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4. CASH AND CASH EQUIVALENTS | 12 Months Ended
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Dec. 31, 2020
Cash And Cash Equivalents |
CASH AND CASH EQUIVALENTS |
4. | CASH AND CASH EQUIVALENTS
|  |  | Consolidated
| 12/31/2020 |  | 12/31/2019
Cash and banks |  |  |
In Brazil | 245,185 |  | 42,736
Abroad | 3,899,282 |  | 454,033
| 4,144,467 |  | 496,769
Investments |  |  |
In Brazil | 5,800,119 |  | 531,924
Abroad |  |  | 60,262
| 5,800,119 |  | 592,186
| 9,944,586 |  | 1,088,955
Our investments are basically in private and public securities with yields linked to the variation of Interbank Deposit Certificates (CDI) and repo operations backed by National Treasury Notes respectively. The Company invests part of the funds through exclusive investment funds which have been consolidated in these financial statements. Our investments abroad are in private securities in top-rated banks and are remunerated at pre-fixed rates. Accounting Policy Cash and cash equivalents include cash, bank deposits and other short-term investments of immediate liquidity, redeemable within 90 days of the contracting date, readily convertible into an amount known as cash and with an insignificant risk of changing its market value.

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- 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 2020-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_10_e&doctype=Standard -URIDate 2020-01-01 + Details
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