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Goodwill and Intangible assets (Tables)

12 Months Ended

Dec. 31, 2022

Summary of Intangible Assets
	Note	Goodwill and intangible from acquisition	Intangible assets				Total
	Note	Goodwill and intangible from acquisition	Association for the promotion and offer of financial products and services	Software acquired	Internally developed software	Other intangible assets ⁽¹⁾	Total
Annual amortization rates			8%	20%	20%	10% to 20%
Cost
Balance at 12/31/2021		13,031	2,657	6,476	11,157	6,431	39,752
Acquisitions		-	-	519	4,208	1,041	5,768
Rescissions / disposals		-	-	(23)	(1)	(480)	(504)
Exchange variation		(600)	(276)	(339)	-	(41)	(1,256)
Other ⁽³⁾		-	(15)	(1,210)	724	683	182
Balance at 12/31/2022		12,431	2,366	5,423	16,088	7,634	43,942
Amortization
Balance at 12/31/2021		-	(1,374)	(4,149)	(4,220)	(1,984)	(11,727)
Amortization expense ⁽²⁾		-	(115)	(517)	(1,511)	(1,200)	(3,343)
Rescissions / disposals		-	-	7	-	480	487
Exchange variation		-	116	188	(3)	28	329
Other ⁽³⁾		-	16	734	(399)	(490)	(139)
Balance at 12/31/2022		-	(1,357)	(3,737)	(6,133)	(3,166)	(14,393)
Impairment	2d VIII
Balance at 12/31/2021		(5,209)	(712)	(171)	(823)	-	(6,915)
Increase		-	-	-	(1)	-	(1)
Exchange variation		328	153	-	-	-	481
Balance at 12/31/2022		(4,881)	(559)	(171)	(824)	-	(6,435)
Book value
Balance at 12/31/2022		7,550	450	1,515	9,131	4,468	23,114

1) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits.

2) Amortization expenses related to the rights for acquisition of payrolls and associations, in the amount of R$ (1,202) (R$ (860) from 01/01 to 12/31/2021) are disclosed in the General and administrative expenses (Note 23).

3) Includes the total amount of R$ 61 related to the hyperinflationary for Argentina.

Goodwill and Intangible Assets from Acquisition are mainly represented by Itaú CorpBanca’s goodwill in the amount of R$ 3,015 (R$ 3,375 at 12/31/2021).

Note Goodwill and intangible from acquisition Intangible assets Total

31/12/2021 Association for the promotion and offer of financial products and services Software acquired Internally developed software Other intangible assets ⁽¹⁾

Annual amortization rates 8% 20% 20% 10% to 20%

Cost 01/01/2021

Balance at 12/31/2020 13,959 2,822 6,484 7,664 3,274 34,203

Acquisitions ⁽⁴⁾ - 5 738 3,511 3,413 7,667

Rescissions / disposals (10) - (65) (13) (236) (324)

Exchange variation (918) (155) (238) - (20) (1,331)

Other ^(3,5) - (15) (443) (5) - (463)

Balance at 12/31/2021 13,031 2,657 6,476 11,157 6,431 39,752

Amortization

Balance at 12/31/2020 - (1,347) (3,680) (3,288) (1,410) (9,725)

Amortization expense ⁽²⁾ - (109) (819) (942) (791) (2,661)

Rescissions / disposals - - 28 10 214 252

Exchange variation - 68 125 - 3 196

Other ^(3,5) - 14 197 - - 211

Balance at 12/31/2021 - (1,374) (4,149) (4,220) (1,984) (11,727)

Impairment 2d VIII

Balance at 12/31/2020 (5,772) (789) (204) (383) - (7,148)

Increase - - - (440) - (440)

Disposals - - 33 - - 33

Exchange variation 563 77 - - - 640

Balance at 12/31/2021 (5,209) (712) (171) (823) - (6,915)

Book value

Balance at 12/31/2021 7,822 571 2,156 6,114 4,447 21,110

1) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits.
2) Amortization expenses related to the rights for acquisition of payrolls and associations, in the amount of R$ (860) (R$ (594) from 01/01 to 12/31/2020) are disclosed in the General and administrative expenses (Note 23).
3) Includes the total amount of R$ 34 related to the hyperinflationary adjustment for Argentina.
4) Other intangible assets: includes the effect of R$ 2,422 related to acquisition on 07/16/2021 of payroll management of the Government of the State of Minas Gerais.
5) Includes reclassifications of Software licenses necessary to put data processing systems into use, in the net amount of R$ 327.