BUSINESS COMBINATION (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
IfrsStatementLineItems [Line Items] |
|
Schedule of determination of purchase |
Schedule of determination of purchase price |
|
|
|
|
|
|
Item |
|
Comment |
|
BRL thousand |
|
Reference |
Equity interests issued |
|
|
|
263 |
|
(a) |
Equity interests issued |
|
|
|
133,100 |
|
(b) |
Purchase price considered for the business combination |
|
|
|
133,363 |
|
|
a) |
Prada approved a capital increase in the amount of R$263 with the issuance of 571,251 common shares, paid in with Metalgráfica shares.
The shares were issued at the equity value according to the Appraisal Report. |
|
Schedule of fair value measurement |
Schedule of fair value measurement |
|
Equity value - Metalgráfica |
date base - 03/31/2022 |
Discounted Cash Flow |
59,353 |
Discounted residual value |
33,973 |
Enterprise value |
93,326 |
Indebtdness net |
(109,133) |
Non-operating assets/liabilities |
16,070 |
Equity value |
263 |
b) Metalgráfica's Board of Directors approved
on September 6, 2022 the capital increase in the amount of R$ 133,100 through the issue of 122,110,092 shares subscribed by Prada.
|
Schedule of goodwill on acquisition |
Schedule
of goodwill on acquisition |
|
|
|
|
Item |
|
BRL thousand |
|
Reference |
Purchase price considered |
|
133,363 |
|
(i) |
Fair value of the assets and liabilities acquired |
|
121,948 |
|
(iii) |
Goodwill based on expectations for future profitability (note 12) |
|
11,415 |
|
|
|
Schedule of Fair value of assets acquired and liabilities assumed |
Schedule
of fair value of assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
(R$'000) |
|
Accounting Balances |
|
Proforma Adjustment |
|
Fair value adjustment |
|
Total fair value |
Current Assets |
|
23,924 |
|
133,100 |
|
|
|
157,024 |
Cash and cash equivalents |
|
569 |
|
|
|
|
|
569 |
Trade receivables |
|
7,249 |
|
|
|
|
|
7,249 |
Inventories |
|
4,435 |
|
|
|
|
|
4,435 |
Other assets |
|
713 |
|
133,100 |
|
|
|
133,813 |
Recoverable taxes and contributions |
|
10,958 |
|
|
|
|
|
10,958 |
|
|
|
|
|
|
|
|
|
Non-current Assets |
|
58,408 |
|
|
|
72,184 |
|
130,592 |
Recoverable taxes and contributions |
|
38,649 |
|
|
|
|
|
38,649 |
Other assets |
|
1,856 |
|
|
|
|
|
1,856 |
Investments |
|
10 |
|
|
|
|
|
10 |
Property, plant and equipment |
|
17,750 |
|
|
|
72,184 |
|
89,934 |
Intangibles |
|
143 |
|
|
|
|
|
143 |
Total assets acquired |
|
82,332 |
|
133,100 |
|
72,184 |
|
287,616 |
|
|
|
|
|
|
|
|
|
Current Liabilities |
|
134,464 |
|
|
|
|
|
134,464 |
Borrowings and financing |
|
89,852 |
|
|
|
|
|
89,852 |
Trade payables |
|
17,114 |
|
|
|
|
|
17,114 |
Labor obligations |
|
17,339 |
|
|
|
|
|
17,339 |
Taxes payable |
|
181 |
|
|
|
|
|
181 |
Advances from customers |
|
1,158 |
|
|
|
|
|
1,158 |
Installments |
|
2,227 |
|
|
|
|
|
2,227 |
Other accounts |
|
6,593 |
|
|
|
|
|
6,593 |
|
|
|
|
|
|
|
|
|
Non-current Liabilities |
|
31,204 |
|
|
|
|
|
31,204 |
Borrowings and financing |
|
21,844 |
|
|
|
|
|
21,844 |
Installments |
|
6,462 |
|
|
|
|
|
6,462 |
Other accounts |
|
2,898 |
|
|
|
|
|
2,898 |
Total liabilities assumed |
|
165,668 |
|
|
|
|
|
165,668 |
Net equity acquired |
|
(83,336) |
|
133,100 |
|
72,184 |
|
121,948 |
|
