets and agricultural produce (realized) 48,575 115,645 43,202  
Changes in net realizable value of agricultural produce after harvest (unrealized) 2,371 (90) 4,406  
Changes in net realizable value of agricultural produce after harvest (realized) 6,481 (5,751) 10,285  
Farmlands and farmland improvements, net 109,304 119,498    
Machinery, equipment and other fixed assets, net 443,082 445,300    
Bearer plants, net 238,910 216,169    
Work in progress 29,635 21,641    
Investment property 2,271 2,666 4,796  
Goodwill 12,412 13,405    
Biological assets 167,994 145,404 111,818  
Finished goods 61,888 68,191 47,624 $ 75,875
Raw materials, stocks held by third parties and others 47,031 43,563    
Inventories 108,919 111,754    
Total segment assets 1,112,527 1,075,837    
Total debt 817,958 635,396 723,339  
Total segment liabilities 817,958 635,396    
Corporate        
Disclosure of operating segments [line items]        
Sales of goods and services rendered 0 0 0  
Cost of goods sold and services rendered 0 0 0  
Initial recognition and changes in fair value of biological assets and agricultural produce 0 0 0  
Changes in net realizable value of agricultural produce after harvest 0 0 0  
Margin on manufacturing and agricultural activities before operating expenses 0 0 0  
General and administrative expense 21,581 20,686 21,476  
Selling expenses (43) (79) (563)  
Other operating income, net (40) (192) 263  
Share of loss of joint venture 0 0 0  
Profit from operations (21,664) (20,957) (21,776)  
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     0  
Depreciation and amortization 0 0 0  
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized) 0 0 0  
Initial recognition and changes in fair value of biological assets and agricultural produce (realized) 0 0 0  
Changes in net realizable value of agricultural produce after harvest (unrealized) 0 0 0  
Changes in net realizable value of agricultural produce after harvest (realized) 0 0 0  
Farmlands and farmland improvements, net 0 0    
Machinery, equipment and other fixed assets, net 0 0    
Bearer plants, net 0 0    
Work in progress 0 0    
Investment property 0 0    
Goodwill 0 0    
Biological assets 0 0    
Finished goods 0 0    
Raw materials, stocks held by third parties and others 0 0    
Total segment assets 0 0    
Total debt 45,528 0    
Total segment liabilities 45,528 0    
Farming | Crops        
Disclosure of operating segments [line items]        
Biological assets 31,745 28,189 22,536  
Farming | Rice        
Disclosure of operating segments [line items]        
Biological assets 29,717 25,575 23,131  
Farming | Dairy        
Disclosure of operating segments [line items]        
Biological assets 9,338 6,827 6,786  
Farming | All other segments        
Disclosure of operating segments [line items]        
Biological assets 4,016 2,433 288  
Farming | Operating segments        
Disclosure of operating segments [line items]        
Sales of goods and services rendered 322,559 272,543 273,692  
Cost of goods sold and services rendered (305,221) (258,088) (256,995)  
Initial recognition and changes in fair value of biological assets and agricultural produce 39,430 64,751 21,744  
Changes in net realizable value of agricultural produce after harvest 8,852 (5,841) 14,691  
Margin on manufacturing and agricultural activities before operating expenses 65,620 73,365 53,132  
General and administrative expense 8,912 7,416 8,648  
Selling expenses (21,692) (18,076) (18,976)  
Other operating income, net 9,082 798 16,549  
Share of loss of joint venture 0 0 (2,685)  
Profit from operations 44,098 48,671 39,372  
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     0  
Depreciation and amortization (6,558) (5,291) (7,146)  
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized) 11,720 9,532 3,028  
Initial recognition and changes in fair value of biological assets and agricultural produce (realized) 27,710 55,219 18,716  
Changes in net realizable value of agricultural produce after harvest (unrealized) 2,371 (90) 4,406  
Changes in net realizable value of agricultural produce after harvest (realized) 6,481 (5,751) 10,285  
Farmlands and farmland improvements, net 82,962 92,764    
Machinery, equipment and other fixed assets, net 52,732 26,757    
Bearer plants, net 2,084 1,860    
Work in progress 8,313 7,101    
Investment property 2,271 2,666    
Goodwill 5,811 6,705    
Biological assets 74,816 63,024    
Finished goods 29,622 18,889    
Raw materials, stocks held by third parties and others 29,975 24,835    
Total segment assets 288,586 244,601    
Total debt 138,792 102,099    
Total segment liabilities 138,792 102,099    
Farming | Operating segments | Crops        
Disclosure of operating segments [line items]        
Sales of goods and services rendered 197,222 142,124 154,741  
Cost of goods sold and services rendered (196,302) (141,731) (154,287)  
Initial recognition and changes in fair value of biological assets and agricultural produce 17,158 48,790 11,561  
Changes in net realizable value of agricultural produce after harvest 8,852 (5,841) 14,691  
