Cash and Cash Equivalents and Financial Investments (Tables)

12 Months Ended

Dec. 31, 2018

Cash and cash equivalents of the Company and its subsidiaries are presented as follows:


	12/31/2018		12/31/2017
Cash and bank deposits
In local currency		117,231		73,128
In foreign currency		88,251		74,798
Financial investments considered cash equivalents
In local currency
Fixed-income securities		3,722,308		4,821,605
In foreign currency
Fixed-income securities		11,161		32,473

Total cash and cash equivalents		3,938,951		5,002,004

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


	12/31/2018		12/31/2017
Financial investments
In local currency
Fixed-income securities and funds		2,537,315		1,153,040
In foreign currency
Fixed-income securities and funds		154,811		129,131
Currency and interest rate hedging instruments (a)		363,329		85,753

Total financial investments		3,055,455		1,367,924

Current		2,853,106		1,283,498
Non-current		202,349		84,426

(a)	Accumulated gains, net of income tax (see Note 33.j).