PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE, ASSETS AND GOODWILL, CONTRACT ASSETS, RIGHT-OF-USE AND INVESTMENT PROPERTIES (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| PROPERTY, PLANT AND EQUIPMENT, INTANGIBLE, ASSETS AND GOODWILL, CONTRACT ASSETS, RIGHT-OF-USE AND INVESTMENT PROPERTIES |
|
| Summary of Depreciation on Straight-line Basis Over the Estimated Useful life of Assets |
Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:
|
|
|
|
|
|
Buildings and improvements |
|
4% - 5% |
|
|
Machinery, equipment and installations |
|
8% - 11% |
|
|
Furniture and fixtures |
|
10% - 15% |
|
|
Wagons |
|
2.9% - 6% |
|
|
Locomotives |
|
3.3% - 8% |
|
|
Permanent ways |
|
3% - 4% |
|
|
IT equipment |
|
20% |
|
|
Other |
|
10% - 20% |
|
|
| Schedule of Property Plant and Equipment |
|
|
Consolidated |
|
|
|
Land, buildings and improvements |
|
|
Machines, equipment and installations |
|
|
Wagons and
locomotives (i) |
|
|
Permanent railways |
|
|
Construction in progress |
|
|
Other assets |
|
|
Total |
|
|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of January 1, 2023 |
2,135,403 |
|
|
1,942,798 |
|
|
7,994,336 |
|
|
10,416,500 |
|
|
4,315,087 |
|
|
720,953 |
|
|
27,525,077 |
|
|
Additions |
11,356 |
|
|
18,671 |
|
|
898 |
|
|
710 |
|
|
4,577,377 |
|
|
15,497 |
|
|
4,624,509 |
|
|
Write-offs |
(199,080 |
) |
|
(34,872 |
) |
|
(118,414 |
) |
|
(116,957 |
) |
|
(2,157 |
) |
|
(16,961 |
) |
|
(488,441 |
) |
|
Transfers |
281,621 |
|
|
196,158 |
|
|
821,701 |
|
|
2,552,077 |
|
|
(3,710,146 |
) |
|
33,451 |
|
|
174,862 |
|
|
Exchange differences |
(11,626 |
) |
|
(23,492 |
) |
|
— |
|
|
— |
|
|
1,944 |
|
|
(13,668 |
) |
|
(46,842 |
) |
|
Assets held for sale |
(89 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(396,150 |
) |
|
(535 |
) |
|
(396,774 |
) |
|
Balance as of December 31, 2023 |
2,217,585 |
|
|
2,099,263 |
|
|
8,698,521 |
|
|
12,852,330 |
|
|
4,785,955 |
|
|
738,737 |
|
|
31,392,391 |
|
|
Additions |
5,626 |
|
|
3,787 |
|
|
— |
|
|
— |
|
|
6,673,050 |
|
|
4,657 |
|
|
6,687,120 |
|
|
Write-offs |
(9,310 |
) |
|
(81,099 |
) |
|
(519,465 |
) |
|
(209,845 |
) |
|
(11,116 |
) |
|
(46,538 |
) |
|
(877,373 |
) |
|
Transfers (i) |
299,824 |
|
|
1,823,557 |
|
|
997,886 |
|
|
1,171,698 |
|
|
(4,371,472) |
|
|
48,655 |
|
|
(29,852) |
|
|
Impairment |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(6,155 |
) |
|
— |
|
|
(6,155 |
) |
|
Exchange differences |
54,373 |
|
|
101,257 |
|
|
— |
|
|
— |
|
|
10,534 |
|
|
67,187 |
|
|
233,351 |
|
|
Balance as of December 31, 2024 |
2,568,098 |
|
|
3,946,765 |
|
|
9,176,942 |
|
|
13,814,183 |
|
|
7,080,796 |
|
|
812,698 |
|
|
37,399,482 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of January 1, 2023 |
(522,048 |
) |
|
(749,237 |
) |
|
(3,357,319 |
) |
|
(3,762,623 |
) |
|
(13,379 |
) |
|
(172,035 |
) |
|
(8,576,641 |
) |
|
Additions |
(76,599 |
) |
|
(183,965 |
) |
|
(613,033 |
) |
|
(806,398 |
) |
|
— |
|
|
(74,695 |
) |
|
(1,754,690 |
) |
|
Transfers |
(49,649 |
) |
|
5,476 |
|
|
(6,838 |
) |
|
(31,199 |
) |
|
— |
