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Investor Presentaiton

Consolidated statement of value added Years ended December 31 - All amounts in millions of reais unless otherwise stated (A free translation of the original in Portuguese) Note 2021 2020 Note 2021 2020 Revenue Distribution of value added Sales of products and services Estimated loss on doubtful accounts 11 Other operating income, net 30 56,586 68 46 40,489 (31) 56,700 484 40,942 Personnel and payroll charges Direct remuneration Social charges Benefits Inputs acquired from third parties 3,373 1,151 2,873 1,122 737 709 5,261 4,704 Raw materials and other production inputs Materials, energy, outsourced services and others (31,948) (22,915) Taxes and contributions Federal Impairment of assets 30 Gross value added (887) 559 24,424 (821) (2,778) 14,428 State Municipal Deferred taxes 4,645 2,909 4,089 2,798 23 18 1,631 686 10,388 6,411 18, 19 and Depreciation, amortization and depletion 21 Net value added generated by the Company (3,637) 20,787 (3,293) Third-party capital remuneration 11,135 Finance costs and foreign exchange losses Rentals 7,689 9,493 378 345 8,067 9,838 Value added received through transfers Equity in the results of investees Own capital remuneration 17 Finance income and foreign exchange losses 585 9,464 10,049 727 6,026 6,753 Non-controlling interests 720 (1,429) Dividends (2,712) (1,005) Reinvested profits (offset losses) 8,877 (619) Total value added to distribute 30,836 17,888 Loss on discontinued operations 235 7,120 (12) (3,065) 110 Value added distributed 30,836 17,888 =
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