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Financial instruments and risk management (Tables)
 12 Months Ended
Dec. 31, 2023
Financial Instruments And Risk Management  
Schedule of monitors the gross debt and net debt
             
  12.31.23   12.31.22
   Current     Non-current     Total     Total 
Foreign currency loans and borrowings (1,521,567)     (9,571,818)   (11,093,385)    (12,549,181)
Local currency loans and borrowings (930,271)     (8,071,892)     (9,002,163)    (10,967,819)
Derivative financial instruments, net 32,282   470,011   502,293     (126,019)
Gross debt (2,419,556)   (17,173,699)   (19,593,255)    (23,643,019)
               
               
Cash and cash equivalents   9,264,664     -   9,264,664    8,130,929
Marketable securities   447,878   319,995   767,873    824,775
Restricted cash 13,814     72,395     86,209   89,717
    9,726,356   392,390    10,118,746    9,045,421
Net debt   7,306,800   (16,781,309)     (9,474,509)    (14,597,598)
Schedule of financial position of derivative financial instruments
               
             
  Note         12.31.23   12.31.22
Assets                
Designated as hedge accounting                
Foreign exchange risk on operating income 23.2.1 ii)         103,558    8,726
Commodities price risk 23.2.2          5,510   108,966
Interest rate risk 23.2.3         529,830    9,517
Not designated as hedge accounting                
Foreign exchange risk on statement of financial position 23.2.1 i)          154    3,939
            639,052   131,148
                 
Current assets           109,222   120,865
Non-current assets           529,830     10,283
                 
Liabilities                
Designated as hedge accounting                
Foreign exchange risk on statement of financial position 23.2.1 i)          (52,149)    (84,633)
Foreign exchange risk on operating income 23.2.1 ii)         (7,600)    (17,551)
Commodities price risk 23.2.2          (14,363)    (26,730)
Interest rate risk 23.2.3           -     (122,002)
Not designated as hedge accounting                
Foreign exchange risk on statement of financial position 23.2.1 i)          (62,647)   (6,251)
              (136,759)     (257,167)
                 
Current liabilities            (76,940)    (82,468)
Non-current liabilities            (59,819)     (174,699)
                 
Position of derivative financial instruments - net           502,293     (126,019)
Schedule of significant commitments and contractual obligations
                             
                               
  12.31.23
  Book
value		   Contractual cash flow   2024   2025   2026   2027   2028   2029 onwards
Non derivative financial liabilities                              
Loans and borrowings  20,095,548    29,239,484   3,360,512     2,381,197     3,865,863     3,784,178     1,507,940    14,339,794
Principal      19,856,354   2,073,011     1,355,195     2,929,729     2,984,936     939,150   9,574,333
Interest     9,383,130   1,287,501     1,026,002     936,134     799,242     568,790   4,765,461
Trade accounts payable  12,592,428    12,758,551    12,757,347     175     1,029   -   -    -
Lease liabilities 3,721,847   4,661,489   1,009,012     784,287     622,935     554,953     398,258   1,292,044
Derivative financial liabilities                              
Financial instruments designated hedge accounting for protection of:
Foreign exchange risk 59,749   59,749   59,749   -   -   -   -    -
Commodities price risk 14,363    14,363    14,363   -   -   -   -    -
Financial instruments not designated as hedge accounting for protection of:
Foreign exchange risk  62,647    18,732    -   -   -   18,732   -    -
Schedule of assets and liabilities
       
         
    12.31.23   12.31.22
Cash and cash equivalents    2,970,268     3,691,668
Trade accounts receivable    4,788,635     6,013,713
Trade accounts payable     (1,195,133)    (1,484,810)
Loans and borrowings     (8,715,484)     (12,241,309)
Other assets and liabilities, net    (30,310)    35,371
Exposure of assets and liabilities in foreign currencies     (2,182,024)    (3,985,367)
Derivative financial instruments (hedge)    2,033,346     3,721,930
Exposure in result, net     (148,678)    (263,437)
Schedule of net exposure
       
Net Exposure (1)   12.31.23   12.31.22
Chilean Pesos (CLP)     220,116     256,121
Euros (EUR)   (25,050)   (43,445)
Angolan kwanza (AOA)    97,368    53,723
Yen (JPY)    (1,241)    (3,268)
Argentinian Peso (ARS)    (3,146)    (4,614)
Turkish Liras (TRY)    76,439     214,936
U.S. Dollars (USD)    (513,164)    (736,890)
Total    (148,678)    (263,437)
(1)The Company is exposed to other currencies, although they have been grouped in the currencies above due to its high correlation or for not being individually significant.
Schedule of derivative instruments not designated
                         
