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9 PROPERTY, PLANT AND EQUIPMENT | 12 Months Ended
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Dec. 31, 2019
Property, plant and equipment [abstract] |
PROPERTY, PLANT AND EQUIPMENT | 9 PROPERTY, PLANT AND EQUIPMENT
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Consolidated
| Land |  | Buildings and Infrastructure |  | Machinery, equipment and facilities |  | Furniture and fixtures |  | Construction in progress (ii) |  | Right of use (i) |  | Other (*) |  | Total
Balance at December 31, 2018 | 287,854 |  | 2,678,638 |  | 11,687,271 |  | 30,530 |  | 3,282,436 |  |  |  | 80,135 |  | 18,046,864
Cost | 287,854 |  | 3,751,429 |  | 22,426,782 |  | 165,331 |  | 3,282,436 |  |  |  | 355,768 |  | 30,269,600
Accumulated depreciation |  |  | (1,072,791) |  | (10,739,511) |  | (134,801) |  |  |  |  |  | (275,633) |  | (12,222,736)
Balance at December 31, 2018 | 287,854 |  | 2,678,638 |  | 11,687,271 |  | 30,530 |  | 3,282,436 |  |  |  | 80,135 |  | 18,046,864
Effect of foreign exchange differences | 1,499 |  | 2,978 |  | 8,033 |  | 106 |  | 2,464 |  |  |  | 56 |  | 15,136
Acquisitions | 6,125 |  | 16,116 |  | 459,460 |  | 1,763 |  | 1,924,520 |  | 43,111 |  | 41,574 |  | 2,492,669
Capitalized interest (notes 24 and 29) |  |  | 13 |  |  |  |  |  | 117,176 |  |  |  |  |  | 117,189
Write-off (note 23) | (2,143) |  | (130) |  | (80,426) |  | (1) |  | (30,400) |  | (1,354) |  | (149) |  | (114,603)
Depreciation (note 22) |  |  | (135,313) |  | (1,241,026) |  | (5,999) |  |  |  | (58,843) |  | (25,038) |  | (1,466,219)
Transfers to other asset categories | 790 |  | 294,872 |  | 1,766,047 |  | 2,629 |  | (2,053,290) |  |  |  | (11,048) |  |
Transfer to intangible assets |  |  | (31) |  |  |  |  |  | (11,865) |  |  |  |  |  | (11,896)
Right of use- Initial recognition |  |  |  |  |  |  |  |  |  |  | 640,989 |  |  |  | 640,989
Right of use - Remesurement |  |  |  |  |  |  |  |  |  |  | (151,558) |  |  |  | (151,558)
ARO Update |  |  | 225,125 |  |  |  |  |  |  |  |  |  |  |  | 225,125
Transfer to Investment Property | (67,176) |  | (20,030) |  |  |  |  |  | (13,989) |  |  |  |  |  | (101,195)
Consolidation CBSI |  |  |  |  | 4,940 |  | (573) |  |  |  |  |  | 4,756 |  | 9,123
Others |  |  |  |  | (680) |  |  |  |  |  |  |  |  |  | (680)
Balance at December 31, 2019 | 226,949 |  | 3,062,238 |  | 12,603,619 |  | 28,455 |  | 3,217,052 |  | 472,345 |  | 90,286 |  | 19,700,944
Cost | 226,949 |  | 4,250,471 |  | 24,372,514 |  | 170,229 |  | 3,217,052 |  | 531,044 |  | 386,144 |  | 33,154,403
Accumulated depreciation |  |  | (1,188,233) |  | (11,768,895) |  | (141,774) |  |  |  | (58,699) |  | (295,858) |  | (13,453,459)
Balance at December 31, 2019 | 226,949 |  | 3,062,238 |  | 12,603,619 |  | 28,455 |  | 3,217,052 |  | 472,345 |  | 90,286 |  | 19,700,944
(*) Refer basically to railway assets such as courtyards, tracks, mines and dormant and in the group leasehold improvements, vehicles, hardware. (i) Right of use The movement of the rights of use as of December 31, 2019 is as follows Consolidated
| Land |  | Buildings and Infrastructure |  | Machinery, equipment and facilities |  | Other |  | Total
