Cover Page
Cover Page - shares | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Document Information [Line Items] | ||
Document Period End Date | Dec. 31, 2023 | |
Document Type | 20-F | |
Amendment Flag | false | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2023 | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Registrant Name | Equifax do Brasil S.A. | |
Entity Voluntary Filers | No | |
Entity Interactive Data Current | Yes | |
Entity Well-known Seasoned Issuer | No | |
Current Fiscal Year End Date | --12-31 | |
Entity Central Index Key | 0001956746 | |
Entity Common Stock, Shares Outstanding | 10,858,270 | |
Entity File Number | 333-270310 | |
Entity Incorporation, State or Country Code | D5 | |
Entity Address, Address Line One | Avenida Tamboré, 267 | |
Entity Address, Address Line Two | Edifício Canopus Corporate Alphaville, 15th floor | |
Entity Address, Address Line Three | Torre Sul, unit 151-A Parte, Barueri | |
Entity Address, City or Town | SP | |
Entity Address, Country | BR | |
Entity Address, Postal Zip Code | 06460-000 | |
Document Registration Statement | false | |
Document Annual Report | true | |
Document Transition Report | false | |
Document Accounting Standard | International Financial Reporting Standards | |
Entity Emerging Growth Company | true | |
Entity Shell Company | false | |
Entity Ex Transition Period | false | |
Document Shell Company Report | false | |
ICFR Auditor Attestation Flag | false | |
Auditor Name | Ernst & Young Auditores Independentes S/S Ltda. | Ernst & Young LLP |
Auditor Firm ID | 1448 | 42 |
Auditor Location | São Paulo, Brazil | Atlanta, Georgia |
Document Financial Statement Error Correction [Flag] | false | |
Business Contact [Member] | ||
Document Information [Line Items] | ||
Contact Personnel Name | John W. Gamble | |
Contact Personnel Email Address | john.gamble@equifax.com | |
Entity Address, Address Line One | Avenida Tamboré, 267 | |
Entity Address, Address Line Two | Edifício Canopus Corporate Alphaville, 15th floor | |
Entity Address, Address Line Three | Torre Sul, unit 151-A Parte, Barueri | |
Entity Address, City or Town | SP | |
Entity Address, Country | BR | |
Entity Address, Postal Zip Code | 06460-000 | |
City Area Code | 404 | |
Local Phone Number | 885-8000 |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Profit or Loss - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Condensed Income Statements, Captions [Line Items] | ||||
Net revenue from services | R$ 320376 | |||
Cost of services rendered | (147,359) | |||
Gross profit (loss) | 173,017 | |||
Operating expenses | ||||
Selling expenses | (30,595) | |||
General and administrative expenses | (75,709) | R$ 3353 | R$ 2988 | |
Other income, net | 31,221 | 14,550 | 5,048 | |
Fair value gains (losses) on equity investments at FVPL | 40,460 | 66,709 | (352,077) | |
Operating profit (loss) | 138,394 | 77,906 | (350,017) | |
Financial income | 33,606 | 398 | 73 | |
Financial expenses | (34,472) | (889) | (1) | |
Finance income (expense), net | (866) | (491) | 72 | |
Share of net loss of joint venture accounted for using the equity method | (6,378) | |||
Profit (loss) before income tax and social contribution | 131,150 | 77,415 | (349,945) | |
Income tax and social contribution | ||||
Income tax benefit (expense) | 86,683 | (25,387) | 119,981 | |
Profit for the period/year | 217,833 | 52,028 | (229,964) | |
Profit attributable to: | ||||
Total comprehensive profit (loss) for period | R$ 217833 | R$ 52028 | R$ 229964 | |
Earnings per share | ||||
Basic earnings (loss) per share | R$ 22.77 | R$ 2.36 | R$ 8.78 | |
Diluted earnings (loss) per share | R$ 22.77 | R$ 2.36 | R$ 8.78 | |
Boa Vista Servicos S A [member] | ||||
Condensed Income Statements, Captions [Line Items] | ||||
Net revenue from services | R$ 494615 | R$ 872293 | R$ 751282 | |
Cost of services rendered | (228,167) | (369,293) | (368,952) | |
Gross profit (loss) | 266,448 | 503,000 | 382,330 | |
Operating expenses | ||||
Selling expenses | (51,945) | (69,116) | (60,329) | |
General and administrative expenses | (164,213) | (218,302) | (206,574) | |
Other income, net | 36,072 | 0 | 0 | |
Operating profit (loss) | 86,362 | 215,582 | 115,427 | |
Financial income | 102,741 | 154,894 | 136,958 | |
Financial expenses | (19,006) | (32,269) | (16,229) | |
Finance income (expense), net | 83,735 | 122,625 | 120,729 | |
Share of net loss of joint venture accounted for using the equity method | (3,010) | 0 | 0 | |
Profit (loss) before income tax and social contribution | 167,087 | 338,207 | 236,156 | |
Income tax and social contribution | ||||
Income tax benefit (expense) | (59,064) | (40,457) | (60,959) | |
Profit for the period/year | 108,023 | 297,750 | 175,197 | |
Profit attributable to: | ||||
Owners of the Company | 108,023 | 297,750 | 175,197 | |
Other comprehensive income | 0 | 0 | 0 | |
Total comprehensive profit (loss) for period | 108,023 | 297,750 | 175,197 | |
Total comprehensive income attributable to: | ||||
Owners of the Company | R$ 108023 | R$ 297750 | R$ 175197 | |
Earnings per share | ||||
Basic earnings (loss) per share | R$ 0.2037 | R$ 0.5607 | R$ 0.332 | |
Diluted earnings (loss) per share | R$ 0.2023 | R$ 0.5565 | R$ 0.329 |
Consolidated Statements of Fina
Consolidated Statements of Financial Position - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Non-current assets | |||
Trade receivables, net | R$ 5120 | ||
Judicial deposits | 28,097 | ||
Other tax assets | 139 | ||
Deferred tax asset - income tax and social contribution | 34,129 | ||
Interest in joint venture | 184,011 | ||
Property and equipment | 15,030 | ||
Intangible assets | 3,429,925 | ||
Financial assets at FVPL | R$ 386950 | ||
Prepaid expenses | 180 | 1,120 | |
Total non-current assets | 3,696,631 | 388,070 | |
Current assets | |||
Cash and cash equivalents | 164,095 | 3,541 | |
Trade receivables, net | 129,312 | ||
Prepaid expenses | 12,060 | 13 | |
Trade receivable - related parties | 1,776 | ||
Income tax and social contributions | 62,922 | ||
Other tax assets | 690 | ||
Dividends receivable and other current assets | 11,098 | 12,480 | |
Total current assets | 381,953 | 16,034 | |
Total assets | 4,078,584 | 404,104 | |
Non-current liabilities | |||
Lease liability | 3,523 | ||
Trade payables - related parties | 188,377 | ||
Labor obligations | 7,069 | 0 | |
Payables for business combinations | 4,604 | ||
Taxes payable | 52,366 | 5,350 | |
Provisions | 23,009 | ||
Borrowings | 10,173 | 6,718 | |
Deferred tax liabilities | 405,622 | 120,691 | |
Other noncurrent liabilities | 2 | 2 | |
Total non-current liabilities | 694,745 | 132,761 | |
Current liabilities | |||
Trade payable to suppliers | 55,949 | ||
Lease liability | 4,133 | ||
Labor obligations | 46,941 | 34 | |
Trade payables - related parties | 17,376 | ||
Payables for business combinations | 4,074 | ||
Advances from customers | 1,472 | ||
Income tax and social contribution | 4,942 | ||
Provisions | 685 | 2,435 | |
Taxes payable | 9,709 | ||
Other liabilities | 6,447 | 1,953 | |
Total current liabilities | 151,728 | 4,422 | |
Total liabilities | 846,473 | 137,183 | |
Net assets | 3,232,111 | 266,921 | |
Equity [abstract] | |||
Share capital | 2,749,351 | 26,441 | |
Other capital reserves | 24,552 | 105 | |
Legal reserve | 13,487 | ||
Profit retention | 444,721 | 240,375 | |
Total equity | 3,232,111 | 266,921 | |
Total liabilities and equity | R$ 4078584 | 404,104 | |
Boa Vista Servicos S A [member] | |||
Non-current assets | |||
Trade receivables, net | R$ 6030 | 8,358 | |
Judicial deposits | 28,755 | 27,350 | |
Indemnification asset | 14,128 | 795 | |
Other tax assets | 253 | 411 | |
Deferred tax asset - income tax and social contribution | 30,626 | 46,019 | |
Interest in joint venture | 179,260 | 0 | |
Property and equipment | 15,488 | 14,879 | |
Intangible assets | 844,635 | 813,219 | |
Total non-current assets | 1,119,175 | 911,031 | |
Current assets | |||
Cash and cash equivalents | 1,174,989 | 1,382,268 | |
Trade receivables, net | 123,093 | 132,989 | |
Prepaid expenses | 18,179 | 15,287 | |
Trade receivable - related parties | 1,245 | 2 | |
Income tax and social contributions | 58,354 | 55,536 | |
Other tax assets | 19,310 | 15,936 | |
Other assets | 2,228 | 5,958 | |
Assets held for sale | 0 | 179,589 | |
Total current assets | 1,397,398 | 1,787,565 | |
Total assets | 2,516,573 | 2,698,596 | |
Non-current liabilities | |||
Lease liability | 4,438 | 6,571 | |
Labor obligations | 0 | 0 | |
Payables for business combinations | 4,195 | 3,313 | |
Taxes payable | 45,431 | 40,254 | |
Provisions | 21,631 | 14,074 | |
Total non-current liabilities | 75,695 | 64,212 | |
Current liabilities | |||
Trade payable to suppliers | 53,130 | 50,994 | |
Lease liability | 3,712 | 3,254 | |
Labor obligations, vacation and social charges | 56,842 | 131,901 | |
Labor obligations | 56,842 | 131,901 | |
Trade payables - related parties | 145 | 0 | |
Payables for business combinations | 7,538 | 78,246 | |
Advances from customers | 3,229 | 0 | |
Income tax and social contribution | 9,706 | 0 | |
Taxes payable | 5,381 | 24,355 | |
Dividends and interest on net equity | 0 | 120,900 | |
Other accounts payable | 3,483 | 2,942 | |
Liabilities held for sale | 0 | 22,568 | |
Total current liabilities | 143,166 | 435,160 | |
Total liabilities | 218,861 | 499,372 | |
Equity [abstract] | |||
Share capital | 1,715,269 | 1,715,269 | |
Capital reserves | 159,593 | 169,128 | |
Profit reserves | 314,827 | 314,827 | |
Profit retention | 108,023 | ||
Total equity | 2,297,712 | 2,199,224 | |
Total liabilities and equity | R$ 2516573 | R$ 2698596 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - BRL (R$) R$ in Thousands | Total | Legal reserve [member] | Retained earnings [member] | Capital [Member] | Capital reserve [member] | Boa Vista Servicos S A [member] | Boa Vista Servicos S A [member] Capital [Member] Share capital [member] | Boa Vista Servicos S A [member] Capital reserve [member] Warrant [member] | Boa Vista Servicos S A [member] Capital reserve [member] Share premium [member] | Boa Vista Servicos S A [member] Capital reserve [member] Restricted share plan [member] | Boa Vista Servicos S A [member] Capital reserve [member] Share-based payment plans [member] | Boa Vista Servicos S A [member] Capital reserve [member] Treasury shares [member] | Boa Vista Servicos S A [member] Capital reserve [member] Issuance cost [Member] | Boa Vista Servicos S A [member] Capital reserve [member] Other capital reserves [member] | Boa Vista Servicos S A [member] Capital reserve [member] Legal reserve [member] | Boa Vista Servicos S A [member] Profit reserve [member] Profit retention reserve [member] | Boa Vista Servicos S A [member] Profit reserve [member] Retained earnings [member] | |
Beginning period at Dec. 31, 2020 | R$ 453296 | R$ 427061 | R$ 26160 | R$ 75 | R$ 1796619 | R$ 1638058 | R$ 0 | R$ 136330 | R$ 0 | R$ 50014 | R$ 0 | R$ 46539 | R$ 0 | R$ 9539 | R$ 9217 | R$ 0 | ||
Restricted share plan | 2,681 | 2,681 | ||||||||||||||||
Capital increase | 28,723 | 28,723 | ||||||||||||||||
Warrants | 35,651 | 35,651 | ||||||||||||||||
Capital increase – options exercise | 48,488 | 48,488 | (25,044) | 25,044 | ||||||||||||||
Profit (loss) for the year | (229,964) | (229,964) | 175,197 | 175,197 | ||||||||||||||
Legal reserve approved by shareholders | (8,760) | 8,760 | (8,760) | |||||||||||||||
Dividend paid | (2,910) | (2,910) | (6,946) | (6,946) | ||||||||||||||
Interest on net equity | (35,146) | (35,146) | ||||||||||||||||
Proposal of profit retention | 124,345 | (124,345) | ||||||||||||||||
Change in capital | 281 | 281 | ||||||||||||||||
Change in other reserves | 11 | 11 | ||||||||||||||||
Ending period at Dec. 31, 2021 | 220,714 | 194,187 | 26,441 | 86 | 2,045,267 | 1,715,269 | 35,651 | 136,330 | 2,681 | 24,970 | 0 | (46,539) | 25,044 | 18,299 | 133,562 | 0 | ||
Restricted share plan | 1,006 | 1,006 | ||||||||||||||||
Profit (loss) for the year | 52,028 | 52,028 | 297,750 | 297,750 | ||||||||||||||
Legal reserve approved by shareholders | (14,888) | 14,888 | (14,888) | |||||||||||||||
Interest on net equity | (134,784) | (134,784) | ||||||||||||||||
Recapitalization | (5,840) | (5,840) | ||||||||||||||||
Proposal of profit retention | 148,078 | (148,078) | ||||||||||||||||
Restricted share plan - Vesting of shares | (358) | (1,230) | 872 | |||||||||||||||
Share buyback | (9,657) | (9,657) | ||||||||||||||||
Change in other reserves | 19 | 19 | ||||||||||||||||
Ending period at Dec. 31, 2022 | 266,921 | 240,375 | 26,441 | 105 | 2,199,224 | 1,715,269 | 35,651 | 136,330 | 2,457 | 24,970 | (8,785) | (46,539) | 25,044 | 33,187 | 281,640 | 0 | ||
Restricted share plan | 1,404 | 1,404 | ||||||||||||||||
Warrants | (6,258) | (6,258) | ||||||||||||||||
Profit (loss) for the year | 108,023 | 108,023 | ||||||||||||||||
Legal reserve approved by shareholders | (5,572) | |||||||||||||||||
Restricted share plan - Vesting of shares | (183) | (534) | 351 | |||||||||||||||
Share buyback | (4,498) | (4,498) | ||||||||||||||||
Cancellation of warrants | (29,393) | 29,393 | ||||||||||||||||
Cancellation of stock options | (24,970) | 24,970 | ||||||||||||||||
Cancellation of treasury shares | (12,932) | [1] | 12,932 | (12,932) | ||||||||||||||
Ending period at Aug. 07, 2023 | 2,297,712 | 1,715,269 | 0 | 136,330 | 3,327 | 0 | 0 | (46,539) | 66,475 | 33,187 | 281,640 | 108,023 | ||||||
Beginning period at Dec. 31, 2022 | 266,921 | 240,375 | 26,441 | 105 | R$ 2199224 | R$ 1715269 | R$ 35651 | R$ 136330 | R$ 2457 | R$ 24970 | R$ 8785 | R$ 46539 | R$ 25044 | R$ 33187 | R$ 281640 | R$ 0 | ||
Profit (loss) for the year | 217,833 | 217,833 | ||||||||||||||||
Legal reserve approved by shareholders | R$ 2595 | (2,595) | ||||||||||||||||
Change in capital | 2,747,448 | 2,722,910 | 24,538 | |||||||||||||||
Change in other reserves | (91) | (91) | ||||||||||||||||
Legal reserve | 10,892 | (10,892) | ||||||||||||||||
Ending period at Dec. 31, 2023 | R$ 3232111 | R$ 13487 | R$ 444721 | R$ 2749351 | R$ 24552 | |||||||||||||
[1]On August 7, 2023, due to the merger of Company’s shares by EFX Brasil (Note 1 a.), there was a cancellation of 2,770,900 ordinary shares issued by the Company held in treasury. |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Operating activities | |||||
Profit (loss) | R$ 217833 | R$ 52028 | R$ 229964 | ||
Adjustments to reconcile profit (loss) with the net cash generated by (used in) operating activities: | |||||
Deferred tax | (122,748) | 22,681 | (119,706) | ||
Depreciation and amortization | 74,391 | ||||
(Gains) losses on equity investments | (37,983) | (66,709) | 352,078 | ||
Non-cash management services | (92) | 19 | 11 | ||
Non-cash finance costs | 3,455 | 877 | |||
Changes in operating assets: | |||||
Trade receivable | 9,484 | ||||
Current tax assets | 13,654 | ||||
Dividends receivable and other current assets | 16,867 | (8,184) | (3,524) | ||
Other tax assets | (3,503) | ||||
Long-term prepaid expenses and other noncurrent assets | (24,073) | 116 | |||
Changes in operating liabilities: | |||||
Trade payables and other current liabilities | (16,911) | 1,841 | 821 | ||
Related parties and other noncurrent liabilities | 4,044 | 145 | (476) | ||
Cash generated by (used in) operating activities | 134,418 | 2,698 | (644) | ||
Investing activities | |||||
Acquisitions of property and equipment | (1,990) | ||||
Acquisitions of intangible assets | (110,793) | ||||
Payments for business combinations, net of cash acquired | (1,317,120) | ||||
Sale of equity investment | 33,787 | ||||
Net cash (used in) investing activities | (1,396,116) | ||||
Financing activities | |||||
Capital increase | 2,497,252 | 280 | |||
Return of capital to common shareholders | (1,075,000) | ||||
Dividends paid | (2,910) | ||||
Net cash generated by (used in) financing activities | 1,422,252 | (2,630) | |||
Increase (decrease) in cash and cash equivalents | 160,554 | 2,698 | (3,274) | ||
Cash and cash equivalents at beginning of year | R$ 3541 | 3,541 | 843 | 4,117 | |
Cash and cash equivalents at end of year | 164,095 | 3,541 | 843 | ||
Boa Vista Servicos S A [member] | |||||
Operating activities | |||||
Profit (loss) | 108,023 | 297,750 | 175,197 | ||
Adjustments to reconcile profit (loss) with the net cash generated by (used in) operating activities: | |||||
Depreciation and amortization | 115,345 | 195,583 | 188,236 | ||
Financial expense on loans, borrowings and debentures | 702 | 4,942 | 8,097 | ||
Transaction costs on loans and debentures | 0 | 1,010 | 1,504 | ||
Unwinding of the time value of money | 12,033 | 1,218 | 470 | ||
Expected credit losses on accounts receivable | 3,477 | 815 | 1,507 | ||
Provisions for civil, labor and tax losses | 16,581 | 11,550 | 21,011 | ||
Accrued interest and fines related to provision for contingencies | 20 | 4,094 | 1,487 | ||
Loss on disposal of property and equipment | 1,490 | 6,436 | 4,404 | ||
Impairment losses on non-financial assets | 0 | 0 | 23,360 | ||
Labor obligations – Business combination | 0 | 30,829 | 33,151 | ||
Share of net loss of joint venture accounted for using the equity method | 3,010 | 0 | 0 | ||
Gain on loss of control of subsidiary | (36,072) | 0 | 0 | ||
Write - off of leases | 0 | (7,541) | (38) | ||
Change in fair value of contingent consideration | 0 | 20,676 | (79,538) | ||
Others | (183) | (1,204) | 360 | ||
Expenses with restricted shares plan | 1,404 | 1,006 | 2,681 | ||
Income tax and social contribution - current and deferred | 59,064 | 40,457 | 60,959 | ||
Changes in operating assets: | |||||
Current tax assets | (3,374) | (41,749) | (7,257) | ||
Accounts receivable | 8,748 | (16,578) | (6,655) | ||
Judicial deposits | (1,405) | (10,859) | 0 | ||
Related parties | (1,243) | 260 | (276) | ||
Prepaid expenses | (2,892) | (4,112) | 1,253 | ||
Indemnification asset | (13,333) | 478 | 0 | ||
Other assets | 3,888 | (3,261) | 1,221 | ||
Changes in operating liabilities: | |||||
Accounts payable to suppliers | 2,136 | 14,429 | (9,451) | ||
Labor obligations, vacation and social charges | (78,396) | 36,625 | (1,191) | ||
Taxes payable | (37,110) | 20,970 | (7,323) | ||
Related parties | 145 | 6,104 | (242) | ||
Advances from customers | 3,229 | (2,366) | 847 | ||
Other accounts payable | 13,236 | (1,197) | (225) | ||
Provisions | (9,044) | (7,205) | (4,843) | ||
Cash generated by operating activities | 169,479 | 599,160 | 408,706 | ||
Income tax and social contribution paid | (13,470) | (81,918) | (47,478) | ||
Cash generated by (used in) operating activities | 156,009 | 517,242 | 361,228 | ||
Investing activities | |||||
Acquisitions of property and equipment | (5,413) | (1,293) | (2,683) | ||
Acquisitions of intangible assets | (143,448) | (260,179) | (202,533) | ||
Cash effect on loss of control of subsidiary | (15,904) | 0 | (113,655) | ||
Payments for business combinations | (84,780) | 0 | (8,000) | ||
Net cash (used in) investing activities | (249,545) | (261,472) | (326,871) | ||
Financing activities | |||||
Capital increase | 0 | 0 | 48,488 | ||
Proceeds from funding of loans, borrowings, leases and debentures | 0 | 2,625 | 4,213 | ||
Payment of loans, borrowings, leases and debentures | (2,377) | (73,659) | (102,580) | ||
Interest paid on loans, borrowings and debentures | 0 | (4,624) | (4,294) | ||
Costs paid on loans, borrowings and debentures | 0 | (68) | (161) | ||
Share issuance costs | 0 | 0 | (1,018) | ||
Dividends and interest on net equity paid | (120,900) | (38,169) | (15,008) | ||
Treasury shares | (4,498) | (9,657) | 0 | ||
Net cash generated by (used in) financing activities | (127,775) | (123,552) | (70,360) | ||
Increase (decrease) in cash and cash equivalents | (221,311) | 132,218 | (36,003) | ||
Cash and cash equivalents at beginning of year | 1,382,268 | 1,382,268 | |||
Cash and cash equivalents at end of year | 1,174,989 | 1,382,268 | |||
Cash and cash equivalents at beginning of year | [1] | 1,396,300 | R$ 1396300 | 1,264,082 | 1,300,085 |
Cash and cash equivalents at end of year | [1] | R$ 1174989 | R$ 1396300 | R$ 1264082 | |
[1]Includes R$0 and R$14,032 as of August 7, 2023 and December 31, 2022, respectively, of cash and cash equivalents classified as assets held for sale (see Note 13) |
Consolidated Statements of Ca_2
Consolidated Statements of Cash Flows (Parenthetical) - BRL (R$) R$ in Thousands | Aug. 07, 2023 | Dec. 31, 2022 |
Boa Vista Servicos S A [member] | ||
Condensed Cash Flow Statements, Captions [Line Items] | ||
Cash and cash equivalents | R$ 0 | R$ 14032 |
Operations
Operations | 12 Months Ended |
Dec. 31, 2023 | |
Boa Vista Servicos S A [member] | |
Disclosure Of Business And Nature Of Operations [Line Items] | |
Operations | 1 Operations Boa Vista Serviços S.A. (“Company” or “Boa Vista”) is a private company headquartered at Avenida Tamboré, 267 - 11th to 15th and 24th floors, Barueri-SP. The Group began operations on November 1, 2010 as a continuation of credit protection services that were spun-out The Company has developed infrastructure and methodologies that consolidate and transform data gathered into information on individuals and legal entities, generating insights, aiming at enabling our customers to make better decisions. The Company provides a range of analytical solutions, including credit scoring, credit recovery services, customer prospection, marketing services, anti-fraud, among others. The Company also offers data analysis services, to meet the need of companies to have access to an increasing amount of data in a more organized and customized way. The Company operates in the Brazilian market, aiming to reduce information asymmetry, making customer prospecting, credit analysis and recovery more secure and accessible. The Company has a national geographical presence, and its revenues are concentrated in the Southeast and South regions. a. Merger of Company’s shares by Equifax do Brasil S.A. On December 18, 2022, Equifax do Brasil S.A. (“EFX Brasil”, together with the Company, “Companies”) and its parent company, Equifax Inc. (“Equifax”) (NYSE: EFX) have entered into a definitive merger agreement (“Merger Agreement”), whereby the terms and conditions for the implementation of the business combination of Equifax and the Company were established. The Merger Agreement provided for the business combination by means of the merger of shares of Boa Vista by EFX Brasil (“Merger of Shares” or “Transaction”). On August 7, 2023, Equifax completed the Merger of Shares and the Company is now a wholly-owned subsidiary of EFX Brasil, preserving its legal personality and assets, and was delisted from B3. b. Joint venture On October 25, 2022, the Company entered into an investment agreement, subsequently amended on February 23, 2023, (“Investment Agreement”) with RV Marketing, LLC and RV Technology, LLC (jointly, “RV”) for the formation of a joint venture, with the purpose of developing and operating a credit marketplace, financial services for consumers, among others, through the creation of BVRV Participações S.A. (“BVRV”). This transaction was approved by the Company’s shareholders on March 23, 2023. The closing The Joint Venture was structured through the contribution of assets: (a) by the Company, comprising (i) its Consumidor Positivo Acordo Certo Participações S.A. (“Acordo Certo”) The contribution of cash by RV comprises two installments, being 50% at the closing date and 50% on any subsequent date up to the 18th month after the closing date. At the closing date, considering the first contribution by RV, the ownership interest (i) of the Company was 55% of the total capital, being 50% of the voting shares and 100% of the preferred shares, and (ii) of RV was 45% of the total capital, equivalent to 50% of the voting shares, as follows: Ordinary shares Preferred shares Total Quantity % Quantity % participation (%) Boa Vista 161,000,000 50 35,000,000 100 55 RV 161,000,001 50 — — 45 Total 322,000,001 100 35,000,000 100 100 The shareholders’ agreement, entered into on April 20, 2023 (“Shareholders’ Agreement”), establishes that the Company and RV will work together in the day-to-day As relevant decisions require the unanimous consent of the Company and RV, both parties must act together to direct relevant activities that significantly affect the returns of BVRV. BRRV is a separate legal entity and the Company’s rights as shareholder are restricted to its net assets. Therefore, as there exists the contractually agreed sharing of control of BVRV and the Company has rights to the net assets, BVRV is considered to be a joint venture. After completion of the contributions, Boa Vista will hold 50% of the voting share capital of the Joint Venture minus 1 share and RV will hold 50% of the voting share capital of the Joint Venture plus 1 share. The shareholders’ agreement establishes that in case RV does not contribute with the second installment on any subsequent date up to the 18th month after the closing date (i) RV will be obliged to pay a non-compensatory |
Description of Business, and Ba
Description of Business, and Basis of Presentation and Summary of Significant Accounting Policies | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure Of Business And Nature Of Operations [Line Items] | ||
Description of Business, and Basis of Presentation and Summary of Significant Accounting Policies | NOTE 1 Description of Business, and Basis of Presentation and Summary of Significant Accounting Policies 1.1 Description of Business Equifax do Brasil S.A. (the “Company”, “our” or “we”) is a company controlled by Equifax, Inc. which is based in the United States of America, its ultimate parent, and is incorporated and domiciled in Brazil. The address of the registered office is Avenida Tambore, 267, Sao Paulo, SP. The operations of the Company primarily revolve around its newly acquired subsidiary Boa Vista Servicos S.A. (“BVS”). BVS provides a complete range of analytic solutions, including credit scoring, credit recovery services, client prospection, marketing services, anti-fraud services, among others, in the Brazilian market. Prior to the acquisition of BVS as described in Note 2, the Company owned a 9.95% interest in BVS. 1.2 Statement of Compliance The consolidated financial statements of the Company have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and interpretations issued by the IFRS Interpretations Committee (“IFRS IC”) applicable to companies reporting under IFRS. Certain immaterial amounts in the prior years have been reclassified to conform with current year presentation. The financial statements comply with IFRS as issued by the International Accounting Standards Board (“IASB”). These financial statements were approved for disclosure by the Executive Board and sent to the Board of Directors on May 8 1.3 Basis of Measurement These financial statements have been prepared on a historical cost basis, unless otherwise stated. The Company consolidates the financial information for all entities it controls. Control is obtained when the Company has the power over the relevant activities of an entity and exposure to variability of returns from this entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company and deconsolidated from the date that control ceases. Balances and transactions between subsidiaries, and unrealized gains and losses on operations between the Company and its subsidiaries were eliminated. 1.4 Going Concern The financial statements have been prepared under the assumption that the Company operates on a going concern basis. 1.5 Critical Accounting Estimates and Judgments Prior to January 1, 2021, no stand-alone financial statements for the Company had been prepared and accordingly, the Company adopted IFRS for its financial statements for the years ended December 31, 2021 and 2022 effective on January 1, 2021, applying all standards that were in effect as of that date (“the Adoption”). Accordingly, no reconciliations of opening equity or total comprehensive income was required. The Company has prepared financial statements that comply with IFRS applicable as of December 31, 2023, together with the comparative period data for the years ended December 31, 2022 and December 31, 2021, as described in the summary of significant accounting policies. In preparing the financial statements, the Company’s opening statement of financial position was prepared as of January 1, 2021, the Company’s date of adoption of IFRS. In the preparation of these financial statements, Management used judgments and estimates that affect the application of accounting policies of the Company, and the reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. Estimates and assumptions are reviewed on a continuous basis. Changes in estimates are recognized on a prospective basis. a. Judgments The judgments which significantly impact the amounts recognized in the consolidated financial statements relate to: • Determining the useful life of intangible assets: the determination of useful lives requires estimates of expected future benefits. Note 1.11 and 1.12 • Determining the fair value of intangible assets as a result of business combinations. Notes 2 and 18 b. Uncertainties resulting from assumptions and estimates The main estimates related to the financial statements refer to: • Impairment test of intangible assets and goodwill: assumptions involved in determining the recoverable values—Note 11 • Provision for tax, civil and labor risks: assumptions regarding the likelihood and magnitude of the outflows of funds – Note 16 • Recognition of deferred tax assets: availability of future taxable profit against which deductible temporary differences and tax losses carried forward can be utilized—Note 1.20 and Note 9 1.6 Revenue recognition The Company generates revenue through two revenue streams: i) decision services and ii) recovery services. The Company determines revenue recognition through the following steps: • identification of a contract with a customer; • identification of the performance obligation(s) in the contract; • determination of the transaction price; • allocation of the transaction price to the performance obligation(s) in the contract; and • recognition of revenue when or as the performance obligation(s) are satisfied. At contract inception, the Company assesses the services promised within each contract, determines which goods or services are performance obligations, and assesses whether each promised service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when, or as that performance obligation is satisfied. Revenue from decision services Decision services revenue is derived from subscription arrangements to the Company’s platform, a comprehensive database with features to support customers with assessment and decision-making related to their customers’ credit risk. The following is a summary of the decision services available as a feature in the Company’s platform through subscriptions: • Risk analytics - solutions based on statistical models to help companies to make more assertive and efficient business decisions. • Legacy data report - reports with recording, demographic and restrictive data. • Marketing services - intelligence to identify customers with the most adequate profile for its target. • Anti-fraud solutions – security solution for virtual stores, fintechs and payments processing industry by combating fraud in digital transactions. Subscriptions (i.e., monthly and annually) are generally determined to have one distinct performance obligation, which is access to the Company’s platform and its features, and are recognized over time, ratably, over the subscription term, as the performance obligation is satisfied. In addition, the renewal of the monthly subscription is automatic and can be canceled at any time. Prepayments In some cases, the customer prepays its annual subscription. When the customer makes a prepayment, a contract liability is recognized in the amount of such prepayment with an obligation for provision of commercial credit reporting and scoring to the customer. The realization of the contract liability and recognition of revenue occurs as the customer receives and has access to the contracted features. For prepaid contract amounts, revenue is recognized when consumed by the customer. Revenue from recovery services Recovery services revenue is derived from solutions to support customers in recovering debts. The following is a summary of the recovery services provided by the Company: • Digital solutions - Solutions for the management of creditor’s defaulting portfolios and for sending formal communications to debtors via digital vehicles, such as SMS and e-mail. • Printed solutions - Submission of printed collection letter to debtors and reports with consumers’ debt history. The Company uses its digital solutions and analysis techniques to define processes and communication flows for each customer, increasing the effectiveness of the credit recovery process (i.e., notifying the debtor and, in case of continued non-payment, Recovery services arrangements are determined to have one performance obligation, which are either the digital or the printed solutions, and are recognized over time, ratably over the contract terms as the performance obligation is satisfied based on the volume of notifications sent by month. Each notification sent to debtors corresponds to a separate service provided and is considered in the volume of notifications sent at the price contracted by the customer. The Company monitors provided recovery services by customer and issues the invoice 30 days after the service is rendered. 1.7 Financial Instruments (i) Recognition and initial measurement Dividends receivable are initially recognized on the date that they were originated. All other financial assets and liabilities are initially recognized when the Company becomes a party to the contractual provisions of the instrument. A financial asset (unless it is an account receivable without a material financing component) is initially measured at fair value, plus, for an item not measured at fair value through profit or loss (FVPL), transaction costs that are directly attributable to its acquisition or issue. Accounts receivable without a significant financing component are initially measured at the price of the transaction. (ii) Classification and subsequent measurement Financial instruments At initial recognition, a financial asset is classified as measured at amortized cost, fair value through other comprehensive income (FVOCI) or fair value through profit and loss (FVPL). To determine recognition, the Company makes an assessment of the objective of the business model in which a financial asset is held at the portfolio level, since this best reflects the way the business is managed and information is provided to management. The information considered includes: • whether management’s strategy focuses on obtaining contractual interest revenue, maintaining a certain interest rate profile, matching the duration of financial assets to the duration of related liabilities or expected cash outflows, or the realization of cash flows through the sale of assets; • how the performance of the portfolio is evaluated and reported to the Company’s management; • risks that affect the performance of the business model and the manner in which those risks are managed; and • Financial assets managed and whose performance is evaluated based on fair value are measured at FVPL. The financial assets of the Company are measured at fair value through profit and loss. In 2021 and 2022 and through August 7, 2023, these assets include the investment in 9.95% of the outstanding equity of BVS which was recorded in Financial assets measured at FVPL within the Company’s Statement of Financial Position. The Company recorded the investment using a mark-to-market Also included in Financial assets at FVPL was the investment in 9.5% of the outstanding equity of Neuroanalitica Participacoes Ltda. (“Neuroanalitica”), which is not a publicly traded company and is focused on the development of automated solutions for the decision cycle. The Company recorded the investment at cost which represented the best estimate of fair value. The investment balance recorded for Nueroanalitica was R$ 2,576 as of December 31, 2022. We sold our investment in Neuroanaltica on May 12, 2023 which resulted in a gain of R$ 31,211. This gain has been recorded in other income, net. Other income, net is primarily dividend income of R$14,553 and $5,053 for the years ended December 31, 2022 and December 31, 2021 respectively Financial assets at amortized cost - These assets are subsequently measured at amortized cost using the effective interest rate method. Amortized cost is reduced for impairment losses. Interest revenue, foreign exchange gains and losses, and impairment losses are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. All financial assets not classified as measured at amortized cost, as described above, are classified at FVPL. This includes cash and cash equivalents, and our investment in the equity of BVS. Upon initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost at FVPL if this would significantly eliminate or reduce an accounting mismatch that would otherwise arise. Financial liabilities - Financial liabilities are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method. Interest expense is recognized in profit or loss. Any gain or loss on derecognition is also recognized in profit or loss. (iii) Derecognition Financial assets The Company derecognizes a financial asset when the contractual rights to the cash flows expire, or when the Company transfers the rights to receive the contractual cash flows in a transaction in which substantially all risks and benefits of owning the financial asset are transferred or in which the Company neither substantially transfers nor maintains all risks and benefits of owning the financial asset and it does not retain control over the financial asset. Financial liabilities The Company derecognizes a financial liability when its contractual obligations are discharged, canceled or expired. The Company also derecognizes a financial liability when terms are modified, and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. On derecognition of a financial liability, the difference between the carrying amount and the consideration paid (including any non-cash 1.8 Fair Value Measurements For financial assets and liabilities measured at fair value on a recurring basis, fair value is the price the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. In the absence of active markets for the identical assets or liabilities, such measurements involve developing assumptions based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction that occurs at the measurement date. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. Preference is given to observable inputs. These two types of inputs create the following fair value hierarchy: Level 1 — Quoted prices for identical instruments in active markets. Level 2 — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 — Significant inputs to the valuation model are unobservable. We maintain policies and procedures to value instruments using the best and most relevant data available. In addition, the Company performs reviews to assess the reasonableness of the valuations. This detailed review may include the use of a third-party valuation firm. Additional information on the assumptions adopted in the measurement of fair values is included in Note 18—Financial instruments. 1.9 Impairment (i) Non-derivative Financial instruments and contractual assets The Company recognizes provisions for expected credit losses on financial assets measured at amortized cost under the simplified approach. When estimating expected credit losses, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes quantitative and qualitative information and analysis, based on the Company’s historical experience, credit assessment and considering forward-looking information. The Company uses a “provision matrix” to calculate expected losses for its trade receivables. The provision matrix is based on the percentages of historical loss observed over the expected life of the receivables and is adjusted for specific customers according to score (percentage that represents the statistical calculation produced internally that considers future estimates and qualitative factors, such as capacity debtor’s financial situation). These qualitative factors are monitored monthly by the Company’s treasury. Historical loss percentages and scores are reviewed whenever a significant event occurs with indications that there may be a significant change in these percentages. For customers with a delinquency of less than or greater than 90 days, but with a high probability of recovery, the Company’s historical recovery percentages are applied. The score is applied to customers who have been in default for more than 90 days and have a low probability of recovery. The provision for losses for financial assets measured at amortized cost is deducted from the gross carrying value of the assets. The gross carrying value of a financial asset is written down when the Company has no reasonable expectation of recovering the financial asset in full or in part. The Company does not expect any significant recovery of the written-off 1.10 Labor obligations Short-term labor obligations Obligations for short-term employee benefits are recognized as personnel expenses as the related service is provided. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available. The Company offers to its employees a defined-contribution pension plan, called Boa Vista Prev., managed by Bradesco Vida e Previdência, whose monthly contributions are made in part by the employees and part by the Company. The plan was implemented on November 1, 2011 and modified in 2015. 1.11 Intangible assets Separately acquired intangible assets with a defined useful life are recorded at cost, less accumulated amortization and impairment losses. Amortization is recognized on a straight-line basis, according to the estimated useful lives of the assets. The estimated useful lives and the amortization method are reviewed annually, and the effects of any changes in estimates are recorded prospectively. Intangible assets with indefinite useful lives are not amortized, but are tested annually for impairment. Database Intangible assets include expenditures for databases, mainly from registry offices, to create products offered by the Company to its customers. These assets are amortized under the straight-line method, whose useful life is based on the legal period for the disclosure of such information, of five years and seven years depending on the nature of the data. Trademarks Separately acquired trademarks are stated at historical cost. Trademarks acquired in a business combination are recognized at fair value on the acquisition date and are amortized over two years. Software Licenses acquired for computer programs that are capitalized based on costs incurred and amortized over their useful life. Expenditures associated with software development are capitalized and amortized over their estimated useful lives or maintenance are recognized as expenses when incurred. Customer portfolio Relationships with customers acquired in business combinations represent important access to a specific market for market participants as well as a barrier to competitors. Non-compete Non-compete 1.12 Amortization Amortization is calculated using the straight-line method based on the estimated useful lives of each asset. Amortization is recognized in profit or loss. Estimated useful lives are as follows: Useful life - Trademark 2 Database 5 - 7 Software 5 Customer portfolio 10 Non-compete 15 Amortization methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. 1.13 Product development costs Internal projects relate to the structuring and development of products and are classified as “Internally developed products” when the product is ready for sale. However, products that are still under development are classified as “Intangible assets in progress”. Directly attributable expenses with the development of projects linked to technological innovations are capitalized when all of the following aspects are met: • Technical feasibility can be demonstrated to complete the asset in such a way that it is made available for use; • The Company has the intention and ability to complete the intangible asset and use it; • It is possible to demonstrate how the intangible asset will generate future economic benefits; • The Company has the ability to reliably measure the expenditures attributable to the intangible asset during its development. • The Company can demonstrate the availability of adequate technical, financial and other resources to complete the development. Capitalized expenditures, when the aforementioned criteria are met, include labor costs that are directly attributable to the preparation of this asset. Development activities involve a plan or project aimed at producing new products and/or improvements. Following initial recognition, the asset is carried at cost less any accumulated amortization and any impairment losses. Amortization begins when development is completed and the asset is available for use for the period of the future economic benefits. The useful life of development assets reflects the period of financial return of each project, which is estimated between two and five years. During the development 1.14 Impairment of Non-financial On each reporting date, the Company reviews the carrying amounts of its non-financial For impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or cash generating units (“CGUs”). Goodwill and intangible assets with indefinite useful lives arising from a business combination are allocated to CGUs or groups of CGUs that are expected to benefit from the synergies of the combination. As of December 31, 2023 we have one CGU. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs of disposal. Value-in-use pre-tax An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. They are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis. An impairment loss in respect of goodwill is not reversed. For other assets, an impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. 1.15 Cash and Cash Equivalents Cash and cash equivalents include cash in hand, cash at banks, deposits held at call with financial institutions and other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. 1.16 Interest in joint venture A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The aggregate of the Company’s share of profit or loss of a joint venture is shown on the face of the consolidated statement of profit or loss and other comprehensive income outside operating profit and represents profit or loss after tax and non-controlling Interests in joint ventures are accounted for using the equity method, after initially being recognised at cost in the consolidated statement of financial position. Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize the Company’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Company’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from joint ventures are recognized as a reduction in the carrying amount of the investment. Where the Company’s share of losses in an equity method investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Company does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealized gains on transactions between the Company and its joint ventures are eliminated to the extent of the Company’s interest in these entities. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Company. 1.17 Business combination and goodwill The Company uses the acquisition method to account for business combinations. The cost of an acquisition is measured as the sum of the consideration transferred, which is measured at the acquisition-date fair value. Costs directly attributable to the acquisition are expensed as incurred. When acquiring a business, the Company evaluates the financial assets acquired and liabilities assumed to classify them according to the contractual terms, the economic circumstances and the applicable conditions on the date of acquisition. Goodwill corresponds to the value paid in excess of the assets acquired and liabilities assumed at fair value, resulting from the expectation of future profitability and supported by economic and financial studies that were the basis for the purchase price of the business. Goodwill is measured at cost, less accumulated impairment losses. It is tested for impairment annually, or more frequently if there is indication that the Cash-Generating Unit may be impaired. Goodwill arising on acquisition of subsidiaries is recognized in intangible assets. 1.18 Provisions Provisions are recognized for present obligations (legal or constructive) resulting from past events, in which it is possible to estimate the amounts reliably and whose settlement is likely. The amount recognized as a provision is the best estimate of the consideration required to settle the obligation at the end of each year, considering the risks and uncertainties related to the obligation. The determination of the probability of loss includes the assessment of available evidence, the hierarchy of laws, the available jurisprudence, the most recent court decisions and their relevance in the legal system, as well as the assessment of the Company’s internal and external lawyers. In the case of civil contingencies, the provision is made according to the number of active lawsuits regardless of their likelihood of loss, multiplied by the historical average loss value of the lawsuits. A contingent liability recognized in a business combination is initially measured at fair value. Subsequently, it is measured by the higher of the value that would be recognized in accordance with the requirements of provisions above or the amount initially recognized less (when appropriate) the accumulated amortization recognized. 1.19 Foreign Currency We have determined that the local currency is the functional currency as determined by a review of the economic environment where the Company primarily generates and expends cash. The Company’s financial statements are presented in Brazilian Reais, which is also the Company’s functional currency. 1.20 Income Tax Income tax expense represents the sum of our current and deferred taxes. Current and deferred income tax expense are calculated based on the rates of 15% plus a surcharge of 10% on taxable income in excess of R$240,000 (R$20,000 per month) for income tax and 9% on taxable income for social contribution on net income, and consider the offsetting of tax losses, limited to 30% of the taxable income for the year. Current and deferred taxes are recognized in profit or loss. Current income tax Current tax expense is the tax payable or receivable on the taxable income or loss for the year and any adjustments to taxes payable in relation to prior years. The amount of current taxes payable or receivable is recognized in the Statements of Financial Position as a tax asset or liability under the best estimate of the expected amount of taxes to be paid or received reflecting the uncertainties related to its calculation, if any. It is measured based on tax rates enacted at the reporting date. Current tax assets and liabilities are offset only if certain criteria are met. Deferred income tax Deferred tax assets and liabilities are recognized in relation to the temporary differences between the book values of assets and liabilities for financial statement purposes and the related amounts used for taxation purposes. The changes in deferred tax assets and liabilities for the year are recognized as deferred income tax expense. Deferred tax is not recognized for temporary differences on the initial recognition of assets and liabilities in a transaction that is not a business combination, and that does not affect the taxable or accounting profit or loss; or taxable temporary differences arising from the initial recognition of goodwill. A deferred tax asset is recognized in relation to the unused tax losses and deductible temporary differences to the extent that it is probable that future taxable income will be available to be used to offset such amounts. Future taxable income is determined based on the reversal of relevant taxable temporary differences. If the amount of the taxable temporary differences is insufficient to fully recognize a deferred tax asset, the future taxable income, adjusted for reversals of the existing temporary differences, is considered, based on the Company’s business plans. Deferred tax assets are reviewed at each reporting date and reduced when their realization is no longer probable. Deferred tax assets and liabilities are measured at tax rates expected to be applied to temporary differences when they are reversed, based on rates enacted or substantively enacted up to reporting date. The measurement of deferred tax assets and liabilities reflects the tax consequences of how the Company expects to recover or settle its assets or liabilities. Deferred tax assets and liabilities are offset only if (a) the Company has a legal right to offset current tax assets against current tax liabilities; and (b) the deferred tax assets and liabilities are related to income taxes levied by the same tax authority. 1.21 Dividends and interest on net equity (“INE”) The proposal for distribution of dividends made by the Company’s board of directors that is within the portion equivalent to the minimum mandatory dividends is recorded in current liabilities, as “Dividends payable”, since it is considered a legal obligation established in the Company’s bylaws. Shareholders are entitled to minimum mandatory dividends of 25% of the net income for each year, adjusted in accordance with the legislation in force unless the board of directors determines the distribution would be incompatible with the current financial situation. The distribution of dividends and interest on net equity to the Company’s shareholders is recognized as a liability payable of the Company at the end of the year, based on the Company’s bylaws. 1.22 Recent Accounting Pronouncements New standards, amendments and interpretations to standards The standards, amendments and interpretations to standards issued but not effective until after the date of issue of these financial statements are presented below: Amendment to IAS 1 non-current, non-current The following new and amended accounting standards are not expected to have a significant impact on the Company’s consolidated financial statements. • Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7) • Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) • Lack of Exchangeability (Amendments to IAS 21) • Sale or Contribution of Assets between an investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28) There are a number of new or amended standards as described further below that are mandatorily effective for an accounting period that began after January 1 | |
Boa Vista Servicos S A [member] | ||
Disclosure Of Business And Nature Of Operations [Line Items] | ||
Description of Business, and Basis of Presentation and Summary of Significant Accounting Policies | 2 Preparation basis and presentation of the financial statements These consolidated financial statements were prepared for inclusion as predecessor financial statements in the annual report on Form 20-F a) Statement of compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and interpretations as issued by the International Accounting Standards Board (“IASB”), except for the lack of presentation of a consolidated statements of profit or loss and other comprehensive income, changes in shareholders’ equity and cash flows and related notes for the comparative period from January 1, 2022 to August 7, 2022, as required by International Accounting Standard 1 - Presentation of Financial Statements, which constitutes a departure from IFRS as issued by the IASB. They were authorized for issue by the Company’s Management on April 18, 2024. b) Functional currency These consolidated financial statements have been prepared and are presented in Reais (R$), which is the Company’s functional currency. The consolidated financial statements include the financial statements of the Company and its subsidiary, through the date the Company maintained control of the subsidiary, April 20, 2023. See Notes 1 b), 10 and 13 for further information). c) Consolidated financial statements The Company consolidates the financial information for all entities it controls. Control is obtained when the Company has the power over the relevant activities of an entity, exposure to variability of returns from this entity and there is linkage between the power and the returns of an entity to benefit from its activities. In the consolidation, the balances and transactions between the companies were eliminated through the following procedures: (a) elimination of the balances of asset and liability accounts in the consolidated companies; and (b) elimination of the Company’s investment balances with the capital balances, reserve of retained earnings (accumulated deficit) of the subsidiaries. Subsidiaries are fully consolidated from the date on which control is transferred to the Company and deconsolidated from the date that control ceases. Balances and transactions between The Parent company’s losses are also eliminated, except in the case of impairment losses, which are recognized When the entity loses control over a subsidiary the assets and liabilities and any non-controlling When the entity loses control over a subsidiary via the contribution of that subsidiary to an existing or newly created equity-accounted investee (including a joint venture), the Company has chosen to recognize the full amount of the gain or loss resulting from the loss of control in profit or loss. If the Company maintains any interest in the former subsidiary, this interest is measured at its fair value on the date control is lost. |
Business Combinations
Business Combinations | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of detailed information about business combination [abstract] | |
Business Combinations | NOTE 2 Business Combinations On August 7, 2023, we acquired all the remaining interest of our investment in Boa Vista Serviços S.A. (“BVS”), a consumer and commercial credit information company in Brazil for approximately R$4,240 million (the “Acquisition”) and obtained control. This transaction was executed in order to expand our operational footprint within Brazil. We previously owned a 9.95% investment in BVS. BVS operates in the Brazilian market, with the aim of reducing information asymmetry, making customer prospecting, analysis and credit recovery safer and more accessible, with revenues concentrated in the Southeast and South regions, where the majority of the Brazilian Gross Domestic Product (GDP) is generated. Assets acquired and liabilities assumed The Company accounted for the assets acquired and the liabilities assumed at fair value at the date of the acquisition. Due to the timing of the transaction, the initial accounting for the business combination is incomplete and the purchase price allocation for the acquisition is not yet finalized. Open areas relate to measurement of intangible assets, income taxes, working capital and other reserves, as well as the assignment of goodwill recognized in the transaction. Accordingly, adjustments may be made to the values of the assets acquired and liabilities assumed as additional information is obtained about the facts and circumstances that existed at the valuation date. The valuation of acquired assets and assumed liabilities at the date of the acquisition, include the following: Net assets acquired Amount (In thousands) Cash and cash equivalents R$ 1,172,874 Trade accounts receivable and other current assets 172,054 Other assets, net 240,292 Purchased intangible assets 1,182,628 Goodwill 1,994,493 Total assets acquired 4,762,341 Total liabilities assumed (522,344 ) Net assets acquired R$ 4,239,997 The goodwill recognized in connection with the transaction was due to expanded growth opportunities from expanding in Brazil, and from the opportunity to create new or enhanced product offerings, as well as cost savings from improved technology and the elimination of duplicative activities that are not recognized as assets apart from goodwill. At December 31, 2023 the goodwill is not tax deductible. The acquired business contributed revenues of R$320,376 and profit of R$ 54,619 to the Company for the period from August 8, 2023 to December 31, 2023. If the acquisition had occurred on January 1, 2023, consolidated pro forma revenue and profit for the year ended December 31, 2023 would have been R$814,991 and R$312,443 respectively. Consideration transferred The following table summarizes the fair value of consideration exchanged to complete the acquisition of BVS: Fair value of consideration Amount (In thousands) Cash transferred (1) R$ 2,489,994 Equifax do Brasil common shares issued (2) 863,779 Equifax Brazilian Depositary Receipts (“Equifax BDRs”) issued (3) 465,319 Fair value of 9.95% investment 420,905 Total value of consideration R$ 4,239,997 (1) The cash transferred represents the actual cash transferred as part of the transaction. (2) The fair value of the 2,171,613 Equifax do Brasil common shares issued was determined based on the offer price for the outstanding BVS shares. (3) One Equifax BDR represents one share of Equifax Inc. common stock. The fair value of the 479,725 Equifax BDRs issued was determined based on the share price of Equifax Inc. as of August 7, 2023. |
Operating Segment
Operating Segment | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of operating segments [line items] | ||
Operating Segment | NOTE 3 Operating segment Segments We manage our business and report our financial results through one operating segment. The Company’s chief operating decision maker (CODM) is the chief executive officer. | |
Boa Vista Servicos S A [member] | ||
Disclosure of operating segments [line items] | ||
Operating Segment | 25 Operating segment The Group has only one reportable segment for the period from January 1, 2023 to August 7, 2023 and for the year ended December 31, 2022. |
Revenue
Revenue | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Revenue From Contracts With Customers [Line Items] | ||
Revenue | NOTE 4 Revenue For the year ended (In thousands) December 31, 2023 Decision services R$ 298,211 Recovery services R$ 61,533 Tax (10.86%) (39,368 ) Total Net Revenue R$ 320,376 | |
Boa Vista Servicos S A [member] | ||
Revenue From Contracts With Customers [Line Items] | ||
Revenue | 26 Revenue Disaggregation of revenue from contracts with customers The Group’s disaggregated revenue for the period from January 1, 2023 to August 7, 2023 and for the year ended December 31, 2022 were as follows: August 7, December 31, December 31, Decision services Risk analytics 278,805 473,030 417,953 Legacy data report 80,142 144,064 145,181 Marketing services 24,265 45,030 38,922 Anti-fraud solutions 16,382 31,252 16,629 Consumer services 12,797 45,733 29,556 Recovery services Digital solutions 60,492 90,435 58,855 Printed solutions 21,732 42,749 44,186 494,615 872,293 751,282 Timing of revenue recognition Services transferred over time 494,615 872,293 751,282 The Group earned revenue abroad in the period from January 1, 2023 to August 7, 2023 in the amount of R$3,795 (R$10,730 in the year ended December 31, 2022 and there was no revenue earned abroad in the year ended December 31, 2021). In the period from January 1, 2023 to August 7, 2023 and the year ended December 31, 2022, and 2021 revenues related to the Group’s largest customer (economic group) represented 11.90%, 9.82% and 11.25%, respectively, of net revenues from services. There are no other customers representing more than 7.0% of total revenue in the financial period/year. The Company is not subject to significant seasonal fluctuations in its revenues. |
Costs of Services Rendered, Sel
Costs of Services Rendered, Selling Expenses, General and Administrative Expenses by Nature | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of attribution of expenses by nature to their function [line items] | ||
Costs of services rendered, selling expenses, general and administrative expenses by nature | NOTE 5 Costs of services rendered, selling expenses, general and administrative expenses by nature We present below the details of expenses by nature: (In thousands) Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 Nature Salaries, benefits and charges R$ (90,968 ) R$ (152 ) R$ (134 ) Technology services (22,187 ) — — Maintenance (18,737 ) — — Communications and other variable costs (11,481 ) — — Consulting, auditing and legal (22,706 ) (1,080 ) (1,735 ) Commissions (6,380 ) — — Sales and marketing (5,171 ) — — Depreciation and amortization (74,391 ) — — Impairment losses on non-financial (2,033 ) — — Expected credit losses on accounts receivable 266 — — Others 125 (2,121 ) (1,119 ) Total R$ (253,663 ) R$ (3,353 ) R$ (2,988 ) Classified as: Cost of services rendered R$ (147,359 ) R$ — R$ — Selling expenses (30,595 ) — — General and administrative expenses (75,709 ) (3,353 ) (2,988 ) Total R$ (253,663 ) R$ (3,353 ) R$ (2,988 ) | |
Boa Vista Servicos S A [member] | ||
Disclosure of attribution of expenses by nature to their function [line items] | ||
Costs of services rendered, selling expenses, general and administrative expenses by nature | 27 Costs of services rendered, selling expenses, general and administrative expenses by nature a) Costs of services rendered, selling expenses, general and administrative expenses by nature We present below the details of expenses by nature: Period ended Year ended Year ended Nature Salaries, benefits and charges (159,818 ) (261,528 ) (188,116 ) Technology services (29,479 ) (41,503 ) (63,025 ) Maintenance (26,113 ) (44,568 ) (45,803 ) Communications and other variable costs (18,146 ) (42,393 ) (54,033 ) Consulting, auditing and legal (63,168 ) (39,714 ) (31,909 ) Commissions (9,458 ) (14,948 ) (13,742 ) Sales and marketing (7,427 ) (10,192 ) (11,204 ) Depreciation and amortization (115,345 ) (195,583 ) (188,235 ) Impairment losses on non-financial (*) — — (23,360 ) Expected credit losses on accounts receivable (3,477 ) (815 ) (1,506 ) Others (11,894 ) (5,467 ) (14,922 ) Total (444,325 ) (656,711 ) (635,855 ) Classified as: Cost of services rendered (228,167 ) (369,293 ) (368,952 ) Selling expenses (51,945 ) (69,116 ) (60,329 ) General and administrative expenses (164,213 ) (218,302 ) (206,574 ) Total (444,325 ) (656,711 ) (635,855 ) (*) In the year ended December 31, 2021, the amount of R$23,360 recorded in this account refers to impairment of assets of CGU Acordo Certo. |
Financial Income (Expenses)
Financial Income (Expenses) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure Of Finance Income Expense [Line Items] | ||
Financial Income (Expenses) | NOTE 6 Financial income (expenses) Financial income and expenses for the years ended December 31, 2023, 2022, and 2021 were as follows: (In thousands) Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 Financial income Discounts obtained R$ 337 R$ — R$ — Interest and fines on accounts receivable 372 — — Interest income arising from financial assets 29,360 398 73 Adjustment at present value 157 — — Other financial income 3,380 — — Total financial income R$ 33,606 R$ 398 R$ 73 Financial expenses Discounts granted R$ (161 ) R$ — R$ — Interest and fines – liabilities (8,977 ) — — Interest on leases (394 ) — — Other financial expenses (24,940 ) (889 ) (1 ) Total financial expenses R$ (34,472 ) R$ (889 ) R$ (1 ) Financial income (expenses), net R$ (866 ) R$ (491 ) R$ 72 | |
Boa Vista Servicos S A [member] | ||
Disclosure Of Finance Income Expense [Line Items] | ||
