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Taxes (Tables)
 12 Months Ended
Dec. 31, 2019
Text Block [Abstract]  
Summary of Calculation of Tax Rates
Taxes are calculated at the rates shown below and consider, for effects of respective calculation bases, the legislation in force applicable to each charge.
 
Income tax
   15.00% 
Additional income tax
   10.00% 
Social contribution on net income
   15.00% 
Summary of Breakdown of Income Tax and Social Contribution Expense
Breakdown of income tax and social contribution expense calculation:
 
Due on operations for the period
  
01/01 to
12/31/2019
   
01/01 to
12/31/2018
   
01/01 to
12/31/2017
 
Net income before income tax and social contribution
  
 
31,243
 
  
 
30,608
 
  
 
30,582
 
Charges (income tax and social contribution) at the rates in effect
   (12,497)    (13,774)    (13,762) 
Increase / decrease in income tax and social contribution charges arising from:
      
Share of profit or (loss) of associates and joint ventures net
   372    147    169 
Foreign exchange variation on investiments abroad
   711    4,381    397 
Interest on capital
   3,012    3,791    3,873 
Corporate reorganizations (Note 2.4 a IV)
   —      628    628 
Dividends and interest on external debt bonds
   543    516    420 
Other nondeductible expenses net of non taxable income
(*)
   (1,233)    1,747    3,736 
Income tax and social contribution expenses
  
 
(9,092
) 
  
 
(2,564
) 
  
 
(4,539
) 
Related to temporary differences
    
Increase / (reversal) for the period
   5,750    (2,650)    (2,888) 
Increase / (reversal) of prior periods
   (88)    245    70 
(Expenses) / Income related to deferred taxes
  
 
5,662
 
  
 
(2,405
) 
  
 
(2,818
) 
  
 
 
   
 
 
   
 
 
 
Total income tax and social contribution expenses
  
 
(3,430
) 
  
 
(4,969
) 
  
 
(7,357
) 
  
 
 
   
 
 
   
 
 
 
 
(*)
Includes temporary (additions) and exclusions.
Summary of Deferred Tax Asset Balance and Respective Changes
I – The deferred tax asset balance and its changes, segregated based on its origin and disbursements, are represented by:
 
   
12/31/2018
   
Realization /
Reversal
   
Increase
   
12/31/2019
 
Reflected in income
  
 
37,252
 
  
 
(13,667
) 
  
 
19,795
 
  
 
43,380
 
Provision for expected loss
   18,563    (4,712)    9,009    22,860 
Relating to tax losses and social contribution loss carryforwards
   4,391    (2,339)    533    2,585 
Provision for profit sharing
   1,844    (1,844)    2,162    2,162 
Provision for devaluation of securities with permanent impairment
   1,729    (902)    703    1,530 
Provisions
   4,464    (1,552)    3,296    6,208 
  
 
 
   
 
 
   
 
 
   
 
 
 
Civil lawsuits
   1,586    (651)    478    1,413 
Labor claims
   2,037    (790)    2,004    3,251 
Tax and social security lawsuits
   841    (111)    814    1,544 
Goodwill on purchase of investments
   60    (60)    —      —   
Legal obligations
   676    (57)    104    723 
Adjustments of operations carried out on the futures settlement market
   98    (98)    84    84 
Adjustment to Fair Value of Financial Assets – At Fair Value Through Profit or Loss
   631    (631)    738    738 
Provision relating to health insurance operations
   343    —      5    348 
Other
   4,453    (1,472)    3,161    6,142 
Reflected in stockholders’ equity
  
 
1,888
 
  
 
(509
) 
  
 
975
 
  
 
2,354
 
Adjustment to Fair Value of Financial Assets – At Fair Value Through Other Comprehensive Income
   383    (163)    546    766 
Cash flow hedge
   1,149    (93)    131    1,187 
Other
   356    (253)    298    401 
  
 
 
   
 
 
   
 
 
   
 
 
 
Total
(1)(2)(3)
  
 
39,140
 
  
 
