Management Report 2020
Management Report 2020
SLC Agrícola
Report of the independent auditor on individual and consolidated
financial statements
To the Shareholders, Board of Directors and Officers
SLC Agrícola S.A.
Porto Alegre - RS
Opinion
We have audited the individual and consolidated financial statements of SLC
Agrícola S.A. (the "Company"), identified as Individual and Consolidated, respec-
tively, which comprise the statement of financial position as at December 31,
2020, and the statements of profit or loss, of comprehensive income, of changes
in equity and cash flows for the year then ended, and notes to the financial state-
ments, including a summary of significant accounting policies.
In our opinion, the accompanying financial statements present fairly, in all ma-
terial respects, the individual and consolidated financial position of the Company
as at December 31, 2020, and its individual and consolidated financial perfor-
mance and cash flows for the year then ended in accordance with the accounting
practices adopted in Brazil and with the International Financial Reporting Stand-
ards (IFRS) issued by the International Accounting Standards Board (IASB).
Basis for opinion
We conducted our audit in accordance with Brazilian and International Standards
on Auditing. Our responsibilities under those standards are further described in
the Auditor's responsibilities for the audit of the individual and consolidated
financial statements section of our report. We are independent of the Com-
pany and its subsidiaries in accordance with the relevant ethical principles
set forth in the Code of Professional Ethics for Accountants, the professional
standards issued by the Brazil's National Association of State Boards of Ac-
countancy (CFC) and we have fulfilled our other ethical responsibilities in ac-
cordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Key audit matters
Key audit matters are those matters that, in our professional judgment, were
of most significance in our audit of the financial statements of the current
period. These matters were addressed in the context of our audit of the indi-
vidual and consolidated financial statements as a whole, and in forming our
opinion thereon, and we do not provide a separate opinion on these matters.
For each matter below, our description of how our audit addressed the matter,
including any commentary on the findings or outcome of our procedures, is
provided in that context.
We have fulfilled the responsibilities described in the Auditor's responsibilities
for the audit of the individual and consolidated financial statements section
of our report, including in relation to these matters. Accordingly, our audit
included the performance of procedures designed to respond to our assess-
ment of the risks of material misstatement of the financial statements.
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