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Related-party balances and transactions (Tables)
 12 Months Ended
Dec. 31, 2018
Text block [abstract]  
Balances and transactions with related parties
  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”).
Balances and transactions with related parties II
     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.