Margin on manufacturing and agricultural activities before operating expenses 26,930 43,342 26,706  
General and administrative expense 2,981 2,770 3,987  
Selling expenses (7,501) (5,692) (5,672)  
Other operating income, net 7,719 (8,787) 16,422  
Share of loss of joint venture 0 0 (2,685)  
Profit from operations 24,167 26,093 30,784  
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     0  
Depreciation and amortization (1,511) (1,369) (2,427)  
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized) 4,366 5,790 2,234  
Initial recognition and changes in fair value of biological assets and agricultural produce (realized) 12,792 43,000 9,327  
Changes in net realizable value of agricultural produce after harvest (unrealized) 2,371 (90) 4,406  
Changes in net realizable value of agricultural produce after harvest (realized) 6,481 (5,751) 10,285  
Farmlands and farmland improvements, net 59,680 68,224    
Machinery, equipment and other fixed assets, net 21,365 3,892    
Bearer plants, net 252 0    
Work in progress 714 1,100    
Investment property 0 0    
Goodwill 3,221 3,782    
Biological assets 31,745 28,189    
Finished goods 21,146 13,415    
Raw materials, stocks held by third parties and others 17,958 16,147    
Total segment assets 156,081 134,749    
Total debt 69,789 43,878    
Total segment liabilities 69,789 43,878    
Farming | Operating segments | Rice        
Disclosure of operating segments [line items]        
Sales of goods and services rendered 86,478 96,562 84,668  
Cost of goods sold and services rendered (71,087) (83,574) (69,075)  
Initial recognition and changes in fair value of biological assets and agricultural produce 10,236 10,498 2,822  
Changes in net realizable value of agricultural produce after harvest 0 0 0  
Margin on manufacturing and agricultural activities before operating expenses 25,627 23,486 18,415  
General and administrative expense 4,699 3,373 3,136  
Selling expenses (13,324) (11,583) (12,592)  
Other operating income, net 724 402 600  
Share of loss of joint venture 0 0 0  
Profit from operations 8,328 8,932 3,287  
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     0  
Depreciation and amortization (3,851) (2,766) (2,987)  
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized) 5,346 2,316 587  
Initial recognition and changes in fair value of biological assets and agricultural produce (realized) 4,890 8,182 2,235  
Changes in net realizable value of agricultural produce after harvest (unrealized) 0 0 0  
Changes in net realizable value of agricultural produce after harvest (realized) 0 0 0  
Farmlands and farmland improvements, net 13,688 18,868    
Machinery, equipment and other fixed assets, net 18,851 14,949    
Bearer plants, net 0 0    
Work in progress 1,940 3,274    
Investment property 0 0    
Goodwill 1,480 1,737    
Biological assets 29,717 25,575    
Finished goods 8,476 5,474    
Raw materials, stocks held by third parties and others 9,927 6,628    
Total segment assets 84,079 76,505    
Total debt 62,790 47,156    
Total segment liabilities 62,790 47,156    
Farming | Operating segments | Dairy        
Disclosure of operating segments [line items]        
Sales of goods and services rendered 37,523 32,897 32,981  
Cost of goods sold and services rendered (36,979) (32,571) (33,030)  
Initial recognition and changes in fair value of biological assets and agricultural produce 11,769 5,476 7,542  
Changes in net realizable value of agricultural produce after harvest 0 0 0  
Margin on manufacturing and agricultural activities before operating expenses 12,313 5,802 7,493  
General and administrative expense 1,058 983 1,451  
Selling expenses (711) (752) (663)  
Other operating income, net 662 686 (479)  
Share of loss of joint venture 0 0 0  
Profit from operations 11,206 4,753 4,900  
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     0  
Depreciation and amortization (1,037) (964) (1,456)  
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized) 1,849 1,319 0  
Initial recognition and changes in fair value of biological assets and agricultural produce (realized) 9,920 4,157 7,542  
Changes in net realizable value of agricultural produce after harvest (unrealized) 0 0 0  
Changes in net realizable value of agricultural produce after harvest (realized) 0 0 0  
Farmlands and farmland improvements, net 248 168    
Machinery, equipment and other fixed assets, net 12,175 7,449    
Bearer plants, net 0 0    
Work in progress 5,659 2,727    
Investment property 0 0    
Goodwill 0 0    
Biological assets 9,338 6,827    
Finished goods 0 0    
Raw materials, stocks held by third parties and others 1,726 2,060    
Total segment assets 29,146 19,231    
Total debt 2,384 616    
Total segment liabilities 2,384 616    
Farming | Operating segments | All other segments        
Disclosure of operating segments [line items]        
Sales of goods and services rendered 1,336 960 1,302  
Cost of goods sold and services rendered (853) (212) (603)  
Initial recognition and changes in fair value of biological assets and agricultural produce 267 (13) (181)  
