Investor Presentaiton
Consolidated statement of cash flows
Years ended December 31 - All amounts in millions of reais unless otherwise stated (A free translation of the original in Portuguese)
Note
2021
2020
Note
2021
2020
Cash flow from investment activities
Proceeds from disposals of fixed and
intangible assets
840
242
Increase (decrease) in cash and cash
equivalents
3,811
2,231
Net cash received on sale of shares
Sale of financial instruments - shares
910
1,615
1,462
Effect of companies excluded from
consolidation
Acquisition of financial instruments
shares
(133)
(1,368)
Dividends received
471
172
Acquisitions of property, plant and
equipment
Effect of fluctuations in exchange rates
Cash and cash equivalents at the beginning
of the year
219
7
1,283
9,783
6,262
18
(5,346)
(3,516)
Cash and cash equivalents at end of the
year
13,680
9,783
Advance for acquisition of investment
properties
(58)
Increase (reduction) in biological assets
(7)
Non-cash transactions
Acquisitions of investments
(593)
(222)
Acquisition of investments with issuance
of shares
1.1 (0)
2,827
Increase in intangible assets
19
Net cash used in investment activities
(666)
(4,195)
(22)
(1,891)
Cash flow from financing activities
New borrowing
Repayment of borrowing
Repayment of leasing contracts
Derivative financial instruments
Funding by public offering of investee
shares
Dividends paid
Net cash used in financing activities
20 (b)
20 (b)
4,414
(6,779)
11,772
(10,846)
(363)
42
(251)
55
657
(1,132)
(1,041)
(3,161)
(311)
109
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