|
|
(45 |
) |
|
(82,255 |
) |
|
Write-offs |
17,769 |
|
|
14,870 |
|
|
110,237 |
|
|
89,725 |
|
|
— |
|
|
15,192 |
|
|
247,793 |
|
|
Exchange differences |
3,536 |
|
|
4,684 |
|
|
— |
|
|
— |
|
|
— |
|
|
3,775 |
|
|
11,995 |
|
|
Assets held for sale |
40 |
|
|
937 |
|
|
— |
|
|
— |
|
|
— |
|
|
404 |
|
|
1,381 |
|
|
Balance as of December 31, 2023 |
(626,951 |
) |
|
(907,235 |
) |
|
(3,866,953 |
) |
|
(4,510,495 |
) |
|
(13,379 |
) |
|
(227,404 |
) |
|
(10,152,417 |
) |
|
Additions |
(57,606 |
) |
|
(222,846 |
) |
|
(627,303 |
) |
|
(938,312 |
) |
|
— |
|
|
(66,861 |
) |
|
(1,912,928 |
) |
|
Write-offs |
4,041 |
|
|
73,206 |
|
|
457,597 |
|
|
5,099 |
|
|
— |
|
|
37,199 |
|
|
577,142 |
|
|
Transfers (ii) |
5,401 |
|
|
(6,881 |
) |
|
(23,170 |
) |
|
— |
|
|
— |
|
|
2,182 |
|
|
(22,468 |
) |
|
Exchange differences |
(15,028 |
) |
|
(41,044 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(35,840 |
) |
|
(91,912 |
) |
|
Impairment |
— |
|
|
(213,621 |
) |
|
(891,604 |
) |
|
(1,267,439 |
) |
|
(401,513 |
) |
|
(3,706 |
) |
|
(2,777,883 |
) |
|
Balance as of December 31, 2024 |
(690,143 |
) |
|
(1,318,421 |
) |
|
(4,951,433 |
) |
|
(6,711,147 |
) |
|
(414,892 |
) |
|
(294,430 |
) |
|
(14,380,466 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2023 |
1,590,634 |
|
|
1,192,028 |
|
|
4,831,568 |
|
|
8,341,835 |
|
|
4,772,576 |
|
|
511,333 |
|
|
21,239,974 |
|
|
Balance as of December 31, 2024 |
1,877,955 |
|
|
2,628,344 |
|
|
4,225,509 |
|
|
7,103,036 |
|
|
6,665,904 |
|
|
518,268 |
|
|
23,019,016 |
|
| (i) |
On December 31, 2024, assets, mainly wagons and locomotives, at a cost of R$1,390,404 (R$1,390,404 on December 31, 2023), were pledged as collateral to secure bank loans. |
| (ii) |
Transfers from property, plant and equipment because of capitalization and other reclassifications of these assets. |
|
| Summary Intangible Assets and Goodwill |
|
|
Consolidated |
|
|
|
Goodwill |
|
|
Concession right |
|
|
Licenses |
|
|
Brands and patents |
|
|
Customer relationships |
|
|
Other |
|
|
Supply Agreement |
|
|
Total |
|
|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of January 1, 2023 |
1,460,072 |
|
|
22,899,744 |
|
|
500,093 |
|
|
163,923 |
|
|
2,827,984 |
|
|
559,658 |
|
|
— |
|
|
28,411,474 |
|
|
Additions |
4,731 |
|
|
— |
|
|
— |
|
|
— |
|
|
121,806 |
|
|
67,600 |
|
|
— |
|
|
194,137 |
|
|
Write-offs |
— |
|
|
(62,272 |
) |
|
— |
|
|
— |
|
|
(64 |
) |
|
(2,075 |
) |
|
— |
|
|
(64,411 |
) |
|
Transfers |
— |
|
|
1,460,012 |
|
|
183,996 |
|
|
— |
|
|
(219,318 |
) |
|
14,067 |
|
|
— |
|
|
1,438,757 |
|
|
Exchange differences |
(42,012 |
) |
|
— |
|
|
(4,451 |
) |
|
(8,443 |
) |
|
(97,642 |
) |
|
5,315 |
|
|
— |
|
|
(147,233 |
) |
|
Assets held for sale |
(30,817 |
) |
|
— |
|
|
(436,594 |
) |
|
— |
|
|
(1,819 |
) |
|
(17,060 |
) |
|
— |
|
|
(486,290 |
) |
|
Business combination |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
7,875 |
|
|
574,363 |
|
|
582,238 |
|
|
Balance as of December 31, 2023 |
1,391,974 |
|
|
24,297,484 |
|
|
243,044 |
|
|
155,480 |
|
|
2,630,947 |
|
|
