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v3.20.2

Provisions and contingent liabilities (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2020 | Dec. 31, 2019
Text Block [Abstract] |  |
Summary Of Other Provisions |
|  | March 31, 2020 |  |  | December 31, 2019 |
Tax contingencies |  |  | 9,956 |  |  |  | 9,878 |
Civil contingencies |  |  | 2,412 |  |  |  | 2,673 |
Labor contingencies |  |  | 2,529 |  |  |  | 2,642 |
Total provision |  |  | 14,897 |  |  |  | 15,193 |
Judicial deposits (i) |  |  | 10,050 |  |  |  | 18,403 |
(i) | There are circumstances in which the Group is questioning the legitimacy of certain litigations or claims filed against it. As a result, either because of a judicial order or based on the strategy adopted by management, the Group might be required to secure part or the whole amount in question by means of judicial deposits, without this being characterized as the settlement of the liability. These amounts are classified as “Other assets” on the consolidated balance sheets and referred above for information.
|  | 2019 |  |  | 2018 |
Tax contingencies |  |  | 9,878 |  |  |  | 9,392 |
Civil contingencies |  |  | 2,673 |  |  |  | 5,610 |
Labor contingencies |  |  | 2,642 |  |  |  | 2,472 |
Total provision |  |  | 15,193 |  |  |  | 17,474 |
Judicial deposits (a) |  |  | 18,403 |  |  |  | 14,850 |
(a) | There are circumstances in which the Group is questioning the legitimacy of certain litigations or claims filed against us. As a result, either because of a judicial order or based on the strategy adopted by management, the Group might be required to secure part or the whole amount in question by means of judicial deposits, without this being characterized as the settlement of the liability. These amounts are classified as “Other assets” on the consolidated balance sheets, and referred above for information.
Summary Of Changes In Other Provisions | Changes in the provision during the three months period
|  | Three months period ended March 31, |
|  | 2020 |  |  | 2019 |
As of January 1 |  |  | 15,193 |  |  |  | 17,474 |
Monetary correction |  |  | 325 |  |  |  | 336 |
Provisions accrued |  |  | 159 |  |  |  | 11 |
Provisions reversed |  |  | (546 | ) |  |  | — |
Payments |  |  | (234 | ) |  |  | (318 | )
As of March 31 |  |  | 14,897 |  |  |  | 17,503 |
'Summary Of Contingent Liabilities | Below is summarized these possible claims by nature:
|  | March 31, 2020 |  |  | December 31, 2019 |
Tax (i) |  |  | 69,963 |  |  |  | 69,386 |
Civil (ii) |  |  | 89,419 |  |  |  | 81,414 |
Labor |  |  | 4,600 |  |  |  | 3,151 |
Total |  |  | 163,982 |  |  |  | 153,951 |
(i) | In December 2019, the Group was notified by tax authorities for a requirement of social security contributions due to employee profit sharing payments related to the calendar year 2015, allegedly in violation of Brazilian Law 10,101/00. Currently, the case at administrative level in assessment by the Administrative Council of Tax Appeals (“CARF”), awaiting the decision on the Group’s appeal. There are other favorable CARF precedents on the subject and the Group obtained legal opinions that support the Group’s defense and current practice.
(ii) | The Group is defendant in 456 civil claims by customers and investment agents, mainly related to portfolio management, risk rating, copyrights and contract termination. The total amount represents the collective maximum value to which the Group is exposed based on the claims’ amounts monetarily restated.
| Below is summarized these claims by nature:
|  | 2019 |  |  | 2018 |
Tax (i) |  |  | 69,386 |  |  |  | 19,971 |
Civil (ii) |  |  | 81,414 |  |  |  | 64,820 |
Labor |  |  | 3,151 |  |  |  | 4,532 |
Total |  |  | 153,951 |  |  |  | 89,323 |
(i) | In December 2019, the Group was notified by tax authorities for a requirement of social security contributions due to employee profit sharing payments related to the calendar year 2015, allegedly in violation of Brazilian Law 10,101/00. Currently, the case at administrative level in assessment by the Administrative Council of Tax Appeals (“CARF”), awaiting the decision on the Group’s appeal. There are other favorable CARF precedents on the subject and the Group obtained legal opinions that support the Group’s defense and current practice.
(ii) | The Group is defendant in 6 civil claims by customers and investment agents, mainly related to portfolio management, risk rating, copyrights and contract termination. The total amount represents the collective maximum value to which the Group is exposed based on the claims’ amounts monetarily restated.
Summary Of Changes In Other Provisions |  | Changes in the provision during the year
|  | 2019 |  |  | 2018 |  |  | 2017 |
Balance at January 1 |  |  | 17,474 |  |  |  | 11,843 |  |  |  | 5,334 |
Monetary correction |  |  | 2,492 |  |  |  | 1,667 |  |  |  | 2,226 |
Provision/(Reversal) |  |  | (1,601 | ) |  |  | 7,897 |  |  |  | 3,531 |
Business combination (Note 5 (ii)) |  |  | — |  |  |  | — |  |  |  | 7,921 |
Payments |  |  | (3,172 | ) |  |  | (3,933 | ) |  |  | (7,169 | )
Balance at December 31 |  |  | 15,193 |  |  |  | 17,474 |  |  |  | 11,843 |

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