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FINANCIAL INCOME/(EXPENSE)
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
FINANCIAL INCOME/(EXPENSE)

 

28.FINANCIAL INCOME/(EXPENSE)

 

                 
         Consolidated 
    Ref.   12/31/2024   12/31/2023   12/31/2022
Financial income                
 Related parties     22.a     245,336    225,149    184,480
 Income from financial investments         952,779    826,028    763,259
 Updated shares – Fair value through profit or loss     14.d       308,309    
 Dividends received         2,512    52,516    113,697
 Interest and fines         77,480    82,634    14,682
 Other income         119,956    161,111    43,826
Total financial income        1,398,063   1,655,747   1,119,944
Financial expenses                
Borrowings and financing - foreign currency   13    (2,334,763)    (1,567,508)    (1,238,372)
Borrowings and financing - local currency   13    (1,895,650)    (2,096,805)    (1,356,639)
Capitalized interest    10    206,764    182,799    135,242
Updated shares – Fair value through profit or loss   14.d   (632,612)      (1,198,164)
Related parties   22.a   (6,602)   (8,249)   (10,297)
Lease liabilities   15   (94,034)   (76,514)   (68,533)
Interest and fines       (119,765)   (146,222)   (95,667)
Interest on forfaiting operations       (363,538)   (465,574)   (444,062)
(-) Adjusted present value of trade payables       (354,027)   (353,774)   (419,517)
Commission, bank fees and guarantee       (373,859)   (199,505)   (165,397)
PIS/COFINS over financial income       (122,263)   (87,144)   (118,311)
Other financial expenses       (873,918)   (533,581)   (390,598)
Total financial expenses         (6,964,267)    (5,352,077)    (5,370,315)
Others financial items, net                
Foreign exchange and monetary variation, net        502,935   (524,302)    783,902
Gains and (losses) on derivatives (*)       (750,102)    69,250   (48,556)
Total others financial items, net       (247,167)   (455,052)    735,346
Financial income (expenses)        (7,211,434)    (5,807,129)    (4,634,969)
                 
Financial income (expenses), net        (5,813,371)    (4,151,382)    (3,515,025)
                 
(*) Statement of gains and (losses) on derivative transactions (note 14.c)                
Dollar to Real - NDF            176,991
Exchange rate swap Real x Dollar        188,364   (96,602)   (11,467)
Exchange rate swap Dollar x Euro             9,567    
Interest rate swap CDI x IPCA       (791,937)    112,694   (257,897)
Exchange rate swap CDI x Dollar        (146,529)    43,591    43,817
Total       (750,102)    69,250   (48,556)

 

 

Accounting Policy

 

Financial income includes interest income on short-term investments and changes in the fair value of financial assets measured at fair value through profit or loss. Interest income is recognized in profit or loss using the effective interest method.

 

Financial expenses include interest expenses on loans and losses at the fair value of financial instruments measured at fair value through profit or loss. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are measured in profit or loss using the effective interest method. Foreign exchange gains and losses are reported on a net basis.