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v3.19.1

Related-party balances and transactions | 12 Months Ended
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Dec. 31, 2018
Text block [abstract] |
Related-party balances and transactions |
9. | Related-party balances and transactions
PagSeguro Group is controlled by UOL (incorporated in Brazil).
| i. | Balances and transactions with related parties:
|  | December 31,2018 |  |  | December 31, 2017 |
|  | Payables |  |  | Receivables |  |  | Payables |
Immediate parent |  |  |  |  |  |  |  |  |  |  |  |
UOL—cash management (a) |  |  | — |  |  |  | 124,721 |  |  |  | — |
UOL—sales of services (b) |  |  | 9,822 |  |  |  | — |  |  |  | 32,286 |
UOL—shared service costs |  |  | 10,234 |  |  |  | — |  |  |  | — |
Affiliated companies |  |  |  |  |  |  |  |  |  |  |  |
UOL Diveo—cash management (a) |  |  | — |  |  |  | 2 |  |  |  | — |
UOL Diveo—sales of services (b) |  |  | 3,290 |  |  |  | — |  |  |  | 621 |
UOL Diveo—shared service costs |  |  | 126 |  |  |  | — |  |  |  | — |
Concurso Virtual S.A. |  |  | — |  |  |  | — |  |  |  | 1,522 |
Transfolha Transportadora e Distribuição Ltda. |  |  | 4,336 |  |  |  | — |  |  |  | 745 |
Livraria da Folha Ltda. |  |  | 32 |  |  |  | — |  |  |  | 1,078 |
Empresa Folha da Manhã S/A |  |  | 2,073 |  |  |  | — |  |  |  | 2,320 |
Others |  |  | 884 |  |  |  | — |  |  |  | 529 |
|  |  | 30,797 |  |  |  | 124,723 |  |  |  | 39,101 |
(a) | The receivables transactions with related parties arising from cash management. The remaining balance was fully paid in April 2018.
(b) | Sales of services refers mainly to the purchase of (i) advertising services from UOL and (ii) services related to technical support in hosting from UOL Diveo Tecnologia Ltda. (“UOL Diveo”).
|  | December 31, 2018 |  |  | December 31, 2017 |  |  | December 31, 2016 |
|  | Revenue |  |  | Expense |  |  | Revenue |  |  | Expense |  |  | Revenue |  |  | Expense |
Immediate parent |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
UOL—shared service costs (a) |  |  | — |  |  |  | 105,433 |  |  |  | — |  |  |  | 58,375 |  |  |  | — |  |  |  | 31,498 |
UOL—sales of services (b) |  |  | 2,233 |  |  |  | 52,115 |  |  |  | 689 |  |  |  | 46,976 |  |  |  | — |  |  |  | 81,007 |
Affiliated companies |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
UOL Diveo—shared service costs (c) |  |  | — |  |  |  | 534 |  |  |  | — |  |  |  | 24 |  |  |  | — |  |  |  | 1,710 |
UOL Diveo—sales of services (d) |  |  | — |  |  |  | 26,943 |  |  |  | — |  |  |  | 28,953 |  |  |  | — |  |  |  | 18,069 |
Transfolha Transportadora e Distribuição Ltda. |  |  | 374 |  |  |  | 18,889 |  |  |  | 39 |  |  |  | 15,405 |  |  |  | — |  |  |  | 5,500 |
Livraria da Folha Ltda. |  |  | 160 |  |  |  | — |  |  |  | 319 |  |  |  | — |  |  |  | 349 |  |  |  | — |
Others |  |  | 401 |  |  |  | 54 |  |  |  | 433 |  |  |  | 130 |  |  |  | 395 |  |  |  | 101 |
|  |  | 3,168 |  |  |  | 203,967 |  |  |  | 1,480 |  |  |  | 149,863 |  |  |  | 744 |  |  |  | 137,885 |
(a) | Shared services costs mainly related to (i) payroll, (ii) IT structure / software and (iii) property rental which are incurred by the parent company UOL and are charged to PagSeguro Brazil pursuant to cost sharing contractual agreements. Such costs are included in administrative expenses. The increase in the balance refers to payroll taxes related to LTIP payments made in the year ended December 31, 2018 which amounted to R$ 61,713, and which are paid by the parent company UOL and reimbursed by the PagSeguro Group.
(b) | Sales of advertising services are incurred by the parent company UOL and are charged to PagSeguro Brazil pursuant to contractual agreements.
(c) | Shared services costs are incurred by the affiliated company UOL Diveo and are charged to PagSeguro Brazil pursuant to contractual agreements. The main costs are related to IT structure/software.
(d) | Sales of services from the affiliated company UOL Diveo related to technical support in hosting services (started in 2016) and are charged to PagSeguro Brazil pursuant to contractual agreements.
| i. | Key management compensation
Key management compensation includes short and long term benefits of PagSeguro Brazil’s executive officers. The short and long term compensation related to the executive officers in 2018 amounted to R$ 99,331 (R$ 3,487 and R$ 2,658 in 2017 and 2016, respectively, includes only short-term benefits).

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- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2018-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=24&date=2018-03-01&anchor=sect_Disclosures&doctype=Standard -URIDate 2018-03-16 + Details
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- Definition Text block [abstract] + References No definition available. + Details
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