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Financial instruments
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Financial instruments

 

Note17 | Financial instruments

 

Note17.1 | Financial instruments by category

 

               
     Financial assets at amortized cost     Financial assets at fair value through profit or loss     Non-financial assets     Total 
 As of December 31, 2023                 
 Assets                  
Trade receivables                 66,597                          -                          -                 66,597
Other receivables                   4,887                 20,406                   8,756                 34,049
Cash and cash equivalents                 
     Cash and Banks                   1,398                          -                          -                   1,398
     Mutual funds                          -                   7,730                          -                   7,730
Financial assets at fair value through profit or loss:                
     Negotiable instruments                          -                     588                          -                     588
     Mutual funds                          -                 82,040                          -                 82,040
 Total                  72,882               110,764                   8,756               192,402
                 
                 
 As of December 31, 2022                 
 Assets                  
Trade receivables                 87,167                          -                          -                 87,167
Other receivables                 14,694                 12,939                 30,608                 58,241
Cash and cash equivalents                 
     Cash and Banks                   2,701                          -                          -                   2,701
     Mutual funds                          -                   2,375                          -                   2,375
Financial assets at fair value through profit or loss:                
     Negotiable instruments                          -                 42,713                          -                 42,713
     Mutual funds                          -                 46,666                          -                 46,666
 Total                104,562               104,693                 30,608               239,863

 

     Financial liabilities at amortized cost     Financial liabilities at fair value through profit or loss     Total 
 As of December 31, 2023             
 Liabilities             
 Trade payables                242,547                          -               242,547
 Other payables                128,276                 59,988               188,264
 Borrowings                  95,008                          -                 95,008
 Total                 465,831                 59,988               525,819
             
 As of December 31, 2022             
 Liabilities             
 Trade payables                562,802                          -               562,802
 Other payables                  74,150                          -                 74,150
 Borrowings                  45,841                          -                 45,841
 Total                 682,793                          -               682,792

 

Financial instruments categories have been determined based on IFRS 9.

 

The income, expenses, gains and losses resulting from each financial instrument category are as follow:

 

           
     Financial assets at amortized cost     Financial assets at fair value through profit or loss     Total 
 As of December 31, 2023             
Interest income                      367                          -                     367
Exchange differences                 38,751                 32,949                 71,700
Changes in fair value of financial assets                          -                 66,062                 66,062
Total                  39,118                 99,011               138,129
             
 As of December 31, 2022             
Interest income                      203                          -                     203
Exchange differences                 12,193                 24,823                 37,016
Changes in fair value of financial assets                          -                   8,799                   8,799
Total                  12,396                 33,622                 46,018
             
     Financial liabilities at amortized cost     Financial liabilities at fair value through profit or loss     Total 
 As of December 31, 2023             
Interest expense             (318,836)                          -             (318,836)
Exchange differences             (120,027)                          -             (120,027)
Changes in fair value of financial liabilities                          -              (32,284)              (32,284)
Other financial results              (15,327)                          -              (15,327)
 Total               (454,190)              (32,284)             (486,474)
             
 As of December 31, 2022             
Interest expense             (272,858)                          -             (272,858)
Exchange differences              (32,412)                          -              (32,412)
Loss on debt restructuring                (1,398)                          -                (1,398)
Net loss from the repurchase of Corporate Notes                (1,132)                          -                (1,132)
Other financial results              (14,271)                          -              (14,271)
 Total               (322,071)                          -             (322,071)

 

Note17.2 | Credit quality of financial assets

 

The credit quality of financial assets that are neither past due nor impaired may be assessed based on external credit ratings or historical information:

 

       
     12.31.23     12.31.22 
 Customers with no external credit rating:         
 Group 1  (i)                    34,143                 60,408
 Group 2 (ii)                    26,906                   6,944
 Group 3 (iii)                      5,548                 19,815
 Total trade receivables                   66,597                 87,167

 

(i)Relates to customers with debt to become due.
(ii)Relates to customers with past due debt from 0 to 3 months.
(iii)Relates to customers with past due debt from 3 to 12 months.