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v3.23.1

Other financial assets and liabilities (Tables) | 12 Months Ended
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Dec. 31, 2022
Other Financial Assets And Liabilities |
Schedule of other financial assets and liabilities |
Schedule of other financial assets and liabilities |  |  |  |  |  |  |  |  |
|  |  | Current |  | Non-Current
|  | Notes | December 31, 2022 |  | December 31, 2021 |  | December 31, 2022 |  | December 31, 2021
Other financial assets |  |  |  |  |  |  |  |  |
Restricted cash |  |  | - |  | - |  | 77 |  | 117
Derivative financial instruments |  | 20 | 342 |  | 111 |  | 196 |  | 20
Investments in equity securities (i) |  |  | - |  | - |  | 7 |  | 6
|  |  | 342 |  | 111 |  | 280 |  | 143
Other financial liabilities |  |  |  |  |  |  |  |  |
Derivative financial instruments |  | 20 | 90 |  | 243 |  | 186 |  | 592
Other financial liabilities - Related parties |  | 31 | 400 |  | 393 |  | - |  | -
Financial guarantees provided (ii) |  | 32(b) | - |  | - |  | 103 |  | 542
Liabilities related to the concession grant |  | 14(a) | 416 |  | 760 |  | 2,554 |  | 1,437
Contract liability and other advances (iii) |  |  | 766 |  | 916 |  | - |  | -
|  |  | 1,672 |  | 2,312 |  | 2,843 |  | 2,571
(i) | Corresponding to a 3.24% non-controlling interest in Boston Electrometallurgical Company, whose objective is to promote the development of a technology focused on reducing carbon dioxide emissions in steel production.
(ii) | In July 2022, the Company signed a binding agreement with ArcelorMittal for the sale of CSP. At the closing, CSP's debt will be settled and the financial liability related to the guarantee granted will be derecognized by Vale.
(iii) | Includes advances received from customers that meets the definition of contract liability described in IFRS 15 - Revenue from Contracts with Customers and other financial advances received that meet the definition of a financial liability described in IAS 32 - Financial Instruments: Presentation.
Summary of liabilities related to the concession grant |
Summary of liabilities related to the concession grant |  |  |  |  |  |  |  |  |  |
|  | December 31, 2021 |  | Addition |  | Present value adjustment |  | Disbursements |  | December 31, 2022
Payment obligation |  | 586 |  | 440 |  | 148 |  | (220) |  | 954
Infrastructure investment |  | 1,611 |  | 409 |  | 160 |  | (164) |  | 2,016
|  | 2,197 |  | 849 |  | 308 |  | (384) |  | 2,970
Current liabilities |  | 760 |  |  |  |  |  |  |  | 416
Non-current liabilities |  | 1,437 |  |  |  |  |  |  |  | 2,554
Liabilities |  | 2,197 |  |  |  |  |  |  |  | 2,970
Discount rate in nominal terms - Payment obligation |  | 11.04% |  |  |  |  |  |  |  | 11.04%
Discount rate in nominal terms - Infrastructure investment |  | 5.11% - 5.75% |  |  |  |  |  |  |  | 6.08% - 6.23%

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