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Summary of significant accounting policies (Tables) | 12 Months Ended
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Dec. 31, 2019
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Summary of Adoption of IFRS 16 On Lease Liabilities | On adoption of IFRS 16, the Group recognized lease liabilities in relation to leases which had previously been classified as ‘operating leases’ under the principles of IAS 17 These liabilities were measured at the present value of the remaining lease payments, discounted using the lessee’s incremental borrowing rate as of January 1, 2019. The weighted average lessee’s incremental borrowing rate applied to the lease liabilities on January 1, 2019 was 9.0%.
Operating lease commitments disclosed as of December 31, 2018 |  |  | 209,318 |
Discounted using the incremental borrowing rate of at the date of initial application |  |  | (60,099 | )
(Less): short-term leases recognized on a straight-line basis as expense |  |  | (725 | )
Lease liability recognized as of January 1, 2019 |  |  | 148,494 |
Summary of Right-Of-Use Assets Related to Property and Equipment Leases | The associated right-of-use assets related to property and equipment leases above were measured at the amount equal to the lease liability, adjusted by the amount of any prepaid or accrued lease payments relating to that lease recognized in the balance sheet as of December 31, 2018.
Lease liability recognized as of January 1, 2019 |  |  | 148,494 |
(Less): accrued lease payments as of December 31, 2018 |  |  | (14,624 | )
Total right-of-use assets as of January 1, 2019 |  |  | 133,870 |
Represented by: |  |  |  |
Properties |  |  | 123,262 |
Equipments |  |  | 10,608 |
Summary of Depreciation of Property and Equipment | Depreciation is calculated on a straight-line basis over the estimated useful lives of the assets, as follows:
|  | Annual Rate (%) |
Data Processing Systems |  |  | 20 | %
Furniture and equipment |  |  | 10 | %
Security systems |  |  | 10 | %
Facilities |  |  | 10 | %
Summary of Useful Lives of the Intangible Assets | The amortization of intangible assets with definite lives is recognized in profit or loss in the expense category consistent with the use of intangible assets. The useful lives of the intangible assets are shown below:
|  | Estimate useful life (years) |
Software |  |  | 3-5 |
Internally developed intangible |  |  | 3-7 |
Customer list |  |  | 2-8 |
Trademarks |  |  | 10-20 |

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- Definition The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Paragraph 53 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_53&doctype=Standard -URIDate 2019-03-27 + Details
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- Definition The explanation of the difference between: (a) operating lease commitments disclosed applying IAS 17 at the end of the annual reporting period immediately preceding the date of initial application of IFRS 16, discounted using the incremental borrowing rate at the date of initial application; and (b) lease liabilities recognised in the statement of financial position at the date of initial application of IFRS 16. The incremental borrowing rate is the rate of interest that a lessee would have to pay to borrow over a similar term, and with a similar security, the funds necessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2019-01-01 -Paragraph C12 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2019-en-r&anchor=para_C12_b&doctype=Appendix&subtype=C -URIDate 2019-03-27 + Details
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- Definition Disclosure of detailed information about depreciation rates of property, plant and equipment [text block] + References No definition available. + Details
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- Definition Disclosure of detailed information about useful life of intangible assets [text block] + References No definition available. + Details
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