XML 60 R38.htm IDEA: XBRL DOCUMENT
v3.22.1

Financial assets and liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Financial assets and liabilities |
Summary of Carrying Amount of Financial Assets and Liabilities | The carrying amount of financial assets and financial liabilities are as follows:
| Note |  | December 31, 2021 |  |  | December 31, 2020 |  |
Assets |  |  |  |  |  |  |  |
Fair value through profit or loss |  |  |  |  |  |  |  |
Cash and cash equivalents | 6.1 |  | 8,103,713 |  |  | 2,155,446 |  |
Marketable securities | 6.2 |  | 4,388,007 |  |  | 3,669,109 |  |
Other financial assets | 6.4 |  | 320,193 |  |  | 69,126 |  |
Derivate financial instruments | 6.10 |  | 4,732,926 |  |  | 8,140,700 |  |
|  |  | 17,544,839 |  |  | 14,034,381 |  |
Amortized cost |  |  |  |  |  |  |  |
Cash and cash equivalents | 6.1 |  | 8,070,417 |  |  | 11,487,472 |  |
Trade receivables | 6.3 |  | 2,745,853 |  |  | 2,033,441 |  |
Restricted cash | 6.2 |  | 58,990 |  |  | 34,562 |  |
Receivables from related parties | 6.5 |  | 416,491 |  |  | 929,690 |  |
Sector financial assets | 6.9 |  | 558,310 |  |  | 241,749 |  |
Dividend receivable |  |  | 519,965 |  |  | 80,755 |  |
|  |  | 12,370,026 |  |  | 14,807,669 |  |
Total assets |  |  | 29,914,865 |  |  | 28,842,050 |  |
Liabilities |  |  |  |  |  |  |  |
Amortized cost |  |  |  |  |  |  |  |
Loans, borrowings and debentures | 6.6 |  | (25,444,437 | ) |  | (23,393,880 | ) |
Leases | 6.7 |  | (3,267,678 | ) |  | (3,001,847 | ) |
Trade payables | 6.8 |  | (3,253,504 | ) |  | (2,630,054 | ) |
Consideration payable |  |  | (234,960 | ) |  | (224,787 | ) |
Other financial liabilities (i) |  |  | (726,423 | ) |  | (594,188 | ) |
Payables to related parties | 6.5 |  | (287,609 | ) |  | (307,080 | ) |
Railroad concession payable | 13 |  | (3,054,248 | ) |  | (1,154,919 | ) |
Preferred shareholders payable in subsidiaries |  |  | — |  |  | (387,044 | ) |
Dividends payable |  |  | (799,634 | ) |  | (1,413,222 | ) |
Sector financial liabilities | 6.9 |  | (1,372,283 | ) |  | (565,911 | ) |
Tax installments - REFIS | 15 |  | (200,664 | ) |  | (202,377 | ) |
|  |  | (38,641,440 | ) |  | (33,875,309 | ) |
Fair value through profit or loss |  |  |  |  |  |  |  |
Loans, borrowings and debentures | 6.6 |  | (20,214,600 | ) |  | (18,855,580 | ) |
Derivative financial instruments | 6.10 |  | (1,076,161 | ) |  | (446,061 | ) |
|  |  | (21,290,761 | ) |  | (19,301,641 | ) |
Total liabilities |  |  | (59,932,201 | ) |  | (53,176,950 | ) |
(i) |  | The balance substantially presented comes from the subsidiary Rumo and refers to amounts that were advanced by its suppliers with financial institutions. As of December 31, 2021 the balance was R$576,786 (R$413,470 as of December 31, 2020). These operations had Banco Itaú and Banco Bradesco as counterparties, at an average rate of 10.60% p.a. (3.00% p.a. on December 31, 2020). The average payment term of these operations is around 90 days.
Summary of Cash and Cash Equivalents |
| December 31, 2021 |  |  | December 31, 2020 |
Cash and bank accounts | 98,116 |  |  | 4,134,074 |
Savings account | 2,594,723 |  |  | 986,379 |
Financial investments | 13,481,291 |  |  | 8,522,465 |
| 16,174,130 |  |  | 13,642,918 |
Summary of Financial Investments | Financial investments include the following:
| December 31, 2021 |  |  | December 31, 2020 |
Investment fund |  |  |  |  |
Repurchase agreements | 1,680,328 |  |  | 1,672,688 |
Bank certificate of deposits | 6,423,385 |  |  | 475,213 |
Other | — |  |  | 7,545 |
| 8,103,713 |  |  | 2,155,446 |
Bank investments |  |  |  |  |
Repurchase agreements(i) | 974,494 |  |  | 1,293,833 |
Bank certificate of deposits(ii) | 2,321,614 |  |  | 5,015,244 |
Other(iii) | 2,081,470 |  |  | 57,942 |
| 5,377,578 |  |  | 6,367,019 |
| 13,481,291 |  |  | 8,522,465 |
Summary of marketable securities and restricted cash |
| December 31, 2021 |  |  | December 31, 2020 |
Marketable securities |  |  |  |  |
Government security (i) | 4,371,645 |  |  | 3,543,886 |
CDB | 1,051 |  |  | 116,963 |
ESG funds (ii) | 15,311 |  |  | — |
Repurchase agreements | — |  |  | 8,260 |
| 4,388,007 |  |  | 3,669,109 |
Restricted cash |  |  |  |  |
Securities pledged as collateral | 58,990 |  |  | 34,562 |
| 58,990 |  |  | 34,562 |
(i) |  | Government securities have stated interest connected to Special System for Settlement and Custody (Sistema Especial de Liquidação e de Custódia), or “Selic,” with a return of approximately 100% of the CDI.
(ii) |  | On October 6, 2021, the Company invested in the Fifth Wall Climate Tech Fund, from the United States, as an investor and partner in a business that also gives preferential access to investments in startups developing carbon solutions. The investment is measured at fair value through profit or loss maturing in 5 years.
Summary of Trade Receivables |
| December 31, 2021 |  |  | December 31, 2020 |  |
Domestic – Brazilian reais | 1,810,867 |  |  | 1,432,805 |  |
Export – foreign currency | 74,450 |  |  | 68,867 |  |
Unbilled receivables(i) | 975,588 |  |  | 667,793 |  |
| 2,860,905 |  |  | 2,169,465 |  |
Expected credit losses | (115,052 | ) |  | (136,024 | ) |
| 2,745,853 |  |  | 2,033,441 |  |
Current | 2,580,776 |  |  | 2,007,140 |  |
Non-current | 165,077 |  |  | 26,301 |  |
| 2,745,853 |  |  | 2,033,441 |  |
(i) |  | Unbilled revenue refers to the part of the gas supply in the month, whose measurement and billing have not yet been carried out.
Summary of Ageing analysis of Trade Receivables | The aging of trade receivables is as follows:
| December 31, 2021 |  |  | December 31, 2020 |  |
Not overdue | 2,484,633 |  |  | 1,814,202 |  |
Overdue: |  |  |  |  |  |
From 1 to 30 days | 206,244 |  |  | 166,467 |  |
From 31 to 60 days | 21,130 |  |  | 23,169 |  |
From 61 to 90 days | 22,351 |  |  | 14,156 |  |
More than 90 days | 126,547 |  |  | 151,471 |  |
Expected credit losses | (115,052 | ) |  | (136,024 | ) |
| 2,745,853 |  |  | 2,033,441 |  |
Summary of Changes in Allowance for Doubtful Accounts | Changes in the expected credit losses are as follows:
At January 1, 2020 | (120,407 | ) |
Provision / reversal | (39,187 | ) |
Write-off | 23,570 |  |
At December 31, 2020 | (136,024 | ) |
Provision / reversal | (10,762 | ) |
Foreign exchange | (340 | ) |
Write-off | 32,074 |  |
At December 31, 2021 | (115,052 | ) |
Schedule of other financial assets | The balance of other financial assets is composed as following:
| December 31, 2021 |  |  | December 31, 2020 |
Tellus and Janus shares (i) | 319,727 |  |  | — |
Other financial assets (ii) | 466 |  |  | 69,126 |
| 320,193 |  |  | 69,126 |
Current | 466 |  |  | 69,126 |
Non-current | 319,727 |  |  | — |
| 320,193 |  |  | 69,126 |
(i) |  | The subsidiary Radar Propriedades Agrícola S.A. holds investments in preferred shares issued by its related parties Tellus Brasil Participações S.A. (“Tellus”) and Janus Brasil Participações S.A. (“Janus”), which also buy, sell and rent investment properties. These investments represent 5% of the preferred shares issued by the Tellus and Janus companies. The Company and the other shareholders are entitled to receive 90% of the proposed annual dividends. Investments are redeemable when the entities sell the investment properties, which are valued on a quarterly basis, according to fair market value. Securities are classified as financial instruments at fair value through other comprehensive income.
