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BASIS OF CONSOLIDATION AND INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2023
Basis Of Consolidation And Investments |
Schedule of consolidated entities information |
Schedule of consolidated entities information |  |  |  |  |  |
|  | Equity interests (%) |  |
Companies |  | 12/31/2023 |  | 12/31/2022 |  | Core business
Direct interest in subsidiaries: full consolidation |  |  |  |  |  |
CSN Islands VII Corp. |  | 100.00 |  | 100.00 |  | Financial transactions
CSN Inova Ventures |  | 100.00 |  | 100.00 |  | Equity interests and Financial transactions
CSN Islands XII Corp. |  | 100.00 |  | 100.00 |  | Financial transactions
CSN Steel S.L.U. |  | 100.00 |  | 100.00 |  | Equity interests and Financial transactions
TdBB S.A (*) |  | 100.00 |  | 100.00 |  | Equity interests
Sepetiba Tecon S.A. |  | 99.99 |  | 99.99 |  | Port services
Minérios Nacional S.A. |  | 99.99 |  | 99.99 |  | Mining and Equity interests
Companhia Florestal do Brasil |  | 99.99 |  | 99.99 |  | Reforestation
Estanho de Rondônia S.A. |  | 99.99 |  | 99.99 |  | Tin Mining
Companhia Metalúrgica Prada |  | 99.89 |  | 99.89 |  | Manufacture of containers and distribution of steel products
CSN Mineração S.A. |  | 79.75 |  | 79.75 |  | Mining
CSN Energia S.A. |  | 99.99 |  | 99.99 |  | Sale of electric power
FTL - Ferrovia Transnordestina Logística S.A. |  | 92.71 |  | 92.71 |  | Railroad logistics
Nordeste Logística S.A. |  | 99.99 |  | 99.99 |  | Port services
CSN Inova Ltd. |  | 100.00 |  | 100.00 |  | Advisory and implementation of new development projects
CBSI - Companhia Brasileira de Serviços de Infraestrutura |  | 99.99 |  | 99.99 |  | Equity interests and product sales and iron ore
CSN Cimentos S.A. (**) |  |  |  | 99.99 |  | Manufacturing and sale of cement
CSN Cimentos Brasil S.A. |  | 99.99 |  | 99.99 |  | Manufacturing and sale of cement
Berkeley Participações e Empreendimentos S.A. |  | 100.00 |  | 100.00 |  | Electric power generation and equity interests
CSN Inova Soluções S.A. |  | 99.90 |  | 99.99 |  | Equity interests
CSN Participações I |  | 99.90 |  | 99.99 |  | Equity interests
Circula Mais Serviços de Intermediação Comercial S.A. |  | 0.10 |  | 0.01 |  | Commercial intermediation for the purchase and sale of assets and materials in general
CSN Participações III |  | 99.90 |  | 99.99 |  | Equity interests
CSN Participações IV |  | 99.90 |  | 99.99 |  | Equity interests
CSN Participações V |  | 99.90 |  | 99.99 |  | Equity interests
Indirect interest in subsidiaries: full consolidation |  |  |  |  |  |
Lusosider Projectos Siderúrgicos S.A. |  | 100.00 |  | 100.00 |  | Equity interests and product sales
Lusosider Aços Planos, S. A. |  | 99.99 |  | 99.99 |  | Steel and Equity interests
CSN Resources S.A. |  | 100.00 |  | 100.00 |  | Financial transactions and Equity interests
Companhia Brasileira de Latas |  | 99.88 |  | 99.88 |  | Sale of cans and containers in general and Equity interests
Companhia de Embalagens Metálicas MMSA |  | 99.87 |  | 99.87 |  | Production and sale of cans and related activities
Companhia de Embalagens Metálicas - MTM |  | 99.87 |  | 99.87 |  | Production and sale of cans and related activities
CSN Productos Siderúrgicos S.L. |  | 100.00 |  | 100.00 |  | Financial transactions, product sales and Equity interests
Stalhwerk Thüringen GmbH |  | 100.00 |  | 100.00 |  | Production and sale of long steel and related activities
CSN Steel Sections Polska Sp.Z.o.o |  | 100.00 |  | 100.00 |  | Financial transactions, product sales and Equity interests
CSN Mining Holding, S.L.U. |  | 79.75 |  | 79.75 |  | Financial transactions, product sales and Equity interests
CSN Mining GmbH |  | 79.75 |  | 79.75 |  | Financial transactions, product sales and Equity interests
CSN Mining Asia Limited |  | 79.75 |  | 79.75 |  | Commercial representation
