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OTHER OPERATING INCOME AND EXPENSES
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
OTHER OPERATING INCOME AND EXPENSES

 

27.OTHER OPERATING INCOME AND EXPENSES

 

           
             Consolidated 
    12/31/2023   12/31/2022   12/31/2021
Other operating income            
Receivables by indemnity   12,608   10,588   13,646
Rentals and leases   20,730   17,178   11,688
Dividends received     1,039     832   26,600
PIS, COFINS and INSS to compensate               236,000
Contractual fines     4,356   11,863     1,468
Updated shares – Fair value through profit or loss (note 13)     (15,963)     (95,620)     109,254
Gain on disposal of investments (1)     114,763          
Tax Recovery (2)     249,852        
Net gain in shares sale (note 10.d) (3)               2,472,497
Others revenues (4)   62,631     308,392   87,219
Total other operating income      450,016     253,233     2,958,372
             
Other operating expenses            
Taxes and fees    (106,771)    (372,897)    (109,693)
Expenses/reversal with environmental liabilities, net     (18,031)     (10,145)    (8,789)
Write-off/(Provision) of judicial lawsuits     (12,441)    (209,396)     (25,063)
Depreciation and amortization (note 26)     (80,924)     (77,386)     (97,725)
Reversal/(Write-offs) of estimated losses in fixed assets, intangible assets and Investment properties, net of reversal (notes 10.g, 11 e 12) (5)    (122,894)   24,133    (112,886)
Reversal of Impairment Fair Value Transnordestina (note 10.e)          387,989     
Estimated (Loss)/reversal in inventories (6)    (655,055)    (226,942)    (138,779)
Idleness in stocks and paralyzed equipment (7)     (296,819)    (122,031)     (37,609)
Studies and project engineering expenses     (58,303)     (58,443)     (77,059)
Research and development expenses         (461)    (355)
Healthcare plan expenses     (36,147)     (24,158)     (31,989)
Cash flow hedge accounting realized (note 14) (8)    (1,144,335)    (1,478,589)    (553,018)
Actuarial pension plan     (59,411)     (59,693)     (48,068)
Other expenses    (496,045)    (679,836)    (474,999)
Total other operating expenses     (3,087,176)    (2,907,855)    (1,716,032)
Other operating income (expenses), net    (2,637,160)    (2,654,622)     1,242,340

 

(1)Refers to the gain on the sale of Consórcio Machadinho (see note 10.e);

 

(2)Mostly refers to IPI credits (R$121,896) and income tax litigation abroad (R$106,405).

 

(3)Refers to the initial public offering of shares of CSN Mineração S.A. (see note 10.c).

 

(4)In 2022 the undisputed amount of R$134,611 was recognized as refund of the amounts overpaid for railway freight from April 1994 to March 1996 to the company RFFSA, which after extinction became part of the Federal Government's liabilities;

 

(5)In 2023 refers to the write-off on the sale of Consórcio Machadinho (R$ 22,326 see note 10.e);

 

(6)Refers substantially to losses incurred in the production process at the Presidente Vargas Plant (“UPV”) and losses in inventories.

 

(7)In 2023, it is the unused capacity due to lower-than-normal production volume at the Presidente Vargas Plant (“UPV”). In 2022, it is the unused capacity due to lower than usual production volume, because of the intense rains during the ore extraction operation;

 

(8)Refers to the effects of a cash flow hedge in the amount of (R$353,406) and a Platts Hedge in the amount of (R$790,929).