Schedule of fair value allocated amounts composition |
Schedule of fair value allocated amounts composition |
|
|
|
|
|
|
|
|
Assets acquired |
|
Valuation method |
|
Carrying amounts |
|
Fair value adjustment |
|
Total fair value |
Property, plant and equipment |
|
The values of fixed assets were adjusted by the difference between the revalued value of f ixed assets and their respective net book value, according to a technical evaluation carried out by an independent appraiser for the groups of assets represented by buildings, vehicles, furniture and fixtures. The useful lives follow the terms disclosed in note 11. |
|
17,750 |
|
72,184 |
|
89,934 |
|
|
|
|
17,750 |
|
72,184 |
|
89,934 |
|
Schedule Of Fair Value Allocation Composition |
Schedule Of Fair Value Allocation Composition |
|
|
|
|
|
|
|
|
Assets acquired |
|
Valuation method |
|
Carrying amounts |
|
Fair value adjustment |
|
Total fair value |
Property, plant and equipment |
|
The values of fixed assets were adjusted by the difference between the revalued value of fixed assets and their respective net book value, according to a technical evaluation carried out by an independent appraiser for the groups of assets represented by improvements constructions, vehicles, furniture and fixtures. The useful lives follow the terms disclosed in note 12. |
|
201,424 |
|
(68,835) |
|
132,589 |
Intangible assets |
|
Evaluated by the MPEEM method that measures the present value of future income to be generated during the remaining useful life of a given asset. Using the analysis of the company's projected results as a reference, the pre-tax cash flows directly attributable to the asset are calculated, as of the base date stipulated in the evaluation. |
|
|
|
328,437 |
|
328,437 |
|
|
|
|
201,424 |
|
259,602 |
|
461,026 |
|
C S N Cimentos Brasil S A [Member] |
|
IfrsStatementLineItems [Line Items] |
|
Schedule of Fair value of assets acquired and liabilities assumed |
Schedule of Fair value of assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
CSN Cimentos Brasil |
|
|
Carrying amounts |
|
Fair value adjustments |
|
Total fair value |
Cash and cash equivalents |
|
496,445 |
|
|
|
496,445 |
Trade receivables |
|
141,266 |
|
|
|
141,266 |
Inventories |
|
272,106 |
|
|
|
272,106 |
Recoverable taxes |
|
229,940 |
|
|
|
229,940 |
Deferred taxes |
|
982,547 |
|
|
|
982,547 |
Other assets |
|
147,565 |
|
|
|
147,565 |
Property, plant and equipment |
|
3,185,975 |
|
402,289 |
|
3,588,264 |
Intangíible assets |
|
7,429 |
|
173,586 |
|
181,015 |
Total assets acquired |
|
5,463,273 |
|
575,875 |
|
6,039,148 |
|
|
|
|
|
|
|
Trade payables |
|
510,522 |
|
|
|
510,522 |
Lease liabilities |
|
43,978 |
|
|
|
43,978 |
Taxes payable |
|
50,527 |
|
|
|
50,527 |
Salaries and social charges |
|
32,324 |
|
|
|
32,324 |
Other payables |
|
139,830 |
|
|
|
139,830 |
Taxes in installments |
|
148,249 |
|
|
|
148,249 |
Legal Contingencies |
|
491,114 |
|
|
|
491,114 |
Total liabilities assumed |
|
1,416,544 |
|
|
|
1,416,544 |
Net equity acquired |
|
4,046,729 |
|
575,875 |
|
4,622,604 |
CSN Cimentos S.A. has engaged an independent company
to prepare an appraisal report on the tangible and intangible assets and allocation of the excess price paid.