(14,176
) 
  
 
20,770
 
  
 
45,734
 
  
 
 
   
 
 
   
 
 
   
 
 
 
 
(1)
Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 38,914 and R$ 1,058, respectively.
(2)
The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from temporary differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually, and for the consolidated taken as a whole.
(3)
The deferred tax asset balance comprises its annual revaluation and effects caused by EC 103/2019 in tax rate of the Social Contribution on Net Income, which was increased from 15% to 20%, reaching the institutions set forth in item I of paragraph 1 of article 1 of Supplementary Law No. 105, of January 10, 2001, totaling R$ 1,614.
 
   
12/31/2017
   
Realization /
Reversal
   
Increase
   
12/31/2018
 
Reflected in income
  
 
48,810
 
  
 
(23,511
) 
  
 
11,953
 
  
 
37,252
 
Provision for expected loss
   24,686    (9,746)    3,623    18,563 
Relating to tax losses and social contribution loss carryforwards
   7,595    (3,649)    445    4,391 
Provision for profit sharing
   1,829    (1,829)    1,844    1,844 
Provision for devaluation of securities with permanent impairment
   2,228    (1,843)    1,344    1,729 
Provisions
   5,194    (2,124)    1,394    4,464 
  
 
 
   
 
 
   
 
 
   
 
 
 
Civil lawsuits
   1,974    (610)    222    1,586 
Labor claims
   2,200    (1,280)    1,117    2,037 
Tax and social security lawsuits
   1,020    (234)    55    841 
Goodwill on purchase of investments
   141    (163)    82    60 
Legal obligations
   488    (61)    249    676 
Adjustments of operations carried out in futures settlement market
   277    (277)    98    98 
Adjustment to Fair Value of Financial Assets – At Fair Value Through Profit or Loss
   429    (429)    631    631 
Provision relating to health insurance operations
   341    (5)    7    343 
Other
   5,602    (3,385)    2,236    4,453 
Reflected in stockholders’ equity
  
 
2,192
 
  
 
(785
) 
  
 
481
 
  
 
1,888
 
Corporate reorganizations (Note 2,4 a IV)
   628    (628)    —      —   
Adjustment to Fair Value of Financial Assets – At Fair Value Through Other Comprehensive Income
   327    (157)    213    383 
Cash flow hedge
   983    —      166    1,149 
Other
   254    —      102    356 
  
 
 
   
 
 
   
 
 
   
 
 
 
Total
(*)
  
 
51,002
 
  
 
(24,296
) 
  
 
12,434
 
  
 
39,140
 
  
 
 
   
 
 
   
 
 
   
 
 
 
 
(*)
Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 32,781 and R$ 447, respectively.
 
II – The provision for deferred tax and contributions and respective changes are as follows:
 
   
12/31/2018
   
Realization /

reversal
   
Increase
   
12/31/2019
 
Reflected in income
  
 
6,144
 
  
 
(3,863
) 
  
 
4,329
 
  
 
6,610
 
Depreciation in excess – finance lease
   346    (144)    —      202 
Adjustment of escrow deposits and provisions
   1,348    (29)    212    1,531 
Post-employment benefits
   287    (56)    51    282 
Adjustments of operations carried out on the futures settlement market
   923    (923)    1,330    1,330 
Adjustment to Fair Value of Financial Assets – At Fair Value Through Profit or Loss
   1,790    (1,790)    1,149    1,149 
Taxation of results abroad – capital gains
   659    (142)    64    581 
Other
   791    (779)    1,523    1,535 
Reflected in stockholders’ equity
  
 
662
 
  
 
(262
) 
  
 
868
 
  
 
1,268
 
Adjustment to Fair Value of Financial Assets – At Fair Value Through Other Comprehensive Income
   474    (107)    861    1,228 
Cash flow hedge
   168    (142)    4    30 
Post-employment benefits
   7    —      3    10 
Other
   13    (13)    —      —   
  
 
 
   
 
 
   
 
 
   
 
 
 
Total
(*)
  
 
6,806
 
  
 
(4,125
) 
  
 
5,197
 
  
 
7,878
 
  
 
 
   
 
 
   
 
 
   
 
 
 
 
(*)
Deferred income tax and social contribution asset and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 38,914 and R$ 1,058, respectively.
 
