Management Report 2020
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Expense
Management Report 2020
INSS Expense
FGTS Expense
Plan of restricted shares
12/31/2020
R$2,808
R$395
R$358
12/31/2019
R$2,285
R$302
R$255
In compliance with CPC 10 (R1), based on the grace periods presented, the
amounts with stock options plan and restricted stock plan were recognized in
the statement of income, due to the expiration of the vesting period, with a
corresponding entry in shareholders' equity in a specific capital reserve ac-
count, the amount of R$ 6,463 (expense) at December 31, 2020 (R$ 5,386 at
December 31, 2019).
29. Insurance coverage
The details of the insurance contracted, and the coverages are shown as follows:
Nature
Grain and Cotton inventories
Machinery and Equipment
Civil liability of administrators
Buildings and improvements
Warranty insurance
Aircraft Helmet¹
Aircraft Straight
General liabilities
Business
Drones
Seed Insurance
Vehicles
Coverage
R$105,000
R$715,031
R$60,000
R$105,000
R$22,373
R$13,624
R$1,028
R$5,000
R$3,377
R$10,320
R$62,529
Against third parties
1. Coverage amount of USD 3,380 converted by the ptax sale on the last day of the month. Ptax R$
5.1967.
Insurance of grain and cotton stock-Coverage of harvest, processing and
stock of soybeans, corn, cotton. Being of own production or that of third parties
under own responsibility. Policy due on 0627/2021
SLC
Agrícola
Insurance of Machinery and Equipment - Coverage to damages caused to the
fleet of machinery and agricultural equipment, generated by fire, lightning
strike, explosion of any nature and implosion. Each machine and equipment
has its maximum limit of indemnity corresponds to its insured value. Policy
due on 1009/2021.
Directors and officers liability insurance - Coverage for involuntary damages
caused to third parties by civil liability of executives (directors and officers),
with management power in the subsidiary and Parent Company. Policies due
on 01/11/2022.
Insurance of Buildings and improvements - Coverage of material damages,
caused to the buildings and improvements of the farms, caused by fire, explo-
sion, gale and smoke. Policy due on 01/11/2022.
Guarantee Insurance - Protection coverage for the possible risks generated
to the company's assets, due to the faithful fulfillment of the obligations
caused by labor lawsuits of the Panorama and Piratini Farms. Policies due on
September 19, 2021 and July 31, 2023, respectively.
Aircraft Insurance - Straight - Coverage for personal and/or property damage
caused to passengers and crew by the Company aircraft, including damage to
baggage. Policy due on 01/17/2021.
Aircraft Insurance - Hull - Warranty coverage against property damage to the
hull of SLC Agrícola aircraft, including civil liability for damage caused to third
parties. Policy due on 01/17/2021.
General civil liability insurance - Coverage of a guarantee for the payment of
indemnities, by way of reimbursement, for damages that the Company may be
civilly liable in a final court decision. Policy due on 01/11/2022.
Business Insurance - Business Property Coverage for material damages in the
physical structure of the building and furniture of the head office of the Com-
pany, caused by fire, explosion and smoke. Policy due on 01/12/2021.
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