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CASH AND CASH EQUIVALENTS
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
CASH AND CASH EQUIVALENTS

 

4.CASH AND CASH EQUIVALENTS

 

       
      Consolidated
  12/31/2023   12/31/2022
Cash and banks      
In Brazil  103,383    85,120
Abroad   10,797,192   6,310,338
    10,900,575   6,395,458
       
Investments      
In Brazil  4,227,916   5,110,749
Abroad  917,727     485,149
   5,145,643   5,595,898
    16,046,218    11,991,356

 

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.