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Loans and borrowings (restated) (Tables)
12 Months Ended
Dec. 31, 2023
Loans and borrowings (restated)  
Schedule of loans and borrowings
Loans and borrowings operations can be summarized as follows:


Average interest rate (%)


Year of maturity


December 31, 2023



December 31, 2022 restated


In US$










Advance on Foreign Exchange Contract (ACC)

2.28% p.a. to 4.86% p.a.


2023


-



96,386


Export Credit Note (NCE)

SOFR Overnight(a) + 2.33% p.a.


2026


110,648



142,658


Working Capital Loan

5.02% p.a. / SOFR Overnight(a) + 2.79% p.a. to 2.90% p.a.


2026 to 2028


380,757



452,276


Total





491,405



691,320


In R$










Export Credit Note (NCE)

CDI(b) + 1.10% p.a. to 1.75% p.a.


2023 to 2028


236,058



298,443


Total





236,058



298,443


Total loans and borrowings





727,463



989,763



(a) SOFR Overnight means Secured Overnight Financing Rate.
(b) CDI (certificado de depósito interbancário) interest rate is an average of interbank overnight rates in Brazil, average during the corresponding period.
Schedule of balances were included as current and non-current borrowings in the consolidated statement of financial position

These balances are presented as current and non-current borrowings in the consolidated statement of financial position as follows:



December 31, 2023



December 31, 2022 restated


Current






Advance on Foreign Exchange Contract (ACC)

-



96,386


Export Credit Note (NCE)

52,182



87,989


Working Capital Loan

60,537



51,655



112,719



236,030


Non-current






Export Credit Note (NCE)

294,524



353,112


Working Capital Loan

320,220



400,621



614,744



753,733



727,463



989,763


Schedule of maturities of long-term loans and borrowings

The principal balances of long-term loans and borrowings as of December 31, 2023, mature as follows:


Maturity



2025

168,738


2026

190,639


2027

145,923


2028

109,444


Non-current liabilities

614,744

Schedule of reconciliation of change in liabilities to cash flows arising from financing activities

The reconciliation of change in liabilities to cash flows arising from financing activities is shown below:



Liabilities



Derivative (assets)/liabilities



Net Equity





Loans and borrowings



Leases (note 14.b)



Accounts payable for business acquired
(
note 17)



Derivative – assets



Derivative – liabilities



Reserves



Total


Balance as of January 1, 2023

989,763



62,808



210,045



(11,194

)

4,109



1,371,095



2,626,626


Changes in cash flow from financing activities





















Proceeds from loans and borrowings

205,093



-



-



-



-



-



205,093


Payments related to loans, borrowings, lease liabilities and business acquired

(407,013

)

(24,070

)

(77,338

)


-



-



-



(508,421

)

Proceeds from exercise of share options

-



-



-



-



-



1,227



1,227


Repurchase of treasury shares

-



-



-



-



-



(43,414

)

(43,414

)

Settlement of derivatives

-



-



-



8,266



3,934



-



12,200


Total changes in cash flow from financing activities

(201,920

)

(24,070

)

(77,338

)


8,266



3,934



(42,187

)

(333,315

)

Exchange rate changes

(48,031

)

(2,054

)

(7,020

)


-



-



-



(57,105

)

Other changes - liabilities





















New leases (note 14)

-



11,428



-



-



-



-



11,428


Interest expenses

79,439



4,102



-



-



-



-



83,541


Present/fair value adjustment

-



-



4,863



-



-



-



4,863


Interest paid

(91,788

)

(4,057

)

-



-



-



-



(95,845

)

Early lease termination

-



(3,258

)

-



-



-



-



(3,258

)

Unrealized loss (gain) on financial instruments

-



-



-



(6,692

)

(8,043

)

-



(14,735

)

Monetary adjustment of accounts payable for business acquired

-



-



4,677



-



-



-



4,677


Other changes

-



-



827



-



-



-



827


Total other changes - liabilities

(12,349

)

8,215



10,367



(6,692

)

(8,043

)

-



(8,502

)

Total other changes – equity

-



-



-



-



-



180,415



180,415


Balance as of December 31, 2023

727,463



44,899



136,054



(9,620

)

