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1. COMPANY'S OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2020
Companys Operations  
Schedule of equity interest


1.1. Equity interest
                   
              % equity interest
Entity     Main activity   Country (1)   12.31.20   12.31.19
BRF GmbH     Holding   Austria   100.00    100.00
BRF Foods LLC     Import, industrialization and commercialization of products   Russia   99.90   99.90
BRF Global Company Nigeria Ltd.     Marketing and logistics services   Nigeria   99.00   99.00
BRF Global Company South Africa Proprietary Ltd.     Administrative, marketing and logistics services   South Africa   100.00    100.00
BRF Global Company Nigeria Ltd.     Marketing and logistics services   Nigeria   1.00   1.00
BRF Global GmbH     Holding and trading   Austria   100.00    100.00
BRF Foods LLC     Import, industrialization and commercialization of products   Russia   0.10   0.10
BRF Japan KK     Marketing and logistics services, import, export, industrialization and commercialization of products   Japan   100.00    100.00
BRF Korea LLC     Marketing and logistics services   Korea   100.00    100.00
BRF Shanghai Management Consulting Co. Ltd.     Provision of consultancy and marketing services   China   100.00    100.00
BRF Shanghai Trading Co. Ltd.     Import, export and commercialization of products   China   100.00    100.00
BRF Singapore Foods PTE Ltd.     Administrative, marketing and logistics services   Singapore   100.00    100.00
BRF Hungary LLC (c)   Import and commercialization of products   Hungary    -     100.00
Compañía Paraguaya Comercial S.A. (g)   Import and commercialization of products   Paraguay    -    99.00
Eclipse Holding Cöoperatief U.A.     Holding   The Netherlands 99.99   99.99
Buenos Aires Fortune S.A. (n)   Holding   Argentina   4.36   5.00
Eclipse Latam Holdings     Holding   Spain   100.00    100.00
Buenos Aires Fortune S.A. (o)   Holding   Argentina   95.64   95.00
Perdigão Europe Lda.     Import, export of products and administrative services   Portugal   100.00    100.00
Perdigão International Ltd.     Import and export of products   Cayman Island   100.00    100.00
BFF International Ltd. (f)   Financial fundraising   Cayman Island    -     100.00
Highline International (h)   Financial fundraising   Cayman Island    -     100.00
Sadia Overseas Ltd. (e)   Financial fundraising   Cayman Island    -     100.00
ProudFood Lda     Import and commercialization of products   Angola   90.00   90.00
Sadia Chile S.A.     Import, export and commercialization of products   Chile   40.00   40.00
BRF Global Namíbia (k)   Import and commercialization of products   Namibia    -     100.00
Wellax Food Logistics C.P.A.S.U. Lda.     Import, commercialization of products and administrative services   Portugal   100.00    100.00
BRF Austria GmbH     Holding   Austria   100.00    100.00
One Foods Holdings Ltd     Holding   UAE   100.00    100.00
Al-Wafi Food Products Factory LLC     Import, export, industrialization and commercialization of products   UAE   49.00   49.00
Badi Ltd.     Holding   UAE   100.00    100.00
Al-Wafi Al-Takamol International for Foods Products (b)   Import and commercialization of products   Saudi Arabia   100.00   75.00
BRF Al Yasra Food K.S.C.C. ("BRF AFC")     Import, commercialization and distribution of products   Kuwait   75.00   75.00
BRF Foods GmbH     Industrialization, import and commercialization of products   Austria   100.00    100.00
Al Khan Foodstuff LLC ("AKF")     Import, commercialization and distribution of products   Oman   70.00   70.00
FFM Further Processing Sdn. Bhd. (d)   Industrialization, import and commercialization of products   Malaysia    -    70.00
FFQ GmbH     Industrialization, import and commercialization of products   Austria   100.00    100.00
TBQ Foods GmbH     Holding   Austria   60.00   60.00
Banvit Bandirma Vitaminli     Import, industrialization and commercialization of products   Turkey   91.71   91.71
Banvit Enerji ve Elektrik ÜretimLtd. Sti. (a)   Generation and commercialization of electric energy   Turkey   100.00    100.00
Banvit Foods SRL     Industrialization of grains and animal feed   Romania   0.01   0.01
Nutrinvestments BV     Holding   The Netherlands 100.00    100.00
Banvit ME FZE     Marketing and logistics services   UAE   100.00    100.00
Banvit Foods SRL     Industrialization of grains and animal feed   Romania   99.99   99.99
One Foods Malaysia SDN. BHD.     Marketing and logistics services   Malaysia   100.00    100.00
Federal Foods LLC     Import, commercialization and distribution of products   UAE   49.00   49.00
Federal Foods Qatar     Import, commercialization and distribution of products   Qatar   49.00   49.00
BRF Hong Kong LLC (a)   Import, commercialization and distribution of products   Hong Kong   100.00    100.00
Eclipse Holding Cöoperatief U.A.     Holding   The Netherlands 0.01   0.01
Establecimiento Levino Zaccardi y Cia. S.A. (a) (l)   Industrialization and commercialization of dairy products   Argentina   99.99   99.94
BRF Energia S.A.     Commercialization of eletric energy   Brazil   100.00    100.00
BRF Pet S.A.     Industrialization, commercialization and distribution of feed and nutrients for animals   Brazil   100.00    100.00
PP-BIO Administração de bem próprio S.A.     Management of assets   Brazil   33.33   33.33
PR-SAD Administração de bem próprio S.A.     Management of assets   Brazil   33.33   33.33
ProudFood Lda     Import and commercialization of products   Angola   10.00   10.00
PSA Laboratório Veterinário Ltda.     Veterinary activities   Brazil   99.99   99.99
Sino dos Alpes Alimentos Ltda. (a)   Industrialization and commercialization of products   Brazil   99.99   99.99
Sadia Alimentos S.A.     Holding   Argentina   43.10   43.10
                   
