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v3.23.1

Related parties (Tables) | 12 Months Ended
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Dec. 31, 2022
Related Parties |
Schedule of transactions with related parties |
Schedule of transactions with related parties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Year ended December 31,
|  | 2022 |  | 2021 |  | 2020
|  | Net operating revenue |  | Cost and operating expenses |  | Financial result |  | Net operating revenue |  | Cost and operating expenses |  | Financial result |  | Net operating revenue |  | Cost and operating expenses |  | Financial result
Joint Ventures |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Companhia Siderúrgica do Pecém |  | 434 |  |  |  | (3) |  | 640 |  | - |  | 3 |  | 353 |  | - |  | 8
Aliança Geração de Energia S.A. |  |  |  | (121) |  |  |  | 5 |  | (105) |  | - |  | 19 |  | (105) |  | -
Pelletizing companies (i) |  |  |  | (337) |  | (34) |  | - |  | (349) |  | (15) |  | - |  | (100) |  | (17)
MRS Logística S.A. |  | 1 |  | (397) |  |  |  | - |  | (279) |  | - |  | - |  | (227) |  | -
Norte Energia S.A. |  |  |  | (135) |  |  |  | - |  | (114) |  | - |  | - |  | (101) |  | -
Other |  | 41 |  | (8) |  |  |  | - |  | (10) |  | (1) |  | - |  | (13) |  | 13
|  | 476 |  | (998) |  | (37) |  | 645 |  | (857) |  | (13) |  | 372 |  | (546) |  | 4
Associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
VLI |  | 289 |  | (26) |  | (3) |  | 255 |  | (21) |  | (2) |  | 235 |  | (25) |  | (1)
Other |  | 1 |  |  |  | - |  | 1 |  | - |  | - |  | 5 |  | - |  | 3
|  | 290 |  | (26) |  | (3) |  | 256 |  | (21) |  | (2) |  | 240 |  | (25) |  | 2
Major shareholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Bradesco |  |  |  |  |  | 381 |  | - |  | - |  | (528) |  | - |  | - |  | (49)
Banco do Brasil |  |  |  |  |  | 3 |  | - |  | - |  | 13 |  | - |  | - |  | 17
Mitsui |  | 416 |  |  |  | - |  | 261 |  | - |  | - |  | 185 |  | - |  | -
|  | 416 |  | - |  | 384 |  | 261 |  | - |  | (515) |  | 185 |  | - |  | (32)
Total of continuing operations |  | 1,182 |  | (1,024) |  | 344 |  | 1,162 |  | (878) |  | (530) |  | 797 |  | (571) |  | (26)
Discontinued operation - Coal |  | - |  | - |  | - |  | - |  | (95) |  | 15 |  | - |  | (405) |  | 23
Total |  | 1,182 |  | (1,024) |  | 344 |  | 1,162 |  | (973) |  | (515) |  | 797 |  | (976) |  | (3)
(i) | Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização and Companhia Nipo-Brasileira de Pelotização.
Schedule of outstanding balances with related parties |
Schedule of outstanding balances with related parties |  |  |  |  |  |  |  |  |  |  |  |
|  |  | December 31, 2022 | December 31, 2021
|  |  |  |  |  |  | Assets |  |  |  |  | Assets
|  |  | Cash and cash equivalents |  | Accounts receivable |  | Dividends receivable and other assets | Cash and cash equivalents |  | Accounts receivable |  | Dividends receivable and other assets
Joint Ventures |  |  |  |  |  |  |  |  |  |  |  |
Companhia Siderúrgica do Pecém |  |  | - |  | 91 |  | 17 | - |  | 74 |  | 39
Companhias de Pelotização (i) |  |  | - |  | - |  | 25 | - |  | - |  | 37
MRS Logística S.A. |  |  | - |  | - |  | 25 | - |  | - |  | 19
Other |  |  | - |  | 4 |  | 50 | - |  | 1 |  | 1
|  |  | - |  | 95 |  | 117 | - |  | 75 |  | 96
Associates |  |  |  |  |  |  |  |  |  |  |  |
VLI |  |  | - |  | 14 |  |  | - |  | 16 |  | -
Other |  |  | - |  | - |  | 1 | - |  | 2 |  | 3
|  |  | - |  | 14 |  | 1 | - |  | 18 |  | 3
Major shareholders |  |  |  |  |  |  |  |  |  |  |  |
Bradesco |  |  | 335 |  | - |  | 154 | 1,746 |  | - |  | 5
Banco do Brasil |  |  | 30 |  | - |  | - | 79 |  | - |  | -
Mitsui |  |  | - |  | 89 |  | - | - |  | 4 |  | -
|  |  | 365 |  | 89 |  | 154 | 1,825 |  | 4 |  | 5
Pension plan |  |  | - |  | 13 |  | - | - |  | 12 |  | -
Total |  |  | 365 |  | 211 |  | 272 | 1,825 |  | 109 |  | 104
(i) | Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização and Companhia Nipo-Brasileira de Pelotização.
|  | December 31, 2022 |  | December 31, 2021
|  |  | Liabilities |  | Liabilities
|  |  | Supplier and contractors |  | Financial instruments and other liabilities |  | Supplier and contractors |  | Financial instruments and other liabilities
Joint Ventures |  |  |  |  |  |  |  |  |
Pelletizing companies (i) |  |  | 63 |  | 400 |  | 13 |  | 393
MRS Logística S.A. |  |  | 57 |  | - |  | 41 |  | -
Other |  |  | 31 |  | - |  | 16 |  | -
|  |  | 151 |  | 400 |  | 70 |  | 393
Associates |  |  |  |  |  |  |  |  |
VLI |  |  | 5 |  | 53 |  | 6 |  | 47
Other |  |  | 3 |  | - |  | 3 |  | -
|  |  | 8 |  | 53 |  | 9 |  | 47
Major shareholders |  |  |  |  |  |  |  |  |
Bradesco |  |  | - |  | 75 |  | - |  | 265
Mitsui |  |  | 1 |  | - |  | 2 |  | -
|  |  | 1 |  | 75 |  | 2 |  | 265
Pension plan |  |  | 11 |  | - |  | 10 |  | -
Total |  |  | 171 |  | 528 |  | 91 |  | 705
(i) | Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização and Companhia Nipo-Brasileira de Pelotização.
Schedule of remuneration of key management personnel |
Schedule of remuneration of key management personnel |  |  |  |  |  |
|  | Year ended December 31,
|  | 2022 |  | 2021 |  | 2020
Short-term benefits |  |  |  |  |  |
Wages |  | 10 |  | 9 |  | 9
Direct and indirect benefits |  | 2 |  | 1 |  | 1
Profit sharing program (“PLR”) |  | 12 |  | 10 |  | 8
Total short- term benefits |  | 24 |  | 20 |  | 18
Long-term benefits |  |  |  |  |  |
Shares based |  | 18 |  | 12 |  | 12
Severance |  | 2 |  | 1 |  | 7
Total short and long-term benefits |  | 44 |  | 33 |  | 37

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