v3.22.2.2
Financial instruments (Tables)
 9 Months Ended
Sep. 30, 2022
Disclosure Of Financial Instruments Text Block Abstract  
Schedule of financial instruments and their carrying amounts
      Carrying amounts 
   Notes  As of
September 30,
2022		   As of
December 31,
2021		 
Financial assets           
Amortized cost           
Cash and cash equivalents  5   4,210    2,550 
Related parties - assets  9.1   264    114 
Trade receivables and other accounts receivable      164    169 
Fair value through income             
Financial instruments – hedge measured at fair value  14.6.1   122    32 
Fair value through other comprehensive income             
Accounts receivable with credit card companies and sales tickets      341    155 
Financial liabilities             
Other financial liabilities - amortized cost             
Related parties - liabilities  9.1   (1,422)   (368)
Trade payables  13   (9,967)   (5,942)
Financing through acquisition of assets      (387)   (197)
Borrowings and financing  14.6.1   (1,220)   (1,210)
Debentures and promissory notes  14.7   (10,574)   (6,446)
Lease liabilities  16.1   (7,416)   (4,051)
Fair value through income             
Borrowings and financing, including derivatives  14.6.1   (324)   (341)
Financial instruments – hedge measured at fair value  14.6.1   (17)   (36)
Net exposure      (26,226)   (15,571)

 
Schedule of capital structure
   As of 
   September 30,
2022		   December 31,
2021		 
Borrowings, financing, debentures and promissory notes   (12,135)   (8,033)
(-) Cash and cash equivalents   4,210    2,550 
(-) Derivative financial instruments   122    32 
Net debt   (7,803)   (5,451)
Shareholders´ equity   3,595    2,766 
% Net debt over shareholders´ equity   217%   197%

 
Schedule of aging profile of financial liabilities
   Less than
1 year		   1 to 5 years   More than
5 years		   Total 
Borrowings and financing   461    1,380    
-
    1,841 
Debentures and promissory notes   1,158    8,931    5,903    15,992 
Derivative financial instruments   209    259    (1,125)   (657)
Lease liabilities   1,186    5,192    11,615    17,993 
Trade payable   9,263    704    
-
    9,967 
Total   12,277    16,466    16,393    45,136 

 
Schedule of hedge position
   Notional value   Fair value 
   As of
September 30,
2022		   As of
December 31,
2021		   As of
September 30,
2022		   As of
December 31,
2021		 
Swap with hedge accounting                    
Hedge item (debt)   2,360    1,888    2,348    1,869 
Long position                    
Hedge instrument - Fixed rate   106    106    54    60 
Hedge instrument - USD + Fixed   282    282    271    281 
Hedge instrument - CRI   1,972    1,500    2,023    1,528 
                     
Short position   (2,360)   (1,888)   (2,243)   (1,873)
Net hedge position   
-
    
-
    105    (4)

 
Schedule of net exposure of derivative financial instruments
       Risk  Carrying   As of
September 30,		   Market projections 
Transactions  Notes   (CDI Increase)  Amount   2022   Scenario (I)   Scenario (II)   Scenario (III) 
Borrowings and financing   14.6.1   CDI + 1.48% per year   1,220    (1,227)   (482)   (493)   (503)
Borrowings and financing (fixed rate)   14.6.1   TR + 9.80% per year   52    (51)   (56)   (60)   (65)
Borrowings and financing (foreign currency)   14.6.1   USD + 1.06% per year   272    (271)   (23)   (37)   (52)
Debentures and promissory notes   14.6.1   CDI + 1.47% per year   10,574    (10,676)   (1,508)   (1,584)   (1,659)
Total net effect (loss)           12,118    (12,225)   (2,069)   (2,174)   (2,279)
Cash and cash equivalents   5   86.66% of CDI        4,210    574    602    631 
Net exposure loss                (8,015)   (1,495)   (1,572)   (1,648)

