Adecoagro S.A. | CIK:0001499505 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Adecoagro S.A. (CIK: 0001499505)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1499505/000162828018005268/0001628280-18-005268-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1499505/000162828018005268/agro-20171231.xml
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001499505
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory

    Changes in the Group’s property, plant and equipment in 2017 and 2016 were as follows:
     
     
    Farmlands
     
    Farmland
    improvements
     
    Buildings and  
    facilities
     
    Machinery,  
    equipment,  
    furniture and
    fittings
     
    Bearer plants
     
    Others
     
    Work in  
    progress
     
    Total
    At January 1, 2016
     

     
     

     
     

     
     

     
     

     
     

     
     

     
     

    Cost
    114,527

     
    14,889

     
    267,473

     
    548,037

     
    234,322

     
    13,544

     
    23,113

     
    1,215,905

    Accumulated depreciation
    —

     
    (9,748
    )
     
    (100,005
    )
     
    (321,988
    )
     
    (77,651
    )
     
    (9,624
    )
     
    —

     
    (519,016
    )
    Net book amount
    114,527

     
    5,141

     
    167,468

     
    226,049

     
    156,671

     
    3,920

     
    23,113

     
    696,889

    At December 31, 2016
     

     
     

     
     

     
     

     
     

     
     

     
     

     
     
    Opening net book amount
    114,527

     
    5,141

     
    167,468

     
    226,049

     
    156,671

     
    3,920

     
    23,113

     
    696,889

    Exchange differences
    (6,004
    )
     
    (838
    )
     
    26,675

     
    46,053

     
    33,169

     
    103

     
    (924
    )
     
    98,234

    Additions
    —

     
    —

     
    7,420

     
    36,190

     
    74,175

     
    1,484

     
    19,454

     
    138,723

    Reclassification from investment property (Note 13)
    1,335

     
    —

     
    —

     
    —

     
    —

     
    —

     
    —

     
    1,335

    Transfers
    —

     
    6,856

     
    6,491

     
    6,608

     
    —

     
    8

     
    (19,963
    )
     
    —

    Disposals
    —

     
    —

     
    (1,078
    )
     
    (3,125
    )
     
    —

     
    (72
    )
     
    —

     
    (4,275
    )
    Reclassification to non-income tax credits (*)
    —

     
    —

     
    (1,233
    )
     
    (227
    )
     
    —

     
    —

     
    (39
    )
     
    (1,499
    )
    Depreciation
    —

     
    (1,519
    )
     
    (15,688
    )
     
    (60,238
    )
     
    (47,846
    )
     
    (1,508
    )
     
    —

     
    (126,799
    )
    Closing net book amount
    109,858

     
    9,640

     
    190,055

     
    251,310

     
    216,169

     
    3,935

     
    21,641

     
    802,608


     
    Farmlands
     
    Farmland
    improvements
     
    Buildings and
    facilities
     
    Machinery,
    equipment,
    furniture and
    fittings
     
    Bearer plants
     
    Others
     
    Work in
    progress
     
    Total
    At December 31, 2016
     

     
     

     
     

     
     

     
     

     
     

     
     

     
     

    Cost
    109,858

     
    20,907

     
    305,748

     
    633,536

     
    341,666

     
    15,067

     
    21,641

     
    1,448,423

    Accumulated depreciation
    —

     
    (11,267
    )
     
    (115,693
    )
     
    (382,226
    )
     
    (125,497
    )
     
    (11,132
    )
     
    —

     
    (645,815
    )
    Net book amount
    109,858

     
    9,640

     
    190,055

     
    251,310

     
    216,169

     
    3,935

     
    21,641

     
    802,608

    Year ended December 31, 2017
     

     
     

     
     

     
     

     
     

     
     

     
     

     
     
    Opening net book amount
    109,858

     
    9,640

     
    190,055

     
    251,310

     
    216,169

     
    3,935

     
    21,641

     
    802,608

    Exchange differences
    (9,561
    )
     
    (1,219
    )
     
    (4,473
    )
     
    (5,853
    )
     
    (4,089
    )
     
    (390
    )
     
    (2,901
    )
     
    (28,486
    )
    Additions
    —

     
    —

     
    15,495

     
    62,101

     
    84,278

     
    2,351

     
    37,856

     
    202,081

    Reclassification from investment property
    —

     
    —

     
    —

     
    —

     
    —

     
    —

     
    —

     
    —

    Transfers
    —

     
    2,711

     
    12,963

     
    11,183

     
    —

     
    11

     
    (26,868
    )
     
    —

    Disposals
    —

     
    —

     
    (162
    )
     
    (3,913
    )
     
    —

     
    (40
    )
     
    —

     
    (4,115
    )
    Reclassification to non-income tax credits (*)
    —

     
    —

     
    (205
    )
     
    (788
    )
     
    —

     
    —

     
    (93
    )
     
    (1,086
    )
    Depreciation
    —

     
    (2,125
    )
     
    (20,829
    )
     
    (67,960
    )
     
    (57,448
    )
     
    (1,709
    )
     
    —

     
    (150,071
    )
    Closing net book amount
    100,297

     
    9,007

     
    192,844

     
    246,080

     
    238,910

     
    4,158

     
    29,635

     
    820,931

    At December 31, 2017
     

     
     

     
     

     
     

     
     

     
     

     
     

     
     
    Cost
    100,297

     
    22,399

     
    329,366

     
    696,266

     
    421,855

     
    16,999

     
    29,635

     
    1,616,817

    Accumulated depreciation
    —

     
    (13,392
    )
     
    (136,522
    )
     
    (450,186
    )
     
    (182,945
    )
     
    (12,841
    )
     
    —

     
    (795,886
    )
    Net book amount
    100,297

     
    9,007

     
    192,844

     
    246,080

     
    238,910

     
    4,158

     
    29,635

     
    820,931

     
    (*) Brazilian federal tax law allows entities to take a percentage of the total cost of the assets purchased as a tax credit. As of December 31, 2017 and 2016, ICMS (Imposto sobre Circulação de Mercadorias e Prestação de Serviços) tax credits were reclassified to trade and other receivables.
    Depreciation is calculated using the straight-line method to allocated their cost over the estimated usefull lives. Farmlands are not depreciated.
     
    Farmland improvements
    5-25 years
    Buildings and facilities
    20 years
    Furniture and fittings
    10 years
    Computer equipment
    3-5 years
    Machinery and equipment
    4-10 years
    Vehicles
    4-5 years
    Bearer plants
    6 years