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17. LEASES (Tables)

12 Months Ended

Dec. 31, 2020

Presentation of leases for lessee [abstract]

Schedule of finance leases mainly for the acquisitions of machinery, equipment, vehicles, software and buildings

The right-of-use assets as set forth below are part of the balances of property, plant and equipment and intangible assets (notes 12 and 13).


	Average rate (1)		12.31.19		Additions		Disposals	Transfers			Exchange rate variation		12.31.20
Cost
Land			22,790		5,900		(961)	20,751			181		48,661
Buildings			2,615,883		287,451		(86,557)	(2,487)			47,626		2,861,916
Machinery and equipment			115,173		5,518		(8,289)	-			191		112,593
Vehicles			207,443		165,699		(54,260)	-			26,036		344,918
Software			55,705		72,766		(35,625)	(18,264)			-		74,582
			3,016,994		537,334		(185,692)	-			74,034		3,442,670

Depreciation
Land	16.32%		(5,086)		(6,861)		813	(1,799)			(593)		(13,526)
Buildings	29.11%		(512,836)		(464,159)		85,042	(6,765)			(16,098)		(914,816)
Machinery and equipment	42.48%		(96,958)		(17,865)		7,610	-			(103)		(107,316)
Vehicles	26.39%		(57,357)		(71,768)		41,024	-			(13,394)		(101,495)
Software	45.21%		(44,815)		(32,422)		35,625	8,564			-		(33,048)
			(717,052)		(593,075)		170,114	-			(30,188)		(1,170,201)
			2,299,942		(55,741)		(15,578)	-			43,846		2,272,469

(1)

Weighted average annual rate.


	Average rate (1)		12.31.18		Initial adoption IFRS 16		Additions		Disposals		Exchange rate variation		Transfers		12.31.19
Cost
Land			-		23,453		-		(421)		(42)		(200)		22,790
Buildings			214,171		2,278,982		216,514		(119,540)		4,650		21,106		2,615,883
Machinery and equipment			129,589		1,182		4,110		(13,321)		28		(6,415)		115,173
Facilities			14,492		-		-		-		-		(14,492)		-
Vehicles			-		94,065		119,422		(8,751)		2,707		-		207,443
Software			68,424		61		(6,998)		(50,160)		-		44,378		55,705
			426,676		2,397,743		333,048		(192,193)		7,343		44,377		3,016,994

Depreciation
Land	22.31%		-		-		(5,134)		27		21		-		(5,086)
Buildings	17.79%		(74,527)		-		(429,600)		1,948		(644)		(10,013)		(512,836)
Machinery and equipment	36.32%		(75,422)		-		(39,361)		9,545		(8)		8,288		(96,958)
Facilities	-		(1,725)		-		-		-		-		1,725		-
Vehicles	34.32%		-		-		(58,325)		1,502		(534)		-		(57,357)
Software	67.81%		(57,486)		-		(37,489)		50,160		-		-		(44,815)
			(209,160)		-		(569,909)		63,182		(1,165)		-		(717,052)
			217,516		2,397,743		(236,861)		(129,011)		6,178		44,377		2,299,942

(1)

Weighted average annual rate.

Schedule of lease liabilities

17.2.

Lease liabilities


	WAM (1)		12.31.19		Additions		Payments		Interest paid		Interest accrued		Disposals		Transfers		Exchange rate variation		12.31.20
Land	4.7		20,355		5,900		(5,819)		(4,716)		4,716		(1,729)		18,811		350		37,868
Buildings	3.4		2,227,026		310,204		(425,594)		(99,426)		170,763		(762)		(18,238)		31,434		2,195,407
Machinery and equipment	1.8		25,687		5,518		(26,776)		(13,285)		13,285		(755)		8		91		3,773
Vehicles	2.2		156,975		165,699		(64,674)		(15,231)		15,231		(14,155)		(581)		13,159		256,423
Software	1.6		1,137		72,767		(30,693)		(3,967)		3,966		-		-		-		43,210
			2,431,180		560,088		(553,556)		(136,625)		207,961		(17,401)		-		45,034		2,536,681

Current			376,628																383,162
Non-current			2,054,552																2,153,519

(1)

Weighted average maturity in years.


	WAMT (1)		12.31.18		Initial adoption IFRS 16		Additions		Payments		Interest paid		Interest accrued		Disposals		Exchange rate variation		12.31.19

Land	5.5		-		17,166		6,287		(4,505)		(762)		2,909		(421)		(319)		20,355
Buildings	4.3		167,012		2,278,982		216,514		(410,466)		(85,940)		167,689		(111,134)		4,369		2,227,026
Machinery and equipment	1.3		66,534		1,182		4,110		(42,216)		(17,756)		17,757		(3,898)		(26)		25,687
Vehicles	2.0		-		94,065		119,422		(51,263)		(11,359)		11,359		(7,438)		2,189		156,975
Software	1.3		8,263		61		37,379		(44,567)		(85)		86		-		-		1,137
			241,809		2,391,456		383,712		(553,017)		(115,902)		199,800		(122,891)		6,213		2,431,180

Current			75,293																376,628
Non-current			166,516																2,054,552

(1)

Weighted average maturity in years.

Schedule of minimum future payments for these finance leases

The maturity schedule of the minimum required future payments are presented below:


	12.31.20
Current	383,162
Non-current	2,153,519
2022	475,563
2023	367,486
2024	289,775
2025	203,854
2026 onwards	816,841
	2,536,681

Schedule of estimated schedule of future payments

The Company uses nominal incremental borrowing rates to measure its lease liabilities. The nominal and real interest rates are presented below:

		12.31.20				12.31.19
Contract Terms		Nominal rate % p.a.		Real rate % p.a.		Nominal rate % p.a.		Real rate % p.a.
1 year		5.69%		1.05%		8.46%		4.97%
2 years		5.96%		2.61%		9.49%		5.37%
3 years		6.80%		2.53%		10.60%		6.28%
4 years		8.50%		4.56%		11.43%		7.01%
5 years		8.98%		4.40%		11.84%		7.28%
6 years		-		-		12.13%		7.48%
8 years		10.47%		5.71%		12.43%		7.67%
9 years		10.75%		5.97%		12.51%		7.78%
10 years		11.39%		6.64%		12.61%		7.84%
11 years		-		-		12.68%		7.86%
13 years		11.68%		7.38%		12.81%		7.93%
14 years		11.84%		7.13%		12.86%		7.96%
15 years		-		-		12.90%		7.97%
18 years		-		-		13.01%		8.03%
20 years		13.26%		9.00%		13.12%		8.12%

Schedule of income related to items exempt of recognition: low-value assets, short-term leases and leases with variable payments

The amounts directly recognized in the statement of income presented below relate to items exempt of recognition: low-value assets, short-term leases and leases with variable payments.


		12.31.20		12.31.19
Variable payments not included in the lease liabilities		300,949		222,096
Expenses related to short-term leases		162,313		226,010
Expenses related to low-value assets		3,531		4,890
		466,793		452,996