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Finance debt (Tables)
 12 Months Ended
Dec. 31, 2022
Finance Debt  
Summary of balance by type of finance debt
   
In Brazil 12.31.2022 12.31.2021
Banking market 1,285 1,237
Capital market 2,896 2,504
Development banks (*) 723 769
Others 4 7
Total 4,908 4,517
Abroad    
Banking market 8,387 8,525
Capital market 14,061 19,527
Export credit agency 2,443 2,951
Others 155 180
Total 25,046 31,183
Total finance debt 29,954 35,700
Current 3,576 3,641
Non-current 26,378 32,059
(*) It includes BNDES, FINAME and FINEP
Schedule of current finance debt
   
  12.31.2022 12.31.2021
Short-term debt − 108
Current portion of long-term debt 3,111 3,063
Accrued interest on short and long-term debt 465 470
Total 3,576 3,641
Summary of changes in finance debt
     
  In Brazil Abroad Total
Balance at December 31, 2021 4,517 31,183 35,700
Proceeds from finance debt 853 2,027 2,880
Repayment of principal (*) (1,013) (8,183) (9,196)
Repayment of interest (*) (292) (1,554) (1,846)
Accrued interest (**) 396 1,867 2,263
Foreign exchange/ inflation indexation charges 120 (580) (460)
Translation adjustment 326 287 613
Balance at December 31, 2022 4,907 25,047 29,954

 

 

  In Brazil Abroad Total
Balance at December 31, 2020 8,854 45,035 53,889
Proceeds from finance debt - 1,754 1,754
Repayment of principal (*) (4,213) (14,894) (19,107)
Repayment of interest (*) (245) (1,613) (1,858)
Accrued interest (**) 241 1,970 2,211
Foreign exchange/ inflation indexation charges 173 82 255
Translation adjustment (228) (200) (428)
Balance at December 31, 2021 4,582 32,134 36,716
(*) 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
           
      2022     2021
  Proceeds from finance debt Repayment of principal Repayment of interest Proceeds from finance debt Repayment of principal Repayment of interest
Changes in finance debt 2,880 (9,196) (1,846) 1,754 (19,107) (1,858)
Repurchase of debt securities − (121) − − − −
Deposits linked to finance debt (*) − (17) (4) − − −
Net cash used in financing activities 2,880 (9,334) (1,850) 1,754 (19,107) (1,858)
(*) Deposits linked to finance debt with China Development Bank, with semiannual settlements in June and December.

 
Schedule of summarized information on current and non-current finance debt
               
Maturity in Up to 1 year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years 5 years onwards Total (*) Fair Value
                 
Financing in U.S.Dollars (US$): 2,879 3,240 2,569 1,528 2,465 10,006 22,687 22,721
Floating rate debt (**) 2,588 2,681 1,934 1,143 1,739 652 10,737  
Fixed rate debt 291 559 635 385 726 9,354 11,950  
Average interest rate p.a. 6.8% 6.5% 6.1% 6.3% 5.9% 6.6% 6.6%  
Financing in Brazilian Reais (R$): 622 690 221 440 427 2,507 4,907 4,907
Floating rate debt (***) 324 280 138 138 333 1,060 2,273  
Fixed rate debt 298 410 83 302 94 1,447 2,634  
Average interest rate p.a. 6.7% 6.9% 6.5% 6.2% 6.4% 6.6% 6.6%  
Financing in Euro (€): 37 13 289 − − 583 922 897
Fixed rate debt 37 13 289 − − 583 922  
Average interest rate p.a. 4.7% 4.7% 4.7% - - 4.7% 4.7%  
Financing in Pound Sterling (£): 38 − − 555 − 845 1,438 1,328
Fixed rate debt 38 − − 555 − 845 1,438  
Average interest rate p.a. 6.2% 0.0% 0.0% 6.2% 0.0% 6.5% 6.3%  
Total as of December 31, 2022 3,576 3,943 3,079 2,523 2,892 13,941 29,954 29,853
Average interest rate 6.7% 6.5% 6.1% 6.2% 6.0% 6.6% 6.5%  
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 December 31, 2022 is 12.07 years (13.39 years as of December 31, 2021).
(**) Operations with variable index + fixed spread.
(***) Operations with variable index + fixed spread, if applicable.

 
Schedule of finance debt (undiscounted), including face value and interest payments
               
Maturity 2023 2024 2025 2026 2027 2028 and thereafter 12.31.2022 12.31.2021
Principal 3,106 4,061 3,173 2,665 2,657 16,041 31,703 36,557
Interest 1,928 1,748 1,441 1,282 1,068 17,348 24,815 30,557
Total 5,034 5,809 4,614 3,947 3,725 33,389 56,518 67,114
Schedule of lines of credit
           
            12.31.2022
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 383 − 383
Petrobras Banco do Brasil 10/4/2018 9/5/2025 383 − 383
Transpetro Caixa Econômica Federal 11/23/2010 Not defined 63 − 63
Total       829 − 829
(*) 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.