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CASH AND CASH EQUIVALENTS, AND SHORT AND LONG-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2021

CASH AND CASH EQUIVALENTS, AND SHORT AND LONG-TERM INVESTMENTS

CASH AND CASH EQUIVALENTS, AND SHORT AND LONG-TERM INVESTMENTS

NOTE 4 — CASH AND CASH EQUIVALENTS, AND SHORT AND LONG-TERM INVESTMENTS


		2021		2020
Cash		14,667		9,060
Banks and immediately available investments		4,145,987		4,608,144
Cash and cash equivalents		4,160,654		4,617,204

Immediately available investments include investments with maturity up to 90 days at the time of acquisition, immediate liquidity and low risk of fair value variation.


		2021		2020
Short-term investments		2,626,212		3,041,143

Short-term investments include Bank Deposit Certificates and marketable securities, which are stated at their fair value. Income generated by these investments is recorded as financial income.