Financial Income (Expenses) | 28 Financial income (expenses) Financial income and expenses in the period from January 1, 2023 to August 7, 2023 and the year ended December 31, 2022 were as follows: Period ended Year ended Year ended Financial income Discounts obtained 479 411 27 Interest and fines on accounts receivable 606 1,238 1,019 Change in fair value of contingent consideration (*) — — 79,538 Interest income arising from financial assets 97,320 149,994 54,265 Interest income on long term receivables 441 768 961 Other financial income 3,895 2,483 1,148 Total financial income 102,741 154,894 136,958 Financial expenses Discounts granted (448 ) (807 ) (894 ) Interest and fines – liabilities (356 ) (136 ) (174 ) Interest on leases (702 ) (1,940 ) (2,263 ) Interest on bank loans and borrowings — (182 ) (3,060 ) Interest on debentures — (4,687 ) (7,463 ) Change in fair value of contingent consideration (*) — (20,676 ) — Unwinding of the time value of money (**) (12,033 ) (1,218 ) (470 ) Other financial expenses (5,467 ) (2,623 ) (1,905 ) Total financial expenses (19,006 ) (32,269 ) (16,229 ) Financial income (expenses) 83,735 122,625 120,729 (*) Refers to the remeasurement of the fair value of the contingent consideration for the acquisition of Acordo Certo, in the amount of R$21,683 and a provision of PIS and COFINS in the amount of R$1,007 on financial income, presented on a net basis, for the year ended December 31, 2022, and financial income in the amount of R$83,417 and a provision of PIS and COFINS in the amount of R$3,879 on financial income, presented on a net basis, for the year ended December 31, 2021. (**) Relates to financial expenses for acquisition of investment in the amount of R$8,696 (R$1,218 and R$470 as of December 31, 2022 and December 31, 2021, respectively), and compensation for post-combination services in the amount of R$3,337 for the period ended August 7, 2023 (R$0 and R$0 for the years ended December 31, 2022 and December 31, 2021, respectively). |
Subsidiary
Subsidiary | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servios S.A [Member] | |
Disclosure of subsidiaries [line items] | |
Subsidiary | 4 Subsidiary We present below information on the Company’s subsidiary as of August 7, 2023 and December 31, 2022: Direct interest: August 7, 2023 December 31, 2022 Ownership interest % Acordo Certo Participações S.A. (*) — 100.00 (*) On April 20, 2023, Acordo Certo was contributed to BVRV Participações S.A. (“BVRV”), a joint venture, formed with RV Marketing, LLC and RV Technology, LLC (together, “RV “). See Notes 1b), 10 and 13 for further information. Acquired in 2020, Acordo Certo Participações S.A. (“Acordo Certo”) is the holder of 100% of the capital of Acordo Certo Ltda. On October 25, 2022, the assets and liabilities in the subsidiary Acordo Certo, together with the intangible assets related to Consumidor Positivo (a consumer-oriented business unit composed by software’s internally developed products and intangible assets in progress), met the criteria for classification as held for sale (see Note 13). |
Material Accounting Policies
Material Accounting Policies | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servios S.A [Member] | |
Disclosure Of Material Accounting Policies [Line Items] | |
Material Accounting Policies | 5 Material accounting policies 5.1 Revenue recognition The Group generates revenue through two revenue streams: i) decision services and ii) recovery services. The Group determines revenue recognition through the following steps: • identification of a contract with a customer; • identification of the performance obligation(s) in the contract; • determination of the transaction price; • allocation of the transaction price to the performance obligation(s) in the contract and; • recognition of revenue when or as the performance obligation(s) are satisfied. At contract inception, the Group assesses the services promised within each contract, determines which goods or services are performance obligations, and assesses whether each promised service is distinct. The Group then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when, or as that performance obligation is satisfied. 5.1.1 Revenue from decision services Decision services revenue is derived from subscription arrangements to the Group’s platform, a comprehensive database with features to support customers with assessment and decision-making related to their customers credit risk. The following is a summary of the decision services available as a feature in the Group’s platform through subscriptions: • Risk analytics - solutions based on statistical models to help companies to make more assertive and efficient business decisions. • Legacy data report - reports with recording, demographic and restrictive data. • Marketing services - intelligence to identify customers with the most adequate profile for its target. • Anti-fraud solutions – security solution for virtual stores, fintechs and payments processing industry by combating fraud in digital transactions. Subscriptions (i.e., monthly and annually) are generally determined to have one distinct performance obligation, which is access to the Group’s platform and its features, and are recognized over time, ratably, over the subscription term, as the performance obligation is satisfied. In addition, the renewal of the monthly subscription is automatic and can be canceled at any time. The renewal of the annual subscription is not automatic, and customers who terminate their subscription earlier than the contracted period pay a penalty fee of 30% of the amount to be paid by the end of the contract. Prepayments In some cases, the customer prepays its annual subscription. When the customer makes a prepayment, a contract liability is recognized in the amount of such prepayment with an obligation for provision of commercial credit reporting and scoring to the customer. The realization of the contract liability and recognition of revenue occurs as the customer receives and has access to the contracted features. For prepaid contract amounts, the unused balance is recognized when there is no more right of consumption by the customer. 5.1.2 Revenue from recovery services Recovery services revenue is derived from solutions to support customers in recovering debts. The following is a summary of the recovery services provided by the Group: • Digital solutions - Solutions for the management of creditor’s defaulting portfolios and for sending formal communications to debtors via digital vehicles, such as SMS and e-mail. • Printed solutions - Submission of printed collection letter to debtors and reports with consumers’ debt history. The Group uses its digital solutions and analysis techniques to define processes and communication flows for each customer, increasing the effectiveness of the credit recovery process (i.e., notifying the debtor and, in case of continued non-payment, Recovery services arrangements are determined to have one performance obligation, which are either the digital or the printed solutions, and are recognized over time, ratably over the contract terms as the performance obligation is satisfied based on the volume of notifications sent by month. Each notification sent to debtors corresponds to a separate 5.2 Financial instruments Recognition and initial measurement Trade receivables and debt securities issued are initially recognized on the date that they were originated. All other financial assets and liabilities are initially recognized A financial asset (unless it is an account receivable without a material financing component) or a financial liability is initially measured at fair value, plus, for an item not measured at FVTPL (fair value through profit or loss), transaction costs that are directly attributable to its acquisition or issuance. Accounts receivable without a significant financing component are initially measured at the price of the (i) Classification and subsequent measurement Financial assets At initial recognition, a financial asset is classified as measured: at amortized cost or at FVTPL. A financial asset is classified and measured at amortized cost or fair value through other comprehensive income only if it generates cash flows related “solely to payments of principal and interest” on the principal amount outstanding. This assessment is carried out at the instrument level. Financial assets with cash flows that are not solely principal and interest payments are classified and measured at fair value through profit or loss, regardless of the business model adopted. The Group’s business model for managing financial assets refers to how it manages its financial assets to generate cash flows. The business model determines whether cash flows will result from the collection of contractual cash flows, the sale of financial assets, or both. Financial assets classified and measured at amortized cost are maintained in the business plan with the objective of maintaining financial assets in order to obtain contractual cash flows, whereas financial assets classified and measured at fair value through other comprehensive income are maintained in the business model with the objective of obtaining contractual cash flows and also for the purpose of sale. The Group makes an assessment of the objective of the business model in which a financial asset is held at the portfolio level, since this best reflects the way, the business is managed and information is provided to management. The information considered includes: Whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of financial assets to the duration of any related liabilities or expected cash outflows, or realizing cash flows through the sale of the assets. How the performance of the portfolio is evaluated and reported to the Group’s management. Risks that affect the performance of the business model and the manner in which those risks are managed; and Financial assets managed and whose performance is evaluated based on fair value are measured at FVTPL. Financial assets at FVTPL These assets are subsequently measured at fair value. Net income, including interest, is recognized in profit or loss. Financial assets at amortized cost These assets are subsequently measured at amortized cost using the effective interest rate method. Amortized cost is reduced for impairment losses. Interest revenue, foreign exchange gains and losses, and impairment losses are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. All financial assets not classified as measured at amortized cost, as described above, are classified at FVTPL. This includes cash and cash equivalents, and derivatives (see Note 30). Upon initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVTPL if this would significantly eliminate or reduce an accounting mismatch that would otherwise arise. Financial liabilities - classification, subsequent measurement and gains and losses Financial liabilities are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method. Interest expense, and foreign exchange gains and losses are recognized in profit or loss. Any gain or loss on derecognition is also recognized in profit or loss. (ii) Derecognition Financial assets The Group derecognizes a financial asset when the contractual rights to the cash flows expire, or when the Group transfers financial Financial liabilities The Group derecognizes a financial liability when its contractual obligations are discharged or canceled or expires. The Group also derecognizes a financial liability when terms are modified, and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. On derecognition of a financial liability, the difference between the carrying amount and the consideration paid (including any non-cash 5.3 Impairment (i) Non-derivative Financial instruments and contract assets The Group recognizes provisions for expected credit losses on financial assets measured at amortized cost under the simplified approach. When estimating expected credit losses, the Group considers reasonable and supportable information that is relevant and available. This includes quantitative and qualitative information and analysis, based on the Group’s historical experience, credit assessment, and also considers forward-looking information. The Group uses an allowance calculation matrix to calculate the expected credit loss for accounts receivable. The allowance matrix is based on the historical loss percentages observed over the expected life of the receivables and is adjusted for specific customers, according to the score (percentage from an internally produced statistical calculation that considers future estimates and qualitative factors such as the financial capacity of debtor – “Low Score”). These qualitative factors are monitored monthly by the Group’s treasury department. Historical loss percentages and scores are reviewed whenever any significant event occurs, with indications that there may be a significant change in these percentages. For customers in default with high probability of recovery the company applies the historical recovery percentages in order to calculate the allowance for these particular customers. For customers in default Provision for losses for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. The gross carrying amount of a financial asset is written off when the Group has no reasonable expectation of recovering the financial asset in full or in part. The Group does not expect any significant recovery of amounts written off. However, financial assets written off may still be subject to credit collection, in compliance with procedures of the Group for the recovery of the amounts due. 5.4 Employee benefits (i) Short-term employee benefits Obligations for short-term employee benefits are recognized as personnel expenses as the related service is provided. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available. The Company offers to its employees a defined-contribution pension plan, called Boa Vista Prev., managed by Bradesco Vida e Previdência, whose monthly contributions are made in part by the employees and part by the Company. The plan was implemented on November 1, 2011 and modified in 2015. (ii) Share-based payment plans The fair value of share-based payments is calculated on the grant date, and recognized as personnel expenses, with a corresponding increase in shareholders’ equity, over the period when employees become unconditionally entitled to the awards. The amount recognized as an expense is adjusted to reflect the actual number of awards for which the related service and performance conditions will be met, so that the amount ultimately recognized as an expense is based on the number of awards meeting the services and performance conditions on vesting date. 5.5 Intangible assets They correspond to the acquired rights related to intangible assets and are comprised as following: Intangible assets acquired separately Separately acquired intangible assets with a defined useful life are recorded at cost, less accumulated amortization and impairment losses. Amortization is recognized on a straight-line basis, according to the estimated useful lives of the assets. The estimated useful lives and the amortization method are reviewed annually, and the effects of any changes in estimates are recorded prospectively. Intangible assets with indefinite useful lives are not amortized, but are tested annually for impairment, individually or in the level of the Cash Generating Unit (CGU). a. Database Intangible assets include expenditures for databases, mainly from registry offices, to create products offered by the Group to its customers. These assets are amortized under the straight-line method, whose useful life is based on legal period for the disclosure of such information, of five years. b. Trademarks Separately acquired trademarks are stated at historical cost. Trademarks acquired in a business combination are recognized at fair value on the acquisition date and are not amortized over time. c. Software Refers to licenses acquired for computer programs that are capitalized based Software acquired in a business combination is recognized at fair value on the acquisition date and its respective amortization is carried out in accordance with the estimated useful life of the intangible asset. d. Relationship with customers acquired in business combination Relates to relationships with customers acquired in business combination representing important access to a specific market for any market participant as well as a barrier to competitors. e. Non-compete It refers to a non-compete Amortization Amortization is calculated using the straight-line method based on the estimated useful lives of each asset. Amortization is recognized in profit or loss. Estimated useful lives are as follows: Useful life - years Database 5 Software 5 to 8 Relationship with customers acquired in business combination 17 Non-compete 15 Amortization methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. Product development costs Expenditures with internal projects related to the structuring and development of products. They are classified as “Internally developed products” when the product is ready for sale. However, products that are still under development are classified as “Intangible assets in progress”. Directly attributable expenses with the development of projects linked to technological innovations are capitalized when all of the following aspects are met: • Technical feasibility can be demonstrated to complete the asset in such a way that it is made available for use; • The Group has the intention and ability to complete the intangible asset and use it; • It is possible to demonstrate how the intangible asset will generate future economic benefits; • The Group has the ability to reliably measure the expenditures attributable to the intangible asset during its development. • The Group can demonstrate the availability of adequate technical, financial and other resources to complete the development. Capitalized expenditures, when the aforementioned criteria are met, include labor costs that are directly attributable to the preparation of this asset. Development activities involve a plan or project aimed at producing new products and/or improvements. Following initial recognition, the asset is carried at cost less any accumulated amortization and any impairment losses. Amortization begins when development is completed and the asset is available for use for the period of the future economic benefits. The useful life of development assets reflects the period of financial return of each project, which is estimated between two and five years. During the development period, the recoverable value of the asset is tested annually. 5.6 Impairment of Non-financial On each reporting date, the Group reviews the carrying amounts of its non-financial determine For impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. Goodwill and intangible assets with indefinite useful life arising from a business combination are allocated to CGUs or groups of CGUs that are expected to benefit from the synergies of the combination. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs of disposal. Value-in-use pre-tax An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. They are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis. An impairment loss in respect of goodwill is not reversed. For other assets, an impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation 5.7 Cash and cash equivalents For the purposes of the statement of cash flows, includes cash and cash equivalents that are represented by cash, with maturities of 90 days or less at time of acquisition, which are readily convertible into known amounts of cash and are subject to immaterial risk of change in fair value. 5.8 Interest in joint venture A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when The aggregate of the Group’s share of profit or loss of a joint venture is shown on the face of the consolidated statement of profit or loss and other comprehensive income outside operating profit. Interests in joint ventures are accounted for using the equity method, after initially being recognised at cost in the consolidated statement of financial position. Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from joint ventures are recognized as a reduction in the carrying amount of the investment. Where the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealized gains on transactions between the Group and its joint venture are eliminated to the extent of the Group’s interest in these entities. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. 5.9 Business combination and goodwill The Group uses the acquisition method to account for business combinations. The cost of an acquisition is measured as the sum of the consideration transferred, which is measured at the acquisition-date fair value. Costs directly attributable to the acquisition are expensed as incurred. When acquiring a business, the Group evaluates the financial assets acquired and liabilities assumed to classify them according to the contractual terms, the economic circumstances and the applicable conditions on the date of acquisition. Goodwill corresponds to the value paid in excess of the carrying amount of investments acquired at fair value, resulting from the expectation of future profitability and supported by economic and financial studies that were the basis for the purchase price of the business. Goodwill is measured at cost, less accumulated impairment losses. It is tested for impairment annually, or more frequently if there is indication that the Cash-Generating Unit may be impaired. Goodwill arising on acquisition of subsidiaries is recognized in intangible assets. 5.10 Provision for tax, civil and labor risks Provisions for tax, civil and labor risks are recognized for present obligations (legal or deemed) resulting from past events, in which it is possible to estimate the amounts reliably and whose settlement is likely. Provisions are monetarily restated up to the end of the reporting period to cover losses, based on the nature of the risk and the Group’s assessment of probable outflow of resources embodying economic benefits required to settle such obligations. The amount recognized as a provision is the best estimate of the considerations required to settle the obligation at the end of each year, considering the risks and uncertainties related to the obligation. The probability of loss for labor and tax contingencies includes the assessment of available evidence, the hierarchy of laws, the available jurisprudence, the most recent court decisions and their relevance in the legal system, as well as the assessment of the Group’s internal and external lawyers. In the case of civil contingencies, the provision is made according to the number of active lawsuits regardless of their likelihood of loss, multiplied by the historical average loss value of the lawsuits. A contingent liability recognized in a business combination is initially measured at fair value. After initial recognition and until the liability is settled, cancelled or expires, it is measured by the higher of the value that would be recognized in accordance with the requirements of provisions above or the amount initially recognized less, if appropriate, the cumulative amount of income recognized for according to revenue recognition requirements. 5.11 Income tax and social contribution The income tax and social contribution expense represents the sum of the current and deferred taxes. The income tax and social contribution amounts, both current and deferred, are calculated based on the rates of 15% plus a surcharge of 10% on taxable income in excess of R$240 (R$20 per month) for income tax and 9% on taxable income for social contribution on net income, and consider the offsetting of tax losses, limited to 30% of the taxable income for the year. Current and deferred taxes are recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or directly in equity (i.e. share issuance costs). (i) Current income tax and social contribution Current tax expense is the tax payable or receivable on the taxable income or loss for the year and any adjustments to taxes payable in relation to prior years. The amount of current taxes payable or receivable is recognized in the (ii) Deferred income tax and social contribution Deferred tax assets and liabilities are recognized in relation to the temporary differences between the book values of assets and liabilities for consolidated financial statement purposes and the related amounts used for taxation purposes. The changes in deferred tax assets and liabilities for the year are recognized as deferred income tax and social contribution expense. Deferred tax is not recognized for temporary differences on the initial recognition of assets and liabilities in a transaction that is not a business combination, and that does not affect the taxable or accounting profit or loss; and taxable temporary differences arising from the initial recognition of goodwill A deferred tax asset is recognized in relation to the unused tax losses and deductible temporary differences to the extent that it is probable that future taxable income will be available to be used to offset such amounts. Future taxable income is determined based on the reversal of relevant taxable temporary differences. If the amount of the taxable temporary differences is insufficient to fully recognize a deferred tax asset, the future taxable income, adjusted for reversals of the existing temporary differences, is considered, based on the Group’s business plans. Deferred tax assets are reviewed at each reporting date and reduced when their realization is no longer probable. Deferred tax assets and liabilities are measured at tax rates expected to be applied to temporary differences when they are reversed, based on rates enacted up to reporting date. The measurement of deferred tax assets and liabilities reflects the tax consequences of how the Group expects to recover or settle its assets or liabilities. Deferred tax assets and liabilities are offset only if (a) the Group has a legal right to offset current tax assets against current tax liabilities; and (b) the deferred tax assets and liabilities are related to income taxes levied by the same tax authority. 5.12 Dividends and interest on net equity (“INE”) The proposal for distribution of dividends made by the Group’s management that is within the portion equivalent to the minimum mandatory dividends is recorded in current liabilities, as “Dividends payable”, since it is considered a legal obligation established in the Group’s bylaws. Shareholders are entitled to minimum mandatory dividends of 25% of the net income for each year, adjusted in accordance with the legislation in force. The distribution of dividends and interest on net equity to the Group’s shareholders is recognized as a liability payable of the Group at the end of the year, based on the Group’s bylaws. Any amount above the minimum mandatory is only provisioned on the date that it is approved by the shareholders, at the General Meeting. 5.13 Property and equipment Property and equipment is stated at historical acquisition cost, net of accumulated depreciation and impairment losses. Depreciation begins when the assets are ready for their intended use. Depreciation is calculated to reduce the cost of items of property and equipment, net of their estimated residual values, using the straight-line method based on the estimated useful lives of such items. Depreciation is recognized in profit or loss. Leased assets are depreciated over the shorter of the estimated useful life of the asset and the contractual term, unless it is certain that the Group will become the owner of the asset at the end of the lease term. The estimated useful lives of the property and equipment are as follows: Useful life - Leasehold improvements 10 Machinery and equipment 10 Facilities 10 Furniture and fixtures 10 IT equipment 5 Right of use of real estate 10 An item of property and equipment is derecognized after disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal of an item of property and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognized in profit or loss. 5.14 Assets held for sale Assets, or disposal groups comprising assets and liabilities, are classified as held-for Such assets, or disposal groups, are generally measured at the lower of their carrying amount and fair value less costs to disposal. Any impairment loss on a disposal group is allocated first to goodwill, and then to the remaining assets and liabilities on a pro rata basis, except that no loss is allocated to inventories, financial assets, deferred tax assets, employee benefit assets, investment property or biological assets, which continue to be measured in accordance with the Group’s other accounting policies. Impairment losses on initial classification as held-for-sale Once classified as held-for-sale, 5.15 New standards, amendments and interpretations to standards issued but not yet effective A number of new accounting standards are effective for annual A. Classification of Liabilities as Current or Non-Current Non-Current The amendments, as issued in 2020 and 2022, aim to clarify the requirements on determining whether a liability is current or non-current, non-current amendments B. Other accounting standards The following new and amended accounting standards are not expected to have a significant impact on the Group’s consolidated financial statements. • Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7) • Lease liability in a Sale and Leaseback (Amendments to IFRS 16) • Lack of Exchangeability (Amendments to IAS 21) • Sale or Contribution of Assets between an investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28) 5.16 New standards and Amendments There are a number of new or amended standards are mandatorily effective for an accounting period that began after January 1, 2023. Their adoption has not had any impact on the disclosures or on the amounts reported in these consolidated financial statements. A. Disclosure of accounting policies – Amendment to IAS 1 and IFRS Practice Statement 2 The IASB amended IAS 1 Presentation of Financial Statements to require entities to disclose their material rather than their significant accounting policies. The amendments define what is ‘material accounting policy information’ (being information that, when considered together with other information included in an entity’s financial statements, can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements) and explain how to identify when accounting policy information is material. They further clarify that immaterial accounting policy information does not need to be disclosed. If it is disclosed, it should not obscure material accounting information. To support this amendment, the IASB also amended IFRS Practice Statement 2 Making Materiality Judgements to provide guidance on how to apply the concept of materiality to accounting policy disclosures. B. Definition of Accounting Estimates – Amendments to IAS 8 The amendment to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors clarifies how companies should distinguish changes in accounting policies from changes in accounting estimates. The distinction is important, because changes in accounting estimates are applied prospectively to future transactions and other future events, whereas changes in accounting policies are generally applied retrospectively to past transactions and other past events as well as the current period. C. Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to IAS 12 The amendments to IAS 12 Income Taxes require companies to recognize deferred tax on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences, and will require the recognition of additional deferred tax assets and liabilities. The amendment should be applied to transactions that occur on or after the beginning of the earliest comparative period presented. In addition, entities should recognise deferred tax assets (to the extent that it is probable that they can be utilised) and deferred tax liabilities at the beginning of the earliest comparative period for all deductible and taxable temporary differences associated with: • right-of-use • decommissioning, restoration and similar liabilities, and the corresponding amounts recognised as part of the cost of the related assets. The cumulative effect of recognising these adjustments is recognised in the opening balance of retained earnings, or another component of equity, as appropriate. IAS 12 did not previously address how to account for the tax effects of on balance sheet leases and similar transactions and various approaches were considered acceptable. Some entities may have already accounted for such transactions consistent with the new requirements. These entities will not be affected by the amendments. D. OECD Pillar Two Rules In December 2021, the Organisation for Economic Co-operation top-up In May 2023, the IASB made narrow-scope amendments to IAS 12 which provide a temporary relief from the requirement to recognise and disclose deferred taxes arising from enacted or substantively enacted tax law that implements the Pillar Two model rules, including tax law that implements |
Use of Judgments and Estimates
Use of Judgments and Estimates | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of changes in accounting estimates [line items] | ||
Use of judgments and estimates | 1.5 Critical Accounting Estimates and Judgments Prior to January 1, 2021, no stand-alone financial statements for the Company had been prepared and accordingly, the Company adopted IFRS for its financial statements for the years ended December 31, 2021 and 2022 effective on January 1, 2021, applying all standards that were in effect as of that date (“the Adoption”). Accordingly, no reconciliations of opening equity or total comprehensive income was required. The Company has prepared financial statements that comply with IFRS applicable as of December 31, 2023, together with the comparative period data for the years ended December 31, 2022 and December 31, 2021, as described in the summary of significant accounting policies. In preparing the financial statements, the Company’s opening statement of financial position was prepared as of January 1, 2021, the Company’s date of adoption of IFRS. In the preparation of these financial statements, Management used judgments and estimates that affect the application of accounting policies of the Company, and the reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. Estimates and assumptions are reviewed on a continuous basis. Changes in estimates are recognized on a prospective basis. a. Judgments The judgments which significantly impact the amounts recognized in the consolidated financial statements relate to: • Determining the useful life of intangible assets: the determination of useful lives requires estimates of expected future benefits. Note 1.11 and 1.12 • Determining the fair value of intangible assets as a result of business combinations. Notes 2 and 18 b. Uncertainties resulting from assumptions and estimates The main estimates related to the financial statements refer to: • Impairment test of intangible assets and goodwill: assumptions involved in determining the recoverable values—Note 11 • Provision for tax, civil and labor risks: assumptions regarding the likelihood and magnitude of the outflows of funds – Note 16 • Recognition of deferred tax assets: availability of future taxable profit against which deductible temporary differences and tax losses carried forward can be utilized—Note 1.20 and Note 9 | |
Boa Vista Servicos S A [member] | ||
Disclosure of changes in accounting estimates [line items] | ||
Use of judgments and estimates | 3 Use of judgments and estimates In the preparation of these consolidated financial statements, Management used judgments and estimates that affect the application of accounting policies of the Group, and the reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. Estimates and assumptions are reviewed on a continuous basis. Reviews of estimates are recognized on a prospective basis. a) Judgments The judgments which significantly impact the amounts recognized in the consolidated financial statements relate to: Determining the useful life of property and equipment and intangible assets: the determination of useful lives requires estimates of expected future benefits. - Notes 5.13 and 5.5. b) Uncertainties resulting from assumptions and estimates The main estimates related to the consolidated financial statements refer to: • Credit risk assessment to determine the impairment of accounts receivable: score - the internal rating calculated by the Group that assigns a probability of recovery to the customer and its accounts receivable - Notes 5.3 and 7. • Impairment test of property and equipment, intangible assets and goodwill: assumptions involved in determining the recoverable values - Notes 5.6, 11 and 12. • Provision for tax, civil and labor risks: assumptions regarding the likelihood and magnitude of the outflows of funds - Notes 5.10 and 22. • Recognition of deferred tax assets: availability of future taxable profit against which deductible temporary differences and tax losses carried forward can be utilized - Notes 5.11 and 24. • Assets held for sale: key assumptions regarding the determination of fair value less costs to sell of assets held for sale based on significant unobservable data - Notes 5.14 and 30. (i) Fair value measurement Certain of the Group’s accounting policies and disclosures require the measurement of fair value, for financial and non-financial When measuring the fair value of an asset or liability, the Group uses observable data as much as possible. Fair values are classified at different levels according to hierarchy based on information (inputs) used in valuation techniques, as follows: Level 1: Level 2: Level 3: (non-observable Additional information on the assumptions adopted in the measurement of fair values is included in Note 28 - Financial income (expenses) and Note 31 – Employee benefits. |
Cash and Cash Equivalents
Cash and Cash Equivalents | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Cash And Cash Equivalents [Line Items] | ||
Cash and cash equivalents | NOTE 7 Cash and cash equivalents As of December 31, 2023 and December 31, 2022, cash and cash equivalents were comprised as follows: (In thousands) December 31, 2023 December 31, 2022 Cash R$ 11 R$ — Bank balances 10,885 3,541 Deposits (*) 153,199 — Total R$ 164,095 R$ 3,541 * Represent investments in Bank Deposit Certificates -CDB, and third-party commitments, with remuneration linked to the Interbank Deposit Certificate -CDI, on December 31, 2023 with an average yield of 94.74% of the CDI, without risk of significant change in value and with immediate liquidity, which are maintained for the purpose of meeting short-term cash commitments related to new business initiatives and acquisitions and early amortization of financial liabilities. | |
Boa Vista Servicos S A [member] | ||
Cash And Cash Equivalents [Line Items] | ||
Cash and cash equivalents | 6 Cash and cash equivalents As of August 7, 2023 and December 31, 2022, cash and cash equivalents were comprised as follows: August 7, December 31, 2023 2022 Cash 11 11 Bank balances 7,155 253 Deposits (*) 1,167,823 1,382,004 Total 1,174,989 1,382,268 (*) Represent investments in Bank Deposit Certificates – CDB, with remuneration linked to the Interbank Deposit Certificate – CDI, as of August 7, 2023 and December 31, 2022 with an average yield of 103.05% of CDI (December 31, 2022 – 102.88% of CDI), with no risk of significant change in value and immediate liquidity, that are held for the purpose of meeting short-term cash commitments related to new business initiatives, acquisitions and other obligations arising from current liabilities. |
Trade Receivables, Net
Trade Receivables, Net | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Trade Receivables Net [Line Items] | ||
Trade Receivables, net | NOTE 8 Trade Receivables, net Trade receivables, net as of December 31, 2023 are comprised as follows: (In thousands) December 31, 2023 Customer receivables for services provided R$ 135,998 Expected credit losses (1,566 ) Total R$ 134,432 Current R$ 129,312 Non-current(*) 5,120 Total R$ 134,432 (*) Mainly refers to the information supply contract signed in November 2019. The negotiated payment term was to receive the consideration in seven annual installments and seventy-two Changes in the expected credit losses were as follows: (In thousands) December 31, 2023 Beginning of the year R$ — Acquisition 1,858 Net remeasurement of loss allowances (292 ) End of the year R$ 1,566 | |
Boa Vista Servicos S A [member] | ||
Trade Receivables Net [Line Items] | ||
Trade Receivables, net | 7 Accounts receivable Accounts receivable as of August 7, 2023 and December 31, 2022 are comprised as follows: August 7, December 31, 2023 2022 Customer receivables for services provided 133,158 143,542 Expected credit losses (4,035 ) (2,195 ) Total 129,123 141,347 Current 123,093 132,989 Non-current (*) 6,030 8,358 Total 129,123 141,347 (*) The non-current seventy-two The breakdown of accounts receivable by maturity date and the analysis of loss allowance are presented in the table below: August 7, 2023 December 31, 2022 Average Average Credit rate of Gross rate of Gross recovery Aging of expected carrying Loss expected carrying Loss Default score receivables loss (*) amount allowance loss (*) amount allowance Falling due 0.36 % 124,977 456 0.26 % 128,241 333 Customers Overdue 1-30 days 5.39 % 3,560 192 5.03 % 4,054 204 past due up to 90 days High/low score Overdue 31-60 days 23.13 % 947 219 15.79 % 994 157 Overdue 61-90 75.35 % 354 267 25.52 % 290 74 Overdue for High score 89.32 % 2,973 2,656 10.74 % 9,553 1,026 more than 90 days Low score 70.71 % 346 245 97.80 % 410 401 Total 133,158 4,035 143,542 2,195 (*) The calculation methodology of the provision for expected credit losses is described in Note 30 (iii) Changes in the loss allowance were as follows: January 1, 2023 to January 1, 2022 to August 7, 2023 December 31, 2022 Beginning of the period 2,195 3,281 Amounts written off (1,637 ) (1,880 ) Net remeasurement of loss allowance 3,477 815 Transfer to assets held for sale — (21 ) End of the period/year 4,035 2,195 |
Recoverable Taxes
Recoverable Taxes | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Recoverable Taxes [Line Items] | |
Recoverable Taxes | 8 Recoverable taxes (a) Current tax assets - Income tax and social contribution August 7, December 31, 2023 2022 Income tax recoverable 44,911 38,936 Social contribution recoverable 13,443 16,600 Total 58,354 55,536 Current 58,354 55,536 Non-current — — (b) Other tax assets August 7, December 31, 2023 2022 Social integration program (i) 284 272 Withholding tax 18,912 14,931 Other 367 1,144 Total 19,563 16,347 Current 19,310 15,936 Non-current 253 411 (i) Refers to Social Integration Program (PIS) and Social Contribution on Revenues (COFINS). |
Indemnification Asset
Indemnification Asset | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Indemnification Asset [Line Items] | |
Indemnification Asset | 9 Indemnification asset The indemnification asset corresponds to the retained portion of the consideration provided for in the Acordo Certo purchase and sale agreement in 2020. The retained amounts serve as a guarantee for possible contingencies if they result in cash outflows. On May 26, 2023, there was a retention of R$15,000 deposited in an escrow account. The adjustment to fair value in the period was an increase of R$214. If the contingencies do not result in cash outflows, the retained amounts will be paid to the selling shareholders of Acordo Certo. |
Taxation
Taxation | 12 Months Ended |
Dec. 31, 2023 | |
Major components of tax expense (income) [abstract] | |
Taxation | NOTE 9 Taxation Income tax and social contribution (In thousands) December 31, 2023 Income tax recoverable R$ 59,560 Social contribution recoverable 3,362 Total R$ 62,922 Current R$ 62,922 Non-current — Other tax assets (In thousands) December 31, Social integration program(i) R$ 272 Withholding tax 217 Other 340 Total R$ 829 Current R$ 690 Non-current 139 (i) Refers to Social Integration Program (PIS) and Social Contribution on Revenues (COFINS). Taxes payable At December 31, 2023 and December 31, 2022, taxes payable are comprised as follows: (In thousands) December 31, 2023 December 31, 2022 Taxes payable R$ 62,075 R$ 5,350 Current R$ 9,709 R$ — Non-current 52,366 5,350 Current December 31, 2023 December 31, 2022 PIS and COFINS payable R$ 3,122 R$ — Withholding income tax (IRRF) 4,838 — Service tax (ISS) payable 1,668 — Other taxes payable 81 — Subtotal R$ 9,709 R$ — Non-current December 31, 2023 December 31, 2022 INSS on Severance pay (i) R$ 8,719 R$ — ISS - PIS and COFINS basis (ii) 19,578 — Deductibility - SEBRAE/INCRA and FNDE (iii) 19,604 — Other 4,465 5,350 Subtotal(*) R$ 52,366 R$ 5,350 Total taxes payable 62,075 5,350 (*) The Company is part of lawsuits to dispute the payment of certain taxes as follows: (i) INSS on Severance pay In June 2017, the Company filed a lawsuit to (1) obtain the recognition of the non-levy (a) one-third (ii) ISS - PIS and COFINS basis Writ of mandamus filed by the Company seeking the recognition of the right to exclude from the PIS and COFINS tax bases, the value corresponding to ISS due by the Company, suspending such tax liability, given that on ISS installments there should be no levy of social contributions that are calculated on the basis of a company’s billings, as ISS taxes are not part of a Company’s billings or gross revenues, since the Company only collects such amounts and makes the tax payments. (iii) Deductibility - SEBRAE/INCRA and FNDE These taxes payables are based on the understanding of the Supreme Court, that these contributions to SEBRAE/INCRA and FNDE are constitutional. Past proceedings have been discontinued and a writ of mandamus filed seeking the recognition of the unconstitutionality of the Contributions to the (i) National Institute for Colonization and Agrarian Reform (Instituto Nacional de Colonização e Reforma Agrária -INCRA); (ii) the Brazilian Small and Medium Enterprises Support Service (Serviço Brasileiro de Apoio às Micro e Pequenas Empresas - SEBRAE); and (iii) the National Education Development Fund (Fundo Nacional de Desenvolvimento da Educação - FNDE) (educational allowance), given the restrictions for calculation over payroll, due to express prohibition of the text of the Federal Constitution, changed by Constitutional Amendment No. 33/2001. Income Taxes a. Amounts recognized in profit or loss for the year (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Current Income tax expense (benefit) R$ 36,065 R$ 2,706 R$ (275 ) Deferred Income tax expense (benefit) (122,748 ) 22,681 (119,706 ) Total income tax expense (benefit) R$ (86,683 ) R$ 25,387 R$ (119,981 ) b. Tax expense reconciliation (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Profit (loss) before income tax R$ 131,150 R$ 77,415 R$ (349,945 ) Nominal rates 34.0 % 34.0 % 34.0 % Income tax expense (benefit) at nominal rates R$ 44,591 R$ 26,321 R$ (118,981 ) Permanent (additions) exclusions: Deferred utilization R$ (2,119 ) R$ (960 ) R$ — Nondeductible interest expense 2,931 410 — Tax reserve 145 144 (491 ) Non-taxable — (118 ) — Share of net loss of joint venture 2,348 — — Other non-deductible 1,268 — — Labor incentives (2,677 ) — — Goodwill amortization Konduto 572 — — Non-taxable — (383 ) (527 ) Other (90 ) (27 ) 18 Total income tax before discrete R$ 46,969 25,387 (119,981 ) Total effective tax rate before discrete 35.8 % 32.8 % 34.3 % Discrete for BVS DTL write-off (133,652 ) — — Total income tax (benefit) expense after discrete R$ (86,683 ) 25,387 (119,981 ) Total effective tax rate after discrete -66.1 % 32.8 % 34.3 % c. Changes in balances of deferred tax assets (DTA) and deferred tax liabilities (DTL) Balance at Recognized in profit or loss Balance at (In thousands) December 31, 2022 Additions Acquisitions Write-offs December 31, 2023 BVS acquisition R$ — 1,446 404,176 — 405,622 Outside basis difference on investment in BVS 120,691 12,961 — (133,652 ) — Deferred income tax liabilities R$ 120,691 14,407 404,176 (133,652 ) 405,622 BVS acquisition R$ — — 30,626 — 30,626 BVS temporary differences — 3,503 — — 3,503 Deferred income tax assets R$ — 3,503 30,626 — 34,129 Balance at Recognized in profit or loss Balance at (In thousands) December 31, 2021 Additions Write-offs December 31, 2022 Outside basis difference on investment in BVS 98,009 22,682 — 120,691 Deferred income tax liabilities R$ 98,009 22,682 — 120,691 The amount of unused tax losses and other DTA’s for which no DTA’s are recognized in the balance sheet as of December 31, 2023, December 31, 2022, and December 31, 2021, was R$ 16,697, R$ 18,816, and R$ 19,775 respectively. Dividends from a Brazil company to its shareholders are not subject to dividend withholding tax. There are no potential income tax consequences on the payment of dividends from the Company to its shareholders. Changes in tax liabilities subject to legal proceedings: (In thousands) INSS on Severance pay ISS - PIS and COFINS basis Deductibility - SEBRAE/INCRA and FNDE Total As of December 31, 2022 R$ — R$ — R$ — R$ — Acquisition 7,843 18,220 19,368 45,431 Principal additions 549 670 — 1,219 Interest additions 327 688 236 1,251 As of December 31, 2023 R$ 8,719 19,578 R$ 19,604 R$ 47,901 |
Interest in Joint Venture
Interest in Joint Venture | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of joint ventures [line items] | ||
Interest in Joint Venture | NOTE 10 Interest in joint venture Refers to an investment with RV Marketing, LLC and RV Technology, LLC (together, “RV”) to form a joint venture with the objective of developing and operating a marketplace for credit, financial services for consumers, among others, through the creation of Consumidor Positivo Participações S.A. (formerly known as BVRV Participações S.A.). As of December 31, 2023, the ownership interest (i) of the Company was 55% of the total capital, being 50% of the voting shares and 100% of the preferred shares, and (ii) of RV was 45% of the total capital, equivalent to 50% of the voting shares. The shareholders’ agreement establishes that the Company and RV work together in the day-to-day As of December 31, 2023, the interest in joint venture is composed as follows: December 31, 2023 (In thousands) % of ownership interest Interest in joint venture Share of loss for the period In joint controlling interest: Consumidor Positivo Participações S.A. 55 % R$ 184,011 (6,378 ) Total R$ 184,011 (6,378 ) Summarized financial information for joint venture The following table illustrates the summarized financial information of the Company’s interest in Consumidor Positivo Participações S.A.: (In thousands) December 31, 2023 Non-current R$ 331,934 Current assets (including cash and cash equivalents – R$ 441) 35,550 Current liabilities (including current financial liabilities excluding trade and other payables and provisions – R$ 0) (7 ) Net assets (100%) 367,477 Carrying amount of interest in joint venture 184,011 Loss and total comprehensive loss (11,596 ) Company’s share of total comprehensive loss R$ (6,378 ) | |
Boa Vista Servicos S A [member] | ||
Disclosure of joint ventures [line items] | ||
Interest in Joint Venture | 10 Interest in joint venture As of August 7, 2023, the interest in joint venture is composed as follows: August 7, 2023 December 31, 2022 % of Interest in Share of loss Interest in Share of ownership joint for the joint profit for interest venture period venture the period Interest in joint venture: BVRV Participações S.A. 55 % 179,260 (3,010 ) — — Total 179,260 (3,010 ) — — The fair values of the identifiable assets and liabilities assumed of BVRV relating to the Company’s interest and the goodwill generated on the contribution of assets to BVRV on April 20, 2023 are presented below: Fair value of the assets and liabilities contributed Other Assets and Liabilities 46,182 Relationship with customers 11,541 Trademark 15,920 Non-compete 2,949 Internally developed software 18,918 Total assets and liabilities contributed in BVRV at fair value 95,510 Goodwill 86,760 Consideration transferred 182,270 (a) Summarized financial information for joint venture The following table illustrates the summarized financial information of the Group’s interest in BVRV Participações S.A. as at the reporting date: August 7, Non-current 346,114 Current assets (including cash and cash equivalents – R$ 495) 8,235 Current liabilities (including current financial liabilities excluding trade and other payables and provisions R$ 0) 67 Net assets (100%) 354,282 Group’s share of net assets (*) 179,260 Carrying amount of interest in joint venture 179,260 Loss and total comprehensive loss (100%) (5,473 ) Loss and total comprehensive loss (55%) (3,010 ) Group’s share of total comprehensive income (3,010 ) (*) Relates to: i) 50% of contribution of assets to the formation of BVRV (R$ 182,270), plus ii) 55% of share of net loss of joint venture accounted for using the equity method from April 20, 2023 to August 7, 2023 (R$3,010). |
Property and Equipment
Property and Equipment | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Property and Equipment | 11 Property and equipmen t Changes in property and equipment are as follows: Leasehold Machinery and Furniture IT Right-of-use Total property improvements equipment Facilities and fixtures equipment of real estate and equipment Cost At January 1, 2022 5,556 822 557 1,434 17,449 24,051 49,869 Additions — 381 — 5 75 832 1,293 Transfers to assets held for sale (449 ) (12 ) (148 ) (409 ) (1,286 ) (993 ) (3,297 ) Disposals (830 ) (3 ) (2 ) (54 ) (370 ) (3,721 ) (4,980 ) At December 31, 2022 4,277 1,188 407 976 15,868 20,169 42,885 Additions — 79 — 5 5,329 — 5,413 Disposals — — (19 ) (65 ) (5,764 ) — (5,848 ) At August 7, 2023 4,277 1,267 388 916 15,433 20,169 42,450 Depreciation At January1, 2022 (2,156 ) (447 ) (225 ) (712 ) (8,234 ) (10,993 ) (22,767 ) Depreciation (702 ) (66 ) (52 ) (141 ) (3,031 ) (3,126 ) (7,118 ) Transfers to assets held for sale 358 — 40 162 429 890 1,879 At December 31, 2022 (2,500 ) (513 ) (237 ) (691 ) (10,836 ) (13,229 ) (28,006 ) Depreciation (281 ) (66 ) (5 ) (61 ) (1,562 ) (1,338 ) (3,314 ) Disposals — — 19 48 4,291 — 4,358 At August 7, 2023 (2,781 ) (579 ) (223 ) (704 ) (8,107 ) (14,567 ) (26,962 ) Carrying amounts At December 31, 2022 1,777 675 170 285 5,032 6,940 14,879 At August 7, 2023 1,496 688 165 212 7,326 5,602 15,488 |
Intangible Assets
Intangible Assets | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of detailed information about intangible assets [line items] | ||
Intangible Assets | NOTE 11 Intangible assets Changes in intangible assets and goodwill are as follows: (In thousands) Database (a) Trademarks Software Goodwill Customer portfolio Non-compete Internally Intangible assets Total At December 31, 2022 — — — — — — — — — Acquisition 314,774 23,508 — 1,994,493 844,346 — — — R$ 3,177,121 Additions 46,638 — 22,935 — — 216,141 19,380 5,413 310,507 Amortization (23,995 ) (4,053 ) (1,561 ) — (35,181 ) (5,695 ) (1,744 ) — (72,229 ) Transfers and other — — — 14,526 — — 129 (129 ) 14,526 At December 31, 2023 337,417 19,455 21,374 2,009,019 809,165 210,446 17,765 5,284 R$ 3,429,925 (a) Acquisitions of information to develop databases used in the services provided by the Company, which are amortized over five (b) In 2023, the Company and Associação Comercial de São Paulo (“ACSP”) entered into a non-compete (c) Refers to products developed through multidisciplinary teams for product development. Research expenditure and development expenditure that do not meet the criteria to be capitalized are recognized as expensed as incurred. (d) Refers to capitalized costs for internally developed products that are still in process at period end. Costs previously recognized as expense are not included. The fair value calculation performed on the acquired intangible assets associated with the BVS transaction materially reflect the fair value presented as of December 31, 2023. As at the reporting date, there was no indication of impairment for any intangible asset. | |
Boa Vista Servicos S.A [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Intangible Assets | 12 Intangible assets Changes in intangible assets and goodwill are as follows: Relationship with customers and non- Trademarks, Goodwill on compete agreements Internally rights and business identified in business developed Intangible assets Database (a) others Software combinations (b) combination products (c) in progress (d) Total Cost At January 1, 2022 884,375 32,228 276,740 273,885 28,383 73,738 20,956 1,590,305 Additions 122,144 — 50,659 — — 64,080 23,296 260,179 Transfers to assets held for sale — (32,228 ) (99,395 ) (7,836 ) — (16,199 ) (9,446 ) (165,104 ) Disposals — — (8,848 ) — — — (287 ) (9,135 ) Transfers — — 567 — — 26,590 (27,157 ) — At December 31, 2022 1,006,519 — 219,723 266,049 28,383 148,209 7,362 1,676,245 Additions 72,967 — 27,157 — — 37,807 5,517 143,448 Transfers — — 5,997 — — (4,880 ) (1,117 ) — At August 7, 2023 1,079,486 — 252,877 266,049 28,383 181,136 11,762 1,819,693 Amortization and impairment loss At January 1, 2022 (563,927 ) (1,976 ) (74,951 ) (7,836 ) (27,312 ) (13,377 ) — (689,379 ) Amortization/Impairment (129,419 ) — (42,118 ) — (172 ) (21,518 ) — (193,227 ) Transfers to assets held for sale — 1,976 55 7,836 — 2,036 — 11,903 Disposals — 7,677 — — — — 7,677 At December 31, 2022 (693,346 ) — (109,337 ) — (27,484 ) (32,859 ) — (863,026 ) Amortization (72,835 ) — (19,640 ) — (76 ) (19,481 ) — (112,032 ) At August 7, 2023 (766,181 ) — (128,977 ) — (27,560 ) (52,340 ) — (975,058 ) Carrying amounts At December 31, 2022 313,173 — 110,386 266,049 899 115,350 7,362 813,219 At August 7, 2023 313,305 — 123,900 266,049 823 128,796 11,762 844,635 (a) Refers to acquisitions of information to increment and develop databases used in the consultations of the services provided by the Group, which are capitalized over five years to the Company and ten years for the subsidiaries (the period of use of the information). (b) Goodwill acquired has been allocated to the following cash generating units as of August 7, 2023 and December 31, 2022; Equifax, R$110,182 and Konduto R$155,867, respectively. (c) Refers to products developed through Squads (multidisciplinary teams) for product development. Research expenditure and development expenditure that do not meet the criteria to be capitalized are recognized as expense as incurred. (d) Development costs previously recognized as expense are not recognized as an asset in a subsequent period. The amount recognized as expense was R$7,635 in the period from January 1, 2023 to August 7, 2023 (R$16,943 - 2022). Impairment testing for CGUs containing goodwill and indefinite-live intangible assets As at the reporting date, there was no indication of impairment. As of December 31, 2022, the impairment tests of the goodwill based on expected future profitability and intangible assets with indefinite useful life acquired through business combination were conducted by Cash Generating Units (CGUs), as described below: CGU Boa Vista: In 2022 the Group tested CGU Boa Vista for impairment of the goodwill generated through the acquisition of spin-off CGU Konduto: The Group tested CGU Konduto for impairment of the goodwill generated through the acquisition of Konduto InterData Technology S.A. in 2022. The recoverable amount was estimated based on its value in use. The recoverable amount of the CGU was estimated to be higher than its carrying amount and no impairment was required. The key assumptions used in the estimation of the recoverable amount are set out below. The values assigned to the key assumptions represent management’s assessment of future trends in the relevant industries and have been based on historical data from both external and internal sources. Considering the early stage of the acquired company’s operations and its business growth profile, the discounted cash flow projections included specific estimates for ten years and a terminal growth rate thereafter for which management believes these projections are reliable. The projections are based on the approved budget that takes into consideration historical information adjusted to reflect events in place at the date of the test. The terminal growth rate was determined based on management’s understanding of the industry’s development trends. The Company has considered and assessed reasonably possible changes for the key assumptions and has not identified any instances that could cause the carrying amount of the Boa Vista CGU and Konduto CGU to exceed its recoverable amount. 2022 BoaVista Konduto Revenue (% annual growth rate) 3.80 % 16.90 % Budgeted gross margin (%) 90.90 % 73.40 % Annual capital expenditure (in R$ thousands) 166,438 6,704 Long-term growth rate (%) 3.15 % 3.20 % Pre-tax 15.40 % 17.60 % |
Assets and Liabilities Held for
Assets and Liabilities Held for Sale | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Disclosure Of Assets And Liabilities Held For Sale [Line Items] | |
Assets and Liabilities Held for Sale | 13 Assets and liabilities held for sale At December 31, 2022, the group of assets and liabilities held for sale was measured at their carrying amount, since the fair value less costs to sell was higher. On April 20, 2023, the Company closed the transaction of contributing such assets and liabilities for the formation of a joint venture. See Note 1 b) and 10 for further information. The carrying amounts of the assets and liabilities transferred to the joint venture which resulted in a loss of control were as follows: Note Amount Current assets Cash and cash equivalents 1,872 Accounts receivable 6,446 Prepaid expenses 1,169 Income tax and social contribution 60 Other recoverable taxes 893 Other assets 20 Total current assets 10,460 Non-current Deferred tax asset – income tax and social contribution 24 d) 2,762 Property and equipment 11 1,731 Intangible assets 12 153,517 Total non-current 158,010 Assets held for sale 168,470 Current liabilities Accounts payable to suppliers 941 Lease liability 15 b) 22 Labor obligations, vacation and social charges 2,696 Accounts payable - Related parties 821 Taxes and contributions payable 903 Other accounts payable 1,782 Total current liabilities 7,165 Non-current Provisions 15,107 Total non-current 15,107 Liabilities held for sale 22,272 The non-recurring The derecognition of the carrying amounts of the assets and liabilities relating to this subsidiary in the net amount of R$146,198 occurred due to contribution of these assets into the joint venture as described in Note 10. The difference of R$36,072 between these carrying amounts and the fair value of the subsidiary contributed to BVRV of R$182,270 was recognized as a gain in profit or loss within other income, the portion of that gain or loss attributable to measuring any investment retained in the former subsidiary at its fair value at the date when control is lost. |
Trade Payables to Suppliers
Trade Payables to Suppliers | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Common [Line Items] | ||
Trade Payables to Suppliers | NOTE 12 Trade Payables to suppliers The accounts payable to suppliers as of December 31, 2023, in the amount of R$ 55,949, arise from the purchase of services as part of the normal activities of the Company (e.g., acquisition of goods, mailing services, maintenance of software and hardware and sundry consulting services, among others). Accounts payable to suppliers are financial liabilities classified as amortized cost. | |
Boa Vista Servicos S A [member] | ||
Common [Line Items] | ||
Trade Payables to Suppliers | 14 Accounts payable to suppliers The accounts payable to suppliers as of August 7, 2023, in the amount of R$53.130 (R$50.994 as of December 31, 2022), arise from the purchase of services as part of the normal activities of the Group, e.g., acquisition of goods, mailing services, maintenance of software and hardware and sundry consulting services, among others. Accounts payable to suppliers are financial liabilities classified as amortized cost. |
Bank Loans and Borrowings and L
Bank Loans and Borrowings and Lease Liability | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Disclosure Of Bank Loans And Borrowings And Lease Liability [Line Items] | |
Bank loans and borrowings and lease liability | 15 Bank loans and borrowings and lease liability The balances of bank loans and borrowings and lease liability at August 7, 2023 and December 31, 2022 are comprised as follows: August 7, December 31, 2023 2022 Bank loans and borrowings (i) — — Lease liability (ii) 8,150 9,825 8,150 9,825 Current 3,712 3,254 Non-current 4,438 6,571 (i) Bank loans and borrowings Changes in bank loans and borrowings are as follows: January 1, 2022 to December 31, 2022 Beginning of the period 2,788 Payment of bank loans and borrowings (2,862 ) Interest paid (113 ) Interest expense 57 Transaction costs related to bank loans and borrowings 130 End of the period — (ii) Lease liability Annual Interest August 7, December 31, Transactions rate 2023 2022 Leasing - exclusive right of use (1) IGP-M (3) 1,100 1,561 Leasing - Headquarters office contract (2) IGP-M + 3.70 % 7,050 8,264 Total 8,150 9,825 Current 3,712 3,254 Non-current 4,438 6,571 (1) Refers to the right to exclusive use of software. (2) Refers to the rental of the properties related to the headquarters of the Group, in which a right-of-use (3) Inflation as measured by the General Market Price index (IGP-M) At August 7, 2023, the balance of Leases, in non-current August 7, December 31, Maturity 2023 2022 2024 2,350 3,365 2025 2,088 1,961 2026 — 1,245 Total 4,438 6,571 Changes in lease liability are as follows: January 1, 2023 to January 31, 2022 Beginning of the period 9,825 20,278 Additions — 2,625 Payment of lease liabilities (2,377 ) (7,463 ) Interest expense 702 2,036 Termination of lease (1) — (7,541 ) Reclassification to held for sale — (110 ) End of the period 8,150 9,825 (1) On October 31, 2022, the Group discontinued the use of the 12 th th |
Debentures
Debentures | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Disclosure Of Detailed Information About Debentures [Line Items] | |
Debentures | 16 Debentures At August 7, 2023 and December 31, 2022, the Group had no outstanding debentures. Changes in liabilities were as follows: January 1, 2022 to January 1, 2021 to December 31, 2022 December 31, 2021 Beginning of the period 63,868 126,274 Payment of debentures (63,334 ) (63,333 ) Interest paid (4,511 ) (3,136 ) Interest expense 3,165 3,088 Transaction costs related to debentures 812 975 End of the period — 63,868 Debentures are financial liabilities classified as amortized cost. |
Labor Obligations
Labor Obligations | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Labor Obligation [Line Items] | ||
Labor obligations | NOTE 13 Labor obligations Labor obligations at December 31, 2023 and December 31, 2022 are presented below: (In thousands) December 31, 2023 December 31, 2022 Provision for vacation and charges R$ 12,534 R$ — Profit sharing program (PPR) 16,937 — Provision for 13th month salaries and charges 20 — Social charges 5,021 — Retention plan 18,732 — Others 766 34 Total R$ 54,010 R$ 34 Current 46,941 34 Non-current 7,069 — | |
Boa Vista Servicos S.A [member] | ||
Labor Obligation [Line Items] | ||
Labor obligations | 17 Labor obligations, vacation and social charges Labor obligations, vacation and social charges at August 7, 2023 and December 31, 2022 are presented below: August 7, December 31, 2023 2022 Compensation for post-combination services - Acordo Certo key employees (i) — 82,771 Provision for vacation and charges 16,789 12,896 Profit sharing program (PPR) 15,001 30,332 Provision for 13th salaries and charges 7,748 — Social charges 6,786 5,001 Retention plan 8,963 — Others 1,555 901 Total 56,842 131,901 Current 56,842 131,901 Non-current — — (i) The agreement to purchase the shares of Acordo Certo also required the Group to pay additional contingent amounts to former shareholders of Acordo Certo. The amount, paid in 2023, was based on the Adjusted Net Revenue of Acordo Certo in 2022, with a specified minimum amount and subject to the continued employment of these shareholders with Acordo Certo until December 31, 2022. Adjusted Net Revenue is defined in the purchase agreement as the net revenue of Acordo Certo less (i) costs of contact with customers via digital platforms, (ii) advertising and marketing costs and (iii) net revenue from channels and/or platforms of products and services to the Company’s consumers. |