12.31.23
Derivative instruments not designated   Asset   Liability   Maturity   Notional   Exercise rate   Fair value (R$)
Futures    BRL     USD    1st Qtr. 2024    USD  (224,250)    4.8690    (3,289)
Futures    USD     BRL    1st Qtr. 2024    USD   224,250    4.8690   3,444
Swap    USD + 4,35% p.a.     86,52% of CDI    3rd Qtr. 2026    USD   145,000    N/A      (41,087)
Swap    USD + 4.35% p.a.     CDI - 0,51% p.a.    3rd Qtr. 2026    USD   115,000    N/A      (18,732)
Non-deliverable forward    EUR     TRY    1st Qtr. 2024    EUR    5,000     31.1500     460
Non-deliverable forward    USD     TRY    1st Qtr. 2024    USD  14,900     30.6070    (2,008)
Non-deliverable forward    USD     AOA    1st Qtr. 2024    USD  10,000   860.5000    (1,041)
Non-deliverable forward    USD     AOA    2nd Qtr. 2024    USD    2,000   893.0000    (241)
Total                            (62,494)
Schedule of derivative instruments designated - Fair value hedge
                             
12.31.23
                          Fair value (R$)
 Derivative instruments designated - Fair value hedge   Hedged Object   Maturity   Asset   Liability   Notional   Instrument   Object (1)
                           
FX and interest rate swap    USD debt     1st Qtr. 2024     FX + 7,33% p.a.     100% CDI + 2.20% p.a.      30,000  USD    (17,201)   (80,378)
FX and interest rate swap    USD debt     2nd Qtr. 2024    FX + 6.32% p.a.    100% CDI + 1,61% p.a.    130,000  USD  (34,948)    80,534
                    160,000     (52,149)   156
(1)Corresponds to the accumulated amount of fair value hedge adjustments on the hedged items, included in the carrying amount of the senior unsecured notes.
Schedule of cash flow hedge to derivative instruments
                             
12.31.23
Cash flow hedge - Derivative instruments   Hedged object   Asset   Liability   Maturity   Notional   Designation rate   Fair value (1)
Non-deliverable forward    USD Exports     BRL     USD    1st Qtr. 2024    USD    128,500    5.2959     52,159
Non-deliverable forward    USD Exports     BRL     USD     2nd Qtr. 2024     USD   65,500    5.1633     14,564
Non-deliverable forward    USD Exports     BRL     USD    3rd Qtr. 2024    USD   45,500    5.2487     11,528
Collar    USD Exports     BRL     USD    1st Qtr. 2024    USD    295,000    5.0122     15,693
Collar    USD Exports     BRL     USD    2nd Qtr. 2024    USD   40,000    5.0151    2,014
                        574,500         95,958
(1)Correspond to the not realized portion of the hedge which is registered in Other comprehensive income.
Schedule of net investment hedge to non derivative instruments
                         
12.31.23
Net investment hedge -
Non-derivative instruments		   Object (Investment)   Liability   Maturity   Notional   Rate   Exchange variation (1)
Bond - BRF SA BRFSBZ 4.35   Federal Foods LLC    USD    3rd Qtr. 2050    USD (2)   44,158   3.7649     (82,409)
Bond - BRF SA BRFSBZ 4.35   BRF Kuwait Food Management Company WLL    USD    3rd Qtr. 2050    USD (2)   88,552   3.7649     (96,199)
Bond - BRF SA BRFSBZ 4.35   Al Khan Foodstuff LLC    USD    3rd Qtr. 2050    USD (2)   53,446   3.7649     (70,185)
Bond - BRF SA BRFSBZ 4.35   BRF Foods GmbH    USD    3rd Qtr. 2050    USD (3)    170,721   5.1629   33,138
Bond - BRF SA BRFSBZ 4.35   Al-Wafi Al-Takamol International for Foods Products    USD    3rd Qtr. 2050    USD (3)   23,426   5.1629     8,639
                    380,303       (207,016)
(1)Corresponds to the effective portion of the hedge result accumulated in Other Comprehensive Income.
(2)Designated on August 1st, 2019.
(3)Designated on November 9, 2022.
Schedule of cash flow hedges for the variable commodities price
                         
