XML 106 R84.htm IDEA: XBRL DOCUMENT v3.22.1
Segment information - Reconciliation (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Disclosure of operating segments [line items]      
Sales of goods and services rendered $ 1,124,352 $ 817,764 $ 887,138
Cost of goods sold and services rendered (854,965) (611,946) (671,173)
Initial recognition and changes in fair value of biological assets and agricultural produce 227,740 122,729 68,589
Changes in net realizable value of agricultural produce after harvest (12,879) 7,005 1,825
Margin on manufacturing and agricultural activities before operating expenses 484,248 335,552 286,379
General and administrative expenses (69,794) (53,428) (57,202)
Selling expenses (117,662) (95,058) (106,972)
Other operating (expense)/ income, net (18,768) 1,987 (822)
Profit from operations 278,024 189,053 121,383
Depreciation and amortization (168,928) (141,872) (174,439)
Net (loss) / gain from Fair value adjustment of investment property (4,331) 1,077 (325)
IAS 29 and IAS 21 adjustment      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 26,629 (4,711) (4,416)
Cost of goods sold and services rendered (20,903) 3,829 4,014
Initial recognition and changes in fair value of biological assets and agricultural produce 16,542 (2,013) (1,706)
Changes in net realizable value of agricultural produce after harvest (1,221) (71) 283
Margin on manufacturing and agricultural activities before operating expenses 21,047 (2,966) (1,825)
General and administrative expenses (4,159) 710 595
Selling expenses (4,815) 808 656
Other operating (expense)/ income, net (650) (46) 315
Profit from operations 11,423 (1,494) (259)
Depreciation and amortization (2,309) 416 139
Net (loss) / gain from Fair value adjustment of investment property (447) (3) 602
Operating segments      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 1,097,723 822,475 891,554
Cost of goods sold and services rendered (834,062) (615,775) (675,187)
Initial recognition and changes in fair value of biological assets and agricultural produce 211,198 124,742 70,295
Changes in net realizable value of agricultural produce after harvest (11,658) 7,076 1,542
Margin on manufacturing and agricultural activities before operating expenses 463,201 338,518 288,204
General and administrative expenses (65,635) (54,138) (57,797)
Selling expenses (112,847) (95,866) (107,628)
Other operating (expense)/ income, net (18,118) 2,033 (1,137)
Profit from operations 266,601 190,547 121,642
Depreciation and amortization (166,619) (142,288) (174,578)
Net (loss) / gain from Fair value adjustment of investment property (3,884) 1,080 (927)
Farming | Operating segments      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 535,713 411,016 359,771
Cost of goods sold and services rendered (465,561) (344,878) (314,621)
Initial recognition and changes in fair value of biological assets and agricultural produce 122,539 74,394 57,185
Changes in net realizable value of agricultural produce after harvest (10,163) 7,076 1,542
Margin on manufacturing and agricultural activities before operating expenses 182,528 147,608 103,877
General and administrative expenses (24,052) (18,877) (16,553)
Selling expenses (59,595) (46,476) (40,347)
Other operating (expense)/ income, net (7,444) (11,235) (3,592)
Profit from operations 91,437 71,020 43,385
Depreciation and amortization (21,900) (18,896) (16,901)
Net (loss) / gain from Fair value adjustment of investment property (3,884) 1,080 (927)
Farming | Crops      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 240,730 168,461 166,446
Cost of goods sold and services rendered (213,231) (149,250) (156,510)
Initial recognition and changes in fair value of biological assets and agricultural produce 73,990 40,104 29,741
Changes in net realizable value of agricultural produce after harvest (11,384) 7,007 1,825
Margin on manufacturing and agricultural activities before operating expenses 90,105 67,061 41,502
General and administrative expenses (11,100) (6,694) (5,533)
Selling expenses (23,419) (17,998) (12,724)
Other operating (expense)/ income, net (3,723) (12,853) (2,508)
Profit from operations 51,863 29,516 20,737
Depreciation and amortization (7,135) (5,286) (4,799)
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Farming | Crops | IAS 29 and IAS 21 adjustment      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 11,836 (1,653) (2,492)
Cost of goods sold and services rendered (10,083) 1,495 2,687
Initial recognition and changes in fair value of biological assets and agricultural produce 8,286 (934) (549)
Changes in net realizable value of agricultural produce after harvest (1,221) (71) 283
Margin on manufacturing and agricultural activities before operating expenses 8,818 (1,163) (71)
General and administrative expenses (827) 122 (87)
Selling expenses (1,494) 267 128
Other operating (expense)/ income, net (185) (7) (225)
Profit from operations 6,312 (781) (255)
Depreciation and amortization (634) 111 (137)
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Farming | Crops | Operating segments      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 228,894 170,114 168,938
