Investor Presentaiton
34. Assets and liabilities classified as
held for sale
The result of subsidiary Acerias Paz del Rio, for the year ended December
31, 2021, in the amount of R$235, was reclassified from Continuing opera-
tions to Discontinued operations according to the following table:
Accounting policy
Assets are classified as assets held for sale when their carrying amount
is recovered, mainly through sale, and when the sale is considered highly
probable.
The asset or group of assets to be classified as held for sale shall be mea-
sured on initial recognition at the lower of what its carrying amount would
have been had it not been so classified and the fair value less costs to sell. If
the asset or group of assets is acquired as part of a business combination, it
must be measured at fair value less costs to sell. When the sale is expected
to occur after one year, the entity shall measure the selling expenses at
present value. Any increase in the present value of selling expenses that
results from the passage of time must be presented in profit or loss as a
financial expense.
Depreciation of assets held for trading ceases when a group of assets is
designated as held for sale. The assets and liabilities of the group of discon-
tinued assets are presented in single lines in assets and liabilities.
The breakdown by company of assets (related liabilities) held for sale is
shown below:
Continuing operations
Net revenue from products sold and services rendered
Cost of products sold and services rendered
Gross profit
Operating expenses (income)
Selling
General and administrative
Other operating income (expenses), net
Operating profit before equity results and finance results
Finance results, net
Finance income
Finance costs
Profit before income tax and social contribution
Income tax and social contribution
Current
Deferred
Profit from continuing operations
Acerias Paz del Rio
Votorantim Cimentos S.A.
Companhia Nexa Resources Peru S.A.A
December 31, 2021
Assets
Liabilities
1,251
1,153
25
10
5
0
1,281
1,163
188
2021
1,995
(1,520)
475
(53)
(113)
70
(96)
379
25
(101)
(76)
303
(3)
(65)
235
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