Management Report 2020
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SLC
Planorte
Pamplona
Management Report 2020
Farm
Parnaiba
Location
Tasso Fragoso (MA)
Sapezal (MT)
Cristalina (GO)
Agrícola
Accounting value
Up to 1 year
1 to 2 years
2 to 3 years
3 to 4 years
4 to 5 years
Over 5 years
228,545
27,147
26,307
26,307
26,307
26,300
96,177
338,495
39,140
37,924
37,926
37,926
37,916
147,663
157,921
19,337
18,740
18,741
18,741
18,736
63,626
Planalto
Costa Rica (MS)
230,491
28,223
27,354
27,352
27,353
27,347
92,862
Palmares
Barreiras (BA)
117,907
14,422
13,967
13,967
13,967
13,963
47,621
Parnaguá
Santa Filomena (PI)
55,406
3,540
4,345
4,288
5,203
6,059
31,971
Parceiro
Formosa do Rio Preto (BA)
34,335
2,709
2,999
3,361
3,722
4,082
17,462
Paiaguás
Diamantino (MT)
361,399
42,928
41,598
41,598
41,598
41,587
152,090
Planeste
Balsas (MA)
75,891
10,003
9,475
9,475
9,475
9,472
27,991
Panorama
Correntina (BA)
53,359
7,033
6,662
6,662
6,662
6,660
19,680
Piratini
Jaborandi (BA)
42,547
5,608
5,312
5,312
5,312
5,310
15,693
Palmeira
Alto Parnaiba (MA)
8,319
987
934
934
934
934
3,596
Matriz
Porto Alegre (RS)
17,553
1,722,168
3,448
204,525
2,479
198,096
2,642
198,565
2,816
200,016
2,966
3,202
201,332
719,634
Liabilities current
Liabilities non current
204,525
1,517,643
The book value represents the lease liability with future payment flows adjusted to
present value, considering the nominal discount rate. The Company has opted to use
the practical expedient of using the single discount rate according to the respective
terms for contracts with similar characteristics. For this reason, it presents a rate rang-
ing from 6.38% to 9.75%.
The rural lease contract concluded for the Piratini, Planeste, Panorama and Palmeira
Farms, for a minimum period of 20 years, provides for the price of the lease calculated
on a rate of 3.25% of the property's valuation value. This in turn is calculated on the
areas suitable for agriculture and their respective proportional legal reserve areas, in-
cluding the value of their infrastructure. The appraiser with proof of excellence in the
elaboration of rural property evaluations is chosen by the Board of Directors of SLC
Agricola S.A. and annually the evaluation is elaborated according to the rules and
guidelines issued by the Brazilian Association of Technical Standards for Rural Prop-
erty Evaluation.
For the other contracts, the price of the lease is paid annually in BRL, converted by the
value of the over-the-counter quotation of each region's soybean bag on the day of
payment, according to the contractual clause. The price of the soybean bag must be
set by the lessor at least 15 days in advance, with no repricing foreseen.
d) Management fees
The Company considers as key management personnel the unpaid Directors, the paid
Independent Directors and the Directors (Statutory).
Administrators are remunerated in the form of pro-labore and salaries, paid via payroll.
The total amount of directors' remuneration, including bonuses and other benefits, is
shown under a specific heading in the income statement and is detailed below:
Parent Company
12/31/2020
Consolidated
Directors fee
Bonuses
Charges
Stock option plan
Other benefits
Total
(5,963)
12/31/2019
(5,210)
12/31/2020 12/31/2019
(6,391)
(5,630)
(2,973)
(2,945)
(3,083)
(3,187)
(2,899)
(2,509)
(3,038)
(2,695)
(1,810)
(1,567)
(1,810)
(1,567)
(395)
(728)
(394)
(748)
(14,040)
(12,959)
(14,716)
(13,827)
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