635,380 |
|
|
574,363 |
|
|
29,928,672 |
|
|
Additions |
— |
|
|
12,088 |
|
|
— |
|
|
— |
|
|
87,146 |
|
|
90,575 |
|
|
— |
|
|
189,809 |
|
|
Write-offs |
— |
|
|
(141,588 |
) |
|
— |
|
|
— |
|
|
(81 |
) |
|
(5,814 |
) |
|
— |
|
|
(147,483 |
) |
|
Business combination |
7,824 |
|
|
3,296,505 |
|
|
— |
|
|
1,249 |
|
|
19,313 |
|
|
— |
|
|
— |
|
|
3,324,891 |
|
|
Transfers (i) |
— |
|
|
1,431,644 |
|
|
(3,235 |
) |
|
— |
|
|
(17 |
) |
|
41,662 |
|
|
— |
|
|
1,470,054 |
|
|
Exchange differences |
185,223 |
|
|
11,500 |
|
|
28,403 |
|
|
39,341 |
|
|
341,454 |
|
|
25,940 |
|
|
— |
|
|
631,861 |
|
|
Balance as of December 31, 2024 |
1,585,021 |
|
|
28,907,633 |
|
|
268,212 |
|
|
196,070 |
|
|
3,078,762 |
|
|
787,743 |
|
|
574,363 |
|
|
35,397,804 |
|
|
Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of January 1, 2023 |
— |
|
|
(4,652,963 |
) |
|
(19,194 |
) |
|
(9,201 |
) |
|
(1,170,494 |
) |
|
(437,680 |
) |
|
— |
|
|
(6,289,532 |
) |
|
Additions |
— |
|
|
(861,103 |
) |
|
(6,969 |
) |
|
— |
|
|
(196,995 |
) |
|
(28,436 |
) |
|
— |
|
|
(1,093,503 |
) |
|
Write-offs |
— |
|
|
37,148 |
|
|
— |
|
|
— |
|
|
2 |
|
|
71 |
|
|
— |
|
|
37,221 |
|
|
Transfers (i) |
— |
|
|
— |
|
|
(37,209 |
) |
|
— |
|
|
75,265 |
|
|
19,873 |
|
|
— |
|
|
57,929 |
|
|
Exchange differences |
— |
|
|
— |
|
|
156 |
|
|
— |
|
|
2,453 |
|
|
1,526 |
|
|
— |
|
|
4,135 |
|
|
Assets held for sale |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
1,213 |
|
|
4,152 |
|
|
— |
|
|
5,365 |
|
|
Balance as of December 31, 2023 |
— |
|
|
(5,476,918 |
) |
|
(63,216 |
) |
|
(9,201 |
) |
|
(1,288,556 |
) |
|
(440,494 |
) |
|
— |
|
|
(7,278,385 |
) |
|
Additions |
— |
|
|
(960,471 |
) |
|
(6,978 |
) |
|
— |
|
|
(364,926 |
) |
|
(44,359 |
) |
|
— |
|
|
(1,376,734 |
) |
|
Write-offs |
— |
|
|
87,433 |
|
|
— |
|
|
— |
|
|
— |
|
|
659 |
|
|
— |
|
|
88,092 |
|
|
Business combination |
— |
|
|
(391,372 |
) |
|
— |
|
|
— |
|
|
— |
|
|
3,264 |
|
|
— |
|
|
(388,108 |
) |
|
Transfers (i) |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(762 |
) |
|
— |
|
|
(762 |
) |
|
Exchange differences |
— |
|
|
(11,500 |
) |
|
(9,674 |
) |
|
— |
|
|
(82,913 |
) |
|
(2,597 |
) |
|
— |
|
|
(106,684 |
) |
|
Impairment |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(4,438 |
) |
|
— |
|
|
(4,438 |
) |
|
Balance as of December 31, 2024 |
— |
|
|
(6,752,828 |
) |
|
(79,868 |
) |
|
(9,201 |
) |
|
(1,736,395 |
) |
|
(488,727 |
) |
|
— |
|
|
(9,067,019 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2023 |
1,391,974 |
|
|
18,820,566 |
|
|
179,828 |
|
|
146,279 |
|
|
1,342,391 |
|
|
194,886 |
|
|
574,363 |
|
|
22,650,287 |
|
|
Balance as of December 31, 2024 |
1,585,021 |
|
|
22,154,805 |
|
|
188,344 |
|
|
186,869 |
|
|
1,342,367 |
|
|
299,016 |
|
|
574,363 |
|
|
26,330,785 |
|
| (i) |
The number of transfers also includes a portion of R$152,137 of intangible assets that was reclassified to financial assets (R$103,084, fiscal year ended December 31, 2023). Additionally, it includes the amount of R$4,660 transferred from fixed assets. |
|
