Investor Presentaiton
35. Supplementary information -
Business segments
Adjusted EBITDA
Note
Net income (loss) for the year
Industrial segments
2021 2020
7,120 (3,066)
To provide a higher level of information, the Company opted to disclose
financial information by business segments, considering the elimination of
balances and transactions between companies in the same segment, befo-
re: (i) the eliminations between business segments; and (ii) the elimination
of investments held by holding companies.
Additionally, the eliminations and reclassifications between the companies
are highlighted, so that the net result corresponds to the consolidated fi-
nancial information of the VSA, disclosed as supplementary information.
This supplementary information is not intended to be in accordance and is
not required by accounting practices adopted in Brazil or by IFRS.
(a) Capital management
The financial leverage ratios are calculated according to the information of
the industrial segments, considering the accumulated results for 12 mon-
ths, as loan covenants, and are summarized as follow:
Plus (less):
Continuing operations
Equity in the results of investees
Net financial results
(460) (715)
(1,803) 3,462
Income and social contribution taxes
3,326 1,593
Depreciation, amortization and depletion
3,637 3,180
EBITDA before other additions and exceptional items
Plus:
11,820
4,454
Dividends received
189
142
Extraordinary items
Discontinued operations
Gain on sale of investments, net
Impaiment of property, plant, equipment and intangible
assets
Provision for impairment of investments
Net gain from the advantageous purchase of an investee
Other
Adjusted annualized EBITDA (A)
Net debt
Borrowing
Lease liabilities
Cash and cash equivalents, financial investments and
derivative financial instruments
(235)
13
(629)
(427)
(36) 2,802
827
(243) (366)
(234) 119
11,459 6,737
20
25,004 25,065
1,551
858
(16,601) (14,662)
189
Net debt (B)
Gearing ratio (B/A)
9,954 11,261
0.87
1.67
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