XML 49 R30.htm IDEA: XBRL DOCUMENT v3.22.1
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2021
SEGMENT INFORMATION

24.SEGMENT INFORMATION

The operating segments are reported consistently with the management reports provided to the main strategic and operational decision makers for assessing the performance of each segment and allocation of resources. The operating segments information is prepared considering three reportable segments, being: Brazil, International and Other Segments.

The operating segments include the sales of all distribution channels and are subdivided according to the nature of the products, for which the characteristics are described below:

»Poultry: production and sale of whole poultry and in-natura cuts.
»Pork and others: production and sale of in-natura cuts.
»Processed: production and sale of processed food, frozen and processed products derived from poultry, pork and beef, margarine, vegetables and soybean-based products.
»Other sales: sale of flour for food service and others.

Other segments are comprised of commercialization and development of animal nutrition ingredients, human nutrition, plant nutrition (fertilizers), healthcare (health and wellness), pet food, as well as commercialization of agricultural products.

The items not allocated to the segments are presented as Corporate and refer to relevant events not attributable to the operating segments.

The net sales by nature for each reportable operating segment is set forth below:

Net sales   12.31.21   12.31.20   12.31.19
Brazil            
In-natura            6,002,585            5,014,250            4,635,597
Poultry            4,544,724            3,738,560            3,692,377
Pork and other            1,457,861            1,275,690               943,220
Processed          18,729,686          15,944,162          12,808,408
Other sales                 76,618                 26,707                 45,474
           24,808,889          20,985,119          17,489,479
             
International            
In-natura          18,212,688          14,570,620          12,605,846
Poultry          15,818,512          12,246,499          11,262,954
Pork and other            2,394,176            2,324,121            1,342,892
Processed            2,955,431            2,366,204            2,119,918
Other sales               346,585               303,370               173,630
           21,514,704          17,240,194          14,899,394
             
Other segments            2,019,712            1,244,387            1,058,107
           48,343,305          39,469,700          33,446,980

 

The income (loss) before financial results for each segment and for Corporate is set forth below:

    12.31.21   12.31.20   12.31.19
Brazil            1,583,899            2,081,150            1,818,813
International               942,006            1,100,212            1,275,285
Other segments               393,477               197,233               109,138
Sub total            2,919,382            3,378,595            3,203,236
Corporate                 90,405             (327,366)             (454,899)
             3,009,787            3,051,229            2,748,337

 

The composition of the main effects not allocated to the operating segments and presented as Corporate is set forth below:

Corporate   12.31.21   12.31.20   12.31.19
Impairment and result in the sale of investments                 76,148               (62,006)               (21,751)
Results with sale and disposal of fixed assets                 65,884               (28,178)               (14,642)
Reversal/(provision) for tax and civil contingencies                 30,587             (109,088)               (63,228)
Expenses with demobilization                 (6,814)               (16,494)               (39,281)
Investigations involving the Company (note 1.5)                 (9,003)               (28,004)               (79,208)
Expenses COVID-19 (1)               (74,482)               (81,562)                         -
Arbitration reversal                         -                 14,520                         -
Restructuring plan                         -                      (58)               (14,460)
Results with disposal of businesses                         -               (29,471)                  3,234
Agreement - Class Action                         -                         -             (204,436)
Other                  8,085                 12,975               (21,127)
                  90,405             (327,366)             (454,899)
(1)Mainly comprised of donations in Brazil, consultants and expenses with health and safety, which are not associated with the business segments.

 

No customer individually or in aggregate (economic group) accounted for more than 5% of net sales for the years ended December 31, 2021, 2020 and 2019.

The goodwill arising from business combinations and the intangible assets with indefinite useful life (trademarks) were allocated to the reportable operating segments, considering the economic benefits generated by such intangible assets. The allocation of these intangible assets is presented below:

  Goodwill   Trademarks   Total
  12.31.21   12.31.20   12.31.21   12.31.20   12.31.21   12.31.20
Brazil        1,151,498          1,151,498            982,478            982,478          2,133,976          2,133,976
International        1,813,986          1,784,079            275,982            345,260          2,089,968          2,129,339
Other segments          459,699                     -               474,875                     -               934,574                     -   
         3,425,183          2,935,577          1,733,335          1,327,738          5,158,518          4,263,315

 

Information related to total assets by reportable segment is not disclosed, as it is not included in the set of information made available to the Company’s management, which makes investment decisions and determine allocation of resources based on information about the consolidated assets.