XML 112 R56.htm IDEA: XBRL DOCUMENT v3.22.1

Financial and capital risk management (Tables)

12 Months Ended

Dec. 31, 2021

Ifrs Statement [Line Items]

Schedule for risks, origination and management

​

Risks		Origin of the exhibition		Management
Market Risk - Exchange Rate	​	Financial instruments and other financial liabilities that are not denominated in US$	​	Swap and forward operations	​
Market risk - Interest rate	​	Loans and financing indexed to different interest rates including, but not limited to, LIBOR and CDI	​	Swap operations	​
Market risk - Product and input prices	​	Volatility of commodity and input prices	​	Forward operations and option contracts	​
Credit Risk	​	Receivables, derivative transactions, guarantees, advances to suppliers and financial investments	​	Portfolio diversification and policies for monitoring counterparty solvency and liquidity indicators	​
Liquidity risk	​	Contractual or assumed obligations	​	Availability of revolving credit lines	​

Schedule of protection program

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Financial

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​

settlement

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​

​

​

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Inflows

​

​

​

Fair value

​

​

Notional

​

​

​

​

​

Fair value

​

(Outflows)

​

Value at Risk

​

by year

Flow

December 31, 2021

December 31, 2020

Bought / Sold

Average strike (US$/bbl)

December 31, 2021

December 31, 2020

December 31, 2021

December 31, 2021

2022

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Brent crude oil (bbl)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Call options

​

762,000

​

13,746,945

​

B

​

81

​

7

​

92

​

175

​

1

​

7

Put options

​

762,000

​

13,746,945

​

S

​

55

​

(2)

​

(12)

​

—

​

—

​

(2)

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​

​

​

​

​

​

​

​

​

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​

​

​

​

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Forward Freight Agreement (days)

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Freight forwards (days)

​

330

​

1,625

​

B

​

23,650

​

1

​

4

​

30

​

—

​

1

​

​

​

​

​

​

Schedule of derivatives effects on statement of financial position

​

​	​	​	​	​	​	​	​	​
​	​	Assets
​	​	December 31, 2021			​	December 31, 2020
​		Current		Non-current		Current		Non-current
Foreign exchange and interest rate risk	​	​	​	​	​	​	​	​
IPCA swap	​	41	​	—	​	7	​	38
Eurobond's swap	​	—	​	—	​	—	​	3
Pre-dollar swap and forward transactions	​	20	​	9	​	—	​	9
Libor swap	​	1	​	11	​	—	​	—
​	​	62	​	20	​	7	​	50
​	​	​	​	​	​	​	​	​
Commodities price risk	​	​	​	​	​	​	​	​
Base metals products	​	28	​	—	​	30	​	—
Gasoil, Brent and freight	​	8	​	—	​	97	​	—
​	​	36	​	—	​	127	​	—
Others		13	​	—	​	—	​	16
​		13	​	—	​	—	​	16
Total		111	​	20	​	134	​	66

​

​	​	​	​	​	​	​	​	​
​	​	Liabilities
​	​	December 31, 2021			​	December 31, 2020
​		Current		Non-current		Current		Non-current
Foreign exchange and interest rate risk	​	​	​	​	​	​	​	​
CDI & TJLP vs. US$ fixed and floating rate swap	​	151	​	440	​	111	​	525
IPCA swap	​	6	​	113	​	72	​	100
Eurobond's swap	​	—	​	—	​	4	​	—
Pre-dollar swap and forward transactions	​	57	​	38	​	63	​	58
Libor swap	​	—	​	1	​	1	​	6
​	​	214	​	592	​	251	​	689
Commodities price risk	​	​	​	​	​	​	​	​
Base metals products	​	27	​	—	​	46	​	—
Gasoil, Brent and freight	​	2	​	—	​	13	​	—
​	​	29	​	—	​	59	​	—
Others	​	—	​	—	​	18	​	—
​	​	—	​	—	​	18	​	—
Total	​	243	​	592	​	328	​	689

​

​	​	​	​	​
​		December 31, 2021		December 31, 2020
Foreign exchange and interest rate risk
CDI & TJLP vs. US$ fixed and floating rate swap		(591)		(636)
IPCA swap		(78)		(127)
Eurobond's swap		—		(1)
Pre-dollar swap and forward transactions		(66)		(112)
Libor swap (i)		11		(7)
​		(724)		(883)
Commodities price risk
Base metals products		1		(16)
Gasoil, Brent and freight		6		84
​		7		68
Others		13		(2)
​		13		(2)
Total		(704)		(817)

