The application of biological assets at fair value of a company of pulp and paper industry

• Autor(a) principal: Einsweiller, André Carlos
• Data de Publicação: 2013
• Outros Autores: Fischer, Augusto
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Catarinense da Ciência Contábil (Online)
• Texto Completo: https://revista.crcsc.org.br/index.php/CRCSC/article/view/1382
• topic: Valor justo; ativo biológico; avaliação de ativos; agronegócio.; Fair value. Biological assets. Asset evaluation. Agribusiness.

This study aims at investigating the effects that a pulp and paper industry has suffered from the application or measuring of the fair value on its biological assets, more precisely in its forests of pine and eucalyptus. It is endorsed by the precepts and rules established by the Accounting Pronouncements Committee, through CPC 29, to accounting biological assets.The paper uses a quantitative and qualitative approach of exploratory and descriptive research, and the procedures of an embedded case study and documentary research. In this study the tax exercises of 2009, 2010 and 2011 were considered. To ensure the liability of assessments of biological assets, the Company established valuation assumptions that meet consistent and free standards. The amount of biological assets at year-end 2011, 28.39% represented cost in formation, and 71.61% represented the fair value determined. The pine forests near the pulp and paper mill have the largest share in the biological assets of the company. The company results were added in R$ 31.7 million in the three years evaluated as a result of the fair value application. The Equity, the Income Tax and the Social Contribution on Profits were also significantly influenced by the adoption of fair value. The fair value's effect on the biological assets in three years provided gains of 20.1% to the biological assets of the company.