Cost of goods sold and services rendered (203,148) (150,745) (159,197)
Initial recognition and changes in fair value of biological assets and agricultural produce 65,704 41,038 30,290
Changes in net realizable value of agricultural produce after harvest (10,163) 7,078 1,542
Margin on manufacturing and agricultural activities before operating expenses 81,287 67,485 41,573
General and administrative expenses (10,273) (6,816) (5,446)
Selling expenses (21,925) (18,265) (12,852)
Other operating (expense)/ income, net (3,538) (12,846) (2,283)
Profit from operations 45,551 29,558 20,992
Depreciation and amortization (6,501) (5,397) (4,662)
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Farming | Rice      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 134,869 101,862 101,156
Cost of goods sold and services rendered (112,045) (73,830) (73,951)
Initial recognition and changes in fair value of biological assets and agricultural produce 43,834 18,677 12,215
Changes in net realizable value of agricultural produce after harvest 0 0 0
Margin on manufacturing and agricultural activities before operating expenses 66,658 46,709 39,420
General and administrative expenses (9,760) (6,899) (6,605)
Selling expenses (18,108) (13,923) (20,574)
Other operating (expense)/ income, net 285 713 267
Profit from operations 39,075 26,600 12,508
Depreciation and amortization (8,894) (6,505) (6,823)
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Farming | Rice | IAS 29 and IAS 21 adjustment      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 4,343 (1,024) (1,006)
Cost of goods sold and services rendered (2,336) 565 529
Initial recognition and changes in fair value of biological assets and agricultural produce 6,715 (772) (979)
Changes in net realizable value of agricultural produce after harvest 0 0 0
Margin on manufacturing and agricultural activities before operating expenses 8,722 (1,231) (1,456)
General and administrative expenses (869) 146 147
Selling expenses (1,490) 247 498
Other operating (expense)/ income, net 46 (18) (15)
Profit from operations 6,409 (856) (826)
Depreciation and amortization (814) 147 171
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Farming | Rice | Operating segments      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 130,526 102,886 102,162
Cost of goods sold and services rendered (109,709) (74,395) (74,480)
Initial recognition and changes in fair value of biological assets and agricultural produce 37,119 19,449 13,194
Changes in net realizable value of agricultural produce after harvest 0 0 0
Margin on manufacturing and agricultural activities before operating expenses 57,936 47,940 40,876
General and administrative expenses (8,891) (7,045) (6,752)
Selling expenses (16,618) (14,170) (21,072)
Other operating (expense)/ income, net 239 731 282
Profit from operations 32,666 27,456 13,334
Depreciation and amortization (8,080) (6,652) (6,994)
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Farming | Dairy      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 183,054 133,474 83,822
Cost of goods sold and services rendered (158,077) (116,007) (76,694)
Initial recognition and changes in fair value of biological assets and agricultural produce 19,895 12,344 13,510
Changes in net realizable value of agricultural produce after harvest 0 (2) 0
Margin on manufacturing and agricultural activities before operating expenses 44,872 29,809 20,638
General and administrative expenses (5,256) (4,788) (4,098)
Selling expenses (22,572) (13,540) (6,234)
Other operating (expense)/ income, net (170) (186) (703)
Profit from operations 16,874 11,295 9,603
Depreciation and amortization (7,941) (6,568) (4,966)
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Farming | Dairy | IAS 29 and IAS 21 adjustment      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 10,251 (1,997) (945)
Cost of goods sold and services rendered (8,339) 1,747 838
Initial recognition and changes in fair value of biological assets and agricultural produce 1,559 (294) (231)
Changes in net realizable value of agricultural produce after harvest 0 0 0
Margin on manufacturing and agricultural activities before operating expenses 3,471 (544) (338)
General and administrative expenses (541) 108 90
Selling expenses (1,793) 284 18
Other operating (expense)/ income, net (20) 3 (68)
Profit from operations 1,117 (149) (298)
Depreciation and amortization (797) 141 98
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Farming | Dairy | Operating segments      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 172,803 135,471 84,767
Cost of goods sold and services rendered (149,738) (117,754) (77,532)
Initial recognition and changes in fair value of biological assets and agricultural produce 18,336 12,638 13,741
Changes in net realizable value of agricultural produce after harvest 0 (2) 0
Margin on manufacturing and agricultural activities before operating expenses 41,401 30,353 20,976
General and administrative expenses (4,715) (4,896) (4,188)
Selling expenses (20,779) (13,824) (6,252)
Other operating (expense)/ income, net (150) (189) (635)
Profit from operations 15,757 11,444 9,901
