| Property, Plant and Equipment |
| 13. | Property, Plant and Equipment |
The roll-forward of property, which include right-of-use
assets balances (note 17.1), plant and equipment is set forth below:
| (1) | Weighted average annual rate. |
| (2) | Refers to the transfer of R$544 to intangible assets and R$1,968 to assets held
for sale. |
| (3) | Refers to right-of-use assets (note 17.1) and the land concession. The amount
of R$1,869 of depreciation was recognized in the cost of formation of forests and will be realized in the result according to the depletion.
|
| |
|
| |
Average rate (1) |
|
12.31.22 |
|
Additions |
|
Disposals |
|
Monetary correction by Hyperinflation |
|
Transfers |
|
Exchange rate variation |
|
12.31.23 |
| Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Land |
|
|
751,551 |
|
10,090 |
|
(22,900) |
|
31,818 |
|
655 |
|
(41,111) |
|
730,103 |
| Buildings, facilities and improvements |
|
|
12,620,828 |
|
1,032,674 |
|
(787,519) |
|
104,826 |
|
463,943 |
|
(150,830) |
|
13,283,922 |
| Machinery and equipment |
|
|
9,730,038 |
|
251,162 |
|
(176,072) |
|
176,896 |
|
762,238 |
|
(246,955) |
|
10,497,307 |
| Furniture and fixtures |
|
|
187,609 |
|
514 |
|
(5,450) |
|
34,793 |
|
35,623 |
|
(28,383) |
|
224,706 |
| Vehicles |
|
|
627,672 |
|
138,429 |
|
(296,680) |
|
5,483 |
|
228 |
|
(29,834) |
|
445,298 |
| Construction in progress |
|
|
1,095,143 |
|
758,772 |
|
(17,965) |
|
3,947 |
|
(1,331,969) |
|
(24,414) |
|
483,514 |
| Advances to suppliers |
|
|
31,886 |
|
20,205 |
|
- |
|
- |
|
(46,064) |
|
(2,655) |
|
3,372 |
| |
|
|
25,044,727 |
|
2,211,846 |
|
(1,306,586) |
|
357,763 |
|
(115,346) |
|
(524,182) |
|
25,668,222 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Land |
5.00% |
|
(44,434) |
|
(10,785) |
|
11,408 |
|
254 |
|
- |
|
1,604 |
|
(41,953) |
| Buildings, facilities and improvements |
2.90% |
|
(5,130,376) |
|
(792,198) |
|
643,273 |
|
(49,230) |
|
494 |
|
46,239 |
|
(5,281,798) |
| Machinery and equipment |
5.66% |
|
(5,121,757) |
|
(501,143) |
|
134,430 |
|
(71,727) |
|
70,740 |
|
98,869 |
|
(5,390,588) |
| Furniture and fixtures |
8.73% |
|
(90,543) |
|
(10,439) |
|
3,114 |
|
(11,283) |
|
- |
|
11,112 |
|
(98,039) |
| Vehicles |
14.78% |
|
(366,733) |
|
(183,250) |
|
291,490 |
|
(8,382) |
|
- |
|
19,945 |
|
(246,930) |
| |
|
|
(10,753,843) |
|
(1,497,815) |
|
1,083,715 |
|
(140,368) |
|
71,234 |
|
177,769 |
|
(11,059,308) |
| |
|
|
14,290,884 |
|
714,031 |
|
(222,871) |
|
217,395 |
|
(44,112) |
|
(346,413) |
|
14,608,914 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) | Weighted average annual rate. |
The amount of capitalized borrowing costs
during the year ended December 31, 2024 was of R$34,003 (R$56,872 during the year ended December 31, 2023).
The weighted average rate used to determine the
amount of borrowing costs subject to capitalization during year ended December 31, 2024, was 11.03% p.a. (10.44% p.a. during the year
ended December 31, 2023).
The book value of the property, plant and
equipment items that are pledged as collateral for transactions of different natures are set forth below:
| Schedule of book value of the property, plant and equipment |
|
|
|
|
|
|
| |
|
|
|
|
| |
|
Type of collateral |
|
12.31.24 |
|
12.31.23 |
| Land |
|
Financial/tax/civil |
|
62,144 |
|
87,530 |
| Buildings, facilities and improvements |
|
Financial/tax |
|
947,286 |
|
1,395,846 |
| Machinery and equipment |
|
Financial/labor/tax/civil |
|
1,036,448 |
|
1,464,229 |
| Furniture and fixtures |
|
Financial/tax |
|
11,751 |
|
15,102 |
| Vehicles |
|
Financial/tax |
|
82 |
|
109 |
| |
|
|
|
2,057,711 |
|
2,962,816 |
Property, plant and equipment
|
Accounting policy:
Property, plant and equipment are measured
by the cost of acquisition, formation, construction or dismantling, less accumulated depreciation. Loans and borrowings costs are recorded
as part of the costs of property, plant and equipment in progress, considering the weighted average rate of loans and borrowings effective
on the capitalization date. Subsequent costs are capitalized only when it is probable that future economic benefits associated with the
expenses will be earned by the Company.
Depreciation is recognized based on the
estimated economic useful life of each asset using the straight-line method. The estimated useful life, residual values and depreciation
methods are reviewed annually and the effects of any changes in estimates are accounted for prospectively. Land is not depreciated, except
for itens relating to rights-of-use.
The Company annually performs an impairment
analysis for its cash-generating units, which include the balances of property, plant and equipment.
Gains and losses on disposal of property, plant
and equipment are determined by comparing the sale value with the residual book value and are recognized in the statement of income on
the date of sale under Other operating income (expense).
|
|