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v3.24.1.u1

Related parties (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Notes and other explanatory information [abstract] |
Schedule of transactions with related parties |
Schedule of transactions with related parties |  |  |  |  |  |  |  |  |
| Year ended December 31,
| 2023 | 2022 | 2021
| 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 | 93 | - | - | 434 | - | (3) | 640 | - | 3
Aliança Geração de Energia S.A. | - | (126) | - | - | (121) | - | 5 | (105) | -
Pelletizing companies (i) | - | (227) | (38) | - | (337) | (34) | - | (349) | (15)
MRS Logística S.A. | - | (453) | - | 1 | (397) | - | - | (279) | -
Norte Energia S.A. | - | (107) | - | - | (135) | - | - | (114) | -
Other | 32 | (10) | 1 | 41 | (8) | - | - | (10) | (1)
| 125 | (923) | (37) | 476 | (998) | (37) | 645 | (857) | (13)
Associates |  |  |  |  |  |  |  |  |
VLI | 321 | (29) | (3) | 289 | (26) | (3) | 255 | (21) | (2)
Other | - | (1) | - | 1 | - | - | 1 | - | -
| 321 | (30) | (3) | 290 | (26) | (3) | 256 | (21) | (2)
Shareholders |  |  |  |  |  |  |  |  |
Cosan | 10 | (11) | - | - | - | - | - | - | -
Bradesco | - | - | 201 | - | - | 381 | - | - | (528)
Banco do Brasil | - | - | - | - | - | 3 | - | - | 13
Mitsui | 280 | - | - | 416 | - | - | 261 | - | -
| 290 | (11) | 201 | 416 | - | 384 | 261 | - | (515)
Total of continuing operations | 736 | (964) | 161 | 1,182 | (1,024) | 344 | 1,162 | (878) | (530)
Discontinued operation - Coal | - | - | - | - | - | - | - | (95) | 15
Total | 736 | (964) | 161 | 1,182 | (1,024) | 344 | 1,162 | (973) | (515)
(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 |  |  |  |  |  |
| Assets
| December 31, 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) | - | - | 27 | - | - | 25
MRS Logística S.A. | - | 16 | 34 | - | - | 25
Other | - | 4 | 43 | - | 4 | 50
| - | 20 | 104 | - | 95 | 117
Associates |  |  |  |  |  |
VLI | - | 46 | - | - | 14 | -
Other | - | 1 | 2 | - | - | 1
| - | 47 | 2 | - | 14 | 1
Shareholders |  |  |  |  |  |
Cosan | - | 1 | - | - | - | -
Bradesco | 176 | - | 313 | 335 | - | 154
Banco do Brasil | 58 | - | - | 30 | - | -
Mitsui | - | 5 | - | - | 89 | -
| 234 | 6 | 313 | 365 | 89 | 154
Pension plan | - | 16 | - | - | 13 | -
Total | 234 | 89 | 419 | 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
| December 31, 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) | 51 | 290 | 63 | 400
MRS Logística S.A. | 48 | - | 57 | -
Other | 39 | - | 31 | -
| 138 | 290 | 151 | 400
Associates |  |  |  |
VLI | 1 | 59 | 5 | 53
Other | 4 | - | 3 | -
| 5 | 59 | 8 | 53
Shareholders |  |  |  |
Cosan | 1 | - | - | -
Bradesco | - | 23 | - | 75
Mitsui |  |  | 1 |
| 1 | 23 | 1 | 75
Pension plan | 14 | - | 11 | -
Total | 158 | 372 | 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.
Schedule of remuneration of key management personnel |
Schedule of remuneration of key management personnel |  |  |  |  |  |
|  | Year ended December 31,
|  | 2023 |  | 2022 |  | 2021
Short-term benefits |  |  |  |  |  |
Wages |  | 11 |  | 10 |  | 9
Direct and indirect benefits |  | 1 |  | 2 |  | 1
Profit sharing program (“PLR”) |  | 11 |  | 12 |  | 10
Total short- term benefits |  | 23 |  | 24 |  | 20
Long-term benefits |  |  |  |  |  |
Shares based |  | 14 |  | 18 |  | 12
Severance |  | 2 |  | 2 |  | 1
Total short and long-term benefits |  | 39 |  | 44 |  | 33

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