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19. RELATED-PARTY BALANCES AND TRANSACTIONS | 12 Months Ended
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Dec. 31, 2018
Related-party Balances And Transactions |
RELATED-PARTY BALANCES AND TRANSACTIONS | 19.a) Transactions with holding companies Vicunha Siderurgia S.A. is the Company’s main shareholder, with 49,24% of the voting shares. The Company’s control Vicunha Aços S.A. and Rio Iaco Participações S.A, the latter holding 4,22% of interest in the voting capital of the Company. The corporate structure of Vicunha Aços S.A is as follows: Vicunha Steel S.A. – holds 67.93% of Vicunha Aços S.A. CFL Participações S.A. – holds 12.82% of Vicunha Aços S.A. and 40% of Vicunha Steel S.A. Rio Purus Participações S.A. – holds 19.25% of Vicunha Aços S.A. and 60% of Vicunha Steel S.A.
| · | Liabilities
Companies |  | Proposed |
| Dividends |  |
Vicunha Aços |  | 439,913 |
Rio Iaco Participações S.A. |  | 37,640 |
Total at 12/31/2018 |  | 477,553 |
Total at 12/31/2017 |  | - |
19.b) Transactions with subsidiaries, joint ventures, associates, exclusive funds and other related parties
| · | By transaction
|  |  |  | Consolidated
|  | Current | Non-current | Total
|  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2018 |  | 12/31/2017
Assets |  |  |  |  |  |  |  |  |  |  |  |
Trade receivables(note 6) |  | 93,317 |  | 115,388 |  |  |  |  |  | 93,317 |  | 115,388
Dividends receivable (Note 8) |  | 46,171 |  | 41,528 |  |  |  |  |  | 46,171 |  | 41,528
Actuarial asset (note 8) |  |  |  |  |  | 99,894 |  | 111,281 |  | 99,894 |  | 111,281
Financial investments/ investments |  | 92,332 |  | 53 |  |  |  |  |  | 92,332 |  | 53
Loans (note 8) |  | 2,675 |  | 2,441 |  | 706,605 |  | 554,694 |  | 709,280 |  | 557,135
Other receivables (note 8) |  | 3,649 |  | 3,577 |  | 218,840 |  | 30,770 |  | 222,489 |  | 34,347
|  | 238,144 |  | 162,987 |  | 1,025,339 |  | 696,745 |  | 1,263,483 |  | 859,732
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Other payables (Note 14) |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | 29,286 |  | 799 |  | 96,629 |  |  |  | 125,915 |  | 799
Provision for consumption and services |  | 6,213 |  | 2,298 |  |  |  |  |  | 6,213 |  | 2,298
Trade payables |  | 135,801 |  | 134,974 |  |  |  |  |  | 135,801 |  | 134,974
Actuarial liabilities |  |  |  |  |  | 7,982 |  | 41,937 |  | 7,982 |  | 41,937
|  | 171,300 |  | 138,071 |  | 104,611 |  | 41,937 |  | 275,911 |  | 180,008
By Transaction - Statement of Income |  |  |  |  |  |  |  |  |  |  |  |
|  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2016 |  |  |  |  |  |
P&L |  |  |  |  |  |  |  |  |  |  |  |
Revenues |  |  |  |  |  |  |  |  |  |  |  |
Sales |  | 1,278,751 |  | 880,145 |  | 878,992 |  |  |  |  |  |
Interest (note 25) |  | 64,888 |  | 61,549 |  | 60,964 |  |  |  |  |  |
Expenses |  |  |  |  |  |  |  |  |  |  |  |
Purchases |  | (1,418,282) |  | (1,176,930) |  | (1,099,851) |  |  |  |  |  |
Interest (note 25) |  | (16,092) |  |  |  | (3,185) |  |  |  |  |  |
Foreing exchange and monetary variations, net |  | 13,611 |  |  |  | (18,398) |  |  |  |  |  |
|  | (77,124) |  | (235,236) |  | (181,478) |  |  |  |  |  |
| · | By company - Assets and Liabilities