12.31.23
Cash flow hedge - Derivative instruments   Hedged object   Index   Maturity   Quantity   Exercise price (1)   Fair value
Non-deliverable forward - buy    Soybean meal purchase - floating price     Soybean meal - CBOT    1st Qtr. 2024    4,000  ton    445.83   (390)
Collar - buy    Soybean meal purchase - floating price     Soybean meal - CBOT     1st Qtr. 2024     8,000  ton    458.42   (357)
Collar - buy    Soybean meal purchase - floating price     Soybean meal - CBOT     2nd Qtr. 2024      31,992  ton    460.11   (3,009)
Non-deliverable forward - buy    Corn purchase - floating price     Corn - CBOT     2nd Qtr. 2024    119,944  ton    198.28   (2,154)
Non-deliverable forward - buy    Corn purchase - floating price     Corn - CBOT     3rd Qtr. 2024    119,944  ton    198.57   (1,633)
Non-deliverable forward - buy    Corn purchase - floating price     Corn - CBOT     4th Qtr. 2024    119,944  ton    200.93   (1,509)
Collar - buy    Corn purchase - floating price     Corn - CBOT     2nd Qtr. 2023      82,008  ton    199.53   (1,153)
Collar - buy    Corn purchase - floating price     Corn - B3     1st Qtr. 2024      49,545  ton    1,136.19    1,106
Non-deliverable forward - buy    Soybean oil purchase - floating price     Soybean oil - CBOT     2nd Qtr. 2024     6,001  ton    1,107.23   (918)
Non-deliverable forward - buy    Soybean oil purchase - floating price     Soybean oil - CBOT     3rd Qtr. 2024     4,001  ton    1,094.04   (451)
Collar - buy    Corn purchase - floating price     Corn - B3     2nd Qtr. 2024      87,750  ton    1,178.85    2,207
                633,129         (8,261)
(1)Base price of each commodity in USD/ton, except for Corn – B3 denominated in R$/ton.
Schedule of financial instruments commodities price
                         
12.31.23
Fair value hedge - Derivative instruments   Hedged object   Index   Maturity   Quantity   Exercise price (1)   Fair value
Corn future - sell    Corn purchase - fixed price     Corn - B3    3rd Qtr. 2024     69,633  ton    1,199.42   (592)
                  69,633         (592)
(1)Base price of each commodity in USD/ton, except for Corn – B3 denominated in R$/ton.
Schedule of derivative financial instruments used to hedge the exposure to interest rates
                             
12.31.23
                          Fair value (R$)
Fair value hedge - Derivative instruments   Hedged Object   Maturity   Asset   Liability   Notional   Instrument   Object (1)
                           
Interest rate swap    Debenture - 1st issue - 3rd series - IPCA + 5.50% p.a.     2nd Qtr. 2026    IPCA + 5.50% p.a.    CDI + 0.57% p.a.    200,000  BRL    30,943   8,710
Interest rate swap    Debenture - 1st issue - 3rd series - IPCA + 5.50% p.a.     2nd Qtr. 2026    IPCA + 5.50% p.a.    100% of CDI    200,000  BRL    25,580    10,238
Interest rate swap    Debenture - 2nd issue - 1st series - IPCA + 5.30% p.a.     3rd Qtr. 2027    IPCA + 5.30% p.a.    CDI + 2.20% p.a.    400,000  BRL    63,003   (15,575)
Interest rate swap    Debenture - 2nd issue - 2nd series - IPCA + 5.60% p.a.     3rd Qtr. 2030    IPCA + 5.60% p.a.    CDI + 2.29% p.a.    595,000  BRL    80,526   (89,632)
Interest rate swap    Debenture - 3rd issue - single series - IPCA + 4.78% p.a.     2nd Qtr. 2031    IPCA + 4.78% p.a.    CDI + 0,12% a.a.     1,000,000  BRL  177,896    54,509
Interest rate swap    Debenture - 1st issue - 1ª series - IPCA + 6.83% p.a.     3rd Qtr. 2032    IPCA + 6.83% p.a.    109,32% of CDI    990,000  BRL  151,881   130,182
                     3,385,000     529,829    98,432
(1)Corresponds to the accumulated amount of fair value hedge adjustments on the hedged items, included in the carrying amount of the debentures.
Schedule of quantitative and qualitative information
                   
    Scenario
    Remote   Possible   Reasonably   Possible   Remote
Exchange rate - Balance   - 30%   - 15%   Possible   + 15%   + 30%
USD   3.5000   4.2500   5.0000   5.7500   6.5000
                     
Monetary assets and liabilities     741,601     326,928   (87,745)    (502,418)    (917,091)
Derivative instruments - not designated    (599,427)    (264,252)    70,923     406,098     741,273
Net effect     142,174    62,676   (16,822)   (96,320)    (175,818)
                     
