Management Report 2020
Management Report 2020
SLC Agrícola
Ton
2019
898,368
R$'000
1,036,218
2020
899,278
1,291,803 24.7%
HA
0.1%
R$'000
(46,758)
(106,204) 127.1%
989,460
1,185,599
19.8%
R$/ton
R$'000
R$/ton
R$/ton
1,101
(644,331)
(717)
384
1,318
19.7%
(697,641)
8.3%
(776)
8.2%
542
41.1%
Soybean | In 2020, soybean unit gross income increased
41.1% from 2019, due to the better average invoiced prices.
Corn | In 2020, 93% of the corn invoiced was produced in
the 2019/20 crop year. The 162.7% increase in unit gross
income reflects the better invoiced prices, with this factor
partially offset by the increase in unit cost.
Consolidated | To support the analysis of consolidated
Gross Income, we excluded the effects from Biological As-
sets (Variation and Realization of Fair Value) to show the
actual margins of products invoiced in the period. Gross in-
come grew 30,3% in 2020 compared to 2019, due to the
higher unit gross income from soybean and corn, which
was partially offset by the lower income from cotton.
TABLE 18. CONSOLIDATED GROSS INCOME
TABLE 16. GROSS INCOME
Soybean
Volume invoiced
Net revenue
Result of FX hedge
-
SOYBEAN
Net income adj. for the result of FX hedge R$'000
Unit price
Total cost
Unit cost
Unit gross income
TABLE 17. GROSS INCOME - CORN
Corn
(R$'000)
2019
Gross income
783,184
Cotton lint
388,000
Cotton seed
15,897
Soybean
345,129
Corn
Other
Biological assets
47,361
6,312
(19,515)
2020
1,070,299
353,515 -8.9%
58,141 265.7%
487,958 41.4%
130,227 175.0%
15,920 152.2%
24,538
HA
36.7%
Volume invoiced
Net revenue
Result of FX hedge
Ton
R$'000
R$'000
2019
634,644
Total cost
Net income adj. for the result of FX hedge R$'000
Unit price
R$/ton
R$'000 (198,182)
2020
662,840 4.4%
253,376 383,504 51.4%
(7,833) (23,165) 195.7%
245,543
387
HA
360,339
46.8%
544
40.6%
(230,112)
16.1%
Unit cost
R$/ton
n.m
Unit gross income
R$/ton
(312)
75
(347)
197
11.2%
162.7%
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