Initial recognition – Rights of use | 556,133 |  | 54,513 |  | 9,783 |  | 20,560 |  | 640,989
Addition |  |  | 6,719 |  | 34,197 |  | 2,195 |  | 43,111
Remeasurement | (152,915) |  | 12,112 |  | (4,525) |  | (6,230) |  | (151,558)
Depreciation | (21,314) |  | (9,190) |  | (15,311) |  | (13,028) |  | (58,843)
Write-off | (1,338) |  |  |  |  |  | (16) |  | (1,354)
Balance at December 31, 2019 | 380,566 |  | 64,154 |  | 24,144 |  | 3,481 |  | 472,345
Cost | 401,746 |  | 73,344 |  | 39,455 |  | 16,499 |  | 531,044
Accumulated depreciation | (21,180) |  | (9,190) |  | (15,311) |  | (13,018) |  | (58,699)
Balance at December 31, 2019 | 380,566 |  | 64,154 |  | 24,144 |  | 3,481 |  | 472,345
(ii) Construction in progress The breakdown of the projects comprising construction in progress is as follows:
|  |  |  |  |  |  |  | Consolidated
|  | Project description |  | Start date |  | Completion date |  | 12/31/2019 |  | 12/31/2018
Logistics |  |  |  |  |  |  |  |  |  |
|  | Current investments for maintenance of current operations. |  |  |  |  |  | 81,944 |  | 89,595
|  |  |  |  |  |  |  | 81,944 |  | 89,595
Mining |  |  |  |  |  |  |  |  |  |
|  | Expansion of Casa de Pedra Mine capacity production. |  | 2007 |  | 2020 | (1) | 883,742 |  | 844,194
|  | Expansion of TECAR export capacity. |  | 2009 |  | 2022 | (2) | 303,965 |  | 289,298
|  | Current investments for maintenance of current operations. |  |  |  |  |  | 389,510 |  | 725,616
|  |  |  |  |  |  |  | 1,577,217 |  | 1,859,108
Steel |  |  |  |  |  |  |  |  |  |
|  | Supply of 16 torpedo’s cars for operation in the steel industry |  | 2008 |  | 2020 |  | 75,582 |  | 94,920
|  | Current investments for maintenance of current operations. |  |  |  |  | (3) | 811,049 |  | 558,922
|  |  |  |  |  |  |  | 886,631 |  | 653,842
Cement |  |  |  |  |  |  |  |  |  |
|  | Construction of cement plants. |  | 2011 |  | 2023 | (4) | 577,712 |  | 585,163
|  | Current investments for maintenance of current operations. |  |  |  |  |  | 93,548 |  | 94,728
|  |  |  |  |  |  |  | 671,260 |  | 679,891
Construction in progress |  |  |  |  |  | 3,217,052 |  | 3,282,436
(1) Estimated completion date of the Central Plant Step 1; (2) Estimated completion date of phase 60 Mtpa; (3) Refers substantially to the technological modernization of the continuous running machines; increased efficiency in zinc plating lines and contractual agreement signed for the supply of new equipment; (4) Refers substantially to the acquisition of new Integrated Cement Plants. The average estimated useful lives are as follows, in years:
|  |  | Consolidated
| 12/31/2019 |  | 12/31/2018
Buildings | 38 |  | 38
Machinery, equipment and facilities | 21 |  | 22
Furniture and fixtures | 12 |  | 11
Others | 14 |  | 15
9.a) Capitalized Interest As of December 31, 2019, the Company capitalized borrowing costs amounting to R$117,189 in consolidated (as of December 31, 2018, R$71,611 in consolidated). These costs are basically estimated for the mining projects, mainly relating to the expansion of Casa de Pedra (MG) and TECAR (RJ), see notes 24 and 29. The rates for non-specific projects in the year ended December 31, 2019 are 6.58% (6.31% as of December 31, 2018).

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