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v3.22.2.2

Financial instruments (Tables) | 6 Months Ended
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Jun. 30, 2022
Investments, All Other Investments [Abstract] |
Schedule of Interest rate risk | On June 30, 2022, the Company’s cash, cash equivalents, and financial investments were indexed as follows:
|  | Pre-fixed |  |  | Post-fixed |  |  | Total |
|  | Amount |  |  | % |  |  | Amount |  |  | % |  |  | Amount |  |  | % |
Cash and cash equivalents and financial investments |  | $ | 328,417,524 |  |  |  | 99.29 | % |  | $ | 2,363,683 |  |  |  | 0.71 | % |  | $ | 330,781,207 |  |  |  | 100.00 | %
|  | Amount |  |  | % |
Cash equivalents and financial investments indexed to CDI (i) |  | $ | 2,363,683 |  |  |  | 100.00 | %
(i) | The interbank deposit certificate (Certificado de Depósito Interbancário), or CDI rate is an average of interbank overnight rates in Brazil.
Schedule of Foreign exchange rate risk | On June 30, 2022, the Company had the following amounts of financial assets and liabilities denominated in two currencies:
|  | As of June 30, |  |  | As of December 31, |
|  | 2022 |  |  | 2021 |
Trade account payable |  |  |  |  |  |  |  |
Brazilian reais |  | $ | (360,177 | ) |  | $ | (705,725 | )
U.S.dollars |  |  | (529,417 | ) |  |  | (171,917 | )
|  |  | (889,594 | ) |  |  | (877,642 | )
Cash and cash equivalents and financial investments |  |  |  |  |  |  |  |
Brazilian reais |  |  | 2,429,263 |  |  |  | 329,621 |
U.S.dollars |  |  | 328,351,943 |  |  |  | 14,046,902 |
|  |  | 330,781,206 |  |  |  | 14,376,523 |
Net exposure (1-2): |  |  |  |  |  |  |  |
Brazilian reais |  | $ | 2,069,086 |  |  | $ | (376,103 | )
U.S.dollars |  | $ | 327,822,526 |  |  | $ | 13,874,985 |
Schedule of sensitivity analysis of financial instruments | Interest risk factor
|  |  |  |  |  |  |  | Additional variations in book balance (*) |
|  | Risk factor |  |  | Amounts exposed as of June 30, 2022 |  |  | -50% |  |  | -25% |  |  | Probable scenario |  |  | +25% |  |  | +50% |
Cash equivalents and financial investments |  |  | CDI |  |  | $ | 2,363,683 |  |  | $ | 151,867 |  |  | $ | 71,206 |  |  | $ | (9,455 | ) |  | $ | (90,115 | ) |  | $ | (170,776 | )
Net impact |  |  | CDI |  |  | $ | 2,363,683 |  |  | $ | 151,867 |  |  | $ | 71,206 |  |  | $ | (9,455 | ) |  | $ | (90,115 | ) |  | $ | (170,776 | )
Rates considered |  |  | CDI |  |  |  | 13.25 | % |  |  | 6.83 | % |  |  | 10.24 | % |  |  | 13.65 | % |  |  | 17.06 | % |  |  | 20.48 | %
(*) | The positive and negative variations of 25% and 50% were applied on the rates in effect on June 30, 2022.
Foreign exchange risk factor
|  |  |  |  |  |  |  | Additional variations in book balance (*) |
|  | Risk factor |  |  | Amounts exposed as of June 30, 2022 |  |  | -50% |  |  | -25% |  |  | Probable scenario |  |  | +25% |  |  | +50% |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash equivalents and financial investments |  |  | BRL |  |  | $ | 2,429,263 |  |  | $ | 1,207,211 |  |  | $ | 596,185 |  |  | $ | (14,841 | ) |  | $ | (625,867 | ) |  | $ | (1,236,893 | )
Other assets |  |  | BRL |  |  |  | 1,122,285 |  |  |  | 557,714 |  |  |  | 275,429 |  |  |  | (6,856 | ) |  |  | (289,142 | ) |  |  | (571,427 | )
|  |  |  |  |  | $ | 3,551,548 |  |  | $ | 1,764,925 |  |  | $ | 871,614 |  |  | $ | (21,697 | ) |  | $ | (915,009 | ) |  | $ | (1,808,320 | )
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other liabilities |  |  | BRL |  |  |  | (2,286,753 | ) |  |  | (1,136,392 | ) |  |  | (561,211 | ) |  |  | 13,970 |  |  |  | 589,151 |  |  |  | 1,164,332 |
|  |  |  |  |  |  | (2,286,753 | ) |  |  | (1,136,392 | ) |  |  | (561,211 | ) |  |  | 13,970 |  |  |  | 589,151 |  |  |  | 1,164,332 |
Net impact |  |  |  |  |  | $ | 1,264,795 |  |  | $ | 628,533 |  |  | $ | 310,403 |  |  | $ | (7,727 | ) |  | $ | (325,858 | ) |  | $ | (643,988 | )
Exchanges rate considered |  |  |  |  |  |  | 5.2380 |  |  |  | 2.6350 |  |  |  | 3.9525 |  |  |  | 5.2700 |  |  |  | 6.5875 |  |  |  | 7.9050 |
(*) | The positive and negative variations of 25% and 50% were applied on the rates in effect on June 30, 2022.

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