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Leases
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Leases

 

17.Leases

The Company is lessee in several lease agreements for forest lands, offices, distribution centers, outgrowers, vehicles, among others. Some contracts have a renewal option for an additional period at the end of the agreement, established by contractual amendments. Automatic renewals or renewals for undetermined periods are not allowed.

The contract clauses mentioned, with respect to renewal, readjustment and purchase option, are contracted according to market practices. In addition, there are no clauses of contingent payments or restrictions on dividends distribution, payments of interest on shareholders’ equity or obtaining debt.

17.1.Right-of-use assets

The right-of-use assets as set forth below are part of the balances of property, plant and equipment and intangible assets (notes 13 and 14).

                             
                               
  Average rate (1)   12.31.22   Additions   Disposals   Transfer   Monetary correction by Hyperinflation   Exchange rate variation   12.31.23
Cost                              
Land     139,740   9,330    (11,883)    -    1,286   (8,401)    130,072
Buildings, facilities and improvements      4,031,143     1,031,073     (675,341)   (27,655)     12,940    (26,825)    4,345,335
Machinery and equipment       47,688     241,292    (18,148)    27,655   575   (514)    298,548
Vehicles     602,116     138,388     (294,854)    -    4,992    (28,084)    422,558
Software       12,303    -    (12,303)    -     -     -     -
       4,832,990     1,420,083     (1,012,529)    -     19,793    (63,824)    5,196,513
                               
Depreciation                              
Land 7.37%    (44,006)   (10,680)     11,405    -   277    1,554    (41,450)
Buildings, facilities and improvements 13.56%     (1,784,777)    (574,800)    597,221    15,686     (3,786)     14,260     (1,736,196)
Machinery and equipment 19.40%    (27,283)   (52,424)     14,795   (15,686)     (1,957)    605    (81,950)
Vehicles 35.27%     (346,907)    (179,841)    289,744    -     (7,879)     17,973     (226,910)
Software  -    (10,814)    (1,487)     12,301    -     -     -     -
        (2,213,787)    (819,232)    925,466    -   (13,345)     34,392     (2,086,506)
       2,619,203     600,851    (87,063)    -    6,448    (29,432)    3,110,007
(1)Weighted average annual rate.

 

                           
  Average rate (1)   12.31.21   Additions   Disposals   Monetary correction by hyperinflation   Exchange rate variation   12.31.22
Cost                          
Land     145,394   732    (2,489)     3,534    (7,431)    139,740
Buildings      3,223,625     927,818    (116,707)   18,933     (22,526)    4,031,143
Machinery and equipment     117,412   4,086   (74,193)    815    (432)     47,688
Vehicles     369,979     246,075    (5,477)     6,279     (14,740)    602,116
Software       79,731    -   (67,428)   -   -     12,303
       3,936,141     1,178,711    (266,294)   29,561     (45,129)    4,832,990
                           
Depreciation                          
Land 8.95%    (36,439)   (12,334)   2,401     1,090     1,276    (44,006)
Buildings 5.16%     (1,383,968)    (510,875)     104,540    (10,225)   15,751     (1,784,777)
Machinery and equipment 25.60%    (73,385)   (27,726)    74,111   (475)     192    (27,283)
Vehicles 23.19%     (189,817)    (161,992)   4,383   (5,496)     6,015     (346,907)
Software 76.58%    (61,193)    (3,998)    54,377   -   -    (10,814)
        (1,744,802)    (716,925)     239,812    (15,106)   23,234     (2,213,787)
       2,191,339     461,786   (26,482)   14,455     (21,895)    2,619,203

 

(1)Weighted average annual rate.

 

 

17.2. Lease liabilities

                                     
       
                                       
  Weighted average
interest rate (p.a.)		   WAM (1)   12.31.22   Additions   Payments   Interest paid   Interest accrued   Disposals   Exchange rate variation   12.31.23
Land -    -      112,476   9,330     (6,844)   (9,404)   9,404     (1,792)   (6,475)     106,695
Buildings, facilities and improvements -    -      2,634,074     1,031,073    (530,779)     (142,245)     268,659   (77,896)   (8,024)     3,174,862
Machinery and equipment -    -     22,565     241,292   (34,756)    (28,660)    28,660     (3,533)   (296)     225,272
Vehicles -    -      274,215     138,388    (168,473)    (16,677)    16,677   (16,841)    (12,271)     215,018
Software -   -   1,604    -     (1,604)    (45)     45     -     -    -
  7.5%    7.6     3,044,934     1,420,083    (742,456)     (197,031)     323,445     (100,062)    (27,066)     3,721,847
                                       
Current           676,864                             944,326
Non-current           2,368,070                             2,777,521

 

(1)Weighted average maturity in years.
       
                                       
  Weighted average
interest rate (p.a.)		   WAM (1)   12.31.21   Additions   Payments   Interest paid   Interest accrued   Disposals   Exchange rate variation   12.31.22
Land -    -    126,293    732    (7,709)     (9,653)     9,653   (166)   (6,674)   112,476
Buildings -    -     2,095,375   935,916   (458,434)    (102,740)    191,431    (19,395)   (8,079)    2,634,074
Machinery and equipment -    -      45,218    4,086     (25,609)     (2,709)     2,709    (10)   (1,120)     22,565
Vehicles -    -    192,694   246,075   (153,992)   (15,830)   15,830   (1,362)   (9,200)   274,215
Software  -     -      19,666     -    (4,102)     (249)    249    (13,960)     -    1,604
  7.2%    7.3    2,479,246    1,186,809   (649,846)    (131,181)    219,872    (34,893)    (25,073)    3,044,934
                                       
Current         471,956                           676,864
Non-current          2,007,290                            2,368,070
(1)Weighted average maturity in years.

 

17.3.Lease liabilities maturity schedule

The maturity schedule of the minimum required future payments is presented below:

     
   
       
      12.31.23
Current     944,326
Non-current      2,777,521
2025     686,951
2026     510,645
2027     425,753
2028     285,951
2029 onwards     868,221
       3,721,847

 

17.4.Amounts recognized in the statement of income

The amounts directly recognized in the statement of income presented below relate to items not capitalized, including: low-value assets, short-term leases and leases with variable payments.

           
             
    12.31.23   12.31.22   12.31.21
Variable payments not included in the lease liabilities            186,146               217,498            282,732
Expenses related to short-term leases              97,511               124,451            171,733
Expenses related to low-value assets              26,454                 13,469                4,681
Amounts recognized in the statement of income            310,111               355,418            459,146