Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2022 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2022 |
Current Fiscal Year End Date | --12-31 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 001-38714 |
Entity Registrant Name | StoneCo. Ltd. |
Entity Incorporation, State or Country Code | E9 |
Entity Address, Address Line One | 4th Floor, Harbour Place |
Entity Address, Address Line Two | 103 South Church Street |
Entity Address, Address Line Three | P.O. Box 10240 |
Entity Address, City or Town | Grand Cayman |
Entity Address, Postal Zip Code | KY1-1002 |
Entity Address, Country | KY |
Title of 12(b) Security | Class A common shares, par value US$0.000079365 per share |
Trading Symbol | STNE |
Security Exchange Name | NASDAQ |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
ICFR Auditor Attestation Flag | true |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Amendment Flag | false |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
Entity Central Index Key | 0001745431 |
Business Contact | |
Document Information [Line Items] | |
Entity Address, Address Line One | Avenida Doutora Ruth Cardoso, 7221, 20th floor |
Entity Address, Address Line Two | Pinheiros |
Entity Address, City or Town | São Paulo |
Entity Address, Postal Zip Code | 05425-902 |
Entity Address, Country | BR |
Contact Personnel Name | Silvio José Morais |
City Area Code | 55 (11) |
Local Phone Number | 94558-4719 |
Contact Personnel Fax Number | 55 (11) 94558-4719 |
Contact Personnel Email Address | @stone.com.br |
Class A common stock | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 293,891,057 |
Class B common stock | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 18,748,770 |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2022 | |
Audit Information [Abstract] | |
Auditor Name | Ernst & Young Auditores Independentes S/S Ltda. |
Auditor Location | São Paulo, Brazil |
Auditor Firm ID | 1448 |
Consolidated statement of chang
Consolidated statement of changes in equity - BRL (R$) R$ in Thousands | Total | Issued capital | Additional paid-in capital | Transactions among shareholders | Special reserve | Other reserves | Total | Treasury shares | Other comprehensive income | Retained earnings | Total | Non-controlling interests |
Beginning balance at Dec. 31, 2019 | R$ 5973005 | R$ 62 | R$ 5440047 | R$ 223676 | R$ 61127 | R$ 166288 | R$ 5443786 | R$ 90 | R$ 72335 | R$ 600956 | R$ 5972379 | R$ 626 |
Statement [LineItems] | ||||||||||||
Net income (loss) for the year | 837,446 | 854,071 | 854,071 | (16,625) | ||||||||
Other comprehensive income (loss) for the year | 67,140 | 67,333 | 67,333 | (193) | ||||||||
Total comprehensive income | 904,586 | 67,333 | 854,071 | 921,404 | (16,818) | |||||||
Capital increase | 7,872,554 | 13 | 7,872,541 | 7,872,541 | 7,872,554 | |||||||
Transaction costs from subsidiaries | (39,964) | 39,964 | 39,964 | 39,964 | ||||||||
Share-based payments | 31,508 | 31,296 | 31,296 | 31,296 | 212 | |||||||
Issuance of shares for business acquisition | 34,961 | 34,961 | 34,961 | 34,961 | ||||||||
Repurchase and cancelation of shares | 91 | 91 | 91 | 91 | ||||||||
Repurchase of shares | (76,270) | 76,270 | 76,270 | |||||||||
Cash proceeds from noncontrolling interest | 230,898 | 135,055 | 135,055 | 135,055 | 95,843 | |||||||
Dilution of non-controlling interest | 0 | (2,138) | (2,138) | (2,138) | 2,138 | |||||||
Non-controlling interests arising on a business combination | 61,720 | 61,720 | ||||||||||
Dividends paid | (904) | 904 | ||||||||||
Others | 22 | 22 | ||||||||||
Ending balance at Dec. 31, 2020 | 14,992,025 | 75 | 13,307,585 | (86,483) | 61,127 | 197,493 | 13,479,722 | (76,360) | (5,002) | 1,455,027 | 14,853,462 | 138,563 |
Statement [LineItems] | ||||||||||||
Net income (loss) for the year | (1,377,348) | (1,358,813) | (1,358,813) | (18,535) | ||||||||
Other comprehensive income (loss) for the year | (29,118) | (30,790) | (30,790) | 1,672 | ||||||||
Total comprehensive income | (1,406,466) | (30,790) | (1,358,813) | (1,389,603) | (16,863) | |||||||
Transaction costs from subsidiaries | (23,848) | 23,848 | 23,848 | 23,848 | ||||||||
Share-based payments | 133,154 | 133,121 | 133,121 | 133,121 | 33 | |||||||
Issuance of shares for business combination | 643,727 | 619,362 | 24,365 | 643,727 | 643,727 | |||||||
Repurchase of shares | (988,824) | 988,824 | 988,824 | |||||||||
Issuance of shares for purchased non-controlling interests | 230,500 | 1 | 517,740 | (209,330) | 308,410 | 308,411 | (77,911) | |||||
Cash proceeds from noncontrolling interest | 893 | 893 | ||||||||||
Non-controlling interests arising on a business combination | 50,252 | 50,252 | ||||||||||
Sale of subsidiary | (1,219) | (1,219) | ||||||||||
Dividends paid | (2,967) | 2,967 | ||||||||||
Others | (7) | (7) | ||||||||||
Ending balance at Dec. 31, 2021 | 13,627,220 | 76 | 13,825,325 | 299,701 | 61,127 | 354,979 | 14,541,132 | (1,065,184) | (35,792) | 96,214 | 13,536,446 | 90,774 |
Statement [LineItems] | ||||||||||||
Net income (loss) for the year | (526,396) | (519,417) | (519,417) | (6,979) | ||||||||
Other comprehensive income (loss) for the year | (401,071) | |||||||||||
Other comprehensive loss for the year | (401,070) | (396,909) | (396,909) | (4,161) | ||||||||
Total comprehensive income | (927,467) | |||||||||||
Total comprehensive income | (927,466) | (396,909) | (519,417) | (916,326) | (11,140) | |||||||
Share-based payments | 189,050 | 189,003 | 189,003 | 189,003 | 47 | |||||||
Sale of subsidiary | (60) | (60) | ||||||||||
Dividends paid | (3,601) | 3,601 | ||||||||||
Others | 6 | 6 | ||||||||||
Shares delivered under share-based payment arrangements | (34,315) | (88,264) | (122,579) | 122,579 | ||||||||
Equity transaction with non-controlling interests | (30,549) | (6,792) | (6,792) | (6,792) | (23,757) | |||||||
Equity transaction related to put options over non-controlling interest | (74,440) | (78,289) | (78,289) | (78,289) | 3,849 | |||||||
Treasury shares - Delivered on business combination and sold | 169,864 | (703,656) | (703,656) | 873,520 | 169,864 | |||||||
Ending balance at Dec. 31, 2022 | R$ 12950024 | R$ 76 | R$ 13825325 | R$ 445062 | R$ 61127 | R$ 377429 | R$ 13818819 | R$ 69085 | R$ 432701 | R$ 423203 | R$ 12893906 | R$ 56118 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash flows from (used in) operating activities [abstract] | |||
Net income (loss) for the year | R$ 526396 | R$ 1377348 | R$ 837446 |
Adjustments to reconcile profit (loss) [abstract] | |||
Depreciation and amortization | 800,326 | 507,369 | 256,294 |
Deferred income tax and social contribution | (153,066) | (239,827) | 73,330 |
Loss on investment in associates | 3,589 | 10,437 | 6,937 |
Interest, monetary and exchange variations, net | (382,707) | (735,125) | (283,899) |
Provision for contingencies | 18,849 | 4,263 | 2,259 |
Share-based payments expense | 189,050 | 133,154 | 31,508 |
Allowance for expected credit losses | 88,572 | 71,972 | 35,632 |
Loss on disposal of property, equipment and intangible assets | 25,347 | 136,104 | 52,658 |
Effect of applying hyperinflation | 3,852 | 2,040 | 0 |
Loss on sale of subsidiary | 20,308 | 12,746 | 0 |
Fair value adjustment in financial instruments at FVPL | 1,179,547 | 2,570,418 | (12,461) |
Fair value adjustment in derivatives | 90,821 | 104,979 | (5,758) |
Remeasurement of previously held interest in subsidiary acquired | 0 | (15,848) | (2,992) |
Adjustments for working capital [abstract] | |||
Accounts receivable from card issuers | 740,190 | (2,993,411) | (2,081,945) |
Receivables from related parties | 12,912 | 1,050 | 8,688 |
Recoverable taxes | 261,867 | (238,127) | (18,624) |
Prepaid expenses | 152,966 | (260,090) | (106,359) |
Trade accounts receivable, banking solutions and other assets | 707,521 | 244,181 | (1,362,356) |
Accounts payable to clients | (3,633,937) | 4,276,349 | 1,379,099 |
Taxes payable | 137,825 | 247,399 | 270,014 |
Labor and social security liabilities | 195,319 | (37,373) | 109,953 |
Provision for contingencies | (9,799) | (10,180) | (2,193) |
Trade accounts payable and other liabilities | 323,619 | 40,768 | 31,790 |
Interest paid | (430,398) | (299,666) | (177,589) |
Interest income received, net of costs | 2,058,650 | 1,578,870 | 1,172,781 |
Income tax paid | (191,142) | (128,202) | (157,729) |
Net cash (used in) / provided by in operating activities | 1,683,685 | 3,606,902 | 56,484 |
Cash flows from (used in) investing activities [abstract] | |||
Purchase of property, plant and equipment | (417,733) | (1,082,990) | (372,138) |
Purchases and development of intangible assets | (305,512) | (215,681) | (82,965) |
Acquisition of subsidiary, net of cash acquired | (69,837) | (4,737,410) | (247,429) |
Sale of subsidiary, net of cash disposed of | (4,325) | (36) | 0 |
Proceeds from (acquisition of) short-term investments, net | (1,222,364) | 5,370,958 | (5,069,142) |
Acquisition of equity securities | (15,000) | (2,480,003) | 0 |
Disposal of short- and long-term investments – equity securities | 183,518 | 209,324 | 0 |
Proceeds from the disposal of non-current assets | 27,008 | 100 | 7,127 |
Acquisition of interest in associates | (46,897) | (41,459) | (44,424) |
Net cash used in investing activities | (1,871,142) | (2,977,197) | (5,808,971) |
Cash flows from (used in) financing activities [abstract] | |||
Proceeds from borrowings | 3,499,986 | 11,700,297 | 3,996,820 |
Payment of borrowings | (5,009,769) | (7,252,226) | (5,381,130) |
Payment to FIDC quota holders | (1,250,000) | (2,767,552) | (2,059,500) |
Proceeds from FIDC quota holders | 0 | 584,191 | 2,716,138 |
Payment of leases | (99,829) | (83,610) | (41,373) |
Capital increase, net of transaction costs | 0 | 0 | 7,832,590 |
Repurchase of own shares | 0 | (988,824) | (76,361) |
Sale of own shares | 53,406 | 0 | 0 |
Acquisition of non-controlling interests | (325) | (1,265) | (1,012) |
Transaction with non-controlling interests | 0 | 230,500 | 0 |
Dividends paid to non-controlling interests | (3,601) | (2,967) | (904) |
Cash proceeds from non-controlling interest | 0 | 893 | 230,898 |
Net cash (used in) provided by financing activities | (2,810,132) | 1,419,437 | 7,216,166 |
Effect of foreign exchange on cash and cash equivalents | 14,548 | (487) | 14,969 |
Change in cash and cash equivalents | (2,983,041) | 2,048,655 | 1,478,648 |
Cash and cash equivalents at beginning of period | 4,495,645 | 2,446,990 | 968,342 |
Cash and cash equivalents at end of period | 1,512,604 | 4,495,645 | 2,446,990 |
Change in cash and cash equivalents | R$ 2983041 | R$ 2048655 | R$ 1478648 |
Consolidated statement of finan
Consolidated statement of financial position - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Current assets [abstract] | ||
Cash and cash equivalents | R$ 1512604 | R$ 4495645 |
Short-term investments | 3,453,772 | 1,993,037 |
Financial assets from banking solution | 3,960,871 | 2,346,474 |
Accounts receivable from card issuers | 20,694,523 | 19,286,590 |
Trade accounts receivable | 484,722 | 886,126 |
Recoverable taxes | 150,956 | 214,837 |
Prepaid expenses | 129,256 | 169,555 |
Derivative financial instruments | 36,400 | 219,324 |
Other assets | 236,099 | 332,864 |
Total current assets | 30,659,203 | 29,944,452 |
Non-current assets [abstract] | ||
Long-term investments | 214,765 | 1,238,476 |
Accounts receivable from card issuers | 54,334 | 0 |
Trade accounts receivable | 37,324 | 59,595 |
Receivables from related parties | 10,053 | 4,720 |
Deferred tax assets | 679,971 | 580,492 |
Prepaid expenses | 101,425 | 214,092 |
Other assets | 105,101 | 141,693 |
Investment in associates | 109,754 | 66,454 |
Property and equipment | 1,641,178 | 1,569,520 |
Intangible assets | 8,632,332 | 8,277,518 |
Total assets | 11,586,237 | 12,152,560 |
Total assets | 42,245,440 | 42,097,012 |
Current liabilities [abstract] | ||
Deposits from banking customers | 4,023,679 | 2,201,861 |
Accounts payable to clients | 16,578,738 | 15,723,331 |
Trade accounts payable | 596,044 | 372,547 |
Loans and financing | 1,847,407 | 2,578,755 |
Obligations to FIDC quota holders | 975,248 | 1,294,806 |
Labor and social security liabilities | 468,599 | 273,347 |
Taxes payable | 329,105 | 176,453 |
Derivative financial instruments | 209,714 | 23,244 |
Other liabilities | 145,605 | 145,501 |
Total current liabilities | 25,174,139 | 22,789,845 |
Non-current liabilities [abstract] | ||
Accounts payable to clients | 35,775 | 3,171 |
Loans and financing | 2,728,470 | 3,556,460 |
Obligations to FIDC quota holders | 0 | 932,368 |
Deferred tax liabilities | 500,247 | 629,911 |
Provision for contingencies | 210,376 | 181,849 |
Labor and social security liabilities | 35,842 | 32,749 |
Other liabilities | 610,567 | 343,439 |
Total non-current liabilities | 4,121,277 | 5,679,947 |
Total liabilities | 29,295,416 | 28,469,792 |
Equity [abstract] | ||
Issued capital | 76 | 76 |
Capital reserve | (13,818,819) | (14,541,132) |
Treasury shares | (69,085) | (1,065,184) |
Other comprehensive income | (432,701) | (35,792) |
Retained earnings (accumulated losses) | (423,203) | 96,214 |
Equity attributable to owners of the parent | 12,893,906 | 13,536,446 |
Non-controlling interests | 56,118 | 90,774 |
Total equity | 12,950,024 | 13,627,220 |
Total equity and liabilities | R$ 42245440 | R$ 42097012 |
Consolidated statement of profi
Consolidated statement of profit or loss - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit or loss [abstract] | |||
Net revenue from transaction activities and other services | R$ 2617407 | R$ 1626853 | R$ 1144086 |
Net revenue from subscription services and equipment rental | 1,760,915 | 1,071,932 | 388,033 |
Finance income | 4,638,022 | 1,877,683 | 1,647,017 |
Other financial income | 572,601 | 247,293 | 140,687 |
Total revenue and income | 9,588,945 | 4,823,761 | 3,319,823 |
Cost of services | (2,669,752) | (1,713,828) | (769,946) |
Administrative expenses | (1,121,357) | (813,341) | (392,476) |
Selling expense | (1,511,241) | (1,012,544) | (505,902) |
Financial expenses, net | (3,514,739) | (1,269,058) | (339,844) |
Mark-to-market on equity securities designated at FVPL | (853,056) | (1,264,213) | 0 |
Other income (expenses), net | (302,501) | (185,894) | (177,056) |
Total expenses | (9,972,646) | (6,258,878) | (2,185,224) |
Loss on investment in associates | (3,589) | (10,437) | (6,937) |
Profit (loss) before income taxes | (387,290) | (1,445,554) | 1,127,662 |
Current income tax and social contribution | (292,172) | (171,621) | (216,886) |
Deferred income tax and social contribution | 153,066 | 239,827 | (73,330) |
Net income (loss) for the year | (526,396) | (1,377,348) | 837,446 |
Profit (loss), attributable to [abstract] | |||
Owners of the parent | (519,417) | (1,358,813) | 854,071 |
Non-controlling interests | R$ 6979 | R$ 18535 | R$ 16625 |
Earnings per share [abstract] | |||
Basic earnings (loss) per share for the year attributable to owners of the parent (in Brazilian Reais) | R$ 1.67 | R$ 4.40 | R$ 2.95 |
Diluted earnings (loss) per share for the year attributable to owners of the parent (in Brazilian Reais) | R$ 1.67 | R$ 4.40 | R$ 2.91 |
Consolidated statement of other
Consolidated statement of other comprehensive income - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Comprehensive income | |||
Net income (loss) for the year | R$ 526396 | R$ 1377348 | R$ 837446 |
Changes in the fair value of accounts receivable from card issuers at fair value through other comprehensive income | (167,100) | (200,084) | 28,726 |
Exchange differences on translation of foreign operations | (30,544) | 4,651 | (410) |
Changes in the fair value of cash flow hedge - bonds hedge | (207,222) | (54,144) | 0 |
Unrealized loss on cash flow hedge - highly probable future imports | 0 | 1,512 | (1,512) |
Net monetary position in hyperinflationary economies | 5,384 | 2,481 | 0 |
Change in fair value in OCI | (6,971) | 216,466 | 40,336 |
Other comprehensive income, net of tax, exchange differences on translation of foreign operations | 5,383 | 0 | 0 |
Other comprehensive income (loss) for the year | (401,071) | (29,118) | 67,140 |
Total comprehensive income (loss) for the year, net of tax | (927,467) | (1,406,466) | 904,586 |
Owners of the parent | (916,327) | (1,389,603) | 921,404 |
Non-controlling interests | R$ 11140 | R$ 16863 | R$ 16818 |
Operations
Operations | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of joint operations [abstract] | |
Operations | Operations StoneCo Ltd. (the “Company”), is a Cayman Islands exempted company with limited liability, incorporated on March 11, 2014. The registered office of the Company is located at 4th Floor, Harbour Place 103 South Church Street. On November 29, 2022, the Company announced that the Brazilian Central Bank (“BACEN”) has approved the technical requirement of change of control submitted by the Company amid a corporate restructuring involving the conversion of Eduardo Pontes interests in Company´s Class B super-voting shares from HR Holdings, LLC (which were held indirectly through holding companies) into Class A shares directly owned by his family vehicles ("Corporate Restructuring”). As a result of the Corporate Restructuring, there were a decrease in the concentration of votes held by the Company’s founding shareholders and HR Holdings, LLC became the owner of 31.1% of the Company’s voting power, whose ultimate parent is an investment fund, the VCK Investment Fund Limited SAC A, owned by the co-founder of the Company, Andre Street. The individual Company’s shares are publicly traded on Nasdaq (STNE) and depositary receipts (BDRs) representing the Company´s shares are traded on the São Paulo exchange (B3 under the ticker STOC31). The Company and its subsidiaries (collectively, the “Group”) provide financial services and software solutions to clients across in-store. mobile and online devices helping them to better manage their businesses, become more productive and sell more - both online and offline. The consolidated financial statements were approved by the Audit Committee on meeting held on March 10, 2023. 1.1. 2020 Follow-on On August 12, 2020, the Company filed a follow-on prospectus offering 31,481,250 of its Class A common shares, of a par value of US$0.000079365 per share, including the full exercise of the underwriters’ option to purchase 4,106,250 additional shares (“Offering”). The Offering price was US$ 47.50 per Class A common share, resulting in gross proceeds of US$ 1,495,359. The Company received net proceeds of US$ 1,464,702 (or R$ 7,872,554), after deducting US$ 30,657 in underwriting discounts and commissions. Additionally, the Company incurred in US$ 7,278 and (or R$ 39,964) regarding other offering expenses. The shares offered and sold in the Offering were registered under the Securities Act of 1933, as amended, pursuant to the Company’s Registration Statement on Form F-3 (Registration No. 333-244404), which was declared effective by the Securities and Exchange Commission on August 17, 2020. The Company used the net proceeds from the Offering to finance the acquisition of Linx S.A. (Note 1.2), and to pay related fees and expenses, as well as for general corporate purposes. 1.2. Linx acquisition On November 17, 2020, Linx S.A. (“Linx”) held an Extraordinary General Meeting that approved the business combination between STNE Participações S.A. (“STNE Par”), that holds the software investments business of the Group, and Linx, a leading provider of retail management software in Brazil. The transaction was unanimously approved by the Brazilian Antitrust Authority (“CADE”) on June 16, 2021, with no restrictions, and was completed on July 1, 2021. Pursuant to the terms and subject to the conditions set forth in the Association Agreement and its amendments, each Linx share issued and outstanding immediately prior to the consummation of the transaction was automatically contributed to the Group in exchange for one newly issued redeemable STNE Par Class A Preferred Share and one newly issued redeemable STNE Par Class B Preferred Share. Immediately thereafter, each STNE Par Class A Preferred Share was redeemed for a cash payment of R$33.5229 updated proportionally according to the CDI rate variation from February 11, 2021 until the date of the effective payment, and each STNE Par Class B Preferred Share was redeemed for 0.0126730 BDR (Brazilian Depositary Receipt) Level1 (“StoneCo BDR”), admitted to trading on B3, and credited to the shareholders’ account on July 1, 2021, provided that each 1 (one) StoneCo BDR corresponded to 1 (one) StoneCo Class A Share (the “Base Exchange Ratio”). The Base Exchange Ratio was calculated on a fully diluted basis, assuming a number of fully diluted shares of Linx of 178,361,138 on the transaction consummation date and represented a total consideration of R$ 37.78 for each Linx share. The redemption mentioned above was adjusted by Linx’s intermediary dividend payment, approved on June 16, 2021, based on the accumulated profits of fiscal years prior to 2020, as evidenced in its balance sheet as of December 31, 2020, for R$ 100,000 (one hundred million reais), corresponding to R$ 0.5636918 per share. On the date of the dividend approval, the Group already had Linx’s shares classified as Short-term investments, so it received an amount of R$ 20,129 as dividends, recognized in Other income (expenses), net. For further information, see Note 21.4. 1.3. Recasted financial statements The purchase price allocation was concluded for SimplesVet and VHSYS acquisitions on March 31, 2022, for the Linx acquisition on June 30, 2022 and for Collact and Trampolin acquisitons on September 30, 2022 (see details in Note 21.4). Therefore, retrospective adjustments were made in the Statement of financial position as of December 31, 2021 in accordance with IFRS 3. There were no impacts in the Statement of profit or loss for the comparative year ended December 31, 2021. The revised lines in the Statement of financial position are as follows: December 31, 2021 Adjustments December 31, 2021 Assets Current assets Recoverable taxes (a) 230,558 (15,721) 214,837 Total current assets 29,960,173 (15,721) 29,944,452 Non-current assets Deferred tax assets (b) 431,755 148,737 580,492 Intangible assets (c) 8,370,313 (92,795) 8,277,518 Total non-current assets 12,096,618 55,942 12,152,560 Total assets 42,056,791 40,221 42,097,012 Liabilities and equity Non-current liabilities Deferred tax liabilities (b) 617,445 12,466 629,911 Other liabilities (d) 348,458 (5,019) 343,439 Total non-current liabilities 5,672,500 7,447 5,679,947 Total liabilities 28,462,345 7,447 28,469,792 Equity Capital reserve (e) 14,516,767 24,365 14,541,132 Equity attributable to owners of the parent 13,512,081 24,365 13,536,446 Non-controlling interests (f) 82,365 8,409 90,774 Total equity 13,594,446 32,774 13,627,220 Total liabilities and equity 42,056,791 40,221 42,097,012 (a) The recoverability of tax credits previously recognized by Linx was reviewed. (b) The Group identified deferred tax liabilities in relation to the tax amortization of goodwill previously recognized by Linx on past business combinations. These amounts were derecognized on the consolidated financial statements due to the acquisition of Linx. A deferred tax asset related to the tax benefit over the remaining fiscal amortization of goodwill was recognized. Additionally, the deferred tax liabilities over identified intangible assets were reviewed. (c) The adjustments refer mainly to goodwill impacted by items (a) and (b) described above and a fair value of non-compete agreement signed with the Linx founders. Minor impacts refer to reviewed assessment of customer relationships, software, and trademarks and patents identified in the business combinations of SimplesVet, VHSYS, Trampolin, Collact and Linx. (d) The adjustments refer mainly to reviewed contingent consideration of SimplesVet and Trampolin. (e) The adjustments refer to the contingent consideration in the form of equity instruments originated from the non-compete agreement signed with the Linx founders. (f) The adjustments refer to the fair value of non-controlling interests in SimplesVet and VHSYS over the adjustments described in the item (c) above. |
Significant accounting policies
Significant accounting policies | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Significant accounting policies | General accounting policies The accounting policies are presented in each of the notes along the financial statements. General accounting policies, not related to subjects treated in specific notes, are presented as follows. 2.1. Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared on a historical cost basis, except for some Short and Long-term investments, Accounts receivable from card issuers, certain loans presented under Trade accounts receivable, Derivative financial instruments, Other liabilities related to contingent consideration and, upon initial recognition, Provision for contingencies of entities acquired on business combinations. The consolidated financial statements are presented in Brazilian reais (“R$”), and all values are rounded to the nearest thousand (R$ 000), except when otherwise indicated. 2.2. Foreign currency translation 2.2.1. Financial statements in foreign currencies The Group’s consolidated financial statements are presented in Brazilian reais (“R$”), which is the Company’s functional currency. For each entity, the Group determines its functional currency. Items included in the financial statements of each entity are measured using that functional currency. The functional currency for the Company’s subsidiaries is also the Brazilian real, except for the Napse Group. The functional currencies of the different entities of the Napse Group are the U.S. dollar, Argentinian peso, Chilean peso, Mexican peso, Nuevo Sol and Uruguayan peso. The financial statements of entities with a functional currency different than the Brazilian real, have their financial statements translated into Brazilian reais using (i) the exchange rates at the reporting date for assets and liabilities, (ii) average monthly exchange rates for profit or loss, and (iii) the exchange rate at the transaction date for equity transactions. Exchange gains and losses arising from translating are recorded in OCI. 2.2.2. Transactions in foreign currencies Transactions in foreign currencies are initially recorded by the Group’s entities in their functional currency at the spot rate at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated into each functional currency using the exchange rates prevailing at the reporting date. Exchange gains and losses arising from the settlement of transactions and from the translation of monetary assets and liabilities denominated in foreign currency are recognized in the statement of profit or loss. These mostly arise from transactions carried out by clients with credit and debit cards issued by foreign card issuers and from the translation of the Group’s financial instruments denominated in foreign currencies. 2.3. Leases The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date. In the event that fulfillment of the arrangement is dependent on the use of specific assets or the arrangement transfers a right to use the asset, such arrangements are defined as leases. 2.3.1. Group as lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets for which the Group opts for recognition exemption. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. 2.3.1.1. Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. The estimated useful lives for the right-of-use assets are as follows: Estimated useful lives (years) Offices 1-10 Vehicles 1-3 Equipment 1-10 Software 1-3 If ownership of the leased asset is transferred to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. 2.3.1.2. Lease liabilities At the commencement date of the lease, the Group recognizes under “Loans and financing” lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate. The variable lease payments are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. 2.3.1.3. Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of offices, software, vehicles and other equipment (contracts that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the low-value assets recognition exemption to leases of office equipment that are considered of low value (below US$5,000). Lease payments of short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term. 2.3.2. Group as lessor Leases in which the Group does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. The Group has cancellable month-to-month lease contracts of Pin Pads & POS to third parties (clients). The leased assets are included in “Property and equipment” in the consolidated statement of financial position and are depreciated over their expected useful lives on a straight-line basis. Income from operating leases (net of any incentives given to the lessee) is recognized on a straight-line basis over the lease term in “Net revenue from subscription services and equipment rental” in the consolidated statement of profit or loss. 2.4. Prepaid expenses Prepaid expenses are recognized as an asset in the statement of financial position. These expenditures include, but are not limited to, prepaid software licenses, certain consulting services, insurance premiums and prepaid marketing expenses. The amount recognized as asset in the statement of financial position is charged to the statement of profit or loss once the prepaid services are consumed by the Group. As of December 31, 2022, the balance is mainly represented by prepaid media to the Globo group of R$163,065 (R$294,953 as of December 31, 2021). Under the terms of the agreement the amount is available to place media until 2025. 2.5. Current and non-current classification The Group presents assets and liabilities in the statement of financial position based on a current / non-current classification. An asset is current when it is: • expected to be realized or intended to be sold or consumed in the normal operating cycle; • held primarily for the purpose of trading; • expected to be realized within twelve months after the reporting period; or • cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as non-current. A liability is current when it is: • expected to be settled in the normal operating cycle; • held primarily for the purpose of trading; • due to be settled within twelve months after the reporting period; or • there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities. 2.6. IAS 29 Financial Reporting in Hyperinflationary Economies Considering that the inflation accumulated in the past three years in Argentina was higher than 100%, the adoption of the IAS 29 Financial Reporting in Hyperinflationary Economies is mandatory for the subsidiary Napse S.R.L., located in Argentina. Pursuant to IAS 29, non-monetary assets and liabilities, shareholders’ equity and amounts in the statement of profit or loss of entities that operate in hyperinflationary economies are adjusted by the change in the general purchasing power of the currency, applying a general price index. The financial statements of an entity whose functional currency is the currency of a hyperinflationary economy, whether they are based on the historical or current cost approach, should be expressed in terms of the current measurement unit at the balance sheet date. 2.7. New standards and amendments to standards and interpretations adopted The following amendments and interpretations were applied for the first time in 2022: • Onerous contracts – costs of fulfilling a contract – amendments to IAS 37: The amendments apply a “directly related cost approach”. The costs that relate directly to a contract to provide goods or services include both incremental costs and an allocation of costs directly related to contract activities. • IFRS 9 – Financial instruments – fees in the ‘10 per cent’ test for derecognition of financial liabilities: The amendment clarifies the fees that an entity includes when assessing ‘10 per cent’ test and whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. • Reference to the conceptual framework – amendments to IFRS 3: The amendments are intended to replace a reference to the Framework for the Preparation and Presentation of Financial Statements, issued in 1989, with a reference to the Conceptual Framework for Financial Reporting issued in March 2018. • Proceeds before intended use – amendments to IAS 16: The amendment prohibits entities from deducting from the cost of an item of property, plant and equipment, any proceeds of the sale of items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the costs of producing those items, in profit or loss. • IAS 41 - Taxation in fair value measurements: The amendment removes the requirement in paragraph 22 of IAS 41 that entities exclude cash flows for taxation when measuring the fair value of assets within the scope of IAS 41. • First-time adoption of international financial reporting standards: The amendment to IFRS 1 simplifies the application of IFRS 1 by a subsidiary that becomes a first-time adopter after its parent in relation to the measurement of cumulative translation differences. These amendments mentioned above had no relevant impact on the consolidated financial statements of the Group. 2.8. New standards and amendments to standards and interpretations not yet adopted The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Group’s financial statements are presented below. The Group intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. 2.8.1. Amendments to IAS 1: classification of liabilities as current or non-current In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: • What is meant by a right to defer settlement; • That a right to defer must exist at the end of the reporting period; • That classification is unaffected by the likelihood that an entity will exercise its deferral right; • That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and must be applied retrospectively. The Group reviewed the amendment and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.2. Amendment to IAS 12 – deferred tax related to assets and liabilities arising from a single transaction These amendments require companies to recognize deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deductible temporary differences. In May 2021, the Board issued amendments to IAS 12, which narrow the scope of the initial recognition exception under IAS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group will apply the amendments for applicable transactions, on or after the beginning of the annual reporting period in which the entity first applies the amendment. The Group does not expect to have any impact on its consolidated financial statements by applying these amendments. 2.8.3. IFRS 17 – insurance contracts This standard replaces IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts. IFRS 17 will fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group is assessing the impact that the amendments will have on current practice and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.4. Narrow scope amendments to IAS 1, practice statement 2 and IAS 8 In February 2021, the Board issued amendments to IAS 1, IFRS Practice Statement 2 Making Materiality Judgements (the PS) and to IAS 8. The amendments aim to improve accounting policy disclosures and to help users of the financial statements to distinguish between changes in accounting estimates and changes in accounting policies. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group had assessed the amendment and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.5. Lease Liability in a Sale and Leaseback Amendments to IFRS 16 In September 2022, the Board issued the amendment to IFRS 16. The amendment clarifies the subsequent measurement of lease liability related to a sale and leaseback transaction, principally for those lease contracts that payments are variable and do not depend on an index or rate. The amendments are effective for annual reporting periods beginning on or after January 1, 2024. The Group does not expect to have any impact on the Group’s consolidated financial statements on this apply. |
Significant judgments, estimate
Significant judgments, estimates and assumptions | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of accounting judgments and estimates [Abstract] | |
Significant judgments, estimates and assumptions | Significant judgments, estimates and assumptions The preparation of the financial statements of the Company and its subsidiaries requires management to make judgments and estimates and to adopt assumptions that affect the amounts presented referring to revenues, expenses, assets and liabilities at the financial statement date. Actual results may differ from these estimates. The judgements, estimates and assumptions are frequently revised, and any effects are recognized in the revision period and in any future affected periods. The objective of these revisions is to mitigate the risk of material differences between estimated and actual results in the future. Significant assumptions about sources of uncertainty in future estimates and other significant sources at the reporting date are described as follows. Significant assumptions about sources of uncertainty in future estimates and other significant sources at the reporting date are presented in each of the notes along the financial statements. General assumptions about sources of uncertainty in future estimates and other significant sources at the reporting date, not related to subjects treated in specific notes, are presented as follows. 3.1. Incremental borrowing rate estimate on leases The Group cannot readily determine the interest rate implicit in the lease, therefore, it uses its incremental borrowing rate (“IBR”) to measure lease liabilities. The IBR is the rate of interest that the Group would have to pay to obtain a borrowing over a similar term, and with a similar security, for acquire an asset of a similar value to the right-of-use asset in a similar economic environment. The IBR therefore reflects what the Group ‘would have to pay’, which requires estimation when no observable rates are available (such as for subsidiaries that do not enter into financing transactions) or when they need to be adjusted to reflect the terms and conditions of the lease (for example, when leases are not in the subsidiary’s functional currency). The Group estimates the IBR using observable inputs (such as market interest rates) when available and is required to make certain entity-specific estimates (such as the subsidiary’s stand-alone credit rating). |
Group information
Group information | 12 Months Ended |
Dec. 31, 2022 | |
Investments accounted for using equity method [abstract] | |
Summary of financial statements of subsidiaries and structured entities | Group information 4.1. Subsidiaries 4.1.1. Accounting policy 4.1.1.1. Basis of consolidation The consolidated financial statements comprise the financial statements of the Company and its subsidiaries. Control is achieved when the Group: • has power over the investee (i.e., existing rights that give it the current ability to direct the relevant activities of the investee); • is exposed, or has rights, to variable returns from its involvement with the investee; and • has the ability to use its power to affect its returns. Generally, there is a presumption that a majority of voting rights results in control. To support this presumption and when the Group has less than a majority of the voting or similar rights of an investee, the Group considers all relevant facts and circumstances in assessing whether it has power over an investee, including: • the contractual arrangement(s) with the other vote holders of the investee; • rights arising from other contractual arrangements; and • the Group’s voting rights and potential voting rights. The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group obtains control until the date the Group ceases to control the subsidiary. Profit or loss and each component of other comprehensive income (“OCI”) are attributed to the equity holders of the parent of the Group and to the non-controlling interests, even if this results in the non-controlling interests having a deficit balance. When necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with the Group’s accounting policies. All intra-group assets and liabilities, equity, income, expenses and cash flows relating to transactions between members of the Group are eliminated in full on consolidation. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction, in the reserve for “Transactions among shareholders”. 4.1.1.2. Consolidation of structured entities Usually, the control of an investee is determined by voting or similar rights of the investor. In some cases, voting or similar rights of the investor on the investee is not the decisive factor to characterize the control. An entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity is denominated as a structured entity. Frequently, the relevant activities of structured entities are directed by means of contractual arrangements. In such cases, an investor’s consideration of the purpose and design of the investee shall also include consideration of the risks to which the investee was designed to be exposed, the risks it was designed to pass on to the parties involved with the investee and whether the investor is exposed to some or all of those risks. Based on the contractual terms, the Group identified that some investments meet the definition of a structured entity under IFRS 12 – Disclosure of Interests in Other Entities. The Group considers the FIDC AR III, FIDC TAPSO, FIDC TAPSO II, FIDC SOMA, FIDC SOMA III, FIC FIM STONECO and Fundo Retail to be structured entities that are controlled by the Group. The participation of the Group in each of them is stated as follows: Outstanding quotas held by the Group Fundo de Investimento em Direitos Creditórios - Bancos Emissores de Cartão de Crédito - Stone III ("FIDC AR III") 100% of subordinated quotas representing approximately 21% of total (subordinated and senior and/or mezzanine) quotas Tapso Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO") 100% of subordinated quotas representing approximately 99% of total (subordinated and senior and/or mezzanine) quotas Tapso II Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO II") 100% of subordinated quotas representing total quotas SOMA Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA") 100% of subordinated quotas representing total quotas SOMA III Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA III") 100% of subordinated quotas representing total quotas Stoneco exclusivo Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado ("FIC FIM STONECO") 100% of all outstanding quotas of a single class Retail Renda Fixa Crédito Privado Fundo de Investimento ("Fundo Retail") 100% of all outstanding quotas of a single class The bylaws of these structured entities were established by us at their inception, and grant us significant decision-making authority over these entities. As sole holders of the subordinated quotas, the Group is entitled to the full residual value of the entities, if any, and thus the Group has the rights to their variable returns. During 2021, the structured entities FIDC SOMA IV and Santander Moving Tech RF Referenciado DI CP FI were closed. In accordance with IFRS 10, the Group concluded it controls FIDC AR III, FIDC TAPSO, FIDC TAPSO II, FIDC SOMA, FIDC SOMA III, FIC FIM STONECO and Retail Renda Fixa, therefore, they are consolidated in the Group’s financial statements. For the FIDCs senior and mezzanine quotas held by third parties, when applicable, are accounted for as a financial liability under “Obligations to FIDC quota holders” and the remuneration paid to senior and mezzanine quota holders is recorded as interest expense. See Note 6.7 for further details. 4.1.2. Subsidiaries of the Group The consolidated financial statements of the Group include the following subsidiaries and structured entities: % of Group's equity interest Entity name Principal activities December 31, 2022 December 31, 2021 Stone Instituição de Pagamento S.A. (“Stone Pagamentos”) Merchant acquiring 100.00 100.00 MNLT S.A. (“MNLT”) Merchant acquiring 100.00 100.00 Pagar.me Instituição de Pagamento S.A. (“Pagar.me”) Merchant acquiring 100.00 100.00 PDCA S.A. (“PDCA”) (a) Merchant acquiring — 100.00 Stone Cartões Instituição de Pagamento S.A. (“Stone Cartões”) Merchant acquiring 100.00 100.00 Linx Pay Meios de Pagamento Ltda. (“Linx Pay”) Merchant acquiring 100.00 100.00 Stone Sociedade de Crédito Direto S.A. (“Stone SCD”) Financial services 100.00 100.00 TAG Tecnologia para o Sistema Financeiro S.A. ("TAG") Financial assets register 100.00 100.00 MAV Participações S.A. (“MVarandas”) (b) Technology services — 100.00 MLabs Software S.A. (“MLabs”) Technology services 51.50 51.50 Equals S.A. (“Equals”) Technology services 100.00 100.00 Questor Sistemas S.A. (“Questor”) Technology services 50.00 50.00 % of Group's equity interest Entity name Principal activities December 31, 2022 December 31, 2021 Sponte Informática S.A. (“Sponte”) (c) Technology services 100.00 90.00 SimplesVet Tecnologia S.A. (“SimplesVet”) (Note 21.4) Technology services 50.00 50.00 VHSYS Sistema de Gestão S.A. (“VHSYS”) (Note 21.4) Technology services 50.00 50.00 Trampolin Pagamentos S.A. (“Trampolin”) (Note 21.4) Technology services 100.00 100.00 Linx S.A. (“Linx”) (Note 21.4) Technology services 100.00 100.00 Linx Sistemas e Consultoria Ltda. (“Linx Sistemas”) (d) Technology services 100.00 100.00 Linx Telecomunicações Ltda. Technology services 100.00 100.00 Napse S.R.L. (“Napse Group”) Technology services 100.00 100.00 Napse Uruguay SAS (“Napse Group”) Technology services 100.00 — Sociedad Ingenería de Sistemas Napse I.T. de Chile Limitada (“Napse Group”) Technology services 100.00 100.00 Napse IT Peru S.R.L. (“Napse Group”) Technology services 100.00 100.00 Synthesis Holding LLC (“Napse Group”) Technology services 100.00 100.00 Synthesis US LLC (“Napse Group”) Technology services 100.00 100.00 Retail Americas Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) Technology services 100.00 100.00 Synthesis IT de México Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) Technology services 100.00 100.00 Mercadapp Soluções em Software Ltda ("Mercadapp") (e) Technology services — 100.00 Hiper Software S.A. ("Hiper") Technology services 100.00 100.00 Reclame Aqui LLC (“Reclame Aqui Group”) (Note 21.3) Technology services 50.00 — Obvio Brasil Software e Serviços S.A. (“Reclame Aqui Group”) (Note 21.3) Technology services 50.00 — O Mediador Tecnologia da Informação S/S Ltda (“Reclame Aqui Group”) (Note 21.3) Technology services 50.00 — Reclame Aqui Marcas e Serviços Ltda (“Reclame Aqui Group”) (Note 21.3) Technology services 50.00 — Hubcount Tecnologia S.A. (“Hubcount”) (f) (Note 21.3) Technology services 75.60 — Creditinfo Jamaica Ltd ("Creditinfo Caribbean") (g) Credit bureau services — 53.05 Creditinfo Guyana Ltd ("Creditinfo Caribbean") (g) Credit bureau services — 53.05 Creditinfo Barbados Ltd ("Creditinfo Caribbean") (g) Credit bureau services — 53.05 Buy4 Processamento de Pagamentos S.A. (“Buy4”) Processing card transactions 100.00 100.00 Buy4 Sub LLC ("Buy4 LLC") Cloud store card transactions 100.00 100.00 Vitta Corretora de Seguros Ltda. (“Vitta Group”) Insurance services 100.00 100.00 Stone Seguros S.A. (“Stone Seguros”) Insurance services 100.00 100.00 Vitta Tecnologia em Saúde S.A. (“Vitta Group”) Health services 100.00 100.00 Vitta Serviços em Saúde Ltda. (“Vitta Group”) Health services 100.00 100.00 Vitta Saúde Administradora de Benefícios Ltda. (“Vitta Group”) Health services 100.00 100.00 StoneCo Pagamentos UK Ltd. ("StoneCo UK") Service provider 100.00 100.00 Stone Logística Ltda. ("Stone Log") Logistic services 100.00 100.00 Collact Serviços Digitais S.A. (“Collact”) (h) Customer relationship management — 100.00 Stone Franchising Ltda. ("Franchising") Franchising management 100.00 100.00 Cappta S.A. (“Cappta”) Electronic fund transfer 59.60 58.48 Ametista Serviços Digitais Ltda. Electronic fund transfer 100.00 100.00 % of Group's equity interest Entity name Principal activities December 31, 2022 December 31, 2021 Esmeralda Serviços Digitais Ltda. Electronic fund transfer 100.00 100.00 Diamante Serviços Digitais Ltda. Electronic fund transfer 100.00 100.00 Safira Serviços Digitais Ltda. Electronic fund transfer 100.00 100.00 Fundo de Investimento em Direitos Creditórios - Bancos Emissores de Cartão de Crédito - Stone III (“FIDC AR III”) Investment fund 100.00 100.00 Tapso Fundo de Investimento em Direitos Creditórios (“FIDC TAPSO”) Investment fund 100.00 100.00 Tapso II Fundo de Investimentos em Direitos Creditórios (“FIDC TAPSO II”) Investment fund 100.00 100.00 SOMA Fundo de Investimento em Direitos Creditórios Não Padronizados (“FIDC SOMA”) Investment fund 100.00 100.00 SOMA III Fundo de Investimento em Direitos Creditórios Não Padronizados (“FIDC SOMA III”) Investment fund 100.00 100.00 Stoneco Exclusivo Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado (“FIC FIM STONECO”) Investment fund 100.00 100.00 Retail Renda Fixa Crédito Privado Fundo de Investimento (“Retail Renda Fixa”) Investment fund 100.00 100.00 MPB Capital LLC ("MPB") Investment company 100.00 100.00 DLP Capital LLC ("DLP Cap") Holding company 100.00 100.00 DLPPar Participações S.A. (“DLPPar”) Holding company 100.00 100.00 Reclame Aqui Holding Ltd. (Note 21.3) Holding company 50.00 — STNE Participações S.A. ("STNE Par") Holding company 100.00 100.00 STNE Participações em Tecnologia S.A. ("STNE ParTec") Holding company 100.00 100.00 VittaPar LLC (“Vitta Group”) Holding company 100.00 100.00 StoneCo CI Ltd (g) Holding company — 53.05 Stone Holding Instituições S.A. (i) Holding company 100.00 — (a) PDCA was merged into Pagar.me on October 18, 2022. (b) MVarandas was merged into Linx Sistemas on April 1, 2022. (c) STNE Par acquired the remaining shares of Sponte on September 20, 2022. (d) Plugg.to was merged into Linx Sistemas on November 2, 2022. (e) Mercadapp was merged into Linx Sistemas on January 1, 2022. (f) STNE Par has a 50% equity in Questor and, on August 31, 2022, Questor acquired a 75.60% equity interest in Hubcount Tecnologia S.A. ("Hubcount"). (g) On October 18, 2022, the Group lost control of its subsidiary StoneCo CI and Creditinfo after a capital contribution by a new investor. The remaining interest of 47.75% held by the Group on Creditinfo is classified as an investment in an associate according to IAS 28. As result of the loss of control, in accordance with IFRS 10, the Group derecognized the assets and liabilities of Creditinfo. Additionally, the Group measured the remaining interest in Creditinfo at fair value, which resulted in a loss of R$8,584 recorded in the statement of profit or loss attributable to the Group as Other income (expenses), net. (h) Collact was merged into Stone Pagamentos on January 1, 2022. (i) On October 26, 2022, the Group created a new company, with the objective of holding equity interests in institutions authorized to operate by the Central Bank of Brazil (“BACEN”). The Group holds call options to acquire additional interests in some of its subsidiaries (see details in Notes 6.1.5 and 6.8) and issued put options to non-controlling investors (see details in Note 6.12 (k)). 4.2. Associates 4.2.1. Accounting policy An associate is an entity over which the Group has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee, but does not have control, or joint control over those policies. The considerations made in determining significant influence are similar to those necessary to determine control over subsidiaries. The Group’s investments in associates are accounted for using the equity method. Under the equity method, the investment in an associate is initially recognized at cost. The carrying amount of the investment is adjusted to recognize changes in the Group’s share of net assets of the associate since the acquisition date. Goodwill relating to the associate is included in the carrying amount of the investment and is not tested for impairment separately. The statement of profit or loss reflects the Group’s share of the results of operations of the associate. Any change in OCI of those investees is presented as part of the Group’s OCI. In addition, when there has been a change recognized directly in the equity of the associate, the Group recognizes its share of any changes, when applicable, in the statement of changes in equity. Unrealized gains and losses resulting from transactions between the Group and associates are eliminated to the extent of the interest in the associate. The aggregate of the Group’s share of profit or loss of an associate is shown on the face of the statement of profit or loss outside operating profit and represents profit or loss after tax and non-controlling interests in the subsidiaries of the associate. The financial statements of the associate are prepared for the same reporting period as the Group. When necessary, adjustments are made to bring the accounting policies in line with those of the Group. After application of the equity method, the Group determines whether it is necessary to recognize an impairment loss on its investment in its associate. At each reporting date, the Group determines whether there is objective evidence that the investment in the associate is impaired. If there is such evidence, the Group calculates the amount of impairment as the difference between the recoverable amount of the associate and it carrying value, and then recognizes the loss within share of profit of an associate in the statement of profit or loss. In case of loss of significant influence over the associate, the Group measures and recognizes any retained investment at its fair value. Any difference between the carrying amount of the associate upon loss of significant influence and the fair value of the retained investment and proceeds from disposal is recognized in profit or loss. None of the investments in associates presented significant restrictions on transferring resources in the form of cash dividends or repayment of obligations, during the periods reported. 4.2.2. Associates held by the Group % Groups's equity interest Entity name Principal activities December 31, 2022 December 31, 2021 Alpha-Logo Serviços de Informática S.A. (“Tablet Cloud”) Technology services 25.00 25.00 Trinks Serviços de Internet S.A. (“Trinks”) Technology services 19.90 19.90 Neostore Desenvolvimento De Programas De Computador S.A. (“Neomode”) (a) Technology services 40.02 — RH Software S.A. (“RH Software”) (b) Technology services 20.00 — APP Sistemas S.A. (“APP”) Technology services 20.00 20.00 Delivery Much Tecnologia S.A. (“Delivery Much”) Food delivery marketplace 29.50 29.50 Creditinfo Jamaica Ltd (“Creditinfo Caribbean”) Credit bureau services 47.75 — Creditinfo Guyana Inc (“Creditinfo Caribbean”) Credit bureau services 47.75 — Creditadvice Barbados Ltd (“Creditinfo Caribbean”) Credit bureau services 47.75 — Creditinfo ECCU Ltd (“Creditinfo Caribbean”) Credit bureau services 47.75 — StoneCo CI Ltd Holding company 47.75 — (a) On July 2, 2021, our subsidiary Linx Sistemas signed an agreement to acquire an equity interest of 40% of the shares of Neostore Desenvolvimento de Programas de Computador SA (“Neomode”), through the execution of an Investment Agreement with the shareholders of Neomode. The acquisition was conditioned to Brazilian Antitrust Authority (“CADE”) approval, which occurred on November 19, 2021. The Group concluded the acquisition on January 7, 2022, through a capital increase of R$6,083 and loans conversion of R$875, totalizing a transferred consideration of R$6,958. (b) On May 2, 2022, the Group acquired a 20% equity interest in RH Software, a private company based in the State of São Paulo, Brazil, for R$2,320 through a loan agreement conversion. RH Software develops software directed to dental clinics, with which the Company expects to obtain synergies in its services to clients. The Group also holds a call option to acquire an additional equity interest in the period from 2 to 3 years counted from the date of closing of the agreement, which will allow the Group to acquire an additional 30% equity interest in RH Software. |
Cash and cash equivalents
Cash and cash equivalents | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents [abstract] | |
Cash and cash equivalents | Cash and cash equivalents 5.1. Accounting policy Cash and cash equivalents in the statement of financial position comprise cash at banks and short-term deposits with a maturity of three months or less from the date of acquisition, which are subject to an insignificant risk of changes in value, and readily convertible into cash. 5.2. Currency denomination 2022 2021 Denominated in R$ 1,388,616 4,431,019 Denominated in US$ 123,959 64,593 Denominated in other foreign currencies 29 33 1,512,604 4,495,645 |
Recoverable taxes
Recoverable taxes | 12 Months Ended |
Dec. 31, 2022 | |
Recoverable Taxes [abstract] | |
Recoverable taxes | Recoverable taxes December 31, 2022 December 31, 2021 Withholding income tax on finance income (a) 87,701 85,942 Income tax and social contribution 9,872 65,773 Others withholding income tax 36,212 30,454 Contributions over revenue (b) 3,410 24,076 Other taxes 13,761 8,592 150,956 214,837 (a) Refers to income taxes withheld on financial income which will be offset against future income tax payable. |
Income taxes
Income taxes | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |
