Management Report 2020

Management Report 2020 Selling expenses In 2020, selling expenses increased 13.7% from 2019, mainly due to export expenses, given the higher volume of cotton invoiced and the depreciation in the Brazilian real against U.S. dollar in the period, since these amounts are denominated in foreign cur- rency. TABLE 19. SELLING EXPENSES (R$'000) 2019 Freight Storage 58,191 32,458 2020 63,602 9.3% 36,424 12.2% HA Commissions 13,359 13,979 4.6% Classification of goods 2,070 2,130 2.9% Export expenses 28,535 40,228 41.0% Other 18,359 17,601 -4.1% Total 152,972 173,964 13.7% % Net revenue 6.0% 5.6% -0.4p.p. SLC Agrícola 38

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