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CASH AND CASH EQUIVALENTS
 12 Months Ended
Dec. 31, 2021
CASH AND CASH EQUIVALENTS

 

5.CASH AND CASH EQUIVALENTS

 

      Consolidated
  12/31/2021   12/31/2020
Cash and banks      
In Brazil              68,638              245,185
Abroad        10,007,399            3,899,282
Cash and banks         10,076,037            4,144,467
       
Investments      
In Brazil          6,493,832            5,800,119
Abroad              76,611                           
 Total short-term investments          6,570,443            5,800,119
 Cash and cash equivalents        16,646,480            9,944,586

 

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.