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Financial result, net
12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Financial result, net
23
Financial result, net
 
    
December 31,
2021
    
December 31,
2020
    
December 31,
2019
 
Interest earned on bank deposits      264        556        334  
Foreign exchange gains      3,035        2,058        734  
Gains from fair value of derivative financial instruments (i, ii)      2,317        174        —    
Marketable securities and short term investments gains      1,614        1,116        224  
Other financial income      184        —          —    
    
 
 
    
 
 
    
 
 
 
Financial income
  
 
7,414
 
  
 
3,904
 
  
 
1,292
 
    
 
 
    
 
 
    
 
 
 
Foreign exchange losses      (4,223      (4,401      (3
Losses from fair value of derivative financial instruments (i, ii)      (2,510      (582      (268
Interest on loans      (94      (219      (449
Interest on lease liabilities      (696      (775      (870
Short-term investments losses      (974      —          —    
Adjustment of hyperinflation      (2,274      (779      (409
Other financial expenses (iii)      (1,287      (282      (1,187
    
 
 
    
 
 
    
 
 
 
Financial expense
  
 
(12,058
  
 
(7,038
  
 
(3,186
    
 
 
    
 
 
    
 
 
 
Financial result, net
  
 
(4,644
  
 
(3,134
  
 
(1,894
    
 
 
    
 
 
    
 
 
 
 
(i)
Refers to gains and losses on change in the fair value of a hedge item obtained with Itaú Bank as of June 2020 related to a loan between related parties in U.S. dollars (refer to note 26.1).
(ii)
Refers to gain and losses on change in the fair value of a hedge item obtained with Itaú Bank as of June 2019 related to a loan with Itaú Bank in euros (refer to note 26.1).
(iii)
Refer mainly to taxes on financial transactions and other financial expenses.