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Taxes (Tables) | 12 Months Ended
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Dec. 31, 2024
Taxes |
Schedule of calculation of tax rates |
Schedule of calculation of tax rates |
Income tax | 15.00%
Additional income tax | 10.00%
Social contribution on net income | 20.00%
Schedule of breakdown of income tax and social contribution expense |
Schedule of breakdown of income tax and social contribution expense |  |  |
Due on operations for the period | 01/01 to 12/31/2024 | 01/01 to 12/31/2023 | 01/01 to 12/31/2022
Income / (loss) before income tax and social contribution | 47,556 | 39,700 | 36,694
Charges (income tax and social contribution) at the rates in effect (1) | (21,401) | (17,865) | (16,665)
Increase / decrease in income tax and social contribution charges arising from: |  |  |
Share of profit or (loss) of associates and joint ventures | 1,478 | 1,168 | 954
Interest on capital | 5,559 | 5,419 | 4,449
Other nondeductible expenses net of non taxable income (2) | 4,931 | 2,593 | 4,667
Income tax and social contribution expenses | (9,433) | (8,685) | (6,595)
Related to temporary differences |  |  |
Increase / (reversal) for the period | 4,005 | 2,862 | 143
(Expenses) / Income from deferred taxes | 4,005 | 2,862 | 143
Total income tax and social contribution expenses | (5,428) | (5,823) | (6,452)
1) | In 2022, it considers the current IRPJ and CSLL rate equal to 45% in the period from January to July and it is equal to 46% in the period from August to December.
2) | Includes temporary (additions) and exclusions.
Schedule of deferred tax asset balance and respective changes |
Schedule of deferred tax asset balance and respective changes |  |  |  |
01/01/2024 | 12/31/2023 | Realization / Reversal | Increase | 12/31/2024
Reflected in income | 58,714 | (17,283) | 23,205 | 64,636
Provision for expected loss | 37,658 | (6,430) | 10,552 | 41,780
Related to tax losses and social contribution loss carryforwards | 2,325 | (385) | 529 | 2,469
Provision for profit sharing | 2,794 | (2,794) | 3,258 | 3,258
Provision for devaluation of securities with permanent impairment | 1,006 | (1,006) | 1,738 | 1,738
Provisions | 5,869 | (2,354) | 2,762 | 6,277
Civil lawsuits | 1,227 | (730) | 742 | 1,239
Labor claims | 2,867 | (1,509) | 1,816 | 3,174
Tax and social security obligations | 1,775 | (115) | 204 | 1,864
Legal obligations | 279 | (15) | 111 | 375
Adjustments of operations carried out on the futures settlement market | - | - | 787 | 787
Adjustment to fair value of financial assets - At fair value through profit or loss | 755 | (755) | 245 | 245
Provision relating to health insurance operations | 395 | (30) | - | 365
Other | 7,633 | (3,514) | 3,223 | 7,342
Reflected in stockholders’ equity | 2,954 | (244) | 2,860 | 5,570
Adjustment to fair value of financial assets - At fair value through other comprehensive income | 2,022 | (244) | 2,490 | 4,268
Cash flow hedge | 108 | - | 284 | 392
Other | 824 | - | 86 | 910
Total | 61,668 | (17,527) | 26,065 | 70,206
01/01/2023 | 12/31/2022 | Realization / Reversal | Increase | 12/31/2023
Reflected in income | 55,806 | (19,135) | 22,043 | 58,714
Provision for expected loss | 34,160 | (9,142) | 12,640 | 37,658
Related to tax losses and social contribution loss carryforwards | 2,496 | (547) | 376 | 2,325
Provision for profit sharing | 2,635 | (2,635) | 2,794 | 2,794
Provision for devaluation of securities with permanent impairment | 812 | (812) | 1,006 | 1,006
Provisions | 5,734 | (2,224) | 2,359 | 5,869
Civil lawsuits | 1,230 | (781) | 778 | 1,227
Labor claims | 3,010 | (1,328) | 1,185 | 2,867
Tax and social security obligations | 1,494 | (115) | 396 | 1,775
Legal obligations | 464 | (207) | 22 | 279
Adjustments of operations carried out on the futures settlement market | 171 | (171) | - | -
Adjustment to fair value of financial assets - At fair value through profit or loss | 804 | (804) | 755 | 755
Provision relating to health insurance operations | 400 | (5) | - | 395
