XML 330 R122.htm IDEA: XBRL DOCUMENT
v3.22.1

Schedule of hedging instruments (Details) R$ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2021 BRL (R$) Number | Dec. 31, 2020 BRL (R$)
IfrsStatementLineItems [Line Items] |  |  |
Other operating expenses |  | R$ 525,290 |
Currency risk [member] | Cash flow hedges [member] |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designated amounts |  | 5,728,806 |
Amortized part |  | (3,073,456) |
Effect on Result | [1] | (525,290) |
Impact on Shareholders' equity |  | R$ (5,763,401) |
Effect on result recognized in other operational hedging instrument |  |  | R$ 1,667,886
Currency risk [member] | Cash flow hedges [member] | Export prepayments in us$ to third parties [member] |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 07/21/2015 |
Hedging instrument |  | Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | July 2019 - March 2021 |
Exchange rate on designation | Number |  | 3.1813 |
Designated amounts |  | R$ 60,000 |
Amortized part |  | (60,000) |
Effect on Result | [1] | R$ (33,016) |
Currency risk [member] | Cash flow hedges [member] | ExportPrepaymentsInUsToThirdPartiesOneMember |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 07/23/2015 |
Hedging instrument |  | Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | July 2019 - March 2021 |
Exchange rate on designation | Number |  | 3.2850 |
Designated amounts |  | R$ 100,000 |
Amortized part |  | (100,000) |
Effect on Result | [1] | R$ (52,436) |
Currency risk [member] | Cash flow hedges [member] | ExportPrepaymentsInUsToThirdPartiesTwoMember |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 07/23/2015 |
Hedging instrument |  | Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | August 2018 - October 2022 |
Exchange rate on designation | Number |  | 3.2850 |
Designated amounts |  | R$ 30,000 |
Amortized part |  | (24,000) |
Effect on Result | [1] | (12,057) |
Impact on Shareholders' equity |  | R$ (13,773) |
Currency risk [member] | Cash flow hedges [member] | ExportPrepaymentsInUsToThirdPartiesThreeMember |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 07/24/2015 |
Hedging instrument |  | Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | August 2018 - October 2022 |
Exchange rate on designation | Number |  | 3.3254 |
Designated amounts |  | R$ 100,000 |
Amortized part |  | (100,000) |
Effect on Result | [1] | (39,382) |
Impact on Shareholders' equity |  | R$ (39,382) |
Currency risk [member] | Cash flow hedges [member] | ExportPrepaymentsInUsToThirdPartiesFourMember |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 07/27/2015 |
Hedging instrument |  | Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | August 2018 - October 2022 |
Exchange rate on designation | Number |  | 3.3557 |
Designated amounts |  | R$ 25,000 |
Amortized part |  | (24,150) |
Effect on Result | [1] | (9,694) |
Impact on Shareholders' equity |  | R$ (1,891) |
Currency risk [member] | Cash flow hedges [member] | Export Prepayments In Us To Third Parties Five [Member] |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 07/27/2015 |
Hedging instrument |  | Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | August 2018 - October 2022 |
Exchange rate on designation | Number |  | 3.3557 |
Designated amounts |  | R$ 70,000 |
Amortized part |  | (56,000) |
Effect on Result | [1] | (27,143) |
Impact on Shareholders' equity |  | R$ (31,147) |
Currency risk [member] | Cash flow hedges [member] | Export pepayments in us$ to third parties [member] |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 07/27/2015 |
Hedging instrument |  | Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | August 2018 - October 2022 |
Exchange rate on designation | Number |  | 3.3557 |
Designated amounts |  | R$ 30,000 |
Amortized part |  | (24,000) |
Effect on Result | [1] | (11,633) |
Impact on Shareholders' equity |  | R$ (13,349) |
Currency risk [member] | Cash flow hedges [member] | ExportPrepaymentsInUsToThirdPartiesSevenMember |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 07/28/2015 |
Hedging instrument |  | Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | August 2018 - October 2022 |
Exchange rate on designation | Number |  | 3.3815 |
Designated amounts |  | R$ 30,000 |
Effect on Result | [1] | (11,478) |
Impact on Shareholders' equity |  | R$ (13,194) |
Currency risk [member] | Cash flow hedges [member] | Fixed rate notes |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 3/8/2015 |
Hedging instrument |  | Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | July 2018 - October 2022 |
Exchange rate on designation | Number |  | 3.3940 |
Designated amounts |  | R$ 355,000 |
Amortized part |  | (343,000) |
Effect on Result | [1] | (131,680) |
Impact on Shareholders' equity |  | R$ (26,238) |
Currency risk [member] | Cash flow hedges [member] | Bond [Member] |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 2/4/2018 |
Hedging instrument |  | Bonds |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | July 2018 - February 2023 |
Exchange rate on designation | Number |  | 3.3104 |
Designated amounts |  | R$ 1,170,045 |
Amortized part |  | (820,045) |
Impact on Shareholders' equity |  | R$ (794,535) |
Currency risk [member] | Cash flow hedges [member] | Bonds and export prepayments in us$ [member] |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 07/31/2019 |
Hedging instrument |  | Bonds and Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | January 2020 - April 2026 |
Exchange rate on designation | Number |  | 3.7649 |
Designated amounts |  | R$ 1,342,761 |
Amortized part |  | (261,261) |
Effect on Result | [1] | (21,781) |
Impact on Shareholders' equity |  | R$ (1,949,731) |
Currency risk [member] | Cash flow hedges [member] | Bonds without express maturity and export prepayments in us$ to third parties [member] |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 10/1/2020 |
Hedging instrument |  | Bonds with no maturity date and Export prepayments in US$ to third parties |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | March 2020 - December 2050 |
Exchange rate on designation | Number |  | 4.0745 |
Designated amounts |  | R$ 1,416,000 |
Amortized part |  | (1,237,000) |
Effect on Result | [1] | (174,990) |
Impact on Shareholders' equity |  | R$ (1,506,060) |
Currency risk [member] | Cash flow hedges [member] | Bond [member] |  |  |
IfrsStatementLineItems [Line Items] |  |  |
Designation date |  | 01/28/2020 |
Hedging instrument |  | Bonds |
Hedged item |  | Part of the highly probable future monthly iron ore exports |
Type of hedged risk |  | Foreign exchange - R$ vs. US$ spot rate |
Hedged period |  | March 2017 - January 2028 |
Exchange rate on designation | Number |  | 4.2064 |
Designated amounts |  | R$ 1,000,000 |
Impact on Shareholders' equity |  | R$ (1,374,101) |
[1] | On December 31, 2021, the amount of (R$

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