EUR   3.9690   4.8195   5.6700   6.5205   7.3710
                     
Monetary assets and liabilities    13,385   5,151    (3,082)   (11,316)   (19,550)
Derivative instruments - not designated    (6,913)    (2,661)   1,592   5,844    10,097
Net effect   6,472   2,490    (1,490)    (5,472)    (9,453)
                     
JPY   0.0263   0.0319   0.0375   0.0431   0.0488
                     
Monetary assets and liabilities   289    85    (119)    (323)    (526)
Net effect   289    85    (119)    (323)    (526)
                     
TRY   0.1149   0.1395   0.1641   0.1887   0.2133
                     
Monetary assets and liabilities   (52,450)   (26,118)   214    26,546    52,878
Derivative instruments - not designated    29,584    14,731    (121)   (14,973)   (29,825)
Net effect   (22,866)   (11,387)    93    11,573    23,053
                     
                     
AOA   0.0041   0.0049   0.0058   0.0067   0.0075
                     
Monetary assets and liabilities   (45,655)   (22,124)   1,406    24,936    48,467
Derivative instruments - not designated    17,061   8,268    (525)    (9,319)   (18,112)
Net effect   (28,594)   (13,856)   881    15,617    30,355
                     
ARS   0.0019   0.0023   0.0027   0.0031   0.0035
                     
Monetary assets and liabilities   2,160   1,949   1,738   1,527   1,316
Net effect   2,160   1,949   1,738   1,527   1,316
                     
CLP   0.0038   0.0047   0.0055   0.0063   0.0071
                     
Monetary assets and liabilities   (66,315)   (33,358)    (400)    32,557    65,515
Net effect   (66,315)   (33,358)    (400)    32,557    65,515
                     
    Scenario
    Remote   Possible   Reasonably   Possible   Remote
Exchange rate - Operating results   - 30%   - 15%   Possible   + 15%   + 30%
USD   3.5000   4.2500   5.0000   5.7500   6.5000
                     
Revenue in USD    (770,577)    (339,702)    91,173     522,048     952,923
NDF     321,241     141,616   (38,009)    (217,634)    (397,259)
Collar     442,768     191,518   (12,307)    (208,500)    (459,750)
Net effect    (6,568)    (6,568)    40,857    95,914    95,914
                     
    Scenario
    Remote   Possible   Reasonably   Possible   Remote
Exchange rate - Operating results   - 30%   - 15%   Possible   + 15%   + 30%
Soybean meal - CBOT   289   350   412   474   536
                     
Cost of sales   5,440   2,720     -    (2,720)    (5,440)
Collar    (4,628)    (2,079)     -   359   1,831
NDF    (496)    (248)     -   248   496
Net effect   316   393     -    (2,113)    (3,113)
                     
Soybean oil - CBOT   835   1,014   1,193   1,372   1,551
                     
Cost of sales   3,579   1,789     -    (1,789)    (3,579)
NDF    (3,579)    (1,789)     -   1,789   3,579
Net effect     -     -     -     -     -
                     
Corn - CBOT   139   169   199   228   258
                     
Cost of sales    26,323    13,162     -   (13,162)   (26,323)
Collar    (3,755)    (1,412)     -   343   2,282
NDF   (21,476)   (10,738)     -    10,738    21,476
Net effect   1,092   1,012     -    (2,081)    (2,565)
                     
Corn - B3   756   918   1,079   1,241   1,403
                     
Cost of sales    21,911    10,955     -   (10,955)   (21,911)
Collar   (15,696)    (349)     -    12,520    38,068
Future    22,039    11,019     -   (11,019)   (22,039)
Net effect    28,254    21,625     -    (9,454)    (5,882)
Schedule of financial instruments by category
             
  12.31.23
  Amortized cost   FVTOCI (3)   Fair value through profit and loss   Total
    Equity instruments    
Assets              
Cash and bank 1,607,257   -   -   1,607,257
Cash equivalents  -   -     7,657,407   7,657,407
Marketable securities 291,402   12,103     464,368   767,873
Restricted cash  86,209   -   -     86,209
Trade accounts receivable 4,434,070   -     337,898   4,771,968
Notes receivables  66,261   -   -     66,261
Derivatives not designated  -   -     154   154
Derivatives designated as hedge accounting (1)  -   -     638,898   638,898
               
