XML 57 R46.htm IDEA: XBRL DOCUMENT
v3.19.1

9. INVESTMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Investments Tables Abstract |
Direct equity interests in subsidiaries, joint ventures, joint operations, associates and other investments |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | 12/31/2018 |  |  |  |  |  |  |  |  |  |  | 12/31/2017
Companies |  | Number of shares (in units) |  |  |  |  | Participation in |  |  |  |  |  |  |  | Participation in |  |  |
|  |  | % equity interest |  | Assets |  | Liabilities |  |  |  | Fair Value Allocation |  | Net income / (loss) for the year |  | % equity interest |  | Assets |  | Liabilities |  |  |  | Fair Value Allocation | Net income / (loss) for the year
|  |  |  |  |  | Shareholders’ equity |  |  |  |  |  |  | Shareholders’ equity |
Joint-venture and Joint-operation |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MRS Logística S.A.(*) |  | 126,716,070 |  |  | 37.27 |  | 3,125,912 |  | 1,693,200 |  | 1,878,095 |  |  |  | 194,403 |  | 37.27 |  | 3,039,761 |  | 1,714,729 |  | 1,782,162 |  |  | 171,905
CBSI - Companhia Brasileira de Serviços de Infraestrutura | 1,876,146 |  |  | 50.00 |  | 25,941 |  | 19,997 |  | 5,944 |  |  |  | 4,501 |  | 50.00 |  | 16,005 |  | 13,654 |  | 2,351 |  |  | 1,785
Transnordestina Logística S.A. |  | 24,168,304 |  |  | 46.30 |  | 4,065,604 |  | 2,883,851 |  | 1,181,753 |  | 271,116 |  | (20,429) |  | 46.28 |  | 3,806,380 |  | 2,604,198 |  | 1,202,182 |  | 271,116 | (21,357)
|  |  |  |  |  |  | 7,217,457 |  | 4,597,048 |  | 3,065,792 |  | 271,116 |  | 178,475 |  |  |  | 6,862,146 |  | 4,332,581 |  | 2,986,695 |  | 271,116 | 152,333
Associates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Arvedi Metalfer do Brasil |  | 46,994,971 |  |  | 20.00 |  | 40,712 |  | 26,308 |  | 14,404 |  |  |  | (5,087) |  | 20.00 |  | 43,653 |  | 23,978 |  | 19,675 |  |  | (4,368)
|  |  |  |  |  |  | 40,712 |  | 26,308 |  | 14,404 |  |  |  | (5,087) |  |  |  | 43,653 |  | 23,978 |  | 19,675 |  |  | (4,368)
Classified as fair value through profit or loss and comprehensive income (Note 13 I) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Usiminas |  |  |  |  |  |  |  |  |  |  | 2,250,623 |  |  |  |  |  |  |  |  |  |  |  | 2,200,459 |  |  |
Panatlântica |  |  |  |  |  |  |  |  |  |  | 28,566 |  |  |  |  |  |  |  |  |  |  |  | 21,974 |  |  |
|  |  |  |  |  |  |  |  |  |  | 2,279,189 |  |  |  |  |  |  |  |  |  |  |  | 2,222,433 |  |  |
Other Investments |  |  |  |  |  |  |  |  |  |  | 112 |  |  |  |  |  |  |  |  |  |  |  | 76 |  |  |
Total Investments |  |  |  |  |  |  |  |  |  |  | 5,359,497 |  | 271,116 |  |  |  |  |  |  |  |  |  | 5,228,879 |  | 271,116 |
|  |  |  |  |  |  |  |  |  |  | 5,630,613 |  |  |  |  |  |  |  |  |  | 5,499,995 |
Changes of investments balances in subsidiaries, joint ventures, joint operations, associates and other investments |
|  |  | Consolidated
| 12/31/2018 |  | 12/31/2017
Opening balance of investments | 5,499,995 |  | 4,568,451
Opening balance of loss provisions |  |  |
Capital increase |  |  | 20,579
Dividends | (87,846) |  | (79,189)
Comprehensive income (1) | 272 |  | 850,640
Equity in results of affiliated companies (2) | 173,145 |  | 147,800
Receipt of sale - Usiminas' shares | (39,377) |  |