(ii) |  | On March 31, 2020, Cosan Lubes Investments Limited (“CLI”) received R$ 65,478 due to the satisfaction of the precedent conditions on December 31, 2019, as provided for in the investment agreement between the Company and CVC Fund VII (“CVC”). On April 15, 2021, the updated amount of R$ 69,155 was paid, according to the line “Receipt of consideration asset” in the cash flow.
Summary of Receivables from and Payables to Related Parties | a) Summary of balances with related parties
| December 31, 2021 |  |  | December 31, 2020 |  |
Current assets |  |  |  |  |  |
Corporate / agreement operations |  |  |  |  |  |
Raízen Energia S.A.(i) | 38,710 |  |  | 73,913 |  |
Termag - Terminal Marítimo de Guarujá S.A. | 14,286 |  |  | — |  |
Aguassanta Participações S.A. | 2,956 |  |  | 837 |  |
Raízen S.A.(i) | 15,489 |  |  | 11,171 |  |
Other | 361 |  |  | 17,171 |  |
| 71,802 |  |  | 103,092 |  |
Financial operations |  |  |  |  |  |
Raízen Energia S.A.(i) | 8,933 |  |  | — |  |
Raízen S.A.(i) | 45 |  |  | — |  |
Rio Minas Mineração S.A. | 17,500 |  |  | — |  |
Aguassanta Participações S.A.(ii) | — |  |  | 576,957 |  |
| 26,478 |  |  | 576,957 |  |
Total current assets | 92,280 |  |  | 680,049 |  |
Non-current assets |  |  |  |  |  |
Corporate / agreement operations |  |  |  |  |  |
Raízen S.A.(i) | 47,732 |  |  | 45,895 |  |
Termag - Terminal Marítimo de Guarujá S.A. | 64,286 |  |  | — |  |
Other | — |  |  | 48,571 |  |
| 112,018 |  |  | 94,466 |  |
Preferred shares |  |  |  |  |  |
Raízen Energia S.A.(i) | 205,958 |  |  | 155,175 |  |
Other | 235 |  |  | — |  |
| 206,193 |  |  | 155,175 |  |
Total non-current assets | 318,211 |  |  | 249,641 |  |
Total assets | 416,491 |  |  | 929,690 |  |
Current liabilities |  |  |  |  |  |
Corporate / agreement operations |  |  |  |  |  |
Raízen Energia S.A.(i) | 50,289 |  |  | 146,722 |  |
Raízen S.A.(i) | 171,084 |  |  | 154,366 |  |
Other | 6,365 |  |  | 1,158 |  |
| 227,738 |  |  | 302,246 |  |
Financial operations |  |  |  |  |  |
Raízen S.A.(i) | 11,959 |  |  | — |  |
Raízen Energia S.A.(i) | 47,912 |  |  | 4,834 |  |
| 59,871 |  |  | 4,834 |  |
Total liabilities | 287,609 |  |  | 307,080 |  |
(i) | Current and non-current assets receivable from Raízen Energia and Raízen S.A. are, primarily, tax credits which will be reimbursed to the Company when realized. The preferred shares are used to Raízen reimburse Cosan, with preferential dividends, when the net operating loss is consumed in Raízen. Current liabilities represent reimburse to Raízen Energia and Raízen S.A. related to expenses regarding legal disputes and other liabilities, generated before the formation of joint ventures, which are responsibility of Cosan S.A.
(ii) | On December 11, 2020, the Company disposed of 13,021,744 shares that were held in treasury to Aguassanta Investimentos S.A. (“Aguassanta”) paid on January 8, 2021.
Summary of Related Party Transactions | b) Related party transactions
| December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |  |
Revenue |  |  |  |  |  |  |  |  |
Raízen International Universal Corporation | — |  |  | 5,143 |  |  | — |  |
Raízen Energia | 469,053 |  |  | 483,934 |  |  | 298,980 |  |
Raízen S.A. | 210,447 |  |  | 186,359 |  |  | 221,369 |  |
Other | — |  |  | 268 |  |  | 7,010 |  |
| 679,500 |  |  | 675,704 |  |  | 527,359 |  |
Purchase of goods / inputs / services |  |  |  |  |  |  |  |  |
Raízen Energia | (32,153 | ) |  | (6,160 | ) |  | (7,010 | ) |
Raízen S.A. | (1,543,917 | ) |  | (1,130,531 | ) |  | (1,240,781 | ) |
Other | — |  |  | (939 | ) |  | — |  |
| (1,576,070 | ) |  | (1,137,630 | ) |  | (1,247,791 | ) |
Shared expense |  |  |  |  |  |  |  |  |
Raízen Energia | (73,831 | ) |  | (81,018 | ) |  | (71,978 | ) |
| (73,831 | ) |  | (81,018 | ) |  | (71,978 | ) |
Financial result |  |  |  |  |  |  |  |  |
Usina Santa Luiza S.A. | — |  |  | — |  |  | (41 | ) |
Raízen Energia | 139 |  |  | 4 |  |  | — |  |
Raízen S.A. | 4,798 |  |  | 6,341 |  |  | 5,729 |  |
Other | — |  |  | 47 |  |  | (5 | ) |
| 4,937 |  |  | 6,392 |  |  | 5,683 |  |
Total | (965,464 | ) |  | (536,552 | ) |  | (786,727 | ) |
Summary of Officers' and Directors' Compensation |
| December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |  |
Short-term benefits to officers and directors | 177,405 |  |  | 102,250 |  |  | 88,440 |  |
Share-based payment transactions | 68,209 |  |  | 15,441 |  |  | 16,823 |  |
Long-term benefits to officers and directors | 5,863 |  |  | — |  |  | — |  |
Post-employment benefits | 750 |  |  | 1,045 |  |  | 728 |  |
| 252,227 |  |  | 118,736 |  |  | 105,991 |  |
Summary of Carrying Amounts of Loans, Borrowings and Debentures |
Description |  | Index |  | Annual interest rate |  | December 31, 2021 |  |  | December 31, 2020 |  |  | Maturity |  | Objective
Secured |  |  |  |  |  |  |  |  |  |  |  |  |  |
BNDES |  | URTJLP |  | 7.49% |  | 2,598,623 |  |  | 3,321,839 |  |  | Dec-2029 |  | Investment
|  | Fixed |  | 5.69% |  | 461,756 |  |  | 647,435 |  |  | Jan-2025 |  | Investment
|  | IPCA |  | 7.46% |  | — |  |  | 796 |  |  | Nov-2021 |  | Investment
|  | IPCA |  | 11.08% |  | 646,624 |  |  | — |  |  | Jan-2048 |  | Investment
|  | Fixed |  | 3.50% |  | 727 |  |  | 1,077 |  |  | Jan-2024 |  | Investment
|  | URTJLP |  | 10.34% |  | — |  |  | 396 |  |  | Mar-2022 |  | Investment
|  | IPCA + 3.25% |  | 13.60% |  | 945,663 |  |  | 807,438 |  |  | Apr-2029 |  | Investment
|  | IPCA + 4.10% |  | 14.53% |  | 154,843 |  |  | 175,374 |  |  | Apr-2029 |  | Investment
Export credit agreement |  | Euribor + 0.58% |  | 0.58% |  | 95,460 |  |  | 104,108 |  |  | Sep-2026 |  | Investment
|  | CDI + 1.03% |  | 10.79% |  | 86,707 |  |  | — |  |  | Feb-2023 |  | Investment
|  | CDI + 2.25% |  | 12.28% |  | 60,700 |  |  | — |  |  | May-2026 |  | Investment
|  | CDI + 0.80% |  | 10.02% |  | 515,928 |  |  | — |  |  | Dec-2023 |  | Investment
Resolution 4,131 |  | U.S.$ |  | 0.90% |  | 148,932 |  |  | — |  |  | Nov-2022 |  | Working Capital
Debentures |  | CDI + 1.79% |  | 11.10% |  | 753,770 |  |  | — |  |  | Jun-2027 |  | Investment
|  | CDI + 1.30% |  | 10.57% |  | 746,725 |  |  | — |  |  | Oct-2027 |  | Investment
|  | IPCA + 4.77% |  | 15.27% |  | 694,898 |  |  | — |  |  | Jun-2031 |  | Investment