Schedule of effects of derivatives on income statement and cash flow

​

​	​	​	​	​	​	​
​	​	Gain (loss) recognized in the income statement
​	​	Year ended December 31,
​		2021		2020		2019
Foreign exchange and interest rate risk	​	​	​	​	​	​
CDI & TJLP vs. US$ fixed and floating rate swap	​	(155)	​	(746)	​	(39)
IPCA swap	​	28	​	(262)	​	118
Eurobonds swap	​	(28)	​	28	​	(39)
Pre-dollar swap and forward transactions	​	(20)	​	(160)	​	2
Libor swap	​	16	​	(7)	​	—
​	​	(159)	​	(1,147)	​	42
Commodities price risk	​	​	​	​	​	​
Base metals products	​	(2)	​	10	​	58
Gasoil, Brent and freight	​	127	​	(134)	​	42
​	​	125	​	(124)	​	100
​	​	​	​	​	​	​
Others	​	11	​	61	​	102
​	​	11	​	61	​	102
Total	​	(23)	​	(1,210)	​	244

​

​	​	​	​	​	​	​
​	​	Financial settlement inflows (outflows)
​	​	Year ended December 31,
​		2021		2020		2019
Foreign exchange and interest rate risk
CDI & TJLP vs. US$ fixed and floating rate swap		(142)		(141)		(381)
IPCA swap		(18)		—		(28)
Eurobonds swap		(29)		(6)		(5)
Pre-dollar swap and forward transactions		(79)		(49)		8
Libor swap	​	(2)	​	—	​	—
​		(270)		(196)		(406)
Commodities price risk		​		​		​
Base metals products		—		8		48
Gasoil, Brent and freight		205		(206)		2
​		205		(198)		50
Others	​	—	​	68	​	21
​	​	​	​	​	​	​
Derivatives designated as cash flow hedge accounting		​		​		​
Nickel		(67)		292		11
Palladium	​	5	​	—	​	—
Coal	​	(70)	​	—	​	—
​	​	(132)	​	292	​	11
Total		(197)		(34)		(324)

Schedule of effects of derivatives on other comprehensive income

​

​	​	​	​	​	​	​
​	​	Gain(loss) recognized in the other comprehensive income
​	​	Year ended December 31,
​		2021		2020		2019
Net investments hedge		(118)		(578)		(74)
Cash flow hedge (Nickel and Palladium)		3		(105)		102