|  | Assets |  | Liabilities
| Current |  | Non-current |  | Total |  | Current |  | Non-current |  | Total
Joint-venture and Joint-operation |  |  |  |  |  |  |  |  |  |  |  |
Itá Energética S.A. |  |  |  |  |  |  |  | 2,550 |  |  |  | 2,550
MRS Logística S.A. |  | 46,243 |  |  |  | 46,243 |  | 101,264 |  | 96,629.00 |  | 197,893
CBSI - Companhia Brasileira de Serviços e Infraestrutura |  | 3 |  |  |  | 3 |  | 37,362 |  |  |  | 37,362
Transnordestina Logística S.A (1) |  | 1,611 |  | 925,445 |  | 927,056 |  | 13,652 |  |  |  | 13,652
|  | 47,857 |  | 925,445 |  | 973,302 |  | 154,828 |  | 96,629 |  | 251,457
Other related parties |  |  |  |  |  |  |  |  |  |  |  |
CBS Previdência |  |  |  | 99,894 |  | 99,894 |  |  |  | 7,982 |  | 7,982
Banco Fibra (2) |  | 92,334 |  |  |  | 92,334 |  |  |  |  |  |
Usiminas |  |  |  |  |  |  |  |  |  |  |  |
Panatlântica (3) |  | 53,027 |  |  |  | 53,027 |  | 15,643 |  |  |  | 15,643
Ibis Participações e Serviços |  |  |  |  |  |  |  |  |  |  |  |
Other related parties |  | 2,092 |  |  |  | 2,092 |  | 829 |  |  |  | 829
|  | 147,453 |  | 99,894 |  | 247,347 |  | 16,472 |  | 7,982 |  | 24,454
Associates |  |  |  |  |  |  |  |  |  |  |  |
Arvedi Metalfer do Brasil S.A. |  | 42,834 |  |  |  | 42,834 |  |  |  |  |  |
Total at 12/31/2018 |  | 238,144 |  | 1,025,339 |  | 1,263,483 |  | 171,300 |  | 104,611 |  | 275,911
Total at 12/31/2017 |  | 162,987 |  | 696,745 |  | 859,732 |  | 138,071 |  | 41,937 |  | 180,008
| · | By company - Statement of income
|  | Sales |  | Purchases |  | Finance income(expenses), net |  | Exchange rate variations, net |  | Total
Joint ventures and Joint Operation |  |  |  |  |  |  |  |  |  |
MRS Logística S,A, |  |  |  | (1,111,695) |  | (16,092) |  |  |  | (1,127,787)
CBSI - Companhia Brasileira de Serviços e Infraestrutura |  | 47 |  | (180,332) |  |  |  |  |  | (180,285)
Transnordestina Logística S.A. (1) |  | 367 |  | (15,667) |  | 50,003 |  |  |  | 34,703
|  | 414 |  | (1,307,694) |  | 33,911 |  |  |  | (1,273,369)
Other related parties |  |  |  |  |  |  |  |  |  |
Banco Fibra (2) |  |  |  |  |  | 14,651 |  | 13,611 |  | 28,262
Usiminas |  |  |  | (382) |  |  |  |  |  | (382)
Panatlântica (3) |  | 1,174,984 |  | (94,515) |  |  |  |  |  | 1,080,469
Ibis Participações e Serviços |  |  |  | (4,501) |  |  |  |  |  | (4,501)
Other related parties |  | 2,745 |  | (11,190) |  |  |  |  |  | (8,445)
|  | 1,177,729 |  | (110,588) |  | 14,651 |  | 13,611 |  | 1,095,403
Associates |  |  |  |  |  |  |  |  |  |
Arvedi Metalfer do Brasil S,A, |  | 100,608 |  |  |  | 234 |  |  |  | 100,842
Discontinued Operation |  |  |  |  |  |  |  |  |  |
Cia Metalic Nordeste |  |  |  |  |  |  |  |  |  |
Total |  | 1,278,751 |  | (1,418,282) |  | 48,796 |  | 13,611 |  | (77,124)
|  |  |  |  |  |  |  | 12/31/2017
|  | Sales |  | Purchases |  | Finance income(expenses), net |  | Total
Joint ventures and Joint Operation |  |  |  |  |  |  |  |
Itá Energética S.A |  |  |  | (32,275) |  |  |  | (32,275)
MRS Logística S.A. |  |  |  | (934,279) |  |  |  | (934,279)
CBSI - Companhia Brasileira de Serviços e Infraestrutura |  | 55 |  | (150,758) |  |  |  | (150,703)
Transnordestina Logística S.A. (1) |  | 2,549 |  | (7,916) |  | 53,261 |  | 47,894