Liabilities              
Trade accounts payable (12,592,428)   -   -   (12,592,428)
Loans and borrowings (2) (15,074,206)   -   (5,021,342)   (20,095,548)
Derivatives not designated  -   -     (62,647)   (62,647)
Derivatives designated as hedge accounting (1)  -   -     (74,112)   (74,112)
  (21,181,435)   12,103     3,940,624   (17,228,708)
(1)All derivatives are classified at fair value through profit and loss. Those designated as hedge accounting instruments have their gains and losses also affecting Equity and Inventories.
(2)The part of the loans and borrowings that is object in a fair value hedge is classified as Fair value through profit and loss. The rest of the loans and borrowings balance is classified as amortized cost and those designated as cash flow or net investment hedge accounting instruments have their gains and losses also affecting Equity.
(3)FVTOCI: Fair Value Through Other Comprehensive Income.

 

 

               
  12.31.22
  Amortized cost   FVTOCI (3)   Fair value through profit and loss   Total
    Equity instruments    
Assets              
Cash and bank 1,865,077   -   -   1,865,077
Cash equivalents  -   -     6,265,852   6,265,852
Marketable securities 379,145   11,752     433,878   824,775
Restricted cash  89,717   -   -     89,717
Trade accounts receivable 3,918,570   -     274,493   4,193,063
Other receivables  38,443   -   -     38,443
Derivatives not designated  -   -     3,939    3,939
Derivatives designated as hedge accounting  -   -     127,209   127,209
               
Liabilities              
Trade accounts payable (14,136,224)   -   -   (14,136,224)
Loans and borrowings (16,055,704)   -   (7,461,296)   (23,517,000)
Derivatives not designated  -   -    (6,251)     (6,251)
Derivatives designated as hedge accounting  -   -   (250,916)     (250,916)
  (23,900,976)   11,752   (613,092)   (24,502,316)
Schedule of classification of financial instruments accounted at fair value
                     
  12.31.23   12.31.22
  Level 1   Level 2   Total   Level 1   Level 2   Total
Financial Assets                      
Fair value through other comprehensive income                      
Stocks   12,103     -     12,103     11,752   -   11,752
Fair value through profit and loss                      
Savings account and overnight   17,570     -     17,570     12,720   -   12,720
Term deposits  2,758,300     -    2,758,300    2,495,438   -     2,495,438
Bank deposit certificates   -    4,876,861    4,876,861     -     3,754,202     3,754,202
Financial treasury bills 412,107     -   412,107    364,543   -    364,543
Investment funds   21,186     -     21,186     19,018   -   19,018
Trade accounts receivable   -   337,898   337,898     -    274,493    274,493
Derivatives   -   639,052   639,052     -    131,148    131,148
Other titles   35,751     -     35,751     53,809   -   53,809
Financial Liabilities                      
Fair value through profit and loss                      
Derivatives   -     (136,759)     (136,759)     -   (257,167)   (257,167)
Loans and borrowings   -     (5,021,342)     (5,021,342)     -   (7,461,296)   (7,461,296)
   3,257,017   695,710    3,952,727    2,957,280   (3,558,620)   (601,340)
Schedule of financial instruments of book value
                       
            12.31.23   12.31.22
    Currency   Maturity   Book
value		   Fair
value		   Book
value		   Fair
value
BRF S.A.                        
BRF SA BRFSBZ 4 3/4   USD   2024    -    -     (1,525,727)   (1,513,221)
BRF SA BRFSBZ 3.95   USD   2023    -    -     (1,185,479)   (1,209,990)
BRF SA BRFSBZ 4 7/8   USD   2030     (2,896,104)   (2,506,390)     (3,119,390)   (2,602,599)
BRF SA BRFSBZ 5 3/4   USD   2050     (3,209,653)   (2,398,081)     (3,463,081)   (2,503,033)
Debenture - 1st issue   BRL   2026    (830,144)   (853,640)    (768,428)   (756,718)
Debenture - 2nd issue   BRL   2027 - 2030     (2,681,294)   (3,048,882)     (2,355,427)   (2,366,883)
Debenture - 3rd issue   BRL   2031     (1,214,044)   (1,214,044)     (1,013,639)   (877,103)
Debenture - 4rd issue   BRL   2027 - 2032     (1,908,952)   (2,032,361)     (1,802,652)   (1,717,004)
BRF GmbH                        
BRF SA BRFSBZ 4.35   USD   2026     (1,453,805)   (1,360,530)     (2,608,613)   (2,367,075)
            (14,193,996)   (13,413,928)   (17,842,436)   (15,913,626)