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LEASE LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2021
Lease liabilities are shown below:

Lease liabilities are shown below:

 

       
      Consolidated
  12/31/2021   12/31/2020
Leases 1,790,193   1,623,523
Present value adjustment - Leases  (1,178,642)    (1,093,392)
 Total lease liabilities  611,551    530,131
Classified:      
Current  119,047   93,626
Non-current  492,504    436,505
 Total lease liabilities  611,551    530,131
The movement of lease liabilities is shown in the table below:

The movement of lease liabilities is shown in the table below:

 

      Consolidated
  12/31/2021   12/31/2020
Opening balance             530,131                     474,390
New leases              69,379                      52,835
Present Value Adjustments - New leases               (7,273)                       (6,511)
Contract review             109,860                      63,250
Write-off             (38,626)                       (7,757)
Payments            (114,303)                    (103,648)
Interest appropriated              62,470                      54,236
Exchange variation                    (87)                        3,336
Net balance             611,551                     530,131
As of December 31, 2021, the expected minimum payments are the following:

As of December 31, 2021, the expected minimum payments are the following:

 

              Consolidated
   Less than one year     Between one and five years     Over five years     Total 
 Leases  125,756   418,012    1,246,425    1,790,193
 Present value adjustment - Leases   (6,709)    (122,555)   (1,049,378)   (1,178,642)
  119,047   295,457   197,047   611,551
Lease liabilities were measured at the amount of consideration with suppliers, that is, without considering the tax credits incurred after payment. The potential right of PIS and COFINS embedded in the lease liability is shown below

Lease liabilities were measured at the amount of consideration with suppliers, that is, without considering the tax credits incurred after payment. The potential right of PIS and COFINS embedded in the lease liability is shown below.

 

      Consolidated
  12/31/2021   12/31/2020
Leases          1,777,209                  1,603,100
Present value adjustment - Leases         (1,177,668)                 (1,091,275)
Potencial PIS and COFINS credit             164,392                     148,287
Present value adjustment – Potential PIS and COFINS credit            (108,934)                    (100,943)
The expenses related to payments not included in the measurement of the lease liability during the year are:

The expenses related to payments not included in the measurement of the lease liability during the year are:

 

          Consolidated
  12/31/2021   12/31/2020   12/31/2019
 Contract less than 12 months   339    549   10,819
 Lower Assets value  4,975   9,563   3,853
 Variable lease payments   498,529    270,449    177,460
Total   503,843    280,561    192,132
The Company discloses below the comparative balances of lease liabilities, right to use, financial expenses and depreciation expenses with the use of rates in real terms to discount a present value of flows also in real terms

The Company discloses below the comparative balances of lease liabilities, right to use, financial expenses and depreciation expenses with the use of rates in real terms to discount a present value of flows also in real terms.

 

              Consolidated
      12/31/2021       12/31/2020
  Rate in nominal terms and actual flow   Rate and actual flow in nominal terms   Rate in nominal terms and actual flow   Rate and actual flow in termos nominais
Lease Liability         611,551           909,878           530,131           595,193
Right of net use         581,824           879,812           511,882           547,671
Financial expenses         (58,115)           (94,892)           (50,609)           (63,744)
Depreciation          (62,289)           (84,148)           (57,342)           (59,560)