Lusosider Ibérica S.A. |  | 100.00 |  | 100.00 |  | Steel, commercial and industrial activities and equity interests
CSN Mining Portugal, Unipessoal Lda. |  | 79.75 |  | 79.75 |  | Commercial and representation of products
Companhia Siderúrgica Nacional, LLC |  | 100.00 |  | 100.00 |  | Import and distribution/resale of products
Elizabeth Cimentos S.A. |  | 99.98 |  | 99.98 |  | Manufacturing and sale of cement
Santa Ana Energética S.A. |  | 99.98 |  | 99.99 |  | Electric power generation
Topázio Energética S.A. |  | 99.98 |  | 99.99 |  | Electric power generation
Brasil Central Energia Ltda. |  | 99.98 |  | 99.99 |  | Electric power generation
Circula Mais Serviços de Intermediação Comercial S.A. |  | 99.90 |  | 99.99 |  | Commercial intermediation for the purchase and sale of assets and materials in general
Metalgráfica Iguaçu S.A |  | 99.89 |  | 99.89 |  | Metal packaging manufacturing
Companhia Energética Chapecó |  | 79.75 |  | 79.75 |  | Electric power generation
Companhia Estadual de Geração de Energia Elétrica - CEEE-G (1) |  | 98.98 |  | 98.96 |  | Electric power generation
Ventos de Vera Cruz S.A. |  | 98.97 |  | 98.95 |  | Electric power generation
Ventos de Curupira S.A |  | 98.97 |  | 98.95 |  | Electric power generation
Ventos de Povo Novo S.A. |  | 98.97 |  | 98.95 |  | Electric power generation
MAZET - Maschinenbau Zerspanungstechnik GmbH (2) |  | 100.00 |  |  |  | Production and sale of long steel and related activities
CSN Mining Internacional GmbH (3) |  | 100.00 |  |  |  | Commercial and representation of products
Direct interest in joint operations: proportionate consolidation |  |  |  |  |  |
Itá Energética S.A. |  | 48.75 |  | 48.75 |  | Electric power generation
Consórcio da Usina Hidrelétrica de Igarapava |  | 17.92 |  | 17.92 |  | Electric power consortium
Consórcio Itaúba(2) |  | 36.60 |  | 36.60 |  | Electric power generation
Consórcio Passo Real (2) |  | 46.97 |  |  |  | Electric power generation
Direct interest in joint ventures: equity method |  |  |  |  |  |
MRS Logística S.A. |  | 18.64 |  | 18.64 |  | Railroad transportation
Aceros Del Orinoco S.A. (*) |  | 31.82 |  | 31.82 |  | Dormant company
Transnordestina Logística S.A. |  | 48.03 |  | 48.03 |  | Railroad logistics
Equimac S.A |  | 50.00 |  | 50.00 |  | Rental of commercial and industrial machinery and equipment
Consórcio Itaúba(2) |  | 63.40 |  | 63.40 |  | Electric power generation
Consórcio Passo Real (2) |  | 53.03 |  |  |  | Electric power generation
Indirect interest in joint ventures: equity method |  |  |  |  |  |
MRS Logística S.A. |  | 14.86 |  | 14.86 |  | Railroad transportation
Direct interest in associates: equity method |  |  |  |  |  |
Arvedi Metalfer do Brasil S.A. |  | 20.00 |  | 20.00 |  | Metallurgy and Equity interests
Indirect interest in affiliates: equity method |  |  |  |  |  |
Ventos da Lagoa Energia S.A. (3) |  |  |  | 10.00 |  | Electric power generation
Jaguari Energética S.A. |  | 10.39 |  | 10.39 |  | Electric power generation
Chapecoense Geração S.A. |  | 8.91 |  | 8.91 |  | Electric power generation
Parques Eólicos Palmares S.A. (3) |  |  |  | 10.00 |  | Electric power generation
Ventos do Litoral Energia S.A. (3) |  |  |  | 10.00 |  | Electric power generation
Ventos dos índios Energia S.A. (3) |  |  |  | 10.00 |  | Electric power generation
Companhia Energética Rio das Antas - Ceran |  | 29.69 |  | 29.69 |  | Electric power generation
Ventos do Sul Energia S.A. |  | 9.90 |  | 10.00 |  | Electric power generation
Foz Chapecó Energia S.A. |  | 8.91 |  | 8.91 |  | Electric power generation
Exclusive funds: full consolidation |  |  |  |  |  |
Diplic II - Private credit balanced mutual fund |  | 100.00 |  | 100.00 |  | Investment fund
Caixa Vértice - Private credit balanced mutual fund |  | 100.00 |  | 100.00 |  | Investment fund
VR1 - Private credit balanced mutual fund |  | 100.00 |  | 100.00 |  | Investment fund
(*) |  | Dormant companies.
