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Finance debt (Tables) | 6 Months Ended
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Jun. 30, 2022
Finance Debt |
Balance by type of finance debt |
| 23.1. | Balance by type of finance debt
In Brazil | 06.30.2022 | 12.31.2021
Banking Market | 1,242 | 1,237
Capital Market | 2,800 | 2,504
Development banks (*) | 770 | 769
Others | 6 | 7
Total | 4,818 | 4,517
Abroad |  |
Banking Market | 7,916 | 8,525
Capital Market | 15,461 | 19,527
Export Credit Agency | 2,688 | 2,951
Others | 168 | 180
Total | 26,233 | 31,183
Total finance debt | 31,051 | 35,700
Current | 4,116 | 3,641
Non-current | 26,935 | 32,059
(*) It includes BNDES, FINAME and FINEP
Schedule of current finance debt | Current finance debt is composed of: Schedule of current finance debt
| 06.30.2022 | 12.31.2021
Short-term debt | 151 | 108
Current portion of long-term debt | 3,497 | 3,063
Accrued interest on short and long-term debt | 468 | 470
Total | 4,116 | 3,641
Changes in Finance Debt | Changes in Finance Debt
| In Brazil | Abroad | Total
Balance at December 31, 2021 | 4,517 | 31,183 | 35,700
Additions | − | 330 | 330
Principal amortization (*) | (177) | (5,186) | (5,363)
Interest amortization (*) | (125) | (790) | (915)
Accrued interest (**) | 201 | 953 | 1,154
Foreign exchange/ inflation indexation charges | 109 | (532) | (423)
Cumulative translation adjustment (CTA) | 293 | 275 | 568
Balance at June 30, 2022 | 4,818 | 26,233 | 31,051
| In Brazil | Abroad | Total
Balance at December,31 2020 | 8,854 | 45,035 | 53,889
Additions | - | 1,668 | 1,668
Principal amortization (*) | (3,430) | (9,254) | (12,684)
Interest amortization (*) | (158) | (1,106) | (1,264)
Accrued interest (**) | 159 | 1,436 | 1,595
Foreign exchange/ inflation indexation charges | 127 | (220) | (93)
Cumulative translation adjustment (CTA) | 213 | 180 | 393
Balance at June 30, 2021 | 5,765 | 37,739 | 43,504
(*) It includes pre-payments.
(**) It includes premium and discount over notional amounts, as well as gains and losses by modifications in contractual cash flows.
Schedule of cash flows reconciliation | Schedule of cash flows reconciliation
|  |  | Jan-Jun/2022 |  |  | Jan-Jun/2021
| Additions | Principal amortization | Interest amortization | Additions | Principal amortization | Interest amortization
Movement in financing | 330 | (5,363) | (915) | 1,668 | (12,684) | (1,264)
Repurchase of debt securities | − | (110) | − | − | (848) | −
Deposits linked to financing (*) | − | (4) | (1) | − | (26) | 37
Net cash used in financing activities | 330 | (5,477) | (916) | 1,668 | (13,558) | (1,227)
(*) | Deposits linked to financing with China Development Bank (CDB), with semiannual settlements in June and December.
Summarized Information on Current and Non-Current Finance Debt | Summarized Information on Current and Non-Current Finance Debt
Maturity in | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 onwards | Total (*) | Fair Value
Financing in U.S.Dollars (US$): | 1,648 | 2,558 | 3,257 | 2,585 | 1,545 | 12,093 | 23,686 | 23,491
Floating rate debt (**) | 1,248 | 2,558 | 2,675 | 1,934 | 1,143 | 897 | 10,455 |
Fixed rate debt | 400 | - | 582 | 651 | 402 | 11,196 | 13,231 |
Average interest rate p.a. | 5.0% | 6.2% | 6.1% | 6.0% | 6.4% | 6.6% | 6.4% |
Financing in Brazilian Reais (R$): | 954 | 481 | 671 | 221 | 436 | 2,053 | 4,816 | 4,643
Floating rate debt (***) | 702 | 282 | 280 | 138 | 138 | 528 | 2,068 |
Fixed rate debt | 252 | 199 | 391 | 83 | 298 | 1,525 | 2,748 |
Average interest rate p.a. | 6.1% | 5.9% | 5.4% | 4.8% | 4.3% | 4.8% | 5.2% |
Financing in Euro (€): | - | 15 | 13 | 313 | - | 570 | 911 | 891
Fixed rate debt | - | 15 | 13 | 313 | - | 570 | 911 |
Average interest rate p.a. | - | 4.7% | 4.7% | 4.7% | - | 4.7% | 4.7% |
Financing in Pound Sterling (£): | 39 | 16 | - | - | 651 | 932 | 1,638 | 1,556
Fixed rate debt | 39 | 16 | - | - | 651 | 932 | 1,638 |
Average interest rate p.a. | 6.2% | 6.2% | - | - | 6.2% | 6.4% | 6.3% |
Total as of June 30, 2022 | 2,641 | 3,070 | 3,941 | 3,119 | 2,632 | 15,648 | 31,051 | 30,581
Average interest rate | 5.3% | 6.1% | 6.0% | 5.8% | 6.0% | 6.5% | 6.3% |
Total as of December 31, 2021 | 3,641 | 2,973 | 3,988 | 3,449 | 2,832 | 18,817 | 35,700 | 37,891
Average interest rate | 5.2% | 5.3% | 5.5% | 5.6% | 5.9% | 6.5% | 6.2% |
(*) | The average maturity of outstanding debt as of June 30, 2022 and 2021 is 13.04 years (13.39 years as of December 31, 2021).
(**) | Operations with variable index + fixed spread.
(***) | Operations with variable index + fixed spread, if applicable.
A maturity schedule of the Company’s finance debt (undiscounted), including face value and interest payments is set out as follows: | A maturity schedule of the Company’s finance debt (undiscounted), including face value and interest payments is set out as follows:
Maturity | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 and thereafter | 06.30.2022 | 12.31.2021
Principal | 2,150 | 3,102 | 4,039 | 3,210 | 2,723 | 16,572 | 31,796 | 36,557
Interest | 933 | 1,665 | 1,488 | 1,243 | 1,115 | 20,090 | 26,533 | 30,557
Total | 3,083 | 4,767 | 5,527 | 4,453 | 3,838 | 36,662 | 58,329 | 67,114
Lines of credit |
| 23.5. | Lines of credit
|  |  |  |  |  | 06.30.2022
Company | Financial institution | Date | Maturity | Available (Lines of Credit) | Used | Balance
Abroad |  |  |  |  |  |
PGT BV | Syndicate of banks | 12/16/2021 | 11/16/2026 | 5,000 | − | 5,000
PGT BV (*) | Syndicate of banks | 3/27/2019 | 2/27/2024 | 3,250 | − | 3,250
Total |  |  |  | 8,250 | − | 8,250
In Brazil |  |  |  |  |  |
Petrobras | Banco do Brasil | 3/23/2018 | 9/26/2026 | 382 | − | 382
Petrobras | Bradesco | 6/1/2018 | 5/31/2023 | 382 | − | 382
Petrobras | Banco do Brasil | 10/4/2018 | 9/5/2025 | 382 | − | 382
Transpetro | Caixa Econômica Federal | 11/23/2010 | Not defined | 63 | − | 63
Total |  |  |  | 1,209 | − | 1,209
(*) | In April 2021, the subsidiary PGT BV extended part of the Revolving Credit Facility. As such, US$ 2,050 will be available for withdrawal from February 28, 2024 until February 27, 2026.

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