|  | 2,604 |  | (1,125,228) |  | 53,261 |  | (1,069,363)
Other related parties |  |  |  |  |  |  |  |
Fundação CSN |  | 13 |  | (1,118) |  |  |  | (1,105)
Banco Fibra (2) |  |  |  |  |  | 6,290 |  | 6,290
Usiminas |  |  |  | (427) |  |  |  | (427)
Panatlântica (3) |  | 872,047 |  | (43,949) |  |  |  | 828,098
Ibis Participações e Serviços |  |  |  | (5,915) |  |  |  | (5,915)
Other related parties |  | 2,821 |  | (293) |  |  |  | 2,528
|  | 874,881 |  | (51,702) |  | 6,290 |  | 829,469
Associates |  |  |  |  |  |  |  |
Arvedi Metalfer do Brasil S,A, |  | 2,660 |  |  |  | 1,998 |  | 4,658
Discontinued Operation |  |  |  |  |  |  |  |
Cia Metalic Nordeste |  |  |  |  |  |  |  |
Total |  | 880,145 |  | (1,176,930) |  | 61,549 |  | (235,236)
| (1) | Transnordestina Logística S.A: Assets: Refers mainly to contracts in R$: interest equivalent to 125.0% and 130.0% of CDI. On December 31, 2018, the borrowings carrying amounts totaled to R$706,605 (R$507,009 as of December 31, 2017).
| (2) | Banco Fibra S.A: Assets: Refers mainly to Eurobond with Fibra Bank and maturity in february 2028.
| (3) | Panatlântica:Receivables from the sale of steel products.
19.c) Other unconsolidated related parties
| · | CBS Previdência
The Company is its main sponsor, being a non-profit civil society established in July 1960, primarily engaged in the payment of benefits that supplement the official government Social Security benefits to participants. In its capacity as sponsor, CSN carries out transactions involving the payment of contributions and recognition of actuarial liabilities calculated in defined benefit plans.
| · | Fundação CSN
Nowadays, the Company develops socially responsible policies concentrated in Fundação CSN, of which it is the founder. The transactions between the parties are related to the operational and financial support for Fundação CSN to conduct the social projects, developed mainly in the localities where the Company operates.
| · | Banco Fibra
Banco Fibra is under the control structure of Vicunha Aços S.A., direct controller of the Company and the financial transactions carried out with this bank are limited to movements in checking accounts and financial investments in fixed-income securities.
| · | Taquari Asset
Belonging to the Vicunha Group, Taquari Asset is the group company responsible for managing third-party funds, funds and / or portfolios.
| · | Companies under the control of a member of the Company’s management
| · | Ibis Participações e Serviços Ltda.
| · | Ibis Agrária Ltda
| · | Partifib Projetos Imobiliários Ltda.
| · | Vicunha Imóveis Ltda.
| · | Vicunha Serviços Ltda.
19.d) Key management personnel The key management personnel with authority and responsibility for planning, directing and controlling the Company’s activities, include the members of the Board of Directors and statutory directors. The following is information on the compensation of such personnel and the related balances as of December 31, 2018.
|  | 12/31/2018 |  | 12/31/2017 |  | 12/31/2016
|  | P&L
Short-term benefits for employees and officers |  | 32,848 |  | 39,721 |  | 71,852
Post-employment benefits |  | 105 |  | 110 |  | 306
|  | 32,953 |  | 39,831 |  | 72,158

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