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
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    • ifrs-full:DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory

    The following tables show the net monetary position of the respective subsidiaries within the Group categorized by functional currency. Non-US dollar amounts are presented in US dollars for purpose of these tables.
     
     
    2017
     
    Subsidiaries’ functional currency
    Net monetary position
    (Liability)/ Asset
    Argentine
    Peso
    Brazilian
    Reais
    Uruguayan
    Peso
    US Dollar
    Total
    Argentine Peso
    (21,958
    )
    —

    —

    —

    (21,958
    )
    Brazilian Reais
    —

    (17,134
    )
    —

    —

    (17,134
    )
    US Dollar
    (204,446
    )
    (461,966
    )
    20,451

    124,125

    (521,836
    )
    Uruguayan Peso
    —

    —

    (1,101
    )
    —

    (1,101
    )
    Total
    (226,404
    )
    (479,100
    )
    19,350

    124,125

    (562,029
    )
     
     
    2016
     
    Subsidiaries’ functional currency
    Net monetary position
    (Liability)/ Asset
    Argentine
    Peso
    Brazilian
    Reais
    Uruguayan
    Peso
    US Dollar
    Total
    Argentine Peso
    1,518

    —

    —

    —

    1,518

    Brazilian Reais
    —

    (203,070
    )
    —

    —

    (203,070
    )
    US Dollar
    (44,088
    )
    (307,088
    )
    (7,714
    )
    78,801

    (280,089
    )
    Uruguayan Peso
    —

    —

    (35
    )
    —

    (35
    )
    Total
    (42,570
    )
    (510,158
    )
    (7,749
    )
    78,801

    (481,676
    )
    A portion of this effect would have been recognized as other comprehensive income since a portion of the Company’s borrowings was used as cash flow hedge of the foreign exchange rate risk of a portion of its highly probable future sales in US dollars (see Hedge Accounting - Cash Flow Hedge below for details).
     
    Functional currency
    Net monetary position
    Argentine
    Peso
    Brazilian
    Reais
    Uruguayan
    Peso
    Total
    2017
    US Dollar
    (20,445
    )
    (46,197
    )
    2,045

    (64,597
    )
    2016
    US Dollar
    (4,409
    )
    (30,709
    )
    (771
    )
    (35,889
    )