19. Leases
a) Right of use
| Schedule of right
of use |
|
|
|
|
|
| |
December 31, 2025 |
Additions and contract modifications |
Depreciation |
Translation adjustment |
June 30, 2026 |
| Ports |
26 |
26 |
(11) |
– |
41 |
| Vessels |
345 |
– |
(29) |
– |
316 |
| Pelletizing plants |
90 |
(11) |
(16) |
6 |
69 |
| Properties |
83 |
– |
(9) |
4 |
78 |
| Energy plants |
21 |
– |
(6) |
– |
15 |
| Others |
42 |
4 |
(10) |
3 |
39 |
| Total |
607 |
19 |
(81) |
13 |
558 |
b) Leases liabilities
| Schedule of lease liabilities |
|
|
|
|
|
|
|
| |
December 31, 2025 |
Additions and contract modifications |
Payments (i) |
Interest |
Transfer to held for sale (note 27b) |
Translation adjustment and others |
June 30, 2026 |
| Ports |
31 |
26 |
(20) |
1 |
– |
– |
38 |
| Vessels |
350 |
– |
(35) |
7 |
– |
– |
322 |
| Pelletizing plants |
97 |
(11) |
(4) |
2 |
– |
6 |
90 |
| Properties |
97 |
– |
(12) |
2 |
– |
17 |
104 |
| Energy plants |
43 |
– |
(6) |
1 |
– |
(10) |
28 |
| Others |
50 |
4 |
(6) |
1 |
(4) |
7 |
52 |
| Total |
668 |
19 |
(83) |
14 |
(4) |
20 |
634 |
| Current liabilities |
160 |
|
|
|
|
|
169 |
| Non-current liabilities |
508 |
|
|
|
|
|
465 |
| Total |
668 |
|
|
|
|
|
634 |
(i) The total amount of the variable lease payments not included in the
measurement of lease liabilities was US$65 recorded in the income statement for the six-month period ended June 30, 2026 (2025: US$53
in the six-month period ended June 30, 2025).
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 |
|
|
|
|
|
|
|
|
| |
2026 |
2027 |
2028 |
2029 |
2030 onwards |
Total |
Remaining term (years) |
Discount rate |
| Ports |
1 |
12 |
2 |
2 |
24 |
41 |
1 to 17 |
4% to 6% |
| Vessels |
35 |
70 |
59 |
50 |
138 |
352 |
1 to 7 |
4% |
| Pelletizing plants |
32 |
24 |
21 |
6 |
22 |
105 |
1 to 7 |
2% to 6% |
| Properties |
11 |
21 |
20 |
15 |
32 |
99 |
1 to 13 |
2% to 6% |
| Energy plants |
3 |
5 |
5 |
5 |
28 |
46 |
1 to 4 |
5% |
| Others |
11 |
15 |
12 |
7 |
3 |
48 |
1 to 4 |
3% to 6% |
| Total |
93 |
147 |
119 |
85 |
247 |
691 |
|
|
|