(**) |  | Company incorporated see note 10.b.
(1) |  | On November 24, 2023, Companhia Florestal do Brasil ("CFB") carried out the settlement of the Public Acquisition Offer ("OPA") procedure for shares issued by Companhia Estadual de Geração de Energia Elétrica - CEEE-G (“CEEE-G”), obtaining, at the end of the procedure, the acquisition of 1,609 (one thousand, six hundred and nine) shares of CEEE-G, thus increasing its participation percentage from 98.96% to 98.98% of the Company's share capital.
(2) |  | On June 1, 2023, MAZET - Maschinenbau Zerspanungstechnik GmbH was acquired by the indirect subsidiary Stalhwerk Thüringen GmbH.
(3) |  | On November 21, 2023, the company CSN Mining Internacional GmbH was incorporated by the Company's indirect subsidiary, CSN Mining Holding GmbH.
(4) |  | On December 26, 2022, the Itaúba Consortium was created, with Companhia Siderúrgica Nacional S.A. as consortium members, with a 63.4% share, and CSN Cimentos Brasil S.A., with a 36.6% share. Additionally, on January 17, 2023, the Passo Real Consortium was formed, with the companies Companhia Siderúrgica Nacional S.A., Elizabeth Cimentos S.A., CSN Mineração S.A. and Minérios Nacional S.A. as consortium members, with shares of 46.97%, 28.18%, 23.29% and 1.56%, respectively.
(5) |  | CEEE-G sold its shareholding in the affiliates Ventos Lagoa Energia S.A., Parques Eólicos Palmares S.A., Ventos do Litoral Energia S.A. and Ventos dos Índios Energia S.A.
Schedule of changes in investments in joint ventures, joint operations, associates and other investments |
Schedule of changes in investments in joint ventures, joint operations, associates and other investments |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Consolidated
Companies |  | Final balance on 12/31/2022 |  | Capital increase |  | Dividends |  | Equity Income (2) |  | Comprehensive income |  | Others |  | Final balance on 12/31/2023
Investments under the equity method |  |  |  |  |  |  |  |  |  |  |  |  |  |
Joint-venture, Joint-operation and Affiliate |  |  |  |  |  |  |  |  |  |  |  |  |  |
MRS Logistica (1) |  | 2,054,898 |  |  |  | (106,747) |  | 449,462 |  | 175 |  | (16,181) |  | 2,381,607
Fair Value MRS |  | 480,622 |  |  |  |  |  |  |  |  |  |  |  | 480,622
Fair Value MRS amortization |  | (82,225) |  |  |  |  |  | (11,746) |  |  |  |  |  | (93,971)
Transnordestina Logística S.A. |  | 1,184,514 |  |  |  |  |  | (23,568) |  |  |  |  |  | 1,160,946
Fair Value -Transnordestina |  | 659,106 |  |  |  |  |  |  |  |  |  |  |  | 659,106
Arvedi Metalfer do Brasil (affiliate) |  | 25,782 |  | 11,037 |  |  |  | (1,332) |  |  |  |  |  | 35,487
Equimac S.A |  | 18,482 |  |  |  |  |  | 5,311 |  |  |  |  |  | 23,793
Indirect interest in affiliates - CEEE-G (2) |  | 216,307 |  |  |  | (56,776) |  | 50,757 |  |  |  | (44,397) |  | 165,891
Fair Value indirect participation CEEE-G (3) |  | 359,024 |  |  |  |  |  | (39,315) |  |  |  |  |  | 319,709
Fair Value amortization indirect participation CEEE-G |  | (25,889) |  |  |  |  |  | 1,993 |  |  |  |  |  | (23,896)
|  | 4,890,621 |  | 11,037 |  | (163,523) |  | 431,562 |  | 175 |  | (60,578) |  | 5,109,294
Equity interests evaluated by the cost method (4) |  | 41,093 |  | 9,000 |  |  |  |  |  |  |  |  |  | 50,093
Investments at fair value through profit or loss (note 14) |  | 94,700 |  |  |  |  |  |  |  |  |  | (15,963) |  | 78,737
Other |  | 33,588 |  |  |  |  |  |  |  |  |  | (34,535) |  | (947)
|  | 169,381 |  | 9,000 |  |  |  |  |  |  |  | (50,498) |  | 127,883
Total shareholdings |  | 5,060,002 |  | 20,037 |  | (163,523) |  | 431,562 |  | 175 |  | (111,076) |  | 5,237,177
Classification of investments in the balance sheet |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity interests |  | 5,060,002 |  |  |  |  |  |  |  |  |  |  |  | 5,237,177
Investment Property |  | 159,080 |  |  |  |  |  |  |  |  |  |  |  | 205,954
Total investments in the asset |  | 5,219,082 |  |  |  |  |  |  |  |  |  |  |  | 5,443,131
(1) |  | The balance in others refers to the sale of treasury shares as approved at the Ordinary General Meeting on April 27, 2023.