Schedule of sensitivity analysis of derivative financial instruments

​

​	​	​	​	​	​	​	​	​
Instrument		Instrument’s main risk events		Probable		Scenario I		Scenario II
​	​	​	​	​	​	​	​	​
CDI vs. US$ fixed rate swap		R$ depreciation		(461)		(945)	​	(1,429)
​		US$ interest rate inside Brazil decrease		(461)		(493)	​	(526)
​		Brazilian interest rate increase		(461)		(497)	​	(534)
Protected item: R$ denominated liabilities		R$ depreciation		n.a.		—	​	—
​	​	​	​	​	​	​	​	​
TJLP vs. US$ fixed rate swap		R$ depreciation		(129)		(204)	​	(279)
​		US$ interest rate inside Brazil decrease		(129)		(132)	​	(136)
​		Brazilian interest rate increase		(129)		(139)	​	(147)
​		TJLP interest rate decrease		(129)		(135)	​	(140)
Protected item: R$ denominated debt		R$ depreciation		n.a.		—	​	—
​	​	​	​	​	​	​	​	​
R$ fixed rate vs. US$ fixed rate swap		R$ depreciation		(63)		(324)	​	(585)
​		US$ interest rate inside Brazil decrease		(63)		(73)	​	(83)
​		Brazilian interest rate increase		(63)		(103)	​	(139)
Protected item: R$ denominated debt		R$ depreciation		n.a.		—	​	—
​	​	​	​	​	​	​	​	​
IPCA swap vs. US$ fixed rate swap		R$ depreciation		(118)		(216)	​	(315)
​		US$ interest rate inside Brazil decrease		(118)		(124)	​	(132)
​		Brazilian interest rate increase		(118)		(135)	​	(153)
​		IPCA index decrease		(118)		(127)	​	(136)
Protected item: R$ denominated debt		R$ depreciation		n.a.		—	​	—
​	​	​	​	​	​	​	​	​
IPCA swap vs. CDI swap		Brazilian interest rate increase		41		39	​	36
​		IPCA index decrease		41		40	​	38
Protected item: R$ denominated debt linked to IPCA		IPCA index decrease		n.a.		(40)	​	(38)
​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​
US$ floating rate vs. US$ fixed rate swap	​	US$ Libor decrease	​	11	​	3	​	(5)
Protected item: Libor US$ indexed debt	​	US$ Libor decrease	​	n.a.	​	(3)	​	5
​	​	​	​	​	​	​	​	​
NDF BRL/USD	​	R$ depreciation	​	(4)	​	(245)	​	(487)
​	​	US$ interest rate inside Brazil decrease	​	(4)	​	(11)	​	(17)
​	​	Brazilian interest rate increase	​	(4)	​	(29)	​	(52)
Protected item: R$ denominated liabilities	​	R$ depreciation	​	n.a.	​	—	​	—
​	​	​	​	​	​	​	​	​
Instrument	​	Instrument's main risk events	​	Probable	​	Scenario I	​	Scenario II
Fuel oil protection
Options		Price input decrease		5	​	(4)	​	(14)
Protected item: Part of costs linked to fuel oil prices		Price input decrease		n.a.	​	4	​	14
​	​	​	​	​	​	​	​	​
Forward Freight Agreement	​	​	​	​	​	​	​	​
Forwards	​	Freight price decrease	​	1	​	(1)	​	(3)
Protected item: Part of costs linked to maritime freight prices	​	Freight price decrease	​	n.a.	​	1	​	3
​	​	​	​	​	​	​	​	​
Nickel sales fixed price protection				​	​	​	​	​
Forwards		Nickel price decrease		1	​	—	​	(2)
Protected item: Part of nickel revenues with fixed prices		Nickel price decrease		n.a.	​	—	​	2
​	​	​	​	​	​	​	​	​
Hedge program for products acquisition for resale (tons)	​	​	​	​	​	​	​	​
Forwards	​	Nickel price increase	​	(1)	​	(5)	​	(11)
Protected item: Part of revenues from products for resale	​	Nickel price increase	​	n.a.	​	5	​	11
​	​	​	​	​	​	​	​	​
Nickel Revenue Hedging Program	​	​	​	​	​	​	​	​
Options	​	Nickel price increase	​	(26)	​	(233)	​	(440)
Protected item: Part of nickel revenues with fixed sales prices	​	Nickel price increase	​	n.a.	​	233	​	440
​	​	​	​	​	​	​	​	​
Palladium Revenue Hedging Program	​	​	​	​	​	​	​	​
Options	​	Palladium price increase	​	25	​	10	​	(2)
Protected item: Part of palladium future revenues	​	Palladium price increase	​	n.a.	​	(10)	​	2
​	​	​	​	​	​	​	​	​
Option - SPCs	​	SPCs stock value decrease	​	13	​	3	​	—

​

​	​	​	​	​	​	​	​	​
Instrument		Main risks		Probable		Scenario I		Scenario II
Embedded derivatives - Raw material purchase (nickel)		Nickel price increase		(1)	​	(22)	​	(44)
Embedded derivatives - Raw material purchase (copper)		Copper price increase		—	​	(4)	​	(8)
Embedded derivatives - Gas purchase		Pellet price increase		(1)	​	(2)	​	(3)

Summary of ratings published by Moody's regarding the main financial institutions

​

​	​	​	​	​	​	​	​	​
​	​	December 31, 2021			​	December 31, 2020
​		Cash and cash		​		Cash and cash		​
​	​	equivalents	​	​	​	equivalents	​	​
​	​	and	​	​	​	and	​	​
​		investment		Derivatives		investment		Derivatives
Aa1		128		—		92		—
Aa2		285		15		363		14
Aa3		495		34		1,147		37
A1		1,145		3		2,574		21
A2		3,478		39		4,760		55
A3		1,518		20		540		40
Baa1		90		—		4		—
Baa2		10		—		2		—
Ba2 (i)		2,763		5		2,932		2
Ba3 (i)		1,988		—		1,842		4
Others		5		15		2		27
​		11,905		131		14,258		200

Schedule of carrying amount of the financial assets that represent the exposure to credit risk

​

​	​	​	​	​
​		December 31, 2021		December 31, 2020
Cash and cash equivalents (note 23)		11,721		13,487
Short-term investments (note 23)		184		771
Restricted cash		117		38
Judicial deposits (note 28)		1,220		1,268
Derivative financial instruments		131		200
Investments in equity securities (note 14a)		6		757
Related parties - Loans (note 31)		—		1,118
Total		13,379		17,639

Eurobonds with derivative offset

Ifrs Statement [Line Items]