 
Schedule of fair value hierarchy of financial assets and liabilities
   Carrying amount   Fair value     
   As of
September 30,
2022		   As of
December 31,
2021		   As of
September 30,
2022		   As of
December 31,
2021		   Level 
Trade receivables with credit cards companies and sales vouchers   341    155    341    155    2 
Swaps of annual rates between currencies   (17)   (11)   (17)   (11)   2 
Interest rate swaps   2    4    2    4    2 
Interest rate swaps - CRI   120    3    120    3    2 
Borrowings and financing (fair value)   (324)   (341)   (324)   (341)   2 
Borrowings and financing (amortized cost)   (11,794)   (7,656)   (11,621)   (7,372)   2 
    (11,672)   (7,846)   (11,499)   (7,562)     

 
Schedule of consolidated position of outstanding derivative transactions
          As of 
  Notional     September 30,   December 31, 
Description Risk  (millions)   Due date  2022   2021 
Debt               
USD – BRL  US$50   2023   (17)   (11)
                   
Debt                  
IPCA – BRL  R$1,972   2028, 2029 and 2031   120    3 
                   
Interest rate swaps registered at CETIP                  
Fixed rate x CDI  R$54   2027   1    2 
Fixed rate x CDI  R$52   2027   1    2 
Derivatives - Fair value hedge           105    (4)

  
Schedule of debt weighted average
      As of
   Weighted
average rate		  September 30,
2022		   December 31,
2021		 
Current             
Debentures and promissory notes             
Debentures and promissory notes  CDI + 1.55% per year   532    194 
Borrowing costs      (22)   (14)
Total debentures and promissory notes      510    180 
              
Borrowings and financing in domestic currency             
Working capital  TR + 9.80%   12    14 
Working capital  CDI + 1.83% per year   26    419 
Borrowing costs      (4)   (4)
Total domestic currency      34    429 
              
In foreign currency             
Working capital  USD + 1.06% per year   272    1 
Total foreign currency      272    1 
Total of borrowings and financing      306    430 
              
Derivative financial instruments             
Swap contracts  CDI + 0.86% per year   (17)   (4)
Swap contracts  CDI + 1.35% per year   17    3 
Total derivative financial instruments      -    (1)
Total current      816    609 

 

      As of 
   Weighted
average rate		  September 30,
2022		   December 31,
2021		 
Non-current           
Debentures and promissory notes           
Debentures and promissory notes  CDI + 1.46% per year   10,144    6,329 
Borrowing costs      (80)   (63)
Total debentures and promissory notes      10,064    6,266 
              
Borrowings and financing in domestic currency             
Working capital  TR + 9.80%   41    47 
Working capital  CDI + 1.47% per year   1,200    800 
Borrowing costs      (3)   (5)
Total domestic currency      1,238    842 
              
In foreign currency             
Working capital  USD + 1.06% per year   -    279 
Total foreign currency      -    279 
Total of borrowings and financing      1,238    1,121 
              
Derivative financial instruments             
Swap contracts  CDI + 0.85% per year   (105)   (28)
Swap contracts  CDI + 1.35% per year   -    33 
Total derivative financial instruments      (105)   5 
Total non-current      11,197    7,392 
              
Total      12,013    8,001 
              
Current assets      17    4 
Non-current assets      105    28 
Current liabilities      833    613 
Non-current liabilities      11,302    7,420 

 
Schedule of rollforward of financial instruments
   Amounts 
Balance as of December 31, 2020   7,763 
Funding   4,353 
Interest provision   356 
Swap contracts   70 
Mark-to-market   (2)
Exchange rate and monetary variation   (2)
Debt modification impact   (63)
Borrowing costs   45 
Interest amortization   (297)
Principal amortization   (4,072)
Swap amortization   1 
Balance as of September 30, 2021   8,152 
      