Related Parties
Related Parties | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of transactions between related parties [line items] | ||
Related Parties | NOTE 14 Related parties No outstanding balances with related parties have guarantees. No expense has been recognized in the years ended December 31, 2023, 2022 or 2021 for non-collectible a. Management remuneration In the years ended December 31, 2023, 2022 and 2021, wages and salary costs were allocated to the Company from Equifax, Inc. The allocated amount presented in Other reserves was R$ 169 for the year ended December 31, 2023, R$ 19 for the year ended December 31, 2022, and R$ 10 for the year ended December 31, 2021. b. Preferred shares In the year ended December 31, 2023, interest incurred on preferred shares (Note 17) held by Equifax, Inc., a related party, were recorded. The amount of intercompany interest presented in Financial expenses was R$ 3,455 for the year ended December 31, 2023 and R$ 877 for the year ended December 31, 2022. There was no intercompany interest for the year ended December 31, 2021. c. Acordo Certo Ltda. In the year ended December 31, 2023, the Company had certain cost sharing practices with Acordo Certo Ltda. This resulted in a R$ 1,776 current asset and R$ 0 current liability as of December 31, 2023. d. Associação Comercial de São Paulo In the year ended December 31, 2023, the Company rendered data consulting services to the Associação Comercial de São Paulo. This resulted in R$ 1,411 of revenue in 2023. Additionally, ACSP is a minority shareholder of Equifax do Brasil. | |
Boa Vista Servicos S.A [member] | ||
Disclosure of transactions between related parties [line items] | ||
Related Parties | 18 Related parties Balances with related parties derive from transactions that were carried out at market prices with the Group’s shareholders related to rendering of services and cost-sharing. No expense has been recognized in the current year or prior year for bad or doubtful debts in respect of amounts owed by related parties. Current assets August 7, December 31, Related parties Nature 2023 2022 Associação Comercial de São Paulo (a) — 2 Acordo Certo Ltda. (b) 1,245 — Total 1,245 2 Current liabilities August 7, December 31, Related parties Nature 2023 2022 Acordo Certo Ltda. (b) 145 — Total 145 — Statements of profit or loss August 7, 2023 December 31, 2022 Costs and Costs and Company Nature Revenue expenses Revenue expenses Associação Comercial de São Paulo (a) 1,323 — 2,153 — (a) Relates to the rendering of data consultation services. (b) Refers to cost-sharing. Associação Comercial de São Paulo is a shareholder of the ultimate parent of the Company. Acordo Certo Ltda. is a subsidiary of the joint venture. 18.1 Key management personnel In the period ended August 7, 2023 and the year ended December 31, 2022, short-term benefits were paid to Directors and Board members, whose expense was presented in “General and administrative expenses”. Each year, at the Annual Shareholders’ Meeting, the total amount of the Directors’ fees and the remuneration of the Board members are established according to the Group’s Bylaws. August 7, December 31, 2023 2022 Annual fixed remuneration 7,769 9,744 Variable remuneration - Profit sharing program 5,122 3,419 Total remuneration 12,891 13,163 August 7, December 31, 2023 2022 Restricted shares plan 457 611 Total 457 611 Expenses related to the restricted shares referring to the Board members and Directors recorded in the consolidated statement of profit or loss and other comprehensive income. See Note 31 for further information. |
Payables for Business Combinati
Payables for Business Combinations | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of detailed information about business combination [line items] | ||
Payables for Business Combinations | NOTE 15 Payables for business combinations Prior to BVS being acquired by Equifax do Brasil, BVS had acquired two companies, Konduto and Acordo Certo. The roll forward below represents the remaining payables for those business combinations: (In thousands) Konduto Acordo Certo Total December 31, 2022 Acquisition R$ 10,020 1,278 R$ 11,298 Payments of Warrants (3,129 ) — (3,129 ) Unwinding of the time value of money 509 — 509 December 31, 2023 R$ 7,400 R$ 1,278 R$ 8,678 Current liabilities R$ 4,074 Noncurrent liabilities 4,604 R$ 8,678 At December 31, 2023 and December 31, 2022, the balance of non-current (In thousands) December 31, 2023 December 31, 2022 Maturity Acordo Certo Konduto Total Total 2025 168 1,408 1,576 — 2026 168 1,408 1,576 — 2027 — 1,452 1,452 — Total R$ 336 R$ 4,268 R$ 4,604 R$ — | |
Boa Vista Servicos S.A [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Payables for Business Combinations | 19 Payables for business combinations The roll forward of payables for business combinations is as follows: Konduto Acordo Certo (*) Total January 1, 2021 — 141,134 141,134 Konduto acquisition 1,192 — 1,192 Consideration transferred — (720 ) (720 ) Remeasurement of fair value (*) — (83,418 ) (83,418 ) Unwinding of the time value of money 470 — 470 January 1, 2022 1,662 56,996 58,658 Remeasurement of fair value (*) — 21,683 21,683 Unwinding of the time value of money 1,218 — 1,218 December 31, 2022 2,880 78,679 81,559 Payment — (84,780 ) (84,780 ) Reclassification of warrants 6,258 — 6,258 Unwinding of the time value of money 882 7,814 8,696 August 7, 2023 10,020 1,713 11,733 Current liabilities 7,538 Noncurrent liabilities 4,195 11,733 (*) The contingent consideration for Acordo Certo was based on the Adjusted Net Revenue of Acordo Certo in 2022, with a specified minimum amount and was remeasured to fair value at each reporting date based on the discounted cash flows, with changes in fair value recognized in profit or loss, until the payable is settled. In 2021, the performance and profitability of Acordo Certo was lower than expected, and the Group reduced its estimates of the expected Adjusted Net Revenue of Acordo Certo in 2022, which led to a reduction of R$ 83,418 in the fair value of the contingent consideration. In the period ended December 31, 2022, the fair value of the contingent consideration increased by R$21,683, considering the revised estimates of the expected Adjusted Net Revenue of Acordo Certo in 2022. The outstanding balance relates to amounts withheld by the Company as collateral for the obligation of the sellers to indemnify the Company in the event of losses deriving from uncertain events to be released to the seller between 2021 and 2026. At August 7, 2023 and December 31, 2022, the balance of non-current August 7, 2023 December 31, 2022 Maturity Acordo Certo Konduto Total Total 2024 100 — 100 100 2025 168 1,241 1,409 1,117 2026 168 1,241 1,409 1,117 2027 — 1,277 1,277 979 Total 436 3,759 4,195 3,313 |
Advances From Customers
Advances From Customers | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Advances From Customers [Line Items] | |
Advances From Customers | 20 Advances from customers Refers to the amounts paid in advance by customers for the future utilization of services over a certain period of time. Revenue from these contracts will be recognized as the use of products / services provided occurs. August 7, December 31, 2023 2022 Opening balance on January 1 — 2,232 Additions 10,150 17,979 Utilization (*) (6,921 ) (20,211 ) End balance of the period 3,229 — (*) Mainly related to the advance of the consideration received from customers to render decision services. At August 7, 2023 and December 31, 2022, the amount of advances from customers is R$3,229 and R$0, respectively, which will be recognized as revenue according to the use of services by the customers. The amount of R$6,921 were recognized as revenue in the period ended August 7, 2023 (R$20,211 in the year ended December 31, 2022). |
Taxes Payable
Taxes Payable | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||
Taxes Payable | NOTE 9 Taxation Income tax and social contribution (In thousands) December 31, 2023 Income tax recoverable R$ 59,560 Social contribution recoverable 3,362 Total R$ 62,922 Current R$ 62,922 Non-current — Other tax assets (In thousands) December 31, Social integration program(i) R$ 272 Withholding tax 217 Other 340 Total R$ 829 Current R$ 690 Non-current 139 (i) Refers to Social Integration Program (PIS) and Social Contribution on Revenues (COFINS). Taxes payable At December 31, 2023 and December 31, 2022, taxes payable are comprised as follows: (In thousands) December 31, 2023 December 31, 2022 Taxes payable R$ 62,075 R$ 5,350 Current R$ 9,709 R$ — Non-current 52,366 5,350 Current December 31, 2023 December 31, 2022 PIS and COFINS payable R$ 3,122 R$ — Withholding income tax (IRRF) 4,838 — Service tax (ISS) payable 1,668 — Other taxes payable 81 — Subtotal R$ 9,709 R$ — Non-current December 31, 2023 December 31, 2022 INSS on Severance pay (i) R$ 8,719 R$ — ISS - PIS and COFINS basis (ii) 19,578 — Deductibility - SEBRAE/INCRA and FNDE (iii) 19,604 — Other 4,465 5,350 Subtotal(*) R$ 52,366 R$ 5,350 Total taxes payable 62,075 5,350 (*) The Company is part of lawsuits to dispute the payment of certain taxes as follows: (i) INSS on Severance pay In June 2017, the Company filed a lawsuit to (1) obtain the recognition of the non-levy (a) one-third (ii) ISS - PIS and COFINS basis Writ of mandamus filed by the Company seeking the recognition of the right to exclude from the PIS and COFINS tax bases, the value corresponding to ISS due by the Company, suspending such tax liability, given that on ISS installments there should be no levy of social contributions that are calculated on the basis of a company’s billings, as ISS taxes are not part of a Company’s billings or gross revenues, since the Company only collects such amounts and makes the tax payments. (iii) Deductibility - SEBRAE/INCRA and FNDE These taxes payables are based on the understanding of the Supreme Court, that these contributions to SEBRAE/INCRA and FNDE are constitutional. Past proceedings have been discontinued and a writ of mandamus filed seeking the recognition of the unconstitutionality of the Contributions to the (i) National Institute for Colonization and Agrarian Reform (Instituto Nacional de Colonização e Reforma Agrária -INCRA); (ii) the Brazilian Small and Medium Enterprises Support Service (Serviço Brasileiro de Apoio às Micro e Pequenas Empresas - SEBRAE); and (iii) the National Education Development Fund (Fundo Nacional de Desenvolvimento da Educação - FNDE) (educational allowance), given the restrictions for calculation over payroll, due to express prohibition of the text of the Federal Constitution, changed by Constitutional Amendment No. 33/2001. Income Taxes a. Amounts recognized in profit or loss for the year (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Current Income tax expense (benefit) R$ 36,065 R$ 2,706 R$ (275 ) Deferred Income tax expense (benefit) (122,748 ) 22,681 (119,706 ) Total income tax expense (benefit) R$ (86,683 ) R$ 25,387 R$ (119,981 ) b. Tax expense reconciliation (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Profit (loss) before income tax R$ 131,150 R$ 77,415 R$ (349,945 ) Nominal rates 34.0 % 34.0 % 34.0 % Income tax expense (benefit) at nominal rates R$ 44,591 R$ 26,321 R$ (118,981 ) Permanent (additions) exclusions: Deferred utilization R$ (2,119 ) R$ (960 ) R$ — Nondeductible interest expense 2,931 410 — Tax reserve 145 144 (491 ) Non-taxable — (118 ) — Share of net loss of joint venture 2,348 — — Other non-deductible 1,268 — — Labor incentives (2,677 ) — — Goodwill amortization Konduto 572 — — Non-taxable — (383 ) (527 ) Other (90 ) (27 ) 18 Total income tax before discrete R$ 46,969 25,387 (119,981 ) Total effective tax rate before discrete 35.8 % 32.8 % 34.3 % Discrete for BVS DTL write-off (133,652 ) — — Total income tax (benefit) expense after discrete R$ (86,683 ) 25,387 (119,981 ) Total effective tax rate after discrete -66.1 % 32.8 % 34.3 % c. Changes in balances of deferred tax assets (DTA) and deferred tax liabilities (DTL) Balance at Recognized in profit or loss Balance at (In thousands) December 31, 2022 Additions Acquisitions Write-offs December 31, 2023 BVS acquisition R$ — 1,446 404,176 — 405,622 Outside basis difference on investment in BVS 120,691 12,961 — (133,652 ) — Deferred income tax liabilities R$ 120,691 14,407 404,176 (133,652 ) 405,622 BVS acquisition R$ — — 30,626 — 30,626 BVS temporary differences — 3,503 — — 3,503 Deferred income tax assets R$ — 3,503 30,626 — 34,129 Balance at Recognized in profit or loss Balance at (In thousands) December 31, 2021 Additions Write-offs December 31, 2022 Outside basis difference on investment in BVS 98,009 22,682 — 120,691 Deferred income tax liabilities R$ 98,009 22,682 — 120,691 The amount of unused tax losses and other DTA’s for which no DTA’s are recognized in the balance sheet as of December 31, 2023, December 31, 2022, and December 31, 2021, was R$ 16,697, R$ 18,816, and R$ 19,775 respectively. Dividends from a Brazil company to its shareholders are not subject to dividend withholding tax. There are no potential income tax consequences on the payment of dividends from the Company to its shareholders. Changes in tax liabilities subject to legal proceedings: (In thousands) INSS on Severance pay ISS - PIS and COFINS basis Deductibility - SEBRAE/INCRA and FNDE Total As of December 31, 2022 R$ — R$ — R$ — R$ — Acquisition 7,843 18,220 19,368 45,431 Principal additions 549 670 — 1,219 Interest additions 327 688 236 1,251 As of December 31, 2023 R$ 8,719 19,578 R$ 19,604 R$ 47,901 | |
Boa Vista Servios SA [Member] | ||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||
Taxes Payable | 21 Taxes payable At August 7, 2023 and December 31, 2022, taxes payable are comprised as follows: August 7, December 31, 2023 2022 Taxes payable 50,812 64,609 50,812 64,609 Current 5,381 24,355 Non-current 45,431 40,254 August 7, December 31, Current 2023 2022 PIS and COFINS payable 2,741 4,669 Withholding income tax (IRRF) 2,565 17,957 Service tax (ISS) payable 1 1,644 Other taxes payable 74 85 Subtotal 5,381 24,355 August 7, December 31, Non-current 2023 2022 INSS on Severance pay 7,843 6,550 ISS - PIS and COFINS basis 18,220 15,940 Deductibility - SEBRAE/INCRA and FNDE 19,368 17,764 Subtotal (*) 45,431 40,254 Total taxes payable 50,812 64,609 (*) The Group is part of lawsuits to dispute the payment of certain taxes as follows: (i) INSS on Severance pay In June 2017, the Company filed a lawsuit to (1) obtain the recognition of the non-levy (a) one-third (ii) ISS - PIS and COFINS basis Writ of mandamus filed by the Company seeking the recognition of the right to exclude from the PIS and COFINS tax bases, the value corresponding to ISS due by the Company, suspending such tax liability, given that on ISS installments there should be no levy of social contributions that are calculated on the basis of a company’s billings, as ISS taxes are not part of a Company’s billings or gross revenues, since the Company only collects such amounts and makes the tax payments. (iii) Deductibility - SEBRAE/INCRA and FNDE These taxes payables are based on the understanding of the Supreme Court, that these contributions to SEBRAE/INCRA and FNDE are constitutional. Past proceedings have been discontinued and a writ of mandamus filed seeking the recognition of the unconstitutionality of the Contributions to the (i) National Institute for Colonization and Agrarian Reform (Instituto Nacional de Colonização e Reforma Agrária - INCRA); (ii) the Brazilian Small and Medium Enterprises Support Service (Serviço Brasileiro de Apoio às Micro e Pequenas Empresas - SEBRAE); and (iii) the National Education Development Fund (Fundo Nacional de Desenvolvimento da Educação - FNDE) (educational allowance), given the restrictions for calculation over payroll, due to express prohibition of the text of the Federal Constitution, changed by Constitutional Amendment No. 33/2001. Changes in tax liabilities subject to legal proceedings: PIS and COFINS payable on the ISS -PIS remeasurement INSS on and of fair value of Deductibility - Severance COFINS contingent SEBRAE/INC pay basis consideration RA and FNDE Total As of January 1, 2022 5,427 12,954 3,879 11,768 34,028 Principal additions 627 1,706 — 4,565 6,898 Interest additions 496 1,280 — 1,431 3,207 Reversal — — (3,879 ) — (3,789 ) As of December 31, 2022 6,550 15,940 — 17,764 40,254 Principal additions 215 965 — 380 1,560 Interest additions 1,078 1,315 — 1,224 3,617 As of August 7, 2023 7,843 18,220 — 19,368 45,431 |
Provisions
Provisions | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of other provisions [line items] | ||
Provisions | NOTE 16 Provisions Given the nature of our activities, we are subject to legal and tax proceedings, governmental, regulatory and legislative investigations and inquiries and claims and litigation that are incidental to our business, none of which we believe are likely to have a material adverse effect on the Company’s financial statements We periodically assess our liabilities and contingencies in connection with these matters based upon the latest information available. For claims, litigation and proceedings and governmental investigations and inquiries not related to income taxes, we record liabilities in the financial statements when it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated and periodically adjust these as appropriate. (In thousands) December 31, 2023 December 31, 2022 Civil R$ 12,270 R$ 1,109 Tax 5,334 — Labor 6,090 1,326 Total R$ 23,694 R$ 2,435 Current 685 2,435 Non-current 23,009 — Changes in provisions for tax, civil and labor risks are as follows: (In thousands) Civil (i) Tax (ii) Labor (iii) Total As of December 31, 2022 1,109 — 1,326 2,435 Acquisition R$ 11,799 R$ 5,334 R$ 4,478 R$ 21,611 Additions 6,779 — 286 7,065 Payments (7,417 ) — — (7,417 ) As of December 31, 2023 R$ 12,270 R$ 5,334 R$ 6,090 R$ 23,694 Provision for civil risks Most of the civil claims are based in article 43, paragraph 2 of Law 8,078/90– Consumer Defense Code due to lawsuits filed against the Company. The claimants are seeking indemnity for pain and suffering, alleging not sending the prior notification before the Company exhibits the consumer’s data in Boa Vista’s database. By means of the history of closed cases, the percentages of validity, partial validity and groundlessness of the Special Court and Common Justice cases were calculated, and the average amount paid in cases granted or partially granted was calculated. The recorded civil provision is the result of the estimation of claims representing probable portfolio loss. Provision for tax risks A decision referring to the partial approval by the Brazilian Federal Revenue Service, regarding the offset of federal withholding taxes for issue of invoices, to pay the Income Tax and Social Contribution for the period from January 2011 to December 2011, submitted through a tax compensation mechanism named PER/DCOMP. The Company also has provisions for risks related to federal and municipal taxes between the periods from January 2016 to July 2021. Provision for labor risks The Company is involved in labor claims comprising overtime and salary parity. The Company is also a party to labor lawsuits involving outsourced service providers in which the Company has joint liability. Contingent liabilities There were no significant changes regarding the progress of labor, civil and tax lawsuits classified as possible risks of loss, totaling R$ 75,272 as of December 31, 2023. Amortization of tax goodwill As a result of tax assessment notice issued by the Brazilian Federal Revenue Service in December 2015, the Company is discussing the deductibility of Income Tax and Social Contribution referring to amortization of goodwill from the merger originated from the net assets transferred in the acquisition of Equifax do Brasil Ltda. and the amortization of database originated from the net assets transferred through the capital increase paid-up Tax Foreclosure of Municipal ISS in Campinas Tax foreclosure derived from assessment notice No. 002298/2013, filed by the Public Treasury of the Municipality of Campinas against Boa Vista Serviços S.A. for the collection of debts related to ISS for the provision of services in the periods from June 1, 2011 to May 31, 2013 to customers located in the Municipality of Campinas. The financial impact in the event of loss is R$ 0.2. Tax Foreclosure of Municipal ISS in São Paulo Refers to assessment notices filed by the Municipality of São Paulo charging amounts arising from the alleged underpayment by the Company of ISS tax levied on the digital certificate issuance activity, as well as a fine for non-compliance Lawsuit – Stock Option Plan, commercial nature Legal action filed to seek recognition of the commercial nature of the Company’s Stock Option Plan and secure non-chargeability This is a civil suit seeking to demonstrate that gains and losses involving the Stock Option Plan established by the Plaintiff Entity to the benefit of its employees arise from the commercial agreement entered into by and between the parties on an onerous and voluntary basis, subject to risk (as in any other business). Thus, as no labor compensation is paid, no income tax is levied on compensation paid to individuals (progressive rate of up to 27.5%), on social security contributions and on those of third parties. According to management views supported by outside counsel, the likelihood of loss is rated as “possible”, with a financial impact of R$ 14,739, in case of an unfavorable outcome. As of December 31, 2023 no provision has been recorded. Labor contingencies The Company is a party to other labor claims in the amount of R$ 1,784, whose risk of loss was classified as “possible” in the opinion of our legal counsel and, therefore, no provision was recorded as of December 31 2023. Judicial deposits The Company granted collateral for civil, labor and tax lawsuits in the form of cash deposits which the Company is unable to access until the lawsuit is resolved, as follows: (In thousands) December 31, 2023 Civil contingencies R$ 27 Labor contingencies 1,379 Tax liabilities 26,691 Total R$ 28,097 | |
Boa Vista Servicos S.A [member] | ||
Disclosure of other provisions [line items] | ||
Provisions | 22 Provisions The Group is party to lawsuits and administrative proceedings arising from the normal course of its operations. Provision for probable losses arising from these lawsuits is estimated by the Group, taking into consideration the opinion of its legal advisors. August 7, December 31, 2023 2022 Civil 11,799 6,592 Tax 5,354 5,334 Labor 4,478 2,148 Total 21,631 14,074 Current — — Non-current 21,631 14,074 Changes in provisions for tax, civil and labor risks are Civil (i) Tax (ii) Labor (iii) Total As of January 1, 2022 4,588 7,741 13,663 25,992 Additions 9,209 — — 9,209 Write-offs — — (678 ) (678 ) Payments (7,205 ) — — (7,205 ) Interest and fines — 887 — 887 Transfer to liabilities held for sale — (3,294 ) (10,837 ) (14,131 ) As of January 1, 2023 6,592 5,334 2,148 14,074 Additions 14,251 — 2,330 16,581 Payments (9,044 ) — — (9,044 ) Interest and fines — 20 — 20 As of August 7, 2023 11,799 5,354 4,478 21,631 (i) Provision for civil risks Most of the civil claims are based in article 43, paragraph 2 of Law 8,078/90– Consumer Defense Code due to lawsuits filed against the Group. The claimants are seeking indemnity for pain and suffering, alleging not sending the prior notification before the Company exhibits the consumer’s data in Boa Vista’s database. By means of the history of closed cases, the percentages of validity, partial validity and groundlessness of the Special Court and Common Justice cases were calculated, and the average amount paid in cases granted or partially granted was calculated. The recorded civil provision is the result of the estimation of claims representing probable portfolio loss. (ii) Provision for tax risks Decision referring to the partial approval by the Brazilian Federal Revenue Service, regarding the offset of federal withholding taxes for issue of invoices, to pay the Income Tax and Social Contribution for the period from January 2011 to December 2011, submitted through a tax compensation mechanism named PER/DCOMP. The Group also has provisions for risks related to federal and municipal taxes between the periods from January 2016 to July 2021. (iii) Provision for labor risks The Group is involved in labor claims comprising overtime and salary parity. The Group is also a party to labor lawsuits involving outsourced service providers in which the Group has joint liability. Contingent liabilities There were no significant changes regarding the progress of labor, civil and tax lawsuits classified as possible risks of loss, totaling R$87,218 and R$86,516 as of August 7, 2023 and December 31, 2022, respectively. 2. Amortization of tax goodwill As a result of tax assessment notice issued by the Brazilian Federal Revenue Service in December 2015, the Company is discussing the deductibility of Income Tax and Social Contribution referring to amortization of goodwill from the merger originated from the net assets transferred in the acquisition of Equifax do Brasil Ltda. (R$25,212) and the amortization of database originated from the net assets transferred through the capital increase paid-up 3. Tax Foreclosure of Municipal ISS in Campinas Tax foreclosure derived from assessment notice No. 002298/2013, filed by the Public Treasury of the Municipality of Campinas against Boa Vista Serviços S.A. for the collection of debts related to ISS for the provision of services in the periods from June 1, 2011 to May 31, 2013 to customers located in the Municipality of Campinas. The financial impact in the event of loss is R$219 (R$200 as of December 31, 2022). 4. Tax Foreclosure of Municipal ISS in São Paulo Refers to assessment notices filed by the Municipality of São Paulo charging amounts arising from the alleged underpayment by the Company of ISS tax levied on the digital certificate issuance activity, as well as a fine for non-compliance 5. Lawsuit – Stock Option Plan, commercial nature Legal action filed to seek recognition of the commercial nature of the Company’s Stock Option Plan and secure non-chargeability This is a civil suit seeking to demonstrate that gains and losses involving the Stock Option Plan established by the Plaintiff Entity to the benefit of its employees arise from the commercial agreement entered into by and between the parties on an onerous and voluntary basis, subject to risk (as in any other business). Thus, as no labor compensation is paid, no income tax is levied on compensation paid to individuals (progressive rate of up to 27.5%), on social security contributions and on those of third parties. According to management views supported by lawyers’ opinion, the likelihood of loss is rated as “possible”, with a financial impact of R$14,171 (R$13,318 as of December 31, 2022), in case of an unfavorable outcome. 6. Decisions These are differences arising from PIS and COFINS credits withheld by customers of invoices issued by the Company, and which were offset against taxes to be paid. The Company proved the amounts offset through supporting documents. According to management views supported by lawyers’ opinion, the likelihood of loss is rated as “possible”, with a financial impact of R$13,187 (R$12,410 as of December 31, 2022) in case of an unfavorable outcome. 7. Labor contingencies The Company is a party to other labor claims in the amount of R$1,578 (R$4,872 as of December 31, 2022), whose risk of loss was (v) Judicial deposits The Company granted collateral for civil, labor and tax lawsuits in the form of cash deposits which the Group is unable to access until the lawsuit is resolved, as follows: August 7, December 31, Civil contingencies 1,740 2,020 Labor contingencies 1,182 1,494 Tax liabilities 25,833 23,836 Total 28,755 27,350 Guarantee insurance On August 7, 2023, the Company has no guarantee insurance. On December 31, 2022, as allowed by the Brazilian courts, as an alternative to judicial deposits, for two tax contingencies the Group had guarantee insurance with a total coverage limit of R$ 7,121 |
Shareholders' Equity
Shareholders' Equity | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of classes of share capital [line items] | ||
Shareholders' Equity | NOTE 17 Shareholders’ equity Share Capital On July 27, 2022, the Company underwent a legal transformation of its corporate structure whereby it became a privately held corporation (S.A.) from a limited liability company (LTDA) pursuant to Brazilian corporate law (the “Recapitalization”). Prior to the Recapitalization, the Company had 26,441,364 fully paid capital units. Pursuant to the Recapitalization, the Company’s equity was converted into the following instruments of the Company (named “Equifax do Brasil S.A.”): (a) 8,686,655 authorized and fully paid Common Shares with no par value; and (b) 1,313,345 authorized and fully paid Preferred Shares with no par value. There were no transaction costs related to the issuance of Common Shares or Preferred Shares. The Common Shares are held by Equifax South America LLC and ACSP and the Preferred Shares are held by Equifax, Inc. During 2023, Equifax Inc. contributed cash of R$ 2,497,237 and 479,725 of their common shares to the Company valued at R$ 461,418 in exchange for 2 additional common shares reported as an increase in share capital and other capital reserves of R$ common shares to ACSP and other former shareholders of BVS reported as an increase in share capital and other capital reserves of R As of December 31, 2023, December 31, 2022, and December 31, 2021, the Company’s share capital was composed of the following: (In thousands), January 1, 2023 to January 1, 2022 to January 1, 2021 to Beginning of the period 26,441 26,441 26,161 Change in capital R$ — R$ — R$ 280 Capital increase – BVS 3,797,910 — — Return of capital to common shareholders (1,075,000 ) — — End of the period R$ 2,749,351 R$ 26,441 R$ 26,441 As of December 31, 2023, December 31, 2022 and December 31, 2021, the Company’s Common and Preferred Shares outstanding was composed of the following: Number of Shares January 1, 2023 to January 1, 2022 to January 1, 2021 to Beginning of the period 10,000,000 26,441,364 26,160,764 Change in capital 2 — 280,600 Capital increase - BVS acquisition 2,171,613 — — Redeemable Preferred shares — 1,313,345 — Recapitalization — (17,754,709 ) — End of the period 12,171,615 10,000,000 26,441,364 Profit reserves Legal reserve It is formed annually by the allocation of 5% of net income for the year and may not exceed 20% of the Company’s capital. The purpose of the legal reserve is to guarantee that the capital is paid up and it is used solely to offset loss or for increasing capital. Profit retention The remaining profits, after the formation of the legal reserve are recorded under line item “Retained earnings”, which are available for allocation at the General Meeting. Dividends and interest on net equity (“INE”) EFX Brasil will not distribute any dividends from the results of 2023 based on anticipated reinvestment needs. Redeemable preferred shares The Preferred Shares represent 1,313,345 fully paid redeemable preference shares. These shares are mandatorily redeemable at a fixed price of R$ 24.49 per share, increased by the amount of any declared but unpaid dividends as of the redemption date, on July 29, 2032 | |
Boa Vista Servicos S.A [member] | ||
Disclosure of classes of share capital [line items] | ||
Shareholders' Equity | 23 Shareholders’ equity a) Share Capital As of August 7, 2023 and December 31, 2022, the Company’s share capital was composed exclusively of common shares with no par value, as follows: Share Capital January 1, 2023 2023 January 1, 2022 to December 31, 2022 January 1, 2021 to December 31, 2021 Beginning of the period 1,715,269 1,715,269 1,638,058 Capital increase - Exercise of stock option — — 48,488 Capital increase - Konduto — — 28,723 End of the period 1,715,269 1,715,269 1,715,269 Number of shares January 1, 2023 January 1, 2022 January 1, 2021 Beginning of the period 532,222,621 531,440,373 520,797,860 Capital increase - Exercise of stock option — — 7,758,000 Capital increase - Konduto — — 2,884,513 Capital increase - Warrants Konduto — 391,124 — Capital increase - Warrants Konduto 391,124 391,124 — Cancellation of treasury shares (*) (2,770,900 ) — — End of the period 529,842,845 532,222,621 531,440,373 (*) On August 7, 2023, due to the merger of Company’s shares by EFX Brasil (Note 1 a.), there was a cancellation of 2,770,900 ordinary shares issued by the Company held in treasury (Note 23 e), so that the number of shares issued by the Company was reduced from 532,613,745 to 529,842,845. b) Capital reserves Warrants – Konduto On August 5, 2021 the Company issued two warrants to Konduto’s former shareholders. These warrants had the conversion ratio of 1,977,810 into common shares at an exercise price of R$1.00. Totaling 1,955,620 common shares to be converted upon the exercise. The warrants fair value recognized on March 11, 2021, the signing date of the Agreement for the Purchase and Sale of Shares, Merger of Shares and Other covenants with the shareholders of Konduto, was R$35,651. The warrants may be exercised in one or more times upon payment of an exercise price according to the following schedule and if the former shareholders have not requested their termination or has been dismissed: (i) 20% of the subscription bonus within 6 months after the closing date (ii) 40% of the subscription bonus within 12 months after the closing date (iii) 60% of the subscription bonus within 18 months after the closing date (iv) 80% of the subscription bonus within 24 months after the closing date (v) 100% of the subscription bonus within 30 months after the closing date On March 24, 2022, the Board of Directors’ Meeting (“RCA”) approved a capital increase in the amount of R$2.00 (two reais), through the issuance of 391,124 new common shares as a result of the exercise of warrants held by Konduto’s former shareholders. On September 22, 2022, the RCA approved a capital increase in the amount of R$2.00 (two reais), through the issuance of 391,124 new common shares as a result of the exercise of subscription warrants held by Konduto’s former shareholders. On March 2, 2023, the RCA approved a capital increase in the amount of R$2.00 (two reais), through the issuance of 391,124 new common shares as a result of the exercise of warrants held by Konduto’s former shareholders. On August 7, 2023, the shareholders approved the cancellation of the outstanding warrants as a result of the agreement signed on the same date with Konduto’s former shareholders to cancel the rights to convert the warrants into common shares in exchange of the payment of R$ 6,258 to its holder, to be paid i) 50% on August 22, 2023, and ii) 50% on February 22, 2024. As a consequence, a financial liability was recognised at fair value as a reclassification from equity c) Profit reserves Legal reserve It is formed annually by the allocation of 5% of net income for the year and may not exceed 20% of the Company’s capital. The purpose of the legal reserve is to guarantee that the capital is paid up and it is used solely to offset loss or for increasing capital. Profit retention The remaining profits, after the formation of the legal reserve and destination of minimum mandatory dividend, are recorded under line item “Retained earnings”, which are available for allocation at the General Meeting. d) Dividends and interest on net equity (“INE”) In Brazil, entities are allowed to remunerate their shareholders by way of interest on net equity payments, subject to certain limitations, such the limit of Long Term Interest Rate (“TJLP”) and 50% of current or accumulated profits. This payment is deductible for corporate income tax and social contribution purposes. These payments are subject to a 15% withholding tax (or 25% when paid to tax haven jurisdictions). On May 16, 2022, the Company paid dividends referring to the year ended December 31, 2021 in the amount of R$6,946, according to the approval at the Extraordinary General Meeting on April 29, 2022. On April 14, 2022, the Company paid interest on net equity in the amount of R$35,146 approved by the Board of Directors on December 16, 2021. Such interest on net equity net of Withholding Income Tax was attributed to the minimum mandatory dividends. On December 15, 2022, the Board of Directors approved the distribution and payment of interest on net equity in the amount of R$134,784. Such interest on net equity was attributed to the minimum mandatory dividends for the 2022 fiscal year. On April 14, 2023, the Company paid dividends referring to the year ended December 31, 2022 in the amount of R$120,900, according to the approval at the Extraordinary General Meeting on April 28, 2023. August 7, December 31, December 31, Profit for the period/year 111,447 297,750 175,197 Legal reserve - 5% (5,572 ) (14,888 ) (8,760 ) Calculation basis for minimum mandatory dividends 105,875 282,862 166,437 Minimum mandatory distribution to shareholders - 25%(*) 24,469 70,716 41,609 Additional distribution proposed by Management(*) (24,469 ) 64,068 483 Total distribution proposed — 134,784 42,092 Payment method: Interest on net equity — 134,784 35,146 Dividends — — 6,946 Total distribution to shareholders — 134,784 42,092 Number of outstanding shares 529,842,845 532,222,621 531,330,373 Interest on net equity/Dividends per share — 0.25325 0.07920 (*) Based on profit to date, minimum dividend would be R$ 26,469. However, statutory calculation is based on the annual profit and no dividends have yet been proposed on August 7, 2023. Minimum mandatory dividends and dividends approved on or prior to the reporting date are presented in the statement of financial position as liabilities in line item “Dividends and interest on net equity payable” net of withholding income tax, in the amount of R$0 (December 31, 2022: R$120,900). e) Treasury shares On May 28, 2023, the Company approved the program for repurchase of registered common shares of its issue, with no par value, to be held in treasury and subsequently delivered to the participants of the Company’s current plan. The number of shares acquired by the Company during the period was 1,170,600 shares, representing 0.22% of the shares outstanding as of August 7, 2023. On February 24, 2022, the Company approved the program for repurchase of registered common shares of its issue, with no par value, to be held in treasury and subsequently delivered to the participants of the Company’s current plan. The number of The shares were acquired at B3 S.A. – Bolsa, Brasil, Balcão, at market prices and intermediated through the financial institution Itaú Corretora de Valores S.A., as follows: August 7, 2023 Period Number of shares Average price Total price May 2023 (*) 1,170,603 3.84 4,498 Total 1,170,603 3.84 4,498 December 31, 2022 Period Number of shares Average price Total price March 2022 54,900 7.94 436 April 2022 110,100 8.11 893 July 2022 1,607,940 5.18 8,328 Total 1,772,940 5.45 9,657 Number of Average price Total Outstanding at January 1, 2022 — — — Repurchased 1,772,940 5.447 9,657 Transferred from vesting of restricted shares (108,252 ) (8.059 ) (872 ) Outstanding at January 1, 2023 1,664,688 5.277 8,785 Repurchased (*) 1,170,603 3.842 4,498 Transferred - vesting of restricted shares (64,391 ) (5.451 ) (351 ) Cancellation (**) (2,770,900 ) (4.667 ) (12,932 ) Outstanding at August 7, 2023 — — — (*) The difference between the average price and the negotiation price between May 7 and 8 relates to an event of dissent (“ dissidência (**) On August 7, 2023, due to the merger of Company’s shares by EFX Brasil (Note 1 a.), there was a cancellation of 2,770,900 ordinary shares issued by the Company held in treasury. |
Income Tax and Social Contribut
Income Tax and Social Contribution | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Income Tax and Social Contribution | NOTE 9 Taxation Income tax and social contribution (In thousands) December 31, 2023 Income tax recoverable R$ 59,560 Social contribution recoverable 3,362 Total R$ 62,922 Current R$ 62,922 Non-current — Other tax assets (In thousands) December 31, Social integration program(i) R$ 272 Withholding tax 217 Other 340 Total R$ 829 Current R$ 690 Non-current 139 (i) Refers to Social Integration Program (PIS) and Social Contribution on Revenues (COFINS). Taxes payable At December 31, 2023 and December 31, 2022, taxes payable are comprised as follows: (In thousands) December 31, 2023 December 31, 2022 Taxes payable R$ 62,075 R$ 5,350 Current R$ 9,709 R$ — Non-current 52,366 5,350 Current December 31, 2023 December 31, 2022 PIS and COFINS payable R$ 3,122 R$ — Withholding income tax (IRRF) 4,838 — Service tax (ISS) payable 1,668 — Other taxes payable 81 — Subtotal R$ 9,709 R$ — Non-current December 31, 2023 December 31, 2022 INSS on Severance pay (i) R$ 8,719 R$ — ISS - PIS and COFINS basis (ii) 19,578 — Deductibility - SEBRAE/INCRA and FNDE (iii) 19,604 — Other 4,465 5,350 Subtotal(*) R$ 52,366 R$ 5,350 Total taxes payable 62,075 5,350 (*) The Company is part of lawsuits to dispute the payment of certain taxes as follows: (i) INSS on Severance pay In June 2017, the Company filed a lawsuit to (1) obtain the recognition of the non-levy (a) one-third (ii) ISS - PIS and COFINS basis Writ of mandamus filed by the Company seeking the recognition of the right to exclude from the PIS and COFINS tax bases, the value corresponding to ISS due by the Company, suspending such tax liability, given that on ISS installments there should be no levy of social contributions that are calculated on the basis of a company’s billings, as ISS taxes are not part of a Company’s billings or gross revenues, since the Company only collects such amounts and makes the tax payments. (iii) Deductibility - SEBRAE/INCRA and FNDE These taxes payables are based on the understanding of the Supreme Court, that these contributions to SEBRAE/INCRA and FNDE are constitutional. Past proceedings have been discontinued and a writ of mandamus filed seeking the recognition of the unconstitutionality of the Contributions to the (i) National Institute for Colonization and Agrarian Reform (Instituto Nacional de Colonização e Reforma Agrária -INCRA); (ii) the Brazilian Small and Medium Enterprises Support Service (Serviço Brasileiro de Apoio às Micro e Pequenas Empresas - SEBRAE); and (iii) the National Education Development Fund (Fundo Nacional de Desenvolvimento da Educação - FNDE) (educational allowance), given the restrictions for calculation over payroll, due to express prohibition of the text of the Federal Constitution, changed by Constitutional Amendment No. 33/2001. Income Taxes a. Amounts recognized in profit or loss for the year (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Current Income tax expense (benefit) R$ 36,065 R$ 2,706 R$ (275 ) Deferred Income tax expense (benefit) (122,748 ) 22,681 (119,706 ) Total income tax expense (benefit) R$ (86,683 ) R$ 25,387 R$ (119,981 ) b. Tax expense reconciliation (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Profit (loss) before income tax R$ 131,150 R$ 77,415 R$ (349,945 ) Nominal rates 34.0 % 34.0 % 34.0 % Income tax expense (benefit) at nominal rates R$ 44,591 R$ 26,321 R$ (118,981 ) Permanent (additions) exclusions: Deferred utilization R$ (2,119 ) R$ (960 ) R$ — Nondeductible interest expense 2,931 410 — Tax reserve 145 144 (491 ) Non-taxable — (118 ) — Share of net loss of joint venture 2,348 — — Other non-deductible 1,268 — — Labor incentives (2,677 ) — — Goodwill amortization Konduto 572 — — Non-taxable — (383 ) (527 ) Other (90 ) (27 ) 18 Total income tax before discrete R$ 46,969 25,387 (119,981 ) Total effective tax rate before discrete 35.8 % 32.8 % 34.3 % Discrete for BVS DTL write-off (133,652 ) — — Total income tax (benefit) expense after discrete R$ (86,683 ) 25,387 (119,981 ) Total effective tax rate after discrete -66.1 % 32.8 % 34.3 % c. Changes in balances of deferred tax assets (DTA) and deferred tax liabilities (DTL) Balance at Recognized in profit or loss Balance at (In thousands) December 31, 2022 Additions Acquisitions Write-offs December 31, 2023 BVS acquisition R$ — 1,446 404,176 — 405,622 Outside basis difference on investment in BVS 120,691 12,961 — (133,652 ) — Deferred income tax liabilities R$ 120,691 14,407 404,176 (133,652 ) 405,622 BVS acquisition R$ — — 30,626 — 30,626 BVS temporary differences — 3,503 — — 3,503 Deferred income tax assets R$ — 3,503 30,626 — 34,129 Balance at Recognized in profit or loss Balance at (In thousands) December 31, 2021 Additions Write-offs December 31, 2022 Outside basis difference on investment in BVS 98,009 22,682 — 120,691 Deferred income tax liabilities R$ 98,009 22,682 — 120,691 The amount of unused tax losses and other DTA’s for which no DTA’s are recognized in the balance sheet as of December 31, 2023, December 31, 2022, and December 31, 2021, was R$ 16,697, R$ 18,816, and R$ 19,775 respectively. Dividends from a Brazil company to its shareholders are not subject to dividend withholding tax. There are no potential income tax consequences on the payment of dividends from the Company to its shareholders. Changes in tax liabilities subject to legal proceedings: (In thousands) INSS on Severance pay ISS - PIS and COFINS basis Deductibility - SEBRAE/INCRA and FNDE Total As of December 31, 2022 R$ — R$ — R$ — R$ — Acquisition 7,843 18,220 19,368 45,431 Principal additions 549 670 — 1,219 Interest additions 327 688 236 1,251 As of December 31, 2023 R$ 8,719 19,578 R$ 19,604 R$ 47,901 | |
Boa Vista Servicos S.A [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Income Tax and Social Contribution | 24 Income tax and social contribution a) Amounts recognized in the consolidated statement of financial position as of the period/year August 7, December 31, Income tax payable (*) 6,927 — Social contribution payable(*) 2,779 — 9,706 — (*) Cannot be offset against the negative balance of income tax and social contribution accounted for in the income tax and social contribution asset lines, as this is a negative balance for the year ended December31, 2022. b) Amounts recognized in the consolidated statement of profit or loss and other comprehensive income August 7, December 31, Current income tax and social contribution expense: (43,671 ) (64,654 ) Deferred income tax and social contribution expense: Temporary differences (15,393 ) 24,197 Total income tax from continuing operations expense (59,064 ) (40,457 ) c) Tax expense reconciliation August 7, December 31, Profit before income tax and social contribution 167,087 338,207 Income tax and social contribution at nominal rates (34.00 %) (56,810 ) (34.00 %) (114,990 ) Tax effect: Tax incentives (a) 4.69 % 7,844 8.78 % 29,708 Interest on net equity (b) — — 13.55 % 45,826 Gain on loss of control of subsidiary (3.90 %) (6,511 ) — — Other non-deductible (1.54 %) (2,578 ) (0.30 %) (1,025 ) Joint venture - equity method (0.61 %) (1,023 ) — — Others 0.01 % 14 0.01 % 24 Income tax and social contribution (59,064 ) (40,457 ) (a) Refers to “Lei do Bem” and the Workers’ Meal Program – PAT. (b) The Brazilian Law 9,249/95 provides that the Company may pay interest on net equity to shareholders in addition to or alternatively to the dividends proposed, subject to specific limitations, which result in tax deduction in the determination of income tax and social contribution. The limitation considers the higher of: (i) TJLP applied to the Company’s equity; or (ii) 50% of the net income for the year. d) Changes in balances of deferred tax assets and liabilities Recognized in profit or Recognized in profit or Derecognized As of loss As of loss (iv) As of January 1, January 1, August 7, 2022 Additions Reversal 2023 Additions Reversal 2023 Sundry provisions (i) 24,052 12,222 (6,679 ) 29,595 18,851 (8,576 ) — 39,870 Income Tax and Social Contribution losses 4,163 — (488 ) 3,675 — (3,675 ) — — Amortization of fair value adjustments to assets (ii) 6,602 4,857 (457 ) 11,002 — — (11,002 ) — Fair value adjustment of the payables for business combination 110 — — 110 — — (110 ) — Impairment loss of assets 7,943 — — 7,943 — — (7,943 ) — Amortization of relationship with customers (Equifax) and unbilled revenues (1,991 ) (37 ) — (2,028 ) (103 ) 183 — (1,948 ) Lease liability (1,339 ) (4,835 ) 5,193 (981 ) — 415 — (566 ) Compensation for post combination services - Acordo Certo key employees 12,021 16,121 — 28,142 — (28,142 ) — — Deferred income tax and social contribution assets 51,561 28,328 (2,431 ) 77,458 18,748 (39,795 ) (19,055 ) 37,356 Change in fair value of contingent consideration (iii) (27,044 ) (1,319 ) 7,372 (20,991 ) — — 20,991 — Technological innovation development costs — (7,753 ) — (7,753 ) 1,023 — — (6,730 ) Deferred income tax and social contribution liabilities (27,044 ) (9,072 ) 7,372 (28,744 ) 1,023 — 20,991 (6,730 ) Net deferred tax assets 24,517 19,256 4,941 48,714 19,771 (39,795 ) 1,936 30,626 Transfer to held for sale — — (2,695 ) (2,695 ) — — 2,695 — Deferred income tax and social contribution, net 24,517 19,256 2,246 46,019 19,771 (39,795 ) 4,631 30,626 (i) It refers to provisions for communication, electricity, water, building expenses, PPR, provision for expected credit losses, services provided, onleading’s, social charges and benefits to employees. (ii) It refers to amortization of the fair value adjustments made to assets acquired in business combinations. (iii) It refers to the fair value of contingent consideration of Acordo Certo. (iv) It refers to derecognition of deferred tax assets and liabilities related to the contribution of Acordo Certo to the formation of joint venture. |
Basic and Diluted Earnings Per
Basic and Diluted Earnings Per Share | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Earnings per share [line items] | ||
Basic and Diluted Earnings Per Share | NOTE 19 Earnings per Share December 31, December 31, December 31, Weighted average number of shares used as the denominator: Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating basic and diluted earnings per share 9,567,200 22,002,687 26,184,148 | |
Boa Vista Servicos S A [member] | ||
Earnings per share [line items] | ||
Basic and Diluted Earnings Per Share | 29 Basic and diluted earnings per share (ii) Basic earnings per share for the period Calculated based on the weighted average number of common shares as follows: Period ended Year ended Year ended Profit for the period/year attributable to the owners of the Company and used to calculate basic earnings per share (in Reais - R$) 108,023,628 297,750,335 175,196,612 Weighted average number of common shares for basic earnings per share calculation purposes 531,524,863 531,849,714 527,706,265 Weighted average treasury shares (1,230,038 ) (789,429 ) — Weighted average number of common shares for basic earnings per share calculation purposes 530,294,825 531,060,285 526,706,265 Basic earnings per share - R$ 0.2037 0.5607 0.3320 (iii) Diluted earnings per share for the period The weighted average number of common shares used to calculate diluted earnings per share is reconciled with the weighted average number of common shares used to calculate basic earnings per share as follows: Period ended Year ended Year ended Profit for the period/year attributable to the owners of the Company and used to calculate diluted earnings per share (in Reais – R$) 108,023,628 297,750,335 175,196,612 Weighted average number of common shares used to calculate basic earnings per share 531,524,863 531,849,714 527,706,265 Weighted average treasury shares (1,230,038 ) (789,429 ) — Effect of warrants 708,996 1,387,621 711,601 Effect of share options 2,011,348 2,609,392 4,059,077 Effect of restricted shares 927,682 — — Weighted average number of common shares for diluted earnings per share calculation purposes 533,942,851 535,057,298 532,476,943 Diluted earnings per share – R$ 0.2023 0.5565 0.3290 |
Financial Instruments and Capit
Financial Instruments and Capital and Risk Management | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of detailed information about financial instruments [line items] | ||
Financial instruments and capital and risk management | NOTE 18 Financial Instruments and capital and risk management Accounting classifications and fair value The following tables show the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value. (In thousands) Carrying amount Fair Value December 31, 2023 Note Financial assets at Liabilities at fair Financial Total Level 3 Total Assets as per the Statements of Financial Position: Cash and cash equivalents 7 164,095 — — 164,095 — — Trade receivable 8 134,432 — — 134,432 — — Trade receivable – Related parties 14 1,776 — — 1,776 — — Total 300,303 — — 300,303 — — Liabilities as per Statements of Financial Position: Trade payable to suppliers 12 — — 55,949 55,949 — — Lease liability — — 7,656 7,656 — — Payables for acquisitions 15 — 8,678 — 8,678 8,678 8,678 Borrowings — — 10,173 10,173 Trade payables - related parties 14 — — 205,753 205,753 — — Total — 8,678 279,531 288,209 8,678 8,678 As of December 31, 2022, financial assets at FVPL consisted of the Company’s investment in BVS of R$ 386,950, which was measured at a Level 1 fair value hierarchy. Valuation techniques and significant unobservable inputs The following table shows the valuation technique used in measuring Level 3 fair values for acquired intangible assets in the statement of financial position, as well as the significant unobservable inputs used. Type Valuation technique Significant unobservable inputs Inter relationship between significant unobservable inputs and fair value measurement Intangibles Customer portfolio Multi-Period Excess Earning Method: The valuation model estimates the intangible asset’s value based on present value of the incremental after-tax Database Replacement Cost Method: The valuation model considers the current cost of a similar new asset having the nearest equivalent utility to the asset being valued. This approach involves the estimation of all costs incurred and accumulated in the development effort and application of any related obsolescence factors. Trademark Relief from Royalty Method: The valuation model considers that ownership of the intangible asset relieves the owner the need to pay a royalty to a third party in exchange for rights to use the asset. Customer portfolio Expected adjusted net revenue and Risk-adjusted discount rate Database Developer’s Profit Margin and Obsolescence Factor Trademark Expected royalty savings and tax benefits and Risk-adjusted discount rate Customer portfolio The estimated fair value would increase (decrease) if: • the expected adjusted net revenue was higher (lower); or • the risk-adjusted discount rate was lower (higher). Database The estimated fair value would increase (decrease) if: • the expected developer’s profit margin was higher (lower); or • the obsolescence factor was lower (higher). Trademark The estimated fair value would increase (decrease) if: • the expected royalty savings was higher (lower); or • the risk-adjusted discount rate was lower (higher). Financial risk management The Company has exposure to the following risks arising from financial instruments: • Market risk; • Liquidity risk • Credit risk; and • Foreign exchange rate risk. (i) Market risk Market risk is the risk that alterations in market prices, such as foreign exchange, interest rates and prices, will affect the Company’s gains or the measurement of its financial instruments. The objective of market risk management is to manage and control exposures to market risks, within acceptable parameters, and at the same time to optimize the return. Prior to completion of the acquisition of BVS, the Company had exposure to market risk in the form of financial assets held at FVPL which primarily represented our investment in BVS. The fair value of these assets was based upon the share price of the investee. Accordingly, the Company was subject to risks associated with the fluctuation of the share price. Interest rate risk Financial instruments with floating rates expose the Company to risk of variability in cash flows arising from changes in interest rates. The Company’s cash flow interest rate risk derives from short and long-term financial investments and loans and borrowings issued at floating rates. The Company’s management contracts most of its interest-earning assets and liabilities with floating rates. Financial investments are adjusted at CDI and loans and borrowings are adjusted at the TJLP or CDI. Sensitivity analysis - Market risk The Company prepared a sensitivity analysis to evidence the impact of changes in interest rates of financial investments, loans and borrowings and debentures. Liability financial instruments were segregated into debts remunerated at CDI/SELIC. As of December 31, 2023, this analysis has a probable projection scenario as follows: (i) the CDI/SELIC rate at 11.75% p.a. based on the projection of the Central Bank of Brazil as of December 13, 2023. The sensitivity analysis of the impact on profit or loss from the change in interest rates of the Company’s financial instruments, considering a probable scenario (Scenario I), with appreciation of 10% (Scenario II), 25% (Scenario III) and 50% (Scenario IV) is as follows: Operation Exposure at December 31, 2023 Risk Probable rate - % Scenario I probable Scenario II + 10% deterioration Scenario III + 25% deterioration Scenario IV + 50% deterioration Interest rate risk Cash equivalents—financial investments 164,095 Decrease in CDI 11.75 % 19,281 17,353 14,461 9,641 Borrowings (10,173 ) Increase in SELIC 11.75 % (1,195 ) (1,076 ) (896 ) (598 ) Lease liability (7,656 ) Increase in SELIC 11.75 % (900 ) (810 ) (675 ) (450 ) Net Exposure and impact from interest rate risk 146,266 17,186 15,467 12,890 8,593 The Company regularly reviews the estimates and assumptions used in the calculations. However, settlement of transactions involving these estimates may result in amounts different from the estimated amounts, as a result of subjectivity inherent in the process used to prepare analyses. (ii) Liquidity risk Liquidity risk is the risk of the Company encountering difficulties in honoring its payment obligations under financial liabilities. The Company’s cash flow and liquidity are monitored on a daily basis so as to ensure that cash generated from operations and other sources of liquidity, as necessary, are sufficient to meet the scheduled payments, thus mitigating liquidity risk for the Company. Among the alternatives to mitigate the liquidity risk are: funding with third parties with long-term maturity, debt restructuring and, if necessary, raising of additional funds from shareholders. A summary of the maturity profile of financial liabilities and assets that are used to manage liquidity risk is presented below. Financial liabilities are shown at their gross values (not discounted), including principal and future interest payments up to maturity dates. For fixed rate liabilities, interest was calculated based on the rates established in each contract. For liabilities with floating rates, interest was calculated based on a market forecast for each period: December 31, 2023 Carrying amount Total Up to 1 year 1-3 Greater than 3 years Financial assets Cash and cash equivalents 164,095 164,095 164,095 — — Trade receivable 134,432 135,034 129,914 5,120 — Trade receivable - related parties 1,776 1,776 1,776 — — Financial liabilities Accounts payable to suppliers (55,949 ) (55,949 ) (55,949 ) — — Borrowings (10,173 ) (10,173 ) — — (10,173 ) Payables for business combination (8,678 ) (8,678 ) (4,074 ) (4,604 ) — Lease liability (7,656 ) (7,656 ) (4,133 ) (3,523 ) — Trade payables - related parties (205,753 ) (205,753 ) (17,376 ) (36,668 ) (151,709 ) 12,094 12,696 214,253 (39,675 ) (161,882 ) (iii) Credit Risk Credit risk is the risk of the Company incurring financial losses if a customer or counterparty in a financial instrument fails to comply with its contractual obligations. This risk primarily relates to the Company’s accounts receivable and The book values of financial assets represent the maximum credit exposure. Trade receivables, net Credit risk derives from any difficulty in the collection of values due for services provided to the customers. The balance of trade receivables, net is in Reais and is distributed among multiple customers. Credit risk is managed using the Company’s own operating model, where almost all sales are made as credit sales with a short maturity for payment and the remainder is made through advance payment. Despite this, periodic analyses of the customers’ default level are conducted, and efficient forms of collection are adopted. The credit granted by the Company is made following the criteria defined based on statistical models—score, combined with internal information of our business, as well as internal record of behavioral information of the consumers, and these models are periodically reviewed based on the rates of historical losses of portfolio vintages. The maximum exposure to credit risk on each reporting date is the book value as shown in the chart of accounts receivable by maturity (see Note 8). The Company recognized a provision for loss that represents its expected credit losses in connection with accounts receivable (Note 8). Cash equivalents The credit risk of balances in banks and financial institutions is administered by the Company’s Treasury Department. Surplus funds are invested only in approved counterparties which are financial institutions in Brazil with a national credit rating of brA+ or more, and within the limit established to each one, to minimize risk concentration and, therefore, mitigate financial loss in case of possible bankruptcy of a counterparty. Capital management In 2023, there was no change in the objectives, policies or processes of capital management. The Company includes the following balances in its ‘net debt’ measure: borrowings, lease liability and payables for business combinations, less cash and cash equivalents. Net indebtedness indexes on the shareholders’ equity of the Company are comprised as follows: December 31, 2023 (-) Cash and cash equivalents (Note 7) (164,095 ) (+) Lease liability, payables for business combinations and borrowings 26,507 Net indebtedness (137,588 ) Total equity 3,232,111 (iv) Foreign exchange rate risk The Company does not have foreign exchange risk. | |