The fair value allocation resulted in a gain totaling
R$575,875 distributed among CSN Cimentos Brasil’s main assets. The following table shows the composition of the allocated amounts
and a summary of its calculation methodology:
Assets acquired |
|
Valuation method |
|
Carrying amounts |
|
Fair value adjustment |
|
Total fair value |
Property, plant and equipment |
|
Valued using the "MARKET APPROACH" method, where the fair value of the asset is estimated by comparing it with similar or comparable assets that have been sold or listed for sale in the primary or secondary market. |
|
3,185,975 |
|
402,289 |
|
3,588,264 |
Mining rights |
|
Evaluated by the MPEEM method that measures the present value of future income to be generated during the remaining useful life of a given asset. Using the analysis of the company's projected results as a reference, the pre-tax cash flows directly attributable to the asset are calculated, as of the base date stipulated in the evaluation. |
|
2,456 |
|
135,216 |
|
137,672 |
Trademarks |
|
The brands were evaluated using the Royalty Relief method, which consists in projecting expected royalty payments and measuring them at present value. |
|
|
|
38,370 |
|
38,370 |
Softwares |
|
The Company's software has not been evaluated. |
|
4,973 |
|
|
|
4,973 |
|
|
|
|
3,193,404 |
|
575,875 |
|
3,769,279 |
|
Santa Ana Energetica And Topazio Energetica S A [Member] |
|
IfrsStatementLineItems [Line Items] |
|
Schedule of determination of purchase |
Schedule of determination of purchase price |
|
|
|
|
|
|
|
|
Item |
|
Comment |
|
Santa Ana Energética |
|
Topázio Enérgetica |
|
Reference |
Assets transferred |
|
In the transaction, a payment in the amount of R$466,153 was made. |
|
37,292 |
|
428,861 |
|
(i) |
Purchase price considered for the business combination |
|
|
|
37,292 |
|
428,861 |
|
|
(i) | | On June 30, 2022, the transaction was concluded with the payment by CSN Cimentos and CSN
Energia in the amount of R$466,153. |
|
Schedule of Fair value of assets acquired and liabilities assumed |
Schedule of fair value of assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Santa Ana Energética |
|
Topázio Enérgetica |
(R$'000) |
|
Carrying amounts |
|
Fair value adjustments |
|
Total fair value |
|
Carrying amounts |
|
Fair value adjustments |
|
Total fair value |
Cash and cash equivalents |
|
1,602 |
|
|
|
1,602 |
|
3,493 |
|
|
|
3,493 |
Trade receivables |
|
13 |
|
|
|
13 |
|
199 |
|
|
|
199 |
Inventories |
|
422 |
|
|
|
422 |
|
647 |
|
|
|
647 |
Recoverable taxes |
|
2 |
|
|
|
2 |
|
87 |
|
|
|
87 |
Other assets |
|
| |
|
|
|
|
21 |
|
|
|
21 |
Property, plant and equipment (1) |
|
28,163 |
|
10,482 |
|
38,645 |
|
173,494 |
|
(79,317) |
|
94,177 |
Intangíible assets (1) |
|
| |
(3,200) |
|
(3,200) |
|
| |
331,637 |
|
331,637 |
Total assets acquired |
|
30,202 |
|
7,282 |
|
37,484 |
|
177,941 |
|
252,320 |
|
430,261 |
|
|
|
|
|
|
|
|
| |
|
|
|
Accounts payable |
|
2 |
|
|
|
2 |
|
179 |
|
|
|
179 |
Taxes payable |
|
72 |
|
|
|
72 |
|
821 |
|
|
|
821 |
Salaries and social charges |
|
| |
|
|
|
|
167 |
|
|
|
167 |
Other payables |
|
92 |
|
|
|
92 |
|
| |
|
|
|
Leases |
|
26 |
|
|
|
26 |
|
233 |
|
|
|
233 |
Total liabilities assumed |
|
192 |
|
|
|
192 |
|
1,400 |
|
|
|
1,400 |
Net equity acquired |
|
30,010 |
|
7,282 |
|
37,292 |
|
176,541 |
|
252,320 |
|
428,861 |
1 | | - Refer to a PP&E impairment recognized in Topázio and a recognition of an onerous
contract related to prior concession agreement of Santa Ana. |
|
Estadualde Geracaode Energia Eletrica [Member] |
|
IfrsStatementLineItems [Line Items] |
|
Schedule of determination of purchase |
Schedule of determination of purchase price |
|
|
|
|
|
|
Item |
|
Comment |
|
BRL thousand |
|
Reference |
Assets transferred |
|
|
|
928,000 |
|
(i) |
Purchase price considered for the business combination |
|
|
|
928,000 |
|
|
(i) | | On October 21, 2022, the transaction was concluded with the payment by the Company of R$928,000. |