Income taxes | Income taxes 8.1. Accounting policy 8.1.1. Current income and social contribution taxes Current tax assets and liabilities are measured at the amount expected to be recovered or paid to the tax authorities. The tax rules used to determine tax assets and liabilities are those that are in force on the balance sheet date in the countries where the Group operates and generates taxable income. StoneCo Ltd. is domiciled in Cayman and there is no income tax in that jurisdiction. The income earned by StoneCo Ltd. from its operations abroad can be subject to income tax at the main rate of 15%. The combined rate applied to all entities in Brazil is 34%, comprising the Corporate Income Tax (“IRPJ”) and the Social Contribution on Net Income (“CSLL”) on the taxable income of each Brazilian legal entity (not on a consolidated basis). The Group's Brazilian entities recognize IRPJ and CSLL on an accrual basis. According to Brazilian tax rules, our companies may offset the historical nominal amount of tax losses determined in prior years against results of subsequent years at any time (i.e., with no limitations with respect to time periods), provided that such offsetting does not exceed 30% of the annual taxable income of the fiscal period in which tax losses are utilized. Payments are made monthly, in anticipation of the amount which will be due by the year-end. 8.1.2. Deferred income and social contribution taxes Deferred tax assets or liabilities are obtained based on the differences between the tax bases of assets and liabilities and the amounts reported in the Consolidated statement of financial position at each period. Deferred tax assets may also be recognized over unused tax losses. Deferred tax assets are recognized only to the extent that it is probable that the Group's Brazilian entities will generate future taxable profits that will allow for their recovery. The expected realization of deferred tax assets is based on technical studies prepared by the Company that demonstrate expectation of future taxable profits according to management projections. The income tax and social contribution expense is recognized in the Consolidated statement of profit or loss under Income tax and social contribution, except when it refers to items recognized in other comprehensive income, in which case the related deferred tax assets or liabilities are also recognized against other comprehensive income. In this case, the Group presents these items in the Consolidated Statement of Other Comprehensive Income net of related tax effect. Management periodically evaluates positions taken in tax returns with respect to situations where applicable tax regulations are subject to interpretation and recognizes provisions, when appropriate. Deferred tax assets and liabilities are presented net in the Consolidated statement of financial position when there is a legally enforceable right and the intention to offset them upon the calculation of current taxes, generally when related to the same legal entity and the same jurisdiction. Accordingly, deferred tax assets and liabilities in different entities or in different countries are generally presented separately, and not on a net basis. 8.2. Significant judgments, estimates and assumptions Deferred tax assets are recognized for all unused tax losses to the extent that sufficient taxable profit will likely be available to allow the use of such losses. A significant judgment from management is required to determine the amount of deferred tax assets that can be recognized, based on the likely timing and level of future taxable profits, together with future tax planning strategies. 8.3. Reconciliation of income tax expense The following is a reconciliation of income tax expense to profit (loss) for the year, calculated by applying the combined Brazilian statutory rates at 34% for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 Profit (loss) before income taxes (387,290) (1,445,554) 1,127,662 Brazilian statutory rate 34 % 34 % 34 % Tax benefit/(expense) at the statutory rate 131,679 491,488 (383,405) Additions (exclusions): Profit (loss) from entities subject to different tax rates 48,594 3,931 98,376 Profit (loss) from entities subject to different tax rates - Mark-to-market on equity securities designated at FVPL (290,039) (429,832) — Other permanent differences (10,609) 4,325 (4,777) Equity pickup on associates (1,220) (3,548) (2,359) Unrecorded deferred taxes (33,465) (40,165) (31,531) Previously unrecognized on deferred income tax (temporary and tax losses) 1,292 22,492 — Unrealized gain on previously held interest on acquisition — 6,161 1,017 Interest payments on net equity 560 5,933 12,276 R&D Tax Benefits 10,275 4,688 13,107 Other tax incentives 3,827 2,733 7,080 Total income tax and social contribution benefit/(expense) (139,106) 68,206 (290,216) Effective tax rate (36 %) 5 % 26 % Current income tax and social contribution (292,172) (171,621) (216,886) Deferred income tax and social contribution 153,066 239,827 (73,330) Total income tax and social contribution benefit/(expense) (139,106) 68,206 (290,216) 8.4. Deferred income taxes by nature December 31, 2021 (Recasted) Recognized against other comprehensive income Recognized against profit or loss Recognized against goodwill December 31, Assets at FVOCI 127,335 88,395 — — 215,730 Losses available for offsetting against future taxable income 317,725 — 67,909 — 385,634 Other temporary differences 107,364 — 166,261 — 273,625 Tax deductible goodwill 111,298 — (42,281) — 69,017 Share-based compensation 41,150 — 17,665 — 58,815 Contingencies arising from business combinations 48,284 — 3,029 — 51,313 Assets at FVPL (4,583) — 3,590 — (993) Technological innovation benefit (18,493) — (13,064) — (31,557) Temporary differences under FIDC (69,556) — (78,368) — (147,924) Intangible assets and property and equipment arising from business combinations (709,943) — 28,325 (12,318) (693,936) Deferred tax, net (49,419) 88,395 153,066 (12,318) 179,724 8.5. Unrecognized deferred taxes The Group has accumulated tax loss carryforwards and other temporary differences in some subsidiaries in the amount of R$ 144,529 (December 31, 2021 – R$ 104,920) for which a deferred tax asset was not recognized and are available indefinitely for offsetting against future taxable profits of the companies in which the losses arose. Deferred tax assets have not been recognized with respect of these losses as they cannot be used to offset taxable profits between subsidiaries of the Group, and there is no other evidence of recoverability in the near future. |
Property and equipment
Property and equipment | 12 Months Ended |
Dec. 31, 2022 | |
Property, plant and equipment [abstract] | |
Property and equipment | Property and equipment 9.1. Accounting policy All property and equipment are stated at historical cost less accumulated depreciation and impairment losses, if any (see note 9.3 for more details). Historical cost includes expenditures that are directly attributable to the acquisition of the items and, if applicable, net of tax credits. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item is material and can be measured reliably. All other repairs and maintenance expenditures are charged to profit or loss during the period in which they are incurred. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Assets’ residual values, useful lives and methods of depreciation are reviewed at each reporting date and adjusted prospectively, if appropriate. Gains and losses on disposals or derecognition are determined by comparing the disposal proceeds (if any) with the carrying amount and are recognized in profit or loss. The Group also derecognizes under ¨Disposal of property and equipment¨ Pin Pads & POS held by customers that are not being used in the last 180 or 360 days, depending on the category of customer. 9.2. Significant judgments, estimates and assumptions Property and equipment and intangible assets include the preparation of estimates to determine the useful life for depreciation and amortization purposes. Useful life determination requires estimates in relation to the expected technological advances and alternative uses of assets. There is a significant element of judgment involved in making technological development assumptions, since the timing and nature of future technological advances are difficult to predict. The Group evaluate the useful life of Property and equipment and Intangible assets and concluded that no change on the estimates of useful life and residual value of this assets was necessary for the year ended December 31, 2022. The estimated useful lives for the Property and equipment are as follows: Estimated useful lives (years) Pin Pads & POS 5 IT equipment 3 – 10 Facilities 3 – 14 Property 34 Furniture and fixtures 3 – 10 Machinery and equipment 5 – 14 Vehicles and airplanes 2 – 10 9.3. Changes in Property and equipment Balance at 12/31/2021 Additions Disposals (a) Effects of hyperinflation (IAS 29) Effects of changes in foreign exchange rates (IAS 21) Business combination Balance at 12/31/2022 Cost Pin Pads & POS 1,498,271 569,895 (119,784) — — — 1,948,382 IT equipment 246,543 19,807 (5,322) — 25 1,352 262,405 Facilities 90,186 5,005 (2,949) (285) (137) — 91,820 Machinery and equipment 25,776 5,445 (11,520) 186 3,610 24 23,521 Furniture and fixtures 24,754 1,123 (1,849) 1 3 118 24,150 Vehicles and airplane 43,586 97 (16,433) 87 (41) — 27,296 Construction in progress 14,078 43,652 (7,410) — — — 50,320 Right-of-use assets - equipment 4,629 194 — — — — 4,823 Right-of-use assets - vehicles 31,547 18,171 (5,924) — — — 43,794 Right-of-use assets - offices 238,329 28,817 (61,314) (211) (171) — 205,450 2,217,699 692,206 (232,505) (222) 3,289 1,494 2,681,961 Depreciation Pin Pads & POS (438,346) (379,442) 77,320 — — — (740,468) IT equipment (95,553) (55,803) 5,968 — (18) — (145,406) Facilities (25,066) (13,497) 726 — 98 — (37,739) Machinery and equipment (17,861) (4,613) 3,792 — 111 — (18,571) Furniture and fixtures (5,516) (2,424) 890 — (4) — (7,054) Vehicles and airplane (2,498) (3,534) 3,593 — 2 — (2,437) Right-of-use assets - equipment (505) (526) — — — — (1,031) Right-of-use assets - Vehicles (14,187) (13,125) 5,649 — — — (21,663) Right-of-use assets - Offices (48,647) (40,449) 22,682 — — — (66,414) (648,179) (513,413) 120,620 — 189 — (1,040,783) Property and equipment, net 1,569,520 178,793 (111,885) (222) 3,478 1,494 1,641,178 (a) Includes Pin Pad & POS derecognized for not being used by customers after a period of time. Balance at 12/31/2020 Additions Disposals Transfers Effects of hyperinflation (IAS 29) Business combination Balance at 12/31/2021 Cost Pin Pads & POS 736,775 851,106 (107,555) — — 17,945 1,498,271 IT equipment 128,244 78,139 (4,229) (2,747) — 47,136 246,543 Facilities 40,524 14,011 (4,282) 2,818 (8) 37,123 90,186 Machinery and equipment 18,242 1,496 (126) 2,683 30 3,451 25,776 Furniture and fixtures 14,629 2,858 (819) 64 8 8,014 24,754 Vehicles and airplane 16,261 30,594 (13,058) — 43 9,746 43,586 Construction in progress 81 20,197 (5,255) (2,818) — 1,873 14,078 Right-of-use assets - equipment — 536 (854) 4,947 4,629 Right-of-use assets - vehicles 20,007 13,670 (2,130) — — — 31,547 Right-of-use assets - offices 126,571 73,506 (35,144) — — 73,396 238,329 1,101,334 1,086,113 (173,452) — 73 203,631 2,217,699 Depreciation Pin Pads & POS (248,704) (204,355) 14,713 — — — (438,346) IT equipment (57,801) (40,092) 2,340 — — — (95,553) Facilities (17,180) (9,306) 1,420 — — — (25,066) Machinery and equipment (14,140) (3,756) 35 — — — (17,861) Furniture and fixtures (3,882) (1,821) 187 — — — (5,516) Vehicles and airplane (1,544) (5,227) 4,273 — — — (2,498) Right-of-use assets - equipment — (505) — — — — (505) Right-of-use assets - Vehicles (6,906) (8,545) 1,264 — — — (14,187) Right-of-use assets - Offices (33,943) (37,023) 22,319 — — — (48,647) (384,100) (310,630) 46,551 — — — (648,179) Property and equipment, net 717,234 775,483 (126,901) — 73 203,631 1,569,520 9.4. Depreciation and amortization charges Depreciation and amortization expense has been charged in the following line items of the consolidated statement of profit or loss: 2022 2021 2020 Cost of services 529,793 299,240 162,202 General and administrative expenses 226,353 161,331 59,593 Selling expenses 43,879 46,798 34,499 Other income (expenses), net 301 — — Depreciation and Amortization charges 800,326 507,369 256,294 Depreciation charge 513,413 310,630 185,335 Amortization charge (Notes 10.3) 286,913 196,739 70,959 Depreciation and Amortization charges 800,326 507,369 256,294 9.5. Impairment test As of December 31, 2022, 2021 and 2020, there were no indicators of impairment of property and equipment. Property and equipment were tested for impairment at the CGU level in connection with intangible assets and investments in associates, as described in Note 10.4. |
Intangible assets
Intangible assets | 12 Months Ended |
Dec. 31, 2022 | |
Intangible Assets [abstract] | |
Intangible assets | Intangible assets 10.1. Accounting policy 10.1.1. Initial recognition Certain direct development costs associated with internally developed software and software enhancements of the Group’s technology platform are capitalized. Capitalized costs, which occur post determination by management of technical feasibility, include external services and internal payroll costs. These costs are recorded as intangible assets along the development phase. Research and pre-feasibility development costs, as well as maintenance and training costs, are charged to profit or loss when incurred. Separately acquired intangible assets are measured at cost on initial recognition. The cost of intangible assets acquired in a business combination corresponds to their fair value at the acquisition date. 10.1.2. Subsequent recognition The useful lives of intangible assets are assessed as finite or indefinite. As of December 31, 2022 the Group holds only trademarks and patents and goodwill as indefinite life intangible assets. Intangible assets with finite useful lives are amortized over their estimated useful lives on a straight-line basis. Intangible assets with indefinite lives are not amortized. In both cases the intangible asset is tested for impairment whenever there is an indication that their carrying amount may not be recovered. For intangible assets with indefinite live, the impairment test is annually mandatory. The carrying amount of an intangible asset is composed by their cost net of accumulated amortization and any impairment losses recognized. The useful life and the method of amortization for intangible assets with finite lives are reviewed at least at the end of each fiscal year or when a change in the use pattern of the asset is identified. Changes in estimated useful lives or expected consumption of future economic benefits embodied in the assets are considered to modify the amortization period or method, as appropriate, and treated as changes in accounting estimates, with prospective effects. The amortization of intangible assets with definite lives is recognized in profit or loss in the expense category consistent with the use of intangible assets. Gains and losses resulting from the disposal or derecognition of intangible assets are measured as the difference between the net disposal proceeds (if any) and their carrying amount and are recognized in profit or loss. 10.1.3. Impairment test The Group performs the impairment test of the assets in the scope of IAS 36 when (i) it observes an indication that an asset may be impaired or (ii) annually, whenever the entity has non-ready-to-use assets or goodwill. Assets of the Group subject to IAS 36 are intangible assets (including goodwill), property and equipment and investments in associates. Assets are tested individually, whenever possible, or allocated to Cash Generating Units (“CGUs”) or groups of CGUs. For the purpose of goodwill impairment testing, goodwill is allocated to the CGU or groups of CGUs, that are expected to benefit from the synergies of the business combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those CGU or groups of CGUs. The impairment test consists in the comparison between (i) the carrying amount of the asset, CGU, or group of CGUs and (ii) its recoverable amount. The recoverable amount of an asset, CGU or groups of CGUs is the higher of (i) their fair value less costs of disposal and (ii) their value in use. If the carrying amount exceeds the recoverable amount an impairment loss is recognized. In determining fair value less costs of disposal, recent market transactions are considered. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Impairment losses of continuing operations are recognized in the statement of profit or loss in expense categories consistent with the function of the impaired asset. Impairment losses can be reversed in future periods, except impairment losses of goodwill. See Note 10.4 for details in the model and key assumptions adopted in the annual goodwill impairment test. 10.2. Significant judgments, estimates and assumptions 10.2.1. Estimated useful lives The useful lives for the intangible assets are presented below: Estimated useful lives (years) Software 3 – 10 Customer relationship 2 – 34.5 Trademarks and patents 7 – 30.90 Non-compete agreement 5 Licenses 1 – 5 The Group reviewed the useful lives of its intangible assets in 2022. In June 2022, the Group verified a change in the consumption pattern of certain Software internally generated, adjusting the useful lives of those assets from 3 years to 4 or 10 years, depending on the technology characteristics. The effect of the mentioned change was treated as a change in an estimate in accordance with IAS 8 – Accounting Policies, Changes in Accounting Estimates and Errors as required by IAS 38 – Intangible Assets and therefore should be applied prospectively. The change resulted in a decrease of R$28,783 in the amortization expense in the consolidated statement of profit or loss for the period ended December 31, 2022. 10.2.2. Value in use calculation in the impairment test The value in use calculation is based on a discounted cash flow (“DCF”) model. The cash flows are derived from the budget for the next five years and do not include restructuring activities that the Group is not yet committed to or significant future investments that will enhance the performance of the assets of the CGU being tested. The recoverable amount is sensitive to the discount rate used for the DCF model as well as the expected future cash-inflows and the growth rate used for extrapolation purposes. These estimates are the most relevant for the impairment test of goodwill recognized by the Group. 10.3. Changes in Intangible assets Balance at 12/31/2021 Additions Disposals Transfers Effects of hyperinflation Effects of changes in foreign exchange rates (IAS 21) Business combination Balance at 12/31/2022 Cost Goodwill - acquisition of subsidiaries 5,591,489 — (22,774) — — (12,111) 90,817 5,647,421 Customer relationship 1,747,444 21,075 (4,015) — — (152) 29,053 1,793,405 Trademarks and patents (a) 262,036 — — — — — 288,964 551,000 Software 1,066,470 207,086 (170,997) 17,117 1,754 (4,480) 45,361 1,162,311 Non-compete agreement 26,024 — — — — — — 26,024 Operating license 12,443 — (6,073) — — (696) — 5,674 Software in progress 43,960 43,115 (3,138) (17,117) — — — 66,820 Right-of-use assets - Software 72,463 16,728 (937) — — — — 88,254 8,822,329 288,004 (207,934) — 1,754 (17,439) 454,195 9,340,909 Amortization Customer relationship (217,090) (73,897) 9,650 — — 3,305 — (278,032) Trademarks and patents (a) (6,908) (3,908) — — — — — (10,816) Software (264,399) (174,358) 100,754 — — 68 — (337,935) Non-compete agreement (1,106) (6,645) — — — — — (7,751) Operating license (10,854) (3,801) 6,073 — — 2,474 — (6,108) Right-of-use assets - Software (44,454) (24,304) 823 — — — — (67,935) (544,811) (286,913) 117,300 — — 5,847 — (708,577) Intangible assets net 8,277,518 1,091 (90,634) — 1,754 (11,592) 454,195 8,632,332 (a) As of December 31, 2022, the amount of R$ 214,728 refers to indefinite useful-life Trademarks and patents. Balance at 12/31/2020 Additions Disposals Transfers Effects of hyperinflation Effects of changes in foreign exchange rates (IAS 21) Business combination Balance at 12/31/2021 Cost Goodwill - acquisition of subsidiaries 654,044 349 (8,630) — — 46 4,945,680 5,591,489 Customer relationship 268,640 2,150 — — — (154) 1,476,808 1,747,444 Trademarks and patents(a) 12,043 1,549 (13) — — — 248,457 262,036 Software 314,713 204,316 (18,660) 25,167 368 (1,435) 542,001 1,066,470 Non-compete agreement 1,659 — — — — — 24,365 26,024 Licenses for use - payment arrangements (11,435) 15,104 — (3,669) — — — — Operating license 5,674 — — — — (352) 7,121 12,443 Exclusivity right 38,827 — — — — — (38,827) — Software in progress 38,816 35,552 (8,910) (21,498) — — 43,960 Right-of-use assets - Software 66,837 5,626 — — — — — 72,463 1,389,818 264,646 (36,213) — 368 (1,895) 7,205,605 8,822,329 Amortization Customer relationship (164,080) (53,114) — — — 104 — (217,090) Trademarks and patents(a) (9,649) 2,741 — — — — — (6,908) Software (153,174) (109,836) 1,212 (2,867) — 266 — (264,399) Non-compete agreement (1,106) — — — — — — (1,106) Licenses for use - payment arrangements (1,924) (943) — 2,867 — — — — Operating license (5,342) (5,790) — — — 278 — (10,854) Exclusivity right (647) 647 — — — — — — Right-of-use assets - Software (14,010) (30,444) — — — — — (44,454) (349,932) (196,739) 1,212 — — 648 — (544,811) Intangible assets, net 1,039,886 67,907 (35,001) — 368 (1,247) 7,205,605 8,277,518 (a) As of December 31, 2021, the amount of R$ 202,140 refers to indefinite useful-life Trademarks and patents. 10.4. Impairment test As of December 31, 2022, and 2021, there were no indicators of impairment of finite-life intangible assets. The Group performs its annual mandatory impairment test by testing the impairment of the CGUs (or groups of CGUs) that contain goodwill and / or indefinite useful-life intangible assets. In 2021, the group had six different CGUs, considering relevant factors such as the Group’s management structure and the acquisition of Linx. During 2022, the Group began to be managed and monitored considering two segments, namely Financial Services and Software. From this scenario, the identification of CGUs was reviewed by the Group considering the synergy of the software companies and if the cash flows of one CGU are largely independent of other CGUs. In face of that, on November 30, 2022, the Group defined five different CGUs, as follows: CGU Description Goodwill allocated Indefinite useful-life intangible assets allocated CGU 1 – Financial services Companies related to financial solutions are included in this CGU. The Group considers these companies as a CGU due to the integrated financial solutions provided by them, as capture, processing, transmission, and financial liquidation of transactions with debit and credit card, among other services. This CGU includes operating companies and their respective holding companies. 444,140 14,497 CGU 2 – Financial assets register(a) This CGU comprises only TAG, whose activity is related to financial assets registration. Due to the specific service provided by this company and its independence of the other Group’s companies, the Group considers TAG as a separate CGU. - - CGU 3 – Software(b) In this CGU are included the technology companies that aim to provide new offers to customers related to the technology platform of the Group. This CGU includes operating companies and their respective holding companies. 5,157,083 214,219 CGU 4 – Pinpag This CGU comprises only Pinpag, provider of financial solutions in electronic means of payment. Due to the independence of the other Group’s companies, the Group considers Pinpag as a separate CGU. 44,535 3,057 CGU 5 – Cappta(a) This CGU comprises only Cappta, whose activity is related to customized financial solutions to customers as installment and financing. Due to the independence of the other Group’s companies, the Group considers Cappta as a separate CGU. - - (a) Despite being separate CGU’s, TAG and Cappta have no goodwill or and / or indefinite useful-life intangible assets. (b) The amount of goodwill reflects the final purchase-price allocation of Reclame Aqui, concluded in December 31,2022. The Group performed its annual impairment test as of November 30, 2022 and as of December 31, 2021 which did not result in the need to recognize impairment losses on the carrying amount of any of the CGUs. As from 2022 we changed the date of the mandatory annual impairment test for goodwill and indefinite useful-life intangible assets from December 31 to November 30 in order to better align the date with the timing of our financial budgeting and forecasting cycle and to allow more time to perform the test from the date of the test to the date of approval of our financial statements. In future years, we may further anticipate the timing of our financial budgeting and forecasting cycle which may impact the timing of the mandatory annual impairment test, however no earlier than September 30. The recoverable amount of the Group’s CGUs as of November 30, 2022 and as of December 31, 2021 has been determined based on a value in use calculation using cash flow projections from financial budgets approved by senior management, covering a period of 5 years in 2022, and from 5 to 10 years in 2021, depending on the characteristics of each CGU. The key assumptions considered in value in use calculation are as follows: • Average free cash flow to equity for the five years forecasted period. • Average annual growth rate over the five years forecast period, based on past performance and management’s expectations of market development and on current industry trends and including long-term inflation forecasts. • Considered a pre-tax discount rate applied to discount future cash flows of between 12.2% and 14.4% (2021 – between 10.5% and 18%), based on long-term interest rate, country risk premium, industry adjusted beta and other variables. • Considered a perpetuity growth rate of 6.0% (2021 – between 4.3% and 6.5%), based on long-term local inflation and real growth. The Group carried out a sensitivity analysis of the impairment test considering four independent scenarios of key assumptions deterioration, as follows: (i) an increase of 100 basis points in the pre-tax discount rate; (ii) a decrease of 50 basis points in the perpetuity rate applied after the last year of projected free cash flow; (iii) a decrease of 1000 basis points in the average annual growth of the free cash flow over the five-year forecasted period; and (iv) a decrease of 10% in the value of the expected synergies between the CGU 1 – Financial services and the CGU 3 – Software. The sensitivity analysis would not result in an impairment loss on the CGUs carrying amounts, except for the CGU 3 – Software in the scenarios described as follows. The recoverable amount of the CGU 3 – Software exceeds it carrying amount by R$481,202. The Group would recognize an impairment loss of R$693,776 on goodwill allocated to this CGU if the pre-tax discount rate increased from 12.2% to 13.2%. A pre-tax discount rate up to 12.5% would not result in an impairment loss. The Group would recognize an impairment loss of R$28,071 on this CGU with a reduction of the perpetuity rate from 6.0% to 5.5%. A perpetuity rate up to 5.53% would not result in an impairment loss. The Group would recognize an impairment loss of R$84,776 on this CGU if the average annual growth of the free cash flow is reduced by 1000 basis points. A decrease up to 850 basis points in the average annual growth of the free cash flow would not result in an impairment loss. |
Taxes payable
Taxes payable | 12 Months Ended |
Dec. 31, 2022 | |
Taxes payable [abstract] | |
Taxes payable | Taxes payable 2022 2021 Income tax (IRPJ and CSLL) (a) 223,764 107,014 Contributions over revenue (PIS and COFINS) (b) 51,065 26,392 Withholding income tax 27,582 22,640 Taxes on services (ISS) (c) 11,702 8,449 Withholding taxes from services taken (d) 6,802 6,362 Other taxes and contributions 8,190 5,596 329,105 176,453 (a) Some revenues in investment funds only pay income tax when redemption occurs. Under this condition, on December 31, 2022 there are R$208,939 (R$95,511 on December 31, 2021) recorded as income tax on the accrual basis. The expense for current income tax is recognized in the statement of profit or loss under "Income tax and social contribution" against tax payable. For some entities in the Group, advances for the payment of income tax expense are recognized during the tax year and are recognized as an asset under Recoverable taxes (Note 7). (b) PIS and COFINS are measured based on the revenues of the Brazilian entities of the Group. This tax expense is recognized as a deduction to gross revenue. (c) ISS is recognized as a deductions to gross revenue against tax liabilities, as the Group acts as agent collecting these taxes on behalf of municipal governments. (d) Amount relative to PIS, COFINS, IRPJ and CSLL, withheld from suppliers and paid by the Group on their behalf. These amounts are recognized as a tax liability, with no impact to the statement of profit or loss. |
Transactions with related parti
Transactions with related parties | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Transactions with related parties | Transactions with related parties Related parties comprise the Group’s parent companies, key management personnel and any businesses which are controlled, directly or indirectly by the controlling investors, officers and directors or over which they exercise significant management influence. Related party transactions are entered in the normal course of business at prices and terms approved by the Group’s management. The following transactions were carried out with related parties: 2022 2021 2020 Sales of services Associates (legal and administrative services) (a) 86 23 11 Entity controlled by management personnel (b) 3 10 — 89 33 11 Purchases of goods and services Entity controlled by management personnel (b) — (1,531) (16,652) Associates (transaction services) (c) (1,800) (1,119) (2,032) Service provider — (440) — (1,800) (3,090) (18,684) (a) Related to services provided to Trinks. (b) Related to consulting and management services with Genova Consultoria e Participações Ltda., Travel services reimbursed to Zurich Consultoria e Participações Ltda and VCK Investment Fund. (c) Related mainly to expenses paid to Trinks Serviços de Internet, RH Software and APP Sistemas for consulting services, marketing expenses and sales commissions and software license to new customers acquisition. Services provided to related parties include legal and administrative services provided under normal trade terms and reimbursement of other expenses incurred in their respect. As of December 31, 2022, some officers and directors were subscribed to the Group’s banking solution. The total amount recognized in Deposits from banking customers is R$ 86 (December 31, 2021 – R$ 36). 12.1. Year-end balances The following balances are outstanding at the end of the reporting period in relation to transactions with related parties: 2022 2021 Loans to management personnel 6,121 4,663 Convertible loans to associate 3,932 57 Receivables from related parties 10,053 4,720 As of December 31, 2022, there is no allowance for expected credit losses on related parties’ receivables. No guarantees were provided or received in relation to any accounts receivable or payable involving related parties. The Group has outstanding loans with certain management personnel. The loans are payable in three years to seven years from the date of issuance and accrue interest according to the National Consumer Price Index, the Brazilian Inter-Bank Rate or Libor plus an additional spread. 12.2. Key management personnel compensation Management includes executive officers and members of board of directors of the Group and compensation consists of fixed compensation, profit sharing and benefits plus any correlating social or labor charges and or provisions for such charges. Compensation expenses are recognized in profit or loss of the Group. For the years ended December 31, 2022 and 2021, compensation expense was as follows: December 31, December 31, Short-term benefits 45,169 13,621 Share-based payments (Note 18.4) 64,038 29,332 109,207 42,953 |
Provision for contingencies
Provision for contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Provisions [abstract] | |
Provision for contingencies | Provision for contingencies 13.1 Accounting policy Some entities of the StoneCo Group are party to labor, civil and tax litigation in progress, which are being addressed at the administrative and judicial levels. Provisions for legal claims (labor, civil and tax) are recognized when (i) there is a present obligation (legal or constructive) as a result of a past event; (ii) it is probable that an outflow of resources will be required to settle such obligation; and (iii) a reliable estimate can be made of the amount of the obligation. If there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured by the best estimate of the expenditure required to settle the present obligation at the end of the reporting period. Provisions are recognized at the present value using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation whenever the effect of the time value of money is material. The increase in the provision due to the passage of time is recognized as Financial expenses, net. Where the Group expects some or all of a provision to be reimbursed, for example, under an insurance contract, the reimbursement is recognized as a separate asset, but only when the reimbursement is virtually certain. The expense relating to a provision is presented in the statement of profit or loss net of any reimbursement, if applicable. 13.2 Significant judgments, estimates and assumptions Provisions for the judicial and administrative proceedings are recorded when the risk of loss is considered probable and the amounts can be reliably measured, based on the best available information. This evaluation is done based on (i) the nature, complexity, and history of the lawsuits, and (ii) the opinion of legal counsel internal and external. Provisions are made when the risk of loss is assessed as probable and the amounts involved can be measured with sufficient accuracy. They are fully or partially reversed when the obligations cease to exist or are reduced. Given the uncertainties arising from the lawsuits, it is not practicable to determine the timing of any cash outflow. 13.3. Probable losses, provided for in the statement of financial position The provisions for probable losses arising from these matters are estimated and periodically adjusted by management, supported by the opinion of its external legal advisors. The amount, nature and the movement of the liabilities is summarized as follows: Civil Labor Tax (a) Total Balance as of December 31, 2020 9,572 578 — 10,150 Additions 12,376 6,090 184 18,650 Reversals (4,773) (8,249) (1,365) (14,387) Interests 1,847 402 4,068 6,317 Payments (9,318) (58) (804) (10,180) Business combination (a) 5,906 17,620 147,773 171,299 Balance as of December 31, 2021 15,610 16,383 149,856 181,849 Additions 29,460 8,759 9,491 47,710 Reversals (13,471) (1,654) (13,736) (28,861) Interests 2,030 1,239 16,208 19,477 Payments (8,305) (267) (1,227) (9,799) Balance as of December 31, 2022 25,324 24,460 160,592 210,376 (a) Under business combination rules, the Group recognized a provision for tax treatments adopted when calculating income tax and social contribution on net income. The provision recorded as of December 31, 2022 regarding tax matters on business acquired from Linx Sistemas represents R$92,206 (R$82,012 on December 31, 2021). 13.4. Possible losses, not provided for in the statement of financial position The Group has the following civil, labor and tax litigation involving risks of loss assessed by management as possible, based on the evaluation of the legal advisors, for which no provision was recognized: December 31, 2022 December 31, 2021 Civil 178,809 130,908 Labor 238,523 62,299 Tax 140,658 30,324 Total 557,990 223,531 The nature of the civil is summarized as follows: • Some entities of the Group are party to several civil lawsuits whose objects are connected with its ordinary operation. The lawsuits are related to (i) a potential underhand use of the payment accounts (possible wire fraud) in the amount of R$74,474 as of December 31, 2022 (R$12,151 as of December 31, 2021), (ii) risk analysis and retention of receivables, of R$29,619 as of December 31, 2022 (R$13,696 as of December 31, 2021), (iii) collection of commercial partners, responsible for part of the capture and indication of commercial establishments, of R$10,461 as of December 31, 2022 (R$9,728 as of December 31, 2021), (iv) clients discussing the existence of disputed transactions through credit card (Chargebacks), of R$5,344 as of December 31, 2022 (R$3,527 as of December 31, 2021) and (v) subacquirers and/or its affiliated establishments discussing possible payment divergence, of R$7,839 as of December 31, 2022 (R$13,972 as of December 31, 2021). The nature of the labor litigations is summarized as follows: • In the Labor Courts, the Group is frequently sued in two cases: (i) labor claims by former employees and (ii) labor claims by former employees of outsourced companies, contracted by Stone. In these respective claims, the nature is mostly related to the placement of the claimant in a different trade union and payment of overtime. The value of these lawsuits is claimed by the former employees at the beginning of the proceeding. When the lawsuit starts, the amounts of possible contingencies usually correspond to the total amount requested by the claimants. Within further developments, this amount is re-evaluated and the risk amount reported may change, especially according to Court decisions. The nature of the tax litigations is summarized as follows: • Action for annulment of tax debits regarding the tax assessment issued by the state tax authorities on the understanding that the Company would have carried out lease of equipment and data center spaces from January 2014 to December 2015, on the grounds that the operations would have the nature of services of telecommunications and therefore would be subject to ICMS tax at the rate of 25% and a fine equivalent to 50% of the update tax amount for failure to issue ancillary tax obligations. As of December 31, 2022, the updated amount recorded as a probable loss is R$ 24,715 (R$ 21,934 as of December 31, 2021), and the amount of R$ 28,130 (R$ 27,376 as of December 31, 2021) is considered as a possible loss (contingency arising from Linx´s acquisition). During the third quarter of 2022, we received a tax assessment issued by the municipal tax Authority relating to the allegedly insufficient payment of tax on services and the total amount of R$ 64,309 classified as possible loss (as of December 31, 2022, the updated amount recorded is R$ 93,605). The case is being challenged at the administrative level of the court. 13.5. Judicial deposits For certain contingencies, the Group has made judicial deposits, which are legal reserves the Group is required to make by the Brazilian courts as security for any damages or settlements the Group may be required to pay as a result of litigation. The amount of the judicial deposits as of December 31, 2022 is R$17,682 (2021 - R$14,887), which are included in Other assets in the non-current assets. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2022 | |
Equity [abstract] | |
Equity | Equity 14.1. Authorized capital The Company has an authorized share capital of USD 50 thousand, corresponding to 630,000,000 authorized shares with a par value of USD 0.000079365 each. Therefore, the Company is authorized to increase capital up to this limit, subject to approval of the Board of Directors. The liability of each member is limited to the amount from time to time unpaid on such member’s shares. 14.2. Subscribed and paid-in capital and capital reserve The Articles of Association provide that at any time when there are Class A common shares being issued, Class B common shares may only be issued pursuant to: (a) a share split, subdivision or similar transaction or as contemplated in the Articles of Association; or (b) a business combination involving the issuance of Class B common shares as full or partial consideration. A business combination, as defined in the Articles of Association, would include, amongst other things, a statutory amalgamation, merger, consolidation, arrangement or other reorganization. The additional paid-in capital refers to the difference between the purchase price that the shareholders pay for the shares and their par value. Under Cayman Law, the amount in this type of account may be applied by the Company to pay distributions or dividends to members, pay up unissued shares to be issued as fully paid, for redemptions and repurchases of own shares, for writing off preliminary expenses, recognized expenses, commissions or for other reasons. All distributions are subject to the Cayman Solvency Test which addresses the Company’s ability to pay debts as they fall due in the natural course of business. Below are the movements in the quantity of shares during 2022 and 2021: Number of shares Class A Class B Total At December 31, 2020 257,479,140 51,782,702 309,261,842 Issuance 3,132,970 — 3,132,970 Conversions 5,741,517 (5,741,517) — Vested awards 136,436 — 136,436 At December 31, 2021 266,490,063 46,041,185 312,531,248 Conversions 27,292,415 (27,292,415) — Vested awards (a) 342,351 — 342,351 At December 31, 2022 294,124,829 18,748,770 312,873,599 (a) The Company delivered 226,691 RSUs, through the issuance of shares. Additionally, 115,660 Class A common shares were issued to our founder shareholders, as anti-dilutive shares. 14.3. Treasury shares Own equity instruments that are reacquired (treasury shares) are recognized at cost and deducted from equity. No gain or loss is recognized in profit or loss on the purchase, sale, issue or cancellation of the Group’s own equity instruments. Any difference between the carrying amount and the consideration, if reissued, is recognized in equity. On May 13, 2019, the Company announced the adoption of its share repurchase program in an aggregate amount of up to US$ 200 million (the “Repurchase Program”). The Repurchase Program went into effect in the second quarter of 2019 and does not have a fixed expiration date. The Repurchase Program may be executed in compliance with Rule 10b-18 under the Exchange Act. As of December 2022, the Company holds 233,772 (December 2021 - 3,599,848) class A common shares in treasury. The reduction in treasury shares mainly refers to: (a) the acquisition of Reclame Aqui, in which the company transferred, in February 2022, 1,977,391 class A common shares, previously held in treasury, to some of the selling shareholders, (b) to the sale of 974,718 class A common shares shortly after being contributed by the Company as capital increase in Reclame Aqui, (c) delivery of vested awards of 281,359 and (d) other movements of 132,608. 14.4. Incentive shares In 2017, certain key employees have been granted incentive shares, or the Co-Investment Shares, that entitle participants to receive at that time a cash bonus which they, at their option, may use to purchase a specified number of shares. Incentive Shares are subject to a 10 year lock-up period, after that the shares are free and clear for transfer. If a participant ceases employment for any reason before the end of the 10 years lock-up period, the Company have the right (but not the obligation) to acquire the shares for the price originally paid by the participant less an applicable discount, and paying in a monthly basis according with the time remaining to end of the Lock-up period, as presented below. Time remaining to the end of the Lock-up year Discount Monthly 7-10 years 25% Up to 120 3-7 years 20% Up to 60 0-3 years 15% Up to 36 The Repurchase Right can be exercised at any time up to two years from the participant’s termination date. Once the lock-up period expires and if the participant terminates employment, the Company has an option to repurchase the shares at the then-current share price. Based on the repurchase discount schedule the largest payout is 85% of the award’s grant date fair value should a participant leave before the 10-year lock-up period expires. The vesting tranches are broken into three years separate tranches, which reflects the terms of the repurchase right and constitutes graded vesting features. The first tranche represents 75% of the grant date fair value, recognized in full on the grant date. That is, if an employee voluntarily terminates employment up to three years from the grant date and the Company exercises its repurchase feature, the participant will receive a cash payment equal to 75% of the grant date fair value. The second tranche represents 5% of the grant date fair value, recognized from grant date to the end of year 3. This represents the additional 5% potential repurchase payment if the employee satisfies 3 to 7 years of the lock-up period. The third tranche represents 5% of the grant date fair value, recognized from grant date to the end of year 7. This represents the additional 5% potential repurchase payment if the employee satisfies at least 7 years of the lock-up period but leaves prior to the expiration of the lock-up period. The incentives shares granted were classified and recognized as equity settled transaction. During 2022 and 2021, there were no repurchases of Class A common shares (During 2020, 7,595 Class A common shares were repurchased as a participant left the Company prior to lock-up expiration). In December 2022, the participants of the plan hold 5,321,769 Incentive Shares. |
Earnings (loss) per share
Earnings (loss) per share | 12 Months Ended |
Dec. 31, 2022 | |
Earnings per share [abstract] | |
Earnings (loss) per share | Earnings (loss) per share Basic earnings (loss) per share is calculated by dividing net income (loss) for the year attributed to the owners of the parent by the weighted average number of ordinary shares outstanding during the year. The numerator of the Earnings per Share (“EPS”) calculation is adjusted to allocate undistributed earnings as if all earnings for the period had been distributed. In determining the numerator of basic EPS, earnings attributable to the Group is allocated as follows: 2022 2021 2020 Net income (loss) attributable to Owners of the Parent (519,417) (1,358,813) 854,071 Numerator of basic and diluted EPS (519,417) (1,358,813) 854,071 As of December 31, 2022, the shares of a non-compete agreement signed with the Linx founders selling shareholders were adjusted to basic and diluted EPS calculation, shares that will be delivered in annual installments until 2026. As of December 31, 2022, the Group used Treasury shares in the acquisition of Reclame Aqui, which were adjusted to basic and diluted EPS calculation since the acquisition date. As of December 31, 2021, the shares issued in connection with the acquisition of non-controlling interest in PDCA were adjusted to basic and diluted EPS calculation since the acquisition date. As of December 31, 2020, the shares issued in connection with the acquisition of Vitta Group and the follow-on offering were adjusted to basic and diluted EPS calculation since the acquisition date. The following table contains the earnings per share of the Group for the years ended December 31, 2022, 2021 and 2020 (in thousands except share and per share amounts): 2022 2021 2020 Numerator of basic EPS (519,417) (1,358,813) 854,071 Weighted average number of outstanding shares 311,880,008 308,905,398 289,289,033 Denominator of basic EPS 311,880,008 308,905,398 289,289,033 Basic earnings (loss) per share - R$ (1.67) (4.40) 2.95 Numerator of diluted EPS (519,417) (1,358,813) 854,071 Share-based payments (a) — — 4,448,505 Weighted average number of outstanding shares 311,880,008 308,905,398 289,289,033 Denominator of diluted EPS 311,880,008 308,905,398 293,737,538 Diluted earnings (loss) per share - R$ (1.67) (4.40) 2.91 (a) Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding, considering potentially convertible instruments. However, due to the loss for the year ended December 31, 2022 and 2021, these instruments issued have a non-diluting effect, therefore, they were not considered in the total number of outstanding shares to determine the diluted loss per share. |
Total revenue and income
Total revenue and income | 12 Months Ended |
Dec. 31, 2022 | |
Revenue [abstract] | |
Total revenue and income | Revenue and income 16.1. Accounting policy 16.1.1. Revenue from contracts with clients Revenue is recognized when the Group has transferred control of the services to the clients, in an amount that reflects the consideration the Group expects to collect in exchange for those services. The Group has generally concluded that it is the principal in its revenue arrangements, because it typically controls the services before transferring them to the client. The Group applies the following five steps: • Identification of the contract with a client; • Identification of the performance obligations in the contract; • Determination of the transaction price; • Allocation of the transaction price to the performance obligations in the contract; • Recognition of revenue when or as the entity satisfies a performance obligation. Revenue is recognized net of taxes collected from clients, which are subsequently remitted to governmental authorities. The revenue from contracts with clients of the Company is presented as follows. 16.1.1.1. Transaction activities and other services The Group’s core performance obligations are to provide electronic payment processing services including the capture, transmission, processing and settlement of transactions carried out using credit, debit and voucher cards, as well as fees for other services. The Group’s promise to its clients is to perform an unknown or unspecified quantity of tasks and the consideration received is contingent upon the clients’ use (i.e., number of payment transactions processed, number of cards on file, etc.); as such, the total transaction price is variable. The Group allocates the variable fees charged to the day in which it has the contractual right to bill its clients, therefore revenue is recognized at a point in time. Revenue from transaction activities is recognized net of interchange fees retained by card issuers and assessment fees paid to payment scheme networks, which are pass-through charges collected on their behalf, as the Group does not bear the significant risks and rewards of the authorization, processing and settlement services provided by the payment scheme networks and card issuers. The Group is an agent in the authorization, processing and settlement of payment transactions as it does not bear the significant risks and rewards of those services as follows: • The Group facilitates the acquisition of payment information and management of the client relationship, it is not primarily responsible for the authorization, processing and settlement services performed by payment schemes networks and card issuers; • The Group has no latitude to establish the assessment and interchange fees, which are set by the payment scheme networks. The Group generally has the right to increase its client discount rate to protect its net commission when interchange and assessment fees are increased by payment schemes networks; • The Group does not collect the interchange fee that is retained by the card issuer and effectively acts as a clearing house in collecting and remitting assessment fees and payment settlements on behalf of payment scheme networks and clients; and • The Group does not bear credit risk of the cardholder (i.e., the client’s customer). It does bear credit risk from the card issuer for the payment settlement and assessment fees. Card issuers are qualified by the payment scheme networks and are generally high credit quality financial institutions. Receivables can be considered to be collateralized by the cardholder’s invoice settlement proceeds. As such, the Group’s exposure to credit risk is generally low. Other services mainly comprises: • Membership fee charged from customers of specific products for which there is not a recurring fee charged for the use of Pin Pads & POS. The revenue is recognized at agreement inception, which is the moment when all risks and benefits of the transaction are transferred to the customer and the Company obtains the contractual rights related to fee; • Fee charged from customers due to services related to banking money-in volumes (transfers received under TED, Pix and “boleto” products and interchange represented by fees of transactions from other networks processed on credit and debit card issued by Stone), and money-out volumes (transfers made under products as Pix Out, wire transfers, bill payments, boletos paid, withdrawals, recharge and others transactions). The revenue is recognized at each transactions date. 16.1.1.2. Subscription services and Equipment rental The Group provides (a) subscription services, such as reconciliation, business automatization solutions, services to provide the client with the right of use of software in a cloud-based infrastructure provided by the Company and its subsidiaries or by a third-party, or even based on the client’s own internal infrastructure, where the client has no right to end the contract and become the owner of the software or use in its IT infrastructure or a third-party’s infrastructure, and revenues related to technological support, help desk, equipment rental, software hosting service, payment for the use of tools and support teams located at the clients besides connectivity services, (b) non-recurring services, that involves implementation services, including personalization, training, software licenses and other services, (c) revenue from royalties of software licenses, and (d) operating leases of electronic capture equipment to clients. The Group’s subscription services generally consist of services sold as part of a new or existing agreement or sold as a separate service. The Group’s subscription services may or may not be considered distinct based on the nature of the services being provided. Subscription service fees are charged as a fixed monthly fee, and the related revenue is recognized over time as control is transferred to the client, either as the subscription services are performed or as the services from a combined performance obligation are transferred to the client (over the term of the related transaction and processing agreement). The Group’s non-recurring revenues are recognized in proportion to the stage of completion of the service, and revenue from royalties are recognized when (a) it is determined when all risks and rewards of the license are transferred upon the availability of the software and (b) the amount may be reliably measured, and it is likely that any expected future economic benefits will be generated on behalf of the Company and its subsidiaries. The Group accounts for equipment rental as a separate performance obligation and recognizes the revenue at its standalone selling price, considering that rental is charged as a fixed monthly fee. Revenue is recognized on a straight-line basis over the contractual lease term, beginning when the client obtains control of the equipment lease. The Group does not manufacture equipment, but purchases equipment from third-party vendors. 16.1.1.3. Contracts with multiple performance obligations The Group’s contracts with its clients can consist of multiple performance obligations and the Group accounts for individual performance obligations separately if they are distinct. When equipment or services are bundled in an agreement with a client, the components are separated using the relative stand-alone selling price of the components which is based on the Group’s customary pricing for each element in separate transactions or expected cost plus a margin. In limited situations, the relative stand-alone selling price for an element that cannot be assessed on one of the previous basis, revenue is first allocated to the element where relative stand-alone selling price has been established and the residual amount would be allocated to the element with no relative stand-alone selling price. 16.1.1.4. Costs to obtain and fulfill a contract The Group incurs in certain costs to obtain and fulfill a contract that are capitalized at the inception of the transaction. The cost comprises mainly commission to sellers in order to obtain a contract and logistic costs to fulfill a contract. The asset recognized is amortized on a straight-line basis over the expected life of merchants. As of December 31, 2022, the Group had a carrying amount of R$199,920 (2021 – R$215,663) recognized under Other assets and R$97,982 (2021 – R$101,008) as amortization recognized in the statement of profit or loss. 16.1.2. Financial income Comprised mainly of: • discount fees charged for the prepayment to clients of their installment receivables from us. The discount is measured by the difference between the original amount payable to the client, net of commissions and fees charged, and the prepaid amount. Revenue is recognized in full at the moment the amount is prepaid to the client; • floating interest rate revenues from banking solutions; • interest income on loans; and • fair value adjustment on loans to customers included in Trade accounts receivable and designated at FVPL until June 30, 2021. 16.1.3. Other financial income Comprises interest income and fair value gains (losses) of cash and cash equivalents and short-term investments. 16.1.4. Deferred revenue As a result of the Linx acquisition, the Group records deferred revenue related to hours contracted by clients for rendering of services. Revenue is recognized after provision of service. In case billed amounts exceed services rendered plus recognized revenue, the difference is stated in the balance sheet as deferred revenue and presented in the statement of financial position as deferred revenue under “Other liabilities”. Also, the Group records deferred revenue related to services paid by the clients but to be executed in the future from the conclusion of the contract with the client. The amount related to services paid by the client but to be executed in the future is recognized in the statement of financial position as deferred revenue under “Other liabilities”. The amount recognized as deferred revenue in the statement of financial position is recycled to the statement of profit or loss along the time in which the promised services are executed. 16.1.5. Sales taxes Revenues, expenses and assets are recognized net of sales tax, except: • When the sales taxes incurred on the purchase of goods or services are not recoverable from tax authorities, in which case the sales taxes are recognized as part of the cost of acquiring the asset or expense item, as applicable; • When the amounts receivable or payable are stated with the amount of sales taxes included. The net amount of sales taxes, recoverable or payable to the tax authority, is included as part of receivables or payables in the statement of financial position, and net of corresponding revenue or cost / expense, in the statement of profit or loss. Sales revenues in Brazil are subject to taxes and contributions, at the following statutory rates: Rate Transaction activities and other services Subscription services and equipment rental Financial income Contribution on gross revenue for social integration program (“PIS”) (a) 1.65% 0.65% - 1.65% 0.65% Contribution on gross revenue for social security financing (“COFINS”) (a) 7.60% 3.00% - 7.60% 4.00% Taxes on service (“ISS”) (b) 2.00% - 5.00% 0 0 Social security levied on gross revenue (“INSS”) (c) 4.50% 0 0 (a) PIS and COFINS are contributions levied by the Brazilian Federal government on gross revenues. These amounts are invoiced to and collected from the Group’s customers and recognized as deductions to gross revenue (Note 16.3) against tax liabilities, as we are acting as tax withholding agents on behalf of the tax authorities. PIS and COFINS paid on certain purchases may be claimed back as tax credits to offset PIS and COFINS payable. These amounts are recognized as Recoverable taxes (Note 7) and are offset on a monthly basis against Taxes payable (Note 11) and presented net, as the amounts are due to the same tax authority. (b) ISS is a tax levied by municipalities on revenues from the provision of services. ISS tax is added to amounts invoiced to the Group’s customers for the services the Group renders. These are recognized as deductions to gross revenue (Note 16.3 ) against tax liabilities, as the Group acts as agent collecting these taxes on behalf of municipal governments. The rates may vary from 2.00% to 5.00%. The ISS stated in the table is applicable to the city of São Paulo and refers to the rate most commonly levied on the Group’s operations. (c) INSS is a social security charge levied on wages paid to employees. The subsidiaries Linx Sistemas, Equals, Hiper, Cappta, Vitta Tecnologia em Saúde S.A. and Questor pay INSS at a rate of 4.50% on gross revenue due to the benefits this regime offers compared with social security tax on payroll. 16.2. Significant judgments, estimates and assumptions 16.2.1 Expected life of merchants The company estimates the expected life of two different classes of merchants in order to recognize equipment rental revenue on a straight-line basis and as a fixed monthly fee, as well as recognize the amortization of the costs of obtaining and fulfilling contracts with these merchants. The estimate is annually revised, and is related to the average time that are expected that the merchants will process transactions with the Group, through the experience observed in the customers' life cycle. 16.3. Timing of revenue recognition 2022 2021 2020 Net revenue from transaction activities and other services 2,617,407 1,626,853 1,144,086 Recognized at a point in time 2,617,407 1,626,853 1,144,086 Net revenue from subscription services and equipment rental 1,760,915 1,071,932 388,033 Financial income 4,638,022 1,877,683 1,647,017 Other financial income 572,601 247,293 140,687 Recognized over time 6,971,538 3,196,908 2,175,737 Total revenue and income 9,588,945 4,823,761 3,319,823 |
