SUZANO S.A. Suzano S.A.
Unaudited Condensed Consolidated Interim Financial Information as of September 30, 2021
Suzano S.A.
Index | |
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) ......................................................... | 6 |
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY ................................................................................ | 7 |
CONSOLIDATED STATEMENTS OF CASH FLOWS ............................................................................................. | 8 |
1. COMPANY´S OPERATIONS .......................................................................................................................... | 9 |
2. BASIS OF PREPARATION AND PRESENTATION OF UNAUDITED CONDENSED CONSOLIDATED
INTERIM FINANCIAL INFORMATION .......................................................................................................... | 16 | |
3. | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES ............................................................................ | 17 |
4. | FINANCIAL INSTRUMENTS AND RISKS MANAGEMENT .......................................................................... | 19 |
5. | CASH AND CASH EQUIVALENTS ............................................................................................................... | 31 |
6. | MARKETABLE SECURITIES........................................................................................................................ | 32 |
7. | TRADE ACCOUNTS RECEIVABLE.............................................................................................................. | 32 |
8. | INVENTORIES .............................................................................................................................................. | 33 |
9. | RECOVERABLE TAXES............................................................................................................................... | 34 |
10. | ADVANCE TO SUPPLIERS .......................................................................................................................... | 35 |
11. | RELATED PARTIES...................................................................................................................................... | 36 |
12. | INCOME AND SOCIAL CONTRIBUTION TAXES ........................................................................................ | 38 |
13. | BIOLOGICAL ASSETS.................................................................................................................................. | 41 |
14. | INVESTMENTS ............................................................................................................................................. | 43 |
15. | PROPERTY, PLANT AND EQUIPMENT ...................................................................................................... | 44 |
16. | INTANGIBLE ................................................................................................................................................. | 45 |
17. | TRADE ACCOUNTS PAYABLE .................................................................................................................... | 46 |
18. | LOANS, FINANCING AND DEBENTURES................................................................................................... | 47 |
19. | LEASE........................................................................................................................................................... | 52 |
20. | PROVISION FOR JUDICIAL LIABILITIES .................................................................................................... | 54 |
21. | EMPLOYEE BENEFIT PLANS...................................................................................................................... | 57 |
22. | SHARE-BASED COMPENSATION PLAN .................................................................................................... | 57 |
23. | LIABILITIES FOR ASSETS ACQUISITIONS AND ASSOCIATES ................................................................ | 58 |
24. | SHAREHOLDERS' EQUITY.......................................................................................................................... | 59 |
25. | EARNINGS (LOSS) PER SHARE ................................................................................................................. | 59 |
26. | NET FINANCIAL RESULT ............................................................................................................................ | 60 |
27. | NET SALES................................................................................................................................................... | 61 |
28. | SEGMENT INFORMATION........................................................................................................................... | 61 |
29. | RESULTS BY NATURE ................................................................................................................................ | 64 |
REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION ....................................................................... | 65 | |
OPINION OF THE EXECUTIVE BOARD ON THE UNAUDITED CONDENSED CONSOLIDATED INTERIM | ||
FINANCIAL INFORMATION AND INDEPENDENT AUDITOR'S REPORT .................................................. | 66 | |
EARNINGS RELEASE........................................................................................................................................... | 67 |
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Suzano S.A.
Unaudited condensed consolidated interim financial information
Nine-month period ended September 30, 2021
(In thousands of R$, unless otherwise stated)
CONSOLIDATED BALANCE SHEET
September 30, | December 31, | ||||
ASSETS | Note | 2021 | 2020 | ||
CURRENT | |||||
Cash and cash equivalents | 5 | 13,461,967 | 6,835,057 | ||
Marketable securities | 6 | 5,228,075 | 2,212,079 | ||
Trade accounts receivable | 7 | 4,577,069 | 2,915,206 | ||
Inventories | 8 | 4,652,459 | 4,009,335 | ||
Recoverable taxes | 9 | 427,987 | 406,850 | ||
Derivative financial instruments | 4.5 | 515,204 | 484,043 | ||
Advances to suppliers | 10 | 39,327 | 43,162 | ||
Other assets | 783,943 | 738,924 | |||
29,686,031 | 17,644,656 | ||||
Assets held for sale | 1.2.2 | 313,338 | |||
Total current assets | 29,686,031 | 17,957,994 | |||
NON-CURRENT | |||||
Marketable securities | 6 | 240,329 | 184,778 | ||
Recoverable taxes | 9 | 1,219,207 | 834,575 | ||
Deferred taxes | 12 | 8,505,573 | 8,677,002 | ||
Derivative financial instruments | 4.5 | 753,791 | 857,377 | ||
Advances to suppliers | 10 | 1,220,625 | 1,015,115 | ||
Judicial deposits | 322,879 | 257,789 | |||
Other assets | 237,742 | 235,341 | |||
Biological assets | 13 | 11,807,705 | 11,161,210 | ||
Investments | 14 | 518,977 | 359,071 | ||
Property, plant and equipment | 15 | 38,027,466 | 39,156,890 | ||
Right of use | 19.1 | 4,593,241 | 4,344,078 | ||
Intangible | 16 | 16,249,726 | 16,759,528 | ||
Total non-current | 83,697,261 | 83,842,754 | |||
TOTAL ASSETS | 113,383,292 | 101,800,748 |
The accompanying notes are an integral part of this unaudited condensed consolidated interim financial information.
3
Suzano S.A.
