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Consolidated statement of cash flows - BRL (R$)
R$ in Thousands
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
CASH FLOW FROM OPERATING ACTIVITIES      
Net profit for the year R$ 177,079 R$ 126,338 R$ 27,310
Adjustments to reconcile profit for the year      
Depreciation and amortization 23,078 23,222 15,027
Gain from changes in fair value of assets due to spin-off (5,098)
Gain on sale of farm (142,812) (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 433 433 1,896
Write-off of capitalized costs in investment properties 10,793 8,246
Share of (loss) profit of a joint venture (1,102) (14,671) 4,425
Unrealized loss (gain) on derivatives, net 4,475 (1,772) (1,513)
Unrealized foreign exchange loss (gain), monetary variation and financial charges, net 12,950 12,191 (8,546)
Gain on remeasurement of receivable from sale of farms, net (11,523) (12,721) (8,029)
Effect of share-based incentive plan - ILPA 1,648 844
Deferred income and social contribution taxes 12,232 21,044 1,814
Changes in fair value of biological assets and agricultural products (56,718) (99,083) (12,266)
Adjustments to net realizable value of agricultural products after harvest 2,040 (883) 1,655
Allowance for doubtful accounts (530) (133) (516)
(Reversal of) Provision for legal claims (383) (387) 139
Total 20,867 (10,316) 2,926
Changes in working capital      
Trade accounts receivable 3,401 (6,746) (7,297)
Inventories (31,094) (58,442) (6,329)
Biological assets 34,627 60,312 5,576
Recoverable taxes 536 1,943 2,754
Derivative financial instruments 19,308 (16,982) 18,996
Other receivables 316 (2,356) 3,779
Trade accounts payable 13,595 11,178 24,996
Related parties 276 (2,338) 16,714
Taxes payable 3,157 1,718 (2,769)
Income tax and social contribution (413) 1,323 (970)
Salaries and payroll 2,804 2,787 2,657
Advances from customers (15,500) 15,540 5,353
Other liabilities (542) 115 (1,335)
Net cash flows from (used in) operating activities 51,338 (2,264) 65,051
CASH FLOW FROM INVESTING ACTIVITIES      
Addition to property, plant and equipment and intangible assets (43,670) (43,105) (25,478)
Addition on investment properties (28,211) (23,861) (119,150)
Redemption of (Investment in) marketable securities 21,737 (4,001) 125,090
Addition for future capital increase (49)
Cash received from sales of farms and assets 28,927 5,267 6,011
Net cash flows used in investing activities (21,266) (65,700) (13,527)
CASH FLOW FROM FINANCING ACTIVITIES      
Payments of installments of financed acquisition of farm (15,559)
Proceeds from loans, financing and debentures 90,594 270,310 39,469
Interest paid on loans, financing and debentures (4,037) (10,347) (6,327)
Payment of loans and financing (73,178) (105,408) (48,308)
Treasury stock acquired (610) (14,721)
Dividends paid (41,000) (12,972) (32,043)
Net cash flows from (used in) financing activities (27,621) 125,414 (61,930)
Increase (decrease) in cash and cash equivalents 2,451 57,450 (10,406)
Effect of exchange rate variation on cash and cash equivalents (138) 3,066
Cash and cash equivalents at beginning of year 104,314 43,798 54,204
Cash and cash equivalents at end of year R$ 106,627 R$ 104,314 R$ 43,798