XML 96 R73.htm IDEA: XBRL DOCUMENT v3.19.1
Financial risk management - Narrative (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2018
USD ($)
customer
bank
Dec. 31, 2017
USD ($)
customer
bank
Dec. 31, 2016
USD ($)
Jul. 31, 2016
BRL (R$)
Dec. 31, 2015
USD ($)
 [1]
Disclosure of major customers [line items]          
Percentage of sales designated for hedging activities 19.50% 24.60%      
Gain (loss) on hedge ineffectiveness recognised in other comprehensive income $ 75,822 $ (530)      
Reclassification adjustments on cash flow hedges for which hedged item affected profit or loss, net of tax (26,693) 20,758      
Cash and cash equivalents $ 273,635 $ 269,195 [1],[2] $ 158,568 [1],[2]   $ 198,894
Number of major banks | bank 5 4      
Gearing ratio 44.00% 54.00%      
Nominal amount $ 68,100 $ 63,300 $ 111,800    
Derivative financial liabilities 283 552      
Notional amount $ 55,828 $ 130,069      
Bottom of range          
Disclosure of major customers [line items]          
Gearing ratio 40.00%        
Top of range          
Disclosure of major customers [line items]          
Gearing ratio 60.00%        
Interest rate risk          
Disclosure of major customers [line items]          
Sensitivity analysis for types of market risk as a percentage 10000.00%        
Interest rate risk | Bradesco          
Disclosure of major customers [line items]          
Nominal amount | R$       R$ 90,000,000  
Interest rate risk | Floating interest rate          
Disclosure of major customers [line items]          
Sensitivity analysis for types of market risk as a percentage 1.00%        
Borrowings, interest rate       2.10%  
Interest rate risk | Fixed interest rate          
Disclosure of major customers [line items]          
Sensitivity analysis for types of market risk as a percentage   1.00%      
Borrowings, interest rate       6.55%  
Credit risk          
Disclosure of major customers [line items]          
Percentage of total cash deposited in major banks 78.00% 78.00%      
Number of major banks | bank 1        
Credit risk | Crops          
Disclosure of major customers [line items]          
Percentage of sales 87.00% 97.00%      
Number of well-known customers | customer 49 111      
Credit risk | Ethanol          
Disclosure of major customers [line items]          
Percentage of sales 100.00% 100.00%      
Number of well-known customers | customer 54 7      
Credit risk | Sugar          
Disclosure of major customers [line items]          
Percentage of sales 99.00% 87.00%      
Number of well-known customers | customer 19 24      
Credit risk | Crystal Sugar          
Disclosure of major customers [line items]          
Percentage of sales 1.00% 13.00%      
Credit risk | Energy          
Disclosure of major customers [line items]          
Percentage of sales 97.00% 99.00%      
Number of well-known customers | customer 29        
Credit risk | Dairy          
Disclosure of major customers [line items]          
Percentage of sales 92.00% 100.00%      
Number of well-known customers | customer 21 29      
Currency risk          
Disclosure of major customers [line items]          
Sensitivity analysis for types of market risk as a percentage 10.00% 10.00%      
Argentine Peso | Currency risk | Forward contract          
Disclosure of major customers [line items]          
Gain (loss) on hedge ineffectiveness recognised in profit or loss $ 3        
US Dollar | Currency risk | Forward contract          
Disclosure of major customers [line items]          
Notional amount 4,900 $ 10,500      
Gain (loss) on hedge ineffectiveness recognised in profit or loss 100 100      
Brazilian Reais | Euro-bob swap          
Disclosure of major customers [line items]          
Gain (loss) on hedge ineffectiveness recognised in profit or loss 1,600        
Brazilian Reais | Interest rate risk | Floating interest rate          
Disclosure of major customers [line items]          
Borrowings, interest rate       6.55%  
Brazilian Reais | Currency risk | Forward contract          
Disclosure of major customers [line items]          
Notional amount 57,200        
Gain (loss) on hedge ineffectiveness recognised in profit or loss $ 2,000 $ 5,000      
[1] Prior periods have been recast to reflect the Company's change in accounting policy for Investment properties as described in Note 33.
[2] Prior periods have been recast to reflect the Company's change in accounting policy for Investment properties as in Note 33.