Expenses by nature
Expenses by nature | 12 Months Ended |
Dec. 31, 2022 | |
Expenses by nature [abstract] | |
Expenses by nature | Expenses by nature 2022 2021 2020 Personnel expenses (Note 18.3) 2,508,567 1,489,245 833,310 Financial expenses (a) 3,514,739 1,269,058 339,844 Mark-to-market on equity securities designated at FVPL (Note 6.3 (b) ) 853,056 1,264,213 — Transaction and client services costs (b) 1,069,082 810,219 370,819 Depreciation and amortization (Note 9.4) 800,326 507,369 256,294 Marketing expenses and sales commissions (c) 632,137 420,818 149,842 Third parties services 332,081 305,517 119,904 Other 262,658 192,439 115,211 Total expenses 9,972,646 6,258,878 2,185,224 (a) Financial expenses include discounts on the sale of receivables, interest expense on borrowings, interest to fund FIDC quota holders, foreign currency exchange variances, net and the cost of derivatives covering interest and foreign exchange exposure. (b) Transaction and client services costs include card transaction capturing services, card transaction and settlement processing services, logistics costs, payment scheme fees, cloud services and other costs. |
Employee benefits
Employee benefits | 12 Months Ended |
Dec. 31, 2022 | |
Classes of employee benefits expense [abstract] | |
Employee benefits | Employee benefits 18.1. Accounting policy 18.1.1. Short-term obligations Liabilities in connection with short-term employee benefits are measured on a non-discounted basis and are expensed as the related service is provided. The liability is recognized for the expected amount to be paid under the plans of cash bonus or short-term profit sharing if the Group has a legal or constructive obligation of paying this amount due to past service provided by employees and the obligation may be reliably estimated. 18.1.2. Share-based payment The Group has equity settled share-based payment plans, under which the management commits shares to employees and non-employees in exchange for services. The cost of equity-settled transactions with employees is measured using their fair value at the date they are granted. The cost is expensed together with a corresponding increase in equity over the period in which the service and, where applicable, the performance conditions are fulfilled (the vesting period). The cumulative expense recognized for equity-settled transactions at each reporting date until the vesting date reflects the extent to which the vesting period has expired and the Group’s best estimate of the number of equity instruments that will ultimately vest. The expense or credit in the statement of profit or loss for a period represents the movement in cumulative expense recognized as at the beginning and end of that period. Service and non-market performance conditions are not taken into account when determining the grant date fair value of awards, but the likelihood of the conditions being met is assessed as part of the Group’s best estimate of the number of equity instruments that will ultimately vest. Market performance conditions are reflected within the grant date fair value. Any other conditions attached to an award, but without an associated service requirement, are considered to be non-vesting conditions. The dilutive effect of outstanding options is reflected as additional share dilution in the computation of diluted earnings per share. See Note 15. 18.1.3. Profit-sharing and bonus plans The Group recognizes a liability and an expense for bonuses and profit-sharing. Bonus and profit-sharing are payable in cash and the amount payable in total and to each individual is based upon different factors: adjusted net income, global goals, department goals and individual performance assessment. The Group recognizes a provision where contractually obliged or where there is a past practice that has created a constructive obligation. 18.2. Significant judgments, estimates and assumptions 18.2.1. Share-based payment Estimating fair value for share-based payment transactions requires determination of the most appropriate valuation model and underlying assumptions, which depends on the terms and conditions of the grant and the information available at the grant date. The Group uses certain methodologies to estimate fair value which include the following: • estimation of fair value based on equity transactions with third parties close to the grant date; • other valuation techniques including option pricing models such as Black-Scholes. These estimates also require determination of the most appropriate inputs to the valuation models including assumptions regarding the expected life of a share option or appreciation right, expected volatility of the price of the Group’s shares and expected dividend yield. 18.3. Employee benefits expenses 2022 2021 2020 Wages and salaries 1,727,760 1,055,959 483,600 Social security costs 353,789 258,488 138,960 Profit sharing and annual bonuses 213,942 61,629 89,973 Share-based payments 213,076 113,169 120,777 2,508,567 1,489,245 833,310 18.4. Share-based payment plans The Group provides benefits to employees and board members of the Group through share-based incentives. The following table outlines the key share-based awards expense and their respective equity or liability balances as of December 31, 2022, 2021 and 2020. Equity RSU PSU Options Total Number of shares Balance as of December 31, 2020 4,370,192 — 32,502 4,402,694 Granted 2,603,810 4,070,000 — 6,673,810 Issued (136,826) — — (136,826) Cancelled (252,028) — — (252,028) Balance as of December 31, 2021 6,585,148 4,070,000 32,502 10,687,650 Granted 6,171,570 4,606,897 12,657 10,791,124 Issued (700,092) — — (700,092) Cancelled (549,405) (1,356,530) — (1,905,935) Balance as of December 31, 2022 11,507,221 7,320,367 45,159 18,872,747 18.4.1. RSU - Restricted share units The Group offers a Long-term incentive plan (“LTIP”) that enables the grant of equity-based awards to employees and other service providers with respect to its Class A common shares, and it has granted restricted share unit (“RSUs”) to certain key employees under the LTIP to incentivize and reward such individuals. These awards are scheduled to vest over up to ten year period, subject to and conditioned upon the achievement of certain performance conditions. Assuming achievement of these performance conditions, awards are settled in, or exercised for its Class A common shares. If the applicable performance conditions are not achieved, the awards are forfeited for no consideration. The restricted shares have the following summarized information (amounts in R$): RSU Granted year Vesting conditions Weighted average fair value¹ Remaining expected life Number of Outstanding Awards 2018² From 4 to 10 years of service R$ 88.80 0.5 to 5.7 years 3,427,148 2019 From 5 to 10 years of service R$ 136.08 1.7 to 6.6 years 16,423 2020 From 5 to 10 years of service R$ 163.18 0.1 to 7.9 years 287,693 2021 From 1 to 10 years of service R$ 348.49 0.3 to 8.9 years 2,341,735 2022 From 1 to 10 years of service R$ 49.56 0.4 to 9.1 years 5,434,221 11,507,220 1 Determined based on the fair value of the equity instruments granted and the exchange rate, both at the grant date. 2 All performance conditions related with this grant were already satisfied. In December 31, 2022 there are no vested RSU to be issued to beneficiaries. The total expense, including taxes and social charges, recognized as Other income (expenses), net for the program on the year was R$187,518 (2021 - R$100,404 and 2020 - R$120,612). 18.4.2. PSU - Performance share units As part of LTIP, the Group granted awards of performance share units (“PSUs”). These awards are equity classified and give beneficiaries the right to receive shares if the Group reaches minimum levels of total shareholder return (“TSR”) for a specific period. The PSUs granted do not result in delivering shares to beneficiaries and expire if the minimum performance condition is not met. The fair value of the awards is estimated at the grant date using the Black-Scholes-Merton pricing model, considering the terms and conditions on which the PSUs were granted, and the related compensation expense is recognized over the vesting period. The performance condition is considered for estimating the grant-date fair value and of the number of PSUs expected to be issued, based on historical data and current expectations and is not necessarily indicative of performance patterns that may occur. The expected volatility reflects the assumption that the historical volatility over a period similar to the life of the PSUs is indicative of future trends, which may not necessarily be the actual outcome. The main two inputs to the model were: Risk–free interest rate and annual volatility, based on the Company and similar players’ historical stock price. To estimate the number of awards that are considered vested for accounting purposes we consider exclusively whether the service condition is met but reaching the TSR targets is ignored. As such even, if TSR targets are ultimately not achieved the expense will be recognized and not reversed for those PSUs for which the service condition was met. The performance shares have the following summarized information (amounts in R$): PSU Granted year Vesting conditions Weighted average fair value Volatility Risk-free rate Remaining expected life Number of Outstanding Awards 2021 5 years of service and achievement of a specified TSR R$ 26.74 71.8% 0.82% 3.4 years 2,849,000 2022 From 2 to 5 years of service and achievement of a specified share price R$ 2.71 76.5% to 83.3% 2.18% to 4.34% 1.3 to 4.8 years 4,471,367 7,320,367 In December 31, 2022 there are no vested PSU to be issued to beneficiaries.The total expense, including taxes and social charges, recognized as Other income (expenses), net for the program on the year was R$24,704 (2021 - R$12,601 and 2020 - R$ nil). 18.4.3. Options The Group has granted awards as stock options, of which the exercise date will be between 3 and 10 years with a fair value estimated at the grant date based on the Black-Scholes-Merton pricing model. The stock options have the following summarized information (amounts in R$): Options Granted year Vesting conditions Weighted average fair value Method of valuation Volatility Remaining expected life Exercisable at year end Exercise price Number of Outstanding Awards 2018 From 5 to 10 years of service R$ 59.59 Black-scholes 50.00 % 0.5 to 5.5 years 12,657 USD24.00 39,999 2019 From 3 to 5 years of service R$ 81.71 Black-scholes 69.80 % 1.5 years 1,935 USD30.00 5,160 45,159 The total expense, including taxes and social charges, recognized as Other income (expenses), net for the program on the year was R$854 (2021 - R$165 and 2020 - R$165). 18.5. Labor and social security liabilities 2022 2021 Accrued annual payments and related social charges 398,891 210,957 Labor liabilities and related social charges 105,550 95,139 Total labor and social security liabilities 504,441 306,096 Current 468,599 273,347 Non-current 35,842 32,749 |
Transactions with non-controlli
Transactions with non-controlling interests | 12 Months Ended |
Dec. 31, 2022 | |
Non Controlling Interests [abstract] | |
Transactions with non-controlling interests | Transactions with non-controlling interests The main effects of transactions with non-controlling interests on the equity attributable to the owners of the parent are comprised of: Changes in non-controlling interest Capital contributions (deductions) by non-controlling interests Transfers to (from) non-controlling interests Changes in equity attributable to owners of the parent Consideration paid or payable to non-controlling interests For the year ended December 31, 2020 Transactions between subsidiaries and shareholders: Issuance of shares for purchased noncontrolling interests 230,500 95,843 135,055 230,898 Capital contribution to subsidiary — (2,138) 2,138 — 230,500 93,705 137,193 230,898 For the period ended December 31, 2021 Transactions between subsidiaries and shareholders: Issuance of shares for purchased noncontrolling interests (230,500) (77,911) 308,411 230,500 Capital contribution to subsidiary 893 — — — Sale of subsidiary — (1,220) — (1,220) Non-controlling interests arising on a business combination — 50,252 — — (229,607) (28,879) 308,411 229,280 For the period ended December 31, 2022 Transactions between subsidiaries and shareholders: Transaction costs from subsidiaries (60) — — — Equity transaction with non-controlling interests (d) — (20,928) — 2,829 Non-controlling interests arising on a business combination (e) — 3,849 — — (60) (17,079) — 2,829 (a) On January 28, 2021, the Group fully acquired the non-controlling interest in PDCA held by Bellver Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior (“Bellver”). The transaction was made by a purchase and sale of shares, where Bellver agreed to acquire 1,313,066 STNE Participações S.A. shares by a payment being part in cash in the amount of R$230,500 and part by the delivering of their PDCA shares. The number of STNE Participações S.A. shares delivered to Bellver was based on STNE Participações S.A. volume-weighted average trading price of the 30 days preceding the signing of a memorandum of understanding (“MOU”) between the parties on December 8th, 2020. (b) On June 28, 2021, the Group sold all of the 4,205,115 Linked Gourmet’s shares held by it, representing 58.10% of the total and voting capital, for the total price of R$1, thus withdrawing from Linked Gourmet’s shareholders. The amount of R$1,219 refers to the 41.9% held by non-controlling shareholders. |
Other disclosures on cash flows
Other disclosures on cash flows | 12 Months Ended |
Dec. 31, 2022 | |
Other disclosures on cash flows [abstract] | |
Other disclosures on cash flows | Other disclosures on cash flows 20.1. Non-cash operating activities 2022 2021 2020 Fair value adjustment on loans designated at FVPL (326,491) (1,306,205) 12,461 Fair value adjustment on equity securities designated at FVPL (853,056) (1,264,213) — Fair value adjustment in financial instruments at FVPL (1,179,547) (2,570,418) 12,461 Fair value adjustment to accounts receivable from card issuers 253,181 303,156 (43,523) Fair value adjustment on equity instruments/listed securities designated at FVOCI (6,971) 216,465 40,336 20.2. Non-cash investing activities 2022 2021 2020 Property and equipment and intangible assets acquired through lease 63,910 92,802 118,977 20.3. Non-cash financing activities 2022 2021 2020 Unpaid consideration for acquisition of non-controlling shares 1,498 1,823 3,088 Settlement of loans with private entities — 748,297 — Shares of the Company delivered at Reclame Aqui acquisition 21.3.4(a) 169,864 — — 20.4. Property and equipment, and intangible assets 2022 2021 2020 Additions of property and equipment (Note 9.3) (692,206) (1,086,113) (450,594) Additions of right of use (IFRS 16) (Note 9.3) 47,182 87,176 52,140 Payments from previous year (51,614) (33,353) (1,050) Purchases not paid at year end 176,835 51,614 33,353 Prepaid purchases of POS 102,070 (102,314) (5,987) Purchases of property and equipment (417,733) (1,082,990) (372,138) Additions of intangible assets (Note 10.3) (288,004) (264,646) (150,310) Additions of right of use (IFRS 16) (Note 10.3) 16,728 5,626 66,837 Payments from previous year (41,898) — — Purchases not paid at year end 6,593 41,898 — Capitalization of borrowing costs 1,069 592 508 Issuance of shares for acquisition of assets — 849 — Purchases and development of intangible assets (305,512) (215,681) (82,965) Net book value of disposed assets (Notes 9.3 and 10.3) 202,519 161,902 96,704 Net book value of disposed Leases (52,164) (14,474) (36,919) Loss on disposal of property and equipment and intangible assets (25,347) (136,104) (52,658) Disposal of Creditinfo property, equipment and intangible assets, including goodwill (61,316) — — Disposal of Linked's property, equipment and intangible assets, including goodwill — (11,224) — Outstanding balance (36,684) — — Proceeds from disposal of property and equipment and intangible assets 27,008 100 7,127 |
Business combinations
Business combinations | 12 Months Ended |
Dec. 31, 2022 | |
Business Combinations [Abstract] | |
Business combinations | Business combinations 21.1. Accounting policy Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, including assets given, equity instruments issued, and liabilities incurred or assumed at the date of exchange, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure non-controlling interests in the acquiree at fair value or on the basis of its proportionate share in the identifiable net assets of the acquiree. Costs directly attributable to the acquisition are expensed as incurred. The assets acquired and liabilities assumed are measured at fair value, classified, and allocated according to the contractual terms, economic circumstances, and relevant conditions as at the acquisition date. The Group identifies and measures the assets acquired and liabilities assumed by the value obtained in preliminary assessments at the acquisition date. The Group has up to 12 months after each of the acquisitions to conclude the assessment and frequently values the assets acquired and liabilities assumed with the assistance of independent specialists. When the valuation is finalized, the Company recognizes the difference between the preliminary amounts and the final amounts related to the acquisition on its statement of financial position and statement of profit or loss, as appropriated. Subsequent to the initial recognition of Property and equipment and Intangible assets identified, the Company accounts the depreciation and amortization by the method and useful lives defined at the initial recognition based on the preliminary assessments until the final assessments are available. Contingent liabilities recognized as of acquisition date are measured at fair value. Subsequently, until the liability is settled, cancelled or expires, they are recognized at the higher of the amount initially recognized or the amount that would be recognized under IAS 37. Any contingent consideration to be transferred by the acquirer will be recognized at fair value on acquisition date. Subsequent changes in the fair value of the contingent consideration treated as an asset or liability should be recognized in profit or loss. In order to evaluate the contingent consideration, the Group considers different probabilities of scenarios and discounted future contractual cash flows at the interest rates available in the market for similar financial instruments. Goodwill is measured as the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the fair value of net assets acquired. If the fair value of net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all assets acquired and all liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill indefinite useful life intangible assets recognized under business combination are tested for impairment at least annually at December 31 or whenever there is an indication that it may be impaired (see Note 10.4 for more details). 21.2. Significant judgments, estimates and assumptions The process of accounting a business combination includes the use of (i) valuation techniques to determine the amounts of intangible assets identified, (ii) estimates to determine its useful life, and (iii) valuation techniques to estimate the contingent consideration included in the total consideration paid to acquire the companies. 21.3. Acquisitions in 2022 During 2022, the Group realized business combinations with Reclame Aqui, Plugg.to and Hubcount. 21.3.1. Transaction details 21.3.1.1. Reclame Aqui On February 17, 2022 the Group acquired 50% of equity interest in Reclame Aqui Holdings Limited (“Reclame Aqui”). Reclame Aqui is an unlisted company based in Cayman Islands, with operations in Brazil, which provides customer relationship software and other solutions to help companies better engage and serve their clients.The Group determined it has control based on its voting power over the main decisions of Reclame Aqui. 21.3.1.2. Plugg.to On June 08, 2022, the Group acquired 100% of equity interest in ThirdLevel Soluções de Internet S.A. (“Plugg.to”), a private company headquartered in the State of São Paulo, Brazil. Plugg.to develops technology that works as a marketplace hub, offering fast and intelligent integrations between virtual store platforms, ERP's and marketplaces, with which the Group hopes to obtain synergies in its services to customers. The agreement with the selling shareholders provides for a contingent consideration linked to the achievement of certain operational goals and to the performance of net revenue for fiscal years 2023 and 2024. Plugg.to was merged into Linx Sistemas on November 3, 2022. 21.3.1.3. Hubcount On August 31, 2022, our controlled company Questor acquired 75% of equity interest in Hubcount Tecnologia S.A. (“Hubcount”), a private company headquartered in the State of São Paulo, Brazil. Hubcount develops technology that offers accounting solutions to accounting offices and large corporations, with which the Group hopes to obtain synergies in its services to customers. The agreement with the selling shareholders provides for a contingent consideration linked to the performance of net revenue for fiscal year 2023. 21.3.2. Financial position of the businesses acquired The net assets acquired, at fair value, on the date of the business combination, and the goodwill amount originated in the transaction are presented below. Fair value Reclame Aqui (as of Feb 17, 2022) (a) Plugg.to (as of June 08, 2022) (a) Hubcount (as of August 31, 2022) (b) Total Cash and cash equivalents 418 362 36 816 Short-term investments 9,024 — — 9,024 Trade accounts receivable 7,938 1,864 235 10,037 Recoverable taxes 148 91 42 281 Receivables from related parties 62 — — 62 Property and equipment 1,285 — 205 1,490 Intangible assets - Customer relationship (c) 26,964 2,089 — 29,053 Intangible assets - Software (c) 11,220 34,141 — 45,361 Intangible assets - Trademarks and patents (c) 288,964 — — 288,964 Other assets 63,651 8 460 64,119 Total assets 409,674 38,555 978 449,207 Trade accounts payable 17,401 3,943 79 21,423 Loans and financing 4,463 — — 4,463 Labor and social security liabilities 2,190 541 313 3,044 Taxes payable 3,364 313 41 3,718 Deferred tax liabilities — 12,318 12,318 Other liabilities 3,154 — 87 3,241 Total liabilities 30,572 17,115 520 48,207 Net assets and liabilities 379,102 21,440 458 401,000 Consideration paid (Note 21.3.4) 435,164 46,038 10,615 491,817 Goodwill 56,062 24,598 10,157 90,817 (a) Identification and measurement of assets acquired, liabilities assumed, consideration transferred, and goodwill are final. (b) Identification and measurement of assets acquired, liabilities assumed, consideration transferred, and goodwill are preliminary. (c) The Group carried out a preliminary or final fair value assessment of the assets acquired in the business combination, as specified in the items (a) and (b) above, having identified customer relationship, software, and trademark and patents as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.3.3. 21.3.3. Intangible assets recognized from business combination The assumptions adopted to measure the fair value of intangible assets identified in the business combination are described below, as well as whether the assessment is preliminary or final. 21.3.3.1. Customer relationship Reclame Aqui Plugg.to Amount 26,964 2,089 Method of evaluation Distributor’s Method Distributor’s Method Estimated useful life (a) 5 years and 9 months 3 years and 7 months Discount rate (b) 14.0% 15.0% Source of information Acquirer’s management internal projections Acquirer’s management internal projections Assessment status Final Final (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.3.3.2. Software Reclame Aqui Plugg.to Amount 11,220 34,141 Method of evaluation Replacement cost MEEM (*) Estimated useful life (a) 5 years 5 years Discount rate (b) 14.0% 15.0% Source of information Historical data Acquirer’s management internal projections Assessment status Final Final (*) Multi-Period Excess Earnings Method (“MEEM”) (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.3.3.3. Trademark and patents Reclame Aqui Amount 288,964 Method of evaluation MEEM (*) Estimated useful life (a) 30 years and 9 months Discount rate (b) 14.0% Source of information Acquirer’s management internal projections Assessment status Final (*) Multi-Period Excess Earnings Method (“MEEM”) (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.3.4. Consideration paid The consideration paid on business combination is composed by the sum of the following values, if any: (a) consideration transferred, (b) non-controlling interest in the acquiree and (c) fair value of the acquirer’s previously held equity interest in the acquiree. The consideration paid in the preliminary assessments is presented as follows. Reclame Aqui Plugg.to Hubcount Total Cash consideration paid to the selling shareholders 42,273 20,880 7,500 70,653 Cash consideration to be paid to the selling shareholders 10,000 16,744 3,000 29,744 Shares of the Company delivered to selling shareholders (a) 113,779 — — 113,779 Capital increase in the acquiree (a) 64,013 — — 64,013 Non-controlling interest in the acquiree (b) 189,739 — 115 189,854 Call option in the acquiree (c) (16,200) — — (16,200) Contingent consideration (d) 31,560 8,414 — 39,974 Total 435,164 46,038 10,615 491,817 (a) The Group used Treasury shares to pay some of the selling shareholders and some of the Capital increase in Reclame Aqui (see note 14.3), The fair value of the treasury shares delivered to selling shareholders and used as capital increase were R$113,779 and R$56,085, respectively, totaling R$169,864. The treasury shares used as capital increase in Reclame Aqui were subsequently sold by the investee for R$53,406. (b) The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. (c) The Group has a call option to acquire the remaining equity interest to hold 100% of Reclame Aqui, which can be exercised between January 1, 2027 and June 30, 2027. The option has been measured in accordance with pre-determined formulas and was recorded in the consolidated statement of financial position as Derivative financial instruments. R$16,200 represents the final amount on acquisition date. This value is periodically remeasured, which may result in an increase or decrease of the estimate, and as of June 30, 2022 this option is included in the amount of R$23,983 mentioned in Note 6.8. (d) Reclame Aqui contingent consideration will be paid to the selling shareholders in two periods – after the closing of the 2023 (1st period) and 2025 (2nd period) fiscal years, the amount is based on predetermined formulas which consider mainly the net revenue of Reclame Aqui at the end of 2023 and 2025. Plugg.to contingent consideration will be paid to the selling shareholders after the closing of the 2023 for financial metrics and 2024 for operational metrics. Contingent consideration for the acquisition of Hubcount is being evaluated. Additionally, the Group holds a put option to sell the totality of its shares on Reclame Aqui to VLP Holding Ltd (non-controller shareholder of Reclame Aqui). VLP Holding Ltd also has a put option to sell the totality of its shares on Reclame Aqui to the Group. This option can be exercised by VLP Holding Ltd between July 1, 2027 and July 31, 2027, provided that: (i) the Company decides not to exercise the call option mentioned in the item c) above and (ii) certain metrics based on net revenue of Reclame Aqui are achieved. See note 6.12(k) for further details about accounting policy elected to those options. 21.3.5. Revenue and profit contribution The combined statement of profit or loss from the acquisition date through December 31, 2022 for all companies acquired in 2022, is presented below: 2022 Net revenue from subscription services and equipment rental 81,064 Other financial income 3,683 Total revenue and income 84,747 Cost of services (891) Administrative expenses (71,513) Selling expenses (1,139) Financial expenses, net (840) Other income (expenses), net (1,938) (76,321) Profit before income taxes 8,426 Current income tax and social contribution (1,763) Net income for the year 6,663 Total revenue and net income for the Group is presented below on a pro-forma basis assuming the acquisitions occurred at the beginning of the year of each acquisition: 2022 Pro-forma total revenue and income 9,600,659 Pro-forma net loss for the year (527,979) This pro-forma financial information is presented for informational purposes only and does not purport to represent what the Company’s results of operations would have been had it completed the acquisition on the date assumed, nor is it necessarily indicative of the results that may be expected in future periods. 21.4. Acquisitions in 2021 – assessments concluded in 2022 During 2021, the Company conducted business combinations with some companies, including SimplesVet, VHSYS, Linx, Trampolin and Collact. The acquisitions of these companies were measured in 2021 based on preliminary assessments and included in the December 31, 2021 consolidated financial statements. The assessments were completed in the first quarter of 2022 for SimplesVet and VHSYS, in the second quarter of 2022 for Linx and in the third quarter for Trampolin and Collact. The effects of the differences between the preliminary assessments (as originally recognized on December 31, 2021) and the final assessments was retrospectively accounted in the consolidated financial statements as of December 31, 2021. Therefore, the December 31, 2021 comparative statement of financial position was revised in these interim condensed consolidated financial statements (see Note 1.3). 21.4.1. Financial position of the businesses acquired The net assets acquired, at fair value, on the date of the business combination, and the goodwill amount originated in the transaction considering the preliminary and the final assessments are presented below. 21.4.1.1. SimplesVet Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 11,107 — 11,107 Trade accounts receivable 96 — 96 Recoverable taxes — 20 20 Property and equipment 179 — 179 Intangible assets - Customer relationship (a) 15,924 (9,098) 6,826 Intangible assets - Software (a) 2,807 12,859 15,666 Other assets 137 (21) 116 Total assets 30,250 3,760 34,010 Trade accounts payable 106 — 106 Labor and social security liabilities 566 — 566 Taxes payable — 580 580 Deferred tax liabilities 6,369 1,279 7,648 Other liabilities 843 (580) 263 Total liabilities 7,884 1,279 9,163 Net assets and liabilities (b) 22,366 2,481 24,847 Consideration paid (Note 21.4.3) 39,583 (2,102) 37,481 Goodwill 17,217 (4,583) 12,634 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by SimplesVet. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the first quarter of 2022, the valuation was completed. 21.4.1.2. VHSYS Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 13,731 — 13,731 Trade accounts receivable 351 — 351 Recoverable taxes — 38 38 Property and equipment 2,232 4 2,236 Intangible assets 2,522 (2,522) — Intangible assets - Customer relationship (a) 6,134 (5,462) 672 Intangible assets - Software (a) 14,583 8,215 22,798 Intangible assets - Trademarks and patents (a) — 21,513 21,513 Other assets 109 (60) 49 Total assets 39,662 21,726 61,388 Trade accounts payable 3,515 — 3,515 Loans and financing 1,525 — 1,525 Labor and social security liabilities 2,019 — 2,019 Taxes payable — 174 174 Provision for contingencies — 2 2 Deferred tax liabilities 7,044 7,393 14,437 Other liabilities 177 (177) — Total liabilities 14,280 7,392 21,672 Net assets and liabilities (b) 25,382 14,334 39,716 Consideration paid (Note 21.4.3) 55,411 7,167 62,578 Goodwill 30,029 (7,167) 22,862 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by VHSYS. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the first quarter of 2022, the valuation was completed. 21.4.1.3. Linx Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 41,618 — 41,618 Short-term investments 431,444 — 431,444 Accounts receivable from card issuers 349,471 — 349,471 Trade accounts receivable 212,567 — 212,567 Recoverable taxes 43,927 (15,721) 28,206 Prepaid expenses 4,735 — 4,735 Deferred tax assets 47,362 148,737 196,099 Property and equipment 200,420 — 200,420 Intangible assets 56,917 — 56,917 Intangible assets - Customer relationship (a) 1,471,741 (899) 1,470,842 Intangible assets - Software (a) 340,780 — 340,780 Intangible assets - Trademarks and patents (a) 214,578 — 214,578 Intangible assets - Non-compete agreement (a) — 24,365 24,365 Other assets 77,367 — 77,367 Total assets 3,492,927 156,482 3,649,409 Accounts payable to clients 332,902 — 332,902 Trade accounts payable 107,205 — 107,205 Loans and financing 346,151 — 346,151 Labor and social security liabilities 85,829 — 85,829 Taxes payable 34,635 — 34,635 Deferred tax liabilities 608,749 9,714 618,463 Provision for contingencies 164,259 — 164,259 Other liabilities 111,233 — 111,233 Total liabilities 1,790,963 9,714 1,800,677 Net assets and liabilities (b) 1,701,964 146,768 1,848,732 Consideration paid (Note 21.4.3.3) 6,737,900 24,365 6,762,265 Goodwill 5,035,936 (122,403) 4,913,533 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, software, trademarks and patents, and non-compete agreement as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Linx. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the second quarter of 2022, the valuation was completed. 21.4.1.4. Trampolin Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 294 — 294 Trade accounts receivable 130 — 130 Property and equipment 9 — 9 Intangible assets - Software (a) 7,874 (6,414) 1,460 Other assets 2 — 2 Total assets 8,309 (6,414) 1,895 Deferred tax liabilities 2,677 (2,180) 497 Other liabilities 125 — 125 Total liabilities 2,802 (2,180) 622 Net assets and liabilities (b) 5,507 (4,234) 1,273 Consideration paid (Note 21.4.3.4) 24,993 (1,694) 23,299 Goodwill 19,486 2,540 22,026 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified software as intangible asset. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Trampolin. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the third quarter of 2022, the valuation was completed. 21.4.1.5. Collact Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 38 — 38 Trade accounts receivable 29 — 29 Property and equipment 389 — 389 Intangible assets - Customer relationship (a) — 294 294 Intangible assets - Software (a) 11,634 (10,518) 1,116 Intangible assets - Trademarks and patents (a) 774 (774) — Other assets 321 — 321 Total assets 13,185 (10,998) 2,187 Accounts payable to clients 261 — 261 Labor and social security liabilities 852 — 852 Taxes payable 10 — 10 Deferred tax liabilities 4,218 (3,739) 479 Other liabilities 902 — 902 Total liabilities 6,243 (3,739) 2,504 Net assets and liabilities (b) 6,942 (7,259) (317) Consideration paid (Note 21.4.3.5) 14,116 — 14,116 Goodwill 7,174 7,259 14,433 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2 (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Collact. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the third quarter of 2022, the valuation was completed. 21.4.2. Intangible assets recognized from business combinations The assumptions adopted to measure the fair value of intangible assets identified in the business combination are described below. 21.4.2.1. Customer relationship SimplesVet VHSYS Linx Collact Amount 6,826 672 1,470,842 294 Method of evaluation MEEM (*) MEEM (*) MEEM (*) MEEM (*) Estimated useful life (a) 8 years 3 years, 4 months 31 years, 6 months to 34 years, 6 months 2 years, 7 months Discount rate (b) 14.0% 13.9% 10.3% 13.8% Source of information Acquirer’s management internal projections Acquirer’s management internal projections Acquirer’s management internal projections Acquirer’s management internal projections (*) Multi-Period Excess Earnings Method (“MEEM”) (a) Useful lives were estimated based on internal benchmarks. In the case of Linx useful life considers the observed behavior of Linx customers who historically present a very low level of churn. The asset was measured for each of the Linx subsidiaries and for this reason the useful life is variable. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.2. Software SimplesVet VHSYS Linx Trampolin Collact Amount 15,666 22,798 340,780 1,460 1,115 Method of evaluation Replacement cost Replacement cost Relief from royalties Replacement costs Relief from royalties Estimated useful life (a) 6 years 6 years 4 years to 10 years 5 years 5 years Discount rate (b) 13.6% 13.5% 10.3% 17.3% 13.8% Source of information Historical data Historical data Acquirer’s management internal projections Historical data Acquirer’s management internal projections (a) Useful lives were estimated based on internal benchmarks. The asset was measured for each of the Linx subsidiaries and for this reason the useful life is variable. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.3. Trademark and patents VHSYS Linx Amount 21,513 214,578 Method of evaluation Relief from royalties Relief from royalties Estimated useful life (a) Indefinite Indefinite Discount rate (b) 13.5% 10.3% Source of information Acquirer’s management internal projections Acquirer’s management internal projections (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.4. Non-compete agreement Linx Amount 24,365 Method of evaluation With / without Estimated useful life (a) 5 years Discount rate (b) 10.3% Source of information Acquirer’s management internal projections (a) Useful lives were estimated based on non-compete agreement terms. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.3. Consideration paid The consideration paid on business combination is composed by the sum of the following values, if any: (i) consideration transferred, (ii) non-controlling interest in the acquiree and (iii) fair value of the acquirer’s previously held equity interest in the acquiree. The consideration paid in the preliminary and the final assessments is presented as follows. 21.4.3.1. SimplesVet Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 15,650 — 15,650 Cash consideration to be paid to the selling shareholders 5,750 — 5,750 Non-controlling interest in the acquiree (a) 11,183 1,241 12,424 Contingent consideration (b) 7,000 (3,343) 3,657 Total 39,583 (2,102) 37,481 (a) The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. (b) The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. 21.4.3.2. VHSYS Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 18,656 — 18,656 Previously held equity interest in the acquiree, at fair value (a) 24,064 — 24,064 Non-controlling interest in the acquiree (b) 12,691 7,167 19,858 Total 55,411 7,167 62,578 (a) Refers to the acquiree’s shares previously acquired from the selling shareholders. As a result of the acquisition of VHSYS in steps, the Group recognized a gain of R$12,010 in 2021 by the difference between the previously held 33.33% interest in VHSYS, at fair value, in the amount of R$24,064, and its carrying amount, of R$12,054. (b) The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. 21.4.3.3. Linx Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 4,752,811 — 4,752,811 Previously held equity interest in the acquiree, at fair value (a) 1,335,603 — 1,335,603 Shares of the Company issued to selling shareholders 618,514 — 618,514 Contingent consideration (b) 30,972 24,365 55,337 Total 6,737,900 24,365 6,762,265 (a) Refers to the acquiree’s shares previously acquired in stock market or from the selling shareholders. (b) Refers to share-based payments that may be paid in the next months and to a non-compete agreement signed with the Linx founders selling shareholders. 21.4.3.4. Trampolin Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 13,402 — 13,402 Shares of the Company to be issued to selling shareholders 9,897 — 9,897 Contingent consideration (a) 1,694 (1,694) — Total 24,993 (1,694) 23,299 (a) The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. 21.4.3.5. Collact Preliminary amounts Cash consideration paid to the selling shareholders 3,173 Previously held equity interest in the acquiree, at fair value (a) 3,529 Loans converted into shares 5,247 Cash consideration to be paid to the selling shareholders 167 Contingent consideration (b) 2,000 Total 14,116 (a) Refers to the acquiree’s shares previously acquired in stock market or from the selling shareholders. As a result of the step acquisition of Collact, the Group recognized a gain of R$3,838 by the difference between the previously held 25% interest in Collact, at fair value, in the amount of R$3,529, and its carrying amount, of (R$309). (b) The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. |
Segment information
Segment information | 12 Months Ended |
Dec. 31, 2022 | |
Operating Segments [Abstract] | |
Segment information | Segment information 22.1. Accounting policy Until the second quarter of 2021, the Group evaluated the business as a single reportable segment. From the third quarter of 2021 onwards, due to the acquisition of Linx, and the complexity of the business, the Group began to have two operating and reportable segments: StoneCo (ex-Linx) and Linx, as the CODM reviewed and monitored operations and evaluated performance considering such separate views. Starting in the first quarter of 2022, in line with the strategy and organizational structure of the Group, the Group is presenting two reportable segments, namely “Financial Services” and “Software” and certain non allocated activities: • Financial services: Comprised of our financial services solutions which includes mainly payments solutions, digital banking, credit, insurance solutions as well as the registry business TAG. • Software: Comprised of two main activities (i) Core, which is comprised by POS/ERP solutions, TEF and QR Code gateways, reconciliation and CRM, and (ii) Digital, which includes OMS, e-commerce platforms, engagement tools, ads solutions and marketplace hubs. • Non allocated activities: Comprised of non-strategic businesses, including results on disposal / discontinuation of non-core businesses. The change in segments reflect changes in our internal organization with Financial Services and Software each representing strategic business units monitored separately and having a member of the leadership team responsible for such unit. The Group used and continues to use Adjusted net income (loss) as the measure reported to the CODM about the performance of each segment. The measurement of Adjusted net income (loss) from April 1, 2022 no longer adjust bond expenses (see Note 6.7.3.4) in the segmented statement of profit or loss. As such in the statement of profit or loss as from April 1, 2022 the bond expenses are included in the Financial Services segment. Information for prior periods (including the comparative periods and results from January 1, 2022 to March 31, 2022) have not been retroactively adjusted to reflect the new criteria. The effect in Adjusted net income of no longer excluding bond expenses from April 1, 2022 to December 31, 2022 amounts to R$305,122. In order to facilitate the comparison of segment result on a consistent basis, we present as additional information the segment statements of profit or loss: (i) of the year ended December 31, 2022 net income (loss) excluding bond expenses for the twelve-month-period, which was the criteria we used up to March 31, 2022, (ii) of the year ended December 31, 2022 net income (loss) not excluding such bond expenses for the twelve-month period, which is our current criteria , and (iii) of the year ended December 31, 2021 net income (loss) not excluding bond expenses for the twelve-month period, which is our current criteria. 22.2. Segmented Statement of Profit or Loss December 31, 2022 Financial Services Software Non allocated Total revenue and income 8,083,549 1,419,841 85,555 Cost of services (1,987,522) (670,154) (12,076) Administrative expenses (640,772) (314,267) (39,666) Selling expenses (1,245,266) (245,071) (20,903) Financial expenses, net (3,345,588) (56,176) (1,067) Other income (expenses), net (170,322) (15,049) (24,506) Total adjusted expenses (7,389,470) (1,300,717) (98,218) Loss on investment in associates (409) (1,355) (1,825) Ajusted profit (loss) before income taxes 693,670 117,769 (14,488) Income taxes and social contributions (138,550) (50,905) (1,404) Adjusted net income (loss) for the year 555,120 66,864 (15,892) Adjusted net income (loss) for the year (not adjusting for the bond) 474,561 66,864 (15,892) Adjusted net income (loss) for the year (adjusting for the bond) 860,242 66,864 (15,892) December 31, 2021 Financial Services Software Non allocated Total revenue and income 4,090,995 686,267 46,499 Cost of services (1,328,281) (370,854) (14,693) Administrative expenses (439,683) (180,819) (24,314) Selling expenses (887,009) (114,591) (10,944) Financial expenses, net (1,091,271) (36,936) (57) Other income (expenses), net (104,285) (9,998) (3,879) Total adjusted expenses (3,850,529) (713,198) (53,887) Loss on investment in associates (941) (48) (9,448) Adjusted profit (loss) before income taxes 239,525 (26,979) (16,836) Income taxes and social contributions 17,205 (7,067) (2,557) Adjusted net income (loss) for the year 256,730 (34,046) (19,393) Adjusted net income (loss) for the year (not adjusting for the bond) 138,170 (34,046) (19,393) December 31, 2020 Financial Services Software Non allocated Total revenue and income 3,248,846 53,114 17,861 Cost of services (749,583) (16,046) (4,317) Administrative expenses (316,751) (28,221) (1,906) Selling expenses (501,573) (2,035) (2,295) Financial expenses, net (330,391) (1,305) (227) Other income (expenses), net (30,318) (25,146) (9,396) Total adjusted expenses (1,928,616) (72,753) (18,141) Loss on investment in associates — (4,863) (2,074) Ajusted profit (loss) before income taxes 1,320,230 (24,502) (2,354) Income taxes and social contributions (329,416) (5,416) (349) Adjusted net income (loss) for the year 990,814 (29,918) (2,703) 22.3. Reconciliation of segment adjusted net income (loss) for the year with net income (loss) in the consolidated financial statements December 31, 2022 December 31, 2021 December 31, 2020 Adjusted net income – Financial Services 555,120 256,730 990,814 Adjusted net income (loss) – Software 66,864 (34,046) (29,918) Adjusted net income (loss) – Non allocated (15,892) (19,393) (2,703) Segment adjusted net income 606,092 203,291 958,193 Adjustments from adjusted net income to consolidated net income (loss) Mark-to-market from the investment in Banco Inter and related cost (933,615) (1,382,773) — Amortization of fair value adjustment (a) (138,601) (89,100) (17,229) Share-based compensation expenses (b) (129,835) (66,917) (120,695) Gain on previously held interest in associate — 15,848 2,992 Other expenses (c) 17,810 (118,323) (30,782) Tax effect on adjustments 51,753 60,626 44,967 Consolidated net income (loss) (526,396) (1,377,348) 837,446 (a) Related to acquisitions. Consists of expenses resulting from the changes of the fair value adjustments as a result of the application of the acquisition method. (b) Consists of expenses related to the vesting of one-time pre-IPO pool of share-based compensation as well as non-recurring long term incentive plans. (c) Consists of the fair value adjustment related to associates call option, M&A and Bond issuance expenses, earn-out interests related to acquisitions, gains/losses in the sale of companies, dividends from Linx and organizational restructuring expenses.. |
Subsequent events
Subsequent events | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of non-adjusting events after reporting period [abstract] | |
Subsequent events | Subsequent events Sale of stake in Banco Inter During first quarter of 2023, the Group sold its remaining stake in Banco Inter, representing 16.8 million shares. The shares were sold at a price of R$12.96, equivalent to R$218 million. The movement follows the Group’s goal to focus on its core operation of Financial Services and Software. During the second quarter of 2022 the Group had already announced a partial sale equivalent to 21.5% of the shares it held at Banco Inter through the cash-out option offered in Inter’s corporate restructuring. |
Significant accounting polici_2
Significant accounting policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Basis of preparation | Basis of preparation The consolidated financial statements of the Group have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The consolidated financial statements have been prepared on a historical cost basis, except for some Short and Long-term investments, Accounts receivable from card issuers, certain loans presented under Trade accounts receivable, Derivative financial instruments, Other liabilities related to contingent consideration and, upon initial recognition, Provision for contingencies of entities acquired on business combinations. The consolidated financial statements are presented in Brazilian reais (“R$”), and all values are rounded to the nearest thousand (R$ 000), except when otherwise indicated. |
Foreign currency translation | Foreign currency translation 2.2.1. Financial statements in foreign currencies The Group’s consolidated financial statements are presented in Brazilian reais (“R$”), which is the Company’s functional currency. For each entity, the Group determines its functional currency. Items included in the financial statements of each entity are measured using that functional currency. The functional currency for the Company’s subsidiaries is also the Brazilian real, except for the Napse Group. The functional currencies of the different entities of the Napse Group are the U.S. dollar, Argentinian peso, Chilean peso, Mexican peso, Nuevo Sol and Uruguayan peso. The financial statements of entities with a functional currency different than the Brazilian real, have their financial statements translated into Brazilian reais using (i) the exchange rates at the reporting date for assets and liabilities, (ii) average monthly exchange rates for profit or loss, and (iii) the exchange rate at the transaction date for equity transactions. Exchange gains and losses arising from translating are recorded in OCI. 2.2.2. Transactions in foreign currencies Transactions in foreign currencies are initially recorded by the Group’s entities in their functional currency at the spot rate at the date the transaction first qualifies for recognition. Monetary assets and liabilities denominated in foreign currencies are translated into each functional currency using the exchange rates prevailing at the reporting date. Exchange gains and losses arising from the settlement of transactions and from the translation of monetary assets and liabilities denominated in foreign currency are recognized in the statement of profit or loss. These mostly arise from transactions carried out by clients with credit and debit cards issued by foreign card issuers and from the translation of the Group’s financial instruments denominated in foreign currencies. |
Leases | Leases The determination of whether an arrangement is, or contains, a lease is based on the substance of the arrangement at the inception date. In the event that fulfillment of the arrangement is dependent on the use of specific assets or the arrangement transfers a right to use the asset, such arrangements are defined as leases. 2.3.1. Group as lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets for which the Group opts for recognition exemption. The Group recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. 2.3.1.1. Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. The estimated useful lives for the right-of-use assets are as follows: Estimated useful lives (years) Offices 1-10 Vehicles 1-3 Equipment 1-10 Software 1-3 If ownership of the leased asset is transferred to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. 2.3.1.2. Lease liabilities At the commencement date of the lease, the Group recognizes under “Loans and financing” lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating a lease, if the lease term reflects the Group exercising the option to terminate. The variable lease payments are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. 2.3.1.3. Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of offices, software, vehicles and other equipment (contracts that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the low-value assets recognition exemption to leases of office equipment that are considered of low value (below US$5,000). Lease payments of short-term leases and leases of low-value assets are recognized as an expense on a straight-line basis over the lease term. 2.3.2. Group as lessor Leases in which the Group does not transfer substantially all the risks and rewards incidental to ownership of an asset are classified as operating leases. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis as rental income. Contingent rents are recognized as revenue in the period in which they are earned. The Group has cancellable month-to-month lease contracts of Pin Pads & POS to third parties (clients). The leased assets are included in “Property and equipment” in the consolidated statement of financial position and are depreciated over their expected useful lives on a straight-line basis. Income from operating leases (net of any incentives given to the lessee) is recognized on a straight-line basis over the lease term in “Net revenue from subscription services and equipment rental” in the consolidated statement of profit or loss. |
Prepaid expenses | Prepaid expenses Prepaid expenses are recognized as an asset in the statement of financial position. These expenditures include, but are not limited to, prepaid software licenses, certain consulting services, insurance premiums and prepaid marketing expenses. The amount recognized as asset in the statement of financial position is charged to the statement of profit or loss once the prepaid services are consumed by the Group. As of December 31, 2022, the balance is mainly represented by prepaid media to the Globo group of R$163,065 (R$294,953 as of December 31, 2021). Under the terms of the agreement the amount is available to place media until 2025. |
Current and non-current classification | Current and non-current classification The Group presents assets and liabilities in the statement of financial position based on a current / non-current classification. An asset is current when it is: • expected to be realized or intended to be sold or consumed in the normal operating cycle; • held primarily for the purpose of trading; • expected to be realized within twelve months after the reporting period; or • cash or cash equivalent unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period. All other assets are classified as non-current. A liability is current when it is: • expected to be settled in the normal operating cycle; • held primarily for the purpose of trading; • due to be settled within twelve months after the reporting period; or • there is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period. All other liabilities are classified as non-current. Deferred tax assets and liabilities are classified as non-current assets and liabilities. |
IAS 29 Accounting and reporting standard in highly hyperinflationary economy | IAS 29 Financial Reporting in Hyperinflationary Economies Considering that the inflation accumulated in the past three years in Argentina was higher than 100%, the adoption of the IAS 29 Financial Reporting in Hyperinflationary Economies is mandatory for the subsidiary Napse S.R.L., located in Argentina. Pursuant to IAS 29, non-monetary assets and liabilities, shareholders’ equity and amounts in the statement of profit or loss of entities that operate in hyperinflationary economies are adjusted by the change in the general purchasing power of the currency, applying a general price index. The financial statements of an entity whose functional currency is the currency of a hyperinflationary economy, whether they are based on the historical or current cost approach, should be expressed in terms of the current measurement unit at the balance sheet date. |
New and amended standards and interpretations | New standards and amendments to standards and interpretations adopted The following amendments and interpretations were applied for the first time in 2022: • Onerous contracts – costs of fulfilling a contract – amendments to IAS 37: The amendments apply a “directly related cost approach”. The costs that relate directly to a contract to provide goods or services include both incremental costs and an allocation of costs directly related to contract activities. • IFRS 9 – Financial instruments – fees in the ‘10 per cent’ test for derecognition of financial liabilities: The amendment clarifies the fees that an entity includes when assessing ‘10 per cent’ test and whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. • Reference to the conceptual framework – amendments to IFRS 3: The amendments are intended to replace a reference to the Framework for the Preparation and Presentation of Financial Statements, issued in 1989, with a reference to the Conceptual Framework for Financial Reporting issued in March 2018. • Proceeds before intended use – amendments to IAS 16: The amendment prohibits entities from deducting from the cost of an item of property, plant and equipment, any proceeds of the sale of items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the costs of producing those items, in profit or loss. • IAS 41 - Taxation in fair value measurements: The amendment removes the requirement in paragraph 22 of IAS 41 that entities exclude cash flows for taxation when measuring the fair value of assets within the scope of IAS 41. • First-time adoption of international financial reporting standards: The amendment to IFRS 1 simplifies the application of IFRS 1 by a subsidiary that becomes a first-time adopter after its parent in relation to the measurement of cumulative translation differences. These amendments mentioned above had no relevant impact on the consolidated financial statements of the Group. 2.8. New standards and amendments to standards and interpretations not yet adopted The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of the Group’s financial statements are presented below. The Group intends to adopt these new and amended standards and interpretations, if applicable, when they become effective. 2.8.1. Amendments to IAS 1: classification of liabilities as current or non-current In January 2020, the IASB issued amendments to paragraphs 69 to 76 of IAS 1 to specify the requirements for classifying liabilities as current or non-current. The amendments clarify: • What is meant by a right to defer settlement; • That a right to defer must exist at the end of the reporting period; • That classification is unaffected by the likelihood that an entity will exercise its deferral right; • That only if an embedded derivative in a convertible liability is itself an equity instrument would the terms of a liability not impact its classification. The amendments are effective for annual reporting periods beginning on or after January 1, 2023 and must be applied retrospectively. The Group reviewed the amendment and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.2. Amendment to IAS 12 – deferred tax related to assets and liabilities arising from a single transaction These amendments require companies to recognize deferred tax on transactions that, on initial recognition give rise to equal amounts of taxable and deductible temporary differences. In May 2021, the Board issued amendments to IAS 12, which narrow the scope of the initial recognition exception under IAS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group will apply the amendments for applicable transactions, on or after the beginning of the annual reporting period in which the entity first applies the amendment. The Group does not expect to have any impact on its consolidated financial statements by applying these amendments. 2.8.3. IFRS 17 – insurance contracts This standard replaces IFRS 4, which currently permits a wide variety of practices in accounting for insurance contracts. IFRS 17 will fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group is assessing the impact that the amendments will have on current practice and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.4. Narrow scope amendments to IAS 1, practice statement 2 and IAS 8 In February 2021, the Board issued amendments to IAS 1, IFRS Practice Statement 2 Making Materiality Judgements (the PS) and to IAS 8. The amendments aim to improve accounting policy disclosures and to help users of the financial statements to distinguish between changes in accounting estimates and changes in accounting policies. The amendments are effective for annual reporting periods beginning on or after January 1, 2023. The Group had assessed the amendment and does not expect to have any impact on the Group’s consolidated financial statements on this apply. 2.8.5. Lease Liability in a Sale and Leaseback Amendments to IFRS 16 In September 2022, the Board issued the amendment to IFRS 16. The amendment clarifies the subsequent measurement of lease liability related to a sale and leaseback transaction, principally for those lease contracts that payments are variable and do not depend on an index or rate. The amendments are effective for annual reporting periods beginning on or after January 1, 2024. The Group does not expect to have any impact on the Group’s consolidated financial statements on this apply. |
