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v3.23.3

Related parties | 6 Months Ended
--- | ---
Jun. 30, 2023
Notes and other explanatory information [abstract] |
Related parties |
| 29. | Related parties
The Company’s related parties are subsidiaries, joint ventures, associates, shareholders and its related entities and key management personnel of the Company. Related party transactions were made by the Company on terms equivalent to those that prevail in arm´s-length transactions, with respect to price and market conditions that are no less favorable to the Company than those arranged with third parties. Net operating revenue relates to sale of iron ore to the steelmakers and right to use capacity on railroads. Cost and operating expenses mostly relates to the variable lease payments of the pelletizing plants. Purchases, accounts receivable and other assets, and accounts payable and other liabilities relate largely to amounts charged by joint ventures and associates related to the pelletizing plants operational lease and railway transportation services. a) Transactions with related parties
Schedule of transactions with related parties |  |  |  |  |  |
| Three-month period ended June 30,
| 2023 | 2022
| Net operating revenue | Cost and operating expenses | Financial result | Net operating revenue | Cost and operating expenses | Financial result
Joint Ventures |  |  |  |  |  |
Companhia Siderúrgica do Pecém | - | - | - | 126 | - | 4
Aliança Geração de Energia S.A. | - | (26) | - | - | (28) | -
Pelletizing companies (i) | - | (45) | (11) | - | (98) | (11)
MRS Logística S.A. | - | (114) | - | (5) | (111) | -
Norte Energia S.A. | - | (33) | - | - | (32) | -
Other | 11 | (2) | - | 19 | - | (1)
| 11 | (220) | (11) | 140 | (269) | (8)
Associates |  |  |  |  |  |
VLI | 76 | (5) | - | 83 | (7) | -
Other | - | - | - | - | - | 2
| 76 | (5) | - | 83 | (7) | 2
Major shareholders |  |  |  |  |  |
Bradesco | - | - | 197 | - | - | (103)
Mitsui | 85 | - | - | 79 | - | -
| 85 | - | 197 | 79 | - | (103)
Total | 172 | (225) | 186 | 302 | (276) | (109)
(i) Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização and Companhia Nipo-Brasileira de Pelotização.
| Six-month period ended June 30,
| 2023 | 2022
| Net operating revenue | Cost and operating expenses | Financial result | Net operating revenue | Cost and operating expenses | Financial result
Joint Ventures |  |  |  |  |  |
Companhia Siderúrgica do Pecém | 93 | - | - | 255 | - | (2)
Aliança Geração de Energia S.A. | - | (52) | - | - | (53) | -
Pelletizing companies (i) | - | (88) | (25) | - | (168) | (20)
MRS Logística S.A. | - | (178) | - | 1 | (178) | -
Norte Energia S.A. | - | (60) | - | - | (63) | -
Other | 16 | (5) | - | 19 | (3) | (1)
| 109 | (383) | (25) | 275 | (465) | (23)
Associates |  |  |  |  |  |
VLI | 145 | (11) | (1) | 146 | (12) | (1)
| 145 | (11) | (1) | 146 | (12) | (1)
Major shareholders |  |  |  |  |  |
Bradesco | - | - | 269 | - | - | 182
Mitsui | 130 | - | - | 157 | - | -
| 130 | - | 269 | 157 | - | 182
Total | 384 | (394) | 243 | 578 | (477) | 158
(i) | Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização and Companhia Nipo-Brasileira de Pelotização.
b) Outstanding balances with related parties
Schedule of outstanding balances with related parties |  |  |  |  |  |
| Assets
| June 30, 2023 | December 31, 2022
| 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
Pelletizing companies (i) | - | - | 18 | - | - | 25
MRS Logística S.A. | - | - | 26 | - | - | 25
Other | - | 5 | 15 | - | 4 | 50
| - | 5 | 59 | - | 95 | 117
Associates |  |  |  |  |  |
VLI | - | 94 | - | - | 14 | -
Other | - | - | 2 | - | - | 1
| - | 94 | 2 | - | 14 | 1
Major shareholders |  |  |  |  |  |
Bradesco | 387 | - | 385 | 335 | - | 154
Banco do Brasil | 35 | - | - | 30 | - | -
Mitsui | - | 3 | - | - | 89 | -
| 422 | 3 | 385 | 365 | 89 | 154
Pension plan | - | 16 | - | - | 13 | -
Total | 422 | 118 | 446 | 365 | 211 | 272
(i) Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização and Companhia Nipo-Brasileira de Pelotização.
|  | Liabilities
| June 30, 2023 | December 31, 2022
| Supplier and contractors | Financial instruments and other liabilities | Supplier and contractors | Financial instruments and other liabilities
Joint Ventures |  |  |  |
Pelletizing companies (i) | 81 | 187 | 63 | 400
MRS Logística S.A. | 34 | - | 57 | -
Other | 34 | - | 31 | -
| 149 | 187 | 151 | 400
Associates |  |  |  |
VLI | 6 | 156 | 5 | 53
Other | 1 | - | 3 | -
| 7 | 156 | 8 | 53
Major shareholders |  |  |  |
Bradesco | - | 23 | - | 75
Mitsui | - | - | 1 | -
| - | 23 | 1 | 75
Pension plan | 13 | - | 11 | -
Total | 169 | 366 | 171 | 528
(i) | Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização and Companhia Nipo-Brasileira de Pelotização.

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