Management Report 2020
-
....
Management Report 2020
SLC
Agrícola
f) Credit risk
A substantial portion of the sales of the Company and its subsidiaries is made to select and highly qualified clients: trading companies and weaving mills among others
that usually acquire large volumes to guarantee local and international trading. Credit risk is managed by specific customer acceptance rules, credit analysis and setting
exposure limits per customer. Historically, the Company and its subsidiaries have not recorded significant losses on trade accounts receivable.
Depending on the above, the credit risk assumed is not relevant. The Company considers the balance of accounts receivable from customers as exposed to this risk. At
December 31, 2020, the balance is R$ 178,085 in the Parent Company and R$ 207,283 in the consolidated (R$ 137,114 in the Parent Company and R$ 178,405 in the
consolidated at December 31, 2019).
g) Liquidity risk
The gross outflows, disclosed below, represent the contractual undiscounted cash flows related to derivative and non-derivative financial liabilities held for risk manage-
ment purposes and that are not normally closed before the contractual maturity. The table presents net cash flows for cash derivatives settled by net exposure and
gross cash outflows for derivatives that have simultaneous gross settlement.
December 31, 2020
FINANCIAL LIABILITIES
Non Derivatives
Loans and financing
Suppliers
Lease liabilities
Book value
Parent Company
Contractual cash flow
Up to 1 year
1 to 2 years
2 to 3 years
3 to 4 years
4 to 5 years
Over 5 years
2,050,748
2,241,448
933,146
2,615,382
933,146
307,448
933,146
1,076,946
539,566
150,788
156,091
10,609
4,518,178
373,173
368,208
363,507
339,393
5,599,276
7,692,772
1,613,767
1,445,154
903,073
490,181
330,710
486,801
2,743,187
2,753,796
Derivatives
Operations with Derivatives
167,360
(167,360)
(228,521)
20,571
(3,912)
14,288
30,214
167,360
(167,360)
(228,521)
20,571
5,766,636
7,525,412
1,385,246
1,465,725
(3,912)
899,161
14,288
504,469
30,214
517,015
2,753,796
Consolidated
December 31, 2020
Book value
Contractual cash flow
Up to 1 year
1 to 2 years
2 to 3 years
3 to 4 years
4 to 5 years
Over 5 years
FINANCIAL LIABILITIES
Non Derivatives
Loans and financing
1,326,729
Suppliers
Securities payable
Lease liabilities
Derivatives
Operations with Derivatives
4,466,315
171,749
2,417,283
2,622,249
1,101,769
1,101,769
388,630
1,101,769
12,979
934,284
12,979
1,353,255
12,273
167,950
5,090,252
1,670,622
706
161,396
1,488,831
156,185
130,314
110,445
736,391
285,410
267,885
626,965
641,113
(171,749)
(260,383)
171,749
4,638,064
(171,749)
4,918,503
(260,383)
1,410,239
48,043
48,043
1,536,874
(3,912)
14,288
30,215
(3,912)
14,288
30,215
732,479
299,698
298,100
641,113
580,206
155,096
157,440
14,148
Cash flows included in the maturity analysis are not expected to occur significantly earlier or at different values.
On February 23, 2021, the company S&P Global Ratings published a new corporate rating of the Company, classifying it as "[br AA]" in the national scale category (Brazil).
136View entire presentation