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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  • ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory

     

    16.        Noncontrolling interest

     

    a) Summarized financial information

     

    The summarized financial information, prior to the eliminations of the intercompany balances and transactions, about subsidiaries with material noncontrolling interest are as follows:

     

     

     

    December 31, 2017

     

     

     

    MBR

     

    PTVI

     

    VNC

     

    Vale Moçambique
    S.A.

     

    Compañia
    Mineradora Miski
    Mayo S.A.C. (i)

     

    Others (ii)

     

    Total

     

    Current assets

     

    408

     

    394

     

    251

     

    381

     

    78

     

     

     

     

    Non-current assets

     

    3,041

     

    1,586

     

    2,046

     

    1,653

     

    436

     

     

     

     

    Related parties - Stockholders

     

    591

     

    147

     

    115

     

    253

     

    6

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Total assets

     

    4,040

     

    2,127

     

    2,412

     

    2,287

     

    520

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Current liabilities

     

    170

     

    128

     

    142

     

    128

     

    36

     

     

     

     

    Non-current liabilities

     

    288

     

    237

     

    202

     

    32

     

    97

     

     

     

     

    Related parties - Stockholders

     

    226

     

    3

     

    1,318

     

    8,232

     

    9

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Total liabilities

     

    684

     

    368

     

    1,682

     

    8,392

     

    142

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Stockholders’ equity

     

    3,356

     

    1,759

     

    730

     

    (6,105

    )

    380

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Equity attributable to noncontrolling interests

     

    1,342

     

    735

     

    37

     

    (1,101

    )

    228

     

    73

     

    1,314

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Net income (loss)

     

    434

     

    (15

    )

    (572

    )

    (659

    )

    (11

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Net income (loss) attributable to noncontrolling interests

     

    174

     

    (6

    )

    (28

    )

    (104

    )

    (6

    )

    (16

    )

    14

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Dividends paid to noncontrolling interests

     

    113

     

     

     

     

     

    13

     

     

     

    (i)  Discontinued operations

    (ii)  Dividends paid to noncontrolling interests relates to Vale Oman Pelletizing

     

     

     

    December 31, 2016

     

     

     

    MBR

     

    PTVI

     

    VNC

     

    Vale Moçambique
    S.A.

     

    Compañia
    Mineradora Miski
    Mayo S.A.C. (i)

     

    Others

     

    Total

     

    Current assets

     

    32

     

    444

     

    383

     

    386

     

    94

     

     

     

     

    Non-current assets

     

    3,182

     

    1,668

     

    2,101

     

    1,796

     

    429

     

     

     

     

    Related parties - Stockholders

     

    551

     

    132

     

    79

     

    358

     

    13

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Total assets

     

    3,765

     

    2,244

     

    2,563

     

    2,540

     

    536

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Current liabilities

     

    106

     

    139

     

    124

     

    95

     

    35

     

     

     

     

    Non-current liabilities

     

    198

     

    261

     

    177

     

    29

     

    99

     

     

     

     

    Related parties - Stockholders

     

    37

     

    6

     

    1,055

     

    7,861

     

    11

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Total liabilities

     

    341

     

    406

     

    1,356

     

    7,985

     

    145

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Stockholders’ equity

     

    3,424

     

    1,838

     

    1,207

     

    (5,445

    )

    391

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Equity attributable to noncontrolling interests

     

    1,406

     

    741

     

    40

     

    (272

    )

    235

     

    (168

    )

    1,982

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Net income (loss)

     

    400

     

    2

     

    (807

    )

    (541

    )

    3

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Net income (loss) attributable to noncontrolling interests

     

    165

     

    1

     

    (40

    )

    (27

    )

    2

     

    (107

    )

    (6

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Dividends paid to noncontrolling interests

     

    262

     

     

     

     

    28

     

     

     

     

     

     

    December 31, 2015

     

     

     

    MBR

     

    PTVI

     

    VNC

     

    Vale Moçambique
    S.A.

     

    Compañia
    Mineradora Miski
    Mayo S.A.C. (i)

     

    Others

     

    Total

     

    Net income (loss)

     

    250

     

    36

     

    (1,916

    )

    (3,766

    )

    16

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Net income (loss) attributable to noncontrolling interests

     

    66

     

    15

     

    (373

    )

    (188

    )

    10

     

    (21

    )

    (491

    )

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Dividends paid to noncontrolling interests

     

     

     

     

     

    40

     

     

     

     

    (i)  Discontinued operation

     

    The stand-alone financial information may differ from the financial information reported herein, since they may be adjusted, when necessary to Vale’s accounting policies including eventual goodwill, provisional price adjustment, etc.

     

    b) Acquisitions and divestments

     

    In March 2017, the Company concluded the transaction with Mitsui to sell 15% of its stake in Vale Moçambique and 50% of its stake in the Nacala Logistics Corridor. After the completion of the transaction, the Company holds 81% of Vale Moçambique and shares control of the Nacala Logistic Corridor with Mitsui. Further details are disclosed in note 15.