22. Leases
a) Right of use
| Schedule of right of use |
|
|
|
|
|
|
| |
December 31, 2024 |
Additions and contract modifications |
Depreciation and impairments |
Transfer to held for sale (note 15a) |
Translation adjustment |
June 30, 2025 |
| Ports |
51 |
– |
(13) |
– |
4 |
42 |
| Vessels |
353 |
21 |
(24) |
– |
– |
350 |
| Pelletizing plants |
109 |
(14) |
(15) |
– |
15 |
95 |
| Properties |
94 |
24 |
(8) |
(37) |
11 |
84 |
| Energy plants |
28 |
– |
(3) |
– |
1 |
26 |
| Others |
25 |
3 |
(13) |
– |
1 |
16 |
| Total |
660 |
34 |
(76) |
(37) |
32 |
613 |
b) Leases liabilities
| Schedule of lease liabilities |
|
|
|
|
|
|
|
| |
December 31, 2024 |
Additions and contract modifications |
Payments (i) |
Interest |
Transfer to held for sale (note 15a) |
Translation adjustment |
June 30, 2025 |
| Ports |
54 |
– |
(10) |
1 |
– |
4 |
49 |
| Vessels |
356 |
21 |
(31) |
6 |
– |
– |
352 |
| Pelletizing plants |
126 |
(14) |
(3) |
3 |
– |
17 |
129 |
| Properties |
107 |
24 |
(11) |
2 |
(37) |
13 |
98 |
| Energy plants |
43 |
– |
(2) |
2 |
– |
1 |
44 |
| Others |
27 |
3 |
(6) |
2 |
– |
1 |
27 |
| Total |
713 |
34 |
(63) |
16 |
(37) |
36 |
699 |
| Current liabilities |
147 |
|
|
|
|
|
175 |
| Non-current liabilities |
566 |
|
|
|
|
|
524 |
| Total |
713 |
|
|
|
|
|
699 |
(i) The total amount of the variable lease payments not included
in the measurement of lease liabilities was US$53 recorded in the income statement in the six-month period ended June 30, 2025 (2024:
US$117).
Annual minimum payments and remaining lease term
The following table presents the
undiscounted lease obligation by maturity date. The lease liability recognized in the statement of financial position is measured at the
present value of such obligations.
| Schedule of summary of annual minimum payments related |
|
|
|
|
|
|
|
|
| |
2025 |
2026 |
2027 |
2028 |
2029 onwards |
Total |
Remaining term (years) |
Discount rate |
| Ports |
14 |
14 |
1 |
1 |
18 |
48 |
1 to 18 |
4% to 5% |
| Vessels |
34 |
62 |
61 |
51 |
188 |
396 |
1 to 8 |
3% to 4% |
| Pelletizing plants |
34 |
27 |
24 |
24 |
27 |
136 |
1 to 8 |
2% to 6% |
| Properties |
11 |
22 |
21 |
20 |
114 |
188 |
1 to 14 |
2% to 6% |
| Energy plants |
5 |
6 |
5 |
5 |
34 |
55 |
1 to 5 |
5% |
| Others |
6 |
10 |
5 |
3 |
1 |
25 |
1 to 4 |
3% to 6% |
| Total |
104 |
141 |
117 |
104 |
382 |
848 |
|
|
|