                   
              % equity interest
Entity     Main activity   Country (1)   12.31.20   12.31.19
Sadia Chile S.A. (j)   Import, export and marketing of products   Chile   60.00    - 
Sadia International Ltd.     Import and commercialization of products   Cayman Island   100.00    100.00
Sadia Chile S.A. (j)   Import, export and marketing of products   Chile    -    60.00
Sadia Uruguay S.A. (i)   Import and commercialization of products   Uruguay    -    5.10
Sadia Uruguay S.A. (i)   Import and commercialization of products   Uruguay   100.00   94.90
Sadia Alimentos S.A.     Holding   Argentina   56.90   56.90
Compañía Paraguaya Comercial S.A. (g)   Import and commercialization of products   Paraguay    -    1.00
Vip S.A. Empreendimentos e Participações Imobiliárias     Commercialization of owned real state   Brazil   100.00    100.00
Establecimiento Levino Zaccardi y Cia. S.A. (a) (m)   Industrialization and commercialization of dairy products   Argentina   0.01   0.06
PSA Laboratório Veterinário Ltda.     Veterinary activities   Brazil   0.01   0.01
Sino dos Alpes Alimentos Ltda. (a)   Industrialization and commercialization of products   Brazil   0.01   0.01
                   

(1) UAE – United Arab Emirates.

 

a) Dormant subsidiaries. The Company is evaluating the liquidation of these subsidiaries.
b) On April 21, 2020, Badi Ltd. acquired the non-controlling portion of Al-Wafi Al-Takamol International for Foods Products by the amount equivalent to R$100,390 (USD 19,000).
c) On June 10, 2020, BRF Hungary LLC was dissolved.
d) On June 24, 2020, BRF Foods GmbH sold all shares held in FFM Further Processing Sdn. Bhd. to FFM Berhad for the amount equivalent to R$38,546 (USD7,350). The amount received is presented in the Investing Activities on the Statement of Cash Flows.
e) On July 8, 2020, Sadia Overseas Ltd. was liquidated.
f) On October 22, 2020 the subsidiary BFFI International Ltd. was dissolved.
g) On November 3, 2020 the subsidiary Compañía Paraguaya Comercial S.A. was dissolved.
h) On November 5, 2020 the subsidiary Highline International was dissolved.
i) On November 10, 2020 Sadia International Ltd. sold to BRF S.A. the participation of 50% held in Sadia Uruguay S.A.
j) On November 10, 2020 Sadia International Ltd. sold to BRF S.A. the participation of 60% held in Sadia Chile S.A.
k) On November 11, 2020 the subsidiary BRF Global Namíbia was dissolved.
l) On December 3, 2020, BRF S.A. became owner of 99.99% of Establecimiento Levino Zaccardi y Cia. S.A.
m) On December 3, 2020, Vip S.A. Empreendimentos e Participações Imobiliárias became owner of 0.01% of Establecimiento Levino Zaccardi y Cia. S.A.
n) On December 17, 2020, Eclipse Holding Cöoperatief U.A. became owner of 4.36% of Buenos Aires Fortune S.A.
o) On December 17, 2020, Eclipse Latam Holdings became owner of 95.64% of Buenos Aires Fortune S.A.
Schedule of consolidated financial statements consolidated financial statements and those filed with the CVM,

The main differences between these consolidated financial statements and those filed with the CVM, are disclosed below:

 

    As filed with the CVM   Adjustment for class action settlement   As filed with the SEC   Corresponding notes
    12.31.20   12.31.19   12.31.20   12.31.19   12.31.20   12.31.19   12.31.20
Statement of income (loss)                            
Other operating income (expenses), net    (254,178)   428,820    204,436   (204,436)    (49,742)    224,384    24 and 26 
Income taxes   242,271   125,887    (69,508)    69,508   172,763    195,395    10 
Net income from continuing operations   1,390,069    1,213,261    134,928   (134,928)   1,524,997   1,078,333    22 
                             
Statement of Financial Position                            
Other current liabilities   814,638   512,591   -    204,436   814,638    717,027    - 
Deferred income taxes   2,109,064    1,845,862   -    69,508   2,109,064   1,915,370    10 
Accumulated losses   (2,594,028)   (3,996,985)   -   (134,928)   (2,594,028)   (4,131,913)    21.3 
Total assets and total liabilities and equity   49,664,906   41,700,631   -    69,508   49,664,906   41,770,139   -
Schedule of statement of income (loss)

Due to the pandemic, the Company has incurred in direct expenditures, such as transportation, personnel, prevention, control and donations, which are presented in the statement of income (loss) within the following line items:

 

    12.31.20
Cost of sales (1)   (356,960)
Selling expenses   (56,307)
General and administrative expenses   (86,032)
    (499,299)
  (1) Includes non-incremental expenditures related do idleness in the amount of R$55,926.