Boa Vista Servicos S.A [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Financial instruments and capital and risk management | 30 Financial instruments and capital and risk management a. Accounting classifications and fair values The following tables show the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value. Carrying amount Fair Value August 7, 2023 Note Assets at fair Financial Liabilities at Financial Total Level 1 Level 2 Level 3 Total Financial assets not measured at fair value Cash and cash equivalents 6 — 1,174,989 — — 1,174,989 — — — — Accounts receivable 7 — 129,123 — — 129,123 — — — — Accounts receivable – Related parties 18 — 1,245 — — 1,245 — — — — — 1,305,357 — — 1,305,357 — — — — Financial liabilities measured at fair value Payables for business combinations 19 — — 5,475 — 5,475 — — 5,475 5,475 — — 5,475 — 5,475 — — 5,475 5,475 Financial liabilities not measured at fair value Accounts payable to suppliers 14 — — — 53,130 53,130 — — — — Lease liability 15 — — — 8,150 8,150 — — — — Related parties 18 — — — 145 145 — — — — Payables for business combinations 19 6,258 6,258 — — — — — — — 67,683 73,158 — — — — Carrying amount Fair Value December 31, 2022 Note Assets at fair Financial Liabilities at Financial Total Level 1 Level 2 Level 3 Total Financial assets measured at fair value Assets held for sale 13 179,589 — — — 179,589 — — 179,589 179,589 179,589 — — — 179,589 — — 179,589 179,589 Financial assets not measured at fair value Cash and cash equivalents 6 — 1,382,268 — — 1,382,268 — — — — Accounts receivable 7 — 141,347 — — 141,347 — — — — Accounts receivable - Related parties 18 — 2 — — 2 — — — — — 1,523,617 — — 1,523,617 — — — — Financial liabilities measured at fair value Liabilities held for sale 13 — — 22,568 — 22,568 — — 22,568 22,568 Compensation for post-combination services Acordo Certo key employees 17 — — 82,771 — 82,771 — — 82,771 82,771 Payables for business combinations 19 — — 81,559 — 81,559 — — 81,559 81,559 — — 186,898 — 186,898 — — 186,898 186,898 Financial liabilities not measured at fair value Accounts payable to suppliers 14 — — — 50,994 50,994 — — — — Lease liability 15 — — — 9,825 9,825 — — — — Dividends and interest on net equity payable 23 d) — — — 120,900 120,900 — — — — — — — 181,719 181,719 b. Measurement of fair values i. Valuation techniques and significant unobservable inputs The following table shows the valuation technique used in measuring Level 3 fair values for financial instruments and the group of assets and liabilities held for sale in the statement of financial position, as well as the significant unobservable inputs used. Type Valuation technique Significant unobservable inputs Inter relationship between significant Contingent Consideration Discounted cash flows: The valuation model considers the value of the expected adjusted net revenue as defined in the SPA discounted using a risk-adjusted discount rate. Expected adjusted net revenue and Risk-adjusted discount rate The estimated fair value would increase (decrease) if: - the expected adjusted net revenue was higher (lower); or - the risk-adjusted discount rate was lower (higher). Assets and liabilities held for sale Discounted cash flows: The discounted cash flow considers the present value of expected net cash flows to be generated, taking into consideration the projected growth rate of net operating revenue (NOR). The expected net cash flows are discounted using a risk-adjusted discount rate. NOR and risk- adjusted discount rate The estimated fair value would increase (decrease) if: - the expected NOR was higher (lower); or - the risk-adjusted discount rate was lower (higher). ii. Level 3 recurring fair values Reconciliation of Level 3 fair values The following table shows a reconciliation from the opening balances to the closing balances for Level 3 fair values: Note Contingent At January 1, 2022 58,658 Remeasurement of fair value of contingent consideration 19 21,683 Net change in fair value (unrealized) 19 1,218 At January 1, 2023 81,559 Payment for business combinations – Acordo Certo 19 (84,780 ) Unwinding of the time value of money 19 7,814 Net change in fair value (unrealized) 19 882 At August 7, 2023 5,475 c. Financial risk management The Group has exposure to the following risks arising from financial instruments: • Market risk; • Liquidity risk; • Credit risk; and • Foreign exchange rate risk. (i) Market risk Market risk is the risk that changes in market prices, such as foreign exchange, interest rates and prices, will affect the Group’s gains or the measurement of its financial instruments. The objective of market risk management is to manage and control exposures to market risks, within acceptable parameters, and at the same time to optimize the return. Interest rate risk Financial instruments with floating rates expose the Group to risk of variability in cash flows arising from changes in interest rates. The Group’s cash flow interest rate risk derives from short and long-term financial investments and loans and borrowings issued at floating rates. The Group’s management contracts most of its interest-earning assets and liabilities with floating rates. Financial investments are adjusted at CDI and loans and borrowings are adjusted at the TJLP or CDI. Sensitivity analysis—Market risk The Group prepared a sensitivity analysis to evidence the impact of changes in interest rates of financial investments, loans and borrowings and debentures. Liability financial instruments were segregated into debts remunerated at CDI/SELIC. As of August 7, 2023, this analysis has a probable projection scenario for 2023 as follows: (i) the CDI/SELIC rate at 11.75% p.a. based on the projection of the Central Bank of Brazil. The sensitivity analysis of the impact on profit or loss from the change in interest rates of the Group’s financial instruments, considering a probable scenario (Scenario I), with appreciation of 10% (Scenario II), 25% (Scenario III) and 50% (Scenario IV) is as follows: Operation Exposure at Risk Probable Scenario Scenario II + Scenario III Scenario IV Interest rate risk Cash equivalents - financial investments 1,174,989 Decrease in CDI 11.75 % 138,061 124,255 103,546 69,031 Lease liability (8,150 ) Increase in CDI 11.75 % (958 ) (862 ) (719 ) (479 ) Net exposure and impact from interest rate risk 1,166,839 137,103 123,393 102,827 68,552 Operation Exposure at Risk Probable Scenario Scenario II + Scenario III Scenario IV Interest rate risk Cash equivalents - financial investments 1,382,268 Decrease in CDI 13.75 % 190,062 171,056 142,546 95,031 Lease liability (9,825 ) Increase in CDI 13.75 % (1,351 ) (1,216 ) (1,013 ) (676 ) Net exposure and impact from interest rate risk 1,372,443 188,711 169,840 141,533 94,356 The Group regularly reviews the estimates and assumptions used in the calculations. However, settlement of transactions involving these estimates may result in amounts different from the estimated amounts, as a result of subjectivity inherent in the process used to prepare analyses. (ii) Liquidity risk Liquidity risk is the risk of the Group encountering difficulties in honoring its payment obligations under financial liabilities. The Group’s cash flow and liquidity are monitored on a daily basis so as to ensure that cash generated from operations and other sources of liquidity, as necessary, are sufficient to meet the scheduled payments, thus mitigating liquidity risk for the Group. Among the alternatives to mitigate the liquidity risk are: funding with third parties with long-term maturity, debt restructuring and, if necessary, raising of additional funds from shareholders. A summary of the maturity profile of financial liabilities and assets that are used to manage liquidity risk is presented below. Financial liabilities are shown at their gross values (not discounted), including principal and future interest payments up to maturity dates. For fixed rate liabilities, interest was calculated based on the rates established in each contract. For liabilities with floating rate, interest was calculated based on market forecast for each period: August 7, 2023 Carrying Total Up to 1 year 1-3 years 3-4 Financial assets Cash and cash equivalents 1,174,989 1,174,989 1,174,989 — — Accounts receivable 129,123 129,882 123,852 6,030 — Accounts receivable - Related parties 1,245 1,245 1,245 — — Financial liabilities Accounts payable to suppliers (53,130 ) (53,130 ) (53,130 ) — — Payables for business combination (11,733 ) (11,733 ) (7,538 ) (2,918 ) (1,277 ) Lease liability (8,150 ) (8,150 ) (3,712 ) (2,350 ) (2,088 ) Accounts payable - Related parties (145 ) (145 ) (145 ) — — 1,232,199 1,232,958 1,235,561 762 (3,365 ) December 31, 2022 Carrying Total Up to 1 year 1-3 years 3-4 Financial assets Cash and cash equivalents 1,382,268 1,382,268 1,382,268 — — Accounts receivable 141,347 142,547 134,189 8,358 — Accounts receivable - Related parties 2 2 2 — — Financial liabilities Accounts payable to suppliers (50,994 ) (50,994 ) (50,994 ) — — Payables for business combination (81,559 ) (85,809 ) (80,580 ) (4,250 ) (979 ) Lease liability (9,825 ) (16,587 ) (5,679 ) (8,834 ) (2,074 ) Dividends and interest on net equity payable (120,900 ) (120,900 ) (120,900 ) — — 1,260,339 1,250,527 1,258,306 (4,726 ) (3,053 ) (iii) Credit risk Credit risk is the risk of the Group incurring financial losses if a customer or counterparty in a financial instrument fails to comply with its contractual obligations. This risk primarily relates to the Group’s accounts receivable and cash and cash equivalents. The book values of financial assets represent the maximum credit exposure. Accounts receivable Credit risk derives from any difficulty in the collection of values due for services provided to the customers. The balance of accounts receivable is in Reais and is distributed among multiple customers. Credit risk is managed using the Group’s own operating model, where almost all sales are made as credit sales with a short maturity for payment and the remainder is made through advance payment. Despite this, periodical analyses of the customers’ default level are conducted, and efficient forms of collection are adopted. The credit granting by the Group is made following the criteria defined based on statistical models - score, combined with internal information of our business, as well as internal record of behavioral information of the consumers, and these models are periodically reviewed based on the rates of historical losses of portfolio vintages. The maximum exposure to credit risk on each reporting date is the book value as shown in the chart of accounts receivable by maturity (see Note 7). The Group recognized a provision for loss that represents its expected credit losses from January 1, 2023 to August 7, 2023 and for the year ended December 31, 2022, in connection with accounts receivable (Note 7). Cash equivalents The credit risk of balances in banks and financial institutions is administered by the Group’s Treasury Department. Surplus funds are invested only in approved counterparties which are financial institutions in Brazil with a national credit rating of brA+ or more, and within the limit established to each one, to minimize risk concentration and, therefore, mitigate financial loss in case of possible bankruptcy of a counterparty. Capital management From January 1, 2023 to August 7, 2023 and for the year ended December 31, 2022, there was no change in the objectives, policies or processes of capital management. The Group includes the following balances in its ‘net debt’ measure: bank loans and borrowings, debentures, lease liability and payables for business combinations, less cash and cash equivalents. Net indebtedness indexes on the shareholders’ equity of the Group are comprised as follows: August 7, December 31, 2023 2022 (-) Cash and cash equivalents (Note 6) (1,174,989 ) (1,382,268 ) (+) Lease liability and payables for business combinations (Notes 15 and 19) 19,883 91,384 Net indebtedness (1,155,106 ) (1,290,884 ) Total shareholders’ equity 2,297,712 2,199,224 Net debt ratio - % (50.27 %) (58.70 %) (iv) Foreign exchange rate risk The Group does not have foreign exchange risk on August 7, 2023 and December 31, 2022 |
Employee Benefits
Employee Benefits | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S.A [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Employee benefits | 31 Employee benefits (i) Stock option plan The Special Shareholders’ Meeting held on February 29, 2012 approved a stock option plan for the Group, which granted to the directors and employees in position of command (beneficiaries) the possibility to acquire shares of the Group, observing certain conditions (“Option Plan”). The Option Plan, which is managed by the Group’s Executive Committee, aims to provide incentive for the expansion, success and achievement of the Groups’ corporate goals. The Plan comprised 7 employees as of December 31, 2022. As of August 7, 2023, the plan was canceled. At each grant date, the fair value of the stock options granted was determined using the Black-Scholes formula. The dates of the 8 grants made from the beginning of the plan until the period ended August 7, 2023 Grant Month Year 1 February 2012 2 May 2018 3 August 2018 4 October 2018 5 March 2019 6 September 2019 7 November 2019 8 August 2020 Shares that may be acquired in the ambit of the option plan will not exceed 10% of Group’s total capital, provided that total number of issued shares or shares that may be issued pursuant to the terms of the option plan is always within the capital limit authorized by the Group. The options are settled through equity instruments. As a result of the Company’s going public in September 2020, all options granted were automatically accelerated for vesting. The next exercise periods are as follows: • From January 1, 2023 to January 20, 2023; • From April 1, 2023 to April 20, 2023; • From July 1, 2023 to July 20, 2023; • From October 1, 2023 to October 20, 2023; and • From January 1, 2024 to January 20, 2024. Changes in balances of vested stock options: August 7, December 31, December 31, 2023 2022 2021 Beginning of the period 24,970 24,970 50,014 Cancellation (*) (24,970 ) — — Options exercise April/2021 — — (25,044 ) End of the period — 24,970 24,970 The variations in the quantity of stock options and their weighted average strike prices for the year are presented below: August 7, 2023 December 31, 2022 December 31, 2021 Average (**) Quantity of Average (**) Quantity of options Average (**) Quantity of Beginning of the period 7.17 3,534,000 6.80 3,534,000 5.77 11,292,000 Cancelled (*) 7.07 (3,534,000 ) — — — — Exercised — — — — 6.25 (7,758,000 ) End of the period — — 7.17 3,534,000 6.80 3,534,000 (*) 795.000 and 2.739.000 (**) The strike price is adjusted by monetary inflation (IGP-M) As a result of the cancellations, there is no outstanding options as of August 7, 2023 (3,534,000 outstanding options as of December 31, 2022). No options were granted or exercised from January 1, 2023 to August 7, 2023. (ii) Restricted Share Plan The Special Shareholders’ Meeting held on December 10, 2019 approved the Restricted Share Plan. The purpose of the plan is to grant the beneficiaries eligible by the Committee the opportunity to receive Restricted Shares, aiming to promote: (a) retention of the Beneficiaries; (b) the long-term commitment of the Beneficiaries and the strengthening of the meritocracy culture; and (c) the alignment of interest between the Beneficiaries and the Company’s shareholders. Under the article 125 of the Brazilian Civil Code, the effectiveness of the plan was conditional on the liquidation of the Company’s Initial Public Offering on the Brazilian stock exchange (B3). The grant is restricted due it is subject to a vesting schedule and only after the vesting date will the beneficiaries receive the shares. At March 31, 2021, the first grant of this plan was made. The grant will vest on the anniversary date of the grant in each of the three years as follows: 30%, 30% and 40%, respectively. The fair value corresponds to the closing price of the share on the grant date. On February 15, 2023, a plan was granted for the Company’s management, which will have vesting on the anniversary date of the grant in each of the three years in the following proportions: 25%, 30%, and 45%, respectively. On June 2, 2023, the second grant of the plan was made. Vesting will only occur at the end of the plan’s three years of validity, in June 2026. Information on the restricted shares granted is presented in the table below: Changes in number of shares Grant date Exercise period Fair Number of New grants Realized Canceled Number of March 31, 2021 Mar/22, Mar/23 and Mar/24 11.51 263,721 — — — 263,721 February 15, 2023 Feb/24, Feb/25 and Feb/26 7.70 — 471,746 — — 471,746 June 2, 2023 Jun/26 7.72 — 1,683,442 — — 1,683,442 Total 263,721 2,155,188 — — 2,418,909 Changes in number of shares Grant date Exercise period Fair Number of 31, 2021 New grants Realized Canceled Number of March 31, 2021 Mar/22, Mar/23 and Mar/24 11.51 582,406 — (149,323 ) (169,362 ) 263,721 Total 582,406 — (149,323 ) (169,362 ) 263,721 The Company recognized expenses related to the grants of the Share Plan with a corresponding capital reserve in equity, based on the method used to determine fair value of the shares on the grant as shown in the table below. August 7, December 31, December 31, 2023 2022 2021 Grant date fair value of awards 1,404 1,006 2,681 Social security contribution 335 184 868 Total 1,739 1,190 3,549 (iii) Retention Plan On October 29, 2022, the Retention Plan was approved by the Board of Directors. The plan is intended for the Company’s managers and employees selected to participate and who express their willingness to join the plan, upon execution of the respective grant agreement, to which the Company will make payment in cash as a retention bonus, referenced to the value of the share, in the form of “Phantom Shares”. The first grant under the Retention Plan was carried out on December 13, 2022. This is a non-recurring The rights of the Eligible Beneficiaries in relation to the “Retention Plan”, especially the right to receive the amount in cash, referenced to the value of the share, will only be fully acquired if the Eligible Beneficiaries remain continuously linked as officers, directors or employees of the Company, during the periods specified below: (i) the eligible Beneficiary will be entitled to receive 30% of the amount in cash on March 31, 2023; (ii) the eligible Beneficiary will be entitled to receive 30% of the amount in cash on March 31, 2024; and (iii) the eligible Beneficiary will be entitled to receive 40% of the amount in cash on March 31, 2025. The payment of the amount in cash to the eligible Beneficiaries will only take place with the fulfillment of the conditions and deadlines set forth in the “Retention Plan” and in the grant contracts, so that the granting of the “Phantom Shares” in itself does not guarantee the eligible Beneficiaries any rights or even represents the guarantee of receipt. The Company recognized expenses related to the plan and a liability, based on the fair value of the awards calculated at each reporting date, as shown in the table below: August 7, December 31, December 31, 2023 2022 2021 Grant date fair value of awards 5,496 1,113 — Social security contribution 1,386 280 — Total 6,882 1,393 — |
Transactions Not Involving Cash
Transactions Not Involving Cash | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Transactions not involving cash [Line Items] | |
Transactions not involving cash | 32 Transactions not involving cash The Group carried out investing and financing activities not involving cash which are not included in the statements of cash flows: August 7, December 31, 2023 2022 Contribution of assets to the formation of BVRV 182,270 — Reclassification of warrants 6,258 — Lease termination — 7,541 Reconciliation of liabilities arising from financing activities: December Cash Non-cash August 7, Acquisition Interest Write-off Reclassification Reclassification of warrants — — — — — 6,258 6,258 Leases liabilities 9,825 (2,377 ) — 702 — — 8,150 December Cash Non-cash December Acquisition Interest Write-off Transfer to Leases liabilities 20,278 (7,463 ) 2,625 2,036 (7,541 ) (110 ) 9,825 |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2023 | |
Earnings per share [abstract] | |
Earnings Per Share | NOTE 19 Earnings per Share December 31, December 31, December 31, Weighted average number of shares used as the denominator: Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating basic and diluted earnings per share 9,567,200 22,002,687 26,184,148 |
Subsequent Events
Subsequent Events | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Subsequent events [Line Items] | ||
Subsequent Events | NOTE 20 Subsequent Events The Company performed an evaluation of subsequent events through May 10, 2024, the date these financial statements were available to be issued, and determined there were no recognized or unrecognized subsequent events that would require an adjustment to the financial statements or additional disclosure. | |
Boa Vista Servicos S A [member] | ||
Subsequent events [Line Items] | ||
Subsequent Events | 33 Subsequent events Capital reduction On October 13, 2023, the Company reduced its capital in the amount of R$797,874, according to the approval at the Extraordinary General Meeting on August 16, 2023. Dividends payment On October 11, 2023, the Company paid dividends in the amount of R$277,127, according to the approval at the Extraordinary General Meeting on August 16, 2023. |
Description of Business, and _2
Description of Business, and Basis of Presentation and Summary of Significant Accounting Policies (Policies) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||
Basis of Measurement | 1.3 Basis of Measurement These financial statements have been prepared on a historical cost basis, unless otherwise stated. The Company consolidates the financial information for all entities it controls. Control is obtained when the Company has the power over the relevant activities of an entity and exposure to variability of returns from this entity. Subsidiaries are fully consolidated from the date on which control is transferred to the Company and deconsolidated from the date that control ceases. Balances and transactions between subsidiaries, and unrealized gains and losses on operations between the Company and its subsidiaries were eliminated. | |
Going Concern | 1.4 Going Concern The financial statements have been prepared under the assumption that the Company operates on a going concern basis. | |
Critical Accounting Estimates and Judgments | 1.5 Critical Accounting Estimates and Judgments Prior to January 1, 2021, no stand-alone financial statements for the Company had been prepared and accordingly, the Company adopted IFRS for its financial statements for the years ended December 31, 2021 and 2022 effective on January 1, 2021, applying all standards that were in effect as of that date (“the Adoption”). Accordingly, no reconciliations of opening equity or total comprehensive income was required. The Company has prepared financial statements that comply with IFRS applicable as of December 31, 2023, together with the comparative period data for the years ended December 31, 2022 and December 31, 2021, as described in the summary of significant accounting policies. In preparing the financial statements, the Company’s opening statement of financial position was prepared as of January 1, 2021, the Company’s date of adoption of IFRS. In the preparation of these financial statements, Management used judgments and estimates that affect the application of accounting policies of the Company, and the reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. Estimates and assumptions are reviewed on a continuous basis. Changes in estimates are recognized on a prospective basis. a. Judgments The judgments which significantly impact the amounts recognized in the consolidated financial statements relate to: • Determining the useful life of intangible assets: the determination of useful lives requires estimates of expected future benefits. Note 1.11 and 1.12 • Determining the fair value of intangible assets as a result of business combinations. Notes 2 and 18 b. Uncertainties resulting from assumptions and estimates The main estimates related to the financial statements refer to: • Impairment test of intangible assets and goodwill: assumptions involved in determining the recoverable values—Note 11 • Provision for tax, civil and labor risks: assumptions regarding the likelihood and magnitude of the outflows of funds – Note 16 • Recognition of deferred tax assets: availability of future taxable profit against which deductible temporary differences and tax losses carried forward can be utilized—Note 1.20 and Note 9 | |
Revenue recognition | 1.6 Revenue recognition The Company generates revenue through two revenue streams: i) decision services and ii) recovery services. The Company determines revenue recognition through the following steps: • identification of a contract with a customer; • identification of the performance obligation(s) in the contract; • determination of the transaction price; • allocation of the transaction price to the performance obligation(s) in the contract; and • recognition of revenue when or as the performance obligation(s) are satisfied. At contract inception, the Company assesses the services promised within each contract, determines which goods or services are performance obligations, and assesses whether each promised service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when, or as that performance obligation is satisfied. Revenue from decision services Decision services revenue is derived from subscription arrangements to the Company’s platform, a comprehensive database with features to support customers with assessment and decision-making related to their customers’ credit risk. The following is a summary of the decision services available as a feature in the Company’s platform through subscriptions: • Risk analytics - solutions based on statistical models to help companies to make more assertive and efficient business decisions. • Legacy data report - reports with recording, demographic and restrictive data. • Marketing services - intelligence to identify customers with the most adequate profile for its target. • Anti-fraud solutions – security solution for virtual stores, fintechs and payments processing industry by combating fraud in digital transactions. Subscriptions (i.e., monthly and annually) are generally determined to have one distinct performance obligation, which is access to the Company’s platform and its features, and are recognized over time, ratably, over the subscription term, as the performance obligation is satisfied. In addition, the renewal of the monthly subscription is automatic and can be canceled at any time. Prepayments In some cases, the customer prepays its annual subscription. When the customer makes a prepayment, a contract liability is recognized in the amount of such prepayment with an obligation for provision of commercial credit reporting and scoring to the customer. The realization of the contract liability and recognition of revenue occurs as the customer receives and has access to the contracted features. For prepaid contract amounts, revenue is recognized when consumed by the customer. Revenue from recovery services Recovery services revenue is derived from solutions to support customers in recovering debts. The following is a summary of the recovery services provided by the Company: • Digital solutions - Solutions for the management of creditor’s defaulting portfolios and for sending formal communications to debtors via digital vehicles, such as SMS and e-mail. • Printed solutions - Submission of printed collection letter to debtors and reports with consumers’ debt history. The Company uses its digital solutions and analysis techniques to define processes and communication flows for each customer, increasing the effectiveness of the credit recovery process (i.e., notifying the debtor and, in case of continued non-payment, Recovery services arrangements are determined to have one performance obligation, which are either the digital or the printed solutions, and are recognized over time, ratably over the contract terms as the performance obligation is satisfied based on the volume of notifications sent by month. Each notification sent to debtors corresponds to a separate service provided and is considered in the volume of notifications sent at the price contracted by the customer. The Company monitors provided recovery services by customer and issues the invoice 30 days after the service is rendered. | |
Financial Instruments | 1.7 Financial Instruments (i) Recognition and initial measurement Dividends receivable are initially recognized on the date that they were originated. All other financial assets and liabilities are initially recognized when the Company becomes a party to the contractual provisions of the instrument. A financial asset (unless it is an account receivable without a material financing component) is initially measured at fair value, plus, for an item not measured at fair value through profit or loss (FVPL), transaction costs that are directly attributable to its acquisition or issue. Accounts receivable without a significant financing component are initially measured at the price of the transaction. (ii) Classification and subsequent measurement Financial instruments At initial recognition, a financial asset is classified as measured at amortized cost, fair value through other comprehensive income (FVOCI) or fair value through profit and loss (FVPL). To determine recognition, the Company makes an assessment of the objective of the business model in which a financial asset is held at the portfolio level, since this best reflects the way the business is managed and information is provided to management. The information considered includes: • whether management’s strategy focuses on obtaining contractual interest revenue, maintaining a certain interest rate profile, matching the duration of financial assets to the duration of related liabilities or expected cash outflows, or the realization of cash flows through the sale of assets; • how the performance of the portfolio is evaluated and reported to the Company’s management; • risks that affect the performance of the business model and the manner in which those risks are managed; and • Financial assets managed and whose performance is evaluated based on fair value are measured at FVPL. The financial assets of the Company are measured at fair value through profit and loss. In 2021 and 2022 and through August 7, 2023, these assets include the investment in 9.95% of the outstanding equity of BVS which was recorded in Financial assets measured at FVPL within the Company’s Statement of Financial Position. The Company recorded the investment using a mark-to-market Also included in Financial assets at FVPL was the investment in 9.5% of the outstanding equity of Neuroanalitica Participacoes Ltda. (“Neuroanalitica”), which is not a publicly traded company and is focused on the development of automated solutions for the decision cycle. The Company recorded the investment at cost which represented the best estimate of fair value. The investment balance recorded for Nueroanalitica was R$ 2,576 as of December 31, 2022. We sold our investment in Neuroanaltica on May 12, 2023 which resulted in a gain of R$ 31,211. This gain has been recorded in other income, net. Other income, net is primarily dividend income of R$14,553 and $5,053 for the years ended December 31, 2022 and December 31, 2021 respectively Financial assets at amortized cost - These assets are subsequently measured at amortized cost using the effective interest rate method. Amortized cost is reduced for impairment losses. Interest revenue, foreign exchange gains and losses, and impairment losses are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. All financial assets not classified as measured at amortized cost, as described above, are classified at FVPL. This includes cash and cash equivalents, and our investment in the equity of BVS. Upon initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost at FVPL if this would significantly eliminate or reduce an accounting mismatch that would otherwise arise. Financial liabilities - Financial liabilities are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method. Interest expense is recognized in profit or loss. Any gain or loss on derecognition is also recognized in profit or loss. (iii) Derecognition Financial assets The Company derecognizes a financial asset when the contractual rights to the cash flows expire, or when the Company transfers the rights to receive the contractual cash flows in a transaction in which substantially all risks and benefits of owning the financial asset are transferred or in which the Company neither substantially transfers nor maintains all risks and benefits of owning the financial asset and it does not retain control over the financial asset. Financial liabilities The Company derecognizes a financial liability when its contractual obligations are discharged, canceled or expired. The Company also derecognizes a financial liability when terms are modified, and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. On derecognition of a financial liability, the difference between the carrying amount and the consideration paid (including any non-cash | |
Fair Value Measurements | 1.8 Fair Value Measurements For financial assets and liabilities measured at fair value on a recurring basis, fair value is the price the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. In the absence of active markets for the identical assets or liabilities, such measurements involve developing assumptions based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction that occurs at the measurement date. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. Preference is given to observable inputs. These two types of inputs create the following fair value hierarchy: Level 1 — Quoted prices for identical instruments in active markets. Level 2 — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 — Significant inputs to the valuation model are unobservable. We maintain policies and procedures to value instruments using the best and most relevant data available. In addition, the Company performs reviews to assess the reasonableness of the valuations. This detailed review may include the use of a third-party valuation firm. Additional information on the assumptions adopted in the measurement of fair values is included in Note 18—Financial instruments. | |
Impairment | 1.9 Impairment (i) Non-derivative Financial instruments and contractual assets The Company recognizes provisions for expected credit losses on financial assets measured at amortized cost under the simplified approach. When estimating expected credit losses, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes quantitative and qualitative information and analysis, based on the Company’s historical experience, credit assessment and considering forward-looking information. The Company uses a “provision matrix” to calculate expected losses for its trade receivables. The provision matrix is based on the percentages of historical loss observed over the expected life of the receivables and is adjusted for specific customers according to score (percentage that represents the statistical calculation produced internally that considers future estimates and qualitative factors, such as capacity debtor’s financial situation). These qualitative factors are monitored monthly by the Company’s treasury. Historical loss percentages and scores are reviewed whenever a significant event occurs with indications that there may be a significant change in these percentages. For customers with a delinquency of less than or greater than 90 days, but with a high probability of recovery, the Company’s historical recovery percentages are applied. The score is applied to customers who have been in default for more than 90 days and have a low probability of recovery. The provision for losses for financial assets measured at amortized cost is deducted from the gross carrying value of the assets. The gross carrying value of a financial asset is written down when the Company has no reasonable expectation of recovering the financial asset in full or in part. The Company does not expect any significant recovery of the written-off | |
Labor obligations | 1.10 Labor obligations Short-term labor obligations Obligations for short-term employee benefits are recognized as personnel expenses as the related service is provided. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available. The Company offers to its employees a defined-contribution pension plan, called Boa Vista Prev., managed by Bradesco Vida e Previdência, whose monthly contributions are made in part by the employees and part by the Company. The plan was implemented on November 1, 2011 and modified in 2015. | |
Intangible assets | 1.11 Intangible assets Separately acquired intangible assets with a defined useful life are recorded at cost, less accumulated amortization and impairment losses. Amortization is recognized on a straight-line basis, according to the estimated useful lives of the assets. The estimated useful lives and the amortization method are reviewed annually, and the effects of any changes in estimates are recorded prospectively. Intangible assets with indefinite useful lives are not amortized, but are tested annually for impairment. Database Intangible assets include expenditures for databases, mainly from registry offices, to create products offered by the Company to its customers. These assets are amortized under the straight-line method, whose useful life is based on the legal period for the disclosure of such information, of five years and seven years depending on the nature of the data. Trademarks Separately acquired trademarks are stated at historical cost. Trademarks acquired in a business combination are recognized at fair value on the acquisition date and are amortized over two years. Software Licenses acquired for computer programs that are capitalized based on costs incurred and amortized over their useful life. Expenditures associated with software development are capitalized and amortized over their estimated useful lives or maintenance are recognized as expenses when incurred. Customer portfolio Relationships with customers acquired in business combinations represent important access to a specific market for market participants as well as a barrier to competitors. Non-compete Non-compete | |
Amortization | 1.12 Amortization Amortization is calculated using the straight-line method based on the estimated useful lives of each asset. Amortization is recognized in profit or loss. Estimated useful lives are as follows: Useful life - Trademark 2 Database 5 - 7 Software 5 Customer portfolio 10 Non-compete 15 Amortization methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. | |
Product development costs | 1.13 Product development costs Internal projects relate to the structuring and development of products and are classified as “Internally developed products” when the product is ready for sale. However, products that are still under development are classified as “Intangible assets in progress”. Directly attributable expenses with the development of projects linked to technological innovations are capitalized when all of the following aspects are met: • Technical feasibility can be demonstrated to complete the asset in such a way that it is made available for use; • The Company has the intention and ability to complete the intangible asset and use it; • It is possible to demonstrate how the intangible asset will generate future economic benefits; • The Company has the ability to reliably measure the expenditures attributable to the intangible asset during its development. • The Company can demonstrate the availability of adequate technical, financial and other resources to complete the development. Capitalized expenditures, when the aforementioned criteria are met, include labor costs that are directly attributable to the preparation of this asset. Development activities involve a plan or project aimed at producing new products and/or improvements. Following initial recognition, the asset is carried at cost less any accumulated amortization and any impairment losses. Amortization begins when development is completed and the asset is available for use for the period of the future economic benefits. The useful life of development assets reflects the period of financial return of each project, which is estimated between two and five years. During the development | |
Impairment of Non-financial assets | 1.14 Impairment of Non-financial On each reporting date, the Company reviews the carrying amounts of its non-financial For impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or cash generating units (“CGUs”). Goodwill and intangible assets with indefinite useful lives arising from a business combination are allocated to CGUs or groups of CGUs that are expected to benefit from the synergies of the combination. As of December 31, 2023 we have one CGU. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs of disposal. Value-in-use pre-tax An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. They are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis. An impairment loss in respect of goodwill is not reversed. For other assets, an impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. | |
Cash and Cash Equivalents | 1.15 Cash and Cash Equivalents Cash and cash equivalents include cash in hand, cash at banks, deposits held at call with financial institutions and other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. | |
Interest in joint venture | 1.16 Interest in joint venture A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The aggregate of the Company’s share of profit or loss of a joint venture is shown on the face of the consolidated statement of profit or loss and other comprehensive income outside operating profit and represents profit or loss after tax and non-controlling Interests in joint ventures are accounted for using the equity method, after initially being recognised at cost in the consolidated statement of financial position. Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize the Company’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Company’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from joint ventures are recognized as a reduction in the carrying amount of the investment. Where the Company’s share of losses in an equity method investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Company does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealized gains on transactions between the Company and its joint ventures are eliminated to the extent of the Company’s interest in these entities. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Company. | |
Business combination and goodwill | 1.17 Business combination and goodwill The Company uses the acquisition method to account for business combinations. The cost of an acquisition is measured as the sum of the consideration transferred, which is measured at the acquisition-date fair value. Costs directly attributable to the acquisition are expensed as incurred. When acquiring a business, the Company evaluates the financial assets acquired and liabilities assumed to classify them according to the contractual terms, the economic circumstances and the applicable conditions on the date of acquisition. Goodwill corresponds to the value paid in excess of the assets acquired and liabilities assumed at fair value, resulting from the expectation of future profitability and supported by economic and financial studies that were the basis for the purchase price of the business. Goodwill is measured at cost, less accumulated impairment losses. It is tested for impairment annually, or more frequently if there is indication that the Cash-Generating Unit may be impaired. Goodwill arising on acquisition of subsidiaries is recognized in intangible assets. | |
Provisions | 1.18 Provisions Provisions are recognized for present obligations (legal or constructive) resulting from past events, in which it is possible to estimate the amounts reliably and whose settlement is likely. The amount recognized as a provision is the best estimate of the consideration required to settle the obligation at the end of each year, considering the risks and uncertainties related to the obligation. The determination of the probability of loss includes the assessment of available evidence, the hierarchy of laws, the available jurisprudence, the most recent court decisions and their relevance in the legal system, as well as the assessment of the Company’s internal and external lawyers. In the case of civil contingencies, the provision is made according to the number of active lawsuits regardless of their likelihood of loss, multiplied by the historical average loss value of the lawsuits. A contingent liability recognized in a business combination is initially measured at fair value. Subsequently, it is measured by the higher of the value that would be recognized in accordance with the requirements of provisions above or the amount initially recognized less (when appropriate) the accumulated amortization recognized. | |
Foreign Currency | 1.19 Foreign Currency We have determined that the local currency is the functional currency as determined by a review of the economic environment where the Company primarily generates and expends cash. The Company’s financial statements are presented in Brazilian Reais, which is also the Company’s functional currency. | |
Income Tax | 1.20 Income Tax Income tax expense represents the sum of our current and deferred taxes. Current and deferred income tax expense are calculated based on the rates of 15% plus a surcharge of 10% on taxable income in excess of R$240,000 (R$20,000 per month) for income tax and 9% on taxable income for social contribution on net income, and consider the offsetting of tax losses, limited to 30% of the taxable income for the year. Current and deferred taxes are recognized in profit or loss. Current income tax Current tax expense is the tax payable or receivable on the taxable income or loss for the year and any adjustments to taxes payable in relation to prior years. The amount of current taxes payable or receivable is recognized in the Statements of Financial Position as a tax asset or liability under the best estimate of the expected amount of taxes to be paid or received reflecting the uncertainties related to its calculation, if any. It is measured based on tax rates enacted at the reporting date. Current tax assets and liabilities are offset only if certain criteria are met. Deferred income tax Deferred tax assets and liabilities are recognized in relation to the temporary differences between the book values of assets and liabilities for financial statement purposes and the related amounts used for taxation purposes. The changes in deferred tax assets and liabilities for the year are recognized as deferred income tax expense. Deferred tax is not recognized for temporary differences on the initial recognition of assets and liabilities in a transaction that is not a business combination, and that does not affect the taxable or accounting profit or loss; or taxable temporary differences arising from the initial recognition of goodwill. A deferred tax asset is recognized in relation to the unused tax losses and deductible temporary differences to the extent that it is probable that future taxable income will be available to be used to offset such amounts. Future taxable income is determined based on the reversal of relevant taxable temporary differences. If the amount of the taxable temporary differences is insufficient to fully recognize a deferred tax asset, the future taxable income, adjusted for reversals of the existing temporary differences, is considered, based on the Company’s business plans. Deferred tax assets are reviewed at each reporting date and reduced when their realization is no longer probable. Deferred tax assets and liabilities are measured at tax rates expected to be applied to temporary differences when they are reversed, based on rates enacted or substantively enacted up to reporting date. The measurement of deferred tax assets and liabilities reflects the tax consequences of how the Company expects to recover or settle its assets or liabilities. Deferred tax assets and liabilities are offset only if (a) the Company has a legal right to offset current tax assets against current tax liabilities; and (b) the deferred tax assets and liabilities are related to income taxes levied by the same tax authority. | |
Dividends and interest on net equity | 1.21 Dividends and interest on net equity (“INE”) The proposal for distribution of dividends made by the Company’s board of directors that is within the portion equivalent to the minimum mandatory dividends is recorded in current liabilities, as “Dividends payable”, since it is considered a legal obligation established in the Company’s bylaws. Shareholders are entitled to minimum mandatory dividends of 25% of the net income for each year, adjusted in accordance with the legislation in force unless the board of directors determines the distribution would be incompatible with the current financial situation. The distribution of dividends and interest on net equity to the Company’s shareholders is recognized as a liability payable of the Company at the end of the year, based on the Company’s bylaws. | |
Recent Accounting Pronouncements | 1.22 Recent Accounting Pronouncements New standards, amendments and interpretations to standards The standards, amendments and interpretations to standards issued but not effective until after the date of issue of these financial statements are presented below: Amendment to IAS 1 non-current, non-current The following new and amended accounting standards are not expected to have a significant impact on the Company’s consolidated financial statements. • Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7) • Lease Liability in a Sale and Leaseback (Amendments to IFRS 16) • Lack of Exchangeability (Amendments to IAS 21) • Sale or Contribution of Assets between an investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28) There are a number of new or amended standards as described further below that are mandatorily effective for an accounting period that began after January 1, 2023. Their adoption has not had any impact on the disclosures or on the amounts reported in these consolidated financial statements. Amendment to IAS 1 and IFRS Practice Statement 2 To support this amendment, the IASB also amended IFRS Practice Statement 2 Making Materiality Judgements to provide guidance on how to apply the concept of materiality to accounting policy disclosures. Amendment to IAS 8 Amendment to IAS 12 – The amendment should be applied to transactions that occur on or after the beginning of the earliest comparative period presented. In addition, entities should recognise deferred tax assets (to the extent that it is probable that they can be utilized) and deferred tax liabilities at the beginning of the earliest comparative period for all deductible and taxable temporary differences associated with: • right-of-use • decommissioning, restoration and similar liabilities, and the corresponding amounts recognised as part of the cost of the related assets. The cumulative effect of recognising these adjustments is recognised in the opening balance of retained earnings, or another component of equity, as appropriate. IAS 12 did not previously address how to account for the tax effects of on balance sheet leases and similar transactions and various approaches were considered acceptable. Some entities may have already accounted for such transactions consistent with the new requirements. These entities will not be affected by the amendments. OECD Pillar Two Rules - Co-operation top-up In May 2023, the IASB made narrow-scope amendments to IAS 12 which provide a temporary relief from the requirement to recognise and disclose deferred taxes arising from enacted or substantively enacted tax law that implements the Pillar Two model rules, including tax law that implements qualified domestic minimum top-up The amendments also require affected companies to disclose: • the fact that they have applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes • their current tax expense (if any) related to the Pillar Two income taxes, and • during the period between the legislation being enacted or substantially enacted and the legislation becoming effective, known or reasonably estimable information that would help users of financial statements to understand an entity’s exposure to Pillar Two income taxes arising from that legislation. If this information is not known or reasonably estimable, entities are instead required to disclose a statement to that effect and information about their progress in assessing the exposure. IFRS 17 - Insurance Contracts The Company does not have any contracts that meet the definition of an insurance contract under IFRS 17. SEC Climate Rules | |
Boa Vista Servicos S A [member] | ||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||
Statement of compliance | a) Statement of compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and interpretations as issued by the International Accounting Standards Board (“IASB”), except for the lack of presentation of a consolidated statements of profit or loss and other comprehensive income, changes in shareholders’ equity and cash flows and related notes for the comparative period from January 1, 2022 to August 7, 2022, as required by International Accounting Standard 1 - Presentation of Financial Statements, which constitutes a departure from IFRS as issued by the IASB. They were authorized for issue by the Company’s Management on April 18, 2024. | |
Critical Accounting Estimates and Judgments | 3 Use of judgments and estimates In the preparation of these consolidated financial statements, Management used judgments and estimates that affect the application of accounting policies of the Group, and the reported amounts of assets, liabilities, revenues and expenses. Actual results may differ from these estimates. Estimates and assumptions are reviewed on a continuous basis. Reviews of estimates are recognized on a prospective basis. a) Judgments The judgments which significantly impact the amounts recognized in the consolidated financial statements relate to: Determining the useful life of property and equipment and intangible assets: the determination of useful lives requires estimates of expected future benefits. - Notes 5.13 and 5.5. b) Uncertainties resulting from assumptions and estimates The main estimates related to the consolidated financial statements refer to: • Credit risk assessment to determine the impairment of accounts receivable: score - the internal rating calculated by the Group that assigns a probability of recovery to the customer and its accounts receivable - Notes 5.3 and 7. • Impairment test of property and equipment, intangible assets and goodwill: assumptions involved in determining the recoverable values - Notes 5.6, 11 and 12. • Provision for tax, civil and labor risks: assumptions regarding the likelihood and magnitude of the outflows of funds - Notes 5.10 and 22. • Recognition of deferred tax assets: availability of future taxable profit against which deductible temporary differences and tax losses carried forward can be utilized - Notes 5.11 and 24. • Assets held for sale: key assumptions regarding the determination of fair value less costs to sell of assets held for sale based on significant unobservable data - Notes 5.14 and 30. (i) Fair value measurement Certain of the Group’s accounting policies and disclosures require the measurement of fair value, for financial and non-financial When measuring the fair value of an asset or liability, the Group uses observable data as much as possible. Fair values are classified at different levels according to hierarchy based on information (inputs) used in valuation techniques, as follows: Level 1: Level 2: Level 3: (non-observable Additional information on the assumptions adopted in the measurement of fair values is included in Note 28 - Financial income (expenses) and Note 31 – Employee benefits. | |
Fair Value Measurements | (i) Fair value measurement Certain of the Group’s accounting policies and disclosures require the measurement of fair value, for financial and non-financial When measuring the fair value of an asset or liability, the Group uses observable data as much as possible. Fair values are classified at different levels according to hierarchy based on information (inputs) used in valuation techniques, as follows: Level 1: Level 2: Level 3: (non-observable Additional information on the assumptions adopted in the measurement of fair values is included in Note 28 - Financial income (expenses) and Note 31 – Employee benefits. | |
Functional currency | b) Functional currency These consolidated financial statements have been prepared and are presented in Reais (R$), which is the Company’s functional currency. The consolidated financial statements include the financial statements of the Company and its subsidiary, through the date the Company maintained control of the subsidiary, April 20, 2023. See Notes 1 b), 10 and 13 for further information). | |
Consolidated financial statement | c) Consolidated financial statements The Company consolidates the financial information for all entities it controls. Control is obtained when the Company has the power over the relevant activities of an entity, exposure to variability of returns from this entity and there is linkage between the power and the returns of an entity to benefit from its activities. In the consolidation, the balances and transactions between the companies were eliminated through the following procedures: (a) elimination of the balances of asset and liability accounts in the consolidated companies; and (b) elimination of the Company’s investment balances with the capital balances, reserve of retained earnings (accumulated deficit) of the subsidiaries. Subsidiaries are fully consolidated from the date on which control is transferred to the Company and deconsolidated from the date that control ceases. Balances and transactions between The Parent company’s losses are also eliminated, except in the case of impairment losses, which are recognized When the entity loses control over a subsidiary the assets and liabilities and any non-controlling When the entity loses control over a subsidiary via the contribution of that subsidiary to an existing or newly created equity-accounted investee (including a joint venture), the Company has chosen to recognize the full amount of the gain or loss resulting from the loss of control in profit or loss. If the Company maintains any interest in the former subsidiary, this interest is measured at its fair value on the date control is lost. |
Use of Judgments and Estimates
Use of Judgments and Estimates (Policies) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of changes in accounting estimates [line items] | ||
Fair Value Measurements | 1.8 Fair Value Measurements For financial assets and liabilities measured at fair value on a recurring basis, fair value is the price the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction with a market participant at the measurement date. In the absence of active markets for the identical assets or liabilities, such measurements involve developing assumptions based on market observable data and, in the absence of such data, internal information that is consistent with what market participants would use in a hypothetical transaction that occurs at the measurement date. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect our market assumptions. Preference is given to observable inputs. These two types of inputs create the following fair value hierarchy: Level 1 — Quoted prices for identical instruments in active markets. Level 2 — Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 — Significant inputs to the valuation model are unobservable. We maintain policies and procedures to value instruments using the best and most relevant data available. In addition, the Company performs reviews to assess the reasonableness of the valuations. This detailed review may include the use of a third-party valuation firm. Additional information on the assumptions adopted in the measurement of fair values is included in Note 18—Financial instruments. | |
Boa Vista Servicos S A [member] | ||
Disclosure of changes in accounting estimates [line items] | ||
Judgments | a) Judgments The judgments which significantly impact the amounts recognized in the consolidated financial statements relate to: Determining the useful life of property and equipment and intangible assets: the determination of useful lives requires estimates of expected future benefits. - Notes 5.13 and 5.5. | |
Uncertainties resulting from assumptions and estimates | b) Uncertainties resulting from assumptions and estimates The main estimates related to the consolidated financial statements refer to: • Credit risk assessment to determine the impairment of accounts receivable: score - the internal rating calculated by the Group that assigns a probability of recovery to the customer and its accounts receivable - Notes 5.3 and 7. • Impairment test of property and equipment, intangible assets and goodwill: assumptions involved in determining the recoverable values - Notes 5.6, 11 and 12. • Provision for tax, civil and labor risks: assumptions regarding the likelihood and magnitude of the outflows of funds - Notes 5.10 and 22. • Recognition of deferred tax assets: availability of future taxable profit against which deductible temporary differences and tax losses carried forward can be utilized - Notes 5.11 and 24. • Assets held for sale: key assumptions regarding the determination of fair value less costs to sell of assets held for sale based on significant unobservable data - Notes 5.14 and 30. | |
Fair Value Measurements | (i) Fair value measurement Certain of the Group’s accounting policies and disclosures require the measurement of fair value, for financial and non-financial When measuring the fair value of an asset or liability, the Group uses observable data as much as possible. Fair values are classified at different levels according to hierarchy based on information (inputs) used in valuation techniques, as follows: Level 1: Level 2: Level 3: (non-observable Additional information on the assumptions adopted in the measurement of fair values is included in Note 28 - Financial income (expenses) and Note 31 – Employee benefits. |
Material Accounting Policies (P
Material Accounting Policies (Policies) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure Of Material Accounting Policies [Line Items] | ||
Revenue recognition | 1.6 Revenue recognition The Company generates revenue through two revenue streams: i) decision services and ii) recovery services. The Company determines revenue recognition through the following steps: • identification of a contract with a customer; • identification of the performance obligation(s) in the contract; • determination of the transaction price; • allocation of the transaction price to the performance obligation(s) in the contract; and • recognition of revenue when or as the performance obligation(s) are satisfied. At contract inception, the Company assesses the services promised within each contract, determines which goods or services are performance obligations, and assesses whether each promised service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when, or as that performance obligation is satisfied. Revenue from decision services Decision services revenue is derived from subscription arrangements to the Company’s platform, a comprehensive database with features to support customers with assessment and decision-making related to their customers’ credit risk. The following is a summary of the decision services available as a feature in the Company’s platform through subscriptions: • Risk analytics - solutions based on statistical models to help companies to make more assertive and efficient business decisions. • Legacy data report - reports with recording, demographic and restrictive data. • Marketing services - intelligence to identify customers with the most adequate profile for its target. • Anti-fraud solutions – security solution for virtual stores, fintechs and payments processing industry by combating fraud in digital transactions. Subscriptions (i.e., monthly and annually) are generally determined to have one distinct performance obligation, which is access to the Company’s platform and its features, and are recognized over time, ratably, over the subscription term, as the performance obligation is satisfied. In addition, the renewal of the monthly subscription is automatic and can be canceled at any time. Prepayments In some cases, the customer prepays its annual subscription. When the customer makes a prepayment, a contract liability is recognized in the amount of such prepayment with an obligation for provision of commercial credit reporting and scoring to the customer. The realization of the contract liability and recognition of revenue occurs as the customer receives and has access to the contracted features. For prepaid contract amounts, revenue is recognized when consumed by the customer. Revenue from recovery services Recovery services revenue is derived from solutions to support customers in recovering debts. The following is a summary of the recovery services provided by the Company: • Digital solutions - Solutions for the management of creditor’s defaulting portfolios and for sending formal communications to debtors via digital vehicles, such as SMS and e-mail. • Printed solutions - Submission of printed collection letter to debtors and reports with consumers’ debt history. The Company uses its digital solutions and analysis techniques to define processes and communication flows for each customer, increasing the effectiveness of the credit recovery process (i.e., notifying the debtor and, in case of continued non-payment, Recovery services arrangements are determined to have one performance obligation, which are either the digital or the printed solutions, and are recognized over time, ratably over the contract terms as the performance obligation is satisfied based on the volume of notifications sent by month. Each notification sent to debtors corresponds to a separate service provided and is considered in the volume of notifications sent at the price contracted by the customer. The Company monitors provided recovery services by customer and issues the invoice 30 days after the service is rendered. | |
Financial Instruments | 1.7 Financial Instruments (i) Recognition and initial measurement Dividends receivable are initially recognized on the date that they were originated. All other financial assets and liabilities are initially recognized when the Company becomes a party to the contractual provisions of the instrument. A financial asset (unless it is an account receivable without a material financing component) is initially measured at fair value, plus, for an item not measured at fair value through profit or loss (FVPL), transaction costs that are directly attributable to its acquisition or issue. Accounts receivable without a significant financing component are initially measured at the price of the transaction. (ii) Classification and subsequent measurement Financial instruments At initial recognition, a financial asset is classified as measured at amortized cost, fair value through other comprehensive income (FVOCI) or fair value through profit and loss (FVPL). To determine recognition, the Company makes an assessment of the objective of the business model in which a financial asset is held at the portfolio level, since this best reflects the way the business is managed and information is provided to management. The information considered includes: • whether management’s strategy focuses on obtaining contractual interest revenue, maintaining a certain interest rate profile, matching the duration of financial assets to the duration of related liabilities or expected cash outflows, or the realization of cash flows through the sale of assets; • how the performance of the portfolio is evaluated and reported to the Company’s management; • risks that affect the performance of the business model and the manner in which those risks are managed; and • Financial assets managed and whose performance is evaluated based on fair value are measured at FVPL. The financial assets of the Company are measured at fair value through profit and loss. In 2021 and 2022 and through August 7, 2023, these assets include the investment in 9.95% of the outstanding equity of BVS which was recorded in Financial assets measured at FVPL within the Company’s Statement of Financial Position. The Company recorded the investment using a mark-to-market Also included in Financial assets at FVPL was the investment in 9.5% of the outstanding equity of Neuroanalitica Participacoes Ltda. (“Neuroanalitica”), which is not a publicly traded company and is focused on the development of automated solutions for the decision cycle. The Company recorded the investment at cost which represented the best estimate of fair value. The investment balance recorded for Nueroanalitica was R$ 2,576 as of December 31, 2022. We sold our investment in Neuroanaltica on May 12, 2023 which resulted in a gain of R$ 31,211. This gain has been recorded in other income, net. Other income, net is primarily dividend income of R$14,553 and $5,053 for the years ended December 31, 2022 and December 31, 2021 respectively Financial assets at amortized cost - These assets are subsequently measured at amortized cost using the effective interest rate method. Amortized cost is reduced for impairment losses. Interest revenue, foreign exchange gains and losses, and impairment losses are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. All financial assets not classified as measured at amortized cost, as described above, are classified at FVPL. This includes cash and cash equivalents, and our investment in the equity of BVS. Upon initial recognition, the Company may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost at FVPL if this would significantly eliminate or reduce an accounting mismatch that would otherwise arise. Financial liabilities - Financial liabilities are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method. Interest expense is recognized in profit or loss. Any gain or loss on derecognition is also recognized in profit or loss. (iii) Derecognition Financial assets The Company derecognizes a financial asset when the contractual rights to the cash flows expire, or when the Company transfers the rights to receive the contractual cash flows in a transaction in which substantially all risks and benefits of owning the financial asset are transferred or in which the Company neither substantially transfers nor maintains all risks and benefits of owning the financial asset and it does not retain control over the financial asset. Financial liabilities The Company derecognizes a financial liability when its contractual obligations are discharged, canceled or expired. The Company also derecognizes a financial liability when terms are modified, and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. On derecognition of a financial liability, the difference between the carrying amount and the consideration paid (including any non-cash | |
Impairment | 1.9 Impairment (i) Non-derivative Financial instruments and contractual assets The Company recognizes provisions for expected credit losses on financial assets measured at amortized cost under the simplified approach. When estimating expected credit losses, the Company considers reasonable and supportable information that is relevant and available without undue cost or effort. This includes quantitative and qualitative information and analysis, based on the Company’s historical experience, credit assessment and considering forward-looking information. The Company uses a “provision matrix” to calculate expected losses for its trade receivables. The provision matrix is based on the percentages of historical loss observed over the expected life of the receivables and is adjusted for specific customers according to score (percentage that represents the statistical calculation produced internally that considers future estimates and qualitative factors, such as capacity debtor’s financial situation). These qualitative factors are monitored monthly by the Company’s treasury. Historical loss percentages and scores are reviewed whenever a significant event occurs with indications that there may be a significant change in these percentages. For customers with a delinquency of less than or greater than 90 days, but with a high probability of recovery, the Company’s historical recovery percentages are applied. The score is applied to customers who have been in default for more than 90 days and have a low probability of recovery. The provision for losses for financial assets measured at amortized cost is deducted from the gross carrying value of the assets. The gross carrying value of a financial asset is written down when the Company has no reasonable expectation of recovering the financial asset in full or in part. The Company does not expect any significant recovery of the written-off | |
