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Financial instruments (Tables)

12 Months Ended

Dec. 31, 2019

Sensitivity Analysis Of The Interest Rate Risks (Details)

As a result, financial income (with respect to short-term investments) and financial expense, net (with respect to both short and long-term borrowings) would be impacted as follows:


Transactions	Interest rate risk		Book value			Reasonably possible change			Impact on profit or loss before tax
Short-term investments		CDI variation		2,758,265			10	%		1,103
Loans and financing		CDI variation		(2,910,550	)		10	%		(1,261	)
Obligations to FIDC quota holders		CDI variation		(3,710,894	)		10	%		(1,581	)

										(1,738	)

Sensitivity Analysis Of Reasonably Possible Change Non-Designated Foreign Currency Derivatives (Details)


Transactions	Denomination currency		Book value		Reasonably possible change			Impact on profit or loss before tax
Cash and cash equivalents - Deposits		U.S. dollar		58,262		10.00	%		5,826
Short-term investments - Equity securities		U.S. dollar		2,908,470		10.00	%		290,847
Short-term investments - Others		U.S. dollar		10,027		10.00	%		1,003

				2,976,759					297,676

Non-derivative Financial Liabilities and net-settled derivative financial liabilities by Maturity (Details)

The amounts disclosed in the table are the contractual undiscounted cash flows.


	Less than one year		Between 1 and 2 years		Between 2 and 5 years		Over 5 years
At December 31, 2019
Accounts payable to clients		6,500,071		—		—		—
Trade accounts payable		97,825		—		—		—
Loans and financing		2,947,811		29,762		20,643		37,078
Obligations to FIDC quota holders		2,090,894		1,620,000		—		—
Derivative financial instruments liabilities		1,354		—
Other liabilities		80,619		5,051		—		—

	Less than one year		Between 1 and 2 years		Between 2 and 5 years		Over 5 years
At December 31, 2018
Accounts payable to clients		4,996,102		—		—		—
Trade accounts payable		117,836		—		—		—
Loans and financing		761,056		1,395		—		—
Obligations to FIDC quota holders		16,646		2,057,925		—		—
Other liabilities		14,248		4,667		—		—

Schedule of Assets As Per Statement of Financial Position (Details)

Assets as per statement of financial position


	Amortized cost		FVPL		FVOCI		Total
At December 31, 2019
Short-term investments		—		2,926,509		10,520		2,937,029
Accounts receivable from card issuers		—		—		14,066,814		14,066,814
Trade accounts receivable		124,756		124,661		—		249,417
Derivative financial instruments		—		14,062		—		14,062
Other assets		151,030		—		—		151,030

		275,786		3,065,232		14,077,334		17,418,352

At December 31, 2018
Short-term investments		—		2,762,071		8,518		2,770,589
Accounts receivable from card issuers		—		—		9,244,608		9,244,608
Trade accounts receivable		44,616		—		—		44,616
Derivative financial instruments		—		1,195		—		1,195
Other assets		15,367		—		—		15,367

		59,983		2,763,266		9,253,126		12,076,375

Schedule of Liabilities As Per Statement Of Financial Position (Details)

Liabilities as per statement of financial position


	Amortized cost		FVPL		Total
At December 31, 2019
Accounts payable to clients		6,500,071		—		6,500,071
Trade accounts payable		97,825		—		97,825
Loans and financing		3,035,294		—		3,035,294
Obligations to FIDC quota holders		3,710,894		—		3,710,894
Derivative financial instruments		—		1,354		1,354
Other liabilities		85,670		—		85,670

	13,429,754		1,354		13,431,108

At December 31, 2018
Accounts payable to clients		4,996,102		—		4,996,102
Trade accounts payable		117,836		—		117,836
Loans and financing		762,451		—		762,451
Obligations to FIDC quota holders		2,074,571		—		2,074,571
Derivative financial instruments		—		586		586
Other liabilities		18,915		—		18,915

		7,969,875		586		7,970,461

Schedule of Class Between Book Value And Fair Value Of The Financial Instruments (Details)

The table below presents a comparison by class between book value and fair value of the financial instruments of the Group:


	2019						2018
	Book value		Fair value		Hierarchy level		Book value		Fair value		Hierarchy level
Financial assets
Short-term investments (1)		2,937,029		2,937,029		I/II		2,770,589		2,770,589		I/II
Accounts receivable from card issuers (2)		14,066,814		14,066,814		II		9,244,608		9,244,608		II
Trade accounts receivable (3)		249,417		249,417		II		44,616		44,616		II
Derivative financial instruments (4)		14,062		14,062		II		1,195		1,195		II
Other assets (3)		151,030		151,030		II		15,367		15,367		II

		17,418,352		17,418,352				12,076,375		12,076,375

Financial liabilities
Accounts payable to clients (5)		6,500,071		6,380,302		II		4,996,102		4,898,949		II
Trade accounts payable (3)		97,825		97,825		II		117,836		117,836		II
Loans and financing (5)		3,035,294		3,041,500		II		762,451		747,651		II
Obligations to FIDC quota holders (5)		3,710,894		3,709,871		II		2,074,571		2,045,397		II
Derivative financial instruments (4)		1,354		1,354		II		586		586		II
Other liabilities (3)		85,670		85,670		II		18,915		18,915		II

		13,431,108		13,316,522				7,970,461		7,829,334

Schedule of Adjusted Net Cash (Details)

The Group’s strategy is to keep a positive adjusted net cash. The adjusted net cash as of December 31, 2019 and 2018 was as follows:


	2019			2018
Cash and cash equivalents		968,342			297,929
Short-term investments		2,937,029			2,770,589
Accounts receivable from card issuers		14,066,814			9,244,608
Loans held for sale		124,661			—
Derivative financial instruments (a)		12,348			1,195

Adjusted cash		18,109,194			12,314,321
Accounts payable to clients		(6,500,071	)		(4,996,102	)
Loans and financing (b)		(2,912,033	)		(762,451	)
Obligations to FIDC quota holders		(3,710,894	)		(2,074,571	)
Derivative financial instruments		(1,354	)		(586	)

Adjusted debt		(13,124,352	)		(7,833,710	)

	4,984,842			4,480,611