Financial instruments by category

3 Months Ended

12 Months Ended

Mar. 31, 2018

Dec. 31, 2017

21.

Financial instruments by category

PagSeguro Group estimates the fair value of its financial instruments using available market information and appropriate valuation methodologies for each situation.

The interpretation of market data, as regards the choice of methodologies, requires considerable judgment and the establishment of estimates to reach an amount considered appropriate to each situation. Therefore, the estimates presented may not necessarily indicate the amounts that could be obtained in the current market. The use of different hypotheses to calculate market value or fair value may have a material impact on the amounts obtained. The assets and liabilities presented in this note were selected based on their relevance.

PagSeguro Group believes that the financial instruments recognized in these consolidated interim financial statements at their carrying amount are substantially similar to their fair value. However, since they do not have an active market, variations could occur in the event the PagSeguro Group were to decide to settle or realize them in advance.

PagSeguro Group classifies its financial instruments into the following categories:


	March 31, 2018		December 31, 2017
Financial assets
Measured at fair value through profit or loss:
Financial investments		—		210,103
Amortized cost:
Cash and cash equivalents		2,545,389		66,767
Note receivables		4,883,321		3,522,349
Receivables from related parties		909		124,723
Other receivables		18,834		27,956

		7,448,453		3,951,898


	March 31, 2018		December 31, 2017
Financial liabilities
Amortized cost:
Payables to third parties		2,975,297		3,080,569
Trade payables		119,156		92,444
Trade payables to related parties		44,973		39,101
Other payables		26,652		15,872

		3,166,077		3,227,986

23.

Financial instruments by category

PagSeguro Group estimates the fair value of its financial instruments using available market information and appropriate valuation methodologies for each situation.

PagSeguro Group believes that the financial instruments recognized in these consolidated financial statements at their carrying amount are substantially similar to their fair value. However, since they do not have an active market, variations could occur in the event PagSeguro Group were to decide to settle or realize them in advance.

PagSeguro Group classifies its financial instruments into the following categories:


	December 31,
	2017		2016
Financial assets
Measured at fair value through profit or loss:
Financial investments		210,103		131,239
Loans and receivables:
Cash and cash equivalents		66,767		79,969
Note receivables		3,522,349		1,715,514
Receivables from related parties		124,723		300,809
Other receivables		27,956		4,495

		3,951,898		2,232,026


	December 31,
	2017		2016
Financial liabilities
Measured at fair value through profit or loss:
Derivative financial instruments		—		6,613

		—		6,613

Amortized cost:
Payables to third parties		3,080,569		1,304,031
Trade payables		92,444		61,719
Trade payables to related parties		39,101		76,249
Borrowings		—		205,204
Dividends payable and interest on own capital		—		22,243
Other payables		15,872		15,244

		3,227,986		1,684,690