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Financial instruments
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
Financial instruments

 

Note17 | Financial instruments

 

Note17.1 | Financial instruments by category

 

Schedule of financial instrument by category                
     Financial assets at amortized cost     Financial assets at fair value through profit or loss     Non-financial assets     Total 
 As of December 31, 2024                 
 Assets                  
Trade receivables               362,367                          -                          -               362,367
Other receivables                 34,816                   8,945                 13,020                 56,781
Cash and cash equivalents                 
     Cash and Banks                 20,182                          -                          -                 20,182
     Time deposits                   3,288                          -                          -                   3,288
     Mutual funds                          -                     448                          -                     448
Financial assets at fair value through profit or loss:                
     Negotiable instruments                          -               114,494                          -               114,494
     Mutual funds                          -               248,857                          -               248,857
Financial assets at amortized cost:                
     Negotiable instruments                 10,199                          -                          -                 10,199
 Total                430,852               372,744                 13,020               816,616
                 
                 
 As of December 31, 2023                 
 Assets                  
Trade receivables               145,024                          -                          -               145,024
Other receivables                 10,641                 44,437                 19,068                 74,146
Cash and cash equivalents                 
     Cash and Banks                   3,044                          -                          -                   3,044
     Mutual funds                          -                 16,833                          -                 16,833
Financial assets at fair value through profit or loss:                
     Negotiable instruments                          -                   1,280                          -                   1,280
     Mutual funds                          -               178,653                          -               178,653
 Total                158,709               241,203                 19,068               418,980

 

 

     Financial liabilities at amortized cost     Financial liabilities at fair value through profit or loss     Total 
As of December 31, 2024            
Liabilities            
Trade payables                        761,592                                     -                        761,592
Other payables                        168,825                          131,490                        300,315
Borrowings                        467,475                                     -                        467,475
Total                      1,397,892                          131,490                     1,529,382
             
As of December 31, 2023            
Liabilities            
Trade payables                        528,179                                     -                        528,179
Other payables                        279,341                          130,632                        409,973
Borrowings                        206,892                                     -                        206,892
Total                      1,014,412                          130,632                     1,145,044

 

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:

 

Schedule of income, expenses, gains and losses resulting from each financial instrument            
     Financial assets at amortized cost     Financial assets at fair value through profit or loss     Total 
 As of December 31, 2024             
Interest income                    1,224                          -                   1,224
Exchange differences                 17,991                 29,766                 47,757
Changes in fair value of financial assets                          -                 66,888                 66,888
Total                  19,215                 96,654               115,869
             
 As of December 31, 2023             
Interest income                      800                          -                     800
Exchange differences                 84,386                 71,751               156,137
Changes in fair value of financial assets                          -               143,859               143,859
Total                  85,186               215,610               300,796

 

     Financial liabilities at amortized cost     Financial liabilities at fair value through profit or loss     Total 
 As of December 31, 2024             
Interest expense             (330,011)                          -             (330,011)
Exchange differences              (61,796)                          -              (61,796)
Loss on debt restructuring                (3,447)                          -                (3,447)
Changes in fair value of financial liabilities                          -             (121,585)             (121,585)
Other financial results              (41,990)                          -              (41,990)
 Total               (437,244)             (121,585)             (558,829)
             
 As of December 31, 2023             
Interest expense             (694,298)                          -             (694,298)
Exchange differences             (261,375)                          -             (261,375)
Changes in fair value of financial liabilities                          -              (70,302)              (70,302)
Other financial results              (33,378)                          -              (33,378)
 Total               (989,051)              (70,302)          (1,059,353)

 

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:

 

Schedule of credit quality of financial assets        
     12.31.24     12.31.23 
 Customers with no external credit rating:         
 Group 1  (i)                  221,661                 74,351
 Group 2 (ii)                  116,565                 58,591
 Group 3 (iii)                    24,141                 12,082
 Total trade receivables                 362,367               145,024

 

(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.