Profit for the year

Adjustments for:

Income tax

Amortization and depreciation

(Gain) / loss from disposal of trading properties

(Gain) / loss from disposal of property, plant and equipment

Impairment of property, plant and equipment

Net (gain) / loss from fair value adjustment of investment properties

Gain from lease modification

Impairment of trading properties

(Gain) / loss from disposal of subsidiary and associates

Financial results, net

Provisions and allowances

Share of profit of associates and joint ventures

Management fees

Changes in net realizable value of agricultural products after harvest

Unrealized initial recognition and changes in fair value of biological assets and agricultural products at the point of harvest

Gain from disposal of farmlands

Changes in operating assets and liabilities:

Increase in inventories

Decrease / (increase) in trading properties

(Increase) / decrease in biological assets

(Increase) / decrease in trade and other receivables

Decrease in trade and other payables

(Decrease) / increase in salaries and social security liabilities

Decrease in provisions

Decrease in lease liabilities

Net variation in derivative financial instruments

Decrease in right of use assets

Net cash generated from operating activities before income tax paid

Investment properties

Property, plant and equipment

Intangible assets

Income tax and MPIT credit

Trade and other receivables

Inventories

Borrowings

Deferred income tax liabilities

Trade and other payables

Provisions 

Salaries and social security liabilities

Net value of assets acquired that did not affect cash

Cash and cash equivalents

Goodwill

Net value of incorporated assets

Previously held interest (financial asset)

Settlement through a decrease in investments in financial assets

Seller Financed Amount

Cash consideration paid

Cash and cash equivalents acquired

Net outflow of cash and cash equivalents

Increase in investment properties through an increase in trade and other payables

Decrease in investment properties through an increase in property, plant and equipment

Currency translation adjustment and other comprehensive results from associates and joint ventures

Other changes in shareholders' equity

Increase of non-convertible notes through a decrease in non-convertible notes

Decrease in property, plant and equipment through an increase in investment properties

Increase in shareholders' equity through an increase in investment properties

Increase in deferred income tax liabilities through a decrease in shareholders' equity

Decrease in lease liabilities through a decrease in trade and other receivables

Decrease in lease liabilities through an increase in trade and other payables

Increase in investment properties through a decrease in investment in financial assets

Decrease in investment in financial assets through a decrease in trade and other payables

Decrease in investment in financial assets through an increase in trade and other receivables

Increase in property, plant and equipment through an increase in trade and other payables

Decrease in property, plant and equipment through an increase in trade and other receivables

Increase in investment in financial assets through an increase in borrowings

Decrease in shareholders' equity through a decrease in investment in financial assets

Increase in right of use assets through an increase in lease liabilities

Increase in investment in associates and joint ventures through a decrease in financial assets

Increase in intangible assets through a decrease in investment properties

Increase in intangible assets through an increase in trade and other payables

Increase in investments in financial assets through a decrease in trade and other receivables

Decrease in investment in associates and joint ventures through an increase in trade and other receivables

Decrease in investment properties through an increase in trade and other receivables

Increase in investments in financial assets through a decrease in investment in associates and joint ventures

Decrease in trading properties through an increase in trade and other receivables

Decrease in intangible assets through an increase in trading properties

Increase in investments in financial assets through an increase in trade and other payables

Decrease in investment in associates and joint ventures through a decrease in borrowings

Increase in group of assets held for sale through a decrease in property, plant and equipment

Increase in investment properties through a decrease in trade and other receivables

Barter transaction investment properties

Decrease in shareholders' equity through an increase in trade and other payables

Increase in investments in financial assets through a decrease in derivative financial instruments

Increase in shareholders' equity through a decrease in trade and other payables

Increase in borrowings through a decrease in trade and other payables

Decrease in borrowings through an increase in trade and other payables

Decrease in shareholders' equity through a decrease in trade and other receivables

Decrease in investment properties through an increase in trading properties

Increase in intangible assets through an increase in payroll and social security liabilities

Decrease in investment in associates and joint ventures through a decrease in trade and other payables

Increase in investments in financial assets through an increase in non-controlling interests in subsidiaries

Increase in derivative financial instruments through a decrease in equity

Exercise of warrants

Share-based payment reserve