Investor Presentaiton
10. Financial investments
(a) Breakdown
2021
2020
Fair value through profit or loss
Accounting policy
Financial investments have, for the most part, immediate liquidity, however,
they are classified as financial investments based on the original maturities,
considering the expected destination of the funds. Investments in national
currency comprise government bonds or financial institutions, indexed to
the interbank deposit rate.
Investments denominated in foreign currency are mainly composed of fixed
income financial instruments in local currency (time deposits). There are
also investments that have immediate liquidity considering the expected
allocation of funds by the Investment Policy. Such investments comprise
sovereign bonds and ETFs (Exchange Traded Funds) with low risk concen-
tration in specific assets, following restrictions defined in the Investment
Policy to safeguard liquidity and mitigate risk of capital loss.
Local currency
Bank Deposit Certificates - CDBs
Financial Treasury Bills - LFTs
Financial bills - Private securities
183
2,583
608
1,169.
290
Repurchase agreements - Public securities
236
110
Investment fund quotas
493
337
1,520
4,489
1,400
1,046
212
163
1,612
1,209
3,132
5,698
Foreign currency
Assets traded on the market (i)
Time deposits
Current
Non-current
3,132
5,678
20
3,132
5,698
143
(i) Balance refers to assets traded on the market, being investments with a low concen-
tration of risk in specific assets.
=View entire presentation