Gerdau(GGB) - 2022 Q1 - Quarterly Report

GERDAU S.A. Condensed consolidated interim financial statements as of March 31, 2022 Exhibit 99.1 GERDAU S.A. CONSOLIDATED BALANCE SHEETS In thousands of Brazilian reais (R$) (Unaudited) | | Note | March 31, 2022 | December 31, 2021 | | --- | --- | --- | --- | | CURRENT ASSETS | | | | | Cash and cash equivalents | 4 | 4,895,161 | 4,160,654 | | Short-term investments | 4 | 2,695,636 | 2,626,212 | | Trade accounts receivable | 5 | 6,756,022 | 5,414,075 | | Inventories | 6 | 16,317,038 | 16,861,488 | | Tax cre ...