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Loans and financing (Tables)
 12 Months Ended
Dec. 31, 2019
Text block [abstract]  
Schedule of loans and financing
As of December 31, 2019, and 2018, loans and financing are as follows:
 
   
Average annual interest rate %
  
Maturity
  
2019
   
2018
 
Obligations to FIDC AR quota holders (a)
  
106.0% - 106.8% of CDI Rate*
  Jun/20, Nov/20, Dec/20, Jul/21   
2,070,542
    6,408 
Obligations to FIDC TAPSO quota holders (b)
  115.0% of CDI Rate*  Mar/20   20,352    10,238 
Leases (c)
  CDI Rate* + 2.1% per year     —    783 
Leases (c)
  111.0% of CDI Rate*  Jul/20   1,497    1,496 
Leases (c)
  105.7% - 107.1% of CDI Rate*  Jan/20 - Jun/29   35,778    —   
Bank borrowings (d)
  108.0% - 121.3% of CDI Rate*  Jan/20 - Mar/20   
1,777,083
    750 
Loans with private entities
  109.8% of CDI Rate*  Sep/21   738,456    758,027 
Debentures (e)
  109.0% of CDI Rate*  Jul/22   394,997    —   
      
 
 
   
 
 
 
Current portion of debt
      
 
5,038,705
 
  
 
777,702
 
Obligations to FIDC AR quota holders (a)
  106.0% - 106.8% of CDI Rate*  Jun/20, Nov/20, Dec/20, Jul/21   
1,620,000
    
2,057,925
 
Leases (c)
  111.0% of CDI Rate*  Jul/20   —      1,395 
Leases (c)
  105.7% - 107.1% of CDI Rate*  Jan/20 - Jun/29   87,483    —   
Debentures (e)
  109.0% of CDI Rate*  Jul/22   —      —   
      
 
 
   
 
 
 
Non-current
portion of debt
      
 
1,707,483
 
  
 
2,059,320
 
      
 
 
   
 
 
 
Total debt
      
 
6,746,188
 
  
 
2,837,022
 
      
 
 
   
 
 
 
 
 *
“CDI Rate” means the Brazilian interbank deposit (
Certificado de Depósito Interbancário
) rate, which is an average of interbank overnight rates in Brazil.
Summary of Changes in Loans and Financing
Changes in loans and financing
   
Balance at
12/31/2018
   
Additions
   
Payment
  
Interest
   
Balance at
12/31/2019
 
Obligations to FIDC AR quota holders (i)
   2,064,333    1,620,000    (180,713)   186,922    3,690,542 
Obligations to FIDC TAPSO quota holders
   10,238    20,000    (10,734)   848    20,352 
Leases (ii)
   3,674    154,650    (38,023)   4,457    124,758 
Bank borrowings (iii)
   750    2,561,360    (798,323)   13,296    1,777,083 
Debentures
   —      397,478    (13,815)   11,334    394,997 
Loans with private entities
   758,027    —      (66,717)   47,146    738,456 
  
 
 
   
 
 
   
 
 
  
 
 
   
 
 
 
  
 
2,837,022
 
  
 
4,753,488
 
  
 
(1,108,325
) 
 
 
264,003
 
  
 
6,746,188
 
  
 
 
   
 
 
   
 
 
  
 
 
   
 
 
 
Current
   777,702         5,038,705 
Non current
   2,059,320         1,707,483 
 
   
Balance at
12/31/2017
   
Addtions
   
Payment
  
Interest
   
Balance at
12/31/2018
 
Obligations to FIDC AR quota holders
   2,065,026    —      (141,297)   140,604    2,064,333 
Obligations to FIDC TAPSO quota holders
   —      10,000    —     238    10,238 
Leases
   12,517    4,339    (14,296)   1,114    3,674 
Bank borrowings
   4,354    —      (3,815)   211    750 
Loans with private entities
   —      746,909    —     11,118    758,027 
  
 
 
   
 
 
   
 
 
  
 
 
   
 
 
 
  
 
2,081,897
 
  
 
761,248
 
  
 
(159,408
) 
 
 
153,285
 
  
 
2,837,022
 
  
 
 
   
 
 
   
 
 
  
 
 
   
 
 
 
Current
   22,534         777,702 
Non current
   2,059,363         2,059,320