Income taxes (Policies)
Income taxes (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting policy for income taxes [Abstract] | |
Taxes | Accounting policy 8.1.1. Current income and social contribution taxes Current tax assets and liabilities are measured at the amount expected to be recovered or paid to the tax authorities. The tax rules used to determine tax assets and liabilities are those that are in force on the balance sheet date in the countries where the Group operates and generates taxable income. StoneCo Ltd. is domiciled in Cayman and there is no income tax in that jurisdiction. The income earned by StoneCo Ltd. from its operations abroad can be subject to income tax at the main rate of 15%. The combined rate applied to all entities in Brazil is 34%, comprising the Corporate Income Tax (“IRPJ”) and the Social Contribution on Net Income (“CSLL”) on the taxable income of each Brazilian legal entity (not on a consolidated basis). The Group's Brazilian entities recognize IRPJ and CSLL on an accrual basis. According to Brazilian tax rules, our companies may offset the historical nominal amount of tax losses determined in prior years against results of subsequent years at any time (i.e., with no limitations with respect to time periods), provided that such offsetting does not exceed 30% of the annual taxable income of the fiscal period in which tax losses are utilized. Payments are made monthly, in anticipation of the amount which will be due by the year-end. 8.1.2. Deferred income and social contribution taxes Deferred tax assets or liabilities are obtained based on the differences between the tax bases of assets and liabilities and the amounts reported in the Consolidated statement of financial position at each period. Deferred tax assets may also be recognized over unused tax losses. Deferred tax assets are recognized only to the extent that it is probable that the Group's Brazilian entities will generate future taxable profits that will allow for their recovery. The expected realization of deferred tax assets is based on technical studies prepared by the Company that demonstrate expectation of future taxable profits according to management projections. The income tax and social contribution expense is recognized in the Consolidated statement of profit or loss under Income tax and social contribution, except when it refers to items recognized in other comprehensive income, in which case the related deferred tax assets or liabilities are also recognized against other comprehensive income. In this case, the Group presents these items in the Consolidated Statement of Other Comprehensive Income net of related tax effect. Management periodically evaluates positions taken in tax returns with respect to situations where applicable tax regulations are subject to interpretation and recognizes provisions, when appropriate. |
Property and equipment (Policie
Property and equipment (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Property and equipment | Accounting policy All property and equipment are stated at historical cost less accumulated depreciation and impairment losses, if any (see note 9.3 for more details). Historical cost includes expenditures that are directly attributable to the acquisition of the items and, if applicable, net of tax credits. Subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item is material and can be measured reliably. All other repairs and maintenance expenditures are charged to profit or loss during the period in which they are incurred. Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets. Assets’ residual values, useful lives and methods of depreciation are reviewed at each reporting date and adjusted prospectively, if appropriate. Gains and losses on disposals or derecognition are determined by comparing the disposal proceeds (if any) with the carrying amount and are recognized in profit or loss. The Group also derecognizes under ¨Disposal of property and equipment¨ Pin Pads & POS held by customers that are not being used in the last 180 or 360 days, depending on the category of customer. |
Intangible assets (Policies)
Intangible assets (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Intangible Assets [abstract] | |
Intangible assets, other than goodwill | Accounting policy 10.1.1. Initial recognition Certain direct development costs associated with internally developed software and software enhancements of the Group’s technology platform are capitalized. Capitalized costs, which occur post determination by management of technical feasibility, include external services and internal payroll costs. These costs are recorded as intangible assets along the development phase. Research and pre-feasibility development costs, as well as maintenance and training costs, are charged to profit or loss when incurred. Separately acquired intangible assets are measured at cost on initial recognition. The cost of intangible assets acquired in a business combination corresponds to their fair value at the acquisition date. 10.1.2. Subsequent recognition The useful lives of intangible assets are assessed as finite or indefinite. As of December 31, 2022 the Group holds only trademarks and patents and goodwill as indefinite life intangible assets. Intangible assets with finite useful lives are amortized over their estimated useful lives on a straight-line basis. Intangible assets with indefinite lives are not amortized. In both cases the intangible asset is tested for impairment whenever there is an indication that their carrying amount may not be recovered. For intangible assets with indefinite live, the impairment test is annually mandatory. The carrying amount of an intangible asset is composed by their cost net of accumulated amortization and any impairment losses recognized. The useful life and the method of amortization for intangible assets with finite lives are reviewed at least at the end of each fiscal year or when a change in the use pattern of the asset is identified. Changes in estimated useful lives or expected consumption of future economic benefits embodied in the assets are considered to modify the amortization period or method, as appropriate, and treated as changes in accounting estimates, with prospective effects. The amortization of intangible assets with definite lives is recognized in profit or loss in the expense category consistent with the use of intangible assets. Gains and losses resulting from the disposal or derecognition of intangible assets are measured as the difference between the net disposal proceeds (if any) and their carrying amount and are recognized in profit or loss. 10.1.3. Impairment test The Group performs the impairment test of the assets in the scope of IAS 36 when (i) it observes an indication that an asset may be impaired or (ii) annually, whenever the entity has non-ready-to-use assets or goodwill. Assets of the Group subject to IAS 36 are intangible assets (including goodwill), property and equipment and investments in associates. Assets are tested individually, whenever possible, or allocated to Cash Generating Units (“CGUs”) or groups of CGUs. For the purpose of goodwill impairment testing, goodwill is allocated to the CGU or groups of CGUs, that are expected to benefit from the synergies of the business combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those CGU or groups of CGUs. The impairment test consists in the comparison between (i) the carrying amount of the asset, CGU, or group of CGUs and (ii) its recoverable amount. The recoverable amount of an asset, CGU or groups of CGUs is the higher of (i) their fair value less costs of disposal and (ii) their value in use. If the carrying amount exceeds the recoverable amount an impairment loss is recognized. In determining fair value less costs of disposal, recent market transactions are considered. If no such transactions can be identified, an appropriate valuation model is used. These calculations are corroborated by valuation multiples, quoted share prices for publicly traded companies or other available fair value indicators. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Impairment losses of continuing operations are recognized in the statement of profit or loss in expense categories consistent with the function of the impaired asset. Impairment losses can be reversed in future periods, except impairment losses of goodwill. See Note 10.4 for details in the model and key assumptions adopted in the annual goodwill impairment test. |
Business combinations (Policies
Business combinations (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Business Combinations [Abstract] | |
Business combinations and goodwill | Accounting policy Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, including assets given, equity instruments issued, and liabilities incurred or assumed at the date of exchange, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquiree. For each business combination, the Group elects whether to measure non-controlling interests in the acquiree at fair value or on the basis of its proportionate share in the identifiable net assets of the acquiree. Costs directly attributable to the acquisition are expensed as incurred. The assets acquired and liabilities assumed are measured at fair value, classified, and allocated according to the contractual terms, economic circumstances, and relevant conditions as at the acquisition date. The Group identifies and measures the assets acquired and liabilities assumed by the value obtained in preliminary assessments at the acquisition date. The Group has up to 12 months after each of the acquisitions to conclude the assessment and frequently values the assets acquired and liabilities assumed with the assistance of independent specialists. When the valuation is finalized, the Company recognizes the difference between the preliminary amounts and the final amounts related to the acquisition on its statement of financial position and statement of profit or loss, as appropriated. Subsequent to the initial recognition of Property and equipment and Intangible assets identified, the Company accounts the depreciation and amortization by the method and useful lives defined at the initial recognition based on the preliminary assessments until the final assessments are available. Contingent liabilities recognized as of acquisition date are measured at fair value. Subsequently, until the liability is settled, cancelled or expires, they are recognized at the higher of the amount initially recognized or the amount that would be recognized under IAS 37. Any contingent consideration to be transferred by the acquirer will be recognized at fair value on acquisition date. Subsequent changes in the fair value of the contingent consideration treated as an asset or liability should be recognized in profit or loss. In order to evaluate the contingent consideration, the Group considers different probabilities of scenarios and discounted future contractual cash flows at the interest rates available in the market for similar financial instruments. Goodwill is measured as the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the fair value of net assets acquired. If the fair value of net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all assets acquired and all liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. After initial recognition, goodwill is measured at cost less any accumulated impairment losses. Goodwill indefinite useful life intangible assets recognized under business combination are tested for impairment at least annually at December 31 or whenever there is an indication that it may be impaired (see Note 10.4 for more details). |
Segment information (Policies)
Segment information (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Segment information | Accounting policy Until the second quarter of 2021, the Group evaluated the business as a single reportable segment. From the third quarter of 2021 onwards, due to the acquisition of Linx, and the complexity of the business, the Group began to have two operating and reportable segments: StoneCo (ex-Linx) and Linx, as the CODM reviewed and monitored operations and evaluated performance considering such separate views. Starting in the first quarter of 2022, in line with the strategy and organizational structure of the Group, the Group is presenting two reportable segments, namely “Financial Services” and “Software” and certain non allocated activities: • Financial services: Comprised of our financial services solutions which includes mainly payments solutions, digital banking, credit, insurance solutions as well as the registry business TAG. • Software: Comprised of two main activities (i) Core, which is comprised by POS/ERP solutions, TEF and QR Code gateways, reconciliation and CRM, and (ii) Digital, which includes OMS, e-commerce platforms, engagement tools, ads solutions and marketplace hubs. • Non allocated activities: Comprised of non-strategic businesses, including results on disposal / discontinuation of non-core businesses. The change in segments reflect changes in our internal organization with Financial Services and Software each representing strategic business units monitored separately and having a member of the leadership team responsible for such unit. The Group used and continues to use Adjusted net income (loss) as the measure reported to the CODM about the performance of each segment. The measurement of Adjusted net income (loss) from April 1, 2022 no longer adjust bond expenses (see Note 6.7.3.4) in the segmented statement of profit or loss. As such in the statement of profit or loss as from April 1, 2022 the bond expenses are included in the Financial Services segment. Information for prior periods (including the comparative periods and results from January 1, 2022 to March 31, 2022) have not been retroactively adjusted to reflect the new criteria. The effect in Adjusted net income of no longer excluding bond expenses from April 1, 2022 to December 31, 2022 amounts to R$305,122. In order to facilitate the comparison of segment result on a consistent basis, we present as additional information the segment statements of profit or loss: (i) of the year ended December 31, 2022 net income (loss) excluding bond expenses for the twelve-month-period, which was the criteria we used up to March 31, 2022, (ii) of the year ended December 31, 2022 net income (loss) not excluding such bond expenses for the twelve-month period, which is our current criteria , and (iii) of the year ended December 31, 2021 net income (loss) not excluding bond expenses for the twelve-month period, which is our current criteria. |
Operations (Tables)
Operations (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Schedule of recasted financial statements [Table Text Block] | The revised lines in the Statement of financial position are as follows: December 31, 2021 Adjustments December 31, 2021 Assets Current assets Recoverable taxes (a) 230,558 (15,721) 214,837 Total current assets 29,960,173 (15,721) 29,944,452 Non-current assets Deferred tax assets (b) 431,755 148,737 580,492 Intangible assets (c) 8,370,313 (92,795) 8,277,518 Total non-current assets 12,096,618 55,942 12,152,560 Total assets 42,056,791 40,221 42,097,012 Liabilities and equity Non-current liabilities Deferred tax liabilities (b) 617,445 12,466 629,911 Other liabilities (d) 348,458 (5,019) 343,439 Total non-current liabilities 5,672,500 7,447 5,679,947 Total liabilities 28,462,345 7,447 28,469,792 Equity Capital reserve (e) 14,516,767 24,365 14,541,132 Equity attributable to owners of the parent 13,512,081 24,365 13,536,446 Non-controlling interests (f) 82,365 8,409 90,774 Total equity 13,594,446 32,774 13,627,220 Total liabilities and equity 42,056,791 40,221 42,097,012 (a) The recoverability of tax credits previously recognized by Linx was reviewed. (b) The Group identified deferred tax liabilities in relation to the tax amortization of goodwill previously recognized by Linx on past business combinations. These amounts were derecognized on the consolidated financial statements due to the acquisition of Linx. A deferred tax asset related to the tax benefit over the remaining fiscal amortization of goodwill was recognized. Additionally, the deferred tax liabilities over identified intangible assets were reviewed. (c) The adjustments refer mainly to goodwill impacted by items (a) and (b) described above and a fair value of non-compete agreement signed with the Linx founders. Minor impacts refer to reviewed assessment of customer relationships, software, and trademarks and patents identified in the business combinations of SimplesVet, VHSYS, Trampolin, Collact and Linx. (d) The adjustments refer mainly to reviewed contingent consideration of SimplesVet and Trampolin. (e) The adjustments refer to the contingent consideration in the form of equity instruments originated from the non-compete agreement signed with the Linx founders. (f) The adjustments refer to the fair value of non-controlling interests in SimplesVet and VHSYS over the adjustments described in the item (c) above. |
Significant accounting polici_3
Significant accounting policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Significant Accounting Policies [Abstract] | |
Summary of Depreciation Method of Right of Use Assets | Right-of-use assets The Group recognizes right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. The estimated useful lives for the right-of-use assets are as follows: Estimated useful lives (years) Offices 1-10 Vehicles 1-3 Equipment 1-10 Software 1-3 If ownership of the leased asset is transferred to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. |
Group information (Tables)
Group information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Investments accounted for using equity method [abstract] | |
Disclosure of information about consolidated structured entities | The Group considers the FIDC AR III, FIDC TAPSO, FIDC TAPSO II, FIDC SOMA, FIDC SOMA III, FIC FIM STONECO and Fundo Retail to be structured entities that are controlled by the Group. The participation of the Group in each of them is stated as follows: Outstanding quotas held by the Group Fundo de Investimento em Direitos Creditórios - Bancos Emissores de Cartão de Crédito - Stone III ("FIDC AR III") 100% of subordinated quotas representing approximately 21% of total (subordinated and senior and/or mezzanine) quotas Tapso Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO") 100% of subordinated quotas representing approximately 99% of total (subordinated and senior and/or mezzanine) quotas Tapso II Fundo de Investimento em Direitos Creditórios ("FIDC TAPSO II") 100% of subordinated quotas representing total quotas SOMA Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA") 100% of subordinated quotas representing total quotas SOMA III Fundo de Investimentos em Direitos Creditórios Não Padronizados ("FIDC SOMA III") 100% of subordinated quotas representing total quotas Stoneco exclusivo Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado ("FIC FIM STONECO") 100% of all outstanding quotas of a single class Retail Renda Fixa Crédito Privado Fundo de Investimento ("Fundo Retail") 100% of all outstanding quotas of a single class |
Disclosure of subsidiaries [text block] | The consolidated financial statements of the Group include the following subsidiaries and structured entities: % of Group's equity interest Entity name Principal activities December 31, 2022 December 31, 2021 Stone Instituição de Pagamento S.A. (“Stone Pagamentos”) Merchant acquiring 100.00 100.00 MNLT S.A. (“MNLT”) Merchant acquiring 100.00 100.00 Pagar.me Instituição de Pagamento S.A. (“Pagar.me”) Merchant acquiring 100.00 100.00 PDCA S.A. (“PDCA”) (a) Merchant acquiring — 100.00 Stone Cartões Instituição de Pagamento S.A. (“Stone Cartões”) Merchant acquiring 100.00 100.00 Linx Pay Meios de Pagamento Ltda. (“Linx Pay”) Merchant acquiring 100.00 100.00 Stone Sociedade de Crédito Direto S.A. (“Stone SCD”) Financial services 100.00 100.00 TAG Tecnologia para o Sistema Financeiro S.A. ("TAG") Financial assets register 100.00 100.00 MAV Participações S.A. (“MVarandas”) (b) Technology services — 100.00 MLabs Software S.A. (“MLabs”) Technology services 51.50 51.50 Equals S.A. (“Equals”) Technology services 100.00 100.00 Questor Sistemas S.A. (“Questor”) Technology services 50.00 50.00 % of Group's equity interest Entity name Principal activities December 31, 2022 December 31, 2021 Sponte Informática S.A. (“Sponte”) (c) Technology services 100.00 90.00 SimplesVet Tecnologia S.A. (“SimplesVet”) (Note 21.4) Technology services 50.00 50.00 VHSYS Sistema de Gestão S.A. (“VHSYS”) (Note 21.4) Technology services 50.00 50.00 Trampolin Pagamentos S.A. (“Trampolin”) (Note 21.4) Technology services 100.00 100.00 Linx S.A. (“Linx”) (Note 21.4) Technology services 100.00 100.00 Linx Sistemas e Consultoria Ltda. (“Linx Sistemas”) (d) Technology services 100.00 100.00 Linx Telecomunicações Ltda. Technology services 100.00 100.00 Napse S.R.L. (“Napse Group”) Technology services 100.00 100.00 Napse Uruguay SAS (“Napse Group”) Technology services 100.00 — Sociedad Ingenería de Sistemas Napse I.T. de Chile Limitada (“Napse Group”) Technology services 100.00 100.00 Napse IT Peru S.R.L. (“Napse Group”) Technology services 100.00 100.00 Synthesis Holding LLC (“Napse Group”) Technology services 100.00 100.00 Synthesis US LLC (“Napse Group”) Technology services 100.00 100.00 Retail Americas Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) Technology services 100.00 100.00 Synthesis IT de México Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) Technology services 100.00 100.00 Mercadapp Soluções em Software Ltda ("Mercadapp") (e) Technology services — 100.00 Hiper Software S.A. ("Hiper") Technology services 100.00 100.00 Reclame Aqui LLC (“Reclame Aqui Group”) (Note 21.3) Technology services 50.00 — Obvio Brasil Software e Serviços S.A. (“Reclame Aqui Group”) (Note 21.3) Technology services 50.00 — O Mediador Tecnologia da Informação S/S Ltda (“Reclame Aqui Group”) (Note 21.3) Technology services 50.00 — Reclame Aqui Marcas e Serviços Ltda (“Reclame Aqui Group”) (Note 21.3) Technology services 50.00 — Hubcount Tecnologia S.A. (“Hubcount”) (f) (Note 21.3) Technology services 75.60 — Creditinfo Jamaica Ltd ("Creditinfo Caribbean") (g) Credit bureau services — 53.05 Creditinfo Guyana Ltd ("Creditinfo Caribbean") (g) Credit bureau services — 53.05 Creditinfo Barbados Ltd ("Creditinfo Caribbean") (g) Credit bureau services — 53.05 Buy4 Processamento de Pagamentos S.A. (“Buy4”) Processing card transactions 100.00 100.00 Buy4 Sub LLC ("Buy4 LLC") Cloud store card transactions 100.00 100.00 Vitta Corretora de Seguros Ltda. (“Vitta Group”) Insurance services 100.00 100.00 Stone Seguros S.A. (“Stone Seguros”) Insurance services 100.00 100.00 Vitta Tecnologia em Saúde S.A. (“Vitta Group”) Health services 100.00 100.00 Vitta Serviços em Saúde Ltda. (“Vitta Group”) Health services 100.00 100.00 Vitta Saúde Administradora de Benefícios Ltda. (“Vitta Group”) Health services 100.00 100.00 StoneCo Pagamentos UK Ltd. ("StoneCo UK") Service provider 100.00 100.00 Stone Logística Ltda. ("Stone Log") Logistic services 100.00 100.00 Collact Serviços Digitais S.A. (“Collact”) (h) Customer relationship management — 100.00 Stone Franchising Ltda. ("Franchising") Franchising management 100.00 100.00 Cappta S.A. (“Cappta”) Electronic fund transfer 59.60 58.48 Ametista Serviços Digitais Ltda. Electronic fund transfer 100.00 100.00 % of Group's equity interest Entity name Principal activities December 31, 2022 December 31, 2021 Esmeralda Serviços Digitais Ltda. Electronic fund transfer 100.00 100.00 Diamante Serviços Digitais Ltda. Electronic fund transfer 100.00 100.00 Safira Serviços Digitais Ltda. Electronic fund transfer 100.00 100.00 Fundo de Investimento em Direitos Creditórios - Bancos Emissores de Cartão de Crédito - Stone III (“FIDC AR III”) Investment fund 100.00 100.00 Tapso Fundo de Investimento em Direitos Creditórios (“FIDC TAPSO”) Investment fund 100.00 100.00 Tapso II Fundo de Investimentos em Direitos Creditórios (“FIDC TAPSO II”) Investment fund 100.00 100.00 SOMA Fundo de Investimento em Direitos Creditórios Não Padronizados (“FIDC SOMA”) Investment fund 100.00 100.00 SOMA III Fundo de Investimento em Direitos Creditórios Não Padronizados (“FIDC SOMA III”) Investment fund 100.00 100.00 Stoneco Exclusivo Fundo de Investimento em Cotas de Fundo de Investimento Multimercado Crédito Privado (“FIC FIM STONECO”) Investment fund 100.00 100.00 Retail Renda Fixa Crédito Privado Fundo de Investimento (“Retail Renda Fixa”) Investment fund 100.00 100.00 MPB Capital LLC ("MPB") Investment company 100.00 100.00 DLP Capital LLC ("DLP Cap") Holding company 100.00 100.00 DLPPar Participações S.A. (“DLPPar”) Holding company 100.00 100.00 Reclame Aqui Holding Ltd. (Note 21.3) Holding company 50.00 — STNE Participações S.A. ("STNE Par") Holding company 100.00 100.00 STNE Participações em Tecnologia S.A. ("STNE ParTec") Holding company 100.00 100.00 VittaPar LLC (“Vitta Group”) Holding company 100.00 100.00 StoneCo CI Ltd (g) Holding company — 53.05 Stone Holding Instituições S.A. (i) Holding company 100.00 — (a) PDCA was merged into Pagar.me on October 18, 2022. (b) MVarandas was merged into Linx Sistemas on April 1, 2022. (c) STNE Par acquired the remaining shares of Sponte on September 20, 2022. (d) Plugg.to was merged into Linx Sistemas on November 2, 2022. (e) Mercadapp was merged into Linx Sistemas on January 1, 2022. (f) STNE Par has a 50% equity in Questor and, on August 31, 2022, Questor acquired a 75.60% equity interest in Hubcount Tecnologia S.A. ("Hubcount"). (g) On October 18, 2022, the Group lost control of its subsidiary StoneCo CI and Creditinfo after a capital contribution by a new investor. The remaining interest of 47.75% held by the Group on Creditinfo is classified as an investment in an associate according to IAS 28. As result of the loss of control, in accordance with IFRS 10, the Group derecognized the assets and liabilities of Creditinfo. Additionally, the Group measured the remaining interest in Creditinfo at fair value, which resulted in a loss of R$8,584 recorded in the statement of profit or loss attributable to the Group as Other income (expenses), net. (h) Collact was merged into Stone Pagamentos on January 1, 2022. (i) On October 26, 2022, the Group created a new company, with the objective of holding equity interests in institutions authorized to operate by the Central Bank of Brazil (“BACEN”). |
Summary of associates | % Groups's equity interest Entity name Principal activities December 31, 2022 December 31, 2021 Alpha-Logo Serviços de Informática S.A. (“Tablet Cloud”) Technology services 25.00 25.00 Trinks Serviços de Internet S.A. (“Trinks”) Technology services 19.90 19.90 Neostore Desenvolvimento De Programas De Computador S.A. (“Neomode”) (a) Technology services 40.02 — RH Software S.A. (“RH Software”) (b) Technology services 20.00 — APP Sistemas S.A. (“APP”) Technology services 20.00 20.00 Delivery Much Tecnologia S.A. (“Delivery Much”) Food delivery marketplace 29.50 29.50 Creditinfo Jamaica Ltd (“Creditinfo Caribbean”) Credit bureau services 47.75 — Creditinfo Guyana Inc (“Creditinfo Caribbean”) Credit bureau services 47.75 — Creditadvice Barbados Ltd (“Creditinfo Caribbean”) Credit bureau services 47.75 — Creditinfo ECCU Ltd (“Creditinfo Caribbean”) Credit bureau services 47.75 — StoneCo CI Ltd Holding company 47.75 — (a) On July 2, 2021, our subsidiary Linx Sistemas signed an agreement to acquire an equity interest of 40% of the shares of Neostore Desenvolvimento de Programas de Computador SA (“Neomode”), through the execution of an Investment Agreement with the shareholders of Neomode. The acquisition was conditioned to Brazilian Antitrust Authority (“CADE”) approval, which occurred on November 19, 2021. The Group concluded the acquisition on January 7, 2022, through a capital increase of R$6,083 and loans conversion of R$875, totalizing a transferred consideration of R$6,958. (b) On May 2, 2022, the Group acquired a 20% equity interest in RH Software, a private company based in the State of São Paulo, Brazil, for R$2,320 through a loan agreement conversion. RH Software develops software directed to dental clinics, with which the Company expects to obtain synergies in its services to clients. The Group also holds a call option to acquire an additional equity interest in the period from 2 to 3 years counted from the date of closing of the agreement, which will allow the Group to acquire an additional 30% equity interest in RH Software. |
Cash and cash equivalents (Tabl
Cash and cash equivalents (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents [abstract] | |
Summary of cash and cash equivalents | 2022 2021 Denominated in R$ 1,388,616 4,431,019 Denominated in US$ 123,959 64,593 Denominated in other foreign currencies 29 33 1,512,604 4,495,645 |
Financial instruments (Tables)
Financial instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Schedule of Short-term Investments of financial instruments | Short and Long-term investments Short-term Long-term Listed securities Unlisted securities Listed securities Unlisted securities Balance at 12/31/2022 Bonds (a) 1,276,099 2,176,019 — — 3,452,118 Equity securities (b) — — 182,139 32,626 214,765 Investment funds (c) — 1,654 — — 1,654 1,276,099 2,177,673 182,139 32,626 3,668,537 Short-term Long-term Listed securities Unlisted securities Listed securities Unlisted securities Balance at 12/31/2021 Bonds (a) 645,826 1,336,344 — — 1,982,170 Equity securities (b) — — 1,215,791 22,685 1,238,476 Investment funds (c) — 10,867 — — 10,867 645,826 1,347,211 1,215,791 22,685 3,231,513 (a) Comprised of Brazilian Treasury Notes (“LFTs”), structured notes linked to LFTs and corporate bonds in the amount of R$923,098, R$2,159,938 and R$369,082 (2021 – R$344,032, R$1,336,344 and R$301,794) respectively, with maturities greater than three months, indexed to fixed and floating rates. As of December 31, 2022, bonds of listed companies are mainly indexed to fixed rates in USD and hedged to Brazilian reais using Non Deliverable Forwards (NDFs). (b) Comprised of ordinary shares of listed and unlisted entities. These assets are measured at fair value, and the Group elected asset by asset the recognition of the changes in fair value of the existing listed and unlisted equity instruments through profit or loss (“FVPL”) or other comprehensive income (“FVOCI”). Fair value of unlisted equity instruments as of December 31, 2022, was determined based on negotiations of the securities. • Assets at FVPL Comprised of Banco Inter S.A. (“Banco Inter”)´s shares, acquired on June, 2021. The change in fair value of equity securities at FVPL for December 31, 2022 was a loss of R$853,056 (December 31, 2021 was a loss of R$1,264,213). which was recognized in the statement of profit or loss. • Assets as FVOCI On December 31, 2022 and 2021, comprised mainly of ordinary shares in entities that are not traded in an active market. The change in fair value of equity securities at FVOCI for the year ended December 31, 2022 was R$ (6,971) (December 31, 2021 – R$ 216,466), which was recognized in other comprehensive income. (c) Comprised of foreign investment fund shares. Short-term investments are denominated in Brazilian reais and U.S. dollars. |
Schedule of composition of accounts receivable from card issuers | Accounts receivable are amounts due from card issuers and acquirers regarding the transactions of clients with card holders, performed in the ordinary course of business. 2022 2021 Accounts receivable from card issuers (a) 20,053,392 18,865,658 Accounts receivable from other acquirers (b) 718,228 436,035 Allowance for expected credit losses (22,763) (15,103) 20,748,857 19,286,590 Current 20,694,523 19,286,590 Non-current 54,334 — (a) Accounts receivable from card issuers, net of interchange fees, as a result of processing transactions with clients. |
Schedule of allowance for expected credit losses of accounts receivable from card issuers | Allowance for expected credit losses of accounts receivable from card issuers 2022 2021 At January 1 15,103 12,765 Charge for the year 22,818 8,820 Reversal (15,158) (6,482) At December 31 22,763 15,103 |
Schedule of composition of trade accounts receivable | Trade accounts receivables are amounts due from clients mainly related to subscription services and equipment rental. 2022 2021 Accounts receivable from subscription services 294,516 232,109 Accounts receivable from equipment rental 135,479 159,771 Loans designated at FVPL 26,866 511,240 Chargeback 58,302 26,783 Receivables from registry operation 35,150 41,449 Services rendered 36,089 13,388 Others 44,078 41,399 Allowance for expected credit losses (108,434) (80,418) 522,046 945,721 Current 484,722 886,126 Non-current 37,324 59,595 The Group records an allowance for expected credit losses of trade accounts receivable based on an expected credit loss model covering history of defaults and the expected nature and level of risk associated with receivables. See Notes 6.1.1.5 and 6.2.1.2 for further details. 6.5.2. Allowance for expected credit losses of trade accounts receivable 2022 2021 At January 1 80,418 32,463 Business combination (a) — 10,401 Charge for the year 94,093 73,510 Reversal (13,181) (3,876) Write-off (52,896) (32,080) At December 31 108,434 80,418 (a) Refers to Linx acquisition (Note 21.4). |
Schedule of Loans and Financing | Composition of loans and financing and obligations to FIDC quota holders Average annual interest rate % Original maturity Current portion Non-current portion December 31, 2022 Obligations to FIDC AR III quota holders (6.7.3.1) CDI Rate* + 1.50% Aug/23 952,780 — 952,780 Obligations to FIDC TAPSO quota holders (6.7.3.2) CDI Rate* + 1.80% Feb/23 22,468 — 22,468 Obligations to FIDC quota holders 975,248 — 975,248 Leases (6.7.3.3) 105.1% to 151.8% of CDI Rate* Jan/23 to Jun/29 55,583 144,564 200,147 Bonds (6.7.3.4) 3.95% USD Jun/28 4,007 2,583,861 2,587,868 Bank borrowings (6.7.3.5) CDI + 0.95%. to CDI + 1.44% Three to eighteen months 1,787,817 45 1,787,862 Loans and financing 1,847,407 2,728,470 4,575,877 2,822,655 2,728,470 5,551,125 Average annual interest rate % Maturity Current portion Non-current portion December 31, 2021 Obligations to FIDC AR III quota holders (6.7.3.1) CDI Rate* + 1.50% Aug/23 1,273,675 932,368 2,206,043 Obligations to FIDC TAPSO quota holders (6.7.3.2) CDI Rate* + 1.50% Mar/22 21,131 — 21,131 Obligations to FIDC TAPSO quota holders 1,294,806 932,368 2,227,174 Leases (6.7.3.3) 105.7% to 151.8% of CDI Rate* Jan/22 to Jun/29 66,531 206,924 273,455 Bonds (6.7.3.4) 3.95% USD Jun/28 4,592 2,760,018 2,764,610 Bank borrowings (6.7.3.5) CDI + 0.75% to CDI + 1.50% Three to eighteen months 2,108,123 589,518 2,697,641 Debentures (6.7.3.6) 109.0% of CDI Rate* Jul/22 399,509 — 399,509 Loans and financing 2,578,755 3,556,460 6,135,215 3,873,561 4,488,828 8,362,389 (*) “CDI Rate” means the Brazilian interbank deposit (Certificado de Depósito Interbancário) rate, which is an average of interbank overnight rates in Brazil, the average rate of 2022 was 12.38% (2021 – 4.42%). |
Schedule of changes in loans and financing and obligations to FIDC quota holders | Changes in loans and financing and obligations to FIDC quota holders Balance at 12/31/2021 Additions Disposals Payment Business Combination Changes in Exchange Rates Interest Balance at 12/31/2022 Obligations to FIDC AR III quota holders (Note 6.7.3.1) 2,206,043 — — (1,461,058) — — 207,795 952,780 Obligations to FIDC TAPSO quota holders (Note 6.7.3.2) 21,131 — — (1,515) — — 2,852 22,468 Leases (Note 6.7.3.3) 273,455 64,658 (52,913) (99,829) — 176 14,600 200,147 Bonds (Note 6.7.3.4) 2,764,610 — — (103,134) — (185,153) 110,980 2,587,303 Bank borrowings (Note 6.7.3.5) 2,697,641 3,499,986 — (4,702,769) 4,464 — 289,105 1,788,427 Debentures (Note 6.7.3.6) 399,509 — — (421,691) — — 22,182 — 8,362,389 3,564,644 (52,913) (6,789,996) 4,464 (184,977) 647,514 5,551,125 Balance at 12/31/2020 Additions Disposals Payment Business Combination Changes in Exchange Rates Interest Balance at 12/31/2021 Obligations to FIDC AR III quota holders (Note 6.7.3.1) 4,114,315 — — (2,064,720) — — 156,448 2,206,043 Obligations to FIDC TAPSO quota holders (Note 6.7.3.2) 20,476 — — (708) — — 1,363 21,131 Obligations to FIDC SOMA III quota holders 239,759 584,191 — (864,747) — — 40,797 — Leases (Note 6.7.3.3) 174,861 92,802 (14,474) (83,610) 88,879 62 14,935 273,455 Bonds (Note 6.7.3.4) — 2,477,408 — (55,497) — 282,580 60,119 2,764,610 Bank borrowings (Note 6.7.3.5) 390,830 9,222,889 — (7,294,101) 258,797 — 119,226 2,697,641 Loans with private entities 745,051 — — (770,372) — — 25,321 — Debentures (Note 6.7.3.6) 398,358 — — (17,596) — — 18,747 399,509 6,083,650 12,377,290 (14,474) (11,151,351) 347,676 282,642 436,956 8,362,389 |
Schedule of Derivative financial instruments, net | Derivative financial instruments, net 2022 2021 Cross-currency interest rate swap used as hedge accounting instrument (Note 6.8.1) (190,902) 201,202 Non-deliverable forward used as economic hedge instrument (Note 6.8.2) (6,395) (14,166) Call options to acquire additional interest in subsidiaries 23,983 9,044 Derivative financial instruments, net (173,314) 196,080 |
Schedule of hedge accounting of financial instruments | The details of the cross-currency swaps and the position of asset, liability and equity as of December 31, 2022, are presented as follows. Notional in US$ Notional in R$ Pay rate in local currency Trade date Due date Fair value as of December 31, 2022 – Asset (Liability) Loss recognized in income in 2022 (a) Loss recognized in OCI in 2022 (b) Fair value as of December 31, 2021 – Asset (Liability) 50,000 248,500 CDI + 2.94% June 23, 2021 June 16, 2028 (15,274) (46,230) (22,526) 25,736 50,000 247,000 CDI + 2.90% June 24, 2021 June 16, 2028 (14,836) (52,821) (22,168) 25,814 50,000 248,500 CDI + 2.90% June 24, 2021 June 16, 2028 (15,961) (45,443) (21,785) 24,307 75,000 375,263 CDI + 2.99% June 30, 2021 June 16, 2028 (26,179) (53,814) (31,664) 33,213 50,000 250,700 CDI + 2.99% June 30, 2021 June 16, 2028 (17,846) (38,391) (20,976) 21,615 50,000 250,110 CDI + 2.98% June 30, 2021 June 16, 2028 (17,403) (45,649) (21,126) 22,209 25,000 127,353 CDI + 2.99% July 15, 2021 June 16, 2028 (10,374) (30,233) (10,042) 8,912 25,000 127,353 CDI + 2.99% July 15, 2021 June 16, 2028 (10,455) (23,493) (9,954) 8,744 50,000 259,890 CDI + 2.96% July 16, 2021 June 16, 2028 (24,793) (39,158) (18,587) 12,290 25,000 131,025 CDI + 3.00% August 6, 2021 June 16, 2028 (12,101) (30,378) (9,661) 5,654 25,000 130,033 CDI + 2.85% August 10, 2021 June 16, 2028 (12,917) (30,379) (9,321) 6,808 25,000 130,878 CDI + 2.81% August 11, 2021 June 16, 2028 (12,763) (23,300) (9,412) 5,900 Net amount (190,902) (459,289) (207,222) 201,202 (a) Recognized in the statement of profit or loss, in “Financial expenses, net”. The amount recognized in 2021 was a gain of R$ 255,346 (b) Recognized in equity, in “Other comprehensive income”. The balance in the cash flow hedge reserve as of December 31, 2022 is a loss of R$ 261,366 (2021 - loss of R$ 54,144). |
Schedule of Risk Assessment, Value-at-Risk and Scenario Analysis | The Group conducts a study on how market variables would impact the group’s financial statements based on Historical Value at Risk models. Risk Factor Asset/ Liability VaR VaR VaR Interest Rates Accounts receivables from credit card issuers, Accounts payables to clients and interest rate swaps 123 491 575 Foreign Currency Exchange USD denominated asset/liabilities/derivatives 764 2,443 6,881 Equity Prices (a) Traded Securities 19,355 43,730 99,469 (a) The Group holds equity stakes of Banco Inter S.A. (B3: BIDI3; BIDI4; BIDI11). The VaR figures are calculated based on historical data and are suited to estimate the potential financial loss incurred by the company using a level of confidence of 95% on normal market conditions. |
Schedule of liquidity risk of financial instruments | The amounts disclosed in the table are the contractual undiscounted cash flows. Less than one year Between 1 and 2 years Between 2 and 5 years Over 5 years At December 31, 2022 Deposits from banking customers 4,023,679 — — — Accounts payable to clients 16,542,963 35,775 Trade accounts payable 596,044 — — — Loans and financing 2,255,110 431,180 1,231,989 2,729,500 Obligations to FIDC quota holders 1,028,562 — — — Other liabilities 145,605 268,544 — 24,591,963 735,499 1,231,989 2,729,500 At December 31, 2021 Deposits from banking customers 2,201,861 — — — Accounts payable to clients 15,720,159 3,172 — — Trade accounts payable 372,547 — — — Loans and financing 2,924,513 983,537 860,578 2,963,804 Obligations to FIDC quota holders 1,443,868 985,229 — — Other liabilities 145,500 32,501 340,144 — 22,808,448 2,004,439 1,200,722 2,963,804 |
Disclosure of financial instruments by category | Financial instruments by category Amortized cost FVPL FVOCI Total At December 31, 2022 Short and Long-term investments — 3,636,687 31,850 3,668,537 Financial assets from banking solution — 3,960,871 — 3,960,871 Accounts receivable from card issuers 6,992 — 20,741,865 20,748,857 Trade accounts receivable 495,180 26,866 — 522,046 Derivative financial instruments (a) — 36,400 — 36,400 Receivables from related parties 10,053 — — 10,053 Other assets 341,200 — — 341,200 853,425 7,660,824 20,773,715 29,287,964 At December 31, 2021 Short and Long-term investments — 3,209,604 21,909 3,231,513 Financial assets from banking solution — 2,346,474 — 2,346,474 Accounts receivable from card issuers 132,605 — 19,153,985 19,286,590 Trade accounts receivable 434,481 511,240 — 945,721 Derivative financial instruments (a) — 219,324 — 219,324 Receivables from related parties 4,720 — — 4,720 Other assets 474,557 — — 474,557 1,046,363 6,286,642 19,175,894 26,508,899 (a) Derivative financial instruments as of December 31, 2022 of R$190,902) (December 31, 2021 – R$201,202) were designated as cash flow hedging instruments, and therefore the effective portion of the hedge is accounted for in the OCI. Amortized cost FVPL Total At December 31, 2022 Deposits from banking customers 4,023,679 — 4,023,679 Accounts payable to clients 16,614,513 — 16,614,513 Trade accounts payable 596,044 — 596,044 Loans and financing 4,575,877 — 4,575,877 Obligations to FIDC quota holders 975,248 — 975,248 Derivative financial instruments — 209,714 209,714 Other liabilities 144,893 611,279 756,172 26,930,254 820,993 27,751,247 At December 31, 2021 Deposits from banking customers 2,201,861 — 2,201,861 Accounts payable to clients 15,726,503 — 15,726,503 Trade accounts payable 372,547 — 372,547 Loans and financing 6,135,215 — 6,135,215 Obligations to FIDC quota holders 2,227,174 — 2,227,174 Derivative financial instruments — 23,244 23,244 Other liabilities 165,502 328,456 493,958 26,828,802 351,700 27,180,502 |
Schedule of Class Between Book Value And Fair Value Of The Financial Instruments (Details) | The table below presents a comparison by class between book value and fair value of the financial instruments of the Group, other than those with carrying amounts that are reasonable approximations of fair values: 2022 2021 Book value Fair value Hierarchy level Book value Fair value Hierarchy level Financial assets Short and Long-term investments (a) 3,668,537 3,668,537 I /II 3,231,513 3,231,513 I /II Financial assets from banking solution (e) 3,960,871 3,960,871 I 2,346,474 2,346,474 I Accounts receivable from card issuers (b) 20,748,857 20,748,668 II 19,286,590 19,283,921 II Trade accounts receivable (c)(d) 522,046 522,046 II / III 945,721 945,721 II / III Derivative financial instruments (f) 36,400 36,400 II 219,324 219,324 II Receivables from related parties (c) 10,053 10,053 II 4,720 4,720 II Other assets (c) 341,200 341,200 II 474,557 474,557 II 29,287,964 29,287,775 26,508,899 26,506,230 Financial liabilities Deposits from banking customers (g) 4,023,679 4,023,679 II 2,201,861 2,201,861 II Accounts payable to clients (i) 16,614,513 16,025,373 II 15,726,503 14,628,794 II Trade accounts payable 596,044 596,044 II 372,547 372,547 II Loans and financing (h) 4,575,877 4,564,864 II 6,135,215 6,121,966 II Obligations to FIDC quota holders (h) 975,248 973,614 II 2,227,174 2,324,553 II Derivative financial instruments (f) 209,714 209,714 II 23,244 23,244 II Other liabilities (c)(j)(k) 756,172 756,172 II/III 493,958 490,634 II/III 27,751,247 27,149,460 27,180,502 26,163,599 (a) Listed securities are classified as level I and unlisted securities classified as level II, for those the fair value is determined using valuation techniques, which employ the use of market observable inputs. (b) For Accounts receivable from card issuers measured at FVOCI, fair value is estimated by discounting future cash flows using market rates for similar items. For those measured at amortized cost, carrying values are assumed to approximate their fair values, taking into consideration that the realization of these balances and short settlement terms. (c) The carrying values of Trade accounts receivable, Receivables from related parties, Other assets, Trade accounts payable and Other liabilities are assumed to approximate their fair values, taking into consideration that the realization of these balances, and settlement terms do not exceed 60 days. (d) Included in Trade accounts receivable there are Loans designated at FVPL with an amount of R$ 26,866 . As of December 31, 2022, this portfolio registered a gain of R$7,902 (loss of R$381,430 - December 31, 2021), and total net cashflow effect was an inflow of R$ 496,600 (R$754,015 - December 31, 2021). Loans fair value are valued using valuation techniques, which employ the use of market unobservable inputs, and therefore is classified as level III in the hierarchy level. 2022 2021 At January 1 511,240 1,646,685 Disbursements — 1,155,921 Collections (496,600) (1,909,936) Interest income recognized in the statement of profit or loss as Financial Income 338,717 924,775 Fair value recognized in the statement of profit or loss as Financial income (326,491) (1,306,205) At December 31 26,866 511,240 The significant unobservable inputs used in the fair value measurement of Loans designated at FVPL categorized within Level III of the fair value hierarchy, are the expected loss rate and the discount rate used to evaluate the asset. To calculate expected loss rate, the Company considers a list of assumptions, the main being: an individual projection of client’s transactions, the probability of each contract to default and scenarios of recovery. These main inputs are periodically reviewed, or when there is an event that may affect the probabilities and curves applied to the portfolio. In determining the discount rate, we consider that the rate should be a current rate commensurate with the nature of the loan portfolio and the valuation method used. When rates for actual recent transactions are available and appropriate to reflect the interest rate as of the measurement date, we consider those rates. When such rates are not available, we also obtain non-binding quotes. Based on all available information we make a judgment as to the rate to be used. In prior periods we used the interest rate that we paid to senior holders of FIDCs on recent transactions. Considering we did not raise funding through FIDCs since February 2021 and the changes observed in the benchmark interest rate in Brazil and in the credit markets we currently build an interest rate curve for unsecured loans granted to us based on recent loans obtained and in quotes from financial institutions. The Group has performed sensitivity analysis considering an increase of 100 basis points in discount rate combined with a decrease of 15% in recovery curve. The result of the combined effect of both changes was a decrease of Loans designated at FVPL in the total amount of R$ 2,301. (e) Sovereign bonds are priced using quotations from Anbima public pricing method. (f) The Group enters into derivative financial instruments with financial institutions with investment grade credit ratings. Derivative financial instruments are valued using valuation techniques, which employ the use of market observable inputs. (g) The fair value of deposits from banking customers is assumed to approximate their amortized cost considering the immediate liquidity due to costumers’ payment account deposits. (h) The fair values of Loans and financing, and Obligations to FIDC quota holders are estimated by discounting future contractual cash flows at the interest rates available in the market that are available to the Group for similar financial instruments. (i) The fair value of Accounts payable to clients is estimated by discounting future contractual cash flows at the average of interest rates applicable in prepayment business. (j) There are contingent considerations included in Other liabilities arising on business combinations that are measured at FVPL. Fair values are estimated in accordance with pre-determined formulas explicit in the contracts with selling shareholders. The significant unobservable inputs used in the fair value measurement of contingent consideration categorized within Level III of the fair value hierarchy are based on projections of revenue, net debt, number of clients, net margin and the discount rates used to evaluate the liability. The movement and balance of the contingent consideration are as follows: 2022 2021 At January 1 328,456 269,162 Additions (Note 21.3.4) 39,974 41,666 Balance arising from business combination — 14,605 Remeasurement at fair value recognized in the statement of financial position as Intangible assets – Goodwill — 1,759 Remeasurement at fair value recognized in the statement of profit or loss as Other income (expenses), net (42,830) (9,881) Payments (32,157) (4,000) Interest recognized in the statement of profit or loss as Financial expenses, net 16,413 15,145 At December 31 309,856 328,456 The Group has performed sensitivity analysis of contingent consideration considering an increase of 10% and a decrease of 10% in projections of revenue and EBITDA. The result would be an increase of this liability in the amount of R$ 50,425 considering increase in unobservable inputs and a decrease of this liability in the amount of R$ 49,940 considering decrease in unobservable inputs. (k) The Group issued put options over Reclame Aqui’s non-controlling interests, together with business combination (Note 21.3). The Company does not have a present ownership interest in the shares held by non-controlling shareholders, so the Group has elected as accounting policy for such put options to derecognize the non-controlling interests at each reporting date as if it was acquired at that date and recognize a financial liability at the present value of the amount payable on exercise of the non-controlling interests put option. The difference between the amount recognized as financial liability and the non-controlling interests derecognized at each period is recognized as an equity transaction. The amount of R$ 264,291 was recorded in the consolidated statement of financial position as of December 31, 2022 as a financial liability under Other liabilities (2021 - nil). As of December 31, 2022 and December 31, 2021, there were no transfers between the fair value measurements of Level I and Level II and between the fair value measurements of Level II and Level III. |
Schedule of Adjusted Net Cash (Details) | The adjusted net cash as of December 31, 2022 and 2021 was as follows: 2022 2021 (Recasted) Cash and cash equivalents 1,512,604 4,495,645 Financial assets from banking solution 3,960,871 2,346,474 Short-term investments 3,453,772 1,993,037 Accounts receivable from card issuers 20,748,857 19,286,590 Derivative financial instruments (a) 12,418 210,280 Adjusted cash 29,688,522 28,332,026 Accounts payable to clients (16,614,513) (15,726,502) Loans and financing (b) (4,375,730) (5,861,760) Deposits from banking customers (4,023,679) (2,201,861) Obligations to FIDC quota holders (975,248) (2,227,174) Derivative financial instruments (209,714) (23,244) Adjusted debt (26,198,884) (26,040,541) Adjusted net cash 3,489,638 2,291,485 (a) Refers to economic hedge of cash and cash equivalents and short-term investments denominated in U.S. dollars; (b) Loans and financing exclude the effects of leases liabilities recognized under IFRS 16. Although capital is managed considering the consolidated position, the subsidiaries Stone Pagamentos and Stone SCD maintain a minimum equity. Stone Pagamentos Stone Pagamentos must permanently maintain minimum equity in an amount corresponding to specific volume of transactions executed by it or the balance of electronic currencies issued by the institution, following the requirements of Circular BCB nº 3,681/13, which is valid until June 30, 2023. As from July 1, 2023, Circular BCB nº 3,681/13 will be replaced by several rules, which are aligned with the regulatory requirements pursuant to the Basel Accords. Under new regulation, minimum required capital is calculated based on risk weighted assets. On December 31, 2022 Stone Pagamentos equity is R$1,273,363, which is higher than the required equity of R$615,181. Stone SCD Stone SCD is classified as S5 Segment under BACEN rules, for which simpler rules of capital requirements apply. Stone SCD must permanently maintain minimum equity in an amount corresponding to 17% of its risk weighted assets, following the requirements of Resolução CMN nº 4,606/17. On December 31, 2022 Stone SCD equity is R$693,091, which is higher than the required equity of R$112,119. |
Recoverable taxes (Tables)
Recoverable taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Recoverable Taxes [abstract] | |
Schedule of Recoverable Taxes | December 31, 2022 December 31, 2021 Withholding income tax on finance income (a) 87,701 85,942 Income tax and social contribution 9,872 65,773 Others withholding income tax 36,212 30,454 Contributions over revenue (b) 3,410 24,076 Other taxes 13,761 8,592 150,956 214,837 (a) Refers to income taxes withheld on financial income which will be offset against future income tax payable. |
Income taxes (Tables)
Income taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |
Summary of Reconciliation of Income Tax Expense to Profit (Loss) | The following is a reconciliation of income tax expense to profit (loss) for the year, calculated by applying the combined Brazilian statutory rates at 34% for the years ended December 31, 2022, 2021 and 2020: 2022 2021 2020 Profit (loss) before income taxes (387,290) (1,445,554) 1,127,662 Brazilian statutory rate 34 % 34 % 34 % Tax benefit/(expense) at the statutory rate 131,679 491,488 (383,405) Additions (exclusions): Profit (loss) from entities subject to different tax rates 48,594 3,931 98,376 Profit (loss) from entities subject to different tax rates - Mark-to-market on equity securities designated at FVPL (290,039) (429,832) — Other permanent differences (10,609) 4,325 (4,777) Equity pickup on associates (1,220) (3,548) (2,359) Unrecorded deferred taxes (33,465) (40,165) (31,531) Previously unrecognized on deferred income tax (temporary and tax losses) 1,292 22,492 — Unrealized gain on previously held interest on acquisition — 6,161 1,017 Interest payments on net equity 560 5,933 12,276 R&D Tax Benefits 10,275 4,688 13,107 Other tax incentives 3,827 2,733 7,080 Total income tax and social contribution benefit/(expense) (139,106) 68,206 (290,216) Effective tax rate (36 %) 5 % 26 % Current income tax and social contribution (292,172) (171,621) (216,886) Deferred income tax and social contribution 153,066 239,827 (73,330) Total income tax and social contribution benefit/(expense) (139,106) 68,206 (290,216) |
Schedule of Net Changes in Deferred Income Taxes | December 31, 2021 (Recasted) Recognized against other comprehensive income Recognized against profit or loss Recognized against goodwill December 31, Assets at FVOCI 127,335 88,395 — — 215,730 Losses available for offsetting against future taxable income 317,725 — 67,909 — 385,634 Other temporary differences 107,364 — 166,261 — 273,625 Tax deductible goodwill 111,298 — (42,281) — 69,017 Share-based compensation 41,150 — 17,665 — 58,815 Contingencies arising from business combinations 48,284 — 3,029 — 51,313 Assets at FVPL (4,583) — 3,590 — (993) Technological innovation benefit (18,493) — (13,064) — (31,557) Temporary differences under FIDC (69,556) — (78,368) — (147,924) Intangible assets and property and equipment arising from business combinations (709,943) — 28,325 (12,318) (693,936) Deferred tax, net (49,419) 88,395 153,066 (12,318) 179,724 |
Property and equipment (Tables)
Property and equipment (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, plant and equipment [abstract] | |
Estimated Useful Lives of Property, Plant and Equipment | The estimated useful lives for the Property and equipment are as follows: Estimated useful lives (years) Pin Pads & POS 5 IT equipment 3 – 10 Facilities 3 – 14 Property 34 Furniture and fixtures 3 – 10 Machinery and equipment 5 – 14 Vehicles and airplanes 2 – 10 |
