Financial Instruments by Category (Tables)

12 Months Ended

Dec. 31, 2022

Financial Assets and Liabilities by Category of Financial Instruments

Financial Assets


	2022
	Financial Assets at amortized cost		Financial Assets at fair value through profit or loss		Subtotal Financial Assets		Non-financial Assets		Total
Other receivables (1)		246		-		246		783		1,029
Trade receivables (2)		1,641		-		1,641		-		1,641
Investment in financial assets		446		74		520		-		520
Cash and cash equivalents		437		336		773		-		773

		2,770		410		3,180		783		3,963


	2021
	Financial Assets at amortized cost		Financial Assets at fair value through profit or loss		Subtotal Financial Assets		Non-financial Assets		Total
Other receivables (1)		221		-		221		601		822
Trade receivables (2)		1,545		-		1,545		-		1,545
Investment in financial assets		424		98		522		-		522
Cash and cash equivalents		317		294		611		-		611

		2,507		392		2,899		601		3,500


	2020
	Financial Assets at amortized cost		Financial Assets at fair value through profit or loss			Subtotal Financial Assets		Non-financial Assets		Total
Other receivables (1)		183		-			183		418		601
Trade receivables (2)		1,618		-			1,618		-		1,618
Investment in financial assets		226		118	(3)		344		-		344
Cash and cash equivalents		239		411			650		-		650

		2,266		529			2,795		418		3,213

(1)	Does not include the provision for other doubtful receivables.

(2)	Does not include the provision for doubtful trade receivables.

(3)	Granted guarantees for contractual commitments with Exmar. See Notes 34.d) and 34.e).

Financial Liabilities


	2022
	Financial liabilities at amortized cost		Financial liabilities at fair value through profit or loss		Subtotal financial liabilities		Non-financial liabilities		Total
Lease liabilities		566		-		566		-		566
Loans		7,088		-		7,088		-		7,088
Other liabilities		31		-		31		-		31
Accounts payable		2,513		-		2,513		57		2,570

		10,198		-		10,198		57		10,255


	2021
	Financial liabilities at amortized cost		Financial liabilities at fair value through profit or loss		Subtotal financial liabilities		Non-financial liabilities		Total
Lease liabilities		542		-		542		-		542
Loans		7,379		-		7,379		-		7,379
Other liabilities		43		-		43		-		43
Accounts payable		1,904		-		1,904		68		1,972

		9,868		-		9,868		68		9,936


	2020
	Financial liabilities at amortized cost		Financial liabilities at fair value through profit or loss		Subtotal financial liabilities		Non-financial liabilities		Total
Lease liabilities		551		-		551		-		551
Loans		8,070		-		8,070		-		8,070
Other liabilities		143		-		143		-		143
Accounts payable		1,656		-		1,656		69		1,725

		10,420		-		10,420		69		10,489

Summary of Gains and Losses on Financial and non-financial Instruments

Gains and losses on financial and non-financial instruments are allocated to the following categories:


	2022
	Financial and non financial Assets / Liabilities at amortized cost		Financial Assets / Liabilities at fair value through profit or loss		Total
Interest income		319		-		319
Interest loss		(712)		-		(712)
Net financial accretion		(275)		-		(275)
Net exchange differences		541		-		541
Results on financial assets at fair value with changes in profit or loss		-		118		118
Result from derivative financial instruments		-		(9)		(9)
Results from transactions with financial assets		-		-		-
Result from financial instruments exchange		-		-		-
Result from debt exchange		-		-		-
Result from net monetary position		146		-		146

		19		109		128


	2021
	Financial and non financial Assets / Liabilities at amortized cost		Financial Assets / Liabilities at fair value through profit or loss		Total
Interest income		164		-		164
Interest loss		(749)		-		(749)
Net financial accretion		(167)		-		(167)
Net exchange differences		248		-		248
Results on financial assets at fair value with changes in profit or loss		-		105		105
Result from derivative financial instruments		-		(10)		(10)
Results from transactions with financial assets		-		-		-
Result from financial instruments exchange		-		-		-
Result from debt exchange (2)		21		-		21
Result from net monetary position		117		-		117

		(366)		95		(271)


	2020
	Financial and non financial Assets / Liabilities at amortized cost		Financial Assets / Liabilities at fair value through profit or loss		Total
Interest income		100		-		100
Interest loss		(915)		-		(915)
Net financial accretion		(152)		-		(152)
Net exchange differences		493		-		493
Results on financial assets at fair value with changes in profit or loss		-		42		42
Result from derivative financial instruments		-		(11)		(11)
Results from transactions with financial assets		-		143		143
Result from financial instruments exchange (1)		-		18		18
Result from debt exchange (2)		(29)		-		(29)
Result from net monetary position		90		-		90

		(413)		192		(221)

(1)

See “Public securities and public debt restructuring” section.

(2)

See Note 21.

Summary of Company's Financial Assets Measured at Fair Value

The tables below show the Group’s financial assets measured at fair value as of December 31, 2022, 2021 and 2020 and their allocation to their fair value levels.


	2022
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets: (1)
- Public securities		74		-		-		74

		74		-		-		74

Cash and cash equivalents:
- Mutual funds		336		-		-		336

		336		-		-		336

		410		-		-		410



	2021
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets: (1)
- Public securities		98		-		-		98

		98		-		-		98

Cash and cash equivalents:
- Mutual funds		294		-		-		294

		294		-		-		294

		392		-		-		392



	2020
Financial Assets	Level 1		Level 2		Level 3		Total
Investments in financial assets: (1) (2)
- Public securities		118		-		-		118

		118		-		-		118

Cash and cash equivalents:
- Mutual funds		411		-		-		411

		411		-		-		411

		529		-		-		529

(1)	See Note 14.

(2)	Granted guarantees for contractual commitments with Exmar. See Notes 34.d) and 34.e).