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Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities | 12 Months Ended
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Dec. 31, 2021
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Financial assets at fair value through profit or loss and designated at fair value through profit or loss - Securities | Note 5 – Financial assets at fair value through profit or loss and designated at fair value through profit or loss—Securities a) Financial assets at fair value through profit or loss—Securities are presented in the following table:
|  | 12/31/2021 |  |  | 12/31/2020 |
|  | Cost |  |  | Adjustments to Fair Value (in Income) |  |  | Fair value |  |  | Cost |  |  | Adjustments to Fair Value (in Income) (2) |  |  | Fair value |
Investment funds |  |  | 20,130 |  |  |  | 9 |  |  |  | 20,139 |  |  |  | 15,407 |  |  |  | (1,203 | ) |  |  | 14,204 |
Brazilian government securities (1a) |  |  | 223,529 |  |  |  | (1,774 | ) |  |  | 221,755 |  |  |  | 284,280 |  |  |  | 1,605 |  |  |  | 285,885 |
Government securities – abroad (1b) |  |  | 5,581 |  |  |  | (20 | ) |  |  | 5,561 |  |  |  | 8,199 |  |  |  | 11 |  |  |  | 8,210 |
Argentina |  |  | 901 |  |  |  | 29 |  |  |  | 930 |  |  |  | 1,480 |  |  |  | 18 |  |  |  | 1,498 |
Chile |  |  | 839 |  |  |  | (2 | ) |  |  | 837 |  |  |  | 839 |  |  |  | 1 |  |  |  | 840 |
Colombia |  |  | 1,071 |  |  |  | (12 | ) |  |  | 1,059 |  |  |  | 3,599 |  |  |  | 4 |  |  |  | 3,603 |
United States |  |  | 2,706 |  |  |  | (35 | ) |  |  | 2,671 |  |  |  | 2,096 |  |  |  | (11 | ) |  |  | 2,085 |
Mexico |  |  | 19 |  |  |  | — |  |  |  | 19 |  |  |  | 5 |  |  |  | — |  |  |  | 5 |
Paraguay |  |  | 10 |  |  |  | — |  |  |  | 10 |  |  |  | 3 |  |  |  | — |  |  |  | 3 |
Peru |  |  | 8 |  |  |  | — |  |  |  | 8 |  |  |  | 4 |  |  |  | 1 |  |  |  | 5 |
Uruguay |  |  | 27 |  |  |  | — |  |  |  | 27 |  |  |  | 40 |  |  |  | 1 |  |  |  | 41 |
Italy |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 133 |  |  |  | (3 | ) |  |  | 130 |
Corporate securities (1c) |  |  | 116,346 |  |  |  | (1,878 | ) |  |  | 114,468 |  |  |  | 78,113 |  |  |  | (1,081 | ) |  |  | 77,032 |
Shares |  |  | 20,293 |  |  |  | (936 | ) |  |  | 19,357 |  |  |  | 20,063 |  |  |  | (1,016 | ) |  |  | 19,047 |
Rural product note |  |  | 6,752 |  |  |  | 100 |  |  |  | 6,852 |  |  |  | 2,371 |  |  |  | (22 | ) |  |  | 2,349 |
Bank deposit certificates |  |  | 150 |  |  |  | — |  |  |  | 150 |  |  |  | 729 |  |  |  | — |  |  |  | 729 |
Real estate receivables certificates |  |  | 1,075 |  |  |  | (63 | ) |  |  | 1,012 |  |  |  | 561 |  |  |  | (13 | ) |  |  | 548 |
Debentures |  |  | 66,730 |  |  |  | (942 | ) |  |  | 65,788 |  |  |  | 30,022 |  |  |  | (85 | ) |  |  | 29,937 |
Eurobonds and other |  |  | 5,293 |  |  |  | (40 | ) |  |  | 5,253 |  |  |  | 2,341 |  |  |  | 42 |  |  |  | 2,383 |
Financial bills |  |  | 10,128 |  |  |  | (17 | ) |  |  | 10,111 |  |  |  | 15,784 |  |  |  | (1 | ) |  |  | 15,783 |
Promissory and commercial notes |  |  | 4,655 |  |  |  | 29 |  |  |  | 4,684 |  |  |  | 5,588 |  |  |  | 28 |  |  |  | 5,616 |
Other |  |  | 1,270 |  |  |  | (9 | ) |  |  | 1,261 |  |  |  | 654 |  |  |  | (14 | ) |  |  | 640 |
Total |  |  | 365,586 |  |  |  | (3,663 | ) |  |  | 361,923 |  |  |  | 385,999 |  |  |  | (668 | ) |  |  | 385,331 |
(1) | Financial assets at fair value through profit or loss – Securities pledged as Guarantee of Funding of Financial Institutions and Customers were: a) R$ 50,116 (R$ 12,181 at 12/31/2020), b) R$ 171 (R$ 765 at 12/31/2020) and c) R$ 15,984 (R$ 8,556 at 12/31/2020), totaling R$ 66,271 (R$ 21,502 at 12/31/2020).
