XML 67 R48.htm IDEA: XBRL DOCUMENT v3.22.1
BIOLOGICAL ASSETS (Tables)
 12 Months Ended
Dec. 31, 2021
The live animals are represented by poultry and pork and segregated into consumables and animals for production. The rollforward of the biological assets are presented below:

The live animals are represented by poultry and pork and segregated into consumables and animals for production. The rollforward of the biological assets are presented below:

                                                       
  Current   Non-current
  Live animals   Live animals              
  Poultry   Pork   Total   Poultry   Pork   Forests   Total
  12.31.21   12.31.20   12.31.21   12.31.20   12.31.21   12.31.20   12.31.21   12.31.20   12.31.21   12.31.20   12.31.21   12.31.20   12.31.21   12.31.20
Beginning balance          868,428            615,685        1,260,582          987,354            2,129,010         1,603,039       472,053       414,668       425,252       337,804       324,444     328,553        1,221,749      1,081,025
Additions/Transfer     14,078,311         9,705,994        9,480,273       7,108,084          23,558,584       16,814,078         97,765        71,494       455,831       363,027         41,825       38,536           595,421        473,057
Changes in fair value (1)       2,628,793         2,059,397           511,574          368,019            3,140,367         2,427,416       105,385        51,660      (217,418)     (184,005)         16,443       21,711           (95,590)       (110,634)
Harvest                    -                      -                      -                    -                         -                      -                  -                 -                  -                 -        (57,818)      (59,586)           (57,818)         (59,586)
Write-off                    -                      -                      -                    -                         -                      -                  -                 -                  -                 -          (3,957)       (5,099)             (3,957)           (5,099)
Transfer between current  and non-current           91,890             57,164           123,367            91,574               215,257            148,738        (91,890)       (57,164)      (123,367)       (91,574)                  -                -          (215,257)       (148,738)
Transfer to assets held for sale                    -                      -                      -                    -                         -                      -                  -       (10,389)                  -                 -                  -            329                      -         (10,060)
Transfer to inventories    (16,469,201)      (11,571,369)       (9,629,308)      (7,294,449)         (26,098,509)      (18,865,818)                  -                 -                  -                 -                  -                -                      -                   -
Exchange variation          (44,788)               1,557                      -                    -               (44,788)               1,557        (30,066)          1,784                  -                 -                  -                -           (30,066)            1,784
Ending balance       1,153,433            868,428        1,746,488       1,260,582            2,899,921         2,129,010       553,247       472,053       540,298       425,252       320,937     324,444        1,414,482      1,221,749
(1)The change in the fair value of biological assets includes depreciation of breeders and depletion of forests in the amount of R$1,030,491 (R$876,976 on December 31, 2020).
The book value and estimated quantities of live animals are set forth below:

The book value and estimated quantities of live animals are set forth below:

  12.31.21   12.31.20
  Quantity
(thousand of heads)		   Book value   Quantity
(thousand of heads)		   Book value
Consumable biological assets              
Immature poultry          197,859          1,153,433            199,877          868,428
Immature pork              4,469          1,746,488                4,204       1,260,582
Total current          202,328          2,899,921            204,081       2,129,010
               
               
Production biological assets              
Immature poultry              6,170            192,017                7,320          188,967
Mature poultry            11,621            361,230              11,395          283,086
Immature pork                 223            141,101                   203           93,466
Mature pork                 452            399,197                   457          331,786
Total non-current            18,466          1,093,545              19,375          897,305
           220,794          3,993,466            223,456       3,026,315
The fair value of animals and forests is determined using unobservable inputs, using the best practices available in the valuation circumstances, therefore it is classified in the Level 3 of the fair value hierarchy. The main assumptions used in the measurement of the fair value of forests and their impact on measurement are presented below.

The fair value of animals and forests is determined using unobservable inputs, using the best practices available in the valuation circumstances, therefore it is classified in the Level 3 of the fair value hierarchy. The main assumptions used in the measurement of the fair value of forests and their impact on measurement are presented below.

            The estimated fair value can change if:
Asset   Valuation methodology   Non observable  significant inputs   Increase   Decrease
Forests   Income approach   Estimated price of standing wood   Increase in the price of wood   Decrease in the price of wood
    Productivity per hectare estimated   Increase in yield per hectare    Decrease in yield per hectare 
    Harvest and transport cost   Decrease of harvest cost    Increase of harvest cost 
    Discount rate   Descrease in discount rate    Increase in discount rate 
Live animals   Cost approach   Price of the feed inputs   Increase in feed cost   Decrease in feed cost
    Storage costs   Increase in storage cost   Decrease in storage cost
    Outgrowers cost   Increase in outgrowers cost   Decrease in outgrowers cost