| FINANCE EXPENSES AND INCOME |
| 11. | FINANCE EXPENSES AND INCOME |
| Schedule of finance expenses |
|
|
|
| |
2022 |
2021 |
2020 |
| Interest expense |
(2,328.3) |
(1,431.8) |
(1,786.6) |
| Net Interest on pension plans |
(107.9) |
(115.6) |
(117.2) |
| Losses on hedging instruments |
(3,158.4) |
(2,540.2) |
(1,919.3) |
| Interest on provision for disputes and litigation |
(456.6) |
(290.0) |
(208.8) |
| Exchange variations |
(751.1) |
(453.9) |
(706.4) |
| Financial instruments at fair value through profit or loss |
- |
- |
(4.3) |
| Tax on financial transactions |
(339.6) |
(216.6) |
(335.0) |
| Bank guarantee expenses |
(176.1) |
(174.9) |
(188.0) |
| Other financial results |
(574.2) |
(204.8) |
(164.9) |
| Total |
(7,892.2) |
(5,427.8) |
(5,430.5) |
Interest expenses are presented net of the effects of
interest rate derivative financial instruments which mitigate Ambev’s interest rate risk (Note 28 - Financial instruments and
risks). The interest expenses are as follows:
| Schedule of Interest expenses |
|
|
|
| |
2022 |
2021 |
2020 |
| Financial instruments measured at amortized cost |
(764.0) |
(466.0) |
(776.0) |
| Financial instruments at fair value through profit or loss (i) |
(1,564.3) |
(965.8) |
(1,010.6) |
| Total |
(2,328.3) |
(1,431.8) |
(1,786.6) |
| (i) |
Include R$1,231 million (R$656 million at December 31, 2021 and R$657 million at December 31, 2020) as accounts payable present value adjustment. |
| Schedule of finance income |
|
|
|
| |
2022 |
2021 |
2020 |
| Interest income |
2,167.7 |
1,101.6 |
2,245.5 |
| Interest and foreign exchange rate on loans to/from related parties |
37.1 |
42.5 |
10.6 |
| Financial instruments at fair value through profit or loss |
95.5 |
77.0 |
242.6 |
| Other financial results |
565.3 |
78.9 |
49.9 |
| Finance income, before adoption of new accounting policies |
2,865.6 |
1,300.0 |
2,548.6 |
| |
| Effect of application of IAS 29 (hyperinflation) |
1,603.5 |
922.4 |
447.4 |
| Finance income |
4,469.1 |
2,222.4 |
2,996.0 |
Interest income arises from the following financial assets:
| Schedule of interest income |
|
|
|
| |
2022 |
2021 |
2020 |
| Cash and cash equivalents |
791.6 |
329.5 |
234.6 |
| Investment securities held for trading |
175.9 |
84.7 |
4.3 |
| Other receivables (i) |
1,200.2 |
687.4 |
2,006.6 |
| Total |
2,167.7 |
1,101.6 |
2,245.5 |
| (i) |
Refers, mainly, to monetary adjustment of recoverable taxes. |
|