Summary of Property and Equipment | Changes in Property and equipment Balance at 12/31/2021 Additions Disposals (a) Effects of hyperinflation (IAS 29) Effects of changes in foreign exchange rates (IAS 21) Business combination Balance at 12/31/2022 Cost Pin Pads & POS 1,498,271 569,895 (119,784) — — — 1,948,382 IT equipment 246,543 19,807 (5,322) — 25 1,352 262,405 Facilities 90,186 5,005 (2,949) (285) (137) — 91,820 Machinery and equipment 25,776 5,445 (11,520) 186 3,610 24 23,521 Furniture and fixtures 24,754 1,123 (1,849) 1 3 118 24,150 Vehicles and airplane 43,586 97 (16,433) 87 (41) — 27,296 Construction in progress 14,078 43,652 (7,410) — — — 50,320 Right-of-use assets - equipment 4,629 194 — — — — 4,823 Right-of-use assets - vehicles 31,547 18,171 (5,924) — — — 43,794 Right-of-use assets - offices 238,329 28,817 (61,314) (211) (171) — 205,450 2,217,699 692,206 (232,505) (222) 3,289 1,494 2,681,961 Depreciation Pin Pads & POS (438,346) (379,442) 77,320 — — — (740,468) IT equipment (95,553) (55,803) 5,968 — (18) — (145,406) Facilities (25,066) (13,497) 726 — 98 — (37,739) Machinery and equipment (17,861) (4,613) 3,792 — 111 — (18,571) Furniture and fixtures (5,516) (2,424) 890 — (4) — (7,054) Vehicles and airplane (2,498) (3,534) 3,593 — 2 — (2,437) Right-of-use assets - equipment (505) (526) — — — — (1,031) Right-of-use assets - Vehicles (14,187) (13,125) 5,649 — — — (21,663) Right-of-use assets - Offices (48,647) (40,449) 22,682 — — — (66,414) (648,179) (513,413) 120,620 — 189 — (1,040,783) Property and equipment, net 1,569,520 178,793 (111,885) (222) 3,478 1,494 1,641,178 (a) Includes Pin Pad & POS derecognized for not being used by customers after a period of time. Balance at 12/31/2020 Additions Disposals Transfers Effects of hyperinflation (IAS 29) Business combination Balance at 12/31/2021 Cost Pin Pads & POS 736,775 851,106 (107,555) — — 17,945 1,498,271 IT equipment 128,244 78,139 (4,229) (2,747) — 47,136 246,543 Facilities 40,524 14,011 (4,282) 2,818 (8) 37,123 90,186 Machinery and equipment 18,242 1,496 (126) 2,683 30 3,451 25,776 Furniture and fixtures 14,629 2,858 (819) 64 8 8,014 24,754 Vehicles and airplane 16,261 30,594 (13,058) — 43 9,746 43,586 Construction in progress 81 20,197 (5,255) (2,818) — 1,873 14,078 Right-of-use assets - equipment — 536 (854) 4,947 4,629 Right-of-use assets - vehicles 20,007 13,670 (2,130) — — — 31,547 Right-of-use assets - offices 126,571 73,506 (35,144) — — 73,396 238,329 1,101,334 1,086,113 (173,452) — 73 203,631 2,217,699 Depreciation Pin Pads & POS (248,704) (204,355) 14,713 — — — (438,346) IT equipment (57,801) (40,092) 2,340 — — — (95,553) Facilities (17,180) (9,306) 1,420 — — — (25,066) Machinery and equipment (14,140) (3,756) 35 — — — (17,861) Furniture and fixtures (3,882) (1,821) 187 — — — (5,516) Vehicles and airplane (1,544) (5,227) 4,273 — — — (2,498) Right-of-use assets - equipment — (505) — — — — (505) Right-of-use assets - Vehicles (6,906) (8,545) 1,264 — — — (14,187) Right-of-use assets - Offices (33,943) (37,023) 22,319 — — — (48,647) (384,100) (310,630) 46,551 — — — (648,179) Property and equipment, net 717,234 775,483 (126,901) — 73 203,631 1,569,520 |
Summary of Depreciation and Amortization Expenses | Depreciation and amortization expense has been charged in the following line items of the consolidated statement of profit or loss: 2022 2021 2020 Cost of services 529,793 299,240 162,202 General and administrative expenses 226,353 161,331 59,593 Selling expenses 43,879 46,798 34,499 Other income (expenses), net 301 — — Depreciation and Amortization charges 800,326 507,369 256,294 Depreciation charge 513,413 310,630 185,335 Amortization charge (Notes 10.3) 286,913 196,739 70,959 Depreciation and Amortization charges 800,326 507,369 256,294 |
Intangible assets (Tables)
Intangible assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Intangible Assets [abstract] | |
Disclosure of detailed information about intangible assets [text block] | The useful lives for the intangible assets are presented below: Estimated useful lives (years) Software 3 – 10 Customer relationship 2 – 34.5 Trademarks and patents 7 – 30.90 Non-compete agreement 5 Licenses 1 – 5 |
Summary of Intangible Assets | Balance at 12/31/2021 Additions Disposals Transfers Effects of hyperinflation Effects of changes in foreign exchange rates (IAS 21) Business combination Balance at 12/31/2022 Cost Goodwill - acquisition of subsidiaries 5,591,489 — (22,774) — — (12,111) 90,817 5,647,421 Customer relationship 1,747,444 21,075 (4,015) — — (152) 29,053 1,793,405 Trademarks and patents (a) 262,036 — — — — — 288,964 551,000 Software 1,066,470 207,086 (170,997) 17,117 1,754 (4,480) 45,361 1,162,311 Non-compete agreement 26,024 — — — — — — 26,024 Operating license 12,443 — (6,073) — — (696) — 5,674 Software in progress 43,960 43,115 (3,138) (17,117) — — — 66,820 Right-of-use assets - Software 72,463 16,728 (937) — — — — 88,254 8,822,329 288,004 (207,934) — 1,754 (17,439) 454,195 9,340,909 Amortization Customer relationship (217,090) (73,897) 9,650 — — 3,305 — (278,032) Trademarks and patents (a) (6,908) (3,908) — — — — — (10,816) Software (264,399) (174,358) 100,754 — — 68 — (337,935) Non-compete agreement (1,106) (6,645) — — — — — (7,751) Operating license (10,854) (3,801) 6,073 — — 2,474 — (6,108) Right-of-use assets - Software (44,454) (24,304) 823 — — — — (67,935) (544,811) (286,913) 117,300 — — 5,847 — (708,577) Intangible assets net 8,277,518 1,091 (90,634) — 1,754 (11,592) 454,195 8,632,332 (a) As of December 31, 2022, the amount of R$ 214,728 refers to indefinite useful-life Trademarks and patents. Balance at 12/31/2020 Additions Disposals Transfers Effects of hyperinflation Effects of changes in foreign exchange rates (IAS 21) Business combination Balance at 12/31/2021 Cost Goodwill - acquisition of subsidiaries 654,044 349 (8,630) — — 46 4,945,680 5,591,489 Customer relationship 268,640 2,150 — — — (154) 1,476,808 1,747,444 Trademarks and patents(a) 12,043 1,549 (13) — — — 248,457 262,036 Software 314,713 204,316 (18,660) 25,167 368 (1,435) 542,001 1,066,470 Non-compete agreement 1,659 — — — — — 24,365 26,024 Licenses for use - payment arrangements (11,435) 15,104 — (3,669) — — — — Operating license 5,674 — — — — (352) 7,121 12,443 Exclusivity right 38,827 — — — — — (38,827) — Software in progress 38,816 35,552 (8,910) (21,498) — — 43,960 Right-of-use assets - Software 66,837 5,626 — — — — — 72,463 1,389,818 264,646 (36,213) — 368 (1,895) 7,205,605 8,822,329 Amortization Customer relationship (164,080) (53,114) — — — 104 — (217,090) Trademarks and patents(a) (9,649) 2,741 — — — — — (6,908) Software (153,174) (109,836) 1,212 (2,867) — 266 — (264,399) Non-compete agreement (1,106) — — — — — — (1,106) Licenses for use - payment arrangements (1,924) (943) — 2,867 — — — — Operating license (5,342) (5,790) — — — 278 — (10,854) Exclusivity right (647) 647 — — — — — — Right-of-use assets - Software (14,010) (30,444) — — — — — (44,454) (349,932) (196,739) 1,212 — — 648 — (544,811) Intangible assets, net 1,039,886 67,907 (35,001) — 368 (1,247) 7,205,605 8,277,518 (a) As of December 31, 2021, the amount of R$ 202,140 refers to indefinite useful-life Trademarks and patents. |
Summary of CGU's | : CGU Description Goodwill allocated Indefinite useful-life intangible assets allocated CGU 1 – Financial services Companies related to financial solutions are included in this CGU. The Group considers these companies as a CGU due to the integrated financial solutions provided by them, as capture, processing, transmission, and financial liquidation of transactions with debit and credit card, among other services. This CGU includes operating companies and their respective holding companies. 444,140 14,497 CGU 2 – Financial assets register(a) This CGU comprises only TAG, whose activity is related to financial assets registration. Due to the specific service provided by this company and its independence of the other Group’s companies, the Group considers TAG as a separate CGU. - - CGU 3 – Software(b) In this CGU are included the technology companies that aim to provide new offers to customers related to the technology platform of the Group. This CGU includes operating companies and their respective holding companies. 5,157,083 214,219 CGU 4 – Pinpag This CGU comprises only Pinpag, provider of financial solutions in electronic means of payment. Due to the independence of the other Group’s companies, the Group considers Pinpag as a separate CGU. 44,535 3,057 CGU 5 – Cappta(a) This CGU comprises only Cappta, whose activity is related to customized financial solutions to customers as installment and financing. Due to the independence of the other Group’s companies, the Group considers Cappta as a separate CGU. - - (a) Despite being separate CGU’s, TAG and Cappta have no goodwill or and / or indefinite useful-life intangible assets. (b) The amount of goodwill reflects the final purchase-price allocation of Reclame Aqui, concluded in December 31,2022. |
Taxes payable (Tables)
Taxes payable (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Taxes payable [abstract] | |
Schedule of Taxes Payable | 2022 2021 Income tax (IRPJ and CSLL) (a) 223,764 107,014 Contributions over revenue (PIS and COFINS) (b) 51,065 26,392 Withholding income tax 27,582 22,640 Taxes on services (ISS) (c) 11,702 8,449 Withholding taxes from services taken (d) 6,802 6,362 Other taxes and contributions 8,190 5,596 329,105 176,453 (a) Some revenues in investment funds only pay income tax when redemption occurs. Under this condition, on December 31, 2022 there are R$208,939 (R$95,511 on December 31, 2021) recorded as income tax on the accrual basis. The expense for current income tax is recognized in the statement of profit or loss under "Income tax and social contribution" against tax payable. For some entities in the Group, advances for the payment of income tax expense are recognized during the tax year and are recognized as an asset under Recoverable taxes (Note 7). (b) PIS and COFINS are measured based on the revenues of the Brazilian entities of the Group. This tax expense is recognized as a deduction to gross revenue. (c) ISS is recognized as a deductions to gross revenue against tax liabilities, as the Group acts as agent collecting these taxes on behalf of municipal governments. (d) Amount relative to PIS, COFINS, IRPJ and CSLL, withheld from suppliers and paid by the Group on their behalf. These amounts are recognized as a tax liability, with no impact to the statement of profit or loss. |
Loans and financing and Obligat
Loans and financing and Obligations to FIDC quota holders (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [abstract] | |
Schedule of Loans and Financing | Composition of loans and financing and obligations to FIDC quota holders Average annual interest rate % Original maturity Current portion Non-current portion December 31, 2022 Obligations to FIDC AR III quota holders (6.7.3.1) CDI Rate* + 1.50% Aug/23 952,780 — 952,780 Obligations to FIDC TAPSO quota holders (6.7.3.2) CDI Rate* + 1.80% Feb/23 22,468 — 22,468 Obligations to FIDC quota holders 975,248 — 975,248 Leases (6.7.3.3) 105.1% to 151.8% of CDI Rate* Jan/23 to Jun/29 55,583 144,564 200,147 Bonds (6.7.3.4) 3.95% USD Jun/28 4,007 2,583,861 2,587,868 Bank borrowings (6.7.3.5) CDI + 0.95%. to CDI + 1.44% Three to eighteen months 1,787,817 45 1,787,862 Loans and financing 1,847,407 2,728,470 4,575,877 2,822,655 2,728,470 5,551,125 Average annual interest rate % Maturity Current portion Non-current portion December 31, 2021 Obligations to FIDC AR III quota holders (6.7.3.1) CDI Rate* + 1.50% Aug/23 1,273,675 932,368 2,206,043 Obligations to FIDC TAPSO quota holders (6.7.3.2) CDI Rate* + 1.50% Mar/22 21,131 — 21,131 Obligations to FIDC TAPSO quota holders 1,294,806 932,368 2,227,174 Leases (6.7.3.3) 105.7% to 151.8% of CDI Rate* Jan/22 to Jun/29 66,531 206,924 273,455 Bonds (6.7.3.4) 3.95% USD Jun/28 4,592 2,760,018 2,764,610 Bank borrowings (6.7.3.5) CDI + 0.75% to CDI + 1.50% Three to eighteen months 2,108,123 589,518 2,697,641 Debentures (6.7.3.6) 109.0% of CDI Rate* Jul/22 399,509 — 399,509 Loans and financing 2,578,755 3,556,460 6,135,215 3,873,561 4,488,828 8,362,389 (*) “CDI Rate” means the Brazilian interbank deposit (Certificado de Depósito Interbancário) rate, which is an average of interbank overnight rates in Brazil, the average rate of 2022 was 12.38% (2021 – 4.42%). |
Transactions with related par_2
Transactions with related parties (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Summary of Transactions were Carried Out with Related Parties | The following transactions were carried out with related parties: 2022 2021 2020 Sales of services Associates (legal and administrative services) (a) 86 23 11 Entity controlled by management personnel (b) 3 10 — 89 33 11 Purchases of goods and services Entity controlled by management personnel (b) — (1,531) (16,652) Associates (transaction services) (c) (1,800) (1,119) (2,032) Service provider — (440) — (1,800) (3,090) (18,684) (a) Related to services provided to Trinks. (b) Related to consulting and management services with Genova Consultoria e Participações Ltda., Travel services reimbursed to Zurich Consultoria e Participações Ltda and VCK Investment Fund. (c) Related mainly to expenses paid to Trinks Serviços de Internet, RH Software and APP Sistemas for consulting services, marketing expenses and sales commissions and software license to new customers acquisition. |
Summary of Balances Outstanding at the End of Reporting Period | The following balances are outstanding at the end of the reporting period in relation to transactions with related parties: 2022 2021 Loans to management personnel 6,121 4,663 Convertible loans to associate 3,932 57 Receivables from related parties 10,053 4,720 |
Summary of Compensation Expense | For the years ended December 31, 2022 and 2021, compensation expense was as follows: December 31, December 31, Short-term benefits 45,169 13,621 Share-based payments (Note 18.4) 64,038 29,332 109,207 42,953 |
Provision for contingencies (Ta
Provision for contingencies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Provisions [abstract] | |
Schedule Of Nature And Movement Of The Liabilities | The amount, nature and the movement of the liabilities is summarized as follows: Civil Labor Tax (a) Total Balance as of December 31, 2020 9,572 578 — 10,150 Additions 12,376 6,090 184 18,650 Reversals (4,773) (8,249) (1,365) (14,387) Interests 1,847 402 4,068 6,317 Payments (9,318) (58) (804) (10,180) Business combination (a) 5,906 17,620 147,773 171,299 Balance as of December 31, 2021 15,610 16,383 149,856 181,849 Additions 29,460 8,759 9,491 47,710 Reversals (13,471) (1,654) (13,736) (28,861) Interests 2,030 1,239 16,208 19,477 Payments (8,305) (267) (1,227) (9,799) Balance as of December 31, 2022 25,324 24,460 160,592 210,376 (a) Under business combination rules, the Group recognized a provision for tax treatments adopted when calculating income tax and social contribution on net income. The provision recorded as of December 31, 2022 regarding tax matters on business acquired from Linx Sistemas represents R$92,206 (R$82,012 on December 31, 2021). |
Schedule of Nature of Liabilities | The Group has the following civil, labor and tax litigation involving risks of loss assessed by management as possible, based on the evaluation of the legal advisors, for which no provision was recognized: December 31, 2022 December 31, 2021 Civil 178,809 130,908 Labor 238,523 62,299 Tax 140,658 30,324 Total 557,990 223,531 |
Equity (Tables)
Equity (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity [abstract] | |
Schedule of Issuances and Repurchases of Shares | Below are the movements in the quantity of shares during 2022 and 2021: Number of shares Class A Class B Total At December 31, 2020 257,479,140 51,782,702 309,261,842 Issuance 3,132,970 — 3,132,970 Conversions 5,741,517 (5,741,517) — Vested awards 136,436 — 136,436 At December 31, 2021 266,490,063 46,041,185 312,531,248 Conversions 27,292,415 (27,292,415) — Vested awards (a) 342,351 — 342,351 At December 31, 2022 294,124,829 18,748,770 312,873,599 (a) The Company delivered 226,691 RSUs, through the issuance of shares. Additionally, 115,660 Class A common shares were issued to our founder shareholders, as anti-dilutive shares. |
Detailed information about incentive shares [Text Block] | Incentive Shares are subject to a 10 year lock-up period, after that the shares are free and clear for transfer. If a participant ceases employment for any reason before the end of the 10 years lock-up period, the Company have the right (but not the obligation) to acquire the shares for the price originally paid by the participant less an applicable discount, and paying in a monthly basis according with the time remaining to end of the Lock-up period, as presented below. Time remaining to the end of the Lock-up year Discount Monthly 7-10 years 25% Up to 120 3-7 years 20% Up to 60 0-3 years 15% Up to 36 |
Earnings (loss) per share (Tabl
Earnings (loss) per share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Earnings per share [abstract] | |
Disclosure of Determining the Numerator of Basic EPS | In determining the numerator of basic EPS, earnings attributable to the Group is allocated as follows: 2022 2021 2020 Net income (loss) attributable to Owners of the Parent (519,417) (1,358,813) 854,071 Numerator of basic and diluted EPS (519,417) (1,358,813) 854,071 As of December 31, 2022, the shares of a non-compete agreement signed with the Linx founders selling shareholders were adjusted to basic and diluted EPS calculation, shares that will be delivered in annual installments until 2026. As of December 31, 2022, the Group used Treasury shares in the acquisition of Reclame Aqui, which were adjusted to basic and diluted EPS calculation since the acquisition date. As of December 31, 2021, the shares issued in connection with the acquisition of non-controlling interest in PDCA were adjusted to basic and diluted EPS calculation since the acquisition date. The following table contains the earnings per share of the Group for the years ended December 31, 2022, 2021 and 2020 (in thousands except share and per share amounts): 2022 2021 2020 Numerator of basic EPS (519,417) (1,358,813) 854,071 Weighted average number of outstanding shares 311,880,008 308,905,398 289,289,033 Denominator of basic EPS 311,880,008 308,905,398 289,289,033 Basic earnings (loss) per share - R$ (1.67) (4.40) 2.95 Numerator of diluted EPS (519,417) (1,358,813) 854,071 Share-based payments (a) — — 4,448,505 Weighted average number of outstanding shares 311,880,008 308,905,398 289,289,033 Denominator of diluted EPS 311,880,008 308,905,398 293,737,538 Diluted earnings (loss) per share - R$ (1.67) (4.40) 2.91 (a) Diluted earnings per share are calculated by adjusting the weighted average number of shares outstanding, considering potentially convertible instruments. However, due to the loss for the year ended December 31, 2022 and 2021, these instruments issued have a non-diluting effect, therefore, they were not considered in the total number of outstanding shares to determine the diluted loss per share. |
Total revenue and income (Table
Total revenue and income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Revenue [abstract] | |
Summary of Sales Revenues Subject to Taxes and Contributions | Sales revenues in Brazil are subject to taxes and contributions, at the following statutory rates: Rate Transaction activities and other services Subscription services and equipment rental Financial income Contribution on gross revenue for social integration program (“PIS”) (a) 1.65% 0.65% - 1.65% 0.65% Contribution on gross revenue for social security financing (“COFINS”) (a) 7.60% 3.00% - 7.60% 4.00% Taxes on service (“ISS”) (b) 2.00% - 5.00% 0 0 Social security levied on gross revenue (“INSS”) (c) 4.50% 0 0 (a) PIS and COFINS are contributions levied by the Brazilian Federal government on gross revenues. These amounts are invoiced to and collected from the Group’s customers and recognized as deductions to gross revenue (Note 16.3) against tax liabilities, as we are acting as tax withholding agents on behalf of the tax authorities. PIS and COFINS paid on certain purchases may be claimed back as tax credits to offset PIS and COFINS payable. These amounts are recognized as Recoverable taxes (Note 7) and are offset on a monthly basis against Taxes payable (Note 11) and presented net, as the amounts are due to the same tax authority. (b) ISS is a tax levied by municipalities on revenues from the provision of services. ISS tax is added to amounts invoiced to the Group’s customers for the services the Group renders. These are recognized as deductions to gross revenue (Note 16.3 ) against tax liabilities, as the Group acts as agent collecting these taxes on behalf of municipal governments. The rates may vary from 2.00% to 5.00%. The ISS stated in the table is applicable to the city of São Paulo and refers to the rate most commonly levied on the Group’s operations. |
Timing of revenue recognition | 2022 2021 2020 Net revenue from transaction activities and other services 2,617,407 1,626,853 1,144,086 Recognized at a point in time 2,617,407 1,626,853 1,144,086 Net revenue from subscription services and equipment rental 1,760,915 1,071,932 388,033 Financial income 4,638,022 1,877,683 1,647,017 Other financial income 572,601 247,293 140,687 Recognized over time 6,971,538 3,196,908 2,175,737 Total revenue and income 9,588,945 4,823,761 3,319,823 |
Expenses by nature (Tables)
Expenses by nature (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Expenses by nature [abstract] | |
Summary of expenses by nature | 2022 2021 2020 Personnel expenses (Note 18.3) 2,508,567 1,489,245 833,310 Financial expenses (a) 3,514,739 1,269,058 339,844 Mark-to-market on equity securities designated at FVPL (Note 6.3 (b) ) 853,056 1,264,213 — Transaction and client services costs (b) 1,069,082 810,219 370,819 Depreciation and amortization (Note 9.4) 800,326 507,369 256,294 Marketing expenses and sales commissions (c) 632,137 420,818 149,842 Third parties services 332,081 305,517 119,904 Other 262,658 192,439 115,211 Total expenses 9,972,646 6,258,878 2,185,224 (a) Financial expenses include discounts on the sale of receivables, interest expense on borrowings, interest to fund FIDC quota holders, foreign currency exchange variances, net and the cost of derivatives covering interest and foreign exchange exposure. (b) Transaction and client services costs include card transaction capturing services, card transaction and settlement processing services, logistics costs, payment scheme fees, cloud services and other costs. |
Employee benefits (Tables)
Employee benefits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Classes of employee benefits expense [abstract] | |
Employee benefits expenses | 2022 2021 2020 Wages and salaries 1,727,760 1,055,959 483,600 Social security costs 353,789 258,488 138,960 Profit sharing and annual bonuses 213,942 61,629 89,973 Share-based payments 213,076 113,169 120,777 2,508,567 1,489,245 833,310 |
Share-based payment plans | Equity RSU PSU Options Total Number of shares Balance as of December 31, 2020 4,370,192 — 32,502 4,402,694 Granted 2,603,810 4,070,000 — 6,673,810 Issued (136,826) — — (136,826) Cancelled (252,028) — — (252,028) Balance as of December 31, 2021 6,585,148 4,070,000 32,502 10,687,650 Granted 6,171,570 4,606,897 12,657 10,791,124 Issued (700,092) — — (700,092) Cancelled (549,405) (1,356,530) — (1,905,935) Balance as of December 31, 2022 11,507,221 7,320,367 45,159 18,872,747 |
Information about share-based payment plans | The restricted shares have the following summarized information (amounts in R$): RSU Granted year Vesting conditions Weighted average fair value¹ Remaining expected life Number of Outstanding Awards 2018² From 4 to 10 years of service R$ 88.80 0.5 to 5.7 years 3,427,148 2019 From 5 to 10 years of service R$ 136.08 1.7 to 6.6 years 16,423 2020 From 5 to 10 years of service R$ 163.18 0.1 to 7.9 years 287,693 2021 From 1 to 10 years of service R$ 348.49 0.3 to 8.9 years 2,341,735 2022 From 1 to 10 years of service R$ 49.56 0.4 to 9.1 years 5,434,221 11,507,220 1 Determined based on the fair value of the equity instruments granted and the exchange rate, both at the grant date. 2 All performance conditions related with this grant were already satisfied. |
Performance share units | The performance shares have the following summarized information (amounts in R$): PSU Granted year Vesting conditions Weighted average fair value Volatility Risk-free rate Remaining expected life Number of Outstanding Awards 2021 5 years of service and achievement of a specified TSR R$ 26.74 71.8% 0.82% 3.4 years 2,849,000 2022 From 2 to 5 years of service and achievement of a specified share price R$ 2.71 76.5% to 83.3% 2.18% to 4.34% 1.3 to 4.8 years 4,471,367 7,320,367 |
Information about Options | The stock options have the following summarized information (amounts in R$): Options Granted year Vesting conditions Weighted average fair value Method of valuation Volatility Remaining expected life Exercisable at year end Exercise price Number of Outstanding Awards 2018 From 5 to 10 years of service R$ 59.59 Black-scholes 50.00 % 0.5 to 5.5 years 12,657 USD24.00 39,999 2019 From 3 to 5 years of service R$ 81.71 Black-scholes 69.80 % 1.5 years 1,935 USD30.00 5,160 45,159 |
Labor and social security liabilities | 2022 2021 Accrued annual payments and related social charges 398,891 210,957 Labor liabilities and related social charges 105,550 95,139 Total labor and social security liabilities 504,441 306,096 Current 468,599 273,347 Non-current 35,842 32,749 |
Transactions with non-control_2
Transactions with non-controlling interests (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Non Controlling Interests [abstract] | |
Schedule of Effects of Transactions With Non-controlling Interests on Equity Attributable to Owners of Parent | The main effects of transactions with non-controlling interests on the equity attributable to the owners of the parent are comprised of: Changes in non-controlling interest Capital contributions (deductions) by non-controlling interests Transfers to (from) non-controlling interests Changes in equity attributable to owners of the parent Consideration paid or payable to non-controlling interests For the year ended December 31, 2020 Transactions between subsidiaries and shareholders: Issuance of shares for purchased noncontrolling interests 230,500 95,843 135,055 230,898 Capital contribution to subsidiary — (2,138) 2,138 — 230,500 93,705 137,193 230,898 For the period ended December 31, 2021 Transactions between subsidiaries and shareholders: Issuance of shares for purchased noncontrolling interests (230,500) (77,911) 308,411 230,500 Capital contribution to subsidiary 893 — — — Sale of subsidiary — (1,220) — (1,220) Non-controlling interests arising on a business combination — 50,252 — — (229,607) (28,879) 308,411 229,280 For the period ended December 31, 2022 Transactions between subsidiaries and shareholders: Transaction costs from subsidiaries (60) — — — Equity transaction with non-controlling interests (d) — (20,928) — 2,829 Non-controlling interests arising on a business combination (e) — 3,849 — — (60) (17,079) — 2,829 (a) On January 28, 2021, the Group fully acquired the non-controlling interest in PDCA held by Bellver Fundo de Investimento Multimercado Crédito Privado Investimento no Exterior (“Bellver”). The transaction was made by a purchase and sale of shares, where Bellver agreed to acquire 1,313,066 STNE Participações S.A. shares by a payment being part in cash in the amount of R$230,500 and part by the delivering of their PDCA shares. The number of STNE Participações S.A. shares delivered to Bellver was based on STNE Participações S.A. volume-weighted average trading price of the 30 days preceding the signing of a memorandum of understanding (“MOU”) between the parties on December 8th, 2020. (b) On June 28, 2021, the Group sold all of the 4,205,115 Linked Gourmet’s shares held by it, representing 58.10% of the total and voting capital, for the total price of R$1, thus withdrawing from Linked Gourmet’s shareholders. The amount of R$1,219 refers to the 41.9% held by non-controlling shareholders. (c) Arising from the business combination among the Group and: SimplesVet – R$12,424, VHSYS – R$19,858, Questor – R$8,233, Sponte – R$1,765, Creditinfo Caribbean - R$5,505 and MLabs – R$2,465. (d) On October 18, 2022, the Group lost control of its subsidiary StoneCo CI and Creditinfo after a capital contribution by a new investor. The remaining interest of 47.75% held by the Group on Creditinfo is classified as an investment in an associate according to IAS 28. As result of the loss of control, in accordance with IFRS 10, the Group derecognized the assets and liabilities of Creditinfo. The amount of R$20,928 refers to shares held by non-controlling shareholders. On September 20, 2022, the STNE PAR fully acquired the non-controlling interest held by Sponte. The amount of R$2,829 refers to shares held by non-controlling shareholders. (e) Arising from the business combination Reclame Aqui and Hubcount. |
Other disclosures on cash flo_2
Other disclosures on cash flows (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Other disclosures on cash flows [abstract] | |
Summary of Other Disclosures on Cash Flows | 20.1. Non-cash operating activities 2022 2021 2020 Fair value adjustment on loans designated at FVPL (326,491) (1,306,205) 12,461 Fair value adjustment on equity securities designated at FVPL (853,056) (1,264,213) — Fair value adjustment in financial instruments at FVPL (1,179,547) (2,570,418) 12,461 Fair value adjustment to accounts receivable from card issuers 253,181 303,156 (43,523) Fair value adjustment on equity instruments/listed securities designated at FVOCI (6,971) 216,465 40,336 20.2. Non-cash investing activities 2022 2021 2020 Property and equipment and intangible assets acquired through lease 63,910 92,802 118,977 20.3. Non-cash financing activities 2022 2021 2020 Unpaid consideration for acquisition of non-controlling shares 1,498 1,823 3,088 Settlement of loans with private entities — 748,297 — Shares of the Company delivered at Reclame Aqui acquisition 21.3.4(a) 169,864 — — 20.4. Property and equipment, and intangible assets 2022 2021 2020 Additions of property and equipment (Note 9.3) (692,206) (1,086,113) (450,594) Additions of right of use (IFRS 16) (Note 9.3) 47,182 87,176 52,140 Payments from previous year (51,614) (33,353) (1,050) Purchases not paid at year end 176,835 51,614 33,353 Prepaid purchases of POS 102,070 (102,314) (5,987) Purchases of property and equipment (417,733) (1,082,990) (372,138) Additions of intangible assets (Note 10.3) (288,004) (264,646) (150,310) Additions of right of use (IFRS 16) (Note 10.3) 16,728 5,626 66,837 Payments from previous year (41,898) — — Purchases not paid at year end 6,593 41,898 — Capitalization of borrowing costs 1,069 592 508 Issuance of shares for acquisition of assets — 849 — Purchases and development of intangible assets (305,512) (215,681) (82,965) Net book value of disposed assets (Notes 9.3 and 10.3) 202,519 161,902 96,704 Net book value of disposed Leases (52,164) (14,474) (36,919) Loss on disposal of property and equipment and intangible assets (25,347) (136,104) (52,658) Disposal of Creditinfo property, equipment and intangible assets, including goodwill (61,316) — — Disposal of Linked's property, equipment and intangible assets, including goodwill — (11,224) — Outstanding balance (36,684) — — Proceeds from disposal of property and equipment and intangible assets 27,008 100 7,127 |
Business combinations (Tables)
Business combinations (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Business Combinations [Abstract] | |
Schedule of Business Combinations | Financial position of the businesses acquired The net assets acquired, at fair value, on the date of the business combination, and the goodwill amount originated in the transaction are presented below. Fair value Reclame Aqui (as of Feb 17, 2022) (a) Plugg.to (as of June 08, 2022) (a) Hubcount (as of August 31, 2022) (b) Total Cash and cash equivalents 418 362 36 816 Short-term investments 9,024 — — 9,024 Trade accounts receivable 7,938 1,864 235 10,037 Recoverable taxes 148 91 42 281 Receivables from related parties 62 — — 62 Property and equipment 1,285 — 205 1,490 Intangible assets - Customer relationship (c) 26,964 2,089 — 29,053 Intangible assets - Software (c) 11,220 34,141 — 45,361 Intangible assets - Trademarks and patents (c) 288,964 — — 288,964 Other assets 63,651 8 460 64,119 Total assets 409,674 38,555 978 449,207 Trade accounts payable 17,401 3,943 79 21,423 Loans and financing 4,463 — — 4,463 Labor and social security liabilities 2,190 541 313 3,044 Taxes payable 3,364 313 41 3,718 Deferred tax liabilities — 12,318 12,318 Other liabilities 3,154 — 87 3,241 Total liabilities 30,572 17,115 520 48,207 Net assets and liabilities 379,102 21,440 458 401,000 Consideration paid (Note 21.3.4) 435,164 46,038 10,615 491,817 Goodwill 56,062 24,598 10,157 90,817 (a) Identification and measurement of assets acquired, liabilities assumed, consideration transferred, and goodwill are final. (b) Identification and measurement of assets acquired, liabilities assumed, consideration transferred, and goodwill are preliminary. (c) The Group carried out a preliminary or final fair value assessment of the assets acquired in the business combination, as specified in the items (a) and (b) above, having identified customer relationship, software, and trademark and patents as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.3.3. The net assets acquired, at fair value, on the date of the business combination, and the goodwill amount originated in the transaction considering the preliminary and the final assessments are presented below. 21.4.1.1. SimplesVet Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 11,107 — 11,107 Trade accounts receivable 96 — 96 Recoverable taxes — 20 20 Property and equipment 179 — 179 Intangible assets - Customer relationship (a) 15,924 (9,098) 6,826 Intangible assets - Software (a) 2,807 12,859 15,666 Other assets 137 (21) 116 Total assets 30,250 3,760 34,010 Trade accounts payable 106 — 106 Labor and social security liabilities 566 — 566 Taxes payable — 580 580 Deferred tax liabilities 6,369 1,279 7,648 Other liabilities 843 (580) 263 Total liabilities 7,884 1,279 9,163 Net assets and liabilities (b) 22,366 2,481 24,847 Consideration paid (Note 21.4.3) 39,583 (2,102) 37,481 Goodwill 17,217 (4,583) 12,634 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by SimplesVet. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the first quarter of 2022, the valuation was completed. 21.4.1.2. VHSYS Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 13,731 — 13,731 Trade accounts receivable 351 — 351 Recoverable taxes — 38 38 Property and equipment 2,232 4 2,236 Intangible assets 2,522 (2,522) — Intangible assets - Customer relationship (a) 6,134 (5,462) 672 Intangible assets - Software (a) 14,583 8,215 22,798 Intangible assets - Trademarks and patents (a) — 21,513 21,513 Other assets 109 (60) 49 Total assets 39,662 21,726 61,388 Trade accounts payable 3,515 — 3,515 Loans and financing 1,525 — 1,525 Labor and social security liabilities 2,019 — 2,019 Taxes payable — 174 174 Provision for contingencies — 2 2 Deferred tax liabilities 7,044 7,393 14,437 Other liabilities 177 (177) — Total liabilities 14,280 7,392 21,672 Net assets and liabilities (b) 25,382 14,334 39,716 Consideration paid (Note 21.4.3) 55,411 7,167 62,578 Goodwill 30,029 (7,167) 22,862 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by VHSYS. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the first quarter of 2022, the valuation was completed. 21.4.1.3. Linx Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 41,618 — 41,618 Short-term investments 431,444 — 431,444 Accounts receivable from card issuers 349,471 — 349,471 Trade accounts receivable 212,567 — 212,567 Recoverable taxes 43,927 (15,721) 28,206 Prepaid expenses 4,735 — 4,735 Deferred tax assets 47,362 148,737 196,099 Property and equipment 200,420 — 200,420 Intangible assets 56,917 — 56,917 Intangible assets - Customer relationship (a) 1,471,741 (899) 1,470,842 Intangible assets - Software (a) 340,780 — 340,780 Intangible assets - Trademarks and patents (a) 214,578 — 214,578 Intangible assets - Non-compete agreement (a) — 24,365 24,365 Other assets 77,367 — 77,367 Total assets 3,492,927 156,482 3,649,409 Accounts payable to clients 332,902 — 332,902 Trade accounts payable 107,205 — 107,205 Loans and financing 346,151 — 346,151 Labor and social security liabilities 85,829 — 85,829 Taxes payable 34,635 — 34,635 Deferred tax liabilities 608,749 9,714 618,463 Provision for contingencies 164,259 — 164,259 Other liabilities 111,233 — 111,233 Total liabilities 1,790,963 9,714 1,800,677 Net assets and liabilities (b) 1,701,964 146,768 1,848,732 Consideration paid (Note 21.4.3.3) 6,737,900 24,365 6,762,265 Goodwill 5,035,936 (122,403) 4,913,533 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship, software, trademarks and patents, and non-compete agreement as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Linx. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the second quarter of 2022, the valuation was completed. 21.4.1.4. Trampolin Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 294 — 294 Trade accounts receivable 130 — 130 Property and equipment 9 — 9 Intangible assets - Software (a) 7,874 (6,414) 1,460 Other assets 2 — 2 Total assets 8,309 (6,414) 1,895 Deferred tax liabilities 2,677 (2,180) 497 Other liabilities 125 — 125 Total liabilities 2,802 (2,180) 622 Net assets and liabilities (b) 5,507 (4,234) 1,273 Consideration paid (Note 21.4.3.4) 24,993 (1,694) 23,299 Goodwill 19,486 2,540 22,026 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified software as intangible asset. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2. (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Trampolin. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the third quarter of 2022, the valuation was completed. 21.4.1.5. Collact Fair value Preliminary amounts Adjustments Final amounts Cash and cash equivalents 38 — 38 Trade accounts receivable 29 — 29 Property and equipment 389 — 389 Intangible assets - Customer relationship (a) — 294 294 Intangible assets - Software (a) 11,634 (10,518) 1,116 Intangible assets - Trademarks and patents (a) 774 (774) — Other assets 321 — 321 Total assets 13,185 (10,998) 2,187 Accounts payable to clients 261 — 261 Labor and social security liabilities 852 — 852 Taxes payable 10 — 10 Deferred tax liabilities 4,218 (3,739) 479 Other liabilities 902 — 902 Total liabilities 6,243 (3,739) 2,504 Net assets and liabilities (b) 6,942 (7,259) (317) Consideration paid (Note 21.4.3.5) 14,116 — 14,116 Goodwill 7,174 7,259 14,433 (a) The Group carried out a fair value assessment of the assets acquired in the business combination, having identified customer relationship and software as intangible assets. Details on the methods and assumptions adopted to evaluate these assets are described on Note 21.4.2 (b) The net assets recognized in the December 31, 2021 financial statements were based on a provisional assessment of their fair value while the Group sought an independent valuation for the intangible assets owned by Collact. The valuation had not been completed by the date the 2021 financial statements were approved for issue by the Board of Directors. In the third quarter of 2022, the valuation was completed. |
Costumer relationship [Table Text Block] | Reclame Aqui Plugg.to Amount 26,964 2,089 Method of evaluation Distributor’s Method Distributor’s Method Estimated useful life (a) 5 years and 9 months 3 years and 7 months Discount rate (b) 14.0% 15.0% Source of information Acquirer’s management internal projections Acquirer’s management internal projections Assessment status Final Final (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. |
Detailed information about software [Text Block] | Reclame Aqui Plugg.to Amount 11,220 34,141 Method of evaluation Replacement cost MEEM (*) Estimated useful life (a) 5 years 5 years Discount rate (b) 14.0% 15.0% Source of information Historical data Acquirer’s management internal projections Assessment status Final Final (*) Multi-Period Excess Earnings Method (“MEEM”) (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. |
Detailed information about trademark and patents [Text Block] | Reclame Aqui Amount 288,964 Method of evaluation MEEM (*) Estimated useful life (a) 30 years and 9 months Discount rate (b) 14.0% Source of information Acquirer’s management internal projections Assessment status Final (*) Multi-Period Excess Earnings Method (“MEEM”) (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. |
Consideration paid on business combination [Text Block] | The consideration paid in the preliminary assessments is presented as follows. Reclame Aqui Plugg.to Hubcount Total Cash consideration paid to the selling shareholders 42,273 20,880 7,500 70,653 Cash consideration to be paid to the selling shareholders 10,000 16,744 3,000 29,744 Shares of the Company delivered to selling shareholders (a) 113,779 — — 113,779 Capital increase in the acquiree (a) 64,013 — — 64,013 Non-controlling interest in the acquiree (b) 189,739 — 115 189,854 Call option in the acquiree (c) (16,200) — — (16,200) Contingent consideration (d) 31,560 8,414 — 39,974 Total 435,164 46,038 10,615 491,817 (a) The Group used Treasury shares to pay some of the selling shareholders and some of the Capital increase in Reclame Aqui (see note 14.3), The fair value of the treasury shares delivered to selling shareholders and used as capital increase were R$113,779 and R$56,085, respectively, totaling R$169,864. The treasury shares used as capital increase in Reclame Aqui were subsequently sold by the investee for R$53,406. (b) The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. (c) The Group has a call option to acquire the remaining equity interest to hold 100% of Reclame Aqui, which can be exercised between January 1, 2027 and June 30, 2027. The option has been measured in accordance with pre-determined formulas and was recorded in the consolidated statement of financial position as Derivative financial instruments. R$16,200 represents the final amount on acquisition date. This value is periodically remeasured, which may result in an increase or decrease of the estimate, and as of June 30, 2022 this option is included in the amount of R$23,983 mentioned in Note 6.8. (d) Reclame Aqui contingent consideration will be paid to the selling shareholders in two periods – after the closing of the 2023 (1st period) and 2025 (2nd period) fiscal years, the amount is based on predetermined formulas which consider mainly the net revenue of Reclame Aqui at the end of 2023 and 2025. Plugg.to contingent consideration will be paid to the selling shareholders after the closing of the 2023 for financial metrics and 2024 for operational metrics. Contingent consideration for the acquisition of Hubcount is being evaluated. |
Total Revenue and Net Income on a Pro-Forma Basis | The combined statement of profit or loss from the acquisition date through December 31, 2022 for all companies acquired in 2022, is presented below: 2022 Net revenue from subscription services and equipment rental 81,064 Other financial income 3,683 Total revenue and income 84,747 Cost of services (891) Administrative expenses (71,513) Selling expenses (1,139) Financial expenses, net (840) Other income (expenses), net (1,938) (76,321) Profit before income taxes 8,426 Current income tax and social contribution (1,763) Net income for the year 6,663 Total revenue and net income for the Group is presented below on a pro-forma basis assuming the acquisitions occurred at the beginning of the year of each acquisition: 2022 Pro-forma total revenue and income 9,600,659 Pro-forma net loss for the year (527,979) |
Schedule of Intangible Assets | The assumptions adopted to measure the fair value of intangible assets identified in the business combination are described below. 21.4.2.1. Customer relationship SimplesVet VHSYS Linx Collact Amount 6,826 672 1,470,842 294 Method of evaluation MEEM (*) MEEM (*) MEEM (*) MEEM (*) Estimated useful life (a) 8 years 3 years, 4 months 31 years, 6 months to 34 years, 6 months 2 years, 7 months Discount rate (b) 14.0% 13.9% 10.3% 13.8% Source of information Acquirer’s management internal projections Acquirer’s management internal projections Acquirer’s management internal projections Acquirer’s management internal projections (*) Multi-Period Excess Earnings Method (“MEEM”) (a) Useful lives were estimated based on internal benchmarks. In the case of Linx useful life considers the observed behavior of Linx customers who historically present a very low level of churn. The asset was measured for each of the Linx subsidiaries and for this reason the useful life is variable. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.2. Software SimplesVet VHSYS Linx Trampolin Collact Amount 15,666 22,798 340,780 1,460 1,115 Method of evaluation Replacement cost Replacement cost Relief from royalties Replacement costs Relief from royalties Estimated useful life (a) 6 years 6 years 4 years to 10 years 5 years 5 years Discount rate (b) 13.6% 13.5% 10.3% 17.3% 13.8% Source of information Historical data Historical data Acquirer’s management internal projections Historical data Acquirer’s management internal projections (a) Useful lives were estimated based on internal benchmarks. The asset was measured for each of the Linx subsidiaries and for this reason the useful life is variable. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.3. Trademark and patents VHSYS Linx Amount 21,513 214,578 Method of evaluation Relief from royalties Relief from royalties Estimated useful life (a) Indefinite Indefinite Discount rate (b) 13.5% 10.3% Source of information Acquirer’s management internal projections Acquirer’s management internal projections (a) Useful lives were estimated based on internal benchmarks. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. 21.4.2.4. Non-compete agreement Linx Amount 24,365 Method of evaluation With / without Estimated useful life (a) 5 years Discount rate (b) 10.3% Source of information Acquirer’s management internal projections (a) Useful lives were estimated based on non-compete agreement terms. (b) Discount rate used was equivalent to the weighted average cost of capital combined with the sector’s risk. |
Schedule of Fair Value of Consideration Paid | The consideration paid on business combination is composed by the sum of the following values, if any: (i) consideration transferred, (ii) non-controlling interest in the acquiree and (iii) fair value of the acquirer’s previously held equity interest in the acquiree. The consideration paid in the preliminary and the final assessments is presented as follows. 21.4.3.1. SimplesVet Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 15,650 — 15,650 Cash consideration to be paid to the selling shareholders 5,750 — 5,750 Non-controlling interest in the acquiree (a) 11,183 1,241 12,424 Contingent consideration (b) 7,000 (3,343) 3,657 Total 39,583 (2,102) 37,481 (a) The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. (b) The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. 21.4.3.2. VHSYS Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 18,656 — 18,656 Previously held equity interest in the acquiree, at fair value (a) 24,064 — 24,064 Non-controlling interest in the acquiree (b) 12,691 7,167 19,858 Total 55,411 7,167 62,578 (a) Refers to the acquiree’s shares previously acquired from the selling shareholders. As a result of the acquisition of VHSYS in steps, the Group recognized a gain of R$12,010 in 2021 by the difference between the previously held 33.33% interest in VHSYS, at fair value, in the amount of R$24,064, and its carrying amount, of R$12,054. (b) The Group has elected to measure the non-controlling interests in the acquiree using the present ownership instruments’ proportionate share in the recognized amounts of the acquiree’s identifiable net assets. 21.4.3.3. Linx Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 4,752,811 — 4,752,811 Previously held equity interest in the acquiree, at fair value (a) 1,335,603 — 1,335,603 Shares of the Company issued to selling shareholders 618,514 — 618,514 Contingent consideration (b) 30,972 24,365 55,337 Total 6,737,900 24,365 6,762,265 (a) Refers to the acquiree’s shares previously acquired in stock market or from the selling shareholders. (b) Refers to share-based payments that may be paid in the next months and to a non-compete agreement signed with the Linx founders selling shareholders. 21.4.3.4. Trampolin Preliminary amounts Adjustments Final amounts Cash consideration paid to the selling shareholders 13,402 — 13,402 Shares of the Company to be issued to selling shareholders 9,897 — 9,897 Contingent consideration (a) 1,694 (1,694) — Total 24,993 (1,694) 23,299 (a) The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. 21.4.3.5. Collact Preliminary amounts Cash consideration paid to the selling shareholders 3,173 Previously held equity interest in the acquiree, at fair value (a) 3,529 Loans converted into shares 5,247 Cash consideration to be paid to the selling shareholders 167 Contingent consideration (b) 2,000 Total 14,116 (a) Refers to the acquiree’s shares previously acquired in stock market or from the selling shareholders. As a result of the step acquisition of Collact, the Group recognized a gain of R$3,838 by the difference between the previously held 25% interest in Collact, at fair value, in the amount of R$3,529, and its carrying amount, of (R$309). (b) The final amount of contingent consideration was evaluated for the acquisition date based on predetermined formulas mainly considering the amount of revenue and profitability that the acquired company will have at the end of 2022 in different expected scenarios. |
Segment information (Tables)
Segment information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Operating Segments [Abstract] | |
Income statement and balance sheet position for operating segments | December 31, 2022 Financial Services Software Non allocated Total revenue and income 8,083,549 1,419,841 85,555 Cost of services (1,987,522) (670,154) (12,076) Administrative expenses (640,772) (314,267) (39,666) Selling expenses (1,245,266) (245,071) (20,903) Financial expenses, net (3,345,588) (56,176) (1,067) Other income (expenses), net (170,322) (15,049) (24,506) Total adjusted expenses (7,389,470) (1,300,717) (98,218) Loss on investment in associates (409) (1,355) (1,825) Ajusted profit (loss) before income taxes 693,670 117,769 (14,488) Income taxes and social contributions (138,550) (50,905) (1,404) Adjusted net income (loss) for the year 555,120 66,864 (15,892) Adjusted net income (loss) for the year (not adjusting for the bond) 474,561 66,864 (15,892) Adjusted net income (loss) for the year (adjusting for the bond) 860,242 66,864 (15,892) December 31, 2021 Financial Services Software Non allocated Total revenue and income 4,090,995 686,267 46,499 Cost of services (1,328,281) (370,854) (14,693) Administrative expenses (439,683) (180,819) (24,314) Selling expenses (887,009) (114,591) (10,944) Financial expenses, net (1,091,271) (36,936) (57) Other income (expenses), net (104,285) (9,998) (3,879) Total adjusted expenses (3,850,529) (713,198) (53,887) Loss on investment in associates (941) (48) (9,448) Adjusted profit (loss) before income taxes 239,525 (26,979) (16,836) Income taxes and social contributions 17,205 (7,067) (2,557) Adjusted net income (loss) for the year 256,730 (34,046) (19,393) Adjusted net income (loss) for the year (not adjusting for the bond) 138,170 (34,046) (19,393) December 31, 2020 Financial Services Software Non allocated Total revenue and income 3,248,846 53,114 17,861 Cost of services (749,583) (16,046) (4,317) Administrative expenses (316,751) (28,221) (1,906) Selling expenses (501,573) (2,035) (2,295) Financial expenses, net (330,391) (1,305) (227) Other income (expenses), net (30,318) (25,146) (9,396) Total adjusted expenses (1,928,616) (72,753) (18,141) Loss on investment in associates — (4,863) (2,074) Ajusted profit (loss) before income taxes 1,320,230 (24,502) (2,354) Income taxes and social contributions (329,416) (5,416) (349) Adjusted net income (loss) for the year 990,814 (29,918) (2,703) |
Disclosure of reconciliation of segment adjusted net income loss | December 31, 2022 December 31, 2021 December 31, 2020 Adjusted net income – Financial Services 555,120 256,730 990,814 Adjusted net income (loss) – Software 66,864 (34,046) (29,918) Adjusted net income (loss) – Non allocated (15,892) (19,393) (2,703) Segment adjusted net income 606,092 203,291 958,193 Adjustments from adjusted net income to consolidated net income (loss) Mark-to-market from the investment in Banco Inter and related cost (933,615) (1,382,773) — Amortization of fair value adjustment (a) (138,601) (89,100) (17,229) Share-based compensation expenses (b) (129,835) (66,917) (120,695) Gain on previously held interest in associate — 15,848 2,992 Other expenses (c) 17,810 (118,323) (30,782) Tax effect on adjustments 51,753 60,626 44,967 Consolidated net income (loss) (526,396) (1,377,348) 837,446 (a) Related to acquisitions. Consists of expenses resulting from the changes of the fair value adjustments as a result of the application of the acquisition method. (b) Consists of expenses related to the vesting of one-time pre-IPO pool of share-based compensation as well as non-recurring long term incentive plans. (c) Consists of the fair value adjustment related to associates call option, M&A and Bond issuance expenses, earn-out interests related to acquisitions, gains/losses in the sale of companies, dividends from Linx and organizational restructuring expenses.. |
Operations - Additional Informa
Operations - Additional Information (Details) | Jun. 16, 2021 BRL (R$) | Nov. 17, 2020 R$ / shares shares | Aug. 12, 2020 BRL (R$) | Aug. 12, 2020 USD ($) $ / shares shares | Dec. 31, 2022 $ / shares | Dec. 31, 2022 BRL (R$) shares | Dec. 31, 2021 BRL (R$) | Dec. 31, 2020 BRL (R$) | Dec. 31, 2019 BRL (R$) |
Disclosure of joint operations [line items] | |||||||||
Number of shares authorized (in shares) | shares | 630,000,000 | ||||||||
Par value per share (in dollars per share) | $ / shares | $ 0.000079365 | ||||||||
Retained earnings (accumulated losses) | R$ 423203000 | R$ 96214000 | |||||||
Recoverable taxes | 150,956,000 | 214,837,000 | |||||||
Total current assets | 30,659,203,000 | 29,944,452,000 | |||||||
Deferred tax assets | 679,971,000 | 580,492,000 | |||||||
Intangible assets | 8,632,332,000 | 8,277,518,000 | R$ 1039886000 | ||||||
Total assets | 11,586,237,000 | 12,152,560,000 | |||||||
Total assets | 42,245,440,000 | 42,097,012,000 | |||||||
Deferred tax liabilities | 500,247,000 | 629,911,000 | |||||||
Other liabilities | 610,567,000 | 343,439,000 | |||||||
Total non-current liabilities | 4,121,277,000 | 5,679,947,000 | |||||||
Total liabilities | 29,295,416,000 | 28,469,792,000 | |||||||
Capital reserve | 13,818,819,000 | 14,541,132,000 | |||||||
Equity attributable to owners of the parent | 12,893,906,000 | 13,536,446,000 | |||||||
Non-controlling interests(f) | 56,118,000 | 90,774,000 | |||||||
Total equity | 12,950,024,000 | 13,627,220,000 | R$ 14992025000 | R$ 5973005000 | |||||
Total liabilities and equity | R$ 42245440000 | 42,097,012,000 | |||||||
Previously presentes [Member] | |||||||||
Disclosure of joint operations [line items] | |||||||||
Recoverable taxes | 230,558,000 | ||||||||
Total current assets | 29,960,173,000 | ||||||||
Deferred tax assets | 431,755,000 | ||||||||
Intangible assets | 8,370,313,000 | ||||||||
Total assets | 12,096,618,000 | ||||||||
Total assets | 42,056,791,000 | ||||||||
Deferred tax liabilities | 617,445,000 | ||||||||
Other liabilities | 348,458,000 | ||||||||
Total non-current liabilities | 5,672,500,000 | ||||||||
Total liabilities | 28,462,345,000 | ||||||||
Capital reserve | 14,516,767,000 | ||||||||
Equity attributable to owners of the parent | 13,512,081,000 | ||||||||
Non-controlling interests(f) | 82,365,000 | ||||||||
Total equity | 13,594,446,000 | ||||||||
Total liabilities and equity | 42,056,791,000 | ||||||||
Adjustments [Member] | |||||||||
Disclosure of joint operations [line items] | |||||||||
Recoverable taxes | (15,721,000) | ||||||||
Total current assets | (15,721,000) | ||||||||
Deferred tax assets | 148,737,000 | ||||||||
Intangible assets | (92,795,000) | ||||||||
Total assets | 55,942,000 | ||||||||
Total assets | 40,221,000 | ||||||||
Deferred tax liabilities | 12,466,000 | ||||||||
Other liabilities | (5,019,000) | ||||||||
Total non-current liabilities | 7,447,000 | ||||||||
Total liabilities | 7,447,000 | ||||||||
Capital reserve | 24,365,000 | ||||||||
Equity attributable to owners of the parent | 24,365,000 | ||||||||
Non-controlling interests(f) | 8,409,000 | ||||||||
Total equity | 32,774,000 | ||||||||
Total liabilities and equity | R$ 40221000 | ||||||||
Linx S.A. [Member] | |||||||||
Disclosure of joint operations [line items] | |||||||||
Pro rata cash payment (in Brazilian reais per share) | R$ / shares | R$ 33.5229 | ||||||||
Retained earnings (accumulated losses) | R$ 100000 | ||||||||
Accumulated profits per share (in Brazilian reais per share) | R$ / shares | R$ 0.5636918 | ||||||||
Dividends received | R$ 20129 | ||||||||
Linx S.A. [Member] | Linx S.A. [Member] | |||||||||
Disclosure of joint operations [line items] | |||||||||
Dilutive effect of total shares of acquired company (in shares) | shares | 178,361,138 | ||||||||
Estimated final price per share of acquired company | R$ / shares | R$ 37.78 | ||||||||
Class B common stock | HR Holdings LLC | |||||||||
Disclosure of joint operations [line items] | |||||||||
Percentage of equity interest acquired | 31.10% | ||||||||
Class A common stock | |||||||||
Disclosure of joint operations [line items] | |||||||||
Number of shares authorized (in shares) | shares | 31,481,250 | ||||||||
Par value per share (in dollars per share) | $ / shares | $ 0.000079365 | ||||||||
Class A common stock | Underwriters' option to purchase | |||||||||
Disclosure of joint operations [line items] | |||||||||
Purchase of additional shares from selling shareholders (in shares) | shares | 4,106,250 | ||||||||
Class A common stock | Follow-On Prospectus Offering | |||||||||
Disclosure of joint operations [line items] | |||||||||
Offering price (in dollars per share) | $ / shares | $ 47.50 | ||||||||
Proceeds from issue initial offering price | $ | $ 1,495,359,000 | ||||||||
Net proceeds of offering | R$ 7872554000 | 1,464,702,000 | |||||||
Underwriting discounts and commissions | 30,657,000 | ||||||||
Other offering expenses | R$ 39964000 | $ 7,278,000 | |||||||
Class A common stock | Linx S.A. [Member] | |||||||||
Disclosure of joint operations [line items] | |||||||||
Purchase of additional shares from selling shareholders (in shares) | shares | 0.0126730 | ||||||||
STNE Par Class A Preferred Share | Linx S.A. [Member] | |||||||||
Disclosure of joint operations [line items] | |||||||||
Shares received upon issuance of business combination for each share of acquired company issued and outstanding | shares | 1 | ||||||||
STNE Par Class B Preferred Share | Linx S.A. [Member] | |||||||||
Disclosure of joint operations [line items] | |||||||||
Shares received upon issuance of business combination for each share of acquired company issued and outstanding | shares | 1 |
Significant Accounting Polici_4
Significant Accounting Policies - Additional Information (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of significant accounting policies [line items] | ||
Prepaid expenses | R$ 129256 | R$ 169555 |
Leases of low-value assets | 5,000 | |
Globo Group | ||
Disclosure of significant accounting policies [line items] | ||
Prepaid expenses | R$ 163065 | R$ 294953 |
Short-term lease agreement. | 12 months |
Significant Accounting Polici_5
Significant Accounting Policies - Summary of Depreciation Method of Right of Use Assets (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Right of use assets offices [Member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 1 year |
Right of use assets offices [Member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 10 years |
Right of use assets vehicles [Member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 1 year |
Right of use assets vehicles [Member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 3 years |
