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Cash and cash equivalents and marketable securities
 6 Months Ended
Jun. 30, 2023
Cash And Cash Equivalents And Marketable Securities  
Cash and cash equivalents and marketable securities

 

3.Cash and cash equivalents and marketable securities

 

3.1.Cash and cash equivalents

They include cash, available bank deposits and short-term financial investments with high liquidity, which meet the definition of cash equivalents.

   
  06.30.2023 12.31.2022
Cash at bank and in hand 112 216
Short-term financial investments    
- In Brazil    
Brazilian interbank deposit rate investment funds and other short-term deposits 778 2,763
Other investment funds 192 244
  970 3,007
- Abroad    
Time deposits 5,471 2,388
Automatic investing accounts and interest checking accounts 3,794 2,365
Other financial investments 4 20
  9,269 4,773
Total short-term financial investments 10,239 7,780
Total cash and cash equivalents 10,351 7,996

 

 

Short-term financial investments in Brazil primarily consist of investments in funds holding Brazilian Federal Government Bonds that can be redeemed immediately, as well as reverse repurchase agreements that mature within three months as of the date of their acquisition. Short-term financial investments abroad comprise time deposits that mature in three months or less from the date of their acquisition, highly-liquid automatic investment accounts, interest checking accounts and other short-term fixed income instruments.

3.2.Marketable securities
   
  06.30.2023 12.31.2022
Fair value through profit or loss 905 713
Amortized cost - Bank Deposit Certificates and time deposits 4,538 3,574
Amortized cost - others 53 50
Total 5,496 4,337
Current 2,304 2,773
Non-current 3,192 1,564

 

 

Marketable securities classified as fair value through profit or loss refer mainly to investments in Brazilian Federal Government Bonds (amounts determined by level 1 of the fair value hierarchy). These financial investments have maturities of more than three months.

Securities classified as amortized cost refer to investments in Brazil in post-fixed Bank Deposit Certificates with daily liquidity, with maturities between one and two years, and to investments abroad in time deposits with maturities of more than three months from the contracting date.