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NET FINANCIAL RESULT (Details) - BRL (R$)
R$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Financial expenses        
Interest on loans, financing and debentures     R$ (1,492,521) R$ (1,728,835)
Premium expenses on early settlements     (33,719)  
Amortization of fundraising costs     (56,502) (41,268)
Amortization of fair value adjustment on business combination     (6,108) (10,660)
Interest expense on lease liabilities     (273,800) (240,528)
Other financial expenses     (60,442) (98,259)
Financial expenses     (1,923,092) (2,119,550)
Financial Income        
Cash and cash equivalents and marketable securities     49,328 108,427
Amortization of fair value adjustment on business combination       47,619
Other financial income     21,162 47,127
Financial income     70,490 203,173
Income from derivative financial instruments        
Income     4,603,059 990,989
Expenses     (3,364,186) (11,826,103)
Income from derivative financial instruments R$ 3,732,823 R$ (1,776,322) 1,238,873 (10,835,114)
Monetary and exchange rate variation, net        
Exchange rate variation on loans, financing and debentures     2,065,925 (16,364,585)
Lease     96,774 (742,501)
Other assets and liabilities     (473,507) 1,757,291
Monetary and exchange rate variation, net R$ 6,895,657 R$ (2,930,209) 1,689,192 (15,349,795)
Net financial result     1,075,463 (28,101,286)
Capitalized interest costs on loans, financing and debentures     1,049 7,940
Transaction costs for loans and financing     R$ 3,767 R$ 2,213