(2) |  | Mainly refers to the sale by CEEE-G in the first quarter of its shareholding in the affiliates Ventos Lagoa Energia S.A., Parques Eólicos Palmares S.A., Ventos do Litoral Energia S.A. and Ventos dos Índios Energia S.A., consequently, there was a write-off of these investments in the amount of (R$43,567), the effect of the operation was classified in the group of other operating expenses and income.
(3) |  | As of December 31, 2023, the balance of R$ 359,024 refers to the Fair Value generated in the acquisition of CEEE-G, with the disposals mentioned in the item above, the Fair Value was written off in the amount of (R$39,315) referring to the companies' surplus value sold, the effect of the write-off was classified in the equity equivalence group;
(4) |  | These are strategic investments in startups made by the subsidiary CSN Inova Ventures, which are valued using the cost method, in the following companies: Alinea Health Holdings Ltda. I.Systems Aut. Ind., 2D Materials, H2Pro Ltda, 1S1 Energy, Traive INC., OICO Holdings, Clarke Software and Global Dot Com the latter acquired on June 5, 2023.
Schedule of equity in results |
Schedule of equity in results |  |  |
|  |  | Consolidated
| 12/31/2023 |  | 12/31/2022
Equity in results of affiliated companies |  |  |
MRS Logística S.A. | 449,462 |  | 325,800
Transnordestina | (23,568) |  | (29,307)
Arvedi Metalfer do Brasil | (1,332) |  | 4,702
Equimac S.A | 5,311 |  | 3,936
Indirect interest in affiliates - CEEE-G | 50,757 |  |
Fair Value Amortization | (49,068) |  | (37,633)
| 431,562 |  | 267,498
Other adjustments |  |  |
Cost of sales | (110,734) |  | (80,006)
To taxes | 30,421 |  | 27,202
Others | (118) |  | 23,223
Equity in results | 351,131 |  | 237,917
(1) |  | The operating margin of intercompany operations with group companies classified as joint ventures, which are not consolidated, are reclassified in the Income Statement of the Investment group to the cost and income tax and social contribution group.
Schedule of net equity |
Schedule of net equity |
(R$'000) | Net equity as of June 30, 2023
Cash and cash equivalents | 111,937
Trade receivables | 95,506
Inventories | 245,701
Other assets | 229,560
Corporate investments | 1,198,743
Property, plant and equipment | 3,573,944
Intangíible assets | 889,979
Investment properties | 631
Total Assets | 6,346,001
Trade payables | 375,049
Borrowings and financing | 2,678,625
Salaries and social charges | 15,432
Taxes payable | 42,383
Lease liabilities | 15,392
Tax, social security, labor and civil | 11,489
Provisions for environmental liabilities and asset decommissioning | 83,076
Other payables | 741,279
Total Liabilities | 3,962,725
Net assets | 2,383,276
Schedule of primary distribution of shares |
Schedule of primary distribution of shares |
Gain on participation in the capital increase | 1,060,530
Loss due to dilution of participation with issue of new shares | (231,044)
Equity adjustment by dilution of share percentage | (7,393)
Net gain from the transaction | 822,093
Schedule of secondary distribution of shares |
Schedule of secondary distribution of shares |  |
Equity in the transaction |  | 9,947,525
Number of share before initial public offering |  | 5,430,057,060
Cost per share |  | R$ 1.83
Number of shares sold by CSN |  | 377,804,907
Price per share |  | R$ 8.50
(+) Net cash generated in the transaction |  | 3,211,342
(-) Transaction cost |  | (46,730)
(=) net cash reveivable (a) |  | 3,164,612
(-) Cost of shares (b) |  | (692,115)
(=) Net gain from the transaction (a)+(b) |  | 2,472,497
- Shares repurchase program of subsidiary CSN Mineração On March 24, 2021, November 3, 2021, and May 18, 2022, the Board of Directors of CSN Mineração approved the Share Repurchase Plans, to remain in treasury and subsequent disposal or cancellation, pursuant to CVM Instruction 567/2015, described below. On May 18, 2022, the cancellation of 105,907,300 nominative common shares without a nominal value, repurchased and held in treasury, was approved at a Board of Directors' Meeting. On December 31, 2023 the subsidiary CSN Mineração had no treasury shares.
