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Employee benefits (Tables)
 6 Months Ended
Jun. 30, 2022
Employee Benefits  
Schedule of benefits include salaries, post-employment benefits, termination benefits

Employee benefits are all forms of consideration given by an entity in exchange for service rendered by employees or for the termination of employment. It also includes expenses with directors and management. Such benefits include salaries, post-employment benefits, termination benefits and other benefits.

  06.30.2022 12.31.2021
Liabilities    
Short-term employee benefits 1,180 1,289
Termination benefits 224 349
Post-employment benefits 9,464 9,880
Total 10,868 11,518
Current 2,007 2,144
Non-current 8,861 9,374
Schedule of employee benefits

  06.30.2022 12.31.2021
Variable compensation program - PPP 272 461
Accrued vacation and 13th salary 600 440
Salaries and related charges and other provisions 244 270
Profit sharing 64 118
Total 1,180 1,289
Current 1,177 1,286
Non-current (*) 3 3
(*)Remaining balance relating to the four-year deferral of 40% of the PPP portion of executive managers.
     
Schedule of recognized the statement of income

In the three and six-month periods ended June 30, 2022 and 2021, the Company recognized the following amounts in the statement of income:

 

  Jan-Jun/2022 Jan-Jun/2021 Apr-Jun/2022 Apr-Jun/2021
Salaries, accrued vacations and related charges (1,458) (1,310) (780) (657)
Variable compensation program - PPP (247) (195) (129) (101)
Profit sharing (65) (58) (34) (30)
Management fees and charges (5) (6) (2) (3)
Total (1,775) (1,569) (945) (791)
Schedule of pension plan assets

  Jan-Jun/2022 Jan-Jun/2021
Opening Balance 349 900
Effects in the statement of income 4 (8)
Enrollments 4 26
Revision of provisions − (34)
Effects in cash and cash equivalents (155) (123)
Terminations in the period (155) (123)
Cumulative translation adjustment 26 25
Closing Balance 224 794
Current 123 685
Non-current 101 109
Summary of Employee Benefits

The following table presents the balance of post-employment benefits:

 

  06.30.2022 12.31.2021
Liabilities    
Health Care Plan 4,919 4,485
Petros Pension Plan - Renegotiated (PPSP-R) 3,101 3,233
Petros Pension Plan - Non-renegotiated (PPSP-NR) 702 658
Petros Pension Plan - Renegotiated - Pre-70 (PPSP-R Pré 70) 300 817
Petros Pension Plan - Non-renegotiated - Pre-70 (PPSP-NR Pré 70) 249 511
Petros 2 Pension Plan (PP-2) 192 165
Other plans 1 11
Total 9,464 9,880
Current 706 651
Non-current 8,758 9,229

 
Schedule of supplementary pension plan assets

  PPSP-R (*) PPSP-NR (*)
Surplus registered by Petros 1,388 139
Financial assumptions (1,120) (364)
Ordinary and extraordinary sponsor contributions 2,190 652
Changes in fair value of plan assets (**) 1,447 543
Others (including Actuarial valuation method) 145 200
Net actuarial liability recorded by the Company 4,050 1,169
(*) It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.
(**) It includes balance of accounts receivable arising from the Term of Financial Commitment - TFC signed with Petrobras, which Petros recognizes as equity.

 
Changes in the actuarial liabilities is presented as follows:

Changes in the actuarial liabilities is presented as follows:

 

             
  Pension Plans Health Care Plan Other plans Total
  PPSP-R (*) PPSP-NR (*) Petros 2      
Balance at December 31, 2021 4,050 1,169 165 4,485 11 9,880
Recognized in the Statement of Income 233 74 17 309 − 633
Current service cost 5 1 7 53 − 66
Net interest 228 73 10 256 − 567
Cash effects (1,156) (371) − (162) − (1,689)
Contributions paid (141) (47) − (162) − (350)
Payments related to Term of financial commitment (TFC) (1,015) (324) − − − (1,339)
Other changes 274 79 10 287 (10) 640
Others − − 1 1 (11) (9)
Cumulative Translation Adjustment 274 79 9 286 1 649
Balance at June 30, 2022 3,401 951 192 4,919 1 9,464
(*) It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.

 

 

             
  Pension Plans Health Care Plan

Other

plans

 Total
  PPSP-R (*) PPSP-NR (*) Petros 2      
Balance at December 31, 2020 7,524 2,696 477 5,356 16 16,069
Recognized in the Statement of Income 248 87 37 265 1 638
Past service cost (1) − − − − (1)
Present value of obligation (730) (33) − − − (763)
Plan assets transferred to PP-3 496 22 − − − 518
Sponsor contribution for PP-3 233 11 − − − 244
Current service cost 5 − 20 83 − 108
Net interest 226 82 17 182 1 508
Interest on the obligations with contribution for the revision of the lump sum death benefit 18 5 − − − 23
Recognized in Equity - other comprehensive income (1,369) (352) − − 2 (1,719)
Remeasurement effects recognized in other comprehensive income (1,369) (352) − − 2 (1,719)
Cash effects (965) (539) − (159) − (1,663)
Contributions paid (134) (41) − (159) − (334)
Payments of obligations with contribution for the revision of the lump sum death benefit (**) (341) (102) − − − (443)
Payments related to Term of financial commitment (TFC) (490) (396) − − − (886)
Other changes 255 82 21 220 (4) 574
Others − − − − (1) (1)
Cumulative Translation Adjustment 255 82 21 220 (3) 575
Balance at June 30, 2021 5,693 1,974 535 5,682 15 13,899
(*) It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.
(**) On June 30, 2021, the Company prepaid the remaining balance of US$ 447.

 
The net expense with pension and health plans is presented below:

The net expense with pension and health plans is presented below:

 

    Pension Plans Health Care Plan Other Plans Total
  PPSP-R (*) PPSP-NR (*) Petros 2
Related to active employees (cost of sales and expenses) 17 3 10 112 − 142
Related to retirees (other income and expenses) 216 71 7 197 − 491
Net costs for Jan-Jun/2022 233 74 17 309 − 633
Related to active employees (cost of sales and expenses) 27 4 30 138 − 199
Related to retirees (other income and expenses) 203 78 7 127 1 416
Obligations with contribution for the revision of the lump sum death benefit 18 5 − − − 23
Net costs for Jan-Jun/2021 248 87 37 265 1 638
(*) It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.
             
    Pension Plans Health Care Plan Other Plans Total
  PPSP-R (*) PPSP-NR (*) Petros 2
Related to active employees (cost of sales and expenses) 9 2 5 57 − 73
Related to retirees (other income and expenses) 111 36 4 102 − 253
Net costs for Apr-Jun/2022 120 38 9 159 − 326
Related to active employees (cost of sales and expenses) 14 2 15 71 − 102
Related to retirees (other income and expenses) 102 39 4 64 1 210
Obligations with contribution for the revision of the lump sum death benefit 8 3 − − − 11
Net costs for Apr-Jun/2021 124 44 19 135 1 323
(*) It includes the balance of PPSP-R pre-70 and PPSP-NR pre-70.