XML 251 R43.htm IDEA: XBRL DOCUMENT
v3.22.1

BUSINESS COMBINATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
summarizes the price considered for accounting purposes: | In accordance with IFRS3, the purchase price is determined by the sum of the assets acquired, liabilities assumed, equity interests issued, non-controlling interest and the fair value of any interest held prior to the transaction. The table below summarizes the price considered for accounting purposes:
Item |  | Comment |  | Elizabeth Cimentos |  | Elizabeth Mineração |  | Reference
Assets transferred |  | A payment in the amount of R$201 milion is being carried out in the transaction. |  | 77,768 |  | 123,947 |  | (i)
Assets transferred |  | Refers to financial adjustment of working capital and debt. |  | (3,914) |  | (5,116) |  | (i)
Equity interests issued |  | Shares issued by Elizabeth Cimentos and acquired by CSN Cimentos. |  | 526,037 |  |  |  | (ii)
Purchase price considered for the business combination |  |  |  | 599,891 |  | 118,831 |  |
(i) |  | The transaction included payments by CSN Cimentos of R$77.7 million and R$123.9 million on August 31, 2021 for each Elizabeth entity, and an adjustment receivable in the amount of R$3.9 million and R$5.1 million in December 2021 related to working capital adjustment provided for in the sale agreement.
(ii) |  | In August 2021 the Elizabeth Cimentos performed a primary issuance of 2,382,758,512 new common shares, nominatives with no par value, which were fully acquired by CSN Cimentos.
Schedule of goodwill on acquisition | Schedule of goodwill on acquisition
Item |  | Reference |  | Elizabeth Cimentos |  | Elizabeth Mineração
Purchase price considered |  | item (i) and (ii) |  | 599,891 |  | 118,831
Fair value of the assets and liabilities acquired |  |  |  | 516,625 |  | 118,831
Goodwill for future profitability expected |  |  |  | 83,266 |  |
Schedule of Fair value of assets acquired and liabilities assumed | The following table shows the fair value allocation of the assets acquired and liabilities assumed on August 31, 2021, considering the direct and indirect interests, calculated based on independent appraisers' reports. Schedule of Fair value of assets acquired and liabilities assumed
|  | Elizabeth Cimentos |  | Elizabeth Mineração
|  | Carrying amounts |  | Fair value adjustments |  | Total fair value |  | Carrying amounts |  | Fair value adjustments |  | Total fair value
Cash and cash equivalents |  | 52,570 |  |  |  | 52,570 |  | 2,197 |  |  |  | 2,197
Trade receivables |  | 27,571 |  |  |  | 27,571 |  | 1,027 |  |  |  | 1,027
Receivables from related parties |  | 96,374 |  |  |  | 96,374 |  | 9,035 |  |  |  | 9,035
Inventories |  | 44,157 |  |  |  | 44,157 |  | 1,017 |  |  |  | 1,017
Recoverable taxes |  | 18,616 |  |  |  | 18,616 |  | 931 |  |  |  | 931
Short-term investments |  | 14,689 |  |  |  | 14,689 |  |  |  |  |  |
Other assets |  | 17,734 |  |  |  | 17,734 |  | 673 |  |  |  | 673
Investment |  |  |  |  |  |  |  | 40,653 |  | 24,845 |  | 65,498
Property, plant and equipment |  | 373,574 |  | 161,367 |  | 534,941 |  | 15,092 |  | 77,089 |  | 92,181
Intangíible assets |  | 798 |  | 59,456 |  | 60,254 |  | 500 |  | 269,385 |  | 269,885
Total assets acquired |  | 646,083 |  | 220,823 |  | 866,906 |  | 71,125 |  | 371,319 |  | 442,444
Borrowings and financing |  | 198,778 |  |  |  | 198,778 |  | 182,402 |  |  |  | 182,402
Trade payables |  | 22,735 |  |  |  | 22,735 |  | 446 |  |  |  | 446
Taxes payable |  | 19,202 |  |  |  | 19,202 |  | 37,158 |  |  |  | 37,158
Debits with related parties |  |  |  |  |  |  |  | 96,350 |  |  |  | 96,350
Other payables |  | 44,052 |  |  |  | 44,052 |  | 7,257 |  |  |  | 7,257
Total liabilities assumed |  | 284,767 |  |  |  | 284,767 |  | 323,613 |  |  |  | 323,613
Net equity acquired |  | 361,316 |  | 220,823 |  | 582,139 |  | (252,488) |  | 371,319 |  | 118,831
Indirect investiment |  | (40,663) |  | (24,851) |  | (65,514) |  |  |  |  |  |
Net equity acquired |  | 320,653 |  | 195,972 |  | 516,625 |  | (252,488) |  | 371,319 |  | 118,831
The fair value allocation resulted in a total gain of R$567.3 million, distributed among Elizabeth Cimentos and Elizabeth Mineração's main assets. The following table shows the composition of the allocated amounts and a summary of its measurement methodology.
Assets acquired |  | Valuation method |  | Carrying amounts |  | Fair value adjustment |  | Total fair value
Property, plant and equipment |  | Valued using the "MARKET APPROACH" method, where the fair value of the asset is estimated by comparing it with similar or comparable assets that have been sold or listed for sale in the primary or secondary market. |  | 388,666 |  | 238,456 |  | 627,122
Mining rights |  | Evaluated by the MPEEM method that measures the present value of future income to be generated during the remaining useful life of a given asset. Using the analysis of the company's projected results as a reference, the pre-tax cash flows directly attributable to the asset are calculated, as of the base date stipulated in the evaluation. |  | 500 |  | 269,385 |  | 269,885
Licenses |  | Valued using the WITH / WITHOUT method, which estimates the intangible value by the difference between discounted cash flow models with and without the asset. |  | 798 |  | 59,456 |  | 60,254
|  |  |  | 389,964 |  | 567,297 |  | 957,261
The subsidiary CSN Cimentos S.A. has hired an independent appraiser to prepare an appraisal report of the tangible and intangible assets and allocation of the excess price paid. As provided for in IFRS3, the Company has up to 12 months to adjust the measurement of amounts, due to unknown events at the acquisition date. After the conclusion of the appraisal report, the Company reclassified the amount of R$27,667 from goodwill to fair value the licenses and mining rights.

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

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

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