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NET FINANCIAL RESULT (Details) - BRL (R$)
R$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Financial expenses        
Interest on loans, financing and debentures     R$ (1,742,976) R$ (1,492,521)
Premium expenses on early settlements       (33,719)
Amortization of transaction costs     (36,838) (56,502)
Interest expense on lease liabilities     (210,597) (212,540)
Amortization of fair value adjustment     (9,452) (6,108)
Other     (183,660) (121,702)
Financial expenses     (2,183,523) (1,923,092)
Financial income        
Cash and cash equivalents and marketable securities     303,822 49,328
Interest on other assets     48,745 21,162
Financial income     352,567 70,490
Income from derivative financial instruments        
Income     8,653,252 4,603,059
Expenses     (4,032,366) (3,364,186)
Income from derivative financial instruments R$ (1,575,557) R$ 3,732,823 4,620,886 1,238,873
Monetary and exchange rate variation, net        
Exchange rate variation on loans, financing and debentures     3,812,954 2,065,925
Lease     176,291 96,774
Other assets and liabilities     (818,556) (473,507)
Monetary and exchange rate variation, net R$ (4,459,984) R$ 6,895,657 3,170,689 1,689,192
Net financial result     5,960,619 1,075,463
Capitalized interest     108,972 1,049
Transaction costs for loans and financing     39 3,767
Formation cost     R$ 84,470 R$ 61,260