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FINANCIAL INCOME | 12 Months Ended
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Dec. 31, 2023
FINANCIAL INCOME |
FINANCIAL INCOME | NOTE 31 — FINANCIAL INCOME ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
​ | ​ | ​ | ​ | ​ | ​ | ​
Income from short-term investments |  | 543,507 |  | 392,445 |  | 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 |  | (1,106,122) |  | (1,892,426) |  | (750,454)
​

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