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Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Taxes  
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
     
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
       
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
                   
  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
     
  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