Intangible assets | 1.11 Intangible assets Separately acquired intangible assets with a defined useful life are recorded at cost, less accumulated amortization and impairment losses. Amortization is recognized on a straight-line basis, according to the estimated useful lives of the assets. The estimated useful lives and the amortization method are reviewed annually, and the effects of any changes in estimates are recorded prospectively. Intangible assets with indefinite useful lives are not amortized, but are tested annually for impairment. Database Intangible assets include expenditures for databases, mainly from registry offices, to create products offered by the Company to its customers. These assets are amortized under the straight-line method, whose useful life is based on the legal period for the disclosure of such information, of five years and seven years depending on the nature of the data. Trademarks Separately acquired trademarks are stated at historical cost. Trademarks acquired in a business combination are recognized at fair value on the acquisition date and are amortized over two years. Software Licenses acquired for computer programs that are capitalized based on costs incurred and amortized over their useful life. Expenditures associated with software development are capitalized and amortized over their estimated useful lives or maintenance are recognized as expenses when incurred. Customer portfolio Relationships with customers acquired in business combinations represent important access to a specific market for market participants as well as a barrier to competitors. Non-compete Non-compete | |
Impairment of Non-financial assets | 1.14 Impairment of Non-financial On each reporting date, the Company reviews the carrying amounts of its non-financial For impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or cash generating units (“CGUs”). Goodwill and intangible assets with indefinite useful lives arising from a business combination are allocated to CGUs or groups of CGUs that are expected to benefit from the synergies of the combination. As of December 31, 2023 we have one CGU. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs of disposal. Value-in-use pre-tax An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. They are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis. An impairment loss in respect of goodwill is not reversed. For other assets, an impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognized. | |
Cash and Cash Equivalents | 1.15 Cash and Cash Equivalents Cash and cash equivalents include cash in hand, cash at banks, deposits held at call with financial institutions and other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. | |
Interest in joint venture | 1.16 Interest in joint venture A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. The aggregate of the Company’s share of profit or loss of a joint venture is shown on the face of the consolidated statement of profit or loss and other comprehensive income outside operating profit and represents profit or loss after tax and non-controlling Interests in joint ventures are accounted for using the equity method, after initially being recognised at cost in the consolidated statement of financial position. Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize the Company’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Company’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from joint ventures are recognized as a reduction in the carrying amount of the investment. Where the Company’s share of losses in an equity method investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Company does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealized gains on transactions between the Company and its joint ventures are eliminated to the extent of the Company’s interest in these entities. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Company. | |
Business combination and goodwill | 1.17 Business combination and goodwill The Company uses the acquisition method to account for business combinations. The cost of an acquisition is measured as the sum of the consideration transferred, which is measured at the acquisition-date fair value. Costs directly attributable to the acquisition are expensed as incurred. When acquiring a business, the Company evaluates the financial assets acquired and liabilities assumed to classify them according to the contractual terms, the economic circumstances and the applicable conditions on the date of acquisition. Goodwill corresponds to the value paid in excess of the assets acquired and liabilities assumed at fair value, resulting from the expectation of future profitability and supported by economic and financial studies that were the basis for the purchase price of the business. Goodwill is measured at cost, less accumulated impairment losses. It is tested for impairment annually, or more frequently if there is indication that the Cash-Generating Unit may be impaired. Goodwill arising on acquisition of subsidiaries is recognized in intangible assets. | |
Provision for tax, civil and labor risks | 1.18 Provisions Provisions are recognized for present obligations (legal or constructive) resulting from past events, in which it is possible to estimate the amounts reliably and whose settlement is likely. The amount recognized as a provision is the best estimate of the consideration required to settle the obligation at the end of each year, considering the risks and uncertainties related to the obligation. The determination of the probability of loss includes the assessment of available evidence, the hierarchy of laws, the available jurisprudence, the most recent court decisions and their relevance in the legal system, as well as the assessment of the Company’s internal and external lawyers. In the case of civil contingencies, the provision is made according to the number of active lawsuits regardless of their likelihood of loss, multiplied by the historical average loss value of the lawsuits. A contingent liability recognized in a business combination is initially measured at fair value. Subsequently, it is measured by the higher of the value that would be recognized in accordance with the requirements of provisions above or the amount initially recognized less (when appropriate) the accumulated amortization recognized. | |
Income tax and social contribution | 1.20 Income Tax Income tax expense represents the sum of our current and deferred taxes. Current and deferred income tax expense are calculated based on the rates of 15% plus a surcharge of 10% on taxable income in excess of R$240,000 (R$20,000 per month) for income tax and 9% on taxable income for social contribution on net income, and consider the offsetting of tax losses, limited to 30% of the taxable income for the year. Current and deferred taxes are recognized in profit or loss. Current income tax Current tax expense is the tax payable or receivable on the taxable income or loss for the year and any adjustments to taxes payable in relation to prior years. The amount of current taxes payable or receivable is recognized in the Statements of Financial Position as a tax asset or liability under the best estimate of the expected amount of taxes to be paid or received reflecting the uncertainties related to its calculation, if any. It is measured based on tax rates enacted at the reporting date. Current tax assets and liabilities are offset only if certain criteria are met. Deferred income tax Deferred tax assets and liabilities are recognized in relation to the temporary differences between the book values of assets and liabilities for financial statement purposes and the related amounts used for taxation purposes. The changes in deferred tax assets and liabilities for the year are recognized as deferred income tax expense. Deferred tax is not recognized for temporary differences on the initial recognition of assets and liabilities in a transaction that is not a business combination, and that does not affect the taxable or accounting profit or loss; or taxable temporary differences arising from the initial recognition of goodwill. A deferred tax asset is recognized in relation to the unused tax losses and deductible temporary differences to the extent that it is probable that future taxable income will be available to be used to offset such amounts. Future taxable income is determined based on the reversal of relevant taxable temporary differences. If the amount of the taxable temporary differences is insufficient to fully recognize a deferred tax asset, the future taxable income, adjusted for reversals of the existing temporary differences, is considered, based on the Company’s business plans. Deferred tax assets are reviewed at each reporting date and reduced when their realization is no longer probable. Deferred tax assets and liabilities are measured at tax rates expected to be applied to temporary differences when they are reversed, based on rates enacted or substantively enacted up to reporting date. The measurement of deferred tax assets and liabilities reflects the tax consequences of how the Company expects to recover or settle its assets or liabilities. Deferred tax assets and liabilities are offset only if (a) the Company has a legal right to offset current tax assets against current tax liabilities; and (b) the deferred tax assets and liabilities are related to income taxes levied by the same tax authority. | |
Dividends and interest on net equity ("INE") | 1.21 Dividends and interest on net equity (“INE”) The proposal for distribution of dividends made by the Company’s board of directors that is within the portion equivalent to the minimum mandatory dividends is recorded in current liabilities, as “Dividends payable”, since it is considered a legal obligation established in the Company’s bylaws. Shareholders are entitled to minimum mandatory dividends of 25% of the net income for each year, adjusted in accordance with the legislation in force unless the board of directors determines the distribution would be incompatible with the current financial situation. The distribution of dividends and interest on net equity to the Company’s shareholders is recognized as a liability payable of the Company at the end of the year, based on the Company’s bylaws. | |
Boa Vista Servios S.A [Member] | ||
Disclosure Of Material Accounting Policies [Line Items] | ||
Revenue recognition | 5.1 Revenue recognition The Group generates revenue through two revenue streams: i) decision services and ii) recovery services. The Group determines revenue recognition through the following steps: • identification of a contract with a customer; • identification of the performance obligation(s) in the contract; • determination of the transaction price; • allocation of the transaction price to the performance obligation(s) in the contract and; • recognition of revenue when or as the performance obligation(s) are satisfied. At contract inception, the Group assesses the services promised within each contract, determines which goods or services are performance obligations, and assesses whether each promised service is distinct. The Group then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when, or as that performance obligation is satisfied. 5.1.1 Revenue from decision services Decision services revenue is derived from subscription arrangements to the Group’s platform, a comprehensive database with features to support customers with assessment and decision-making related to their customers credit risk. The following is a summary of the decision services available as a feature in the Group’s platform through subscriptions: • Risk analytics - solutions based on statistical models to help companies to make more assertive and efficient business decisions. • Legacy data report - reports with recording, demographic and restrictive data. • Marketing services - intelligence to identify customers with the most adequate profile for its target. • Anti-fraud solutions – security solution for virtual stores, fintechs and payments processing industry by combating fraud in digital transactions. Subscriptions (i.e., monthly and annually) are generally determined to have one distinct performance obligation, which is access to the Group’s platform and its features, and are recognized over time, ratably, over the subscription term, as the performance obligation is satisfied. In addition, the renewal of the monthly subscription is automatic and can be canceled at any time. The renewal of the annual subscription is not automatic, and customers who terminate their subscription earlier than the contracted period pay a penalty fee of 30% of the amount to be paid by the end of the contract. Prepayments In some cases, the customer prepays its annual subscription. When the customer makes a prepayment, a contract liability is recognized in the amount of such prepayment with an obligation for provision of commercial credit reporting and scoring to the customer. The realization of the contract liability and recognition of revenue occurs as the customer receives and has access to the contracted features. For prepaid contract amounts, the unused balance is recognized when there is no more right of consumption by the customer. 5.1.2 Revenue from recovery services Recovery services revenue is derived from solutions to support customers in recovering debts. The following is a summary of the recovery services provided by the Group: • Digital solutions - Solutions for the management of creditor’s defaulting portfolios and for sending formal communications to debtors via digital vehicles, such as SMS and e-mail. • Printed solutions - Submission of printed collection letter to debtors and reports with consumers’ debt history. The Group uses its digital solutions and analysis techniques to define processes and communication flows for each customer, increasing the effectiveness of the credit recovery process (i.e., notifying the debtor and, in case of continued non-payment, Recovery services arrangements are determined to have one performance obligation, which are either the digital or the printed solutions, and are recognized over time, ratably over the contract terms as the performance obligation is satisfied based on the volume of notifications sent by month. Each notification sent to debtors corresponds to a separate | |
Financial Instruments | 5.2 Financial instruments Recognition and initial measurement Trade receivables and debt securities issued are initially recognized on the date that they were originated. All other financial assets and liabilities are initially recognized A financial asset (unless it is an account receivable without a material financing component) or a financial liability is initially measured at fair value, plus, for an item not measured at FVTPL (fair value through profit or loss), transaction costs that are directly attributable to its acquisition or issuance. Accounts receivable without a significant financing component are initially measured at the price of the (i) Classification and subsequent measurement Financial assets At initial recognition, a financial asset is classified as measured: at amortized cost or at FVTPL. A financial asset is classified and measured at amortized cost or fair value through other comprehensive income only if it generates cash flows related “solely to payments of principal and interest” on the principal amount outstanding. This assessment is carried out at the instrument level. Financial assets with cash flows that are not solely principal and interest payments are classified and measured at fair value through profit or loss, regardless of the business model adopted. The Group’s business model for managing financial assets refers to how it manages its financial assets to generate cash flows. The business model determines whether cash flows will result from the collection of contractual cash flows, the sale of financial assets, or both. Financial assets classified and measured at amortized cost are maintained in the business plan with the objective of maintaining financial assets in order to obtain contractual cash flows, whereas financial assets classified and measured at fair value through other comprehensive income are maintained in the business model with the objective of obtaining contractual cash flows and also for the purpose of sale. The Group makes an assessment of the objective of the business model in which a financial asset is held at the portfolio level, since this best reflects the way, the business is managed and information is provided to management. The information considered includes: Whether management’s strategy focuses on earning contractual interest income, maintaining a particular interest rate profile, matching the duration of financial assets to the duration of any related liabilities or expected cash outflows, or realizing cash flows through the sale of the assets. How the performance of the portfolio is evaluated and reported to the Group’s management. Risks that affect the performance of the business model and the manner in which those risks are managed; and Financial assets managed and whose performance is evaluated based on fair value are measured at FVTPL. Financial assets at FVTPL These assets are subsequently measured at fair value. Net income, including interest, is recognized in profit or loss. Financial assets at amortized cost These assets are subsequently measured at amortized cost using the effective interest rate method. Amortized cost is reduced for impairment losses. Interest revenue, foreign exchange gains and losses, and impairment losses are recognized in profit or loss. Any gain or loss on derecognition is recognized in profit or loss. All financial assets not classified as measured at amortized cost, as described above, are classified at FVTPL. This includes cash and cash equivalents, and derivatives (see Note 30). Upon initial recognition, the Group may irrevocably designate a financial asset that otherwise meets the requirements to be measured at amortized cost or at FVTPL if this would significantly eliminate or reduce an accounting mismatch that would otherwise arise. Financial liabilities - classification, subsequent measurement and gains and losses Financial liabilities are recognized initially at their fair value and subsequently measured at amortized cost using the effective interest method. Interest expense, and foreign exchange gains and losses are recognized in profit or loss. Any gain or loss on derecognition is also recognized in profit or loss. (ii) Derecognition Financial assets The Group derecognizes a financial asset when the contractual rights to the cash flows expire, or when the Group transfers financial Financial liabilities The Group derecognizes a financial liability when its contractual obligations are discharged or canceled or expires. The Group also derecognizes a financial liability when terms are modified, and the cash flows of the modified liability are substantially different, in which case a new financial liability based on the modified terms is recognized at fair value. On derecognition of a financial liability, the difference between the carrying amount and the consideration paid (including any non-cash | |
Impairment | 5.3 Impairment (i) Non-derivative Financial instruments and contract assets The Group recognizes provisions for expected credit losses on financial assets measured at amortized cost under the simplified approach. When estimating expected credit losses, the Group considers reasonable and supportable information that is relevant and available. This includes quantitative and qualitative information and analysis, based on the Group’s historical experience, credit assessment, and also considers forward-looking information. The Group uses an allowance calculation matrix to calculate the expected credit loss for accounts receivable. The allowance matrix is based on the historical loss percentages observed over the expected life of the receivables and is adjusted for specific customers, according to the score (percentage from an internally produced statistical calculation that considers future estimates and qualitative factors such as the financial capacity of debtor – “Low Score”). These qualitative factors are monitored monthly by the Group’s treasury department. Historical loss percentages and scores are reviewed whenever any significant event occurs, with indications that there may be a significant change in these percentages. For customers in default with high probability of recovery the company applies the historical recovery percentages in order to calculate the allowance for these particular customers. For customers in default Provision for losses for financial assets measured at amortized cost are deducted from the gross carrying amount of the assets. The gross carrying amount of a financial asset is written off when the Group has no reasonable expectation of recovering the financial asset in full or in part. The Group does not expect any significant recovery of amounts written off. However, financial assets written off may still be subject to credit collection, in compliance with procedures of the Group for the recovery of the amounts due. | |
Employee benefits | 5.4 Employee benefits (i) Short-term employee benefits Obligations for short-term employee benefits are recognized as personnel expenses as the related service is provided. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in future payments is available. The Company offers to its employees a defined-contribution pension plan, called Boa Vista Prev., managed by Bradesco Vida e Previdência, whose monthly contributions are made in part by the employees and part by the Company. The plan was implemented on November 1, 2011 and modified in 2015. (ii) Share-based payment plans The fair value of share-based payments is calculated on the grant date, and recognized as personnel expenses, with a corresponding increase in shareholders’ equity, over the period when employees become unconditionally entitled to the awards. The amount recognized as an expense is adjusted to reflect the actual number of awards for which the related service and performance conditions will be met, so that the amount ultimately recognized as an expense is based on the number of awards meeting the services and performance conditions on vesting date. | |
Intangible assets | 5.5 Intangible assets They correspond to the acquired rights related to intangible assets and are comprised as following: Intangible assets acquired separately Separately acquired intangible assets with a defined useful life are recorded at cost, less accumulated amortization and impairment losses. Amortization is recognized on a straight-line basis, according to the estimated useful lives of the assets. The estimated useful lives and the amortization method are reviewed annually, and the effects of any changes in estimates are recorded prospectively. Intangible assets with indefinite useful lives are not amortized, but are tested annually for impairment, individually or in the level of the Cash Generating Unit (CGU). a. Database Intangible assets include expenditures for databases, mainly from registry offices, to create products offered by the Group to its customers. These assets are amortized under the straight-line method, whose useful life is based on legal period for the disclosure of such information, of five years. b. Trademarks Separately acquired trademarks are stated at historical cost. Trademarks acquired in a business combination are recognized at fair value on the acquisition date and are not amortized over time. c. Software Refers to licenses acquired for computer programs that are capitalized based Software acquired in a business combination is recognized at fair value on the acquisition date and its respective amortization is carried out in accordance with the estimated useful life of the intangible asset. d. Relationship with customers acquired in business combination Relates to relationships with customers acquired in business combination representing important access to a specific market for any market participant as well as a barrier to competitors. e. Non-compete It refers to a non-compete Amortization Amortization is calculated using the straight-line method based on the estimated useful lives of each asset. Amortization is recognized in profit or loss. Estimated useful lives are as follows: Useful life - years Database 5 Software 5 to 8 Relationship with customers acquired in business combination 17 Non-compete 15 Amortization methods, useful lives and residual values are reviewed at each reporting date and adjusted if appropriate. Product development costs Expenditures with internal projects related to the structuring and development of products. They are classified as “Internally developed products” when the product is ready for sale. However, products that are still under development are classified as “Intangible assets in progress”. Directly attributable expenses with the development of projects linked to technological innovations are capitalized when all of the following aspects are met: • Technical feasibility can be demonstrated to complete the asset in such a way that it is made available for use; • The Group has the intention and ability to complete the intangible asset and use it; • It is possible to demonstrate how the intangible asset will generate future economic benefits; • The Group has the ability to reliably measure the expenditures attributable to the intangible asset during its development. • The Group can demonstrate the availability of adequate technical, financial and other resources to complete the development. Capitalized expenditures, when the aforementioned criteria are met, include labor costs that are directly attributable to the preparation of this asset. Development activities involve a plan or project aimed at producing new products and/or improvements. Following initial recognition, the asset is carried at cost less any accumulated amortization and any impairment losses. Amortization begins when development is completed and the asset is available for use for the period of the future economic benefits. The useful life of development assets reflects the period of financial return of each project, which is estimated between two and five years. During the development period, the recoverable value of the asset is tested annually. | |
Impairment of Non-financial assets | 5.6 Impairment of Non-financial On each reporting date, the Group reviews the carrying amounts of its non-financial determine For impairment testing, assets are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGUs. Goodwill and intangible assets with indefinite useful life arising from a business combination are allocated to CGUs or groups of CGUs that are expected to benefit from the synergies of the combination. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs of disposal. Value-in-use pre-tax An impairment loss is recognized if the carrying amount of an asset or CGU exceeds its recoverable amount. Impairment losses are recognized in profit or loss. They are allocated first to reduce the carrying amount of any goodwill allocated to the CGU, and then to reduce the carrying amounts of the other assets in the CGU on a pro rata basis. An impairment loss in respect of goodwill is not reversed. For other assets, an impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation | |
Cash and Cash Equivalents | 5.7 Cash and cash equivalents For the purposes of the statement of cash flows, includes cash and cash equivalents that are represented by cash, with maturities of 90 days or less at time of acquisition, which are readily convertible into known amounts of cash and are subject to immaterial risk of change in fair value. | |
Interest in joint venture | 5.8 Interest in joint venture A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when The aggregate of the Group’s share of profit or loss of a joint venture is shown on the face of the consolidated statement of profit or loss and other comprehensive income outside operating profit. Interests in joint ventures are accounted for using the equity method, after initially being recognised at cost in the consolidated statement of financial position. Under the equity method of accounting, the investments are initially recognized at cost and adjusted thereafter to recognize the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from joint ventures are recognized as a reduction in the carrying amount of the investment. Where the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealized gains on transactions between the Group and its joint venture are eliminated to the extent of the Group’s interest in these entities. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group. | |
Business combination and goodwill | 5.9 Business combination and goodwill The Group uses the acquisition method to account for business combinations. The cost of an acquisition is measured as the sum of the consideration transferred, which is measured at the acquisition-date fair value. Costs directly attributable to the acquisition are expensed as incurred. When acquiring a business, the Group evaluates the financial assets acquired and liabilities assumed to classify them according to the contractual terms, the economic circumstances and the applicable conditions on the date of acquisition. Goodwill corresponds to the value paid in excess of the carrying amount of investments acquired at fair value, resulting from the expectation of future profitability and supported by economic and financial studies that were the basis for the purchase price of the business. Goodwill is measured at cost, less accumulated impairment losses. It is tested for impairment annually, or more frequently if there is indication that the Cash-Generating Unit may be impaired. Goodwill arising on acquisition of subsidiaries is recognized in intangible assets. | |
Provision for tax, civil and labor risks | 5.10 Provision for tax, civil and labor risks Provisions for tax, civil and labor risks are recognized for present obligations (legal or deemed) resulting from past events, in which it is possible to estimate the amounts reliably and whose settlement is likely. Provisions are monetarily restated up to the end of the reporting period to cover losses, based on the nature of the risk and the Group’s assessment of probable outflow of resources embodying economic benefits required to settle such obligations. The amount recognized as a provision is the best estimate of the considerations required to settle the obligation at the end of each year, considering the risks and uncertainties related to the obligation. The probability of loss for labor and tax contingencies includes the assessment of available evidence, the hierarchy of laws, the available jurisprudence, the most recent court decisions and their relevance in the legal system, as well as the assessment of the Group’s internal and external lawyers. In the case of civil contingencies, the provision is made according to the number of active lawsuits regardless of their likelihood of loss, multiplied by the historical average loss value of the lawsuits. A contingent liability recognized in a business combination is initially measured at fair value. After initial recognition and until the liability is settled, cancelled or expires, it is measured by the higher of the value that would be recognized in accordance with the requirements of provisions above or the amount initially recognized less, if appropriate, the cumulative amount of income recognized for according to revenue recognition requirements. | |
Income tax and social contribution | 5.11 Income tax and social contribution The income tax and social contribution expense represents the sum of the current and deferred taxes. The income tax and social contribution amounts, both current and deferred, are calculated based on the rates of 15% plus a surcharge of 10% on taxable income in excess of R$240 (R$20 per month) for income tax and 9% on taxable income for social contribution on net income, and consider the offsetting of tax losses, limited to 30% of the taxable income for the year. Current and deferred taxes are recognized in profit or loss, except to the extent that it relates to items recognized in other comprehensive income or directly in equity (i.e. share issuance costs). (i) Current income tax and social contribution Current tax expense is the tax payable or receivable on the taxable income or loss for the year and any adjustments to taxes payable in relation to prior years. The amount of current taxes payable or receivable is recognized in the (ii) Deferred income tax and social contribution Deferred tax assets and liabilities are recognized in relation to the temporary differences between the book values of assets and liabilities for consolidated financial statement purposes and the related amounts used for taxation purposes. The changes in deferred tax assets and liabilities for the year are recognized as deferred income tax and social contribution expense. Deferred tax is not recognized for temporary differences on the initial recognition of assets and liabilities in a transaction that is not a business combination, and that does not affect the taxable or accounting profit or loss; and taxable temporary differences arising from the initial recognition of goodwill A deferred tax asset is recognized in relation to the unused tax losses and deductible temporary differences to the extent that it is probable that future taxable income will be available to be used to offset such amounts. Future taxable income is determined based on the reversal of relevant taxable temporary differences. If the amount of the taxable temporary differences is insufficient to fully recognize a deferred tax asset, the future taxable income, adjusted for reversals of the existing temporary differences, is considered, based on the Group’s business plans. Deferred tax assets are reviewed at each reporting date and reduced when their realization is no longer probable. Deferred tax assets and liabilities are measured at tax rates expected to be applied to temporary differences when they are reversed, based on rates enacted up to reporting date. The measurement of deferred tax assets and liabilities reflects the tax consequences of how the Group expects to recover or settle its assets or liabilities. Deferred tax assets and liabilities are offset only if (a) the Group has a legal right to offset current tax assets against current tax liabilities; and (b) the deferred tax assets and liabilities are related to income taxes levied by the same tax authority. | |
Dividends and interest on net equity ("INE") | 5.12 Dividends and interest on net equity (“INE”) The proposal for distribution of dividends made by the Group’s management that is within the portion equivalent to the minimum mandatory dividends is recorded in current liabilities, as “Dividends payable”, since it is considered a legal obligation established in the Group’s bylaws. Shareholders are entitled to minimum mandatory dividends of 25% of the net income for each year, adjusted in accordance with the legislation in force. The distribution of dividends and interest on net equity to the Group’s shareholders is recognized as a liability payable of the Group at the end of the year, based on the Group’s bylaws. Any amount above the minimum mandatory is only provisioned on the date that it is approved by the shareholders, at the General Meeting. | |
Property and equipment | 5.13 Property and equipment Property and equipment is stated at historical acquisition cost, net of accumulated depreciation and impairment losses. Depreciation begins when the assets are ready for their intended use. Depreciation is calculated to reduce the cost of items of property and equipment, net of their estimated residual values, using the straight-line method based on the estimated useful lives of such items. Depreciation is recognized in profit or loss. Leased assets are depreciated over the shorter of the estimated useful life of the asset and the contractual term, unless it is certain that the Group will become the owner of the asset at the end of the lease term. The estimated useful lives of the property and equipment are as follows: Useful life - Leasehold improvements 10 Machinery and equipment 10 Facilities 10 Furniture and fixtures 10 IT equipment 5 Right of use of real estate 10 An item of property and equipment is derecognized after disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal of an item of property and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognized in profit or loss. | |
Assets held for sale | 5.14 Assets held for sale Assets, or disposal groups comprising assets and liabilities, are classified as held-for Such assets, or disposal groups, are generally measured at the lower of their carrying amount and fair value less costs to disposal. Any impairment loss on a disposal group is allocated first to goodwill, and then to the remaining assets and liabilities on a pro rata basis, except that no loss is allocated to inventories, financial assets, deferred tax assets, employee benefit assets, investment property or biological assets, which continue to be measured in accordance with the Group’s other accounting policies. Impairment losses on initial classification as held-for-sale Once classified as held-for-sale, | |
New standards, amendments and interpretations to standards issued but not yet effective | 5.15 New standards, amendments and interpretations to standards issued but not yet effective A number of new accounting standards are effective for annual A. Classification of Liabilities as Current or Non-Current Non-Current The amendments, as issued in 2020 and 2022, aim to clarify the requirements on determining whether a liability is current or non-current, non-current amendments B. Other accounting standards The following new and amended accounting standards are not expected to have a significant impact on the Group’s consolidated financial statements. • Supplier Finance Arrangements (Amendments to IAS 7 and IFRS 7) • Lease liability in a Sale and Leaseback (Amendments to IFRS 16) • Lack of Exchangeability (Amendments to IAS 21) • Sale or Contribution of Assets between an investor and its Associate or Joint Venture (Amendments to IFRS 10 and IAS 28) | |
New standards and Amendments | 5.16 New standards and Amendments There are a number of new or amended standards are mandatorily effective for an accounting period that began after January 1, 2023. Their adoption has not had any impact on the disclosures or on the amounts reported in these consolidated financial statements. A. Disclosure of accounting policies – Amendment to IAS 1 and IFRS Practice Statement 2 The IASB amended IAS 1 Presentation of Financial Statements to require entities to disclose their material rather than their significant accounting policies. The amendments define what is ‘material accounting policy information’ (being information that, when considered together with other information included in an entity’s financial statements, can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements) and explain how to identify when accounting policy information is material. They further clarify that immaterial accounting policy information does not need to be disclosed. If it is disclosed, it should not obscure material accounting information. To support this amendment, the IASB also amended IFRS Practice Statement 2 Making Materiality Judgements to provide guidance on how to apply the concept of materiality to accounting policy disclosures. B. Definition of Accounting Estimates – Amendments to IAS 8 The amendment to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors clarifies how companies should distinguish changes in accounting policies from changes in accounting estimates. The distinction is important, because changes in accounting estimates are applied prospectively to future transactions and other future events, whereas changes in accounting policies are generally applied retrospectively to past transactions and other past events as well as the current period. C. Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to IAS 12 The amendments to IAS 12 Income Taxes require companies to recognize deferred tax on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences, and will require the recognition of additional deferred tax assets and liabilities. The amendment should be applied to transactions that occur on or after the beginning of the earliest comparative period presented. In addition, entities should recognise deferred tax assets (to the extent that it is probable that they can be utilised) and deferred tax liabilities at the beginning of the earliest comparative period for all deductible and taxable temporary differences associated with: • right-of-use • decommissioning, restoration and similar liabilities, and the corresponding amounts recognised as part of the cost of the related assets. The cumulative effect of recognising these adjustments is recognised in the opening balance of retained earnings, or another component of equity, as appropriate. IAS 12 did not previously address how to account for the tax effects of on balance sheet leases and similar transactions and various approaches were considered acceptable. Some entities may have already accounted for such transactions consistent with the new requirements. These entities will not be affected by the amendments. D. OECD Pillar Two Rules In December 2021, the Organisation for Economic Co-operation top-up In May 2023, the IASB made narrow-scope amendments to IAS 12 which provide a temporary relief from the requirement to recognise and disclose deferred taxes arising from enacted or substantively enacted tax law that implements the Pillar Two model rules, including tax law that implements qualified domestic minimum top-up The amendments also require affected companies to disclose: • the fact that they have applied the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes • their current tax expense (if any) related to the Pillar Two income taxes, and • during the period between the legislation being enacted or substantially enacted legislation E. IFRS 17 Insurance Contracts IFRS 17 outlines a general model, which is modified for insurance contracts with direct participation features, described as the variable fee approach. The general model is simplified if certain criteria are met by measuring the liability for remaining coverage using the premium allocation approach. The general model uses current assumptions to estimate the amount, timing and uncertainty of future cash flows and it explicitly measures the cost of that uncertainty. It takes into account market interest rates and the impact of policyholders’ options and guarantees. The Group does not have any contracts that meet the definition of an insurance contract under IFRS 17. |
Operations (Tables)
Operations (Tables) | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Disclosure of joint ventures [line items] | |
Summary of Detailed Information of Joint Ventures | At the closing date, considering the first contribution by RV, the ownership interest (i) of the Company was 55% of the total capital, being 50% of the voting shares and 100% of the preferred shares, and (ii) of RV was 45% of the total capital, equivalent to 50% of the voting shares, as follows: Ordinary shares Preferred shares Total Quantity % Quantity % participation (%) Boa Vista 161,000,000 50 35,000,000 100 55 RV 161,000,001 50 — — 45 Total 322,000,001 100 35,000,000 100 100 |
Description of Business, and _3
Description of Business, and Basis of Presentation and Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of detailed information about intangible assets [abstract] | |
Summary of Estimated Useful Lives | Estimated useful lives are as follows: Useful life - Trademark 2 Database 5 - 7 Software 5 Customer portfolio 10 Non-compete 15 |
Business Combinations (Tables)
Business Combinations (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure Of Detailed Information Of Acquired Assets And Assumed Liabilities At The Date Of The Acquisition [Abstract] | |
Summary of Acquired Assets and Assumed Liabilities at the Date of the Acquisition | The valuation of acquired assets and assumed liabilities at the date of the acquisition, include the following: Net assets acquired Amount (In thousands) Cash and cash equivalents R$ 1,172,874 Trade accounts receivable and other current assets 172,054 Other assets, net 240,292 Purchased intangible assets 1,182,628 Goodwill 1,994,493 Total assets acquired 4,762,341 Total liabilities assumed (522,344 ) Net assets acquired R$ 4,239,997 |
Summary of Fair Value of Consideration Exchange | The following table summarizes the fair value of consideration exchanged to complete the acquisition of BVS: Fair value of consideration Amount (In thousands) Cash transferred (1) R$ 2,489,994 Equifax do Brasil common shares issued (2) 863,779 Equifax Brazilian Depositary Receipts (“Equifax BDRs”) issued (3) 465,319 Fair value of 9.95% investment 420,905 Total value of consideration R$ 4,239,997 (1) The cash transferred represents the actual cash transferred as part of the transaction. (2) The fair value of the 2,171,613 Equifax do Brasil common shares issued was determined based on the offer price for the outstanding BVS shares. (3) One Equifax BDR represents one share of Equifax Inc. common stock. The fair value of the 479,725 Equifax BDRs issued was determined based on the share price of Equifax Inc. as of August 7, 2023. |
Revenue (Tables)
Revenue (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Summary of Detailed Information of Revenue from Rendering Services | (In thousands) December 31, 2023 Decision services R$ 298,211 Recovery services R$ 61,533 Tax (10.86%) (39,368 ) Total Net Revenue R$ 320,376 | |
Boa Vista Servicos S A [member] | ||
Disclosure of disaggregation of revenue from contracts with customers [line items] | ||
Summary of Disaggregation of Revenue from Contracts with Customers | Disaggregation of revenue from contracts with customers The Group’s disaggregated revenue for the period from January 1, 2023 to August 7, 2023 and for the year ended December 31, 2022 were as follows: August 7, December 31, December 31, Decision services Risk analytics 278,805 473,030 417,953 Legacy data report 80,142 144,064 145,181 Marketing services 24,265 45,030 38,922 Anti-fraud solutions 16,382 31,252 16,629 Consumer services 12,797 45,733 29,556 Recovery services Digital solutions 60,492 90,435 58,855 Printed solutions 21,732 42,749 44,186 494,615 872,293 751,282 Timing of revenue recognition Services transferred over time 494,615 872,293 751,282 |
Costs of Services Rendered, S_2
Costs of Services Rendered, Selling Expenses, General and Administrative Expenses by Nature (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of attribution of expenses by nature to their function [line items] | ||
Summary of Nature of Expenses and Cost of Services | We present below the details of expenses by nature: (In thousands) Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 Nature Salaries, benefits and charges R$ (90,968 ) R$ (152 ) R$ (134 ) Technology services (22,187 ) — — Maintenance (18,737 ) — — Communications and other variable costs (11,481 ) — — Consulting, auditing and legal (22,706 ) (1,080 ) (1,735 ) Commissions (6,380 ) — — Sales and marketing (5,171 ) — — Depreciation and amortization (74,391 ) — — Impairment losses on non-financial (2,033 ) — — Expected credit losses on accounts receivable 266 — — Others 125 (2,121 ) (1,119 ) Total R$ (253,663 ) R$ (3,353 ) R$ (2,988 ) Classified as: Cost of services rendered R$ (147,359 ) R$ — R$ — Selling expenses (30,595 ) — — General and administrative expenses (75,709 ) (3,353 ) (2,988 ) Total R$ (253,663 ) R$ (3,353 ) R$ (2,988 ) | |
Boa Vista Servicos S A [member] | ||
Disclosure of attribution of expenses by nature to their function [line items] | ||
Summary of Nature of Expenses and Cost of Services | We present below the details of expenses by nature: Period ended Year ended Year ended Nature Salaries, benefits and charges (159,818 ) (261,528 ) (188,116 ) Technology services (29,479 ) (41,503 ) (63,025 ) Maintenance (26,113 ) (44,568 ) (45,803 ) Communications and other variable costs (18,146 ) (42,393 ) (54,033 ) Consulting, auditing and legal (63,168 ) (39,714 ) (31,909 ) Commissions (9,458 ) (14,948 ) (13,742 ) Sales and marketing (7,427 ) (10,192 ) (11,204 ) Depreciation and amortization (115,345 ) (195,583 ) (188,235 ) Impairment losses on non-financial (*) — — (23,360 ) Expected credit losses on accounts receivable (3,477 ) (815 ) (1,506 ) Others (11,894 ) (5,467 ) (14,922 ) Total (444,325 ) (656,711 ) (635,855 ) Classified as: Cost of services rendered (228,167 ) (369,293 ) (368,952 ) Selling expenses (51,945 ) (69,116 ) (60,329 ) General and administrative expenses (164,213 ) (218,302 ) (206,574 ) Total (444,325 ) (656,711 ) (635,855 ) (*) In the year ended December 31, 2021, the amount of R$23,360 recorded in this account refers to impairment of assets of CGU Acordo Certo. |
Financial Income (Expenses) (Ta
Financial Income (Expenses) (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure Of Finance Income Expense [Line Items] | ||
Summary of Financial Income and Expenses | Financial income and expenses for the years ended December 31, 2023, 2022, and 2021 were as follows: (In thousands) Year ended December 31, 2023 Year ended December 31, 2022 Year ended December 31, 2021 Financial income Discounts obtained R$ 337 R$ — R$ — Interest and fines on accounts receivable 372 — — Interest income arising from financial assets 29,360 398 73 Adjustment at present value 157 — — Other financial income 3,380 — — Total financial income R$ 33,606 R$ 398 R$ 73 Financial expenses Discounts granted R$ (161 ) R$ — R$ — Interest and fines – liabilities (8,977 ) — — Interest on leases (394 ) — — Other financial expenses (24,940 ) (889 ) (1 ) Total financial expenses R$ (34,472 ) R$ (889 ) R$ (1 ) Financial income (expenses), net R$ (866 ) R$ (491 ) R$ 72 | |
Boa Vista Servicos S A [member] | ||
Disclosure Of Finance Income Expense [Line Items] | ||
Summary of Financial Income and Expenses | Financial income and expenses in the period from January 1, 2023 to August 7, 2023 and the year ended December 31, 2022 were as follows: Period ended Year ended Year ended Financial income Discounts obtained 479 411 27 Interest and fines on accounts receivable 606 1,238 1,019 Change in fair value of contingent consideration (*) — — 79,538 Interest income arising from financial assets 97,320 149,994 54,265 Interest income on long term receivables 441 768 961 Other financial income 3,895 2,483 1,148 Total financial income 102,741 154,894 136,958 Financial expenses Discounts granted (448 ) (807 ) (894 ) Interest and fines – liabilities (356 ) (136 ) (174 ) Interest on leases (702 ) (1,940 ) (2,263 ) Interest on bank loans and borrowings — (182 ) (3,060 ) Interest on debentures — (4,687 ) (7,463 ) Change in fair value of contingent consideration (*) — (20,676 ) — Unwinding of the time value of money (**) (12,033 ) (1,218 ) (470 ) Other financial expenses (5,467 ) (2,623 ) (1,905 ) Total financial expenses (19,006 ) (32,269 ) (16,229 ) Financial income (expenses) 83,735 122,625 120,729 (*) Refers to the remeasurement of the fair value of the contingent consideration for the acquisition of Acordo Certo, in the amount of R$21,683 and a provision of PIS and COFINS in the amount of R$1,007 on financial income, presented on a net basis, for the year ended December 31, 2022, and financial income in the amount of R$83,417 and a provision of PIS and COFINS in the amount of R$3,879 on financial income, presented on a net basis, for the year ended December 31, 2021. (**) Relates to financial expenses for acquisition of investment in the amount of R$8,696 (R$1,218 and R$470 as of December 31, 2022 and December 31, 2021, respectively), and compensation for post-combination services in the amount of R$3,337 for the period ended August 7, 2023 (R$0 and R$0 for the years ended December 31, 2022 and December 31, 2021, respectively). |
Subsidiary (Table)
Subsidiary (Table) | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servios S.A [Member] | |
Disclosure of subsidiaries [line items] | |
Summary of Interest in Subsidiaries | We present below information on the Company’s subsidiary as of August 7, 2023 and December 31, 2022: Direct interest: August 7, 2023 December 31, 2022 Ownership interest % Acordo Certo Participações S.A. (*) — 100.00 |
Material Accounting Policies (T
Material Accounting Policies (Tables) - Boa Vista Servios S.A [Member] | 7 Months Ended |
Aug. 07, 2023 | |
Disclosure Of Material Accounting Policies [Line Items] | |
Summary of Estimated Useful Lives | Amortization Amortization is calculated using the straight-line method based on the estimated useful lives of each asset. Amortization is recognized in profit or loss. Estimated useful lives are as follows: Useful life - years Database 5 Software 5 to 8 Relationship with customers acquired in business combination 17 Non-compete 15 |
Summary of Estimated Useful Lives of the Property and Equipment | The estimated useful lives of the property and equipment are as follows: Useful life - Leasehold improvements 10 Machinery and equipment 10 Facilities 10 Furniture and fixtures 10 IT equipment 5 Right of use of real estate 10 |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Cash And Cash Equivalents [Line Items] | ||
Summary of Cash and Cash Equivalents | As of December 31, 2023 and December 31, 2022, cash and cash equivalents were comprised as follows: (In thousands) December 31, 2023 December 31, 2022 Cash R$ 11 R$ — Bank balances 10,885 3,541 Deposits (*) 153,199 — Total R$ 164,095 R$ 3,541 * Represent investments in Bank Deposit Certificates -CDB, and third-party commitments, with remuneration linked to the Interbank Deposit Certificate -CDI, on December 31, 2023 with an average yield of 94.74% of the CDI, without risk of significant change in value and with immediate liquidity, which are maintained for the purpose of meeting short-term cash commitments related to new business initiatives and acquisitions and early amortization of financial liabilities. | |
Boa Vista Servicos S A [member] | ||
Cash And Cash Equivalents [Line Items] | ||
Summary of Cash and Cash Equivalents | As of August 7, 2023 and December 31, 2022, cash and cash equivalents were comprised as follows: August 7, December 31, 2023 2022 Cash 11 11 Bank balances 7,155 253 Deposits (*) 1,167,823 1,382,004 Total 1,174,989 1,382,268 (*) Represent investments in Bank Deposit Certificates – CDB, with remuneration linked to the Interbank Deposit Certificate – CDI, as of August 7, 2023 and December 31, 2022 with an average yield of 103.05% of CDI (December 31, 2022 – 102.88% of CDI), with no risk of significant change in value and immediate liquidity, that are held for the purpose of meeting short-term cash commitments related to new business initiatives, acquisitions and other obligations arising from current liabilities. |
Trade Receivables, Net (Tables)
Trade Receivables, Net (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Trade Receivables Net [Line Items] | ||
Summary of Trade Receivables | Trade receivables, net as of December 31, 2023 are comprised as follows: (In thousands) December 31, 2023 Customer receivables for services provided R$ 135,998 Expected credit losses (1,566 ) Total R$ 134,432 Current R$ 129,312 Non-current(*) 5,120 Total R$ 134,432 (*) Mainly refers to the information supply contract signed in November 2019. The negotiated payment term was to receive the consideration in seven annual installments and seventy-two | |
Summary of Changes in Allowance Account for Credit Losses of Financial Assets | Changes in the expected credit losses were as follows: (In thousands) December 31, 2023 Beginning of the year R$ — Acquisition 1,858 Net remeasurement of loss allowances (292 ) End of the year R$ 1,566 | |
Boa Vista Servicos S A [member] | ||
Trade Receivables Net [Line Items] | ||
Summary of Trade Receivables | Accounts receivable as of August 7, 2023 and December 31, 2022 are comprised as follows: August 7, December 31, 2023 2022 Customer receivables for services provided 133,158 143,542 Expected credit losses (4,035 ) (2,195 ) Total 129,123 141,347 Current 123,093 132,989 Non-current (*) 6,030 8,358 Total 129,123 141,347 (*) The non-current seventy-two | |
Summary of Changes in Allowance Account for Credit Losses of Financial Assets | Changes in the loss allowance were as follows: January 1, 2023 to January 1, 2022 to August 7, 2023 December 31, 2022 Beginning of the period 2,195 3,281 Amounts written off (1,637 ) (1,880 ) Net remeasurement of loss allowance 3,477 815 Transfer to assets held for sale — (21 ) End of the period/year 4,035 2,195 | |
Summary of Accounts Receivable by Maturity Date and the Analysis of Loss Allowance | The breakdown of accounts receivable by maturity date and the analysis of loss allowance are presented in the table below: August 7, 2023 December 31, 2022 Average Average Credit rate of Gross rate of Gross recovery Aging of expected carrying Loss expected carrying Loss Default score receivables loss (*) amount allowance loss (*) amount allowance Falling due 0.36 % 124,977 456 0.26 % 128,241 333 Customers Overdue 1-30 days 5.39 % 3,560 192 5.03 % 4,054 204 past due up to 90 days High/low score Overdue 31-60 days 23.13 % 947 219 15.79 % 994 157 Overdue 61-90 75.35 % 354 267 25.52 % 290 74 Overdue for High score 89.32 % 2,973 2,656 10.74 % 9,553 1,026 more than 90 days Low score 70.71 % 346 245 97.80 % 410 401 Total 133,158 4,035 143,542 2,195 (*) The calculation methodology of the provision for expected credit losses is described in Note 30 (iii) |
Recoverable Taxes (Tables)
Recoverable Taxes (Tables) - Boa Vista Servicos S A [member] | 7 Months Ended |
Aug. 07, 2023 | |
Recoverable Taxes [Line Items] | |
Summary of Income Tax and Social Contribution | (a) Current tax assets - Income tax and social contribution August 7, December 31, 2023 2022 Income tax recoverable 44,911 38,936 Social contribution recoverable 13,443 16,600 Total 58,354 55,536 Current 58,354 55,536 Non-current — — |
Summary of Other Tax Assets | (b) Other tax assets August 7, December 31, 2023 2022 Social integration program (i) 284 272 Withholding tax 18,912 14,931 Other 367 1,144 Total 19,563 16,347 Current 19,310 15,936 Non-current 253 411 (i) Refers to Social Integration Program (PIS) and Social Contribution on Revenues (COFINS). |
Taxation (Tables)
Taxation (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Major components of tax expense (income) [abstract] | |
Summary of Income Tax and Social Contribution | Income tax and social contribution (In thousands) December 31, 2023 Income tax recoverable R$ 59,560 Social contribution recoverable 3,362 Total R$ 62,922 Current R$ 62,922 Non-current — |
Summary of Other Tax Assets | Other tax assets (In thousands) December 31, Social integration program(i) R$ 272 Withholding tax 217 Other 340 Total R$ 829 Current R$ 690 Non-current 139 |
Summary of Taxes Payable | At December 31, 2023 and December 31, 2022, taxes payable are comprised as follows: (In thousands) December 31, 2023 December 31, 2022 Taxes payable R$ 62,075 R$ 5,350 Current R$ 9,709 R$ — Non-current 52,366 5,350 Current December 31, 2023 December 31, 2022 PIS and COFINS payable R$ 3,122 R$ — Withholding income tax (IRRF) 4,838 — Service tax (ISS) payable 1,668 — Other taxes payable 81 — Subtotal R$ 9,709 R$ — Non-current December 31, 2023 December 31, 2022 INSS on Severance pay (i) R$ 8,719 R$ — ISS - PIS and COFINS basis (ii) 19,578 — Deductibility - SEBRAE/INCRA and FNDE (iii) 19,604 — Other 4,465 5,350 Subtotal(*) R$ 52,366 R$ 5,350 Total taxes payable 62,075 5,350 |
Summary of Amounts Recognized in Profit or Loss for the Year | a. Amounts recognized in profit or loss for the year (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Current Income tax expense (benefit) R$ 36,065 R$ 2,706 R$ (275 ) Deferred Income tax expense (benefit) (122,748 ) 22,681 (119,706 ) Total income tax expense (benefit) R$ (86,683 ) R$ 25,387 R$ (119,981 ) |
Summary of Tax Expense Reconciliation | b. Tax expense reconciliation (In thousands) December 31, 2023 December 31, 2022 December 31, 2021 Profit (loss) before income tax R$ 131,150 R$ 77,415 R$ (349,945 ) Nominal rates 34.0 % 34.0 % 34.0 % Income tax expense (benefit) at nominal rates R$ 44,591 R$ 26,321 R$ (118,981 ) Permanent (additions) exclusions: Deferred utilization R$ (2,119 ) R$ (960 ) R$ — Nondeductible interest expense 2,931 410 — Tax reserve 145 144 (491 ) Non-taxable — (118 ) — Share of net loss of joint venture 2,348 — — Other non-deductible 1,268 — — Labor incentives (2,677 ) — — Goodwill amortization Konduto 572 — — Non-taxable — (383 ) (527 ) Other (90 ) (27 ) 18 Total income tax before discrete R$ 46,969 25,387 (119,981 ) Total effective tax rate before discrete 35.8 % 32.8 % 34.3 % Discrete for BVS DTL write-off (133,652 ) — — Total income tax (benefit) expense after discrete R$ (86,683 ) 25,387 (119,981 ) Total effective tax rate after discrete -66.1 % 32.8 % 34.3 % |
Summary Changes in Balances of Deferred Tax Assets and Deferred Tax Liabilities | c. Changes in balances of deferred tax assets (DTA) and deferred tax liabilities (DTL) Balance at Recognized in profit or loss Balance at (In thousands) December 31, 2022 Additions Acquisitions Write-offs December 31, 2023 BVS acquisition R$ — 1,446 404,176 — 405,622 Outside basis difference on investment in BVS 120,691 12,961 — (133,652 ) — Deferred income tax liabilities R$ 120,691 14,407 404,176 (133,652 ) 405,622 BVS acquisition R$ — — 30,626 — 30,626 BVS temporary differences — 3,503 — — 3,503 Deferred income tax assets R$ — 3,503 30,626 — 34,129 Balance at Recognized in profit or loss Balance at (In thousands) December 31, 2021 Additions Write-offs December 31, 2022 Outside basis difference on investment in BVS 98,009 22,682 — 120,691 Deferred income tax liabilities R$ 98,009 22,682 — 120,691 |
Summary of Changes in Tax Liabilities Subject to Legal Proceedings | Changes in tax liabilities subject to legal proceedings: (In thousands) INSS on Severance pay ISS - PIS and COFINS basis Deductibility - SEBRAE/INCRA and FNDE Total As of December 31, 2022 R$ — R$ — R$ — R$ — Acquisition 7,843 18,220 19,368 45,431 Principal additions 549 670 — 1,219 Interest additions 327 688 236 1,251 As of December 31, 2023 R$ 8,719 19,578 R$ 19,604 R$ 47,901 |
Interest in Joint Venture (Tabl
Interest in Joint Venture (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of joint ventures [line items] | ||
Summary of Interest in Joint Ventures | As of December 31, 2023, the interest in joint venture is composed as follows: December 31, 2023 (In thousands) % of ownership interest Interest in joint venture Share of loss for the period In joint controlling interest: Consumidor Positivo Participações S.A. 55 % R$ 184,011 (6,378 ) Total R$ 184,011 (6,378 ) The following table illustrates the summarized financial information of the Company’s interest in Consumidor Positivo Participações S.A.: (In thousands) December 31, 2023 Non-current R$ 331,934 Current assets (including cash and cash equivalents – R$ 441) 35,550 Current liabilities (including current financial liabilities excluding trade and other payables and provisions – R$ 0) (7 ) Net assets (100%) 367,477 Carrying amount of interest in joint venture 184,011 Loss and total comprehensive loss (11,596 ) Company’s share of total comprehensive loss R$ (6,378 ) | |
Boa Vista Servicos S A [member] | ||
Disclosure of joint ventures [line items] | ||
Summary of Interest in Joint Ventures | As of August 7, 2023, the interest in joint venture is composed as follows: August 7, 2023 December 31, 2022 % of Interest in Share of loss Interest in Share of ownership joint for the joint profit for interest venture period venture the period Interest in joint venture: BVRV Participações S.A. 55 % 179,260 (3,010 ) — — Total 179,260 (3,010 ) — — | |
Summary of Assets and Liabilities Assumed of BVRV Relating to the Company's Interest | The fair values of the identifiable assets and liabilities assumed of BVRV relating to the Company’s interest and the goodwill generated on the contribution of assets to BVRV on April 20, 2023 are presented below: Fair value of the assets and liabilities contributed Other Assets and Liabilities 46,182 Relationship with customers 11,541 Trademark 15,920 Non-compete 2,949 Internally developed software 18,918 Total assets and liabilities contributed in BVRV at fair value 95,510 Goodwill 86,760 Consideration transferred 182,270 | |
Summary of Financial Information of the Group's Interest in BVRV Participações S.A | The following table illustrates the summarized financial information of the Group’s interest in BVRV Participações S.A. as at the reporting date: August 7, Non-current 346,114 Current assets (including cash and cash equivalents – R$ 495) 8,235 Current liabilities (including current financial liabilities excluding trade and other payables and provisions R$ 0) 67 Net assets (100%) 354,282 Group’s share of net assets (*) 179,260 Carrying amount of interest in joint venture 179,260 Loss and total comprehensive loss (100%) (5,473 ) Loss and total comprehensive loss (55%) (3,010 ) Group’s share of total comprehensive income (3,010 ) (*) Relates to: i) 50% of contribution of assets to the formation of BVRV (R$ 182,270), plus ii) 55% of share of net loss of joint venture accounted for using the equity method from April 20, 2023 to August 7, 2023 (R$3,010). |
Property and Equipment (Tables)
Property and Equipment (Tables) | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Summary of Changes in Property and Equipment | Changes in property and equipment are as follows: Leasehold Machinery and Furniture IT Right-of-use Total property improvements equipment Facilities and fixtures equipment of real estate and equipment Cost At January 1, 2022 5,556 822 557 1,434 17,449 24,051 49,869 Additions — 381 — 5 75 832 1,293 Transfers to assets held for sale (449 ) (12 ) (148 ) (409 ) (1,286 ) (993 ) (3,297 ) Disposals (830 ) (3 ) (2 ) (54 ) (370 ) (3,721 ) (4,980 ) At December 31, 2022 4,277 1,188 407 976 15,868 20,169 42,885 Additions — 79 — 5 5,329 — 5,413 Disposals — — (19 ) (65 ) (5,764 ) — (5,848 ) At August 7, 2023 4,277 1,267 388 916 15,433 20,169 42,450 Depreciation At January1, 2022 (2,156 ) (447 ) (225 ) (712 ) (8,234 ) (10,993 ) (22,767 ) Depreciation (702 ) (66 ) (52 ) (141 ) (3,031 ) (3,126 ) (7,118 ) Transfers to assets held for sale 358 — 40 162 429 890 1,879 At December 31, 2022 (2,500 ) (513 ) (237 ) (691 ) (10,836 ) (13,229 ) (28,006 ) Depreciation (281 ) (66 ) (5 ) (61 ) (1,562 ) (1,338 ) (3,314 ) Disposals — — 19 48 4,291 — 4,358 At August 7, 2023 (2,781 ) (579 ) (223 ) (704 ) (8,107 ) (14,567 ) (26,962 ) Carrying amounts At December 31, 2022 1,777 675 170 285 5,032 6,940 14,879 At August 7, 2023 1,496 688 165 212 7,326 5,602 15,488 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of detailed information about intangible assets [line items] | ||
