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FINANCE INCOME AND EXPENSES
 12 Months Ended
Dec. 31, 2021
FINANCE INCOME AND EXPENSES

 

29.FINANCE INCOME AND EXPENSES

 

   2021  2020  2019
FINANCE INCOME               
Income from financial investments   242    95    102 
Interest on sale of energy   460    399    361 
Monetary variations   68    42    30 
Monetary variations – CVA (Note 14)   64    32    105 
Monetary updating of escrow deposits   29    53    50 
PIS/Pasep and Cofins charged on finance income (1)   (124)   (96)   (128)
Gains on financial instruments –swap (Note 31)   —      1,753    998 
Borrowing costs paid by related parties   2    30    48 
Monetary updating on PIS/Pasep and Cofins taxes credits over ICMS (Note 9) (2)   20    42    1,580 
Others   83    95    61 
 Finance income   844    2,445    3,207 
FINANCE EXPENSES               
Charges on loans and financings (Note 22)   (1,147)   (1,178)   (1,227)
Cost of debt – amortization of transaction cost (Note 22)   (20)   (15)   (38)
Foreign exchange variations - loans and financing (Note 22)   (353)   (1,742)   (226)
Premium on repurchase of debt securities (Eurobonds) (Note 22)   (491)   —      —   
Foreign exchange variations – Itaipu   (27)   (47)   (13)
Monetary updating – loans and financings (Note 22)   (331)   (187)   (142)
Monetary updating – onerous concessions   (8)   (9)   (3)
Charges and monetary updating on post-employment obligations (Note 24)   (70)   (53)   (56)
Loss on financial instruments –swap (Note 31)   (538)   —      —   
Monetary updating – Lease liabilities (Note 19)   (25)   (27)   (34)
Others   (86)   (92)   (108)
 Finance costs   (3,096)   (3,350)   (1,847)
NET FINANCE INCOME (EXPENSES)   (2,252)   (905)   1,360 

 

(1)The PIS/Pasep and Cofins expenses apply to Interest on Equity.
(2)The updating of the tax credits for the court judgment on PIS, Pasep, Cofins / ICMS tax, and the related liability to be refunded to customers, is presented at net value.