Vale S.A. | CIK:0000917851 | 3

  • Filed: 4/13/2018
  • Entity registrant name: Vale S.A. (CIK: 0000917851)
  • Generator: Merrill
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/917851/000104746918002777/0001047469-18-002777-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/917851/000104746918002777/vale-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000917851
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  • ifrs-full:DisclosureOfDividendsExplanatory

     

     

    2017

     

    Net income of the year

     

    5,507

     

    Appropriation to legal reserve

     

    (275

    )

    Appropriation to tax incentive reserve

     

    (216

    )

     

     

     

     

    Net income after appropriations to legal reserve and tax incentive reserve

     

    5,016

     

    Minimum mandatory remuneration (i) 

     

    1,475

     

    Appropriation to investments reserve

     

    3,541

     

     

     

    (i)  The minimum mandatory remuneration were based on interest on capital and will be paid in 2018, in the amount of US$0.28378015600 per share. Due to the Brazilian legislation, the Company must retain and collect the amount of withholding tax (15%) and cannot be considered when charging the interest on capital to the mandatory dividend.