XML 63 R39.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Financial Risk Management (Tables)
 12 Months Ended
Dec. 31, 2023
Financial Risk Management  
Schedule of Interest rates contracted


December 31, 2023


December 31, 2022


Interest rate

Bonds






Private Bonds – 6th Issuance – series 2

-


53,688


CDI + 1.00% p.a.

Private Bonds – 9th Issuance – series 2

263,904



259,843


CDI + 2.40% p.a.

Bonds – 1st Issuance – single

527,859



529,465


CDI + 2.30% p.a.

Financing and Lease Liabilities

96,657



140,563


IPCA

Accounts Payable for Business Combination and acquisition of associates

614,120



625,277


100% CDI


1,502,540



1,608,836



Schedule of financial liabilities by maturity ranges

December 31, 2023


Less than one year



Between one and two years



Over two years



Total


Bonds and financing (Note 15)


541,763



250,000



-


791,763


Lease Liabilities (Note 17)


17,078



16,631



62,948



96,657


Accounts Payable for business combination and acquisition of associates (Note 19)


216,728



196,406



200,986



614,120


Suppliers (Note 16)


221,291



-


-


221,291


Reverse Factoring (Note 16)


263,948



-


-


263,948


Other liabilities - related parties (Note 21)


15,060



-


-


15,060




1,275,868


463,037


263,934


2,002,839

Schedule of financial liabilities by maturity ranges for estimated amounts payable based on undiscounted contractual amounts

December 31, 2023


Less than one year



Between one and two years



Over two years



Total


Bonds and financing


612,717



282,742



-


895,459


Lease Liabilities


17,867



17,400



65,857



101,124


Accounts Payable for business combination and acquisition of associates


245,113



222,130



227,309



694,552


Suppliers


250,273



-


-


250,273


Reverse Factoring


298,517



-


-


298,517


Other liabilities - related parties


17,032



-


-


17,032




1,441,519


522,272


293,166


2,256,957


Schedule of calculation of gearing ratio


December 31, 2023


December 31, 2022

Net debt (i)

1,906,975



1,969,241


Total shareholder’' equity

4,520,791



4,629,679


Total capitalization (ii)

2,613,816



2,660,438


Gearing ratio - % - (iii)

73

%


74

%


(i) Net debt comprises financial liabilities (note 7) net of cash and cash equivalents.
(ii) Refers to the difference between Shareholders’ Equity and Net debt.
(iii) The Gearing Ratio is calculated based on Net Debt/Total Capitalization.
Schedule of sensitivity analysis of potential losses from financial instruments



Index - % per year


Balance as of December 31, 2023


Base scenario


Scenario I


Scenario II

Financial Investments


104% of CDI


92,455



12,109



10,293



8,476


Marketable Securities


102% of CDI


245,942



32,211



27,379



22,548






338,397



44,320



37,672



31,024


Accounts Payable for Business Combination and acquisition of associates


100% of CDI


(614,120

)


(80,431

)


(68,366

)


(56,302

)

Lease liabilities


100% of IPCA


(96,657

)


(4,467

)


(3,797

)


(3,127

)

Bonds and financing


CDI + 2.30%


(791,763

)


(103,696

)


(88,142

)


(72,587

)





(1,502,540

)


(188,594

)


(160,305

)


(132,016

)

Net exposure




(1,164,143

)


(144,274

)


(122,633

)


(100,992

)

Interest rate -% p.a. (CDI)


-


-


13.10

 %


11.13

 %


9.17

 %

Interest rate -% p.a. (IPCA)


-


-


4.62

 %


3.93

 %


3.23

 %

Stressing scenarios


-


-


-


(15

 %)


(30

 %)