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Financial results (Tables) | 12 Months Ended
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Dec. 31, 2022
Financial Results |
Schedule of financial result |
Schedule of financial result |  |  |  |  |  |  |  |
|  |  |  | Year ended December 31,
|  | Notes |  | 2022 |  | 2021 |  | 2020
Financial income |  |  |  |  |  |  |  |
Short term investments |  |  |  | 440 |  | 226 |  | 129
Other |  |  |  | 80 |  | 111 |  | 178
Total financial income |  |  |  | 520 |  | 337 |  | 307
Financial expenses |  |  |  |  |  |  |  |
Loans and borrowings gross interest |  | 23 |  | (612) |  | (671) |  | (742)
Capitalized loans and borrowing costs |  |  |  | 47 |  | 59 |  | 70
Interest on REFIS |  |  |  | (152) |  | (54) |  | (55)
Interest on lease liabilities |  | 23 |  | (64) |  | (63) |  | (65)
Bond premium repurchase |  | 10 |  | (113) |  | (63) |  | -
Other |  |  |  | (285) |  | (457) |  | (366)
Total financial expenses |  |  |  | (1,179) |  | (1,249) |  | (1,158)
Other financial items, net |  |  |  |  |  |  |  |
Net foreign exchange gains (losses) |  |  |  | (398) |  | 408 |  | (549)
Participative shareholders' debentures (i) |  | 22 |  | 659 |  | (716) |  | (1,565)
Financial guarantees (i) |  | 32(b) |  | 481 |  | 312 |  | (468)
Derivative financial instruments |  | 20 |  | 1,154 |  | (23) |  | (1,210)
Reclassification of cumulative translation adjustments to the income statement |  | 15 and 16 |  | 1,608 |  | 4,326 |  | -
Indexation losses, net |  |  |  | (577) |  | (276) |  | (170)
Other financial items |  |  |  | 2,927 |  | 4,031 |  | (3,962)
Total |  |  |  | 2,268 |  | 3,119 |  | (4,813)
(i) | Items reclassified in comparative to maintain consistency of disclosure.

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