Balance as of December 31, 2021   8,001 
Funding   3,560 
Interest provision   1,034 
Swap contracts   45 
Mark-to-market   (92)
Exchange rate and monetary variation   (9)
Borrowing costs   19 
Interest amortization   (426)
Principal amortization   (58)
Swap amortization   (61)
Balance as of September 30, 2022   12,013 

 
Schedule of noncurrent maturities
Maturity  Amounts 
From 1 to 2 years   2,298 
From 2 to 3 years   3,719 
From 3 to 4 years   556 
From 4 to 5 years   398 
More than 5 years   4,309 
Total   11,280 
      
Borrowing Cost   (83)
Total   11,197 

 
Schedule of debentures and promissory notes
              Date         As of 
   Type  Issue amount
(in thousands)		   Outstanding
Debentures (units)		   Issuance  Maturity  Annual financial charges  Unit price
(in Reais)		   September 30,
2022		   December 31,
2021  		 
First Issue of Promissory Notes – 3rd series  non-preemptive right   50    1    7/4/2019   7/4/2022  CDI + 0.72% per year   -    -    57 
First Issue of Promissory Notes – 4th series  non-preemptive right   250    5    7/4/2019   7/4/2023  CDI + 0.72% per year   61,403,751    307    281 
First Issue of Promissory Notes – 5th series  non-preemptive right   200    4    7/4/2019   7/4/2024  CDI + 0.72% per year   61,403,751    246    225 
First Issue of Promissory Notes – 6th series  non-preemptive right   200    4    7/4/2019   7/4/2025  CDI + 0.72% per year   61,403,751    246    225 
Second Issue of Debentures – 1st series  non-preemptive right   940,000    940,000    6/1/2021   5/20/2026  CDI + 1.70% per year   1,054    990    951 
Second Issue of Debentures – 2nd series  non-preemptive right   660,000    660,000    6/1/2021   5/22/2028  CDI + 1.95% per year   1,055    697    668 
Second Issue of Promissory Notes – 1st series  non-preemptive right   1,250,000    940,000    8/27/2021   8/27/2024  CDI + 1.47% per year   1,506    1,415    1,285 
Second Issue of Promissory Notes – 2nd series  non-preemptive right   1,250,000    940,000    8/27/2021   2/27/2025  CDI + 1.53% per year   1,506    1,416    1,286 
Third Issue of Debentures – 1st series – CRI  non-preemptive right   982,526    982,526    10/15/2021   10/16/2028  IPCA + 5.15% per year   1,093    1,074    1,012 
Third Issue of Debentures – 2nd series – CRI  non-preemptive right   517,474    517,474    10/15/2021   10/15/2031  IPCA + 5.27% per year   1,094    566    533 
Fourth Issue of Debentures – single series  non-preemptive right   2,000,000    2,000,000    1/7/2022   11/26/2027  CDI + 1.75% per year   1,051    2,103    - 
First Issue of Commercial Paper Notes – single series  non-preemptive right   750,000    750,000    2/10/2022   2/9/2025  CDI + 1.70% per year   1,021    766    - 
Fifth Issue of Debentures – single series - CRI  non-preemptive right   250,000    250,000    4/5/2022   3/28/2025  CDI + 0.75% per year   1,000    250    - 
Sixth Issue of Debentures – 1st series - CRI  non-preemptive right   72,962    72,962    9/28/2022   9/13/2029  CDI + 0.60% per year   1,001    73    - 
Sixth Issue of Debentures – 2nd series - CRI  non-preemptive right   55,245    55,245    9/28/2022   9/11/2026  CDI + 0.70% per year   1,001    55    - 
Sixth Issue of Debentures – 3rd series - CRI  non-preemptive right   471,793    471,793    9/28/2022   9/13/2027  IPCA + 6x’.70% per year   1,000    472    - 
Borrowing Cost                               (102)   (77)
                               10,574    6,446 
Current liabilities                              510    180 
Non-current liabilities                              10.064    6,266