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Cash and cash equivalents
12 Months Ended
Dec. 31, 2011
Cash and cash equivalents  
Cash and cash equivalents

7                                         Cash and cash equivalents

 

 

 

As of December 31,

 

 

 

2011

 

2010

 

Cash

 

945

 

560

 

Cash equivalents

 

2,586

 

7,024

 

 

 

3,531

 

7,584

 

 

All the above mentioned short-term investments are made through the use of low risk fixed income securities, in a way that those denominated in Brazilian Reais are concentrated in investments indexed to the CDI, and those denominated in US dollars are mainly time deposits, with the original due date less than three months.