XML 93 R68.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Borrowings (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Financial Instruments [Abstract] |
Schedule of Detailed Information about Borrowings |
| 2023 |  | 2022
Non-current |  |  |
Senior Notes | 498,347 |  |  | 497,901 |
Bank borrowings | 199,496 |  |  | 230,082 |
| 697,843 |  |  | 727,983 |
Current |  |  |
Senior Notes | 8,250 |  |  | 8,250 |
Bank overdrafts | 4,386 |  |  | 48,058 |
Bank borrowings | 194,470 |  |  | 223,461 |
| 207,106 |  |  | 279,769 |
Total borrowings | 904,949 |  |  | 1,007,752 |
The maturity of the Group's borrowings and the Group's exposure to fixed and variable interest rates is as follows:
| 2023 |  | 2022
Fixed rate: |  |  |
Less than 1 year | 117,105 |  |  | 272,900 |
Between 1 and 2 years | 6,010 |  |  | 27,720 |
Between 2 and 3 years | 5,508 |  |  | 2,222 |
Between 4 and 5 years | 498,347 |  |  | — |
More than 5 years | — |  |  | 497,901 |
| 626,970 |  |  | 800,743 |
Variable rate: |  |  |
Less than 1 year | 90,001 |  |  | 6,869 |
Between 1 and 2 years | 37,712 |  |  | 35,355 |
Between 2 and 3 years | 91,878 |  |  | 32,851 |
Between 3 and 4 years | 56,605 |  |  | 80,115 |
Between 4 and 5 years | 1,783 |  |  | 50,211 |
More than 5 years | — |  |  | 1,608 |
| 277,979 |  |  | 207,009 |
| 904,949 |  |  | 1,007,752 |
The main loans of the Group’s Brazilian Subsidiaries are:
Bank | Grant date | Nominal amount | Capital outstanding as of December 31 | Maturity date | Annual interest rate
2023 | 2022
(In millions) | Millions of Brazilian Real | Millions of equivalent Dollars | Millions of equivalent Dollars
Certificados Recebíveis do Agronegócio (CRA) | December, 2019 | R$ | 400.0 |  | R$ | 400.0 |  | 82.6 |  | 76.7 |  | November-27 | 3.80% + IPCA
Debênture (1) | December, 2020 | R$ | 400.0 |  | R$ | 400.0 |  | 82.6 |  | 76.7 |  | December-26 | 4.24% + IPCA
Banco do Brasil (CCB) | December, 2020 | R$ | 30.0 |  | R$ | 15.0 |  | 3.1 |  | 5.7 |  | January-24 | CDI + 2.32%
Itaú BBA (NCR) | June, 2023 | R$ | 40.0 |  | R$ | 40.0 |  | 8.3 |  | — |  | March 2024 | CDI + 1.48%
(1) Collateralized by long term power purchase agreement (PPA). The main loans of the Group’s Argentinian Subsidiaries are:
Bank | Grant date | Nominal amount | Capital outstanding as of December 31 | Maturity date | Annual interest rate
2023 | 2022
(In millions) | (In millions) | (In millions)
IFC (1) | 2020 | US$20.0 | 16.33 | 18.60 | June, 2028 | 4% plus SOFR
(1) Collateralized by a US$100.0 million mortgage over Carmen, Abolengo and San Carlos farms, which are property of Adeco Agropecuaria S.A. Evolution of the Group's borrowings as December 31, 2023 and 2022 is as follow:
| 2023 |  | 2022
Amount at the beginning of the year | 1,007,752 |  |  | 817,651 |
Proceeds from long term borrowings | 7,739 |  |  | 41,082 |
Payments of long term borrowings | (24,105) |  |  | (14,012) |
Proceeds from short term borrowings | 448,532 |  |  | 347,928 |
Payments of short term borrowings | (420,276) |  |  | (192,648) |
Payments of interest (1) | (43,457) |  |  | (33,189) |
Accrued interest | 33,495 |  |  | 51,596 |
Acquisition of subsidiaries (Note 21) | — |  |  | 17,738 |
Exchange differences, inflation and translation, net | (105,465) |  |  | (30,489) |
Others | 734 |  |  | 2,095 |
Amount at the end of the year | 904,949 |  |  | 1,007,752 |
(1) Excludes payment of interest related to trade and other payables.

X
- Definition Financial Instruments [Abstract] + References No definition available. + Details
Name: | agro_FinancialInstrumentsAbstract
Namespace Prefix: | agro_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2023-01-01 -Paragraph 7 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration