Biological assets: disclosure and compliance with CPC 29 in companies listed in B3
DOI:
https://doi.org/10.6008/CBPC2179-684X.2020.004.0018Keywords:
Biological assets, Fair value, CPC 29Abstract
The study aims to analyze the level of service and compliance in the disclosure of CPC 29 by companies listed in B3. Methodologically, the research is descriptive, with documentary and qualitative analysis. The data collection considered the explanatory notes of companies listed in B3, which showed balances of biological assets in their financial statements in the years 2015 and 2016, a checklist was applied to the sample composed of 18 companies, based on 17 analysis criteria. The analysis showed that the compliance with the CPC 29 criteria by the sample companies reached 52.61% of conformity in relation to the compliance with the applied checklist, 88.89% of the companies, presented qualitative or quantitative information of their biological assets. The company that best met CPC 29 compliance was Celulose Irani S.A., with a compliance rate of 81.25% of the evidenced checklist items. Among the 18 companies in the analysis, 5 of them show their assets at fair value considering the active market, 11 of them took a fair value approach, considering the cash flow, 7 used the historical cost method, and only 2 of them have 100% of its biological assets measured at historical cost. In general, the results highlight the criteria for disclosing biological assets in relation to the CPC 29 standard and the specifics of valuation at fair value, either by the criterion of active market or cash flow.
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