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FINANCIAL INCOME (Details) - BRL (R$) R$ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
FINANCIAL INCOME |  |  |
Income from short-term investments | R$ 543,507 | R$ 392,445 | R$ 182,639
Interest income and other financial income | 359,512 | 213,917 | 66,385
Financial Income | 903,019 | 606,362 | 249,024
Interest on debt | (840,069) | (964,607) | (1,059,841)
Monetary variation and other financial expenses | (556,720) | (598,551) | (373,246)
Financial Expenses | (1,396,789) | (1,563,158) | (1,433,087)
Exchange Variation, net | (850,375) | (974,709) | (108,373)
Bonds repurchase expenses |  |  | (264,687)
Tax credits monetary update | 253,002 |  | 788,741
Gains and losses on derivative financial instruments, net | (14,979) | 39,079 | 17,928
Financial result, net | R$ (1,106,122) | R$ (1,892,426) | R$ (750,454)

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