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FINANCIAL INVESTMENTS
 12 Months Ended
Dec. 31, 2022
Financial Investments  
FINANCIAL INVESTMENTS

 

5.FINANCIAL INVESTMENTS

 

               
                Consolidated
    Current   Non-current
    12/31/2022   12/31/2021   12/31/2022   12/31/2021
Investments (1)    271,590     261,673   15,675   15,148
Usiminas shares (2)    1,184,895     2,383,059         
Bonds (3)            140,510    132,523
     1,456,485     2,644,732    156,185    147,671

 

(1)Comprised of 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 of Usiminas Siderúrgica de Minas Gerais S.A. held by the Company guarantees a portion of the Company’s debt.
(3)Bonds with Fibra bank due in February 2028 (see note 22.b).

 

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.