Schedule of share repurchase programs of subsidiary CSN Mineracao |
Schedule of share repurchase programs of subsidiary CSN Mineracao |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Program |  | Board’s Authorization |  | Authorized quantity |  | Program period |  | Average buyback price |  | Minimum and maximum buyback price |  | Number bought back |  | Share cancelation |  | Treasury balance
1º |  | 03/24/2021 |  | 58,415,015 |  | from 3/25/2021 to 9/24/2021 |  | R$6.1451 |  | R$5.5825 and R$6.7176 |  | 52,940,500 |  |  |  | 52,940,500
2º |  | 11/03/2021 |  | 53,000,000 |  | from 11/04/2021 to 9/24/2022 |  | R$6.1644 |  | R$5.0392 and R$6.1208 |  | 52,466,800 |  |  |  | 105,907,300
|  | 05/18/2022 |  |  |  |  |  | Not applicable |  | Not applicable |  |  |  | 105,907,300 |  |
3º |  | 05/18/2022 |  | 106,000,000 |  | from 05/19/2022 to 5/18/2023 |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |  | 105,407,300 |  | 105,907,300 |  |
Schedule of joint ventures and joint operations financial information |
Schedule of breakdown of net assets |  |  |  |
|  | 12/31/2020 |  | 01/31/2021
Assets |  | Appraisal reports |  | Close balance
Trade receivables |  | 37,171 |  | 54,684
Inventories |  | 134,309 |  | 164,460
Other assets |  | 29,186 |  | 30,228
Property, plant and equipment |  | 3,151,349 |  | 3,129,161
Intangíible assets |  | 8,086 |  | 8,086
Liabilities |  |  |  |
Trade payables |  | (253,186) |  | (278,538)
Other payables current |  | (42,074) |  | (34,301)
Lease liabilities |  | (42,257) |  | (24,430)
Other provisions |  | (66,490) |  | (64,125)
Net assets |  | 2,956,094 |  | 2,985,225
Sale of shares – Consórcio Machadinho The Consórcio Machadinho is responsible for the exploration of HPP Machadinho, located on the Uruguay River, on the border of the states of Santa Catarina and Rio Grande do Sul, with an installed capacity of 1,140 MW and a physical guarantee of 519.8 average MW. CEEE-G's share in the Consortium was 5.53%, which implied the same percentage of costs and charges for the project under its responsibility. As provided for in item 5.54 of the Privatization Notice of Auction Notice No. 01/2022 and under the terms of the contract establishing the Consórcio Machadinho, the other consortium members exercised their right of preference to acquire the entire stake in CEEE-G. The sale of CEEE-G's stake in Consórcio Machadinho occurred after the parties agreed to all the terms and conditions of the definitive transaction documents and the usual conditions for closing. Under the terms and conditions of the agreed contract, the completion of the transaction was subject to compliance with the Precedent Condition, with the closure subject to the parties obtaining prior approval from the National Electric Energy Agency – ANEEL to carry out the Transaction, the which was granted in August 2023. The Closing of the transaction was carried out on 09/29/2023, for the amount of R$ 114,763,385.98 (one hundred and fourteen million, seven hundred and sixty-three thousand, three hundred and eighty-five reais and ninety-eight cents).
