XML 17 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
4. Cash and Cash Equivalents and Financial Investments
 12 Months Ended
Dec. 31, 2017
Cash And Cash Equivalents And Financial Investments  
Cash and Cash Equivalents and Financial Investments

Cash equivalents and financial investments, excluding cash and bank deposits, are substantially represented by investments: (i) in Brazil, in certificates of deposit of first-rate financial institutions linked to the CDI, in repurchase agreement and in short term investments funds, whose portfolio comprised exclusively of Brazilian Federal Government bonds; (ii) outside Brazil, in certificates of deposit of first-rate financial institutions and in short term investments funds, whose portfolio comprised of Federal Government bonds; and (iii) in currency and interest rate hedging instruments.

 

The financial assets were classified in Note 31, according to their characteristics and intention of the Company and its subsidiaries.

 

The balance of cash, cash equivalents and financial investments amounted to R$ 6,369,928 in 2017 (R$ 5,701,849 as of December 31, 2016) and are distributed as follows:

 

·          · Cash and Cash Equivalents

 

Cash and cash equivalents are considered: (i) cash and bank deposits, and (ii) highly-liquid short-term investments that are readily convertible into a known amount of cash and are subject to an insignificant risk of change in value.

 

    2017   2016
         
Cash and bank deposits        
In local currency   73,128   47,177
In foreign currency   74,798   66,141
         
Financial investments considered cash equivalents        
In local currency        
Fixed-income securities   4,821,605   3,837,807
In foreign currency        
Fixed-income securities   32,473   323,033
         
Total cash and cash equivalents   5,002,004   4,274,158

 

·          · Financial Investments

The financial investments of the Company and its subsidiaries, which are not classified as cash and cash equivalents, are distributed as follows:

 

    2017   2016
         
Financial investments        
In local currency        
Fixed-income securities and funds   1,153,040   1,174,458
         
In foreign currency        
Fixed-income securities and funds   129,131   34,775
         
Currency and interest rate hedging instruments (a)   85,753   218,458
         
Total financial investments   1,367,924   1,427,691
         
Current   1,283,498   1,412,587
Non-current   84,426   15,104

 

(a) Accumulated gains, net of income tax (see Note 31).