Right of Use Assets - Equipment [Member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 1 year |
Right of Use Assets - Equipment [Member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 10 years |
Software [Member] | Minimum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 1 year |
Software [Member] | Maximum | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Estimated useful lives (years) | 3 years |
Significant Accounting Polici_6
Significant Accounting Policies - Schedule of Classification of Financial Assets Under IFRS9 (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Accounts receivable from card issuers | R$ 20694523 | R$ 19286590 |
Current trade receivables | 484,722 | 886,126 |
Other assets | 236,099 | 332,864 |
Short-term investments | 3,453,772 | 1,993,037 |
Total assets | 42,245,440 | 42,097,012 |
Accounts payable to clients | 16,614,513 | 15,726,502 |
Trade accounts payable | 596,044 | 372,547 |
Loans and financing | 1,847,407 | 2,578,755 |
Obligations to FIDC quota holders | 975,248 | 2,227,174 |
Other liabilities | 145,605 | 145,501 |
Total liabilities | R$ 29295416 | R$ 28469792 |
Significant Accounting Polici_7
Significant Accounting Policies - Summary of Initial Adoption of IFRS 9 (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure Of Initial Adoption IFRS 9 [line items] | |||
Beginning balance | R$ 13627220 | R$ 14992025 | R$ 5973005 |
Ending balance | 12,950,024 | 13,627,220 | 14,992,025 |
Retained earnings | |||
Disclosure Of Initial Adoption IFRS 9 [line items] | |||
Beginning balance | 96,214 | 1,455,027 | 600,956 |
Ending balance | (423,203) | 96,214 | 1,455,027 |
Total | |||
Disclosure Of Initial Adoption IFRS 9 [line items] | |||
Beginning balance | 13,536,446 | 14,853,462 | 5,972,379 |
Ending balance | 12,893,906 | 13,536,446 | 14,853,462 |
Non-controlling interests | |||
Disclosure Of Initial Adoption IFRS 9 [line items] | |||
Beginning balance | 90,774 | 138,563 | 626 |
Ending balance | R$ 56118 | R$ 90774 | R$ 138563 |
Group information - Consolidati
Group information - Consolidation of structured entities (Details) | 12 Months Ended |
Dec. 31, 2022 | |
FIDC AR III [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 21% |
FIDC AR III [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC TAPSO [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 99% |
FIDC TAPSO [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC TAPSO II [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC TAPSO II [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC SOMA [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC SOMA [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC SOMA III [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIDC SOMA III [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIC FIM STONECO [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
FIC FIM STONECO [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
Fundo Retail [Member] | Total quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
Fundo Retail [Member] | Subordinated Quotas | |
Disclosure of detailed information about business combination [line items] | |
Outstanding quotas held by the Group | 100% |
Group information - Summary of
Group information - Summary of Financial Statements of Subsidiaries and Structured Entities (Details) - BRL (R$) | 12 Months Ended | |||
Jun. 28, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about business combination [line items] | ||||
Proceeds from sale of shares | R$ 0 | R$ 0 | R$ 7832590000 | |
Stone Pagamentos S.A. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
MNLT Soluesde Pagamentos [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Pagar.me Pagamentos S.A. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
PDCA S.A. (“PDCA”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 0% | 100% | ||
Stone Cartões | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Linx Pay Meios de Pagamento Ltda. (“Linx Pay”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Merchant acquiring | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stone sociedade de crédito direto sa stone scd [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Financial services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
TAG Tecnologia para o Sistema Financeiro S.A. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Financial assets register | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Mav participações sa mvarandas [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 0% | 100% | ||
MLabs Software S.A. (“MLabs”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 51.50% | 51.50% | ||
Equals SA [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Questor Sistemas S.A (“Questor”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
Sponte Informática S.A ("Sponte") | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 90% | ||
SimplesVet Tecnologia S.A. (“SimplesVet”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
VHSYS Sistema de Gestão S.A. (“VHSYS”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 50% | ||
Trampolin Pagamentos S.A. (“Trampolin”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Linx S.A. (“Linx”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Linx Sistemas e Consultoria Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Linx Telecomunicações Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Napse S.R.L. (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Napse Uruguay | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 0% | ||
Sociedad Ingenería de Sistemas Napse I.T. de Chile Limitada (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Synthesis IT Peru S.A.C. (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Synthesis Holding LLC. (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Synthesis US LLC (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Retail Americas Sociedad de Responsabilidad Limitada de Capital Variable | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Synthesis IT de México Sociedad de Responsabilidad Limitada de Capital Variable (“Napse Group”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Mercadapp Solucoes em Software Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 0% | 100% | ||
Hiper Software S.A. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Reclame Aqui LLC | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 0% | ||
Obvio Brasil Software | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 0% | ||
O Mediador Tecnologia da Informação | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 0% | ||
Reclame Aqui Marcas e Servicos | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 50% | 0% | ||
Hubcount Tecnologia | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Technology services | |||
Proportion of ownership interest in subsidiary | 75.60% | 0% | ||
Creditinfo Jamaica | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Credit bureau services | |||
Proportion of ownership interest in subsidiary | 0% | 53.05% | ||
Creditinfo Guyana | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Credit bureau services | |||
Proportion of ownership interest in subsidiary | 0% | 53.05% | ||
Creditinfo Barbados | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Credit bureau services | |||
Proportion of ownership interest in subsidiary | 0% | 53.05% | ||
Buy 4 Processamento de Pagamentos S.A.[member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Processing card transactions | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Buy 4 sub limited liabilty company [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Cloud store card transactions | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vitta corretora de seguros ltda. vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Insurance services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stone seguros sa stone seguros [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Insurance services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vitta tecnologia em saúde sa vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Health services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vitta serviços em saúde ltda vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Health services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vitta saúde administradora em benefícios ltda vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Health services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
StoneCo Pagamentos UK Ltd. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Service provider | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stone Logistica Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Logistic services | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Collact Servicos Digitais Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Customer relationship management | |||
Proportion of ownership interest in subsidiary | 0% | 100% | ||
Stone Franchising Ltda. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Franchising management | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Cappta S.A. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 59.60% | 58.48% | ||
Ametista Servicos Digitais Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Esmeralda Serviços Digitais Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Diamante Serviços Digitais Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Safira Serviços Digitais Ltda. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Electronic fund transfer | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
TAPSO FIDC [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
TAPSO FIDC II [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
FIDC bancos emissores de cartão de crédito - stone iii fidc ar iii [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Soma fidc fidc soma [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Soma iii fidc fidc soma iii [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stoneco exclusivo fic fim fic fim stoneco [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Retail Renda Fixa Crédito Privado Fundo de Investimento (“Retail Renda Fixa”) | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment fund | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Mpb capital limited liabilty company [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Investment company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
DLP Capital Limited Liabilty Company [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
DLP Par Participacoes S.A. [member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Reclame Aqui Holding | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 50% | 0% | ||
STNE Participacoes S.A. [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Stne participacoes em tecnologia sa stne par tec [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
Vittapar llc vitta group [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 100% | ||
StoneCo CI Ltd (“Creditinfo Caribbean”) [Member] | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 0% | 53.05% | ||
Stone Holding Instituições S.A. | ||||
Disclosure of detailed information about business combination [line items] | ||||
Description of nature of entity's operations and principal activities | Holding company | |||
Proportion of ownership interest in subsidiary | 100% | 0% | ||
Linked Gourmet | ||||
Disclosure of detailed information about business combination [line items] | ||||
Number of shares issued (in shares) | 4,205,115 | |||
Percentage of voting rights held by non-controlling interests | 58.10% | |||
Proceeds from sale of shares | R$ 1 |
Group information - Summary o_2
Group information - Summary of Associates (Details) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Alpha logo servicos de informatica sa tablet cloud [Member] | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Technology services | |
Proportion of ownership interest in associate | 25% | 25% |
Trinks servicos de internet sa [Member] | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Technology services | |
Proportion of ownership interest in associate | 19.90% | 19.90% |
Delivery Much Tecnologia S.A. ("Delivery Much") | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Food delivery marketplace | |
Proportion of ownership interest in associate | 29.50% | 29.50% |
APP Sistemas S.A. ("APP") | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Technology services | |
Proportion of ownership interest in associate | 20% | 20% |
Neostore Desenvolvimento de Programas de Computador | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Technology services | |
Proportion of ownership interest in associate | 40.02% | 0% |
RH Software | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Technology services | |
Proportion of ownership interest in associate | 20% | 0% |
Creditinfo Jamaica Ltd (“Creditinfo Caribbean”) | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Credit bureau services | |
Proportion of ownership interest in associate | 47.75% | 0% |
Creditinfo Guyana Inc (“Creditinfo Caribbean”) | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Credit bureau services | |
Proportion of ownership interest in associate | 47.75% | 0% |
Creditadvice Barbados Ltd (“Creditinfo Caribbean”) | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Credit bureau services | |
Proportion of ownership interest in associate | 47.75% | 0% |
Creditinfo ECCU | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Credit bureau services | |
Proportion of ownership interest in associate | 47.75% | 0% |
StoneCo CI Ltd (“Creditinfo Caribbean”) [Member] | ||
Disclosure of associates [line items] | ||
Description of nature of entity's operations and principal activities | Holding company | |
Proportion of ownership interest in associate | 47.75% | 0% |
Group information - Additional
Group information - Additional Information (Details) - BRL (R$) R$ in Thousands | 2 Months Ended | 12 Months Ended | ||||
Oct. 18, 2022 | Jan. 07, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | May 02, 2022 | Jul. 02, 2021 | |
Disclosure of detailed information about business combination [line items] | ||||||
Consideration transferred, acquisition-date fair value | R$ 491817 | |||||
RH Software | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Percentage of equity interest acquired | 20% | |||||
Amount paid for the acquisition of the company through the conversion of a mutual agreement | R$ 2320 | |||||
Linx Sistemas | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Percentage of equity interest acquired | 40% | |||||
Increase (Decrease) of capital | R$ 6083 | |||||
Loan conversion | 875 | |||||
Consideration transferred, acquisition-date fair value | R$ 6958 | |||||
Hubcount Tecnologia | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Group's equity interest | 75.60% | 0% | ||||
Questor Sistemas S.A (“Questor”) | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Group's equity interest | 50% | 50% | ||||
Creditinfo | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Percentage of remaining interest in the Group. | 47.75% | |||||
Valuation of the remaining interest at fair value | R$ 8584 | |||||
Later than three years and not later than four years | RH Software | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Percentage of option to purchase additional interest | 30% | |||||
Bottom of range | Later than two years and not later than three years | RH Software | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Additional Participation Purchase Option Period | 2 years | |||||
Top of range | Later than three years and not later than four years | RH Software | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Additional Participation Purchase Option Period | 3 years |
Cash and cash equivalents - Sum
Cash and cash equivalents - Summary of Cash and Cash Equivalents (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Disclosure of cash and cash equivalents [line items] | ||||
Cash and cash equivalents | R$ 1512604 | R$ 4495645 | R$ 2446990 | R$ 968342 |
Denominated in R$ | ||||
Disclosure of cash and cash equivalents [line items] | ||||
Cash and cash equivalents | 1,388,616 | 4,431,019 | ||
Denominated in US$ | ||||
Disclosure of cash and cash equivalents [line items] | ||||
Cash and cash equivalents | 123,959 | 64,593 | ||
Denominated in other foreign currencies | ||||
Disclosure of cash and cash equivalents [line items] | ||||
Cash and cash equivalents | R$ 29 | R$ 33 |
Financial Instruments - Summary
Financial Instruments - Summary of Short-term Investments (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term investments | R$ 3453772 | R$ 1993037 | |
Long-term investments | 214,765 | 1,238,476 | |
Investments | 3,668,537 | 3,231,513 | |
Change in fair value in OCI | (6,971) | 216,466 | R$ 40336 |
Listed securities | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term investments | 1,276,099 | 645,826 | |
Long-term investments | 182,139 | 1,215,791 | |
Unlisted securities | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term investments | 2,177,673 | 1,347,211 | |
Long-term investments | 32,626 | 22,685 | |
Treasury notes | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term, Listed securities | 923,098 | 344,032 | |
Structured notes linked to LFTs | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term, Listed securities | 2,159,938 | 1,336,344 | |
Corporate bonds | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term, Listed securities | 369,082 | 301,794 | |
Bonds | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Investments | 3,452,118 | 1,982,170 | |
Bonds | Listed securities | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term investments | 1,276,099 | 645,826 | |
Long-term investments | 0 | 0 | |
Bonds | Unlisted securities | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term investments | 2,176,019 | 1,336,344 | |
Long-term investments | 0 | 0 | |
Equity securities | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Investments | 214,765 | 1,238,476 | |
Gains (losses) on financial assets at fair value through profit or loss | 853,056 | 1,264,213 | |
Equity securities | Listed securities | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term investments | 0 | 0 | |
Long-term investments | 182,139 | 1,215,791 | |
Equity securities | Unlisted securities | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term investments | 0 | 0 | |
Long-term investments | 32,626 | 22,685 | |
Investment funds | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Investments | 1,654 | 10,867 | |
Investment funds | Listed securities | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term investments | 0 | 0 | |
Long-term investments | 0 | 0 | |
Investment funds | Unlisted securities | |||
Disclosure of risk management strategy related to hedge accounting [line items] | |||
Short-term investments | 1,654 | 10,867 | |
Long-term investments | R$ 0 | R$ 0 |
Financial Instruments - Summa_2
Financial Instruments - Summary of Accounts Receivables from card issuers (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of Trade receivables [line items] | |||
Accounts receivable from card issuers | R$ 20748857 | R$ 19286590 | |
Allowance for credit losses | (108,434) | (80,418) | R$ 32463 |
Current | 20,694,523 | 19,286,590 | |
Non-current | 54,334 | 0 | |
Receivables From Card Issuers from FIDC AR III | 1,116,264 | 2,363,476 | |
Receivables From Card Issuers from FIDC | 451,618 | ||
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 94,093 | 73,510 | |
Reversal, allowance account for credit losses of financial assets | 13,181 | 3,876 | |
Accounts Receivable From Card Issuers [Member] | |||
Disclosure of Trade receivables [line items] | |||
Accounts receivable from card issuers | 20,053,392 | 18,865,658 | |
Accounts receivable from other acquirers | 718,228 | 436,035 | |
Allowance for credit losses | (22,763) | (15,103) | R$ 12765 |
Receivables From Card Issuers | 20,748,857 | 19,286,590 | |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 22,818 | 8,820 | |
Reversal, allowance account for credit losses of financial assets | R$ 15158 | R$ 6482 |
Financial Instruments - Narrati
Financial Instruments - Narrative (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Short-term investments | R$ 3453772 | R$ 1993037 |
Long-term investments | 214,765 | 1,238,476 |
Investments | R$ 3668537 | R$ 3231513 |
Financial Instruments - Schedul
Financial Instruments - Schedule of Assets As Per Statement of Financial Position (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial assets [line items] | ||
Financial assets | R$ 29287964 | R$ 26508899 |
Financial instruments designated as hedging instruments, at fair value | 190,902 | 201,202 |
Short And Long-Term Investments [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,668,537 | 3,231,513 |
Financial assets from banking solution [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,960,871 | 2,346,474 |
Accounts Receivable From Card Issuers [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 20,748,857 | 19,286,590 |
Trade Accounts Receivable [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 522,046 | 945,721 |
Derivative Financial Instruments [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 36,400 | 219,324 |
Receivables From Related Parties [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 10,053 | 4,720 |
Other assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 341,200 | 474,557 |
Amortized cost | ||
Disclosure of financial assets [line items] | ||
Financial assets | 853,425 | 1,046,363 |
Amortized cost | Short And Long-Term Investments [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
Amortized cost | Financial assets from banking solution [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
Amortized cost | Accounts Receivable From Card Issuers [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 6,992 | 132,605 |
Amortized cost | Trade Accounts Receivable [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 495,180 | 434,481 |
Amortized cost | Derivative Financial Instruments [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
Amortized cost | Receivables From Related Parties [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 10,053 | 4,720 |
Amortized cost | Other assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 341,200 | 474,557 |
FVPL | ||
Disclosure of financial assets [line items] | ||
Financial assets | 7,660,824 | 6,286,642 |
FVPL | Short And Long-Term Investments [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,636,687 | 3,209,604 |
FVPL | Financial assets from banking solution [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 3,960,871 | 2,346,474 |
FVPL | Accounts Receivable From Card Issuers [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
FVPL | Trade Accounts Receivable [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 26,866 | 511,240 |
FVPL | Derivative Financial Instruments [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 36,400 | 219,324 |
FVPL | Receivables From Related Parties [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
FVPL | Other assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
FVOCI | ||
Disclosure of financial assets [line items] | ||
Financial assets | 20,773,715 | 19,175,894 |
FVOCI | Short And Long-Term Investments [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 31,850 | 21,909 |
FVOCI | Financial assets from banking solution [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
FVOCI | Accounts Receivable From Card Issuers [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 20,741,865 | 19,153,985 |
FVOCI | Trade Accounts Receivable [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
FVOCI | Derivative Financial Instruments [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
FVOCI | Receivables From Related Parties [Member] | ||
Disclosure of financial assets [line items] | ||
Financial assets | 0 | 0 |
FVOCI | Other assets | ||
Disclosure of financial assets [line items] | ||
Financial assets | R$ 0 | R$ 0 |
Financial Instruments - Sched_2
Financial Instruments - Schedule of Liabilities As Per Statement Of Financial Position (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial liabilities [line items] | ||
Other liabilities | R$ 145605 | R$ 145501 |
Financial liabilities | 27,751,247 | 27,180,502 |
Amortized cost | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 26,930,254 | 26,828,802 |
FVPL | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 820,993 | 351,700 |
Deposits from banking customers [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 4,023,679 | 2,201,861 |
Deposits from banking customers [Member] | Amortized cost | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 4,023,679 | 2,201,861 |
Deposits from banking customers [Member] | FVPL | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 0 | 0 |
Accounts Payable To Clients [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 16,614,513 | 15,726,503 |
Accounts Payable To Clients [Member] | Amortized cost | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 16,614,513 | 15,726,503 |
Accounts Payable To Clients [Member] | FVPL | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 0 | 0 |
Trade Accounts Payable | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 596,044 | 372,547 |
Trade Accounts Payable | Amortized cost | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 596,044 | 372,547 |
Trade Accounts Payable | FVPL | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 0 | 0 |
Loans And Financing [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 4,575,877 | 6,135,215 |
Loans And Financing [Member] | Amortized cost | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 4,575,877 | 6,135,215 |
Loans And Financing [Member] | FVPL | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 0 | 0 |
Obligations To FIDC Quota Holders [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 975,248 | 2,227,174 |
Obligations To FIDC Quota Holders [Member] | Amortized cost | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 975,248 | 2,227,174 |
Obligations To FIDC Quota Holders [Member] | FVPL | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 0 | 0 |
Derivative Financial Instruments [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 209,714 | 23,244 |
Derivative Financial Instruments [Member] | Amortized cost | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 0 | 0 |
Derivative Financial Instruments [Member] | FVPL | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 209,714 | 23,244 |
Other Liabilities [Member] | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 756,172 | 493,958 |
Other Liabilities [Member] | Amortized cost | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 144,893 | 165,502 |
Other Liabilities [Member] | FVPL | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | 611,279 | 328,456 |
Financial liabilities at fair value | ||
Disclosure of financial liabilities [line items] | ||
Financial liabilities | R$ 27751247 | R$ 27180502 |
Financial Instruments - Sched_3
Financial Instruments - Schedule of Class Between Book Value and Fair Value of the Financial Instruments (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Categories of financial assets [abstract] | ||
Financial assets | R$ 29287964 | R$ 26508899 |
Financial assets, at fair value | 29,287,775 | 26,506,230 |
Categories of financial liabilities [abstract] | ||
Financial liabilities | 27,751,247 | 27,180,502 |
Financial liabilities, at fair value | R$ 27149460 | 26,163,599 |
Trade accounts receivable, settlement term, maximum | 60 days | |
Changes in fair value measurement, assets [abstract] | ||
Financial assets at beginning of period | R$ 26508899 | |
Financial assets at end of period | 29,287,964 | 26,508,899 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 27,180,502 | |
Additions, fair value measurement, liabilities | 39,974 | 41,666 |
Balance arising from business combination | 14,605 | |
Remeasurement at fair value recognized in the statement of financial position as Intangible assets | 1,759 | |
Remeasurement at fair value recognized in the statement of profit or loss as Other income (expenses), net | (42,830) | (9,881) |
Settlements, fair value measurement, liabilities | 32,157 | 4,000 |
Financial liabilities | 27,751,247 | 27,180,502 |
Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, liabilities | 50,425 | |
Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, liabilities | R$ 49940 | |
Projections of revenue, net debt, number of clients | ||
Changes in fair value measurement, liabilities [abstract] | ||
Percentage of reasonably possible increase in unobservable input, liabilities | 10% | |
Percentage of reasonably possible decrease in unobservable input, liabilities | 10% | |
Level 3 of fair value hierarchy | ||
Categories of financial assets [abstract] | ||
Financial assets | R$ 26866 | 511,240 |
Categories of financial liabilities [abstract] | ||
Financial liabilities | 309,856 | 328,456 |
Gain (losses) in Loans designated at FVPL | 7,902 | 381,430 |
Cash inflow effect from loans and receivables | (496,600) | 754,015 |
Changes in fair value measurement, assets [abstract] | ||
Financial assets at beginning of period | 511,240 | 1,646,685 |
Disbursements | 0 | 1,155,921 |
Collections | 496,600 | 1,909,936 |
Interest income recognized in the statement of profit or loss as Financial Income | 338,717 | 924,775 |
Fair value recognized in the statement of profit or loss as Financial income | (326,491) | (1,306,205) |
Financial assets at end of period | 26,866 | 511,240 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 328,456 | 269,162 |
Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, liabilities | 16,413 | 15,145 |
Financial liabilities | 309,856 | 328,456 |
Deposits from banking customers [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 4,023,679 | 2,201,861 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 2,201,861 | |
Financial liabilities | 4,023,679 | 2,201,861 |
Deposits from banking customers [Member] | Level 2 of fair value hierarchy | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 4,023,679 | 2,201,861 |
Financial liabilities, at fair value | 4,023,679 | 2,201,861 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 2,201,861 | |
Financial liabilities | 4,023,679 | 2,201,861 |
Accounts Payable To Clients [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 16,614,513 | 15,726,503 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 15,726,503 | |
Financial liabilities | 16,614,513 | 15,726,503 |
Accounts Payable To Clients [Member] | Level 2 of fair value hierarchy | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 16,614,513 | 15,726,503 |
Financial liabilities, at fair value | 16,025,373 | 14,628,794 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 15,726,503 | |
Financial liabilities | 16,614,513 | 15,726,503 |
Trade Accounts Payable | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 596,044 | 372,547 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 372,547 | |
Financial liabilities | 596,044 | 372,547 |
Trade Accounts Payable | Level 2 of fair value hierarchy | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 596,044 | 372,547 |
Financial liabilities, at fair value | 596,044 | 372,547 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 372,547 | |
Financial liabilities | 596,044 | 372,547 |
Loans And Financing [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 4,575,877 | 6,135,215 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 6,135,215 | |
Financial liabilities | 4,575,877 | 6,135,215 |
Loans And Financing [Member] | Level 2 of fair value hierarchy | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 4,575,877 | 6,135,215 |
Financial liabilities, at fair value | 4,564,864 | 6,121,966 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 6,135,215 | |
Financial liabilities | 4,575,877 | 6,135,215 |
Obligations To FIDC Quota Holders [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 975,248 | 2,227,174 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 2,227,174 | |
Financial liabilities | 975,248 | 2,227,174 |
Obligations To FIDC Quota Holders [Member] | Level 2 of fair value hierarchy | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 975,248 | 2,227,174 |
Financial liabilities, at fair value | 973,614 | 2,324,553 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 2,227,174 | |
Financial liabilities | 975,248 | 2,227,174 |
Derivative Financial Instruments [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 209,714 | 23,244 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 23,244 | |
Financial liabilities | 209,714 | 23,244 |
Derivative Financial Instruments [Member] | Level 2 of fair value hierarchy | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 209,714 | 23,244 |
Financial liabilities, at fair value | 209,714 | 23,244 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 23,244 | |
Financial liabilities | 209,714 | 23,244 |
Other Liabilities [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 756,172 | 493,958 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 493,958 | |
Financial liabilities | 756,172 | 493,958 |
Other Liabilities [Member] | Level 2 and 3 of fair value hierarchy | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 756,172 | 493,958 |
Financial liabilities, at fair value | 756,172 | 490,634 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 493,958 | |
Financial liabilities | 756,172 | 493,958 |
Financial liabilities at amortised cost, category [member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 26,930,254 | 26,828,802 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 26,828,802 | |
Financial liabilities | 26,930,254 | 26,828,802 |
Financial liabilities at amortised cost, category [member] | Deposits from banking customers [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 4,023,679 | 2,201,861 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 2,201,861 | |
Financial liabilities | 4,023,679 | 2,201,861 |
Financial liabilities at amortised cost, category [member] | Accounts Payable To Clients [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 16,614,513 | 15,726,503 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 15,726,503 | |
Financial liabilities | 16,614,513 | 15,726,503 |
Financial liabilities at amortised cost, category [member] | Trade Accounts Payable | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 596,044 | 372,547 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 372,547 | |
Financial liabilities | 596,044 | 372,547 |
Financial liabilities at amortised cost, category [member] | Loans And Financing [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 4,575,877 | 6,135,215 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 6,135,215 | |
Financial liabilities | 4,575,877 | 6,135,215 |
Financial liabilities at amortised cost, category [member] | Obligations To FIDC Quota Holders [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 975,248 | 2,227,174 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 2,227,174 | |
Financial liabilities | 975,248 | 2,227,174 |
Financial liabilities at amortised cost, category [member] | Derivative Financial Instruments [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 0 | 0 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 0 | |
Financial liabilities | 0 | 0 |
Financial liabilities at amortised cost, category [member] | Other Liabilities [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 144,893 | 165,502 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 165,502 | |
Financial liabilities | 144,893 | 165,502 |
Financial liabilities at fair value through profit or loss, category [member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 820,993 | 351,700 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 351,700 | |
Financial liabilities | 820,993 | 351,700 |
Financial liabilities at fair value through profit or loss, category [member] | Deposits from banking customers [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 0 | 0 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 0 | |
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Accounts Payable To Clients [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 0 | 0 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 0 | |
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Trade Accounts Payable | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 0 | 0 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 0 | |
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Loans And Financing [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 0 | 0 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 0 | |
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Obligations To FIDC Quota Holders [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 0 | 0 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 0 | |
Financial liabilities | 0 | 0 |
Financial liabilities at fair value through profit or loss, category [member] | Derivative Financial Instruments [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 209,714 | 23,244 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 23,244 | |
Financial liabilities | 209,714 | 23,244 |
Financial liabilities at fair value through profit or loss, category [member] | Other Liabilities [Member] | ||
Categories of financial liabilities [abstract] | ||
Financial liabilities | 611,279 | 328,456 |
Changes in fair value measurement, liabilities [abstract] | ||
Financial liabilities | 328,456 | |
Financial liabilities | 611,279 | 328,456 |
Amortized cost | ||
Categories of financial assets [abstract] | ||
Financial assets | 853,425 | 1,046,363 |
Changes in fair value measurement, assets [abstract] | ||
Financial assets at beginning of period | 1,046,363 | |
Financial assets at end of period | 853,425 | 1,046,363 |
FVOCI | ||
Categories of financial assets [abstract] | ||
Financial assets | 20,773,715 | 19,175,894 |
Changes in fair value measurement, assets [abstract] | ||
Financial assets at beginning of period | 19,175,894 | |
Financial assets at end of period | 20,773,715 | 19,175,894 |
FVPL | ||
Categories of financial assets [abstract] | ||
Financial assets | 7,660,824 | 6,286,642 |
Changes in fair value measurement, assets [abstract] | ||
Financial assets at beginning of period | 6,286,642 | |
Financial assets at end of period | R$ 7660824 | R$ 6286642 |
Financial instruments - Hedging
Financial instruments - Hedging Activity (Details) R$ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2021 USD ($) | |
Disclosure of detailed information about financial instruments [line items] | |||
Financial instruments designated as hedging instruments, at fair value | R$ 190902 | R$ 201202 | |
Non-deliverable forward used as economic hedge instrument | (6,395) | (14,166) | |
Call options to acquire additional interest in subsidiaries | 23,983 | 9,044 | |
Derivative financial instruments, net | (173,314) | 196,080 | |
Bond Hedges | |||
Disclosure of detailed information about financial instruments [line items] | |||
Loss recognized in OCI | (207,222) | ||
Effective portion – Gain / (Loss) | (459,289) | 255,346 | |
Payments of cross currency swaps | 274,407 | ||
Reserve of cash flow hedges | 261,366 | 54,144 | |
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 23, 2021 [Member] | Bond Hedges | Notional R$248,500, CDI +2.94% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 248500 | $ 50,000 | |
Borrowings, adjustment to interest rate basis | 0.0294% | 0.0294% | |
Loss recognized in OCI | (22,526) | ||
Effective portion – Gain / (Loss) | (46,230) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 24, 2021 [Member] | Bond Hedges | Notional R$247,000, CDI +2.90% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 247000 | $ 50,000 | |
Borrowings, adjustment to interest rate basis | 0.029% | 0.029% | |
Loss recognized in OCI | (22,168) | ||
Effective portion – Gain / (Loss) | (52,821) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 24, 2021 [Member] | Bond Hedges | Notional R$248,500, CDI +2.90% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 248500 | $ 50,000 | |
Borrowings, adjustment to interest rate basis | 0.029% | 0.029% | |
Loss recognized in OCI | (21,785) | ||
Effective portion – Gain / (Loss) | (45,443) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 30, 2021 [Member] | Bond Hedges | Notional R$375,263, CDI +2.99% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 375263 | $ 75,000 | |
Borrowings, adjustment to interest rate basis | 0.0299% | 0.0299% | |
Loss recognized in OCI | (31,664) | ||
Effective portion – Gain / (Loss) | (53,814) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 30, 2021 [Member] | Bond Hedges | Notional R$250,700, CDI +2.99% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 250700 | $ 50,000 | |
Borrowings, adjustment to interest rate basis | 0.0299% | 0.0299% | |
Loss recognized in OCI | (20,976) | ||
Effective portion – Gain / (Loss) | (38,391) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 30, 2021 [Member] | Bond Hedges | Notional R$250,110, CDI +2.98% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 250110 | $ 50,000 | |
Borrowings, adjustment to interest rate basis | 0.0298% | 0.0298% | |
Loss recognized in OCI | (21,126) | ||
Effective portion – Gain / (Loss) | (45,649) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on July 15, 2021 [Member] | Bond Hedges | Notional R$127,353, CDI +2.99% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 127353 | $ 25,000 | |
Borrowings, adjustment to interest rate basis | 0.0299% | 0.0299% | |
Loss recognized in OCI | (10,042) | ||
Effective portion – Gain / (Loss) | (30,233) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on July 15, 2021 [Member] | Bond Hedges | Notional R$127,353, CDI +2.99%, Two | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 127353 | $ 25,000 | |
Borrowings, adjustment to interest rate basis | 0.0299% | 0.0299% | |
Loss recognized in OCI | (9,954) | ||
Effective portion – Gain / (Loss) | (23,493) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on July 16, 2021 [Member] | Bond Hedges | Notional R$259,890, CDI +2.96% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 259890 | $ 50,000 | |
Borrowings, adjustment to interest rate basis | 0.0296% | 0.0296% | |
Loss recognized in OCI | (18,587) | ||
Effective portion – Gain / (Loss) | (39,158) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on August 6, 2021 [Member] | Bond Hedges | Notional R$131,025, CDI +3.00% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 131025 | $ 25,000 | |
Borrowings, adjustment to interest rate basis | 0.03% | 0.03% | |
Loss recognized in OCI | (9,661) | ||
Effective portion – Gain / (Loss) | (30,378) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on August 10, 2021 [Member] | Bond Hedges | Notional R$130,033, CDI +2.85% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 130033 | $ 25,000 | |
Borrowings, adjustment to interest rate basis | 0.0285% | 0.0285% | |
Loss recognized in OCI | (9,321) | ||
Effective portion – Gain / (Loss) | (30,379) | ||
Hedged items, due June 16, 2028 [Member] | Hedged items, traded on August 11, 2021 [Member] | Bond Hedges | Notional R$130,878, CDI +2.81% | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional | R$ 130878 | $ 25,000 | |
Borrowings, adjustment to interest rate basis | 0.0281% | 0.0281% | |
Loss recognized in OCI | (9,412) | ||
Effective portion – Gain / (Loss) | R$ 23300 |
Financial Instruments - Sensiti
Financial Instruments - Sensitivity Analysis Of The Interest Rate Risks (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | R$ 27751247 | R$ 27180502 |
Deposits from banking customers [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 4,023,679 | 2,201,861 |
Accounts Payable To Clients [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 16,614,513 | 15,726,503 |
Trade Accounts Payable | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 596,044 | 372,547 |
Loans And Financing [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 4,575,877 | 6,135,215 |
Obligations To FIDC Quota Holders [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 975,248 | 2,227,174 |
Other Liabilities [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 756,172 | 493,958 |
Interest rate risk | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Notional | 5,225,105 | |
Interest rate risk | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Derivative expenses recognized | 9,262 | 20,321 |
Interest rate risk | VaR One Day [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 123 | |
Interest rate risk | VaR Ten Days [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 491 | |
Interest rate risk | VaR Sixty Days [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 575 | |
Liquidity risk | Not later than one year [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 24,591,963 | 22,808,448 |
Liquidity risk | Later than one year and not later than two years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 735,499 | 2,004,439 |
Liquidity risk | Later than two years and not later than five years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 1,231,989 | 1,200,722 |
Liquidity risk | Up to 120 | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 2,729,500 | 2,963,804 |
Liquidity risk | Deposits from banking customers [Member] | Not later than one year [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 4,023,679 | 2,201,861 |
Liquidity risk | Deposits from banking customers [Member] | Later than one year and not later than two years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 0 |
Liquidity risk | Deposits from banking customers [Member] | Later than two years and not later than five years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 0 |
Liquidity risk | Deposits from banking customers [Member] | Up to 120 | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 0 |
Liquidity risk | Accounts Payable To Clients [Member] | Not later than one year [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 16,542,963 | 15,720,159 |
Liquidity risk | Accounts Payable To Clients [Member] | Later than one year and not later than two years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 35,775 | 3,172 |
Liquidity risk | Accounts Payable To Clients [Member] | Later than two years and not later than five years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | |
Liquidity risk | Accounts Payable To Clients [Member] | Up to 120 | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | |
Liquidity risk | Trade Accounts Payable | Not later than one year [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 596,044 | 372,547 |
Liquidity risk | Trade Accounts Payable | Later than one year and not later than two years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 0 |
Liquidity risk | Trade Accounts Payable | Later than two years and not later than five years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 0 |
Liquidity risk | Trade Accounts Payable | Up to 120 | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 0 |
Liquidity risk | Loans And Financing [Member] | Not later than one year [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 2,255,110 | 2,924,513 |
Liquidity risk | Loans And Financing [Member] | Later than one year and not later than two years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 431,180 | 983,537 |
Liquidity risk | Loans And Financing [Member] | Later than two years and not later than five years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 1,231,989 | 860,578 |
Liquidity risk | Loans And Financing [Member] | Up to 120 | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 2,729,500 | 2,963,804 |
Liquidity risk | Obligations To FIDC Quota Holders [Member] | Not later than one year [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 1,028,562 | 1,443,868 |
Liquidity risk | Obligations To FIDC Quota Holders [Member] | Later than one year and not later than two years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 985,229 |
Liquidity risk | Obligations To FIDC Quota Holders [Member] | Later than two years and not later than five years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 0 |
Liquidity risk | Obligations To FIDC Quota Holders [Member] | Up to 120 | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 0 |
Liquidity risk | Other Liabilities [Member] | Not later than one year [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 145,605 | 145,500 |
Liquidity risk | Other Liabilities [Member] | Later than one year and not later than two years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 268,544 | 32,501 |
Liquidity risk | Other Liabilities [Member] | Later than two years and not later than five years [member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 340,144 | |
Liquidity risk | Other Liabilities [Member] | Up to 120 | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Financial liabilities | 0 | 0 |
Credit risk [member] | VaR One Day [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 19,355 | |
Credit risk [member] | VaR Ten Days [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 43,730 | |
Credit risk [member] | VaR Sixty Days [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 99,469 | |
Currency risk | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Derivative revenue recognized | 18,955 | |
Currency risk | VaR One Day [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 764 | |
Currency risk | VaR Ten Days [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 2,443 | |
Currency risk | VaR Sixty Days [Member] | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 6,881 | |
Equity price | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Value at risk | 214,765 | |
Currency hedge | ||
Disclosure of risk management strategy related to hedge accounting [line items] | ||
Derivative revenue recognized | R$ 25827 | |
Derivative expenses recognized | R$ 9744 |
Financial Instruments- Composit
Financial Instruments- Composition of trade accounts receivable (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of Trade receivables [line items] | ||
Trade receivables | R$ 522046 | R$ 945721 |
Current trade receivables | 484,722 | 886,126 |
Trade accounts receivable | 37,324 | 59,595 |
Trade receivables | ||
Disclosure of Trade receivables [line items] | ||
Accounts receivable from subscription services | 294,516 | 232,109 |
Accounts receivable from equipment rental | 135,479 | 159,771 |
Loans designated at FVPL | 26,866 | 511,240 |
Chargeback | 58,302 | 26,783 |
Receivables from registry operation | 35,150 | 41,449 |
Services rendered | 36,089 | 13,388 |
Others | 44,078 | 41,399 |
Allowance for expected credit losses | R$ 108434 | R$ 80418 |
Financial Instruments - Allowan
Financial Instruments - Allowance for expected credit losses of trade accounts receivable (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of Trade receivables [line items] | |||
Allowance for credit losses | R$ 108434 | R$ 80418 | R$ 32463 |
Business combination | 0 | 10,401 | |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 94,093 | 73,510 | |
Reversal, allowance account for credit losses of financial assets | 13,181 | 3,876 | |
Utilisation, allowance account for credit losses of financial assets | R$ 52896 | R$ 32080 |
Loans and financing and Oblig_2
Loans and financing and Obligations to FIDC quota holders - Schedule of Loans and financing (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | R$ 5551125 | R$ 8362389 | R$ 6083650 |
Balances in transit banking solution and deposits | R$ 243782 | R$ 169558 | |
CDI Rate | |||
Disclosure of detailed information about borrowings [line items] | |||
Benchmark return rate | 1,238% | 4.42% | |
Loans And Financing [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 2822655 | R$ 3873561 | |
Non-current portion of non-current borrowings | 2,728,470 | 4,488,828 | |
Borrowings | 5,551,125 | 8,362,389 | |
Obligations to FDIC Quota Holders [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | 975,248 | 1,294,806 | |
Non-current portion of non-current borrowings | 0 | 932,368 | |
Borrowings | 975,248 | 2,227,174 | |
Obligations to FIDC AR III quota holders (6.7.3.1) | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | 1,273,675 | ||
Non-current portion of non-current borrowings | 932,368 | ||
Borrowings | R$ 952780 | R$ 2206043 | 4,114,315 |
Obligations to FIDC AR III quota holders (6.7.3.1) | CDI Rate | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings, benchmark return rate, adjustment to interest rate basis | 1.50% | 1.50% | |
Obligations to FIDC AR III quota holders (6.7.3.1) | Aug-23 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 952780 | ||
Non-current portion of non-current borrowings | 0 | ||
Borrowings | 952,780 | ||
Obligations to FIDC TAPSO quota holders (6.7.3.2) | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 21131 | ||
Non-current portion of non-current borrowings | 0 | ||
Borrowings | R$ 22468 | R$ 21131 | 20,476 |
Obligations to FIDC TAPSO quota holders (6.7.3.2) | CDI Rate | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings, benchmark return rate, adjustment to interest rate basis | 1.80% | 1.50% | |
Obligations to FIDC TAPSO quota holders (6.7.3.2) | Feb-23 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 22468 | ||
Non-current portion of non-current borrowings | 0 | ||
Borrowings | 22,468 | ||
Loans And Financing Excluding FDIC Obligations [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | 1,847,407 | R$ 2578755 | |
Non-current portion of non-current borrowings | 2,728,470 | 3,556,460 | |
Borrowings | R$ 4575877 | 6,135,215 | |
Leasing | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | 66,531 | ||
Non-current portion of non-current borrowings | 206,924 | ||
Borrowings | R$ 273455 | ||
Leasing | CDI Rate | Bottom of range | |||
Disclosure of detailed information about borrowings [line items] | |||
Benchmark return rate | 105.10% | 105.70% | |
Leasing | CDI Rate | Top of range | |||
Disclosure of detailed information about borrowings [line items] | |||
Benchmark return rate | 151.80% | 151.80% | |
Leasing | Jan-23 to Jun-29 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 55583 | ||
Non-current portion of non-current borrowings | 144,564 | ||
Borrowings | 200,147 | ||
Bonds | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 4592 | ||
Non-current portion of non-current borrowings | 2,760,018 | ||
Borrowings | R$ 2587303 | R$ 2764610 | 0 |
Benchmark return rate | 3.95% | 3.95% | |
Bonds | Jun-28 [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 4007 | ||
Non-current portion of non-current borrowings | 2,583,861 | ||
Borrowings | 2,587,868 | ||
Bank borrowings | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 2108123 | ||
Non-current portion of non-current borrowings | 589,518 | ||
Borrowings | R$ 1788427 | R$ 2697641 | 390,830 |
Bank borrowings | CDI Rate | Bottom of range | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings, benchmark return rate, adjustment to interest rate basis | 0.95% | 0.75% | |
Bank borrowings | CDI Rate | Top of range | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings, benchmark return rate, adjustment to interest rate basis | 1.44% | 1.50% | |
Bank borrowings | 3 to 18 months [Member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 1787817 | ||
Non-current portion of non-current borrowings | 45 | ||
Borrowings | 1,787,862 | ||
Debentures | |||
Disclosure of detailed information about borrowings [line items] | |||
Current portion of non-current borrowings | R$ 399509 | ||
Non-current portion of non-current borrowings | 0 | ||
Borrowings | R$ 0 | R$ 399509 | 398,358 |
Debentures | CDI Rate | |||
Disclosure of detailed information about borrowings [line items] | |||
Benchmark return rate | 109% | ||
Loans with private entities | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | R$ 0 | R$ 745051 |
Loans and financing and Oblig_3
Loans and financing and Obligations to FIDC quota holders - Summary of Changes in Loans and Financing (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Borrowings Activity [Roll Forward] | ||
Beginning balance | R$ 8362389 | R$ 6083650 |
Additions | 3,564,644 | 12,377,290 |
Disposals | 52,913 | (14,474) |
Payment | 6,789,996 | 11,151,351 |
Business Combination | 4,464 | 347,676 |
Changes in Exchange Rates | (184,977) | 282,642 |
Interest | 647,514 | 436,956 |
Ending balance | 5,551,125 | 8,362,389 |
Obligations to FIDC AR III quota holders (6.7.3.1) | ||
Borrowings Activity [Roll Forward] | ||
Beginning balance | 2,206,043 | 4,114,315 |
Additions | 0 | 0 |
Payment | 1,461,058 | 2,064,720 |
Changes in Exchange Rates | 0 | |
Interest | 207,795 | 156,448 |
Ending balance | 952,780 | 2,206,043 |
Obligations to FIDC TAPSO quota holders (6.7.3.2) | ||
Borrowings Activity [Roll Forward] | ||
Beginning balance | 21,131 | 20,476 |
Additions | 0 | 0 |
Payment | 1,515 | 708 |
Changes in Exchange Rates | 0 | |
Interest | 2,852 | 1,363 |
Ending balance | 22,468 | 21,131 |
Obligations to FIDC SOMA III quota holders | ||
Borrowings Activity [Roll Forward] | ||
Beginning balance | 0 | 239,759 |
Additions | 584,191 | |
Payment | 864,747 | |
Interest | 40,797 | |
Ending balance | 0 | |
Finance lease | ||
Borrowings Activity [Roll Forward] | ||
Beginning balance | 273,455 | 174,861 |
Additions | 64,658 | 92,802 |
Disposals | 52,913 | 14,474 |
Payment | 99,829 | 83,610 |
Business Combination | 0 | 88,879 |
Changes in Exchange Rates | 176 | 62 |
Interest | 14,600 | 14,935 |
Ending balance | 200,147 | 273,455 |
Bonds | ||
Borrowings Activity [Roll Forward] | ||
Beginning balance | 2,764,610 | 0 |
Additions | 0 | 2,477,408 |
Payment | 103,134 | 55,497 |
Changes in Exchange Rates | (185,153) | 282,580 |
Interest | 110,980 | 60,119 |
Ending balance | 2,587,303 | 2,764,610 |
Bank borrowings | ||
Borrowings Activity [Roll Forward] | ||
Beginning balance | 2,697,641 | 390,830 |
Additions | 3,499,986 | 9,222,889 |
Disposals | 0 | |
Payment | 4,702,769 | 7,294,101 |
Business Combination | 4,464 | 258,797 |
Changes in Exchange Rates | 0 | |
Interest | 289,105 | 119,226 |
Ending balance | 1,788,427 | 2,697,641 |
Loans with private entities | ||
Borrowings Activity [Roll Forward] | ||
Beginning balance | 0 | 745,051 |
Additions | 0 | |
Payment | 770,372 | |
Interest | 25,321 | |
Ending balance | 0 | |
Debentures | ||
Borrowings Activity [Roll Forward] | ||
Beginning balance | 399,509 | 398,358 |
Additions | 0 | 0 |
Payment | 421,691 | 17,596 |
Changes in Exchange Rates | 0 | |
Interest | 22,182 | 18,747 |
Ending balance | R$ 0 | R$ 399509 |
Finanancial instruments - Hedge
Finanancial instruments - Hedge accounting – bonds (Details) R$ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 BRL (R$) | |
Disclosure of detailed information about financial instruments [line items] | ||||
Financial instruments designated as hedging instruments, at fair value | R$ 190902 | R$ 201202 | ||
Bond Hedges | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Financial instruments designated as hedging instruments, at fair value | (190,902) | 201,202 | ||
Effective portion – Gain / (Loss) | (459,289) | R$ 255346 | ||
Loss recognized in OCI | (207,222) | |||
Notional R$248,500, CDI +2.94% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 23, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 50,000 | R$ 248500 | ||
Borrowings, adjustment to interest rate basis | 0.0294% | 0.0294% | ||
Financial instruments designated as hedging instruments, at fair value | (15,274) | R$ 25736 | ||
Effective portion – Gain / (Loss) | (46,230) | |||
Loss recognized in OCI | (22,526) | |||
Notional R$247,000, CDI +2.90% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 24, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 50,000 | R$ 247000 | ||
Borrowings, adjustment to interest rate basis | 0.029% | 0.029% | ||