Changes in net realizable value of agricultural produce after harvest 0 0 0  
Margin on manufacturing and agricultural activities before operating expenses 750 735 518  
General and administrative expense 174 290 74  
Selling expenses (156) (49) (49)  
Other operating income, net (23) 8,497 6  
Share of loss of joint venture 0 0 0  
Profit from operations 397 8,893 401  
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     0  
Depreciation and amortization (159) (192) (276)  
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized) 159 107 207  
Initial recognition and changes in fair value of biological assets and agricultural produce (realized) 108 (120) (388)  
Changes in net realizable value of agricultural produce after harvest (unrealized) 0 0 0  
Changes in net realizable value of agricultural produce after harvest (realized) 0 0 0  
Farmlands and farmland improvements, net 9,346 5,504    
Machinery, equipment and other fixed assets, net 341 467    
Bearer plants, net 1,832 1,860    
Work in progress 0 0    
Investment property 2,271 2,666    
Goodwill 1,110 1,186    
Biological assets 4,016 2,433    
Finished goods 0 0    
Raw materials, stocks held by third parties and others 364 0    
Total segment assets 19,280 14,116    
Total debt 3,829 10,449    
Total segment liabilities 3,829 10,449    
Sugar, Ethanol and Energy        
Disclosure of operating segments [line items]        
Cost of goods sold and services rendered (461,506) (420,493) (300,791)  
Biological assets 93,178 82,380 59,077  
Finished goods 32,266 49,601 24,631 $ 50,087
Sugar, Ethanol and Energy | Operating segments        
Disclosure of operating segments [line items]        
Sales of goods and services rendered 610,619 596,692 400,622  
Cost of goods sold and services rendered (461,506) (420,493) (300,791)  
Initial recognition and changes in fair value of biological assets and agricultural produce 23,790 60,705 32,784  
Changes in net realizable value of agricultural produce after harvest 0 0 0  
Margin on manufacturing and agricultural activities before operating expenses 172,903 236,904 132,615  
General and administrative expense 26,806 22,648 18,301  
Selling expenses (73,664) (62,518) (50,729)  
Other operating income, net 30,419 (8,903) 6,340  
Share of loss of joint venture 0 0 0  
Profit from operations 102,852 142,835 69,925  
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     0  
Depreciation and amortization (144,449) (122,209) (97,255)  
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized) 2,925 279 8,298  
Initial recognition and changes in fair value of biological assets and agricultural produce (realized) 20,865 60,426 24,486  
Changes in net realizable value of agricultural produce after harvest (unrealized) 0 0 0  
Changes in net realizable value of agricultural produce after harvest (realized) 0 0 0  
Farmlands and farmland improvements, net 26,342 26,734    
Machinery, equipment and other fixed assets, net 390,350 418,543    
Bearer plants, net 236,826 214,309    
Work in progress 21,322 14,540    
Investment property 0 0    
Goodwill 6,601 6,700    
Biological assets 93,178 82,380    
Finished goods 32,266 49,302    
Raw materials, stocks held by third parties and others 17,056 18,728    
Total segment assets 823,941 831,236    
Total debt 633,638 533,297    
Total segment liabilities 633,638 533,297    
Land Transformation | Operating segments        
Disclosure of operating segments [line items]        
Sales of goods and services rendered 0 0 0  
Cost of goods sold and services rendered 0 0 0  
Initial recognition and changes in fair value of biological assets and agricultural produce 0 0 0  
Changes in net realizable value of agricultural produce after harvest 0 0 0  
Margin on manufacturing and agricultural activities before operating expenses 0 0 0  
General and administrative expense 0 0 0  
Selling expenses 0 0 0  
Other operating income, net 0 0 7,914  
Share of loss of joint venture 0 0 0  
Profit from operations 0 0 7,914  
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     16,066  
Depreciation and amortization 0 0 0  
Initial recognition and changes in fair value of biological assets and agricultural produce (unrealized) 0 0 0  
Initial recognition and changes in fair value of biological assets and agricultural produce (realized) 0 0 0  
Changes in net realizable value of agricultural produce after harvest (unrealized) 0 0 0  
Changes in net realizable value of agricultural produce after harvest (realized) 0 0 0  
Farmlands and farmland improvements, net 0 0    
Machinery, equipment and other fixed assets, net 0 0    
Bearer plants, net 0 0    
Work in progress 0 0    
Investment property 0 0    
Goodwill 0 0    
Biological assets 0 0    
Finished goods 0 0    
Raw materials, stocks held by third parties and others 0 0    
Total segment assets 0 0    
Total debt 0 0    
Total segment liabilities $ 0 $ 0    
Reserve from the sale of non- controlling interests in subsidiaries        
Disclosure of operating segments [line items]        
Reserve from the sale of non-controlling interests in subsidiaries (see Note 21)     $ 16,066