Management Report 2020
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Management Report 2020
Right of use asset
Liabilities leasing current
Liabilities leasing - non current
Consolidated
Considerations
Considerations
without inflation¹
828,496
162,258
772,026
with inflation²
1,004,628
165,421
939,717
1. Discounted cash flow without considering projected future inflation.
2. Discounted cash flow considering projected future inflation.
Below is the gross contractual flow:
Parent Company
Consolidated
Considera-
Considera-
Considera-
Considera-
tions without tions with in-
inflation¹
flation²
inflation¹
tions without tions with in-
flation²
Up to year
373,173
381,912
167,950
1 to 2 years
368,208
391,147
161,396
171,293
170,243
2 to 3 years
363,507
401,337
156,185
171,147
3 to 4 years
339,393
390,235
130,314
148,749
4 to 5 years
330,710
396,864
110,445
131,493
Over 5 years
2,743,187
4,082,762
626,965
876,695
4,518,178
6,044,255
1,353,255
1,669,621
1. Discounted cash flow without considering projected future inflation.
2. Discounted cash flow considering projected future inflation.
SLC
Agrícola
CVM Resolution 859, of July 7, 2020, approved the document for revision of
Technical Pronouncements no. 16, referring to Technical Pronouncement IFRS
16 / CPC 06 (R2) Leases, issued by the Accounting Pronouncements Committee
CPC, bringing the practical procedures described below in its wording.
A lessee may choose not to assess whether a lease concession related to
COVID-19 is a lease modification. The lessee who makes this option must ac-
count for any change in lease payments resulting from the lease concession
related to COVID-19 in the same way that it would account for the change that
applies IFRS 16 (CPC 06 (R2)) if the change were not a modification of the
lease.
The practical expedient applies only to rental concessions that occur as a di-
rect consequence of COVID-19 and only if all of the following conditions are
met:
"
The change in lease payments results in a revised consideration for the
lease that is substantially the same or less than the consideration for the
lease immediately prior to the change;
Any reduction in rental payments affects only payments originally due on
or before June 30, 2021 (a rental concession would meet this condition if
it results in reduced rental payments on or before June 30, 2021 and in-
creased rental payments that extend beyond June 30, 2021); and
There are no substantial changes to other lease terms and conditions.
During the period ended December 31, 2020, there was no change in the Com-
pany's lease contracts related to COVID-19, which would result in remeasure-
ment of the lease liability.
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