Update of shares measured at Fair Value through profit or loss (VJR) (note 13 II) | 96,133 |  |
Amortization of fair value – investment in MRS | (11,746) |  | (11,746)
Others | 37 |  | 3,460
Closing balance of investments | 5,630,613 |  | 5,499,995
Equity in results |
|  |  | Consolidated
| 12/31/2018 |  | 12/31/2017
Equity in results of affiliated companies |  |  |
MRS Logística S.A. | 194,403 |  | 171,905
CBSI - Companhia Brasileira de Serviços de Infraestrutura | 4,501 |  | 1,785
Transnordestina Logística S.A. | (20,429) |  | (21,357)
Arvedi Metalfer do Brasil S.A. | (5,087) |  | (4,368)
Others | (243) |  | (165)
| 173,145 |  | 147,800
Eliminations |  |  |
To cost of sales | (42,806) |  | (40,823)
To taxes | 14,554 |  | 13,880
Others |  |  |
Amortization of fair value – investment in MRS | (11,746) |  | (11,746)
Others | 2,559 |  |
Equity in results adjusted | 135,706 |  | 109,111
Joint ventures and joint operations financial information |
|  |  |  |  |  |  |  | 12/31/2018 |  |  |  |  |  |  |  | 12/31/2017 |
|  | Joint-Venture |  | Joint-Operation |  | Joint-Venture |  | Joint-Operation
Equity interest (%) |  | MRS Logística |  | CBSI |  | Transnordestina Logística |  | Itá Energética |  | MRS Logística |  | CBSI |  | Transnordestina Logística |  | Itá Energética |
| 34.94% |  | 50.00% |  | 46.30% |  | 48.75% |  | 34.94% |  | 50.00% |  | 46.30% |  | 48.75% |
Balance sheet |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 345,962 |  | 2,091 |  | 19,234 |  | 29,870 |  | 484,978 |  | 101 |  | 5,763 |  | 16,231 |
Advances to suppliers |  | 17,750 |  | 73 |  | 1,734 |  | 937 |  | 14,911 |  | 37 |  |  |  | 22 |
Other current assets |  | 736,768 |  | 41,284 |  | 108,851 |  | 16,718 |  | 685,311 |  | 28,475 |  | 49,494 |  | 16,447 |
Total current assets |  | 1,100,480 |  | 43,448 |  | 129,819 |  | 47,525 |  | 1,185,200 |  | 28,613 |  | 55,257 |  | 32,700 |
Non-current assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  | 804,570 |  | 2,111 |  | 222,630 |  | 25,840 |  | 693,434 |  | 974 |  | 238,004 |  | 27,459 |
Investments, PP&E and intangible assets |  | 6,482,292 |  | 6,324 |  | 8,428,567 |  | 457,578 |  | 6,277,550 |  | 2,423 |  | 7,927,881 |  | 484,406 |
Total non-current assets |  | 7,286,862 |  | 8,435 |  | 8,651,197 |  | 483,418 |  | 6,970,984 |  | 3,397 |  | 8,165,885 |  | 511,865 |
Total Assets |  | 8,387,342 |  | 51,883 |  | 8,781,016 |  | 530,943 |  | 8,156,184 |  | 32,010 |  | 8,221,142 |  | 544,565 |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and financing |  | 422,793 |  | 4,350.0000 |  | 75,906 |  |  |  | 668,947 |  | 1,411 |  | 52,691 |  |  |
Other current liabilities |  | 1,368,290 |  | 33,844 |  | 179,816 |  | 18,298 |  | 1,272,365 |  | 25,898 |  | 113,739 |  | 33,666 |
Total current liabilities |  | 1,791,083 |  | 38,194 |  | 255,722 |  | 18,298 |  | 1,941,312 |  | 27,309 |  | 166,430 |  | 33,666 |
Non-current liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and financing |  | 2,111,518 |  | 1,262 |  | 5,754,073 |  |  |  | 2,084,422 |  |  |  | 5,457,768 |  |  |
Other non-current liabilities |  | 640,535 |  | 539 |  | 218,839 |  | 15,113 |  | 575,170 |  |  |  | 434 |  | 3,471 |
Total non-current liabilities |  | 2,752,053 |  | 1,801 |  | 5,972,912 |  | 15,113 |  | 2,659,592 |  |  |  | 5,458,202 |  | 3,471 |
