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Accounts receivable | 6 Months Ended
--- | ---
Jun. 30, 2024
Notes and other explanatory information [abstract] |
Accounts receivable | 10. Accounts receivable
Schedule of accounts receivable |  |  |
| Notes | June 30, 2024 | December 31, 2023
Receivables from contracts with customers |  |  |
Third parties |  |  |
Iron Solutions |  | 1,550 | 3,406
Energy Transition Metals |  | 663 | 743
Other |  | 8 | 3
Related parties | 29(b) | 156 | 89
Accounts receivable |  | 2,377 | 4,241
Expected credit loss |  | (45) | (44)
Accounts receivable, net |  | 2,332 | 4,197
Provisionally priced commodities sales – The Company is mainly exposed to iron ore and copper price risk. The determination of the final sales price for these commodities is based on the pricing period outlined in the sales contracts, typically occurring after the revenue recognition date. Consequently, the Company initially recognizes revenue using a provisional invoice. Subsequently, the receivables associated with provisionally priced products are measured at fair value through profit or loss (note 19). Any fluctuations in the value of these receivables are reflected in the Company's net operating revenue. The sensitivity of the Company’s risk related to the final settlement of provisionally priced accounts receivables is detailed below:
Schedule of final settlement of provisionally priced accounts receivables |  |  |  |
| June 30, 2024
| Thousand metric tons | Provisional price (US$/ton) | Variation | Effect on Revenue (US$ million)
Iron ore | 20,093 | 107 | +/- 10% | +/- 214
Copper | 64 | 8,986 | +/- 10% | +/- 57

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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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