| Schedule of divestment effects of transactions are summarized |
|
| |
June 28, 2024 |
| Cash consideration received |
155 |
| Fair value of 33.9% interest retained (i) |
1,910 |
| |
|
| Effects of the deconsolidation: |
|
| Derecognition of net assets of PTVI |
(3,697) |
| Gain on derecognition of noncontrolling shareholders |
1,628 |
| Gain on the reclassification of cumulative translation adjustments |
1,063 |
| Gain on the transaction recorded in the income statement |
1,059 |
(i) The fair value of the 33.9% retained interest
was estimated based on a third-party valuation report. The valuation considered the discounted cash flow method. The key assumptions considered
were (i) discount rate of 7.75% with incremental risk premium of around 1.00% on certain assets, (ii) asset life through to 2065, and
(iii) range of expected nickel prices from US$/t 17,501 to US$/t 21,000.
|