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5. FINANCIAL INVESTMENTS

12 Months Ended

Dec. 31, 2020

Financial Investments

FINANCIAL INVESTMENTS

5.	FINANCIAL INVESTMENTS

								Consolidated
		Current				Non Current
		12/31/2020		12/31/2019		12/31/2020		12/31/2019
Investments(1)		478,253		518,553
Usiminas shares(2)		3,305,109		2,114,620
Bonds (3)						123,409		95,719
		3,783,362		2,633,173		123,409		95,719

(1)

These are restricted financial investments and linked to a Bank Deposit Certificate (CDB) to guarantee a letter of guarantee from financial institutions and financial investments in Public Securities (LFT - Letras Financeiras do Tesouro) managed by their exclusive funds.

(2)

Part of the shares guarantees a portion of the Company's debt.

(3)

Bonds with Fibra bank due in February 2028 (see note 22).

Accounting Policy

Short-term investments that are not classified as cash equivalents and are measured at amortized cost and at fair value through profit or loss.