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FINANCIAL INCOME (Details) - BRL (R$)
R$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
FINANCIAL INCOME      
Income from short-term investments R$ 108,057 R$ 87,241 R$ 68,721
Interest income and other financial income 86,035 135,972 135,279
Financial Income 194,092 223,213 204,000
Interest on debt (1,022,460) (938,120) (1,177,686)
Monetary variation and other financial expenses (426,001) (531,634) (401,655)
Financial Expenses (1,448,461) (1,469,754) (1,579,341)
Bonds repurchases (239,273) 0 (223,925)
Exchange Variation, net (204,291) (247,555) (322,621)
Gains and losses on derivative financial instruments, net (774) (15,118) 32,092
Financial result, net R$ (1,698,707) R$ (1,509,214) R$ (1,889,795)