| 10.d) | Joint ventures and joint operations financial information
The balance sheet and income statement balances of the companies whose control is shared are shown below and refer to 100% of the companies’ results:
Schedule of joint ventures and joint operations financial information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | 12/31/2023 |  |  |  |  |  |  |  | 12/31/2022
|  | Joint-Venture |  | Joint-Operation |  | Joint-Venture |  | Joint-Operation
Equity interest (%) |  | MRS Logística |  | Transnordestina Logística |  | Equimac S.A. |  | Itá Energética |  | MRS Logística |  | Transnordestina Logística |  | Equimac S.A. |  | Itá Energética
| 37.27% |  | 48.03% |  | 50.00% |  | 48.75% |  | 37.27% |  | 48.03% |  | 50.00% |  | 48.75%
Balance sheet |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 3,388,052 |  | 786,007 |  | 13,953 |  | 93,712 |  | 867,937 |  | 1,164 |  | 8,983 |  | 46,946
Advances to suppliers |  | 101,318 |  | 6,161 |  | 77 |  | 409 |  | 29,500 |  | 21,036 |  | 1,384 |  | 1,273
Other current assets |  | 1,390,540 |  | 67,758 |  | 16,747 |  | 30,517 |  | 1,351,335 |  | 78,777 |  | 11,648 |  | 30,735
Total current assets |  | 4,879,910 |  | 859,926 |  | 30,777 |  | 124,638 |  | 2,248,772 |  | 100,977 |  | 22,015 |  | 78,954
Non-current Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  | 679,749 |  | 97,560 |  | 599 |  | 18,054 |  | 887,987 |  | 255,367 |  | 1,643 |  | 19,007
Investments, PP&E and intangible assets |  | 12,774,225 |  | 12,062,189 |  | 48,570 |  | 296,818 |  | 11,541,779 |  | 11,029,525 |  | 41,709 |  | 325,911
Total non-current assets |  | 13,453,974 |  | 12,159,749 |  | 49,169 |  | 314,872 |  | 12,429,766 |  | 11,284,892 |  | 43,352 |  | 344,918
Total Assets |  | 18,333,884 |  | 13,019,675 |  | 79,946 |  | 439,510 |  | 14,678,538 |  | 11,385,869 |  | 65,367 |  | 423,872
Current Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and financing |  | 993,367 |  | 167,201 |  | 8,552 |  |  |  | 735,231 |  | 142,073 |  | 5,497 |  |
Lease liabilities |  | 565,002 |  |  |  | 684 |  |  |  | 472,129 |  |  |  | 701 |  |
Other current liabilities |  | 2,111,251 |  | 80,851 |  | 8,310 |  | 21,222 |  | 1,682,928 |  | 150,268 |  | 5,777 |  | 14,326
Total current liabilities |  | 3,669,620 |  | 248,052 |  | 17,546 |  | 21,222 |  | 2,890,288 |  | 292,341 |  | 11,975 |  | 14,326
Non-current Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and financing |  | 5,879,207 |  | 8,481,707 |  | 12,734 |  |  |  | 3,604,793 |  | 7,142,895 |  | 14,446 |  |
Lease liabilities |  | 1,665,072 |  |  |  | 253 |  |  |  | 1,928,931 |  |  |  | 630 |  |
Other non-current liabilities |  | 729,736 |  | 1,873,232 |  | 1,827 |  | 22,140 |  | 740,892 |  | 1,484,884 |  | 1,353 |  | 18,914
Total non-current liabilities |  | 8,274,015 |  | 10,354,939 |  | 14,814 |  | 22,140 |  | 6,274,616 |  | 8,627,779 |  | 16,429 |  | 18,914
Shareholders’ equity |  | 6,390,249 |  | 2,416,684 |  | 47,586 |  | 396,148 |  | 5,513,634 |  | 2,465,749 |  | 36,963 |  | 390,632
Total liabilities and shareholders’ equity |  | 18,333,884 |  | 13,019,675 |  | 79,946 |  | 439,510 |  | 14,678,538 |  | 11,385,869 |  | 65,367 |  | 423,872
|  |  |  |  | 01/01/2023 to 12/31/2023 |  |  |  |  | 01/01/2022 to 12/31/2022
|  | Joint-Venture |  | Joint-Operation |  |  |  | Joint-Venture |  | Joint-Operation
Equity interest (%) |  | MRS Logística |  | Transnordestina Logística |  | Equimac S.A. |  | Itá Energética |  | MRS Logística |  | Transnordestina Logística |  | Equimac S.A. |  | Itá Energética
| 37.27% |  | 48.03% |  | 50.00% |  | 48.75% |  | 37.27% |  | 48.03% |  | 50.00% |  | 48.75%
Statements of Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue |  | 6,445,618 |  | 570 |  | 52,453 |  | 191,430 |  | 5,592,118 |  | 375 |  | 41,307 |  | 188,024