Summary of Changes in Intangible Assets and Goodwill | Changes in intangible assets and goodwill are as follows: (In thousands) Database (a) Trademarks Software Goodwill Customer portfolio Non-compete Internally Intangible assets Total At December 31, 2022 — — — — — — — — — Acquisition 314,774 23,508 — 1,994,493 844,346 — — — R$ 3,177,121 Additions 46,638 — 22,935 — — 216,141 19,380 5,413 310,507 Amortization (23,995 ) (4,053 ) (1,561 ) — (35,181 ) (5,695 ) (1,744 ) — (72,229 ) Transfers and other — — — 14,526 — — 129 (129 ) 14,526 At December 31, 2023 337,417 19,455 21,374 2,009,019 809,165 210,446 17,765 5,284 R$ 3,429,925 (a) Acquisitions of information to develop databases used in the services provided by the Company, which are amortized over five (b) In 2023, the Company and Associação Comercial de São Paulo (“ACSP”) entered into a non-compete (c) Refers to products developed through multidisciplinary teams for product development. Research expenditure and development expenditure that do not meet the criteria to be capitalized are recognized as expensed as incurred. (d) Refers to capitalized costs for internally developed products that are still in process at period end. Costs previously recognized as expense are not included. | |
Boa Vista Servicos S A [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Summary of Changes in Intangible Assets and Goodwill | Changes in intangible assets and goodwill are as follows: Relationship with customers and non- Trademarks, Goodwill on compete agreements Internally rights and business identified in business developed Intangible assets Database (a) others Software combinations (b) combination products (c) in progress (d) Total Cost At January 1, 2022 884,375 32,228 276,740 273,885 28,383 73,738 20,956 1,590,305 Additions 122,144 — 50,659 — — 64,080 23,296 260,179 Transfers to assets held for sale — (32,228 ) (99,395 ) (7,836 ) — (16,199 ) (9,446 ) (165,104 ) Disposals — — (8,848 ) — — — (287 ) (9,135 ) Transfers — — 567 — — 26,590 (27,157 ) — At December 31, 2022 1,006,519 — 219,723 266,049 28,383 148,209 7,362 1,676,245 Additions 72,967 — 27,157 — — 37,807 5,517 143,448 Transfers — — 5,997 — — (4,880 ) (1,117 ) — At August 7, 2023 1,079,486 — 252,877 266,049 28,383 181,136 11,762 1,819,693 Amortization and impairment loss At January 1, 2022 (563,927 ) (1,976 ) (74,951 ) (7,836 ) (27,312 ) (13,377 ) — (689,379 ) Amortization/Impairment (129,419 ) — (42,118 ) — (172 ) (21,518 ) — (193,227 ) Transfers to assets held for sale — 1,976 55 7,836 — 2,036 — 11,903 Disposals — 7,677 — — — — 7,677 At December 31, 2022 (693,346 ) — (109,337 ) — (27,484 ) (32,859 ) — (863,026 ) Amortization (72,835 ) — (19,640 ) — (76 ) (19,481 ) — (112,032 ) At August 7, 2023 (766,181 ) — (128,977 ) — (27,560 ) (52,340 ) — (975,058 ) Carrying amounts At December 31, 2022 313,173 — 110,386 266,049 899 115,350 7,362 813,219 At August 7, 2023 313,305 — 123,900 266,049 823 128,796 11,762 844,635 | |
Summary Key Assumptions Used in the Estimation of the Recoverable Amount | 2022 BoaVista Konduto Revenue (% annual growth rate) 3.80 % 16.90 % Budgeted gross margin (%) 90.90 % 73.40 % Annual capital expenditure (in R$ thousands) 166,438 6,704 Long-term growth rate (%) 3.15 % 3.20 % Pre-tax 15.40 % 17.60 % |
Assets and Liabilities Held f_2
Assets and Liabilities Held for Sale (Tables) | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Disclosure Of Assets And Liabilities Held For Sale [Line Items] | |
Summary of Carrying Amounts of the Assets and Liabilities Transferred to the Joint Venture | The carrying amounts of the assets and liabilities transferred to the joint venture which resulted in a loss of control were as follows: Note Amount Current assets Cash and cash equivalents 1,872 Accounts receivable 6,446 Prepaid expenses 1,169 Income tax and social contribution 60 Other recoverable taxes 893 Other assets 20 Total current assets 10,460 Non-current Deferred tax asset – income tax and social contribution 24 d) 2,762 Property and equipment 11 1,731 Intangible assets 12 153,517 Total non-current 158,010 Assets held for sale 168,470 Current liabilities Accounts payable to suppliers 941 Lease liability 15 b) 22 Labor obligations, vacation and social charges 2,696 Accounts payable - Related parties 821 Taxes and contributions payable 903 Other accounts payable 1,782 Total current liabilities 7,165 Non-current Provisions 15,107 Total non-current 15,107 Liabilities held for sale 22,272 |
Bank Loans and Borrowings and_2
Bank Loans and Borrowings and Lease Liability (Tables) - Boa Vista Servicos S A [member] | 7 Months Ended |
Aug. 07, 2023 | |
Disclosure Of Bank Loans And Borrowings And Lease Liability [Line Items] | |
Summary of Detailed Information of Bank Loans and Borrowing and Lease Liability | The balances of bank loans and borrowings and lease liability at August 7, 2023 and December 31, 2022 are comprised as follows: August 7, December 31, 2023 2022 Bank loans and borrowings (i) — — Lease liability (ii) 8,150 9,825 8,150 9,825 Current 3,712 3,254 Non-current 4,438 6,571 |
Summary of Detailed Information about Borrowing | Changes in bank loans and borrowings are as follows: January 1, 2022 to December 31, 2022 Beginning of the period 2,788 Payment of bank loans and borrowings (2,862 ) Interest paid (113 ) Interest expense 57 Transaction costs related to bank loans and borrowings 130 End of the period — |
Summary of Detailed Information about Leases Liability | (ii) Lease liability Annual Interest August 7, December 31, Transactions rate 2023 2022 Leasing - exclusive right of use (1) IGP-M (3) 1,100 1,561 Leasing - Headquarters office contract (2) IGP-M + 3.70 % 7,050 8,264 Total 8,150 9,825 Current 3,712 3,254 Non-current 4,438 6,571 (1) Refers to the right to exclusive use of software. (2) Refers to the rental of the properties related to the headquarters of the Group, in which a right-of-use (3) Inflation as measured by the General Market Price index (IGP-M) |
Summary of Maturity Payment of Non Current Lease Liabilities | At August 7, 2023, the balance of Leases, in non-current August 7, December 31, Maturity 2023 2022 2024 2,350 3,365 2025 2,088 1,961 2026 — 1,245 Total 4,438 6,571 |
Summary of Changes in Lease Liability | Changes in lease liability are as follows: January 1, 2023 to January 31, 2022 Beginning of the period 9,825 20,278 Additions — 2,625 Payment of lease liabilities (2,377 ) (7,463 ) Interest expense 702 2,036 Termination of lease (1) — (7,541 ) Reclassification to held for sale — (110 ) End of the period 8,150 9,825 (1) On October 31, 2022, the Group discontinued the use of the 12 th th |
Debentures (Tables)
Debentures (Tables) | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Disclosure Of Detailed Information Of Changes In Debentures [Line Items] | |
Summary of Detailed Information of Changes in Debentures | Changes in liabilities were as follows: January 1, 2022 to January 1, 2021 to December 31, 2022 December 31, 2021 Beginning of the period 63,868 126,274 Payment of debentures (63,334 ) (63,333 ) Interest paid (4,511 ) (3,136 ) Interest expense 3,165 3,088 Transaction costs related to debentures 812 975 End of the period — 63,868 |
Labor Obligations (Tables)
Labor Obligations (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Labor Obligation [Line Items] | ||
Summary of Labor Obligations | Labor obligations at December 31, 2023 and December 31, 2022 are presented below: (In thousands) December 31, 2023 December 31, 2022 Provision for vacation and charges R$ 12,534 R$ — Profit sharing program (PPR) 16,937 — Provision for 13th month salaries and charges 20 — Social charges 5,021 — Retention plan 18,732 — Others 766 34 Total R$ 54,010 R$ 34 Current 46,941 34 Non-current 7,069 — | |
Boa Vista Servicos S.A [member] | ||
Labor Obligation [Line Items] | ||
Summary of Labor Obligations | Labor obligations, vacation and social charges at August 7, 2023 and December 31, 2022 are presented below: August 7, December 31, 2023 2022 Compensation for post-combination services - Acordo Certo key employees (i) — 82,771 Provision for vacation and charges 16,789 12,896 Profit sharing program (PPR) 15,001 30,332 Provision for 13th salaries and charges 7,748 — Social charges 6,786 5,001 Retention plan 8,963 — Others 1,555 901 Total 56,842 131,901 Current 56,842 131,901 Non-current — — (i) The agreement to purchase the shares of Acordo Certo also required the Group to pay additional contingent amounts to former shareholders of Acordo Certo. The amount, paid in 2023, was based on the Adjusted Net Revenue of Acordo Certo in 2022, with a specified minimum amount and subject to the continued employment of these shareholders with Acordo Certo until December 31, 2022. Adjusted Net Revenue is defined in the purchase agreement as the net revenue of Acordo Certo less (i) costs of contact with customers via digital platforms, (ii) advertising and marketing costs and (iii) net revenue from channels and/or platforms of products and services to the Company’s consumers. |
Related parties (Tables)
Related parties (Tables) - Boa Vista Servicos S.A [member] | 7 Months Ended |
Aug. 07, 2023 | |
Disclosure of transactions between related parties [line items] | |
Summary of Current Asset and Current Liabilities of Related Party | Current assets August 7, December 31, Related parties Nature 2023 2022 Associação Comercial de São Paulo (a) — 2 Acordo Certo Ltda. (b) 1,245 — Total 1,245 2 Current liabilities August 7, December 31, Related parties Nature 2023 2022 Acordo Certo Ltda. (b) 145 — Total 145 — (a) Relates to the rendering of data consultation services. (b) Refers to cost-sharing. |
Summary of Statement of Profit and Loss of Related Party | Statements of profit or loss August 7, 2023 December 31, 2022 Costs and Costs and Company Nature Revenue expenses Revenue expenses Associação Comercial de São Paulo (a) 1,323 — 2,153 — (a) Relates to the rendering of data consultation services. (b) Refers to cost-sharing. |
Summary of Information about Key Management Personnel | August 7, December 31, 2023 2022 Annual fixed remuneration 7,769 9,744 Variable remuneration - Profit sharing program 5,122 3,419 Total remuneration 12,891 13,163 August 7, December 31, 2023 2022 Restricted shares plan 457 611 Total 457 611 |
Payables for Business Combina_2
Payables for Business Combinations (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of detailed information about business combination [line items] | ||
Summary of Payables for Business Combinations | Prior to BVS being acquired by Equifax do Brasil, BVS had acquired two companies, Konduto and Acordo Certo. The roll forward below represents the remaining payables for those business combinations: (In thousands) Konduto Acordo Certo Total December 31, 2022 Acquisition R$ 10,020 1,278 R$ 11,298 Payments of Warrants (3,129 ) — (3,129 ) Unwinding of the time value of money 509 — 509 December 31, 2023 R$ 7,400 R$ 1,278 R$ 8,678 Current liabilities R$ 4,074 Noncurrent liabilities 4,604 R$ 8,678 | |
Summary of Non-Current Payables for Business Combinations | At December 31, 2023 and December 31, 2022, the balance of non-current (In thousands) December 31, 2023 December 31, 2022 Maturity Acordo Certo Konduto Total Total 2025 168 1,408 1,576 — 2026 168 1,408 1,576 — 2027 — 1,452 1,452 — Total R$ 336 R$ 4,268 R$ 4,604 R$ — | |
Boa Vista Servicos S.A [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Summary of Payables for Business Combinations | The roll forward of payables for business combinations is as follows: Konduto Acordo Certo (*) Total January 1, 2021 — 141,134 141,134 Konduto acquisition 1,192 — 1,192 Consideration transferred — (720 ) (720 ) Remeasurement of fair value (*) — (83,418 ) (83,418 ) Unwinding of the time value of money 470 — 470 January 1, 2022 1,662 56,996 58,658 Remeasurement of fair value (*) — 21,683 21,683 Unwinding of the time value of money 1,218 — 1,218 December 31, 2022 2,880 78,679 81,559 Payment — (84,780 ) (84,780 ) Reclassification of warrants 6,258 — 6,258 Unwinding of the time value of money 882 7,814 8,696 August 7, 2023 10,020 1,713 11,733 Current liabilities 7,538 Noncurrent liabilities 4,195 11,733 (*) The contingent consideration for Acordo Certo was based on the Adjusted Net Revenue of Acordo Certo in 2022, with a specified minimum amount and was remeasured to fair value at each reporting date based on the discounted cash flows, with changes in fair value recognized in profit or loss, until the payable is settled. In 2021, the performance and profitability of Acordo Certo was lower than expected, and the Group reduced its estimates of the expected Adjusted Net Revenue of Acordo Certo in 2022, which led to a reduction of R$ 83,418 in the fair value of the contingent consideration. In the period ended December 31, 2022, the fair value of the contingent consideration increased by R$21,683, considering the revised estimates of the expected Adjusted Net Revenue of Acordo Certo in 2022. The outstanding balance relates to amounts withheld by the Company as collateral for the obligation of the sellers to indemnify the Company in the event of losses deriving from uncertain events to be released to the seller between 2021 and 2026. | |
Summary of Non-Current Payables for Business Combinations | At August 7, 2023 and December 31, 2022, the balance of non-current August 7, 2023 December 31, 2022 Maturity Acordo Certo Konduto Total Total 2024 100 — 100 100 2025 168 1,241 1,409 1,117 2026 168 1,241 1,409 1,117 2027 — 1,277 1,277 979 Total 436 3,759 4,195 3,313 |
Advances from Customers (Tables
Advances from Customers (Tables) | 7 Months Ended |
Aug. 07, 2023 | |
Boa Vista Servicos S A [member] | |
Advances From Customers [Line Items] | |
Summary of Movement in Advances From Customers Contract with Customers Liability | Revenue from these contracts will be recognized as the use of products / services provided occurs. August 7, December 31, 2023 2022 Opening balance on January 1 — 2,232 Additions 10,150 17,979 Utilization (*) (6,921 ) (20,211 ) End balance of the period 3,229 — |
Taxes Payable (Tables)
Taxes Payable (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||
Summary of Taxes Payable | At December 31, 2023 and December 31, 2022, taxes payable are comprised as follows: (In thousands) December 31, 2023 December 31, 2022 Taxes payable R$ 62,075 R$ 5,350 Current R$ 9,709 R$ — Non-current 52,366 5,350 Current December 31, 2023 December 31, 2022 PIS and COFINS payable R$ 3,122 R$ — Withholding income tax (IRRF) 4,838 — Service tax (ISS) payable 1,668 — Other taxes payable 81 — Subtotal R$ 9,709 R$ — Non-current December 31, 2023 December 31, 2022 INSS on Severance pay (i) R$ 8,719 R$ — ISS - PIS and COFINS basis (ii) 19,578 — Deductibility - SEBRAE/INCRA and FNDE (iii) 19,604 — Other 4,465 5,350 Subtotal(*) R$ 52,366 R$ 5,350 Total taxes payable 62,075 5,350 | |
Boa Vista Servios SA [Member] | ||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||
Summary of Taxes Payable | At August 7, 2023 and December 31, 2022, taxes payable are comprised as follows: August 7, December 31, 2023 2022 Taxes payable 50,812 64,609 50,812 64,609 Current 5,381 24,355 Non-current 45,431 40,254 August 7, December 31, Current 2023 2022 PIS and COFINS payable 2,741 4,669 Withholding income tax (IRRF) 2,565 17,957 Service tax (ISS) payable 1 1,644 Other taxes payable 74 85 Subtotal 5,381 24,355 August 7, December 31, Non-current 2023 2022 INSS on Severance pay 7,843 6,550 ISS - PIS and COFINS basis 18,220 15,940 Deductibility - SEBRAE/INCRA and FNDE 19,368 17,764 Subtotal (*) 45,431 40,254 Total taxes payable 50,812 64,609 | |
Summary of Changes in Deferred Tax Liability | Changes in tax liabilities subject to legal proceedings: PIS and COFINS payable on the ISS -PIS remeasurement INSS on and of fair value of Deductibility - Severance COFINS contingent SEBRAE/INC pay basis consideration RA and FNDE Total As of January 1, 2022 5,427 12,954 3,879 11,768 34,028 Principal additions 627 1,706 — 4,565 6,898 Interest additions 496 1,280 — 1,431 3,207 Reversal — — (3,879 ) — (3,789 ) As of December 31, 2022 6,550 15,940 — 17,764 40,254 Principal additions 215 965 — 380 1,560 Interest additions 1,078 1,315 — 1,224 3,617 As of August 7, 2023 7,843 18,220 — 19,368 45,431 |
Provisions (Tables)
Provisions (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of other provisions [line items] | ||
Summary of Details of Other Provisions | (In thousands) December 31, 2023 December 31, 2022 Civil R$ 12,270 R$ 1,109 Tax 5,334 — Labor 6,090 1,326 Total R$ 23,694 R$ 2,435 Current 685 2,435 Non-current 23,009 — | |
Summary of Changes in Provisions | Changes in provisions for tax, civil and labor risks are as follows: (In thousands) Civil (i) Tax (ii) Labor (iii) Total As of December 31, 2022 1,109 — 1,326 2,435 Acquisition R$ 11,799 R$ 5,334 R$ 4,478 R$ 21,611 Additions 6,779 — 286 7,065 Payments (7,417 ) — — (7,417 ) As of December 31, 2023 R$ 12,270 R$ 5,334 R$ 6,090 R$ 23,694 | |
Summary of Restricted Cash and Cash Equivalents | The Company granted collateral for civil, labor and tax lawsuits in the form of cash deposits which the Company is unable to access until the lawsuit is resolved, as follows: (In thousands) December 31, 2023 Civil contingencies R$ 27 Labor contingencies 1,379 Tax liabilities 26,691 Total R$ 28,097 | |
Boa Vista Servicos S A [member] | ||
Disclosure of other provisions [line items] | ||
Summary of Details of Other Provisions | August 7, December 31, 2023 2022 Civil 11,799 6,592 Tax 5,354 5,334 Labor 4,478 2,148 Total 21,631 14,074 Current — — Non-current 21,631 14,074 | |
Summary of Changes in Provisions | Changes in provisions for tax, civil and labor risks are Civil (i) Tax (ii) Labor (iii) Total As of January 1, 2022 4,588 7,741 13,663 25,992 Additions 9,209 — — 9,209 Write-offs — — (678 ) (678 ) Payments (7,205 ) — — (7,205 ) Interest and fines — 887 — 887 Transfer to liabilities held for sale — (3,294 ) (10,837 ) (14,131 ) As of January 1, 2023 6,592 5,334 2,148 14,074 Additions 14,251 — 2,330 16,581 Payments (9,044 ) — — (9,044 ) Interest and fines — 20 — 20 As of August 7, 2023 11,799 5,354 4,478 21,631 | |
Summary of Restricted Cash and Cash Equivalents | The Company granted collateral for civil, labor and tax lawsuits in the form of cash deposits which the Group is unable to access until the lawsuit is resolved, as follows: August 7, December 31, Civil contingencies 1,740 2,020 Labor contingencies 1,182 1,494 Tax liabilities 25,833 23,836 Total 28,755 27,350 |
Shareholders' Equity (Tables)
Shareholders' Equity (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of classes of share capital [line items] | ||
Summary of the Company's Share Capital | As of December 31, 2023, December 31, 2022, and December 31, 2021, the Company’s share capital was composed of the following: (In thousands), January 1, 2023 to January 1, 2022 to January 1, 2021 to Beginning of the period 26,441 26,441 26,161 Change in capital R$ — R$ — R$ 280 Capital increase – BVS 3,797,910 — — Return of capital to common shareholders (1,075,000 ) — — End of the period R$ 2,749,351 R$ 26,441 R$ 26,441 | |
Summary of the Company's Common and Preferred Shares Outstanding | As of December 31, 2023, December 31, 2022 and December 31, 2021, the Company’s Common and Preferred Shares outstanding was composed of the following: Number of Shares January 1, 2023 to January 1, 2022 to January 1, 2021 to Beginning of the period 10,000,000 26,441,364 26,160,764 Change in capital 2 — 280,600 Capital increase - BVS acquisition 2,171,613 — — Redeemable Preferred shares — 1,313,345 — Recapitalization — (17,754,709 ) — End of the period 12,171,615 10,000,000 26,441,364 | |
Boa Vista Servicos S.A [member] | ||
Disclosure of classes of share capital [line items] | ||
Summary of the Company's Share Capital | As of August 7, 2023 and December 31, 2022, the Company’s share capital was composed exclusively of common shares with no par value, as follows: Share Capital January 1, 2023 2023 January 1, 2022 to December 31, 2022 January 1, 2021 to December 31, 2021 Beginning of the period 1,715,269 1,715,269 1,638,058 Capital increase - Exercise of stock option — — 48,488 Capital increase - Konduto — — 28,723 End of the period 1,715,269 1,715,269 1,715,269 | |
Summary of the Company's Common and Preferred Shares Outstanding | Number of shares January 1, 2023 January 1, 2022 January 1, 2021 Beginning of the period 532,222,621 531,440,373 520,797,860 Capital increase - Exercise of stock option — — 7,758,000 Capital increase - Konduto — — 2,884,513 Capital increase - Warrants Konduto — 391,124 — Capital increase - Warrants Konduto 391,124 391,124 — Cancellation of treasury shares (*) (2,770,900 ) — — End of the period 529,842,845 532,222,621 531,440,373 (*) On August 7, 2023, due to the merger of Company’s shares by EFX Brasil (Note 1 a.), there was a cancellation of 2,770,900 ordinary shares issued by the Company held in treasury (Note 23 e), so that the number of shares issued by the Company was reduced from 532,613,745 to 529,842,845. | |
Summary of Dividends and Interest on Net Equity | August 7, December 31, December 31, Profit for the period/year 111,447 297,750 175,197 Legal reserve - 5% (5,572 ) (14,888 ) (8,760 ) Calculation basis for minimum mandatory dividends 105,875 282,862 166,437 Minimum mandatory distribution to shareholders - 25%(*) 24,469 70,716 41,609 Additional distribution proposed by Management(*) (24,469 ) 64,068 483 Total distribution proposed — 134,784 42,092 Payment method: Interest on net equity — 134,784 35,146 Dividends — — 6,946 Total distribution to shareholders — 134,784 42,092 Number of outstanding shares 529,842,845 532,222,621 531,330,373 Interest on net equity/Dividends per share — 0.25325 0.07920 (*) Based on profit to date, minimum dividend would be R$ 26,469. However, statutory calculation is based on the annual profit and no dividends have yet been proposed on August 7, 2023. | |
Summary of Market Prices and Intermediated Through the Financial Institution | The shares were acquired at B3 S.A. – Bolsa, Brasil, Balcão, at market prices and intermediated through the financial institution Itaú Corretora de Valores S.A., as follows: August 7, 2023 Period Number of shares Average price Total price May 2023 (*) 1,170,603 3.84 4,498 Total 1,170,603 3.84 4,498 December 31, 2022 Period Number of shares Average price Total price March 2022 54,900 7.94 436 April 2022 110,100 8.11 893 July 2022 1,607,940 5.18 8,328 Total 1,772,940 5.45 9,657 | |
Summary of Outstanding | Number of Average price Total Outstanding at January 1, 2022 — — — Repurchased 1,772,940 5.447 9,657 Transferred from vesting of restricted shares (108,252 ) (8.059 ) (872 ) Outstanding at January 1, 2023 1,664,688 5.277 8,785 Repurchased (*) 1,170,603 3.842 4,498 Transferred - vesting of restricted shares (64,391 ) (5.451 ) (351 ) Cancellation (**) (2,770,900 ) (4.667 ) (12,932 ) Outstanding at August 7, 2023 — — — (*) The difference between the average price and the negotiation price between May 7 and 8 relates to an event of dissent (“ dissidência (**) On August 7, 2023, due to the merger of Company’s shares by EFX Brasil (Note 1 a.), there was a cancellation of 2,770,900 ordinary shares issued by the Company held in treasury. |
Income Tax and Social Contrib_2
Income Tax and Social Contribution (Tables) - Boa Vista Servicos S.A [member] | 7 Months Ended |
Aug. 07, 2023 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Summary of Amounts Recognized in the Consolidated Statement of Financial Position | a) Amounts recognized in the consolidated statement of financial position as of the period/year August 7, December 31, Income tax payable (*) 6,927 — Social contribution payable(*) 2,779 — 9,706 — (*) Cannot be offset against the negative balance of income tax and social contribution accounted for in the income tax and social contribution asset lines, as this is a negative balance for the year ended December31, 2022. |
Summary of Amounts Recognized in the Consolidated Statement of Profit or Loss and Other Comprehensive Income | b) Amounts recognized in the consolidated statement of profit or loss and other comprehensive income August 7, December 31, Current income tax and social contribution expense: (43,671 ) (64,654 ) Deferred income tax and social contribution expense: Temporary differences (15,393 ) 24,197 Total income tax from continuing operations expense (59,064 ) (40,457 ) |
Summary of Tax Expense Reconciliation | c) Tax expense reconciliation August 7, December 31, Profit before income tax and social contribution 167,087 338,207 Income tax and social contribution at nominal rates (34.00 %) (56,810 ) (34.00 %) (114,990 ) Tax effect: Tax incentives (a) 4.69 % 7,844 8.78 % 29,708 Interest on net equity (b) — — 13.55 % 45,826 Gain on loss of control of subsidiary (3.90 %) (6,511 ) — — Other non-deductible (1.54 %) (2,578 ) (0.30 %) (1,025 ) Joint venture - equity method (0.61 %) (1,023 ) — — Others 0.01 % 14 0.01 % 24 Income tax and social contribution (59,064 ) (40,457 ) (a) Refers to “Lei do Bem” and the Workers’ Meal Program – PAT. (b) The Brazilian Law 9,249/95 provides that the Company may pay interest on net equity to shareholders in addition to or alternatively to the dividends proposed, subject to specific limitations, which result in tax deduction in the determination of income tax and social contribution. The limitation considers the higher of: (i) TJLP applied to the Company’s equity; or (ii) 50% of the net income for the year. |
Summary of Changes in Balances of Deferred Tax Assets and Liabilities | d) Changes in balances of deferred tax assets and liabilities Recognized in profit or Recognized in profit or Derecognized As of loss As of loss (iv) As of January 1, January 1, August 7, 2022 Additions Reversal 2023 Additions Reversal 2023 Sundry provisions (i) 24,052 12,222 (6,679 ) 29,595 18,851 (8,576 ) — 39,870 Income Tax and Social Contribution losses 4,163 — (488 ) 3,675 — (3,675 ) — — Amortization of fair value adjustments to assets (ii) 6,602 4,857 (457 ) 11,002 — — (11,002 ) — Fair value adjustment of the payables for business combination 110 — — 110 — — (110 ) — Impairment loss of assets 7,943 — — 7,943 — — (7,943 ) — Amortization of relationship with customers (Equifax) and unbilled revenues (1,991 ) (37 ) — (2,028 ) (103 ) 183 — (1,948 ) Lease liability (1,339 ) (4,835 ) 5,193 (981 ) — 415 — (566 ) Compensation for post combination services - Acordo Certo key employees 12,021 16,121 — 28,142 — (28,142 ) — — Deferred income tax and social contribution assets 51,561 28,328 (2,431 ) 77,458 18,748 (39,795 ) (19,055 ) 37,356 Change in fair value of contingent consideration (iii) (27,044 ) (1,319 ) 7,372 (20,991 ) — — 20,991 — Technological innovation development costs — (7,753 ) — (7,753 ) 1,023 — — (6,730 ) Deferred income tax and social contribution liabilities (27,044 ) (9,072 ) 7,372 (28,744 ) 1,023 — 20,991 (6,730 ) Net deferred tax assets 24,517 19,256 4,941 48,714 19,771 (39,795 ) 1,936 30,626 Transfer to held for sale — — (2,695 ) (2,695 ) — — 2,695 — Deferred income tax and social contribution, net 24,517 19,256 2,246 46,019 19,771 (39,795 ) 4,631 30,626 (i) It refers to provisions for communication, electricity, water, building expenses, PPR, provision for expected credit losses, services provided, onleading’s, social charges and benefits to employees. (ii) It refers to amortization of the fair value adjustments made to assets acquired in business combinations. (iii) It refers to the fair value of contingent consideration of Acordo Certo. (iv) It refers to derecognition of deferred tax assets and liabilities related to the contribution of Acordo Certo to the formation of joint venture. |
Basic and Diluted Earnings Pe_2
Basic and Diluted Earnings Per Share (Tables) - Boa Vista Servicos S A [member] | 7 Months Ended |
Aug. 07, 2023 | |
Earnings per share [line items] | |
Summary of Calculated Based on the Weighted Average Number of Common Shares | Calculated based on the weighted average number of common shares as follows: Period ended Year ended Year ended Profit for the period/year attributable to the owners of the Company and used to calculate basic earnings per share (in Reais - R$) 108,023,628 297,750,335 175,196,612 Weighted average number of common shares for basic earnings per share calculation purposes 531,524,863 531,849,714 527,706,265 Weighted average treasury shares (1,230,038 ) (789,429 ) — Weighted average number of common shares for basic earnings per share calculation purposes 530,294,825 531,060,285 526,706,265 Basic earnings per share - R$ 0.2037 0.5607 0.3320 |
Summary of Weighted Average Number of Common Shares Used to Calculate Basic Earnings Per Share | The weighted average number of common shares used to calculate diluted earnings per share is reconciled with the weighted average number of common shares used to calculate basic earnings per share as follows: Period ended Year ended Year ended Profit for the period/year attributable to the owners of the Company and used to calculate diluted earnings per share (in Reais – R$) 108,023,628 297,750,335 175,196,612 Weighted average number of common shares used to calculate basic earnings per share 531,524,863 531,849,714 527,706,265 Weighted average treasury shares (1,230,038 ) (789,429 ) — Effect of warrants 708,996 1,387,621 711,601 Effect of share options 2,011,348 2,609,392 4,059,077 Effect of restricted shares 927,682 — — Weighted average number of common shares for diluted earnings per share calculation purposes 533,942,851 535,057,298 532,476,943 Diluted earnings per share – R$ 0.2023 0.5565 0.3290 |
Financial Instruments and Cap_2
Financial Instruments and Capital and Risk Management (Tables) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Disclosure of detailed information about financial instruments [line items] | ||
Summary of Financial Assets and Financial Liabilities Not Measured at Fair Value | The following tables show the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value. (In thousands) Carrying amount Fair Value December 31, 2023 Note Financial assets at Liabilities at fair Financial Total Level 3 Total Assets as per the Statements of Financial Position: Cash and cash equivalents 7 164,095 — — 164,095 — — Trade receivable 8 134,432 — — 134,432 — — Trade receivable – Related parties 14 1,776 — — 1,776 — — Total 300,303 — — 300,303 — — Liabilities as per Statements of Financial Position: Trade payable to suppliers 12 — — 55,949 55,949 — — Lease liability — — 7,656 7,656 — — Payables for acquisitions 15 — 8,678 — 8,678 8,678 8,678 Borrowings — — 10,173 10,173 Trade payables - related parties 14 — — 205,753 205,753 — — Total — 8,678 279,531 288,209 8,678 8,678 | |
Summary of Impact on Profit or Loss from the Change in Interest Rates of the Company's Financial Instruments | The sensitivity analysis of the impact on profit or loss from the change in interest rates of the Company’s financial instruments, considering a probable scenario (Scenario I), with appreciation of 10% (Scenario II), 25% (Scenario III) and 50% (Scenario IV) is as follows: Operation Exposure at December 31, 2023 Risk Probable rate - % Scenario I probable Scenario II + 10% deterioration Scenario III + 25% deterioration Scenario IV + 50% deterioration Interest rate risk Cash equivalents—financial investments 164,095 Decrease in CDI 11.75 % 19,281 17,353 14,461 9,641 Borrowings (10,173 ) Increase in SELIC 11.75 % (1,195 ) (1,076 ) (896 ) (598 ) Lease liability (7,656 ) Increase in SELIC 11.75 % (900 ) (810 ) (675 ) (450 ) Net Exposure and impact from interest rate risk 146,266 17,186 15,467 12,890 8,593 | |
Summary of Liabilities with Floating Rates, Interest was Calculated Based on a Market Forecast | For liabilities with floating rates, interest was calculated based on a market forecast for each period: December 31, 2023 Carrying amount Total Up to 1 year 1-3 Greater than 3 years Financial assets Cash and cash equivalents 164,095 164,095 164,095 — — Trade receivable 134,432 135,034 129,914 5,120 — Trade receivable - related parties 1,776 1,776 1,776 — — Financial liabilities Accounts payable to suppliers (55,949 ) (55,949 ) (55,949 ) — — Borrowings (10,173 ) (10,173 ) — — (10,173 ) Payables for business combination (8,678 ) (8,678 ) (4,074 ) (4,604 ) — Lease liability (7,656 ) (7,656 ) (4,133 ) (3,523 ) — Trade payables - related parties (205,753 ) (205,753 ) (17,376 ) (36,668 ) (151,709 ) 12,094 12,696 214,253 (39,675 ) (161,882 ) | |
Summary of Net indebtedness Indexes on the Shareholders' Equity | Net indebtedness indexes on the shareholders’ equity of the Company are comprised as follows: December 31, 2023 (-) Cash and cash equivalents (Note 7) (164,095 ) (+) Lease liability, payables for business combinations and borrowings 26,507 Net indebtedness (137,588 ) Total equity 3,232,111 | |
Boa Vista Servicos S A [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Summary of Financial Assets and Financial Liabilities Not Measured at Fair Value | The following tables show the carrying amounts and fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy. It does not include fair value information for financial assets and financial liabilities not measured at fair value if the carrying amount is a reasonable approximation of fair value. Carrying amount Fair Value August 7, 2023 Note Assets at fair Financial Liabilities at Financial Total Level 1 Level 2 Level 3 Total Financial assets not measured at fair value Cash and cash equivalents 6 — 1,174,989 — — 1,174,989 — — — — Accounts receivable 7 — 129,123 — — 129,123 — — — — Accounts receivable – Related parties 18 — 1,245 — — 1,245 — — — — — 1,305,357 — — 1,305,357 — — — — Financial liabilities measured at fair value Payables for business combinations 19 — — 5,475 — 5,475 — — 5,475 5,475 — — 5,475 — 5,475 — — 5,475 5,475 Financial liabilities not measured at fair value Accounts payable to suppliers 14 — — — 53,130 53,130 — — — — Lease liability 15 — — — 8,150 8,150 — — — — Related parties 18 — — — 145 145 — — — — Payables for business combinations 19 6,258 6,258 — — — — — — — 67,683 73,158 — — — — Carrying amount Fair Value December 31, 2022 Note Assets at fair Financial Liabilities at Financial Total Level 1 Level 2 Level 3 Total Financial assets measured at fair value Assets held for sale 13 179,589 — — — 179,589 — — 179,589 179,589 179,589 — — — 179,589 — — 179,589 179,589 Financial assets not measured at fair value Cash and cash equivalents 6 — 1,382,268 — — 1,382,268 — — — — Accounts receivable 7 — 141,347 — — 141,347 — — — — Accounts receivable - Related parties 18 — 2 — — 2 — — — — — 1,523,617 — — 1,523,617 — — — — Financial liabilities measured at fair value Liabilities held for sale 13 — — 22,568 — 22,568 — — 22,568 22,568 Compensation for post-combination services Acordo Certo key employees 17 — — 82,771 — 82,771 — — 82,771 82,771 Payables for business combinations 19 — — 81,559 — 81,559 — — 81,559 81,559 — — 186,898 — 186,898 — — 186,898 186,898 Financial liabilities not measured at fair value Accounts payable to suppliers 14 — — — 50,994 50,994 — — — — Lease liability 15 — — — 9,825 9,825 — — — — Dividends and interest on net equity payable 23 d) — — — 120,900 120,900 — — — — — — — 181,719 181,719 | |
Summary of Reconciliation of Level 3 Fair Values | The following table shows a reconciliation from the opening balances to the closing balances for Level 3 fair values: Note Contingent At January 1, 2022 58,658 Remeasurement of fair value of contingent consideration 19 21,683 Net change in fair value (unrealized) 19 1,218 At January 1, 2023 81,559 Payment for business combinations – Acordo Certo 19 (84,780 ) Unwinding of the time value of money 19 7,814 Net change in fair value (unrealized) 19 882 At August 7, 2023 5,475 | |
Summary of Impact on Profit or Loss from the Change in Interest Rates of the Company's Financial Instruments | The sensitivity analysis of the impact on profit or loss from the change in interest rates of the Group’s financial instruments, considering a probable scenario (Scenario I), with appreciation of 10% (Scenario II), 25% (Scenario III) and 50% (Scenario IV) is as follows: Operation Exposure at Risk Probable Scenario Scenario II + Scenario III Scenario IV Interest rate risk Cash equivalents - financial investments 1,174,989 Decrease in CDI 11.75 % 138,061 124,255 103,546 69,031 Lease liability (8,150 ) Increase in CDI 11.75 % (958 ) (862 ) (719 ) (479 ) Net exposure and impact from interest rate risk 1,166,839 137,103 123,393 102,827 68,552 Operation Exposure at Risk Probable Scenario Scenario II + Scenario III Scenario IV Interest rate risk Cash equivalents - financial investments 1,382,268 Decrease in CDI 13.75 % 190,062 171,056 142,546 95,031 Lease liability (9,825 ) Increase in CDI 13.75 % (1,351 ) (1,216 ) (1,013 ) (676 ) Net exposure and impact from interest rate risk 1,372,443 188,711 169,840 141,533 94,356 | |
Summary of Valuation Techniques and Significant Unobservable Inputs of Assets and Liabilities | The following table shows the valuation technique used in measuring Level 3 fair values for financial instruments and the group of assets and liabilities held for sale in the statement of financial position, as well as the significant unobservable inputs used. Type Valuation technique Significant unobservable inputs Inter relationship between significant Contingent Consideration Discounted cash flows: The valuation model considers the value of the expected adjusted net revenue as defined in the SPA discounted using a risk-adjusted discount rate. Expected adjusted net revenue and Risk-adjusted discount rate The estimated fair value would increase (decrease) if: - the expected adjusted net revenue was higher (lower); or - the risk-adjusted discount rate was lower (higher). Assets and liabilities held for sale Discounted cash flows: The discounted cash flow considers the present value of expected net cash flows to be generated, taking into consideration the projected growth rate of net operating revenue (NOR). The expected net cash flows are discounted using a risk-adjusted discount rate. NOR and risk- adjusted discount rate The estimated fair value would increase (decrease) if: - the expected NOR was higher (lower); or - the risk-adjusted discount rate was lower (higher). | |
Summary of Liabilities with Floating Rates, Interest was Calculated Based on a Market Forecast | For liabilities with floating rate, interest was calculated based on market forecast for each period: August 7, 2023 Carrying Total Up to 1 year 1-3 years 3-4 Financial assets Cash and cash equivalents 1,174,989 1,174,989 1,174,989 — — Accounts receivable 129,123 129,882 123,852 6,030 — Accounts receivable - Related parties 1,245 1,245 1,245 — — Financial liabilities Accounts payable to suppliers (53,130 ) (53,130 ) (53,130 ) — — Payables for business combination (11,733 ) (11,733 ) (7,538 ) (2,918 ) (1,277 ) Lease liability (8,150 ) (8,150 ) (3,712 ) (2,350 ) (2,088 ) Accounts payable - Related parties (145 ) (145 ) (145 ) — — 1,232,199 1,232,958 1,235,561 762 (3,365 ) December 31, 2022 Carrying Total Up to 1 year 1-3 years 3-4 Financial assets Cash and cash equivalents 1,382,268 1,382,268 1,382,268 — — Accounts receivable 141,347 142,547 134,189 8,358 — Accounts receivable - Related parties 2 2 2 — — Financial liabilities Accounts payable to suppliers (50,994 ) (50,994 ) (50,994 ) — — Payables for business combination (81,559 ) (85,809 ) (80,580 ) (4,250 ) (979 ) Lease liability (9,825 ) (16,587 ) (5,679 ) (8,834 ) (2,074 ) Dividends and interest on net equity payable (120,900 ) (120,900 ) (120,900 ) — — 1,260,339 1,250,527 1,258,306 (4,726 ) (3,053 ) | |
Summary of Net indebtedness Indexes on the Shareholders' Equity | Net indebtedness indexes on the shareholders’ equity of the Group are comprised as follows: August 7, December 31, 2023 2022 (-) Cash and cash equivalents (Note 6) (1,174,989 ) (1,382,268 ) (+) Lease liability and payables for business combinations (Notes 15 and 19) 19,883 91,384 Net indebtedness (1,155,106 ) (1,290,884 ) Total shareholders’ equity 2,297,712 2,199,224 Net debt ratio - % (50.27 %) (58.70 %) |
Employee Benefits (Tables)
Employee Benefits (Tables) - Boa Vista Servicos S.A [member] | 7 Months Ended |
Aug. 07, 2023 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Summary of Stock Options Granted on Various Dates | At each grant date, the fair value of the stock options granted was determined using the Black-Scholes formula. The dates of the 8 grants made from the beginning of the plan until the period ended August 7, 2023 Grant Month Year 1 February 2012 2 May 2018 3 August 2018 4 October 2018 5 March 2019 6 September 2019 7 November 2019 8 August 2020 |
Summary of Changes in Balances of Vested Stock Options | Changes in balances of vested stock options: August 7, December 31, December 31, 2023 2022 2021 Beginning of the period 24,970 24,970 50,014 Cancellation (*) (24,970 ) — — Options exercise April/2021 — — (25,044 ) End of the period — 24,970 24,970 |
Summary of Variations in the Quantity of Stock Options and Their Weighted Average Strike Prices | The variations in the quantity of stock options and their weighted average strike prices for the year are presented below: August 7, 2023 December 31, 2022 December 31, 2021 Average (**) Quantity of Average (**) Quantity of options Average (**) Quantity of Beginning of the period 7.17 3,534,000 6.80 3,534,000 5.77 11,292,000 Cancelled (*) 7.07 (3,534,000 ) — — — — Exercised — — — — 6.25 (7,758,000 ) End of the period — — 7.17 3,534,000 6.80 3,534,000 (*) 795.000 and 2.739.000 (**) The strike price is adjusted by monetary inflation (IGP-M) |
Summary of Restricted Shares Granted | Information on the restricted shares granted is presented in the table below: Changes in number of shares Grant date Exercise period Fair Number of New grants Realized Canceled Number of March 31, 2021 Mar/22, Mar/23 and Mar/24 11.51 263,721 — — — 263,721 February 15, 2023 Feb/24, Feb/25 and Feb/26 7.70 — 471,746 — — 471,746 June 2, 2023 Jun/26 7.72 — 1,683,442 — — 1,683,442 Total 263,721 2,155,188 — — 2,418,909 Changes in number of shares Grant date Exercise period Fair Number of 31, 2021 New grants Realized Canceled Number of March 31, 2021 Mar/22, Mar/23 and Mar/24 11.51 582,406 — (149,323 ) (169,362 ) 263,721 Total 582,406 — (149,323 ) (169,362 ) 263,721 |
Phanthom shares [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Summary of the Company Recognized Expenses Related to the Plan and a Liability | The Company recognized expenses related to the plan and a liability, based on the fair value of the awards calculated at each reporting date, as shown in the table below: August 7, December 31, December 31, 2023 2022 2021 Grant date fair value of awards 5,496 1,113 — Social security contribution 1,386 280 — Total 6,882 1,393 — |
Restricted Shares [Member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Summary of the Company Recognized Expenses Related to the Plan and a Liability | The Company recognized expenses related to the grants of the Share Plan with a corresponding capital reserve in equity, based on the method used to determine fair value of the shares on the grant as shown in the table below. August 7, December 31, December 31, 2023 2022 2021 Grant date fair value of awards 1,404 1,006 2,681 Social security contribution 335 184 868 Total 1,739 1,190 3,549 |
Transactions Not Involving Ca_2
Transactions Not Involving Cash (Tables) - Boa Vista Servicos S A [member] | 7 Months Ended |
Aug. 07, 2023 | |
Transactions not involving cash [Line Items] | |
Summary of Investing and Financing Activities not Involving Cash | The Group carried out investing and financing activities not involving cash which are not included in the statements of cash flows: August 7, December 31, 2023 2022 Contribution of assets to the formation of BVRV 182,270 — Reclassification of warrants 6,258 — Lease termination — 7,541 |
Summary of Reconciliation of Liabilities Arising from Financing Activities | Reconciliation of liabilities arising from financing activities: December Cash Non-cash August 7, Acquisition Interest Write-off Reclassification Reclassification of warrants — — — — — 6,258 6,258 Leases liabilities 9,825 (2,377 ) — 702 — — 8,150 December Cash Non-cash December Acquisition Interest Write-off Transfer to Leases liabilities 20,278 (7,463 ) 2,625 2,036 (7,541 ) (110 ) 9,825 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Earnings per share [abstract] | |
Summary of Weighted Average Number of Shares Used as the Denominator | December 31, December 31, December 31, Weighted average number of shares used as the denominator: Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating basic and diluted earnings per share 9,567,200 22,002,687 26,184,148 |
Operations - Additional Informa
Operations - Additional Information (Detail) - Boa Vista Servicos S.A [member] - BRL (R$) R$ in Millions | 7 Months Ended | |
Apr. 20, 2023 | Aug. 07, 2023 | |
Installment One [Member] | ||
Disclosure of joint ventures [line items] | ||
Percentage of contribution paid by joint ventures | 50% | |
Boa Vista [Member] | Non Payment Of Second Installment [Member] | ||
Disclosure of joint ventures [line items] | ||
Proportion of voting rights held in joint venture | 55% | |
Boa Vista [Member] | BVRV Participações S.A [Member] | ||
Disclosure of joint ventures [line items] | ||
Proportion of voting rights held in joint venture | 50% | |
Increase in proportion of shares held by joint ventures | 1 | |
R V [Member] | Non Payment Of Second Installment [Member] | ||
Disclosure of joint ventures [line items] | ||
Proportion of voting rights held in joint venture | 45% | |
R V [Member] | BVRV Participações S.A [Member] | ||
Disclosure of joint ventures [line items] | ||
Cash contributed by joint venture | R$ 70 | |
Proportion of voting rights held in joint venture | 50% | |
Reduction in proportion of shares held by joint ventures | 1 | |
Period within second installment has to be paid | 18 months | |
R V [Member] | BVRV Participações S.A [Member] | Non Payment Of Second Installment [Member] | ||
Disclosure of joint ventures [line items] | ||
Period within second installment has to be paid | 18 months | |
Percentage of compensatory penalty | 50% | |
Additional percent per month to compensatory penalty | 1% | |
R V [Member] | Installment Two [Member] | BVRV Participações S.A [Member] | ||
Disclosure of joint ventures [line items] | ||
Percentage of contribution paid by joint ventures | 50% |
Operations - Summary of Detaile
Operations - Summary of Detailed Information of Joint Ventures (Detail) - Boa Vista Servicos S A [member] - BVRV Participações S.A [Member] | 7 Months Ended |
Aug. 07, 2023 shares | |
Disclosure of joint ventures [line items] | |
% of ownership interest | 100% |
Boa Vista [Member] | |
Disclosure of joint ventures [line items] | |
% of ownership interest | 55% |
R V [Member] | |
Disclosure of joint ventures [line items] | |
% of ownership interest | 45% |
Ordinary shares [member] | |
Disclosure of joint ventures [line items] | |
Quantity | 322,000,001 |
% of ownership interest | 100% |
Ordinary shares [member] | Boa Vista [Member] | |
Disclosure of joint ventures [line items] | |
Quantity | 161,000,000 |
% of ownership interest | 50% |
Ordinary shares [member] | R V [Member] | |
Disclosure of joint ventures [line items] | |
Quantity | 161,000,001 |
% of ownership interest | 50% |
Preference shares [member] | |
Disclosure of joint ventures [line items] | |
Quantity | 35,000,000 |
% of ownership interest | 100% |
Preference shares [member] | Boa Vista [Member] | |
Disclosure of joint ventures [line items] | |
Quantity | 35,000,000 |
% of ownership interest | 100% |
Preference shares [member] | R V [Member] | |
Disclosure of joint ventures [line items] | |
Quantity | 0 |
% of ownership interest | 0% |
Description of Business, and _4
Description of Business, and Basis of Presentation and Summary of Significant Accounting Policies - Summary of Estimated Useful Lives (Detail) | 12 Months Ended |
Dec. 31, 2023 | |
Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life years | 5 years |
Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life years | 7 years |
Trademark [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life years | 2 years |
Database [member] | Bottom of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life years | 5 years |
Database [member] | Top of range [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life years | 7 years |
Software [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life years | 5 years |
Customer portfolio [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life years | 10 years |
Non-compete agreement [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Useful life years | 15 years |
Description of Business, and _5
Description of Business, and Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - BRL (R$) R$ in Thousands | 12 Months Ended | ||||
May 12, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Aug. 07, 2023 | |
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | |||||
Financial assets at fair value through profit or loss | R$ 300303 | ||||
Gains (losses) on financial assets at fair value through profit or loss | R$ 40460 | R$ 66709 | R$ 352077 | ||
Applicable tax rate | 15% | ||||
Tax expense income at applicable surcharge tax rate | 10% | ||||
Threshold taxable income | R$ 240000 | ||||
Income tax expense continuing operations per month | R$ 20000 | ||||
Average effective tax rate | (66.10%) | 32.80% | 34.30% | ||
Minimum [Member] | |||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | |||||
Tax expense income at applicable social contribution tax rate | 9% | ||||
Maximum [Member] | |||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | |||||
Tax expense income at applicable social contribution tax rate | 30% | ||||
Other Income [Member] | |||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | |||||
Dividends received | R$ 14553 | R$ 5053 | |||
Pillar Two Model Rules [Member] | |||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | |||||
Average effective tax rate | 15% | ||||
Boa Vista Servicos S.A [member] | |||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | |||||
Proportion of ownership interests held by non-controlling interests | 9.95% | ||||
Financial assets at fair value through profit or loss | R$ 179589 | R$ 1305357 | |||
Boa Vista Servicos S.A [member] | Financial assets at fair value through profit or loss, category [member] | |||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | |||||
Proportion of ownership interests held by non-controlling interests | 9.95% | ||||
Neuroanalitica Participacoes Ltda [Member] | |||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | |||||
Financial assets at fair value through profit or loss | R$ 2576 | ||||
Neuroanalitica Participacoes Ltda [Member] | Financial assets at fair value through profit or loss, category [member] | |||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | |||||
Proportion of ownership interests held by non-controlling interests | 9.50% | ||||
Gains (losses) on financial assets at fair value through profit or loss | R$ 31211 |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) - BRL (R$) R$ in Thousands | 5 Months Ended | |
Dec. 31, 2023 | Aug. 07, 2023 | |
Disclosure of detailed information about business combination [line items] | ||
Revenue of acquiree since acquisition date | R$ 320376 | |
Profit (loss) of acquiree since acquisition date | 54,619 | |
Revenue of combined entity as if combination occurred at beginning of period | 814,991 | |
Profit (loss) of combined entity as if combination occurred at beginning of period | 312,443 | |
Boa Vista Servicos S A [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Consideration transferred, acquisition-date fair value | R$ 4239997 | R$ 4240000 |
Business Combinations - Summary
Business Combinations - Summary of Acquired Assets and Assumed Liabilities at the Date of the Acquisition (Detail) - Boa Vista Servicos S A [member] R$ in Thousands | Dec. 31, 2023 BRL (R$) |
Disclosure Of Detailed Information Of Acquired Assets And Assumed Liabilities At The Date Of The Acquisition [Line Items] | |
Cash and cash equivalents | R$ 1172874 |
Trade accounts receivable and other current assets | 172,054 |
Other assets, net | 240,292 |
Purchased intangible assets | 1,182,628 |
Goodwill | 1,994,493 |
Total assets acquired | 4,762,341 |
Total liabilities assumed | (522,344) |
Net assets acquired | R$ 4239997 |
Business Combinations - Summa_2
Business Combinations - Summary of Fair Value of Consideration Exchange (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 |
Disclosure of detailed information about business combination [line items] | ||
Cash transferred | R$ 2489994 | |
Fair value of 9.95% investment | 420,905 | |
Total value of consideration | 4,239,997 | R$ 4240000 |
Ordinary shares [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Equifax | 863,779 | |
Brazilian Depositary Receipts [member] | ||
Disclosure of detailed information about business combination [line items] | ||
Equifax | R$ 465319 |
Business Combinations - Summa_3
Business Combinations - Summary of Fair Value of Consideration Exchange (Parenthetical) (Detail) - Boa Vista Servicos S.A [member] | Dec. 31, 2023 shares |
Ordinary shares [member] | |
Disclosure of detailed information about business combination [line items] | |
Fair Value Of Shares Of Acquirer | 2,171,613 |
Brazilian Depositary Receipts [member] | |
Disclosure of detailed information about business combination [line items] | |
Fair Value Of Shares Of Acquirer | 479,725 |
Operating segment - Additional
Operating segment - Additional Information (Detail) - SEGMENT | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of operating segments [line items] | |||
Number Of Reportable Segments | 1 | ||
Boa Vista Servicos S A [member] | |||
Disclosure of operating segments [line items] | |||
Number Of Reportable Segments | 1 | 1 |
Revenue - Additional Informatio
Revenue - Additional Information (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Detailed Information Of Revenue From Rendering Services [Line Items] | ||||
Revenue from rendering of services | R$ 320376 | |||
Bottom of range [member] | ||||
Disclosure Of Detailed Information Of Revenue From Rendering Services [Line Items] | ||||
Percentage of customer representing revenue | 10% | |||
Top of range [member] | ||||
Disclosure Of Detailed Information Of Revenue From Rendering Services [Line Items] | ||||
Percentage of customer representing revenue | 10.16% | |||
Boa Vista Servicos S A [member] | ||||
Disclosure Of Detailed Information Of Revenue From Rendering Services [Line Items] | ||||
Revenue from rendering of services | R$ 494615 | R$ 872293 | R$ 751282 | |
Percentage of entity's revenue | 11.90% | 7% | 9.82% | 11.25% |
Revenue from contracts with customers | R$ 3795 | R$ 10730 | R$ 0 |
Revenue - Summary of Detailed I
Revenue - Summary of Detailed Information of Revenue from Rendering Services (Detail) R$ in Thousands | 12 Months Ended |
Dec. 31, 2023 BRL (R$) | |
Disclosure Of Detailed Information Of Revenue From Rendering Services [Line Items] | |
Tax (10.86%) | R$ 39368 |
Total Net Revenue | 320,376 |
Decision services [member] | |
Disclosure Of Detailed Information Of Revenue From Rendering Services [Line Items] | |
Services | 298,211 |
Recovery services [member] | |
Disclosure Of Detailed Information Of Revenue From Rendering Services [Line Items] | |
Services | R$ 61533 |
Revenue - Summary of Disaggrega
Revenue - Summary of Disaggregation of Revenue from Contracts with Customers (Detail) - Boa Vista Servicos S.A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue from contracts with customers | R$ 494615 | R$ 872293 | R$ 751282 |
Goods or services transferred over time [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue from contracts with customers | 494,615 | 872,293 | 751,282 |
Risk analytics [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue from contracts with customers | 278,805 | 473,030 | 417,953 |
Legacy data report [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue from contracts with customers | 80,142 | 144,064 | 145,181 |
Marketing services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue from contracts with customers | 24,265 | 45,030 | 38,922 |
Anti-fraud solutions [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue from contracts with customers | 16,382 | 31,252 | 16,629 |
Consumer services [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue from contracts with customers | 12,797 | 45,733 | 29,556 |
Digital solutions [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue from contracts with customers | 60,492 | 90,435 | 58,855 |
Printed solutions [member] | |||
Disclosure of disaggregation of revenue from contracts with customers [line items] | |||
Revenue from contracts with customers | R$ 21732 | R$ 42749 | R$ 44186 |
Costs of Services Rendered, S_3
Costs of Services Rendered, Selling Expenses, General and Administrative Expenses by Nature - Summary of Nature of Expenses and Cost of Services (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Nature | |||||
Salaries, benefits and charges | R$ 90968 | R$ 152 | R$ 134 | ||
Technology services | (22,187) | ||||
Maintenance | (18,737) | ||||
Communications and other variable costs | (11,481) | ||||
Consulting, auditing and legal | (22,706) | (1,080) | (1,735) | ||
Commissions | (6,380) | ||||
Sales and marketing | (5,171) | ||||
Depreciation and amortization | (74,391) | ||||
Impairment losses on non-financial assets | (2,033) | ||||
Expected credit losses on accounts receivable | 266 | ||||
Others | 125 | (2,121) | (1,119) | ||
Total | (253,663) | (3,353) | (2,988) | ||
Classified as: | |||||
Total | (253,663) | (3,353) | (2,988) | ||
Cost of services rendered [member] | |||||
Classified as: | |||||
Total | (147,359) | ||||
Selling expenses [member] | |||||
Classified as: | |||||
Total | (30,595) | ||||
General and administrative expenses [member] | |||||
Classified as: | |||||
Total | R$ 75709 | (3,353) | (2,988) | ||
Boa Vista Servicos S A [member] | |||||
Nature | |||||
Salaries, benefits and charges | R$ 159818 | (261,528) | (188,116) | ||
Technology services | (29,479) | (41,503) | (63,025) | ||
Maintenance | (26,113) | (44,568) | (45,803) | ||
Communications and other variable costs | (18,146) | (42,393) | (54,033) | ||
Consulting, auditing and legal | (63,168) | (39,714) | (31,909) | ||
Commissions | (9,458) | (14,948) | (13,742) | ||
Sales and marketing | (7,427) | (10,192) | (11,204) | ||
Depreciation and amortization | (115,345) | (195,583) | (188,235) | ||
Impairment losses on non-financial assets | [1] | 0 | 0 | (23,360) | |
Expected credit losses on accounts receivable | (3,477) | (815) | (1,506) | ||
Others | (11,894) | (5,467) | (14,922) | ||
Total | (444,325) | (656,711) | (635,855) | ||
Classified as: | |||||
Total | (444,325) | (656,711) | (635,855) | ||
Boa Vista Servicos S A [member] | Cost of services rendered [member] | |||||
Classified as: | |||||
Total | (228,167) | (369,293) | (368,952) | ||
Boa Vista Servicos S A [member] | Selling expenses [member] | |||||
Classified as: | |||||
Total | (51,945) | (69,116) | (60,329) | ||
Boa Vista Servicos S A [member] | General and administrative expenses [member] | |||||
Classified as: | |||||
Total | R$ 164213 | R$ 218302 | R$ 206574 | ||
[1]In the year ended December 31, 2021, the amount of R$23,360 recorded in this account refers to impairment of assets of CGU Acordo Certo. |
Costs of Services Rendered, S_4
Costs of Services Rendered, Selling Expenses, General and Administrative Expenses by Nature - Summary of Nature of Expenses and Cost of Services (Parenthetical) (Detail) R$ in Thousands | 12 Months Ended |
Dec. 31, 2021 BRL (R$) | |
Boa Vista Servicos S A [member] | |
Disclosure of attribution of expenses by nature to their function [line items] | |
Impairment loss on financial assets | R$ 23360 |
Financial Income (Expenses) - S
Financial Income (Expenses) - Summary of Financial Income and Expenses (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Financial income | ||||
Discounts obtained | R$ 337 | |||
Interest and fines on accounts receivable | 372 | |||
Interest income arising from financial assets | 29,360 | R$ 398 | R$ 73 | |
Adjustment at present value | 157 | |||
Other financial income | 3,380 | |||
Total financial income | 33,606 | 398 | 73 | |
Financial expenses | ||||
Discounts granted | (161) | |||
Interest and fines – liabilities | (8,977) | |||
Interest on leases | (394) | |||
Other financial expenses | (24,940) | (889) | (1) | |
Total financial expenses | (34,472) | (889) | (1) | |
Finance income (expense), net | R$ 866 | (491) | 72 | |
Boa Vista Servicos S A [member] | ||||
Financial income | ||||
Discounts obtained | R$ 479 | 411 | 27 | |
Interest and fines on accounts receivable | 606 | 1,238 | 1,019 | |
Change in fair value of contingent consideration | 0 | 0 | 79,538 | |
Interest income arising from financial assets | 97,320 | 149,994 | 54,265 | |
Interest income on long term receivables | 441 | 768 | 961 | |
Other financial income | 3,895 | 2,483 | 1,148 | |
Total financial income | 102,741 | 154,894 | 136,958 | |
Financial expenses | ||||
Discounts granted | (448) | (807) | (894) | |
Interest and fines – liabilities | (356) | (136) | (174) | |
Interest on leases | (702) | (1,940) | (2,263) | |
Interest on bank loans and borrowings | 0 | (182) | (3,060) | |
Interest on debentures | 0 | (4,687) | (7,463) | |
Change in fair value of contingent consideration | 0 | (20,676) | 0 | |
Unwinding of the time value of money | (12,033) | (1,218) | (470) | |
Other financial expenses | (5,467) | (2,623) | (1,905) | |
Total financial expenses | (19,006) | (32,269) | (16,229) | |
Finance income (expense), net | R$ 83735 | R$ 122625 | R$ 120729 |
Financial Income (Expenses) -_2
Financial Income (Expenses) - Summary of Financial Income and Expenses (Parenthetical) (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Finance Income Expense [Line Items] | ||||
Financial income | R$ 33606 | R$ 398 | R$ 73 | |
Boa Vista Servicos S A [member] | ||||
Disclosure Of Finance Income Expense [Line Items] | ||||
Financial income | R$ 102741 | 154,894 | 136,958 | |
Financial expenses for investment acquisition | 8,696 | 1,218 | 470 | |
Expenses for post business combination services | R$ 3337 | 0 | 0 | |
Boa Vista Servicos S A [member] | Finance Income Expenses [Member] | ||||
Disclosure Of Finance Income Expense [Line Items] | ||||
Provision net of recoveries on other finance income | 1,007 | 3,879 | ||
Financial income | R$ 83417 | |||
Boa Vista Servicos S A [member] | Finance Income Expenses [Member] | Accordo Certo [member] | ||||
Disclosure Of Finance Income Expense [Line Items] | ||||
Gain losses due to changes in fair value of contingent consideration | R$ 21683 |
Subsidiary - Summary of Interes
Subsidiary - Summary of Interest in Subsidiaries (Detail) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Boa Vista Servios S.A [Member] | Acordo Certo Participaes S.A [member] | ||
Disclosure of subsidiaries [line items] | ||
Ownership interest | 0% | 100% |
Subsidiary - Additional Informa
Subsidiary - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2020 | |
Boa Vista Servios S.A [Member] | Acordo Certo Ltda [Member] | |
Disclosure of subsidiaries [line items] | |
Ownership interest | 100% |
Material Accounting Policies -
Material Accounting Policies - Summary of Estimated Useful Lives (Detail) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2023 | |
Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 5 years | |
Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 7 years | |
Database [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 5 years | |
Database [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 7 years | |
Software [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 5 years | |
Relationship with customers acquired in business combination [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 10 years | |
Non-compete agreement [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 15 years | |
Boa Vista Servios S.A [Member] | Database [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 5 years | |
Boa Vista Servios S.A [Member] | Software [member] | Bottom of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 5 years | |
Boa Vista Servios S.A [Member] | Software [member] | Top of range [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 8 years | |
Boa Vista Servios S.A [Member] | Relationship with customers acquired in business combination [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 17 years | |
Boa Vista Servios S.A [Member] | Non-compete agreement [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Useful life years | 15 years |
Material Accounting Policies _2
Material Accounting Policies - Summary of Estimated Useful Lives of the Property and Equipment (Detail) - Boa Vista Servios S.A [Member] | 7 Months Ended |
Aug. 07, 2023 | |
Leasehold improvements [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life - years | 10 years |
Machinery and equipment [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life - years | 10 years |
Facilities [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life - years | 10 years |
Furniture and fixtures [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life - years | 10 years |
IT equipment [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life - years | 5 years |
Right of use of real estate [member] | |
Disclosure of detailed information about property, plant and equipment [line items] | |
Useful life - years | 10 years |
Material accounting policies _3
Material accounting policies - Additional Information (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||||
Applicable tax rate | 34% | 34% | 34% | |
Tax expense income at applicable surcharge tax rate | 10% | |||
Threshold taxable income | R$ 240000 | |||
Income tax expense continuing operations per month | R$ 20000 | |||
Average effective tax rate | (66.10%) | 32.80% | 34.30% | |
Pillar Two Model Rules [Member] | ||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||||
Average effective tax rate | 15% | |||
Minimum [Member] | ||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||||
Tax expense income at applicable social contribution tax rate | 9% | |||
Maximum [Member] | ||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||||
Tax expense income at applicable social contribution tax rate | 30% | |||
Boa Vista Servios S.A [Member] | ||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||||
Applicable tax rate | 15% | |||
Tax expense income at applicable surcharge tax rate | 10% | |||
Threshold taxable income | R$ 240 | |||
Income tax expense continuing operations per month | R$ 20 | |||
Minimum percentage of mandatory dividends explanatory | 25% | |||
Boa Vista Servios S.A [Member] | Pillar Two Model Rules [Member] | ||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||||
Average effective tax rate | 15% | |||
Boa Vista Servios S.A [Member] | Minimum [Member] | ||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||||
Tax expense income at applicable social contribution tax rate | 9% | |||
Boa Vista Servios S.A [Member] | Maximum [Member] | ||||
Disclosure of Description of Business and Basis of Presentation and Summary of Significant Accounting Policies [Line Items] | ||||
Tax expense income at applicable social contribution tax rate | 30% |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Cash And Cash Equivalents [Line Items] | |||||
Cash | R$ 11 | R$ 0 | |||
Bank balances | 10,885 | 3,541 | |||
Deposits | 153,199 | 0 | |||
Total | R$ 164095 | 3,541 | R$ 843 | R$ 4117 | |
Boa Vista Servicos S A [member] | |||||
Cash And Cash Equivalents [Line Items] | |||||
Cash | R$ 11 | 11 | |||
Bank balances | 7,155 | 253 | |||
Deposits | 1,167,823 | 1,382,004 | |||