European investment bank |  | U.S.$ + Libor 6-month + 0.54% |  | 0.80% |  | — |  |  | 30,817 |  |  | May-2021 |  | Investment
|  | U.S.$ + Libor 6-month + 0.61% |  | 0.80% |  | — |  |  | 57,813 |  |  | Sep-2021 |  | Investment
|  |  |  |  |  | 7,911,356 |  |  | 5,147,093 |  |  |  |  |
Unsecured |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign loans |  | GBP + Libor 6-month + 1.50% |  | 1.68% |  | — |  |  | 143,039 |  |  | Jul-2021 |  | Working capital
|  | GBP | Fixed |  | 1.40% |  | 37,674 |  |  | 35,556 |  |  | Nov-2022 |  | Working capital
|  | GBP + Libor 6-month + 1.10% |  | 1.17% |  | — |  |  | 142,091 |  |  | Dec-2021 |  | Acquisition
|  | GBP + Libor 6-month + 1.50% |  | 1.92% |  | 263,501 |  |  | 248,666 |  |  | Dec-2022 |  | Acquisition
|  | EUR | Fixed |  | 4.42% |  | 857 |  |  | 2,095 |  |  | Sep-2022 |  | Investment
|  | GBP | Fixed |  | 1.90% |  | 150,649 |  |  | — |  |  | Dec-2023 |  | Investment
Export credit notes |  | CDI + 1.03% |  | 3.12% |  | — |  |  | 82,185 |  |  | Feb-2023 |  | Investment
|  | CDI + 0.80% |  | 2.72% |  | — |  |  | 505,061 |  |  | Dec-2023 |  | Investment
|  | CDI + 3.05% |  | 5.01% |  | — |  |  | 208,464 |  |  | Mar-2021 |  | Investment
|  | CDI + 3.15% |  | 5.11% |  | — |  |  | 468,516 |  |  | Mar-2021 |  | Investment
Resolution 4,131 |  | U.S.$ | Fixed |  | 1.60% |  | — |  |  | 483,625 |  |  | Nov-2022 |  | Working capital
|  | CDI |  | 4.60% |  | — |  |  | 206,908 |  |  | Apr-2021 |  | Working capital
|  | U.S.$ + 3.67% |  | 3.67% |  | 438,823 |  |  | 415,232 |  |  | May-2023 |  | Investment
|  | U.S.$ + 1.59% |  | 1.59% |  | — |  |  | 388,912 |  |  | Apr-2021 |  | Investment
|  | U.S.$ + 1.36% |  | 1.36% |  | 414,378 |  |  | — |  |  | Feb-2024 |  | Investment
Banking credit certificates |  | IPCA + 0.81% |  | 5.31% |  | — |  |  | 239,068 |  |  | Jan-2048 |  | Working capital
Perpetual Notes |  | U.S.$ |  | 8.25% |  | 2,825,420 |  |  | 2,631,100 |  |  | Nov-2040 |  | Acquisition
Senior Notes Due 2023 |  | U.S.$ | Fixed |  | 5.00% |  | 685,550 |  |  | 569,466 |  |  | Mar-2023 |  | Acquisition
Senior Notes Due 2024 |  | U.S.$ | Fixed |  | 7.38% |  | — |  |  | 4,514,289 |  |  | Feb-2024 |  | Acquisition
Senior Notes Due 2024 |  | U.S.$ | Fixed |  | 5.95% |  | — |  |  | 1,232,844 |  |  | Sep-2024 |  | Acquisition
Senior Notes Due 2025(i) |  | U.S.$ | Fixed |  | 5.88% |  | 2,981,335 |  |  | 3,067,359 |  |  | Jan-2025 |  | Acquisition
Senior Notes Due 2027 |  | U.S.$ | Fixed |  | 7.00% |  | 4,305,928 |  |  | 4,379,812 |  |  | Jan-2027 |  | Acquisition
Senior Notes Due 2028(ii) |  | U.S.$ | Fixed |  | 5.25% |  | 2,700,621 |  |  | 2,640,840 |  |  | Jan-2028 |  | Acquisition
Senior Notes Due 2029 |  | U.S.$ | Fixed |  | 5.50% |  | 4,226,142 |  |  | 3,932,483 |  |  | Sep-2029 |  | Acquisition
Senior Notes Due 2032(iii) |  | U.S.$ | Fixed |  | 4.20% |  | 2,800,716 |  |  | — |  |  | Jan-2032 |  | Acquisition
Prepayment |  | Libor 3-month + 3.50% |  | 5.57% |  | — |  |  | 27,129 |  |  | Mar-2021 |  | Working capital
|  | Libor 3-month + 1.00% |  | 1.59% |  | 111,955 |  |  | 104,318 |  |  | Nov-2021 |  | Working capital
|  | 1.27% Base 360 |  | 1.27% |  | 166,355 |  |  | — |  |  | Jul-2023 |  | Working capital
Bank overdrafts |  | 125.5% of CDI |  | 5.53% |  | — |  |  | 4,318 |  |  | Jan-2020 |  | Working capital
Debentures |  | IPCA + 4.68% |  | 15.17% |  | 543,752 |  |  | 595,847 |  |  | Feb-2026 |  | Investment
|  | IPCA + 4.50% |  | 14.97% |  | 1,483,873 |  |  | 739,202 |  |  | Feb-2029 |  | Investment
|  | IPCA + 3.60% |  | 11.53% |  | 361,862 |  |  | — |  |  | Sep-2020 |  | Investment
|  | CDI + 2.65% |  | 12.04% |  | 1,858,837 |  |  | 1,740,551 |  |  | Aug-2025 |  | Investment
|  | IPCA + 6.80% |  | 17.50% |  | 891,972 |  |  | 803,745 |  |  | Apr-2030 |  | Investment
|  | IPCA + 3.90% |  | 14.31% |  | 1,018,844 |  |  | 1,025,777 |  |  | Oct-2029 |  | Investment
|  | IPCA + 5.73% |  | 16.33% |  | 505,584 |  |  | — |  |  | Oct-2033 |  | Investment
|  | IPCA + 4.00% |  | 8.53% |  | — |  |  | 255,501 |  |  | Oct-2029 |  | Investment
|  | IPCA + 4.00% |  | 14.42% |  | 952,671 |  |  | — |  |  | Dec-2035 |  | Investment
|  | IPCA + 4.54% |  | 15.02% |  | 126,668 |  |  | — |  |  | Jun-2036 |  | Investment
|  | IPCA + 7.48% |  | 18.25% |  | 165,478 |  |  | 299,524 |  |  | Dec-2022 |  | Investment
|  | IPCA + 7.36% |  | 18.12% |  | 108,451 |  |  | 97,956 |  |  | Dec-2025 |  | Investment
|  | IPCA + 5.87% |  | 16.48% |  | 873,474 |  |  | 890,658 |  |  | Dec-2023 |  | Investment
|  | IPCA + 4.33% |  | 14.79% |  | 501,278 |  |  | 452,457 |  |  | Oct-2024 |  | Investment
|  | IGPM + 6.10% |  | 12.11% |  | 352,235 |  |  | 298,706 |  |  | May-2028 |  | Investment
|  | CDI + 0.50% |  | 9.70% |  | 2,033,161 |  |  | 2,007,848 |  |  | Oct-2022 |  | Investment
|  | CDI + 1.95% |  | 11.28% |  | 717,651 |  |  | — |  |  | Aug-2024 |  | Investment
|  | IPCA + 5,12% |  | 15.66% |  | 484,974 |  |  | — |  |  | Aug-2031 |  | Investment
|  | IPCA + 5,22% |  | 15.77% |  | 477,578 |  |  | — |  |  | Aug-2036 |  | Investment
|  | CDI + 1.65% |  | 7.90% |  | 774,215 |  |  | — |  |  | Aug-2028 |  | Working capital
|  | CDI + 2.00% |  | 11.33% |  | 930,301 |  |  | — |  |  | Aug-2031 |  | Working capital
|  | IPCA + 5.75% |  | 16.35% |  | 374,761 |  |  | — |  |  | Aug-2031 |  | Working capital
Working capital |  | CDI + 2.75% |  | 10.90% |  | 100,157 |  |  | 100,045 |  |  | Jun-2022 |  | Working capital
Promissory notes |  | CDI + 3.00% |  | 12.33% |  | — |  |  | 601,058 |  |  | Apr-2021 |  | Investment
|  | CDI + 3.40% |  | 12.73% |  | — |  |  | 520,116 |  |  | Apr-2021 |  | Investment
|  |  |  |  |  | 37,747,681 |  |  | 37,102,367 |  |  |  |  |
Total |  |  |  |  |  | 45,659,037 |  |  | 42,249,460 |  |  |  |  |
Current |  |  |  |  |  | 4,241,368 |  |  | 4,929,069 |  |  |  |  |
Non-current |  |  |  |  |  | 41,417,669 |  |  | 37,320,391 |  |  |  |  |
Summary of Non-current Borrowings | Non-current borrowings are scheduled to fall due as follows:
| December 31, 2021 |  |  | December 31, 2020 |  |
13 to 24 months | 4,339,743 |  |  | 3,759,874 |  |
25 to 36 months | 2,968,458 |  |  | 3,667,857 |  |
37 to 48 months | 4,029,690 |  |  | 7,480,137 |  |
49 to 60 months | 984,015 |  |  | 4,298,007 |  |
61 to 72 months | 6,902,914 |  |  | 640,000 |  |
