XML 130 R11.htm IDEA: XBRL DOCUMENT v3.23.1
Cash and Cash Equivalents
 12 Months Ended
Dec. 31, 2022
Cash and cash equivalents [abstract]  
Cash and Cash Equivalents

 

5.Cash and Cash Equivalents
     
  12.31.2022 12.31.2021 12.31.2020
Cash and bank accounts 222,641  231,372  228,711
Financial investments with immediate liquidity 2,455,816 3,241,473 2,994,057
  2,678,457 3,472,845 3,222,768

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 income net of income tax 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, depending on the incidence of IOF and the liquidity period negotiated at the time of contracting, have post-fixed interest rates between 94.0% and 102% of Interbank Deposit Certificate (“CDI”).