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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2021
Schedule of consolidated results

For the purpose of preparing and presenting the information by business segment, Management decided to maintain the proportional consolidation of the joint ventures as historically presented. For purposes of reconciliation of the consolidated result, the amounts recorded by these companies are not included in the "Corporate expenses/elimination" column.

 

                                12/31/2021
P&L   Steel   Mining    Logistics       Energy   Cement   Corporate expenses/elimination   Consolidated
      Port   Railroads        
Net revenues                                   
Domestic market     21,400,318    3,114,385   311,040    1,839,307     222,785     1,430,150    (5,084,155)     23,233,830
Foreign market    8,691,130     14,929,001                       1,058,078     24,678,209
Cost of sales and services (note 27)    (20,081,043)   (7,705,835)     (220,494)   (1,266,112)    (146,349)    (892,900)     4,475,259    (25,837,475)
Gross profit     10,010,405     10,337,551     90,546   573,195   76,436     537,250     449,182     22,074,564
General and administrative expenses (note 27)   (1,158,748)     (351,371)    (33,853)     (135,091)     (32,083)    (190,986)    (1,057,314)   (2,959,446)
Other operating (income) expenses, net (note 28)     (405,018)     (287,744)   (8,290)     58,253   41,337     (63,631)     1,907,433    1,242,340
Equity in results of affiliated companies (note 11)                               182,504    182,504
Operating result before Financial Income and Taxes    8,446,639    9,698,436     48,403   496,357   85,690     282,633     1,481,805     20,539,962
                                 
Sales by geographic area                                
Asia         12,627,913                       1,058,078     13,685,991
North America    2,275,612                               2,275,612
Latin America   355,912                               355,912
Europe    6,059,606    2,301,088                           8,360,694
Foreign market    8,691,130     14,929,001                       1,058,078     24,678,209
Domestic market     21,400,318    3,114,385   311,040    1,839,307     222,785     1,430,150    (5,084,155)     23,233,830
Total     30,091,448     18,043,386   311,040    1,839,307     222,785     1,430,150    (4,026,077)     47,912,039

 

                                12/31/2020
P&L   Steel   Mining    Logistics       Energy   Cement   Corporate expenses/elimination   Consolidated
      Port   Railroads        
Net revenues                                   
Domestic market     11,721,339    1,532,589   256,371    1,489,647     172,859     857,197    (3,143,789)     12,886,213
Foreign market    4,881,556     11,150,642                  995     1,144,614     17,177,807
Cost of sales and services (note 27)    (14,170,692)   (5,531,763)     (187,860)   (1,094,130)    (128,227)    (647,132)     2,634,903    (19,124,901)
Gross profit    2,432,203    7,151,468     68,511   395,517   44,632     211,060     635,728     10,939,119
General and administrative expenses (note 27)     (922,862)     (179,806)    (21,949)     (114,970)     (30,243)     (88,232)    (1,150,813)   (2,508,875)
Other operating (income) expenses, net (note 28)     (392,061)     (665,881)   (5,420)     52,569    (2,967)     (44,893)    (1,728,909)   (2,787,562)
Equity in results of affiliated companies (note 11)                             71,755   71,755
Operating result before Financial Income and Taxes    1,117,280    6,305,781     41,142   333,116   11,422   77,935    (2,172,239)    5,714,437
                   

  

            
Sales by geographic area                                
Asia        7,461,791                       1,144,614    8,606,405
North America   922,299                               922,299
Latin America   327,900                      995         328,895
Europe    3,627,011    3,688,851                           7,315,862
Others    4,346                               4,346
Foreign market    4,881,556     11,150,642                  995     1,144,614     17,177,807
Domestic market     11,721,339    1,532,589   256,371    1,489,647     172,859     857,197    (3,143,789)     12,886,213
Total     16,602,895     12,683,231   256,371    1,489,647     172,859     858,192    (1,999,175)     30,064,020

 

 

                                12/31/2019
    Steel   Mining    Logistics       Energy   Cement   Corporate expenses/elimination   Consolidated
        Port   Railroads        
Net revenues                                   
Domestic market     10,027,999   926,836   240,451    1,321,355     325,343     570,805    (2,462,088)     10,950,701
Foreign market    3,921,033    9,100,813                       1,463,870     14,485,716

Cost of sales and services

(Note 27)

    (12,962,861)   (4,396,247)     (173,344)   (1,030,210)    (266,754)    (607,719)     2,173,871    (17,263,264)
Gross profit   986,171    5,631,402     67,107   291,145   58,589     (36,914)     1,175,653    8,173,153
General and administrative expenses (Note 27)     (834,977)     (186,189)    (34,560)     (109,770)     (29,034)     (91,466)    (1,567,874)   (2,853,870)
Other operating (income) expenses, net (note 28)   (1,055,190)     (218,009)   (3,860)   147,155    (1,486)     (40,630)    (731,061)   (1,903,081)
Equity in results of affiliated companies (note 11)                               125,715    125,715
Operating result before Financial Income and Taxes     (903,996)    5,227,204     28,687   328,530   28,069    (169,010)    (997,567)    3,541,917
                                 
Sales by geographic area                                
Asia    2,980    6,742,946                       1,463,870    8,209,796
North America   767,977                               767,977
Latin America   169,036                               169,036
Europe    2,978,994    2,357,867                           5,336,861
Others    2,046                               2,046
Foreign market    3,921,033    9,100,813                       1,463,870     14,485,716
Domestic market     10,027,999   926,836   240,451    1,321,355     325,343     570,805    (2,462,088)     10,950,701
Total     13,949,032     10,027,649   240,451    1,321,355     325,343     570,805    (998,218)     25,436,417