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Related party transactions | 12 Months Ended
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Dec. 31, 2023
Disclosure of transactions between related parties [abstract] |
Related party transactions | Related party transactions Transactions and remuneration of services with related parties are carried out in the ordinary course of business and under arm’s length conditions, and including interest rates, terms and guarantees, and do not involve risks greater than normal collection or present other disadvantages. (a) Key-person management compensation Key management includes executive statutory directors, members of the Board of Directors and Executive Boards. The compensation paid or payable to key management for their services is shown below:
|  | 2023 |  | 2022 |  | 2021
Fixed compensation |  | 17,445 |  |  | 7,837 |  |  | 8,801 |
Variable compensation |  | 15,843 |  |  | 60,781 |  |  | 44,362 |
Total |  | 33,288 |  |  | 68,618 |  |  | 53,163 |
(b) Transactions with related parties The main transactions carried with related parties for year-end balances arising from such transactions are as follows:
| Assets/(Liabilities) |  | Revenue/(Expenses)
Relation and transaction | 2023 |  | 2022 |  | 2023 |  | 2022 |  | 2021
Shareholders with significant influence (i) | — |  |  | (3,562,079) |  |  | 6,104 |  |  | (160,835) |  |  | (60,177) |
Securities | — |  |  | 238,088 |  |  | 17,403 |  |  | 24,770 |  |  | 4,270 |
Securities purchased under agreements to resell | — |  |  | — |  |  | 5,101 |  |  | 9,370 |  |  | 19,098 |
Accounts receivable and Loans operations | — |  |  | 476 |  |  | 424 |  |  | 1,330 |  |  | 744 |
Securities sold under repurchase agreements | — |  |  | (3,800,643) |  |  | (16,824) |  |  | (196,305) |  |  | (84,268) |
Borrowings | — |  |  | — |  |  | — |  |  | — |  |  | (21) |
(i)These transactions are mainly related to Itaúsa S.A. Group. See note 1 (1.4). Transactions with related parties also includes transactions among the Company and its associates related to commissions and premiums paid in advance, as described in Note 13. Transactions with related parties also includes transactions among the Company and its subsidiaries in the course of normal operations, including services rendered such as: (i) education, consulting and business advisory; (ii) financial advisory and financial consulting in general; (iii) management of resources and portfolio management; (iv) information technology and data processing; and (v) insurance and (vi) loan operations. The effects of those transactions have been eliminated and do not have effects on the consolidated financial statements.

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- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2023-01-01 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2023-03-23 + Details
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