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BORROWINGS AND FINANCING | 12 Months Ended
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Dec. 31, 2022
Borrowings And Financing |
BORROWINGS AND FINANCING |
| 13. | BORROWINGS AND FINANCING
The balances of borrowings and financing that, recorded at amortized cost are as follows:
Schedule of borrowings and financing |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  | Consolidated
|  |  | Current Liabilities |  | Non-current Liabilities
|  |  | 12/31/2022 |  | 12/31/2021 |  | 12/31/2022 |  | 12/31/2021
Foreign Debt |  |  |  |  |  |  |  |  |
Floating Rates: |  |  |  |  |  |  |  |  |
Prepayment |  |  | 1,571,208 |  | 1,626,521 |  | 5,474,359 |  | 3,875,713
Fixed Rates: |  |  |  |  |  |  |  |  |
Bonds, Perpetual bonds, Facility, CCE and ACC |  |  | 1,189,717 |  | 678,239 |  | 16,790,284 |  | 15,380,392
Intercompany |  |  |  |  |  |  |  |  |
Fixed interest in EUR |  |  |  |  |  |  |  |  |
Intercompany |  |  |  |  |  |  |  |  |
Facility |  |  | 62,187 |  | 550,460 |  | 166,302 |  | 79,013
|  |  | 2,823,112 |  | 2,855,220 |  | 22,430,945 |  | 19,335,118
Debt agreements in Brazil |  |  |  |  |  |  |  |  |
Floating Rate Securities in R$: |  |  |  |  |  |  |  |  |
BNDES/FINAME/FINEP, Debentures, NCE and CCB |  |  | 2,446,840 |  | 2,677,516 |  | 13,740,051 |  | 7,886,796
|  |  | 2,446,840 |  | 2,677,516 |  | 13,740,051 |  | 7,886,796
Total Borrowings and Financing |  |  | 5,269,952 |  | 5,532,736 |  | 36,170,996 |  | 27,221,914
Transaction Costs and Issue Premiums |  |  | (76,316) |  | (45,877) |  | (445,890) |  | (201,251)
Total Borrowings and Financing + Transaction cost |  |  | 5,193,636 |  | 5,486,859 |  | 35,725,106 |  | 27,020,663
| 13.a) | Movements of borrowings and financing
The following table shows amortization and funding during the year:
Schedule of movements of borrowings and financing |  |  |  |
|  |  |  | Consolidated
|  | 12/31/2022 |  | 12/31/2021
Opening balance |  | 32,507,522 |  | 35,270,653
New debts |  | 20,248,223 |  | 12,915,332
Repayment |  | (10,782,858) |  | (17,639,178)
Payments of charges |  | (2,315,586) |  | (2,137,782)
Accrued charges (note 29) |  | 2,595,011 |  | 2,140,961
Acquisition of Elizabeth |  |  |  | 372,123
Consolidation of companies |  | 81,978 |  |
Others (1) |  | (1,415,548) |  | 1,585,413
Closing balance |  | 40,918,742 |  | 32,507,522
| (1) | Including unrealized exchange and monetary variations and funding cost.
In 2022, the Company entered into new debt agreements and amortized borrowings and financing as shown below:
Schedule of financial assets group captures and amortized loans |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Consolidated
|  |  |  |  |  |  |  | 12/31/2022
Nature |  | New debts |  | Maturities |  | Repayment |  | Interest payment
Pre-Payment |  | 2,131,171 |  | 2023 to 2032 |  | (467,381) |  | (174,797)
Bonds, ACC, CCE e Facility |  | 9,253,891 |  | 2023 to 2032 |  | (3,471,458) |  | (951,167)
Debentures |  | 7,300,000 |  | 2024 to 2037 |  |  |  |
BNDES/FINAME, Debêntures, NCE e CCB |  | 1,563,161 |  | 2023 to 2025 |  | (6,844,019) |  | (1,189,622)
|  | 20,248,223 |  |  |  | (10,782,858) |  | (2,315,586)
| 13.b) | Maturities of borrowings and financing presented in current and non-current liabilities
Schedule of financial assets maturities of borrowings, financing and debentures |  |  |  |  |  |
|  |  |  |  |  | Consolidated
|  |  |  |  |  | 12/31/2022
|  | Borrowings and financing in foreign currency |  | Borrowings and financing in national currency |  | Total
Average rate |  | in Dollar 5.84%in Euro 3.07% |  | in Real 15.40% |  |
2023 |  | 2,823,112 |  | 2,446,840 |  | 5,269,952
2024 |  | 852,419 |  | 3,022,057 |  | 3,874,476
2025 |  | 2,307,737 |  | 1,151,692 |  | 3,459,429
2026 |  | 2,469,116 |  | 2,170,972 |  | 4,640,088
2027 |  | 796,378 |  | 2,191,107 |  | 2,987,485
2028 to 2031 |  | 12,992,073 |  | 2,687,293 |  | 15,679,366
After 2031 |  | 3,013,222 |  | 2,516,930 |  | 5,530,152
|  | 25,254,057 |  | 16,186,891 |  | 41,440,948
· Covenants The Company debt agreements provide for the fulfillment of certain non-financial obligations, as well as the maintenance of certain parameters and performance indicators, such as disclosure of its audited financial statements according to regulatory deadlines or payment of commission for risk assumption, if the indicator of net debt to EBITDA reaches the levels foreseen in those agreements. As of December 31, 2022, the Company is compliant with the financial and non-financial obligations (covenants) of its existing agreements. Accounting Policy
Borrowings and financing are initially recognized at fair value, net of transaction costs and subsequently measured at amortized cost using the effective interest rate and charges methods. Interest, commissions, and possible financial charges are recorded pro-rata on an accrual basis.

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