73 to 84 months | 4,701,952 |  |  | 5,427,729 |  |
85 to 96 months | 6,595,854 |  |  | 4,023,694 |  |
Thereafter | 10,895,043 |  |  | 8,023,093 |  |
| 41,417,669 |  |  | 37,320,391 |  |
Summary of carrying amounts of loans, borrowings and debentures are denominated by currencies | The carrying amounts of loans, borrowings and debentures are denominated in the following currencies:
| December 31, 2021 |  |  | December 31, 2020 |  |
Brazilian reais | 23,304,742 |  |  | 17,022,405 |  |
U.S. dollar | 21,806,154 |  |  | 24,551,500 |  |
British pound | 451,824 |  |  | 569,352 |  |
Euro | 96,317 |  |  | 106,203 |  |
| 45,659,037 |  |  | 42,249,460 |  |
Schedule of movements in loans, borrowings and debentures | Below are the movements in loans, borrowings and debentures occurred for the year ended December 31, 202 1:
At January 1, 2020 | 29,052,215 |  |
Proceeds | 10,336,257 |  |
Repayment of principal | (3,397,060 | ) |
Payment of interest | (1,782,976 | ) |
Interest, exchange rate and fair value | 8,041,024 |  |
At December 31, 2020 | 42,249,460 |  |
Proceeds | 12,548,547 |  |
Repayment of principal | (9,925,067 | ) |
Payment of interest | (2,321,868 | ) |
Interest, exchange rate and fair value | 3,107,965 |  |
At December 31, 2021 | 45,659,037 |  |
Schedule Required to Comply Financial Covenants | Under the terms of the major borrowing facilities, the Company is required to comply with the following financial covenants:
Debt |  | Triggers |  | Ratios |
Debenture 1st issue - Cosan S.A. |  |  |  | 2.26 |
Resolution 4,131 - Comgás |  |  |  | 1.59 |
BNDES - Comgás |  | Net debt(i)/EBITDA(ii) cannot exceed 4.00 |  |
Debentures of 5th to 8th issues – Comgás |  |  |  |
Debenture of 4th issue – Comgás |  | Short-term indebtedness/Total indebtedness(iii) cannot exceed 0.6 |  | 0.34 |
Senior Notes Due 2027 – Cosan S.A. |  | Net debt pro forma(iv)/EBITDA pro forma(ii | iv) not higher than or equal to 3.5 |  | 2.11 |
Senior Notes Due 2029 – Cosan S.A. |  |
Senior Notes Due 2025 – Rumo |  | Net debt(i)/EBITDA(ii) not higher than or equal to 3.3 |  | 2.79 |
BNDES – Rumo |  | EBITDA/Consolidated financial result(v) not higher than or equal to 2.0 |  | 4.91 |
(i) | Net debt consists of current and non-current debt, net of cash and cash equivalents and marketable securities recorded in these consolidated financial statements. Net debt is a non-GAAP measure.
(ii) | Corresponds to the accumulated EBITDA of the last twelve months.
(iii) | Indebtedness means the sum of current and noncurrent loans, financing and debentures, leases and current and noncurrent derivative financial instruments.
(iv) | Net debt and EBITDA pro forma, including joint ventures financial information. Net debt and EBITDA pro forma are a non-GAAP measure
(v) | The consolidated financial result of the debt is represented by the cost of the consolidated net debt.
Summary of lease liabilities | The balance sheet shows the following amounts relating to lease liabilities:
At January 1, 2020 | 4,594,888 |
Additions | 3,531,470 |
Interest | 606,529 |
Transfer between liabilities(i) | (111,737 | )
Repayment of principal | (5,424,917 | )
Payment of interest | (500,922 | )
Monetary adjustment | 306,536 |
At December 31, 2020 | 3,001,847 |
Business Combination (note 9.3) | 3,281 |
Additions | 142,562 |
Interest | 426,313 |
Transfer between liabilities(i) | (54,139 | )
Repayment of principal | (461,040 | )
Payment of interest | (165,301 | )
Monetary adjustment | 374,155 |
At December 31, 2021 | 3,267,678 |
Current | 405,820 |
Non-current | 2,861,858 |
(i) Transfer of railroad concession payable to lease (Note 13).
Summary of impacts on income during the year that were recorded for other lease agreements that were not included in the measurement of lease liabilities | In addition to the payment and appropriation of interest and exchange variation highlighted in the previous tables, the following impacts on income were recorded for other lease agreements that were not included in the measurement of lease liabilities:
| December 31, 202 1 |  |  | December 31, 2020 |  |  | December 31, 2019 |
Variable lease payments not included in the measurement of lease liabilities | 35,482 |  |  | 24,045 |  |  | 10,691 |
Expenses relating to short-term leases | 30,507 |  |  | 34,101 |  |  | 37,143 |
Expenses relating to leases of low-value assets excluding short-term leases of low-value assets | 978 |  |  | 1,547 |  |  | 348 |
| 66,967 |  |  | 59,693 |  |  | 48,182 |
Summary of carrying amounts of trade payables | The carrying amounts of trade payables are the same as their fair values, due to their short-term nature. Trade payables are generally paid within 30 days of recognition.
| December 31, 2021 |  |  | December 31, 2020 |
Materials and service suppliers | 1,847,222 |  |  | 1,675,553 |
Natural gas and transportation suppliers | 1,314,946 |  |  | 780,141 |
Electricity and transportation suppliers | 74,893 |  |  | 141,418 |
Fuels and lubricants suppliers | 118 |  |  | 727 |
Other | 16,325 |  |  | 32,215 |
| 3,253,504 |  |  | 2,630,054 |
Schedule of changes in net sector financial asset (liability) | The changes in net sector financial asset (liability) for the year ended December 31, 2021, were as follows:
| Sectorial assets |  |  | Sectorial liabilities |  |  | Total |  |
At January 01, 2020 | — |  |  | — |  |  | — |  |
Cost of gas (i) | 201,346 |  |  | — |  |  | 201,346 |  |
Tax credits (ii) | — |  |  | (565,911 | ) |  | (565,911 | ) |
Interest (iii) | 13,458 |  |  | — |  |  | 13,458 |  |
Other revenue (iv) | 26,945 |  |  | — |  |  | 26,945 |  |
At December 31, 2020 | 241,749 |  |  | (565,911 | ) |  | (324,162 | ) |
Cost of gas (i) | 228,153 |  |  | — |  |  | 228,153 |  |
Tax credits (ii) | — |  |  | (542,962 | ) |  | (542,962 | ) |
Interest (iii) | 19,699 |  |  | (263,410 | ) |  | (243,711 | ) |
Other revenue (iv) | 68,709 |  |  | — |  |  | 68,709 |  |
At December 31, 2021 | 558,310 |  |  | (1,372,283 | ) |  | (813,973 | ) |
(i) |  | Refers to the cost of gas purchased higher than that contained in the tariffs, 100% classified in current assets, since ARSESP's resolution provides for tariff recovery on a quarterly basis for the industrial segment, which is a substantial part of the volume of gas distributed by the subsidiary Comgás.
