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v3.24.1

FINANCIAL INSTRUMENTS - Derivative instruments (Details) R$ in Thousands, $ in Millions | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2023 BRL (R$) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2023 USD ($) | Dec. 31, 2023 BRL (R$) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 BRL (R$)
FINANCIAL INSTRUMENTS |  |  |  |  |  |  |
Amount receivable |  |  |  |  | R$ 766 |  | R$ 3,272
Amount payable |  |  |  |  | 20,648 |  | 19,056
Fair value of derivatives |  |  |  |  |  |  |
Current assets |  |  |  |  | 766 |  | 3,272
Current liabilities |  |  |  |  | 19,042 |  | 19,056
Non-current liabilities |  |  |  |  | 1,606 |  |
Total |  |  |  |  | 20,648 |  | 19,056
Net income |  |  |  |  |  |  |
Gains on financial instruments | R$ 39,895 | R$ 83,465 |  |  |  |  |
Losses on financial instruments | (54,874) | (44,386) |  |  |  |  |
Total gains (losses) on financial instruments | (14,979) | 39,079 | R$ 17,928 |  |  |  |
Other comprehensive income |  |  |  |  |  |  |
Gains on financial instruments | 783 |  |  |  |  |  |
Losses on financial instruments |  | (607) |  |  |  |  |
Total gains (losses) on financial instruments | R$ 783 | R$ (607) |  |  |  |  |
Currency forward contracts | Maturity In 2024 |  |  |  |  |  |  |
FINANCIAL INSTRUMENTS |  |  |  |  |  |  |
Nominal amount of hedging instrument | $ |  |  |  | $ 34.2 |  | $ 30.9 |
Amount payable |  |  |  |  | 17,337 |  | 17,950
Commodity contracts | Maturity In 2024 |  |  |  |  |  |  |
FINANCIAL INSTRUMENTS |  |  |  |  |  |  |
Nominal amount of hedging instrument | $ |  |  |  | 12.1 |  | $ 2.4 |
Amount receivable |  |  |  |  | 32 |  | 3,272
Amount payable |  |  |  |  | 1,349 |  | R$ 1,106
Swaps IPCA x DI | Maturity In 2024 |  |  |  |  |  |  |
FINANCIAL INSTRUMENTS |  |  |  |  |  |  |
Percentage of basis used to calculate interest rate | 99.20% |  |  |  |  |  |
Nominal amount of hedging instrument |  |  |  |  | 450,000 |  |
Amount receivable |  |  |  |  | 734 |  |
Amount payable |  |  |  |  | 356 |  |
Swaps USD x DI | Maturity in 2026 |  |  |  |  |  |  |
FINANCIAL INSTRUMENTS |  |  |  |  |  |  |
Percentage of basis used to calculate interest rate | 107.90% |  |  |  |  |  |
Nominal amount of hedging instrument | $ |  |  |  | $ 30.6 |  |  |
Amount payable |  |  |  |  | R$ 1,606 |  |

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