| Financial income/(expense), net |
| 32 | Financial income/(expense), net |
| Schedule of financial income net |
|
|
|
|
|
| |
2025 |
|
2024 |
|
2023 |
| |
|
|
|
|
|
| Financial Expenses |
|
|
|
|
|
| Interest and charges on borrowings and financing – local currency |
(3,456,991) |
|
(1,360,747) |
|
(1,110,135) |
| Interest and charges on borrowings and financing – foreign currency |
- |
|
(120,270) |
|
(89,198) |
| Other financial expenses |
(842,332) |
|
(758,703) |
|
(849,489) |
| Inflation adjustment on borrowings and financing |
- |
|
(134,258) |
|
(146,637) |
| Other inflation adjustments |
(41,988) |
|
(15,046) |
|
(301,593) |
| Interest and inflation adjustments on provisions |
115,533 |
|
(312,280) |
|
(211,565) |
| Total financial expenses |
(4,225,778) |
|
(2,701,304) |
|
(2,708,617) |
| |
|
|
|
|
|
| Financial income |
|
|
|
|
|
| Inflation adjustment - gains |
1,816,875 |
|
296,916 |
|
219,473 |
| Income on financial investments |
1,347,002 |
|
552,168 |
|
370,638 |
| Interest income |
456,090 |
|
264,892 |
|
256,116 |
| PIS and Cofins |
(168,079) |
|
(69,918) |
|
(40,401) |
| Other |
11 |
|
93 |
|
79 |
| Total financial income |
3,451,899 |
|
1,044,151 |
|
805,905 |
| |
|
|
|
|
|
| Financial, net before exchange rate changes |
(773,879) |
|
(1,657,153) |
|
(1,902,712) |
| |
|
|
|
|
|
| Exchange rate changes |
|
|
|
|
|
| Exchange rate changes on borrowings and financing |
- |
|
|
309,959 |
| Gains (Losses) with derivative financial instruments |
(123,880) |
|
315,079 |
|
- |
| Exchange rate changes on assets |
- |
|
46 |
|
767 |
| Other exchange rate changes |
(11) |
|
- |
|
(10) |
| Exchange rate changes, net |
(123,891) |
|
(210,499) |
|
310,716 |
| |
|
|
|
|
|
| Net financial result |
(897,770) |
|
(1,867,652) |
|
(1,591,996) |
Accounting policy
Financial income are substantially represented by interest
and inflation adjustments, resulting financial investments, escrow deposits and installment agreements with customers, and are calculated
using the effective interest method.
Financial expenses refer to interest, inflation adjustments
and exchange variations arising mainly from borrowings, financing, provisions, public-private partnership and program contract commitments
and are calculated using the effective interest method.
The gains or losses in inflation adjustments are due
to the collection or payment to third parties, as required by contract, by law or by court decision, recognized by the pro rata temporis
accrual basis, and the inflation adjustments included in the contracts are not considered as embedded derivatives, as they are considered
as correction indexes for the Company's economic environment.
|