Finance results (Tables)

12 Months Ended

Dec. 31, 2021

Details of finance income and costs are as follows:

	December 31, 2021		December 31, 2020		December 31, 2019
Cost of gross debt
Interest on debt	(3,162,853	)	(2,148,322	)	(1,626,911	)
Monetary and exchange rate variation	(1,069,157	)	(3,253,446	)	(438,430	)
Derivatives and fair value measurement	2,193,855		3,918,848		764,816
Amortization of borrowing costs	(341,034	)	(58,732	)	(56,397	)
Guarantees and warranties	(52,082	)	(56,079	)	(65,207	)
	(2,431,271	)	(1,597,731	)	(1,422,129	)
Income from financial investment and exchange rate in cash and cash equivalents	600,894		369,690		407,701
Cost of debt, net	(1,830,377	)	(1,228,041	)	(1,014,428	)

Interest on other receivables	411,394		201,060		435,498
Monetary variation of other financial assets	(372	)	—		—
Interest on other payables	(424,946	)	(16,293	)	(302,620	)
Interest on lease liabilities	(407,972	)	(595,482	)	(559,240	)
Interest on shareholders' equity	(8,288	)	(4,959	)	(18,726	)
Interest on contingencies and contracts	(315,620	)	(234,368	)	(222,617	)
Bank charges and other	(96,983	)	(75,408	)	(196,230	)
Foreign exchange, net	115,607		(30,505	)	(89,260	)
	(727,180	)	(755,955	)	(953,195	)
Finance results, net	(2,557,557	)	(1,983,996	)	(1,967,623	)

Reconciliation
Finance expense	(2,527,506	)	(4,727,561	)	(3,690,578	)
Finance income	1,258,441		407,710		974,604
Foreign exchange, net	(1,099,536	)	(3,258,656	)	(526,946	)
Derivatives	(188,956	)	5,594,511		1,275,297
Finance results, net	(2,557,557	)	(1,983,996	)	(1,967,623	)