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$