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8. Restricted cash
12 Months Ended
Dec. 31, 2017
Restricted Cash  
Restricted cash
  December 31, 2017 December 31, 2016
Current    
Agreement with the São Paulo municipal government (i) 12,055 15,858
Brazilian Federal Savings Bank – escrow deposits (ii) 1,209 2,989
Other 5,558  5,231 
  18,822  24,078 

 

(i)       Refers to the amount deducted from the 7.5% of Municipal revenue transferred to the Municipal Fund, corresponding to eventual amounts unpaid by direct management bodies, foundations and government agencies, as established in the agreement entered into with the municipal government of São Paulo; and

 

(ii)   Refers to savings account for receiving escrow deposits regarding lawsuits with final and unappealable decisions in favor of the Company, which are blocked as per contractual clause.