Financial instruments designated as hedging instruments, at fair value | (14,836) | R$ 25814 | ||
Effective portion – Gain / (Loss) | (52,821) | |||
Loss recognized in OCI | (22,168) | |||
Notional R$248,500, CDI +2.90% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 24, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 50,000 | R$ 248500 | ||
Borrowings, adjustment to interest rate basis | 0.029% | 0.029% | ||
Financial instruments designated as hedging instruments, at fair value | (15,961) | R$ 24307 | ||
Effective portion – Gain / (Loss) | (45,443) | |||
Loss recognized in OCI | (21,785) | |||
Notional R$375,263, CDI +2.99% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 30, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 75,000 | R$ 375263 | ||
Borrowings, adjustment to interest rate basis | 0.0299% | 0.0299% | ||
Financial instruments designated as hedging instruments, at fair value | (26,179) | R$ 33213 | ||
Effective portion – Gain / (Loss) | (53,814) | |||
Loss recognized in OCI | (31,664) | |||
Notional R$250,700, CDI +2.99% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 30, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 50,000 | R$ 250700 | ||
Borrowings, adjustment to interest rate basis | 0.0299% | 0.0299% | ||
Financial instruments designated as hedging instruments, at fair value | (17,846) | R$ 21615 | ||
Effective portion – Gain / (Loss) | (38,391) | |||
Loss recognized in OCI | (20,976) | |||
Notional R$250,110, CDI +2.98% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on June 30, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 50,000 | R$ 250110 | ||
Borrowings, adjustment to interest rate basis | 0.0298% | 0.0298% | ||
Financial instruments designated as hedging instruments, at fair value | (17,403) | R$ 22209 | ||
Effective portion – Gain / (Loss) | (45,649) | |||
Loss recognized in OCI | (21,126) | |||
Notional R$127,353, CDI +2.99% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on July 15, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 25,000 | R$ 127353 | ||
Borrowings, adjustment to interest rate basis | 0.0299% | 0.0299% | ||
Financial instruments designated as hedging instruments, at fair value | (10,374) | R$ 8912 | ||
Effective portion – Gain / (Loss) | (30,233) | |||
Loss recognized in OCI | (10,042) | |||
Notional R$127,353, CDI +2.99%, Two | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on July 15, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 25,000 | R$ 127353 | ||
Borrowings, adjustment to interest rate basis | 0.0299% | 0.0299% | ||
Financial instruments designated as hedging instruments, at fair value | (10,455) | R$ 8744 | ||
Effective portion – Gain / (Loss) | (23,493) | |||
Loss recognized in OCI | (9,954) | |||
Notional R$259,890, CDI +2.96% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on July 16, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 50,000 | R$ 259890 | ||
Borrowings, adjustment to interest rate basis | 0.0296% | 0.0296% | ||
Financial instruments designated as hedging instruments, at fair value | (24,793) | R$ 12290 | ||
Effective portion – Gain / (Loss) | (39,158) | |||
Loss recognized in OCI | (18,587) | |||
Notional R$131,025, CDI +3.00% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on August 6, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 25,000 | R$ 131025 | ||
Borrowings, adjustment to interest rate basis | 0.03% | 0.03% | ||
Financial instruments designated as hedging instruments, at fair value | (12,101) | R$ 5654 | ||
Effective portion – Gain / (Loss) | (30,378) | |||
Loss recognized in OCI | (9,661) | |||
Notional R$130,033, CDI +2.85% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on August 10, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 25,000 | R$ 130033 | ||
Borrowings, adjustment to interest rate basis | 0.0285% | 0.0285% | ||
Financial instruments designated as hedging instruments, at fair value | (12,917) | R$ 6808 | ||
Effective portion – Gain / (Loss) | (30,379) | |||
Loss recognized in OCI | (9,321) | |||
Notional R$130,878, CDI +2.81% | Bond Hedges | Hedged items, due June 16, 2028 [Member] | Hedged items, traded on August 11, 2021 [Member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Notional | $ 25,000 | R$ 130878 | ||
Borrowings, adjustment to interest rate basis | 0.0281% | 0.0281% | ||
Financial instruments designated as hedging instruments, at fair value | (12,763) | R$ 5900 | ||
Effective portion – Gain / (Loss) | (23,300) | |||
Loss recognized in OCI | R$ 9412 |
Financial Instruments - Sched_4
Financial Instruments - Schedule of Adjusted Net Cash (Details) R$ in Thousands | Dec. 31, 2022 BRL (R$) |
Stone Pagamentos S.A. [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity of subsidiaries | R$ 1273363 |
Required Equity | 615,181 |
Stone sociedade de crédito direto sa stone scd [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Equity of subsidiaries | 693,091 |
Required Equity | R$ 112119 |
Minimum equity over risk weighted assets | 17% |
Accounts receivable from card i
Accounts receivable from card issuers - Additional Information (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of Trade receivables [line items] | ||
Accounts receivable from card issuers | R$ 20748857 | R$ 19286590 |
Accounts Receivable From Card Issuers [Member] | ||
Disclosure of Trade receivables [line items] | ||
Accounts receivable from card issuers | R$ 20053392 | R$ 18865658 |
Accounts receivable from card_2
Accounts receivable from card issuers - Summary of Allowance for Expected Credit Losses (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Trade receivables [line items] | ||
Beginning balance | R$ 80418 | R$ 32463 |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 94,093 | 73,510 |
Reversal, allowance account for credit losses of financial assets | (13,181) | (3,876) |
Ending balance | 108,434 | 80,418 |
Accounts Receivable From Card Issuers [Member] | ||
Disclosure of Trade receivables [line items] | ||
Beginning balance | 15,103 | 12,765 |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 22,818 | 8,820 |
Reversal, allowance account for credit losses of financial assets | (15,158) | (6,482) |
Ending balance | R$ 22763 | R$ 15103 |
Trade accounts receivables - Mo
Trade accounts receivables - Movement in the Allowance for Expected Credit Losses of Trade Receivables (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Trade and other current receivables [abstract] | ||
Beginning balance | R$ 80418 | R$ 32463 |
Business combination | 0 | 10,401 |
Additional allowance recognised in profit or loss, allowance account for credit losses of financial assets | 94,093 | 73,510 |
Reversal, allowance account for credit losses of financial assets | (13,181) | (3,876) |
Utilisation, allowance account for credit losses of financial assets | (52,896) | (32,080) |
Ending balance | R$ 108434 | R$ 80418 |
Recoverable taxes (Details)
Recoverable taxes (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Recoverable Taxes [abstract] | ||
Withholding income tax on finance income | R$ 87701 | R$ 85942 |
Income tax and social contribution | (9,872) | (65,773) |
Others withholding income tax | 36,212 | 30,454 |
Contributions over revenue | 3,410 | 24,076 |
Other Taxes | (13,761) | (8,592) |
Recoverable taxes | R$ 150956 | R$ 214837 |
Income taxes - Additional Infor
Income taxes - Additional Information (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
Brazilian statutory rate | 34% | 34% | 34% |
Federal Tax Authorities Of Cayman [Member] | |||
Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
Brazilian statutory rate | 15% | ||
Federal tax authorities of Brazil | |||
Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
Brazilian statutory rate | 34% | ||
Other subsidiaries | |||
Reconciliation of Accounting Profit Multiplied by Applicable Tax Rates [line items] | |||
Accumulated tax loss carryforwards | R$ 144529 | R$ 104920 |
Income taxes - Summary of Recon
Income taxes - Summary of Reconciliation of Income Tax Expense to Profit (Loss) (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [abstract] | |||
Ajusted profit (loss) before income taxes | R$ 387290 | R$ 1445554 | R$ 1127662 |
Brazilian statutory rate | 34% | 34% | 34% |
Rate of annual taxable | 30% | ||
Tax benefit/(expense) at the statutory rate | R$ 131679 | R$ 491488 | R$ 383405 |
Additions exclusions [abstract] | |||
Tax Expense Income of Entities Exempt from Taxation | 48,594 | 3,931 | 98,376 |
Tax effect of Gains (Losses) On Equity Securities At Fair Value Through Profit or Loss | (290,039) | (429,832) | 0 |
Tax effect of other permanent differences | (10,609) | 4,325 | (4,777) |
Tax effect of equity pickup on associates | (1,220) | (3,548) | (2,359) |
Tax effect of unrecorded deferred taxes | (33,465) | (40,165) | (31,531) |
Tax benefit arising from previously unrecognised tax loss, tax credit or temporary difference of prior period used to reduce current tax expense | 1,292 | 22,492 | 0 |
Tax effect of unrealized gain on previously held interest on acquisition | 0 | 6,161 | 1,017 |
Tax Effect of Interest on Capital | 560 | 5,933 | 12,276 |
Tax effect of research and development tax benefit | 10,275 | 4,688 | 13,107 |
Tax effect of other tax incentives | 3,827 | 2,733 | 7,080 |
Tax expense (income) | R$ 139106 | R$ 68206 | R$ 290216 |
Effective tax rate | (36.00%) | 5% | 26% |
Current income tax and social contribution | R$ 292172 | R$ 171621 | R$ 216886 |
Deferred income tax and social contribution | 153,066 | 239,827 | (73,330) |
Tax expense (income) | R$ 139106 | R$ 68206 | R$ 290216 |
Income taxes - Schedule of Net
Income taxes - Schedule of Net Changes in Deferred Income Taxes (Details) R$ in Thousands | 12 Months Ended |
Dec. 31, 2022 BRL (R$) | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | R$ 49419 |
Recognized against other comprehensive income | 88,395 |
Recognized against profit or loss | 153,066 |
Recognized against goodwill | (12,318) |
Deferred tax ending balance | 179,724 |
Assets at FVOCI | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | 127,335 |
Recognized against other comprehensive income | 88,395 |
Recognized against profit or loss | 0 |
Recognized against goodwill | 0 |
Deferred tax ending balance | 215,730 |
Losses Available For Offsetting Against Future Taxable Income | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | 317,725 |
Recognized against other comprehensive income | 0 |
Recognized against profit or loss | 67,909 |
Recognized against goodwill | 0 |
Deferred tax ending balance | 385,634 |
Other temporary differences | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | 107,364 |
Recognized against other comprehensive income | 0 |
Recognized against profit or loss | 166,261 |
Recognized against goodwill | 0 |
Deferred tax ending balance | 273,625 |
Tax deductible goodwill | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | 111,298 |
Recognized against other comprehensive income | 0 |
Recognized against profit or loss | (42,281) |
Recognized against goodwill | 0 |
Deferred tax ending balance | 69,017 |
Share-based compensation | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | 41,150 |
Recognized against other comprehensive income | 0 |
Recognized against profit or loss | 17,665 |
Recognized against goodwill | 0 |
Deferred tax ending balance | 58,815 |
Contingencies arising from business combinations | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | 48,284 |
Recognized against other comprehensive income | 0 |
Recognized against profit or loss | 3,029 |
Recognized against goodwill | 0 |
Deferred tax ending balance | 51,313 |
Assets At Fair Value Through Profit Or Loss | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | (4,583) |
Recognized against other comprehensive income | 0 |
Recognized against profit or loss | 3,590 |
Recognized against goodwill | 0 |
Deferred tax ending balance | (993) |
Technological Innovation Benefit | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | (18,493) |
Recognized against other comprehensive income | 0 |
Recognized against profit or loss | (13,064) |
Recognized against goodwill | 0 |
Deferred tax ending balance | (31,557) |
Temporary differences under fundo de investimento em direitos creditorios | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | (69,556) |
Recognized against other comprehensive income | 0 |
Recognized against profit or loss | (78,368) |
Recognized against goodwill | 0 |
Deferred tax ending balance | (147,924) |
Intangible assets and property and equipment arising from business combinations | |
Reconciliation of changes in deferred tax liability (asset) [abstract] | |
Deferred tax beginning balance | (709,943) |
Recognized against other comprehensive income | 0 |
Recognized against profit or loss | 28,325 |
Recognized against goodwill | (12,318) |
Deferred tax ending balance | R$ 693936 |
Property and equipment - Summar
Property and equipment - Summary of Property and Equipment (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 1569520 | R$ 717234 |
Additions | 178,793 | 775,483 |
Disposals (a) | (111,885) | (126,901) |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | (222) | 73 |
Effects of changes in foreign exchange rates (IAS 21) | 3,478 | |
Business combination | 1,494 | 203,631 |
Ending balance | (1,641,178) | (1,569,520) |
Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 2,217,699 | 1,101,334 |
Additions | 692,206 | 1,086,113 |
Disposals (a) | (232,505) | (173,452) |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | (222) | 73 |
Effects of changes in foreign exchange rates (IAS 21) | 3,289 | |
Business combination | 1,494 | 203,631 |
Ending balance | (2,681,961) | (2,217,699) |
Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (648,179) | (384,100) |
Additions | (513,413) | (310,630) |
Disposals (a) | 120,620 | 46,551 |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 189 | |
Business combination | 0 | 0 |
Ending balance | R$ 1040783 | 648,179 |
Pin pads and POS [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 5 years | |
Pin pads and POS [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 360 days | |
Pin pads and POS [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 180 days | |
Pin pads and POS [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 1498271 | 736,775 |
Additions | 569,895 | 851,106 |
Disposals (a) | (119,784) | (107,555) |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 0 | |
Business combination | 0 | 17,945 |
Ending balance | (1,948,382) | (1,498,271) |
Pin pads and POS [member] | Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (438,346) | (248,704) |
Additions | (379,442) | (204,355) |
Disposals (a) | 77,320 | 14,713 |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 0 | |
Business combination | 0 | 0 |
Ending balance | R$ 740468 | 438,346 |
IT equipment [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 10 years | |
IT equipment [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 3 years | |
IT equipment [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 246543 | 128,244 |
Additions | 19,807 | 78,139 |
Disposals (a) | (5,322) | (4,229) |
Transfers | (2,747) | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 25 | |
Business combination | 1,352 | 47,136 |
Ending balance | (262,405) | (246,543) |
IT equipment [member] | Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (95,553) | (57,801) |
Additions | (55,803) | (40,092) |
Disposals (a) | 5,968 | 2,340 |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | (18) | |
Business combination | 0 | 0 |
Ending balance | R$ 145406 | 95,553 |
Facilities [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 14 years | |
Facilities [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 3 years | |
Facilities [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 90186 | 40,524 |
Additions | 5,005 | 14,011 |
Disposals (a) | (2,949) | (4,282) |
Transfers | 2,818 | |
Effects of hyperinflation (IAS 29) | (285) | (8) |
Effects of changes in foreign exchange rates (IAS 21) | (137) | |
Business combination | 0 | 37,123 |
Ending balance | (91,820) | (90,186) |
Facilities [member] | Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (25,066) | (17,180) |
Additions | (13,497) | (9,306) |
Disposals (a) | 726 | 1,420 |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 98 | |
Business combination | 0 | 0 |
Ending balance | R$ 37739 | 25,066 |
Buildings [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 34 years | |
Furniture And Fixtures [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 10 years | |
Furniture And Fixtures [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 3 years | |
Furniture And Fixtures [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 24754 | 14,629 |
Additions | 1,123 | 2,858 |
Disposals (a) | (1,849) | (819) |
Transfers | 64 | |
Effects of hyperinflation (IAS 29) | 1 | 8 |
Effects of changes in foreign exchange rates (IAS 21) | 3 | |
Business combination | 118 | 8,014 |
Ending balance | (24,150) | (24,754) |
Furniture And Fixtures [member] | Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (5,516) | (3,882) |
Additions | (2,424) | (1,821) |
Disposals (a) | 890 | 187 |
Transfers | 0 | 0 |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | (4) | |
Business combination | 0 | 0 |
Ending balance | R$ 7054 | 5,516 |
Machinery and equipment [member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 14 years | |
Machinery and equipment [member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 5 years | |
Machinery and equipment [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 25776 | 18,242 |
Additions | 5,445 | 1,496 |
Disposals (a) | (11,520) | (126) |
Transfers | 2,683 | |
Effects of hyperinflation (IAS 29) | 186 | 30 |
Effects of changes in foreign exchange rates (IAS 21) | 3,610 | |
Business combination | 24 | 3,451 |
Ending balance | (23,521) | (25,776) |
Machinery and equipment [member] | Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (17,861) | (14,140) |
Additions | (4,613) | (3,756) |
Disposals (a) | 3,792 | 35 |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 111 | |
Business combination | 0 | 0 |
Ending balance | R$ 18571 | 17,861 |
Vehicles and Airplanes [Member] | Top of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 10 years | |
Vehicles and Airplanes [Member] | Bottom of range | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Useful life measured as period of time, property, plant and equipment | 2 years | |
Vehicles [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 43586 | 16,261 |
Additions | 97 | 30,594 |
Disposals (a) | (16,433) | (13,058) |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 87 | 43 |
Effects of changes in foreign exchange rates (IAS 21) | (41) | |
Business combination | 0 | 9,746 |
Ending balance | (27,296) | (43,586) |
Vehicles [member] | Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (2,498) | (1,544) |
Additions | (3,534) | (5,227) |
Disposals (a) | 3,593 | 4,273 |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 2 | |
Business combination | 0 | 0 |
Ending balance | 2,437 | 2,498 |
Construction in progress [member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 14,078 | 81 |
Additions | 43,652 | 20,197 |
Disposals (a) | (7,410) | (5,255) |
Transfers | (2,818) | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 0 | |
Business combination | 0 | 1,873 |
Ending balance | (50,320) | (14,078) |
Right of Use Assets - Equipment [Member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 4,629 | 0 |
Additions | 194 | 536 |
Disposals (a) | 0 | (854) |
Transfers | ||
Effects of hyperinflation (IAS 29) | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 0 | |
Business combination | 0 | 4,947 |
Ending balance | (4,823) | (4,629) |
Right of Use Assets - Equipment [Member] | Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (505) | 0 |
Additions | (526) | (505) |
Disposals (a) | 0 | 0 |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 0 | |
Business combination | 0 | 0 |
Ending balance | 1,031 | 505 |
Right of use assets vehicles [Member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 31,547 | 20,007 |
Additions | 18,171 | 13,670 |
Disposals (a) | (5,924) | (2,130) |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 0 | |
Business combination | 0 | 0 |
Ending balance | (43,794) | (31,547) |
Right of use assets vehicles [Member] | Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (14,187) | (6,906) |
Additions | (13,125) | (8,545) |
Disposals (a) | 5,649 | 1,264 |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 0 | |
Business combination | 0 | 0 |
Ending balance | 21,663 | 14,187 |
Right of use assets offices [Member] | Gross carrying amount [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 238,329 | 126,571 |
Additions | 28,817 | 73,506 |
Disposals (a) | (61,314) | (35,144) |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | (211) | 0 |
Effects of changes in foreign exchange rates (IAS 21) | (171) | |
Business combination | 0 | 73,396 |
Ending balance | (205,450) | (238,329) |
Right of use assets offices [Member] | Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (48,647) | (33,943) |
Additions | (40,449) | (37,023) |
Disposals (a) | 22,682 | 22,319 |
Transfers | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 |
Effects of changes in foreign exchange rates (IAS 21) | 0 | |
Business combination | 0 | 0 |
Ending balance | R$ 66414 | R$ 48647 |
Property and equipment - Summ_2
Property and equipment - Summary of Depreciation and Amortization Expenses (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Property, plant and equipment [abstract] | |||
Cost of services | R$ 529793 | R$ 299240 | R$ 162202 |
General and administrative expenses | 226,353 | 161,331 | 59,593 |
Selling expenses | 43,879 | 46,798 | 34,499 |
Other income or expenses, net | 301 | 0 | 0 |
Depreciation and Amortization charges | 800,326 | 507,369 | 256,294 |
Depreciation charge | 513,413 | 310,630 | 185,335 |
Amortization charge | R$ 286913 | R$ 196739 | R$ 70959 |
Property and equipment - Additi
Property and equipment - Additional Information (Details) - Pin pads and POS [member] | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 5 years |
Top of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 360 days |
Bottom of range | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life measured as period of time, property, plant and equipment | 180 days |
Intangible assets - Estimated u
Intangible assets - Estimated useful lives (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Software | Bottom of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 3 years |
Software | Top of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 10 years |
Customer Relationship | Bottom of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 2 years |
Customer Relationship | Top of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 34 years 6 months |
Trademarks and patents | Bottom of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 7 years |
Trademarks and patents | Top of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 30 years 10 months 24 days |
Non-compete agreement | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 5 years |
Licenses | Bottom of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 1 year |
Licenses | Top of range | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life measured as period of time, intangible assets other than goodwill | 5 years |
Intangible assets - Summary of
Intangible assets - Summary of Intangible Assets (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | R$ 8277518 | R$ 1039886 | |
Additions | 1,091 | 67,907 | |
Disposals | (90,634) | (35,001) | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 1,754 | 368 | |
Effects of changes in foreign exchange rates (IAS 21) | (11,592) | (1,247) | |
Business combination | (454,195) | (7,205,605) | |
Intangible assets ending balance | 8,632,332 | 8,277,518 | R$ 1039886 |
Gross carrying amount [member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 8,822,329 | 1,389,818 | |
Additions | 288,004 | 264,646 | |
Disposals | (207,934) | (36,213) | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 1,754 | 368 | |
Effects of changes in foreign exchange rates (IAS 21) | (17,439) | (1,895) | |
Business combination | (454,195) | (7,205,605) | |
Intangible assets ending balance | 9,340,909 | 8,822,329 | 1,389,818 |
Gross carrying amount [member] | Goodwill [member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 5,591,489 | 654,044 | |
Additions | 0 | 349 | |
Disposals | (22,774) | (8,630) | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | (12,111) | 46 | |
Business combination | (90,817) | (4,945,680) | |
Intangible assets ending balance | 5,647,421 | 5,591,489 | 654,044 |
Gross carrying amount [member] | Customer Relationship | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 1,747,444 | 268,640 | |
Additions | 21,075 | 2,150 | |
Disposals | (4,015) | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | (152) | (154) | |
Business combination | (29,053) | (1,476,808) | |
Intangible assets ending balance | 1,793,405 | 1,747,444 | 268,640 |
Gross carrying amount [member] | Trademarks and patents | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 262,036 | 12,043 | |
Additions | 0 | 1,549 | |
Disposals | 0 | (13) | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 0 | 0 | |
Business combination | (288,964) | (248,457) | |
Intangible assets ending balance | 551,000 | 262,036 | 12,043 |
Gross carrying amount [member] | Software | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 1,066,470 | 314,713 | |
Additions | 207,086 | 204,316 | |
Disposals | (170,997) | (18,660) | |
Transfers | 17,117 | 25,167 | |
Effects of hyperinflation (IAS 29) | 1,754 | 368 | |
Effects of changes in foreign exchange rates (IAS 21) | (4,480) | (1,435) | |
Business combination | (45,361) | (542,001) | |
Intangible assets ending balance | 1,162,311 | 1,066,470 | 314,713 |
Gross carrying amount [member] | Non-compete agreement | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 26,024 | 1,659 | |
Additions | 0 | 0 | |
Disposals | 0 | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 0 | 0 | |
Business combination | 0 | (24,365) | |
Intangible assets ending balance | 26,024 | 26,024 | 1,659 |
Gross carrying amount [member] | Licenses for use - payment arrangements [Member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 0 | 11,435 | |
Additions | 15,104 | ||
Disposals | 0 | ||
Transfers | (3,669) | ||
Effects of hyperinflation (IAS 29) | 0 | ||
Effects of changes in foreign exchange rates (IAS 21) | 0 | ||
Business combination | 0 | ||
Intangible assets ending balance | 0 | 11,435 | |
Gross carrying amount [member] | Operating license [Member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 12,443 | 5,674 | |
Additions | 0 | 0 | |
Disposals | (6,073) | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | (696) | (352) | |
Business combination | 0 | (7,121) | |
Intangible assets ending balance | 5,674 | 12,443 | 5,674 |
Gross carrying amount [member] | Exclusivity Right [Member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 0 | 38,827 | |
Additions | 0 | ||
Disposals | 0 | ||
Transfers | 0 | ||
Effects of hyperinflation (IAS 29) | 0 | ||
Effects of changes in foreign exchange rates (IAS 21) | 0 | ||
Business combination | (38,827) | ||
Intangible assets ending balance | 0 | 38,827 | |
Gross carrying amount [member] | Software in progress [member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 43,960 | 38,816 | |
Additions | 43,115 | 35,552 | |
Disposals | (3,138) | (8,910) | |
Transfers | (17,117) | (21,498) | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 0 | 0 | |
Business combination | 0 | ||
Intangible assets ending balance | 66,820 | 43,960 | 38,816 |
Gross carrying amount [member] | Right of use assets software [Member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 72,463 | 66,837 | |
Additions | 16,728 | 5,626 | 66,837 |
Disposals | (937) | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 0 | 0 | |
Business combination | 0 | 0 | |
Intangible assets ending balance | 88,254 | 72,463 | 66,837 |
Accumulated depreciation and amortisation [member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (544,811) | (349,932) | |
Additions | (286,913) | (196,739) | |
Disposals | 117,300 | 1,212 | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 5,847 | 648 | |
Business combination | 0 | 0 | |
Intangible assets ending balance | (708,577) | (544,811) | (349,932) |
Accumulated depreciation and amortisation [member] | Customer Relationship | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (217,090) | (164,080) | |
Additions | (73,897) | (53,114) | |
Disposals | 9,650 | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 3,305 | 104 | |
Business combination | 0 | 0 | |
Intangible assets ending balance | (278,032) | (217,090) | (164,080) |
Accumulated depreciation and amortisation [member] | Trademarks and patents | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (6,908) | (9,649) | |
Additions | (3,908) | 2,741 | |
Disposals | 0 | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 0 | 0 | |
Business combination | 0 | 0 | |
Intangible assets ending balance | (10,816) | (6,908) | (9,649) |
Accumulated depreciation and amortisation [member] | Software | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (264,399) | (153,174) | |
Additions | (174,358) | (109,836) | |
Disposals | 100,754 | 1,212 | |
Transfers | 0 | (2,867) | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 68 | 266 | |
Business combination | 0 | 0 | |
Intangible assets ending balance | (337,935) | (264,399) | (153,174) |
Accumulated depreciation and amortisation [member] | Non-compete agreement | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (1,106) | (1,106) | |
Additions | (6,645) | 0 | |
Disposals | 0 | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 0 | 0 | |
Business combination | 0 | 0 | |
Intangible assets ending balance | (7,751) | (1,106) | (1,106) |
Accumulated depreciation and amortisation [member] | Licenses for use - payment arrangements [Member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 0 | (1,924) | |
Additions | (943) | ||
Disposals | 0 | ||
Transfers | 2,867 | ||
Effects of hyperinflation (IAS 29) | 0 | ||
Effects of changes in foreign exchange rates (IAS 21) | 0 | ||
Business combination | 0 | ||
Intangible assets ending balance | 0 | (1,924) | |
Accumulated depreciation and amortisation [member] | Operating license [Member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (10,854) | (5,342) | |
Additions | (3,801) | (5,790) | |
Disposals | 6,073 | 0 | |
Transfers | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 2,474 | 278 | |
Business combination | 0 | 0 | |
Intangible assets ending balance | (6,108) | (10,854) | (5,342) |
Accumulated depreciation and amortisation [member] | Exclusivity Right [Member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | 0 | (647) | |
Additions | 647 | ||
Disposals | 0 | ||
Transfers | 0 | ||
Effects of hyperinflation (IAS 29) | 0 | ||
Effects of changes in foreign exchange rates (IAS 21) | 0 | ||
Business combination | 0 | ||
Intangible assets ending balance | 0 | (647) | |
Accumulated depreciation and amortisation [member] | Right of use assets software [Member] | |||
Reconciliation of changes in intangible assets other than goodwill [abstract] | |||
Intangible assets beginning balance | (44,454) | (14,010) | |
Additions | (24,304) | (30,444) | |
Disposals | 823 | 0 | |
Transfers | 0 | 0 | |
Effects of hyperinflation (IAS 29) | 0 | 0 | |
Effects of changes in foreign exchange rates (IAS 21) | 0 | 0 | |
Business combination | 0 | 0 | |
Intangible assets ending balance | R$ 67935 | R$ 44454 | R$ 14010 |
Intangible assets - Additional
Intangible assets - Additional Information (Details) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 BRL (R$) scenario | Dec. 31, 2021 category | Nov. 30, 2022 category | |
Disclosure of detailed information about intangible assets [line items] | |||
Number of different CGU's | category | 6 | 5 | |
Explanation of period over which management has projected cash flows | The recoverable amount of the Group’s CGUs as of November 30, 2022 and as of December 31, 2021 has been determined based on a value in use calculation using cash flow projections from financial budgets approved by senior management, covering a period of 5 years in 2022, and from 5 to 10 years in 2021, depending on the characteristics of each CGU. | ||
Discounted cash flow projection period | 5 years | ||
Forecast period over cash flow to equity | 5 years | ||
Number Of Independent Scenarios | scenario | 4 | ||
Impairment loss of subsidiaries | R$ 84776 | ||
Decrease In Amortization Expense | R$ 28783 | ||
Increased average annual cash flow growth | 1,000% | ||
Decrease in average annual cash flow growth | 850% | ||
Minimum | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discounted cash flow projection period | 5 years | ||
Decrease of perpetuity rate | 50% | ||
Maximum | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discounted cash flow projection period | 10 years | ||
Increased pre-tax discount rate | 100% | ||
Cash-generating units | |||
Disclosure of detailed information about intangible assets [line items] | |||
Description of growth rate used to extrapolate cash flow projections | 6% | ||
Decrease percentage over cash flow to equity year one | 1,000% | ||
Decrease in value of expected synergies originated in business combination, percent | 10% | ||
Impairment loss of subsidiaries | R$ 28071 | ||
Cash-generating units | Minimum | |||
Disclosure of detailed information about intangible assets [line items] | |||
Description of discount rates applied to cash flow projections | 12.20% | 10.50% | |
Description of growth rate used to extrapolate cash flow projections | 4.30% | ||
Cash-generating units | Maximum | |||
Disclosure of detailed information about intangible assets [line items] | |||
Description of discount rates applied to cash flow projections | 14.40% | 18% | |
Description of growth rate used to extrapolate cash flow projections | 6.50% | ||
CGU 1 - Linx Group | |||
Disclosure of detailed information about intangible assets [line items] | |||
Number of operation reportable segment | two | ||
Forecast period over cash flow to equity | 5 years | ||
CGU 3 - Questor | |||
Disclosure of detailed information about intangible assets [line items] | |||
Description of discount rates applied to cash flow projections | 12.50% | ||
Perpetuity rate up | 5.53% | ||
Carrying amount of subsidiaries | R$ 481202 | ||
Impairment loss of subsidiaries | R$ 693776 | ||
CGU 3 - Questor | Minimum | |||
Disclosure of detailed information about intangible assets [line items] | |||
Description of discount rates applied to cash flow projections | 12.20% | ||
Perpetuity rate up | 5.50% | ||
CGU 3 - Questor | Maximum | |||
Disclosure of detailed information about intangible assets [line items] | |||
Description of discount rates applied to cash flow projections | 13.20% | ||
Perpetuity rate up | 6% |
Intangible assets - Summary o_2
Intangible assets - Summary of CGU's (Details) R$ in Thousands | Dec. 31, 2022 BRL (R$) |
CGU1 Financial Services | |
Disclosure of information for cash-generating units [line items] | |
Goodwill | R$ 444140 |
Intangible assets with indefinite useful life | 14,497 |
CGU 5 - Financial Assets Register [Member] | |
Disclosure of information for cash-generating units [line items] | |
Goodwill | 0 |
Intangible assets with indefinite useful life | 0 |
CGU 2 - Technology Enterprises [Member] | |
Disclosure of information for cash-generating units [line items] | |
Goodwill | 5,157,083 |
Intangible assets with indefinite useful life | 214,219 |
CGU 4 - Pinpag | |
Disclosure of information for cash-generating units [line items] | |
Goodwill | 44,535 |
Intangible assets with indefinite useful life | 3,057 |
CGU 5 - Cappta | |
Disclosure of information for cash-generating units [line items] | |
Goodwill | 0 |
Intangible assets with indefinite useful life | R$ 0 |
Trade accounts payable - Schedu
Trade accounts payable - Schedule of Trade Accounts Payable (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Trade and Other Current Receivables [line items] | ||
Trade accounts payable | R$ 596044 | R$ 372547 |
Taxes payable - Schedule of Tax
Taxes payable - Schedule of Taxes Payable (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Taxes payable [abstract] | ||
Income tax (IRPJ and CSLL) | R$ 223764 | R$ 107014 |
Contributions over revenue (PIS and COFINS) | 51,065 | 26,392 |
Withholding income tax | 27,582 | 22,640 |
Taxes on services (ISS) | 11,702 | 8,449 |
Withholding taxes from services taken | 6,802 | 6,362 |
Other taxes and contributions | 8,190 | 5,596 |
Total taxes payable | R$ 329105 | R$ 176453 |
Taxes payable - Schedule of T_2
Taxes payable - Schedule of Taxes Payable (Parenthetical) (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Taxes payable [abstract] | ||
income tax on the accrual basis | R$ 208939 | R$ 95511 |
Loans and financing and Oblig_4
Loans and financing and Obligations to FIDC quota holders - Additional Information (Detail) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about borrowings [line items] | |||
Obligations to FIDC quota holders | R$ 0 | R$ 932368 | |
Borrowings | R$ 5551125 | R$ 8362389 | R$ 6083650 |
CDI Rate | |||
Disclosure of detailed information about borrowings [line items] | |||
Benchmark return rate | 1,238% | 4.42% | |
Obligations to FIDC AR III quota holders (6.7.3.1) | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | R$ 952780 | R$ 2206043 | 4,114,315 |
Obligations to FIDC AR III quota holders (6.7.3.1) | CDI Rate | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings, benchmark return rate, adjustment to interest rate basis | 1.50% | 1.50% | |
Obligations to FIDC SOMA III quota holders | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | R$ 0 | 239,759 | |
Bank borrowings | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | R$ 1788427 | R$ 2697641 | 390,830 |
Bank borrowings | CDI Rate | Bottom of range | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings, benchmark return rate, adjustment to interest rate basis | 0.95% | 0.75% | |
Bank borrowings | CDI Rate | Top of range | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings, benchmark return rate, adjustment to interest rate basis | 1.44% | 1.50% | |
Debentures | |||
Disclosure of detailed information about borrowings [line items] | |||
Borrowings | R$ 0 | R$ 399509 | 398,358 |
Debentures | CDI Rate | |||
Disclosure of detailed information about borrowings [line items] | |||
Benchmark return rate | 109% | ||
Bonds | |||
Disclosure of detailed information about borrowings [line items] | |||
Benchmark return rate | 3.95% | 3.95% | |
Borrowings | R$ 2587303 | R$ 2764610 | R$ 0 |
Transactions with related par_3
Transactions with related parties - Summary of Transactions were Carried Out with Related Parties (Details) - BRL (R$) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Revenue from rendering of services, related party transactions | R$ 89000 | R$ 33000 | R$ 11000 |
Purchases of goods, related party transactions | (1,800,000) | (3,090,000) | (18,684,000) |
Associates (legal and administration services) | |||
Disclosure of transactions between related parties [line items] | |||
Revenue from rendering of services, related party transactions | 86,000 | 23,000 | 11,000 |
Entity controlled management personnel | |||
Disclosure of transactions between related parties [line items] | |||
Revenue from rendering of services, related party transactions | 3,000 | 10,000 | 0 |
Purchases of goods, related party transactions | 0 | (1,531,000) | (16,652,000) |
Associate (transaction services) | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | (1,800,000) | (1,119,000) | (2,032,000) |
Associate (transaction services) | Officers and Directors | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | (86) | (36) | |
Service Provider | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | R$ 0 | R$ 440000 | R$ 0 |
Transactions with related par_4
Transactions with related parties - Summary of Balances Outstanding at the End of Reporting Period (Details) - BRL (R$) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | ||
Receivables from related parties | R$ 10053000 | R$ 4720000 |
Allowance for expected credit losses on related parties | R$ 0 | |
Top of range | ||
Disclosure of transactions between related parties [line items] | ||
Loans payable term | 7 years | |
Loan to key management personnel [member] | ||
Disclosure of transactions between related parties [line items] | ||
Receivables from related parties | R$ 6121000 | 4,663,000 |
Convertible Notes [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Receivables from related parties | R$ 3932000 | R$ 57000 |
Transactions with related par_5
Transactions with related parties - Additional Information (Details) - BRL (R$) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | R$ 1800000 | R$ 3090000 | R$ 18684000 |
Allowance for expected credit losses on related parties | 0 | ||
Associate (transaction services) | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | 1,800,000 | 1,119,000 | R$ 2032000 |
Officers and Directors | Associate (transaction services) | |||
Disclosure of transactions between related parties [line items] | |||
Purchases of goods, related party transactions | R$ 86 | R$ 36 | |
Bottom of range | |||
Disclosure of transactions between related parties [line items] | |||
Loans payable term | 3 years | ||
Top of range | |||
Disclosure of transactions between related parties [line items] | |||
Loans payable term | 7 years |
Transactions with related par_6
Transactions with related parties - Summary of Compensation Expense (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [abstract] | ||
Key management personnel compensation, short-term employee benefits | R$ 45169 | R$ 13621 |
Share-based payments | 64,038 | 29,332 |
Key management personnel compensation | R$ 109207 | R$ 42953 |
Provision for contingencies - S
Provision for contingencies - Schedule Of Nature And Movement Of The Liabilities (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Non-current provisions, beginning balance | R$ 181849 | R$ 10150 |
Additions | 47,710 | 18,650 |
Reversals | 28,861 | 14,387 |
Interests | 19,477 | (6,317) |
Payments | (9,799) | (10,180) |
Business combination (a) | (171,299) | |
Non-current provisions, ending balance | 210,376 | 181,849 |
Civil Provision [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Non-current provisions, beginning balance | 15,610 | 9,572 |
Additions | 29,460 | 12,376 |
Reversals | 13,471 | 4,773 |
Interests | 2,030 | (1,847) |
Payments | (8,305) | (9,318) |
Business combination (a) | (5,906) | |
Non-current provisions, ending balance | 25,324 | 15,610 |
Labor Provision [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Non-current provisions, beginning balance | 16,383 | 578 |
Additions | 8,759 | 6,090 |
Reversals | 1,654 | 8,249 |
Interests | 1,239 | (402) |
Payments | (267) | (58) |
Business combination (a) | (17,620) | |
Non-current provisions, ending balance | 24,460 | 16,383 |
Tax Provision [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Non-current provisions, beginning balance | 149,856 | 0 |
Additions | 9,491 | 184 |
Reversals | 13,736 | 1,365 |
Interests | 16,208 | (4,068) |
Payments | (1,227) | (804) |
Business combination (a) | (147,773) | |
Non-current provisions, ending balance | 160,592 | 149,856 |
Tax Provision [Member] | Linx Sistemas | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Non-current provisions, beginning balance | 82,012 | |
Non-current provisions, ending balance | R$ 92206 | R$ 82012 |
Provision for contingencies - A
Provision for contingencies - Additional Information (Details) | 12 Months Ended | |
Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | |
Disclosure of other provisions [line items] | ||
Acquisitions through business combinations, other provisions | R$ 171299000 | |
Probable contingent liability | R$ 93605000 | |
Tax assessment issued | 64,309,000 | |
Judicial deposits | 17,682 | 14,887 |
Tax Provision [Member] | ||
Disclosure of other provisions [line items] | ||
Acquisitions through business combinations, other provisions | 147,773,000 | |
Annulment of Tax Debits Regarding Tax Assessment | ||
Disclosure of other provisions [line items] | ||
Contingent liability | R$ 24715000 | 21,934,000 |
ICMS tax rate | 0.25 | |
Fine rate | 0.50 | |
Annulment of Tax Debits Regarding Tax Assessment | Linx S.A. [Member] | ||
Disclosure of other provisions [line items] | ||
Contingent liability | R$ 28130000 | R$ 27376000 |
Provision for contingencies -_2
Provision for contingencies - Schedule of Provision for Estimated Possible Losses (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | R$ 557990 | R$ 223531 |
Civil contingent liability [member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | 178,809 | 130,908 |
Civil contingent liability [member] | Possible wire fraud | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | 74,474 | 12,151 |
Civil contingent liability [member] | risk analysis and retention of receivables [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | 29,619 | 13,696 |
Civil contingent liability [member] | Collection of commercial partners [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | 10,461 | 9,728 |
Civil contingent liability [member] | Chargebacks [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | 5,344 | 3,527 |
Civil contingent liability [member] | Possible payment divergence [Member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | 7,839 | 13,972 |
Labor contingent liability [member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | 238,523 | 62,299 |
Tax contingent liability [member] | ||
Disclosure Of Nature And Amount Of Loss Contingencies [line items] | ||
Estimated possible losses recognized | R$ 140658 | R$ 30324 |
Equity - Additional Information
Equity - Additional Information (Details) $ / shares in Units, R$ in Thousands | 12 Months Ended | |||||
Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2020 shares | Dec. 31, 2017 | Dec. 31, 2022 BRL (R$) shares | Dec. 31, 2021 shares | May 13, 2019 USD ($) | |
Authorized share capital | $ | $ 50,000 | |||||
Number of shares authorized (in shares) | 630,000,000 | 630,000,000 | ||||
Par value per share (in dollars per share) | $ / shares | $ 0.000079365 | |||||
Treasury shares outstanding (in shares) | 233,772 | 233,772 | 3,599,848 | |||
Largest payout of award's before 10 years lock-up periods expires, percent | 85% | |||||
Number of tranches, vesting | 3 years | |||||
Number of percentage incentive shares recognized on grant date fair value | 75% | |||||
Number of incentive Shares | 5,321,769 | |||||
Share based compensation award tranche one | ||||||
Number of percentage incentive shares recognized on grant date fair value | 75% | |||||
Shares lock-up period | 3 years | |||||
Share based compensation award tranche two | ||||||
Number of percentage incentive shares recognized on grant date fair value | 5% | |||||
Incentive shares, period of recognition from grant date | 3 years | |||||
Additional incentive shares discount rate | 5% | |||||
Share based compensation award tranche three | ||||||
Number of percentage incentive shares recognized on grant date fair value | 5% | |||||
Shares lock-up period | 7 years | |||||
Incentive shares, period of recognition from grant date | 7 years | |||||
Additional incentive shares discount rate | 5% | |||||
Top of range | ||||||
Repurchase right exercise period | 2 years | |||||
Top of range | Share based compensation award tranche two | ||||||
Shares lock-up period | 7 years | |||||
Bottom of range | Share based compensation award tranche two | ||||||
Shares lock-up period | 3 years | |||||
Former Repurchase Program | ||||||
Proceeds from share repurchase program | $ | $ 200,000,000 | |||||
Class A common stock | ||||||
Number of shares authorized (in shares) | 132,608 | 132,608 | ||||
Repurchase of common stock shares during the period (in shares) | 0 | 7,595 | ||||
Class A common stock | Reclame Aqui | ||||||
Authorized share capital | R$ | R$ 281359 | |||||
Number of shares authorized (in shares) | 1,977,391 | 1,977,391 | ||||
Treasury shares outstanding (in shares) | 974,718 | 974,718 |
Equity - Schedule of Issuances
Equity - Schedule of Issuances and Repurchases of Shares (Details) - shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Reconciliation of number of shares outstanding [abstract] | ||
Beginning balance (in shares) | 312,531,248 | 309,261,842 |
Number of shares issued in public offering | 3,132,970 | |
Conversions (in shares) | 0 | 0 |
Vested awards (in shares) | 342,351 | 136,436 |
Ending balance (in shares) | 312,873,599 | 312,531,248 |
Issued | 700,092,000 | 136,826,000 |
Class A common stock | ||
Reconciliation of number of shares outstanding [abstract] | ||
Issued | 115,660 | |
Class B common stock | ||
Reconciliation of number of shares outstanding [abstract] | ||
Issued | 226,691 | |
Non voting shares [member] | Class A common stock | ||
Reconciliation of number of shares outstanding [abstract] | ||
Beginning balance (in shares) | 266,490,063 | 257,479,140 |
Number of shares issued in public offering | 3,132,970 | |
Conversions (in shares) | 27,292,415 | 5,741,517 |
Vested awards (in shares) | 342,351 | 136,436 |
Ending balance (in shares) | 294,124,829 | 266,490,063 |
Voting shares [member] | Class B common stock | ||
Reconciliation of number of shares outstanding [abstract] | ||
Beginning balance (in shares) | 46,041,185 | 51,782,702 |
Number of shares issued in public offering | 0 | |
Conversions (in shares) | (27,292,415) | (5,741,517) |
Vested awards (in shares) | 0 | 0 |
Ending balance (in shares) | 18,748,770 | 46,041,185 |
Equity - Schedule of Incentive
Equity - Schedule of Incentive shares (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
Up to 120 | |
Incentive shares discount rate | 2,500% |
Up to 120 | Maximum | |
Incentive Shares Monthly Installments | 120 |
Up to 120 | Bottom of range | |
Time remaining to the end of the lockup period | 7 years |
Up to 120 | Top of range | |
Time remaining to the end of the lockup period | 10 years |
Up to 60 | |
Incentive shares discount rate | 2,000% |
Up to 60 | Maximum | |
Incentive Shares Monthly Installments | 60 |
Up to 60 | Bottom of range | |
Time remaining to the end of the lockup period | 3 years |
Up to 60 | Top of range | |
Time remaining to the end of the lockup period | 7 years |
Up to 36 | |
Incentive shares discount rate | 1,500% |
Up to 36 | Maximum | |
Incentive Shares Monthly Installments | 36 |
Up to 36 | Bottom of range | |
Time remaining to the end of the lockup period | 0 years |
Up to 36 | Top of range | |
Time remaining to the end of the lockup period | 3 years |
Earnings (loss) per share - Dis
Earnings (loss) per share - Disclosure of Numerator of Basic EPS Calculation Adjusted to Allocate Undistributed Earnings (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Earnings per share [abstract] | |||
Profit (loss), attributable to owners of parent | R$ 519417 | R$ 1358813 | R$ 854071 |
Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share | R$ 519417 | R$ 1358813 | R$ 854071 |
Earnings (loss) per share - D_2
Earnings (loss) per share - Disclosure of Earnings (loss) per share (Details) - BRL (R$) R$ / shares in Units, R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Earnings per share [abstract] | |||
Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share | R$ 519417 | R$ 1358813 | R$ 854071 |
Weighted average number of ordinary shares used in calculating basic earnings per share | 311,880,008 | 308,905,398 | 289,289,033 |
Denominator of basic EPS (in shares) | 311,880,008 | 308,905,398 | 289,289,033 |
Basic earnings per share (R$ per share) | R$ 1.67 | R$ 4.40 | R$ 2.95 |
Share-based payments (in shares) | 0 | 0 | 4,448,505 |
Denominator of diluted EPS (in shares) | 311,880,008 | 308,905,398 | 293,737,538 |
Diluted earnings per share (R$ per share) | R$ 1.67 | R$ 4.40 | R$ 2.91 |
Total revenue and income - Summ
Total revenue and income - Summary of Total Revenue and Income (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenue [abstract] | |||
Net revenue from transaction activities and other services | R$ 2617407 | R$ 1626853 | R$ 1144086 |
Revenue recognized at point in time | 2,617,407 | 1,626,853 | 1,144,086 |
Net revenue from subscription services and equipment rental | 1,760,915 | 1,071,932 | 388,033 |
Finance income | 4,638,022 | 1,877,683 | 1,647,017 |
Other Financial Income | 572,601 | 247,293 | 140,687 |
Revenue recognized over time | 6,971,538 | 3,196,908 | 2,175,737 |
Total revenue and income | R$ 9588945 | R$ 4823761 | R$ 3319823 |
Minimum | |||
Disclosure of significant accounting policies [line items] | |||
Contribution on gross revenue for social integration program, rate | 0.65% | ||
Contribution on gross revenue for social security financing, rate | 3% | ||
Maximum | |||
Disclosure of significant accounting policies [line items] | |||
Contribution on gross revenue for social integration program, rate | 1.65% | ||
Contribution on gross revenue for social security financing, rate | 7.60% | ||
Transaction Activities And Other Services | |||
Disclosure of significant accounting policies [line items] | |||
Contribution on gross revenue for social integration program, rate | 1.65% | ||
Contribution on gross revenue for social security financing, rate | 7.60% | ||
Social security levied on gross revenue | 4.50% | ||
Transaction Activities And Other Services | Minimum | |||
Disclosure of significant accounting policies [line items] | |||
Taxes on service | 2% | ||
Transaction Activities And Other Services | Maximum | |||
Disclosure of significant accounting policies [line items] | |||
Taxes on service | 5% | ||
Financial Income | |||
Disclosure of significant accounting policies [line items] | |||
Contribution on gross revenue for social integration program, rate | 0.65% | ||
Contribution on gross revenue for social security financing, rate | 4% |
Revenue from contracts with cus
Revenue from contracts with customers - additional information (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Accumulated impairment [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Contract assets | R$ 97982 | R$ 101008 |
Gross carrying amount [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Contract assets | R$ 199920 | R$ 215663 |
Expenses by nature - Summary of
Expenses by nature - Summary of Expenses by Nature (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of attribution of expenses by nature to their function [line items] | |||
Personnel expenses | R$ 2508567 | R$ 1489245 | R$ 833310 |
Financial expenses, net | 3,514,739 | 1,269,058 | 339,844 |
Mark-to-market on equity securities designated at FVPL | (853,056) | (1,264,213) | 0 |
Transaction and client services costs | 1,069,082 | 810,219 | 370,819 |
Depreciation and amortization | 800,326 | 507,369 | 256,294 |
Marketing expenses and sales commissions | 632,137 | 420,818 | 149,842 |
Expenses by nature third parties services | 332,081 | 305,517 | 119,904 |
Other expenses (c) | 262,658 | 192,439 | 115,211 |
Total adjusted expenses | R$ 9972646 | R$ 6258878 | R$ 2185224 |
Employee Benefits (Details)
Employee Benefits (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Classes of employee benefits expense [abstract] | |||
Wages and salaries | R$ 1727760 | R$ 1055959 | R$ 483600 |
Social security contributions | 353,789 | 258,488 | 138,960 |
Profit sharing and annual bonuses | 213,942 | 61,629 | 89,973 |
Share-based payments | 213,076 | 113,169 | 120,777 |
Total of employee benefits | R$ 2508567 | R$ 1489245 | R$ 833310 |
Share-Based Payment - Summary o
Share-Based Payment - Summary of Key Share-based Awards Expense and their Respective Equity or Liability Balances (Details) | 12 Months Ended | |
Dec. 31, 2022 segment shares | Dec. 31, 2021 shares segment | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Beginning balance | 10,687,650,000 | 4,402,694,000 |
Granted | (10,791,124,000) | (6,673,810,000) |
Issued | 700,092,000 | 136,826,000 |
Cancelled | 1,905,935,000 | 252,028,000 |
Ending balance | 18,872,747,000 | 10,687,650,000 |
Restricted share units (RSUs) [Member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Ending balance | segment | 11,507,220,000 | |
Restricted share units (RSUs) [Member] | Total | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Beginning balance | 6,585,148,000 | 4,370,192,000 |
Granted | (6,171,570,000) | (2,603,810,000) |
Issued | (700,092,000) | 136,826,000 |
Cancelled | 549,405,000 | 252,028,000 |
Ending balance | (11,507,221,000) | 6,585,148,000 |
Performance share units (PSUs) [Member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Ending balance | 7,320,367,000 | |
Performance share units (PSUs) [Member] | Total | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Beginning balance | 4,070,000,000 | 0 |
Granted | (4,606,897,000) | (4,070,000,000) |
Issued | 0 | |
Cancelled | segment | (1,356,530,000) | |
Ending balance | segment | 7,320,367,000 | 4,070,000,000 |
Stock Options [Member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Ending balance | 45,159,000 | |
Stock Options [Member] | Total | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Beginning balance | 32,502,000 | 32,502,000 |
Granted | (12,657,000) | |
Cancelled | 0 | |
Ending balance | segment | 45,159,000 | 32,502,000 |
Employee benefits - Share-Based
Employee benefits - Share-Based Payout - Detailed statement of major share-based award expenses and their respective equity or liability balances (Details) | 12 Months Ended | |||
Dec. 31, 2022 shares segment R$ / shares | Dec. 31, 2021 shares | Dec. 31, 2022 shares segment $ / shares | Dec. 31, 2020 shares | |
Disclosure of defined benefit plans [line items] | ||||
Number of share options outstanding in share-based payment arrangement | shares | 18,872,747,000 | 10,687,650,000 | 18,872,747,000 | 4,402,694,000 |
Bottom of range | ||||
Disclosure of defined benefit plans [line items] | ||||
Repurchase right exercise | 3 | |||
Top of range | ||||
Disclosure of defined benefit plans [line items] | ||||
Repurchase right exercise | 10 | |||
Restricted share units (RSUs) [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Number of share options outstanding in share-based payment arrangement | segment | 11,507,220,000 | 11,507,220,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Wheighted average fair value | R$ / shares | R$ 88800 | |||
Number of share options outstanding in share-based payment arrangement | segment | 3,427,148,000 | 3,427,148,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Wheighted average fair value | R$ / shares | R$ 136080.00 | |||
Number of share options outstanding in share-based payment arrangement | segment | 16,423,000 | 16,423,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2020 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Wheighted average fair value | R$ / shares | R$ 163180 | |||
Number of share options outstanding in share-based payment arrangement | segment | 287,693,000 | 287,693,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2021 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Wheighted average fair value | R$ / shares | R$ 348490 | |||
Number of share options outstanding in share-based payment arrangement | segment | 2,341,735,000 | 2,341,735,000 | ||
Restricted share units (RSUs) [Member] | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Wheighted average fair value | R$ / shares | R$ 49560 | |||
Number of share options outstanding in share-based payment arrangement | segment | 5,434,221,000 | 5,434,221,000 | ||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 4 years | |||