| Summary Intangible Assets (Excluding Goodwill) |
|
Intangible assets (except goodwill) |
|
Annual amortization rate |
|
12/31/2024 |
|
|
12/31/2023 |
|
|
Concession rights: |
|
|
|
|
|
|
|
|
|
Compass (i) |
|
From 3.54% to 4.58% |
|
15,762,227 |
|
|
12,307,964 |
|
|
|
|
|
|
|
|
|
|
|
|
Rumo (ii) |
|
1.59% |
|
6,392,578 |
|
|
6,512,602 |
|
|
|
|
|
|
22,154,805 |
|
|
18,820,566 |
|
|
|
|
|
|
|
|
|
|
|
Licenses and authorizations |
|
|
|
|
|
|
|
|
|
Port operation license |
|
3.70% |
|
44,375 |
|
|
47,610 |
|
|
Moove |
|
5.00% |
|
143,969 |
|
|
132,218 |
|
|
|
|
|
|
188,344 |
|
|
179,828 |
|
|
|
|
|
|
|
|
|
|
|
Brands and patents: |
|
|
|
|
|
|
|
|
|
Comma |
|
Indefinity |
|
59,255 |
|
|
47,015 |
|
|
Petrochoice (iii) |
|
Indefinity |
|
125,175 |
|
|
96,826 |
|
|
Tirreno (iii) |
|
Indefinity |
|
2,439 |
|
|
2,438 |
|
|
|
|
|
|
186,869 |
|
|
146,279 |
|
|
|
|
|
|
|
|
|
|
|
Customers relationship |
|
|
|
|
|
|
|
|
|
Compass |
|
20.00% |
|
234,533 |
|
|
280,111 |
|
|
Moove (iii) |
|
5% to 30% |
|
1,107,834 |
|
|
1,062,280 |
|
|
|
|
|
|
1,342,367 |
|
|
1,342,391 |
|
|
|
|
|
|
|
|
|
|
|
Contract of supply |
|
|
|
|
|
|
|
|
|
Compass |
|
5.00% |
|
574,363 |
|
|
574,363 |
|
|
|
|
|
|
574,363 |
|
|
574,363 |
|
|
|
|
|
|
|
|
|
|
|
Other |
|
|
|
|
|
|
|
|
|
Software license |
|
20.00% |
|
220,084 |
|
|
90,162 |
|
|
Other |
|
20.00% |
|
78,932 |
|
|
104,724 |
|
|
|
|
|
|
299,016 |
|
|
194,886 |
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
24,745,764 |
|
|
21,258,313 |
|
The Company's intangible assets are composed of:
| (i) |
Gas Distribution Concession Right: Intangible asset of the public gas distribution service concession, which represents the right to charge users for the supply of gas, composed of: (a) the concession rights recognized in the business combination and (b) the concession assets; |
| (ii) |
Railway Concession Right: Referring to Rumo's railway concession contract. The amount will be amortized until the end of the concession in 2079; |
| (iii) |
Authorization: Authorization for: (a) lubrication and contamination control solutions, (b) production and sale of lubricating oils, additives and fluids. |
|
| Summary of combined carrying amounts of goodwill allocated to each cash-generating |
Below we show the carrying amount of goodwill and intangible assets with indefinite useful lives allocated to each of the cash generating units:
|
|
12/31/2024 |
|
|
12/31/2023 |
|
|
|
|
Goodwill |
|
|
Brands and patents |
|
|
Goodwill |
|
|
Brands and patents |
|
|
UGC Moove |
|
1,447,300 |
|
|
186,869 |
|
|
1,254,253 |
|
|
146,279 |
|
|
UGC Compass |
|
100,192 |
|
|
— |
|
|
100,192 |
|
|
— |
|
|
UGC Rumo |
|
37,529 |
|
|
— |
|
|
37,529 |
|
|
— |
|
|
|
|
1,585,021 |
|
|
186,869 |
|
|
1,391,974 |
|
|
146,279 |
|
| Summary of assumptions used for annual impairment test |
The annual impairment test utilized the following assumptions:
| Premises |
|
% Yearly |
|
Risk-free rate (T-Note 10y) |
|
3.76% |
|
Inflation (BR) |
|
3.81% |
|
Inflation (US) |
|
2.18% |
|
Inflation (UK) |
|
1.90% |
|
Country risk premium (BR) |
