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CASH AND CASH EQUIVALENTS
 12 Months Ended
Dec. 31, 2022
Cash and cash equivalents [abstract]  
CASH AND CASH EQUIVALENTS

 

4.CASH AND CASH EQUIVALENTS

 

     
      Consolidated
  12/31/2022   12/31/2021
Cash and banks      
In Brazil  85,120    68,638
Abroad 6,310,338    10,007,399
  6,395,458    10,076,037
       
Investments      
In Brazil 5,110,749   6,493,832
Abroad   485,149    76,611
  5,595,898   6,570,443
   11,991,356    16,646,480

 

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 are in private securities in top-rated banks and are remunerated at pre-fixed rates.

 

Accounting Policy

 

Cash and cash equivalents include cash on hand and in banks and other highly liquid short-term investments redeemable within 90 days from the end of the reporting period, readily convertible into a known amount of cash and subject to an insignificant risk of change in value.