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GOODWILL (Tables)
12 Months Ended
Dec. 31, 2020
GOODWILL  
Summary of changes in goodwill

 

 

 

 

 

 

 

 

    

 

    

Accumulated

    

Goodwill after

 

 

Goodwill

 

impairment losses

 

Impairment losses

Balance as of January 1, 2018

 

14,500,381

 

(6,609,239)

 

7,891,142

(+/-) Foreign exchange effect

 

2,283,577

 

(1,062,329)

 

1,221,248

Balance as of December 31, 2018

 

16,783,958

 

(7,671,568)

 

9,112,390

(+/-) Foreign exchange effect

 

661,247

 

(304,326)

 

356,921

Balance as of December 31, 2019

 

17,445,205

 

(7,975,894)

 

9,469,311

(+/-) Foreign exchange effect

 

4,976,383

 

(2,342,175)

 

2,634,208

Balance as of December 31, 2020

 

22,421,588

 

(10,318,069)

 

12,103,519

 

Schedule of goodwill by segment

 

 

 

 

 

 

 

 

    

2020

    

2019

    

2018

Brazil

 

373,135

 

373,135

 

373,135

Special Steel

 

3,828,841

 

2,969,752

 

2,854,888

North America

 

7,901,543

 

6,126,424

 

5,884,367

 

 

12,103,519

 

9,469,311

 

9,112,390