(ii) |  | Exclusion of the ICMS from the PIS and COFINS calculation basis.
(iii) |  | Reflect increases in the cost of gas and its transportation cost in accordance with existing gas purchase contracts.
(iv) |  | Corresponding to inflation as measured by the General Market Price Index (Índice Geral de Preços – Mercado), or “IGP-M,” for the residential and commercial segments.
Summary of Derivative Financial Instruments | The impact of the hedging instruments on the consolidated statement of financial position is, as follows:
| Notional |  |  | Fair value |  |
| December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2021 |  |  | December 31, 2020 |  |
Exchange rate derivatives |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements(i) | 3,313,428 |  |  | 1,656,489 |  |  | 21,305 |  |  | (10,227 | ) |
Electricity derivatives |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements(ii) | 1,407,476 |  |  | 1,354,967 |  |  | (248,123 | ) |  | (189,423 | ) |
Fuel derivatives |  |  |  |  |  |  |  |  |  |  |  |
Forward agreements | — |  |  | 13,422 |  |  | — |  |  | (348 | ) |
| 1,407,476 |  |  | 1,368,389 |  |  | (248,123 | ) |  | (189,771 | ) |
Interest rate and exchange rate risk |  |  |  |  |  |  |  |  |  |  |  |
Swap agreements (shares)(iii) | 1,074,113 |  |  | 600,000 |  |  | 270,462 |  |  | 79,950 |  |
Swap agreements (inflation and interest rate)(iv) | 6,590,408 |  |  | 2,229,136 |  |  | 77,913 |  |  | 408,867 |  |
Swap agreements (interest rate)(v) | 3,019,917 |  |  | 3,399,997 |  |  | 154,654 |  |  | 755,355 |  |
Swap agreements (exchange and interest rate)(iv) | 13,223,981 |  |  | 10,405,896 |  |  | 3,380,554 |  |  | 6,650,465 |  |
| 23,908,419 |  |  | 16,635,029 |  |  | 3,883,583 |  |  | 7,894,637 |  |
Total financial instruments |  |  |  |  |  |  | 3,656,765 |  |  | 7,694,639 |  |
Current assets |  |  |  |  |  |  | 194,878 |  |  | 587,894 |  |
Non-current assets |  |  |  |  |  |  | 4,538,048 |  |  | 7,552,806 |  |
Current liabilities |  |  |  |  |  |  | (925,650 | ) |  | (321,890 | ) |
Non-current liabilities |  |  |  |  |  |  | (150,511 | ) |  | (124,171 | ) |
Total |  |  |  |  |  |  | 3,656,765 |  |  | 7,694,639 |  |
(i) |  | The Company and its subsidiaries TRSP and Moove have forward foreign exchange contracts to hedge exposures and expenses in foreign currency.
(ii) |  | The subsidiary Compass Gás e Energia has a portfolio of energy contracts (purchase and sale) aimed at meeting demands and offers for consumption or supply of energy. In addition, there is a portfolio of contracts that comprises forward positions, usually short-term. For this portfolio, there is no purchase commitment with a sales contract.
(iii) |  | During 2021, the Company entered into derivative negotiations, or Total Return Swap, with commercial banks. Under the Total Return Swap, which will have financial settlement, Cosan will receive the return on the variation in the price of CSAN3 shares adjusted by the dividends for the period and will pay annual interest referenced to CDI + Spread. The contracted value of CSAN3 shares with total return swap was 61,983,012 shares and the total initial value is R$1,074,113. Part of these operations are guaranteed by RAIL3 shares of its subsidiary Rumo S.A.. On December 31, the mark-to-market income, recorded in the Company's financial income line, was R$57,704.
(iv) |  | The subsidiary Rumo contracted interest and exchange swap operations, in order to be assets in USD + fixed interest and liabilities as a percentage of CDI. In the interest and inflation swap operations, the Company is active in IPCA + fixed interest and passive in a percentage of the CDI.
(v) |  | The subsidiary Rumo contracted interest and exchange swap operations, in order to be assets in USD + fixed interest and liabilities as a percentage of CDI. In the interest and inflation swap operations, the Company is active in IPCA + fixed interest and passive in a percentage of the CDI.
Summary of designated as hedging instruments |
|  |  |  | Book value |  |  | Accumulated fair value adjustment |
| Notional |  |  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2021 |  |  | December 31, 2020 |
Interest rate hedge |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debenture 3rd issue - 3rd series (Comgás) | — |  |  | — |  |  | — |  |  | — |  |  | 575 |
Debenture 5th issue - single series (Comgás) | 684,501 |  |  | (873,474 | ) |  | (890,658 | ) |  | 17,184 |  |  | (22,040 | )
Debenture 9th issue - 1st series (Comgás) | 500,000 |  |  | (484,974 | ) |  | — |  |  | (484,974 | ) |  | — |
Debenture 9th issue - 2nd series (Comgás) | 500,000 |  |  | (477,578 | ) |  | — |  |  | (477,578 | ) |  | — |
BNDES Project VIII (i) | 1,000,000 |  |  | (921,949 | ) |  | — |  |  | (921,949 | ) |  | — |
Debenture (Rumo) | 5,530,408 |  |  | (5,359,574 | ) |  | (1,281,278 | ) |  | 149,491 |  |  | (239,437 | )
Senior notes 2023 (Cosan Luxembourg) | — |  |  | — |  |  | (569,466 | ) |  | (188,083 | ) |  | (237,050 | )
Debt | 8,214,909 |  |  | (8,117,549 | ) |  | (2,741,402 | ) |  | (1,905,909 | ) |  | (497,952 | )
Derivative financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debenture 3rd issue - 3rd series (Comgás) | — |  |  | — |  |  | — |  |  | — |  |  | 862 |
Debenture 5th issue - single series (Comgás) | (684,501 | ) |  | (189,928 | ) |  | 211,741 |  |  | (401,669 | ) |  | 10,731 |
Debenture 9th issue - 1st series (Comgás) | (500,000 | ) |  | 5,776 |  |  | — |  |  | 5,776 |  |  | — |
Debenture 9th issue - 2nd series (Comgás) | (500,000 | ) |  | 12,939 |  |  | — |  |  | 12,939 |  |  | — |
BNDES Project VIII (i) | (1,000,000 | ) |  | 51,220 |  |  | — |  |  | 51,220 |  |  | — |
Debenture (Rumo) | (5,556,236 | ) |  | (75,806 | ) |  | 176,693 |  |  | (196,959 | ) |  | 183,595 |
Senior swaps notes 2023 (Cosan Luxembourg) | — |  |  | — |  |  | 392,899 |  |  | 10,057 |  |  | (42,532 | )
Derivative | (8,240,737 | ) |  | (195,799 | ) |  | 781,333 |  |  | (518,636 | ) |  | 152,656 |
Total | (25,828 | ) |  | (8,313,348 | ) |  | (1,960,069 | ) |  | (2,424,545 | ) |  | (345,296 | )
(i) |  | In the subsidiary Comgás, the exposure of the BNDES Project VIII debt is substantially protected by the hedge contracted in July 2021, with a portion of less than 3% not protected and for practical purposes its segregation at amortized cost becomes irrelevant.