|
Schedule of Fair value of assets acquired and liabilities assumed |
Schedule of fair value of assets and liabilities assumed |
|
|
|
|
|
|
(R$'000) |
|
Carrying amounts |
|
Fair value adjustments |
|
Total fair value |
Cash and cash equivalents |
|
661,864 |
|
|
|
661,864 |
Trade receivables |
|
51,333 |
|
|
|
51,333 |
Inventories |
|
2,636 |
|
|
|
2,636 |
Recoverable taxes |
|
5,043 |
|
|
|
5,043 |
Other assets |
|
125,516 |
|
|
|
125,516 |
Judicial deposits and guarantees |
|
59,335 |
|
|
|
59,335 |
Investments |
|
312,800 |
|
359,024 |
|
671,824 |
Property, plant and equipment |
|
31,853 |
|
|
|
31,853 |
Intangíible assets |
|
2,041,196 |
|
17,270 |
|
2,058,466 |
Total assets acquired |
|
3,291,576 |
|
376,294 |
|
3,667,870 |
|
|
|
|
|
|
|
Trade payables |
|
22,928 |
|
|
|
22,928 |
Taxes payable |
|
19,951 |
|
|
|
19,951 |
Salaries and social charges |
|
16,343 |
|
|
|
16,343 |
Deferred taxes |
|
(65,560) |
|
|
|
(65,560) |
Judicial contingencies |
|
306,400 |
|
|
|
306,400 |
Other payables |
|
134,380 |
|
|
|
134,380 |
Bonus grant payable |
|
2,024,118 |
|
|
|
2,024,118 |
Total liabilities assumed |
|
2,458,560 |
|
|
|
2,458,560 |
Net equity acquired |
|
833,016 |
|
376,294 |
|
1,209,310 |
Equity acquired (66.23%) |
|
551,706 |
|
376,294 |
|
928,000 |
The subsidiary Companhia Florestal do Brasil S.A.
has engaged an independent company to prepare an appraisal report on the tangible and intangible assets (basically concession agreement)
and allocation of the excess price paid.
The fair value allocation resulted in an adjustment
totaling R$376,294 distributed among CEEE-G's main assets. The following table shows the composition of the allocated amounts and a summary
of its calculation methodology:
Assets acquired |
|
Valuation method |
|
Carrying amounts |
|
Fair value adjustment |
|
Total fair value |
Investments |
|
Initially evaluated by the FDC - Discounted Cash Flow method for each investment, however, certain stakes are tied to purchase options with third parties at prices predetermined in the auction notice. Therefore, the fair value of these investments was measured considering the lower of the value identified in the FDC and the value of the purchase option |
|
312,800 |
|
359,024 |
|
671,824 |
Intangible assets |
|
Evaluated by the MPEEM method that measures the present value of future income to be generated during the remaining useful life of a given asset. Using the analysis of the company's projected results as a reference, the pre-tax cash flows directly attributable to the asset are calculated, as of the base date stipulated in the evaluation. |
|
2,041,196 |
|
17,270 |
|
2,058,466 |
|
|
|
|
2,353,996 |
|
376,294 |
|
2,730,290 |
|
C S N Cimentos Brasil S A [Member] |
|
IfrsStatementLineItems [Line Items] |
|
Schedule of determination of purchase |
Schedule of determination of purchase |
|
|
|
|
|
|
Item |
|
Comment |
|
CSN Cimentos Brasil |
|
Reference |
Assets transferred |
|
|
|
5,013,436 |
|
(i) |
Purchase price considered for the business combination |
|
|
|
5,013,436 |
|
|
(i) | | On the date of its completion, the transaction included (i) the transfer to the sellers of
the amount of US$50,000 – equivalent to R$261,140 deposited by CSN Cimentos in September 2021 in an escrow account, and (ii) the
payment of US$910,733 million – equivalent to R$4,752,296. The final price considered in the transaction was US$960,733 –
equivalent to R$5,013,436. |
|
Schedule of goodwill on acquisition |
Schedule
of goodwill on acquisition |
|
|
|
|
Item |
|
CSN Cimentos Brasil S.A. |
|
Reference |
Purchase price considered |
|
5,013,436 |
|
item (i) |
Fair value of the assets and liabilities acquired |
|
4,622,604 |
|
item (iii) |
Goodwill based on expectations for future profitability (note 12) |
|
390,832 |
|
|
|
Companhia Energetica Chapeco [Member] |
|
IfrsStatementLineItems [Line Items] |
|
Schedule of determination of purchase |
