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Other financial assets and liabilities | 6 Months Ended
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Jun. 30, 2024
Other Financial Assets And Liabilities |
Other financial assets and liabilities | 13. Other financial assets and liabilities
Schedule of other financial assets and liabilities |  |  |  |  |
|  | Current | Non-Current
| Notes | June 30, 2024 | December 31, 2023 | June 30, 2024 | December 31, 2023
Other financial assets |  |  |  |  |
Restricted cash |  | - | - | 4 | 4
Derivative financial instruments | 18 | 168 | 271 | 109 | 544
Investments in equity securities |  | - | - | 47 | 45
|  | 168 | 271 | 160 | 593
Other financial liabilities |  |  |  |  |
Derivative financial instruments | 18 | 135 | 36 | 105 | 95
Other financial liabilities - Related parties | 29(b) | 144 | 290 | - | -
Liabilities related to the concession grant | 13(a) | 680 | 591 | 2,551 | 3,278
Advances and other financial obligations (i) |  | 508 | 759 | - | -
|  | 1,467 | 1,676 | 2,656 | 3,373
(i) Includes advances received from customers and other financial obligations. a) Liabilities related to the concession grant
Schedule of liabilities related to the concession grant |  |  |  |  |  |  |  |  |
| Consolidated | Discount rate |
| December 31, 2023 | Revision to estimates | Monetary and present value adjustments | Disbursements | Translation adjustment | June 30, 2024 | June 30, 2024 | December 31, 2023 | Remaining term of obligations
Payment obligation | 1,130 | - | 53 | (29) | (147) | 1,007 | 11.04% | 11.04% | 33 years
Infrastructure investment | 2,739 | (99) | 69 | (142) | (343) | 2,224 | 6.48% - 6.51% | 5.17% - 5.54% | 8 years
| 3,869 | (99) | 122 | (171) | (490) | 3,231 |  |  |
Current liabilities | 591 |  |  |  |  | 680 |  |  |
Non-current liabilities | 3,278 |  |  |  |  | 2,551 |  |  |
Liabilities | 3,869 |  |  |  |  | 3,231 |  |  |
The Company is currently discussing with the Brazilian Ministry of Transport the general conditions for optimizing the investment plans of Estrada de Ferro Carajás (“EFC”) and Estrada de Ferro Vitória a Minas (“EFVM”) concessions contracts, both of which are currently being fulfilled by Vale in accordance with the contracts in place. The potential change in the agreements is still uncertain as it is subject to conclusion of the negotiations and approval by the Company and relevant authorities. Any changes to the existing obligation will be recorded after the conclusion of the negotiations and based on the final terms agreed. Therefore, until there is any change in the existing concession contracts, the Company will continue to comply with its obligations under the agreements, which are reflected in the Company’s liability recorded in these interim financial statements.

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