Other | 8,130 | (2,588) | 2,091 | 7,633
Reflected in stockholders’ equity | 3,453 | (1,196) | 697 | 2,954
Adjustment to fair value of financial assets - At fair value through other comprehensive income | 2,546 | (962) | 438 | 2,022
Cash flow hedge | 342 | (234) | - | 108
Other | 565 | - | 259 | 824
Total | 59,259 | (20,331) | 22,740 | 61,668
Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 58,859 (R$ 53,691 at 12/31/2023) and R$ 603 (R$ 560 at 12/31/2023), respectively. II - The deferred tax liabilities balance and its changes are represented by:
01/01/2024 | 12/31/2023 | Realization / reversal | Increase | 12/31/2024
Reflected in income | 7,148 | (2,368) | 4,285 | 9,065
Depreciation in excess finance lease | 130 | (23) | - | 107
Adjustment of deposits in guarantee and provisions | 1,572 | (9) | 191 | 1,754
Post-employment benefits | 15 | (15) | 260 | 260
Adjustments of operations carried out on the futures settlement market | 416 | (416) | - | -
Adjustment to fair value of financial assets - At fair value through profit or loss | 1,450 | (1,450) | 3,538 | 3,538
Taxation of results abroad – capital gains | 740 | - | 24 | 764
Other | 2,825 | (455) | 272 | 2,642
Reflected in stockholders’ equity | 1,389 | (147) | 1,643 | 2,885
Adjustment to fair value of financial assets - At fair value through other comprehensive income | 1,381 | (143) | 1,643 | 2,881
Post-employment benefits | 8 | (4) | - | 4
Total | 8,537 | (2,515) | 5,928 | 11,950
01/01/2023 |
| 12/31/2022 | Realization / reversal | Increase | 12/31/2023
Reflected in income | 7,111 | (2,300) | 2,337 | 7,148
Depreciation in excess finance lease | 141 | (11) | - | 130
Adjustment of deposits in guarantee and provisions | 1,439 | (92) | 225 | 1,572
Post-employment benefits | 17 | (17) | 15 | 15
Adjustments of operations carried out on the futures settlement market | 42 | (42) | 416 | 416
Adjustment to fair value of financial assets - At fair value through profit or loss | 1,554 | (1,554) | 1,450 | 1,450
Taxation of results abroad – capital gains | 734 | (10) | 16 | 740
Other | 3,184 | (574) | 215 | 2,825
Reflected in stockholders’ equity | 859 | (331) | 861 | 1,389
Adjustment to fair value of financial assets - At fair value through other comprehensive income | 854 | (331) | 858 | 1,381
Post-employment benefits | 5 | - | 3 | 8
Total | 7,970 | (2,631) | 3,198 | 8,537
Schedule of realization and present value of tax credits and from provision for deferred income tax and social contribution |
Schedule of realization and present value of tax credits and from provision for deferred income tax and social contribution |  |  |  |  |  |  |  |  |  |
| Deferred tax assets | Deferred tax liabilities | % | Net deferred taxes | %
Year of realization | Temporary differences | % | Tax loss / social contribution loss carryforwards | % | Total | %
2025 | 12,140 | 17.9% | 404 | 16.4% | 12,544 | 17.9% | (1,209) | 10.1% | 11,335 | 19.5%
2026 | 7,872 | 11.6% | 171 | 6.9% | 8,043 | 11.5% | (313) | 2.6% | 7,730 | 13.3%
2027 | 7,468 | 11.0% | 99 | 4.0% | 7,567 | 10.8% | (272) | 2.3% | 7,295 | 12.5%
2028 | 7,093 | 10.5% | 100 | 4.1% | 7,193 | 10.2% | (405) | 3.4% | 6,788 | 11.7%
2029 | 6,758 | 10.0% | 170 | 6.9% | 6,928 | 9.9% | (851) | 7.1% | 6,077 | 10.4%
After 2029 | 26,406 | 39.0% | 1,525 | 61.7% | 27,931 | 39.7% | (8,900) | 74.5% | 19,031 | 32.6%
Total | 67,737 | 100.0% | 2,469 | 100.0% | 70,206 | 100.0% | (11,950) | 100.0% | 58,256 | 100.0%
Present value (1) | 52,656 |  | 1,806 |  | 54,462 |  | (8,021) |  | 46,441 |
1) | The average funding rate, net of tax effects, was used to determine the present value.
Schedule of tax liabilities |
Schedule of tax liabilities |  |  |
| Note | 12/31/2024 | 12/31/2023
Taxes and contributions on income payable |  | 4,364 | 3,970
Deferred tax liabilities | 24b II | 603 | 560
Other |  | 6,378 | 4,672
Total |  | 11,345 | 9,202
Current |  | 8,444 | 7,915
Non-current |  | 2,901 | 1,287

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