Shareholders’ equity |  | 3,844,206 |  | 11,888 |  | 2,552,382 |  | 497,532 |  | 3,555,280 |  | 4,701 |  | 2,596,510 |  | 507,428 |
Total liabilities and shareholders’ equity |  | 8,387,342 |  | 51,883 |  | 8,781,016 |  | 530,943 |  | 8,156,184 |  | 32,010 |  | 8,221,142 |  | 544,565 |
|  |  |  |  |  |  |  | 01/01/2018 at 12/31/2018 |  |  |  |  |  |  |  | 01/01/2017 a 12/31/2017 |
|  | Joint-Venture |  | Joint-Operation | Joint-Venture |  | Joint-Operation
Equity interest (%) |  | MRS Logística |  | CBSI |  | Transnordestina Logística |  | Itá Energética |  | MRS Logística |  | CBSI |  | Transnordestina Logística |  | Itá Energética |
| 34.94% |  | 50.00% |  | 46.30% |  | 48.75% |  | 34.94% |  | 50.00% |  | 46.30% |  | 48.75% |
Statements of Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue |  | 3,726,448 |  | 166,080 |  |  |  | 166,358 |  | 3,492,805 |  | 135,399 |  |  |  | 168,194 |
Cost of sales and services |  | (2,476,628) |  | (142,254) |  |  |  | (77,829) |  | (2,307,108) |  | (120,647) |  |  |  | (76,810) |
Gross profit |  | 1,249,820 |  | 23,826 |  |  |  | 88,529 |  | 1,185,697 |  | 14,752 |  |  |  | 91,384 |
Operating (expenses) income |  | (313,606) |  | (10,884) |  | (18,020) |  | (60,104) |  | (283,151) |  | (8,340) |  | (32,245) |  | (58,465) |
Financial income (expenses), net |  | (151,839) |  | (179) |  | (26,103) |  | (126) |  | (187,295) |  | (1,004) |  | (13,938) |  | 317 |
Income before income tax and social contribution |  | 784,375 |  | 12,763 |  | (44,123) |  | 28,299 |  | 715,251 |  | 5,408 |  | (46,183) |  | 33,236 |
Current and deferred income tax and social contribution |  | (262,760) |  | (3,761) |  |  |  | (9,452) |  | (254,001) |  | (1,838) |  |  |  | (11,105) |
(Loss) profit for the year, net |  | 521,615 |  | 9,002 |  | (44,123) |  | 18,847 |  | 461,250 |  | 3,570 |  | (46,183) |  | 22,131 |
Assumptions for impairment test |
Cash Flow Projection | Until 2057
Gross Margin | Based on market studies to capture operations costs and loads, according studied of market trends.
Estimated Costs | Costs based on studies and market trends.
Growth rate in perpetuity | Growth rate was not considered due to the projection model until the end of the concession.
Discount rate | Between 5.1% to 7.9% in real terms.

X
- References No definition available. + Details
Name: | SID_InvestmentsTablesAbstract
Namespace Prefix: | SID_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | SID_SummaryOfAssumptionsForInvestmentImpairmentTestTableTextBlock
Namespace Prefix: | SID_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | SID_SummaryOfChangesOfInvestmentsBalancesInSubsidiariesJointVenturesJointOperationsAssociatesAndOtherInvestmentsTableTextBlock
Namespace Prefix: | SID_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | SID_SummaryOfDirectEquityInterestsInSubsidiariesJointVenturesJointOperationsAssociatesAndOtherInvestmentsTableTextBlock
Namespace Prefix: | SID_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | SID_SummaryOfEquityInResultsTableTextBlock
Namespace Prefix: | SID_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | SID_SummaryOfJointVenturesAndJointOperationsFinancialInformationTableTextBlock
Namespace Prefix: | SID_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration