Derivative financial instruments (Tables)

12 Months Ended

Jun. 30, 2018

Derivative Financial Instruments Tables Abstract

Schedule of derivative financial instruments

														June, 20 2018
Risk	Maturity	Outstanding derivative instruments	Counter party	Receivable	Payable			Net balance			Notional (’000)			Call option (put option)			Unit
Currency US$	October -18	Options	FC Stone	1,490		(2,484	)		(994	)		(4,800	)		—		US$
Currency US$	June -18	Dollar – 1st Futures	BM&F	1		(1,086	)		(1,085	)		(31,000	)		—		US$
		Current		1,491		(3,570	)		(2,079	)		(35,800	)		—		US$
		Noncurrent		—		—			—			—			—		US$
		Total  US$ risk		1,491		(3,570	)		(2,079	)		(35,800	)		—		US$
Soybean CBOT	July-18	Soybean Options	Trading Companies/Banks/CBOT	—		(7	)		(7	)		—			(77,107	)	Bags
Soybean CBOT	October-18	Soybean Options	Trading Companies/Banks/CBOT	—		(1,275	)		(1,275	)		—			(1,294,946	)	Bags
Soybean CBOT	July-18	Futures Soybean	Trading Companies/Banks/CBOT	5,451		(5,569	)		(118	)		—			—		Bags
Soybean CBOT	October-18	Futures Soybean	Trading Companies/Banks/CBOT	351		—			351			—			(16,975	)	Bags
Soybean CBOT	July-19	Futures Soybean	Trading Companies/Banks/CBOT	3,999		(2,145	)		1,854			—			(430,893	)	Bags
Ethanol BM&F	July-18	Futures Ethanol	BM&F	42		—			42			—			(300	)	mˆ3
Ethanol BM&F	August-18	Futures Ethanol	BM&F	94		—			94			—			(900	)	mˆ3
Ethanol BM&F	September-18	Futures Ethanol	BM&F	80		—			80			—			(900	)	mˆ3
		Current (bags)		5,802		(6,851	)		(1,049	)		—			(1,389,028	)	Bags
		Current (Ethanol)		216		—			216			—			(2,100	)	Cubic Meters
		Noncurrent (bags)		3,999		(2,145	)		1,854			—			(430,893	)	Bags
		Total commodities risk		10,017		(8,996	)		1,021			—			(1,822,021	)
Interest R$	January-18	DI SWAP x Dollar	Banco Safra	—		—			—			—			—		BRL
Interest R$	August-23	Pre-DI SWAP	Bradesco	54		—			54			14,810			—		BRL
Interest R$	July-18	Pre-DI SWAP	ABC	—		(12	)		(12	)		10,000			—		BRL
Interest R$	August-18	Pre-DI SWAP	Itaú BBA Jaborandi	—		(11	)		(11	)		20,000			—		BRL
Interest R$	May-19	Pre-DI SWAP	Itaú BBA Jaborandi	—		(45	)		(45	)		20,000			—		BRL
		Current		—		(68	)		(68	)		50,000			—		BRL
		Noncurrent		54		—			54			14,810			—		BRL
		Total interest rate risk		54		(68	)		(14	)		64,810			—		BRL
		Total risks		11,562		(12,634	)		(1,072	)		29,010			(1,822,021	)
		Margin deposit		20,790		—			20,790
			Current	28,299		(10,489	)
			Noncurrent	4,053		(2,145	)
			P &L at June 30, 2018 (Note 23)	62,965		(68,300	)

															June, 20 2017
Risk	Maturity	Outstanding derivative instruments	Counter party	Receivable		Payable			Net balance			Notional (’000)			Call option (put option)			Unit
Currency US$	August-17	BM&F	BM&F		15		—			15			2,000			—			US$
Currency US$	July- 7	NDF	FC Stone		423		—			423			(2,000	)		—			US$
Currency US$	January-18	Options	FC Stone		—		(638	)		(638	)		(2,500	)		—			US$
Currency US$	May-18	Accumulator	Macquarie		4		—			4			(30	)		—			US$
Currency US$	June-18	Options	FC Stone		154		(171	)		(17	)		(1,000	)		—			US$
		Current			596		(809	)		(213	)		(3,530	)		—			US$
		Noncurrent			—		—			—			—			—			US$
		Total  US$ risk			596		(809	)		(213	)		(3,530	)		—			US$
Soybean CBOT	July-17	Soybean Futures	Trading Companies/Banks/CBOT		1,377		(2,219	)		(842	)		—			—			Bags
Soybean CBOT	November-17	Soybean Futures	Trading Companies/ Banks /CBOT		5		—			5			—			(24,946	)		Bags
Soybean CBOT	April-18	Soybean Options	Trading Companies/ Banks /CBOT		—		(408	)		(408	)		—			(113,393	)		Bags
Soybean CBOT	June-18	Soybean Options	Trading Companies/ Banks /CBOT		—		(514	)		(514	)		—			(72,571	)		Bags
Soybean CBOT	July-18	Soybean Futures	Trading Companies/ Banks /CBOT		1		—			1			—			(335	)		Bags
Live Cattle BM&F	October-17	Live Cattle Futures	BM&F		14		—			14			—			660			Heads
		Current (bags)			1,382		(3,141	)		(1,759	)		—			(210,910	)		Bags
		Current (heads)			14		—			14			—			660			Heads
		Noncurrent (bags)			1		—			1			—			(335	)		Bags
		Total commodities risk			1,397		(3,141	)		(1,744	)		—			(210,585	)
Interest R$	November-17	Pre-DI SWAP	Itaú BBA		89		—			89			7,000			—			US$
		Current			89		—			89			7,000			—			US$
		Noncurrent			—		—			—			—			—			US$
		Total interest rate risk			89		—			89			7,000			—			US$
		Daily adjustments – Currency			—		(15	)		(15	)
		Daily adjustments – Commodities			—		(13	)		(13	)
		Total risks			2,082		(3,978	)		(1,896	)		3,470			(210,585	)
		Margin deposit			2,009		—			2,009
			Current		4,090		(3,978	)
			Noncurrent		1		—
			P&L at June 30, 2017 (Note 23)		62,226		(44,791	)