JBS S.A. / "Customer" | Tables in SEC filings

JBSAY JBS S.A.

27 Mar 24

Annual report (foreign)

6:23am

(Expressed in thousands of United States dollar)

	Balance at January 1, 2021		Statement of income		Exchange variation		Other Adjustments (1)		Balance at December 31, 2021
Tax losses and negative basis of social contribution		361,006		90,950		(20,455)		—		431,501
Expected credit losses on trade accounts receivable		21,418		6,424		(1,583)		—		26,259
Provisions for contingencies		96,790		7,555		(6,839)		—		97,506
Present value adjustment		5,680		2,529		(44)		—		8,165
Tax credits		9,817		3,603		—		18		13,438
Biological assets		11,511		(3,695)		(1)		—		7,815
Labor accident accruals		40,262		(1,058)		(1)		—		39,203
Pension plan		33,686		(2,673)		(12)		(9,324)		21,677
Trade accounts payable accrual		181,471		75,552		—		—		257,023
Share-based payments		253		(246)		(7)		—		—
Non-deductible interest		481		5,411		2		—		5,894
Right of use assets		7,809		(1,391)		(346)		—		6,072
Other temporary differences - assets		98,252		(40,107)		(4,706)		—		53,439
Goodwill amortization		(697,073)		(52,388)		43,816		—		(705,645)
Present value adjustment - Trade accounts payable		304		(6,497)		178		—		(6,015)
Business combinations		(323,680)		18,301		9,158		(177,194)		(473,415)
Customer return accruals		(32,679)		(737)		—		—		(33,416)
Inventory valuation		(97,093)		120,673		—		16		23,596
Hedge operations (3)		279		(16,565)		3,895		(14,611)		(27,002)
Realization of other reserves		(116,908)		2,846		7,942		—		(106,120)
Accelerated depreciation and amortization		(417,396)		(75,196)		22		—		(492,570)
Other temporary differences - liabilities		(68,697)		25,222		14,522		(175)		(29,128)
Deferred taxes, net		(884,507)		158,513		45,541		(201,270)		(881,723)

Changes in expected credit losses:
	December 31, 2023		December 31, 2022		December 31, 2021
Balance at the beginning of the period		(82,636)		(82,318)		(79,638)
Additions		(9,906)		(9,230)		(12,289)
Write-offs/Reversals		9,580		10,351		8,541
Exchange rate variation		(1,951)		(1,439)		968
Balance at the end of the period		(84,913)		(82,636)		(82,418)

	Balance at January 1, 2021		Acquired in business combination		Additions		Disposals		Amortization		Exchange rate variation		Balance at December 31, 2021
Amortizing:
Trademarks		73,241		286,576		—		—		(19,258)		(5,107)		335,452
Software		13,961		6		6,160		(19)		(4,212)		713		16,609
Customer relationships		499,757		251,262		—		—		(79,830)		(25,680)		645,509
Supplier contracts		35,933		—		2,077		—		(3,646)		(1,397)		32,967
Others		833		724		—		—		(536)		(20)		1,001
Non-amortizing:
Trademarks		868,615		261,637		1,574		—		—		(23,833)		1,107,993
Water rights		11,775		—		—		—		—		(180)		11,595
		1,504,115		800,205		9,811		(19)		(107,482)		(55,504)		2,151,126

	Balance at January 1, 2022		Statement of income		Exchange variation		Other Adjustments (1)		Balance at December 31, 2022
Tax losses and negative basis of social contribution		431,501		200,298		16,863		502		649,164
Expected credit losses on trade accounts receivable		26,259		3,903		1,410		—		31,572
Provisions for contingencies		97,506		(9,963)		6,610		—		94,153
Present value adjustment		8,165		2,625		536		—		11,326
Tax credits		13,438		(225)		36		(53)		13,196
Rules for Animal Farming - Foreign Subsidiaries		7,815		—		(7,815)		—		—
Labor accident accruals		39,203		(33,065)		1		—		6,139
Pension plan		21,677		(5,487)		17		(5,722)		10,485
Trade accounts payable accrual		257,023		17,101		10,111		—		284,235
Non-deductible interest		5,894		70,669		—		—		76,563
Right of use assets		6,072		16,077		434		—		22,583
Other Active Temporary Differences		53,439		85,724		1,702		255		141,120
Goodwill amortization		(705,645)		(36,002)		(44,311)		—		(785,958)
Present value adjustment - Trade accounts payable		(6,015)		(1,716)		(374)		—		(8,105)
Business combinations		(473,415)		43,905		(5,335)		(6,583)		(441,428)
Inventory valuation		23,596		(133,299)		—		—		(109,703)
Customer returns accruals - Foreign subsidiaries		(33,416)		33,416		—		—		—
Hedge operations		(27,002)		20,698		620		13,893		8,209
Realization of other reserves		(106,120)		3,156		(7,415)		—		(110,379)
Accelerated depreciation and amortization		(492,570)		(93,828)		(441)		—		(586,839)
Other temporary differences - liabilities		(29,128)		(78,679)		45,755		(1,473)		(63,525)
Deferred taxes, net		(881,723)		105,308		18,404		819		(757,192)

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