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TRADE ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES
 9 Months Ended
Sep. 30, 2021
TRADE ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES

6.TRADE ACCOUNTS RECEIVABLE AND OTHER RECEIVABLES

               
          09.30.21   12.31.20
Trade accounts receivable              
Domestic market              
Third parties          977,964    2,002,586
Foreign market               
Third parties          3,218,914    2,716,551
           4,196,878    4,719,137
( - ) Adjustment to present value         (10,867)   (13,316)
( - ) Expected credit losses         (633,850)   (605,940)
           3,552,161    4,099,881
Current          3,545,760    4,092,855
Non-current          6,401    7,026
               
Other receivables              
Other receivables          93,844    113,949
( - ) Adjustment to present value         (1,409)   (156)
( - ) Expected credit losses         (15,959)   (27,389)
           76,476    86,404
Current          40,991    43,566
Non-current (1)          35,485    42,838

 

(1)Weighted average maturity of 2.00 years.

 

The Company performs credit assignments with no right of return to the BRF Clients’ Credit Rights Investment Fund (“FIDC BRF“), which has the sole purpose to acquire credit rights arising from commercial transactions carried out between the Company and its clients in Brazil. On September 30, 2021, FIDC BRF had an outstanding balance of R$770,894 (R$549,083 on December 31, 2020) related to such credit rights, which were written-off of the Company’s statement of financial position when the credits were sold.

 

On September 30, 2021, other receivables are mainly represented by receivables from the sale of farms and various properties, with a balance of R$59,468 (R$78,258 on December 31, 2020).

The movements of the expected credit losses are presented below:

         
    09.30.21   12.31.20
Beginning balance   (605,940)    (503,848)
(Additions) Reversals     (11,627)   (12,137)
Write-offs     9,060    19,451
Exchange rate variation     (25,343)    (109,406)
Ending balance   (633,850)    (605,940)

 

 

The aging of trade accounts receivable is as follows:

               
          09.30.21   12.31.20
Not overdue          3,334,545    4,010,140
Overdue              
 01 to 60 days          228,974    104,195
 61 to 90 days          4,837    6,045
 91 to 120 days          3,368   398
 121 to 180 days          7,206    7,024
 181 to 360 days          10,209    15,688
More than 360 days          607,739    575,647
( - ) Adjustment to present value         (10,867)   (13,316)
( - ) Expected credit losses         (633,850)   (605,940)
           3,552,161    4,099,881