Cost of sales and services |  | (3,444,706) |  |  |  | (29,333) |  | (99,756) |  | (3,477,896) |  |  |  | (24,977) |  | (100,454)
Gross profit |  | 3,000,912 |  | 570 |  | 23,120 |  | 91,674 |  | 2,114,222 |  | 375 |  | 16,330 |  | 87,570
Operating (expenses) income |  | (485,694) |  | (38,885) |  | (4,640) |  | (83,139) |  | (243,399) |  | (40,685) |  | (3,769) |  | (77,742)
Financial income (expenses), net |  | (722,407) |  | (10,745) |  | (2,763) |  | 5,849 |  | (641,862) |  | (21,551) |  | (3,211) |  | 2,545
Profit/(Loss) before IR/CSLL |  | 1,792,811 |  | (49,060) |  | 15,717 |  | 14,384 |  | 1,228,961 |  | (61,861) |  | 9,350 |  | 12,373
Current and deferred IR/CSLL |  | (586,831) |  |  |  | (3,388) |  | (4,673) |  | (354,786) |  |  |  | (1,479) |  | (4,408)
Profit / (loss) for the year |  | 1,205,980 |  | (49,060) |  | 12,329 |  | 9,711 |  | 874,175 |  | (61,861) |  | 7,871 |  | 7,965
Schedule of joint ventures and joint operations financial information |
Schedule of joint ventures and joint operations financial information |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  | 12/31/2023 |  |  |  |  |  |  |  | 12/31/2022
|  | Joint-Venture |  | Joint-Operation |  | Joint-Venture |  | Joint-Operation
Equity interest (%) |  | MRS Logística |  | Transnordestina Logística |  | Equimac S.A. |  | Itá Energética |  | MRS Logística |  | Transnordestina Logística |  | Equimac S.A. |  | Itá Energética
| 37.27% |  | 48.03% |  | 50.00% |  | 48.75% |  | 37.27% |  | 48.03% |  | 50.00% |  | 48.75%
Balance sheet |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | 3,388,052 |  | 786,007 |  | 13,953 |  | 93,712 |  | 867,937 |  | 1,164 |  | 8,983 |  | 46,946
Advances to suppliers |  | 101,318 |  | 6,161 |  | 77 |  | 409 |  | 29,500 |  | 21,036 |  | 1,384 |  | 1,273
Other current assets |  | 1,390,540 |  | 67,758 |  | 16,747 |  | 30,517 |  | 1,351,335 |  | 78,777 |  | 11,648 |  | 30,735
Total current assets |  | 4,879,910 |  | 859,926 |  | 30,777 |  | 124,638 |  | 2,248,772 |  | 100,977 |  | 22,015 |  | 78,954
Non-current Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other non-current assets |  | 679,749 |  | 97,560 |  | 599 |  | 18,054 |  | 887,987 |  | 255,367 |  | 1,643 |  | 19,007
Investments, PP&E and intangible assets |  | 12,774,225 |  | 12,062,189 |  | 48,570 |  | 296,818 |  | 11,541,779 |  | 11,029,525 |  | 41,709 |  | 325,911
Total non-current assets |  | 13,453,974 |  | 12,159,749 |  | 49,169 |  | 314,872 |  | 12,429,766 |  | 11,284,892 |  | 43,352 |  | 344,918
Total Assets |  | 18,333,884 |  | 13,019,675 |  | 79,946 |  | 439,510 |  | 14,678,538 |  | 11,385,869 |  | 65,367 |  | 423,872
Current Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and financing |  | 993,367 |  | 167,201 |  | 8,552 |  |  |  | 735,231 |  | 142,073 |  | 5,497 |  |
Lease liabilities |  | 565,002 |  |  |  | 684 |  |  |  | 472,129 |  |  |  | 701 |  |
Other current liabilities |  | 2,111,251 |  | 80,851 |  | 8,310 |  | 21,222 |  | 1,682,928 |  | 150,268 |  | 5,777 |  | 14,326
Total current liabilities |  | 3,669,620 |  | 248,052 |  | 17,546 |  | 21,222 |  | 2,890,288 |  | 292,341 |  | 11,975 |  | 14,326
Non-current Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and financing |  | 5,879,207 |  | 8,481,707 |  | 12,734 |  |  |  | 3,604,793 |  | 7,142,895 |  | 14,446 |  |
Lease liabilities |  | 1,665,072 |  |  |  | 253 |  |  |  | 1,928,931 |  |  |  | 630 |  |
Other non-current liabilities |  | 729,736 |  | 1,873,232 |  | 1,827 |  | 22,140 |  | 740,892 |  | 1,484,884 |  | 1,353 |  | 18,914
Total non-current liabilities |  | 8,274,015 |  | 10,354,939 |  | 14,814 |  | 22,140 |  | 6,274,616 |  | 8,627,779 |  | 16,429 |  | 18,914
