Management Report 2020
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Management Report 2020
SLC Agrícola
Drone Insurance - Straight Coverage of civil liability of the operator or air
carrier for personal and material damage caused to third parties, by remotely
piloted aircraft, used for business purposes. Policies due on 12/12/2021.
Seed Insurance - Beneficiation coverage and grain deposit for seeds located
on the Pamplona and Fazenda Panorama farms. Policy maturing on
6/27/2021.
Vehicle Insurance - Coverage of the vehicle fleet of the subsidiary and parent
company for damages caused to third parties. Policies maturing on 10/9/2021.
31. Nature of expenses
The Company's income statements are presented by function. The following sets
forth the breakdown of expenses by nature:
Consolidated
12/31/2019 12/31/2020 12/31/2019
Parent Company
12/31/2020
Expenses according to the role
Cost of goods sold
(2,408,692)
(1,985,922) (2,802,782)
(2,257,472)
Sales expenses
-149,471
-134,043
-173,964
-152,972
General and administrative expenses
Other operating expenses
-103,811
-7,566
(2,669,540)
-80,864
-7,702
(2,208,531)
-115,452
-10,132
(3,102,330)
-89,324
-45,74
(2,545,508)
30.
Net sales revenue
We present below the gross operating revenue:
Parent Company
Consolidated
12/31/2020 12/31/2019
12/31/2020 12/31/2019
Expenses per type
Depreciation and amortization
Personnel expenses
Raw material and material
Rents and leases
-83,781
-266,013
(1,455,134)
-21,409
Gross operating income
2,711,983
2,227,723
Sale of goods
3,161,943
2,343,738
3,200,054
3,731,661
2,614,708
Amortization of right of use
-119,58
-76,595
-264,179
(1,174,134)
-97,218
-65,787
-119,686
-105,81
-319,572
-308,783
(1,736,678)
(1,399,363)
-21,823
-55,747
-73,663
-43,336
2,730,998
Income (loss) from hedge operations
(449,960)
Deductions, taxes and contributions
(78,699)
Net operating income
2,633,284
(116,015)
(63,733) (102,507)
2,163,990 3,097,547
(531,607)
(116,290)
COGS biological asset variation
Freight
-659,349
-56,708
-471,174
-51,744
-750,996
-524,266
-63,602
-58,191
(78,803)
2,535,905
Cost sale Paiaguás Farm and Parceiro Farm
Other expenses
-36,029
-7,566
-7,7
(2,669,540)
-16,31
(2,208,531) (3,102,330)
-13,983
(2,545,508)
32. Reporting by segment
The Group has two reportable segments, as described below, which are the strategic business units of the Group. The strategic business units offer different products
and services, for each of the strategic business units, Management reviews internal reporting at least once a quarter. The following summary describes the operations
in each of the Group's reportable segments:
Agricultural production segment: growing mainly cotton, soybean and corn crops.
Land portfolio segment: acquisition and development of land for agriculture.
Information regarding the results of each reportable segment is included below. Performance is evaluated based on the segment's profit before income tax and social
contribution, as included in the internal reports that are analyzed by the Group's Management. Segment profit is used to evaluate performance, as management believes
that such information is more relevant in assessing segment results.
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