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Financial results (Tables)
12 Months Ended
Dec. 31, 2024
Financial results  
Schedule of financial results

    

2024

    

2023

    

2022

Finance income

 

  

 

  

 

  

Yields and interests

 

1,627,135

1,884,445

965,952

Results from financial assets

 

74,498

329,061

178,212

Gain on derivatives valuation

4,931

4,454

18,099

Other financial income

 

41,237

103,009

154,882

 

1,747,801

2,320,969

1,317,145

Finance expenses

 

 

 

Interest (1)

 

(7,377,086)

(6,923,831)

(5,517,417)

Financial cost of other liabilities (2)

 

(2,465,600)

(2,196,936)

(2,003,687)

Results from financial assets

 

(31,391)

(246,155)

(152,355)

Other financial expenses

 

(445,239)

(1,017,143)

(353,793)

 

(10,319,316)

(10,384,065)

(8,027,252)

Foreign exchange gain

 

Gain (loss) from exchange difference

51,567

2,397,712

(124,650)

51,567

2,397,712

(124,650)

Financial result

 

(8,519,948)

 

(5,665,384)

 

(6,834,757)

(1)

As of December 31, 2024, interests on natural and environmental resources and property, plant, and equipment were capitalized for $809,560 (2023 $643,964).

(2)

Includes the financial expense for the update of the liability for cost of retirement obligation and the net interest on post-employment benefits and other long-term employee benefits.