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Marketable Securities
12 Months Ended
Dec. 31, 2023
Disclosure Of Marketable Securities [Abstract]  
Marketable Securities
7.
MARKETABLE SECURITIES

 

 

 

2023

 

 

2022

 

Investments

 

 

 

 

 

 

Current

 

 

 

 

 

 

Bank deposit certificates (CDBs)

 

 

74

 

 

 

191

 

Financial Notes (LFs) – Banks

 

 

475

 

 

 

1,140

 

Treasury Financial Notes (LFTs)

 

 

214

 

 

 

402

 

Others

 

 

11

 

 

 

12

 

 

 

 

 

 

 

 

 

 

 

774

 

 

 

1,745

 

 

 

 

 

 

 

 

Non-current

 

 

 

 

 

 

Bank deposit certificates (CDBs)

 

 

-

 

 

 

127

 

Debentures (4)

 

 

-

 

 

 

7

 

 

 

 

 

 

 

 

 

 

 

-

 

 

 

134

 

 

 

 

 

 

 

 

 

 

 

774

 

 

 

1,879

 

 

 

 

 

 

 

 

 

Bank Certificates of Deposit (Certificados de Depósito Bancário, or CBDs), accrued interest between 103% and 104.3% of the CDI Rate (Interbank Rate for Interbank Certificates of Deposit or Certificados de Depósito Inter-bancário - CDIs) published by the Custody and Settlement Chamber (Câmara de Custódia e Liquidação, or Cetip) on December 31, 2023 (103% to 104.4% on December 31, 2022).

Bank Financial Notes (Letras Financeiras, or LFs) are fixed-rate fixed-income securities, issued by banks and that accrued interest a percentage of the CDI rate published by Cetip. The LFs had remuneration rates varying between 108.6% and 111.98% of the CDI rate on December 31, 2023 (103.3% and 110.26% on December 31, 2022).

Treasury Financial Notes (LFTs) are fixed-rate securities, their yield follows the daily changes in the Selic rate between the date of purchase and the date of maturity. The LFTs had remuneration rates varying between 11.83% and 11.85% on December 31, 2023 (13.65% and 13.88% on December 31, 2022).

The material accounting policies and classification of these securities are shown in note 31. Investments in marketable securities of related parties are shown in Note 30.

The Company and its subsidiaries consistently classify the income related to these securities as part of the cash flow of the operating activity, because they believe that this is the most appropriate presentation to properly reflect the activities.