Management Report 2020
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Management Report 2020
SLC
Agrícola
Income tax and social contribution payable
The balance of income tax and social contribution on profit payable on December
31, 2020 is R$ 40,374 and R$ 47,449 for the parent company and consolidated,
respectively (2019: R$ 45,107 and R$ 54,290, respectively).
21. Securities payable (Consolidated)
The Company, through its subsidiaries, has contracts related to the purchase of
land, for its use and exploration. The balance as of December 31, 2020 is shown
as follows:
Balance at December 31, 2019
Payments
Balance at December 31, 2020
Current liabilities
Non-current liabilities
22. Equity
a) Capital stock
Fixed amount
payable
13,685
(706)
12,979
12,273
706
On December 31, 2020, the subscribed capital in the amount of R$ 947,522 is
represented by 190,595,000 common, nominative, book-entry shares with no par
value.
The following is a distribution of the common shares among the shareholders:
Shareholder
SLC Participações S.A.
Management
Treasury shares
Other
Total shares of paid-in capital
(-) Treasury shares
Total shares ex-treasury
Quantity of shares
12/31/2020
12/31/2019
100,977,822
100,969,142
347,967
3,010,430
242,772
3,590,152
86,258,781
85,792,934
190,595,000
190,595,000
(3,010,430)
187,584,570
(3,590,152)
187,004,848
b) Capital reserve - goodwill in the issue of shares
Represented by the goodwill received on the public share offerings held in June
2007 and June 2008 and by the goodwill on treasury stock sales made in connec-
tion with the stock option plans, less the costs of issuing these shares (commis-
sions, fees and other expenses), net of tax effects in accordance with CPC 10 (R1)
(IFRS 2).
c) Treasury shares
The balance of treasury shares at December 31, 2020 is R$ 52,921 and consists
of 3,010,430 shares (R$ 64,321 at December 31, 2019, consisting of 3,590,152
shares). The movement in the number of treasury shares in the year was as fol-
Lows:
Balance at December 31, 2019
Shares exercised under the stock option plans
Balance at December 31, 2020
Treasury shares
In n° shares
3,590,152
(579,722)
In R$
(64,321)
11,400
3,010,430
(52,921)
The market value of treasury shares, calculated based on the last stock exchange
quotation before the year-end date, was R$ 82,636 (R$ 27.45 per share) at De-
cember 31, 2020 and R$ 89,036 (R$ 24.80 per share at December 31, 2019).
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