|
3.34% |
|
Country risk premium (UK) |
|
0.80% |
|
Country risk premium (ARG) |
|
16.01% |
|
Market risk premium |
|
4.00% |
|
Tax rate (BR) |
|
34.00% |
|
Tax rate (UK) |
|
25.00% |
|
Tax rate (ARG) |
|
35.00% |
|
| Schedule of changes in contract assets |
|
Contract assets are measured based on their acquisition cost, which includes capitalized borrowing costs. The depreciable amounts in the concession contract are transferred to intangible assets when the assets are put into operation. The indirect affiliate Comgás reassesses the useful life, and whenever this assessment reveals that the amortization period will exceed the term of the concession agreement, a portion of the asset is converted into a financial asset because it represents a receivable from the granting authority. This classification follows IFRIC 12 - Concession Agreements. |
|
|
Compass |
|
|
Moove |
|
|
Total |
|
|
Balance as of January 1, 2023 |
1,110,335 |
|
|
8,380 |
|
|
1,118,715 |
|
|
Additions |
1,494,142 |
|
|
33,952 |
|
|
1,528,094 |
|
|
Write-offs |
— |
|
|
(31,648 |
) |
|
(31,648 |
) |
|
Transfers |
(1,563,056 |
) |
|
— |
|
|
(1,563,056 |
) |
|
Balance as of December 31, 2023 |
1,041,421 |
|
|
10,684 |
|
|
1,052,105 |
|
|
Additions |
1,602,284 |
|
|
16,564 |
|
|
1,618,848 |
|
|
Write-offs |
(4,650 |
) |
|
(22,881 |
) |
|
(27,531 |
) |
|
Transfers (i) |
(1,585,219 |
) |
|
— |
|
|
(1,585,219 |
) |
|
Business combination |
56,627 |
|
|
— |
|
|
56,627 |
|
|
Balance as of December 31, 2024 |
1,110,463 |
|
|
4,367 |
|
|
1,114,830 |
|
| (i) |
The amount of the transfers also includes a portion of the intangible asset that was reclassified as a financial asset. |
|
| Summary of transaction charts of right of use assets |
|
|
Consolidated |
|
|
|
Land, buildings and improvements |
|
|
Machine, equipment, and installations |
|
|
Wagons and locomotives |
|
|
Software |
|
|
Vehicles |
|
|
Floating storage and regasification |
|
|
Railway and port infrastructure |
|
|
Total |
|
|
Cost |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of January 1, 2023 |
453,718 |
|
|
268,470 |
|
|
943,096 |
|
|
85,949 |
|
|
34,743 |
|
|
— |
|
|
7,961,141 |
|
|
9,747,117 |
|
|
Additions |
81,911 |
|
|
233,155 |
|
|
— |
|
|
— |
|
|
25,541 |
|
|
1,533,969 |
|
|
45,271 |
|
|
1,919,847 |
|
|
Contractual readjustments |
17,917 |
|
|
3,426 |
|
|
332 |
|
|
— |
|
|
— |
|
|
— |
|
|
96,257 |
|
|
117,932 |
|
|
Write-offs |
(25,110 |
) |
|
(7,084 |
) |
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(6,384 |
) |
|
(38,578 |
) |
|
Transfers |
— |
|
|
34,742 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
34,742 |
|
|
Exchange differences |
(11,347 |
) |
|
(11,589 |
) |
|
— |
|
|
— |
|
|
(120 |
) |
|
— |
|
|
— |
|
|
(23,056 |
) |
|
Balance as of December 31, 2023 |
517,089 |
|
|
521,120 |
|
|
943,428 |
|
|
85,949 |
|
|
60,164 |
|
|
1,533,969 |
|
|
8,096,285 |
|
|
11,758,004 |
|
|
Additions |
54,516 |
|
|
62,354 |
|
|
4,420 |
|
|
— |
|
|
98,445 |
|
|
60,465 |
|
|
801,375 |
|
|
1,081,575 |
|
|
Contractual readjustments |
3,928 |
|
|