Schedule of determination of purchase |
|
|
|
|
|
|
Item |
|
Comment |
|
BRL thousand |
|
Reference |
Assets transferred |
|
|
|
358,634 |
|
(i) |
Purchase price considered for the business combination |
|
|
|
358,634 |
|
|
(i) | | On October 7, 2022, the transaction was completed with the payment of R$358,634 by CSN Mineração
and CSN Energia. |
|
Schedule of Fair value of assets acquired and liabilities assumed |
Schedule of Fair value of assets acquired and liabilities assumed |
|
|
|
|
|
|
(R$'000) |
|
Carrying amounts |
|
Fair value adjustment |
|
Total fair value |
Assets |
|
|
|
|
|
|
Cash and cash equivalents |
|
41,693 |
|
|
|
41,693 |
Trade receivables |
|
5,745 |
|
|
|
5,745 |
Other assets |
|
246 |
|
|
|
246 |
Recoverable taxes and contributions |
|
5,420 |
|
|
|
5,420 |
Deferred taxes |
|
9,521 |
|
|
|
9,521 |
Judicial deposits |
|
151 |
|
|
|
151 |
Property, plant and equipment |
|
106,695 |
|
195,026 |
|
301,721 |
Intangíible assets |
|
104,499 |
|
83,610 |
|
188,109 |
Total assets acquired |
|
273,970 |
|
278,636 |
|
552,606 |
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
Trade payables |
|
157 |
|
|
|
157 |
Labor obligations |
|
364 |
|
|
|
364 |
Taxes payable |
|
1,945 |
|
|
|
1,945 |
Concession payable |
|
12,281 |
|
|
|
12,281 |
Other accounts |
|
1,567 |
|
|
|
1,567 |
Advances from customer |
|
100,012 |
|
|
|
100,012 |
Concession payable |
|
77,646 |
|
|
|
77,646 |
Total liabilities assumed |
|
193,972 |
|
|
|
193,972 |
Total equity acquired |
|
79,998 |
|
278,636 |
|
358,634 |
CSN Mineração has engaged an independent
company to prepare an appraisal report on the tangible and intangible assets (basically concession and energy sales agreements) and allocation
of the excess price paid.
The fair value allocation resulted in a gai totaling
R$278,636, distributed among Company's main assets. The following table shows the composition of the allocated amounts and a summary of
its calculation methodology:
Assets acquired |
|
Valuation method |
|
Carrying amounts |
|
Fair value adjustment |
|
Total fair value |
Property, plant and equipment |
|
The values of fixed assets were adjusted by the difference between the revalued value of fixed assets and their respective net book value, according to a technical evaluation carried out by an independent appraiser for the groups of assets represented by buildings, vehicles, furniture and fixtures. The useful lives follow the terms disclosed in note 11 |
|
106,695 |
|
195,026 |
|
301,721 |
Intangible assets |
|
Evaluated by the MPEEM method that measures the present value of future income to be generated during the remaining useful life of a given asset. Using the analysis of the company's projected results as a reference, the pre-tax cash flows directly attributable to the asset are calculated, as from the base date stipulated in the evaluation and Incremental Cash Flow, where the economic gain generated by the spread between the contract value and the spot value of energy was the basis of a free cash flow. |
|
104,499 |
|
83,610 |
|
188,109 |
|
|
|
|
211,194 |
|
278,636 |
|
489,830 |
|
Elizabeth Cimentos And Elizabeth Mineracao [Member] |
|
IfrsStatementLineItems [Line Items] |
|
Schedule of determination of purchase |
Schedule of determination of purchase |
|
|
|
|
|
|
|
|
Item |
|
Comment |
|
Elizabeth Cimentos |
|
Elizabeth Mineração |
|
Reference |
Assets transferred |
|
A payment in the amount of R$201 milion is being carried out in the transaction. |
|
77,768 |
|
123,947 |
|
(i) |
Assets transferred |
|
Refers to financial adjustment of working capital and debt. |
|
(3,914) |
|
(5,116) |
|
(i) |
Equity interests issued |
|
Shares issued by Elizabeth Cimentos and acquired by CSN Cimentos. |
|
526,037 |
|
|
|
(ii) |
Purchase price considered for the business combination |
|
|
|
599,891 |
|
118,831 |
|
|
| (i) | The transaction included payments
by CSN Cimentos of R$77,768 and R$123,947 on August 31, 2021, and an adjustment in the amount of R$3,914 and R$5,116, received in December
