XML 39 R20.htm IDEA: XBRL DOCUMENT v3.19.1
Other financial assets and liabilities
12 Months Ended
Dec. 31, 2018
Other financial assets and liabilities  
Other financial assets and liabilities

13.   Other financial assets and liabilities

 

 

 

 

 

 

 

 

 

 

 

Current

 

Non-Current

 

    

December 31, 2018

    

December 31, 2017

    

December 31, 2018

    

December 31, 2017

Other financial assets

 

 

 

 

 

 

 

 

Financial investments

 

32

 

18

 

 —

 

 —

Loans

 

 —

 

 —

 

153

 

151

Derivative financial instruments (note 25)

 

39

 

106

 

392

 

453

Investments in equity securities (note 14)

 

 —

 

 —

 

987

 

 —

Related parties - Loans (note 31)

 

364

 

1,898

 

1,612

 

2,628

 

 

435

 

2,022

 

3,144

 

3,232

Other financial liabilities

 

 

 

 

 

 

 

 

Derivative financial instruments (note 25)

 

470

 

104

 

344

 

686

Related parties (note 31)

 

1,134

 

882

 

960

 

975

Participative stockholders' debentures

 

 —

 

 —

 

1,407

 

1,233

 

 

1,604

 

986

 

2,711

 

2,894

 

Participative stockholders’ debentures

At the time of its privatization in 1997, the Company issued debentures to then-existing stockholders, including the Brazilian Government. The debentures’ terms were set to ensure that pre-privatization stockholders would participate in potential future benefits that might be obtained from exploration of mineral resources.

A total of 388,559,056 debentures were issued with a par value of R$0.01 (one cent of Brazilian Real) and are inflation-indexed to the General Market Price Index (“IGP-M”), as set forth in the Issue Deed. The Company paid as remuneration the amount of US$148 and US$147, respectively, for the year ended December 31, 2018 and 2017.