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Non-current assets and liabilities held for sales and discontinued operations (Tables)

12 Months Ended

Dec. 31, 2021

Non-current assets and liabilities held for sales and discontinued operations

Schedule of net non-current assets held for sale


		December 31, 2021
		Coal (Discontinued
		operation)		Manganese		Other assets		Total
Assets
Accounts receivable		—		11		—		11
Inventories		167		12		—		179
Taxes		364		17		—		381
Investments		—		—		377		377
Other assets		21		1		6		28
Total assets		552		41		383		976

Liabilities
Suppliers and contractors		110		10		—		120
Other liabilities		232		3		—		235
Total liabilities		342		13		—		355

Net non-current assets held for sale		210		28		383		621

Schedule of net income and cash flows from discontinued operations


		Year ended December 31,
		2021		2020		2019
Net income from discontinued operations
Net operating revenue		1,083		473		1,021
Cost of goods sold and services rendered		(1,386)		(1,475)		(1,875)
Operating expenses		(33)		(43)		(29)
Impairment and disposals of non-current assets		(3,282)		(935)		(1,691)
Operating income (loss)		(3,618)		(1,980)		(2,574)
Financial Results, net		447		2		(20)
Equity results in associates and joint ventures		(26)		(43)		(25)
Loss before income taxes		(3,197)		(2,021)		(2,619)
Income taxes		821		297		—
Loss from discontinued operations		(2,376)		(1,724)		(2,619)
Loss attributable to noncontrolling interests		(85)		(347)		(612)
Loss attributable to Vale's stockholders		(2,291)		(1,377)		(2,007)


		Year ended December 31,
		2021		2020		2019
Cash flow from discontinued operations
Operating activities
Loss before income taxes		(3,197)		(2,021)		(2,619)
Adjustments:
Equity results in associates and joint ventures		26		43		25
Depreciation, amortization and depletion		69		19		237
Impairment and disposals of non-current assets		3,282		935		1,691
Financial Results, net		(447)		(2)		20
Increase (decrease) in assets and liabilities		(49)		(29)		9
Net cash provided by operating activities		(316)		(1,055)		(637)

Investing activities
Additions to property, plant, and equipment		(194)		(203)		(240)
Acquisition of NLC, net of cash		(2,345)		-		-
Others		70		74		127
Net cash provided (used) in investing activities		(2,469)		(129)		(113)

Financing activities
Payments		(13)		(15)		(14)
Net cash used in financing activities		(13)		(15)		(14)
Net cash provided (used) by discontinued operations		(2,798)		(1,199)		(764)

Summary of fair values of identifiable assets acquired and liabilities assumed as a result of the acquisition


		June 22, 2021
Acquired assets
Cash and cash equivalents		172
Inventory, recoverable tax, and other assets		423
Intangible		2,219
Property, plant, and equipment		1,363
Assumed liabilities		(158)
Net identifiable assets acquired		4,019
Fair value adjustments (i)		(1,590)
Total identifiable net assets at fair value		2,429

Pre-existing relation (Loans receivable from NLC)		859
Loss on pre-existing relation		(771)
		2,517

Cash consideration		2,517
(-) Balances acquired
Cash and cash equivalents		172
Net cash outflow		2,345

(i) Of this amount, US$441 was allocated to property, plant, and equipment and US$791 was allocated to intangible and the remaining amount was allocated to other assets.