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19 SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2019
Shareholders Equity [Abstract]  
Schedule of ownership structure

As of December 31, 2019, the Company’s ownership structure was as follows:

 

            12/31/2019           12/31/2018
    Number of common shares   % of total shares   % of voting capital   Number of common shares   % of total shares   % of voting capital
Vicunha Aços S.A. (*)   679,522,254   48.97%   49.24%   679,522,254   48.97%   49.24%
Rio Iaco Participações S.A. (*)   58,193,503   4.19%   4.22%   58,193,503   4.19%   4.22%
NYSE (ADRs)   262,206,103   18.90%   19.00%   284,152,319   20.48%   20.59%
Other shareholders   380,192,687   27.40%   27.55%   358,246,471   25.83%   25.95%
Outstanding shares    1,380,114,547   99.47%   100.00%    1,380,114,547   99.47%   100.00%
Treasury shares   7,409,500   0.53%       7,409,500   0.53%    
Total shares    1,387,524,047   100.00%        1,387,524,047   100.00%    

 

(*) Controlling group companies.
Schedule of share buyback programs

The Company recognized a profit on the sale of the shares in the amount of R$32,690 directly in equity.

 

Program   Board’s Authorization   Authorized quantity   Program period   Average buyback price   Minimum and maximum buyback price   Number bought back   Share cancelation   Sale of shares   Balance in treasury
9º (*)   03/31/2015   32,770,055   From 4/01/2015 to 6/30/2015                       30,391,000
    04/20/2018   30,391,000   From 4/20/2018 to 4/30/2018   Not applicable   Not applicable           22,981,500   7,409,500

 

(*) There was no share buyback in this program.
Schedule of position of treasury shares

As of December 31, 2019, the position of the treasury shares was as follows:

 

Quantity purchased (Units)   Amount paid for the shares   Share price   Market value of shares in 12/31/2019 (*)
     
    Minimum   Maximum   Average    
                7,409,500   R$ 58,264    R$       4.48    R$ 10.07    R$           7.86   R$ 104,548

 

(*) The average quotation as of December 31, 2019 in the amount R$ 14.11 per share was used.
Schedule of basic earnings (loss) per share

Basic earnings per share were calculated based on the profit/loss attributable to the owners of CSN divided by the weighted average number of common shares outstanding during the year, excluding the common shares purchased and held as treasury shares, as follows:

 

  12/31/2019   12/31/2018   12/31/2017
  Common Shares
   
(Loss) profit for the year 1,789,067                5,074,136                     10,272
Weighted average number of shares 1,380,114,547         1,373,250,595         1,357,133,047
Basic and diluted EPS 1,29632   3.69498   0.00757