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v3.23.1

LOANS AND BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2022
Loans And Borrowings |
Schedule of loan and financing |
Schedule of loan and financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Charges (p.a.) |  | Average rate (1) |  | WAMT (2) |  | 12.31.21 |  | Borrowing |  | Amortization |  | Interest paid |  | Interest accrued (3) |  | Exchange rate variation |  | 12.31.22
Local currency |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital | Fixed / CDI |  | 10.72% (5.24% on 12.31.21) |  | 0.6 |  | 406,962 |  | 386,844 |  | (392,684) |  | (18,473) |  | 26,902 |  | (365) |  | 409,186
Certificate of agribusiness receivables (4) | IPCA |  | 11.80% (16.57% on 12.31.21) |  | 1.0 |  | 967,948 |  | (242) |  | - |  | (86,620) |  | 118,560 |  | - |  | 999,646
Development bank credit lines | TJLP / TLP/ IPCA / FINAME |  | (3.12% on 12.31.21) |  | - |  | 7,679 |  | - |  | (6,328) |  | (1,472) |  | 121 |  | - |  | -
Debentures | CDI / IPCA |  | 12.09% (15.54% on 12.31.21) |  | 8.5 |  | 4,210,015 |  | 1,649,905 |  | (70,000) |  | (258,593) |  | 408,819 |  | - |  | 5,940,146
Export credit facility (5) | Fixed / CDI |  | 9.05% (10.87% on 12.31.21) |  | 5.3 |  | 3,516,273 |  | 637,000 |  | (415,706) |  | (272,642) |  | 290,544 |  | (141,914) |  | 3,613,555
Fiscal incentives | Fixed |  | 2.40% (2.40% on 12.31.21) |  | - |  | 3,601 |  | 100,326 |  | (98,667) |  | (827) |  | 853 |  | - |  | 5,286
|  |  |  |  |  |  | 9,112,478 |  | 2,773,833 |  | (983,385) |  | (638,627) |  | 845,799 |  | (142,279) |  | 10,967,819
Foreign currency |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bonds | Fixed / FX USD and EUR |  | 4.91% (4.82% on 12.31.21) |  | 11.0 |  | 15,544,012 |  | - |  | (2,416,162) |  | (793,711) |  | 724,476 |  | (1,156,325) |  | 11,902,290
Export credit facility | Fixed / LIBOR / FX USD |  | 7.10% (3.43% on 12.31.21) |  | 0.2 |  | 311,385 |  | - |  | (170,051) |  | (7,119) |  | 7,609 |  | (8,937) |  | 132,887
Advances for foreign exchange rate contracts | Fixed / FX USD |  | - |  | - |  | 3,103 |  | - |  | (2,766) |  | - |  | (53) |  | (284) |  | -
Working capital | Fixed / FX TRY and USD |  | 16.83% (13.35% on 12.31.21) |  | 0.7 |  | 485,052 |  | 618,780 |  | (412,058) |  | (78,844) |  | 74,581 |  | (173,507) |  | 514,004
|  |  |  |  |  |  | 16,343,552 |  | 618,780 |  | (3,001,037) |  | (879,674) |  | 806,613 |  | (1,339,053) |  | 12,549,181
|  |  |  |  |  |  | 25,456,030 |  | 3,392,613 |  | (3,984,422) |  | (1,518,301) |  | 1,652,412 |  | (1,481,332) |  | 23,517,000
Current |  |  |  |  |  |  | 3,203,068 |  |  |  |  |  |  |  |  |  |  |  | 3,879,874
Non-current |  |  |  |  |  |  | 22,252,962 |  |  |  |  |  |  |  |  |  |  |  | 19,637,126
| (1) | Weighted average annual rate.
| (2) | Weighted average maturity in years.
| (3) | Includes interest amounts, monetary restatement of the principal and coupon.
| (4) | The Certificate of Agribusiness Receivable (“CRA”) issued by the Company are backed by receivables of BRF S.A. from certain subsidiaries abroad.
| (5) | On December 31, 2022, includes the amount of R$2,019,866 (R$2,160,061 on December 31, 2021) referring to an Export Credit Facility issued in Reais simultaneously and in connection with a foreign exchange rate swap, resulting essentially in a net cash flow in U.S. Dollars. As the transactions are inseparable, both are recorded together under Loans and Borrowings by their amortized cost.