298 |
|
|
9,412 |
|
|
1,771 |
|
|
20 |
|
|
— |
|
|
82,927 |
|
|
98,356 |
|
|
Write-offs |
(14,196 |
) |
|
(550 |
) |
|
— |
|
|
— |
|
|
(190 |
) |
|
— |
|
|
— |
|
|
(14,936 |
) |
|
Business combination (i) |
21,531 |
|
|
— |
|
|
— |
|
|
— |
|
|
2,626 |
|
|
— |
|
|
— |
|
|
24,157 |
|
|
Exchange differences |
63,156 |
|
|
5,992 |
|
|
— |
|
|
— |
|
|
15,632 |
|
|
— |
|
|
— |
|
|
84,780 |
|
|
Balance as of December 31, 2024 |
646,024 |
|
|
589,214 |
|
|
957,260 |
|
|
87,720 |
|
|
176,697 |
|
|
1,594,434 |
|
|
8,980,587 |
|
|
13,031,936 |
|
|
Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of January 1, 2023 |
(125,497 |
) |
|
(108,651 |
) |
|
(434,208 |
) |
|
(20,974 |
) |
|
(21,723 |
) |
|
— |
|
|
(1,023,195 |
) |
|
(1,734,248 |
) |
|
Additions |
(74,850 |
) |
|
(47,435 |
) |
|
(34,347 |
) |
|
(4,380 |
) |
|
(13,128 |
) |
|
(38,349 |
) |
|
(320,280 |
) |
|
(532,769 |
) |
|
Write-offs |
10,166 |
|
|
1,151 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
11,317 |
|
|
Exchange differences |
2,913 |
|
|
8,187 |
|
|
— |
|
|
— |
|
|
114 |
|
|
— |
|
|
— |
|
|
11,214 |
|
|
Balance as of December 31, 2023 |
(187,268 |
) |
|
(146,748 |
) |
|
(468,555 |
) |
|
(25,354 |
) |
|
(34,737 |
) |
|
(38,349 |
) |
|
(1,343,475 |
) |
|
(2,244,486 |
) |
|
Additions |
(107,047 |
) |
|
(59,510 |
) |
|
(33,829 |
) |
|
(4,499 |
) |
|
(17,581 |
) |
|
(78,030) |
|
|
(308,047) |
|
|
(608,543 |
) |
|
Write-offs |
3,610 |
|
|
247 |
|
|
(2,761 |
) |
|
— |
|
|
1,872 |
|
|
— |
|
|
— |
|
|
2,968 |
|
|
Exchange differences |
(25,523 |
) |
|
(3,616 |
) |
|
— |
|
|
— |
|
|
(3,473 |
) |
|
— |
|
|
— |
|
|
(32,612 |
) |
|
Business combination (i) |
(4,902 |
) |
|
— |
|
|
— |
|
|
— |
|
|
(726 |
) |
|
— |
|
|
— |
|
|
(5,628 |
) |
|
Impairment |
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
(184,884 |
) |
|
(184,884 |
) |
|
Balance as of December 31, 2024 |
(321,130 |
) |
|
(209,627 |
) |
|
(505,145 |
) |
|
(29,853 |
) |
|
(54,645 |
) |
|
(116,379 |
) |
|
(1,836,406 |
) |
|
(3,073,185 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2023 |
329,821 |
|
|
374,372 |
|
|
474,873 |
|
|
60,595 |
|
|
25,427 |
|
|
1,495,620 |
|
|
6,752,810 |
|
|
9,513,518 |
|
|
Balance as of December 31, 2024 |
324,894 |
|
|
379,587 |
|
|
452,115 |
|
|
57,867 |
|
|
122,052 |
|
|
1,478,055 |
|
|
7,144,181 |
|
|
9,958,751 |
|
| (i) |
Right of use amounts identified in the acquisition of Compagas, see note 9.2. |
|
| Summary of balances of investment properties including properties held for sale |
|
|
Investment properties |
|
|
Balance as of January 1, 2023 |
14,103,060 |
|
|
Change in the fair value of investment properties |
2,259,924 |
|
|
Additions |
58,506 |
|
|
Transfers |
(444,782 |
) |
|
Write off |
(582 |
) |
|
Balance as of December 31, 2023 |
15,976,126 |
|
|
Change in the fair value of investment properties |
1,273,033 |
|
|
Additions |
7,055 |
|
|
Transfers (i) |
(437,080 |
) |
|
Write off |
(215 |
) |
|
Balance as of December 31, 2024 |
16,818,919 |
|
| (i) |
Transfer of farms to assets held for sale. For more details see note 8. |
|