Schedule of fair value option of financial instruments | The Company chose to designate the protected liabilities (hedge objects) to record at fair value through profit or loss.
|  |  |  |  |  | Book value |  |  | Accumulated fair value adjustment |  |
|  |  | Notional |  |  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2021 |  |  | December 31, 2020 |  |
Exchange rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Objects |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior Notes 2027 | US$+7.0% |  | (3,627,325 | ) |  | (4,305,928 | ) |  | (4,379,812 | ) |  | 313,052 |  |  | (349,181 | ) |
Export Credit Agreement | EUR + 0.58% |  | (100,198 | ) |  | (95,460 | ) |  | — |  |  | (1,337 | ) |  | — |  |
Resolution 4,131 (Rumo) | US$ + 2.20% |  | (220,000 | ) |  | (148,932 | ) |  | — |  |  | 4,412 |  |  | — |  |
EIB 3ª Tranche | US$ + LIBOR 6M + 0.54% |  | — |  |  | — |  |  | (30,817 | ) |  | — |  |  | 156 |  |
EIB 4ª Tranche | US$ + LIBOR 6M + 0.61% |  | — |  |  | — |  |  | (57,813 | ) |  | — |  |  | 308 |  |
Resolution 4,131 (Comgás - 2018) | US$ + 3.67% |  | (268,125 | ) |  | (438,823 | ) |  | (415,232 | ) |  | (18,230 | ) |  | (24,247 | ) |
Resolution 4,131 (Comgás - 2020) | US$ + 1.59% |  | — |  |  | — |  |  | (388,912 | ) |  | — |  |  | 1,967 |  |
Resolution 4,131 (Comgás - 2021) | US$ + 1.36% |  | (407,250 | ) |  | (414,378 | ) |  | — |  |  | 5,526 |  |  | — |  |
Total |  |  | (4,622,898 | ) |  | (5,403,521 | ) |  | (5,272,586 | ) |  | 303,423 |  |  | (370,997 | ) |
Derivative instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Swap Notes 2027 | R$ + 126.85% do CDI |  | 3,627,325 |  |  | 2,047,237 |  |  | 2,272,648 |  |  | 45,181 |  |  | 1,320,629 |  |
Inflation and interest rate swaps | R$ + 107% do CDI |  | 100,198 |  |  | 30,535 |  |  | — |  |  | (3,096 | ) |  | — |  |
Inflation and interest rate swaps | R$ + 118% do CDI |  | 220,000 |  |  | 47,527 |  |  | — |  |  | 20,019 |  |  | — |  |
EIB 3rd Tranche | R$ + 88.5% do CDI |  | — |  |  | — |  |  | 21,176 |  |  | 844 |  |  | 24,927 |  |
EIB 4th Tranche | R$ + 81.1% do CDI |  | — |  |  | — |  |  | 39,256 |  |  | 2,583 |  |  | 26,219 |  |
Resolution 4,131 (Comgás - 2018) | R$ + 107.9% do CDI |  | 268,125 |  |  | 168,358 |  |  | 154,627 |  |  | 20,794 |  |  | 117,080 |  |
Resolution 4,131 (Comgás - 2020) | R$ + CDI + 2.75% |  | — |  |  | — |  |  | (6,214 | ) |  | 15,711 |  |  | (12,904 | ) |
Resolution 4,131 (Comgás - 2021) | R$ + CDI + 1.25% |  | 407,250 |  |  | (514 | ) |  | — |  |  | (6,628 | ) |  | — |  |
Derivative total |  |  | 4,622,898 |  |  | 2,293,143 |  |  | 2,481,493 |  |  | 95,408 |  |  | 1,475,951 |  |
Total |  |  | — |  |  | (3,110,378 | ) |  | (2,791,093 | ) |  | 398,831 |  |  | 1,104,954 |  |
|  |  |  |  |  | Book value |  |  | Accumulated fair value adjustment |  |
|  |  | Notional |  |  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2021 |  |  | December 31, 2020 |  |
Interest rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Objects |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debenture (Rumo) | IPCA + 4,68% |  | (500,000 | ) |  | (543,752 | ) |  | — |  |  | 82,474 |  |  | — |  |
Debenture (Rumo) | IPCA + 4,50% |  | (600,000 | ) |  | (676,798 | ) |  | — |  |  | 131,153 |  |  | — |  |
Total |  |  | (1,100,000 | ) |  | (1,220,550 | ) |  | — |  |  | 213,627 |  |  | — |  |
Derivative instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange and interest swap | 107% CDI |  | 500,000 |  |  | 71,375 |  |  | — |  |  | (11,682 | ) |  | — |  |
Foreign exchange and interest swap | 105% CDI |  | 600,000 |  |  | 82,344 |  |  | — |  |  | (41,468 | ) |  | — |  |
Derivative total |  |  | 1,100,000 |  |  | 153,719 |  |  | — |  |  | (53,150 | ) |  | — |  |
Total |  |  | — |  |  | (1,066,831 | ) |  | — |  |  | 160,477 |  |  | —
Summary of Market Value of Senior Notes that are listed on Luxembourg Stock Exchange | The market values of the Senior Notes are listed on the Luxembourg Stock Exchange (Note 6.6) is based on their quoted market price are as follows:
| Company |  | December 31, 2021 |  | December 31, 2020 |
Senior notes 2023 | Cosan Luxembourg S.A. |  | 100.26% |  | 101.02% |
Senior notes 2024 | Rumo Luxembourg S.à r.l. |  | — |  | 104.17% |
Senior notes 2024 | Cosan Limited |  | — |  | 103.22% |
Senior notes 2025 | Rumo Luxembourg S.à r.l. |  | 103.04% |  | 105.96% |
Senior notes 2027 | Cosan Luxembourg S.A. |  | 103.79% |  | 108.20% |
Senior notes 2028 | Rumo Luxembourg S.à r.l. |  | 103.42% |  | 108.75% |
Senior notes 2029 | Cosan S.A. |  | 104.39% |  | 110.05% |
Senior notes 2032 | Rumo Luxembourg S.à r.l. |  | 94.34% |  | — |
Perpetual notes | Cosan Luxembourg S.A. |  | 102.17% |  | 102.88% |
Summary of carrying amounts and fair value of financial assets and financial liabilities | The carrying amounts and fair value of financial assets and financial liabilities are as follows:
|  |  | Carrying amount |  |  | Assets and liabilities measured at fair value |
|  |  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2021 |  |  | December 31, 2020 |  |
| Note |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Level 1 |  |  | Level 2 |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment funds | 6.1 |  | 8,103,713 |  |  | 2,155,446 |  |  | — |  |  | 8,103,713 |  |  | — |  |  | — |  |  | 2,155,446 |  |
Marketable securities | 6.2 |  | 4,388,007 |  |  | 3,669,109 |  |  | — |  |  | 4,388,007 |  |  | — |  |  | — |  |  | 3,669,109 |  |
Other financial assets |  |  | 320,193 |  |  | 69,126 |  |  | — |  |  | 320,193 |  |  | — |  |  | 69,126 |  |  | — |  |
Investment properties |  |  | 3,886,696 |  |  | — |  |  | — |  |  | — |  |  | 3,886,696 |  |  | — |  |  | — |  |
Derivate financial instruments | 6.10 |  | 4,732,926 |  |  | 8,140,700 |  |  | — |  |  | 4,732,926 |  |  | — |  |  | — |  |  | 8,140,700 |  |
Total |  |  | 21,431,535 |  |  | 14,034,381 |  |  | — |  |  | 17,544,839 |  |  | 3,886,696 |  |  | 69,126 |  |  | 13,965,255 |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans, borrowings and debentures | 6.6 |  | (45,659,037 | ) |  | (42,249,460 | ) |  | (30,157,655 | ) |  | (20,214,600 | ) |  | — |  |  | (24,971,099 | ) |  | (18,855,850 | ) |
Consideration payable |  |  | — |  |  | (224,787 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | (224,787 | ) |
Derivative financial instruments | 6.10 |  | (1,076,161 | ) |  | (446,061 | ) |  | — |  |  | (1,076,161 | ) |  | — |  |  | — |  |  | (446,061 | ) |
Total |  |  | (46,735,198 | ) |  | (42,920,308 | ) |  | (30,157.655 | ) |  | (21,290,761 | ) |  | — |  |  | (24,971,099 | ) |  | (19,526,428 | ) |
Schedule of exposure to financial risks |
Risk | Exposure arising from | Measurement | Management
Market risk – foreign exchange | (i) Future commercial transactions. (ii) Recognized financial assets and liabilities not denominated in Brazilian reais. | (i) Cash flow forecasting (ii) Sensitivity analysis | Foreign currency.
Market risk – interest rate | Cash and cash equivalents, marketable securities, loans, borrowings and debentures, leases and derivatives. | (i) Sensitivity analysis | Interest rate Swap.
Market risk - prices | (i) Future commercial transactions. | (i) Cash flow forecasting (ii) Sensitivity analysis | Future electric energy price (purchase and sale).
Credit risk | Cash and cash equivalents, marketable securities, restricted cash, trade receivables, derivatives, receivables from related parties and dividends, and investment property | (i) Aging analysis (ii) Credit ratings | Diversification of bank deposits, credit limits and letters of credit.
