Financial income and expenses

12 Months Ended

Jun. 30, 2018

Financial Income And Expenses

Financial income and expenses

23. Financial income and expenses

	Notes		2018			2017			2016
Financial income
Interest on marketable securities				4,341			15,383			39,509
Interest on receivable (a)				10,462			4,878			5,506
Monetary variations (i)				160			619			—
Foreign exchange variation (ii)				12,058			11,166			8,933
Gain on remeasurement of receivables from sale of farms (iii)				39,337			15,818			22,499
Realized profit from derivative transactions (iv)		6		16,861			19,576			77,448
Unrealized profit from derivative transactions (v)		6		46,104			42,650			38,749
				129,323			110,090			192,644
Financial expenses
Marketable securities charges				(1,372	)		(2,565	)		(9,884	)
Bank charges				(685	)		(1,080	)		(1,405	)
Interest accrued (b)				(28,768	)		(8,963	)		(8,202	)
Monetary variation (i)				(346	)		(541	)		(3,164	)
Foreign exchange variation (ii)				(11,792	)		(10,917	)		(8,738	)
Loss on remeasurement of receivables from sale of farms (iii)				(26,616	)		(7,789	)		(12,649	)
Realized loss from derivative financial transactions (iv)		6		(23,968	)		(3,654	)		(72,675	)
Unrealized loss from derivative financial transactions (v)		6		(44,332	)		(41,137	)		(37,553	)
				(137,879	)		(76,646	)		(154,270	)
Financial income (expense), net				(8,556	)		33,444			38,374

a) Mainly represented by financial income obtained from renegotiation of the Nova Buriti farm, in the amount of R$9,273, according to Note 13.

b) The amount of R$16,563 refers to the waiver of 100% of the interest on agreements entered into with Cresca, see Note 1.1.

Net balances are as follows:

	2018			2017		2016
Monetary variations (i)		(186	)		78		(3,164	)
Foreign exchange difference (ii)		266			249		195
Realization of present value on balance of accounts receivable (iii)		12,721			8,029		9,850
Realized (loss) profit derivative financial instruments (iv)		(7,107	)		15,922		4,773
Unrealized profit from Derivative financial instruments (v)		1,772			1,513		1,196