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Provision for contingencies
12 Months Ended
Dec. 31, 2017
Provision for contingencies [Abstract]  
Provision for contingencies

17. Provision for contingencies

Some companies of PagSeguro Group are party to labor and civil litigation in progress and are discussing such matters at the administrative and judicial levels, which, when applicable, are supported by judicial deposits. The provisions for probable losses arising from these matters are estimated and periodically adjusted by management, supported by the opinion of its external legal advisors.

 

 

  

December 31,

 

 

  

    2017    

 

  

    2016    

 

Civil

  

 

4,326

 

  

 

555

 

Labor

  

 

322

 

  

 

125

 

  

 

 

 

  

 

 

 

Current

  

 

4,648

 

  

 

680

 

  

 

 

 

  

 

 

 

PagSeguro Group is a party on tax lawsuits involving risks classified by legal advisors as possible losses of approximately R$25,800 and R$29,726, for the years ended in December 31, 2016 and 2017, respectively. PagSeguro Group is not party on civil and labor lawsuits classified by management as possible losses.