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:DisclosureOfRevenueExplanatory

    Sales
     
    2017
     
    2016
     
    2015
    Manufactured products and services rendered:
     

     
     

     
     

    Rice
    83,849

     
    94,331

     
    82,797

    Ethanol
    241,650

     
    211,451

     
    176,150

    Sugar
    305,688

     
    330,895

     
    177,801

    Soybean oil and meal
    6,119

     

     
    2,071

    Energy
    62,218

     
    53,995

     
    46,671

    Powder milk
    2,713

     
    4,816

     
    1,042

    Services
    1,144

     
    1,160

     
    1,545

    Operating Leases
    771

     
    984

     
    1,309

    Others
    5,273

     
    1,423

     
    1,233

     
    709,425

     
    699,055

     
    490,619

    Agricultural produce and biological assets:
     

     
     

     
     

    Soybean
    79,408

     
    63,797

     
    75,361

    Cattle for dairy
    3,380

     
    3,059

     
    3,656

    Corn
    82,482

     
    48,502

     
    41,813

    Cotton
    420

     
    1,434

     
    3,317

    Milk
    31,656

     
    24,561

     
    27,906

    Wheat
    14,835

     
    16,951

     
    16,116

    Peanut
    3,648

     
    1,703

     

    Sunflower
    3,163

     
    7,275

     
    12,659

    Sorghum

     

     
    111

    Rice

     
    950

     

    Barley
    1,888

     
    1,240

     
    634

    Seeds
    727

     
    625

     
    648

    Others
    2,146

     
    83

     
    1,474

     
    223,753

     
    170,180

     
    183,695

    Total sales
    933,178

     
    869,235

     
    674,314


     
    Commitments to sell commodities at a future date
     
    The Group entered into contracts to sell non-financial instruments, mainly sugar, soybean and corn through sales forward contracts. Those contracts are held for purposes of delivery the non-financial instrument in accordance with the Group’s expected sales. Accordingly, as the own use exception criteria are met; those contracts are not recorded as derivatives.
     
    The notional amount of these contracts is US$ 63.3 million as of December 31, 2017 (2016: US$ 111.8 million; 2015: US$ 62.4 million) comprised primarily of 27,848 tons of sugar (US$ 9.4 million), 24,627 m3 of ethanol (US$ 6.3 million), 408,236 mwh of energy (US$ 30.1 million), 25,413 tons of soybean (U$S 7.2 million), 21,835 tons of wheat (US$ 3.6 million), and 37,391 tons of corn (US$ 5.7 million) which expire between February 2018 and December 2018.