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Financial assets and liabilities (Tables) | 12 Months Ended
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Dec. 31, 2020
Financial assets and liabilities |
Schedule of financial instruments classification based on its recognition |
|  | December 31, 2020 |  | December 31, 2019
|  |  |  |  |  | At fair value |  |  |  |  |  |  |  | At fair value |  |
|  |  |  | At fair value |  | through |  |  |  | Amortized |  | At fair value |  | through profit |  |
Financial assets |  | Amortized cost |  | through OCI |  | profit or loss |  | Total |  | cost |  | through OCI |  | or loss |  | Total
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents (note 22) |  | 13,487 |  | — |  | — |  | 13,487 |  | 7,350 |  | — |  | — |  | 7,350
Short-term investments (note 22) |  | — |  | — |  | 771 |  | 771 |  | — |  | — |  | 826 |  | 826
Derivative financial instruments (note 19) |  | — |  | — |  | 134 |  | 134 |  | — |  | — |  | 288 |  | 288
Accounts receivable (note 10) |  | 4,499 |  | — |  | 494 |  | 4,993 |  | 2,452 |  | — |  | 77 |  | 2,529
Related parties (note 29) |  | 195 |  | — |  | — |  | 195 |  | 319 |  | — |  | — |  | 319
|  | 18,181 |  | — |  | 1,399 |  | 19,580 |  | 10,121 |  | — |  | 1,191 |  | 11,312
Non-current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Judicial deposits (note 26) |  | 1,268 |  | — |  | — |  | 1,268 |  | 3,133 |  | — |  | — |  | 3,133
Restricted cash |  | 38 |  | — |  | — |  | 38 |  | 151 |  | — |  | — |  | 151
Derivative financial instruments (note 19) |  | — |  | — |  | 66 |  | 66 |  | — |  | — |  | 184 |  | 184
Investments in equity securities |  | — |  | 757 |  | — |  | 757 |  | — |  | 726 |  | — |  | 726
Related parties (note 29) |  | 923 |  | — |  | — |  | 923 |  | 1,600 |  | — |  | — |  | 1,600
|  | 2,229 |  | 757 |  | 66 |  | 3,052 |  | 4,884 |  | 726 |  | 184 |  | 5,794
Total of financial assets |  | 20,410 |  | 757 |  | 1,465 |  | 22,632 |  | 15,005 |  | 726 |  | 1,375 |  | 17,106
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Suppliers and contractors |  | 3,367 |  | — |  | — |  | 3,367 |  | 4,107 |  | — |  | — |  | 4,107
Derivative financial instruments (note 19) |  | — |  | — |  | 328 |  | 328 |  | — |  | — |  | 94 |  | 94
Loans, borrowings and leases (note 22) |  | 1,136 |  | — |  | — |  | 1,136 |  | 1,439 |  | — |  | — |  | 1,439
Dividends payable |  | 1,220 |  | — |  | — |  | 1,220 |  | 1,560 |  | — |  | — |  | 1,560
Liabilities related to the concession grant |  | 209 |  | — |  | — |  | 209 |  | — |  | — |  | — |  | —
Related parties (note 29) |  | 725 |  | — |  | — |  | 725 |  | 980 |  | — |  | — |  | 980
Other financial liabilities |  | 644 |  |  |  |  |  | 644 |  | 330 |  |  |  |  |  | 330
|  | 7,301 |  | — |  | 328 |  | 7,629 |  | 8,416 |  | — |  | 94 |  | 8,510
Non-current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments (note 19) |  | — |  | — |  | 689 |  | 689 |  | — |  | — |  | 307 |  | 307
Loans, borrowings and leases (note 22) |  | 13,891 |  | — |  | — |  | 13,891 |  | 13,408 |  | — |  | — |  | 13,408
Related parties (note 29) |  | 943 |  | — |  | — |  | 943 |  | 956 |  | — |  | — |  | 956
Participative stockholders' debentures (note 21) |  | — |  | — |  | 3,413 |  | 3,413 |  | — |  | — |  | 2,584 |  | 2,584
Liabilities related to the concession grant |  | 2,103 |  | — |  | — |  | 2,103 |  | — |  | — |  | — |  | —
Financial guarantees |  | — |  | — |  | 877 |  | 877 |  | — |  | — |  | 525 |  | 525
|  | 16,937 |  | — |  | 4,979 |  | 21,916 |  | 14,364 |  | — |  | 3,416 |  | 17,780
Total of financial liabilities |  | 24,238 |  | — |  | 5,307 |  | 29,545 |  | 22,780 |  | — |  | 3,510 |  | 26,290
Schedule of assets and liabilities measured and recognized at fair value |
|  | December 31, 2020 |  | December 31, 2019
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term investments |  | 771 |  | — |  | — |  | 771 |  | 826 |  | — |  | — |  | 826
Derivative financial instruments |  | — |  | 182 |  | 18 |  | 200 |  | — |  | 448 |  | 24 |  | 472
Accounts receivable |  | — |  | 494 |  | — |  | 494 |  | — |  | 77 |  | — |  | 77
Investments in equity securities |  | 757 |  | — |  | — |  | 757 |  | 726 |  | — |  | — |  | 726
Total |  | 1,528 |  | 676 |  | 18 |  | 2,222 |  | 1,552 |  | 525 |  | 24 |  | 2,101
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | — |  | 998 |  | 19 |  | 1,017 |  | — |  | 281 |  | 120 |  | 401
Participative stockholders' debentures |  | — |  | 3,413 |  | — |  | 3,413 |  | — |  | 2,584 |  | — |  | 2,584
Financial guarantees |  | — |  | 877 |  | — |  | 877 |  | — |  | 525 |  | — |  | 525
Total |  | — |  | 5,288 |  | 19 |  | 5,307 |  | — |  | 3,390 |  | 120 |  | 3,510
Schedule of changes in Level 3 assets and liabilities |
|  | Derivative financial instruments
|  | Financial assets |  | Financial liabilities
Balance at December 31, 2019 |  | 24 |  | 120
Gain and losses recognized in income statement |  | — |  | (79)
Translation adjustments |  | (6) |  | (22)
Balance at December 31, 2020 |  | 18 |  | 19
Schedule of fair value and carrying amounts of loans and financing |
|  | December 31, 2020 |  | December 31, 2019
|  | Carrying amount |  | Fair value |  | Carrying amount |  | Fair value
Quoted in the secondary market: |  |  |  |  |  |  |  |
Bonds |  | 7,448 |  | 10,025 |  | 5,948 |  | 7,484
Eurobonds |  | 920 |  | 985 |  | 843 |  | 916
Debentures |  | 496 |  | 496 |  | 995 |  | 995
Debt contracts in Brazil in: |  |  |  |  |  |  |  |
R$, indexed to TJLP, TR, IPCA, IGP-M and CDI |  | 860 |  | 857 |  | 1,332 |  | 1,379
R$, with fixed interest |  | 34 |  | 35 |  | 88 |  | 88
Basket of currencies and bonds in US$ indexed to LIBOR |  | 56 |  | 56 |  | 101 |  | 100
Debt contracts in the international market in: |  |  |  |  |  |  |  |
US$, with variable and fixed interest |  | 3,225 |  | 3,278 |  | 3,194 |  | 3,280
EUR, with variable interest |  | — |  | — |  | 224 |  | 211
Other currencies, with fixed interest |  | 120 |  | 134 |  | 120 |  | 131
Total |  | 13,159 |  | 15,866 |  | 12,845 |  | 14,584

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