XML 64 R31.htm IDEA: XBRL DOCUMENT
v3.20.1

Provisions | 12 Months Ended
--- | ---
Dec. 31, 2019
Provisions [abstract] |
Disclosure of Provisions |
24. | Provisions
The Group, as a result of the ordinary course of its business, may be a party to legal lawsuits of labor, commercial and tax nature. A provision is recognized whenever the loss is classified as probable.
| • |  | Financial guarantees and loan commitments: reflects the expected credit loss arising from financial guarantees issued, unused balances of checking account overdrafts, credit cards and other loan commitments.
| • |  | Provisions for reorganization: Consistent with the goal of further aligning the organizational structure with the corporate strategy during the current year, achieving efficiency gains and streamlining the decision-making process across all work teams.
| • |  | Other provisions: reflects the estimated amounts to pay class actions, labour, tax and commercial claims as well as other miscellaneous complaints.
|  | December 31, 2019 |  |  | December 31, 2018 |
Other provisions |  |  | 2,407,007 |  |  |  | 2,076,410 |
Provisions commercial claims |  |  | 1,913,733 |  |  |  | 1,653,888 |
Provisions labor-related |  |  | 204,202 |  |  |  | 260,371 |
Provisions tax claims |  |  | 105,595 |  |  |  | 107,243 |
Others |  |  | 183,477 |  |  |  | 54,908 |
Provisions for reorganization |  |  | 1,976,109 |  |  |  | — |
Financial guarantees and loan commitments |  |  | 930,577 |  |  |  | 551,226 |
TOTAL |  |  | 5,313,693 |  |  |  | 2,627,636 |
Changes in the item for fiscal year 2019 and 2018 are included below:
Accounts |  | Balances as of December 31, 2018 |  |  | Increases |  |  | Provisions used |  |  | Balances as of December 31, 2019 |
- Other provisions |  |  | 2,076,410 |  |  |  | 2,325,885 |  |  |  | (1,995,288 | ) |  |  | 2,407,007 |
Provisions commercial claims |  |  | 1,653,888 |  |  |  | 1,945,249 |  |  |  | (1,685,404 | ) |  |  | 1,913,733 |
Provisions labor-related |  |  | 260,371 |  |  |  | 128,663 |  |  |  | (184,832 | ) |  |  | 204,202 |
Provisions tax claims |  |  | 107,243 |  |  |  | 68,235 |  |  |  | (69,883 | ) |  |  | 105,595 |
Others |  |  | 54,908 |  |  |  | 183,738 |  |  |  | (55,169 | ) |  |  | 183,477 |
- Provisions for reorganization |  |  | — |  |  |  | 2,342,100 |  |  |  | (365,991 | ) |  |  | 1,976,109 |
- Financial guarantees and loan commitments |  |  | 551,226 |  |  |  | 379,386 |  |  |  | (35 | ) |  |  | 930,577 |
TOTAL PROVISIONS |  |  | 2,627,636 |  |  |  | 5,047,371 |  |  |  | (2,361,314 | ) |  |  | 5,313,693 |
Accounts |  | Balances as of December 31, 2017 |  |  | Adoption of IFRS 9 |  |  | Increases |  |  | Provisions used |  |  | Balances as of December 31, 2018 |
- Other provisions |  |  | 2,027,713 |  |  |  | — |  |  |  | 955,640 |  |  |  | (906,943 | ) |  |  | 2,076,410 |
Provisions commercial claims |  |  | 1,434,919 |  |  |  | — |  |  |  | 759,128 |  |  |  | (540,159 | ) |  |  | 1,653,888 |
Provisions labor-related |  |  | 356,449 |  |  |  | — |  |  |  | 100,425 |  |  |  | (196,503 | ) |  |  | 260,371 |
Provisions tax claims |  |  | 110,547 |  |  |  | — |  |  |  | 71,299 |  |  |  | (74,603 | ) |  |  | 107,243 |
Others |  |  | 125,798 |  |  |  | — |  |  |  | 24,788 |  |  |  | (95,678 | ) |  |  | 54,908 |
- Financial guarantees and loan commitments |  |  | 2,537 |  |  |  | 950,064 |  |  |  | 57,339 |  |  |  | (458,714 | ) |  |  | 551,226 |
TOTAL PROVISIONS |  |  | 2,030,250 |  |  |  | 950,064 |  |  |  | 1,012,979 |  |  |  | (1,365,657 | ) |  |  | 2,627,636 |
The expected terms to settle these obligations are as follows:
December 31, 2019 |  |  |  |  |  |
Provisions |  | Within 12 months |  |  | After 12 months |
Other provisions |  |  | 868,478 |  |  |  | 1,538,529 |
Provisions commercial claims |  |  | 641,511 |  |  |  | 1,272,222 |
Provisions labor-related |  |  | 43,728 |  |  |  | 160,474 |
Provisions tax claims |  |  | 32,836 |  |  |  | 72,759 |
Others |  |  | 150,403 |  |  |  | 33,074 |
Provisions for reorganization |  |  | 1,976,109 |  |  |  | — |
For financial guarantees and loan commitments |  |  | 930,577 |  |  |  | — |
December 31, 2018 |  |  |  |  |  |
Provisions |  | Within 12 months |  |  | After 12 months |
Other provisions |  |  | 941,450 |  |  |  | 1,134,960 |
Provisions commercial claims |  |  | 806,428 |  |  |  | 847,460 |
Provisions labor-related |  |  | 66,422 |  |  |  | 193,949 |
Provisions tax claims |  |  | 21,510 |  |  |  | 85,733 |
Others |  |  | 47,090 |  |  |  | 7,818 |
For financial guarantees and loan commitments |  |  | 539,627 |  |  |  | 11,599 |
Possible contingencies Contingent liabilities have not been recognized in these financial statements and corresponds to approximately 100 claims received (both before the courts and the administrative authorities), arisen in the ordinary course of business. These claims are primarily related to leasing claims, petitions to secure evidence, and labor claims. The Group’s management and legal advisors consider that the probability that these cases would derive in an outflow of resources is possible, but not probable, and that the potential cash disbursements should not be material.

X
- Definition The disclosure of provisions. [Refer: Provisions] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfProvisionsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_ProvisionsAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration