21 Finance result

12 Months Ended

Dec. 31, 2019

Finance Result

Finance result

21       Finance result

	2019	2018	2017
Income from financial investments	25,965	4,680	2,017
Changes in fair value of derivative instruments	-	1,219	-
Interest received	9,680	4,364	3,174
Foreign exchange differences	13,321	-	-
Other	2,723	165	31
Finance income	51,689	10,428	5,222
Change in fair value of derivative instruments	(1,780)	-
Interest expense	(24,002)	(2,404)	(1,042)
Interest expense on lease liabilities	(31,469)	-	-
Financial discounts granted	(923)	(1,063)	(1,210)
Bank fees	(2,876)	(1,219)	(1,015)
Foreign exchange differences	-	(2,697)	-
IOF taxes (taxes on financial transactions)	(6,801)	(355)	-
Other	(4,514)	(416)	(319)
Finance expenses	(72,365)	(8,154)	(3,586)
Finance result	(20,676)	2,274	1,636