Unaudited condensed consolidated interim financial information
Nine-month period ended September 30, 2021
(In thousands of R$, unless otherwise stated)
CONSOLIDATED BALANCE SHEET
September 30, | December 31, | ||||
LIABILITIES | Note | 2021 | 2020 | ||
CURRENT | |||||
Trade accounts payable | 17 | 2,966,600 | 2,361,098 | ||
Loans, financing and debentures | 18.1 | 2,286,040 | 2,043,386 | ||
Lease liabilities | 19.2 | 623,136 | 620,177 | ||
Derivative financial instruments | 4.5 | 1,619,081 | 1,991,118 | ||
Taxes payable | 346,285 | 170,482 | |||
Payroll and charges | 549,949 | 492,728 | |||
Liabilities for assets acquisitions and associates | 23 | 91,828 | 101,515 | ||
Dividends payable | 11,173 | 6,232 | |||
Advance from customers | 92,567 | 25,171 | |||
Other liabilities | 359,754 | 360,916 | |||
Total current liabilities | 8,946,413 | 8,172,823 | |||
NON-CURRENT | |||||
Loans, financing and debentures | 18.1 | 74,861,856 | 70,856,496 | ||
Lease liabilities | 19.2 | 5,030,297 | 4,571,583 | ||
Derivative financial instruments | 4.5 | 6,061,046 | 6,126,282 | ||
Liabilities for assets acquisitions and associates | 23 | 301,893 | 400,713 | ||
Provision for judicial liabilities | 20.1 | 3,273,411 | 3,255,955 | ||
Employee benefit plans | 21.2 | 795,090 | 785,045 | ||
Deferred taxes | 12 | 570 | |||
Share-based compensation plans | 22.3 | 206,961 | 195,135 | ||
Advance from customers | 165,439 | ||||
Other liabilities | 122,040 | 98,768 | |||
Total non-current liabilities | 90,818,033 | 86,290,547 | |||
TOTAL LIABILITIES | 99,764,446 | 94,463,370 | |||
EQUITY | 24 | ||||
Share capital | 9,235,546 | 9,235,546 | |||
Capital reserves | 14,244 | 10,612 | |||
Treasury shares | (218,265) | (218,265) | |||
Other reserves | 1,988,711 | 2,129,944 | |||
Retained earnings (accumulated deficit) | 2,498,255 | (3,926,015) | |||
Controlling shareholders´ | 13,518,491 | 7,231,822 | |||
Non-controlling interest | 100,355 | 105,556 | |||
Total equity | 13,618,846 | 7,337,378 | |||
TOTAL LIABILITIES AND EQUITY | 113,383,292 | 101,800,748 |
The accompanying notes are an integral part of this unaudited condensed consolidated interim financial information.
4
Suzano S.A.
Unaudited condensed consolidated interim financial information
Nine-month period ended September 30, 2021
(In thousands of R$, unless otherwise stated)
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
Third quarter | 9 months YTD | ||||||||
July 1 to | July 1 to | ||||||||
September 30, | September 30, | September 30, | September 30, | ||||||
Note | 2021 | 2020 | 2021 | 2020 | |||||
NET SALES | 27 | 10,761,855 | 7,470,835 | 29,495,460 | 22,447,301 | ||||
Cost of sales | 29 | (5,299,911) | (4,473,994) | (14,922,600) | (14,082,687) | ||||
GROSS PROFIT | 5,461,944 | 2,996,841 | 14,572,860 | 8,364,614 | |||||
OPERATING INCOME (EXPENSES) | |||||||||
Selling | 29 | (578,101) | (522,594) | (1,656,801) | (1,584,628) | ||||
General and administrative | 29 | (319,590) | (312,735) | (1,055,148) | (963,286) | ||||
Income from associates and joint ventures | 14 | 29,459 | 10,354 | 119,823 | 7,402 | ||||
Other, net | 29 | 18,830 | (4,135) | 1,445,226 | 208,267 | ||||
OPERATING PROFIT BEFORE NET | |||||||||
FINANCIAL INCOME (EXPENSES) | 4,612,542 | 2,167,731 | 13,425,960 | 6,032,369 | |||||
NET FINANCIAL INCOME (EXPENSES) | 26 | ||||||||
Financial expenses | (1,212,759) | (1,365,381) | (3,135,851) | (3,484,931) | |||||
Financial income | 54,444 | 58,413 | 124,934 | 261,586 | |||||
Derivative financial instruments | (2,529,280) | (1,271,065) | (1,290,407) | (12,106,179) | |||||
Monetary and exchange variations, net | (4,077,782) | (1,644,611) | (2,388,590) | (16,994,406) | |||||
NET INCOME (LOSS) BEFORE TAXES | (3,152,835) | (2,054,913) | 6,736,046 | (26,291,561) | |||||
Income and social contribution taxes | |||||||||
Current | 12 | (87,860) | (47,470) | (243,523) | (105,299) | ||||
Deferred | 12 | 2,281,320 | 944,676 | (170,458) | 9,767,574 | ||||
NET INCOME (LOSS) FOR THE PERIOD | (959,375) | (1,157,707) | 6,322,065 | (16,629,286) | |||||
Attributable to | |||||||||
Controlling shareholders' | (961,974) | (1,160,499) | 6,315,893 | (16,640,130) | |||||
Non-controlling interest | 2,599 | 2,792 | 6,172 | 10,844 | |||||
Earnings (Loss) per share | |||||||||
Basic | 25.1 | (0.71298) | (0.86012) | 4.68114 | (12.33313) | ||||
Diluted | 25.2 | (0.71286) | (0.86012) | 4.68032 | (12.33313) |
The accompanying notes are an integral part of this unaudited condensed consolidated interim financial information.
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Suzano SA published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 22:27:02 UTC.