Shareholders’ equity |  | 6,390,249 |  | 2,416,684 |  | 47,586 |  | 396,148 |  | 5,513,634 |  | 2,465,749 |  | 36,963 |  | 390,632
Total liabilities and shareholders’ equity |  | 18,333,884 |  | 13,019,675 |  | 79,946 |  | 439,510 |  | 14,678,538 |  | 11,385,869 |  | 65,367 |  | 423,872
|  |  |  |  | 01/01/2023 to 12/31/2023 |  |  |  |  | 01/01/2022 to 12/31/2022
|  | Joint-Venture |  | Joint-Operation |  |  |  | Joint-Venture |  | Joint-Operation
Equity interest (%) |  | MRS Logística |  | Transnordestina Logística |  | Equimac S.A. |  | Itá Energética |  | MRS Logística |  | Transnordestina Logística |  | Equimac S.A. |  | Itá Energética
| 37.27% |  | 48.03% |  | 50.00% |  | 48.75% |  | 37.27% |  | 48.03% |  | 50.00% |  | 48.75%
Statements of Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net revenue |  | 6,445,618 |  | 570 |  | 52,453 |  | 191,430 |  | 5,592,118 |  | 375 |  | 41,307 |  | 188,024
Cost of sales and services |  | (3,444,706) |  |  |  | (29,333) |  | (99,756) |  | (3,477,896) |  |  |  | (24,977) |  | (100,454)
Gross profit |  | 3,000,912 |  | 570 |  | 23,120 |  | 91,674 |  | 2,114,222 |  | 375 |  | 16,330 |  | 87,570
Operating (expenses) income |  | (485,694) |  | (38,885) |  | (4,640) |  | (83,139) |  | (243,399) |  | (40,685) |  | (3,769) |  | (77,742)
Financial income (expenses), net |  | (722,407) |  | (10,745) |  | (2,763) |  | 5,849 |  | (641,862) |  | (21,551) |  | (3,211) |  | 2,545
Profit/(Loss) before IR/CSLL |  | 1,792,811 |  | (49,060) |  | 15,717 |  | 14,384 |  | 1,228,961 |  | (61,861) |  | 9,350 |  | 12,373
Current and deferred IR/CSLL |  | (586,831) |  |  |  | (3,388) |  | (4,673) |  | (354,786) |  |  |  | (1,479) |  | (4,408)
Profit / (loss) for the year |  | 1,205,980 |  | (49,060) |  | 12,329 |  | 9,711 |  | 874,175 |  | (61,861) |  | 7,871 |  | 7,965
Schedule of measurement of recoverable value |
Schedule of measurement of recoverable value |
Cash flow projection | By 2057
Gross margin | Estimated based on market study to capture cargo and operating costs according to market trend studies
Cost estimate | Study-based costs and market trends
Perpetuity growth rate | Growth rate was not considered as a result of the projection model until the end of the concession
Discount rate | Range from 5.96% to 6.89% in real terms.
Schedule of investment properties |
Schedule of investment properties |  |  |  |  |  |
|  |  |  |  |  | Consolidated
|  | Land |  | Buildings |  | Total
Balance at December 31, 2021 |  | 101,542 |  | 60,639 |  | 162,181
Cost |  | 101,542 |  | 87,977 |  | 189,519
Accumulated depreciation |  |  |  | (27,338) |  | (27,338)
Balance at December 31, 2021 |  | 101,542 |  | 60,639 |  | 162,181
Acquisitions |  |  |  |  |  |
Depreciation (note 26) |  |  |  | (3,072) |  | (3,072)
Write-off |  | (29) |  |  |  | (29)
Balance at December 31, 2022 |  | 101,513 |  | 57,567 |  | 159,080
Cost |  | 101,513 |  | 87,977 |  | 189,490
Accumulated depreciation |  |  |  | (30,410) |  | (30,410)
Balance at December 31, 2022 |  | 101,513 |  | 57,567 |  | 159,080
Acquisitions |  | 48,000 |  |  |  | 48,000
Depreciation (note 26) |  |  |  | (3,048) |  | (3,048)
Transfer between groups - fixed assets and investment property |  | 7,298 |  |  |  | 7,298
Write-off |  |  |  | (5,376) |  | (5,376)
Balance at December 31, 2023 |  | 156,811 |  | 49,143 |  | 205,954
Cost |  | 156,811 |  | 82,737 |  | 239,548
Accumulated depreciation |  |  |  | (33,594) |  | (33,594)
Balance at December 31, 2023 |  | 156,811 |  | 49,143 |  | 205,954
Schedule of average estimated useful lives |
Schedule of average estimated useful lives |  |  |
|  |  | Consolidated
| 12/31/2023 |  | 12/31/2022
Buildings | 28 |  | 27

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