Management Report 2020
I
Management Report 2020
Dividends
SLC Agrícola
The distribution of dividends, in the last five fiscal years, presented
an average payout of 50% of adjusted net income.
On March 17, 2021, the Board of Directors approved the Manage-
ment Proposal, which will be submitted to the Shareholders' Meet-
ing to be held on April 4, 2021. The Proposal indicates the distribu-
tion of R$199,691,908.51. The dividend will be paid equally to all
shares issued by the company, corresponding to R$1.064543 per
common share (excluding treasury shares). Of this amount,
R$83,672,518.69 will correspond to mandatory dividend and
R$116,019,389.83 to additional dividends.
On December 16, 2020, the net amount of R$32,346,871.14 was
paid, resolved at a meeting of the Board of Directors held on No-
vember 6, 2020, imputed in the calculation of the mandatory divi-
dend for fiscal year 2020. The gross amount was distributed as in-
terest on equity corresponds to R$37,117,543.63.
The sum of the amount to be proposed to the Shareholders' Meeting
and the net amount already distributed as interest on shareholders'
equity totals R$232,038,779.65, representing 50% of the parent
company's adjusted profit ended on December 31, 2020. The divi-
dend will be paid equally to all the shares issued by the company
(excluding treasury shares), corresponding, then, to R$1.236982 for
each common share held by the shareholders.
TABLE 37. PROPOSAL OF DIVIDEND DISTRIBUTION
(R$'000)
Net income of the parent company
Appropriation of subvention reserve
Appropriation of legal reserve
Calculation base for dividends proposed
a. Minimum mandatory dividend of 25%
Interest On Equity - IOE (Gross) 1
Taxes on IOE
b. Net IOE
c. Additional Proposed dividend (25%)
Proposed Dividendes (a+b+c)
% on Net Profit for the Year
1. Amount paid on 12/16/2020.
2019
311,514
939
2020
488,674
171
15,575
24,425
295,000
464,078
73,753
83,673
37,117
-4,770
32,347
73,749
147,502
50%
116,019
232,039
50%
Increase of 56,9% in the parent company's net profit, in relation to 2019
Increase of 57,3% in the amount of proposed dividends, in comparison
to last year's same period
949
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