Depreciation and amortization (7,144) (6,709) (5,064)
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Farming | All other segments      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 3,689 2,508 3,931
Cost of goods sold and services rendered (3,111) (1,962) (3,452)
Initial recognition and changes in fair value of biological assets and agricultural produce 1,362 1,256 13
Changes in net realizable value of agricultural produce after harvest 0 0 0
Margin on manufacturing and agricultural activities before operating expenses 1,940 1,802 492
General and administrative expenses (187) (118) (150)
Selling expenses (290) (214) (182)
Other operating (expense)/ income, net (4,465) 1,067 (354)
Profit from operations (3,002) 2,537 (194)
Depreciation and amortization (190) (135) (177)
Net (loss) / gain from Fair value adjustment of investment property (4,331) 1,077 (325)
Farming | All other segments | IAS 29 and IAS 21 adjustment      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 199 (37) 27
Cost of goods sold and services rendered (145) 22 (40)
Initial recognition and changes in fair value of biological assets and agricultural produce (18) (13) 53
Changes in net realizable value of agricultural produce after harvest 0 0 0
Margin on manufacturing and agricultural activities before operating expenses 36 (28) 40
General and administrative expenses (14) 2 17
Selling expenses (17) 3 (11)
Other operating (expense)/ income, net (470) (2) 602
Profit from operations (465) (25) 648
Depreciation and amortization (15) 3 4
Net (loss) / gain from Fair value adjustment of investment property (447) (3) 602
Farming | All other segments | Operating segments      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 3,490 2,545 3,904
Cost of goods sold and services rendered (2,966) (1,984) (3,412)
Initial recognition and changes in fair value of biological assets and agricultural produce 1,380 1,269 (40)
Changes in net realizable value of agricultural produce after harvest 0 0 0
Margin on manufacturing and agricultural activities before operating expenses 1,904 1,830 452
General and administrative expenses (173) (120) (167)
Selling expenses (273) (217) (171)
Other operating (expense)/ income, net (3,995) 1,069 (956)
Profit from operations (2,537) 2,562 (842)
Depreciation and amortization (175) (138) (181)
Net (loss) / gain from Fair value adjustment of investment property (3,884) 1,080 (927)
 Land Transformation      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 0 0  
Cost of goods sold and services rendered 0 0  
Initial recognition and changes in fair value of biological assets and agricultural produce 0 0  
Changes in net realizable value of agricultural produce after harvest 0 0  
Margin on manufacturing and agricultural activities before operating expenses 0 0  
General and administrative expenses 0 (4)  
Selling expenses 0 0  
Other operating (expense)/ income, net 6,613 7,920  
Profit from operations 6,613 7,916  
Depreciation and amortization 0 0  
Net (loss) / gain from Fair value adjustment of investment property 0 0  
 Land Transformation | IAS 29 and IAS 21 adjustment      
Disclosure of operating segments [line items]      
Sales of goods and services rendered 0 0  
Cost of goods sold and services rendered 0 0  
Initial recognition and changes in fair value of biological assets and agricultural produce 0 0  
Changes in net realizable value of agricultural produce after harvest 0 0  
Margin on manufacturing and agricultural activities before operating expenses 0 0  
General and administrative expenses 0 (4)  
Selling expenses 0 0  
Other operating (expense)/ income, net 0 (14)  
Profit from operations 0 (18)  
Depreciation and amortization 0 0  
Net (loss) / gain from Fair value adjustment of investment property 0 0  
 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 expenses 0 0 0
Selling expenses 0 0 0
Other operating (expense)/ income, net 6,613 7,934 2,504
Profit from operations 6,613 7,934 2,504
Depreciation and amortization 0 0 0
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Corporate | IAS 29 and IAS 21 adjustment      
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 expenses (1,908) 336 428
Selling expenses (21) 7 23
Other operating (expense)/ income, net (21) (8) 21
Profit from operations (1,950) 335 472
Depreciation and amortization (49) 14 3
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Corporate | 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 expenses (22,119) (19,319) (19,319)
Selling expenses (306) (202) (165)
Other operating (expense)/ income, net 103 (161) (175)
Profit from operations (22,322) (19,682) (19,659)
Depreciation and amortization (738) (876) (20)
Net (loss) / gain from Fair value adjustment of investment property 0 0 0
Corporate | 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 expenses (24,027) (18,983) (18,891)
Selling expenses (327) (195) (142)
Other operating (expense)/ income, net 82 (169) (154)
Profit from operations (24,272) (19,347) (19,187)
Depreciation and amortization (787) (862) (17)
Net (loss) / gain from Fair value adjustment of investment property $ 0 $ 0 $ 0