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OTHER PAYABLES (CURRENT AND NON-CURRENT)
 12 Months Ended
Dec. 31, 2024
Notes and other explanatory information [abstract]  
OTHER PAYABLES (CURRENT AND NON-CURRENT)

 

17.OTHER PAYABLES (CURRENT AND NON-CURRENT)

 

The other payables classified in current and non-current liabilities are comprised as follows:

 

                     
                    Consolidated
    Ref.   Current Non-current
      12/31/2024   12/31/2023   12/31/2024   12/31/2023
Related party liabilities       45,816   29,651   20,850   38,058
Derivative financial instruments           936,027   157,857   60,468
Dividends and interest on capital   14   61,965   80,624        
Advances from customers (1)       3,648,639   2,063,509   10,120,950   5,144,623
Taxes in installments   19   56,226   75,735   103,955   154,089
Profit sharing - employees       235,789   260,109        
Taxes payable               9,767   30,902
Provision for consumption and services       202,006   177,152        
Third party materials in our possession       374,052   285,250        
Trade payables   16           43,263   31,060
Lease liabilities   15   206,323   137,638   633,982   596,123
Concessions to be paid               78,728   74,177
Other payables       118,593   39,231   675,441   308,992
        4,949,409   4,084,926   11,844,793   6,438,492
(1) Customer Advances:
Iron Ore: refers to iron ore supply contracts signed by the Company with important international players. The subsidiary CSN Mineração S.A. received in advance the total amount of US$ 500,000 relating to supply contracts for approximately 13 million tons of iron ore signed with a major international player, to be executed within a period of 4 years, with supply expected to start in 2024. On June 30, 2023, the subsidiary CSN Mineração entered an amendment 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 addendum, the Company received on June 30, 2023 the amount of US$ 205,000, the remaining balance of US$ 95,000 was received on July 31, 2023. On June 28, 2024, the indirect subsidiary CSN Mining International GmbH entered an iron ore supply advance agreement in the amount of US$ 255,000, for the supply of 6.5 million tons expected to be realized over the next 4 years. On September 25, 2024, another iron ore advance contract was signed by CSN Mining International GmbH in the amount of US$ 450,000 for the supply of an additional 9.7 million tons of iron ore and on September 27, 2024, another advance iron ore supply contract was signed in the amount of US$ 300,000 for the supply of 7.2 million tons. Both contracts signed in September 2024 provide for the start of implementation in January 2025, with a deadline for completion until December 2028. On December 17, 2024, the indirect subsidiary, CSN Mining International GmbH signed two prepayment contracts that, together, total an amount of US$ 355,000. The achievements of the new contracts are expected to start in January 2025 and will extend until 2029. During this period, the company undertakes to supply iron ore according to the terms agreed in the contracts, guaranteeing the delivery of 8.1 Mt over the next five years.
Electricity: On December 31, 2022, the subsidiaries CSN Mineração and CSN Cimentos signed advance electricity trading contracts with national sector operators to be executed for up to 8 years. On June 25, 2024, June 27, 2024, and November 29, 2024, the Company signed electric energy commercialization advance contracts with national sector operators, in the amounts of R$ 156,643, R$ 95,040, and R$ 601,000, respectively, to be executed within 4 years.