CASH AND CASH EQUIVALENTS |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash and cash equivalents [abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| CASH AND CASH EQUIVALENTS | NOTE 6 – CASH AND CASH EQUIVALENTS Cash and cash equivalents include cash assets, bank deposits and financial investments. The balance of this line item, as recorded in the cash flow statement, can be reconciled to the corresponding balance sheet items, as demonstrated below:
Financial investments consist of bank deposit certificates (CDBs) and fixed‑income investment funds, which are substantially indexed to the CDI rate, with an average yield equivalent to 101.58% of that index (101.13% as of December 31, 2024). Accounting Policy Cash comprises cash on hand and demand deposits. Cash equivalents comprise financial investments with original maturities of up to 90 days from the acquisition date, which are highly liquid, readily convertible into a known amount of cash and subject to an insignificant risk of changes in value.
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