Total | R$ 1174989 | R$ 1382268 |
Cash and Cash Equivalents - S_2
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Parenthetical) (Detail) | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Cash And Cash Equivalents [Line Items] | |||
Percentage of yield from interbank deposits | 94.74% | ||
Boa Vista Servicos S A [member] | |||
Cash And Cash Equivalents [Line Items] | |||
Percentage of yield from interbank deposits | 103.05% | 102.88% |
Trade Receivables, Net - Summar
Trade Receivables, Net - Summary of Trade Receivables (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Trade Receivables Net [Line Items] | ||||
Customer receivables for services provided | R$ 135998 | |||
Expected credit losses | (1,566) | R$ 0 | ||
Total | 134,432 | |||
Current | 129,312 | |||
Non-current | R$ 5120 | |||
Boa Vista Servicos S A [member] | ||||
Trade Receivables Net [Line Items] | ||||
Customer receivables for services provided | R$ 133158 | 143,542 | ||
Expected credit losses | (4,035) | (2,195) | R$ 3281 | |
Total | 129,123 | 141,347 | ||
Current | 123,093 | 132,989 | ||
Non-current | R$ 6030 | R$ 8358 |
Trade Receivables, Net - Summ_2
Trade Receivables, Net - Summary of Trade Receivables (Parenthetical) (Detail) - BRL (R$) R$ in Thousands | Aug. 07, 2023 | Dec. 31, 2022 |
Boa Vista Servicos S A [member] | ||
Trade Receivables Net [Line Items] | ||
Fair value of revenue recognized on performance obligation | R$ 759 | R$ 1200 |
Trade Receivables, Net - Summ_3
Trade Receivables, Net - Summary of Changes in Allowance Account for Credit Losses of Financial Assets (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Trade Receivables Net [Line Items] | |||
Beginning of the year | R$ 0 | R$ 0 | |
Acquisition | 1,858 | ||
Net remeasurement of loss allowances | (292) | ||
End of the year | 1,566 | R$ 0 | |
Boa Vista Servicos S A [member] | |||
Trade Receivables Net [Line Items] | |||
Beginning of the year | 2,195 | R$ 2195 | 3,281 |
Amounts written off | (1,637) | (1,880) | |
Net remeasurement of loss allowances | 3,477 | 815 | |
Transfer to assets held for sale | 0 | (21) | |
End of the year | R$ 4035 | R$ 2195 |
Trade Receivables, Net - Summ_4
Trade Receivables, Net - Summary of Accounts Receivable by Maturity Date and the Analysis of Loss Allowance (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 129312 | ||
Overdue for more than 90 days | 5,120 | ||
Total | R$ 134432 | ||
Boa Vista Servicos S A [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 123093 | R$ 132989 | |
Overdue for more than 90 days | 6,030 | 8,358 | |
Total | 129,123 | 141,347 | |
Boa Vista Servicos S A [member] | Gross carrying amount [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Total | 133,158 | 143,542 | |
Boa Vista Servicos S A [member] | Loss allowance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Total | R$ 4035 | R$ 2195 | |
Boa Vista Servicos S A [member] | Falling due [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Average rate of expected loss | 0.36% | 0.26% | |
Boa Vista Servicos S A [member] | Falling due [member] | Gross carrying amount [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 124977 | R$ 128241 | |
Boa Vista Servicos S A [member] | Falling due [member] | Loss allowance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 456 | R$ 333 | |
Boa Vista Servicos S A [member] | Overdue 1-30 days [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Average rate of expected loss | 5.39% | 5.03% | |
Boa Vista Servicos S A [member] | Overdue 1-30 days [member] | Gross carrying amount [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 3560 | R$ 4054 | |
Boa Vista Servicos S A [member] | Overdue 1-30 days [member] | Loss allowance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 192 | R$ 204 | |
Boa Vista Servicos S A [member] | Overdue 31-60 days [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Credit recovery score | High/low score | ||
Average rate of expected loss | 23.13% | 15.79% | |
Boa Vista Servicos S A [member] | Overdue 31-60 days [member] | Gross carrying amount [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 947 | R$ 994 | |
Boa Vista Servicos S A [member] | Overdue 31-60 days [member] | Loss allowance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 219 | R$ 157 | |
Boa Vista Servicos S A [member] | Overdue 61-90 days [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Average rate of expected loss | 75.35% | 25.52% | |
Boa Vista Servicos S A [member] | Overdue 61-90 days [member] | Gross carrying amount [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 354 | R$ 290 | |
Boa Vista Servicos S A [member] | Overdue 61-90 days [member] | Loss allowance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Customers past due up to 90 days | R$ 267 | R$ 74 | |
Boa Vista Servicos S A [member] | Overdue for more than 90 days [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Credit recovery score | High score | ||
Average rate of expected loss | 89.32% | 10.74% | |
Boa Vista Servicos S A [member] | Overdue for more than 90 days [member] | Gross carrying amount [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Overdue for more than 90 days | R$ 2973 | R$ 9553 | |
Boa Vista Servicos S A [member] | Overdue for more than 90 days [member] | Loss allowance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Overdue for more than 90 days | R$ 2656 | R$ 1026 | |
Boa Vista Servicos S A [member] | Overdue for more than 90 days 1 [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Credit recovery score | Low score | ||
Average rate of expected loss | 70.71% | 97.80% | |
Boa Vista Servicos S A [member] | Overdue for more than 90 days 1 [member] | Gross carrying amount [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Overdue for more than 90 days | R$ 346 | R$ 410 | |
Boa Vista Servicos S A [member] | Overdue for more than 90 days 1 [member] | Loss allowance [member] | |||
Disclosure of financial assets that are either past due or impaired [line items] | |||
Overdue for more than 90 days | R$ 245 | R$ 401 |
Recoverable Taxes - Summary of
Recoverable Taxes - Summary of Income Tax and Social Contribution (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Recoverable Taxes [Line Items] | |||
Income tax recoverable | R$ 59560 | ||
Social contribution recoverable | R$ 3362 | ||
Boa Vista Servicos S A [member] | |||
Recoverable Taxes [Line Items] | |||
Income tax recoverable | R$ 44911 | R$ 38936 | |
Social contribution recoverable | 13,443 | 16,600 | |
Total | 58,354 | 55,536 | |
Current | 58,354 | 55,536 | |
Non-current | R$ 0 | R$ 0 |
Recoverable Taxes - Summary o_2
Recoverable Taxes - Summary of Other Tax Assets (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | Aug. 07, 2023 | Dec. 31, 2022 |
Recoverable Taxes [Line Items] | ||
Social integration program | R$ 284 | R$ 272 |
Withholding tax | 18,912 | 14,931 |
Other | 367 | 1,144 |
Total | 19,563 | 16,347 |
Current | 19,310 | 15,936 |
Non-current | R$ 253 | R$ 411 |
Indemnification Asset - Additio
Indemnification Asset - Additional Information (Detail) - Boa Vista Servicos S A [member] R$ in Thousands | May 26, 2023 BRL (R$) |
Indemnification Asset [Line Items] | |
Amount deposited in Escrow account | R$ 15000 |
Increase decrease in fair value measurement of indemnification assets | R$ 214 |
Taxation - Additional Informati
Taxation - Additional Information (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Major components of tax expense (income) [abstract] | |||
Unused tax losses for which no deferred tax asset recognised | R$ 16697 | R$ 18816 | R$ 19775 |
Taxation - Summary of Income Ta
Taxation - Summary of Income Tax and Social Contribution (Detail) R$ in Thousands | Dec. 31, 2023 BRL (R$) |
Major components of tax expense (income) [abstract] | |
Income tax recoverable | R$ 59560 |
Social contribution recoverable | 3,362 |
Total | 62,922 |
Current | 62,922 |
Non-current | R$ 0 |
Taxation - Summary of Other Tax
Taxation - Summary of Other Tax Assets (Detail) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 BRL (R$) | ||
Disclosure Of Other Tax Assets [Line Items] | ||
Withholding tax | R$ 217 | |
Total | 829 | |
Current | 690 | |
Non-current | 139 | |
Social Integration Program [Member] | ||
Disclosure Of Other Tax Assets [Line Items] | ||
Total | 272 | [1] |
Other [Member] | ||
Disclosure Of Other Tax Assets [Line Items] | ||
Total | R$ 340 | |
[1]Refers to Social Integration Program (PIS) and Social Contribution on Revenues (COFINS). |
Taxation - Summary of Taxes Pay
Taxation - Summary of Taxes Payable (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Taxes Payables [Line Items] | ||
Taxes payable | R$ 62075 | R$ 5350 |
Current | 9,709 | 0 |
Non-current | 52,366 | 5,350 |
PIS and COFINS payable [Member] | ||
Disclosure Of Taxes Payables [Line Items] | ||
Current | 3,122 | 0 |
Withholding income tax (IRRF) [Member] | ||
Disclosure Of Taxes Payables [Line Items] | ||
Current | 4,838 | 0 |
Service tax (ISS) payable [Member] | ||
Disclosure Of Taxes Payables [Line Items] | ||
Current | 1,668 | 0 |
Other taxes payable [Member] | ||
Disclosure Of Taxes Payables [Line Items] | ||
Current | 81 | 0 |
Non-current | 4,465 | 5,350 |
INSS on Severance pay [Member] | ||
Disclosure Of Taxes Payables [Line Items] | ||
Non-current | 8,719 | 0 |
ISS - PIS and COFINS basis [Member] | ||
Disclosure Of Taxes Payables [Line Items] | ||
Non-current | 19,578 | 0 |
Deductibility - SEBRAE/INCRA and FNDE [Member] | ||
Disclosure Of Taxes Payables [Line Items] | ||
Non-current | R$ 19604 | R$ 0 |
Taxation - Summary of Amounts R
Taxation - Summary of Amounts Recognized in Profit or Loss for the Year (Detail) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Major components of tax expense (income) [abstract] | |||
Current Income tax expense (benefit) | R$ 36065 | R$ 2706 | R$ 275 |
Deferred Income tax expense (benefit) | (122,748) | 22,681 | (119,706) |
Total income tax expense (benefit) | R$ 86683 | R$ 25387 | R$ 119981 |
Taxation - Summary of Tax Expen
Taxation - Summary of Tax Expense Reconciliation (Detail) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Major components of tax expense (income) [abstract] | |||
Profit (loss) before income tax | R$ 131150 | R$ 77415 | R$ 349945 |
Nominal rates | 34% | 34% | 34% |
Income tax expense (benefit) at nominal rates | R$ 44591 | R$ 26321 | R$ 118981 |
Permanent (additions) exclusions: | |||
Deferred utilization | (2,119) | (960) | 0 |
Nondeductible interest expense | 2,931 | 410 | 0 |
Tax reserve | 145 | 144 | (491) |
Non-taxable financial income | 0 | (118) | 0 |
Share of net loss of joint venture | 2,348 | 0 | 0 |
Other non-deductible additions and exclusions | 1,268 | 0 | 0 |
Labor incentives | (2,677) | 0 | 0 |
Goodwill amortization Konduto | 572 | 0 | 0 |
tax effect of non taxable dividends | 0 | (383) | (527) |
Other | (90) | (27) | 18 |
Total income tax before discrete | R$ 46969 | R$ 25387 | R$ 119981 |
Total effective tax rate before discrete | 35.8 | 32.8 | 34.3 |
Discrete for BVS DTL write-off | R$ 133652 | R$ 0 | R$ 0 |
Total income tax expense (benefit) | R$ 86683 | R$ 25387 | R$ 119981 |
Total effective tax rate after discrete | (66.10%) | 32.80% | 34.30% |
Taxation - Summary Changes in B
Taxation - Summary Changes in Balances of Deferred Tax Assets and Deferred Tax Liabilities (Detail) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability Asset [Line Items] | ||
Beginning balance | R$ 0 | |
Additions | 1,219 | |
Ending balance | 47,901 | R$ 0 |
Balance at the beginning of the period | 120,691 | 98,009 |
Additions | 22,682 | |
Write-offs | 0 | |
Balance at the end of the period | 120,691 | |
BVS acquisition [Member] | ||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability Asset [Line Items] | ||
Beginning balance | 0 | |
Additions | 0 | |
Acquisitions | 30,626 | |
Write-offs | 0 | |
Ending balance | 30,626 | 0 |
BVS temporary differences [Member] | ||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability Asset [Line Items] | ||
Beginning balance | 0 | |
Additions | 3,503 | |
Acquisitions | 0 | |
Write-offs | 0 | |
Ending balance | 3,503 | 0 |
Deferred Income Tax Assets [Member] | ||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability Asset [Line Items] | ||
Beginning balance | 0 | |
Additions | 3,503 | |
Acquisitions | 30,626 | |
Write-offs | 0 | |
Ending balance | 34,129 | 0 |
BVS acquisition [Member] | ||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability Asset [Line Items] | ||
Beginning balance | 0 | |
Additions | 1,446 | |
Acquisitions | 404,176 | |
Write-offs | 0 | |
Ending balance | 405,622 | 0 |
Outside basis difference on investment in BVS [Member] | ||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability Asset [Line Items] | ||
Beginning balance | 120,691 | |
Additions | 12,961 | |
Acquisitions | 0 | |
Write-offs | (133,652) | |
Ending balance | 0 | 120,691 |
Balance at the beginning of the period | 120,691 | 98,009 |
Additions | 22,682 | |
Write-offs | 0 | |
Balance at the end of the period | 120,691 | |
Deferred Income Tax Liabilities [Member] | ||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability Asset [Line Items] | ||
Beginning balance | 120,691 | |
Additions | 14,407 | |
Acquisitions | 404,176 | |
Write-offs | (133,652) | |
Ending balance | R$ 405622 | R$ 120691 |
Taxation - Summary of Changes i
Taxation - Summary of Changes in Tax Liabilities Subject to Legal Proceedings (Detail) R$ in Thousands | 12 Months Ended |
Dec. 31, 2023 BRL (R$) | |
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | |
Beginning balance | R$ 0 |
Acquisition | 45,431 |
Principal additions | 1,219 |
Interest additions | 1,251 |
Ending balance | 47,901 |
INSS on Severance pay [Member] | |
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | |
Beginning balance | 0 |
Acquisition | 7,843 |
Principal additions | 549 |
Interest additions | 327 |
Ending balance | 8,719 |
ISS - PIS and COFINS basis [Member] | |
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | |
Beginning balance | 0 |
Acquisition | 18,220 |
Principal additions | 670 |
Interest additions | 688 |
Ending balance | 19,578 |
Deductibility - SEBRAE/INCRA and FNDE [Member] | |
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | |
Beginning balance | 0 |
Acquisition | 19,368 |
Principal additions | 0 |
Interest additions | 236 |
Ending balance | R$ 19604 |
Interest in Joint Venture - Add
Interest in Joint Venture - Additional Information (Detail) | 12 Months Ended | |
Feb. 23, 2024 | Dec. 31, 2023 | |
Consumidor Positivo Participaes S.A. [Member] | ||
Disclosure of joint ventures [line items] | ||
% of ownership interest | 55% | |
Proportion of voting rights held in joint venture | 50% | |
Proportion of preferred shares held in joint venture | 100% | |
Proportion of voting rights and shares held in joint venture | 50% of the voting share capital of the Joint Venture minus 1 share | |
R V [Member] | ||
Disclosure of joint ventures [line items] | ||
% of ownership interest | 45% | |
Proportion of voting rights held in joint venture | 50% | |
Proportion of voting rights and shares held in joint venture | 50% of the voting share capital of the Joint Venture plus 1 share. |
Interest in Joint Venture - Sum
Interest in Joint Venture - Summary of Interest in Joint Venture (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of associates [line items] | |||
Interest in joint venture | R$ 184011 | ||
Share of loss for the period | (6,378) | ||
Non-current assets | 3,696,631 | R$ 388070 | |
Current assets (including cash and cash equivalents) | 381,953 | 16,034 | |
Current liabilities (including current financial liabilities excluding trade and other payables and provisions – R$ 0) | (151,728) | (4,422) | |
Net assets (100%) | R$ 3232111 | R$ 266921 | |
Consumidor Positivo Participações S.A. [Member] | |||
Disclosure of associates [line items] | |||
% of ownership interest | 55% | ||
Interest in joint venture | R$ 184011 | ||
Share of loss for the period | (6,378) | ||
Non-current assets | 331,934 | ||
Current assets (including cash and cash equivalents) | 35,550 | ||
Current liabilities (including current financial liabilities excluding trade and other payables and provisions – R$ 0) | (7) | ||
Net assets (100%) | 367,477 | ||
Carrying amount of interest in joint venture | 184,011 | ||
Loss and total comprehensive loss | (11,596) | ||
Company's share of total comprehensive loss | R$ 6378 | ||
Boa Vista Servios S.A [Member] | |||
Disclosure of associates [line items] | |||
Interest in joint venture | R$ 179260 | ||
Share of loss for the period | R$ 3010 | ||
Boa Vista Servios S.A [Member] | BVRV Participacoes S A [Member] | |||
Disclosure of associates [line items] | |||
% of ownership interest | 55% | ||
Interest in joint venture | R$ 179260 | ||
Share of loss for the period | R$ 3010 |
Interest in Joint Venture - S_2
Interest in Joint Venture - Summary of Interest in Joint Ventures (Parenthetical) (Detail) R$ in Thousands | 4 Months Ended | ||||||
Aug. 07, 2023 BRL (R$) | Aug. 07, 2023 BRL (R$) | Dec. 31, 2023 BRL (R$) | Apr. 20, 2023 BRL (R$) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2020 BRL (R$) | |
Disclosure of joint operations [line items] | |||||||
Cash and cash equivalents | R$ 164095 | R$ 3541 | R$ 843 | R$ 4117 | |||
Consumidor Positivo Participacoes S A [Member] | |||||||
Disclosure of joint operations [line items] | |||||||
Cash and cash equivalents | 441 | ||||||
Current financial liabilities | R$ 0 | ||||||
Proportion of net asset | 100% | ||||||
Boa Vista Servicos S A [member] | |||||||
Disclosure of joint operations [line items] | |||||||
Cash and cash equivalents | R$ 1174989 | R$ 1174989 | R$ 1382268 | ||||
Consideration transferred | R$ 720 | ||||||
Boa Vista Servicos S A [member] | BVRV Participacoes S A [Member] | |||||||
Disclosure of joint operations [line items] | |||||||
Cash and cash equivalents | 495 | 495 | |||||
Current financial liabilities | R$ 0 | R$ 0 | |||||
Proportion of net asset | 100% | 100% | |||||
Proportion of Contribution of Asset in Joint Venture | 50 | ||||||
Consideration transferred | R$ 182270 | R$ 182270 | R$ 182270 | ||||
Proportion Of Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method | 55 | 55 | |||||
Share of other comprehensive income of associates and joint ventures accounted for using equity method, net of tax | R$ 3010 | ||||||
proportion of other comprehensive income of associates and joint ventures | 100 |
Interest in Joint Venture - S_3
Interest in Joint Venture - Summary of Assets and Liabilities Assumed of BVRV Relating to the Company's Interest (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | Aug. 07, 2023 | Apr. 20, 2023 | Dec. 31, 2021 |
Disclosure of joint ventures [line items] | |||
Consideration transferred | R$ 720 | ||
BVRV Participações S.A. [member] | |||
Disclosure of joint ventures [line items] | |||
Total assets and liabilities contributed in BVRV at fair value | R$ 95510 | ||
Goodwill | 86,760 | ||
Consideration transferred | R$ 182270 | 182,270 | |
BVRV Participações S.A. [member] | Other Assets and Liabilities [member] | |||
Disclosure of joint ventures [line items] | |||
Total assets and liabilities contributed in BVRV at fair value | 46,182 | ||
BVRV Participações S.A. [member] | Relationship with customers [member] | |||
Disclosure of joint ventures [line items] | |||
Total assets and liabilities contributed in BVRV at fair value | 11,541 | ||
BVRV Participações S.A. [member] | Trademark [member] | |||
Disclosure of joint ventures [line items] | |||
Total assets and liabilities contributed in BVRV at fair value | 15,920 | ||
BVRV Participações S.A. [member] | Non-compete agreement [member] | |||
Disclosure of joint ventures [line items] | |||
Total assets and liabilities contributed in BVRV at fair value | 2,949 | ||
BVRV Participações S.A. [member] | Internally developed software [member] | |||
Disclosure of joint ventures [line items] | |||
Total assets and liabilities contributed in BVRV at fair value | R$ 18918 |
Interest in Joint Venture - S_4
Interest in Joint Venture - Summary of Financial Information of the Group's Interest in BVRV Participações S.A (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of joint operations [line items] | ||||
Non-current assets | R$ 3696631 | R$ 388070 | ||
Current assets (including cash and cash equivalents) | 381,953 | 16,034 | ||
Current liabilities (including current financial liabilities excluding trade and other payables and provisions – R$ 0) | 151,728 | 4,422 | ||
Net assets (100%) | 3,232,111 | 266,921 | ||
Loss and total comprehensive loss | R$ 217833 | (52,028) | R$ 229964 | |
Boa Vista Servicos S A [member] | ||||
Disclosure of joint operations [line items] | ||||
Non-current assets | R$ 1119175 | 911,031 | ||
Current assets (including cash and cash equivalents) | 1,397,398 | 1,787,565 | ||
Current liabilities (including current financial liabilities excluding trade and other payables and provisions – R$ 0) | 143,166 | 435,160 | ||
Loss and total comprehensive loss | (108,023) | R$ 297750 | R$ 175197 | |
Boa Vista Servicos S A [member] | BVRV Participaes S.A [Member] | ||||
Disclosure of joint operations [line items] | ||||
Non-current assets | 346,114 | |||
Current assets (including cash and cash equivalents) | 8,235 | |||
Current liabilities (including current financial liabilities excluding trade and other payables and provisions – R$ 0) | 67 | |||
Net assets (100%) | 354,282 | |||
Group's share of net assets | 179,260 | |||
Carrying amount of interest in joint venture | 179,260 | |||
Group's share of total comprehensive income | (3,010) | |||
Boa Vista Servicos S A [member] | 100% [member] | BVRV Participaes S.A [Member] | ||||
Disclosure of joint operations [line items] | ||||
Loss and total comprehensive loss | (5,473) | |||
Boa Vista Servicos S A [member] | 55% [member] | BVRV Participaes S.A [Member] | ||||
Disclosure of joint operations [line items] | ||||
Loss and total comprehensive loss | R$ 3010 |
Property and Equipment - Summar
Property and Equipment - Summary of Changes in Property and Equipment (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | R$ 14879 | |
Ending balance | 15,488 | R$ 14879 |
Leasehold improvements [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,777 | |
Ending balance | 1,496 | 1,777 |
Machinery and equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 675 | |
Ending balance | 688 | 675 |
Facilities [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 170 | |
Ending balance | 165 | 170 |
Furniture and fixtures [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 285 | |
Ending balance | 212 | 285 |
IT equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 5,032 | |
Ending balance | 7,326 | 5,032 |
Right of use of real estate [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 6,940 | |
Ending balance | 5,602 | 6,940 |
Cost [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 42,885 | 49,869 |
Additions | 5,413 | 1,293 |
Transfers to assets held for sale | (3,297) | |
Disposals | (5,848) | (4,980) |
Ending balance | 42,450 | 42,885 |
Cost [member] | Leasehold improvements [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 4,277 | 5,556 |
Additions | 0 | 0 |
Transfers to assets held for sale | (449) | |
Disposals | 0 | (830) |
Ending balance | 4,277 | 4,277 |
Cost [member] | Machinery and equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,188 | 822 |
Additions | 79 | 381 |
Transfers to assets held for sale | (12) | |
Disposals | 0 | (3) |
Ending balance | 1,267 | 1,188 |
Cost [member] | Facilities [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 407 | 557 |
Additions | 0 | 0 |
Transfers to assets held for sale | (148) | |
Disposals | (19) | (2) |
Ending balance | 388 | 407 |
Cost [member] | Furniture and fixtures [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 976 | 1,434 |
Additions | 5 | 5 |
Transfers to assets held for sale | (409) | |
Disposals | (65) | (54) |
Ending balance | 916 | 976 |
Cost [member] | IT equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 15,868 | 17,449 |
Additions | 5,329 | 75 |
Transfers to assets held for sale | (1,286) | |
Disposals | (5,764) | (370) |
Ending balance | 15,433 | 15,868 |
Cost [member] | Right of use of real estate [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 20,169 | 24,051 |
Additions | 0 | 832 |
Transfers to assets held for sale | (993) | |
Disposals | 0 | (3,721) |
Ending balance | 20,169 | 20,169 |
Depreciation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (28,006) | (22,767) |
Additions | (3,314) | (7,118) |
Transfers to assets held for sale | 1,879 | |
Disposals | 4,358 | |
Ending balance | (26,962) | (28,006) |
Depreciation [member] | Leasehold improvements [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (2,500) | (2,156) |
Additions | (281) | (702) |
Transfers to assets held for sale | 358 | |
Disposals | 0 | |
Ending balance | (2,781) | (2,500) |
Depreciation [member] | Machinery and equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (513) | (447) |
Additions | (66) | (66) |
Transfers to assets held for sale | 0 | |
Disposals | 0 | |
Ending balance | (579) | (513) |
Depreciation [member] | Facilities [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (237) | (225) |
Additions | (5) | (52) |
Transfers to assets held for sale | 40 | |
Disposals | 19 | |
Ending balance | (223) | (237) |
Depreciation [member] | Furniture and fixtures [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (691) | (712) |
Additions | (61) | (141) |
Transfers to assets held for sale | 162 | |
Disposals | 48 | |
Ending balance | (704) | (691) |
Depreciation [member] | IT equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (10,836) | (8,234) |
Additions | (1,562) | (3,031) |
Transfers to assets held for sale | 429 | |
Disposals | 4,291 | |
Ending balance | (8,107) | (10,836) |
Depreciation [member] | Right of use of real estate [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | (13,229) | (10,993) |
Additions | (1,338) | (3,126) |
Transfers to assets held for sale | 890 | |
Disposals | 0 | |
Ending balance | R$ 14567 | R$ 13229 |
Intangible Assets - Summary of
Intangible Assets - Summary of Changes in Intangible Assets and Goodwill (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | R$ 0 | R$ 0 | |
Acquisition | 3,177,121 | ||
Additions | 310,507 | ||
Amortization | (72,229) | ||
Transfers and other | 14,526 | ||
Ending balance | 3,429,925 | R$ 0 | |
Boa Vista Servicos S A [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 813,219 | 813,219 | |
Ending balance | 844,635 | 813,219 | |
Boa Vista Servicos S A [member] | Cost [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 1,676,245 | 1,676,245 | 1,590,305 |
Additions | 143,448 | 260,179 | |
Transfers to assets held for sale | (165,104) | ||
Disposals | (9,135) | ||
Transfers and other | 0 | 0 | |
Ending balance | 1,819,693 | 1,676,245 | |
Boa Vista Servicos S A [member] | Amortization and impairment loss [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | (863,026) | (863,026) | (689,379) |
Transfers to assets held for sale | 11,903 | ||
Disposals | 7,677 | ||
Amortization | (112,032) | (193,227) | |
Ending balance | (975,058) | (863,026) | |
Database [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | |
Acquisition | 314,774 | ||
Additions | 46,638 | ||
Amortization | (23,995) | ||
Transfers and other | 0 | ||
Ending balance | 337,417 | 0 | |
Database [member] | Boa Vista Servicos S A [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 313,173 | 313,173 | |
Ending balance | 313,305 | 313,173 | |
Database [member] | Boa Vista Servicos S A [member] | Cost [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 1,006,519 | 1,006,519 | 884,375 |
Additions | 72,967 | 122,144 | |
Transfers to assets held for sale | 0 | ||
Disposals | 0 | ||
Transfers and other | 0 | 0 | |
Ending balance | 1,079,486 | 1,006,519 | |
Database [member] | Boa Vista Servicos S A [member] | Amortization and impairment loss [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | (693,346) | (693,346) | (563,927) |
Transfers to assets held for sale | 0 | ||
Disposals | 0 | ||
Amortization | (72,835) | (129,419) | |
Ending balance | (766,181) | (693,346) | |
Trademarks,rights and others [member] | Boa Vista Servicos S A [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | |
Ending balance | 0 | 0 | |
Trademarks,rights and others [member] | Boa Vista Servicos S A [member] | Cost [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | 32,228 |
Additions | 0 | 0 | |
Transfers to assets held for sale | (32,228) | ||
Disposals | 0 | ||
Transfers and other | 0 | 0 | |
Ending balance | 0 | 0 | |
Trademarks,rights and others [member] | Boa Vista Servicos S A [member] | Amortization and impairment loss [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | (1,976) |
Transfers to assets held for sale | 1,976 | ||
Amortization | 0 | 0 | |
Ending balance | 0 | 0 | |
Trademarks [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | |
Acquisition | 23,508 | ||
Additions | 0 | ||
Amortization | (4,053) | ||
Transfers and other | 0 | ||
Ending balance | 19,455 | 0 | |
Software [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | |
Acquisition | 0 | ||
Additions | 22,935 | ||
Amortization | (1,561) | ||
Transfers and other | 0 | ||
Ending balance | 21,374 | 0 | |
Software [member] | Boa Vista Servicos S A [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 110,386 | 110,386 | |
Ending balance | 123,900 | 110,386 | |
Software [member] | Boa Vista Servicos S A [member] | Cost [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 219,723 | 219,723 | 276,740 |
Additions | 27,157 | 50,659 | |
Transfers to assets held for sale | (99,395) | ||
Disposals | (8,848) | ||
Transfers and other | 5,997 | 567 | |
Ending balance | 252,877 | 219,723 | |
Software [member] | Boa Vista Servicos S A [member] | Amortization and impairment loss [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | (109,337) | (109,337) | (74,951) |
Transfers to assets held for sale | 55 | ||
Disposals | 7,677 | ||
Amortization | (19,640) | (42,118) | |
Ending balance | (128,977) | (109,337) | |
Goodwill on business combinations [member] | Boa Vista Servicos S A [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 266,049 | 266,049 | |
Ending balance | 266,049 | 266,049 | |
Goodwill on business combinations [member] | Boa Vista Servicos S A [member] | Cost [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 266,049 | 266,049 | 273,885 |
Additions | 0 | 0 | |
Transfers to assets held for sale | (7,836) | ||
Disposals | 0 | ||
Transfers and other | 0 | 0 | |
Ending balance | 266,049 | 266,049 | |
Goodwill on business combinations [member] | Boa Vista Servicos S A [member] | Amortization and impairment loss [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | (7,836) |
Transfers to assets held for sale | 7,836 | ||
Disposals | 0 | ||
Amortization | 0 | 0 | |
Ending balance | 0 | 0 | |
Relationship with customers and non- compete agreements identified in business combination [member] | Boa Vista Servicos S A [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 899 | 899 | |
Ending balance | 823 | 899 | |
Relationship with customers and non- compete agreements identified in business combination [member] | Boa Vista Servicos S A [member] | Cost [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 28,383 | 28,383 | 28,383 |
Additions | 0 | 0 | |
Transfers to assets held for sale | 0 | ||
Disposals | 0 | ||
Transfers and other | 0 | 0 | |
Ending balance | 28,383 | 28,383 | |
Relationship with customers and non- compete agreements identified in business combination [member] | Boa Vista Servicos S A [member] | Amortization and impairment loss [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | (27,484) | (27,484) | (27,312) |
Transfers to assets held for sale | 0 | ||
Disposals | 0 | ||
Amortization | (76) | (172) | |
Ending balance | (27,560) | (27,484) | |
Goodwill [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | |
Acquisition | 1,994,493 | ||
Additions | 0 | ||
Amortization | 0 | ||
Transfers and other | 14,526 | ||
Ending balance | 2,009,019 | 0 | |
Customer portfolio [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | |
Acquisition | 844,346 | ||
Additions | 0 | ||
Amortization | (35,181) | ||
Transfers and other | 0 | ||
Ending balance | 809,165 | 0 | |
Non-compete agreement [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | |
Acquisition | 0 | ||
Additions | 216,141 | ||
Amortization | (5,695) | ||
Transfers and other | 0 | ||
Ending balance | 210,446 | 0 | |
Internally Developed Products [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | |
Acquisition | 0 | ||
Additions | 19,380 | ||
Amortization | (1,744) | ||
Transfers and other | 129 | ||
Ending balance | 17,765 | 0 | |
Internally Developed Products [member] | Boa Vista Servicos S A [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 115,350 | 115,350 | |
Ending balance | 128,796 | 115,350 | |
Internally Developed Products [member] | Boa Vista Servicos S A [member] | Cost [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 148,209 | 148,209 | 73,738 |
Additions | 37,807 | 64,080 | |
Transfers to assets held for sale | (16,199) | ||
Disposals | 0 | ||
Transfers and other | (4,880) | 26,590 | |
Ending balance | 181,136 | 148,209 | |
Internally Developed Products [member] | Boa Vista Servicos S A [member] | Amortization and impairment loss [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | (32,859) | (32,859) | (13,377) |
Transfers to assets held for sale | 2,036 | ||
Disposals | 0 | ||
Amortization | (19,481) | (21,518) | |
Ending balance | (52,340) | (32,859) | |
Intangible assets under development [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | 0 | |
Acquisition | 0 | ||
Additions | 5,413 | ||
Amortization | 0 | ||
Transfers and other | (129) | ||
Ending balance | 5,284 | 0 | |
Intangible assets under development [member] | Boa Vista Servicos S A [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 7,362 | 7,362 | |
Ending balance | 11,762 | 7,362 | |
Intangible assets under development [member] | Boa Vista Servicos S A [member] | Cost [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 7,362 | 7,362 | 20,956 |
Additions | 5,517 | 23,296 | |
Transfers to assets held for sale | (9,446) | ||
Disposals | (287) | ||
Transfers and other | (1,117) | (27,157) | |
Ending balance | 11,762 | 7,362 | |
Intangible assets under development [member] | Boa Vista Servicos S A [member] | Amortization and impairment loss [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Beginning balance | 0 | R$ 0 | 0 |
Transfers to assets held for sale | 0 | ||
Disposals | 0 | ||
Amortization | 0 | 0 | |
Ending balance | R$ 0 | R$ 0 |
Intangible Assets - Summary o_2
Intangible Assets - Summary of Changes in Intangible Assets and Goodwill (Parenthetical) (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
ACSP [Member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Term of agreement | 15 years | ||
Annual payment of intangible assets | R$ 14500 | ||
Boa Vista Servicos S A [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Research and development expense | R$ 7635 | R$ 16943 | |
Boa Vista Servicos S A [member] | Equifax [Member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Goodwill on business combination | 110,182 | 110,182 | |
Boa Vista Servicos S A [member] | Konduto [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Goodwill on business combination | R$ 155867 | R$ 155867 | |
Bottom of range [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Period of amortization of databases | 5 years | ||
Top of range [member] | |||
Disclosure of Changes in Intangible Assets and Goodwill [Line Items] | |||
Period of amortization of databases | 7 years |
Intangible Assets - Summary Key
Intangible Assets - Summary Key Assumptions Used in the Estimation of the Recoverable Amount (Detail) - Boa Vista Servicos S.A [member] R$ in Thousands | 12 Months Ended |
Dec. 31, 2022 BRL (R$) | |
BoaVista [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Revenue (% annual growth rate) | 3.80% |
Budgeted gross margin (%) | 90.90% |
Annual capital expenditure (in R$ thousands) | R$ 166438 |
Long-term growth rate (%) | 3.15% |
Pre-tax discount rate (%) | 15.40% |
Konduto [member] | |
Disclosure of detailed information about intangible assets [line items] | |
Revenue (% annual growth rate) | 16.90% |
Budgeted gross margin (%) | 73.40% |
Annual capital expenditure (in R$ thousands) | R$ 6704 |
Long-term growth rate (%) | 3.20% |
Pre-tax discount rate (%) | 17.60% |
Assets and Liabilities Held f_3
Assets and Liabilities Held for Sale - Summary of Carrying Amounts of the Assets and Liabilities Transferred to the Joint Venture (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Apr. 20, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets | ||||||
Cash and cash equivalents | R$ 164095 | R$ 3541 | R$ 843 | R$ 4117 | ||
Accounts receivable | 129,312 | |||||
Prepaid expenses | 12,060 | 13 | ||||
Income tax and social contributions | 62,922 | |||||
Total current assets | 381,953 | 16,034 | ||||
Non-current assets | ||||||
Deferred tax asset – income tax and social contribution | 34,129 | |||||
Property and equipment | 15,030 | |||||
Intangible assets | 3,429,925 | |||||
Total non-current assets | 3,696,631 | 388,070 | ||||
Total assets | 4,078,584 | 404,104 | ||||
Current liabilities | ||||||
Accounts payable to suppliers | 55,949 | |||||
Lease liability | 4,133 | |||||
Accounts payable - Related parties | 17,376 | |||||
Taxes and contributions payable | 9,709 | |||||
Total current liabilities | 151,728 | 4,422 | ||||
Non-current liabilities | ||||||
Provisions | 23,009 | |||||
Total non-current liabilities | 694,745 | 132,761 | ||||
Total liabilities | R$ 846473 | 137,183 | ||||
Boa Vista Servicos S A [member] | ||||||
Current assets | ||||||
Cash and cash equivalents | R$ 1174989 | 1,382,268 | ||||
Accounts receivable | 123,093 | 132,989 | ||||
Prepaid expenses | 18,179 | 15,287 | ||||
Income tax and social contributions | 58,354 | 55,536 | ||||
Other assets | 2,228 | 5,958 | ||||
Total current assets | 1,397,398 | 1,787,565 | ||||
Non-current assets | ||||||
Deferred tax asset – income tax and social contribution | 30,626 | 46,019 | ||||
Property and equipment | 15,488 | 14,879 | ||||
Intangible assets | 844,635 | 813,219 | ||||
Total non-current assets | 1,119,175 | 911,031 | ||||
Total assets | 2,516,573 | 2,698,596 | ||||
Current liabilities | ||||||
Accounts payable to suppliers | 53,130 | 50,994 | ||||
Lease liability | 3,712 | 3,254 | ||||
Labor obligations, vacation and social charges | 56,842 | 131,901 | ||||
Accounts payable - Related parties | 145 | 0 | ||||
Taxes and contributions payable | 5,381 | 24,355 | ||||
Other accounts payable | 3,483 | 2,942 | ||||
Total current liabilities | 143,166 | 435,160 | ||||
Non-current liabilities | ||||||
Provisions | 21,631 | 14,074 | ||||
Total non-current liabilities | 75,695 | 64,212 | ||||
Total liabilities | 218,861 | R$ 499372 | ||||
Boa Vista Servicos S A [member] | BVRV Participaes S.A [Member] | ||||||
Current assets | ||||||
Total current assets | 8,235 | |||||
Non-current assets | ||||||
Total non-current assets | 346,114 | |||||
Current liabilities | ||||||
Total current liabilities | R$ 67 | |||||
Boa Vista Servicos S A [member] | BVRV Participaes S.A [Member] | Assets Held For Sale [Member] | ||||||
Current assets | ||||||
Cash and cash equivalents | R$ 1872 | |||||
Accounts receivable | 6,446 | |||||
Prepaid expenses | 1,169 | |||||
Income tax and social contributions | 60 | |||||
Other recoverable taxes | 893 | |||||
Other assets | 20 | |||||
Total current assets | 10,460 | |||||
Non-current assets | ||||||
Deferred tax asset – income tax and social contribution | 2,762 | |||||
Property and equipment | 1,731 | |||||
Intangible assets | 153,517 | |||||
Total non-current assets | 158,010 | |||||
Total assets | 168,470 | |||||
Boa Vista Servicos S A [member] | BVRV Participaes S.A [Member] | Liabilities Held For Sale [member] | ||||||
Current liabilities | ||||||
Accounts payable to suppliers | 941 | |||||
Lease liability | 22 | |||||
Labor obligations, vacation and social charges | 2,696 | |||||
Accounts payable - Related parties | 821 | |||||
Taxes and contributions payable | 903 | |||||
Other accounts payable | 1,782 | |||||
Total current liabilities | 7,165 | |||||
Non-current liabilities | ||||||
Provisions | 15,107 | |||||
Total non-current liabilities | 15,107 | |||||
Total liabilities | R$ 22272 |
Assets and Liabilities Held f_4
Assets and Liabilities Held for Sale - Additional Information (Detail) - Boa Vista Servicos S A [member] - BVRV Participaes S.A [Member] R$ in Thousands | Apr. 20, 2023 BRL (R$) |
Disclosure Of Assets And Liabilities Held For Sale [Line Items] | |
Decrease through derecognition, financial assets | R$ 146198 |
Difference between carrying amount and fair value amount contributed by joint venture | 36,072 |
Gain (loss) recognised on measurement to fair value less costs to sell or on disposal of assets or disposal groups constituting discontinued operation | R$ 182270 |
Trade Payables to Suppliers - A
Trade Payables to Suppliers - Additional information (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Common [Line Items] | |||
Accounts payable to suppliers | R$ 55949 | ||
Boa Vista Servicos S A [member] | |||
Common [Line Items] | |||
Accounts payable to suppliers | R$ 53130 | R$ 50994 |
Bank Loans and Borrowings and_3
Bank Loans and Borrowings and Lease Liability - Summary of Detailed Information of Bank Loans and Borrowing and Lease Liability (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Bank Loans And Borrowings And Lease Liability [Line Items] | ||||
Lease liability | R$ 7656 | |||
Boa Vista Servicos S A [member] | ||||
Disclosure Of Bank Loans And Borrowings And Lease Liability [Line Items] | ||||
Bank loans and borrowings | R$ 0 | R$ 0 | R$ 2788 | |
Lease liability | 8,150 | 9,825 | R$ 20278 | |
Borrowings | 8,150 | 9,825 | ||
Current | 3,712 | 3,254 | ||
Non-current | R$ 4438 | R$ 6571 |
Bank Loans and Borrowings and_4
Bank Loans and Borrowings and Lease Liability - Summary of Detailed Information about Borrowing (Detail) - Boa Vista Servicos S A [member] R$ in Thousands | 12 Months Ended |
Dec. 31, 2022 BRL (R$) | |
Disclosure of detailed information about borrowings [line items] | |
Beginning of the period | R$ 2788 |
Payment of bank loans and borrowings | (2,862) |
Interest paid | (113) |
Interest expense | 57 |
Transaction costs related to bank loans and borrowings | 130 |
End of the period | R$ 0 |
Bank Loans and Borrowings and_5
Bank Loans and Borrowings and Lease Liability - Summary of Detailed Information about Leases Liability (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | |||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Detailed Information About Leases Liability [Line Items] | ||||
Leasing | R$ 7656 | |||
Current | 4,133 | |||
Non-current | R$ 3523 | |||
Boa Vista Servicos S A [member] | ||||
Disclosure Of Detailed Information About Leases Liability [Line Items] | ||||
Leasing | R$ 8150 | R$ 9825 | R$ 20278 | |
Current | 3,712 | 3,254 | ||
Non-current | 4,438 | 6,571 | ||
Boa Vista Servicos S A [member] | Right-of-use assets [member] | ||||
Disclosure Of Detailed Information About Leases Liability [Line Items] | ||||
Leasing | R$ 1100 | 1,561 | ||
Lease annual interest rate basis | IGP-M(3) + 5.87 % | |||
Annual lease interest rate | 5.87% | |||
Boa Vista Servicos S A [member] | Headquarters Office [member] | ||||
Disclosure Of Detailed Information About Leases Liability [Line Items] | ||||
Leasing | R$ 7050 | R$ 8264 | ||
Lease annual interest rate basis | IGP-M + 3.70 % | |||
Annual lease interest rate | 3.70% |
Bank Loans and Borrowings and_6
Bank Loans and Borrowings and Lease Liability - Summary of Detailed Information about Leases Liability (Parenthetical) (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Boa Vista Servicos S A [member] | Headquarters Office [member] | ||
Disclosure Of Detailed Information About Leases Liability [Line Items] | ||
Rental expense | R$ 0 | R$ 832 |
Bank Loans and Borrowings and_7
Bank Loans and Borrowings and Lease Liability - Summary of Maturity Payment of Non Current Lease Liabilities (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Disclosure of Maturity Payment Of Non Current Lease Liabilities [Line Items] | |||
Non-current lease liabilities | R$ 3523 | ||
Boa Vista Servicos S A [member] | |||
Disclosure of Maturity Payment Of Non Current Lease Liabilities [Line Items] | |||
Non-current lease liabilities | R$ 4438 | R$ 6571 | |
Boa Vista Servicos S A [member] | 2024 [member] | |||
Disclosure of Maturity Payment Of Non Current Lease Liabilities [Line Items] | |||
Non-current lease liabilities | 2,350 | 3,365 | |
Boa Vista Servicos S A [member] | 2025 [member] | |||
Disclosure of Maturity Payment Of Non Current Lease Liabilities [Line Items] | |||
Non-current lease liabilities | 2,088 | 1,961 | |
Boa Vista Servicos S A [member] | 2026 [member] | |||
Disclosure of Maturity Payment Of Non Current Lease Liabilities [Line Items] | |||
Non-current lease liabilities | R$ 0 | R$ 1245 |
Bank Loans and Borrowings and_8
Bank Loans and Borrowings and Lease Liability - Summary of Changes in Lease Liability (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Disclosure Of Changes In Lease Liability [Line Items] | ||
Beginning of the period | R$ 9825 | R$ 20278 |
Additions | 0 | 2,625 |
Payment of lease liabilities | (2,377) | (7,463) |
Interest expense | 702 | 2,036 |
Termination of lease | 0 | (7,541) |
Reclassification to held for sale | 0 | (110) |
End of the period | R$ 8150 | R$ 9825 |
Debentures - Additional Informa
Debentures - Additional Information (Detail) - BRL (R$) R$ in Thousands | Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Boa Vista Servicos S A [member] | ||||
Disclosure Of Detailed Information About Debentures [Line Items] | ||||
Outstanding debentures | R$ 0 | R$ 0 | R$ 63868 | R$ 126274 |
Debentures - Summary of Detaile
Debentures - Summary of Detailed Information of Changes in Debentures (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Detailed Information Of Changes In Debentures [Line Items] | ||
Beginning of the period | R$ 63868 | R$ 126274 |
Payment of debentures | (63,334) | (63,333) |
Interest paid | (4,511) | (3,136) |
Interest expense | 3,165 | 3,088 |
Transaction costs related to debentures | 812 | 975 |
End of the period | R$ 0 | R$ 63868 |
Labor Obligations - Summary of
Labor Obligations - Summary of Labor Obligations (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 | |
Labor Obligation [Line Items] | ||||
Provision for vacation and charges | R$ 12534 | R$ 0 | ||
Profit sharing program (PPR) | 16,937 | 0 | ||
Provision for 13th month salaries and charges | 20 | 0 | ||
Social charges | 5,021 | 0 | ||
Retention plan | 18,732 | 0 | ||
Others | 766 | 34 | ||
Total | 54,010 | 34 | ||
Current | 46,941 | 34 | ||
Non-current | R$ 7069 | 0 | ||
Boa Vista Servicos S.A [member] | ||||
Labor Obligation [Line Items] | ||||
Compensation for post-combination services - Acordo Certo key employees | [1] | R$ 0 | 82,771 | |
Provision for vacation and charges | 16,789 | 12,896 | ||
Profit sharing program (PPR) | 15,001 | 30,332 | ||
Provision for 13th month salaries and charges | 7,748 | 0 | ||
Social charges | 6,786 | 5,001 | ||
Retention plan | 8,963 | 0 | ||
Others | 1,555 | 901 | ||
Total | 56,842 | 131,901 | ||
Current | 56,842 | 131,901 | ||
Non-current | R$ 0 | R$ 0 | ||
[1]The agreement to purchase the shares of Acordo Certo also required the Group to pay additional contingent amounts to former shareholders of Acordo Certo. The amount, paid in 2023, was based on the Adjusted Net Revenue of Acordo Certo in 2022, with a specified minimum amount and subject to the continued employment of these shareholders with Acordo Certo until December 31, 2022. Adjusted Net Revenue is defined in the purchase agreement as the net revenue of Acordo Certo less (i) costs of contact with customers via digital platforms, (ii) advertising and marketing costs and (iii) net revenue from channels and/or platforms of products and services to the Company’s consumers. |
Related parties - Additional in
Related parties - Additional information (Detail) - BRL (R$) R$ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | |||
Outstanding balances with related parties | R$ 0 | ||
Bad debt expenses related parties | 0 | R$ 0 | R$ 0 |
Wages and salary costs | 90,968 | 152 | 134 |
Current asset | 381,953 | 16,034 | |
Current liability | 151,728 | 4,422 | |
Equifax, Inc [member] | |||
Disclosure of transactions between related parties [line items] | |||
Wages and salary costs | 169 | 19 | 10 |
Interest expense | 3,455 | R$ 877 | R$ 0 |
Acordo Certo Ltda [member] | |||
Disclosure of transactions between related parties [line items] | |||
Current asset | 1,776 | ||
Current liability | 0 | ||
Associação Comercial De São Paulo [member] | |||
Disclosure of transactions between related parties [line items] | |||
Revenue | R$ 1411 |
Related parties - Summary of Cu
Related parties - Summary of Current Asset and Current Liabilities of Related Party (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Disclosure of transactions between related parties [line items] | |||
Current asset | R$ 381953 | R$ 16034 | |
Current liability | R$ 151728 | 4,422 | |
Boa Vista Servicos S.A [member] | |||
Disclosure of transactions between related parties [line items] | |||
Current asset | R$ 1397398 | 1,787,565 | |
Current liability | 143,166 | 435,160 | |
Boa Vista Servicos S.A [member] | Related Party [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Current asset | 1,245 | 2 | |
Current liability | 145 | 0 | |
Boa Vista Servicos S.A [member] | Associacao Commercial De Sao Paulo [member] | Related Party [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Current asset | 0 | 2 | |
Boa Vista Servicos S.A [member] | Acordo Certo Ltda. [member] | Related Party [Member] | |||
Disclosure of transactions between related parties [line items] | |||
Current asset | 1,245 | 0 | |
Current liability | R$ 145 | R$ 0 |
Related parties - Summary of St
Related parties - Summary of Statement of Profit and Loss of Related Party (Detail) - Boa Vista Servicos S.A [member] - Associacao Commercial De Sao Paulo [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Disclosure of transactions between related parties [line items] | ||
Revenue | R$ 1323 | R$ 2153 |
Costs and expenses | R$ 0 | R$ 0 |
Related parties - Summary of In
Related parties - Summary of Information about Key Management Personnel (Detail) - Boa Vista Servicos S.A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Disclosure of transactions between related parties [line items] | ||
Annual fixed remuneration | R$ 7769 | R$ 9744 |
Variable remuneration - Profit sharing program | 5,122 | 3,419 |
Total remuneration | 12,891 | 13,163 |
Restricted shares plan | 457 | 611 |
Total | R$ 457 | R$ 611 |
Payables for Business Combina_3
Payables for Business Combinations - Summary of Payables for Business Combinations (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |||
Mar. 11, 2021 | Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about business combination [line items] | |||||
Begining balance | |||||
Acquisition | 11,298 | ||||
Payments of Warrants | (3,129) | ||||
Unwinding of the time value of money | 509 | ||||
Ending balance | 8,678 | ||||
Current liabilities | 4,074 | ||||
Non-current liabilities | 4,604 | 0 | |||
Total | 8,678 | ||||
Konduto [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Begining balance | |||||
Acquisition | 10,020 | ||||
Payments of Warrants | (3,129) | ||||
Unwinding of the time value of money | 509 | ||||
Ending balance | 7,400 | ||||
Non-current liabilities | 4,268 | ||||
Total | 7,400 | ||||
Accordo Certo [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Begining balance | |||||
Acquisition | 1,278 | ||||
Ending balance | 1,278 | ||||
Non-current liabilities | 336 | ||||
Total | 1,278 | ||||
Boa Vista Servicos S.A [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Begining balance | 81,559 | 81,559 | 58,658 | R$ 141134 | |
Acquisition | 1,192 | ||||
Consideration transferred | (720) | ||||
Payments of Warrants | (84,780) | ||||
Remeasurement of fair value | 21,683 | (83,418) | |||
Unwinding of the time value of money | 8,696 | 1,218 | 470 | ||
Reclassification of warrants | 6,258 | (35,651) | |||
Ending balance | 11,733 | 81,559 | 58,658 | ||
Current liabilities | 7,538 | ||||
Non-current liabilities | 4,195 | 3,313 | |||
Total | 11,733 | 81,559 | 58,658 | ||
Boa Vista Servicos S.A [member] | Konduto [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Begining balance | 2,880 | 2,880 | 1,662 | 0 | |
Acquisition | 1,192 | ||||
Unwinding of the time value of money | 882 | 1,218 | 470 | ||
Reclassification of warrants | R$ 35651 | 6,258 | |||
Ending balance | 10,020 | 2,880 | 1,662 | ||
Non-current liabilities | 3,759 | ||||
Total | 10,020 | 2,880 | 1,662 | ||
Boa Vista Servicos S.A [member] | Accordo Certo [member] | |||||
Disclosure of detailed information about business combination [line items] | |||||
Begining balance | 78,679 | R$ 78679 | 56,996 | 141,134 | |
Consideration transferred | (720) | ||||
Payments of Warrants | (84,780) | ||||
Remeasurement of fair value | 21,683 | (83,418) | |||
Unwinding of the time value of money | 7,814 | 0 | |||
Ending balance | 1,713 | 78,679 | 56,996 | ||
Non-current liabilities | 436 | ||||
Total | R$ 1713 | R$ 78679 | R$ 56996 |
Payables for Business Combina_4
Payables for Business Combinations - Summary of Non-Current Payables for Business Combinations (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | R$ 4604 | R$ 0 | |
2025 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,576 | 0 | |
2026 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,576 | 0 | |
2027 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,452 | 0 | |
Accordo Certo [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 336 | ||
Accordo Certo [member] | 2025 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 168 | ||
Accordo Certo [member] | 2026 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 168 | ||
Accordo Certo [member] | 2027 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 0 | ||
Konduto [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 4,268 | ||
Konduto [member] | 2025 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,408 | ||
Konduto [member] | 2026 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,408 | ||
Konduto [member] | 2027 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | R$ 1452 | ||
Boa Vista Servicos S A [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | R$ 4195 | 3,313 | |
Boa Vista Servicos S A [member] | 2024 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 100 | 100 | |
Boa Vista Servicos S A [member] | 2025 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,409 | 1,117 | |
Boa Vista Servicos S A [member] | 2026 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,409 | 1,117 | |
Boa Vista Servicos S A [member] | 2027 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,277 | R$ 979 | |
Boa Vista Servicos S A [member] | Accordo Certo [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 436 | ||
Boa Vista Servicos S A [member] | Accordo Certo [member] | 2024 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 100 | ||
Boa Vista Servicos S A [member] | Accordo Certo [member] | 2025 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 168 | ||
Boa Vista Servicos S A [member] | Accordo Certo [member] | 2026 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 168 | ||
Boa Vista Servicos S A [member] | Konduto [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 3,759 | ||
Boa Vista Servicos S A [member] | Konduto [member] | 2025 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,241 | ||
Boa Vista Servicos S A [member] | Konduto [member] | 2026 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | 1,241 | ||
Boa Vista Servicos S A [member] | Konduto [member] | 2027 [member] | |||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | |||
Maturity | R$ 1277 |
Payables for Business Combina_5
Payables for Business Combinations - Additional Information (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | ||
Remeasurement of fair value | R$ 21683 | R$ 83418 |
Accordo Certo [member] | ||
Disclosure In Tabular Form Of Maturity For Non Current Payables [Line Items] | ||
Remeasurement of fair value | R$ 21683 | R$ 83418 |
Advances From Customers - Summa
Advances From Customers - Summary of Movement in Advances From Customers Contract with Customers Liability (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Advances From Customers [Line Items] | ||
Beginning balance | R$ 0 | R$ 2232 |
Additions | 10,150 | 17,979 |
Utilization | (6,921) | (20,211) |
Ending balance | R$ 3229 | R$ 0 |
Advances from Customers - Sum_2
Advances from Customers - Summary of Movement in Advances From Customers Contract with Customers Liability (Parenthetical) (Detail) - BRL (R$) R$ in Thousands | 12 Months Ended | |||
Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2021 | |
Advances From Customers [Line Items] | ||||
Current contract liabilites | R$ 1472 | |||
Boa Vista Servicos S A [member] | ||||
Advances From Customers [Line Items] | ||||
Current contract liabilites | R$ 3229 | R$ 0 | R$ 2232 | |
Revenue that was included in contract liability balance at beginning of the period | R$ 6921 | R$ 20211 |
Taxes Payable - Summary of Tax
Taxes Payable - Summary of Tax Payable (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Disclosure Of Taxes Payables [Line Items] | |||
Taxes payable | R$ 62075 | R$ 5350 | |
Current | 9,709 | 0 | |
Non-current | 52,366 | 5,350 | |
PIS and COFINS payable [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Current | 3,122 | 0 | |
Withholding income tax (IRRF) [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Current | 4,838 | 0 | |
Service tax (ISS) payable [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Current | 1,668 | 0 | |
Other taxes payable [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Current | 81 | 0 | |
Non-current | 4,465 | 5,350 | |
INSS on Severance pay [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Non-current | 8,719 | 0 | |
ISS - PIS and COFINS basis [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Non-current | 19,578 | 0 | |
Deductibility - SEBRAE/INCRA and FNDE [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Non-current | R$ 19604 | 0 | |
Boa Vista Servios SA [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Taxes payable | R$ 50812 | 64,609 | |
Current | 5,381 | 24,355 | |
Non-current | 45,431 | 40,254 | |
Boa Vista Servios SA [Member] | PIS and COFINS payable [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Current | 2,741 | 4,669 | |
Boa Vista Servios SA [Member] | Withholding income tax (IRRF) [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Current | 2,565 | 17,957 | |
Boa Vista Servios SA [Member] | Service tax (ISS) payable [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Current | 1 | 1,644 | |
Boa Vista Servios SA [Member] | Other taxes payable [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Current | 74 | 85 | |
Boa Vista Servios SA [Member] | INSS on Severance pay [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Non-current | 7,843 | 6,550 | |
Boa Vista Servios SA [Member] | ISS - PIS and COFINS basis [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Non-current | 18,220 | 15,940 | |
Boa Vista Servios SA [Member] | Deductibility - SEBRAE/INCRA and FNDE [Member] | |||
Disclosure Of Taxes Payables [Line Items] | |||
Non-current | R$ 19368 | R$ 17764 |
Taxes Payable - Summary of Chan
Taxes Payable - Summary of Changes in Deferred Tax Liability (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||||
Beginning balance | R$ 0 | R$ 0 | ||
Principal additions | 1,219 | |||
Interest additions | (122,748) | R$ 22681 | R$ 119706 | |
Ending balance | 47,901 | 0 | ||
Boa Vista Servios SA [Member] | ||||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||||
Beginning balance | 40,254 | 40,254 | 34,028 | |
Principal additions | 1,560 | 6,898 | ||
Interest additions | 3,617 | 3,207 | ||
Deffered Tax Liabiliy Reversals Of Legal Proceedings | (3,789) | |||
Ending balance | 45,431 | 40,254 | 34,028 | |
Boa Vista Servios SA [Member] | INSS on Severance pay [Member] | ||||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||||
Beginning balance | 6,550 | 6,550 | 5,427 | |
Principal additions | 215 | 627 | ||
Interest additions | 1,078 | 496 | ||
Ending balance | 7,843 | 6,550 | 5,427 | |
Boa Vista Servios SA [Member] | ISS - PIS and COFINS basis [Member] | ||||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||||
Beginning balance | 15,940 | 15,940 | 12,954 | |
Principal additions | 965 | 1,706 | ||
Interest additions | 1,315 | 1,280 | ||
Ending balance | 18,220 | 15,940 | 12,954 | |
Boa Vista Servios SA [Member] | PIS And COFINS payable on the remeasurement of fair value of contingent consideration [Member] | ||||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||||
Beginning balance | 3,879 | |||
Deffered Tax Liabiliy Reversals Of Legal Proceedings | (3,879) | |||
Ending balance | 3,879 | |||
Boa Vista Servios SA [Member] | Deductibility - SEBRAE/INCRA and FNDE [Member] | ||||
Disclosure Of Reconciliation Of Changes In Deferred Tax Liability [Line Items] | ||||
Beginning balance | 17,764 | R$ 17764 | 11,768 | |
Principal additions | 380 | 4,565 | ||
Interest additions | 1,224 | 1,431 | ||
Ending balance | R$ 19368 | R$ 17764 | R$ 11768 |
Provisions - Summary of Details
Provisions - Summary of Details of Other Provisions (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of other provisions [line items] | ||||
Civil | R$ 12270 | R$ 1109 | ||
Tax | 5,334 | |||
Labor | 6,090 | 1,326 | ||
Total | 23,694 | 2,435 | ||
Current | 685 | 2,435 | ||
Non-current | R$ 23009 | |||
Boa Vista Servicos S A [member] | ||||
Disclosure of other provisions [line items] | ||||
Civil | R$ 11799 | 6,592 | ||
Tax | 5,354 | 5,334 | ||
Labor | 4,478 | 2,148 | ||
Total | 21,631 | 14,074 | R$ 25992 | |
Non-current | R$ 21631 | R$ 14074 |
Provisions - Summary of Changes
Provisions - Summary of Changes in Provisions (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of other provisions [line items] | |||
Begining balance | R$ 2435 | R$ 2435 | |
Acquisition | 21,611 | ||
Additions | 7,065 | ||
Payments | (7,417) | ||
Ending balance | 23,694 | R$ 2435 | |
Legal proceedings provision [member] | |||
Disclosure of other provisions [line items] | |||
Begining balance | 1,109 | 1,109 | |
Acquisition | 11,799 | ||
Additions | 6,779 | ||
Payments | (7,417) | ||
Ending balance | 12,270 | 1,109 | |
Provisions For Income Tax [Member] | |||
Disclosure of other provisions [line items] | |||
Acquisition | 5,334 | ||
Ending balance | 5,334 | ||
Provisions For Labour [Member] | |||
Disclosure of other provisions [line items] | |||
Begining balance | 1,326 | 1,326 | |
Acquisition | 4,478 | ||
Additions | 286 | ||
Ending balance | 6,090 | 1,326 | |
Boa Vista Servicos S A [member] | |||
Disclosure of other provisions [line items] | |||
Begining balance | 14,074 | 14,074 | 25,992 |
Additions | 16,581 | 9,209 | |
Write-offs | (678) | ||
Payments | (9,044) | (7,205) | |
Interest and fines | 20 | 887 | |
Transfer to liabilities held for sale | (14,131) | ||
Ending balance | 21,631 | 14,074 | |
Boa Vista Servicos S A [member] | Legal proceedings provision [member] | |||
Disclosure of other provisions [line items] | |||
Begining balance | 6,592 | 6,592 | 4,588 |
Additions | 14,251 | 9,209 | |
Payments | (9,044) | (7,205) | |
Ending balance | 11,799 | 6,592 | |
Boa Vista Servicos S A [member] | Provisions For Income Tax [Member] | |||
Disclosure of other provisions [line items] | |||
Begining balance | 5,334 | 5,334 | 7,741 |
Interest and fines | 20 | 887 | |
Transfer to liabilities held for sale | (3,294) | ||
Ending balance | 5,354 | 5,334 | |
Boa Vista Servicos S A [member] | Provisions For Labour [Member] | |||
Disclosure of other provisions [line items] | |||
Begining balance | 2,148 | R$ 2148 | 13,663 |
Additions | 2,330 | ||
Write-offs | (678) | ||
Transfer to liabilities held for sale | (10,837) | ||
Ending balance | R$ 4478 | R$ 2148 |
Provisions - Summary of Restric
Provisions - Summary of Restricted Cash and Cash Equivalents (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Disclosure of other provisions [line items] | |||
Judicial deposits | R$ 28097 | ||
For Civil Contingencies [Member] | |||
Disclosure of other provisions [line items] | |||
Judicial deposits | 27 | ||
For Labour Contingencies [Member] | |||
Disclosure of other provisions [line items] | |||
Judicial deposits | 1,379 | ||
For Tax Purposes [Member] | |||
Disclosure of other provisions [line items] | |||
Judicial deposits | R$ 26691 | ||
Boa Vista Servicos S A [member] | |||
Disclosure of other provisions [line items] | |||
Judicial deposits | R$ 28755 | R$ 27350 | |
Boa Vista Servicos S A [member] | For Civil Contingencies [Member] | |||
Disclosure of other provisions [line items] | |||
Judicial deposits | 1,740 | 2,020 | |
Boa Vista Servicos S A [member] | For Labour Contingencies [Member] | |||
Disclosure of other provisions [line items] | |||
Judicial deposits | 1,182 | 1,494 | |
Boa Vista Servicos S A [member] | For Tax Purposes [Member] | |||
Disclosure of other provisions [line items] | |||
Judicial deposits | R$ 25833 | R$ 23836 |
Provisions - Additional Informa
Provisions - Additional Information (Detail) - BRL (R$) | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | R$ 75272000 | ||
Progressive rate percentage | 27.50% | ||
Amortization Of Goodwill [Member] | Brazilian Federal Revenue Service [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | R$ 51968000 | ||
Tax Foreclosure [Member] | Public Treasury Of The Muncipality Of The Campinas [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | 200 | ||
Underpayment Of Tax On Digital Certificate Issuance [Member] | Muncipality Of Sao Paulo [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | 5,971,000 | ||
Law Suit Stock Option Plan Commercial Nature [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | 14,739,000 | ||
Labour Contringencies [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | R$ 1784000 | ||
Guarantee Insurance [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | R$ 7121000 | ||
Boa Vista Servicos S A [member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | R$ 87218000 | 86,516,000 | |
Progressive rate percentage | 27.50% | ||
Boa Vista Servicos S A [member] | Amortization Of Goodwill [Member] | Brazilian Federal Revenue Service [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | R$ 50500000 | 48,358,000 | |
Boa Vista Servicos S A [member] | Amortization Of Goodwill [Member] | Brazilian Federal Revenue Service [Member] | Transferred in the Acquisition of Equifax do Brasil Ltda [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | 25,212,000 | ||
Boa Vista Servicos S A [member] | Amortization Of Goodwill [Member] | Brazilian Federal Revenue Service [Member] | Capital Increase PaidUp By Associao Comercial De So Paulo [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | 16,249,000 | ||
Boa Vista Servicos S A [member] | Tax Foreclosure [Member] | Public Treasury Of The Muncipality Of The Campinas [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | 219,000 | 200,000 | |
Boa Vista Servicos S A [member] | Underpayment Of Tax On Digital Certificate Issuance [Member] | Muncipality Of Sao Paulo [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | 5,729,000 | 5,356,000 | |
Boa Vista Servicos S A [member] | Law Suit Stock Option Plan Commercial Nature [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | 14,171,000 | 13,318,000 | |
Boa Vista Servicos S A [member] | Labour Contringencies [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | 1,578,000 | 4,872,000 | |
Boa Vista Servicos S A [member] | PIS And COFIN Credits [Member] | |||
Disclosure of other provisions [line items] | |||
Estimated financial effect of contingent liabilities | R$ 13187000 | R$ 12410000 |
