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Intangible assets

12 Months Ended

Dec. 31, 2018

Text block [abstract]

Intangible assets

12.

Intangible assets

(a)	Intangible assets are composed as follows:


		December 31, 2018
		Cost				Accumulated amortization				Net
Expenditures related to software and technology (i)			462,282				(211,929	)			250,353
Software licenses			17,227				(4,073	)			13,154
Customer relationships			1,981				(448	)			1,533
Goodwill (ii)			40,574				—				40,574

			522,064				(216,450	)			305,614


		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 their useful lives, within a range from three to five years.

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

(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 December 31, 2018
Cost
Additions			218,947				7,717				—				—				226,665
Acquisition of subsidiary			1,845				—				—				16,888				18,733
Amortization			(96,264	)			(2,030	)			(357	)			—				(98,651	)

Net book value			250,353				13,154				1,533				40,574				305,614

At December 31, 2018
Cost			462,282				17,227				1,981				40,574				522,065
Accumulated amortization			(211,929	)			(4,073	)			(448	)			—				(216,450	)

Net book value			250,353				13,154				1,533				40,574				305,614