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Trade accounts receivable and other receivables
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Trade accounts receivable and other receivables

 

6.Trade accounts receivable and other receivables
Schedule of trade accounts receivable, net and notes receivable        
         
    12.31.23   12.31.22
Trade accounts receivable        
Domestic market        
Third parties    1,860,089    1,473,921
Related parties    8,419     11,566
Foreign market        
Third parties    3,496,442    3,315,772
Related parties     27,781     20,789
     5,392,731    4,822,048
( - ) Adjustment to present value    (29,284)    (24,818)
( - ) Expected credit losses     (591,479)     (604,167)
     4,771,968    4,193,063
Current    4,766,071    4,187,756
Non-current    5,897    5,307
         
         
Notes receivable     83,863     54,472
( - ) Adjustment to present value   (2,223)   (386)
( - ) Expected credit losses    (15,379)    (15,643)
      66,261     38,443
Current     64,731     27,351
Non-current (1)    1,530     11,092
(1)Weighted average maturity of 1.31 year.

 

The Company performs credit assignments with no right of return to the BRF Clients’ Credit Rights Investment Fund, which has the sole purpose to acquire credit rights arising from commercial transactions carried out between the Company and its clients in Brazil.

The first structuring occurred on December 18, 2018 and lasted five years, with final amortization in December 2023 (“FIDC BRF”).

On December 6, 2023, the Company structured a new fund (“FIDC BRF II”) to replace and continue the operations carried out by FIDC BRF.

On December 31, 2023, FIDC BRF II had an outstanding balance of R$1,072,964 (R$947,488 on December 31, 2022, referring to FIDC BRF) related to such credit rights, which were written-off of the Company’s statement of financial position when the credits were sold.

On December 31, 2023, other notes receivables are mainly represented by receivables from the sale of farms and various properties not linked to production.

The movements of the expected credit losses are presented below:

             
               
          12.31.23   12.31.22
Beginning balance         (604,167)   (638,583)
(Additions) reversals         (32,809)   (12,772)
Write-offs          8,539     10,744
Exchange rate variation           36,958     36,444
Ending balance         (591,479)   (604,167)

 

The aging of trade accounts receivable is as follows:

             
               
          12.31.23   12.31.22
Not overdue          4,515,445    4,045,146
Overdue              
 01 to 60 days         225,135   125,082
 61 to 90 days           46,347    7,629
 91 to 120 days           15,248     17,084
 121 to 180 days           11,101     18,536
 181 to 360 days           22,116     17,902
More than 360 days         557,339   590,669
( - ) Adjustment to present value          (29,284)    (24,818)
( - ) Expected credit losses           (591,479)     (604,167)
           4,771,968    4,193,063