Schedule of protection program

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​

​

​

​

​

​

​

​

​

​

​

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​

​

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​

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​

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​

Financial

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​

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​

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​

​

​

​

​

​

​

​

Settlement

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Inflows

​

​

​

​

​

​

​

​

​

​

Notional

​

​

​

​

​

Fair value

(Outflows)

​

Value at Risk

​

Fair value by year

​

December 31,

December 31,

​

​

Average

December 31,

December 31,

December 31,

December 31,

​

​

​

​

​

Flow

2021

2020

Index

rate

2021

2020

2021

2021

2022

2023

2024+

CDI vs. US$ fixed rate swap

​

​

(461)

(473)

(65)

40

(105)

(64)

(292)

Receivable

R$

8,142

R$

9,445

CDI

100.40

%

​

​

​

​

Payable

US$

1,906

US$

2,213

Fix

2.54

%

​

​

TJLP vs. US$ fixed rate swap

​

​

(130)

(163)

(52)

6

(46)

(13)

(71)

Receivable

R$

1,192

R$

1,651

TJLP +

1.10

%

Payable

US$

320

US$

460

Fix

3.19

%

R$ fixed rate vs. US$ fixed rate swap

​

​

62

(111)

(87)

22

(51)

(6)

(5)

Receivable

R$

5,730

R$

2,512

Fix

3.82

%

Payable

US$

1,084

US$

621

Fix

1.58

%

IPCA vs. US$ fixed rate swap

​

​

​

(118)

(173)

(57)

8

(5)

(13)

(100)

Receivable

R$

1,508

R$

2,363

IPCA +

4.54

%

Payable

US$

373

US$

622

Fix

3.88

%

IPCA vs. CDI swap

​

​

40

45

7

—

40

—

—

Receivable

R$

769

R$

694

IPCA +

6.63

%

Payable

R$

1,350

R$

550

CDI

98.76

%

EUR fixed rate vs. US$ fixed rate swap

​

​

—

(1)

(29)

—

—

—

—

Receivable

​

—

EUR

500

Fix

0.00

%

Payable

​

​

—

​

US$

613

​

Fix

​

0.00

%

​

​

​

​

​

​

​

​

​

​

​

​

​

Forward

R$

6,013

R$

916

B

5.57

​

(4)

(1)

15

20

15

​

(9)

(10)

Libor floating interest rate US$ denominated debt

Ifrs Statement [Line Items]

Schedule of protection program

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​

​

​

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Financial

​

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​

​

​

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Settlement

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Inflows

​

Value at

​

​

​

​

​

​

​

Notional

​

​

​

Fair value

(Outflows)

Risk

Fair value by year

​

​

December 31,

​

December 31,

​

​

​

Average

​

December 31,

​

December 31,

​

December 31,

​

December 31,

​

​

​

​

​

​

Flow

2021

2020

Index

rate

2021

2020

2021

2021

2022

2023

2024+

Libor vs. US$ fixed rate swap

​

​

​

​

​

11

(7)

(1)

2

1

8

2

Receivable

​

US$

950

​

US$

950

Libor

0.13

%

Payable

​

US$

950

​

US$

950

Fix

0.48

%

Protection programs for base metals raw materials and products - Nickel revenue hedging program

Ifrs Statement [Line Items]

Schedule of protection program

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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Financial

​

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​

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​

​

​

​

​

settlement

​

​

​

​

​

​

​

​

​

​

​

​

Inflows

​

​

​

Fair value

​

​

Notional (ton)

​

​

​

​

​

Fair value

(Outflows)

​

Value at Risk

​

by year

​

​

December 31,

​

December 31,

​

Bought/

​

Average strike

​

December 31,

​

December 31,

​

December 31,

​

December 31,

​

​

Flow

2021

2020

Sold

(US$/ton)

2021

2020

2021

2021

2022

Nickel Revenue Hedge Program

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Call options

—

58,620

S

—

​

—

(46)

(67)

​

—

—

Put options

​

—

​

58,620

​

B

​

—

​

—

​

28

​

—

​

—

​

—

Forward

39,575

—

S

20,008

​

(26)

—

—

​

23

(26)

Total

​

​

(26)

(18)

(67)

​

23

(26)

Protection programs for base metals raw materials and products - Palladium revenue hedging program

Ifrs Statement [Line Items]

Schedule of protection program

​

​

​

​

​

​

​

​

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Financial

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​

​

​

​

​

​

​

​

​

​

​

​

settlement

​

​

​

Fair

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Inflows

​

Value at

​

value

​

​

Notional (t oz)

​

​

​

​

​

Fair value

​

(Outflows)

