XML 29 R11.htm IDEA: XBRL DOCUMENT v3.21.1
5 Cash and Cash Equivalents
 12 Months Ended
Dec. 31, 2020
Cash and cash equivalents [abstract]  
Cash and Cash Equivalents
5 Cash and Cash Equivalents
     
  12.31.2020 12.31.2019
Cash and bank accounts 228,711  263,188
Financial investments with immediate liquidity  2,994,057 2,678,539
   3,222,768 2,941,727

 

These comprise cash on hand, deposits with banks and short-term highly liquid investments, which can be redeemed in cash within 90 days from the investment date. Temporary short-term investments are recorded at cost at the reporting date, plus earnings accrued. Cash and cash equivalents are subject to an insignificant risk of change in value.

 

Financial investments of the Company refer to Bank Deposit Certificates - CDBs and Repurchase Agreements, which are the sale of a security with the commitment of the seller (Bank) to repurchase it, and of the purchaser to resell it in the future. Investments have post-fixed interest rates between 85% and 101.5% of Interbank Deposit Certificate (“ CDI”) interest.