Changes in the Group’s property, plant and equipment in 2019 and 2018 were as follows:



	Farmlands		Farmland improvements		Buildings and facilities		Machinery, equipment, furniture and fittings		Bearer plants		Others		Work in progress		Total
At January 1, 2018
Cost	110,743		22,399		329,366		696,266		421,855		16,999		29,635		1,627,263
Accumulated depreciation	—		(13,392	)	(136,522	)	(450,186	)	(182,945	)	(12,841	)	—		(795,886	)
Net book amount	110,743		9,007		192,844		246,080		238,910		4,158		29,635		831,377
At December 31, 2018
Opening net book amount	110,743		9,007		192,844		246,080		238,910		4,158		29,635		831,377
Adjustment of opening net book amount for the application of IAS 29	211,328		11,520		22,563		5,181		—		1,140		856		252,588
Exchange differences	(78,858	)	(3,310	)	(34,195	)	(49,222	)	(36,504	)	1,410		(6,408	)	(207,087	)
Additions	—		97		13,773		50,759		96,365		2,098		61,829		224,921
Revaluation surplus	545,129		—		—		—		—		—		—		545,129
Reclassification from investment property	3,313		—		—		—		—		—		—		3,313
Transfers	—		2,012		14,264		18,577		—		49		(34,902	)	—
Disposals	—		—		(149	)	(2,144	)	—		(85	)	(67	)	(2,445	)
Disposals of subsidiaries	(11,471	)	—		(593	)	(17	)	(1,667	)	—		—		(13,748	)
Reclassification to non-income tax credits (*)	—		—		(114	)	(422	)	—		—		(39	)	(575	)
Depreciation	—		(3,002	)	(19,771	)	(63,644	)	(64,148	)	(2,469	)	—		(153,034	)
Closing net book amount	780,184		16,324		188,622		205,148		232,956		6,301		50,904		1,480,439



	Farmlands		Farmland improvements		Buildings and facilities		Machinery, equipment, furniture and fittings		Bearer plants		Others		Work in progress		Total
At December 31, 2018
Fair value for farmlands / Cost	780,184		32,718		344,915		718,978		480,049		21,611		50,904		2,429,359
Accumulated depreciation	—		(16,394	)	(156,293	)	(513,830	)	(247,093	)	(15,310	)	—		(948,920	)
Net book amount	780,184		16,324		188,622		205,148		232,956		6,301		50,904		1,480,439
Year ended December 31, 2019
Opening net book amount	780,184		16,324		188,622		205,148		232,956		6,301		50,904		1,480,439
Exchange differences	(25,205	)	(536	)	(6,846	)	(8,770	)	(9,802	)	(207	)	(3,170	)	(54,536	)
Additions	1,738		62		38,570		62,320		102,813		2,160		54,488		262,151
Revaluation surplus	(42,384	)	—		—		—		—		—		—		(42,384	)
Acquisition of subsidiaries	815		—		24,126		5,280		—		437		—		30,658
Reclassification from investment property	4,816		—		—		—		—		—		—		4,816
Transfers	—		12,643		13,614		16,772		—		35		(43,064	)	—
Disposals	—		—		(81	)	(3,308	)	—		(129	)	—		(3,518	)
Disposals of subsidiaries	(10,379	)	—		(571	)	(22	)	—		—		—		(10,972	)
Reclassification to non-income tax credits (*)	—		—		—		(226	)	—		—		—		(226	)
Depreciation	—		(3,213	)	(24,714	)	(70,921	)	(72,447	)	(1,913	)	—		(173,208	)
Closing net book amount	709,585		25,280		232,720		206,273		253,520		6,684		59,158		1,493,220
At December 31, 2019
Fair value for farmlands / Cost	709,585		44,887		413,727		791,024		573,060		23,907		59,158		2,615,348
Accumulated depreciation	—		(19,607	)	(181,007	)	(584,751	)	(319,540	)	(17,223	)	—		(1,122,128	)
Net book amount	709,585		25,280		232,720		206,273		253,520		6,684		59,158		1,493,220

(*) Brazilian federal tax law allows entities to take a percentage of the total cost of the assets purchased as a tax credit. As of December 31, 2019 and 2018, ICMS (Imposto sobre Circulação de Mercadorias e Prestação de Serviços) tax credits were reclassified to trade and other receivables.

Depreciation is calculated using the straight-line method to allocated their cost over the estimated usefull lives. Farmlands are not depreciated.



Farmland improvements	5-25 years
Buildings and facilities	20 years
Furniture and fittings	10 years
Computer equipment	3-5 years
Machinery and equipment	4-10 years
Vehicles	4-5 years
Bearer plants	6 years - based on productivity