​

Risk

​

by year

​

December 31,

December 31,

Bought /

Average strike

December 31,

December 31,

December 31,

December 31,

​

Flow

2021

2020

Sold

​

(US$/t oz)

2021

2020

​

2021

2021

​

2022

Palladium Revenue Hedge Program

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Call Options

44,228

7,200

S

3,370

(1)

(1)

—

2

(1)

Put Options

44,228

7,200

B

​

2,436

26

—

5

15

26

Total

​

​

​

​

​

​

​

​

25

​

(1)

5

17

25

Metallurgical Coal Revenue Hedge Program

Ifrs Statement [Line Items]

Schedule of protection program

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial

​

​

​

​

​

​

​

​

​

​

​

​

​

settlement

​

​

​

Fair

​

​

​

​

​

​

​

​

​

​

​

​

Inflows

​

​

​

Value by

​

​

Notional (ton)

​

​

​

Fair Value

​

(Outflows)

​

Risk Value

​

year

​

​

December

​

December

​

​

​

December 31,

​

December

​

December

​

December

​

​

Flow

​

31, 2021

​

31, 2020

​

Buy / Sell

​

2021

​

31, 2020

​

31, 2021

​

31, 2021

​

2022

Metallurgical Coal Revenue Hedge Program

—

—

S

—

—

(8)

—

—

Thermal coal revenue Hedge Program

Ifrs Statement [Line Items]

Schedule of protection program

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial

​

​

​

​

​

​

​

​

​

​

​

​

settlement

​

​

​

Fair

​

​

​

​

​

​

​

​

​

​

​

​

Inflows

​

​

​

value by

​

​

Notional (ton)

​

​

​

Fair Value

​

(Outflows)

​

Risk Value

​

year

​

​

December

​

December

​

Bought /

​

December 31,

​

December

​

December

​

December

​

​

Flow

​

31, 2021

​

31, 2020

​

Sold

​

2021

​

31, 2020

​

31, 2021

​

31, 2021

​

2022

Thermal coal revenue Hedge Program

New Castle

—

—

S

—

—

(43)

—

—

API4

—

—

S

—

—

(18)

—

—

Total

​

​

​

—

—

(61)

—

—

Embedded derivatives -forward contracts

Ifrs Statement [Line Items]

Schedule of protection program

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Financial

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

settlement

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Inflows

​

​

​

​

​

​

Notional

​

​

​

Average

​

Fair value

(Outflows)

​

Value at Risk

​

Fair value

​

​

December 31,

​

December 31,

​

Bought/

​

strike

​

December 31,

​

December 31,

​

December 31,

​

December 31,

​

​

Flow

2021

2020

Sold

(US$/bbl)

2021

2020

2021

2021

2022+

Option related to a Special Purpose Entity “SPE” (quantity)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Call option

​

137,751,623

​

137,751,623

​

B

​

3.12

​

13

​

18

​

—

​

2

​

13

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Embedded derivative in natural gas purchase agreement (volume/month)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Call options

​

729,571

​

746,667

​

S

​

233

​

(1)

​

—

​

3

​

1

​

(1)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Embedded derivative in raw material purchase contract (tons)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nickel forwards

​

4,269

​

1,497

​

S

​

19,817

​

(1)

​

2

​

—

​

2

​

(1)

Copper forwards

​

1,603

​

1,009

​

S

​

9,571

​

—

​

—

​

—

​

—

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Minimum return guarantee on part of the stake in an associate sold to investment fund

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Put option

​

—

​

—

​

S

​

—

​

—

​

(19)

​

—

​

—

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Fixed price sales protection (ton)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nickel forwards

​

342

​

—

​

B

​

16,284

​

1

​

—

​

2

​

—

​

1

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Hedge program for products acquisition for resale (tons)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Nickel forwards

1,206

—

S

20,055

(1)

—

​

1

1

(1)

X

- Definition

The disclosure of detailed information about hedges.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Note Expiry date 2023-01-01
-Name IFRS
-Number 7
-IssueDate 2021-01-01
-Paragraph 22
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_22&doctype=Standard&book=b
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+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Note Expiry date 2023-01-01
-Name IFRS
-Number 7
-IssueDate 2021-01-01
-Paragraph IG24
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_IG24&doctype=Implementation%20Guidance&book=b
-URIDate 2021-03-24

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-Note Expiry date 2023-01-01
-Name IFRS
-Number 7
-IssueDate 2021-01-01
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-Subparagraph c
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_36_c&doctype=Standard&book=b
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+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2021-01-01
-Paragraph 40
-Subparagraph a
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&anchor=para_40_a&doctype=Standard
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