Cash and Cash Equivalents and Financial Investments (Tables)

12 Months Ended

Dec. 31, 2019

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


	12/31/2019		12/31/2018

Cash and bank deposits
In local currency		182,237		117,231
In foreign currency		102,755		88,251

Financial investments considered cash equivalents
In local currency
Fixed-income securities		1,780,939		3,722,308
In foreign currency
Fixed-income securities		49,448		11,161

Total cash and cash equivalents		2,115,379		3,938,951

The financial investments, which are not classified as cash and cash equivalents, are presented as follows:


	12/31/2019		12/31/2018

Financial investments
In local currency
Fixed-income securities and funds		2,610,686		2,537,315

In foreign currency
Fixed-income securities and funds		303,417		154,811

Currency and interest rate hedging instruments (a)		682,615		363,329


Total financial investments		3,596,718		3,055,455


Current		3,090,212		2,853,106
Non-current		506,506		202,349

(a)	Accumulated gains, net of income tax (see Note 34.i).