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Intangible assets

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

Text block1 [abstract]

Intangible assets

11.

Intangible assets

(a)	Intangible assets are composed as follows:


		March 31, 2018
		Cost				Accumulated amortization				Net
Expenditures related to software and technology (i)			291,666				(134,293	)			157,373
Software licenses			12,529				(2,398	)			10,131
Customer relationships			1,981				(246	)			1,735
Goodwill (ii)			21,399				—				21,399

			327,575				(136,937	)			190,638

		December 31, 2017
		Cost				Accumulated amortization				Net
Expenditures related to software and technology (i)			241,490				(115,665	)			125,825
Software licenses			9,510				(2,043	)			7,467
Customer relationships			1,981				(91	)			1,890
Goodwill (ii)			23,686				—				23,686

			276,667				(117,799	)			158,868

(i)	PagSeguro Group capitalizes the expenses incurred with the development of platforms, which are amortized over the useful lives, within a range from three to five years.

(ii)	Goodwill provided on the acquisition of the companies R2TECH and BIVA.

(b)	The changes in cost and accumulated amortization were as follows:


		Expenditures with software and technology				Software licenses				Customer relationships				Goodwill				Total
At December 31, 2017
Cost			241,490				9,510				1,981				23,686				276,667
Accumulated amortization			(115,665	)			(2,043	)			(91	)			—				(117,799	)

Net book value			125,825				7,467				1,890				23,686				158,868

At March 31, 2018
Opening balance			125,825				7,467				1,890				23,686				158,868
Cost
Additions			50,176				3,019				—				—				53,195
Others			—				—				—				(2,287	)			(2,287	)
Amortization
Amortization			(18,628	)			(355	)			(155	)			—				(19,138	)

Net book value			157,373				10,131				1,735				21,399				190,638

At March 31, 2018
Cost			291,666				12,529				1,981				21,399				327,575
Accumulated amortization			(134,293	)			(2,398	)			(246	)			—				(136,937	)

Net book value			157,373				10,131				1,735				21,399				190,638

12.

Intangible assets

(a)	Intangible assets are composed as follows:


		December 31, 2017
		Cost				Accumulated amortization				Net
Expenditures related to software and technology (i)			241,490				(115,665	)			125,825
Software licenses			9,510				(2,043	)			7,467
Customer relationships			1,981				(91	)			1,890
Goodwill (ii)			23,686				—				23,686

			276,667				(117,799	)			158,868

		December 31, 2016
		Cost				Accumulated amortization				Net
Expenditures related to software and technology (i)			143,989				(61,858	)			82,131
Software licenses			5,393				(1,416	)			3,977

			149,382				(63,274	)			86,108

(i)	PagSeguro Group capitalizes the expenses incurred with the development of platforms, which are amortized over the useful lives, within a range from three to five years.

(ii)	Goodwill provided on the acquisition of the companies R2TECH and BIVA as described in Note 10.

(b)	The changes in cost and accumulated amortization were as follows:


		Expenditures with software and technology (i)				Software licenses				Customer relationships				Goodwill (ii)				Total
At December 31, 2016
Cost			143,989				5,393				—				—				149,382
Accumulated amortization			(61,858	)			(1,416	)			—				—				(63,274	)

Net book value			82,131				3,977				—				—				86,108

At December 31, 2017
Opening balance			82,131				3,977				—				—				86,108
Cost
Additions			97,491				1,210				971				26,184				125,856
Acquisition of subsidiary			10				1,419				—				—				1,429
Transfer			—				1,488				1,010				(2,498	)			—
Amortization
Amortization			(53,807	)			(627	)			(91	)			—				(54,526	)

Net book value			125,825				7,467				1,890				23,686				158,868

At December 31, 2017
Cost			241,490				9,510				1,981				23,686				276,667
Accumulated amortization			(115,665	)			(2,043	)			(91	)			—				(117,799	)

Net book value			125,825				7,467				1,890				23,686				158,868