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Borrowings and lease liabilities
 3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
Text Block [Abstract]    
Borrowings and lease liabilities

9. Borrowings and lease liabilities

 

     Interest rate %      Maturity      March 31,
2020		      December 31,
2019		  

Bank borrowings—domestic (i)

     
 113% of
CDI		  
 		      March 2021        42,124        52,668  
        

 

 

     

 

 

  

Related parties

            42,124        52,668  

Financial institution (ii)

     
 CDI +
0.774%		  
 		      April 2023        333,368        329,410  
        

 

 

     

 

 

  

Third parties

            333,368        329,410  
        

 

 

     

 

 

  

Total borrowings

            375,492        382,078  
        

 

 

     

 

 

  

Lease liabilities

            268,947        255,406  
        

 

 

     

 

 

  

Total borrowings and lease liabilities

            644,439        637,484  
        

 

 

     

 

 

  

Current

            405,498        116,450  

Non-current

            238,941        521,034  

 

(*)

Brazilian Interbank Offering Rate (CDI)
(i)

Loan agreement with Itaú Unibanco with maturity on March 8, 2021, payable in 36 monthly installments.
(ii)

Loan agreement entered into on March 28, 2018 with the International Finance Corporation (IFC). The principal amount is due on the maturity date and accrued interests payable at every six months.

All the obligations above contain financial covenants, which comply with certain performance conditions. The Group has complied with these covenants throughout the reporting period (Note 24 (b)).

15. Borrowings and lease liabilities

 

    

Interest rate %

   

Maturity

    2019      2018  

Bank borrowings—domestic (i)

    113% of CDI (*)    March 2021      52,668        94,921  
        

 

 

     

 

 

  

Related parties

            52,668        94,921  

Bank borrowings—domestic (ii)

    111% of CDI (*)    July 2019      —          44,352  

Financial institution (iii)

    CDI (*) + 0,774%p,a    April 2023      329,410        330,336  

Third parties

            329,410        374,688  
        

 

 

     

 

 

  

Total borrowings

            382,078        469,609  
        

 

 

     

 

 

  

Lease liabilities (Note 13.(d))

            255,406        —    
        

 

 

     

 

 

  

Total borrowings and lease liabilities

            637,484        469,609  
        

 

 

     

 

 

  

Current

            116,450        114,489  

Non-current

            521,034        355,120  

 

(*)

Brazilian Interbank Offering Rate (CDI)
(i)

Loan agreement with Itaú Unibanco with maturity on March 8, 2021, payable in 36 monthly installments.
(ii)

Loan agreement with Banco JP Morgan S.A., hired in connection with the acquisition of Rico, payable in seven quarterly installments. In July 2019, the loan was fully settled.
(iii)

Loan agreement entered into on March 28, 2018 with the International Finance Corporation (IFC). The principal amount is due on the maturity date and accrued interests payable at every six months.

All the obligations above contain financial covenants, which comply with certain performance conditions. The Group has complied with these covenants throughout the reporting period (Note 34 (ii)).