Liquidity risk | Loans, borrowings and debentures, trade payables, other financial liabilities, tax installments, leases, derivatives, payables to related parties and dividends. | (i) Rolling cash flow forecasts | Availability of committed credit lines and borrowing facilities.
Schedule of net exposure to the exchange rate variations on assets and liabilities denominated in U.S. dollar and Euro | Net exposure to the exchange rate variations on assets and liabilities denominated in U.S. dollar, British pound and Euro:
| December 31, 2021 |  |  | December 31, 2020 |
Cash and cash equivalents | 3,811,598 |  |  | 2,995,284 |
Trade receivables | 93,326 |  |  | 24,619 |
Trade payables | (4,721 | ) |  | (229,750 | )
Loans, borrowings and debentures | (19,640,300 | ) |  | (25,227,055 | )
Leases | (108,365 | ) |  | (99,217 | )
Contingent consideration | (234,960 | ) |  | (224,787 | )
Derivative financial instruments | 21,105,358 |  |  | 17,981,375 |
Foreign exchange exposure, net | 5,021,936 |  |  | (4,779,531 | )
Summary of Sensitivity Analysis on Changes in Foreign Exchange Rates Impact on Profit Loss |
|  |  |  |  |  |  | Variation scenario |
Instrument |  | Risk factor |  | Probable |  |  | 25% |  |  | 50% |  |  | (25)% |  |  | (50)% |
Cash and cash equivalents |  | Currency fluctuation |  | 81,621 |  |  | 1,054,926 |  |  | 2,028,231 |  |  | (891,684 | ) |  | (1,864,989 | )
Trade receivables |  | Currency fluctuation |  | 76,502 |  |  | 100,347 |  |  | 124,191 |  |  | 52,658 |  |  | 28,813 |
Trade payables |  | Currency fluctuation |  | (1,414 | ) |  | (926 | ) |  | (438 | ) |  | (1,902 | ) |  | (2,389) |
Derivative financial instruments |  | Currency fluctuation |  | 2,457,838 |  |  | 3,676,786 |  |  | 6,946,953 |  |  | (2,863,548 | ) |  | (6,133,715 | )
Loans, borrowings and debentures |  | Currency fluctuation |  | (424,712 | ) |  | (7,017,875) |  |  | (13,489,738) |  |  | 5,925,849 |  |  | 12,397,712 |
Leases |  | Currency fluctuation |  | (2,321 | ) |  | (29,992 | ) |  | (57,663 | ) |  | 23,351 |  |  | 53,022 |
Contingent consideration |  | Currency fluctuation |  | 239,993 |  |  | 299,991 |  |  | 359,989 |  |  | 179,995 |  |  | 119,997 |
Impacts on profit or loss |  |  |  | 2,427,507 |  |  | (1,916,743 | ) |  | (4,088,475 | ) |  | 2,424,719 |  |  | 4,598,451 |
Summary of Sensitivity Analysis on Changes in Foreign Exchange Rates | The probable scenario considers the estimated exchange rates, made by a specialized third part, at the due date of the transactions for the companies with functional currency Brazilian reais (positive and negative, before tax effects), as follows:
|  | Exchange rate sensitivity analysis (R$/U.S.$) and (R$/€) |
|  | December 31, 2021 |  |  | Scenario |
|  | Probable |  |  | 25% |  |  | 50% |  |  | (25)% |  |  | (50)% |
U.S.$ |  | 5.5805 |  |  | 5.7000 |  |  | 7.1250 |  |  | 8.5500 |  |  | 4.2750 |  |  | 2.8500 |
€ |  | 6.3210 |  |  | 6.5550 |  |  | 8.1938 |  |  | 9.8325 |  |  | 4.9163 |  |  | 3.2775 |
£ |  | 7.5242 |  |  | 7.9230 |  |  | 9.9038 |  |  | 11.8845 |  |  | 5.9423 |  |  | 3.9615 |
Summary of sensitivity analysis on interest rates on loans and borrowings which impacts on profit or loss | A sensitivity analysis on the interest rates on loans and borrowings in compensation for the CDI investments with pre-tax increases and decreases of 25% and 50% is presented below:
|  |  |  |  | Variation scenario |
Exposure interest rate |  | Probable |  |  | 25% |  |  | 50% |  |  | (25)% |  |  | (50)% |
Cash and cash equivalents |  | 1,623,771 |  |  | 1,995,927 |  |  | 2,385,014 |  |  | 1,423,642 |  |  | 1,116,070 |
Marketable securities |  | 487,145 |  |  | 598,464 |  |  | 714,627 |  |  | 430,749 |  |  | 340,218 |
Lease and concession in installments |  | (121,902 | ) |  | (152,377 | ) |  | (182,853) |  |  | (91,426 | ) |  | (60,951 | )
Leases |  | (371,433 | ) |  | (371,433 | ) |  | (371,433 | ) |  | (371,433 | ) |  | (371,433 | )
Derivative financial instruments |  | 1,327,786 |  |  | (1,365,311 | ) |  | (2,073,012 | ) |  | 223,066 |  |  | 1,124,171 |
Loans, borrowings and debentures |  | (2,244,669 | ) |  | (2,760,945 | ) |  | (3,184,050 | ) |  | (1,914,734 | ) |  | (1,491,629 | )
Other financial liabilities |  | (71,996 | ) |  | (88,073 | ) |  | (104,151 | ) |  | (55,918 | ) |  | (39,840 | )
Impacts on profit or loss |  | 628,702 |  |  | (2,143,748 | ) |  | (2,815,858 | ) |  | (356,054 | ) |  | 616,606 |
Summary of probable scenario considers the estimated interest rate | The probable scenario considers the estimated interest rate, made by a specialized third party and Central Bank of Brazil (Banco Central do Brasil), or “BACEN,” as follows:
| Probable |  | 25% |  | 50% |  | (25)% |  | (50)%
SELIC | 11.15% |  | 13.94% |  | 16.73% |  | 8.36% |  | 5.58%
CDI | 11.15% |  | 13.94% |  | 16.73% |  | 8.36% |  | 5.58%
TJLP462 (TJLP + 1% p.a.) | 7.60% |  | 9.25% |  | 10.90% |  | 5.95% |  | 4.30%
TJLP | 6.60% |  | 8.25% |  | 9.90% |  | 4.95% |  | 3.30%
IPCA | 4.61% |  | 5.76% |  | 6.91% |  | 3.46% |  | 2.30%
IGPM | 5.19% |  | 6.48% |  | 7.78% |  | 3.89% |  | 2.59%
Libor | 1.16% |  | 1.45% |  | 1.74% |  | 0.87% |  | 0.58%
Fed Funds | 0.90% |  | 1.13% |  | 1.35% |  | 0.68% |  | 0.45%
Schedule of outstanding energy trading operations | Statement of financial position balances referring to outstanding energy trading operations are as follows:
| December 31, 2021 |  |  | December 31, 2020 |
| Assets |  |  | Liabilities |  |  | Net gain |  |  | Assets |  |  | Liabilities |  |  | Net gain |
Electricity trading | 69,576 |  |  | (317,699 | ) |  | (248,123 | ) |  | 96,595 |  |  | (268,018 | ) |  | (189,018 | )
Schedule of sensitivity analysis on price risk of energy trading operations |
|  |  |  | Variation scenario |
| Probable |  |  | 25% |  |  | 50% |  |  | (25)% |  |  | (50)% |
Unrealized loss from electricity trading | (248,123 | ) |  | (244,212 | ) |  | (240,302 | ) |  | (252,034 | ) |  | (255,942 | )
Schedule of projection of settlement of positions, at nominal value of energy trading operations | The projection of settlement of positions, at nominal value, follows the schedule below:
|  | 2022 |  |  | 2023 |  |  | 2024 |  |  | Above 2025 |
Positions to be settled |  | (248,115 | ) |  | (13,822 | ) |  | 1,093 |  |  | 12,721 |
Summary of Credit Risk | The exposure to credit risk was as follows:
| December 31, 2021 |  |  | December 31, 2020 |
Cash and cash equivalents | 16,174,130 |  |  | 13,642,918 |
Trade receivables | 2,745,853 |  |  | 2,033,441 |
Marketable securities | 4,388,007 |  |  | 3,669,109 |
Restricted cash | 58,990 |  |  | — |
Derivative financial instruments | 4,732,926 |  |  | 8,140,700 |
Receivables from related parties | 416,491 |  |  | 929,690 |
Dividends receivable | 519,965 |  |  | 80,755 |
Restricted cash | 320,193 |  |  | 34,562 |
| 29,356,555 |  |  | 28,531,175 |
Summary of Credit Risk Rating |
| December 31, 2021 |  |  | December 31, 2020 |
AAA | 23,080,390 |  |  | 20,878,272 |
AA | 2,239,266 |  |  | 3,991,846 |
BBB | 34,397 |  |  | 617,171 |
| 25,354,053 |  |  | 25,487,289 |
Summary of financial liabilities by due dates based on undiscounted cash flows contracted | The financial assets and liabilities of the Company by due dates (based on undiscounted cash flows contracted) are as follows:
| December 31, 2021 | December 31, 2020 |
| Up to 1 year |  |  | 1 - 2 years |  |  | 3 - 5 years |  |  | More than 5 years |  |  | Total |  |  | Total |
Loans, borrowings and debentures | (5,845,774 | ) |  | (6,628,072 | ) |  | (12,124,037 | ) |  | (32,777,404 | ) |  | (57,375,287 | ) |  | (46,012,176 | )
Trade payables | (3,253,504 | ) |  | — |  |  | — |  |  | — |  |  | (3,253,504 | ) |  | (2,629,734 | )
Other financial liabilities | (726,423 | ) |  | — |  |  | — |  |  | — |  |  | (726,423 | ) |  | (562,763 | )
Tax installments - REFIS | (52,805 | ) |  | (3,453 | ) |  | (1,395 | ) |  | (143,011 | ) |  | (200,664 | ) |  | (203,222 | )
Leases | (413,310 | ) |  | (413,692 | ) |  | (1,133,476 | ) |  | (13,671,334 | ) |  | (15,631,812 | ) |  | (14,348,296 | )
Railway concession payable under litigation | (187,972 | ) |  | (201,876 | ) |  | (198,532 | ) |  | (596,696 | ) |  | (1,185,076 | ) |  | (1,219,188 | )
Payables to related parties | (287,609 | ) |  | — |  |  | — |  |  | — |  |  | (287,609 | ) |  | (315,433 | )
Dividends payable | (799,634 | ) |  | — |  |  | — |  |  | — |  |  | (799,634 | ) |  | (24,238 | )
Derivative financial instruments | (1,064,207 | ) |  | (1,078 | ) |  | 1,380,014 |  |  | 5,998,479 |  |  | 6,313,208 |  |  | 3,988,524 |
Preferred shareholders payable in subsidiaries | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (387,044 | )
| (12,631,238 | ) |  | (7,248,171 | ) |  | (12,077,426 | ) |  | (41,189,966 | ) |  | (73,146,801 | ) |  | (61,713,570 | )

X
- Definition The tabular disclosure of amount due from to related parties. + References No definition available. + Details
Name: | csan_DisclosureOfAmountDueFromToRelatedPartyTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of carrying amounts of loans, borrowings and debentures are denominated by currencies. + References No definition available. + Details
