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Consolidated statements of cash flows - BRL (R$)
R$ in Thousands
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
CASH FLOW FROM OPERATING ACTIVITIES      
Net profit for the year R$ 126,338 R$ 27,310 R$ 7,989
Adjustments to reconcile profit for the year      
Depreciation and amortization 23,222 15,027 21,957
Gain from changes in fair value of assets due to spin-off (5,098)
Gain on sale of farm (39,817) (26,716)
Currency translation adjustment of joint venture spin-off (30,616)
Residual value of property, plant and equipment and intangible assets disposed 433 1,896 208
Write-off of capitalized costs in investment properties 10,793 8,246 12
Share of profit (loss) of a joint venture (14,671) 4,425 511
Unrealized (gain) loss on derivatives, net (1,772) (1,513) (1,196)
Unrealized foreign exchange loss (gain), monetary variation and financial charges, net 12,191 (8,546) (23,960)
Gain on remeasurement of receivable from sale of farms, net (12,721) (8,029) (9,850)
Share-based incentive plan - ILPA 844
Deferred income and social contribution taxes 21,044 1,814 (14,547)
Loss (Gain) arising from changes in fair value of biological assets and agricultural products (99,083) (12,266) 12,632
Adjustments to net realizable value of agriculutural products (883) 1,655 (659)
Allowance for doubtful accounts (133) (516) (314)
Provision (Reversal of provision)for legal claims (387) 139 (2,229)
Discount on the payment of Alto Taquari farm (2,277)
Total (10,316) 2,926 (11,723)
Changes in working capital      
Trade accounts receivable (6,746) (7,297) 46,895
Inventories (58,442) (6,329) 11,156
Biological assets 60,312 5,576 (19,197)
Recoverable taxes 1,943 2,754 (964)
Derivative financial instruments (16,982) 18,996 (9,686)
Other receivables (2,356) 3,779 (882)
Trade accounts payable 11,178 24,996 6,544
Related parties (2,338) 16,714 (1,127)
Taxes payable 1,718 (2,769) (10,216)
Income tax and social contribution 1,323 (970) (7,422)
Salaries and payroll 2,787 2,657 (2,359)
Advances from customers 15,540 5,353 (7,219)
Other liabilities 115 (1,335) (240)
Net cash flows from (used in) operating activities (2,264) 65,051 (6,440)
CASH FLOW FROM INVESTING ACTIVITIES      
Addition to property, plant and equipment and intangible assets (43,105) (25,478) (12,442)
Addition on investment properties (23,861) (119,150) (10,745)
Redemption of (Investment in) marketable securities (4,001) 125,090 172,960
Cash received from sales of farms and assets 5,267 6,011
Net cash flows from (used in) investing activities (65,700) (13,527) 149,773
CASH FLOW FROM FINANCING ACTIVITIES      
Payments of installments of financed acquisition of farm (15,559) (27,394)
Proceeds from loans, financing and debentures 270,310 39,469 71,566
Interest paid on loans, financing and debentures (10,347) (6,327) (8,425)
Payment of loans and financing (105,408) (48,308) (82,270)
Treasury stock acquired (610) (14,721) (39,653)
Proceeds from the exercise of granted stock 2,096
Dividends paid (12,972) (32,043) (80,669)
Net cash flows from (used in) financing activities 125,414 (61,930) (164,749)
Increase (decrease) in cash and cash equivalents 57,450 (10,406) (21,416)
Effect of exchange rate variation on cash and cash equivalents 3,066
Cash and cash equivalents at beginning of year 43,798 54,204 75,620
Cash and cash equivalents at end of year 104,314 43,798 54,204
Total cash and cash equivalents R$ 60,516 R$ (10,406) R$ (21,416)