Biological assets (Tables)

12 Months Ended

Jun. 30, 2018

Biological Assets

Schedule of biological assets

	2018		2017
Production cattle		34,053		13,435
Grain plantation		2,203		1,385
Sugarcane plantation		59,790		36,875
Total		96,046		51,695
Current		61,993		38,260
Noncurrent		34,053		13,435

Schedule of area (hectares) to be harvested

The area (hectares) to be harvested corresponding to the biological assets is as follows:

	Planted area (Hectares)
		2018	2017
Grains		1,322	—
Sugarcane (a)		29,955	32,286
		31,277	32,286

(a) For sugarcane the area considered above refers to the total to be harvested in all the future cuts, considered in the cash flow for calculation of fair value of biological assets. This area includes the hectares leased from Brenco and Partnership IV, according to contracts executed on May 8, 2015 and February 7, 2017, respectively.

Schedule of changes in agricultural activity

Changes in agricultural activity

	Grains			Sugarcane
At June 30, 2016		—			22,285
Expenditures with plantation		98,314			—
Expenditures with tilling		—			63,513
Lease contract – Partnership IV		—			17,479
Fair value variation (a) (Note 18)		4,302			11,532
Harvest of agricultural produce		(101,231	)		(77,934	)
At June 30, 2017		1,385			36,875
Expenditures with plantation		81,080			—
Expenditures with tilling		—			130,197
Fair value variation (a) (Note 18)		54,892			43,952
Harvest of agricultural produce		(136,396	)		(151,234	)
Effect of conversion		1,242			—
At June 30, 2018		2,203			59,790

(a) For sugarcane, the area considered above refers to the total to be harvested in all future cuts, considered in the cash flow for calculating the fair value of biological assets. This area includes hectares leased from Brenco as per the agreement signed on May 8, 2015, and the total of 15,000 hectares related to an agricultural partnership, as per the agreement signed on February 7, 2017.

Schedule of changes in cattle raising activity

Changes in cattle raising activity

	Heads of cattle (in number)			Cattle for production
At July 1, 2016		4,148			5,241
Acquisition/birth costs		4,729			6,476
Cattle-raising costs		—			5,667
Sales		(136	)		(312	)
Deaths		(97	)		(69	)
Change in fair value (Note18)		—			(3,568	)
At June 30, 2017		8,644			13,435
Acquisition/birth costs		14,680			14,311
Handling costs		—			9,415
Sales		(2,006	)		(4,332	)
Deaths		(325	)		(476	)
Change in fair value (Note18)		—			239
Effect of conversion		—			1,461
At June 30, 2018		20,993			34,053

Schedule of quantitative data about cattle raising activity

Quantitative data about cattle raising activity, expressed in heads of cattle

	Work animals
At June 30, 2017		8,644
At June 30, 2018		20,993

Schedule of fair value hierarchy

Fair value hierarchy at June 30, 2018

	Amount		Fair value
Sugarcane		59,790	Level 3
Cattle		34,053	Level 2
Grains		2,203	Level 1

Schedule of changes in fair value in profit or loss

Changes in fair value in profit or loss

	2018		2017			2016
Grains		54,892		4,302			(32,165	)
Sugarcane		43,952		11,532			19,533
Cattle		239		(3,568	)		—
		99,083		12,266			(12,632	)