BrasilAgro(US:LND)2023-10-31 20:49Exchange Rate and Currency Impact - As of June 30, 2023, the exchange rate was R$4.8192 to US$1.00, a decrease from R$5.2374 to US$1.00 on June 30, 2022, indicating a strengthening of the Brazilian real[13] - The selling rate for the Brazilian real against the US dollar was R$5.0076 on September 30, 2023, indicating fluctuations that may impact financial results[16] Company Operations and Fiscal Year - The company operates on a fiscal year from July 1 to June 30, with agricultural production based on crop years that vary by crop type[18] - The company’s agricultural production includes sugarcane and grains, with specific planting and harvest seasons impacting operational timelines[20] Financial Reporting and Compliance - The company is classified as an "emerging growth company," allowing it to take advantage of certain reporting exemptions until its annual gross revenue exceeds US$1.235 billion[25] - The company’s financial statements are prepared in accordance with International Financial Reporting Standards (IFRS)[18] Market Conditions and Future Outlook - The company anticipates future operational results to be influenced by global economic disruptions, including conflicts affecting commodity markets[28] - Forward-looking statements regarding the company’s business prospects involve risks and uncertainties that could lead to actual results differing materially from expectations[29] Financing and Capital Expenditure - The company plans to implement a financing strategy and capital expenditure plan to support its business operations[28] Market Information Verification - The company has not independently verified market information sourced from established public institutions, which may affect the accuracy of its market assessments[21]