| FINANCIAL INCOME/(EXPENSE) |
| 30. | FINANCIAL INCOME/(EXPENSE) |
| Schedule of financial income expenses |
|
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|
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|
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| |
|
|
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Consolidated |
| |
Ref. |
12/31/2025 |
|
12/31/2024 |
|
12/31/2023 |
| Financial income |
|
|
|
|
|
|
| Related parties |
24.b |
311,335 |
|
245,336 |
|
225,149 |
| Income from financial investments |
|
1,034,063 |
|
952,779 |
|
826,028 |
| Updated shares – Fair value through profit or loss |
15.d |
|
|
|
|
308,309 |
| Dividends receivable |
|
7,663 |
|
2,512 |
|
52,516 |
| Interest and fines |
|
69,934 |
|
77,480 |
|
82,634 |
| Other income |
|
93,812 |
|
119,956 |
|
161,111 |
| Total financial income |
|
1,516,807 |
|
1,398,063 |
|
1,655,747 |
| Financial expenses |
|
|
|
|
|
|
| Borrowings and financing - foreign currency |
14 |
(2,221,823) |
|
(2,334,763) |
|
(1,567,508) |
| Borrowings and financing - local currency |
14 |
(2,092,298) |
|
(1,895,650) |
|
(2,096,805) |
| Capitalized interest |
11 |
403,302 |
|
206,764 |
|
182,799 |
| Updated shares – Fair value through profit or loss |
15.d |
(57,562) |
|
(632,612) |
|
|
| Related parties |
24.b |
(4,528) |
|
(6,602) |
|
(8,249) |
| Lease liabilities |
|
(105,771) |
|
(94,034) |
|
(76,514) |
| Interest and fines |
|
(186,329) |
|
(119,765) |
|
(146,222) |
| Interest on forfaiting operations |
|
(184,692) |
|
(363,538) |
|
(465,574) |
| (-) Adjusted present value of trade payables |
|
(493,244) |
|
(354,027) |
|
(353,774) |
| Commission, bank fees, guarantee and bank fees |
|
(193,304) |
|
(373,859) |
|
(199,505) |
| PIS/COFINS over financial income |
|
(79,483) |
|
(122,263) |
|
(87,144) |
| Other financial expenses |
|
(1,236,843) |
|
(873,918) |
|
(533,581) |
| Total financial expenses |
|
(6,452,575) |
|
(6,964,267) |
|
(5,352,077) |
| Others financial items, net |
|
|
|
|
|
|
| Foreign exchange and monetary variation, net |
|
(1,340,576) |
|
483,489 |
|
(524,302) |
| Gains and (losses) on exchange derivatives (*) |
|
(218,503) |
|
(750,102) |
|
69,250 |
| Exchange rate fluctuations in iron ore |
15.c |
(1,345) |
|
19,445 |
|
|
| Total others financial items, net |
|
(1,560,424) |
|
(247,167) |
|
(455,052) |
| Financial income (expenses) |
|
(8,012,999) |
|
(7,211,434) |
|
(5,807,129) |
| |
|
|
|
|
|
|
| Financial income (expenses), net |
|
(6,496,192) |
|
(5,813,371) |
|
(4,151,382) |
| |
|
|
|
|
|
|
| (*) Statement of gains and (losses) on derivative transactions (note 15.c) |
|
|
|
|
|
|
| Exchange rate swap Real x Dollar |
|
(180,672) |
|
188,364 |
|
(96,602) |
| Exchange rate swap Dollar x Euro |
|
|
|
|
|
9,567 |
| Interest rate swap CDI x IPCA |
|
(69,762) |
|
(791,937) |
|
112,694 |
| Exchange rate swap CDI x Dollar |
|
31,931 |
|
(146,529) |
|
43,591 |
| Total |
|
(218,503) |
|
(750,102) |
|
69,250 |
Accounting Policy
Financial income includes interest income on short-term
investments and changes in the fair value of financial assets measured at fair value through profit or loss. Interest income is recognized
in profit or loss using the effective interest method.
Financial expenses include interest expenses on loans
and losses at the fair value of financial instruments measured at fair value through profit or loss. Borrowing costs that are not directly
attributable to the acquisition, construction or production of a qualifying asset are measured in profit or loss using the effective interest
method. Foreign exchange gains and losses are reported on a net basis.
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