2021 related to working capital adjustment provided for in the sale agreement. |
| (ii) | In August 2021, Elizabeth Cimentos
performed a primary issuance of 2,382,758,512 new common shares, nominative and with no par value, which were subscribed and paid in by
CSN Cimentos. |
|
Schedule of goodwill on acquisition |
Schedule of goodwill on acquisition |
|
|
|
|
|
|
Item |
|
Reference |
|
Elizabeth Cimentos |
|
Elizabeth Mineração |
Purchase price considered |
|
item (i) and (ii) |
|
599,891 |
|
118,831 |
Fair value of the assets and liabilities acquired |
|
|
|
516,625 |
|
118,831 |
Goodwill for future profitability expected |
|
|
|
83,266 |
|
- |
|
Schedule of Fair value of assets acquired and liabilities assumed |
Schedule of Fair value of assets acquired and liabilities assumed |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Elizabeth Cimentos |
|
Elizabeth Mineração |
|
|
Carrying amounts |
|
Fair value adjustments |
|
Total fair value |
|
Carrying amounts |
|
Fair value adjustments |
|
Total fair value |
Cash and cash equivalents |
|
52,571 |
|
| |
52,571 |
|
2,197 |
|
|
|
2,197 |
Trade receivables |
|
27,571 |
|
| |
27,571 |
|
1,027 |
|
|
|
1,027 |
Receivables from related parties |
|
96,374 |
|
| |
96,374 |
|
9,035 |
|
|
|
9,035 |
Inventories |
|
44,157 |
|
| |
44,157 |
|
1,017 |
|
|
|
1,017 |
Recoverable taxes |
|
18,616 |
|
| |
18,616 |
|
931 |
|
|
|
931 |
Short-term investments |
|
14,689 |
|
| |
14,689 |
|
| |
|
|
|
Other assets |
|
17,733 |
|
| |
17,733 |
|
673 |
|
|
|
673 |
Investment |
|
|
|
| |
| |
40,653 |
|
24,845 |
|
65,498 |
Property, plant and equipment |
|
373,574 |
|
161,367 |
|
534,941 |
|
15,092 |
|
77,089 |
|
92,181 |
Intangíible assets |
|
798 |
|
59,456 |
|
60,254 |
|
500 |
|
269,385 |
|
269,885 |
Total assets acquired |
|
646,083 |
|
220,823 |
|
866,906 |
|
71,125 |
|
371,319 |
|
442,444 |
|
|
|
|
| |
| |
| |
|
|
|
Borrowings and financing |
|
198,778 |
|
| |
198,778 |
|
182,402 |
|
|
|
182,402 |
Trade payables |
|
22,735 |
|
| |
22,735 |
|
446 |
|
|
|
446 |
Taxes payable |
|
19,202 |
|
| |
19,202 |
|
37,158 |
|
|
|
37,158 |
Debits with related parties |
|
|
|
| |
| |
96,350 |
|
|
|
96,350 |
Other payables |
|
44,052 |
|
| |
44,052 |
|
7,257 |
|
|
|
7,257 |
Total liabilities assumed |
|
284,767 |
|
| |
284,767 |
|
323,613 |
|
|
|
323,613 |
Net equity acquired |
|
361,316 |
|
220,823 |
|
582,139 |
|
(252,488) |
|
371,319 |
|
118,831 |
Indirect investiment |
|
(40,663) |
|
(24,851) |
|
(65,514) |
|
| |
|
|
|
Net equity acquired |
|
320,653 |
|
195,972 |
|
516,625 |
|
(252,488) |
|
371,319 |
|
118,831 |
The fair value allocation resulted in an adjustment
totaling R$567,297, distributed among the main assets of Elizabeth Cimentos and Elizabeth Mineração. The following table
shows the composition of the allocated amounts and a summary of its calculation methodology:
Assets acquired |
|
Valuation method |
|
Carrying amounts |
|
Fair value adjustment |
|
Total fair value |
Property, plant and equipment |
|
Valued using the "MARKET APPROACH" method, where the fair value of the asset is estimated by comparing it with similar or comparable assets that have been sold or listed for sale in the primary or secondary market. |
|
388,666 |
|
238,456 |
|
627,122 |
Mining rights |
|
Evaluated by the MPEEM method that measures the present value of future income to be generated during the remaining useful life of a given asset. Using the analysis of the company's projected results as a reference, the pre-tax cash flows directly attributable to the asset are calculated, as of the base date stipulated in the evaluation. |
|
500 |
|
269,385 |
|
269,885 |
Licenses |
|
Valued using the WITH / WITHOUT method, which estimates the intangible value by the difference between discounted cash flow models with and without the asset. |
|
798 |
|
59,456 |
|
60,254 |
|
|
|
|
389,964 |
|
567,297 |
|
957,261 |
|