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Deferred Revenue (Tables)

12 Months Ended

Dec. 31, 2020

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Deferred revenue in subsidiaries

The subsidiaries of the Company have recognized the following deferred revenue:

	12/31/2020		12/31/2019
‘am/pm’ and Jet Oil franchising upfront fee (a)	814		956
Loyalty program “Km de Vantagens” (b)	15,424		25,096
Loyalty program “Clube Extrafarma” (b)	2,044		1,574
Total current	18,282		27,626

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- Definition

The entity grants customers award credit as incentive provided to buy certain goods or services. The entity allocates some of the consideration received or receivable from the sales transaction to the award credits, deferring the recognition of revenue.

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