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TRADE ACCOUNTS PAYABLE
12 Months Ended
Dec. 31, 2021
TRADE ACCOUNTS PAYABLE  
TRADE ACCOUNTS PAYABLE

NOTE 14 – TRADE ACCOUNTS PAYABLE

    

2021

    

2020

Trade accounts payable - domestic market

 

5,230,270

 

3,941,924

Trade accounts payable - debtor risk

 

807,915

 

726,045

Trade accounts payable - intercompany

 

47,597

 

8,958

Trade accounts payable - imports

 

1,931,358

 

761,026

 

8,017,140

 

5,437,953

The Company has contracts with financial institutions in order to allow its suppliers to receive in advance their receivables through an operation called "Trade accounts payable - debtor risk". In this operation, the suppliers transfer the right to receive their receivables to a financial institution, which in turn, becomes the holder of the rights to the suppliers' receivables. The Company constantly monitors the composition of the portfolio and the conditions established with its suppliers, which have not resulted in significant changes in relation to what had been practiced historically.