Management Report 2020
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Management Report 2020
24.2. Third party lease agreements
As of December 31, 2020, the Company and its subsidiaries have third-party lease agreements and building leases, thus distributed:
SLC Agrícola
Unit
Location
Currency
Lease liability (CPC 06(R2)scope) (IFRS16)
12/31/2020
12/31/2019
Leases payable
12/31/2020
12/31/2019
Palmares
Panorama
Barreiras (BA)
R$
99,477
91,774
70
Correntina (BA)
R$
93,219
56,701
Paladino
São Desidério (BA)
R$
40,005
32,062
5,283
Parceiro
Formosa do Rio Preto (BA)
R$
19,031
19,965
Piratini
Jaborandi (BA)
R$
155
Pantanal
Pamplona
Chapadão do Céu (GO) e Chapadão do Sul (MS)
Cristalina (GO)
R$
329,762
227,453
R$
15,636
17,136
Planeste
Balsas (MA)
R$
101,527
54,785
Parnaiba
Tasso Fragoso (MA)
R$
51,748
48,765
2
Palmeira
Alto Parnaiba (MA)
R$
30,991
32,872
Paiaguás
Diamantino (M)T
R$
141,115
37,669
89
Planorte
Sapezal (MT)
R$
3,326
3,472
Perdizes
Porto dos Gaúchos (MT)
R$
567
Pioneira
Querência (MT)
R$
499
Planalto
Costa Rica (MS)
R$
6,240
6,436
64
Parnaguá
Santa Filomena (PI)
R$
213
Matriz
Porto Alegre (RS)
R$
773
626
934,284
629,716
5,283
225
162,258
772,026
114,567
515,149
5,283
225
Liabilities current
Liabilities non-current
Liabilities for land and cotton leasing have a discount rate with a range of 6,48.0% to
9.45%. For other lease liabilities (machinery, buildings and vehicles), we have a discount
rate ranging from 3.00% to 7.70%.
In relation to third party lease agreements we also inform you that: (i) there are no
contingent payment clauses; (ii) there are no renewal terms or purchase options, ex-
cept for the contract of Fazenda Planalto, related to 1,603 ha, which has annual re-
newal; (iii) the land lease contracts are indexed, in its majority, to the variation of the
price of the soybean bag, and there are no other readjustment clauses; (iv) there are
no restrictions imposed, such as those related to dividends and interest on equity,
additional debt, or any other that requires additional disclosure.
In addition to leasing crop land, the Company has operational leasing contracts for a
cotton processing unit at Fazenda Palmares (in Barreiras-BA, for R$ 1,850 per year,
until August 31, 2023), at Fazenda Paladino (in São Desidério-BA, for R$ 1,000 per
year until August 31, 2026) and at Fazenda Pantanal (Chapadão do Céu - GO, for R$
400 per year until August 31, 2030), equipment rents at Fazenda Planorte (in Sapezal-
MT) and Fazenda Paiaguás (in Diamantino-MT), with decreasing values each year until
April 30, 2026, and rents from its administrative headquarters in Porto Alegre-RS.
The statement of the maturity flows of lease and lease liabilities payable is presented
in note 25.
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