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LOANS AND BORROWINGS (Tables)
 12 Months Ended
Dec. 31, 2022
Loans And Borrowings  
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
     
   
  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
                       
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.