XML 87 R55.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Loans and borrowings (Tables)
12 Months Ended
Dec. 31, 2023
Loans And Borrowings  
Schedule of loans and financing
                                         
  Charges (p.a.)   Average rate (1)   WAMT (2)   12.31.22   Reclassification (5)   Borrowing   Amortization   Interest paid   Interest accrued (3)   Exchange rate variation   12.31.23
Local currency                                          
Working capital  Fixed / CDI     12.28% (10.72% on 12.31.22)
 
    0.65   409,186   -   740,000    (390,582)   (37,352)     56,276    -   777,528
Certificate of agribusiness receivables (4)  IPCA     10.86% (11.80% on 12.31.22)
 
   -   999,646   -    -    (1,018,131)   (91,121)    109,606    -    -
Export credit facility  CDI     13.26% (9.05% on 12.31.22)
 
    3.67   3,613,555   (2,019,866)    -    -    (234,038)    223,946    -   1,583,597
Debentures  CDI / IPCA     10.94% (12.09% on 12.31.22)
 
    5.75   5,940,146   -    -    -    (441,639)    1,135,927    -   6,634,434
                                           
Fiscal incentives  Fixed     2.40% (2.40% on 12.31.22)
 
   -   5,286   -   100,195   (98,877)     (832)    832    -   6,604
               10,967,819   (2,019,866)   840,195    (1,507,590)    (804,982)    1,526,587    -   9,002,163
                                           
Foreign currency                                          
Bonds  Fixed / FX USD     5.15% (4.91% on 12.31.22)
 
  14.30    11,902,290   -    -    (3,672,960)    (606,725)    663,684    (726,727)   7,559,562
Export credit facility  Fixed /SOFR / FX USD     5.49% (7.10% on 12.31.22)      3.23   132,887     2,019,866   1,006,496    (534,993)    (156,178)    126,784    (158,211)   2,436,651
Advances for foreign exchange rate contracts  Fixed / FX USD    7.10% (0.00% on 12.31.22)     0.23    -   -   306,684    (153,684)     (4,304)     19,122     (9,398)   158,420
Working capital  Fixed / EIBOR3M + 1,8% FX TRY, AED and USD     13.13% (16.83% on 12.31.22)      1.84   514,004   -   1,683,112    (1,020,713)    (107,636)    122,454    (252,469)   938,752
                                           
               12,549,181     2,019,866   2,996,292    (5,382,350)    (874,843)    932,044    (1,146,805)    11,093,385
               23,517,000   -   3,836,487    (6,889,940)    (1,679,825)    2,458,631    (1,146,805)    20,095,548
                                           
Current             3,879,874                           2,451,838
Non-current              19,637,126                            17,643,710

 

(1)Weighted average annual rate.
(2)Weighted average maturity in years.
(3)Includes interest amounts, monetary restatement of the principal coupon and mark-to-market for debts hedged object to fair value hedge protection.
(4)The Certificates of Agribusiness Receivables (“CRA”) issued by the Company are backed by receivables of BRF S.A. from certain subsidiaries abroad.
(5)The Company, reclassified the 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.
                                       
  Charges (p.a.)   Average rate (1)   WAMT (2)   12.31.21   Borrowing   Amortization   Interest paid   Interest accrued   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  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  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.
Schedule of guarantees
             
               
          12.31.23   12.31.22
Total loans and borrowings                20,095,548          23,517,000
Mortgage guarantees              
Related to tax incentives and other                        6,604                  5,286
[custom:DisclosureOfRepurchasedSeniorNotesExplanatory]
                         
Instrument   Currency   Maturity   Notional repurchased   Outstanding notional (1)
      (loan currency)   (Reais) (2)   (loan currency)   (Reais) (3)
                         
BRF S.A. - BRFSBZ 4.75   USD   2024     295,363     1,521,887     -    -
BRF S.A. - BRFSBZ 4.35   USD   2026     200,000     984,580     299,282    1,448,914

 

(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 12.31.23.