| Charges (p.a.) |  | Average rate (1) |  | WAMT (2) |  | 12.31.20 |  | Borrowing |  | Business combination |  | Amortization |  | Interest paid |  | Interest accrued |  | Exchange rate variation |  | 12.31.21
Local currency |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Working capital | Fixed / CDI |  | 5.24% (3.25% on 12.31.20) |  | 0.7 |  | 368,681 |  | 400,000 |  | 25,950 |  | (389,734) |  | (11,910) |  | 13,975 |  | - |  | 406,962
Certificate of agribusiness receivables | IPCA |  | 16.57% (10.21% on 12.31.20) |  | 2.0 |  | 821,093 |  | - |  | - |  | - |  | 95 |  | 146,760 |  | - |  | 967,948
Development bank credit lines | TJLP / TLP/ IPCA / FINAME |  | 3.12% |  | 3.7 |  | - |  | - |  | 9,006 |  | (1,351) |  | (87) |  | 111 |  | - |  | 7,679
Debentures | CDI / IPCA |  | 15.54% (8.28% on 12.31.20) |  | 7.3 |  | 3,022,005 |  | 965,549 |  | - |  | - |  | (188,668) |  | 411,129 |  | - |  | 4,210,015
Export credit facility | Fixed / CDI / FX USD |  | 10.87% (3.69% on 12.31.20) |  | 4.2 |  | 2,408,697 |  | 937,250 |  | 20,456 |  | (5,632) |  | (117,679) |  | 122,510 |  | 150,671 |  | 3,516,273
Fiscal incentives | Fixed |  | 2.40% (2.40% on 12.31.20) |  | - |  | 44,816 |  | 82,064 |  | - |  | (123,236) |  | (797) |  | 754 |  | - |  | 3,601
|  |  |  |  |  |  | 6,665,292 |  | 2,384,863 |  | 55,412 |  | (519,953) |  | (319,046) |  | 695,239 |  | 150,671 |  | 9,112,478
Foreign currency |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bonds | Fixed / FX USD and EUR |  | 4.82% (4.81% on 12.31.20) |  | 11.6 |  | 14,829,993 |  | - |  | - |  | (314,806) |  | (790,836) |  | 888,804 |  | 930,857 |  | 15,544,012
Export credit facility | Fixed / LIBOR / FX USD |  | 3.43% (3.13% on 12.31.20) |  | 1.3 |  | 392,636 |  | - |  | 30,476 |  | (138,870) |  | (10,867) |  | 10,466 |  | 27,544 |  | 311,385
Advances for foreign exchange rate contracts | Fixed / FX USD |  | - |  | - |  | - |  | 249,000 |  | 2,672 |  | (249,000) |  | (1,182) |  | 1,363 |  | 250 |  | 3,103
Working capital | Fixed / FX TRY and USD |  | 13.35% (10.98% on 12.31.20) |  | 1.5 |  | 516,505 |  | 356,919 |  | 29,555 |  | (172,718) |  | (71,436) |  | 85,339 |  | (259,112) |  | 485,052
|  |  |  |  |  |  | 15,739,134 |  | 605,919 |  | 62,703 |  | (875,394) |  | (874,321) |  | 985,972 |  | 699,539 |  | 16,343,552
|  |  |  |  |  |  | 22,404,426 |  | 2,990,782 |  | 118,115 |  | (1,395,347) |  | (1,193,367) |  | 1,681,211 |  | 850,210 |  | 25,456,030
Current |  |  |  |  |  |  | 1,059,984 |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,203,068
Non-current |  |  |  |  |  |  | 21,344,442 |  |  |  |  |  |  |  |  |  |  |  |  |  | 22,252,962
| (1) | Weighted average annual rate.
| (2) | Weighted average maturity in years.
Schedule of commitment for purchase goods and services |
Schedule of commitment for purchase goods and services |  |  |
| 12.31.22 |  | 12.31.21
Total loans and borrowings | 23,517,000 |  | 25,456,030
Mortgage guarantees | 5,286 |  | 20,343
Related to FINAME | - |  | 16,742
Related to tax incentives and other | 5,286 |  | 3,601
Schedule of repurchase of senior notes |
Schedule of repurchase of senior notes |  |  |  |  |  |  |  |  |  |  |  |
Instrument |  | Currency |  | Maturity |  | Notional repurchased |  | Outstanding notional (1)
|  |  | (loan currency) |  | (Reais) (2) |  | (loan currency) |  | (Reais) (3)
BRF S.A. - BRFSBZ 4 7/8 |  | USD |  | 2030 |  | 102,291 |  | 537,837 |  | 588,307 |  | 3,069,609
BRF S.A. - BRFSBZ 5 3/4 |  | USD |  | 2050 |  | 128,810 |  | 676,862 |  | 671,190 |  | 3,502,068
| (1) | Outstanding notional after the tender offer.
| (2) | Represented by the amount in the original loan currency, translated by the foreign exchange rate at the settlement date of the repurchase.
| (3) | Represented by the amount in the original loan currency, translated by the foreign exchange rate at the settlement date 12.31.22.

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