Name: | csan_DisclosureOfCarryingAmountsOfLoansBorrowingsAndDebenturesAreDenominatedByCurrenciesTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of changes in allowance for doubtful accounts of trade receivables. + References No definition available. + Details
Name: | csan_DisclosureOfChangesInAllowanceForDoubtfulAccountsOfTradeReceivablesTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in net sector financial asset and liability. + References No definition available. + Details
Name: | csan_DisclosureOfChangesInNetSectorFinancialAssetAndLiabilityTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | csan_DisclosureOfFinancialAssetsAndLiabilitiesAbstract
Namespace Prefix: | csan_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of financial covenants. + References No definition available. + Details
Name: | csan_DisclosureOfFinancialCovenantsTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of financial investments. + References No definition available. + Details
Name: | csan_DisclosureOfFinancialInvestmentsTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of sensitivity analysis on changes in foreign exchange rates impact on profit loss. + References No definition available. + Details
Name: | csan_DisclosureOfForeignCurrencySensitivityAnalysisImpactOnProfitLossTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of sensitivity analysis on changes in foreign exchange rates. + References No definition available. + Details
Name: | csan_DisclosureOfForeignCurrencySensitivityAnalysisTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of marketable securities and restricted cash. + References No definition available. + Details
Name: | csan_DisclosureOfMarketableSecuritiesAndRestrictedCashTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of movements in loans, borrowings and debentures. + References No definition available. + Details
Name: | csan_DisclosureOfMovementsInLoansBorrowingsAndDebenturesTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of non-current borrowings. + References No definition available. + Details
Name: | csan_DisclosureOfNonCurrentBorrowingsTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of outstanding energy trading operations. + References No definition available. + Details
Name: | csan_DisclosureOfOutstandingEnergyTradingOperationsTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of sensitivity analysis on interest rates on loans and borrowings which impacts on profit or loss. + References No definition available. + Details
Name: | csan_DisclosureOfSensitivityAnalysisOnInterestRatesOnLoansAndBorrowingsWhichImpactsOnProfitOrLossTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of sensitivity analysis on interest rates. + References No definition available. + Details
Name: | csan_DisclosureOfSensitivityAnalysisOnInterestRatesTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of sensitivity analysis on price risk of energy trading operations. + References No definition available. + Details
Name: | csan_DisclosureOfSensitivityAnalysisOnPriceRiskOfEnergyTradingOperationsTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of fair value option of financial instruments. + References No definition available. + Details
Name: | csan_ScheduleOfFairValueOptionOfFinancialInstrumentsTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of lessee's leases cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References No definition available. + Details
Name: | csan_ScheduleOfLeasesCostTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of composition of other financial assets. + References No definition available. + Details
Name: | csan_ScheduleOfOtherFinancialAssetsTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of projection of settlement of positions, at nominal value of energy trading operations. + References No definition available. + Details
Name: | csan_ScheduleOfProjectionOfSettlementOfPositionsAtNominalValueOfEnergyTradingOperationsTableTextBlock
Namespace Prefix: | csan_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Analysis of the age of financial assets that are past due but not impaired. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2023-01-01 -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 37 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_37_a&doctype=Standard&book=b -URIDate 2021-03-24 + Details
Name: | ifrs-full_AnalysisOfAgeOfFinancialAssetsThatArePastDueButNotImpaired
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of borrowings. [Refer: Borrowings] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfBorrowingsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfCashAndCashEquivalentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the credit risk exposure. Credit risk exposure is the credit risk inherent in an entity’s financial assets and commitments to extend credit. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 35M -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_35M&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfCreditRiskExposureExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of debt instruments. [Refer: Debt instruments issued; Debt instruments held] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfDebtSecuritiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of derivative financial instruments. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfDerivativeFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about financial instruments. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 31 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_31&doctype=Standard -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_7&doctype=Standard -URIDate 2021-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 35K -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_35K&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of detailed information about hedging instruments. [Refer: Hedging instruments [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 24A -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_24A&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the effect of changes in foreign exchange rates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 21 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=21&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IAS21_g51-57_TI -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of external credit grades. [Refer: External credit grades [member]] + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2023-01-01 -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph IG24 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_IG24&doctype=Implementation%20Guidance&book=b -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Note Expiry date 2023-01-01 -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 36 -Subparagraph c -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_36_c&doctype=Standard&book=b -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfExternalCreditExposuresExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the fair value of financial instruments. [Refer: Financial instruments, class [member]; At fair value [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfFairValueOfFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information about key management personnel. [Refer: Key management personnel of entity or parent [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2021-01-01 -Section Presentation -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfLeasesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of information that enables users of financial statements to evaluate the nature and extent of risks arising from financial instruments to which the entity is exposed. [Refer: Financial instruments, class [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 31 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_31&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfNatureAndExtentOfRisksArisingFromFinancialInstrumentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of trade and other payables. [Refer: Trade and other payables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfTradeAndOtherPayablesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of transactions between the entity and its related parties. [Refer: Related parties [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2021-01-01 -Paragraph 18 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=24&code=ifrs-tx-2021-en-r&anchor=para_18&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of a maturity analysis for non-derivative financial liabilities (including issued financial guarantee contracts) that shows the remaining contractual maturities. [Refer: Derivative financial liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 7 -IssueDate 2021-01-01 -Paragraph 39 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_39_a&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_MaturityAnalysisForNonderivativeFinancialLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration