XML 51 R19.htm IDEA: XBRL DOCUMENT v3.25.1
INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
INTANGIBLE ASSETS

 

11.INTANGIBLE ASSETS

 

                               
                                Consolidated
    Ref.   Goodwill   Customer relationships   Software   Trademarks
and
patents		   Rights and licenses (*)   Others   Total
Balance at December 31, 2022        4,131,483    152,484   87,846   225,187    6,188,654    2,400   10,788,054
 Cost         4,371,890    753,307    296,456   226,581    6,400,593    2,400   12,051,227
 Accumulated amortization         (131,077)   (600,823)   (208,610)    (1,394)    (211,939)     (1,153,843)
 Adjustment for accumulated recoverable value         (109,330)                      (109,330)
Balance at December 31, 2022        4,131,483    152,484   87,846   225,187    6,188,654    2,400   10,788,054
 Effect of foreign exchange differences             (4,999)   2,182    (9,104)        (117)    (12,038)
 Acquisitions             349   1,956       9,700     12,005
 Transfer between groups - fixed assets         (5,228)       16,179   83   20,249     31,283
 Write-offs    27            (35,245)              (35,245)
 Amortization    26       (62,558)    (55,486)    (2,169)    (127,641)      (247,854)
 Others                 276             276
Balance at December 31, 2023        4,126,255    85,276   17,708   213,997    6,090,962    2,283   10,536,481
 Cost         4,675,302    718,929    276,617   217,560    6,431,706    2,283   12,322,397
 Accumulated amortization         (549,047)   (633,653)   (258,909)    (3,563)    (340,744)     (1,785,916)
Balance at December 31, 2023        4,126,255    85,276   17,708   213,997    6,090,962    2,283   10,536,481
 Effect of foreign exchange differences            4,748    504   36,655         41,907
 Acquisitions                2,956             2,956
 Transfer between groups - fixed assets                70,819       3,644     74,463
 Write-offs    27           (798)              (798)
 Amortization    26       (49,785)    (26,975)    (4)    (141,446)      (218,210)
 Transfers to other asset categories                49,786   1,780    (51,566)      
 Others                        1,292     1,292
Balance at December 31, 2024        4,126,255    40,239    114,000   252,428    5,902,886    2,283   10,438,091
 Cost         4,675,302    858,748    389,604   256,085    6,384,805    2,283   12,566,827
 Accumulated amortization         (549,047)   (818,509)   (275,604)    (3,657)    (481,919)     (2,128,736)
Balance at December 31, 2024        4,126,255    40,239    114,000   252,428    5,902,886    2,283   10,438,091

(*) Composed mainly of: (i) mining rights amortized by production volume and (ii) Concession contract for hydroelectric resource utilization in acquiring control of Companhia Estadual de Geração de Energia Elétrica, with amortization performed over the contract's term.

 

The estimated average useful lives are as follows (in years):

 

     
      Consolidated
  12/31/2024   12/31/2023
Software 8   10
Customer relationships 13   13

 

11.a)Goodwill impairment test

 

Goodwill arising from expected future profitability of acquired companies and intangible assets of brands with indefinite useful lives were allocated to CSN's operating divisions (CGUs), which represent the lowest level of assets or group of assets of the Group.

 

                           
                            Consolidated
        Goodwill Trademarks Total
Cash generating unity   Segment   12/31/2024   12/31/2023   12/31/2024   12/31/2023   12/31/2024   12/31/2023
             
Packaging (1)    Steel     170,163   170,163          170,163   170,163
Long steel (2)    Steel     235,595   235,595    217,538   179,175    453,133   414,770
Mining (3)    Mining     3,236,402   3,236,402         3,236,402   3,236,402
Other Steel (4)    Steel     15,225   15,225          15,225   15,225
Cements (5)    Cement     468,870   468,870    34,822    34,822    503,692   503,692
         4,126,255   4,126,255    252,360   213,997   4,378,615   4,340,252

(1) Acquisition of CBL Group in 2011 and Metalgráfica Iguaçu in 2022 by Prada
(2) Acquisition of Stahlwerk Thuringen GmbH (“SWT”) and Gallardo Sections in 2012 by CSN
(3) Acquisition of Namisa in 2015 by CSN Mineração
(4) Acquisition of CBSI in 2019 by CSN
(5) Acquisition of Elizabeth Cimentos S.A. in 2021 and CSN Cimentos Brasil S.A. in 2022 by CSN.

 

 

Accounting Policy

 

Intangible assets basically comprise assets acquired from third parties, including through a business combination. These assets are recorded at acquisition or formation cost and deducted from amortization calculated using the straight-line method based on the economic useful life of each asset, within the estimated exploration or recovery periods.

 

Mineral exploration rights are classified as rights and licenses in the intangible group.

 

Intangible assets with indefinite useful lives are not amortized.

 

·Goodwill

 

Goodwill is represented by the positive difference between the amount paid and/or payable for the acquisition of a business and the net amount of the fair value of the assets and liabilities acquired. The goodwill from business combinations is recorded as an intangible asset in the consolidated financial statements. In the individual balance sheet goodwill is included in investments. Gain from advantageous purchase is recorded as gain in profit or loss for the year on the acquisition date. Gains and losses from the disposal of a Cash Generating Unit (“CGU”) include the carrying amount of goodwill related to the CGU sold.