(2) | In the period, the result of Adjustment to Fair Value of Financial Assets (particularly private securities) had their amounts affected by oscillations of rates and other market variables arising from the impact of the COVID-19 pandemic on the macroeconomic scenario in the period (Note 33a).
The cost and fair value per maturity of Financial Assets at Fair Value Through Profit or Loss - Securities were as follows:
|  | 12/31/2021 |  |  | 12/31/2020 |
|  | Cost |  |  | Fair value |  |  | Cost |  |  | Fair value |
Current |  |  | 78,151 |  |  |  | 77,057 |  |  |  | 152,413 |  |  |  | 150,298 |
Non-stated maturity |  |  | 33,781 |  |  |  | 32,853 |  |  |  | 35,470 |  |  |  | 33,251 |
Up to one year |  |  | 44,370 |  |  |  | 44,204 |  |  |  | 116,943 |  |  |  | 117,047 |
Non-current |  |  | 287,435 |  |  |  | 284,866 |  |  |  | 233,586 |  |  |  | 235,033 |
From one to five years |  |  | 212,424 |  |  |  | 211,325 |  |  |  | 175,530 |  |  |  | 176,651 |
From five to ten years |  |  | 51,434 |  |  |  | 50,688 |  |  |  | 37,783 |  |  |  | 37,600 |
After ten years |  |  | 23,577 |  |  |  | 22,853 |  |  |  | 20,273 |  |  |  | 20,782 |
Total |  |  | 365,586 |  |  |  | 361,923 |  |  |  | 385,999 |  |  |  | 385,331 |
Financial Assets at Fair Value Through Profit or Loss - Securities include assets with a fair value of R$ 197,648 (R$ 205,820 at 12/31/2020) that belong to investment funds wholly owned by Itaú Vida e Previdência S.A.. The return of those assets (positive or negative) is fully transferred to customers of our PGBL and VGBL private pension plans whose premiums (net of fees) are used by our subsidiary to purchase quotas of those investment funds. b) Financial assets designated at fair value through profit or loss - Securities are presented in the following table:
|  | 12/31/2021 |
|  | Cost |  |  | Adjustments to Fair Value (in Income) |  |  | Fair value |
Brazilian external debt bonds |  |  | 3,075 |  |  |  | (31 | ) |  |  | 3,044 |
Total |  |  | 3,075 |  |  |  | (31 | ) |  |  | 3,044 |
|  | 12/31/2020 |
|  | Cost |  |  | Adjustments to Fair Value (in Income) |  |  | Fair value |
Brazilian external debt bonds |  |  | 3,699 |  |  |  | 41 |  |  |  | 3,740 |
Total |  |  | 3,699 |  |  |  | 41 |  |  |  | 3,740 |
The cost and fair value by maturity of financial assets designated as fair value through profit or loss - Securities were as follows:
|  | 12/31/2021 |  |  | 12/31/2020 |
|  | Cost |  |  | Fair value |  |  | Cost |  |  | Fair value |
Current |  |  | 1,474 |  |  |  | 1,458 |  |  |  | 1,806 |  |  |  | 1,826 |
Up to one year |  |  | 1,474 |  |  |  | 1,458 |  |  |  | 1,806 |  |  |  | 1,826 |
Non-current |  |  | 1,601 |  |  |  | 1,586 |  |  |  | 1,893 |  |  |  | 1,914 |
From one to five years |  |  | 1,601 |  |  |  | 1,586 |  |  |  | 1,893 |  |  |  | 1,914 |
Total |  |  | 3,075 |  |  |  | 3,044 |  |  |  | 3,699 |  |  |  | 3,740 |

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