XML 88 R55.htm IDEA: XBRL DOCUMENT v3.24.1.u1
OTHER PAYABLES (Tables)
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Schedule of other payables
               
              Consolidated
  Current Non-current
  12/31/2023   12/31/2022   12/31/2023   12/31/2022
Payables to related parties (note 22 b) 29,651   109,087   38,058   53,356
Derivative financial instruments (note 14 d) 936,027   416,935   60,468   69,472
Dividends and interest on capital 80,624   611,307        
Advances from customers (1) 2,063,509   1,120,072   5,144,623   943,919
Taxes in installments (note 19) 75,735   280,721   154,089   184,106
Profit sharing - employees 260,109   266,705        
Taxes payable         30,902   10,925
Provision for consumption and services 177,152   241,965        
Third party materials in our possession 285,250   303,858        
Trade payables - Drawee Risk and forfaiting (2) 4,209,434   5,709,069        
Trade payables (note 16)     31,060   46,269
Lease Liabilities (note 15)   137,638     177,010   596,123   516,836
Concessions payable         74,177   77,296
Other payables  39,231    81,922   308,992   314,239
  8,294,360   9,318,651   6,438,492   2,216,418

 

(1)Advances from Customers: On December 31, 2022, the subsidiaries CSN Mineração and CSN Cimentos signed advance contracts for the sale of electricity with national operators in the sector to be executed for up to 8 years. Additionally, the subsidiary CSN Mineração S.A. received in advance the total amount of US$500,000 (R$2,599,300) relating to supply contracts for approximately 13 million tons of iron ore signed with an important international player, to be executed within a period of 4 years, with supply scheduled to begin in 2024. On June 30, 2023, the subsidiary CSN Mineração entered into an addendum to the advance contract, signed on January 16, 2023, in the amount of US$300,000 for additional supply of 6.3 million tons of iron ore. From this amendment, the Company received the amount of US$205,000 (R$987,936) on June 30, 2023, the remaining balance of US$95,000 was received on July 31, 2023.

 

(2)The Company discloses and classifies in the group of other obligations under a specific heading its drawn risk and forfaiting operations with suppliers where the nature of the securities continue to be part of the Company's operational cycle. These operations are negotiated with financial institutions to enable the Company's suppliers to advance receivables arising from sales of goods and, consequently, extend the payment terms for the Company's own obligations. The term of these operations varies from 180 days to 360 days.