Shareholders' Equity - Summary
Shareholders' Equity - Summary of the Company's Share Capital (Detail) - BRL (R$) R$ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2021 | |
Disclosure of classes of share capital [line items] | ||
Beginning of the period | R$ 26441 | |
Change in capital | 2,747,448 | R$ 281 |
End of the period | 2,749,351 | |
Boa Vista Servicos S.A [member] | ||
Disclosure of classes of share capital [line items] | ||
Beginning of the period | 1,715,269 | 1,638,058 |
Capital increase - Exercise of stock option | 48,488 | |
Capital increase - Konduto | 28,723 | |
End of the period | 1,715,269 | |
Ordinary shares [member] | ||
Disclosure of classes of share capital [line items] | ||
Beginning of the period | 26,441 | 26,161 |
Change in capital | 280 | |
Capital increase – BVS | 3,797,910 | |
Return of capital to common shareholders | (1,075,000) | |
End of the period | R$ 2749351 | R$ 26441 |
Shareholders' Equity - Addition
Shareholders' Equity - Additional Information (Detail) - BRL (R$) | 1 Months Ended | 7 Months Ended | 12 Months Ended | |||||||||||||||||||||||
Aug. 07, 2023 | May 28, 2023 | Apr. 14, 2023 | Mar. 02, 2023 | Dec. 15, 2022 | Sep. 22, 2022 | May 16, 2022 | Apr. 14, 2022 | Mar. 24, 2022 | Feb. 24, 2022 | Mar. 11, 2021 | May 31, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | Mar. 31, 2022 | Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Feb. 22, 2024 | Aug. 22, 2023 | Aug. 06, 2023 | Jul. 27, 2022 | Aug. 05, 2021 | Dec. 31, 2020 | ||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Number of shares outstanding prior to recapitalization | 26,441,364 | |||||||||||||||||||||||||
Proceeds from issuance of shares | R$ 2497237000 | |||||||||||||||||||||||||
Shares received towards contribution | 479,725 | |||||||||||||||||||||||||
Shares received towards contribution value | R$ 461418000 | |||||||||||||||||||||||||
Stock issued during the period shares in exchange shares received | 2 | |||||||||||||||||||||||||
Increase through adjustment to capital reserves | R$ 2958655000 | |||||||||||||||||||||||||
Payment to acquire or redeem entities shares | R$ 1075000000 | |||||||||||||||||||||||||
Percentage of annual net income to be transferred to the legal reserve | 5% | |||||||||||||||||||||||||
Legal reserves as a percentage of companies capital maximum | 20% | |||||||||||||||||||||||||
Borrowings non current | R$ 10173000 | R$ 6718000 | ||||||||||||||||||||||||
Dividend paid | R$ 2910000 | |||||||||||||||||||||||||
Treasury shares [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Stock repurchased during the period shares | 1,170,603 | 1,607,940 | 110,100 | 54,900 | 1,170,603 | [1] | 1,772,940 | |||||||||||||||||||
Equifax South Amercia LLC [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Percentage of ownership interest held in the company | 80% | |||||||||||||||||||||||||
ASCP [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Proportion of ownership interests held by non controlling owners | 19% | |||||||||||||||||||||||||
Boa Vista Servicos S.A [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Increase decrease in equity through acquisition of subsidiaries | R$ 28723000 | |||||||||||||||||||||||||
Shares outstanding | 529,842,845 | 529,842,845 | 532,222,621 | 531,330,373 | ||||||||||||||||||||||
Proportion of ownership interests held by non controlling owners | 9.95% | |||||||||||||||||||||||||
Percentage of annual net income to be transferred to the legal reserve | 5% | |||||||||||||||||||||||||
Legal reserves as a percentage of companies capital maximum | 20% | 20% | ||||||||||||||||||||||||
Increase decrease through exercise of warrants | R$ 6258000 | R$ 35651000 | ||||||||||||||||||||||||
Dividend and net interest on equity as a percentage of current and accumulated profits | 50% | |||||||||||||||||||||||||
Tax withholding percentage rate | 15% | |||||||||||||||||||||||||
Tax withholding rate when dividend is paid to tax haven jurisdictions | 25% | |||||||||||||||||||||||||
Dividend paid | R$ 6946000 | 6,946,000 | ||||||||||||||||||||||||
Interest paid on net equity | R$ 134784000 | R$ 35146000 | ||||||||||||||||||||||||
Payment of dividend classified as financing activities | R$ 120900000 | R$ 120900000 | R$ 38169000 | R$ 15008000 | ||||||||||||||||||||||
Explanation of the fact that the shares have no par value | with no par value | with no par value | ||||||||||||||||||||||||
Dividends and interest on net equity payable | R$ 0 | R$ 0 | R$ 120900000 | |||||||||||||||||||||||
Boa Vista Servicos S.A [member] | Treasury shares [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Stock repurchased during the period shares | 1,170,600 | 1,772,940 | ||||||||||||||||||||||||
Percentage of stock outstanding repurchased | 0.22% | 0.33% | ||||||||||||||||||||||||
ACSP And BVS [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Stock shares issued during the period acquisition of business | 2,171,613 | |||||||||||||||||||||||||
Increase decrease in equity through acquisition of subsidiaries | R$ 863779000 | |||||||||||||||||||||||||
Konduto [member] | Boa Vista Servicos S.A [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Increase decrease through exercise of warrants | R$ 35651000 | R$ 6258000 | ||||||||||||||||||||||||
Stock issued during the period shares exercise of warrants | 391,124 | 391,124 | 391,124 | |||||||||||||||||||||||
Reclassification of equity into financial liabilities | R$ 6258000 | |||||||||||||||||||||||||
Percentage of financial liabilities to be paid on conversion into equity one | 50% | |||||||||||||||||||||||||
Percentage of financial liabilities to be paid on conversion into equity two | 50% | |||||||||||||||||||||||||
Number of warrants conversion of shares | 1,977,810 | |||||||||||||||||||||||||
Exercise price | R$ 1 | |||||||||||||||||||||||||
Total number of warrants converted into shares | 1,955,620 | |||||||||||||||||||||||||
Increase decrease through exercise price of warrants | R$ 2 | R$ 2 | R$ 2 | |||||||||||||||||||||||
Ordinary shares [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Number of shares authorized | 8,686,655 | |||||||||||||||||||||||||
Shares outstanding | 10,858,270 | |||||||||||||||||||||||||
Ordinary shares [member] | Boa Vista Servicos S.A [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Shares outstanding | 529,842,845 | 529,842,845 | 532,222,621 | 531,440,373 | 532,613,745 | 520,797,860 | ||||||||||||||||||||
Redeemable Preferred Shares [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Number of shares authorized | 1,313,345 | |||||||||||||||||||||||||
Shares outstanding | 1,313,345 | |||||||||||||||||||||||||
Prefered stock redemption price per share | R$ 24.49 | |||||||||||||||||||||||||
Redeemable Preferred stock redemption date | Jul. 29, 2032 | |||||||||||||||||||||||||
Borrowings non current | R$ 10173000 | R$ 6718000 | ||||||||||||||||||||||||
Dividends Paid Preference Shares Per Share | R$ 4.56 | |||||||||||||||||||||||||
20% of exercise price [Member] | Konduto [member] | Boa Vista Servicos S.A [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Percentage of exercise price | 20% | |||||||||||||||||||||||||
Period within which the exercise price shall be paid | 6 months | |||||||||||||||||||||||||
40% of exercise price [Member] | Konduto [member] | Boa Vista Servicos S.A [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Percentage of exercise price | 40% | |||||||||||||||||||||||||
Period within which the exercise price shall be paid | 12 months | |||||||||||||||||||||||||
60% of exercise price [Member] | Konduto [member] | Boa Vista Servicos S.A [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Percentage of exercise price | 60% | |||||||||||||||||||||||||
Period within which the exercise price shall be paid | 18 months | |||||||||||||||||||||||||
80% of exercise price [Member] | Konduto [member] | Boa Vista Servicos S.A [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Percentage of exercise price | 80% | |||||||||||||||||||||||||
Period within which the exercise price shall be paid | 24 months | |||||||||||||||||||||||||
100% of exercise price [Member] | Konduto [member] | Boa Vista Servicos S.A [member] | ||||||||||||||||||||||||||
Disclosure of classes of share capital [line items] | ||||||||||||||||||||||||||
Percentage of exercise price | 100% | |||||||||||||||||||||||||
Period within which the exercise price shall be paid | 30 months | |||||||||||||||||||||||||
[1]The difference between the average price and the negotiation price between May 7 and 8 relates to an event of dissent (“dissidência”) where a shareholder has a right to withdraw from a company when they do not agree with deliberations held at meetings in which matters are approved, resulting in the right to withdraw, as provided for in current legislation. As part of the Merger of Shares (Note 1 a.), there was a shareholder who withdrew and the Company repurchased at equity cost (not at market value). |
Shareholders' Equity - Summar_2
Shareholders' Equity - Summary of the Company's Common and Preferred Shares Outstanding (Detail) - shares | 7 Months Ended | 12 Months Ended | |||
Aug. 07, 2023 | Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Boa Vista Servicos S.A [member] | |||||
Disclosure In Tabular Form Of Movement In Common Shares And Redeemable Preferred Shares [Line Items] | |||||
Beginning of the period | 532,222,621 | 532,222,621 | 531,330,373 | ||
End of the period | 529,842,845 | 529,842,845 | 532,222,621 | 531,330,373 | |
Ordinary Shares And Redeemable Preferred Shares [member] | |||||
Disclosure In Tabular Form Of Movement In Common Shares And Redeemable Preferred Shares [Line Items] | |||||
Beginning of the period | 10,000,000 | 10,000,000 | 26,441,364 | 26,160,764 | |
Change in capital | 2 | 280,600 | |||
Capital increase | 2,171,613 | ||||
Redeemable Preferred shares | 1,313,345 | ||||
Recapitalization | (17,754,709) | ||||
End of the period | 12,171,615 | 10,000,000 | 26,441,364 | ||
Ordinary shares [member] | |||||
Disclosure In Tabular Form Of Movement In Common Shares And Redeemable Preferred Shares [Line Items] | |||||
End of the period | 10,858,270 | ||||
Ordinary shares [member] | Boa Vista Servicos S.A [member] | |||||
Disclosure In Tabular Form Of Movement In Common Shares And Redeemable Preferred Shares [Line Items] | |||||
Beginning of the period | 532,613,745 | 532,222,621 | 532,222,621 | 531,440,373 | 520,797,860 |
Capital increase | 2,884,513 | ||||
stock option | 7,758,000 | ||||
Konduto | 391,124 | ||||
Konduto | 391,124 | 391,124 | |||
shares | (2,770,900) | ||||
End of the period | 529,842,845 | 529,842,845 | 532,222,621 | 531,440,373 |
Shareholders' Equity - Summar_3
Shareholders' Equity - Summary of the Company's Common and Preferred Shares Outstanding (Parenthetical) (Detail) - shares | 7 Months Ended | ||||||
Aug. 07, 2023 | Aug. 07, 2023 | Dec. 31, 2023 | Aug. 06, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Ordinary shares [member] | |||||||
Disclosure of classes of share capital [line items] | |||||||
Shares outstanding | 10,858,270 | ||||||
Boa Vista Servicos S.A [member] | |||||||
Disclosure of classes of share capital [line items] | |||||||
Shares outstanding | 529,842,845 | 529,842,845 | 532,222,621 | 531,330,373 | |||
Boa Vista Servicos S.A [member] | Ordinary shares [member] | |||||||
Disclosure of classes of share capital [line items] | |||||||
Stock cancelled during the period shares | (2,770,900) | ||||||
Shares outstanding | 529,842,845 | 529,842,845 | 532,613,745 | 532,222,621 | 531,440,373 | 520,797,860 | |
Boa Vista Servicos S.A [member] | Treasury shares [member] | |||||||
Disclosure of classes of share capital [line items] | |||||||
Stock cancelled during the period shares | 2,770,900 |
Shareholders' Equity - Summar_4
Shareholders' Equity - Summary of Dividends and Interest on Net Equity (Detail) - BRL (R$) R$ / shares in Units, R$ in Thousands | 7 Months Ended | 12 Months Ended | |||
May 16, 2022 | Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of classes of share capital [line items] | |||||
Profit for the period/year | R$ 217833 | R$ 52028 | R$ 229964 | ||
Payment method: | |||||
Dividend paid | 2,910 | ||||
Boa Vista Servicos S.A [member] | |||||
Disclosure of classes of share capital [line items] | |||||
Profit for the period/year | R$ 111447 | ||||
Profit for the period/year | 108,023 | 297,750 | 175,197 | ||
Legal reserve - 5% | (5,572) | (14,888) | (8,760) | ||
Calculation basis for minimum mandatory dividends | 105,875 | 282,862 | 166,437 | ||
Minimum mandatory distribution to shareholders - 25% | 24,469 | 70,716 | 41,609 | ||
Additional distribution proposed by Management | R$ 24469 | 64,068 | 483 | ||
Total distribution proposed | 134,784 | 42,092 | |||
Payment method: | |||||
Interest on net equity | 134,784 | 35,146 | |||
Dividend paid | R$ 6946 | 6,946 | |||
Total distribution to shareholders | R$ 134784 | R$ 42092 | |||
Number of outstanding shares | 529,842,845 | 532,222,621 | 531,330,373 | ||
Interest on net equity/Dividends per share | R$ 0.25325 | R$ 0.0792 |
Shareholders' Equity - Summar_5
Shareholders' Equity - Summary of Dividends and Interest on Net Equity (Parenthetical) (Detail) R$ in Thousands | 7 Months Ended |
Aug. 07, 2023 BRL (R$) | |
Boa Vista Servicos S.A [member] | |
Disclosure of classes of share capital [line items] | |
Dividend based on profit to date | R$ 26469 |
Shareholders' Equity - Summary
Shareholders' Equity - Summary of Market Prices and Intermediated Through the Financial Institution (Detail) - BRL (R$) R$ / shares in Units, R$ in Thousands | 1 Months Ended | 7 Months Ended | 12 Months Ended | ||||
May 31, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | Mar. 31, 2022 | Aug. 07, 2023 | Dec. 31, 2022 | ||
Disclosure of classes of share capital [line items] | |||||||
Average price | R$ 3.84 | R$ 5.18 | R$ 8.11 | R$ 7.94 | R$ 3.84 | R$ 5.45 | |
Total price | R$ 4498 | R$ 8328 | R$ 893 | R$ 436 | R$ 4498 | [1] | R$ 9657 |
Treasury shares [member] | |||||||
Disclosure of classes of share capital [line items] | |||||||
Number of shares | 1,170,603 | 1,607,940 | 110,100 | 54,900 | 1,170,603 | [1] | 1,772,940 |
[1]The difference between the average price and the negotiation price between May 7 and 8 relates to an event of dissent (“dissidência”) where a shareholder has a right to withdraw from a company when they do not agree with deliberations held at meetings in which matters are approved, resulting in the right to withdraw, as provided for in current legislation. As part of the Merger of Shares (Note 1 a.), there was a shareholder who withdrew and the Company repurchased at equity cost (not at market value). |
Shareholders' Equity - Summar_6
Shareholders' Equity - Summary of Outstanding (Detail) - BRL (R$) R$ / shares in Units, R$ in Thousands | 1 Months Ended | 7 Months Ended | 12 Months Ended | |||||
May 31, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | Mar. 31, 2022 | Aug. 07, 2023 | Dec. 31, 2022 | |||
Disclosure of classes of share capital [line items] | ||||||||
Beginning of the period | R$ 8785 | R$ 0 | ||||||
Repurchased | R$ 4498 | R$ 8328 | R$ 893 | R$ 436 | 4,498 | [1] | 9,657 | |
Transferred from vesting of restricted shares | (351) | (872) | ||||||
Cancellation | [2] | (12,932) | ||||||
Ending of the period | R$ 0 | R$ 8785 | ||||||
Treasury shares [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Beginning of number of shares | 1,664,688 | 0 | ||||||
Repurchased | 1,170,603 | 1,607,940 | 110,100 | 54,900 | 1,170,603 | [1] | 1,772,940 | |
Transferred from vesting of restricted shares | (64,391) | (108,252) | ||||||
Cancellation of number of shares | [2] | (2,770,900) | ||||||
Ending of number of shares | 0 | 1,664,688 | ||||||
Beginning of average price | R$ 5.277 | R$ 0 | ||||||
Repurchased of average price | 3.842 | [1] | 5.447 | |||||
Transferred from vesting of restricted shares of average price | (5.451) | (8.059) | ||||||
Cancellation of average price | [2] | (4.667) | ||||||
Ending of average price | R$ 0 | R$ 5.277 | ||||||
[1]The difference between the average price and the negotiation price between May 7 and 8 relates to an event of dissent (“dissidência”) where a shareholder has a right to withdraw from a company when they do not agree with deliberations held at meetings in which matters are approved, resulting in the right to withdraw, as provided for in current legislation. As part of the Merger of Shares (Note 1 a.), there was a shareholder who withdrew and the Company repurchased at equity cost (not at market value).[2]On August 7, 2023, due to the merger of Company’s shares by EFX Brasil (Note 1 a.), there was a cancellation of 2,770,900 ordinary shares issued by the Company held in treasury. |
Shareholders' Equity - Summar_7
Shareholders' Equity - Summary of Outstanding (Parentheticals) (Detail) - Treasury shares [member] - shares | 1 Months Ended | 7 Months Ended | 12 Months Ended | |||||
Aug. 07, 2023 | May 31, 2023 | Jul. 31, 2022 | Apr. 30, 2022 | Mar. 31, 2022 | Aug. 07, 2023 | Dec. 31, 2022 | ||
Disclosure of classes of share capital [line items] | ||||||||
Stock repurchased during the period shares | 1,170,603 | 1,607,940 | 110,100 | 54,900 | 1,170,603 | [1] | 1,772,940 | |
Boa Vista Servicos S.A [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Stock repurchased during the period shares | 1,170,600 | 1,772,940 | ||||||
Merger Of Efx Brazil [Member] | Boa Vista Servicos S.A [member] | ||||||||
Disclosure of classes of share capital [line items] | ||||||||
Stock repurchased during the period shares | 2,770,900 | |||||||
[1]The difference between the average price and the negotiation price between May 7 and 8 relates to an event of dissent (“dissidência”) where a shareholder has a right to withdraw from a company when they do not agree with deliberations held at meetings in which matters are approved, resulting in the right to withdraw, as provided for in current legislation. As part of the Merger of Shares (Note 1 a.), there was a shareholder who withdrew and the Company repurchased at equity cost (not at market value). |
Income Tax and Social Contrib_3
Income Tax and Social Contribution - Summary of Amounts Recognized in the Consolidated Statement of Financial Position (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Social contribution payable | R$ 9709 | R$ 0 | |
Boa Vista Servicos S.A [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income tax payable | R$ 6927 | 0 | |
Social contribution payable | 2,779 | 0 | |
Total | R$ 9706 | R$ 0 |
Income Tax and Social Contrib_4
Income Tax and Social Contribution - Summary of Amounts Recognized in the Consolidated Statement of Profit or Loss and Other Comprehensive Income (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Current income tax and social contribution expense: | R$ 36065 | R$ 2706 | R$ 275 | |
Deferred income tax and social contribution expense: | ||||
Income tax and social contribution | R$ 86683 | (25,387) | 119,981 | |
Boa Vista Servicos S.A [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Current income tax and social contribution expense: | R$ 43671 | (64,654) | ||
Deferred income tax and social contribution expense: | ||||
Temporary differences | (15,393) | 24,197 | ||
Income tax and social contribution | R$ 59064 | R$ 40457 | R$ 60959 |
Income Tax and Social Contrib_5
Income Tax and Social Contribution - Summary of Tax Expense Reconciliation (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Profit before income tax and social contribution | R$ 131150 | R$ 77415 | R$ 349945 | |
Income tax and social contribution at nominal rates | 44,591 | 26,321 | (118,981) | |
Tax effect: | ||||
Tax incentives | 0 | 118 | 0 | |
Other non-deductible additions and exclusions | (2,931) | (410) | 0 | |
Others | (90) | (27) | 18 | |
Income tax and social contribution | R$ 86683 | R$ 25387 | R$ 119981 | |
Income tax and social contribution at nominal rates | (34.00%) | (34.00%) | (34.00%) | |
Boa Vista Servicos S.A [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Profit before income tax and social contribution | R$ 167087 | R$ 338207 | ||
Income tax and social contribution at nominal rates | (56,810) | (114,990) | ||
Tax effect: | ||||
Tax incentives | 7,844 | 29,708 | ||
Interest on net equity | 45,826 | |||
Gain on loss of control of subsidiary | (6,511) | |||
Other non-deductible additions and exclusions | (2,578) | (1,025) | ||
Joint venture - equity method | (1,023) | |||
Others | 14 | 24 | ||
Income tax and social contribution | R$ 59064 | R$ 40457 | R$ 60959 | |
Income tax and social contribution at nominal rates | (34.00%) | (34.00%) | ||
Tax effect: | ||||
Tax incentives | 4.69% | 8.78% | ||
Interest on net equity | 13.55% | |||
Gain on loss of control of subsidiary | (3.90%) | |||
Other non-deductible additions and exclusions | (1.54%) | (0.30%) | ||
Joint venture - equity method | (0.61%) | |||
Others | 0.01% | 0.01% |
Income Tax and Social Contrib_6
Income Tax and Social Contribution - Summary of Tax Expense Reconciliation (Parenthetical) (Detail) | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Boa Vista Servicos S.A [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
TJLP percentage | 50% | 50% |
Income Tax and Social Contrib_7
Income Tax and Social Contribution - Summary of Changes in Balances of Deferred Tax Assets and Liabilities (Detail) - Boa Vista Servicos S.A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2022 | Jan. 01, 2023 | Jan. 01, 2022 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | R$ 30626 | R$ 46019 | R$ 24517 | |
Deferred tax expense income recognized in profit or loss | 19,771 | R$ 19256 | ||
Deferred tax expense income reversal recognized in profit or loss | (39,795) | 2,246 | ||
Deferred tax assets liabilities derecognized | 4,631 | |||
Sundry provisions(i) and deferred revenues [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | 39,870 | 29,595 | 24,052 | |
Deferred tax expense income recognized in profit or loss | 18,851 | 12,222 | ||
Deferred tax expense income reversal recognized in profit or loss | (8,576) | (6,679) | ||
Income Tax and Social Contribution losses [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | 3,675 | 4,163 | ||
Deferred tax expense income reversal recognized in profit or loss | (3,675) | (488) | ||
Amortization of fair value adjustments to assets(ii) [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | 11,002 | 6,602 | ||
Deferred tax expense income recognized in profit or loss | 4,857 | |||
Deferred tax expense income reversal recognized in profit or loss | (457) | |||
Deferred tax assets liabilities derecognized | (11,002) | |||
Fair value adjustment of the payables for business combination [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | 110 | 110 | ||
Deferred tax assets liabilities derecognized | (110) | |||
Impairment loss of assets [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | 7,943 | 7,943 | ||
Deferred tax assets liabilities derecognized | (7,943) | |||
Amortization of relationship with customers (Equifax) and unbilled revenues [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | (1,948) | (2,028) | (1,991) | |
Deferred tax expense income recognized in profit or loss | (103) | (37) | ||
Deferred tax expense income reversal recognized in profit or loss | 183 | |||
Lease liability [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | (566) | (981) | (1,339) | |
Deferred tax expense income recognized in profit or loss | (4,835) | |||
Deferred tax expense income reversal recognized in profit or loss | 415 | 5,193 | ||
Compensation for post combination services - Acordo Certo key employees [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | 28,142 | 12,021 | ||
Deferred tax expense income recognized in profit or loss | 16,121 | |||
Deferred tax expense income reversal recognized in profit or loss | (28,142) | |||
Deferred income tax and social contribution assets [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | 37,356 | 77,458 | 51,561 | |
Deferred tax expense income recognized in profit or loss | 18,748 | 28,328 | ||
Deferred tax expense income reversal recognized in profit or loss | (39,795) | (2,431) | ||
Deferred tax assets liabilities derecognized | (19,055) | |||
Change in fair value of contingent consideration(iii) [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | (20,991) | (27,044) | ||
Deferred tax expense income recognized in profit or loss | (1,319) | |||
Deferred tax expense income reversal recognized in profit or loss | 7,372 | |||
Deferred tax assets liabilities derecognized | 20,991 | |||
Technological innovation development costs [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | (6,730) | (7,753) | ||
Deferred tax expense income recognized in profit or loss | 1,023 | (7,753) | ||
Deferred income tax and social contribution liabilities [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | (6,730) | (28,744) | (27,044) | |
Deferred tax expense income recognized in profit or loss | 1,023 | (9,072) | ||
Deferred tax expense income reversal recognized in profit or loss | 7,372 | |||
Deferred tax assets liabilities derecognized | 20,991 | |||
Net deferred tax assets [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | 30,626 | 48,714 | R$ 24517 | |
Deferred tax expense income recognized in profit or loss | 19,771 | 19,256 | ||
Deferred tax expense income reversal recognized in profit or loss | (39,795) | 4,941 | ||
Deferred tax assets liabilities derecognized | 1,936 | |||
Transfer to held for sale [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Net deferred tax assets | R$ 2695 | |||
Deferred tax expense income reversal recognized in profit or loss | R$ 2695 | |||
Deferred tax assets liabilities derecognized | R$ 2695 |
Basic and Diluted Earnings Pe_3
Basic and Diluted Earnings Per Share - Summary of Calculated Based on the Weighted Average Number of Common Shares (Detail) - BRL (R$) R$ / shares in Units, R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings per share [line items] | ||||
Weighted average number of common shares for basic earnings per share calculation purposes | 9,567,200 | 22,002,687 | 26,184,148 | |
Basic earnings per share - R$ | R$ 22.77 | R$ 2.36 | R$ 8.78 | |
Boa Vista Servicos S A [member] | ||||
Earnings per share [line items] | ||||
Profit for the period/year attributable to the owners of the Company and used to calculate basic earnings per share (in Reais - R$) | R$ 108023628 | R$ 297750335 | R$ 175196612 | |
Weighted average number of common shares for basic earnings per share calculation purposes | 531,524,863 | 531,849,714 | 527,706,265 | |
Weighted average treasury shares | (1,230,038) | (789,429) | 0 | |
Weighted average number of common shares for basic earnings per share calculation purposes | 530,294,825 | 531,060,285 | 526,706,265 | |
Basic earnings per share - R$ | R$ 0.2037 | R$ 0.5607 | R$ 0.332 |
Basic and Diluted Earnings Pe_4
Basic and Diluted Earnings Per Share - Summary of Weighted Average Number of Common Shares Used to Calculate Basic Earnings Per Share (Detail) - BRL (R$) R$ / shares in Units, R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings per share [line items] | ||||
Diluted earnings per share – R$ | R$ 22.77 | R$ 2.36 | R$ 8.78 | |
Boa Vista Servicos S A [member] | ||||
Earnings per share [line items] | ||||
Profit for the period/year attributable to the owners of the Company and used to calculate diluted earnings per share (in Reais – R$) | R$ 108023628 | R$ 297750335 | R$ 175196612 | |
Weighted average number of common shares used to calculate basic earnings per share | 531,524,863 | 531,849,714 | 527,706,265 | |
Weighted average treasury shares | (1,230,038) | (789,429) | 0 | |
Effect of warrants | 708,996 | 1,387,621 | 711,601 | |
Effect of share options | 2,011,348 | 2,609,392 | 4,059,077 | |
Effect of restricted shares | 927,682 | 0 | 0 | |
Weighted average number of common shares for diluted earnings per share calculation purposes | 533,942,851 | 535,057,298 | 532,476,943 | |
Diluted earnings per share – R$ | R$ 0.2023 | R$ 0.5565 | R$ 0.329 |
Financial Instruments and Cap_3
Financial Instruments and Capital and Risk Management - Summary of Financial Assets and Financial Liabilities not Measured at Fair Value (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||||
Cash and cash equivalents | R$ 164095 | R$ 3541 | R$ 843 | R$ 4117 | |
Trade receivable | 134,432 | ||||
Trade receivable – Related parties | 1,776 | ||||
Total | 300,303 | ||||
Total | 300,303 | ||||
Trade payable to suppliers | 55,949 | ||||
Lease liability | 7,656 | ||||
Payables for acquisitions | 8,678 | ||||
Borrowings | 10,173 | 6,718 | |||
Trade payables - related parties | 205,753 | ||||
Total | 8,678 | ||||
Total | 279,531 | ||||
Total | 288,209 | ||||
Fair Value | 8,678 | ||||
Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Cash and cash equivalents | R$ 1174989 | 1,382,268 | |||
Trade receivable | 129,123 | 141,347 | |||
Trade receivable – Related parties | 1,245 | 2 | |||
Assets held for sale | 179,589 | ||||
Total | 1,305,357 | 179,589 | |||
Financial assets at amortised cost | 1,523,617 | ||||
Total | 1,305,357 | 1,523,617 | |||
Trade payable to suppliers | 53,130 | 50,994 | |||
Lease liability | 8,150 | 9,825 | R$ 20278 | ||
Payables for acquisitions | 5,475 | 81,559 | |||
Payable for acquistions current and non current net | 5,475 | ||||
Trade payables - related parties | 145 | ||||
Payables for business combinations | 6,258 | ||||
Total | 186,898 | ||||
Total | 67,683 | 181,719 | |||
Total | 73,158 | 181,719 | |||
Fair Value | 5,475 | 186,898 | |||
Liabilities held for sale | 22,568 | ||||
Compensation for post-combination services Acordo Certo key employees | 82,771 | ||||
Dividends and interest on net equity payable | 120,900 | ||||
Fair Value, Assets | 179,589 | ||||
Boa Vista Servicos S A [member] | Non-current assets held for sale [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value, Assets | 179,589 | ||||
Payable For Acquisition [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | 8,678 | ||||
Payable For Acquisition [member] | Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | 5,475 | ||||
Compensation Payable To Employees Of Post Business Combination Of Acquirees [member] | Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | 82,771 | ||||
Payable for business combination [member] | Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | 81,559 | ||||
Liabilities Held For Sale [member] | Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | 22,568 | ||||
Level 3 of fair value hierarchy [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | 8,678 | ||||
Level 3 of fair value hierarchy [member] | Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | 5,475 | 186,898 | |||
Fair Value, Assets | 179,589 | ||||
Level 3 of fair value hierarchy [member] | Boa Vista Servicos S A [member] | Non-current assets held for sale [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value, Assets | 179,589 | ||||
Level 3 of fair value hierarchy [member] | Payable For Acquisition [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | R$ 8678 | ||||
Level 3 of fair value hierarchy [member] | Payable For Acquisition [member] | Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | R$ 5475 | ||||
Level 3 of fair value hierarchy [member] | Compensation Payable To Employees Of Post Business Combination Of Acquirees [member] | Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | 82,771 | ||||
Level 3 of fair value hierarchy [member] | Payable for business combination [member] | Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | 81,559 | ||||
Level 3 of fair value hierarchy [member] | Liabilities Held For Sale [member] | Boa Vista Servicos S A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
Fair Value | R$ 22568 |
Financial Instruments and Cap_4
Financial Instruments and Capital and Risk Management - Summary of Financial Assets and Financial Liabilities not Measured at Fair Value (Parenthetical) (Detail) R$ in Thousands | Dec. 31, 2022 BRL (R$) |
Disclosure of detailed information about financial instruments [line items] | |
Non current financial assets at fair value through profit or loss | R$ 386950 |
Level 1 of fair value hierarchy [member] | BVS [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Non current financial assets at fair value through profit or loss | R$ 386950 |
Financial Instruments and Cap_5
Financial Instruments and Capital and Risk Management - Summary of Valuation Techniques and Significant Unobservable Inputs (Detail) - Boa Vista Servicos S.A [member] | 7 Months Ended |
Aug. 07, 2023 | |
Assets held for sale [member] | |
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Measurement Of Assets And Liabilities [Line Items] | |
Inter relationship between significant unobservable inputs and fair value measurement | The estimated fair value would increase (decrease) if: - the expected NOR was higher (lower); or - the risk-adjusted discount rate was lower (higher). |
Contingent consideration [member] | |
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Measurement Of Assets And Liabilities [Line Items] | |
Inter relationship between significant unobservable inputs and fair value measurement,Liabilities | The estimated fair value would increase (decrease) if: - the expected adjusted net revenue was higher (lower); or - the risk-adjusted discount rate was lower (higher). |
Liabilities Held For Sale [member] | |
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Measurement Of Assets And Liabilities [Line Items] | |
Inter relationship between significant unobservable inputs and fair value measurement,Liabilities | The estimated fair value would increase (decrease) if: - the expected NOR was higher (lower); or - the risk-adjusted discount rate was lower (higher). |
Expected Adjusted Net Revenue And Risk Adjusted Discounted Rate [member] | Contingent consideration [member] | |
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Measurement Of Assets And Liabilities [Line Items] | |
Significant unobservable inputs,Liabilities | Expected adjusted net revenue and Risk-adjusted discount rate |
Expected NOR And Risk Adjusted Discount Rate [member] | Assets held for sale [member] | |
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Measurement Of Assets And Liabilities [Line Items] | |
Significant unobservable inputs | NOR and risk- adjusted discount rate |
Expected NOR And Risk Adjusted Discount Rate [member] | Liabilities Held For Sale [member] | |
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Measurement Of Assets And Liabilities [Line Items] | |
Significant unobservable inputs,Liabilities | NOR and risk- adjusted discount rate |
Discounted cash flow [member] | Assets held for sale [member] | |
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Measurement Of Assets And Liabilities [Line Items] | |
Valuation technique | Discounted cash flows: The discounted cash flow considers the present value of expected net cash flows to be generated, taking into consideration the projected growth rate of net operating revenue (NOR). The expected net cash flows are discounted using a risk-adjusted discount rate. |
Discounted cash flow [member] | Contingent consideration [member] | |
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Measurement Of Assets And Liabilities [Line Items] | |
Valuation technique,Liabilities | Discounted cash flows: The valuation model considers the value of the expected adjusted net revenue as defined in the SPA discounted using a risk-adjusted discount rate. |
Discounted cash flow [member] | Liabilities Held For Sale [member] | |
Disclosure In Tabular Form Of Significant Unobservable Inputs Used In The Measurement Of Assets And Liabilities [Line Items] | |
Valuation technique,Liabilities | Discounted cash flows: The discounted cash flow considers the present value of expected net cash flows to be generated, taking into consideration the projected growth rate of net operating revenue (NOR). The expected net cash flows are discounted using a risk-adjusted discount rate. |
Financial Instruments and Cap_6
Financial Instruments and Capital and Risk Management - Summary of Reconciliation of Level 3 Fair Values (Detail) - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | ||
Aug. 07, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure In Tabular Form Of Reconciliation Of Liability Based On Significant Unobservable Inputs [Line Items] | ||||
Beginning balance | R$ 137183 | R$ 137183 | ||
Ending balance | 846,473 | R$ 137183 | ||
Boa Vista Servicos S.A [member] | ||||
Disclosure In Tabular Form Of Reconciliation Of Liability Based On Significant Unobservable Inputs [Line Items] | ||||
Beginning balance | 499,372 | 499,372 | ||
Unwinding of the time value of money | 12,033 | 1,218 | R$ 470 | |
Ending balance | 218,861 | 499,372 | ||
Contingent consideration [member] | Level 3 of fair value hierarchy [member] | Boa Vista Servicos S.A [member] | ||||
Disclosure In Tabular Form Of Reconciliation Of Liability Based On Significant Unobservable Inputs [Line Items] | ||||
Beginning balance | 58,658 | 58,658 | ||
Remeasurement of fair value of contingent consideration | 21,683 | |||
Net change in fair value (unrealized) | 882 | 1,218 | ||
Payment for business combinations – Acordo Certo | (84,780) | |||
Unwinding of the time value of money | 7,814 | |||
Ending balance | R$ 5475 | R$ 81559 | R$ 58658 |
Financial Instruments and Cap_7
Financial Instruments and Capital and Risk Management - Summary of Impact on Profit or Loss from the Change in Interest Rates of the Company's Financial Instruments (Detail) R$ in Thousands | 12 Months Ended | ||||
Aug. 07, 2023 BRL (R$) | Dec. 31, 2023 BRL (R$) | Dec. 31, 2022 BRL (R$) | Dec. 31, 2021 BRL (R$) | Dec. 31, 2020 BRL (R$) | |
Interest rate risk | |||||
Cash equivalents—financial investments | R$ 164095 | R$ 3541 | R$ 843 | R$ 4117 | |
Borrowings | (10,173) | (6,718) | |||
Lease liability | (7,656) | ||||
Net Exposure and impact from interest rate risk | 146,266 | ||||
Scenario I probable [member] | |||||
Interest rate risk | |||||
Net Exposure and impact from interest rate risk - Scenario | 17,186 | ||||
Scenario II + 10% deterioration [member] | |||||
Interest rate risk | |||||
Net Exposure and impact from interest rate risk - Scenario | 15,467 | ||||
Scenario III + 25% deterioration [member] | |||||
Interest rate risk | |||||
Net Exposure and impact from interest rate risk - Scenario | 12,890 | ||||
Scenario IV + 50% deterioration [member] | |||||
Interest rate risk | |||||
Net Exposure and impact from interest rate risk - Scenario | R$ 8593 | ||||
Cash equivalents - financial investments [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Probable rate | 11.75 | ||||
Cash equivalents - financial investments [member] | Scenario I probable [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Scenario | R$ 19281 | ||||
Cash equivalents - financial investments [member] | Scenario II + 10% deterioration [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Scenario | 17,353 | ||||
Cash equivalents - financial investments [member] | Scenario III + 25% deterioration [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Scenario | 14,461 | ||||
Cash equivalents - financial investments [member] | Scenario IV + 50% deterioration [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Scenario | R$ 9641 | ||||
Long-term borrowings [member] | |||||
Interest rate risk | |||||
Borrowings - Probable rate | 11.75 | ||||
Lease liability - Probable rate | 11.75 | ||||
Long-term borrowings [member] | Scenario I probable [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | R$ 1195 | ||||
Lease liability - Scenario | (1,195) | ||||
Long-term borrowings [member] | Scenario II + 10% deterioration [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | (1,076) | ||||
Lease liability - Scenario | (1,076) | ||||
Long-term borrowings [member] | Scenario III + 25% deterioration [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | (896) | ||||
Lease liability - Scenario | (896) | ||||
Long-term borrowings [member] | Scenario IV + 50% deterioration [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | (598) | ||||
Lease liability - Scenario | R$ 598 | ||||
Lease liability [member] | |||||
Interest rate risk | |||||
Borrowings - Probable rate | 11.75 | ||||
Lease liability - Probable rate | 11.75 | ||||
Lease liability [member] | Scenario I probable [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | R$ 900 | ||||
Lease liability - Scenario | (900) | ||||
Lease liability [member] | Scenario II + 10% deterioration [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | (810) | ||||
Lease liability - Scenario | (810) | ||||
Lease liability [member] | Scenario III + 25% deterioration [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | (675) | ||||
Lease liability - Scenario | (675) | ||||
Lease liability [member] | Scenario IV + 50% deterioration [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | (450) | ||||
Lease liability - Scenario | R$ 450 | ||||
Boa Vista Servios SA [Member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments | R$ 1174989 | 1,382,268 | |||
Lease liability | (8,150) | (9,825) | |||
Net Exposure and impact from interest rate risk | 1,166,839 | 1,372,443 | |||
Boa Vista Servios SA [Member] | Scenario I probable [member] | |||||
Interest rate risk | |||||
Net Exposure and impact from interest rate risk - Scenario | 137,103 | 188,711 | |||
Boa Vista Servios SA [Member] | Scenario II + 10% deterioration [member] | |||||
Interest rate risk | |||||
Net Exposure and impact from interest rate risk - Scenario | 123,393 | 169,840 | |||
Boa Vista Servios SA [Member] | Scenario III + 25% deterioration [member] | |||||
Interest rate risk | |||||
Net Exposure and impact from interest rate risk - Scenario | 102,827 | 141,533 | |||
Boa Vista Servios SA [Member] | Scenario IV + 50% deterioration [member] | |||||
Interest rate risk | |||||
Net Exposure and impact from interest rate risk - Scenario | R$ 68552 | R$ 94356 | |||
Boa Vista Servios SA [Member] | Cash equivalents - financial investments [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Probable rate | 11.75 | 13.75 | |||
Boa Vista Servios SA [Member] | Cash equivalents - financial investments [member] | Scenario I probable [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Scenario | R$ 138061 | R$ 190062 | |||
Boa Vista Servios SA [Member] | Cash equivalents - financial investments [member] | Scenario II + 10% deterioration [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Scenario | 124,255 | 171,056 | |||
Boa Vista Servios SA [Member] | Cash equivalents - financial investments [member] | Scenario III + 25% deterioration [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Scenario | 103,546 | 142,546 | |||
Boa Vista Servios SA [Member] | Cash equivalents - financial investments [member] | Scenario IV + 50% deterioration [member] | |||||
Interest rate risk | |||||
Cash equivalents—financial investments - Scenario | R$ 69031 | R$ 95031 | |||
Boa Vista Servios SA [Member] | Lease liability [member] | |||||
Interest rate risk | |||||
Borrowings - Probable rate | 11.75 | 13.75 | |||
Lease liability - Probable rate | 11.75 | 13.75 | |||
Boa Vista Servios SA [Member] | Lease liability [member] | Scenario I probable [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | R$ 958 | R$ 1351 | |||
Lease liability - Scenario | (958) | (1,351) | |||
Boa Vista Servios SA [Member] | Lease liability [member] | Scenario II + 10% deterioration [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | (862) | (1,216) | |||
Lease liability - Scenario | (862) | (1,216) | |||
Boa Vista Servios SA [Member] | Lease liability [member] | Scenario III + 25% deterioration [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | (719) | (1,013) | |||
Lease liability - Scenario | (719) | (1,013) | |||
Boa Vista Servios SA [Member] | Lease liability [member] | Scenario IV + 50% deterioration [member] | |||||
Interest rate risk | |||||
Borrowings - Scenario | (479) | (676) | |||
Lease liability - Scenario | R$ 479 | R$ 676 |
Financial Instruments and Cap_8
Financial Instruments and Capital and Risk Management - Summary of Impact on Profit or Loss from the Change in Interest Rates of the Company's Financial Instruments (Parenthetical) (Detail) | Dec. 31, 2023 |
Scenario One [Member] | |
Disclosure In Tabular Form Of Sensitivity Analysis Used In The Measurement Of Fair Value Of Assets And Liabilities Based On Significant Unobervable Input [Line Items] | |
Percentage of reasonably possible decrease in unobservable input, assets | 11.75% |
Percentage of reasonably possible increase in unobservable input, liabilities | 11.75% |
Scenario Two [Member] | |
Disclosure In Tabular Form Of Sensitivity Analysis Used In The Measurement Of Fair Value Of Assets And Liabilities Based On Significant Unobervable Input [Line Items] | |
Percentage of reasonably possible decrease in unobservable input, assets | 10% |
Percentage of reasonably possible increase in unobservable input, liabilities | 10% |
Scenario Three [Member] | |
Disclosure In Tabular Form Of Sensitivity Analysis Used In The Measurement Of Fair Value Of Assets And Liabilities Based On Significant Unobervable Input [Line Items] | |
Percentage of reasonably possible decrease in unobservable input, assets | 25% |
Percentage of reasonably possible increase in unobservable input, liabilities | 25% |
Scenario Four [Member] | |
Disclosure In Tabular Form Of Sensitivity Analysis Used In The Measurement Of Fair Value Of Assets And Liabilities Based On Significant Unobervable Input [Line Items] | |
Percentage of reasonably possible decrease in unobservable input, assets | 50% |
Percentage of reasonably possible increase in unobservable input, liabilities | 50% |
Boa Vista Servios SA [Member] | Scenario Two [Member] | |
Disclosure In Tabular Form Of Sensitivity Analysis Used In The Measurement Of Fair Value Of Assets And Liabilities Based On Significant Unobervable Input [Line Items] | |
Percentage of reasonably possible decrease in unobservable input, assets | 10% |
Percentage of reasonably possible increase in unobservable input, liabilities | 10% |
Boa Vista Servios SA [Member] | Scenario Three [Member] | |
Disclosure In Tabular Form Of Sensitivity Analysis Used In The Measurement Of Fair Value Of Assets And Liabilities Based On Significant Unobervable Input [Line Items] | |
Percentage of reasonably possible decrease in unobservable input, assets | 25% |
Percentage of reasonably possible increase in unobservable input, liabilities | 25% |
Boa Vista Servios SA [Member] | Scenario Four [Member] | |
Disclosure In Tabular Form Of Sensitivity Analysis Used In The Measurement Of Fair Value Of Assets And Liabilities Based On Significant Unobervable Input [Line Items] | |
Percentage of reasonably possible decrease in unobservable input, assets | 50% |
Percentage of reasonably possible increase in unobservable input, liabilities | 50% |
Financial Instruments and Cap_9
Financial Instruments and Capital and Risk Management - Summary of Valuation Techniques and Significant Unobservable Inputs of Assets and Liabilities (Detail) | 12 Months Ended |
Dec. 31, 2023 | |
Customer-related intangible assets [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Inter relationship between significant unobservable inputs and fair value measurement | The estimated fair value would increase (decrease) if: • the expected adjusted net revenue was higher (lower); or • the risk-adjusted discount rate was lower (higher). |
Customer-related intangible assets [member] | Expected Adjusted Net Revenue And Risk Adjusted Discount Rate [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Significant unobservable inputs | Expected adjusted net revenue and Risk-adjusted discount rate |
Customer-related intangible assets [member] | Multi-period excess earnings method [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Valuation technique | Multi-Period Excess Earning Method: The valuation model estimates the intangible asset’s value based on present value of the incremental after-tax cash flows attributable only to the intangible asset. |
Database [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Inter relationship between significant unobservable inputs and fair value measurement | The estimated fair value would increase (decrease) if: • the expected developer’s profit margin was higher (lower); or • the obsolescence factor was lower (higher). |
Database [Member] | Developers Profit Margin And Obsolescence Factor [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Significant unobservable inputs | Developer’s Profit Margin and Obsolescence Factor |
Database [Member] | Replacement Cost Metohd [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Valuation technique | Replacement Cost Method: The valuation model considers the current cost of a similar new asset having the nearest equivalent utility to the asset being valued. This approach involves the estimation of all costs incurred and accumulated in the development effort and application of any related obsolescence factors. |
Brand names [member] | |
Disclosure of detailed information about financial instruments [line items] | |
Inter relationship between significant unobservable inputs and fair value measurement | The estimated fair value would increase (decrease) if: • the expected royalty savings was higher (lower); or • the risk-adjusted discount rate was lower (higher). |
Brand names [member] | Expected Royalty Savings And Tax Benefits And Tax Adjusted Discount Rate [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Significant unobservable inputs | Expected royalty savings and tax benefits and Risk-adjusted discount rate |
Brand names [member] | Relief From Royalty Method [Member] | |
Disclosure of detailed information about financial instruments [line items] | |
Valuation technique | Relief from Royalty Method: The valuation model considers that ownership of the intangible asset relieves the owner the need to pay a royalty to a third party in exchange for rights to use the asset. |
Financial Instruments and Ca_10
Financial Instruments and Capital and Risk Management - Summary of Liabilities with Floating Rates, Interest was Calculated Based on a Market Forecast (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Cash and cash equivalents | R$ 164095 | R$ 3541 | R$ 843 | R$ 4117 | |
Trade receivable | 134,432 | ||||
Trade receivable - related parties | 1,776 | ||||
Accounts payable to suppliers | (55,949) | ||||
Borrowings | (10,173) | (6,718) | |||
Payables for business combination | (8,678) | ||||
Lease liability | (7,656) | ||||
Trade payables - related parties | (205,753) | ||||
Liquidity risk [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Cash and cash equivalents | 164,095 | ||||
Trade receivable | 135,034 | ||||
Trade receivable - related parties | 1,776 | ||||
Accounts payable to suppliers | (55,949) | ||||
Borrowings | (10,173) | ||||
Payables for business combination | (8,678) | ||||
Lease liability | (7,656) | ||||
Trade payables - related parties | (205,753) | ||||
Net financial assets liabilities | 12,696 | ||||
Carrying amount [member] | Liquidity risk [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Cash and cash equivalents | 164,095 | ||||
Trade receivable | 134,432 | ||||
Trade receivable - related parties | 1,776 | ||||
Accounts payable to suppliers | (55,949) | ||||
Borrowings | (10,173) | ||||
Payables for business combination | (8,678) | ||||
Lease liability | (7,656) | ||||
Trade payables - related parties | (205,753) | ||||
Net financial assets liabilities | 12,094 | ||||
Up to 1 year [member] | Liquidity risk [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Cash and cash equivalents | 164,095 | ||||
Trade receivable | 129,914 | ||||
Trade receivable - related parties | 1,776 | ||||
Accounts payable to suppliers | (55,949) | ||||
Borrowings | 0 | ||||
Payables for business combination | (4,074) | ||||
Lease liability | (4,133) | ||||
Trade payables - related parties | (17,376) | ||||
Net financial assets liabilities | 214,253 | ||||
1-3 years [member] | Liquidity risk [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Cash and cash equivalents | 0 | ||||
Trade receivable | 5,120 | ||||
Trade receivable - related parties | 0 | ||||
Accounts payable to suppliers | 0 | ||||
Borrowings | 0 | ||||
Payables for business combination | (4,604) | ||||
Lease liability | (3,523) | ||||
Trade payables - related parties | (36,668) | ||||
Net financial assets liabilities | (39,675) | ||||
Greater than 3 years [member] | Liquidity risk [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Cash and cash equivalents | 0 | ||||
Trade receivable | 0 | ||||
Trade receivable - related parties | 0 | ||||
Accounts payable to suppliers | 0 | ||||
Borrowings | (10,173) | ||||
Payables for business combination | 0 | ||||
Lease liability | 0 | ||||
Trade payables - related parties | (151,709) | ||||
Net financial assets liabilities | (161,882) | ||||
Boa Vista Servicos S.A [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Cash and cash equivalents | 1,382,268 | R$ 1174989 | R$ 1382268 | ||
Trade receivable | 142,547 | 129,882 | |||
Trade receivable - related parties | 2 | 1,245 | |||
Accounts payable to suppliers | (50,994) | (53,130) | |||
Payables for business combination | (85,809) | (11,733) | |||
Lease liability | (16,587) | (8,150) | |||
Trade payables - related parties | (145) | ||||
Dividends and interest on net equity payable | (120,900) | ||||
Net financial assets liabilities | 1,250,527 | 1,232,958 | |||
Boa Vista Servicos S.A [member] | Carrying amount [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Cash and cash equivalents | 1,382,268 | 1,174,989 | |||
Trade receivable | 141,347 | 129,123 | |||
Trade receivable - related parties | 2 | 1,245 | |||
Accounts payable to suppliers | (50,994) | (53,130) | |||
Payables for business combination | (81,559) | (11,733) | |||
Lease liability | (9,825) | (8,150) | |||
Trade payables - related parties | (145) | ||||
Dividends and interest on net equity payable | (120,900) | ||||
Net financial assets liabilities | 1,260,339 | 1,232,199 | |||
Boa Vista Servicos S.A [member] | Up to 1 year [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Cash and cash equivalents | 1,382,268 | 1,174,989 | |||
Trade receivable | 134,189 | 123,852 | |||
Trade receivable - related parties | 2 | 1,245 | |||
Accounts payable to suppliers | (50,994) | (53,130) | |||
Payables for business combination | (80,580) | (7,538) | |||
Lease liability | (5,679) | (3,712) | |||
Trade payables - related parties | (145) | ||||
Dividends and interest on net equity payable | (120,900) | ||||
Net financial assets liabilities | 1,258,306 | 1,235,561 | |||
Boa Vista Servicos S.A [member] | 1-3 years [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Trade receivable | 8,358 | 6,030 | |||
Payables for business combination | (4,250) | (2,918) | |||
Lease liability | (8,834) | (2,350) | |||
Net financial assets liabilities | (4,726) | 762 | |||
Boa Vista Servicos S.A [member] | 3-4 years [member] | |||||
Disclosure In Tabular Form Of Maturity Analysis Of Non Derivative Financial Assets And Liabilities [Line Items] | |||||
Payables for business combination | (979) | (1,277) | |||
Lease liability | (2,074) | (2,088) | |||
Net financial assets liabilities | R$ 3053 | R$ 3365 |
Financial Instruments and Ca_11
Financial Instruments and Capital and Risk Management - Summary of Net indebtedness Indexes on the Shareholders' Equity (Detail) - BRL (R$) R$ in Thousands | Dec. 31, 2023 | Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of detailed information about financial instruments [line items] | |||||
(-) Cash and cash equivalents (Note 7) | R$ 164095 | R$ 3541 | R$ 843 | R$ 4117 | |
(+) Lease liability, payables for business combinations and borrowings | 26,507 | ||||
Net indebtedness | (137,588) | ||||
Total equity | 3,232,111 | 266,921 | R$ 220714 | R$ 453296 | |
Boa Vista Servicos S.A [member] | |||||
Disclosure of detailed information about financial instruments [line items] | |||||
(-) Cash and cash equivalents (Note 7) | R$ 1382268 | R$ 1174989 | (1,382,268) | ||
(+) Lease liability, payables for business combinations and borrowings | 19,883 | 91,384 | |||
Net indebtedness | (1,155,106) | (1,290,884) | |||
Total equity | R$ 2297712 | R$ 2199224 | |||
Net debt ratio - % | (50.27%) | (58.70%) |
Employee Benefits - Summary of
Employee Benefits - Summary of Stock Options Granted on Various Dates (Detail) - Boa Vista Servicos S.A [member] | 7 Months Ended |
Aug. 07, 2023 | |
Grant Date One [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Month | February |
Year | 2012 |
Grant Date Two [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Month | May |
Year | 2018 |
Grant Date Three [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Month | August |
Year | 2018 |
Grant Date Four [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Month | October |
Year | 2018 |
Grant Date Five [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Month | March |
Year | 2019 |
Grant Date Six [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Month | September |
Year | 2019 |
Grant Date Seven [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Month | November |
Year | 2019 |
Grant Date Eight [member] | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |
Month | August |
Year | 2020 |
Employee Benefits - Summary o_2
Employee Benefits - Summary of Changes in Balances of Vested Stock Options (Detail) - Boa Vista Servicos S.A [member] - shares | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Beginning of the period | 24,970 | 24,970 | 50,014 |
Cancellation | (24,970) | 0 | 0 |
Options exercise April/2021 | 0 | 0 | (25,044) |
End of the period | 0 | 24,970 | 24,970 |
Employee Benefits - Summary o_3
Employee Benefits - Summary of Variations in the Quantity of Stock Options and their Weighted Average Strike Prices (Detail) - Boa Vista Servicos S.A [member] | 7 Months Ended | 12 Months Ended | ||||||
Aug. 07, 2023 shares | Apr. 24, 2023 shares | Aug. 07, 2023 shares | Aug. 07, 2023 R$ / shares | Aug. 07, 2023 Options | Dec. 31, 2022 R$ / shares | Dec. 31, 2022 Options | Dec. 31, 2021 Options R$ / shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||||||||
Beginning of the period (in shares) | R$ 7.17 | R$ 6.8 | R$ 5.77 | |||||
Cancelled,average price share | 7.07 | 0 | 0 | |||||
Exercised,average price share | 0 | 0 | 6.25 | |||||
End of the period ( in shares) | R$ 0 | R$ 7.17 | R$ 6.8 | |||||
Beginning of the period (Options) | 3,534,000 | 3,534,000 | 3,534,000 | 11,292,000 | ||||
Cancelled (Options) | (2,739,000) | (795) | (3,534,000) | 0 | 0 | |||
Exercised (Options) | 0 | 0 | 0 | (7,758,000) | ||||
End of the period (Options) | 0 | 0 | 0 | 3,534,000 | 3,534,000 |
Employee Benefits - Summary o_4
Employee Benefits - Summary of Variations in the Quantity of Stock Options and their Weighted Average Strike Prices (Parenthetical) (Detail) - Boa Vista Servicos S.A [member] | 7 Months Ended | 12 Months Ended | |||||||
Aug. 07, 2023 shares | Apr. 24, 2023 shares | Aug. 07, 2023 shares | Aug. 07, 2023 Options shares | Dec. 31, 2022 Options shares | Dec. 31, 2021 Options | Aug. 07, 2023 Options | Dec. 31, 2022 Options | Dec. 31, 2020 Options | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||||||
Share based compensation by share based award options cancelled during the period | 2,739,000 | 795 | 3,534,000 | 0 | 0 | ||||
Share based compensation by share based award options outstanding | 0 | 0 | 0 | 3,534,000 | 3,534,000 | 0 | 3,534,000 | 11,292,000 | |
Share based compensation by share based award options granted during the period | 0 | ||||||||
Share based compensation by share based award options excercised during the period | 0 | 0 | 0 | 7,758,000 |
Employee Benefits - Summary o_5
Employee Benefits - Summary of Restricted Shares Granted (Detail) - Boa Vista Servicos S.A [member] - Restricted shares [member] | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 shares R$ / shares | Dec. 31, 2022 shares R$ / shares | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Beginning Balance (in shares) | 263,721 | 582,406 |
New grants | 2,155,188 | 0 |
Realized | 0 | (149,323) |
Canceled | 0 | (169,362) |
Ending Balance (in shares) | 2,418,909 | 263,721 |
Grant date tranche one [member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | March 31, 2021 | March 31, 2021 |
Exercise period | Mar/22, Mar/23 and Mar/24 | Mar/22, Mar/23 and Mar/24 |
Fair value on the grant date | R$ / shares | R$ 11.51 | R$ 11.51 |
Beginning Balance (in shares) | 263,721 | 582,406 |
New grants | 0 | 0 |
Realized | 0 | (149,323) |
Canceled | 0 | (169,362) |
Ending Balance (in shares) | 263,721 | 263,721 |
Grant date tranche two [member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | February 15, 2023 | |
Exercise period | Feb/24, Feb/25 and Feb/26 | |
Fair value on the grant date | R$ / shares | R$ 7.7 | |
Beginning Balance (in shares) | 0 | |
New grants | 471,746 | |
Realized | 0 | |
Canceled | 0 | |
Ending Balance (in shares) | 471,746 | |
Grant date tranche three [member] | ||
Disclosure of terms and conditions of share-based payment arrangement [line items] | ||
Grant date | June 2, 2023 | |
Exercise period | Jun/26 | |
Fair value on the grant date | R$ / shares | R$ 7.72 | |
Beginning Balance (in shares) | 0 | |
New grants | 1,683,442 | |
Realized | 0 | |
Canceled | 0 | |
Ending Balance (in shares) | 1,683,442 |
Employee Benefits - Summary o_6
Employee Benefits - Summary of the Company Recognized Expenses Related to the Grants of the Share Plan (Detail) - Boa Vista Servicos S.A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Grant date fair value of awards | R$ 1404 | R$ 1006 | R$ 2681 |
Social security contribution | 335 | 184 | 868 |
Total | R$ 1739 | R$ 1190 | R$ 3549 |
Employee Benefits - Summary o_7
Employee Benefits - Summary of the Company Recognized Expenses Related to the Plan and a Liability (Detail) - Boa Vista Servicos S.A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended | |
Aug. 07, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Grant date fair value of awards | R$ 1404 | R$ 1006 | R$ 2681 |
Social security contribution | 335 | 184 | 868 |
Total | 1,739 | 1,190 | 3,549 |
Phanthom shares [member] | |||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||
Grant date fair value of awards | 5,496 | 1,113 | 0 |
Social security contribution | 1,386 | 280 | 0 |
Total | R$ 6882 | R$ 1393 | R$ 0 |
Employee Benefits - Additional
Employee Benefits - Additional Information (Detail) - Employees | 12 Months Ended | ||||
Jun. 02, 2023 | Feb. 15, 2023 | Dec. 13, 2022 | Mar. 31, 2021 | Dec. 31, 2022 | |
Phanthom shares [member] | Vesting tranche one [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting percentage | 30% | ||||
Phanthom shares [member] | Vesting tranche two [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting percentage | 30% | ||||
Phanthom shares [member] | Vesting tranche three [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting percentage | 40% | ||||
Boa Vista Servicos S.A [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Number of employees who are part of the plan | 7 | ||||
Boa Vista Servicos S.A [member] | Restricted shares [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting period | 3 years | ||||
Boa Vista Servicos S.A [member] | Restricted shares [member] | Vesting tranche one [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting percentage | 30% | ||||
Boa Vista Servicos S.A [member] | Restricted shares [member] | Vesting tranche one [member] | Management [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting percentage | 25% | ||||
Boa Vista Servicos S.A [member] | Restricted shares [member] | Vesting tranche two [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting percentage | 30% | ||||
Boa Vista Servicos S.A [member] | Restricted shares [member] | Vesting tranche two [member] | Management [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting percentage | 30% | ||||
Boa Vista Servicos S.A [member] | Restricted shares [member] | Vesting tranche three [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting percentage | 40% | ||||
Boa Vista Servicos S.A [member] | Restricted shares [member] | Vesting tranche three [member] | Management [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Share based compensation by share based award vesting percentage | 45% | ||||
Boa Vista Servicos S.A [member] | Tranche one [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Start date of exercise of stock options | Jan. 01, 2023 | ||||
End date of exercise of stock options | Jan. 20, 2023 | ||||
Boa Vista Servicos S.A [member] | Tranche two [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Start date of exercise of stock options | Apr. 01, 2023 | ||||
End date of exercise of stock options | Apr. 20, 2023 | ||||
Boa Vista Servicos S.A [member] | Tranche three [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Start date of exercise of stock options | Jul. 01, 2023 | ||||
End date of exercise of stock options | Jul. 20, 2023 | ||||
Boa Vista Servicos S.A [member] | Tranche four [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Start date of exercise of stock options | Oct. 01, 2023 | ||||
End date of exercise of stock options | Oct. 20, 2023 | ||||
Boa Vista Servicos S.A [member] | Tranche five [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Start date of exercise of stock options | Jan. 01, 2024 | ||||
End date of exercise of stock options | Jan. 20, 2024 | ||||
Boa Vista Servicos S.A [member] | Top of range [member] | |||||
Disclosure of terms and conditions of share-based payment arrangement [line items] | |||||
Grants eligible to be issued as a percentage of total capital | 10% |
Transactions Not Involving Ca_3
Transactions Not Involving Cash - Summary of Investing and Financing Activities not Involving Cash (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Transactions not involving cash [Line Items] | ||
Contribution of assets to the formation of BVRV | R$ 182270 | R$ 0 |
Reclassification of warrants | 6,258 | 0 |
Lease termination | R$ 0 | R$ 7541 |
Transactions Not Involving Ca_4
Transactions Not Involving Cash - Summary of Reconciliation of Liabilities Arising from Financing Activities (Detail) - Boa Vista Servicos S A [member] - BRL (R$) R$ in Thousands | 7 Months Ended | 12 Months Ended |
Aug. 07, 2023 | Dec. 31, 2022 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Reclassification | R$ 6258 | R$ 0 |
Reclassification Of Warrants [Member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 0 | |
Cash flows | 0 | |
Acquisition | 0 | |
Interest | 0 | |
Write-off | 0 | |
Reclassification | 6,258 | |
Ending balance | 6,258 | 0 |
Lease liabilities [member] | ||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||
Beginning balance | 9,825 | 20,278 |
Cash flows | (2,377) | (7,463) |
Acquisition | 0 | 2,625 |
Interest | 702 | 2,036 |
Write-off | 0 | (7,541) |
Reclassification | 0 | |
Transfer to held for sale | (110) | |
Ending balance | R$ 8150 | R$ 9825 |
Earnings Per Share - Summary of
Earnings Per Share - Summary of Weighted Average Number of Shares Used as the Denominator (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Earnings per share [abstract] | |||
Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating basic and diluted earnings per share | 9,567,200 | 22,002,687 | 26,184,148 |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) - BRL (R$) R$ in Thousands | 12 Months Ended | |||
Oct. 13, 2023 | Oct. 11, 2023 | May 16, 2022 | Dec. 31, 2021 | |
Subsequent events [Line Items] | ||||
Dividends paid | R$ 2910 | |||
Boa Vista Servicos S.A [member] | ||||
Subsequent events [Line Items] | ||||
Dividends paid | R$ 6946 | R$ 6946 | ||
Boa Vista Servicos S.A [member] | Capital Reduction [Member] | ||||
Subsequent events [Line Items] | ||||
Reduction of capital | R$ 797874 | |||
Boa Vista Servicos S.A [member] | Payment Of Dividend [Member] | ||||
Subsequent events [Line Items] | ||||
Dividends paid | R$ 277127 |