-



1,509,323



2,408,119




Liabilities



Derivative (assets)/liabilities



Net Equity





Loans and borrowings



Leases (note 14.b)



Accounts payable for business acquired (note 17)



Derivative – assets



Derivative – liabilities



Reserves



Total


Balance as of January 1, 2022 

788,709



81,888



85,726



(896

)

535



1,052,042



2,008,004


Changes in cash flow from financing activities





















Proceeds from loans and borrowings

527,507



-



-



-



-



-



527,507


Payments related to loans, borrowings, lease liabilities and business acquired

(350,571

)

(26,993

)

(62,338

)

-



-



-



(439,902

)

Proceeds from exercise of share options

-



-



-



-



-



12,668



12,668


Settlement of derivatives

-



-



-



(647

)

1,037



-



390


Total changes in cash flow from financing activities

176,936



(26,993

)

(62,338

)


(647

)

1,037



12,668



100,663


Exchange rate changes

(13,954

)

(2,689

)

(11,114

)

-



-



-



(27,757

)

Other changes - liabilities





















Additions due to business combination

39,970



11,035



182,637



-



-



-



233,642


New leases (note 14)

-



15,074



-



-



-



-



15,074


Interest expenses

68,198



3,823



-



-



-



-



72,021


Interest paid

(70,096

)

(6,169

)

-



-



-



-



(76,265

)

Fair value adjustment

-



-



11,497



-



-



-



11,497


Early lease termination

-



(12,697

)

-



-



-



-



(12,697

)

Unrealized loss (gain) on financial instruments

-



-



-



(9,651

)

2,537



-



(7,114

)

Monetary adjustment of accounts payable for business acquired

-



-



9,108



-



-



-



9,108


Price adjustment review related to business acquired

-



-



217



-



-



-



217


Other changes

-



(464

)

(5,688

)

-



-



-



(6,152

)

Total other changes – liabilities

38,072



10,602



197,771



(9,651

)

2,537



-



239,331


Total other changes – equity (restated)

-



-



-



-



-



306,385



306,385


Restated balance as of December 31, 2022

989,763



62,808



210,045



(11,194

)

4,109



1,371,095



2,626,626





Liabilities



Derivative (assets)/liabilities



Net Equity





Loans and borrowings



Leases



Accounts payable for business acquired



Derivative – assets



Derivative – liabilities



Reserves



Total


Balance as of January 1, 2021

89,230



75,228



-



(8,837

)

5,392



185,040



346,053


Changes in cash flow from financing activities





















Proceeds from loans and borrowings

740,596



-



-



-



-



-



740,596


Payments related to loans, borrowings and lease liabilities

(75,196

)

(17,656

)

-



-



-



-



(92,852

)

Issuance of common shares at initial public offering

-



-



-



-



-



915,947



915,947


Transaction cost of offering

-



-



-



-



-



(66,876

)

(66,876

)

Share-based plan contributions

-



-



-



-



-



1,282



1,282


Interest on equity paid

-



-



-



-



-



(6,288

)

(6,288

)

Dividends paid

-



-



-



-



-



(126,045

)

(126,045

)

Total changes in cash flow from financing activities

665,400



(17,656

)

-



-



-



718,020



1,365,764


Exchange rate changes

22,862



2,054



-



-



-



-



24,916


Other changes - liabilities





















Additions due to business combination

-



6,139



-



-



-



-



6,139


New leases

-



15,504



-



-



-



-



15,504


Remeasurement

-



1,351



-



-



-



-



1,351


Interest expenses

23,366



6,369



-



-



-



-



29,735


Interest paid

(12,149

)

(5,753

)

-



-



-



-



(17,902

)

Early lease termination

-



(1,135

)

-



-



-



-



(1,135

)

Unrealized loss (gain) on financial instruments

-



-



-



7,941



(4,857

)

-



3,084


Other changes

-



(213

)

85,726



-



-



-



85,513


Total other changes – liabilities

11,217



22,262



85,726



7,941



(4,857

)

-



122,289


Total other changes - equity

-



-



-



-



-



148,982



148,982


Balance as of December 31, 2021

788,709



81,888



85,726



(896

)

535



1,052,042



2,008,004