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Accounts receivable | 6 Months Ended
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Jun. 30, 2023
Notes and other explanatory information [abstract] |
Accounts receivable |
| 10. | Accounts receivable
Schedule of accounts receivable |  |  |
| Notes | June 30, 2023 | December 31, 2022
Receivables from contracts with customers |  |  |
Related parties | 29 | 118 | 211
Third parties |  |  |
Iron Solutions |  | 2,146 | 3,132
Energy Transition Metals |  | 731 | 984
Other |  | 16 | 35
Accounts receivable |  | 3,011 | 4,362
Expected credit loss |  | (44) | (43)
Accounts receivable, net |  | 2,967 | 4,319
No customer individually represented 10% or more of the Company’s accounts receivable or revenues in the periods presented above. Provisionally priced commodities sales – The Company is mainly exposed to iron ore and copper price risk. The final sales price of these commodities is calculated based on the pricing period stipulated in the sales contracts, which generally is later than the revenue recognition date. Therefore, the Company initially recognizes revenue based on a provisional invoice and the receivables of the provisionally priced products are subsequently measured at fair value through profit or loss (note 19), with these changes in the value of the receivables recorded in the Company's net operating revenue. The sensitivity of the Company’s risk on final settlement of provisionally priced accounts receivables is presented below:
Schedule of sensitivity of the company’s risk on final settlement |  |  |  |
| June 30, 2023
| Thousand metric tons | Provisional price (US$/ton) | Variation | Effect on Revenue (US$ million)
Iron ore | 22,564 | 102 | +/- 10% | +/- 230
Copper | 77 | 7,811 | +/- 10% | +/- 60

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- Definition The disclosure of trade and other receivables. [Refer: Trade and other receivables] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2023-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_10_e&doctype=Standard -URIDate 2023-03-23 + Details
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