Investor Presentaiton
2021
2020
Local Global
rating rating
Local Global
Total rating rating
Total
Financial investments
AAA
1,397
1,397
3,639
AA+
10
10
26
3,639
26
AA
227
227
317
AA-
487
317
487
A+
20
29
49
A
22
A-
70
22
22
131
131
70
B
3
3
CCC+
92
92
4
CCC-
18
18
Unrated (ii)
1,293
1,293
1,045 1,045
1,634
Derivative financial
instruments
AAA
AA-
AA
A+
A-
B
1,498 3,132 4,489 1,209 5,698
9. Cash and cash equivalentes
Accounting policy
Cash and cash equivalents include cash, bank deposits and other highly
liquid short-term investments whose original maturities are less than three
months, and which are readily convertible into a known amount of cash and
subject to an insignificant risk of change in value.
(a) Breakdown
Cash and cash equivalents in local currency include deposits in current bank
accounts and government securities (overnight operations) or financial
institutions, indexed to the interbank deposit rate. Foreign currency cash
equivalents are mainly composed of financial instruments in local currency
of the company and its investees.
756
756
1,688
323
1,688
2021
2020
323
Local currency
9
9
Cash and banks
26
27
144
144
42
42
10
145
10
Bank Deposit Certificates - CDBs
2,437
798
145
Repurchase agreements - public securities
1,424
955
2
2
Repurchase agreements - private securities
11
765
188
953
2,011
155
2,166
Financial Treasury Bills - LFTs
224
4,111
1,791
Foreign currency
2,801 2,590
2,590
Cash and banks
Time deposits
11,457
9,109 20,566 11,178
9,059 20,237
6,962
3,409
2,607
4,583
9,569
7,992
13,680
9,783
Financial instruments - shares
AAA
2,801
(i) Refers to values invested in offshore banks which are not rated by any ratings agency.
(ii) Refer to amounts invested in liquid assets traded abroad that are not classified by
rating agencies.
142
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