XML 50 R11.htm IDEA: XBRL DOCUMENT v3.21.1
6 Cash and cash equivalents
 12 Months Ended
Dec. 31, 2020
Cash and cash equivalents [abstract]  
Cash and cash equivalents
6 Cash and cash equivalents

 

  2020   2019
       
Cash and bank deposits 57,729   13,092
Cash equivalents (a) 987,313   930,117
  1,045,042   943,209

 

Cash equivalents correspond mainly to financial investments in Bank Certificates of Deposit (“CDB”) with highly rated financial institutions and investment funds managed by highly rated financial institutions. As of December 31, 2020, the average interest on these CDB are equivalent to 90.95% of the Interbank Certificates of Deposit (“CDI”) (December 31, 2019: 99.2%). These funds are available for immediate use and have insignificant risk of changes in value. Cash equivalents denominated in U.S. dollars totaled R$70,523 as of December 31, 2020 (December 31, 2019: R$2,529).