Acquisitions and disposals (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of detailed information about business combination [abstract]

The following table summarizes the purchase price:


Purchase consideration:
Amount paid in cash						1,512
Amounts to be paid in installments (*)						16,242
Total purchase consideration						17,754
Fair value of net assets acquired						27,507
Bargain purchase on acquisition over the total purchase consideration						9,753

During 2023, an amount of US$3,193 of the installments was paid.

(*) Amounts to be paid in installments were discounted at present value as of the date of acquisition at a 6.5% discount rate.

The assets and liabilities at the date of acquisition are as follows:


Cash and cash equivalents			3,266
Trade and other receivables			21,068
Inventories			50,891
Biological assets			1,676
Property, plant and equipment			21,479
Total Assets			98,380
Trade and other payables			(50,062)
Payroll and other liabilities			(961)
Borrowings			(17,738)
Deferred income tax liabilities			(1,812)
Provision for other liabilities			(300)
Total Liabilities			(70,873)
Fair value of Net Assets Acquired			27,507

The following table summarizes the sales of goods and services rendered and profit from operations of the subsidiaries acquired included in the consolidated financial statements of income for the year end December 31, 2022 as from the date of acquisition:


						Period from the date of acquisition to December 31 2022
Sales of goods and services rendered						61,363
Profit from operations						6,131