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4. CASH AND CASH EQUIVALENTS
 12 Months Ended
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.