   
12/31/2017
   
Realization /

reversal
   
Increase
   
12/31/2018
 
Reflected in income
  
 
14,569
 
  
 
(11,385
) 
  
 
2,960
 
  
 
6,144
 
Depreciation in excess – finance lease
   613    (267)    —      346 
Adjustment of escrow deposits and provisions
   1,280    (11)    79    1,348 
Post-employment benefits
   304    (143)    126    287 
Adjustments of operations carried out on the futures settlement market
   1,421    (1,421)    923    923 
Adjustment to Fair Value of Financial Assets – At Fair Value Through Profit or Loss
   7,592    (7,592)    1,790    1,790 
Taxation of results abroad – capital gains
   1,973    (1,314)    —      659 
Other
   1,386    (637)    42    791 
Reflected in stockholders’ equity
  
 
955
 
  
 
(311
) 
  
 
18
 
  
 
662
 
Adjustment to Fair Value of Financial Assets – At Fair Value Through Other Comprehensive Income
   767    (302)    9    474 
Cash flow hedge
   166    —      2    168 
Post-employment benefits
   9    (9)    7    7 
Other
   13    —      —      13 
  
 
 
   
 
 
   
 
 
   
 
 
 
Total (*)
  
 
15,524
 
  
 
(11,696
) 
  
 
2,978
 
  
 
6,806
 
  
 
 
   
 
 
   
 
 
   
 
 
 
 
(*)
Deferred income tax and social contribution asset and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 32,781 and R$ 447, respectively.
Summary of Realization and Present Value of Tax Credits and From Provision for Deferred Income Tax and Social Contribution
III –
The estimate of realization and present value of tax credits and from the Provision for Deferred Income Tax and Social Contribution are:
 
   
Deferred tax assets
              
Year of
realization
  
Temporary
differences
   
%
  
Tax loss / social
contribution loss
carryforwards
   
%
  
Total
   
%
  
Deferred tax
liabilities
  
%
  
Net
deferred
taxes
   
%
 
2020
   12,987    30%   1,184    46%   14,171    31%   (1,487)   19%   12,684    33% 
2021
   10,614    25%   177    7%   10,791    23%   (614)   8%   10,177    27% 
2022
   6,598    15%   44    2%   6,642    15%   (542)   7%   6,100    16% 
2023
   4,276    10%   37    1%   4,313    9%   (284)   3%   4,029    11% 
2024
   2,062    5%   559    21%   2,621    6%   (437)   6%   2,184    6% 
After 2024
   6,612    15%   584    23%   7,196    16%   (4,514)   57%   2,682    7% 
Total
  
 
43,149
 
  
 
100
% 
 
 
2,585
 
  
 
100
% 
 
 
45,734
 
  
 
100
% 
 
 
(7,878
) 
 
 
100
% 
 
 
37,856
 
  
 
100
% 
  
 
 
   
 
 
  
 
 
   
 
 
  
 
 
   
 
 
  
 
 
  
 
 
  
 
 
   
 
 
 
Present value
(*)
  
 
40,354
 
  
 
2,381
 
  
 
42,735
 
  
 
(6,923)
 
  
 
35,812
 
  
  
 
 
    
 
 
    
 
 
    
 
 
   
 
 
   
 
(*)
The average funding rate, net of tax effects, was used to determine the present value.
Summary of Tax Liabilities
c) Tax liabilities
 
   
12/31/2019
   
12/31/2018
 
Taxes and contributions on income payable
   3,083    615 
Other Taxes and Contributions payable
   914    1,443 
Provision for deferred income tax and social contribution (Note 24b II)
   1,058    447 
Other
   2,836    2,779 
  
 
 
   
 
 
 
Total
  
 
7,891
 
  
 
5,284