Remaining expected life | 6 months | |||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Remaining expected life | 1 year 8 months 12 days | |||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2020 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Remaining expected life | 1 month 6 days | |||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2021 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 1 year | |||
Remaining expected life | 3 months 18 days | |||
Restricted share units (RSUs) [Member] | Bottom of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 1 year | |||
Remaining expected life | 4 months 24 days | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Remaining expected life | 5 years 8 months 12 days | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Remaining expected life | 6 years 7 months 6 days | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2020 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Remaining expected life | 7 years 10 months 24 days | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2021 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Remaining expected life | 8 years 10 months 24 days | |||
Restricted share units (RSUs) [Member] | Top of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Remaining expected life | 9 years 1 month 6 days | |||
Stock Options [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Number of share options outstanding in share-based payment arrangement | shares | 45,159,000 | 45,159,000 | ||
Stock Options [Member] | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Wheighted average fair value | R$ / shares | R$ 59590 | |||
Method of valuation | Black-scholes | |||
Volatility | 50% | |||
Exercisable at year end | shares | 12,657 | |||
Exercise price | $ / shares | $ 24 | |||
Number of share options outstanding in share-based payment arrangement | shares | 39,999,000 | 39,999,000 | ||
Stock Options [Member] | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Wheighted average fair value | R$ / shares | R$ 81710 | |||
Method of valuation | Black-scholes | |||
Volatility | 69.80% | |||
Remaining expected life | 1 year 6 months | |||
Exercisable at year end | shares | 1,935 | |||
Exercise price | $ / shares | $ 30 | |||
Number of share options outstanding in share-based payment arrangement | shares | 5,160,000 | 5,160,000 | ||
Stock Options [Member] | Date of grant 2021 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Stock Options [Member] | Bottom of range | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Remaining expected life | 6 months | |||
Stock Options [Member] | Bottom of range | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 3 years | |||
Stock Options [Member] | Bottom of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 2 years | |||
Stock Options [Member] | Top of range | Date of grant 2018 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 10 years | |||
Remaining expected life | 5 years 6 months | |||
Stock Options [Member] | Top of range | Date of grant 2019 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Stock Options [Member] | Top of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Vesting conditions | 5 years | |||
Performance share units (PSUs) [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Number of share options outstanding in share-based payment arrangement | shares | 7,320,367,000 | 7,320,367,000 | ||
Performance share units (PSUs) [Member] | Date of grant 2021 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Wheighted average fair value | R$ / shares | R$ 26.74 | |||
Volatility | 71.80% | |||
Risk-free rate | 0.82% | |||
Remaining expected life | 3 years 4 months 24 days | |||
Number of share options outstanding in share-based payment arrangement | shares | 2,849,000,000 | 2,849,000,000 | ||
Performance share units (PSUs) [Member] | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Wheighted average fair value | R$ / shares | R$ 2.71 | |||
Number of share options outstanding in share-based payment arrangement | shares | 4,471,367,000 | 4,471,367,000 | ||
Performance share units (PSUs) [Member] | Bottom of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Volatility | 76.50% | |||
Risk-free rate | 2.18% | |||
Remaining expected life | 1 year 3 months 18 days | |||
Performance share units (PSUs) [Member] | Top of range | Date of grant 2022 [Member] | ||||
Disclosure of defined benefit plans [line items] | ||||
Volatility | 83.30% | |||
Risk-free rate | 4.34% | |||
Remaining expected life | 4 years 9 months 18 days |
Labor and social security liabi
Labor and social security liabilities - Summary of Labor and social security liabilities (Details) - BRL (R$) R$ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Labor and Social Security Liabilities [Abstract] | ||
Accrued Annual Payment, Charge On Social | R$ 398891 | R$ 210957 |
Labor Liabilities | 105,550 | 95,139 |
Total labor and social security liabilities | 504,441 | 306,096 |
Labor and social security liabilities | 468,599 | 273,347 |
Labor and social security liabilities | R$ 35842 | R$ 32749 |
Share-Based Payment - Additiona
Share-Based Payment - Additional Information (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of defined benefit plans [table] | |||
Share-based payments | R$ 213076 | R$ 113169 | R$ 120777 |
Description of maximum term of equity granted for share-based payment arrangement | ten | ||
Restricted share units (RSUs) [Member] | |||
Disclosure of defined benefit plans [table] | |||
Other income (expenses), net | R$ 187518 | 100,404 | 120,612 |
Performance share units (PSUs) [Member] | |||
Disclosure of defined benefit plans [table] | |||
Other income (expenses), net | 24,704 | 12,601 | 0 |
Stock Options [Member] | |||
Disclosure of defined benefit plans [table] | |||
Share-based payments | R$ 854 | R$ 165 | R$ 165 |
Share-Based Payment - Additio_2
Share-Based Payment - Additional Information (Details) R$ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 BRL (R$) shares | Dec. 31, 2021 BRL (R$) shares | Dec. 31, 2020 BRL (R$) shares | Dec. 31, 2017 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Share-based payments | R$ | R$ 213076 | R$ 113169 | R$ 120777 | |
Largest payout of award's before 10 years lock-up periods expires, percent | 85% | |||
Number of tranches, vesting | 3 years | |||
Number of percentage incentive shares recognized on grant date fair value | 75% | |||
Description of maximum term of equity granted for share-based payment arrangement | ten | |||
Cancelled | 1,905,935,000 | 252,028,000 | ||
Issued | 700,092,000 | 136,826,000 | ||
Number of shares granted (in shares) | 10,791,124,000 | 6,673,810,000 | ||
Restricted share units (RSUs) [Member] | Total | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Cancelled | 549,405,000 | 252,028,000 | ||
Issued | (700,092,000) | 136,826,000 | ||
Number of shares granted (in shares) | 6,171,570,000 | 2,603,810,000 | ||
Stock Options [Member] | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Share-based payments | R$ | R$ 854 | R$ 165 | R$ 165 | |
Stock Options [Member] | Total | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Cancelled | 0 | |||
Number of shares granted (in shares) | 12,657,000 | |||
Top of range | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Repurchase right exercise period | 2 years | |||
Class A common stock | ||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||
Repurchase of common stock shares during the period (in shares) | 0 | 7,595 | ||
Issued | 115,660 |
Transactions with non-control_3
Transactions with non-controlling interests - Schedule of Effects of Transactions With Non-controlling Interests on Equity Attributable to Owners of Parent (Details) - Transactions between subsidiaries and shareholders - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | R$ 60 | R$ 229607 | R$ 230500 |
Transfers to (from) non-controlling interests | (17,079) | (28,879) | 93,705 |
Changes in equity attributable to owners of the parent | 0 | 308,411 | 137,193 |
Consideration paid or payable to non-controlling interests | 2,829 | 229,280 | 230,898 |
Issuance of shares for purchased noncontrolling interests | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | (230,500) | 230,500 | |
Transfers to (from) non-controlling interests | (77,911) | 95,843 | |
Changes in equity attributable to owners of the parent | 308,411 | 135,055 | |
Consideration paid or payable to non-controlling interests | 230,500 | 230,898 | |
Capital contribution to subsidiary [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | 893 | 0 | |
Transfers to (from) non-controlling interests | 0 | (2,138) | |
Changes in equity attributable to owners of the parent | 0 | 2,138 | |
Consideration paid or payable to non-controlling interests | 0 | R$ 0 | |
Transaction costs from subsidiaries [Member] | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | (60) | ||
Transfers to (from) non-controlling interests | 0 | ||
Changes in equity attributable to owners of the parent | 0 | ||
Consideration paid or payable to non-controlling interests | 0 | ||
Sale of subsidiary | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | 0 | 0 | |
Transfers to (from) non-controlling interests | (20,928) | (1,220) | |
Changes in equity attributable to owners of the parent | 0 | 0 | |
Consideration paid or payable to non-controlling interests | 2,829 | (1,220) | |
Non-controlling interests arising on a business combination | |||
Disclosure of noncontrolling interests [line items] | |||
Capital contributions (deductions) by non-controlling interests | 0 | 0 | |
Transfers to (from) non-controlling interests | 3,849 | 50,252 | |
Changes in equity attributable to owners of the parent | 0 | 0 | |
Consideration paid or payable to non-controlling interests | R$ 0 | R$ 0 |
Transactions with non-control_4
Transactions with non-controlling interests - Additional Information (Details) - BRL (R$) | 12 Months Ended | |||||
Jun. 28, 2021 | Jan. 28, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Oct. 18, 2022 | |
Disclosure of noncontrolling interests [line items] | ||||||
Payments to acquire entity's shares | R$ 0 | R$ 988824000 | R$ 76361000 | |||
Proceeds from sale of shares | 0 | 0 | 7,832,590,000 | |||
Non-controlling interests(f) | 56,118,000 | 90,774,000 | ||||
Non-controlling interest in acquiree recognised at acquisition date | 189,854,000 | |||||
Transactions between subsidiaries and shareholders | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Percentage of remaining interest in the Group. | 47.75% | |||||
Transfers to (from) non-controlling interests | (17,079,000) | (28,879,000) | 93,705,000 | |||
Consideration paid or payable to non-controlling interests | 2,829,000 | 229,280,000 | R$ 230898000 | |||
SimplesVet | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 12,424,000 | 11,183,000 | ||||
VHSYS | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 19,858,000 | 12,691,000 | ||||
Questor [Member] | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 8,233,000 | |||||
Sponte [Member] | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 1,765,000 | |||||
Creditinfo Caribbean [Member] | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 5,505 | |||||
MLabs [Member] | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Non-controlling interest in acquiree recognised at acquisition date | 2,465 | |||||
PDCA | Bellver | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Purchase of new shares | 1,313,066 | |||||
Payments to acquire entity's shares | R$ 230500 | |||||
Volume-weighted average trading price, period | 30 days | |||||
Linked Gourmet | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Number of shares issued (in shares) | 4,205,115 | |||||
Percentage of voting rights held by non-controlling interests | 58.10% | |||||
Proceeds from sale of shares | R$ 1 | |||||
Non-controlling interests(f) | R$ 1219 | |||||
Percentage of ownership interests held by non-controlling interests | 41.90% | |||||
Sale of subsidiary | Transactions between subsidiaries and shareholders | ||||||
Disclosure of noncontrolling interests [line items] | ||||||
Transfers to (from) non-controlling interests | (20,928,000) | (1,220,000) | ||||
Consideration paid or payable to non-controlling interests | R$ 2829000 | R$ 1220000 |
Other disclosures on cash flo_3
Other disclosures on cash flows - Summary of Other Disclosures on Cash Flows (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Non-cash operating activities | |||
Fair Value Adjustment on Loans Designate at Fair Value Through Profit or Loss | R$ 326491 | R$ 1306205 | R$ 12461 |
Fair Value Adjustment on Mark-to-market on equity securities designated at FVPL | (853,056) | (1,264,213) | 0 |
Fair value adjustment in financial instruments at FVPL | (1,179,547) | (2,570,418) | 12,461 |
Fair value adjustment for accounts receivable | 253,181 | 303,156 | (43,523) |
Fair Value Adjustment On Equity Instruments | (6,971) | 216,465 | 40,336 |
Non-cash investing activities | |||
Property and equipment and intangible assets acquired through finance lease | 63,910 | 92,802 | 118,977 |
Non-cash financing activities | |||
Unpaid consideration for acquisition of non-controlling shares | 1,498 | 1,823 | 3,088 |
Settlement of loans with private entities | 0 | 748,297 | 0 |
Shares of the Company delivered at Reclame Aqui acquisition 21.3.4(a) | 169,864 | 0 | 0 |
Property and equipment, and intangible assets | |||
Additions of property and equipment | (178,793) | (775,483) | |
Payments From Previous Year | (51,614) | (33,353) | (1,050) |
Purchases Not Yet Paid During The Period | 176,835 | 51,614 | 33,353 |
Prepaid Purchases Of Point Of Sales | 102,070 | (102,314) | (5,987) |
Purchase of property, plant and equipment | (417,733) | (1,082,990) | (372,138) |
Additions other than through business combinations, intangible assets other than goodwill | (1,091) | (67,907) | |
Payments From Previous Year | (41,898) | 0 | 0 |
Purchases Not Paid at Year End | 6,593 | 41,898 | 0 |
Capitalization of borrowing costs | 1,069 | 592 | 508 |
Issuance of shares for the acquisition of assets | 0 | 849 | 0 |
Purchases and development of intangible assets | (305,512) | (215,681) | (82,965) |
Net book value of disposed assets | 202,519 | 161,902 | 96,704 |
Net Book Value of Disposed Leases | (52,164) | (14,474) | (36,919) |
Loss on disposal of property and equipment and intangible assets | (25,347) | (136,104) | (52,658) |
Outstanding balance | (36,684) | 0 | 0 |
Proceeds from disposals of property, plant and equipment, intangible assets other than goodwill, investment property and other non-current assets | 27,008 | 100 | 7,127 |
Creditinfo | |||
Property and equipment, and intangible assets | |||
Business Combination, Loss on Disposal of Property and Equipment and Intangible Assets | 61,316 | 0 | 0 |
Linked [Member] | |||
Property and equipment, and intangible assets | |||
Business Combination, Loss on Disposal of Property and Equipment and Intangible Assets | 0 | (11,224) | 0 |
IFRS 16 | |||
Property and equipment, and intangible assets | |||
Additions of right of use | 47,182 | 87,176 | 52,140 |
Gross carrying amount [member] | |||
Property and equipment, and intangible assets | |||
Additions of property and equipment | (692,206) | (1,086,113) | |
Additions of property and equipment | 692,206 | 1,086,113 | 450,594 |
Additions other than through business combinations, intangible assets other than goodwill | (288,004) | (264,646) | |
Additions of intangible assets | 288,004 | 264,646 | 150,310 |
Gross carrying amount [member] | Right of use assets software [Member] | |||
Property and equipment, and intangible assets | |||
Additions other than through business combinations, intangible assets other than goodwill | R$ 16728 | R$ 5626 | R$ 66837 |
Business combinations - Acquisi
Business combinations - Acquisitions in 2021, Additional Information (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Not later than one year [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Period for the valuation and frequently evaluates the acquired assets and the assumed liabilities, after the acquisition | 12 months | |
VHSYS | ||
Disclosure of detailed information about business combination [line items] | ||
Percentage of equity interest acquired | 33.33% | |
Previously held equity interest in the acquiree, at fair value | R$ 24064 | R$ 24064 |
Linx S.A. [Member] | ||
Disclosure of detailed information about business combination [line items] | ||
Previously held equity interest in the acquiree, at fair value | 1,335,603 | R$ 1335603 |
Collact | ||
Disclosure of detailed information about business combination [line items] | ||
Previously held equity interest in the acquiree, at fair value | R$ 3838 | |
Reclame Aqui | ||
Disclosure of detailed information about business combination [line items] | ||
Percentage of equity interest acquired | 50% | |
Plugg [Member] | ||
Disclosure of detailed information about business combination [line items] | ||
Percentage of equity interest acquired | 100% | |
Hubcount [Member] | ||
Disclosure of detailed information about business combination [line items] | ||
Percentage of equity interest acquired | 75% |
Business combinations - Financi
Business combinations - Financial Position of the Business Acquired in 2021 (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | |||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Aug. 31, 2022 | Jun. 08, 2022 | Feb. 17, 2022 | |
Disclosure of detailed information about business combination [line items] | ||||||
Cash and cash equivalents | R$ 816 | |||||
Short-term investments | 9,024 | |||||
Trade accounts receivable | 10,037 | |||||
Recoverable taxes | 281 | |||||
Receivables from related parties | 62 | |||||
Property and equipment | 1,490 | |||||
Intangible assets - Customer relationship | 29,053 | |||||
Intangible asset - Software | 45,361 | |||||
Intangible asset - Trademarks and patents | 288,964 | |||||
Other assets | 64,119 | |||||
Total assets | 449,207 | |||||
Trade accounts payable | 21,423 | |||||
Loans and financing | 4,463 | |||||
Labor and social security liabilities | 3,044 | |||||
Accounts payable to clients | 16,614,513 | R$ 15726502 | ||||
Taxes payable | 3,718 | |||||
Deferred tax liabilities | 12,318 | |||||
Other liabilities | 3,241 | |||||
Total liabilities | 48,207 | |||||
Net assets and liabilities | 401,000 | |||||
Consideration transferred, acquisition-date fair value | 491,817 | |||||
Goodwill | 90,817 | |||||
Non-controlling interests arising on a business combination | 50,252 | R$ 61720 | ||||
Reclame Aqui | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash and cash equivalents | R$ 418 | |||||
Short-term investments | 9,024 | |||||
Trade accounts receivable | 7,938 | |||||
Recoverable taxes | 148 | |||||
Receivables from related parties | 62 | |||||
Property and equipment | 1,285 | |||||
Intangible assets - Customer relationship | 26,964 | |||||
Intangible asset - Software | 11,220 | |||||
Intangible asset - Trademarks and patents | 288,964 | |||||
Other assets | 63,651 | |||||
Total assets | 409,674 | |||||
Trade accounts payable | 17,401 | |||||
Loans and financing | 4,463 | |||||
Labor and social security liabilities | 2,190 | |||||
Taxes payable | 3,364 | |||||
Deferred tax liabilities | 0 | |||||
Other liabilities | 3,154 | |||||
Total liabilities | 30,572 | |||||
Net assets and liabilities | 379,102 | |||||
Consideration transferred, acquisition-date fair value | 435,164 | 435,164 | ||||
Goodwill | R$ 56062 | |||||
Plugg [Member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash and cash equivalents | R$ 362 | |||||
Short-term investments | 0 | |||||
Trade accounts receivable | 1,864 | |||||
Recoverable taxes | 91 | |||||
Receivables from related parties | 0 | |||||
Property and equipment | 0 | |||||
Intangible assets - Customer relationship | 2,089 | |||||
Intangible asset - Software | 34,141 | |||||
Intangible asset - Trademarks and patents | 0 | |||||
Other assets | 8 | |||||
Total assets | 38,555 | |||||
Trade accounts payable | 3,943 | |||||
Loans and financing | 0 | |||||
Labor and social security liabilities | 541 | |||||
Taxes payable | 313 | |||||
Deferred tax liabilities | 12,318 | |||||
Other liabilities | 0 | |||||
Total liabilities | 17,115 | |||||
Net assets and liabilities | 21,440 | |||||
Consideration transferred, acquisition-date fair value | 46,038 | 46,038 | ||||
Goodwill | R$ 24598 | |||||
Hubcount [Member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash and cash equivalents | R$ 36 | |||||
Short-term investments | 0 | |||||
Trade accounts receivable | 235 | |||||
Recoverable taxes | 42 | |||||
Receivables from related parties | 0 | |||||
Property and equipment | 205 | |||||
Intangible assets - Customer relationship | 0 | |||||
Intangible asset - Software | 0 | |||||
Intangible asset - Trademarks and patents | 0 | |||||
Other assets | 460 | |||||
Total assets | 978 | |||||
Trade accounts payable | 79 | |||||
Loans and financing | 0 | |||||
Labor and social security liabilities | 313 | |||||
Taxes payable | 41 | |||||
Deferred tax liabilities | ||||||
Other liabilities | 87 | |||||
Total liabilities | 520 | |||||
Net assets and liabilities | 458 | |||||
Consideration transferred, acquisition-date fair value | 10,615 | 10,615 | ||||
Goodwill | R$ 10157 | |||||
SimplesVet | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash and cash equivalents | 11,107 | 11,107 | ||||
Trade accounts receivable | 96 | 96 | ||||
Recoverable taxes | 20 | 0 | ||||
Property and equipment | 179 | 179 | ||||
Intangible assets - Customer relationship | 6,826 | 15,924 | ||||
Intangible asset - Software | 15,666 | 2,807 | ||||
Other assets | 116 | 137 | ||||
Total assets | 34,010 | 30,250 | ||||
Trade accounts payable | 106 | 106 | ||||
Labor and social security liabilities | 566 | 566 | ||||
Taxes payable | 580 | 0 | ||||
Deferred tax liabilities | 7,648 | 6,369 | ||||
Other liabilities | 263 | 843 | ||||
Total liabilities | 9,163 | 7,884 | ||||
Net assets and liabilities | 24,847 | 22,366 | ||||
Consideration transferred, acquisition-date fair value | 37,481 | 39,583 | ||||
Goodwill | 12,634 | 17,217 | ||||
Change in property and equipment | 0 | |||||
Measurement Period Adjustments Recognized For Cash And Cash Equivalents | 0 | |||||
Measurement Period Adjustments Recognized For Trade Accounts Receivable | 0 | |||||
Intangible asset - Customer relationship | (9,098) | |||||
Measurement Period Adjustments Recognized For Other Assets | (21) | |||||
Measurement Period Adjustments Recognized For Assets | 3,760 | |||||
Measurement Period Adjustments Recognized For Trade Accounts Payable | 0 | |||||
Measurement Period Adjustments Recognized For Labor And Social Security Liabilities | 0 | |||||
Measurement Period Adjustments Recognized For Current Tax Liabilities | 580 | |||||
Measurement Period Adjustments Recognized For Deferred Tax Liabilities | 1,279 | |||||
Measurement Period Adjustments Recognized For Other Liabilities | (580) | |||||
Measurement Period Adjustments Recognized For Liabilities | 1,279 | |||||
Non-controlling interests arising on a business combination | 2,481 | |||||
Consideration paid | (2,102) | |||||
Increase (decrease) in goodwill | (4,583) | |||||
Intangible asset - Software | 12,859 | |||||
Measurement Period Adjustments Recognized For Recoverable Taxes | 20 | |||||
VHSYS | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash and cash equivalents | 13,731 | 13,731 | ||||
Trade accounts receivable | 351 | 351 | ||||
Recoverable taxes | 38 | 0 | ||||
Property and equipment | 2,236 | 2,232 | ||||
Intangible assets - Customer relationship | 672 | 6,134 | ||||
Intangible asset - Software | 22,798 | 14,583 | ||||
Intangible asset - Trademarks and patents | 21,513 | 0 | ||||
Other assets | 49 | 109 | ||||
Total assets | 61,388 | 39,662 | ||||
Trade accounts payable | 3,515 | 3,515 | ||||
Loans and financing | 1,525 | 1,525 | ||||
Labor and social security liabilities | 2,019 | 2,019 | ||||
Taxes payable | 174 | 0 | ||||
Deferred tax liabilities | 14,437 | 7,044 | ||||
Other liabilities | 0 | 177 | ||||
Total liabilities | 21,672 | 14,280 | ||||
Net assets and liabilities | 39,716 | 25,382 | ||||
Consideration transferred, acquisition-date fair value | 62,578 | 55,411 | ||||
Goodwill | 22,862 | 30,029 | ||||
Intangible assets | 0 | 2,522 | ||||
Provision for contingencies | 2 | 0 | ||||
Change in property and equipment | 4 | |||||
Measurement Period Adjustments Recognized For Cash And Cash Equivalents | 0 | |||||
Measurement Period Adjustments Recognized For Trade Accounts Receivable | 0 | |||||
Intangible asset - Customer relationship | (5,462) | |||||
Measurement Period Adjustments Recognized For Other Assets | (60) | |||||
Measurement Period Adjustments Recognized For Assets | 21,726 | |||||
Measurement Period Adjustments Recognized For Trade Accounts Payable | 0 | |||||
Measurement Period Adjustments Recognized For Loans and Financing | 0 | |||||
Measurement Period Adjustments Recognized For Labor And Social Security Liabilities | 0 | |||||
Measurement Period Adjustments Recognized For Current Tax Liabilities | 174 | |||||
Measurement Period Adjustments Recognized For Deferred Tax Liabilities | 7,393 | |||||
Measurement Period Adjustments Recognized For Other Liabilities | (177) | |||||
Measurement Period Adjustments Recognized For Liabilities | 7,392 | |||||
Non-controlling interests arising on a business combination | 14,334 | |||||
Consideration paid | 7,167 | |||||
Increase (decrease) in goodwill | (7,167) | |||||
Measurement Period Adjustments Recognized For Intangible Assets | (2,522) | |||||
Intangible asset - Software | 8,215 | |||||
Intangible asset - Trademarks and patents | 21,513 | |||||
Provision for contingencies | 2 | |||||
Measurement Period Adjustments Recognized For Recoverable Taxes | 38 | |||||
Linx S.A. [Member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash and cash equivalents | 41,618 | 41,618 | ||||
Short-term investments | 431,444 | 431,444 | ||||
Trade accounts receivable | 212,567 | 212,567 | ||||
Recoverable taxes | 28,206 | 43,927 | ||||
Property and equipment | 200,420 | 200,420 | ||||
Intangible assets - Customer relationship | 1,470,842 | 1,471,741 | ||||
Intangible asset - Software | 340,780 | 340,780 | ||||
Intangible asset - Trademarks and patents | 214,578 | 214,578 | ||||
Other assets | 77,367 | 77,367 | ||||
Total assets | 3,649,409 | 3,492,927 | ||||
Trade accounts payable | 107,205 | 107,205 | ||||
Loans and financing | 346,151 | 346,151 | ||||
Labor and social security liabilities | 85,829 | 85,829 | ||||
Taxes payable | 34,635 | 34,635 | ||||
Deferred tax liabilities | 618,463 | 608,749 | ||||
Other liabilities | 111,233 | 111,233 | ||||
Total liabilities | 1,800,677 | 1,790,963 | ||||
Net assets and liabilities | 1,848,732 | 1,701,964 | ||||
Consideration transferred, acquisition-date fair value | 6,762,265 | 6,737,900 | ||||
Goodwill | 4,913,533 | 5,035,936 | ||||
Deferred tax assets | 196,099 | 47,362 | ||||
Intangible assets | 56,917 | 56,917 | ||||
Provision for contingencies | 164,259 | 164,259 | ||||
Change in property and equipment | 0 | |||||
Measurement Period Adjustments Recognized For Cash And Cash Equivalents | 0 | |||||
Measurement Period Adjustments Recognized For Short-term Investments | 0 | |||||
Measurement Period Adjustments Recognized For Trade Accounts Receivable | 0 | |||||
Intangible asset - Customer relationship | (899) | |||||
Measurement Period Adjustments Recognized For Other Assets | 0 | |||||
Measurement Period Adjustments Recognized For Assets | 156,482 | |||||
Accounts Payable To Clients Recognized As Of Acquisition Date | 332,902 | 332,902 | ||||
Measurement Period Adjustments Recognized For Trade Accounts Payable | 0 | |||||
Measurement Period Adjustments Recognized For Loans and Financing | 0 | |||||
Measurement Period Adjustments Recognized For Labor And Social Security Liabilities | 0 | |||||
Measurement Period Adjustments Recognized For Current Tax Liabilities | 0 | |||||
Measurement Period Adjustments Recognized For Deferred Tax Liabilities | 9,714 | |||||
Measurement Period Adjustments Recognized For Other Liabilities | 0 | |||||
Measurement Period Adjustments Recognized For Liabilities | 9,714 | |||||
Non-controlling interests arising on a business combination | 146,768 | |||||
Consideration paid | 24,365 | |||||
Increase (decrease) in goodwill | (122,403) | |||||
Measurement Period Adjustments Recognized For Intangible Assets | 0 | |||||
Intangible asset - Software | 0 | |||||
Intangible asset - Trademarks and patents | 0 | |||||
Measurement Period Adjustments Recognized For Intangible Assets, Non-compete agreement | 24,365 | |||||
Non-compete agreement, intangible assets recognised as of acquisition date | 24,365 | 0 | ||||
Provision for contingencies | 0 | |||||
Measurement Period Adjustments Recognized For Deferred Tax Assets | 148,737 | |||||
Measurement Period Adjustments Recognized For Accounts Receivable from Card Issuers | 0 | |||||
Accounts Receivable From Card Issuers Recognized As Of Acquisition Date | 349,471 | 349,471 | ||||
Measurement Period Adjustments Recognized For Recoverable Taxes | (15,721) | |||||
Prepaid Expenses Recognized As Of Acquisition Date | 4,735 | 4,735 | ||||
Measurement Period Adjustments Recognized For Prepaid Expenses | 0 | |||||
Measurement Period Adjustments Recognized For Accounts Payable to Clients | 0 | |||||
Collact | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash and cash equivalents | 38 | 38 | ||||
Trade accounts receivable | 29 | 29 | ||||
Property and equipment | 389 | 389 | ||||
Intangible assets - Customer relationship | 294 | 0 | ||||
Intangible asset - Software | 1,116 | 11,634 | ||||
Intangible asset - Trademarks and patents | 0 | 774 | ||||
Other assets | 321 | 321 | ||||
Total assets | 2,187 | 13,185 | ||||
Labor and social security liabilities | 852 | 852 | ||||
Accounts payable to clients | 261 | 261 | ||||
Measurement Period Adjustments Recognized For accounts payables to clients | 0 | |||||
Taxes payable | 10 | 10 | ||||
Deferred tax liabilities | 479 | 4,218 | ||||
Other liabilities | 902 | 902 | ||||
Total liabilities | 2,504 | 6,243 | ||||
Net assets and liabilities | (317) | 6,942 | ||||
Consideration transferred, acquisition-date fair value | 14,116 | 14,116 | ||||
Goodwill | 14,433 | 7,174 | ||||
Change in property and equipment | 0 | |||||
Measurement Period Adjustments Recognized For Cash And Cash Equivalents | 0 | |||||
Measurement Period Adjustments Recognized For Trade Accounts Receivable | 0 | |||||
Intangible asset - Customer relationship | 294 | |||||
Measurement Period Adjustments Recognized For Other Assets | 0 | |||||
Measurement Period Adjustments Recognized For Assets | (10,998) | |||||
Measurement Period Adjustments Recognized For Labor And Social Security Liabilities | 0 | |||||
Measurement Period Adjustments Recognized For Current Tax Liabilities | 0 | |||||
Measurement Period Adjustments Recognized For Deferred Tax Liabilities | (3,739) | |||||
Measurement Period Adjustments Recognized For Other Liabilities | 0 | |||||
Measurement Period Adjustments Recognized For Liabilities | (3,739) | |||||
Non-controlling interests arising on a business combination | (7,259) | |||||
Consideration paid | 0 | |||||
Increase (decrease) in goodwill | 7,259 | |||||
Intangible asset - Software | (10,518) | |||||
Intangible asset - Trademarks and patents | (774) | |||||
Trampolin | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash and cash equivalents | 294 | 294 | ||||
Trade accounts receivable | 130 | 130 | ||||
Property and equipment | 9 | 9 | ||||
Intangible asset - Software | 1,460 | 7,874 | ||||
Other assets | 2 | 2 | ||||
Total assets | 1,895 | 8,309 | ||||
Deferred tax liabilities | 497 | 2,677 | ||||
Other liabilities | 125 | 125 | ||||
Total liabilities | 622 | 2,802 | ||||
Net assets and liabilities | 1,273 | 5,507 | ||||
Consideration transferred, acquisition-date fair value | 23,299 | 24,993 | ||||
Goodwill | 22,026 | 19,486 | ||||
Change in property and equipment | 0 | |||||
Measurement Period Adjustments Recognized For Cash And Cash Equivalents | 0 | |||||
Measurement Period Adjustments Recognized For Trade Accounts Receivable | 0 | |||||
Measurement Period Adjustments Recognized For Other Assets | 0 | |||||
Measurement Period Adjustments Recognized For Assets | (6,414) | |||||
Measurement Period Adjustments Recognized For Deferred Tax Liabilities | (2,180) | |||||
Measurement Period Adjustments Recognized For Other Liabilities | 0 | |||||
Measurement Period Adjustments Recognized For Liabilities | (2,180) | |||||
Non-controlling interests arising on a business combination | (4,234) | |||||
Consideration paid | R$ 1694 | (1,694) | ||||
Increase (decrease) in goodwill | 2,540 | |||||
Intangible asset - Software | R$ 6414 |
Business combinations - Intangi
Business combinations - Intangible Assets from the Business Combination (Details) - 12 months ended Dec. 31, 2022 R$ in Thousands | BRL (R$) | Total | segment |
Reclame Aqui | Customer relationships | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 26964 | ||
Useful life measured as period of time, intangible assets other than goodwill | 5 years 9 months | ||
Reclame Aqui | Customer relationships | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | 0.140 | ||
Reclame Aqui | Software | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 11220 | ||
Useful life measured as period of time, intangible assets other than goodwill | 5 years | ||
Reclame Aqui | Software | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 0.140 | ||
Reclame Aqui | Brand names [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 288964 | ||
Useful life measured as period of time, intangible assets other than goodwill | 30 years 9 months | ||
Reclame Aqui | Brand names [member] | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 0.140 | ||
Plugg [Member] | Customer relationships | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 2089 | ||
Useful life measured as period of time, intangible assets other than goodwill | 3 years 7 months | ||
Plugg [Member] | Customer relationships | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | 0.150 | ||
Plugg [Member] | Software | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 34141 | ||
Useful life measured as period of time, intangible assets other than goodwill | 5 years | ||
Plugg [Member] | Software | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 0.150 | ||
SimplesVet | Customer relationships | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 6826 | ||
Useful life measured as period of time, intangible assets other than goodwill | 8 years | ||
SimplesVet | Customer relationships | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 14 | ||
SimplesVet | Software | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 15666 | ||
Useful life measured as period of time, intangible assets other than goodwill | 6 years | ||
SimplesVet | Software | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 13.6 | ||
VHSYS | Customer relationships | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 672 | ||
Useful life measured as period of time, intangible assets other than goodwill | 3 years 4 months | ||
VHSYS | Customer relationships | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 13.9 | ||
VHSYS | Software | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 22798 | ||
Useful life measured as period of time, intangible assets other than goodwill | 6 years | ||
VHSYS | Software | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 13.5 | ||
VHSYS | Brand names [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 21513 | ||
VHSYS | Brand names [member] | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 13.5 | ||
Linx S.A. [Member] | Customer relationships | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 1470842 | ||
Linx S.A. [Member] | Customer relationships | Bottom of range | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life measured as period of time, intangible assets other than goodwill | 31 years 6 months | ||
Linx S.A. [Member] | Customer relationships | Top of range | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life measured as period of time, intangible assets other than goodwill | 34 years 6 months | ||
Linx S.A. [Member] | Customer relationships | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 10.3 | ||
Linx S.A. [Member] | Software | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 340780 | ||
Linx S.A. [Member] | Software | Bottom of range | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life measured as period of time, intangible assets other than goodwill | 4 years | ||
Linx S.A. [Member] | Software | Top of range | |||
Disclosure of detailed information about intangible assets [line items] | |||
Useful life measured as period of time, intangible assets other than goodwill | 10 years | ||
Linx S.A. [Member] | Software | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 10.3 | ||
Linx S.A. [Member] | Brand names [member] | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 214578 | ||
Useful life measured as period of time, intangible assets other than goodwill | 5 years | ||
Linx S.A. [Member] | Brand names [member] | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | 10.3 | 10.3 | |
Linx S.A. [Member] | Non-compete agreement | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 24365 | ||
Trampolin | Software | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 1460 | ||
Useful life measured as period of time, intangible assets other than goodwill | 5 years | ||
Trampolin | Software | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 17.3 | ||
Collact | Customer relationships | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 294 | ||
Useful life measured as period of time, intangible assets other than goodwill | 2 years 7 months | ||
Collact | Customer relationships | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 13.8 | ||
Collact | Software | |||
Disclosure of detailed information about intangible assets [line items] | |||
Intangible assets other than goodwill | R$ 1115 | ||
Useful life measured as period of time, intangible assets other than goodwill | 5 years | ||
Collact | Software | Discount rate, measurement input | |||
Disclosure of detailed information about intangible assets [line items] | |||
Discount rate | segment | 13.8 |
Business combinations - Conside
Business combinations - Consideration Paid in 2021 (Details) - BRL (R$) | 12 Months Ended | |||||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Aug. 31, 2022 | Jun. 08, 2022 | Feb. 17, 2022 | |
Disclosure of detailed information about business combination [line items] | ||||||
Cash Transferred As Of Acquisition Date | R$ 70653000 | |||||
Cash To Be Transferred After Acquisition Date | 29,744,000 | |||||
Shares of the Company delivered to selling shareholders | 113,779,000 | |||||
Capital increase in the acquiree | 64,013,000 | |||||
Non-controlling interest in acquiree | 189,854,000 | |||||
Call option in the acquiree | 16,200,000 | |||||
Contingent consideration | 39,974,000 | |||||
Consideration transferred, acquisition-date fair value | 491,817,000 | |||||
Consideration Transferred, Adjustments [Abstract] | ||||||
Provision for contingencies | (9,799,000) | R$ 10180000 | R$ 2193000 | |||
Assets recognised as of acquisition date | 449,207,000 | |||||
Trade accounts receivable | 10,037,000 | |||||
Recoverable taxes | 281,000 | |||||
Intangible assets - Customer relationship | 29,053,000 | |||||
MLabs [Member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Non-controlling interest in acquiree | 2,465 | |||||
Hubcount [Member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash Transferred As Of Acquisition Date | 7,500,000 | |||||
Cash To Be Transferred After Acquisition Date | 3,000,000 | |||||
Shares of the Company delivered to selling shareholders | 0 | |||||
Capital increase in the acquiree | 0 | |||||
Non-controlling interest in acquiree | 115,000 | |||||
Call option in the acquiree | 0 | |||||
Contingent consideration | 0 | |||||
Consideration transferred, acquisition-date fair value | 10,615,000 | R$ 10615000 | ||||
Consideration Transferred, Adjustments [Abstract] | ||||||
Assets recognised as of acquisition date | 978,000 | |||||
Trade accounts receivable | 235,000 | |||||
Recoverable taxes | 42,000 | |||||
Intangible assets - Customer relationship | R$ 0 | |||||
Plugg [Member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash Transferred As Of Acquisition Date | 20,880,000 | |||||
Cash To Be Transferred After Acquisition Date | 16,744,000 | |||||
Shares of the Company delivered to selling shareholders | 0 | |||||
Capital increase in the acquiree | 0 | |||||
Non-controlling interest in acquiree | 0 | |||||
Call option in the acquiree | 0 | |||||
Contingent consideration | 8,414,000 | |||||
Consideration transferred, acquisition-date fair value | 46,038,000 | R$ 46038000 | ||||
Consideration Transferred, Adjustments [Abstract] | ||||||
Assets recognised as of acquisition date | 38,555,000 | |||||
Trade accounts receivable | 1,864,000 | |||||
Recoverable taxes | 91,000 | |||||
Intangible assets - Customer relationship | R$ 2089000 | |||||
Reclame Aqui | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash Transferred As Of Acquisition Date | 42,273,000 | |||||
Cash To Be Transferred After Acquisition Date | 10,000,000 | |||||
Shares of the Company delivered to selling shareholders | 113,779,000 | |||||
Capital increase in the acquiree | 64,013,000 | |||||
Non-controlling interest in acquiree | 189,739,000 | |||||
Call option in the acquiree | 16,200,000 | |||||
Contingent consideration | 31,560,000 | |||||
Consideration transferred, acquisition-date fair value | 435,164,000 | R$ 435164000 | ||||
Treasury shares used for capital increase | 56,085,000 | |||||
Increase (decrease) through treasury share transactions, equity | 169,864,000 | |||||
Gain recognized of the group | R$ 53406000 | |||||
Difference about gain recognized of the group | 2,398,300,000% | |||||
Consideration Transferred, Adjustments [Abstract] | ||||||
Assets recognised as of acquisition date | 409,674,000 | |||||
Trade accounts receivable | 7,938,000 | |||||
Recoverable taxes | 148,000 | |||||
Intangible assets - Customer relationship | R$ 26964000 | |||||
SimplesVet | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash Transferred As Of Acquisition Date | R$ 15650000 | 15,650,000 | ||||
Cash To Be Transferred After Acquisition Date | 5,750,000 | 5,750,000 | ||||
Non-controlling interest in acquiree | 12,424,000 | 11,183,000 | ||||
Contingent consideration | 3,657,000 | 7,000,000 | ||||
Consideration transferred, acquisition-date fair value | 37,481,000 | 39,583,000 | ||||
Consideration Transferred, Adjustments [Abstract] | ||||||
Cash consideration paid to the selling shareholders | 0 | |||||
Cash consideration to be paid to the selling shareholders | 0 | |||||
Non-controlling interest in the acquiree | 1,241,000 | |||||
Provision for contingencies | (3,343,000) | |||||
Consideration paid | (2,102,000) | |||||
Assets recognised as of acquisition date | 34,010,000 | 30,250,000 | ||||
Trade accounts receivable | 96,000 | 96,000 | ||||
Recoverable taxes | 20,000 | 0 | ||||
Intangible assets - Customer relationship | 6,826,000 | 15,924,000 | ||||
VHSYS | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash Transferred As Of Acquisition Date | 18,656,000 | 18,656,000 | ||||
Non-controlling interest in acquiree | 19,858,000 | 12,691,000 | ||||
Consideration transferred, acquisition-date fair value | 62,578,000 | 55,411,000 | ||||
Acquisition-date fair value of equity interest in acquiree held by acquirer immediately before acquisition date, Adjustment | 0 | |||||
Previously held equity interest in the acquiree, at fair value | (24,064,000) | (24,064,000) | ||||
Consideration Transferred, Adjustments [Abstract] | ||||||
Cash consideration paid to the selling shareholders | 0 | |||||
Non-controlling interest in the acquiree | 7,167,000 | |||||
Consideration paid | 7,167,000 | |||||
Assets recognised as of acquisition date | 61,388,000 | 39,662,000 | ||||
Trade accounts receivable | 351,000 | 351,000 | ||||
Recoverable taxes | 38,000 | 0 | ||||
Intangible assets - Customer relationship | 672,000 | 6,134,000 | ||||
Linx S.A. [Member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash Transferred As Of Acquisition Date | 4,752,811,000 | 4,752,811,000 | ||||
Equity Interests Of Acquirer Issued To Selling Shareholders | 618,514,000 | 618,514,000 | ||||
Contingent consideration | 55,337,000 | 30,972,000 | ||||
Consideration transferred, acquisition-date fair value | 6,762,265,000 | 6,737,900,000 | ||||
Acquisition-date fair value of equity interest in acquiree held by acquirer immediately before acquisition date, Adjustment | 0 | |||||
Previously held equity interest in the acquiree, at fair value | (1,335,603,000) | (1,335,603,000) | ||||
Equity Interests Of Acquirer Issued To Selling Shareholders, Adjustment | 0 | |||||
Consideration Transferred, Adjustments [Abstract] | ||||||
Cash consideration paid to the selling shareholders | 0 | |||||
Provision for contingencies | 24,365,000 | |||||
Consideration paid | 24,365,000 | |||||
Assets recognised as of acquisition date | 3,649,409,000 | 3,492,927,000 | ||||
Trade accounts receivable | 212,567,000 | 212,567,000 | ||||
Recoverable taxes | 28,206,000 | 43,927,000 | ||||
Intangible assets - Customer relationship | 1,470,842,000 | 1,471,741,000 | ||||
Trampolin | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash Transferred As Of Acquisition Date | 13,402,000 | 13,402,000 | ||||
Contingent consideration | 0 | 1,694,000 | ||||
Consideration transferred, acquisition-date fair value | 23,299,000 | 24,993,000 | ||||
Equity Interests Of Acquirer To Be Issued, Adjustment | 0 | |||||
Equity Interests Of Acquirer To Be Issued | 9,897,000 | 9,897,000 | ||||
Consideration Transferred, Adjustments [Abstract] | ||||||
Cash consideration paid to the selling shareholders | 0 | |||||
Provision for contingencies | (1,694,000) | |||||
Consideration paid | (1,694,000) | (1,694,000) | ||||
Assets recognised as of acquisition date | 1,895,000 | 8,309,000 | ||||
Trade accounts receivable | 130,000 | 130,000 | ||||
Collact | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Cash Transferred As Of Acquisition Date | 3,173,000 | |||||
Cash To Be Transferred After Acquisition Date | 167,000 | |||||
Contingent consideration | 2,000,000 | |||||
Consideration transferred, acquisition-date fair value | 14,116,000 | 14,116,000 | ||||
Previously held equity interest in the acquiree, at fair value | (3,838,000) | |||||
Consideration Transferred, Loans Converted Into Shares | R$ 5247000 | |||||
Interest rate of Acquisition-date fair value of equity interest in acquiree held by acquirer immediately before acquisition date | 25% | |||||
Consideration Transferred, Adjustments [Abstract] | ||||||
Consideration paid | 0 | |||||
Assets recognised as of acquisition date | R$ 2187000 | 13,185,000 | ||||
Trade accounts receivable | 29,000 | 29,000 | ||||
Intangible assets - Customer relationship | 294,000 | R$ 0 | ||||
Collact | Accumulated impairment [member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Previously held equity interest in the acquiree, at fair value | (3,529,000) | |||||
Collact | Gross carrying amount [member] | ||||||
Disclosure of detailed information about business combination [line items] | ||||||
Previously held equity interest in the acquiree, at fair value | R$ 309000 |
Business combinations - Schedul
Business combinations - Schedule of Revenue and Income (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of detailed information about business combination [line items] | |||
Net revenue from transaction activities and other services | R$ 2617407 | R$ 1626853 | R$ 1144086 |
Net revenue from subscription services and equipment rental | 1,760,915 | 1,071,932 | 388,033 |
Other financial income | 572,601 | 247,293 | 140,687 |
Total revenue and income | 9,588,945 | 4,823,761 | 3,319,823 |
Cost of services | (2,669,752) | (1,713,828) | (769,946) |
Administrative expenses | (1,121,357) | (813,341) | (392,476) |
Selling expense | (1,511,241) | (1,012,544) | (505,902) |
Financial expenses, net | (3,514,739) | (1,269,058) | (339,844) |
Other income (expenses), net | (302,501) | (185,894) | (177,056) |
Total expenses | (9,972,646) | (6,258,878) | (2,185,224) |
Ajusted profit (loss) before income taxes | (387,290) | (1,445,554) | 1,127,662 |
Current tax expense (income) | (292,172) | (171,621) | (216,886) |
Deferred tax expense (income) | 153,066 | R$ 239827 | R$ 73330 |
2022 Business Combinations | |||
Disclosure of detailed information about business combination [line items] | |||
Net revenue from subscription services and equipment rental | 81,064 | ||
Other financial income | 3,683 | ||
Total revenue and income | 84,747 | ||
Cost of services | (891) | ||
Administrative expenses | (71,513) | ||
Selling expense | (1,139) | ||
Financial expenses, net | (840) | ||
Other income (expenses), net | (1,938) | ||
Total expenses | (76,321) | ||
Ajusted profit (loss) before income taxes | 8,426 | ||
Current tax expense (income) | (1,763) | ||
Net income for the year | R$ 6663 |
Business combinations - Sched_2
Business combinations - Schedule of Pro-Form Information (Details) R$ in Thousands | 12 Months Ended |
Dec. 31, 2022 BRL (R$) | |
Business Combinations [Abstract] | |
Revenue of combined entity as if combination occurred at beginning of period | R$ 9600659 |
Profit (loss) of combined entity as if combination occurred at beginning of period | R$ 527979 |
Business combinations - Finan_2
Business combinations - Financial Position of Business Acquired in 2020 (Details) R$ in Thousands | Dec. 31, 2022 BRL (R$) |
Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [line items] | |
Cash and cash equivalents | R$ 816 |
Trade and other receivables recognised as of acquisition date | 10,037 |
Property and equipment | 1,490 |
Intangible assets - Customer relationship | 29,053 |
Intangible asset - Trademarks and patents | 288,964 |
Intangible asset - Software | 45,361 |
Other assets | 64,119 |
Total assets | 449,207 |
Trade accounts payable | 21,423 |
Labor and social security liabilities | 3,044 |
Deferred tax liabilities | 12,318 |
Other liabilities | 3,241 |
Total liabilities | 48,207 |
Net assets and liabilities | 401,000 |
Consideration paid | 491,817 |
Goodwill | R$ 90817 |
Segment information - Segmented
Segment information - Segmented Statement of Profit or Loss (Details) - BRL (R$) R$ in Thousands | 9 Months Ended | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | ||||
Effect in Adjusted net income excluding bond expenses | R$ 305122 | |||
Total revenue and income | R$ 9588945 | R$ 4823761 | R$ 3319823 | |
Cost of services | (2,669,752) | (1,713,828) | (769,946) | |
Administrative expenses | (1,121,357) | (813,341) | (392,476) | |
Selling expense | (1,511,241) | (1,012,544) | (505,902) | |
Financial expenses, net | (3,514,739) | (1,269,058) | (339,844) | |
Other income (expenses), net | (302,501) | (185,894) | (177,056) | |
Total expenses | (9,972,646) | (6,258,878) | (2,185,224) | |
Loss on investment in associates | (3,589) | (10,437) | (6,937) | |
Ajusted profit (loss) before income taxes | (387,290) | (1,445,554) | 1,127,662 | |
Income taxes and social contributions | (139,106) | 68,206 | (290,216) | |
Net income (loss) for the year | (526,396) | (1,377,348) | 837,446 | |
Financial Services | ||||
Disclosure of operating segments [line items] | ||||
Total revenue and income | 8,083,549 | 4,090,995 | 3,248,846 | |
Cost of services | (1,987,522) | (1,328,281) | (749,583) | |
Administrative expenses | (640,772) | (439,683) | (316,751) | |
Selling expense | (1,245,266) | (887,009) | (501,573) | |
Financial expenses, net | (3,345,588) | (1,091,271) | (330,391) | |
Other income (expenses), net | (170,322) | (104,285) | (30,318) | |
Total expenses | (7,389,470) | (3,850,529) | (1,928,616) | |
Loss on investment in associates | (409) | (941) | 0 | |
Ajusted profit (loss) before income taxes | 693,670 | 239,525 | 1,320,230 | |
Income taxes and social contributions | (138,550) | 17,205 | (329,416) | |
Net income (loss) for the year | 555,120 | 256,730 | 990,814 | |
Adjusted net income (loss) for the year (not adjusting for the bond) | 474,561 | 138,170 | ||
Adjusted net income (loss) for the year (adjusting for the bond) | 860,242 | |||
Software [Member] | ||||
Disclosure of operating segments [line items] | ||||
Total revenue and income | 1,419,841 | 686,267 | 53,114 | |
Cost of services | (670,154) | (370,854) | (16,046) | |
Administrative expenses | (314,267) | (180,819) | (28,221) | |
Selling expense | (245,071) | (114,591) | (2,035) | |
Financial expenses, net | (56,176) | (36,936) | (1,305) | |
Other income (expenses), net | (15,049) | (9,998) | (25,146) | |
Total expenses | (1,300,717) | (713,198) | (72,753) | |
Loss on investment in associates | (1,355) | (48) | (4,863) | |
Ajusted profit (loss) before income taxes | 117,769 | (26,979) | (24,502) | |
Income taxes and social contributions | (50,905) | (7,067) | (5,416) | |
Net income (loss) for the year | 66,864 | (34,046) | (29,918) | |
Adjusted net income (loss) for the year (not adjusting for the bond) | 66,864 | (34,046) | ||
Adjusted net income (loss) for the year (adjusting for the bond) | 66,864 | |||
Non allocated | ||||
Disclosure of operating segments [line items] | ||||
Total revenue and income | 85,555 | 46,499 | 17,861 | |
Cost of services | (12,076) | (14,693) | (4,317) | |
Administrative expenses | (39,666) | (24,314) | (1,906) | |
Selling expense | (20,903) | (10,944) | (2,295) | |
Financial expenses, net | (1,067) | (57) | (227) | |
Other income (expenses), net | (24,506) | (3,879) | (9,396) | |
Total expenses | (98,218) | (53,887) | (18,141) | |
Loss on investment in associates | (1,825) | (9,448) | (2,074) | |
Ajusted profit (loss) before income taxes | (14,488) | (16,836) | (2,354) | |
Income taxes and social contributions | (1,404) | (2,557) | (349) | |
Net income (loss) for the year | (15,892) | (19,393) | R$ 2703 | |
Adjusted net income (loss) for the year (not adjusting for the bond) | (15,892) | R$ 19393 | ||
Adjusted net income (loss) for the year (adjusting for the bond) | R$ 15892 |
Segment information - Reconcili
Segment information - Reconciliation of Segment to Consolidated Net Income (Details) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Net income (loss) for the year | R$ 526396 | R$ 1377348 | R$ 837446 |
Other expenses (c) | 262,658 | 192,439 | 115,211 |
Reportable segments | |||
Disclosure of operating segments [line items] | |||
Net income (loss) for the year | 606,092 | 203,291 | 958,193 |
Mark-to-market from the investment in Banco Inter and related cost | 933,615 | 1,382,773 | 0 |
Amortization of fair value adjustment (a) | (138,601) | (89,100) | (17,229) |
Share-based compensation expenses (b) | 129,835 | 66,917 | 120,695 |
Gain on previously held interest in associate | 0 | 15,848 | 2,992 |
Other expenses (c) | 17,810 | 118,323 | 30,782 |
Tax effect on adjustments | 51,753 | 60,626 | 44,967 |
Financial Services | |||
Disclosure of operating segments [line items] | |||
Net income (loss) for the year | 555,120 | 256,730 | 990,814 |
Software [Member] | |||
Disclosure of operating segments [line items] | |||
Net income (loss) for the year | 66,864 | (34,046) | (29,918) |
Non allocated | |||
Disclosure of operating segments [line items] | |||
Net income (loss) for the year | R$ 15892 | R$ 19393 | R$ 2703 |
Subsequent events (Details)
Subsequent events (Details) - BRL (R$) R$ / shares in Units, R$ in Thousands | 3 Months Ended | ||||
Mar. 31, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Feb. 17, 2022 | Jan. 07, 2022 | |
Disclosure of non-adjusting events after reporting period [line items] | |||||
Consideration transferred, acquisition-date fair value | R$ 491817 | ||||
Contingent consideration | R$ 39974 | ||||
Reclame Aqui | |||||
Disclosure of non-adjusting events after reporting period [line items] | |||||
Percentage of equity interest acquired | 50% | ||||
Consideration transferred, acquisition-date fair value | R$ 435164 | R$ 435164 | |||
Contingent consideration | R$ 31560 | ||||
Linx Sistemas | |||||
Disclosure of non-adjusting events after reporting period [line items] | |||||
Consideration transferred, acquisition-date fair value | R$ 6958 | ||||
Banco Inter | |||||
Disclosure of non-adjusting events after reporting period [line items] | |||||
Sale of shares in group companies | 16,800,000 | ||||
Selling price per share | R$ 12.96 | ||||
Value of the sale of the group's stake in the subsidiary. | R$ 218000 | ||||
Percentage of shares sold | 21.50% |
Uncategorized Items - stne-2022
Label | Element | Value |
Adjusted net cash | stne_AdjustedNetCash | R$ 2291485000 |
Adjusted net cash | stne_AdjustedNetCash | 3,489,638,000 |
Current borrowings | ifrs-full_ShorttermBorrowings | 4,375,730,000 |
Current borrowings | ifrs-full_ShorttermBorrowings | 5,861,760,000 |
Current derivative financial assets, economic hedges | stne_CurrentDerivativeFinancialAssetsEconomicHedges | 12,418,000 |
Current derivative financial assets, economic hedges | stne_CurrentDerivativeFinancialAssetsEconomicHedges | 210,280,000 |
Net debt | ifrs-full_NetDebt | 26,198,884,000 |
Net debt | ifrs-full_NetDebt | 26,040,541,000 |
Financial assets from banking solution | stne_FinancialAssetsFromBankingSolution | 3,960,871,000 |
Financial assets from banking solution | stne_FinancialAssetsFromBankingSolution | 2,346,474,000 |
Adjusted Cash | stne_AdjustedCash | 29,688,522,000 |
Adjusted Cash | stne_AdjustedCash | 28,332,026,000 |
Derivative Financial Instruments [Member] | Level 2 of fair value hierarchy [member] | ||
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 36,400,000 |
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 219,324,000 |
Financial assets | ifrs-full_FinancialAssets | 219,324,000 |
Financial assets | ifrs-full_FinancialAssets | 36,400,000 |
Short And Long-Term Investments [Member] | Level 1 and 2 of Fair Value Hierarchy [member] | ||
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 3,668,537,000 |
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 3,231,513,000 |
Financial assets | ifrs-full_FinancialAssets | 3,231,513,000 |
Financial assets | ifrs-full_FinancialAssets | 3,668,537,000 |
Accounts Receivable From Card Issuers [Member] | Level 2 of fair value hierarchy [member] | ||
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 19,283,921,000 |
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 20,748,668,000 |
Financial assets | ifrs-full_FinancialAssets | 19,286,590,000 |
Financial assets | ifrs-full_FinancialAssets | 20,748,857,000 |
Trade Accounts Receivable [Member] | Level 2 and 3 of fair value hierarchy [member] | ||
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 945,721,000 |
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 522,046,000 |
Financial assets | ifrs-full_FinancialAssets | 945,721,000 |
Financial assets | ifrs-full_FinancialAssets | 522,046,000 |
Financial assets from banking solution [Member] | Level 1 of fair value hierarchy [member] | ||
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 2,346,474,000 |
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 3,960,871,000 |
Financial assets | ifrs-full_FinancialAssets | 3,960,871,000 |
Financial assets | ifrs-full_FinancialAssets | 2,346,474,000 |
Receivables From Related Parties [Member] | Level 2 of fair value hierarchy [member] | ||
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 4,720,000 |
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 10,053,000 |
Financial assets | ifrs-full_FinancialAssets | 10,053,000 |
Financial assets | ifrs-full_FinancialAssets | 4,720,000 |
Other assets [member] | Level 2 of fair value hierarchy [member] | ||
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 474,557,000 |
Financial assets, at fair value | ifrs-full_FinancialAssetsAtFairValue | 341,200,000 |
Financial assets | ifrs-full_FinancialAssets | 474,557,000 |
Financial assets | ifrs-full_FinancialAssets | R$ 341200000 |